EURUSD

Click on his name hes got a really good picture

Hows doing Killer missed our little fights

so where do we go now? up or down? lol
i am staying out for now. maybe will try to short 45 one more time

We are still ranging, if you must trade, scalp. If not just leave it for London tomorrow.

I'm sold @ 1.2440 about an hour ago =( SL 1.2458 TP 12.330 which was the forecast.

Dont know if I should just close that or leave it as it is.

I now believe the bear has lost momentum. There's still a chance it can resume and take out the 1.22xx low, but the longer we go sideways, the less of a chance that is going to happen.


Currently long - initial target 1.2690

Will have to wait and see what happens when we get there

short from 45 one more time. lol
tight sl

looks good so far

The only truth is the chart.... Switch off the news completely... it's starring you in the face with your chart

what was the news?

short closed
tomorrow is a new day

ok long trade is on table,,,time to rest.

‘Serious possibility’ Cyprus may need EU bailout

Tuesday, 05 June 2012

Cyprus assumes the rotating presidency of the 27-member EU bloc on July 1, and is now in serious need for Europe’s economic help. (Reuters)

Nicosia

Eurozone member Cyprus conceded on Tuesday that there is a serious possibility it may need an EU bailout to save its banking system, which is heavily exposed to Greek debt.

“The possibility of addressing the financial stability mechanism to support the banking system, due to the problems created by excessive exposure of banks to Greece, is a serious possibility,” deputy government spokesman Christos Christofides told reporters.

He said the government was looking at various ways to support the banks, which included finding a loan “from elsewhere.”

Cyprus has already secured a 2.5 billion euro ($3.2 billion) low-interest loan from Russia to cover its refinancing needs for this year.

The recession-hit economy is struggling with record unemployment, austerity measures and trying to rein in a deficit twice the EU accepted limit of three percent of GDP.

The government is committed to getting its bloated deficit to below 3 percent this year from 6.4 percent in 2011.

But it is reluctant to introduce deeper public cuts to drastically slash the deficit.

“Cyprus will not go to the support mechanism because it has a fiscal deficit of 2.5 or three percent -- if we finally apply. This must be crystal clear, it will be to support the banking system,” said Christofides.

they say, so goes the euro safe hole ... slowly but surely! so ... eyes on candles! !

So it's bound to keep going down?

Just a matter of holding my positions O_O

What I meant, I'm currently on a selling pos 1.2448 with no SL and no TP set, cause it's a low volatile market. I'm on the watch here. But I'm wondering if I should set any SL or TP o just try and hold those positions. Maybe closing some others to mantain my margin (which is only around 270-300%)

Suggestions?

g7 countries vows to help in solving greece and spain problems, lets see how it impacts euro.

I take that as a "close your operations and wait for a (trend)" ? :

been sleeping back now. when i fell asleep we were testing trendline. and 2510. look where the move ended. sometimes we make forex too hard on ourselves, just look for one low risk trade per day (and there is always at least one, at least) and get out of the market.

i'm telling you, it pays MASSIVELY, to go down to lower time frames to connect trend lines perfectly (if you try in the 1hr or 4hr you will be off a little bit, and every degree of slope makes a difference)

http://www.businessinsider.com/full-...-speech-2012-6