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EURUSD

  • #303,321
  • Oct 8, 2010 8:01am Oct 8, 2010 8:01am
The world wants a stronger USD other than The FED and China
  • #303,322
  • Oct 8, 2010 8:02am Oct 8, 2010 8:02am
Quoting Munal
Enjoying the free trade.........
Total 4 pips risked now........ will let it run...........
Out with 90 Pips, yet another gr8 day... good luck traders.... this is they way Fundi Plays but technical are always strong........
  • #303,323
  • Oct 8, 2010 8:02am Oct 8, 2010 8:02am
1.3880 scalping zone still valid.
But care is necessary, as always.
  • #303,324
  • Oct 8, 2010 8:02am Oct 8, 2010 8:02am
Quoting Sammie
HI I'm a newbie so just watching today. NFP was bad so USD goes down, why had EUR dropped over 100 pips since its initial high?
thats simple : bad us data > bad for world economy > risk aversion > safe heaven> buy USD!
  • #303,325
  • Oct 8, 2010 8:03am Oct 8, 2010 8:03am
Quoting Redeemed1
The world wants a stronger USD other than The FED and China
A strong Dollar is very much in China's interests.
  • #303,326
  • Oct 8, 2010 8:03am Oct 8, 2010 8:03am
What the smart money. Trading NFP is fun as well as challange!!. This looks like going to retest 1.40000
  • #303,327
  • Oct 8, 2010 8:03am Oct 8, 2010 8:03am
1,3835 reached as well, next downside tp is 1,3770
And since the hourly closed in the red, the pressure remained to the downside
Already short, SL at BE, we'll see

What i don't like is that AUD and GBP got a long configuration, who's right...who's wrong

EDIT : out, price is strong in any way
COT: The precious data ignored
  • #303,328
  • Oct 8, 2010 8:03am Oct 8, 2010 8:03am
Quoting dimlat
i just wish i knew how to react ?!!
This is risk...you calculate the PA at that time before the news and there would be a little spike down and then a sudden up place your buy stops and sell stops as well as stop losses and you in for some nice 50 pips at least
  • #303,329
  • Oct 8, 2010 8:03am Oct 8, 2010 8:03am
Quoting kuroro001
What a classic bullish reversal it was...classic!
1,4100 today ?
I think this thing will keep manipulated (G7).. I mean it should go up,

not down, somebody playing with this, GOLD also retreat from previous

huge rise. Manipulation.

Uptrend line still intact so far.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #303,330
  • Oct 8, 2010 8:04am Oct 8, 2010 8:04am
Quoting Sunsi
Did get about 50pips from that move.
Have closed 2 of 3 position, letting last one run SL @ BE.
How do people think this will play out?
We have to take in the consern of inflation..
i think rite now inflation is the least concern for fed, they need to stabilize the economy n get ppl more jobs so they can feed themselves. printing more & more money to stimulate the growth while pushing up the gold and commodity price(bear in mind that america has the largest gold reserves in the world), and when the time is rite, a big sell off of gold and there you go a perfect resurrection of US DOLLAR. who is the winner ?
  • #303,331
  • Oct 8, 2010 8:04am Oct 8, 2010 8:04am
Quoting Redeemed1
Long killer...huge BULL trap. Ouch
depends on how you trade !!! the up move was high vol. climatic== Profit taking..

some sm's are taking profits , after all it's a friday......some are leaving for their Yachts..lol

You see that,,,, You bank profits too...
  • #303,332
  • Oct 8, 2010 8:04am Oct 8, 2010 8:04am
Quoting Creator
Caught 2 lots at almost peak (didn't catch 3 more for 5-15 PIPs), shorted for nice 50x2 PIPs in several minutes.
It's expected, almost classical retracement on such expanded push.
Congrats to you. Nice weekend. Mine will be fine too.

Had in the uppush 33 Pips and in the downmove 121 pips.


What should I say: Aaaaaaaaaaaaaaaaah :-)

But the downmove is not a correction, it is a trend change, wave 3!!!
  • #303,333
  • Oct 8, 2010 8:05am Oct 8, 2010 8:05am
Quoting Creator
20 minutes later we have nice example for new traders what does it mean trading news.


Now, we have further 100 PIPS drops in projection.
nice~....i like that!
  • #303,334
  • Oct 8, 2010 8:05am Oct 8, 2010 8:05am
man, moves so fast off the trend line I didn't get to close my short in time. Would've liked to had that 30 pips and not the pre-teens.
  • #303,335
  • Oct 8, 2010 8:05am Oct 8, 2010 8:05am
  •  jet4x
  • | Joined Aug 2010 | Status: slow & steady turtle wins the race | 168 Posts
Quoting Creator
1.3880 scalping zone still valid.
But care is necessary, as always.
short ,long????
  • #303,336
  • Oct 8, 2010 8:06am Oct 8, 2010 8:06am
8:30amUSD
Non-Farm Employment Change

-95K
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Hero calls followed by margin calls...
  • #303,337
  • Oct 8, 2010 8:07am Oct 8, 2010 8:07am
Quoting SkyzerFX
I think this thing will keep manipulated (G7).. I mean it should go up,

not down, somebody playing with this, GOLD also retreat from previous

huge rise. Manipulation.

Uptrend line still intact so far.
no manipulation...... #302253
those who can, do. those who cant, talk about those who can
  • #303,338
  • Oct 8, 2010 8:08am Oct 8, 2010 8:08am
Quoting ukdaytrader
A strong Dollar is very much in China's interests.
I stand corrected...my error. The rest of the world wants a strong USD other than the FED
  • #303,339
  • Oct 8, 2010 8:08am Oct 8, 2010 8:08am
when everything calm down I think we will take again the way up
  • #303,340
  • Oct 8, 2010 8:08am Oct 8, 2010 8:08am
Quoting infinitus
Congrats to you. Nice weekend. Mine will be fine too.

Had in the uppush 33 Pips and in the downmove 121 pips.


What should I say: Aaaaaaaaaaaaaaaaah :-)

But the downmove is not a correction, it is a trend change, wave 3!!!
those who can, do. those who cant, talk about those who can
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