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

Tuesday, December 12, 2006

Tuesday UK CPI EU ZEW US Trade FOMC

Lots and lots of news today so thought it was going to be a good day the pairs are trapped though in their retracement and just muckign around again like crap trend is majorly up but its coming down to making a triangle.

CPI uk was great 0.3 really high.. ZEW was really good too .. market didnt reflect it after initial spikes

EUR eur at 19:00 short went down 5 pips then reversed then 5 candles later shot up on the ZEW got 0-1 pip from stopping out Oanda stopped (-30) gft closed out for a few pips on the US news gbp after news went long got to 10pips and hit daily10sma i realised and rejected tried it again once more and then fell down and closed inside (-30) short reversal and (-30) got stopped. shoudlnt have really take then reversal and original trade (BE)

Trade balance came out awesome for the USD best since 2001! Spike down on news and ten 1 min reversal back to prerelease and never got back down!

NY chf after news long entry by 1 pip got 15 exactly and then stopped on a big candle down (-30 or -20) reversal and got (10 or 20) close outside short reversed off that candle (-30 or -20) reversal got (10 or 20) eur exactly same short after news entry 1 pip (-30 or -20) and reversal got (10 or 20) then close out side by 1 pip and under days high by 2 pips reveresed straight away (-30 or -20) the reversal of this got (10 or 20) gbp long flipped on that candle (-30) stopped exactly on 30 and then went back up 15 pips then crashed down eurcad long after cad news (-30) flipped after the entry cad long after news ran out of pivots and it got to 15 then reversed to BE

Lesson: I closed out the euro short with the news trade long, next if snatch is open LEAVE THE STOP in place cause it never goit hit today and would have been a good trade to leave in.

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