FOMC Statement

FOMC Statement

From federalreserve.gov

Information received since the Federal Open Market Committee met in August suggests that economic activity has continued to expand at a moderate pace in recent months. Growth in employment has been slow, and the unemployment rate remains elevated. Household spending has continued to advance, but growth in business fixed investment appears to have slowed. The housing sector has shown some further signs of improvement, albeit from a depressed level. Inflation has been subdued, although the prices of some key commodities have increased recently. Longer-term inflation expectations have remained stable. Consistent with ... (full story)

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Sep 13, 2012 12:40pm

Eur is heading for the 1.3040 mark which was a major support level in the past that didn't hold. So, we shall wait until then to see if this level will turn into resistance.

So, don't push your luck. Patience is the name of the game.

Bakker

Sep 13, 2012 12:55pm

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A study has showed that it's better trading the Asian session because of the lower volatility.

This study was done over a ten year period and it shows that traders on average make the most money during this session.

Bakker

Sep 14, 2012 5:24am

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I agree as well. We are here to help each other getting direction when we got lost in the trading jungle. As you said Dr Zain, we're one happy family, don't let us go overboard with stupid petty arguments.

Dr.Zain

Sep 14, 2012 1:34am

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Quoting Gold-god

Disliked

I think one must not ignore fundamentals. I even think that strong fundamentals must be put in the first place to be considered and put aside all the technical.
I used to be fully technical and ignored all fundamental and all I got was call margins.
Nowadays, I become more moderate by paying full attention to news at stormy days and using technical only on breezy days. Thank God, it works for me. Now I can make trading for living.

Ignored

Hi GG Up to what extant gold could go toady and in coming week? my study told me 1792 today or in coming week. Last 2 to 3 weeks Gold used to retraced on the first 2 to 3 days of week???

Dr.Zain

Sep 14, 2012 1:50am

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Trend is still up, no matter the technical is overbought already. For the moment, I already open position @1774 -1776[/quote]
Surly LONG??? GG which Trading Platform are u using, bcos Scalping is not very much welcomed by my broker!!!

Dr.Zain

Sep 14, 2012 1:56am

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Quoting Gold-god

Disliked

I think it was more likely a profit taking action by traders who feel gold has overbought. But in my logic, there is no conditions these days that will push gold down and on the contrary, every fundamental is pushing it up

Ignored

Thanks for your opinions GG. Yesterday FOMC statement(Fundamental) was very powerful as BB stated that the Fed will be pumping the money till improvement the Labor sector and good growth in the economy!!!

Dr.Zain

Sep 14, 2012 2:08am

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Avafx Trading Platform. Most of the time my account analyst remembered me that you are trading out of the market and end of the day he do release my funds(with drawls). On Scalping Avafx did blocked 2 account of my friends!!!
GG please let me know shortest time of your positions(entry & exit)

Dr.Zain

Sep 14, 2012 4:24am

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Gold jumped more than $35 yesterday after testing 1725.00 level which was trigger for the bullish scenario yesterday, the metal rallied sharply to reach the first target and settle above 1770.00 this morning, resuming the bullish trend after a short period of minor consolidation. The rally is supported by a strong bullish momentum, where a retest of areas around 1792-1800.00 is likely before any correction!!!

Tw0eleven

Sep 13, 2012 11:59am

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Quoting Jj1459

Disliked

You're lucky but don't u remember that you said in the past that something would happen at FOMC release which is gonna kill the USD?

Ignored

You are correct, and we did reach 1.2950 which I said. And as of now, I still don't see USD strength...do you?

Tw0eleven

Sep 13, 2012 12:12pm

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Quoting moaf

Disliked

Buy the rumors sell the facts. Greece is back. Dollar King !!! ECB and FED have no bullets anymore.

Ignored

I agree, the ECB and FED are done...all the major news is out. But I still think 1.3000 is a major attraction point for euro. And with Bernanke increasing the US balance sheet again, that's not going to rally the dollar.

While I'd still like to see a correction back down to 1.2750, maybe even 1.2500...my charts aren't showing that yet.

Tw0eleven

Sep 13, 2012 12:31pm

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Quoting karelsmits

Disliked

Tw0eleven, of course you are put down. Anyone can talk. You just talk and talk and talk, without proving any of your "qualities" in analyzing the market. As long as you don't show us real trading stats on a LIVE account, your comments don't have any significant value.
Other people also do write excellent comments, but you always have to add something stupid like: "you see, I told you..., I KNEW what was going to happen". If you would just leave that "intelligence" out, your comments would be appreciated, otherwise it's bs.

Ignored

No need to show my live accounts when I have my forexfactory posts on here to prove myself. And I only say stuff like "I told you" when someone makes a derogatory(not too big of a word for you is it?) comment towards me.

Tw0eleven

Sep 13, 2012 12:35pm

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Quoting jonahky7

Disliked

Buy the Hope and Sell the Fact will come when the Pop stop loss hunter is done with the lot.

"Amazing" how fake SP500 has popped so far, lmao!!!! Disaster waiting to happen.

Ignored

Exactly like Jonahky said, you have to get rid of these stop hunt traders(that's why i see 1.3000 on e/u)...then you can have your correction lower.

Tw0eleven

Sep 13, 2012 12:56pm

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Quoting karelsmits

Disliked

I disagree with you, you should prove your results if you talk like that. And I do see quite often "I told you"-style or "mister know it all"-style in your comments. You comment like a big loser.
I just wanted to let you know what I (and probably others) think of you.

Ignored

Thanks for your opinion...and I'm sure Jj1459 shares your opinion that I'm a Dick to people like you. I have no problems with that. I have a trading plan, I follow it, and I've been proven right by the markets. I don't need your approval. I come across as a jerk, I'm straight forward, I tell you how it is and I try to share my opinion on here to help some. It might not help everyone and I know that not everyone trades like me or agrees with my approach. The information is there for those that do like it. Again, I'm confident in myself and don't need someone else's approval.

