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just a minute b4 the annoucement, i was still contemplating to long or short. the forecast on NFP was good, but i was kinda draw-back when the ADP NFP Change on wednesday was below forecast. i short close to day high on Aud/Usd, setting S/L @ 5 pips above day high, which was about 20 pips away, much less than 2% MM. price will breakout either way, so no point setting it far away if it break-up u juz gonna lose more, thats how i felt. My take-profit was set on the next fibonacci. well, didnt get to ride the whole stick, but some encouragement during my study period, opps.. so guilty. anyway here is the report:
(Courtesy of ForexFactory.com)
USD Non-Farm Payroll Change: -190K (Actual) -173K (Forecast) -263K (Previous)
USD Unemployment Rate: 10.2% (Actual) 9.9% (Forecast) 9.8& (Previous)
Both Reds. and you wonder why majors (except for Usd/Jpy) spike towards the dollar? Beats me.
i love riding on retracement but i think i shall call it a day. have fun everybody, i need to go back to my books, wish me luck on my exams.. i wish u luck on ur trades :)
Black
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