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

Sunday, August 06, 2006

Friday.. CAD NFP and US NFP

Had CAD nfp and it came out 30k bad crazy trade, but it came out early 2 mins so i flipped for a second and didnt get in quick enuff, finally got in, but I bailed 1/2 out at a stupid time just before the "real" release time, I listened to tom, I should have seen it retrace more then a support level, I tried to get out at a good price instead of getting out when it retrace, always let it retrace and then get out, its better then picking the top.
when the 9pm came it shot up .. so i made some good pippage on remaining lots. .

NFP had tip before hand and then got the number at 113 v 130 (he was right) so a lil buy. Charles gave a 3 sec early call at 8950 also but my mouse slipped a bit (change the setting to slow, and always pick a buy or a sell) and the window moved, but I did get in on the GBP, got out too early though on 1/2 but kept the rest and cleaned out 99 pips at the top. it also gave NY session buy and the target was 9110 (50 pips away) but didnt take it.. and it did hit that target perfectly!

Lesson: Dont get out before retrace. Choose a buy or sell before.

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