ECB said to prepare broad-based QE package for January meeting &#x2013; BBG

Quoting palinco

Disliked

Smiling now because you are right on the winning side. it is so painful if you are on the wrong side and expecting m,ore height to 1.26xx

Ignored

Its not the wrong or the right side, its always the market side be it bull or bear, until now the EU is on the bear side so selling rallies on the DTL (Down Trend line) was the smart thing to do but the move is not over yet, the EU is showing signs of retesting former support and a possible inverted H&S could be on the map for tomorrow's NFP release so cautious is advised.

Best.

Dr.Zain

Dec 4, 2014 12:58pm

Quoting bassramy

Disliked

Its not the wrong or the right side, its always the market side be it bull or bear, until now the EU is on the bear side so selling rallies on the DTL (Down Trend line) was the smart thing to do but the move is not over yet, the EU is showing signs of retesting former support and a possible inverted H&S could be on the map for tomorrow's NFP release so cautious is advised.

Best.

Ignored

Euro tested its support(low)yesterday, It looks a new Down trend is still there!!!

MCRotter

Dec 4, 2014 4:34pm

Had a bad feeling going into ECB conference today, seemed everyone was talking of QE, hyping it up but there were no real signs that the ECB were going to begin QE running into the conference. Price was posed a the bottom of the daily channel, teasing for a breakout.

So when I seen the chart after the conference I knew nothing had happened as all those shorts had to bail out.

Still short, my stop didn't get hit, but I'm an uncomfortable short who might get taken out tomorrow.

kenleander

Dec 4, 2014 12:05pm

So? An Italian make plans to spend German money. Do Germans agree? I doubt it. And I also think Germans have to agree even if 99% of other Europeans say they want to spend German money. Mario Dragi still sounds like a video game to me.

Malchi

Dec 4, 2014 11:56am

16:00 Draghi: "I cant promise, we will start print money next year its complicated"

10 min later

"Potential QE at new year doesnt mean in January"

2 hour later

"Prepare broad-based QE package for January meeting..."

next time wait till girls will be sure about their notification

YardiFX

Dec 4, 2014 12:47pm

Lol that's too funny and blatant what they just did... Nfp will be bad tommorrow, so they are stopping the eur accumulating too much strength... Clever... Now the highest it will go tomorrow is 2500 from this base.... Imagine if eurusd did close at 2480...bad nfp would push it to 2600... That's too strong currently for the eurusd....

YardiFX

Dec 4, 2014 2:18pm

Thanks, I'm still holding longs until 2525... Will consider shorting after that... The new low will need testing again... A lot of big orders down there...

Quoting palinco

Disliked

Nice analysis. But, fx doesn't work always by guess work.

Ignored

thegmann

Dec 4, 2014 10:46pm

Quoting Ringkon

Disliked

If NFP is bad today, what happened next, 2550? 2600? Sometimes fx made me mad. Which way I should to go? Trend? Data? Fundamental?

Ignored

well you missed your chance to get in any position right now just sit tight wait for NFP then watch the PA

classy

Dec 4, 2014 12:51pm

i just love to fkk euro means onl;y short .....most of the timr avoid this shit||

Oser

Dec 4, 2014 10:19pm

Quoting Guest

Disliked

"Still short, my stop didn't get hit, but I'm an uncomfortable short who might get taken out tomorrow. "

I sitting uncomfortably short with you on this one too.....

Ignored

Stop nearly hit in the same scenario. Holding shorts, but drawn down significantly.... trying to trade my way out of this shitty position.

bassramy

Dec 4, 2014 11:54am

Lol, the trend is your friend.

smash1820

Dec 13, 2014 11:53pm

I just happened to notice this article... don't ask me how or why... But all I will say is fucking amazing....

Dec 4, 2014 11:33am

lol

Dec 4, 2014 11:33am

LOL

Dec 4, 2014 11:34am

Draghi is awesome at f**king traders.

Dec 4, 2014 11:36am

Bastards????????

