EURUSD

well there are also other things in life i understand at some point why because been there myself a bit spending hours on the markets but came for me to realisation the less time i spended and the more balanced the better my trading became. This is offcourse for every person independent but remember trading atracts a lot of compulsive gamblers. And ussually they find out to late. It is a shame but thats just the facts with a lot of things where money is involved i remember last week a guy opened a thread i saw it on the front page on ff was something like the guy wanted the markets to trade the weekends also and looking for brokers who offered it. And i am sure some would even pay a 8 pip spread on the eurusd just to do some trade for the kick they get out of it. Without trading a proper plan or edge or what so ever.

wait until 5 min before open
some brokers gives live data feed on weekend

if wrong when out it will cost me nothing. to be unbiased is sometimes hard to do. it appears most are getting eu bearish in the news. i am and have been for years. the yen has certainly boosted the euro, it appears. when in fact its actually making it less stable. i spent some time looking for a reason to be bullish and found few/no concrete reasons other then "dragi said". or just words with little action. or a concrete reason to believe more words will not be needed. then the yen has added to dragi's words and screwed him and all he attempted to secure. the old saying "be careful for what you wish for" comes to mind. anyway the 3774 area is YR2 and i also found a tl there. needless to say i will be looking hard at a place we probably will not get to. but just in case, i try not to be caught off guard.

We closed almost at where we closed the week before, but we haven't had any close ( Daily/8H/4H/2H ) below where the price bounced 4hr before the markets opened last Sunday but price briefly breached that low just to bounce back UP Sometime i do Look for the moves on Sunday to give me a heads up - Thats just Me

BTW EU currently at 3348

what is your source?

Saxo bank http://www.forexdirectory.net/euro.html

hello folks!!!keeping the "amusing" crap talk apart, my analisys for next days is pure simple!!most of you are already Bear, in my case and at this present moment, I only will take short positions when any "candle body" on daily closes below red/blue lines....the market on daily is oversold for second time on the week(regarding stochrsi=created double bottom on indy), also we are testing demand zone created by low´wicks, and at least we should go first days of week to 1.3450...at that level take good care because the pending shorts are there, now...Good trades

G-20 Takes Harder Line on Currencies

Feb. 17 (Bloomberg) -- Group of 20 chiefs sharpened their stance against governments trying to influence exchange rates as they sought to tame speculation of a global currency war without singling out Japan for criticism.

Two days of talks between G-20 finance minis
ters and central bankers ended in Moscow yesterday with a pledge not to “target our exchange rates for competitive purposes,” according to a statement. That’s stronger than their position three months ago and leaves Japanese officials under pressure to stop publicly giving guidance on their currency’s value.


With the yen near its lowest level against the dollar since 2010, policy makers are attempting to soothe concern that some countries are trying to weaken exchange rates to spur growth through exports. The risk is a 1930s-style spiral of devaluations and protectionism if other countries retaliate to safeguard their own economies.

“Politically-motivated devaluations can’t sustainably improve competitiveness; they don’t solve structural problems and they set off reactions,” Bundesbank President Jens Weidmann said yesterday. “The clear language in the communiqué underlines this unity and will allow the debate in the future to take place with a less excited tone.”

The new commitment is probably aimed at telling the Japanese that while they can stimulate their economy, they shouldn’t point to specific yen levels as desirable, said Chris Turner, head of foreign-exchange strategy at ING Groep NV in London. While the currency may initially climb this week, it will soon resume its slide toward 100 per dollar from 93.50 as the Bank of Japan keeps easing policy, he said.

Japan has faced suspicion it’s trying to depreciate its currency, which lost about 7 percent this year as Prime Minister Shinzo Abe, who took office in December, campaigns for looser monetary policy to end 15 years of deflation.

‘Talking’ Policies

“It makes it harder for the Japanese to talk down the yen, but they will let their policies do the talking,” said Turner.

Japanese officials in Moscow denied driving down their currency, arguing its fall was a byproduct -- not a focus -- of their effort to revive the world’s third-largest economy.

“The Bank of Japan’s measures have been and will remain targeted at achieving a robust economy through stable prices,” Bank of Japan Governor Masaaki Shirakawa said yesterday. The G-20 statement is “absolutely in the same spirit as our monetary policy,” he said. Finance Minister Taro Aso said a stronger Japan would “have a positive impact on the global economy.”

‘No Censure’

“There was no censure of the Japanese attitude, which was considered a policy to develop its economy and not to intentionally devalue,” said Brazilian Finance Minister Guido Mantega, who popularized the term “currency war” in 2010.That stance won support in Moscow.

