I dont think the point of this thread is convincing each other how to trade. I already went short on cable at 75 and long at 65 not sure about stops yet but ill set them closer to the news, for now ill let this straddle alone

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market ( especially EURUSD) is completely directionless, so i guess the break out will be large when the news come out, since it is friday im more USD bullish without any particular reason, only because it is friday

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WHy is it so quiet? and where is everyone?

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oh yeah , here is antoher interesting link. It shows current open trades with green lines indicating profitable positions and blue lines (big majority ) showing unprofitable ones. url

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AHHH you stole my thunder )) i jsut got home and wanted to post the link but ohh nooo someone else did it I personally dont know how accurate this as a reflection of the market sentiment but i guess that oanda beeing a large broker can offer ...

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WELL it usefull to a certain degree limitations of it are: 1. it is open orders only so when someone decides to buy or sell without putting the actual order it will not go there 2. IT only represents people loike us, and we mey not be suffiecient ...

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just noticed that there is a lot of open ordrs to sell pound. Top-right quadrant: Buy orders at a price above the current price Bottom-right quadrant: Sell orders at a price above the current price Bottom-left quadrant: Sell orders at a price below ...

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Just noticed that the ISM Manufacturing Prices number was changed on FF to 53 i think it was close to 47 right after news release, or am i wonrg?

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Would be nice to see negative US news to have positive effect on USD rather than other way round

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B

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Of yeah it was, i thoought i ment to be out at 3gmt but released 15min earlier

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Im not sure if these are actual pmi index or is it some different index but there it is .... US Chicago Purch Mgmt Adj Jan Index 48.8 Vs Dec 51.6 US Chi Pur Mgmt Jan Prices Paid Index 54.9 Vs Dec 56.9 US Chi Pur Mgmt Jan Supplier Deliveries 52.2; ...

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1.95 seem to be welll defended there

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I also think tthat ADP lost some credibility plus there are bigger news ahead, such as GDP in 1 minute and of course the FED decision, another factor is that we had a nice move today so markets might be resting before the fed.

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url

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GBP/JPY down 200 pips from 12:00 gmt, yen is stronger across the board making other currencies weaker and I think this is having the effect on the GBP more than USD since GBPJPY rallied much more recently.

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Everyone intoxicated from watching the paint dry

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It rejects everything and starts going to the left

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As famous phrase goes- The market can remain irrational longer than you can remain solvent.

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what are the taxes like in luxembourg? do they bite ?)

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