Dentalfloss
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yu on the Tandem..?
Trading with point and figure
- Thread starter Dentalfloss
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Dentalfloss
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eurusd has a supp area at 1.0650...could test that
Moneylender
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007 any chance of a chart please. Dow.
Dentalfloss
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Need time...recovering from a long lunch at the Southbank
Moneylender
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Dont worry back home now. took some profit @ 19900 so all happy.
Too many Prosecco's eh?
Moneylender
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Slight over shoot but bouncing nicely!
Moneylender
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Zooming in, remeber 19850-60 area, its still live!
Dentalfloss
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yes...our 19860 pivot marked some time ago.
we got the top....20150 we marked and 20138 hit
excellent results.
we got the top....20150 we marked and 20138 hit
excellent results.
Moneylender
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Morning all, bit early for some, eh!
Nice drop from 19970 to 900 area.
Nice drop from 19970 to 900 area.
Dentalfloss
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that was early....
Morning gents. As I see prosecco has a following in here, a heads up that ASDA currently has some decent offers on it. Martini prosecco was reduced from £11 to £7 and a few other varieties had a few quid knocked off them and were priced from £5-£7.
Dentalfloss
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FTSE
in a poss area for a swing long
in a poss area for a swing long
Dentalfloss
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see that supp area marked....it is quite wide...you want to get in low within that zone
track the latest downmove on 5 min...look for it to burn out and start turning
you should be able to get a tight stop for a swing trade
\if it goes against you...losses are small
that supp area might take a while to sort out
if it gets near to 7K..then bettter
track the latest downmove on 5 min...look for it to burn out and start turning
you should be able to get a tight stop for a swing trade
\if it goes against you...losses are small
that supp area might take a while to sort out
if it gets near to 7K..then bettter
Moneylender
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Follow on from last nights DOW chart. Not quite sure about that green support line below us, will it hold or not? a safer bet would be at the PP in pink, lets see.
Dentalfloss
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DOW
1 month of data
there is a wide area of supp/marked...if you think its goin to tank
1 month of data
there is a wide area of supp/marked...if you think its goin to tank
Dentalfloss
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DAX we got a fake above aqua horizontal...now back in supp for a rethink..lol
Dentalfloss
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dax and dow gave fakes
ftse just bled downwards
ftse just bled downwards
Dentalfloss
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dax and dow have wide supp areas to test during the rethink period
dax down to 11300
could get some fake short term downmoves which should get bought
dax down to 11300
could get some fake short term downmoves which should get bought
Dentalfloss
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- Digesting as expected BoJ and Japan data, awaiting UK monetary and credit
aggregates, Eurozone GDP and CPI, US ECI, Chicago PMI and Consumer
Confidence; UK Article 50 parliamentary debate, Trump Supreme Court
nomination accompany further barrage of corporate earnings; UK 10-yr sale
- Eurozone CPI: sharp rise in French HICP implies headline to rise more
than forecast, some upside risks on core CPI; pressure on ECB rising
- Eurozone GDP: as expected gains in Spain and France point to as forecast
modest acceleration for Eurozone
- UK Consumer Credit: focus on continued unsustainable rise in unsecured debt
- US Consumer Confidence: marginal setback expected after steep rise in
November and December
- US Employment Cost Index: headline seen at unchanged pace for fourth
consecutive quarter, focus on underlying wages and benefits trends
- Charts: Germany INSA opinion polls, France HICP and WTI Oil future
..........................................................................
