EURUSD

Nice play so far & this time can't but close all shorts all pairs at eu price 1.3461. some scalping longs play now but do not think it will go much even the center of the swing to me 1.3502 if go 1.3526/33 welcome , because in H4 developed new buy setup perfection & cd on , now #8 & so price will go below to close & may remain around this H4 candle for many H4 candles ,that is chances staying low.and any up will sell again for much lower tp . 1.3430.

fontu

Hope not
But good luck to you

thanks for watching them.

mike

yes will look to short on touch of trendline... if it breaks ill be out quick and re assess

*LOL* they must want a new palce to short.

" LONDON (Dow Jones)--Euro zone ministers last week agreed the outlines of a rescue mechanism for Greece, or so the financial markets believed.
That is one reason why funds subsequently flowed into risk assets. But it turns out the agreement was, at best, an agreement to differ.

Investors, in their eagerness to establish closure on Greek debt as a market theme, have moved too soon to discount a euro zone support package.
Mrs. Merkel has deployed especially tough rhetoric against a rescue, stating that "a quick act of solidarity is definitely not the right answer"
to the challenge the Greek debt crisis presents for the euro. She has further called for a change in euro zone rules so as to allow member-states
that persistently breach the economic guidelines to be expelled. (If that proposal were adopted, there might be few members left five years hence.)

Meanwhile, Mr. Tremonti, Italy's Economy Minister, has said it would be a mistake for the euro zone authorities to rule out the use of IMF
resources for Greece. IMF intervention would, at least, relieve EU governments of the task of deciding how to apportion responsibility for
raising resources to bail out the Greek Government, a task that would be difficult to carry out, given the present fractious mood in Europe.

However, some euro zone policymakers would see the IMF's involvement, in any but an advisory role, as a fatal blow to the EU ideal, since
it would involve an appeal to non-Europeans to help deal with a European problem. Not for the first time, Mr. Tremonti finds himself at odds
with his leader, Mr. Berlusconi, who has said, with his usual disarming honesty, that the EU has no reason to exist if its members are not
prepared to help a crisis-hit euro zone country. In this remark, he openly acknowledged that, for member-states with relatively weak finances,
the EU is primarily a source of bailouts. It is precisely the prospect that there may be a succession of crisis-hit member-states seeking aid,
ultimately from the one member, Germany, with pockets deep enough to provide it, that has led German policymakers to wonder if the rules of this
game are in need of amendment.

It is not easy to see a way out of the impasse. Mr. Barroso, president of the European Commission, and the German Government cannot agree even
on whether the question of Greek aid will be a matter for discussion at the EU summit on 25-26 March. Mr. Barroso insists that it should be, but
the German Government is sticking to its position that Greece does not need a loan.

Today, for the first time, an official German spokesman has stated that IMF financial aid to Greece would, in an emergency, be an option for
Mrs. Merkel. The German Chancellor is a consummate consensus-builder but the wide gap between German public opinion, reflected in the views of
some of her coalition partners, and the demands of those advancing the cause of European solidarity appears to be too wide for her to bridge.

Mr. Papandreou has threatened that, if the summit does not result in a commitment to support Greek debt that is clear enough to bring about
substantial shrinkage in Greece's sovereign yield spreads, he will consider an approach to the IMF for funds. IMF loans would be cheaper for
Greece to service than market borrowings at the current spread of 300 bps or so over German sovereign debt. The Greek Government has additionally
made clear that its plans for cutting the budget deficit depend on a reduction in its debt servicing costs to a "normal" level.
If the German Government's determination to resist a Greek bail-out results in Mr. Papandreou appealing to the IMF, the rift between France and
Germany, already evident in Mme Lagarde's comments on the need for German tax cuts, is likely to deepen. After all, France suspects the IMF as
an engine of US influence, despite the fact it usually has a French national at its head.

Consequently, a crisis that began over Greece's borrowing costs is now metamorphosing into a more serious threat to the political and economic
order in Europe as a whole. While the issues raised by the crisis remain unresolved, the euro exchange rate is likely to remain on the defensive.
Even so, the US dollar is not without problems of its own. The US current account deficit, which had been narrowing in the two years to mid-2009,
seems now to be set on a widening course again. There is more room for economic growth to disappoint in the USA than in the euro zone.
The U-shaped recovery that appears to be established as the standard view on the US economy's prospects is at risk from a relapse in the
housing market and from persistent dislocation of credit flows.

By contrast, very little is expected from the euro zone economy over the next two years. It seems likely, therefore, that euro losses
against the US currency will be limited during this phase.

In the weeks ahead, the euro's performance relative to sterling could well depend primarily on the ebb and flow of UK opinion polls.
The Budget that Mr. Darling will present later this week will not be regarded as the last word on government finances for this year.
Whether the Conservatives score an outright victory or the result is inconclusive at the forthcoming general election, there is likely
to be another UK fiscal package this year, either in line with Mr. Cameron's 50-day pledge or at Mr. Cable's behest as a condition of
Liberal Democrat support. Even in the unlikely circumstance of a Labour triumph, the incoming Chancellor, freed from electoral considerations,
may wish to revisit the budget numbers.

However, the short-term performance of the pound will not be a reliable guide to its medium-term outlook. The UK authorities have indicated
they favour a competitive sterling exchange rate. The pound's strengthening trend during 2009Q4 was, from this point of view, probably unwelcome.
During the current quarter, the pound has relinquished these gains but has only fallen back to the range in which it traded in September-October
last year. If, by any chance, plans for UK budget cuts prove more extensive than expected, the MPC will likely rebalance policy by keeping
sterling interest rates ultra-low and, incidentally, capping any strength in the pound. "

Work on your exits mate, you could be closer than you think.

the anatomy of how not to trade.

i wouldn't worry about being on the other side of us... we couldn't move this pair a piss hair... it's the being on the other side of Deutsche I'd be worried about.

m

When do bulls hibernate? #357

Thanks I take all tips into consideration to perform better.

no one is going to read that cut/paste shit.

m

what is your base for long? are you averaging or buildings long?

lol...wow...getting on my case are you acumen?

Interesting...well I have a couple indicators running and using my own analysis I saw a bottom and a potential for a nice scalp.

Sorry if I did not describe that to you fully. haha

Anyway...I am sure 95% of you guys can show people how not to trade.

I myself am not that arrogant...but just chose to make some discussion.

Thanks for your input though.

BearPaw

fat lady aint song just yet. once hospitols realise they have another income source. and insurance companys realise they wont have to pay for the uninsured.. i suspect their stocks will rally. drug companies should also
usdx bumping head on resistance as well as gbp.. will it hold.. id be careful betting against usd strength..with a tight sl

Hell no..you funny acumen .

When GOLD reverses.. Watching it now.. Still under pressure..

For Cable i just went long kuroro
http://www.forexfactory.com/showpost...postcount=5563

good article thanks for posting!

i wouldn't want to pick this bottom but... it is a Monday with no real news.

so... your long may very well survive.

price may stay around .3500 for a bit.

any comment i make is never a personal attack against another trader... truly... i hate everyone.

Mike

If you don't want to read it, - don't.. Why speaking for everybody.