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  • #894,321
  • May 2, 2014 2:51am May 2, 2014 2:51am
Again the nonsense short term oversell that may use during NFP if data come out lower than expected.
Kill those bl**dy sellers who are destroying short opportunities.
You cannot learn better without losing
  • #894,322
  • May 2, 2014 2:53am May 2, 2014 2:53am
Quoting Magicmen
{quote} Name: Navaazi Full Address: 786, Navaiti Manzi, Nawab Khana, Nazikistan, Zip:786-786 Mother's Maiden Name: Lali Begum DOB: 09-09-1900 Credit Card: 1234-4321-7867-8678 Type: Master Card Expiry: Never CVV: 786
Hahaha
Chicky gonna use it
You cannot learn better without losing
  • #894,323
  • May 2, 2014 3:04am May 2, 2014 3:04am
Quoting ikdenk
{quote} Two gold fixes: 10.30 am and 3 pm London time. ONE silver fix: 12 noon London Time
Thanks, i do not pay attention to the fixes anyway - no wonder my information are outdated
"It's the Margin, Stupid."
  • #894,324
  • May 2, 2014 3:43am May 2, 2014 3:43am
Quoting aarontdang
Anyone thinking of going long from 1.3860??? I think it's a great support, for one last run to the top before NFP Long EU @ 1.3861 SL 9 PIPS .... Looking for 1:1 R:R
Closed all my EU Long from 1.3861 ... and 1.3856
Got +2% on one account and +1 pip on others 2 ...

shorted GU @ 1.68883
  • #894,325
  • May 2, 2014 3:49am May 2, 2014 3:49am
Quoting aarontdang
Anyone thinking of going long from 1.3860??? I think it's a great support, for one last run to the top before NFP Long EU @ 1.3861 SL 9 PIPS .... Looking for 1:1 R:R
Looking good, but I do not trade on the non-farm payrolls day.
Want to learn more: HTO Trading
  • #894,326
  • May 2, 2014 3:57am May 2, 2014 3:57am
Quoting honeill
{quote} Looking good, but I do not trade on the non-farm payrolls day.

I think I should do the same, Coz it's Friday and I lose $$$ on almost every Friday in the past.
I think it's best that I should stay the hell out today.

Even with + or - NFP, It might not go the way we expected.

More SL to be triggers ... wide spread too ...
+20 Spreads???? lol kinda crazy

I joined the Forex Contest..... Only made +5% so far with 2 trades.
And I rank # 14 lol .... I guess the best way to win is to do nothing
and wait for other 299 people to blew up their account

http://www.myfxbook.com/contests/for...-broker-inc/20
  • #894,327
  • May 2, 2014 4:45am May 2, 2014 4:45am
[quote=Chicky;7442399]{quote} Every and all the things you dreamed off in this forex nap can actually happen.

yes why not.

http://www.forexfactory.com/showthre...12#post7440112
don't predict direction, but dance with flow of water
  • #894,328
  • May 2, 2014 5:04am May 2, 2014 5:04am
Quoting attila
{quote} Tom, forget about formal education. The return on investment is not there anymore. You either make money trading, or you go back to the slammer. There's no middle way. Formal education is overrated and fed to the brainwashed... As soon as the economy hicks up, they're all knocking at doors and begging to be underpaid again.. That's the today's reality.
I don't usually agree with people with the red thing, but this is exactly what is happening. There is no more money left to do in regular investing, and by that I mean trying to find value and invest on it, everything and I mean literally everything is overvalued, with big risk of losing all your investment. Bonds/Stocks even currencies except the US.Dollar are overvalued.
The US dollar is cheap but that is trade that needs a sentiment shift on the general world economy. That can take a lot of time to trigger. The jobs created since the recovery in the US are mainly from part-time and small jobs like that, those type of jobs can go away in a single quarter if everything turns a little bad. These are not long term jobs, there is no security.
FED is removing little by little the liquidity and as financial conditions tighthen and they will, stock market will correct, and by that I mean, a big sell-off, a lot of people are going to lose money, stocks are being rented not owned, no one wants to hold any stock for more than a momento trade.
FED in the end won't allow any recession to materialize and ruin everything they did to so far, so they will be forced to do QE4 and until all credit is restored it will keep the asset purchases going on.We are not out of the woods by any margin, just watch.
And look, someone is optimistic here:
Attached Image (click to enlarge)
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  • #894,329
  • May 2, 2014 5:20am May 2, 2014 5:20am
Quoting JohnIsShort
{quote} FED in the end won't allow any recession to materialize and ruin everything they did to so far, so they will be forced to do QE4 and until all credit is restored it will keep the asset purchases going on.We are not out of the woods by any margin, just watch. And look, someone is optimistic here: {image}
You want to check my post when they announced first reduction in purchase,been saying this, kind of backed by last prelim gdp, wait for next one to come out and if in reds you can bet on return to the program. My questions about CFA were not aimed at career in finance, it's a personal thingy, nothing else.
swing it!
  • #894,330
  • May 2, 2014 5:20am May 2, 2014 5:20am
Quoting JohnIsShort
{quote}...{image}
Put four Dollar fanatics and average, you will find the number just near 200k - we have citiboy here calling a ridicilous 300k! God knows what was he drinking ...
"It's the Margin, Stupid."
  • #894,331
  • May 2, 2014 5:28am May 2, 2014 5:28am
Bastards are buying for the moment. Anything can change in 2 hours though
COT: The precious data ignored
  • #894,332
  • May 2, 2014 5:33am May 2, 2014 5:33am
Quoting kuroro001
Bastards are buying for the moment. Anything can change in 2 hours though
I really hate those buying sons of bitches at the moment
"Don't get caught trading wheat in the corn pit"
  • #894,333
  • May 2, 2014 5:57am May 2, 2014 5:57am
Quoting kuroro001
Bastards are buying for the moment. Anything can change in 2 hours though
Sir,

