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

Friday, August 25, 2006

Thursday IFO and Durable.

IFO big rumours coming in that it was bad bad (eur was falling before it) came out expected and Huge candle up. And saw a whipsaw.

Durable was scratch

Then had a short after the news (rob too) and he got early i stayed in and then i still got out too early .. the e/u was the key should always let it come down and take out bids/offers Eur & Chf 20 pips away from it .. and it did come and hit them .. oh well

EUR gbp out (20) eur out (20) NY gbp out (20) in (60)

Lesson: Wait for a trade to hit orders/offers/supp/res/pivs

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