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  • #1,124,001
  • Jul 20, 2017 5:30am Jul 20, 2017 5:30am
Quoting bbk1
{quote} What is with GBP ?
pushing itself down like crazy, when many things sugesting for it to go up.
  • #1,124,002
  • Jul 20, 2017 5:30am Jul 20, 2017 5:30am
Quoting builder
Hating GBP
Even though retail sales is GBP positive yet GBPUSD is going down.
This is how market moves. Up and down at its own wishes ( wish of Big Players )
When the going gets tough , the tough get going
  • #1,124,003
  • Jul 20, 2017 5:32am Jul 20, 2017 5:32am
Quoting Stubborn
{quote} Even though retail sales is GBP positive yet GBPUSD is going down. This is how market moves. Up and down at its own wishes ( wish of Big Players )
Lol retail sales is actually nonsense data but I like it. Its summer time!! It was always bound to be high.
  • #1,124,004
  • Jul 20, 2017 5:34am Jul 20, 2017 5:34am
Quoting builder
{quote} pushing itself down like crazy, when many things sugesting for it to go up.
Most recent news that came up against GBP is the fact that inflation has gone down which relieved the British central bank from having to consider hiking the interest rate. That maybe the reason for it going down
Enter Signature
  • #1,124,005
  • Jul 20, 2017 5:38am Jul 20, 2017 5:38am
Only direction is UP!
We err, and err, and err again, but less.
  • #1,124,006
  • Jul 20, 2017 5:40am Jul 20, 2017 5:40am
In just 7 minutes we will know if Draghi was planning a rate hike which I doubt he would do that at this time... So? Down down EURUSD baby down..
Enter Signature
  • #1,124,007
  • Jul 20, 2017 5:40am Jul 20, 2017 5:40am
Quoting bbk1
{quote} Most recent news that came up against GBP is the fact that inflation has gone down which relieved the British central bank from having to consider hiking the interest rate. That maybe the reason for it going down
Hmm your very much right and I feel stupid for not having it on a short as I only focus on fundamentals.
  • #1,124,008
  • Jul 20, 2017 5:41am Jul 20, 2017 5:41am
Quoting Samson85
{quote} I agree. The Euro is in a stable place right now. I don't see the need for it to go up or down drastically!! He just needs to touch on inflation a bit. TBH I don't see why investors fancy it so much. USA has guaranteed rate hikes but the euro doesn't so I don't get why people buy it so much. If investors want to make money but the interest rate is 0 then what's the point!!! commercial banks are having the times of their lives right now!!
Ok, you should buy euro when Dragi said that he is going to stop stimulus plans. For example, when BOJ announced QE in a future it forced iena to drop.
  • #1,124,009
  • Jul 20, 2017 5:42am Jul 20, 2017 5:42am
Quoting bbk1
In just 7 minutes we will know if Draghi was planning a rate hike which I doubt he would do that at this time... So? Down down EURUSD baby down..
7 minutes? Please correct your watch buddy
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,124,010
  • Jul 20, 2017 5:42am Jul 20, 2017 5:42am
Quoting NotAtrader
{quote} 7 minutes? Please correct your watch buddy
Must have had too many red bulls lmao
  • #1,124,011
  • Jul 20, 2017 5:45am Jul 20, 2017 5:45am
Quoting Sunnyland
{quote} Ok, you should buy euro when Dragi said that he is going to stop stimulus plans. For example, when BOJ announced QE in a future it forced iena to drop.
I think the BOJ is suffering right now because there is a inflation isn't hitting its target.

With the euro at 0% all darghi words mean nothing. The USD is going to drive it down soon.
  • #1,124,012
  • Jul 20, 2017 5:48am Jul 20, 2017 5:48am
Quoting NotAtrader
{quote} 7 minutes? Please correct your watch buddy
on forex news log it says "minimum bid rate" at 11:45 gmt... Am I messing something??

EDIT: AH.... one more hour
Enter Signature
  • #1,124,013
  • Jul 20, 2017 5:48am Jul 20, 2017 5:48am
Quoting bbk1
{quote} I agree with you but we have to be careful because I would not be surprised to see Central Banks going against what is logical just to make retail traders lose money. So what can we do to protect against them? I am planning to put sl just a minute or so before start of Draghi conference
Yeah . Central Banks's main goal is to keep beheading retail traders !!!
I have no idea how this statement may sound logical to You !
Dont You think these guys have more important matter to sort out ?
  • #1,124,014
  • Jul 20, 2017 5:50am Jul 20, 2017 5:50am
Quoting bbk1
{quote} on forex news log it says "minimum bid rate" at 11:45 gmt... Am I messing something??
You have 1h , relax .
Press conference in 1h40m
  • #1,124,015
  • Jul 20, 2017 5:55am Jul 20, 2017 5:55am
For me, 12pm London [7am Eastern] is very important.
12H, 6H, 4H, 3H, 2H, 1H etc, all flip to the next time frame.
This must be a factor in market algos?
It is quite often a turning point.
Cheers, U2
Wait, or you will be slaughtered!
  • #1,124,016
  • Jul 20, 2017 5:57am Jul 20, 2017 5:57am
Quoting yanitsa
{quote} Yeah . Central Banks's main goal is to keep beheading retail traders !!! I have no idea how this statement may sound logical to You ! Dont You think these guys have more important matter to sort out ?
If they let you make money that means they lose... so they make you lose so they can make money. Does that make sense to you?
Enter Signature
  • #1,124,017
  • Jul 20, 2017 6:00am Jul 20, 2017 6:00am
Quoting yanitsa
{quote} You have 1h , relax . Press conference in 1h40m
I corrected myself on my post with a EDIT remark but thanks anyway
Enter Signature
  • #1,124,018
  • Jul 20, 2017 6:02am Jul 20, 2017 6:02am
At the moment, you can observe that the main movement of the price to the support line to 1,14775 point. However, I believe that the price in the next two hours will go up to 1.15454 point. And maybe even higher to the point of 1.15705. However, if the price reaches support and pierces it, the price will go to 1.14587 point. However, I think this is unlikely
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  • #1,124,019
  • Jul 20, 2017 6:04am Jul 20, 2017 6:04am
Quoting bbk1
{quote} If they let you make money that means they lose... so they make you lose so they can make money. Does that make sense to you?
Hi friend! This is not quite true. The market doesn't work that way. There is latency and inefficiency in the market. This is where every traders make money. The faster you are the more consistent profits you make (to some degree, but this is another topic).

Cheers

EDIT: Without these two properties, the market would be so choppy and noisy that trading would be impossible.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,124,020
  • Jul 20, 2017 6:22am Jul 20, 2017 6:22am
Quoting bbk1
{quote} If they let you make money that means they lose... so they make you lose so they can make money. Does that make sense to you?
No , sorry , it doesnt .
Central banks are in money lending /creating/ business .The crumbs off the spot market we are playing for shouldnt concern them at all .
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