blackgucci:

If yesterdays high doesnt break at the end of today then u can have your short.

Totally agree with you but i also think general sentiment on EU
favours the downtrend

No doubt, which ever way Eu is warming up for a big move,

Lets wait and see

odiaero:

I was not refering to u but to blackgucci, am telling him to think twice of his buying opinion

Okies.U know say my 1,000,000 lot is at stake here
so i gotta come at any body who no wan my EU to drop

EU dropping baby

O la la la joyful joyful,

Me sef just sold 200,000 lot on EU for 200 pips

honeric01:

O la la la joyful joyful,

Me sef just sold 200,000 lot on EU for 200 pips

Anyways my EU is paying off big time

Eu Eu Eu,

JAZES:


Anyways my EU is paying off big time

Me sef wan show, daddy showkry

Tomorrow i go buy PDP/ACN 400,000 lot with 800TP and 20 SL

yesman:

I came across a free monthly demo contest 3 months ago organized by a Swiss Bank while surfing the net. I registered and received a demo account which I have been trading. I was a bit skeptical at first but I noticed a dramatic improvement in my trades and a real possibility in winning a cash prize down the line as there are not many strong players at the moment. The contest is just 6months old.

I'm bringing this to the attention of newbie Forex traders or anyone looking for a risk-free environment to practice and finetune strategies with a possibility of making some money. I'd like to re-iterate that you are not required to pay any money or fees as it is a demo contest with virtual money. Registration is simple and fast requiring only your email address and a unique nickname.

More experienced  traders could also use this as an opportunity to refine their strategy or flex their trading muscles amongst other traders and win some cash.

For more info, here's  the link  http://www.dukascopy.com/tradercontest/?action=blog&trader=Tinktank

Just want to inform the house that I'm current ranked 6th in the contest ( only the top 10 are awarded cash prizes).

See for yourself  http://www.dukascopy.com/tradercontest/?action=blog&trader=Tinktank

honeric01:

O la la la joyful joyful,

Me sef just sold 200,000 lot on EU for 200 pips

odiaero:

So you're still 40pips backward or you cleared it already?

odiaero:

So what you're saying in essence is that, i should

Dollar Strengthens as Fed Refrains From More Stimulus

The Fed is inclined to stay the course, ending Q2 at the end of the month and reinvesting expiring securities, according to the FOMC statement and press conference. The economic assessment was downgraded and there was no hint at QE3, leading to risk aversion and a dollar rally. Look to the HSBC China PMI to help set the tone in Asia-Pacific trading.

In the hours leading up to the FOMC decision, jittery markets built in a concession for the possibility of further Fed stimulus. PIMCOs Bill Gross spurred the trade with a tweet that said QE3 could be unveiled at Jackson Hole in August. The market moves gave us a sneak preview of what QE3 might look like; gold surged, stocks gained and the dollar was weak, especially against risk currencies. When the statement failed to offer any hint at QE3, the moves unwound. Further moves (risk aversion) were a result of the Fed downgraded its economic assessment. Some downgrade was expected but there was also the possibility of the Fed presenting some optimism. The S&P 500 closed at the days low down 0.65% to 1287 in the first decline after four days of gains.

We see a compelling case to be made for longer-term USD/JPY shorts. In the coming months the market will pressure the Fed to embark on QE3 by unloading stocks. If the Fed holds its ground, the dollar will gain broadly on risk aversion but lose ground against JPY and CHF. If/when the Fed bows to the pressure, a dollar rout will commence. AUD and NZD will be the biggest winners but JPY and CHF will also benefit. We prefer using JPY over CHF here because a large portion of CHF inflows have been due to investors seeking a safe haven from the crisis in Greece.

An early look at CHINESE INDUSTRIAL PRODUCTION comes with the June HSBC MANUFACTURING PMI. This indicator has gained increasing clout in the past year. A soft reading here could collide with the negative post-FOMC sentiment to drive an ugly risk off trade on Thursday. The May level of 51.6 was a 10-month low; there is no consensus estimate but we suspect the market is priced for a slight improvement to around 51.9.

