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  • #1,000,741
  • Jun 12, 2015 9:05am Jun 12, 2015 9:05am
News donīt mean anything anymore these days it seems, just pure speculation driven. Also clear itīs algos since the fewest of those take news into account but just trade technical. Hence news get no more weight as computers donīt care about those. Thatīs what this market tells us Iīd think....
  • #1,000,742
  • Jun 12, 2015 9:07am Jun 12, 2015 9:07am
Quoting edyraper
{quote} I think it was on IMF meeting on the weekend some where in the past , I can google it . I dont remember the exact date .
http://news.forexlive.com/!/the-drag...-euro-20150419
he made that comment years ago, when greece was in the news..
the april one was he wouldn't change the comment made years before is the way i took it.
it looks like many are adding to it, out of context. it looks it was just a comment toward 2012 comment.."say exactly the same words today."


ArticleBody
I posted earlier on Draghi's comments over the weekend, here's the link: Weekend comments from ECB head Draghi ... You really need to read his euro comment
From that post ... Draghi said "It is pointless to go short on the euro" ... but the comment needed to be read in context. From the comments, it was also helpfully pointed out:
It would be "pointless" to bet against the single currency, Draghi said in 2012, adding on Saturday that he would "say exactly the same words today."
So he is saying he wouldn't go back on something he said in 2012. Lets not get carried away. I'm pretty sure a Grexit would trump something he said in 2012.
Here's the thing, though ... the Bloomberg is now carrying the headline.
Its one of the 'red' headlines:
http://az705044.vo.msecnd.net/201504...ril%202015.png
those who can, do. those who cant, talk about those who can
  • #1,000,743
  • Jun 12, 2015 9:07am Jun 12, 2015 9:07am
Or ecb is protect the euro?
Peace Yo!
  • #1,000,744
  • Jun 12, 2015 9:07am Jun 12, 2015 9:07am
Quoting kuroro001
Hope you guys didn't have Zimbabwean dollar
Well any fiat can have that argument. In certain amount of time you can apply that argument. No fiat has survived long.
  • #1,000,745
  • Jun 12, 2015 9:07am Jun 12, 2015 9:07am
Quoting geektrader
News dont mean anything anymore these days it seems, just pure speculation driven. Also clear its algos since the fewest of those take news into account but just trade technical. Hence news get no more weight as computers dont care about those. Thats what this market tells us Id think....
not today


i think authorities and corporate flows (as misspips said someone unloading dollars) are driving the market
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Perfecting your entry will increase your profits
  • #1,000,746
  • Jun 12, 2015 9:08am Jun 12, 2015 9:08am
Quoting TTFXHammer
{quote} Are you that conceited that you think your tiny little long position was right and the other 100's of billions of dollars from the big banks, hedge funds, etc. on the short side were wrong over the last 24 hours?
Do you think your tiny short position was responsible for this EURUSD exchange rate above 1.00?
Who are you to tell the big banks, hedge funds all of them shorting the euro? Ask then to stop BS comments and fabricated news by forexlive, livesquawk etc.
You cannot learn better without losing
  • #1,000,747
  • Jun 12, 2015 9:08am Jun 12, 2015 9:08am
Quoting mrluckystar
Many big player buying euro?
we dont know that . but we do know they took their profits of shorts . http://www.reuters.com/article/2015/...0XZ2BC20150508
  • #1,000,748
  • Jun 12, 2015 9:09am Jun 12, 2015 9:09am
Quoting TTFXHammer
{quote} Yes it would, it's called math, and the boys with the money use it. Surely you know by now that markets don't go straight up or straight down....unless it has a CHF in it
And when thy gonna fail livesquawk, forexlive etc are here to support them
That's not math, that's technique. Almost everyone knows math and most of them are much better than them. Only problem is they have not enough money to kick those BS
You cannot learn better without losing
  • #1,000,749
  • Jun 12, 2015 9:09am Jun 12, 2015 9:09am
Quoting forexings
{quote} . Otherwise it was bull
agree, lots of bullshit..
those who can, do. those who cant, talk about those who can
  • #1,000,750
  • Jun 12, 2015 9:10am Jun 12, 2015 9:10am
Quoting Deliciouspip
{quote} not today i think authorities and corporate flows (as misspips said someone unloading dollars) are driving the market {image}
MUST BE CHINA!!!!
  • #1,000,751
  • Jun 12, 2015 9:10am Jun 12, 2015 9:10am
Swissy squeezed.

