EURUSD

http://www.forexfactory.com/showthre...32#post2755932

just threw it out for the scalpers..

No need to re-check. Close proximity. Data feed differ.

ps. Last night's post about Nostradamus was based on this.

The validation/invalidation value for E/U is around 110-120pips, not cast in stone but a very reliable discretionary markers when use with other lagging/confirmatory indis...

I have it going to .3850 before .4050.

also what is the best indicator to get a divergence from that is most reliable. for trades lasting anywhere from a couple min to maybe a day???

True. That's why I only use them as reference points. My entries are over a wide range.

I don't think we will visit 1.4050 again anytime soon.

We could get a bounce short in this area marked by the aqua ellipse.

MK

Bling & FXexpress looks like a bullish divergence too me.

i typically use 14,3,3 stoch but sometimes change it up. i also have bullish div with the 14 stoch though

It can also double up as a intraday anti- whipsaw tool and ISL level...

Could you post your chart so i can look

Almost perfect. That bounce came a little sooner.

Well. I am medium term Monte Carlo trader. Everything else is not for me. I believe in "Double or Nothing". Short-term and precision is for traders, but I am just a gambler. This is an honest statement, no joke. I am tryig to apply gambling technique to trading. So far so good. Future unknown.

Hi Can you please tell me how to get the 100 SMA on my charts?

Can I have the name of the indicator please?

Thanks in advance.

That line I drew was off of 2 short tops. Usually like to have 3 points. We are on the right track, anyway....Right? LOL

MK

Its a moving average 100 Smooth.

MK

bbl later nap time

Euro Falls After Moody’s Downgrades Outlook on Bulgarian Banks


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By Yasuhiko Seki and Ron Harui
http://www.bloomberg.com/apps/data?p...d=iAzo1A2pCpdw

May 26 (Bloomberg) -- The euro fell for the first time in seven days against the dollar after Moody’s Investors Service downgraded its rating outlook for two Bulgarian banks, reviving concern over the health of the European banking system.
The 16-nation currency also weakened versus the yen after Germany’s financial regulator said the debt of the country’s banks will blow up “like a grenade” unless they participate in the government’s bad bank plan, the Telegraph reported, citing an official. The won declined for a second day versus the dollar on concern North Korea will conduct more nuclear tests after the communist state said it successfully held an underground explosion yesterday.
“No country across the globe can maintain a AAA rating,” said Yuichiro Harada, senior vice president of the foreign- exchange division in Tokyo at Mizuho Corporate Bank Ltd., a unit of Japan’s second-largest banking group. “The credit-rating issue will continue to dominate the market and currencies or countries which are targets of speculation may come under pressure.”
The euro dropped to $1.3980 as of 11:52 a.m. in Tokyo, from $1.4017 yesterday in New York. It climbed as high as $1.4051 on May 22, the strongest since Jan. 2. The single currency weakened to 132.43 yen from 132.92 yen. The dollar was at 94.71 yen from 94.83 yen.
The won weakened for a second day versus the dollar, declining 0.8 percent to 1,260.75, according to Seoul Money Brokerage Services Ltd.
Credit Rating
The euro dropped for the first time in four days versus the yen after Moody’s said it placed the financial-strength ratings of DSK Bank AD and First Investment Bank Ltd. on review for possible downgrade due to “the likely deterioration of the Bulgarian operating environment.” DSK Bank is rated D+ and First Investment is ranked at D.
German banks have 200 billion euros ($280 billion) of bad debts, Jochen Sanio, president of Germany’s BaFin said last week after the regulator released its annual report, according to the Telegraph. Write-offs may reach 816 billion euros, twice the total reserves of the country’s financial institutions, the newspaper reported, citing an internal memo at the regulator’s office.
“That report over the German debt situation isn’t helping sentiment toward the euro,” said Adam Carr, a senior economist in Sydney at ICAP Australia Ltd., a part of the world’s largest interbank broker.
Korean Won
The won extended its decline from the highest in seven months against the dollar and South Korea’s benchmark stock index slumped for a fourth day after Yonhap News Agency reported South Korea isn’t ruling out the possibility the North will conduct further nuclear tests.
“This kind of news may trigger a knee-jerk reaction among those short-term players who wanted to buy Asian currencies,” Taisuke Tanaka, managing director and foreign-exchange strategist in Tokyo at Nomura Securities Co., a unit of Japan’s largest securities broker. “But given the fact that most Asian countries enjoy huge current-account surpluses, this type of event won’t change the overall international capital flow.”
The impact on South Korea’s financial markets from North Korea’s nuclear test will be “limited,” Vice Finance Minister Hur Kyung Wook said today, adding the authorities are prepared to act if needed.
To contact the reporters on this story: Yasuhiko Seki in Tokyo at [email protected].

Thank you very much. I'll see if I can find it online. Thanks again.

Go with what works. I never talk about MM because it would make most of the people here have a stroke.

Simply put each month I start with 10K. worst month on record only lasted for 3 trading days. 27 days no trades. The next month more than made up my disaster.

PS: Disaster was playing GBPJPY. That sucker can make some wild moves.