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  • #901,021
  • May 27, 2014 6:16pm May 27, 2014 6:16pm
Quoting Rtm
{quote}
for anyone who dosnt have BOJ on the wires really needs to hunt it down in 45mins its going to be a rip snorter for Yen prs
If you are new to Forex? Say Goodbye to your account!!
  • #901,022
  • May 27, 2014 6:53pm May 27, 2014 6:53pm
Hate to say I told you so... hold your cards steady for the spike in rates.

China is Holding Back The US Dollar (April 17th) http://trendersgame.com/2014/04/17/c...the-us-dollar/

FINANCIAL TIMES
May 27, 2014 5:53 pm
Look to China for reasons behind strong demand for Treasuries
By Michael Mackenzie in New YorkAuthor alerts

Explosive scale of buying via Belgium in recent months

This year’s unexpected decline in US Treasury yields has baffled plenty of investors.
While searching for answers as to why demand remains so strong for Treasuries, at a time when the Federal Reserve is buying fewer government bonds, some are looking closely at China, which is the largest foreign holder of such debt.
Since peaking at $1.3tn last November, official Treasury data show China has allowed its holdings of US paper to fall to $1.27tn. The decline, however, has occurred even as China’s currency has weakened and its foreign exchange reserves have expanded.
That begs the next question, what is China doing with its growing pile of US dollars if they are not showing up as Treasury purchases in official monthly data?
The answer may reside in Belgium, whose reported pile of Treasuries has more than doubled from $180bn last October to a current level of $381bn. Brussels is the home of Euroclear, the bank-owned central securities depository and custody service, so it is no surprise that some big foreign investors may have switched their Treasury accounts there from other countries.

But the scale of buying via Belgium has been so explosive in recent months that it leads analysts at Wrightson Icap to highlight the relationship between the size of China’s official US bond holdings versus the overall value of its foreign exchange reserves.
One drawback of official US data is that a big buyer like China can disguise its buying through another financial centre as it did via the UK several years ago. A year ago, China’s reported holdings of Treasury debt equated to 37 per cent of its forex reserves. As of March this year, that relationship had declined to 32 per cent, but it would rise back to 38 per cent if Belgium’s growth in Treasury holdings were included.
Coincidence? Perhaps, but for Treasury investors, the picture of China’s forex reserves and Belgium’s big purchases tells a fascinating story.
Twitter: @TrendersGame
  • #901,023
  • May 27, 2014 7:36pm May 27, 2014 7:36pm
Quoting ffleo
{quote} it likely will bounce from around 1268 to 1300, and then head down again to 1240
gold on its way to 1240. it took two freaking months for it finally to drop.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #901,024
  • May 27, 2014 8:06pm May 27, 2014 8:06pm
missed my long entry by 0 pips. maybe next time we get to 3625. and 26 will get triggered. stop below low. after 3640 is expected. it may get the ball rolling to 69 and so forth.. a hh and 3724 is in a scope... but this bear is strong. i am using smaller longs
those who can, do. those who cant, talk about those who can
  • #901,025
  • May 27, 2014 8:09pm May 27, 2014 8:09pm
Quoting Citiboy
Hate to say I told you so... hold your cards steady for the spike in rates. China is Holding Back The US Dollar (April 17th) http://trendersgame.com/2014/04/17/c...the-us-dollar/ FINANCIAL TIMES May 27, 2014 5:53 pm Look to China for reasons behind strong demand for Treasuries By Michael Mackenzie in New YorkAuthor alerts Explosive scale of buying via Belgium in recent months This year’s unexpected decline in US Treasury yields has baffled plenty of investors. While searching for answers as to why demand remains so strong...
its not just demand. its supply is less
those who can, do. those who cant, talk about those who can
  • #901,026
  • May 27, 2014 8:11pm May 27, 2014 8:11pm
Quoting Magicmen
{quote} I am in from 3625
trying to get in from 26 for a while. i think 3625 is in the cards still... if it turns bearish after. i dont have many pips to give up 14
those who can, do. those who cant, talk about those who can
  • #901,027
  • May 27, 2014 8:16pm May 27, 2014 8:16pm
Quoting Lagani
Hi Gatorinla, can you tell me what do you think about EU direction from now up until tomorrow's London open? Thank you
i dont have a clue,, if it breaks the low or high. a entry on a retrace near 3640 may be what to look for
those who can, do. those who cant, talk about those who can
  • #901,028
  • May 27, 2014 8:51pm May 27, 2014 8:51pm
Quoting KiwiTrada
{quote} for anyone who dosnt have BOJ on the wires really needs to hunt it down in 45mins its going to be a rip snorter for Yen prs
its bit of a delayed start following data but kiwi has led the way, geppy attacking previous lows now, very important levels if she can break them
If you are new to Forex? Say Goodbye to your account!!
  • #901,029
  • May 27, 2014 9:06pm May 27, 2014 9:06pm
Screw technicals and also screw fundamentals, every central bank and economye is screwing the data, so why not me. I will be rich if it breaks to south. I am in. Sl above 1.4050. TP $75,000

