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  • #851,581
  • Nov 8, 2013 6:54am Nov 8, 2013 6:54am
Quoting BeginnerJoe
{quote} Pass over some popcorn man. I will be too busy later. Will be taking profits beforehand and let NFP fill me up again. Then take profits and rinse and repeat. I am going to hose them market makers.
Good Luck!! Are you net long or short for NFP?

How long have you traded FX? You are new here is all I know
Even the worst trade can close with profit. Just give it time.
  • #851,582
  • Nov 8, 2013 6:56am Nov 8, 2013 6:56am
Quoting HappyMe
{quote} in my opinion.... you placed the last a - b - c wrong.... a is the first top after de big dip yesterday, b = your a and c = your b anyway.... the "new" c-wave can't be ended know because it has to go above the a-wave.... in that way the price shoot go up for know... After that a new leg down is forecast in this case... well future will tell us in a half hour or so....

What I'm pointing out is a possible (minor) abc correction before upward continuation. I do agree.
  • #851,583
  • Nov 8, 2013 6:57am Nov 8, 2013 6:57am
Quoting KiwiTrada
{quote} nope swissy bulls paid bills I have pop corn ready for circus in 1hr odd pa, GC bulls are trying to get some traction cable bulls are @ cliff Im thinking Cad data may over ride USD data, unusual day for nfp, could be strange pa, enjoy pop corn and its fireworks / guyfawkes time here now aswell, might be omen:nerd:

i going to miss firework , it's fall into my prayer time , i don't like to trade usd these days
Mohan
  • #851,584
  • Nov 8, 2013 6:59am Nov 8, 2013 6:59am
Quoting John Gray
{quote} Good Luck!! Are you net long or short for NFP? How long have you traded FX? You are new here is all I know
I have no idea. I have large number of trades and orders pointing in all directions. I have been staring at fx screens 24/5.5 for 2 years. It would be a bonus for me if your prediction comes true. I need to exit my eur longs otherwise they are going to go 800 pips against me.
  • #851,585
  • Nov 8, 2013 7:02am Nov 8, 2013 7:02am
I'm holding an interesting short position in USD/CAD....I wonder what happens if USD data is positive and so is the CAD data. Have a feeling I might get stopped on that one in 30 minutes.
  • #851,586
  • Nov 8, 2013 7:03am Nov 8, 2013 7:03am
I have a gut feeling that the NFP will be lower than forecasted again...seeing how the last nfp in oct 22 was actually lower due to the shutdown...reading some views from investing atm..

what do you guys think? will it a be as october nfp?
  • #851,587
  • Nov 8, 2013 7:06am Nov 8, 2013 7:06am
Quoting enterfx
{quote} What I'm pointing out is a possible (minor) abc correction before upward continuation. I do agree.
okay..

But the minor upwart correction is wave 4 (from top, 1.3824 to now!) and should not go beyond end of wave 1..... (that eventually can be a big correct )
after the correction we need to end the impulse from the top...1.3824 that would then wave 5 down and would be smaller then wave 3... but need to go beyond wave 3

Hope you can still follow what I mean, without image it can be not that easy!
You can manage risk, but you can't manage the return
  • #851,588
  • Nov 8, 2013 7:06am Nov 8, 2013 7:06am
JPY is strengthening pre-CAD. Can anyone come up with a story why that is ?
  • #851,589
  • Nov 8, 2013 7:08am Nov 8, 2013 7:08am
Quoting Kanzler
I'm holding an interesting short position in USD/CAD....I wonder what happens if USD data is positive and so is the CAD data. Have a feeling I might get stopped on that one in 30 minutes.
You are better off trading another pair like CADJPY or NZDCAD in my humble opinion. USDCAD could get really mixed reaction with data coming both sides.
Just my 2 cent.
Cheers.
We watch the charts from every angle so you don't have to!!
  • #851,590
  • Nov 8, 2013 7:10am Nov 8, 2013 7:10am
I'm sidelines for news
I will trade micro lots to start teaching myself. It's bout time I leant how to trade fundies to add to bag of trix.
As the lights go by so too do the shadows move
  • #851,591
  • Nov 8, 2013 7:11am Nov 8, 2013 7:11am
Quoting pedro319
{quote} You are better off trading another pair like CADJPY or NZDCAD in my humble opinion. USDCAD could get really mixed reaction with data coming both sides. Just my 2 cent. Cheers.
I'm already in position from a technical standpoint; the mixed data is what I'm a little confused on how the reaction might play out. I typically just get into position earlier on and then see if fundies will give me a boost or not, I don't play the news explicitly.

Could be quite painful for my wallet if news is negative USD though, don't want to see a good chunk of my profits erased already in Swissy but moderately confident in what I expect the data to be.
  • #851,592
  • Nov 8, 2013 7:15am Nov 8, 2013 7:15am
Expecting huge spike before going back down.

Analysts forecasts are low low low, even though reports have shown that the shutdown had a smaller effect than the media claimed.
So anything higher will....
  • #851,593
  • Nov 8, 2013 7:18am Nov 8, 2013 7:18am
Quoting Fx-gtg
1.3465 min retracement. but may happen next week atm 1.3355
  • #851,594
  • Nov 8, 2013 7:20am Nov 8, 2013 7:20am
Today's S/R levels on MT4 Templates

EURO
CABLE
AUDUSD
EURJPY

http://www.forexfactory.com/showthre...23#post7078223
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #851,595
  • Nov 8, 2013 7:21am Nov 8, 2013 7:21am
Quoting dyee630k
Expecting huge spike before going back down. Analysts forecasts are low low low, even though reports have shown that the shutdown had a smaller effect than the media claimed. So anything higher will....
How low ???
  • #851,596
  • Nov 8, 2013 7:22am Nov 8, 2013 7:22am
Quoting Vachus
2nd of May , 2013
The most profitable trade back then was the opening of the hour before the drop , while price retraced to it and came back after months ... just keep it in mind if u consider shorting!
Attached Image (click to enlarge)
Click to Enlarge Name: may2.25basiscut.png Size: 57 KB
"It's the Margin, Stupid."
  • #851,597
  • Nov 8, 2013 7:22am Nov 8, 2013 7:22am
Quoting DudeSepii
{quote} How low ???
Let me get my magic 8 ball out.
  • #851,598
  • Nov 8, 2013 7:23am Nov 8, 2013 7:23am
Quoting DudeSepii
{quote} How low ???
Lower than how low you can possibly go low in a limbo dance.

  • #851,599
  • Nov 8, 2013 7:24am Nov 8, 2013 7:24am
I played the NFP long for the huge spike of 10 pips and closed trade. LOL! I remember the days when NFP would swing both directions 100-150 pips no problem. I'm done with this for the week.

GL Traders
  • #851,600
  • Nov 8, 2013 7:24am Nov 8, 2013 7:24am
Quoting Fx-gtg
{quote}

???
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