At 4:30 am EST the UK will release Retail Sales including gasoline. This has not been tradable for quite a while. A .8 deviation short, in November 2012, quickly turned the other way along with a .5 revision in the same direction. This recent move has made it difficult to select a tradable deviation. It is with caution, that I will set up on GBPUSD with a trigger of 1.0
We got a signal Thursday on Natural Gas and New Zealand CPI. We observed a reasonable spike on the China GDP, but it did not hit the trigger. Here is the trade room chat:
(10:16 AM?) aliafx: hi
(10:16 AM?) aliafx: what is the range of estimates for natural gas
(10:16 AM?) agonzalez: 20
(10:17 AM?) agonzalez: High estimate is -123 bcf
(10:17 AM?) aliafx: and low?
(10:17 AM?) agonzalez: Low estimate is -143 bcf
(10:17 AM?) aliafx: thank you
(10:18 AM?) agonzalez: Median result is -140
(10:21 AM?) PipStar: I have expected as -139, I wonder whats in glen's autoclick for the forecast??
(10:21 AM?) PipStar: y
(10:21 AM?) agonzalez: y
(10:21 AM?) LILUFX: Y
(10:21 AM?) Oligarhs: y
(10:21 AM?) aliafx: y
(10:21 AM?) agonzalez: i have -139 too
(10:22 AM?) PipStar: yes
(10:25 AM?) agonzalez: last week a deviation of -11 caused a very poor reaction
(10:26 AM?) agonzalez: but standard deviation from previous 8 weeks is 5.6
(10:27 AM?) PipStar: yes but both oil and gas reacting poorly lately
(10:27 AM?) PipStar: then again every other news is doing the same
(10:28 AM?) agonzalez: yes i remember oil with a deviation of 10 million barrels
(10:31 AM?) agonzalez: bad fill
(10:32 AM?) LILUFX: 3438 yard
(10:32 AM?) agonzalez: filled at 3.472 and closed with +5 pips
(10:32 AM?) edmon11: 3.472 exness
(10:33 AM?) agonzalez: 4898 milliseconds thats a lot
(10:33 AM?) agonzalez: yes
(10:33 AM?) interpab: 3.442 to 3.471
(10:34 AM?) aliafx: no fill
(10:34 AM?) LILUFX: good
(10:35 AM?) aliafx: ac no got requote
(10:35 AM?) fxinjoy: cme broker fill 3.477 , out 3.489
(10:35 AM?) jjohnson_9: 3-471 reqote iron
(10:36 AM?) jjohnson_9: jap
(10:36 AM?) jjohnson_9: 15 max dev
(10:37 AM?) PipStar: 3.471 for me too
(10:37 AM?) PipStar: did you trade it glen?
(10:38 AM?) PipStar: you can do small lot to start with
(10:39 AM?) edmon11: thanks glenn
(10:39 AM?) LILUFX: Thanks
(10:39 AM?) agonzalez: Thanks Glenn, see you in NZD!
(04:20 PM?) Dzongo61: Hi
(04:20 PM?) Scloneh: Hi
(04:29 PM?) Forexciting: Good afternoon
(04:33 PM?) Escuerzo: hi!
(04:34 PM?) Scloneh: BUY or SELL? what you think?
(04:34 PM?) Forexciting: y
(04:34 PM?) alenalen_3: y
(04:34 PM?) edmon11: y
(04:35 PM?) Montaraz: y
(04:35 PM?) Dzongo61: y
(04:35 PM?) akintinoyea: y
(04:35 PM?) agonzalez: y
(04:36 PM?) cemo3: is 0.2 too risky, it still moved 20-30 pips...
(04:36 PM?) cemo3: yes
(04:36 PM?) Forexciting: 0.3 is OK considering low liquidity at this time of the day!
(04:42 PM?) Forexciting: Glenn, please verify the directions before the news!
(04:42 PM?) Scloneh:
(04:42 PM?) Forexciting: Thanks Glenn
(04:42 PM?) edmon11: reverse the button for euro nzd glenn?
(04:43 PM?) edmon11: ok thanks
(04:46 PM?) agonzalez: yes
(04:46 PM?) ikerinz: good
(04:46 PM?) agonzalez: not the best entry but acceptable
(04:46 PM?) Montaraz: requote
(04:46 PM?) offsummer: requote
(04:47 PM?) agonzalez: filled at0.8403
(04:47 PM?) ikerinz: 40 pips
(04:47 PM?) issteven: exit too early....
(04:47 PM?) agonzalez: with ActivTrades old account
(04:48 PM?) agonzalez: response from broker in 1093 milliseconds
(04:48 PM?) agonzalez: good one
(04:48 PM?) ikerinz: i got 40 pips
(04:49 PM?) Scloneh: 0.8385 on Jiffix
(04:49 PM?) standa: BMF fair fills, FXSOL fair fills
(04:49 PM?) issteven: fxsol trade expires??what that mean
(04:50 PM?) Forexciting: Fxsol filled at 8411, IBFx filled at 8387, Fxcm filled at 8386
(04:50 PM?) kevin7cali: invalid price for me on FXCM
(04:51 PM?) Forexciting: Forex.com invalid price
(04:51 PM?) jjohnson_9: 0,8404 xe
(04:51 PM?) Scloneh: I'm
(04:51 PM?) Scloneh: not at all, 0.8385, stop loss on 0
(04:53 PM?) kevin7cali: Forexciting are you MT4 with FXCM?
(04:54 PM?) kevin7cali: Im mean Forex?
(04:54 PM?) netpay: Glen, what about china GDP?
(04:54 PM?) Escuerzo: XEM filled at 0.84046. Forex.com not trade
(04:54 PM?) Scloneh: I'm out I don't like that level
(04:55 PM?) netpay: ok
(04:55 PM?) treviso67: did NZD go early ?
(04:56 PM?) netpay: let me check forexpeacearmy
(04:57 PM?) treviso67: anyone get in on NZD CPI?
(04:57 PM?) netpay: ok
(04:57 PM?) Forexciting: So first trade of the year, went very well! Hopefully this will be a good year for news trade as fundamentals become more and more relevant
(04:58 PM?) Montaraz: Thanks Glenn, see you tomorrow
(04:58 PM?) Dzongo61: Thank you very much Glenn, bye.
(04:58 PM?) edmon11: thank you glenn
(04:58 PM?) agonzalez: Thanks Glenn, good night all!
(04:58 PM?) Escuerzo: thanks Glenn, bye
(04:58 PM?) Forexciting: I think in the next week we will have some very important GDP trades!
(04:58 PM?) offsummer: thanks
(04:59 PM?) offsummer: good night
(04:59 PM?) Forexciting: Kevin, no it's FXtrading platform at FXCM
Piggyback News Trading: Stand by for Chinese GDP trade information
Piggyback News Trading: Chinese GDP is posted on the blog. Trading AUDUSD with trigger of .3 at 9:00 pm EST (New York Time).
(06:32 PM?) irish_honey: nkln
(06:32 PM?) irish_honey: hello
(08:54 PM?) akintinoyea: hi
(08:58 PM?) akintinoyea: ok
(09:01 PM?) PipStar: 0.2 would be too low i think
(09:01 PM?) PipStar: because retail sales at same time
(09:01 PM?) PipStar: could conflict
(09:02 PM?) PipStar: yeah worth it on 0.3 could be 18-20 pips
(09:02 PM?) PipStar: always same time this
(09:03 PM?) edmon11: thanks glenn
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