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  • Minutes of the Federal Open Market Committee

    From federalreserve.gov

    Developments in Financial Markets and the Federal Reserve's Balance Sheet The Manager of the System Open Market Account reported on developments in domestic and foreign financial markets as well as the System open market operations during the period since the Federal Open Market Committee (FOMC) met on July 30-31, 2013. The review included a report that the System's purchases of longer-term assets did not appear to have had an adverse effect on the functioning of the markets for Treasury securities or agency mortgage-backed securities (MBS), and that the Open Market Desk's operations in both sectors had proceeded ... (full story)

market is going crazy
still consolidation...
Quoting anilamil
still consolidation...
yes indeed
wtf? no spikes...lol
EURJPY bought @ 131,54. So far so good.
No, the impact is very low!! Price doesn't move much
lets see, who will eat stop loss lol
waiting for trend ..
remember last FOMC? the market is side ways very fast until 1 hour ahhaah, and then BOOMMM !!
  •  Guest
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Quoting anilamil
remember last FOMC? the market is side ways very fast until 1 hour ahhaah, and then BOOMMM !!
Boom up or down??
Quoting Guest
Boom up or down??
check by yourself, i remember gold range is more than 7000 pips on that day....
In that case technical analysis works best. The market will favor for USD.
Quoting skidrow
In that case technical analysis works best. The market will favor for USD.
May be
lucky to take small prize and run...hehe
Quoting Guest
Boom up or down??
wait for Q&A session
https://my.hfm.com/en/hfcopy/provider-details.html?provider=78024851
Quoting Mafia
wait for Q&A session
this is 1:13 AM in my country -___- , my sleepy is almost hit stop loss....
  •  Guest
  • | IP XXX.XX.45.34
technical trend of the gold aimed 1291 then 1277 as the main decision point
There will definitely be a reduction in asset purchases.
  •  Guest
  • | IP XXX.XX.234.237
where do you see news report?
Picture clear. It favour USD
Quoting anilamil
check by yourself, i remember gold range is more than 7000 pips on that day....
7000 pips???????
i think it will go down all the way to 1.3200
  •  Guest
  • | IP XXX.XX.41.159
dj30 boom stops and we gona see 14600 i hope to 2 hours
Any idea AUD/USD Trend?
Quoting anilamil
this is 1:13 AM in my country -___- , my sleepy is almost hit stop loss....
no qa period....They just release what was said on last FED minute
  •  Guest
  • | IP XXX.XX.12.156
waiting for OBAMA speak...........
gbp usd bulish for reversal : SL = low
Quoting anilamil
this is 1:13 AM in my country -___- , my sleepy is almost hit stop loss....
why dont you goto kitchen and make a cup of coffee for yourself
https://my.hfm.com/en/hfcopy/provider-details.html?provider=78024851
Quoting Marsfx
7000 pips???????
yes, from 1291.xx to 1366.xx , more than 7000 pips , I forgot the date -___-
on 4hr eurusd already broken lower SD band and lower levels, we are about to leave for area 1.38-1.39
Quoting Mafia
why dont you goto kitchen and make a cup of coffee for yourself
lazy to move lol
EU buy now stop 1.3580 bought 1.3500
Trading by EA
Quoting anilamil
check by yourself, i remember gold range is more than 7000 pips on that day....


last fomc was on 21st August and ter was no big move in Gold... don't confuse others...
Quoting Guest
where do you see news report?
Read the minutes.
Having read the report, it is all data dependent as to whether to taper and with July/August numbers coming in below THEIR expectations, they decided not to taper albeit with one dissident. If numbers do continue to improve they will start taper light and the reduction will start of small.
Quoting mmudasir
EU buy now stop 1.3580
but the news favouring usd..
Quoting kishupatel
last fomc was on 21st August and ter was no big move in Gold... don't confuse others...
No my friend last Fed meeting was on Sep and yes there was a movement on gold. I am not sure if it was 7000 pips, but there was a movement as I recall
Quoting kishupatel
last fomc was on 21st August and ter was no big move in Gold... don't confuse others...
not that one, the high impact one... its 17-18 sept
How much more time it will take to become a perfect entry point ?
and eur/usd is back were it was before the release of the report...
Quoting mmudasir
EU buy now stop 1.3580 bought 1.3500
agree with you
Quoting Marsfx
and eur/usd is back were it was before the release of the report...
It bounced off from the area of S3 daily.

Was there any fractal formed or getting formed? If anyone can correct who knows the matter. thanks.
President still has to speak, so dont jump into battle field if you are not sure about your enemies and allies
https://my.hfm.com/en/hfcopy/provider-details.html?provider=78024851
  •  Guest
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not good for brokers, not enough noise to take out many stops. minutes do not mention tapir so we don't know if octaper, no tapir, detaper or what will happen to the tapir. so we go back to ceiling watch for forward guidance.
I think gold will down. Do you think so?
Is that the end of the story?

