Hi there my friend 
Let's first review what happened on Tuesday.
Well, Tuesday was a great day, at least for me. We had two good trading opportunities.
At 4:30 we had UK CPI. Although recommended safe trigger was +0.2, I also wrote I will try to make a few pips with +0.1 deviation on the headline number. It was meant to be a fast in-and-out. The price moved by over 40 pips but of course there was a higher spread as well. I managed to make between 18 to 25 pips on this report, which is good. I hope you made a few pips too.
Then we had German ZEW coming out. The deviation was pretty good but it was another fast in-and-out type of trade. I made around 15 pips on this report which is pretty good too.
I decided not to trade any of the reports at 8:30 a.m. We did not get any significant deviations either so it would be a no trade anyway. PPI headline deviated by +0.4 but there was completely no reaction; we had triggers set up on the core number anyway.
Let's talk about Wednesday.
Actually there is not much talking. ;-)
1. Wednesday, June 18th, 2008 (4:30 a.m. New York Time) UK
At 4:30 we will have BOE minutes coming out. This can move the market very well but I cannot hook it up with the Secret News Weapon so I never trade it. Because I don't want to provide triggers that I will not be using myself, I will just say to be beware of volatility around this release.
Tomorrow and on Friday we will have great reports coming out so stay tuned!
Thanks,
Crazy Cat
Let's first review what happened on Tuesday.
Well, Tuesday was a great day, at least for me. We had two good trading opportunities.
At 4:30 we had UK CPI. Although recommended safe trigger was +0.2, I also wrote I will try to make a few pips with +0.1 deviation on the headline number. It was meant to be a fast in-and-out. The price moved by over 40 pips but of course there was a higher spread as well. I managed to make between 18 to 25 pips on this report, which is good. I hope you made a few pips too.
Then we had German ZEW coming out. The deviation was pretty good but it was another fast in-and-out type of trade. I made around 15 pips on this report which is pretty good too.
I decided not to trade any of the reports at 8:30 a.m. We did not get any significant deviations either so it would be a no trade anyway. PPI headline deviated by +0.4 but there was completely no reaction; we had triggers set up on the core number anyway.
Let's talk about Wednesday.
Actually there is not much talking. ;-)
1. Wednesday, June 18th, 2008 (4:30 a.m. New York Time) UK
At 4:30 we will have BOE minutes coming out. This can move the market very well but I cannot hook it up with the Secret News Weapon so I never trade it. Because I don't want to provide triggers that I will not be using myself, I will just say to be beware of volatility around this release.
Tomorrow and on Friday we will have great reports coming out so stay tuned!
Thanks,
Crazy Cat