I was looking to see if there was any news on the forex calendar that was going to change the way I was going to trade.
Thursday seems to have an early morning Unemployment data release at 08:30 EST.
Friday at 08:30 will give us a Core CPI report.
These may give wide swings in the EURUSD pair that I am looking to trade.
As I was also relooking at the countertrend trade in the EURUSD pair that I was following, it dawned on me later - why am I not going short on this position since the daily trend is down and the EURUSD pair is now below its 55 day EMA on the 15 minute chart? Well, a couple of answers come to mind:
1. The 4-hour chart is in a short-term uptrend.
2. I should be going short based upon the daily chart.
Hmmm. Food for thought.
Tuesday, January 12, 2010
FOREX CALENDAR FOR 01.12.2010
I was looking to see if there was any news on the forex calendar that was going to change the way I was going to trade.
Thursday seems to have an early morning Unemployment data release at 08:30 EST.
Friday at 08:30 will give us a Core CPI report.
These may give wide swings in the EURUSD pair that I am looking to trade.
As I was also relooking at the countertrend trade in the EURUSD pair that I was following, it dawned on me later - why am I not going short on this position since the daily trend is down and the EURUSD pair is now below its 55 day EMA on the 15 minute chart? Well, a couple of answers come to mind:
1. The 4-hour chart is in a short-term uptrend.
2. I should be going short based upon the daily chart.
Hmmm. Food for thought.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment