well thats the loonie.
Have I got something on my face, SOLDIER?
14 Year Old Forex Trader's Lessons
- #3,302
- Oct 18, 2011 12:45am Oct 18, 2011 12:45am
- | Joined Aug 2011 | Status: Trader | 1,118 Posts
FUNDAMENTAL ANALYSIS
Upcoming important news:
4:30am GBP CPI y/y 4.9% 4.5% Bullish
8:30am USD PPI m/m 0.2% 0.0% Bullish
1:15pm Fed Chairman Bernanke Speaks ---------
1:30 pm BOE Gov King Speaks Probably Bearish
* I remember he said he was pretty happy and willing to continue to do more QE.
Recent news:
German finance minister: EU summit will not present final solution for crisis Bearish
*I see…
Bundesbank: Outlook for Q4 2011 has deteriorated further Bearish
*uh huh…
Berlin: don't dream summit will solve euro crisis Bearish
*Interesting…
RBA meeting minutes: Quote, “Members believed that an improved inflation outlook, if confirmed by further data, would increase the scope for monetary policy to provide some support to demand, should that prove necessary. Members noted that financial conditions had already eased somewhat, with interest rates for some housing and business loans declining slightly because of increased competition and the fall in funding costs in financial markets.”. Bullish
*That is surprising… There was a lot of uncertainty about AU interest rates, and now they’re saying that they are willing to “provide some support to demand”. That looks like a big change to me.
Short-term sentiment:
Bullish
I don't see any other solid reason for yesterday's sell-off than profit taking... I was expecting it. But today we got some news coming later, like GB CPI y/y (expected 0.4% higher), US PPI m/m (expected 0.2% higher). I think market will try to price in these numbers before they are released.
Mid-term sentiment:
Caught me here
We will be getting the Greek austerity plan vote Oct 20th. I don’t know if we’re going to see any other breaking news, so I’ll stick to trade the short-term sentiment only.
Long-term sentiment:
Bearish
Nothing has changed. I’m anxiously waiting for the next crash. Fundamentals desire...
Pbh
EDIT: I will post a couple of 15 min charts later, I'm still waiting for the right time.
Upcoming important news:
4:30am GBP CPI y/y 4.9% 4.5% Bullish
8:30am USD PPI m/m 0.2% 0.0% Bullish
1:15pm Fed Chairman Bernanke Speaks ---------
1:30 pm BOE Gov King Speaks Probably Bearish
* I remember he said he was pretty happy and willing to continue to do more QE.
Recent news:
German finance minister: EU summit will not present final solution for crisis Bearish
*I see…
Bundesbank: Outlook for Q4 2011 has deteriorated further Bearish
*uh huh…
Berlin: don't dream summit will solve euro crisis Bearish
*Interesting…
RBA meeting minutes: Quote, “Members believed that an improved inflation outlook, if confirmed by further data, would increase the scope for monetary policy to provide some support to demand, should that prove necessary. Members noted that financial conditions had already eased somewhat, with interest rates for some housing and business loans declining slightly because of increased competition and the fall in funding costs in financial markets.”. Bullish
*That is surprising… There was a lot of uncertainty about AU interest rates, and now they’re saying that they are willing to “provide some support to demand”. That looks like a big change to me.
Short-term sentiment:
Bullish
I don't see any other solid reason for yesterday's sell-off than profit taking... I was expecting it. But today we got some news coming later, like GB CPI y/y (expected 0.4% higher), US PPI m/m (expected 0.2% higher). I think market will try to price in these numbers before they are released.
Mid-term sentiment:
Caught me here
We will be getting the Greek austerity plan vote Oct 20th. I don’t know if we’re going to see any other breaking news, so I’ll stick to trade the short-term sentiment only.
Long-term sentiment:
Bearish
Nothing has changed. I’m anxiously waiting for the next crash. Fundamentals desire...
Pbh
EDIT: I will post a couple of 15 min charts later, I'm still waiting for the right time.
- #3,303
- Oct 18, 2011 12:47am Oct 18, 2011 12:47am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
FUNDAMENTAL ANALYSIS
Upcoming important news:
4:30am GBP CPI y/y 4.9% 4.5% Bullish
8:30am USD PPI m/m 0.2% 0.0% Bullish
1:15pm Fed Chairman Bernanke Speaks...
thanks pedro, appreciate the post
Have I got something on my face, SOLDIER?
