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  • Minutes of the Federal Open Market Committee

    From federalreserve.gov

    The Manager of the System Open Market Account (SOMA) reported on developments in domestic and foreign financial markets during the period since the Federal Open Market Committee (FOMC) met on January 24–25, 2012. He also reported on System open market operations, including the ongoing reinvestment into agency-guaranteed mortgage-backed securities (MBS) of principal payments received on SOMA holdings of agency debt and agency-guaranteed MBS as well as the operations related to the maturity extension program authorized at the September 20–21, 2011, FOMC meeting. By unanimous vote, the Committee ratified the Desk's ... (full story)

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fomc is the best
Minutes of the Federal Open Market Committee
March 13, 2012

The link takes you to this note?
FOMC Minutes A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washington, D.C., on Tuesday, March 13, 2012, at 8:30 a.m.
PRESENT:
and boom goes the dynamite
More dollar strength...when will this lie end?
100 Pips per day can keep the bosses away.
How is it that within 5 seconds of the release of the minutes the price takes off? I don't care how many speed reading courses you take, nobody is going to read and absorb it that fast. Maybe they have scripts that do scan it for counts of certain key words?
Sure I have a trading plan. Buy low. Sell high. What's yours?
when fed's members fart shit appears on the chart
probably already know what it contains
so, what I do? Europe is good but Usa is better? or Usa is good and Euro is better? o both lie
man there is no script that is how feds and their friends steal others money )
it is dollar negative not positive soon the market will return back.
Quoting Trainman
How is it that within 5 seconds of the release of the minutes the price takes off? I don't care how many speed reading courses you take, nobody is going to read and absorb it that fast. Maybe they have scripts that do scan it for counts of certain key words?
algos are playing "show must go on" for US and making money for THEM..
if you get the move in right direction - ok, if not - peace...
Really helpful that the Minutes get loaded on the FOMC website 2 minutes after the publishing time and your pips just "Poof!!" goes up in a smoke!!
Make your losses in demo. Earn your profits live.
Maybe someone at FED realise that oil price is unsustainable, therefore no cheap oil for US of A in future, this equal no one will be able to afford to drive a tonner around to get a pint of milk with ZWD equivalent bucks. A nice and sensible move to "stablise" and address the rotten core financial problem in US really.

But with general election in US of A coming, expect to see more dirty laundry - likewise same here in Euro la la land.

Happy though to see HSBC nearly for the 4th time got break even at their 1.3240 level, lmao. Seriously any HSBC staffs reading this post, you folks needs to work on a better pivot line and start taking TP while you could.
I'm glad i didn't close my shorts.
Quoting Yonited
when fed's members fart shit appears on the chart

loooooooooooooooooooooooooooooooool
looooooooooooooooooooooooooooooooooool
Forex isn't an easy game ... it's only for professionals
I can only imagine what being bearish on the EUR/USD would've felt like!
Quoting oneightwenty
I'm glad i didn't close my shorts.
You are not alone I've just clocked in 1.5x more than what my daily trophy amount of pips - good time for fine tuning my indicators lol.
Quoting oneightwenty
I'm glad i didn't close my shorts.
Congrats!!
Make your losses in demo. Earn your profits live.
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Quoting Yonited
man there is no script that is how feds and their friends steal others money )
Indeed... That's just why i stopped trading around certain news releases and move my stops to break even cuz u WILL get bitten eventually. If it goes in my favor- fine but i'm not taking chances..
If you guys were paying attention to price movement you would have seen that this was anticipated...Bring up a weekly chart of GBPUSD (if this matters to anyone trading it,im using this as an example) some heavy resistance prior...Then bring up the 4hour chart, shooting stars, bearish engulfing patterns, price piercing patterns...This information was being saturated slowly as the price progressed upwards...Sellers push the price up, buyers bring it down..Liquidity Law...to go back to Fed members fart and shit appears, nah id say fed members get heart burn,,then the tummy rumbles..Then the by product of it.......FART AND SHIT lol
whatever the news maybe, lets go technical, it it breaks resistance then long, breaking support go for short!! profit taking moments yar!!
HSBC just got trapped in a negative zone - yippee!