********************
** EVENTS PREVIEW **
********************
Once the no change BoJ decision has been digested along with its modest forecast upgrades and the slightly better than forecast Production, Spending (still negative) and labour data, the focus turns to the array of Eurozone and national CPI and Q4 GDP data. For the UK, the latest Consumer Credit and Mortgage Lending data requires very close inspection given the current pace of unsecured credit growth, which has been in excess of 10.0% for much of the past year is clearly not sustainable, above all given modest wage growth and rising inflation. The US has the quarterly Employment Cost Index, Consumer Confidence and Chicago PMI, while Canada sees monthly GDP for November. A quieter day for govt bond auctions sees the UK sell 10-yr conventional Gilts, while Apple, Eli Lilly, HCA, Pfizer, Sprint and UPS top a busy day for US corporate earnings. On the political front, the debate on the Article 50 bill commences in the UK's House of Commons, while Trump is scheduled to nominate his pick for the Supreme Court this evening, in amongst whatever else his latest barrage of orders and Tweets may bring. While less likely to garner attention new (as of October 2017) BIS chief Carstens call for major central banks to shed 'unconventional measures' after testing their limits during the crisis years should not be ignored (http://www.reuters.com/article/us-mexico-economy-carstens-idUSKBN15E26W). He did however add that "the exit from the ultra-loose monetary policy of the past years has to be very gradual and it must not put at risk the progress which was achieved so far,"
** Eurozone - Q4 GDP / Jan CPI **
- Yesterday's run of national GDP readings (Spain 0.7% q/q, Lithuania 1.3% q/q, Latvia 0.8% q/q and Belgium 0.4% q/q), a projected 0.5% q/q for Germany and this morning's as expected 0.4% q/q in France fits with projections of 0.4% q/q for the Eurozone as a whole, with a modest upside risk. As for Eurozone CPI, yesterday's marginal miss on HICP has suggested that today's Eurozone provisional CPI might undershoot the expected jump to 1.5% y/y, but a jump in French HICP to 1.6% y/y from December's 0.8% y/y, and expectations of 1.2% y/y, implies that the Eurozone reading is almost certain to overshoot the forecast. Eminently the ECB has made it abundantly clear that it sees the headline rise primarily as an unwind of energy price base effects, and remains disappointed that its policy efforts have thus far failed to establish a clear uptrend in core CPI, which is forecast to remain very subdued at 0.9% y/y, though there may be upside risks on this measure too. Be that as it may, in the German fake news department, the supposed chatter is that if the ECB is to achieve its just below 2.0% target for the Eurozone, then this would see German CPI at 4.0% y/y - complete nonsense of course, but indicative of the mood in Germany.
** U.S.A. - ECI, Consumer Confidence, Chicago PMI **
- There is no doubt that incoming US data will have to spring significant surprises, if it is to be anything more than statistical roadkill relative to Trump policy announcements. The Q4 Employment Cost Index is unlikely to have any impact, if forecasts of yet another unchanged 0.6% q/q are correct, and as much as this implies a rise in the y/y rate to 2.4%, this would still remain below the post-GFC high of 2.6% posted in Q1 2015, and as such will hardly trouble the FOMC. Be that as it may the breakdown between Wages and Benefits will require some attention, though this will be of more significance in the Q1 data, when minimum wage hikes and the rise in health insurance premiums will have an impact. Having jumped nearly 13 points since the election, the Conference Board's Consumer Confidence measure is seen pausing for breath with a modest pullback to 112.5, with the accompanying Labour Differential likely to gain some attention ahead of Friday's Payrolls. The Chicago PMI is expected to rebound to 55.0 after dropping to 53.9 from November's post-election jump to 57.2, and per see fitting with the broad based improvement in manufacturing sector surveys.
from Marc Ostwald
aggregates, Eurozone GDP and CPI, US ECI, Chicago PMI and Consumer
Confidence; UK Article 50 parliamentary debate, Trump Supreme Court
nomination accompany further barrage of corporate earnings; UK 10-yr sale
- Eurozone CPI: sharp rise in French HICP implies headline to rise more
than forecast, some upside risks on core CPI; pressure on ECB rising
- Eurozone GDP: as expected gains in Spain and France point to as forecast
modest acceleration for Eurozone
- UK Consumer Credit: focus on continued unsustainable rise in unsecured debt
- US Consumer Confidence: marginal setback expected after steep rise in
November and December
- US Employment Cost Index: headline seen at unchanged pace for fourth
consecutive quarter, focus on underlying wages and benefits trends
- Charts: Germany INSA opinion polls, France HICP and WTI Oil future
..........................................................................
