ECB Monetary Policy Decisions

Quoting Spreadbetter

Disliked

He's comedy gold though isn't he? How's things with you, you winning? :-)

Ignored

Short entries at 1.3215 and 1.3297. Scaled some out at this level and put the rest to BE+. Classic double trap... like you say wait for the kneejerk reaction to complete and then enter. Nice m15 pinbars showing selling. Let's see what NFP brings tomorrow.... I'm off out to enjoy the sun this afternoon and let the market do its thing now.

Have a great day!

ba1ker

May 2, 2013 9:26am

Quoting redfx1989

Disliked

wow nice short 3297.. seems that old position. but also nice your 3215.
i have from 317x planning to hold till next week

where yourr targett ? share idea please

Ignored

LOL - That was a typo

Here you go my friend...

http://gyazo.com/7c83595a0ee56c5515dcfd063bbab14b

SL at BE+
2n target shown, last target trailing stop

Keep it simple... support and demand/resistance and supply... use other tools for confluence and keep your eye on d1

lumesh

May 2, 2013 7:02am

Quoting jagonzalez

Disliked

Its about promoting growth baby....thats how its being construed....

Ignored

If that had any tiny bit of truth in it then the dollar should've been through the roof long time ago.

Squeeze

May 2, 2013 7:01am

Up? Barely above the daily pivot? ;-)

Quoting Davejumo

Disliked

Guys guys, I just laughed my sorry ass to death on this one, the institutional traders are taking us for a ride, I have no idea what they are looking at for this one

Euro economy bad, rate cut, but still up, WTH?

Ignored

jw1981

May 2, 2013 10:41am

My first time taking a trade during news.

Short entry was at 1.32 with stops at 1.33124. Target price is 1.281. Closed one trade at 1.3107 and moved another trade to BE. Maybe I got lucky first time... or probably i'm starting to understand Fibs finally.

Expecting a brief move back to 1.31 (within the end of day to short again but with a small pips). Guys, Draghi will be speaking on Monday, so despite any NFP noise, its likely that MD would talk the Euro down.

Fx Hiflyer

May 2, 2013 3:53pm

Quoting Spreadbetter

Disliked

You da man. I'd been long since early April on Eur/usd, closed mid morning. Waiting for swing short now..could be some time. Shit on a stick for trend traders atm. :-(

Ignored

lol....i thought you were neutral all that time........how wonderful

Halba

May 2, 2013 6:55am

Quoting jagonzalez

Disliked

Its about promoting growth baby....thats how its being construed....time to squeeze all the shorted bears out for now. Rally euro. Rally

Ignored

there is zero growth possible in the euro zone..baby..the whole place is in a depression.

May 2, 2013 8:27am

finally... euro down...
fundamentally as what EZ needed.. rate cut.
and also as technically.. previous day sexy candle at EUR/USD

so... happy birthday for euro seller

and pattience for buyer, do analysis again and choose what your margin needed for

if thing not changing, i will hold selling till next week, personally only because weekly setup, i think market gonna respecting back that pattern

May 2, 2013 9:06am

Quoting bbakker

Disliked

Short entries at 1.3215 and 1.3297. Scaled some out at this level and put the rest to BE+. Classic double trap... like you say wait for the kneejerk reaction to complete and then enter. Nice m15 pinbars showing selling. Let's see what NFP brings tomorrow.... I'm off out to enjoy the sun this afternoon and let the market do its thing now.

Have a great day!

Ignored

wow nice short 3297.. seems that old position. but also nice your 3215.
i have from 317x

planning to hold till next week

where yourr targett ? share idea please

May 2, 2013 11:52am

Quoting bbakker

Disliked

LOL - That was a typo

Here you go my friend...

http://gyazo.com/7c83595a0ee56c5515dcfd063bbab14b

SL at BE+
2n target shown, last target trailing stop

Keep it simple... support and demand/resistance and supply... use other tools for confluence and keep your eye on d1

Ignored

thanks for share ur chart

i also using CCI too.. but different period.
but for target i apply S&R based pivot weekly.
anyway thanks for share idea =b

May 2, 2013 8:16pm

Quoting Dr.Zain

Disliked

LG Euro H&S pattern almost comp;eted, do we see Euro below 1.30 tomorrow?

