having put up alot of different thread on here then i think i should have one where i will keep on updating.this thread is not ment for the pros and the gurus, it is ment for people like me and you just trying to make some nib.before i proceed i will like to make an altar call to some point:1) Never let a winner turn into a loser2) logic wins, impulse kills3) never risk more than 2% per trade4) trigger fundamentally, enter and exit technically5) always pair strong with weak6) being right but being early simply means that you are wrong7) know the diffeence between scaling in and adding to a loser8) what is mathematically optimal is psychologically impossible9) risk can be predetermined; but reward is unpredictable10) no excuses everif you can control 70% of this then you are on your way to success, then doing the the simple tradding plan makes it easier.as i said in the thread NO FREE PIPS (nfp)we saw some bull on euro which was attributed to alot of thingsone the previous was revisedtwo the actual data was too goodthird the jump in unemployment datahaving all this is mind the eur/usd did move but for me am not done with nfp yet, as there is always a retracement after a big move like that(but when is the question).but in the bigger picture The sharp rise in unemployment is likely to have a very negative impact on the psyche of the US consumer. While few people in US pay much attention to the intricacies of BLS accounting, most are keenly aware of the direction in the unemployment rate and Friday's report makes clear that it is moving in the wrong direction. As we noted in our post NFP analysis, "The next key data point for the US economy will be Retail Sales due Thursday June 12th at 12:30 GMT. Given the fact that employment has suffered its fifth consecutive month of losses, the US consumer is likely to retrench spending. For the time being sentiment is heavily skewed in euro's favor, especially after yesterday uber-hawkish comments by ECB President Jean Claude Trichet. If next week's economic data proves as disappointing as today's NFP – the EURUSD may mount another challenge on its recent record highs.enjoy
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