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EURUSD

  • #689,361
  • Sep 7, 2012 7:59am Sep 7, 2012 7:59am
Quoting pip_trader
What it most likely means is that people stopped looking for work. The rate is deceptive because it only include those actively seeking for work.
Yes, that's a good point.

But a 0.2% change hasn't happened since February.

And 95K really isn't that much less than the predicted number (I was hoping for a difference of 50K or more to continue trading this).

ADP is often times way off, so you can't go by that to begin with.

USD/JPY movement is way exaggerated, but I was hoping for a drop.

In short, we've seen FAR worse and FAR better numbers than this.
  • #689,362
  • Sep 7, 2012 8:01am Sep 7, 2012 8:01am
Quoting coolhand
you are exactly right. But that means the numbers are worthless if you DO NOT count those that stopped looking for work. They are still unemployed.

Most estimates are the REAL ue rate is in the 11-12% range.
Yes. That is the interesting thing with statistics. You can make it say what you like. I read that the real US unemployment (unemployed + underemployed) is close to 16 percent.

On the other hand this QE shit is irritating. The US and Europe does not need cheap money. They need sound fiscal/monetary policy. They same twats that got us into this situation are the same that sit on their hands and do nothing.
  • #689,363
  • Sep 7, 2012 8:01am Sep 7, 2012 8:01am
moving to a region of 12980 and still has force, this will be the greatest movement in recent history
The fragrance remains in the hands of those that gves the rose
  • #689,364
  • Sep 7, 2012 8:01am Sep 7, 2012 8:01am
Quoting almo
Hey Mike! Welcome back.
LOL, I never went anywhere, I just could not express myself..
"Men who can both be right and sit tight are uncommon."
  • #689,365
  • Sep 7, 2012 8:04am Sep 7, 2012 8:04am
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.
Stop acting so superior and like you know everything.

They don't exist. Sure they do.

I would go as far to say as the best traders in the world would not be as good if they didn't have scalping in their arsenal. There are assets and currencies that you buy and hold (because they have heavy trend and little intraday volume and volatility) and then there is the Euro/Dollar
Be hopeful in a winning position, and fearful in a losing position.
  • #689,366
  • Sep 7, 2012 8:04am Sep 7, 2012 8:04am
Nice 270 pip move up over the past two days.
  • #689,367
  • Sep 7, 2012 8:04am Sep 7, 2012 8:04am
Quoting rsmith911
Attachment
My target for wave 3 reached now. It might go a bit higher to the 161% level at 1.28 but I'll be looking to short down to at around 1.272 in a bit.
  • #689,368
  • Sep 7, 2012 8:05am Sep 7, 2012 8:05am
afternoon

short EU 1.2763 and crude 96.22
  • #689,369
  • Sep 7, 2012 8:05am Sep 7, 2012 8:05am
Quoting pip_trader
Yes. That is the interesting thing with statistics. You can make it say what you like. I read that the real US unemployment (unemployed + underemployed) is close to 16 percent.

On the other hand this QE shit is irritating. The US and Europe does not need cheap money. They need sound fiscal/monetary policy. They same twats that got us into this situation are the same that sit on their hands and do nothing.
Agreed! Cheap money doesn't help when there is no demand.

Anyway, I was able to grab 30 pips on a euro long after the release. So, things aren't all bad in the world today.
  • #689,370
  • Sep 7, 2012 8:05am Sep 7, 2012 8:05am
are we there yet???

keep on shorting guys.. it will drop sooner or later..
  • #689,371
  • Sep 7, 2012 8:06am Sep 7, 2012 8:06am
Quoting jezek5
OK you know it all,i've been on a prop floor in London
where over 50% were scalpers taking between 10 and 30 pips
per trade day in day out,what do i know though.
True, big money is moved in a wave of 16-23 pips approx.
"Men who can both be right and sit tight are uncommon."
  • #689,372
  • Sep 7, 2012 8:06am Sep 7, 2012 8:06am
out of my short , it should fall now as i am out

reason : my heartbeat increasing
Mohan
  • #689,373
  • Sep 7, 2012 8:07am Sep 7, 2012 8:07am
Quoting Afarensis
ISM<50 QE easy is coming ....1.2750 this week
selling now in
1.2765
  • #689,374
  • Sep 7, 2012 8:07am Sep 7, 2012 8:07am
Quoting kibescorp
Those are pretty much the two ways that any price could go ... at any time.
Yea, but i was on the spot at all times with components what would happen.

There was some slip because some suckers wanted to test 200 pips weekly.
They think they are smarter than I am.
  • #689,375
  • Sep 7, 2012 8:08am Sep 7, 2012 8:08am
Quoting coolhand
Agreed! Cheap money doesn't help when there is no demand.

Anyway, I was able to grab 30 pips on a euro long after the release. So, things aren't all bad in the world today.
Not bad, take them as they come. Its looking awfully extended right now. Even if it does go higher, a healthy pull back is needed.
  • #689,376
  • Sep 7, 2012 8:08am Sep 7, 2012 8:08am
Quoting Rag2RichesFX
Stop acting so superior and like you know everything.

They don't exist. Sure they do.

I would go as far to say as the best traders in the world would not be as good if they didn't have scalping in their arsenal. There are assets and currencies that you buy and hold (because they have heavy trend and little intraday volume and volatility) and then there is the Euro/Dollar
If acting superior is stating facts, I guess I'm guilty as charged.
  • #689,377
  • Sep 7, 2012 8:08am Sep 7, 2012 8:08am
Quoting Vachus
It would be interesting to reach 1.27950 and don't drop ....
I think that is the next resistance, after 2775 today which she already visit.
"Men who can both be right and sit tight are uncommon."
  • #689,378
  • Sep 7, 2012 8:09am Sep 7, 2012 8:09am
Quoting mohan76
out of my short , it should fall now as i am out

reason : my heartbeat increasing
It violated though so good idea. Did not like eurgbp spiked too much upside on first swing.

Still close prices what counts.
They think they are smarter than I am.
  • #689,379
  • Sep 7, 2012 8:10am Sep 7, 2012 8:10am
it touches my weekly line. taken short.
  • #689,380
  • Sep 7, 2012 8:11am Sep 7, 2012 8:11am
Quoting kibescorp
Nice 270 pip move up over the past two days.
Are you in?
"Men who can both be right and sit tight are uncommon."
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