Trade the waves~

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Trade the waves~

Elliot-ish.


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    7 Dec - 11 Dec news

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    niea
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    Post by niea Mon Dec 07, 2009 2:09 pm

    Post NFP news:

    I didn't watch bloomberg last Friday night so I just don't understand why NFP figure is good (smaller figures) but Dollar getting stronger that night?

    By right(as my logic tell me), Dollar should be weaker because unemployment figures has improved showing sign new jobs being created...

    Unemplyment figure drop frm -111k to -11k (huge different)

    Can it be, the good news has been factor in the price before Friday night announcement?
    As u can see GU & EU price climbing upwards since last Monday until Friday...

    Or I'm missing some important points here? Some other issues, troubles brewing with the world/ US economy that I'm not aware of?

    Link frm Bloomberg on yen movement:

    http://www.bloomberg.com/apps/news?pid=20601087&sid=ayQbwy0dhGoQ&pos=1
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    Rd
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    Post by Rd Mon Dec 07, 2009 2:30 pm

    I thought... unemployment figures improve = US economy good = USD up?
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    niea
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    Post by niea Mon Dec 07, 2009 2:59 pm

    Actually I also not very sure, but based on my previous experience as I see and believe ....

    economy good -> stock market rise -> bond price fall -> ppl go for risky asset that hv higher interest -> left Dollar -> Dollar weaken

    * Bear in mind: Dollar always known as safe haven

    But last Friday shows that relationship bet. good economy & Dollar has changed; stock market moving in same direction as Dollar...
    not sure this changes only for that night or beginning of new trend

    Article abt last Friday:
    http://www.safehaven.com/article-15209.htm

    http://www.forexblog.org/
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    Rd
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    Post by Rd Mon Dec 07, 2009 3:11 pm

    I like this:

    "America Is Back"

    (said in tone with Terminator)
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    Rd
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    Post by Rd Wed Dec 09, 2009 5:45 pm

    hard to trade today. EU and GU fluctuating a lot. 4 pips and it hit my trailing loss. that's it for today.

    DECEMBERS ARE TRADERS HELL

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