Happy Trading!

Tw0eleven

Sep 13, 2012 1:34pm

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Quoting Jj1459

Disliked

What's the name of your trading plan?
"I knew it"
"King of Forex market"
"Eyes closed trading system"
"Holy grail"

Ignored

Nope, it's called Price Action. And it just proved my point...spike down just before Fed statement to stop out weak longs or get people to go short, followed by a rally up to the 1.3000 level. I don't need to prove shit...the market did it for me!!!!

Tw0eleven

Sep 13, 2012 1:36pm

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Quoting Bakker

Disliked

Jj1459 stop your silly childish remarks, you're a pain in the ass to rest of us.

Ignored

It's ok bud, forex factory is full of people like this...you just have to believe in yourself and blew off what others say.

Tw0eleven

Sep 13, 2012 3:16pm

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Quoting Jj1459

Disliked

Heyy man i didn't mean to fight..I was just wondering if you could show some of your stats just for an inspiration!U got it wrong man..Should i be sorry?

Ignored

What did I get wrong? 1) I sat out the market today...as I posted previously. 2) I also posted this morning, way before the Fed news, that it would most likely spike down and then go up to the 1.2950-3000 level.

Now looking at the charts, I don't know what I got wrong.

Tw0eleven

Sep 13, 2012 3:24pm

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Quoting Loadedgun

Disliked

But what I do not understand is we have been talking about this together - its like one has been wasting his time? Sure I know everyone got to have a plan and stick to it - but don't others make sense sometimes to get you to reconsider this (for instance) fixation with Europe? It is a developing story the market is following - why can't you follow the market? Just blows my mind.

Ignored

This blows my mind too Loadedgun... http://fxtrade.oanda.com/analysis/

Still have the majority of traders short Euro and Pound. But the euro especially. If you Oanda open orders book link and then click on open orders and positions you can see that MOSt of the Euro short positions are from 1.2900 and BELOW! That tells me a couple things 1) retailers are short and big traders are long 2) retailers are either trading without a stoploss or a VERY big one!

Tw0eleven

Sep 13, 2012 3:37pm

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Quoting Loadedgun

Disliked

So you say one thing here and do another there? I am confused. But good luck. Soon I will be joining the explorer setup so everyone can see what it is possible make from trading the Forex (at least for a while - after which I shall no longer appear in this forum). Good luck to you too.

Ignored

Just curious, what is the explorer setup and is there a thread on here for it?

Tw0eleven

Sep 13, 2012 4:46pm

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Quoting Loadedgun

Disliked

It's the new scheme where you hookup your trading direct to FF and results and other details can be viewed. It was on the entry page before today but don't see it now. Anyhow - go to your personal page you will find details there

Ignored

Thanks!

Tw0eleven

Sep 13, 2012 4:50pm

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Quoting Jj1459

Disliked

Yeahhh..That's good but u know that every move,every spike needs a reason to be properly determined..Your prediction was purely based upon just a guess or "thinking".

Ignored

So tell me how exactly do you trade? I mean, do you just blindly enter trades? Because if you don't, that means you must have come up with a plan before entering your trade...which is also known as "thinking"!!! And now you are telling me that "thinking" equals guessing??? You make no sense in your arguements.

Either 1) you have a plan which involves thinking! or 2) you trade blindly(blindly in my book equals guessing).

Tw0eleven

Sep 13, 2012 8:17pm

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Quoting jaygee

Disliked

fighting, bickering like a bunch of girls in here.....nothing has changed much. Put your trades up in real time or be considered blah blah blah for the rest. Put your money where your mouth is.

Ignored

Interesting comment from a guy who doesn't have ANY information on his profile and isn't showing his trades.

Tw0eleven

Sep 13, 2012 9:28pm

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Quoting jaygee

Disliked

i post every trade i make. all you do is run your mouth like someone with something important to say. Post if you are long or short in real time and lets see what you have got. I guess you will not. talk talk talk is all i hear. like a bunch of girls i say.

Ignored

You mean you post trades like this "

Quoting jaygee

Disliked

sell 1.2717 avg eur/usd long at 1.2997 avg 32x

Ignored

"???

Ok, I can do that too...I went long e/u at 1.2902 and closed at 1.2952.

Happy now?

Tw0eleven

Sep 14, 2012 5:56am

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Quoting jonahky7

Disliked

...

Y do you fall into the trap of telling (though its fine since you have taken TP) to that chap's taunting. That chap had been yacking trades before June and he was totally submerged - longing, in a big yellow submarine when parasite went down big time. He was shouting at fibo levels x8, x10 long blah blah blah when the sentiment was down. I know several retail traders followed him and got sucked into a negative account and they wrote to me to ask what to do.

What happened next was I think he got wept out and he went quiet for months...

Ignored

I'm with you Jonah, I posted PAST trades because I don't believe in posting live ones.

But you notice how instead of answerin the question I asked him...he just threw more insults? lol

frx_trader

Sep 13, 2012 2:30pm

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Part of the fun of trading is analysis and strategy. And I make a rule for myself "Don't get into the market without any analysis". My analysis of today event is not totally wrong, but miss it. I bet the odds of 1% that there is no QE. It turns out the other way around. But how many pips do I lose? This session, even with QE, GBPUSD only goes up at most 100 pips. EURUSD goes up at most 150 pips. What if there is no QE? The question cannot be answered, because it doesn't happen. So, I miss, but not totally wrong. I will my analysis over and over. I will not get into the market because of somebody else analysis. That is my rule and it applies to me.

m1kz

Sep 14, 2012 12:57am

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all this policy statements can be easily revised in few simple sentences:

1) we take the dollars out the stocks and inject them into securities
2) we will print 40 billion more out of no where for military or scientific purposes for Rockerfeller research centeres
3) Main thing: we launch all the media to brainwash dumb zombie investors with QE3 bullshit

Gold-god

Sep 14, 2012 1:27am

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I think one must not ignore fundamentals. I even think that strong fundamentals must be put in the first place to be considered and put aside all the technical.
I used to be fully technical and ignored all fundamental and all I got was call margins.
Nowadays, I become more moderate by paying full attention to news at stormy days and using technical only on breezy days. Thank God, it works for me. Now I can make trading for living.

