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plan-b replied Apr 29, 2009QE-quantitative easing involves increasing the size of the Federal Reserve’s balance sheet by purchasing agency mortgage-backed securities. The dollar will crush if the fed announces more QE measures..
EURUSD
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plan-b replied Apr 29, 2009I am short with SL at 1.3310 Key level to watch is 1.33 If the fed increase QE the price will go much higher but until then we are smack in the middle of a "buy the rumor,sell the news" situation.
EURUSD
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plan-b replied Apr 28, 2009the decline from 1.60 is contained by a very strong falling trendline. along the way there have been corrections but the major trend is down. only strongly above 1.33 would be cause for a re-evaluation. the trend is your friend-sell rallies! in ...
EURUSD
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plan-b replied Apr 28, 2009If im wrong il blame it on the flu but i highly doubt we will see those levels again this year...
EURUSD
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plan-b replied Apr 24, 2009i have a pending short entry at 1.3370 with a 100 pip stop , otherwise i will remain on the sidelines until we are firmly below 1.32
EURUSD
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plan-b replied Apr 24, 20091.3272,1.3318,1.3392,1.3420 but i dont think we will go that far..
EURUSD
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plan-b replied Apr 24, 2009lets not get carried away.. a piece of good news from germany does not change the recession. fib holding at 1.3272..above 1.34 highly unlikely looking in from the sidelines.
EURUSD
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plan-b replied Apr 24, 2009closed my short position..standing aside until us session or next week uk gdp -4.1% and the german's claim they are out of the woods????
EURUSD
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plan-b replied Apr 24, 2009GDP -4.1% vs -3.8%E biggest contraction since Q3 of 1979
Auslanco - GBP/JPY and GBP/USD (newstrade)
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plan-b replied Apr 24, 2009stop a bit tight but otherwise this could be a very big trade if you let it breath

EURUSD
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plan-b replied Apr 24, 2009it has just touched 1.3197 and turned.. that could be the furthest it goes before going back below 1.29 i have added to my short
EURUSD
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plan-b replied Apr 24, 2009chart resistance coupled with the barrage of news events on today's calendar could turn that around in a minute nikkei has closed -1.6%
EURUSD
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plan-b replied Apr 24, 20091.3140 was a big fib level 1.3199 is next major resistance..i highly doubt we will go past that one. I actually think its a good place to sell
EURUSD
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plan-b replied Apr 24, 2009once 50 fib was taken 3200 was exposed but if using jackos method you will still be in the trade even if we see 3200. it can also serve as an opportunity to add your shorts. if 100 sl is hit you put AH at the same spot and wait but i doubt it will ...
Jacko's Forex House of Pleasure and Pain
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plan-b replied Apr 23, 2009i think 1.3140 then down before coming up again to kiss line at 1.33-34 then below 1.25
EURUSD
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plan-b replied Apr 23, 2009sound like you pulled a trigger prematurely

Auslanco - GBP/JPY and GBP/USD (newstrade)