Tips & general help to make you a better trader by 
Not really much action going on right now. Interest rates out in line with expectations and GBP was a little surprise with the move teat developed, as mentioned in the training room I was anticipating a move down to range support lows at 1.6900 level but not a move through it… a distinct lack of follow through just like post news moves earlier in the week. For me ATR done on this cross rate so I’m looking for a more significant retracement to at least 50% of toady’s price action before committing to a new trade… letting the potential come back in my favour.
Euro and Swissy showing aggressive range reversal set ups and conservative entries just about to set up but not triggered yet. break outs are also still an option here. Although given the time of day doubtful we will see too much movement ahead of tomorrows NFP release.
The only other pair that is setting up for me is EURJPY with a break out.. so far one break even trade and looking for a re-entry.
3 trades so far today 1 stopped out for BE 2 open and managed to break even so the only thing I’m loosing so far today is my time invested in these trades, and to be quite frank I didn’t really expect anything to set up at all today.
Most likely I will see price continue to bounce of current S/R levels until post new tomorrow.
Not banking any profits (at least not yet) but at least I’m certain not to loose any money today.
whatz the reason behind that?
In NFP data gpd ,euro , chf ,jpy………. give big correction.
but CAD, didn’t give big correction.. WHY?
plz told what the reasond behind this…
and do u think they give correction upward side or when????
thankz.
and waiting ur response…
I stopped asking myself why these things happen a long time ago and found that my stress and confusion levels dramitcally dropped.
there were soem big moves as a result of NFP data… with USDJPY seeing more than 200% of an average days move. GBPUSD didnt move as much and only represented about 80% ATR. USDCHF why did this move? most likely on the back of Swissy banking intervention and as a result EURUSD was also moving in harmony. so why didnt USDCAD move as much… CAD holding strength as its my understanding that there has not been the same degree of quantative easing that other countries have already started.
Answer over simplified but I’m sure that the comments will lead you do some more digging and has been on most of the news wires as to WHY for the last several months