Gold-god

Sep 14, 2012 1:42am

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Quoting Dr.Zain

Disliked

Hi Traders
what do you think about Gold today and in coming days?

Ignored

I think gold is trying to test 1791 (in my chart), its last highest price on Feb 29.
Since this is already weekend, I don't think investor would enter the market with huge volume. In my opinion, gold will not exceed 1785 today.
If gold can go through 1791 next week, which is I feel more likely to happen, my next target is 1820.
But since I'm scalper type, I always take my profit every time price is stuck in whatever rate and enter my position again at the time the price is moving up.
Trend is still up, no matter the technical is overbought already. For the moment, I already open position @1774 -1776

Gold-god

Sep 14, 2012 1:48am

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Quoting Dr.Zain

Disliked

yesterday Gold retraced to 23% and again rallied, this means it respected its level!!!GG

Ignored

I think it was more likely a profit taking action by traders who feel gold has overbought. But in my logic, there is no conditions these days that will push gold down and on the contrary, every fundamental is pushing it up

Gold-god

Sep 14, 2012 1:53am

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An analyst from Bloomberg even say that gold might break its highest record @1920 by the end of this year. But I can't believe that yet though it is a bigger possibility now since QE3.
My philosophy is Believing My Eyes, Not My Ears. I only believe my own reading on my own chart rather than anyone tell me about the price

Gold-god

Sep 14, 2012 2:19am

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I don't remember exactly every trade I made. But from the statistic that Avafx generate, my shortest Profitable Trades is 00:00:37 (37 seconds only).
The last price I can find from my Closed Positions Table is from 1746.67 to 1747.17, means only $0.50 price different. That was yesterday.

Gold-god

Sep 14, 2012 2:40am

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Yup, still long. With my capital right now, gold must touch around $1570, which I believe is impossible, to make me get CM

Of course, I always put SL at some certain range. But I think this is only a short drop. I'm still bullish, as the trend is.

Gold-god

Sep 14, 2012 5:14am

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Excuse me....
My opinion is we better cooling down and stop trying to prove who's right or wrong since the most important thing is make your own profit, not showing whose prediction was more accurate. It's useless and beginning to annoy everyone I think.
Not my intention to get involved nor to be on anyone side. Sorry. But I am disturbed by all that useless debate. I think all trader in this forum will not give you a credit for blaming each other like that.

Gold-god

Sep 14, 2012 5:40am

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Yup. We are all a lonely trader out here. I joined this FF with a great expectation to have more friends here that can support me especially in hard time time when I'm down. I think we are all the same. So pleaseeeee.... let's get acquainted and not so sensitive about anyone's comment.

@Dr.Zain: gold is trying to break up. I think the rest of this day it will only ranging 1770-1780. For me, I'll set my TP at 1780 and see next Monday to enter the market again. I wish it hit my TP today and then retrace so I can get better entry point

pinkiaiii

Sep 13, 2012 11:51am

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cat out of the bag same news,nothing changed since last year,,will do anything if needed to keep economy going,if nothing helps qe3 again but they dont say that in case some idiots interpret that like well gonna do that now

moaf

Sep 13, 2012 12:33pm

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Quoting Loadedgun

Disliked

That is a distant logic - not the time to be talking that kind of stuff. Not right now at least and especially in the face of the fact that you just woefully misjudged the Fed in this same forum. Lets be serious about what we say bro.

Ignored

Agree. I am surprised about this. But nevertheless it's history. And the only thing that can be positive next weeks is Spain bailout. Only bad things can came. 1.3 to test it, that's all in my opinion.

moaf

Sep 13, 2012 12:38pm

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Quoting jonahky7

Disliked

Buy the Hope and Sell the Fact will come when the Pop stop loss hunter is done with the lot.

"Amazing" how fake SP500 has popped so far, lmao!!!! Disaster waiting to happen.

Ignored

Agree. I think today and tommorow market can go up, 1.30-1.31 After this Greece is back. Not trading stocks but must admit that S&P looks like one giant ballon.

moaf

Sep 13, 2012 2:45pm

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Quoting Jj1459

Disliked

What's the name of your trading plan?
"I knew it"
"King of Forex market"
"Eyes closed trading system"
"Holy grail"

Ignored

Boy, please be so kind, take your toys and go home. It's the place where you share your opinions (some times in emotional way) but for sure not a place to fight with anybody - it's useless.

moaf

Sep 13, 2012 2:52pm

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Quoting Loadedgun

Disliked

But what I do not understand is we have been talking about this together - its like one has been wasting his time? Sure I know everyone got to have a plan and stick to it - but don't others make sense sometimes to get you to reconsider this (for instance) fixation with Europe? It is a developing story the market is following - why can't you follow the market? Just blows my mind.

Ignored

I am posting here when I am not trading. This or that, never make decision based on gg. Buy, sell, whatever. You have no idea what I have in the pocket now, and you will never know. Good luck !!!

Senyor

Sep 13, 2012 11:17pm — Edited

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Barely smacked that 1.3030 by a pip; Asian market is inching up to 1.3040 Am Long at 1.3010
Strong resistance at 1.3023 / 24. No spikes and hunting stops so far.

I noticed statistically in all levels the .0010 to 0030 range is a tango, a push and pull. Funny switching from Candle to Elliot OHLC you can see the Big Boys sketch some classic patterns.

