Chinook's EUR/USD (E/$)Mumblings

I'm short and I'm planning to hold it until US open. The triple bounce from the 1.2300 area and the upper triangle line might be telling us that the upwards momentum is done for now. I'm expecting a probe of 1.2180-1.2190 area during the European session. This is my bet for now.

Chinook

 

here is the pic.

ofcourse the elliot wave info and completion of the head and shoulders on the daily look fairly convincing for a down movement along with long term trend lines.

 

Could somebody mumble the next number were looking for, loud enough so I can hear it?

Michael B.

PS. It seems like 2:30est every morning the price pops when the GBP, EUR and CHF markets open (you folks already know this, I am just discovering it). I think I can start to understand Forex in a few more months, I just got to get a feel for the the times, by just being here.

 

Michael,
http://www.dailyfx.com/calendar/FXCalendar.html

 

Thanks jbt,

I am printing it and bookmarking...wow

I had to edit my post you replied to, the Europeans start trading at 2:30est, I mean....(embarrassed)

Michael B.

 

Dumb question:

The next report comes from AUD in 5 hrs. Does this have any impact or do traders just go through this?

Michael B.

P.D. I am assuming the Bold print is the important market moving stuff.

 

Hi ES,

Go to this link - it highlights what is important and what not. Next biggie up is the GBP unemployment figures - due in about 40 minutes... Later the US Industrial Production figures are also seen as important.

http://www.aboutforex.com/fundamentals.html

 

So GMT is 7 hrs later than California..pacific time....got it!

You folks could charge money for your knowledge, thanks again...

Michael B.

 

Not sure about California - although here in SA there is no daylight savings time changes - so we are consistenly GMT+2 - i.e. the GBP announcement is at 10:30am our time

 

So were expecting the numbers to be unchanged and not much of a pop?

Michael B.