Hi,

I spotted the EUR today, let refer to the chart below the pp lines is straight since yesterday and the ADX is below 35. Wait for the London session for more tell tales sign.

This pair may try to performance today, watch closely.

The 1.3500 should be the number that made the move.

Attached Images

EUR 1H.JPG (79.7 KB, 294 views)

Hi,

EUR Trended hahaha!!!

Attached Images

EUR 1H.JPG (55.8 KB, 277 views)

Yep it did I also made some pips off it maybe it go down a bit now.
Maybe tommorow, maybe not till monday.

__________________
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In a deterministic universe, based on Newtonian concepts, there is no probability if all conditions are known.

I am still holding the EUR position and see if it does bull further because the daily chart is in the up trend.

Hi,

Based on the chart below, the ADX has turn downward implying that the market has come to a rest stage. Whether it will trend again or made a reversal will depends on the tell tales sign tomorrow.

This is the same situation apply for Cable and AUD in the way I look at it.

Is enough for today, don't you think so?

Good trading

Attached Images

EUR 1H.JPG (54.4 KB, 259 views)

Hi,

I see a sign on the CAD chart, this pairs is worth looking at it for today trading. The PP is straight and the ADX is beolw 30.

Attached Images

CAD_USD 1H.JPG (66.4 KB, 235 views)

Hi,

The CAD did not make much movement today. Based on the ADX, the indicator had already pass above 35 and went down, this imply that the CAD is not going anywhere further. The price will be ranging or choppy.

Further to this the data release (news) concerning Canada and US did not cause much movement, so no point trading CAD anymore for today.

However, keep an eye on the closing price if the PP continue to form a straight line then something might happen tomorrow. Maybe.

CAD is not interesting today

Regards

I think the indicator can only work if the price is trending.

Prof

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Nic
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Hi,

Today the PP is not a straight line for CAD and the trend today for CAD is sucks!

But I manage to do a few trade on GBP and scalp a few pip

Have a nice weekend

Hi,

According to the forex calendar I have downloaded, 3 Sept 2007 is a holiday for many exchanges (US, Europe and Asia).

So better don't trade today.

Have a nice holiday!

Attached Files

Holiday calendar2007.pdf (301.7 KB, 9 views)