FOMC Statement

Quoting mysystem

Disliked

That's very unfair, he's just a human like you, you only need to be extra careful in your method of trading and stop being a head long risk taker.
That as cost me fortune in the past, but not any more.

Ignored

you missed my point by a mile and a whale to boot..anyway humour is different things to different people..whether one is a headlong risk taker or arseshort risk averse(humour humour here) the taper wont be happenning soon..taper will only happen after two things..one short term and the other long term..succesful debt ceiling negotiations in congress but perhaps most important..the LONG TERM unemployment proving its on a SUSTAINABLE dip..in the meanwhile Bernanke is deciding whether its a Gillette razor or Phillips Intellishaver..hehe

Sep 18, 2013 1:31pm

well nice 100 pips, but my broker let me in only after it already had 40 pips, so scalped only 50 pips. Now what? do you think after breath it will go another 100 pips today or it will take a break and wait for Asians tomorrow?

Sep 18, 2013 6:07pm

I don't know if I did mistake, but I entered EURUSD long at 1.35 when it bounced back from 1.353. I think Asian market has to react to today's news and it must take to 1.3580 on Asian market.

What do you think?

Sep 18, 2013 2:44pm

Quoting Hoops McCann

Disliked

How's he killing it? He's saying that our economy still sucks as per the numbers! This administration sucks! Growth is not there! Jobs aren't there! Obamacare spreading fear in the work force! Would you like him to sugar coat it for you and make the market move the way you want it to?

Ignored

No politicking here, man! Why is just has to be the President? When the cities and States and doing well, mayors and Governors line up themselves on the air waves to pour out nonsense; "I did this and that for my region, that why my region is okay"; now things are falling apart..people pointing at the President...Go to Europe to learn..all advanced countries have respectable healthcare... only USA is missing in the action.....

Sep 18, 2013 2:46pm

Quoting BenMario

Disliked

YES !!... target hit 150 pips silver.. Done for the day.. Good luck all. <3. We meet again on next meeting Ben.

Ignored

Good job..you have to kiss Dr. BB whenever you meet him...I did see this coming...LOL..

Sep 18, 2013 5:51pm

Quoting Hoops McCann

Disliked

Because of pressure being put on businesses and middle class? This isn't "respectable healthcare" and you're right, look at Europe, we are doing the exact same thing! And you wonder... Just keep spending I guess - that'll fix everything. His policies have a lot to do with the economy! I'm neither Demo or Rep, I do see a problem though. What government run program can you name that is being run efficiently? Oh, wait! There isn't one! They don't care, its not their money! If it doesn't work, keep throwing money at it. Let the future deal with it....

Ignored

Most of the funny gadgets we are enjoying today came from governmental research programs..governments have a place in our life..whether you like it or not ..without a government ..even you may need to buy the very air you breath...government has its problems but they are not source of all problems...no job..ask those companies outsourcing jobs oversea....

Sep 18, 2013 1:08pm

Quoting PA is King

Disliked

You're definitely not talking to me!

Ignored

Everyone one who listens to headlines and believes Europe is just going to give up the Euro without a battle. It's not going to happen! Euro is going to be around for a long, long time to come! Regardless of what trouble they are in.

Sep 18, 2013 1:48pm

Quoting DragonFire

Disliked

The day US dollar dies..today seems like rehearsal for eminent death of US dollar...Dr. BB really wants to kill USD...he may succeed in getting his wishes...but heaven may not forgive him...

Ignored

How's he killing it? He's saying that our economy still sucks as per the numbers! This administration sucks! Growth is not there! Jobs aren't there! Obamacare spreading fear in the work force! Would you like him to sugar coat it for you and make the market move the way you want it to?

Sep 18, 2013 2:54pm — Edited

Quoting DragonFire

Disliked

.people pointing at the President...Go to Europe to learn..all advanced countries have respectable healthcare... only USA is missing in the action.....

Ignored

Because of pressure being put on businesses and middle class? This isn't "respectable healthcare" and you're right, look at Europe, we are doing the exact same thing! And you wonder... Just keep spending I guess - that'll fix everything. His policies have a lot to do with the economy! I'm neither Demo or Rep, I do see a problem though. What government run program can you name that is being run efficiently? Oh, wait! There isn't one! They don't care, its not their money! If it doesn't work, keep throwing money at it. Let the future deal with it.

