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  • #976,741
  • Apr 2, 2015 11:33pm Apr 2, 2015 11:33pm
Quoting jplazard
{quote} Im sorry but I just saw this post and had to say something. If you can elaborate more on this It would be great. First the sentence of when USD is weak that the EUR usually is weaker is just factually incorrect. If you pull up a EUR/USD and compare that to the Dollar Index they are INVERSE. So when dollar declines EUR WILL GO UP and vice versa. The reason being if you click on the ICE Dollar Index specs EUR makes up about 58% of the basket of currencies it trades. So to say when dollar goes down or weakens the eur should follow suit would...
This is interesting, thanks.
  • #976,742
  • Apr 2, 2015 11:38pm Apr 2, 2015 11:38pm
Quoting Chicky
Just finished reading my horoscope. For some reason it says I will suffer a great setback exactly 8 hours from now. Anyone with the same Zodiac Sign saw this horoscope? I wonder if it is across several zodiac signs.
Whoa... so exactly when the non-farm report comes out?
  • #976,743
  • Apr 2, 2015 11:40pm Apr 2, 2015 11:40pm
Quoting Chicky
Just finished reading my horoscope. For some reason it says I will suffer a great setback exactly 8 hours from now. Anyone with the same Zodiac Sign saw this horoscope? I wonder if it is across several zodiac signs.
I know couple of zodiac
Attached Image
  • #976,744
  • Apr 2, 2015 11:44pm Apr 2, 2015 11:44pm
Anybody trading today, NFP in late hour, all bank closed , low liquidity.
Discussion is an exchange of knowledge;argument is an exchange of ignorance
  • #976,745
  • Apr 2, 2015 11:46pm Apr 2, 2015 11:46pm
EUR/USD really going wild these past 6 hours, eh... a massive, massive 15 pip range.
  • #976,746
  • Apr 2, 2015 11:47pm Apr 2, 2015 11:47pm
Quoting Magicmen
{quote} I know couple of zodiac {image}
What about Jerome Kerviel? He got to the place where everyone of us is heading, he got there first.
The Thief of Wall Street
  • #976,747
  • Apr 2, 2015 11:51pm Apr 2, 2015 11:51pm
Quoting PipPirates
Anybody trading today, NFP in late hour, all bank closed , low liquidity.
I'm thinking about opening a tiny position (micro lot) just for fun... probably a short. If NFP is a major + then it'll be fun to watch it run... if not, oh well.
  • #976,748
  • Apr 2, 2015 11:59pm Apr 2, 2015 11:59pm
Quoting Ratmach
{quote} I'm thinking about opening a tiny position (micro lot) just for fun... probably a short. If NFP is a major + then it'll be fun to watch it run... if not, oh well.
About one thousand and one times out of every one thousand and two, this tiny position gets bigger and bigger until NFP announcement and one thousand and one times in every one thousand and one, it is either in wrong direction or gets caught in whipsaw. ............................ Stay as far away as possible, these waters are full of crocodiles

Note. Crocodiles are bigger and more dangerous than alligators.
The Thief of Wall Street
  • #976,749
  • Apr 3, 2015 12:08am Apr 3, 2015 12:08am
Quoting Chicky
{quote} About one thousand and one times out of every one thousand and two, this tiny position gets bigger and bigger until NFP announcement and one thousand and one times in every one thousand and one, it is either in wrong direction or gets caught in whipsaw. ............................ Stay as far away as possible, these waters are full of crocodiles Note. Crocodiles are bigger and more dangerous than alligators.
But what fun is that? No, you're right... besides, if I don't have anything open, I can sleep in in the morning.
  • #976,750
  • Apr 3, 2015 12:22am Apr 3, 2015 12:22am
I just have a quick question for everyone.... why not sit out until the exact moment of the NFP and just jump in when you see which way the trend is going? I think you can still gain 100 pips easily, even if you jump in late on the trend.
  • #976,751
  • Apr 3, 2015 12:28am Apr 3, 2015 12:28am
Quoting Ratmach
{quote} But what fun is that? No, you're right... besides, if I don't have anything open, I can sleep in in the morning.
If someone really wants to learn how to trade, must watch this video
http://video.nationalgeographic.com/...heetah-gazelle
The Thief of Wall Street
  • #976,752
  • Apr 3, 2015 12:30am Apr 3, 2015 12:30am
Quoting gettinpips
I just have a quick question for everyone.... why not sit out until the exact moment of the NFP and just jump in when you see which way the trend is going? I think you can still gain 100 pips easily, even if you jump in late on the trend.
I tried that once, just after I first started trading (not that long ago). But I forgot all about the spread, and how HUGE it can be at that moment. Also that sometimes a move in one direction may only last a few seconds and then reverse, then reverse again. Anyway, when I noticed something had gone terribly wrong, I stupidly switched directions and... well, you can guess the rest. Within a minute or so I had lost 3 trades adding up to nearly 100 pips. DUMB.
  • #976,753
  • Apr 3, 2015 12:31am Apr 3, 2015 12:31am
Quoting gettinpips
I just have a quick question for everyone.... why not sit out until the exact moment of the NFP and just jump in when you see which way the trend is going? I think you can still gain 100 pips easily, even if you jump in late on the trend.
Sorry i'm new to the forum so someone more expert than me can answer better.
I think it's difficult to jump in just after the news. Look what happened yesterday... after the news EUR/USD goes down 30 pips so you could think that the trend
was going down (even supported by the good numbers) but after few minutes it jumps up 100 pip.

