If I Go Broke Trying Then I Will die happy.
USDJPY spread during NFP news release last Friday 06/09/13 32 replies
What were the reasons for post-NFP currency moves Friday? 2 replies
HI Low EUR CHF on Friday during NFP announcement 0 replies
Good Friday NFP 60 replies
Last Week Friday NFP announcement. 8 replies
Quoting MoeDisliked1.9700+ is commig boysIgnored
Quoting MoeDislikedno disrepect but i got a pm from a guy on this forum with the name unclesam any name like that i can't respond. sorry broIgnored
Quoting merlinDislikedbtw, its official, china is selling dollars. i didnt read it in a news story, the price action spells it out clearly.Ignored
QuoteDisliked
[IFR Forex Watch]
[SQUAWK BOX]
[14:12 EUR/USD: Reserve Diversification Still the Key]
Boston, December 8. Dealers report a variety of central banks came in to buy EUR/USD as prices bounced back after the decent US employment report. Two high profile bouts of intervention have been seen in the market in the last two days with Russia buying chunks of USD Ruble and converting part of the proceeds to EUR and the same being said for South Korea, which was a cable buyer as well earlier today. As long as central bankers look to spread their reserve risks, the EUR will be the prime beneficiary. Offers are seen layered up from 1.3350 to 1.3400 but expect black-box types to rush in on the buy side if recent 1.3367 highs are overcome. 1.3290 is support on pullbacks.
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Quoting MoeDislikedeven if some of you guys took my advice and brought gbp/usd at 8:29.50am You should of still made 100 pips, price came back to you and then some, because this is a big news event i always try to shoot for 100 pips on nfp day.Ignored
Quoting merlinDislikedIgnored
Quoting merlinDislikeddamn bk you are doing some serious thinking these days
you already know how i trade, i like to see a hard move that goes against the current trend, because that causes widespread pain, and pain makes people do irrational things (as we all know from personal experience). this is my favorite scenario, but i see no possibility for pain this friday.
where are all the players right now? they are short the dollar! but this dollar trend is still young, and not everyone is on board yet. so if the dollar rebounds on NFP, there will be sellers there that want to get in the market, but havent yet, and these new sellers will sustain the dollar suppression.
so whats the play here? if the dollar strenthens, i think you wait for the new sellers to come in and then join them. if the dollar weakens, well, i dont see a good play here.Ignored
Quoting rusty105DislikedIt will be sad to see you go, I am just looking to learn
RustyIgnored