Sep 18, 2013 6:48pm

Quoting DragonFire

Disliked

Most of the funny gadgets we are enjoying today came from governmental research programs..governments have a place in our life..whether you like it or not ..without a government ..even you may need to buy the very air you breath...government has its problems but they are not source of all problems...no job..ask those companies outsourcing jobs oversea....

Ignored

You're absolutely right. Let's keep spending trillions of dollars more than our GDP. Things are looking better: unemployment, food stamps, welfare, disability, bigger government, free healthcare now. We must be on the right track. Europe? Hell, it pays not to work anymore.

Sep 19, 2013 3:03am

This is for traders, in INSURANCE there are three kinds of people
1. Risk Avatars
2. Risk Avoiders
3. Risk Takers
Numbers 1&2 above as regards fx trading is to be at the tip of the news release, see the Angle move the water before jumping in for your miracle (placing a trade)
While number 3 is to place a pending order based on rumor or gambling economic public office holders that will shock you n drown your hard earned invested fonds

Sep 19, 2013 5:35am

Quoting pcca-matrix

Disliked

Like i said last month this is totally expected .

(5.4K pips in 1 month) !! thank you Mr.Benanke

Ignored

It's not about how young, old or experienced you are as a trader or analyst, rather it's how obedient you are in waiting patiently 4d news release.
More care, more money...

Sep 19, 2013 6:52am

Quoting polly

Disliked

That is why they say there is planet Earth and Planet America. Slow motion implosion.

Ignored

Imagine if you buy everything available in a mall. The question is, what will your house become?
I demand an answer from a longer bull

Sep 19, 2013 9:28am

Short term traders should just sit on their hands a day er two....and let USD make a turn ( look for a "swing low" on $dxy daily" as soon as tomorrow ) and catch trades LONG USD.

Going by the theory of time value for money and turnover on investment. How much profit have you made since July where fundamental rumors says buy and actual news says sell?

Sep 19, 2013 1:04pm

Quoting nkimandi

Disliked

the only taper i see that Bernanke does and will continue doing is that of his beard....i mean it on a serious note

Ignored

That's very unfair, he's just a human like you, you only need to be extra careful in your method of trading and stop being a head long risk taker.
That as cost me fortune in the past, but not any more.

Sep 19, 2013 9:01am

Anybody has thoughts about Tapering? According to Ben B, Tapering not yet because unempl.rate still high 7.3. from its target 6.5.
6.5 seems 'Unidealistic' for me in the US.
If it doesn't reach the target 6.5, they are not going to Taper...but they stated it would end by mid 2014.

- How about Fed continue buying bonds to boost the economy ? It will lead the US Debt-ridden country....and destroy the economy even more ??
- Or, by mid 2014, FED will 'anyhow' taper QE even not reaching the target ?

Any psyche here....?

Ill-b-back

Sep 18, 2013 1:06pm

Quoting Spreadbetter

Disliked

Hahahaha...<pause for breath>... Hahahaha...

Ignored

You manages to pausefor breath?, well done

I'm suffocating here hahahahahahahahahahahahahahahahahahahahaha

Ill-b-back

Sep 18, 2013 1:10pm

BOOM BOOM..
Taper down, Taper down

CODE RED, CODE RED, Need an evac STRAIGHT AWAY, media inspired $US bulls in need of assistance lol.....

Ill-b-back

Sep 18, 2013 1:35pm

Quoting Fx-BigDog

Disliked

Its a bear trap!!! Dollar is going to rally, watch out sellers!!

Ignored

I've been caught in the trap since 1.5526 on cable, not feeling any pain yet

PA is King

Sep 18, 2013 1:05pm

Quoting Hoops McCann

Disliked

You people should stop yelling "short" all the time.

Ignored

You're definitely not talking to me!

nkimandi

Sep 18, 2013 1:31pm

Quoting Spreadbetter

Disliked

Shit, the really bad news is that now Septaper is off we'll now get Octaper speculation...

Ignored

ding!!..you just nailed it..

nkimandi

Sep 19, 2013 11:51am

the only taper i see that Bernanke does and will continue doing is that of his beard....i mean it on a serious note

Sep 18, 2013 1:05pm

Buy dollar

Sep 18, 2013 1:12pm

Joking, scalp now small short dollar profits and re-enter when it settles little back

Sep 18, 2013 1:16pm

SELL USDCAD it has little bounce and doesn't confuse

Sep 18, 2013 1:19pm

USDJPY surprises me, short JPY crosses

Sep 18, 2013 1:34pm

Are you confident to sell USDJPY?

