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  • #1,621
  • Mar 5, 2013 5:40pm Mar 5, 2013 5:40pm
Quoting Geppy
This is always a common question/topic, although this thread was just in its infancy during the last NFP.

Keep in mind, NFP is a U.S. based number. That means, its effect is largely felt on USD based pairs: EUR/USD, USD/JPY, GBP/USD... you get the point.

So what happens if there's a good NFP number and the USD rallies? Well, GBP/USD would drop while USD/JPY would rise. The result is a "tug-of-war" in GBP/JPY that generally cancels out any violent moves.

Because of this, I generally don't worry about holding my positions in crosses like...
That actually helps a lot thanks for the info --- Might be a good play to trade AUD/JPY tonight while their GDP data comes out and play USD/JPY tomorrow morning for Non Farm Payroll.
Trade at your own risk.
  • #1,622
  • Mar 5, 2013 5:46pm Mar 5, 2013 5:46pm
Whats really interesting is that big business is steadily growing and producing nice profits...but unemployment is still rising.

One word ROBOTS, technology is replacing workers... The future will be interrsting for sure.
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  • #1,623
  • Mar 5, 2013 5:49pm Mar 5, 2013 5:49pm
Quoting BobGnarly
Whats really interesting is that big business is steadily growing and producing nice profits...but unemployment is still rising.

One word ROBOTS, technology is replacing workers... The future will be interrsting for sure.
Yep,
We keep using unemployment as an indication of economic health when that's not necessarily the case.

It's called Technological Unemployment
Trade at your own risk.
  • #1,624
  • Mar 5, 2013 5:52pm Mar 5, 2013 5:52pm
Quoting BobGnarly
Whats really interesting is that big business is steadily growing and producing nice profits...but unemployment is still rising.

One word ROBOTS, technology is replacing workers... The future will be interrsting for sure.
I don't think it's so much robots as it is outsourcing. Labor in the US is too expensive and it's easier than ever to put together a remote team and get things done for a fraction of what it would cost.
check out my blog: forexmademillionaire dot com
  • #1,625
  • Mar 5, 2013 5:55pm Mar 5, 2013 5:55pm
Quoting BobGnarly
Whats really interesting is that big business is steadily growing and producing nice profits...but unemployment is still rising.

One word ROBOTS, technology is replacing workers... The future will be interrsting for sure.
That's why I got into trucking. I don't care what they make or how they make it. They still need slobs like me to get it there.
Ghost Rider - WWTBMD?
  • #1,626
  • Mar 5, 2013 5:56pm Mar 5, 2013 5:56pm
Quoting Geppy
I don't think it's so much robots as it is outsourcing. Labor in the US is too expensive and it's easier than ever to put together a remote team and get things done for a fraction of what it would cost.
Yes, that is true too - between outsourcing and technology you have a nice unemployment double whammy. LOL

It's crazy too because who is going to buy all these products if nobody is working?

Hmm, hard to imagine what the future holds.
Trade at your own risk.
  • #1,627
  • Mar 5, 2013 5:59pm Mar 5, 2013 5:59pm
Yes we do outsource quite a bit and its growing.. A warehouse near me fired almost all of its workers. The whole warehouse floor is now a programmed grid with robots getting stuff off the shelves and packaging them for shipping. It is actually amazing to see. But it just shows how everything is evolving...
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  • #1,628
  • Mar 5, 2013 6:00pm Mar 5, 2013 6:00pm
Quoting Geppy
I don't think it's so much robots as it is outsourcing. Labor in the US is too expensive and it's easier than ever to put together a remote team and get things done for a fraction of what it would cost.
Been some news lately on "in sourcing" companies coming back to Finland, Europe but big time to the US mostly robotized but they say customer base is happy to pay for "Made In Homeland" stuff.

But does this effect economy is another thing.
  • #1,629
  • Mar 5, 2013 6:20pm Mar 5, 2013 6:20pm
And to actually contribute to the thread that thought me everything I know ( had to delete all old) id be looking for some shorts 80 to 100 pips up.
  • #1,630
  • Mar 5, 2013 6:44pm Mar 5, 2013 6:44pm
Quoting albchr
That's why I got into trucking. I don't care what they make or how they make it. They still need slobs like me to get it there.
I wouldn't be so sure of that: http://en.wikipedia.org/wiki/Google_driverless_car
check out my blog: forexmademillionaire dot com
  • #1,631
  • Mar 5, 2013 6:47pm Mar 5, 2013 6:47pm
Quoting Geppy
I'm not sure I understand your posts.

meh.
Not trying to be cryptic. My charts are up here. I'm in the correction is not over camp.
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #1,632
  • Mar 5, 2013 7:04pm Mar 5, 2013 7:04pm
Quoting Geppy
I wouldn't be so sure of that: http://en.wikipedia.org/wiki/Google_driverless_car
I'll be long dead before that's a viable replacement.

