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08-01-2008, 09:08 AM
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Join Date: Jul 2008
Posts: 147
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Quote:
Originally Posted by Bibi
As I expected. But.... made a loss on trading... doh... still long and waiting for maybe 1,5570
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Hi
Been going long before numbers came out ?
I usually wait the very big first drop / rise so between 3-5 mins on either 5 or 1 min chart when playing news and play the countermove which is usually good for 1/3 or more of the range - maybe 1,56 still possible today....
GL! |
08-01-2008, 09:09 AM
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Technical Trader
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Join Date: Apr 2004
Posts: 1,908
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Quote:
Originally Posted by stryker
same here, closed all but 2 at 40,
stops now at 5512 for one and 5488 for the next one...
lets see how it roles, yen looks like a clear winner so far......
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inow that 5527 is withholding or seems to be i have my stops at 5523 that is 5 pips below my entry points.. i see next hurdle at 5560 and above that 5580, then we are home free...
this nfp from here onwards cannot hurt, now looking for move to new highs..
lets see how this roles out........
GL ALL.....
EDIT::
the rally should accelerate once swissy can start staying below 1490........
REEDIT:
closed one more lot at 5553.. remianing one stops at breakeven........ n looking for new highs....
GL..
__________________
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us—
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
Last edited by stryker; 08-01-2008 at 09:25 AM..
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08-01-2008, 09:10 AM
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Join Date: Jul 2008
Posts: 37
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Quote:
Originally Posted by b3nni
nfp number lower so better , unemployment higher by 0.1 ....mixed or slightly better - can see the hichhack and pretty small movement in the charts - guess well have to wait for next weeks numbers for further moves .....1,57 to 1,58 seem to be out of reach at the moment -
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Initially it seems that USD bulls like these numbers. In the big picture I think the numbers were not the best. At the end of the day unemployment has increased by .1 more then the estimates and loosing jobs at a rate of 50k per month is not great for any economy. I also belived they revised June numbers indicating a greater loss in jobs last month then initally reported.
Although I am a basket of nerves I am still long with target of 15700, dont mind holding as I am getting paid to hold via roll over fees on the long side. |
08-01-2008, 09:14 AM
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100 Post Club
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Join Date: Apr 2005
Posts: 252
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Quote:
Originally Posted by b3nni
Hi
Been going long before numbers came out ?
I usually wait the very big first drop / rise so between 3-5 mins on either 5 or 1 min chart when playing news and play the countermove which is usually good for 1/3 or more of the range - maybe 1,56 still possible today....
GL!
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Complicated... was nothing until news came out. Went long at 1,5545 and got stoped at 1,5520. Went long again at 1,5550 and got stoped at 1,5528. I think that would be enough for today.
Was betting on breakout but.. non occured. Will cover loss next week (hopefully). |
08-01-2008, 09:15 AM
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Join Date: Jun 2008
Posts: 1,111
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Quote:
Originally Posted by Jayson Wonder
Initially it seems that USD bulls like these numbers. In the big picture I think the numbers were not the best. At the end of the day unemployment has increased by .1 more then the estimates and loosing jobs at a rate of 50k per month is not great for any economy. I also belived they revised June numbers indicating a greater loss in jobs last month then initally reported.
Although I am a basket of nerves I am still long with target of 15700, dont mind holding as I am getting paid to hold via roll over fees on the long side.
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If the exchange rate went steadily up or steadily down, there would be no room to play. So, of course, like I have said before, if you can wait, you'll make your profit. BUT, it is no longer bash the dollar. Eurozone's locomotive Germany is no longer steaming ahead. Look at BMW, look at Deutche Bank. Yes, the US is in dire straits, but, the situation here is a few months ahead of the rest of the world. Bottom line? The tide is slowly turning towards a stronger $.
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08-01-2008, 09:16 AM
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Join Date: Jul 2008
Posts: 147
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Quote:
Originally Posted by Jayson Wonder
Yes, it si a bit disapointing for those who went long. I am glad to see that there was support to keep us above 15500 at leat for the short term. I am not the best at technical analysis but I am thinking that this 15620 range should hold for the rest of the day which should keep most longs in play.
