Thurs Lots of News
Had a slow week and first day with some GBP news
EUR eur went to 15 after 3 candles and then for 5hrs bounced around and -5 even and then during NY it did get its (20) chf this just fell all afternoon and got (20) before NY opened, i didnt take it though and was trying to ride the trend down into tonights data release and then i got fed up and got 1 pip on the trade it then came back and fell 20 pips 1 second after I got out gbp moved 30 mins after the other two so missed the entry and got in real late (entry with the other guys u'd have gotten (20) it went up 4 pips and then 20 pips range made a double top then .. IR rates came out raised as expected and it fell 50 pips (-30) this trade was a looser whatever happend the only way to describe it
Trade balance came out good for the USD which pushed the pound down more and then the sentiment came 1.5 hrs later and flipped it USD bad.. then 1 hr after that a china man said they are diversifying causeing a 100 pip sell off.
NY gbp after the IR rates had a short but it was against the trend, it went to 17 pips and then flipped and went -20 into the daily pivot and then flipped back down got exactly (20) just before news (so stop to BE or close it with profits) after news it fell to (60) gbp close inside on a push up and got to other side and outside for (40) chf after the 2nd news gave a short but then it reversed and went up -25 pips before slowly coming down I got out (BE) but then 2 mins later it fall (50) eur using hindsight had a long before news that was 5 pips and stopped at (BE) eur short inside the box but target was only (10) and against trend eur long outside the box but (2nd long in same direction hmmmm?) went to -20 for 1hr and then pushed up to get (40)
Lesson: Get out before a expected rate rise cause you dont know what the speech will do OR put a BE stop if you can. If a trade isnt working after 4hrs minimise the loss and try and get out. Start fresh at NY. The chf trade was a mess here was no reason to exit except for FEAR. I then got mad and irrational and stuffed up my lines so missed the GBP. And then I got scared and didnt take the new trade.
OK before news
1. CLOSE AT MARKET
2. IF YOU HAVE PROFIT AND WANT TO GAMBLE STOP TO BE
THATS IT
0 Comments:
Post a Comment
<< Home