Bernanke Testifies

Bernanke Testifies

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Jul 18, 2013 11:54am

Quoting Spreadbetter

Disliked

Been short dollar yen since July 11th, gonna take a bath on this one I reckon. Still, traded as per the plan...

Ignored

....just got out of my bath. Well and truly wrinkled!

Exodus

Jul 18, 2013 2:05pm

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Quoting jaygee

Disliked

from very long term perspective, i like usd/jpy short. i like that monthly red hammer at the top

Ignored

Right. Just got back from my lard-session. Don't have a monthly chart with my current broker

so take your word for it.

Quoting Max Thrax

Disliked

...and i would expect a retest of the 98.27 bottom.

Ignored

Depends where you draw the lines. I see a wedge just broken upwards from ~100.30, but it is also possible to draw a down channel - in which case the next bottom would be around 98.0 - 97.50. Unless the Yen suddenly strengthens in which case 94.0 is on! One of my setups fits the break of the up-channel June 17 - July 8 and if that is really the case we expect a down move from approximately here. A break of 101.50 invalidates the setup.

Quoting Max Thrax

Disliked

.... that said i have no idea what the fundamentals are in japan

Ignored

....well. There is an election in Japan on Sunday, there is no US data tomorrow, and there are G20 meetings starting tomorrow. If Abe gets a convincing majority then my bet is for a gap-up on Sunday market open, followed by a Nikkei surge which will probably shove the Monday morning droop well down, and maybe another strong surge on UJ when Europe opens.

I'm open to any other views. :nerd:

Exodus

Jul 18, 2013 2:37pm

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Quoting ticblaster

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Nice job! When did you enter that trade, and why?

Ignored

July 10th at 15:15 when it looked as though 100.0 was holding as support. I stayed in because I believed my fundamentals, and also because my current broker does not allow hedging in the same currency. I have no UJ trades at the moment. The 'prolonged tease' occured during BB's testimony. PA dragged along the upper Bollinger band until he finished speaking and then just sat there - so I quit.

Exodus

Jul 18, 2013 3:43pm

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Quoting ticblaster

Disliked

Thank you, Again! . Any advices about USD/JPY Short will be welcome!

Ignored

I notice you are new, welcome to the forum.
If you are also new to forex trading then please trade only demo until you have some understanding. Good trading to you.

anilamil

Jul 18, 2013 9:56am

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Quoting donny 1986

Disliked

wow still netral on gold will se on h1 its like flag?? if going stay below 1280 it can be down. but brik above 1300 will fly hehe

how about you? opinion

Ignored

yesterday , gold break 1300..... right?

bluecross

Jul 18, 2013 10:11am

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Quoting Didgeridoo

Disliked

The market is in consolidation mode - wait for a clear trend 1st. Interestingly, it seems there is more trending going on in Asian sessions.

Ignored

aargh, no significant impact at all hahahaha
we are fooled by red impact color

irongoose

Jul 18, 2013 11:23am

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Unemployment claims are down and Philly Fed Manufacturing Index was way up plus Bernies testimony really didn't sound good or bad for the dollar so I'd have to say based on unemployment claims being down and Philly Fed up the dollar is a buy.

openyoureyes

Jul 18, 2013 9:34am

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wait, bernie isn't here yet =)

Forexgain

Jul 18, 2013 9:59am

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I clearly see a strong buying opportunity in EUR/USD at current levels.

shiva

Jul 18, 2013 10:01am

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Any indicator to read Bernies mind?

shiva

Jul 18, 2013 10:05am

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both of you can buy from me, I have eur to sell aswell as usd to sell, I am buying Iraqi Dinars

Exodus

Jul 18, 2013 11:25am

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...I fell asleep. Good job nothing happened..

