EURUSD

The USA has every State in deficit and a NEW congress. They cannot keep printing money. Bill Gross called it a Ponzi Scheme. The 600 Billion of New US Dollars.

They have to lay off many workers in every USA State. Their is the DEBT ceiling that needs to be raised however CUTS will have to be agreed to.

The last NFP number was awful at 103,000 and it will get worse.

The USA Banks are in big trouble as soon as they need to follow NEW FASB rules followed around the world.

Other nations such as China are buying some Oil in other currencies.

Gold is going OVER $1500 this year as more money is printed. Food costs are going up because of the US Dollar being printed out of thin air. USA is more of a currency manipulator than China.

Watch events in the USA this week between China and USA.

Feedback and comments are welcome.

Yup, it crossed my mind too. Will see. I don't have any trade running so I can sleep well and just wait for what happen.
Cheers

All fiat currencies are pozi schemes, and as a general rule the biggest pozi scheme is the one that lasts the longest due to inherent ability to show vitality until its too late. My personal analogy to FX trading is like standing on drifting icebergs that are all headed south and melting. The goal is jump from one to other before the one you stand on capsizes and eventually melts. Guess what, USD is the biggest one and most stable.

http://www.financialsense.com/contri...g-unemployment

Snippet:

To be fair, I most certainly ignored the fact that Yellen believes all we need to do is "prime the pump" and the economy skyrockets onward. Then again, it appears that $2.3 trillion did not do much pump priming judging from the pathetic performance so far. How much pump priming does it take?
The correct answer is pump priming does not work at all, but let's ignore that little factoid as well.
Marching on, it's fair to point out there is a significant risk of an economic relapse for numerous reasons including a tax hikes by states, layoffs and cutbacks at the city and state level, an implosion in Europe, a slowdown in China, a slowdown in consumer spending.
But hey, let's ignore those risks too, while we continue to "model away". Here is a summary of what will happen based on projections of Yellen's model.
Modeling The Model

 

1. The Fed created 3.5 million jobs.
2. The Fed bloated it's balance sheet by $2.3 trillion to do so.
3. It takes $657,142.86 in balance sheet additions to create a single job.
4. It takes the same $2.3 trillion to lower the unemployment rate .5%
5. The Fed's balance sheet will reach $18.4 trillion by the time the unemployment rate drops to 5.9%
6. It will take another 3.5 years to get to a "full employment" situation with an unemployment rate of 5.9%.

Don't blame me, I'm just modeling Yellen's model.

Issues 2011:

The unfolding historic Bubble backdrop is the overarching Issue for 2011. This is a “Bubble year.” Yes, the prognosis has remained the same since I wrote “Issues 2010.” There are, however, important distinctions, developments and evolutions from a year ago.

A 12-month period of robust Bubble Dynamics has elevated systemic risks – risks at home and risks to global financial and economic systems. A major worldwide inflation has impacted risk assets generally – if not evenly. One additional year of aggressive policymaking has further distorted market perceptions – in particular how markets perceive liquidity and Credit risks. “Exit strategies” lost their credibility last year, while those acting on faith in the global central banking liquidity “backstop bid” have been rewarded – and emboldened.

To be sure, the dramatic rise in bullish optimism has engendered susceptibility to disappointment – and perhaps even disillusionment. Yet Bubbles do have that perverse way of persevering long enough to ensure that virtually everyone has had the opportunity to climb aboard.

Having survived the Greek crisis and contagion scare, the global government finance Bubble soldiered right through 2010. This allowed – the markets accommodated – another year of our federal and municipal governments adding significantly to their debt loads. It was one more year where the maladjusted U.S. economy ran a Current Account Deficit approaching $500bn. It was a year where the Fed’s bloated balance sheet added another $200bn, while global central bank international reserve holdings expanded an unfathomable $1.6 TN.

