Today March 7 2007 European Session: (Live EUR/US Futures) 9:30 GMT +1 Trade 1 1. 9:30 AM (131.30). Price below 36 SMA? (yes) Short (yes) 2. Next news 12:00pm EUR German Factory Orders m/m 3. M2 BB hit? (yes) M2 RSI oversold? (yes) Daily pivot hit? (yes). Strong Resistance at SMA 36 Status: Waiting for entry to short jjrvat
Today March 7 2007 European Session: (Live EUR/US Futures) Updated 9:59 GMT +1 End Trade 1 Overview 1. Entry 9:39 AM (131.31). Price below 36 SMA? (yes) Short (yes) M2 BB hit? (yes) M2 RSI overbought? (yes) Daily pivot hit? (yes). Strong Resistance at SMA 36 2. Exit 9:51 AM (131.23) 8 pips profit jjrvat
(Live EUR/US Futures) Update 10:19 GMT +1 Random comments: 1. The first trade in the morning is the best: Only Europe and UK open US close = only few small speculators No important news Enough volatility to move the market 2. Next News: 12:00pm : EUR German Factory Orders m/m is expected to support a stroger euro. I will continue looking for shorts. My felling is this news can make the transition from shorts to choppiness until 14:15 ... of course i'll wait for confirmations. 2:15pm: USD ADP Nonfarm Employment Change: It will give me a good preview for friday official Nonfarm Employment Change .... jjrvat
(Live EUR/US Futures) Update 10:31 GMT +1 Random comments: 1. The price didnt break the 131.18 key daily pivot support for a stronger downtrend in the short term.... I think its going to be one last opportunity in the next hour .... jjrvat
(Live EUR/US Futures) Update 10:36 GMT +1 Random comments: 1. M10 MACD divergence ... I need some fundamentals (news) for change in the direction ... one more push to the downside ??? jjrvat
Today March 7 2007 European Session: (Live EUR/US Futures) 10:40 GMT +1 (Update Trade 2) Trade 2 1. 10:40 AM (131.25). Price below 36 SMA? (yes) Short (yes) 2. Next news 12:00pm EUR German Factory Orders m/m 3. M2 BB hit? (very close) M2 RSI oversold? (very close) Daily pivot hit? (131.30) and M10 36 SMA (close) Status: Waiting for entry to short jjrvat