EurAnalysis

14 mins. better be good. am tired of waiting.

Asia is following NY's lead today in the equities markets. The Aussie is leading the charge north in the risk currncies.

ECB LTRO operation settlement is today 12/21/2011 The markets are expecting a lot of demand for this. Liquidity is typically thin this time of year heading into the holidays and will likely remain thin until January and any heavy flow can easily move the markets.

The markets have been heavily short risk for the last few weeks and I expect to see a lot of short covering as funds and traders that havn't already closed their books take profits and close out positions

I am still holding E$ long from 1.2995

The daily candle put in a higher low, a higher high and a higher close. Price is still contaiined in the down channels. Supply and demand zones are highlighted.


Technical indicators are showing bullish momentum is building. Daily Pivot now 1.3070, R1 1.3145, S1 1.3010

ECB LTRO results expected around 5:15 AM EST

Hi PK

I apologise for perhaps asking the obvious, but how do you read the SSL Fastbar. If you have discussed it elsewhere which you probably have on numerous occasions, simply remind me and I will go off and look, otherwise, a brief explanation will do.

Ta

If am become the Gay - u are the first am looking

Btw Thanks

What happened today was very interesting. All Asset Classes were up with risk back on. Good data information in the USA on housing helped things along. The Dow was strong all day.

Now for reality. The problems in Europe are still not resolved. Today in the USA it appears the Senate went home for the holidays and the GOP house has their own bill on extending the tax cuts.

That means as for now no tax cuts continued for payroll.

I watch how the Dow reacted to more GRIDLOCK and they loved it as the Dow stayed over 12,000

We went from despair to joy.

The FED is doing QE for the world and pretending they are not. The MF Global mess is getting worse.

The point of this post is sometimes you get great hints by watching how the news is acted upon. What happened with the extension to the payroll tax cut should have had the markets sell off at least 100 points on the Dow.

However today was Santa Claus day.

The new ruler of North Korea stayed quiet. Draghi said the truth. Bernake is now complaining he is being picked on.

I am short however not in the market now. I can say PipTrapper has it right and it is important to learn to watch the reaction to news.

Everyone wants something from Santa Claus and so the attitude is positive. Maybe the Dow will go up 300 tomorrow as well. No person knows however watch Gold and Oil and the US Bond Yields on the 2 Year US Bonds and the 10 Year US Bonds.

There are so many different things going on now behind the scenes.

I am watching waiting and looking for a good opportunity and if none comes next year is very close.

We are one UNKNOWN EVENT from a Big Sell Off when Reality shows it's face again.

The best way to trade is to assume nothing, be aware of low liquidity and whatever the Powers That Be say publically the opposite is happening privately.

We are in a currency war and Gold will be the winner as it always does.

I am finished for today and tomorrow around 4:00 AM is when I will return.

Good Evening and Good Trading !!!

i took longs late last week and and some scalps yesterday today i sat it out.

i probably be squared, unless i feel like risking profits, markets are thin, so careful out there

It's a nice visual based on moving averages, probably a moving average cross or multiple time frame moving averages, I don't really know. I like visuals and I don't like a chart cluttered with moving averages so this works for me. It makes a glance at the chart as I flip through each pair around the NY close to decide if I want to cut the trades loose, hold or reverse nice and quick. I generally make my trading decisions between the NY close and the Asia open.

I imagine others use it differently. I use it as a filter to confirm I entered a trade in the right direction and to hold on and let the trade run as long as I can. The SSL, the trix and heikin ashi candles or the WYFX candles I have on my charts now, each help to filter out some of the fake signals they each can give.

I don't just blindly enter a trade just off indicators but I do use them often to let a winner run as far as I can on momentum or cut a loser short or even consider reversing positions if they tell me I was wrong.

I use everything to make my decisions, technicals, supply and demand levels, indicators, news, fundamental data and a basic understanding and gut instinct of how the markets react that only comes from several years of watching the markets move.

You can search around the forums here for more info on the SSL fast sbar.

http://www.ifii.com/

And here it is

http://www.ifii.com/thetycoonreport/detail/205297328

There is also charts.

Enjoy

Good Night

He'll have to change his name to bundapatricia

http://lewrockwell.com/orig/keller23.1.html

http://www.theatlanticwire.com/polit...s-front/46360/

WWW.JSMINESET.COM

Good Stuff There

Yawn ... Beddy Bye

Keep up the excellent input. Take care.

http://www.financialsense.com/contri...al-rally-today

This comes from WWW.FINANCIALSENSE.COM

You can visit once a day.

NO MORE POSTS - COME TO BED !!!

Hello Sir,

How's life?

Thank you Kno ... I learn everyday when I read your post ... like a fresh breeze makes all worries aside ...

I am not entirely sure that the European crisis is quite the issue we appear to think it is. Their sovereign debt is more a symptom of the underlying mountain of faulty legal paper (lost title) their banks are holding from the sub-prime days. Both having to finance the day to day running of these countries as well as prop up bank balance sheets is clearly taking its toll but the underlying manufacturing economy global wise is still quite robust and only likely to grow.

The Europeans will eventually have to come round to some form of American federalism beyond the monetary union we have today and the Anglo-Saxon countries will eventually have to force some sort of revaluation of the underlying assets behind the parlous state of bank balance sheets. A housing crash of some kind is in the pipeline I suspect, a managed one that ensures that growth is not unduly hobbled but in the meantime, we can expect the volatility to continue. In any event, the volatility is the new face of speculative capitalism which I am preparing myself for. The days of prolonged trends are over.

Thanks PK. I've added it to my charts...it makes a nice quick visual tool as I tend to go by the candles alone but at times get somewhat fatigued.