Currency trading (Aug 21st > 25th)

[wasp]

What will the week ahead bring...

place your bets......... !!!





Economic calender -

8/20/2006 23:01 UK Rightmove House Prices (YoY)

8/21/2006 03:00 NZ Credit Card Spending, Outstandings
8/21/2006 07:00 JPN Convenience Store Sales (YoY)
8/21/2006 09:00 EU Euro-Zone Trade Balance
8/21/2006 12:30 CAN Retail Sales (MoM)
8/21/2006 23:50 JPN All Industry Activity Index

8/22/2006 01:30 AUS New Motor Vehicle Sales (YoY)
8/22/2006 08:00 EU ECB Euro-Zone Current Account
8/22/2006 09:00 EU Industrial New Orders SA (MoM)
8/22/2006 09:00 EU ZEW Survey (Econ. Sentiment)
8/22/2006 09:00 EU German ZEW Survey (Econ. Sent)
8/22/2006 09:00 EU Industrial New Orders (YoY)
8/22/2006 09:00 EU German ZEW Survey (Current Situat)
8/22/2006 11:00 CAN Consumer Price Index (YoY)
8/22/2006 11:00 CAN CPI Excluding Core 8 (YoY)
8/22/2006 14:00 US Richmond Fed Manufact. Index
8/22/2006 21:00 US ABC Consumer Confidence 84
8/22/2006 23:50 JPN Adjusted Merchnds Trade Bal.

8/23/2006 00:30 AUS Westpac MI Leading Index For June
8/23/2006 01:00 AUS DEWR Skilled Vacancies (MoM)
8/23/2006 06:00 JPN Machine Tool Orders (YoY)
8/23/2006 10:00 UK U.K. CBI August Industrial Trends
8/23/2006 11:00 US MBA Mortgage Applications
8/23/2006 12:30 CAN Leading Indicators (MoM)
8/23/2006 14:00 US Existing Home Sales (MoM)
8/23/2006 22:45 NZ Trade Balance
8/23/2006 22:45 NZ Imports
8/23/2006 22:45 NZ Exports
8/23/2006 23:50 JPN Corp Service Price (YoY)

8/24/2006 01:30 AUS Australia House Prices (YoY)
8/24/2006 06:00 EU German Government Spending
8/24/2006 06:00 EU German Equipment Investment
8/24/2006 06:00 EU German GDP nsa (YoY)
8/24/2006 06:00 EU German Private Consumption
8/24/2006 06:00 EU German Construction Investment
8/24/2006 06:00 EU German Domestic Demand
8/24/2006 06:00 EU German Imports
8/24/2006 06:00 EU German Exports
8/24/2006 08:00 EU German IFO-Business Climate
8/24/2006 08:00 EU German IFO-Current Assessment
8/24/2006 08:00 EU German IFO-Expectations
8/24/2006 08:30 UK Total Business Investment (YoY)
8/24/2006 08:30 UK UK Car Prod. S.A. 3mth/3mth
8/24/2006 08:30 UK UK Car Prod. S.A. 3mth/yr ago
8/24/2006 12:30 US Durable Goods Orders
8/24/2006 12:30 US Initial Jobless Claims
8/24/2006 12:30 US Continuing Claims
8/24/2006 14:00 US New Home Sales
8/24/2006 22:45 NZ Food Prices (MoM)
8/24/2006 23:30 JPN Tokyo Consumer Prices (YoY)
8/24/2006 23:30 JPN Natl CPI (YoY)

8/25/2006 08:30 UK BBA July UK Mortgage Lending Fig
8/25/2006 08:30 UK GDP (YoY)
8/25/2006 08:30 UK Private Consumption
8/25/2006 08:30 UK Government Spending
8/25/2006 08:30 UK Gross Fixed Capital Formation
8/25/2006 08:30 UK Exports
8/25/2006 08:30 UK Imports

 

[wasp]

1.9050

 

[hornblower]

looking at a long term chart elliott wave wise
we are now on the 4th wave , I am not sure that the 4 th down wave is complete,


if it is then , then your pick is about right

 

[coolTrader]

1.9298

 

[martin brown]

i think it will be a quite week.

1.8850

 

[Priceman]

That's the high for the day.... maybe

now down again to around 8884ish...

watch this rocket even higher now !

 

[coolTrader]

rather quiet in here today. missed the morning move. as was rather tired! what a day to be in bed!

 

[Priceman]

See... whatever I say, do the opposite. 8964 (CMC) must be the high though now.... that's already the 50% fib level of the last move 9144-8776

 

[hornblower]

nice run up this morning
hit both my targets , my third target is 8968
but its running out of steam
may be sideways for a while

 

[Offshore Trader]

See... whatever I say, do the opposite. 8964 (CMC) must be the high though now.... that's already the 50% fib level of the last move 9144-8776

EUR/GBP has broken the recent uptrend, if EUR/USD goes above 1.29, cable will take off. Having said that I've been long from 8893 and so ready to take my profit if this is the top

 

[wasp]

What relevance is the EUR/GBP to cable... I note its broken the trend and bouncing on a S/R level...

What does it mean for cable if it breaks then or is it not really relevant other than a pair that is moving?

 

[Offshore Trader]

Closed long at +57. Not really sure what is going to happen here and happy to take profit

 

[wasp]

Flattened out alot now... tight tight stop and see time...

 

[coolTrader]

took a quick scalp... short... Usd jpy seems to have turned

 

[Offshore Trader]

Closed long at +57. Not really sure what is going to happen here and happy to take profit

Not so happy now!

 

[wasp]

Not so happy now!

still 10 more than me OT :cheesy:

 

[wasp]

Head and shoulders

Now I have a nasty habit of being eager in my pattern setups but heres one that could be good if it plays out.......

 

[smbtnt]

Now I have a nasty habit of being eager in my pattern setups but heres one that could be good if it plays out.......

My H/S target is slightly more reserved than yours, but eyeing similar setup, accumulating limit longs around 8850-8900

 

[Priceman]

9106 is my target high for the week...

Let's see if I am getting any better at this game or should I just trade what I see and not worry about how or why !! hehe

 

[Offshore Trader]

Morning everyone. Think we will see a move lower today hopefully to around 8850