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  • #1,033,301
  • Oct 28, 2015 4:03pm Oct 28, 2015 4:03pm
Quoting goldfinch
{quote} I hadn't posted in five months because I got fed up with the way the thread was developing in a recruitment ground for managed accounts. If you go back to my post history, I only show up for FOMC, once a month and shoot the breeze a bit. Do I get in your way of your recruitment here? I will happily disappear again for six months, I gain nothing by posting/reading here, just killing a bit of time awaiting the roll. I can tell FXt still has plenty of recruiters/agents doing the rounds here.
recruiting, not sure what you mean...nobody is paying anything to anyone here. Just a bunch of guys wanting to get profits and sharing trade ideas. Anyways, you can disappear at your convenience if you do not wish to help people on FF!
Good, fast and cheap, pick any two you can't have all three
  • #1,033,302
  • Oct 28, 2015 4:04pm Oct 28, 2015 4:04pm
A contrarian; I always disagree.
  • #1,033,303
  • Oct 28, 2015 4:05pm Oct 28, 2015 4:05pm
Quoting Freelve
Do any of you guys think the EU can go as low as 1.046xx of March 2015??? Any opinions, suggestions?
Anything could happen.

I'am holding shorts from 1.37.

I think we can see parity in future.

If that happens,I will be happy guy.
  • #1,033,304
  • Oct 28, 2015 4:19pm Oct 28, 2015 4:19pm
Quoting goldfinch
What does it say about the average poster here that they idolise kids like that? Makes one wonder.
Don't let the loud voice of the few get you thinking that the silent majority isn't in agreement with you.
  • #1,033,305
  • Oct 28, 2015 4:22pm Oct 28, 2015 4:22pm
Quoting davood13
pls let's talk about trading not traders EU H4 potential bullish crab {image}
Is that indicator repaint?
When Scalpers win, I lose and Vice varsa...
  • #1,033,306
  • Oct 28, 2015 4:27pm Oct 28, 2015 4:27pm
I see no bullish momentum ... crucial levels have been cut like butter, so I rather expect another drop sooner or later.
Fix up, trade sharp ...
  • #1,033,307
  • Oct 28, 2015 4:32pm Oct 28, 2015 4:32pm
Quoting Hickson
I see no bullish momentum ... crucial levels have been cut like butter, so I rather expect another drop sooner or later.
What support levels do you see it aiming for next?
  • #1,033,308
  • Oct 28, 2015 4:36pm Oct 28, 2015 4:36pm
Quoting goldfinch
{quote} You'd be lucky if you'd get 1:5. {quote} What? Hold a trade for 6 months and end up at BE? Seriously, that doesn't need congratulating, that needs commiserations. Anybody worth their salt would rake in a pretty piece today and not have to wait 6 months just to get to BE.

5x on 50k+? Seriously???

At 50x that's assuming in a 200 pip move there wouldn't be 25 lots of available liquidity.

Absent EURCHF that will never be the case. Now if you are searching for 1000 lots ($2 million account at 50x leverage) of limit orders in a 200 pip move you might get some slippage but you will still get filled before it goes negative equity.

Sitting 100 pips below/above market price is guaranteed at least 1million lots and often depth of market is more like... at least 5million lots (EURUSD). There's basically no chance of an account going negative equity. Even million dollar accounts get 10x... and if you pledge other assets as collateral they would increase leverage amount. Nobody keeps all their cash or anywhere near to all of their cash in a broker.
Be hopeful in a winning position, and fearful in a losing position.
  • #1,033,309
  • Oct 28, 2015 4:45pm Oct 28, 2015 4:45pm
Quoting Hickson
I see no bullish momentum ... crucial levels have been cut like butter, so I rather expect another drop sooner or later.
over sold, risk/reward, momentum stands near fib 1.272 (this chart was posted previously during the break out, has not updated yet) also careful if thinking of buying wait until consolidation or few candles
Attached Image (click to enlarge)
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  • #1,033,310
  • Oct 28, 2015 4:51pm Oct 28, 2015 4:51pm
Quoting keadr
{quote} over sold, risk/reward, momentum stands near fib 1.272 (this chart was posted previously during the break out, has not updated yet) also careful if thinking of buying wait until consolidation or few candles {image}
it may try a bounce at 0850.
Intraday only.
  • #1,033,311
  • Oct 28, 2015 5:20pm Oct 28, 2015 5:20pm
The fed statement today mainly said...we are not increasing the interest rates today but we are very likely to increase rates in the next two months

Does the above statement correctly reflect what Janet Yellen said ?

If the statement is correct does this warrant the EUR/USD sinking near 1.09 ?

