week 1 - 2007

[pipMonster]

Well the US data came and went this morning without the $ losing much ground to the other majors, cable in particular. Factory Orders were enough to offset the disappointing numbers of the ISM data and surprisingly weak UK consumer confidence data.

We could see further $ gains in this thin market condition before NFP data is released into the wild on Friday. Looks to be plenty of 'clear air' below from the 240-min perspective. I wouldn't be surprised if $ bulls pulled the same trick $ bears used just before the US Thanksgiving holiday. If the $ bulls push price a bit further down and get some decent stops to trigger, there could be a nice little run down to ~9180-9200 area.

[torero]

I agree, looks like another bear flag is at work again, a continuation pattern. Let's see how it does overnight before London opens.

[Anna-Maria]

	Quote:	pipMonster
	We could see further $ gains in this thin market condition before NFP data is released into the wild on Friday. Looks to be plenty of 'clear air' below from the 240-min perspective.

Tokyo sure took advantage again during their shift huh? Driving it down to the 161 small range Fib, which is also a confluence (50%) Fib from the 8830 leg up in Nov to the Dec highs.

Unfortunately, Asia doesn't always play ball so perfectly, but when it does it often behaves pretty good from a tech perspective! Shame we have to sleep No wonder Buk likes this timezone so much!!

[torero]

Yes I missed this one too. I have set alarms in the past for any overnight moves that may happen, unfortunately, most of the time they were short lived moves, especially when London was near.

[torero]

Is this the 2nd chance? Just took a short here and see how it does.

[Anna-Maria]

For me, the optimum trade has been & gone with that chipper move during Tokyo. An hourly inside bar printed at the mornings low + a long legged doji on the 15m has printed at the S1 torero.

I'm not saying it won't drop back, but the sub hourlies look a tad strong to me leading into the London Open?

[Anna-Maria]

I like to see weakness on any retracement (in line with the short trend) if prices have attempted a kickback thru a prev range low, such as y'days low.

The 240m & subsequent swift move back up on the sub hourly was looking quite aggressive into the London shift.

The Tokyo top could well cap it, but with NFP printing later, we might just be in for some consolidation?

[pipMonster]

Ugh. I got stuck for a loss tonight on cable. Unfortunately, I didn't see it the same way as Texxas.

It's upsetting, but I can't win 'em all. I learned something from this trade which is the important part.

[torero]

I gotta start looking at another pair, apparently this has been trading extremely well. I'm going to keep an eye on it more. Need another pair to trade more actively. I've managed to trade 2x a week with GBPUSD. 4-5x seems reasonable, especially at this beautiful move like this one.

[Buk]

	Quote:	texxas
	I like to see weakness on any retracement (in line with the short trend) if prices have attempted a kickback thru a prev range low, such as y'days low. The 240m & subsequent swift move back up on the sub hourly was looking quite aggressive into the London shift.

I'll have my workstation back now you've finished fiddling with it.....where have me wkly-mthly pivots disappeared to?!?

that daily fibo @ 1.9340 has shouldered it this morning, but the Bulls won't require too much encouragement to gun for 61.8 @ 9220 if the payrolls put in a decent showing.........

bout time they ran it up to blow off the dollar short build up......this current level, the mid daily fib, is quite a busy fulcrum zone.....we have some weekly s&r hiding @ 9270-90 & they'll try run it back up there if the wind blows South into early next week..........

otherwise, back thru todays pivot @ 9457 see's us inside the 4hr range again & it's back to 'who shoves hardest'...............