Currency Trading (Nov 20th - Nov 24th)

[trendie]

NB: Please could someone volunteer for starting all future weekly threads for the time being, thanks - trendie

http://www.gftforex.com/resources/calendar/calendar.asp

Date Time * Source Description Forecast Previous
11/20/2006 01:30 AUS ECB Trichet Sidney Press Conference na na
11/20/2006 07:00 JPN October Convenience Store Sales y/y na na
11/20/2006 09:30 UK October M4 Money Supply y/y na 14.5%
11/20/2006 09:30 UK October M4 Sterling Lending y/y na 5.2 B
11/20/2006 09:30 UK October Public Finances na 12.3 B
11/20/2006 09:30 UK October Public Sector Net Borrowing na 6.9 B
11/20/2006 13:30 CAN September Wholesale Sales m/m 0.4% 0.5%
11/20/2006 15:00 US October Leading Indicators 0.3% 0.1%
11/20/2006 21:45 NZ October Visitor Arrivals na -0.3%

11/21/2006 02:00 NZ October Credit Card Spending y/y na 9.1%
11/21/2006 05:00 JPN October BoJ Monetary Policy Meeting Minutes na na
11/21/2006 07:30 AUS ECB's Trichet and RBNZ's Bollard Sydney Press Conference na na
11/21/2006 11:00 UK November CBI Industrial Trends survey na na
11/21/2006 13:30 CAN September Retail Sales m/m 0.2% 1.0%
11/21/2006 13:30 CAN October Leading Indicators m/m 0.3% 0.4%
11/21/2006 22:00 US November 19 ABC Consumer Confidence na na
11/21/2006 23:50 JPN October Merchandise Trade Balance na 419.9 B Yen
11/21/2006 23:50 JPN September All Industry Activity Index m/m na 0.7%

11/22/2006 09:30 UK BoE Minutes na na
11/22/2006 10:00 EU September Industrial New Orders y/y na 14.3%
11/22/2006 12:00 US November 17 MBA Mortgage Applications na na
11/22/2006 12:00 CAN October Consumer Price Index y/y 1.0% 0.7%
11/22/2006 13:30 US November 18 Initial Jobless Claims na na
11/22/2006 13:30 US November 11 Continuing Claims na na
11/22/2006 15:00 US November University of Michigan Confidence 93.0 92.3

11/23/2006 07:00 EU Germany 3Q Gross Domestic Product na 2.4%
11/23/2006 07:00 EU Germany 3Q Government Spending na -0.2%
11/23/2006 07:00 EU Germany 3Q Imports na 0.5%
11/23/2006 07:00 EU Germany 3Q Exports na 0.7%
11/23/2006 09:00 EU September Euro-zone Current Account na -3.9 B
11/23/2006 09:00 EU Germany November IFO Business Climate na 105.3
11/23/2006 09:00 EU Germany November IFO Current Assessment na 111.8
11/23/2006 09:00 EU Germany November IFO Expectations na 99.2
11/23/2006 09:30 UK 3Q Total Business Investment y/y na 4.8%
11/23/2006 21:45 NZ October Exports na 2.82 B
11/23/2006 21:45 NZ October Trade Balance na -587.0 M
11/23/2006 21:45 NZ October Imports na 3.41 B

11/24/2006 09:30 UK 3Q Imports na 3.4%
11/24/2006 09:30 UK 3Q Exports na 4.5%
11/24/2006 09:30 UK 3Q Private Consumption na 0.9%
11/24/2006 09:30 UK 3Q Gross Domestic Product y/y na 2.8%
11/24/2006 09:30 UK 3Q Government Spending na 0.8%

* Times listed are GMT

 

[rav700]

Another Week Another Pip

First of all thanks for starting this thread off Trendie.....

My views for Cable................Do they really count well that is the big question....

This week on cable I still see it being range bound.......I am a bit bullish ie in my opinion I think we will see 9050 atleast and then a move down to 8834 and hence........this is my analysis of range for the week.....

Short term for monday and tuesday based on the hourlies an initial visit to 1.8930 and then a move to break the high of friday at 1.8966 if that happens then with a little bit of resistance through 20 points ie 77 and 84 region we should see a clean move to 1.9050......This will be the decider,
My thoughts we will see plenty of selling at this level so would be shorting this for a longer term trade of about 200 points at this level ie
Short @ 1.9050 ....Target1=1.8950 and Target2=1.8850................

