EURUSD

See technically, whatever losses eur suffered today has been erased. If tech study is true, then bullish wednesday.

Feels different this time..

Let's see how the market reacts tomorrow. Doesn't feel like it's strong and on enough volume yet to be called a crisis ..
Retracement maybe.. Take profit, maybe .. But panic selling definitely not..

What scares me is that there would be an orderly default, one without severe volatility .. a kind where people wouldn't realize that they are severely in the red as they have been slowly bleeding out.. No resistance, no sign of a fight..
Waking up to find that they have no further margin or capital to re enter the market, resulting in a range bound mode for months or years ..

Something must give then.. For years, the Basel III ruling has increase the capital core ratio of banks, building up reserves and dampening the effect of cheap liquidity into the market.. Perhaps, it is time to lower these ratios to shore up liquidity so that institutional investors can enter the market to provide liquidity and purchase inventory on cheap valuations.
But after all is said and done, at the end of the day, it depends on the confidence of the consumers .. No demand would still make this useless. I say reduce the capital core ratio now to enable an artificial support before it is too late.
Stay safe all. Don't argue with the market. If you are wrong, get out.. For your PNL is all that truly matters. It doesn't matter what you think. It never lies.
As for me, Up or down, it doesn't matter.. I'm a speculator... One that sits on no risks overnight save the credit risk of his broker... Impervious to the direction but what the price tells me as long as there is volatility and money to be made..
That being said, time to look at bank valuations and share prices after all these years...

Just loaded another long to my demo account and set older trades to B/E+1... No TP yet - Thanks

or its a normal retrace before (another) LL. *shrug*

avg bull entry 1296.....give em hope..

Got u bitchy

MR Cleaner that's all

if it now goes back to 0911/12, here's the reason 1h to go before close

Market still tries to make the first higher high on 1H.. and keep in mind that there is still no success..

Happy Trades

Rejected and bounced right off the 100MA

Just managed to close the shorts with small ++ by adding another short at 1.1045.

bad entry but later could b very good point all depends on Time and target
Market matrix are amazing no Coincidence at all
want prov "mark 1045" to know why later

Euro Summit just ended...press conferences here shortly. Could see some more fireworks soon

one of 2 best traders i seen on ff

110 will be nice support for the London traders with
this carry on across the wires and and 111 will be
far more likely than 109

anything is possible off course !

It's official, meeting will reconvene on Sunday, when Greece will bring it's new proposals. Hopefully, we'll have a technical market for the next 2 days.

They will not keep quiet till such time. They will make new proposals. An they will announce to public too. ( Especially Traders. )

Scalping London open