EURUSD

1.3973. 2 Trades. Profit for one only 33 pips.
No SL.
I am following my M30 now. H4 can up more.

Let's see.

I would think so. :-)
See picture.
http://img81.imageshack.us/img81/5621/34344343.th.jpg

I'm trying to get in short at 3969. I missed the first chance as I was enjoying a shower.

I will short in the 5 min TF if we touch 1.3958 ... with a SL at 1.3980

atlast u r seeing pressure from ? volume on mt4?

Watching 1.3986 or 1.3936 area for possible long again .By this time short done tp 1.3936.
fontu

yes, volume.

I'm short at 1.3964 with SL at BE... now where is my target?

I am waiting to see over 1.4000 to short more heavy, but my H4 is running out of time, that's why!

This end of the week is very risky to trade.

I still see that there is a big possibility to see more up moves this summer and we can see Euro at 1.50 again.

So open shorts at these levels only for short term.

I see near term further down and up moves.

For now I am only scalping.

Can you explain the rules of X and O's please?

carefull news in 15 min

Uaaaah! BE SL hit. Flat again. I m leaving way to many pips on the table lately.

Tell me about it! I have left half a shed full all over the lawn!

Stay out of this market till 10:30 very choppy right now. Action should start around 10:30

Around 10:30 what time zone? We have 15:56 right now here. Or better 13:56 GMT.

Good trading !!

wrong!!....how about 10Am est.....http://www.forexfactory.com/images/icons/icon8.gif


mm

eu bullish

A quick question to 'fundamental style' traders. We have just had two news releases (10am EST) both listed in todays FF calendar, that were good for the USD, so why did the euro move up ?

That's a tricky question. You're right, actually good US news should be good for the Dollar. BUT: Good news mean as well that money can be invested. That would result in a flow out of the Dollar into higher interest rates currencies like the Aussie, Kiwi and so on as risk aversion fades away. The Euro gains as well as it's just the Anti-Dollar. So as long as the interest rates in US are so low it's not the currency anyone wants to put money into.

Another thing is that after good news other US assets like treasuries get sold as well and stocks are bought. This can lead to some pressure on the Dollar as well...

3rd: Inflation. As there are huge amounts of Dollars out there this has the risk of a huge inflation (which will come btw). This would be very, very bad for the Dollar because the FED can't simply hike the rate because that would kill the economy. Especially banks sit on huge amounts of Dollars which just wait to be invested. As soon as this starts the Dollar will be punished very, very hard.