Aussie pretty happy with bad data these days today it gained 10 pip after bad Home Loans m/m data -1.0 % (exp 0.1)
Patience, Emotion Control and Discipline.
- #689,821
- Sep 9, 2012 8:54pm Sep 9, 2012 8:54pm
- Joined Apr 2011 | Status: Liverpool's KOP | 8,036 Posts | Online Now
- #689,822
- Sep 9, 2012 8:55pm Sep 9, 2012 8:55pm
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
china data later...maybe another bad data boost up aussie
Mohan
- #689,823
- Sep 9, 2012 8:57pm Sep 9, 2012 8:57pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
Hello Everybody.
I am expecting big drop in this week. Here are some proofs of that
http://www.guardian.co.uk/commentisf...ave-euro-court
If you are new to Forex? Say Goodbye to your account!!
- #689,824
- Sep 9, 2012 9:03pm Sep 9, 2012 9:03pm
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan
- #689,825
- Sep 9, 2012 9:04pm Sep 9, 2012 9:04pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
china data later...maybe another bad data boost up aussie
- #689,826
- Sep 9, 2012 9:09pm Sep 9, 2012 9:09pm
- | Joined Feb 2008 | Status: Suffering from Casandra syndrome | 1,384 Posts
- #689,827
- Sep 9, 2012 9:11pm Sep 9, 2012 9:11pm
- | Joined Dec 2011 | Status: NZ Trader | 1,652 Posts
Even the worst trade can close with profit. Just give it time.
- #689,828
- Sep 9, 2012 9:13pm Sep 9, 2012 9:13pm
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
In the meantime aussie is down against everything tonight. Why look for it to go higher?
Aussie fallen due to short covering cross eu/au and gbp/au, now with qe hope she can try to fly again , she have to face first fence @ 1.0400 then big mesh fence @ 1.0430/40
Mohan
- #689,830
- Sep 9, 2012 9:21pm Sep 9, 2012 9:21pm
- | Joined Feb 2008 | Status: Suffering from Casandra syndrome | 1,384 Posts
because it's daytime here
Aussie fallen due to short covering cross eu/au and gbp/au, now with qe hope she can try to fly again , she have to face first fence @ 1.0400 then big mesh fence @ 1.0430/40
As I've said before - the problem is not money liquidity , the problem is lack of quality jobs. Throwing more money into the mix will not fix that, and the Fed's are well aware of this. The first 2 QE's were needed to resolve money supply issues. There is plenty of money available , for anyone that is capable of securing a loan.
Until jobs start getting created, there are two certain things - 1) there will be no QE3 and 2) there will be no interest rate hikes.
- #689,831
- Sep 9, 2012 9:23pm Sep 9, 2012 9:23pm
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan - the US has no intention of a QE3.
As I've said before - the problem is not money liquidity , the problem is lack of quality jobs. Throwing more money into the mix will not fix that, and the Fed's are well aware of this. The first 2 QE's were needed to resolve money supply issues. There is plenty of money available , for anyone that is capable of securing a loan.
Until jobs start getting created, there are two certain things - 1) there will be no QE3 and 2) there will be no interest rate hikes.
Mohan
- #689,832
- Sep 9, 2012 9:25pm Sep 9, 2012 9:25pm
- | Joined Feb 2008 | Status: Suffering from Casandra syndrome | 1,384 Posts
regardless of reality , market have right to dream about QE till QE nightmare day (FOMC / Thursday)
- #689,833
- Sep 9, 2012 9:46pm Sep 9, 2012 9:46pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
don't undermine power of capitalism, if they want yes , verdict will be yes, if they want No , it will be No
Will stick with greece just for now, however is bigger fish involved.
Bundy or "Crimson Council"
are bound by law, euro will live or die by their desicion "short-term" long term her will fail anyway. but is other factors in play, Greece, govt have to accept further minimum austerity measures, to recieve bail out, reality, greece govt is losing support, with high possability they be unable to agree, reality no austerity, no bail out, irrepsective of crimson decision, Merkel saves face and job, by not accepting mad marios plan
2nd Austerity in all instances so far has be negative GDP (failed) debt actually increased
3rd,Greece is not the bigger monster, Spain is, if combine Portugal & Italy wow is super monster
So far everyone with least to lose have been biggest blabbermouths, mario, bennie, greek Italian Portugal govts, and crazily market has been reacting, Germany is the Powerhouse of EU, when they eventually speak, market is going go crazy
I been reading some calculation for greece refinancing, mmm figures are scary bro, will try find article
I will repeat, crimson councils decision wednesday could be one of biggest market movers world has ever seen, up or down, make sure you is either sideline or on right side
If you are new to Forex? Say Goodbye to your account!!
- #689,834
- Sep 9, 2012 9:47pm Sep 9, 2012 9:47pm
- | Membership Revoked | Joined Jun 2012 | 1,547 Posts
intitional a/c open 1h/2h before brokers , but big profit take need high volume , usually they wait for London,
(i have fallen sleep)
I hope you have rectified the mistake you made Friday.
"Men who can both be right and sit tight are uncommon."
- #689,835
- Sep 9, 2012 9:51pm Sep 9, 2012 9:51pm
- | Joined Feb 2008 | Status: Suffering from Casandra syndrome | 1,384 Posts
Bro 100% agree believe power of capitalism but I looking little outside the square
Will stick with greece just for now, however is bigger fish involved.
Bundy or "Crimson Council"
Greece, govt have to accept further minimum austerity measures, to recieve bail out, reality, greece govt is losing support, with high possability they be unable to agree, reality no austerity, no bail out, irrepsective...
Now I ask you.....is it prudent to take a trade prior to the news, or wait for the outcome?
What if you already knew the outcome, would you take the trade?
What if the outcome is already known in the banking world, and your just starting to see it? What would you expect to be seeing if that was the case?
Yeah....I'm thinking that the outcome has been known for a lot longer than all of us think. Possibly since July 19th.
- #689,836
- Sep 9, 2012 9:53pm Sep 9, 2012 9:53pm
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Bro 100% agree believe power of capitalism but I looking little outside the square
Will stick with greece just for now, however is bigger fish involved.
Bundy or "Crimson Council"
Greece, govt have to accept further minimum austerity measures, to recieve bail out, reality, greece govt is losing support, with high possability they be unable to agree, reality no austerity, no bail out, irrepsective...
i have marked it as as Black day (in your word D day), i will try to finish my trade before European session ,
Mohan
- #689,837
- Sep 9, 2012 9:55pm Sep 9, 2012 9:55pm
- | Membership Revoked | Joined Jun 2012 | 1,547 Posts
Yeah....I'm thinking that the outcome has been known for a lot longer than all of us think. Possibly since July 19th.
The deal is made and it is showing in the bar (nor wine bar). "Men who can both be right and sit tight are uncommon."
- #689,838
- Sep 9, 2012 9:55pm Sep 9, 2012 9:55pm
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Ok.
I hope you have rectified the mistake you made Friday.
Mohan
- #689,839
- Sep 9, 2012 9:57pm Sep 9, 2012 9:57pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
If you are new to Forex? Say Goodbye to your account!!
- #689,840
- Sep 9, 2012 10:03pm Sep 9, 2012 10:03pm
- | Joined Feb 2008 | Status: Suffering from Casandra syndrome | 1,384 Posts
Almo is a wise kid.
TY Mike...
Sometimes, to get to an answer, you have to ask the right questions. I'm not saying I have the answers, but based on the recent market moves, I believe I have an educated guess as to what is really happening.
I'd expect a few people will post some very good counter arguements...hopefully between all the questions/comments, we can ascertain the truth.