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  • #567,621
  • Nov 30, 2011 5:12am Nov 30, 2011 5:12am
true... but not really.. granted knowing some fundies does help close that gap of overall analysis.. but technicals are still just as powerful, if done correctly.

where you getting this feed from?

Quoting cloggie
Every single move in the last 6 months has been driven by the news/fundies, trading without knowing what is going on in the outside world, is just gambling.
  • #567,622
  • Nov 30, 2011 5:13am Nov 30, 2011 5:13am
Quoting johnnyrei
Please explain further - I'm a fundie idiot
i am not expert,

china now loosening it's monitory policy , it will allow growth.

china was increasing RRR for control inflation (reduce growth)
Mohan
  • #567,623
  • Nov 30, 2011 5:15am Nov 30, 2011 5:15am
Quoting cloggie
What the heck are you muppets doing here, we haven't even cleared the open range yet and all of you throw silly trades and TP's all over the board like there is no tomorrow.

China cutting reserve rates here may give some of you what you have been waiting for for the last 4 hours

thats what I was saying bring in cloggie to entertain and here you come. The muppets who were short got trapped.
  • #567,624
  • Nov 30, 2011 5:15am Nov 30, 2011 5:15am
Quoting mohan76
i am not expert,

china now loosening it's monitory policy , it will allow growth.

china was increasing RRR for control inflation (reduce growth)
So Euro going up? Is it causing euro to go up?
  • #567,625
  • Nov 30, 2011 5:16am Nov 30, 2011 5:16am
Quoting SystemFX2011
true... but not really.. granted knowing some fundies does help close that gap of overall analysis.. but technicals are still just as powerful, if done correctly.

where you getting this feed from?
I got it from talking-forex.com
  • #567,626
  • Nov 30, 2011 5:16am Nov 30, 2011 5:16am
Quoting Halifax
Right yeah, that came up after
In fx trading is always great to come after.
Quant Hedge Fund CEO
  • #567,627
  • Nov 30, 2011 5:17am Nov 30, 2011 5:17am
Quoting Halifax
Anybody have a reason for the current pa?
China cuts banks' reserve requirement ratios
Trade responsiblypatience is the key/Swing trader
  • #567,628
  • Nov 30, 2011 5:17am Nov 30, 2011 5:17am
Quoting Nachiket
. The muppets who were short got trapped.

OF course they did, tech trading went out the window back in June. But on a very basic level, nobody in their right mind is going to anticipate the london range break, that is something only noobies do.

Every single decent move since June has been a pure fundie/news trade. Any trader ignoring the news/fundies/FA has no hope in h3ll making it in the current climate.

Day in, day out, ze Germans come on the wires, slap her down, the French show up and support her back up, the various CB members around the world with their own agendas do their thing. All you have to do is wait for the right guy to show up, wait for them to open their mouth and if the techs line up all the better.
  • #567,629
  • Nov 30, 2011 5:17am Nov 30, 2011 5:17am
Quoting mohan76
i am not expert,

china now loosening it's monitory policy , it will allow growth.

china was increasing RRR for control inflation (reduce growth)

damm closed my kiwi long in 35 pips profit. I could have got 70. little had i known this china news
  • #567,630
  • Nov 30, 2011 5:17am Nov 30, 2011 5:17am
Quoting cloggie
Every single move in the last 6 months has been driven by the news/fundies, trading without knowing what is going on in the outside world, is just gambling.

The smart money waits for the techs and fundies to line up for absolute no brainer setups, the uninformed gambler just takes a stab in the dark here and there.
Beginners, read this sentence carefully and then print it and glue it to your monitor.

You wonīt get any better advice than this around here.
Quant Hedge Fund CEO
  • #567,631
  • Nov 30, 2011 5:18am Nov 30, 2011 5:18am
Quoting johnnyrei
So Euro going up? Is it causing euro to go up?
yes , its risk off . short of china helping word economy , check dax and s&p
Mohan
  • #567,632
  • Nov 30, 2011 5:18am Nov 30, 2011 5:18am
Quoting johnnyrei
So Euro going up? Is it causing euro to go up?
I think its because the whole world is now relying on China...
and since China now allows growth and cutting reserve rate is like injecting money into the economy..its a good thing to boost up euro...especially aussie and kiwi benefit from it...
Patience, Emotion Control and Discipline.
  • #567,633
  • Nov 30, 2011 5:19am Nov 30, 2011 5:19am
Quoting Nachiket
damm closed my kiwi long in 35 pips profit. I could have got 70. little had i known this china news
few sec before news / move i have closed my long too.
Mohan
  • #567,634
  • Nov 30, 2011 5:19am Nov 30, 2011 5:19am
Quoting FXMastermind
35 pips and counting...yummy.
Covered for 40.
Quant Hedge Fund CEO
  • #567,635
  • Nov 30, 2011 5:20am Nov 30, 2011 5:20am
expect a correction before us opens but it should be bought into.

China, Japan and Swiss all three countries are total fuck.
  • #567,636
  • Nov 30, 2011 5:20am Nov 30, 2011 5:20am
is this how i post me charts? how do i draw them lines and arrows on me charts? should i let it run or close now? i'm confused. this new account and this is my first trade
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C.O.B.R.A FX - MENACE TO MY BROKER!!
  • #567,637
  • Nov 30, 2011 5:20am Nov 30, 2011 5:20am
Quoting mohan76
few sec before news / move i have closed my long too.
thank you Mohan and Johncen for explanation
  • #567,638
  • Nov 30, 2011 5:21am Nov 30, 2011 5:21am
Quoting SystemFX2011
where you get the feed from; excuse my ignorance... I'm not a fundamentalist, though I know I'm missing out not knowing what goes on...

thx in advance.
Well that mostly depends on how serious you are about this job...

which directly correlates with second important aspect - how much you are willing to spend on it?

Nothing good comes cheap.
Quant Hedge Fund CEO
  • #567,639
  • Nov 30, 2011 5:22am Nov 30, 2011 5:22am
all of us totally ignored china for the last 1 month and the chinese premier had probably gone for a vacation.
  • #567,640
  • Nov 30, 2011 5:22am Nov 30, 2011 5:22am
Quoting Nachiket
the trend for the day is now up

expect a correction before us opens but it should be bought into.

China, Japan and Swiss all three countries are total fuck.

It is until the next guy with his own agenda comes on the wires. As long as the Germans stay mum, the techs and fundies are pointing up. Expect the French to wade in here shortly to give it a bit more of a boost, then ze Germans will have enough of it and talk her back down again. Don't go ignoring the FIns and Cloggies either, they have a similar agenda to the Germans.

You mention the Swiss, they are about the smartest of the lot this year, they have managed to attain their goal with little to no expense to themselves.
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