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Attachments: Trading the NFP this friday
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Trading the NFP this friday

  • #81
  • Dec 8, 2006 7:33am Dec 8, 2006 7:33am
crap!
  • #82
  • Dec 8, 2006 7:34am Dec 8, 2006 7:34am
What the hell is happening? This thing looks like an yo-yo!
  • #83
  • Dec 8, 2006 7:34am Dec 8, 2006 7:34am
damn these servers are strong!!!!
Relax and be happy.
  • #84
  • Dec 8, 2006 7:34am Dec 8, 2006 7:34am
Now that was weird...

I was doing this on an FXDD demo. Sold the EURUSD on the NFP report at 1.3258 with no ST or TP entered on the order (just a demo folks) and I was automatically taken out of the trade at 1.3252. The trade exited on its own...
  • #85
  • Dec 8, 2006 7:35am Dec 8, 2006 7:35am
Quoting rusty105
132k, looks like FF was the closest to the mark !! Way to go
I assume that means it is suppose to go up?
Steve
  • #86
  • Dec 8, 2006 7:37am Dec 8, 2006 7:37am
The numbers are not bad for $, but still nothing happening ???
  • #87
  • Dec 8, 2006 7:38am Dec 8, 2006 7:38am
Quoting merlin
no i mean if NFP is good, dollar will rally, then after a while it will run into a brick wall of sellers. when it hits this wall, sell.
ok so this is the scenario happening right now. the brick wall of dollar sellers has been seen, if they start winning i will be jumping on board.
Relax and be happy.
  • #88
  • Dec 8, 2006 7:38am Dec 8, 2006 7:38am
i hope you boys added to that spike. broke even then it spike back up now im holding long gbp/usd 1.9547 lets go
If I Go Broke Trying Then I Will die happy.
  • #89
  • Dec 8, 2006 7:42am Dec 8, 2006 7:42am
Best way to trade is a break of the high or low tunnell. So above 1.9586 long, or short 1.9528. But its a strong GBP/USD market, so I would think it would retrace upwards.
Forex rules
  • #90
  • Dec 8, 2006 7:42am Dec 8, 2006 7:42am
Quoting Moe
im going to buy and hold gbp/usd at 8;29.50 am any loss i will take like a man. good luck.
Congrats, Moe! And your exit at 571?
  • #91
  • Dec 8, 2006 7:43am Dec 8, 2006 7:43am
Ok Moe il be with you what is the target as well as at what rate for us to cut loss...
  • #92
  • Dec 8, 2006 7:44am Dec 8, 2006 7:44am
Quoting Moe
i hope you boys added to that spike. broke even then it spike back up now im holding long gbp/usd 1.9547 lets go
Is it me or does the market just not believe the NFP #s
Therefore what??
  • #93
  • Dec 8, 2006 7:44am Dec 8, 2006 7:44am
Wow Moe Ur d Mannnnn!!!! 1.9629 now
  • #94
  • Dec 8, 2006 7:45am Dec 8, 2006 7:45am
Well I did ok on the NFP report. Lost about 1 pip. I got very small slippage with forex.com platform (about 1 pips), but it did go kinda slow for a few min.

I short GBP/USD and went long EUR/USD with about a 30 pips stop loss on both. The idea was to let the winning trade run and the losing trade gets stopped out. Lotta whipsaw today, so I didnt make money. Over an ok day.
  • #95
  • Dec 8, 2006 7:45am Dec 8, 2006 7:45am
  •  roo
  • | Joined Nov 2006 | Status: prop trader | 1 Post
Merlin, where do you see that? It's not on the summary at BLS...
Quoting merlin
prior revised lower from 92k to 79k...
  • #96
  • Dec 8, 2006 7:45am Dec 8, 2006 7:45am
Damn...

Anyone got any idea what is going on.
Strong numbers + upward revision == weak $ ???!!!!!
  • #97
  • Dec 8, 2006 7:46am Dec 8, 2006 7:46am
here's a tip if your on the wrong side of the spike if you made the trade at 8;29.50 get back in the spike will come back to break even. so no profit loss.
If I Go Broke Trying Then I Will die happy.
  • #98
  • Dec 8, 2006 7:46am Dec 8, 2006 7:46am
Quoting Shafii
Damn...

Anyone got any idea what is going on.
Strong numbers + upward revision == weak $ ???!!!!!
The market looks to be trading the poor earnings and gain in unemployment
  • #99
  • Dec 8, 2006 7:46am Dec 8, 2006 7:46am
Quoting MichaelFX
Is it me or does the market just not believe the NFP #s
It's not just you ;-)
  • #100
  • Dec 8, 2006 7:47am Dec 8, 2006 7:47am
Quoting roo
Merlin, where do you see that? It's not on the summary at BLS...
i got it from TTN...
Relax and be happy.
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