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  • #893,841
  • Apr 30, 2014 7:22am Apr 30, 2014 7:22am
Quoting Chicky
{quote} This is called Trade Management or Ego Satisfaction. They call short but go long . This way, they either make snack money or get few subscriptions


Chicky, you made my day
  • #893,842
  • Apr 30, 2014 7:22am Apr 30, 2014 7:22am
Quoting PhAnTi'
{quote} on the first watch this is unlogical, yes... but this is due to time lag of economic indicators.
agree, but kind of makes you think how wrong all the macro that comes out is, we'll see what final numbers show.
swing it!
  • #893,843
  • Apr 30, 2014 7:23am Apr 30, 2014 7:23am
We all sometimes have to depend on some people's grammatical speech to know where and when to place a trade. This is unfair....... yellen is our next dictionary today
  • #893,844
  • Apr 30, 2014 7:24am Apr 30, 2014 7:24am
Quoting PhAnTi'
{quote} there are a lot trading yen...but they use other threads to talk about it.....
Well i see that many pairs other than eur/$ have been discussed here. And the yen threads r practically dead.
  • #893,845
  • Apr 30, 2014 7:26am Apr 30, 2014 7:26am
Hard to get a feel for USD here. Data prints today have been all over the place. GDP was fine if you take out investments and exports. Given that consumption is 2/3rd of the economy the number isn't as horrible as it looks on the surface. ADP and Chicago PMI were good...


I think just theres a surprise that that number was so close to zero. It also looks like it could have been negative if it wasnt for obamacare related spending. Also have to consider how many exports to Canada were delayed to weather. SO many question marks...


At the end of the day the GDP data is an old lagging indicator, and after Chicago PMI didnt seem to confirm any softness its hard to shift views with any conviction.
Twitter: @TrendersGame
  • #893,846
  • Apr 30, 2014 7:29am Apr 30, 2014 7:29am
can we see any Big 60+ pips EURUSD movement on FOMC Statement ???
  • #893,847
  • Apr 30, 2014 7:31am Apr 30, 2014 7:31am
Quoting hoom
this why retail traders dont succeed in this business . {image}
They did a get job running the price down first to grab stops before running the price up. This market is totally rigged and you have to know where that might pull this crap in order to be successful,that or use stops that are so big the are very risky in themselves.

I had a long from yesterday with a 15 pip stop and I know the only chance I had was if price just took off north from the Euro news, other then that...............

This is why I generally don't have any open trades going into big news events or try to trade during them, news events have become nothing more then a clearing house event for the BIG BANKS, they often use them to wipe out both long and short traders before pushing price in one direction.
  • #893,848
  • Apr 30, 2014 7:32am Apr 30, 2014 7:32am
Quoting Citiboy
Hard to get a feel for USD here. Data prints today have been all over the place. GDP was fine if you take out investments and exports. Given that consumption is 2/3rd of the economy the number isn't as horrible as it looks on the surface. ADP and Chicago PMI were good... I think just theres a surprise that that number was so close to zero. It also looks like it could have been negative if it wasnt for obamacare related spending. Also have to consider how many exports to Canada were delayed to weather. SO many question marks... At the end of the...
you are one stubborn USD bull good luck with your trades
  • #893,849
  • Apr 30, 2014 7:35am Apr 30, 2014 7:35am
Quoting Citiboy
Hard to get a feel for USD here. Data prints today have been all over the place. GDP was fine if you take out investments and exports. Given that consumption is 2/3rd of the economy the number isn't as horrible as it looks on the surface. ADP and Chicago PMI were good... I think just theres a surprise that that number was so close to zero. It also looks like it could have been negative if it wasnt for obamacare related spending. Also have to consider how many exports to Canada were delayed to weather. SO many question marks... At the end of the...

isn't that the way FA always works? In the aftermath of events one will find an answer/excuse to justify the moves.

I can come up with dozens of events, where the same outcome of data was one time interpreted bullish and next time bearish.

