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  • Time To Sell EUR/USD; Stay Long USD/JPY - BofA Merrill

    From efxnews.com

    Bank of America Merrill Lynch remains bullish on the USD. "Our favorite USD long remains USD/JPY, particularly following the break of key resistance at 100.62, the Sep-11 high. Through here should result in trend acceleration clearing the way for the May-22 highs at 103.74 and eventually 104.60/105.00 (measured move)," BofA clarifies. In line with this view, BofA maintains a long USD/JPY position from around 99.53 (avg), risking 97.61, targeting 104.60. Meanwhile, BofA thinks that as USD strength is set to become increasingly widespread, selling EUR/USD seems also attractive. "EUR/USD break of 2wkt rendline ... (full story)

It is nice when market maker tells to retail trader what to do....
The Market pays you to be disciplined
i'm in
Quoting mima
It is nice when market maker tells to retail trader what to do....
yes, so they can f*** you from behind....
Quoting skymania
yes, so they can f*** you from behind....
Put a barricade behind your back
I love it when they come out like this.
efxnews always have this types of news.... All those banks want our money and I'm not talking about via a checking or saving accounts..... via efxnews so a couple of stupids fall for it.
Quoting skymania
yes, so they can f*** you from behind....
They do that too?
The Market pays you to be disciplined
GJ AND EJ STAY SHORT FOLLOW NIKKEI.
coz they short GU and EU
  •  Guest
  • | IP XX.XXX.78.89
Imagine that they very well know what you think. Now they use cheap way to make you think " o yeah, they think I'm stupid, they say to sell so I will buy, they always say opposite to what they do "

Hey, look around, this is so obvious level to sell that they need to make buyers, and how to make them ?
the easiest way is if a MM say " sell " so everybody thinks to do the opposite !
And that is what they want , they want you to buy now

Castus
AG
Quoting khol_hands
GJ AND EJ STAY SHORT FOLLOW NIKKEI.
coz they short GU and EU
Bit early to go short EJ isn't it - it's making multi-year highs and could easily go up another couple of hundred, but each to their own.
I've got my pips - go get yours!
Is forex trends seem to have been in the movement patterns??? Like they know where forex trends will go ....... why forex trading has high risk but high gain and we have to follow trends to make money
Quoting mima
They do that too?
yes! At your expense.
Time To Sell EUR/USD yes ,,,,,, thanks for info coz i'm waiting you on downtrends baby hurry give me some money before closing market yehhh
Hello everyone,
Be careful with any selling on this pair, since we got 2 large selling climax and demand overcoming supply at 1.3300 and 1.3400.We may see testing of level 1.3630.
I alerted also anyone after FOMC meeting about possible trap for sellers and they are acctualy trapped around 1.3400...

Best Regards,
Petar
"Buy on fear, sell on greed !!!
  •  Guest
  • | IP XX.XXX.183.204
what a farse, but again, everyone can be right. same as saying that the world economy will colapse in the future
time to watch more closely.....
Not selling today. Next week it may test 1.31-1.32.
Quoting frx_trader
Not selling today. Next week it may test 1.31-1.32.
1.3 next week and by end of year 1.15 maybe 1.10 will see.
The Market pays you to be disciplined
Quoting mima
1.3 next week and by end of year 1.15 maybe 1.10 will see.
Good for you
  •  Guest
  • | IP XX.XX.224.103
Quoting mima
1.3 next week and by end of year 1.15 maybe 1.10 will see.
Still having monitor upside down eh?
Selling on a Friday means hanging your tail out all weekend, until london comes on line and just takes out fridays high leaving you feeling they knew that your order was there.

They did
Better strategy is go long target 1.358 you know they won't like that
Quoting Guest
Still having monitor upside down eh?
Of course, Whenever needed to convince myself that I am in right direction
The Market pays you to be disciplined
Quoting Guest
Imagine that....
Too much inverse thinking and guessing....
The Market pays you to be disciplined
If I am not mistaken Nikkei has gone up about 40-50% this year.
Quoting skymania
yes, so they can f*** you from behind....
They wouldn't do that would they....bend over guys.
Interesting that USD/JPY ranged all day within 30 pips while Eur/JP and GPB/JPY kept making new highs with moves of about 130 pips for the day.

