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  • #662,801
  • Jun 28, 2012 6:54am Jun 28, 2012 6:54am
Quoting Esssex
This scenario has been played out so many times, that I think the only things that actually react to these news are not human traders but algos.
Can algos even trade off of news? Wouldn't they need humans to create the price action to trigger buys or sells?
  • #662,802
  • Jun 28, 2012 6:56am Jun 28, 2012 6:56am
Quoting pip_trader
Can algos even trade off of news? Wouldn't they need humans to create the price action to trigger buys or sells?
Algos can do whatever you asked them to do...even reacts on BS news.
COT: The precious data ignored
  • #662,803
  • Jun 28, 2012 6:56am Jun 28, 2012 6:56am
Not a good time for trade..
  • #662,804
  • Jun 28, 2012 6:56am Jun 28, 2012 6:56am
Quoting Azeriboy
Where do you watch the speech?
Dear Azeriboy,

IMHO it distract more than help...

Best regards,
Pico.
  • #662,805
  • Jun 28, 2012 6:58am Jun 28, 2012 6:58am
Quoting kuroro001
Algos can do whatever you asked them to do...even reacts on BS news.
Damn right they do.

They are scripted programs and can be programmed to react to just about anything not just limited to price action or technicals.

Hell they could even react to Merkel gets laid by Bernanke if you wanted them to.
  • #662,806
  • Jun 28, 2012 7:00am Jun 28, 2012 7:00am
Quoting Esssex
...... Merkel gets laid by Bernanke if you wanted them to.

Oh God... spare me the visuals
  • #662,807
  • Jun 28, 2012 7:10am Jun 28, 2012 7:10am
Shooting star on H1.. Will go down probably ..
  • #662,808
  • Jun 28, 2012 7:11am Jun 28, 2012 7:11am
Quoting Azeriboy
Shooting star on H1.. Will go down probably ..
Or they just want you to short...

Best regards,
Pico.
  • #662,809
  • Jun 28, 2012 7:13am Jun 28, 2012 7:13am
what do u think is gonna happen after the eu summit?
  • #662,810
  • Jun 28, 2012 7:13am Jun 28, 2012 7:13am
Quoting Azeriboy
Shooting star on H1.. Will go down probably ..
Not a valid shooting star unless it is at the top of an uptrend. Now maybe an inverted hammer, but with all of the negative news out, would be skeptic of acting on the retrace. In addition, GDP numbers could possibly spike it to that level.
All that is left in FF is just plain garbage. "Cloggie"
  • #662,811
  • Jun 28, 2012 7:16am Jun 28, 2012 7:16am
Quoting Crassius
Oh God... spare me the visuals
Oh..You would like that don't you?

Just kidding.

Making a speculative play on the UJ on better unemployment figures. Maybe Bernanke and Shirakawa buttsecks?
  • #662,812
  • Jun 28, 2012 7:16am Jun 28, 2012 7:16am
best bull trap ever...
It is possible to make large sums trading, small losses, large wins
  • #662,813
  • Jun 28, 2012 7:18am Jun 28, 2012 7:18am
Quoting undertaker66
what do u think is gonna happen after the eu summit?
short coverage and trading range between 1.2550 and 1.2700 for a while
  • #662,814
  • Jun 28, 2012 7:19am Jun 28, 2012 7:19am
Why US Unemployment Numbers May Suck --

One of the brightest spots of econ activity in the US is the Oil and Gas industry despite Obama's best efforts to kill it --

With a global slow down in progress energy has fallen -- oil now trading around and below $80 per barrel... as energy prices fall it becomes less and less feasible to extract the energy, leading to layoffs in one of the few sectors that has been hiring --

US weekly Unemployment claims in 12 minutes -- NFP next week...

If this doesn't show up this month... look for it --- its coming --- NFP above 400,000 next week or the month after --
  • #662,815
  • Jun 28, 2012 7:21am Jun 28, 2012 7:21am
what the heck was that pull back up?
  • #662,816
  • Jun 28, 2012 7:22am Jun 28, 2012 7:22am
Quoting undertaker66
what the heck was that pull back up?
Short covering in preparation for US numbers.
  • #662,817
  • Jun 28, 2012 7:22am Jun 28, 2012 7:22am
Long @ 1.27771, SL 1.2741, no TP.
Attached Image (click to enlarge)
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"Men who can both be right and sit tight are uncommon."
  • #662,818
  • Jun 28, 2012 7:23am Jun 28, 2012 7:23am
Quoting Esssex
Short covering in preparation for US numbers.
are u bearish?
  • #662,819
  • Jun 28, 2012 7:25am Jun 28, 2012 7:25am
Clear rejection at daily S2 (which we rarely breach). Planning to buy at 385, targeting ~470 (tomorrow).


Edit: Alright now
  • #662,820
  • Jun 28, 2012 7:25am Jun 28, 2012 7:25am
Quoting Crassius
Why US Unemployment Numbers May Suck --

One of the brightest spots of econ activity in the US is the Oil and Gas industry despite Obama's best efforts to kill it --

With a global slow down in progress energy has fallen -- oil now trading around and below $80 per barrel... as energy prices fall it becomes less and less feasible to extract the energy, leading to layoffs in one of the few sectors that has been hiring --

US weekly Unemployment claims in 12 minutes -- NFP next week...

If this doesn't show up this month... look for it ---...
May be true, but the auto industry is booming. Here in Michigan they have cut the week shut down that they normally have every year because of high product demand. And that is covering everything from Detroit (manufacters) to Kalamazoo (parts suppliers) my city (Battle Creek) has been on mandatory overtime since January!
All that is left in FF is just plain garbage. "Cloggie"
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