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  • #867,281
  • Jan 2, 2014 7:23am Jan 2, 2014 7:23am
anyhow, what is the general concensus of the news coming in less than 10 minutes?
  • #867,282
  • Jan 2, 2014 7:24am Jan 2, 2014 7:24am
Quoting Ck87
It's funny how a lot of you would never believe that the market is rigged. Which is absolutely pathetic IMO. It clearly is rigged, and that new years rally to 1.39 was just that, total rigging. The euro is going to get destroyed this year. I just hope it doesn't go down too fast and gives me a chance to put on as many short entries as possible as high as I can get them.
Destroyed OMG! And it has been rigged OMG!
rat
  • #867,283
  • Jan 2, 2014 7:24am Jan 2, 2014 7:24am
Quoting 4xmaker
{quote} I used to think it was rigged too but then I come to realize that most traders are just inexperienced when they fall for the prime setup that everyone sees. Technical analysis usually has a self fulfilling prophecy built in, and when it fails, emotions tell us that it is rigged. We get frustrated and believe that there is a bigger force just fooling with us. In reality, follow the CASH, I think global cash flow is what is driving the valuation of currency ultimately speaking. If you can anticipate the reasons and purpose of such cash flow...
once in a while it is rigged. central bank intervention is rigging.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #867,284
  • Jan 2, 2014 7:24am Jan 2, 2014 7:24am
Quoting 4xmaker
{quote} I used to think it was rigged too but then I come to realize that most traders are just inexperienced when they fall for the prime setup that everyone sees. Technical analysis usually has a self fulfilling prophecy built in, and when it fails, emotions tell us that it is rigged. We get frustrated and believe that there is a bigger force just fooling with us. In reality, follow the CASH, I think global cash flow is what is driving the valuation of currency ultimately speaking. If you can anticipate the reasons and purpose of...
Classic, we'll all been there, and sometimes i think the same when my sl gets hit.
COT: The precious data ignored
  • #867,285
  • Jan 2, 2014 7:25am Jan 2, 2014 7:25am
Quoting 4xmaker
{quote} I used to think it was rigged too but then I come to realize that most traders are just inexperienced when they fall for the prime setup that everyone sees. Technical analysis usually has a self fulfilling prophecy built in, and when it fails, emotions tell us that it is rigged. We get frustrated and believe that there is a bigger force just fooling with us. In reality, follow the CASH, I think global cash flow is what is driving the valuation of currency ultimately speaking. If you can anticipate the reasons and purpose of such cash flow...

Nothing to do with emotions. Everything to do with logic. The average person doesn't move markets. The average person has no say in what markets are going to do. The big boys that run this planet are the one's doing things. It'll always be like that.

Of course this means I'm a "conspiracy theorist" .. so be it.

Technical Analysis still works IMO, even while they're rigging. So it's not like money can't be made no matter which way the market moves.
  • #867,286
  • Jan 2, 2014 7:25am Jan 2, 2014 7:25am
Quoting wannabtrader
1.3750 to 137 ?

should have said 36
  • #867,287
  • Jan 2, 2014 7:26am Jan 2, 2014 7:26am
Quoting 4xmaker
{quote} I used to think it was rigged too but then I come to realize that most traders are just inexperienced when they fall for the prime setup that everyone sees. Technical analysis usually has a self fulfilling prophecy built in, and when it fails, emotions tell us that it is rigged. We get frustrated and believe that there is a bigger force just fooling with us. In reality, follow the CASH, I think global cash flow is what is driving the valuation of currency ultimately speaking. If you can anticipate the reasons and purpose of such cash flow...

Yes, that is right, and rigged is most probably the wrong word.

