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  • #924,541
  • Sep 17, 2014 9:24am Sep 17, 2014 9:24am
Quoting Imaywin
{quote}
{quote} Well it is less risky than going short. Everyone is already short.
Actually according to the trade explorers the majority are long; which is to be expected because everything LOOKS perfect for a sustained up move, but looks are deceiving. It will pop up then slam down. The safe trade is shorting above 1.3000.
  • #924,542
  • Sep 17, 2014 9:24am Sep 17, 2014 9:24am
Quoting Imaywin
{quote} Oh yeah once FF longs close their positions pa will drop 100 pips.
I'm not talking FF longs, but longs at major brokers.
Everyone can see the chart, but only a few can actually read it.
  • #924,543
  • Sep 17, 2014 9:26am Sep 17, 2014 9:26am
Quoting OnlineAddict
{quote} I'm not talking FF longs, but longs at major brokers.
Problem is that many brokers use dealing desk hence it has no impact on market.
  • #924,544
  • Sep 17, 2014 9:31am Sep 17, 2014 9:31am
Always safer to go against retail. Anyway, if we don't make a new high today, bulls are done and a drop should come starting today/tomorrow.
Everyone can see the chart, but only a few can actually read it.
  • #924,545
  • Sep 17, 2014 9:36am Sep 17, 2014 9:36am
http://www.cftc.gov/dea/futures/financial_lf.htm

Small players (non reportable) are 87 990 shorts vs 36 588 longs. That is 71% short.
  • #924,546
  • Sep 17, 2014 9:37am Sep 17, 2014 9:37am
Quoting Imaywin
http://www.cftc.gov/dea/futures/financial_lf.htm Small players (other reportable) are 87 990 shorts vs 36 588 longs. That is 71% short.
Futures and forex are months apart. In forex, retail is long from 1.3360 on average and short from 1.2950. Longs are 60%, as I just checked, 55% is only Oanda. We are at a bad number to short right now, I agree with that...but everything above 1.3 will be a good short, or close below 1.3.
Everyone can see the chart, but only a few can actually read it.
  • #924,547
  • Sep 17, 2014 9:39am Sep 17, 2014 9:39am
Quoting Imaywin
http://www.cftc.gov/dea/futures/financial_lf.htm Small players (other reportable) are 87 990 shorts vs 36 588 longs. That is 71% short.
Also, those positions are as of Sept 9th.
  • #924,548
  • Sep 17, 2014 9:40am Sep 17, 2014 9:40am
Quoting OnlineAddict
{quote} Futures and forex are months apart.
When someone buy big amount of future contracts it has realtime impact on fx market.
  • #924,549
  • Sep 17, 2014 9:42am Sep 17, 2014 9:42am
I meant non reportable instead of other reportable (those ones are bigger players).
  • #924,550
  • Sep 17, 2014 9:42am Sep 17, 2014 9:42am
Quoting Imaywin
{quote} When someone buy big amount of future contracts it has realtime impact on fx market.
We will see later this week, I'm really curious, if bulls are able to close above 1.3, in case we break it after FOMC.
Everyone can see the chart, but only a few can actually read it.
  • #924,551
  • Sep 17, 2014 10:07am Sep 17, 2014 10:07am
Hi guys wondering if anyone has the 100pipsdailyscalper5.ex4 scalper indicator, can't seem to download it off web, not sure if its a real indicator or if scam or virus, any help here??? Cheers
  • #924,552
  • Sep 17, 2014 10:18am Sep 17, 2014 10:18am
Quoting vaclarush
{quote} Also, those positions are as of Sept 9th.
I doubt it changed much, pa is in the same area.
  • #924,553
  • Edited 10:41am Sep 17, 2014 10:20am | Edited 10:41am
Trade explorers for EU are 50/50.

Looks like T minus one hour until retail slaughtering.
Attached Image
  • #924,554
  • Sep 17, 2014 10:22am Sep 17, 2014 10:22am
Quoting Pharm0r
Trade explorers for EU are 50/50. Looks like 2 minus one hour until retail slaughtering. {image}
Yep, I'm glad I have no open positions, but I plan to short the first spike up, if it comes. Just for a scalp, that will be it.
Everyone can see the chart, but only a few can actually read it.
  • #924,555
  • Sep 17, 2014 10:31am Sep 17, 2014 10:31am
Quoting OnlineAddict
{quote} Yep, I'm glad I have no open positions, but I plan to short the first spike up, if it comes. Just for a scalp, that will be it.
Remember SL=BE
  • #924,556
  • Sep 17, 2014 10:33am Sep 17, 2014 10:33am
As cruel as it may sounds like, i say at least one of you would get blow up within the next 30 minutes. One of you would hit the jackpot and hope your luck would continue running with you as long as you think its there till the next blow up.

Again, if you are in fx trading business in less than 1 good year or so, someone told u trading FOMC is the best way to get rich, holding on your current +1 or +2 pips position just to see what's up, or loosing up or removing your stop just to get ready for the big move, I suggest you close your position already and shut down your computer till Tokyo section.

If you want a good honest piece of risk management advice, here it is.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #924,557
  • Sep 17, 2014 10:42am Sep 17, 2014 10:42am
Quoting FXSayWhat
As cruel as it may sounds like, i say at least one of you would get blow up within the next 30 minutes. One of you would hit the jackpot and hope your luck would continue running with you as long as you think its there till the next blow up. Again, if you are in fx trading business in less than 1 good year or so, someone told u trading FOMC is the best way to get rich, holding on your current +1 or +2 pips position just to see what's up, or loosing up or removing your stop just to get ready for the big move, I suggest you close your position already...
Honestly, every trader (aka gambler) is waiting for this moment.
  • #924,558
  • Sep 17, 2014 10:44am Sep 17, 2014 10:44am
It seems lately that... every time it's sure to go on way... it goes down a little up a little then back to the middle.... really the only bad thing you can do is over leverage thinking there is a strong sustained move.
I'll pick up the crumbs don't need the whole pie
  • #924,559
  • Sep 17, 2014 10:46am Sep 17, 2014 10:46am
If there was no FOMC in 15 minutes, I would be already short scalping every move above 2960...but this will probably shoot higher after the release.
Everyone can see the chart, but only a few can actually read it.
  • #924,560
  • Sep 17, 2014 10:47am Sep 17, 2014 10:47am
bull trap before FOMC ?

edit: yeah, check 5m eu
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