Posted:
#101
I'm short EUR/USD, looking for 20 pips. Entered a bit ago at 1.3757
February Forex and beyond
Posted:
#104
Ok guys, I have a tip for you. Lately, I've been conversing with traders over at the mataf.net chatrooms. Many of these guys are good traders, so take it for what it's worth. I've been talking with this one guy who says to go LONG on EUR/USD tomorrow, just before the change in non-farm payrolls get announced (which is tomorrow morning at 8:30)
Just a heads up, take this info for what it's worth. And you guys should join in that chatroom, there are alot of very good traders there.
Just a heads up, take this info for what it's worth. And you guys should join in that chatroom, there are alot of very good traders there.
Posted:
#105
So they think payrolls will be good, thus bad for the USD and good for the USM.
Thats a risky wager given the adjustment for last month.
IMO if you think that payrolls are good and the USM will go up, go long the AU.US, it has a ton more momentum and action than the EU does.
Any comments as to their reasoning?
Thats a risky wager given the adjustment for last month.
IMO if you think that payrolls are good and the USM will go up, go long the AU.US, it has a ton more momentum and action than the EU does.
Any comments as to their reasoning?
Posted:
#106
Let me add something..
I think they WILL massage those payroll numbers..because if the numbers arent good enough, they will KILL this market tomorrow.
We are talking maybe down 300 again or more..if there is a hint that we are double dipping and payrolls are weak it will be nasty, especially if they dont hold 10k today..
I think they WILL massage those payroll numbers..because if the numbers arent good enough, they will KILL this market tomorrow.
We are talking maybe down 300 again or more..if there is a hint that we are double dipping and payrolls are weak it will be nasty, especially if they dont hold 10k today..
Posted:
#107
Wall, no reasoning given, I just asked the guy if he'd like to share his entry points, and that's what he told me.
You bring up some good points though Wall, he's basically hoping that the payrolls are gonna be good.. but you are right, they are gonna put those numbers in their best light.
You bring up some good points though Wall, he's basically hoping that the payrolls are gonna be good.. but you are right, they are gonna put those numbers in their best light.
Posted:
#108
read this just now:
***Census affect on Payrolls: Starting with Friday's data, payroll numbers will be skewed higher by the Federal government hiring thousands of census workers. Early last year, the Obama Administration announced that as part of the stimulus package, 1.4M workers would be hired for the 2010 Census. By comparison in the first five months of 1990 and 2000, the census bureau hired 330K and 515K workers, respectively, and workers rolled off the payrolls over the next few months. According to analysts, at the peak of census hiring this year, payrolls could be bolstered by up to 700K m/m, which could temporarily push down the unemployment rate by a full percentage point. The BLS does not officially break out the effect of census jobs on the payrolls data, but may give informal comment on census jobs after the payrolls numbers are released.
***Census affect on Payrolls: Starting with Friday's data, payroll numbers will be skewed higher by the Federal government hiring thousands of census workers. Early last year, the Obama Administration announced that as part of the stimulus package, 1.4M workers would be hired for the 2010 Census. By comparison in the first five months of 1990 and 2000, the census bureau hired 330K and 515K workers, respectively, and workers rolled off the payrolls over the next few months. According to analysts, at the peak of census hiring this year, payrolls could be bolstered by up to 700K m/m, which could temporarily push down the unemployment rate by a full percentage point. The BLS does not officially break out the effect of census jobs on the payrolls data, but may give informal comment on census jobs after the payrolls numbers are released.
Posted:
#111
I read through the dailyfx forums...lots of good traders over there and the instructors post as well in every thread...my boy Sean just closed a 400 pip trade today
Ive seen posts on both sides talking about the NFP #s...if its they way they think Ice i stand to clean up tomorrow on position im currently holding
Leaving pips on the table is something you have to deal with by just moving on to the next trade...i left a few hundred on NZD/USD and AUD/NZD just in the last few days...just part of the game
Posted:
#117
I have got to think that tomorrow is going to be another shit show unless these census workers save the day, but there is no way of telling. 50/50 shot I guess.
Made 140 pips today so far on EUR/USD and EUR/JPY short
closed both positions and will assess the situation tomorrow AM>
not a bad days work.
Made 140 pips today so far on EUR/USD and EUR/JPY short
closed both positions and will assess the situation tomorrow AM>
not a bad days work.
Posted:
#120
No im long EUR...shoulda jumped out the other day i wasnt down very much but it looked like 142 was coming...and now
SGD has moved against me but im down 88 pips and its just over $600....i only jumped in with one lot on this one cause i dont trade it often but ill work through it....ive been in worse spots
Posted:
#121
Dow tanking 200 pts on Feb. 4th blamed on Europe. One experts take that I wanted to relay:
"You could literally see the beginning of the breakup of the European Union now, especially the end of the euro common currency. It's a fundamentally flawed system. It is a failed experiment over there. This could get really, really ugly and we haven't seen the worst of it yet. Then you have Austria. Austrian banks lent billions to Eastern Europe and they can't get paid back. Remember, World War II started with a big Austrian bank failing back then. That was the beginning. You gotta add Ireland to the list here, they're in trouble. You could literally see the monetary payment system shut down over in the EU in some countries. It's gonna get ugly, my friend. A 50-50 chance the EU's going to fall apart, the currency. Here, too."
If this is true, what is the best way to take advantage of this prognostication through currency trading? Short all things EUR?
Thanks for any replies.
Posted:
#122
Not sure CDK...it seems like thats a bit early to be calling for the end of the currency...but what do i know...
Anybody else get some EUR/CHF after the intervention by the SNB??I been telling you guys for the last few weeks it was going to happen and they did it...300 pip move in less than 2hrs...
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