Peterma said:
Guys, this is my puzzlement.
You guys affirm that the fundamentals are already 'priced in', so therefore I must disregard that nonsense, so my question is - at what point did today's NFP (you cannot get more fundamental) get priced in?
Was it in my first chart on Tuesday where I was a seller, was it the next one on Wednesday where again I was selling or was it yesterday switching and being a buyer?
Imo, this is exactly where FA and TA meet, I mentioned earlier to think the why of divergence, today was that why.
This is more succinct than I could explain it:
a little Shopster rant/wisdom:
"watching the funny mentals is for losers.
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.........the news has nothing to do with it.
it is an excuse to run price , jam up the retail traders, open the spread and blow those out running short on the edge of their margin.
" bank traders do not give a crap about the news. ........"
i repeat.........
" bank traders do not give a crap about the news. ........"
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their job is to take your money. ........period
they will run it down, blow the longs out, DB or DT the market , poke it out the bottom for the break out short traders, grab the pendings and get them short. then run it up or down out of the zone so they are jammed. this is called the reset."
Also they can only do 3 things and the IMF controls the max points per day banks can run a pair.
they are not allowed to ruin an economy. Hence the ADR number on the pairs."