EURUSD

4 H Chart

TLs...I use it on H4 and H1. M15 is for reversal scalping only...dont worry its not lagging

Hi!

well i will not do anything..

the bears are gone ( they lost a lot of money today)

you are right, its smelling like a bull bounce coming up.

but i will not do this, its a clear NO trade era for me..

hope that will chance soon..

I was out at 2220 and I havent caught a bounce up. Ill be ready in 8 h again just before London

http://www.dailymarkets.com/forex/20...80%99s-future/

George Soros Questions The Euro’s Future

By Money Morning on February 26, 2010 | More Posts By Money Morning | Author's Website

In an editorial penned for the Financial Times, billionaire investing icon George Soros said that while Greece could be salvaged by a makeshift financial-rescue package, bigger problems lie ahead for the euro.

According to weekend news reports, Germany’s finance ministry has sketched out a plan under which countries using the euro currency will provide between $27 billion and $33.7 billion (20 billion and 25 billion euros) in aid for Greece, which is teetering on the brink of default.

Soros says that “a makeshift assistance should be enough for Greece,” but warns that the growing threats posed by other debt-laden, euro-member countries - particularly Spain, Italy, Portugal and Ireland - could prove overwhelming.

“Together they constitute too large of a portion of euroland to be helped in this way,” Soros said. “The survival of Greece would still leave the future of the euro in question. Even if it handles the current crisis, what about the next one?”

This isn’t the first time during the ongoing financial crisis that the situation was slated to worsen before it improved. Almost exactly one year ago, while speaking at a Columbia University dinner, Soros warned - correctly - that the world financial system had effectively disintegrated, meaning the end of the economic misery was nowhere in sight.

In fact, Soros actually compared the financial crisis to the breakup of the Soviet Union, and said that the whipsaw effects of the crisis would prove to be more severe than the Great Depression.

“We witnessed the collapse of the financial system,” Soros told the audience during his February 2009 speech. “It was placed on life support, and it’s still on life support. There’s no sign that we are anywhere near a bottom.”

Soros cemented his reputation as an investing icon with The Quantum Fund, a hedge fund that’s often described as the first real global investment fund, which he and Jim Rogers founded in 1970. Over the next decade, Quantum gained 4,200%, while the Standard & Poor’s 500 Index climbed about 50%.

Gloom in Greece

Greece’s deficit swelled to 12.7% of gross domestic product (GDP) in 2009, way above the European Union’s 3% cap. Greece’s government leaders have pledged to reduce that nation’s budget deficit to 8.7% in 2010, but that goal won’t be easily met.

Flights were grounded and schools shuttered across Greece yesterday (Wednesday), as civil servants and private-sector workers went on a nationwide strike to protest EU-backed austerity measures. Police employed tear gas to quell uprisings involving 15,000-25,000 protestors in Athens, The FT reported.

According to Soros, the rescue plan for Greece has a key weakness: The euro is fundamentally flawed because there is no Treasury agency backing it.

“When the financial system is in danger of collapsing, the central bank can provide liquidity, but only a Treasury can deal with problems of solvency,” he said. “This is a well-known fact that should have been clear to everyone involved in the creation of the euro.”

For that reason a well-organized eurobond market is desirable - as are more-intrusive monitoring and institutional arrangements for conditional assistance, Soros said.

You lucky bastard

A golden rule of the floor traders was: "You knew who lost a lot of money, because he would not show up the next day"

Well it has never been so quite in this thread for a looooong time.

http://de.reuters.com/article/econom...65M0A020100623


Soros: Man kann Euro-Kollaps nicht ausschließen
Mittwoch, 23. Juni 2010, 11:23 Uhr



Berlin (Reuters) - Der US-Investor George Soros sieht in der deutschen Politik eine Gefahr für Europa.

Man könne einen Kollaps des Euro nicht ausschließen, sagte er in einem am Mittwoch vorab veröffentlichten Interview der Wochenzeitung "Die Zeit". "Wenn die Deutschen ihre Politik nicht ändern, wäre ihr Austritt aus der Währungsunion für den Rest Europas hilfreich."

