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  • #148,741
  • Oct 2, 2009 5:28am Oct 2, 2009 5:28am
I have mixed signals /usually do on Big News.Good luck and may you be on the right side! I know I am. Other than a tiny trade on the mini account.
  • #148,742
  • Oct 2, 2009 5:37am Oct 2, 2009 5:37am
who just blew their account up lol
To that person who needed the short/now is a good time to get out!!!!!!!
  • #148,743
  • Oct 2, 2009 5:39am Oct 2, 2009 5:39am
who just blew their account up lol
To that person who needed the short/now is a good time to get out!!!!!!! if you are even
  • #148,744
  • Oct 2, 2009 5:39am Oct 2, 2009 5:39am
Good call, one of my favourite cartoons!

Quoting T.E.Lawrence
And here we go again:

http://www.boreme.com/media/yr2007/s...-explained.jpg
  • #148,745
  • Oct 2, 2009 5:40am Oct 2, 2009 5:40am
How typical...

News bad for USD and EURUSD falls down...

Aaaaaahahahahaha.
  • #148,746
  • Oct 2, 2009 5:43am Oct 2, 2009 5:43am
Quoting T.E.Lawrence
And here we go again:

http://www.boreme.com/media/yr2007/s...-explained.jpg
very true cartoon
  • #148,747
  • Oct 2, 2009 5:45am Oct 2, 2009 5:45am
Quoting Aandar
How typical...

News bad for USD and EURUSD falls down...

Aaaaaahahahahaha.
Exactly what I was thinking. And since I got burned a couple of times with news events going the opposite way to what was to expect, I decided to sit them out and just have fun watching them unfold. Too dangerous for me.
  • #148,748
  • Oct 2, 2009 5:47am Oct 2, 2009 5:47am
Quoting M1g
Exactly what I was thinking. And since I got burned a couple of times with news events going the opposite way to what was to expect, I decided to sit them out and just have fun watching them unfold. Too dangerous for me.
me too/I wait for the Earthquake and then trade the aftershocks
  • #148,749
  • Oct 2, 2009 5:48am Oct 2, 2009 5:48am
Non farm employment at -263K worst then previous... so u think EUR/USD will shoot up and we can go for a long trade?
  • #148,750
  • Oct 2, 2009 5:49am Oct 2, 2009 5:49am
Quoting M1g
Exactly what I was thinking. And since I got burned a couple of times with news events going the opposite way to what was to expect, I decided to sit them out and just have fun watching them unfold. Too dangerous for me.
I actually went long at 1.44917
  • #148,751
  • Oct 2, 2009 5:50am Oct 2, 2009 5:50am
Quoting fxswing
Developing Monthly distribution, keep an eye on breakdown / breakout levels.

1.4541 the point of control so far.
Looks like 1.4521 was the breakdown level, let's test the breakout level at 1.4572 now
Getting it right is NOT as important as not getting it wrong.
  • #148,752
  • Oct 2, 2009 5:52am Oct 2, 2009 5:52am
I'll still short bias--I would like to see if the Daily TL it hit first then if it breaks or decides to go up.I think Wall Street will determine that
  • #148,753
  • Oct 2, 2009 5:54am Oct 2, 2009 5:54am
[quote=Aandar;3112322]I actually went long at 1.44917 [/QUOTE


What's your target?
  • #148,754
  • Oct 2, 2009 5:54am Oct 2, 2009 5:54am
Why would it rally? USD is a safe haven. With stocks in the dumper, eurusd is going to be in the dumper.


Look at price in good economic times - Weak $. No reason we'd rally in a jobless recovery.
  • #148,755
  • Oct 2, 2009 5:54am Oct 2, 2009 5:54am
I think we could very well see 4400 very shortly. this is the calm before the storm
  • #148,756
  • Oct 2, 2009 5:56am Oct 2, 2009 5:56am
Quote
Originally Posted by Aandar http://cdn.forexfactory.com/images/buttons/viewpost.gif
How typical...

News bad for USD and EURUSD falls down...

Aaaaaahahahahaha.

Quoting M1g
Exactly what I was thinking. And since I got burned a couple of times with news events going the opposite way to what was to expect, I decided to sit them out and just have fun watching them unfold. Too dangerous for me.
OK, I guess I'm not going crazy ... I came in here to find an answer .. why would really bad news for US economy cause $ to rise??

I guess it is just the wild, wacky world of forex....
******************* I'd rather make money than be right.
  • #148,757
  • Oct 2, 2009 5:56am Oct 2, 2009 5:56am
Quoting Byrd
Why would it rally? USD is a safe haven. With stocks in the dumper, eurusd is going to be in the dumper.


Look at price in good economic times - Weak $. No reason we'd rally in a jobless recovery.
Look what happened last NFP
  • #148,758
  • Oct 2, 2009 5:57am Oct 2, 2009 5:57am
Quoting bill2010
Quoting Aandar
I actually went long at 1.44917

What's your target?
Already closed for ~17 pips profit.

Looks like i set the stoploss too high.
  • #148,759
  • Oct 2, 2009 5:58am Oct 2, 2009 5:58am
Suppose that M15 hammer (although very early days) could indicate the big buyers were waiting to buy around the first support below 4500 just above 4460. Perhaps longs stops falling over. "Cheap" Euro?

Anyway, with such a negative NFP, it would be surprising to see the USD afloat next week.

Hopefully there hasn't been too much...:

Inserted Video
  • #148,760
  • Oct 2, 2009 5:59am Oct 2, 2009 5:59am
im looking for sell..

if price break 4517 (weekly trend)
this might a hard drop
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