On chart the highest growth: JPY the biggest drop: EUR
We look at pair: EURJPY Observe: SELL
October 28, 2013 growth/drop; O/C: -0.117 no leading indicator for both currency
October 29, 2013 growth/drop; O/C: 0.297 no leading indicator for both currency
October 30, 2013 growth/drop; O/C: 0.23 leading indicator JPY negative
October 31, 2013 growth/drop; O/C: -1.636 no leading indicator for both currency
November 01, 2013 growth/drop; O/C: -0.379 no leading indicator for both currency
Analysis from: 28-Oct-13 To: 1-Nov-13
On chart the highest growth: JPY the biggest drop: GBP
We look at pair: [B]GBPJPY[/B] Observe: [B]SELL[/B]
The beginning of Forex on Sunday Novembar 3 (my time GMT +1:00), I’ll wait 30 minutes and then I’ll [B]sell GBPJPY[/B].
[B]ALERT:[/B]
-November 04, 2013 leading indicator GBP Construction PMI: if drop continue SELL, if rise then close order, if neutral stay in SELL
-November 05, 2013 leading indicator GBP Services PMI: if drop continue SELL, if rise then close order, if neutral stay in SELL
-November 06, 2013 leading indicator GBP Manufacturing Production: if drop continue SELL, if rise then close order, if neutral stay in SELL
-November 07, 2013 no leading indicator for both currency
-November 08, 2013 no leading indicator for both currency
Last entry:
AUD / MI Inflation Gauge
AUD / Retail Sales
AUD / ANZ Job Advertisements
AUD / HPI
EUR / Spanish Manufacturing PMI
EUR / Italian Manufacturing PMI
EUR / Final Manufacturing PMI
EUR / Sentix Investor Confidence
GBP / Construction PMI
USD / Factory Orders
As I said yesterday, GBP/JPY open at a price of 157,207, according to the report published GBP Construction PMI (negative for my pair), I closed at 157,443 with a minus of 0.239.
Per chart for the last 5 days the biggest drop has EUR, the biggest growth AUD. Therefore I open position EUR/AUD=SELL on 1.42176. For this pair tomorrow there are no leading indicators.
In Mon_Nov_4, I SELL EUR/AUD on price 1.42176, at the time of writing this post the price is 1.41717 and observed status is +0.00459. For this pair tomorrow there are no leading indicators and I stay in SELL.
In my experience it takes 24-48 hours in order to achiev the influence of published indexes (I call it market stabilization).
This isn’t a base for trading, it’s only a smal indicator on what currency pair attention should be given.
[B]Example:[/B]
From todays chart (Mon_Nov_25) we can see that the “greatest fall” has GBP and the “gretest rise” has
CHF, I will pay attention on the GBPCHF currency pair from Nov 26/27 and I will observe and see if tehnical conditions to enter the trade exist (SELL).
Last entry:
AUD / Construction Work Done
CHF / UBS Consumption Indicator
EUR / GfK German Consumer Climate
GBP / Second Estimate GDP
GBP / Prelim Business Investment
GBP / Index of Services
GBP / CBI Realized Sales
USD / Core Durable Goods Orders
USD / Unemployment Claims
USD / Durable Goods Orders
USD / Chicago PMI
USD /Revised UoM Consumer Sentiment
USD / Revised UoM Inflation Expectations
USD / CB Leading Index
from yesterday:
CAD/JPY SELL 96.07; now: 96.4 (-33)
USD/CAD BUY 1.0550; now: 1.0591 (+41)
In both cases the wrong time of entering into trade (patience is missing again).
I will pay attention to:
AUD/JPY SELL
EUR/AUD BUY
In both cases I will wait report: AUD / Private Capital Expenditure (01:30 GMT +1)
From Fri_Nov_29:
CAD/CHF SELL at 0.8532;
now: 0.8440 (+92)
Today CAD has a strong growth index value of 0.707. If CAD/CHF reaches the value of 0.8474, I close my order with +50.
Today changes in the index:
usd=0.323
eur=0.070
gbp=-0.454
jpy=0.000
aud=-0.147
chf=0.000
cad=0.707
From yesterday:
GBP/AUD BUY at 1.7952
With a little luck, activated T/P on 1.8159 (spread 12) [+195] BINGO!!!
from Fri_Nov_29:
CAD/CHF SELL at 0.8532;
Like I said if CAD/CHF reaches the value of 0.8478 I close my order (+50, spread 8). Now the price is 0.8412 and I would be a +120, but I lack patience again and again and again…
Today changes in the index:
usd=0.325
eur=0.000
gbp=0.000
jpy=0.000
aud=-0.442
chf=0.000
cad=-0.471
I will pay attention to:
USD/CAD BUY (I will wait for the end of New York and if price is around 1.0667 then I will BUY)