same for hog too.. LOL The sucker rally in stock that finished two weeks ago, we see some little drops.. maybe the bigs haven't turn the aircraft carrier arround and go back down the same way up? CF, if you need anything, PM me. .
LOL @ hog... Thanks Will, I'm OK and it's not like I have any problems, just overall atmoshpere is tough...
missed the opportunity to short at 850, 870 area.. didn't see that as a failure after break 5min EMA... tough end to a week..
Funny, same thing here, seems to be the toughest week for me in months, lots of things seem to be going wrong ...
over the course of 5 hours + / - 30 pips EURUSD 1.589775115 1.572613498 Buy USDJPY 103.7931304 101.8968688 Sell GBPUSD 1.992589763 1.97670622 Buy USDCHF 1.028331903 1.012385107 Sell ********EURUSD Heading to 1.64 area**** GBPJPY 205.883458 202.424204 Hold I would sell that at 206 area GBPCHF 2.0383 2.0128 Sell these 2 I am Positioning and keeping for EURCAD Target 1.64 AUDNZD Target 1.1 EURCAD 1.5606 1.5432 Buy AUDNZD 1.2314 1.2155 Sell GL
Today is a great example of why finer charts are better (1min)... 5min is total crap, but when I took a look @ 1min with CCI I have found a lot of setups which would make quite a nice amount of PIB... Definetely need to learn to trade 1min with indicator on it...
I'm not too great yet at interpreting CCI yet CF, could you some examples in the chart, had a look at my own charts, but have to admit I really don't see very much there. Thanks.
cvds, It's hard to say what exactly to look for, cause it's usual stuff and not just something one. Divergences, extreme reading, hooks etc... Actually main benefit of an indicator in my view is that it smoothes and shows PA in slightly different view thus providing additional clues, what is especially useful on very short and noisy timeframes such as 1min... Today I understood yoohoo's words that early entry on the shortest TF is really the safest, cause it gives you some extra pips run and a possibility to make a profit in circumstances which are very hard to trade on higher TFs cause they lag and get you in the trade too late... Hope the attached chart helps.
Also I'd highly recommend to study about CCI at this site (known widely, but linking here just for the case): http://www.trading-naked.com. Especially good is CCI description by Goinglite (BTW, yoohoo's friend who managed to trade such a choppy mkt as ES off 1min chart)...
EUR PMI this @ 3:30 est. Came in cold. Also Japan inflation garnering some attention but no rate change considered. http://www.bloomberg.com/apps/news?pid=20601087&sid=aE_Hs_6uTXM0&refer=home EUR slowdown, will it reduce inflation, kill biz ? The viewpoints will duke it out causing volatility. EURO still the highest rate in the safest environment, slowdown means Trichet can lighten up inflation watch noise.Worldwide slowdown hurts who the most? Who knows, total confusion and indecision as things unfold. Bottom line: nobody knows anything for sure, a traders dream .