EURUSD

the EURO is a failed currency lets not kid ourselves more than 1/2 the countries are in default and are bankrupt while the northern "stronger" countries are also bankrupt from "bailing out" these countries because their banks are on the hook already for those countries debt through their banks. the EURO currently has no solution and will not be stronger in the future.

The eye of the storm is passing.

12:30 PM Three lunchtime reads:
1) What will the economy’s new ‘normal’ look like in 2013?
2) 14 charts on money supply, deficits, and housing prices
3) Eurozone data still poor

got stopped out on my long at 13085 but only 5 pips but heavy on the lots gonna wait for 12980 for a nice bounce.

The average debt to GDP ratio of Eurozone is around 90%..... US is 100%+

Do you consider US as bankrupt?

Ahh I got such a gut feeling huge nfp gains tom and this below 1.2950... To load up or not to

nah, just saying china has a bunch of weight not usually talked about. most Chinese products have to be shipped twice, to be consumed in Europe or the u.s. once to china as a raw product, then shipped back to Europe or the u.s. as a finished product. in the u.s. the raw commodities are here along with the cheaper energy. add in the non cost of shipping in a ship over the ocean twice. that makes things cheaper to produce in the u.s. it also puts more American's to work. it makes if less costly for overseas corporations to set up in the u.s. this reduces the trade deficit. doing this boost the usd.
not to mention Indonesia and Vietnam have cheaper labor then china.

long 13025 stop 13018 tp open for right now

the run on USD is amazing.... i dont know whats become so attractive abt it but it amazing... nearly 300pips from top tuesday....

Ahh Idk man the .20 level broke

bro if this brick cracks a new low, 1hr, maybe need just give longs a break, until bull actually show signs hhe ready to scrap, him fighting a losing battle at the moment, need just be a little more patient, will be plenty of signs bull has up ante

Okay, here goes.

Let's start with the 1440 minute chart. Same chart as posted before. However, the last bar has closed.

That last bar was an "Effort to Fall" bar. It was a wides spread down bar on increasing volume closing on its low. This proves the weakness that came in on the previous interval. Not only that interval but also weakness of the Supply Swamping Demand (SSD) and Up Thrust intervals.

Note that the chart mode is still up.

What we want to see is the chart mode turn down (red). Then look for a narrow range Up bar to get short.

If you don't want to wait for the 1440, you can go down to the 720 minute.

On this chart, we see that the chart mode has already turnd down(red). Price is below the Balance Point Line and the line is red. Here again, what we would like to see is price move Up but on volume less than the previous two intervals. This would be No Demand.

Synopsis: The Trend is changing from up to down. If you look at the smaller 720, it has already changed to down. A short entry signal would be :

1. A narrow range up bar on volume less than the previous two. This will be No Demand.
2. A wide spread up bar that willl close well off its high. This will be an Up Thrust.
3. A narrow range up bar on increasing volume that closes well off its high. This would be a Squat or SSD.

i dont think it did yet. i moved my stop to 15 lol theres prior tops at 19 and 20 area so if we get to 15 then i think its been broke.

Not a good habit to get into. Presumably, you had a good reason for initially placing your stop where you did. Changing it after the fact is akin to adding to a losing position. Those are two primary trading rules that should never be broken. All you're doing by changing your stop is succumbing to psychology - i.e., the same psychology that causes traders to hang onto losing positions.

Friendly advice. Take it or leave it...


PS -- Noticed your stop was set at 1.3020. EUR.USD loves round numbers...

I hammer on the 1hr

thought i'd post a chart for my trade. long 13025 sL 13015 targets 13081 13095

where's my chart ???

ok here i think i forgot to hit upload

also 50% fib retrace is 13095 from the prior bounce top (13168)

could it be the correction is over well we ll ve to wait for the recovery . i was waiting for a new high and the market didnt give us that

with ya with a tight stop

...

good luck to us here's more chart porn. btw im gonna pick your brain gator on how you get your price points you use 1 of these nights.


really like the 13095 area