24 - 28 Aug News

The last week of the month...
so fast time fly...

Tue 25/8
I see lots of news on Eur but the effect is minimal
USD Consumer Confidence (Aug) 14:00 pm GMT

Thu 27/8
Eur German CPI 1:30 am GMT
USD GDP 12:30 pm GMT

Fri 28/8
GBP GDP 8:30 am GMT
USD Uni of Michigan survey on Confidence

We'll see busy week towards end of the month
USD Consumer Confidence will set the tone bearish or bullish...
After crazy Wed, wild ride on Thur morning

May pips be with all of us..

long or short tmr...

First assumption:
DowJ close in green last friday with +155.91 because of unexpected surge on US house sales
tmr good effect will spread to asian market
nikkei market rise, china as well...

supported by the following news

Sinopec good profit
http://www.bloomberg.com/apps/news?pid=20601087&sid=aTZThZm8FzvU

http://www.bloomberg.com/apps/news?pid=20601087&sid=apyDezq0ykuU

=> dollar & yen weaken, risky asset rules...
long GJ, GU, EU etc

Second assumption:
Asian market down on fear of US consumer confidence low

http://www.bloomberg.com/apps/news?pid=20601087&sid=aNWcnzCn6IUo

Trichet defend ECB action, Bernanke defend fed reserved action
http://www.bloomberg.com/apps/news?pid=20601087&sid=a0o0uL_.FKdo

=> short GJ, GU etc

not sure which way it will move...

EJ, GJ shows some upward movement till now (10.30am). Now it starts to go down slightly.

I guess it will just hover...

yeah it's a slow day for GJ...
moving very tight range...
I've been shorting GJ since this afternoon...
now only see a little bit movement

According to chart drawings... GJ probably will reach a level of 153.6xx before reversing?

I think so yes...
in my calculation, it's forming wave 5 down then only reversal if I'm not mistaken lar..

but GJ going down until what level i'm not sure... forgot to chk this morning.

btw my short position I've open yesterday, TP at 153.628...
not sure can reach or not...

Not sure if it hit that mark or got very very close to it. now it seems its reversal. I'm longing...

yeah not sure also... i'm waiting for 3pm London market open and see...
if cannot then I will take whatever money I can make off

==> I closed the trade ady... afraid if missed out the opportunity..
closed at 153.911...