ps. I am not a professional trader. Trading is just my passtime hobby. Never risk more than what you can spend on any of your hobbies, including .............. (never mind).
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled1111.jpg Size: 67 KB
The Thief of Wall Street
  • #901,030
  • May 27, 2014 9:06pm May 27, 2014 9:06pm
Quoting gatorinla
missed my long entry by 0 pips. maybe next time we get to 3625. and 26 will get triggered. stop below low. after 3640 is expected. it may get the ball rolling to 69 and so forth.. a hh and 3724 is in a scope... but this bear is strong. i am using smaller longs
I didn't miss it.
https://charts.mql5.com/4/820/eurusd...g-point-of.png
don't predict direction, but dance with flow of water
  • #901,031
  • May 27, 2014 9:13pm May 27, 2014 9:13pm
Quoting Chicky
Screw technicals and also screw fundamentals, every central bank and economye is screwing the data, so why not me. I will be rich if it breaks to south. I am in. Sl above 1.4050. TP $75,000 ps. I am not a professional trader. Trading is just my passtime hobby. Never risk more than what you can spend on any of your hobby. {image}
Thats it, none of that shit matters. Every bank is out to screw you anyways so make it last while you can. What do you do now then?
All posts are my personal opinion
  • #901,032
  • May 27, 2014 9:23pm May 27, 2014 9:23pm
EURUSD D1

Is it engulfing (Yellow color)?
Attached Image
PROredart is not PRO trader
  • #901,033
  • May 27, 2014 9:39pm May 27, 2014 9:39pm
Quoting Rtm
{quote} Thats it, none of that shit matters. Every bank is out to screw you anyways so make it last while you can. What do you do now then?
Indeed there are longer term methods to make some money from this market and also very effective short-term trading tactics, but what matters in the end is the bottom line. Bottom line depends only on these two things 1) R:R, and 2) Win:Loss ratio. Simple as that. The only issue is how much time & efforts one can waste on a venture, that, even if correctly played, cannot generate more than what one can make in any decent business.

For longer term traders there maybe 4 to 6 trades in a year - Max, for day-traders, approximately one to three a day. Longer-term trades are for those who have inhereted a gene from vultures. Day-trading is for those who can repeatedly move two steps forward and one step backwards. But both of them often get trapped by bobbies set by central banks.

What you do in this situation is to what I said earlier, screw technicals and also screw fundamentals. Go for bigger breaks, better rr and go with major economic developments. Simple, yet not easy.
The Thief of Wall Street
  • #901,034
  • May 27, 2014 9:43pm May 27, 2014 9:43pm
Quoting Chicky
{quote} Indeed there are longer term methods to make some money from this market and also very effective short-term trading tactics, but what matters in the end is the bottom line. Bottom line depends only on these two things 1) R:R, and 2) Win:Loss ratio. Simple as that. The only issue is how much time & efforts one can waste on a venture, that, even if correctly played, cannot generate more than what one can make in any decent business. For longer term traders there maybe 4 to 6 trades in a year - Max, for day-traders, approximately one to three...
o
Just noticed that my Kiwi short is nearing support of 0.8530, If it breaks this one, eurusd may follow.
The Thief of Wall Street
  • #901,035
  • May 27, 2014 10:37pm May 27, 2014 10:37pm
Quoting Chicky
{quote} Indeed there are longer term methods to make some money from this market and also very effective short-term trading tactics, but what matters in the end is the bottom line. Bottom line depends only on these two things 1) R:R, and 2) Win:Loss ratio. Simple as that. The only issue is how much time & efforts one can waste on a venture, that, even if correctly played, cannot generate more than what one can make in any decent business. For longer term traders there maybe 4 to 6 trades in a year - Max, for day-traders, approximately one to three...
There is something much more important though that is rarely ever talked about and that is simply what is your objective for trading. Not just make money im talking like specific here eg, become full time, extra pocket money, side business, etc. From there it is slowly broken down to your time frame, then risk management and lastly the least important, strategy eg- entry and exit rules. There is no magic formula for getting a system down. I can almost use a random entry with R:R 1:1 or better and as long as I am with the trend or market sentiment I will be profitable.

