EurAnalysis

In my opinion they are doomed.. We'll just have to wait for it. 23rd november

But I have an expectation, and it's this:

US fails to cut 1.2T USD
US gets rating downgrades (Moody's, Fitch and S&P)
Investors lose confidence
And stock markets crash

If that is the case, wouldn't that strengthen the Euro?

thanks for that Pbh.................. over the last couple of weeks, various commentators have suggested that if an eu-wide eurobond was announced, then that would provide support for the euro....

I can't help but wonder is something about to be announced.............?

I wanted to answer this.. but mom just came form the veterinary and my dog is going through risky surgery.

I'm leaving.

When you are not away for more than 8 hrs, it is the best way. Or trailing with a stop placed under lower TF low (manual trailing stop). But when you go and want to put a position on a trade you feel certain about, what can you do? (If I only could leave computer running with trailing stop, it might be some solution, but usually TS causes premature exit. Still, better than leaving SL in red zone) Well, my luck abandoned me this time, I will come back when I will have more time, more experience and more knowledge.


... And fail even greater Or maybe I will not

they could announce that they will eventually have an announcement - I'm sure that would rally the euro

My sell limit @ 1.3543 missed by 9 pips but 1.3525 hit, woke up with 60 pips green, banked them all just now. I find out that the less I do, the more I gain. I used to babysit my trades now I work them out and let them take their courses.

There's some consolidation going on here with price range bound for 2 days now. I don't think it's time for a crash yet but nothing's written in stone.

EDIT: Mr Daghi speaks today, let's see.

They first have to form a plan to make a plan for an anouncement that they plan to anounce that they have planned an anouncement to make a planned anouncement about plans they are planning to make a planned announcement.


............ and then Greece will want to have a refferendum vote about the plans for a planned announcement


............ about Silvio's next Bunga Bunga party in Rome.

Italy trades Bunga Bunga for the Squid? Big mistake. I wouldn't count him out though....

http://www.nzherald.co.nz/world/news...766660&ref=rss

I follow most people's posts in this thread and I see your having problems not being able to stay with your trades and getting stopped out or missing your target. Sadly I can't help you with that specific situation, but I do have a couple suggestions which you can ponder.

First, get a system/method, either of your own design or one from someone that works. Don't neccesarilly try to trade the way some of the people here trade. Many of them have been at it for quite some time and have their systems/methods down.

Whatever system/method you finally end up with, all you really need is 40 pips a day. This brings me to the second point.

Once you have a system/method that gives you 40 pips a day, you use compounding to build your acoount. My trading goes against the conventional "wisdom" of MM. I risk 10% of my account on any one trade. I only have one position open at a time and my basic daily pip minimum is 40 pips. At the end of every week I withdrae that weeks profits from my account. The reasoning is: I'm not trying to build a massive account, I'm living off this. Why would I want it to sit in a trading account?

Attached is a worksheet showing the potential of this using a 50 pip stop and getting 40 pips a day.

Either my eyes opened cause I got 100% relaxed (mind relief rally) when I decided to go demo, or it is just easier to spot things when they already formed, but I would like to show few things that happened in commodities, if someone showed nice chart with some stocks this would give a nice market overview... which seems bad. No, seriously, bad in terms of badness.

First of all, commodities that were recently the most bullish: Oil and gold both broken their rising daily channels (If I spotted the channels properly).

Secondly, Copper keeps going down respecting its long term downtrend line. But it might be a bullish flag or a falling wedge, so as a result it seems the most bullish commodity to me.

Then, the crops... Corn seems to broke it consolidation (multiday ranging) or at least extended it to the downside. Wheat did not broke to the downside yet, but is just at the bottom. And we all remember what is going on with cocoa, so I don't need chart for that.

Finally there comes EURUSD and its downtrend channel(s). I thought the red one was valid and that we were going to get a retracement (maybe even to the upper FTL), and the same I was thinking about oil and gold. And the amount of bad data from EZ was really big recently, so I thought this was high time for some politician to step up and make beatiful hopium speech, or for some rumour to jump in, or for anything less bearish then we were getting all the beginning of the week. Nope, nothing like that happened. If we get EUR correction tomorrow (oh, in fact it is already today, as it is after midnight here) and other assets will pull back to their broken technical levels, then I think a powerful ride down might be under way. The alternative is that we will get 100% risk off day with everything fully red (except USD and JPY). On the other hand, market can always decide to make some sort of crazy surprise by short lived risk-on that will suddenly fade off completely somewhere at London close.

Obviously, freefall mode for EUR is always possible, especially as commodities are headed down today, and If I remember other posters charts, S&P and other stocks are getting cooked as well.

PS. I hope that this bulkload of non EURUSD charts won't disturb anyone. Commodities are priced in USDs and are part of risk-on/risk-off sentiments, so if all commodities are heading down, USD should be heading up.

PS2. Buma, seems your moon cycle might be regarding commodities (CRB index was rising overall, cause crude oil is the most important part of it).

Bear in mind with the grain futures, as well as cotton, that this is harvest season. A good harvest (more supply) will drive down prices and a bad harvest will drive up prices.

its long euro day.
i made my warning.

im all loaded in aud buy eur buy and chf short.

And if you're wrong?

Euro short day, sell AUD, sell EUR, Buy CHF!

Buma, I want to borrow your crystal ball please little brother.

Please stop. My sides are hurting

As Arnold one said... "I'll be back"

See you all for Europe open.

Good night.

Nighty-night cupcake!

It's friday. It's been risk off all week. Time to book profits and take risk off table for the weekend which means a possible short covering rally.

Euro and Aussie both just popped north breaking out of the tight range they were in..... And the THV said it was time to go long on both Got in a little late on the aussie not paying attention.

see im nice i warned u guys

if i am wrong, which i am not. well, dunno. im not wrong simple as that.

all shorting USD all in good profit.