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  • #82,661
  • Apr 2, 2009 7:18am Apr 2, 2009 7:18am
Quoting altrader
http://www.ecb.int/home/html/index.en.html

On that page click on the Live webcast: press conference link when the conference is about to start.
thanks.
  • #82,662
  • Apr 2, 2009 7:19am Apr 2, 2009 7:19am
Quoting psiholog
whats wrong with this picture
It's inevitable that more people will be using the forum at this point of time, irrespective of whether they have a position or not. This is one of the biggest news weeks of 2009, and right now is one of the most crucial junctures of this week, if not the biggest talking point, given how the ECB has shocked the market.
  • #82,663
  • Apr 2, 2009 7:19am Apr 2, 2009 7:19am
Quoting psiholog
whats wrong with this picture
Theres a few more viewers today - LOL.
  • #82,664
  • Apr 2, 2009 7:20am Apr 2, 2009 7:20am
I am happy with my decision to go long and not short the euro at any point right now.....this could blast through...til then just earn $$$$
Let Price determine your future!
  • #82,665
  • Apr 2, 2009 7:23am Apr 2, 2009 7:23am
Quoting Kess.
Hm ? Do not trade news ? Why ? Why do not trade at the time you can make lot of pips in 10 minutes and go off ?

I made good deal on long before news, i didnt, expected cut to 1 point at all. Then immediately I opened short when price bounce at 1.3405 , goes little bit high at 3418 and dropped down and I closed position at 3360. And I opened long again and I now hold it.

So tell me why do not trade ? It is the easiest and shortest pips ever. Market offers this to you, you just need to use your brain not emotions.

It is only about that...
Because the news can be so erratic, it's not even funny and you just don't know what you'll get.

Be careful and observe what happens tomorrow when they release the NFP data.

The news is usually most difficult to trade during Interest rate annoucements such as today and during Non Farm Payrolls (NFP). There are other big things too such as GDP and Housing starts etc.

But the thing is the news can move up deadly quick like 50 pips up and then 10 seconds later go 80 pips down....and then 50 pips up etc etc. It can cut you in half so fast, before you even know it.

Yeah today's rate cut news looked a bit easier to trade, but that doesn't mean that you have to. I suppose if you have good money mangement with well defined stop losses etc and you position size correctly and you think you know what you're doing...then yeah, it's fine. But if you don't do that then it can be deadly dangerous.

Having said all of that, maybe you just have a good way of trading news. If you can consistantly do it and do it succussfully, then yeah, no problems, go for it Actually some people are really good at trading it...but probably most are not great at trading it.
  • #82,666
  • Apr 2, 2009 7:23am Apr 2, 2009 7:23am
I might actually go short here in a bit, that 4h channel is a strong one. Expecting a possible swing up and a failed retest.
  • #82,667
  • Apr 2, 2009 7:24am Apr 2, 2009 7:24am
my first target is completed 1.3418 second one at 1.3530
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy09.gif Size: 38 KB
be patient, self-belief and discipline... stay focus...
  • #82,668
  • Apr 2, 2009 7:25am Apr 2, 2009 7:25am
Quoting nvcK
The problem with EUR and QE is:

a) EU as a whole does not issue bonds.
b) ECB is not authorised to buy bonds of individual countries.

Rule a) has no exceptions, at least until Lisboa treaty is approved and then some time to draft the details. Rule b) can be avoided by buing the bonds from banks of the eased country, not from the country itself but it does not seem to be on the cards right now. Could happen only if Spain or Greece got into deep trouble (Spain is particularly vulnerable due to local construction business being dependent on British...
Spanish banks were more heavily regulated than their UK or US peers, thankfully.

