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Home Sales and FOMC Interest Rate statement

  • #61
  • Oct 25, 2006 2:00pm Oct 25, 2006 2:00pm
I'm like RvrsTrader posted above; was my first real news trade. Because of my "straddle" that I had put in BEFORE the moves, I did manage to capture 21 pips on the upswing, and then another 15 on the retraction for a total of 31 pips! The short trade on the strattle was quickly cancelled before causing any damage. But, because of my start limit on the short, it never really kicked in.

This I like and my success I credit to most of you here on this forum!!! Have learned SOOOO much just being here!!

Will I do this again? Yes, I will but, CAUTIOUSLY!!! Will have to give a few days to get back to a normal blood pressure!
  • #62
  • Oct 25, 2006 2:02pm Oct 25, 2006 2:02pm
I must admit that I was lucky, because before the first up move, the chance to be wrong or correct were 50-50..I guessed based on feeling of the market, but I admit this was luck.

For the retracement, was just a retracement
  • #63
  • Oct 25, 2006 2:05pm Oct 25, 2006 2:05pm
considering the weak up move, I bet more for a downtrend again, soon.

Will see tomorrow.

For today Im done

Bye
  • #64
  • Oct 25, 2006 2:08pm Oct 25, 2006 2:08pm
the NZD rate decision is coming out in 50 min...might cause the same roller-coaster on the NZD/USD pair. I will try to trade that one too with the lessons learned from the FOMC
  • #65
  • Oct 25, 2006 2:09pm Oct 25, 2006 2:09pm
Quoting RvrsTrader
the NZD rate decision is coming out in 50 min...might cause the same roller-coaster on the NZD/USD pair. I will try to trade that one too with the lessons learned from the FOMC
I dont think it will be the same

Bye
  • #66
  • Oct 25, 2006 2:14pm Oct 25, 2006 2:14pm
Quoting RvrsTrader
the NZD rate decision is coming out in 50 min...might cause the same roller-coaster on the NZD/USD pair. I will try to trade that one too with the lessons learned from the FOMC
What lesson !
Charting Markets into the Future...MǎҖ€¥.
  • #67
  • Oct 25, 2006 2:15pm Oct 25, 2006 2:15pm
I wish you success RvrsTrader but, I've had enough "excitement" for one day. I"ll take my time now on the back porch with a cup of fresh coffee and take it easy for the rest of the day!

Best of success to ya!!
  • #68
  • Oct 25, 2006 2:24pm Oct 25, 2006 2:24pm
Quoting RvrsTrader
I am currenty short on GBP/USD at 1.8780 with a limit at 1.8762 to make my stupid losses back.
or double the losses.
  • #69
  • Oct 25, 2006 2:24pm Oct 25, 2006 2:24pm
Quoting trucco
I dont think it will be the same

Bye
The NZD moved 15 pips for FOMC LMAO thats hilarious, its gotto do something at 3 doesnt it?
Ghost Swoopen in for my pips while no one is lookin !!
  • #70
  • Oct 25, 2006 2:26pm Oct 25, 2006 2:26pm
Quoting MaXeY
What lesson !
Just posted in my journal (sig)
  • #71
  • Oct 25, 2006 2:26pm Oct 25, 2006 2:26pm
Quoting BurgerKing
or double the losses.
Amen Burger.
  • #72
  • Oct 25, 2006 2:27pm Oct 25, 2006 2:27pm
Quoting BurgerKing
or double the losses.
Possible...but not likely
  • #73
  • Oct 25, 2006 2:29pm Oct 25, 2006 2:29pm
Quoting RvrsTrader
Possible...but not likely
I know this should be in your journal and all, so forgive me, but lesson number three for you I am predicting is "thou shall not try for revenge from the market".
  • #74
  • Oct 25, 2006 2:37pm Oct 25, 2006 2:37pm
Quoting BurgerKing
or double the losses.
Hey burger do u have charts for the NZD Interest Rate news, i saw your awesome charts for the USA?
Ghost Swoopen in for my pips while no one is lookin !!
  • #75
  • Oct 25, 2006 2:42pm Oct 25, 2006 2:42pm
Quoting twinchell
I know this should be in your journal and all, so forgive me, but lesson number three for you I am predicting is "thou shall not try for revenge from the market".
You're right. I raised my limit on that order to 1.8780 - breakeven
  • #76
  • Oct 25, 2006 2:44pm Oct 25, 2006 2:44pm
Quoting RvrsTrader
You're right. I raised my limit on that order to 1.8780 - breakeven
Well done. It might be a good trade, I really don't know, but the reason for taking the trade was completely wrong. There are many leasons to learn, hell I don't know the half of them, but some can be learned without losing a great deal of money.
  • #77
  • Oct 25, 2006 2:51pm Oct 25, 2006 2:51pm
Traders are basically chopping wood right now, im in long at breakeven havent seen a nice trend run now in a while... market action is pretty weak.
  • #78
  • Oct 25, 2006 3:29pm Oct 25, 2006 3:29pm
Quoting Ghostpipper
The NZD moved 15 pips for FOMC LMAO thats hilarious, its gotto do something at 3 doesnt it?
Hi Ghost,

Im not sure I understand what you mean, but what I meant is that these 2 news have different behaviours.

FOMC is much more move and retracement, remove and re-retracement etc.
  • #79
  • Oct 25, 2006 3:37pm Oct 25, 2006 3:37pm
Quoting trucco
Hi Ghost,

Im not sure I understand what you mean, but what I meant is that these 2 news have different behaviours.

FOMC is much more move and retracement, remove and re-retracement etc.
I was guessing that since there wasnt much movement on the FOMC news for this pair, that when its own interest rate statement came out it would have some nice move
Ghost Swoopen in for my pips while no one is lookin !!
  • #80
  • Oct 25, 2006 3:39pm Oct 25, 2006 3:39pm
Quoting RvrsTrader
You're right. I raised my limit on that order to 1.8780 - breakeven
At the risk of sounding cranky.....what's the point of you telling everyone your trade here and then directing them to your journal?
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