Menu
Sister Sites

  • ECB says 9 banks to repay a total of Eur 8.123 bln in LTRO loans on May 29

    From fxbriefs.com

    Consisting of Eur 6.208 bln of the 1st 3 yr loan, and Eur 1.915 bln of 2nd loan

LTRO = Strong EUR. Full load of buys position on bad Durable Goods Orders. And cut loss on NFP.
I want to be rich.
i just believe which Merkel said that price range 1.3 - 1.4 to euro/dollar is normal, so there is no reason to short the euro/dollar below 1.3
Quoting andan
i just believe which Merkel said that price range 1.3 - 1.4 to euro/dollar is normal, so there is no reason to short the euro/dollar below 1.3
Yes, look at this following news

- ECB says 9 banks to repay a total of Eur 8.123 bln in LTRO loans on May 29
- German business morale rises more than expected in May
- Draghi: ECB eliminated risk of euro collapse
- Merkel says euro rate of $1.30-$1.40 'normal'
- Slovenia's fight to avoid a European Union bailout

There's no reason to short EU below 1.3
I want to be rich.
yes, i agree with that, EUR will stay in the range of 1.3 to 1.4
  •  Guest
  • | IP XXX.XX.157.105
Guys,
I like all of your comments, EUR go up then.
As we go into NY the Euro is set to hit extreme range in H4 and fall to its low area in the short-term. Gold is expected to move in sympathy. This does not preclude a spike to the H4 200 EMA area based on volatility around event. However, following these alignments I expect in the medium term for the Euro and Gold to rise from lows and in the case of the Euro begin assent toward 1.37 in the medium-term. Long-term the Euro is bearish.

BTW: If this scenario plays out I would have proven spreadbutter completely wrong having described the path of this pair and Gold from the start of the week to the end 100% correct and projected on the same basis its medium and long-term disposition. Just to make the point that all pairs are predictable if you understand chaos and the fractal geometry of currencies.
i think euro will be better against gbp in the long run .. rather then usd
So you predicted Eur/usd at 13700 this week and gold at 1440. Nicely done loser.

Quoting Loadedgun
As we go into NY the Euro is set to hit extreme range in H4 and fall to its low area in the short-term. Gold is expected to move in sympathy. This does not preclude a spike to the H4 200 EMA area based on volatility around event. However, following these alignments I expect in the medium term for the Euro and Gold to rise from lows and in the case of the Euro begin assent toward 1.37 in the medium-term. Long-term the Euro is bearish.

BTW: If this scenario plays out I would have proven spreadbutter completely wrong having described the path of...
F
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
Strange how motionless the market seems - but in all this time it would have paid a scalper some 50 pips in range to sell the Euro - imagine how much is being made - maybe by machines like HFTs/crap algos (they are particularly suited for that frequency of trading since they are really super scalpers).
It's so funny. People making their projections at the beginning of the week and coming up on Friday they realize they were wrong, and then rush out here to give some lame excuse.
If you want to buy euro, why not buy the euro against commodity currencies that are rising for two months? and against the yen?
This just makes me reinforces the idea that your approach to forex is as small as your account.
Which means scalping is not so bad if you know how to do it super quick with lots of money. But not so sure about trying to scalp otherwise - could work but is there money in it? I really do not know I imagine not.
Ssssshhhh ;-)


Quoting ssshhhh
It's so funny. People making their projections at the beginning of the week and coming up on Friday they realize they were wrong, and then rush out here to give some lame excuse.
If you want to buy euro, why not buy the euro against commodity currencies that are rising for two months? and against the yen?
This just makes me reinforces the idea that your approach to forex is as small as your account.
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
Quoting ssshhhh
It's so funny. People making their projections at the beginning of the week and coming up on Friday they realize they were wrong, and then rush out here to give some lame excuse.
If you want to buy euro, why not buy the euro against commodity currencies that are rising for two months? and against the yen?
This just makes me reinforces the idea that your approach to forex is as small as your account.
I agree I am learning this stuff and there is in fact no teacher. I would like to make millions but I am not there yet - just one step at a time - I only just figured how to get direction at any time T. I think that is the main step. What do you think?


BTW: I was not wrong on any turn to say I was you have to produce the forecast and show how it is I am wrong. Cheers once again.
When you understand how the market works - how price moves - you feel like you are in another world. Because at least your trades now have real good chances of making profit. You feel like a fast gunman - able to stand any fray the market throws up. It is kinda cool (comparatively).
Love the "subtle" change in tone

Come with me if you want to live....
When I am trading a pair I have 10 cents roving in the range just to tell me beyond all indicators what price is doing in the range. That is how I knew about the amount of money to made scalping the range just before a big release.