Quoting Marsfx
and eur/usd is back were it was before the release of the report...
Quoting kishupatel
last fomc was on 21st August and ter was no big move in Gold... don't confuse others...
Anilamil is right.
Last FOMC was on Sep 18. Gold moved from 129x to 136x in one day. I remember exactly because I also made nice profit on that day in gold trading. The FOMC result was no tapering.
But two days after that, the price went all the way down because Bullard's statement.
Quoting Rsd
Anilamil is right.
Last FOMC was on Sep 18. Gold moved from 129x to 136x in one day. I remember exactly because I also made nice profit on that day in gold trading. The FOMC result was no tapering.
But two days after that, the price went all the way down because Bullard's statement.
finally, someone still remember that day Lol
In 30 minutes: 1,3510 -> 1,3486 -> 1,3515 !!!

This is FOREX trading!!!

This is how forex accounts -> 0 !!!
  •  Guest
  • | IP XXX.XXX.237.241
will eurusd move down to 1.3460 in coming couple of huors?
  •  Guest
  • | IP XXX.XX.40.21
sleepy but worried...huuuff
Quoting anilamil
finally, someone still remember that day Lol
That's easy, just open your gold daily chart and you'll see a big blue bar followed by a small evening star bar and next after that a big red bar. That's the day
eyes to eurusd
Quoting anilamil
finally, someone still remember that day Lol
Yes but you have mentioned 7000 pips. Actually there is a slight difference in Gold's pips. Gold moved from say 1296 to 1366 . That moves actually 700 pips worth ....
Quoting cppolybd
Yes but you have mentioned 7000 pips. Actually there is a slight difference in Gold's pips. Gold moved from say 1296 to 1366 . That moves actually 700 pips worth ....
oh , in my place someone call that 7000 pips, and 70 pips. now i see, there is people call that 700 pips too... hmm, the difference metatrader user probably..
  •  Guest
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Does Obama will confirm Yellen as Fed chairman?
anybody please.....where do you see gold in two hours. please advice.
Watch market as a layman, Do have a opposit trade what ur mind suggest ;-)
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Quoting sgwow
Any idea AUD/USD Trend?
i think you'll see aud/usd 95.20 , maybe im wrong
Quoting anilamil
oh , in my place someone call that 7000 pips, and 70 pips. now i see, there is people call that 700 pips too... hmm, the difference metatrader user probably..
Nope I actually called it 700 pips worth. If you open a trade 1 standard lot and gold move 1296 to 1366 you will get profit 7000 $ . From that aspect I called it 700 pips worth. But according to you it should
70 000$ profit whic is absurd....
so the storm has calmed down with no real impact ?!!!
Quoting libra_reserv
anybody please.....where do you see gold in two hours. please advice.
Nobody can know that
Quoting klm2020
so the storm has calmed down with no real impact ?!!!
let's keep watching
Quoting libra_reserv
anybody please.....where do you see gold in two hours. please advice.
lol , secret.....
yeah,,, keep watching. the effect will shown 1 or 2 hours after FOMC statement.
  •  Guest
  • | IP XXX.XX.4.19
QE should buy gold price will be limited in 1365 my opinion
Quoting Re_And
yeah,,, keep watching. the effect will shown 1 or 2 hours after FOMC statement.
when exactly it will released?
I think this area 1.3460 - 1.3480 was good for long till 1.38
Gold all the way down towards 1200...!$980-950 Inc coming months
Quoting santoo
Gold all the way down towards 1200...!$980-950 Inc coming months
agree...down to 1050 for sure
  •  Guest
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Quoting libra_reserv
anybody please.....where do you see gold in two hours. please advice.
between 1302 & 1320
  •  Guest
  • | IP XX.XXX.115.212
It goes like this. First you stay sidelines. Then it raises high and you don't buy because you lost the move so again sidelines. Then it goes a little higher and you decide it's on absurd levels and sell it with a medium SL. To your surprise and dismay it goes against you so you widen SL and short to average. A microsecond later Mr.Margin calls you on your private phone...
Euro down towards 1.3200-1.300
finally... obama speaks...
Quoting santoo
Euro down towards 1.3200-1.300
not sure about it...it should but who knows
  •  Guest
  • | IP XX.XX.82.252
any link to it?
  •  Guest
  • | IP XXX.XXX.115.109
GU down 23.6% already, will fin resistant back, before continue down.
Quoting Guest
any link to it?
http://www.whitehouse.gov/live
well am long already on EUR/USD.....TOO risky though....
Quoting cppolybd
Yes but you have mentioned 7000 pips. Actually there is a slight difference in Gold's pips. Gold moved from say 1296 to 1366 . That moves actually 700 pips worth ....
Pips is the smallest unit price in the pairs traded.
Because we have XAUUSD traded in 2 decimals, for example $1310,22, then 0.01 is equal to 1 pip.
It means that $1.00 gold price equals to 100 pips.
And $70.00 gold price equals 7,000 (seven thousands) pips.
Anilamil was right.

