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  • Retail Sales Increase as U.S. Consumers Propel Growth Rebound

    From bloomberg.com

    Sales at U.S. retailers picked up in May, a sign households are finally willing to put the gains from continued job growth and lower fuel prices to work. The 1.2 percent increase matched the median forecast of economists surveyed by Bloomberg and followed a 0.2 percent advance in April, Commerce Department figures showed Thursday in Washington. The gain was broad-based with 11 of 13 major categories gaining. The data show American consumers are ready to spend on more than just automobiles, unlocking months of savings from cheap gasoline and higher incomes as the labor market improves. A pickup in purchases -- ... (full story)

buy usd
eur 1.0000
  •  Guest
  • | IP XXX.XXX.253.86
fuck that See THAT USDJPY
I go short on buying xausud and get profit too .
What is this.....A FEW Days ago the mouthpiece of the FED Said why YOU the people are not spending?........ Hmmm today we have these Goldilocks numbers, hmmmmm to ME that just don't add up, but whom am I to argue with them.....
  •  Guest
  • | IP XXX.X.113.82
Ha ha ha .............Market is going in other direction, even though USD posted some strong data !!
long eurusd
Mixed Data always Spin the twisted Effect in mkt,so stay away from the impact time,then only enter.
Quoting saeeeed
buy usd
You're trying to influence a 1 trillion-$-a-day market with a post on a website? Exit your position.
What the hell is going on in these markets? A 30pips up and then reverses immediately in an M5 chart. When will the market come back to normalcy? Good I restrained myself today. PA of late is horrible
haywire..up and down? suppose what?..usd still bullish?
lol... the MMs/institutions are really devious today... should have anticipated it.

They run price down before NY open so that in case news is good, they are LONG already.

Then after news is bad, they run even more stops and add to their longs.
Build good relationships with others.
It is still USD bear market. Looks like nothing can help USD anymore.
respect the price action - expectations for retails sales wors much to height
Why this crazy moves happen? Up n down
weak money and strong money always the same

supply and demand - don't worry
So much for good news
Quoting shellsnail
lol... the MMs/institutions are really devious today... should have anticipated it.

They run price down before NY open so that in case news is good, they are LONG already.

Then after news is bad, they run even more stops and add to their longs.
Moreover to coordinate amongst themselves, they leave gaps on the 1 min chart on purpose I think.

If you see eur/usd 1 min chart, there's a gap unfilled around 1.1263.
Build good relationships with others.
buy again usd

excellent opportunity
Quoting Guest
Ha ha ha .............Market is going in other direction, even though USD posted some strong data !!
love these banker dudes huh..

lol.....

devious mofos indeed
Come with me if you want to live....
SL hunting??
  •  Guest
  • | IP XXX.X.113.82
Quoting botax93
Why this crazy moves happen? Up n down
Where do you see up and down ?! It is only USD down.
sell
@1.1260 tp : 1.0000
Quoting Ill-b-back
love these banker dudes huh..

lol.....

devious mofos indeed
A smarter man than me said "News is only important when the market doesn't react in the direction of the news"
bad liquidity as a chance .. i'm out
Ojiego. this is largely down to automation and technical trading.

Pt 1: Many automatic orders placed to buy at 1.12 without regard for releases which caused this)

Pt 2: Positions taken because of the great release are taken with (too) tight a stop loss. So the automatic moves of Pt 1 trigger Pt 2. which then (temporarily) move the market in a ridiculous counter movement to the original release!
Quoting shellsnail
Moreover to coordinate amongst themselves, they leave gaps on the 1 min chart on purpose I think.

If you see eur/usd 1 min chart, there's a gap unfilled around 1.1263.
Now that area is becoming ominous to me .... it has just turned to a Res area now .... still watching
US Dollar remains STRONG this week.

Maintain all your "BUY USD" positions.
Anchor profits with at least 50 to 60 Pips Trailing Stop.

Don't be influenced by any "tweetility" or "storytility" ( my current substitutes for "volatility").
Quoting SuicideStu
Ojiego. this is largely down to automation and technical trading.

Pt 1: Many automatic orders placed to buy at 1.12 without regard for releases which caused this)

Pt 2: Positions taken because of the great release are taken with (too) tight a stop loss. So the automatic moves of Pt 1 trigger Pt 2. which then (temporarily) move the market in a ridiculous counter movement to the original release!
Since you understand this so well, did you have a buy limit at 1.12?
There has been no break-out attempt yet. If a break-out fails, then USD shorts should exit.
Build good relationships with others.
Quoting shellsnail
lol... the MMs/institutions are really devious today... should have anticipated it.

They run price down before NY open so that in case news is good, they are LONG already.

Then after news is bad, they run even more stops and add to their longs.

Same thing on Aussie employment data last night. Great data, spike up on Aussie followed by hours and hours of selling! Market Makers at their finest! They did the same on Good GDP news last week on Aussie too!

Happy Trading!
Quoting alexpi
Since you understand this so well, did you have a buy limit at 1.12?
Exactly Alexpi! I was too humble to ask such question ......
Quoting alexpi
A smarter man than me said "News is only important when the market doesn't react in the direction of the news"
Quoting alexpi
A smarter man than me said "News is only important when the market doesn't react in the direction of the news"
Bad UK data yesterday - Pound rises.
Good US data today - USD falls

I hold news in low regard at times.
Funny thing, I misspelt "times" in sentence above when texting, and auto text posted "crimes".

