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  • This is what a reversal looks like

    From forexlive.com

    The market is having second thoughts on the dollar. There go the non-farm payrolls US dollar gains. The half-cent move has now completed the round trip in most pairs. A major space to watch is the Treasury market as 10-year yields fall back to unchanged on the day at 2.61% after testing 2.70% in the aftermath of the jobs report. Market watchers continue to poke holes in the jobs report and Hilsenrath makes a good point about the drop in prime-age worker participation. The labor force participation rate—the share of adults in the labor force—tumbled to 62.8% of the working age population, from 63.2%. This included ... (full story)

  •  Guest
  • | IP XX.XX.12.130
Yeah alright perfect opportunity to buy USD. Thanks to the dude selling like mad.
  •  Guest
  • | IP XX.XX.12.130
Ok looks like the selling is over on USD, must be a fat finger or the dude saw -280k instead of +280k.
Good. Traders are seeing through the US Governments manipulation of jobs data. Its all smoke and mirrors.
  •  Guest
  • | IP XX.XX.12.130
Yeah alright unemployment rate might be manipulated but what about the +280k on employment change ?
This is much more than anyone expected.
Someone knows something we don't
Quoting TheTonik
Good. Traders are seeing through the US Governments manipulation of jobs data. Its all smoke and mirrors.
super like, never depend on US data, all data totally manipulated.
This is called money losing game ...... Now what kind of strong data need to make USD strong ?

Non-Farm Employment Change : 288K

Unemployment Rate : 6.3%

Not enough ?


Crazy market & crazy traders !
Oooooooooopppppppppssssssss
How bout newbs look beyond the headline number.
When the facts change I change my mind, what do you do sir
Quoting Crucifix
This is called money losing game ...... Now what kind of strong data need to make USD strong ?

Non-Farm Employment Change : 288K

Unemployment Rate : 6.3%

Not enough ?


Crazy market & crazy traders !
Naaa …. check out Ukraine, Russia, UN and Gold …… all happening on EU border
thank God i didn't have a single trade in any usd pair
  •  Guest
  • | IP XX.XX.12.130
Could be Russia though. Anyway the data is extremely good, US job market is on the right track and that is what Fed is watching.

Expect more tapering.
More like "this is what manipulation look like"
"this is what a reversal looks like" hahaha what a joke that guy is
Improvise, Adapt, Overcome.
no fundamental or assuming manipulation can answer this. some big daddy just want to take a lot money.
Quoting Crucifix
This is called money losing game ...... Now what kind of strong data need to make USD strong ?

Non-Farm Employment Change : 288K

Unemployment Rate : 6.3%

Not enough ?


Crazy market & crazy traders !

never trade due to data!!!! all markets all manipulated, only thing you can trust is chart and chart was shouting very loud "stay away, don't buy USD". Finally great opportunity came.
Selling into this BS. NY traders always pull this.
"The market can remain irrational longer than you can remain solvent"
  •  Guest
  • | IP XXX.XXX.91.11
This is what you call keeping the dollar weak
  •  Guest
  • | IP XXX.XXX.50.103
Quoting guest
yeah alright perfect opportunity to buy usd. Thanks to the dude selling like mad.
crazy.... I dont know how to trade
unbelievable turn after the bell.. I was into 50+ profit considering the favorable data, so I let it be for more profit which i surly thought it's going to happen, lol.. gotta love this market.. this was the icing on the cake for this f ing week.
Passion, Persist, Patience, Protect
  •  Guest
  • | IP XX.XX.12.130
This is craziest move ive seen for a long time. Not a big move but such a good nfp report having finally no impact is really astonishing.

Asians will be very happy to see USD at this level when their market open on monday. Unless it goes back on uptrend before bell.
This is called money losing game ...... Now what kind of strong data need to make USD strong ?

Non-Farm Employment Change : 288K

Unemployment Rate : 6.3%

Not enough ?


Crazy market & crazy traders !

Really its Crazy market. especially who avoid money management.
yes we can buy Usd for next 2 week.
just use proper risk ratio.
mind it Unemployment Rate 6.3%!!!!
Quoting hasan...
This is called money losing game ...... Now what kind of strong data need to make USD strong ?

Non-Farm Employment Change : 288K

Unemployment Rate : 6.3%

Not enough ?


Crazy market & crazy traders !

