I'm out... too risky... Parabolic sar just shown the red point.... I thought should at least try to break 108,30... pazienza....
Im short too from top of channel, have 3 targets and I move stops closer as they get to targets.
T1: 107.70 T2: 107.50 T3: 107.08 (Take profit target is this T3 obviously however, I move stops 10 pips behind prior levels as price move so if there is a reversal I get out with minimal loss or some profit.
good luck guys
T1: 107.70 T2: 107.50 T3: 107.08 (Take profit target is this T3 obviously however, I move stops 10 pips behind prior levels as price move so if there is a reversal I get out with minimal loss or some profit.
good luck guys
- #8,868
- Jun 24, 2008 4:38am Jun 24, 2008 4:38am
- | Membership Revoked | Joined Sep 2006 | 1,802 Posts
{Promotion Removed}
Today's Case Schiller Housing Index Could Change Sentiment and Move the Markets if it is BETTER than Consensus !
I am not saying it will be however it will immediately change PERCEPTION but probably not REALITY and it will affect the lines on the Charts !
Technical Traders will think they see the direction clearer now until the Existing and New Home Sales come out later this week very BAD if that is the case to again change Perception back to Reality.
Another REALITY would be the Dow crashing 1000 points when another Bank hits the dust so having a hint about that bank lets you be aware of it before it might happen.
The market will be surprised as always since they are behind the real curve.
That is my view and everyone here is entitled to theirs.
Good Trading To All !!!
as a technical traders i try to avoid using indicators before and after 1 hour of the news....they are useless at that time....
your thread (knowledge is power ) is great and everyone should check it out....
best luck to all...
pip and run ....
- #8,870
- Jun 24, 2008 4:56am Jun 24, 2008 4:56am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Trading Levels with WRBs
- #8,872
- Jun 24, 2008 5:59am Jun 24, 2008 5:59am
- | Membership Revoked | Joined Sep 2006 | 1,802 Posts
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- #8,873
- Jun 24, 2008 6:11am Jun 24, 2008 6:11am
What if it was worse than Consenus, then?
The US Consumer confidence announced later will probably have much more impact on this pair than the housing idex.
The US Consumer confidence announced later will probably have much more impact on this pair than the housing idex.
Today's Case Schiller Housing Index Could Change Sentiment and Move the Markets if it is BETTER than Consensus !
I am not saying it will be however it will immediately change PERCEPTION but probably not REALITY and it will affect the lines on the Charts !
- #8,874
- Edited 6:45am Jun 24, 2008 6:43am | Edited 6:45am
- | Membership Revoked | Joined Sep 2006 | 1,802 Posts
What if it was worse than Consenus, then?
The US Consumer confidence announced later will probably have much more impact on this pair than the housing idex.
Be ready for a surprise just in case the Schiller Number improves or it is BETTER than Consensus which by the way is the most ABSURD of all.
BETTER THAN CONSENSUS MEANS WHAT !!!
Better than what the so called experts think ? They are WRONG at least 50% of the time !
That is how I see it...
Have A Good Trading Day !!!
Bruce
P.S. I Run A Live Trading Thread at "Knowledge Is Power" All are welcome there !!!
{Promotion Removed}
- #8,878
- Jun 24, 2008 9:23am Jun 24, 2008 9:23am
As I expected...
First of all, the Case Schiller comes out at 9:00 AM before the other. If it continues to go down then next month the confidence level will go down. Therefore this is a leading indicator versus a lagging one. The confidence number will be discounted if the Housing Number is BAD !
Be ready for a surprise just in case the Schiller Number improves or it is BETTER than Consensus which by the way is the most ABSURD of all.
BETTER THAN CONSENSUS MEANS WHAT !!!
Better than what the so called experts think ? They are WRONG at least 50% of the time !
That is how I see it...
Have A Good Trading Day !!!
Bruce
P.S. I Run A Live Trading Thread at "Knowledge Is Power" All are welcome there !!!
