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  • #379,781
  • Feb 4, 2011 7:07am Feb 4, 2011 7:07am
I'll be watching 3659/70 and 3707/24 above the market. Down below I'll keep an eye out on 3552/87 and 3470/82. Good luck to all...PTL
Look Sharp/Trade Tight
  • #379,782
  • Feb 4, 2011 7:08am Feb 4, 2011 7:08am
lol price not moving anywhere since around 20 hours
Verily, in every difficulties there is relief
  • #379,783
  • Edited 7:13am Feb 4, 2011 7:08am | Edited 7:13am
Quoting Azinvg
Would like to hear some comments on this.

How to play nfp,

some people play or as some people say gamble nfp announcement. The majority would wait for 5-10 minutes to see whats going on, some would make pending orders on the range thats happens 8-12 before nfpa, if it goes down, then theyll sell, if it goes up, theyll buy.

Some would buy on the bottom of that range, and sell on the top of that range before nfp and put their sl 10-20 after that range (more safe and in its case, i like this one).

Some would just sit and relax, and wait for...
The BEST way to play it is to be out before the NEWS.

However I have had good success at times waiting two minutes before the NEWS is released as there is sometimes a strong effort to clear STOPS on both sides of the trade.

If I have strong conviction that the NFP will be below consensus then I might enter 2 minutes before as they clean out the longs and on the DIP, I buy.

PLEASE DO NOT TRY THIS NOW. It takes good experience to do that and I watched this pattern for at least 6 months before I ever traded it.

You have to ask yourself what happens if the number is below consensus and what happens if it is above.

What should EUR/USD do. There is always an over reaction so it can be good to trade the extremes.

Keep in mind the REVISION can be important. The actual UI rate can affect the information.

The CALL now is 140,000 to 155,000

The Range is 75,000 to 200,000

My Call a COMPLETE GUESS is 125,000 however 100,000 would not surprise me nor would 175,000 since these numbers are played with.

Bernake was negative yesterday on jobs so my educated guess is 100,000 and the market will not like it. If the Dow goes down with the numbers EUR/USD will go down in most cases. Wait for Option Expiry at 10:00 AM for things to settle down. Both ISM numbers were very good so the expectation is positive for a good number.

Observe how the market reacts to the news. Wait for the so called guessperts on CNBC to add their comments. They understand and their comments after the fact and they do influence the market. I listen LIVE to every word spoken on CNBC between 8:30 AM and 9:00 AM

What will the Dow do at 9:30 AM

Ask yourself ALL these questions and be ready.

I hope you find this information helpful.
  • #379,784
  • Feb 4, 2011 7:08am Feb 4, 2011 7:08am
Quoting primzvicious
lol price not moving anywhere since around 20 hours

you can tell by the tone of the thread....
  • #379,785
  • Feb 4, 2011 7:09am Feb 4, 2011 7:09am
Quoting primzvicious
lol price not moving anywhere since around 20 hours
it tell's u stay the fook away from me
  • #379,786
  • Feb 4, 2011 7:10am Feb 4, 2011 7:10am
http://img37.imageshack.us/img37/771...0204140813.png

Quoting T.E.Lawrence
So, here is our current situation:

Attachment
  • #379,787
  • Feb 4, 2011 7:12am Feb 4, 2011 7:12am
set up pending buy and sell....rdy for NFP ^^
Hero calls followed by margin calls...
  • #379,788
  • Feb 4, 2011 7:13am Feb 4, 2011 7:13am
Quoting kill56
lol he have a red card not yet a citizen
yup red card, 3 match ban, no fine tho phew

ps who supports Liverpool (scousers)??? hope Torres scores hat-trick for Chelsea haha!
  • #379,789
  • Feb 4, 2011 7:13am Feb 4, 2011 7:13am
USD Initial Jobless Claims:
===================
Actual Previous Date
415 454 29 Jan Good for Dollar
454 404 22 Jan Bad For Dollar
404 441 15 Jan Good For Dollar


Now i am Expecting better than last Month...