********************
** EVENTS PREVIEW **
********************
Once the no change BoJ decision has been digested along with its modest forecast upgrades and the slightly better than forecast Production, Spending (still negative) and labour data, the focus turns to the array of Eurozone and national CPI and Q4 GDP data. For the UK, the latest Consumer Credit and Mortgage Lending data requires very close inspection given the current pace of unsecured credit growth, which has been in excess of 10.0% for much of the past year is clearly not sustainable, above all given modest wage growth and rising inflation. The US has the quarterly Employment Cost Index, Consumer Confidence and Chicago PMI, while Canada sees monthly GDP for November. A quieter day for govt bond auctions sees the UK sell 10-yr conventional Gilts, while Apple, Eli Lilly, HCA, Pfizer, Sprint and UPS top a busy day for US corporate earnings. On the political front, the debate on the Article 50 bill commences in the UK's House of Commons, while Trump is scheduled to nominate his pick for the Supreme Court this evening, in amongst whatever else his latest barrage of orders and Tweets may bring. While less likely to garner attention new (as of October 2017) BIS chief Carstens call for major central banks to shed 'unconventional measures' after testing their limits during the crisis years should not be ignored (http://www.reuters.com/article/us-mexico-economy-carstens-idUSKBN15E26W). He did however add that "the exit from the ultra-loose monetary policy of the past years has to be very gradual and it must not put at risk the progress which was achieved so far,"
** Eurozone - Q4 GDP / Jan CPI **
- Yesterday's run of national GDP readings (Spain 0.7% q/q, Lithuania 1.3% q/q, Latvia 0.8% q/q and Belgium 0.4% q/q), a projected 0.5% q/q for Germany and this morning's as expected 0.4% q/q in France fits with projections of 0.4% q/q for the Eurozone as a whole, with a modest upside risk. As for Eurozone CPI, yesterday's marginal miss on HICP has suggested that today's Eurozone provisional CPI might undershoot the expected jump to 1.5% y/y, but a jump in French HICP to 1.6% y/y from December's 0.8% y/y, and expectations of 1.2% y/y, implies that the Eurozone reading is almost certain to overshoot the forecast. Eminently the ECB has made it abundantly clear that it sees the headline rise primarily as an unwind of energy price base effects, and remains disappointed that its policy efforts have thus far failed to establish a clear uptrend in core CPI, which is forecast to remain very subdued at 0.9% y/y, though there may be upside risks on this measure too. Be that as it may, in the German fake news department, the supposed chatter is that if the ECB is to achieve its just below 2.0% target for the Eurozone, then this would see German CPI at 4.0% y/y - complete nonsense of course, but indicative of the mood in Germany.
** U.S.A. - ECI, Consumer Confidence, Chicago PMI **
- There is no doubt that incoming US data will have to spring significant surprises, if it is to be anything more than statistical roadkill relative to Trump policy announcements. The Q4 Employment Cost Index is unlikely to have any impact, if forecasts of yet another unchanged 0.6% q/q are correct, and as much as this implies a rise in the y/y rate to 2.4%, this would still remain below the post-GFC high of 2.6% posted in Q1 2015, and as such will hardly trouble the FOMC. Be that as it may the breakdown between Wages and Benefits will require some attention, though this will be of more significance in the Q1 data, when minimum wage hikes and the rise in health insurance premiums will have an impact. Having jumped nearly 13 points since the election, the Conference Board's Consumer Confidence measure is seen pausing for breath with a modest pullback to 112.5, with the accompanying Labour Differential likely to gain some attention ahead of Friday's Payrolls. The Chicago PMI is expected to rebound to 55.0 after dropping to 53.9 from November's post-election jump to 57.2, and per see fitting with the broad based improvement in manufacturing sector surveys.
from Marc Ostwald