The past year saw another $500 billion flee the U.S. money fund complex in search of higher yields. Tens of billions flooded into perceived low-risk bond and muni funds, while tens of billions more headed overseas. Meanwhile, money flowed into the hedge fund community, where assets and leverage are said to now approach pre-crisis levels. All of this amplifies systemic risk.
Stock market risk has grown steadily over the past year. Capping an extraordinary two-year period, the broader market again dramatically outperformed the S&P500. Especially during 2010’s fourth quarter, a highly speculative market turned dangerously speculative. Many of the more suspect stocks continue their period of outperformance. And, despite the overhang of serious economic issues, the broader U.S. stock market now approaches record levels (S&P400 Mid Cap index at new record high).

The market commences 2011 with many of the market’s favored stocks/sectors at wildly bullish levels of valuation and expectations. Overall market sentiment has moved to extreme bullishness. In Bubble Dynamic fashion, equity fund flows have turned strongly positive subsequent to a historic market rally. Equities today are winning by default within a backdrop of near-zero short rates, rising bond yields and municipal bond angst. Throughout the marketplace, prices have become increasingly detached from underlying fundamentals.

Rising global yields is a key Issue 2011. Fixation on deflation risk has given way to the reality that the world faces significant inflation, Credit and, inevitably, liquidity risks. Mounting inflationary pressures were given a major push when the Fed back peddled from an “exit strategy” and moved forward with “QE2”. Subsequent to the initial euphoria, markets now appreciate the heightened risks associated with additional quantitative easing. And as global yields move higher – and deficits mount - risk premiums must adjust further in order to discount the possibility of destabilizing market revulsion to any number of profligate borrowers. It is a major Issue 2011 that central bankers at home and abroad may confront tough decisions as to whether to implement additional market liquidity support into a backdrop of rising long-term bond yields and waning market confidence.

In the case of Europe, market “success” in disciplining politicians has initiated the problematic downside of the Credit cycle. The transition to “austerity” and policy restraint is, as it always has been, challenging, painful and destabilizing. Economic and social upheaval is not conducive to market confidence. Yet, at the same time, fiscal prudence and economic adjustment are fundamental to a more stable economic future. It’s not pretty, but at least Europe has commenced the process.

In the case of the U.S., the markets’ accommodation of fiscal and monetary profligacy creates some short-term benefits along with major intermediate-term risks. Somewhat amazingly, our policymakers still enjoy great flexibility to inflate government/system Credit. This, for now, supports bullish fundamental prospects. The $4.0 TN increase in federal government liabilities over the past 27 months has inflated incomes, corporate revenues and securities markets, while stabilizing real estate prices. At this dangerous stage of the Credit Bubble, so-called economic “fundamentals” will tend to support bullish optimism and elevated stock prices. Strong corporate earnings and accelerating GDP growth will be viewed as confirmation of the bullish thesis, while they are in reality consequences of the unprecedented expansion of governmental control over the Credit system and economy.

It is a major Issue 2011 that U.S. federal government debt will for the third straight year account for all – or at least the vast majority – of total system Credit creation. I would argue (confidently) that this dynamic is dysfunctional. U.S. government debt is being mispriced, over-issued, and misdirected – ensuring only deeper economic maladjustment and financial vulnerability. Tough decisions and tough economic adjustments are only being postponed.

It is a fundamental issue that total system Credit creation is originating from chiefly non-productive marketable debt of the – not especially efficient or productive – governmental sector. It is an Issue 2011 that our recovery is entirely dependent upon a favorable global macro and market backdrop necessary to ensure the ongoing massive issuance of increasingly Credit-challenged U.S. government debt obligations.

It is the (“moneyness”) nature of government obligations that they enjoy special treatment in the marketplace: confidence tends to be sustained during longer periods of over-issuance than for private-sector Credit instruments. And whether it is Greece, Portugal or the United States, fundamentals may very well appear encouraging so long as the marketplace accommodates uninterrupted borrowing excess. But, make no mistake, underlying Minskian “Ponzi Finance” dynamics ensure a problematic day of reckoning when the market inevitably cools to the debt explosion. Importantly, the longer the markets accommodate a government Ponzi debt scheme the greater the inevitable dislocation – the greater the tumult when the financial and economic systems are forced to operate with reduced government debt expansion. The costs associated with a crisis of confidence in government debt – the foundation of contemporary “money” systems – are enormous.

