looks quiet, it's gonna FOMC tonite to move this pair. i am expecting gradual tone and hike in september.
- #9,803
- Jul 29, 2015 5:55am Jul 29, 2015 5:55am
- Joined Jul 2011 | Status: Gold Again | 10,564 Posts
{quote} Nice sum up, good job, thanks
It takes a lot for me to IGNORE you, but you can try.
- #9,804
- Jul 29, 2015 5:59am Jul 29, 2015 5:59am
- Joined Aug 2013 | Status: Trader | 4,895 Posts
Pride always comes before destruction.... -Proverbs 16:18
{quote} Sometimes I wonder why the FOMC is considered a big mover these days. {image}
You actually never know with Central Bankers - its not impossible for them to increase it now - whats big difference between end of july and september in terms of an economy the size of USA?
- #9,806
- Jul 29, 2015 2:21pm Jul 29, 2015 2:21pm
- | Joined Sep 2007 | Status: Trader | 1,189 Posts
Finally its coming down 
- #9,807
- Jul 29, 2015 2:51pm Jul 29, 2015 2:51pm
- Joined Aug 2013 | Status: Trader | 4,895 Posts
{quote} Unpredictability......I am learning my lesson for the first time - lost an absolute fortune in March from FOMC - just recovered eveything in last month so and decided, you know what - those trades already in loss - just close them today. Took a small hit and I'll recover it next week.
Pride always comes before destruction.... -Proverbs 16:18
- #9,808
- Jul 29, 2015 5:03pm Jul 29, 2015 5:03pm
- Joined Sep 2007 | Status: simmer down now | 1,251 Posts
- #9,811
- Jul 29, 2015 11:38pm Jul 29, 2015 11:38pm
- Joined Jul 2011 | Status: Gold Again | 10,564 Posts
NZDUSD - Long off former Channel Resistance - .6627
You totally ignore that beautiful Shooting Star that everyone is selling off today?
It takes a lot for me to IGNORE you, but you can try.
- #9,812
- Jul 30, 2015 12:28am Jul 30, 2015 12:28am
{quote} So............? You totally ignore that beautiful Shooting Star that everyone is selling off today?
There's no point in really debating, the market will decide. I'll adjust my position as the market changes dynamically. Breaking out of a Daily Channel is a significant feat, in order for the Bears to continue the kind of trend they've been in for the last couple months they are going to have to push back IN to that channel. That is significantly harder to do. Pushing and closing below ~.6600 will give Bears more steam. Until then though, I'll stick with my current analysis until the market shows or draws me something better.
Everyone trades differently, I'm simply offering my perspective. I'm not here to make anyone's decisions for them.
- #9,813
- Jul 30, 2015 12:37am Jul 30, 2015 12:37am
Just for my own amusement....
I figured I would show you a perfect example of why that candle may or may not mean what you think it means. Again though...the Market determines where we're going, I'll go with it.
I figured I would show you a perfect example of why that candle may or may not mean what you think it means. Again though...the Market determines where we're going, I'll go with it.
- #9,814
- Edited 1:50am Jul 30, 2015 1:39am | Edited 1:50am
- Joined Aug 2013 | Status: Trader | 4,895 Posts
MM's pushing that rock uphill breaking the will and the stops of the retail shorties and maybe even getting them to switch to team bull just in time for the big money to get short and let that rock start rolling down hill. Team Asia passing the baton over to team London soon, see if they want to run uphill or take the path of least resistance.
Please refer to technical chart analysis below
Please refer to technical chart analysis below
Pride always comes before destruction.... -Proverbs 16:18
- #9,815
- Jul 30, 2015 4:02am Jul 30, 2015 4:02am
- Joined Jul 2011 | Status: Gold Again | 10,564 Posts
MM's pushing that rock uphill breaking the will and the stops of the retail shorties and maybe even getting them to switch to team bull just in time for the big money to get short and let that rock start rolling down hill. Team Asia passing the baton over to team London soon, see if they want to run uphill or take the path of least resistance. Please refer to technical chart analysis below
It takes a lot for me to IGNORE you, but you can try.
- #9,816
- Jul 30, 2015 4:30am Jul 30, 2015 4:30am
- Joined Aug 2013 | Status: Trader | 4,895 Posts
{quote} That's the Daily chart, right?
Pride always comes before destruction.... -Proverbs 16:18
- #9,817
- Jul 30, 2015 4:51am Jul 30, 2015 4:51am
MM's pushing that rock uphill breaking the will and the stops of the retail shorties and maybe even getting them to switch to team bull just in time for the big money to get short and let that rock start rolling down hill. Team Asia passing the baton over to team London soon, see if they want to run uphill or take the path of least resistance. Please refer to technical chart analysis below
Nice Chart ^^
- #9,818
- Jul 30, 2015 5:11am Jul 30, 2015 5:11am
- Joined Jul 2011 | Status: Gold Again | 10,564 Posts
{quote} There's no point in really debating, the market will decide.
The market says you are about 100 pips under on the GBP-NZD and it's got another 100 or left in the ADR
It takes a lot for me to IGNORE you, but you can try.
