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  • #591,221
  • Feb 2, 2012 3:27pm Feb 2, 2012 3:27pm
Quoting spillini
If we get 230K or better and unemployment stays around 8.5% sell this pair.

90K or lower and we bump to 8.7% I will be a buyer.
You will never know how it reacts before the fact. It can be exactly the opposite.

The way I trade NFP is this:
If I am in a trade, I will let the trade go. NFP will not reverse the trend.
If I am not in a trade, I stay out during NFP and if reaction is strong I will fade the top or bottom if I see the chance.
Nothing extremely risky and not trying to make the big bucks here.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #591,222
  • Feb 2, 2012 3:30pm Feb 2, 2012 3:30pm
Quoting KillerWhale
You will never know how it reacts before the fact. It can be exactly the opposite.

The way I trade NFP is this:
If I am in a trade, I will let the trade go. NFP will not reverse the trend.
If I am not in a trade, I stay out during NFP and if reaction is strong I will fade the top or bottom if I see the chance.
Nothing extremely risky and not trying to make the big bucks here.
You could play as well 8hr range extremes there. Not that risky either.
They think they are smarter than I am.
  • #591,223
  • Feb 2, 2012 3:46pm Feb 2, 2012 3:46pm
I never trade the knee jerk. I dont enter until 1 hour after release.

Quoting KillerWhale
You will never know how it reacts before the fact. It can be exactly the opposite.

The way I trade NFP is this:
If I am in a trade, I will let the trade go. NFP will not reverse the trend.
If I am not in a trade, I stay out during NFP and if reaction is strong I will fade the top or bottom if I see the chance.
Nothing extremely risky and not trying to make the big bucks here.
Please do not vouch for me.
  • #591,224
  • Feb 2, 2012 3:48pm Feb 2, 2012 3:48pm
...is whats got me going....EUR chart is saying down but the Tandem Trade says up!

2.825292.80591
2.831622.81865
2.827912.79697
2.820992.79752
2.828422.7859
2.80372.7899
2.820862.79561
2.830782.8059
2.846242.8253
2.856192.83379
2.86532.83894
2.86872.84835
2.879632.84639
2.891572.87362
2.897192.87166
2.8962.87282
2.900782.87381
2.909792.87301
2.905282.88798
  • #591,225
  • Feb 2, 2012 3:49pm Feb 2, 2012 3:49pm
Quoting spillini
I never trade the knee jerk. I dont enter until 1 hour after release.
we don't need to know about your sex life !!!

It takes a lot for me to IGNORE you, but you can try.
  • #591,226
  • Feb 2, 2012 4:34pm Feb 2, 2012 4:34pm
Quoting kuroro001
I've tried this stategy before with eurusd, it was an ultimate failure!
There is the same kind of "gap" at 1,3950 and 1,3600....if you can afford a 1300 pips drawdown , go for it

At the beginning you will get money...but you'll lose everything at the end.
I testing it short time, it isn´t my normal strategy. I note this corelation between USDX and EUR/USD. And I wrote the biggest problem on this strategy is that i don´t know when it goes back to fill this gap. It can be minutes, hours but also days. So far, I've always noticed that it went back the next day, but I testing very short time to conclusions.
Have you someone experiences with it?
  • #591,227
  • Feb 2, 2012 5:07pm Feb 2, 2012 5:07pm
for me, its screaming "buy me" but that's for me... not sure whats for you
When life gives you lemons, make lemonade
  • #591,228
  • Feb 2, 2012 5:10pm Feb 2, 2012 5:10pm
Quoting Henryk
For better imagine I create screen with demonstration. Sorry for quality of drawing. :-) On the first picture is gap on USDX and his fill later. On the second picture is pair EUR/USD and 3 rectangles with numbers. 1. the situation in moment when was create gap on USDX. 2. the EUR/USD go next and on USDX the gap isn´t fill. 3. the USDX go fill this gap and EUR/USD react on this return. On this situation we can earn 18 pips. Important: in this strategy is problem with the finding this moment, when the USDX decides fill this forgotten gap and this...
Thank You Henryk for your charts...
Yeah...seems to be difficult to follow the price on 1M chart, unless you want to be glued to yr screen whole day long.
Just wondering how your strategy works in a longer period of time.
You know, testing, testing, testing....
I've been with forex for quite a long time and learnt that some ideas work only for a week or two and then they become all useless.
The only stuff that works with me are simplest things like price action, support&resistance and fibonacci...
Keep testing and thanks for sharing yr ideas
Read Charts - Not Papers
  • #591,229
  • Feb 2, 2012 5:13pm Feb 2, 2012 5:13pm
Quoting Henryk
I testing it short time, it isn´t my normal strategy. I note this corelation between USDX and EUR/USD.(...)
There will always be a strict correlation between EURUSD and USDX as USDX is nothing else then a US dollar (index) against a "basket" of 5 or six other curriencies, including EUR...
Read Charts - Not Papers
  • #591,230
  • Feb 2, 2012 5:17pm Feb 2, 2012 5:17pm
I'm done with my indecision.

