Central Banks Watch | Page 15 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Central Bank Watch 50 replies

FOREX banks to watch list 4 replies

Are Central Banks driving the World Economy into recession? 27 replies

Central Banks interest rate 1 reply

What are "Interest Rates" that central banks announce. 3 replies

Attachments: Central Banks Watch
Exit Attachments

Central Banks Watch

  • #281
  • Jul 15, 2006 1:07pm Jul 15, 2006 1:07pm
Mr. Trend...your words are the words of a true trader. Very good advice given to anyone reading this thread. Leave the news to the speculators and the trading to the traders...

And to anyone else reading this thread, if you are going to trade the news, have a plan of action in place that will keep you one step ahead of ANY foreseeable outcome.

As I am still kinda new to FF I would like to scribble down my appreciation of FF and all ppl involved here.


take care ppl...
  • #282
  • Jul 15, 2006 5:30pm Jul 15, 2006 5:30pm
Quoting Mr Trend
I hate to sound rude, but it seems like there's about two or three threads today on the BOJ rate announcement, and everyone I see on these threads except for a couple of folks are in what I call, the "gambler's mindset".

Listen folks -- you have NO idea where price is going to go. So why do you care?

To succeed you have to give up the notion of trying to predict the market. And until you realize that, you will consistently be a loser.

I've been there, done that.

All I see is, "So where do you think it's going to go?" or, "So how many pips is it going to go?"

Ya know what that means when you ask that? It means that you're not going to go into the trade with a plan. Instead, you're relying on speculation of what people on a forum think is going to happen. And they have no idea neither.

It's all cool to talk about rate hikes in general conversation, but I can guarantee that the things people are saying today will have an impact on people's trading decisions. People come into forums and see a bunch of people saying, "Oh the yen is DEFINITELY bullish!", and subconsciously, whether they know it or not, that will push them in that direction when the rate is announced.

And then what happens if it jumps a measly 20 pips, but then whipsaws back for 35, takes out your stop, then reverses back down for 100? What do you do? Have you moved your initial stoploss to breakeven if you're trading this on short term intervals?

Do you have a plan?

Think about that folks. (And no, you don't have a plan if you have to ask people where it's going to go and how many pips it's going to go...and if that's the case, you should not be trading.)

Ok... I'm done ranting.
That's all fine and dandy but saying that the THREADS MUST GO! is a little on the totalitarian side...let people say what they want to say. if you don't like the thread then don't read it..simple as that
  • #283
  • Jul 16, 2006 12:14am Jul 16, 2006 12:14am
Quoting Darkstar
I would make an attempt, but you need to rephrase the questions. I don't understand what your asking...
What i mean is.. supposed the pair ?/yen downtrend after BOJ but it is Uptrend.
Anyway, just forget about it. Lot's of people don't like someone to talk about news. Maybe FF need to remove the forex calendar and all start to trade using TA.
Forgive me
  • #284
  • Jul 16, 2006 7:31pm Jul 16, 2006 7:31pm
Wow...

And while we're at it let's get rid of the First Amendment guarantee of free speech, free press, free association. Why don't we all say the same thing and forget tolerating those with whom we disagree.

Great thing about free market capitalism; if you're unsuccessful, your capital disappears and your commentary (unwanted or otherwise) will disappear with you. Money talks, bu**s**t walks. It's a survival of the fittest kinda thing, you know?

Just information; not a recommendation.
  • #285
  • Aug 2, 2006 8:34am Aug 2, 2006 8:34am
who is the brave soul who will be trading these ECB and BOE interest rate statements? should be a wild ride!!!!
Relax and be happy.
  • #286
  • Edited 8:53am Aug 2, 2006 8:49am | Edited 8:53am
Im sure all the "forex bastards" will be trying to take advantage of that one. personally I dont think its gonna move all that much, since all larger players are already focusing on NFP.
  • #287
  • Aug 2, 2006 9:09am Aug 2, 2006 9:09am
yes the market is in heavy anticipation of NFP, but it will not ignore these statements, i am expecting the reaction to be pretty crazy, but we shall see...
Relax and be happy.
  • #288
  • Aug 2, 2006 9:12am Aug 2, 2006 9:12am
Is BOE expected to hike tomorrow ? I dont believe so, maybe the market is priced in this, but if rates will stay to 4.5 maybe im going short


ECB I guess is already priced in , as FED move , as always, is unknow..
  • #289
  • Aug 2, 2006 9:19am Aug 2, 2006 9:19am
BOE might hike, there is a small chance.

btw, you have realize with these rate hikes, the volatility comes from the statment, not the interest rate change. the rate change is usually priced in, its the comments that are in the statement that get the party started!
Relax and be happy.
  • #290
  • Aug 2, 2006 9:36am Aug 2, 2006 9:36am
No thanks. Too much crazy volatility that could whipsaw like crazy.

As usual, my sights are on NFP. I live for this day.
Mr. Trend
  • #291
  • Aug 2, 2006 9:44am Aug 2, 2006 9:44am
Quoting Mr Trend
As usual, my sights are on NFP. I live for this day.
LOL! i love it!
Relax and be happy.
  • #292
  • Aug 2, 2006 9:46am Aug 2, 2006 9:46am
Quoting merlin
LOL! i love it!
Fa' sho'!
Mr. Trend
  • #293
  • Aug 2, 2006 9:51am Aug 2, 2006 9:51am
Quote
=As usual, my sights are on NFP. I live for this day.

NFP Looks like A piece of cake.
Charting Markets into the Future...MǎҖ€¥.
  • #294
  • Aug 2, 2006 9:55am Aug 2, 2006 9:55am
three cheers for NFP!

hoorayyyy!
  • #295
  • Aug 2, 2006 10:15am Aug 2, 2006 10:15am
I play them sometimes if I see consolidation on 15 min. Set orders on both sides with adequately placed trailing SL. Sometimes I catch the wave… <o> </o>
  • #296
  • Aug 2, 2006 10:18am Aug 2, 2006 10:18am
Quoting Mr Trend
Quoting Merlin
LOL! i love it!
Fa' sho'!
NFP is da s**t!
-soso
  • #297
  • Aug 4, 2006 6:30am Aug 4, 2006 6:30am
what happened?

Why did BoE spike and not ECB?
Is so simple that everybody was waiting for the ECB speach?

How often is it that the ECB do not spike?

thx
  • #298
  • Aug 4, 2006 6:43am Aug 4, 2006 6:43am
The BoE announced an unexpected interest rate hike, the ECB did not. Obviously, the EUR/USD has enough bearish sentiment to discount the GBP move.
  • #299
  • Aug 10, 2006 11:15pm Aug 10, 2006 11:15pm
Do You think JPN BOJ Interest Rate Statement expected rate is .25 %, will go up, or down?
  • #300
  • Aug 11, 2006 3:25am Aug 11, 2006 3:25am
General consensus I think was that they would keep the current rate...and they did.

I was hoping that they would do otherwise so I straddled at 30 pips away just in case for a surprise.
I guess it was too early for Christmas...

The funny thing, though it's probably the same way all the time for this particular news from Japan, was that the news was released almost an hour early.

Spa
0 traders viewing now