I expect a swan dive @ 1.34 level till 1.2800

Another Kraken shall be released! Pleasant weekend fellas!

jagonzalez

Sep 13, 2012 1:52pm

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as i mentioned previously today.....the fed will do "something" and that something is enough for the market to latch on to and justify a push higher.....period end of story.....1.3150 will be tested....per the weekly channel.....however, it's time to reconsider and begin looking to sell the euro....it will be awhile before spain ask for money....the bond yields will tell spain went to ask....7.0% is threshold.....look for spain to ask for money at that point....sayonara

jagonzalez

Sep 13, 2012 2:47pm

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With all due respect, i would not go as far as using the word "absurd" and "fundamentals" in the same sentence. For long term trades (1-2 years of sitting on a trade), fundamentals become just as important as technicals, if not more so. Just saying.

jagonzalez

Sep 13, 2012 3:25pm

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I'm not a long term trader as i am not a millionaire to be making trades and holding on to that trade for an an indefinte time. Perhaps pre 2008, applying fundamentals was looked at briefly. Not so today, at least for the very wealthy. The situation is dire. One can safely enter the market, short the euro, and sit on it for a year. A handsome profit you will make. One can make this trade confidently solely based on fundamentals and looking at the price of the euro. Of course, in conjuction with some common sense.

jagonzalez

Sep 13, 2012 6:44pm

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Mr. Gun aka trade police. I believe my statement was straight forward, unfortunately some people are to "smart" for their own good and/or common sense within is so dormant that they have fallen off the map of what reality. You have gone undiagnosed long enough. Obviously you are wealthy at trading forex and you are probably self employed. Ask your broker for a check and get an urgent MRI before you recommence educating everyone on forex factory with your convoluted "thesis" that entirely ignores fundamentals, but you are fundamentally lacking proper medical attention is hindering proper thought processes. Have a good weekend.

jagonzalez

Sep 13, 2012 9:33pm

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Jaygee, you are just like Mr. Gun (aka trade police), cast a stone and expect no reaction. Mr. Trade police was quite frank and direct so i returned my frankness. I simply believe that fundamentals cannot be entirely ignored. That's all. I seemed to have "baffled" mr. Gun. Mr. Gun, actually, baffled me by the soooo many different types of assumptions and inferences he made off my simple statement. Like i said before, some are just too "smart" for their own good to the point that common sense blind folds them. In summary, i think you can go fock yourself as well and allow others to address what they must. You can have a good weekend too bud.

jagonzalez

Sep 14, 2012 12:23pm

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Sanguis, thank you for posting this article. It does not alarm me as I have repeatedly stated that qe's and bond purchasas has nothing to do with rebounding an economy, but rebounding the wealthiest pockets. It's a refreshing article every newbie should read.

Jj1459

Sep 13, 2012 11:55am

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Quoting Tw0eleven

Disliked

Good statement here! Glad I was just watching.

Ignored

You're lucky but don't u remember that you said in the past that something would happen at FOMC release which is gonna kill the USD?

Jj1459

Sep 13, 2012 12:15pm

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Quoting Tw0eleven

Disliked

You are correct, and we did reach 1.2950 which I said. And as of now, I still don't see USD strength...do you?

Ignored

The report seems pessimistic but i don't think so that USD will find a clear direction today..May be we have to wait for tomorrow!

Jj1459

Sep 13, 2012 1:07pm

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Quoting Tw0eleven

Disliked

Thanks for your opinion...and I'm sure Jj1459 shares your opinion that I'm a Dick to people like you. I have no problems with that. I have a trading plan, I follow it, and I've been proven right by the markets. I don't need your approval. I come across as a jerk, I'm straight forward, I tell you how it is and I try to share my opinion on here to help some. It might not help everyone and I know that not everyone trades like me or agrees with my approach. The information is there for those that do like it. Again, I'm confident in myself and...

Ignored

What's the name of your trading plan?
"I knew it"
"King of Forex market"
"Eyes closed trading system"
"Holy grail"

Jj1459

Sep 13, 2012 3:05pm

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Quoting Tw0eleven

Disliked

It's ok bud, forex factory is full of people like this...you just have to believe in yourself and blew off what others say.

Ignored

Heyy man i didn't mean to fight..I was just wondering if you could show some of your stats just for an inspiration!U got it wrong man..Should i be sorry?

Jj1459

Sep 13, 2012 3:58pm

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Quoting Tw0eleven

Disliked

What did I get wrong? 1) I sat out the market today...as I posted previously. 2) I also posted this morning, way before the Fed news, that it would most likely spike down and then go up to the 1.2950-3000 level.

Now looking at the charts, I don't know what I got wrong.

Ignored

Yeahhh..That's good but u know that every move,every spike needs a reason to be properly determined..Your prediction was purely based upon just a guess or "thinking".

Jj1459

Sep 13, 2012 4:06pm

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Quoting Loadedgun

Disliked

It's the new scheme where you hookup your trading direct to FF and results and other details can be viewed. It was on the entry page before today but don't see it now. Anyhow - go to your personal page you will find details there

Ignored

Exactly what i was talking about..Try it.It's awesome,a very good platform to keep track of your trading activities.

Amanda2

Sep 13, 2012 9:18pm

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I think there remains good upside in gold and silver.

It will likely take 2-3 days for the market to enjoy the glow, but Greece and Spain should be coming up the rear view mirror next week. I don't think the risk-on tap will be turned on for as long as QE2. QE3 feels different than its predecessors. I don't think AUD and the commodities will rally for too long. What do you guys think? Time to slowly back the greenback?

bigslice54

Sep 13, 2012 5:08pm

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Quoting Greener

Disliked

just technical moves...this bond buying thing is no surprise

Ignored

As soon as you look ridiculous on 1 thread you just jump to another?
This is the SAME GUY who called me a "muppet" for declaring QE would be announced & to be LONG just before the announcement.

Now, of course, he knew it all along. I'll bet his trade history shows a much different story than his mouth does! ...like so many of the same names I keep reading.

