not really abstract at all. actaully once i saw it i had to slap myself for not seeing it right away. "The extent and timing of any additional firming that may be needed" has been removed from the statement, and not by mistake. see this post: url ...

FOMC Statement

yeah, but only because you are a stop hunting bastard!!! LOL!

FOMC Statement

ok, here is what the dollar weakness is all about, specifically... in the previous statement, that last paragraph reads... and here is the last paragraph from new statement... so you can see, the line "The extent and timing of any additional firming ...

FOMC Statement

or not! LOL

FOMC Statement

where are you getting that from? i dont see any hint of a cut in the statement

FOMC Statement

here comes the reversal

FOMC Statement

wow look at the EURUSD go! yesterday i thought we would get a negative dollar reaction to this statement, but i thought it would come from a subprime mention in the statement. i dont see that, however.

FOMC Statement

hmm, not sure what this dollar weakness is about, i might have to fade this if i see it run out of gas...

FOMC Statement

here ya go... url there is another one floating around here but i forget where it is...

News trader EA

just saw president of quicken loans on CNBC, he confirmed that subprime is spilling into prime. he said around 15% of borrowers that would have been approved pre-subprime-fiasco are now being denied. ouch!

Subprime Worries

FXTerminator, do you notice that all the experienced traders here can plainly see that you are not a trader? its called "real recognizes real". its so obvious that i would cut off my pinky toe if you can show me a brokerage statement that is more ...

This so called "self-destruction" of trading systems...

oh yeah, another one i use frequently is ATR (and friends). standard deviation also comes in handy in the same way that ATR does.

What is your favourite basic indicator???

i would have said price, but i didnt want to get cute knowing this thread is about indicators

What is your favourite basic indicator???

what, you dont like ADX? read welles wilder's book and tell me the guy is not a genius. i am a price trader, mainly, but the one indicator i find myself using as both a quant and fundie trader is the ADX. its like salt to a chef and yes, i am as ...

What is your favourite basic indicator???

they are thinking subprime is overblown, i believe. then again, they could be thinking dollar is oversold.

No Rules Trading

yeah man we need more like you (us) around here information is gold baby! and i agree, dollar is in trouble, i will be selling rallies.

No Rules Trading

nah that wont work either

TEB sytstem

LOL yeah that was me. the "holy grail" title is so cliche it hurts my eyes LOL.

TEB sytstem

yes, this is the yield curve predictor. here is a great article about that from the NY Fed.... url to be honest, until i read this piece i was in the camp that thought there is not enough evidence to say inverted curve is a reliable leading ...

FX News Trading For The Week Of 3/19