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  • #893,781
  • Apr 30, 2014 7:54am Apr 30, 2014 7:54am
Quoting Gaviscon3
{quote} Sorry, 1H.

Thanks
  • #893,782
  • Apr 30, 2014 7:59am Apr 30, 2014 7:59am
Cant touch E/U anymore on the short side after this fail GDP number. Will wait for 1.3780 or 1.3880.

Sold USDJPY 102.25 SL 102.50, maybe stocks will get hit a bit and take the Yen higher. Short positions look kind of stale and the BOJ seems firmly on hold.

every time it looks like you can buy the USD you get rail roaded lol. When the data is good it barely goes up, when the data is bad it goes cliff diving. The flows to sell are just too big to overcome right now.



seems like consolidation will probably set in before NFP. going to be a boring few days unless FOMC has a curveball
Twitter: @TrendersGame
  • #893,783
  • Apr 30, 2014 8:00am Apr 30, 2014 8:00am
Next 1.3881 and then 1.3896 ?
  • #893,784
  • Apr 30, 2014 8:01am Apr 30, 2014 8:01am
Quoting ForexOracle
{quote} The debt is not a big deal it will be eroded through inflation. Interest rate will rise but inflation will be always above it
I think this inflation/deflation debate is a bit of a smokescreen......
inflation never gets reported accurately.....
TPTB are scared sh!tless of deflation but all the money that gets printed doesn't make it into the real economy, it goes to the 1%.......no 'velocity' in the money system....
  • #893,785
  • Apr 30, 2014 8:03am Apr 30, 2014 8:03am
Quoting ForexOracle
{quote} The debt is not a big deal it will be eroded through inflation. Interest rate will rise but inflation will be always above it
yes
And you can say the same thing for Japanese debt, Chinese debt, and
European debt....

growth rate has to increase dramatically.
  • #893,786
  • Apr 30, 2014 8:03am Apr 30, 2014 8:03am
Quoting salehnhd
o.O I'm confused why EUR go up while the CPI Flash Estimate y/y said it not good for currency can anyone explain this to me :/ thank u

Simple... Trend is up! Bad news such as the one your referring to just cause knee jerk reactions within the market. Trade with the trend!
Cheers!!
  • #893,787
  • Apr 30, 2014 8:04am Apr 30, 2014 8:04am
Quoting jonnypants
I think the best trading technique at the moment is to fade the spikes......1 min and 15 min.......anybody successfully doing this?

Only in direction of the trend!
Cheers!!
  • #893,788
  • Apr 30, 2014 8:05am Apr 30, 2014 8:05am
H4 needs a retrace towards its open...1.379x, maybe its low even.

But clearing the top first?
COT: The precious data ignored
  • #893,789
  • Apr 30, 2014 8:07am Apr 30, 2014 8:07am
Quoting PipsMaster23
{quote} Only in direction of the trend!
did someone say trend?

what pair is trending right now? lol. everything is ranging? MAYBE Aud and nzd are trending up. everything else looks rangey for the last 2 weeks.
Twitter: @TrendersGame
  • #893,790
  • Apr 30, 2014 8:09am Apr 30, 2014 8:09am
Quoting Citiboy
{quote} did someone say trend? what pair is trending right now? lol. everything is ranging? MAYBE Aud and nzd are trending up. everything else looks rangey for the last 2 weeks.

Ranging in the sense of what? Short term? yes i would agree although short term is classed from 2-3 days up to 1 month right? OTherwise, the trend is up on medium term, on my charts and analysis it is anyway.
Cheers!!
  • #893,791
  • Apr 30, 2014 8:12am Apr 30, 2014 8:12am
good support
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  • #893,792
  • Apr 30, 2014 8:13am Apr 30, 2014 8:13am
Quoting chess king
{quote} and USA have so much debt -- $17.5 trillion now in the United States -- there is no way that the debt can ever be paid back in real terms. It’s going to have to be monetized.
Yes they can repay all debt. Excuse me... i mean by weapon or seizing foreign property (e.g. Libya, Syria, Russia....)
Rest of the world valuing USD so that US still surviving economically and keep planning their killing, seizing missions.
You cannot learn better without losing
  • #893,793
  • Apr 30, 2014 8:15am Apr 30, 2014 8:15am
If it's not stopped at 3880, every one know the level targeted by the bulls. There is no need to remember that ?
Don't be smart. Be rich.
  • #893,794
  • Apr 30, 2014 8:17am Apr 30, 2014 8:17am
Quoting mv6
good support {image}
I shouted since last day after 1st red bar, guess why..
Quoting forexings
Bear gone crazy this early. Short term indicators strong oversell which is a good opportunity for bullish consolidation before FOMC and GDP
Just trying to figure out who are those real idi*ts still blocking the rise above 3830
I dunno if they want to kill bear FOMC can't help.
If price rise above 3850 before FOMC that will be a good fck
You cannot learn better without losing
  • #893,795
  • Apr 30, 2014 8:18am Apr 30, 2014 8:18am
Quoting salehnhd
o.O I'm confused why EUR go up while the CPI Flash Estimate y/y said it not good for currency can anyone explain this to me :/ thank u
Good question I will try to answer it. Its because there were a lot of shorts pilled into EURUSD at the time and inflation number was not bad enough even though it went below the consesus at 0.8% YoY, core inflation rose to 1.0% yr/yr from 0.7%, that number is not enough to trigger ECB to do anything yet.Therefore as soon as shorts started to cover (buying EURO) it went up.
  • #893,796
  • Apr 30, 2014 8:19am Apr 30, 2014 8:19am
Moving this chart back to the big window... if NFP misses this usdjpy could be in for a trip towards 98.00

looking throught the GDP report... the slowdown in investment doesnt look good. Doesnt seem like people delay investments just because its cold outside?

Outlook on EUR hasnt changed, EURJPY may be the way to go.
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Twitter: @TrendersGame
  • #893,797
  • Apr 30, 2014 8:19am Apr 30, 2014 8:19am
not sure though going to get this pullback off euro ... we might see 92/97 then pullback too 58/44 level then higher high.


I'm seeing cable and I expect cable to go higher from where its at touching 77 pulling back 25/30 pips before breaking the resistance touching 89 then making a big pullback too 28....and if euro follows suit then I don't think we see 1.3815 happening though I'm hopeful no higher high here... cable gets a move and can short Cable then both go down, any higher high from here and 1.3815 is not happening as 1.3858 and 44 will kick in and take us higher
  • #893,798
  • Apr 30, 2014 8:19am Apr 30, 2014 8:19am
Quoting PipsMaster23
{quote} Simple... Trend is up! Bad news such as the one your referring to just cause knee jerk reactions within the market. Trade with the trend!
but I'm talking about the fundamental news . In calendar it says that CPI Flash Estimate y/y is bad for currency when the actual < forecast , so EUR would go down but actually EUR go up , that is my point
thank u
  • #893,799
  • Apr 30, 2014 8:19am Apr 30, 2014 8:19am
I'm impressed by all the elite people in here...so many good calls, and still i'm sure 99% are not making a dime. How come?
COT: The precious data ignored
  • #893,800
  • Apr 30, 2014 8:20am Apr 30, 2014 8:20am
Attila Silver


for those interested, 19.00 should be good for long scalps ;p
Hero calls followed by margin calls...
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