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  • #792,021
  • Apr 26, 2013 6:28am Apr 26, 2013 6:28am
Quoting lumesh
... bond prices in italy and spain are rocketing. Which is what is backstoping the euro's fall..
Yup, BoJ in play. And imo this is THE reason for ECB not to cut. I mean, they got like one last bullet , they cant have lower IR than 0. Shouldnt they use this bullet when those PIIGS fail again? Sure they should. Nevertheless, pressure to cut is very strong.

T
"I know one thing, that I know nothing." Sokrates
  • #792,022
  • Apr 26, 2013 6:28am Apr 26, 2013 6:28am
i hope when NY session opens to move EJ somewhere ... ( btw i'm 40 pips - today )
Make choices and don't look back !
  • #792,023
  • Apr 26, 2013 6:30am Apr 26, 2013 6:30am
beauty of e/u is it always stay close to where i left previous day


Advance GDP q/q

exp 3.1 & prev 0.4 % , it's going to be big fun
Mohan
  • #792,024
  • Apr 26, 2013 6:34am Apr 26, 2013 6:34am
Quoting forexings
{quote} I have doubt about up move if the news can't help. Being sold on every small up move.

89/90 is exactly where big traders have bids, just wait

It is candle - candle play either way and same guys playing.

I am not saying though it wont break through it but close is what matters.
They think they are smarter than I am.
  • #792,025
  • Apr 26, 2013 6:34am Apr 26, 2013 6:34am
Quoting Z3iz3i
{quote} Yea.....lots of chances to make mistakes and just one or few chances to get it right.
Thats often the case I noticed.. WHen it has a chance to close as a spinner it tries to do that)
69
  • #792,026
  • Apr 26, 2013 6:39am Apr 26, 2013 6:39am
Nice daily bearish pin bar. looking to trade the break. Thoughts?
  • #792,027
  • Apr 26, 2013 6:42am Apr 26, 2013 6:42am
ECB will not cut rate becase its irrelevant. Doesn't matter anymore.
This started like this.
Weidmann making careless comments on interest rates => sell-off => focus on rate cut grabbed attention of other politicians => Banks forecasting rate cuts => more focus on rate cut => more selling

And thats how a silly comment grabs meaning and gets overblown
thats just how market works
"You're solid gold, see you in hell"
  • #792,028
  • Apr 26, 2013 6:43am Apr 26, 2013 6:43am
Quoting Z3iz3i
{quote} Yea.....lots of chances to make mistakes and just one or few chances to get it right.


Friday definitively not the day to make 'tries' for me.

This is statisticaly the worst day for my strategy (based on simple support / resistance + fibo + volatility).

That means the market is more 'unusual' than other days: more purely close to a statistical gaussian oscillator.

Comparatively, mondays are more 'repeatable' even if they have low volatility.
  • #792,029
  • Apr 26, 2013 6:43am Apr 26, 2013 6:43am
Quoting mohan76
beauty of e/u is it always stay close to where i left previous day Advance GDP q/q exp 3.1 & prev 0.4 % , it's going to be big fun
remember your 4hr middle finger, it looks even better now
If you are new to Forex? Say Goodbye to your account!!
  • #792,030
  • Apr 26, 2013 6:44am Apr 26, 2013 6:44am
Buying dips strategy mode on
COT: The precious data ignored
  • #792,031
  • Apr 26, 2013 6:46am Apr 26, 2013 6:46am
Quoting Tom_D_Trader
{quote} Yup, BoJ in play. And imo this is THE reason for ECB not to cut. I mean, they got like one last bullet , they cant have lower IR than 0. Shouldnt they use this bullet when those PIIGS fail again? Sure they should. Nevertheless, pressure to cut is very strong. T
I have even better reason - when goldmans and alikes shouting about the rate cut , I'm starting to think about how convinient it is to pretend to be clueless, when they probably know for sure what the situation is with all the employees and ex-employees in various insider positions across the globe.
They dount have to be right about what they shout - they need to make returns, thats the priority. And returns are more easely made when selling agendas
69
  • #792,032
  • Apr 26, 2013 6:49am Apr 26, 2013 6:49am
Quoting KiwiTrada
{quote} remember your 4hr middle finger, it looks even better now
i can see hands too , do you have copy of US GDP recipe ?
Mohan
  • #792,033
  • Apr 26, 2013 6:50am Apr 26, 2013 6:50am
With so many traders in for short positions, opportunities I can't help but add some pending sells. The support around 1.3000 is something else. Am keen on the news coming out in 40mins time.
  • #792,034
  • Apr 26, 2013 6:52am Apr 26, 2013 6:52am
When the market is short position on unconfirmed information the best risk:reward trade is doing the opposite.
Becase covering and unwinding all those positions gets wide moves that extends to more stops triggering, etc etc.
"You're solid gold, see you in hell"
  • #792,035
  • Apr 26, 2013 6:53am Apr 26, 2013 6:53am
Quoting SugarPink
ECB will not cut rate becase its irrelevant. Doesn't matter anymore. This started like this. Weidmann making careless comments on interest rates => sell-off => focus on rate cut grabbed attention of other politicians => Banks forecasting rate cuts => more focus on rate cut => more selling And thats how a silly comment grabs meaning and gets overblown thats just how market works
Oh
  • #792,036
  • Apr 26, 2013 6:53am Apr 26, 2013 6:53am
Quoting SugarPink
When the market is short position on unconfirmed information the best risk:reward trade is doing the opposite. Becase covering and unwinding all those positions gets wide moves that extends to more stops triggering, etc etc.
Oh Oh
  • #792,037
  • Apr 26, 2013 6:57am Apr 26, 2013 6:57am
Doesn't look like price is going to take off up from this level. If there is any place to build a good long position it would be 1.2979.
  • #792,038
  • Apr 26, 2013 6:57am Apr 26, 2013 6:57am
Quoting Likerty
.... they probably know for sure what the situation is....
That is not a reason but conspiracy . But I have to agree. They know for sure what is coming and they are slowly placing bets so they dont scare market. It can start running anytime.

Funny thing here is, what can you take from their "analysis". They´r selling some agenda for sure, and seems it is "Ratecut is around corner, sell the faking Eur". Maybe the goal for this agenda is to get better price, cause they know no ratecut is coming. Who knows? Not me for sure.

T
"I know one thing, that I know nothing." Sokrates
  • #792,039
  • Apr 26, 2013 7:01am Apr 26, 2013 7:01am
Quoting Tom_D_Trader
{quote} That is not a reason but conspiracy . But I have to agree. They know for sure what is coming and they are slowly placing bets so they dont scare market. It can start running anytime. Funny thing here is, what can you take from their "analysis". They´r selling some agenda for sure, and seems it is "Ratecut is around corner, sell the faking Eur". Maybe the goal for this agenda is to get better price, cause they know no ratecut is coming. Who knows? Not me for sure. T
one think i know for sure is, rate hike easy to trade as it move in one direction & rate cut more complicated as pa can move any direction
Mohan
  • #792,040
  • Apr 26, 2013 7:06am Apr 26, 2013 7:06am
Quoting mohan76
{quote} one think i know for sure is, rate hike easy to trade as it move in one direction & rate cut more complicated as pa can move any direction
Yes, you are right. Weakness of Eur can be more than offset by rally in equities and bonds. So quite possible mid term spike up and then rally down to @ 1,18. I really hope they wont cut, I dont want to change my trading plan .
"I know one thing, that I know nothing." Sokrates
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