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  • #970,121
  • Mar 17, 2015 5:03pm Mar 17, 2015 5:03pm
Quoting KGP
{quote} {quote} and the bottom is not reached yet
I have no clue mate. Am mere observer to Oil and actually pretty surprised. But so what, is a political tool, so I gave up on Oil FA some time ago. As far as it is supporting USD king, am fine with that move

I would just prefere it to pull that Aussie down
"I know one thing, that I know nothing." Sokrates
  • #970,122
  • Mar 17, 2015 5:13pm Mar 17, 2015 5:13pm
Quoting sisse
{quote} Massive day across the board in terms of technical data before the FOMC but dollar (currencies in general) subdue today because they will be the centre of the Storm tomorrow. In the first round of key closes, oil and gold with massive swing formations in play but both with strong bullish intraday closes for the FOMC. For those asking about basic correlations, a bullish close hint in those implies a NO RATE HIKE FED play Oil breaking back the $45 handle will open $60/62.xx in a relatively quick choppy move (on no hikes) to complete the dead...
what most think or position for. compared what the fed does is still a gamble. i listened to a few former members today. the consensus was hawkish because at zero the pistol is mt. being in one of the longer cycles w/o a recession has some worried with a lack of bullets. the consensuses was to get some bullets. close was above 0586.... the open was below. someone pushed it below 0586 between ticks
those who can, do. those who cant, talk about those who can
  • #970,123
  • Mar 17, 2015 5:13pm Mar 17, 2015 5:13pm
Quoting Tom_D_Trader
{quote} I have no clue mate. Am mere observer to Oil and actually pretty surprised. But so what, is a political tool, so I gave up on Oil FA some time ago. As far as it is supporting USD king, am fine with that move I would just prefere it to pull that Aussie down

i would just prefer tomorrow a 0.001% rate hike from FED... to have some fun ;-)
  • #970,124
  • Mar 17, 2015 5:14pm Mar 17, 2015 5:14pm
Tomorrow...Yellen stepping up to the microphone: "Patience"...(EUR: 1.08 spike)..."Just Kidding, maybe June" (EUR: parity)
Too close for pips, switching to points.
  • #970,125
  • Mar 17, 2015 5:18pm Mar 17, 2015 5:18pm
Quoting Mairan
I am going to reload my account with 5k and will follow fxtyrant.. Anybody else with great statistics like you whoom I can follow?????{quote}
Would be a killer mirror option to follow gator, sisse, tyrant and maxdoom's trades... but I still think it's best to follow nobody (blindly) and just walk your own path. Of course it's very useful to read good posts and get the best of those to get better trades, but still just following as in copying? I wouldn't recommend it. You are still the trader of your money and you are still responsible when you lose it.
  • #970,126
  • Mar 17, 2015 5:18pm Mar 17, 2015 5:18pm
Quoting gatorinla
{quote} if she is going to 068x.. 0585 should happen before. and to get to 068x she would need to get above 0627 ish.. lack luster move atm... at 0585, its below 0586.. closes below 0586 can trap it
* between close and open ticks, someone held this under the surface.
those who can, do. those who cant, talk about those who can
  • #970,127
  • Mar 17, 2015 5:22pm Mar 17, 2015 5:22pm
Quoting KGP
{quote} {quote} and the bottom is not reached yet
I am blown away that Oil has dropped this far this soon!!!!
  • #970,128
  • Mar 17, 2015 5:23pm Mar 17, 2015 5:23pm
Quoting KGP
{quote} i would just prefer tomorrow a 0.001% rate hike from FED... to have some fun ;-)
Haha, ofc they wont do anything. Is just a game with words and hints of a hike timing.

