the ZEW & housing from USA will over shadow those data.

Guys I am running out of "short" pants that is brand name EU..... need to go Parkson to buy some.

bought a EU brand short pant from Parkson for only RM46.68. It is summer now!, wear short pant than long ones.

This post has been edited by billytong: Aug 19 2008, 04:18 PM

Print less than expected...that is stopping euro from bleeding now. Now the housing gonna get euro back up to 4700s

I see that as opportunity to sell

I am saving some for housing.

Not quite all the money is on housing now. i probably think a bad housing data will only give the EU some short live bull. I am Still ALL bearish on this pair. Unless the housing is a lot bad than it suppose to be.

but in the past weeks, EU is correlated with oil and gold. So if those 2 drop EU will drop too.

This post has been edited by billytong: Aug 19 2008, 07:36 PM

July is where the OIL @ all time high. It is unlikely it will print lower and as the matter of fact euro dropped on just normal bad housing.

Not quite with the Crude down now. Aug data will be a little diff.

Closed my shorts for +447pips.

This post has been edited by billytong: Aug 19 2008, 08:58 PM

Reshort @ 4673. Time to rest and take a break for today.

Happy Trading.

This post has been edited by billytong: Aug 20 2008, 11:24 PM

Not quite to be surprise to me. The USA had runned half way of the economic depression since last year. The real risk here is europe and the rest of the world major economic country as they are just started.

ECB has room to cut rates but the FED dont. so tell me where the money will go?

I am staying short for EU. It has yet to give a strong break of 4800 or even 4900.

and of cause Crude +9.4M I guess u guys know what it mean.

This post has been edited by billytong: Aug 20 2008, 10:46 PM

Took out 1 short @ 4731 to 4707 Banked 65 Euros or 95 USD.

Took another short down for 202.8 pips profit. Thats ~203 USD.

Well I took @ short @ 4776

There is some rumors saying some big bank in USA gonna fail.

i taken out my 87 short @ 82 for 18.8pips. Keep my 76 on swing Basics. We will see.

Sometimes that drawdown of 500USD turn out to be making ur acc 1500 later on. so in this market we never fully expect to be right all the time.

the moment i open my acc for example 2K USD, I already think/assume I lose 2K USD. So all these while I am like picking up the money from the sea where I throwed away. Emotionless trading is where makes u win.

Short 4776, 4772 out @ 4752. Bank 197 pips today.

Stupid me for releasing the 87 short too early... ahh nvm >_>

Possibly yes some little bump run. But overall major trend is bear

I really dont like to long EU at these levels and Longing EU with the bad europe economy is something very suiciding.

As for the USA problems, it has not come out on how bad it is. It the thing wasnt bad enough u can see the euro go back down. If the USA problem is bad enough the euro will go up but will be very limited probably 1.5000 or at best 1.5300.

I probably taking a holiday today. Friday mah.