Exodus

Jul 18, 2013 11:34am

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On the basis of the prolonged tease, I just closed my long UJ. In profit of course

Exodus

Jul 18, 2013 2:38pm

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Quoting jaygee

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not a bad forum once the sand blasters are not here

Ignored

mahasti

Jul 18, 2013 9:33am

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i said hey hey hey.... whats goin on...

jegas

Jul 18, 2013 9:38am

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After closing the 1 Hr candle ,the Fx Game will start ,wait & see ?

reggiecjh

Jul 18, 2013 10:19am

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Quoting Narnold1

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seriously the people that keep asking buy or sell, maybe take up another hobby....or learn how to read charts...

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ya. irritating much

reggiecjh

Jul 18, 2013 10:28am

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Quoting irongoose

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Corker you are just wasting time, shut up already!!!!!

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LOL. He was just being appreciative of Ben's efforts. Angstttttt

reggiecjh

Jul 18, 2013 10:33am

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http://blogs.marketwatch.com/capitolreport/2013/07/18/live-blog-and-video-of-bernankes-appearance-in-the-senate-as-taper-talk-to-be-focus/

atx_sonu

Jul 18, 2013 9:38am

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im gambling all USD bulls for me.....

Jul 18, 2013 11:17am

It's over now what?

Jul 18, 2013 10:00am

Quoting donny 1986

Disliked

must see direction fed first

Ignored

hahaha, so today will be the main key...

bluecross

Jul 18, 2013 9:38am

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wait until Q/A session

dinksy

Jul 18, 2013 9:41am

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oh.........trichet just walked into the hearing..lol

adnananjum

Jul 18, 2013 9:58am

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us data is lower than fed expectations , so get ready for usd sell

adnananjum

Jul 18, 2013 10:34am

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nothing change , usd is slightly down , untill good labour , market data

kasra79

Jul 18, 2013 10:50am

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I think it comes off gold in 1255

JollyBean

Jul 18, 2013 9:57am

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I must say Bernanke has melon for a head.

JollyBean

Jul 18, 2013 9:59am

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Yesterday and today's talk have almost no mention of tapering.

JollyBean

Jul 18, 2013 10:34am

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He's not saying very much, still the usual "We will remain highly accommodative..." etc...

irongoose

Jul 18, 2013 9:47am

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This guy reads like a second grader.

irongoose

Jul 18, 2013 10:08am

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Tim Johnson is retarded!!!

irongoose

Jul 18, 2013 10:19am

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Anyone trying to trade off this news is not a trader they are a gambler.

irongoose

Jul 18, 2013 10:27am

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Corker you are just wasting time, shut up already!!!!!

irongoose

Jul 18, 2013 10:33am

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The answer is more debt?

irongoose

Jul 18, 2013 10:34am

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Quoting arash66110

Disliked

where you see his speech?

Ignored

http://www.c-span.org/Live-Video/C-SPAN3/

irongoose

Jul 18, 2013 10:44am

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http://www.c-span.org/Live-Video/C-SPAN3/

Jul 18, 2013 9:38am

i am afraid

Jul 18, 2013 10:02am

i will buy USD

Jul 18, 2013 10:20am

Quoting irongoose

Disliked

Anyone trying to trade off this news is not a trader they are a gambler.

Ignored

Half-trader hahahhaa

lakhan

Jul 18, 2013 12:21pm

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Draghi is more interesting then this bloke.....

asingh601

Jul 18, 2013 9:41am

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there is Some Moments Away from Ben Bernanke Testifies please wait and keep watching Bloomberg TV.

asingh601

Jul 18, 2013 9:44am

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Quoting donny 1986

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link plzz

Ignored

http://www.bloomberg.com/tv/

asingh601

Jul 18, 2013 10:03am

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Quoting shiva

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Any indicator to read Bernies mind?

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Lol Indi for Ben mind haha haha

asingh601

Jul 18, 2013 10:06am

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Quoting Happy_Camper

Disliked

you're right... sell eur

Ignored

wait fo his speech complete then take any decision.

asingh601

Jul 18, 2013 10:31am

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what happening his speech is now over but no volatility in market?

Didgeridoo

Jul 18, 2013 9:50am

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The market is in consolidation mode - wait for a clear trend 1st. Interestingly, it seems there is more trending going on in Asian sessions.

