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  • #407,221
  • Mar 15, 2011 12:45pm Mar 15, 2011 12:45pm
Quoting cloggie
Anyone taken the hint?
This has been a good one ... and timing has been nice as well ...

I did first a little bit too early ...

But later I re-loaded long again ... at 1.3864 ... with a limit order ...

And did not watch it then for a while until we got to 1.3953 and 1.3969 area ...

Unfortunately unwinded a bit too early ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #407,222
  • Mar 15, 2011 12:45pm Mar 15, 2011 12:45pm
Thanks for your answer Sisse,

I was positionned the same as you, entered long at 1.3950 but closed at 1.3982. I also realized i was not well positioned for FOMC and did not want to loose any hard earned pips - part of my anti-greed training (not that i'm saying you are greedy doing this, it's just a flaw I have discovered while trading that I need to work on
Best of Luck with your trade. Really appreciate your posts btw!




Quoting sisse
Same as before. Why should I close the trade? I don't have a TA reason yet.

There is no point on bailing out before FOMC now. Just tight stops (as I am not positioned in the proper place for a report move) after this M30 close and let the noise of reports decide my trade. Is too late for changing my TA and FA outlook, I did my homework TA and there is nothing I can do except wait for my forecast to pans out.

sisse
  • #407,223
  • Mar 15, 2011 12:51pm Mar 15, 2011 12:51pm
*lurking*....
Look Sharp/Trade Tight
  • #407,224
  • Mar 15, 2011 12:57pm Mar 15, 2011 12:57pm
Quoting sisse
NP. The next TA reason in my books is the daily highs rejection. Given the weekend "gap", monday highs in play are not that clear around 1.398x (that why some selling appeared as soon as it tick up and down) and they were made overnight (no Tokyo, Frank, London or US) I am targeting yst highs 1.400x as a 2nd target and is also last H4 R (a few ticks below). Only there is where I expect some sellers may appear but not before.

We'll see

sisse
Well, I am not wasting this nice opportunity to close the 2nd target and trade FOMC in zero risk mode. Closing second a couple of ticks below target and in happy mode for reports.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #407,225
  • Mar 15, 2011 1:00pm Mar 15, 2011 1:00pm
short it here, cheers .
A chart helps those who can read it.
  • #407,226
  • Mar 15, 2011 1:00pm Mar 15, 2011 1:00pm
Quoting SunTrader
Whoever your data provider/source is the cause of that gap.
There was none.
I'm not sure why it stops updating every day but it does. I think it stops around midnight until 4.00 or 5.00 am in the morning (UK time). Currencies are non-stop though during the week.
Nothing worth having is easy.
  • #407,227
  • Mar 15, 2011 1:09pm Mar 15, 2011 1:09pm
Quoting Patience
I'm not sure why it stops updating every day but it does. I think it stops around midnight until 4.00 or 5.00 am in the morning (UK time). Currencies are non-stop though during the week.
Forecasting exchange rates has a success rate no better than that of forecasting the outcome of a coin toss - Alan Greenspan, 2004

then ,what should we do ?why do we get together here ?
A chart helps those who can read it.
  • #407,228
  • Mar 15, 2011 1:12pm Mar 15, 2011 1:12pm
If this pops 14040 the stops will be enough to see 1.4100.

1.4003 will be 100% reversal
making green pips large and red pips small this is my goal.
  • #407,229
  • Mar 15, 2011 1:14pm Mar 15, 2011 1:14pm
Quoting geniusztc
Forecasting exchange rates has a success rate no better than that of forecasting the outcome of a coin toss - Alan Greenspan, 2004

then ,what should we do ?why do we get together here ?
Relax. The market is what it is. And you can't get better odds than 50/50 As for the forum, it's just for being social, sharing ideas and having a laugh.

Now I must go and do something with that thing in the kitchen that gets hot.
Nothing worth having is easy.
  • #407,230
  • Mar 15, 2011 1:19pm Mar 15, 2011 1:19pm
NEXT in M13 Pattern...
Attached Image (click to enlarge)
Click to Enlarge Name: EUR _H1 Upd.jpg Size: 194 KB
Attached Image
Always looking the GREAT, never left GOOD Point...
  • #407,231
  • Mar 15, 2011 1:23pm Mar 15, 2011 1:23pm
3957.3 mid to 3922.8
those who can, do. those who cant, talk about those who can
  • #407,232
  • Mar 15, 2011 1:28pm Mar 15, 2011 1:28pm
should favor the USD, no?

By Matt Phillips

The statement’s out. Bond purchase program stays the same. No reference to japan. Extended period language stayed in the statement. But the language on the economy seems a bit more robust: “Information received since the Federal Open Market Committee met in January suggests that the economic recovery is on a firmer footing, and overall conditions in the labor market appear to be improving gradually.”
  • #407,233
  • Mar 15, 2011 1:29pm Mar 15, 2011 1:29pm
Quoting redsword11
Attachment

Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 71 KB




not an easy hold
  • #407,234
  • Mar 15, 2011 1:29pm Mar 15, 2011 1:29pm
Quoting gatorinla
3957.3 mid to 3922.8
? seems to want to go here. +
hitting the lower mofu may be just pausing it.
Attached Image
those who can, do. those who cant, talk about those who can
  • #407,235
  • Mar 15, 2011 1:30pm Mar 15, 2011 1:30pm
Seems to be ranging a the DP...
  • #407,236
  • Mar 15, 2011 1:34pm Mar 15, 2011 1:34pm
guess no need for QE3 or i am too optimistic for dollar i guess..
  • #407,237
  • Mar 15, 2011 1:41pm Mar 15, 2011 1:41pm
As expected, FOMC Statement in Line with fundamentals. No rate hikes for an "extended period", so no competition for the Euro rally in 2011!
  • #407,238
  • Mar 15, 2011 1:43pm Mar 15, 2011 1:43pm
DP is acting as support, I think this will be going up (?)
  • #407,239
  • Mar 15, 2011 1:44pm Mar 15, 2011 1:44pm
was expecting a massive spike and fireworks but got a bit of a wet shart there to finish off the day...

Inserted Video
  • #407,240
  • Mar 15, 2011 1:46pm Mar 15, 2011 1:46pm
Quoting SirMcPip
As expected, FOMC Statement in Line with fundamentals. No rate hikes for an "extended period", so no competition for the Euro rally in 2011!
don't overlook the acknowledgment of inflation. or the amount of times mentioned. far more then the past meetings.
those who can, do. those who cant, talk about those who can
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