Sep 18, 2013 1:45pm

The day US dollar dies..today seems like rehearsal for eminent death of US dollar...Dr. BB really wants to kill USD...he may succeed in getting his wishes...but heaven may not forgive him...

Sep 18, 2013 2:27pm

Sluuuuurrrppp !!.. You never let me down BEN. <3 <3. Expecting small reversal 2moro or monday and bull continue its run.

Love American traders too....

QE= BUY,
NO QE = BUY
Fiscal cliff = BUY
No cliff = BUY
employment drop 500,000 = BUY
employment increase 1000 = BUY
War = BUY
no war = BUY
Aliens invade earth = BUY
Aliens decided to leave humans alone and returns = BUY

Quite easy to predict the direction tho.

Sep 19, 2013 8:28am

Quoting mysystem

Disliked

Imagine if you buy everything available in a mall. The question is, what will your house become?
I demand an answer from a longer bull

Ignored

It becomes an auction house.

The bigger question is, how much money you can spend which you have unlimited access to. Either by robing others, taxing pimps and multiple other sources. Theres always another mall to visit and always another source of income plan. Its never ending story till either : A.murdered or B.suicide.

Sep 19, 2013 8:51am

Quoting Forex Kong

Disliked

Hey guys....

As we all know in Forex "nothing moves in a straight line" ( or at least not for too long ) so..............
.

Ignored

The only reason iam trading and a pure DAY TRADER . Dont care where its heading 2moro, next week or next month. Theres always another "market event" and also never bother to entertain "fund-a-mentalists". Lifetime failure "traders" always has lots of time on hand writing loads of nonsenses.

- Happy trading.

Sep 19, 2013 9:10am — Edited

Quoting Forex-Queen

Disliked

Any psyche here....?

Ignored

Cant help sorry. Maybe others can. Ive no idea and dont care. Between now and mid 2014, million things could happen. World War III being one of them which could impact the market also million times greater than QE.

Sep 18, 2013 1:07pm

Gold Jump!

Sep 18, 2013 2:15pm

Just to ptove Bird Nanke is more powerful than Draghon.

frx_trader

Sep 19, 2013 2:16pm

It is just a trap to see if you dare. If you escape, then there is another trap, and another one.

Foxikus

Sep 18, 2013 1:53pm

Why Bernake not say that inflation is that inflation is about 7%? why? is easy to say

pcca-matrix

Sep 18, 2013 1:14pm

Like i said last month this is totally expected .

(5.4K pips in 1 month) !! thank you Mr.Benanke

Sep 18, 2013 1:04pm

You people should stop yelling "short" all the time.

Sep 18, 2013 1:10pm

Buy Usd

Sep 19, 2013 7:17am

Quoting mysystem

Disliked

Imagine if you buy everything available in a mall. The question is, what will your house become?
I demand an answer from a longer bull

Ignored

Good question !

jonathanhk

Sep 18, 2013 1:04pm

Yohoo!!!! What a gamble for today, betting on the smucks at FED chickening out on tapering! 105pips in 3mins in pocket

meskatul

Sep 18, 2013 1:35pm

Projection is better but no Taper !! Bullshit

asingh601

Sep 18, 2013 1:13pm

still FOMC Press Conference is there which can manupulates the market anytime.

Sep 18, 2013 1:11pm

Rumor always leads to confusion...

Sep 18, 2013 1:17pm

the idiots at big firms alll chirpped loud 'tapering'. Any of you know why the singing birs with no brains get high paid ? for what ??!!

Sep 18, 2013 1:20pm

eventually, all the anals are useless with data and investigations with fat salary. i think they should consider hiring psychy.

Sep 18, 2013 1:23pm

Quoting backinblackl

Disliked

Anals are useless but cool

Ignored

not for me !

DayTrader30

Sep 18, 2013 1:06pm

Quoting fx-trader777

Disliked

Buy dollar

Ignored

Go on buy

Sep 18, 2013 1:04pm

no taper.....

Sep 18, 2013 1:15pm

is better place for short now...

Spreadbetter

Sep 18, 2013 1:17pm

Shit, the really bad news is that now Septaper is off we'll now get Octaper speculation...

