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  • #12,101
  • Mar 17, 2014 9:23am Mar 17, 2014 9:23am
booking profits on gj longs
  • #12,102
  • Mar 17, 2014 9:29am Mar 17, 2014 9:29am
not a very good place to park your bum eh

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  • #12,103
  • Mar 17, 2014 9:48am Mar 17, 2014 9:48am
Quoting Jrshin
{quote} Just share my point of view
What point of view? For me it sounded more like balls measuring while sticking out ones head after the trade is running in profits and saying 'I'm right, you're wrong.' And I think that there would have not been a post saying: 'I was wrong while buying' in a different chart situation. Would there? I've seen so many traders acting like fools without ethics here on FF and other places. It is the same thing if you would show off with a new car you just bought to your buddy, who just had a car accident and saying that I just wanted to ask if you like the color of it. Think about it.

Good luck in your trading journey - there is still lots to learn.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #12,104
  • Mar 17, 2014 9:52am Mar 17, 2014 9:52am
http://www.forexlive.com/blog/2014/0...serious-steps/

Market laughs at Kerry’s threat of ‘serious steps’

Last week, US Secretary of State John Kerry promised “serious series of steps” against Russia today if the referendum in Crimea went ahead. He made the promise on Thursday, at shortly after 11 am ET and it sent risk assets reeling. Here we are on Monday and the “serious steps” are merely sanctions against a few oligarchs.
http://www.forexlive.com/wp-content/...ous-steps1.png
EURUSD 30 minute.
Same story in stocks.

http://www.forexlive.com/wp-content/...ious-steps.png
S&P 500 10 minute
Stocks and EUR/USD have made back most of the losses but GBP/JPY is a great risk proxy lately and is still climbing back.
http://www.forexlive.com/wp-content/...-10-minute.png
GBP/JPY 10 minute
The surprise now would be if the US came back with something more substantial but that would probably require all of Congress to get involved and whenever that happens it’s a gong show.
  • #12,105
  • Mar 17, 2014 10:16am Mar 17, 2014 10:16am
Quoting IndigoPingvi
{quote} Didn't i say we gona buy on Monday?! Put 20 ema on the 1H chart, look how price behaved!
Are you a Trader Kid?
  • #12,106
  • Mar 17, 2014 10:49am Mar 17, 2014 10:49am
Quoting PatienceFx
http://www.forexlive.com/blog/2014/0...serious-steps/ Market laughs at Kerry’s threat of ‘serious steps’ Last week, US Secretary of State John Kerry promised “serious series of steps” against Russia today if the referendum in Crimea went ahead. He made the promise on Thursday, at shortly after 11 am ET and it sent risk assets reeling. Here we are on Monday and the “serious...
nicely said. with china's problem on one hand, ill think there wont be any unanimous decision concerning crimea.. lets see what merkel will bring us though, after all, she did said (in my understanding), full blown economic war with russia.


**still waiting for rebound at 167.60 100.70 u/j for long.
** short term u/j short 102, be advised high risk bet. ( rumors of j-trader guarding 101.2)
  • #12,107
  • Mar 17, 2014 10:50am Mar 17, 2014 10:50am
Quoting Temujin
Long GBP/JPY at 168.59. The question now is how much of the Crimea situation and the sanctions to come are really priced into the market? I think much of it already. Relief rally on the way.
Yup.
Be humble or be humbled.
  • #12,108
  • Mar 17, 2014 10:57am Mar 17, 2014 10:57am
Technically Obama Administration has ducked again after Syria. Next is East Ukraine.

Get Set Go.
  • #12,109
  • Mar 17, 2014 11:07am Mar 17, 2014 11:07am
Quoting pabloski
{quote} Are you a Trader Kid?
?? I don't understand the question. If you are asking if that is another nick that I use then no.
  • #12,110
  • Mar 17, 2014 11:15am Mar 17, 2014 11:15am
Quoting Noob Trader
Technically Obama Administration has ducked again after Syria. Next is East Ukraine. Get Set Go.
i really dont think putin have any intention for E. Ukraine. i could be wrong, as one russian once said to me, "i dont know what putin will do". regarding syria, its a civil war. theres too much information flying around, sunnis blamin shiiate, shiite blaming sunni. america was right on not picking sides. pick shiite, iran will be their friends, but there'll be oil problem and vice versa.

allah guides the righteous..
  • #12,111
  • Mar 17, 2014 11:49am Mar 17, 2014 11:49am
Quoting alberthall
{quote} i really dont think putin have any intention for E. Ukraine. i could be wrong, as one russian once said to me, "i dont know what putin will do". regarding syria, its a civil war. theres too much information flying around, sunnis blamin shiiate, shiite blaming sunni. america was right on not picking sides. pick shiite, iran will be their friends, but there'll be oil problem and vice versa. allah guides the righteous..
Syria was only example to highlight that Obama lacks will-power of Super Power... Drawn multiple red lines yet Assad forces in complete control which are backed by Putin. Putin knows that present administration in White house is weak so

Putin only exploiting the weak government in white house. Putin plans to restore Soviet Union and if 2016 didn't get tough president then its most likely to get into reality. Raise of Soviet Empire is almost certain as long as Putin in Office.
  • #12,112
  • Mar 17, 2014 11:50am Mar 17, 2014 11:50am
Anyway back to trading. GBPJPY is unable to break 169.80 while holding 169. Downside bias remains intact.
  • #12,113
  • Mar 17, 2014 12:02pm Mar 17, 2014 12:02pm
Quoting Noob Trader
{quote} Syria was only example to highlight that Obama lacks will-power of Super Power... Drawn multiple red lines yet Assad forces in complete control which are backed by Putin. Putin knows that present administration in White house is weak so Putin only exploiting the weak government in white house. Putin plans to restore Soviet Union and if 2016 didn't get tough president then its most likely to get into reality. Raise of Soviet Empire is almost certain as long as Putin in Office.
that is quite an interesting insight. but i couldnt stress this enough, shiite and sunnis civil war are backed by around 1000 years of history with many innocent lives taken. as a muslim i can be certain at least about this. though im sceptical about another soviet empire rise, but im sure putin is strong enough to establish a much more advanced communist nation(with less violence and more civil rights). but how would you suggest obamas reaction should be, in my personal view, its between the devil and deep blue sea, to support Rais bashar ilassad is to anger millions of sunnis including their most loved pet Saudi. to attack Syria is to defy Putin direct patronage of Syria and to anger yet again Iran and their ayyatollah. id love to hear your reply

