Previous resistance becoming future support here at the 115.50 level. Good buy opportunity here.
- #50,042
- Nov 11, 2014 12:05pm Nov 11, 2014 12:05pm
Desperation of the finest breed.
Only the best will do.
And when Abe has to stand for re-election?
And the Japanese GDP on Monday?
Nah. That was an old-fashioned, so "City", so veddy British, you know (though they can't do it any more on a nightly basis coz they just got fined Three Hundred Million Dollars...) pump-and-dump.
The attempt was amateurish at best...but I bet it made the boys smile back in London.
Only the best will do.
And when Abe has to stand for re-election?
And the Japanese GDP on Monday?
Nah. That was an old-fashioned, so "City", so veddy British, you know (though they can't do it any more on a nightly basis coz they just got fined Three Hundred Million Dollars...) pump-and-dump.
The attempt was amateurish at best...but I bet it made the boys smile back in London.
- #50,045
- Nov 11, 2014 1:15pm Nov 11, 2014 1:15pm
- | Joined May 2006 | Status: Dynamic Expansion & Contraction | 360 Posts
{quote} Sure a change from all-in, eh?
Actually it ranged from 50.XX to 54.XX Long side. I watched fairly regular the past week. This is only a reflection of Oanda's book. They have more traders than Gain Capital, but less than Fxcm. Many other brokers world wide to consider as well. Unlike an exchange these books can be odd paired any direction and make little sense to direction. The 20 minute delay on Oanda's book mostly gives an idea but nothing to jump in on.
I would say most of the money moving this thing past week roughly were interbank bundles. The rest of us were moving nothing at all, not even in numbers. Just picking fleas off the hairy beasts!
With all the propaganda noise starting to surface, (hence my comic post earlier) the central banks may aid a hand and spoof with an assisted retrace, to shut up the whistle blowers ranting Manipulation!
At this point I would be very cautious with longs. "Grab and Go!" Cycles of action do always exist for our curves in life.
"Look Left Think Right"
nice correction across the board for the dollar on its day off...
Second clue was how SPX had no reaction whatsoever to Alibaba and his Forty Thieves.
Third was the idea that King Dollar ain't a-fittna be kicked around by no dope.
Serving Abe a fat slice o'humble pie. Know who's boss now?
Not to say that the pair can't reverse along its merry course. Just to put a hitch in your get-along, that's all.
- #50,048
- Nov 11, 2014 1:30pm Nov 11, 2014 1:30pm
{quote} Well, the clue was last night, when UJ et. al. took off and Cable and Euro just sat there, as if asleep. Second clue was how SPX had no reaction whatsoever to Alibaba and his Forty Thieves. Third was the idea that King Dollar ain't a-fittna be kicked around by no dope. Serving Abe a fat slice o'humble pie. Know who's boss now? Not to say that the pair can't reverse along its merry course. Just to put a hitch in your get-along, that's all.
opportunity to re load on dollar longs
{quote} gotta love these pullbacks across the board opportunity to re load on dollar longs
The Fed is trying to do the ultimate balancing act by equalising all the players in global markets. When there was free money to give away left and right, it was possible to keep all those balls in the air. Now, not so much.
There wasn't an immediate market reaction to the Fed removing the punchbowl. But the reaction is here now and the first things we see are the policies of Abe of Japan on trial- and rightly so. He will have an election and a major decision on a double-edged tax increases coming up in five days.
It is the market itself questioning whether Abe's policies can hang or not. I don't think they can. Frankly, it's tomfoolery to think that you can create something from nothing...as if it isn't a magic show we've seen four thousand times.
Addo: Pardon but if I may add: it was an election that sent UJ from 88 (that's not a typo...) to 116 in a matter of a few months. I question whether the reverse may be the more natural "order" of things. Correct me if I am wrong but wasn't everyone pretty much happy before?
- #50,052
- Nov 11, 2014 2:42pm Nov 11, 2014 2:42pm
- Joined Jun 2010 | Status: Trader | 3,896 Posts
Why the sudden drop?? 
I thought Japan is on QE?
I thought Japan is on QE?
Make your losses in demo. Earn your profits live.
- #50,055
- Edited 3:29pm Nov 11, 2014 3:19pm | Edited 3:29pm
{quote} what is your positioning in this pair?
Gotta take the drawdowns, someone once said to me. I believe it. When I believe it.
But man, I'm tired.
Downside target, with lots of reversals in the interim, is 106.5. It's the only level that makes sense.
Addo: I'll wait for the Tokyo session to decode what to do with this trade. A clear break below 114.19 will have me gold-lining my fish. If it stalls there, I will reassess.
- #50,056
- Nov 11, 2014 3:33pm Nov 11, 2014 3:33pm
{quote} Short from 114.7 about 24 hours ago, as a matter of fact. Gotta take the drawdowns, someone once said to me. I believe it. When I believe it. But man, I'm tired. Downside target, with lots of reversals in the interim, is 106.5. It's the only level that makes sense.
good luck, pip it up sir!
- #50,059
- Nov 11, 2014 3:50pm Nov 11, 2014 3:50pm
- Joined Jul 2011 | Status: Winning | 1,859 Posts
gotta love these pullbacks across the board opportunity to re load on dollar longs
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- #50,060
- Nov 11, 2014 4:06pm Nov 11, 2014 4:06pm
- Joined Jan 2012 | Status: Trader | 1,711 Posts
Good luck and may the odds be ever in your favor!