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  • #400,661
  • Mar 3, 2011 9:54pm Mar 3, 2011 9:54pm
Quote
Also, good can mean a lot of things, not everyone thinks my good is the "good" that everyone else is thinking of. So how do you interpret whats good or not?


"Good" is what the Big Money thinks it is. That is why it is so difficult to CONSISTENTLY be rewarded by the NFP. The Risk involved is huge because of the whip-saw and one never really knows what "good" is going to be. What you can do is to wait for the top / bottom to form and take it to the 50% fib. This seems to work more than not. As a rule I do not enter on the NFP however I will enter after the market settles on a direction later in the day. Many many times during the afternoon of the NFP the market will settle and move within a range going from lower to upper to lower BolliBands, Over and Over again on the Lower TF's (1/2/5 minute...my preference is the 2 minute).
  • #400,662
  • Mar 3, 2011 9:57pm Mar 3, 2011 9:57pm
Quoting pkimnyc
think you are in the wrong thread to ask fundies. there are few in this thread who thinks they trade fundies. my suggestion to you, have a deep pocket if you are thinking to trade fundies because even with 70-100 sl is not gonna cut it, imo.
Im a technical trader myself. Has been since 2008. But I increasingly realize that fundamentals really do help. Especially at times like these where we are at important support resistance points.

News can help push up or push down price. Having a bias really helps prepare you mentally when it actually happens. At least I can formulate a plan to trade. Don't want to be losing all my pips
  • #400,663
  • Mar 3, 2011 9:58pm Mar 3, 2011 9:58pm
just wait and trade after the dust settles...more often it will line up with technicals or a slip..i have my demand zones s.but it not in my plan to trade news..



good luck
Quoting thelws
Ok, so in my bid to learn more fundamentals,

Someone please explain to me NFP.

As I understand it, news leading to NFP has been good. So there is high likelyhood that tonight is going to be good for the USD.

However, last night trichet said some radical stuff about euro rate hikes.

So im confused at the moment. Assuming that NFP numbers turn out good as we all expect, are we going to see a 5min red candle on EU? Or does trichet's speech have more importance? I can't seem to understand.

Also, good can mean a lot of things, not everyone...
  • #400,664
  • Mar 3, 2011 9:59pm Mar 3, 2011 9:59pm
Quoting PipPipPip
i had the best trade tonight at mcdonalds. a women donated $20 to me.
And economist and a trader were walking down the street, and there, lying in front of them, was a $20 bill.

Without a second's hesitation, the trader lunges forward to grab it, at the same time a homeless man begging at the side of the street moves toward it as well. The trader steps on the homeless guy's hand, kicks him in the gut, and picks up the bill.

He returns to his friend the economist, who says, "I can't believe you just did that."

"Did what, whaddya mean?"

"Picked up that bill. It can't possibly be real, or someone would have already picked it up."
  • #400,665
  • Mar 3, 2011 10:00pm Mar 3, 2011 10:00pm
Quoting thelws
Im a technical trader myself. Has been since 2008. But I increasingly realize that fundamentals really do help. Especially at times like these where we are at important support resistance points.

News can help push up or push down price. Having a bias really helps prepare you mentally when it actually happens. At least I can formulate a plan to trade. Don't want to be losing all my pips
i usually skip days like tomorrow to enter a new position.
  • #400,666
  • Mar 3, 2011 10:00pm Mar 3, 2011 10:00pm
Quoting thelws
Ok, so in my bid to learn more fundamentals,

Someone please explain to me NFP.

As I understand it, news leading to NFP has been good. So there is high likelyhood that tonight is going to be good for the USD.

However, last night trichet said some radical stuff about euro rate hikes.

So im confused at the moment. Assuming that NFP numbers turn out good as we all expect, are we going to see a 5min red candle on EU? Or does trichet's speech have more importance? I can't seem to understand.

Also, good can mean a lot of things, not everyone thinks...
Just do the smartest thing you can possibly do.
Quit for this weeks trading and start Monday again.
Believe me, NFP trading and Friday trading in general is only for experienced traders. Go to www.babypips.com to find out more.

I have to get back to my lady so I'm not trading at all at the moment.

I'm done for the week and it was my second best week ever.

Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
  • #400,667
  • Mar 3, 2011 10:02pm Mar 3, 2011 10:02pm
Quoting thelws
Ok, so in my bid to learn more fundamentals,

Someone please explain to me NFP.

As I understand it, news leading to NFP has been good. So there is high likelyhood that tonight is going to be good for the USD.

However, last night trichet said some radical stuff about euro rate hikes.

So im confused at the moment. Assuming that NFP numbers turn out good as we all expect, are we going to see a 5min red candle on EU? Or does trichet's speech have more importance? I can't seem to understand.