Beware the forexfactory "expert" lol
They will simply lead your pips right to me & a few others

Thanks again for today

Bakker

Sep 13, 2012 1:06pm

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A correction will come at 3040 as wave 3 upward is close to an end. 3040 is major resistance. Look at the weekly chart.

Bakker

Sep 13, 2012 1:34pm

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Jj1459 stop your silly childish remarks, you're a pain in the ass to the rest of us.

Bakker

Sep 13, 2012 1:44pm

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It seems to me the big guns have decided that 1.30 will do for the time being.

Bakker

Sep 13, 2012 2:29pm

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Agree, you can only analyse what's in front of you.

Dr.Zain

Sep 13, 2012 8:39pm

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Hi Traders
what do you think about Gold today and in coming days?

Dr.Zain

Sep 14, 2012 1:40am

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Since last few moths market wasn't respecting its levels, fundamentals and technical s. But i am strong believer of Fundamentals and Technical s.

Dr.Zain

Sep 14, 2012 1:42am

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yesterday Gold retraced to 23% and again rallied, this means it respected its level!!!GG

Dr.Zain

Sep 14, 2012 1:58am

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My broker is Avafx too, Is Madhur Rai is your account analyst?

Dr.Zain

Sep 14, 2012 2:15am

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Madhur Rai and Aron Rai they are very help ful and specially Madhur is very Polite

Dr.Zain

Sep 14, 2012 2:27am

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Thanks for your humble replies. Gold Down?
took your time GG.

Dr.Zain

Sep 14, 2012 2:33am

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Quoting Gold-god

Disliked

U're welcome once more.
Yup, gold down.
I plan to add position at 1760-1765.
Have a nice weekend...

Ignored

LONGS?

Dr.Zain

Sep 14, 2012 5:21am

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agree with GG we here should behave like family in Forex factory

jegas

Sep 13, 2012 11:48am

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Note Positive for USD/CHF ,so USD goes to Up @ end of the US Session !

deadlyhands

Sep 13, 2012 11:32am

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nice statement guys..

Tw0eleven

Sep 13, 2012 11:51am

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Quoting Jj1459

Disliked

A giant spinning top on EUR/USD.."The Killer" of many traders!

Ignored

Good statement here! Glad I was just watching.

Tw0eleven

Sep 13, 2012 12:28pm

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When you are in an uptrend, Buy The Dips....You'll only be wrong once! And that's when it turns into a downtrend! News doesn't matter!

Tw0eleven

Sep 13, 2012 9:29pm

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Here's one more for you. Long e/u on Wed. at 1.2781 and exit at 1.2831.

Now explain to me what that proves or how that helps anyone?

Tw0eleven

Sep 14, 2012 6:33am

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Have a good weekend Jonah. I'm going to consider myself done on this thread.

Trainman

Sep 13, 2012 11:49am

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Looks pretty well in line with what the market expected. 20 minutes after the release, EURUSD settles down within the trading range it had prior to the announcement.

frx_trader

Sep 13, 2012 12:17pm

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Don't get emotional. The only thing that counts is your own trading. What good is it to win some arguments?

frx_trader

Sep 13, 2012 2:34pm

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Anybody can be a trader with somebody else analysis. Or anybody can be a trader with his/ her own analysis. I prefer the latter.

Gold-god

Sep 14, 2012 1:46am

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Guys, please do not take my statement as an advise to open any position since we all have our own consideration and also different type of trading style. That's only for sharing

Gold-god

Sep 14, 2012 1:49am

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So if there is a retracement, I think that would be a very good chance to add my position

Gold-god

Sep 14, 2012 1:55am

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I use Avafx and 2 other local broker in my city.

Gold-god

Sep 14, 2012 1:57am

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You're welcome Dr.Zain
Happy Careful Profitable Trading

Gold-god

Sep 14, 2012 2:01am

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Yup. It seems you are @ the eastern
Why you say that Ava doesn't welcome scalping.
I'm doing that an as long as I do it, I have no trouble. Do you use MT4 or Avafx Trading Platform?

Gold-god

Sep 14, 2012 2:22am

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The time from 23:33:18 to 23:35:05, means only 1 min 47 sec.

Gold-god

Sep 14, 2012 2:29am

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U're welcome once more.
Yup, gold down.
I plan to add position at 1760-1765.
Have a nice weekend...

Gold-god

Sep 14, 2012 5:49am

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100% agree.
Cheers and good luck to you too

moaf

Sep 13, 2012 12:09pm

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Buy the rumors sell the facts. Greece is back. Dollar King !!! ECB and FED have no bullets anymore.

Pipo

Sep 13, 2012 6:47pm

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How can the market price in an open dated a blank cheque?

zahidrock

Sep 13, 2012 1:30pm

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today is not good day for mine...

Senyor

Sep 13, 2012 11:50am

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What a spike . OUCH! Hedgers are hammered.

Jj1459

Sep 13, 2012 11:47am

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A giant spinning top on EUR/USD.."The Killer" of many traders!

Mike.Ngere

Sep 13, 2012 11:51am

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Quoting jegas

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Note Positive for USD/CHF ,so USD goes to Up @ end of the US Session !

Ignored

Does this mean USD/CHF is going long?

jpdafx

Sep 13, 2012 11:48am

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will go a bit down then up up Up! Maybe 1.2755 then 1,3040.

Sep 13, 2012 11:44am

sell what you can

Sep 13, 2012 11:51am

just technical moves...this bond buying thing is no surprise

Greener

Sep 13, 2012 12:15pm

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this bond buying program was already anticipated long time ago by Bernanke as alternative tool to the traditional QE...so no QE

Greener

Sep 13, 2012 12:46pm

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certainly heading towards 131 now...gold will challenge 1800

karelsmits

Sep 13, 2012 12:27pm

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Quoting Tw0eleven

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Where are you Jj1459??? You make a comment to me trying to put me down...I throw it back in your face with facts and now you are silent???

p.s. I see you are still in the room reading these comments.

