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  • #874,441
  • Feb 5, 2014 9:10pm Feb 5, 2014 9:10pm
Quoting BeyondD
Going to be quite interesting on Friday's NFP numbers il keep a good eye out for the jobless claim tomorrow. Last ADP change numbers got revised downwards to 227K with the new at a lower 175K. Estimated NFP of 185k sounds like too good music in my ears, dun know how they want to pull a magic trick going from 75K to a 185K with no Christmas or sudden seasonal hiring for the private sector. There isn't a change of weather in this current season still cold in the usa with a minor winter storm at the east coast. I guess 150k is a reasonable number wich...
What are the chances of it getting near to 1.3750 before NFP?
The Thief of Wall Street
  • #874,442
  • Feb 5, 2014 9:17pm Feb 5, 2014 9:17pm
Hi All!

Any opinions on the ECB today?

Is there a place to watch this live? I'm kinda new to this whole thing. And I want to experience firsthand the impact of it to the EUR currencies.

Any particular strategies you're using? Especially for EUR/USD? Or is there a better currency pair to eye?

Thanks!
  • #874,443
  • Feb 5, 2014 9:18pm Feb 5, 2014 9:18pm
Quoting Chicky
{quote} What are the chances of it getting near to 1.3750 before NFP?
less than 1% I cant say 0% since its the market but I want to. Only exception I can think of that could bring it up to that number is that both USD jobless claims come out bad. ECB does not lower refi rate and goes on with bond sterilization and German news is good over the whole board. But this is mission impossible and Tom Cruise doesn't lead the ECB
Past glory means nothing on the battlefield
  • #874,444
  • Feb 5, 2014 9:20pm Feb 5, 2014 9:20pm
Quoting whitetrading
Hi All! Any opinions on the ECB today? Is there a place to watch this live? I'm kinda new to this whole thing. And I want to experience firsthand the impact of it to the EUR currencies. Any particular strategies you're using? Especially for EUR/USD? Or is there a better currency pair to eye? Thanks!
the link will be posted on forex factory when it starts. rite now draghi is sleeping. you want me to wake him up and give you the link.

as fas ar opinion goes if he talks abt inflation all time euro will fall. if he talks abt growth euro will be range bound and then we leave it to the americans on friday
  • #874,445
  • Feb 5, 2014 9:26pm Feb 5, 2014 9:26pm
Quoting giveachance
{quote} the link will be posted on forex factory when it starts. rite now draghi is sleeping. you want me to wake him up and give you the link. as fas ar opinion goes if he talks abt inflation all time euro will fall. if he talks abt growth euro will be range bound and then we leave it to the americans on friday
this and the announcement about bond sterilization. its up in the air really. if ECB stops bond sterilization then yah eur/usd will drop a few pips. if refi cut then yah say good bye to 134..

What I personally think about the inflation is something entirely different than the Draghi monster that will use any chance to lower the euro to get better export for the EU ( PS: huge bias here just so yah know) deflation is imo a good thing for the euro long term export. As we don't have a consumer based economy unlike the US
Past glory means nothing on the battlefield
  • #874,446
  • Feb 5, 2014 9:28pm Feb 5, 2014 9:28pm
Quoting BeyondD
{quote} less than 1% I cant say 0% since its the market but I want to. Only exception I can think of that could bring it up to that number is that both USD jobless claims come out bad. ECB does not lower refi rate and goes on with bond sterilization and German news is good over the whole board. But this is mission impossible and Tom Cruise doesn't lead the ECB
You seem pretty good a trader. I guess from your earlier post regarding NFP.

It normally parks near a key level before NFP. I think there is no way US could produce (or one may say "Fabricate") a better NFE and employment rate. If you and I know this, everyone else knows it too. If this is true, it should park near 1.3750 for a longer term break. This level is not too far even on Daily Timeframe.
The Thief of Wall Street
  • #874,447
  • Feb 5, 2014 9:32pm Feb 5, 2014 9:32pm
@ attila Thanks for the link
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FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #874,448
  • Feb 5, 2014 9:38pm Feb 5, 2014 9:38pm
Quoting Chicky
{quote} You seem pretty good a trader. I guess from your earlier post regarding NFP. It normally parks near a key level before NFP. I think there is no way US could produce (or one may say "Fabricate") a better NFE and employment rate. If you and I know this, everyone else knows it too. If this is true, it should park near 1.3750 for a longer term break. This level is not too far even on Daily Timeframe.

I get what you mean there. the USA cant pull numbers out of its behind as they say. I just see at this. (IF and this is a major IF). ECB does not do anything and keeps on the sterilization of bonds and both USD jobless claims come out bad. This scenario would bring on the best estimate a gain to just above 136 to a maximum of 1365. then pre NFP could be a 20-40 pip swing to any direction then the NFP has to be bad that would break the 13700 and get closer to 137500.

