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Feelings about CPI

  • #1
  • First Post: Aug 15, 2006 9:16pm Aug 15, 2006 9:16pm
So what's the consensus out there about CPI tomorrow? How are you all gonna trade this?


andersenws
"Youth is the trustee of prosperity." - Benjamin Disraeli
  • #2
  • Aug 15, 2006 9:33pm Aug 15, 2006 9:33pm
Quoting andersenws
So what's the consensus out there about CPI tomorrow? How are you all gonna trade this?


andersenws
Straddle 10 pips away, 10 pips stop, open or 20 pips limit and hope that the broker will not enter you 5 pips above your limit for the spike down to close for a loss.
  • #3
  • Aug 15, 2006 9:47pm Aug 15, 2006 9:47pm
I have no idea what's the consensus is but I will straddle 15 pips away and keep my fingers crossed.
  • #4
  • Aug 15, 2006 10:23pm Aug 15, 2006 10:23pm
Quoting spartan
I have no idea what's the consensus is but I will straddle 15 pips away and keep my fingers crossed.
I do not know much about fundies.I just checked and came to know that consensus is 0.3% for core and 0.4% CPI.
  • #5
  • Aug 15, 2006 10:47pm Aug 15, 2006 10:47pm
Quoting spartan
I have no idea what's the consensus is but I will straddle 15 pips away and keep my fingers crossed.
I do it like spartan & BK here, except I go 20 away and pull both orders of the board if the reaction is a dud.
  • #6
  • Aug 15, 2006 10:58pm Aug 15, 2006 10:58pm
Quoting learningtheropes
I do it like spartan & BK here, except I go 20 away and pull both orders of the board if the reaction is a dud.
Well you won't have to pull too much off the board for the CPI tomorrow; good plan.
  • #7
  • Aug 15, 2006 11:04pm Aug 15, 2006 11:04pm
Quoting MoneyMa$ter
Well you won't have to pull too much off the board for the CPI tomorrow; good plan.
I will give you the $$ report tomorrow around 8:32 am EST

God speed my man....
  • #8
  • Aug 16, 2006 3:44am Aug 16, 2006 3:44am
I usually do the straddle, but I think I'll just go long EURUSD and place a stop and reverse incase the dollar gets strength. I figure it will take a big surprise to prevent the action from PPI from having some "follow-through".
  • #9
  • Aug 16, 2006 5:21am Aug 16, 2006 5:21am
Just woke up..oh good Euro is stable..! ok my take for Euro on the report..whatever....it is showing a lot of resilence..now and strong since yesteday. Only currency showing strength and stability so far. And it is at a critical area which will determine short term Euro direction ...after the bounce last night, it is a good sign for a reversal..and if today a follow thru..that would be the best....I am still in there..it is worth holding for a bit longer..say a swing trade. I say ..stop loss if you are still in there....1.2770...I think it's going up..but honestly i don't care..if I don't end up making money out of this trade, get stop out...I tried...and I think this area would be worth while if you are right.....

buy 1.2795
short 1.2770
  • #10
  • Aug 16, 2006 6:32am Aug 16, 2006 6:32am
judging from the PPI yesterday, CPI will be very weak, which is bad for the dollar. a lot of this has been built in, so i am guessing the market expects CPI core to be near flat. if CPI actually beats expecations (ie > 0.4%), you can be sure the dollar will take off!
Relax and be happy.
  • #11
  • Aug 16, 2006 6:37am Aug 16, 2006 6:37am
the FT thinks the PPI was flawed data. the whole financial world is watching CPI, I expect a huge move.
TRADE FOR SWAP
  • #12
  • Aug 16, 2006 6:38am Aug 16, 2006 6:38am
Quoting Keys
I usually do the straddle, but I think I'll just go long EURUSD and place a stop and reverse incase the dollar gets strength. I figure it will take a big surprise to prevent the action from PPI from having some "follow-through".
For those who use straddling - tell me who is your broker!!!??

Is there still some broker who allow to straddle during news realise????
If you can't solve a problem, it's because you're playing by the rules.
  • #13
  • Aug 16, 2006 7:11am Aug 16, 2006 7:11am
Straddle 10 pips away, 10 pips stop, open or 20 pips limit and hope that the broker will not enter you 5 pips above your limit for the spike down to close for a loss.



can your broker enter you into a trade passed your limmit?
i don`t know but i would have thought that when your limmit was passed so was your trade. any thoughts?
  • #14
  • Aug 16, 2006 7:12am Aug 16, 2006 7:12am
Previous Core CPI was 0.3.

What will happen to USD if Core CPI result is:

0.1
0.2
0.3
0.4
0.5

Can anyone give some market predictions based on the above numbers?
  • #15
  • Aug 16, 2006 7:28am Aug 16, 2006 7:28am
Quoting BurgerKing
Previous Core CPI was 0.3.

What will happen to USD if Core CPI result is:

0.1
0.2
0.3
0.4
0.5

Can anyone give some market predictions based on the above numbers?
1, 2 euro/usd pair up

3, 4 stay out

5 and plus euro usd will come down
  • #16
  • Aug 16, 2006 7:37am Aug 16, 2006 7:37am
Quoting MoneyMa$ter
Well you won't have to pull too much off the board for the CPI tomorrow; good plan.
Just pulled off +31 Long on GBP for the CPI..........................got very lucky with the BOE last nite...........my long entry just missed on initial spike and I took both entries off the board as I watched the GBP hurl intself back down South..............glad I missed that one

Going back to bed for a while.........hope to hear how everyone else has faired....
  • #17
  • Aug 16, 2006 7:38am Aug 16, 2006 7:38am
FXCM LOCK OUT!!!!

Good thing, I have an order at NorthFinance that was filled +30 pips win ($600)!

If trading with FXCM, make sure you have your entry order 5 minutes before the news. Cut off is 5 minutes and I forgot that...!
  • #18
  • Aug 16, 2006 7:40am Aug 16, 2006 7:40am
Holy shit!

My buy got triggered @ 128.07, I had set my SL @ 127.90; and the price touced 127.91 and reversed back from there saving my SL from getting triggered!!!!
  • #19
  • Aug 16, 2006 7:49am Aug 16, 2006 7:49am
Hello!

My first post. I am so happy i found your nicely coloured ecomic calendar

Did my first news straddle on the nfp 2 weeks ago (20pips, i was scared ) and my second today. Got 28pips, which i think is wonerful!!!

See you guys around!
  • #20
  • Aug 16, 2006 7:57am Aug 16, 2006 7:57am
entered EUR long @ 2799 and should have +40 & $400, but my broker's site went down some 15mins ago...
Consistency and patience is everything
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