my 2 cent

gel
  • #976,754
  • Apr 3, 2015 12:33am Apr 3, 2015 12:33am
Quoting Chicky
{quote} If someone really wants to learn how to trade, must watch this video http://video.nationalgeographic.com/...heetah-gazelle
Ummm... nope, I started to watch it and... just nope. I think I'll go watch Randall talking about the honey badger, though!
  • #976,755
  • Apr 3, 2015 12:39am Apr 3, 2015 12:39am
Quoting Ratmach
{quote} I tried that once, just after I first started trading (not that long ago). But I forgot all about the spread, and how HUGE it can be at that moment. Also that sometimes a move in one direction may only last a few seconds and then reverse, then reverse again. Anyway, when I noticed something had gone terribly wrong, I stupidly switched directions and... well, you can guess the rest. Within a minute or so I had lost 3 trades adding up to nearly 100 pips. DUMB.
Yea I would definitely wait 3-5 minutes to see the true trend, as from experience it continues to rise in that direction. I made fast money on the last NFP just waiting and watching before opening a position. To be honest its the fastest and easiest time to make money in my opinion.
  • #976,756
  • Apr 3, 2015 12:40am Apr 3, 2015 12:40am
Quoting gettinpips
I just have a quick question for everyone.... why not sit out until the exact moment of the NFP and just jump in when you see which way the trend is going? I think you can still gain 100 pips easily, even if you jump in late on the trend.
The biggest problem with that is getting your order executed.... I also tried that once and found that it would not take my order due to "off quotes" So by the time it was taken it was headed in the wrong direction. Not much you can do if that happens... I am sure brokers love it!!!
  • #976,757
  • Apr 3, 2015 12:44am Apr 3, 2015 12:44am
Quoting gettinpips
{quote} Yea I would definitely wait 3-5 minutes to see the true trend, as from experience it continues to rise in that direction. I made fast money on the last NFP just waiting and watching before opening a position. To be honest its the fastest and easiest time to make money in my opinion.
try it later!
  • #976,758
  • Apr 3, 2015 12:52am Apr 3, 2015 12:52am
Quoting Brandonchen
{quote} try it later!
I know it go UP, down, UP, down, but eventually it chooses a direction, that's where i jump in for my easy gains. I've already done it
  • #976,759
  • Apr 3, 2015 12:53am Apr 3, 2015 12:53am
Quoting gettinpips
{quote} Yea I would definitely wait 3-5 minutes to see the true trend, as from experience it continues to rise in that direction. I made fast money on the last NFP just waiting and watching before opening a position. To be honest its the fastest and easiest time to make money in my opinion.
I agree, trading should be fast and easy.

You should be able to retire happily after a few NFP.
  • #976,760
  • Apr 3, 2015 12:54am Apr 3, 2015 12:54am
Quoting gettinpips
{quote} Yea I would definitely wait 3-5 minutes to see the true trend, as from experience it continues to rise in that direction. I made fast money on the last NFP just waiting and watching before opening a position. To be honest its the fastest and easiest time to make money in my opinion.
wrong wrong wrong, that is bad advice, even considering trading nfp, most experienced traders dont, they dont go near it,
to go hard in one direction and then reverse and go 2 x times even 3x times harder in opposite is not that unusual, and more than likely sl means nothing and platform will freeze, so if you get it wrong you will have the dubious oppotunity to watch your account empty and not be able to do a dam thing about it, quick pips is a fantasy, and greed makes worse t I am surprise you would suggest such a thing
If you are new to Forex? Say Goodbye to your account!!
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