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  • #567,841
  • Nov 30, 2011 7:49am Nov 30, 2011 7:49am
Quoting SystemFX2011
how does that work out? positive news for USD$, what it got to do with EUR$?

doesnt make any sense.
OMG are you really asking this? you should be pretty new in this market then.
Ok, sorry to tell you but you have to bear in mind that news are just an excuse to make more money from rookies and to move the price toward volume. since a couple of years I am not even looking at the news results, I just don't care. Just study where the volume is and you will see the price is getting there always. Use futures and options since the volume on forex is not available.
  • #567,842
  • Nov 30, 2011 7:49am Nov 30, 2011 7:49am
Quoting DragonEye
TP 1.3600 looks like not bad at all. On H4.
You guys are a bold bunch...
  • #567,843
  • Nov 30, 2011 7:50am Nov 30, 2011 7:50am
5 central banks attempt to drain China.
Before this announcement China changed their policy. Clever move China!
You cannot learn better without losing
  • #567,844
  • Nov 30, 2011 7:50am Nov 30, 2011 7:50am
Quoting red2010
im not sure, stop hunts are usually spikes to take out the closest traders in the short term.

this move was +200 pips, thats more of a market move for me....

the consensus amongst the bigger traders was to buy, and the "herd" followed each other creating such a move.

hunting stops of traders 100, 150 or 200 pips above current price is far fetched for me. i think its the fact the big boys entered the market with big orders and pushed the price through all the technical barriers were we "think" peoples stop losses are.....
agree.
people like to trade on the theory they create , it psychology it makes them feel good.
bumas dream ,stop hunt.

Cheers
aligater
born to speculate
  • #567,845
  • Nov 30, 2011 7:50am Nov 30, 2011 7:50am
Quoting Martingale
OMG are you really asking this? you should be pretty new in this market then.
Ok, sorry to tell you but you have to bear in mind that news are just an excuse to make more money from rookies and to move the price toward volume. since a couple of years I am not even looking at the news results, I just don't care. Just study where the volume is and you will see the price is getting there always. Use futures and options since the volume on forex is not available.
LMAO!! You can't get anymore blunt than this
  • #567,846
  • Nov 30, 2011 7:51am Nov 30, 2011 7:51am
Quoting Martingale
OMG are you really asking this? you should be pretty new in this market then.
Ok, sorry to tell you but you have to bear in mind that news are just an excuse to make more money from rookies and to move the price toward volume. since a couple of years I am not even looking at the news results, I just don't care. Just study where the volume is and you will see the price is getting there always. Use futures and options since the volume on forex is not available.

hope you dont apply the martingale theory towards your trading?
  • #567,847
  • Nov 30, 2011 7:52am Nov 30, 2011 7:52am
Short recap:

1. China cuts RRR
2. US ADP +206k jobs in private sector
3. Big CBs around the clock lower swap rates by 50 bp

Certainly not a day without important fundies
Quant Hedge Fund CEO
  • #567,848
  • Nov 30, 2011 7:53am Nov 30, 2011 7:53am
Quoting red2010
im not sure, stop hunts are usually spikes to take out the closest traders in the short term.

this move was +200 pips, thats more of a market move for me....

the consensus amongst the bigger traders was to buy, and the "herd" followed each other creating such a move.

hunting stops of traders 100, 150 or 200 pips above current price is far fetched for me. i think its the fact the big boys entered the market with big orders and pushed the price through all the technical barriers were we "think" peoples stop losses are.....
the herd followed it was already in an uptrend. just some people didnt notice. i can give many reasons technicallly:

i dont think u get the term. hunting stops basically mean getting others stop losses. thats IT.

i hunted, many others did too.

the term means stops getting tripped therefore price shoots.

reason to why?

news and people's reaction to news
Have I got something on my face, SOLDIER?
  • #567,849
  • Nov 30, 2011 7:53am Nov 30, 2011 7:53am
Quoting mrfxlee
Central Bank Intervention which are Bank of England , Bank of Canada , Bank of Swiss and Bank of Japan . Sudden Intervention

http://www.forexpros.com/news/forex-...nk-move-227526
Considering the last rally on the pair this intervetion was anticipated.
The question was WHEN?
The answer was BUY STOP order.
  • #567,850
  • Nov 30, 2011 7:53am Nov 30, 2011 7:53am
so many excitement here, everybody long, ppl predicting 1.38, 1.40. maybe 1.5?

