Bernanke Testifies | Forex Factory

Bernanke Testifies | Forex Factory

Bernanke Testifies

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Jul 17, 2013 12:43pm

Ali there will be no tapering in Stimulus Package at least till January 2014 as the Uncle Big Ben leaving the Office and new Fed chairman might be ex secretary of finance and he is already spoke very clearly that the Stimulus couldn't be tapered till 5 years more.
Happy tradibg

Jul 17, 2013 12:01pm

Quoting ali awan

Disliked

what the hell is going on e/u and g/u going up why

Ignored

The 1st part of the proceeding is to seduce more retailers to bet heavy on the bearish trend of EU.

The second part, the big fish will make an complete u turn to prod all the retailer to perform the S/L action so that they can drain out your bet!!

Hahaha.......

Jul 17, 2013 12:36pm

Quoting jaygee

Disliked

well ali, it appears the down move has receded and buyers have come in and bought most of this back up. Where it goes from here is anyones guess but i am still fairly bullish on longs. Nothing has much changed since yesterday except this AM sell off. Maybe it would be wise for you to stop trading and get some education on all this before proceeding

Ignored

Hi jaygee, can you put some light on EJ.... Please?

Jul 17, 2013 1:23pm

Quoting jaygee

Disliked

I looked the weekly and monthly charts over briefly and found some fairly significant resistance on both charts. a glance at the daily chart shows some support though. I didn't look any lower but the higher end long term timeframes show resistance. For very long term out on the monthly chart, it has been selling for some time. there is a higher high aand higher low on it which is bullish.Kind of a mixed bag. It has negatively diverged on the weekly chart. Hope that helps.

Ignored

Thanks for your time jaygee.... im short on EJ and watching my loss increasing day by day... but im still hopeful and remain hopeful until it burn my acct

Jul 17, 2013 9:14am

Quoting Trader88q

Disliked

i cant load page
what he is saying? to buy dollar or to sell

Ignored

they are keeping it mum in-house speech today, cspam and sites no fooking sound - do lips syncing!!!

only place is bloomberg

Jul 18, 2013 2:33am

The markets are never normal.

Jul 17, 2013 12:38pm

Quoting ali awan

Disliked

so now where market move tonight and tommorow

Ignored

Brother are you new in trading?

Jul 17, 2013 9:40am

Triggers have been pulled--watch out!

Jul 17, 2013 9:13am

Here you go guys http://www.bloomberg.com/tv/
He is not speaking yet

Jul 17, 2013 9:32am

http://www.policymic.com/articles/20604/bernanke-press-conference-live-stream-qe4-stream-updates-and-analysis

Jul 17, 2013 10:16am

$ weakness....? Buy buy buy

Jul 17, 2013 9:28am

Quoting ali awan

Disliked

guys just tell us there market move we dont concern about his speech what he saying we want get 100 or 150 pips from mkt now so please post some positive news about mkt

Ignored

You should listen. its good to understand what makes the market big move .Been having some great results because of PA+Fundamentals im Up 400Pips! First time of my life i can feel like i really understand the market and be 100% sure of my market decision .

Jul 17, 2013 9:54am

what ever tension remains will be continued tomorrow same time.....

Jul 17, 2013 10:17am

Quoting Narnold1

Disliked

man if one of my kids said "ummmm.." and "uhhhh..." so much they would get a sharp rebuke...

Ignored

roflmao...................

Jul 17, 2013 9:06am

i cant load page
what he is saying? to buy dollar or to sell

Jul 17, 2013 9:07am

what does he says?
ok if dollar will continue to fall then he says no taper.

Jul 17, 2013 9:27am

dollar strength on Bens Mic not working haha.

watching live on C-SPAN 3

Jul 17, 2013 9:41am

dollar seemed to strengthen on mention of the asset purchase program details?

Jul 17, 2013 9:04am

taper ended , eur and gbp bull

Jul 17, 2013 10:15am

hi to all
sell gold sl 1303 tp1255

Jul 17, 2013 12:49pm

Quoting jaygee

Disliked

sorry, i don't trade ej mafia

Ignored

thats okay

Jul 17, 2013 10:20am

tôi chán bernanke

) vì ông ta thường xuyên cho tôi tiền $$$$

Jul 17, 2013 9:32am

Right Uncle Ben just started testifying after 20-30mins delay

Jul 17, 2013 9:29am

So many breaks in bloom.....wooow

Jul 17, 2013 9:04am

Nothing happened on EU market as expected. :|

Jul 17, 2013 9:15am

Quoting timos

Disliked

Here you go guys http://www.bloomberg.com/tv/
He is not speaking yet

Ignored

what about FF schedule if he not spoken yet then why they place it in that time?

Jul 17, 2013 9:19am

Bloomberg saying a moments away from Bernanke Testifies..