Also, am not sure if they really need to do any kind of "hike". I have stated so already few times. Withdrawal from monetary expansion can have many roads and "hike" is just a most common term for withdrawal. For example I think they still cant withdraw from MBS purchases, as I dont consider real estate market stable in any timeframe. Ok, due to ECB QE, I invest some in Europe real estate, but just for a year and half or so. Currently real estate seems waking up, but those cash CBs are pumping in are just omg. We could assume they should slowly withdraw out of bond purchases, as ECB is now taking the lead in these and EU+US bonds are ofc correlated. Also BoJ doesnt seem to be slowing down with purchases. True hike will burn a) stocks b) private enterprises. Am not sure US is on strong enough feet to sustain private sector slump just after it woke up. They are sending us very good numbers from all US agencies, trying to convince market all is rosy, but I am not sure. I would need to look in there how it actually looks like . I generally dont trust numbers, and though Oil price is megaboost for US, is in very unhealthy levels and hard to expect it is gonna stay here in long run.
"I know one thing, that I know nothing." Sokrates
  • #970,129
  • Mar 17, 2015 5:26pm Mar 17, 2015 5:26pm
Quoting Thepipster
Tomorrow...Yellen stepping up to the microphone: "Patience"...(EUR: 1.08 spike)..."Just Kidding, maybe June" (EUR: parity)
I can just see her, like a Roman emperor (Little Boots?) standing there grinning, holding her thumb out horizontally, ever so slightly moving it first up a little, then down a little.... back and forth as he laughs hysterically watching the charts spike up, down, up, down, up, down...
  • #970,130
  • Mar 17, 2015 5:27pm Mar 17, 2015 5:27pm
Quoting Tom_D_Trader
{quote} Haha, ofc they wont do anything. Is just a game with words and hints of a hike timing. Also, am not sure if they really need to do any kind of "hike". I have stated so already few times. Withdrawal from monetary expansion can have many roads and "hike" is just a most common term for withdrawal. For example I think they still cant withdraw from MBS purchases, as I dont consider real estate market stable in any timeframe. Ok, due to ECB QE, I invest some in Europe real estate, but just for a year and half or so. Currently real estate seems...

well i was just making a "funny" comment... the market algos even counts the number of words to "judge" if its in favor of USD or not and to what extend... so imagine a tini tiny rate hike tomorrow (very low possibility...if any) what will cause at the current moment ...

just to lighten the mood and enjoy the free time i currently have
  • #970,131
  • Mar 17, 2015 5:29pm Mar 17, 2015 5:29pm
Quoting Tom_D_Trader
{quote} Not only this, but also send 4K USD to London just for Daxie trades, so I keep it separate from main account. Think I am gonna make trade explorer out of it. Hardly ever such a chance to trade this kind of bubble. Cleared most pre close, now holding just a few. Wanna load @ LO open. I was waiting whole day for 12000 test. I actually dont enjoy buying megahighs . Am quite happy market corrected. Nevertheless, tomorrow it can hurt.
There's that gap still open ... it comes in at 11'903.33 in the spot market , today's low was 11'930.54 ... they may wanna fill it first

Attached Image
Hear the music before the song is over ...
  • #970,132
  • Mar 17, 2015 5:34pm Mar 17, 2015 5:34pm
Quoting KGP
{quote} well i was just making a "funny" comment... the market algos even counts the number of words to "judge" if its in favor of USD or not and to what extend... so imagine a tini tiny rate hike tomorrow (very low possibility...if any) what will cause at the current moment ... just to lighten the mood and enjoy the free time i currently have
I know it was a joke. I also expect, should they wanna do hike, they start with little wannabehike, just to test waters.

