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  • #567,901
  • Nov 30, 2011 8:19am Nov 30, 2011 8:19am
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.
I see.. very good analysis, this could explain why AUD and CAD appreciate a lot to USD... so in another words, the up for EU is more likely caused by drop for USD at this moment than the optimistic to solve Euro crisis... Especially EUR/AUD and EUR/CAD are both dropping a lot...
As you mentioned Euro crisis is unlikely to fade and this move may not continue for the longer term, do you still believe any chance for EU back up to 3800-4000 area could be a good opportunity to short for mid-term and long-term?
  • #567,902
  • Nov 30, 2011 8:19am Nov 30, 2011 8:19am
I'm expecting another runner
  • #567,903
  • Nov 30, 2011 8:19am Nov 30, 2011 8:19am
i didnt understand a word of that video, all mumblings

Quoting traderjai_inhi
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...
  • #567,904
  • Nov 30, 2011 8:19am Nov 30, 2011 8:19am
Quoting jayjb
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.

i made profit dont care if it was support or volume or whatever

and live, and with visual proof.

thats what i care about. if i profit.
i have made my adequate explanation.

i only bought because price/time met done. and u? complain complain...

go trade or do something
Have I got something on my face, SOLDIER?
  • #567,905
  • Nov 30, 2011 8:20am Nov 30, 2011 8:20am
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 work,...
Very nice summary...

You know how these interventions usually end...This is a biggie but nevertheless, for me (and for the market as well) itīs just a reminder that we are in deep shit here. Macro data in overall are still fairly bearish and so am I.

I hate forecasts but this is not going to last imho.
Quant Hedge Fund CEO
  • #567,906
  • Nov 30, 2011 8:21am Nov 30, 2011 8:21am
Quoting SystemFX2011
i didnt understand a word of that video, all mumblings
I find it hard to understand him when I call for tech support too...
  • #567,907
  • Nov 30, 2011 8:23am Nov 30, 2011 8:23am
Quoting theIEguy9_09
LMAO!! You can't get anymore blunt than this
look what a coincidence.. we just stopped on the red line.
Attached Image (click to enlarge)
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  • #567,908
  • Nov 30, 2011 8:23am Nov 30, 2011 8:23am
short @ 1.3522 sl at be +1 - tp cca 1.3380:
Attached Image(s) (click to enlarge)
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  • #567,909
  • Nov 30, 2011 8:24am Nov 30, 2011 8:24am
Quoting cloggie
All CB's lowering swap rates, yeehaaaaaaaaaaaaaaaaa

50bps cut and lowering the margin, ze Germans can't beat this one here.
Ah, your datafeed again. Thats handy thingie.

T
"I know one thing, that I know nothing." Sokrates
  • #567,910
  • Nov 30, 2011 8:24am Nov 30, 2011 8:24am
Quoting Martingale
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?
he is a good boy ,sometime's behaving bad.

Cheers
aligater
born to speculate
  • #567,911
  • Nov 30, 2011 8:25am Nov 30, 2011 8:25am
Quoting FXMastermind
Very nice summary...

You know how these interventions usually end...This is a biggie but nevertheless, for me (and for the market as well) itīs just a reminder that we are in deep shit here. Macro data in overall are still fairly bearish and so am I.

I hate forecasts but this is not going to last imho.

Trading wise it is still a race of 2 ugly sisters for a ticket to the ball. The US is actually growing, but has structural problems, the EU is in deep sh!t and you are right, actions like these only highlight the real problems and only offer a temporary stopgap, the hope is that the stopgap leads to growth, you just can't borrow yourelf out of debt and the reduction in moneysupply and liquidity both was becoming an issue in the EU that in effect has an issue in the US as the T keeps crashing only causing inflation which in turn hampers their growth. So the FED ain't foolish helping out the EU here.

All we are doing here is trying to prevent a liquidity issue, not solving the underlying problems. That is for the politicians and we all know what they are doing right now, bugger all.

So again the CB's are doing their jobs, the rest of them are still sound asleep.
  • #567,912
  • Nov 30, 2011 8:26am Nov 30, 2011 8:26am
Quoting bumapatria
i made profit dont care if it was support or volume or whatever

and live, and with visual proof.

thats what i care about. if i profit.
i have made my adequate explanation.

i only bought because price/time met done. and u? complain complain...

go trade or do something
Good that you had profits, I was out of that move.

