1KT-Voyage

http://www.forexfactory.com/images/icons/icon14.gif

+15

GBP ~ Industrial Production
0.5% GBP+ <0.2%> -GBP -0.1%

1. 0.2% > 0.8%
   1. Majors
      1. Pound ~ Long
         Yen ~ Short

   2. Crosses
      1. Geppy ~ Long

2. -0.1% > -0.4%
   1. Majors
      1. Pound ~ Short
         Yen ~ Long

   2. Crosses
      1. Geppy ~ Short

GBP ~ Interest Rate Statement
6.00% GBP+ <5.75> -GBP 5.50%

1. 5.57% > 6.00%
   1. Majors
      1. Pound ~ Short
         Yen ~ Long

   2. Crosses
      1. Geppy ~ Short

2. 5.75% < 5.50%
   1. Majors
      1. Pound ~ Long
         Yen ~ Short

   2. Crosses
      1. Geppy ~ Long

http://www.forexfactory.com/images/icons/pound.gif Pound

1. Assian Pivot @ 2.0376
2. Support @ 2.0530
3. Resistance @ ***
4. 4hr ~ Bearish
   1. Bias ~ Bearish

http://www.forexfactory.com/images/icons/yen.gif Yen

1. Assian Pivot @ 110.53
2. Support @ 109.56
3. Resistance @ 111.18
4. 4hr ~ Bullish
   1. Bias ~ Bullish

http://www.forexfactory.com/images/icons/pound.gifhttp://www.forexfactory.com/images/icons/yen.gif Geppy

1. Assian Pivot @ 225.28
2. Support @ 223.66
3. Resistance @ 225.55
4. 4hr ~ Bearish
   1. Bias ~ Bearish

.

http://www.forexfactory.com/images/icons/pound.gif Pound

1. European Pivot @ 2.0328
2. Support @ 2.0523
3. Resistance @ ***
4. 4hr ~ Bearish
   1. Bias ~ Bearish

http://www.forexfactory.com/images/icons/yen.gif Yen

1. European Pivot @ 110.72
2. Support @ 111.17
3. Resistance @ 109.56
4. 4hr ~ Bullish
   1. Bias ~ Bullish

http://www.forexfactory.com/images/icons/pound.gifhttp://www.forexfactory.com/images/icons/yen.gif Geppy

1. European Pivot @ 225.01
2. Support @ 225.59
3. Resistance @ 223.72
4. 4hr ~ Bullish
   1. Bias ~ Bullish

-9

I hate it when the real traders are right by saying... you CAN'T win them all

USD ~ Unemployment Rate
4.6% USD+ <4.8%> -USD -5.0%

1. 4.6% > 4.4%
   1. Majors
      1. Pound ~ Short
         Yen ~ Long

   2. Crosses
      1. Geppy ~ Short

2. 5.0% > 5.2%
   1. Majors
      1. Pound ~ Long
         Yen ~ Short

   2. Crosses
      1. Geppy ~ Long

USD ~ Nonfarm Employment Change
97K USD+ <75K> -USD 53K

1. 97K > 119K
   1. Majors
      1. Pound ~ Short
         Yen ~ Long

   2. Crosses
      1. Geppy ~ Short

2. 53K > 31K
   1. Majors
      1. Pound ~ Long
         Yen ~ Short

   2. Crosses
      1. Geppy ~ Long

USD ~ Consumer Centiment
77.1 USD+ <75> -USD 72.9

1. 77.1 > 79.2
   1. Majors
      1. Pound ~ Short
         Yen ~ Long

   2. Crosses
      1. Geppy ~ Short

2. 72.9 > 70.8
   1. Majors
      1. Pound ~ Long
         Yen ~ Short

   2. Crosses
      1. Geppy ~ Long

+136

Trades for the week of 2007/12/15

+174

Festive Season Trades

+218

Originally from http://www.forexfactory.com/showthread.php?t=54985

I'm not allowed to post there but would like to keep this for myself and check back later... So here goes

Seriously, just because you made a forex trade you are not a trader.