And just wait until they hit the first snowstorm....WOO HOO...Look Out!
Ghost Rider - WWTBMD?
  • #1,633
  • Mar 5, 2013 7:04pm Mar 5, 2013 7:04pm
Quoting whatever007
This diagnonal wedge whatever you call it thing from last week's low looks like it will end today, took small short.
Partial cover, that took way too long for 30 something pips.
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #1,634
  • Mar 5, 2013 9:12pm Mar 5, 2013 9:12pm
Bulls are in control.
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When Scalpers win, I lose and Vice varsa...
  • #1,635
  • Mar 5, 2013 9:17pm Mar 5, 2013 9:17pm
This may sound like a stupid/rookie question, but I just need to ask for some opinions on this. I see on my 1H chart that my 20EMA and 200EMA are coming together. Is the 20 crossing up to the 200 or is the 200 coming down to the 20? I know it just math, but if the 200 is just going lower then the trend is down as well, right? If the 20 is crossing on an up swing then the price is moving higher? Why is this bugging me?
Illegitimi Non Carborundum
  • #1,636
  • Mar 5, 2013 9:37pm Mar 5, 2013 9:37pm
Quoting Choopyaz
This may sound like a stupid/rookie question, but I just need to ask for some opinions on this. I see on my 1H chart that my 20EMA and 200EMA are coming together. Is the 20 crossing up to the 200 or is the 200 coming down to the 20? I know it just math, but if the 200 is just going lower then the trend is down as well, right? If the 20 is crossing on an up swing then the price is moving higher? Why is this bugging me?
Hey Choopyaz,

In the case of moving average crossovers, the faster MA is always crossing the slower one. For example, here is my 1h chart. The green line is the 50EMA and the yellow is the 100EMA. In this case, the 50EMA is about to cross over the 100EMA.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy1h.gif Size: 52 KB
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  • #1,637
  • Mar 5, 2013 9:54pm Mar 5, 2013 9:54pm
Quoting Geppy
Hey Choopyaz,

In the case of moving average crossovers, the faster MA is always crossing the slower one. For example, here is my 1h chart. The green line is the 50EMA and the yellow is the 100EMA. In this case, the 50EMA is about to cross over the 100EMA.
Geppy, Thanks for the reply and I guess I know that the faster is always crossing the slower and maybe my questions is really this; Does the slope of the line signify much. As I understand the faster MA will following price action more closely while the slower MAs tend to be flater. When they both seem somewhat flat and just easing into each other is there a significance? Or is is just, as is the case now, a longer period of minimal PA keeping the faster MAs flat? Or am I just losing my mind and over thinking things?

Tonights trivia:

"What's the Frequency, Kevin?" Who said it and when?
Illegitimi Non Carborundum
  • #1,638
  • Mar 5, 2013 10:12pm Mar 5, 2013 10:12pm
Quoting Choopyaz
Geppy, Thanks for the reply and I guess I know that the faster is always crossing the slower and maybe my questions is really this; Does the slope of the line signify much. As I understand the faster MA will following price action more closely while the slower MAs tend to be flater. When they both seem somewhat flat and just easing into each other is there a significance? Or is is just, as is the case now, a longer period of minimal PA keeping the faster MAs flat? Or am I just losing my mind and over thinking things?

Tonights trivia:...
To be honest, I believe you're over thinking it. If MAs all start bunching up, well then... you have a point where PA is ranging and it will take a break out before you get MAs to trend one way or another. But the velocity at which one crosses another doesn't mean anything in my opinion.

Maybe someone has a different opinion.
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  • #1,639
  • Mar 6, 2013 12:00am Mar 6, 2013 12:00am
sooner or later this should break out to the upside
New voice message: Why are you calling me? If I need you, I'll call you!
  • #1,640
  • Mar 6, 2013 12:13am Mar 6, 2013 12:13am
Quoting KillerWhale
sooner or later this should break out to the upside
4 hr chart
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New voice message: Why are you calling me? If I need you, I'll call you!
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