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Signal Review September 6~10, 2010

Discussion in 'Current Forex Trading Signals' started by Henry Liu, Sep 11, 2010.

  1. Henry Liu

    Henry Liu Former FPA Special Consultant

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    Hello folks:

    Here is a quick summary for news trading results last week:

    1. Tue September 7, 2010 12:30am EDT - AU RBA Interest Rate
    Historical Chart & Data No Trade

    2. Wed September 8, 2010 9:00am EDT - CA BOC Interest Rate
    Historical Chart & Data Trade Triggered 120 PIP In 2 Hours

    3. Wed September 8, 2010 10:00am EDT - CA IVEY PMI - UPDATE: I am skipping this trade
    Historical Chart & Data No Trade

    4. Wed September 8, 2010 9:30pm EDT - AU Employment Change
    Historical Chart & Data No Trade

    5. Thu September 9, 2010 7:00am EDT - UK BOE Rate Decision
    Historical Chart & Data No Trade

    6. Fri September 10, 2010 7:00am EDT - CA Employment Change
    Historical Chart & Data No Trade

    Total News Trading Potential - 120 Pips

    Pre News Trading

    1. Wed Sept. 8, 2010 CA BOC Interest Rate - SELL from recent highs... Max potential of 48 pips.
    [​IMG]

    2. Fri Sept. 10, 2010 CA Employment Change - SELL at Resistance areas... Max potential 34 pips.
    [​IMG]

    Total potential pips = 80

    *****

    Total potential pips for the week based on my analysis = 200...
    Take a 75% discount, you should be able to get at least 50 pips.


    Thanks,


    [​IMG]
     
    #1 Henry Liu, Sep 11, 2010
    Lasted edited by : Sep 8, 2016
  2. ForexGiant

    ForexGiant Recruit

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    Hi Henry

    Thanks a lot for the analysis.
     
  3. amar_butt

    amar_butt Recruit

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    thanks sir,
    I got few pips last week.
    thanks for your support.
    regards
     
  4. leentjai

    leentjai Recruit

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    :)Thank you Henry ! Lena
     
  5. euroforex

    euroforex Private

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    Thanks Henry for your pre market/news release advisory. Last week was fairly choppy with just the one CAD breakout - low volatility ranges (60 to 80 pip trends respectivey) which seemed institutional traders were deliberately holding price ranges - though Comdolls are risk appetite (NZD will have to prove itself this week in this ranking); JPY remains the safe haven proxy against the Chinese yuan and greenback (however better than expected data out of China on growth this Saturday 3.5% jump may shift the Asian opening session causing a ripple effect globally for the rest of the week putting pressure on the greenback's strength) this is hurting Japan's exporter's though Shirakawa isn't making any hasty decisions and COT open interest remains on the upside - my theis is that we may see a decisve move this week Considering some rollovers if correlatives provide any solid signals though market direction - even hedge fund managers agree - is difficult to trade right now. Basel III outcome plays an important sentiment role. German ZEW impact will flag any shifts - positive consensus on this one as the key economic baseline for the Eurozone's economic health. Juxtaposed to this is the risk appetite resistance level of the S & P 500 as EURUSD moves in lock step with this index. Watch for S&P 500 pivot moves for correlations to EURUSD correlation. COT remains 6:1 long for USD but short speculators are growing - things remain heavy against GBP; favorable for AUD, JPY and CHF (though the latter has been extremely choppy.) The splitting up the Irish bank - the PIIGS seeking to sell $80 bln in new bonds with CD rates near May crisis levels - Greek debt $1.2 trillion represents a quater of million dollars per adult living in Greece; EUR is undecided. COT proves JPY still strong on the long 4.7:1 margin with added positions - no BoJ intervention, but watch for low liquidity days ahead. CAD could go higher due to oil pipeline leak - shut down will cut off 7% to 8% of CAD exports - boosting oil prices that will support the loonies strength. COT shows traders split on OI. Overall, things seem to remain range bound - as you have shown in your weekly thesis - but there may be a wildcard of a 3% to 6% risk asset rally based on Chinese risk appetitte. Also, market makers are vying to push the risk rally higher to purchase more short positions for a clear longer term reversal. The question remains: When will the pivot price breakout come? Keeping my eye on the 2011 Porshce Boxter Spyder to add to my car collection.
     
  6. Kingsley Obase

    Kingsley Obase Private

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    Thank U!

    Thank you Henry for your superb analyses. The market was low on news but your calls were great and very helpful. I appreciate them a great deal and I hope you keep on with the good work.

    I am looking forward to rading with you in the coming week.
    Thank you and God bless your heart.
     
  7. TraderBob

    TraderBob Private, 1st Class

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    Great work, I look forward to your analysis each week.
     
  8. Damian1987

    Damian1987 Corporal

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    Henry, I'am trying to figure out how many hours in advance you started looking to the market for pre-news trading.

    For example: BOC interest rate was at 9AM and I see in your chart you have marked a rend line from a maximum at 11h15 AM down to a minimum at 13h15. To my eyes thats more a Post-news trade but maybe im getting confused with time zones. Could you please clear this out for me/us ??

    Thanks in advance for the time spent.

    Sincerely yours,

    Damián
     
  9. chatchai

    chatchai Recruit

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    --*

    Thank You:p:p:p:p
     

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