EURUSD

malc waiting to buy houses cheap.. china is tightening.. he may have his chance soon "pop" may be coming.. 85 oil is not in u.s. economy yet. but its coming (the longer 85+pb the longer the dip). then its going. double dip is more likely now then it was at 80 oil..
copper and aluminum are going south..

this is built on government stimulus. there is not the political will to keep bank rolling the economy through government.
u.s. economy is ahead of Europe's .. asia is ahead of u.s. its a train wreck.. when the Saudis are happy with oil prices they are saying "we know its over valued"

copper is down so lumber should follow.. oil ect.

yeah right malc! you're one of of the most respected traders @ FF. i just need some 20 inch or so to be happy, give me 4-6 and I'm set for awhile. i just like watching multiple TF's at once which is tough with 4-5 pairs w/o multiple screens

Morning to all . I see H4 rally down still preserved ,1 more candle down expected close below 1.3187& down .so 4hr 40 min for this action before a retracement to up H4.

In H1 also buy singal waiting last cd to finish & further down before the actual buy .
so expecting down at or below 1.3187 to any low before bull start by 4hr 40 min time.so sell from any tops 1.3214,27 while it may happens.
fontu

unless your a crazy assed trader who lives and drink trading.

3x20" screens is more than enough.
2x30" could already be an overkill for most.

i dont see why one needs so much screens when news is readily accesible on cable.

this coming from a previous owner of a quad screen crap machine

AUD diving....

NZD moved too

News message h3 { font-size:14px; } p { font-size:12px; } [RBA REVIEW] RBA continued its path towards normalisation and tightened the cash rate by a further 25bps to 4.50% as well expected; marking its 3rd hike in a row and 6th hike since last Oct. Its outlook remained upbeat with inflation forecasts raised; with the CB now likely to be in the upper half of the target zone over the coming year. However it failed to up its hawkish stance and expected that, as a result of today?s decision, rates for most borrowers will be "around average levels". This it said represented a significant adjustment from the very expansionary settings reached a year ago. The Board added it will continue to assess prospects for demand and inflation, and set monetary policy as needed to achieve an average inflation rate of 2-3% but it looks like a pause is now in store.

viagra not working on eu yet.

its just a scratch lads

good morning.
Recent 5min bar was a nice stop eater adn short sucker, nearly got into the same trap. My Pivot is at 3236 and I suspect we either get above it or at least touch it.

Good Trading all
TCat

Yep, that nearly always happens...looks like the kiwi and the aussie will settle down back to where they were though......the Aussie rate was expected.....

i had a wedge entry short but it never got hit. i cant chase it ill wait..

Looks like it was all noise.....I'm waiting on UJ for a long entry.......looking for about 94.6 +-

Spike up took out my stop loss @ BE + 7 or so, which sucks because had the spike been down first, it would have hit my take profit.

I stay out of the news for exactly that reason....plus the widening spreads at news time. If the news really is meaningful, there will opportunities 10 minutes later.....

You guys check out U/Y? Look at monthly chart. Gator, I know we went over this one before...

Morning T cat, it seems so to reach the pivot . 200ma in only 5 min tf become so tough to cross again.
fontu

Nice....sometimes those fans work really well....

News message h3 { font-size:14px; } p { font-size:12px; } * History repeats itself as property booms in Hainan
* Tropical island epitomises test facing China policymakers
* Optimists confident of long-term demand for housing

By Langi Chiang and David Stanway
HAIKOU, China, May 4 (Reuters) - With new home prices rising by almost 20 percent a month, Haikou would seem to be the dictionary definition of a property market bubble.
After China unveiled plans in late December to turn tropical Hainan island into an international tourist destination, tens of thousands of real-estate speculators headed for Haikou, the capital. Property prices predictably rocketed.
Whether the authorities succeed in deflating the bubble -- or preventing one, depending on your views -- will be a litmus test of Beijing's campaign to defuse public anger over fast-rising prices nationwide without doing serious damage to a sector that is critical for the economy.
That policymakers are facing one of their stiffest challenges in Hainan brings a sense of deja vu. After a property collapse in the province in 1993, it took more than a decade to clear up the bad loans and vacant lots that were left behind.
Feng Ke, head of the property research institute at Peking University, is confident that history will not repeat itself.
"Prices are a bit too high now, but it's unlikely to crash," Feng said.





rule of 72.........20% per month..... in 3.5 months 100k home is 200k....in 7 months 400k ... in 10.5 months 800k in 13 months 1.6mil....16.5 months 3.2 mil...


reality.. it cant continue .....do the math..

Some one is obviously busing the dip's here. Is it having enough capital to manipulate the market or is it that they have a side deal with the central banks. I am pretty sure that if anyone else tryed to pull that off their would be federal charge's brought against them. I don't mind it because our money has to come from somewhere but where is the logic.

I usually remove SL but keep TP before the new since my stop lost was hit by a bit gap, slippage was 30+ pips. Price normally go back after a spike so you can manually close the losing trade.