There are huge buying orders clogging up prior to NFP data release which is expected to be dismal. To traders who have shorted the pair, please take note and set your stop loss accordingly.
Cheers!
Cheers!
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NFP nice bump up on EURUSD 2 replies
DislikedThat's the only thing in town today. A number outside the range could well see 200 pip whipsaws, a number within the range but outside of expectation could see 100 or so. If you have never traded NFP before, I suggest you just stay out, watch and enjoy.Ignored
DislikedADP was better than expected. NFP does not always follow ADP but it usually does.
a nice green NFP number will drop E/U and the chance for a long fade will follow. if it prints red just the opposite may ensue.
hey, its forex though, anything can happen. look at the sneaky ecb play yesterday.Ignored
DislikedThere are huge buying orders clogging up prior to NFP data release which is expected to be dismal. To traders who have shorted the pair, please take note and set your stop loss accordingly.
Cheers!Ignored
DislikedYou always have to look at what THEY do BEFORE the news. What usually happens, this case for example, is they drove it up as much as they could in order to drop it from the highest point possible (THEY already know what the NFP numbers will be). It doesn't happen all the time, but it's something to pay attention to.
It seems the NFP will be better than expected.
edit: I only glanced, I believe the futures are only slightly up.Ignored
Dislikedhttp://www.forexfactory.com/showpost...postcount=3674
TLC has same view as you...
Mine is a little different, i posted mine also in this thread.Ignored
DislikedYesterday before ECB, all bulls posters got killed and nobody called (in the thread AND BEFORE THE FACT) such a big pullback....Ignored
DislikedYesterday before ECB, all bulls posters got killed and nobody called (in the thread AND BEFORE THE FACT) such a big pullback....Ignored
DislikedIs that the normal PA for bad NFP numbers? I would expect US equities to move down and EUR go down as it would be a risk off situation.
I am thinking that the NFP will be better than expected and the end result will be EUR going up.
How has the EUR reacted to NFP in the past? I haven't followed this before.Ignored
DislikedThat's the only thing in town today. A number outside the range could well see 200 pip whipsaws, a number within the range but outside of expectation could see 100 or so. If you have never traded NFP before, I suggest you just stay out, watch and enjoy.Ignored
DislikedIf NFP exceed expectation, then it will be good for EU. Basically, bad data from US always bad for EU. Not sure what will happened this time.Ignored
DislikedCloggie,
I am a silent admirer as a junior member I am not sure if this post gets recorded on time for an answer... How bad of an idea is it to set up 2 pending orders... one if it breaks up and one if it breaks down the range i.e. 1.3300 and 1.2970... once one of the two is triggered the other can not... i guess the question is: what are the chances of price going 30pips in one direction only to end up 100-200pips in the other direction?!!
apologies in advance should my thinking is silly! I am a rookie and I can get away with thingsIgnored
DislikedYesterday before ECB, all bulls posters got killed and nobody called (in the thread AND BEFORE THE FACT) such a big pullback....Ignored
DislikedThat is not the way to trade the news, your broker could see spreads approaching your stops easily and both orders could get triggered and stopped at the same time. Trade the news fundamentally with an eye on equities for risk aversion/appetite, ignore the first fake, which could easily trigger one of your orders only to get stopped out on the retrace with spreads costing you dearly and trade the direction of the resultant risk after the initial fakeout.
Recognising either is not for the fainthearted and not something you should trade if you haven't...Ignored
DislikedThat is not the way to trade the news, your broker could see spreads approaching your stops easily and both orders could get triggered and stopped at the same time. Trade the news fundamentally with an eye on equities for risk aversion/appetite, ignore the first fake, which could easily trigger one of your orders only to get stopped out on the retrace with spreads costing you dearly and trade the direction of the resultant risk after the initial fakeout.
Recognising either is not for the fainthearted and not something you should trade if you haven't...Ignored
DislikedInteresting...i share the same view as Hatch...chart posted this morning.
And as usual you will see people making 100 pips if the pair moves 50 pips...classic.
And i can bet they will be in the right way
It will be fun....45mn to go!Ignored