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

Wednesday, November 29, 2006

Wednesday GDP New Home sales

There was some UK news in the arvo snatch broke out before against the trend short but I had a feeling it was due for a pullback so took a position with tight profit target. News didnt move the pair.

EUR - gbp got to 8 then BE then 20 and then straight to PP (30) and reversed straight off PP to the entry. perfect exit chf same time targeted the R1 pound reversed before it was hit so took (15) 10mins later it went and hit R1 and reversed of that eur 1 candle later and took a while but got (20)

GDP came out and chinese finger trapped us told me to just stay out the market, housing was also a no trade did cause a small USD rally

GBP - chf after the finger trade got a slight long stopped out next two candles (-30) then taking the reversal (-30) i didnt take the trade

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