EURUSD

I have no idea right at this moment.

But I'm not into calling tops or bottoms. I'm long on the weekly chart, I would go long on daily as well but that train is already gone.

I'll have to give it more thought.

General Tso's Kitten of coarse, or perhaps a BBQ Beagle or possibly Kung Pow Chihuahua, or how about cream of calico soup.

Michael Milken sure looks a hell of alot like John Malkovich....

stringy... better ground.

I was thinking more Robert Duvall.

Anyone else think this might dip down to 3860 before going up for a nice inverse h&s on the h1?

my prom date tried gator,, but she didnt like it at first. cause it kept getting bigger and bigger. so she licked off the flavor and spit the rest out.

short wih TP/SL 50 pips

Rund 245.000 Einsprüche gegen Google Street View

FRANKFURT (Dow Jones)--Der US-Internetkonzern Google hat in Deutschland rund 245.000 Einsprüche gegen die Abbildung von Gebäuden in seinem Dienst Google Street View erhalten. Die Anträge stammten von Einwohnern aus den 20 größten deutschen Städten, in denen der Dienst noch in diesem Jahr starten soll, sagte Kay Oberbeck, Sprecher von Google Deutschland zu Dow Jones Newswires. In den 20 Städten gebe es rund 8,5 Millionen Haushalte, von denen somit weniger als 3% Einspruch eingelegt hätten.

Mit Street View können Nutzer Straßenansichten der Städte virtuell erkunden. Street View ist als Bestandteil von Google Maps bereits in mehr als 20 Ländern weltweit verfügbar. Der Plan, den Dienst auch in Deutschland einzuführen, war bei Datenschützern und Politikern auf scharfe Kritik gestoßen. Die Abbildungen könnten die Privatssphäre verletzen und Einbrecher das Ausspähen von Wohnungen und Häusern erleichtern, so die Kritik.

Die Widerspruchsfrist hatte am 15. Oktober geendet. Google kann den Dienst erst einführen, wenn alle Einsprüche bearbeitet sind. Street View werde noch in diesem Jahr in Deutschland starten, bekräftigte Oberbeck. Einen konkreten Termin konnte der Google-Sprecher noch nicht nennen.

Webseite: www.google.de


DJG/has/ebb(END) Dow Jones Newswires
October 21, 2010 00:12 ET (04:12 GMT)

Gator, what are your numbers telling you?

Does they favour a build of an inverted H&S (2 or 4h time frame), or could we look for a retest of yesterday lows?

A da se ebes ti vo gaz kako ke ti bide? Me razbra li sega??

Hi Jay

I'm still long targeting 1.42-1.43 area
daily looks ok
weekly looks good

medium time frames looks broken but i guess everybody trades them so Gaithner or BB playing some TA with people drawing charts for them. jk

So anyway i got some small short position with stops above 1.4 where my confirmation for 1.42.-1.43 would be.
Time frame for 1.43 area near Nov. If I see 1.42+ before nov i'm closing or reduce my position since i'm expecting some buy the rumor sell the news even.

right now looks toppy, sort of a round top. also markets copper gold are way over their heads.

traders all over the world are trading this pair like crazy so the trade is really crowded so we got this moves like yesterday where everybody put the stop in the same place looking on same trendlines.

up here more into a range and since i hate ranges. i'm reducing risk.

anyway if we break up here EU and EG are going to explode higher. but from a R/R perspective reducing longs getting back closer to home might be wise.
also if 1.4 marks the top we may have some extremely ugly range because now ma's and Ema's are again fashionable so everybody could get killed both bulls and bears.

just my 2c good to see you

usdx has a settup for h/s R shoulder inc 1h

flip a coin... im holding shirt/short till 76.88 usdx

WSJE(10/21) BOE Minutes Highlight Divide

(From THE WALL STREET JOURNAL EUROPE)
By Neil Shah

Britain's central bankers are butting heads over whether to pump more cash into the economy to keep it from stalling amid conflicting signals on growth and inflation.

That stands in contrast to the situation in the U.S., where policy makers at the Federal Reserve -- facing high unemployment and low inflation -- are likely to take new measures to get the U.S. economy going again. Meanwhile, the European Central Bank is starting to wind down some of its unconventional measures to support banks.

But the Bank of England's Monetary Policy Committee can't agree on what to do. Some MPC members fear the government spending cuts detailed Wednesday will knock the economy back into recession. Their prescription: restart the BOE's so-called "quantitative easing" policy of buying government bonds to lower long-term interest rates in a bid to boost the economy.

Other MPC members fear inflation, which stands at 3.1% and has remained stuck above the BOE's 2% target since last December. A re-boot of quantitative easing while inflation is relatively high could create credibility problems for the BOE, whose focus is supposed to be price stability. At least one MPC member in this group wants the bank to start raising short-term interest rates. A third group, of course, would prefer to do nothing for now.

