OK, promised a while back I would start a FA thread, so just to liven this place up a little I waited for what many in the FX world would argue that is the feast day of fundamentals - NFP. There are even TA-only guys who are so afraid of the first Friday that they stay out of the market! - mind you I'm guessing that bit, but I've seen the posts about it being a lottery etc etc. Hmmm... I am digging a hole here, next month I can sense the challenges, ah well, hands up, I only trade them when FA says it's ok, doesn't happen often but I had a sense today would be one of those very special days. Spotted a TA specialist, guru, marketer, salesman, whatever, say in a webinar that the one indicator that all traders must never use is ........news - apparently people pay him for this info, along with a special secret indicator with a fancy name (it is 8/15 ema crossover), anyways I digress. Today, I shorted Eur/Usd at 13.28 gmt - and then after the release closed a 3 day short on the S&P. Both trades using the dreaded 'do not use' tool. The s&p did use some etf and ta analysis, but was influenced by FA the fx trade today had zero input from the charts, hadn't even a chart open, just sell at market 2 mins before NFP. Why was it so simple? - well think about this, if you are a really smart central banker, lots of big offices, staff, computers, sizeable budget, appointed by committee, approved by the Governors, would you want to look silly before the entire market, would you say something contrary to the information on your desk? So when you make a hawkish statement, sending the USD upward on Oct28, would you then expect a bad NFP a week later?, some might think she is stupid, but she's not that stupid. So then why did price meander up after FOMC? - elementary my dear Watson, they call it manipulation, after all some of our banker friends left their unfilled sell orders in that gap - they spotted the likelihood of today in a flash. Any other way a little person could see this? - yep, fx went back up, the gold traders didn't get manipulated, they just kept selling since FOMC. Oh, the S&P thing, pretty sure that it would react as it did, increase in rates is knee jerk bad for stocks, problem was that the S&P, after a quick knee jerk down pushed on up after FOMC, I just traded that on up, Monday and new month, mutual funds into stocks, all sorts of theories, who knows, but I exited that long when the ETF's said to do so, then just shorted in the run down to today - it's all that simple Lol, GG, I'm stone cold sober, well for now, but give us another look at the wee guys on the bouncing balls. Jeronimo, I'm thinking maybe my favourite, well one of my many favourites, the Willburys?