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  • #241
  • Nov 20, 2013 7:07am Nov 20, 2013 7:07am
Quoting bulent
{quote} Dear Bob, Could you please say some for eur/usd ? Regards. Bülent.
Overslept a bit today, sorry guys! Feels good to sleep more than 4 hrs haha.

For eur/usd we have some u.s data this morning and the fomc this afternoon. I believe we will have a clear direction after todays events. But based on price action the spikes have been sold. I will try to get some order flows for you guys. I would like to do that on a daily basis. I need to pay an absurd amount to get flows and levels. But I'm working on a deal with a company at the moment

I had the pleasure to walk around a trading floor for a hedge fund a few weeks back. It's amazing all the outdated software they had. I didn't see 1 chart on any of the monitors. It was price tapes and news feeds and phone calls. 1 day I will be there
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  • #242
  • Nov 20, 2013 9:05am Nov 20, 2013 9:05am
Hi Ian,

Tried sending you a PM but it seems to be restricted?
  • #243
  • Nov 20, 2013 9:09am Nov 20, 2013 9:09am
Quoting wolve
Hi Ian, Tried sending you a PM but it seems to be restricted?
Yea for some reason with commercial membership its restricted. Sorry about that!

You can reach me at [email protected]
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  • #244
  • Nov 20, 2013 9:23am Nov 20, 2013 9:23am
Ecb talking about negative rates, crushed the euro now all we need is a neutral tone from the fomc!
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  • #245
  • Nov 20, 2013 9:30am Nov 20, 2013 9:30am
Quoting BobGnarly
Ecb talking about negative rates, crushed the euro now all we need is a neutral tone from the fomc!
Thank you bob.
Bülent.
  • #246
  • Nov 20, 2013 9:47am Nov 20, 2013 9:47am
As I have been saying the last few weeks. The euro is highly overvalued when you look at the fundamentals. When you see a currency moving up for no fundamental reason it is due to banks trying to short at the highest they possibly can. The slow steady rise was nothing more than filling those stop orders. Why short at 1.33 when you could at 1.36?

As this thread goes on I hope to teach you a lot about order flows, stops, limits and everything about why price is drifting a certain way. Smart money sells slowly all the way up and thennnn POP no more stops to be filled.
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  • #247
  • Nov 20, 2013 10:34am Nov 20, 2013 10:34am
Quoting BobGnarly
As I have been saying the last few weeks. The euro is highly overvalued when you look at the fundamentals. When you see a currency moving up for no fundamental reason it is due to banks trying to short at the highest they possibly can. The slow steady rise was nothing more than filling those stop orders. Why short at 1.33 when you could at 1.36? As this thread goes on I hope to teach you a lot about order flows, stops, limits and everything about why price is drifting a certain way. Smart money sells slowly all the way up and thennnn POP no more...

I think the POP is just happening.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #248
  • Nov 20, 2013 12:00pm Nov 20, 2013 12:00pm
Quoting bikov
{quote} I think the POP is just happening.
I'm thinking it's deflating rapidly. The fomc should be the pop
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  • #249
  • Nov 20, 2013 12:25pm Nov 20, 2013 12:25pm
Market talk of a Momentum fund selling Eur... Take it for what it's worth
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  • #250
  • Nov 20, 2013 12:33pm Nov 20, 2013 12:33pm
The latest rumor is that a twitter account, @govtrader tweeted that the minutes contain a "BOMBSHELL"

Yeehaw
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  • #251
  • Nov 20, 2013 12:35pm Nov 20, 2013 12:35pm
Quoting BobGnarly
The latest rumor is that a twitter account, @govtrader tweeted that the minutes contain a "BOMBSHELL" Yeehaw
Well Bullard did say they might consider taper in December but then he also said he'd like to research the affect of negative interest rates.
"A true speculator tries the market small." - Jesse Livermore
  • #252
  • Nov 20, 2013 12:44pm Nov 20, 2013 12:44pm
Quoting Jgcole83
{quote} Well Bullard did say they might consider taper in December but then he also said he'd like to research the affect of negative interest rates.

Yes he did. I'm thinking Dec taper. No reason for negative rate talk in the minutes.
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  • #253
  • Nov 20, 2013 12:46pm Nov 20, 2013 12:46pm
Quoting BobGnarly
{quote} Yes he did. I'm thinking Dec taper. No reason for negative rate talk in the minutes.

Bob,

Do you see Euro being a better sell in another pair ?

I personally am very bearish Euro, but Im not exactly bullish dollar. I feel like this currency war is going to continue to play itself out. I'f prefer selling Euro against stronger currency where there will be less back and forth. Does that make sense ?
  • #254
  • Nov 20, 2013 12:57pm Nov 20, 2013 12:57pm
I think it's pretty funny that everyone acts like taper will never happen. It has to happen at some point.
"A true speculator tries the market small." - Jesse Livermore
  • #255
  • Nov 20, 2013 1:29pm Nov 20, 2013 1:29pm
No "Bombshell" haha. Overall tone seems neutral. Anything better than dovish is good for me. Lowering the unemployment threshold was brought up by a few members.
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  • #256
  • Nov 20, 2013 2:15pm Nov 20, 2013 2:15pm
I thought it was somewhat hawkish. I was pretty happy with the minutes overall, but uj has had a pretty muted reaction about it.
"A true speculator tries the market small." - Jesse Livermore
  • #257
  • Nov 20, 2013 2:16pm Nov 20, 2013 2:16pm
Quoting Jgcole83
I thought it was somewhat hawkish. I was pretty happy with the minutes overall, but uj has had a pretty muted reaction about it.

Just scooped up some uj under 100. Hitting stops from the scalpers trying to ride out profits on UJ from the little jump we had.
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  • #258
  • Nov 20, 2013 2:19pm Nov 20, 2013 2:19pm
Quoting BobGnarly
{quote} Just scooped up some uj under 100. Hitting stops from the scalpers trying to ride out profits on UJ from the little jump we had.
Yeah, I bought some back at 98, 99.30, and 99.80 ish. I'm waiting for a pop and a pull back to add again.
"A true speculator tries the market small." - Jesse Livermore
  • #259
  • Nov 20, 2013 2:38pm Nov 20, 2013 2:38pm
Gidday YEN Masters

I was hoping for a EUR/YEN to come back to lower levels

Need to clear some shorts out

Kept adding a short every time it climbed

not the smartest way to tame the Beast
  • #260
  • Nov 20, 2013 3:04pm Nov 20, 2013 3:04pm
guys, what do you think about shorting aussie? here are 3 weekly charts - indicators pointing down, heiken ashi red, trading under 0.94 resistance and with huge space for down maybe?
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"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
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