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  • #1,044,561
  • Dec 16, 2015 2:53am Dec 16, 2015 2:53am
Quoting MaxDoom
Are you ready for today? take the quick quiz.... NO GOGGLE it defeats to objective 1) Why will prices be volatile today? 2) What is the current market expectation from the FED today? 3) What will happen to EU if Fed increase interest rates today by 25 basis points? 4) Would a rate rise today be good for equities? 5) Is the current dominant trend in EU Bull or Bear?
Do you expect a serious answer to this?
Fix up, trade sharp ...
  • #1,044,562
  • Dec 16, 2015 2:54am Dec 16, 2015 2:54am
Quoting niubee
{quote} Agree with you. I will long if the price close above 1.0980. Now still waiting if the price will close under 1.09 to short. I have short GU @1.5037 and have locked profit 10 pips, waiting for UK news
No man,i am not long,i wont go long,
I have 1.1015,price needs to close above it to go up again,otherwise i don't feel 1.0980 is a place to justify long.
The US session 4 hour bar starting at US open yesterday ,clearly closed below 1.0960s,it will go till 1.0870s after pullback today.
But this is news day we should step aside.
  • #1,044,563
  • Dec 16, 2015 2:54am Dec 16, 2015 2:54am
Looks like USD/CAD bulls are saying enough chop is enough, let's break out ...
Fix up, trade sharp ...
  • #1,044,564
  • Dec 16, 2015 2:54am Dec 16, 2015 2:54am
Quoting Hickson
{quote} Do you expect a serious answer to this?
always intended for the newcomers to FX mainly, but give it a go if you like

everyone should at least do it in their head if not on the forum
  • #1,044,565
  • Dec 16, 2015 2:57am Dec 16, 2015 2:57am
Quoting KillerWhale
{quote} That's how I like to see it, but keep in mind that everything can change in a minute. I am the living example of it.
In March 2011 I lost $14,000 in less than 15 minutes, the Fukushima disaster nuclear power plant was the talk of the day.
I thought Yen would tank and put in $40 per pip on that.
What I did not know or realize is that multi billions of dollars were being exchanged from US insurance companies buying Yen for payouts to Japanese businesses and families.

The result was a sky high Yen and the whole world was involved to the rescue.
But in the mean time I had my first and last MARGIN CALL !!!!!!!!!
New voice message: Why are you calling me? If I need you, I'll call you!
  • #1,044,566
  • Dec 16, 2015 3:01am Dec 16, 2015 3:01am
Are you ready for today? take the quick quiz.... NO GOGGLE it defeats to objective

1) Why will prices be volatile today? - Because the market has a split personality, and argues with itself all the time

2) What is the current market expectation from the FED today? - Not a clue, after all fundamentals don't matter, the secret is the market does what it wants, when it wants, how it wants and will try to screw you everytime.

3) What will happen to EU if Fed increase interest rates today by 25 basis points? - I only know for sure that the world won't end, at least no ones convinced me that it will

4) Would a rate rise today be good for equities? - Don't know, but then I have a suspicion that equities don't even know what's good for them.

5) Is the current dominant trend in EU Bull or Bear? - Well I'm bearish, the monthly trend for me is still bearish but other people will be desperate to convince me that secretly it's bullish

6) What will happen to the EU if they don't raise the rates today? - Don't know, don't care, the whole set ups screwed until they realise one currency naturally means one central government with the power to make real policy decisions. Mind you Germany does make policy as though it's the central government, probably why the UK wants out.

I don't take the market seriously, if I did I'd lose.
I operate with clear definite rules, if I break them I lose BIG!
  • #1,044,567
  • Dec 16, 2015 3:04am Dec 16, 2015 3:04am
Quoting priceaction1
is it any specific time about FED announcement!! I can't found it in FF calendar.
It is 14:04 in Islamabad now, announcement will be at 00:00 Islamabad time according to FF calendar.
  • #1,044,568
  • Dec 16, 2015 3:04am Dec 16, 2015 3:04am
Look at EZ fundamental data. They just don't want to push euro anywhere before FOMC.
I don't think US, EZ, China provide their real economic data.
You cannot learn better without losing
  • #1,044,569
  • Dec 16, 2015 3:04am Dec 16, 2015 3:04am
Quoting priceaction1
{quote} thanks.
it is due to GMT+5 time zone!!
Attached Image (click to enlarge)
Click to Enlarge Name: gmt.JPG Size: 166 KB
don't predict direction, but dance with flow of water
  • #1,044,570
  • Dec 16, 2015 3:07am Dec 16, 2015 3:07am
Quoting 666Doom
{quote} No man,i am not long,i wont go long, I have 1.1015,price needs to close above it to go up again,otherwise i don't feel 1.0980 is a place to justify long. The US session 4 hour bar starting at US open yesterday ,clearly closed below 1.0960s,it will go till 1.0870s after pullback today. But this is news day we should step aside.
Ooow, I see the price 1.0980 based on D1 38.2 Fib Retrace.
Yeah I always lost in every news.
I try my luck by short @1.0943 SL 1.0960.
If lost then I will stop open position until 1 hour before news.
If it goes down then I will lock some pips.

