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

Thursday, March 01, 2007

THUR 1st march UK PMI US PCE CAD GDP

Lots of news today and GBP broke at 17:45 then and fell at 18:15 closed on the line but 2 other brokers said go under it reversed 10 pips up on close and I didnt short I waited until it went under the entry price but got slipped 3 pips on Oanda got to 11 pips but didn't exit and then it dojied 3 candles and then reversed in 2 mins and stopped out (-30) and then long CAR.

errors:
1. Hesitated on the entry cost me 10 pips extra (charts werent ready)
2. Got slipped on the entry (just set a stop sell)
2. Should have taken profits with 10 pips (was before news)
3. Go to BE at 10 pips (again before news)

The long got to 29 pips 3 times and was being rejected off major Resistance target was 8 pips away and I wouldnt close had so many chances and then I get stopped at BE and then news bring the GBP crashing down. So good for going to BE atleast.

No New york trades

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