[23:48:49] jeongwoohan: Hi everyone!!!
[07:03:21] dug: anyone in any trades right now?
[09:29:18] giovi: hi guys good morninmg
[09:29:50] giovi: reentered eur long 15m at 1.4399
[09:30:23] giovi: audusd at 0.7013
[09:31:28] giovi: eurjpy h4 zcl enter long at 127.39
[09:36:02] giovi: closed first lot at on euro at +100 pips gain and moved sl at BE , moved also the old first trade at be of second entry
[09:39:30] giovi: closed first lot of audusd at 07113 with gain + 99 pips and moved sl at be on this entry and also move to same be old long entry
[09:43:05] giovi: close first lot of long eurjpy at 129.39 with gain + 199 pips and moved sl at be
[09:44:40] giovi: guppy stopped out at be
[09:50:24] dug: wow crazy moves just now
[09:50:48] dug: good trades giovi...im in the same ones
[09:50:51] giovi: i love when there is situation
[09:50:59] dug: i'm also short usd/cad from ZLC
[09:51:02] giovi: good dug
[09:51:19] dug: eur/usd amazing
[09:51:48] giovi: yes
[10:55:39] bink: bink! bink!
[10:55:56] jkapf: hi all
[12:11:00] jkapf: guppy 15min, short dropin approaching
[13:46:32] giovi: USDCAD 15m possible forming drop in short
[13:56:26] andy: Gents - how goes?
[13:56:56] giovi: fantastic
[13:57:53] andy: good man - you making a killing in the market?
[13:58:18] giovi: it is nothing
[13:59:05] andy: I was just reading that the BOJ is again talking about intervening in the market if the USDJPY continues to climb
[13:59:26] andy: i read a similar article about 6 weeks but the tone of this seems for serious

TOKYO, Dec. 17 (Xinhua) -- Japan hailed the drastic interest rate cut by the U.S. Federal Reserve, while hints at intervention in yen's surge against the dollar.

Prime Minister Taro Aso told reporters Wednesday that Japan hopes the rate cut will bring about a positive effect. Also on the day, yen climbed to upper-88 yen zone against the dollar and Finance Minister Shoichi Nakagawa said Japan is ready to "take every necessary move to tackle the fluctuation in foreign exchange market."

[14:00:34] giovi: no problem , we'll trade in in agreement
[14:01:18] giovi: USDCAD 15 m approaching drop in short
[14:04:06] andy: i really like the idea of that was discussed yesterday of a wiki stylen dashboard of drop'ins /zero crosses etc
[14:04:29] giovi: yes it is a nice idea
[14:05:38] andy: i hope that works out - it's sometimes difficult to monitor all the crosses ..especially while at work

[21:07:49] Nikos: ciao jiovi, come va?
[21:12:29] Nikos: I got stopped out on the Drop entry...misplased the stop, but fortunately at no loss
[21:53:13] jordan: hola
[21:54:46] Nikos: spreads r wide again
[21:58:21] jordan: think this new trend in the $ will stick?
[22:01:08] Nikos: i dont know, 4 the moment i went short on the eurusd at 1.4140, will follow down until the indicators deflate, then will see
[22:02:36] Nikos: i think the market is confused (me included)
[22:03:40] jordan: it has it right today with USD selling off & gold & silver rising!
[22:04:53] Nikos: yes at least that jibed
[22:06:04] Nikos: how are equities today, did not check yet
[22:07:16] jordan: up big time; 4% & 5%
[22:09:04] Nikos: well, actually they should simply on account of the interest rates and classic end of the year party
[22:09:41] Nikos: but after that...."dive-dive"
[22:10:11] jordan: just "normal" market fluctuations for these days we now live in
[22:11:42] Nikos: the thing i did not expect was the rise of the Euro and fall of oil
[22:14:34] jordan: wow.
[22:14:55] jordan: i was not aware. that is highly unusual and I do not know what to make of it
[22:15:31] Nikos: this is why I said i was confused
[22:17:57] jordan: if that were to continue (this is the 1st time we are really noticing it) I would have it is because oil will be traded in EUR eventually
[22:20:53] Nikos: I had exactly this thought...
[22:34:09] jordan: thanks Nikos, fantastic observation and thinking!
[22:53:51] Nikos: ok cu have a nice day and don't forget to stop for a min and look outside your window, its a creation out there 4 you to enjoy with only two requirements: not at the expense of others, and be thankful you can. Have a nice day

