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Central Banks & Big Players

  • #13,041
  • Edited 4:18am Aug 6, 2014 3:42am | Edited 4:18am
Quoting Tuffy
XAUUSD Tony112, you rox!
Sure he does ...I was the one who brought XAUUSD into the fry. Show me some too
Know News/time; WAIT for Edge Entries, MPLC Normalization, Exits & TP's..
  • #13,042
  • Aug 6, 2014 8:09am Aug 6, 2014 8:09am
Quoting Tony112
Going through a little of family trouble... shouldn't last long guys
Hope everything works out for you mate

Definitely need you back in this thread and posting!
  • #13,043
  • Aug 6, 2014 8:49am Aug 6, 2014 8:49am
Quoting Tony112
Buying USD/CAD on gambling mode. Loads of it, like there's no tomorrow. I hope it reaches 1.10.
I would not buy just it yet. And certainly not in "gambling mode"

The USD will strengthen again in my belief, as the juggernaut is slowing down as Yellen said that interest rate hike will be postponed, but the momentum is still there, it only weakened a little bit, but not that much.

CAD is a pretty strong currency this week, i would not sell agains it, the most you can get is some ranging stuff, until some more major news come it.

Tomorrow's Ivey PMI could be that trigger.So dont expect breakouts and trends, the most likely case is that you will be trapped in a range.

However i think the USD can be bought agains the EUR, as the deflation and some other minor news are clearly pushinh down the EUR/USD.

So my opinion is that USD/CAD LONG is a bad trade, EUR/USD SHORT is a good one.But its only my opinion...
"There's a sucker born every minute" - P.T. Barnum
  • #13,044
  • Aug 6, 2014 8:55am Aug 6, 2014 8:55am
Here take a look:

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 51 KB


1.1 is a pretty solid resistance, and 1.2 is a bit far, so definitely the tomorrow Ivey PMI will decide the course of the CAD.

Besides on the H1 chart its already going down, but i guess it will be ranging until tomorrow, then after the news we see where it will go.
"There's a sucker born every minute" - P.T. Barnum
  • #13,045
  • Aug 6, 2014 10:39am Aug 6, 2014 10:39am
Ok, I cleaned a big portion of my account on a USD/CAD trade. I'm taking 2 days out of the office, I have a little bit of weight on my shoulders now on family and financial aspects. Definitely a bad month for me. I have to put my band-aid on and get up. I'll be back soon. Don't gamble.
Invest in alarm clocks
  • #13,046
  • Aug 6, 2014 1:07pm Aug 6, 2014 1:07pm
Quoting Tony112
Ok, I cleaned a big portion of my account on a USD/CAD trade. I'm taking 2 days out of the office, I have a little bit of weight on my shoulders now on family and financial aspects. Definitely a bad month for me. I have to put my band-aid on and get up. I'll be back soon. Don't gamble.
Avoid repeating the old same mistakes over again
  • #13,047
  • Aug 6, 2014 2:08pm Aug 6, 2014 2:08pm
Quoting Tony112
Ok, I cleaned a big portion of my account on a USD/CAD trade. I'm taking 2 days out of the office, I have a little bit of weight on my shoulders now on family and financial aspects. Definitely a bad month for me. I have to put my band-aid on and get up. I'll be back soon. Don't gamble.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 22 KB
a

It is definitely ranging, or worse it could go south as the USD crude oil news flushed the USD on the toilet, but i think it will range, but the mid term picture definitely depends on tomorrow's Ivey PMI.
"There's a sucker born every minute" - P.T. Barnum
  • #13,048
  • Aug 6, 2014 2:12pm Aug 6, 2014 2:12pm
Also the EUR/USD was also a wrong idea, i lost some demo dollars on it

http://www.forexfactory.com/news.php?do=news&id=498051

Eur ranging

http://www.forexfactory.com/news.php?do=news&id=498107
http://www.forexfactory.com/news.php?do=news&id=498054

