Today March 8 2007 European Session: (Live EUR/US Futures) 10:21 GMT +1 Random Comments 1. Price should hit 131.63 before 11:00 AM gmt +1 otherwise I will rethink my strategy. Status: waiting for setup to go short jjrvat
Today March 8 2007 European Session: (Live EUR/US Futures) 10:54 GMT +1 Trade 1 Cancelled 1. 11:01 AM (131.58). Price below 36 SMA? (yes) Short (yes) 2. Next: 12:00pm EUR German Industrial Production m/m 3. M2 BB hit? (no*) M2 RSI overbought? (no) Daily pivot hit? (131.63) (no). Reason: Never have a signal to go short. Comments: 1. Looking to the past is always easier ... there was a trade to sell at 131.59 (10:24) and buy 131.48 (10:48) but i cant find any fundamental or technical or a chart pattern signal that have make go short. Status: Step aside with a short bias. jjrvat
Today March 8 2007 European Session: (Live EUR/US Futures) 11:06 GMT +1 Random Comments 1. I usually avoid seeing other timeframes but given the lack of signals in the short term ... 2. It seems to be a strong support in M60 SMA 36 at 131.54 .... jjrvat
Today March 8 2007 European Session: (Live EUR/US Futures) 11:32 GMT +1 (Price 131.59 still moving in a 6 point channel the last 1h 1/2) Random Comments 1. The market doesn't want to go anywhere. 2. It's definitively waiting for the 1:45pm EUR Interest Rate Statement (and to less extend the 1:00pm GBP Interest Rate Statement) and specially for the comments of ECB President Trichet at 14:30 2. In this scenarios my system doesnt work at all. Status: step aside jjrvat
Today March 8 2007 US Session: (Live EUR/US Futures) 14:20 GMT +1 Random Comments 1. 1:45pm EUR Interest Rate increase (3.75%) 2. Waiting for comments of ECB President Trichet at 14:30 Status: step aside jjrvat
Today March 8 2007 US Session: (Live EUR/US Futures) 14:37 GMT +1 Random Comments 1. 1:45pm EUR Interest Rate increase (3.75%) 2. USD Unemployment Claims (328K) 3. Waiting for comments of ECB President Trichet at 14:30 Status: Two many news ....step aside jjrvat
Today March 8 2007 US Session: (Live EUR/US Futures) 15:04 GMT +1 UPDATE ECB President Trichet comments "Today decision was unanimous" 1. "Interest increase reflects inflations risks", "Maybe 1 or 2 more hikes to accomodate ... " 2. ECB is going to intervene to ensure price stability .... 3 2008 EU inflation forecast higher (from summer 2007) ...."Conditions in place for solid growht" Random Comments: 1. The suggestion that more interest rates hikes are coming left me with a mixed flavour. I'm not exactly clear about the outcome for the euro. My felling is shorts for the US session, but I'll wait for confirmations. Status: waiting for fundamentals behind the news to settle down. Step aside jjrvat
Today March 8 2007 US Session: (Live EUR/US Futures) 15:18 GMT +1 (131.28) Random Comments: 1. Next daily support point at 131.15 Status: waiting for fundamentals behind the news to settle down. Step aside jjrvat
Today March 8 2007 US Session: (Live EUR/US Futures) 15:30 GMT +1 Random Comment: 1. GPB/USD ... 192.73 WOW... Status: waiting for fundamentals behind the news to settle down. Step aside jjrvat
Today March 8 2007 US Session: (Live EUR/US Futures) 15:35 GMT +1 (131.30) Random Comment: 1. If there is a last push down to the 131.15 Area in the next minutes and a pullback after I'm thinking to start trading for the short side ... Status: waiting for fundamentals behind the news to settle down. Step aside jjrvat