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  • EUR/USD Orders: Sovereign Buyers At 1.3200

    From forexlive.com

    Asian central banks reportedly on bid at 1.3200.

feeding from forexlive has lost its credibility, why do you make claims which is impossible, confuse traders?, you should be shameful to yourself by your feed " EUR/USD What can’t go down often goes up" don't know how many traders believed it and placed confirmed buy orders. they are all now screwed up.
poor asian central banks getting their bids chewed up. poof! all gone? This news? is the death of my long.
  •  Guest
  • | IP XX.XXX.233.3
BUAHAHAHAHAHA forex live was posting that the USD was looking to be in trouble right before FOMC and then KABOOM hahaha - now they are trying to put out that people are standing in line to buy ---- who is standing in line breaking headlines???? Its the forexlive boys and girls standing in line to buy BUAHAHAHAHA.
BUY!BUY!BUY!
Besides he provides just a level and has not the relative volumes and therefore offers no useful analytic value. Speculation is less effective when based on speculations. We are speculators. In addition, how does the move affect the Spanish and Italian conundrum? Or the growth and austerity mismatch or what Mario will do next? Just to mention the ones I have picked up around So at best even if correct he has picked up a fluctuant or one more trade in a market where each trade increases direction one way or another. Profitable speculators I imagine follow a technique and based on the proven effectiveness of the technique decide the risk or stake. Otherwise we gamble - and my problem here is I am not sure articles like this help traders maintain the right balance. Do not know if rumor is useful to trader profitability. if it is could you please show us some stats 0n successful traders who trade on this basis? Do you guys use this stuff if so how. An instance of its successful application by you outlining your basis will help inform. am asking the authors directly.
these guys lost all their credibility to me with every week same story: Short EURCHF, the peg will be broker over weekend.
Quoting robert7
feeding from forexlive has lost its credibility, why do you make claims which is impossible, confuse traders?, you should be shameful to yourself by your feed " EUR/USD What can’t go down often goes up" don't know how many traders believed it and placed confirmed buy orders. they are all now screwed up.
No Sir, it's the fundamentals.... the market fooled itself today when everybody believed that there is no QE3...... it's a 100% there is QE3 as it is the sugar that the US economy needs to keep going on on a moderate recovery pace. A lower USD is also the only safe haven for a US job growth this is what has been proved over the current decade. it's a 100% QE3 and a 50:50 QE4.
Commodities at its 6 months low..... can everybody just figure out this...!
USD is at its 2012 highs ...... selling a bottom or buying a top just sound crazy to me.
well... staying away is a safer bet... maybe long Eur/jpy or USD/jpy
IT Looks like it is true ATM around 1.3200. Wait for how long?
bullshit.
  •  Guest
  • | IP XXX.X.253.116
Buy or sell?
Who the F believes forexlive any more?
If they say buy you shall sell and vica versa, don't get eaten up by the bigger fishes! And most importantly QUESTION EVERYTHING you read here or on other fx sites!
Why is this high impact news?? One would almost think FF hasnt the best interest of traders with their continious posting of fxlive lies. I hope the moderator allows this to be posted!!
Quoting oneightwenty
Who the F believes forexlive any more?
If they say buy you shall sell and vica versa, don't get eaten up by the bigger fishes! And most importantly QUESTION EVERYTHING you read here or on other fx sites!
Liked this comment " L I K E " Shitty website, comfirmed!
Quoting robert7
feeding from forexlive has lost its credibility, why do you make claims which is impossible, confuse traders?, you should be shameful to yourself by your feed " EUR/USD What can’t go down often goes up" don't know how many traders believed it and placed confirmed buy orders. they are all now screwed up.
I'm not saying forexlive gets is right all the time but what they are telling you and me is OPEN your eyes n brain + adapt to see what's happening in the market. If you are going to follow blindly then there is a likelihood that you will get burnt. Their comment what can't go down will go up, obviously they said that way before the FOMC minutes and it fitted the time frame perfectly. But it's joker's common sense that you need to be careful when FOMC statements are about to release, knowing that FED is quite spilt internally on QE3 or not QE3.
Quoting Manipulator
Speculation is less effective when based on speculations. ... Profitable speculators I imagine follow a technique and based on the proven effectiveness of the technique decide the risk or stake. Otherwise we gamble - and my problem here is I am not sure articles like this help traders maintain the right balance.
I learned a long time back that
*Every trade requires a seller and a buyer. There is always an equal balance, it can be no other way.
*Every seller has his/her reasons for selling, and likewise for buyers. Therefore there will always be an equal balance of arguments both ways.
*50% percent of them will always be wrong.

