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NFP Results....

  • #41
  • Aug 4, 2006 1:26pm Aug 4, 2006 1:26pm
It has been so damn boring, I came back early... I am still on vacation, though so don't tell my kids I am back... LOL Scott



Quoting merlin
dude your trading on vacation?!? the wife must love that!
  • #42
  • Aug 4, 2006 1:43pm Aug 4, 2006 1:43pm
I got 45 pips... Oanda didn't like my limit buy/sell so I got in a bit too late...
  • #43
  • Aug 4, 2006 1:53pm Aug 4, 2006 1:53pm
Quoting merlin
isnt that a tupac song??
lol yup

i'm glad someone got it
  • #44
  • Aug 4, 2006 1:53pm Aug 4, 2006 1:53pm
Made 25 pips on EURUSD -- not too many, I know -- but I'm still learning and I'm very conservative. As I gain experience I'll start being more trigger-happy. Thanks to MM for his insightful posts.
  • #45
  • Aug 4, 2006 2:12pm Aug 4, 2006 2:12pm
Quoting suzuki
Made 25 pips on EURUSD -- not too many, I know -- but I'm still learning and I'm very conservative. As I gain experience I'll start being more trigger-happy. Thanks to MM for his insightful posts.
Suzuki;

Key point is YOU MADE PIPS!!! (stop shouting MM!!)

That's increase; forget about the "not too many" part. Just get consistent. Heck if you made 25 pips consistently, do you know what kind of money you can make?

And much thanks for the kind comment. Aw shucks....made me blush...
  • #46
  • Aug 4, 2006 2:18pm Aug 4, 2006 2:18pm
Quoting grillbritt
I got 45 pips... Oanda didn't like my limit buy/sell so I got in a bit too late...
You got 45 pips and you're frowning?

Hey, grillbritt, that's more than 0 pips...hello?? That's called profit...okay??? That's what we traders want. Forget what Oanda likes or doesn't like (broker bashing days are banned from your life forever); it's all about what you can produce with your system. And you produced 45 pips. Now imagine if you will...20 standard lots and 45 pips, that would have been....mmm.....$9,000? I think that's right. Weekend money at least.

So smile , laugh , roll on the floor laughing... You had a good day.
  • #47
  • Aug 4, 2006 2:35pm Aug 4, 2006 2:35pm
I made 101 pips
  • #48
  • Aug 4, 2006 2:43pm Aug 4, 2006 2:43pm
+72 on EURUSD and -22 on USDJPY.
  • #49
  • Aug 4, 2006 2:44pm Aug 4, 2006 2:44pm
Quoting suzuki
Made 25 pips on EURUSD -- not too many, I know -- but I'm still learning and I'm very conservative. As I gain experience I'll start being more trigger-happy. Thanks to MM for his insightful posts.
Don't worry about woulda, coulda, shoulda.

Did you know if you did 10 pips a day and a starting balance of 10,000, you would make ~130,000 in one year.
Mr. Trend
  • #50
  • Aug 4, 2006 2:46pm Aug 4, 2006 2:46pm
i was waiting this move for while, i make only 22 pip , my broker execute my order far away than i put !

Anyway Thanx God
Charting Markets into the Future...MǎҖ€¥.
  • #51
  • Aug 4, 2006 2:46pm Aug 4, 2006 2:46pm
Quoting Mr Trend
Don't worry about woulda, coulda, shoulda.

Did you know if you did 10 pips a day and a starting balance of 10,000, you would make ~130,000 in one year.
Hahaha, okay okay, I get it guys!!
  • #52
  • Aug 4, 2006 2:48pm Aug 4, 2006 2:48pm
Quoting JosTheelen
+72 on EURUSD and -22 on USDJPY.
Great net of 50!!!

Help me understand....How'd you give them 22 on the USD/JPY because if you were long Euro you would have been short USD/JPY??

It will probably help someone so please resolve....but still great net.
  • #53
  • Aug 4, 2006 2:53pm Aug 4, 2006 2:53pm
Quoting MaXeY
i was waiting this move for while, i make only 22 pip , my broker execute my order far away than i put !

Anyway Thanx God
Hey MaXeY,

No frowns, you made positive pips. We must remain positive in this business.

Don't be too hard on yourself. No need to beat yourself up....that's the brokers' job!!
  • #54
  • Aug 4, 2006 2:58pm Aug 4, 2006 2:58pm
Quoting suzuki
Hahaha, okay okay, I get it guys!!
Mr. Trend, my friend, I think suzuki's got it!!!!!

And from the posts I've read today, sounds like it's spreading. Could it be, the spread of winning traders has increased to 6-16% from 5-15%?? Perhaps?? Could it be?? Dare we hope?? Dare we dream??
  • #55
  • Aug 4, 2006 3:01pm Aug 4, 2006 3:01pm
Quoting MoneyMa$ter
Mr. Trend, my friend, I think suzuki's got it!!!!!

And from the posts I've read today, sounds like it's spreading. Could it be, the spread of winning traders has increased to 6-16% from 5-15%?? Perhaps?? Could it be?? Dare we hope?? Dare we dream??
Hmm... perhaps. I'd just be happy if our fellow business owners would realize that, yes, believe it or not, you can actually make money in FX relatively easy.

