Posts Tagged ‘ FOMC ’

Wednesday Review

Well I think I know why I was feeling so flat yesterday as I’ve been under the weather with a stomach bug all day. After a terrible night’s sleep I wasn’t too sure if trading was a good idea but as I couldn’t sleep I thought I’d gently ease my way into work. Trading my MA crossover method ( I’ll put this into the strategies page over the next few days) got me off to a good start with 35 pips within two hrs of the start of my day. This certainly brightened up my spirits and when the markets went very quiet for the next few hrs I decided to have a little lie down and got up in time for the ADP NFP. It turned out to be a bit of a wet blanket with GU still firmly stuck in it’s tight range and my hedge trade left me with a small loss of 5 pips.

IQFeed yet again had an outage on TUFXP and this is fast becoming a joke. Complaining to TUFXP is a waste of time as they simply palm me off to IQFeed as it’s their feed. However my main issue is with TUFXP refusing to have an alternative feed, I guess the commissions must be really good! Before the ISM release at 1500 GMT there was a short signal at 1.6507 on GU. The news sent GU low enough to trigger the sell but as of late I’ve been entering all of my TUFXP trades manually and I especially thought this would be wise considering the ISM release spiked in both directions last month and has done on previous occasions also. Thankfully I didn’t enter the trade at any point and I saved myself 25 pips. Sometimes luck is better than skill!

I’m looking forward to the FOMC statement later this evening and fingers crossed I can finish the day off on a positive trade. Tomorrow offers up UK BOE rate and statement and a choc full day of high impact releases.