Baruch's Forex System Journal

Baruch · May 14, 2004

Quote from Baruch:

Jimmy Young has made som good eco news calls before.

Here is his strategy for CPI today:

If:

+ 0.5/ +0.4 Buy USD.
+ 0.1/ 0.0 Sell USD

Profit expectations: 50 pips.

More:

www.eurusdtrader.com

Jimmy Young will not trade CPI - but will buy EUR/USD just before Production (13.15 GMT) and Michigan Confidence (13.50 GMT) expecting a 100 pips move after each number. He thinks both numbers will be weak.

rax · May 14, 2004

closed eurusd short +46

holding short usdchf +53

Baruch · May 14, 2004

In and out with a gain of 49 pips. Waiting for the next number.

rax · May 14, 2004

Quote from Baruch:

In and out with a gain of 49 pips. Waiting for the next number.

good trade!

im glad the number came out as it did for i am long the dax also since half an hour

rax · May 14, 2004

usd reaction seems to be over?

rax · May 14, 2004

closed usdchf short +32

not really the best exit, but still a profit

rax · May 14, 2004

short eurusd at 1,1837

Baruch · May 14, 2004

Quote from Baruch:

In and out with a gain of 49 pips. Waiting for the next number.

Long again in euro. A good number, but the market thinks CPI is more important.

Baruch · May 14, 2004

Quote from Baruch:

Long again in euro. A good number, but the market thinks CPI is more important.

And euro was very oversold.

Baruch · May 14, 2004

Quote from Baruch:

Jimmy Young will not trade CPI - but will buy EUR/USD just before Production (13.15 GMT) and Michigan Confidence (13.50 GMT) expecting a 100 pips move after each number. He thinks both numbers will be weak.

Jimmy went out again with a small loss. No, it's not easy to predict the numbers.