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  • #33,981
  • Sep 25, 2008 6:21am Sep 25, 2008 6:21am
Quote
Anyone have any idea if the news coming out for usd today is gonna be good or bad?
The estimates are on the front page.

My personal thought is that unemployment numbers will not go lower as estimated but that's just an educated guess.'

Volatility before the releases is going to be awful so it's better to get out or have really wide sl's (or hunt for bargains with limit orders if you are on interbank platform)
  • #33,982
  • Sep 25, 2008 6:25am Sep 25, 2008 6:25am
anyone going long at the moment?
"Invest With The Insiders, Not The Masses" George Muzea
  • #33,983
  • Sep 25, 2008 6:26am Sep 25, 2008 6:26am
I think worse numbers for US. US still reeling from punch by Gustav and Ivan.
  • #33,984
  • Sep 25, 2008 6:31am Sep 25, 2008 6:31am
Quoting Qu|cksilver
anyone going long at the moment?
yes sir i sure am!...bastards ate 20 of my pips ..ah well it was my fault anyways heres how i see it


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Different opinions highly valued, ignorant to slander.
  • #33,985
  • Sep 25, 2008 6:34am Sep 25, 2008 6:34am
Quoting sdapastor
I think worse numbers for US. US still reeling from punch by Gustav and Ivan.

There is so many things to read about these hurricanes and that it was sometime in the sixties where US oil inventories was on these low levels.

I heard this morning in the radio that there are places in US where oil selling is already restricted.

But right now I see oil in minus. Must be going upwards. Doesn’t it?
Strange days but I am making good pips that is what counts.
  • #33,986
  • Sep 25, 2008 6:35am Sep 25, 2008 6:35am
algs took off chart showing 14800 as target. whats up with that?
  • #33,987
  • Sep 25, 2008 6:35am Sep 25, 2008 6:35am
Quoting psiholog
well like any breakout a retest is customary...that is where my take profit is on this buy...also worth watching that point (1.4695) to see if it has become resistance...good to know for what comes next

of course thats if we reach that level again...

Good call dude!!!

Did not see that coming and missed out.

Oh well there is another trade just around the corner!!!
  • #33,988
  • Sep 25, 2008 6:35am Sep 25, 2008 6:35am
Bleh, couldn't remain focused at all tonight. Too many 10 hour days. Still netted 40 pips or so, at least.

Going to hedge my open positions and head to bed. Night guys. Night army of 0-10 post lurkers.
  • #33,989
  • Sep 25, 2008 6:36am Sep 25, 2008 6:36am
Quoting psiholog
yes sir i sure am!...bastards ate 20 of my pips ..ah well it was my fault anyways heres how i see it


Attachment
Where you put your tp bro? im long too.
"Invest With The Insiders, Not The Masses" George Muzea
  • #33,990
  • Edited 7:03am Sep 25, 2008 6:41am | Edited 7:03am
Quoting Qu|cksilver
Where you put your tp bro? im long too.
i should have stayed out...price action has picked up and its more erratic....still since i entered the trade and am a stubborn 22 year old...i have my take profit either at 1.4695 or will watch carefully if it breaks up from there..depending on news

still 20pip loss...in case it breaks down im staying out


Edit..well it tapped 1.4695...took profit there and waiting for news haha...made back my recent loss and more...patience is key now
Different opinions highly valued, ignorant to slander.
  • #33,991
  • Sep 25, 2008 7:09am Sep 25, 2008 7:09am
Congrat. I also got 30 pips on that ride as well. Base on the forecast #, would it be okay to expect the weaken in the dollars cause both the umemployment claim and the housing number aren't very positive.





Quoting psiholog
i should have stayed out...price action has picked up and its more erratic....still since i entered the trade and am a stubborn 22 year old...i have my take profit either at 1.4695 or will watch carefully if it breaks up from there..depending on news

still 20pip loss...in case it breaks down im staying out


Edit..well it tapped 1.4695...took profit there and waiting for news haha...made back my recent loss and more...patience is key now
  • #33,992
  • Sep 25, 2008 7:13am Sep 25, 2008 7:13am
Im still long. I think it will break today high.
"Invest With The Insiders, Not The Masses" George Muzea
  • #33,993
  • Sep 25, 2008 7:17am Sep 25, 2008 7:17am
Quoting SeaPip
Congrat. I also got 30 pips on that ride as well. Base on the forecast #, would it be okay to expect the weaken in the dollars cause both the umemployment claim and the housing number aren't very positive.
the overall major story still is the bailout plan...however....having expectations of how the news will impact this currency in 15min is not good considering more often then not...good or bad us data...the dollar gets stronger...if you must enter trade though...wait for news...see how the pair reacts...see if a current high or low is reached....if that is broken consider going long if a new high is made or short if new low is made

or if there is strong support at current low...buy(play the trend) and same for resistance(sell)....its really a tough call

this is where gauging market sentiment is crucial...i will post what i do once i do it and why
Different opinions highly valued, ignorant to slander.
  • #33,994
  • Sep 25, 2008 7:21am Sep 25, 2008 7:21am
Quoting psiholog
i should have stayed out...price action has picked up and its more erratic....still since i entered the trade and am a stubborn 22 year old...i have my take profit either at 1.4695 or will watch carefully if it breaks up from there..depending on news

still 20pip loss...in case it breaks down im staying out


Edit..well it tapped 1.4695...took profit there and waiting for news haha...made back my recent loss and more...patience is key now
Once again, have to compliment you on your analysis from earlier.

Just closed 1/2 position on tap of the TL. Moved SL above entry and will close rest just before news, regardsless.

Nice ride!


Edit....closed other 1/2 at 4718....done for now
  • #33,995
  • Sep 25, 2008 7:23am Sep 25, 2008 7:23am
Quoting efgsrl
Once again, have to compliment you on your analysis from earlier.

Just closed 1/2 position on tap of the TL. Moved SL above entry and will close rest just before news, regardsless.

Nice ride!
thanks...enjoy the ride...i have learned my lesson though and i will not let greed affect me anymore...right now this feels like an over extended move ni expectation of the data only creating more room for the pair to drop....to be seen
Different opinions highly valued, ignorant to slander.
  • #33,996
  • Sep 25, 2008 7:26am Sep 25, 2008 7:26am
I agree with you psi, this is just a "jumping the gun" while the news may turn out to be good and go the other direction. But the expectation is that the news is bad, thus the move.
  • #33,997
  • Sep 25, 2008 7:28am Sep 25, 2008 7:28am
Quoting sdapastor
I agree with you psi, this is just a "jumping the gun" while the news may turn out to be good and go the other direction. But the expectation is that the news is bad, thus the move.
indeed and even after news comes out...it will very volatile at first....id rather not gamble this time haha
Different opinions highly valued, ignorant to slander.
  • #33,998
  • Sep 25, 2008 7:31am Sep 25, 2008 7:31am
longs the news is in your favor...im staying out...good luck


Edit:the reason im staying out and possibly will go short is because the news FAVORS the bailout plan...market psychology
Different opinions highly valued, ignorant to slander.
  • #33,999
  • Sep 25, 2008 7:33am Sep 25, 2008 7:33am
wow, that is bad. Just closed my shorts, going long. Hope this works.
  • #34,000
  • Sep 25, 2008 7:34am Sep 25, 2008 7:34am
Extremely bad news for dollar, still not a major movement favouring EUR. Much worse than expected.
So sick.....
They think they are smarter than I am.
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