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US GDP - Oct 27

  • #41
  • Oct 27, 2006 8:37am Oct 27, 2006 8:37am
Quoting Ghostpipper
OK i hate MB for news this is ridiculous, i put a limit to short at 9000 and i didnt get filled there goes that 10 pips i just saw go by
ok now they got me in lemme guess now its not going to go down to 8989 right because it already did?
Ghost Swoopen in for my pips while no one is lookin !!
  • #42
  • Oct 27, 2006 8:39am Oct 27, 2006 8:39am
Quoting FXopportunist
Did you see 9000 flash on your platform?
no it was no flash it surpassed it and was at 9002 and was at 8999 for 10 to 15 seconds so i reduced it to 8999 but didnt get me in till 3 or 4 minutes later now, after it already went to 8989 my pt....., who do u use for news trading FX?
Ghost Swoopen in for my pips while no one is lookin !!
  • #43
  • Oct 27, 2006 8:41am Oct 27, 2006 8:41am
Quoting Ghostpipper
ok now they got me in lemme guess now its not going to go down to 8989 right because it already did?
I try not to fade on days when the sentiment and data agree. The pull bakcs have been shallow today too.

You are near some significant levels so you could easily get your 10 but I just don't like today for a fade.
Profit is where readiness meets Opportunity
  • #44
  • Oct 27, 2006 8:44am Oct 27, 2006 8:44am
Quoting FXopportunist
I try not to fade on days when the sentiment and data agree. The pull bakcs have been shallow today too.

You are near some significant levels so you could easily get your 10 but I just don't like today for a fade.
ya, thats understandable, but at 9000 u should get the 10 on a fade but i have a feeling it wants to go higher so i hope i get it before it goes up again......
Ghost Swoopen in for my pips while no one is lookin !!
  • #45
  • Oct 27, 2006 8:45am Oct 27, 2006 8:45am
Quoting FXopportunist
Did you see 9000 flash on your platform?
I shorted it at 1.9001 and got out with +7 pips.
Might try another short if it reaches 1.90 again.
  • #46
  • Oct 27, 2006 8:46am Oct 27, 2006 8:46am
Quoting PipStar
I shorted it at 1.9001 and got out with +7 pips.
Might try another short if it reaches 1.90 again.

whos your broker?
Ghost Swoopen in for my pips while no one is lookin !!
  • #47
  • Oct 27, 2006 8:47am Oct 27, 2006 8:47am
Quoting Ghostpipper
no it was no flash it surpassed it and was at 9002 and was at 8999 for 10 to 15 seconds so i reduced it to 8999 but didnt get me in till 3 or 4 minutes later now, after it already went to 8989 my pt....., who do u use for news trading FX?
I use MB sometimes for data trading but I do it a little differently. I have had fill problems with MB when the data is moving quickly. I am not sure if it is a software or liquidity provider problem. I am working with them for the time being though because I like the company. I think the fills and actuation at OandA is pretty good as long as your trying to straddle. The platform is a pain to me though.

I hope you did well today. Today was too easy for me. One of my favorite strategies is a limt order at 50 % of the spike and it worked too sweet today. I bought the pound at 1.8940. gravy.
Profit is where readiness meets Opportunity
  • #48
  • Oct 27, 2006 8:48am Oct 27, 2006 8:48am
Quoting Ghostpipper
what do u mean touch wood? and what is S/B account, and they just cancelled your order for no reason?
Spreadbet account - their spread doesn't change at news events and they respond quickly to queries though the chat box on the platform... Their system was overloaded that's why my order didn't get filled

What I'm saying is that with so many stories of unfilled orders (even S/B) I can't complain...
  • #49
  • Oct 27, 2006 9:03am Oct 27, 2006 9:03am
Quoting FXopportunist
I try not to fade on days when the sentiment and data agree. The pull bakcs have been shallow today too.

You are near some significant levels so you could easily get your 10 but I just don't like today for a fade.
finally got the 10 pips
Ghost Swoopen in for my pips while no one is lookin !!
  • #50
  • Oct 27, 2006 9:04am Oct 27, 2006 9:04am
Your trade was a super nice swing entry. Alot of the technical stuff says it is time for dollar love next week.
Profit is where readiness meets Opportunity
  • #51
  • Oct 27, 2006 9:09am Oct 27, 2006 9:09am
Quoting FXopportunist
I use MB sometimes for data trading but I do it a little differently. I have had fill problems with MB when the data is moving quickly. I am not sure if it is a software or liquidity provider problem. I am working with them for the time being though because I like the company. I think the fills and actuation at OandA is pretty good as long as your trying to straddle. The platform is a pain to me though.

