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  • #856,841
  • Nov 26, 2013 10:57am Nov 26, 2013 10:57am
wow, one admitting it after the proven fact, makes the one stating the fact a liar. what a country.
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those who can, do. those who cant, talk about those who can
  • #856,842
  • Nov 26, 2013 10:57am Nov 26, 2013 10:57am
Risk reward plays mainly... you risk that 10 points and can make 40 or 50 if it drops. Betting that the stops dont trade, essentially its you versus the dealers.
Twitter: @TrendersGame
  • #856,843
  • Nov 26, 2013 10:57am Nov 26, 2013 10:57am
Quoting Matts Micro
{quote} I knew yen was tough but tbh didn't think it had that much punch. Another thing taken away from this thread by whoever was asking about the point of it before. I don't claim to know it all by being here but rather just my own corner of the market that I am trying to expand into everyone else's
If you pay attention to chain of events starting from unexpected release of Yellen's testimony after NY close but before Tokyo open then see what happened to Asian Indices especially NXXX and U/J. Yellen's testimony was dollar negative but stabilized by JPY. The sweet spot for U/J is 97.50-99.50 and look at where it is now.

Last week, prior to FOMC rumor was spread out re ECB negative depo rate, followed by FOMC then next BOJ.

I don't believe all those things were random.
  • #856,844
  • Nov 26, 2013 10:58am Nov 26, 2013 10:58am
Quoting gatorinla
wow, one admitting it after the proven fact, makes the one stating the fact a liar. what a country. https://www.youtube.com/watch?v=4y5hEKfxm4M
the post was there all along, you just "failed" to mention it..now I'm starting to feel for you. go see a doctor dude. you got major issues. seriously.
  • #856,845
  • Nov 26, 2013 10:59am Nov 26, 2013 10:59am
Quoting Citiboy
{quote} This realization is what really takes a trader to the professional level though IMO... Seeing long six months trends is key to a fx traders development. Im only 4 years in now but it takes seeing some things like 2011 EURUSD run to 1.49.... usdjpy run from 82 to 103.... AUD breakout from 1.02 to .88 More importantly you know whats drives said moves. Once you know that massive trends are possible, you can begin to trade to set yourself up to be involved in the next one.

Yeah, and this is only the beginning for UJ for the coming years. We're probably going to 150.
  • #856,846
  • Nov 26, 2013 11:00am Nov 26, 2013 11:00am
Quoting Citiboy
Risk reward plays mainly... you risk that 10 points and can make 40 or 50 if it drops. Betting that the stops dont trade, essentially its you versus the dealers.

but if the story stop hunt is true, would it be better manually closing it ?
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #856,847
  • Nov 26, 2013 11:00am Nov 26, 2013 11:00am
Quoting attila
{quote} the post was there all along, you just "failed" to mention it..now I'm starting to feel for you. go see a doctor dude. you got major issues. seriously.
the post before advocated shots, for 700 pips.. lets not omit the 100 before with a single post near the high.
knowing u care is enough
those who can, do. those who cant, talk about those who can
  • #856,848
  • Nov 26, 2013 11:03am Nov 26, 2013 11:03am
I was bored so I just hacked all your webcams, I don't like what I see.....
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  • #856,849
  • Nov 26, 2013 11:03am Nov 26, 2013 11:03am
Quoting gatorinla
{quote} knowing u care is enough
of course I do.
  • #856,850
  • Nov 26, 2013 11:04am Nov 26, 2013 11:04am
Quoting MaxDoom
I was bored so I just hacked all your webcams, I don't like what I see..... {image}


hey dr. Doom. long time no see. how's tricks?
  • #856,851
  • Nov 26, 2013 11:05am Nov 26, 2013 11:05am
Quoting attila
{quote} hey dr. Doom. long time no see. how's tricks?
all good chap. could do with a bit more range but what the hell eh!