Dec 4, 2014 11:38am

Even the uncivilized Nations don't Change their Policies with in hours?

shellsnail

Dec 4, 2014 11:39am

Quoting dbutton1990

Disliked

And thats why i stayed short even though i was down 140 pips haha

Ignored

lol... maybe just retrace

Petr.K

Dec 4, 2014 11:33am

People u are amazing really..

Petr.K

Dec 4, 2014 11:35am

Sometimes i think that those people want to destroy us

dbutton1990

Dec 4, 2014 11:37am

And thats why i stayed short even though i was down 140 pips haha

Chanlie

Dec 4, 2014 11:38am

Lol

all of sudden

Chanlie

Dec 4, 2014 11:42am

Quoting shellsnail

Disliked

lol... maybe just retrace

Ignored

you should call that spike up Retrace

EUR still in downtrend and no plans to change the trend till the next century

dbutton1990

Dec 4, 2014 11:44am

Move makes sense. We just approached the inner down trendline

dbutton1990

Dec 4, 2014 11:51am

Quoting Idoscon

Disliked

bullshit, all moves today are based on Mario talking and ECB comments

Ignored

If you did your technicals you would see that statement is not entirely true

timos

Dec 4, 2014 11:52am

Quoting hilmansyah

Disliked

ECB said? or forexlive dovish?

Ignored

Forexlive clearly doesn't has the influence to move the market.

It was blomberg source that big boys use

Citiboy

Dec 4, 2014 11:57am

saw the EUR squeezing up then trotted out the headlines. 'oh but we're preapring!!!!"

frx_trader

Dec 4, 2014 12:03pm

Everybody learns a lesson today. Either it's bad or good, it's a lesson. It's near holiday season, so they must make up something. And a clown like Draghi can make traders smile, laugh or cry.

momochi

Dec 4, 2014 3:16pm

draghi > some random people who dont want to share their names

Dec 4, 2014 11:57am

Eur down down 1.2280

Dec 4, 2014 10:38pm

If NFP is bad today, what happened next, 2550? 2600? Sometimes fx made me mad. Which way I should to go? Trend? Data? Fundamental?

HCGroup

Dec 4, 2014 11:42am

wow, great job super mario. You made a perfect day for me on both sides

althar

Dec 4, 2014 11:53am

OMG, what a cheap trick

Dec 4, 2014 11:34am

YESSSSS

Dec 4, 2014 11:37am

I love you draghi

Dec 4, 2014 11:42am

well... what a Drag. ;P

hilmansyah

Dec 4, 2014 12:06pm

Quoting timos

Disliked

Forexlive clearly doesn't has the influence to move the market.

It was blomberg source that big boys use

Ignored

http://www.bloomberg.com/news/2014-12-04/ecb-said-to-prepare-broad-based-qe-package-for-january-meeting.html

LOL, big boys are my friend, they short like i did on EU

arzlan2

Dec 4, 2014 12:04pm

Quoting Malchi

Disliked

16:00 Draghi: "I cant promise, we will start print money next year its complicated"

10 min later

"Potential QE at new year doesnt mean in January"

2 hour later

"Prepare broad-based QE package for January meeting..."

next time wait till girls will be sure about their notification

Ignored

why can't he just say what's his plans. why hide ?

Dec 4, 2014 1:00pm

Quoting kenleander

Disliked

So? An Italian make plans to spend German money. Do Germans agree? I doubt it. And I also think Germans have to agree even if 99% of other Europeans say they want to spend German money. Mario Dragi still sounds like a video game to me.

Ignored

Interviewer ask: "Mr Draghi do you think QE is legal?"
Draghi: "Do you think we'll be discussing something that's illegal? Do you think that's the best use of our time?"

I think Draghi is pretty determined.

usdoutlaw

Dec 4, 2014 1:02pm

Quoting kenleander

Disliked

So? An Italian make plans to spend German money. Do Germans agree? I doubt it. And I also think Germans have to agree even if 99% of other Europeans say they want to spend German money. Mario Dragi still sounds like a video game to me.

Ignored

Worst Video Game Ever!

tourderob

Dec 4, 2014 1:07pm

Quoting dbutton1990

Disliked

And thats why i stayed short even though i was down 140 pips haha

Ignored

dbutton - I am in the SAME exact boat.... pretty scary draw down... very scary... where do you think price will return to?

