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snapdragon1970

Member Since Sep 12, 2015  1943 posts kieran (snapdragon1970) Jan 04 2016 at 15:37
Hit the S1 level again although it went down to 812,its not time yet for London close so I suspect its a false move,I think we will test
800 or 795.

"They mistook leverage with genius".
snapdragon1970

Member Since Sep 12, 2015  1943 posts kieran (snapdragon1970) Jan 04 2016 at 16:08
German CPI was lower than expected,on the daily chart it looks like we are going lower,next major support I see after 795 is 515

"They mistook leverage with genius".
snapdragon1970

Member Since Sep 12, 2015  1943 posts kieran (snapdragon1970) Jan 04 2016 at 20:30
781 we took a buy signal up to 820,trading is looking pretty slim now,we will soon see a push in one direction,more likely downward,I wouldn't be long until we see further weakness maybe a retest of 781,price rejection at 837 spike through BB looks like a sell signal.

"They mistook leverage with genius".
snapdragon1970

Member Since Sep 12, 2015  1943 posts kieran (snapdragon1970) Jan 04 2016 at 21:14
China suspends share trading,tomorrow will be a further test of confidence,if we see a slow down to 5% china is screwed and so is every other country.

"They mistook leverage with genius".
snapdragon1970

Member Since Sep 12, 2015  1943 posts kieran (snapdragon1970) Jan 05 2016 at 10:21
No trades today so far,china is the news again,plus VW fine by US ,major support areas will get tested yet again,any signals will be difficult to trust today.Some scalping later if I see some strong level support.

"They mistook leverage with genius".
snapdragon1970

Member Since Sep 12, 2015  1943 posts kieran (snapdragon1970) Jan 06 2016 at 19:16
My trade from yesterday 710 just paid off,795 closed out,FOMC meeting boost for the Euro.

"They mistook leverage with genius".
snapdragon1970

Member Since Sep 12, 2015  1943 posts kieran (snapdragon1970) Jan 08 2016 at 12:37
What a day yesterday was,I got knocked out a few times,lucky I had tight stop losses,my last trade paid off.I went short at 925,stop loss 930.I was expecting to see further weakness when the Asian market would open,which it did.I closed out at 870,maybe a bit soon as I see further weakness now,can't be to greedy!

So what do I make of NFP today,I think we will see lower numbers than expected or as expected,but it looks like the market is already pricing in weaker numbers,I suspect a rise in the euro,we will watch for the trend after the numbers,7-10 mins after.

"They mistook leverage with genius".
snapdragon1970

Member Since Sep 12, 2015  1943 posts kieran (snapdragon1970) Jan 08 2016 at 13:53
Well that was a surprise,better numbers than expected,did a low risk straddle trade which did catch 40 points on the spike down,closed out right away,710 would have been a much better bottom though.
 

"They mistook leverage with genius".
dianajs

Member Since Dec 09, 2015  823 posts dianajs Jan 08 2016 at 18:36
I caught about 30 pips on the movement up. Range continues though and the way it's going next week won't be any different.

snapdragon1970

Member Since Sep 12, 2015  1943 posts kieran (snapdragon1970) Jan 08 2016 at 19:54
dianajs posted:
I caught about 30 pips on the movement up. Range continues though and the way it's going next week won't be any different.


Well done,hope we catch more next week.

"They mistook leverage with genius".
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Commonwealth Bank Manufacturing PMI (18h 19min)
Crude Oil Weekly Technical Outlook: Pric...(39 min ago)
EURUSD 1.1019 GBPUSD 1.24675
USDJPY 107.551 USDCAD 1.32646

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