Jul 17, 2013 9:23am

just wait and watch the bloomberg they will display the Bernanke program live

Jul 17, 2013 9:30am

Quoting Pipanator

Disliked

dollar strength on Bens Mic not working haha.

Ignored

wait and watch when its mike working he will do something wrong.

Jul 17, 2013 9:40am

what should we do wait or go with market ?

Jul 17, 2013 9:54am

Quoting th3l4w

Disliked

where is volatility ??

Ignored

may be it will volatile after some time.

Jul 17, 2013 10:04am

what happening today MPC is gone for 5 minutes 150 pips but not gotten the good profit because of Requotes and now Ben it now going reverse.

Jul 17, 2013 9:08am

relax and wait guys do not jump in the market yet

Jul 17, 2013 9:12am

Quoting Didgeridoo

Disliked

Lots of consolidation going on - regardless of events. Wait for trends to emerge - my advice anyway.

Ignored

AGREE

Jul 17, 2013 9:13am

usd/chf DID NOT FOLLOW THE EURO/USD TREND...euro/usd might go up in the near future....be careful

Jul 17, 2013 9:53am

be very careful...the market can turn at anytime SP is not correcting a lot

Jul 17, 2013 9:14am

usd up, gold up
something is rotten in... testimony

Jul 17, 2013 9:46am

GU look like moving down

Jul 17, 2013 9:11am

Lots of consolidation going on - regardless of events. Wait for trends to emerge - my advice anyway.

Jul 17, 2013 9:45am

1279 below dont be remain long in gold

Jul 17, 2013 9:04am

wait for questions first...

Jul 17, 2013 9:49am

This might be a seelll on Eur/Usd ....Under 1,299 gonna short afther a nice correction

Jul 17, 2013 9:28am

Quoting Pipanator

Disliked

dollar strength on Bens Mic not working haha.

Ignored

that is a sign from above

Jul 17, 2013 11:01am

pumping the money in

Jul 17, 2013 9:42am

Hah what a fucking joke. Mike issues.... son of bitcccc...

Jul 17, 2013 9:22am

Quoting asingh601

Disliked

what about FF schedule if he not spoken yet then why they place it in that time?

Ignored

Keep the website TV on guys, and wait for the response soon.. in the mean time, DO SOMETHING ELSE THAN ENTERING TRADE!

Jul 17, 2013 9:33am

Quoting jhaye

Disliked

You should listen. its good to understand what makes the market big move .Been having some great results because of PA+Fundamentals im Up 400Pips! First time of my life i can feel like i really understand the market and be 100% sure of my market decision .

Ignored

so what you say where market goes dear

Jul 17, 2013 9:51am

Quoting jhaye

Disliked

You should listen. its good to understand what makes the market big move .Been having some great results because of PA+Fundamentals im Up 400Pips! First time of my life i can feel like i really understand the market and be 100% sure of my market decision .

Ignored

Tell me where to learn this? drives me mad not being able to fully understand the news doesnt give me confidence in my news trading. cheers

Jul 17, 2013 10:28am

Quoting Guest

Disliked

is that volatility over?

Ignored

It may not be over if Fed doesnt move ahead on their projected move to taper in September because this would re-open doubts in the market about what might happen in the future and it would again force the Fed to provide more guidance on something that they have proven that they can't predict. For this reason, and the fact that Ben is set to step down in early 2014 means tapering is especially likely and USD is also likely to be best played as a bullish trend

Jul 17, 2013 12:05pm

Quoting Kok Teong

Disliked

The 1st part of the proceeding is to seduce more retailers to bet heavy on the bearish trend of EU.

The second part, the big fish will make an complete u turn to prod all the retailer to perform the S/L action so that they can drain out your bet!!

Hahaha.......

Ignored

IT seems they test the waters to see how many stops are available before going all in on the stop run....then drain the pool and start over

Jul 17, 2013 12:22pm

well ali, it appears the down move has receded and buyers have come in and bought most of this back up. Where it goes from here is anyones guess but i am still fairly bullish on longs. Nothing has much changed since yesterday except this AM sell off. Maybe it would be wise for you to stop trading and get some education on all this before proceeding

Jul 17, 2013 1:11pm

Quoting Mafia

Disliked

thats okay

Ignored

I looked the weekly and monthly charts over briefly and found some fairly significant resistance on both charts. a glance at the daily chart shows some support though. I didn't look any lower but the higher end long term timeframes show resistance. For very long term out on the monthly chart, it has been selling for some time. there is a higher high aand higher low on it which is bullish.Kind of a mixed bag. It has negatively diverged on the weekly chart. Hope that helps.

