EURUSD

4420 is the edge

What you guys think about this?

watching 44.35. We should go above that, then 44.41-45. Im waiting there to short again

Ok, i had green. we'll see.

nothing says we have to bounce after.. but we normally do.. i got burned Friday on something that rarely happens, this rare thing happened twice in a row (not normal).. we usually slip then bounce.. we got some slip..atm.. but no bounce yet. the bounce usually has a rhythm. ill post a bounce target.. its monday.. and the weekend had some funny ticks. so i say its cloudy.. but if correct target #2 is a huge lower move to 4317 target... #3 4301.2

another little quake to sushiland.

s 34.. sl 46

Slow moving market tonight that is for sure

I remain short on EURUSD. I plan going long at 1.4400

but i guess you are shorting at 38 41 43 also. im shorting at 41 first 43 and i believe we could get to ema144, my sl would be above that ema144.

Right now i have some trade on the long side because is the main trend.

Then im shorting

Cashed out of short for +30 Will be re-entering Longs soon.

-Watching short cycles

we use different setups. mine says long both m5 and m15.
but i see your point, i had plan to go long from 4404 first, but i saw green earlier. we'll see.

Hey gator,
what are these line on your chart and how do you trade them?

im waiting for a pullback. oil closing below 111.83 ny.. would be a clue. atm @112.13

closed -12

http://www.reuters.com/article/2011/...73A15620110411


Mon Apr 11, 2011 9:24am EDT

* Euro overnight rates set to jump higher * Markets see further rate hikes by July * Fed may have to follow sooner than anticipated By Kirsten Donovan LONDON, April 11 (Reuters) - The Eonia overnight rate is set to hit its highest level since February this week as the European Central Bank's new maintenance period starts with higher interest rates. The ECB has raised its main refinancing rate to 1.25 percent, ending almost two years of record low interest rates, and money market rates have risen as the market prices in expectations of more tightening to come. The Eonia overnight rate EONIA=, which has historically traded just above the ECB's refinancing rate, has been compressed by the ECB's provision of unlimited liquidity, which will continue to cap its rise. The rate began the March maintenance period at 0.84 percent before falling to 0.54 percent -- a typical pattern as banks tend to front-load their reserve requirements in the early part of the period -- to give an average rate of 0.67 percent. "Reflecting the hike in the refi rate, we expect Eonia to trade higher, but remain below the refi rate because it is driven by the excess liquidity," said Barclays Capital rate strategist Giuseppe Maraffino. With excess liquidity currently at its lowest levels since June 2009 at around 10 billion euros, according to Reuters calculations, how much funding banks take at this week's open market operations will be key. This week 84.5 billion euros of one-week money expires, along with 82.3 billion euros of one-month funds and with tenders being held on Tuesday. "If demand for ECB liquidity is good we could start the new maintenance period with an excess of 30 or 35 billion euros, but if it is low then we could see sharp tension on Eonia in the first part of the period and volatility throughout," Maraffino said. In the first case, Eonia will fix around 1.05 percent, he said, rising to 1.10 or 1.15 percent in the latter, in either case the highest levels since early February. Excess liquidity in the money market is currently around 10 billion euros, according to Reuters calculations, the lowest level since June 2009, just before the ECB offered banks access to unlimited one-year funding for the first time. With the ECB signalling it could raise rates further, benchmark three-month euro Libor rates EUR3MFSR= have continued to rise, fixing at 1.255 percent on Monday. Markets are pricing in just under a 70 percent chance that the ECB will raise rates again in June and fully pricing a rise by July ECBWATCH. With the ECB the first major central bank to begin tightening policy, debate is growing over whether the Federal Reserve and Bank of England will have to follow shortly. Markets however have scaled back expectations of a May hike from the BoE and see a first rise in August, while the Fed is not seen tightening policy this year. Deutsche Bank strategists said that while the unemployment situation in the United States is critical to the Fed's policy, if it proves to be structural, the central bank will face a more difficult unemployment/inflation trade-off. By comparing current economic conditions with those seen in 2003, strategists said that apart from the higher level of unemployment, current monetary policy should be at least as tight as then. "The pricing in the front-end of the U.S. (curve) remains benign ... given the overall situation of the economy notwithstanding the level of unemployment," the bank said, adding that this should be supportive for a trade going long euro 1-year forward rates versus the U.S. equivalent. The intended Federal funds rate was 1.00 percent in the second half of 2003, according to the central bank's website. (Reporting by Kirsten Donovan; Editing by Susan Fenton)

After 12h
We see as I sad

short again, little risky but im just continuing my trading plan.

Sl above last high, im putting my short term trendline at the end of this hour candle.

Also, im short on gbp.

ACCORDING TO MY TRADING PLAN

back in @s 52..
target 4317.8 plus 2,,,

not a recommendation...

bbl

closed +27 @53