Thursday 4 December 2014

R-0.8: Selling at Demand and Failing to SAR

Quite a good read today despite being in the red.  Fixed mistake early (shorting at demand). Also was figuring what I want to do around major data. Traded it initially like Brooks would (with disregard to it) but it is very choppy so think I will most likely avoid it in the future.  To be clear the only data I will avoid (regard as major) and as such are days off are...
  • BOE IR /policy and ECB IR/policy: fall on first Thursday of month = off
  • US NFPS: fall first Friday of month = off
  • FED IR / policy3rd Wednesday of month = off
  • BOJ IR/policy: happen over night GMT = not an issue
Morning Price Action Note:  condensing PA at the start of the day when MT4 automatically expands it during low volatility actually makes it easier to read. Moves can often look huge and "unlikely" when expanded, where as condensed they can be seen and interpreted with greater clarity.
                                        over-expanded                                        condensed

EU Trades: Actually happy with all of this (inc the mistake at 1) however wish I'd SAR'd 2

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