Deutschland zwinge dem Rest der Währungsunion eine falsche Wirtschaftspolitik auf, indem es auf den Abbau der Staatsverschuldung beharre, sagte Soros, der Anfang der 90er Jahre erfolgreich gegen das britische Pfund gewettet hatte. Damit trieben die Deutschen ihre Nachbarn in eine Deflation, sagte er. Es drohe eine lange Phase der Stagnation und damit Nationalismus, sozialen Unruhen und Fremdenfeindlichkeit.

Im Kampf gegen die Krise in Südeuropa sollten die Banken besser mit Kapital ausgestattet werden, sagte Soros. "In Wahrheit haben wir es in Europa nicht mit einer Krise der Währungen oder der Staatshaushalte zu tun, wie viele meinen, sondern mit einer Bankenkrise."


Thomson Reuters

Didn't take much to get you back on the board Chantin Your Mantra... Say it often enough and....

Skizzer, I think you'll wind up proving the whole Entropy theory someday, that everything eventually winds down... it may take a few trillion years but someday dude... the Cosmos will agree with you.


Hang in there...

hahah I didnt know of that rule

On my time frames the world is still bearish on the Euro. I haven't lost any money continuing to think that way lately. I just haven't been trading as much. But if you're trading intraday you could have done well being bullish the past week and a half of the corrective retrace. I still think we are at the beginning of a downward move on D1 timeframes.

However, it's a marathon not a sprint and if your getting cocky because things have kind of gone your way lately you've lost the plot.

LOL !

although: Im very thankful for the given slogan:

"HEY, LETS SHORT THIS TO THE SKY"

I love it

http://economictimes.indiatimes.com/news/international-business/Germany-could-cause-euro-collapse-George-Soros/articleshow/6082564.cms

BERLIN: Billionaire investor George Soros warned on Wednesday that the euro could fail and that what he termed "dangerous" policy decisions inEU's $1 trillion rescue: How it happened Europe crisis Berlin could destabilise the entire European continent. "Unfortunately, a collapse of the euro and the European project cannot be ruled out," Soros was quoted as saying in the Die Zeit weekly. "That would be tragic, because then Europe would be threatened by the sort of conflicts between states that have shaped European history," added Soros. He said what he termed the "disintegration" of the European Union was already taking place, with "the difference of opinion between Germany and France on economic policy bigger than 10 years ago." Paris and Berlin have clashed recently on the best way to shape Europe's economic architecture in the wake of the debt crisis in Greece and elsewhere in the euro area. And Soros said that Berlin was "isolated globally" in a debate over deficit reduction ahead of the G20 summit in Toronto over the weekend.


tschüss

Yeah, and they might even prove that BP motor oil causes Toyota car's accelerator's to stick!

Hi what TF are you trading?

I know its still looking bearish on higher TFs.





http://www.forexfactory.com/showpost...stcount=262531

Ya know, some of us have other things to do in Life from time to time besides post on FF...

I posted last night I'd be gone today and I was. I cleaned up all but one trade in various degrees of profit (trading multiple mini lots) and scaled out the other one again near the LOD this morning.

My "mistake" in hindsight which I already posted about was setting up a Limit Sell a'rd the 200sma but underestimating the potential for that move and then leaving ((who knew the market was just waiting for me to leave to go ballistic?)). I set an "airbag stop" which got hit by two pips and then retraced. Setting my stop 3 pips higher would have left me in the trade and currently negative a'rd 30 pips, no big deal really, especially if the downtrend resumes later.

I rarely do that and yeah it cost some of the profit from my other running short but losing some Coin on a trade doesn't run me off from FF... Geez, I'd of disappeared LONG AGO if that was the case...

Some of us have reasons to be here that have nothing to do with how our trades go... Speaking only for myself, getting tired of wading thru Endless BS is the reason you usually don't see me here... That or I have other things to do that's simply none of the business of anybody on this forum...

It's really just that simple for some of us...

Not entirely true. Nick Leeson showed up everyday unfortunately... He just stopped showing up when Barings was broke!

BP motor oil...


Mudd, your profile pic cracks me up man... (Aw Jeez.....)

what indi is the yellow?

ak4x !

Im always reading your GREAT posts 2 times at least!

im following you..

PEACE

My sentiment may have to change.

Because of today's upwards move, the creation of a reversal bar (Dark Cloud) on the Daily is present. Will be looking for longs as soon as the new daily bar appears.