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  • #3,161
  • Oct 31, 2017 12:13am Oct 31, 2017 12:13am
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  • #3,162
  • Oct 31, 2017 2:52am Oct 31, 2017 2:52am
Here we come again.
When you see it, BET big.
  • #3,163
  • Oct 31, 2017 3:51am Oct 31, 2017 3:51am
Quoting PatienceFx
{quote} yes, you called me ?
  • #3,164
  • Oct 31, 2017 4:02am Oct 31, 2017 4:02am
Quoting auricforecas
{quote} I also heard its almost impossible in FX... Inside/manipulation.. almost impossible except for central banks or bank netowork... Still wonder what 1B dump would do...
Nothings impossible. It's just extremely difficult. Hell crossing the Antarctic was 'impossible' yet they still did it?

Don't worry about the manipulation, just try to predict it and use to advantage. After all, it goes up or down? Use the right strategy and you'll be laughing all the way to the bank.

Having said that, if you're doing it for money only that get out now while you can. The market is a vacuum and your cash is the crumbs that the big boys pick up. If you cannot understand why they do what they do, than you'll never be able to beat them. Only sharks can kill the sharks my friend.

A
Humans are naturally hardwired to avoid and detest uncertainty.
  • #3,165
  • Oct 31, 2017 4:07am Oct 31, 2017 4:07am
Euro's days are numbered. Economic improvement is too diverse to cause any demand for the Euro at sustainable 'rallying' levels. The Euro project is political in nature, not economical. Bet on USD strength, even if it doesn't occur the probabilities are way higher than that toilet tissue Euro is.

Does anyone even know what the 'Carry-trade' is?

May the odds be ever in your favour.

p.s Market manipulation is a piece of cake. Any good Algorithm can manipulate a currency or equity if volume levels and perceived market extremes are suitable. Again it comes down to probabilities and profitability. Anyone in high finance can tell you that.
Humans are naturally hardwired to avoid and detest uncertainty.
  • #3,166
  • Oct 31, 2017 4:10am Oct 31, 2017 4:10am
Quoting CannonScout
{quote} Nothings impossible. It's just extremely difficult. Hell crossing the Antarctic was 'impossible' yet they still did it? Don't worry about the manipulation, just try to predict it and use to advantage. After all, it goes up or down? Use the right strategy and you'll be laughing all the way to the bank. Having said that, if you're doing it for money only that get out now while you can. The market is a vacuum and your cash is the crumbs that the big boys pick up. If you cannot understand why they do what they do, than you'll never be able to...
well... not that much prediction, but manage information and take decision based on information. less forecasting, more analising. then you will have that point when you can enter long or short
MAKE IT RAIN
  • #3,167
  • Oct 31, 2017 4:39am Oct 31, 2017 4:39am
Quoting CannonScout
{quote} Nothings impossible. It's just extremely difficult. Hell crossing the Antarctic was 'impossible' yet they still did it? Don't worry about the manipulation, just try to predict it and use to advantage. After all, it goes up or down? Use the right strategy and you'll be laughing all the way to the bank. Having said that, if you're doing it for money only that get out now while you can. The market is a vacuum and your cash is the crumbs that the big boys pick up. If you cannot understand why they do what they do, than you'll never be able to...
Yes I understand. Also, if you can't beat them... I would like to have/manage a bank, the bank. I imagine it must be fun as f... to press enter and things happen.
Can you afford to take that chance?
  • #3,168
  • Oct 31, 2017 4:50am Oct 31, 2017 4:50am
Quoting auricforecas
{quote} Yes I understand. Also, if you can't beat them... I would like to have/manage a bank, the bank. I imagine it must be fun as f... to press enter and things happen.
there is lot of pressure in that job as well. its not a paradise job. you have to deliver week in and week out
  • #3,169
  • Oct 31, 2017 4:52am Oct 31, 2017 4:52am
Quoting Rennaissance
Here we come again.
oops your return by trade graph. I wonder why are u wasting your time trading 0.01 lots.
  • #3,170
  • Oct 31, 2017 4:52am Oct 31, 2017 4:52am
[quote=auricforecas;10442032]{quote} I also heard its almost impossible in FX... Inside/manipulation.. almost impossible except for central banks or bank netowork... Still wonder what 1B dump would do...[/quo

