Where did the crazy volitility go ? ? ?

This week has been like the days of old. We have been able to hear the report, make a decision and look for a little pricae action confirmation before getting in. Heck you can even get a painless stress free fill this way !

Anybody wanna bet if NFP will go like that???

yeah it feels like we are trading in slow motion.

Could someone explain their perspective on market psycology right now?
A so so PCE comes out and an hour later (15 min after Factory orders comes out) the market starts finally moving strong.
What is the market saying? I don't speak fluent price action yet...

Just a wild guess: people want to have as much money as possible in their accounts for NFP so not too many of them took a risk

Here some explanations on my behalf for the moves...

IMHO range breakout targets were hit, large fibs/small fibs and s/r levels held prices in as the market had already priced in a lot of things and was looking to take profit as well as feeling noncommitical before NFP, months end and weeks end.

Since we are not allowed to post large charts I will provide only clickable links to the images.

EUR/USD

USD/CHF

GBP/USD

EUR/JPY


Would love to hear comments on the charts, too

BTW these 161.8 and .786 confluences make good setups for (re-)entry with a small/tight stop if you think trend is still the other way...

Just a normal summer... can't wait for some nice trending markets after labor day...

While initially volatile, there was no crzy spike for non farm either. Very playable with a market order. While I love teh nano second spike that pays 50 pips clean, this isn't bad either.

I hate chaos. Give me nice controlled movements any time.

Preferably in the 200-300 pip range... :

You probably loved the pound today.

Yeah, double for me please... and some coke

Todays Canadian employment was sure a good example of the rocket spike.
So it paid all the folks who were filled and quick to exit.

It also paid the people who held through the almost full retrace.

It was the people with poor fills and too slow or fast to take profits that lost on this one. Market psychology was definately at work. I did not like the price action after the spike so I switched my attention to the pound and did quite well there.

Anybody ride the cad all the way??