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Attachments: UK and US Retail Sales later
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UK and US Retail Sales later

  • #21
  • Sep 14, 2006 5:45am Sep 14, 2006 5:45am
Any thoughts on this? Do you think it'll go all the way down 100 pips?
  • #22
  • Sep 14, 2006 5:45am Sep 14, 2006 5:45am
Well US retail trade had whip saw. I went short EUR/USD before the news release. First it went up some then it came down some and I manged to get out of the trade with 3 pips profit. I'll take +3 pips. Ok morning.

How did everyone else fair?
  • #23
  • Sep 14, 2006 5:46am Sep 14, 2006 5:46am
+27 as of now. eek...I'm too excited.
  • #24
  • Sep 14, 2006 5:48am Sep 14, 2006 5:48am
It made sense to me to go short as it was overbought. So I knew I woudn't lose too much even if my luck ran out.
  • #25
  • Sep 14, 2006 5:50am Sep 14, 2006 5:50am
Holy mini whipsaw batman!!! DOwn and up, then down again. I feel bad for straddlers, their heart must be pumping like crazy (i straddled too, but with stop loss). +10 pips (minus 4 for whipsaw= +6 pips). Closed out early at .2705. Now trading retrace!
  • #26
  • Sep 14, 2006 5:51am Sep 14, 2006 5:51am
The price action was a little ugly to begin with - probably created a little pain for straddlers. As Merlin says, it USD +ive.

Its probably the core number against the Bloomberg consensus that's driving the move. I don't have the details but the numbers aren't significantly stronger than expectations so I wouldn;t rule out a retrace.

If my dodgy correlation analysis is right, this will have fuelled EUR/CHF higher.
"Always bet on black"
  • #27
  • Sep 14, 2006 5:58am Sep 14, 2006 5:58am
Looks like a good opportunity to add to my position.
  • #28
  • Sep 14, 2006 6:00am Sep 14, 2006 6:00am
Lost the CHF trade, broke even USD. Live to fight another day I guess.
  • #29
  • Sep 14, 2006 6:07am Sep 14, 2006 6:07am
Straddle and lost -10 at GBP.... The Fade the news Got +25
Charting Markets into the Future...MǎҖ€¥.
  • #30
  • Sep 14, 2006 6:42am Sep 14, 2006 6:42am
Lost twice on my straddle, went long first and then short, only to get stopped out of both trades a few seconds after the entries. Good thing is that all stop losses worked properly and minimized damage.
  • #31
  • Sep 14, 2006 6:54am Sep 14, 2006 6:54am
Yeah, i had my straddle up too, my stop loss made me loss 4 pips, which is good considering there was a whipsaw after the news.

The stop loss only happened (to me) on the long of the EUR/USD, i had the Short up, so i was already down a few pips. I cancled my stop loss for the short because the numbers for US was good, so i kept my position (sold at .2715). Waited a few min, then the pair went down. Closed at .2705. I should have waited a min more, because the price went down to about .2690-3 ish area, but i saw the price at the .2705 position for more than 15 seconds, so it was time to bail. +10-4 (stop loss whipsaw)= +6 at 5 full lots.

Now retrace. Entered at .27015, kept it for more than an hour!! and exited at .2717 with 10 full lots. Making a +16.5!! Retraces are GREAT!!!


Total.

+6; 5 lots
+16.5; 10 lots!

Great day!!
  • #32
  • Sep 14, 2006 7:15am Sep 14, 2006 7:15am
Both IBFX and NorthFinance were slow to accept my LONG Entries, so no long Entries were created.

When the news kicks in, it was going up, so I deleted all Short orders. IBFX removed my short order for 0 loss.

NorthFinance was somewhat SLOW! they did not remove my short order when the pair was going up. It did not remove my order when It was going down and it touched my short. I was doing +3 at this point, tried to close the positon, NF kept delaying and eventually, I ended with 3 pips loss. Nothing big to loose so I live to trade again.

One thing is certain, NF is not the broker for Fade trading. They are slow to act on orders. Its good only for very slow price movements.

Thats life. Retail Sales number was both good and bad so the whipsaw.
  • #33
  • Sep 14, 2006 9:11am Sep 14, 2006 9:11am
Quoting merlin
retail sales says go long the dollar!!!

