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shellsnail commented Jan 29, 2014More accommodative as compared to raising rates. If Fed raised rates, USDJPY will plunge below 100 within days as global liquidity dries up.
Fed Cuts QE to $65 Billion Pace as Labor Market Improves Further
- shellsnail commented Jan 29, 2014
No matter what edge it is, it is still a probabilistic event which means on any given instance it might not happen the way you expect it to.
Fed Cuts QE to $65 Billion Pace as Labor Market Improves Further
- shellsnail commented Jan 29, 2014
"Step Two - Conscious Incompetence Towards the end of stage two ... This eureka moment causes a new connection to be made in your brain. You suddenly realise that neither you, nor anyone else can accurately predict what the market will do in the ...
Fed Cuts QE to $65 Billion Pace as Labor Market Improves Further
- shellsnail commented Jan 29, 2014
Why prohibit, volatility is great.
ECB's Noyer says it is clear that any rise in EUR would be negative
- shellsnail commented Nov 28, 2013
Doesn't mean anything. Investors could be cash-rich and still investing on margin to take advantage of leverage with record low interest rates.
NYSE Margin Debt Hit Another High In October
- shellsnail replied Nov 28, 2013
lol... only because you are in a bull market =.= why don't you do the same for EJ then? buy on all the dips, can't be wrong either.
EUR/JPY
- shellsnail replied Nov 28, 2013
People have been calling ending diagonal on the S&P since 1500, look where we are at now (and I reckon we have more to go as long as uptrend holds) Sure one day they might be right, but in the mean time, it should be LONG until support breaks (from ...
EUR/JPY
- shellsnail replied Nov 28, 2013
If history is any guide, the last time EJ did a similar pattern on the 4H chart, we went for a 600 pip run without any significant retrace... so far we have 200 pips move from the last 4H chart correction/consolidation. and yes, the uptrend JUST ...
EUR/JPY
- shellsnail replied Nov 28, 2013
WOW. check out the reaction on GU when it landed in the SELL ZONE.
Somewhere to document my thoughts...
- shellsnail replied Nov 28, 2013
There's strong support here at 138.650, many sellers that got trapped previously by the up move are getting out there. If that level breaks, then downtrend should be confirmed. If it holds, we could see much higher once london opens. If I were to ...
EUR/JPY
- shellsnail replied Nov 28, 2013
although I must say the rejection from previous high favours the immediate scenario of a double top and drop to 138.0 retest previous resistance as support.. long at 138 target 140 should be decent trade, but ofcourse if price breaks 137.1 in 2-3 ...
EUR/JPY
- shellsnail replied Nov 28, 2013
2 months later maybe 1000 pip loss if short here... given uptrend isn't that more likely? cheers.
EUR/JPY
- shellsnail replied Nov 27, 2013
Here is fine, I will try to answer as much as possible, but I really don't want to reveal too much about the details of my method. (at least not yet, when I am ready to do so I might start a thread in the systems forum) Cheers. I see you have been a ...
Somewhere to document my thoughts...
- shellsnail replied Nov 27, 2013
I don't use any indicator. Those lines are drawn by hand. Box is just for illustration purposes, doesn't really matter it's the rough area.
Somewhere to document my thoughts...
- shellsnail replied Nov 27, 2013
Hard to say no to such a good opportunity...
Somewhere to document my thoughts...
- shellsnail commented Nov 27, 2013
Trigger for a MUCH needed correction perhaps.?
Australia Private New Capital Expenditure and Expected Expenditure
- shellsnail replied Nov 27, 2013
Why do you think it's manipulation? It's supply and demand. Someone/Something out there Somewhere is buying it fervently so it is going up. They might be manipulating it or they simply ACTUALLY need the currency to do their business or whatever. Why ...
EUR/JPY
- shellsnail replied Nov 27, 2013
You are right about one thing, all things fall - what goes up must come down, it's just a matter of time... But as traders, is our job to 'right the wrong' or to follow trends and make money?
EUR/JPY
- shellsnail replied Nov 27, 2013
Looks like weak shorts were washed out from NZD by that spike and reverse, where will it go now I wonder?? follow the trend, guys. speculators and retail make up only a small portion of the market. the real money driving things have their own ...
Somewhere to document my thoughts...