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  • #318,741
  • Nov 3, 2010 12:29pm Nov 3, 2010 12:29pm
Is anyone using FXDD Falcon stp sw for their trading? Or if not do any of you have experience with it?
Know when to hold em, Know when to fold em!
  • #318,742
  • Nov 3, 2010 12:29pm Nov 3, 2010 12:29pm
Hmm... FED Funds rate to be raised to 0,35%?

Just speculation, but it seems a nice number, im still on the "watch out" side...
Greed and impatience are our greatest enemies.
  • #318,743
  • Nov 3, 2010 12:30pm Nov 3, 2010 12:30pm
Quoting Skrillex
That might not even be enough.. this is quite possibly the movement to 1.45, the contractive range is broken. Technically speaking, it doesn't make too much sense at this point for it to plummet to 1.37 or something like that.. but i guess we will see what happens in the next hour or so.
Look at your daily range, still well confined. Loot at your weekly, still down room to go.
All that is left in FF is just plain garbage. "Cloggie"
  • #318,744
  • Nov 3, 2010 12:31pm Nov 3, 2010 12:31pm
Quoting Skrillex
That might not even be enough.. this is quite possibly the movement to 1.45, the contractive range is broken. Technically speaking, it doesn't make too much sense at this point for it to plummet to 1.37 or something like that.. but i guess we will see what happens in the next hour or so.

Let me flip a coin. THen again a 40 pip stop loss might be perfect. Who is right and who is wrong, us or the banks!!!.
Know when to hold em, Know when to fold em!
  • #318,745
  • Nov 3, 2010 12:32pm Nov 3, 2010 12:32pm
Quoting tonyo524
Look at your daily range, still well confined. Loot at your weekly, still down room to go.
I still have yet to see weekly break below the low of the last green candle.
  • #318,746
  • Nov 3, 2010 12:32pm Nov 3, 2010 12:32pm
Quoting Srikanth
I'm expecting this thing to touch 1.4150 level soon. That was a nice bull setup.
It has stopped just before oct,25th high. It would be very surprising to go higher before announcement. Breaking this would put us in strong bull territory (that would target something like 1.44). It's too early for that (if it ever happens).
Don't just be a sheep : make your own idea of it.
  • #318,747
  • Nov 3, 2010 12:33pm Nov 3, 2010 12:33pm
Don’t expect ranges to hold after FOMC

Pairs like the EUR/USD have been trapped in between big option interest over the last 2 weeks but this interest will evaporate after 2.15 pm this afternoon. The established trading range has been 1.3700/1.4170 but both of these levels are likely to be a magnet for macro stop-loss strategies so don’t expect them to hold if the FOMC announce something well beyond market expectations in either direction. 200 or 300 pip moves are certainly feasible so be careful out there and keep risk at a manageable level. You probably won’t get rich today but you might get poor!!


www.forexlive.com
  • #318,748
  • Nov 3, 2010 12:35pm Nov 3, 2010 12:35pm
Haven't posted here for a while but notice this funny movement? First the stops on the top at ~1.406 are taken out, then the price is driven lower to make a good buying point (because everyone knows the fomc will be VERY negative), then the buying starts (look at the tick chart and speed the price moves now vs 5 minutes ago).

Just few words.. stop cascades at 1.4081 and 1.415. The price will touch 1.4081 today if the FOMC wording is at least slightly negative and the next cascade will be touched if the momentum is good.

Look out for ~1.4081. And watch out if FED decides to start new "quantitavie easing" round especially now when australia for example has decided to raise their interest rate.
  • #318,749
  • Nov 3, 2010 12:35pm Nov 3, 2010 12:35pm
Quoting mfoste1
TO ALL TRADERS WITH OANDA:

set your orders now because you probably wont be able to login to your platform after you get kicked off near the news. Use proper MM and stops.
What is MM?

Again, I'm going to annoy the world by saying I do not agree that you cannot change your username on this site.
  • #318,750
  • Nov 3, 2010 12:35pm Nov 3, 2010 12:35pm
Quoting Venice
I still have yet to see weekly break below the low of the last green candle.
Exactly my point. So we haven't reached the weekly range yet.
All that is left in FF is just plain garbage. "Cloggie"
  • #318,751
  • Nov 3, 2010 12:35pm Nov 3, 2010 12:35pm
it is so hard no to enter this awsome volatility but this time I will listen my brain and don't trade news, especially that kind huge figures

not to loose is almost like win
  • #318,752
  • Nov 3, 2010 12:37pm Nov 3, 2010 12:37pm
Quoting Pipwanderer
that spike was just an unnecessary one :rofl
I wonder whether it was unnecessary or not. I expected an attempt at 1.4060 (ok, so it went 5 pips past that) to trigger stops and also to provide a more advantageous entry for shorts. Lets see whether I was right and this goes down after Big Ben enlightens us all.
  • #318,753
  • Nov 3, 2010 12:37pm Nov 3, 2010 12:37pm
Quoting FibbinArchie
Don’t expect ranges to hold after FOMC...
All that is left in FF is just plain garbage. "Cloggie"
  • #318,754
  • Nov 3, 2010 12:37pm Nov 3, 2010 12:37pm
Quoting clambill

Again, I'm going to annoy the world by saying I do not agree that you cannot change your username on this site.
why dont you like clambill?
Look Sharp/Trade Tight
  • #318,755
  • Nov 3, 2010 12:37pm Nov 3, 2010 12:37pm
Quoting tonyo524
Exactly my point. So we haven't reached the weekly range yet.
Either that, or we are prepping for new highs.

Let us toss the coin, if we get lucky, it will land on it's third side!
  • #318,756
  • Nov 3, 2010 12:37pm Nov 3, 2010 12:37pm
Have you guys been tracking usdjpy at all? Money has been buying it up. WHy would they buy it up right before FOMC? They could be pricing it in buying $
Know when to hold em, Know when to fold em!
  • #318,757
  • Nov 3, 2010 12:37pm Nov 3, 2010 12:37pm
Quoting goods
Let me flip a coin. THen again a 40 pip stop loss might be perfect. Who is right and who is wrong, us or the banks!!!.

i can guarantee you a 40 pip sl will be taken out
  • #318,758
  • Nov 3, 2010 12:38pm Nov 3, 2010 12:38pm
Quoting goods
Have you guys been tracking usdjpy at all? Money has been buying it up. WHy would they buy it up right before FOMC? They could be pricing it in buying $
Anticipation of BOJ Intervention i'm sure is playing a role in it.
  • #318,759
  • Nov 3, 2010 12:39pm Nov 3, 2010 12:39pm
Quoting clambill
What is MM?

Again, I'm going to annoy the world by saying I do not agree that you cannot change your username on this site.
of course your name could be changed, but if ou were allowed to do so, 3bln users want that as well...
  • #318,760
  • Nov 3, 2010 12:39pm Nov 3, 2010 12:39pm
Quoting mfoste1
i can guarantee you a 40 pip sl will be taken out

Hey if it does then this is going to be a lesson learned for me. Cut me some slack please lol
Know when to hold em, Know when to fold em!
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