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  • #865,721
  • Dec 24, 2013 12:06pm Dec 24, 2013 12:06pm
Quoting forexvegan
{quote} So on the 5M you are bearish, but overall trend is bullish.
It's Christmas eve..If you want a bullish instrument trade the DAX. Its great.

The poster prior as the right idea T marat. Watch the DAX,FTSE & DOW. Gives you a much better idea what is going on.
I trade everything so more in tune with the market as a whole rather than just forex.
rat
  • #865,722
  • Dec 24, 2013 12:27pm Dec 24, 2013 12:27pm
Quoting t_marat
{quote} 1. Upcoming debt ceiling increase will probably involve some fight. When you manage hundreds of billions of dollars you can't ignore it as just a "show". Banks did prepare seriously for the last show down. 2. European markets are cheaper than US. US growing faster means growth acceleration for the EU, which makes EU stocks even more attractive. So essentially better news from US will translate into EU being more attractive. Question is when this capital inflow will stop, but I doubt anyone knows the answer. Notice that bad news for EUR are...
Thanks for our reply. I am tempted to go with what you say. However, I do not expect announcement of end of easing to be such a no show. The flat bottom of the wedge on the weekly charts has been maintained by QE announcements. The downward sloping top on the other hand was largely maintained by bad news from EU. So in essence we are looking at a breakout to the top, which is unexpected given the downward sloping nature of the wedge. However, we can have what is called a false breakout - it breaks out in the wrong direction only to reverse mid-course. In that case you expect the weekly chart to hit somewhere around 1.4 before plunging real hard. However, to do that kind of a roller coaster there needs to be some news that can propel it upwards.

Has the EU bad news stopped? Maybe, for the moment. But what about the QE news? Can that be totally discounted? Given the overall news I just don't see enough momentum for the pair to breakout above 1.38. That it is holding up so well is quite puzzling imo.
The price will go where it has to go.
  • #865,723
  • Dec 24, 2013 1:45pm Dec 24, 2013 1:45pm
Quoting ffleo
{quote} Piters got it to work on MT4. You might send a PM to him.

Thanks, I shall do so.
  • #865,724
  • Dec 24, 2013 2:34pm Dec 24, 2013 2:34pm
is the graf of eu gonna keep moving from des.26 to 31?
  • #865,725
  • Dec 24, 2013 4:49pm Dec 24, 2013 4:49pm
Shit, Oanda has closed their doors.
They don't seem to care about countries with no christmas like far east.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #865,726
  • Dec 24, 2013 5:10pm Dec 24, 2013 5:10pm
market closed now, and 1 january closed again


This indicates I should go to church, merry christmas all, time to holiday
  • #865,727
  • Dec 24, 2013 6:06pm Dec 24, 2013 6:06pm
Talking about central banks' balance sheets exploding & bubbles .... find USA & EU ?!!!!

Attached Image


Great article
"It's the Margin, Stupid."
  • #865,728
  • Dec 24, 2013 6:42pm Dec 24, 2013 6:42pm
Quoting ffleo
{quote} nice to see you got similar numbers as commercial software. {image}



Wish all a Merry Christmas and a Happy New Year!

Pip green and stay healthy.......
  • #865,729
  • Dec 24, 2013 11:44pm Dec 24, 2013 11:44pm
Merry Christmas to all who celebrate...
  • #865,730
  • Dec 25, 2013 1:30am Dec 25, 2013 1:30am
Must say im surprised the announcement of the fed taper has not had more of an effect on the EU/USD. By now i was expecting that the market would have digested the information and reversed to somewhere near the December low of 1.35226. Im short from 1.36346 on this pair but starting to wonder when my downside move is coming, maybe a nice after Christmas present please Santa! Lol
  • #865,731
  • Dec 25, 2013 2:41am Dec 25, 2013 2:41am
MERRY CHRISTMAS TO YOU ALL ON FOREX FACTORY...GOD BLESS YOU INDEED
  • #865,732
  • Dec 25, 2013 11:04am Dec 25, 2013 11:04am
Quoting Vachus
find USA & EU ?!!!!
FEDs balance sheet alone has recently topped 4 Tril USD. Kind of strange chart. Makes one think who the heck is making these charts.
http://blogs.wsj.com/economics/2013/...b/interactive/
"I know one thing, that I know nothing." Sokrates
  • #865,733
  • Dec 25, 2013 11:32am Dec 25, 2013 11:32am
Quoting ftd
Must say im surprised the announcement of the fed taper has not had more of an effect on the EU/USD. By now i was expecting that the market would have digested the information and reversed to somewhere near the December low of 1.35226. Im short from 1.36346 on this pair but starting to wonder when my downside move is coming, maybe a nice after Christmas present please Santa! Lol

