EurAnalysis

brother can i add you as a friend . . . i am new in this forum and in forex . can u help me in trading specially in eurusd brother thanks waiting for your reply

ex: of bad news..
Oh wonderful - the "Cyprus solution" can now be "replicated" everywhere in Europe.
This plan will now be submitted to the European Parliament for final approval. The goal is to have this plan finalized by the end of this year.
If you have a bank account in Europe with over 100,000 euros in it, get your money out now.
I am not sure how else to say it.
In Cyprus, there were retirees and small businesses that lost hundreds of thousands of euros overnight.
Do not let that happen to you.
And without a doubt, we are going to see a lot of banks fail in Europe over the next few years. This will especially be true once the next great financial crisis strikes.
But even though we haven't even gotten to the next great financial crisis yet, the economic depression in Europe just continues to get even worse. Just consider these facts...
-Car sales in Europe have hit a 20 year low.
-Overall, the unemployment rate in the eurozone is sitting at 12.2 percent. That is a brand new all-time record high.
-An average of 134 retail outlets are shutting down in Italy every single day. Overall, 224,000 retail establishments have closed down in Italy since 2008.
-It is being projected that Italy will need to ask for an EU bailout within 6 months.
-Consumer confidence in France has dropped to an all-time low.
-The unemployment rate in France is up to 10.4 percent. That is the highest that it has been in 15 years.
-Government is now responsible for 57 percent of all economic output in France.
-In May, household lending in Europe declined at the fastest pace in 11 months.
-During the first quarter, disposable income in the UK declined at the fastest pace in 25 years.
-It is being projected that the unemployment rate in Spain will hit 28.5 percent next year.
-Just a few years ago, the percentage of bad loans in Spain was under 2 percent. Now it is sitting at 10.87 percent.
-The national debt in Spain has grown by 19.1 percent over the past 12 months alone.
-The Greek government says that the Greek economy will shrink by 4.5 percent this year.
-It is being projected that the unemployment rate in Greece will rise to 30 percent in 2014.
And it certainly does not help that China has essentially declared a trade war on Europe. That is not going to help struggling European industries at all.
I hope that more Americans will start paying attention to what is happening in Europe. The crippling economic problems that are sweeping across that continent will come here too.
And at some point there is a very good chance that we will also see Cyprus-style bank account confiscation in this country.
So don't put all of your eggs in one basket. It is good to have your assets spread around a bunch of different places. That makes it much harder for them to be wiped out all at once.
What we are watching in Europe right now is really unprecedented in modern times. They are declaring open season on large bank deposits. In the end, a lot of people in Europe are going to lose a lot of money.
Make sure that you are not one of them.

Bingo!!!
The facts don't lie, unlike the jaw-boners in Brussels and Frankfurt.

I am reloading on my "Short the Equity index" campaign.
Short at 1642.9

Reason being that price has just entered a nice supply zone in the area of a 61.8 to 78.6 fibo retrace area from the last swoon.
I consider this a PA retest to carve out a lower high before more significant downside
In EW terms, this retest is wave B of the yet to be carved out ABC correction.
I am targeting the low 1500s to high 1400s
Will continue to add more shorts as things progress.
My stop will be a weekly close above the 1687 high

SP500 Daily

Attached Image (click to enlarge)

On E/U I am looking to add more shorts.
First at 1.2940 which has previously offered both support and resistance
and again in the 1.3020 area which has also offered historical support and resistance
I believe that the next surge downwards will crack this 1.2810 neckline and I'll be bring out Maxwell the Pig again.

E/U H4

took a long GBP/USD 1.4875 earlier today, just closed it - feels like we will hit the bottom in NY trading hours

I don't think so..but G/L

15 MIN form to the upper side but just my 2 cent..

Very nice, next low will complete a cycle

heavy wind now ... hopefully the gay guys will fall

It's just a matter of time. Cable is right on the brink of a tasty stop run.

Euro and Cable daily bars have both engulfed.

I LOVE THIS F***ING THREAD



Thanks everyone on it for stopping me from going chart crazy......

I'm a little disappointed that we didn't get enough of a retrace to trigger my sell limits in the low 1.29xx zone, but I take comfort in the fact that the 1.2810 neckline has been broken, we have a daily candle engulf (actually we have a daily outside bar reversal signal) and that I am already sufficiently short from 1.3390, 1.3360 and 1.3195

Next target should be 1.2745 area and we will probably see a bounce from there to confirm this break via a retest of 1.2810.

hi, PT
do you have a view on the USD-JPY ?
i really appreciate if you willing devide it to me, thanks...

Reading the USD/JPY at this point is like reading tea leaves. However I do expect that a correction is due before more upside towards 110.xx

The area I have identified for a possible pullback is between 97.5 and 98.0.

Once we get there, I am ready and willing to start adding to my current long positions.

Obviously there is no guarantee that we will actually correct and may just keep heading up from here, and that is why I do not recommend a sell. Only buy on dips under 98 or on a break and pullback of the highs.