My views on future trades, past trades, the market and lessons learnt

Wednesday, August 16, 2006

Crazy Wednesday

What a crazy day. Back really hurts, should go get that checked out, but by the time I awake the only thing open is 7/11. Anyway back to trading, everyone waiting for CPI; market was chilled out, no volume, but had Euro gbp short 30 pip.

Rob got into a cute long before CPI so already had one lot in.

CPI core 0.2 vs 0.3 gave a buy. The consensus was all over the place 2-3 I decided to trade all numbers except maybe .3 because this report is SOO important. Got a good 65 pip spike on it. So my triggers were right. I got out a bit early/late I got out halfway on the retrace. Didnt think .1 was enuff for a clear and sustained blah blah

SNS stuffed up and Tom stuffed up and called a short also.

Didnt really have a dawdle effect; 3 candles at most and no follow through with other pairs. Although the gbp did reverse 40 pips step by step at 1am

ny gbp out (-10) in/out (100+) eur out (-20) in/out (90) jpy out (17)

Some dude sent me this today funniest chart I have ever seen in my life Crazy1 & Crazy2

Lesson: Get out at top of spike or stay in for the retrace dont pussy out halfway

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