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  • #952,861
  • Jan 22, 2015 5:29am Jan 22, 2015 5:29am
Quoting KarlHakan
If the QE is announced and will be implemented. Shouldnt EURUSD rally up? I dont understand why shorting here then.
Because 'printing' always lowers the value of the 'company', here the company is EU and the value is the currency. Same rule applies on stock exchange.
  • #952,862
  • Jan 22, 2015 5:30am Jan 22, 2015 5:30am
Quoting giveachance
no one is talking abt the stock markets. when is the balloon going to deflate??? I am short DAX since yesterday and waiting to see what ECB does. It looks like we have a less QE coming and details will be more imp.
Will be interesting event.

In case stimulus is less than 500bn and/or details are not decided yet, there may happen big drop on stocks and usdjpy. This leads to eurusd rise, could be up to 1.1750/1.1800 aroundbouts.

Other than that if it matches between 500-1000bn, may see a spike upside and then sell-off on eurusd.
They think they are smarter than I am.
  • #952,863
  • Jan 22, 2015 5:32am Jan 22, 2015 5:32am
Quoting janpec1000
{quote} Not exactly the same i agree with your point regarding fiat system, but there is still difference in USD and EUR. USD is reserve currency, which allows massive benefits to US economy, or rather to say US financial system as whole, while EUR does not pose this advantage and is therefore in weaker position. But then again from other perspective i could negate myself aswell. Globalists leading US fin empire want to see EU holding well, and since EUR is in same fiat basket system that USD is one could say its all the same system, this is backed...
Yes you have a point there, about USD being reserve currency: There is more at stake to have the USD in the toilette then to have the euro in the toilette. That dont mean the USD is safe though. Also, thinking inductive the USD is safer then the euro though. Euro has only been around for some 20 odd years, while king dollar has been around quite a bit longer.
My signature is: "Classified".
  • #952,864
  • Jan 22, 2015 5:36am Jan 22, 2015 5:36am
Quoting Z3iz3i
{quote} Will be interesting event. In case stimulus is less than 500bn and/or details are not decided yet, there may happen big drop on stocks and usdjpy. This leads to eurusd rise, could be up to 1.7750/1.1800 aroundbouts. Other than that if it matches between 500-1000bn, may see a spike upside and then sell-off on eurusd.
Yeap. I kind of agree with your general views. In my case, i have drop down the scenarios in three chewable options for the "news move" but before going there definitively tracking equities at these levels as a catalyst for the major swing.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #952,865
  • Jan 22, 2015 5:41am Jan 22, 2015 5:41am
Best of luck all :-)

Attached Image (click to enlarge)
Click to Enlarge Name: ECB Announcement.JPG Size: 178 KB
  • #952,866
  • Jan 22, 2015 5:45am Jan 22, 2015 5:45am
Quoting Copernicus
Best of luck all :-) {image}
  • #952,867
  • Jan 22, 2015 5:46am Jan 22, 2015 5:46am
Pending orders is suicide for this situation....
Twitter: @TrendersGame
  • #952,868
  • Jan 22, 2015 5:48am Jan 22, 2015 5:48am
Quoting Feela
{quote} IF it breaks 1.1680 then be ready for retirement
My today's target is 1836 only
  • #952,869
  • Jan 22, 2015 5:52am Jan 22, 2015 5:52am
Quoting fxtyrant
{quote} BOJ, ECB, FED, BOC, PBOC, RBA, RBNZ, BOE, etc etc <- Biggest of the Biggest boys... BIS, IMF..... <- Supranational big boys. HSBC, JPM, GS, CS, DB, CITI, UBS etc etc.... <- Multinational Big Boys. Hedge Funds, Large Corporates <- Large Specs. FX Retail Margin Trading clients, Retail Banking Clients <- Small specs Bank Depositing Clients <- Risk averse small specs this should give you an idea of the food chain.... so if you manage to interpret the BIGGEST of the BIGGEST boys and their tone, you can actually walk away making money in forex......
i thought exactly the same thing..but was proven wrong on the latest CHF move. if you look at the COT chart, the commercials (or the big boys as you name then) were record long chf in the last 5 years.

