Ah yes, but for now we're still happy Europeans thanks to the guiding hand of our wealthy European brethren. We will pay in the long run, as will our children, our children's children, our chil........... you know the story. I agree on the breakup ...

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Thank you for saving the Irish PIIGS. We owe you; maybe we will let you win the football match in Cologne in October.

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I think The Netherlands is on the precipice, both financially & politically. A property bubble has burst, they've had to nationalise a bank (will it be the only one?) & austerity is in. All this has happened here in Ireland too; austerity leads to ...

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Hi, I agree with the bearish bias, though I still have the stop a long way back as FOMC could be the excuse needed for a final clearout of stops over 35 & higher. It's just a possibility (like everything in fx) before what I feel is the inevitable ...

EURUSD Exclusive

Just to add.... with Mark Carney moving from gov BoCa to gov BoE I wouldn't expect they'll have any difficulty agreeing to keep the status quo. Looks like a range that both sides were happy with.

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Exactly mate, only the bullshitting politicians. The rest of us (including the banks imo) know the crisis is now & no amount of posturing can change that. Europe as a whole doesn't have the conditions to back a strong currency right now, though it ...

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EU Long-term. Just in case no one saw this: url That's the Greece money down the swanny, which has to call into question the other bailouts & all the Spain-is-fine posturing. I'm in Ireland & believe me we're just covering a huge hole (through ...

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I wholeheartedly agree with this sentiment. The same goes for all others who post here; thank you for your input.

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It was painful how hard Draghi was trying to get across what he meant at the last press conference. He just kept banging on about how he meant a long long time & he just wished everybody could understand him (stupid journalists!). No doubt the ECB ...

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MACD divergence in both W & M which backs the case for a move lower in the coming weeks or month to give some of the buying of the past 5 weeks back. Certainly think 1.27 before 1.37. IMO, at a macro level fundamentals must be taken into account & I ...

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My 2 cent on EU.... That MACD & CCI divergence on the 4h has come about on huge buying in lower-volume so I'm not sure if it can be trusted as an accurate signal. I agree with many of you that yesterday afternoons huge move was a cleanout & I'm ...

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CCI suggesting a top there now too. Short-term divergence in the uptrend. As much as I'd like to get in on that huge MACD signal, it's no longer overbought so I'll have to take my finger off the trigger.

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Want to take it but not going to unless the divergence is there on CCI too, which it ain't at the minute & it don't look likely now either. Probably being overpicky but it worked out nicely there on the reversal.

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Great thanks for that, it's much appreciated.

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Hi PipTrapper, can I please ask, for you, do you need to see the MACD divergence across 2 separate moves on the histogram? I had another entry at 14:15 (London time) but the divergence was on 2 highs that are part of the same move on the histogram. ...

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I see yes, a joy to watch. Oh well, back to good old m5 divergence again. Possible trade off the top here.

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Thanks milam, was looking for more alright, probably a bad time for what I was after.

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This is going nowhere. Closing at BE. What does anyone think; are the few hours before NY open is a bad time to be entering 5m trades considering that London/ Frankfurt are probably on lunch & liquidity is fairly low? Cheers.

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Cheers guys. Some potential for another entry on EU 5m with CCI/ MACD divergence so I could be adding to that position again anyway.

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Taking 1/2 off the table at this demand zone. Hopefully the remainder will run to the 3200 region. I wish I had the steel to hold with confidence like some of you guys but I feel the need to bank something before hitting supply/ demand.

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