Italy PM Monti: there isn't 'absolute clarity' on EFSF, ECB, IMF roles. Indeed...
As Above, So Below
  • #567,851
  • Nov 30, 2011 7:54am Nov 30, 2011 7:54am
OMG nothing... I just dont understand fundamentals... OK... I'm not a fundamentalist, I'm a technical analyst.

Quoting Martingale
OMG are you really asking this? you should be pretty new in this market then.
Ok, sorry to tell you but you have to bear in mind that news are just an excuse to make more money from rookies and to move the price toward volume. since a couple of years I am not even looking at the news results, I just don't care. Just study where the volume is and you will see the price is getting there always. Use futures and options since the volume on forex is not available.
  • #567,852
  • Nov 30, 2011 7:54am Nov 30, 2011 7:54am
Quoting 21vs7
Computer died. Computer said no. Meanwhile...I took some time off and today traded after 4 days again. Shorted her at 65. All on BE, will see how she behaves. 1,3297 and 1,3245 on my mind here.

Ough, HIPOCRISY is the name of the day. Not tradingwise I hope, or do I?.

Nice setups to all!
OK. Came from liabrary and again some nice movement on the pair...

yesterday closed for +50....over aSSia shorted again, to find out that I fell out on BE-10 cus of the spill.

Well, now I look, and see 1.3485-1,3505 is the level to be decided...if we see a further eur cawl there....however..Have some pendings over 1,35 for a few pips there.
  • #567,853
  • Nov 30, 2011 7:54am Nov 30, 2011 7:54am
Quoting kuroro001
So you wanna tell us you had time to see the news, read it, analyse it, take a trade out of it, and catch the move before it started ?
I wasn't talking about this current move, I was in before it happened.

If you think there is no use of getting news inforamtion fast then you probably don't have no experience in that field. Title is saying most of it so this "analysing" takes a second.
  • #567,854
  • Nov 30, 2011 7:55am Nov 30, 2011 7:55am
3485 is target of butterfly... and indeed a massive short squeeze
  • #567,855
  • Nov 30, 2011 7:56am Nov 30, 2011 7:56am
Quoting forexings
5 central banks attempt to drain China.
Before this announcement China changed their policy. Clever move China!
could be coordinated action.
Mohan
  • #567,856
  • Nov 30, 2011 7:58am Nov 30, 2011 7:58am
I'm of the opinion that this rally won't last and I'm looking for a good spot to get short.
  • #567,857
  • Nov 30, 2011 7:59am Nov 30, 2011 7:59am
Quoting tashkent
so many excitement here, everybody long, ppl predicting 1.38, 1.40. maybe 1.5?
Why not 2.0? Try to predict.
Then US debt holder will trash USD. lol
You cannot learn better without losing
  • #567,858
  • Nov 30, 2011 8:00am Nov 30, 2011 8:00am
Quoting bumapatria
the herd followed it was already in an uptrend. just some people didnt notice. i can give many reasons technicallly:

i dont think u get the term. hunting stops basically mean getting others stop losses. thats IT.

i hunted, many others did too.

the term means stops getting tripped therefore price shoots.

reason to why?

news and people's reaction to news
So you think a 200pips movement is just to hunt stops placed many days back?

If you said the retracement from 1.35 was the result of stop hunting or short orders trigger, it would have been more credible

I know you're obsessed with the term "stop hunting" and "assassin" but sometimes you gotta take a step back and look at the bigger picture
  • #567,859
  • Nov 30, 2011 8:00am Nov 30, 2011 8:00am
Quoting xtenas
try one short 1,3470...
-14pip (
  • #567,860
  • Nov 30, 2011 8:01am Nov 30, 2011 8:01am
Quoting 21vs7
OK. Came from liabrary and again some nice movement on the pair...

yesterday closed for +50....over aSSia shorted again, to find out that I fell out on BE-10 cus of the spill.

Well, now I look, and see 1.3485-1,3505 is the level to be decided...if we see a further eur cawl there....however..Have some pendings over 1,35 for a few pips there.
Are we there yet?

ough, forgot about 13755 there
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