Syahir83

Jul 18, 2013 11:26am

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ya ya bernie, u make candle seem freezing

id.zone

Jul 18, 2013 10:19am

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No chang................................
its on trend ..........................

leiamra

Jul 18, 2013 9:36am

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22 minutes from now >>>USD will go down

leiamra

Jul 18, 2013 9:40am

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[quote=gurirandhawa;6830524]why ?[/quote

Because it's the time for the Sharks to eat.....just wait and see...I hope my calculation was correct LOL

leiamra

Jul 18, 2013 10:08am

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EU/US will now start to move up ,,,,but first sharks need eat some easy money ...watch out for the stop lose hunt in any minute. good luck to all

distancefind

Jul 18, 2013 10:44am

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Quoting Spreadbetter

Disliked

Nice typo, it might as well be bloobberg for all the sense it pontificates at times, fantastic site and terminals but its public facing version is like Fox Business News, Bloomberg's refusal to criticise anything American reminds me of McCarthyism at times.

Ignored

http://www.c-span.org/Live-Video/C-SPAN3/

wlarimer

Jul 18, 2013 3:18pm

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Quoting irongoose

Disliked

This guy reads like a second grader.

Ignored

I think he was involved in an accident and had some nerve damage affecting his co-ordination.

safdarhashmi

Jul 18, 2013 3:25pm

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although green data from USA,both unemployment and phlliy fed,no reaction from gold.i cant understand whts happning

safdarhashmi

Jul 18, 2013 3:26pm

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any idea about crude oil?

skymania

Jul 18, 2013 9:48am

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Quoting irongoose

Disliked

This guy reads like a second grader.

Ignored

hehe agree

cppolybd

Jul 18, 2013 10:57am

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Nothinggggggggg............

sammy_tega

Jul 18, 2013 10:21am

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Quoting Narnold1

Disliked

seriously the people that keep asking buy or sell, maybe take up another hobby....or learn how to read charts...

Ignored

thank you. A trade who don't know when its buy or when it sell how funny

Spreadbetter

Jul 18, 2013 10:39am

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Nice typo, it might as well be bloobberg for all the sense it pontificates at times, fantastic site and terminals but its public facing version is like Fox Business News, Bloomberg's refusal to criticise anything American reminds me of McCarthyism at times.

Quoting arash66110

Disliked

the bloobberg does not show ben speech, is it over?

Ignored

Wazzz

Jul 18, 2013 11:04am

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guess that my trading is over for this week, i will be watching the Existing Home Sales on Monday and the Trade Balance on NZD and JPY on Wednesday. Dont worry guys the FOMC Statement is coming on 31 July.

ramy85

Jul 18, 2013 11:34am

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I see There is a surprise movement is being done soon, maybe tonight or tomorrow.
Don't forget we have bad news on GBP & EUR , Yesterday & Today and the market didn't pay impact on them for Bernanke Testifies.
So, Everyone is ready. The Show begins.

Spreadbetter

Jul 18, 2013 11:40am

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I reckon a lot of Moms & Pops got in when the DJIA was at 14000-14500... And have kept buying...

Quoting Scientist

Disliked

everyone wants to get in stocks for a second wave, that's what's happening

Ignored

Spreadbetter

Jul 18, 2013 11:44am

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Been short dollar yen since July 11th, gonna take a bath on this one I reckon. Still, traded as per the plan...

Quoting Exodus

Disliked

On the basis of the prolonged tease, I just closed my long UJ. In profit of course

Ignored

Spreadbetter

Jul 18, 2013 1:31pm

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Lol, I'm laughing with you not at you. Thanks for the interest but honestly I won't lose any sleep. I don't 'like' losing trades, but they're a necessary evil and part of the price of doing business in this business. My risk was (is) 0.2% account size, I'll keep the day job ;>)

Quoting Max Thrax

Disliked

Spreadbetter, hang in, uj gonna turn....set stop at 100.70. should be able to cut that loss down at least as the USD weakens.

