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

Wednesday, February 28, 2007

Wed US GDP

There was some minor Euro news and GDP.

GBP broke out short at 18:00 didnt get the trade stop was 14 pips to far if took short got stopped with -33 pips and then it straight up fell 70 pips from there.

GBP also broke its down trend and closed above and looked like it was coming back down to test the trendline for the final buy, but it went 15 pips under that still holding above though

I traded tired today my lines were all over need to get organised and focused and double check all snatch rules before placing a trade.

tuesday US durable goods

Had some Euro and news went short at 18:30 against the trend had just broken it an up. Next candle was a doji and then reversed stopped out by 2 pips and then closed inside also. Next candle shot straight to the top of box (25) and closed outside (20) and then nothing for the rest of the day/night.

I didnt take the reversal my lines were stuffed and also missed the other long again charts stuffed up.

1. Refresh before taking the trade
2. You need to get to pc 15 mins before placing a trade if not no trade
3. Have 2 backup snatch charts open (Fx Sol and Oanda)

Friday, February 23, 2007

Fri UK GDP

Popped up at 18:30 on hawkish comments but had a descending strong 4hr trend line 10 pips above entry and 20 pips away was a previous top. Got exactly (20) and it retraced really fast.

Then had GDP news which took it to the bottom but then reversed fast.

NY no news at all but the start at 23:30 moving 45 got a long got exactly (20) before it went to 2+ and then hung round for an hour before giving (40)

Thursday, February 22, 2007

Thur 22nd Feb No real news

A few small reports euro and no US.

Broke out at 18:15 eur and chf (but im not watching these anymore)
GBP is in a triangle but trend is still down, had a short at 18:30 but the charts stuffed up and it fell got 15 the next candle gave a signal got (19) it reversed to exactly BE on london open and then fell down to give (25) and the reversed.

NY new news at 3:00 GBP moved up and closed above PP long but rejected 1 pip from EUR box top it hung around for 4mins and then shot up 40 pips.

Wednesday, February 21, 2007

Wed BOE Min US CPI

EUR 18:30 all broke out with the trend gbp 1 pip above close but resist was 5 pips above. next candle closed back inside and then pop to (19) pips and stopped at R1 and reversed closed back inside the box and I forgot to take a short. 2 candles later BOE came out 7-2 and fell (60) gbp short outside box against trend (20) chf reversed on snatch entry and (-30) eur reversed also (-28)

NY CPI came out 0.1 better and didnt move much there was no real snatch. Eur short was the only one and you had to hold 24hrs to make money.

CAD retail 1 devation and the CAD dumped 60 pips and the EURCAD did over 100 they both had snatches that did (50) and (80) I didnt take cause I was long usdcad divergence.

Tuesday

Some small euro news all the pairs are starting to trend up (chf down)
CHF broke out on news at 19:15 (20 easy) EUR (10) GBP (10) all were in the opposite direction. Taking a buy in the close on the GBP woudl then get stopped out by a few pips and then in NY it went up.

NY had a GBP buy (10) then reversed

Friday, February 16, 2007

Friday 16th US PPI

Some minr Euro news didnt effectEur and chf starting trends. Chf am in a Flagstaff. Still in the CAD flag and added more. Eur waiting for it to take out the lows for short divergence.GBP short Euro short Chf long

euro session CHF got to 25 pips but i didnt close cause i also had divergence on. it came back to 1 pip
EUR got exactly 10 and then bounced back to BE
GBP got 19ish and then reversed back

i got confused with the divergence stuff and shoudl have just taken the snatches off the plate and then let the divergence go itself got greedy ..
and it was a no euro session news day so shoudl have just taken it all off the plate.

Thursday, February 15, 2007

THUR 15th Feb UK Retail US TIC Ind Prod

Eur dropped short early on and went in and also had a Flagstaff short set up.

Retail was -1.7 and the GBP fell 100 pips to far for a snatch but it did give 20 had u taken a snatch after 30 mins.

USDCAD set up a Flagstaff long.

USD news came out bad but the USD didnt fall to hard but it did give a intial pop and that stopped me out of the eur by 1 pip on a 20 pip stop under the low.
Also got another CAD Flag trade so taking that now.

USDCHF flagstaff long set up and EUR flagstaff but going to wait for it to break the lows first

Wed UK minutes US retail Ben testifying to congress

Broke out at 18:00 due to some ECB stuff but the candles were too big got (30) on the GBP though on the same move.

UK minutes whipsawed it down adn then up and stayed up and then US news did nothing but did get a buy but so much resistance above us so I left it but Ben sent it up 60 pips.

Wednesday, February 14, 2007

Tuesday UK CPI US Trade Balance 13th Feb

Eur and Chf broke at 18:00 and both easily gave (10) pips before 19:00 GBP went at 19:00 and then gave a doji and reversed 33 pips. (-30) The gbp trend was down but it looked like it had cleared that trend line euro trend was also down but chf trend was up. all over the place it is .

Went into a short reversed to -20 and then CPI came out bad and went down 100 pips. (40)

Eur and chf gaves trades and got (10) before news or (20) after it

CAD short at 00:00 and then TB helped it get (30) it was BE before news

Monday, February 12, 2007

Monday 12th Feb GBP PPI

At 18:15 had a chf short that I took reversed on entry and stopped at 19:30 (-30) EUR 18:30 long reversed on entry and stopped (-30)

GBP PPI was slightly bad and gave a sell easy (20).

Eur and Chf: gave signals on the other side (20) and (20) easily

If you're going to play randomly with no trend direction then make sure you take both sides of the trade. As usual mondays all over the place got stuffed up cause of a wierd gap in the morning stuffed up the range. and got suckered in by the german headfake. never saw 1 pip profit

NY euro and chf short after the huge move at 23:00 both reversed and stopped out.

Thursday, February 08, 2007

Thu 8th FEB BOE and ECB

BOE and ECB meetings tonight to change expected at all. I was expecting a quiet day but the currencies started to move.

Had chf CPI before snatch and sent usdchf flying up then got a long at 18:00 it went on to give 40 and euro short 18:15 a few pips above DP and support and 3000 and but gbp missed by a pip. Pound fell and gave 15 and then reversed at pivot and then bounced on news and then fell to give 30. Euro also fell and gave 20.

UK did not raise and the pound fell hard and then gave a short don't know why I did't take it easily gave 30 pips and then fell all night long 70 ish

 

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