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

  • #101
  • Dec 8, 2006 5:49am Dec 8, 2006 5:49am
i have a buy at 1.9547 on gbp/usd im shooting for a 100 pip profit so that will be 1.9647 might get out earlier profit now at 85 pips so lets see
If I Go Broke Trying Then I Will die happy.
  • #102
  • Dec 8, 2006 5:49am Dec 8, 2006 5:49am
Quoting merlin
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.
well that was easy LOL
Relax and be happy.
  • #103
  • Dec 8, 2006 5:50am Dec 8, 2006 5:50am
Did anyone get a huge spike up on the EUR/USD?
  • #104
  • Dec 8, 2006 5:51am Dec 8, 2006 5:51am
50 pips profit long, i predicted a whipsaw, and revisions
  • #105
  • Dec 8, 2006 5:52am Dec 8, 2006 5:52am
im out at 110 pip profit. so im out for the day.
If I Go Broke Trying Then I Will die happy.
  • #106
  • Dec 8, 2006 5:52am Dec 8, 2006 5:52am
Nowww...I left the buy stop in at 1.3290, it got hit and the trade automatically exited at 1.3316 on the EURUSD on the FXDD demo...Again, there was no TP or SL entered on the order. Any thoughts????
  • #107
  • Dec 8, 2006 5:53am Dec 8, 2006 5:53am
Revisions are as follows:
OCT NFP revised from 92K to 79K.
SEP NFP revised from 148K to 203K.

Total revisions +42K ?!!! Why did the $ weakens??!!
  • #108
  • Dec 8, 2006 5:53am Dec 8, 2006 5:53am
Quoting Trader Valsky
Ok Moe il be with you what is the target as well as at what rate for us to cut loss...
there should be no loss things went accoring to plan. this is a big move.
If I Go Broke Trying Then I Will die happy.
  • #109
  • Dec 8, 2006 5:54am Dec 8, 2006 5:54am
Damn those CB interventions
Russians are selling the dollar.
Why don't they just leave us traders alone
  • #110
  • Dec 8, 2006 5:56am Dec 8, 2006 5:56am
boys we looking at 1.9700 on the pound
If I Go Broke Trying Then I Will die happy.
  • #111
  • Dec 8, 2006 5:58am Dec 8, 2006 5:58am
Quoting Moe
im out at 110 pip profit. so im out for the day.
Congrats bro what a trade it was happy weekend!:-)
  • #112
  • Dec 8, 2006 5:59am Dec 8, 2006 5:59am
Crap, this one really whipsawed my profits.
Hope you guys had better luck...
  • #113
  • Dec 8, 2006 6:02am Dec 8, 2006 6:02am
Nicely played, Moe.

Thanks for sharing your logic as well.

Regards.

dwt
  • #114
  • Dec 8, 2006 6:02am Dec 8, 2006 6:02am
Quoting Trader Valsky
Congrats bro what a trade it was happy weekend!:-)
the shit is still going up, boys this could be a big one. i have no regerts getting out earlier, for those of you who still in i think the pound will reach 1.9700

greed is good only when its control. good luck to those that or still in.
If I Go Broke Trying Then I Will die happy.
  • #115
  • Dec 8, 2006 6:02am Dec 8, 2006 6:02am
Quoting Moe
boys we looking at 1.9700 on the pound
Just got out at 9680 for +110. Great way to end the week.
  • #116
  • Dec 8, 2006 6:06am Dec 8, 2006 6:06am
Quoting Moe
im out at 110 pip profit. so im out for the day.
Congratulations Moe.

I initianlly lost 37 pips, then lost another 32 pips when I thought the market will no doubt go lower. How wrong I was.
I'll spend this evening licking my wounds.

Quoting merlin
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.
Merlin, I will always follow your lead from now on.
  • #117
  • Dec 8, 2006 6:07am Dec 8, 2006 6:07am
some traders panic when they saw that spike go against them here's why i don't panic. i can't say this enough.

Trading is not a sprint but a marathon. Compounding money is a powerful thing.

Be patient and persistent: To develop persistence, you must force yourself to do everything according to the rules of your trading method or system.

Exercise discipline: Discipline is the ability to plan your work and work your plan.

Always, Always use stops loss, even if mental.
Protect your profits at all times.

Accept your losses. If you cant accept your losses you will become a nerverous trader.

When in doubt stay out.<!-- / message --><!-- / message --><!-- sig -->
If I Go Broke Trying Then I Will die happy.
  • #118
  • Dec 8, 2006 6:08am Dec 8, 2006 6:08am
Congrats Merlin, Moe and Devil! (do I have to worship satan to make these amounts of pips? I'll grow horns right away, I promise!)


Really great going

For anyone interested in a potential Price Action way of guessing where things are headed - the 15m made a pin bar

Stayed out of this one, already had trades on in crosses.

Best wishes,

SeekingLight

P.S. is it just me or are the pin bar + eyes formations similiar to the devils trident? j/k!
Attached Image
Trust price. Know yourself.
  • #119
  • Dec 8, 2006 6:08am Dec 8, 2006 6:08am
Quoting 1Sundevil
Just got out at 9680 for +110. Great way to end the week.
thats what im talking about.
If I Go Broke Trying Then I Will die happy.
  • #120
  • Dec 8, 2006 6:12am Dec 8, 2006 6:12am
Quoting Shafii
Merlin, I will always follow your lead from now on.
you dont want to do that man, i might lead you to the poor house

my analysis was pretty spot on this time, but guys on here can testify that ive gotten em just as perfectly wrong
Relax and be happy.
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