Hmmm... Interesting it moved USDCAD by 100 pips now! drcole1, How do you straddle? it appears to me that you dont have SL on your straddles and rely on the other order as SL... THAT is how you can get your straddle to survive retraces...

Cad Cpi

Dreams DO come true! I shorted the Dollar in favor of GBP @ 1.8780 before NY cut yesterday thinking that all these good US news did no good to USD so I assume it was totally bye bye USD.... GBPUSD is now at 1.8850! I am targetting 1.8900, then ...

$ For The Week Of 10/16-With Some Trade Tips

I forgot that GBPUSD moves peak during 6AM-7AM EST. - which means NOW! Then it will fluctuate a little depending on how us reacts to it.. IT IS SO very tempted to click on the CLOSE.

UK GDP to have expanded in Q3!

A friend exclusively trading NF has been able to withdraw egold money regularly. Me personally, not yet; wire cost money and i may end up paying 25% to wire fees if I take small withdrawals. But I feel much comfortable with NF than IBFX. NF decides ...

Questions to all News Traders out there

I dont put it in terms of Lots but rather Risk. I first define how much money I am willing to RISK! then compute the number of PIPS I am willing to loose then go from there. Usually I set 5-10% risk. If I have $5000 and I want to risk 5% ($250), on ...

Questions to all News Traders out there

I was LONG (2 lots) way earlier than the news time. so it really does not matter if I straddle it or not. Got to be honest, I was lossing money when it kept trying to probe down 1.8660s several times... Now that the drama is over, GBP is strong: ...

UK GDP to have expanded in Q3!

Buy a dip or buy a break strategy. I agree. Either way, GBPUSD will still move up thereafter. USD is just too neglected now seeing how unfavorable are the factors concerning USD. Last Jul, UK GDP came out 0.1% better and GBPUSD spiked up only to ...

$ For The Week Of 10/16-With Some Trade Tips

Fresh off the news prints: More are clearing away from the USD. China still holds $1T; and they have been contemplating on EUR reserve a few weeks back (when strong USD sentiment abound) but averted as adviced by some european bankers then (remember ...

$ For The Week Of 10/16-With Some Trade Tips

I put money where my mouth is, so its either I blew my account or I go home run. Nahh.. just kidding. I am putting 10% risk for this one and ride it off to the sunset! Fundamentally, I am 95% confident this not going awry on me! For those undecided, ...

$ For The Week Of 10/16-With Some Trade Tips

I agree with this! In fact, I nominate that selected part of this thread be PINNED for everyone to remember! I'd recommend going Long on NZDUSD.. Not only is NZD really soaring due to commodities, it is also giving you Positive Swaps everyday. ...

$ For The Week Of 10/16-With Some Trade Tips

Rick Santelli of CNBC.. He has great insights as he is always dwelving with the traders on the floor. He has been showing that Fed up Fund index and correlation with USD Index etc.... ---------------------------- I am personally Long on USD vs EUR, ...

$ For The Week Of 10/16-With Some Trade Tips

An economist interviewed at CNBC came out saying that there is a strong correlation between US "New" car sales and Recession. He pointed out the different dates when New Car Sales dropped below -2.x% and a recession following a few months after. ie, ...

$ For The Week Of 10/16-With Some Trade Tips

The Fed Funds Futures picture a bleak USD for the future - the rates were going down; reason is the lack of any Fed rate hikes foreseen in the near future. Perhaps one of the contributing reason for the lack of USD sentiments in the market... + ...

$ For The Week Of 10/16-With Some Trade Tips

I see... So Its a matter of Demand for a particular money to pay off a merger. In your example, Aussies buying a British company. This would result in higher demand for USD from AUS and then converting USD to GBP. The total effect is lowered value ...

How does M&A support a particular currency?

US Unemployment claims fell below 300K; lowest in 12 weeks. Of course this is a minor news that does not have any effect on USD in the forex market - but is something the politicians would love to show off in their campaign paths.

$ For The Week Of 10/16-With Some Trade Tips

Something from IFR: So its the Dollar Index that preventing the USD sentiment...

$ For The Week Of 10/16-With Some Trade Tips

I have been reviewing Philly feds responses, and no I am not referring to the 1st few minute responses but on a longer time frame. I have noticed that upon release of Philly fed, it will dictate the trend for the rest of the day - albeit slowly but ...

$ For The Week Of 10/16-With Some Trade Tips

GBP got a big Retail Sales scare coming out -0.4!!!!! GBPUSD dropped 40 pips . YET Look at GBPUSD now!!! Its coming back up! If the Phil Fed fails to move USD, then it is official, USD Sentiment is DEAD!

$ For The Week Of 10/16-With Some Trade Tips

After the US CPI yesterday, USD gained strength against the other 3 currencies but weakened after the NY session: EURUSD dropped 45 pips and has regained 33. GBPUSD dropped 60 pips and has regained 20. USDJPY climbed 60 pips and has dropped 33. ...

$ For The Week Of 10/16-With Some Trade Tips