All of you ...let us discuss the above points ...we all will learn from each other
  • #1,033,312
  • Oct 28, 2015 5:31pm Oct 28, 2015 5:31pm
Quoting rjngh2005
The fed statement today mainly said...we are not increasing the interest rates today but we are very likely to increase rates in the next two months Does the above statement correctly reflect what Janet Yellen said ? If the statement is correct does this warrant the EUR/USD sinking near 1.09 ? All of you ...let us discuss the above points ...we all will learn from each other
In earlier meetings she also said we are gonna hike twice in 2015. Now only 1 meeting left in 2015. They are losing credibility!! No faith in their statements...
When Scalpers win, I lose and Vice varsa...
  • #1,033,313
  • Oct 28, 2015 6:10pm Oct 28, 2015 6:10pm
Quoting venividivici
{quote} He will still end in profit dont worry.
Heard you were going on vacation, enjoy
  • #1,033,314
  • Oct 28, 2015 6:12pm Oct 28, 2015 6:12pm
Quoting rjngh2005
The fed statement today mainly said...we are not increasing the interest rates today but we are very likely to increase rates in the next two months Does the above statement correctly reflect what Janet Yellen said ? If the statement is correct does this warrant the EUR/USD sinking near 1.09 ? All of you ...let us discuss the above points ...we all will learn from each other

I agree with you. I'm one of those who was short when this pair was at 1.14 when there was a panic buy. I got out at 1.12 and have been slowly getting into the bull side. It will take time for a set of economic indicators to form such that to pressure this pair to parity. The move today was unexpected and in my opinion, not justified. The economic story has remained the same with the difference that ECB's monetary easing program is being positively reflected in recent economic figures and we have reached a modest stable point. This means that there are potentially long term investors who would buy the Euro and jump into Europe to invest. I think we need to see additional economic data out of Europe before deciding whether parity or 1.20 is the next long term target. However, in the meantime, the daily indicators are oversold, and I think we could stabilize around 1.12.
  • #1,033,315
  • Oct 28, 2015 6:12pm Oct 28, 2015 6:12pm
uj gj both near mid resistance 4hr, gj previous candle doji in play marker is the high uj nearing top of daily range could be worth an eyeball each, expecting yen appreciation, fed didn't disappoint, dickheads
If you are new to Forex? Say Goodbye to your account!!
  • #1,033,316
  • Oct 28, 2015 6:19pm Oct 28, 2015 6:19pm
June 2016 Fed Funds
Attached Image (click to enlarge)
Click to Enlarge Name: june2016fedfunds.jpg Size: 88 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #1,033,317
  • Oct 28, 2015 6:32pm Oct 28, 2015 6:32pm
Few things. Sanction between EU and Russia is dissapearing. Also my figure analysis shows eurusd rise in months. Also dollar index came to s/r on monthly. Also gdp tommorow was included in todays move down.
  • #1,033,318
  • Oct 28, 2015 6:35pm Oct 28, 2015 6:35pm
Quoting ill_be_back
{quote} I think some more DOWN Will see where this is at after RBNZ
Majority are seeing another rate cut in December although momentum could give us 7150 as a peak in November


If AUDNZD is to continue down to 1.01 it is likely that Kiwi and Aussie will rally vs USD (as is typical of AN bearish moves). However sometimes the correlation breaks with NU decoupling from AU, and this could mean a sharp decline in NU as Aussie stands relatively still at .7400/.7700 rangebound, while NU falls back to sub .6700, giving us another strong AUDNZD rally. That was one of the best trades of the year (April to June AN bull) and I royally botched it by closing at 1.05 when I knew it was going higher, at least 1.10. Almost no pull back from 1.0060 to 1.14. Was a 25:1+ RR trade if you entered sub 1.01 with stop loss = 50, which I did. Patience is the hardest part. Getting "cute" with it, trying to save 50-100 pips on minor pullbacks always ruins the trade (for me, anyway).

The currency rose after the rate decision, which was predicted by 14 of 18 economists in a Bloomberg survey. While only four expected a cut to 2.5 percent today, 15 forecast a quarter-point reduction in December. The New Zealand dollar traded at 66.87 U.S. cents at 10:56 a.m. in Wellington, up from 66.56 cents beforehand.

Wheeler warned that deeper rate cuts would be needed if the kiwi dollar continues to rise and damps import prices.
The exchange rate has been moving higher since September, which could, if sustained, dampen tradables sector activity and medium-term inflation, he said in todays statement. This would require a lower interest-rate path than would otherwise be the case.
Be hopeful in a winning position, and fearful in a losing position.
  • #1,033,319
  • Oct 28, 2015 8:05pm Oct 28, 2015 8:05pm
Please anyone know what may have caused the spike in EUR related pairs? e.g EUR/GBP, EUR/JPY which i think may not be related to Feds increasing Rate? Or was it a case of over reactions by massive selling of the EUR within the window?

Odd how the EUR/USD lost over 1% when the rates was not changed & I think it had biggest impact yesterday among USD related pairs. I wonder what the impact will be when the rates are increased (presume, over 1000p move)?
  • #1,033,320
  • Oct 28, 2015 8:14pm Oct 28, 2015 8:14pm
EURUSD high possibility to further south until 1.08x (May & July), previous low.
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