EURUSD

Go the Euro. A snap buy at 4312. SL at BE at 1.4312

The longer trends are bullish though,
however shorter trends such as 5-15m are bearish

it's broken.

Gator can you please tell me ure SL..i seem to always enter the wrong SL

Closed at 4342.

I'll short the little resistance zone 1.4360 point targeting 1.4270-1.4240 and a stop @1.4410

i dont know where its going... but im looking for 1.28 then 1.04.... soft sl now above 4411/12 then 1.4440/46...below 4500 but only for lt trade.

when we consolidate like last couple of weeks i day/scalp trade.. usauly when i enter close to bottom or top my sl is tighter. but i aways wait for a pullback... but since im up a bunch today ill be a little generous.. with sl..

Short 3 lots at 143.40, SL 143.70 TP1 142.80 (just inside support) I will post chart in a sec to explain why

oh ok..
eujpy tanked right now.. so good news for us

Under 1.4 today? Of course, anything is possible, but, I guess, 60 minutes is a long time in FX trading?

Given the bounce back, I guess the big end of town took up your challenge?

i saw that

There is further pressure on UK Chanc Darling to provide clearer details on how the govt plans to tackle the budget deficit as the [TREASURY SELECT COMMITTEE] (TSC) will today (12.00GMT) publish a report on the 2009 PBR. The Parliamentarians will warn that sketchy plans do nothing to reassure markets and the govt's failure to clarify its fiscal position could lead to a significant jump in the cost of servicing the national debt (also subtly pointed out by Pimco o/n who warn of a rating downgrade on this - see 7:30GMT update). The Labour dominated Committee said ministers will have another opportunity in the March Spring Budget for the public to see where the spending axe will fall. That, however, will be a tricky proposition ahead of the general election, touted to be in May. Recall, Chanc Darling has said that economic uncertainty means that it is not possible to say what scale of cuts will be required.

Following a sharp drop lower in early trade on the back of the Eur/Usd fallout, [AUD/USD] is steadier now, with various CB and semi-official demand for the Eur helping put a floor under losses.


ISTANBUL, Jan 6 (Reuters) - Turkish markets weakened slightly on Wednesday as investors raised fresh doubts about prospects for Ankara sealing a new loan accord with the International Monetary Fund.
The doubts were fuelled by Turkey's sale of $2 billion worth of 30-year eurobonds yielding 6.85 percent, part of a projected $5.5 billion borrowing in Eurobonds this year, which triggered questions as to whether Ankara would now need an IMF loan.
"The Turkish Treasury took advantage of strong interest in the emerging markets, which is reasonable. However the timing of the issue raised serious doubts on the 'expected' IMF deal," Tera brokers said.
The lira eased to 1.4755 against the dollar on the interbank market from 1.4710 on Tuesday. The yield on the benchmark Aug. 3, 2011 bond <0#TRTSYSUM=IS> rose to 8.95 percent from 8.89 percent.
Markets, sceptical after a steady stream of IMF-related media reports in recent days, shrugged off a report in Sabah newspaper that a roadmap for a deal with the IMF would be completed in January and it would be worth some $10-15 billion.
"Discussions with the IMF are on-going, albeit at a relatively low intensity level, over a possible programme, but for the government this still remains Plan B," said Royal Bank of Scotland economist Timothy Ash.
"Plan A is still "go it alone" to prove to the world that Turkey has graduated from the need for crisis-mode IMF financing," he said.
A previous $10 billion stand-by loan accord expired in May 2008. Protracted talks on a follow-up deal have as yet failed to produce an agreement amid government opposition to conditions set by the IMF.
The main share index <.XU100> edged down 0.08 percent to 54,072 points after closing up 1.4 percent on Tuesday. Last year it rose 97 percent, among the best emerging market performances.

i think next eu down spike is soon

hope so. i have a heavy support line right at .4326.

See chart attached...trend is down on every higher timeframe, so I look for failure to make a higher high on the 5 min and then pounce. As soon as the randy candle had formed under the 55 SMA I was in. Lets see how it plays out.

I think it would bee safer to short under that current suport line. That would be a sell at 1.4275

i guess nobody understands what I'm saying but hear goes:

Whenever a major trandline is broken there is a major pullback. We've finally broke that trendline that has formed since march. Now we are at a major support area and it's pullback time. I'm not saying that it can't make a new near term low but I am saying I don't think it will be by a lot of pips. Also, this daily consolidation is probably accumulation. If you look at the 1 hr. chart you will see a trend upwards.

Careful...on the 4hr we have the 1440 as support right now, right under that is the 1200. This will be a tough nut to crack, but if it's cracked (4218/20)......hope you're on the right side.

hmmm what one? march.... i had that one broke 6 weeks ago..

Correct..


Wait for a better higher level to short OR for a firm break of support at 1.4250 area , anything in between is clutching at straws.

Its still a range, why take positions in the middle?


In the mean time this dips can be bought with a stop just outside this support area.



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Bought again at 4350 Go the Euro