Posted:
#551
ok news coming out in China .. .should be a good night to catch a crawler after the news ... have a million things to do .. but will try to be at the screens @ around 8 ..
USD/JPY First Quarter
Posted:
#557
Yeah but it hasnt broken the lows from the 27th..
This drop is nothing at all..
Russia has the potential of turning this into something more serious and the markets are sitting on their buy orders not anticipating anything to happen.
If this were fully valued, risk would be down much much more than some 30 pips on the US/Yen and 70 on the Eu/Yen and like 15 on the Lb/US
Posted:
#559
buck,
Close was 140.50 ish..give or take a few, it is now trading at 139.54, so a drop of about 100 in total.
It will be interesting to see what they do with the Yuan as the government "set" the rate at 6.119 and it is already over that now at 6.125
Also looks like parts of the PMI for China were weak, most of the important aspects, so more slowdown in general.
Posted:
#563
I just think the situation is not a concern yet..the Asia markets are well off their lows, the risk currencies are well off their lows.
Even with bad China PMI numbers and the Ukraine situation, the risk appetite will not be stopped.
I would imagine the only thing that will derail the move is if Russia takes bold action and does something not planned for.
Posted:
#564
LB/JPY again finding support off the 50 ema...its sitting at 169.20 the low tonight 169.199
Does this pair rally again in the am?We have been here so many times the last two weeks only to see this pair bounce 100-200 pips..if we can get a good close on this daily candle i think its starts drifting down toward 166,thats a tall order though as the pair has already started to drift back up and short term charts looking like buys...
Does this pair rally again in the am?We have been here so many times the last two weeks only to see this pair bounce 100-200 pips..if we can get a good close on this daily candle i think its starts drifting down toward 166,thats a tall order though as the pair has already started to drift back up and short term charts looking like buys...
Posted:
#570
Quote Originally Posted by rick3117:
This week is a minefield of news reports.
Wall, Have you been using twitter for news? How are you liking it?
I like how DailyFX gives you a 1 hr, 20 min and 5 min lookout for risk events.
This week is a minefield of news reports.
Wall, Have you been using twitter for news? How are you liking it?
I like how DailyFX gives you a 1 hr, 20 min and 5 min lookout for risk events.
I should, but why am I so lazy about using Twitter? I dont have an account, I dont follow anyone but David Duval..
Posted:
#571
rick,
I have to make a comment..
I have never been solid on "book" talk regarding trade entries or signals..so any stuff I see on FXDD or at other books/brokers I always wonder what their incentive is to give signals to clients..they often times are going against us to profit in house on contra trades.
What is your opinion about that?
Posted:
#572
Absolutely, if you look at the signals given by these guys they are about 30%.
Not accurate at all. They use weak indicators and try to induce volume of trade.
The only person I respect is Kathy Lien ( I think she is on the Fxcm payroll??)
Either way. the point of paying these guys is to induce trades and commissions.
Not accurate at all. They use weak indicators and try to induce volume of trade.
The only person I respect is Kathy Lien ( I think she is on the Fxcm payroll??)
Either way. the point of paying these guys is to induce trades and commissions.
Posted:
#574
Quote Originally Posted by rick3117:
FXCM actually gives you the option of not having a dealing desk.
https://www.fxcm.com/advantages/forex-execution/compare-execution-types/
I have thought about going with them.
FXCM actually gives you the option of not having a dealing desk.
https://www.fxcm.com/advantages/forex-execution/compare-execution-types/
I have thought about going with them.
I recall seeing that too but isnt there some drawbacks about spreads with that option?
Posted:
#575
Well i took one lot of LB/Cad short but i didnt post so ill leave that trade off the thread..i was out on my feet at the time ..
They pushing LB/JPY here before close of daily candle..they started a bit late dont think theyll get it back over 169.20...this is what i been waiting for though hopefully the push lower continues
My exit of NZD/USD was a good one this pair has done nothing since i bailed,happy though i wanted at least 70 and got it
They pushing LB/JPY here before close of daily candle..they started a bit late dont think theyll get it back over 169.20...this is what i been waiting for though hopefully the push lower continues
My exit of NZD/USD was a good one this pair has done nothing since i bailed,happy though i wanted at least 70 and got it
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