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  • #628,501
  • Apr 19, 2012 5:47am Apr 19, 2012 5:47am
Quoting KillerWhale
Hey my friend, what it "<3"?
spreading love =)
  • #628,502
  • Apr 19, 2012 5:48am Apr 19, 2012 5:48am
Quoting kelvinftg
Thanks for coming back to the forums Cloggie. You always provide so much useful explanations!

The US economy is consumer driven, the EU economy is services driven and the Asian economy is manufacturing driven. Those are generalisations, but they will keep you on the right side of a news driven event for most of the time.

The US needs more consumers to grow, getting people to work will facilitate that, that will result in an exuberance reflected in indices, that will increase the dollar supply, as cash is exchanged for other paper, that will increase the risk on and in turn EU will go up.

It is all about the flow of cash, you just need to judge which way the cash is flowing and hop on your little boat to join the ride.
  • #628,503
  • Apr 19, 2012 5:48am Apr 19, 2012 5:48am
Quoting cloggie
The US economy is on the mend and the markets will be looking for a trend. Just put a trend line on the numbers in a spreadsheet over the last year and you know what we are looking at. A good number will see SnP test 1394 again, that will reduce the supply of dollars and we will see a risk on trade materialising in EU and yes it could go up 100 pips if the number is decent. Always look at the detail of the report too, not just the headline number to judge if there is anything in there worth eyeballing.

If the number is crap, then watch the es...

Thank you so much Cloggie. Understood like half of it. Will re read 10 more times and see if I can understand it completely :-)

Cheers!
Poker is for kids, I play FOREX.
  • #628,504
  • Apr 19, 2012 5:48am Apr 19, 2012 5:48am
Quoting 853efx
no offense, just a hint: there's a book called TCP/IP published by o'reilly =)
No problem, thanks for the advice i ll try to look at it.
  • #628,505
  • Apr 19, 2012 5:49am Apr 19, 2012 5:49am
Quoting KillerWhale
Why?
because he is mocking people on here
When life gives you lemons, make lemonade
  • #628,506
  • Apr 19, 2012 5:49am Apr 19, 2012 5:49am
Quoting cloggie
The US economy is on the mend and the markets will be looking for a trend. Just put a trend line on the numbers in a spreadsheet over the last year and you know what we are looking at. A good number will see SnP test 1394 again, that will reduce the supply of dollars and we will see a risk on trade materialising in EU and yes it could go up 100 pips if the number is decent. Always look at the detail of the report too, not just the headline number to judge if there is anything in there worth eyeballing.

If the number is crap, then watch the es...
Great to have you back!
Thank you !
  • #628,507
  • Apr 19, 2012 5:51am Apr 19, 2012 5:51am
Quoting cloggie
The US economy is on the mend and the markets will be looking for a trend. Just put a trend line on the numbers in a spreadsheet over the last year and you know what we are looking at. A good number will see SnP test 1394 again, that will reduce the supply of dollars and we will see a risk on trade materialising in EU and yes it could go up 100 pips if the number is decent. Always look at the detail of the report too, not just the headline number to judge if there is anything in there worth eyeballing.

If the number is crap, then watch the es...



  • #628,508
  • Apr 19, 2012 5:52am Apr 19, 2012 5:52am
http://www.tradingeconomics.com/unit...mployment-rate

You can see a chart here for US unemployment
  • #628,509
  • Apr 19, 2012 5:53am Apr 19, 2012 5:53am
Quoting domtrip
Great to have you back!
Thank you !

News is charteable, not just as a reflection on the EU chart, or the es chart, but as a chart on its own. Put the last 5 years of data in an excel sheet, make a chart out of it (I run mine into MT4 out of SQL) and you have a tradeable event.

Don't just see unemployment/NFP/CPI/GDP's as standalone numbers, they are all part of a trend, identify the trend, see if it varies from the mean and you have a tradeable event. Then also watch the underlying report for any outliers and you are ready to trade the news.

Retailers that just trade the headline number on its own, are not newstraders, they are gamblers. Everything is correlated within itself. Trade the correlation.
  • #628,510
  • Apr 19, 2012 5:55am Apr 19, 2012 5:55am
Quoting forexchequer
http://www.tradingeconomics.com/unit...mployment-rate

You can see a chart here for US unemployment...

Pretty useless for analysis, but you are getting my drift at least.
  • #628,511
  • Apr 19, 2012 5:55am Apr 19, 2012 5:55am
Quoting Rockerzeus
No problem, thanks for the advice i ll try to look at it.
i read it twice - the first time i didn't understand much but read it only if u r into IT - enuff offtopics...lol
  • #628,512
  • Apr 19, 2012 5:57am Apr 19, 2012 5:57am
why everywhere we have to have people more saint than pope. I see no reason for protecting idiots giving money to strangers. As turmaz and hda are concerned, both have something interesting to say - i have been following their posts and they were mostly right. I cannot understand why they are suspended constatly.
  • #628,513
  • Apr 19, 2012 5:58am Apr 19, 2012 5:58am
Quoting TraderBoyFF
Good EARLY morning folks,

What a spike we had.... nothing but a fake out.

Consolidation late last night was telling though

I think a touch of the DPP of 1.3106 is definitely in the works today

Now approaching pivot of 1.3106

Learn to see what's there, not what you want to see.
  • #628,514
  • Apr 19, 2012 5:58am Apr 19, 2012 5:58am
all ladies at support swissy resistance, almost like pa is frozen in time 2min to hr close should give movement any second
If you are new to Forex? Say Goodbye to your account!!
  • #628,515
  • Apr 19, 2012 5:59am Apr 19, 2012 5:59am
btw the hint the charts give me on the next event is up - doesn't mean anything - just spotted some RSI divergence on M15 - keep ur money and ur (legal) daughters save
  • #628,516
  • Apr 19, 2012 6:00am Apr 19, 2012 6:00am
Better not sell yet if not already sold at 50, itching my back it be bought up to 35 on hourly close and then sell.

If closes above 50, there may be continuation upwards.
They think they are smarter than I am.
  • #628,517
  • Apr 19, 2012 6:01am Apr 19, 2012 6:01am
Quoting TraderBoyFF
Good trade...no GREAT trade....you deserve this
I was lucky
More on my Blog...
  • #628,518
  • Apr 19, 2012 6:04am Apr 19, 2012 6:04am
Closed my shorts I posted earlier.

BoA reporting now (good numbers), that will have an interim effect on es/DOW, and eu as a result. Evil speculators want to get into the action pre market here, that affects the dollar flow, and eu as a result.

Playing it safe, waiting for the next setup.
  • #628,519
  • Apr 19, 2012 6:05am Apr 19, 2012 6:05am
Quoting cloggie
News is charteable, not just as a reflection on the EU chart, or the es chart, but as a chart on its own. Put the last 5 years of data in an excel sheet, make a chart out of it (I run mine into MT4 out of SQL) and you have a tradeable event.

Don't just see unemployment/NFP/CPI/GDP's as standalone numbers, they are all part of a trend, identify the trend, see if it varies from the mean and you have a tradeable event. Then also watch the underlying report for any outliers and you are ready to trade the news.

Retailers that just trade the headline...
Hi cloggie,

can i put your statement as trace all the historical data of the FM news
and turn it into a chart manually?
Patient shall lead you to the best entry point
  • #628,520
  • Apr 19, 2012 6:06am Apr 19, 2012 6:06am
Quoting bryan9217
Hi cloggie,

can i put your statement as trace all the historical data of the FM news
and turn it into a chart manually?

Yup. Never look at a scheduled regular newsitem in isolation, look at it as a chart.
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