EURUSD

TP?

Oh, good

I am from 1.3600 and 1.3620


Cheers and good piping

Me too! I have been SHORT at 3627 and still holding! I did not see this move beyond that 3704 area on my pitchfork (DAILY).....

SO I am a loser at the moment. I was looking for a test of a double bottom of 3530 or Gator's number 348x before a move higher.

I do not see any Fundamental reason we went higher nor technically except for a retracement. The BULL has not had much power layely so I did not expect it to retrace this high.....

I am not liking this one bit...but goodluck to those LONG....

Is it me or most of the people were short the whole day....when the spike appeared to 1.3700 everyone was magically long since the morning.... lol

That is the reason for the spike, all those shorts had stops but not anymore.

thanx
but greece!! story was finished where was this Mr george
sudden jump up from bed and say this hooooofff

This time i think our momentum does not last long,
its more like a memento soon.

I love this, how fast stories are changed. They've push everyone into

Dollar long and now:

1703 GMT [Dow Jones] Kansas City Fed Pres Hoenig warns the U.S. central bank may come under political pressure
to finance the rising debt, a move that could bring higher inflation. "Fiscal policy is on an unsustainable course.
The U.S. government must make adjustments in its spending and tax programs. It is that simple," Hoenig said.
"If pre-emptive corrective action is not taken regarding the fiscal outlook, then the United States risks
precipitating its own next crisis". (LDL)

Ok no positions for me...i'll wait until the dust settles around 1.3800
Too dangerous to short now

"Horst Seehofer was quoted as saying that Greece is to blame for its current situation. For too long they have lived beyond their means. The EU can support Greece politically but not financially they must do it themselves. His comment reiterating what the Irish Fin Min said earlier about Ireland getting themselves out of their economic situation."

and euro still up

today greece is important but however USA don like strong $ these days
and push the wave I think

a good short at 1.38 tatget 1.3685 a buy there target 1.3870

getting close to the top now....

Originally was waiting on 3790-3800 as possible entry, but the way this is moving I might wait longer. Looking at h4, looks like big correction is underway and will move towards completion.

EDIT: We may be looking at 3900+ by end of day.

Opened a short at 1.3708. Not enjoying this ass-kicking. Waiting for a retrace, but it is being pretty damn coy. Ugh.

Latest 4H Trendline was broken to the Upside already..
I've drawn another one.. Let's see if that one will bring an end to this move..
or even up to the last Highs above 1.38...
Time will tell. Not in a trade at the moment

Foreign holdings of short-term U.S. treasury bills fell by a whopping $53 billion in December, the largest amount ever.
This was mostly due to China and Japan cutting back their positions by about $38 billion and $1.5 billion respectively.
The funny thing is that the last time the U.S. suffered a drop in demand anything near this, was right before a substantial rally for stocks. Perhaps it's because markets discovered that U.S. government policy tends to favor protecting stock market investors over government bond investors.


(EDIT: Note the original article AP article cited below appears to have had a few errors when differentiating between all U.S. treasury securities and just U.S. short-term treasury bills, official data is here)

AP

I think gold is going down now since everyone wants currencies now.
Its breaking down from a 4 hour trend and i think it may keep going for a while.

Time to let the bears in and play again

Short 1,3769
Stop +/- 30 pips
Target 1,3624

Time frame: 3-4 trading sessions

Scared that before any meaningful retrace happens equities might power up after lunch hour through the close, sending the Euro into orbit along with it. Yikes.

Converging Fibos. 1st and 2nd Meetings have been spoiled.