EURUSD

yup - I'm showing 1.4955: close enough.

damn..pitty

Am loving this gravy train, continuing to scale in.

[quote=psiholog;3256939]Thank you for explaining with proof what I could not. That is exactly the way I approach the markets. In essence, I only consider the tools that I consider my strategy and the way my mind interprets those tools and what ultimately serves as my trigger for a trade, my "gut fe good 4 u.i believe the bulls r in control now.

I see some folks disrespecting Jesse. ... this guy was one of the best traders in history .. and most importantly .. HONEST .. he was no goon like James R. Keene and the rest ..

He lost the 100 mil, by investing in false bottoms .. this was due to highly rumored tough SEC regulations and he could not operate freely like he did .. i.e market makers prevented the excessive price mismatches that the operators exploited. ..

Jesse was and will always be great ..

AOB: we need to close above 1.4951 to prevent a massive sell-off 2morrow .. If it doesn't hold, we could see 1.4828 once again .. If it holds .. then a small short to possibly 1.4888 will suffice be4 we look for a chance to go long once again ..

Good trading and good luck

I'm definitely a JL fan....I know that today, the majority of us still use his trading techniques whether we realize it or not...

nobody is disrepecting jesse..i dont know much about him but any1 that can make 100 mill..and then lose it makes me think maybe this trading is like a curse..seems market will always take what it gives..i dunno but i get this impression

so far since i started trading since 2008 early i have a grand loss of around 1.7k max..looking to get it back slowly but surely

made 30 pips on short ... nice one ... im think ill continue short ... di dont see it going above 1.5 so my SL is 1.5

Nice little run so far from 4920, still no let up in sight. Keeping my eye on 4987, could be my initial TP, we'll see what action we get once we are closer. TL is crossing 4987 on both H1 and H4

I'm completely flat going into the fomc notes, fwiw.

I had 3 lots open, hence the 1/3 2/3 3/3.

I don't hold what I can't see, I had to go out and I don't like leaving positions open.

I made 22 pips when I closed the first third of my position and an additional 66 pips on the remaining 2/3. I hope this is clear.

Good trading to you.

Here is an example of me using my "gut feeling". This run up from the current lows was done in a purely consolidation mode back up to the current highs. Meaning that the market had strength to go down but failed on the first attempt to break down so its taking a breather and once the highs are revisited the bears are going to attempt again to break down. Ironically this bull consolidation is in expectation of the FOMC meeting. Why ironic?...because most times there are big news PA consolidates in one direction before big news, the move that follows after the news is a sharp move in the opposite direction. The rare times this does not happen is when there are shock news or the results are truly satisfactory for a continuation in the direction pre-news, (and more recently, news tend to get ignored)

This all sets up my entry point at the time right before news release. Here is where gut feeling goes into execution mode...if my previous "anticipated" analysis still seems valid, I may enter short. If the PA that led up to that point in a way that my analysis does not apply anymore (no bearish move type candlesticks at the end), I will just sit it out as my gut feeling is inconclusive.

if usd doesnt breakout to the top i will say trading is completely not predictable..if however it does strengthen usd i will say it is all in the chart..it should go up

i am with you and have scaled in quite a position. Running TS's on some now to catch any spikes re news.

usd has run out of space crunch time..good luck guys

00:30 25Nov09 RTRS-FED MINUTES-MEMBERS SAW RISKS TO GROWTH OUTLOOK ROUGHLY BALANCED RATHER THAN TILTED TO DOWNSIDE
00:30 25Nov09 RTRS-FED-MEMBERS NOTED POSSIBILITY OF SOME NEGATIVE SIDE EFFECTS FROM ULTRA LOW RATES FOR EXTENDED PERIOD
00:30 25Nov09 RTRS-FED-CHANCE LOW RATES FOR LONG TIME COULD SPUR EXCESSIVE MARKET RISK-TAKING, RISE IN INFLATION EXPECTATIONS
00:30 25Nov09 RTRS-FED-MEMBERS SAW LIKELIHOOD OF SUCH EFFECTS LOW BUT TO REMAIN ALERT TO RISKS
00:30 25Nov09 RTRS-FED-MOST MEMBERS SEE JOBLESS RATE QUITE ELEVATED, INFLATION BELOW LONG-TERM TREND OVER NEXT SEVERAL YEARS
00:30 25Nov09 RTRS-FED-RECENT FALL IN DOLLAR ORDERLY, REFLECTS UNWINDING OF SAFE HAVEN DEMAND DURING FINANCIAL RECOVERY
00:30 25Nov09 RTRS-FED-ANY TENDENCY FOR DOLLAR DEPRECIATION TO INTENSIFY OR TO UPWARDLY PRESSURE INFLATION BEARS CLOSE WATCHING
00:30 25Nov09 RTRS-FED-MOST PARTICIPANTS AGREED SUBSTANTIAL SLACK IN LABOR, PRODUCT MARKETS LIKELY TO KEEP INFLATION SUBDUED
00:30 25Nov09 RTRS-FED-SOME PARTICIPANTS SAW RISK RISE IN OIL PRICES, WEAK DOLLAR COULD BOOST INFLATION PRESSURES
00:30 25Nov09 RTRS-FED-MANY SAW RISKS TO INFLATION OUTLOOK AS ROUGHLY BALANCED
00:30 25Nov09 RTRS-FED-SOME SAW RISKS TILTED TO DOWNSIDE REFLECTING SLACK, POSSIBLE DECLINES IN EXPECTATIONS
00:30 25Nov09 RTRS-FED-PARTICIPANTS EXPECTED RECOVERY TO CONTINUE IN AT A PACE SLOW RELATIVE TO HISTORICAL EXPERIENCE
00:30 25Nov09 RTRS-FED-DECISION TO SCALE BACK AGENCY BUYS NOT A SCALING BACK OF ACCOMMODATION
00:30 25Nov09 RTRS-FED-COMPLETION OF TREASURY BUYING NOT SEEN CAUSING SIGNIFICANT UPWARD PRESSURE ON TREASURY YIELDS
00:30 25Nov09 RTRS-Fed sanguine about U.S. recovery, worried on jobs
WASHINGTON, Nov 24 (Reuters) - Federal Reserve officials are increasingly confident in a durable recovery for the U.S. economy, even though they do not see employment picking up soon, according to minutes from their November meeting released on Tuesday.
Policy-makers also expressed some concern about possible adverse repercussions from their vow to keep interest rates low for an extended period, including unwanted speculative activity in financial markets.
"Members noted the possibility that some negative side-effects might result from the maintenance of very low short-term interest rates," the U.S. central bank reported in the minutes. (Reporting by Mark Felsenthal and Pedro Nicolaci da Costa; Editing by James Dalgleish) (([email protected]; Tel: +1 202 281-9315; Reuters Messaging: [email protected])) ((Multimedia versions of Reuters Top News are now available for: * 3000 Xtra: visit http://topnews.session.rservices.com
* BridgeStation: view story .134 For more information on Top News: http://topnews.reuters.com)) Keywords: USA FED/MINUTES

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Wednesday, 25 November 2009 00:30:00RTRS [nWEQ003609] {EN}ENDS

What's the word on FOMC...I'm not in a place to check

the markets like it.

The statements look fairly bullish risk

Hmmm, guess not. Did take some profit at 4980.