EURUSD

Looking into low 1.29XX 1.3050 area to load up.

based on Weekly

you should really change this avatar, I always think of porn when you leave a post. Please change it so I can concentrate on trading again....

tomorrow general strike in greece. no newspaper, no tourists , no ships, no trains, no public services. this should make the news... on bloomberg... i m not not buying euro yet
From kathimerini.gr

24-hour general strike is due to be held tomorrow. There will be no TV or radio coverage of the protests because broadcast journalists will not be working and newspapers will not be published on Thursday as print journalists will also take part in the action. As Parliament prepares to vote later this week on the latest round of austerity measures announced by the government, the ruling PASOK party is bracing itself for strong opposition in the House and on the streets, where public servants will be protesting today.
The legislation containing the new steps, which include drastic cuts to public servants’ salaries, reductions in public spending and hikes in VAT and taxes on alcohol, cigarettes and fuel, is due to be voted on by Thursday.
Although the Communist Party (KKE) and the Coalition of the Radical Left (SYRIZA) have made it clear that they will oppose the measures, it is not yet clear what New Democracy’s stance will be. The conservatives face a dilemma as voting against the legislation would make them look irresponsible in the eyes of some voters while voting for the measures could make them appear as “accomplices.”
The disagreement between the parties was evident yesterday when opposition leaders turned down a rare opportunity to meet with Prime Minister George Papandreou to discuss the spending cuts and tax hikes being introduced so Greece can qualify for 110 billion euros of emergency loans from the eurozone and the International Monetary Fund. ND’s president Antonis Samaras said there was no point in holding the meeting because the package had already been agreed. SYRIZA leader Alexis Tsipras replied in similar fashion. The only party leader to agree that the meeting should take place was the Popular Orthodox Rally’s (LAOS) Giorgos Karatzaferis.

Interesting how the EU bounced at 3086....right around the point that Trading Cat & Sostratos called it at....

Lets see if that holds.

BP

spend holiday, my sell at 3317 was pending, tp is 3011

Hi sky,

good to see you planning your longs.
I will start to build them up at 3056 area and 3000 as want to trade the bounce of the daily tl, weekly tl gives me 2990 so its close enough for a nice big retrace.
Lets just hope they dont come up with some massive shit from S&P or fitch which could ruin the weekly and daily tl setup, Like they did last week those rating agency criminals....

I know everyone is anticipating a reversal, myself included, but wait for the valid signs of a reversal ... then pounce it.

ok. I'll change it. Trade in Peace

GREECE: Greek spreads continue to widen amid market speculation of
Greek restructuring despite denials by Greek FinMin. Rumours surfaced
this morning that Lazard's has been hired by Greece for restructuring
advice, but spokesman at the bank confirmed that whilst it has been
hired by the Greek government but noted that a restructuring of Greek
debt has never been an option to be considered. EuroWeek magazine first
reported last Friday that Greece had hired Lazard, saying it was for a
"potential restructuring." Zero Hedge, which cited the EuroWeek article,
noted that "Lazard is also no stranger to sovereign reorganization,
having worked with Nicaragua, Ecuador and Ivory Coast on various
restructuring assignments." Recently, with Greece already in a
full-blown crisis, Lazard hired Wall Street legend Felix Rohatyn, whose
most famous credits include restructuring the debt of New York City in
the 1970s. "The recent retention of Rohatyn just when Greece was
imploding maybe have been clutch for Lazard," Zero Hedge wrote.

Provided by: Market News International

we just had the british traders get 1 and 1/2 days worth of pips.

we have 1/2 still to go ... up or down?

I do not know

teb

Time to make some pips. 1.3075, buy and hold intermediate for me, stop loose.

Do not wait for the reverse sign, when the sign appear, it is good time to go short again. Any reverse at this point of time is a weak.

How about a burka that will fix him

Just closed out remaining portion of trade.

Nice day.

+123.5 Pips EJ
+85 Pips EU

G/night

EUR going down just a lil more to 3074 then back up too 3378.

Good entry for long will be just prior to pending home sales.

Difficult to open long now considering ,but the charts barely lie

thanks highly appreciated back to the

3054

yes thats not to bad 3028 and 3010 could also do when looking at the downside.

Well, Longs should be very wary.

The news out of EZ hasn't turned +ve after the Greece aid package thing by an iota.

We just broke the weekly Downtrend line support. I am looking for a retrace to 3165 at the maximum. While if we break 1.3083 on 4H TF.

Then get ready for the 1.2xxx We might go through the 29xx in a hurry. 1.3000 might cause a bit of a problem but a tiny bit.

If we go above 1.3165 and close above load the longs and hold on for a good upside move. Altho I will not enter coz I try never to go against trend.

No don't change it, it's one of the few highlights of reading this forum