Ignored

Tw0eleven, of course you are put down. Anyone can talk. You just talk and talk and talk, without proving any of your "qualities" in analyzing the market. As long as you don't show us real trading stats on a LIVE account, your comments don't have any significant value.
Other people also do write excellent comments, but you always have to add something stupid like: "you see, I told you..., I KNEW what was going to happen". If you would just leave that "intelligence" out, your comments would be appreciated, otherwise it's bs.

karelsmits

Sep 13, 2012 12:47pm

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Quoting Tw0eleven

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No need to show my live accounts when I have my forexfactory posts on here to prove myself. And I only say stuff like "I told you" when someone makes a derogatory(not too big of a word for you is it?) comment towards me.

Ignored

I disagree with you, you should prove your results if you talk like that. And I do see quite often "I told you"-style or "mister know it all"-style in your comments. You comment like a big loser.
I just wanted to let you know what I (and probably others) think of you.

Sanguis

Sep 13, 2012 12:17pm

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All fired off his gunpowder with this.

Sanguis

Sep 14, 2012 11:58am

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Yahoo! Finance ‏@YahooFinance

Does quantitative easing mainly help the rich? http://yhoo.it/RX19Vz

summerwine

Sep 13, 2012 5:24pm

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Quoting Tw0eleven

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Nope, it's called Price Action. And it just proved my point...spike down just before Fed statement to stop out weak longs or get people to go short, followed by a rally up to the 1.3000 level. I don't need to prove shit...the market did it for me!!!!

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You right Tw0eleven...

Loadedgun

Sep 13, 2012 12:19pm

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Quoting moaf

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Buy the rumors sell the facts. Greece is back. Dollar King !!! ECB and FED have no bullets anymore.

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That is a distant logic - not the time to be talking that kind of stuff. Not right now at least and especially in the face of the fact that you just woefully misjudged the Fed in this same forum. Lets be serious about what we say bro.

jonahky7

Sep 13, 2012 12:30pm

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Quoting moaf

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Buy the rumors sell the facts. Greece is back. Dollar King !!! ECB and FED have no bullets anymore.

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Buy the Hope and Sell the Fact will come when the Pop stop loss hunter is done with the lot.

"Amazing" how fake SP500 has popped so far, lmao!!!! Disaster waiting to happen.

Interesting that there are still some left over steam from the bull after crossing the 127% extension at .2935 - and it only happen in NY session.

Simple summary for newbies - it's far safer for you trade Asian and EU session than NY session. These 2 sessions tend to "obey" the technical lines, as for NY session, it's jsut fuelled with greed and NY traders are always looking for a kill to take out a lot of stop loss

in order just to cross a barrier. So becareful

Yes Moaf, from all these months of farting ECB looks broke as its only farting and lips talks - nothing else. 190bn from Germany, that will be used up in ONE day by Greece, Spain and the rest of the PIIGS, what contingency plan is that? Feeding the lazy bums for ONE day?

hss

Sep 13, 2012 12:44pm

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Quoting jonahky7

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Buy the Hope and Sell the Fact will come when the Pop stop loss hunter is done with the lot.

"Amazing" how fake SP500 has popped so far, lmao!!!! Disaster waiting to happen.

Interesting that there are still some left over steam from the bull after crossing the 127% extension at .2935 - and it only happen in NY session.

Simple summary for newbies - it's far safer for you trade Asian and EU session than NY session. These 2 sessions tend to "obey" the technical lines, as for NY session, it's jsut fuelled with greed and NY traders are...

Ignored

jonaky please tell me will there be a correction in the market soon

jonahky7

Sep 13, 2012 12:51pm

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Quoting moaf

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Agree. I think today and tommorow market can go up, 1.30-1.31 After this Greece is back. Not trading stocks but must admit that S&P looks like one giant ballon.

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In the meantime, enjoy the ride up (enjoying so far) and see if it can break higher and hit 1.3014/21 R3 for today - fingers crossed - ~1000pips up. Otherwise one just know where it will go.

BUt lets break R2 at .29651 first (if it can).

More hope market have the more buffer to sell - rinse and repeat

jonahky7

Sep 13, 2012 12:58pm

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Quoting hss

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jonaky please tell me will there be a correction in the market soon

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In summary I do not know (sorry) but there is a chance of correction as we are in "overbought conditions" above the MACD marker (however in these days, there's no overbought or oversell). There may be some correction but until we know what QE3 is farting, we will then know what pop (North) or pooped (South) we can see. I rather not bet here, just closed long at my R2 position. Also, I tend not to trust technical lines during NY session as NY sessions are very irrational becos of greed.

Well, there are 2 sides of the stories. Earlier in the year an EU min was predicting EU lala land going up to 1.44, that was followed by a 1000pips poop south then the slow up. So the game right now is there are loads of grass noise to confuse traders.

Loadedgun

Sep 13, 2012 1:35pm

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Quoting GermnMachine

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I was 1 step of margin call however I still hold my shorts .. how brave !!

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Excessively brave I got to say. But that is a quality that will serve you well anytime you are in direction. Keep it up.

jonahky7

Sep 13, 2012 1:37pm

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Quoting hss

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jonaky please tell me will there be a correction in the market soon

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I forgot to mentioned there was a rumored 1.300 barrier, so until then it broke my R2 and I closed too early, lol. Better take TP then be sorry anyway - see I don't even dare to venture to areas that I've not gone before in forex, it's money. SO better be safe

Loadedgun

Sep 13, 2012 1:39pm

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Quoting Tw0eleven

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Nope, it's called Price Action. And it just proved my point...spike down just before Fed statement to stop out weak longs or get people to go short, followed by a rally up to the 1.3000 level. I don't need to prove shit...the market did it for me!!!!

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And I respect your views profoundly - I think you are a real astute trader.

