EURUSD

hey guys how did your SL worked in these conditions?? :-)))

set pending buy @4010 sl 3950 tp 4160 just before news...
order activated during news and tp hit less than a minute...

my question:
my broker doesnt allow scalping less than 2minutes, so how is my trade just now? any idea from senior traders?

Press Release

http://www.federalreserve.gov/gifjpg/PRimage.gif Release Date: November 3, 2010
For immediate release

Information received since the Federal Open Market Committee met in September confirms that the pace of recovery in output and employment continues to be slow. Household spending is increasing gradually, but remains constrained by high unemployment, modest income growth, lower housing wealth, and tight credit. Business spending on equipment and software is rising, though less rapidly than earlier in the year, while investment in nonresidential structures continues to be weak. Employers remain reluctant to add to payrolls. Housing starts continue to be depressed. Longer-term inflation expectations have remained stable, but measures of underlying inflation have trended lower in recent quarters.

Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. Currently, the unemployment rate is elevated, and measures of underlying inflation are somewhat low, relative to levels that the Committee judges to be consistent, over the longer run, with its dual mandate. Although the Committee anticipates a gradual return to higher levels of resource utilization in a context of price stability, progress toward its objectives has been disappointingly slow.

To promote a stronger pace of economic recovery and to help ensure that inflation, over time, is at levels consistent with its mandate, the Committee decided today to expand its holdings of securities. The Committee will maintain its existing policy of reinvesting principal payments from its securities holdings. In addition, the Committee intends to purchase a further $600 billion of longer-term Treasury securities by the end of the second quarter of 2011, a pace of about $75 billion per month. The Committee will regularly review the pace of its securities purchases and the overall size of the asset-purchase program in light of incoming information and will adjust the program as needed to best foster maximum employment and price stability.

The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and continues to anticipate that economic conditions, including low rates of resource utilization, subdued inflation trends, and stable inflation expectations, are likely to warrant exceptionally low levels for the federal funds rate for an extended period.
The Committee will continue to monitor the economic outlook and financial developments and will employ its policy tools as necessary to support the economic recovery and to help ensure that inflation, over time, is at levels consistent with its mandate.

Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; James Bullard; Elizabeth A. Duke; Sandra Pianalto; Sarah Bloom Raskin; Eric S. Rosengren; Daniel K. Tarullo; Kevin M. Warsh; and Janet L. Yellen.

Voting against the policy was Thomas M. Hoenig. Mr. Hoenig believed the risks of additional securities purchases outweighed the benefits. Mr. Hoenig also was concerned that this continued high level of monetary accommodation increased the risks of future financial imbalances and, over time, would cause an increase in long-term inflation expectations that could destabilize the economy.

The extra 100 is good but the key is THAT QE for "EXTENDED PERIOD ...". a test to 1.42xx thats what I wanted to see.... Thats enough information for me.

sisse

those who went long at 1.4 were spared for now.

same here

Big sell off tomorrow in asian indices

Oanda sucks.

Who the hell works there?

Risk =0% , On VACATION
Be patience and join the winner Later "Just an advice"

was filled 2nd time, stops moved to BE

usdx big down but with very small tick volume , near weekly tl 76.16 intact, down so far 76.36 .
fontu

4189.9

USD is trash....really cheap

Yeah, Baby, YEAHhhhh!!!!!

600 bln isn't exactly shock and awe is it?

where u guys think is going now?

closed it



crazy stuff

hey guys, the 2 attached charts are in a monthly timeframe and show to possible price moves for eurusd. they are simple and obvious, but thats how the long term game is played . feel free to comment!

1.60

Hit a major fib retrace and then dropped. Just gotta watch it for a while and see where it settles.