I think you'll find that it was the import price index that caused the dollar rally. With headline retails a fair bit higher than expected and core retails only 0.1 below traders looked to the import price index and in part jobless as that always comes out first
  • #34
  • Sep 15, 2006 6:46am Sep 15, 2006 6:46am
Something for you to ponder at IBFX cheat:

Entry Order was made:

<table style="width: 99%;" border="0" cellpadding="0" cellspacing="1" width="99%"><tbody><tr><td style="padding: 1.5pt; background: rgb(224, 224, 224) none repeat scroll 0% 50%; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial;" bgcolor="#e0e0e0" nowrap="nowrap">2006.09.14 08:29:27

</td> <td style="padding: 1.5pt; background: rgb(224, 224, 224) none repeat scroll 0% 50%; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial;" bgcolor="#e0e0e0" nowrap="nowrap"> ipaddress

</td> <td style="padding: 1.5pt; background: rgb(224, 224, 224) none repeat scroll 0% 50%; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial;" bgcolor="#e0e0e0" nowrap="nowrap"> 'account#': order buy stop 20.00 GBPUSDm at 1.8792 sl: 1.8782 tp: 1.8812 exp: never

</td> </tr> <tr> <td style="padding: 1.5pt;" nowrap="nowrap"> 2006.09.14 08:29:27

</td> <td style="padding: 1.5pt;" nowrap="nowrap"> ipaddress

</td> <td style="padding: 1.5pt;" nowrap="nowrap"> 'account#': order #XXXXX2, buy stop 20.00 GBPUSDm at 1.8792

</td></tr></tbody></table>
Seconds after 8:30, IBFX server crashed.
by 8:30: GBPUSD moved up. Surely my order should have been filled.
By 8:35:20, price (as monitored over at other brokers), has passed my TP.

No sooner IBFX rebooted and shows me that By 8:35:52, I have removed the order.

<table style="width: 99%;" border="0" cellpadding="0" cellspacing="1" width="99%"><tbody><tr><td style="padding: 1.5pt; background: rgb(224, 224, 224) none repeat scroll 0% 50%; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial;" bgcolor="#e0e0e0" nowrap="nowrap">2006.09.14 08:35:52

</td> <td style="padding: 1.5pt; background: rgb(224, 224, 224) none repeat scroll 0% 50%; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial;" bgcolor="#e0e0e0" nowrap="nowrap"> ipaddress

</td> <td style="padding: 1.5pt; background: rgb(224, 224, 224) none repeat scroll 0% 50%; -moz-background-clip: -moz-initial; -moz-background-origin: -moz-initial; -moz-background-inline-policy: -moz-initial;" bgcolor="#e0e0e0" nowrap="nowrap"> 'account#': delete order #XXXXX2, buy stop 20.00 GBPUSDm at 1.8792

</td> </tr> <tr> <td style="padding: 1.5pt;" nowrap="nowrap"> 2006.09.14 08:35:52

</td> <td style="padding: 1.5pt;" nowrap="nowrap"> ipaddress

</td> <td style="padding: 1.5pt;" nowrap="nowrap"> 'account#': deleted #XXXXX2, buy stop 20.00 GBPUSDm at 1.8792

</td></tr></tbody></table>
How can something that was suppose to be in the market be DELETED?

So convenient of IBFX to claim that I deleted the order.
  • #35
  • Sep 15, 2006 7:17am Sep 15, 2006 7:17am
Quoting BurgerKing
Something for you to ponder at IBFX cheat:

Entry Order was made:

<TABLE style="WIDTH: 99%" cellSpacing=1 cellPadding=0 width="99%" border=0><TBODY><TR><TD style="PADDING-RIGHT: 1.5pt; PADDING-LEFT: 1.5pt; BACKGROUND: rgb(224,224,224) 0% 50%; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 1.5pt; moz-background-clip: -moz-initial; moz-background-origin: -moz-initial; moz-background-inline-policy: -moz-initial" noWrap bgColor=#e0e0e0>2006.09.14 08:29:27



</TD><TD style="PADDING-RIGHT: 1.5pt; PADDING-LEFT: 1.5pt; BACKGROUND: rgb(224,224,224) 0% 50%; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 1.5pt; moz-background-clip: -moz-initial; moz-background-origin: -moz-initial; moz-background-inline-policy: -moz-initial" noWrap bgColor=#e0e0e0>ipaddress



</TD><TD style="PADDING-RIGHT: 1.5pt; PADDING-LEFT: 1.5pt; BACKGROUND: rgb(224,224,224) 0% 50%; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 1.5pt; moz-background-clip: -moz-initial; moz-background-origin: -moz-initial; moz-background-inline-policy: -moz-initial" noWrap bgColor=#e0e0e0>'account#': order buy stop 20.00 GBPUSDm at 1.8792 sl: 1.8782 tp: 1.8812 exp: never