BTW: I think that brokers should install the device to simulate real time effects on opinion. You would think twice entering a buy when your 10 cents is heavily in the red and still falling - unlike the RSI it would make you really look around to see what is really going on.
Quoting Ill-b-back
Love the "subtle" change in tone

Hi Lion king am I in a mood too good to be true? It is the feeling you get when you can see the market and pick your trades.
Quoting Loadedgun
Hi Lion king am I in a mood too good to be true? It is the feeling you get when you can see the market and pick your trades.
I was actually referring to the change in your bold tone.
Best to make some peace when things not quite right.
BTW, RU looking for another 3170 retest also............

Would suit cable analysis well, is it going to 5228 before crashing next week or straight down to 4930 today/next week?

What do you think?...,,,,,,,,,,,,
Come with me if you want to live....
Quoting Ill-b-back
I was actually referring to the change in your bold tone.
Best to make some peace when things not quite right.
BTW, RU looking for another 3170 retest also............

Would suit cable analysis well, is it going to 5228 before crashing next week or straight down to 4930 today/next week?

What do you think?...,,,,,,,,,,,,
Inclined to agree with all scenarios that see some upside still and a reaction low at this point in the case of GBP based on correlation since I have not looked at that pair a while now. But you know my view is that we still need to see a retest to support the projected dramatic rise in the Euro. There is by my reading a really good chance that is how things would play. Of course not in a trade right now. Watching and one mind tells me whatever it is leave it till sunday and reread the market dynamically.
And oh I am as bold as ever and really no one can fault my contributions this week - not on the evidence and it will get better as we go. My root regression engine is really doing stuff on current settings.
From the first day I set my eyes on a price chart - my central occupation has been how does price move and is it possible to follow its fluctuations profitably? Now I think I have my answers.
Pride before the fall, love it

Looking forward to the future,

if there is one........

All the best
Come with me if you want to live....
What is interesting is that although the volatility structures of Gold and Euro are totally different they coincide in phase and their behaviors look alike and should be treated as such so long as one knows to time when the correlation breaks down.
Quoting Ill-b-back
Pride before the fall, love it

Looking forward to the future,

if there is one........

All the best
I know the internet allows one to ignore that kind of thinking we are not associating on a terrestrial bases so I can "blow my own trumpet" and get away with it. Do not forget you do not and cannot know who I am and how I actually feel or see things until we meet outside of this virtual pit. Think about that.
It's never gonna happen. The only way you'll 'make millions' is by creating a fund and having relatively small investors on board (initial backing of circa $10 ml) or working in a fund, or working in an investment bank. All three scenarios would require a bullet proof impeccable trading reputation and a proven trading record.

The best you can hope for with a small account is probably doubling it over a decent sample period of perhaps twelve months.

Bearing in mind that in doing so you'll be out performing close on 99% of retail traders. As was mentioned a couple of weeks back to be the best of the best on this side of the industry requires you to have the comparable performance of an Olympic athlete making the final of his/her chosen event. Are you that good?

Once retail traders let go of their ridiculous goals they've maybe conquered another barrier to success.


Quoting Loadedgun
I would like to make millions but I am not there yet -


.
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
Quoting Spreadbetter
It's never gonna happen. The only way you'll 'make millions' is by creating a fund and having relatively small investors on board (initial backing of circa $10 ml) or working in a fund, or working in an investment bank. All three scenarios would require a bullet proof impeccable trading reputation and a proven trading record.

The best you can hope for with a small account is probably doubling it over a decent sample period of perhaps twelve months.

Bearing in mind that in doing so you'll be out performing close on 99% of retail traders. As...
Keep statistics out of our conversations you are incredibly poor at using it. But note what I said about the structures of Gold and the Euro - regardless, both are at scale on the intraday cycle with a balance of dips to make and then rise. Any rise at his point (or sustained fall - less likely) will be a good swing trade and that is my aim especially Gold. Nice smooth trader with a lot of pace.
What do you think?
Quoting Spreadbetter
It's never gonna happen. The only way you'll 'make millions' is by creating a fund and having relatively small investors on board (initial backing of circa $10 ml) or working in a fund, or working in an investment bank. All three scenarios would require a bullet proof impeccable trading reputation and a proven trading record.

