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

Wednesday, October 04, 2006

Monday No News stuff up

Again stuffed up and traded on a monday and got my ass kicked big time..

ISM (52.9 v 53.5) came out but it got leaked 45 mins before and gave bout 100 pips on the gbp wasnt even that bad a number but the rumour was that it was 50

1. traded to big before news
2. started messing around with my stop
3. removed half my stop
4. didnt close out at right spot
5. who cares ur never making this mistake again so it doesnt matter

EUR gbp had a short before news it lost (-30) eur had a later entry at 20:00 and it carried into NY and got (60)

NY gbp easily (90) before news then another (50) after news eur nice easy (50) chf (50) jpy (50)

Lesson: Never ever ever move ur stop!

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