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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #194,501
  • Sep 4, 2009 7:08am Sep 4, 2009 7:08am
Quoting OrionsWay
hahaa no offence taken

At one time in existance ppl thought the planet was the center of the universe, Or the ones that knew better fought and killed to make sure ppl would never know the real story. Not so much has changed after thousands of years realy.


Illuminati still winning BUT only for a short period longer
OK, good. Just an opport. for a joke I couldn't resist. That's all.
  • #194,502
  • Sep 4, 2009 7:16am Sep 4, 2009 7:16am
Quoting Raza
They designed This Currency also for a SELL OFF...ITS FALLING FOR 30 some Years.....

They better not make NFP good this Time.. Dont think G/J will go Up any more..Doubt it Now... I was referring to test of 156-158..

Guess we may see Double Bottom.,BIG ''W'' formation.. May BE..

I am surprised at Real estate IN canada..ITS all good here so far..People are blowing money like there is no Tomorrow.. Real estate is

Still booming..People are Buying as if they are buying Clothes...I think its gonna Fall hard here too.I am thinking of selling Mine..And...
Employment is a lagging indi. So other variables should improve before NFP blows the socks off anybody.

Let's see if it rises by a little (bearish) or a lot on good news. If it falls by a little on bad news it means any of:

a) bad news has been discounted (is in the market/price already)
b) we're in a range and/or
c) other variables are gonna drive GJ (I think a more bullish Jap. consumer).

This is the the surprise, the possible joker in the pack that's not been factored into yet, I think.
  • #194,503
  • Sep 4, 2009 7:19am Sep 4, 2009 7:19am
Quoting rgitt05
I heard some of my friends from Canada that come to the USA for health service because the wait is too long..Anything free will have long waiting lines..

USA maybe heading that way if the Obama past his health reform bill

Good definition of support and resistance: "Yes we can", "No we can't".

Either/or.
  • #194,504
  • Sep 4, 2009 7:21am Sep 4, 2009 7:21am
maybe down next week,,
  • #194,505
  • Sep 4, 2009 7:24am Sep 4, 2009 7:24am
doesnt seem to have been any profit taking from longs going into this? in which case they may be planning to take it up knowing its going to be better? hmmm

its stopped just below a lot of resistance at 152, 152.30, 152.50. they probably know nfp is just the thing to get them above all that resistance without much effort
  • #194,506
  • Sep 4, 2009 7:29am Sep 4, 2009 7:29am
NFP News leak
  • #194,507
  • Sep 4, 2009 7:33am Sep 4, 2009 7:33am
Quoting Pipsqueak
Does anyone here think we're going back to 163?...


wrong ... low volume in market last few days .. price being pushed up so that Tuesday the us traders sell at discount ,,, your stop loss will get hit by about Thursday of next week
Blogging daily now at www.volume.zone
  • #194,508
  • Sep 4, 2009 7:39am Sep 4, 2009 7:39am
That'll do for the week for me. Took a risk and bought more on the dip. Now flat. I think we could see a tear northwards today now, but I'm happy to be out.
  • #194,509
  • Sep 4, 2009 7:40am Sep 4, 2009 7:40am
YES! went long 151, 151.50, 151.77, closed them all at 152.60! about goddamn time i did something right. took another 37 from a short at 152.50
  • #194,510
  • Sep 4, 2009 7:41am Sep 4, 2009 7:41am
Quoting Eulogy
NFP = Non-Farm Payrolls

Basically the US monthly employment report that comes out on the first Friday of every month. Its due in about 6.5 hours time. Its arguably the most volatile report. If you haven't traded NFP before i would suggest you view this month as a learning experience ONLY and not place any new trades as the report is coming out. Its definitely not a report for the faint hearted and can cause GJ to move several hundred pips in both directions in a few seconds.

LUCKILY I heed your advise. I didn't do anything . both way, up to 100+ pips.
Read the entire market, money is made on the main trend not the fluctuation
  • #194,511
  • Sep 4, 2009 7:42am Sep 4, 2009 7:42am
The second mouse eats the cheese.
  • #194,512
  • Sep 4, 2009 7:48am Sep 4, 2009 7:48am
Technically the news is bad...it is getting worst...
  • #194,513
  • Sep 4, 2009 7:50am Sep 4, 2009 7:50am
anyone have any clue where its going now? lol

its still only done a daily range of 186 pips!!!!! theres at least 100 pips more to go yet one way or the other unless its the strangest NFP day in history
  • #194,514
  • Sep 4, 2009 7:52am Sep 4, 2009 7:52am
my stops were taken out
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  • #194,515
  • Sep 4, 2009 7:53am Sep 4, 2009 7:53am
I guess many person broke and rich by that move..
Read the entire market, money is made on the main trend not the fluctuation
  • #194,516
  • Sep 4, 2009 7:53am Sep 4, 2009 7:53am
-216k more unemployed. expected -223k
-9.7% unemployment. exepcted -9.5%

so...... with less people than expected getting laid off, it means that the unemployment rate rises higher than expected..... no wait. That doesn't seem right.

Perhaps something to do with the change in the participation rate.

So.... with less people than expected getting laid off and with more people falling off the unemployment list due to discouragement, it means that the unemployment rate rises higher than expected...... no wait. That's not right either.

The only way that could happen is if people come back onto the unemployment list and somehow become re-encouraged to search for work again, even though there's none to be had.

*Scratches head* "I'm definitely missing something here"

Answer: Birth/Death Model - Month of August, the BLS pulled 118k imaginary jobs from their arses and tacked it onto the report to make themselves and the administration feel good.
  • #194,517
  • Sep 4, 2009 7:55am Sep 4, 2009 7:55am
Quoting I like steak
to close the trade or not.....

I put a stop loss on this order at 151.40...which got hit after NFP...then went long again and closed out on +/- 100 green pips..

waiting now for a new long to close the week...

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  • #194,518
  • Sep 4, 2009 7:55am Sep 4, 2009 7:55am
wow I wonder how many had heart attacks there...
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #194,519
  • Sep 4, 2009 7:55am Sep 4, 2009 7:55am
Quoting Kofmaster

LUCKILY I heed your advise. I didn't do anything . both way, up to 100+ pips.

I never trade 2 hour either side of 2 things

1 nfp
2 interest announcements

one trade mentioned they caught almost bottom and sold almost top .... I doubt it that move was 20 seconds and they would have got requotes like crazy as price moved away form them at rapid speed

I have allowance of 20 pip difference from pressing buy or sell button and if being stupid and trading news often will not get filled on moves like on we saw today

trading nfp is an account killer .. simple .... been in this game 7 years it is the one day I sit out of daytrading
Blogging daily now at www.volume.zone
  • #194,520
  • Sep 4, 2009 7:56am Sep 4, 2009 7:56am
"Millionaires don't use astrology, billionaires do"
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