I see that you are in fine spirits
  • #856,852
  • Nov 26, 2013 11:06am Nov 26, 2013 11:06am
Quoting opale
close in corner? {image}

i think the big up one and one downward segment is out of the line
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #856,853
  • Nov 26, 2013 11:06am Nov 26, 2013 11:06am
Quoting MaxDoom
{quote} all good chap. could do with a bit more range but what the hell eh! I see that you are in fine spirits
just chatting with old friends.. and making new ones.
  • #856,854
  • Nov 26, 2013 11:08am Nov 26, 2013 11:08am
Quoting ud1nh0
{quote} but if the story stop hunt is true, would it be better manually closing it ?


You could but the level trading signifies that theres enough buyers to push the market higher.

The way I recall this occurring on the desk was...

1.price trades near a level with large stops. (1.3583)
2. Short term speculators begin to sell the current level (1.3570)
3. Dealers make a coordinated push to make 1.3583 trade
4. If the dealers buying is overpowered by short term speculator selling price falls or vice versa

Moves in either direction are exaggerated due to dealer positioning and orders in their order book. If price trades above 1.3583 liquidty evaporates for a few seconds and price may instantly trade to 1.3590. Or If price quickly trades down, say below 1.3555, dealers are caught off sides with all the euros they bought from short term specs selling at 1.3570.

The levels dont really matter as much as the actualy signals that the said level trading signifies. 1.3583 trading means dealers win. If that level is rejected, dealers lose. These short term market mechanics give insights into where prices go in the very short term. The bigger the level, (i.e the more times its acted as support/resist) the bigger these dynamics are.
Twitter: @TrendersGame
  • #856,855
  • Nov 26, 2013 11:10am Nov 26, 2013 11:10am
Quoting Ken A
{quote} If you pay attention to chain of events starting from unexpected release of Yellen's testimony after NY close but before Tokyo open then see what happened to Asian Indices especially NXXX and U/J. Yellen's testimony was dollar negative but stabilized by JPY. The sweet spot for U/J is 97.50-99.50 and look at where it is now. Last week, prior to FOMC rumor was spread out re ECB negative depo rate, followed by FOMC then next BOJ. I don't believe all those things were random.
I think the Japanese will keep buying the dollar and euro. Yen will float the dollar more than the euro.
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ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #856,856
  • Nov 26, 2013 11:11am Nov 26, 2013 11:11am
is this thing going to go to 3715? and why?or why not?
Wherever you go, there you are.
  • #856,857
  • Nov 26, 2013 11:15am Nov 26, 2013 11:15am
And so as I've always said, nobody has a full handle on the Market. We may master some of it, but never all of it. We are right many times and wrong maybe just as many. Point is, if you ever pretend you know it all, you're either toast or called out for BS. That's the way it goes.
  • #856,858
  • Nov 26, 2013 11:15am Nov 26, 2013 11:15am
Quoting Ken A
{quote} If you pay attention to chain of events starting from unexpected release of Yellen's testimony after NY close but before Tokyo open then see what happened to Asian Indices especially NXXX and U/J. Yellen's testimony was dollar negative but stabilized by JPY. The sweet spot for U/J is 97.50-99.50 and look at where it is now. Last week, prior to FOMC rumor was spread out re ECB negative depo rate, followed by FOMC then next BOJ. I don't believe all those things were random.
Up till now I have relied on my TA to push me over the line most months (mostly sit out news releases). I feel I have a long way to go to fully understand the fundamentals and their impacts but still learning everyday.
As the lights go by so too do the shadows move
  • #856,859
  • Nov 26, 2013 11:16am Nov 26, 2013 11:16am
Quoting ffleo
{quote} I think the Japanese will keep buying the dollar and euro. Yen will float the dollar more than the euro. {image} {image}
Don't know who is doing what if you knew how much foreign reserve/resources were parked in Japan.
  • #856,860
  • Nov 26, 2013 11:18am Nov 26, 2013 11:18am
Eventually this pair will get to 1.4100 and eventually it will get to 1.2800. In the meanwhile, why bother to know that if price is higher than 1.3400 and lower than 1.3600.
Best time to plant a tree was 20 years ago, second best is now
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