and then after the move all the big banks lost money on their CHF position. yes, including Goldman. if you don't believe it, check it on zero hedge, lots of articles on this topic. so banks were short CHF and commercials were long... so big banks are actually not the big boys

central banks, SNB in this case, are also not big boys, since they were too short CHF.

unless you have some other info. but you will have to provide some links...

p.s.: someone please quote me since i think i'm on tyrant's ignore list
Everyone has a plan 'till they get punched in the mouth.
  • #952,870
  • Jan 22, 2015 5:52am Jan 22, 2015 5:52am
Quoting Tom_D_Trader
{quote} So far the best advice here. Maybe week should do. Btw, I dont want to be cocky, but I have already won! Although slept half an hour and lost 0,5% on UJ - I have passed another exams this morning . Damn am gonna be so smart.
dont get me wrong bro, some people like the risk thrill, I just not sure whether they appreciate forex dynamics, rarely give the opportunity to manage any trade in high volatility periods like this nfp etc

eu has been in steep diving mode since early last year with only one feeble bullish monthly candle june (debatable) and so far this week she has ground sideways, so there are clues but not in anything under dailly

Persoanlly for now I m thinking rr is long but rr dosnt work with high volatility, so the question is, " is it worth the risk"?
Trading these events, the trade set up should of been in the planning for some weeks nowwith positions already in place, but again when shes been dumpin so hard for so long it pricky tricky trying to get any sort of advantage

A bounce even a decent one would be good for bears obviously not ones trying to enter now I have 2 markers above 1643 and 2131, below only forex god knows maybe 1154 then 0666, seems big numbers but considering chf debacle any thing is possible
If you are new to Forex? Say Goodbye to your account!!
  • #952,871
  • Jan 22, 2015 5:56am Jan 22, 2015 5:56am
Link for the ECB announcement later?
Read the entire market, money is made on the main trend not the fluctuation
  • #952,872
  • Jan 22, 2015 5:59am Jan 22, 2015 5:59am
Quoting Citiboy
Pending orders is suicide for this situation....
Why?
  • #952,873
  • Jan 22, 2015 6:01am Jan 22, 2015 6:01am
Quoting Magicmen
{quote} I will retire if that happens
If 1.25 touches .. even i am gonna retire
Re-Incarnated
  • #952,874
  • Jan 22, 2015 6:03am Jan 22, 2015 6:03am
stop orders are worthless ATM. If you have buy @ 1.157x or sell @ 1.167x set the sl @ BE otherwise dont plan for new entries during the high volatile news release.
Read the chart... Fundies are catalyst...
  • #952,875
  • Jan 22, 2015 6:04am Jan 22, 2015 6:04am
Quoting janpec1000
{quote} Why?
Draghiboy is on speed pre conference. Clicks faster than computer gives orders and also dodges spread.
"I know one thing, that I know nothing." Sokrates
  • #952,876
  • Jan 22, 2015 6:07am Jan 22, 2015 6:07am
This is that triangle zoomed in...notice rejection at the top of the trend...I think we're going down guys
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-01-22_6-05-21.png Size: 41 KB
Good luck and may the odds be ever in your favor!
  • #952,877
  • Jan 22, 2015 6:07am Jan 22, 2015 6:07am
Quoting dbutton1990
This is that triangle zoomed in...notice rejection at the top of the trend...I think we're going down guys {image}
or we could just break out lol
Good luck and may the odds be ever in your favor!
  • #952,878
  • Jan 22, 2015 6:08am Jan 22, 2015 6:08am
Quoting Citiboy
Pending orders is suicide for this situation....
How?
  • #952,879
  • Jan 22, 2015 6:09am Jan 22, 2015 6:09am
Small short with tight SL is best choice for now.
Without an edge MM is useless!
  • #952,880
  • Jan 22, 2015 6:10am Jan 22, 2015 6:10am
Quoting Magicmen
{quote} My today's target is 1836 only
Are we talking about the Eur/Usd currency here?
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