Chronicle of a Death Foretold ?

Today March 7 2007 European Session: (Live EUR/US Futures)

9:30 GMT +1

Trade 1

1. 9:30 AM (131.30). Price below 36 SMA? (yes) Short (yes)

2. Next news 12:00pm EUR German Factory Orders m/m

3. M2 BB hit? (yes)
M2 RSI oversold? (yes)
Daily pivot hit? (yes). Strong Resistance at SMA 36

Status: Waiting for entry to short

jjrvat
 
Today March 7 2007 European Session: (Live EUR/US Futures) Updated

9:59 GMT +1

End Trade 1 Overview

1. Entry 9:39 AM (131.31).
Price below 36 SMA? (yes) Short (yes)
M2 BB hit? (yes)
M2 RSI overbought? (yes)
Daily pivot hit? (yes). Strong Resistance at SMA 36

2. Exit 9:51 AM (131.23)
8 pips profit

jjrvat
 
(Live EUR/US Futures) Update

10:19 GMT +1

Random comments:

1. The first trade in the morning is the best:

Only Europe and UK open
US close = only few small speculators
No important news
Enough volatility to move the market

2. Next News:

12:00pm : EUR German Factory Orders m/m is expected to support a stroger euro. I will continue looking for shorts. My felling is this news can make the transition from shorts to choppiness until 14:15 ... of course i'll wait for confirmations.

2:15pm: USD ADP Nonfarm Employment Change: It will give me a good preview for friday official Nonfarm Employment Change ....

jjrvat
 
(Live EUR/US Futures) Update

10:31 GMT +1

Random comments:

1. The price didnt break the 131.18 key daily pivot support for a stronger downtrend in the short term.... I think its going to be one last opportunity in the next hour ....

jjrvat
 
(Live EUR/US Futures) Update

10:36 GMT +1

Random comments:

1. M10 MACD divergence ... I need some fundamentals (news) for change in the direction ... one more push to the downside ???

jjrvat
 
Today March 7 2007 European Session: (Live EUR/US Futures)

10:40 GMT +1 (Update Trade 2)

Trade 2

1. 10:40 AM (131.25). Price below 36 SMA? (yes) Short (yes)

2. Next news 12:00pm EUR German Factory Orders m/m

3. M2 BB hit? (very close)
M2 RSI oversold? (very close)
Daily pivot hit? (131.30) and M10 36 SMA (close)

Status: Waiting for entry to short

jjrvat
 
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