Thank you for the welcome. I definitely enjoy this more, I can't keep up with the other threads. Plus I really enjoy your charts.
![](https://resources.faireconomy.media/images/emojis/64/1f643.png?v=15.1)
EurAnalysis Kindergarten 24 replies
DislikedOn how equity traders (that was me) suck at Forex (that's me also!)
Enjoy the read...
http://roguetraderette.com/2012/05/0...suck-at-forex/Ignored
Dislikedshort again here although i should probably wait for more of a pullback. just scalping anyway because im bored, 0.1% gains and losses at most lol. i should have went short at that last peak near the higher end of the channel though. maybe we are going to 1.31 which is 61.8 fib retrace and just under the 100 dmaIgnored
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Dislikedhehehe.. not for long bro. You're getting it
By the way. I think the ADP number will do well today and we'll see 3080/90 (3120 at least)
ADD: Look at the DX on Daily chart. Still has a way to go to hit falling trend line
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DislikedHmm, I have draw the bottom trend line slightly different than you. I've shown a break of the trend line a few days ago and we are re-testing the bottom trend line. 79.500 would have to hold to continue the down trend now. A close above that on the daily would potentially see 80.400 as top before major reversal.Ignored
DislikedHmm, I have draw the bottom trend line slightly different than you. I've shown a break of the trend line a few days ago and we are re-testing the bottom trend line. 79.500 would have to hold to continue the down trend now. A close above that on the daily would potentially see 80.400 as top before major reversal.Ignored
Dislikedtrend lines are not an exact science since different traders draw them in different ways. There are no set rules. It all boils down to which drawing methods are used the most. My way seems to be a confirmed way siunce price has in fact bounced off it after a fakey breaky spike through it... just like the fakey breaky spike above the rising wedge resistance on the E/UIgnored
DislikedHow they say? Talking about dollar. If there are some bad news in a "bull" market and it doesnt get down. So we are in a bull market... Something like thatI got GJ short 30 pips until now
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DislikedNot quite sure I get it but it is a risk on/risk off scenario. Bad US figures -> Risk off -> Money flows to T-Bonds -> Dollar goes up.Ignored
DislikedCan you post a longer time frame so I can see you bottom trend better?
TIA.Ignored
DislikedCorrect but it is not that simple. There are many factors at play other than if it is risk-off or risk-on
There is also the QE3 factor.
So:
if US econ data is bad enough that the Fed will ease more, that is USD bearish
If the US econ data is lower than expected but not bad enough for the Fed to ease, that is USD bullish.
Today I think it is right on that line. NY opening bell will tell us what the market at large thinks.Ignored
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Disliked...and in all that one must put US-EUR who's crapier data contest results too..Ignored