Payroll Turd Polishing

This is a discussion on Payroll Turd Polishing within the Economic & Fundamental Analysis forums, part of the Methods category; yup. GBP/USD has just gone 100 points north.. might be pricing in the 3pm data? Tom Hougaard has a drop ...

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Old Mar 4, 2005, 3:18pm   #81
 
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yup. GBP/USD has just gone 100 points north..

might be pricing in the 3pm data?

Tom Hougaard has a drop from 3pm til 6pm

the man is a bit of a dude when it comes to this - but watch for inversions..

http://www.tradertom.co.uk/analysis.htm
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Old Mar 4, 2005, 3:22pm   #82
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Think I might do the unthinkable and change my stop! Might move Euro to 1.3225 resistance as I am hoping it will reverse later today and do't want to get stopped out. I think it will be a day a volitilty today..... Up n Down like a brides nighty
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Old Mar 4, 2005, 3:35pm   #83
 
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Quote:
Originally Posted by G-Man
My money is on 251, and a big push for the dollar. Cable just staying above support at the moment, (19050-60). We could see 18900 if the numbers are big enough.
Looks like I got that one wrong then!!!
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Old Mar 4, 2005, 3:44pm   #84
 
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ah well, whats 300 pips between friends...
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Old Mar 4, 2005, 3:49pm   #85
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Anyone entering a trade at this point or are we just monitoring existing trades. Going short on GBPUSD if it hits 1.9225 - not long to go! Anyone else going against the trend ?
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Old Mar 4, 2005, 3:59pm   #86
 
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Quote:
Originally Posted by FetteredChinos
ah well, whats 300 pips between friends...
$6,000 at $20/pip.
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Old Mar 4, 2005, 4:01pm   #87
 
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Quote:
Originally Posted by affirmer
Anyone entering a trade at this point or are we just monitoring existing trades. Going short on GBPUSD if it hits 1.9225 - not long to go! Anyone else going against the trend ?
Also have a short order at 19220. Will have to see how that one goes.

As an aside, I have a test auto execute program running on IBFX which has posted some good gains since the NFP. Shame I can't swap those results for live.
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Old Mar 4, 2005, 4:05pm   #88
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Its been one of those annoying afternoons. I wait for the data to be released so as not to get stung by swings....enter my trades and make £1500 on S&P £450 on DOW but I'm losing £2000 on the euro!!! SO 50 quid down at the moment. I am hoping the dollar stregthens quicker than the indicies weaken from their highs
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