EURUSD

The gold 1h timeframe looks a lot like USDJPY in 4h timeframe.
Can anyone tell me what this pattern is about?

LONDON (Dow Jones)--The euro's recent rally faltered in Europe Monday, sending the single currency a little lower and helping the dollar to rebound, due to fresh fears over Greece's ability to continue funding its budget deficit.
See the euro's rise falter:

Over the weekend, Greek Prime Minister George Papandreou helped to focus attention on the issue when he said that Greece needs help so that it can borrow like other countries, not at high rates that will undermine its ability to pay.
This comes as the market waits to see if the country's public debt management agency launches a EUR5 billion 10-year bond issue as expected this week.
The pricing of the issue will be key for reassuring the market about Greece's ability to continue raising funds.
"Any consequent widening of bond spreads is likely to hurt the euro once again," said Gareth Berry, a currency strategist with UBS AG in Singapore.
The euro was also knocked by a denial from the German Finance Ministry of a story in German magazine Der Spiegel, claiming that Germany is considering an aid package of as much as EUR25 billion for Greece.
In his interview with the BBC at the weekend, Papandreou also admitted that Greece's borrowing needs are only covered until mid-March.
So after early gains, the euro turned down again with investors showing less appetite for risky asset markets. This was reflected in stocks with gains in most Asian markets followed by small losses in most European bourses.
Apart from fluctuating sentiment towards the euro, currency markets were also facing some uncertainty over U.S. interest rates. A surprise hike in the U.S. discount rate last week initially lifted the dollar as speculation over a rise in the Federal Reserve funds target rate increased.
However, Friday's data showing a 0.1% fall in core U.S. consumer prices last month quickly reversed all that as the figures signal there is little pressure on the Fed to move just yet.
The market will now be looking to see how Fed officials view policy in a number of speeches scheduled for this week. These include Fed Chairman Ben Bernanke's testimony Wednesday and Thursday to the Senate, in which he is expected to repeat that the discount rate hike was only an indication of the normalization, rather than a tightening, of monetary policy.
At 1045 GMT, the euro, which had earlier risen to $1.3655, fell back to $1.3603, down from $1.3613 late Friday in New York, according to EBS,
The euro is also down at Y124.23 from Y124.64 after rising to Y125.28. The dollar is down at Y91.35 from Y91.65. The dollar was slightly higher at CHF1.0769 from CHF1.0767, while the pound was lower at $1.5457 from $1.5467.

Price has encountered some support at 1.3590... the pair must break 1.3580 then to go downtrend further... resistance has been defined at 1.3650 (little more or less...)
No more importants news today... so we have only market sentiment to see the direction of the money...
Gold is trying to test 1116 zone... hidden divergency seen at 1hr chart compared with most oscilators showed that yesterday´s evening...
At US market opening gold usually goes down because the need for us cash to make transactions...
Right now... it is very unpredictable to see the direction of the pair... but I´m still in the bearish group... I will wait to reach 1.3550 to make any decision...

1.3525 FTW!

Well, you see it is like this...they don't trade on their own account??? All orders are passed straight through to the interbank market..lol...In fact, they don't even have a trading desk??? Sure!

Mostly they don't respond to me?? When they did, I was directed to check the "High bid-low ask...What is the point of posting prices??

This account is not long for this world.

Besides, I am really not that good a trader and other people have different prices??

This will have any effect on the euro?

Air travellers braced for chaos Monday as pilots for Lufthansa, Europe's largest airline, began a four-day walkout that was expected to force the cancellation of thousands of flights.

hello ,
any ideea on the best pivot point calculator ?

Well folks have fun with your shorts....

I'm re-entering my long position from last night again...

See you at the finish line!

I would go to TOOLS MENU > OPTIONS > TRADES TAB > DEVIATION

and set the deviation for 5 pip

Nothing to do with the broker, but when you set a tight deviation of 0 pips orders are mostly missed in a fast moving market.

Set deviation to 5 pips and you will never miss your targets again.

yes.. if more strikes the more unstability. a crowd gathers a rock is thrown, a shot is fired.

Morning all

Anyone actively trading EUD? If you are, your crystal ball seems a lot brighter than mine. Even scalping opportunities look unreliable.

Hard to see where a breakout is going to occur....

Damn, sounds like where I grew up in Queens N.Y lol

well there will soon be tractors blocking the roads. that dont happen much in queens..

Probably just a coincidence.

you got that right. i didn't realize they were that bad over there.

hey gatorinla , what pivot point calculator do u use ?

Market just made its wave 4 correction after the third wave i bought at the high of the third wave and got out about a min ago captured 43 pips cuz dont think it will dip any longer. Going in to a wave five ... i guesstimate that was going on, am new to elliott wave. Look for a bull market these following day.

no regulation... big boys can say anything they want. "such as we moved 500,000,000,0000,000.00 through our bank".. and it could be bs.. oops software error.

not gator, but this site is pretty nice.
http://www.actionforex.com/index2.ph...ge=0&Itemid=30

i dont use any. search acuman he has a bunch of auto pp posted.