Jul 17, 2013 3:42pm — Edited

Mafia, i feel your pain. I would say ej is in the start of uptrend
131.4 is a peak, could you not add a position and try close out with small win.
Such as lets say you are short 129.5 and its now130.5, then wait till your really weak in the knees at say 131.4 then sell all you got ofcourse managing margin so that it can move to say 131.8 at worst without closing your acct. If you sold 1 lot at 129.5 then sell 13.0 lots at 131.4 with a TP of 131.15
Draw a trend line from low of 5 July to the top of 15 July and voila, should have sold there, yes at the high of today just below 131.4 so price could move sideways and then back up to that pitchfork/ top trend line
best of luck

Jul 17, 2013 4:01pm

Quoting Mafia

Disliked

Thanks for your time jaygee.... im short on EJ and watching my loss increasing day by day... but im still hopeful and remain hopeful until it burn my acct

Ignored

Never get in to a trade so deep that that can happen to you. If your funds are limited, set a decent stop and stick to it. Don't know your situation but it sounds like you may be in too deep. 2 choices. if you have the funds, you can average into your short....little bit at a time. If not, set a target and stop level and stay with it. Losses happen. try and limit them to small and let your winners run. good luck

Jul 17, 2013 4:49pm

Quoting Mafia

Disliked

Thanks for your time jaygee.... im short on EJ and watching my loss increasing day by day... but im still hopeful and remain hopeful until it burn my acct

Ignored

Closed with a pinbar rejecting 1.31 . Don't close it it's gonna go down now

Jul 17, 2013 9:52am

where is volatility ??

Jul 17, 2013 9:59am

anyway, 50 pips is enough for today

Ty Bernanke.

Jul 17, 2013 9:11am

what about aud/usd ?

Jul 17, 2013 9:36am

my aud/usd already buy

Jul 17, 2013 9:40am

(

Jul 17, 2013 10:07am

no movement.

Jul 17, 2013 9:04am

Quoting asingh601

Disliked

Nothing happened on EU market as expected. :-|

Ignored

what u mean ?

Jul 17, 2013 9:07am

i cant see video of bernake

Jul 17, 2013 9:07am

what going on tell me frnds ?

Jul 17, 2013 9:09am

eurusd going down

Jul 17, 2013 9:14am

Quoting donny 1986

Disliked

still wait and see @gurirsndhawa

Ignored

what about audusd ?

Jul 17, 2013 9:20am

Quoting Wazzz

Disliked

guys, wait for the Questions and Answers, there the market will be volatile !

Ignored

i am also asking this ..noone responsing frnd

Jul 17, 2013 9:38am

Quoting dareking

Disliked

my aud/usd already buy

Ignored

but its going down ...

Jul 17, 2013 9:46am

Quoting jaygee

Disliked

add to eur/usd long 3092 2x old daily 50 fib

Ignored

really? why?

Jul 17, 2013 9:25am

Usd up

Jul 17, 2013 9:07am

Quoting Trader88q

Disliked

i cant load page
what he is saying?

Ignored

same :/

Jul 17, 2013 9:20am

Quoting asingh601

Disliked

what about FF schedule if he not spoken yet then why they place it in that time?

Ignored

always good to wait about 30mins -1hr.

Jul 17, 2013 9:50am

for me personally i gotten a good bit of strengthen to the usd. followed that news with the PA im having a great day

Jul 17, 2013 9:20am

they're kissing his ass right now...idk why? but i just want this over with

Jul 17, 2013 9:27am

Quoting katalonec

Disliked

ben's mic off what does it mean?

Ignored

LOL SELL!!!

Jul 17, 2013 9:13am

Yes, not wise to jump into the market right now. Let him finish speaking and then let the Q&A session also finish...

Jul 17, 2013 9:13am

When will the Q&A be finished?

Jul 17, 2013 9:27am

lol silly technical issues... 2 more minutes guys!

Jul 17, 2013 9:35am

Quoting ali awan

Disliked

so what you say where market goes dear

Ignored

Watch it yourself. He's talking about it now...

Jul 17, 2013 9:05am

still wait and see @gurirsndhawa

Jul 17, 2013 9:05am

USD/CAD 1.05 is now in target.Just be wait.

Jul 17, 2013 9:07am

still wait how much time we are waiting ?

Jul 17, 2013 9:08am

100 pips each up for grabs on E-$ (short), and Au-Jpy (short) coming up very shortly

Jul 17, 2013 9:08am

any body tell what is expectation for market e/u and g/u goes up or down

Jul 17, 2013 9:09am

eu start jumping

Jul 17, 2013 9:09am

eurusd trading range after fed-chairman Bernanke Testifies

http://breaking--info.blogspot.in/2013/07/eurusd-trading-range-after-fed-chairman.html

Jul 17, 2013 9:11am

now dollar is going up eu and gbp going down so whats mean of this

Jul 17, 2013 9:12am

Nobody should expect Bernanke to favor the $. world economy at risk, unemployment is high, inflation low and not on target. So everybody start selling the dollar right now!

