EURUSD

Watching Bloomberg - Davos Lizards promoting Euro smackdown and greater currency volatility.

If you're not flat, get flat!

I am not flat, I am short

AS PROMISED- THIS IS THE SECOND TIME

Ok, lets get something straight about tomorrow, whether you are new or not....

1. EXPECT broker blackouts
2. EXPECT huge spreads (50+)
3. EXPECT to be stopped out if your SL is not 100 pips +
4. EXPECT a massive swing in BOTH directions
5. DO NOT put in a market order under ANY circumstances. Spread can and WILL screw you without warning

6. FOR GOD'S SAKE DO NOT OVER LEVERAGE. YOU SHOULD BE ABLE TO HANDLE A 100 PIP DRAW DOWN AT LESS THAN 2%

Your brokers have warned you, you saw the shit from SNB, if you go negative- they will get your ass. Don't expect to be forgiven a second time. You're responsible for your account. Do not say you didnt know.

Well finally levels for the news and beyond.

For the news play...

- QE inline of rumours yesterday longs 1.580x (TOM remember the level !!!) to 1.172x. Any other better or a bit worst QE a tradable aggressive long 1.150x to 1.182x with daily/weekly combo.
- QE high or overshoot in QE. 1.167x / 1.172x blind shorts (meaning no time to think about pulling the trigger) shorts to 1.134x/6x area with a strong take profits at 1.143x.

For the swings...

Nothing new on the table so the same as the last 2 weeks....

- With in line with expectations on QE. Only shorts with the trend. Loading areas 1.174x/5x and 1.182x to 1.143x and extension 1.134x/6x.
- With a FLOP or a very poor QE. Longs ONLY after rejection 1.150x to 1.182x with extension 1.1224 ...not chasing ...

Good luck too all trading the news and the next few legs...

sisse

This means you too, Forexia!

15 minutes till the ECB conferences.
Below is the the noted collected in 2015 up till NOW including today EU's Moscovivci comments.

3 QE Options on Table

1. 1. The most likely course is the ECB buys government bonds in amounts proportionate to each euro zone state’s shareholding in the bank.
   
   Objections from the Germany’s Bundesbank to the ECB taking on sovereign credit risk have raised two compromise solutions, as suggested by recent comments from ECB chief economist Peter Praet.
2. National central banks buy the debt of their own governments, so the risk remains with the country in question.
3. The third is the ECB buys only triple-A rated bonds, hoping that investors would turn to the lower-rated debt of weaker euro zone government which, while riskier, offers a better return.
   
   Option 3 is less likely to happen because: If the ECB were unwilling to take on the risk of holding Greek, Italian, Spanish or Portuguese debt, private investors might ask themselves why they should do it.

YES on QE

1. NEWS 1/21 the QE leaks.
2. 1/20/15 Slovak says QE would help eurozone avoid deflation.
3. 1/20/15 Knot says QE is pretty mush a done deal.
   Draghi presented QE plan to Merkel and Schaeuble.
   QE plan won’t include Greek bonds due to rating
4. 1/19/15 Former ECB member Smaghi says ECB must make a decision on QE even if it's not unanimous.
5. 1/19/15 Hollande says ECB will do QE this week.
6. 1/19/15 Bundesbank striving to put limits on QE. It seemed like QE is coming out, and Bundesbank is fighting for its limits.
7. 1/14 SNB took out the 1.2000 benchmark on EUR/CHF hinting ECB would most likely announce QE package on the 1/22 meeting.
8. 1/12 Makuch says ECB ready for sovereign QE if measures applied so far not sufficient.
9. 1/12/15 Majority on ECB council (7 members) in favor of QE.
10. Decision is expected to be made on the next ECB conference.
11. 1/12/15 UBS chairman Weber: Draghi likely to to announce QE on 1/22.
12. 1/12/15 Ignazio Visco, head of Italy’s central bank urges QE as deflation approaches.

NO on QE

1. 1/17/15 Merkel adviser says ECB should be 'patient on QE.
2. Vasiliauskas is very flexible on QE and stated situation in eurozone is NOT particularly good.
3. 1/12/15 IFO Sinn says no need for QE as ECB using deflation as an excuse to help weak nation.
4. 1/09/15 Hansson does NOT support QE as dropping oil price is 'wonderful news' for economy but tricky for inflation expectations.
5. 1/8/15 Coeure says it's too early for QE.

Additional Note Related to QE

1. NEWS 1/22 EU's Moscovivci says wait and see on ECB decision today and also stated
   Draghi like to be predictable but will sometimes surprise
   No leader in Greece wants to exit Eurozone. DEH... there is not an official leader till 1/25, is there????
2. 1/19/15 One of Europe's most influential economists has warned that the quantitative easing measures seen being unveiled by the European Central Bank (ECB) this week could create deep market volatility.
3. 1/19/15 Merkel says this is not a week of destiny for euro.
4. 1/12/15 Nowotny says,
   ECB should do QE sooner rather than later.
   Inflation outlook is is significantly below goal.
   ECB is discussing 'range of options' on QE.
   ECB is far from price stability goal.
5. 1/12/15 ”A senior central bank source”: Greek election may be factor in ECB QE Decision.
6. 1/8/15 'Deflation' was caused by dropping oil price. Low energy helps economy. It's still too early for QE.
7. 12/4/14 QE talk into new year 2015, Jan, but no promise and we need to see more. QE is good for EUR, but lacking promise is bad for it.

Good luck and try NOT to BREAK your account this time, folks.

Ok full margin 1:200 leverage long

uj went back to 118.32 again and failed.. atm sitting above 117.46.... below 117.46 closes could be a rough sign for equities since 114.0x is not touched and the 5k attraction... opposite are also true on non breaks

noooooo they chnged the music...fml

piling up XAGUSD longs,
sky is the limit.

Full

g o h o m e

Bwaaa hahahahahahahaha!

SNB event proved that many do not believe that....

but well done for reminding them

Here here...everyone is warned, but I bet some get caught again.

Have your account capitalised and leverage down people for crying out loud. If you're going to be in the game be able to go for the ride.

Would agree.. anyone trading 4hr and below... sit on your hands... Spike both direction likely...

How much i agree with you, i find it rather ironic that each and every person associates important news directly to a potential repeat of the CHF madness from last week. CHF volatility from last week had a totally different nature. A floor that gets removed without any hint whatsoever and a speech with different outcomes(but to a certain limit) are two completely different things. Keep in mind CHF had a FIXED level that was protected for months. A fixed level clearing is much more dangerous for gaps to happen.

see u next time

I am offering 49.09

im overleveraged and got my man scarf on... Ready to rock