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Gbp Cpi

  • #1
  • First Post: Sep 12, 2006 1:35am Sep 12, 2006 1:35am
Well how did everyone do. +9 pips. Once again pulled the trigger too early. Oh well. 9 pips more than I had.
  • #2
  • Edited 1:50am Sep 12, 2006 1:40am | Edited 1:50am
Why did you get out of the trade?

Edit: actually, What I mean is, were your short or long and if long what was your motivation for leaving the trade? Did you have a set TP?

Quoting PTOURNIS
Well how did everyone do. +9 pips. Once again pulled the trigger too early. Oh well. 9 pips more than I had.
  • #3
  • Sep 12, 2006 1:44am Sep 12, 2006 1:44am
Was the news released early? I noticed it started moving up 30 secs before the actual time. Anybody else notice that?
  • #4
  • Sep 12, 2006 1:48am Sep 12, 2006 1:48am
I noticed that, but I thought it was people anticipating the news... I am no expert in this though... LOL



Quoting forexplayer
Was the news released early? I noticed it started moving up 30 secs before the actual time. Anybody else notice that?
  • #5
  • Sep 12, 2006 1:49am Sep 12, 2006 1:49am
That's a good question. I have not figured out when a good time to exit is.
  • #6
  • Sep 12, 2006 1:50am Sep 12, 2006 1:50am
the news released early 20 sec !!

i was staddle manualy and the price got up so fast, i was in hurry.. went long and my stop was too low becuase i was in hurry price went down exit with (-9 pip)
Charting Markets into the Future...MǎҖ€¥.
  • #7
  • Sep 12, 2006 1:51am Sep 12, 2006 1:51am
I am still in this long from 1.8685...

But this was not a news trade for me it was a trade placed earlier...

could have gone the other way, in which case I would have exited at 1.8655
  • #8
  • Sep 12, 2006 2:03am Sep 12, 2006 2:03am
Here is a quick way. I have about a bazillion different TP methods, but this is easy and accurate and quick.

Draw a trend line from where the prrice breaks.
Draw a vertical line from the lowest low contained in that trend line to the highest high contained in that trend line.
Duplicate that vertical line and move it to where the price broke the trend line.
The end of that line is your TP... Bingo...

Scott


Quoting PTOURNIS
That's a good question. I have not figured out when a good time to exit is.
Attached Image
  • #9
  • Sep 12, 2006 2:06am Sep 12, 2006 2:06am
BTW It looks like you might be able to channel trade this again. as there is about to be a break upwards
  • #10
  • Sep 12, 2006 2:07am Sep 12, 2006 2:07am
Right now


Quoting smjones
BTW It looks like you might be able to channel trade this again. as there is about to be a break upwards
  • #11
  • Sep 12, 2006 2:08am Sep 12, 2006 2:08am
That is a interesting method. I am working with a MACD set at 24, 52, 18. It would have worked very nice in this scenario but I did not follow it. Go figure and I am reading Trading in the Zone which says don't let fear govern your trades. Oh well. Trade for another a day.
  • #12
  • Sep 12, 2006 2:10am Sep 12, 2006 2:10am
+9 pips for me. But I was trading 1M. So it was a huge profit. Too bad I got out early. But meh...I didn't deserve it in the first place.
  • #13
  • Sep 12, 2006 2:15am Sep 12, 2006 2:15am
It really tickled the bottom of the channel before taking that run upward... Are you used to this when doing a post-news channel-trade, SMjones?
  • #14
  • Sep 12, 2006 2:17am Sep 12, 2006 2:17am
Yes.

Edited for hubris, Because anything can happen. LOL



Quoting Lifecycle
It really tickled the bottom of the channel before taking that run upward... Are you used to this when doing a post-news channel-trade, SMjones?
  • #15
  • Edited 2:53am Sep 12, 2006 2:27am | Edited 2:53am
I have worked this trade with my typical method. +20 pips with 2 lots (capture of 40 pips).

1 Lot still in with +25 locked in. Total so far +65 pips captured.

Finished with +65 pips captured.


DC
"There is MORE Happiness in giving than receiving"
  • #16
  • Sep 12, 2006 2:31am Sep 12, 2006 2:31am
+36 PIPS, 1 Lot... Stoped by take profit. I could go for more, but I didn't want to risk the profit. 50 PIP movement might be a peak, so I went for sure...

That was great news. :
  • #17
  • Sep 12, 2006 2:55am Sep 12, 2006 2:55am
Quoting ltljon
+36 PIPS, 1 Lot... Stoped by take profit. I could go for more, but I didn't want to risk the profit. 50 PIP movement might be a peak, so I went for sure...

That was great news. :
Good trade ltljon

As you can see, the same trade can yield different results for many people. It just proves.....it is easy to get in a trade....what is needed to profit is a strong trade managment method.

DC
"There is MORE Happiness in giving than receiving"
  • #18
  • Sep 12, 2006 2:57am Sep 12, 2006 2:57am
Quoting drcole1
Good trade ltljon

As you can see, the same trade can yield different results for many people. It just proves.....it is easy to get in a trade....what is needed to profit is a strong trade managment method.

DC
Absolutely right
  • #19
  • Sep 12, 2006 3:16am Sep 12, 2006 3:16am
Picked up 20 pips, straddled him 20 away with 20 TP.
a journey of a thousand trades begins with a single pip
  • #20
  • Sep 12, 2006 3:42am Sep 12, 2006 3:42am
I was just about to input my orders, when the internet connection at the office failed, and I ended up missing the trade. Sucks, but oh well, hopefully US trade balance will be a mover as well. Congrats to all who nailed this one. Lesson learned: don't use company resources for personal gain lol
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