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Cable Update (GBPUSD)

  • #243,861
  • Aug 6, 2010 5:17am Aug 6, 2010 5:17am

  1. spreads will be high,
  2. spikes in both direction
  3. whipsaws
  4. burnt accounts

thats the definition of NFP

  • #243,862
  • Aug 6, 2010 5:18am Aug 6, 2010 5:18am
Quoting forexlion
a very massive

massive

0.1 pips i think

  • #243,863
  • Aug 6, 2010 5:19am Aug 6, 2010 5:19am
Quoting forexlion

  1. spreads will be high,
  2. spikes in both direction
  3. whipsaws
  4. burnt accounts

thats the definition of NFP


spike is the dangerous think at forex.... many people easy loss money because of spike....
  • #243,864
  • Aug 6, 2010 5:20am Aug 6, 2010 5:20am
Quoting AdrianHNV
Interesting to see the movements going on for the last 30 minutes or so between the different pairs.........

Seems like whoever is pulling the strings is trying too see where the breaks could be

Typical NFP action, lots of jostling for position, lots of fakes with orders being put out to see if someone else blinks and jumps on it to form some good momentum bars. Lots of HFT now trying to find the big moves to make some money on someone else jumping the gun. There are some that claim they know how to trade NFP, I just stay out and wait to see where and when I can find some scalps. That only works if you have a platform that will accept your trade with little or no latency, MT4 is definitely not one.
  • #243,865
  • Aug 6, 2010 5:22am Aug 6, 2010 5:22am
It might have potentially to go down to around 1.5800 or below
(Current Price: 1.5877)
  • #243,866
  • Aug 6, 2010 5:23am Aug 6, 2010 5:23am
Quoting cloggie
Typical NFP action, lots of jostling for position, lots of fakes with orders being put out to see if someone else blinks and jumps on it to form some good momentum bars. Lots of HFT now trying to find the big moves to make some money on someone else jumping the gun. There are some that claim they know how to trade NFP, I just stay out and wait to see where and when I can find some scalps. That only works if you have a platform that will accept your trade with little or no latency, MT4 is definitely not one.
Not to forget FF FREEZE during NFP news
  • #243,867
  • Aug 6, 2010 5:25am Aug 6, 2010 5:25am
Quoting forexlion
Not to forget FF FREEZE during NFP news

CNBC takes care of that, and let's be honest do we really care what some post here during the actual news release?
  • #243,868
  • Aug 6, 2010 5:25am Aug 6, 2010 5:25am
Quoting forexlion
Not to forget FF FREEZE during NFP news
Freeze... lucky if the bull and bear freeze heheh
  • #243,869
  • Aug 6, 2010 5:27am Aug 6, 2010 5:27am
Baby bearish have born for last day.. now is will continue grow and strong day by day to fight the brother bullish ...
  • #243,870
  • Aug 6, 2010 5:28am Aug 6, 2010 5:28am
Quoting forexlion
Not to forget FF FREEZE during NFP news


http://img686.imageshack.us/img686/5305/33883028.gif
  • #243,871
  • Aug 6, 2010 5:32am Aug 6, 2010 5:32am
Cr@p numbers, 1.6+ here we come.

Still a jobless recovery.

Some of the muppets on CNBC are trying to talk this up.
  • #243,872
  • Aug 6, 2010 5:37am Aug 6, 2010 5:37am
es below 1113, DOW testing support at 10572
  • #243,873
  • Aug 6, 2010 5:39am Aug 6, 2010 5:39am
Quoting forexlion
NaughtyFemalePiss
Your definition is instructive. Did you watch the madness?
I always take NFP and FOMC to be nuisance.
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #243,874
  • Aug 6, 2010 5:39am Aug 6, 2010 5:39am
June number revised to -221. They are dripfeeding us the shite again.
  • #243,875
  • Aug 6, 2010 5:40am Aug 6, 2010 5:40am
Quoting cloggie
Cr@p numbers, 1.6+ here we come.

Still a jobless recovery.

Some of the muppets on CNBC are trying to talk this up.
Basically the USA, is knee deep in Bullshit!!!!!!!!!!!
  • #243,876
  • Aug 6, 2010 5:43am Aug 6, 2010 5:43am
IF we get a good close above 5904-ish the retrace here is doomed and we are going to see if they still have an option barrier at 5960-ish.

On fibre 3260-ish is the key to set a new high and continue there.
  • #243,877
  • Aug 6, 2010 5:43am Aug 6, 2010 5:43am
The Euro and Swissy are loving it, as always the stiff upper lips Brits are slow too react
  • #243,878
  • Aug 6, 2010 5:45am Aug 6, 2010 5:45am
Quoting AdrianHNV
The Euro and Swissy are loving it, as always the stiff upper lips Brits are slow too react

Volume driven. The simple basic law of price movement.
  • #243,879
  • Aug 6, 2010 5:48am Aug 6, 2010 5:48am
although manufacturing jobs rose above last month's +9k and the +10k forecast to +36k, Private sector jobs came in @ +71k below the +90k forecast, with a big negative revison to last month's -125k to -221k and a bad headline print of -131k this month....the market reacts accordinglt and dumps the $..nice post data play !!

G/L
ex member
  • #243,880
  • Aug 6, 2010 5:50am Aug 6, 2010 5:50am
Nice Short entry

I Love NFP

http://img153.imageshack.us/img153/9398/76456023.gif
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