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  • #1,054,661
  • Feb 5, 2016 3:41am Feb 5, 2016 3:41am
Quoting alexkorica
Hey guys, I'm relatively new to the market. I know about the NFP on the USD, and I know how much of an affect it can create, but I just want to get an insight on whether it is wise to sell any pairs that involve the USD that you have active? I currently have an order for EUR/USD at +321pip gain, and am unsure if I should sell it off before NFP hits. If anything, I think it would be wise to sell it and see how the market co-operates during that period and wait for a second candle possibly? (depending the chart's time period, of course).
I would take the money and get out before NFP. That said I strongly believe it will keep rising after NFP.
Price-Action Extremist
  • #1,054,662
  • Feb 5, 2016 3:43am Feb 5, 2016 3:43am
200K + would be great
Think 4D: History, Future, Now and Noise
  • #1,054,663
  • Feb 5, 2016 3:48am Feb 5, 2016 3:48am
So tempting, I will probably enter 100/100 long shortly before. on 1%. I hope there is no black swans coming to eat my trade.
Price-Action Extremist
  • #1,054,664
  • Feb 5, 2016 3:54am Feb 5, 2016 3:54am
Quoting bagman
So tempting, I will probably enter 100/100 long shortly before. on 1%. I hope there is no black swans coming to eat my trade.
NFP is known for spikes reverse for no particular reason.
  • #1,054,665
  • Feb 5, 2016 4:08am Feb 5, 2016 4:08am
Quoting gatorinla
{quote} had ny and london closed above usdx 96.70 and eu closed below 1182 i would feel better about it. looks like typical nfp eve. hopefully this was the pump before dump.
both have been flirted with, but not even a 1h closed below/above.
those who can, do. those who cant, talk about those who can
  • #1,054,666
  • Feb 5, 2016 4:13am Feb 5, 2016 4:13am
Quoting tankokjian
{quote} NFP is known for spikes reverse for no particular reason.
Still going to try it. I have been skittish all week, could have grabbed 10% more. Going to risk 1% on the NFP so I can feel like I punched a bear in the mouth.
Price-Action Extremist
  • #1,054,667
  • Feb 5, 2016 4:14am Feb 5, 2016 4:14am
Afternoon,

So quiet markets.

No buying or selling and nothing adds to euro or dollar strength.

Some position fiddling on eurgbp and cable.
They think they are smarter than I am.
  • #1,054,668
  • Feb 5, 2016 4:20am Feb 5, 2016 4:20am
More than an hour before the NFP and I can see the spread in Oanda bouncing up and down
Why sell the bottoms when you can buy the tops...
  • #1,054,669
  • Feb 5, 2016 4:22am Feb 5, 2016 4:22am
So guys. Happy NFP Day

I will stay this time on sideline - and try not to trade this time. Equities looks dangerous and also $Currencies looks to tasty to trade... EUR still in Tokio Range so it would be TO easy. Historiy showed me when something looks to good - dont pick it.

If i would be positioned this time i would trade on a Strong NFP Number with huge drop in $ back to 09-10 Area. 1200 looks to bubbled to be true. But maby i am wrong. So wish you all green trades!

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  • #1,054,670
  • Feb 5, 2016 4:26am Feb 5, 2016 4:26am
Quoting giveachance
gator do you see 1.4430 on ea. I think we are due for a big monthly fall any time soon
if i forget euro is a funding currency on track to be used even more. sure i see a drop. but as a funding currency with redemptions coming its better to wait for 6367 or even 6985 month wise. smaller than that i dont see much. and it dont mean shit if equities get in trouble. personally i think china is early in the shitter.. chinese hand tools such as garden hose may be a good investment. or south carolina white oak trees a good export to china. anything china can make with cheap labor such as basket weaving. keep in mind when china does bad.. even the poor north korea does worse.. lots of crazies come out the woodwork.
those who can, do. those who cant, talk about those who can
  • #1,054,671
  • Feb 5, 2016 4:27am Feb 5, 2016 4:27am
watch the avg h earnings too.all about infaltion these days.
follow the flow
  • #1,054,672
  • Feb 5, 2016 4:34am Feb 5, 2016 4:34am
What do you think about a lock buy sell and close the profit when it chill ...


