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  • #952,361
  • Jan 21, 2015 2:52am Jan 21, 2015 2:52am
Quoting salman14
Gold looks interesting...... Right now the upper boundry of the triangle is acting as a good resistance. But a close above 1256 on daily chart could bring 1378. this could be the final phase of the strong bear trend. we need a HH on daily chart. keep in mind, A pattern is not a Pattern until it is completed. {image}
Near a strong resistance at 1308, Closing some micros
  • #952,362
  • Jan 21, 2015 3:01am Jan 21, 2015 3:01am
EURUSD fell during the course of yesterday session, but did not move very far from Mondays low at 1.1551. The pair is in a sideways action waiting for the “do or die” events the 1st one tomorrow with the ECB monetary policy and the other one on Sunday the Greek elections. So be aware of explosive volatility in the next few days.
Want to learn more: HTO Trading
  • #952,363
  • Jan 21, 2015 3:02am Jan 21, 2015 3:02am
1.15845 is likely to be tested now
  • #952,364
  • Jan 21, 2015 3:14am Jan 21, 2015 3:14am
Hey everyone!
Prepare for....nothing.

Naaah...I hope it will be a bit more exciting day, than yesterday.
(But I have a feeling, it won't)
Tomorrow and Friday is off to me...so I beg you dear market...
f(z)=z2+c
  • #952,365
  • Jan 21, 2015 3:14am Jan 21, 2015 3:14am
Someone knows something for driving GU down ahead of news, especially with dollar not moving much and EU going on oposite direction.
  • #952,366
  • Jan 21, 2015 3:19am Jan 21, 2015 3:19am
Quoting egkid
{quote} ....What could b possible reasons could stop FED to rise the rate?
really?...well I can't think of one single reason ...maybe a world war? a major externality?. Looks almost impossible, at least with current numbers and circumstances for the FED not to hike this year....

Quoting goldfinch
Risk will have to be born at the State level, there is no other way Germany is going to agree to it?. The really interesting point is going to be what to do with the overnight deposit rate, that will have to be hiked, no point in starting QE with a negative rate. The real beneficiaries of the QE will be bunds, DAX, FTSE and of course the US, once QE starts does Draghi really think that the banks will put cash into the periphery, of course not why would they, better returns to be had elsewhere.
True about Germany, sadly markets wont like or accept just the dead wood in the package that implies countries will have to putt their money where their mouth is, including a good share of it from the "healthy" countries (including Germany).

Yes the negative rates with deflation and recession put the ECB in a REAL cluster fck. Hard to call the adequate policy for the following meetings. Europe may have already crossed or about to cross the line between a temporary problem to a full blown chronic deflationary vicious circle. On the other hand, if this is true and the ECB knows the patience in terminal stage, the scenario of a massive Bazooka QE out of expectations will be wide open for tomorrow.

Hard to call but the decision (any) will tell a lot tomorrow. Its probably the most important ECB meeting we have seen ever in terms of policy implications....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #952,367
  • Jan 21, 2015 3:19am Jan 21, 2015 3:19am
ECB..

have a buffer going in.... by that, I mean if you have an open position, the entry price of the open position needs to be a realistic and sensible distance from current price, if it is not I would go in flat and react to the information as it flows...

with much anticipation over tomorrow's event it could go several ways but the classic would be a quick push low before hand followed by a lift and all before the information lands....

the information has the possibility to disappoint in scale as the anticipation is so high, so we could even see a lift in EU on the announcement of QE, factor in also that whilst devaluing, QE is seen as a much needed measure to help resolve the long term situation, but overall the reaction should be continued lower EU price, but we may need to see that initial reaction play out first.
  • #952,368
  • Jan 21, 2015 3:27am Jan 21, 2015 3:27am
Quoting MaxDoom
ECB.. have a buffer going in.... by that, I mean if you have an open position, the entry price of the open position needs to be a realistic and sensible distance from current price, if it is not I would go in flat and react to the information as it flows... with much anticipation over tomorrow's event it could go several ways but the classic would be a quick push low before hand followed by a lift and all before the information lands.... the information has the possibility to disappoint in scale as the anticipation is so high, so we could even see...
well explained.. I actually could see the chart and priceaction in front of me while reading..
  • #952,369
  • Jan 21, 2015 3:31am Jan 21, 2015 3:31am
Quoting janpec1000
Someone knows something for driving GU down ahead of news, especially with dollar not moving much and EU going on oposite direction.
There bear reaction as PA suggested. Shorted ahead, took 40 pips, +1%.
  • #952,370
  • Jan 21, 2015 3:33am Jan 21, 2015 3:33am
Quoting MaxDoom
ECB.. have a buffer going in.... by that, I mean if you have an open position, the entry price of the open position needs to be a realistic and sensible distance from current price, if it is not I would go in flat and react to the information as it flows... with much anticipation over tomorrow's event it could go several ways but the classic would be a quick push low before hand followed by a lift and all before the information lands.... the information has the possibility to disappoint in scale as the anticipation is so high, so we could even see...
Btw Max are you looking for short on 1585?

