EURUSD

I understood. Fed thinking on long term process. Purchasing assets will help US when liquidity will dry up.
But we should understand, this process won't be succeeded since world number 1 funding currency is USD. This is too stupidity

Short term count updated, too......

Any news about the Irish debt crisis?

Hi guys and Marry

My Fibo is telling me we are on 200% (probably forming triangle in 4 of 3 of 5) and next station is NUUK 1.4320

(in my EW count could be this level good place for 5 of 3 of 5), small retrace and final push to 1.4320/70, I suppose at this level first larger retrace (around 80 - 120 pips, just to brake 1.43, but if is larger than 250 pips it could be over with UP trend.

My Fibo target is 1.4444 and major point 1.4520. Just last 2 years this pair didn't make 5 of 5 of 5 on all degrees (1.4350/70 could be over with the UP trend and looking for larger correction or wave 3 down)

Trade well

Hi
as a junior member I can't start a thread and I want to talk about a scalping method and I don't know where to start, I found so many scalping threads but they were inactive.
I saw this thread with so many viewers so I thought someone here can help me, sorry for interruption, Thank you in advance.

Hi Markus

I managed thru the night next 155 pips with 60 lots
If I sleep I do lot of work

Great count!!!
G.

well the market sure isn't....

merry=husna?

hehehe i was thinking the same bro!

Eyes down for ECB...

Hey Guys,
From experience, what sort of volatility can we expect from Trichet's speech and press conference?

irish and portuguese CDS are highest EVER been


http://www.forexlive.com/143927/all/i-feel-its-my-duty

Bank of England rate announcement – no QE yet
The momentum which had been building behind potential extension of the
Bank’s quantitative easing programme appears to have stalled after the
release of the stronger-than-expected Q3 GDP figure. This saw GBP-USD rally
but the US QE debate is so overwhelming it has consumed the UK debate on QE.
The formulation of new growth and inflation projections for the upcoming
November 10th Inflation Report will still produce a lively debate across the
Committee and, we believe, another three-way split in the voting pattern.
Recent interviews suggest that the Q3 GDP figure has not affected Adam
Posen’s preference for further QE, while Andrew Sentance’s hawkish opinion
is likely to have been strengthened. The opinion of the bulk of the
Committee, however, is unlikely to have been greatly influenced by the GDP
figure and we do not expect the door to be closed on the potential for more
stimulus to be delivered at this stage, given the more dovish tone that has
emerged of late. Once the US has done QE the market will be able to focus on
the UK QE debate. If the forward looking service sector PMI is weak on
Wednesday the QE debate will quickly resurface. If we are correct that the
USD rallies in the following the US mid-term election and post the FOMC
announcement, if one couples this with the idea the UK could embark on QE,
then GBP could be hit badly.

ECB rate announcement – EUR love me tender
The ECB is expected to keep the refinancing rate unchanged at 1.0%. However,
the markets will scan closely ECB head Trichet’s press conference for
potentially hawkish signs in the wake of the Fed’s QE2. We believe Trichet
will remain constructive on the state of the Eurozone economy, but not be
outright hawkish. On non-conventional policy measures, the biggest risk is
that the ECB announces that the full allotment of the 3 month tender will
not be rolled over into 2011, although this is not our current call. We
believe the decision will be postponed to December. To be honest our
greatest concern of how our USD bullish view could go horribly wrong is the
Fed does a lot more QE than expected and this is then followed by the ECB
not rolling over it full allotment. On a relative QE basis the EUR will leap
higher. This is not our view but it will keep us awake at night.

Exit to non conventional measures: 3 month tender is the key
On non-conventional measures, we think the ECB will not announce the end of
the bond buying programme. The biggest risk for a hawkish signal lies with
the 3 month tender, namely if Trichet categorically excludes the roll over
of the full allotment scheme into the New Year. Demand at the last 3 month
tender was a bit higher, illustrating that markets are not completely back
to normal either. Hence, the ECB may buy some time and delay the decision to
December.As a seasoned international diplomat, Trichet is unlikely to
comment on the Fed’s second round of QE, even though German economics
minister Bruederle has expressed his incomprehension vis-à-vis the US
(Bloomberg October 23). Generally, he will refer FX discussions to the
upcoming G20 summit (11
November), although he may point to the dangers of trade barriers. This will
not stop the press from badgering him to comment on the issue.

Take a look at this charts:
http://img249.imageshack.us/img249/6144/92390679.gif
http://img64.imageshack.us/img64/8108/38825656.gif
Will the trend really change?

I use Fibo retracement in technical analysis. U need to connect swing low/ high in order to get the correct retracement for an uptrend

please resize your charts.

and yes, i think it will change.

he's a wild card.

never know what he going to say.

he's the worst among on the players.

stan

there it is, the question for the brutality of the move.

keep on your toes NOW.

Daily R2 is at 4301... 4300 level should provide some good resistance first time up IMHO.

Short here...