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  • #918,041
  • Aug 20, 2014 11:24am Aug 20, 2014 11:24am
Quoting infinitus
{quote} Better try Liechtenstein or Switzerland
Not joking: Atm I'm planning a move to Malta... anyone from there here?

Cheers,
KEEP CALM AND CARRY ON SHORTING
  • #918,042
  • Edited 11:47am Aug 20, 2014 11:27am | Edited 11:47am
Quoting pedro319
Copper This could be a good buy opportunity as two patterns formed but most importantly it has formed them at good levels. Price is currently sitting at 48% Ret weekly, so hasn't touched 50% yet, at the same time on the Daily chart price accomplished 70.7 ret and this is a 1 to 1 bullish pattern along with a bfly buy. We haven't got reversal candle or candlestick pattern yet so we wait till the end of Monday to see whether it provides further clarity. This is counter trend/momentum, so very risky!! Always start small position and then incrementally...
Copper
Good run! Next target 3.20 PA currently facing 61.8 + 200 MA so not a good place to enter.
I have been long on Oil too expecting major reversal but that one is even riskier. Try getting in with short stops.
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We watch the charts from every angle so you don't have to!!
  • #918,043
  • Aug 20, 2014 11:32am Aug 20, 2014 11:32am
Quoting wolve
{quote} Check his chart, bullish divergence
Hi Wolve, I have no idea how to real bullish divergence. I`m a scalper.
Banks scalp, why don't you?
  • #918,044
  • Aug 20, 2014 11:34am Aug 20, 2014 11:34am
Quoting Thirsty
{quote} Not joking: Atm I'm planning a move to Malta... anyone from there here? Cheers,
Nope, but I saw a pretty funny video about a man who visited Malta `I want to piss on the table` But he meant to say I want to pieces on the table` Pieces of bread.
Banks scalp, why don't you?
  • #918,045
  • Aug 20, 2014 11:36am Aug 20, 2014 11:36am
Quoting CholiPop
{quote} Hi Wolve, I have no idea how to real bullish divergence. I`m a scalper.
Bullish divergence, slowing momentum as evidenced by said divergence, and third hit on bottom descending trend line. Guessing news will be the northern catalyst.
There's always money in the banana stand.
  • #918,046
  • Aug 20, 2014 11:56am Aug 20, 2014 11:56am
Quoting Thirsty
{quote} Not joking: Atm I'm planning a move to Malta... anyone from there here? Cheers,
Inserted Video
Have a look at this video.
Banks scalp, why don't you?
  • #918,047
  • Aug 20, 2014 11:58am Aug 20, 2014 11:58am
After some reading around, and rechecking charts, there is much talk about that the dollar is being pushed way more than normal market move prior the FOMC. This happens quite often, so i'm surprised that it gets more notice this time. The more clear picture can be seen in USDJPY, it does actually look very pumped. SO who is selling the dollar at these levels right now after pumping it? One thing is sure, if pumped they usually go the other way on the news. Flipside on FOMC is that it usually goes the "wrong" way first. What are the market expecting? Talk on raising rates? or is the pump because the suspected lack of talk of raising rates? The numbers lately have not been bad, but not indicating US is about to lift off..

I'm not the fundietrader, i trade numbers and fastread the news and put them together to fit my daily trading. But my amateurfundie analysis tells me that there should be no reason for this pumping. So.. longing, shorting.. news will not change the trend but the reaction to the news lays out the playingfield, where will we be 1 hour later. If up (my guess) where looking for short, if down (why?) how far?, bounce level? have shorts higher up?

If patient, one will wait until the first dust settles, and that is the best advice. If already in trades, what are you looking for? Me, i think we will end on the upside, and as we are oversold (and pumped) i will wait before shorting again. If not disturbing this trend to much then i see caps in 3390 region. a more healty level for bears would be 3342 (reachable with any reaction on FOMC). Tomorrow i do think we will return to bear mode and continue where we left of monday, as tuesday and today looks strange.

In 2 hours time i will read this again and laugh about the whole analysis, and once again state that it's almost impossible to know what will happen and how much.
I don't even have a cool signature
  • #918,048
  • Aug 20, 2014 12:52pm Aug 20, 2014 12:52pm
Quoting NoCoolNick
After some reading around, and rechecking charts, there is much talk about that the dollar is being pushed way more than normal market move prior the FOMC. This happens quite often, so i'm surprised that it gets more notice this time. The more clear picture can be seen in USDJPY, it does actually look very pumped. SO who is selling the dollar at these levels right now after pumping it? One thing is sure, if pumped they usually go the other way on the news. Flipside on FOMC is that it usually goes the "wrong" way first. What are the market expecting?...
Easy enough answer.

I'm positioned short on USDJPY with about a 30 pip stop. Reduced risk down to about 1% (no more pending trades)

I expect a 20-30 pip spread for about 60 seconds as usual, then the stop goes right back into place once I've decided it's settled down. Takes balls of steel to play FOMC thats for sure.

I'll say this though, EU and UJ paint a pretty clear picture of what could happen.
  • #918,049
  • Aug 20, 2014 12:53pm Aug 20, 2014 12:53pm
Dollar rising regardless of fomc expectations..
  • #918,050
  • Aug 20, 2014 1:01pm Aug 20, 2014 1:01pm
That is volatility for you.
  • #918,051
  • Aug 20, 2014 1:03pm Aug 20, 2014 1:03pm
happy days are here again
  • #918,052
  • Aug 20, 2014 1:05pm Aug 20, 2014 1:05pm
Bull in pain
That which does not kill us makes us stronger
  • #918,053
  • Aug 20, 2014 1:08pm Aug 20, 2014 1:08pm
Quoting MaxDoom
happy days are here again
Because volatility is coming to town, or because you can long again (soon)?
f(z)=z2+c
  • #918,054
  • Aug 20, 2014 1:09pm Aug 20, 2014 1:09pm
EU getting near my target of 1.32526
Banks scalp, why don't you?
  • #918,055
  • Aug 20, 2014 1:09pm Aug 20, 2014 1:09pm
Quoting moneymove
Bull in pain
Its only the beginning
Make money by doing the opposite of Giveachance aka loser
  • #918,056
  • Aug 20, 2014 1:11pm Aug 20, 2014 1:11pm
Quoting hathor
{quote} Because volatility is coming to town, or because you can long again?
definitely not long again except on UJ, happily short on EU as well
  • #918,057
  • Aug 20, 2014 1:13pm Aug 20, 2014 1:13pm
Quoting CholiPop
EU getting near my target of 1.32526
hi choli,
nice target bro ..
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  • #918,058
  • Aug 20, 2014 1:16pm Aug 20, 2014 1:16pm
Quoting mrhb30jr
{quote} hi choli, nice target bro .. {image}
Thank you. We are currently 4 pips away from it. Lets see if we hit it. I have a buy limit for .2 at 1.3238 I feel as thought if we break it it will be a nice longggggggg wick and then a reverse. So far the first part of my expectation has come true. Let us see if the rest comes full circle
Banks scalp, why don't you?
  • #918,059
  • Aug 20, 2014 1:16pm Aug 20, 2014 1:16pm
Quoting nessus94
{quote} Its only the beginning
close my short
That which does not kill us makes us stronger
  • #918,060
  • Aug 20, 2014 1:17pm Aug 20, 2014 1:17pm
Quoting MaxDoom
{quote} definitely not long again except on UJ, happily short on EU as well
Just now I filled two buy around 1.3270. I saw you are really picking right direction and price.
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