stephen nefdt (11/10/2010 8:37:29 AM): buy eurusd now
stephen nefdt (11/10/2010 8:38:38 AM): 1.3777 stop at 1.3729
stephen nefdt (11/10/2010 8:46:22 AM): eurusd trade stephen nefdt (11/10/2010 8:52:47 AM): 4 hr analysis on eurusd
stephen nefdt (11/10/2010 8:55:51 AM): EJ is also moving up nicely but i like the setup on eu better as there seems to be a solid support level
stephen nefdt (11/10/2010 9:05:59 AM): gbp really selling off right now, usd seems to be gaining some strength. i still think the eu long is a good trade
stephen nefdt (11/10/2010 9:24:52 AM): differential between eur and usd strength above 300 which is the trigger i like to look at for trading opportunities http://clip2net.com/clip/m31553/1289373823-clip-116kb.jpg
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stephen nefdt (11/10/2010 9:28:45 AM): im keeping my stop at 1.3729 which is a 48 pip stop im expecting an up and down move but if it can stay above this level we should see further gains
stephen nefdt (11/10/2010 9:41:10 AM): pay careful attention to BOE inflation report and GOV king speaking at 10.30 am GMT could see huge moves in GBP and 1.30 pm GMT trade balance and unemployment claims in the US http://clip2net.com/clip/m31553/1289374752-clip-104kb.jpg
stephen nefdt (11/10/2010 12:10:00 PM): you should be up over 30 pips now on my trade call on eurusd long this morning. im holding this position for now you can move your stop up to 1.3755 so only 22 pips risk
stephen nefdt (11/10/2010 12:20:35 PM): BOE inflation report out in 10 min beware if you are in and GBP positions. we could see sparks fly
stephen nefdt (11/10/2010 12:31:13 PM): Wednesday, November 10, 2010 12:30:18
*(UK) BANK OF ENGLAND QUARTERLY INFLATION REPORT: READY TO MOVE IN EITHER DIRECTION
- 2011 GDP % v 2.5% aug forecast
- 2012 GDP % v 3.0% Aug forecast
stephen nefdt (11/10/2010 12:32:44 PM): *(UK) BANK OF ENGLAND QUARTERLY INFLATION REPORT: READY TO MOVE IN EITHER DIRECTION AS RISKS EVOLVE (REITERATES)
- 2011 GDP % v 2.5% aug forecast
- 2012 GDP % v 3.0% Aug forecast
- Inflation rate to rise further in near term; risk to inflation forecast are to the upside
- Near term inflation forecast higher than in Aug
- Inflation rate to remain above target through 2011
- Inflation to fall below 2% target in early 2012
- Notes a wider than usual range of views on inflation outlook.
stephen nefdt (11/10/2010 12:32:57 PM): uncle merv ready to speak
stephen nefdt (11/10/2010 12:34:41 PM): looks like gbp is going to head up further
stephen nefdt (11/10/2010 12:38:08 PM): GY shot up nicely 50 pips
stephen nefdt (11/10/2010 12:38:55 PM): eu position doesnt look great close
stephen nefdt (11/10/2010 12:39:53 PM): Wednesday, November 10, 2010 12:34:56
(UK) UK BoE gov King: UK recovery is dependend on the world economy; Output level like to remain weak
- Difficult to judge inflation outlook.
- Commodity prices and weak sterling to push up near term CPI.
stephen nefdt (11/10/2010 12:41:32 PM): well gu has gone up nicely
stephen nefdt (11/10/2010 12:42:05 PM): GY went up over 60 pips
stephen nefdt (11/10/2010 12:50:36 PM): here is the GY chart 1 min chart prior to BOE inflation report
stephen nefdt (11/10/2010 12:55:13 PM): current dashboard view
stephen nefdt (11/10/2010 12:57:40 PM): so all in all not bad if you managed your trading well you should have made at least 20 pips on eu long and a further 30 + on GU or Gy long market retraced nicely for you to get in
stephen nefdt (11/10/2010 1:02:40 PM): so if you paid attention today you should be up around 50 pips not a a bad day
stephen nefdt (11/10/2010 1:05:02 PM): quick update im speaking to 4xp.com to look at integrating into their platform
stephen nefdt (11/10/2010 1:34:53 PM): here is a 1 min trade plan for GY using the dashboard and trendvol indicator for over 90 pips
