Comments on: Trade deficit.

By: Prudence

Prudence — Sat, 14 Nov 2009 17:39:19 +0000

Correction: I lost 64 pips. I have a question. Things went the other way at 23:00 with USD, NZD, and EUR. That has to mean Asia, right?

By: admin

admin — Sat, 14 Nov 2009 15:24:18 +0000

NZD-JPY was a little hard to take, because the set up was so good. Just doesn’t want to go.

By: Paul

Paul — Sat, 14 Nov 2009 12:15:29 +0000

I got on the NZP/JPY trade and got minorly hosed. Minus 20 pips. But no harm done. Ready for the next one.

By: Prudence

Prudence — Sat, 14 Nov 2009 07:50:04 +0000

It means I picked the wrong direction. It means I was wrong to pick. It means I lost 119 pips.

By: fxguy

fxguy — Sat, 14 Nov 2009 06:12:02 +0000

Trade deficit numbers are by themselves useless. If anything, one should watch for trends and projections. But you are right- other fundies are more important.

By: admin

admin — Sat, 14 Nov 2009 05:09:51 +0000

You didn’t fair so well? What does it mean?

By: Prudence

Prudence — Fri, 13 Nov 2009 18:48:00 +0000

“This chart… doesn’t include today’s price development.”(reversal) I didn’t fare so well.

“Most of the time people have directional bias.”