FX Trading April 30 - May 4

[trendie]

New week, new pips.
Being as we're still close to the $2 mark, I think jacintos poll remains valid, regarding where we will be at end of the week.

eco-calendar from ForexFactory! http://www.forexfactory.com/calendar.php

Mon Apr 30
0:30 AUD TDMI Inflation Gauge m/m Low Impact Expected 0.5%
6:00 EUR German Retail Sales m/m Low Impact Expected 0.8% 1.5%
8:00 EUR M3 Money Supply y/y Low Impact Expected 9.8% 10.0%
8:30 GBP BBA Mortgage Approvals m/m Low Impact Expected 75.0K 54.7K
9:00 EUR CPI y/y (p) Low Impact Expected 1.8% 1.9%
9:00 EUR Consumer Confidence Low Impact Expected -4 -4
9:00 EUR Italian CPI m/m Low Impact Expected 0.2% 0.2%
9:30 GBP Consumer Confidence Low Impact Expected -8 -8
12:30 USD Core PCE Price Index m/m High Impact Expected 0.1% 0.3%
12:30 USD Personal Spending m/m Medium Impact Expected 0.5% 0.6%
12:30 USD Personal Income m/m Low Impact Expected 0.5% 0.6%
12:30 CAD GDP m/m High Impact Expected 0.2% 0.1%
13:45 USD Chicago PMI High Impact Expected 54.5 61.7
14:00 USD Construction Spending m/m Low Impact Expected 0.2% 0.3%
23:30 AUD Manufacturing PMI Low Impact Expected 57.7

Tue May 1
1:30 JPY Average Cash Earnings y/y Low Impact Expected -0.4% -1.0%
All Day EUR Holiday: Labor Day Low Impact Expected
8:30 GBP Manufacturing PMI Medium Impact Expected 54.0 54.4
10:00 GBP CBI Distributive Trades Realized Medium Impact Expected 30 32
10:00 GBP CBI Distributive Trades Expected Medium Impact Expected 20 21
12:30 CAD IPPI m/m Low Impact Expected 0.9% 0.9%
12:30 CAD RMPI m/m Low Impact Expected 1.5% 2.6%
14:00 USD ISM Manufacturing Index High Impact Expected 51.0 50.9
14:00 USD ISM Manufacturing Prices Medium Impact Expected 65.9 65.5
15:00 USD Fed Chairman Bernanke Speaks High Impact Expected
15:00 CAD BOC Governor Dodge Speaks Medium Impact Expected
Tentative USD Domestic Vehicle Sales Low Impact Expected 12.3M 12.3M
23:30 AUD Interest Rate Statement Medium Impact Expected 6.25% 6.25%
23:50 JPY Monetary Base y/y Medium Impact Expected -14.0% -19.1%

Wed May 2
7:30 CHF SVME PMI Medium Impact Expected 63.5 62.0
7:55 EUR German Manufacturing PMI Medium Impact Expected 57.0 56.9
7:55 EUR German Unemployment Rate Low Impact Expected 9.1% 9.2%
8:00 EUR Manufacturing PMI Low Impact Expected 55.5 55.4
8:30 GBP Construction PMI Low Impact Expected 59.0 58.9
8:30 GBP Net Lending to Individuals m/m Low Impact Expected 11.0B 11.4B
8:30 GBP Mortgage Approvals Low Impact Expected 116K 119K
9:00 EUR Unemployment Rate Low Impact Expected 7.2% 7.3%
12:15 USD ADP Nonfarm Employment Change High Impact Expected 107K 106K
13:30 USD St. Louis Fed President Poole Speaks Low Impact Expected
14:00 USD Factory Orders m/m Low Impact Expected 1.8% 1.0%
14:30 USD Crude Oil Inventories Low Impact Expected 2.1M
15:00 USD Treasury Secretary Paulson Speaks Medium Impact Expected
All Day JPY Holiday: Constitution Day Low Impact Expected

Thu May 3
5:45 CHF CPI m/m Medium Impact Expected 0.8% 0.1%
8:30 GBP Services PMI Medium Impact Expected 57.6 57.6
9:00 EUR PPI m/m Low Impact Expected 0.3% 0.3%
12:30 USD Nonfarm Productivity q/q (p) High Impact Expected 1.0% 1.6%
12:30 USD Unit Labor Costs q/q (p) Medium Impact Expected 3.8% 6.6%
12:30 USD Unemployment Claims Low Impact Expected 324K 321K
14:00 USD ISM Non-Manufacturing Index Medium Impact Expected 53.2 52.4
14:00 USD ISM Non-Manufacturing Prices Low Impact Expected 59.5 63.3

