Baruch's Forex System Journal

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Quote from rax:

hi all,
what do you think will be the reactions to the data today?

we have at 8:30

- retail sales
- initial jobless claims
- ppi

and then later mr greenspan speaking.

i think the news will point to more inflation/rate hike.
that should be a long usd signal.
maybe in eurusd the low at 1,175x will be broken if the data is looking like inflation very much.

im still short eurusd @ 1,1900
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Hi,

Maybe this:

3 strong numbers: A 200 pips dollar rally.
2 strong numbers: A 100 pips dollar rally.
1 strong number: Nothing
3 or 2 weak numbers: A euro rally.

But remember the numbers was very strong the last time.
 
Quote from Baruch:

Hi,

Maybe this:

3 strong numbers: A 200 pips dollar rally.
2 strong numbers: A 100 pips dollar rally.
1 strong number: Nothing
3 or 2 weak numbers: A euro rally.

But remember the numbers was very strong the last time.
More...

a 200 pips rally sounds great to me!

baruch how will you position yourself?
play the dollar rally before the news?
 
Quote from SethArb:

not really a huge reaction

to the numbers .... new lows then perhaps 50 pips higher

now retracing that move in euro ?
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really not much going on in eurusd.
i will stay on the short side.
 
Quote from Baruch:

Hi,

Maybe this:

3 strong numbers: A 200 pips dollar rally.
2 strong numbers: A 100 pips dollar rally.
1 strong number: Nothing
3 or 2 weak numbers: A euro rally.

But remember the numbers was very strong the last time.
More...

Well, we saw 1 strong number - and nothing...
 
Quote from rax:

the eurusd seems to be asleep.
baruch, are you in the market?
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ZZZZZZZZZZZZZ...No. Are you? Are you also trading the indexes?

P.S. The strong number was PPI, but that was because of energy, and we all knew that would happen.
 
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