Loadedgun

Sep 13, 2012 1:42pm

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Quoting moaf

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Agree. I am surprised about this. But nevertheless it's history. And the only thing that can be positive next weeks is Spain bailout. Only bad things can came. 1.3 to test it, that's all in my opinion.

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But what I do not understand is we have been talking about this together - its like one has been wasting his time? Sure I know everyone got to have a plan and stick to it - but don't others make sense sometimes to get you to reconsider this (for instance) fixation with Europe? It is a developing story the market is following - why can't you follow the market? Just blows my mind.

Loadedgun

Sep 13, 2012 1:49pm

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Quoting Bakker

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It seems to me the big guns have decided that 1.30 will do for the time being.

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Not yet done we (big guns) like to confirm direction in the monthly candle - to keep it positive for the month and assure our long-term investment in direction we need more amplitude - that means we need to be above wk1 200MA and close to start thinking what happened to the small guys?

hss

Sep 13, 2012 1:51pm

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Quoting jonahky7

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I forgot to mentioned there was a rumored 1.300 barrier, so until then it broke my R2 and I closed too early, lol. Better take TP then be sorry anyway - see I don't even dare to venture to areas that I've not gone before in forex, it's money. SO better be safe

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ofcoarse..its the right way...thnx alot for your valuable input

Loadedgun

Sep 13, 2012 2:58pm

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Fundamentals is an "analytic approach" not the term structure of investments. However you analyse the market you can trade for whatever amount of time - you can maintain your position. Another fallacy that brokers get newbies hooked on. When I say absurd I mean absurd - and that is because it is the same as looking at the entrails of dead animals to forecast the future.

There is no formal method involved - no discipline that can be applied, no methodology to trade it by and no record (according to empirical research) of it's ability to be a predictor of price.

It is simply not rational to employ in the face of what we are all witnesses to today, yesterday and beyond.

Loadedgun

Sep 13, 2012 3:25pm — Edited

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Quoting moaf

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I am posting here when I am not trading. This or that, never make decision based on gg. Buy, sell, whatever. You have no idea what I have in the pocket now, and you will never know. Good luck !!!

Ignored

So you say one thing here and do another there? I am confused. But good luck. Soon I will be joining the explorer setup so everyone can see what is possible to be made from trading the Forex (at least for a while - after which I shall no longer appear in this forum). Good luck to you too.

Loadedgun

Sep 13, 2012 4:00pm

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Quoting Tw0eleven

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Just curious, what is the explorer setup and is there a thread on here for it?

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It's the new scheme where you hookup your trading direct to FF and results and other details can be viewed. It was on the entry page before today but don't see it now. Anyhow - go to your personal page you will find details there

Loadedgun

Sep 13, 2012 4:07pm

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Quoting jagonzalez

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I'm not a long term trader as i am not a millionaire to be making trades and holding on to that trade for an an indefinte time. Perhaps pre 2008, applying fundamentals was looked at briefly. Not so today, at least for the very wealthy. The situation is dire. One can safely enter the market, short the euro, and sit on it for a year. A handsome profit you will make. One can make this trade confidently solely based on fundamentals and looking at the price of the euro. Of course, in conjuction with some common sense.

Ignored

You baffle me completely and absolutely - so you have never made that kind of trade and you were not trading in whatever period you say that approach was most relevant - yet you know that it can be done and done SOLELY on fundamentals - even when you do not know how fundamentals "analysis" is done or traded?

foto

Sep 13, 2012 4:35pm

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Frankly if you knew anything about trading, you would know that people trade their beliefs in the market. Whether or not they make money is irrelevant. Making money is the by product of trading ones beliefs.

jaygee

Sep 13, 2012 8:28pm

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i post every trade i make. all you do is run your mouth like someone with something important to say.

Post if you are long or short in real time and lets see what you have got. I guess you will not. talk talk talk is all i hear. like a bunch of girls i say.

hss

Sep 14, 2012 12:58am

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Quoting m1kz

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all this policy statements can be easily revised in few simple sentences:

1) we take the dollars out the stocks and inject them into securities
2) we will print 40 billion more out of no where for military or scientific purposes for Rockerfeller research centeres
3) Main thing: we launch all the media to brainwash dumb zombie investors with QE3 bullshit

Ignored

lol

jonahky7

Sep 14, 2012 2:42am

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127% .2935 broken quite well last night, am looking at 161.8% at .3182 but unless market has more emotional on pushing it up, tech should follow some poop retracement from the "overbought" (there is no overbough nor oversold definition in my dictionary).

Quoting Tw0eleven

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Here's one more for you. Long e/u on Wed. at 1.2781 and exit at 1.2831.

Now explain to me what that proves or how that helps anyone?

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Y do you fall into the trap of telling (though its fine since you have taken TP) to that chap's taunting. That chap had been yacking trades before June and he was totally submerged - longing, in a big yellow submarine when parasite went down big time. He was shouting at fibo levels x8, x10 long blah blah blah when the sentiment was down. I know several retail traders followed him and got sucked into a negative account and they wrote to me to ask what to do.

What happened next was I think he got wept out and he went quiet for months until he returned again last week or so yacking, guess he has recovered his loss (which is good) but one damn thing I hate is to sweeps and clean somebody's ass job at yacking. Have enough on my plate already.

So best ignore such ppls taunting. I'm not trying to be rude to anyone but when someone is causing more confusion, I gladly enlist them to the camp with the likes of the 1.36 kiddo

jaygee

Sep 14, 2012 4:56am

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Only a dumb ass would think posting a wednesday trade now is real time. Like a box of rocks. All of my entries on the euro and yen trade are posted when i made them for anyone to see. Come on hot shot who posts nonsense all day long, lets see your "real" trades. If you have any. My last post to this foolishness.

Quoting Tw0eleven

Disliked

Here's one more for you. Long e/u on Wed. at 1.2781 and exit at 1.2831.

Now explain to me what that proves or how that helps anyone?

