Chinook's EUR/USD (E/$)Mumblings

I'm short and I'm planning to hold it until US open. The triple bounce from the 1.2300 area and the upper triangle line might be telling us that the upwards momentum is done for now. I'm expecting a probe of 1.2180-1.2190 area during the European session. This is my bet for now.

Chinook
 

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here is the pic.

ofcourse the elliot wave info and completion of the head and shoulders on the daily look fairly convincing for a down movement along with long term trend lines.
 

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Could somebody mumble the next number were looking for, loud enough so I can hear it?

Michael B.

PS. It seems like 2:30est every morning the price pops when the GBP, EUR and CHF markets open (you folks already know this, I am just discovering it). I think I can start to understand Forex in a few more months, I just got to get a feel for the the times, by just being here.
 
Quote from ElectricSavant:

Could somebody mumble the next number were looking for, loud enough so I can hear it?

Michael B.

PS. It seems like 2:30est every morning the price pops when the JPY and AUD markets open (you folks already know this, I am just discovering it). I think I can start to understand Forex in a few more months, I just got to get a feel for the the times, by just being here.
More...

Michael,
http://www.dailyfx.com/calendar/FXCalendar.html
 
Dumb question:

The next report comes from AUD in 5 hrs. Does this have any impact or do traders just go through this?

Michael B.

P.D. I am assuming the Bold print is the important market moving stuff.
 
So GMT is 7 hrs later than California..pacific time....got it!

You folks could charge money for your knowledge, thanks again...

Michael B.


Quote from csaunders:

Hi ES,

Go to this link - it highlights what is important and what not. Next biggie up is the GBP unemployment figures - due in about 40 minutes... Later the US Industrial Production figures are also seen as important.

http://www.aboutforex.com/fundamentals.html
More...
 
Not sure about California - although here in SA there is no daylight savings time changes - so we are consistenly GMT+2 - i.e. the GBP announcement is at 10:30am our time
 
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