Daily Studies 010810
3
The Lonely Trader Disclaimer: All information is provided as market commentary and not as investment or trading advice. The Lonely Trader expressly disclaims liability, without limit ation, for losses or damages resulting from r eliance on such information. Past results are no gua rantee of future performance. Please cons ult a registered financial advisor before risking your capital. . Calendar GMT Ctry Event Mkt Risk Exp Prev Remarks Monday 0715 CH Retail sales Jun YoY Ccy Med 3.8 CHF pairs 0730 SVME PMI Jul Ccy Med 65.7 See above 0755 GE German PMI manufacturi ng Equ Med DAX intraday 1400 US ISM prices Jul C/E Med 57 DX, ES, DAX intraday ISM manufacturing Jul C/E Med 56.2 See above Monday's theme: Bank earnings in the EU. If the results are positive, this will confirm the results of the stress tests and send the euro sharply higher. Today HSBC and BNP report, among other banks. This will be the focus early in the week for me. The range persists in the DAX, although recent HLs have me thinking the range is due to break to the upside. High range estimate for today is the ten day range high of 6265 with the chance to extend to the intermediate term range high of 6350. A break of 6350 opens up 6500 and 6600 this week or next. Low range estimate for today is 6065, but it was a hard choice. There is considerable support confluence at 6090. The statistics favor 6065, however. Friday's profile suggests a downside test of the VPOC of 6107 is equally as probable as an upside test of Thursday's VPOC at 6220. What happens from there will determine whether I get into any day trades today. Trade short if responsive selling seen at or near key HVN 6220 to near term range pivot at 6170. Trade long on initiating action above to 6260. Trade long if responsive buying seen at or near key HVN 6090 to near term swing low at 6035. Trade short on initiating action below to 6065. Daily Journal 30 July 2010 European bank earnings come out today. A positive result will confirm the stress tests, likely sending euro and DAX and just about every other "risk-on" instrument sharply higher. Among the banks reporting earnings today are HSBC and BNP. Otherwise, keep an eye on German PMI and US ISM data to keep flows moving. The DAX is sitting roughly in the middle of a ten day range, declining f rom Wednesday to Friday last week, but the HL pattern is still intact.
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Transcript of Daily Studies 010810
8/9/2019 Daily Studies 010810
http://slidepdf.com/reader/full/daily-studies-010810 1/2The Lonely TraderDisclaimer: All information is provided as market commentary and not as investment or trading advice. The Loneexpressly disclaims liability, without limitation, for losses or damages resulting from reliance on such information
results are no guarantee of future performance. Please consult a registered financial advisor before risking your
Calendar GMT Ctry Event Mkt Risk Exp Prev Remarks
Monday 0715 CH Retail sales Jun YoY Ccy Med 3.8 CHF pairs
0730 SVME PMI Jul Ccy Med 65.7 See above
0755 GE German PMI manufacturing Equ Med DAX intraday
1400 US ISM prices Jul C/E Med 57 DX, ES, DAX intraday
ISM manufacturing Jul C/E Med 56.2 See above
Monday's theme: Bank earnings in the EU. If the results are positive, this will confirm the results of the stress tests and send t
uro sharply higher. Today HSBC and BNP report, among other banks. This will be the focus early in the week for me. The rangersists in the DAX, although recent HLs have me thinking the range is due to break to the upside. High range estimate for tod
e ten day range high of 6265 with the chance to extend to the intermediate term range high of 6350. A break of 6350 opens
500 and 6600 this week or next. Low range estimate for today is 6065, but it was a hard choice. There is considerable suppor
onfluence at 6090. The statistics favor 6065, however. Friday's profile suggests a downside test of the VPOC of 6107 is equal
robable as an upside test of Thursday's VPOC at 6220. What happens from there will determine whether I get into any day tr
oday. Trade short if responsive selling seen at or near key HVN 6220 to near term range pivot at 6170. Trade long on initiating
ction above to 6260. Trade long if responsive buying seen at or near key HVN 6090 to near term swing low at 6035. Trade sh
n initiating action below to 6065.
ailyurnaluly 2010
European bank earnings come out today. A positive result will confirm the stress tests, likely sending euro and DAX
and just about every other "risk-on" instrument sharply higher. Among the banks reporting earnings today are HSBC
and BNP. Otherwise, keep an eye on German PMI and US ISM data to keep flows moving. The DAX is sitting roughly
in the middle of a ten day range, declining from Wednesday to Friday last week, but the HL pattern is still intact.
8/9/2019 Daily Studies 010810
http://slidepdf.com/reader/full/daily-studies-010810 2/2The Lonely TraderDisclaimer: All information is provided as market commentary and not as investment or trading advice. The Loneexpressly disclaims liability, without limitation, for losses or damages resulting from reliance on such information
results are no guarantee of future performance. Please consult a registered financial advisor before risking your
Comments and insults are welcome. See contact info below.
Today's extreme range L
ested in contributing to this study?
t to exchange ideas? Have a suggestion?
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Jay Schneider -- FX and futures, range studies
San Diego Area, USA
Blog
Develop continues to the downside, but will wait for
earnings to take a view on direction this week. With
summer comes thin markets. Something to be aware of.
Primary range: 180
Alternate range: 96
High Extreme: 6350 (int range rez)
High primary: 6265 (near range rez)
Low primary: 6065 (near range supt)
Low Extreme: 5990 (int range pvt)
As always, keep in mind that range projections areguidelines -- asking where the market will likely try to go
when long and when short, and how much friction is
involved in getting there. Keep an eye on volume.
DAX 30minToday's extreme range H
HVN
HVN
HVN
HVN
HVN
Today's likely range L
Today's likely range H
