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  • #689,321
  • Sep 7, 2012 7:25am Sep 7, 2012 7:25am
Quoting mohan76
it was due to rumor "SNB lifting floor"
oh i didnt hear that rumor... thanks
Be hopeful in a winning position, and fearful in a losing position.
  • #689,322
  • Sep 7, 2012 7:26am Sep 7, 2012 7:26am
Quoting Sonofsin5
This is no time to "scalp" which isnt a good idea in any market to begin with.
Scalping is the #1 most reliable (and quick) way to make money so long as it's during a quiet, pattern-based market.

It's unexpected (and unwanted) news releases that screw it up with nonsensical, chaotic movements.
  • #689,323
  • Sep 7, 2012 7:26am Sep 7, 2012 7:26am
  • #689,324
  • Sep 7, 2012 7:26am Sep 7, 2012 7:26am
Quoting KiwiTrada
dont be afraid it, just sit on sidelines watch the circus, wait dust settle, then back to business, is cheaper and just as exciting

most retailers who is try gamble will lose, of course everyone here will be big winners
LOL.
"Men who can both be right and sit tight are uncommon."
  • #689,325
  • Sep 7, 2012 7:26am Sep 7, 2012 7:26am
When is NFP? I cannot seem to find the release time
  • #689,326
  • Sep 7, 2012 7:26am Sep 7, 2012 7:26am
Quoting Sonofsin5
Stops all at BE.
NFP coming up, most likely the market will zig zag after the release gunning for weak stops close to smaller time-frame stops on both sides of the market. If you have a position don't get shaken out early. This is no time to "scalp" which isnt a good idea in any market to begin with.
Yup.

Eurgbp may have found top, it will likely move a bit upside first swing but will be capped.

Gbpusd does the work swinging from low to high and then down.

Thats why profit taking.
They think they are smarter than I am.
  • #689,327
  • Sep 7, 2012 7:27am Sep 7, 2012 7:27am
Quoting kibescorp
It's annoying that Canada always releases their pointless data that no one cares about at the same time.

It's distracting.
agreed
Be hopeful in a winning position, and fearful in a losing position.
  • #689,328
  • Sep 7, 2012 7:28am Sep 7, 2012 7:28am
Bad NFP numbers, EUR go up. Good NFP numbers, EUR go up.
  • #689,329
  • Sep 7, 2012 7:31am Sep 7, 2012 7:31am
Quoting Sonofsin5
Stops all at BE.
NFP coming up, most likely the market will zig zag after the release gunning for weak stops close to smaller time-frame stops on both sides of the market. If you have a position don't get shaken out early. This is no time to "scalp" which isnt a good idea in any market to begin with.
I agree it isnt a good idea to scalp NFP, slippage too high and too many stop hunts

Dont agree that scalping is not a good idea in any market.
Be hopeful in a winning position, and fearful in a losing position.
  • #689,330
  • Sep 7, 2012 7:34am Sep 7, 2012 7:34am
Quoting Z3iz3i
Yup.

Eurgbp may have found top, it will likely move a bit upside first swing but will be capped.

Gbpusd does the work swinging from low to high and then down.

Thats why profit taking.
Daddy explains
They think they are smarter than I am.
  • #689,331
  • Sep 7, 2012 7:34am Sep 7, 2012 7:34am
Inconsistent NFEC and rate numbers.

Took my initial USD/JPY profit, now I'm done with this. It's going to be chaotic and unpredictable the rest of the day, and probably mostly flat.

Wouldn't touch EUR/USD today with a 10-foot pole.
  • #689,332
  • Sep 7, 2012 7:36am Sep 7, 2012 7:36am
Quoting kibescorp
Scalping is the #1 most reliable (and quick) way to make money so long as it's during a quiet, pattern-based market.

It's unexpected (and unwanted) news releases that screw it up with nonsensical, chaotic movements.
New releases are what drives the market and creates sentiment leading to trends.

You will never find (since their our none) a trader making enough money to support himself "scalping". You will lose your account. They dont exist.
  • #689,333
  • Sep 7, 2012 7:37am Sep 7, 2012 7:37am
Watching EurUsd from the sides. My pending orders got activated, let's see what's gonna happen.
There is nothing in the Universe but mathematical points of force.
  • #689,334
  • Sep 7, 2012 7:38am Sep 7, 2012 7:38am
QE3 is now inevitable.
Thats will be the headline for the rest of the day.
  • #689,335
  • Sep 7, 2012 7:39am Sep 7, 2012 7:39am
Quoting Sonofsin5
You will never find (since their our none) a trader making enough money to support himself "scalping". You will lose your account. They dont exist.
Scalping ranges with large position sizes is far more reliable and far easier than trying to guess where the market is headed next, especially this pair.

And you won't "lose your account" scalping a range unless you fail to use a SL. In which case, you would deserve it.
  • #689,336
  • Sep 7, 2012 7:41am Sep 7, 2012 7:41am
Quoting Sonofsin5
New releases are what drives the market and creates sentiment leading to trends.

You will never find (since their our none) a trader making enough money to support himself "scalping". You will lose your account. They dont exist.
With respect.
Just because you can't scalp doesn't mean
someone else can't,there are so many ways to make
money in the market.
You can remain irrational longer than you can remain solvent.
  • #689,337
  • Sep 7, 2012 7:42am Sep 7, 2012 7:42am
I thought yesterday being a nice day for bulls, and tomorrow being NFP we should see some pullback and quite period, but EUR keeps defying all odds....

I was stopped out of my short.... Now since the EUR has reach 4H wave 5 at 1.2730, i am entered short here at 1.2730 , SL - 1.2800, TP - Open may be at 1.2330

Good luck everybody....
PPP - Patience Pays PIPS
  • #689,338
  • Sep 7, 2012 7:43am Sep 7, 2012 7:43am
This is all so stupid lol
  • #689,339
  • Sep 7, 2012 7:43am Sep 7, 2012 7:43am
Quoting Vachus
A nice USA opening + NFP negative + London Closing = 1.27950 /1.28000
The third part is now up to him to finish it tonight and drive us to 1.27950
"It's the Margin, Stupid."
  • #689,340
  • Sep 7, 2012 7:43am Sep 7, 2012 7:43am
EUR/USD going up, USD/JPY going down, dollar taking a beating.

I would expect the ridiculous unemployment rate to limit this move. Because a 0.2% change for the better on a worse-than-expected NFEC number smells like bullshit.
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