On Friday, 05-27-10, at 6:00AM ET the GBP U.K. Distributive Trades Survey report was released as a “stand-alone” report.
The U.K. Distributive Trades Survey is released by The Confederation of British Industry monthly.
I posted a “preview“ of this report. Click here to see what happened.
Here is what was happening this month:
GBP U.K. Distributive Trades Survey Stats:
Previous = 13
Forecast = 13
Actual = -18
Here is how I was set up for this report:
GBP-6-00AM-ET-05-27-10
Looking for 16 difference
Actual > Forecast = Good for GBP
GBP CBI Realized Sales
——actual——–forecast——–previous
_____-18________13__________13
out at 29 or higher – BUY GBP/CHF
out at -03 or lower – SELL GBP/CHF
Bad – “actual” came out lower then “forecast” by 31
Bad – “actual” came out lower then “previous” by 31
I did enter 2 trades this time – currency pair GBP/CHF – both winners!!!
Here are the charts:
(EUR/GBP)
a one minute EUR/GBP chart
This EUR/GBP currency pair ranged for 17 minutes
(EUR/JPY)
a one minute EUR/JPY chart
This EUR/JPY currency pair moved up for 18 minutes about 30 PIPS
Ranged
(EUR/USD)
a one minute EUR/USD chart
This EUR/USD currency pair moved up for 18 minutes about 30 PIPS
Ranged
(GBP/CHF)
a one minute GBP/CHF chart
This GBP/CHF currency pair moved down for 45 minutes about 62 PIPS – right direction
Entered 2 winning trades!
(GBP/JPY)
a one minute GBP/JPY chart
This GBP/JPY currency pair spiked down 1st minute about 10 PIPS - right direction
Moved up for 12 minutes about 32 PIPS – wrong direction
(GBP/USD)
a one minute GBP/USD chart
This GBP/USD currency pair moved down 1st 6 minutes about 12 PIPS – right direction
Moved up for 7 minutes about 34 PIPS – wrong direction
The next time this report is scheduled for release is on Tuesday, 06-29-10 at 6:00 AM ET – possibly a “stand-alone” report again.
I will probably post a “preview” a day or two prior.
Past performances are not an indication of future results
So—Stay tuned!
