Day Trading Trends post NFP

What happens on the mornings

when price is far away from the EMAs on the 1-hour charts ?

It’s not really wise to place an order when price is too far away

from the EMAs ...

you may be BUYing high or SELLing low, comparatively.

It’s best to wait on a pull-back / correction in this circumstance.

I like to use the 5 min. timeframe, with it’s EMA crosses,

to enter pull-backs in the direction of the 1-hour EMAs / trend.

Daily Trends following the NFP

The GBP/USD is showing me the greatest favor, so far, today out of 4 majors :

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

The EUR/USD & the USD/CAD aren’t trending nicely so far.

I have a BULLish bias on the USD/CAD after the NFP reaction, ...

also BULLs on the EUR/USD at the moment, both have remained pretty much sideways.

Definitely favorable for scalping (covering my behind with break-evens / slight profits)

I'm in a EUR/USD BUY now from 1.36381 ...

at break-even on the USD/CAD ...

nothing going on, for me, on the AUD/USD ...

should’ve went with the USD/JPY instead (I knew it ٩(͡๏̯͡๏)۶)

3 members like this

Comment by Lisa on February 1, 2013 at 9:59pm: “One good trend pays for them all” ♪♫•*¨

Comment by Peter jcp on February 1, 2013 at 10:08pm: Got to admit the GU was a far easier trade than the EU. When the EU bounced back up 120+ pips - the GU carried on falling - I missed all that but had 3 trades early on the pair - before all the fun of the 10am NY / 3pm UK news ;-))

Have a great weekend

Regards

Peter

Comment by Lisa on February 1, 2013 at 10:14pm: yeah ~ I’m too tired to post just now where I’m at with the other pairs.

I did take one good long on the EUR/USD using the 5 min. trend.

Talk at*cha all later ~ have a good one ❀

Comment by Lisa on February 4, 2013 at 4:11am: closed-out all trades from Friday NY time, Sunday night ...

BEAR cross on the 1-hour EUR/USD counter to the main trend :

The GBP/USD was the only significant trend of my 4 majors following the NFP :

BULL cross on the AUD/USD :

Following the consolidation on the USD/CAD ...

price traded on the SELL side with a BEAR cross, but without much follow through :

EUR/USD +27*pips*

GBP/USD +124 *pips*

AUD/USD +13 *pips*

USD/CAD + 10 *pips*

Photos