EURUSD

Indeed. But you should also factor I the fact that 1 monthly candle can be 1000 pips long. If you can stomach a few hundred pip drawdown then kudos to you. Else it's better to stick to the long for now

It's overbuy condition. Better wait till a small retracement
M5, M15, M30, H1 all overbuy

hahaha

Daily overbought

cannot trust OB/OS indicators because some time the market can stay Flat for next few days to make this ob/os diminish but eurusd still at a higher price

I just bought. 50 Pip sl and 100 pip tp.

still find it funny the whole world stumbling over themselves to buy this pair when the EZ growing at .3% and the USA at 3.1%


I see a big decline in german trade balance on the horizon...

Gold still rising to record highs.... GU still going up things are looking scary yet again...

Silver pierced $40!

Gotta love being a holder of physical!

there is 3 buy area in my view point.

http://i.imgur.com/bqv3o.gif

but then EZ doesnt have as much DEBT as US does on their head.... sooo yea one would imagine US with THAT amount of debt would have what like... atleast 4x the growth of EZ... but 3.1%??

It's not just me but everyone agreeing including market that US funding issue causing worries in the economy, government shutdown to halt economic recovery and stuff like that...
http://www.forexlive.com/179094/all/...unding-worries

Sorted

+200


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goood call dude..

btw where is your vouch??

So you expect 4500 today? Next week fed coming with 64B

I am expecting 1.4444, for 1:1 r/r.

What do u say ? Should we buy on EUR/USD OR its going to come down ? When will it come down … thats the thing i want to know.. as i have 5 sells in place giving me loss and i am scared to put a buy if it turns downwards.. please guide..

March USA PPI/CPI next week will reflect the huge jump in oil prices...beware. I dont think US inflation expectations are high enough at the moment...some small business owners I know say its getting brutal. That should read through to PPI this or next month. Should be into CPI by summer.

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Guys seeing the situation i got to compare the 2 government shutdown events... 1995 and 2011

1995: there wasnt any Known economic crisis at that period
2011: economic crisis caused by a collapse in housing market back in 2008

1995 congress:
104th Congress (1995-1997)
Majority Party: Republican (52 seats)
Minority Party: Democrat (48 seats)
Other Parties: 0
Total Seats: 100
Note: Party ratio changed to 53 Republicans and 47 Democrats after Richard Shelby of Alabama switched from the Democratic to Republican party on November 9, 1994. It changed again, to 54 Republicans and 46 Democrats, when Ben Nighthorse Campbell of Colorado switched from the Democratic to Republican party on March 3, 1995. When Robert Packwood (R-OR) resigned on October 1, 1995, the Senate divided between 53 Republicans and 46 Democrats with one vacancy. Ron Wyden (D) returned the ratio to 53 Republicans and 47 Democrats when he was elected to fill the vacant Oregon seat.

2011 Congress:
112th Congress (2011-2013)
Majority Party: Democrat (51 seats)
Minority Party: Republican (47 seats)
Other Parties: 1 Independent; 1 Independent Democrat
Total Seats: 100

Now i wonder... if at 1995 republicans were the majority during that government shutdown caused a Nice Growth in US economy when theres no problem to the economy at that time...
whats going to happen today 2011 Democrats are the majority for this shut down... and economic crises at hand...

Democrats: Interventionist Economics (Example: QE, tax cut, government spending, government borrowing the whole shebang)
Republicans: Free Market Economics (Example "Laissez-Faire" Capitalism, distribution of resources according to market flow, Adam Smith invisible hand theory)

There goes the whole Keynesian Economics vs Classical Economics

So your trading short, trying to pick tops against a good uptrend, with fundamentals backing on the side of selling US and without SL's. What are you aiming for? If your scared then you have more dollars then cents (sense) in play and I would stop right there and do some homework. Seriously.....