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Chronicle of a Death Foretold ?
- Thread starter jjrvat
- Start date
Today March 8 2007 European Session: (Live EUR/US Futures)
10:54 GMT +1
Trade 1 Cancelled
1. 11:01 AM (131.58). Price below 36 SMA? (yes) Short (yes)
2. Next: 12:00pm EUR German Industrial Production m/m
3. M2 BB hit? (no*)
M2 RSI overbought? (no)
Daily pivot hit? (131.63) (no).
Reason: Never have a signal to go short.
Comments:
1. Looking to the past is always easier ... there was a trade to sell at 131.59 (10:24) and buy 131.48 (10:48) but i cant find any fundamental or technical or a chart pattern signal that have make go short.
Status: Step aside with a short bias.
jjrvat
10:54 GMT +1
Trade 1 Cancelled
1. 11:01 AM (131.58). Price below 36 SMA? (yes) Short (yes)
2. Next: 12:00pm EUR German Industrial Production m/m
3. M2 BB hit? (no*)
M2 RSI overbought? (no)
Daily pivot hit? (131.63) (no).
Reason: Never have a signal to go short.
Comments:
1. Looking to the past is always easier ... there was a trade to sell at 131.59 (10:24) and buy 131.48 (10:48) but i cant find any fundamental or technical or a chart pattern signal that have make go short.
Status: Step aside with a short bias.
jjrvat
Today March 8 2007 European Session: (Live EUR/US Futures)
11:32 GMT +1
(Price 131.59 still moving in a 6 point channel the last 1h 1/2)
Random Comments
1. The market doesn't want to go anywhere.
2. It's definitively waiting for the 1:45pm EUR Interest Rate Statement (and to less extend the 1:00pm GBP Interest Rate Statement) and specially for the comments of ECB President Trichet at 14:30
2. In this scenarios my system doesnt work at all.
Status: step aside
jjrvat
11:32 GMT +1
(Price 131.59 still moving in a 6 point channel the last 1h 1/2)
Random Comments
1. The market doesn't want to go anywhere.
2. It's definitively waiting for the 1:45pm EUR Interest Rate Statement (and to less extend the 1:00pm GBP Interest Rate Statement) and specially for the comments of ECB President Trichet at 14:30
2. In this scenarios my system doesnt work at all.
Status: step aside
jjrvat
Today March 8 2007 US Session: (Live EUR/US Futures)
15:04 GMT +1 UPDATE
ECB President Trichet comments
"Today decision was unanimous"
1. "Interest increase reflects inflations risks", "Maybe 1 or 2 more hikes to accomodate ... "
2. ECB is going to intervene to ensure price stability ....
3 2008 EU inflation forecast higher (from summer 2007) ...."Conditions in place for solid growht"
Random Comments:
1. The suggestion that more interest rates hikes are coming left me with a mixed flavour. I'm not exactly clear about the outcome for the euro. My felling is shorts for the US session, but I'll wait for confirmations.
Status: waiting for fundamentals behind the news to settle down. Step aside
jjrvat
15:04 GMT +1 UPDATE
ECB President Trichet comments
"Today decision was unanimous"
1. "Interest increase reflects inflations risks", "Maybe 1 or 2 more hikes to accomodate ... "
2. ECB is going to intervene to ensure price stability ....
3 2008 EU inflation forecast higher (from summer 2007) ...."Conditions in place for solid growht"
Random Comments:
1. The suggestion that more interest rates hikes are coming left me with a mixed flavour. I'm not exactly clear about the outcome for the euro. My felling is shorts for the US session, but I'll wait for confirmations.
Status: waiting for fundamentals behind the news to settle down. Step aside
jjrvat
Today March 8 2007 US Session: (Live EUR/US Futures)
15:35 GMT +1 (131.30)
Random Comment:
1. If there is a last push down to the 131.15 Area in the next minutes and a pullback after I'm thinking to start trading for the short side ...
Status: waiting for fundamentals behind the news to settle down. Step aside
jjrvat
15:35 GMT +1 (131.30)
Random Comment:
1. If there is a last push down to the 131.15 Area in the next minutes and a pullback after I'm thinking to start trading for the short side ...
Status: waiting for fundamentals behind the news to settle down. Step aside
jjrvat