u got trapped in the spike up move

I'm not done kicking myself for missng the rounded top on CJ yet.

NFP is out but I guess you're the only one who can interpret it


This post has been edited by wodenus: Aug 1 2008, 08:52 PM

hehe the result of playing with fire NFP is where u cry a lot, either Happy crying or sad crying.

As for NFP explanation.

The result of NFP come out less than Market predict, so this makes the big USD bull. but the unemployment is higher by 0.1%. This one is where it stop the USD bull. Now the market had digest these data and settle down a bit and they are waiting for ISM to make their final move. This move will set the trend for the rest of the hours on this week.

Be my guess I calling a bottom of EU 5473 in near term. Lets see if I am correct or not

This post has been edited by billytong: Aug 1 2008, 09:07 PM

where got 1%, 0.1% oni

FIXED I got blinded yes it is 0.1%

Anyway key support 5473.

k thanks

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Added on August 1, 2008, 9:09 pmWho's ISM ?


This post has been edited by wodenus: Aug 1 2008, 09:09 PM

news report

ISM Manufacturing Index

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Added on August 1, 2008, 9:15 pmjust curious....u base ur resistance n support on what?

This post has been edited by dr2k3: Aug 1 2008, 09:15 PM

trend line maybe?

Base on my numbers, because euro likes to hit the certain numbers to bounce.

For example, lately euro like to hit 1.xx10-20 to bounce, return from 1.xx80-90 and also I base on the number of pips movement it move. For example if it move normally 60,80,150pips this season it will move that again and again. it is just a consistency numbers that it likes to stop and turn around there. Of cause I could be wrong sometimes.

and I notice 7 out of 10 times @ 3pm euro move down. If it didnt it will go more bullish later on. then on morning around 8am out of unknown reason, most of the time euro go up by a little.

atleast something to guide u....

i just base on my bar/candle.......no nothing until the bar tell me trend change, so i will always see my profit pips from 30-60 and then go back to 30 something like that.....always miss the extra pip

i think the ism wont move much coz nfp suck n trap too many trader inside

This post has been edited by dr2k3: Aug 1 2008, 09:37 PM

if u dont believe me try to pay attention on around the 3pm and 8am thingy +/- 30min in that time. it is not 100% accurate but most of the time I find it to be correct

And it is rarely euro move a lot after 1-2am more like settle down unless but news like Fed rate cut or last day of a quarter or last day of month, last friday of quarter, last friday of month.

EDIT
Besides i do use Candle too they are fairly accurate and more accurate during Asian hours.

This post has been edited by billytong: Aug 1 2008, 09:42 PM

whats ur trading hours....as in from what time to what time do you trade?

asian hour if they move one way/ big then good....if they move sideway very misleading

This post has been edited by dr2k3: Aug 1 2008, 09:44 PM

When I am free. It is Random

EDIT : Sideway for anything below 15-20pips range will be inaccurate.

This post has been edited by billytong: Aug 1 2008, 09:45 PM

ISM in a while.



This post has been edited by wodenus: Aug 1 2008, 09:58 PM

asian hour too calm.....not volatile enough to trade......especially for me....when clearly go down a while but out of a sudden it just reverse very big then stay there.....as in calm down

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Added on August 1, 2008, 9:48 pmmy chart tell me south....unless news can beat that

GJ,UJ south, if i didnt mess up the pair correlation....

EU north

This post has been edited by dr2k3: Aug 1 2008, 09:53 PM

Move or not is it not our power to decide. We are mini small fish.

we r just microorganism....not even small fish

okay ISM is in.. what's that mean? it looks like neutral to slightly positive if you ask me.. but I don't interpret this stuff

This post has been edited by wodenus: Aug 2 2008, 11:42 AM

LOL microorganism. I still sticking to my TV to see the grand final of "you think you can dance"...

Later will be back to PC and see what is all goes on.... I much too afraid that I will take any trade if I stick to my PC. Juz wait my sky to be clear enough.... Maybe 11pm, will go in and tengok tengok...

hai UJ trapped juz now...

It hits my buying point then straight away go down.

33pips expense.

Is it i not suitable to trade this? When i not get involve i can really accurate.
Till where it stop and gain.

Since i get involve lost...