1-22-14 UK, Unemployment UK report, currently -274.00 pounds. BattenThe Hatches !

Good gains on another demo account as of past couple days. 

Learning to use the pivot levels for long-term trading. Targets set yesterday with a focused risk buffer. 

So, I wake up this morning 10 minutes after an announcement of UK news. 

LESSON : KEEP UP WITH THE NEWS EVENTS

 

Even in comparatively short teem trades, STILL NEED to check calendar for upcoming reports. This was the report I woke up to from CNBC after not waking up for UK session. 

This was the effect. 

Trade is now at the tip end of that spike. 

- 189.00 pounds (ouch!)

Previous gains now  completely threatened. 

Will likely retry if hit towards original target or start additional scalping, and hedge position as is. 

"Inclement weather ahead .... " hehe

Time to go to work and "batten down the hatches!"

Gotta get a handle on news reports ....

5:45AM .. Risk buffer hit 

-274.00 expense.

Time to start rebuilding .....

LESSON LEARNED