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AUD/USD

  • #10,781
  • Dec 3, 2009 10:39pm Dec 3, 2009 10:39pm
Quoting 4xmajkel
Good morning/afternoon/evening
...mine is 5 pips - probably it's a time to look for a new broker
jeees. I just opened an account with go markets. They are currently 1.5 but you can do micro lots as well. just trying to learn MT4 before I switch.
Find a job that you love and you dont have to work again in your life.
  • #10,782
  • Dec 3, 2009 10:41pm Dec 3, 2009 10:41pm
Quoting G_Man
Gold is down and G_Man is Happy again ...

More action to come ...
What Will Be Ur Reaction To My Suggested Selling Area On Gold !?
So , As I See , It's A little Soon For Selling Gold At The Moment !
Be Careful & Good Luck !
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  • #10,783
  • Dec 3, 2009 11:01pm Dec 3, 2009 11:01pm
Quoting tradoholic
jeees. I just opened an account with go markets. They are currently 1.5 but you can do micro lots as well. just trying to learn MT4 before I switch.
Hi Tradoholic
Have been useing Go Markets just over 1 year now found them to be pretty good.
  • #10,784
  • Dec 3, 2009 11:18pm Dec 3, 2009 11:18pm
Quoting Add
Hi Tradoholic
Have been useing Go Markets just over 1 year now found them to be pretty good.
Hi
thanks for that. Looking forward to switch.
Find a job that you love and you dont have to work again in your life.
  • #10,785
  • Dec 4, 2009 12:07am Dec 4, 2009 12:07am
Going into the NFP what will be your position ?
  • #10,786
  • Dec 4, 2009 12:09am Dec 4, 2009 12:09am
but intuition is telling me short TP at .9170
  • #10,787
  • Dec 4, 2009 12:40am Dec 4, 2009 12:40am
Quoting Mckal41
but intuition is telling me short TP at .9170
I am currently short from 9260. I will be closing all positions prior to announcement, but if i wanted to have one open it would be long. The Non Farm unemployment claims were down, productivity up and reduced labor costs were factors announced yesterday. so I can only have a guess and say that the figures tonight will look good hence boost risk appetite. So Gold and Aussie will be up.
Find a job that you love and you dont have to work again in your life.
  • #10,788
  • Dec 4, 2009 12:45am Dec 4, 2009 12:45am
head and shoulder pattern possibility
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  • #10,789
  • Dec 4, 2009 1:00am Dec 4, 2009 1:00am
Quoting amyc
I found that every obstacle to successful trading melted away over night the moment i started trading sizes appropriate to my account. When every trade is insignificant to your account, gain or loss, and you don't care what happens one way or the other trading becomes really easy.
I agree. This is very true and it works for me. No matter what your trading style, I think this is the best approach to a worry free trading.
  • #10,790
  • Dec 4, 2009 2:03am Dec 4, 2009 2:03am
my point of view and trade saved at be+1 now.
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  • #10,791
  • Dec 4, 2009 2:44am Dec 4, 2009 2:44am
Quoting cannarek
my point of view and trade saved at be+1 now.
Cannarek, can you please post the indicator for the ADR, AWR, & AMR in your chart? Thanks in advance.
  • #10,792
  • Dec 4, 2009 3:34am Dec 4, 2009 3:34am
hey Jesus4748 , what will you be doing in the lead up to the NFP announcement ?
  • #10,793
  • Dec 4, 2009 3:35am Dec 4, 2009 3:35am
I'm thinking of going $20 per pip for the NFP announcement...am I crazy ? lol
  • #10,794
  • Dec 4, 2009 4:41am Dec 4, 2009 4:41am
Quoting Daytrader74
I'm thinking of going $20 per pip for the NFP announcement...am I crazy ? lol
Im long, but I'm long with $50 a pip since 9000.

I'm expected the result to be slightly worse than expected, but better than the previous result, which is still a positive in a sense.
  • #10,795
  • Dec 4, 2009 4:49am Dec 4, 2009 4:49am
Quoting Daytrader74
I'm thinking of going $20 per pip for the NFP announcement...am I crazy ? lol
what leverage are you on?? cheers
  • #10,796
  • Dec 4, 2009 4:50am Dec 4, 2009 4:50am
Hello guys I being holding a long for a while now. So far I am up 28pips . I believe this thing may shoot up further.
  • #10,797
  • Dec 4, 2009 5:00am Dec 4, 2009 5:00am
Quoting networthOz
what leverage are you on?? cheers
3:1
  • #10,798
  • Dec 4, 2009 5:06am Dec 4, 2009 5:06am
Quoting T55
Im long, but I'm long with $50 a pip since 9000.

I'm expected the result to be slightly worse than expected, but better than the previous result, which is still a positive in a sense.
Wow $50 a pip!! well done to you and I hope you make it big with the NFP
  • #10,799
  • Dec 4, 2009 5:15am Dec 4, 2009 5:15am

  1. New traders – stay away: Trading during this volatile period is very risky. Take a break and enjoy the weekend.
  2. Action before the release: Strange moves begin in the markets well before the release at 13:30 GMT. This usually reflects the expectations – expectations which aren’t necessarily met, and they can lead to a counter reaction afterwards. Jittery trading intensifies with the release of the Canadian employment figures, an hour and a half before the American ones.
  3. Friday effect: Strong moves in a certain direction – either dollar strength or dollar weakness, can be seen hours after the release, usually in the last hour of the London session – between 16:00 to 17:00 GMT. This is the move that will determine the close of the week, and thus have a real long term effect. This is the full reaction.
  4. Technical barriers can be broken – support and resistance lines, uptrend support or downtrend resistance lines can be breached around the release of the NFP. This is usually only temporary – the graph returns to normal after a while, and these lines are respected again.
  5. Initial reaction is wrong: the initial reaction to the release is in the wrong direction: the knee jerk reaction is usually “normal”: good data yields dollar strength and bad data yields dollar weakness. This is very temporary! We are still in the global crisis, and the risk factor rules. So, minutes after the “normal” reaction, the risk factor kicks in and eventually the opposite happens: good data yields dollar weakness (risk appetite), while bad data yields dollar strength (risk aversion).

Price is what you pay. Value is what you get
  • #10,800
  • Dec 4, 2009 5:18am Dec 4, 2009 5:18am
The above refers to NFP news
Price is what you pay. Value is what you get
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