EURUSD

I'm going in short at 1.3873.....for maybe 10 pips

This is is the 6th attempt since late friday to get passed here and its been pushed down each time.... interesting battle at hand right at the 23.6 retrace on 1 Hr chart.

I hope you got back into this trade.If so, I will try to find the exit.

I went long @3866, now@3886. What else do you need to know? Get in right now, and get out with 15 pips.

what are you saying bonus pips to the top side???

I see it crashing down from here...just waiting to go short

Thanks , I am taking care of it.It is going in a bigger format. ok.
fontu

I think it should bounce at least 1.3910~20. And then re-down to lower than 1.3780. :-)

SHANGHAI, Feb 1 Chinese bill and bond yields
mostly fell on Monday after the government announced a slip in
its purchasing managers index (PMI) for January.
The China Federation of Logistics and Purchasing said China's
PMI fell to 55.8 in January from 56.6 in December, its first dip
in eight months. [ID:nTOE610022]
The indicative five-year government bond yield
fell to a three-week low of 3.0173 percent bid on Monday from
3.0245 percent on Friday
Traders said that, while the PMI may suggest traders had
overestimated the strength of China's economic recovery, it
remained above the boom-bust line of 50 for an 11th month in a
row, while a separate PMI survey by HSBC actually rose to a
record high of 57.4 in January from 56.1 in December.
[ID:nTOE61003S]
They also warned that one month's PMI data was not strong
enough evidence to show that the pace of the recovery was
slowing, and some analysts said the data indicated rising cost
pressures.
The People's Bank of China (PBOC) may continue to step up
quantitative tightening to withdraw liquidity in coming months,
via its open market operations, bank reserve ratio hikes and
window guidance to smooth out corporate lending, traders said.
"The PMI data is negative on growth views but authorities
still need to prevent policy from being too loose," said an
analyst at a major domestic bank in Beijing.
Ba Shusong, a senior research fellow at the Development
Research Centre, a think-tank under China's cabinet, said on
Monday that Beijing might increase interest rates once consumer
inflation exceeds the one-year benchmark deposit rate of 2.25
percent. [ID:nTOE61004A]
But in a research note on Monday, CITIC Securities forecast
that January inflation, due for release in mid-February, would
ease to about 1.6 percent from 1.9 percent in December.
The Economic Information Daily reported on Monday that
Chinese banks issued net new yuan loans of nearly 1.6 trillion
yuan ($234.4 billion) in January, pointing to a much slower pace
of lending in the last 10 days of the month.
Analysts expect a targeted monthly average for lending of
about 1 trillion yuan in the first quarter after China's banking
regulator said the full-year target would be about 7.5 trillion
yuan.

ya i know that we are in down trend, i'm talking about the next session...

Daily Market Scenario - Monday 01 February 2010 (Setup -- Rolling 24-hour rates)



EUR-USD

Market should not go lower than 1.3808. After this move down it should go up to 1.3946 area ...

USD-CHF

Uptrend is still intact in a triangle configuration. It should continue to rally to 1.0645 or 1.0672 if support around 1.0577 hold. After which a pullback to 1.0577 - 1.0544 zone is possible ...

GBP-USD

Market should not go lower than 1.5983 - 1.5917. After this move down it should go up to 1.6081 - 1.6114 area ...



This Is A Simplificated Setup Text - FAB THREE PAIRS ...




Viel Spaß !!!

this could go up for awaile, but I always take profit when I see it.

i don't know about you guys my longs are working for now, i will get out soon if things don't head north for another hour or so...

Yes, take profit in a little while.

Over Sold on 5m & 15m we could see the drop now for a few pipies....On 5 & 15m min chart we hit the 1.382 profit taking Fib twice...(1.3893)

since we hit 91/92 and it shows respect.. next level cant be counted out.. bull still seems weak and we still have to cross 3903.. im holding my shorts..and will take other half position at target area.. i only took half position friday.. if we get there without respect at 3913.. other then that beware of traps. we also closed a bear weekly and monthly candle..

I will grovel hard,if wrong, but I only see uptrending patterns.No charts. No nothing, just sensinging the PA.

I m in long at 1.3884. Against my plan, but bull seemed pretty strong. Will set SL to BE soon...

bulls may want to save their money. we got all day.. dont let one get away.. trendlines are not broken.

ya i'm planning before UK goes to work

E/U will go down Like a young school girl on prom night