EURUSD

On the monthly charts it's easy to see why we're having a hard time with this level... Once it's broken it doesn't have anything for awhile.

I was just making the point that the 1.5100 number any time soon is just as likely as the .8500 level... Actually the .8500 could be hit if what the French bankers say is true "No stopping the unwinding of the EU".

[quote=qp2;3466411] what is the anwser to life the univese everything!!

Greece, Spain and Portugal may show some improvement from March 2010 and complete this cycle by September. If they do not by September, I will go short in October.

What are u laughing about bro? Are u long EU?

My stops are between 1.3500 and 1.3400. Promise to set stops at 80 cents for all longs entered below 1.0000. You may like to move your profit target down to .8050

he´s crazy...

You have misunderstood him, sometimes his posting just needs a little more follow up to be understood.. hehe... But he is one of the best here

Wanna share some good news as PA is poised to test the upper retracement level @13750 as the low of 13528 is temporary capped and will now act as the new resistant level. This will be only after another run down to retest 13560 level......

Hope to be that missing piece for those who are discerned.

GL and cheers all...

Bookmark this post for future reference.

I was thinking about moving my take profit on the EU to Zero but I don't want to hold this position for more than a few weeks.

Don't worry, I understand your limitations.

hehe..nothing ..funny to see some number....anyway looking for u for our business...maybe i'll ctc u in june/july...hope u ready that time...anyway hos life mate...am still no mood to trade with current PA

mm..i'll let u crazy as well after this ..just give me less than 3 hr

Last Thursday's show of European solidarity for Greece failed to calm the markets or reassure investors in Greek sovereign debt. So today the euro-zone's finance ministers will be back in Brussels to try again.

It's hard to imagine a country less deserving of solidarity than Greece. Its debt-to-GDP ratio is nearly double that of would-be savior Germany, and the previous government in Athens was actively concealing a 13% budget deficit. Some European leaders are also beginning to understand that there is an even bigger threat to the euro than Greece's public finances. The single currency itself could be dragged down by the consequences of a bailout for one small profligate country.
A default or debt standstill would be disruptive and painful, especially for Greece. But it would also be clarifying about the purposes the euro does -- and does not -- serve. Above all, the crisis should underscore that the euro is not a debt union. The treaty instruments that established the single currency left no ambiguity on that point, but the mooted bailout of Greece is undermining that resolve. And a debt union, far from bolstering the euro, would destabilize it, perhaps permanently.
It is true that until a couple of years ago most euro-zone sovereign debt traded as if it didn't matter much whether you bought German, Italian or Portuguese bonds. With Greek bonds now trading two to three percentage points above German bonds, which are Europe's benchmark, and Portugal's bond yielding more than one percentage point more than Germany's, the markets are pricing in differential risks of default.
Greek Prime Minister George Papandreou and his Spanish counterpart Jose Luis Rodriguez Zapatero have chosen to characterize this divergence as the result of an "attack" on their countries or on the single currency. In fact, the widening spreads are nothing more than a belated acknowledgment of reality. Joining the euro did not turn spendthrift governments into sober ones. Greece had enjoyed what appeared to be a free lunch as German interest rates pulled down everyone else's in the currency bloc for a decade.
More broadly, governments around the world took advantage of a suspension of the normal rules of fiscal probity during the financial panic of the past two years. In that environment, governments borrowed very freely to support their economies and banks. The strong investor aversion to risk at the height of the panic meant that there was a huge appetite for that debt at almost any price.
Now that recovery is under way in many places, that flight to safety is being unwound and investors are starting to sort out which countries have done the most long-term damage to their public finances. It turns out that countries sporting budget deficits north of 10% of GDP and overall debt burdens larger than their national output are good candidates for an early heart attack. Far from being irrational marauding by speculators, this is sensible investor behavior. Greece's European partners may now be coming to see that there are limits on their own capacity to tap the credit markets as well. A normality of a sort is, in other words, reasserting itself when it comes to investor tolerance for governments that live beyond their means and make promises they can't keep. If Paris and Berlin are smart, they'll grasp the point before they yoke themselves to Greece's debt. Otherwise, the whole euro zone could find itself dragged down by the profligacy of a few.

wish i would of thought of this

No bro, I am not best or even better ........ Just able to trade on a timeframe different from many because it is easier for me to follow without compromising on ROI. I keep position sizes very small but play big swings.

Bro, am doing fine. Thanks.
You wanna come to US in Summer? I probably would be in Jakarta, Indonesia during that time frame.

0,85 cent is rather exaggeration but 1.07 is imho still possible.
Depend on overall EU condition in near future.

reference

http://www.forexfactory.com/showthre...er#post3072425

damm...mm..i'll re-plan n ctc u later..

anyway watch out ur long on EU....
dont be trap...catch u tonight in YM...