EURUSD

We have to clean out the shorters, no cake before a shake

LOL!!! I know, I had 3 long orders in the market and got bored and closed them out for a small profit (scalping). Then only two seconds later it jumped up 20 pips where my TPs where.

Oh crap, that was the move I had planned for.

we have never tested the b/o-area around 440x.

Mr Hatch,

You may like to see this one as well. Thinking on same footings but about no penetration of of 1.5000.

ps - Expecting some posts on option expiry if it gets near to 1.5000

http://www.forexfactory.com/showthre...74#post4628474

I originally had 1.52 in mind - and the worst thing is, I was long at 405x... I'll never learn it.

No one can claim learned it all.

These lines do provide some edge, but so small that worth risking no more than 1% at a time.

agreed.

i have one of those small lines crossing the channel at 3516.9... (fe-extension)

Closed long for a quick 15. Have to use targets from may 15th. Arse hole chart making me scroll far to the left.

I need like a 10 foot wide monitor.

Stair stepping to the moon tonight, not a problem. Makes trading easy.

Anyone else think it's magic that the bar right after the last breakout north happened to go right back and touch the high to the pip pre breakout... then stopped right at the next supply level from may 13th?

LOL, markets are random... sure.

s .4306

I think, they have agreed on days where they don't execute any shorts.

I have 4340 as TP1 and 4421 as TP2 on breakout above 4306.

Rejection of 4306 and retest of support at 4272 is likely.

All bets are off 1 hour before US employment numbers release.

I'm looking at this channel - blue lines - sorry about those green lines - a bit mess (fibbs and price levels). Will keep an eye on this rising channel and maybe decide to sell high, buy low or buy/sell breakouts with small positions:

will later retraced to 1.42 from 1.43 then bull again?

Is that a baby H&S on the 5m? lol

An orderly decline in EURUSD shall prevail until from now until Friday close.

EUR must attract as much money to sell this:

http://www.ft.com/intl/cms/s/0/00a56...#axzz1MlKMHjD1

European asset-backed debt lifts off

By Sharlene Goff, Daniel Thomas and Richard Milne
Published: May 18 2011 19:50 | Last updated: May 18 2011 19:50
Europe’s securitisation market has lifted off with the launch of the first commercial property-backed deal and one of the largest sales of packaged mortgages since the financial crisis.

The two landmark deals, which were announced on Wednesday, represent significant steps in the recovery of the asset-backed markets, which have cranked into gear in recent months.

EDITOR’S CHOICE
Retail-exposed cannot depend on recovery - May-16

UK stamp duty fall stirs interest - May-15

Canadian group leads race for Green Park - May-05

Lloyds puts bad property assets on market - May-03

Matterhorn invests in two data centres - May-03

Oligarch buys £136m flat at Hyde Park - Apr-18

Deutsche Bank is to make the first attempt to package and sell tranches of commercial property-backed debt through the capital markets in Europe since the real estate crash of 2007.

The bank is expected this week to announce a long-awaited transaction to securitise £303m of senior debt that had backed the £480m acquisition of Chiswick Park in west London by Blackstone earlier this year.

The deal follows months of sounding out investor appetite for an issue of commercial mortgage-backed securities (CMBS). Bankers hope it will be the first step in reopening the European CMBS market amid a shortage of debt from traditional bank lenders.

Santander UK, part of the Spanish bank, has at the same time launched a £3.75bn issue of securities backed by its prime residential mortgages, in the largest deal of its kind to be placed on the open market since 20

Crazy question but how many touches of monthly pivot (or any line) before it is considered support? Is thier a general concensus on this?

Placed a short here...

1. Traders have placed longs today all the way from 4250 to 4300
2. The bulk of shorters are are still in a short trade but below 4250
3. Limit orders placed to high up... they will come after...

Lets close those who are long....

I'm new to this EURUSD thread. I must apologize that I've not followed this thread from the start. I'm simply dropping in to seek some feedback on a particular tick formation that I have seen in the last hour. Please see the tick charts in the left and the 1M charts on the right.

Can you see the v-shape spike reversal in the tick chart corresponding to the long wick in the 1M?

Apart from spike, sudden reversal and v-shape, what other phrases are traders normally want to describe? How do you call these kind of move? How do you make out of this move?