EURUSD

has got it....early today...now looking for another retrace...what is your bias for this week?

thin market + bad data = massive reversal ?

Exactly,

4H was oversold then..once support held that was the time to buy.

Trying long now is chasing, if anything its time to watch out for possible top side failure to short..

Buy dips, sell rallies

gold 1173

FYI gold trading record high 1174

still eur/usd looks like it doesn't want to break above 1.5 yet

I'm rather unsure but favor a test of 1.5060 high. But I'm long with a very small position only...

i think we wont see 1.5 today .. for me its more likely to dooown ....

yeah i got in on that but i shut all my longs coz 499 made nervous

this can be a brutal week. it has been in the past for many traders.. something big is around the corner. the trend is up. but you can flip a coin when oil gets above 80. i was looking for 82 for a while now.. hang on if you dont have to trade it may be best to see what happens..
its your account so dont let anyone bs into a trade.


The [NHO] - Norway's main business lobby group, expects weaker economic growth in 2010 than predicted by the CB and govt, suggesting that weaker forecasts for oil investment and private consumption are the reasons behind the thinking. The Norges Bank's view on private consumption next year does not include an expected weakening in sentiment as the jobless rate rises, says the NHO, who also expect oil investments to drop in 2010 as energy groups limit Capex amid weak demand for fuel due to the economic downturn. The NHO is also concerned that further rate increases could lead to currency appreciation, thus hurting competitiveness.

Short ERU -14990 - 15000
TP - 14920 - 4860
SL - 15055

Rocket time 6.10M

6.10m

Existing Home Sales 6.10. is green.

buy the rumor and sell the fact? EUR should have taken out 1.50-1.5020...maybe later in the session?

Nice, maybe we're getting back to good US data is dollar positive

Existing home sales were far stronger than expected, rising 10.1%. Inventory fell to 7 months supply (though there is a so-called “shadow supply” of homes in the foreclosure pipeline. The data was the best since February 2007.
Stocks are racing higher and gold is above $1170 though the EUR/USD continues to lag, now at 1.4985. forexlive.com

Well I'll admit, I'm down about 100 pips since my last short....not good...

Have to wait a bit more and decide what to do...

So I guess if all news is good news, then I guess we depend on technicals? lol!

something independently push dow & S&p to higher and higher what is it?

oh well im off to bed, i expected a little more movement out of that, never mind maybe later on in the morning

night all

good luck and happy trading for the rest of your day


cheers