For 2011, the bulls take comfort that, in spite of all the talk and elections and such, Washington has no intention of adjusting its borrowing and spending habits. At the same time, it is becoming increasingly challenging for the marketplace to disregard a troubling debt growth trajectory. Two years ago the bulls could argue that U.S. government debt ratios were ok and that massive borrowing was a short-term phenomenon. Neither has credibility today.

The possibility for a surprising jump in Treasury bond yields is a major Issue 2011. On the one hand, Treasury is not interest-rate sensitive; the marketplace doesn’t have to fear much of an issuance impact from a moderate rise in borrowing costs. On the other hand, this dynamic would imply that yields are poised to surprise on the upside when the markets eventually force borrowing restraint. It doesn’t take a wild imagination to envisage a market problem leading to an economic problem, to additional “TARP,” more bailouts and a jump in borrowing costs – all combining for a dramatic deterioration in our nation’s debt position.

That borrowing restraint is being imposed upon U.S. muni finance is a major Issue 2011. The year has commenced with municipal bond yields adding to Q4’s surprising jump. Today, state and local finance is our Credit system’s weak link. What began in (“subprime”) Greece has made its way to Illinois, California, New York, New Jersey, Florida and elsewhere. Throughout the country, governments will now be forced into the messy proposition of getting their books in order. After ignoring this issue for too long, a global marketplace keen to structural debt issues has commenced the disciplining process.

The dilemma now facing U.S. muni finance has been significantly compounded by policymaking and market dynamics. For two years, loose fiscal and monetary policies allowed governments of all dimensions to paper over structural problems. Washington largess postponed needed austerity measures, while zero rates incited a stampede into seemingly attractive state and local debt instruments. The proliferation of Build America bonds and ETF products, in particular, were critical for enticing atypically large speculative flows into the sector.

Now, with the Bubble having burst, municipal borrowers confront the challenge of large borrowing needs in the face of steady financial flows exiting the sector. Moreover, this poor liquidity backdrop could be further compounded by bearish speculative bets against muni bonds. There is a real downside to the proliferation of seemingly liquid instruments that allow participation in the upside of a sector: they foment acute risk of illiquidity and dislocation to any unexpected reversal fortune.

2010 witnessed the “flash crash.” This is potentially a huge Issue for 2011. Throughout the markets, there has been a proliferation of instruments – especially exchanged-traded funds – that seemingly offer liquid ways of speculating on a vast array of risk assets and market outcomes. Many players have been drawn to these products because they offer a much more attractive liquidity profile than what is available for the underlying stocks, debt instruments, or commodities. Others have taken a more aggressive stance when playing a particular sector or theme specifically because of the capability of rapidly hedging various risks in the liquid ETF and derivatives marketplaces. And I would expect that many of the more sophisticated players have one eye on the exit – and both eyes on what instruments they might use to protect themselves – when they see the Bubble beginning to burst.

The explosion of trading in these instruments has significantly altered risk perceptions and risk taking. Especially because of today’s Bubble backdrop, I believe risk to any number of market liquidity issues has created major systemic vulnerabilities. The concept of “portfolio insurance” has evolved mightily since 1987.

2011 is extraordinary for the degree and variety of risks that confront market participants when compared to the extent speculation and bullishness has become ingrained throughout the marketplace. The ongoing evolution of the European debt crisis creates great uncertainty. There are big unknowns when it comes to issues surrounding the mounting inflationary pressures throughout China and “developing” Asia. The year begins with “developing” economy Credit systems in overdrive, fueled by loose Credit, robust inflationary forces and unrelenting “hot money” inflows. Such Monetary Instability foments myriad market, economic and policy risks.

