ES Journal Archive (2009 - 2010)

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Quote from NoDoji:

Looks like NFP sucked, anyone know why the rally off the news? That was just silly price action.
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It seemed like just a head fake. The number was bad on all levels. Goldman was looking for -100k, we got -125k
Goldman was looking for +150k on the private sector, we got +83k
Hourly earnings were suppose to be up instead they were flat.

However, we've sold off like a mofo, so this garbage may have already been priced in.
 
Quote from Eko_Trader:

It seemed like just a head fake. The number was bad on all levels. Goldman was looking for -100k, we got -125k
Goldman was looking for +150k on the private sector, we got +83k
Hourly earnings were suppose to be up instead they were flat.

However, we've sold off like a mofo, so this garbage may have already been priced in.
More...

I saw the talking head news afterwards and I guess the unemployment rate being lower drove the spike, then of course reality set in :D
 
Quote from NoDoji:

Looks like NFP sucked, anyone know why the rally off the news? That was just silly price action.
More...

1. News like this shouldn't have a lasting effect.
2. Going into holiday weekends is generally bullish.
3. Yesterday's hammer on the daily could have signaled the bottom.

All in all I expect a positive finish today....
 
Did 1 trade profitable, then skipped another due to fear, but it would have worked out. Now listening to a chat room, and they are saying to be careful since traders may be leaving early due to holiday, so I don't think I will be taking any more trades today except in sim.
 
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