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US PPI and Retail Sales at the same time!

  • #41
  • Nov 14, 2006 8:26am Nov 14, 2006 8:26am
as it turned out...a straddle would have been nice...

But I did get in the GBP on the 3rd minute candle and made some nice profit

+20 with 3 lots and +5 with 2 more lots.

Nice trade.


DC
"There is MORE Happiness in giving than receiving"
  • #42
  • Nov 14, 2006 8:28am Nov 14, 2006 8:28am
long 1.9004 exit1.9025
  • #43
  • Nov 14, 2006 8:28am Nov 14, 2006 8:28am
Straddle this one.... for +38

IBFX Widen 13pips, My short hit -10

Total: +28
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Charting Markets into the Future...MǎҖ€¥.
  • #44
  • Nov 14, 2006 8:40am Nov 14, 2006 8:40am
good time to fade that shit.
  • #45
  • Nov 14, 2006 9:06am Nov 14, 2006 9:06am
wow back to where we started from after that nice move...... What does that mean?
Ghost Swoopen in for my pips while no one is lookin !!
  • #46
  • Nov 14, 2006 9:12am Nov 14, 2006 9:12am
The cable failed to breach the high right after the data this time the market will drop breaking the low as of this time...
  • #47
  • Nov 14, 2006 9:13am Nov 14, 2006 9:13am
Quoting Ghostpipper
wow back to where we started from after that nice move...... What does that mean?
And here we go another 100 pips in the opposite direction!
  • #48
  • Nov 14, 2006 9:40am Nov 14, 2006 9:40am
Quote
NEW YORK, Nov 14 (Reuters) - The dollar erased losses against the euro after Dow Jones reported that French Prime Minister Dominique de Villepin called for greater collaboration among euro zone monetary authorities on managing the exchange rate.
That might be what sparked it but I think the technical failure at the higher levels was also important. If such a small thing causes such a big decline it seems unlikely the Euro or pound are going much higher.
  • #49
  • Nov 14, 2006 9:45am Nov 14, 2006 9:45am
Hey what do u think of this strategy and has anyone seen this in the past?

1st off the GBP had bad news come out in the overnight session and GBP dropped 100 pips.
2nd big news for $ so maybe thats why GBP didnt go further down and news makes it go in opposite direction, nice move it went 60 pips
3rd then a bit later it goes back to wher it started before that US news ( full reversal) and holds there for a bit
4rth it then breaks another 50 pips downward in same direction as original GBP news
( GBP news must have been pretty important)

The KEY is the 3rd statement it stalled at start of news with that big movement prior, it does another movent with the original GBP news !!

Has anyone seen this at all and could be a nice startegy if seen again?
Ghost Swoopen in for my pips while no one is lookin !!
  • #50
  • Nov 14, 2006 9:59am Nov 14, 2006 9:59am
I recall a few weeks back when the US was getting hit with bad news after bad news, yet it kept getting stronger. Merlin kept making this clear. Could this be the beginning of the same trend? Is the market just looking for dollar strength because it has been so weak for a while?
  • #51
  • Nov 14, 2006 10:02am Nov 14, 2006 10:02am
I am not really sure why it happened. I am glad it did. strong moves like that are just free money. Here is to the rest of the week being filled with crazy strong moves.
Profit is where readiness meets Opportunity
  • #52
  • Nov 14, 2006 10:04am Nov 14, 2006 10:04am
Quoting brick911
I recall a few weeks back when the US was getting hit with bad news after bad news, yet it kept getting stronger. Merlin kept making this clear.
dont get me start on this again...i lost money on that trade

LOL!
Relax and be happy.
  • #53
  • Nov 14, 2006 10:06am Nov 14, 2006 10:06am
Quoting merlin
dont get me start on this again...i lost money on that trade

LOL!
I am surprised to hear you lost on that one merlin. I thought you were in the money. Did you ride it into the red?
Profit is where readiness meets Opportunity
  • #54
  • Nov 14, 2006 10:07am Nov 14, 2006 10:07am
Those moves are only free money with hindsight.
  • #55
  • Nov 14, 2006 10:35am Nov 14, 2006 10:35am
Quoting notouch
Those moves are only free money with hindsight.
LOL

Most of us have gone through that stage notouch. I don't fault you for your skeptisism. Fact is, I do this all day everyday. When the price is moving that hard for no appearant reason, it is often a stellar opportunity as it was for me and many others I am sure. Hopefully you will learn to recognize them quickly enough to profit from them too. I actually only banked 27 pips of it from the short pullback sell on the pound at 1.9068. I was disappointed in myself for not taking the 1.9095 pullback when I first recognized what was happening. There is money to be made here notouch but you will have to be open minded and believe. Negative attitude will bring ngative balances in a hurry for sure.

Good luck!

FXO
Profit is where readiness meets Opportunity
  • #56
  • Nov 14, 2006 10:38am Nov 14, 2006 10:38am
Quoting Moe
time to sell gbp/usd, eur/usd and buy usd/chf
nice job moe!
  • #57
  • Nov 14, 2006 10:40am Nov 14, 2006 10:40am
Quoting 59fender
nice job moe!
That trade probably even outperformed moes expectations. Very nice call.
Profit is where readiness meets Opportunity
  • #58
  • Nov 14, 2006 10:46am Nov 14, 2006 10:46am
Quoting FXopportunist
That trade probably even outperformed moes expectations. Very nice call.
FX u might want to go post a new thread that says anything look at your post number !! EHHHH
Ghost Swoopen in for my pips while no one is lookin !!
  • #59
  • Nov 14, 2006 10:51am Nov 14, 2006 10:51am
Quoting 59fender
nice job moe!
Thax.
If I Go Broke Trying Then I Will die happy.
  • #60
  • Nov 14, 2006 10:52am Nov 14, 2006 10:52am
Quoting Ghostpipper
FX u might want to go post a new thread that says anything look at your post number !! EHHHH
LOL

Did you bank on this one ghost?
Profit is where readiness meets Opportunity
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