GLTA,
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1,5514 should be holding as its trendline support on weekly chart back to mid August 2007.....BUT wait there are more news today - we get ISM in about 45 min this could be bringing more momentum ... |
08-01-2008, 09:19 AM
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Join Date: Mar 2008
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I don't know guys, I had a feeling the numbers might be 'softened'. Some big bears are sitting on the USD and they want a stronger dollar.
I had 2 trades, small ones, but anyway.
I went long and got stopped at 5620 (cmellon you owe me money :-))
The other was a straddle that was profitable to my surprise, because I expected horror stories, like in the past. However, the good thing is that next time at a big event I can risk some more on the straddle strategy. So, all and all not bad and a good lesson learned.
Oh btw, I also went short on the swissy and came out with small profit, went long on GBP and got stopped. Man, these pairs have been trading in a range for months and I decide to go in and they break out of the range.:-(
Nice weekend everyone! Guilder, don't iron the baby.
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08-01-2008, 09:19 AM
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Join Date: Jul 2008
Posts: 31
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Yeee Hawww
Long @ 1.5535 S/L @ 1.5520 S/L @ 1.5580 and subject to move
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08-01-2008, 09:27 AM
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Join Date: Apr 2008
Posts: 1,495
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Quote:
Originally Posted by Ilovepippin
I don't know guys, I had a feeling the numbers might be 'softened'. Some big bears are sitting on the USD and they want a stronger dollar.
I had 2 trades, small ones, but anyway.
I went long and got stopped at 5620 (cmellon you owe me money :-))
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LOL, Ilovepippin. Sorry to hear that. I actually wrote another post that I cancelled my trade since price hasn't moved and it's near NFP. It's a good thing I cancelled my trade with small profit, since otherwise I would have been stopped out too. |
08-01-2008, 09:34 AM
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Join Date: Jul 2008
Posts: 37
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Quote:
Originally Posted by b3nni
1,5514 should be holding as its trendline support on weekly chart back to mid August 2007.....BUT wait there are more news today - we get ISM in about 45 min this could be bringing more momentum ...
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What are your thoughts on ISM index numbers to come. Do you all generaly think this will be much of a market mover? Consensus is 49.2. Half an hour to go. |
08-01-2008, 09:37 AM
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Join Date: Jun 2008
Posts: 1,111
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Numbers
So, if I'm reading this correctly, dollar bulls are relieved that the numbers were even slightly better than expected, but, on top of that, weak enough that the oil traders are still worried about demand. So, oil at this moment is weakening, and this should help the $. Isn't it nice to live in a perfect world?
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08-01-2008, 09:38 AM
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Technical Trader
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Join Date: Apr 2004
Posts: 1,908
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is it just me or the price action is stuck b/w 15-20 pips.....
we need to be avove 5580 soon ir this could reverse in a flash..
__________________
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us—
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
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08-01-2008, 09:51 AM
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Join Date: Aug 2006
Posts: 197
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OK, im down about 200pips on the day so far. no reason to stop now. oversold is an understatement atm. the US still LOST 51k jobs (which will be revised higher....) and the unemployment rate is a FULL 1% higher than a year ago. i added another 2 lots long @5545 ws/l set at 5510. back to the grind. cant always win
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08-01-2008, 09:52 AM
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100 Post Club
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Join Date: Apr 2005
Posts: 252
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Quote:
Originally Posted by stryker
we need to be avove 5580 soon ir this could reverse in a flash..
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There is news at 15.00 GTM (10 minutes). That could fuel up the rally or it can push down price to new lows.
NEWS: ISM Manufacturing. |
08-01-2008, 09:55 AM
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Join Date: Jul 2008
Posts: 37
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Quote:
Originally Posted by rickos69
So, if I'm reading this correctly, dollar bulls are relieved that the numbers were even slightly better than expected, but, on top of that, weak enough that the oil traders are still worried about demand. So, oil at this moment is weakening, and this should help the $. Isn't it nice to live in a perfect world?
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Oil is moving up |
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