Finally we can have a better range to trade than the bloody 1.33 area and I always type more than required
Quoting Forexia
Congrats!!
Thank you, when i saw that Goldman article about QE and the price action of today i thought about a possible pump and dump and gone for it.
25 pips in an eye blink, what a treasury island forex is
I scanned the minutes, there doesn't seem to be any new information here. Is the market just relieved that there *aren't* any surprises?
Sure I have a trading plan. Buy low. Sell high. What's yours?
so what is next?
>>>>>>>>BULL<<<<<<<<<
Quoting Trainman
I scanned the minutes, there doesn't seem to be any new information here. Is the market just relieved that there *aren't* any surprises?
That's what i think, yes. Also the bull-trap exploded.
can someone please tell me in 3 lines what the fed said???
all i see is gravity raining stones around me
recover
Quoting Trainman
I scanned the minutes, there doesn't seem to be any new information here. Is the market just relieved that there *aren't* any surprises?
There is absolutely nothing NEW in this minutes, if you read it closely it always says "the minutes SHOWS" not what the minutes SAID. So it's a case of pump and dump by big players. Nothing spectacular but good to see one of the sovereign bidders got busted (but for how long) as what they proclaimed
Quoting in10sif
can someone please tell me in 3 lines what the fed said???
all i see is gravity raining stones around me
I can tell you in 3 words "We are fked!"
Nah man, we are not fkd understand economics...America are doing good...Forex is about the build up of information translated into a chart...its really that simple. plus news and information is only a ..........steriod for the current trend either to break its trend or stimulate its trend...
Quoting jonahky7
There is absolutely nothing NEW in this minutes, if you read it closely it always says "the minutes SHOWS" not what the minutes SAID. So it's a case of pump and dump by big players. Nothing spectacular but good to see one of the sovereign bidders got busted (but for how long) as what they proclaimed
Then is this a case of, as you like to say, "rinse and repeat"? Since no fundamentals have changed at all, the market is swinging on rumor/sentiment alone. So, after the knee jerks outward, it eventually falls back to where it began?
Sure I have a trading plan. Buy low. Sell high. What's yours?
Quoting Panamix
so, what I do? Europe is good but Usa is better? or Usa is good and Euro is better? o both lie
europe is was never good. Only politician talk up. Euro crises will never end until greece default and get out of the eurozone.
Quoting Trainman
Then is this a case of, as you like to say, "rinse and repeat"? Since no fundamentals have changed at all, the market is swinging on rumor/sentiment alone. So, after the knee jerks outward, it eventually falls back to where it began?
Watch carefully the 2 levels 1.32208 and 1.3192 area. To be bear outlook, parasite needs to break below 1.314 in my 1cnts opinion.