</TD></TR><TR><TD style="PADDING-RIGHT: 1.5pt; PADDING-LEFT: 1.5pt; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 1.5pt" noWrap>2006.09.14 08:29:27



</TD><TD style="PADDING-RIGHT: 1.5pt; PADDING-LEFT: 1.5pt; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 1.5pt" noWrap>ipaddress



</TD><TD style="PADDING-RIGHT: 1.5pt; PADDING-LEFT: 1.5pt; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 1.5pt" noWrap>'account#': order #XXXXX2, buy stop 20.00 GBPUSDm at 1.8792



</TD></TR></TBODY></TABLE>
Seconds after 8:30, IBFX server crashed.
by 8:30: GBPUSD moved up. Surely my order should have been filled.
By 8:35:20, price (as monitored over at other brokers), has passed my TP.

No sooner IBFX rebooted and shows me that By 8:35:52, I have removed the order.

<TABLE style="WIDTH: 99%" cellSpacing=1 cellPadding=0 width="99%" border=0><TBODY><TR><TD style="PADDING-RIGHT: 1.5pt; PADDING-LEFT: 1.5pt; BACKGROUND: rgb(224,224,224) 0% 50%; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 1.5pt; moz-background-clip: -moz-initial; moz-background-origin: -moz-initial; moz-background-inline-policy: -moz-initial" noWrap bgColor=#e0e0e0>2006.09.14 08:35:52



</TD><TD style="PADDING-RIGHT: 1.5pt; PADDING-LEFT: 1.5pt; BACKGROUND: rgb(224,224,224) 0% 50%; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 1.5pt; moz-background-clip: -moz-initial; moz-background-origin: -moz-initial; moz-background-inline-policy: -moz-initial" noWrap bgColor=#e0e0e0>ipaddress



</TD><TD style="PADDING-RIGHT: 1.5pt; PADDING-LEFT: 1.5pt; BACKGROUND: rgb(224,224,224) 0% 50%; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 1.5pt; moz-background-clip: -moz-initial; moz-background-origin: -moz-initial; moz-background-inline-policy: -moz-initial" noWrap bgColor=#e0e0e0>'account#': delete order #XXXXX2, buy stop 20.00 GBPUSDm at 1.8792



</TD></TR><TR><TD style="PADDING-RIGHT: 1.5pt; PADDING-LEFT: 1.5pt; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 1.5pt" noWrap>2006.09.14 08:35:52



</TD><TD style="PADDING-RIGHT: 1.5pt; PADDING-LEFT: 1.5pt; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 1.5pt" noWrap>ipaddress



</TD><TD style="PADDING-RIGHT: 1.5pt; PADDING-LEFT: 1.5pt; PADDING-BOTTOM: 1.5pt; PADDING-TOP: 1.5pt" noWrap>'account#': deleted #XXXXX2, buy stop 20.00 GBPUSDm at 1.8792



</TD></TR></TBODY></TABLE>
How can something that was suppose to be in the market be DELETED?

So convenient of IBFX to claim that I deleted the order.
Were you using the meta data bot to enter these orders BK??
Profit is where readiness meets Opportunity
  • #36
  • Sep 15, 2006 7:35am Sep 15, 2006 7:35am
yup!
  • #37
  • Sep 15, 2006 7:57am Sep 15, 2006 7:57am
Quoting BurgerKing
yup!
I am quite certain you know way more about that bot than I, but I understand there are settings in that bot that auto cancell orders under certain circumstances such as a time limit or a price limit. You may want to check that out.
Profit is where readiness meets Opportunity
  • #38
  • Last Post: Edited 7:27am Sep 17, 2006 5:27am | Edited 7:27am
Quoting FXopportunist
I am quite certain you know way more about that bot than I, but I understand there are settings in that bot that auto cancell orders under certain circumstances such as a time limit or a price limit. You may want to check that out.
I modified this bot for my own use. The Straddle has no no auto cancel/delete orders. Should I need to cancel an order I do it using another DeletePending bot.

Take note, Their server crashed - no connection and no login. How can I possibly have issued a DELETE earlier that 8:30:10? As a matter of fact, their server official recorded the delete order 8:35:52.

Their numbers clearly contradicts their own explanation. Another HIDDEN RULE favoring the house. Who knows? Perhaps next time, I have a 100 pip winning trade and ended "removed" because I issued a DELETE order 30 days after.
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