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

Tuesday, November 14, 2006

Monday GBP PPI

Quite monday in NY but had a ok UK report out the PPI came out a bit bad for the pound.

there was also a Gap on the open on the chf that got filled 20 pips. fell 40 pips after open into asia and then went back up and on Eur open closed the gap on a snatch

I took the day off but I need to start changing this and if there is major news I need to start trading cause it is moving now with any news but only the pair effected.

trend is still up and in fact gbp broke out of yearly highs last week looking for a small retrace so maybe its ok to go short for 20 pips

EUR gbp fell on the news candle got (20) next candle then 20 pip retrace then fell into NY open 30 more pips eur gave a short just after gbp got about 10 of it into NY chf entry same as gbp closed 1 pip above entry and 1 below daily piv next candle just shot up retraced and then slowly gave the 20 pips exactly.

No news at all

NY - broke out at 23:00 - gbp fell at 01:00 and then fell all night till 2 (40) eur started moving straight off the entry candle (20) chf broke at 23:00 and hung around for 3 hours before got (30) at 02:00

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