Hence the trades ...............

Trade A: Short@ 1.8954 which is closing for friday...I think
Stop @ 1.8984
Target = 1.8930
Target 2 = 1.8915( I am doubting this will happen though)


Trade B: Long @ 1.8930
Stop @ 1.8915
Target1 = 1.8966
Target2= 1.8984
Target3=1.9050


Trade C: Short@ 1.9050 with a stop ...This is a long term trade hence my stop will be 130 pips which is 1.9180......

My Target = 200 pips
Target 1= 1.8950
Target 2=1.8850

Best of luck to everybody.......I think this week should be an easy one to trade........
(Please note these are my personal trades...... and not orders but I will take these trades if the time and positioning is right.)
Happy Trading Rav
Chow clown and Jacinto let the Pipping begin..Best of luck
:cheesy: :cheesy: :cheesy:

 

[leovirgo]

The more volatile it is .. the bettet it is for my system..

 

[jacinto]

Best of luck to everybody.......I think this week should be an easy one to trade........
(Please note these are my personal trades...... and not orders but I will take these trades if the time and positioning is right.)
Happy Trading Rav
Chow clown and Jacinto let the Pipping begin..Best of luck
:cheesy: :cheesy: :cheesy:

best of luck to you too Rav.

Think I generally agree with your view as the most likely scenario, but still see that there could room for a move up to test the highs.

time will tell. good luck.

Jacinto

 

[rav700]

Hence the trades ...............

Trade A: Short@ 1.8954 which is closing for friday...I think
Stop @ 1.8984
Target = 1.8930
Target 2 = 1.8915( I am doubting this will happen though)


Trade A is on its Way..............................

 

[Baruch]

Stories from the real world:

http://www.bloomberg.com/apps/news?pid=20601083&sid=a0oP8S4otCEU&refer=currency

 

[clarkgrg]

We are at an interesting point

Look for the GBP/USD to run up near 1.9000, from this level it should fall back down near 1.8930. Then the question becomes does it keep going lower or start to break out of the range???

 

[rav700]

Stories from the real world:

http://www.bloomberg.com/apps/news?pid=20601083&sid=a0oP8S4otCEU&refer=currency

What a positive bit of news to start the week baruch

 

[Baruch]

What a positive bit of news to start the week baruch

Here is a new video from your friend Felix:

http://www.forexdiamonds.com/felixvideos/111706_USHousingStarts/111706_USHousingStarts.html

 

[Baruch]

Nice move in GBP/JPY - I suppose it's because Nikkei plunged tonight.

 

[ChowClown]

Morning all,

Oanda orders: long 8965.5, short 8931.2
Capitalspreads orders: long 8965, short 8930

...currently short with CS, not Oanda yet.

 

[rav700]

I have 2 long positions

I have 2 long positions open:
@ 35 stop loss @19
@44 stop loss @19

Dont Ask Why was just a wee bit overconfident......I hope this dont blow on me......

 

[Offshore Trader]

Short triggered at 32.

 

[rav700]

I have 2 long positions open:
@ 35 stop loss @19
@44 stop loss @19

Dont Ask Why was just a wee bit overconfident......I hope this dont blow on me......

Closed both trades for now @ +15 and +7

 

[Baruch]

Nice move in GBP/JPY - I suppose it's because Nikkei plunged tonight.

And this:

http://www.bloomberg.com/apps/news?pid=20601083&sid=avdWiroTsQ9w&refer=currency

 

[jacinto]

pennant?

pennant anyone? if so,measured target 9050

 

[Offshore Trader]

Closed my short for -30. Not a great start to the week

 

[ChowClown]

Morning all,

Oanda orders: long 8965.5, short 8931.2
Capitalspreads orders: long 8965, short 8930

...currently short with CS, not Oanda yet.

-30 on CS, thankfully only testing with small stakes. Only a pip or so between the order levels derived from their respective charts, but with significantly different outcomes - swings and roundabouts maybe in the long term.

 

[ChowClown]

-30 on CS, thankfully only testing with small stakes. Only a pip or so between the order levels derived from their respective charts, but with significantly different outcomes - swings and roundabouts maybe in the long term.

Now long both Oanda/CS, 65.5 and 65.

 

[jacinto]

pennant anyone? if so,measured target 9050

first target 1.90 (61% extension)