EURUSD

why

banked partial on aussie, let the rest run.

Precisely because the good half of my losses were due to LL and HH of NY. And that until you mentioned this point last year. And now, that changed completely my DD management. That's even better, my entries are improved. Kudos.

the problem is that you do not know when New York guys are going to stop making newer LL and HH.

it is fucking rediculous they can move the US stock market up and down with ease.

Generally, they make you believe that a good support are resistance is broken and that your trade is lost and that's better for you to give up. Usually they take near 1 hour.

it is even more rediculous when you are told the whole market is not rigged, not manipulated, no stop runs, and so forth.

right. in certain circumstances that's exactly where I enter for a small s/l.

it's not really NY, it's PA in general.. it has to do with ranges, but that's an entire theory.. I've described it here many times... whoever had ears to listen... most were focused on deciphering the mofu crap.. anyway.

yeah, that is what I think. Even in New York session, there are still Japanese and European banks operating in New York.

if they let the stock market index futures open to run overnight, let the fucking stock market itself open to run overnight.

those fucking crooks close the stock market at night, but let the index futures open to run overnight so that they can manipulate the stock market overnight with futures. Next morning when everybody wakes up for the stock market to open, get shocked to see the market gapped up or down huge with the futures.

EURUSD chart from Morgan stanley with rationale to short

WTF happened to NFP data 74k ?? huh ..did they forget to add `2` in front of 74k ..manipulated data .lol hahaha ...manipulation everywhere

Definitely can't go long on that.

yeah true ...I like this story very much
http://theeconomiccollapseblog.com/a...y-of-the-world

Good morning,


It most certainly is, and I never cease to be amazed at the interesting contrasts out here in the ‘Big Smog’. Oops, sorry, I suppose that should read something like ‘Big Smoke’… which in itself is just as functional as a description of the particulate air polluting my alveoli.

Anyway, take, for example, the meal that I was invited to yesterday evening. Billed as a traditional feast that was to be a surprise for me, I spent the majority of my day drooling at my place of work, whilst all the staff around me built up my anticipation during the day’s toil. With, I will add, many of them decrying their lack of invitation to join Jonny Foreigner for the end of week one of work celebration… I think that they just wanted to continue to chatter at about a hundred miles an hour, in Cantonese, and occasionally turn to me, smile, and probably think to themselves, “Yeah, you ain’t got a clue what I’m saying about you.” If I tried to reply, all went quiet, and then there was a pause of what I believe is polite, but nonetheless feigned contemplation, before a guttural crescendo of hmms was delivered back to me.

I don’t think we are going to be able to understand a word between us.

And so, the meal: I was led into a typically private room within a typical Chinese restaurant, and therefore was quickly trapped around a circular table. After this, the young waitress, that looked about ten, deferentially took her instructions from Mr. Yang – the big cheese from where I am working. She quickly, and without any sound, then bowed her way out of the room, before being heard to heckle down to the kitchen for the food to be prepared.

After this divergence in decorum, she quietly returned inside the room, and promptly began to serve the ‘team’ with a bottle of Red Star vodka.

Bugger me, if the pollution doesn’t strip the lining from one’s oesophagus, that stuff most certainly will. But then again, it may have been intentionally served as a preparatory entrée, before the first solid course; which duly arrived not ten minutes later. When you read of what was to be eaten, you may think that this liquid entrée was actually an antiseptic.

Served upon a large plate covered by a stainless steel dome, it was to the guest of apparent honour that the young waitress faced as she took the dome off of the plate.

I’m expecting Tiger penis, Bear bile, or other such delicacy that I’m morally opposed to… not to mention, probably unable to keep within my stomach. But no, I see Chicken feet. Inverted, and stuffed into a bed of rice. A bed of rice that’s too thin to be hiding any other part of the Chicken. Damn.

If this lack of substance to the claim of prosperity wasn’t deflating enough. I was then shown how to take one of these feet between finger and thumb, and then suck – from the broken leg end – the juice contained within. I’m sure I gagged as I tried to swallow.

Anyway, I’ve been enjoying the other contrast here… which is that of prosperity. Whereas back on the farm in France, it’s all misery and complaint from the citizens of a nation that, according to the latest global anti-depressants sales, are the most pessimistic nation in the world. Here, it’s shop until to drop as they excitedly enjoy what, according to the China Daily newspaper, is a surging prosperity that has once again been fuelled with an increase in foreign trade.

And to ensure that this continues, the Chinese Government have announced that they will lower the price of petrol and diesel… you know, in order to give citizens a little more disposable income to pump into the miracle in front of one’s eyes, and which actually burns them if one steps out of the door of any building over here.

Right, I’m off for breakfast. And no, I’m not going local today. It’s detox on bran flakes and some fresh milk. Although there’s fresh strawberries and freshly whipped cream every morning, as well a menu selection that would put most European’s dinner menus to shame.

EU_My three charts' worth_10.01.14

Well, now that the joke of NFP is out of the way - true numbers hidden behind those dropping out of the labour market, the rise in temporary jobs for December, and all the rest of the non-stated reasons for the current employment stats - I'm looking to next week, and see little in the way of major news coming out of the circus of Europe.

I'm staying with my suspicion that that spike a few weeks ago onto the descending magenta TL is telling, and maybe indicates a top for the next quarter or so.

Respect!

Ok, here's where I have a problem with this.... Here's an institution that I am competing against (when you think of it, WE ALL ARE), telling me what THEY think should be done with a currency pair. What's wrong with this picture? It's like going to a PAWN SHOP, or any other entity looking to sell an item for profit and they ask you... "how much did you pay for it?". LOL.. uh...ya. I'm going to tell you so you can low ball me. Ok,... just me throwin' that out there. I'll stick to my charts and let them tell me what I should be doing. This is WAR!!!! Not a.... "there's money to go around for everyone"... Mary Poppins Story.

No harm meant. Not " Mine is bigger than yours"....etc etc.... just sayin'.

Happy Trading.

For fun

March 2013


January 2014



ETA: Simply replace the 200 EMA with fib level. Support resistances are simply groups of traders who bought/sold at that level based on their interpretation of the tea leaves. It doesn't matter what their belief systems were so looking for similarity and confluence is all that matters. This is the only week of last year where the PA is so similar. How far will this similarity persist? Your guess as good as mine.