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  • #280,921
  • Aug 12, 2010 7:25am Aug 12, 2010 7:25am
Quoting Sunsi
Any thoughts on how the news will affect EUR/USD?
Asked the same question... I have read that this should not matter since it is not the week of NFP. We'll find out in 5 minutes.

If you are news scalping you should wait for the market to react, at least 3-5 minutes, and get in on a retracement.

If you are worried about your open positions... you shouldn't have any this close to news!
  • #280,922
  • Aug 12, 2010 7:27am Aug 12, 2010 7:27am
Quoting gatorinla
please refrain from insulting others.
i know, easy with the insults guys.

u can criticise the trade or method (not the person) in a nice manner.
Enter Signature
  • #280,923
  • Aug 12, 2010 7:28am Aug 12, 2010 7:28am
Quoting Norok
Asked the same question... I have read that this should not matter since it is not the week of NFP. We'll find out in 5 minutes.

If you are news scalping you should wait for the market to react, at least 3-5 minutes, and get in on a retracement.

If you are worried about your open positions... you shouldn't have any this close to news!
My personal opinion is that some bad news for the US will strenghten the dollar.

Because: I think bad news will show that the recovery of the US economy is going slower then they might had thought. This will cause more panic in the stockmarket and trades will sell, like they did yesterday.
  • #280,924
  • Aug 12, 2010 7:29am Aug 12, 2010 7:29am
Quoting T@rantula
2787 scalp closed, good bounce level for some profit
you seem to make quite some profit. how do you do it?

i guess my question is, what's ur method?
Enter Signature
  • #280,925
  • Aug 12, 2010 7:30am Aug 12, 2010 7:30am
Quoting Sunsi
My personal opinion is that some bad news for the US will strenghten the dollar.

Because: I think bad news will show that the recovery of the US economy is going slower then they might had thought. This will cause more panic in the stockmarket and trades will sell, like they did yesterday.
But what will good news do? Shore up stock market losses from yesterday and have investors returning to the market? I doubt it. When you by T-bills its a long term investment. Everyone bought them yesterday. I don't see them getting out the very next day.
  • #280,926
  • Aug 12, 2010 7:31am Aug 12, 2010 7:31am
that's is not good i forget to change clock
  • #280,927
  • Aug 12, 2010 7:32am Aug 12, 2010 7:32am
nice bounce off monthly pivot....+23
  • #280,928
  • Aug 12, 2010 7:33am Aug 12, 2010 7:33am
My opinion.

If Jobless claims number decrease meaning economy improving after all. So i can long EurUsd and up trend continuation.

If more jobless, economy is not improving, short Eurusd.

FOMC release today and tomorrow they might show some porno to stimulate the economy.
  • #280,929
  • Aug 12, 2010 7:33am Aug 12, 2010 7:33am
Quoting vosterfxandy
you seem to make quite some profit. how do you do it?

i guess my question is, what's ur method?
Black Widow system, divergences, PA and Murrey math
  • #280,930
  • Aug 12, 2010 7:34am Aug 12, 2010 7:34am
might be some stops above 30/35...I had mine there
Look Sharp/Trade Tight
  • #280,931
  • Aug 12, 2010 7:34am Aug 12, 2010 7:34am
Verdict is.... EU didn't care much.
  • #280,932
  • Aug 12, 2010 7:36am Aug 12, 2010 7:36am
Quoting mfoste1
nice bounce off monthly pivot....+23
Indeed, only noticed that when I changed my Pivot level. Never even looked at that. Do you keep D1/W1/M pivots up at all times? I don't think my chart has room for all that!
  • #280,933
  • Aug 12, 2010 7:36am Aug 12, 2010 7:36am
Quoting T@rantula
Black Widow system, divergences, PA and Murrey math
What is this PA people talk about ??
  • #280,934
  • Aug 12, 2010 7:37am Aug 12, 2010 7:37am
very important pattern

Attached Image



means "be ready, price will jump straight on xyxj"
No crystal ball. I read the cards.
  • #280,935
  • Aug 12, 2010 7:37am Aug 12, 2010 7:37am
Quoting Lorna
What is this PA people talk about ??
Price Action
Look Sharp/Trade Tight
  • #280,936
  • Aug 12, 2010 7:38am Aug 12, 2010 7:38am
Quoting Lorna
What is this PA people talk about ??
Price Action, the most important element, well above indicator (at least for me)
COT: The precious data ignored
  • #280,937
  • Aug 12, 2010 7:39am Aug 12, 2010 7:39am
Quoting intery
very important pattern

Attachment


means "be ready, price will jump straight on xyxj"
I thought the middle finger means FU?
  • #280,938
  • Aug 12, 2010 7:40am Aug 12, 2010 7:40am
Quoting Lorna
What is this PA people talk about ??
Price action
  • #280,939
  • Aug 12, 2010 7:40am Aug 12, 2010 7:40am
EC still heavy
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 15 KB
Look Sharp/Trade Tight
  • #280,940
  • Aug 12, 2010 7:41am Aug 12, 2010 7:41am
Quoting PayTheLimit
EC still heavy
EC?
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