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Nov 16's US CPI

  • #21
  • Nov 16, 2006 7:18am Nov 16, 2006 7:18am
Not an easy one for me to pick pre-data.I may be playing Price action after this release.
Profit is where readiness meets Opportunity
  • #22
  • Nov 16, 2006 7:25am Nov 16, 2006 7:25am
Could anyone tell me what is price action system, i heard it from Moe and "fxopp" thank you is the there some thread explaining price action system?
  • #23
  • Nov 16, 2006 7:26am Nov 16, 2006 7:26am
shit has change. im loading up, buy gbp/usd at 8:29.50am
If I Go Broke Trying Then I Will die happy.
  • #24
  • Nov 16, 2006 7:32am Nov 16, 2006 7:32am
Quoting Moe
shit has change. im loading up, buy gbp/usd at 8:29.50am
Congrats Moe! Ur d man!!!
  • #25
  • Nov 16, 2006 7:33am Nov 16, 2006 7:33am
Nice call Moe. I bagged a quick +30 on the move up. Didn't want to get greedy and wanted to do a little more analysis, so I jumped out.
  • #26
  • Nov 16, 2006 7:37am Nov 16, 2006 7:37am
Quoting 1Sundevil
Nice call Moe. I bagged a quick +30 on the move up. Didn't want to get greedy and wanted to do a little more analysis, so I jumped out.
34 pips here.
If I Go Broke Trying Then I Will die happy.
  • #27
  • Nov 16, 2006 7:37am Nov 16, 2006 7:37am
Quoting Moe
shit has change. im loading up, buy gbp/usd at 8:29.50am
Moe whats your system?
Ghost Swoopen in for my pips while no one is lookin !!
  • #28
  • Nov 16, 2006 7:40am Nov 16, 2006 7:40am
bought 30 sec before the news
closed with +- 30 pips
x3 lots
  • #29
  • Nov 16, 2006 7:40am Nov 16, 2006 7:40am
For the detail:

http://www.bls.gov/news.release/cpi.nr0.htm
  • #30
  • Nov 16, 2006 7:40am Nov 16, 2006 7:40am
Quoting merlin
yes there is. if manufacturers are paying more for goods (ie high PPI) then they will pass on those price increases to the consumer by raising the price of the goods they sell (ie higher CPI). it also works in reverse with price drops. so in general, PPI is a leading indicator of CPI.
Nice call Merlin ppi was lower so Core CPI was lower, wonder if this is true thru time, im going to go look at Burgers charts
Ghost Swoopen in for my pips while no one is lookin !!
  • #31
  • Nov 16, 2006 7:41am Nov 16, 2006 7:41am
not many buyers, here, will it continue or is that it,
  • #32
  • Nov 16, 2006 7:41am Nov 16, 2006 7:41am
guess thats it, but will wait
  • #33
  • Nov 16, 2006 7:43am Nov 16, 2006 7:43am
Now on to the TIC.. I've never traded that. Any ideas?
  • #34
  • Nov 16, 2006 7:44am Nov 16, 2006 7:44am
If merlin is right about the TIC report, the play was the fade of the CPI
Profit is where readiness meets Opportunity
  • #35
  • Nov 16, 2006 7:45am Nov 16, 2006 7:45am
nearly ten pips of the high! see what happens at 2.00 when us opens
  • #36
  • Nov 16, 2006 7:45am Nov 16, 2006 7:45am
What you mean by fade? I don't do this news stuff too much, but it seems quite interesting.. Been trading only TA for a while.
  • #37
  • Nov 16, 2006 7:46am Nov 16, 2006 7:46am
Quoting FXopportunist
If merlin is right about the TIC report, the play was the fade of the CPI
meaning revenge of the $?.....
  • #38
  • Nov 16, 2006 7:46am Nov 16, 2006 7:46am
Quoting Moe
shit has change. im loading up, buy gbp/usd at 8:29.50am
+30 pips here. Nice job Moe.

Where do I send the commission cheque?
  • #39
  • Nov 16, 2006 7:47am Nov 16, 2006 7:47am
almost time to sell gbp/usd. not sure tho
If I Go Broke Trying Then I Will die happy.
  • #40
  • Nov 16, 2006 7:48am Nov 16, 2006 7:48am
I traded the spike, but got on too late. close to being stopped out on the way back down now (stop 18903).


Good idea while I'm learning to only take small lots.
Will wait and see what happens from here.. But at least if I lose, I won't lose my shirt too.
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