Friday UK Retail CAD Retail

Straight off at 2am huge candle up and got long just before london open got 2 chances get out with 9 pips but didn't take it both times, was just hesistating and being greedy. Although technically I was right to stay in and hold out before london open just take it and the move was based on a rumour need to just get out next time. Snatch is still way to discretionary with the exits and the rules need to maybe refine it a bit more, or not because I never got to 10 so I had to stay in.

The move up was a rumour of a strong retail sales. Need to remember that the momentum is generally going to go at 2-3am on those pushes up if it can't break it then you almost always have to wait for UK News and then you are playing with fire. Really not worth it.

REMEMBER the idea is to GET OUT BEFORE NEWS.

Got stopped by one pip and then retraced back up to the entry box and hung around there until news came out slightly bad and killed me anyway. I doubled up down near the bottom trying to get lucky on the news and was quite simply a waste of money and time.

After news got a short that I missed cause wasn't paying attention was busying doing other crap and missed an easy easy 20 pips.

Not good.

Thursday CAD CPI

No other news except there was China GDP and the xxx/jpy were going wild. This shoudl have given me a heads up that the gbpusd was also in play. Got a short and hesistated at 2:30 10 mins later was (30).

Need to be aware of GBPJPY from now on put it on the charts its also in play from now on..

I didn't take the snatch cause was before 3am and was just worried what was going on without any news on GBP.

Also we got killed on a System6 AGAIN. These are short-term reversal trades leaving them over night WILL Get the stop hit there is no doubt.

So if going to take it and it doesnt go your way instantly then just get out for a few pips loss cause the stop loss is pathetic on this.

Wednesday UK BOE minutes CAD Tics

No US news and UK BOE vote and earnings.

We hit 2.0100 and bounced off that and there was no snatch until after the vote came out expected and shot up 35 pips and stayed up there got a long.

Tuesday UK CPI EUR ZEW US CPI HOUSING INDUS PRODUC

Lots and lots of news today, so was never going to be a day to hold onto any trade.

EUR gbp took a long at 2:30 and did nothing for 2 hrs until just before the CPI release it got (10). CPI came out good and we did 80 pips from there but was just better to take the pips off the table.

Zew was a scratch

And pound broke 2.0000 and the charts were all over the place random orders and etc bad spikes several times made chart trading really hard.

In hindsight had a long after CPI that got (20) on the next candle

Friday The 13th US PPI Trade Balance

No uk news and being a friday I didn't trade.

Broke out of range during the morning and was buying all day. 2:30 broke R for a long.

Took until 7am to get (10).

7:45 got another long and reversed at 8am. Stopped exactly -30 on the news and then bounced on that level after closes inside. Got easy (60) taking that short close inside.

Was just a crappy day.

Thur 12th April UK Trade Balance

Got a pop at 2am and got to (18) at 2:50 before London open which then reversed it.

Trade balance was bad and sold off giving a close inside but only did (20) and didn't get to other side before reversing.

No USD major news at 10am got a long and took 2 candles to get to (15) on a spike up then reversed at major resistance.

Wednesday FOMC

Clean Euro session for news

but the asian was wild with UK rumours of TAX repatriations so range was 80 pips. Got a 2:15 long and was going for 10 pips next candle dojied and then got a push straight to (10) pips and then fell back and hovered near BE eventually touched (20) and then got slammed 50 pips on the rumour news.

There was no NY snatch or anything but I got stuck into a CHF short and I had to hold it for 6 yrs until 1am when I had a chance to get out with some big pips and a loss on another account but I didnt take it and it fully reversed on me. I didn't look at the time to see what it was and that it was noon almost in NY and was a total stuff up.

Next time in a trade like this on a peace of paper make a trade plan and detail what you will do and the levels.

Actually next time don't get into stupid trades, if its someone elses well then FOLLOW it to the bone and don't deviate.

And don't try to get back to BE when the best that you can hope for is in fact -5. Think of coming back to -5 from -25 as having made 20 pips.

Thurs UK Indus Production BOE CAD NFP

Had a good busy UK calendar but tommorrow is NFP and a holiday though.
Tight range and a break at 2:00 and got into a short full reversal from the entry after dipping 1 pip below next two candles were straight up in 6 candles. UK open did a doji and tricked us out.

Total german headfake. Need to work out why and how this is happened and see if I can do anything about it. Could always just not take them and ignore all trades, because I want to always get out before UK news to.

I doubled up near the top and I was up a few pips on the double shoudl have just closed it there and then when it came back to test its trend.

I got stopped out by 1 pip that was the top my exit was the top price. (-36) But it even gave a snatch long just after that (-30). Then eventually before news fell 20 pips fast and news dropped it another 30 and it stayed down there never came back and then fell another 40 before BOE.

After BOE spike down hard and fast reversed and went up 40 pips and then sold back down and got a snatch short but didn't take it just wasn't paying attention and my lines werent up.

Also need to stop taking silly trades and I'm still revenge trading

also once you

hit the daily target --> walk away

Wed UK Services PMI and US ADP ISM

Had a busy schedule today and things looked good lots of PMI's and a busy NY but we do have NFP and a Rate for UK this week.

Got a long at 5 and it didn't do anything got to 8 and then went to -10 finally 10 mins before the news I got my (10) and I got out.

News was no trade and didn't do anything and the gbp pretty much just rolled over so perfect exit.

NY got a short that did clear the lows after ADP at 8:45 immedialty reversed hung around and then stopped (-30) after ISM a reversal woudl have gotten (20)

I didnt trade with NFP coming and all maybe UK rate rise tommorrow good night to take off

Tuesday UK PMI

Services PMI and thats it all day US pending home sales at night

Got a long at 3am exactly after 2 previous tries to take it out and got exactly (10) before it fell 80 pips over next 2 hrs... was a good exit.

Then nothing all day

Monday UK PMI and US ISM

I should have traded today there was major news but I was getting back from the flight and got home late.

 

Eur trade was at 4:30 got (12) on the next candle before it came back to (-6) then before the news it did get (30) easily. Being a monday and all 10 was good.

 

US at 7:30 got a long and next 7 candles were pretty much all green good for 50 pips.

 

I was napping and missed it!

 

Friday CAD GDP

GBP Confidence and eur CPI I was in melb and didnt trade but the GBP fell off hard and gave a short at 3:30 and it gave 50 pips pretty easily in 2 candles.

 

US had lots of news PCE and spending/income which didn't give a trade but around 11am there was some news or something and the GBP went flying right back up to the top it did 60 pips and then gave a buy and it still managed to do another 40 from there.

 

CAD GDP was a no trade

Thursday US GDP

There was no Euro news at all and we didnt fire off a trade even.

 

NY had GDP that was a lil short but no trade. Then 1 hr later got a short after it had already tested the low several times and failed and an hour later closed at BE.