EURUSD

I'm short again @ 1.3498. I keep seeying that possible head and shoulder pattern. O well, im using a tight stop, so if it doesn't work, no man overboard.

good luck all

Actually I'm going to use 1.385 as my target this time...if its strong at that point, I'll milk it to 1.4200 one way or another....

2nd UPDATE: BOE King: Fear Bank Reform Won't Be Seen Through

DOW JONES NEWSWIRES

(Adds King comments on narrow banking, mark-to-market accounting.)
By Natasha Brereton
Of DOW JONES NEWSWIRES
LONDON (Dow Jones)--Bank of England Governor Mervyn King said Thursday he is concerned that international policymakers will fail to undertake sufficiently aggressive banking reforms to prevent a more serious financial crisis occurring in future.
Giving evidence to a banking commission hearing on the future of banking, King said he sensed a willingness amongst global policymakers to consider more radical reforms, such as U.S. plans to restrict activities that deposit-taking banks are allowed to undertake.
"At the same time I think if the time horizons of the people involved in those discussions...are short, they will find deep reluctance in pushing ahead with a debate about fundamental reforms, which will take time to conclude and then to implement," King said.
"My fear would be that we will have this debate, that we will set out possible alternative models for the structure of banking, and not very much will happen, a sort of Basel III. But it won't actually prevent the next crisis, [and] the next crisis will be even bigger."
He said he sees no reason why reform of the banking system should damage the long-run growth rate of the economy.
King said he hoped policymakers could tackle the problems facing them head on, "difficult and unpleasant though they are." But he also said they shouldn't rush through changes to the banking sector.
He reiterated his support for the idea of narrow banking, which would prevent deposit-taking institutions engaging in risky activities. The idea is "irrefutable in terms of logic" and the "only long-run solution of providing adequate protection to retail depositors," he said.
Given the huge size of its banking sector relative to the economy, it is particularly important that the U.K. takes action to prevent the taxpayer having to step in periodically to support banks that are too big to fail, King said.
"That is not a sustainable position for a large international banking center," he said, noting that whereas the value of assets in the U.S. banking sector is less than its gross domestic product, in the U.K. they are worth five times GDP.
King also said it is unfortunate that the use of mark-to-market accounting in the crisis had sullied its reputation.
Noting the views held by others--particularly in parts of Europe--that banks should instead choose what they believe to be appropriate valuations, King said: "I think that's a very dangerous approach."
"Mark-to-market accounting is of fundamental importance in an industry where we are dealing increasingly with assets that can be traded."
Accounting practices can be improved, but mark-to-market shouldn't be abandoned completely, he said.
-By Natasha Brereton and Laurence Norman, Dow Jones Newswires; [IMG]chrome://skype_ff_toolbar_win/content/cb_transparent_l.gif[/IMG][IMG]chrome://skype_ff_toolbar_win/content/flags/gb.gif[/IMG][IMG]chrome://skype_ff_toolbar_win/content/space.gif[/IMG][IMG]chrome://skype_ff_toolbar_win/content/space.gif[/IMG][IMG]chrome://skype_ff_toolbar_win/content/arrow.gif[/IMG][IMG]chrome://skype_ff_toolbar_win/content/space.gif[/IMG][IMG]chrome://skype_ff_toolbar_win/content/space.gif[/IMG][IMG]chrome://skype_ff_toolbar_win/content/space.gif[/IMG][IMG]chrome://skype_ff_toolbar_win/content/space.gif[/IMG][IMG]chrome://skype_ff_toolbar_win/content/space.gif[/IMG][IMG]chrome://skype_ff_toolbar_win/content/space.gif[/IMG][IMG]chrome://skype_ff_toolbar_win/content/space.gif[/IMG]+44 20 7842 9254[IMG]chrome://skype_ff_toolbar_win/content/cb_transparent_r.gif[/IMG]; [email protected]
Copyright (c) 2010 Dow Jones & Company, Inc.

yesterday I´m more bullish than today, maybe you reason, but a stop in short at 1.3520 is better

Nice method first part but managing so many pairs at the same time is truly a nightmare for me. I take 1 or 2 only

Hi all
morning-evening. whatever you guys got there.

Anyone expecting a big drop in ALL stars AUD and NZD ? or gold ?
sorry for offtopic.

The proper way to post is your not supposed to pit your trade against other forum members here. You just state your opinion and why. Preferable you back it up with charts but no drama. I think I was even put in the newbie category for going long by these supposed experts but I counted green pips yippie. Of course their mad we stole some of their pips. In fact I love it when their mad, the end result is I win.

Hi DMA,

Interesting you mentioned AUD and NZD.....I have actually been eyeballing the pair.....I believe it will fall, possibly today or Sunday.

I already have a signal on it, but it will have to hold up until this evening for me to even consider taking it.......

if you want to risk it with a tight stop, it may drop some today......this is one of the reasons I feel the EURUSD is prepping to climb.....

Futures in free fall, news out?

*edit I'm out my short, to much resistance

They expect another raise in rates later on. but I don't think they might get that. RBA was concerned about Greece last time.
And even if they got to 4% that will be all for a time.

I will watch this AUD/CAD/NZD commodities play really close. Yesturday they kind of sold commodity related stock big time. Also Goldman is bearish on Copper. even if i like AUD and CAD so much No hard feelings though.

some volatility because KO and Heinz reported earnings

I have feelings the pa has paused here for a short bullish.
Hope I am right checked the H1 situation
We can see a ' V ' FORMATİON when US session opening...

' VI ' right now hmmm

My USDCAD is kickin in......

News came out positive for GBP by the way....

Most Germans want Greece thrown out of euro

The scale of public resistance throughout Europe to a potential Greek bail-out has become clear as it emerged that the majority of Germans think the Mediterranean nation should be thrown out of the euro if its problems deepen.

http://www.telegraph.co.uk/finance/c...t-of-euro.html

We might reach 81.45 on USX today.
i really depends on the news. but. might see a double top there.

this thing is going down. added my short again

Not at all bro...

Nothing repeats itself,it is all random regardless of trends in the past.

EURUSD seems to be heading south again...that weekly chart is just too damn strong looks like

gonna ride it out tho

yea +42 pip on my short