Ignored

if you mean at 1h TF i don't think that can valid to be called HnS
from my view, 4h was some triangle, ascending triangle maybe, and to complete this pattern, we need broke major support, and that should be bring EUR/USD to more than below 1.30.
but since we facing friday, and also NFP, which US ADP already bad, then seller also need carefull with NFP and profit taking mode later. i may be wrong too, just share my idea

ba1ker

May 2, 2013 8:04am

The majority of comments are pure comedy value, especially Loadedgun's comments. Can't believe that twat is still on here spouting his drivel...

jegas

May 2, 2013 7:29am

ECB rate will blow the market ,espacially eurjpy ,in coming days & US session euro will more aggressive buy ,buy ,don't make short ?

Dr.Zain

May 2, 2013 1:58pm

Hi LG How are u?
My Euro short @ 1.3110 of Tuesday excecuted today after ECB rat cut decision

Dr.Zain

May 2, 2013 2:28pm

Quoting Loadedgun

Disliked

I am well - glad you stuck with the trade and it paid off. Cheers and more wins in future.

Ignored

Thanks for good wishes

Dr.Zain

May 2, 2013 2:31pm

LG Euro H&S pattern almost comp;eted, do we see Euro below 1.30 tomorrow?

Indrek

May 2, 2013 7:16am

Never trade fundamentals, it is silly and giving no results. You need to look into calendar to avoid the news but otherwise - technicals only!

lumesh

May 2, 2013 6:53am

Of course it's up

....it's the euro.

k3nshinz3139

May 2, 2013 6:55am

1.33 after 0830 NY time :$

lumesh

May 2, 2013 7:05am

Quoting cppolybd

Disliked

But it will go down hard after ecb press conference...

Ignored

depends 100% on Draghi...if he comes up with something astonishing then it'll keep climbing

jagonzalez

May 2, 2013 6:53am

Its about promoting growth baby....thats how its being construed....time to squeeze all the shorted bears out for now. Rally euro. Rally

jagonzalez

May 2, 2013 7:02am

ill be shorting after 1.34. You can stick to fundamentals if you like.

tahshoon

May 2, 2013 7:03am

who is naive?the market makers or who thinks to make money very fast

tahshoon

May 2, 2013 7:28am

what do u think,the majority put there sl ,then the market will go there,then going down,not before,i think

HendiSTR

May 2, 2013 7:01am

Damned cut rate ... i m loss 50$

blackNwhite

May 2, 2013 7:00am

looks like euro will going up, exactly like your words, sir - Loadedgun

May 2, 2013 6:57am

Risk off..... LOL

May 2, 2013 7:27am

it seems draghi is in boj not ecb

Crucifix

May 2, 2013 8:15am

Quoting k3nshinz3139

Disliked

1.33 after 0830 NY time :$

Ignored

khol_hands

May 2, 2013 11:33am

in the end eur go down as usually about cut rate.have a nice day

buy tomorrow!!!

May 2, 2013 6:49am

stops hunter

May 2, 2013 6:53am

Here comes the trap.

May 2, 2013 6:48am

up or down?

May 2, 2013 6:54am

I told it yesterday but someone called me mad...
Forex gamblers are insane so think insanely..

Halba

May 2, 2013 6:55am

sell the rumour buy the fact

May 2, 2013 6:57am

-1450$...

May 2, 2013 7:01am

But it will go down hard after ecb press conference...

cppolybd

May 2, 2013 7:11am

Quoting lumesh

Disliked

depends 100% on Draghi...if he comes up with something astonishing then it'll keep climbing

Ignored

Yea he will be cynical as usual I guess...