What is holding back the USD/JPY?
correlation broken,
DO NOT follow usd/jpy
x/jpy more profitable.

cheers,
opn
Quoting Guest
Imagine that they very well know what you think. Now they use cheap way to make you think " o yeah, they think I'm stupid, they say to sell so I will buy, they always say opposite to what they do "

Hey, look around, this is so obvious level to sell that they need to make buyers, and how to make them ?
the easiest way is if a MM say " sell " so everybody thinks to do the opposite !
And that is what they want , they want you to buy now

Castus
AG
Since there has been a clear and obvious sentiment change in the news section here at FF from trusting banks/efxnews, to distrusting them, I am very inclined to agree (from a purely conspiracy point of view ).

Banks making money by telling the truth???

Now fancy that eh.....

lol....
Come with me if you want to live....
your eu short gonna get stopped out... 3585 gonna hit
  •  Guest
  • | IP XX.XX.121.249
gbpjpy is at monthly resistance. Maybe short for xxx/jpy
What a laugh ---------------------------> seems to me these blind bats here missed a crucial turning point somewhere along the line (wrt the euro) ----------------------------------------------------------------------------------------------------------------------------------------------------------> But then again were they looking for one? Do they have the theoretical underpinnings to find one? Do they have the tools? (Y) = a+bx would be the sort of setup I see them employ here (makes no sense really) but am I the Darkdoji or what? Good Morning -----------------> what a laugh at a scandal as we go up and up and up
It is a signal not just advice, nevertheless the risk is given to traders.
Listen to the news but dot take advise from any market maker.
When I was a kid I remember a story about Wolf.Wolf. There was a shepherd you used to play pranks with his village people. Now and then he would come running to the center of the village and start shouting that a wolf was attacking his sheep nearby. The villagers would accompany him every time with sticks to hit the wolf only to find that the shepherd was playing a prank on them and fooling them for his own entertainment. The villagers soon got fed up and stopped believing him. One day it so happened that truly a wolf came and attacked his flock. He once again came running to the center of the village shouting Wolf.Wolf. But this time nobody listened to him and all his sheep had been attacked.
Same with all market makers. When they are telling the truth and when they are bluffing ,we can't precisely say. So its best to keep away from their advise and do our own research and trade accordingly.
Leaders don't do different things, but they do the same things differently.
Quoting Guest
Imagine that they very well know what you think. Now they use cheap way to make you think " o yeah, they think I'm stupid, they say to sell so I will buy, they always say opposite to what they do "

Hey, look around, this is so obvious level to sell that they need to make buyers, and how to make them ?
the easiest way is if a MM say " sell " so everybody thinks to do the opposite !
And that is what they want , they want you to buy now

Castus
AG
But mainly they do not know themselves (because think about it if they did they would not need your money) ---------> GS lost a $billion or more We who know are in the tiny proportion and that is the way it will always be. >>>>>>>>>>>>>+++--> I just nuked a dancing banana Nice One!

BTW: We are going up instantaneously and in the long-term 1.37 is in range
  •  Guest
  • | IP XX.XXX.224.152
It is to early for Euro bulls to celebrate victory. Euro must close above 1.3650 to negate the downside bias. Look at the H & S formation developing on the H4 chart. Euro will be capped between 1.3580-1.3630 price zone. Euro will be at 1.2800-1.3000 zone by end of year.
Quoting Loadedgun
We are going up instantaneously and in the long-term 1.37 is in range
1.35504 Long on Friday.............. UP and UP and UP! I'm thinking 1.38 is doable. We will see what happens.
  •  Guest
  • | IP XX.XXX.78.89
Imagine that they very well know what you think. Now they use cheap way to make you think " o yeah, they think I'm stupid, they say to sell so I will buy, they always say opposite to what they do "

Hey, look around, this is so obvious level to sell that they need to make buyers, and how to make them ?
the easiest way is if a MM say " sell " so everybody thinks to do the opposite !
And that is what they want , they want you to buy now

Castus
AG


Loadedgun

But mainly they do not know themselves (because think about it if they did they would not need your money) ---------> GS lost a $billion or more We who know are in the tiny proportion and that is the way it will always be. >>>>>>>>>>>>>+++--> I just nuked a dancing banana Nice One!

