Ill take a deep monitoring on SFB as well... Looking for any sign at respected fibo level..but still cautious on this.. price should make their way bback into the channel or making a new one..
- #16,521
- Jul 29, 2008 9:39pm Jul 29, 2008 9:39pm
watch for news..Payroll Numbers Unclear, Lehman Brothers Says
We look for the ADP measure of private payroll employment to have declined by 55,000 in July, or by 20,000 less than our forecast for the official BLS count of private payroll growth of -75,000, say the analysts at Lehman Brothers. The gap between the two series has averaged 105,000 in the past six months but fell to just 12,000 in June.
Based on anecdotal evidence reported in this week's Beige Book for the Chicago Fed district, we expect the Chicago NAPM to weaken slightly, with a value of 48.5 for July.
If the Beige Book reports are accurate indicators of the broader regional economy (and the geographical areas covered by the Chicago Fed are not identical to those surveyed by the Chicago NAPM), then we expect the production and new orders components to slip marginally. The employment component should weaken noticeably, while the prices paid component should remain quite elevated - near record levels. Copyright(c) 2008 RealTimeTraders.com, Inc. All Rights Reserved
- #16,525
- Jul 29, 2008 10:57pm Jul 29, 2008 10:57pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
Rise and shineI hop in once a while. I prefer Sell From Bounce... because breakout downside on the daily Uptrend Channel. Ideally... It shoot up until the channel SBR.. then SELL.
T.A.Y.O.R.
- #16,528
- Jul 29, 2008 11:19pm Jul 29, 2008 11:19pm
- | Joined Feb 2008 | Status: FOREX - 10% skills, 90% psychology | 1,000 Posts
A bit sceptical for those pairs to fall very low today without going up much higher first. Play it safe... Moving all SL to 1 pip green from Entry. TP at H4 Channel Support.
T.A.Y.O.R.
- #16,529
- Edited Jul 30, 2008 2:45am Jul 29, 2008 11:37pm | Edited Jul 30, 2008 2:45am
hi guys.
how can we determine wheter the SFB has been triggered
? i`m expecting it somewhere around 38.2/61.8 fibo.i`m still new and thanks for helping.
p/s : sham, thanks for the reply (answer) about the fibo thing, i reworked on it and now i understand.
how can we determine wheter the SFB has been triggered
? i`m expecting it somewhere around 38.2/61.8 fibo.i`m still new and thanks for helping.p/s : sham, thanks for the reply (answer) about the fibo thing, i reworked on it and now i understand.
- #16,530
- Jul 29, 2008 11:44pm Jul 29, 2008 11:44pm
- | Joined Feb 2008 | Status: FOREX - 10% skills, 90% psychology | 1,000 Posts
hi guys.
how can we determine wheter the SBR has been triggered
p/s : sham, thanks for the reply (answer) about the fibo thing, i reworked on it and now i understand.
1) level 61.8, 50.0 and 38.2 is good for price to turn after making retracement. USUALLY
2) CS formation will sometimesdetermine the price are ready to turn.
3) UNUSUAL situation, price will turn without even hit the fibo level.. and this UNUSUALness normally be happened to set a new trend.
I talk based on experience. so the 4th should be experience i guess bro.. D:
- #16,533
- Jul 30, 2008 12:13am Jul 30, 2008 12:13am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
CLOSED all SHORT!!! I am going LONG with tight SL below yesterday Low.
T.A.Y.O.R.
Moving up all SL to 1 pip green. I trade with extra caution today.
- #16,535
- Jul 30, 2008 12:35am Jul 30, 2008 12:35am
- | Joined Feb 2008 | Status: FOREX - 10% skills, 90% psychology | 1,000 Posts
Morning! Still breathing and few pips before hit my Sl..
- #16,537
- Jul 30, 2008 12:39am Jul 30, 2008 12:39am
- | Joined Feb 2008 | Status: FOREX - 10% skills, 90% psychology | 1,000 Posts
hmmmm... let's wait for the hill to build up... while waiting.. time for.. - guess what? yeahh.. kopi time!
Hurmm.. Any kopitiam nearby?
Wheres Wakli, Awie, Sorsurus? Taking Japanese herbs?