Ignored

Max Thrax

Jul 18, 2013 1:39pm

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That's cool spread, just trying to help. i only mention because everything I see on charts would indicate that this move up has petered out. there's a nice 1-2-3 formation on the day chart and the dollar is losing steam everywhere, uj seems to be the last to get the message. that said i have no idea what the fundamentals are in japan

Spreadbetter

Jul 18, 2013 1:53pm

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I know bud and it's appreciated. As a pair it's on a knife edge atm, and I'm in zombie land; can't close as per the plan, can't swing long, we'll see. :>)

Quoting Max Thrax

Disliked

That's cool spread, just trying to help. i only mention because everything I see on charts would indicate that this move up has petered out. there's a nice 1-2-3 formation on the day chart and the dollar is losing steam everywhere, uj seems to be the last to get the message. that said i have no idea what the fundamentals are in japan

Ignored

ticblaster

Jul 18, 2013 2:30pm

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Quoting irongoose

Disliked

Unemployment claims are down and Philly Fed Manufacturing Index was way up plus Bernies testimony really didn't sound good or bad for the dollar so I'd have to say based on unemployment claims being down and Philly Fed up the dollar is a buy.

Ignored

It rised, as you reckoned. Good Job!

ticblaster

Jul 18, 2013 2:48pm

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Quoting Exodus

Disliked

July 10th at 15:15 when it looked as though 100.0 was holding as support. I stayed in because I believed my fundamentals, and also because my current broker does not allow hedging in the same currency. I have no UJ trades at the moment. The 'prolonged tease' occured during BB's testimony. PA dragged along the upper Bollinger band until he finished speaking and then just sat there - so I quit.

Ignored

Thank you, Again!

. Any advices about USD/JPY Short will be welcome!

ticblaster

Jul 18, 2013 4:15pm

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Quoting Exodus

Disliked

I notice you are new, welcome to the forum.
If you are also new to forex trading then please trade only demo until you have some understanding. Good trading to you.

Ignored

Jul 18, 2013 9:36am

@mahasti LOL buddy

Jul 18, 2013 9:38am

@ali .. stay cool.. let the big boys make their moves then read you chart

adriantr

Jul 18, 2013 9:49am

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Quoting irongoose

Disliked

This guy reads like a second grader.

Ignored

agree....

arash66110

Jul 18, 2013 9:44am

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http://www.bloomberg.com/tv/

arash66110

Jul 18, 2013 10:32am

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the bloobberg does not show ben speech, is it over?

arash66110

Jul 18, 2013 10:33am

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Quoting arash66110

Disliked

the bloobberg does not show ben speech, is it over?

Ignored

where you see his speech?

arash66110

Jul 18, 2013 10:34am

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Quoting piptastic

Disliked

hes still talking

Ignored

where you see his speech?

Jul 18, 2013 9:32am

same question here

Jul 18, 2013 9:34am

Quoting distancefind

Disliked

waiting for candle dance

Ignored

what u thing sell or buy ?

gurirandhawa

Jul 18, 2013 9:37am

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Quoting leiamra

Disliked

22 minutes from now >>>US will go down

Ignored

why ?

piptastic

Jul 18, 2013 10:28am

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All i hear is good news from BEN.... i dont see how eur/usd will go up. maybe it will now or today but it's gonna crash

piptastic

Jul 18, 2013 10:32am

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Quoting asingh601

Disliked

what happening his speech is now over but no volatility in market?

Ignored

hes still talking

piptastic

Jul 18, 2013 10:32am

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Quoting piptastic

Disliked

hes still talking

Ignored

I think market will react tomorrow...

piptastic

Jul 18, 2013 10:37am

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Quoting Spreadbetter

Disliked

Did he actually refer to the 6.5% Unemployment rate? He hasn't mentioned it for months. Hmmmm...

