US ISM report Feb 1 | Forex Factory

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US ISM report Feb 1

  • #1
  • First Post: Feb 1, 2007 8:33am Feb 1, 2007 8:33am
Anyone going to trade ISM? There is rumour that ISM number will be coming weaker than expected,any idea?
  • #2
  • Feb 1, 2007 8:51am Feb 1, 2007 8:51am
its trying to hunt some stops above 1.97...

Is 1.9900 possible within the next weeks again??
  • #3
  • Feb 1, 2007 8:57am Feb 1, 2007 8:57am
normally ISM is a slow mover, I expect movement only after few minutes. I will not straddle this one.

Looking forward for GBP to try break 2.000 once again but I'm not sure when, but not in Feb I guess
  • #4
  • Feb 1, 2007 9:06am Feb 1, 2007 9:06am
Selling USD??
  • #5
  • Feb 1, 2007 9:10am Feb 1, 2007 9:10am
Is this normal? 37 point jump, looks like ISM was weak, then all gains given back and we're just hoovering?
  • #6
  • Feb 1, 2007 9:13am Feb 1, 2007 9:13am
I'm in @9717 so just waiting for GBD/USD to go up
  • #7
  • Feb 1, 2007 9:18am Feb 1, 2007 9:18am
It was a really bad number. Why isn't USD falling?
  • #8
  • Feb 1, 2007 9:22am Feb 1, 2007 9:22am
Housing data
  • #9
  • Feb 1, 2007 9:24am Feb 1, 2007 9:24am
Quoting MKK
I'm in @9717 so just waiting for GBD/USD to go up
I bought a binary contract for that range...I'm baffled too.
I read that prices paid means some inflation concerns, but I don't believe that has any effect for higher rates for a second. But what do I know.
  • #10
  • Feb 1, 2007 9:24am Feb 1, 2007 9:24am
Number was VERY USD Negative YET GBPUSD is stuck at 1.9700

CRAP... I was hoping it to jump up to 1.9750 at the least
  • #11
  • Feb 1, 2007 9:30am Feb 1, 2007 9:30am
I wonder if the market is waiting for Trichet to open his mouth or is everybody waiting for NFP?
  • #12
  • Feb 1, 2007 9:33am Feb 1, 2007 9:33am
Should I wait or close my USD short position??
  • #13
  • Feb 1, 2007 9:33am Feb 1, 2007 9:33am
Quoting techno79
I bought a binary contract for that range...I'm baffled too.
I read that prices paid means some inflation concerns, but I don't believe that has any effect for higher rates for a second. But what do I know.
My main trades is already closed and I waited for the retrace.. went it at 1.9716 with a minute $1/pip lot (for entertainment purposes)...

USD lovers are pulling gbpusd down
  • #14
  • Feb 1, 2007 9:40am Feb 1, 2007 9:40am
Chicago PMI stole the thunder. Everybody expected a low ISM number since yesterdayand dollar sold off. Now big boys will be waiting for tomorrowa NFP.
  • #15
  • Feb 1, 2007 9:42am Feb 1, 2007 9:42am
One of my worst trades.

Was up by 17 pips for a second and the dropped to hit my S/L. Lost many pips today
  • #16
  • Feb 1, 2007 9:47am Feb 1, 2007 9:47am
I closed my contract for a loss. I never got to take a straight Forex trade, was hoping to do a news breakout thing that I used to do in equalities. Thought there'd be a trend, but this is a little flat for my taste getting so close to noon.
Even the second 15min bar is red, and on the 10minute candles 3 bars after the news is read. For Cable.

Now the NFP can't come quick enough.
  • #17
  • Feb 1, 2007 3:13pm Feb 1, 2007 3:13pm
Quoting MKK
One of my worst trades.

Was up by 17 pips for a second and the dropped to hit my S/L. Lost many pips today

Dear MKK,

Truly, ISM whipsaw today and that was why it took your stop loss. But tomorrow will be better.

On mine, I gained one lost one. But it is good to always straddled.

Cheers!
  • #18
  • Last Post: Feb 2, 2007 3:38am Feb 2, 2007 3:38am
Quoting petrasoft
...But it is good to always straddled...
Ah yes, to straddle.

On MT4, its easy to do so, but what about other platforms without automation such as FXSOL, or FXCM?

Practice! Practice makes perfect.

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