EURUSD

yes it s been very good day . i hope you had a good day

Said this at around 3965 yesterday. 4025 to the pip.

Just got back to the computer to see this worked out great. Was a good day while away.

yeah its true about gold /silver its just time question when its gonna take off

My first target is .3860 in my charts I agree with you about .3660 it´s marked in aqua meaning strong S/R level. Thank you for the tipp about the bearish engulfing...didn´t see it that way.
BTW nice trading room!
Cheers.

Not bad. Was down big on the AUD/USD earlier in the week but turned it into a fairly decent winner.

Down a bit right now on this pair at the time being.

Heh, yeah I know...and I don't typically do that, but I wasn't leveraged very much throughout the trade (only minis) and there was a strong downside bias and all technicals pointed to it continuing downward and breaking 3940. I also noted that the market ignored the negative USD news at 10:00 (just like it ignored the positve news 24 hours earlier) cause the strong downtrend was already in play. It was just consolidating in the 3940s, so I knew it would continue downward...and that I would kick myself later if I had gotten out, cause it was already a swing trade at that point. There was no technical reason for it to turn around and go north again.

Now if that was the NFP news at 10:00, I would have certainly gotten out at BE.

oh great i was on about getting in the community whatever your view is really it doesnt matter . we here to learn of each other and help in anyway we can so we have a winning team. though i ve one position short on it to get to 1.3750 i will take a long trade on it to catch the pullback

are you still on a trade with aud/usd and is it long or short

i m really glad we ve got some good traders in here to take this market

already alive several days this fall, and also think of this occurs

Hi all,

As a new trader i'm well pleased with my shorts from 3985 plus a few more around 3950. So far ive topped 100+ pips today - easily my biggest win since i started trading with real money a couple of weeks ago.

I've brought my stops down so i'm trading free now, profits locked in and i'll see where this downtrend goes. Might set tp around 3850 for couple of positions and leave the other to run as far as it will.

It's been good reading your input and hope to learn a lot from you all.

beebolbod

Exited my position about 14 hours ago. I was long.

...

I prefer 1:3 R/R ratio.

American Finance system crooks and Big TARP Lie

Dylan Ratigan will explain it to you in close details, so you

have some clues.

I updated chart to show the tp levels in a not confusing way. It is about 1:3 r/r

Sometimes one have to stick to his ownn view...sad that to that time I didn´t..
I hope I learned the lesson.

American finance system



Choices

Try Again, Bailout!, Let Fail, Nationalize!!!, Coup D'etat, Socialize, Go To Congress, Go To War, $1 Billion, Raise Fed, Cut Education, Press Conference, Print Money, $90 Trillion, Sell To China, Lower Gas Prices, Telethon, Tax The Rich, Bad Bank, Indian Casinos

lol

Gold is looking for a break out in 5 min tf.

BRUSSELS -- The European Commission on Wednesday put Greece under more pressure to slash its deficit, saying the country should have one month to spell out its budget program for the year.
The tough talk on the euro zone's weakest nation briefly helped to shore up the Greek government-bond market, but gains evaporated later in the day amid worries over other wobbling economies in the 16-nation currency union. The Athens stock market ended the day nearly 2% lower.
Portugal's government-bond market weakened, and Spain's was off as well. Portugal on Wednesday saw low demand in a Treasury bill auction and sold fewer securities than expected. The cost of insuring Portuguese debt against default hit a record. Spain increased its budget-deficit forecast for 2010.
Greece remains the euro zone's most-troubled spot. The country recorded a budget deficit of nearly 13% of gross domestic product in 2009, far above the European Union's 3% limit.
The commission, the EU's executive arm, accepted a planned fiscal diet under which the Greek government has pledged to get its deficit below the 3% threshold by 2012. But the commission warned that further spending curbs and new taxes might be needed to fix the country's public finances.
"We know that the implementation of this program is not easy . . . but we need to support it" and monitor it closely, economic affairs commissioner Joaquin Almunia said.
The commission is concerned that Greece is relying too heavily on fixes like combating tax evasion, which could take a long time to bear fruit and have been unsuccessful in the past.
On Tuesday, Greek Prime Minister George Papandreou outlined more-concrete measures that appeared to provide some reassurance, saying he would freeze public-sector wages and impose higher fuel taxes. Researchers at Athens-based Eurobank EFG said these moves would yield 1.2 billion euros ($1.67 billion) in additional savings and revenue this year.
The plan drew complaints from the umbrella public-sector union Adedy; on Wednesday, the union confirmed plans for a 24-hour strike on Feb. 10.
"These measures won't be the last," Adedy President Spyros Papaspyros said. "Participation in the strike and in the demonstrations for next Wednesday will be decisive."
Still, many Greeks have come to accept the need for a period of relative austerity. "It's easier when it's an order from Europe," said Giannis Lounas, a 30-year-old Athens surveyor. "The majority of people know that these measures have to be taken."
The commission's report recommended that Greece has until March 16 to outline how it will achieve this year's deficit target -- 8.7% of GDP. In previous cases in which countries have broken the EU's budget ceiling, the commission has never asked for so much detail so quickly, but Mr. Almunia said a rapid, credible plan is critical.
Budget cuts are essential for the country, which has seen its borrowing costs soar in recent months, prompting fears of default. Signs Athens might struggle to execute its budget plan could spur an even sharper selloff of Greek government bonds, further stretching the country's finances. Failure also could punish other euro-zone economies with large budget deficits, including Portugal and Spain. In its March report, Greece has to provide a clear timeline for its budget cuts and show it is "ready to adopt additional measures if needed," the commission said. Starting in mid-May, Greece will have to provide quarterly progress reports.