EU - where is it going next?

Quote from contra:

welcome to FX markets.... lol
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On Wednesday they only mentioned a possibility of less enthusiastic printing and markets went mad - everyone and his brother, sister and cousin can't have enough of $
:confused:
 
Quote from Steve:

On Wednesday they only mentioned a possibility of less enthusiastic printing and markets went mad - everyone and his brother, sister and cousin can't have enough of $
:confused:
More...

Yes it seems that this is what has been in play, who will ease back first on the printing between ECB and FED. Euro is in trouble but the German elections are in Sept. Not sure if markets are convinced on the OMT backstop.

I'll just play it as it goes...
 
Quote from contra:

hmm inside day with trapped shorts...
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...and outside day. I call this H pattern and would expect unpredictable price moves afterwards. I don't like guessing and would stay out next week (avoiding NFP on Friday)
 
Quote from Steve:

...and outside day. I call this H pattern and would expect unpredictable price moves afterwards. I don't like guessing and would stay out next week (avoiding NFP on Friday)
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It was a month end Friday. No new lows just yet.

avoiding NFP? suit yourself Steve!

UJ looks like a downer for some pips, thought it might tag 100 first but we'll see.
 
EU took out some stops below and looks like it may be worth it to go for more longs on pullbacks. UJ went a bit higher than anticipated but fell back to where it was.

If I can rant a bit...

I thought it was ok for awhile, but... Windows 8 sucks. I am waiting on recovery disks and the only reason I use it is for music recording software (Cubase) and for some trading apps but that's not as important because I would be fine with Java apps for my trading.

Somehow the bootloader was destroyed from trying to install an app????? and I can't boot up, so in the meantime, I just made a nifty little Linux install on a thumb drive from a netbook I had sitting around and I am highly impressed how fast its running from this thumb drive on my desktop... real nice. I would like to see Google take Chrome OS to a nice place in the future.

Those in the US, have a happy safe 4th.
 
alright... bad call b4... I know.

thinking we see a reversal bar Monday. fuck goldman sachs' fed call and screw S&P's revised Portugal outlook. lol

maybe some profit taking under 2800 is in order?
 
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