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  • #190,421
  • Feb 4, 2010 10:30pm Feb 4, 2010 10:30pm
Quoting DavidValera
hmm what time frame? london session , ny session??
Do you mean at what time frame I am located? I am on GMT+2 Latvia
  • #190,422
  • Feb 4, 2010 10:31pm Feb 4, 2010 10:31pm
Quoting Michael112
In here? Seriously?
Yeah I figured it was a long shot haha
  • #190,423
  • Feb 4, 2010 10:32pm Feb 4, 2010 10:32pm
Quoting fxpipper
Technicals are (imo) the first thing you should learn before going live. Fibonacci retracement is very useful. I learned watching the video tutorials at learningmarkets.com, which I consider one of the best sites on the net for learning and market analysis.
I am live
  • #190,424
  • Feb 4, 2010 10:32pm Feb 4, 2010 10:32pm
Quoting smokemachine
I don`t trade demo, that was the worst experience that I ewer had, I made a lot of money in one moth which I could not use hehehe....!!! Now it is much more interesting, I have been trading for real for one week now. I missed out this day unfortunately! but I put all hopes on tomorrow NFP...!!!
trade demo, get consistant and underleverage, if not your gonna go broke by the end of the month, don't get in the boom and bust cycle of trading, go read some psychology books or get a psychiatrist help
Don't be stupid! A black belt is a white belt that never quits!
  • #190,425
  • Feb 4, 2010 10:33pm Feb 4, 2010 10:33pm
Quoting smokemachine
Do you mean at what time frame I am located? I am on GMT+2 Latvia
noo you said will it hit 1.3670 .. yeah it will of course but ur looking for it in this session? i think we might hit it in london session not asian
  • #190,426
  • Feb 4, 2010 10:34pm Feb 4, 2010 10:34pm
Quoting Onzie77
trade demo, get consistant and underleverage, if not your gonna go broke by the end of the month, don't get in the boom and bust cycle of trading, go read some psychology books or get a psychiatrist help
agreed.
although trading a demo is nothing like trading live.
once youre live its a different ball game heh
Im a zombie.. "Rawr"
  • #190,427
  • Feb 4, 2010 10:35pm Feb 4, 2010 10:35pm
Quoting Now
Welcome to FF.

Go and check tomorrows news calender and you will see NFP for the USD on it with all the explenations that you are looking for. NFP number is published every first Friday of the month.


You actually got me (it is 'Payroll' instead of 'unemployment'...)

Cheers.

What I meant was employment, not unemployment
I figured it was just that, but wasnt sure. It doesnt say payroll in the calender, it says Non-farm Employment change

Thanks for clearing it up! And also thanks to Damon (Hissst)

(waiting for the break south that will come very soon... again that is...)
  • #190,428
  • Feb 4, 2010 10:35pm Feb 4, 2010 10:35pm
Quoting Clouds
i dont really know. im already in a position, but odds are against u going long. in your favor going short.

look at this chart if it breaks above the R line than becareful.

take care guys
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  • #190,429
  • Feb 4, 2010 10:36pm Feb 4, 2010 10:36pm
Quoting DavidValera
noo you said will it hit 1.3670 .. yeah it will of course but ur looking for it in this session? i think we might hit it in london session not asian
That was the question. cous I was wondering if it could go back to 1.3670 till London opens or to 1.3750...!!!
  • #190,430
  • Feb 4, 2010 10:37pm Feb 4, 2010 10:37pm
Quoting Quickiepip
One thing I notice about this forum...no one seems to lose...I mean NO ONE...

I lose...

I'm human...

I guess the best thing to do for tomorrow is use pendings in both directions
Losses are part of the game - get used to it. I lose - so does everyone else on this board from time to time. But I win more often than I lose. My wins are also larger than my losses. Going both ways on NFP is a good way to get spanked.
  • #190,431
  • Feb 4, 2010 10:38pm Feb 4, 2010 10:38pm
Quoting john2301
look at this chart if it breaks above the R line than becareful.

take care guys
gold is a 'perfect' example of a dead cat bounce, right after it broke a major support level. i don't make much attention to trend lines on small time frames.
  • #190,432
  • Feb 4, 2010 10:39pm Feb 4, 2010 10:39pm
Quoting ak4x
You could also turn everything off and not lose one single pip... guaranteed.

With an extreme NFP number (and maybe even without...) Your plan will probably trigger both trades going both ways and leave you without a dance partner...

that happened to me before n i lost 60 pips in a minute
so becareful guys
better to go in after the 1st 5 minutes for all the dust to settle
  • #190,433
  • Feb 4, 2010 10:43pm Feb 4, 2010 10:43pm
Does anyone expect anything from CAD unemployment rate, how it will react on USD/CAD...?
  • #190,434
  • Feb 4, 2010 10:44pm Feb 4, 2010 10:44pm
Currently bottom at a RSI support line + oversold/bullish cross on stochastic(on 4hr chart) + on daily chart its also at RSI support + on gold there is also a support line on RSI(daily).

I'd say the technicals are pretty bullish.
  • #190,435
  • Feb 4, 2010 10:45pm Feb 4, 2010 10:45pm
Quoting smokemachine
Does anyone expect anything from CAD unemployment rate, how it will react on USD/CAD...?
ask you're broker to take off the option to sell usd, and you'll do just fine
  • #190,436
  • Feb 4, 2010 10:45pm Feb 4, 2010 10:45pm
Quoting john2301
i lost 60 pips in a minute doin that

newbies have to learn the hard way

let them place trades both sides .. .could even lose 100 pip in under 10 min

there are hours and hours and hours of trading on non news times... look at today for example...and when fx is not moving there is es , tf and other index related futures.

es was play of the day
Blogging daily now at www.volume.zone
  • #190,437
  • Feb 4, 2010 10:49pm Feb 4, 2010 10:49pm
Quoting Clouds
ask you're broker to take off the option to sell usd, and you'll do just fine
good one...! yea I believe It is not the wisest thing to do, to trade against USD for now hehe...! ok so I guess I will pass those news...! even tho I do not usually do that...! But I think I would prefer listening to you advice!
  • #190,438
  • Feb 4, 2010 10:50pm Feb 4, 2010 10:50pm
Quoting Code4Capital
Currently bottom at a RSI support line + oversold/bullish cross on stochastic(on 4hr chart) + on daily chart its also at RSI support + on gold there is also a support line on RSI(daily).

I'd say the technicals are pretty bullish.

if market decides to drop forget rsi , or any thing else it can stay in oversold for so long it does not even count

odd how the pros dropped eu under support in low volume conditions. the s/r line on eu is 1.3726

I think by doing this it may be their intention to drop this in london

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Blogging daily now at www.volume.zone
  • #190,439
  • Feb 4, 2010 10:54pm Feb 4, 2010 10:54pm
Quoting malcolmb14
if market decides to drop forget rsi , or any thing else it can stay in oversold for so long it does not even count

odd how the pros dropped eu under support in low volume conditions. the s/r line on eu is 1.3726

I think by doing this it may be their intention to drop this in london

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I could really check other crosses but a lot of traders of Forex are technical traders, so either way volume will push it up, then back down with fundamentals. So either way with some watching I will be able to catch some pips and close it out when I see it start to move against me. + this last move down had a lot to do with stoch/rsi..
  • #190,440
  • Feb 4, 2010 10:55pm Feb 4, 2010 10:55pm
Fibo taken down let's see what it does @ TL
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