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  • #288,321
  • Sep 2, 2010 3:28pm Sep 2, 2010 3:28pm
Ok I have a question for the FX wizards in the forum. What are the possibilities for the NFP tomorrow with regards to the Euro. If I understand it correctly good numbers should cause the Euro to drop, but it could ease risk aversion which could cause it to rise. Then if the news is bad it should cause the Euro to rise, however if the news is too bad is could cause increased risk aversion which would cause it to drop. Basically there is no telling what's going to happen at this point. Anyone see a more predictable scenario?
  • #288,322
  • Sep 2, 2010 3:37pm Sep 2, 2010 3:37pm
[quote = jaws810 ; 3.996.794 ] Ok ho una domanda per i maghi FX nel forum. Quali sono le possibilità per il domani PFN per quanto riguarda l'Euro. Se ho capito bene i numeri correttamente dovrebbe causare l'euro a goccia, ma potrebbe facilitare l'avversione al rischio che potrebbe provocare la lievitazione . Poi se la notizia è cattiva dovrebbe causare l'euro a salire, ma se la notizia è troppo cattiva è potrebbe causare un aumento dell'avversione al rischio che l'avrebbe fatta cadere. Fondamentalmente non si sa cosa succederà a questo punto. Chiunque veda uno scenario più prevedibile ? [/ quote]


I think the news is of considerable impact on the market but not so much as to reverse! The market will decide when and how .. I think that will touch the top of the medium term but we have to wait to see the drops on September 17 with the expiry of options

remember that the strikes are set at maximum profit 1:32 1:19 1:26

This is only my second strategic consideration my TS
bye


There is only one right price.... what the customer is willing to pay !
  • #288,323
  • Sep 2, 2010 3:38pm Sep 2, 2010 3:38pm
buy the dip till one hour before the nfp. After the results move with flow and grab as much as possible.
  • #288,324
  • Sep 2, 2010 3:39pm Sep 2, 2010 3:39pm
Forex volumen daily : 3,981 Trillion Dollar

worldwide export volume 2009: 12,147 Trillion Dollar for the whole year



http://1.bp.blogspot.com/_4bEaRUYaLZ...D4/s1600/1.jpg
  • #288,325
  • Sep 2, 2010 3:45pm Sep 2, 2010 3:45pm
Quoting jaws810
Anyone see a more predictable scenario?
Yes. I am going to be richer after its all over.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #288,326
  • Sep 2, 2010 3:55pm Sep 2, 2010 3:55pm
Quoting jaws810
Ok I have a question for the FX wizards in the forum. What are the possibilities for the NFP tomorrow with regards to the Euro. If I understand it correctly good numbers should cause the Euro to drop, but it could ease risk aversion which could cause it to rise. Then if the news is bad it should cause the Euro to rise, however if the news is too bad is could cause increased risk aversion which would cause it to drop. Basically there is no telling what's going to happen at this point. Anyone see a more predictable scenario?
you answered your question
those who can, do. those who cant, talk about those who can
  • #288,327
  • Sep 2, 2010 3:58pm Sep 2, 2010 3:58pm
daily to close with bullish note
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  • #288,328
  • Sep 2, 2010 4:01pm Sep 2, 2010 4:01pm
Quoting The Fool
Yes. I am going to be richer after its all over.
So how much u make on average per month from fx?
  • #288,329
  • Sep 2, 2010 4:04pm Sep 2, 2010 4:04pm
Quoting Robot
So how much u make on average per month from fx?
silly wobot
"If The Fool persists in his Folly he will become wise." - William Blake
  • #288,330
  • Sep 2, 2010 4:09pm Sep 2, 2010 4:09pm
Quoting The Fool
silly wobot
LOL its funny how I havn't even seen 1 single person in this forum to come up from the croud and show statements on how much they make from forex...I don't know why..maybe because they think they might get hacked or assassinated? god knows why LOL!!!!
  • #288,331
  • Sep 2, 2010 5:06pm Sep 2, 2010 5:06pm
Quoting Robot
LOL its funny how I havn't even seen 1 single person in this forum to come up from the croud and show statements on how much they make from forex...I don't know why..maybe because they think they might get hacked or assassinated? god knows why LOL!!!!
Ha, I think most people are ashamed of their trading methods and don't want to show everyone else how far their losses really do run!!
  • #288,332
  • Edited 8:23pm Sep 2, 2010 5:11pm | Edited 8:23pm
Quoting spivvster
Ha, I think most people are ashamed of their trading methods and don't want to show everyone else how far their losses really do run!!
you should be more concerned with your own profits and losses. Too many nosy ass people, probably why our society is so screwed up now because people tend to want to be in the next person's business. What ever the traders in this or any other forum makes or loses affects only that indiviual, and no one else. Spend some of that energy refining your own skills. Food for thought!
All that is left in FF is just plain garbage. "Cloggie"
  • #288,333
  • Sep 2, 2010 5:23pm Sep 2, 2010 5:23pm
nice clean chart sais it all.
or at least a lot of it.
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  • #288,334
  • Sep 2, 2010 5:41pm Sep 2, 2010 5:41pm
Well after relooking at things I totally change what I said yesterday. Today the big picture looks like this.

