EURUSD

Turned out to be true.

I expect 1.3540 or 1.3550 Monday morning, we may see 1.3520 in 1 or 2 hours... Let's crush the bears

nice call trader

longs fits my system but will not trade until next week.

Hello addicts,

Have a nice weekend!

my advice is to give the charts a break and read... the chance of this going up over the next month is low at best... sell the rally... its easy. the question is are patient enough to wait for it.

http://online.wsj.com/news/articles/...tion+--+Source

Bundesbank Would Favor End of ECB Sterilization -- Source

Move Would Boost Liquidity in Banking System

[highlight=transparent; font-family:arial,helvetica,sans-serif]FRANKFURT—Germany's Bundesbank would favor an end to the European Central Bank's policy of withdrawing significant amounts of money from the banking system to offset its government-bond holdings, a person familiar with the matter said.[/highlight]
Such a move, which would have the effect of boosting liquidity in the banking system, would be aimed at smoothing out recent volatility in money markets, the person said.
Under an ECB bond plan known as the Securities Markets Program, the central bank committed to withdrawing funds from the banking system in amounts equal to what it accumulated in government bonds of Greece, Ireland, Portugal, Spain and Italy. The ECB bought more than €200 billion ($271 billion) in these bonds under the facility from 2010 to 2012. Each week, it drains funds by offering financial institutions interest-bearing deposits, a process known as sterilization.
It is unclear whether there is a consensus on the ECB to end the policy, the person said. The ECB meets on Thursday. In December, ECB President Mario Draghi said the ECB was "reflecting" on the issue.
Sterilization helps to keep the money supply stable, and the policy also shields the ECB from criticism that it has used its balance sheet to monetize government debt.
But the strategy has led to some concerns in financial markets that the ECB is creating additional volatility in short-term money markets by reducing the amount of liquidity in the banking system. By ending the sterilization, the ECB would increase the amount of surplus funds that banks trade with each other, the person familiar with the matter said, anchoring short-term interest rates.
The central bank has been unsuccessful in recent weeks in draining the full amount of their remaining government bondholdings. In the latest week, banks deposited just over €150 billion with the ECB under the sterilization program, €26 billion short of its target.

[highlight=rgb(245, 245, 245); font-family:arial,sans-serif; white-spacere-wrap]gold is going high from here...[/highlight]

Next week:

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Interesting concept, do you mean, you set your SL at BE+1 after it moved into a good position? why not try to move it higher a bit after it ran well into good position? and how did you set your exit or TP?

Euro Daily Chart

Monthly moan ending January 2014


It wasn’t a joint that I was smoking, I’m sure of that.

Sure, I was in the Netherlands last week, a little lost as I looked for a small coffee shop, but adamant that I had not entered into one of those ‘special’ coffee houses that trade with such consistent volume.

Nonetheless, I had to check that I could see the four fingers that I held up before my eyes, and which confirmed that the words in the Bundersbank statement that I was reading in the news, were correct. It didn’t take me much to correlate this to how the Bundesbank now seems to be playing its part in what may gradually transpire to be a well-coordinated series of events that we, the public, will not learn of for at least another ten, maybe even twenty years.

I say this as I have been monitoring the slow progression of soft aggression being perpetrated by the likes of the IMF. I’m sure we can all still remember the recent farce – well, actually, I think it was more of a full-on frontal forewarning – that was the bank-raiding of Cypriot accounts by the European Union authorities, and thus a sign of things to come in this darkening social democracy. And now, we have the powerhouse of Europe explaining that countries about to go bankrupt should draw on the private wealth of their citizens through a one-off capital levy before asking other states for help. Uh oh…

The Bundersbank did not specify if we would all be bailed in to this together – although I suspect that we would be – but it did state that “it is not the purpose of European monetary policy to ensure solvency of national banking systems or governments and it cannot replace necessary economic adjustments or bank balance sheet clean ups.”

Hmm, well, there is some sense in that, but let us not forget that the whole Lisbon Treaty debacle sure does appear dirty when it suits, and regularly renders Articles 122 and 125 ridiculous inclusions, when either can be adopted as a defence for an action if it suits current realpolitik, and in so doing, can cancel the other out.

I’m sure that most of us by now have our suspicions over how large financial institutions will be protected from penury before those that are forced to feed it – us – are, and that this is supported somewhat by the Bundersbank’s recent monthly statement, which explained that a capital levy “corresponds to the principle of national responsibility, according to which tax payers are responsible for their government's obligations before solidarity of other states is required."

