Let's first review what happened today.
At 3:30 a.m. we had German Manufacturing PMI. It came out at 52.3 versus 53.2 expected. This was supposed to be a scalping opportunity for SNW users only because even if it deviates, it does not move a lot. I actually entered short with 5 pips spread and I took a small lost of -3 pips on it. A few people I know got a pip or two but I really blew up this trade because it was easy to get out at BE. As a matter of fact, on some of my positions I had a few pips profit which I eventually closed with such a small loss. I just installed my trading platform on a brand new system, and because everything was not set up in the order I usually had, I just lost control over what I was doing. The move was very little as well, probably because the market wanted to see the IFO data before jumping in. Like I said, this was an opportunity to get a few pips with a relatively small risk so I still think it was worthy a try. After all, -3 pips is not that bad. I made over 15 (fifteen) times more (in $) what I lost on German IFO but this small loss increased my "lost trade" count by 50% since New Year - before that trade I had only two loses in whole 2008, last one in April....
Anyway, 30 minutes later we had German IFO. It was a fantastic trade. Brilliant. Great. Beautiful. Freaking awesome. On some of my positions I took 30 pips of nearly instant profit because my broker was kind enough to let me in with 2 pips spread! I hope you made a GOOD money too. I surely did. Here is where you can learn more about the SNW: The Secret News Weapon
Well, there is nothing interesting coming out tomorrow, Tuesday. I really wish I could scalp off a few pips but I studied all tomorrow's reports and none of them seems to be worthy to take a risk to even scalp a few pips. I don't have any confidence to any of them, and if I don't, then I don't trade, and if I don't trade, I don't recommend either. So wait for my next signal for Wednesday.
Have a good day!
Thanks a lot,
Crazy Cat
At 3:30 a.m. we had German Manufacturing PMI. It came out at 52.3 versus 53.2 expected. This was supposed to be a scalping opportunity for SNW users only because even if it deviates, it does not move a lot. I actually entered short with 5 pips spread and I took a small lost of -3 pips on it. A few people I know got a pip or two but I really blew up this trade because it was easy to get out at BE. As a matter of fact, on some of my positions I had a few pips profit which I eventually closed with such a small loss. I just installed my trading platform on a brand new system, and because everything was not set up in the order I usually had, I just lost control over what I was doing. The move was very little as well, probably because the market wanted to see the IFO data before jumping in. Like I said, this was an opportunity to get a few pips with a relatively small risk so I still think it was worthy a try. After all, -3 pips is not that bad. I made over 15 (fifteen) times more (in $) what I lost on German IFO but this small loss increased my "lost trade" count by 50% since New Year - before that trade I had only two loses in whole 2008, last one in April....
Anyway, 30 minutes later we had German IFO. It was a fantastic trade. Brilliant. Great. Beautiful. Freaking awesome. On some of my positions I took 30 pips of nearly instant profit because my broker was kind enough to let me in with 2 pips spread! I hope you made a GOOD money too. I surely did. Here is where you can learn more about the SNW: The Secret News Weapon
Well, there is nothing interesting coming out tomorrow, Tuesday. I really wish I could scalp off a few pips but I studied all tomorrow's reports and none of them seems to be worthy to take a risk to even scalp a few pips. I don't have any confidence to any of them, and if I don't, then I don't trade, and if I don't trade, I don't recommend either. So wait for my next signal for Wednesday.
Have a good day!
Thanks a lot,
Crazy Cat
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