Are we there yet? Just woke up with green pips from Eurocad telling me good morning Sir, how was ur nite Sir?

I just disvirgin this bandnew Account, wellcome to odiaero-go-trade-world

Are we there yet?

Holalalalala


I am glad my patience paid, i stalked GU and EU from 1.6260 and 1.4420 till they started crumbling down, now i can decide to either follow till the end or just take profits and watch for retracements.

GJ too was not left out, nor Uchef.

I also took a snipe at Ausd

honeric01:

Holalalalala


I am glad my patience paid, i stalked GU and EU from 1.6260 and 1.4420 till they started crumbling down, now i can decide to either follow till the end or just take profits and watch for retracements.

GJ too was not left out, nor Uchef.

I also took a snipe at Ausd

Patience always pay off man.I still dey inside my EU

Greek cabinet passes austerity budget, Euro awaits flash PMI data after disappointing Chinese PMI, US dollar firms up after FOMC and Sterling pressured near key supports as rate rise expectations recede.

For once markets could well be dominated by factors other then Greece over the next couple of days after the Greek cabinet yesterday passed the new austerity budget in preparation for putting before parliament next Tuesday.

Overnight we saw that Chinese HSBC flash PMI slid back coming in at 50.1, still in expansion territory, but down from Mays 51.1, raising fears of slowing growth in one of the biggest drivers of emerging market demand and growth in the global economy. In Europe this morning we should see if flash June PMI data in Germany and the Euro zone is also showing similar signs of stress, with expectations of a slow down in both manufacturing and services in both regions, with reductions across the board from the May figures. German manufacturing PMI, traditionally one of the more robust measures is expected to slip back to 57, from 57.7, while the euro zone equivalent is expected to slide from 54.6 to 53.8.

Fed Chairman Bernanke expressed concerns about the slow down in the US economy with the Fed following in the footsteps of the IMF earlier this month and downgrading its growth forecasts from a range of 3.1-3.3% to 2.75%-2.9%. The Fed also upgraded its core PCE inflation forecast from 1.3%-1.6% to 1.5%-1.8% and making the likelihood of the possibility of further stimulus measures of QE3 less likely in the short term. The Fed did say that it would keep the stimulus at current levels while it kept a watching brief over the economy with Fridays final revision of Q1 GDP a key indicator.

GBP remains on the downfoot over the past 24 hours as it nears a number of key supports against the US dollar. The unexpectedly dovish minutes really shouldnt have come as too much of a surprise, given Andrew Sentences recent departure, however Fishers comments earlier this week might be warranted if downside risks materialised spooked the markets and pushed out estimates of the next rise in interest rates into next year.

US jobless claims are due out later this afternoon and will have particular resonance given the Feds action last night in pushing up its unemployment rate estimate from 8.4% to 8.6% to 8.6% to 8.9%.

^^^^^

Bro, no be small thing oh, i need my 300 pips at least for EU if possible.

honeric01:

^^^^^

Bro, no be small thing oh, i need my 300 pips at least for EU if possible.

Morning sir, shey na 2day e go happen?

Na wa, EU na cash cow right now . Me likey, really really likey. If we see a close below 14200 on the hourly chart, then na freefall to 14000 be that. Enjoy the ride folks.

naijababe:

Na wa, EU na cash cow right now . Me likey, really really likey. If we see a close below 14200 on the hourly chart, then na freefall to 14000 be that. Enjoy the ride folks.

I have been milking since morning, am even tired of milking

odiaero:

I have been milking since morning, am even tired of milking

Tired of milking ? Abeg speak for yourself o, me I am not tired, this is payback for two weeks ago when all the market did was choppiness.

Looking for an opportunity to go long
on GU soon