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EURUSD

  • #452,961
  • Jun 1, 2011 2:12am Jun 1, 2011 2:12am
no visible b/o on this session open
  • #452,962
  • Jun 1, 2011 2:14am Jun 1, 2011 2:14am
Quoting dean1star
Euro sharply lower after FT reports central bankers no longer oppose Greek "restructuring" (ie default)
Some sources said Trichet lost his cool when Greek government said they are thinking to default. He said he will stop support greek banks if they do it. Even a partial default of Greece means huge losses for French, German banks and ECB. Look at the debd ratio of société générale, BNP or Deutsche Bank. If Greece default they are all gone. But most of all take a look at the ECB balance sheet.

I bet Merkel will provide another loan... poor germans.

http://www.spiegel.de/international/...764299,00.html
  • #452,963
  • Jun 1, 2011 2:14am Jun 1, 2011 2:14am
Quoting fontu
ok , untill & unless bull already in the market with flying color , 4441 broken to have the bull signal confirmed, yes retracement may be there at some up perhaps, not that great as before perfectly with some good news to sell enough like gaddafi only or no lesser to me .
fontu
weakness already in though at 4441?
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  • #452,964
  • Jun 1, 2011 2:16am Jun 1, 2011 2:16am
FIRST GERMAN LANDESBANK TAKES PROVISIONS ON GREEK GOVERNMENT BONDS:

http://www.ftd.de/unternehmen/finanz.../60059559.html
________________________________ Errare humanum est
  • #452,965
  • Jun 1, 2011 2:17am Jun 1, 2011 2:17am
Quoting bbakker
No but cashed in some of my short on the second visit using the m1 timeframe... I am looking for a bigger drop. Nice supply zone (h1/h4) around 1.4440 with a 50% fib confluence and if we break 1.4450 we will see 1.4565 which is 61.8% fib and another nice supply zone (h1/h4). If we break that... back to 1.49+

Fundamentals state that we are balancing on a knife-edge... until we get news as to what the EU will do with Greece. IMF are not stupid enough to throw good money after bad, whereas for the EU... it could break the Euro or at least severely...
If you look at the 5 min chart there was a demand zone between 397 and 386 from 21.55 gmt and 11.05 gmt last night. The spike went down to this level and it would have been a good place to buy for a strong move back up to the supply zone at 430. 40 pips in less than 15 mins. Although I know you tend to look at longer term time frames

I agree with you about the risk. Apparently according to Daily FX news stream the spike was caused by "BREAKING NEWS: Euro sharply lower after FT reports central bankers no longer oppose Greek "restructuring" (ie default)" as well as the article in the german newspaper
  • #452,966
  • Jun 1, 2011 2:17am Jun 1, 2011 2:17am
bearish until this turd closes above 4482.(s 4521 pending). if it does, then i still scalp until next month is a new year high.. the monthly close was piercing, a bearish sign.
bbl
those who can, do. those who cant, talk about those who can
  • #452,967
  • Jun 1, 2011 2:17am Jun 1, 2011 2:17am
m15 tick vol for the spike...
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  • #452,968
  • Jun 1, 2011 2:20am Jun 1, 2011 2:20am
Quoting FibbinArchie
we actually got any indication for time scale of redraft yet? or just towards the end of the week?
Greece needs to refinance by the end of this month... can't remember the exact date, so it could be a few more weeks depending on Greece and if they accept the new measures. Clearly they did not keep their promises from last year's bailout, so why should bailout II be any different?
  • #452,969
  • Jun 1, 2011 2:22am Jun 1, 2011 2:22am
Quoting mtvortex
nice catch...euro might be weaken until week end. most probably at weekly low.
London seems to have other ideas! Maybe a stop hunt for those weak shorts... maybe a push to the 50% fib
  • #452,970
  • Jun 1, 2011 2:23am Jun 1, 2011 2:23am
Quoting FibbinArchie
lol, would imagine only the 30/40 somethings and older can remember different strokes...
lol yeah im 38 it was fun those days
Hope
  • #452,971
  • Jun 1, 2011 2:23am Jun 1, 2011 2:23am
Quoting Flynchenberg
Well done mate, wish I can manage limit orders like You.


Seb
Thanks, but usually i stay out of Asia
  • #452,972
  • Jun 1, 2011 2:24am Jun 1, 2011 2:24am
Quoting swing 123
weakness already in though at 4441?
ok, as target reached likely some lack of motivation but not that weakness and at the same time other side to need strong enough to use this moment for a retracement . here nothing seen , usd is weakest of all weakest currency perhaps now .you see how every bit of the little sell is being bought !!
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #452,973
  • Jun 1, 2011 2:25am Jun 1, 2011 2:25am
Quoting bbakker
Greece needs to refinance by the end of this month... can't remember the exact date, so it could be a few more weeks depending on Greece and if they accept the new measures. Clearly they did not keep their promises from last year's bailout, so why should bailout II be any different?
possible scenario: lower dbl top @ 514x, then it gets smashed sub 18xx, all hinges on qe3 imo...
  • #452,974
  • Jun 1, 2011 2:26am Jun 1, 2011 2:26am
Quoting gatorinla
bearish until this turd closes above 4482.(s 4521 pending). if it does, then i still scalp until next month is a new year high.. the monthly close was piercing, a bearish sign.
bbl
I do study candlestick formation, but would you please just expand on how you see the candle for May. Thanks!
  • #452,975
  • Jun 1, 2011 2:26am Jun 1, 2011 2:26am
Quoting FibbinArchie
lol, would imagine only the 30/40 somethings and older can remember different strokes...
Look Sharp/Trade Tight
  • #452,976
  • Jun 1, 2011 2:26am Jun 1, 2011 2:26am
Quoting TheGamer
lol yeah im 38 it was fun those days
yep, 80s were the best...
  • #452,977
  • Jun 1, 2011 2:27am Jun 1, 2011 2:27am
Quoting mercy seat
Maybe you missed the boat then ...

These moves show us how nervous mkts are atm ... just a small note from a newspaper ... and boum zack we have had our nice entries ...






;-|
Maybe i will sell EU now with 40 pips s/l aiming for lower levels
  • #452,978
  • Jun 1, 2011 2:27am Jun 1, 2011 2:27am
bears be warned, this thing is gnna make a quick retrace for at best 30 pips down,
then its upward.
  • #452,979
  • Jun 1, 2011 2:27am Jun 1, 2011 2:27am
Quoting PayTheLimit
the old geezers lol...
  • #452,980
  • Jun 1, 2011 2:28am Jun 1, 2011 2:28am
Quoting fontu
ok, as target reached likely some lack of motivation but not that weakness and at the same time other side to need strong enough to use this moment for a retracement . here nothing seen , usd is weakest of all weakest currency perhaps now .
fontu
Lost 25 pips recently in sell. i guess i should take a break for a shower & some good breakfast

bbl friends
Hope
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