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  • ECB Monetary Policy Decisions

    From ecb.int

    At today’s meeting, which was held in Bratislava, the Governing Council of the ECB took the following monetary policy decisions: 1. The interest rate on the main refinancing operations of the Eurosystem will be decreased by 25 basis points to 0.50%, starting from the operation to be settled on 8 May 2013. 2. The interest rate on the marginal lending facility will be decreased by 50 basis points to 1.00%, with effect from 8 May 2013. 3. The interest rate on the deposit facility will remain unchanged at 0.00%. The President of the ECB will comment on the considerations underlying these decisions at a press conference ... (full story)

ECB cut !!!!!
I want to be rich.
  •  armin_ray
  • | Joined Nov 2012 | Status: медлено - но уверенР| 24 Comments
up or down?
soo euro down
stops hunter
Crazy eur going up !!!!!!!!!!!!
  •  Guest
  • | IP XX.XXX.134.3
Good luck euro bears. Price couldn't even break 1.3100...no chance on 1.3000.
Why is euro shooting up????
Eur Down but going up what is this shit ?
Of course it's up ....it's the euro.
  •  Guest
  • | IP XXX.XXX.114.88
take out retail trader darn it ahaha eu make me laugh
its come as expected..
Here comes the trap.
Its about promoting growth baby....thats how its being construed....time to squeeze all the shorted bears out for now. Rally euro. Rally
Enter Signature
  •  Guest
  • | IP XXX.XXX.10.9
This is nothing short of a circus....
I told it yesterday but someone called me mad...
Forex gamblers are insane so think insanely..
"What its mean.
Dolar up?"
  •  Guest
  • | IP XXX.XXX.214.206
long all the way?
sell the rumour buy the fact
  •  Guest
  • | IP XXX.XXX.247.0
let the draghi come...
1.33 after 0830 NY time :$
Quoting jagonzalez
Its about promoting growth baby....thats how its being construed....time to squeeze all the shorted bears out for now. Rally euro. Rally
there is zero growth possible in the euro zone..baby..the whole place is in a depression.
is it for real or hoax?
Less is more...
  •  armin_ray
  • | Joined Nov 2012 | Status: медлено - но уверенР| 24 Comments
-1450$...
feck! lost about $100 in this news gambling.
back... and more dangerous.
Risk off..... LOL
  •  Guest
  • | IP XXX.XXX.135.238
Yet when Goldman hinted that there might be a rate cut we saw a 100 pip drop in the Euro. The theiving market.
  •  Guest
  • | IP XX.XX.255.166
the trap is opened in euro
Quoting naeem786
Eur Down but going up what is this shit ?
this is too common shit bro......Fall to Rise.......Rise to Fall....so dont try to catch flying bird and falling Knief .....just enjoy da crazy.....shit...and then ..trade or no trade... Some time no trade is also good trade.....
Say something meaningful or Silence!!
Guys guys, I just laughed my sorry ass to death on this one, the institutional traders are taking us for a ride, I have no idea what they are looking at for this one

Euro economy bad, rate cut, but still up, WTH?
  •  Guest
  • | IP XX.X.98.39
The markets are a joke. Both of my trading mentors dont know each other but both have told me several times do not trade any major news event, leave it to the large banks and large trading organisations. Its the luck of the draw. I suppose that’s why they professionals making ridiculous amounts of profit. Its a gamble but if you've took a loss, you only have yourself to blame!
looks like euro will going up, exactly like your words, sir - Loadedgun
Damned cut rate ... i m loss 50$
But it will go down hard after ecb press conference...
Up? Barely above the daily pivot? ;-)

Quoting Davejumo
Guys guys, I just laughed my sorry ass to death on this one, the institutional traders are taking us for a ride, I have no idea what they are looking at for this one

Euro economy bad, rate cut, but still up, WTH?
if ecb rate is cut ... euro should go down , isn't it ?
or ... is it really should go up ? ? ? 0_o ? ?
sorry i am still learning
ill be shorting after 1.34. You can stick to fundamentals if you like.
Enter Signature
  •  Guest
  • | IP XXX.XX.162.2
love this gap on mi SL-34% DD
Quoting jagonzalez
Its about promoting growth baby....thats how its being construed....
If that had any tiny bit of truth in it then the dollar should've been through the roof long time ago.
who is naive?the market makers or who thinks to make money very fast
if you want to speak fundamentals, everyone predict they would cut and now they actually cut, so their predictions were true. Hence their investment in Euro was correct, hence it goes up.
back... and more dangerous.
Quoting cppolybd
But it will go down hard after ecb press conference...