Around 5 years ago,maybe longer,I forget,there where some "petro dollar" outfits that used to do
what was called a "driveby" where they would hit the market with a yard (1B) spread across 3 or
4 dealers at roughley the same time,it seemed to happen on a Tuesday or Wednesday afternoon
London time,the market would quickley fall around 50 to 70 pips and then over the next couple of
hours it would be back where it started,dealers soon started to refuse these orders.
  • #3,171
  • Oct 31, 2017 4:54am Oct 31, 2017 4:54am
Quoting Robb1e
Quoting auricforecas
{quote} I also heard its almost impossible in FX... Inside/manipulation.. almost impossible except for central banks or bank netowork... Still wonder what 1B dump would do...[/quo Around 5 years ago,maybe longer,I forget,there where some "petro dollar" outfits that used to do what was called a "driveby" where they would hit the market with a yard (1B) spread across 3 or 4 dealers at roughley the same time,it seemed to happen on a Tuesday or Wednesday afternoon London time,the market would quickley fall around 50 to 70
...
Thanks, seems about right...
Can you afford to take that chance?
  • #3,172
  • Oct 31, 2017 4:54am Oct 31, 2017 4:54am
out news might spike noise.
When you see it, BET big.
  • #3,173
  • Oct 31, 2017 4:54am Oct 31, 2017 4:54am
Quoting auricforecas
{quote} Yes I understand. Also, if you can't beat them... I would like to have/manage a bank, the bank. I imagine it must be fun as f... to press enter and things happen.
I imagine the cocaine and new Lexus is the most fun. Yet for many it's just a job and a salary. Movies like "Wall Street" have been very successful is skewing the perception of Wall Street. While millions can be made (millions not billions), the vast multitude still take the subway and look for the specials. You can see them in the supermarket. Grey hair (if any) and grey suit with grey outlooks on life. Trust me, find your passion and do that. Finance is nothing like what you think it is.

And no, its not fun. It's extremely stressful and after a while it becomes essentially dull. This 'excitement' is merely your imagination creating events and perceiving excitement as it's outside your norm.

But what do I know?

A
Humans are naturally hardwired to avoid and detest uncertainty.
  • #3,174
  • Oct 31, 2017 5:00am Oct 31, 2017 5:00am
Quoting CannonScout
{quote}Movies like "Wall Street" have been very successful is skewing the perception of Wall Street.
I believe that that many movies have a profound message inside them... but most people won't see it. Mark Hanna nailed it, but people think it was a joke. Only seniors got it. Ok that would be all from the topic, for now.
Can you afford to take that chance?
  • #3,175
  • Oct 31, 2017 5:00am Oct 31, 2017 5:00am
Anyway back to Euro.

You think this inflation data will have any impact whatsoever? Drag's already announced his plans. Nothing will change that even if inflation reached 5%.

Noise, that's all
Humans are naturally hardwired to avoid and detest uncertainty.
  • #3,176
  • Oct 31, 2017 5:02am Oct 31, 2017 5:02am
Quoting CannonScout
Anyway back to Euro. You think this inflation data will have any impact whatsoever? Drag's already accounted his plans. Nothing will change that even if inflation reached 5%. Noise, that's all
All the data they publish will only have a temporary effect, but the course has been set, at least for the next 3months [downtrend].
Can you afford to take that chance?
  • #3,177
  • Oct 31, 2017 5:03am Oct 31, 2017 5:03am
Quoting auricforecas
{quote} All the data they publish will only have a temporary effect, but the course has been set, at least for the next 3months [downtrend].
More like next year and a half bro. Draghi's policies are to extend to next September at least if I recall correctly. Anything beyond this relating to USD movements.
Humans are naturally hardwired to avoid and detest uncertainty.
  • #3,178
  • Oct 31, 2017 5:05am Oct 31, 2017 5:05am
Quoting CannonScout
{quote} More like next year and a half bro. Draghi's policies are to extend to next September at least if I recall correctly. Anything beyond this relating to USD movements.
You mean downtrend from now till middle of 2019?
Can you afford to take that chance?
  • #3,179
  • Oct 31, 2017 5:14am Oct 31, 2017 5:14am
I marked 1.1635 as nearest resistance and at this stage I would like to shift back to selling, and as close as it gets to 1.1644.. My targets would be 1.1610 and maybe lower.. the market is slow, normally I would aim for 1.1570 at least.. anyways.. time will show..

If I can open any sell trade here, I would try to close my sell with minimum loss once I see a touch at 1.1661 (therefore stop losses should be above that level)

Good luck to all..

Stay Green
Focus only on what truly matters!
  • #3,180
  • Oct 31, 2017 5:16am Oct 31, 2017 5:16am
Quoting auricforecas
{quote} You mean downtrend from now till middle of 2019?
No. "Anything beyond this relating to USD movements." The course for ECB policy has been set till next September at the least (if I recall correctly.)

I make no predictions or statement towards the long term trend of the Euro. Yet my sentiment is evident in the above posts. (No one will buy 'toilet-tissue' will they?

A
Humans are naturally hardwired to avoid and detest uncertainty.
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