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

Thursday, December 14, 2006

Wednesday UK Earnings US Retail

Before news gbp broke down against the trend then news shot it up. No other news, all other breokes broke against the trend

EUR gbp short at 18:00 then it reversed and -20 then (20) eventually eur short by 1 pip then reversed then got (10) chf same time reversed to -10 then got 10 then down a few pips then (20) exactly

US had retail sales came out really good and shot it down eur and chf moved to much fora NY sess trade and the GBP retraced a lot of the move and it was against the trend didnt take it. Moved down for 1 hr and the reversed 75% of the mvoe fast

NY gbp against trend 1hr later hit the pvot (60) eur the stop was exactly on the box and it was against the trend got (20) 1hr later chf stop was outside the box no trade

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