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  • #910,301
  • Jul 14, 2014 1:07pm Jul 14, 2014 1:07pm
Holy cow,

this is the sixth week we are sitting in a range.

What could be the next hot shit that could have the power to move us from here?

Yellen?
  • #910,302
  • Jul 14, 2014 1:08pm Jul 14, 2014 1:08pm
Quoting CandleStar
Holy cow, this is the sixth week we are sitting in a range. What could be the next hot shit that could have the power to move us from here? Yellen?
Not to worry, we are breaking this week ... one direction or another!
"It's the Margin, Stupid."
  • #910,303
  • Jul 14, 2014 1:09pm Jul 14, 2014 1:09pm
Intresting keypoints from speech:

*Lower taxes in EU
*Increased bank solidity
*Bank loans from ECB at more favorable rates
*Still high unemployment
  • #910,304
  • Edited 1:26pm Jul 14, 2014 1:15pm | Edited 1:26pm
Possible GA selloff soon:
http://prntscr.com/42mp4d

Gona scalp EU tomorrow in tight range M5 only as there is not much clue on bigger direction.

Also UJ is calling for bottom test. Either there or entry trough CHFJPY on higher test.
http://prntscr.com/42mqjb


Possible entries on other pairs:
http://prntscr.com/42mszh
http://prntscr.com/42mtof
http://prntscr.com/42mu9i
  • #910,305
  • Jul 14, 2014 1:23pm Jul 14, 2014 1:23pm
the market is back on pause again after a good movement
  • #910,306
  • Jul 14, 2014 1:40pm Jul 14, 2014 1:40pm
For thos who is interested

According to estimates from Bloomberg analyst believes that the Norwegian krone will appreciate 4.7 percent against the euro and 1.5 percent against the U.S. dollar towards the end of the year. The figures are the median of estimates to over 30 analysts.

Currency strategists at major banks Citigroup and BNP Paribas pointing to last week's inflation figures from Statistics Norway (SSB) as the explanation for an expected dollar appreciation, according to Bloomberg News.

Last Thursday SSB reported that the so-called core inflation, which Norges Bank like to look at associated with setting interest rates, currently at 2.4 percent annualized growth. It is the highest it has been in five years, and only 0.1 percentage points behind the inflation target of the central bank.

Currency strategists believe this will make it less likely that Norges Bank cut its key rate further from current levels.

The higher the expected rate of return and the Norwegian kroner will increase etterspørseln and strengthen the Norwegian currency.
  • #910,307
  • Jul 14, 2014 1:42pm Jul 14, 2014 1:42pm
Quoting janpec1000
Possible GA selloff soon: http://prntscr.com/42mp4d Gona scalp EU tomorrow in tight range M5 only as there is not much clue on bigger direction. Also UJ is calling for bottom test. Either there or entry trough CHFJPY on higher test. http://prntscr.com/42mqjb Possible entries on other pairs: http://prntscr.com/42mszh http://prntscr.com/42mtof http://prntscr.com/42mu9i
Nice, I am bearish on UJ as well
Focus, Patience, Determination & Order in chaos
  • #910,308
  • Jul 14, 2014 1:46pm Jul 14, 2014 1:46pm
Hi Marianne! Don't you think the "surprisingly" big cut in interest rate from the Swedish Bank will push forward a cut in interest rates from the Norwegian Bank?
How do analysts react to this?
  • #910,309
  • Jul 14, 2014 1:49pm Jul 14, 2014 1:49pm
I had short from 1.3638, TP at 1.3610

Long from 1.3620, TP: 1.3650, looks promising for now. At London open, tomorrow, it will go higher, thats the plan.
  • #910,310
  • Jul 14, 2014 1:52pm Jul 14, 2014 1:52pm
Quoting TheBody
Hi Marianne! Don't you think the "surprisingly" big cut in interest rate from the Swedish Bank will push forward a cut in interest rates from the Norwegian Bank? How do analysts react to this?

I will not use ths thread to speaak abouth the NOK but is is so low now. Yes it was arate c ute in Sweden but the inflation is higher in NOrway Than Sweden. WE have oil, gas and electricity

The swedish rate cut have brought down the NOK but in the bank you can get 3% rate in norwegian banks. We have bank garanti of 250thouand euro. WE have no debt. A rate cut in NOK you will still get 2,75% in the bank and 0 in the swiss bank

A little patience it can take time but NOK will increase. I am very sure. Myself I am heavy loaded. NOK/euro one year ago 7,3 now it is 8,4.
  • #910,311
  • Jul 14, 2014 1:55pm Jul 14, 2014 1:55pm
Quoting Magicmen
I am safely on hedge. Long @3634 Short @3620. I signoff now.
Time to decide on my positions

Long @3634 SL set to 3614
Short @3620 SL set to 3630

I will take a break when both SL hit
  • #910,312
  • Jul 14, 2014 2:00pm Jul 14, 2014 2:00pm
Quoting FXSayWhat
{quote} Hi Tom, I have had many crashes and lows since 2008. I am doing so so so much better these day at a point i wouldn't believe that I have made it. Keep believing and keep going with a good faith.
Hi,

yeh, thats great you had ups and downs, but I was asking for a futures broker recommendation. I just cant help myself and am still looking for diamonds in junkyard. But I have like a month more to pick right brokers, so I can keep on digging for a while.

