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  • EURUSD: Move Along…Nothing to See Here

    From forex.com

    Well that didn’t last long. The ludicrously ridiculous market moves seen in the immediate hours after the Federal Reserve’s monetary policy decision where they removed the word patient, but remained patient, are quickly being erased. While the USD took a brunt of the abuse once the Fed’s dot matrix was revealed, it is working hard to gain back some respect in the eyes of traders. In addition, equity markets are off their highs and commodities are dropping as well. It’s as if the market is resuming what it had assumed before the Fed did what a majority of market prognosticators expected they would. You could ... (full story)

  •  Guest
  • | IP XX.XXX.186.254
Well... it took out my stop. I'm pretty sure it stopped out a few others, too.
Woke up midle of the night and shorted this huge, just off gut feeling. Went straight into profit, moved stop to BE , letting it ride! Might be my new Porsche fund
All posts are my personal opinion
It was a short squeeze. Now, looking for new lows to be made in EURUSD.
There is nothing "ludicrously ridiculous" about how the market moves. Folks that think this way have no understanding of how the market REALLY works, which is what I have been saying about all these writers from the various publications for some time now.

They seem more interested in publishing their "insights" from a position of ignorance than in learning. And then calling the market "ludicrously ridiculous" when it is their own "insights" that are that way.
Quoting Rtm
Woke up midle of the night and shorted this huge, just off gut feeling. Went straight into profit, moved stop to BE , letting it ride! Might be my new Porsche fund
No Porsche fund for me. I moved mine just above BE and got hit. Oh well. I don't trade on news or fundamentals to begin with, I just happened to be in a trade prior to the release. I always adjust my stops around FOMC and other certain events. It is what it is
Quoting traderathome
They seem more interested in publishing their "insights" from a position of ignorance than in learning. And then calling the market "ludicrously ridiculous" when it is their own "insights" that are that way.
They have "insights" for what ever direction the market moves from the news. If it goes up, it is because of this and that, if it goes down, then it was from that and this. The "news" on the FF is really just for entertainment purposes - all the information a trader needs is already on their chart.
Quoting Aaronfb
The "news" on the FF is really just for entertainment purposes - all the information a trader needs is already on their chart.
+1
the approximate present does not approximately determine the future
Big news can make support/resistance weaker/stronger and the impact can last days. So its better to aware of the big events like QE, rate cut, FOMC announcement etc. Its hard to get a clue where the price was going to stop unless you watched the news yesterday for example.
1.23 coming i think stop loss 1.05
all have a nice day
focus while relaxed to see better
Quoting PipsExpress
+1
Highly entertaining; however, the calander is good. I like it because it's easy to see what events are being released throughout the upcoming days so I can manage stops. Other than that, it's full of rage posts and ridiculous articles and live breaking updates that have nothing backing them up or stating the obvious. The site could be renamed something better to mesh with its articles, like www.DERP.com or something.
  •  Guest
  • | IP XX.XX.162.229
30% of increase in the dollar value means dramatic downturn in US export and all USD foreign investments. This would have multilevel impact to many countries. Happening too fast. One good thing is that CN exports dying too so better for domestic producers
Quoting Guest
30% of increase in the dollar value means dramatic downturn in US export and all USD foreign investments. This would have multilevel impact to many countries. Happening too fast. One good thing is that CN exports dying too so better for domestic producers
Yes, this is great reason to be long EURUSD right now. It might fail, but the potential for a strong move way higher is awesome.
Quoting traderathome
There is nothing "ludicrously ridiculous" about how the market moves. Folks that think this way have no understanding of how the market REALLY works, which is what I have been saying about all these writers from the various publications for some time now.

They seem more interested in publishing their "insights" from a position of ignorance than in learning. And then calling the market "ludicrously ridiculous" when it is their own "insights" that are that way.
This was the best example of what you said before. Market makers can take the price anywhere they like with or without logic. Fed did not say anything that was not expected. They really took out the highest sl anyone could have thought of. MS said it would be a good short entry at 1.08.
Quoting Aaronfb
They have "insights" for what ever direction the market moves from the news. If it goes up, it is because of this and that, if it goes down, then it was from that and this. The "news" on the FF is really just for entertainment purposes - all the information a trader needs is already on their chart.
Lol, and what did you see on the chart that would suggest these moves...
  •  Guest
  • | IP XX.XXX.11.187
" It’s as if the market is resuming what it had assumed before the Fed did what a majority of market prognosticators expected they would."- Seriously something different took place on the day. Whether or not it looks like we have settled down to the prior pattern really depends on who is looking and with what tools (naturally) he is assessing the market over what range or period. I prefer to assess the balance of monetary forces directly and leave the conjectures as to reasons and pyschology, etc to others. From reading the balance of market forces (the money) I am convinced a lot changed just prior to and by the day of the FED meet (and since).

At this point I would argue that in fact the Euro has turned. Yes much of the initial rally is retraced but it is unlikely that we will see a move toward parity at this time. In effect I am doubtful that the trend has resumed. To be sure, from the pattern of trading to this point since week open - the Euro and AUD are still due to make a low in range (daily chart) but clearly that would be the pivot for a sustained recovery. Indeed it is not clear that it will not be a higher low relative to the current low in range but whatever it is it is more than likely the pairs have turned turned medium to long-term. Contrast that with Gold and Silver which are clearly due to resume their fall and do so immediately (i.e. from their immediate highs in range).

What is more it took just such a seperation between metals and currencies to usher in the remarkable downtrend we have seen to date - could it then be the case that we are also seeing the same flow pattern usher in a reversal?

The Crow (-_-)

BTW: The moral of my submission is simply that it is too early to assume business as usual and shorting counterparties insofar as the USD is concerned may need more evidence than the prose available from pundits inclined toward fundamental evaluation.
Quoting Aaronfb
They have "insights" for what ever direction the market moves from the news. If it goes up, it is because of this and that, if it goes down, then it was from that and this. The "news" on the FF is really just for entertainment purposes - all the information a trader needs is already on their chart.

So the chart saw this coming? Right at the second? Because it was the news release that moved it in a split second. To be on it and to max profit, you had to be on the news and ready.
  •  Guest
  • | IP XXX.XX.113.59
Whole world economy is slow.Look at the Baltic Dry Index and The Velocity of Money charts.Both still falling.I wouldn't hold Euros,I want King Dollars.
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  • | IP X.XXX.59.31
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  • Story Stats
  • Posted: Mar 19, 2015 11:12am
  • Submitted by:
     Newsstand
    Category: Technical Analysis
    Comments: 17  /  Views: 5,182