EURUSD

dinosaurs didnt adapt.

listen to driver/peta. both have exit plans..

m/m is a sweet chocolate. just dont let it melt in your hand. or it may not be chocolate in your hand.

speaking of useless....i don't know of a more boring job than regurgitate canned financial analysis.

harpersindex what is your reasoning for the spike to 1.49? Here's mine

maybe.

4800-4900 need to see price action around levels. i've posted awhile back http://www.forexfactory.com/showthre...60#post3290360

I'd say we were range bound...

snore...yeah, scalping and getting ready to go north i might even add more longs around these price levels.

just thinking differently, if price can't break & hold below 1.47 & not validate the existing diamond next few attempts or soon it should go up for next leg.so taking care to the shorts from now .
fontu

We are trading below all those supports you mentioned in your post. Any close below those levels we are going to see new low's

Sorry about your pain. It is a good time to look at what worked and what did not. You can at the very least come away with an education.

Some feedback. First I have traded all markets for more than 20 years so not new to trading issues.

The only thing that will move a price is buying or selling in the EU. Not news, another pair or political environment. If I had a trillion dollar position in EU and I believe the long term, long trade is over and begin to sell it at the rate of 300 billion a day. No matter what the news, the price is going down until I am done selling. One can argue why would I sell it if the news is good. Well, the news is a beard for trading plans determined and being carried in advance of news. Massive positions are not taken or sold based on 5 minute or 60 minute chart.

Assuming your account is not at red-line, with effort and planning, you can work your way out of it.

Hang in there,
BR

For EU pair:
1.4730-1.4690 range is yoyo line
1.4780-1.4670 range is the hard line
Breaking any side from 1.4900-1.4605 will be the trade direction
Breaking any side from 1.5145-1.4444 will be the clear direction

Enjoy!

your opinion, i look at the daily bars...whipsawing around 4750 and 4700. I've been scalping this range above, below it hasn't convinced me of break...

I don't have to be in the market every minute..
I can wait for what I am looking for before jumping in.
I make more money that way..
One thing is when pa leaves this consolidation it will be a significant move.
The longer pa stays here and percolates, the bigger the breakout will be.
I can wait. That'll be worth waiting for. Up? down? I can wait until I know before I hop on board.
No need to try to second guess now.
When it happens then hop on board..

harpersindex that's why I mentioned a close below those levels would be needed. In my earlier posts I mentioned to take profits off the the table at these levels. I am not a scalper but hey whatever works for you

adapt

Economic recovery talk has been 'checked' by the latest comments from new [GERMAN FIN MIN SCHAUBLE], saying the economic crisis is now yet over. He sees 2009 German GDP in to around -5%, with a deficit 3% of GDP this year, rising to 5% in 2010. He also sees unemployment continuing higher in 2010.

[EUROPEAN FX CLOSE] Year end markets took on a decisively dull tone with little interest and no direction to trade. BoE a non starter in terms of the Pound, that late on suffered at the hands of talk regarding a Gbp 70bln black hole in the UK's public finances. See page . 15:54 GMT - [MORE FROM GEITHNER] Geithner says unemployment would be much higher without TARP. He notes, though, that the stigma of taking TARP funds limits is use among small banks, saying the resulting limit on bank capital impairs small business lending, adding to the credit crunch among small businesses. Dealing with the TARP stigma is necessary to deal with small business access to credit. Moving on to mortgages, Geithner says about 750K home owners are paying an average of $550/month less on their mortgages due to mortgage modification programs and that a "tremendous amount of force and persuasion" is being used to push mortgage servicers to make more modifications permanent. (Recall, though, that half or more of modifications involve inadequate documentation, and missed payments are a problem for a fair minority of modified mortgages.) 15:50 GMT - After all the earlier [ECB] talk and ahead of scheduled speeches from Draghi, Pres Trichet and Weber (16GMT, 17.30GMT and 18GMT resp), the latest Reuters [POLL OF TRADERS] finds the upcoming Dec 16 [1-YEAR REFI] could allot Eur 100bn, ie less than expected in a similar survey just 2 weeks ago (Eur150 bn) and probably reflecting the fact that the rate will not be fixed at 1%, but will track the minimum avg bid rate. The poll, however, shows the expected allocation f/c range is between Gbp 25bn-200bn with 18/25 money market traders saying the ECB should extend its unlimited funding policy past Apr 2010 even though it has said 6 month LTROs will end after Q1 and next week's 12 month tender will be the last of its kind. A separate Reuters' poll, out yest, saw EMU GDP contracting 3.9% in 2009 and expanding 1.2% in 2010, while the main refi is seen on hold at 1% until end Q3 2010, then rising to 1.5% by end 2010.


[GERMANY] expects its [PUBLIC DEFICIT] to blow out to 6% of GDP in 2010, doubling from 3% this year, a govt source revealed. This would push debt out to 78% of GDP, adding another 5% to this year's 73%/GDP estimate. As the public finances are in the red, the govt will have to resort to borrowing to obtain the required funds seeing its net funding needs at Eur86 bn next year. Meanwhile, probably just caught by journalists on the way to the EU summit reception which is due to start at 16.15GMT, Chanc Merkel adds more to the EU's agenda, saying that it will be discussed how the Euro can be kept stable.

big1red9 fine post;]

but, what if there're no buyers ? what you do ? for example nobody wants to buy eur now and you want to sell it... and you've got 900 bilions .... what now.. ? and data is bad... and everyone thinks it's going down

I get the feeling we may have some surprises towards the end of the day

Just think. No expectation

1 word 4 this day....HORROR)
blood and body parts)
like when u close the bomberman game: u can go outside and play now)

you did