EURUSD

I have bigger profit targets, but still want to keep my SL below 100 pips giving me an even better R/R ratio! The higher the timeframe, the stronger the supply/demand lines!

I have Friday's POC at 1.2331...

Looks like we'll open in Daily value (1.2371-1.2281) and inside weekly value too (1.2412-1.2245), the weekly POC being at 1.2293...

Geez, if I used that strict of MM I would have to keep $2 Million bucks in my account just for this trade alone. I guess I don't think like that coz I fund accounts for specific trades.

close enough and will depend on your volume feed . I use gtis 200 source for esignal .

Anyone have a link for a live stream of the FED speech? Thanks.

I wouldnt try entering long for e/u g/u e.t.c until u.k opening if they suggest otherwise

no brack no shack slow boring lets wait for the little guys may be they will do something

There are more than just this pair to swing trade on. I am in no rush and I have no intentions of making millions out of Forex. A second income stream will do me nicely for now. Time for bed. Nice chatting to you. Good luck with your trades!

clear buying all Friday even on bad news dip and all down moves have to retrace

note all the high vol bars on down moves on 15 min friday

MADRID—In a tumultuous seven days, 12 of Spain's 45 savings banks have begun merger talks and a 13th has been rescued by the central bank.

The troubled sector, which had long resisted government pressure to merge, now is bowing to the inevitable, hastened by the Bank of Spain's willingness to take over ailing lenders and by new rules it has proposed that would require all Spanish banks to speed up the recognition of losses from bad loans.

No volume profile, using tick distributions from prorealtime.
Posting a sample chart.

Im not sure that there ll be directional trending tomorrow due to banks holiday.
Nice way to trade tommorow is detrending technique with STO momentum indicator applied

Yep, I agree with you.

Before I do go to bed, the other reason why I only risk 1% is that I could be wrong with the swing trade. Even you have got it wrong on a number of occasions as you have already stated. In reality, we don't know where the market is going. TA gives us a good probability but it is no guarantee.

31 May 2010 00:25 GMT
DJ Bernanke: Timing Of Stimulus Exit To Vary Among Central Banks

SEOUL (Dow Jones)--Central banks around the world will exit their economic-stimulus policies at different times, weighing local factors as they seek to be neither hasty nor tardy in tightening, U.S. Federal Reserve Chairman Ben Bernanke said.
"Because economic conditions vary, the appropriate timing of the exit is likely to differ across countries," Bernanke said in remarks prepared for video delivery Monday to a conference in Seoul. "To guide these important decisions, each central bank will have to carefully monitor economic developments in its own jurisdiction."
Bernanke called on the Group of 20 industrial and developing powers, now chaired by South Korea, to exert leadership in the fractious issue of financial-sector reform.
"Strengthening the international financial system and ensuring that financial institutions are carefully regulated, well capitalized, liquid and transparent will require extensive international cooperation," the Fed chief said. G-20 leadership globally "will be essential in ensuring that reforms are not only strong and effective but also consistent and coordinated across countries."
Regulating banks to prevent a recurrence of the global financial crisis will be a key topic for G-20 finance ministers and central bankers meeting Friday and Saturday in Korea's southern port city of Busan. Members are sharply divided, with the U.S. close to approving sweeping regulations and some European countries pushing for a global bank tax, which is strongly opposed by Canada and some other countries.
Bernanke praised the Korean government and the Bank of Korea, the host of the Seoul conference, for flexible policies that he said helped the country rebound quickly from the global financial crisis.
The BOK was able to take "strong countercyclical policy actions," such as slashing interest rates by 325 basis points, pumping liquidity into the financial system and helping establish a bank-recapitalization fund, Bernanke said, noting that this was in sharp contrast to the 1997-98 Asian financial crisis, when the authorities had to raise rates to prevent capital flight, further battering their own economies.
Emerging markets were in a better position to fight the recent crisis, he said, partly because they had strengthened their economies and financial systems, moving to fiscal and current-account surpluses, building up foreign reserves and reducing currency and maturity mismatches between their assets and their liabilities.
In addition, the BOK and others "have reoriented monetary policy toward domestic price stability and away from a focus on stabilizing exchange rates."
The "more flexible" exchange rate that Bernanke praised has been a headache for Seoul in recent days. The BOK sold a massive $2 billion to $2.5 billion Tuesday to buy won, traders estimated, after the local currency had plunged 13% for the month on global risk aversion and a flare-up in tensions with North Korea over the sinking of a South Korean navy vessel. Later in the week, the central bank was selling won for dollars to try to damp volatility, traders said.
Bernanke didn't touch on the U.S. economy or the outlook for Fed policy in his speech.

Personally, I base the magnitude of my trade on my confidence. Nothing technical, just my instincts decide how big to trade.

buenos nachos.

http://www.ecb.int/press/key/date/20...100531.en.html

Gossip ! Schon lustig - Sunday Times - auch so ein Käseblatt. Gerade die Tommys haben ja auch nicht viel auf der Pfanne. Industrie am abschmieren, Technologie erbärmlich, studieren sie in Deutschland an Universitäten, dann sind sie auch nicht gerade die Granaten. Dumm wie Brot in der Regel.

The good times - the are gone for them. It's past UK ! Hmm - take a look at yourself UK...

anyway, he said, spoke and said nothing .... as usual