Pips in gold trading is not the same with forex trading.
Since forex usually has 4 or 5 digits decimal, than 1 pip in forex equal to $0.0001

About lot:
1 regular lot in gold trading equals to 100 troy ounces (toz).
1 Mini lot = 10 ounces
1 Mikro lot = 1 ounces.
So if you trade 1 regular lot and price move $1, than you got profit / loss $1/toz x 100 toz = $100
Price goes $70, you'll get profit or loss $70/toz x 100 toz = $7.000

Maybe that's all not too important. Not as much important as knowledge of other technicals / indicators / trading systems, but I think it's better if we know basic things like that before we trade, especially when we communicate amongst traders.
Just googling it and learn from many free sites.
Cheers and happy trading
buy usd
Quoting kirkdurant
buy usd
any explanation why?
Quoting kirkdurant
buy usd
PLEASE DONT post just one liner..tell me/us why you telling this ..or it will create chaos/confusion??????
Say something meaningful or Silence!!
Wich is more possible? Agreement on the debt ceiling or the financial armageddon? Imo the agreement that is why buy Usd.
Eyes on USD, despite the fear of default, national governments are still buying USD as reserve currency, Moods said no downgrading of US economy, So USD remains strong
Hello everyone,
After news, we got nice shake out bar on ultra high volume on EUR/USD which means that down corrective phase may ended.
I placed Fibonacci expansion to find potential D point (end of corrective phase) and i got FE 100 % at price 1.3499 and FE 161.8 % at price 1.3433.We also got decreasing in volume which is sign that this may be small corrective phase.After testing of these FE levels, we may see starting of bullish movements and testing of level 1.3710 and 1.3800.Selling this pair looks risky so watch for buying opportunities after corrective phase.Corrective phase is usually trap for non infromed traders to start selling but since we are in strong bullish trend with a good volume background for the futher up, any selling is risky....
Wish you good trading ....

Best Regards,
Petar
"Buy on fear, sell on greed !!!
Wait 1.3550-80 range and sell it. Stop Loss 1.3720. Take profit first target 1.31 and second is 1.28.
  •  Guest
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Quoting spik
eurjpy bought @ 131,54. So far so good.
sorry that you are on the wrong side of the trade.
Post #84 sounds pretty sound to me and the chap that posted it appears to look at things objectively. He certainly is an example of a trader that does not engage in the dubious past time of "fundamental analysis" - that voodoo approach akin to reading the entrails of dead animals to tell the future. Nice One!
Quoting Rsd
Pips is the smallest unit price in the pairs traded.
Because we have XAUUSD traded in 2 decimals, for example $1310,22, then 0.01 is equal to 1 pip.
It means that $1.00 gold price equals to 100 pips.
And $70.00 gold price equals 7,000 (seven thousands) pips.
Anilamil was right.

Pips in gold trading is not the same with forex trading.
Since forex usually has 4 or 5 digits decimal, than 1 pip in forex equal to $0.0001