Quoting Ill-b-back

Disliked

BOOM BOOM..
Taper down, Taper down

CODE RED, CODE RED, Need an evac STRAIGHT AWAY, media inspired $US bulls in need of assistance lol.....

Ignored

sharabela

Sep 18, 2013 1:48pm

This is why this business is considered the 2nd riskiest business in the world. See out of nowhere Dollar bites the dust. However, you never know what happens next. All you have to do is buy at support and sell at resistance and then expect the best.

Forex Kong

Sep 19, 2013 12:20am

Not so fast guys....as yes USD is headed for the basement - but we "trade" here right?

You'd have to expect a reasonable bounce in coming days.

Look for a "daily swing low" and plan on at least a couple solid days of USD reversing before continued journey South!

m_hosny98

Sep 19, 2013 1:56am

americans always play with us they made asense and prepared us for the taper all the past two weeks to enhance their currency and to make dollar high because when the truth out come the dollar situation to be in reasonable level.

polly

Sep 19, 2013 3:48am

Quoting jhaye

Disliked

Fundametals play n important part but i think the fact that there was soo much speculation going on is what cause that massive move when the news disappointed.

Ignored

Well orchestrated operation really. Bait and switch.

polly

Sep 19, 2013 5:44am

Quoting BenMario

Disliked

Sluuuuurrrppp !!.. You never let me down BEN. <3 <3. Expecting small reversal 2moro or monday and bull continue its run.

Love American traders too....

QE= BUY,
NO QE = BUY
Fiscal cliff = BUY
No cliff = BUY
employment drop 500,000 = BUY
employment increase 1000 = BUY
War = BUY
no war = BUY
Aliens invade earth = BUY
Aliens decided to leave humans alone and returns = BUY

Quite easy to predict the direction tho.

Ignored

That is why they say there is planet Earth and Planet America. Slow motion implosion.

Forex Kong

Sep 19, 2013 8:34am

Hey guys....

As we all know in Forex "nothing moves in a straight line" ( or at least not for too long ) so..............

The correlation of USD down / "Risk on" Up is clearly back in play here.

After such a large move ( especially in the world's reserve currency ) the counter trend move should be equally staggering. This is now a given , as debt ceiling talks / Gov shut down will be next up to bat.

Short term traders should just sit on their hands a day er two....and let USD make a turn ( look for a "swing low" on $dxy daily" as soon as tomorrow ) and catch trades LONG USD.

USD is going to zero sure........but near term - the bounce / fundamentals in risk comg off / pull back in equities etc.....sets up right in front of your face.

NZD for example - super over bought.

GBP as well - Boom.....

cecchino

Sep 18, 2013 1:04pm

MMM it's evident FED want to destroy the entire dollar $= Toilet paper

hamidshah.pk

Sep 18, 2013 1:42pm

What will be the levels of Gold. I am short at 1300

Effex

Sep 18, 2013 1:06pm

Of course there is no taper. The US barely has legs to stand on. Anyone who thought it was coming reads too much media.

Sep 18, 2013 2:36pm

YES !!... target hit 150 pips silver.. Done for the day.. Good luck all. <3. We meet again on next meeting Ben.

Sep 19, 2013 8:29am

Quoting polly

Disliked

That is why they say there is planet Earth and Planet America. Slow motion implosion.

Ignored

Free money literally.. Just BUY..

Shelika

Sep 18, 2013 2:33pm

Quoting nkimandi

Disliked

ding!!..you just nailed it..

Ignored

Maybe dectaper is more popular.

jhaye

Sep 18, 2013 1:35pm

hmm bad day very bad day. But not too worried. i am using this as a learning tool

jhaye

Sep 18, 2013 1:39pm

Fundametals play n important part but i think the fact that there was soo much speculation going on is what cause that massive move when the news disappointed.

mkj111

Sep 18, 2013 2:14pm

Quoting hamidshah.pk

Disliked

What will be the levels of Gold. I am short at 1300

Ignored

1600 soon

christian11

Sep 18, 2013 1:32pm

Gbp/usd will now buy till eternity.. Thanks Fed.

christian11

Sep 18, 2013 1:35pm

Gbp/usd will now buy till eternity.. Thanks Fed. I just hope chelsea Fc wins tonight's match to crown my joy. Lol.....

MikeySym

Sep 19, 2013 10:02am

a long awaited result which we all knew the outcome, december we await more taper news which i believe will be cant taper because we just are addicted to printing money more shorting for the USD

Sep 18, 2013 1:03pm

OH！ Sell dollar!

