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06/02/2014: Stopped out of my GBP/USD short

Having decided to run my Cable short position through the Bank of England rate decision the trade was going well.

Then the press conference of the ECB’s Mario Draghi improved appetite for risk in the afternoon.

With Cable making consistent gains through and after the ECB Press Conference, I have been stopped out of my short position at $1.6345 for a 30 pip loss

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At Hantec Markets Ltd we provide an execution only service. Any opinions expressed by analyst Richard Perry should not be construed as investment advice or an investment recommendation. This report does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. Forex and CFDs are leveraged products which can result in losses greater than your initial deposit. Therefore you should only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved, seeking independent advice if necessary prior to entering into such transactions.