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  • #941,421
  • Dec 5, 2014 4:04am Dec 5, 2014 4:04am
Quoting elbert3
that should be good news no better but no worse 1.2470 target
Hi Billy, nice to see you here.
Don't be smart. Be rich.
  • #941,422
  • Dec 5, 2014 4:05am Dec 5, 2014 4:05am
Quoting maximinus
{quote} Not yet. My unique pos atm is short uchf at 9725. And you ?
a few pips on gbp @5641 and eu @2300 entry was yesterday with chf within 20pip of SNB floor, nfp and december trading very light, may get little excited if yen shows any sign of pumping green pips is like hens teeth
If you are new to Forex? Say Goodbye to your account!!
  • #941,423
  • Dec 5, 2014 4:07am Dec 5, 2014 4:07am
Quoting KiwiTrada
anyone made any money today or lost any?
Just a few positive pips, nothing to mention seriously
  • #941,424
  • Dec 5, 2014 4:11am Dec 5, 2014 4:11am
[quote=KiwiTrada;7922815]{quote} a few pips on gbp @5641 and eu @2300 entry was yesterday with chf within 20pip of SNB floor, nfp and december trading very light, may get little excited if yen shows any sign of pumping green pips is like hens teeth[/quote]

lol yes, except for the ones who bought UJ eyes closed after the initial pump of 200 pips the day QE was announced. I waited a retrace that never came and maybe will never come. Hit and run is the philosophy of the market atm.
Don't be smart. Be rich.
  • #941,425
  • Dec 5, 2014 4:17am Dec 5, 2014 4:17am
Quoting elbert3
that should be good news no better but no worse 1.2470 target
I don't think so.

Short to the bottem.
  • #941,426
  • Dec 5, 2014 4:18am Dec 5, 2014 4:18am
From my Trading platform:

ECB's Weidmann said that the euro-zone's central bank cannot use same formulas that were used in Japan and elsewhere, adding that discussion over unconventional policies is difficult.
His comments clearly suggest that Germany will not allow the ECB will consider buying sovereign bonds.
Media reports yesterday suggested that Weidmann and Lautenschlaeger opposed to the ECB's decision to strengthen its language on the expansion of its balance sheet.
But Draghi made it clear that such disagreement will hinder any ECB attempt to buy sovereign bonds. As such, many analysts believe that the ECB will announce a full-blown QE by Q1 2015.
  • #941,427
  • Dec 5, 2014 4:22am Dec 5, 2014 4:22am
btw NFPs will be hard to trade even if they are in favor of USD... dont forget another half a dozen US data is going "live" at the very same time... all with its own merit... all have to be positive otherwise its going to be harsh to get the "pulse" of the market right away and avoid getting trapped


said that i still have no trade done this week still have my short positions waiting above 1.245 level
  • #941,428
  • Dec 5, 2014 4:22am Dec 5, 2014 4:22am
Eur/Usd 2h Chart

Attached Image (click to enlarge)
Click to Enlarge Name: Downtrend line.png Size: 40 KB


Euro is over and over with Lower High. Bulls need fresh strong move above downtrend line - resistance at 1:2458. We are still in downtrend zone.

EUR/USD: Trading signals by:

Commerzbank - Recommended trade: Attempt tiny shorts 1.2450 – stop and reverse over 1.2460, exit 1.2300. Attempt small longs 1.2245 – stops below 1.2225.
Danske Bank - long at 1.2398 for 1.2575 stop at 1.2338