Fed Rate Decision
[19:53:28] jordan: jkapf, Dollar Sells Off Ahead of Rate Decision most likely cause of big move in $
[20:04:01] jkapf: jordan: does it mean US is lowering again interest rates? Competing with Japan maybe... makes sense, GBP got weaker on the run up of two interest cuts...

Deflation, Inflation & Hyperinflation
[20:06:04] jordan: problem with that though is two fold; first once you get to zero you no longer have room to cut interest rates and get stuck like Japan. Secondly and more important is all of this money the Fed is printing is going to cause inflation and they will need high interest rates, low interest rates will help create this inflation
[20:07:01] Nikos: printing more money now will not inflate but deflate...
[20:08:14] jkapf: cutting below 1% would mean a desperate reaction and also indicate that the fed has lost control... the example Japan set a decade ago should prevent cuts below 1%. This would be bad IMO...
[20:08:22] jordan: yes deflate the currency (make it worth less) but directly cause inflation (prices to be higher - cost more $ to buy the same)
[20:09:13] jordan: I agree! The only thing that makes sense is Abolishing the Federal Reserve and stopping this manipulation of our currencies!
[20:09:14] Nikos: as consumers cannot buy, production will lower prices to sell
[20:09:32] Nikos: so initially will be deflation
[20:11:13] jordan: yes, initially will be deflation (right now USD has gained strength) but then will come inflation. Look at Zimbabawae, they do not have money to buy and prices are rising out of control. This is an example of when inflation becomes hyperinflation.
[20:12:53] Nikos: I have a 100,000 Zimbabwean dollar bill! its not even a cent worth
[20:13:59] jkapf: stick to it, maybe some day it is 1:1 to the USD again...
[20:14:49] Nikos: he he he...as things are going...for the moment they use it to wrap fish
[20:15:34] jkapf: .... who said money stinks ... here you go.
[20:16:06] Nikos:
[20:26:08] jkapf: interesting ... imaging paying a cup of coffee with 1 quintillion (10^20) of whatever ridiculous paper currency.... "keep the change" ...

Adding to Our Position
[20:27:04] jkapf: guppy (4h) building up for a short drop in... still a bit to go for the stoch.
[20:28:12] jordan: I am showing my stoch above the 70 level on the 4 hr?
[20:28:59] Highvibes: I've got 1/2 million Iraqi Dinar that actually doubled in value over the last few years..not bad
[20:29:24] jordan: I see, current stoch is above 70 level but last close was below
[20:29:29] jordan: thanks for the heads up jkapf
[20:30:00] jordan: that should continue to increase, huge oil revenue, us paying for all the new infrastructure and defense...
[20:30:47] jordan: how about that silver Nikos
[20:31:50] Nikos: I expect a dip lower and ready to load up, I sold half my entry on the recent top
[20:32:29] jordan: nice move, same here and playing it the same. We have jordan/Nikos confirmation. This is a good setup
[20:32:56] Nikos: he he he....whatever
[20:33:37] Nikos: jordan this might go way down too, will see
[20:36:16] jordan: i think the USD will still gain MUCH strength and this will cause Silver to loss much value in the process (before reversing violently). What the heck do I know though
[20:37:31] Nikos: I agree, and I don't know either but I am ready for the scenario and if it hits we r going to cash in big
[20:39:31] Nikos: There are some rare opportunities building up these days for entries that can last months
[20:40:08] jordan: coming Conquer Drop In

[20:45:33] Nikos: I would feel better if it hit 85 or above before it turns down, but will take it anyway
[20:52:43] jordan: our last drop in took the 2nd try before going our way, hopefully this go we nail it on our first!
[22:17:27] jordan: looks like a fantastic spot to be adding to our short
[22:18:08] jordan: deep down trend & currently stoch becoming overbought against the trend