Intraday FX Player

[magicdust]

Quote from CFerret:

Daily chart is looking absolutely uncertain to me... Well, world situation is really uncertain (tug of war between ECB and Fed)...

The technical picture still looks up to me, however as you mentioned there are lots of rumblings coming from Europe and the ECB. I guess we might be in for uncertain times...volatility is our friend, though, right?

 

[kalzayani]

USDCHF

Revists 1.0550?


<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1972236>

 

[CFerret]

Magic:

Sure. The main thing for us is to see decent intraday swings... Overall direction is not that important.

 

[baron193]

Yes ideal picture for me is, pullback to 5685ish and then long again to 5770ish....but you know what can happen to these predictions...
It's going to set up for the US news perhaps.

 

[Banjo]

US GDP coming up right now 8:30 est

 

[CFerret]

Long from 33.

 

[Willleung]

Quote from Banjo:

US GDP coming up right now 8:30 est

hi Banjo, found the Crystal Skull yet?

 

[CFerret]

This one went b/e.

 

[Banjo]

http://www.ft.com/cms/s/0/2a1afcee-42e0-11dd-81d0-0000779fd2ac.html

Pay attention to the last paragraph.
FX pairs are like a partially used tube of toothpaste ,squeeze one end , the toothpast moves to the other, it can't get out of the tube, it just moves back and forth as one of the ends is squeezed. The "squeezer" is the participants interpertation of the econ reality which is formed by the econ news. 8:30 est had US econ news releases that effect the dollar valuation. Trichet and Bernanke, what comes out of their mouths controls the flow. Shirakawa is the third force but we don't need to consider that now.

 

[Banjo]

Daily chart, start with the longer TF and work down for a better reality fix. I only trade the futs contract now so had to reconstruct this. There is a defined up channel and has been for 10 days.