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Attachments: US ISM report Feb 1
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US ISM report Feb 1

  • Post #1
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  • First Post: Feb 1, 2007 9:33am Feb 1, 2007 9:33am
Anyone going to trade ISM? There is rumour that ISM number will be coming weaker than expected,any idea?
its trying to hunt some stops above 1.97...

Is 1.9900 possible within the next weeks again??
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
Selling USD??
Is this normal? 37 point jump, looks like ISM was weak, then all gains given back and we're just hoovering?
I'm in @9717 so just waiting for GBD/USD to go up
It was a really bad number. Why isn't USD falling?
Housing data
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.
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
I wonder if the market is waiting for Trichet to open his mouth or is everybody waiting for NFP?
Should I wait or close my USD short position??
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
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.
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
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.
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!
  • Post #18
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  • Last Post: Feb 2, 2007 4:38am Feb 2, 2007 4:38am
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.

Watch
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