im with scooby.. solving mysteries..
Zen Trading - $30 to $50,000 by 1 August 2010 60 replies
What's the diff b/t ADP NFP and NFP? 14 replies
Where to get NFP forecast for August 2010? 6 replies
Looking Ahead to Trading Opportunities in 2010 6 replies
NFP March 9 24 replies
DislikedIm 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.Ignored
DislikedFACT 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...Ignored
DislikedNice, well said...hopefully those so called market predictors will learn. What had happened to all of their prediction today?Ignored
DislikedWell ... 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.Ignored