EURUSD

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Thanks, TP1 20pips hit, TP2 in the red tho

forex is now more like a gamble as we speak

the market is invented and designed to suck participants in, and for searching for profits by evils. As long as the market is there, there are always evils there doing all kinds of things to hunt profit.

Does that mean, before now, forex was more like a professional day job ?

1.3549 is definitely resistance, but this thing just keeps going higher and higher and higher and higher. I'd assume it's still not finished yet , but we never ever know.

Big banks do loose money on Forex, it happens.. in the billions aswell


Long term, The currency often reflects the Eco situation of a country/Region.. and is often realistic
^To few retrail traders, trade this.

Short term, big chunk of retail traders trade this.. and its a big chaos.. it´s not really banks designing it..
It´s more "the fear and panic" of the people that creates "big hole of losses, and SL hits"

Always been a gamble, now BS is more BS, that's all.

The new TITO star!

and market orders can be filled at any price that you hate while you sleep. Your broker tells you there was not enough liquidity so your stop was filled 50 pips away.

you think like a loser. why don't you buy it, when you know it goes higher and higher?

-O
- star!

Sorry if i didn´t impress you 10 voucher,
Was just my thoughts, i hope one day.. we could invent thought buying..

I would definatly buy your thoughts on everything.
LoL

A new supertalent has been born!

I think like a loser because i am a loser. In fact I was very sure yesterday when I saw 1.3448 hold that it was going to blast higher, and of course it did. Not because I'm some psychic genius, but because price action was clearly bullish. But yeah, I suck, stab me, piss on me, kill me, etc.

Price action these past two days interesting as hell given the current positioning and fundamental backdrop.... considering

Europe Currencies Strong: According to recent rhetoric is could be perceived that the ECB and BOE are not going to fight FX appreciation aggressively, or simply do see the current moment as the time to do so... Draghi got a day of EUR weakness and decided to take it all back.

Antipodeans Weak: RBA and RBNZ are both consistency fighting FX appreciation via speeches, even thought actual fundamentals in their economy likely point to a neutral stance on monetary policy.

Yen Weak: Japanese investors and speculators selling JPY to move into higher yielding assets as market sentiments shifts to assume that BOJ easing will be increased in the next 3-4 months. Kuroda comments have been supportive of more easing, but not at the current moment. Positioning is already massively short JPY and correlation to SPX is increasing... JPY is vulnerable if equities get hit.

EM Strong: MXN and ZAR, typical 'taper targets' are both rallying vs USD in the past two days. Maybe signifying that the taper trade is not what is driving markets post FOMC minutes this week.


Overall, it seems like carry trades are being established in currencies where the central banks don't mind appreciation of the FX rate (ZAR,MXN). Japanese and to a lesser extent US investors are putting on carry trades, Scooping up emerging market bonds and European equities. Fundamentally this is the opposite of what should be occurring if a broad 'taper trade' is being pursued. The 2nd largest developing trend of European deflation is also not playing out as EUR is broadly higher since the London session on thursday.

Next week the markets will likely refocus on the European inflation situation with the Flash CPI print due over night Friday morning, there is also NFP Dec 6th. If this weeks price action has been driven in large part by Japanese reallocation of pension and mutual money, it is therefore not a long term driver or theme (it isnt based on a shift in monetary policy). Fed Tapering and European Deflation have the chance to take center stage within the next two weeks, mainly because current market positioning remains mildly long EUR and VERY short JPY, AUD, NZD. If inflation conditions force the ECB to make a power play there will likely be a flood of flows out of the EUR and into depressed high yielding currencies (AUD and NZD)...Basically a reapeat of price action when the LTROs happened... you could also throw USD into the mix if the Fed does indeed taper.


At the moment the market is extremely off sides if there is a sudden shift in the tapering timeline, that DEC 6th NFP could be the start of something big.
-CB

going to 1900 without a pullback? I do not think so. Even if they are crazy, they will do a pullback first.

But they might do a pull back so quick that if he blinks he will miss it. Also if he puts in a target stop, the pull back might reach within half a pip before turning around.

So pull back or no pull back, he could be going to 1900 anyway, where the banks are waiting with a sympathetic smile.