The best you can hope for with a small account is probably doubling it over a decent sample period of perhaps twelve months.

Bearing in mind that in doing so you'll be out performing close on 99% of retail traders. As...
Do not forget you are going to get a formal statement from me soon. So keep what you have said here on hand will you. Cheers
Quoting Ill-b-back
Love the "subtle" change in tone

I dictate the pace - I have the power.
You don't like 'failure stats', such as the 99% stat, because you're an impossible dreamer and being reminded of just how far the odds are stacked against you hurts your arrogance and strikes at your core belief system.

Nothing inherently wrong in dreaming if you can convince cynical backers to provide you with seed funding, but you'll never have the presentation skills or provide the bullet proof data to get that type of backing. Similarly you'll never work in the environments where you could enjoy the level of rewards you crave.

One of your big issues is your failure to accept that its all been done before, there's nothing new. Name an FX trading subject, put it into Google and you'll see hundreds of results, the majority pointing to a site you may have heard of called ForexFactory.

Your best 'bet' would be to trade your small account and find a full time job. The best retail traders I know only 'dedicate' less than an hour to trading each trading day.

Quoting Loadedgun
Keep statistics out of our conversations you are incredibly poor at using it. But note what I said about the structures of Gold and the Euro - regardless, both are at scale on the intraday cycle with a balance of dips to make and then rise. Any rise at his point (or sustained fall - less likely) will be a good swing trade and that is my aim especially Gold. Nice smooth trader with a lot of pace.
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
Quoting Spreadbetter
You don't like 'failure stats', such as the 99% stat, because you're an impossible dreamer and being reminded of just how far the odds are stacked against you hurts your arrogance and strikes at your core belief system.
You sure as hell are not talking to me and unless you are a trolling robot - you simply can't on the evidence - little though you have seen. Cheers
Quoting Loadedgun
I agree I am learning this stuff and there is in fact no teacher. I would like to make millions but I am not there yet - just one step at a time - I only just figured how to get direction at any time T. I think that is the main step. What do you think?
I think it will be a big step, begin to understand fundamental analysis. Second, start analyzing a currency, and not only a pair, this will give you an overview against all other currencies, so you will know where you are more likely to win with short or long position. The third would disregard any miraculous theory of making money: Chaos, horoscope, lunar calendar, these things are all tarred with the same-brush. Theories to sell books, and not for profit.

So much has been created to try to predict the direction of a financial asset, but, to be honest, the most valuable approach is the probability. Accept and enjoy it with a good risk management.
Probability, risk, money management...concepts lost by so many starting off in this game. Will they ever learn? Statistically the odds say no, it's a probability thing ;-)

Quoting ssshhhh
I think it will be a big step, begin to understand fundamental analysis. Second, start analyzing a currency, and not only a pair, this will give you an overview against all other currencies, so you will know where you are more likely to win with short or long position. The third would disregard any miraculous theory of making money: Chaos, horoscope, lunar calendar, these things are all tarred with the same-brush. Theories to sell books, and not for profit.

So much has been created to try to predict the direction of a financial asset, but, to...
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
Quoting ssshhhh
I think it will be a big step, begin to understand fundamental analysis. Second, start analyzing a currency, and not only a pair, this will give you an overview against all other currencies, so you will know where you are more likely to win with short or long position. The third would disregard any miraculous theory of making money: Chaos, horoscope, lunar calendar, these things are all tarred with the same-brush. Theories to sell books, and not for profit.

So much has been created to try to predict the direction of a financial asset, but, to...
Agree probability is important. I use historical analysis as a basis to reduce trade risk. If something has worked a large percentage of the time before, chances are it will work again. Probably anyway.
Quoting Spreadbetter
Probability, risk, money management...concepts lost by so many starting off in this game. Will they ever learn? Statistically the odds say no, it's a probability thing ;-)
Hehehe, good point of view.
Taking into consideration the statistics, they will not learn. It is as if they were working in a bearish linear channel. Forever losing...
Quoting Spreadbetter
Actually I've delivered advice far beyond the pointless 'calls' blurted out by many suffering trader Tourette's on this section, advice concerning risk, money management and realistic ambitions. If you pay attention that's actually far more valuable than blurting out pointless market calls which would be right at best 50% of the time. Wrt calling out trades my proprietary trading technique is mine and my trading is commercially sensitive, I've nothing to prove, I've nothing to sell.

