If the Job new is positive from the US today eg decrease in numbers singing on. Will that news made the Dollar stronger against the EURO
Cheers
Cheers
- #159,383
- Nov 6, 2009 3:56am Nov 6, 2009 3:56am
On a daily price again bounced off 55 EMA(goldenrod line) @ around 1.4640, now we`ve been in masive consolidation triangle(posted yesterday) but could break out up the north after NFP, we may see today 1.50xx again IMO
I see the daily trend continuing .. NFP may only cause a temporary upset .. but once the dust settles .. next week we go further up ...
"I am convinced that He (God) does not play dice." - Albert Einstein
- #159,384
- Nov 6, 2009 4:00am Nov 6, 2009 4:00am
If the Job new is positive from the US today eg decrease in numbers singing on. Will that news made the Dollar stronger against the EURO
Cheers
"I am convinced that He (God) does not play dice." - Albert Einstein
- #159,385
- Nov 6, 2009 4:17am Nov 6, 2009 4:17am
- Joined Jul 2007 | Status: Trader | 1,685 Posts
BTC Return This Year:
na
- #159,388
- Nov 6, 2009 4:25am Nov 6, 2009 4:25am
- | Joined Jan 2009 | Status: Trader | 3,071 Posts
who the hell is buying the top of this move this side of nfp?? somebody must be
- #159,389
- Nov 6, 2009 4:35am Nov 6, 2009 4:35am
who the hell is buying the top of this move this side of nfp?? somebody must be
A sell-off opportunity for bears aborted .. hence no all seller among professional money are already flashed out. That is why a close above 1.4916-1.4922 is very crucial in forecasting next weeks trading direction ... If you get in late .. the PA will have already been marked-up ..
"I am convinced that He (God) does not play dice." - Albert Einstein
- #159,391
- Nov 6, 2009 4:56am Nov 6, 2009 4:56am
sorry for being a noob
No reason for outrage ...
"I am convinced that He (God) does not play dice." - Albert Einstein
- #159,392
- Nov 6, 2009 5:00am Nov 6, 2009 5:00am
- | Joined Apr 2009 | Status: Volume is everything | 972 Posts
I take no offense though .. av got several of those .. and am still alive and kicking .. Try and eliminate emotion in trading .. i.e KEEP THE WIND OFF YOUR FACE ..
No reason for outrage ...
WIND=EMOTIONS?
- #159,393
- Nov 6, 2009 5:00am Nov 6, 2009 5:00am
- Joined Mar 2009 | Status: Just visiting | 12,891 Posts
- #159,395
- Nov 6, 2009 5:11am Nov 6, 2009 5:11am
If jobs data is worse than expected the mkt will go up and so will EURUSD because that means the Fed will leave tons of liquidity in the system and delay exiting, so weaker dollar yet again.
If jobs data is better than expected then the mkt will still go up because signs of recovery are confirming, and EURUSD will also go up, as risk appetite is increased and safe haven USD will be sold..
Just thinking..
all the NFP can do is create a bull shake-out ... that's all there is to it ...
"I am convinced that He (God) does not play dice." - Albert Einstein
- #159,397
- Nov 6, 2009 5:14am Nov 6, 2009 5:14am
- | Joined Jun 2008 | Status: Mixed Martial Chartist | 1,007 Posts
- #159,398
- Edited 5:35am Nov 6, 2009 5:24am | Edited 5:35am
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
It doesn't matter what the numbers are. The market will do whatever it has to to screw the greatest number of traders at the same time.
If the numbers are fantastic and bad for the dollar, yet the majority are long, the market will fall 300 pips.
If am a financial institution first preference is getting the quantity I require at a fair price may not be the best price. I cannot buy contracts worth of billions of dollars at right price in one go. USD buyers are selling euros, time for me to buy a couple of billions euro now and my rest 16 billion on other such occassions.
ps. But people don't know if I require euros and if they assume that I require some while I am not, they are screwed bigtime.
We are now back to the original question.
The Thief of Wall Street
