German import price index came in hot, talk of rates not high enough to contain inflation. Euro open will be interesting. 60 min chart channel will prove interesting with 5730 price level to break.
Hi Will, I know a guy in HK teaching people a way to trade HSI. Maybe you also hear about it. He largely uses PA and candles, trading micro BO after pullback (not necessarily K/R) on 1m, provided that bigger TF like 5m/H1 look good on the same direction. After entry if the price doesn't move quickly in the direction within a short time, he just closes the trade with 1-2 tick profit or tiny stoploss etc. If it moves fast and runs well, he lets it go. He claims there will be a few good trading opportunities in a day, and very likely he can make riskless profit of US400 daily. I have no experience with the HSI, but with its volatility so I hear, it seems to be working, for a tight stop loss and good profit potential. How do you think about it?
Fundamental view on Euro is mixed today... Some analysts say it's probably to go down by June, another - up...
Pipal, Not sure about the BO, since it is so small like 15 or 20 tics on a bad day, rest of the stuffs would work on da HSI, that's what I am using, so it's good to know.. still not very used to the new indicators, and damn, they are bloody fast, LOL. Sense of direction is here, just getting better as the afternoon progress and make one minor mistake, 12 tics includes slippage and it's counter trend.