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- TradingWeels replied Apr 2, 2009
Hmmm, lets see... G20, ECB rate decision, and a sleight of other key economic announcements. It's always been an underlying curiosity of mine to know how many people on here actively monitor the fundamentals & accompanying, and how many are pure ...
- TradingWeels replied Mar 18, 2009
That's not lady luck, that's sound common sense. Never trade around big news announcements without proper risk management. Edit; Never trade without proper risk management. And especially never ever trade around big news announcements without ultra ...
- TradingWeels replied Mar 18, 2009
Oh dear! Only the biggest piece of news for the day. US FOMC rate decision.
- TradingWeels replied Mar 18, 2009
Positive US CPI and Current Account Balance data accounts for the upward spike, or at least, its continuation from 12:30 GMT onwards. Next major announcement is the Fed Rate decision at 18:15 GMT
- TradingWeels replied Mar 18, 2009
Sounds like I need to open up some more chart windows! Incidentally, what USD Index do you use? The one I've found only shows daily movements, and an up-to the minute chart would be way more preferable.
- TradingWeels replied Mar 18, 2009
If I may ask, how are you able to tell Pip?
- TradingWeels replied Mar 18, 2009
The Bears are just pacing themselves. UK news was worse than expected this morning. Unfortunately a lot of this was already priced in from around 6:30 GMT, however I expect risk aversion to remain negative throughout the trading day, and with 1.3900 ...
- TradingWeels replied Mar 17, 2009
That was insightful! Post of the day. DOW is looking upbeat. 7300 and climbing.
- TradingWeels replied Mar 17, 2009
Yes, spot on PipL. I have similar expectations of a continuation of the down trend, and looking at the 1H & 4H it is still operating within both bear channels. If equity markets continue to be well supported however, I merely expect the cable to ...
- TradingWeels replied Mar 17, 2009
They have been that way inclined for a while now, and I just get the feeling that all that is needed is the straw that will break the DOW's back. Allegedly some profit taking took place over the early hours of the European session, but there's been ...
- TradingWeels replied Mar 16, 2009
I took an educated punt "long" @ 1.4060, TP 1.4150, SL now at BE. This is supported by continued positivism across both the European & US equity markets, and from a technical perspective a necessary bounce back of the downside of the 4H bull channel ...
- TradingWeels replied Mar 16, 2009
Arvo Terp! My charts are reading ever so slightly different, with the next area of major resistance located at 1.43050 (March 6, High), followed by 1.43800 (Feb 26, High) which also coincides as the Fibonacci 0.764 retracement level following the ...
- TradingWeels replied Mar 13, 2009
Looking at my 1H chart, which is still trading within a bull channel, the party has exactly an hour until it kicks off. Lets hope it's a bear party, and they bring the kegs.
- TradingWeels replied Mar 13, 2009
The FTSE 100, DAX and CAC 40 have dropped between 1.5% to 2.5% in the past 3 hours, and with 15 minutes of trading to go in London, I expect the FTSE to fall further. Whether it is profit taking, or market movement I can't say, what I can say ...
- TradingWeels replied Mar 13, 2009
Interesting. Thanks for posting up those charts PipLand as well as the accompanying commentary.
- TradingWeels replied Mar 13, 2009
I also wonder if the European stock markets will set the precedent, as I've just noticed a fairly large drop in the DAX. Keep an eye on those equity markets traders.
- TradingWeels replied Mar 13, 2009
Here's just a thought, although I have recent history behind me to back up the point. With stock markets set to experience their biggest gains in 20 years by the close of the week, I get the lingering feeling that a lot of traders will look to lock ...
- TradingWeels replied Mar 13, 2009
I just took a short of the 15M bearish candle. Entry @ 1.39720 TP - 1.3900 SL - 1.4025 To support the above, I'm projecting a bounce of the 1H Bull Channel, which corresponds closely with the intra-week .382 Fibo retracement level, and a decline in ...
- TradingWeels replied Mar 13, 2009
Confusion encapsulates it perfectly. It's been 3 hours and I'm still sitting on the sidelines. C'mon coach, put me in!
- TradingWeels replied Mar 13, 2009
The higher than expected CAD unemployment figures have to be paired against the upbeat ride that equity markets are experiencing, the higher price of oil, not to mention that commodity prices have been appreciating of late also. Edit: speeling ...