Thanks for all your replies - what makes this business so interesting is all the different interpretations of the same events. I guess I went for a more fundemental approach and ignored the basic technicals that were set up....... and I interpreted the fundementals wrongly!
I also would have...
Read that totally wrong then!! Went long not long after the announcement and currently down 127 points. Its a June contract so I'm debating whether to cut my losses now or ride out the downtrend and wait for a bounce to at least breakeven. Any thoughts?
I assumed that as the statement was not...
Did you cancel your short? I seems overbought for the day though - RSI is through the roof. Where is it going for the rest of the day? I'm still surprised it didn't go the other way after the data
The Euro and £ has shot up since the US data was released making investment in USA companies cheap for Europeans so I think it will continue to rise for the next hour but when the Euro markets close will we see the sell off?? I still don't understand why the dollar has weakened after this...
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?
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...
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 ?
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
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?
What happened to the bullish sentiment following the inverse head and shoulders? Are we expecting a pullback to10700ish before a big bounce or is there some technical reason why something has happened to counter act the H&S. ChartMan we need you!!