Currency trading (Oct 2nd > 6th)

[wasp]

Got a bit of time to kill so I figure I'd jump in and kick it off....

Should be a good money earner this week...




10/1/2006 23:50 JPN Tankan Lge Manufacturing Index
10/1/2006 23:50 JPN Tankan Non-Manufacturing
10/1/2006 23:50 JPN Tankan All Industries Capex

10/2/2006 00:00 AUS Reserve Bank Oct Policy-Setting
10/2/2006 01:30 JPN Labor Cash Earnings (YoY)
10/2/2006 01:30 JPN Overtime Earnings (YoY)
10/2/2006 05:00 JPN Vehicle Sales (YoY)
10/2/2006 07:55 EU German PMI Manufacturing (survey)
10/2/2006 08:00 EU PMI Manufacturing (survey)
10/2/2006 08:30 UK PMI Manufacturing (survey)
10/2/2006 14:00 US Construction Spending (MoM)
10/2/2006 14:00 US ISM Manufacturing
10/2/2006 14:00 US ISM Prices Paid
10/2/2006 14:00 US Pending Home Sales (MoM)
10/2/2006 23:50 JPN Monetary Base (YoY)

10/3/2006 01:30 AUS Retail Sales
10/3/2006 01:30 AUS Building Approvals (YoY)
10/3/2006 08:30 UK BoE Mortgage Equity Withdrawl
10/3/2006 09:00 EU Euro-Zone Unemployment Rate
10/3/2006 09:00 EU Euro-Zone PPI (YoY)
10/3/2006 12:00 NZ ANZ Commodity Price
10/3/2006 13:30 UK PMI Construction
10/3/2006 21:00 US ABC Consumer Confidence
10/3/2006 23:00 EU PMI Services (survey)
10/3/2006 23:01 UK Nationwide Consumer Confidence
10/3/2006 23:30 AUS RBA Cash TARGET
10/3/2006 23:30 AUS AiG Performance of Mfg Index

10/4/2006 01:30 AUS Trade Balance
10/4/2006 01:30 AUS Exports
10/4/2006 01:30 AUS Imports
10/4/2006 07:55 EU German RBS/BME Services PMI
10/4/2006 08:00 EU Euro-Zone Composite PMI
10/4/2006 08:00 EU Euro-Zone September Services PMI
10/4/2006 08:30 UK PMI Services (survey)
10/4/2006 09:00 EU Euro-Zone Retail Sales (YoY)
10/4/2006 09:30 UK BRC September Shop Price Index
10/4/2006 10:15 EU EU Issues Paper on Sustainable Fin
10/4/2006 11:00 US MBA Mortgage Applications
10/4/2006 12:15 US ADP Employment Change
10/4/2006 14:00 US ISM Non-Manufacturing
10/4/2006 14:00 US Factory Orders

10/5/2006 08:00 EU Bloomberg Eurozone Retail PMI
10/5/2006 08:00 EU Bloomberg Germany Retail PMI
10/5/2006 11:00 UK BOE ANNOUNCES RATES
10/5/2006 11:45 EU ECB ANNOUNCES INTEREST RATES
10/5/2006 12:30 CAN Building Permits (MoM)
10/5/2006 12:30 US Initial Jobless Claims
10/5/2006 12:30 US Continuing Claims
10/5/2006 14:00 CAN Ivey Purchasing Managers Index
10/5/2006 23:30 AUS AiG Performance of Service Idx
10/5/2006 23:50 JPN Official Reserve Assests

10/6/2006 00:00 AUS Foreign Reserves
10/6/2006 05:00 JPN Coincident Index
10/6/2006 05:00 JPN Leading Economic Index
10/6/2006 08:30 UK Industrial Production (YoY)
10/6/2006 08:30 UK Manufacturing Production (YoY)
10/6/2006 10:00 EU Euro-Zone OECD Leading Ind.
10/6/2006 10:00 EU German Factory Orders YoY (nsa)
10/6/2006 11:00 CAN Unemployment Rate
10/6/2006 11:00 CAN Net Change in Employment
10/6/2006 12:30 US Average Hourly Earnings (YoY)
10/6/2006 12:30 US Average Weekly Hours
10/6/2006 12:30 US Change in Nonfarm Payrolls
10/6/2006 12:30 US Unemployment Rate
10/6/2006 12:30 US Change in Manufact. Payrolls
10/6/2006 19:00 US Consumer Credit
10/6/2006 23:01 UK NIESR GDP Estimate

 

[rav700]

Good Evening All

I totally agree with wasp,

I think this week should be a massive pipper.