The full extent of the three-way squabble became clear Wednesday when the BOE released minutes from its latest MPC meeting. The minutes showed that MPC member Adam Posen voted to increase the bond-buying monetary stimulus program by GBP 50 billion ($78.51 billion).

While Mr. Posen was alone in voting for further stimulus, the minutes said some of the members who voted to keep policy unchanged, "felt the likelihood that further monetary stimulus would become necessary in order to meet the inflation target in the medium term had increased in recent months."

That suggests Mr. Posen is more likely to gain support for his view than is Andrew Sentance, who voted for a fifth consecutive month to increase interest rates to 0.75%. The split into three camps was the first since August 2008.

Such division could lead to delays and raises the risk of a policy error, economists say. "You want to be proactive," says Simon Hayes, economist at Barclays Capital in London, who says policy changes take time to affect the economy. "You need to (expand stimulus) as soon as you see there's a problem to deal with."

Many observers expect the BOE to hold off buying more government bonds when officials meet on Nov. 4, but purchases of at least GBP 50 billion could be in the cards in coming months if the economy falters, economists say. The BOE halted its bond-buying program in February after snatching up GBP 200 billion of mostly government debt.

Britain's economy charged ahead in the second quarter of this year, expanding 1.2% from the previous quarter. The country's jobless rate, at 7.7%, is lower than the U.S.'s 9.6% level and the roughly 10% average for the 16 countries that share the euro. This week, the Confederation of British Industry, a business lobbying group, said it expects Britain's private sector to create enough new jobs to offset positions lost in the public sector as a result of the government's aggressive spending cuts.
While recent economic reports have pointed to a slowing recovery, Britain's inflation rate remains high and could climb once a planned value-added tax hike takes effect next year. Pumping more freshly created cash into the economy through bond purchases could make the inflation problem worse, triggering anxiety among workers and investors holding assets with fixed payments such as bonds since the value of such holdings is eroded by inflation. And it could distort prices in Britain's bond market: The BOE already owns some 20% of the entire supply of British government bonds.

Benjamin Williamson, senior economist at the Center for Economics and Business Research, a London-based consultancy, says Britain's expected spending cuts will hamper the economy and that the Bank of England will have to pick up the slack. "It's an extra assurance to markets, and it should drive borrowing costs lower and stimulate a bit of lending," he says.
On Wednesday, the U.K. government unleashed the most aggressive deficit-cutting program of spending cuts and tax rises among the world's major economies, including the losses of an estimated 490,000 public-sector jobs by 2015. In a recent study, economists at the International Monetary Fund found that a fiscal consolidation equal to 1% of GDP tended to reduce gross domestic product by 0.5% within two years. Britain's five-year budget-cutting plan amounts to some 6% of its GDP. The U.K. economy is expected to grow only about 0.4% on a quarterly basis in the third quarter, economists say.

Making things worse, U.K. policy makers are mystified as to why the pound's weakness over the past two years hasn't boosted British exports. If Britain's economy can't depend on consumer spending or trade, pressure will grow on the BOE to do what it can to get the economy back on track.
BOE Governor Mervyn King seemed to hint that a more aggressive policy approach could be in the offing. "Domestic spending has already fallen before a pickup in net exports," Mr. King said in a speech Tuesday in the West Midlands. "This highlights a key role for monetary policy: Smoothing the adjustment process by providing temporary stimulus." The pound has fallen 8% against the euro since August, partly on expectations policy makers are close to cranking up their bond buying.
---

October 21, 2010 00:30 ET (04:30 GMT)

I see what too...but there is also a nice gap up..now that gap has to be filled first...hehe then that bitch will go straight down BB throat

Large option structures in EUR/USD

By Sean Lee || October 21, 2010 at 04:43 GMT
|| 0 comments || Add comment
I’m hearing that the EUR/USD is going to have a lot of difficulty in trading outside of some set ranges for the next few weeks. This is borne out by what we’ve witnessed over the last few days but we can expect more of the same for the next 3 weeks.
Fresh barriers are now in play at 1.4000, 1.4050, 1.4100, 1.4150 and 1.4200.
The downside is less clear cut but option players tell me that demand will increase significantly for EUR/USD as we get below 1.3700.
In other words, put your range trading hat on.

i'm looking on 1h closely but 4h has an inverted one. level to defend 76.9 - 77
Gaithner comments came near that level not that i'm implying there is FX manipulation oh no God forbid

or 77-78 range. :nerd:

exactly

or hey I'm loosing money . it has to be a range now

ceiling falling... we should move shorty.. poke a hole through it or slap down

Down to a 10 pip BB spread on the 5M.....pacing.