In particular, China faces very challenging Bubble dynamics. The Credit and inflation backdrop beckons for “slamming on the brakes” – or at least tapping them. There will be none of that. Following in the footsteps of others, Chinese authorities failed to act with sufficient force to quash Bubble and inflationary forces early enough in the cycle. Bubble risks have grown exponentially, and I would expect policymakers to continue to tread softly. The Chinese juggernaut Credit system and economy has become a force to be reckoned with.

If, as I have to presume at this point, the Chinese Credit Bubble is sustained through 2011, Asian economies will become an even greater glutton of global resources and commodities. Policymakers are grappling these days with how to contain the inflationary effects of massive “hot money” inflows and an increasingly complex Credit backdrop that goes way beyond monitoring bank lending and setting loan quotas. And while focus on consumer and real estate inflation garners the most media attention, the Chinese plan to continue stimulating consumption and lower-end housing construction.

China's policy endeavors – is poised to walk the highwire - to manage inflation, while boosting incomes for the hundreds of millions of lower-end and rural workers that have lost major headway against the urban and rising middle and upper classes. To say the Chinese face an extremely challenging task in controlling a runaway Credit Bubble and historic economic transformation is an understatement.

Here at home, policymaking has turned simple: run massive deficits, keep rates at zero, and have the Fed monetize debt until the private sector can be trusted to do the heavy lifting. Well, don’t hold your breath. So, for Issues 2011, we can assume the Fed stands pat on rates. And while they have little credibility, both Congress and the Fed are talking tough against bailing out troubled states. Whether they can stick to this rhetoric is an Issue 2011. The dollar continues to benefit from the capacity of our policymakers to inflate Credit, a dynamic that will compound our dilemma when the markets turn their sights on disciplining Washington.

I’ll posit that each year of massive government marketable debt issuance reduces the likelihood that central bankers will be able to exit their market liquidity backstop operations. History has shown how systems become precariously addicted to inflationary measures and market interventions. The Fed’s balance sheet will only move in one direction. And when push comes to shove, they may be forced to buy municipal debt or monetize more Treasurys to help finance bailouts. For now, the most important Issue 2011 is that serious structural deficiencies ensure that the Federal Reserve errs on the side of liquidity creation. This would seem to ensure a year of even greater Monetary Disorder, with the risk of heightened instability throughout global fixed-income, currency, commodities and equities markets.


LINK:

http://www.prudentbear.com/index.php...w?art_id=10492

Don't know how much is true of what you have written, but admit that all my trading is based on what you just illustrated - this makes trading simple, stressfree and reasonably profitable - what else a person needs to be happy?

Robert, You are 100% correct, in that you have a right to your opinion. I can appreciate that though you are relatively new to the FF you may have been an unregistered lurker like so many others who show up as visitors in the Traders Viewing thread.

Your opinion seems weakly based on a relatively short period of time, and perhaps in a time when I wasn't wearing my Sunday Church clothes in attempts to make a better first impression...For this, I will make no apologies.

The impression that you have gained is that I a feed my ego on the weakness of others.

Your belief that I have a poor attitude towards others is based on a single setting with Tonyo...a snapshot of time and a few coarsely chosen words in the exchange, right up to a Private Message from Tonyo in a sad attempted, "Meet me by the Bike Racks After School", which you were not privy to...

No matter. Perhaps, my attitude towards others is greater than you would think and expect, but that I just don't have a relative fondness for Tonyo. Maybe, my respect for a lot of others keeps me on watch to protect them from poor trade calls and try to educate them on market...Hrmmm...Though the actions are the same, the intent and your perception are not. Snap Shot.

Not that it really matters, but how does my ego even come into play? Where in the conversation you were witness, was I comparing myself or exposing my ego? A challenge? That's it? This was nothing more then an opportunity for Tonyo to show how much better he is. Give him right to spout what he wants. A trophy of sorts. We can all say what we want, but I was willing to let the numbers, win, lose or draw, speak for themselves. This my friend, not much by way of ego...

