EURUSD

It looks like a sell though

pocket change.. im gonna pay it off when euro crashes *L*

fomc rates in 10 minutes, maybe best let dust settle.

when her nerves kick in, she'll be in profit. trust that, she's quite good with those nerves.


pre news directional bet buddy. its called news trading and it could be quite profitable.

Managing the Trade is everything.

That's the premise behind RR's coin toss strategy. I like it, keeps my mind sharp ((or as sharp as it gets these days...)) and gives me a good excuse to open a FREAKIN HUGE demo account...

Here's one of my best efforts to date... started with 100k. I was the Demo King until I took a week off a'rd New Years ((08 I think..)) to meet with friends, totally forgot the thing had Open trades running, and... well you can see what not setting a SL does for a +4mil account. But hey!! I still walked away with 100 bucks of funny money!!

The older we get, the Better we wuz....

I was being a bit facetious. I did not mean to insult anyone. I'm just saying that there are pros and cons with living/doing business in North American and Europe, and with all the negativity about the US over the last couple of years, it's nice to see that everyone's shit actually does stinks...not just ours. Europe is a beautiful continent, but they are having a tough time working together. Maybe they shouldn't.

FOMC will release in next 4 mins I will short now on my signal trend us dollar is higher then euro before the news...final update is short eur/usd....good luck everyone...

man take this crap off.... delete it

Or suicidal.

And "she" might not even be a "she"!

ok, out for 2 pips. Lets wait for the rates

Haste Makes Waste !

It may still go down to 5099 !

Just reconsider it !

Little bit of an expanding triangle on the 1hr USDX.

dude dont argue, she just made 2 pips. See! jeez. FAITH! lol

are you serious? noooo way!

can i ask Y?

OMG anybody even dreaming of holding a short term leveraged position into an FOMC statement is just asking for it. Remember whe the made a suprise cut of 50bp?! Remember when they extended QE to longer dated maturities? You can never even be bloody sure what time it's coming out!!

Really...

I know that. I'm just glad the UK managed to at least stay out of the single currency. It's just a shame we've got everything else from the legislation to the cocked up centralized policy making.

Better wait & do fast during news & if confused stay away , half an hr .
fontu

Doing great man... Just haven't been posting much the past few weeks since I've been really busy with some other projects I've got going.

WASHINGTON (Dow Jones)--The Federal Reserve Wednesday said the U.S. economy continues to strengthen, but the slack left over from the recession is still so large that it expects interest rates to stay near zero for an "extended period." At the end of its two-day meeting, the Fed's policy-making arm noted the labor market is beginning to improve, but still-high unemployment is keeping a lid on consumer spending. "Information received since the Federal Open Market Committee met in March suggests that economic activity has continued to strengthen and the labor market is beginning to improve," the FOMC said in a statement. After its March meeting, the FOMC had said the labor market was "stabilizing." To combat the financial crisis, the U.S. central bank slashed its benchmark federal funds rate -- a rate banks charge each other for overnight loans -- close to zero in December 2008 and has kept it there since. When that wasn't enough to lift the economy, the Fed flooded the financial system with cash by buying $1.7 trillion in assets. Most were mortgage-backed securities, for which $1.25 trillion purchases were completed in March. If the economy continues to gain speed, the Fed will have to calibrate when to raise rates and sell the assets to prevent an outbreak of inflation. Futures markets still see a good chance of a rate increase to 0.5% in November, although the probability has fallen recently amid continued debt woes in Europe. After its latest meeting, the Fed indicated it's in no rush to tighten policy, sticking to its forecast that economic slack, low inflation and stable inflation expectations should call for record-low rates for "an extended period." To give itself even more flexibility, the Fed has recently said there's no timeframe to "extended period." It all depends on how the recovery unfolds. The most recent data point to an economy that continues to improve, but at a pace that is so gradual that inflation is not a risk. U.S. consumer spending, which accounts for about 70% of economic activity, rose for the fifth month in a row in February, putting it on track to grow at the fastest pace since the first quarter of 2007. The Fed noted that spending has "picked up recently," but it remains constrained by restrained by stagnant incomes, tight credit and high unemployment. Although the labor market is improving, the jobless rate in March remained at a lofty 9.7%. Nonfarm payrolls rose by 162,000, the fastest pace in three years, but some of those gains came from temporary hiring for the 2010 Census. The last U.S. inflation reading showed that prices outside the volatile food and energy sectors contracted at a 0.2% annualized rate in the first quarter. Though commodity-price pressures have held up broader measures of inflation, with the consumer price index rising a monthly 0.1% in March, prices fell across a broad range of goods and services last month. The Fed reiterated that inflation is "likely to be subdued for some time." In the latest Wall Street Journal poll out last week, economists were evenly split over the near-term inflation risks: 23 said accelerating inflation was a bigger risk over the next year, while 23 said slowing inflation was the bigger risk. At their meeting, Fed officials also discussed how to shrink the central bank's portfolio of more than $1.0 trillion in mortgage-backed securities without hurting the recovery. Some officials are pushing for the sales to start soon, but Chairman Ben Bernanke appears more cautious. The statement Wednesday simply reiterated the Fed will continue to monitor the economy and financial markets and stands ready to purchase or sell assets as needed. But the minutes of the FOMC meeting, due for release May 19, could show an intensifying debate within the central bank over the need to sell assets. Worried that low rates may spur inflation and asset bubbles, Kansas City Fed President Thomas Hoenig was again the lone dissenter out of the 10 voters. He wanted to drop the "extended period" language as he did at the January and March meetings, saying it limits the Fed's flexibility to "begin raising rates modestly"