Quoting GlobalMacro
{quote} There's that gap still open ... it comes in at 11'903.33 in the spot market , today's low was 11'930.54 ... they may wanna fill it first {image}
Think Delta is waiting at 11825.
"I know one thing, that I know nothing." Sokrates
  • #970,133
  • Mar 17, 2015 5:46pm Mar 17, 2015 5:46pm
Quoting Bmitchell
{quote} I am blown away that Oil has dropped this far this soon!!!!
its not just oil dropping alone. its the usd rising. that's why comparing oil prices are irreverent to today's market conditions, to times when fed devalued usd. before the fed started cutting rates pre 911 oil was 23$ or less. this was when u.s. was importing most oil, so 23 was at a premium.. today has less premium because of less influence from cartel with more domestic production . at the same time less printing forecast. and less fake demand. today's price should include domestic production w/o cartel premium. oil needs a reset. the usd needs a reset.. both are in progress irt.. the world needs a 40 year reset. it will not be pretty. some deflation needs to happen
those who can, do. those who cant, talk about those who can
  • #970,134
  • Mar 17, 2015 6:20pm Mar 17, 2015 6:20pm
Light Crude and Brent Crude not in sync at the moment.
Although they both haven't left the consolidation zone yet, Light Crude is bottom-heavier.
Contract spread is at 1078 ticks right now.
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Hear the music before the song is over ...
  • #970,135
  • Mar 17, 2015 6:25pm Mar 17, 2015 6:25pm
hi please can anyone tell me tht should i buy eurusd rite now or sell like which way its gona go for next few hours i m really depressed and sad i have lost all my money m really close to have no money left. its all my fault i didnt follow any rules and didnt learn forex well just guessed when opening trades and always lost money. rite now i put some money in my account and want to strt fresh and hopefully i will recover some money and if anyone of you who is experienced can help me tht would be great
  • #970,136
  • Mar 17, 2015 6:28pm Mar 17, 2015 6:28pm
Quoting afroz
rite now i put some money in my account and want to strt fresh and hopefully i will recover some money and if anyone of you who is experienced can help me tht would be great
Am also pro in facking up. Just have a break sooner then heartattack and prepare tradeplan. Thats all. You need sharp mind. If depressed, you make wrong decisions. Gotta sleep, gotta rest, gotta eat.
"I know one thing, that I know nothing." Sokrates
  • #970,137
  • Mar 17, 2015 6:43pm Mar 17, 2015 6:43pm
Quoting afroz
hi please can anyone tell me tht should i buy eurusd rite now or sell like which way its gona go for next few hours i m really depressed and sad i have lost all my money m really close to have no money left. its all my fault i didnt follow any rules and didnt learn forex well just guessed when opening trades and always lost money. rite now i put some money in my account and want to strt fresh and hopefully i will recover some money and if anyone of you who is experienced can help me tht would be great

https://www.tradingfloor.com/posts/a...-traps-4008768
  • #970,138
  • Mar 17, 2015 6:54pm Mar 17, 2015 6:54pm
Quoting afroz
hi please can anyone tell me tht should i buy eurusd rite now or sell like which way its gona go for next few hours i m really depressed and sad i have lost all my money m really close to have no money left. its all my fault i didnt follow any rules and didnt learn forex well just guessed when opening trades and always lost money. rite now i put some money in my account and want to strt fresh and hopefully i will recover some money and if anyone of you who is experienced can help me tht would be great
"The most dangerous time for any trader occurs right after a major loss. The instinct for revenge trading (the desire to get it all back at once) can be far more damaging than the initial loss, leading many traders to make impulsive, irrational decisions that often lead to complete destruction of the account." - Millionaires Traders by Kathy Lien

You should equipped yourself with more readings and learning from the pro and understanding the market before plunging into it blindly. You should probably take a break from forex to clear your mind and to understand what you have gone wrong. Maybe try on demo account to gain more experience. Nobody has the crystal ball to tell exactly the right timing to long or short. You need to gain experience and understanding of the market sentiments, fundamentals and technical as well. You also need to learn money management and never never be to greedy and eager to reach your financial goal.
  • #970,139
  • Mar 17, 2015 7:09pm Mar 17, 2015 7:09pm
Quoting GlobalMacro
Light Crude and Brent Crude not in sync at the moment. Although they both haven't left the consolidation zone yet, Light Crude is bottom-heavier. Contract spread is at 1078 ticks right now. {image} {image}
As expected, WTI will fall more than Brent.
  • #970,140
  • Mar 17, 2015 7:16pm Mar 17, 2015 7:16pm
Will this matter, or does EU get crushed even lower? Guess tomorrow will provide some insight to that.
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