However the rinse process can be repeated if parasite goes back to 1.328/9 area. Otherwise be careful.
U.S. factory orders increased less than forecast and the Fed meeting minutes revealed the central bank remains concerned about the global economic slowdown
>>>>>>>>BULL<<<<<<<<<
Quoting hkg_paul
europe is was never good. Only politician talk up. Euro crises will never end until greece default and get out of the eurozone.
Greece is not in the CENTRE of attention now, I mentioned that few times. Until it actually defaults, there won;t be much attention given to Greece. Pay more attention to Spain and Italy. I'm still waiting for Italy's data, they have been delaying releasing their data for some time now.
Fear of QE3 by Benake pushed the dollar down and now we know that the QE3 is also only a warning and talk.
buy eur/usd 3215
i did close my shorts before ...but better some green pips than red pips...you never know i which direction the FED farts blow...
OMG.. gold dropped like a bomb.. will drop more
Fomc blast the bubble....
>>>>>>>>BULL<<<<<<<<<
long stop flush is all it is.
buy eur/usd 3215
uh-oh ... just climbed out of the bathtub and what a move ... happy dayz for the bears ... but you bulls better bite the pillow ... they're going in dry
forget about tomorrow, just steal away into the night
Quoting oneightwenty
Thank you, when i saw that Goldman article about QE and the price action of today i thought about a possible pump and dump and gone for it.
Awesome move!! I agree it was a little suspicious that they preach about the possibility of a QE and yet the PA was totally sluggish to go down.
Make your losses in demo. Earn your profits live.
higher lows, lower highs. ought to get a direction here soon. 38 fib 3261 so far.
Quoting jaygee
higher lows, lower highs. ought to get a direction here soon. 38 fib 3261 so far.
What pair?
100 Pips per day can keep the bosses away.
Sell gold @ 1655
Thank FOMC good job
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how many times it's necesary for fomc to say no need for more monetary stimulus unless economic growth slows so that each understand ? is anyone who understand anything else ?
and what is so hard to understand the slow growth in China means better growth in America, Europe and Japan ? on the other hand, slow growth in China means cheaper oil so more growth in other country. of course slow inflation.
I'm out for today, be safe and trade wise!
Quoting thrishelle
thank FOMC help me from floating
So you sank? lol. Think the correct phrase is "kept me floating"
^
sorry...im hurry
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on the bear there is a bull trap and also on the bull always a bear trap
learn for that, that how big boy act to finish small trader
Remember.....remember...and i hope you are always remember...
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Quoting spekitox
uh-oh ... just climbed out of the bathtub and what a move ... happy dayz for the bears ... but you bulls better bite the pillow ... they're going in dry
you'll become unlucky because its perfect time to add on longs
eur/usd. broke thru the mild 1 minute dtl. no real hurry i think. seems a lot of stuck longs will be trying to get out for a while now so i don't expect a big up move soon.
Quoting e585009
What pair?
Quoting Dr. forex
it is dollar negative not positive soon the market will return back.
its not about the $ its about inter market flows. Its a medium term game changer if you ever saw one. Cheers
Quoting e585009
More dollar strength...when will this lie end?
When the world ends!!!
Quoting Loadedgun
When the world ends!!!
LOL. I guess that means the lie will end 12/21/12 ?
When the Joker is in the deck.. fear not and play it well
Sharp bearish candle........ only 1 candle, does the bull still have controle ?
That Sharp bear candle is just another lance that will be used to strike us betweenthe eyes again. 12/21/12 is the end of teh great age of Pieces and teh begining of the great age of Aquarious. This is not a Mayan calendar but an OLMEC calendar. They Mayans were not literate when the calendar was calculated. The (African) OLMEC brought the knowledge to the Mayans.. that's OLMEC ... google OLMEC ... anyway... can the bulls get some love from the FOREX gods?
100 Pips per day can keep the bosses away.
Quoting e585009
anyway... can the bulls get some love from the FOREX gods?
Damn! I was just waiting to see if there was a possible double bottom on AUD/USD. Guess it gets way more complicated than I thought.
When the Joker is in the deck.. fear not and play it well
Quoting e585009
... anyway... can the bulls get some love from the FOREX gods?
Sure! See the spekitox quote above.
Sure I have a trading plan. Buy low. Sell high. What's yours?
Quoting Trainman
Sure! See the spekitox quote above.
Not that kind of love. I don't need "ancient greek" love.
100 Pips per day can keep the bosses away.
I am going to quote something from "The Good Wife":

FOMC: (Shocked) What are you doing?

Eli Gold: Lowering my pants (Unbuckling his belt and lowering his pants)

FOMC: What for??

Eli Gold: So you can kiss my ass!!!

