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  • #851,681
  • Nov 8, 2013 6:26am Nov 8, 2013 6:26am
Quoting gatorinla
{quote} ask roc hatch and kw why..
Only them know about it ?

New Soros team ?
COT: The precious data ignored
  • #851,682
  • Nov 8, 2013 6:26am Nov 8, 2013 6:26am
Quoting BeginnerJoe
{quote} Excellent, then I will be able to sell the longs for profit. If I can sell for profit then clearly I know what I am doing. As for hitting the lows, I continue to load up the shorts. I am good to go whichever direction it takes. I have no need to think about it.
hello beginner joke. why kept telling jokes these days?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #851,683
  • Nov 8, 2013 6:27am Nov 8, 2013 6:27am
don't think it will hold much longer...
dreams do come true.
  • #851,684
  • Nov 8, 2013 6:29am Nov 8, 2013 6:29am
Quoting BeginnerJoe
{quote} Excellent, then I will be able to sell the longs for profit. If I can sell for profit then clearly I know what I am doing. As for hitting the lows, I continue to load up the shorts. I am good to go whichever direction it takes. I have no need to think about it.
You could have sold or buy at 1,3000 for the past few years...got a 500/1000 pips drawdown and still make profit out of it.

Having such DD shows traders clearly don't know how to trade.

That's the way i see it, i'm often wrong though
COT: The precious data ignored
  • #851,685
  • Nov 8, 2013 6:29am Nov 8, 2013 6:29am
EUR/AUD and EUR/MXN have pared back 100% of yesterday's losses. EUR/JPY is higher. EUR/GBP is higher. What this tells me is that EUR shorts have overpositioned since yesterday. EUR could still grind lower on broad USD strength but on a relative basis for sure at this time it is no longer a good short.
  • #851,686
  • Nov 8, 2013 6:30am Nov 8, 2013 6:30am
Quoting BeginnerJoe
{quote} Excellent, then I will be able to sell the longs for profit. If I can sell for profit then clearly I know what I am doing. As for hitting the lows, I continue to load up the shorts. I am good to go whichever direction it takes. I have no need to think about it.

BeginnerJoe is not appropriate name for someone who knows what they doing in forex land

Should be ​ more like BullshitJoe,

Goodnight, time for back to dreamland
If you are new to Forex? Say Goodbye to your account!!
  • #851,687
  • Nov 8, 2013 6:32am Nov 8, 2013 6:32am
Quoting KiwiTrada
{quote} BeginnerJoe is not appropriate name for someone who knows what they doing in forex land Should be ​ more like BullshitJoe, Goodnight, time for back to dreamland
his name is beginner joker. he is not even good at telling a joke
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #851,688
  • Nov 8, 2013 6:36am Nov 8, 2013 6:36am
Quoting ffleo
{quote} his name is beginner joker. he is not even good at telling a joke
could be a standup comedian in real life. who knows.
  • #851,689
  • Nov 8, 2013 6:40am Nov 8, 2013 6:40am
Quoting wannaberich
don't think it will hold much longer...
Fed "today's data needs an extra degree of caution". The probably counted the numbers twice.
  • #851,690
  • Nov 8, 2013 6:40am Nov 8, 2013 6:40am
Quoting ffleo
gold traders, watch the level 1297, {image}
gold broke support 1297.
Attached Image (click to enlarge)
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ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #851,691
  • Nov 8, 2013 6:41am Nov 8, 2013 6:41am
Quoting Larshw
On NFP numbers like this we should see a bigger move than 50 pips... Anyone with a useful explanation?



EURUSD down:
Gov Shutdown not hurting economy as expected.
Shift on taper expectations.
USD gaining on carry unwind

EURUSD up:
PCE Inflation still low 0.9%. (FED wants 2%)
Participation rate felt. (to new lows)
U13 rose 13.8% from 13.6% (unemployment counting people who given up looking for job or skills eroded with time, or they don’t want part-time)
Unemployment level rose to 7.3%
Ben Bernanke talking later on interest rates. (this is big one to moderate on the bets)

So 50 pips are more into context.
  • #851,692
  • Nov 8, 2013 6:42am Nov 8, 2013 6:42am
Quoting ffleo
{quote} gold broke support 1297. {image}
this was largely expected
  • #851,693
  • Nov 8, 2013 6:43am Nov 8, 2013 6:43am
Quoting Lottaa
{quote} EURUSD down: Gov Shutdown not hurting economy as expected. Shift on taper expectations. USD gaining on carry unwind EURUSD up: PCE Inflation still low 0.9%. (FED wants 2%) Participation rate felt. (to new lows) U13 rose 13.8% from 13.6% (unemployment counting people who given up looking for job or skills eroded with time, or they don’t want part-time) Unemployment level rose to 7.3% Ben Bernanke talking later on interest rates. (this is big one to moderate on the bets) So 50 pips are more into context.
You said: "So 50 pips are more into context"

Do you mean up or down for eurusd?!
You can manage risk, but you can't manage the return
  • #851,694
  • Nov 8, 2013 6:43am Nov 8, 2013 6:43am
you think we reached a valley in eur/usd?? lol I see bears still in play... when bulls come back then I will exit shorts and go long.. bears are still in play so I will wait for confirmation
  • #851,695
  • Nov 8, 2013 6:44am Nov 8, 2013 6:44am
Quoting kuroro001
{quote} You could have sold or buy at 1,3000 for the past few years...got a 500/1000 pips drawdown and still make profit out of it. Having such DD shows traders clearly don't know how to trade. That's the way i see it, i'm often wrong though
If you are often wrong, then I'd have to say you are right.

Why DD ? Maybe we can have an MD, or YD ? Imaging your local supermarket throwing out everything because they couldn't sell their goods in a day. That's be a total mess, wouldn't it ? Business and trading is all about having the capacity to hold inventory and sell for profit. It's not about throwing stuff out. Occasional discounting is possible. But it's a rare event.
  • #851,696
  • Nov 8, 2013 6:44am Nov 8, 2013 6:44am
Quoting HappyMe
{quote} You said: "So 50 pips are more into context" Do you mean up or down for eurusd?!
I think it only went down 50 pips because ben is speaking today on Interest rates. Simple.
  • #851,697
  • Nov 8, 2013 6:45am Nov 8, 2013 6:45am
Quoting Lottaa
{quote} EURUSD down: Gov Shutdown not hurting economy as expected. Shift on taper expectations. USD gaining on carry unwind EURUSD up: PCE Inflation still low 0.9%. (FED wants 2%) Participation rate felt. (to new lows) U13 rose 13.8% from 13.6% (unemployment counting people who given up looking for job or skills eroded with time, or they don’t want part-time) Unemployment level rose to 7.3% Ben Bernanke talking later on interest rates. (this is big one to moderate on the bets) So 50 pips are more into context.

It has nothing to do with moderating bets and everything to do with overpositioning of EUR relative to other currencies. AUD got crushed. MXN got crushed. JPY got crushed. EUR/USD is getting dragged down because of broad dollar strength but the EUR itself is actually outperforming.
  • #851,698
  • Nov 8, 2013 6:48am Nov 8, 2013 6:48am
big drop incoming!!
  • #851,699
  • Nov 8, 2013 6:49am Nov 8, 2013 6:49am
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Founder of Sutherland Wave Principle
  • #851,700
  • Nov 8, 2013 6:50am Nov 8, 2013 6:50am
Quoting Lottaa
{quote} I think it only went down 50 pips because ben is speaking today on Interest rates. Simple.

okay thanks for reply
You can manage risk, but you can't manage the return
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