FX-2007: Feb26th > Mar 02nd

[Atilla]

dow giving a good return just about to take some @55

still waiting for cable maybe into close

I'm also short on the SPX from 1455.2. Looking for target of 1444 regions. No stop loss as I think the upside is like kinda non-existent in my book. Perhaps 1465 but no more. SPX is finito. I'd guess the same for the DOW if not for PPT.

GBPUSD looking reasonable. Looks like it's about to test and brake BB on the 10min charts. In the right direction anyway. At 1.9645 will take half profits and let rest continue.

 

[29Investments]

dow giving a good return just about to take some @55

still waiting for cable maybe into close

DC Do you think it could resume upwards once gap closed ? Or are we going to see a major tank !

Naz -ve now so could help pull it down

 

[dc2000]

chasing the rest down to 630 now with a 25 point trailing

 

[29Investments]

There is certaintly an argument for an extended pull back;

Months & months with no correction
Poss war with Iran
Oil Rising
Greenspan predicts recession.
etc etc

 

[29Investments]

12652 is Daily Pivot point
12618 S1
12595 S2

 

[dc2000]

DC Do you think it could resume upwards once gap closed ? Or are we going to see a major tank !

Naz -ve now so could help pull it down

looking for some upside once 630 hit sould be in next 5 mins

 

[hornblower]

looking at the dow
at what point dose plunge control kick in ?

 

[dc2000]

do you mean at what point is trading halted or when does every MM and his dog start buying?

 

[hornblower]

do you mean at what point is trading halted or when does every MM and his dog start buying?

I seem to remember that the us government put in computer programs
to halt big downward falls
the computer kicked in and keeps buying to slow things down a bit


edit the drop in the dow was on the 85 degree gann line
and that indicates strength

 

[dc2000]

The PPT I believe is there for national emergencies situations but is often blamed for large market movements that are unexplained by news events

 

[dc2000]

thats me done for the day boredom sets in

 

[Atilla]

thats me done for the day boredom sets in

GBPUSD in a tight band between 1.9635 & 1.920.

Oil is falling below $61 so we can expect our 1.9660 to materialise now.

 

[trendie]

a narrow range day, portending a big move tomorrow?

or is it because its Monday?

 

[jacinto]

today I stayed flat.

this is the reason

 

[dc2000]

a narrow range day, portending a big move tomorrow?

or is it because its Monday?

positioning for a large move only thing is current price means I will have to be up early tomorrow

ps are you sure about NFP this week I have it as next week

 

[Offshore Trader]

NFP is March 9th. Have a good evening all....

 

[Atilla]

today I stayed flat.

this is the reason

Interesting chart and nice view. My long term view is $ destined for falls so I see it as consolidation before the lurch forward. Likewise for the Euro.

Doing reasonably well today buying the dips. Sometimes trading these narrow ranges with 10m & 3min charts dare I say is easy money.

Watching the SPX, GBPUSD, OIL and GOLD and they are all bouncing off each other. It's all down to inflation outlook and interest rates.

Oil :arrowu: => GBPUSD :arrowd:
Oil :arrowu: => SPX :arrowd:
$ :arrowd: => GOLD :arrowu:

 

[trendie]

NFP is March 9th. Have a good evening all....

whoops!!
I didnt check.

 

[xx_joray_xx]

hey can anyone show me so material on hans 1 2 3...i have some stuff on the big ben and was wondering what the other trading system you had big haush or something

 

[Priceman]

hey can anyone show me so material on hans 1 2 3...i have some stuff on the big ben and was wondering what the other trading system you had big haush or something

Dunno if it's changed since I got this document but there's loads of stuff on forexfactory (hope the mods don't mind me posting that)