Chronicle of a Death Foretold ?

As expected chop the last 4 hours. if there is not a massive rally at US close, I still keep my upside bias for the japanese open....

jjrvat
 
9:00 AM Gmt +1

The prediction was right... last night 1 long in the Australian opening and 3 longs during the peak japanese hours...
 
Today March 6 2007 European Session: (Live EUR/US Futures)

Trade 1
1. 9:30 AM (131.34). Price above 36 SMA? (yes) Long? (Yes)

2. Next news at 11:00 AM EUR EUR GDP q/q (r) and EUR Retail Sales m/m

3. M2 BB hit? (No)
M2 RSI oversold? (No)
Daily pivot hit? (yes). Strong Resistance ???

Status: Waiting for setup to go long

jjrvat
 
Today March 6 2007 European Session: (Live EUR/US Futures)

Update Trade 1
1. 10:15 AM (131.21). Price above 36 SMA? (yes) Long? (Yes)

2. Next news at 11:00 AM EUR EUR GDP q/q (r) and EUR Retail Sales m/m

3. M2 BB hit? (yes)
M2 RSI oversold? (yes)
Daily pivot hit? (No).

Status: go long 131.23

jjrvat
 
I dont like that the closest daily pivot point is far away. Next resistance is the M 10SMA36 at 131.19
Daily pivot hit? (No).

Status: waiting for exit

jjrvat
 
Today Eur Session: (LIVE Trade)

Summary of Trade 1

Trade 1
1. 10:15 AM (131.21). Price above 36 SMA? (yes) Long? (Yes)

2. Next news at 11:00 AM EUR EUR GDP q/q (r) and EUR Retail Sales m/m

3. M2 BB hit? (yes)
M2 RSI oversold? (yes)
Daily pivot hit? (No).

4. Go long 131.23

4. 10:33. Price hit 131.29 Again Exit
Sell 1 contract. 6 pips profit Why? Too close to news at 11:00

jjrvat
 
Today Eur Session: (LIVE Trade)

10:48 GMT +1

Random Comments:

1. If the 11:00 AM EUR EUR GDP q/q (r) and EUR Retail Sales m/m news are in favor of a stronger euro or neutral. I am thinking to go long again at 131.20 but only if all the conditions are met.

jjrvat
 
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