Also, good can mean a lot of things, not everyone...
i am a technical trader myself, and i will have to say that fundamentals are uber important. hold there, you can't just trade on fundamentals, unless you have elephant testicles and humanly resources alone. however, you should not sway away from it completely. follow your techs, and lead/confirm your decisions with fundamentals

Quoting gatorinla
nfp is coming. ecb hinted they were gonna raise. if employment is better then expected that will be a usd hint. i don't know how it will come down. ill just wait for the smoke to clear. until then i risk 20 and maybe i move sl up... 3808 is reasonable.
i will say this.. my beer sales are up the last 2 weeks. by 4x.
i just know i am out of this trade until my hair is clean.

Quoting knuckledrag
Get enough gas to get to North Dakota. Jobs can be found.
north dakota is beautiful. I so wish, but i love the waves here in cali. we'll see..

Quoting Pipwanderer
dude the lady realized you having been making little or no pips...and your office is your van

happy pips and may it be green
i've been in my van for 3 years now... my van is actually where I sleep/live.... My office is at free wifi spots .... .... and yes, i waste my hard earned weekly pips on booze, breezeees, and burgers. well, 15% of it i have it in savings.
  • #400,668
  • Mar 3, 2011 10:04pm Mar 3, 2011 10:04pm
[b][b]My forecast for NFP

euro will dip sharply, BUY THIS DIP

target will be 3957 or 4018

I will look to buy around 3900 or 3887

Reason:
US will not talk about rates till June
ECB can begin as early as next month
UK will follow 1 month after ECB move.
enjoy NFP

try not to be caught on the shorts, try to buy as low as it can get, do not enter early.[/i][/i]
PunjabiSher







Do you identify with your statement? sorry I want assurance from you, because I want to profit from it. 2 months ago I suffered as a result of this NFP. due to my stupidity and greed.
  • #400,669
  • Mar 3, 2011 10:07pm Mar 3, 2011 10:07pm
Quoting OldQuant
And economist and a trader were walking down the street, and there, lying in front of them, was a $20 bill....
i take it that you are insulting me. i won't back talk. you will get your karma.
  • #400,670
  • Mar 3, 2011 10:14pm Mar 3, 2011 10:14pm
good morning....OQ thanks for the laugh right off the bat..
Look Sharp/Trade Tight
  • #400,671
  • Mar 3, 2011 10:15pm Mar 3, 2011 10:15pm
Quoting PipPipPip
north dakota is beautiful. I so wish, but i love the waves here in cali. we'll see..
i've been in my van for 3 years now... my van is actually where I sleep/live.... My office is at free wifi spots .... .... and yes, i waste my hard earned weekly pips on booze, breezeees, and burgers. well, 15% of it i have it in savings.
Very wise.
North Dakota is way too cold.
You waste your money on booze and burgers?
Why not a little bit on the ladies?
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New voice message: Why are you calling me? If I need you, I'll call you!
  • #400,672
  • Mar 3, 2011 10:16pm Mar 3, 2011 10:16pm
Quoting PunjabiSher
there is 1 more thing to this scenario

RSX 1hour, 4 hour, daily hates longs
Downloadad RSX - so how does it work?

What does RSX stand for, please?
  • #400,673
  • Mar 3, 2011 10:20pm Mar 3, 2011 10:20pm
Quoting KillerWhale
Very wise.
North Dakota is way too cold.
You waste your money on booze and burgers?
Why not a little bit on the ladies?
two or three is fun. if you go long, they take too much time and they cost more than booze and burgers.
  • #400,674
  • Mar 3, 2011 10:22pm Mar 3, 2011 10:22pm
Quoting KillerWhale
Very wise.
North Dakota is way too cold.
You waste your money on booze and burgers?
Why not a little bit on the ladies?
And yes I know the lady who owns those lips.
She's in San Diego and her name is Isis.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #400,675
  • Mar 3, 2011 10:24pm Mar 3, 2011 10:24pm
Quoting PipPipPip
two or three is fun. if you go long, they take too much time and they cost more than booze and burgers.


Check out this website www.mzdior.com
She's my best friend.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #400,676
  • Mar 3, 2011 10:24pm Mar 3, 2011 10:24pm
Torture PA.. Looking for 1.3920
Disclaimer: Check your 1m charts
  • #400,677
  • Mar 3, 2011 10:24pm Mar 3, 2011 10:24pm
Quoting KillerWhale
And yes I know the lady who owns those lips.
She's in San Diego and her name is Isis.
sooo, when are you free my brotha?

Quoting PayTheLimit
good morning....OQ thanks for the laugh right off the bat..
just because i am home-less, doesn't mean i am drugged up.
  • #400,678
  • Mar 3, 2011 10:25pm Mar 3, 2011 10:25pm
Quoting KillerWhale
And yes I know the lady who owns those lips.
She's in San Diego and her name is Isis.
Her name used to be Frank, and She still has an Adams Apple...

But happy the rest of the surgery went well...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #400,679
  • Mar 3, 2011 10:27pm Mar 3, 2011 10:27pm


Quoting Magix
Her name used to be Frank, and She still has an Adams Apple...

But happy the rest of the surgery went well...
Disclaimer: Check your 1m charts
  • #400,680
  • Mar 3, 2011 10:28pm Mar 3, 2011 10:28pm
Quoting KillerWhale


Check out this website www.mzdior.com
She's my best friend.
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