EurAnalysis

DAAAAAAAAAMMM!!!!!

Strengthening the EURUSD is reaching levels in excess of purchase. The resistances are given by the price downtrend line and the maximum of 18 June @ 1,2718/ 48. Today we are witnessing a renewal of the most maximum @ 1,2588. At this time the asset is close to 1,25550, to keep this short-term trend, we may see the pair trading this week around 1,2645/ 55 or even at the level of 1,27XXX. A return below 1,2430 will put the current trend in the neutral zone, and however necessary to break the 1,2325/ 35 to replace us in a trend "Bearish" short term. Thus, the forecast for the next few hours is as follows:


TREND (Theory DOW)

"Major Channel" - Long Term - Bearish - Resistance (currently 1.32259)
"Current Channel" - Medium Term - Bearish - Resistance (currently 1.2718)
"Probability Channel" - Short Term - Bullish - Support (currently 1.2327)


R & S

Resistance - 1.2617/ 27
Support - 1.2504


POSSIBLE SCENARIOS

1) Above 1,25886 "suggest" purchases, with 50 pips of SL. @ 1,2601 TP1, TP2 1,2615 and TP3 @ 1,2627/ 34. Hint: use of BE after reaching the 1st TP.
2) * In the range from 1,2548 to 1,2590 is the scenario MARKET IN RIGHT SIDE, to say, OUT OF MARKET - OoM!! For more aggressive investors suggest buying above 1,2555, SL with a maximum price of the entry of scenario 3. Sells below 1,2581 with SL maximum of 20 pips (1,2601).
3) Below 1,2548 get Sell positions with SL of 50 pips, as TPs, consider: TP1@ 1,2523 , TP2 @1,2508 and TP3 @ 1,2477/ 84, the "Breakout" this may relocate again in the active area of 1,23XXX/ 1,22XXX. Hint: use of BE after reaching the 1st TP.

* NOTE - any position in this range is considered as a "higher position risk".

Who is our and us? Who is the source? Are you the source or is this copy/paste. If the latter, post a link.

I think i cannot put links here.

Sure you can. We need to verify the source.

But Forex Factory don't accept any links of forex services providers, then they could banned me.

"Our and Us" appears to be Tripeiro's commercial venture. So if he puts a link here, he will be in violation of the "no-commercial" rule.

I will just settle with the fact that "Our and Us" means Tripeiro. Not a problem with me.

Tripeiro... Try and use "My and I" instead of "Our and Us" so we avoid confusion in the future.

Nice analysis

OK In next post i will have this in attention. From now i edit and do a correction in text

LOL, funny guy, I have to admit that.

Republicans Consider Returning To Gold Standard: Real Or Red Herring?

http://www.zerohedge.com/news/republ...or-red-herring

Equities Plunge Most In A Month As Gold And Treasuries Extend Gains.......

http://www.zerohedge.com/news/equiti...s-extend-gains

If I was to guess, I'd say we are due for a pullback. Seems to be running out of steam and wants to reload somewhere.

Gofer Pips,
I am game.
I prefer pragmatists over delusional moonbeams any day of the week.
I do know this, 4 more years of the O man and everyone will be dumpster diving for the next meal.

http://www.zerohedge.com/contributed...ops+to+zero%29

Snippet:

Wolf Richter www.testosteronepit.com

Central banks are designed to be “independent,” and they shroud themselves in secrecy. But they have formidable and, when it comes to money, “unlimited” powers that they harness for the benefit of their clientele, banks. And hiding behind their veil of secrecy are shenanigans that rarely seep to the surface, but when they do, they just get worse and worse. And the latest is a sordid bribery and kickback scandal at the Reserve Bank of Australia (RBA) that appeared to be neatly contained to two subsidiaries, until now.