Quite apt

Come with me if you want to live....
Quoting Ill-b-back
Bad UK data yesterday - Pound rises.
Good US data today - USD falls

I hold news in low regard at times.
Funny thing, I misspelt "times" in sentence above when texting, and auto text posted "crimes".

Quite apt

I always hold news in low regard. Don't make trading decisions based on something someone already knows before you know it, especially if the one who knows is a Central Bank.

You're right about the crimes part
ye with little confidence.
...
Pt 3 - the news sinks in and the market follows the meaning of the release.

June rate rise is unlikely because the pick up in data has come too late for the Fed to get their act together before their summer holidays.

However, September rate rise WILL happen now. The winter lull has finished and the figures will go through the roof over the summer.
  •  Guest
  • | IP XXX.X.113.82
The last two/three weeks are totally epic !! Market moved the way the market makers wanted. And today we are watching another example of that. Even though some specialist are also trying to justify with their super human skills.
Quoting SuicideStu
...
Pt 3 - the news sinks in and the market follows the meaning of the release.

June rate rise is unlikely because the pick up in data has come too late for the Fed to get their act together before their summer holidays.

However, September rate rise WILL happen now. The winter lull has finished and the figures will go through the roof over the summer.
Watch for 1.5525

Also potential break of 1.5555 so all the fast fundabears get trapped.

Also potentially 1.565 as an extended target so all the slow fundabears, who were waiting for the fast fundabears to get trapped, get trapped as well.

Then short, eventually, if PA is good, with targets at 1.515 and 1.503, and extended target at 1.493/6...

But yeah, it's the fault of the automatic trading machines who were developed by automatic software writing software, developed by automatic automateering gadgets
alexpi - I don't expect I will live long enough to ever see your targets. What star sign are you (technical trading = astrology; fundamental trading = astronomy)
Quoting SuicideStu
alexpi - I don't expect I will live long enough to ever see your targets. What star sign are you (technical trading = astrology; fundamental trading = astronomy)
hahahaha
these guys just can't stop manipulating the markets for a sec, but at the end though i can't complain because i making alot of money off the news since recently.i time the news like the lion and gazelle waiting for it to make it 500 pip move then bam jump in on that son of a gun and get another 500.greed is good my friend.
  •  Guest
  • | IP XX.XX.162.189
Where is the manipulation?!?!?

you guys are killing me, every single news release, every single time.
Things cannot just happen, they are planned planned planned.

If the market always went up on any news beat, or down on misses, everybody would quit work and have the easiest job. Just wait and click and you're rich!

I set stop (non-stop loss) orders and limit orders all the time. No matter the news.
I play price levels like many others because its complimentary with my trading style.
I don't lurk on my computer waiting for the news and try to outspeed faster computers and faster internet connections all over the world.

I swing trade for days to weeks, to enter and exit, through many news releases.

So for bigger traders doing the same, they can simply just have a limit order, that gets hit by a news jump, drive the market back down the 100pips it shot up. Iv been the trader who has seen the 150pip shot up in 5 minutes, and then look for sell stop levels on the way down taking advantage of oversold/bought momentum, what have you.

Its not a bunch of goons in 'the banks' twittling there thumbs and fingers singing 'muahahahaha, fools! fools!'

you all sound like nerds trying to get rich than actual men and women taking trading seriously and the time and effort to educate and strengthen your strategy and tactics.
above all you sound lazy.

To me this news simply gives me reassurance that USD is still on track. Sept or Dec sounds likely more so every news release like this.

Many traders globally are already positioned, so they're are few to jump in now on this news. There is no surprise for it beating expectations, the status quo is US improving towards a policy normalization. The surprise would have been a significant drop, this news was a play to SELL USD IMO, with a Sell-Stop on a big MISS
In Forex, always expect the unexpected! The market may or may not obey economic principles so one should be prepared for positive, negative or irrelevant news.

Accounts should be financed adequately to withstand flux and lot volumes should be tailored to one's financial capacity.

Day trading is extremely dangerous financially because you are at the mercy of the whims and caprices of a dynamic market. It is better to have a strategy that looks a month or more ahead so that your trading is in fact an investment and not a day trade.

If one has done their homework it is a question of navigating the vagaries of Forex to reach your target destination.
Quoting SuicideStu
alexpi - I don't expect I will live long enough to ever see your targets. What star sign are you (technical trading = astrology; fundamental trading = astronomy)
I prefer being smart with my trades rather than with my keyboard.

You made the mistake of thinking I was trying to convince you when I was just sharing

All the best.

Edit:
Do bare in mind that my expectation for shorts is subject to a lot of things happening before that
Quoting Guest
Where is the manipulation?!?!?

you guys are killing me, every single news release, every single time.
Things cannot just happen, they are planned planned planned.

If the market always went up on any news beat, or down on misses, everybody would quit work and have the easiest job. Just wait and click and you're rich!

I set stop (non-stop loss) orders and limit orders all the time. No matter the news.
I play price levels like many others because its complimentary with my trading style.
I don't lurk on my computer waiting for the news and...
Thank you, Guest, make an account so I can subscribe to you. Smart views are always welcome in my books
I neve set a SL. Why? I just sit on the Laptop and wait to the wins... Is that a good strategy...?? :-)) No SL, NO TP. Just klick and take the win...
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