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.Also, DOW has 20 pip gap to fill at 11125 from open and I'mfairly sure this will fill today implying Euro retrace.
Hi Farmer. Yes, I know, it's a tricky one, but I might have a dabble at 13637 as $ is al support line. We'll see! Jack
I'm looking at at DT (for this cycle) at 13637 and a retrace then upward to complete the ih&s target on the 1hr at 13700. The $ is at a strong resistance point and looks well over sold on all but 4hr, where it sits at 30 on RSI. Of course, Euro could make 13700 in one hit without forming the right shoulder. Interesting one. Watch & wait! ATB Jack
FP. Just saw you're earlier post! Silly me.
PPS. Some support! I think we'll see 1048 on the S&P
PS. Looks like key support on DOW at 10475. Any views?
Afternoon All, Anyone know what time this afternoons dose of B/S is due? Thanks if you do. Jack
Hi Farmer / all, Did you see Newsnight last night? They had a Eurocrat by vid link, Richard Lambert (former CBI & FT head and Europhile, and a business guy from Telegraph. The latter referred to the Eurocrat as "an idiot" on about 5 seperate occasions and ****ged off RL to the point where he nearly left the discussion. Of course everything he said was bang on and it was soooooo refreshing to hear someone actually call it for the farce it is. Naturally after a vid break, he had 'disappeared' no doubt dispatched for rendition in Libya or Algeria to 'get his thinking right' LOL. Grab it on iplayer if you can. Well worht a watch for entertainment value! Jack
Afternoon Guys & Gals. Schizoid day or what. No direction, just flapping around with gaps everywhere. Which one does it fill first? Did pick up a nice gap on the DOW, and about 20 pips on euro, but had to work too bloody hard for my liking. Never thought I'd say this, but on todays performance wouldn't mind the day job again and that's saying something! BW Jack
Thanks for the update Farmer. Sounds like par for the course!
Oh god, Will it be about 2hrs later like last week! Attractive gap on $ though might make the wait worthwhile. Got my 13643-13654 gap on the euro this afternoon. Do you remember that 1 min chart gap I spoke of.
Afternoon guys, When is this muppet supposed to speak? Was it 5.00pm?
Think I'm done too guys. Thanks for your input over the week. Take care & catch you all next week. Jack
Thanks Farmer. That's very informative.
Thanks Joe, Didn't really understand a god damn word of it but thanks for the sentiment. Jack
Joe, Presumably that means they are providing additional liqidity to the EU banking system, thereby helping to 're-capitalise' the banks? like QE by another description? Thanks if you have time. Jack
Can't decide what it wants. Jobs data will give it direction
Well chaps, I've got an ih&s on the 10 min targeting circa 13840. Any views?
Farmer, sounds like great outlook for your 1.30 short. I'll love it if you turn a profit on that one!
Farmer, it's at 15.23 on 14th Sept on my Barclays trading platform chart. Perhaps this is ot as reliable as IG, but every FX gap on the 1 min that I have ever seen has always been filled, on indicies too.