Low Risk, High Reward Trading Experiment

Quoting starfire

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Must be those manipulators of the worldwide economic system, who realise that Itme is about to make a breakthrough and have thus sabotaged him (her? this is a very ladylike site..) I agree, that kind of abusive comment is not Itme's style, and let's hope it gets resolved ASAP. Itme, we want you back!

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Quoting itme

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Friday 4/6

All Day ALL Holiday: Good Friday
1:00 JPY Leading Index m/m 30.0 ________ 40.9
2:45 EUR French Budget Deficit -20.0B -5.5B
6:00 EUR Composite Leading Indicators m/m 109.3 __109.3
8:30 USD Nonfarm Employment Change http://www.forexfactory.com/images/m...mpact_high.gif 135K 97K
8:30 USD Unemployment Rate http://www.forexfactory.com/images/m...mpact_high.gif 4.6% 4.5%
8:30 USD Average Hourly Earnings m/m http://www.forexfactory.com/images/m...act_medium.gif 0.3% 0.4%
10:00 USD Wholesale Inventories m/m 0.4% 0.7%
15:00 USD Consumer Credit m/m 5.5B 6.4B

The dollar remains mired near 2-year lows versus the euro around 1.3420 and just above 10-year lows against the Aussie around 0.8185. Trading in the early Friday session remained quiet with holiday-thinned conditions ahead of the long weekend. With market closures in London and the US equity market, thin conditions could trigger sharp movements in the currency market if the US payrolls data significantly deviates from forecasts.

Markets will scrutinize the March jobs report, using it to gauge the prospects for a shift in the Fed's policy. The recent slate of economic reports has remained on the weaker side, bolstering the case for an FOMC rate cut in the coming months.

Felix Homogratus' Announcement Trading Analysis:

Friday, April 6th, 2007 (8:30 am New York Time) USA

"We have US Non-Farm Payroll coming out, which is expected to come out at 130K or so, which would be a very healthy rebound from previous month 97K. If for some reason Non-Farm comes out at 200K or higher, GBP/USD may possibly move down by 120 pips or more in the first hour of the report. If for some reason Non-Farm comes out at 50K or lower, GBP/USD may possibly go up by 120 pips or more in the first hour of the report.
As always, I will probably use less conservative triggers for my own trades, and you are welcome to do that too, just watch out for any revisions of previous month's number, and watch out for any big conflicts of more than 0.2% in the unemployment rate, which is expected at around 4.6% or so.

Remember, most economists are expecting a rate hike out of UK next month, so GBP/USD should generally be bullish in the next 3 weeks, unless some extremely positive events out of US mess that up. I believe that we may possibly see 1.9820 or higher before beginning of May, and I would be very surprised to see GBP/USD much lower than 1.9550, and if it happens, it's probably going to be on the back of some very positive US news, like the Non-Farm payroll tomorrow, and such levels would probably be temporary. So buying pound in the low to mid 1.9600s, may possibly be a nice longer term trade, with a take profit in the low 1.9800s. I think buying GBP/USD in the mid 1.9500s, may be a bargain. Again, trading is extremely dynamic, and that's what I feel now, but few bad reports out of UK and few good ones out of US, may change this picture. However, if non-farm payroll comes out better than expected tomorrow, and GBP/USD dips, that may not only be a nice opportunity to take the short during Non-Farm, but possibly go long on GBP/USD on a nice dip, and hold it for a few days. Just food for thought "

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Quoting petercross

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I mean, maybe he is taking off????

This is a 216 pages, 3000 posts thread. I hope FF Management gives us at least some explanation on what is going on (not that they HAVE to, its just that itme is one of the heavy posters around and a well known personality at this Forum).


Peter.

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Quoting petercross

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Hey, man, he has been posting and writing ellbow lenght posts and that TAKES TIME

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Quoting monarch

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Hopefully Itme is spending some time doing a little R&R, it gets tiring at times keeping up with a thread.

Ken

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Quoting Traex

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I think he's hired by Warren Buffett to be one of his managers...
It's really strange he never posts any goodbye or that kind of message here before disappearing into thin air. Ah I know, he wants to see how many admirers he has by 'pretending' to disappear and thus luring people to post.
Just some conspiracies...

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Quoting merlin

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it was also me who changed the title of newbieinfx to "itme in disguise" because the IP matches itme.

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Quoting merlin

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LOL sorry just caught this thread. let me unravel the mystery. i gave itme his second infraction for rule #2. 2 infractions at 15 points each calls for a two week ban. check out his last posts and you will see that he is trying to spread his political agenda, and using trading as his cover. this is bullshit and does not belong here. itme has been warned several times to keep it to trading but he can not hold back. and as for the user title, it was me who changed that to poke fun at itme, i was going to change it back but forgot! it was also me who changed the title of newbieinfx to "itme in disguise" because the IP matches itme.

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Quoting 59fender

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I took your advice,went back checked itme's previous post and found nothing offensive nothing.he defended Dimitri, how is that offensive? felix is one cool son of a bitch! further more, if itme chooses to speak his mind politiclly so be it he is intelligent and articulate,I may not even agree with him,so what, this is complete bullshit

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Quoting aicccia

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yes...I'm curious which of Itme's posts Merlin thought were political...I don't see them...or maybe merlin deleted them already?

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