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US NFP Trading - March 2010

  • #21
  • Mar 5, 2010 6:30am Mar 5, 2010 6:30am
im with scooby.. solving mysteries..
  • #22
  • Mar 5, 2010 6:34am Mar 5, 2010 6:34am
Quoting scooby-doo
Hedge funds.
Ok i can't wait to see it...anyway i doubt people will sell dollar if numbers are bad...i can't see why they would buy riskier asset than us$ is economy ain't good...

But indeed wait & see...
COT: The precious data ignored
  • #23
  • Mar 5, 2010 6:40am Mar 5, 2010 6:40am
So...are we waiting and seeing?
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  • #24
  • Mar 5, 2010 6:42am Mar 5, 2010 6:42am
Quoting PipSqueeze
So...are we waiting and seeing?
Yes...and i'll stay dollar bull....

So i'm probably wrong :s
COT: The precious data ignored
  • #25
  • Mar 5, 2010 6:46am Mar 5, 2010 6:46am
I agree with you, if news comes out worse, why on earth would GU rise?
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  • #26
  • Mar 5, 2010 6:46am Mar 5, 2010 6:46am
Yes, the number may leak. However I doubt that the dollar will fall. NO one can tell how all the traders emotion will play in to when they actually see the number. No disrepect but your guess is as good as 50/50.

I know this for a fact though. If dollar do indeed fall today which is likely since it has for past 3 days, then it is good opportunity to short it again. Many experts has eye for GU to go down to 1.40XX or even 1.30XX

Quoting scooby-doo
Hedge funds.
  • #27
  • Mar 5, 2010 7:10am Mar 5, 2010 7:10am
I hate to speculate about what will happen. Who cares! See what happens on the charts and jump on the back of whatever currency pair is jumping. I love it. Today could make my whole month. I just want to remind people not to over think it. I have been successfull in this business for a long time and it largely due to just trading what the charts tell me and not trading what I want. Wish everybody good luck!!!!!!!!!!!!!
  • #28
  • Mar 5, 2010 7:17am Mar 5, 2010 7:17am
It could also ruin your month if not careful!

Newbies should stay out, including me! Watching brief only here.
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  • #29
  • Mar 5, 2010 7:22am Mar 5, 2010 7:22am
All you have to do is wait several minutes to see if different currency pairs are strengthening or weakening after the news. Let's say the USD is weakening and JPY pairs are strengthening, well short the USD/JPY. Exp 2, lets say all the AUD pairs are weakening and the CHF pairs are strengthening, short the AUD/CHF. Use reasonable stops and no problem. I call that a slingshot. Can't wait.
  • #30
  • Mar 5, 2010 7:27am Mar 5, 2010 7:27am
this is my favorite tool to use http://theforexheatmap.blogspot.com
  • #31
  • Mar 5, 2010 7:28am Mar 5, 2010 7:28am
Quoting scooby-doo
The dollar will fall.

Fact.

maybe so but just out of curiosity how do you know this?
  • #32
  • Mar 5, 2010 8:02am Mar 5, 2010 8:02am
FACT is no ones know! FACT is don't trust anyone prediction where price is going no matter how good they are. It is as good as a guess. FACT is nothing is guaranteed in Forex so next time please don't say fact. Even Warren Buffet and George Soro never say they know for sure certain investment or trade will profit. That's why they are where they are today. They only ANTICIPATE where the market will be. The only FACT is the PRICE ACTION on the chart, everything else is a GUESS.......NOT FACT! If someone knows for a FACT that the dollar will fall as you mentioned, they wouldn't be on FF. They would have been hired by some HEDGEFUNDS company already....................now that's a FACT!




Quoting scooby-doo
The dollar will fall.

Fact.
  • #33
  • Mar 5, 2010 8:04am Mar 5, 2010 8:04am
I certainly won't but thanks for clarifying.




Quoting brenzaj42
Im not promoting a site, i could care less if you use it. Its a heatmap that allows you to see in real time what currencies are strengthening or weakening so you can take advantage of current market conditions. Don't use it, pull up every chart and determine if what pairs are getting strong or weak on your own. It's forex 101 - parallel and inverse analysis. Just though I would share because in reality, today should be a good day, not one to fear. Just trying to help.
  • #34
  • Mar 5, 2010 8:14am Mar 5, 2010 8:14am
Quoting SeaPip
FACT is no ones know! FACT is don't trust anyone prediction where price is going no matter how good they are. It is as good as a guess. FACT is nothing is guaranteed in Forex so next time please don't say fact. Even Warren Buffet and George Soro never say they know for sure certain investment or trade will profit. That's why they are where they are today. They only ANTICIPATE where the market will be. The only FACT is the PRICE ACTION on the chart, everything else is a GUESS.......NOT FACT! If someone knows for a FACT that the dollar will fall as...
Indeed.
COT: The precious data ignored
  • #35
  • Mar 5, 2010 8:26am Mar 5, 2010 8:26am
Nice, well said...hopefully those so called market predictors will learn. What had happened to all of their prediction today?



Quoting SeaPip
FACT is no ones know!...
-happyTrading-myFx.
  • #36
  • Mar 5, 2010 9:49am Mar 5, 2010 9:49am
Quoting scooby-doo
The dollar will fall.

Fact.
Were you drunk when you posted that?

What's your opinion now? Seems like there's some interest rate expectations going to be priced in?
  • #37
  • Mar 5, 2010 10:39am Mar 5, 2010 10:39am
Quoting myfx
Nice, well said...hopefully those so called market predictors will learn. What had happened to all of their prediction today?

Well ... those that predicted the greenback would fall were pretty much spot on.

I am interested in how many people were dumb enough to trade the NFP using the European currency pairs. Enjoy trying to recoup those losses. Last time I checked, EUR/USD and GBP/USD were still shooting upwards on increased risk.

I, on the other hand, had the foresight to trade USD/JPY, in which risk appetite merely weakened the JPY and continued to boost the dollar. I set my TP at 90.5 and exited with a hefty pip gain. Love this pair.
  • #38
  • Mar 5, 2010 11:39am Mar 5, 2010 11:39am
Quoting kibescorp

I, on the other hand, had the foresight....
Of course you did, but there's not much point telling us about it now, the time to tell us (and trade it) was before the move not after it!
  • #39
  • Mar 5, 2010 11:42am Mar 5, 2010 11:42am
Quoting pipmutt
Of course you did, but there's not much point telling us about it now, the time to tell us (and trade it) was before the move not after it!

-happyTrading-myFx.
  • #40
  • Mar 6, 2010 7:39am Mar 6, 2010 7:39am
Quoting kibescorp
Well ... those that predicted the greenback would fall were pretty much spot on.

I am interested in how many people were dumb enough to trade the NFP using the European currency pairs. Enjoy trying to recoup those losses. Last time I checked, EUR/USD and GBP/USD were still shooting upwards on increased risk.

I, on the other hand, had the foresight to trade USD/JPY, in which risk appetite merely weakened the JPY and continued to boost the dollar. I set my TP at 90.5 and exited with a hefty pip gain. Love this pair.
After-timing. You are. lol.
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