EURUSD

it is FRIDAY
anything can happen. G7 meeting...
too much risk... lower your leverage...
free advise

No-one shocked here as UK Chancellor [DARLING] says FX is likely to be discussed only in general terms and suggests Britain targets the inflation rate not a particular FX level. [GBP] little changed on the headlines, Cable hovers 1.44. Eur/Gbp up the best part of a cent from earlier 0.8832 lows, initially weighed by soft EU GDP releases and far-fetched hopes that relative Gbp weakness would somehow become a major issue at this weekend's G7 meet. Judging by the headlines, protectionism very much at the top of the agenda.

And there you have it... That actually touches on one my AutoRant buttons, and since it is Fiday...

There's this old tired cliche that shallow people like to propagate that says... "Those that can, do. And those that can't teach".

While that may sometimes or even often may be true, it ought not to arbitrarily extend to those that can and have done both. I like to think that there comes a point where those who can... "did" and now they teach instead of pursuing an end to their days that does not include a measure of passing on hard won lessons to the next generation in some fashion if they so choose w/o being looked down on as some kind of incompetent idget.

Try that cliche out at one of the BUD/S schools at Coronado or Little Creek... and don't forget to take lunch and a flashlight.

I'm a big believer in leaving "Legacies" instead of a vacumn. I think it was Milton Hershey that said "If you die rich, you must have lived poor" ((or close)) while still managing to leave a legacy that endures to this day well beyond his immediate family.

And you don't have to be "rich" as determined by a net worth balance sheet to leave a legacy. A knowledge base that survives and thrives and can be dipped into by any who are willing works just fine for me as well.

Critics... who ever critiques them?
End of Rant

Alrighty then... EU seems to be struggling a'rd my DP at 2941...

It has been said clearly before in this forum that you are free to speak about any currency you like, as your comments are gold valued. I can't imagine anyone here that would reproch you to speak about a matter that you deal so well with, even if it is in other currencies.

Under my point of view, it is more interesting to speakk about the yen or gbp here, than spending so much posts, as per an example, about one or other member (elg, for inst.)

If we should reduce this post to eur/usd only, it'd become boring.

My kindest regards, Driver55, I wish i have your knowledge!

Jack

still holding my shorts from 1.306x,1.2980 and 1.2966. just buy for some couple of pips following the W only.

O.K. D55, here's the deal... With as much solid input that you apply to this E/U thread, I feel there is absolutely no need to apologize for throwing other related currencies in the mix. E/U is still the top dog in this thread, but keeping up with the puppies is also necessary...

Short Eur/USD 1.2852

More likely when so much correlation has been prooved, like the eur/usd reacts with the usdchf . I would never have paid so much attention if d55 wouldn't have spoke about it. I am really gratefull to him and to his others currecies comment. I repeat: I wish i had his knowledge.

Rgds

D, after the hundreds of posts we've all had to endure from "you know who" w/o one single contributing syllable in return from him, I wouldn't worry about a very few worthwhile references to something you feel is helpful.

You've earned that right and you use it well imo. Quit apologizing.

I would like to know whom the d**** have reproached it to him... must have been an ignorant

But i don't feel like going back in the thread to look for it.


rgds

I am out, right now (1,286)

SL of 10 pips hit I'm out for the day.

tp hit +50. add to my short. did anybody follow

1,2885 short

Short 12885/ SL 12905/ TP 12771-41

to clarify, no one actually did, it's just that driver is a very considerate and helpful member of this thread who wanted to be very sure he wasn't out of bounds, and replied to a vague statement that was not really saying otherwise. no one was jumping on him.

it's all cool in any event.

u should av waited to 1.2900 area cos it will get there in few minutes.i have pendin around 1.2905

that sl is toooooo narrow.it will hit. try adjust it to around 1.2960 if u can afford it. just my 2cent. best entry point for short is around 1.2905 to 1.2910

I confirm

Anybody long? I am long t/p 1.3016 !