Aud/usd system analysis

eur/usd the Daaaaaaaaaaaan when the man said long , it is long

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gbp/usd support and resistance

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only one target and it has been reached

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can we say target reached, 10-15 pips before out

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S&P Downgrades US To AA+, Outlook Negative
The American greed

The good, the bad and the ugly about the downgrade of America credit rating.

let us look at it this way ( from first to worst ) is a serious matter that mos people do not realize the outcome of this downgrade, America the most powerful country, the most strongest economy on the headline news all over the world saying no more America, step a side someone else will take over, America you will be dependent not independent, you going to be pushed back to the bottom and no one will listen to you anymore, you gone and you will be run over by many ( China and Russia ) in the first place.

Our American leaders including past presidents are responsible for putting us as Americans down and they should be punished for not taking action to protect our nation and to protect American from such attack by nations America made, but instead they still pointing the finger in who to blame and who's responsible for all of this.

The reality is, all American Politician are responsible for such an act and by no mean they should be held responsible for putting our nation down, And downgrade us as American where we ever go and do from now on.

There is no more the land of opportunity, it will be the land of suffering and our leaders will keep pointing the fingers too, if you think that you will be able to travel now and have the same respect as before this happen, you are a fool, it is already out there European and Arab nations have signs saying America for sale, do you know how serious it is ?Do you remember Kuwait and what and how much America did for this country, and how many American died to give them there freedom from Saddam Hussein, they are all over the internet with a sign saying America for sale, Saudi, Chinese, British, Afghan Libya and the list go on and on. It is a serious matter for America and American.

All nations America helped in the past are rising and enjoying the failure of our leaders and the American people are the one who is going to pay for the it

The problem with our American leaders is they are blind, greedy and stupid, they only think about their personal gain and this is not new in America because every man for himself, American leaders love to point fingers because they don't like to work, they love to have it easy, make as much as they can, by screwing as much as they can and when the shit hit the fan, they point fingers at who did what and justify it by the word why, But when it come to America you can not point fingers at one person alone, it is America people and it is about America and the American people, the land of the free and the home of the brave, it is not about you or me it is about America, America, America, wake up and smell the coffee you stupid idiots, you have put us down. stupid nations making fun of what is happening to us,and there is more to com and you still pointing fingers.

I am not sure you all going to get the outcome of this, because some will understand and the others will be like our leaders, will point at who to blame, it is about us American as one nation not divided, American who loves America for its bad and for its good, American who love to be proud to say I am American, American who loves to be a part of the solution not part of the problem.

This is worse than The World trade center Attack, it is much stronger and it will take years to fix, the only one going to suffer are the American people not our politicians, they will keep pointing fingers. It not about republicans or democrats, it is about America and the American people, stop pointing fingers, stop talking about the problems, talk about solutions and go to work to fix the problem. The American greed has put us down, the American greed must stop here, work for America and the American people, you have put us down, now you must bring us back fast before it to late. Stop thinking negative, think positive, when we think positive most problems get solved. Hello America and hello to all Americans, wake up and smell the coffee, this is the good, the bad and the ugly.

Oh boy, it happened!

S&P lowers rating to AA+

All branches of the government, along with the American people need to stop the finger pointing and take blame. It is not just one party, just one Congress or just one Executive Branch that can be blamed for this. The sooner we can accept responsibility for the current state of America, will be the sooner we can properly address the issues ahead of us.

Will our President be pointing fingers at who is to blame?

Will the Congress continue to point finger at who is to blame?

Will you continue to point fingers at who is to blame?


It is time to STOP!

Dan

China Tells US 'Good Old Days' of Borrowing Over

The American greed

China bluntly criticized the US on Saturday one day after the superpower's credit rating was downgraded, saying the "good old days" of borrowing were over. Fake goods, will be over the universe, may be even fake food supply full with poison who knows

http://www.cnbc.com/id/44044859

The American politician jokes are still pointing fingers at President Obama's administration. When all this going to stop.

