[QUOTE=“ILovePizzaMore;512887”]
Short position opened…
<img src=“http://forums.babypips.com/attachment.php?attachmentid=48802”/>[/QUOTE]
Closed manually… $17 profit.
Only trade I have open now is the pesky eurgbp short.
[QUOTE=“ILovePizzaMore;512904”]
Only trade I have open now is the pesky eurgbp short.
[/QUOTE]
Good luck with that! More good GDP figures expected for the pound today.
[QUOTE=“Daz2007;513040”]
Good luck with that! More good GDP figures expected for the pound today.[/QUOTE]
Yeh the eur took a jump on better
[QUOTE=“ILovePizzaMore;513261”]
Yeh the eur took a jump on better then expected employment numbers from Spain… Still a solid GDP from the UK though…
My EURCAD short hit TP last night…
<img src=“301 Moved Permanently”/>[/QUOTE]
I don’t quite understand though, UK GDP results hit the expected target, yet the pound crashed against the dollar when the news was released?
[QUOTE=“Daz2007;513287”]
I don’t quite understand though, UK GDP results hit the expected target, yet the pound crashed against the dollar when the news was released?[/QUOTE
[QUOTE=“ILovePizzaMore;513313”]I’ve got a sell order placed at .9480 on Audcad… 1p pip TP
<img src=“http://forums.babypips.com/attachment.php?attachmentid=48853”/>[/QUOTE]
Position filled…
[QUOTE=“ILovePizzaMore;513294”]
<img src=“301 Moved Permanently”/>
Checkout the run up in price during the few hours BEFORE the release though… It looks to me as if a much better then expected GDP was being priced in before the release… And when the release didn’t meet those expectations the market had to react in the opposite direction… If you ignore that irrational run up before the release… The price right now is the same as it was pre release… Which is what could be expected from a release that matched the forecasted number.
This was a good GDP number… And it’s longer term impact will be supportive of the pound… It’s not necessarily going to fuel more gains… But it will definitely slow future losses.[/QUOTE]
Thanks for the explanation, I need to look out for that in the future. Do you trade any of the yen pairs?
[QUOTE=“Daz2007;513333”]
Thanks for the explanation, I need to look out for that in the future. Do you trade any of the yen pairs?[/QUOTE]
I occasionally trade Yen… It is not one of my favorites though.
[QUOTE=“ILovePizzaMore;513341”]Shorted Eurusd… Details in screenshot
<img src=“http://forums.babypips.com/attachment.php?attachmentid=48858”/>[/QUOTE
Hello, what is this platform, that you are trading at? why don’t you try the zulutrade platform?
Hi Pizza. Can I ask a couple questions about your strategy?
What pairs are you looking at? Or does that even matter?
From your previous posts it looks like you’re mostly interested in the overall monetary policy of the particular country you’re looking at. Are there 2 – 4 overall indicators that are mostly interesting to you such as target inflation? What other ones?
Are you pairing a strong currency with a neutral currency? Or are you pairing a strong currency with a weak currency to increase your odds?
Thanks in advance.
[QUOTE=“Vinster;514268”]Hi Pizza. Can I ask a couple questions about your strategy?
What pairs are you looking at? Or does that even matter?
From your previous posts it looks like you’re mostly interested in the overall to give guidance as to their intentions.
Bloomberg article…
[QUOTE=“Bloomberg;514348”]Unilever Selling First Euro Notes Since 2008 as Yields Decline Unilever (
[QUOTE=“ILovePizzaMore;514348”]Bloomberg article…
In summary… $1 billion of 7 year bonds are being offered by a large euro company… This will be supportive of the euro… The degree of support will depend on how much interest foreign investors have buying these bonds…[/QUOTE]
So you buying the euro?
[QUOTE=“Daz2007;514350”]
So you buying the euro?[/QUOTE