Well that failed big time. We were setting stops at cost and adding to the position as momentum built and it was working. We got the move we wanted and then the publications started, not a good sign considering IFO surveys are released in one hour. Rather than risk it reversing, we took the profit on the trade and will look to get in later when UK GDP (in my opinion comes in higher than the market expectation of 0.6% q/q, my models predict 0.72%).
A lost opportunity that we were forced out of, but at least we made a good chunk of cash. This bird in the hand strategy has served us well so far, so no need to change it out of fear or greed, we will have other opportunities.
p.s. Don’t have the community phone with me. Someone from the community please share this and the last post in the two whatsapp chats.