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  • #985,701
  • Apr 29, 2015 1:17pm Apr 29, 2015 1:17pm
Quoting palinco
"Federal Reserve policy makers said the economy weakened, partly for reasons that will fade, after a sharp slowdown reinforced expectations officials will keep interest rates near zero at their next meeting in June or longer". Meaning the bad job data recently should be disregarded. And dollar to regain its strength. So , Buy the USD.
That's what they want you to think Still, probably good enough for some pips.
  • #985,702
  • Apr 29, 2015 1:19pm Apr 29, 2015 1:19pm
Half of gains erased, now it's gonna be fun!
  • #985,703
  • Apr 29, 2015 1:21pm Apr 29, 2015 1:21pm
the party is just getting started. able to recover some of my losses due to FED but still large chunk remains. Hope its a 300 pip fall now. I really doubt that though
  • #985,704
  • Apr 29, 2015 1:22pm Apr 29, 2015 1:22pm
Quoting hxKenneth
{quote} That's what they want you to think Still, probably good enough for some pips.
yes. it is wise to trade with care.
  • #985,705
  • Apr 29, 2015 1:25pm Apr 29, 2015 1:25pm
Quoting KzX
Half of gains erased, now it's gonna be fun!
And yes, it meant pullback
  • #985,706
  • Apr 29, 2015 1:26pm Apr 29, 2015 1:26pm
Quoting JeffJ53
{quote} Read the statement here.... http://www.forexfactory.com/news.php?do=news&id=537592
Ok thanks........
  • #985,707
  • Apr 29, 2015 1:27pm Apr 29, 2015 1:27pm
Quoting Pharm0r
{quote} {quote} {quote} Sneaky sneaky! Well played.
I won't keep short for too long but quick pips then look to short higher .......


Quoting Ken A
It's over - go home ............ markets front run FOMC
Those bastards are so predictable
  • #985,708
  • Apr 29, 2015 1:30pm Apr 29, 2015 1:30pm
Quoting palinco
"Federal Reserve policy makers said the economy weakened, partly for reasons that will fade, after a sharp slowdown reinforced expectations officials will keep interest rates near zero at their next meeting in June or longer". Meaning the bad job data recently should be disregarded. And dollar to regain its strength. So , Buy the USD.
Or buy later when they actually raise rates......no one knows what will happen to the economy between now and then, so let it get cheaper first and then buy.
  • #985,709
  • Apr 29, 2015 1:31pm Apr 29, 2015 1:31pm
Dont trade the ripples on the Ocean
  • #985,710
  • Apr 29, 2015 1:32pm Apr 29, 2015 1:32pm
Quoting mkvy
Dont trade the ripples on the Ocean
Aint that the painful truth.
The coincidental success is more dangerous than the expected failure
  • #985,711
  • Apr 29, 2015 1:36pm Apr 29, 2015 1:36pm
Quoting aahmad29
After grabbing 222 pips, my next targets for FOMC are: Bullish Target = 1.1250 Bearish Target = 1.1050
I am disappointed with FOMC, market is scared and not hitting my Bullish/Bearish targets.
Love for all; Hatred for none.
  • #985,712
  • Apr 29, 2015 1:37pm Apr 29, 2015 1:37pm
Quoting Neqrotik
{quote} Aint that the painful truth.
thats what the majority 90% of traders here are doing... a bit like being shortsighted
  • #985,713
  • Apr 29, 2015 1:37pm Apr 29, 2015 1:37pm
Quoting Ken A
{quote} I won't keep short for too long but quick pips then look to short higher ....... {quote} Those bastards are so predictable
I am curious because it is important to know the other side of the trade. Are you seriously suggesting that the short squeeze and break above 1050 was manufactured and we will be back to square one.
The price will go where it has to go.
  • #985,714
  • Apr 29, 2015 1:45pm Apr 29, 2015 1:45pm
Quoting mitrapips
{quote} I am curious because it is important to know the other side of the trade. Are you seriously suggesting that the short squeeze and break above 1050 was manufactured and we will be back to square one.
Wouldn't be the first time. Welcome to Forex.
  • #985,715
  • Apr 29, 2015 1:45pm Apr 29, 2015 1:45pm
Quoting cspip
{quote} Or buy later when they actually raise rates......no one knows what will happen to the economy between now and then, so let it get cheaper first and then buy.
that means in your view EU will likely go higher to like 1.13xx or more...?
  • #985,716
  • Apr 29, 2015 1:48pm Apr 29, 2015 1:48pm
yellen to speak soon?
money ain't shit,i'm the shit..
  • #985,717
  • Apr 29, 2015 1:51pm Apr 29, 2015 1:51pm
Finally after 9 consecutive falling months, E/U will close this month in Gains
Losers Hope, Winners Believe
  • #985,718
  • Apr 29, 2015 1:52pm Apr 29, 2015 1:52pm
Quoting Ken A
{quote} There's fresh untouched supply above 1.105x @ 1.118x - 1.12x - so yes due to less than expected GDP# lead to dollar sell-off and markets are not expecting anything new from FOMC after consecutive serial of bad US data ..........
Interesting view. But the sheer strength tells me something more important is at play. A long term technical breather for EUR. This has nothing to do with where the EUR will be eventually. Anyway, lets hope we both make some money now. I believe THAT has only 5% to do with knowing the direction.
The price will go where it has to go.
  • #985,719
  • Apr 29, 2015 1:52pm Apr 29, 2015 1:52pm
Quoting Ken A
{quote} I won't keep short for too long but quick pips then look to short higher ....... {quote} Those bastards are so predictable
Most likely long next month until the 50 / mofus of this last monthly leg for me. May never get that high

Still waiting on month close....above 1180 and im putting my horny hat on
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  • #985,720
  • Apr 29, 2015 1:52pm Apr 29, 2015 1:52pm
Bounce @ 1075 was pretty much on the money at 50% retracement.
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