It looks like market breathe on back of drowning Euro.
Dow falls, but gold falls as well.
I suppose DOW will rise sometime tomorrow, as to GU and EU I think at least one more day of falls is good for them.
EU is definite pick of a day for tomorrow.
Monday 21 June 2010
2010-06-21 16:55 GMT +1
I didn't find anything tradable.
I have general concept of what is and what may be going on, however this is one of those times, when one would rather stay away and in spite of general knowledge where market is heading wait for perfect setup.
I have general concept of what is and what may be going on, however this is one of those times, when one would rather stay away and in spite of general knowledge where market is heading wait for perfect setup.
2010-06-21 11:20 GMT +1
quite massive pinbar on GU and double top sort of pin on EU. I think I will wait for some bigger pullback until I will enter. there is 00 area on EU that may play some role, so maybe pullback to 1.2430 will work fine for me...
2010-06-21 8:45 GMT +1
I opened one long EU trade already, however closed as I was not convinced enough as to its future.
In general I would be much more convinced to trade XXXUSD short, but yet no appropriate signal showed up.
To sum up EU EJ and AU look like long setups to me, but only EU was somehow interesting as a trading pair, yet I closed this as well for few bucks loss.
In general I would be much more convinced to trade XXXUSD short, but yet no appropriate signal showed up.
To sum up EU EJ and AU look like long setups to me, but only EU was somehow interesting as a trading pair, yet I closed this as well for few bucks loss.
weekly wrap-up
Today evening charts and started to think that it may be very right to expect euro to fall in longer run.
In general I am euro-hater in a long term [I think it's not going to stay for 80 years]
however in particular in my opinion there is nothing that important happening in Europe that would be reason strong enough to hammer eur down.
In other hand traders are not reasonable group of people and nowadays everyone would get calmer if this touchy world economic situation got resolved whatever the result. In other words it would much easier to be able to point the guilty one [like europe] than sit and have no clue what is going to happen.
Euro situation is like russian roulette, untill bullet shot, everyones' nerves on edge.
Anyway I think european socialist bankers deserve it. ;)
This week key is whether euro will work it's way above recession low [finished slightly above it on EU and EJ] if not - i see deep plunge ahead.
From daily point of view
GU shows some signs of regains, but at the moment it's in a key area of support, this may correct it's rises this week.
Will see tommorow London open.
In general I am euro-hater in a long term [I think it's not going to stay for 80 years]
however in particular in my opinion there is nothing that important happening in Europe that would be reason strong enough to hammer eur down.
In other hand traders are not reasonable group of people and nowadays everyone would get calmer if this touchy world economic situation got resolved whatever the result. In other words it would much easier to be able to point the guilty one [like europe] than sit and have no clue what is going to happen.
Euro situation is like russian roulette, untill bullet shot, everyones' nerves on edge.
Anyway I think european socialist bankers deserve it. ;)
This week key is whether euro will work it's way above recession low [finished slightly above it on EU and EJ] if not - i see deep plunge ahead.
From daily point of view
GU shows some signs of regains, but at the moment it's in a key area of support, this may correct it's rises this week.
Will see tommorow London open.
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