EURUSD

So greedy all of us.. watching FOREX on a sunday night haha.

Maybe Asians are working now, but Americans playing FOREX on a sunday night, that's funny haha.
I was tempted to trade long EURO...

But I guess I shall wait till tomorrow.

Damn, I've been playing around with my IB account since it just funded and opened a USD/JPY short. Came back and saw 3400 in the P&L column. Almost told the wife we were going to Morton's tonight until I realized they were giving me the P&L in Yen...

Tony probably took your advice blindly and got burned...he sounds bitter...I'm with ya though, still think EURUSD will climb. Some people simply look at different time frames and have different goals....is probably why the different point of view.

France says that will help Greece if needed...There is talk about the European Union forming something similar to the IMF, borrowing at lower rates and lending to Greece, or who ever needs to, at same rate they borrow, and this is the best that EU can do? Feeble at best...1.32 target intact. Just wait for the next round of risk aversion, and the Euro bulls go into hibernation again.

aahhhh... Mortons... nice steak.

The spider part was just a joke. It's a Fibonacci spiral which rotates clockwise purple is down and yellow green is up..
Dean

at 20.00h eyes on eurusd....

if eurusd > 3652.... and usdchf < 714....

it's another confirmation for the long trend.

I don't suggest anything ... species in this thread.
if you're short on my level ... Good for you.
But don't forget that you are responsible for your decision.

Well I think they just touch..so confirming what trend down or up?
thanks
Dean

maybe... your watch goes on ??

as malcomb14 says, nothing goes up or down in a straight line

a test of lower wall of this channel could bounce and send EUR much lower....maybe that's what we need now, a true retrace till 1.40 and then down again, as fundamentals don't seem to have changed.

edit: btw, until that channel is broke, no trend changes for me, only natural retracements

Two things seem to give me a good indication that the dollar is going to gain against the euro.

#1 Positive jobs numbers for last month despite the bad weather in the Northeast which analysts predicted would result in a further decrease in jobs

#2 Debt problems in Greece, Portugal, and Spain which will certainly cause the euro to lose value against the dollar


With that said, the dollar will gain value and thus gold will lose it. I trade gold only however I do recognize the strong relationship between this pair and the price of gold.

mine like now but might be a min fast..

I understand I'm responsible for my decision. Was just wondering how you selected the entry point on this trade.

This is another theme

up down Greece dojis volumes Golden Slacks no jobs peak oil China omg its all just so confusing. I am going to cash in my account and go to dog grooming school.

Jack the thing that jumped out at me most on that chart is the rounded top .. really clear

I see now, what you saw before.
looking for entry point for gold.
what do you think?

WSJ(3/8) Commodities Report: 'Fear' Comes To Commodities Trade

DOW JONES NEWSWIRES

(From THE WALL STREET JOURNAL)
By Jacob Bunge
CHICAGO -- CME Group Inc. plans to launch so-called fear gauge volatility contracts in crude oil and corn under a license deal with the Chicago Board Options Exchange.
The CBOE's Volatility Index has become a benchmark among stock traders, and futures and options on the index are actively traded; the greater global reach and marketing clout of CME could extend similar contracts into commodity, interest-rate and currency markets.
The two exchange operators have signed a seven-year licensing pact, the latest in a raft of recent index-related deals in the derivatives sector. Volatility-based products have become increasingly popular among institutional and individual investors.
"I think the idea's going to be welcomed by a lot of markets," Phil Flynn, an energy market expert in Chicago with PFGBest, said Friday. "The VIX formula CBOE has created for different indices has proven to be a valuable trading tool."
Index trading and license revenue have become a valuable stream for exchanges. CBOE, which is priming itself for a potential initial public offering, holds some of the industry's most valuable franchises.
CME recently agreed to acquire control of the Dow Jones Indexes. (The indexes were owned by Dow Jones & Co., a subsidiary of News Corp. and the publisher The Wall Street Journal.)
The agreement is also a sign of improved relations between the two Chicago derivatives heavyweights following the settlement of a long-running legal dispute over ownership rights.
CME plans to launch an initial five contracts by the middle of next year using the methodology developed by CBOE, which also will develop underlying indexes.
The two companies said they have "tentatively" agreed that the first new products could include crude oil, corn, soybeans and gold.
Beyond commodities, new volatility measures and futures contracts could be developed for other asset classes traded on CME's markets, including interest rates and currencies, a CME spokeswoman said.
"Conceptually, it definitely has merit," said one CBOT corn and soybean floor trader at the CME-owned Chicago Board Of Trade. He said a volatility index could help traders set up spread trades off the index and the underlying product.
The initial volatility indexes are expected to be introduced in the third quarter of 2010. Futures contracts on the indexes are likely to follow about nine months later.
CBOE already has VIX-related license deals with some smaller exchanges and also launched its own oil and metals products tied to exchange-traded funds, which PFGBest's Mr. Flynn said have drawn the attention of some traders.
Volatility instruments are gaining traction in other markets as well. The Frankfurt exchange Eurex, the derivatives arm of Deutsche Borse AG, plans to launch options contracts tied to volatility in the Euro STOXX 50 index.
The CBOE's volatility measures are derived from options prices; the new indexes developed in conjunction with CME will draw upon options on futures traded at CME. It is the first time the measure is applied to non-CBOE products.
---
Ian Berry contributed to this article.
Copyright (c) 2010 Dow Jones & Company, Inc.

clear as water...I believe that even with minimum positive new about greece and all that BS we could test this middle wall tomorrow on london session