Ignored

i heard him say if unemployment stay around 7%

piptastic

Jul 18, 2013 10:42am

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good question coming up

piptastic

Jul 18, 2013 11:11am

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who said they were buying eur/usd? lol

Sepoleanjel

Jul 18, 2013 9:33am

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I aswell

))

distancefind

Jul 18, 2013 9:33am

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waiting for candle dance

Kaptain

Jul 18, 2013 9:36am

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I am going long, trend seems to be up.

distancefind

Jul 18, 2013 9:46am

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haha bennerak now start speech he take seat and now let c what he speak

distancefind

Jul 18, 2013 9:52am

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bennerk is sitting in very tense mood . . . and thinking just thinking

distancefind

Jul 18, 2013 11:06am

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meeting is still on way . . . .

distancefind

Jul 18, 2013 11:13am

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now eurusd touched their new low price

distancefind

Jul 18, 2013 11:19am

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Market is going flat after bennerk testifies

Jul 18, 2013 9:32am

whats going on

Jul 18, 2013 9:34am

Quoting distancefind

Disliked

waiting for candle dance

Ignored

hihihihi

ali awan

Jul 18, 2013 9:36am

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any body tell buy dollar or sell

xetrader

Jul 18, 2013 9:38am

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can't you people see at charts by yourself? why asking for results?

donny 1986

Jul 18, 2013 9:41am

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wow still netral on gold will se on h1 its like flag?? if going stay below 1280 it can be down. but brik above 1300 will fly hehe

how about you? opinion

donny 1986

Jul 18, 2013 9:43am

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Quoting asingh601

Disliked

there is Some Moments Away from Ben Bernanke Testifies please wait and keep watching Bloomberg TV.

Ignored

link plzz

vash021

Jul 18, 2013 9:46am

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bloomberg.tv
is a bit delayed watch on this link

http://www.c-span.org/Live-Video/C-SPAN3/

Fan1987di

Jul 18, 2013 9:47am

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lol stick to our trading plan , T/P and S/L are our friend , one give us the money the other one will save us from loss more money

ali awan

Jul 18, 2013 9:48am

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im also afraid because i think mkt move up dollar goes down like yesterday

ognen

Jul 18, 2013 9:48am

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full of suckers at the Committee. At this moment illiterate sucker...

ali awan

Jul 18, 2013 9:54am

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but here e/u and g/u move up not down

5210612262

Jul 18, 2013 9:54am

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Trend is up but i think now trend is not important but benaekae speak is more important

Fan1987di

Jul 18, 2013 9:57am

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its easier to see the movement on G/U there is a resistance nearby, not sure in E/U tho, still consolidating perhaps,,

donny 1986

Jul 18, 2013 9:58am

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Quoting anilamil

Disliked

yesterday , gold break 1300..... right?

Ignored

must see direction fed first

ognen

Jul 18, 2013 9:59am

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same as yesterday, hawkish.

ognen

Jul 18, 2013 10:00am

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USD/JPY in the range, not expected to rise more.

nibilly

Jul 18, 2013 10:01am

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These guys should utilize Powerpoint and bulletpoints.

Happy_Camper

Jul 18, 2013 10:04am

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you're right... sell eur

Happy_Camper

Jul 18, 2013 10:05am

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thanks for the heads up

Jul 18, 2013 10:07am

now to Q&A

Jul 18, 2013 10:09am

when bernake finish his speak? any estimate time?

OrlandoBill

Jul 18, 2013 10:10am

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"Unemployment to 6.5%...AND NOT BEFORE" to move the rates back up

azmannan16

Jul 18, 2013 10:14am

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so what the conclusion buying or selling???

Narnold1

Jul 18, 2013 10:18am

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seriously the people that keep asking buy or sell, maybe take up another hobby....or learn how to read charts...

qwerty47

Jul 18, 2013 10:21am

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Everybody here is a gambler. :-D

Jul 18, 2013 10:28am

any info????

Jul 18, 2013 10:34am

I Think USD I Goin' UPPPPPPP

Spreadbetter

Jul 18, 2013 10:35am

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Did he actually refer to the 6.5% Unemployment rate? He hasn't mentioned it for months. Hmmmm...

Quoting OrlandoBill

Disliked

"Unemployment to 6.5%...AND NOT BEFORE" to move the rates back up

Ignored

ramy85

Jul 18, 2013 10:36am

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There is little improvement in Economy as it is said slow growth, which means that Tapering is on the run.
Go USD...