Finger pointing follows debt downgrade

Standard & Poor's downgrade of the U.S. government debt rating brought indignation from the Obama administration and finger pointing from leading Democrats and Republicans.

http://www.msnbc.msn.com/id/44043408...r#.Tj2eOmHkGSq

Something special the U.S. has had is that its debt was traded as a commodity. Our debt was rich, vast and always liquid. In short, it can be attractive to buy U.S. debt.

For some reason many Americans view the debt holders in a dark light, as if they did it with devious intentions. I could never understand that line of thinking, because every trader knows that you want to take a position in a liquid market, a liquid market is essentially a good market to invest in.

Afterall, can you imagine what would happen if U.S. debt wasn't attractive? Could you imagine if China, and others, weren't buying our debt for all those years? Perhaps this would have forced us to face the growing problem years ago, but again...this was our problem, not the people purchasing the debt.

There are many that are spouting off such things as buy USA only. This is foolish, isolation is not the answer. There are many powerful countries right now that export a large amount of goods, China is one of them. We do not need to isolate ourselves from other countries, we need to regain our status as a major exporting country.

I believe agriculture is at the root of where our exports should be. But we have a few problems with our standards not meeting what other countries want. So be it! We can continue to meet the low agricultural standards for domestic sale, if that's what we choose to do. But let's meet the standards in which other countries require for the export of our produce and animal products.

Not one administration, not one congress and not one person got us into this mess alone. Further bickering is a complete waste of time and will only prolong our fall. Taking accountability for OUR actions is the first step, after that we need to think trade!

This country was founded on establishing debt and our world exports, we've currently got too much of one and not enough of another. We currently own this credit/debt problem in the U.S., it has finally become ours. It is possible that it may take many many years to repair any damage that occurred around the world. So be it, let's own it, and let's fix it!

I'll get back to Forex now...

Dan

eur/usd what is next, is it baam bamm?

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gbp/usd support and resistance

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nzd/usd support and resistance

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AUD/USD

Working the charts from large time frame to small Each time frame will have it's own swings, it's own targets, and it own trouble areas.

Monthly/Weekly charts have some big Fib exp.swings. Daily chart has Monthly Support and Resistance levels, like the Fib exp targets we play things level by level.

Remember that when we work Fib exp. levels we do so level by level. The 61.8 is considered the barrier. Once this level is broke with a good candle (preferably an open beyond this level) you can look to target 1, which is 100%. If this level gets breached you can look toward target 2 (161.8). To get to Target 2 you have Sub-Targets 138.2 and 150.0.

We are patient and we take things level by level. This is the case if we are trading using Fib exp. levels or large time frame Support and Resistance levels. If you're working Fib levels take note of any large time frame (>=Monthly) Support and Resistance that is close in price.



480 chart shows the big downswing move. As always, currency prices respect technical levels. 240/15 chart shows the charts with fib zones, remember to pay attention to the shaded areas as these are the "trouble" spots.





Dan

nzd/chf support and resistance, all small time frames targets has been reached, this week we will take a look at price action to determine the next move.

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EUR/USD


Work from large time frame down to small time frame. Take things level by level, no matter playing monthly Support/Resistance or Fib levels. Expect a retrace after the price action reaches a target.

Dan

USD/CHF

Dan

Gaps gaps gaps!

Can you believe that some Signal Services were giving Buy/Sell orders BEFORE the market open, LOL!

Do not repeat the same mistakes, Do not believe the blah blah blah (excuses), Do not trade the news.

Wait for the market to give you direction, wait for the candles to tell you their story, wait for your entry!

Dan

Some of the notable gaps

Dan

more gaps for gap lovers, they are all over and the circus shall begin

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Looking at the 240 chart posted before the open, we've already got a full Target 2 HIT!

updated chart added below!
This IS a technical market! It IS ALWAYS a technical market, even NFP!!!
Notice how we hit full target,161.8, and then retraced...to where? To the 100%, first target 1! Now we look for the next level. Remember, level by level.



Dan