“Talk of currency wars is overblown,” said International Monetary Fund Managing Director Christine Lagarde. “People did talk about their currency worries.”

‘Pay Attention’

The Japanese defense echoes comments by U.S central bankers, who have run into criticism from emerging market officials such as Mantega for embracing stimulus, which has then undermined the dollar and strengthened other currencies.

In a nod to such complaints, the G-20 members agreed to monitor and minimize any “negative spillovers” and said that monetary policy should always be aimed at domestic needs, according to the statement.

Developed nations should “pay attention to the effects their monetary policies have on external markets,” Chinese Vice Finance Minister Zhu Guangyao told the state-run Xinhua news service from Moscow.

Federal Reserve Chairman Ben S. Bernanke said Feb. 15 in Moscow that the U.S. has deployed “domestic policy tools to advance domestic objectives,” adding that bolstering the U.S. economy will support world growth.

Unlike their American counterparts, Japanese officials including Abe have commented publicly on their exchange rate’s level, fanning speculation that they welcome its fall and that the yen’s weakness plays a part in their recovery strategy.

Japanese ruling-party lawmaker Kozo Yamamoto, who is close to Abe, said in a Feb. 14 interview it would be “appropriate” for the yen to trade at about 95-100 to the dollar. Deputy Economy Minister Yasutoshi Nishimura said on Jan. 24 that it wouldn’t be a problem if the yen reached 100.

U.S. Treasury Undersecretary Lael Brainard used a speech in Moscow to criticize “loose talk about currencies.”

Profit Shifting

The G-20 also pledged to work together to curb multinational companies’ leeway to shift profits to low-tax countries, endorsing an initiative spearheaded by the U.K, France and Germany.

“We are determined to develop measures to address base erosion and profit shifting, take necessary collective actions and look forward to the comprehensive action plan” the Organization for Economic Cooperation and Development will present in July, the G-20 said.

The Moscow meeting finished after a week of volatility in financial markets that started when the Group of Seven rich nations said on Feb. 12 that its members won’t use policies to “target exchange rates” and would focus on domestic needs. Confusion then broke out as G-7 officials bickered over whether their first joint comment on currencies since 2011 implied irritation with Japan.

‘More Rapidly’

The yen fell on Feb. 15 for the first time in four days as early drafts of the G-20 statement failed to echo the G-7’s vow. Part of the pledge was added following all-night talks in the Russian capital as the club of the largest developed and emerging economies also reiterated they will move “more rapidly” toward market-determined exchange rates and “refrain from competitive devaluation.”

The G-20 also said that while the risks to the world economy have receded, its growth remains too weak and unemployment is too high in many countries. That requires more work to create a stronger monetary and economic union in the euro area, resolve uncertainties surrounding the budgets of the U.S. and Japan and boost domestic demand in economies with large trade surpluses.


Bank of England policy maker Martin Weale sai
d in a speech yesterday that although U.K. central bankers don’t “target the exchange rate,” there is reason to tolerate any inflation resulting from the pound’s six-year decline. Japanese officials aren’t alone in accepting a cheaper currency as good for growth.

Advanced nations accepted the U.S.’s position by not setting new fiscal targets to replace those they agreed on in 2010 and which many of them are on course to miss. They pledged instead to develop “credible medium-term fiscal strategies.”


Not all G-20 policy makers want a weaker currency. Weidmann said in a Feb. 13 interview that “the exchange rate of the euro is broadly in line with fundamentals” and “you cannot really say that the euro is seriously overvalued.”

all togather

could you explain?

i agree with last 5000 bars on 5 min but definitely not on Daily weekly or monthly

please explain your analysis

those calculated average cycle periods for different TF s
micro red
main white
macro Aqua

attahed 1H CT with mean periods

just posted 1H chart
see how iit fits.

also MA s should be printed with changing averag eperiod which I should code that.
this will give more precised outllok

when MA s stands alone this what they can do.

should be combined with other tools

.

I'll not cut it off completely.. I'm not pissed off at all. It's a simple cost/benefit conclusion.

D1 with mean periods

correct way to count of
micro
main
macro

cycles

still a first grader trying to comprehend theoretic quantum physics black hole travel. could u explain in crayon?

this is the root of charts
how can I explain better

B. william fractals creates micro cycles.
microcycles creates main cycles
maincycles creates macro ones

I only coded to calculate the average period of those

posted the cycles charts sample also