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  • #59,801
  • Jan 28, 2009 1:03pm Jan 28, 2009 1:03pm
Quoting macockiner2
Hi,

Considering the FOCM doesn't really have anywhere to go with the rates do you think we'll see any major movement around the announcement?

Cheers
every week there are some major news that will move the markets one way or another. what is said and done in 15minutes is the news that i think will move the markets for the rest of the week. Trichet has already indicated that any future rate decisions wont be taken until March. Note that the eur/usd has been consolidating at the high for 48 hours now in anticipation of these news. I do think we will see quite a bit of volatility with the real trend developing after market makers have interpreted what was said. My suggestion, exercise caution and best to stay out, have a good news source to read/listen to what is said/done to try to understand yourself future direction for eur/usd. It's the words and tone (hawkish/dovish) that counts this time around...not the near zero rate
Different opinions highly valued, ignorant to slander.
  • #59,802
  • Jan 28, 2009 1:04pm Jan 28, 2009 1:04pm
Quoting macockiner2
Hi,

Considering the FOCM doesn't really have anywhere to go with the rates do you think we'll see any major movement around the announcement?

Cheers
Im expecting them to stay even, at 0.5. Even if they decide to lower it to 0.0, not really going to help the economy. It sounds like the GOV is try to play towards physiological of trading/investing. A little boost here and there ... makes it look like there working on the problem.
  • #59,803
  • Jan 28, 2009 1:04pm Jan 28, 2009 1:04pm
Quoting ak4x
Other than sticking my toe into the water a few times, i haven't traded in almost a week, and likely won't trade the rest of this one either.
And I thought it was me. I am virtually flat for almost two weeks. Better than minus I guess.
  • #59,804
  • Jan 28, 2009 1:07pm Jan 28, 2009 1:07pm
If the fed starts talking further about buying treasuries, we have some reaction in FX markets. I am steering clear for now - with open orders 200 pip below the bid.
  • #59,805
  • Jan 28, 2009 1:09pm Jan 28, 2009 1:09pm
FX markets kinda trading in the old school way. Lots of risk and little reward for the retail guy.
  • #59,806
  • Jan 28, 2009 1:24pm Jan 28, 2009 1:24pm
woot..gamble payed off haha....caught 64 pips off this bear run...coulda been more but ah well..dont wanna get greedy. I do not recommend gambling on the news to anyone...its just not worth it.

Edit: btw....were still within range..nothing is certain now except the increased volatility..no technical analysis helps at the moment...except if you draw a horizontal line at 1.3145 and it gets broken....then the true bear rally starts haha
Different opinions highly valued, ignorant to slander.
  • #59,807
  • Jan 28, 2009 1:26pm Jan 28, 2009 1:26pm
it have been a great day....target reached..........
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #59,808
  • Jan 28, 2009 1:29pm Jan 28, 2009 1:29pm
Quoting psiholog
woot..gamble payed off haha....caught 64 pips off this bear run...coulda been more but ah well..dont wanna get greedy. I do not recommend gambling on the news to anyone...its just not worth it.

Edit: btw....were still within range..nothing is certain now except the increased volatility..no technical analysis helps at the moment...except if you draw a horizontal line at 1.3145 and it gets broken....then the true bear rally starts haha
I couldn't draw the line fast enough, lol.
  • #59,809
  • Jan 28, 2009 1:29pm Jan 28, 2009 1:29pm
Hints at buying treasuries, bt no direct confirmation

finally some action.
  • #59,810
  • Jan 28, 2009 1:30pm Jan 28, 2009 1:30pm
Quoting psiholog
woot..gamble payed off haha....caught 64 pips off this bear run...coulda been more but ah well..dont wanna get greedy. I do not recommend gambling on the news to anyone...its just not worth it.
Why do you recommend not to gamble doing it?
  • #59,811
  • Jan 28, 2009 1:31pm Jan 28, 2009 1:31pm
Did anyone get that???

Good Trading.
Good Trading. (keep it simple).
  • #59,812
  • Jan 28, 2009 1:34pm Jan 28, 2009 1:34pm
Quoting cobraforex
Why do you recommend not to gamble doing it?
Psi just has a knack. Hey everybody else, you are not psi, so don't even try to pretend to be him. Don't do it!
  • #59,813
  • Jan 28, 2009 1:34pm Jan 28, 2009 1:34pm
It just hit my 50.0 at 1.3106 so the question now IMHO is,will it bounce up or continue down?
  • #59,814
  • Jan 28, 2009 1:34pm Jan 28, 2009 1:34pm
nope, i got scared and pessimistic about the fed. closed my order at 1.3280. so missed that nice drop.
  • #59,815
  • Jan 28, 2009 1:34pm Jan 28, 2009 1:34pm
Quoting Jasper
Did anyone get that???

Good Trading.
Yesssir... 118 pips, whatever was said, the euro was gonna get dumped, just ran out of 'cojones' towards the end....

that's me out for the day,

good pips peeps.
  • #59,816
  • Jan 28, 2009 1:35pm Jan 28, 2009 1:35pm
i will post this to show certain things. first...the 4h downtrend channel since 1.47 is still intact..recent price action at the high only extended the upper wall. second...the upwards channel we have been in since 1.27 (recent low) was decisively broken with this last move down. key support levels now are 1.3060 followed by the psychological 1.3000 range. Methods of play for me....it does seem the market makers are interpreting the news as good for the dollar therefore any pullback to previous supports to prove they have become resistance is the only places worth shorting. Considering the rapid decline though...full retracement of this bear run is a possibility. PA at 1.3145 and at 1.3200 is what attracts my attention...are those levels resistance or not now. Careful pippin all...I am sidelined for now

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Different opinions highly valued, ignorant to slander.
  • #59,817
  • Jan 28, 2009 1:38pm Jan 28, 2009 1:38pm
Quoting Beeps
Yesssir... 118 pips, whatever was said, the euro was gonna get dumped, just ran out of 'cojones' towards the end....

that's me out for the day,

good pips peeps.
It got me out of the red for the day, anf 60pips up. Have closed out. Still unsure of the way it is behaving.

Good Trading.
Good Trading. (keep it simple).
  • #59,818
  • Jan 28, 2009 1:41pm Jan 28, 2009 1:41pm
a short of 150 pips in half hour? it took almost a hole day to rise 190 pips. the market is acting very wierd. am going to just watch and not trade. safe trading to all.
  • #59,819
  • Jan 28, 2009 1:44pm Jan 28, 2009 1:44pm
Quoting Jasper
It got me out of the red for the day, anf 60pips up. Have closed out. Still unsure of the way it is behaving.

Good Trading.
I took 58+ now I'm going to try the train back to town. Yes I gamble and I' a little greedy.

just kidding lol
Let Freedom Ring!
  • #59,820
  • Jan 28, 2009 1:45pm Jan 28, 2009 1:45pm
Quoting PipPipPip
nope, i got scared and pessimistic about the fed. closed my order at 1.3280. so missed that nice drop.
TIP FROM EXPERIENCE...

Always use your pivots...dont enter in between them.
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
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