I arrived here to discuss news events, your 'friend' attempts...
Prob just a little over excited like a kid with a new toy at Christmas...
Come with me if you want to live....
Quoting ssshhhh
I think it will be a big step, begin to understand fundamental analysis.
I think you got me wrong - completely and absolutely. But will not go into details - suffice it to say fundamentals is voodoo. Since I am a trained economist with a record of practice spanning over 18 years I am in a position to teach you fundamentals. But because I know it is useless to the analysis of trades and price movement I moved ahead of the curve and got into chaos trading which I assure you is what you want to do. I am learning about chaos not trading. I hope you now see how out of place your comments are with respect. But it is typical of traders without much imagination and no basic skills at reading the market that they answer any talk of "learning" with more voodoo - sorry my friend I crossed that bridge a long time ago. Check my calls and comments and you will know. Cheers
Quoting Spreadbetter
Probability, risk, money management...concepts lost by so many starting off in this game. Will they ever learn? Statistically the odds say no, it's a probability thing ;-)
Nonsense!
Quoting Loadedgun
I think you got me wrong - completely and absolutely. But will not go into details - suffice it to say fundamentals is voodoo. Since I am a trained economist with a record of practice spanning over 18 years I am in a position to teach you fundamentals. But because I know it is useless to the analysis of trades and price movement I moved ahead of the curve and got into chaos trading which I assure you is what you want to do. I am learning about chaos not trading. I hope you now see how out of place your comments are with respect. But it is typical...
Wooww, you're right, you have 18 years as an economist, this is almost my age. I guess I'm not in a position to argue with you, just to learn.

hehehehe, just kidding!

Cheers and nice weekend for everyone!
Why would I engage in a topic seasoned (practicing) economists will not touch with a very long pole if you find them trading? It has to be ignorance. Fundamentals or macroeconomic analysis has nothing to do with trading. Ask any economist (otherwise economists would the richest folk and best traders in the world - why is that not the case). The subject was developed for looking at the aggregate economy and developing policy responses (which are notoriously broad brush). Now exchange rates are studied but not to address the issues that traders have and the models and theories used are established as not having any predictive capacity or application in trading. Otherwise Draghi and co would just get their central banks to trade the economy into the position they want. It is completely baffling to me that most people (traders) just do not get the glaring point that fundamental analysis does not apply to trading AT ALL.

Of course there are aspects of economics (microeconomics which deals with how individual markets work) that could be used with some tweaking (to include the dynamics since economists much like technicalists use statics which is nice for explaining theories but not so nice trying to employ in dynamic real life situations). I use a theory in economics actively - it is called the market clearing model. Economics teaches it in statics and I have added tweaks to account for actual dynamics I have experienced - this is what we generally refer to as Mean Reversion.

Of course to then go into how best to tweak that kind of thinking you go into chaos which is a science that explains dynamically unstable systems. The market price or rate is by definition dynamically unstable. Now the results are vastly different compared to technicals and fundamentals and that is what I am trying to show people - STOP USING INEFFICIENT methods and move over to realism. That is all - otherwise I am cool and happy with my totally non submissive nature since otherwise I would be like the rest hooked on approaches that do not work and without the guts to find for myself one that does. Just because Sorros might use economic reasoning to describe his view on a pair does not mean he employs "fundamentals" to trade. Trading is a different sphere altogether. WAKE UP PEOPLE check what I am saying.
Quoting Loadedgun
I beg your pardon? Is it not obvious from the post and your agreement? If I did not post that here and have you concur how would we get the word out credibly? Notice more and more dissing fundamentals? It is for the better and may be why markets have become more predictable lately - checkout my current and last calls.
I am not talking about our common ground on fundamental analysis and how we don't refer to it in our trading in the way others see fit, I am referring to your repeating chaos trading posts in a tone similar to that of someone with a new toy.
It's clear you don't apply fundamentals, so if you are truly looking to help traders improve their lot as you say, why not just open a chaos thread and post your thoughts there rather than in the news thread. If news is not relevant to trading, then discussion of the article as a point of interest is the alternative.
Come with me if you want to live....
  • New Comment
  •  Guest
  • | IP XX.XX.9.172
Join FF
  • Story Stats
  • Posted: May 24, 2013 6:08am
  • Submitted by:
     Newsstand
    Category: Low Impact Breaking News
    Comments: 42  /  Views: 8,123