While russian sanctions are strengthening the JPY and CHF
"There's a sucker born every minute" - P.T. Barnum
  • #13,049
  • Aug 6, 2014 7:04pm Aug 6, 2014 7:04pm
Hi 'Proximus'

this will probably be the most important news for the CAD this week

CAD Unemployment Rate on Friday

good luck
  • #13,050
  • Aug 6, 2014 8:44pm Aug 6, 2014 8:44pm
Quoting pips2504
Hi 'Proximus' this will probably be the most important news for the CAD this week CAD Unemployment Rate on Friday good luck
I`m selling the USD/CAD for now, as there dollar bears really got strong on that crude oil news.I think the Ivey will be positive for CAD which will drive the pair even lower.

As for Friday Unemployment, if that is also good, then USD/CAD wont reach 1.2 for atleast a month.
"There's a sucker born every minute" - P.T. Barnum
  • #13,051
  • Aug 6, 2014 11:56pm Aug 6, 2014 11:56pm
good or bad, fundamentals don't mean shit.
  • #13,052
  • Aug 7, 2014 12:14am Aug 7, 2014 12:14am
Quoting allisonmagic
good or bad, fundamentals don't mean shit.


The only thing that matters is odds.

Using the right risk management system is all that is needed to succeed. The rest is up to odds. The only thing left is how much can you tilt the odds in your favour?..

  • #13,053
  • Aug 7, 2014 1:53am Aug 7, 2014 1:53am
Quoting SaiLyfee
{quote} The only thing that matters is odds. Using the right risk management system is all that is needed to succeed. The rest is up to odds. The only thing left is how much can you tilt the odds in your favour?..

It's not a gamble SaiLy

Business is business.. if price is down, i'm looking for a place to buy.. if price is up, i'm looking for a good price to sell at
  • #13,054
  • Aug 7, 2014 7:26am Aug 7, 2014 7:26am
ECB incoming

looking to replicate last time

We are live my friends

http://www.ecb.europa.eu/press/tvser...140807.en.html
Attached Image
  • #13,055
  • Aug 7, 2014 7:36am Aug 7, 2014 7:36am
Quoting Ivanyo
ECB incoming looking to replicate last time We are live my friends http://www.ecb.europa.eu/press/tvser...140807.en.html {image}
Take money and run!
Attached Image (click to enlarge)
Click to Enlarge Name: PVwgLvh.png Size: 7 KB
  • #13,056
  • Aug 7, 2014 11:44am Aug 7, 2014 11:44am
Quoting Proximus
{quote} I`m selling the USD/CAD for now, as there dollar bears really got strong on that crude oil news.I think the Ivey will be positive for CAD which will drive the pair even lower. As for Friday Unemployment, if that is also good, then USD/CAD wont reach 1.2 for atleast a month.
[email protected] on 5.45pm CET. Really time to sell????????????????
  • #13,057
  • Aug 7, 2014 11:49am Aug 7, 2014 11:49am
Quoting allisonmagic
good or bad, fundamentals don't mean shit.
do you trade for a living? didnt think so
All posts are my personal opinion
  • #13,058
  • Aug 7, 2014 6:40pm Aug 7, 2014 6:40pm
Quoting Rtm
{quote} do you trade for a living? didnt think so

well you should know, you know all about my life don't you

until you bring me knowledge that isn't retail, you are expendable.
  • #13,059
  • Aug 7, 2014 8:20pm Aug 7, 2014 8:20pm
Quoting allisonmagic
{quote} well you should know, you know all about my life don't you until you bring me knowledge that isn't retail, you are expendable.
You want knowledge that isnt retail? Short the NZDUSD.
All posts are my personal opinion
  • #13,060
  • Aug 7, 2014 8:48pm Aug 7, 2014 8:48pm
Quoting Rtm
{quote} You want knowledge that isnt retail? Short the NZDUSD.

lol. case in point. Conversation over.
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