depends 100% on Draghi...if he comes up with something astonishing then it'll keep climbing
  •  Guest
  • | IP XX.XX.152.48
"3.The interest rate on the deposit facility will remain unchanged at 0.00%"

http://www.ecb.int/press/pr/date/2013/html/pr130502.en.html

wonder why they didn't cut that rate as well? any ideas?
Why is not down...????
heheheh... still hurried to long Euro and gold.
Quoting lumesh
depends 100% on Draghi...if he comes up with something astonishing then it'll keep climbing
Yea he will be cynical as usual I guess...
  •  Guest
  • | IP XX.XXX.63.83
what's with everyone posting how much they lost? is today share the pain day?
  •  Guest
  • | IP XX.XXX.131.236
Trading the Euro is so risky and unpredictable. The currency is Opaque.
Never trade fundamentals, it is silly and giving no results. You need to look into calendar to avoid the news but otherwise - technicals only!
How far are they prepared to go with price manipulation. Unbelievable.
Quoting Indrek
Never trade fundamentals, it is silly and giving no results. You need to look into calendar to avoid the news but otherwise - technicals only!
Good Advice!!!!!!!!!!!!

my sentiment exactly
Ofcourse EURO masters are aware about difficulties of EURO up, then I am determined that draghi speak or ECB speak will not be hawkish and EUR will go down again
"Why isn't it going down, oh why isn't it going down?"

It went down, it went all the way to 1.31200. Next time don't be so greedy and use reasonable SLTP levels.
  •  Guest
  • | IP XX.XXX.134.3
Quoting Indrek
Never trade fundamentals, it is silly and giving no results. You need to look into calendar to avoid the news but otherwise - technicals only!

Technicals said to buy the dips the entire month of April....continues in May.

Quoting lopatica
How far are they prepared to go with price manipulation. Unbelievable.
"The market can remain irrational far longer than you can remain solvent"
LOL. All sells, but it go up anyway...Someone cheating?!
Wait for Draghi. He should put things right.
6 Minutes before the time ECB cuts rate by 0.5% on local news channel
  •  Guest
  • | IP XXX.XXX.254.25
Something that I learned not so long ago, is that any interest rates cuts have a good impact on the currency.
Just look & see my commented there:
http://www.forexfactory.com/news.php?do=news&id=425443#post6650692
it seems draghi is in boj not ecb
what do u think,the majority put there sl ,then the market will go there,then going down,not before,i think
ECB rate will blow the market ,espacially eurjpy ,in coming days & US session euro will more aggressive buy ,buy ,don't make short ?
Quoting holmes
it seems draghi is in boj not ecb
hahahaha LOL, you're rite
any links for Dragi's speech,pls
Surely most retail traders exit the market pre policy announcements or major news releases? Ignoring whether you're right or wrong you have the issue of 'two way' spikes breaching your stops, stops not executing, orders not being filled, take profit orders not being filled, and most retail platforms are pants during major news events, they'll claim fast moving markets etc but in practice they simply can't cope even if ECNs and could be hammered.

Quoting Indrek
Never trade fundamentals, it is silly and giving no results. You need to look into calendar to avoid the news but otherwise - technicals only!
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
well this is all jolly exciting isn't... some big numbers being crunched here!
is this big people buying euro yen and eurusd before pulling the rug on the eurusd longs and ending up with a safely placed eurjpy position?
  •  Guest
  • | IP XXX.XX.151.153
hehehe, had Many jpy pair and all shoot up. this news and thstitutions are smart assholes. hooray
Here we go... down down
  •  Guest
  • | IP XXX.XXX.2.99
Quoting Guest
The markets are a joke. Both of my trading mentors dont know each other but both have told me several times do not trade any major news event, leave it to the large banks and large trading organisations. Its the luck of the draw. I suppose thatâ€s why they professionals making ridiculous amounts of profit. Its a gamble but if you've took a loss, you only have yourself to blame!
Dear Guest,
Large institutions & trading firms do not trade like the retails traders.
1/ They use wider stops
2/ Put on their hedged positions as early as possible, wait for the whiplash after the news and liquidate as soon as their position is profitable.

