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  • #940,701
  • Dec 4, 2014 12:11am Dec 4, 2014 12:11am
Quoting justin7
it's as ordinary a meeting or news event as any other. market goes up market goes down. just have to wait at this point for levels to be established now. theres nothing i can trade from this point below. i won't be looking to trade during the news tommorrow until i find out if it's good or bad
You wrong there. I explained why this is not an ordinary meeting to make things worse the market is already expecting some kind of weak Euro. If Draghi does not get into the sovereign bonds buying QE all this money will get out the market, EURUSD can spike +100 pips in seconds. This is not ordinary. I believe EURUD will rise from the chart but I acknowledge that if I am wrong I will probably suffer from slippage and a hefty one.
"The Market is Not Evil, it Simply Separates Dumb People From Their Money."
  • #940,702
  • Dec 4, 2014 12:12am Dec 4, 2014 12:12am
ridin this badboy to the FLOOR

* trailing stop following down 30 pips behind, holding strong
  • #940,703
  • Dec 4, 2014 12:12am Dec 4, 2014 12:12am
The majority are expecting Draghi to come up with this QE I said earlier and the Euro will be sold. What happens afterwards? Profit realization or another leg lower? I''ll need to see the chart if that will be the scenario.
"The Market is Not Evil, it Simply Separates Dumb People From Their Money."
  • #940,704
  • Dec 4, 2014 12:14am Dec 4, 2014 12:14am
Quoting Panco
{quote} You wrong there. I explained why this is not an ordinary meeting to make things worse the market is already expecting some kind of weak Euro. If Draghi does not get into the sovereign bonds buying QE all this money will get out the market, EURUSD can spike +100 pips in seconds. This is not ordinary. I believe EURUD will rise from the chart but I acknowledge that if I am wrong I will probably suffer from slippage and a hefty one.
big drop ahead today
  • #940,705
  • Dec 4, 2014 12:14am Dec 4, 2014 12:14am
All the selling that you are seeing now is pricing-in. My guess, 45min before the rate announcement (not conference) EURUSD could rise from short covering, bearing in mind it will be at current levels by then.
"The Market is Not Evil, it Simply Separates Dumb People From Their Money."
  • #940,706
  • Dec 4, 2014 12:14am Dec 4, 2014 12:14am
Quoting Panco
{quote} You wrong there. I explained why this is not an ordinary meeting to make things worse the market is already expecting some kind of weak Euro. If Draghi does not get into the sovereign bonds buying QE all this money will get out the market, EURUSD can spike +100 pips in seconds. This is not ordinary. I believe EURUD will rise from the chart but I acknowledge that if I am wrong I will probably suffer from slippage and a hefty one.
yeah it could. the only thing i'll be counting on is price will go one way with the purpose of retracing hard back the other way
  • #940,707
  • Dec 4, 2014 12:15am Dec 4, 2014 12:15am
Quoting reclude82
{quote} big drop ahead today
You always need to have someone at the other end, no? That's how the market functions.
"The Market is Not Evil, it Simply Separates Dumb People From Their Money."
  • #940,708
  • Dec 4, 2014 12:16am Dec 4, 2014 12:16am
Quoting Liam0530
ridin this badboy to the FLOOR * trailing stop following down 30 pips behind, holding strong
if it goes down it goes down but that's not my game. i trade s/r bounces off of established levels with 10 pip tp's

