Retail Sales

Wednesday, December 13, 2006

I was hoping for that negative dollar news so that we could head up to the 3350 area. I really didn't want to go short here, but the number was very pro dollar. 1.0% versus an expect 0.1% is hard to argue with. I ended up getting into the trade on the confirmed break of S1 for the EUR/USD. So I only banked 13 pips. Unfortunately I also gave 3 back when I attempted to re-enter after the 1/8 line and the market stalled at 3200. Oh well, still positive. Hopefully there will be more opportunities to trade as the day progresses. Thats all for now.