Black Caviar

May 2, 2013 7:26am

Just look & see my commented there:

http://www.forexfactory.com/news.php?do=news&id=425443#post6650692

Black Caviar

May 2, 2013 7:29am

Quoting holmes

Disliked

it seems draghi is in boj not ecb

Ignored

hahahaha LOL, you're rite

cppolybd

May 2, 2013 7:54am

Here we go... down down

May 2, 2013 6:48am

ECB cut !!!!!

May 2, 2013 6:53am

its come as expected..

Davejumo

May 2, 2013 6:59am

Guys guys, I just laughed my sorry ass to death on this one, the institutional traders are taking us for a ride, I have no idea what they are looking at for this one

Euro economy bad, rate cut, but still up, WTH?

Keith FX

May 2, 2013 7:17am

Quoting Indrek

Disliked

Never trade fundamentals, it is silly and giving no results. You need to look into calendar to avoid the news but otherwise - technicals only!

Ignored

Good Advice!!!!!!!!!!!!

my sentiment exactly

May 2, 2013 7:32am

Surely most retail traders exit the market pre policy announcements or major news releases? Ignoring whether you're right or wrong you have the issue of 'two way' spikes breaching your stops, stops not executing, orders not being filled, take profit orders not being filled, and most retail platforms are pants during major news events, they'll claim fast moving markets etc but in practice they simply can't cope even if ECNs and could be hammered.

Quoting Indrek

Disliked

Never trade fundamentals, it is silly and giving no results. You need to look into calendar to avoid the news but otherwise - technicals only!

Ignored

May 2, 2013 8:24am

He's comedy gold though isn't he? How's things with you, you winning? :-)

Quoting bbakker

Disliked

The majority of comments are pure comedy value, especially Loadedgun's comments. Can't believe that twat is still on here spouting his drivel...

Ignored

May 2, 2013 8:28am

Never forget that being out of the market is in fact a position. There is the other way to play, I recall one of the sensible guys at FXCM mentioning it (he's gone now I think), be out then trade in the direction of the next 15-30 min candle after the current one closes.

Oh and as an addition I saw a study a while back that proved that the longer term trend rarely alters after a rate decision, major policy decision and in particular NFP, it was iirc 80:20

Quoting Guest

Disliked

The markets are a joke. Both of my trading mentors dont know each other but both have told me several times do not trade any major news event, leave it to the large banks and large trading organisations. Its the luck of the draw. I suppose that’s why they professionals making ridiculous amounts of profit. Its a gamble but if you've took a loss, you only have yourself to blame!

Ignored

Loadedgun

May 2, 2013 1:17pm

A word of advice to newbees day trading these types of news events. First never take a position before. Second be patient the markets initial moves are too volatile to read or trade (only machines might survive that kind of volatility) - after a while things settle down (could take an hour after a release) and that is when to enter a position. Usually (and given the news in this case) direction becomes obvious after a point and that is when you make your play. Finally, once in direction price will not turn suddenly and wrong foot you - stay with it until say 5 pm GMT then take profit and go to sleep - got to be patient.

I mention this because on release you see a lot of guys say Euro up or Euro down seconds after the release and others crying manipulation blah blah that is not the best way got to keep your cool and watch calmly like you are a bystander until things clear up - else those initial moves can cause you grief - do not forget you are following and being late is better than being too early sometimes. Practice this if you must trade the news.

Loadedgun

May 2, 2013 2:12pm

Quoting Dr.Zain

Disliked

Hi LG How are u?
My Euro short @ 1.3110 of Tuesday excecuted today after ECB rat cut decision

Ignored

I am well - glad you stuck with the trade and it paid off. Cheers and more wins in future.