About lot:
1 regular lot in gold trading equals to 100 troy ounces (toz).
1 Mini lot = 10 ounces
1 Mikro lot = 1 ounces.
So...
Yes mr. wise I know that but talking to basic to the newbie when you tell them gold moves 7000 pips in favour of you they think they get 70 000$ profit. But the fact that they will get 7000$ Profit. So all I was saying that it moves was 700 pips worth move....
Quoting cppolybd
Yes mr. wise I know that but talking to basic to the newbie when you tell them gold moves 7000 pips in favour of you they think they get 70 000$ profit. But the fact that they will get 7000$ Profit. So all I was saying that it moves was 700 pips worth move....
I don't think so. When you talk about pips move then it is about the pips count, not about the profit. Anilamil talked about the pips moved in the gold price during last fomc and it is true that it was 7000 pips. The profit depends on the lot size that you take. I think you are the one who subjectively relate the pips with the profit in forex in your mind. I don't trade gold, i trade currency, but i understand when anilamil talked about 7000 pips.. i will be confused if you say it was 700 pips because it means it only moved by 7 dollars... so let's just use the standard pips counting... cheers
Quoting Shelika
I don't think so. When you talk about pips move then it is about the pips count, not about the profit. Anilamil talked about the pips moved in the gold price during last fomc and it is true that it was 7000 pips. The profit depends on the lot size that you take. I think you are the one who subjectively relate the pips with the profit in forex in your mind. I don't trade gold, i trade currency, but i understand when anilamil talked about 7000 pips.. i will be confused if you say it was 700 pips because it means it only moved by 7 dollars... so let's...
So according to you you will get 7000*10 $ profit if you open a trade in 1 standard lot and gold moves in favour of you about 1296 to 1366 . That's fascinating...
lol , rsd and shelika speak english better than me
cppolybd, maybe in ur MT its 7000*$10 , but in my MT its 7000*$1 , this is why i only talked about the pips , not the profit... because people's MT is different each other...
what are u talking is right , but rsd and shelika is right also. nobody wrongs here, only misunderstanding i think.
Quoting anilamil
cppolybd, maybe in ur MT its 7000*$10 , but in my MT its 7000*$1 , this is why i only talked about the pips , not the profit... because people's MT is different each other...
what are u talking is right , but rsd and shelika is right also. nobody wrongs here, only misunderstanding i think.
Sorry, I disagree with you.
Correct is correct, wrong is wrong because if we are talking about UNITS, we have to be EXACT.
You can't say 1 m is the same with 1 km.
1 pip in gold trading is EXACTLY $0.01 gold price. Nothing more nothing less. That's what every professional trader in the world knows. No matter you say in Sydney, Tokyo, London, or New York, every trader shall understand instantly if you said 7,000 pips of gold trading then it's $70 in gold price that you mean. It has nothing to do with profit or loss you have.
It's up to anybody if they want to learn to speak in the same "international forex language" correctly or they only want to defend their own opinion, which is totally wrong and sounds "weird" to professional.
I just want to share this basic thing, not to look for who is right or who is wrong. It's up to everyone to take it or dump it. There's no advantage for me to force anyone to agree with me even though I know I'm 100% right.
Cheers and happy trading....
Quoting Rsd
Sorry, I disagree with you.
Correct is correct, wrong is wrong because if we are talking about UNITS, we have to be EXACT.
You can't say 1 m is the same with 1 km.
1 pip in gold trading is EXACTLY $0.01 gold price. Nothing more nothing less. That's what every professional trader in the world knows. No matter you say in Sydney, Tokyo, London, or New York, every trader shall understand instantly if you said 7,000 pips of gold trading then it's $70 in gold price that you mean. It has nothing to do with profit or loss you have.
It's up to anybody...
hahaha, kejam sekali , saya sih ingin mendamaikan suasana sebelum ada keributan di FF , btw indo kan? punya facebook?
Quoting anilamil
hahaha, kejam sekali , saya sih ingin mendamaikan suasana sebelum ada keributan di FF , btw indo kan? punya facebook?
Hehehe... betul dari Indo.
Saya tahu maksudnya Anil dan saya bukan mau cari ribut. Tapi kadang-kadang kita memang harus gitu. Dikasih tahu yang benar koq ngga mau. Ya sudah peduli amat.
Sori, saya ngga aktif di fb soalnya banyak gangguan banget disana.
PM aja via FF ini.
  •  Guest
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gold to go 1209 on the 21st oct in my humble opinion
Quoting anilamil
cppolybd, maybe in ur MT its 7000*$10 , but in my MT its 7000*$1 , this is why i only talked about the pips , not the profit... because people's MT is different each other...
what are u talking is right , but rsd and shelika is right also. nobody wrongs here, only misunderstanding i think.
Check the link and tell me what does this mean ...
https://m.facebook.com/permalink.php?id=254073191312802&story_fbid=543503352369783

I can give you much more example.
I was trying to tell you that newbie will be confused when they see that in spite of 7000 pips gain they made only 700 worth pips profit. For example Gold move 1300 to 1370 . You open buy in 1 standard lot. That means profit will be 700* 10 not 7000*10..
By the way you seem very polite to me. But RSD and SHELIKA remind me Empty vessel sounds much...
Quoting sami4240
i think it will go down all the way to 1.3200
Quoting santoo
Euro down towards 1.3200-1.300
Quoting May
Wait 1.3550-80 range and sell it. Stop Loss 1.3720. Take profit first target 1.31 and second is 1.28.
o yeah, i like these guys..
since it's on 1.35, so let's enjoy 300+ pips ahead
"If you run, you'll only die tired." - Sniper's philosophy
My oh my they still don't get it. They still hook their star to" New Keynesian macroeconomy" and now want factor the failure factor in " important labor market frictions". When will they realize that Keynesian economics does not work. It interferes with the free market. I guess they just can't shake they liberal underpinning they got at Princeton or some other liberal institution of brain washing.
What part of Classic Keynes theory did you not get? You think this Frankenstein economic creationism has anything in common with Keynes?

Quoting tradewind
My oh my they still don't get it. They still hook their star to" New Keynesian macroeconomy" and now want factor the failure factor in " important labor market frictions". When will they realize that Keynesian economics does not work. It interferes with the free market. I guess they just can't shake they liberal underpinning they got at Princeton or some other liberal institution of brain washing.
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
Yes.
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