I like to do a little bit of everything, I am a pip pimp. Inter,Intra,Invest,Scalp its all good given the right context!
All posts are my personal opinion
  • #901,036
  • May 27, 2014 11:17pm May 27, 2014 11:17pm
Quoting saver0
H4 and M30 are both showing the end of this bear run for today. All indicators are showing the building up of bulls. I have entered my long trade for today on EU and the TP is near 1.3655 and will trail when the price is near if I am awake {image}
Good morning everybody!

I closed my Long trade for about +17pips

Looking to make the next trade in a few hours. Will update with my analysis.

Happy green pip Wednesday!
Focus, Patience, Determination & Order in chaos
  • #901,037
  • May 27, 2014 11:29pm May 27, 2014 11:29pm
Quoting Chicky
{quote} Indeed there are longer term methods to make some money from this market and also very effective short-term trading tactics, but what matters in the end is the bottom line. Bottom line depends only on these two things 1) R:R, and 2) Win:Loss ratio. Simple as that. The only issue is how much time & efforts one can waste on a venture, that, even if correctly played, cannot generate more than what one can make in any decent business. For longer term traders there maybe 4 to 6 trades in a year - Max, for day-traders, approximately one to three...
That sure sounds pessimistic. You sound more like a gambler
I apologize ahead of time if I may have understood what you meant incorrectly.. but If what you are saying is true then all of us are just wasting our time here gambling away our money. I'm sure there are a good number of traders here doing this for more than just a hobby and making a nice living trading. So I must disagree with you. Just look at ForexCube here on this forum, he makes a killing with his trades for many years. I have followed his stuff and read through A LOT of his posts. In a way I agree, this is like gambling but anything is a gamble if you have that attitude. You will be gambling away your life just by driving and your odds of dying will increase depending on which country you drive haha

It's all about taking calculated risks. It's about moving with the markets and feeling it from the bones. And as you build confidence in yourself, its about trusting yourself and having faith. Just like driving on the street, you will stop worrying about death and actually start to enjoy the ride and explore great distances. Anyways, this is just my opinion

I'm still a nervous driver and just like any driver starting out, prone for accidents but even experienced drivers can be in accidents. But most will survive and drive really well and excel.. BUT only if you keep driving. The problem is, most traders jump right into a Ferrari before practicing with a beat up car for a few years.. haha

Happy Pips!
Focus, Patience, Determination & Order in chaos
  • #901,038
  • May 27, 2014 11:38pm May 27, 2014 11:38pm
Quoting Jackana
The file here is the strategy, R/S and analysis today for EU. {image}
But it's not in Eng, Thanks anyway!
PROredart is not PRO trader
  • #901,039
  • May 27, 2014 11:49pm May 27, 2014 11:49pm
Quoting saver0
{quote} That sure sounds pessimistic. You sound more like a gambler I apologize ahead of time if I may have understood what you meant incorrectly.. but If what you are saying is true then all of us are just wasting our time here gambling away our money.
In the end its gambling, because we mortal retail traders don't have 100% certainty of what will happen the next 5m, 1 hour, tomorrow, etc.. otherwise many of us would be rich by now (hobby or not). But there are different gambling situations.. I perceive forex more like texas hold'em than a roulette, at least we have control of our exposure and decide wether or not enter a trade or fold.
K.I.S.S.
  • #901,040
  • May 28, 2014 12:06am May 28, 2014 12:06am
Quoting Leijenberg
{quote} In the end its gambling, because we mortal retail traders don't have 100% certainty of what will happen the next 5m, 1 hour, tomorrow, etc.. otherwise many of us would be rich by now (hobby or not). But there are different gambling situations.. I perceive forex more like texas hold'em than a roulette, at least we have control of our exposure and decide wether or not enter a trade or fold.
there's no crystal ball in this game. Being defensive with a strict risk management discipline and some basic statistical notion is all you have. Beware of false prophets. Make your own decisions.
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