BTW: We are going up instantaneously and in the long-term 1.37 is in range

Dear Loadedgun

Its good you you believe in your analysis and your long term view 1.37

I don't have long term views about any currency, I just think Forex is not good place for guessing.

All I can say is E/U is not going to go higher than 1.35583 on Monday.
How do I know that ? Price only and no indis on chart
Well, actually I don't know that for sure BUT I would sell with 0.5 % stop loss on Monday open ( if there is gap down I would wait for gap fill and then sell )

If I am wrong, well I will lose 0.5 %
Quoting Ill-b-back
Since there has been a clear and obvious sentiment change in the news section here at FF from trusting banks/efxnews, to distrusting them, I am very inclined to agree (from a purely conspiracy point of view ).

Banks making money by telling the truth???

Now fancy that eh.....

lol....
Generally I support your view, but then a few days ago four different banks said to short EurGbp. Following that call would have made you 80 pips within that day, and ~200 pips if you hung in there.

Personally I think they were just softening us up....
Carbon-Dioxide: the gas of life!
Quoting Exodus
Generally I support your view, but then a few days ago four different banks said to short EurGbp. Following that call would have made you 80 pips within that day, and ~200 pips if you hung in there.

Personally I think they were just softening us up....
lol....
Yes, filling our coffers, maybe feeling festive.

It was just that for about 12 months there on the Euro and Cable they were making bullish calls at bearish turning points and bearish calls at bullish turning points (buy very high/sell very low). The tone of their posts was one of near certainty of a positive outcome without any tech analysis offered what so ever.
I even saw a double header on Cable. One banks bullish view had their posted stop taken out at the retest of a broken TL (where I bought ), then another bank had the stop of their bearish view taken out at resistance as price moved back up after the TL retest. (where I took profit )

It was just nuts....

needless to say, all their calls crashed and burned.

My responses were not born out of a victim mentality as I ignored all the calls and offered up my own analysis that refuted their BS.

It was just some of the worst forex trading advice I had ever seen anywhere and couldn't help but think it was intentional as it was extremely hard to imagine they were trying to be helpful.

Anyway, I'm over it,

#%^* it

Come with me if you want to live....
Quoting openyoureyes
correlation broken,
DO NOT follow usd/jpy
x/jpy more profitable.

cheers,
opn
I made some good pips on GBP/JPY last week and thought I was doing good--until today when I happened to check a couple of pairs I never trade==GBP/Aud and GBP/NZD --and saw they moved about 500 pips Thur/Friday.

Oh well, those weren't my pips. They belonged to someone else.
  •  Guest
  • | IP XX.XXX.110.4
Yea right. sell eurusd and get stuck with it when it hits 1.3480 if it will... then they can laugh at your asss. Just like IMF saying AUDUSD is overvalued, just so they can buy
Well I hope people took the reverse trade
oh look, they got it right - target 104.60 hit - then crash ... sound of BofA ML cashing out??

http://i39.tinypic.com/hrfnza.png
Yep, they were right with the target of 104,60 on Us/yen. But that was too obvious and well predicted wordwide with the $ strengthing! They made easy money also because they knew the near future of their country. Maybe they are also right with the further climbing to 105 and more.
Read everything but follow only your plan!
Per aspera ad astra
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  •  Guest
  • | IP X.XXX.226.14
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  • Story Stats
  • Posted: Nov 22, 2013 7:52am
  • Submitted by:
     eFx Newz
    Category: Technical Analysis
    Comments: 45  /  Views: 11,919