I belive the pa will come back here if the job are bad or good ... dose nt mather

And if you got a big acount you can take sell 1 lot buy 1 lot. And when it seatel down you close the position that is on profit ..

It works 3 times for me in jobs


Maybe you consider a stupid think but is a tehnical situation that i make good profit 3 times.
  • #1,054,673
  • Feb 5, 2016 4:37am Feb 5, 2016 4:37am
Quoting JustAndy
We are all guessing more or less, IF any of us knew where the pair is going we wouldn't be using stop losses* *not applicable to financial suicidals and day dreamers bent on turning $50 into a million by the end of the year
yeah well posting "i have a feeling" and posting your level, is worth about as much as a pound of used toilet paper. lots of those this morning
those who can, do. those who cant, talk about those who can
  • #1,054,674
  • Feb 5, 2016 4:39am Feb 5, 2016 4:39am
Quoting Anubisval
What do you think about a lock buy sell and close the profit when it chill ... I belive the pa will come back here if the job are bad or good ... dose nt mather And if you got a big acount you can take sell 1 lot buy 1 lot. And when it seatel down you close the position that is on profit .. It works 3 times for me in jobs Maybe you consider a stupid think but is a tehnical situation that i make good profit 3 times.
Double the risk, tying funds into a position that might take a long time to turn into profit and missing opportunities to reinvest and capitalize on those funds...sounds like a long shot to me with a lot of variables.
Why sell the bottoms when you can buy the tops...
  • #1,054,675
  • Feb 5, 2016 4:41am Feb 5, 2016 4:41am
Quoting gatorinla
{quote} yeah well posting "i have a feeling" and posting your level, is worth about as much as a pound of used toilet paper. lots of those this morning
Inserted Video
Why sell the bottoms when you can buy the tops...
  • #1,054,676
  • Feb 5, 2016 4:49am Feb 5, 2016 4:49am
Quoting JustAndy
{quote} https://www.youtube.com/watch?v=uSD4vsh1zDA
"i got a feeling school"
Inserted Video
those who can, do. those who cant, talk about those who can
  • #1,054,677
  • Feb 5, 2016 5:03am Feb 5, 2016 5:03am
Quoting gatorinla
{quote} "i got a feeling school" https://www.youtube.com/watch?v=99XklUquUIc
I passed by this morning, noticed we stopped within 10 of a 1/4 mark for a set that leads to 1.14xx norm. Should be the top bear leg from 17xx if I recall correctly

I would have liked a better reaction at 1085+, without it- I'm holding for 1.247x, some say never....some of them the same that said 1.12xx woudnt happen either...

I'd imagine if (a big if admittedly) we make a HH at 1.17xx, those same ones that said never will be the loudest calling 1.2
  • #1,054,678
  • Feb 5, 2016 5:06am Feb 5, 2016 5:06am
i have a 114.95 target on uj, and a valid one for 106.44 yeah yeah,, it's impossible to bet against boj. so dont send me a post saying the obvious. meanwhile inside the 114.95 and 106.xx target is this setup laughed at too just after the negative rate cut..117.41 before 121.77.. many stocks at support indexes at multi year lows. uj soon may be a good time for a dead cat 121.77.. it may be a place to get a better uj short in future . ps what happens in uj should reflect eu and equities. yen weakness has lately reflected on euro for funding reasons. up uj in a dead cat, may drop eu.. or vice versa on uj drop.
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those who can, do. those who cant, talk about those who can
  • #1,054,679
  • Feb 5, 2016 5:08am Feb 5, 2016 5:08am
Odd having nfp after such an epic dollar fall -- I kind of want to see really bad numbers just to see what will happen. Twisted
  • #1,054,680
  • Feb 5, 2016 5:11am Feb 5, 2016 5:11am
NFP Feb. history from 2008-2015

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