Pair: British Pound Futures
Result: Sell
Prior: 0.3% revised to 0.5%
Expected: 0.6%
Actual: -0.1%
I got very bad slippage on this report, I suspect because of my internet connection and computer equipment not being the newest available. I got in very late at 3 seconds after the report and hence got a bad fill. I got in the market at 1.9711 and sold half at 1.9701 for 10 ticks profit, the market then hit my 10 tick stop, however the best offer was at 1.9736 so I got filled there for -25 loss on the second half of the position for a total of -15. The revision ruined this one for me, not much you can do about that in the time given, especially in the futures markets where you can only trade on the best bids and offers at the time you want to trade. In my case the best bid was at 1.9711 when I wanted to sell and when I wanted to get out the best offer was 1.9736.
October 2, 2007 at 12:04 |
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Cheers
Marko Fando