EURUSD....Euro

[IFocus]

1800 secs...

Cheers
............Kauri

Thanks Kauri

 

[Kauri]

a bit of a ledge developing... and methinks I might have spotted a Hiatus Hernia pattern popping up ...
everyone is probably set now and waiting for Trickies talk...

Cheers
..........Kauri

 

[Kauri]

a bit of a ledge developing... and methinks I might have spotted a Hiatus Hernia pattern popping up ...
everyone is probably set now and waiting for Trickies talk...

Cheers
..........Kauri

in on the Hiatus Hernia... a bit early for Trickie butt...
possibly a bit of volatility prior to the press talk..

Cheers
............Kauri

 

[Wealth Wizard]

Still short? think it will break double bottom?

 

[BentRod]

Still short?

Yeah from 155ish .:

think it will break double bottom?

The odds favour it breaking that's all I know.

 

[Wealth Wizard]

hopefully the retrace will settle at 61.8 and we can get on with it!

 

[Kauri]

hopefully the retrace will settle at 61.8 and we can get on with it!

all hinges on Trickie at 1230... he will probably pull his head out of the sand and talk the Euro up... also...

Greece looks like it is taking a play out of the Irish textbook, with its Finance Minister offering a blanket guarantee to depositors. Raising the insurance on deposits from Eur20k to Eur30k was already being talked about, but this latest move will apparently cover any deposit regardless of size. While this should theoretically calm strains within the Greek banking system, it raises a number of thorny longer term questions just as in the case of the Irish scheme.
The two biggies start with the European Commission"s competition committee, which shouldn"t like arbitrary decisions by member states to fully back all deposits at national banks but exclude foreign banks which are still operating within the EU (non-Greek and non-Irish banks suffering without
the unlimited backing of government lines etc).
Then there is the question of what would happen if public funds are actually needed down the road; presumably that will balloon national deficits, which would threaten participation under the Maastricht Treaty. At the least, what Greece spur of the moment decision does is to up the odds of some type of Europe-wide bank bailout plan as speculated for discussion this weekend. But it also raises questions over the future of the Euro itself, and spreads between government funding and bank funding within selected countries.


Federal Reserve officials are weighing further interest rate cuts, even if Congress passes the TARP, in the face of a deteriorating economic outlook and severely strained financial conditions, according to the WSJ. The next scheduled FOMC meeting is on October 28/29.

Senate Majority Leader Harry Reid on the ABC News website headlines "Reid: Another Insurance Co. on Verge of Falling".


Cheers
............Kauri

 

[BentRod]

all hinges on Trickie at 1230

Should be able to see live video when it starts @ :


http://www.ecb.int/home/html/index.en.html

 

[Wealth Wizard]

there we go

 

[Kauri]

if she can hold below 3850 then 1.35 is quite possible

Trickies press conference comment that "upside inflation risks have diminished" and the ECB President also said most recent data clearly confirms weakening in economy did the trick... for now..

Cheers
...........Kauri

 

[BentRod]

Cable getting hit too.

 

[Kauri]

and I'm out.. feel that the market has over-reacted to what was basically already priced in...

may be back in later if I've got it wrong... but now time to hit the scratcher..

Cheers
...........Kauri

 

[BentRod]

Nice mate.

Bring on the scratcher

 

[Wealth Wizard]

Im also short CHFJPY from 90, out of EURUSD for 65 pips R:R 1.96, if resistance holds might be in again short

 

[Wealth Wizard]

back in

 

[BentRod]

Good luck.

Regarding the gap....I don't have that on my Charts.
Do you Budgie Man?

 

[BentRod]

Sorry...yes I have a gap on the 5 minute chart.

 

[Wealth Wizard]

stoped out, BAH, trigger happy I use 5min for trigger to get better R:R, still bullish but will step aside for now, hows everyone else feel on the depth of the retracement?

 

[Wealth Wizard]

"still bullish but will step aside for now" bearish that is

 

[Wealth Wizard]

got SL & TP set, off to slumber land