DislikedMy target for shorts is 2840-2850 range, based on current channel resistance.
Hope it makes it up thereIgnored
..my target 1.2846
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DislikedMy target for shorts is 2840-2850 range, based on current channel resistance.
Hope it makes it up thereIgnored
DislikedGotta sign off. Time for swim practice (not this old fart, my daughter).Ignored
wise thing
DislikedFriends ,
I think that the direction for the day will be decide between 1,2837-50
What´s your idea ??Ignored
Dislikedtoday is non-farm day, therefore any move before that, is considered dumb money, i myself will stay aside, better safe than sorry, you imagine what happen if the number will be 600k or 400k, so the direction can not be decided nowIgnored
DislikedFriends ,
I think that the direction for the day will be decide between 1,2837-50
What´s your idea ??Ignored
Dislikedtoday is non-farm day, therefore any move before that, is considered dumb money, i myself will stay aside, better safe than sorry, you imagine what happen if the number will be 600k or 400k, so the direction can not be decided nowIgnored
DislikedThe NFP release is not going to be good, we already know that, plus the market is so saturated with all of the Madoff bs, bailout bs, depression bs, that for the last 2 or 3 releases NFP has not cause major movements in the eur/usd.
So, my philosphy with fundamental analysis is much like it is with price action. I put more credibility in the pattern of recent trader behavior over that of historical behavior. I'm not saying that the risk is not there, I'm saying that the risk to reward ratio is becoming more aesthetic.Ignored
Dislikedthe market has priced in a result nearly same as the last one, anything else will be subject to correction, are you suggesting that you disregard the news completely and you just follow the price patterns on the charts ?
i am sorry , but i dont gamble , and hope you are demo tradingIgnored
DislikedYou mean the Cramer channel? In that case, maybe I should go long!Ignored
DislikedNo I don't disregard the news completely at all. I'm only saying that the recent reactions to these releases have been precipitated by much more cautious investors who are either moving their money into the market earlier or are completely staying out of something they would have otherwise traded.
So the markets are seeing less than normal volume around news releases and a slightly steadily increased volume prior to. This results in less activity after the release and a safer "risk aversion."Ignored
Dislikedwhat you see right now are the banks and institutions or the big boys putting orders, you are free to scalp the moves but be prepared for sudden moves or unexpected corrections in either directions, if you see the charts carefully these movements have begun since yesterday. now consider also that is friday today , and the volatility maybe also an issue today, and this week there was a relief rally, if will be another today or not i dont know , but i just dont expect one todayIgnored