Fri May 4
All Day JPY Holiday: Greenery Day Low Impact Expected
1:30 AUD RBA Monetary Policy Statement High Impact Expected
1:30 AUD Trade Balance Medium Impact Expected -0.98B -0.84B
7:55 EUR German Services PMI Low Impact Expected 57.9 57.5
8:00 EUR Manufacturing PMI Low Impact Expected 57.6 57.4
9:00 EUR Retail Sales m/m Low Impact Expected 2.2% 0.3%
12:30 USD Nonfarm Employment Change High Impact Expected 107K 180K
12:30 USD Unemployment Rate High Impact Expected 4.5% 4.4%
12:30 USD Average Hourly Earnings m/m Medium Impact Expected 0.3% 0.3%
13:10 CAD BOC Governor Dodge Speaks Medium Impact Expected
13:45 USD New York Fed President Geithner Speaks Low Impact Expected
14:00 CAD Ivey PMI Medium Impact Expected 57.5 67.3
15:30 USD Kansas City Fed President Hoeing Speaks Low Impact Expected

 

[trendie]

DOH!! T2W finally has its own bona-fide FX calendar.

http://www.trade2win.com/boards/calendar.php

 

[Sharky]

Indeed we do!

We're still ironing out a few bugs, but check back later tonight/tomorrow and any issues with the figures and formatting should be ironed out.

 

[dc2000]

simple enough week really big players looking for 951 long taking profits in the 2.0221 region early week before sideways

 

[Atilla]

simple enough week really big players looking for 951 long taking profits in the 2.0221 region early week before sideways

Hi guys,

Nice fresh smooth feel to the T2W site. I like it.

Excellent response from Sharky and the team too as the I notice colour of font changed from pastel grey to black very pronto... Much easier to read.

New competition set up on FX will become like gladiators arena. I think it's great cause it's good to know what others are thinking. I know that's what the price tells us but it's good to look up to the established mentors on this site and see their moves.

Regarding cable, I reckon it's going to trend a little bit further down. I'm thinking
1.9875+ regions with a quick bounce and range around the $2 mark. I've read articles about it touching 2.05. I think that's possible perhaps towards the end of the year 3 or 4 quarter.

I'm also bearish on the DOW & SPX and glad to see gold up again so quickly. Still all very puzzling but will trade the TA and my MAs and BBs. Learning a great deal about keeping emotions and my head out of it all and just trade the lines as what the eyes see...

Good luck to the week ahead everyone.

 

[oiltanker]

new site is fine. the competition is doing random trades on my behalf. something wrong with the software.

still short yen. got another 20 pts last thing fri from a small short limiting out. nothing else on the radar at the moment.

 

[jacinto]

morning all

Im unsure about the bias for cable today. probably will trade on the long side, but I guess I'd rather wait until after 9 to take a view.

good trading

j

 

[2be]

morning all
Good feel to the new T2W site. Do not have any strong opinion re Cable.
Will examin the situation mid morning, untill then I shall be out.
Till then good trades to all!

 

[jacinto]

im long euryen 162.45. stop is tight.

edit: the stop is at BE now

 

[dc2000]

Imlong now at 935 slightly better than expected price think I will go enjoy some of the shinny yellow ball stuff

 

[Offshore Trader]

My breakout levels this morning are 1.9914 and 1.9964. I have to trade to the system but I don't fancy the short....

 

[29Investments]

Agreed I'm seeing decent trendline suport at 9900

 

[The Pearl Fisher]

Imlong now at 935 slightly better than expected price think I will go enjoy some of the shinny yellow ball stuff

Looked good, didn’t it DC?

But I just got scorched on that entry.



TPF

 

[2be]

I am long 9004 SL 9870, Target 9992 Reasons: Stochastics on 15min & 1hr chart well in oversold with ADX below 20 and BB bands with 15 min canlestickswere forming support at 9900, just deeped below as I type

 

[Offshore Trader]

Took 20 points on half the position at 94 stop loss on rest at b/e (9914)

 

[oiltanker]

it might get to 1.9877 then turn up as its an s1. i've put a small order to buy there.

 

[2be]

Profit taken &9938 shall wait for a poss pulback

 

[29Investments]

Nice work on the FX comp so far CV !

 

[trendie]

re: fx comp.

chuffin 'eck, CV, leave some for us!

excellent going CV, a real master at work there.
do you tend to go gunning for 10 and 20 pips then?

 

[dc2000]

I guess a little profit taking would be in order now if one didnt want to just hold over