G’day Surfers – Nice pips in short NFP Week
Our Daily Brief was spot on the money again yesterday and so were we: http://clip2net.com/s/5kicwl. The pictures tell the story of the day as EUR/USD slid some 100 pips and significantly, below 1.3030. Only question is: how many pips did you take from the trade? We traded the Short in our FREE LIVE TRADING ROOM – I was a little conservative and exited at Daily Pivot (DP) but “The Boss” tells me that DS-1 was his Pivot of choice, for a nice 50 pip haul – hope you banked regardless.
The Double Bottom #1 failed to realise its reversal potential and has been violated by yesterday’s fall. The 1.2909 Daily Critical Zone confluence with 12mth old Support Trendline #2 we flagged on Monday looms large as our Pivots remain stoically Bearish. With 1.3030 seemingly defeated for now, an untested DP is the only Bullish evidence I can offer.
The Day Ahead
It will be an early end to the week for me today with Red News from the States dominating after 2.15pm C.E.T. and American Independence Day tomorrow. I will seek to “steal” some more pips with a small stake counter trend trade to DP prior to looking for a Short. Don’t forget that we won’t be trading tomorrow and therefore NO LIVE TRADING ROOM. We will of course resume next Tuesday and remind you that if you haven’t already registered for the second half of 2013 Live Trading Room, you will not have access. PLEASE REGISTER HERE
High Impact News – C.E.T.
|2:15pm||USD||ADP Non-Farm Employment Change|
|4:00pm||USD||ISM Non-Manufacturing PMI|
Have a great Wednesday.