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  • #666,321
  • Jul 6, 2012 10:48am Jul 6, 2012 10:48am
Quoting Globetrotter
What i cant understand is what tristan just said. Bad data for US so why did euro go down and why has the dollar got stronger. Is this just typical freaky fri trading and a retrace mon im thinking
follow the market. the news dont matter. its how the market reacts to it.
those who can, do. those who cant, talk about those who can
  • #666,322
  • Jul 6, 2012 10:48am Jul 6, 2012 10:48am
not much excitement on nfp today wasnt here for the time. had pending short st 435 but didnt get there. was expecting higher move up before further down. but anyway another short triggered at 345 for 30 pips tp. maybe we can see another leg down, but market looks exausted. or we will se some profit taking later on
  • #666,323
  • Jul 6, 2012 10:49am Jul 6, 2012 10:49am
Quoting Myo
I just checked last months NFP. We had a "huge" miss, I suppose. Expected print: 150k, actual print: 69k. Now have a look at attached chart, I marked the corresponding 4h-candle with a red arrow: a strong rallye ensued. So whatīs going on here?

I believe if all else remains equal you are correct. Bad US = Good EUR... But ECB cut rates / predicting bad future etc etc - yesterday's news... US is also bad, therefore risk off (EUR investment = Risk on). That is not to say however that current situation will remain - expect a lot more volatility for future especially with so many countries bringing out bad news -> all risk off indications. The more interesting question is why is gold and silver down / unch?

Ps. This is just my thoughts and I don't claim to be all knowing
  • #666,324
  • Jul 6, 2012 10:50am Jul 6, 2012 10:50am
Quoting Myo
I just checked last months NFP. We had a "huge" miss (I suppose you could call it that). Expected print: 150k, actual print: 69k. Now have a look at attached chart, I marked the corresponding 4h-candle with a red arrow: a strong rallye ensued. So whatīs going on here?
my sentiments exactly. I was expecting some kind of retrace after ECB yesterday. But still more downside. This data surely should of gone in favour of the euro today
  • #666,325
  • Jul 6, 2012 10:53am Jul 6, 2012 10:53am
Quoting gatorinla
follow the market. the news dont matter. its how the market reacts to it.
Come on, donīt be a spoilsport!
  • #666,326
  • Jul 6, 2012 10:55am Jul 6, 2012 10:55am
Quoting gatorinla
follow the market. the news dont matter. its how the market reacts to it.
Thanx. I have learnt this 1 already. I know euro is up the creek without a paddle but NFP surely should of been bad for dollar and good for gold
  • #666,327
  • Jul 6, 2012 10:56am Jul 6, 2012 10:56am
Quoting KiNgEdwarD
bought,comon eu fuck me or fuck yourself,well i don't want to get fucked so closed on +2,will buy again,i will keep buying at different point till the end of the day
i bet you trippled your account by now
  • #666,328
  • Jul 6, 2012 10:59am Jul 6, 2012 10:59am
Come on!! 1.21 end the last wave of the supercycle
  • #666,329
  • Jul 6, 2012 11:02am Jul 6, 2012 11:02am
Quoting Globetrotter
my sentiments exactly. I was expecting some kind of retrace after ECB yesterday. But still more downside. This data surely should of gone in favour of the euro today
LOL. I already said time and time again not to bet on US figures on risk currency pairs or let US numbers affect your analysis because US figures will only confuse you.

But no one ever listens do they?

I had a nice run on USD/JPY on NFP numbers and that went exactly as planned.
  • #666,330
  • Jul 6, 2012 11:03am Jul 6, 2012 11:03am
where the hell did that just come from??
  • #666,331
  • Jul 6, 2012 11:03am Jul 6, 2012 11:03am
a lot of buyers waiting..patience is the key..i think on monday is the day
  • #666,332
  • Jul 6, 2012 11:07am Jul 6, 2012 11:07am
1,2260 major support be carefull
  • #666,333
  • Jul 6, 2012 11:07am Jul 6, 2012 11:07am
Quoting gatorinla
follow the market. the news dont matter. its how the market reacts to it.
Well said Gator. What do you make of the 1.2150 level. Looking for a solid buy there when (and if) we get there. 120 pips away...

Edit: It was shoulders of an inverted H&S in 2010
  • #666,334
  • Jul 6, 2012 11:07am Jul 6, 2012 11:07am
After the break, we can expect support around 1.2243
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 24 KB
Click to Enlarge Name: eurusd_d1.gif Size: 45 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #666,335
  • Jul 6, 2012 11:07am Jul 6, 2012 11:07am
Quoting gatorinla
#100304
i have a tp 2290 for shorts.. i have a long with tight stops at 2286 pending.. if it were not for atr i would have closed already being friday near e-close. #100304
tp hit with a 400+ pip gain since 2690.. s/o just now -8 on my pending long
we usualy bounce after a b/o like we just had breaking 2282.. i will wait and s the bounce if or when it comes.
those who can, do. those who cant, talk about those who can
  • #666,336
  • Jul 6, 2012 11:07am Jul 6, 2012 11:07am
Quoting diggo
All shorts closed. Waiting with a big long order at 1.2290

Looking for a nice bounce off the June 1 low
Bastards.. long stopped out -13

I'm out, see u guys next week
  • #666,337
  • Jul 6, 2012 11:07am Jul 6, 2012 11:07am
Quoting Esssex
LOL. I already said time and time again not to bet on US figures on risk currency pairs or let US numbers affect your analysis because US figures will only confuse you.

But no one ever listens do they?

I had a nice run on USD/JPY on NFP numbers and that went exactly as planned.
Thanx Esssex. I dont pay attention to the news at the best of times because it usually reverts bk to the trend or course that it was originally on. Just didnt expect it to trade the way it has been doing today though
  • #666,338
  • Jul 6, 2012 11:10am Jul 6, 2012 11:10am
Quoting diggo
Bastards.. long stopped out -13

I'm out, see u guys next week
don't rush in next time.
  • #666,339
  • Jul 6, 2012 11:11am Jul 6, 2012 11:11am
Quoting Afarensis
a lot of buyers waiting..patience is the key..i think on monday is the day
Are they still waiting? I think they've waited for 5 months now
  • #666,340
  • Jul 6, 2012 11:12am Jul 6, 2012 11:12am
Quoting Afarensis
a lot of buyers waiting..patience is the key..i think on monday is the day
you might be right. divergences all over the place.
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