Upcoming Signals Overview (July 19~23, 2010)

Mikhail

Recruit
Messages
8
AUD

Ok. I actually expect EURUSD to drop some 50-80 pips before a possible bounce to the upside (which I am not sure will actually take place). What I was saying is that I should have concentrated on the Aud instead which has been moving in a more orderly manner closely following S&P and Dow.
Cheers.
Dear MidnightRun
I fully agree with you about eurusd. I sure you have your own ideas as the way AUD will be run. But have you such thoughts on S&P and Dow? And please if you have, say them also. I see, there's USDX is the major thing.
 

MidnightRun

Sergeant
Messages
186
Overall, I am bearish on S&P and Dow. S&P has dropped to an important support of 1,060, should it go lower, next support is around 1,040. Actually I beleive S&P will eventually drop much lower, but that will not happen overnight, will take time. Same general bearish view on Dow.
 

Mikhail

Recruit
Messages
8
OK. But usdx has near come to the support of 82.00. And would there the breakthrough? 0.5pt has remained. I think AUD will drop very strong, near 0.79-0.78-0.76 on coming weeks and months (but I can't also eliminate the level of 0.91 on the next month). This's my thickest problem. The most difficult part is waiting or choosing.
 

KJeff

Recruit
Messages
7
That's a good question. First of all we need to understand that those news also move the market. We don't trade them because their movements are quite unpredictable, and it is better to stay away than to wait for them and worst of all, get in on losing trades because the market didn't behave logically. So the basic course of action is to be aware of these releases and if you are planning to enter an order, just wait after the release.

Henry
Hi Henry,

Thanks for the explanation. Now I think that I understand why sometimes, when I place a trade, suddenly the market trend moves against me. This information is really a life-saver.

KJeff
 
Messages
1
knowing it very well

thanks my big boss, pls lilu i want u to help me more about this signal in a simple way. 4rm when will it go bullish or bearish on each day. im just a new bigginer. thanks n GOD bless u
 

RCM

Recruit
Messages
6
USDCAD Thursday 22nd July 2010 trade

Thanks Henry,

I was using 5 min candle chart and I bought the spike up on the announcement at 1.04516 and then bought another position two minutes later on the retracement at 1.04417

Exited the first position on a trailing stop after 21 minutes at 1.04529 for a small profit

Closed the second position at 1.04563 14 minutes after opening it, so by waiting just 2 minutes for the retracement trade I made far more pips.

Thank you for your help
 
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