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UKTrade Balance

  • #1
  • First Post: Aug 8, 2006 2:44pm Aug 8, 2006 2:44pm
Dear all,

please help a news beginner with not enough data.

How many pip is a typical and not typical move UK trade balance capable of doing?

Thank you very much in advance
  • #2
  • Aug 8, 2006 3:08pm Aug 8, 2006 3:08pm
Quoting s5804
Dear all,

please help a news beginner with not enough data.

How many pip is a typical and not typical move UK trade balance capable of doing?

Thank you very much in advance
Search the FF Calendar for last few months for the news you want. Then look up the charts for what typical price movement each one had.
  • #3
  • Aug 8, 2006 3:42pm Aug 8, 2006 3:42pm
forexplayer, thank you very much for your reply.

I would have done this already if it wasn't for Oanda, who has a limit of 500 minutes back in time. Rather big problem when it comes to backtesting.



Would you straddle the UK trade balance?

thx
  • #4
  • Aug 8, 2006 4:05pm Aug 8, 2006 4:05pm
Quoting s5804
forexplayer, thank you very much for your reply.

I would have done this already if it wasn't for Oanda, who has a limit of 500 minutes back in time. Rather big problem when it comes to backtesting.



Would you straddle the UK trade balance?

thx
Oanda is probably the worst broker for charting. You might want to consider any MT4 based platform for the charting with brokers like FXDD , Northfinance etc.

Straddle - Yes.
  • #5
  • Aug 9, 2006 1:57am Aug 9, 2006 1:57am
[quote=forexplayer
Straddle - Yes.[/QUOTE]

And straddle we do. Please spike...

thx
  • #6
  • Aug 9, 2006 2:39am Aug 9, 2006 2:39am
Quote
Originally Posted by s5804
Would you straddle the UK trade balance?

Hi s5840,
straddling this report is ok but you should look at least
for a deviation of +06B / -06B. if the report comes out with
less deviation you should remove your straddle asap.
if the report comes out with a higher deviation then 0,6 B
you can expect a 30 pip + x move.

this is no trade recommendation you are
responsible for yourself and for your trades.

cheers

Frank
  • #7
  • Aug 9, 2006 3:52am Aug 9, 2006 3:52am
Hi Frank,

Where can we check the deviation?

aha
Target: Trading naked.
  • #8
  • Aug 9, 2006 4:07am Aug 9, 2006 4:07am
Frank thanks for your reply.

The straddle went well, only due to my fast trailing stop loss. So came out with 4 pip.

The report came out 6.5B and frorecast was 6.4B only a deviation of 0.1B, but it still generated a move of approx. 25 pip.

Frank, would you mind helping a news beginner, where can I learn more about what deviation is enough to create a spike?

thx
  • #9
  • Aug 9, 2006 4:14am Aug 9, 2006 4:14am
Quoting s5804
Frank thanks for your reply.

The straddle went well, only due to my fast trailing stop loss. So came out with 4 pip.
Lucky, the spread went to 8 pips with Oanda. What a rip. I'd understand if there really was some volitility on this one.
  • #10
  • Aug 9, 2006 6:03am Aug 9, 2006 6:03am
Quote
Originally Posted by s5804
Frank, would you mind helping a news beginner, where can I learn more about what deviation is enough to create a spike?
no i don't mind i am always willing to help.
but i think your question is allready answered by forexplayer.
just look at the past charts for the past news events and find
out which deviation is enough to move the market by at least
30 pips or more
to check for the deviation you need a news service like trade the news,
bloomberg or reuters.trade the news is the cheepest but not the
fastest and they offer a free trial.

cheers

Frank
  • #11
  • Last Post: Aug 9, 2006 6:37am Aug 9, 2006 6:37am
I think the brokers are smartening up to the news trading craze and is taking advantage of it.



Quoting Keys
Lucky, the spread went to 8 pips with Oanda. What a rip. I'd understand if there really was some volitility on this one.
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