if the big money crashes this down it's only done for the purpose of retracing very hard and fast back up after
  • #940,709
  • Dec 4, 2014 12:16am Dec 4, 2014 12:16am
Quoting justin7
{quote} yeah it could. the only thing i'll be counting on is price will go one way with the purpose of retracing hard back the other way
In my opinion it will be one sided. What you are describing is called a whipsaw. This is something we'll just have to wait and see.
"The Market is Not Evil, it Simply Separates Dumb People From Their Money."
  • #940,710
  • Dec 4, 2014 12:18am Dec 4, 2014 12:18am
Quoting justin7
{quote} if it goes down it goes down but that's not my game. i trade s/r bounces off of established levels with 10 pip tp's if the big money crashes this down it's only done for the purpose of retracing very hard and fast back up after
The s/r strategy is great, I don't agree with the big money logic but if it is working for you then that's fantastic.
"The Market is Not Evil, it Simply Separates Dumb People From Their Money."
  • #940,711
  • Dec 4, 2014 12:18am Dec 4, 2014 12:18am
Quoting Panco
{quote} In my opinion it will be one sided. What you are describing is called a whipsaw. This is something we'll just have to wait and see.
not a whipsaw off of a quick spike news announcement that's not what i'm talking about. i'm just looking to see where the manipulation for today will come into play.
  • #940,712
  • Dec 4, 2014 12:18am Dec 4, 2014 12:18am
I will probably go long, maybe at the European open.
"The Market is Not Evil, it Simply Separates Dumb People From Their Money."
  • #940,713
  • Dec 4, 2014 12:20am Dec 4, 2014 12:20am
Quoting justin7
{quote} not a whipsaw off of a quick spike news announcement that's not what i'm talking about. i'm just looking to see where the manipulation for today will come into play.
I wrote before, if you want manipulations you will see it happening, live, in USDJPY. The manipulations in EURUSD (I don't even like calling it that) will be if at all minutes before the rate announcement or press conference. You need low liquidity to pull it off.
"The Market is Not Evil, it Simply Separates Dumb People From Their Money."
  • #940,714
  • Dec 4, 2014 12:21am Dec 4, 2014 12:21am
Quoting Panco
I will probably go long, maybe at the European open.
I'm ready to buy for 10 pip tp 10 pip sl if price breaks the low by 20 pips to 1.2280. typically traders are told the big 00 numbers are good support and resistance. therefore i expect the big money to go past that point instead and then commence with the buying.
  • #940,715
  • Dec 4, 2014 12:22am Dec 4, 2014 12:22am
Quoting Panco
{quote} I wrote before, if you want manipulations you will see it happening, live, in USDJPY. The manipulations in EURUSD (I don't even like calling it that) will be if at all minutes before the rate announcement or press conference. You need low liquidity to pull it off.
lol..I could point out probably 3 scenarios from this week where it happened..usually during the prehour before markets open in usa and euro is when those sorts of things happen
  • #940,716
  • Dec 4, 2014 12:25am Dec 4, 2014 12:25am
Quoting justin7
{quote} lol..I could point out probably 3 scenarios from this week where it happened..usually during the prehour before markets open in usa and euro is when those sorts of things happen
I will copy-paste, I don't think you read what I wrote.
"The Market is Not Evil, it Simply Separates Dumb People From Their Money."
  • #940,717
  • Dec 4, 2014 12:27am Dec 4, 2014 12:27am
Quoting Panco
{quote} I will copy-paste, I don't think you read what I wrote.

Let me tell you something about a price manipulation that is happening now. There is a three billion dollar option that will expire at 15:00 GMT in USDJPY at 120. The option holder will get the money only if USDJPY remains below 120 until 15:00 GMT. There were no major economic data in the past few hours but the pair is very close to reaching it, even now as we speak. I am certain there is a joint effort to take out the option so they holder loses three billion dollars. And the poor holder is trying to fight them off. This is price manipulation and you are seeing it live.
"The Market is Not Evil, it Simply Separates Dumb People From Their Money."
  • #940,718
  • Dec 4, 2014 12:27am Dec 4, 2014 12:27am
see the difference is you're blaming it on hft trading but really it's the big money (banks)...
  • #940,719
  • Dec 4, 2014 12:28am Dec 4, 2014 12:28am
Quoting Panco
Let me tell you something about a price manipulation that is happening now. There is a three billion dollar option that will expire at 15:00 GMT in USDJPY at 120. The option holder will get the money only if USDJPY remains below 120 until 15:00 GMT. There were no major economic data in the past few hours but the pair is very close to reaching it, even now as we speak. I am certain there is a joint effort to take out the option so they holder loses three billion dollars. And the poor holder is trying to fight them off. This is price manipulation...
oh ok so WTP? the plan is 120?...IDK if the rich guy is serious to bet 3B dollar on a single counter-trend trade, if i had as much money to lose then i would be happy...ok i will Watch...the Buy logic has ended.
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DONT ASK ME QUESTION, BUT U CAN BAN ME I DONT CARE!
  • #940,720
  • Dec 4, 2014 12:28am Dec 4, 2014 12:28am
If you want, just for now, I can tell you where there are more options in other pairs and in EURUSD.
"The Market is Not Evil, it Simply Separates Dumb People From Their Money."
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