In a free market, everyone wants to make money. Some by following, some by leading, and others by just pushing the price to a certain direction at least for a short time. It is all within this great game called speculation.
  • #867,288
  • Jan 2, 2014 7:26am Jan 2, 2014 7:26am
Quoting 4xmaker
{quote} I used to think it was rigged too but then I come to realize that most traders are just inexperienced when they fall for the prime setup that everyone sees. Technical analysis usually has a self fulfilling prophecy built in, and when it fails, emotions tell us that it is rigged. We get frustrated and believe that there is a bigger force just fooling with us. In reality, follow the CASH, I think global cash flow is what is driving the valuation of currency ultimately speaking. If you can anticipate the reasons and purpose of such cash flow...
When whatever currency that you are trading changes value there is a reason for it. When you are looking at your EUR/USD chart do you know what the chart on EUR/JPY is showing ? If you do not then you are perhaps missing some important information on where EUR/USD will go. Is the markets trading with Risk On or Risk Off ? That will determine where the money is going. I agree with your comments on following the CASH.
  • #867,289
  • Jan 2, 2014 7:26am Jan 2, 2014 7:26am
Quoting Ck87
{quote} Nothing to do with emotions. Everything to do with logic. The average person doesn't move markets. The average person has no say in what markets are going to do. The big boys that run this planet are the one's doing things. It'll always be like that. Of course this means I'm a "conspiracy theorist" .. so be it. Technical Analysis still works IMO, even while they're rigging. So it's not like money can't be made no matter which way the market moves.
You like Big Boys too CK87?
rat
  • #867,290
  • Jan 2, 2014 7:27am Jan 2, 2014 7:27am
Quoting rattyo
{quote} OMG654
  • #867,291
  • Jan 2, 2014 7:28am Jan 2, 2014 7:28am
Quoting rattyo
{quote} You like Big Boys too CK87?
Very much so.
  • #867,292
  • Jan 2, 2014 7:29am Jan 2, 2014 7:29am
Quoting Ck87
{quote} Nothing to do with emotions. Everything to do with logic. The average person doesn't move markets. The average person has no say in what markets are going to do. The big boys that run this planet are the one's doing things. It'll always be like that. Of course this means I'm a "conspiracy theorist" .. so be it. Technical Analysis still works IMO, even while they're rigging. So it's not like money can't be made no matter which way the market moves.

I doubt it, lets say that Tapering that happened a few days ago. I bet you people put the SL at both ends either going LONG or SHORT, they would have been taken out easily by the bump, dump then reverse bump then dump action. Had I not put the SL far away, I would have also fell for the trap.

As for the post Christmas to 1.3890 zone, that was pure evil, and I guess you can say it was rigged ,but really, the banks and also many many various corporations had to hedge, convert it back to Euro, and so forth. It was expected for that to have happened. But the rejection down was Classic; it was a crazy pump and dump, too bad I was sleeping and didn't get a chance to get in well into the 1.37 zone....
  • #867,293
  • Jan 2, 2014 7:30am Jan 2, 2014 7:30am
if it keeps dropping, 3620 is next bounce area
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #867,294
  • Jan 2, 2014 7:32am Jan 2, 2014 7:32am
Quoting Ck87
{quote} Very much so.
holly fek!
rat
  • #867,295
  • Jan 2, 2014 7:33am Jan 2, 2014 7:33am
Quoting rattyo
{quote} holly fek!
  • #867,296
  • Jan 2, 2014 7:33am Jan 2, 2014 7:33am
Quoting ffleo
if it keeps dropping, 3620 is next bounce area
just imagine Flea your short will be at B/E if it drops another 100 or 200 pips OMG!
rat
  • #867,297
  • Jan 2, 2014 7:33am Jan 2, 2014 7:33am
Quoting 4xmaker
{quote} I doubt it, lets say that Tapering that happened a few days ago. I bet you people put the SL at both ends either going LONG or SHORT, they would have been taken out easily by the bump, dump then reverse bump then dump action. Had I not put the SL far away, I would have also fell for the trap. As for the post Christmas to 1.3890 zone, that was pure evil, and I guess you can say it was rigged ,but really, the banks and also many many various corporations had to hedge, convert it back to Euro, and so forth. It was expected for that to...
if so they would have done it much earlier before Christmas. It was obvious stop run.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #867,298
  • Jan 2, 2014 7:34am Jan 2, 2014 7:34am
The news ain't bad, it confirms that US is not weak.

Not sure what the reaction is gonna be. POST tapering talk can cause weird logic for currency movements as the reason to buy and sell USD has changed a bit depending who you are.
Technical wise, it is worth waiting for absolute bearish confirmation to avoid premature closure of a short EURUSD.

Fundamental wise, the NEW news of data releases needs to be re-evaluated to see if the conventional wisdom still hold of the POST Tapering confirmation.....

Anyhow, I am still bearish, targeting ~1.34
  • #867,299
  • Jan 2, 2014 7:35am Jan 2, 2014 7:35am
Quoting rattyo
{quote} holly fek!

  • #867,300
  • Jan 2, 2014 7:36am Jan 2, 2014 7:36am
Quoting rattyo
{quote} just imagine Flea your short will be at B/E if it drops another 100 or 200 pips OMG!
Flea was out his euro short already. waiting for the bounce to load back. I flipped my long to short just before the year closed (took a loss for the long). Still hold cable shorts.
ignore wackos and psychos, including myself. But I can't add myself to iggy
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