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 Forex Trading Corver V3, How's Your Pips Lately? ^_^

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AdamG1981
post Sep 5 2008, 10:28 AM

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Yeah, i am just waiting to reshort. smile.gif

Just waiting patiently... wink.gif

Added on September 5, 2008, 10:29 am
QUOTE(billytong @ Sep 4 2008, 07:19 PM)
TP on 3 shorts, banking 1.5K Euros. Damn I wake up late >_> only manage to close @ 60s, 70s.

Now wait for red NFP to pull this thing back up a little to reshort.

Watch out for nFP, if NFP turn out to be very red, Dow jones will crash, and all the Yen cross will dive.
*
Nice,

I am also waiting for NFP to come out bad, but still euro and pounds will decline coz oil will drop heavily tonight.



This post has been edited by AdamG1981: Sep 5 2008, 10:29 AM
AdamG1981
post Sep 5 2008, 10:54 AM

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QUOTE(mphpopular @ Sep 4 2008, 07:30 PM)
I get burnt once very badly by NFP. Now langsung dont have the guts to trade during NFP.... Kena frighten out already. Haha.

Added on September 5, 2008, 10:47 amGuess is almost the another wave of DT again? Juz some thought from the price action... I waiting.
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Should be, NYMEX oil price action consistent to another DT coming. This would be the last leg down i think. Capitulation coming soon?
AdamG1981
post Sep 5 2008, 10:58 AM

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Will we see 1.72 tonight for GBP?
AdamG1981
post Sep 5 2008, 11:04 AM

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Nonfarm payrolls.
AdamG1981
post Sep 5 2008, 11:15 AM

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QUOTE(billytong @ Sep 4 2008, 08:07 PM)
U have to see how the Fed lie about the Job numbers. They are too good at telling lies. But if they tell the truth, I am not surprise we will see a red NFP. Yes USD does smells good, but a country that lost more jobs than the rest of the world? Still think Fall totally to USD? No way. I am Short EU with caution.

Previous few months u hear about more bank employees layoff, more big insitution layoff yet can dare to print green NFP and then put unemployment % higher. Mix Data. Higher unemployment with better NFP? come on which one is true?
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The more i think about it, the more i think that US FEDs going to cut IR first. Yet, you see euro and pounds rapidly declining. Why? That's because UK and Euro Zone are now experiencing the effects of US subprime crisis. US first got into the mess, and by right, US should get out of the mess sooner than the rest of the world. Hence, the dollar rallies to that concept.

We all know the data is all manipulated. Headline inflation few months ago was too low to be believable even. But the ADP numbers and jobless claims already informed the market that the today's NFP won't look good at all. Upon released, the EU and GBP should spike but will later retreat to new lows.

Why i say so ? Simple, with all the bullish news for oil (speculation that OPEC is cutting supply soon), and yet oil prices are still trying to climb up to positive territory. All the OECD and emerging markets PMI had been disappointing and it comes down to supply and demand, ECONOMICS 101. The oil and commodities traders know this very well and are not willing to push oil any higher.

The forex speculators know this very well, they are shorting EU and GBP after relief rallies.

Added on September 5, 2008, 11:18 am
QUOTE(kelvin_tan @ Sep 4 2008, 08:12 PM)
@adam
non farm payrolls? is that news in FF ? coz i'm only seeing non farm employment change.. both of it is the same ??
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Yes, same.

This post has been edited by AdamG1981: Sep 5 2008, 11:19 AM
AdamG1981
post Sep 5 2008, 01:21 PM

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My target shorting price is approaching. smile.gif
AdamG1981
post Sep 5 2008, 01:31 PM

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QUOTE(billytong @ Sep 4 2008, 10:24 PM)
4310 short Streamyx lag me to 06 >_>. nvm

Next resistant would be 4345-50, then 60.
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1.4310 is a bit too low for my liking. I was looking at 1.4330.

Guessed i'll join ya, short 1.4300


This post has been edited by AdamG1981: Sep 5 2008, 01:34 PM
AdamG1981
post Sep 5 2008, 01:44 PM

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24/5 baby! smile.gif Trade till you drop!
AdamG1981
post Sep 5 2008, 01:55 PM

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LOL!