- #3,304
- Oct 18, 2011 12:55am Oct 18, 2011 12:55am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Have I got something on my face, SOLDIER?
- #3,305
- Oct 18, 2011 1:02am Oct 18, 2011 1:02am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Have I got something on my face, SOLDIER?
- #3,306
- Oct 18, 2011 1:08am Oct 18, 2011 1:08am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Have I got something on my face, SOLDIER?
- #3,308
- Oct 18, 2011 1:10am Oct 18, 2011 1:10am
- | Joined Aug 2011 | Status: Trader | 1,118 Posts
so whats your point?
thanks pedro, appreciate the post
- #3,309
- Oct 18, 2011 1:12am Oct 18, 2011 1:12am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Better than good, bad, ratios. Don't you think so?
ratios..... oh yeah.. ilove... ratios..
Have I got something on my face, SOLDIER?
- #3,310
- Oct 18, 2011 1:17am Oct 18, 2011 1:17am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Have I got something on my face, SOLDIER?
- #3,311
- Oct 18, 2011 1:20am Oct 18, 2011 1:20am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Have I got something on my face, SOLDIER?
- #3,312
- Oct 18, 2011 1:21am Oct 18, 2011 1:21am
- | Membership Revoked | Joined Aug 2011 | 2,325 Posts
"The Heart is the hub of all dances; go there and chill out"
- #3,313
- Oct 18, 2011 1:26am Oct 18, 2011 1:26am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Have I got something on my face, SOLDIER?
- #3,314
- Oct 18, 2011 1:27am Oct 18, 2011 1:27am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Have I got something on my face, SOLDIER?
- #3,316
- Oct 18, 2011 1:37am Oct 18, 2011 1:37am
- | Membership Revoked | Joined Aug 2011 | 2,325 Posts
"The Heart is the hub of all dances; go there and chill out"
- #3,317
- Oct 18, 2011 1:38am Oct 18, 2011 1:38am
- | Membership Revoked | Joined Aug 2011 | 2,325 Posts
"The Heart is the hub of all dances; go there and chill out"
- #3,318
- Oct 18, 2011 1:39am Oct 18, 2011 1:39am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Just sharing my views...
Why are you guys betting against dollar?
Dollar is currency to own in times of crisis.
Only time you should sell dollar and buy all other things is when the US govt announces QE3 not before that ...
Sell all rallies in E/U , G/U, A/U, N/U...
Just my two cents..
No offence..
.
Those who say it cannot be done should not interrupt those who are doing it
- #3,319
- Edited 1:56am Oct 18, 2011 1:40am | Edited 1:56am
- | Joined Aug 2011 | Status: Trader | 1,118 Posts
Why are you guys betting against dollar?
But as you didn't... I hope it's worth it to lose these precious seconds of my life.
HEY, don't waste them
Pbh
EDIT: Now I read it, I didn't want to be rude... sorry if you misunderstood this post
Anup, I agree with you when you consider the medium and long term, but they are not just buying. They are buying and selling on the M5 and M15 time frames. It is like scalping all market moves. There are as many successful trading styles as there are successful traders
.
Read my analysis and you'll have quite an idea of my views (yes AGAINST the dollar). I hope you noticed before, so I would not have to be writing this post.
But as you didn't... I hope it's worth it to lose these precious seconds of my life.
HEY, don't waste them
Pbh
Yes i agree with both of you.
I have traded these markets for 8 years now..have traded almost many trading methods till today...
Scalping small timeframes is good if you know what you are doing ..but long term trading with trend beats the scalpers....
See my other trade explorers , i do trade scalps made few hundred % here and there on real accts of 20k's and above and still do...but i have had a realiable and stable returns trading medium to long term swings...
I am not against any trading method ..Rather i am happy for the traders to make stable money by whichever trading method you do..
BUT SCALPING EXHAUSTS traders and then come phases of losing due to exhaustion...Also it is bad for health over long time...Speaking from experience.. Have traded 500k myself..have made and lost a million guys...
Just trying to share my views that may help other traders..
BEING PROFESSIONAL IS ALL ABOUT HOW YOU CONTROL FASTEST THING--UR MIND!