FOMC: ...
Make your losses in demo. Earn your profits live.
Quoting Trainman
Sure! See the spekitox quote above.
Yeah, I'll be sure and pay attention to the analysis from the Man Out of the Tub.
When the Joker is in the deck.. fear not and play it well
Quoting jonahky7
HSBC just got trapped in a negative zone - yippee!

Finally we can have a better range to trade than the bloody 1.33 area and I always type more than required
Hi jon. I've been tracing your posts just like a freaking stalker lol. I really interested with your analysis and i learnt a lot from it.

Btw, how did you managed to get to know what is HSBC doing?
And I wonder how you handle your stops when things didn't go as planned. Please kindly share if you don't mind.
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if they are spending money for foreign financial markets , thay have to spend so country dont have enough money ,
so i think in long term , it may be week ?
i may right seiner ?????
down down it goes....8)
There is QE3 it is even double or triple QE2, i call what happened yesterday a miss it happened because of hesitant market players....that's all.... no othere explanation.
Quoting Dr. forex
it is dollar negative not positive soon the market will return back.
I can agree with everybody that only 2 members at the last FED meeting thought that more stimulus needed ......... the remaining members thought more stimulus if and only if growth is not doing good.................... also all FED members agreed on lowering growth expectations. this what came in the fed minutes....... so the remaining members will agree next meeting on start stimulating the economy.
why the market acts in the opposite direction ?
am i wrong ?????????????????
!!!!!!!!!!!!!!!!!!!!!!!
if there is no QE3 and it is double or triple QE2, it's not "occupy wall-street" it will be "occupy Washington DC".

and now then i can see unemployed Americans raising banners like "clean the white house"...in front of the white house of course..... would Obama allow this to happen ...not even in his worst nightmare .....during this year..........
Obama has got 2 choices to win the coming elections, successfully strike Iran and stop its nuclear program or an economy with more jobs...... if i were in his shoes i would work on both directions.....
Quoting goldenspring
Hi jon. I've been tracing your posts just like a freaking stalker lol. I really interested with your analysis and i learnt a lot from it.

Btw, how did you managed to get to know what is HSBC doing?
And I wonder how you handle your stops when things didn't go as planned. Please kindly share if you don't mind.
There was an article or news about HSBC's long around here, but i'm a bit suspicious about that.
a) they did not go long at all, all was to trap more buyers,
b) they did long, but they had the brains to take their profits wisely,
c) they got burnt.

a) is more likely i think, and if you think about all the BIS sells recently the puzzle fits perfectly. They loaded up on shorts @ the .3350 region just like i did.
Quoting goldenspring
Hi jon. I've been tracing your posts just like a freaking stalker lol. I really interested with your analysis and i learnt a lot from it.

Btw, how did you managed to get to know what is HSBC doing?
And I wonder how you handle your stops when things didn't go as planned. Please kindly share if you don't mind.
Hey buddy, HSBC was one of the sovereign bidders and there was a flash article 2 weeks back on both FF + forexlive + twitter their entry was at 1.324 SL 1.3090 and TP 1.36. I'm sure they have taken TP at 1.338 ish, but was taking a micky at them. These sovereign players have inter bank messages in realtime so they will know what's going to happen before the rest of us. But I will be darn surprise if they are dumb enough not to taken their TP!

As far as I know there was an independent article that mentioned HSBC did went long, but who knows big players are jsut manipulators.

In regard when bad things happen and I am caught, I usually set my SL no more than 30 pips but usually a tight SL of 10pips. It's better to take a bite than to lose more.

Now that the ABCD (D=donkey) uptrend has been broken a bit, the ABCD has now inverted itself downwards.

On the daily you will see head & shoulder forming and we may be heading towards the land of 1.296 region (but watch 1.31446 and 1.3087 region for any signs of support).

In the meantime, it looks bearish but however if ECB interests rate today is good, it may resusciate the parasite a bit. Long for me on the parasite, that depends but sentiment is changing all the time, so adapt to it.

But all in all be careful of your trades. I'm bear but a careful bear that flirts with the bull.
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