I do see this as quite optimistic. as its a 200 pips swing in total to even get to 1372 from where it stand now but yah anything is possible. this is just a tough mountain to get to. More likely that ecb does stop the bond sterilization and keeps eur/usd range bound until the nfp.
Past glory means nothing on the battlefield
  • #874,449
  • Feb 5, 2014 9:50pm Feb 5, 2014 9:50pm
Quoting BeyondD
{quote} I get what you mean there. the USA cant pull numbers out of its behind as they say. I just see at this. (IF and this is a major IF). ECB does not do anything and keeps on the sterilization of bonds and both USD jobless claims come out bad. This scenario would bring on the best estimate a gain to just above 136 to a maximum of 1365. then pre NFP could be a 20-40 pip swing to any direction then the NFP has to be bad that would break the 13700 and get closer to 137500. I do see this as quite optimistic. as its a 200 pips swing in total to even...
Thanks. I am not in a eur/usd trade at the moment, eyeing break of 1.3650 for a target of just below 1.4000
The Thief of Wall Street
  • #874,450
  • Feb 5, 2014 10:08pm Feb 5, 2014 10:08pm
Quoting Davit
{quote} I move my stops to protect profit say for example I have 1.38 sell and 1.37 sell and 136.5 Price moves from 1.38 to 137.20 I move my stops to 3750 to protect profit from 1.38 and if I get stopped out at 1.37.50 then 50pips are added to your account then I re-enter again at 1.3750 So moving stops is important.Never turn a winner to a loser. regards Be mindful trading is risky and trade small until you feel comfortable and have good feel with markets. Play chess regularly at chess.com to stay sharp mentally.Chess teaches about strategy,timing...
Nice post Davit; thanks.

One question; Suppose you plant for $2 trade and you split into 4 pieces. You put first trade and it goes against you, would you add second trade to rescue this? or you always add the second trade when first is in profit?
  • #874,451
  • Feb 5, 2014 11:04pm Feb 5, 2014 11:04pm
Stamford Connecticut UBS trading floor, It's one of the biggest in the world trading forex on one floor.
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  • #874,452
  • Feb 5, 2014 11:39pm Feb 5, 2014 11:39pm
Quoting 786 trading
{quote} Nice post Davit; thanks. One question; Suppose you plant for $2 trade and you split into 4 pieces. You put first trade and it goes against you, would you add second trade to rescue this? or you always add the second trade when first is in profit?
Drawdown is part of this method.I am used to it.Yes I add more higher up since not all lots were entered.
This is what I do and I should not talk about it much because you need experience even psychological toughness to deal with it.
This is as much as I can say.I trade different methods as well which includes Bollinger bands one of the best indicators out there.
Regards
I think I over posted here.Will fade away for awhile.
In trading, you have to be defensive and aggressive at the same time
  • #874,453
  • Feb 5, 2014 11:41pm Feb 5, 2014 11:41pm
Guys, which is the best method to witdraw profits?

I am currently using credit card but these guys charge me considerable fees.
  • #874,454
  • Feb 5, 2014 11:45pm Feb 5, 2014 11:45pm
Quoting Chicky
{quote} I am not sure how good these missiles are, American or Russian .............. let's ask a mother who's husband and 6-year old son got killed in a missile attack.

In my country I read one of the best sentences ever ..."50 years(from WW2) they are arming to one night in one bathroom kill 3 year old girl...."
  • #874,455
  • Feb 5, 2014 11:59pm Feb 5, 2014 11:59pm
Quoting giveachance
{quote} the link will be posted on forex factory when it starts. rite now draghi is sleeping. you want me to wake him up and give you the link. as fas ar opinion goes if he talks abt inflation all time euro will fall. if he talks abt growth euro will be range bound and then we leave it to the americans on friday
thanks for the input beyondd and giveachance! will look out for this later
  • #874,456
  • Feb 5, 2014 11:59pm Feb 5, 2014 11:59pm
Quoting Magicmen
Guys, which is the best method to witdraw profits? I am currently using credit card but these guys charge me considerable fees.


I use bank transfer...they charge me 15 eur,no matter how much I witdraw
  • #874,457
  • Feb 6, 2014 12:20am Feb 6, 2014 12:20am
Quoting mangaradja
Stamford Connecticut UBS trading floor, It's one of the biggest in the world trading forex on one floor. {image}
f*** that, I prefer my garden shed!
  • #874,458
  • Feb 6, 2014 12:21am Feb 6, 2014 12:21am
Quoting Beli
{quote} I use bank transfer...they charge me 15 eur,no matter how much I witdraw
Thats better. At the least I know its fixed amount. I believe, bank transfer takes 3 to 5 working days to get transerred. Is that right?

Does anyone know Paypal charges to withdraw? Is their conversion rates better than credit card guys?
  • #874,459
  • Feb 6, 2014 12:24am Feb 6, 2014 12:24am
I am not sure, maybe is time to revisit the recent low? nzdchf shows the same.

Is KiwiTrada around?
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Wherever you go, there you are.
  • #874,460
  • Feb 6, 2014 12:25am Feb 6, 2014 12:25am
Quoting Magicmen
{quote} Thats better. At the least I know its fixed amount. I believe, bank transfer takes 3 to 5 working days to get transerred. Is that right? Does anyone know Paypal charges to withdraw? Is their conversion rates better than credit card guys?


Yes,about 3 to 5 days,in the past and other broker i was using credit card but they didn't charge me anything...
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