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  • #454,701
  • Jun 3, 2011 8:05am Jun 3, 2011 8:05am
Quoting Il Pres
Trying to understand and learn something... could you please guys tell me why with such bad data we're going down? Lucky me as I'm short, but cannot get the point... thank you!
A change in mood does not need an exogenous factor. News are most of the time totally useless when it comes to trading. What you can observe is, that people tend to explain the news and the moves after the fact.

So one and the same situation is sometimes good for falling, next time for rising prices.

You can watch the news, it is at least funny. But trying to figure the direction of price out beforehand is most of the time useless.

We as traders should spent less time with prediction and more time with building scenarios what we will do when price goes in the one direction or the other. Cloggie says that you have to build several if-then scenarios.

So spent the time with watching PA......

Best to you,

Markus
  • #454,702
  • Jun 3, 2011 8:06am Jun 3, 2011 8:06am
Support level 1.4550 has reached. Look for next level, 1.4570?

Very bad NFP numbers. Euro is expected to reach next resistance.
Intraday only.
  • #454,703
  • Jun 3, 2011 8:06am Jun 3, 2011 8:06am
Quoting PayTheLimit
5min dustbin levels...
so far so good with the same levels as yesterday.
Attached Image (click to enlarge)
Click to Enlarge Name: eu_m5.gif Size: 22 KB
  • #454,704
  • Jun 3, 2011 8:06am Jun 3, 2011 8:06am
special thanks to Fibbin Kiwitrada and rattyo to stop my ithcy fingers...
so i m in green now..
Patience, Emotion Control and Discipline.
  • #454,705
  • Jun 3, 2011 8:07am Jun 3, 2011 8:07am
Quoting Leftie
What?!
No idea why the dip back in euro again.
No wonder, not many like to trade the News Releases.
Really whipsaw.
SL hunting. (I might be wrong).
  • #454,706
  • Jun 3, 2011 8:08am Jun 3, 2011 8:08am
Quoting Il Pres
Trying to understand and learn something... could you please guys tell me why with such bad data we're going down? Lucky me as I'm short, but cannot get the point... thank you!
I asked the same question couple of months ago, you will get the same answer. You don't have to care why market moves this or that way, FIND A PLAN TRADE YOUR PLAN.

It was eye opening to me, I hope it helps
  • #454,707
  • Jun 3, 2011 8:08am Jun 3, 2011 8:08am
Quoting kaushal4444
I don't know why...

but it still looks bullish to me......

compare 30 min chart of crude with 30min chart of Eur /Usd - then say again if you're still bullish...
  • #454,708
  • Jun 3, 2011 8:09am Jun 3, 2011 8:09am
camel balls for free today
  • #454,709
  • Jun 3, 2011 8:10am Jun 3, 2011 8:10am
Hold on to your pants.
  • #454,710
  • Jun 3, 2011 8:10am Jun 3, 2011 8:10am
Quoting kill56
keep a dam eye on es
Sooooooo nice
  • #454,711
  • Jun 3, 2011 8:10am Jun 3, 2011 8:10am
Quoting FXNorm
And yours is dumbshit
Hey kid cut it off and stop flooding the thread.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #454,712
  • Jun 3, 2011 8:10am Jun 3, 2011 8:10am
Quoting infinitus
A change in mood does not need an exogenous factor. News are most of the time totally useless when it comes to trading. What you can observe is, that people tend to explain the news and the moves after the fact.

So one and the same situation is sometimes good for falling, next time for rising prices.

You can watch the news, it is at least funny. But trying to figure the direction of price out beforehand is most of the time useless.

We as traders should spent less time with prediction and more time with building scenarios what we will do...
Much appreciated sir, thank you.
  • #454,713
  • Jun 3, 2011 8:10am Jun 3, 2011 8:10am
Quoting johnnyrei
compare 30 min chart of crude with 30min chart of Eur /Usd - then say again if you're still bullish...
If you've followed NFP before, you know to expect a counter to the news.

Expect it to rise, it already is.
  • #454,714
  • Jun 3, 2011 8:11am Jun 3, 2011 8:11am
now bulls turn angry bull s tooo arse chewed what a fecking job brokers win win win bastards
If you are new to Forex? Say Goodbye to your account!!
  • #454,715
  • Jun 3, 2011 8:13am Jun 3, 2011 8:13am
Quoting AllyB
so far so good with the same levels as yesterday.
I like a wider dustbin....
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 12 KB
Look Sharp/Trade Tight
  • #454,716
  • Jun 3, 2011 8:13am Jun 3, 2011 8:13am
Bought the retracement at 4485 - sold half for 50 pips and holding the rest for 4650 - the hold of 4450 was important
Andy
  • #454,717
  • Jun 3, 2011 8:14am Jun 3, 2011 8:14am
Quoting kill56
keep a dam eye on es
kill, check last Wednesday low in the ES thats the only number to watch in my books.... a weekly close below will open Pandora's box, a fade is 100% tradable intraday if you are in the mood for some adrenaline.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #454,718
  • Jun 3, 2011 8:14am Jun 3, 2011 8:14am
Got stopped out of my shorts with SL- reloaded shorts at better price :
Attached Image (click to enlarge)
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  • #454,719
  • Jun 3, 2011 8:14am Jun 3, 2011 8:14am
can't remember who called this dbl fake ahead of time, but well done, and can i borrow your crystal ball?
  • #454,720
  • Jun 3, 2011 8:15am Jun 3, 2011 8:15am
Quoting Clanos
If you've followed NFP before, you know to expect a counter to the news.

Expect it to rise, it already is.
Lesson learned - thanks
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