If you are going to base your trades on the opinions and trade recommendations of others you are going to get lost. The only way a trader is going to make any kind of headway in the markets is to think for himself, do his own research and develop his own trading methods and not look to the opinions of others for confirmation.

The way to use reports like those from forexlive and forum comments like these is for broadening your perspective, for discovering new things you didn't know before. These new things then get subjected to your own research and validation and if they prove out, they become a part of your own trading method.

Love your quote btw, "Speculation is less effective when based on speculations."
Sure I have a trading plan. Buy low. Sell high. What's yours?
Uh-oh, claret everywhere, gold about to break down that three years old weekly trendline ... those sovereign asians are going to get a good spanking from the bears.
forget about tomorrow, just steal away into the night
buy eur/usd dip now at 1316x-7x tp 1320x
add to long eur/usd 3156 2x
Quoting Trainman
I learned a long time back that
*Every trade requires a seller and a buyer. There is always an equal balance, it can be no other way.
*Every seller has his/her reasons for selling, and likewise for buyers. Therefore there will always be an equal balance of arguments both ways.
*50% percent of them will always be wrong.

If you are going to base your trades on the opinions and trade recommendations of others you are going to get lost. The only way a trader is going to make any kind of headway in the markets is to think for himself, do his own...
So what about today's statement it's again bullshit..who's buying @1.3200 ???

forexlive shouldn't feed everyday, it is doing dirty/mindless job rather predict for a week or monthly economic analysis. after analyzing completely.
Quoting jonahky7
I'm not saying forexlive gets is right all the time but what they are telling you and me is OPEN your eyes n brain + adapt to see what's happening in the market. If you are going to follow blindly then there is a likelihood that you will get burnt. Their comment what can't go down will go up, obviously they said that way before the FOMC minutes and it fitted the time frame perfectly. But it's joker's common sense that you need to be careful when FOMC statements are about to release, knowing that FED is quite spilt internally on QE3 or not QE3.
So what about today's statement it's again bullshit..who's buying @1.3200 ???

forexlive shouldn't feed everyday, it is doing dirty/mindless job rather predict for a week or monthly economic analysis. after analyzing completely.
Quoting robert7
So what about today's statement it's again bullshit..who's buying @1.3200 ???

forexlive shouldn't feed everyday, it is doing dirty/mindless job rather predict for a week or monthly economic analysis. after analyzing completely.
BIS bought early in the morning and it did pop 30odd pips to 1.321. BIS is no god and they can get it wrong too as the market sentiment had changed so much. But if you look at the record of BIS so far, trade won > 10, trades lost < 3. So all in all they are still winning big! I don't think it's fair to condemn others on 1 failure/mishap but you have to be careful about market sentiment and know where you stand with technical too. With so many news coming out today, if you choose to follow what BIS does then be prepared yourself with some SL.

BTW I don't see forexlive analysing, they just provide us with information and it's up to you to digest it. They have a recent add-on specialist analysist from some big corporate, but think he got it wrong most of the time when he analyses lately - lmao.
62 fib here. last daily utl just below. Flush the buyers. Probably not a lot of long stops left down here.
add to eur/usd long 3150 2x
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  • | IP XX.XXX.48.61
Quoting jonahky7
BIS bought early in the morning and it did pop 30odd pips to 1.321. BIS is no god and they can get it wrong too as the market sentiment had changed so much. But if you look at the record of BIS so far, trade won > 10, trades lost < 3. So all in all they are still winning big! I don't think it's fair to condemn others on 1 failure/mishap but you have to be careful about market sentiment and know where you stand with technical too. With so many news coming out today, if you choose to follow what BIS does then be prepared yourself with some SL.

BTW...
BIS along with sovereign names are not necessarily in the market to speculate. They do have commercial interests also. It would always be a mistake to go long or short purely on the basis that these names have been seen in the market. The only thing that should always be considered is the firepower they possess and nothing more....
Quoting jaygee
62 fib here. last daily utl just below. Flush the buyers. Probably not a lot of long stops left down here.
Quoting jonahky7
BIS bought early in the morning and it did pop 30odd pips to 1.321. BIS is no god and they can get it wrong too as the market sentiment had changed so much. But if you look at the record of BIS so far, trade won > 10, trades lost < 3. So all in all they are still winning big! I don't think it's fair to condemn others on 1 failure/mishap but you have to be careful about market sentiment and know where you stand with technical too. With so many news coming out today, if you choose to follow what BIS does then be prepared yourself with some SL.

