Quote:
Originally Posted by Linuxser
This is not the first time I have saw this behavior and let me explain a little from my short experience. In my first I has been burned many times trading these days.
First is one of the "motos" of technical analysis: market discount everything.
Thinking as TA traders we should think the NFP news was already embedded in previous price behavior.
One of the best examples and demonstrated by statistics is that market moves are more powerful during FED meetings than when the interest rate announcement days.
A fundamental trader could tell you: Yes, NFP was worst than expected but Unemployment rate was better than expected. So, economy is with health yet.
Back to TA it's interesting tho see the big divergence in minutes, h1/h4 CHF today. Same for EUR and GBP. That's mean something.
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Hi, Linuxser!
Do you think trading is a fair play?
Why do you think FED released its news about 200b action a little bit after NFP?
Why do you think EU is being sold now when we all know FED will cut again?
Why do you think USDCAD did not go down with that astonishing Cad Employment data on Friday?
Why do you think USDCAD has not gone down today with that gorgeous Housing data?
TA is just a tool to help you take a decision. Trading is gambling specially in a non regulated market as FOREX.