Securency International Pty Ltd, jointly owned by the RBA and Innovia Films, develops polymer materials for Australia’s banknote technology used in 27 countries. Note Printing Australia (NPA), a wholly owned subsidiary of the RBA, manufactures polymer banknotes. In May 2009, Age newspaper broke the scandal: eight former executives of Securency and NPA had paid millions of dollars in bribes and kickbacks to officials in Vietnam, Malaysia, and Indonesia between 1999 and 2004 through middlemen, including a Malaysian arms dealer, in order to win contracts for manufacturing bank notes. Forced to deal with the ruckus, Securency asked the Australian Federal Police to investigate.

In July 2011, finally, after two years of foot-dragging, and after international pressure to do something, the Federal Police arrested six former executives of Securency and NPA—Australia’s first prosecution under its foreign bribery laws.

On Aug 19, 2012, former Securency CFO David Ellery pleaded guilty to one charge of false accounting—he admitted to concealing a $79,502 payment to a Malaysian agent—and was given a six-month suspended sentence. In return, he handed over hard drives, provided details, and agreed to become a prosecution witness. In her ruling, the Judge lashed out against the company for its “corporate culture” where “staff were discouraged from examining too closely the use of, and payment arrangements for, overseas agents,” and where “secrecy and a denial of responsibility for wrongdoing” prevailed.

So justice reluctantly tiptoed around the lower levels. Suspicions that top officials at the RBA knew about the corruption were waved away by Governor Glenn Stevens. He testified before a parliamentary committee in 2011: he and others at the RBA learned about the scandal by reading the papers. Deputy Governor Ric Battellino—retired since February—sat right next him.

But at least Battellino knew since June 2007! A 5-page memo that ABC obtained from “sources” at the RBA, and made public yesterday, proves it. That June, NPA’s Brian Hood told Battellino in a secret meeting about the corruption issues. He later composed and sent the now surfaced 5-page memo to Battellino, detailing multi-million-dollar payments to overseas agents who in turn made payments to officials and politicians in Vietnam, Malaysia, Indonesia, and Nepal. Hood stated that he’d tried to address these issues within NPA but was told to “back off.”

Battellino reacted. Instead of calling the Federal Police to investigate, the RBA engaged a law firm to do an audit that gave the company a clean bill of health. Whistleblower Hood was axed in 2007, along with the foreign agents and some of NPA’s management.

Closed my short for a small gain. Doesn't seem to want to bust through the fibo 23.6 level at 1.2552. Now just sitting and waiting for it to move somewhere that makes sense to get into the market. Patience....it's tough!

What is that?

As far as the rest of your post...........thanks for sharing.

Please educate yourself before exposing your naivete when it pertains to reality and how it manifests itself to people.

This will be the only response you will get from me regarding this matter.

If you want to have a gentlemanly discussion regarding politics, the best forum would be a pm so we might e-mail one another. This is not the place to discuss/debate politics......this is a trading thread.

God bless and good trading to you.

Samaras is going to Belize to “get instructions on retructuring debt”??? Errr, didn’t Belize just miss a $23.1M bond payment that was due last Monday? And if they don’t make a catch up payment within 30 days, they’re in default bankrupcy. The blind leading the blind!

Nice. Will have opportunity to short from above again. Using no or very low leverage to specultae have very good chance to catch a big move. I feel if nothing has really changed this up move will not last very long. The higher it goes up the bigger the down move. What's your outlook on EUR/AUD and AUD/USD?

AUD/USD - *Downwards for the next few weeks. My first target is 1.01 which is the 50 level from the swing low (June 1) and the swing high on August 9th. Next target is between .94 and .96 where there is very strong support.

EUR/AUD - Not too sure at the moment what my long term view is as of yet.

*Reason being is I see the Dollar at a multi-year low and will soon be gaining strength due to global slowdown.

http://www.babypips.com/school/the-d...le-theory.html

Also, I am extremely bearish on US equities for the next 6 months at least. This could be pure speculation on my part but I am anticipating a global financial crisis like in 2008, maybe worse. If it plays out the way I am expecting then AUD will fall into the abyss like in 2008...