Ya just gotta get rid of pride in your trading and keep it simple. (And God knows I sometimes have a problem with it as well, but I'm quick to catch myself, and I don't take a trade when I'm feeling like I need to predict and gamble. That's what the $2/4 Limit tables at Full Tilt are for...)
Mr. Trend
  • #56
  • Aug 4, 2006 3:07pm Aug 4, 2006 3:07pm
Warning : Dont do news trading !!!!

No matter how many pips or times you win, just one time quick reversed
movement against your position, you will lose all of your capital !!!!

Did you see price moved down 100 pips , then up 300 pips before????

In 1988, price moved down 2000 pips in 20 minutes !!!!

Wish you all trading forex safer !!!!

Quick money goes quickly !!!!
  • #57
  • Aug 4, 2006 3:22pm Aug 4, 2006 3:22pm
Quoting FlashJack
Warning : Dont do news trading !!!!

No matter how many pips or times you win, just one time quick reversed
movement against your position, you will lose all of your capital !!!!
......
In 1988, price moved down 2000 pips in 20 minutes !!!!
1988?? 1988?? Whatever...


Yesterday there was a thread entitled "NFP Prediction". FF's server crashed or something happened and it got wiped out. But below is an excerpt from that post where I explained the dollar weakness. At the end, one of two fellow traders doubted me, which as a free moral agent, he certainly has the right to do. Check this out:
******************************************
Why do I think this will happen? Because American elections come in
November and politicians do not, I say again do not, want another rate
increase. Politicians want Americans outside the beltway to believe there
is no inflation. DUH??? The price of gas is what??? I digress. The only
question is whether FOMC will stop increases in August or in October.

Do your own homework.

But, if my hypothesis is correct, then NFP numbers MUST support a
non-inflationary economiy (which in fact is a myth because the US of A is
experiencing inflation) and consequently, going long any currency pair
with the USD cross is a winner.

Technical types, simply ignore the above because it's totally F/A
based. But for the record none of the T/A folks who thought USD was on a bull run, not a one of them responded to my chart-based analysis dating
back to 2005 posted in FF proving why bullish GBP was a winner (that was what, 2 weeks ago?).


With that said, I'm looking to short the Cable and Eur tomorrow.

Jim

********************************************

Yo dude, Jim. My man. What's up. Much love man, much love.

  • #58
  • Aug 4, 2006 3:35pm Aug 4, 2006 3:35pm
Quoting FlashJack
Warning : Dont do news trading !!!!

No matter how many pips or times you win, just one time quick reversed
movement against your position, you will lose all of your capital !!!!

Did you see price moved down 100 pips , then up 300 pips before????

In 1988, price moved down 2000 pips in 20 minutes !!!!

Wish you all trading forex safer !!!!

Quick money goes quickly !!!!
1988 was the infamous SOROS sell...I don't know if that would happen again...could...but I think there may be safe-guards in place for that now.

Money,

Bro, I knew you were gonna be gloating today :-) we called this thing on target yesterday in that thread (that was deleted due to the server upgrade)...I figured you'd want to crack that smile and spread some crow...lol

What I want to know is the guy who started the thread, he was the one who initially called it, I want to know what his predictions will be for next month...and the see if I agree with him.

This morning's call was just WAY too easy. Technicals and Fundamentals in perfect alignment...seriously...I didn't take that many pips away, but I traded larger lot sizes and made a good chunk of money. I only took about 30 pips, but that was in 5 minutes...at which point, I had to close my trades and go to the office. I took the initial ride up using a hedge (with a 10 pip loss due to the spread between my buy and sell - 2 pip slippage + 4 pip spread on the buy + 4 pip spread on the short) then sold the losing pair, and let it ride for the 30 pips until I decided that I had to close shop and move onto the REAL money maker. What I REALLY should have done was sold 1/2 and trailed the rest, but I couldn't get GTS to cooperate fast enough, and after the initial push at 1.9000 (GBPUSD), it went up like 15 pips and then dropped down again to 1.9000 (40 pips from where I dropped the losing trade)...so I closed and my trade and went to work a happy man.

Seriously though...this was WAY too easy...I mean, the weaker numbers only helped, but honestly, I think even concensus being hit would have been hard pressed to do anything but the same thing.

Good job...and if that dude who wrote the initial post yesterday...PLEASE PM me...I'd like to toss some ideas around with you.

Anyone go short right before NFP? There were a bunch of guys yesterday in that thread that wanted to hold short.
  • #59
  • Aug 4, 2006 3:49pm Aug 4, 2006 3:49pm
Its the NFR, everyone makes money (besides brokers and some TA peeps). Im still playing with economic reports in my demo, but i will be up with teh big boys soon!

My question is to the guy who doubts new trading, what do you trade, TA? Do you make money off of TA? Trading the news is profitable, because you better understand the market and you see it in a different light, such as not gambling and looking at past trends. I have been studyin for a few months of News trading and well.. I am profitable in my demo, besides losing half of the account when i was using TA, news trading (FA) has increased it!

GL to everyone, hoep to more peeps soon.

-J
  • #60
  • Aug 4, 2006 3:54pm Aug 4, 2006 3:54pm
Quoting MoneyMa$ter
With that said, I'm looking to short the Cable and Eur tomorrow.

Jim

********************************************

Yo dude, Jim. My man. What's up. Much love man, much love.

Netted 63 pips on the Cable today (2 lots). I guess that was a weak attempt at sarcasm.

I sure you think your analysis was why the cable went up.
I try not to predict the market I try to move with it.

Jim
Indicators show the past. Price Action "Indicates" the future.
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