You and I can't trade like that. We can only trade the secondary reaction to the news.
Hope this helps
patience is a virtue..........
The majority of comments are pure comedy value, especially Loadedgun's comments. Can't believe that twat is still on here spouting his drivel...
haha.... there goes the rug
For newbies and stubborn: definitely learn what happens when a rate cut happens.

Basic of basic.
Lol Draghi smiled when that guy told him that Euro dropped after he commented on deposit rate
Quoting k3nshinz3139
1.33 after 0830 NY time :$
Oooooooooopppppppppssssssss
He's comedy gold though isn't he? How's things with you, you winning? :-)

Quoting bbakker
The majority of comments are pure comedy value, especially Loadedgun's comments. Can't believe that twat is still on here spouting his drivel...
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  •  Guest
  • | IP XXX.XXX.135.238
"We stand ready to act" = short for 20% account increase.

The market needed to know the future.
Quoting ArvONs
LOL. All sells, but it go up anyway...Someone cheating?!
Wait for Draghi. He should put things right.
Like I said...
finally... euro down...
fundamentally as what EZ needed.. rate cut.
and also as technically.. previous day sexy candle at EUR/USD

so... happy birthday for euro seller
and pattience for buyer, do analysis again and choose what your margin needed for

if thing not changing, i will hold selling till next week, personally only because weekly setup, i think market gonna respecting back that pattern
take what you can take, before market take it back
Never forget that being out of the market is in fact a position. There is the other way to play, I recall one of the sensible guys at FXCM mentioning it (he's gone now I think), be out then trade in the direction of the next 15-30 min candle after the current one closes.

Oh and as an addition I saw a study a while back that proved that the longer term trend rarely alters after a rate decision, major policy decision and in particular NFP, it was iirc 80:20

Quoting Guest
The markets are a joke. Both of my trading mentors dont know each other but both have told me several times do not trade any major news event, leave it to the large banks and large trading organisations. Its the luck of the draw. I suppose that’s why they professionals making ridiculous amounts of profit. Its a gamble but if you've took a loss, you only have yourself to blame!
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  •  Guest
  • | IP XXX.XXX.232.168
Quoting jagonzalez
Its about promoting growth baby....thats how its being construed....time to squeeze all the shorted bears out for now. Rally euro. Rally
Not bloody likely.
TP on S3 from pivot = 130 pips... thanks Mr D you lil beauty
Quoting Spreadbetter
He's comedy gold though isn't he? How's things with you, you winning? :-)


Short entries at 1.3215 and 1.3297. Scaled some out at this level and put the rest to BE+. Classic double trap... like you say wait for the kneejerk reaction to complete and then enter. Nice m15 pinbars showing selling. Let's see what NFP brings tomorrow.... I'm off out to enjoy the sun this afternoon and let the market do its thing now.

Have a great day!
Quoting bbakker


Short entries at 1.3215 and 1.3297. Scaled some out at this level and put the rest to BE+. Classic double trap... like you say wait for the kneejerk reaction to complete and then enter. Nice m15 pinbars showing selling. Let's see what NFP brings tomorrow.... I'm off out to enjoy the sun this afternoon and let the market do its thing now.

Have a great day!
wow nice short 3297.. seems that old position. but also nice your 3215.
i have from 317x planning to hold till next week

where yourr targett ? share idea please
take what you can take, before market take it back
Quoting redfx1989
wow nice short 3297.. seems that old position. but also nice your 3215.
i have from 317x planning to hold till next week

where yourr targett ? share idea please
LOL - That was a typo

Here you go my friend...

http://gyazo.com/7c83595a0ee56c5515dcfd063bbab14b

SL at BE+
2n target shown, last target trailing stop

Keep it simple... support and demand/resistance and supply... use other tools for confluence and keep your eye on d1
My first time taking a trade during news.

Short entry was at 1.32 with stops at 1.33124. Target price is 1.281. Closed one trade at 1.3107 and moved another trade to BE. Maybe I got lucky first time... or probably i'm starting to understand Fibs finally.

