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  • #737,021
  • Dec 20, 2012 11:18am Dec 20, 2012 11:18am
Quoting fxnav
Thanks. There is a distinct lack of basic knowledge in this thread.
Many people assume strong economic data equals a stronger currency. When it comes to safe havens this couldn't be further from reality. Just look at at US or JPY equities relative to the moves of there respective currencies. Then start looking at AUD equities relative to its currency, AUD is starting to become a safe haven.
It works till it doesn't
  • #737,022
  • Dec 20, 2012 11:18am Dec 20, 2012 11:18am
how about shorting gbp/usd?need help
Sometimes it's better to be wrong,to learn..
  • #737,023
  • Dec 20, 2012 11:20am Dec 20, 2012 11:20am
Quoting KillerWhale
Don't worry asshole, I'll get you.
I'll dig through my old posts and I'll show where I warned you to back off.
You are crossing a fine line, drop the topic.
  • #737,024
  • Dec 20, 2012 11:20am Dec 20, 2012 11:20am
Quoting DaEdge
Many people assume strong economic data equals a stronger currency. When it comes to safe havens this couldn't be further from reality. Just look at at US or JPY equities relative to the moves of there respective currencies. Then start looking at AUD equities relative to its currency, AUD is starting to become a safe haven.

Exactly. Ken is saying that on good news people sell equities and move into dollars. That is just silly. On good news money flows out of reserves and into risk assets. No point holding cash on the balance sheet when the economy is growing and we get a bit of good news, that's EXACTLY when it is put to use and the dollar goes DOWN
The great majority are rarely capable of thinking independently.
  • #737,025
  • Dec 20, 2012 11:20am Dec 20, 2012 11:20am
Quoting opale
thank
Of course kidding mate... We are below some very important levels. If this cripple decides south now or during Asia, it will get nasty. Unless we have a close above at least 1.3240s, it is turning pretty bearish. Put a reasonable stop loss limit and wait if you have LONGs in red...
  • #737,026
  • Dec 20, 2012 11:20am Dec 20, 2012 11:20am
I am a fan of political gridlock in Washington, but not this time around. They should get the fuck out and fix the damn thing or I'll reach for the pitchfork.
  • #737,027
  • Dec 20, 2012 11:22am Dec 20, 2012 11:22am
just when I thought my long is fucked.. Thank you Reid, and in the same time "Fuck you" just for good measure..
  • #737,028
  • Dec 20, 2012 11:22am Dec 20, 2012 11:22am
I think everyone is familiar with risk on USD bearish and risk off USD bullish.... But with Bernanke printing as many USD as he can right now people might speculate that this will reduce should the US economy improve at a faster rate.

We also have the possible liquidation of dollar trader assets such as Gold/silver which could be sold of on continued good news as people might feel they have less need for safe havens.

These are just possibilities to consider

Quoting fxnav
Kenny seems to have quite a following on here and as he is so wrong I just want to make sure that his followers understand how risk and dollar flow works correctly.

Understanding risk is the basis of trading, without it, it is just gambling. You need to thoroughly understand risk and basic money flows to even contemplate putting a real dollar in the market.
  • #737,029
  • Dec 20, 2012 11:23am Dec 20, 2012 11:23am
Quoting attila
I am a fan of political gridlock in Washington, but not this time around. They should get the fuck out and fix the damn thing or I'll reach for the pitchfork.
Go for it. Until the fix it, it's difficult to trade (at least for me).
  • #737,030
  • Dec 20, 2012 11:24am Dec 20, 2012 11:24am
Quoting fxnav
Exactly. Ken is saying that on good news people sell equities and move into dollars. That is just silly. On good news money flows out of reserves and into risk assets. No point holding cash on the balance sheet when the economy is growing and we get a bit of good news, that's EXACTLY when it is put to use and the dollar goes DOWN
Agreed. These are basic principles people take more risk & spend money when news is good & they hold back & tighten there belts when it's not. Why would someone leave there money in cash when data is good & they can invest it to generate solid returns. These are simple money flow principles.
It works till it doesn't
  • #737,031
  • Dec 20, 2012 11:25am Dec 20, 2012 11:25am
Quoting DaEdge
Agreed. These are basic principles people take more risk & spend money when news is good & they hold back & tighten there belts when it's not. Why would someone leave there money in cash when data is good & they can invest it to generate solid returns. These are simple money flow principles.

