EURUSD

thats why hes on my ignore

Thanks for all going long so I could take my profits on the short. Without you guys I could not have done it. Time for some r&r.

it was.. but tweezers broke it.. just above red dot

Not so fast....my longs are still open.

Sorry for posting so much but i am trying to get to the next screen!!!!

I am concerned this is going to reverse and go BULL on us!

H&S has developed on 1 hour...

mirrow image tweezers. both rest on/below s/r fib

hey hey.....please step back from the computer.

You are going to jinx us bears damn you.

good morning, guys.

doin' well?

Thats fine but I am out with profits and in trading thats what counts.
Have a good one all thread followers.

hate to say it....but that USD chart looks scrumptious to the UPSIDE.

Let the EUR bear party continue.

some very good chart PORN for us to look at today guys and gals.

Not going to Jinx anything....

I have Bullish DIV on 5 min chart on EU and Bearish Div on CHF


This should have tanked by now...that 3483 held good but the 3475....maybe a fib...not sure if this is why.....

I would like it very much to go Bear on us....

hmm, im pretty new to forex. but from what i learned, H&S must all have a common neckline.

1st shoulder to neck does not touch the common line. Will it still be considered a H&S?

WSJ(2/25) Heard On The St: Political Crisis

DOW JONES NEWSWIRES

(From THE WALL STREET JOURNAL)
By Simon Nixon
[Financial Analysis and Commentary]
The financial crisis is becoming a political crisis, not just in Greece, where a nationwide strike Wednesday paralyzed the country, but potentially in other countries.
Governments made extravagant promises to voters over past decades. Now those risk coming into conflict with the promises made to bondholders. Ultimately, bondholder promises will have to be met in some form, as without their confidence promises to voters cannot be fulfilled for any length of time. But, given their track records, politicians face a challenge to persuade markets they can be trusted to deliver.
Take Europe. The Maastricht Treaty that led to monetary union included commitments to limit budget deficits to 3% of gross domestic product and total debt of 60% of GDP. Yet this was more honored in the breach than the observance, not least by France and Germany, which suffered no penalty in response.
Similarly, the U.K. government sought fiscal credibility with a "golden rule" of not borrowing to fund current spending over a cycle and not borrowing over 40% of GDP. The government fudged its economic cycle assessment and shoved borrowing off its books to keep spending.
That hasn't stopped governments trying similar tactics to reassure markets. The euro zone has promised a tougher application of deficit rules, demanding member states set out plans to bring them below 3% of GDP by 2013. The U.K. government has introduced a Fiscal Responsibility Act, committing itself to halving the budget deficit, set for 13% of GDP in 2010, over four years. Georgia is even proposing a "Liberty Act," to enshrine into its constitution a commitment not to borrow more than 60% of GDP, to limit any year's deficit to 3% of GDP and to require any decision to raise taxes to go to referendum.
Why should investors take these commitments seriously?
After all, Greece is resisting pressure to accelerate its fiscal cleanup, while pleading with its European partners for more support. The U.K.'s latest commitment to fiscal responsibility has only the sketchiest policies to reduce the deficit. Even Georgia's Liberty Act wouldn't apply in a recession.
Elected politicians have delivered fiscal improvements in recent years in Canada and Sweden, and may be doing so now in Ireland and the Baltic states. But this requires determined leadership.
Most European governments are instead betting on vigorous economic rebound bailing them out of their fiscal problems, while using the need to rekindle growth as a cover for continued spending. Yet if markets lose confidence, the required adjustments become even more painful and rapid.
No wonder there is half-joking talk in the U.K. that if the Conservatives win this year's election, they should call in the International Monetary Fund immediately to provide cover for unpopular decisions.
In Greece, the prospect of handing over fiscal sovereignty to unelected bureaucrats is, of course, no longer even half a joke. European Commission and IMF officials already are poring over the country's accounts.
Like the banks, governments may discover that the price of this crisis is closer monitoringof their deficits, as a number are forced to surrender some power to new independent oversight bodies, whether homegrown or external.
That may seem like a defeat for democracy. In reality, it would be an extension of thinking behind the creation of independent central banks, to avoid politicians mismanaging monetary policy to suit the short-term electoral cycle. Besides, the alternative could be far worse.
Copyright (c) 2010 Dow Jones & Company, Inc.

Look at volume.

london bridge is fallen down also. im glad im in that one also. still waiting for kiwi. tick tock.. gravity is a bitch

gator if USDX has broke thru...then why is this holding so well here? Is this being supported by smart money or intervention.....

you should of went bear long ago. you keep waiting for move that has already started. your mixing too many styles.

i did go bear a while go and got stopped out......got stopped out on this Bull move last week to on some of my Bear positions....just not good at getting in at the right place....I realize my weakness...just need to fix it.....you are correct!

FX University Daily: Tuesday, February 23, 2010


Euro Saga Continues

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