I see the cable definately going higher as this was just a minor correction....
Also Friday the big day......I personally think the rates will be on hold.
Lets wait and see
Happy Trading Guys

Rav

 

[Priceman]

Action forex view of the week ahead, good trading all, I'll be in and out during the week with my 2cents. Let's hope for some major moves (and to be in when it does move too )

http://www.actionforex.com/forex_analysis_and_forecasts/action_insight/weekly_outlook%3a_a_coming_eventful_first_week_in_q4_2006100111463/

 

[hornblower]

morning all

 

[hornblower]

a guy on elite trader predicting a
black Monday for today
we shall see !!

 

[trendie]

a guy on elite trader predicting a
black Monday for today
we shall see !!

Black Monday for people who are long? Then logically a golden Monday for people who are short? And vice-versa.
Right/wrong, win/lose -its all relative, aint it?

 

[hornblower]

Black Monday for people who are long? Then logically a golden Monday for people who are short? And vice-versa.

yes ,but I like to be able look at things , and consider them
as long as there is lots of movement up or down
thats ok for me

 

[trendie]

I have a feeling I shouldnt have gone short at 1.8735!

 

[zuke]

I have a feeling I shouldnt have gone short at 1.8735!

Why not? Looks like a good short to me. I am on the sidelines at the moment looking for 760 before I short again.

 

[a_gnome]

EUR/NOK on the move

For thos that trade the skandi's, EUR/NOK is making a bit of a move this morning.

 

[Offshore Trader]

It's already looking like today will be another day of small moves. Wish I'd been in on the big Asian time zone moves last week.

 

[trendie]

Ok, I admit it, I am bored!

 

[trendie]

I have a feeling I shouldnt have gone short at 1.8735!

change of state: I have an uptrend condition at 12-noon. Looking to exit for break-even.

 

[neil]

Ok, I admit it, I am bored!

if you thought that was a Pin bar it should have been traded when priced passed the "nose." I think a buy stop would have been recommended. just my opinion though.
(Back to marking student assignments....)

 

[hornblower]

nice run up this morning on the euro / norwegian / krone
cmc spread is 50 pts !
it concentrates the mind a bit

 

[trendie]

if you thought that was a Pin bar it should have been traded when priced passed the "nose." I think a buy stop would have been recommended. just my opinion though.
(Back to marking student assignments....)

agree completely, neil.
(Phil Newtron Bomb has a video tutorial about the Pin-bars on his website. about 30mins worth)

My challenge for this week:
Note all patterns that have been described in multiple ways.
find a 2-bar bearish engulfing on one time-frame that makes a short-trade pin-bar on another.
find a 2-bar bullish engulfing on one time-frame that makes a long-trade pin-bar on another.
find a head-and-shoulders pattern where the head and right-shoulder is a ross 1-2-3.

EDIT: any others ?

 

[hornblower]

short running on the dax

 

[zuke]

Very dull on Cable at the mo and I have no position. I have a HUGE (well by my standards anyway!) short on the Dow so will be concentrating on that for now. Maybe Cable will wake up in my absence!

 

[Offshore Trader]

Good luck Zuke. Evening star on the daily charts which I'm sure you've seen and the risk reward looks pretty good, although I think I'm too late now. A drop below 700 in the futures should be very promising...

 

[zuke]

Good luck Zuke. Evening star on the daily charts which I'm sure you've seen and the risk reward looks pretty good, although I think I'm too late now. A drop below 700 in the futures should be very promising...

If this comes off, Ill probably take a bit of time away.. I posted a live call on the Dow board on Friday that I was short from 734 and some people thought I was too premature. The trade has gone +50 so I took 1/3 off the table and moved my stop to b/e. If it does drop..I reckon it could be fireworks!