I want to see break of 572 on M1 to start shorting/scalps.
  • #952,371
  • Jan 21, 2015 3:37am Jan 21, 2015 3:37am
Quoting sisse
{quote} really?...well I can't think of one single reason ...maybe a world war? a major externality?. Looks almost impossible, at least with current numbers and circumstances for the FED not to hike this year.... {quote} True about Germany, sadly markets wont like or accept just the dead wood in the package that implies countries will have to putt their money where their mouth is, including a good share of it from the "healthy" countries (including Germany). Yes the negative rates with deflation and recession put the ECB in a REAL cluster fck. Hard...
Sisse, one question: you used to post really helpful charts with weekly, monthly levels. Will you by any chance do that again? Would be very much appreciated, but I understand if you don't.
Regards,
LD
Fail better.
  • #952,372
  • Jan 21, 2015 3:39am Jan 21, 2015 3:39am
Quoting janpec1000
{quote} Btw Max are you looking for short on 1585? I want to see break of 572 on M1 to start shorting/scalps.
the 1585 is free money...1567 is the only annoying thing here... why speak about 1572?...
DONT ASK ME QUESTION, BUT U CAN BAN ME I DONT CARE!
  • #952,373
  • Jan 21, 2015 3:40am Jan 21, 2015 3:40am
Quoting TheNoob
{quote} the 1585 is free money...1567 is the only annoying thing here... why speak about 1572?...
Break of 572 is bear enough to be shortable to 67 in range area for scalps.
  • #952,374
  • Jan 21, 2015 3:41am Jan 21, 2015 3:41am
Quoting janpec1000
{quote} Btw Max are you looking for short on 1585? I want to see break of 572 on M1 to start shorting/scalps.
not really, I will wait to see if we get a push up higher prior to ecb now 1628 would be ok 174x best. I don't want to get caught out in low volume moves or enter in the.noise zone time has eroded those opps for me
  • #952,375
  • Jan 21, 2015 3:41am Jan 21, 2015 3:41am
Quoting MaxDoom
{quote} I fancy the long to retest $50.... sorry for delay I was busy being a pain in the ass elsewhere
It can't jump over seller at $48

Can't trade the small $2 - $3 range
  • #952,376
  • Jan 21, 2015 3:43am Jan 21, 2015 3:43am
Quoting Ken A
{quote} It can't jump over seller at $48 Can't trade the small $2 - $3 range
y ranging currently flat but tempted here under 47
  • #952,377
  • Edited 1:37pm Jan 21, 2015 3:46am | Edited 1:37pm
Quoting goldfinch
A messy start of the day with Kuroda giving Draghi a vote of confidence, as if he needed it. Another day of positioning readying for tomorrow. {quote} Risk will have to be born at the State level, there is no other way Germany is going to agree to it. The really interesting point is going to be what to do with the overnight deposit rate, that will have to be hiked, no point in starting QE with a negative rate. The real beneficiaries of the QE will be bunds, DAX, FTSE and of course the US, once QE starts does Draghi really think that the banks will...
He Cloggie, Goudvinkie, ben je terug?
  • #952,378
  • Jan 21, 2015 3:48am Jan 21, 2015 3:48am
Quoting MaxDoom
{quote} not really, I will wait to see if we get a push up higher prior to ecb now 1628 would be ok 174x best. I don't want to get caught out in low volume moves or enter in the.noise zone time has eroded those opps for me
Oh 174x, that would be strong move, considering current ranging movement.
  • #952,379
  • Jan 21, 2015 3:51am Jan 21, 2015 3:51am
Quoting MaxDoom
{quote} y ranging currently flat but tempted here under 47
Will be waiting here, 47 too close to seller at 48

Attached Image
  • #952,380
  • Jan 21, 2015 3:52am Jan 21, 2015 3:52am
Quoting LarryDarrell
{quote} Sisse, one question: you used to post really helpful charts with weekly, monthly levels. Will you by any chance do that again? Would be very much appreciated, but I understand if you don't. Regards, LD
Sorry mate. I decided to stop posting charts here a while ago. Too many free riders, too much time and too little gain for me. .

I hate saying this but too many minions in general. I don't mind about newbies learning but I hate spammers, freelancers marketers just posting to generate traffic, SEO & backlinks and especially hate trolls ...it was a waste of time and energy especially in threads like this (the RUT thread was much better place for decent conversations) that any decent post gets buried in dozen of non sense post in minutes...

In any case, I always follow a good intelligent conversation about technicals or fundamentals (or even a good humour post) so feel free to send me a PM or just open a topic in a post. I will happily follow up...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
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