Means Euro/USD Down.

Lets see Whats Happend
Trade what you see, Not what you think.
  • #379,790
  • Feb 4, 2011 7:14am Feb 4, 2011 7:14am
Quoting PhAnTi'
set up pending buy and sell....rdy for NFP ^^
make sure u have a SL or
  • #379,791
  • Feb 4, 2011 7:15am Feb 4, 2011 7:15am
Quoting kill56
make sure u have a SL or
lol, no trade for me in the first 5 minutes
New voice message: Why are you calling me? If I need you, I'll call you!
  • #379,792
  • Feb 4, 2011 7:16am Feb 4, 2011 7:16am
Quoting kill56
make sure u have a SL or
sl 7 , trailing stop as low as possible ( = 15 ) . tp 100 ^^
Hero calls followed by margin calls...
  • #379,793
  • Feb 4, 2011 7:16am Feb 4, 2011 7:16am
Quoting PayTheLimit
I'll be watching 3659/70 and 3707/24 above the market. Down below I'll keep an eye out on 3552/87 and 3470/82. Good luck to all...PTL
PTL, what'cha think? Should I play the NFP?
  • #379,794
  • Feb 4, 2011 7:16am Feb 4, 2011 7:16am
c log gie w hats your expectation on eurusd, what do you expect it to do, or what direction do you see on the 1 hour and above charts ?
  • #379,795
  • Feb 4, 2011 7:17am Feb 4, 2011 7:17am
Quoting T.E.Lawrence
So, here is our current situation:

Attachment
Storm ahead...really a nice one
Markets can remain irrational longer than you can remain solvent.
  • #379,796
  • Feb 4, 2011 7:17am Feb 4, 2011 7:17am
Quoting Azinvg
Would like to hear some comments on this.

How to play nfp,

some people play or as some people say gamble nfp announcement. The majority would wait for 5-10 minutes to see whats going on, some would make pending orders on the range thats happens 8-12 before nfpa, if it goes down, then theyll sell, if it goes up, theyll buy.

Some would buy on the bottom of that range, and sell on the top of that range before nfp and put their sl 10-20 after that range (more safe and in its case, i like this one).

Some would just sit and relax, and wait for...
Best advice = DON'T.'PLAY'.NFP.EVER.
  • #379,797
  • Feb 4, 2011 7:17am Feb 4, 2011 7:17am
Quoting KillerWhale
lol, no trade for me in the first 5 minutes

Safe than Sorry
  • #379,798
  • Feb 4, 2011 7:17am Feb 4, 2011 7:17am
Quoting Robert99
I trade using fundamentals and I enter and exit using 15 minute, 5 minute and 1 minute.

I am looking for some feedback on the indicators I use on the Oanda platform (FX Game)

I use BB with EMA and SAR on top with MACD and RSI with Awesome Indicator.

Quoting Forexpro30
I use a one minute, 5 minute and 15 minute chart that I design myself.

On TOP I use Bollinger Bands, EMA and Parobolic Sar. I find SAR most useful and if you do not use it you should. With one of these charts I can have green on the bottom for SAR and red on the Top.

I then use MACD and RSI

I find Awesome Indicator with Oanda shows me a form of volume so I know if moves are made with strength.

And that's for calling me a wolf. I'd rather be a wolf than a sheep because you definitely can't pull the wool over my eyes.
Nothing worth having is easy.
  • #379,799
  • Feb 4, 2011 7:17am Feb 4, 2011 7:17am
PA is getting nervous
Hero calls followed by margin calls...
  • #379,800
  • Feb 4, 2011 7:18am Feb 4, 2011 7:18am
Quoting kill56
it tell's u stay the fook away from me
Quoting cloggie
you can tell by the tone of the thread....
so where will nfp bring us to?
713 or 462
Verily, in every difficulties there is relief
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