What should i do now? What are the mistakes? wait or close these cactus plants?! I also don't want to lower my balance 
1.00=0.01 (due to micro a/c)
1.00=0.01 (due to micro a/c)
- #4,782
- Nov 15, 2017 3:12am Nov 15, 2017 3:12am
- | Joined Aug 2012 | Status: Trader, baker, candlestick maker! | 728 Posts
{quote} the rate hike is a done deal. when they made it cear that the hike will be done, market priced that. the bigger surprise will be if will not be done. but there is like 90% chance for rate hike. so that is considered done deal and already priced in the market. i don think that we will see a big move on that. tax bill, yes, this will be a key factor for USD. regarding the economy... you say everyone is saying us economy doing great, but on bloomberg tv i saw diferent people, like banks CEO, saying eurozone economy doing better then ever, and...
FED is looking at 2 key factors, inflation and job market, yesterday's PPI was better than expected but of course the big boys went the other way so they can kill the small traders who started buying the USD after the good data.
Eurozone is doing better then ever?
)))))))))))) BREXIT is on talks which will cut off a large chunk of EU cash, Catalunia is still a powder keg, and it seems that nobody is talking about the BIG Greek "sh*t" under the carpet. The big market players are overusing this "Tax deal talks" to fuel their current positions and buy the USD at lower levels.To get back to this topic I'm short EURUSD with 1.750 in sight for 1-2 weeks and 1.5985 for 1 month, still way under MA200 on monthly. I might add some hedge positions if the USDX goes and confirms a break under 93.400
P.S: Nu mai culca urechea la ce zic aia pe bloomberg pentru ca asa pierzi cel mai usor banii, fa-ti analiza pe termen mediu lung pe fundamentale si tehnic nu pe ce vorbesc babunii aia la TV sau pe siteuri! Bafta
- #4,785
- Nov 15, 2017 3:21am Nov 15, 2017 3:21am
{quote} What are you even talking about the rate hike being priced IN ?? How can something that MIGHT happen, be priced in at current levels ? Obviously you were not trading Q1,Q2 or Q3 or other major KEY events, if you made statements like that, or if you base your fundamental analysis on "what BIG CEO's say on bloomberg".... FED is looking at 2 key factors, inflation and job market, yesterday's PPI was better than expected but of course the big boys went the other way so they can kill the small traders who started buying the USD after the good...
good point. i am not doing my analisys based on bloomberg or any other news website.and it makes a lot of sense what you say.
about eurozone problems, let's add 100 politicians quiting from France parlament because of Macron's atitude (latest news)
but i still have a question:
usd gains strenght from unemploiment data, inflation, rate hikes etc.
euro, no rate hikes yet. QE program to be cut in half from January. how much strenght we will se in EURO when they will start raising rates?
MAKE IT RAIN
- #4,787
- Nov 15, 2017 3:35am Nov 15, 2017 3:35am
- | Joined Aug 2012 | Status: Trader, baker, candlestick maker! | 728 Posts
{quote}
Negative for EUR upside:
1.Greek banking system, interconnected with Spains, Italys, Portugals but this massmedia manipulation shifted the attention from that HUGE money byn.
2. Catalunia problems.
3. BREXIT talks and actually BREXIT taking affect.
4. French/Macrons problems.
5. Inflation ?
6. The current ECB program that will continue at least 1 more year.
7???. Hmmm isn't Germany the locomotiv of EUROPE? and they rely massively on exports? So would their exports benefit from a higher EURO or a lower one?
- #4,788
- Nov 15, 2017 3:39am Nov 15, 2017 3:39am
What should i do now? What are the mistakes? wait or close these cactus plants?! I also don't want to lower my balance
)) is to have your plan ready before the trade is executed.if you don't lower your balance more, then close them I guess, unless you know for sure (or your plan tells you) that price will move in your favor again.
now, price might reverse just after you have closed your trades, and your account could have been better off there, but right here that's just wishful thinking.
... but I'm loosing myself, so don't give too much to my words.
- #4,793
- Nov 15, 2017 4:07am Nov 15, 2017 4:07am
- Joined May 2014 | Status: Full Time Trader | 27,130 Posts | Online Now
Focus only on what truly matters!
- #4,796
- Nov 15, 2017 4:12am Nov 15, 2017 4:12am
- | Joined Aug 2012 | Status: Trader, baker, candlestick maker! | 728 Posts
{quote} i don't know. i guess the export contracts are in euro. so i think they benefit from a higher euro. or not?
.On the graph I see that USDX bounced from 93.400, so I'm still eyeing this key level.
- #4,799
- Edited 5:23am Nov 15, 2017 4:20am | Edited 5:23am
- Joined May 2015 | Status: Trader | 1,148 Posts
Planning...
Question is if our timezone will be reversal in uptrend or to resume the uptrend after a retracement.
Rsi +80.
150PIP trading range but no entry's yet.
I'll go for the bounce on Fib Fan 78.6.
Question is if our timezone will be reversal in uptrend or to resume the uptrend after a retracement.
Rsi +80.
150PIP trading range but no entry's yet.
I'll go for the bounce on Fib Fan 78.6.
What's that smell? ---- I smell money!
- #4,800
- Nov 15, 2017 4:45am Nov 15, 2017 4:45am
- Joined May 2014 | Status: Full Time Trader | 27,130 Posts | Online Now
Focus only on what truly matters!