EURUSD

i love your pictures. . seriously, i really want my chest to become that bearish

Always be careful of what a bear like this could do to you.

Don't drop your pips.

Ohhh boy!!!! I would rather take a margin call than a bear like that

SL 1.2945 tp 1.2700

where did you enter?

sorry entered 1.2858

Becarefull...the price is try to long but not so long..so the best tu sell ia after 1.2900 the market look yo yo bounching.....

Just my view 2 send

Cheers for those scripts

...strewth... this sucker is exactly where i left it yesterday, crawling along sideways like a crab...

hope to see some action today.

going to hit the sac. will let my sell order take my place in front of the monitor. eyes are getting bugged.
oh ya, order to sell above this for sure. safe trading to all.

find the best looking trending charts you can. wide between the lines.. (more pips) .........now place a limit entry at the best possible price of that trendline. opposite of the larger trend...(the entry price is your wish price, your santa price) if it hits great, if not so what.. you do many pairs the same way... some will trigger most will not..shotgun aproach.......... dont be stingy with sl but be prepared to exit manualy if need be... be aware of s/r and fibs... use horizon line to mark tiny peaks and valleys of previous attempts.. once past one or 2 of them place a sl plus a few... tp can be other side of trend and can be moved as well as sl to keep you profitable..i sometimes place the entry well above a trendline to a fib ..... on a big move you can also use a 50% retrace for entry... the main thing is your not waiting on a single boring pair.. you increase your odds with entry by using more pairs and taking out the emotion.......its better then getting in after movement and watching your trade stagnate...for hours or days..works well in a trending boring market...

i think today is going to be a great day hopefully an end to my two day drout

Morning / Evening @ all

The [POUND] has borne some early European morning losses. Cable is down half a cent or so, while Eur/Gbp is tentatively back above the 0.89 mark. A better than expected UK services PMI, a RHS fix order and a US investor tipping a no BOE change helped a spike higher yest to 1.4580, but the realisation that a fresh 50 basis points cut today to a record 1.00% low is still most likely has brought Gbp back down to earth. For now, we see stops in place on a 1.4350 break, but given the Shadow MPC split too perhaps there will be no mass panic to exit ahead of the verdict. The 1.4300/15 region could prove decent support ahead. Last at 1.4385/90 as we await the HBOS HPI numbers.

today forecast

* Range 1,2870/90 resistance

For sells on condition of formation of topping signals the targets will be 1.2800/20, 1.2760/80 and/or further breakout variant up to 1.2700/20, 1.2620/40, 1.2500/40.

[EUROPEAN STOCK MARKETS] under pressure as financial stocks once again pull markets lower - Deutsche Bank announcing Eur3.9 bn loss. FTSE, also being hit by weak miners, now off 47 points at 4181 after hitting an earlier low of 4148, while Dax now 67 lower at 4425, with a low print of 4395. Bonds now drifting further and making fresh lows as dealers wait for rate announcements. Bunds off 23 ticks at 121.68 (lo 121.67/hi 121.89) and Gilts off 15 ticks at 116.75 (lo 116.68/hi 116.86). Short Sterling -3 to -1 going out along the curve, Euribor +1 along the strip. 08:31 GMT - Just ahead of today's BoE verdict (12.00GMT), [THE TIMES' SHADOW MPC] voted 7-2 in favour of another rate cut, but those wanting a further reduction were split on the magnitude. Several members argued that the issue is not the cost of money, but its availability, saying that with rates close to zero it is time for the Bank to turn its attention to quantitative easing (qe) instead or initially to the buying of corporate bonds. Some of the rate cutters - with the prospect of qe looming - saw little point in taking measured steps and preferred to cut by 75bp today (Wadhwani), but the majority preferred to reduce by 50bp, worrying that a larger cut would further destabilise Stg. Some thought that more could be done to stimulate lending through the creation of a 'bad bank', a scheme that Chanc Darling hasn't given up on yet even as the Govt pursues its plan of insuring banks against unexpected heavy losses on their loans.

Just on the wires, Japan General Estate says it is filing for [BANKRUPTCY] protection with debts of Jpy 197.5bln (over Usd 2bln). In 2008 and through the global sub-prime/credit crunch crisis almost 600 Japanese real estate companies failed. No real Usd/Jpy reaction so far, a few ticks higher to the 89.60 area, while JGB futures are a touch firmer on the news, we are told.

is anyone else having trouble with Oanda 'dis-connecting' this morning...?

just drops off, can't see any probs with other connected stuff i have running.

Whats the opinion of the rate cut on the Dollar? Strengthens the dollar?

Guys.....good to realize the mkt has a natural flow of 25-50 pips, except when news driven. With that in mind, it is good to take some profit off the table within that range, and then move the remaining to a slightly positive position, so you have no risk. There are different ways to move your stop, but if you do 40-50-75 pips a day, that's all you should need.