EURUSD

Why are most of you totally betting at a bearisch movement?

For me it is totally clear that we get a (big) move upside this week. The warnings from S&P has resulted in an nice bearish movement, what gave us the chance to take low entries.

This week is one of the last chances for the European governments to solve the Europe crisis and in my opinion they only way will be that they will publish a positive outcome this days (maybe it is just for the form, but they will be optimistic). The warnings from S&P are given at the right moment too, because now the European leaders can take the right measures against the problems.

My first targets are 3485, 3510 and 3550. Later we can go for 3610, 3660, 3720, 3770 and big target 1.3870.

After this we can go lower when the problems will be back.

China wouldnt dare to mess with India, Both are Nuclear powers,

Ok, I will give it one more shot.

Is here anyone, who expects anything from Fed on Wednesday?

I expect jawboning about increasing chance of additional QE in order to bring markets up before Summit in order to ease the fall afterwards.

T

4/4 +20 for the day!! LETS GET GET GET IT!!

My wife is an Attorney and her sis is a Doctor....I feel like all that schooling was a waste of time!!! While I sit at my desk in my favorite pair of boxer briefs

looks like i was right about the hanging man and bearish move !

bye bye for now.


:nerd:

25 or 30 pips retracement is nothing...

Someone trading 0.10 a pip would say that....2 lots +30 = ?

i mean, 30 pips retracement is nothing compare with what bullish movement we can expect these days.

We.re here again up or down ??
im looking for a break of 400 in to the 60s

Canned another easy short for +5....1 long and 4 shorts today...not bad

Half way there

There will always be opportunities, but I still hate missing a good slide. I was planning on entering my positions starting at the 3420 area. Never made it--at least not this time.

Oh well.

more volume in the market now, i am curious what to expect from ny session. i am still bullish, especially for end of this week

Ah, what am I trying here. You´d better wait for some MA cross, or some trendline. Oh Oh, and Stochastic works great. And I have heard wonders about MACD, you definitely should try this one.

T

74 was yesterdays low

+30

but will it hit 63/47 ??

learn to trust the force,I must

really ?

the move is now +40 pips. so what you say now junior ?


if a 30 pip move is nothing for you, then you must be a multi millionnaire right ?

30 pip move is a good move for me. thats 30 pips gained. people make thier fortunes on a 10 pip gain each day.

you have a lot to learn my friend.

This is a nice one post. At least someone I can talk to. You have said it yourself. This week is one of the last chances. CBs used another of their few bullets and lowered Swap rates in order to give European muppets more time.

First of all, it all depends on scale of view. For example I am bearish in long term, like moths. But I acknowledge we can have bull this week, because of a) hopium liquidity b) hope of summit brings solution (like your hope) c)Good US data (Which is in fact short term bullish but long term bearish). But the underlying fundamentals - debt burden + incredibly high yields still remain heavily bearish.

What do you expect out of summit? Ofc it is incredibly hard to see outcome of politicians decision, but this is what I expect.
1) Angie will not let Eurobonds (Stabilization bonds) through.
2) Angie will not let printing press through. (Instead they are using stealth QE by buying toxic bonds through ECB)
3) Fiscal consolidation. imo the most possible outcome. But they wont be able to pass changes to Lisabon treaty. So what are they going to do? Make some silly amendment. For example they will make new treaty for all EMU nations, where will be written they have to obey rules for deficit, or otherwise they are going to pay sanctions.

Is this positive for markets? Well, not positive for me for sure. None of these solutions solves the debt problem, though fiscal consolidation is very good step forward. I just wonder what are those people going to say when Brussel is going to cut their pensions.

So this week, it may be bullish. But I still consider underlying bearish fundaments too strong and expect ranging market. So I say 358x is a top for me. If it goes higher, I will be shorting like insane.

T

Just canned another short....Now I will sit back and relax