Nice, I occasionally trade a WW, but mostly on a 1 min frame, 5th point provides an excellent entry R:R wise & overall calculation of targets in flag formations seems to be very good. Some will trade flags upon breakout/down of previously established High/Low, WW allows to be in a lot earlier and by doing so narrowing stop loss range. Shame that perfect set-ups do not happen more often. It's one of a few set-ups where I am comfortable trading max size.
the january effect in USD - EUR according to dailyfx's kathy lien the last 10 yrs have shown the following USD performance against the Euro in the first month of the yr http://www.dailyfx.com/story/specia...rts/How_Will_the_US_Dollar_1167413881627.html
Totally agree whit you. And is something else to be consider December Price action....EUR/USD made new High and close lower this is reversal bar pattern....!!!!!
Which EU economic data influences intraday volatility in EURO? I have found a calendar @ ECB's site, just need to know which are the key reports, thanks.
Check out this calandar, the red ones are most important, followed by orange. You scare me asking this question! http://www.forexfactory.com/index.php?page=calendar
Yes, well the December effect was supposed to show USD losses to the Euro and other currencies, but that didn't exactly happen either. Despite "8 out of 10" of the last years. So don't be surprised if this one doesn't shake out either!
1/3/2007 8:48 Symbl Short PT PT Buy EurUSD 1.3463 1.3406 1.3260 1.3237 USDJPY 119.49 119.32 118.13 117.51 GBPUSD 2.0041 1.9914 1.9670 1.9619 USD/CHF 1.2166 1.2158 1.2015 1.1971 for now