EURUSD

hahaha nice one yes 3600 was tempting to long for a few pips. I wasnt at my desk when it happened so not taken and no stress lets see what those numbers do in 5min. Good to hear u in the green zone, will try to extend mine a little.
TCat

By Don Curren
OF DOW JONES NEWSWIRES

TORONTO (Dow Jones)--The dollar is mostly lower Wednesday morning, with the Canadian and Australian dollars rallying on stronger commodity prices and economic optimism after encouraging developments in Asia.
The euro trimmed its earlier gains as concerns about Portugal's fiscal situation reinforced the continuing threat from sovereign debt issues in the euro zone.
Early Wednesday, the euro was at $1.3617 from $1.3592 and at Y127.40 from Y126.63 from late Tuesday, according to EBS via CQG. The dollar was at Y93.57 from Y93.14. The dollar was at CHF1.0550 from CHF1.0540 while the pound was at $1.5435 from $1.5368.
The U.S. dollar dropped through technical support to a low of C$0.9962 against the Canadian unit, its lowest level since June 2, 2008, according to EBS via CQG.
The key development overnight was news that the Monetary Authority of Singapore decided to allow the center of the Singaporean dollar trading band to rise about 1.3% after annualized growth rate of 32.1% in the first quarter, much more than the 19.9% that had been expected.
"Positive market moving developments in Korea, Singapore and expectations for positive data out of China in the next 24 hours [have] set a constructive tone for today, said Scotia Capital.
After hitting a high of $1.3666 earlier in the session, the euro surrendered most of its gains after the European Commission said Portugal might need to take further steps to cut its budget deficit.
Portugal, which had a budget deficit worth an estimated 9.3% of gross domestic product last year, aims to bring its deficit below 3% by 2013.
"In terms of euro specific news, the headlines from Portugal are just a reminder that it's not just Greece. Although Portugal's situation is far, far better, it doesn't help euro sentiment," said Elsa Lignos, G10 foreign exchange strategist at RBC Capital Markets in London.
The euro had been a major beneficiary of the shift in the market's mood in earlier trading with the latest euro-zone industrial production data also helping the currency. The data showed that production rose by 0.9% in February, The market had been looking for only a 0.2% increase after January's 1.7% rise.
The broadly positive sentiment is also getting a boost from hopes that U.S. retail sales later in the day will prove as strong as the market hopes, with the consensus forecast looking for a 1.3% rise in March after only a 0.3% increase in February.
There are also hopes that U.S. Federal Reserve Chairman Ben Bernanke will prove less dovish about interest rates when he speaks to Congress later in the day.

EURO-DOLLAR: Lifts back to $1.3620 area as traders note a firm bid at
$1.3600 from Swiss private bank, that name mentioned earlier and
yesterday as a conspicuous participant around that level amid talk of
$1.3600 struck digitals that roll off, some yesterday, some today. Flows
modest, traders say, and offers expected $1.3650/55.

Provided by: Market News International

That means - I am with you - zumindest was Euro-Dollar anbetriftt.

Yes - it is a ask my dog - or flip the coin area here.

Man muss ja nicht gleich jeden Scheiß mitmachen. Dafür haben wir ja unsere "Vorkoster" hier - von Dittsche's Internet-Kiosk !


;-)

Goldman Crooks, JP Morgan PM Market manipulation

Suppose you allow yourself to use 5% of your money. And you have a method with a risk of 100 points per trade. Your system allows you up to ten failures (normally there will be no more than three failures in a row). The you notice that you can avoid one or two of the failures if you allow a risk of 150 points. You know that your total risk is 1000 points for the next 10 trades. But you decide to allow more range: 150 points per trade but you not allow more than two loses of 150 point. Total risk in the next ten trades: 1100 points.

In your system of course you try to take good movements of more that 100 points but obviously you will close a lot times with less profit.

With a little care, you can even add to a position if you see a good trend.

You cannot evaluate a system only from the ratio/risk of one trade.

Adapt the numbers to your system and you can have your stop loss very far from your actual position.

are you trying to conjure me up?

i am a little like a genie but the vessel you have to rub to wake me usually ends with no talk of trading.

hi mate what a perfect example of pivot trading just now argh I am soo angry with myself that I didnt take it hehehhehe.

what trades have u taken?

nice theory
when you run out of money .. tell me

Mmmmmmmmmmmm


What a nice white long hammer has been formed in M15 timeframe !

amazing !

thinking of short @ 3630 or slightly below.

i need to monitor price, cant decide yet.

might not be taking it, it depends, a break of 3640, i'll not short.

In life, trading and sex, you never know ...

Ha ..


Going up again - 359xx levels pretty sharp rejected there.

Da haben die "Shorties" was zum Kotzen gehabt. Zu früh gefreut. Ha ha


By the way Saxo schreibt auch 'nen schönen Morning-Call.


Do you read them as well sometimes CAT ?


Often they show one more another STRATEGY there - quite in addition to the SOSTRATOS TA worksheet.


I like the way of their presentation.


Sowieso - always good to read what other well experienced guys think.

Und wie Du schon bereits gesagt hast. "Rein und raus" - zack bumm !




bibib

sink r swim time for gbp atm 5460 utl wedge

eu may at a pivotal place ltl wedge

That f**king USD news nothing for trend
Just washed my brain

alike 2008 USD bull coming to the End.

Break below 80.20 Will lead into high 79 area, then last hope for

the Bulls is 79.50.. Then Kaboom welcome 74

It's slowly moving in that direction.

yes I get their daily mail and yes I find them good too, its a nice addition and good to see their view.

There are many signs for trades on my charts either long or short no problem I am just not 100% so I wait till I am 100%. As said before my morning short gave me my forex fix so I am not to much pressed for more wouldnt mind another 10 pips or more hehehhe

Also in M30 !

Right that usually means SELL! Try it sometimes.

When it's a sure Buy, that's more likely sell.