EURUSD

pp of new day is 1.3613 at my chart.

correct

I guess I must be blind but there are 126 bars from the first time spot touched $1.35875.

Price is above $1.35875 for 42 bars out of 126 bars (after touching it initially)

That's 33%; not 90%. ( and is decreasing as it goes )

why would you ambiguously say "the last 24 hours"? Why would I be planning to sell at 35875 yesterday when price was 3664-3681?

I scalp more profits in 1 day than you will dream to make in a month.

Profit is good. Good play.

I missed most of today.

I waited for a retrace on eu and got in alittle early off 1.3600 , getting a little dd right now but nothing to serious. For last 7 hours gu has been in this narrow channel .

I think I will wait for London tonight before I take any more trades.

Some governments and banks had to guarantee Eur 45 billion and also looks like some British banks , or Sterling holders, must be involved, unless Sterling just bumped by proxy.

Just realised I have a £ and a $ on my keyboard but no Euro. Does this show what Bill gates and Microsoft think of Europe?

usdx agrees now. just maybe.. we will watch.. commodity pairs already in line

They offered me a one pip for a beer when I take the next train. I said yes.

@tarantula thanks for confirmation!

edit: riding with next train and they offered me also a 2 pip ticket rebate. Nice.

edit2: Now they offer me another beer and soon a sickpack, but I don't drink so much beer. Nah.

edit3: I heard rumors tickets got more expensive now. Hope the train leaves the station soon and I am sitting in the right one, lol.

edit4: They offer me 3 sixpacks now.

good morning.

I'm not at my trading station at the moment, so could some let me know the DP for the gbp/usd and usd/jpy pairs please?

Cheers

malcolm making friends wherever he goes lol
put skyzer back on, i like him better.

I love meeting new muppets .. opps I mean new friends .. all the time

Sky was at least a good debater.

Valid until next Rollover close / Rollover open


Diametral - Asia - Overlap - London - Overlap - late NY


EUR-USD :


1.


Okay - as long as below 1.3599 - 1.3605 or 1.3616 / 23 (should cap at first) - we will trade it down for a retracement towards 1.3551 - 1.3540 (Sup 1) area or to below 1.3497 area.


2.


Possibly 1.3540 - 1.3536/ 31 (TL + zigzag correction + squaring point) might be a good area for a hold and reverse strategy. Then one more attempt towards 1.3649 - 1.3665 or even to above 1.3690 in case of an extention should be in the cards again.


Nothing more to say - good luck !



;-)



bibib

my 5m chart is showing a corrosion weekly pivot... to the upside.

i remember a post about 2 weeks ago when gator and i think coke discussed the possibility of re-visiting 1.3795-1.38x area.
me thinks, we're on the verge of it. quite some obstacles on the way, but ntl.

I'm still here, but now it's too slow.. Gotta go.. Will now trade

from longer TF.. Less stress, more time..

P.S: USDx still shaky here at 80.50..

I see GOLD/Crude dropping + DOW sell off tomorrow? could do the trick..

we'll see....

are you talking about a huge domino game in the making?

es had a low volume down day closing on lows . 1190 is key

GOld also had a low volume down day , with the volume on 4 hour being almost non existant. Gold need to see what happens tomorrow but not much sell interest today

FRANKFURT -- Jean-Claude Trichet, an architect of European monetary union, has found himself in an unfamiliar place as Europe confronts its biggest fiscal crisis in decades: the sidelines.
As Europe has struggled to cope with Greece's debt troubles, culminating in Sunday's agreement on a potential aid package, Mr. Trichet's efforts to shape the response largely failed.
On key issues, ranging from his opposition to International Monetary Fund involvement in a bailout to his call for governments to speak with a unified voice, Mr. Trichet appeared out of sync with euro-zone capitals, and his advice often went unheeded.
"The problem now is he's in charge of an institution which is supposed to be the guardian of the euro, but a lot of the decisions that are going to affect the future of the single currency are out of his hands," says Philip Whyte, senior research fellow at the Centre for European Reform, a pro-European think tank based in London.
Mr. Trichet's lack of influence over the response to a crisis central to the stability of the euro and Europe's economic future could weaken the office of ECB president and prompt broader questions about the ECB's ability to effectively respond to future flareups, analysts say.
The ECB declined to comment.
Many countries in the euro zone are still feeling the economic pain of the recession and politicians, especially in Germany, proved reluctant to follow Mr. Trichet's calls for a swift and decisive response to the debt crisis, a step that would have entailed sending billions in taxpayer money to Athens. That prospect has eroded popular support for the EU and the common currency in places like Germany. It has also exposed the continued deep divisions in Europe between advocates of closer economic and political integration and those who believe member states should preserve their sovereignty.
Some analysts say that instead of weakening the ECB, the Greek crisis is simply clarifying its role. Mr. Trichet's difficulties as he nears the end of his term in October 2011 may be a cautionary lesson for his successor to focus on monetary policy without getting drawn into matters over which the ECB has no control.
Because the common currency was set up with a central bank but no equivalent body for fiscal policy, Mr. Trichet had effectively become the face of not just monetary policy but all things economic in Europe. Now, spurred by the Greece turmoil, euro-zone governments have taken a stronger hand in fiscal matters.
The Greece turbulence "rights an incorrect perception" about the powers of the ECB, says David Marsh, author of "The Euro," a 2009 book about the currency's creation. "It's appropriate that there should be a balance of responsibilities and actions between governments and the ECB," he says.
Yet others say the upheaval showed Mr. Trichet's voice to have almost no resonance with euro-zone countries, a potentially precarious position.
In contrast to the ECB, the U.S. Federal Reserve has seen its influence grow in the aftermath of the financial crisis, economists say. Fed Chairman Ben Bernanke gets his share of criticism, but his views on the economy, regulation and fiscal policy a carry substantial weight. That image gap could put more pressure on the value of the euro.
"The ECB has an outstanding reputation, but the governments have pretty much ignored it and then dragged it along, and you lose faith in euro-zone policymaking if what looks like the strongest institution is marginalized," says Marco Annunziata, chief economist at UniCredit Group.
The Greece turmoil may cloud what would otherwise be a victory lap of sorts for Mr. Trichet. Besides navigating the euro through its early tumultuous years at the Bank of France and the ECB, he earned praise from many economists for keeping inflation low and for his handling of the global financial crisis.
Mr. Trichet wears his occasional defiance of euro-zone governments as a badge of honor, noting ECB officials raised interest rates at the end of 2005 although 10 of 12 governments asked them not to do so.
But the tables have turned. Political leaders, particularly German Chancellor Angela Merkel, largely ignored Mr. Trichet's recommendation last month that governments craft a European solution for Greece without financial involvement from the IMF, which he said wouldn't be "appropriate." Mr. Trichet said Thursday that he had opposed a solo role for the IMF, not the joint EU-IMF role that Ms. Merkel insisted on -- which Mr. Trichet now says is "workable."


yen 92.17 92.53 92.89 93.25 93.61 93.97 94.33
euro 1.3415 1.3491 1.3540 1.3616 1.3665 1.3741 1.3790

its never a sure thing. wedges are pretty tough.. its rare for them to lie. r/r is damn good.. those wedges have a 800/X000 + pip potential on the aud and cad.

They have nice ppl at the train station. Now they said a free ride plus a sixpack. Thats nice.

edit: got sixpack and back in but no free ride, lol. It gets crowded now in the train.

Most excellent...thank you

Edit: Regarding Trichet....couldn't happen to a nicer guy.....roflmao.......