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EURUSD

  • #190,661
  • Feb 5, 2010 5:57am Feb 5, 2010 5:57am
Will CAD news if bad have any effect on E/U?
  • #190,662
  • Feb 5, 2010 5:58am Feb 5, 2010 5:58am
I am not a charts addict

When you have many many years of trading you use charts more for a back up for when you are not monitoring.

And without a ton of sh.... on it

Kiss system

What i try to explain is that charts are in my head because i have a huge experience and dont forget charts always lagg.
  • #190,663
  • Feb 5, 2010 5:59am Feb 5, 2010 5:59am
NZd/Uds on very thin line now/double top made/just waiting now to see if breached
  • #190,664
  • Feb 5, 2010 5:59am Feb 5, 2010 5:59am
http://www.forexfactory.com/showpost...stcount=190368

spieler, about this theory what do you say?
it is or isn't what you feel in the air?
LOL
  • #190,665
  • Feb 5, 2010 6:03am Feb 5, 2010 6:03am
KarimFx

You speak like a book
nice to read you ....
  • #190,666
  • Feb 5, 2010 6:04am Feb 5, 2010 6:04am
Quoting spieler
When bad figures get these effects it is usualy time for a rebound.

But we are on nfp day and everything can happen because every traders ( big and small) are very nervous .

In my opinion as said before we are on a capitulation day and euro is going to go back to 138 minimum.
let see what happen

If NFP is bad, it will weight on stocks and Eu most likely will follow. Remember its a strong bear market.
  • #190,667
  • Feb 5, 2010 6:06am Feb 5, 2010 6:06am
yes as you said it IS
let see what happen it can become a strong bull market in couple of seconds as usual
I dont try to guess i have my entry points whatever happens but i have a feeling ..that does not mean that i follow it
trade safe
  • #190,668
  • Feb 5, 2010 6:06am Feb 5, 2010 6:06am
Today's release of US labour market statistics may present a good opportunity to sell Eur/Usd for those who either wish to add to positions or to get on board for the first time.
Consensus expectation is for NFP to print at +15k, and for the headline unemployment rate to stay at 10.0%.
A bad NFP figure, -75k or worse, say, would probably lead to an extension of stock market losses, aggravating the 'risk-off' move, sending USD higher across the board, (except agst JPY maybe), with Eur/Usd ending lower on the day.
A good figure, +75k or better, would lead to a relief rally in stock markets and risk and, should this extend to a rally in Eur/Usd, then I think that will represent a great chance to sell, because the declines in Eur we have seen in the last week or two, in contrast to December's move, have not been a USD story-they have, instead, been driven by the Euro's own problems-Greece specifically, now infecting sentiment across the euro periphery generally.
Stay short Eur/Usd, or be grateful for a bounce to 1.3775 to build/enter.
  • #190,669
  • Feb 5, 2010 6:09am Feb 5, 2010 6:09am
Okay guys stop looking at some stupid production, figure. Few things, tax raises and 1.5 trillion dollar deficit. So bad for the US market as a whole because capital gains is going up and borrowing over a trillion dollars to do nothing and copy the efforts of FDR thanks to this idiot named John Maynard Keynes.

Paraphrase: All the dollar has going for it is the iPad and thats also good for China, who loans us money.
  • #190,670
  • Feb 5, 2010 6:09am Feb 5, 2010 6:09am
Quoting Fly2
Today's release of US labour market statistics may present a good opportunity to sell Eur/Usd for those who either wish to add to positions or to get on board for the first time.
Consensus expectation is for NFP to print at +15k, and for the headline unemployment rate to stay at 10.0%.
A bad NFP figure, -75k or worse, say, would probably lead to an extension of stock market losses, aggravating the 'risk-off' move, sending USD higher across the board, (except agst JPY maybe), with Eur/Usd ending lower on the day.
A good figure, +75k or better, would...
FLY, GREAT Analysis!!!
  • #190,671
  • Feb 5, 2010 6:12am Feb 5, 2010 6:12am
upper tl still valid as I drew it wrong on the post this morning just checked and adjusted price just touched and went back down again. see cahrt
Attached Image (click to enlarge)
Click to Enlarge Name: 050210(2).jpg Size: 104 KB
Trade on your own risk Plan your trade&trade your plan dont be a
  • #190,672
  • Feb 5, 2010 6:13am Feb 5, 2010 6:13am
Quoting nms4716
FLY, GREAT Analysis!!!
just a copy and paste/not my own analysis.Like I said take with a grain of salt.
Saxobank.
  • #190,673
  • Feb 5, 2010 6:17am Feb 5, 2010 6:17am
Quoting Fly2
just a copy and paste/not my own analysis.Like I said take with a grain of salt.
Saxobank.
strange I am with saxobank too but never got such an article from them...
Trade on your own risk Plan your trade&trade your plan dont be a
  • #190,674
  • Feb 5, 2010 6:20am Feb 5, 2010 6:20am
What if it comes out as expected Non-Farm Employment Change at 10k? Should you buy USD? if the jobless rate stays the same we should dump the greeny?
  • #190,675
  • Feb 5, 2010 6:20am Feb 5, 2010 6:20am
Quoting Trading Cat
strange I am with saxobank too but never got such an article from them...
it's all about your account size...
LOL
  • #190,676
  • Feb 5, 2010 6:22am Feb 5, 2010 6:22am
http://www.actionforex.com/fundament...0100205106132/
Quoting Trading Cat
strange I am with saxobank too but never got such an article from them...
  • #190,677
  • Feb 5, 2010 6:24am Feb 5, 2010 6:24am
Quoting Fly2
http://www.actionforex.com/fundament...0100205106132/
thx
Trade on your own risk Plan your trade&trade your plan dont be a
  • #190,678
  • Feb 5, 2010 6:28am Feb 5, 2010 6:28am
Quoting Fly2
Today's release of US labour market statistics may present a good opportunity to sell Eur/Usd for those who either wish to add to positions or to get on board for the first time.
Consensus expectation is for NFP to print at +15k, and for the headline unemployment rate to stay at 10.0%.
A bad NFP figure, -75k or worse, say, would probably lead to an extension of stock market losses, aggravating the 'risk-off' move, sending USD higher across the board, (except agst JPY maybe), with Eur/Usd ending lower on the day.
A good figure, +75k or better,...
It somehow goes in line with the trade reco they have send by email:

Sell € towards 1.3730tp 1.3690 SL 1.3743 by saxobank
Trade on your own risk Plan your trade&trade your plan dont be a
  • #190,679
  • Feb 5, 2010 6:28am Feb 5, 2010 6:28am
Quoting Fly2
Today's release of US labour market statistics may present a good opportunity to sell Eur/Usd for those who either wish to add to positions or to get on board for the first time.
Consensus expectation is for NFP to print at +15k, and for the headline unemployment rate to stay at 10.0%.
A bad NFP figure, -75k or worse, say, would probably lead to an extension of stock market losses, aggravating the 'risk-off' move, sending USD higher across the board, (except agst JPY maybe), with Eur/Usd ending lower on the day.
A good figure, +75k or better, would...



No matter NFP outcome, the trend is clear.
  • #190,680
  • Feb 5, 2010 6:30am Feb 5, 2010 6:30am
Hi all, hows it going?
Here is my chart. Imo I don't think we will have much of a pull back today and I expect to see some lower lows. No target as of yet, just going to trail my stop. Have a great day
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 114 KB
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