General Chit-Chat

[peat]

NFP or Non-Farm Payrolls is announced every 1st Fri of the month (Sat morning our time).
This employment statistic is considered one of the most important giving information about the growth of the US economy. Often it sparks high volatility in the USD and could be considered the highlight of the month for event trading.
Personally its a bit too risky for me to play as it often moves 50-100 pips in one direction before suddenly reversing , but sometimes I'll enter a trade after the dust has settled.

[roddy]

Hi Miner
we always used to get40-60 possums too, however the coucil poisoned the possums so last nite we only saw 2,we got about 12 hares and a couple of rabbitts,we also go fishing which i prefer to shooting,last time we got our limit on hapuka!
cheers roddy

[miner]

Hi slam can you log into your trading station?.

Cheers
Miner

[shane_m]

mate cant wait till US markets open, to go short....

[slam]

quote:Originally posted by miner

Hi slam can you log into your trading station?.

Cheers
Miner

Hi Miner
Sorry took so long to reply, was up your way and away from pc
FX Station fine. Have you got the new version?

Cheers
Slam

[miner]

No worry's slam yep have the new one,it was down the day I posted and next day got a sorry it was down email from them,eur/jpy and usd/jpy been good trading the last few days.

Lower pips is good except the spread you buy at changes,so buy say for 2 pip spread tonight and after the daily ends back up to for pips,sort of like buying a share for 10c today and tomorrow it costs you 11c.

Shane M why wait for the US to open look at the charts been ok today and busy from 6pm.

Cheers
miner

[peat]

Theres someone new started posting on the gvi forum called 'qwerty' from Andorra and hes made a couple of very good predictions lately. He posts with extreme confidence saying "You want risk free 80 pips? then...... just do this - dont ask , just trade" and posts precise targets, both of which have been quite quickly filled . Uncanny.
He did the Eur/Chf a few days ago and was bang on.
Last night he said at 7010 sell kiwi now for 6030.
I took 55 pips from it. Only a small trade tho.

[Steve]

quote:Originally posted by peat

Theres someone new started posting on the gvi forum

Hey Peat, where would I find this gvi forum?

[peat]

http://www.global-view.com/

[Steve]

Thanks Peat.

Another question re:CMC which you also use -

My account is in NZD, but say when I trade say the NZD/USD my resulting profit/loss shows up in my trading statements as translated to USD.

For Example:
Opening Equity Balance $1000 NZD

Sell $1000 USD @ .7010 = $1426.53 NZD
Buy $1000 USD @ .6990 = $1430.62 NZD

Closing Equity Balance $1004.09 NZD

BUT my statement shows:
NZD Balance $1000
USD Balance $2.86 (say based on current .6995)


Do you find that your profits/losses are being translated to USD?

I'm a bit confused?