Really its Crazy market. especially who avoid money management.

those who avoid money management are begging to take all their money
  •  Guest
  • | IP XX.XXX.106.154
after 7 years of Trading in Forex, this is first time i have seen something like this move after such strong NPF report euro does not fall, can't believe it.
now, i think there is nothing sure here, no fundamental is correct,
chart has still something,
CRAZY..
After 7 years of trading this is the first time you are seeing this? I saw it quite a few times last 3 years in trading Forex.
  •  Guest
  • | IP XX.XX.12.130
Sure thing is...gl to day traders having strategies based on data. Im glad im more into medium long term trading.
I think this is a coordinated effort to keep usd down despite cutting down on QE.
one word..UKRAINE
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  •  Guest
  • | IP XXX.XXX.207.60
I think today´s Ukraine situation weighs more than a NFP that it is no longer a critical event for the FED.
the euro has to go down then when no one is hoping for .... nothing happens, there will be no news, no one would say anything, but the euro will slowly but surely go down, .... that no one will know why it happens, but every day will go down, regardless of the news that will be either good or bad.
Quoting imbonitore
the euro has to go down then when no one is hoping for .... nothing happens, there will be no news, no one would say anything, but the euro will slowly but surely go down, .... that no one will know why it happens, but every day will go down, regardless of the news that will be either good or bad.

hehe nevertheless, real money are on long positions so far.
keep in mind the russia ukrain issue before placing order......................
  •  Guest
  • | IP XXX.XXX.141.30
Euro will definitely go down. Situation in Europe, deflation, Ukraine crisis should drive it down. However, sterling is difficult to predict because both the US and UK have growth. Only thing that will affect sterling badly will be Scotland's independence.
  •  Guest
  • | IP XXX.XXX.207.60
Quoting Guest
Euro will definitely go down. Situation in Europe, deflation, Ukraine crisis should drive it down. However, sterling is difficult to predict because both the US and UK have growth. Only thing that will affect sterling badly will be Scotland's independence.
The situation in Ukraine as a matter of a fact is helping the Euro, Russian smart money is just fleeing to Europe.
Quoting Guest
The situation in Ukraine as a matter of a fact is helping the Euro, Russian smart money is just fleeing to Europe.
absolutely wrong GU UJ reaction is almost same , $ is falling bw.
eurusd target level 1.3915 then 1.3960, don't sell eurusd
Who do you expect to take the other end of your trade when the news are this obvious? Santa Claus?
  •  Guest
  • | IP XXX.XXX.116.174
i placed sell deal EU based on the record breaking non farm payroll 288k and good unemployment rate at 6.3 only to find out that it reversed due to some stupid low grade news called factory orders mm ughhhh i dont understand what it didnt went down atleast 150 pips with such a big news. is the stoploss hunting rumers true does market intentionally takes a opposite path to hunt stoplosses lol, i need to jump back into stock markets there is less profit there but less risk of lossing money too
Fortunately for me made some 40 pips. Even Yellen can't do anything with USD, let alone NFP.

Like many others, I don't like USD atm. But then What should I like better than USD?

So sell USD high and Buy it low. That summarizes the market today. GL.
Don't worry when USD will go through down nothing can stop it. Keep patience and see the next 45-60 days.
Ukraine has been there for a while, it's just that when they are doing something which is not predictable they have to blame something or someone, alas nothing is fair in life and this is trading.
  •  Guest
  • | IP XXX.XXX.104.159
Well today was the easiest day to trade. Waited for NFP to release. Solid report, after first spike down none of the usd pair were moving down. So take the trade in opposite direction after 20 min in Cad, NZD,jpy and gold. Boom in one hour everything reverses to gap where I closed. But could have gained more. That is fine.
I posted a chart on FF this morning before the data came out

http://screencast.com/t/vz91CJOH, obviously most people here lost money. The reason you lost is because you don't understand the markets, nor do you realise what trading is about.

Its got nothing to do with data, its all about supply and demand, the identification of thoses points on the chart and trading them. News is there to allow the markets to satisfy the supply and demand points, nothing more.

My lower line nailed the low of today, sadly most of you will blow your accounts before you spend a cent on educating yourselves. This is a hard business and most of you will lose at it because you are just guessing or gambling. My advice to you all is get smart, get educated to read the market and stop trading till you can nail the low or high of the day at least three times a week.
Quoting Mike Haran
Its got nothing to do with data, its all about supply and demand, the identification of thoses points on the chart and trading them. News is there to allow the markets to satisfy the supply and demand points, nothing more.
nice comment Mike. I guess i agree with you about this when it comes to average incoming data and information shocks.

but when it comes to things like unexpected disasters and and even extreme unexpected data or news and or central bank interventions then it is my belief that such information shocks would nullify even the most certain supply and demand points.

I dont really know for sure its just what i feel about that i could be wrong
This news can also be translated like this "the US consumer has more money and will buy more things" so its not such a bad news for the EU and so on.

Its not the first time this is happening, the initial reaction was the one that was expected but there was no reason for that one news to reverse the trend... so it went back after the initial impact faded.
100% correct. US jobs data was as expected hence it was priced in, hence no reason for any change I even laid it out in another post before the news, saying if the data comes in better than expected expect no change. That is exactly what we got no net change but a big kick in the teeth for anyone out there with a 2 or 30 pip stop and trading 200:1 leverage. These markets are killers and the more you learn about how they work the more money you can make. Knowledge in trading is crucial, it is a very tough business to crack
USD will fly(up) in this week, sell Gold and Silver
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  • Story Stats
  • Posted: May 2, 2014 10:50am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 47  /  Views: 12,050