Since you are one of the most experienced member of this forum, what are your thoughts on the NFP
Alternatives are more important than the plan itself
MT4: how to change "EURUSD" to "#EURUSD"? 3 replies
Re: EurUsd short term 15 replies
did oanda just drop its spread for eurusd to 1 pip? 11 replies
EA for multiple lot limit order for EURUSD 0 replies
NFP nice bump up on EURUSD 2 replies
Dislikedit's happens due to no communication , next time make a proper communication with your godIgnored
Dislikedbut still this is very likely how the market will react. Ive been trading the NFP for about 2 year. What I have learned is that the EUR/USD is not simple to predict, this is why I decided to put more attention to Gold and oil who are more easy to predict.
Since you are one of the most experience member of thins forum, what are your thoughts on the NFPIgnored
Dislikedit's happens due to no communication , next time make a proper communication with your godIgnored
DislikedNothing is simple to predict in a short run.
One good way to trade NFP is to either 1) stay away from NFP, or,2) wait until pa hits the nearest long-term support/resistance, set sl just behind that support/resistance and look for at least 1:3 r/r. Be careful with sudden spread widening and platform freezes.
I am longer-term short with no stoploss or takeprofit. Tomorrow's NFP will be just an event for me. A couple of hundred pips up or down won't bring much joy or pain.Ignored
DislikedAction for the NFP
If positive :
1) I will long Nymex crude oil
2) I will short EUR/CAD. why, simply because oil price are likely to go up and if oil price go up, the CAD will also go up. But since its a good US news, the CAD will be more efficient against the EUR or GBP than USD
3) I will short gold. Gold will go down big time in this scenario
If negative :
1)...Ignored
DislikedI try to establish communication with everybody's God................ but don't have the right WiFi.Ignored
Disliked..........wait until pa hits the nearest long-term support/resistance,.....Ignored
DislikedMarket talk is that QE3 is still weighing on some BB trader's minds(When will they realized there won't be QE3).
So I'd still proceed with caution with the chance that the mindset "good news is good news and bad news is good news." still lingering.
I'll probably play the USD/JPY for NFP and build my position trades.
One risk on your EUR/CAD trade though, is contrary to what we think, the EUR correlation with oil is pretty damn strong if you backtest the data. Just something to keep on your mind.Ignored
DislikedMarket talk is that QE3 is still weighing on some BB trader's minds(When will they realized there won't be QE3).
So I'd still proceed with caution with the chance that the mindset "good news is good news and bad news is good news." still lingering.
I'll probably play the USD/JPY for NFP and build my position trades.
One risk on your EUR/CAD trade though, is contrary to what we think, the EUR correlation with oil is pretty damn strong if you backtest the data. Just something to keep on your mind.Ignored
DislikedWell, in the short term, Gold will react strongly on this event. A nice figure will suggest that the US economy is improving, thus the world economy is likely to full and this is why I think oil will go Up. For EUR, as I said, be have been bearish for the whole week, people will have to close some of their shorts. they are more likely to close them if the NFP figures are negative. And finely, no Oil doesn't react with currency. If oil price go up, the Canadian dollar will follow. Since its a good news for the US, I will not trade the USD/Cad, but...Ignored
Disliked1.2696... you are one of the most optimistic ppl around. i can see that you are aiming at triple top. but i am not sure the resistance can handle the third attempt.Ignored
DislikedJust pointing out the potential downside risks for you to keep in mind. I am not saying that the reasoning behind your trades are flawed.Ignored
DislikedAction for the NFP
If positive :
1) I will long Nymex crude oil
2) I will short EUR/CAD. why, simply because oil price are likely to go up and if oil price go up, the CAD will also go up. But since its a good US news, the CAD will be more efficient against the EUR or GBP than USD
3) I will short gold. Gold will go down big time in this scenario
If negative :
1) I will short...Ignored
Dislikedmaybe this is the bottom you are talking about
but maybe it will fall further... who knows...
https://lh5.googleusercontent.com/-e...y%25202012.jpgIgnored
Dislikedhaha any calculation that is say this piece of crap is go down is ok by me haha
I dont have 2187 but I do have 2131 this is the all time mid or average price she ever been, everyone who follow ma,s will understand the magnetic power of mids, however there are some important lows to get through first, each one should be treated with respect, I only looking at historical weekly and daily lows though
soooooo a new weekly low will have taken out this mid 2131 and targeting 1643 next stop
hahahahah this all pie in sky, but has been my plan for...Ignored
DislikedKiller Fish wants to know everyones opinion on the Non Farm tomorrow.Ignored