And Iran says it wants to trade oil with euros! biggrin.gif


AdamG1981
post Sep 5 2008, 01:58 PM

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Billy, what are the chances that NFP might be alittle positive than what market expects?
AdamG1981
post Sep 5 2008, 02:32 PM

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QUOTE(billytong @ Sep 4 2008, 11:21 PM)
NFP will be negative. AKA below 0K.  tongue.gif Positive NFP will be a market Chaos and disaster.

If FED lie the public and give a marked up NFP number that is less negative than the market expected.

Trichet can hang himself because Euro will get Rampage by USD. Bernanke the dumb Central banker will be having fun with playing chess with tears dropping from his eyes that can fill a cup.
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I think it's going to be less than -75,000, they are forecasting. Why? It's because oil has come down alot and this somewhat allows smaller business to retain its employees. IF oil remained at high 140s, we will probably see a bigger loss in NFP.

Overall, i think its a positive NFP report; less than 75,000 economists are predicting.
AdamG1981
post Sep 5 2008, 02:56 PM

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QUOTE(HappyPic @ Sep 4 2008, 11:54 PM)
how much does u all usually put for stop loss and take profit?
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OT: I like the girl in your avatar. Who she?

Stop loss: 60 pips, TP: 10-100 pips depending on what mode.

Added on September 5, 2008, 2:57 pm
QUOTE(billytong @ Sep 4 2008, 11:39 PM)
yes but not too less negative like -10- 20K.

These are the numbers I do not believe.

Again, to make euro Bull,  we need NFP to print more negative than -75K, may -80 to 90K and have a bad employment rate of 6%. Other than that, i sticking to short Euro.
*
Of course, dollar is now SUPERbull! smile.gif

No matter what NFP prints, Oil will surely drop.



This post has been edited by AdamG1981: Sep 5 2008, 02:57 PM
AdamG1981
post Sep 5 2008, 08:35 PM

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Wah, i missed out good trades...hehe

Was sleeping.
AdamG1981
post Sep 5 2008, 08:41 PM

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WARNING: August unemployment rate 6.1%

WILL US FED cut??
AdamG1981
post Sep 5 2008, 08:43 PM

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Euro become tissue paper already lah

Even the Finance minister for Luxemborg say EURO is overvalued.

Added on September 5, 2008, 8:48 pmShorting time coming!


This post has been edited by AdamG1981: Sep 5 2008, 08:48 PM
AdamG1981
post Sep 5 2008, 09:04 PM

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QUOTE(billytong @ Sep 5 2008, 05:59 AM)
As much as I wish to short here but the Asian could do the diff if they see the NFP result Monday.
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Well, the US FED will most likely cut IR now. Poor employment numbers, slowing growth.

And yet euro can't manage to stage a decent rally....Hm...wink.gif
AdamG1981
post Sep 5 2008, 10:01 PM

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But euro to become toilet paper? Of course tissue paper better than toilet paper right???

Honestly, i think the FOREX market is taking into account that US economic will recover first. In the long run, we'll still looking into fundamentals of the economy.

I think ECB is smart in a sense that they are not propping up a stronger euro. Trichet only said the world wants a stronger dollar.



This post has been edited by AdamG1981: Sep 5 2008, 10:02 PM
AdamG1981
post Sep 5 2008, 10:49 PM

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Shorted @ 1.4318, closed @ 1.4274

44 pips.


@jc

The yen rapid increase is because of the unwinding down of carry trades. And this does not benefit Nikkei since Japan is an exporter of electronics and cars and heavy machineries. The higher the yen, the more the Japanese economy suffers.

What do you mean bout DJ to US?
AdamG1981
post Sep 5 2008, 10:56 PM

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QUOTE(kelvin_tan @ Sep 5 2008, 07:54 AM)
DJ = dow jones i think
he was asking if nikkei had any correlation with Japanese yen that will make the currency appreciate or depreciate..

same as does Dow Jones have any correlation with USD
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No, the lesser of the USD, the better for US multinationals. Exports will go up. This current bull trend for USD will hurt the US economy more.
AdamG1981
post Sep 5 2008, 11:13 PM

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QUOTE(dr2k3 @ Sep 5 2008, 08:00 AM)
usually when we say bull trend is for the USD/XXX right? or XXX/USD???
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Bull trend means agains all USD crosses. But in this case, yen is exempted.
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