Hope you doing well.

I would prefer some buying leading up to the event. As it may then present a short opportunity? your thoughts?

Regards
  • #894,334
  • May 2, 2014 6:01am May 2, 2014 6:01am
The GU hrly H&S maybe the TA crystal ball to NFP

(If it is I will remind you afterwards minus this part of comment, if not I will log off n pretend I never said it )
As the lights go by so too do the shadows move
  • #894,335
  • May 2, 2014 6:02am May 2, 2014 6:02am
Quoting TauTrader
{quote} Sir, Hope you doing well. I would prefer some buying leading up to the event. As it may then present a short opportunity? your thoughts? Regards
Hey Tau!

I'm good thanks, hope you are doing great too.

I wouldn't touch it ahead of NFP, and i would rather see a good dump but no strong opportunity to short it now.

We are in scalping island until the news. Its not even a 10 pips range
COT: The precious data ignored
  • #894,336
  • May 2, 2014 6:11am May 2, 2014 6:11am
Quoting TauTrader
{quote} Sir, Hope you doing well. I would prefer some buying leading up to the event. As it may then present a short opportunity? your thoughts? Regards
Pre NFP ususally lends to a quick 10 pip in the eur/usd. The more riskier thing is if your fast and ballzy is to go short on eur/usd and at the time the data comes the HFT will make the euro spike up and down 20 pips before really materializing. in a bear or bull market for that day.

Also just remembered sometimes NFP data gets leaked about 30 mins earlier will also would lead to a 20 pip spike one way or another.

Safest is really just wait till nfp is out and then take some moderate profit by flowing the bear of bull trend.
Past glory means nothing on the battlefield
  • #894,337
  • May 2, 2014 6:14am May 2, 2014 6:14am
The Nfp should be around the same number as was before. Nothing special would happen. I am waiting for long breakout today. Target 1.3940. SL 1.3840.
  • #894,338
  • May 2, 2014 6:19am May 2, 2014 6:19am
Quoting kuroro001
{quote} Hey Tau! I'm good thanks, hope you are doing great too. I wouldn't touch it ahead of NFP, and i would rather see a good dump but no strong opportunity to short it now. We are in scalping island until the news. Its not even a 10 pips range
I hear ya-

Have been scalping all day. Go to 4hr and scroll back pre Jan 2014 - at any given time - top to bottom may represent 1000 to 1200 pips. Currently - it represents 400 pips - go figure.

No volatility.

It presents a challenge for me on longer TF.. But it also presents a challenge whilst scalping, as spread becomes a bigger issue.( no movement)

Let us see - trade well and all success

Regards
  • #894,339
  • May 2, 2014 6:19am May 2, 2014 6:19am
Gold is trying to go higher, yen crosses rejecting the higher levels. Sounds like a good eur/yen & gbp/yen opportunity to go short. A weekly and daily confirmation and we can be on the way below 140 and 170 for long time..
  • #894,340
  • May 2, 2014 6:30am May 2, 2014 6:30am
I mentioned investment as a mean to retire. Now that I think about it, that's not an option either. I agree with you, there's nothing you can invest long term with all the bubbles crated by the FED and the Gov. in general. So a job is not worth it or secure in any way, investing not an option... then speculation is the only way, I guess...

Quoting JohnIsShort
{quote} I don't usually agree with people with the red thing, but this is exactly what is happening. There is no more money left to do in regular investing, and by that I mean trying to find value and invest on it, everything and I mean literally everything is overvalued, with big risk of losing all your investment. Bonds/Stocks even currencies except the US.Dollar are overvalued. The US dollar is cheap but that is trade that needs a sentiment shift on the general world economy. That can take a lot of time to trigger. The jobs created since the...
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