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  • #148,621
  • Oct 1, 2009 10:31pm Oct 1, 2009 10:31pm
Quoting realjumper
Hi....I understand what NFP is, I've seen the reaction a few times now, I just don't understand the number. Does it mean that less than 175,000 jobs have been lost this month or what?

Cheers
From here: [forexfactory.com]

Measures change in the number of employed people during the previous month, excluding the farming industry;

Usual Effect

Actual > Forecast = Good for currency (Note: While this is the 'usual' effect, under current market conditions the reverse tends to be true against some currencies, as bad data has been triggering the purchase of US bonds);


Note: You can view a description of most economic news events. To do so, you have to click on the "Open details" button.
  • #148,622
  • Oct 1, 2009 10:31pm Oct 1, 2009 10:31pm
Quoting sed34
evening over here. do you think we break 1.45 in london?
yes... I think...
we need another leg down
The best thing that can happen to you is to find out where you're wrong.
  • #148,623
  • Oct 1, 2009 10:35pm Oct 1, 2009 10:35pm
Quoting M1g
From here: [forexfactory.com]

Measures change in the number of employed people during the previous month, excluding the farming industry;

Usual Effect

Actual > Forecast = Good for currency (Note: While this is the 'usual' effect, under current market conditions the reverse tends to be true against some currencies, as bad data has been triggering the purchase of US bonds);


Note: You can view a description of most economic news events. To do so, you have to click...

Ahh ok, thanks. That's kinda what I thought it meant but wasn't sure, so thank you
Doing what you like is Freedom. Liking what you do is Happiness.
  • #148,624
  • Edited 10:54pm Oct 1, 2009 10:36pm | Edited 10:54pm
Quoting RussoS
... this isnt october...
This thread has enough problems as it is without you guys that drop in from other dimensions in Time or whatever and try to screw with us.

Yes, IT IS OCTOBER here in THIS dimension RussoS with Three Esse'S. Trade your own Time Frame in your own dimension but don't bug us here in this one.

We already had to straighten this other guy out on a different thread and get him back to his own dimension before this. We were in June and he was posting charts from April. Don't believe me?? The posts don't lie...

Quoting Eaty
Hi, ...Is my day range correct?
Quoting ak4x
Dude, you need to start by getting into the right month. It's June 14th where I'm at.

...according to your chart its April 3rd there... if it's still April there, where are you anyway?
When you get back, say Hi to Eaty if you see him....




FUBAR...
  • #148,625
  • Oct 1, 2009 10:37pm Oct 1, 2009 10:37pm
Quoting AmyLee
Good morning driver55.
Waiting for you this morning.
Do you think it will hit 1.46xx this morning?
5m 4H chart are going north now.

Cheers!

I´m not always present, especially when I take position, which in my plans, may take a longer time.

It helps to not suffer stress
The best thing that can happen to you is to find out where you're wrong.
  • #148,626
  • Oct 1, 2009 10:38pm Oct 1, 2009 10:38pm
Quoting Driver55
Good Morning/Evening all
Good Morning. Good to see you again
Not all sins are created equal
  • #148,627
  • Oct 1, 2009 10:41pm Oct 1, 2009 10:41pm
Quoting realjumper
Hi....I understand what NFP is, I've seen the reaction a few times now, I just don't understand the number. Does it mean that less than 175,000 jobs have been lost this month or what?

Cheers
change from the last month. It is definitely the number of jobs lost or gained from the last month. So Goldman now predicts the number is -250K. If that happens it will be enough to tick unemployment rate to 9.8% just in time for the weekend papers. We are not in Kansas anymore! edit: GS is setting up to 'beat' the estimate : 0
----- Dragonfly out in the sun you know what I mean, don't you know
  • #148,628
  • Oct 1, 2009 10:41pm Oct 1, 2009 10:41pm
Quoting Jay Walker
Good Morning. Good to see you again

