EURUSD

why not ?

Yes +1
Support, Break down.

i'll offer you 3910 at the moment lol

Well its gettin late & I'm up 7% so that's enuf.

I am tryin somethin new: I refuse to lose any significant amount of money. Pretty good, huh? This has been a hard thing for me to learn how to do. Kind of a paradox - I have the kind of personality like...I just hate to lose...so instead of cutting losers short I would hang on to them in hopes that they would turn around and win in the end. So this has been my main problem - lots of steady earnings punctuated by large stupid losses. No more.

Reading through the old linuxtroll threads I found his mantra - pretty good for any of you newbies and other seekers, if you hadn't seen it yet - its attached.

Good night.

I saw that somewhere, good info...

Good mornin everyone. Is current price still a good short?

no you'r too late.

I't time to think about covering shorts not taking new ones..

As i said In my previous post, In my view NO, we shouldn't break 1.3910 and long start here

But to 13910 is a good 20 pips down :] Do you think we will not bounce to it, and then bounce back-up?

Here is a trade I'm working on in my demo account.

Since this is long and against the trend I do it in demo...

I'll get out at the upper trend line.

All I want to say is had it closed below 1.3927 and I think we would have seen 1.3881 - still could happen but support is here for now.

Risk to reward kinda sucks in that case...

sent to me by a friend....thought people may find useful...



Let me first highlight the two most important things in Europe from this past week, namely still clearer signs of a dovish ECB, and fiscal disagreement throughout Europe.
1. At the ECB’s press conference last Thursday Trichet decided to make virtually as explicit as he could their policy of “easing by stealth”. He said that they are happy with the results of the 1-year repo operation, they are not worried about the (temporary) build-up in deposit at the ECB, and they are happy to see eonia between their deposit and policy rates. Also, he went out of his way to make clear that they have not decided against a further rate cut. In my view, this will happen in September or October if the money markets curve is not behaving. The market (correctly) took this as a dovish sign; we think the money market curve has further to go.
2. The debate in Europe over fiscal exit (or no exit yet) strategies heated up last week with the Sweden using its power at new EU presidents to call for coordinated fiscal consolidation to begin soon. This was music to the German ears, while it contributed to French president Sarkozy postponing a meeting with visiting Swedish PM Reinfeldt. As we discussed last week, the French are considering rolling out another fiscal stimulus package to stem the rise in unemployment (there is a great front page article on the speed of French fiscal stimulus in today's International Herald Tribune.) These latest divergences in fiscal strategies across Europe are just the latest example of the pronounced lack of coordination within the EU during this crisis. A compromise will be found, but we’ll most likely get a good deal of additional fireworks between now and then. And before leaving the fiscal stuff, I noticed that Moody’s downgraded Ireland last week. No surprise here: In spite of pretty good policy measures, the Irish fiscal stance remains horrific and the ratings agencies are still on the look-out for opportunities to make up some of their lost ground.

And on to the most important part of this coming week:

1. Obama will be in Europe all week; in Moscow Monday-Tuesday for his first "summit" with the Russians and then on to the G8 in Italy. We don't expect much.
2. We'll get hard data - industrial and/or manufacturing production - for May this week throughout most of Europe, including in the three big Euro-zone countries, the UK and Scandinavia. Following months of better survey data, there should be some stabilisation (or smaller declines) everywhere.
3. In the UK, the MPC will leave rates unchanged on Thursday, and – most likely – add another £25bn to the QE for July.

Obama is in town: President Obama will be in Moscow for a bilateral meeting with Medvedev (and Putin) on Monday and Tuesday. This will be potentially interesting for international security issues, but for economic issues it is virtually irrelevant. Then on July 8-10 the G8 leaders ill meet in L’Aquila, Italy, to wrap up months’ of G8 ministerial meetings across a number of areas, from international security to the environment. The global crisis is of course on the agenda, but I doubt that anything specific will come out of Italy on this occasion. One potential issue could be the US plan for a carbon tax on imports from countries without emission caps, which a number of countries (mostly in EM) have warned could trigger a round of protectionism. I also wonder if Russia might raise the issue of the dollar’s role as global reserve currency, although it increasingly seems a Chinese project. This debate amuses me because it is often discussed as something political leaders decide upon, when indeed it is the simple result of businesses and savers around the world choosing what currency they want to invoice their exports in and what they choose for their savings; convertibility being one necessary, but not sufficient condition. All in all, I don’t think one should expect anything major on the economic front from this summit.
In the Euro-zone, its hard-data-week. After months of better surveys, its time for the industrial production numbers also to show some improvements for May, although we got off to a shaky start on Friday with a worse-than-expected industrial production number for Spain - but let's hope: The German IP number is on Wednesday (we expect +2.3% mom) and the French and Italian numbers come on Friday (we expect flat and -0.1% mom for those two.) If we are right, then total Euro-zone IP should be up by about 1% mom for May (out in a week and a bit). Also, on Wednesday we’ll get the revised Q1 GDP number, but we have no reason to think it’ll be any different from the horrible -2.5% qoq already reported.

and remember, if you don't understand current price action, zoom out and look at it from longer time frame.

thanx for the mantra

can u give me a web link for this news?
i predict euro will keep goin' down baby!

Can't close below last weeks low

sorry friend, don't have it.

MT

Was this text written by a russion analyst?

that's cool anyway.

sorry, no idea, thats all I got.

tks