Social mood is driving the price, and social mood can go everywhere. A change in social mood does not need extrinsic triggers.
  • #893,850
  • Apr 30, 2014 7:37am Apr 30, 2014 7:37am
Quoting infinitus
{quote} sorry, what is the point?
there is no point , in fact from short and long calls that i ve seen yesterday at 3810 , I was almost sure none of them would catch the right flow. both bulls and bears [bulls who fear the yuro falling from 3790 and bears who think that they got a long term tarde from the highs ] got their stop hit .
Get Rich or Die Tryin
  • #893,851
  • Apr 30, 2014 7:37am Apr 30, 2014 7:37am
Quoting Citiboy
Hard to get a feel for USD here. Data prints today have been all over the place. GDP was fine if you take out investments and exports. Given that consumption is 2/3rd of the economy the number isn't as horrible as it looks on the surface. ADP and Chicago PMI were good... I think just theres a surprise that that number was so close to zero. It also looks like it could have been negative if it wasnt for obamacare related spending. Also have to consider how many exports to Canada were delayed to weather. SO many question marks... At the end of the...
What if Yellen halts QE reduction or delay it in time? That's a full percentage point, could be weather related(as usual excuse) just wonder what FOMC will say about that,
swing it!
  • #893,852
  • Apr 30, 2014 7:38am Apr 30, 2014 7:38am
Quoting kuroro001
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?
sent you a PM.
  • #893,853
  • Apr 30, 2014 7:39am Apr 30, 2014 7:39am
Quoting tomspin
{quote} What if Yellen halts QE reduction or delay it in time? That's a full percentage point, could be weather related(as usual excuse) just wonder what FOMC will say about that,
See you at 1.41xx tonight then
COT: The precious data ignored
  • #893,854
  • Apr 30, 2014 7:40am Apr 30, 2014 7:40am
Quoting attila
{quote} sent you a PM.
Checking it, meanwhile, just added a small silver long
COT: The precious data ignored
  • #893,855
  • Apr 30, 2014 7:41am Apr 30, 2014 7:41am
The MMs have completely f**** up pa.

There are only 2 solutions:

a) Much higher
b) Much lower mt.

Which direction I do not know, I think lower would be easier for pa but atm the probability aims to higher.
I expect a move not less than 100-200 pips, we are in the middle of nowhere again.

Make your choice.
  • #893,856
  • Apr 30, 2014 7:45am Apr 30, 2014 7:45am
Quoting gatorinla
placed another short on the touch of 3848 (3846).. stops above dragis put. if we close above 3850 in 2 h i may close this one.. if not the close for 3442 still held
Hope to catch u later things looks interesting
Today Fomc and month close will tell A lot
  • #893,857
  • Apr 30, 2014 7:45am Apr 30, 2014 7:45am
Quoting infinitus
{quote} isn't that the way FA always works? In the aftermath of events one will find an answer/excuse to justify the moves. I can come up with dozens of events, where the same outcome of data was one time interpreted bullish and next time bearish. Social mood is driving the price, and social mood can go everywhere. A change in social mood does not need extrinsic triggers.
I didnt explain todays moves with FA...I believe theres a specific flow out there thats been driving the Dollar for the past few months.

When that ends then the FA will matter. So my view is based primarily on timing the end of said flow, and secondly on FA. Thirdly on technicals.


Caveat being I plan to hold a long USD position for upwards of a year, once there is the initial momentum. Im not day trading, or intraweek.
Twitter: @TrendersGame
  • #893,858
  • Apr 30, 2014 7:50am Apr 30, 2014 7:50am
looks like a bullish flag maybe
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Twitter: @TrendersGame
  • #893,859
  • Apr 30, 2014 7:51am Apr 30, 2014 7:51am
It will be in range from 1.3850-1.3870 Until 2:00 PM .. FOCM Statement.

So I'm shorting it @ 1.3864 .. only target 10 PIPS ..Just scalp
and Shorting EA @ 1.4975

It's good to short GU too .. but too afraid of GU
  • #893,860
  • Apr 30, 2014 7:58am Apr 30, 2014 7:58am
Quoting kuroro001
{quote} See you at 1.41xx tonight then
http://www.zerohedge.com/news/2014-0...ting-yesterday
swing it!
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