EURUSD

I am buying at this moment.
target lot divided by 5 parts.
I will add one by one based on down movement

Yeah, right and I say here USDCHF no hope for Bull for sure W1

"Somebody SELL me":

Fed is about to announce about discount rate, what exactly is that?
waiting to buy at the low now. 2nd try to break below 1.359 is fail, if the third time fail it may retrace for a while.

looks like possible buy signal

This is the rate at which the central bank lends to the other major regional banks at overnight and short term.

Standard & Poors backs plans to cut Greece's deficit


http://newsimg.bbc.co.uk/media/image...248_greece.jpg Greece's austerity plan sparked a wave of demonstrations

Greece received some positive news from the financial markets on Tuesday when ratings agency Standard & Poor's (S&P) backed its economic recovery plans. S&P said Greece's proposed measures to cut its budget deficit meant the agency had taken the country off its credit watch list.
However, S&P's statement was tempered with a warning that a credit downgrade may still be likely in the long term.
Greece has announced a tough austerity package to cut its national debt.
S&P said that this package was "appropriate" to achieve its target of reducing the budget deficit by four percentage points this year, from the current 12.7%.
The existing deficit is four times the ceiling set by European Union budget rules.
Countries are put on credit watch because of a declining financial environment, affecting investor confidence and the ability to raise money.
Long-term caution
S&P was, however, more cautious about Greece beyond 2010.
"Despite the new measures, we think it will be difficult for Greece to comply fully with its planned consolidation path, reducing its deficit to 5.6% of GDP in 2011 and 2.8% of GDP in 2012, if it does not implement additional measures in the coming years," S&P said in a statement.
S&P affirmed Greece's long-term sovereign rating at BBB-plus, the eighth-highest investment-grade rating and close to "junk" levels.
Greece's planned spending cuts and tax rises have brought a wave of strikes and riots to the country.
S&P said: "We view the government's total package of measures as appropriate to achieve its 2010 fiscal target, given the deterioration in the country's growth prospects."
Late on Monday, European Union finance ministers in the 16-country eurozone backed plans to help Greece financially if it needs aid

Do they change that rate few weeks ago already?

This one was covered at 13640. Realised profit 94 pips.
Good luck,

Whats up Sky?
Yeah, I think the guy above is probably referring to someone speaking or something?? They did though already decide to raise the DISCOUNT RATE NOT FED FUNDS rate a couple weeks ago. I'm still saying fed funds goes up this year too. The fed funds rate is the benchmark rate for US lending...it decides the rate by which banks can lend to EACH OTHER short term and overnight.

heino...the buy zone needs a price consalidiation and stabilization before trend changing..and probaly a real buy trend needs time like 8 hours from now on to be more secure..the asian can continue for a next drop..I will stay aside until the trend real change according to my shadow moving chart..ı see 8*4h in a row in red until the green appears I have to wait for buy..Of course ı will miss many retraces but I will not miss the real reverse train..I had the sell entry at 13802 last

Man, the EJ sure played out nice so far.

i just count. oil is over 82... we got lots of realestate south.. were still in canada

a nice disconnect between euro and gold lool
euro down gold pushing up for a nice 7 $ in 30 min

Thx Gator

DZ

Another Fed rumor about discount rate hike....when the dust settle it's time for a nice buy...200 pips up

Several traders called this move long before it happened yesterday so good job guys.

Now looking at this flag (I know it's not perfect) we see price has filled in what I like to call no man's land... As you can see we have yet to have one daily candle close within this area on the channel.

If you look back to the 1.4500 region you will see the set up on this down move was very similar (rejection off a major Fib level). I would say if it closes in this region and fills up the bottom resistance channel or even below this it will get bloody very soon.

Anyway, just wanted to post an update since the resistance points have been breached. The trend is in play pending how this closes, and if it closes around here an obvious short play would be the second line around 1.3650-60 area on an Asia retrace.

yes in most times i think it will build like you say.

TP done @ 3620, soweeeeet

thanks SkyzerFx, you've been acting as a significant indicator man, you say long i go short and vicecersa haha just messin mate

Buyin has started in EU, dont miss the train....

Please keep buying...I'll sell you all of my euros right now