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  • #952,621
  • Jan 21, 2015 11:25am Jan 21, 2015 11:25am
Quoting fxjorr
{quote} i am noob

They invented something called google, you should try it. You can find allsorts.
A contrarian; I always disagree.
  • #952,622
  • Jan 21, 2015 11:27am Jan 21, 2015 11:27am
Quoting goldfinch
{quote} 1564 has little relevance but even if it did, it wasn't broken, only tested. Semantics, but they are what matters. You got to be a pedant to be a trader, close is never good enough.
Just saying...I wouldn't want to be long ahead of tomorrow...when we can easily drop 200-300 pips within few hours.
Everyone can see the chart, but only a few can actually read it.
  • #952,623
  • Jan 21, 2015 11:29am Jan 21, 2015 11:29am
Quoting OnlineAddict
{quote} Just saying...I wouldn't want to be long ahead of tomorrow...when we can easily drop 200-300 pips within few hours.
We have been talking about EUQE for months, do you really think that every trader is going to wait for tomorrow to trade that titbit of info? The only thing we are going to trade tomorrow is what is outside the norm, the rest we have been doing for months.

There is no QE trade tomorrow, there is only the trade of the outlier.
A contrarian; I always disagree.
  • #952,624
  • Jan 21, 2015 11:31am Jan 21, 2015 11:31am
Quoting goldfinch
{quote} We have been talking about EUQE for months, do you really think that every trader is going to wait for tomorrow to trade that titbit of info? The only thing we are going to trade tomorrow is what is outside the norm, the rest we have been doing for months. There is no QE trade tomorrow, there is only the trade of the outlier.
I don't know what happens tomorrow, but with the recent downmove, for me 1615 is as high as it gets until ECB, maybe not even that.
Everyone can see the chart, but only a few can actually read it.
  • #952,625
  • Jan 21, 2015 11:32am Jan 21, 2015 11:32am
Quoting goldfinch
{quote} ... QE is too late, by about 4 years just don't tell the South that. I would have preferred 800Bn, that is a quarter of the issue and would have made a bit more sense, guess the Bundesbank went across town and told the board to limit the easing or else they would be going back to court.
Spot on..solid analysis. Best post in this thread in a very long timr. 2 thumbs up.Sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #952,626
  • Jan 21, 2015 11:34am Jan 21, 2015 11:34am
people....has super mario...ever...but ever... let you down?
  • #952,627
  • Jan 21, 2015 11:36am Jan 21, 2015 11:36am
Quoting goldfinch
{quote} We have been talking about EUQE for months, do you really think that every trader is going to wait for tomorrow to trade that titbit of info? The only thing we are going to trade tomorrow is what is outside the norm, the rest we have been doing for months. There is no QE trade tomorrow, there is only the trade of the outlier.

Yeh, tomorrow will be traded only extreme X or -X of QE after directional move, well at least thats way i will approach it. Too much was priced in already on downside thats main problem.
  • #952,628
  • Jan 21, 2015 11:37am Jan 21, 2015 11:37am
Quoting goldfinch
{quote} They invented something called google, you should try it. You can find allsorts.
thank you
  • #952,629
  • Jan 21, 2015 11:44am Jan 21, 2015 11:44am
Staying away until next week, because tomorrow => , and the day after tomorrow => Friday .
Attached Image(s) (click to enlarge)
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f(z)=z2+c
  • #952,630
  • Jan 21, 2015 11:44am Jan 21, 2015 11:44am
Quoting sisse
{quote} Spot on..solid analysis. Best post in this thread in a very long timr. 2 thumbs up.Sisse

The problem with 600Bn a year is that it only covers 15% of the 10yr paper, when the UK initiated its QE it did as much at once in an economy that was a tenth of the size, when the US started they bought all the monthly issue of MBS and then switched to all the long paper they could get their hands on. It made a difference there, it won't here.

It is too little too late and that is the crux of the problem in the EU, it has no power, authority or mandate to act when needed. This is a political easing and years from now when Draghi writes his memoirs he will say so.

Draghi is good at playing the political game, he has twice achieved more with words than action, first to "defend the euro at all cost" now with QE, both of those were achieved without putting a cent on the table. 50Bn a month is chickenfeed and if he buys the right paper he will actually turn a profit on it.
A contrarian; I always disagree.
  • #952,631
  • Jan 21, 2015 11:46am Jan 21, 2015 11:46am
EURUSD is still in a very uncertain position, it doesn't have power to move either up or down. Tomorrow ECB meeting will add some power to one of this direction and I think that ECB will disappoint the market as it was many times so far. 100 pips up is quite possible.
  • #952,632
  • Jan 21, 2015 11:52am Jan 21, 2015 11:52am
nothing is certain, Mario can rise or drop Euro with hundreds set pips... only big variability is certain...
I wish you a lot of pips tomorrow...
or beer and chips, and watch the show with the side
  • #952,633
  • Jan 21, 2015 11:57am Jan 21, 2015 11:57am
Quoting goldfinch
{quote} I was a bit harsh, this is a trading thread that moves at lightning speed sometimes, not really the right place to learn.
believe me is my favourite thread, I learned almost everything here.
  • #952,634
  • Jan 21, 2015 11:57am Jan 21, 2015 11:57am
Quoting hathor
Staying away until next week, because tomorrow => , and the day after tomorrow => Friday . {image} {image}
And during the weekend elections in Greece. Monday, the direction will be much clearer.
Everyone can see the chart, but only a few can actually read it.
  • #952,635
  • Jan 21, 2015 11:58am Jan 21, 2015 11:58am
tomorrow is the big day I guess it's normal for today the market to be dead
  • #952,636
  • Jan 21, 2015 12:07pm Jan 21, 2015 12:07pm
Quoting sherifFares
tomorrow is the big day I guess it's normal for today the market to be dead
I wouldn't call 138 pips today dead when the average for last month was 94 a day.
A contrarian; I always disagree.
  • #952,637
  • Jan 21, 2015 12:08pm Jan 21, 2015 12:08pm
Quoting fxjorr
{quote} believe me is my favourite thread, I learned almost everything here.
Dear 'fx's lady':
http://es.wikipedia.org/wiki/Expansi...n_cuantitativa
http://en.wikipedia.org/wiki/Quantitative_easing
f(z)=z2+c
  • #952,638
  • Jan 21, 2015 12:13pm Jan 21, 2015 12:13pm
Quoting OnlineAddict
{quote} And during the weekend elections in Greece. Monday, the direction will be much clearer.
Almost forgot elections...weekend => 10000 x ...
f(z)=z2+c
  • #952,639
  • Jan 21, 2015 12:14pm Jan 21, 2015 12:14pm
Quoting OnlineAddict
{quote} And during the weekend elections in Greece. Monday, the direction will be much clearer.

i dont understand why everyone is afraid of greek elections....

two extra brokers went on leverage limits due to this event... + i know another 1 who is going to probably announce it after ecb and others considering it...

doesnt make sense...
  • #952,640
  • Jan 21, 2015 12:16pm Jan 21, 2015 12:16pm
Quoting hathor
{quote} Dear 'fx's lady': http://es.wikipedia.org/wiki/Expansi...n_cuantitativa http://en.wikipedia.org/wiki/Quantitative_easing
thanks hathor, indeed i was reading just the same second link. very kind of you.
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