As expected chop the last 4 hours. if there is not a massive rally at US close, I still keep my upside bias for the japanese open.... jjrvat
9:00 AM Gmt +1 The prediction was right... last night 1 long in the Australian opening and 3 longs during the peak japanese hours...
Today March 6 2007 European Session: (Live EUR/US Futures) Trade 1 1. 9:30 AM (131.34). Price above 36 SMA? (yes) Long? (Yes) 2. Next news at 11:00 AM EUR EUR GDP q/q (r) and EUR Retail Sales m/m 3. M2 BB hit? (No) M2 RSI oversold? (No) Daily pivot hit? (yes). Strong Resistance ??? Status: Waiting for setup to go long jjrvat
Today March 6 2007 European Session: (Live EUR/US Futures) Update Trade 1 1. 10:15 AM (131.21). Price above 36 SMA? (yes) Long? (Yes) 2. Next news at 11:00 AM EUR EUR GDP q/q (r) and EUR Retail Sales m/m 3. M2 BB hit? (yes) M2 RSI oversold? (yes) Daily pivot hit? (No). Status: go long 131.23 jjrvat
I dont like that the closest daily pivot point is far away. Next resistance is the M 10SMA36 at 131.19 Daily pivot hit? (No). Status: waiting for exit jjrvat
Today Eur Session: (LIVE Trade) Summary of Trade 1 Trade 1 1. 10:15 AM (131.21). Price above 36 SMA? (yes) Long? (Yes) 2. Next news at 11:00 AM EUR EUR GDP q/q (r) and EUR Retail Sales m/m 3. M2 BB hit? (yes) M2 RSI oversold? (yes) Daily pivot hit? (No). 4. Go long 131.23 4. 10:33. Price hit 131.29 Again Exit Sell 1 contract. 6 pips profit Why? Too close to news at 11:00 jjrvat
Today Eur Session: (LIVE Trade) 10:48 GMT +1 Random Comments: 1. If the 11:00 AM EUR EUR GDP q/q (r) and EUR Retail Sales m/m news are in favor of a stronger euro or neutral. I am thinking to go long again at 131.20 but only if all the conditions are met. jjrvat