Market Insight From The Garden
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Thread: Market Insight From The Garden

  1. #1
    Having set up alot of thread here then I believe I must have one where I'll keep on updating.this thread is not ment for the experts and the gurus, it's ment for folks like me and you only trying to make some nib.before I proceed I will love to create an altar call to a point:1) Never let a winner become a loser2) logic wins, impulse kills3) never risk more than 2 percent per trade4) trigger fundamentally, enter and exit technically5) always pair powerful with weak6) being correct but being ancient only means that you're wrong7) know the diffeence between climbing in and adding into a loser8) what is mathematically optimal is plogically impossible9) risk may be predetermined; nevertheless payoff is unpredictable10) no excuses everif you can control 70% of the then you're in your path to victory, then performing the simple tradding plan makes it easier.as I stated in the thread NO FREE PIPS (nfp)we watched some bull euro that was credited to alot of thingsone the previous was revisedtwo the real data was overly goodthird the jump in unemployment datahaving all this is mind the eur/usd did proceed but for me am not done with nfp however, since there's obviously a retracement after a big move like this (but when is the matter ).but from the larger image The sharp rise in unemployment is likely to have a very negative impact on the psyche of the US consumer. While few individuals in US pay much attention to the intricacies of BLS accounting, many are aware of the direction from the unemployment rate and Friday's report makes clear it is moving in the wrong direction. As we noted in our article NFP analysis, The next important data point for the US market will be Retail Earnings due Thursday June 12th at 12:30 GMT. Given the fact that employment has suffered its fifth consecutive month of losses, the US customer is likely to retrench spending. For the time being opinion is greatly skewed in euro's favor, especially after yesterday uber-hawkish comments by ECB President Jean Claude Trichet. If next week's economic statistics demones as disappointing as the current NFP -- that the EURUSD could mount a different challenge on its recent document highs.enjoy

  2. #2
    Oopss

    just as planned. Finish on eur/usd with just few pips left and yet on gbp/usd as normal the reversal well just to keep it going, hope eur/usd to be sillent tomorrow if no outside force act on it and hope the cable to do same tomorrow thanks to greater PPI today.
    Enjoy

  3. #3

  4. #4
    Hmm the forthcoming event that could have an impact on this market is that the uk ppi nicely whether its print negativa with the completion of NFP as I espect I will ask a question that will we see 1.9577 on gbp/usd

    well only time can tell.

    enjoy

  5. #5
    Well a question I got wuz how did I understand the patterns that has occurred since last friday well my response is that am not an analys and I think we have good traders and analysts on there all I know throughout the years of my tradding was that chart pattern repeat itself.all I know and what I commerce is that I follow my chart.enjoyalthough monkeys do fall out of trees

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