Hey!? Now just hang on a minute. Why should I have to pay for the excesses of those that I do not think should represent me? That is, the current batch of groomed clowns for governments, and who enjoy expense extortions and partisan perks that leave the rest of the populations seething with seditious sentiments. Furthermore, was it not the case that the Bundersbank, and by association, GDP strength through exportation of manufactured goods, was suffering under the strength of the Deutsche Mark?

Yeah, I think it was, and so I find it a little galling to read of the high ground of individual responsibility now being preached by Germany, when, not so long ago, the rulers of this nation felt it okay to cut a deal with France that permitted Germany not only reunification, but also access to a fresh market… Jacques Delors, Helmut Kohl, and the rest of them slippery buggers, all in on this deal together. A deal that Germany welcomed, as the imposition of a single currency across other states within Europe, allowed for fancy cars and unbreakable tools to be, apparently, affordable to a continent of shoppers desperate for the dependability of the ‘made in Germany’ distinction, but not quite fully understanding the debt that would accompany this obligation to becoming doped up on brand devotion. Oh, and also delicately-dragooned into accepting all of those other little costs of living that come with being put on currency par with a nation as industrious as Germany, but with a dwindling employment level to pay with.

Well, I suppose we will have to wait to see what guff is puffed out in the near future by that most wonderful of platitude producers – Christine Largarde – and which I think is already being prepared for if her recent comments in Davos are anything to draw inference from. Deflation, old and new risks, wish for Eurozone inflation to increase – do we all get concomitant pay rises to afford this? – and all of the other usual waffle to mask what is, in many an analyst’s opinion, a sustained period of stagflation.

Hey, Chrissy, you ‘godda’ chill baby. Ain’t no need to bum us all out by adding more inflation – officially recognised, that is – to the current stagnation within this wonderful new world of liberalised globalisation. Here, why don’t you come and sit by me and put this pipe in your mouth… yeah, that’s right, suck on it as you enjoy the blow.

http://www.forexfactory.com/showthre...63#post7249663





we miss that 200 ema for 10 pips. Not bad. closed my shorts. when we make that 10 pips more to suport line on 4hr chart. good place to buy to green resistance line on same chart, with very small SL . But this is not my system, so smaller size for me. just in case.



on daily that buy might to lower side of cloud like on sep. 6th did already but from other side of cloud. So from that area down if stay below cloudd. On daily we made a close below last low under the cloud also. SL could be Above high, and that is not a small amount so...but until no new higher high this have a down momentum.Still some up and downs bounces before biger move for now at my table.

Just a quick note, if you take a look at the 1,3475 line on daily and look back quite some years, you will notice that 1,3475 area is one nasty support/resistance area. Momentum is needed to get down trough, and we actually got stopped at it. 2013 EU was trying hard to get above it and stay there. november 2013 it got pushed, with the help of ECB rate cut, below with serious momentum, but got back up. 20 th nov it was at it again with momentum. Some days later we were again back on the upside. So my guess is, if we need to break down, we need some serious momentum, and that needs to be built. So a bounce from here to? 1,3572-77.

My daily view tells me we are consolidating and this should be the low in the range so we should be heading up. But US strength can now start changing that view, but until break of consolidation, we are still in it.. and that 1,3475 area is keeping us from falling..

I like my double ententes… especially when directed against those that I do not particularly like.


I hope the little ditty gave some respite from the chasing of money on FF, and plan to try and pen one of these a month. (I get bored in hotels)

And yes, happy horse year... you do know that the wife and I are, albeit at amateur level, avid horse lovers, and ride and compete whenever possible?

That's my horse... the one in the background.

getting closer but hold the cigars for a while

Almost there! More 190 pips and reaches the target.

can anyone tell me the broker name who provide AUDCNY, NZDCNY, CNYJPY pair ?

http://lmgtfy.com/?q=CNY+forex+broker

much depends on our side of recovery.If numbers keep coming up red I don't expect much Bear action below 1.35
Shorting makes sense from 3650 -UP
I don't see how more liquidity necessarily equals lower Euro.
Fundamentally despite of Feds tapering our "recovery" is soft to none existent.Feds after spending 4 trillion dollars have almost nothing to show for.
Irony of Ponzi scheme ...
regards

the eur/usd is in a down trend started from a monthly level. this down turn will provide a lot of pips for the coming weeks