_Raghu_

Jul 18, 2013 10:39am

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This trading ranges still not happened , this 4h chart created yesterday Bernake Testifies

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

pang5

Jul 18, 2013 10:41am

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usd strong or not????

OrlandoBill

Jul 18, 2013 10:47am

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Just rambling on...no big moves yet..unlike yesterday

Happy_Camper

Jul 18, 2013 10:48am

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Has Sen. Tim Johnson always sounded like a retard or just since his stroke of 2006 ? if so, wow 7 years of listening to that... Horrible

Wazzz

Jul 18, 2013 10:55am

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dont expect much, same as yesterday the market isnt moving...

Happy_Camper

Jul 18, 2013 11:02am

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EUR/USD is nicely down (of course)... told ya so.... again.

Scientist

Jul 18, 2013 11:07am

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everyone wants to get in stocks for a second wave, that's what's happening

OrlandoBill

Jul 18, 2013 11:12am

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Adjourned...no big moves!

Happy_Camper

Jul 18, 2013 11:13am

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it's over... prepare yourself... here goes

Re_And

Jul 18, 2013 11:13am

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conference is done. what's the effect? we'll see then

I sell for AU / EU

jaygee

Jul 18, 2013 11:26am

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eur usd long scalp op here. low hammers and buyers coming in. 5m. diverged

katalonec

Jul 18, 2013 11:31am

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so low volatility for bernanke...

jaygee

Jul 18, 2013 11:57am

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from very long term perspective, i like usd/jpy short. i like that monthly red hammer at the top

jaygee

Jul 18, 2013 12:08pm

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exit time for euro scalp

Max Thrax

Jul 18, 2013 1:14pm

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Spreadbetter, hang in, uj gonna turn....set stop at 100.70. should be able to cut that loss down at least as the USD weakens.

takytto

Jul 18, 2013 1:29pm

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my hat mini sp500 kissed 76.80 fibo of hehehee. but still there is more.
http://prntscr.com/1g66j0

jaygee

Jul 18, 2013 1:34pm

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maybe a decent euro short scalp here. signals

Max Thrax

Jul 18, 2013 1:40pm

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...and i would expect a retest of the 98.27 bottom.

Jul 18, 2013 1:42pm

ummmmm 93.8 bottom?

Jul 18, 2013 2:18pm

Quoting Exodus

Disliked

On the basis of the prolonged tease, I just closed my long UJ. In profit of course

Ignored

Nice job! When did you enter that trade, and why?

jaygee

Jul 18, 2013 2:27pm

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not a bad forum once the sand blasters are not here

ticblaster

Jul 18, 2013 2:40pm

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Quoting jaygee

Disliked

not a bad forum once the sand blasters are not here

Ignored

)
Hey! You did a good scalp while the "FED Chairman nothing happens event" occurs! Congrats!

OrlandoBill

Jul 18, 2013 4:27pm

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New to FX Factory...in Equities about 20 years. Been in FX Live bout a year now! Thanks for the head's up!

jaygee

Jul 18, 2013 4:34pm

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Welcome Bill. Was just in Orlando a few weeks back

raunak

Jul 19, 2013 3:24am

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nice forum... i think i need to learn charts now... i used to work based only on fundamentals till now..

Trader#7FDF

Jul 18, 2013 9:36am

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better wait before you loose cash......

Trader#5572

Jul 18, 2013 9:40am

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when is the q and a

Trader#E189

Jul 18, 2013 9:41am

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wait for first bullish candel and you can go short

Reach guys first ..

Trader#4CD7

Jul 18, 2013 9:44am

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sell qe3 wil be reduce :0

Trader#F314

Jul 18, 2013 10:16am

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any positive for silver buying?

Trader#4139

Jul 18, 2013 10:26am

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How much higher does crude need to go before we admit that inflation rate is over 2.5%? Currently at 107.50 per barrel. The stock market and bond market is the mother of all bubbles.