EURUSD

Probably BOJ downgrade.

What about your short brother.. still keep it or stopped out?

Based on the H4 I was going to start building a position trade today, the fundies threw a spanner in that one and I got stopped for zero gain and focusing on the position trade I missed out on scalping the news spikes. Ah well, can't win them all.

Am now looking to see if this top here holds for another short.

bull trap >> ware 5 big

haha.. also had active.
they are pretty fast on orders, but
dukas is 10 times faster than them )

if active processes order in 1 sec, 2 sec on high volatility,
dukas processes order in 0.1 sec
and on high volatility 2 sec can be 10 pips or more...

AND if you subscribe to dukas with a referal you get 40-50 discount off comission.
If you need a referal link tell me.

ECB’s Bini Smaghi: Expected rise in imported goods cannot be ignored

waiting for 3753-58 to take short.. otherwise patience here

FINALLY!!! THE MOTHERF***ER GOT THERE!! the soooo nice to be 0.618%.
I hope it is happy now and we can finally start shorting like there was no tomorrow!!!

PA can go many pips up before divergence play out, and trends can last very long, longer then you think without any retracement. Take a look that trend from 2010. month 9 till 2010. month 11. - upmove around 1500 pips and no retracement.

(IGM)[EUR/USD] has surged higher despite talk that a semi-official name was on the offer, surpassing the day's highs of...

[EUR/USD] has surged higher despite talk that a semi-official name was on the offer, surpassing the day's highs of 1.3730 to 1.3738 so far. Bini-Smaghi's comments that imported inflation can no longer be ignored is doing the damage. Lots of chatter is appearing on the wires from Davos, with French Pres Sarkozy saying that no-one is trying to undermine the Usd which will remain the main world currency. Sarkozy adds that it makes no sense for the G7/G8 to discuss currencies, if China is not present and pledges that Merkel and himself will never let the Euro fall. He adds that those who bet against the Eur should watch out for their money and that the consequences of the Euro disappearing would be so cataclysmic that it is not worth thinking about. Also hitting the wires is the OECD Secretary General Angel Gurria who said that a bigger Euro stability fund is a possibility and the Spanish bank restructuring programme will work. 10:50 GMT - The size of [SPAIN'S FROB] 3Y bond issue has been set at Eur 3bn and the price fixed at m/s +220bp, the tighter end of the initial 220-225bp guidance, with orders books now closed (10:15GMT). Staying with Govt supply, but turning to the [UK], order books for the 2055 syndicated inflation linker have reached Gbp 5bn with books also closed. The price has also been fixed, -2.5bp vs the 2050 linker and the -1.5 to -2.5bp range. The DMO aims to sell Gbp 3.9bn. Meanwhile, EU govts must record their share of bond issuance by the [EFSF] as debt, according to Eurostat and [OECD'S] Gurria, speaking in Davos cautions that ratings agencies are making matters worse and not helping, a reference to S&P's move on Japan, but perhaps also other downgrades in the fragile sovereign/financial sector debt environment.

I was watching price movement based on daily and hourly charts. We had a nice bullish consolidation during Asia on EU. Also USDCHF was making triple tops at 9565, then again spiked when EU tanked.

Daily Fib hitted

resistantline >>scalping short

+50 closed

Did u do some research on the swiss regulation??

Are they trust worth??

Downgrade this morning brought us 100 down, Sarkozy opening his gob brought us 100 up (he must have had an option down there).

At least we got the news out of the way. Am going to let this settle to see if we get a technical trigger. Right now there are some big boys licking their wounds with 3725 having been triggered.

this could blow thru 13777. then thats a bull

I've never seen one set of people spew so much nonsense about their currency. - Im convinced, they are obsessed. Every single time I read the wires it speaks of some ECB member or European hothead boasting about the euro's prowess; sickening really.

Even worse are the US counterparts, Geitner' and Apache Ben who probably doesn't know the USD exists.

short 1.3747 , sl 80 tp 300

Price hit the Weekly Resistance.