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  • #567,881
  • Nov 30, 2011 8:11am Nov 30, 2011 8:11am
Quoting SirMcPip
Your butterfly might wanna fly alot higher.
Hm, I see bearish b-fly on H4 right now.
  • #567,882
  • Nov 30, 2011 8:12am Nov 30, 2011 8:12am
Shorts are wiped out...

EU on its legs now...

Chinese may be selling euro's now, they bought a ton of them at 3850 and will be thinking to exit...
  • #567,883
  • Nov 30, 2011 8:12am Nov 30, 2011 8:12am
So it was purely dollar related news?
  • #567,884
  • Nov 30, 2011 8:12am Nov 30, 2011 8:12am
I believe maximum traders raped their broker. lol
You cannot learn better without losing
  • #567,885
  • Nov 30, 2011 8:12am Nov 30, 2011 8:12am
whos the clown?

went to lock the buy
Attached Image (click to enlarge)
Click to Enlarge Name: lock the buy.gif Size: 16 KB
Have I got something on my face, SOLDIER?
  • #567,886
  • Nov 30, 2011 8:12am Nov 30, 2011 8:12am
Quoting bumapatria
turn ur lightbulb on for a second. people bought on news. people who went short got their butt handed to them because their Stops are hunted aka hit. if my stop is hit, its hunted. thats waht i meant.

so ur 'result' is because OF BUYERS IN THE MARKET DUE TO NEWS. the momentum is stronger due to buy stops hit. come on think a little
if u dont get it, dont speak.
So you dont even know the proper terminology...

So how is that 1k daddy fund doing?

Still down 40%?

So much for draw down control...
  • #567,887
  • Nov 30, 2011 8:12am Nov 30, 2011 8:12am
turn ur lightbulb on for a second. people bought on news. people who went short got their butt handed to them because their Stops are hunted aka hit. if my stop is hit, its hunted. thats waht i meant.

so ur 'result' is because OF BUYERS IN THE MARKET DUE TO NEWS. the momentum is stronger due to buy stops hit. come on think a little
if u dont get it, dont speak. __________________
  • #567,888
  • Nov 30, 2011 8:12am Nov 30, 2011 8:12am
Quoting SystemFX2011
thanks for the explanation, you make it sound so easy to understand.

Go back over my posts from this morning, I covered a lot of reasoning for the news moves right from the first one with all the reasons behind them in real time.
  • #567,889
  • Nov 30, 2011 8:13am Nov 30, 2011 8:13am
This is way beyond the big boys. It's collusion with countries and the big boys. Everybody will have to catch their breath so it should retrace at least 50%.

After that whether it shoots up or down is anybody's guess. The natural rhythm of the market has been shattered by the stoke of a pen.
Taigen Profit This Month: na
  • #567,890
  • Nov 30, 2011 8:13am Nov 30, 2011 8:13am
Belive in your self and work hard
Trade responsiblypatience is the key/Swing trader
  • #567,891
  • Nov 30, 2011 8:14am Nov 30, 2011 8:14am
Quoting DragonEye
Hm, I see bearish b-fly on H4 right now.
Was just kidding. I have no clue what a butterfly is.
  • #567,892
  • Nov 30, 2011 8:14am Nov 30, 2011 8:14am
Quoting bumapatria
turn ur lightbulb on for a second. people bought on news. people who went short got their butt handed to them because their Stops are hunted aka hit. if my stop is hit, its hunted. thats waht i meant.

so ur 'result' is because OF BUYERS IN THE MARKET DUE TO NEWS. the momentum is stronger due to buy stops hit. come on think a little
if u dont get it, dont speak.
Get yourself a dictionary

So the central banks coordinated a move to wipe out a group of market participants because they wanted more liquidity and the best way to do it was to remove this group of market participants, yea that makes a lot of sense

Your idea of the move was because of an attempt in stop loss hunting, yea stop abusing the term.

Oh yeah, stop hunting is an intentional move to take out positions at obvious spots where newbies usually put their SL eg round numbers and fib retracements. So you're telling me the market moved intentionally 250pips to take out a couple of positions here and there?

There's a difference between intentionally and coincidentally
  • #567,893
  • Nov 30, 2011 8:14am Nov 30, 2011 8:14am
Quoting alvelino
So it was purely dollar related news?

No it was mainly liquidity related news, that in turn has an effect on the dollar that then drives through in both commodity pairs based on the Chinese and US news and dollar pairs based on the CB news, keep in mind that the 50bps cut is for all currency swaps, not just dollars, however you need to realise that the FED ultimately finances the lot, and of course that again is dollar based.
  • #567,894
  • Nov 30, 2011 8:15am Nov 30, 2011 8:15am
Quoting cloggie
I got my trades in so I have a few mins to talk about what happened today a bit more here.

Fist of the Chinese lowered their RRR, that means there is an increase of money supply to promote growth, that was directly seen in the increase of WTI and Gold on the anticipated increase demand in both. That in turn carried through the commodity currencies as I explained hours ago here on the thread.

We then had a healty number out of the US, that means that there is a bit more light at the end of the tunnel so the big boys need to put their cash to...
wow. haven't been in this forum since last year but I am impressed by your generosity. thanks! why I did remember you as a bad guy?
  • #567,895
  • Nov 30, 2011 8:16am Nov 30, 2011 8:16am
Quoting Martingale
why I did remember you as a bad guy?

Because I am first and foremost a muppet slayer.
  • #567,896
  • Nov 30, 2011 8:17am Nov 30, 2011 8:17am
Quoting doblece
Also, stop entry orders get tripped = double price shot

oh yeah those to the buy stops

how u doing caroline?
Have I got something on my face, SOLDIER?
  • #567,897
  • Nov 30, 2011 8:17am Nov 30, 2011 8:17am
Thanks for the explanation Cloggie.
  • #567,898
  • Nov 30, 2011 8:17am Nov 30, 2011 8:17am
Quoting Pipsforall
I'm long now, but will be looking to sell this rally that's for sure, US jobs up because of seasonal hiring, all those retailers hired workers at $8 to $10 an hour to meet the Christmas shopping rush, they'll be laying them off end of Jan-early Feb, and the fact that the Central Banks did this today tells us how bad it really is out there, probably a major bank failure was going to happen this week which is why they acted.
how sure are you that it will keep rising? i am looking for short at 1.35 area accordingly with PA.
yes, EZ is an ill man, and yes he got his painkiller, but how long does it will help?
As Above, So Below
  • #567,899
  • Nov 30, 2011 8:17am Nov 30, 2011 8:17am
Wow , thank god for the Spanish inventing the Siesta , or my TP would have been at most 20-30 pips, a whooping 214 pips on one trade and another 132 on a week old long , and then there is a nice little number on Silver too .
Officer ... I swear to drunk I am not God
  • #567,900
  • Nov 30, 2011 8:18am Nov 30, 2011 8:18am
Quoting alvelino
Thanks for the explanation Cloggie.

Always keep in mind that you are trading a pair, not a single instrument so you need to judge the effect on both halves of the pair to give you the resultant move.
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