I hope you did well today. Today was too easy for me. One of my favorite strategies is a limt order at 50 % of the spike and it worked too sweet today. I bought the pound at 1.8940. gravy.
Forgive my ignorence but how can u tell what 50% of the move is? are u talking, u place a limit order after the move happened waiting for it to retrace past 50%of the move hoping for it to go back up and past the original high point? otherwise theres no way to tell what the move is going to be unless u are guessing from past charts!
Ghost Swoopen in for my pips while no one is lookin !!
  • #52
  • Oct 27, 2006 9:11am Oct 27, 2006 9:11am
Quoting FXopportunist
Your trade was a super nice swing entry. Alot of the technical stuff says it is time for dollar love next week.
Im already out of that trade but as long as we dont break 9074 it should be $ love all week long next week technically, correct? I concur
Ghost Swoopen in for my pips while no one is lookin !!
  • #53
  • Oct 27, 2006 9:30am Oct 27, 2006 9:30am
Quote
ANALYSIS Q3 GDP: U.S. ECONOMY GREW AT ITS LOWEST RATE IN THREE YEARS DUE TO A SLUMP IN THE HOUSING SECTOR
- Residential fixed investment, which includes spending on housing, fell 17.4%, representing the largest decline since Q1 1991. This reduced overall GDP by 1.12%.
- Inventory accumulation slowed, rising $50.7 billion versus $53.7 billion in Q2. The deceleration in inventory accumulation took 0.10% off GDP.


Umm.. I cant seem to find the proper English to use here:

"The Housing brougth the GDP Down!
Or was it GDP that brought the House down?"

Either way, its the same!
  • #54
  • Oct 27, 2006 9:41am Oct 27, 2006 9:41am
Quoting BurgerKing
Umm.. I cant seem to find the proper English to use here:

"The Housing brougth the GDP Down!
Or was it GDP that brought the House down?"

Either way, its the same!
Hey Burger do u think we have a technical analasis for $+ next week? mine shows yes
Ghost Swoopen in for my pips while no one is lookin !!
  • #55
  • Oct 27, 2006 9:58am Oct 27, 2006 9:58am
Quoting Ghostpipper
Forgive my ignorence but how can u tell what 50% of the move is? are u talking, u place a limit order after the move happened waiting for it to retrace past 50%of the move hoping for it to go back up and past the original high point? otherwise theres no way to tell what the move is going to be unless u are guessing from past charts!
Yes, exactly. I wait for the initial move to start to retrace. Then I watch the price action when it falls to half of the distance between the pre release price and the high of the spike. If it start to find resistance at 50% I enter.

Check out a 99 tick or 1 minute chart of the pound spike. I entered right at 8940 long.
Profit is where readiness meets Opportunity
  • #56
  • Oct 27, 2006 10:30am Oct 27, 2006 10:30am
Well, there's been a nice 35 pips or so retrace in the last hour on the GBP/USD.
  • #57
  • Oct 27, 2006 10:35am Oct 27, 2006 10:35am
Quoting DePastino
Well, there's been a nice 35 pips or so retrace in the last hour on the GBP/USD.
iu know i was going to place a short at 8990 and i walked away for 30 minutes because its strained my eyes this morn and damn thats crappy , not sure if im going to now
Ghost Swoopen in for my pips while no one is lookin !!
  • #58
  • Oct 27, 2006 10:44am Oct 27, 2006 10:44am
Quoting Ghostpipper
iu know i was going to place a short at 8990 and i walked away for 30 minutes because its strained my eyes this morn and damn thats crappy , not sure if im going to now
You'll get your second chance
We’ll most likely see another attempt to push higher 9010-40 before finally going down again. imho
  • #59
  • Oct 27, 2006 10:51am Oct 27, 2006 10:51am
Quoting raczekfx
You'll get your second chance
We’ll most likely see another attempt to push higher 9010-40 before finally going down again. imho
U think 2day or maybe Sunday night?
Ghost Swoopen in for my pips while no one is lookin !!
  • #60
  • Oct 27, 2006 11:00am Oct 27, 2006 11:00am
Quoting Ghostpipper
whos your broker?
I use several brokers but that GBP short at 1.9001 was with Interbank FX.
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