EURUSD

A possible buy is coming up at the 3660-3670 region, that will be good till 3720, keepy your eyes on that region. The EUR on the 5 minute chart has to finish a 50 pip drop from the last touch down at 3715 before a turn around. The actual impulse has started from 3775 with each leg being 50 pips. 3715-50=3665 thats the best entry

EUR dropped below 1.3700 faster than I could yell "short". While oil dropped below 80 faster than I could actually click the darn button to go short. My own fault, I was setting limit at 85 (yeah I know - wishful thinking). Early days yet but we'll also see if the SPX reverses as well. Fun stuff.

I posted earler, that correction to 60 is very likely, cause thats where price was on average before. People will TP at this level likely,creating big momentum upwards, likely to 80 again, and then market will range lol.

It will range, where the fundamental news, will tell ways, because correction=range. However, i believe, that dropping to 20 is possible in longer time frame. Though, not in the immediaten 5 min chart future hehehehe, some people will deem price at these levels a bargain, and other a good sell position. Range for sure.

Im out at at 92. will re enter at round number again hehehehe.

dammit!

share you're trading ideas if u want, but keep your money issues to yourself.

bounce

hi, that's good! share some trading tips with us, maybe we can learn something good from you.

Lovely round number PA.

Took profits at 1.3690...now i'll wait for a long opportunity....
Maybe one at 1.3675...and another one a 1.3625

Let's wait some movement before...

sorry mate just a quick question, what do you intend with this "bounce" thingy all the time?

Tp for sure.

I highly recommend you collect them now

-

Hi Woo,
May I ask you, how long did it take you to make $700 into $5500 and on the average what was the percentage of your account that you went into trades with, example was it 1%, 2%, etc.

Thanks and Bravo to you

Eurogroup’s Juncker: EcoFin will dicuss several potential Greek bailout options

The Economy and Finance Ministers of the EU are preparing to meet in Brussels this afternoon and the leader of the Eurogroup of finance ministers says several proposals to bailout Greece will be discussed.

Congratulations Woo! Great job, well done!

TORONTO (Dow Jones)--The U.S. dollar extended its gains against the euro in mid morning trading Monday. with early losses in U.S. stocks helping push the common currency below the $1.3700 mark against the greenback.
The dollar had gained in earlier trading after strong words from Chinese Premier Wen Jiabao on the yuan helped send investors out of riskier assets.
Wen's statements, considered in light of recent complaints about China's trade and currency policies by the Obama administration, may be an indication that the U.S.-Sino relationship is deteriorating.
This, in turn, raises the specter of sanctions and counter-sanctions if the two countries are unable to settle their differences. Even the possibility of a trade war in an already nervous market is enough to scare some investors into safe-haven currencies such as the dollar and yen, said traders.
"We have dollar strength this morning, and I think the dollar strength is on the back of fears of some of these comments coming out of China," said Stephen Gallo, head of market analysis at Schneider Foreign Exchange in London.
Wen aimed sharp words at Washington on Sunday, ceding little ground on China's currency policy and suggesting that U.S. efforts to boost its exports by weakening the dollar amounted to "a kind of trade protectionism." Wen also said international pressure on China to let the yuan appreciate is counterproductive. He said he doesn't consider the yuan overvalued and that its recent stability contributed to the recovery from the global crisis.
Investors were also inclined to seek safe-haven currencies after ratings agency Moody' Investors Service issued words of caution about the credit ratings of the U.S., the U.K., France and Germany.
The euro was under pressure ahead of a meeting of European Union finance ministers Tuesday that could provide more clarity about a bailout package for Greece, should Athens find itself unable to meet its debt obligations.
Monday morning, the euro was at $1.3693 from $1.3762 late Friday, and a low of C$1.3698 Monday morning, according to EBS via CQG. The common currency was at Y124.15 from Y124.57. The dollar was at Y90.68 from Y90.50, while the pound fell to $1.5059 from $1.5188. The dollar was at CHF1.0603 from CHF1.0591.
The ICE Dollar Index, which tracks the greenback against a trade-weighted basket of currencies, was at 80.177 from 79.818.
The dollar rose modestly against the yen Monday morning after news the Federal Reserve Bank of New York's Empire Manufacturing Survey's business conditions index decreased to 22.86 this month from 24.91 in February.
Currencies were little affected by news Monday that among foreign investors, net purchases of long-term U.S. securities totaled $900 million, following an unrevised net buying of $50.9 billion in December, according to the monthly Treasury International Capital report.
China remained a net seller of Treasurys, with its holdings falling $5.8 billion to $889.0 billion in January, following net sales of over $34 billion in December.
Pressure on the pound mounted in London trading after Rightmove reported U.K. house prices rose by only 0.1% last month, once again calling into question the sustainability of the recent bounce in the U.K. economy.
"A lot of policy makers in the U.K. are starting to weigh the consequences and the risks of another leg down in U.K. GDP," said Schneider's Gallo.
Tight polls ahead of the general election in May and the resulting potential for political instability are another continuing negative for the pound.
"The polls over here still look incredibly narrow for the May general election," Gallo said. "There's a lot of ammunition for the sterling bears to get into their short positions today," he said.
Meanwhile, details of a possible aid package for Greece remain unclear, which has a negative influence on the euro. Recent media reports suggest the EU's 27 finance ministers could sign off on a bailout plan worth EUR20 billion to EUR25 billion at their meeting Tuesday.
In itself, such a package should provide some reassurance that a default won't take place. However, analysts are concerned that contingency plans aren't being made for other major euro-zone debtors such as Spain.
"Clearly the risk must be that loan guarantees for Greece simply precipitate an increased flow of money towards it and away from the euro zone's fourth-largest economy," Spain, said Simon Derrick, a senior currency strategist with Bank of New York Mellon in London.
The shift into safe havens was evident both in the slide in equity markets as well as in a general move to support the yen. The Japanese currency may also have been helped by a larger-than-expected improvement in Japanese consumer confidence.
RBC Capital Markets in London said global data/event calendar is heavy this week, with the main focus being the U.S. Federal Reserve's policy meeting Tuesday.
-By Don Curren, Dow Jones Newswires; 416-306-2020; [email protected]

Do you know what time?

Jessica Biel would call today.

Hope ain't much of a strategy... either are my chances with Jessica Biel.

m