EURUSD

And this is why I don't trade on Mondays

that may just be a good plan

We've reached the day's HIGH!

Now what?

Pretty easy day to trade scalps, just using mercenary mentality (i.e not being biased to a position (short or long)) it's a real piece of cake to follow, over 100 pips easely made. Now closed @1.2993 going to lunch, back after NY open.

1.3025 would be cross over 20SMA on Daily.

Will it hold? After the stimulus announcement will there be a sell the news scenario - or will it be outright dollar buillish in the near term. Inflation expectations are not to be realized until later in the year, perhaps not until 2010. Even assuming if it get's over the 1.3025, who is to say while the 20SMA turns the bottom we will not revisit it.

Locked + pips are okay with me.

equity markets might be in for a wild ride.. be careful... the nutty politicians we got holding a press conference every 30 min wont help,,,,

The [BOE INFLATION REPORT] (IR) out on Wed is likely to prove grim reading and at the same time expose Darling's rather optimistic f/c of an H209 recovery. Recall that in the Nov IR the BoE had already f/c a 1.3% contraction in 2009, but after the plunge in Q4 data and continued restrictions in lending, growth could be further reduced, and sharply lower. Give the revisions, the IR will potentially provide a steer on whether the MPC sees a move to a zero policy rate and quantitative easing as inevitable, or whether a pause in the pace of monetary easing is in prospect - recall BoE/MPC appeared to suggest this with talk of substantial stimulus already in the pipeline. The key at present is whether the stimulus is sufficient to push infl back to target or whether the output gap is large enough to keep infl low despite monetary policy, bearing in mind that the transmission mechanism there is impaired.

i think im going to enter a short pretty soon

May be 3050????
(if we broke 1.30)

it should come down by now...
but the market is too lazy

short at 1.2980

What we have here is a little flag waving going on. Since everybody is so happy for Obama Yo Mamma they decided to run up the flag and the only one they had in the flag locker was a bull one with an up side breakout. So the good ole boys in the halls of congress got up and decided to run it up just to see who would salute it . (note to self : don't forget the smiles, theese guys are not used to you yet and do not know that you are a professional crazy person.)

An ACB has been a reported [EUR/USD] buyer and the headline has made fresh 1.2995 day's highs. There have been few data releases to impact trade so an improving DJI (-46 vs triple digit losses at Europe's open) as well as a general anti-Usd bias supports. Light stops tipped on a 1.3000 break and in greater size through 1.3020/25 and the 20-day move ave. A sustained break of the latter would look more constructive technically at least, we are told, but we see little sea-change to the current greater range trade environment. The Dow possible next driver here, with a 1.2970 vanilla the closest expiry for New York cut. Last at 1.2980 and a UK clearer a noted seller from highs.

a new 5 min candle was formed... accordingly to mouteki charting, the next bull confirmation is 1.2995.. and the bear would be below 1.2972.

i smell bull shit...i aint chasing them

for example

at this time, all shorts are dead!


btw.. there is a 1.2970 option barrier.. it might be that that is why we are above it..

and stinking!

My candles all show bull all the way but we are comming up on some key resistance soon so hold on to you shorts.

damn forgot those smiles agan

daily pivots eu..1.2894...1.3041...1.3140....1.3287
wk1.3271
my 50% shows 1.3274