Main problem is that there are so many shorts. It makes me think some of these guys on here looking for 1.4-1.5 could be right. Only for that reason though. But what could happen is Euro could start the down move and more people will become bullish as it falls.

I don't know the actual figures on the EU bull/bear ratio, but clearly people are still very bearish.

It is best to wait these scenarios out for more confirmation from PA.
  • #865,734
  • Dec 25, 2013 12:34pm Dec 25, 2013 12:34pm
http://ens-newswire.com/2013/12/24/n...in-the-amazon/


Happy Holidays, everyone.
  • #865,735
  • Dec 25, 2013 1:09pm Dec 25, 2013 1:09pm
Quoting Ck87
{quote} Main problem is that there are so many shorts. It makes me think some of these guys on here looking for 1.4-1.5 could be right. Only for that reason though. But what could happen is Euro could start the down move and more people will become bullish as it falls. I don't know the actual figures on the EU bull/bear ratio, but clearly people are still very bearish. It is best to wait these scenarios out for more confirmation from PA.

Simply fading the majority of retail traders does not work.It is too simplistic and easy.Easy to me equals equity bleeding.
For example 75% retail traders were long on Aussie last visit to 89 and price bounced to 97 before plunging down again.Ging short there would of been a huge mistake despite that majority retail were long.Retail traders account 6% of the market hence insignificant in terms of providing reasons for big players using retail positions as contrarian indicator.
If you can provide valid study proving this theory correct then I will change my mind until then I will trade any direction that seems correct to me irregardless what majority of retail traders do..
I think major factor of price movement is dictated by news and fundamentals and very little if any retail related.
Regards
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In trading, you have to be defensive and aggressive at the same time
  • #865,736
  • Dec 25, 2013 1:44pm Dec 25, 2013 1:44pm
Quoting forexvegan
Are you guys bullish or bearish? I have a feeling this will go up.
It doen't matter who is bearish and who is bullish. It is very subjective. Countless factors affect movement of currency prices and these factors are ever changing. Plus each one of these factors differently affects magnitude of price movement.
The Thief of Wall Street
  • #865,737
  • Dec 25, 2013 1:51pm Dec 25, 2013 1:51pm
Quoting ffleo
{quote} nice to see you got similar numbers as commercial software. {image}
After many years of reseacrh and development, I finally have developed a commercial forex software that guarantees 99.99% failure. Cheap and very reliable. Postage is absolutely free if you want me to ship it directly to your asshole bosses.
The Thief of Wall Street
  • #865,738
  • Dec 25, 2013 2:04pm Dec 25, 2013 2:04pm
Quoting Chicky
After many years of reseacrh and development, I finally have developed a commercial forex software that guarantees 99.99% failure. Cheap and very reliable. Postage is absolutely free if you want me to ship it directly to your asshole bosses.
thank you, you've made my day
How to Win at Sports Betting: DON'T DO IT!
  • #865,739
  • Dec 25, 2013 2:09pm Dec 25, 2013 2:09pm
Quoting Vtmn
{quote} thank you, you've made my day
Please send me your address, my first customer wants it shipped directly to you.
The Thief of Wall Street
  • #865,740
  • Dec 25, 2013 2:13pm Dec 25, 2013 2:13pm
Quoting infinitus
{quote} Wish all a Merry Christmas and a Happy New Year! Pip green and stay healthy.......
Merry Christmas to you also.
Wherever you go, there you are.
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