Hi Jay
The best thing that can happen to you is to find out where you're wrong.
  • #148,629
  • Oct 1, 2009 10:46pm Oct 1, 2009 10:46pm
Quoting sophiaphia
change from the last month. It is definitely the number of jobs lost or gained from the last month. So Goldman now predicts the number is -250K. If that happens it will be enough to tick unemployment rate to 9.8% just in time for the weekend papers. We are not in Kansas anymore! edit: GS is setting up to 'beat' the estimate : 0
Yep, got it now.....thank you
Doing what you like is Freedom. Liking what you do is Happiness.
  • #148,630
  • Oct 1, 2009 10:47pm Oct 1, 2009 10:47pm
Quoting Jay Walker
http://www.forexfactory.com/showthre...18#post1896818

thank you for that link.
  • #148,631
  • Oct 1, 2009 10:50pm Oct 1, 2009 10:50pm
Quoting realjumper
Hi....I understand what NFP is, I've seen the reaction a few times now, I just don't understand the number. Does it mean that less than 175,000 jobs have been lost this month or what?

Cheers
hi.. ah understood.. therefore as i said, it means that the estimated job loss is this amt.


so if the actual result is -100 000 for example , it means the number of job loss is 100 000

hope this will help you buddy..
  • #148,632
  • Oct 1, 2009 10:52pm Oct 1, 2009 10:52pm
So far...

There are 10 min left and current bar could end up being a pin bar. 1H

So I intend to go short in that case for 1.4486 TP.

Then I'm going to look for long around 1.4486 and below and try to hold that long up to 1.4577 (daily PP) exiting 75% of my position, or end of day if target not reached.

Regardless, I know we are going down like a rock, but I strongly believe there is a lot of support at 1.4486, I got 2 trendlines in that area, one using daily, other is hourly.

Plus There is daily S1 @ 1.4486 and Weekly S2 @ 1.4483 i believe.

So there.
ok Friendo? This is madness!?!? - THIS, IS, FOREX!!!
  • #148,633
  • Oct 1, 2009 10:56pm Oct 1, 2009 10:56pm
Then again, I bet there are a lot of shorts waiting to cover around 1.4446
ok Friendo? This is madness!?!? - THIS, IS, FOREX!!!
  • #148,634
  • Oct 1, 2009 10:57pm Oct 1, 2009 10:57pm
Quoting trading801
hi.. ah understood.. therefore as i said, it means that the estimated job loss is this amt.


so if the actual result is -100 000 for example , it means the number of job loss is 100 000

hope this will help you buddy..
Yep, it does, thank you.

Seeing as the announcement is at 1.30am NZ time, and I have a big day tomorrow, I may not see it this time. But then again, I might see it and just be tired tomorrow instead!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #148,635
  • Oct 1, 2009 11:04pm Oct 1, 2009 11:04pm
Well guys, this has been a nice August , but i must catch some sleep.

Usually Octobers are what take my most time in trading, it's usually a treat for VIX lovers, i need to catch some sleep, but I left some orders between 1.4550 and 1.4584.
Traders are smartasses
  • #148,636
  • Oct 1, 2009 11:05pm Oct 1, 2009 11:05pm
its almost at 1.4550
  • #148,637
  • Oct 1, 2009 11:06pm Oct 1, 2009 11:06pm
Quoting Spsantos
Well guys, this has been a nice August , but i must catch some sleep.

Usually Octobers are what take my most time in trading, it's usually a treat for VIX lovers, i need to catch some sleep, but I left some orders between 1.4550 and 1.4584.
short or long?
  • #148,638
  • Oct 1, 2009 11:10pm Oct 1, 2009 11:10pm
Quoting sed34
short or long?

Short below. Above I'll leave some alerts. Only considering shorts on automated trades at the moment.
Traders are smartasses
  • #148,639
  • Oct 1, 2009 11:10pm Oct 1, 2009 11:10pm
Quoting Jay Walker
Good Morning. Good to see you again
Morning Jay ,driver55 & all .
happy to see my shorts cashed at 1.4512 & some pending buy activated at that level..Anybody sees a hammer in H4? i think it will go considerable this time & continuing previous orders to carry out .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #148,640
  • Oct 1, 2009 11:13pm Oct 1, 2009 11:13pm
jpy had some good news right? well perhaps the traders are holding up now..

when london opens......
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