Payroll Turd Polishing

This is a discussion on Payroll Turd Polishing within the Economic & Fundamental Analysis forums, part of the Methods category; Good report but dollar falling. Ummmm.......

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Old Mar 4, 2005, 2:36pm   #76
 
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Good report but dollar falling.

Ummmm....
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Old Mar 4, 2005, 2:37pm   #77
 
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Quote:
right selling this 10870..
used to be resistance.......any thoughts that it might now be support.......?

we'll see....

The U.S. economy added 262,000 jobs in February btw.....

I'm just trying to work out who gets the paper hat.......?........
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Old Mar 4, 2005, 3:02pm   #78
 
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nice call TS.. you gonna go back and edit your posts to make sure you were spot-on again?

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Old Mar 4, 2005, 3:10pm   #79
 
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nice call TS.. you gonna go back and edit your posts to make sure you were spot-on again?
tsk - shocking sour grapes........!

but I'd be feeling a bit sour as well if I were holding those underwater shorts......

and you can have a virtual paper hat as well if you really want one....!.....
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Old Mar 4, 2005, 3:15pm   #80
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Done well on equities post report but £ and Euro going the wrong way!!! Can anyone explain why after a small spike the dollar has weakened on this data. Do we think there will be a reversal in 10 minutes when the yanks arrive at work?
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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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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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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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Old Mar 4, 2005, 4:10pm   #89
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Originally Posted by G-Man
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.

I always use to think that on my demo account - but as soon as I went live it all changed! I didn't run it long enough to bulid a big picture. How long have you been running the auto execute on IBFX?
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Old Mar 4, 2005, 4:12pm   #90
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I bet the £ tumbles now having not hit 19220 for you or 19225 for me!! - looks like some consolidation is starting in the Euro aswell now
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