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  • #952,901
  • Jan 22, 2015 6:41am Jan 22, 2015 6:41am
Quoting Magicmen
{quote} Yes. 1.1836.
Sorry i misread it before! im thinking about putting in a pending order from 1.17 till 1.1800. Good luck and happy trading
  • #952,902
  • Jan 22, 2015 6:44am Jan 22, 2015 6:44am
I am not expecting a rate hike so here are the 3 FA scenarios for ECB.

Much has been talk already. IMO only 2 factors to track:

1. Size
2. What bonds

I just chewed down in 3 digestible scenarios for trading in order of priority:

1. In line with expectations: Anything from 400B to 750B will do the trick with a proportional participation of bonds buying depending on weightin the ECB
2. Overshoot: Anything beyond 1 trillion
3. Flop: No QE or a very timid ECB

So next after the rate decision how it translate for trading levels...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #952,903
  • Jan 22, 2015 6:44am Jan 22, 2015 6:44am
What will be the most sensible thing to do on EURUSD?

Wait and See, stop trading today, and follow the trend from tomorrow
** only gamblers will do trade today, as even your 10pip stoploss might requote over 300pips
  • #952,904
  • Jan 22, 2015 6:44am Jan 22, 2015 6:44am
Quoting sisse
First, all related markets pre announcement except euro itself are sitting in very nice areas for a QE in line with expectations. Goldhttp://cdncache-a.akamaihd.net/items...rrow-10x10.png starting to move pre-emptively already for an inline with expectations QE from key R at 1300.x. Only a massive surprise will crack much further high from that area. Using DAX for benchmark in equities in this move is sitting at all time highs. Ticks away from a key extension target (we are trading ALL...
hey bro
what about a rate cut
any chance that they will not do any thing and leave market in a mess




no change in rate

more news later
  • #952,905
  • Jan 22, 2015 6:45am Jan 22, 2015 6:45am
Started...
Without an edge MM is useless!
  • #952,906
  • Jan 22, 2015 6:46am Jan 22, 2015 6:46am
Quoting goldfinch
{quote} . They are in full preservation mode. Putting any order in anywhere won't mean it won't get filled hundreds of pips from where you wanted it, putting both sell and buy orders in could mean you could be down a few hundred pips at once as the one gets filled at a stupid rate and the other gets stopped at an even sillier level. There is only one trade here: NO trade. Today is not the last day in your trading career, why risk making it the last? So you can have some bragging rights on a forum like this? Who cares, your first responsibility should...
Altough i appreciate what you are saying i would still say that this is a matter of opinion. This is nothing like SNB. If anything i still see the same patterns we had as when draghi spoke in december. What happened with SNB was completely different case of unexpected market volatility.
  • #952,907
  • Jan 22, 2015 6:46am Jan 22, 2015 6:46am
So bid rate remains ...
Fix up, trade sharp ...
  • #952,908
  • Jan 22, 2015 6:47am Jan 22, 2015 6:47am
Quoting Citiboy
Pending orders is suicide for this situation....


Yea..... its illiquid as hell
Twitter: @TrendersGame
  • #952,909
  • Jan 22, 2015 6:47am Jan 22, 2015 6:47am
Quoting kill56
{quote} hey bro what about a rate cut any chance that they will not do any thing and leave market in a mess
Done bro. Nothing. ECB OFFICIALLY confirmed that QE will be announced in the conference so lets get ready for the fireworks.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #952,910
  • Jan 22, 2015 6:47am Jan 22, 2015 6:47am
Quoting forexhints
What will be the most sensible thing to do on EURUSD? Wait and See, stop trading today, and follow the trend from tomorrow
correct.
  • #952,911
  • Jan 22, 2015 6:48am Jan 22, 2015 6:48am
lol thats bullshit
  • #952,912
  • Jan 22, 2015 6:49am Jan 22, 2015 6:49am
Quoting goldfinch
{quote} Only a desperate gambler would trade the QE announcement. It isn't just QE that gets decided, we have the LTRO, the TLTRO, the overnight rate, the amount, the start date, what it entails government paper (what paper, which duration, what quality), corporate bonds, who will buy it (ECB direct or individual CB's). You can write a matrix with thousands of outcomes and still not cover it all. There are 24 members of the board with 24 opinions, then to top it of we have Germany in the wings. There is nothing saying that Draghi won't actually...
Well said, Finch. People would be wise to listen.
check out my blog: forexmademillionaire dot com
  • #952,913
  • Jan 22, 2015 6:50am Jan 22, 2015 6:50am
Any predictions? Any soothsayers out there?
  • #952,914
  • Jan 22, 2015 6:50am Jan 22, 2015 6:50am
game start...............
  • #952,915
  • Jan 22, 2015 6:52am Jan 22, 2015 6:52am
if you are worried about slippage do what I've done and use options instead. perfect for trading volatility. you have fixed risk up front and potentially unlimited gains.
sure you pay a risk premium but if you are confident the market will go your way it doesn't matter.
  • #952,916
  • Jan 22, 2015 6:53am Jan 22, 2015 6:53am
This is spartaaaaa!
  • #952,917
  • Jan 22, 2015 6:54am Jan 22, 2015 6:54am
Quoting Jhonllery
This is spartaaaaa!
ROFL :-)

Wait till the whites of it's eyes lads and for god sake don't release early :-)
  • #952,918
  • Jan 22, 2015 6:54am Jan 22, 2015 6:54am
Conference starts. Mario: "Welcome". ->>>> Trader: He didn't say Hi, SELLLL!!21!!
  • #952,919
  • Jan 22, 2015 6:55am Jan 22, 2015 6:55am
Quoting sisse
{quote} Done bro. Nothing. ECB OFFICIALLY confirmed that QE will be announced in the conference so lets get ready for the fireworks. sisse
yop

any way i think it will not be that massive for the market to go crazy,

and what a 11000 eu will do to the ezone
  • #952,920
  • Jan 22, 2015 6:56am Jan 22, 2015 6:56am
300 pip up gold spike soon?

Btw anyone minds to post link to ECB confernce. Thanks.
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