Menu
Sister Sites

  • EU leaders strike deal on long-term austerity budget

    From reuters.com

    European Union leaders reached agreement on the first ever cut in their common budget on Friday after 24 hours of talks, seeking to placate millions at home struggling through government cutbacks and recession. The expected deal met the demands of northern European countries such as Britain and the Netherlands that wanted belt-tightening, while maintaining spending on farm subsidies and infrastructure to satisfy the likes of France and Poland. It will be the first net reduction to the EU's long-term budget in the bloc's history, representing a decrease of around 3 percent on the last budget and shaving spending in ... (full story)

  •  Guest
  • | IP XX.XXX.188.206
I have heard a lot of good news for EUR but still, Bull has broken horn.
It means deeper recession, GDP minus....
Shadow by subprime in US once again
is this news good for eur????
what tends to happen with the euro is that news which reinforces its current trend will be acknowledged with overreactions in price action.

if the news does not reinforce the current trend it is simply ignored, which i believe is happening in this case.

keep in mind this is just my opinion.
  •  Guest
  • | IP XXX.XXX.159.54
EU/US looks like it it is ready to pop . Long long long
Quoting godrich
what tends to happen with the euro is that news which reinforces its current trend will be acknowledged with overreactions in price action.

if the news does not reinforce the current trend it is simply ignored, which i believe is happening in this case.

keep in mind this is just my opinion.
Just remember who has been buying EUro?? THe japs, until Bank of Joints start to buy again to prop up Yen, show is intermittent for the time being.

THat's why don't rely on news to trade, pay attention to what the big boys are doing instead. After all they are the one who can move market, though not necessary true all the time but strong enough to move it.
  •  Guest
  • | IP XX.XXX.213.5
jonahky7 you think of a collapse of the euro up to 1.29100 and such.
for week
EUR/USD pair’s long awaited retracement back to 1.3000 is here and EUR will ignore all the nice goody news coming from the eurozone. Manipulators have successfully pulled many skeptics on EUR rally into the bull party and later changed themselves into the bear coats. All the bullshit about EUR is not over-valued was part of the plan to win more into the slaughter house; they got my 35 pips - stop lost!
Have a great weekend everyone! Holding all of my shorts over.
Quoting Guest
jonahky7 you think of a collapse of the euro up to 1.29100 and such.
for week
Take it a step at a time buddy. With Bank of Joint possibly stopping on their shit buying of EUro, as what that Asshole Fin Minister from Japan said, there should be more cooling down. Just carry on shorting and buying at each RS line and you will be safer.

Monthly pivot at .34082 next monthly support at .31712 then .30248. R will be .36452 and my favourite .3780/916 area.

Next weekly support .3337 then strong .32926 line. So pick your choice.

GO with the price action even it looks odd or non-believable!!! Otherwise risk paying the price of lost pips.........good example moi, shorted for 140pips yesterday then lost 48pips to long at .3439 which on my chart was a strong pivot line - heyho. Coz I don't tend to hold for weeks or months like the yellow submarine below, I rather take the cut and recoup. And yes I managed to recoup 40pips ~x20times the 48pips I lost last night.
PS: DO remember what Goldman Sachs is playing out at the moment.


Looks like yellow submarine is about to see some miracle soon again. It's always the case for that yellow submarine, yack yack yack about entries then the market sway the opposit almost 50pips min immediately - then to hundreds of pips before reversing. It then do it's rain dance for over a month or even longer for a MIRACLE to happen. The foghorn is heard once again and it will be arrogant once again, sigh some arrogant idiots never learnt. But it was good that I don't see it yacking its entries in ff for quite some time.......lol
Quoting DragonFire
EUR/USD pair’s long awaited retracement back to 1.3000 is here and EUR will ignore all the nice goody news coming from the eurozone. Manipulators have successfully pulled many skeptics on EUR rally into the bull party and later changed themselves into the bear coats. All the bullshit about EUR is not over-valued was part of the plan to win more into the slaughter house; they got my 35 pips - stop lost!
You will get it back buddy!
Quoting jonahky7
You will get it back buddy!
jonahky7,

how are you doing, buddy? I got sucked in and went LONG from 1.3382...I couldn't wake up early to to grab at least 30pips when it reached 1.342 this morning...anyway I shorted from 1.339 to 1.3360...got back 30 pips....and will short again soon...I think the parasite may be going down....unless it closes above 1.3379 today....then Monday it may test 1.3447....
  • Post #14
  • Quote
  • Edited at 3:11pm Feb 8, 2013 3:07pm | Edited at 3:11pm
The only news i look at is FOMC, BEN, ECB and Draghi. They change market direction every single time without fail. The rest of news are pretty much rubbish.
Including the ones you are 400,500,600, pips out on? You know some of you really don't help yourself.

Quoting jaygee
Have a great weekend everyone! Holding all of my shorts over.
  •  Guest
  • | IP XX.XXX.124.144
The four biggest groups in European parliament rejected the agreement and ask to start from scratch:

http://www.alde.eu/press/press-and-r...liament-40861/
  •  Guest
  • | IP XX.XXX.213.5
Quoting jonahky7
Take it a step at a time buddy. With Bank of Joint possibly stopping on their shit buying of EUro, as what that Asshole Fin Minister from Japan said, there should be more cooling down. Just carry on shorting and buying at each RS line and you will be safer.

Monthly pivot at .34082 next monthly support at .31712 then .30248. R will be .36452 and my favourite .3780/916 area.

Next weekly support .3337 then strong .32926 line. So pick your choice.

GO with the price action even it looks odd or non-believable!!! Otherwise risk paying the price of lost...
Thank you. and have a nice weekend
Marco.v
Quoting sharif09ce
is this news good for eur????
hey buddy, what does cut, tighten, reduction sound to you..
Quoting DragonFire
jonahky7,

how are you doing, buddy? I got sucked in and went LONG from 1.3382...I couldn't wake up early to to grab at least 30pips when it reached 1.342 this morning...anyway I shorted from 1.339 to 1.3360...got back 30 pips....and will short again soon...I think the parasite may be going down....unless it closes above 1.3379 today....then Monday it may test 1.3447....
hey buddy, I was like you lost 48pips yesterday from the 140pips I won. Shorted till .3439 and long - the rest was history but got back 40pips x30 from .3372.

Suspecting that Bank of Joints noise is damping out, so just trading what I see on my chart - and I hope that will work for the short term with BOJ hopefully out of the picture. But with G20 summit, they may be farting one end and doing shitty stuffs the other end, so I'm going to be careful. I don't trend for days as I only day trade so ain't bother too much about what crap trend based on whatever.

In anycase all the best for you buddy, may the pips be with you and the rest of us.
  •  Guest
  • | IP XXX.XX.139.236
Makes sense to be at 1.30
  •  Guest
  • | IP XX.XXX.223.251
Join FF
  • Story Stats