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right now you have an ahour to prepare for the catfx trading day. what do you like to read in preparation? what is your daily information ritual? all responses welcome!
Hi mcsqueeze, I go here and check out the news.
http://fxtrade.oanda.com/resources/4cast/indexi.shtml
moneyline
Hi Moneyline,
nice study. Additionally for level 1 HistoStepMAStoch should turn colour (before the price crossing or afterwards) --> in your explanation above
- short scene: Histo turns from green to red
- long scene: Histo turns from red to green
mibl
Signals so far...
EURUSD
>09:00cet: Level 4 short @1.2714, made a current low @1.2686 (>09:30cet)
USDCHF
>08:30cet: Level 4 long @1.2255, made a current high @1.2304 (>09:30cet)
GBPUSD
none yet
BTW look back. All these level 4 signals came after a preceeding level 1 yesterday evening after the regular trading time. Level 4's are reentering signals. They always have preceeding signals from the other levels.
In both pairs EURUSD and USDCHF you could see classical TA-flags building out before we had the level 4 signals. So not only regarding catfx it would have been possible to enter a little earlier (about 7 to 10 pips) on the break of the flag.
CET Central European Time
GMT Greenwich mean Time - one hour (-1) less that!
@kiwigold: And thanks for the wordclock.
mibl
Hi Mibl, I noticed those flags too.
8 minutes ago ECB Trichet made a statement and in 8 more minutes the UK Ind Prod m/m comes out.
moneyline
Cable is approximately 20 mins away from a some kind of signal
5/11 02:00 GER Q1 Real GDP q/q - prelim 0.6% 0.0% 0.4%
5/11 04:30 UK Mar Manufacturing Production 0.2% -0.2% 0.7%
5/11 04:30 UK Mar Industrial Production 0.2% -0.3% 0.7%
5/11 05:00 E-12 Q1 GDP q/q 0.6% 0.3% 0.6%
On the surface it seems like pretty good numbers out of UK.
Much news coming out of the US as well 7:30 CST....14:30 CET
Cable is in signal area next 3 minutes.
But regarding the past this kind is a more riskier one. Why?
We are already 100 pips away from the low of the last two hours and we are about 30 pips away from ema50. Both ema's currently show to down direction. Cable is stronger than eurusd and usdchf.
So if you take this be careful and ready to close it early.
mibl
MIBL, I agree... by the time that second candle started to form it spiked down to 1.8612..... its obviously long gone now... See what its looking like when this dust settles.
Cable is in signal area next 3 minutes.
But regarding the past this kind is a more riskier one. Why?
We are already 100 pips away from the low of the last two hours and we are about 30 pips away from ema50. Both ema's currently show to down direction. Cable is stronger than eurusd and usdchf.
So if you take this be careful and ready to close it early.
miblGBPUSD
11:30 cet: Level 1 long @1.8628, made a current high @1.2875 (>12:00 cet) => by all risk it was good up to now for max. fav. exc. ex spread +47 pips
The total move is not USD initiated. Eur and Swissy moved not very much. => Look at EURGBP
and that while usd
mibl
Meetings
Good source for meetings ---
http://www.easy-forex.com/en/Forex.FinancialCalendar.aspx
Results were posted 1 min from meeting time.