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  • #190,681
  • Feb 5, 2010 6:30am Feb 5, 2010 6:30am
hey,

I know I should wait for about 5-10 min after the news to place an order, but will it right if I place sell stop 5 min before news with 5pip stop lose and 50pip take profit and after when the dust has settled place another order on the direction it goes? or would it be like the last time when I had slippage 30pips...???
  • #190,682
  • Feb 5, 2010 6:35am Feb 5, 2010 6:35am
Read the release stop thumbs uping it because its stupid theory.

All it says is, bad figures=the correlation that stock market doing good=dollar bad that happens sometimes= good reason for dollar to go up. good figures=well that correlation thing is pretty dumb so the dollar is going to go up.
  • #190,683
  • Feb 5, 2010 6:40am Feb 5, 2010 6:40am
Just an FYI decent read - http://www.marketwatch.com/story/mas...rse-2010-02-04
Massive revision will show recession was even worse....More than 8 million jobs lost since 2007, updated Labor data will show Friday this has been the worst recession since the end of the World War II more than 60 years ago.
  • #190,684
  • Feb 5, 2010 6:49am Feb 5, 2010 6:49am
Quoting smokemachine
hey,

I know I should wait for about 5-10 min after the news to place an order, but will it right if I place sell stop 5 min before news with 5pip stop lose and 50pip take profit and after when the dust has settled place another order on the direction it goes? or would it be like the last time when I had slippage 30pips...???
i was thinking of doing thesame but i dont know hoe effective it might be... lets wait and see the out come anyway...
PIP IS REALLY A PIP WHEN IT IS GAINED AND NOT LOST...
  • #190,685
  • Feb 5, 2010 6:49am Feb 5, 2010 6:49am
Quoting nms4716
Just an FYI decent read - http://www.marketwatch.com/story/mas...rse-2010-02-04
Massive revision will show recession was even worse....More than 8 million jobs lost since 2007, updated Labor data will show Friday this has been the worst recession since the end of the World War II more than 60 years ago.
Can't tell if they are saying their estimates put the unemployment at higher then 10.8 because it peaked at 10.8 in 82 and its currently 10.0.
  • #190,686
  • Feb 5, 2010 6:52am Feb 5, 2010 6:52am
Still shorts on previous & this time not moved much , tp 1.3655 intact but pending at 1.3718 activated but corresponding gold at 1060 not .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #190,687
  • Feb 5, 2010 6:56am Feb 5, 2010 6:56am
how do u guys trade the nfp knowing its a one directional move... do you just place a sell or buy stop and let the market take u into it or what?
PIP IS REALLY A PIP WHEN IT IS GAINED AND NOT LOST...
  • #190,688
  • Feb 5, 2010 6:56am Feb 5, 2010 6:56am
We are at an uncertain level. news soon.
I wait for more characters.
goog pips for all
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  • #190,689
  • Feb 5, 2010 6:57am Feb 5, 2010 6:57am
Same old story every time...
Lots of profit taking before the news, 50% from the move (from lows).

I would like to see this go up
They think they are smarter than I am.
  • #190,690
  • Feb 5, 2010 6:59am Feb 5, 2010 6:59am
Quoting jaspatopaz
how do u guys trade the nfp knowing its a one directional move... do you just place a sell or buy stop and let the market take u into it or what?
You can hedge, hedge, hedge and hedge it. Lots of zig-zag expected.
They think they are smarter than I am.
  • #190,691
  • Feb 5, 2010 7:04am Feb 5, 2010 7:04am
Quoting Z3iz3i
You can hedge, hedge, hedge and hedge it. Lots of zig-zag expected.
am not in any market right now... juz want to trade the nfp... what a sweet move it could be... am asking how it could be traded.
PIP IS REALLY A PIP WHEN IT IS GAINED AND NOT LOST...
  • #190,692
  • Feb 5, 2010 7:04am Feb 5, 2010 7:04am
Quoting jaspatopaz
how do u guys trade the nfp knowing its a one directional move... do you just place a sell or buy stop and let the market take u into it or what?

i would be very careful on a day like today thinking its a one directional move. we have had so much volatility the last 2 weeks, this thing could move today easily in either direction. i think the overall trend is aggressively down, but in the corner of my mind this badly needed correction is lingering, i cant help but think that everytime everyone is on one side of a trade it moves in the opposite direction and BIG... pls also consider its friday, always crazy until noon, IMO...
  • #190,693
  • Feb 5, 2010 7:06am Feb 5, 2010 7:06am
Quoting Z3iz3i
Same old story every time...
Lots of profit taking before the news, 50% from the move (from lows).

I would like to see this go up

what currency are you looking at where you see it retraced 50% from the low...maybe 50 pips and with the amt of selling that took place yesterday, thats not that much selling, people are holding positions
  • #190,694
  • Feb 5, 2010 7:06am Feb 5, 2010 7:06am
welcome 1.32000
  • #190,695
  • Feb 5, 2010 7:07am Feb 5, 2010 7:07am
Quoting dil
welcome 1.32000
Dil you short right now or waitng for the news to strike?
  • #190,696
  • Feb 5, 2010 7:10am Feb 5, 2010 7:10am
very considerable resistance 38 - 50% fib
we'll see what happens
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  • #190,697
  • Feb 5, 2010 7:10am Feb 5, 2010 7:10am
Quoting jdutch
what currency are you looking at where you see it retraced 50% from the low...maybe 50 pips and with the amt of selling that took place yesterday, thats not that much selling, people are holding positions
Ah sorry, from lows to London high, my mistake. Intraday view.
They think they are smarter than I am.
  • #190,698
  • Feb 5, 2010 7:10am Feb 5, 2010 7:10am
A few interesting numbers before nfp just to increase the level of uncertainty.

budget deficit Greece: 8.7%
budget deficit US: 10.2%

The relative 'weight' of these two economies on e.u is incomparable. So the ? is: isn't Greece overdone?
  • #190,699
  • Feb 5, 2010 7:12am Feb 5, 2010 7:12am
Quoting nms4716
Dil you short right now or waiitng for the news to strike?
Drinking whiskey and smoking Montecristo no 4 ,cigars , yeah waitin for news
  • #190,700
  • Feb 5, 2010 7:14am Feb 5, 2010 7:14am
Quoting dil
welcome 1.32000
If it strike today 32 i will go ahead and buy next lexux 2010
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