BTW...
my technical strategy clearly indicates, don't exit today's trade, but because of all these comment & discussion, got confused & closed my FOMC order 70 pips earlier. ended up with some other wrong trade, that's why I lost patience, blaming on forexlive. I think these discussions will not help the trader's at all. every trader will have his own strategy, unfortunately if they get access to this type, they will get screwed & sometimes it becomes addiction know what other people are telling for e.g. eurusd thread or forexlive feed.
robert7. In my opinion, there must be some kind of financial arrangement for most of these so-called news posts. My guess is these dime a dozen news sites are paying this site to post their "news". That in turn is supposed to get hits on their sites by luring us into their site thus generating revenue for them. If an Asian central bank was on the bid in the middle of the night at 1.3200, that is where we would be right now. I knew full well when i saw this posted, my long was in trouble. Most of the stops right now are most likely from shorts that have jumped on the bandwagon here as of late. Those will get run at some point. I wait. It won't take much of a pop above my average to turn this into a good return. Good luck in your trades today.
Quoting robert7
my technical strategy clearly indicates, don't exit today's trade, but because of all these comment & discussion, got confused & closed my FOMC order 70 pips earlier. ended up with some other wrong trade, that's why I lost patience, blaming on forexlive. I think these discussions will not help the trader's at all. every trader will have his own strategy, unfortunately if they get access to this type, they will get screwed & sometimes it becomes addiction know what other people are telling for e.g. eurusd thread or forexlive feed.
hey buddy, since last night till now, I've thrown away my tech analysis as the sentiment had been south, daily south had been established, I don't jsut listen to what forexlive says but also pay attention what what the market is doing too.

For your benefit, you have also to monitor DOW and S&P500 indexes as well, if it goes down then screw all tech analysis for Eur/usd (that's what I do) and go south, likewise the opposite applies.

Apart from DOW indexes, you have to pay attention to oil too (though it's not a big deal at the moment).

And that is precisely one of the reason why I don't place my trades here, when I win - I get praises but when I loses one time - I'll get stoned by all. So I rather keep quiet and stop shouting my entries.

But if you are interested, ping me a message we can discuss strategies.
add to eur/usd long 3128 3x
looks like frantic extra large buying for some.......psychological mindset kicks in......... in time like this all the more one needs to stay calm.
If previous ECB rates data stands true, with 70-80 pips spike, then 1.308 may jolly well be the region to look at for some support as bear bulldoze the fat bulls. For the past 3 ECB rates, the last 2 went north and the first went south.

The first south happened just about the same scenario as today.

Therefore even if ECB rates stays, there is no guarantee it will spike north. Plus the fact the crap news (long awaited bear news about Spain). One can only follow the market sentiment.

Bear power is incredible when it's awake - 270pips down so far in less than a day.

LMAO - if HSBC hasn't close their trade, they are only 20 pips from their SL!!!!! LOL LOL

NEWS of some bids at 1.3100/3090 area - not far from what I said about .3080 region. How strong are these bids I do not know.
Quoting robert7
my technical strategy clearly indicates, don't exit today's trade, but because of all these comment & discussion, got confused & closed my FOMC order 70 pips earlier.
Yeah, I hear ya. Back in the days when I was trading commodities I hit upon an unbelievably accurate leading indicator in T-Bonds and it called for a large drop. I took a massive short position in advance of the Friday unemployment figure - I knew what I was doing. But my broker didn't, and all day he kept up this yap yap yap about how much risk I was taking and you don't know what the unemployment figure will be, etc. In the end he talked me into closing the trade before the figure was released. Well, he talked me out of a trade that would have made me four months salary in one day had I simply followed through with it.

When you *know* what you are doing, you have to be ruthless in blocking out contrary opinion. Switch off the phone and don't even open the web browser. Just watch the charts and listen to the market, nothing else. I'm guessing you've already reached a similar conclusion. Take care.
Sure I have a trading plan. Buy low. Sell high. What's yours?
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there are 2 huge difference between the transaction made by Asian central bank or BIS or another bank makes transaction in forex market and what retailers make :
1. if banks buy 100k euro with usd, they really HAVE 100 k euro; the retailers don't have
2. the banks don't have margin call ! (like i say they have 100k euro, it's real money); the retailers don't have the foreign currency - they have only currency from their account
forexlive I curse you for all this month...you (
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  • Story Stats
  • Posted: Apr 3, 2012 9:49pm
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 36  /  Views: 7,350