Refusal to have an open mind...
Well sir, I am confused over this point. Perhaps you can explain how taking counter trend trades with Gross MM and zero comprehension of movement that would lead to a track record of excessive loss is a good thing...I have stated time and time again, that I have the ability to swing trade, but prefer to take several trades to make up for the difference on movements to help ensure gains regularly and on a consistent level.

Did I know that the Entire Short week of prior would be completely bought up this last week? Hell no, but unlike so many others, and some of them being like Tonyo, rather than guess the tops for counter-sales, I was trading the trend to points of resistance. Now, if this is your opinion of a refusal to have an open mind, well, I am guilty as charged.

Really, the bottom line is the bottom line and in a thread based on interactive trading, we all have the right to trade how we see fit. But given the visitors count here, doesn't trying to be the voice of reason make more sense then the soap box call kings of the house?

Now there is one thing you have been forgetting, maybe a feature you are unaware of, called the ignore feature. You can selectively eliminate my words from your viewing pleasure here in the EU thread and for all of any other posts on FF with a mouse click.

If you have purposely not done this already, then I guess you are well within your right to have your opinion, but that doesn't mean that anybody wants to read it.

I really like the French Fries at McDonalds, but their burgers leave a lot to be desired. Sometimes there is a sacrifice for preference. Sometimes you have to take the good with the bad.

Good day Sir...
Enjoy the balance of your weekend.

Very interesting. Bravo. I see 3. week (15.nov) also in minus but never mind. Very clever observation .

p.s. I'm allready in sell...

hi all
i like to post this in the weekend

Read with me or its up to u

Forget the news, remember the chart. You’re not smart enough to know how news will affect price. The chart already knows the news is coming.
Buy the first pullback from a new high. Sell the first pullback from a new low. There’s always a crowd that missed the first boat.
Buy at support, sell at resistance. Everyone sees the same thing and they’re all just waiting to jump in the pool.
Short rallies not sell-offs. When markets drop, shorts finally turn a profit and get ready to cover.
Don’t buy up into a major moving average or sell down into one. See #3.
Don’t chase momentum if you can’t find the exit. Assume the market will reverse the minute you get in. If it’s a long way to the door, you’re in big trouble.
Exhaustion gaps get filled. Breakaway and continuation gaps don’t. The old traders’ wisdom is a lie. Trade in the direction of gap support whenever you can.
Trends test the point of least support/resistance. Enter here even if it hurts.
Trade with the TICK not against it. Don’t be a hero. Go with the money flow.
If you have to look, it isn’t there. Forget your college degree, trust the money flow.
Sell the second high, buy the second low. After sharp pullbacks, the first test of any high or low always runs into resistance. Look for the break on the third or fourth try.
The trend is your friend in the last hour. As volume cranks up at 3:00PM don’t expect anyone to change the channel.
Avoid buying at the open except when the Market falls before the open. They see YOU coming sucker.
1-2-3-Drop-Up. Look for downtrends to reverse after a top, two lower highs and a double bottom.
Bulls live above the 200 day, bears live below. Sellers eat up rallies below this key moving average line and buyers come to the rescue above it.
Price has memory. What did price do the last time it hit a certain level? Chances are it will do it again.
Big volumes kill moves. Climax blow-offs take both buyers and sellers out of the market and lead to sideways action.
Trends never turn on a dime. Reversals build slowly. The first sharp dip always finds buyers and the first sharp rise always finds sellers.
Bottoms take longer to form than tops. Greed acts more quickly than fear and causes stocks to drop from their own weight.
Beat the crowd in and out the door. You have to take their money before they take yours, period.

keep it coming Kill

Dear Sir Magix

It is clear you have skills and knowledge. My opinion was formed without having all the facts. I have not walked in your shoes here.

Your answer makes my point of the post and respects your reply 100%.