Does your tax return say you are a trader? NO, & don't know if it ever will
Have you ever withdrawn actual profits from your account? NO
Do you have a trading plan? YES
Do you track expenses? YES
Do you record your trades? YES
Do you keep a journal? YES
Do you treat trading like a business? YES
Do you enjoy trading? YES
Do you evaluate your equity curve? YES
Do you properly position size? NO, & don't know if I ever will. When I make a trade I risk what I'm prepared to and ride the gravy train with that... maybe, that is the bit that I still lack then...
Do you use stoplosses? YES
Do you test your ideas before you trade? YES
Are you a student of the market? YES
Do you study and stay proficient in psychology [NO] and self-analysis? YES

GBP ~ Trade Balance
GBP+ <-7.2B> -GBP

1. 6.7B > Geppy ~ Long
2. < 7.7B Geppy ~ Short

GBP ~ Interest Statement
GBP+ <-5.50%> -GBP

1. 5.75% > Geppy ~ Long
2. < 5.25% Geppy ~ Short

USD ~ Unemployment Claims
USD - <340K> USD +

1. 340K > Geppy ~ Long
2. < 340K Geppy ~ Short

[A]-7.4B [F]-7.2B 7.1B [R]-7.4Bhttp://www.forexfactory.com/images/m...us_revised.gif


It came out at 7.4B
The Previous figure of 7.1 was revised to 7.4B and thus the news had a neutral effect on the market and Geppy continued it Bullish trend.

[A] 5.50% [F] 5.50% 5.50%

No change was made to the Interest Rate and that caused the Geppy to continue on its bullish trend, despite the fall it made 1hr prior to the report.

[A] 322K [F] 340K 336K [R]337K

Came out at 322K and was revised, Geppy's rally ended after the Interest Statement and started a downfall which continued after the unemployment claims release. Price broke the Bullish trend line 3 bars (15mins) prior to release

Entering a Short position based on the outcome of the news could have easily netted 25 pips

GBP Industrial Production
Industrial production is a sign of economic strength, if the economy is strong or getting stronger, the currency is most likely strong or getting stronger
GBP+ <0.1> -GBP

1. 0.7 > Geppy ~ Long
2. < -0.5 Geppy ~ Short

USD Trade Balance
Trade balance shows money flow. If an economy is exporting more than it is importing, demand for that economy's currency will increase, wich will increase that cuurency's value
USD - <-59.5B> USD +

1. -51.5B > Geppy ~ Short
2. < -67.5B Geppy ~ Long

USD Price Index
If the prices of imports go up inflasion increases. Higher inflation generally leads to raise of interest rates, which generally increases the value of the currency
USD - <-0.0> USD +

1. 1.8% > Geppy ~ Short
2. < 1.8% Geppy ~ Long

[A] -0.1 [F] 0.1 0.4 [R] 0.5

It only came out at -0.1, the market already adjusted to 0.1 and the deviation was not enough to take action on.

If a trade was taken based on the numbers it would have been to the short side, and as show in the minute chart, it would have not been the right choice to make.

Currently the market is a bit indecisive

USD Trade Balance
[A] 63.1B [F] 59.5B 57.8B


USD Price Index
[A]0.0% [F] 0.0% 2.7% [R] 3.3%

Once again the news had no significant effect on the market and taking a reaction based on the poor news of the USD Trade Balance with indicated a Long position would have been the wrong decision according to the 1min charts

JPY Holiday: Coming of age
The Coming of Age festival is celebrated on the second Monday of January (it used to be celebrated always on January 15 until the year 1999). Its Japanese name is Seijin no hi. All young people who turn twenty years old in that year are celebrated on Seijin no hi. Twenty is the age considered as the beginning of adulthood. It is also the minimum legal age for voting, drinking, and smoking.

GBP PPI Input
The Producer Price Index (PPI) program measures the average change over time in the selling prices received by domestic producers for their output. The prices included in the PPI are from the first commercial transaction for many products and some services. A rising trend has a positive effect on the nation's currency
GBP+ <0.8> -GBP

1. 1.0 > Geppy ~ Long
2. < -0.6 Geppy ~ Short