Fake bull but nice ride
Inserted Video
  • #941,429
  • Dec 5, 2014 4:25am Dec 5, 2014 4:25am
Quoting maximinus
{quote} a few pips on gbp @5641 and eu @2300 entry was yesterday with chf within 20pip of SNB floor, nfp and december trading very light, may get little excited if yen shows any sign of pumping green pips is like hens teeth lol yes, except for the ones who bought UJ eyes closed after the initial pump of 200 pips the day QE was announced. I waited a retrace that never came and maybe will never come. Hit and run is the philosophy of the market atm.
Thats always how you buy QEs. Dont wait for H1 retracement as it wont come. Go in straight after first 100 pip candle, no matter which currency it is.
  • #941,430
  • Dec 5, 2014 4:31am Dec 5, 2014 4:31am
Quoting janpec1000
{quote} Thats always how you buy QEs. Dont wait for H1 retracement as it wont come. Go in straight after first 100 pip candle, no matter which currency it is.
Really, I wish I knew that.
I wanted to buy, but the little voice inside me told :
"Hey, wait a little, london will bring it a little down, and you could buy cheaper" then " wait a little, NY will bring it down etc.."
The true story is that those bastards have bought it from 101 to 102 since the beginning of the year.
Don't be smart. Be rich.
  • #941,431
  • Dec 5, 2014 4:35am Dec 5, 2014 4:35am
Quoting maximinus
{quote} a few pips on gbp @5641 and eu @2300 entry was yesterday with chf within 20pip of SNB floor, nfp and december trading very light, may get little excited if yen shows any sign of pumping green pips is like hens teeth lol yes, except for the ones who bought UJ eyes closed after the initial pump of 200 pips the day QE was announced. I waited a retrace that never came and maybe will never come. Hit and run is the philosophy of the market atm.
yep weekly or monthly 2012 13 & 14 were a dam site easier to trade than 2007 - 12
on monthly there has only been 1 equilateral triangle and 1 pennant otherwise rocket fueled bull train,
so I been waiting for a reversal pattern to show its teeth, Im thinking even higher tf trend traders will be playing pretty cautious for now
this BOJ intervention has been way more powerful than SNB,s & ECB,s and possibly the retrace should be just as good, if and when it comes
If you are new to Forex? Say Goodbye to your account!!
  • #941,432
  • Dec 5, 2014 4:41am Dec 5, 2014 4:41am
Quoting fxtyrant
{quote} Thanks for your reply, appreciated! the reason why i dont use any technical indicator to define trend, its because indicators are delayed often using history of 14 or 21 or 50 or 200 candles previously chart.... problem with this is that these indicators are lagging.... soo by the time they show a trend. its probably too late already....
Try Ichimoku, it has quite nice trend definition, usually with not much lag (only using cloud). Btw i sent you private message if you dont mind answering.
  • #941,433
  • Dec 5, 2014 4:45am Dec 5, 2014 4:45am
Quoting maximinus
{quote} Really, I wish I knew that. I wanted to buy, but the little voice inside me told : "Hey, wait a little, london will bring it a little down, and you could buy cheaper" then " wait a little, NY will bring it down etc.." The true story is that those bastards have bought it from 101 to 102 since the beginning of the year.
Haha true. But hey i have been using same approach since it passed 115. I knew i had to buy emidently after announcmenet, but i missed it planned it for december. Then when i saw charts, my plan was wait for 115 or similar, retracement and get in. Then it hit 115 and i missed retracement becouse i wasnt at home, then since 116 i have been using approach, wait for retracement, i saw one, no i need bigger one, wait wait wait, and there we are 120, and all i took was less than 70 pips of this big ass rally. But now i dont give a shit, ill get in soon today if NFP is bear, Abe victory should spike that crap to 123 or beyond.

Just look at their comments(BOJ+goverment), they dont want USDJPY to rise above 135. 135!!! Hahah, which means it is still ok to climb another 1500 pips.
  • #941,434
  • Edited 5:15am Dec 5, 2014 5:03am | Edited 5:15am
Quoting janpec1000
{quote} Haha true. But hey i have been using same approach since it passed 115. I knew i had to buy emidently after announcmenet, but i missed it planned it for december. Then when i saw charts, my plan was wait for 115 or similar, retracement and get in. Then it hit 115 and i missed retracement becouse i wasnt at home, then since 116 i have been using approach, wait for retracement, i saw one, no i need bigger one, wait wait wait, and there we are 120, and all i took was less than 70 pips of this big ass rally. But now i dont give a shit, ill get...
Thanks will read the BOJ report this week end.
I agree and I don't give a shit too, it can fly without me, there is always another pair to trade.
But what disappoint me is that none here in FF have talked about boj QE.
Few years ago, I longed AJ after one of an excellent post (fundamental wise) of Fudoyomo but he stopped posting.
No NY trading today for me.

GL to all and have a nice day.
Don't be smart. Be rich.
  • #941,435
  • Dec 5, 2014 5:05am Dec 5, 2014 5:05am
Quoting KiwiTrada
{quote} yep weekly or monthly 2012 13 & 14 were a dam site easier to trade than 2007 - 12 on monthly there has only been 1 equilateral triangle and 1 pennant otherwise rocket fueled bull train, so I been waiting for a reversal pattern to show its teeth, Im thinking even higher tf trend traders will be playing pretty cautious for now this BOJ intervention has been way more powerful than SNB,s & ECB,s and possibly the retrace should be just as good, if and when it comes
Waiting for it also if and when
Don't be smart. Be rich.
  • #941,436
  • Dec 5, 2014 5:18am Dec 5, 2014 5:18am
189.038 ???
  • #941,437
  • Dec 5, 2014 5:27am Dec 5, 2014 5:27am
Quoting elbert3
189.038 ???
what;s that?



also does anyone feel NFP is getting priced already the same way ECB the past few days?
  • #941,438
  • Dec 5, 2014 5:28am Dec 5, 2014 5:28am
Hope tonight NFP is negative for USD , so it can push E/U higher and I can load some shorts with better position.
  • #941,439
  • Dec 5, 2014 5:37am Dec 5, 2014 5:37am
Quoting KGP
{quote} what;s that? also does anyone feel NFP is getting priced already the same way ECB the past few days?
sorry i should of come back to finish that ,,thats my tp, if it goes higher than pp on the same number and short ,, as a possibility regards E ALSO 189.38 lets see how it plays out on the 5 min chart ,,
  • #941,440
  • Dec 5, 2014 5:43am Dec 5, 2014 5:43am
My guess Eur will definitely try the 1.2280 now.
Attached Image (click to enlarge)
Click to Enlarge Name: EUR 30.JPG Size: 96 KB
Never follow/blame others,Patience is the key skill for Succesfull trading.
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