Should tell you something?
You can be anything you want to be
  • #1,000,752
  • Jun 12, 2015 9:11am Jun 12, 2015 9:11am
Quoting gatorinla
{quote} when did he say this? i see lots of buying. even at 13xx.. same guys with no losses or tp..it drops 225 pips, still buying, no s/l or tp. i heard lots of comments about shorts being stupid, idiots etc..still little humility.. we go up we go down, with trend or w/o it..with indies, volume, fundies, with more retail shorters or w/o them. the only people who made money took profit.. taking off my weaker lower shorts here at 1227 (about 1/4 total) the rest 100+ green
http://www.forexfactory.com/showthre...79#post8213979
see here. but he didnt say go long eu here because this is the low of the range.
he was pointing out euro will stay and not going to break apart.
fanatics take it as a long call.
follow the flow
  • #1,000,753
  • Jun 12, 2015 9:11am Jun 12, 2015 9:11am
incoming whipsaw.... tightening up my stop to 1.1255
Twitter: @TrendersGame
  • #1,000,754
  • Jun 12, 2015 9:13am Jun 12, 2015 9:13am
With this consument sentiment we should go lower,
normaly.

Serious manipulation.

Somebody short this news?
  • #1,000,755
  • Jun 12, 2015 9:15am Jun 12, 2015 9:15am
What a strange week. It started with a false Obama stament (an american president saying dollar is too strong?!). After denyal a bull run started anyway. Then good news for the dollar and the dollar go down.
Moreover Merkel and Kuroda.
Two hypothesis for this movement:
The wild one: to avoid being trapped in inflactional spiral due to high dollar, as it always happened in the past during strong dollar times, central bankers are deliberately weakening the greenback. They might want to avoid a deep fall of their currencies, that would certanily occur if they don't sell dollar before they hike rates. In fx trends can be self validating, and euro and yen can become toilet paper if they don't do anything about it.
Another hypothesis: A good deal with greece is on his way to come, and someone knows it.
Ubi maior minor cessat
  • #1,000,756
  • Jun 12, 2015 9:15am Jun 12, 2015 9:15am
Greek "default" charts.
http://www.zerohedge.com/sites/defau...50612_GGB1.jpg
  • #1,000,757
  • Jun 12, 2015 9:17am Jun 12, 2015 9:17am
Quoting janpec1000
Greek "default" charts. http://www.zerohedge.com/sites/defau...50612_GGB1.jpg
Haha! That someone is still taking these talks serious... LOL
  • #1,000,758
  • Jun 12, 2015 9:17am Jun 12, 2015 9:17am
Quoting janpec1000
Greek "default" charts. http://www.zerohedge.com/sites/defau...50612_GGB1.jpg
Pure manipulation...who will have the final word is the question
COT: The precious data ignored
  • #1,000,759
  • Jun 12, 2015 9:18am Jun 12, 2015 9:18am
Nice job on being post #1mm!!!
Quoting gatorinla
{quote} looking to long later if it looks ok then.. 118.78 +- a bunch {image}
  • #1,000,760
  • Jun 12, 2015 9:19am Jun 12, 2015 9:19am
Quoting FXMori
What a strange week. It started with a false Obama stament (an american president saying dollar is too strong?!). After denyal a bull run started anyway. Then good news for the dollar and the dollar go down. Moreover Merkel and Kuroda. Two hypothesis for this movement: The wild one: to avoid being trapped in inflactional spiral due to high dollar, as it always happened in the past during strong dollar times, central bankers are deliberately weakening the greenback. They might want to avoid a deep fall of their currencies, that would certanily occur...
Additional hypothesis: The Goldman effect. Last week Goldman told its clients to get ready to sell the Euro - it's heading for parity. And by now the market knows when Goldman tells the muppets to do something you should do the opposite.
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