EURUSD

set for 2100 tp 2180, sl 2045

bad data

I have shorted dow jones

Unemployment Claims a bit more unhealthy => 456 K

Dow jones future + 91. I dont think dow jones can hold that gains in bad unemployment data.

Looks to me risk aversion will take place tonight because of bad unemployment data.

Dow jones futures will loose its gains. FTSE 100 will close in red. Oil will fall. Gold will increase. US dollar to be brought.Treasuries will increase.

Same old story. Print your money to lead happy life.

we are the same place we were yesterday before this bull run (trap)

what has changed ?
why would the big boys not keep pushing south new lows more money
what has changed in the real world.. fundies?

I do not see anything

bank rates all the the same?
talk of war ,.. $ and oil +

europe still has no answers... rather Germany and france have no answers

we now have greece, portugal spain Ireland italy hunger even rumours of others its bad
(and russia is raising the price on vodka!!!!!!!!! vert bad for europe lol)

is it bad in the USA maybe by its not in the new at this time.

and money has to go some where to make money
now its to the USA ... 2 months from now who know who really cares

my thoughts

cheers

teb

Q&A started in ecb Press Conf...

Totally agree teb, European banks are very weak and their having liquidity/credit problems, but very often the market make no sense... I am watching from the sidelines..

till this talk is over euro will rally
then drop unless he says something important

teb

Nice again , just back & few pending shorts activated , bid rates unaltered and then why in tense? should keep them all till 1.17. The snake to find ways underground again .
fontu

Though it looks to me that cable might go down, current PA is very tricky so I'm staying aside. Will decide what to do when cable stabilizes itself below 4600.

Shorting EURUSD @ 1.2071 on a 4H setup

Stop: 30 pips

Target1: 1.1948
Target2: New low below 1.1880

interest rates are right no up!!

teb

European Central Bank President Jean-Claude Trichet said interest rates in the 16-nation euro region are “appropriate,” indicating he sees no immediate need to cut borrowing costs any time soon

Then will Euro fall?

by the way
here is what I sent out today

It you want to be put on my email to get it daily

email [email protected][font=Times New Roman][b][/b][/font]




Date: for June 10 Trend Strength

Eur/Usd Bear 6
Eur/Gbp Bear 6

Eur/Jpy Bear 6
Usd/Jpy Bull 5

Usd/Cad 1 to 4 no trend (Neutral).
Aud/Usd Bear 5

Crude Oil Bull 5
Natural Gas 1 to 4 no trend (Neutral).

Gold Bull 8.
Silver1 to 4 no trend (Neutral).

Key
Trend
Bear (down)
Bull (up)
Strength
7 & 8 Strong trend
5 & 6 Weak trend
1 to 4 no trend (Neutral)
I look to trading only 7 & 8
I will not trend trade 4 or below, no trend no trade.
Non Trade Days ie. 1. Interest rate 2. Non farm payroll 3. Holidays 4. Elections
· Best to trade a pair that does business in the time you are trading.
· The best days to trade trend are Tues, Wed, Thru.
· Worst times are Sunday night and Friday after 12noon EST.
· Only trade with the trend, use whatever set up you like.
· You make money on the exit!!!

Trading Idea for the day
We are counter trend right now on the euro. It could still go up before coming down hard. We have interest rates coming out on both the cable and euro tomorrow, so the big boy will be setting up for that so it looks like today will be choppy, and counter trend day.

Training is risky, trade at your own risk!!!!

Maybe yes......maybe no.

Unsatisfactory answer? Welcome to Forex, son.

1.2085 is a hard resistance but may break then 1.2140-1.2150 is next station and then we will have bearish dv on h4 even so short on that zone is really safe

he just said he is going to do nothing in the euro

NO CHANGE .... drop will come after the talk

teb

Oh, man!