DislikedHello everyone, Eur/usd will more than likely gap up big time when the market opens as it closed yesterday printing a fresh new weekly high. Question is how far shall it gap ?Ignored
FXOpen - International True ECN Broker
- #1,069,261
- Jun 4, 2016 6:27pm Jun 4, 2016 6:27pm
- | Commercial User | Joined May 2016 | 3,511 Posts
FXOpen - International True ECN Broker
- #1,069,262
- Jun 4, 2016 6:59pm Jun 4, 2016 6:59pm
- | Membership Revoked | Joined May 2016 | 1,339 Posts
@GJscalper I've turned a new leaf. No more trolling.
- #1,069,263
- Jun 5, 2016 1:28am Jun 5, 2016 1:28am
- | Joined Jul 2012 | Status: Complicated Obsessive-Compulsive | 746 Posts
- #1,069,264
- Edited 7:46am Jun 5, 2016 4:27am | Edited 7:46am
- Joined Jun 2015 | Status: Trader | 14,961 Posts
Beware of robber banks (RB), bad advisors. 
- #1,069,265
- Jun 5, 2016 5:10am Jun 5, 2016 5:10am
- | Joined Dec 2008 | Status: Trader | 107 Posts
How nice it is to start your week with a Yellen...?! 
- #1,069,274
- Jun 5, 2016 11:42am Jun 5, 2016 11:42am
- Joined Jun 2015 | Status: Trader | 14,961 Posts
is this real life?! even after taking out 789878's out-of-this-world short you still got (99.4S vs 27.4L) 3.62 times more shorts than longs. after a day when e/u shot up more than 200 pips and there's no sign of dollar strength anywhere. i don't understand. we should all have a serious discussion about the effects of the mindset:"if it went so high, it has to come down". this kind of divergence is costing money, people! and after watching this over some time, it seems that when there's one sided volatility, the aggregate orders...
correction of move and weekly correction.....and Yellen's blaberring soon.... So short.... Then another consideration, which may pay off to about 1.13.As to 789878 - he is reverse scalper. I know the mindset. May profit. But he's impatient, so shorted early... Good trader would have waited
No offence. Who else has shorted? Admit it sinners Beware of robber banks (RB), bad advisors.
- #1,069,275
- Jun 5, 2016 12:20pm Jun 5, 2016 12:20pm
- | Commercial User | Joined May 2016 | 3,511 Posts
{quote} I think that everyone is underrating the chances that Brexit will happen. According to Bloomber it's just 22%, however polls indicate 41%-41% and 18% undecided. However, that would have a massive impact on the EU economy, thus shorting EURUSD sort of makes sense. But that's just my take...
FXOpen - International True ECN Broker
- #1,069,277
- Jun 5, 2016 2:12pm Jun 5, 2016 2:12pm
- | Joined Jul 2012 | Status: Complicated Obsessive-Compulsive | 746 Posts
{quote} hi. I can speak for myself
And... she'll be speaking again tomorrow
- #1,069,279
- Jun 5, 2016 3:21pm Jun 5, 2016 3:21pm
Hello Not-KPMG!
I strongly believe Yellen will not commit financial suicide.
A push higher for the fed funds rate will trigger a meltdown in the next 6 months. Cheap money is the name of the game and if she cuts the only branch, we'll all shit bricks by december and then eat them for dinner. Not to mention the huge pressure it would put on yuan and the Chinese economy which is filled with non performing loans passed between banks. bloomberg was saying last week that those amount to fucking trillions [news link]
Regarding the UK, I cannot take it into account in my trading. I never visited the island, and I personally do not know any British person
But a Brexit would spice up the whole summer. I hope it will not happen.
I'm not trying to say trade this or trade that, all I'm trying to understand is the logic behind taking very risky bets.
If I were in a boat in the middle of the storm, and the wave took me back, I'd stand still, and after that row the shit out of me towards an island or whatever.
Same here, why fight the momentum of a move and short the spike when you can buy the retrace and target at least the retest of the top? Aren't we all looking for low risk, high yield?
a seasoned CME trader once said : forget about the day in-day out winners, you won't be like them. Instead, look for the loosers, follow them, take notes, cheer them, give'em a shoulder to cry. At the end of the day make sure you took the reverse on every fucking trade they put up.
a bit harsh... i would say)
I strongly believe Yellen will not commit financial suicide.
A push higher for the fed funds rate will trigger a meltdown in the next 6 months. Cheap money is the name of the game and if she cuts the only branch, we'll all shit bricks by december and then eat them for dinner. Not to mention the huge pressure it would put on yuan and the Chinese economy which is filled with non performing loans passed between banks. bloomberg was saying last week that those amount to fucking trillions [news link]
Regarding the UK, I cannot take it into account in my trading. I never visited the island, and I personally do not know any British person
But a Brexit would spice up the whole summer. I hope it will not happen.I'm not trying to say trade this or trade that, all I'm trying to understand is the logic behind taking very risky bets.
If I were in a boat in the middle of the storm, and the wave took me back, I'd stand still, and after that row the shit out of me towards an island or whatever.
Same here, why fight the momentum of a move and short the spike when you can buy the retrace and target at least the retest of the top? Aren't we all looking for low risk, high yield?
a seasoned CME trader once said : forget about the day in-day out winners, you won't be like them. Instead, look for the loosers, follow them, take notes, cheer them, give'em a shoulder to cry. At the end of the day make sure you took the reverse on every fucking trade they put up.
a bit harsh... i would say
)
