bit scared to short due to pre data move let wait and see
Mohan 
- #511,861
- Aug 5, 2011 7:42am Aug 5, 2011 7:42am
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan
- #511,863
- Aug 5, 2011 7:44am Aug 5, 2011 7:44am
- | Joined May 2010 | Status: Trader | 1,078 Posts
I wouldn't be shorting right now. I can see this thing going to at least 1.4300
It probably wouldn't get there today, but early next week isn't out of the realm of possibilities. We're still in a downward channel that is either going to result in a big bull flag or a complete break-down. Regardless, it doesn't seem like we're ready for another big leg down yet.
I've bot some GBP/USD longs from 1.6250, but that's it for now. Good luck all and have a good weekend.
It is after you 
Once scalper always scalper 
- #511,865
- Aug 5, 2011 7:45am Aug 5, 2011 7:45am
- | Joined Jun 2011 | Status: You can if you think you can | 2,969 Posts
Trade What You See Not What You Want To See
- #511,868
- Aug 5, 2011 7:45am Aug 5, 2011 7:45am
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan
- #511,869
- Aug 5, 2011 7:45am Aug 5, 2011 7:45am
- | Joined May 2010 | Status: Trader | 1,078 Posts
It's better jobs data but still not good enough to pull US out of recession into growth. They need more jobs just to keep flat.
Once scalper always scalper
- #511,870
- Aug 5, 2011 7:45am Aug 5, 2011 7:45am
- | Joined Jun 2011 | Status: You can if you think you can | 2,969 Posts
Trade What You See Not What You Want To See
- #511,874
- Aug 5, 2011 7:46am Aug 5, 2011 7:46am
- Joined Apr 2011 | Status: Hiroshima and Nagasaki | 8,060 Posts
looking for investors . pm me
- #511,875
- Aug 5, 2011 7:46am Aug 5, 2011 7:46am
- Joined Sep 2007 | Status: Trader | 6,871 Posts
Only stupid trader not take easy money
I don't scalp, buddy. If I'm not going for 100+ pips, I'm not in a trade.
check out my blog: forexmademillionaire dot com
- #511,876
- Aug 5, 2011 7:46am Aug 5, 2011 7:46am
IMO, NFP will come a bit better than expected and U. rate flat. The move will be up and down.
Technicaly, weekly and daily charts look bearish. H4 and hourly look bullish.
The one thing that makes me think that in the end it might go down is the Japanese intervention. Why the hell would they make their intervention one day before the release of NFP? They could have talked with USA or someone and they might know already that is going to be better than expected. Dollar would rise against all currencies and they would celebrate their successful...
I don't like to brag, but I guess I was right - up and down
- #511,877
- Aug 5, 2011 7:47am Aug 5, 2011 7:47am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #511,879
- Aug 5, 2011 7:48am Aug 5, 2011 7:48am
- | Membership Revoked | Joined Aug 2010 | 1,300 Posts
They need more jobs just to keep flat.
On the bright side it is a step in the right direction, albeit nothing spectacular to be sure.
The increase Avg. Hourly Earnings was encouraging as well. Last months numbers were revised upward as well. Pay attention to those revisions!!!!!
Now we need to see about 4-5 months of improvement, not just a one month fairly small blip.
- #511,880
- Aug 5, 2011 7:48am Aug 5, 2011 7:48am
- | Joined May 2010 | Status: Trader | 1,078 Posts
damn oanda got disconnected and i can't even log back in now ......zzzzzzzz .. what a farce broker ..
Short short short
Once scalper always scalper