Jul 17, 2013 9:12am

now no clear significant is seeing i think next hour market move where it want

Jul 17, 2013 9:14am

afer how much time his speak is finished any idea about it

Jul 17, 2013 9:15am

usd is try to move up but not clear yet will be hope its goes up because gbp and euro also move up as these pairs can

Jul 17, 2013 9:18am

please tell about dollar is it goes up or down and branaki speech finish or still he is speaking

Jul 17, 2013 9:18am

guys, wait for the Questions and Answers, there the market will be volatile !

Jul 17, 2013 9:23am

guys just tell us there market move we dont concern about his speech what he saying we want get 100 or 150 pips from mkt now so please post some positive news about mkt

Jul 17, 2013 9:23am

just wait every body.

Jul 17, 2013 9:27am

ben's mic off what does it mean?

Jul 17, 2013 9:33am

@FXDD: With the audio issues resolved, Ben Bernanke's testimony finally begins. Which currency pair do you expect to move the most?

Jul 17, 2013 9:44am

add to eur/usd long 3092 2x old daily 50 fib, 200 sma just below

Jul 17, 2013 9:44am

Short EURUSD taking profits from dips

Jul 17, 2013 9:50am

Now its very much clear.....Dollar Index gone UP more than 50pips ............Look like one can BUY $.......

Jul 17, 2013 9:51am

Quoting Jumper1979

Disliked

really? why?

Ignored

i have about 5 reasons but only posted 2

Jul 17, 2013 10:06am

Taper will happen September to avoid the markets misinterpretational return to volatility

Jul 17, 2013 10:07am

looks like even Big Ben can't make the $$ go through resistance...still short

Jul 17, 2013 10:13am

Its a contnued recovery for USD now, I go short till 1.2990

Jul 17, 2013 10:15am

man if one of my kids said "ummmm.." and "uhhhh..." so much they would get a sharp rebuke...

Jul 17, 2013 10:15am

stop run over yet?

Jul 17, 2013 10:16am

Holding short on EURUSD till 1.299,
Reasons the RSI is well directed on the 4hrs chart

Jul 17, 2013 10:36am

yeah I don't see USD weakness near term

Jul 17, 2013 11:55am

what the hell is going on e/u and g/u going up why

Jul 17, 2013 12:02pm

Quoting ali awan

Disliked

what the hell is going on e/u and g/u going up why

Ignored

lol ali, what the hell is going on?

looks like stop run is over

Jul 17, 2013 12:16pm

Quoting jaygee

Disliked

lol ali, what the hell is going on?

looks like stop run is over

Ignored

so now where market move tonight and tommorow

Jul 17, 2013 12:40pm

sorry, i don't trade ej mafia

Trader#ECE2

Jul 17, 2013 3:57pm

Quoting Mafia

Disliked

Thanks for your time jaygee.... im short on EJ and watching my loss increasing day by day... but im still hopeful and remain hopeful until it burn my acct

Ignored

130.10 is a very strong Resistance level , if a daily candle closes above it then nothing will stop this pair till 133.80. actually its a good idea to go short now with a tight SL ,next time don't enter a trade with no SL or else you better play poker

Trader#E3A6

Jul 18, 2013 2:08am

Can someone tell me is this market normal?? Ben Bernake was dovish yesterday and recently news of usd is also bad. But usd is rising. And GBP has some great news yesterday but GU is dropping faster than EU... So is this market is just crazy or what or Do I have to illogical if I want to trade FX ??

Jul 18, 2013 6:25am

whats about today branki testified is mkt move tonight or not

Trader#74DB

Jul 17, 2013 9:09am

northin happened as expected

Trader#A866

Jul 17, 2013 9:09am

Looks like it's making LL though... maybe should wait for a bit longer?

Trader#F888

Jul 17, 2013 9:21am

Nobody should expect Bernanke to favor the $. world economy at risk, unemployment is high, inflation low and not on target. So everybody start selling the dollar right now!

Trader#C6F1

Jul 17, 2013 9:28am

audusd eurusd down
usdjpy usdcad usdchf usdx up

you can choose one

Trader#4C54

Jul 17, 2013 9:34am

i think sell on rally

Trader#C6F1

Jul 17, 2013 9:45am

add to eur/usd long 3092 2x old daily 50 fib. what do u mean jaygee?

Trader#0C25

Jul 17, 2013 9:54am

This guy must have done his training with Tony Blair, the amount of spin he puts
on.

Trader#ABBF

Jul 17, 2013 10:09am

is that volatility over?

Trader#3AA8

Jul 17, 2013 3:13pm

Just a swing without a direction. Wait & see.

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Jul 17, 2013 9:01am
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US Fed Chairman Bernanke Testifies