Boomed! - Just bought a load of HBOS ...

[Moscow Mule]

Now in +ve territory, + 50 points on my buy price, but back to phone only.

[HairyArsedBloke]

Nearly forgot, yes your right HAB, it was Fed day which is almost as bad as non farm payroll day in terms of volatility.

At least with the jobs data it is released before the start of trading and there is an indicator the day before. With fed day it gets released roughly around 13:15, so all morning the market bounces around going nowhere and then goes wacky at the time of announcement. I gave up trading fed day years ago.

[sasguru]

At least with the jobs data it is released before the start of trading and there is an indicator the day before. With fed day it gets released roughly around 13:15, so all morning the market bounces around going nowhere and then goes wacky at the time of announcement. I gave up trading fed day years ago.

Any black swan event has more significance than fed day. Most of Halifax are small investors and they fact that they would panic was completely predictable. But yes I was lucky ...

[SantaClaus]

At least with the jobs data it is released before the start of trading and there is an indicator the day before. With fed day it gets released roughly around 13:15, so all morning the market bounces around going nowhere and then goes wacky at the time of announcement. I gave up trading fed day years ago.

News releases are just a way for brokers to stop out as many positions as possible. Thats why they always spike prices both way.