In-KRG

May 2, 2013 2:46pm

I think that during news events we as traders should expect prices to be more unpredictable as usual. Prices will never drop are rise to any extent without testing s & r levels first. Do not look for prices to drop 100 pips after a rate cut anouncement when the market has been consolidated for hours leading up to it. Market makers are called this for a reason and they had plenty of capital to yo yo the prices before Draghi's speech. Either stay out during big news or lower risk to even a micro lot until levels have been tested and show to hold especially in higher time frames.

May 2, 2013 2:55pm

You da man. I'd been long since early April on Eur/usd, closed mid morning. Waiting for swing short now..could be some time. Shit on a stick for trend traders atm. :-(

Quoting bbakker

Disliked

Short entries at 1.3215 and 1.3297. Scaled some out at this level and put the rest to BE+. Classic double trap... like you say wait for the kneejerk reaction to complete and then enter. Nice m15 pinbars showing selling. Let's see what NFP brings tomorrow.... I'm off out to enjoy the sun this afternoon and let the market do its thing now.

Have a great day!

Ignored

Loadedgun

May 2, 2013 3:25pm — Edited

Quoting Dr.Zain

Disliked

LG Euro H&S pattern almost comp;eted, do we see Euro below 1.30 tomorrow?

Ignored

Those technical patterns are really funny to me - I do not use them at all - they are highly unreliable. The Euro is in a downtrend and has been for over 4 years - if you look at the monthly chart you will see that.

But as of now it is phased up intraday - the rate cut not withstanding I still think we will see some more upside before see the unitary downtrend. I still expect to see 1.34 but if that view changes I will let you know.

Raminzk

May 2, 2013 7:20am

Ofcourse EURO masters are aware about difficulties of EURO up, then I am determined that draghi speak or ECB speak will not be hawkish and EUR will go down again

andan

May 2, 2013 7:07am

heheheh... still hurried to long Euro and gold.

Plofkip

May 2, 2013 6:54am

"What its mean.
Dolar up?"

mlewis

May 2, 2013 7:37am — Edited

well this is all jolly exciting isn't... some big numbers being crunched here!

mlewis

May 2, 2013 7:40am

is this big people buying euro yen and eurusd before pulling the rug on the eurusd longs and ending up with a safely placed eurjpy position?

mlewis

May 2, 2013 8:05am

haha.... there goes the rug

Aladar

May 2, 2013 6:56am

is it for real or hoax?

ssshhhh

May 2, 2013 8:06am

For newbies and stubborn: definitely learn what happens when a rate cut happens.

Basic of basic.

Eccles

May 2, 2013 7:21am

"Why isn't it going down, oh why isn't it going down?"

It went down, it went all the way to 1.31200. Next time don't be so greedy and use reasonable SLTP levels.

kbp

May 2, 2013 6:57am

feck! lost about $100 in this news gambling.

kbp

May 2, 2013 7:04am

if you want to speak fundamentals, everyone predict they would cut and now they actually cut, so their predictions were true. Hence their investment in Euro was correct, hence it goes up.

May 2, 2013 6:49am

soo euro down

May 2, 2013 6:50am

Crazy eur going up !!!!!!!!!!!!

skrishna1976

May 2, 2013 6:51am

Why is euro shooting up????

naeem786

May 2, 2013 6:51am

Eur Down but going up what is this shit ?

Trader#25B7

May 2, 2013 7:00am

The markets are a joke. Both of my trading mentors dont know each other but both have told me several times do not trade any major news event, leave it to the large banks and large trading organisations. Its the luck of the draw. I suppose that’s why they professionals making ridiculous amounts of profit. Its a gamble but if you've took a loss, you only have yourself to blame!

iwaknila

May 2, 2013 7:01am

if ecb rate is cut ... euro should go down , isn't it ?
or ... is it really should go up ? ? ? 0_o ? ?
sorry i am still learning

Mr.Sam

May 2, 2013 7:07am

Why is not down...????

lopatica

May 2, 2013 7:17am

How far are they prepared to go with price manipulation. Unbelievable.

