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  • #1,078,401
  • Oct 20, 2016 8:10am Oct 20, 2016 8:10am
Quoting TradeWTUC
Haha epic hunting big boys.
Yeah
Things were clearer 10 minutes ago....
I honestly thought the pressconference finished.
Now drop, up,  down. Look at gold, DAX, next monkey business...
Who will be long? 
Beware of robber banks (RB), bad advisors.
  • #1,078,402
  • Oct 20, 2016 8:12am Oct 20, 2016 8:12am
Quoting Not-KPMG
{quote} Yeah Things were clearer 10 minutes ago.... I honestly thought the pressconference finished. Now drop, up, Â down. Look at gold, DAX, next monkey business... Who will be long?Â

Long or Short matters less for them they just see cluster of stop and limits and literally hit them out or make plans accordingly.
  • #1,078,403
  • Oct 20, 2016 8:15am Oct 20, 2016 8:15am
Quoting tradewtuc
{quote} long or short matters less for them they just see cluster of stop and limits and literally hit them out or make plans accordingly.
make sure no sl remains. This is how the market IS MADE TO MOVE.
Forex; the game of movements not the game of candles.
  • #1,078,404
  • Oct 20, 2016 8:17am Oct 20, 2016 8:17am
why don't you wait for this Q&A mess to be over!
Member
  • #1,078,405
  • Oct 20, 2016 8:18am Oct 20, 2016 8:18am
Quoting Sajid
{quote} make sure no sl remains. This is how the market IS MADE TO MOVE.
Haha
Look at E/A 
These robbers are awesome 
Beware of robber banks (RB), bad advisors.
  • #1,078,406
  • Oct 20, 2016 8:18am Oct 20, 2016 8:18am
Quoting TudorIoan
why don't you wait for this Q&A mess to be over!
Dovish Draghi. Not a single sign of tightening or tapering.
The coincidental success is more dangerous than the expected failure
  • #1,078,407
  • Oct 20, 2016 8:22am Oct 20, 2016 8:22am
Quoting Neqrotik
{quote} Dovish Draghi. Not a single sign of tightening or tapering.
Totally agree. It sounded dovish to me as well.

The speech:
- Rates expected to stat at present or lower levels for an extended perod of time, well past horizon of asset purchases.
- Monthly asset purchases of 80bn Euros are intended to run until end of March 2017, or beyond if necessary
- Euro area continues to show resilience to adverse effects of global economy and political uncertainty
- We remain committed to preserving the very substantial degree of monetary accommodation
- Inflation likely to pick up in next months, mostly due to base effects. No signs yet of convincing upward trend in underlying inflation.

After the opening statement the Q&A session begun:
- No discussion on extending QE. (I think this one pushed E/U up)
- Governing council discussed various options relating to scarcity
- Low rates work
- Bond issuance has increased markedly
- Sudden QE stop is not on anyones mind
Member
  • #1,078,408
  • Oct 20, 2016 8:24am Oct 20, 2016 8:24am
dang!... saved by SL...
will make entry again later... sell on rally?

good morning
  • #1,078,409
  • Oct 20, 2016 8:24am Oct 20, 2016 8:24am
9:42 1.09 39 Shorted again at .49 longs stopped at .69 Very bearish picture
  • #1,078,410
  • Oct 20, 2016 8:26am Oct 20, 2016 8:26am
Quoting TudorIoan
Draghi now: "Monthly asset purchases of 80bn Euros are intended to run until end of March 2017, or beyond if necessary" The guy just said he got the money for the QE until spring 2017 That's dovish, that's bearish for the E/U! Bears, it's a free way down! ...just kidding, don't enter! he might say a lot of crap till the end Q&A session!
Sounded bearish from the very start
Member
  • #1,078,411
  • Oct 20, 2016 8:26am Oct 20, 2016 8:26am
Watch out for Brexit support. 1.091
  • #1,078,412
  • Oct 20, 2016 8:27am Oct 20, 2016 8:27am
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow1.png Size: 62 KB


Think they found the BUYERS.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,078,413
  • Oct 20, 2016 8:30am Oct 20, 2016 8:30am
Tudor , you are doing a great work with your posts . I admire how you manage to read and trade and post all these details. We are very lucky we have you here . Thanks buddy @@@ !!! *** (((((()))))))
  • #1,078,414
  • Oct 20, 2016 8:34am Oct 20, 2016 8:34am
Quoting suthmo
We are in yearly wave M5 Up Monthly sub wave 7 Up Sub 7 Sub Sub 1 just topping out here waiting for new high and pullback into sub sub 2 of sub 7 up here it comes. Wave3 5 is often the longest wave and we're in the three of five of seven to the top of M5 Possible to go over +1000 pips before this bull is done. Sorry if it doesn't make sense, It's new to me to. {image}
Quoting suthmo
The third wave of the third wave of the seveth wave of the fifth wave. I've got high hopes for this wave coming next next lol. I've got a feeling it's gonna be epic. Watch this....

It was just a spike....
  • #1,078,415
  • Oct 20, 2016 8:35am Oct 20, 2016 8:35am
Quoting TudorIoan
{quote} Sounded bearish from the very start
I think not. NOT
ÂÂ
He sounded dovish at the END, ÂÂtalking of negative rates, all beauty of cheap money.ÂÂ
ÂÂ
Will see by tomorrow, ÂÂsay 24hour cool down?
Â
It's all these Stock market optimists, Âthat push Euro down with silly bubble.Â
Who cares.Â
Â
And I'll ignore suthmo if keeps going
Â
Beware of robber banks (RB), bad advisors.
  • #1,078,416
  • Oct 20, 2016 8:42am Oct 20, 2016 8:42am
Quoting KeenPips
If any trader on this thread is tracking the EURJPY, they may like to note that the pair is now on an upward retracement within the channel on the 4H time frame. The immediate target is likely to be the upper trendline of the channel, which is proximal to the 76.4 and 61.8 Fib levels. I may be wrong. Trade safe. KP {image}
Did any trader catch the southward move post the retracement to the zone?

KP

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY_Update2_4H_Thursday_Oct._20,_2016.png Size: 25 KB
Do your homework, follow the footprints of smart money
  • #1,078,417
  • Oct 20, 2016 8:44am Oct 20, 2016 8:44am
I'am short

I think we go below 1.09 after good homing sales.
  • #1,078,418
  • Oct 20, 2016 8:49am Oct 20, 2016 8:49am
Draghi is one crafty SOB
Kept avoiding answering QE possibility of abruptly ending. Unlike Trump this guy knows exactly how each word effects the markets.
Kind of feeling let down for bulls
In trading, you have to be defensive and aggressive at the same time
  • #1,078,419
  • Oct 20, 2016 8:55am Oct 20, 2016 8:55am
Quoting Not-KPMG
{quote} I think not. NOT He sounded dovish at the END, talking of negative rates, all beauty of cheap money. Will see by tomorrow, say 24hour cool down? It's all these Stock market optimists, that push Euro down with silly bubble. Who cares. And I'll ignore suthmo if keeps going
Dovish all the way! ...on the background of tapering subtle hints expectations.
To me "Monthly asset purchases of 80bn Euros are intended to run until end of March 2017, or beyond if necessary" sounds bearish from the start
...not only that strong bearish at end :"Sudden QE stop is not on anyones mind!"
Never mind, the Brexit support expected rough ....we'll see tomorrow if there is something to buy here
Member
  • #1,078,420
  • Oct 20, 2016 8:57am Oct 20, 2016 8:57am
Buy - 1.0950
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