FX-2007: Feb12th > Feb 16th

[trendie]

opening this weeks thread.

eco-news source: http://www.briefing.com/Investor/Public/MarketAnalysis/Calendars/EconomicCalendar.htm

Dates and forecasts of upcoming economic releases.

Week of February 12 - February 17
Date ET Release For Actual Briefing.com Consensus Prior Revised From
Feb 12 14:00 Treasury Budget Jan $40.0B $40.0B $21.0B

Feb 13 08:30 Trade Balance Dec -$59.7B -$59.5B -$58.2B

Feb 14 08:30 Retail Sales Jan 0.5% 0.3% 0.9%
Feb 14 08:30 Retail Sales ex-auto Jan 0.6% 0.3% 1.0%
Feb 14 10:00 Business Inventories Dec -0.1% 0.4% 0.4%
Feb 14 10:30 Crude Inventories 02/09 NA NA -449K

Feb 15 08:30 Export Prices ex-ag. Jan NA NA 0.5%
Feb 15 08:30 Import Prices ex-oil Jan NA NA 0.4%
Feb 15 08:30 Initial Claims 02/10 310K NA 311K
Feb 15 08:30 NY Empire State Index Feb 10.0 11.0 9.1
Feb 15 09:00 Net Foreign Purchases Dec $60.0B $68.4B
Feb 15 09:15 Industrial Production Jan 0.1% 0.0% 0.4%
Feb 15 09:15 Capacity Utilization Jan 81.7% 81.7% 81.8%
Feb 15 12:00 Philadelphia Fed Feb 2.0 5.0 8.3

Feb 16 08:30 Housing Starts Jan 1590K 1610K 1642K
Feb 16 08:30 Building Permits Jan 1570K 1590K 1613K
Feb 16 08:30 PPI Jan -0.6% -0.6% 0.9%
Feb 16 08:30 Core PPI Jan 0.2% 0.2% 0.2%
Feb 16 10:00 Mich Sentiment-Prel. Feb 97.5 97.0 96.9

 

[Offshore Trader]

Short at 523 on a breakout strategy, although concerned about the euro's enthusiasm to trade above 1.30...


Stop now at break even

 

[hornblower]

Short at 523 on a breakout strategy, although concerned about the euro's enthusiasm to trade above 1.30...


Stop now at break even

looking at the 30 min chart , it seems to have formed a pennant
I feel ,if it dose not fall passed the support line at 9495
we may see a return to 9590

 

[a_gnome]

Morning all,
Vebo Variant is short this morning from around 19500.

I am also testing out a new version of V.V. which has more discretion to it. The problem with the strategy as it stands is that it depends to much on a few huge winners. In order to attempt to smooth out the daily equity returns I am trading a second version in parallel which has the same basic break-out principle but which allows me to take profits as I choose. I fully expect that the total return for this V.V.ii will be less than the original but I am hoping that it will make money more consistently on a daily basis and that it will allow me to adapt a bit more to the current market conditions.

 

[Crap Buddist]

Hi all , I'm Long 459, seeing this as low zone for a leg up . This afternoons session i'm not anticipating depressed prices so should see some upside which will keep me holding.

 

[Phil Mibbutz]

Long earlier, because the 9.30 news didn't seem to be having much effect. Spiked out by a couple of pips at 10.20. No more today for me, but still think it should crawl above 500 again. EUR/USD seems to have gone into a coma.

 

[Offshore Trader]

Hi guys

I am seriously talking my own book because I'm short from 523,487 and 481 and being system generated I won't change BUT I would have thought that the failure to make any headway between 11 and 12 would be cause for concern for the longs and also the lack of figures to provoke a reversal.

If we see a dip and then a sharp reversal any time after 4p.m. we will all be happy

 

[hornblower]

made a few points on the euro/usd and usd/ swiss this mornng

cable just going to wait until after the us open

 

[29Investments]

Just looking at the longer term picture, There is weekly trendline support at 9260 and this coincides with a fib cluster at about the same level. If we do pull back this far I think it would be an excellent place to get long.

 

[leovirgo]

Hi guys

I am seriously talking my own book because I'm short from 523,487 and 481 and being system generated I won't change BUT I would have thought that the failure to make any headway between 11 and 12 would be cause for concern for the longs and also the lack of figures to provoke a reversal.

If we see a dip and then a sharp reversal any time after 4p.m. we will all be happy

Hi OT
Nice to know someone is on the same side as me. Currently my trailing stop is 1.9495. The beauty of system generated trading is I am not personally responsible for a missed trade or huge gains. What I think and what I trade are separated. I'm sure it is the same for you.

 

[jacinto]

What I think and what I trade are separated. I'm sure it is the same for you.

This is a phrase that should be printed out and written in stone as a major rule in a trading plan, system based or not.

j

 

[trendie]

how was trading for you guys this Monday?
glad I was away, I would have gotten wrong-footed into a long.

there is a lot to said for missing Monday mornings.

 

[jacinto]

half term impossible to place a trade with a 4 year old and a little friend forcing you to draw triangles (not on a chart )

 

[hornblower]

Morning
usd / swiss going down this morning
nice start to the day

 

[jacinto]

short 9502, tight stop.

 

[Marwan2010]

how was trading for you guys this Monday?
glad I was away, I would have gotten wrong-footed into a long.

there is a lot to said for missing Monday mornings.

Hi trendie, trading was slow on monday, one trade on the long side, on gbp, entry due to macd divergence on teh 15/30 min. just closed this trade for 35 pip profit. as failed to follow thru and also a 123 setup. looks like it may want to go down

 

[Marwan2010]

Hi trendie, trading was slow on monday, one trade on the long side, on gbp, entry due to macd divergence on teh 15/30 min. just closed this trade for 35 pip profit. as failed to follow thru and also a 123 setup. looks like it may want to go down

welllllll.................... talking of going downnnnn
it certainly has!
but i m not on the boat
did not want to take on few minutes b4 the news

 

[jacinto]

short 9502, tight stop.

:cheesy:

not bad for an 8 pip risk :cheesy: (plus spread)

 

[Offshore Trader]

Great call jacinto.

Short at 470 after figures with stop at breakeven. Trouble is dollar looks weak to me but I hope I'm wrong (very often I am) :cheesy:

 

[jacinto]

Great call jacinto.

Short at 470 after figures with stop at breakeven. Trouble is dollar looks weak to me but I hope I'm wrong (very often I am) :cheesy:

thanks, but in all truth, it should go to wasp. i would never enter 5 mins prior to the news. used the method in his journal. quite impressive.

there are 2 exits.....9390 and 9410 (one met already)

j