If the will was present, the ECB could enact QE quite easily, through creating new reserves and purchasing a weighted basket of eurozone government debt in the secondary market.
  • #82,669
  • Apr 2, 2009 7:25am Apr 2, 2009 7:25am
Quoting radit27
my first target is completed 1.3418 second one at 1.3530
1.3266 first?
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #82,670
  • Apr 2, 2009 7:29am Apr 2, 2009 7:29am
I am short now @3417 its risky but I wont lose anything i made my stop 3417 so I don't care now
I SEE YOU !!
  • #82,671
  • Apr 2, 2009 7:29am Apr 2, 2009 7:29am
Quoting dbfusion
my line @ 3430 exactly



i might short
honestly soon if went just further up
Just got stopped out of my long for pips. I'm going to sit on the sidelines for a bit. GL!
  • #82,672
  • Apr 2, 2009 7:29am Apr 2, 2009 7:29am
Quoting altrader
Because the news can be so erratic, it's not even funny and you just don't know what you'll get.

Having said all of that, maybe you just have a good way of trading news. If you can consistantly do it and do it succussfully, then yeah, no problems, go for it Actually some people are really good at trading it...but probably most are not great at trading it.
I just only have a lot of hundreads hours watched the price movement... long time ago I use to use emotions when entering the trades ,and sometimes I had bad outputs, but from time I am able to nogotiate my emotions and do only what market shows, i have great results during news trading. And my money management is simple, I go to market with positions which is less then 0.5 percent of my account, so no worry at all
Wish you a lot of great moments with those you love.
  • #82,673
  • Apr 2, 2009 7:31am Apr 2, 2009 7:31am
Quoting gammase1
It's inevitable that more people will be using the forum at this point of time, irrespective of whether they have a position or not. This is one of the biggest news weeks of 2009, and right now is one of the most crucial junctures of this week, if not the biggest talking point, given how the ECB has shocked the market.
true....i wonder how many have the self-discipline to just watch and not touch....

unemployment data just came out...only getting worse
trichet is about to talk....

just one word for today...insanity!
Different opinions highly valued, ignorant to slander.
  • #82,674
  • Edited 7:44am Apr 2, 2009 7:32am | Edited 7:44am
Bearish DIvergence on 15 min MACD and CCI..

going to try a short here 1.34

edit believe it or not, I scalped it for 18 pips + but reversal to upside is proof that my feelings about risk aversion are justified.
  • #82,675
  • Apr 2, 2009 7:33am Apr 2, 2009 7:33am
US Dept. of Labor - Unemployment Claims 669K previous 652K
  • #82,676
  • Apr 2, 2009 7:33am Apr 2, 2009 7:33am
Quoting psiholog
true....i wonder how many have the self-discipline to just watch and not touch....

unemployment data just came out...only getting worse
trichet is about to talk....

just one word for today...insanity!
I'm too much of a coward to get involved right now! Have been burnt in the past on such days. I am playing with equities instead...
  • #82,677
  • Apr 2, 2009 7:33am Apr 2, 2009 7:33am
the red rectangle, black trendlines and red murrey line (6/8 - 1.4028) are the reasons I decided to enter short at 1.4008. Hope it won't bounce up too much good luck
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  • #82,678
  • Apr 2, 2009 7:34am Apr 2, 2009 7:34am
Small account, highly leveraged + News = DEAD or account doubled, strangely always DEAD

A Few years back, with FXCM's guaranteed lagging prices, I could see a move on my chart get in at the bottom, next FXCM quote I'd be +50pips or whatever, the at the top the second the chart started heading down.

Good times, until FXCM nobbled my account and just got requotes all the time
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #82,679
  • Apr 2, 2009 7:35am Apr 2, 2009 7:35am
Quoting 01donatas
the red rectangle, black trendlines and red murrey line (6/8 - 1.4028) are the reasons I decided to enter short at 1.4008. Hope it won't bounce up too much good luck
nice chart
  • #82,680
  • Apr 2, 2009 7:37am Apr 2, 2009 7:37am
Quoting gammase1
Through cutting by "only" 25bps, it delays the moment when the ECB may decide to use the nuclear option of QE. For now, the ECB still has bullets in the gun, preferring a measured wait and see approach, and Trichet may indicate in the press conference their intention to widen the "enhanced credit support" currently provided to banks within the eurozone, through lengthening the tenure of liquidity provided (from six month to possibly twelve months), reducing the haircuts taken on assets used by banks in the scheme or by accepting lower quality...
they will,
this whole thing started in december, this is why i hate the idiot so much (you know who i am talking about Paul), he forced the whole world to become a big Japan.
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Jewel1996