Since I am not here to judge you or your behaviour nor is it my duty to tell others how to trade or protect them I am only here trying to grow and improve my trading results.

You have by your reply shown exactly how to behave in order to interact with others here. Now if my post to you had been personal in an insulting way the odds are that your reply might have had a different tone. My comment about Hda was made to make a point about your approach to him at least in the beginning of your interaction to his posts.

When someone is asked to prove they are real or whether his 12 screens exist not that I suggest that it was you that did that it almost always leads to a heated conflict.

I am sure from the technical side you can be helpful to my trading and so I pose a question again that was not answered in my first few posts because it was invisible and by the time it was not it did not get answered.

On a 5 minute or 15 minute or any other time frame does the Candlestick stat open until the time period is over. I have been trading for many years and with success yet I am not too proud to need to ask the question. Your reply to me gave me confidence to ask you for a reply. If you ever need my opinion on a fundamental trading matter please feel free to ask for another point of view.

By being able to understand when A Trend Will Change even short term it gives you an edge that the charts cannot since the change in trend relates to supply and demand and money flow.

Please enjoy your weekend as well and I am ready to move forward in any comments that I made concerning yourself on the weak side.

The forum should operate this way and attacks by anyone even with good reason leads to what happens here at times.

Discipline means you win at forex and also win at life. Once your words come out including mine they are hard to take back.

I got target level @ 324x assuming downside & retrace early next week...

32.8% fr of up move and prior resistance zone from 28th Dec...

Further down I see 312x as price action demand zone on h4...

Looking north I see 361x 127% fe, price action supply zone on h4 and monthly R1...

NB. this week's high I see as also being a strong level based on PA S/R on h4...

Don't Trade Like Tony Montana

Fly on any Jetblue flight from New York to Fort Lauderdale and a curious thing will happen. If one of the Direct TV channels happens to be playing Scarface, every seat with a man in it will turn to that channel within 5 minutes until the whole plane is watching the movie. Guys love Tony Montana - the swaggering, psychotic gangster immortalized by Al Pacino.

Who amongst us can forget that final scene when Pacino faces a crowd of assassins screaming “Say hello to my leeeetle friend!” as he fires off his bazooka while he takes a shot after shot refusing to go down. Despite the comic book violence, and the psychopathology of the main character, most guys view Tony Motana with a no small dollop of romanticism. He represents our universal desire to take on the world on our own terms no matter the cost. But the cost matters, because in the end of course Tony Montana gets blown to smithereens and Oliver Stone ends the movie with the shot of “The World is Yours” trophy fallen on the floor.

I’ve been thinking about the Tony Montana character lately, realizing that I sometimes do a bizarre imitation of the “say-hello-to-my-leeetle-friend” scene when I fight the tape in FX. Did you stop me out as tried to short the top? No problem I can take it. Here is another order to sell. Another stop? Give it to me. More? Go ahead I’ll take it all - I am stronger than the market, I can take it all. In any case you get the idea. After a while your trading account starts to look like Tony Motana’s body and you begin to realize that maybe this is not such a good idea.

This week’s moves in risk FX had many traders acting like mini Al Pacinos with euro shorts refusing to accept the fact that the currency was not going to implode anytime soon. The short covering rally was one of the most vicious spikes in recent memory, but if you’ve been in the markets for a while you knew that it wasn’t that unusual. When the markets want to roll you can join them or get out of the way. If you chose to make a stand you will almost always be leveled to the ground.

Sun Tzu once said “He who knows when he can fight and when he cannot, will be victorious.” This is perhaps some of the greatest advice that we can absorb as traders. Very often we trade not to win but satisfy our ego. Taking on the world, or the market is a romantic idea that we’ve all been taught, but in finance that is a very expensive way to conduct your business. As guys we may all earn for our inner Tony Montana, but as traders we should wise enough to know better.

Sauce: http://www.fxstreet.com/education/tr...gy/2011/01/14/

Tot de volgende keer!