Trader#6949

May 2, 2013 7:23am

Quoting Indrek

Disliked

Never trade fundamentals, it is silly and giving no results. You need to look into calendar to avoid the news but otherwise - technicals only!

Ignored

Technicals said to buy the dips the entire month of April....continues in May.

Quoting lopatica

Disliked

How far are they prepared to go with price manipulation. Unbelievable.

Ignored

"The market can remain irrational far longer than you can remain solvent"

ArvONs

May 2, 2013 7:25am

LOL. All sells, but it go up anyway...Someone cheating?!
Wait for Draghi. He should put things right.

GlennFX1

May 2, 2013 7:25am

6 Minutes before the time ECB cuts rate by 0.5% on local news channel

teefx

May 2, 2013 7:32am

any links for Dragi's speech,pls

Trader#F8FA

May 2, 2013 8:02am

Quoting Guest

Disliked

The markets are a joke. Both of my trading mentors dont know each other but both have told me several times do not trade any major news event, leave it to the large banks and large trading organisations. Its the luck of the draw. I suppose thatâ€s why they professionals making ridiculous amounts of profit. Its a gamble but if you've took a loss, you only have yourself to blame!

Ignored

Dear Guest,
Large institutions & trading firms do not trade like the retails traders.
1/ They use wider stops
2/ Put on their hedged positions as early as possible, wait for the whiplash after the news and liquidate as soon as their position is profitable.

You and I can't trade like that. We can only trade the secondary reaction to the news.
Hope this helps

Keith FX

May 2, 2013 8:03am

patience is a virtue..........

NewToAll

May 2, 2013 8:09am

Lol Draghi smiled when that guy told him that Euro dropped after he commented on deposit rate

ArvONs

May 2, 2013 8:26am

Quoting ArvONs

Disliked

LOL. All sells, but it go up anyway...Someone cheating?!
Wait for Draghi. He should put things right.

Ignored

Like I said...

Keith FX

May 2, 2013 8:38am

TP on S3 from pivot = 130 pips... thanks Mr D you lil beauty

May 2, 2013 2:52pm

Spot on. Bravo :-)

Quoting cppolybd

Disliked

But it will go down hard after ecb press conference...

Ignored

Trader#6949

May 2, 2013 6:51am

Good luck euro bears. Price couldn't even break 1.3100...no chance on 1.3000.

Trader#0D00

May 2, 2013 6:53am

take out retail trader darn it ahaha eu make me laugh

Trader#61D7

May 2, 2013 6:54am

This is nothing short of a circus....

Trader#16A9

May 2, 2013 6:54am

long all the way?

Trader#EC38

May 2, 2013 6:55am

let the draghi come...

Trader#D916

May 2, 2013 6:58am

Yet when Goldman hinted that there might be a rate cut we saw a 100 pip drop in the Euro. The theiving market.

Trader#C86C

May 2, 2013 6:59am

the trap is opened in euro

Trader#716E

May 2, 2013 7:02am

love this gap on mi SL-34% DD

Trader#44EA

May 2, 2013 7:06am

"3.The interest rate on the deposit facility will remain unchanged at 0.00%"

http://www.ecb.int/press/pr/date/2013/html/pr130502.en.html

wonder why they didn't cut that rate as well? any ideas?

Trader#DDE6

May 2, 2013 7:12am

what's with everyone posting how much they lost? is today share the pain day?

Trader#CA02

May 2, 2013 7:15am

Trading the Euro is so risky and unpredictable. The currency is Opaque.

Trader#06E2

May 2, 2013 7:26am

Something that I learned not so long ago, is that any interest rates cuts have a good impact on the currency.

Trader#43B2

May 2, 2013 7:53am

hehehe, had Many jpy pair and all shoot up. this news and thstitutions are smart assholes. hooray

Trader#D916

May 2, 2013 8:25am

"We stand ready to act" = short for 20% account increase.

The market needed to know the future.

Trader#AEC9

May 2, 2013 8:29am