In addition to the EU debt issues and QE2 ending....its about that time that smart money starts positioning for a possible change in the White House....(republican austerity 2012)
Twitter: @TrendersGame
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Disliked..., I know the US is not in great shape but believe me Europe (and especially Spain, Portugal, various others) is not a happening place at the moment, so personally I dont understand the rise in the euro of late, its not in our interest to have a high euro (imports rise local sales drop etc etc, exports are too expensive) but this could all be a dollar move. Best keep an open mind and be willing to change sides...take care, RazIgnored
DislikedGood post.
So often I see others not understanding why the euro is strengthing or declining ....... or why the dollar is strengthing or declining ......... but not considering what both together are doing economically, politically and fiscally at that moment in time.
They are called pairs for a reason.Ignored
Dislikedone more thing about times of day. now don't hold me accountable i'm not saying the market reverses at these times but if it does that's when it happens.
all eastern times
9am, 10:30am, 11:30 am (if it reverses/retraces here, at noon it will continue the same direction as it was before 11:30), noon, 1:30 pm(as of late this is becoming more important than noon), and 3pm.
there are also mini reversals every 45 minutes(visible on lower TFs).
why? no idea. maybe it has to do with the banks orders workflows. it's not an exact science but it happens...Ignored
DislikedI think what is significant is where the bulls have run out of steam...
Yeah, we have seen some nice buys and fairly decent ranges over the last few months, but really it has taken 4 months to buy up the November exodus...4 months of sell offs being bought up, all to get to a fist full of pips from November highs and nobody wants to buy?
Now, fair to be said that the monthly candle has not closed, and until it does, we really can't be 100% sure of anything...but right now, we are still playing inside candles off the last bearish engulfing...Ignored
Dislikedno I was looking at my account balance calculating this weeks profit 2595 £Ignored
DislikedHere's a thought for ya...
Given the fact that most simply cannot comprehend the quantitative size of the deficits nor the impact that any political action would have on this, it is simply impossible to compare the two...
How does a raindrop effect the ocean vs the sea?
Moot...
When price goes up...be a buyer.
When price goes down...be a seller.Ignored
DislikedActually P...you are right, it ain't always that simple...
But where do you think most have a better chance at success...viewing deficit and fiscal numbers in relation to new political bullshit...or in trying to read a chart?
Cuz really, that was my point...Ignored
DislikedActually P...you are right, it ain't always that simple...
But where do you think most have a better chance at success...viewing deficit and fiscal numbers in relation to new political bullshit...or in trying to read a chart?
Cuz really, that was my point...Ignored
DislikedI know.
I can barely comprehend my own bills let alone government fiscal deficits. I know what I do when I overspend though. I stop spending. Very simple. Just like tossing a coin ... ROFL. And no, I don't toss a coin otherwise I wouldn't be sitting here typing this post.Ignored
Disliked
"There are several main concepts that traders have to pay attention to.
Ignored
DislikedYeah so all the TA traders like myself who could care less about FA haven't commented on the outlook for the US or EZ at one time or another?
I was just saying if someone is going to talk about one side of the pair remember the other side.
As they say in the old neighborhood: fugetaboutit
And oh btw like the new addition to iggy feature .... a lot.Ignored
Disliked...if this is a ¨top¨ we need a hard and convincing rejection and that we havent seen yet. Can only wait and see, I live in Spain and I can tell you the situation here is not good at all, I know the US is not in great shape but believe me Europe (and especially Spain, Portugal, various others) is not a happening place at the moment, so personally I dont understand the rise in the euro of late, its not in our interest to have a high euro (imports rise local sales drop etc etc, exports are too expensive) but this could all be a dollar move. Best keep...Ignored
DislikedYes, I agree, wholeheartedly but it's the "heat of the moment" trades that tend to do one in. This can be a hard thing to overcome in the early trading days. I see posters all the time getting carried away with the market when it's moving, not even bothering to check ATR or the time of day and then they wonder why they get stuck at the bottom (or top).
Even now, I still get sucked into them, just not as often.Ignored
DislikedHow i see the market.... This is a post of mine on a different trading site. I thought I should copy and paste some of it here.
"There are several main concepts that traders have to pay attention to.
1. At the base of everything is the interaction between time frames. Different time frames are being played at different times, and you should try to identify which one is it. In general you go down the time frames until you see a trend either direction. What exactly is a trend? HH, HL or LH and LL. A simple retrace off some s/r on the higher...Ignored
DislikedHere's a thought for ya...
Given the fact that most simply cannot comprehend the quantitative size of the deficits nor the impact that any political action would have on this, it is simply impossible to compare the two...
How does a raindrop effect the ocean vs the sea?
Moot...
When price goes up...be a buyer.
When price goes down...be a seller.Ignored