Recent content by Paul Onakoya

Josh, I recommend you buy and study Joe Dinapoli's book "Trading with Dinapoli Levels" to fully understand what Sive is talking about it. All the directional patterns like DRPO, B&B (bread and butter), H&S (head and shoulder), etc, are all described there.

sive's timezone I think Sive is on GMT (UK time).

flight to safety It's called flight to safety due to risk aversion. If there's global economic problems the USD and JPY are the safe haven currencies that people buy. Therefore, both currencies should automatically strengthen.

The craziness of news trading :) This hit crazy cat's trigger and moved 50+ pips. Don't you just love news trading! Previous triggers didn't show this type of reaction. Oh well...

After more research... After more research, I concur with crazy cat and west coast pips that this report is really crappy. There hasn't been a big enough deviation in more than 3 years so there's no point even bothering with this one. Wait for 1.5hrs and trade the retail sales instead with 1.7%...

After more research... A little research shows that the report is indeed crappy. However, on July 24, 2007 the deviation was 1.7% and USDCAD moved 69 pips. Yes, this was almost 3 years ago, but this is shows that with a big enough deviation price will still move. Who knows, we could be in for a...

Isn't it supposed to read 10k not 27k?