And because of so much sideways movement today on Wave C looks like the market is completely exhausted.
I dont expect it to go up much more at all.

Instead of going up like I suggested before we are now going to see new continuation of the down trend that we have seen in August. So this is a good 600 PIPS for September and we are sitting on the cliff.

Can you see it ?

So when to start shorting ?
Attached Image (click to enlarge)
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  • #288,335
  • Sep 2, 2010 5:47pm Sep 2, 2010 5:47pm
Quoting DrLobo
Well after relooking at things I totally change what I said yesterday. Today the big picture looks like this.

And because of so much sideways movement today on Wave C looks like the market is completely exhausted.
I dont expect it to go up much more at all.

Instead of going up like I suggested before we are now going to see new continuation of the down trend that we have seen in August. So this is a good 600 PIPS for September and we are sitting on the cliff.

Can you see it ?

So when to start shorting ?
Does 1.2870 fit in your picture..?
And how about 1.2920?
  • #288,336
  • Sep 2, 2010 5:58pm Sep 2, 2010 5:58pm
Today I had a feeling that the Bull market was exhausted . Most of the day was spent going down apart from a few big spikes. I am a novice but I might read that as lots of people are selling the Euro ... but a few big players are buying the Euro ? (huge spikes in 30 seconds followed by 2-3 hours of bear corrections)

In any case i have no idea how to pick the bottom and worse ... I have no idea of identifying Wave 1 of the new downtrend before its too late. Would breaking 1.2800 be the trigger ?_

I might just do something like what you suggest and stick a short at 1.2870 maybe ... but say if it collapses before then ? I have no idea what to do.

Quoting longshot_nl
Does 1.2870 fit in your picture..?
And how about 1.2920?
  • #288,337
  • Sep 2, 2010 6:09pm Sep 2, 2010 6:09pm
Quoting DrLobo
Today I had a feeling that the Bull market was exhausted . Most of the day was spent going down apart from a few big spikes. I am a novice but I might read that as lots of people are selling the Euro ... but a few big players are buying the Euro ? (huge spikes in 30 seconds followed by 2-3 hours of bear corrections)

In any case i have no idea how to pick the bottom and worse ... I have no idea of identifying Wave 1 of the new downtrend before its too late. Would breaking 1.2800 be the trigger ?_

I might just do something like what you suggest...
If the wedge in my chart breaks down... then pulls back to the bottom wedge line and stops there, is a nice short.
1.2870 still seems best entry to me.
If the wedge is broken up, i wouldn't consider a short.

I think the price wants to make a shooting star pattern on the daily tomorow or satisfy lagging indicators that it doesn't go anywhere now.

The longer it takes the more i think 1.292 or down break of wedge though.
I wonder what tomorows pivot levels will bring.
  • #288,338
  • Sep 2, 2010 6:09pm Sep 2, 2010 6:09pm
Quoting The Fool
hope you are right - news says oil slick a mile long - but that could just be from the diesel tanks on the platform or whatever
http://www.msnbc.msn.com/id/38973757...ife/?GT1=43001
  • #288,339
  • Sep 2, 2010 6:23pm Sep 2, 2010 6:23pm
May be that Asia can move this pair but at the moment eur/chf looks like its about to drop which would contribute some downward movement for this pair.

But who knows...usually not much trading during Asia on this pair.
They think they are smarter than I am.
  • #288,340
  • Sep 2, 2010 6:25pm Sep 2, 2010 6:25pm
problem is ... if you number the wave differently (and I am kind of favouring this version now) then it tells us something tottally different.

I have no idea.
Attached Image (click to enlarge)
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