Ignored

Loadedgun

Sep 14, 2012 5:44am

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It's ok - conflict and conflicting views have their place - in the end (and no matter how abrasive things get) we will all do ok.

It is fun sometimes - and other times not so much fun. But I agree it would be ideal to have collaborates discussing the best ways to trade or explaining to each other things that they wish to understand. That ideal is hard to attain (tried at first thinking it was possible). Still in all of this noise there is a lot that is useful.

One thing though - lets remain civil to one another. It is very crude nature to get all insulting and abusive simply because you disagree. Besides does not work. Cheers to all and good luck.

jonahky7

Sep 14, 2012 6:15am

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Quoting Tw0eleven

Disliked

I'm with you Jonah, I posted PAST trades because I don't believe in posting live ones.

But you notice how instead of answerin the question I asked him...he just threw more insults? lol

Ignored

What can you say to "the rise of the pheonix" from his submerged yellow submarine? It was in June/July where his live shoutings got him into a spiral downward path looking at seaweeds. Good that he may have re-couped his lost, but the number of retail traders he dragged down with him previously are still in deep red. I'm not sure if he had help them at all? I doubt so.

That's when I said trade quietly. True that no one is force to follow his trades, but then follow many did.

I believe ff is for discussion, if someone is keen to post their live trades, there are better place to place n let the psych boys take care of them. I may be supersititious n daft but ain't posting live trades and risk losing pips. After all forex is about risk management

So either I keep bloody quiet or post live trades and let e big boys know what you are doing.

I've never heard if a pheonix gets resurrected twice, not to mention I've yet to see any real live pheonix.

Loadedgun

Sep 14, 2012 10:32am

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Quoting jonahky7

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I may be supersititious n daft but ain't posting live trades and risk losing pips. After all forex is about risk management So either I keep bloody quiet or post live trades and let e big boys know what you are doing.

Ignored

Now you got me scared I want to join the FF Explorer program and leave posting in this forum and only respond to conversations about my trade? Not scared of big boys but hackers. Suppose I put out a demo equivalent just to enable a discussion of technique and trades? What do you say?

jonahky7

Sep 14, 2012 11:09am

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Quoting Loadedgun

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Now you got me scared I want to join the FF Explorer program and leave posting in this forum and only respond to conversations about my trade? Not scared of big boys but hackers. Suppose I put out a demo equivalent just to enable a discussion of technique and trades? What do you say?

Ignored

I ain't spooking buddy, I recorded a whole list of journal events when people shouted in FF and compared that to the moves. % is scarry that it reverses path and hunt out tight SL. What I collected may be biased or uncalled for, but it was for my reference and it's scary to me. Just looked at the chap above shouting sell at .3116, the rest is history.

But if you put out a demo, to me its the same becos it's likely that you are going to trade that direction n be snooped by in ff. A buddy of mine used a private site, JoinMe or something to show his screen. Might be better that way at least you can monitor who's in n who's not.

Sergii27

Sep 13, 2012 11:43am

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Quoting Guest

Disliked

Buy gold and EUR/USD

Ignored

gold and eur/usd already price in QE3 so only sell

Thesorrow

Sep 13, 2012 3:52pm

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the conclusion is : always follow the trend for your safety

Arav007

Sep 13, 2012 11:49am

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what the effect is expected? No real direction yet!

Shelika

Sep 13, 2012 11:51am

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So QE or no QE?? The purchase of 40billions of debt is the QE or not? Someone pls tell me.

biren.nepal

Sep 13, 2012 11:50am

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Hahaha dont react anything as soon as possible.....wait till FOMC press conference....hahaha

Sep 13, 2012 11:43am

no QE

Sep 13, 2012 12:12pm

only 40b$, and it will stop any moment if economic outlook improve, so be carefull

mkj111

Sep 13, 2012 12:47pm

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Buy gold to have respite from inflation

taufiq_amjad

Sep 13, 2012 11:55am

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can any one tell is it Qe or not?

Loadedgun

Sep 13, 2012 11:43am

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It is in fact - the Holy Grail - Dow Theory.

GermnMachine

Sep 13, 2012 11:57am

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I was 1 step of margin call however I still hold my shorts .. how brave !!

jaygee

Sep 13, 2012 1:45pm

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sell 1.2717 avg eur/usd long at 1.2997 avg 32x

jaygee

Sep 13, 2012 1:50pm

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buy to cover 79.664 usd/jpy short at 77.430 2x

Loadedgun

Sep 13, 2012 2:22pm

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Analysis of fundamentals is absurd - why people bother in the face of repeated failure beats me. The market is what you analyse not what you have not a clue about.

Guentong

Sep 13, 2012 2:56pm

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woohooo we flying without wings....

foto

Sep 13, 2012 4:24pm

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Hey Loaded Gun. Who the hell are you the Trade Police?

Loadedgun

Sep 13, 2012 4:35pm

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Quoting foto

Disliked

Hey Loaded Gun. Who the hell are you the Trade Police?

Ignored

Your better.

Sep 13, 2012 5:55pm

SMALL QE

Sep 13, 2012 7:22pm

fighting, bickering like a bunch of girls in here.....nothing has changed much. Put your trades up in real time or be considered blah blah blah for the rest. Put your money where your mouth is.

jaygee

Sep 14, 2012 6:10am

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Sell eur/usd 1.3116 starting position.

Trader#4A83

Sep 14, 2012 11:01am

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Paragraph 2 is simply amazing. There have been no net new private sector jobs created in the US in over a decade. At about 110 Milllion we are at 1999-2000 levels. During that time GDP has increased 5 Trillion per year. And we are laying off public sector employees to make it worse. The solution, set up the public for a second round of losses on their real estate when mortgages are no longer artifically supported, interest rates double, and prices fall 40% while incomes stagnate. All so the banks don't have to realize the losses from their fraud and buy the time to transfer the obligations to the GSEs. They are not central *bankers* for nothing.