After todays closing numbers.

All in on the long side with nothing but a mental Stop Loss!

Watch it blow my account overnite....

LoL!

I'm liking that Morning Star close today too!
  • #591,231
  • Feb 2, 2012 5:57pm Feb 2, 2012 5:57pm
View on euro...nfp data need to watch very closely
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Bismillah
  • #591,232
  • Feb 2, 2012 7:13pm Feb 2, 2012 7:13pm
So I close a short and the drop begins immediately. This is just ..

BASTARD, BASTARDER...BASTERDEST !! THIS IS JUST BASTARDLY !!!
  • #591,233
  • Feb 2, 2012 7:42pm Feb 2, 2012 7:42pm
Quoting Mr.MaginCole
So I close a short and the drop begins immediately. This is just ..

BASTARD, BASTARDER...BASTERDEST !! THIS IS JUST BASTARDLY !!!
so many of them must have taken the same step like yours....
  • #591,234
  • Feb 2, 2012 7:59pm Feb 2, 2012 7:59pm
China HSBC Services PMI data at 13:30 AEST (due in 30 mins) FF don't have it.
Mohan
  • #591,235
  • Feb 2, 2012 8:06pm Feb 2, 2012 8:06pm
I think and read down, but something bug talk me, up, up, upˇˇˇˇ
  • #591,236
  • Feb 2, 2012 8:54pm Feb 2, 2012 8:54pm
Quoting mohan76
China HSBC Services PMI data at 13:30 AEST (due in 30 mins) FF don't have it.

So how did this go?? Still cant find any info anywhere. Plus rate its importance if you can mate. Thanks
  • #591,237
  • Feb 2, 2012 8:56pm Feb 2, 2012 8:56pm
hi
Attached Image (click to enlarge)
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  • #591,238
  • Feb 2, 2012 9:06pm Feb 2, 2012 9:06pm
Quoting Mr.MaginCole
So how did this go?? Still cant find any info anywhere. Plus rate its importance if you can mate. Thanks

these are low impact news data
CNY Industrial Profits YTD (YoY) (DEC)25.4% (cur)-24.4% (last read)
CNY China HSBC Services PMI (JAN) 52.5 (cur)- 52.5 (last read)
CHINA DEC. INDUSTRIAL COMPANIES' PROFIT RISES 31.5% Y/Y
Mohan
  • #591,239
  • Feb 2, 2012 9:16pm Feb 2, 2012 9:16pm
asia on break?

who big up next?
  • #591,240
  • Feb 2, 2012 9:21pm Feb 2, 2012 9:21pm
Quoting rustyram
I am painfully holding my euro shorts from 1.3200.
I had SL at 1.3230 yesterday, since it tried to take out 1.3200 so many times and failed, i think i am safe to move my SL to BE.

Target 1.3010

This is what i see in the 15 min charts.
There is small wave develop inside big wave , looks like both waves points to
1.3000
PPP - Patience Pays PIPS
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