Right now am thinking of Interactive Brokers. Anyone has experience?

T
"I know one thing, that I know nothing." Sokrates
  • #910,313
  • Jul 14, 2014 2:04pm Jul 14, 2014 2:04pm
Quoting Tom_D_Trader
{quote} Hi, yeh, thats great you had ups and downs, but I was asking for a futures broker recommendation. I just cant help myself and am still looking for diamonds in junkyard. But I have like a month more to pick right brokers, so I can keep on digging for a while. Right now am thinking of Interactive Brokers. Anyone has experience? T
IB will provide some of the best futures commisions out there, but not the most innovative charting/trading platforms. TradeStation is opposite, slightly higher commisions (though still less than TD thinkorswim) but with top of the line software. Which is more important to you? I Use TD and really like them but if you have more than 10 round turns per month TradeStation is the way to go in my opinion. I will be moving to them next year.
  • #910,314
  • Jul 14, 2014 2:08pm Jul 14, 2014 2:08pm
No one can know for sure where it goes. But the midterm tendency line (green) seems strong.

Seems like this week or maybe next this range trading has to break.
Attached Image (click to enlarge)
Click to Enlarge Name: weekly view eurusd.jpg Size: 153 KB
So get ready!
  • #910,315
  • Jul 14, 2014 2:20pm Jul 14, 2014 2:20pm
Quoting NWSTrading
{quote} IB will provide some of the best futures commisions out there, but not the most innovative charting/trading platforms. TradeStation is opposite, slightly higher commisions (though still less than TD thinkorswim) but with top of the line software. Which is more important to you? I Use TD and really like them but if you have more than 10 round turns per month TradeStation is the way to go in my opinion. I will be moving to them next year.
Hi,
thanks a lot for your reply.
I actually dont need charting platform as am doing all calculations in Excel and usually trade quite slow. I will take a look at TradeStation. By TD, you mean TD Waterhouse?
Edit: Sry, I just found that. Seems Thinkorswim and Waterhouse are two branches of one company.
One more thanks,
T
"I know one thing, that I know nothing." Sokrates
  • #910,316
  • Jul 14, 2014 2:28pm Jul 14, 2014 2:28pm
Tomorrow, look into shorts around 3670. Cable 7111. Just short term shorts.
Everyone can see the chart, but only a few can actually read it.
  • #910,317
  • Jul 14, 2014 2:37pm Jul 14, 2014 2:37pm
Quoting Magicmen
{quote} Time to decide on my positions Long @3634 SL set to 3614 Short @3620 SL set to 3630 I will take a break when both SL hit
Crap Mr. Dragi. Forced to reopen my hedge SLs.

Edit: Long TP @3660; Short TP @3540
  • #910,318
  • Jul 14, 2014 2:41pm Jul 14, 2014 2:41pm
Quoting Tom_D_Trader
{quote} Hi, thanks a lot for your reply. I actually dont need charting platform as am doing all calculations in Excel and usually trade quite slow. I will take a look at TradeStation. By TD, you mean TD Waterhouse? Edit: Sry, I just found that. Seems Thinkorswim and Waterhouse are two branches of one company. One more thanks, T
TD = TD Ameritrade which operates ThinkorSwim. They run $7.00 round turns (all inclusive) which is a bit higher than average. Be aware that many places will state something like $0.30 per side but that is not inclusive of exchange and regulatory fees. If you are not concerned about charting, IB has the best commissions and order executions from my research. Thing is even IB is around $5 round turn so not a huge diff. Good Luck!
  • #910,319
  • Jul 14, 2014 2:56pm Jul 14, 2014 2:56pm
Quoting NWSTrading
{quote} TD = TD Ameritrade which operates ThinkorSwim.... Good Luck!
Thank you good man .
"I know one thing, that I know nothing." Sokrates
  • #910,320
  • Jul 14, 2014 3:20pm Jul 14, 2014 3:20pm
Quoting Magicmen
{quote} Crap Mr. Dragi. Forced to reopen my hedge SLs. Edit: Long TP @3660; Short TP @3540
LOL then you must be very sensitive as move was barely .... anything at all.
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