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fairwind · 10-01-2005, 01:36

Hi folks,

Thanks for the responses. Wallace's comment is one I want to believe as it would be a lot simpler for trading:

"...Generally, releases don't appear to result in trend changes, they are, from my point of view, interim betting 'opportunities', a little excitement in the otherwise pedestrian passage of the price movement...."

Last Fridays Non Farm Payrolls is a case in point, as he points out. Intraday reversal in EUR/USD from about 10:00 gmt at R of approx 1.3250, pullback without a new high, and then continuation of reversal to 1.3050 levels.

Thanks again folks and

Good trading to all........................

10-01-2005, 01:36	#4
fairwind Pro Trader Join Date: Aug 2002 Posts: 385 Downloads: 3 Uploads: 0 Rep Power: 0	Hi folks, Thanks for the responses. Wallace's comment is one I want to believe as it would be a lot simpler for trading: "...Generally, releases don't appear to result in trend changes, they are, from my point of view, interim betting 'opportunities', a little excitement in the otherwise pedestrian passage of the price movement...." Last Fridays Non Farm Payrolls is a case in point, as he points out. Intraday reversal in EUR/USD from about 10:00 gmt at R of approx 1.3250, pullback without a new high, and then continuation of reversal to 1.3050 levels. Thanks again folks and Good trading to all........................ __________________ Good Trading to all........ fairwind Last edited by fairwind : 10-01-2005 at 01:49.