90% here don't get that, maybe that is why 90% here fail in trading....
The great majority are rarely capable of thinking independently.
  • #737,032
  • Dec 20, 2012 11:26am Dec 20, 2012 11:26am
Quoting math_GB
Yes, it will hit 1.3300s any second now... Seriously, maybe there is no more fiscal cliff...
I was honestly bull shitting... I probably should do this more often...
  • #737,033
  • Dec 20, 2012 11:26am Dec 20, 2012 11:26am
Quoting math_GB
Of course kidding mate... We are below some very important levels. If this cripple decides south now or during Asia, it will get nasty. Unless we have a close above at least 1.3240s, it is turning pretty bearish. Put a reasonable stop loss limit and wait if you have LONGs in red...
well ... above 13240
  • #737,034
  • Dec 20, 2012 11:26am Dec 20, 2012 11:26am
Quoting egkid
I will not stand on this spot
And refuse to dragging to this Crazy Talks


Been on FF for years and u can check my trades and checking the highly respected Traders who give me V ask them about me
And check who had got my V

And BTW If anyone don't like to given a V to another trader i think he deserve it then He better Go to hell Than nagging me
you gave me a vouch and the following day you took it off and i didnt take it toheart as its your view to give anyone a vouch or to take it off i dont see why kw is bothered its your right to do so to give whoever you see fit and the rules dont say go back to killer whale for approval lol anyway i think this is an ending diagoonal pattern to reach 1.335 area
  • #737,035
  • Dec 20, 2012 11:27am Dec 20, 2012 11:27am
Quoting attila
just when I thought my long is fucked.. Thank you Reid, and in the same time "Fuck you" just for good measure..
never..........


well not today
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  • #737,036
  • Dec 20, 2012 11:27am Dec 20, 2012 11:27am
Quoting PipLand
I think everyone is familiar with risk on USD bearish and risk off USD bullish.... But with Bernanke printing as many USD as he can right now people might speculate that this will reduce should the US economy improve at a faster rate.

We also have the possible liquidation of dollar trader assets such as Gold/silver which could be sold of on continued good news as people might feel they have less need for safe havens.

These are just possibilities to consider
I think BB has done right this round. He should've done that with QE1.
  • #737,037
  • Dec 20, 2012 11:27am Dec 20, 2012 11:27am
Quoting PipLand
I think everyone is familiar with risk on USD bearish and risk off USD bullish.... But with Bernanke printing as many USD as he can right now people might speculate that this will reduce should the US economy improve at a faster rate.

We also have the possible liquidation of dollar trader assets such as Gold/silver which could be sold of on continued good news as people might feel they have less need for safe havens.

These are just possibilities to consider

That is 45Bn a month, we trade roughly 2Trn a DAY in dollars. This round of QE is a total joke and entirely wrong, QE1 was the only right one. The problem is though that Ben had to go to buying MBS as he ran out of T-bills, he had bought them all with 1 and 2
The great majority are rarely capable of thinking independently.
  • #737,038
  • Dec 20, 2012 11:28am Dec 20, 2012 11:28am
Quoting opale
well ... above 13240
That is the first step fratello. Tu sei l'italiano...?
  • #737,039
  • Dec 20, 2012 11:29am Dec 20, 2012 11:29am
Quoting Ken A
I think BB has done right this round. He should've done that with QE1.

And again, you have that wrong. It is staggering your lack of knowledge when it comes to very basic trading principles that every noobie that has been in this business for 6 weeks should know.

How the heck did you get 1 vouch, let alone 10. Are the people who vouched for you lacking in basic knowledge even more than you? Is that even possible?
The great majority are rarely capable of thinking independently.
  • #737,040
  • Dec 20, 2012 11:31am Dec 20, 2012 11:31am
Quoting opale
hi guy
is it ready for rebound?
Quoting math_GB
Of course kidding mate... We are below some very important levels. If this cripple decides south now or during Asia, it will get nasty. Unless we have a close above at least 1.3240s, it is turning pretty bearish. Put a reasonable stop loss limit and wait if you have LONGs in red...
3300 is still very much on the cards, it may not be today, but still very probable.

This move down has barely scrapped over 23% both directions are open

see here

http://www.forexfactory.com/showthre...51#post6312951
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