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

Wednesday, November 22, 2006

Wednesday UK BOE CAD CPI

Thanksgiving week holiday
Slow day again with the holidays coming up and markets just lacking volitilty, but the gbp is slowly creeping higher.

EUR - gbp 18:30 went long 2 red candles and then 2 more and got (20) exactly closed before the BOE, spiked down and then back up to get 25 chf same time broke down got (10) same time closed under S2 but then reversed all the way up.

Stuffed up CAD CPI news missed it .. it was a scratch anyway. And then at 23:00 the USD got killed.. It was being sold off all day long but at 23:00 the carry traders dumped and squared off positions before the holidays 100+ pips move in the majors

NY - the break out happend on all pairs at 23:00 there wa no news they all broke out a lil bit after moving up ALL day long. And then they never looked back at all also we had run out of pivots on the GBP by this stage.
gbp 70
eur 70
yen 50
chf 70

Lesson: Double check all news releases times, and holidays times you WILL get exagerated moves so take the risk next time!

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