*note: syria is under the direct protection of Russia even before the civil war.
  • #12,114
  • Mar 17, 2014 12:38pm Mar 17, 2014 12:38pm
Quoting alberthall
{quote} that is quite an interesting insight. but i couldnt stress this enough, shiite and sunnis civil war are backed by around 1000 years of history with many innocent lives taken. as a muslim i can be certain at least about this. though im sceptical about another soviet empire rise, but im sure putin is strong enough to establish a much more advanced communist nation(with less violence and more civil rights). but how would you suggest obamas reaction should be, in my personal view, its between the devil and deep blue sea, to support Rais bashar...
Inability to act is serious fault and being Suprepower, its beginning of end if not corrected within time. As far as Syria, Obama was playing lost game from day 1. Obama is more fool than most of people believed. He is like empty vessel which make lot of noise or you can tag him as paper tiger. If defeat is almost certain than better to remain sideways rather than poking nose in the battle. After Iraq, US was not in position to take unilateral attack on Syria and Putin exploited it to the max. Iran will never be favorable to US regardless action in Syria.
  • #12,115
  • Mar 17, 2014 12:47pm Mar 17, 2014 12:47pm
Quoting Noob Trader
{quote} Inability to act is serious fault and being Suprepower, its beginning of end if not corrected within time. As far as Syria, Obama was playing lost game from day 1. Obama is more fool than most of people believed. He is like empty vessel which make lot of noise or you can tag him as paper tiger. If defeat is almost certain than better to remain sideways rather than poking nose in the battle. After Iraq, US was not in position to take unilateral attack on Syria and Putin exploited it to the max. Iran will never be favorable to US regardless...
touche'. quite informative.. i guess Palin is the fore runner for the next election eh? anyways, have a great day. ciao'
  • #12,116
  • Mar 17, 2014 1:06pm Mar 17, 2014 1:06pm
A Chinese real estate developer with $556m of debt has collapsed and its largest shareholder detained

http://www.forexlive.com/blog/2014/0...operty-market/
  • #12,117
  • Mar 17, 2014 1:14pm Mar 17, 2014 1:14pm
The US people don't have the appetite to engage in another conflict that the US has very little to gain from. Obama is obliged to pay lip service to the wrong doings of Russia in the name of freedom and liberty but he appears disinterested.

Putin doesn't want to recreate the Soviet Union. He is heading down the road towards Tsarist Autocracy and he has massive support.

Quoting Noob Trader
{quote} Inability to act is serious fault and being Suprepower, its beginning of end if not corrected within time. As far as Syria, Obama was playing lost game from day 1. Obama is more fool than most of people believed. He is like empty vessel which make lot of noise or you can tag him as paper tiger. If defeat is almost certain than better to remain sideways rather than poking nose in the battle. After Iraq, US was not in position to take unilateral attack on Syria and Putin exploited it to the max. Iran will never be favorable to US regardless...
  • #12,118
  • Mar 17, 2014 1:37pm Mar 17, 2014 1:37pm
Quoting PatienceFx
A Chinese real estate developer with $556m of debt has collapsed and its largest shareholder detained http://www.forexlive.com/blog/2014/0...operty-market/
Thanks for reminding me. This Chinese credit bubble and Ukraine are going to flare up again in the media at some point again. The DOW Jones had a mega rally today and 169.00 for GJ is holding but these things must always be in mind now. This bull market is 5 years old and the bank of Japan is always saying they are ready to ease further but not now. Any sudden report of sharp credit tightening from China or much heavier sanctions from the U.S. followed by a strong response from Russia will be a flashpoint for a fast sell-off. We don't know what acute event will quickly arise but markets that go up with this kind of backdrop have to be watched carefully.

Tokyo is next. The Nikkei is low enough to follow the U.S. lead and rally also.
Be humble or be humbled.
  • #12,119
  • Mar 17, 2014 2:13pm Mar 17, 2014 2:13pm
Quoting Noob Trader
Anyway back to trading. GBPJPY is unable to break 169.80 while holding 169. Downside bias remains intact.
There are still signs that price wants to climb. Fat lady didn't sing yet... Anyway, I'll take a brake from forum for a few days, I hope you guys had good trades today, I took about 130 pips on the beast... take care and good trading!
  • #12,120
  • Mar 17, 2014 3:54pm Mar 17, 2014 3:54pm
Quoting mercy seat
GBP/JPY : Corrective consolidation or rebound phase ... might give 169.10-40 at first ... Critical support is considered around 167.70 zone for today ... Attachment ... simplified view ... only very few levels ... if not higher than 170.12 then further downside attempts again ... clean cut of below 167.70 would re-open the downside ... No bullish continuation unless a clean cross of above 170.72 hurdle ... more likely capped for now ... ;-|

GBP/JPY :


Currently we are short since 169.545 and 169.580 ...

This way ... as shown in chart here ... Attachment ...

But as it is a Monday ... and ROLL is not far away anymore ... we will tend to unwind soon ... irrespective of "so-called" technical setup reasons ...


;-|
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