Dec 4, 2014 1:45pm

Quoting bassramy

Disliked

Its not the wrong or the right side, its always the market side be it bull or bear, until now the EU is on the bear side so selling rallies on the DTL (Down Trend line) was the smart thing to do but the move is not over yet, the EU is showing signs of retesting former support and a possible inverted H&S could be on the map for tomorrow's NFP release so cautious is advised.

Best.

Ignored

Yes , following the trend and knowing how far one can go is a good path to trading fx. It was clear that the upward strength will terminate at 1.245x and a potential reversal at that point.

Dec 4, 2014 1:54pm

Quoting YardiFX

Disliked

Lol that's too funny and blatant what they just did... Nfp will be bad tommorrow, so they are stopping the eur accumulating too much strength... Clever... Now the highest it will go tomorrow is 2500 from this base.... Imagine if eurusd did close at 2480...bad nfp would push it to 2600... That's too strong currently for the eurusd....

Ignored

Nice analysis. But, fx doesn't work always by guess work.

alphafunds

Dec 5, 2014 3:19am

Quoting Guest

Disliked

Russians have already sold 1.9 billion dollar and they will continue doing it until Ruble ease, therefore, if you are going to short EURUSD then be careful since war of the third kind has started: Ruble vs. US dollar

Ignored

Don't worry, since the beginning of the 2014 Russian CB has sold 90 billion USD to hold the ruble, but the trend goes on.

Dec 4, 2014 11:43am

lol

Dec 4, 2014 11:36am

WTH.....

Dec 4, 2014 11:38am

ECB said? or forexlive dovish?

Dec 4, 2014 11:37am

WTF....LOL..

Dec 4, 2014 11:38am

smells like a rumor

Dec 4, 2014 11:38am

So whats the point of ECB conferences if Draghi is gonna lie to us like that..Hate that motherfucker

Idoscon

Dec 4, 2014 11:38am

M,Draghis mother call him: Do something , Iam short EUR....lol

mahluus

Dec 4, 2014 11:40am

this just completely fooked my scalp in like 10 secs

Idoscon

Dec 4, 2014 11:47am

Quoting dbutton1990

Disliked

Move makes sense. We just approached the inner down trendline

Ignored

bullshit, all moves today are based on Mario talking and ECB comments

Dec 4, 2014 11:47am

Yes, I was expecting this. The big boys wants to short so they took a good position up and crash it with this. LOl.

Dec 4, 2014 11:49am — Edited

What comedy show!

They saw the chart going up and thought, WFT it wasn't supposed to go up, better bring this sh*t down again.

Dec 4, 2014 11:51am

But all in honesty Draghi did signal strongly QE is inevitable and will be here soon.

Dec 4, 2014 11:57am

Quoting bassramy

Disliked

Lol, the trend is your friend.

Ignored

The most important lesson of all.

Dec 4, 2014 12:25pm

Smiling now because you are right on the winning side. it is so painful if you are on the wrong side and expecting m,ore height to 1.26xx

Trader#1D11

Dec 5, 2014 2:13am

Russians have already sold 1.9 billion dollar and they will continue doing it until Ruble ease, therefore, if you are going to short EURUSD then be careful since war of the third kind has started: Ruble vs. US dollar

Trader#E347

Dec 4, 2014 11:35am

How many times people fall for this trick?!

Trader#1F3D

Dec 4, 2014 11:35am

Um, didn't he just say there would be no qe in January?

Trader#D075

Dec 4, 2014 11:41am

They don't use QE next year but they don't wan't strong euro, because they don't want people think that their policy is ctrl C + Ctrl V from Abe's .. lol

Trader#A6C8

Dec 4, 2014 11:46am

Trend is your friend.

Trader#C480

Dec 4, 2014 12:53pm

So how many idiots like me got a margin call today?
I was short E/U and never expected it to go above 1.24 when nothing was expected

Worst of all it went down again after I got the margin call!
QQ

Trader#FBB1

Dec 4, 2014 5:56pm