Anyone trade this today?

forexcranium · #1 01-03-2007, 06:14 PM

Did anyone get a chance to trade the UK Manufacturing PMI today? For the most part, this report has been on a steady decline since september.

forexcranium · #2 01-05-2007, 05:02 AM

Did anyone's trigger hit for the US ISM non-manufacturing index?

Felix forexdiamonds.com ended up calling it a no trade.
Here is the link to watch it: http://forexdiamonds.com/video.php?v...nManufacturing

Stijn1234 · #3 01-05-2007, 01:54 PM

Also the IS-traders didn't go for a trade on this one:

http://blog.infinityshares.com/

tarek · #4 01-05-2007, 05:21 PM

i don't trade the news in GBP .

and believe me , i am happier this way .

i earn more now , than when i was trading on the news .

**jafar00** · #5 01-05-2007, 10:52 PM

Often just trading technically you catch the news runs anyway. The news is often already there in the charts. For example, I was already short e/u a couple of hours before NFP and just rode it down 90 pips before closing and feeling all smug and stuff

forexcranium · #6 01-06-2007, 07:58 PM

I think most people actually profited on the NFP this friday. I also did pretty good on the CAD Employment Change

Stijn1234 · #7 01-07-2007, 01:25 PM

The NFP of last Friday was a quite 'standard'-reaction in my opinion. The amount of profit will be different for the traders but most will have made a nice profit.

No panic jafar, a new week coming up to earn your money back!

**jafar00** · #8 01-07-2007, 09:42 PM

Quote:

Originally Posted by Stijn1234

No panic jafar, a new week coming up to earn your money back!

No problem. I didn't lose anything, in fact I profited quite well on my other accounts since I only use Oanda to play with and trade agressively hence my trading USD/ZAR which is a great pair to trade if you know what you are doing.
I wouldn't trade ZAR on my serious accounts though as it can just as easily burn you as make a nice profit.

forexcranium · #9 01-09-2007, 04:46 AM

Tomorrow will be a good one! The Australian Trade Balance. This report can give a very good trade, but only if it gives sufficient deviation. If it doesn't give sufficient deviation from expectation, it's very risky to trade it. I really like the consensus on this report, I've looked at opinions of 20 different economists and sources, and most of the consensus falls into a very tight range of between -650 to -950 million on this report. Many times the consensus is a lot crazier when it comes to trade balances. I'll consider a good average consensus on this report at -750 million. If the reading shows -350 million or less negative, it would be the highest reading on the trade balance since February of 2006, and therefore would be positive for the Australian dollar, and I may possibly go long on AUD/NZD. If the reading comes out at -1,300 million or more negative, it would signify even lower reading than previous month, and would be the lowest reading since May of 2006. If that happens, I may possibly go short on AUD/NZD, since it would be bad for the Australian dollar. According to economists' opinions, there is a bigger chance of a negative surprise rather than a positive surprise, but that doesn't matter to me, I'll just trade the number when it comes out. If you don't have AUD/NZD pair on your platform, you can also trade AUD/USD instead. If my triggers are hit, I will expect a move of about 40 to 50 pips on the AUD/NZD pair