May the luck be with you all
Don't trust me. I'm still newbie
  • #1,044,571
  • Dec 16, 2015 3:08am Dec 16, 2015 3:08am
Quoting MaxDoom
Are you ready for today? take the quick quiz.... NO GOGGLE it defeats to objective 1) Why will prices be volatile today? 2) What is the current market expectation from the FED today? 3) What will happen to EU if Fed increase interest rates today by 25 basis points? 4) Would a rate rise today be good for equities? 5) Is the current dominant trend in EU Bull or Bear? 6) What will happen to the EU if they don't raise the rates today?
Ok, I see your intentions are good. I will try briefly:

1) First rate hike for many years is expected, connected with large expectations of many institutions, traders, gamblers, market makers, bastards etc. -> high
vola should be expected and many margin calls as well

2) The market expects the FED to raise interest rates with a pretty high confidence

3) A lot should already be priced in, however, EUR/USD should probably dive to at least test the lows again

4) Depends on what equities you mean

5) Still bearish over all

6) Probably some recovery, but I doubt it will be more than 1.20 in coming months


7) A totally different outcome is possible, and only the real gurus know 100 %
Fix up, trade sharp ...
  • #1,044,572
  • Dec 16, 2015 3:09am Dec 16, 2015 3:09am
Quoting 666Doom
{quote} No opinion is silly buddy,i too only trade intraday,i try running beyond 70 pips sometimes,only to get stopped at BE, long term never works for me. I like fresh entry everyday.
Sailing in same boat. Long term didn't workout for me too
  • #1,044,573
  • Dec 16, 2015 3:13am Dec 16, 2015 3:13am
Will we see 1.08 today?
Forex is a losers game.
  • #1,044,574
  • Dec 16, 2015 3:13am Dec 16, 2015 3:13am
My attempt:


1) Why will prices be volatile today? Massive volume anticipated due to the large movements expected, loads of uncertainty, many orders placed to catch the wicks, huge global effects of a rate rise.

2) What is the current market expectation from the FED today? to raise by 25 bps

3) What will happen to EU if Fed increase interest rates today by 25 basis points? I'd expect it to tank somewhat, even though this should be priced in already.

4) Would a rate rise today be good for equities? Rate rise should mean its more expensive to get cash to buy equities, so they should tank too.

5) Is the current dominant trend in EU Bull or Bear? Defo bearish, since 1.40

6) What will happen to the EU if they don't raise the rates today? Relief rally.

EU tanking now..... is it the beginning?
  • #1,044,575
  • Dec 16, 2015 3:14am Dec 16, 2015 3:14am
1) Why will prices be volatile today?speculation, rate hike in 5 yrs
2) What is the current market expectation from the FED today? raise hike
3) What will happen to EU if Fed increase interest rates today by 25 basis points? Pa will drop back to 1.05 ,since the rally this few days/crude oil is at 35$ a barrel
4) Would a rate rise today be good for equities? bad
5) Is the current dominant trend in EU Bull or Bear? bull with resistance with low volicaity until news then will have a big tumble
6) What will happen to the EU if they don't raise the rates today? crappy PA
  • #1,044,576
  • Dec 16, 2015 3:15am Dec 16, 2015 3:15am
taken an EU short off weekly pivot rejection
also long DAX and crude
Attached Image
  • #1,044,577
  • Dec 16, 2015 3:15am Dec 16, 2015 3:15am
Quoting trader121
Will we see 1.08 today?
Probably during rate decision volatility. Doesn't matter if it's positive or negative expectation
You cannot learn better without losing
  • #1,044,578
  • Dec 16, 2015 3:18am Dec 16, 2015 3:18am
Quoting MaxDoom
taken an EU short off weekly pivot rejection also long DAX and crude {image}
Let's see which side gonna take huge risk from here. Buyers or Sellers
You cannot learn better without losing
  • #1,044,579
  • Dec 16, 2015 3:19am Dec 16, 2015 3:19am
Quoting KillerWhale
{quote} Then why did you react on this? Keep your mouth shut and learn first, right?
you are being such an asshole today

does it make you feel good offending others here and there

are you antisocial psycho or something
THE CHANNELER
  • #1,044,580
  • Dec 16, 2015 3:20am Dec 16, 2015 3:20am
Quoting trader121
Will we see 1.08 today?
Actually I'd like to see a hike of 25bps as something of an opposite to Draghi's limited use of tools 2 weeks ago and hence a 300 pip movement down south. A hike of 50bps will def see EU 1.05 and heading lower very quickly.

GU desperately searching for the 1.50 handle pre employment data....
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