Sep 18, 2013 1:03pm

whats happening here ??

Spreadbetter

Sep 18, 2013 1:02pm

Hahahaha...<pause for breath>... Hahahaha...

Sep 18, 2013 1:04pm

omg

Sep 18, 2013 1:10pm

oh boy no TAPER

Trader#7819

Sep 18, 2013 1:11pm

My gawd, these office cracks have no backs, and absolutely no courage!!
This is such a shame, and all old scool floor traders just are amazed.
Now with such leaders, every dumhead can trade these markets :-)

Fx-BigDog

Sep 18, 2013 1:13pm

Its a bear trap!!! Dollar is going to rally, watch out sellers!!

Spreadbetter

Sep 18, 2013 1:14pm

Brilliant post. Lol

Quoting orzogc

Disliked

OH！ Sell dollar!

Ignored

Zerd

Sep 18, 2013 1:19pm

Stock up ? Gold up lol

backinblackl

Sep 18, 2013 1:21pm

Quoting Forex-Queen

Disliked

eventually, all the anals are useless with data and investigations with fat salary. i think they should consider hiring psychy.

Ignored

Anals are useless but cool

Idoscon

Sep 18, 2013 1:22pm

well, fed made me rich ...lol

backinblackl

Sep 18, 2013 1:25pm

Quoting Forex-Queen

Disliked

they could be cool for you? not for me !

Ignored

So rude!

kelvinjones

Sep 18, 2013 1:30pm

Such a good taper, didn't need paper!

backinblackl

Sep 18, 2013 1:31pm

I was really expecting beginning of a gradual taper.

makrazeeb

Sep 18, 2013 1:34pm

wait for ending the press conference to ride on the exact trend ......................

kvr7017

Sep 18, 2013 1:37pm

120 pips in just 5 min..........................

tradernole

Sep 18, 2013 1:43pm

No end in sight, better start signing everyone for disability for unemployment to get below 6.5%.

Trader#1C06

Sep 18, 2013 2:02pm

congrats to the dude who called S&P 1723 as his target much earlier today! it's on the rising trendline on the tops on D1 (I reckoned it needs to get there in a hurry, like this week, and it did just that). I am aiming even higher, but maybe it will come back for a retest.

ognen

Sep 18, 2013 3:47pm

"OH, UH short, great, what a gamble, uncle Ben, 100 pips, what the. go short, no not short, go long...". Great analysis.

Trader#C43D

Sep 18, 2013 4:17pm

Let's recap for a moment here the Fed has created a $16.9 trillion dollars debt a 99-year old PONZI which has led the U.S. to a financial collapse for several obvious economic & political factors. The Fed is just a private corporation super state bank acting to exploit and to control the world created by the wealthiest families about 100 years. By the end of 2013 you will see another financial bubble 'the worse to come' destroying the middle class.... a dollar is worth now 4 cents just crunch the numbers. The Fed solution has always resolved our economical problems by re-inflating the economy and making it seem all too goody on the superficial. Now, a part from that most of the developing countries are ditching the dollar and what is more scarier is that most growing economies are ditching the dollar as well because of its devaluation. So, in summary if the U.S. dollar will no longer be the world's reserved currency YOUR life style will change, this is what those unscrupulous bankers at the Fed should be announcing instead of sugar coating everything but then again the truth is always ugly and the masses usually are always taken by surprise. The question is what would the International Monetary Fund will do? Find a global currency of course... and kiss Wall Street goodbye. Knock yourself arguing in disbelief but I guess you just have to look around if you live in the U.S. where the unemployment rate has soared, $1.2 tillion dollars in outstanding student loans, and so on...I just wonder how all of this will play out for us as retail FX traders and the FX market when the time comes to get out of Dodge? What's plan B? Foreign Real Estate?

Tonypham

Sep 18, 2013 10:24pm

Run far away from USD is best choice!

CoolJL

Sep 19, 2013 11:47am

I wonder if the not tapering has been priced in.

Trader#A215

Sep 18, 2013 1:31pm

PRESS CONFERENCE:
http://www.ustream.tv/federalreserve

Trader#B208

Sep 19, 2013 12:32am

Dollar is not coming back. Its gone. You would have to wait until march 2014 or some huge event. Minor reversal is normal but complete reversal is almost impossible for now.

Trader#8BCE

Sep 19, 2013 10:57am