EURUSD

long from 01

why? i still hold my short from 3045

after reading post on her profile i'm sure that she is not cloggie. but could be his daughter

what is DD?

low around 1.2975

Well a higher NFP number than expected and a drop in unemployment rate will be a slamdunk for me!
and i hope its the case..... if NFP comes out higher than forecast... it will further add volume to the fact that QE be stopped not in June but in March...
and that will add to more demand for the USD...

Is all that happened this week anything but short-term traders pissing in their trousers?

The 275 pips drop from the high Wednesday has caused all of those who 2 days ago wanted the EURUSD to sky rocket from 1.33 to turn around and now almost predict no bottom for the pair if it breaks below 1.30.

Well – good luck to them.

The market this week has been one for which short-term punters have been in – keen to get on with the new year, while the professionals have been skiing in St. Moritz, Courchevel and Aspen.

I have taken the approach that while 275 pips is significant over 2 days, whether or not this is a move to be extended or one to correct, is not to be properly put to test before next week.

We are back to the level we had before the festivity season and it might very well be that all that took place during the feast is to be forgotten – but again – we need those taking this period off - the pros - back on the pitch to see where EURUSD is heading.

It has been like this always – and with the news picture we have had this week, I am slightly sceptical to whether there has been anything else supporting the drop than short-term traders pissing in their trousers.

Today is jobs day in the US and prepare yourselves for more nervousness. It is Friday and it is a Friday thinner than usual. The volatility from a NFP figure today that surprises could be substantial. Whatever the outcome – the real reaction to today’s figures and all that has been going on over the last 2 weeks is up for judgement next week.

half closed, rest BE. still waiting for 25

Any idea what the reaction of this baby when NFP news announced?

Too small sell stops or did not reach them with mixed bids at 95/00.

immediately after NFP? Spikes up and down...
but if NFP number comes out strong, meaning higher than forecasts.... be ready to short the EURUSD till kingdom comes....

if news will be positive, i think it will drop like a rock.

Had closed my position at 1.3010 short from 1.3218, 208 pips gain! A good start to the new year....

Back to 18/23. 15min test at 08 i assume.

Usually this baby go up when good results.

well done. may the rest of the year continue like that...

Yeah I hope so, the problem is I cannot get consistent gain, now trading very small lot and to gain experience and hope 1 day I can earn enough from forex so that I can trade full time!!

i lik ed both of them

Why is that ?

Not when FOMC yesterday said if Employment and Housing recovers, they see an earlier end to QE...
End in QE means printing less USD, printing less USD means Dollar Strength as uncertainty on the Dollar Dissipates....
USD has already broken above the important psych of 80 in the DXY....