Friday, August 1, 2008

NFP

There wasn't downside pressure with bullish news for USD so I chose long side. It was unusual NFP without big swings. I waited enough in that trade cutting my beach time ; ))

+12 pips


4 comments:

ORION MACHINE said...

Fuck dude, i fucking missed it... I lost track of my days and thought today was ADP NFEC.... That was Wednesday... Oh well, I missed out on 50 pips because my orders would have went straight into the money with no stops getting hit. I waited all month for this and lost track of crap. I would blame it on distractions but then what kind of role model would I be? :) glad you made some pips.

ORION MACHINE said...

...and just a word of caution to you as well. that huge move down in the beginning was a lot of selling (duh) its not wise to fight that type of move, especially on a day like today. your fortunate prices reversed. I would hate to see you get caught up in a snowballing loss...

FX said...

It was bullish news for USD and with downtrend last few days I would expect strong move down. It didn't break through yesterdays low, so all this is fade signal for me.

I didn't expect range like it was, it's new for me on NFP.

So that's way I chose long.

ORION MACHINE said...

See I am feeling just the opposite, I'm feeling its ranging because the market HAS been down so much. If anything I would have guessed an upside break maybe, but I still would have bracketed it so it doesn't really matter.