Expecting a brief move back to 1.31 (within the end of day to short again but with a small pips). Guys, Draghi will be speaking on Monday, so despite any NFP noise, its likely that MD would talk the Euro down.
in the end eur go down as usually about cut rate.have a nice day
buy tomorrow!!!
Quoting bbakker
LOL - That was a typo

Here you go my friend...

http://gyazo.com/7c83595a0ee56c5515dcfd063bbab14b

SL at BE+
2n target shown, last target trailing stop

Keep it simple... support and demand/resistance and supply... use other tools for confluence and keep your eye on d1
thanks for share ur chart i also using CCI too.. but different period.
but for target i apply S&R based pivot weekly.
anyway thanks for share idea =b
take what you can take, before market take it back
A word of advice to newbees day trading these types of news events. First never take a position before. Second be patient the markets initial moves are too volatile to read or trade (only machines might survive that kind of volatility) - after a while things settle down (could take an hour after a release) and that is when to enter a position. Usually (and given the news in this case) direction becomes obvious after a point and that is when you make your play. Finally, once in direction price will not turn suddenly and wrong foot you - stay with it until say 5 pm GMT then take profit and go to sleep - got to be patient.

I mention this because on release you see a lot of guys say Euro up or Euro down seconds after the release and others crying manipulation blah blah that is not the best way got to keep your cool and watch calmly like you are a bystander until things clear up - else those initial moves can cause you grief - do not forget you are following and being late is better than being too early sometimes. Practice this if you must trade the news.
Hi LG How are u?
My Euro short @ 1.3110 of Tuesday excecuted today after ECB rat cut decision
Quoting Dr.Zain
Hi LG How are u?
My Euro short @ 1.3110 of Tuesday excecuted today after ECB rat cut decision
I am well - glad you stuck with the trade and it paid off. Cheers and more wins in future.
Quoting Loadedgun
I am well - glad you stuck with the trade and it paid off. Cheers and more wins in future.
Thanks for good wishes
LG Euro H&S pattern almost comp;eted, do we see Euro below 1.30 tomorrow?
I think that during news events we as traders should expect prices to be more unpredictable as usual. Prices will never drop are rise to any extent without testing s & r levels first. Do not look for prices to drop 100 pips after a rate cut anouncement when the market has been consolidated for hours leading up to it. Market makers are called this for a reason and they had plenty of capital to yo yo the prices before Draghi's speech. Either stay out during big news or lower risk to even a micro lot until levels have been tested and show to hold especially in higher time frames.
Spot on. Bravo :-)


Quoting cppolybd
But it will go down hard after ecb press conference...
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
You da man. I'd been long since early April on Eur/usd, closed mid morning. Waiting for swing short now..could be some time. Shit on a stick for trend traders atm. :-(

Quoting bbakker


Short entries at 1.3215 and 1.3297. Scaled some out at this level and put the rest to BE+. Classic double trap... like you say wait for the kneejerk reaction to complete and then enter. Nice m15 pinbars showing selling. Let's see what NFP brings tomorrow.... I'm off out to enjoy the sun this afternoon and let the market do its thing now.

Have a great day!
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
Quoting Dr.Zain
LG Euro H&S pattern almost comp;eted, do we see Euro below 1.30 tomorrow?
Those technical patterns are really funny to me - I do not use them at all - they are highly unreliable. The Euro is in a downtrend and has been for over 4 years - if you look at the monthly chart you will see that.

But as of now it is phased up intraday - the rate cut not withstanding I still think we will see some more upside before see the unitary downtrend. I still expect to see 1.34 but if that view changes I will let you know.
Quoting Spreadbetter
You da man. I'd been long since early April on Eur/usd, closed mid morning. Waiting for swing short now..could be some time. Shit on a stick for trend traders atm. :-(
lol....i thought you were neutral all that time........how wonderful
Quoting Dr.Zain
LG Euro H&S pattern almost comp;eted, do we see Euro below 1.30 tomorrow?
if you mean at 1h TF i don't think that can valid to be called HnS
from my view, 4h was some triangle, ascending triangle maybe, and to complete this pattern, we need broke major support, and that should be bring EUR/USD to more than below 1.30.
but since we facing friday, and also NFP, which US ADP already bad, then seller also need carefull with NFP and profit taking mode later. i may be wrong too, just share my idea
take what you can take, before market take it back
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