I'm not complaining, just doing my part and educating you on the proper term, not everything move is a stop loss move
  • #567,913
  • Nov 30, 2011 8:26am Nov 30, 2011 8:26am
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.

i think its important for everyone reading your posts and replies to know that your 14 years old

also that you have been a member for 3 months and have made nearly 6,000 posts! thats some bloody going mate

i admire you for starting to trade so young and obviously wanting to learn.....

but in 3 months your posts have gone from "what happened" "can you help me" "ooops another mistake......ohwell"

to basically preaching like your an expereinced trader.....BIG MISTAKE.

you have already blown one account.

you have also advised other traders to scalp back their losses and hedge their way out of -100 pip drawdowns......basically revenge trading glorified.....and seriously bad advice.

im not having a go, i admire you for starting out in trading so young and trying to learn as fast as you can, but your 14 and you shouldnt be trying to advise people about what is right or wrong becuase you have no consistency, as you havent traded long enough to call yourself successful.

and using terms like "its a stop hunt" after a 200 pip move really is abit stupid.

even me, a crap trader, knows that......

good luck though, determination is one of the biggest things needed to succeed and you have that obviously!
  • #567,914
  • Nov 30, 2011 8:28am Nov 30, 2011 8:28am
Quoting jayjb
Good that you had profits, I was out of that move.

I'm not complaining, just doing my part and educating you on the proper term, not everything move is a stop loss move

You can't stophunt a multi trillion market, somebody has to take the other side.
  • #567,915
  • Nov 30, 2011 8:28am Nov 30, 2011 8:28am
LMFAO, outsourcing; they do my head in..

Quoting traderjai_inhi
I find it hard to understand him when I call for tech support too...
  • #567,916
  • Nov 30, 2011 8:28am Nov 30, 2011 8:28am
I tell you what you just can't get more bad luck than what I've just had.

I had sells open from 3356 to TP at 3290

I set my EA to buy at 3340 with a 50 pip trailing stop.

I've just came back home (expecting to bank some MAJOR pips) only to find my PC crashed before price went down to 3290.

Just rebooted it, opened meta trader and not only are my sells now massively in the negative to make matters worse the stupid dam trade manager has just opened my long at 3486 instead of 3340 right on the top of that fucking spike.

How can something so simple go so fucking wrong. I'm never using MT4 again.

I don't even know which way this damn thing is going now, I'm too annoyed to even trade, I'm just equally hedged with a massive floating loss.
{Promotion Removed}
  • #567,917
  • Nov 30, 2011 8:30am Nov 30, 2011 8:30am
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 ?
Lowering swap rates is no brainer trade. No need to analyze it. And there is no faster news than bloomberg datafeed. So if you exclude insider trading, it is pretty easy to catch such a move.

T
"I know one thing, that I know nothing." Sokrates
  • #567,918
  • Nov 30, 2011 8:31am Nov 30, 2011 8:31am
Took 2 trades long EU at 13488 with both SL at 25 pips. TP for 1st trade 50 pips and 2nd trades 75 pips. GL all!
  • #567,919
  • Nov 30, 2011 8:31am Nov 30, 2011 8:31am
Saying that you could see this up move without a new feed is untrue. look at the following charts.

EU: couldnt tell until its to late(going long far from an interim bottom) no divergence and I dont trade solely off macd crosses

AU: failed break of 200ema.... support in seen area on 11/29... macd cross.

CAD: False break of 200ema... Resistance seen on 11/29... macd cross.

AU had the lowest risk soo.....
Long AU at 9973 sl @ 9935 closed at 1.0226

cant trade news... It takes too long for me to process... by that time bars have already expanded
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd.GIF Size: 46 KB
Click to Enlarge Name: audusd.GIF Size: 75 KB
Click to Enlarge Name: cadusd.GIF Size: 62 KB
  • #567,920
  • Nov 30, 2011 8:32am Nov 30, 2011 8:32am
Quoting Tom_D_Trader
Lowering swap rates is no brainer trade. No need to analyze it. And there is no faster news than bloomberg datafeed. So if you exclude insider trading, it is pretty easy to catch such a move.

T

Yup, I got in within 5 pips of the announcement, together with billioins of dollars worth of the big boys, it always helps looking at the same thing as the people that matter in this business.
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