Good nite/morning all,

Hope you are having a good weekend.
I am reviewing my plan of action for Sunday/Monday and would appreciate any comments you may have.
I am a noob, willing to learn (so any comments welcome) and this is how I see things. Hope it will make some sense to you.

The EUR/USD bullish wave has been very impressive last week. Taking the end of week close on friday,

On the up side:

1. it has broken the major resistance line of 1.3431 and,
2. it remained above the DP;
3. bounced back on 1.3317 support and the ascending TL (in red on my 1H chart)
4. I now have a nice ascending triangle on my 4H and 1H charts
5. Bullish engulfing formation on the weekly chart

On the Down Side:

1. it failed to keep its momentum above 1.338X (resistance line in Red) for now.
2. It closed just below the resistance of 1.338X (second line in red)
3. we are within the 38.2% on Fibo from 1.4285
4. we have not seen much of a retracement on the bullish wave.

Because it has not maintained a strong position above 1.3431, I question if it is feasible for the EUR/USD to break the major resistance line at 1.3495 now?

Besides, that last movement from 1.3317 to 1.338 happened after London Close...

So I suspect, if we break the ascending trendline, we should see the price dropping to 1.3339, 1.3317 and then 1.3307. After that I have a few targets in mind. So I see the 1.336X - 1.338 zone as a good place to reload short.

However if we break 1.34 and 1.3431, these would be a good place to go long - we may reach 1.3495 and beyond that possibly 1.38X...

Although the odds appear mainly in favour of the bulls, I am mostly bearish for the beginning of the week as a retracement is (to me) overdue after such a massive bullish move. I am surprised by the momentum and wondering if this wave was not mainly fuelled by bears taking profit?
Hope you get the chart.
B.

What is price of eur usd now plz any one plz i see in cnbc now it show me 1.3332 is that triue

My broker says its at 1.3388 give or take a few pips due to the weekend spread increase.


As for direction,

Bullish after it plowed through most of the resistance lines and MA's on my charts.

However its still in a downward channel from november. H4 chart

lows of channel november 30th to january 7th

highs of channel Decemeber 14th, january 4th and january 14th

I don't feel confident in playing the channel for a ride back down to the 1.3 area, and not sure if the short term trend is strong enough yet to push right up to 1.38. Just my thoughts ^_^

http://www.oanda.com/

Not that it matters as price will change throughout the weekend right up to opening bell...but, if ya get curious over the weekend, pop over to XE.com, and check out the rates as current there...

Whoa B....

Remarkable similarities from what I have noticed...

Kinda reminds me of this guy...awww, never mind, can't remember his name right now, but was on the tip of my tongue only moments ago...

I am going out on a limb here, are you asking if the candle "stays", open until the time period is over?

IF, this is your question, the answer is yes. The trigger on trends I take are based on CLOSED candles. No matter what the time period.

That being said, I do not necessarily work off an H4 candle trigger due to brokers opening at different times and the DAILY candle is completely up to the brokers period of roll over.

So, for daily candles, I mark off from True Daily Roll...5PM EST. This I call the true daily candle.

Others, on an analysis side of things, and for scalping purposes, I use a large time frame candle superimposed on my 1/5/15m charts to watch for continuations of the trend and follow the immediate.

An Example...
I take triggers based on price CLOSING candle above and below my EMA trigger, and will watch for continuation triggers to scalp the 5m chart. This is the closing hours of EU from a 5m chart with the large blue shaded boxes being the Hourly Candle superimposed.

IF I see an hourly candle go from Red (sell) to blue, and the hour closes, I will watch for subsequent triggers to the long side. Using these with a combination of Stochastics and MACD allows me to follow the triggers that make sense, or the "Triggers on Trend"...When all ducks are in a line, I take the triggers. IF I have confusion on indicators, I sit out...

Only when the First Hourly closes will I look to the Second Hour for triggers on trend. Only when Price closes my trigger EMA, will my charts produce the directional arrows.

Hope this answers your question.