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  • #1,321
  • May 12, 2010 8:35pm May 12, 2010 8:35pm
Quoting MarcVUM
No? Hmm, I'm not a big news trader so maybe I should let it come back to a price I'm willing to pay right now.
Maybe you guys can explain beter ... how can employment change be positive and unemployment go up? Is it just that previous non-job seekers are now in the market?

Btw, I have been looking at the thread for a while but these are my first two posts. Nice thread Saxon - I especially like the feel of familiarity you guys have with each other.
  • #1,322
  • May 12, 2010 8:38pm May 12, 2010 8:38pm
probably was a good sell opportunity for AUD, should test .88 in next couple days.
  • #1,323
  • May 12, 2010 8:38pm May 12, 2010 8:38pm
Quoting aragorn123
Check out Fxsolutions, although I am not sure if you can call them low spreads. Spreads for Aussie is 4, Euro is 3, Yen is 3, Cable is 5 and the Guppy is 9pips.

I don't think they are low by any means but like you, I don't like brokers who widen their spreads during newstime.
Does that broker offer fixed?

I'm sure all brokers do it, it would just be nice if they didn't. My AU spread during normal conditions is around 3 with the bigger pairs around 2 and exotics way up there.

Na, it just made me mad because my spread on AU went from 3 to about 15 in a couple of seconds and averaged 9 in the realease. It was odd, usually about 5 or so in a release.

We should start a fixed-spread FCM
  • #1,324
  • May 12, 2010 8:39pm May 12, 2010 8:39pm
that might be a typo, if you go to the abs website is says the rate remained steady at 5.4%.
  • #1,325
  • May 12, 2010 8:39pm May 12, 2010 8:39pm
Quoting aragorn123
Maybe you guys can explain beter ... how can employment change be positive and unemployment go up? Is it just that previous non-job seekers are now in the market?

Btw, I have been looking at the thread for a while but these are my first two posts. Nice thread Saxon - I especially like the feel of familiarity you guys have with each other.
Welcome to the thread!

It probably does have something to do with what you have mentioned. Same type of thing happens here in the U.S. although the Real Unemployment Rate is not allowed to be published to the public.

Anyone up for a buy at 8955?
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,326
  • May 12, 2010 8:40pm May 12, 2010 8:40pm
Quoting Clouds
probably was a good sell opportunity for AUD, should test .88 in next couple days.
Hey Clouds, long time. How the trades been going?

I agree with your AU analysis.
  • #1,327
  • May 12, 2010 8:41pm May 12, 2010 8:41pm
Quoting aragorn123
Maybe you guys can explain beter ... how can employment change be positive and unemployment go up? Is it just that previous non-job seekers are now in the market?

Btw, I have been looking at the thread for a while but these are my first two posts. Nice thread Saxon - I especially like the feel of familiarity you guys have with each other.
I think it is actually the number of NEW jobs created for the number increase....therefore that is good....
  • #1,328
  • May 12, 2010 8:43pm May 12, 2010 8:43pm
Quoting amyc
that might be a typo, if you go to the abs website is says the rate remained steady at 5.4%.
Ya, but off forecasts, not previous I think
  • #1,329
  • May 12, 2010 8:44pm May 12, 2010 8:44pm
Ok, went long at 8955 and sold at 8960. 5 pips in the bag and I don't feel so cheated from my time spent here tonight!

I was hoping for more excitement!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,330
  • May 12, 2010 8:44pm May 12, 2010 8:44pm
Quoting Saxon
Hey Clouds, long time. How the trades been going?

I agree with your AU analysis.
good, thanks
my GU short is good. waiting for my new GJ short to get in profit.
  • #1,331
  • May 12, 2010 8:45pm May 12, 2010 8:45pm
Quoting aragorn123
Maybe you guys can explain beter ... how can employment change be positive and unemployment go up? Is it just that previous non-job seekers are now in the market?

Btw, I have been looking at the thread for a while but these are my first two posts. Nice thread Saxon - I especially like the feel of familiarity you guys have with each other.
Yes, welcome to the thread! Great to have new faces. We're all friends here
  • #1,332
  • May 12, 2010 8:45pm May 12, 2010 8:45pm
GoMarkets spread went from 1.1 to 3.2, anyone would think they’re trying to make money.
Any way I got 9 pips.
  • #1,333
  • May 12, 2010 8:49pm May 12, 2010 8:49pm
AU testing S/R, still no trade for me. I think Amy called the next friction at 8980 earlier today.
  • #1,334
  • May 12, 2010 8:49pm May 12, 2010 8:49pm
Quoting Saxon
AU testing S/R, still no trade for me. I think Amy called the next friction at 8980 earlier today.
here's my chart
Attached Image (click to enlarge)
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  • #1,335
  • May 12, 2010 8:50pm May 12, 2010 8:50pm
Quoting Saxon
AU testing S/R, still no trade for me. I think Amy called the next friction at 8980 earlier today.
Yep. Isn't your UTL right around 8955 now? Will probably see a test of that level. I'm still betting northbound after that.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,336
  • May 12, 2010 8:51pm May 12, 2010 8:51pm
I think 8984 will determine bullish or bearish today, I'm holding long from dp, will trail the stop and see what I can get.
  • #1,337
  • May 12, 2010 8:53pm May 12, 2010 8:53pm
Quoting MarcVUM
Yep. Isn't your UTL right around 8955 now? Will probably see a test of that level. I'm still betting northbound after that.
That's right near my 100 MA
  • #1,338
  • May 12, 2010 8:56pm May 12, 2010 8:56pm
hhhh

Attached Image
  • #1,339
  • May 12, 2010 8:57pm May 12, 2010 8:57pm
Quoting amyc
I think 8984 will determine bullish or bearish today, I'm holding long from dp, will trail the stop and see what I can get.
You're rarely wrong so let's see what happens

I guess I'm just a negative nancy and can't shake my bearish sentiment. So far the market is looking positively at the data, I just still don't think it's enough for anything LT though. Probably will be trading GU next.
  • #1,340
  • May 12, 2010 8:59pm May 12, 2010 8:59pm
Should've Could've Would've held that long from 8955!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
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