Pro Swing Trading

Thank you for the trade signal/direction

you expect higher EU yet send out a sell on EU? this makes no sense and from looking at your call to short the EU it was stopped out if anyone took it.


i am not understanding why you would call a sell and expect higher numbers?

E/U squeezed...

Hi, FXAdvice, what is going to happen to the squeezed
E/U now, are we still expecting downtrend on it?

As i said before E/U has low power for uptrend, so it break down... already 1.2800 is so important for continue downward or hold and back to up.

I took the call and wasn't stop out. We need to add the spread our self on top of the signal bro It miss my stop loss about 0,8pips on Fx Pro

End up break even as per Nick Call

Last COT showed commercials adding longs and large speculators adding shorts. Even thought the upside can not be ruled out it should be very limited. I really expect a drop to 1.2600-1.2620 which is 50% fib of last weekly swing high. But who really knows!!!

We have German ZEW Economic Sentiment during next hour but totally if euro hold 1.2880-1.2900 then will fall for continue short move.

war behind the wall still continue...

Hi Nick,
I receive the signal, but not quiet understand.
What is the meaning of first target 1.2900?
Do you mean,
if the price reach 1.2900 again then short ?
What is the stop loss ?

Thank's

there could first be a retest of the daily/weekly channel breakout point at 1.300 or a retest of the channel at 1.3150...

Hi
I sent signal with entry, first and second target + stop loss on our website and also to your email...
Please login and check silver signal section for more info

E/U blocked as i expected... lets see what is the next move

agree with Nick on this on . EU is trying to complete what looks like wave 2 on the daily . This could go as high as 1.3025 , BUT every up move is being hit with sellers. We have had sellers hit eu at 1.2900 this morning but with US stock markets unwilling to close gap it seems that the up channel on 15 min may hold.

I am thinking something like this ...

Gu is in the 5700 to 5550 channel and until we break this either way then we have range bound conditions

i didnt trade this but it was clearly stopped out ..

The Obama administration called for "fundamental change" at Fannie Mae and Freddie Mac, but a long, politically explosive debate lies ahead on the future of the bailed-out mortgage finance giants and U.S. housing policy.

U.S. Treasury Secretary Timothy Geithner on Tuesday raised basic questions with housing industry leaders about the U.S. government's long-standing role in subsidizing and supporting the $10.7 trillion housing market.

"It is not tenable to leave in place the system we have today," Geithner said at a conference hosted by the Treasury Department almost two years after the government seized Fannie Mae and Freddie Mac to save them from collapse.

Since then, the two firms have received nearly $150 billion in taxpayer bailout money and have been placed in conservatorship, sharply restricting their past activities.

"We will not support returning Fannie and Freddie to the role they played before conservatorship, where they took market share from private competitors while enjoying the perception of government support," Geithner said.

"We will not support a return to the system where private gains are subsidized by taxpayer losses."

The conference, with some of the mortgage sector's top lenders and investors, is billed as a "listening session" for the administration to gather ideas as it develops an overhaul plan by January. No major changes are expected before 2011.

"It's safe to say there's no clear consensus yet on how best to design a new system," Geithner said. "But this administration will side with those who want fundamental change."

With Congress focused on elections in November, federal spending coffers depleted and nerves on edge about changes that could trigger another housing crash, lawmakers looked likely to move slowly on overhauling housing finance, analysts said.

Enthusiasm in some quarters for removing government from housing finance was certain to collide with the political reality that housing subsides, such as the mortgage interest deduction, are deeply entrenched facets of U.S. economic life.

The problems and costs of Fannie Mae and Freddie Mac were not addressed in the sweeping Wall Street reform legislation approved by the U.S. Congress in July -- a yawning gap in the Democratic bill that Republicans have sharply criticized.

Bank and mortgage-backed securities investors are watching warily as the administration weighs options, ranging from full nationalization at one extreme to privatization with no government support at the other, and alternatives in between.

Geithner said there is a strong case for a carefully designed government guarantee for mortgages, and that a key question will be whether the private sector can provide a form of insurance or guarantee on its own.

"The challenge is to make sure than any government guarantee is priced to cover the risk of losses, and structured to minimize taxpayer exposure," Geithner said.

A government guarantee is considered essential to at least one major investor -- Bill Gross, co-founder of bond-trading firm Pacific Investment Management Co. Gross told the housing conference participants that a government guarantee is needed to keep mortgages affordable.

Geithner also said government should reassess how it promotes access to affordable housing.

Shaun Donovan, secretary of Housing and Urban Development, told the conference the government's "footprint" in housing finance needs to be much smaller than it is today.

Fannie Mae, Freddie Mac and the Federal Housing Administration now back 90 percent of new U.S. home mortgages, he added.

SMOOTH TRANSITION NEEDED

Geithner stressed a smooth transition period so as not to disrupt the fragile housing market. "As we go through this transition, it is important that consumers maintain access to credit at attractive rates," he said.

Fannie Mae and Freddie Mac both jumped into subprime mortgages during the housing boom in the early 2000s in an attempt to broaden home ownership -- with disastrous results.

Participants at the conference included executives from Wells Fargo and Bank of America, as well as Lewis Ranieri, who helped develop the model for the private mortgage-backed securities market that was central to the housing bubble that burst in 2007-2008.

The conference occurred a day after U.S. home-builder sentiment unexpectedly fell for a third straight month in August to its lowest level in nearly 1-1/2 years, according to a survey that added to evidence of slowing economic recovery.

*sigh* No notice this time either. I literally have to sit on standby, my finger on the mouse to take these signals.

fx action has been the pits this week. I mean look at eu today all over the place on a 15 min with no direction .

I think Nick stays out of the market when pa gets like this.

I am normally a very active trader (4 to 10 trades a day) but this week I have taken only 2 fx trades.

I know Nick offers a sms service , and most of the trades are done on a higher time frame so should give you time to enter once you receive the email.

I gave Nick the long on eu last week that was sent out ( Nick and i are buddies on skype)... blame it on me .. it was stopped out on the shake out on Friday but now seems to be heading back up to my 1.3000 area , although the 15 min look likes a dogs breakfast with whipsaws all over the place.

I appreciate that but I have no problem with losing trades. No qualms there. They’re bound to happen.

I was commenting more on how the signals are delivered. Virtually all the signals I’ve gotten required action that very second. It's down to dumb luck whether I happen to be in front of the screen when the signal comes and this renders most of the signals useless. It's ridiculous.

ah i get you ....

Ok good feed back for sure.

I got fxcm on my ihpone for trading on the go as i have something on home trading computer that sends me alerts for entering trades. email comes in from my set up , I place trade within 2 min .

I think the issue is that in this choppy market nick is trying to keep the stops small so the entries are precise. I guess a band width for entry .. ie 20 pip either wide of 2900 for target 3000 eu may be better but i would think the stop would have to be bigger.