European Forex Professional Weekly 2010-01-06

[Sentinel]

No, everything Ok, it's good that you're interesting...
Fed speeches concerning very long perspectives, not single number. They track trends and their changes. Fed reaction is always lagging to real situation, because they use laging indicators, such as Unemployment, Capacity utilization, Industrial Production, CPI and some others. But they use it because these indicators have low volatility and stable.

So, Bullard's talk is important but mostly for progress of situation in long-term; we are looking for 2-3 days event and this event will be driven by NFP numbers.

Ok... I am glad that Everything is OK..

Looks like EURUSD is holding over 0,618 support.

 

[Sentinel]

Congratulations Sive, you predicted the NFP right.. But I do not understand why the market is going the way upside down?

 

[Sive Morten]

Well, I'm not sure, but suppose that this is just a technical retracement - some scalpers are closing. Move was fast, Short-term OscP shows Oversold just in the max on Hourly chart during release, may be something else, M-makers can press for short-term stops.

 

[Sentinel]

Well, I'm not sure, but suppose that this is just a technical retracement - some scalpers are closing. Move was fast, Short-term OscP shows Oversold just in the max on Hourly chart during release, may be something else, M-makers can press for short-term stops.

Maybe this is the reason..

U.S. wholesale inventories unexpectedly surged in November and rose by the most in five years, a sign of confidence among companies in the economic recovery, helping reverse earlier dollar losses.

 

[Sive Morten]

I'm not sure, because WI was released at 1.5 hour later and downmove has started much earlier.

 

[Sentinel]

It seems thet there is a strong confluence at 1.4550-70..

 

[Sentinel]

I realize that you updated your Take Profit level to 1.4570 on your signals account.

 

[Sentinel]

And re-updated to 1,4780.. Seems that there is no change at your TP level..

 

[Sive Morten]

Do you track my trades? Hm
I thought that nobody interested in my demo account (even me )....
Well, 1.4580 - agreement and OB at daily. I do not decide still, will I out there or not.
But then I decide let it will be as it is and I'll watch the situation at 1.4580.

Be carefull with my trades on demo - sometimes I have no time to spend for demo and that leads to different "bad situations"

 

[Sentinel]

Do you track my trades? Hm
I thought that nobody interested in my demo account (even me )...

Well, I am very glad that I did. 270+ pips since Friday.

Well, 1.4580 - agreement and OB at daily. I do not decide still, will I out there or not.

I am calculating the XOP agreement as 1.4636 as follows. Am I again wrong at ABC?

Be carefull with my trades on demo - sometimes I have no time to spend for demo and that leads to different "bad situations"

Ok.. I will.. Do you have any other alternative page that I can track which you are spending much more time?