EURUSD

I had to but PA made it almost impossible by creating strong sell signal. That's why I said "No way"

Just got home, took profit triggered from 21 and reversed it, not very smart idea looking from time perspective, but i think it has potential

We can never know the reasons, so I just explain it as "the big boys are selling" or "the big boys are buying" . So try to find the current trend of the pair and follow the trend's movement. Always use stop losses (I use safe SL of around 150 pips; my trade lasts for days) and make a target to take profit. Then the economic events with sudden up/down movement of the price won't hurt your heart.

at friday near the close of US Session markets the prices are still stuck in the shape of green area
at Monday's will the price break down the shape and continue the movement down or be stuck in that area and resumed the upward movement

Its amazing how fast the bad NFP effects were dissipated by the market. It took only 3 days :

EU_My five charts' worth_18.01.14


I’m a little interested in the tentative-advertised news next week from Germany’s constitutional court. In short, it is a ruling upon whether the ECB's Outright Monetary Transactions policy breaks the German Parliament's right to control the country’s budget.

We have seen in the last two years that funding the ESM was ruled to not contravene the German constitution… a decision that rode roughshod over a German court ruling that German fiscal laws had been broken by buying bonds from around this circus of a union.

However, this ruling next week, and one that is much anticipated, is aimed at putting a cap on the ‘unlimited’ nature of such debt collection via what must surely be a disgruntled German population. One that decries that their pensions and public services are being reduced in order to pay for non-productivity and 2-hour siestas elsewhere in ClubClown.

It's not as sensational as you might expect, because the German government read and agreed upon the ESM-contracts. It's something to sooth the public and push through media for weeks to come. The German population fights their fights on the couch, with beer, poptato chips and a remote control.

Agreed, but with the kneejerk reactions of money, it may prove to be another little bump in the road that can be used to help out the passage of the other vehicle trying to pick up steam across the Atlantic.

Europe have just allowed the voters to elect the leader that those that pull the real strings, want to see at the cashier's desk, and so I think it is now time for the US voters to be directed similarly.

As for apathy... twas ever thus.

In my opinion, the NFP report played out as it does many times. Big money moves prices one way to load up before moving them the other way. I wouldn't say the effects were dissipated quickly, but rather the NFP responded the way it should have, only 3 days later.

Hi there,

a simple weekly vision with a Donchian channel

A close up of the simple view of the weekly (2013 + JAN14)

1,5 month 4hrs chart of Eurusd (in blue) vs Bund Futures (march14 w/ volume). Some confluence in December13 but oppposing stances now resumed?.

Personally, i was expecting a bigger trend moving upward. The economic data that were release during this week were not that good. The fundies are against that rise for the USD right now.

This is my view for euro for next week, or weeks.

Im bullish.

Ofcourse , that doesnt mean euro will go straight up.

Im not trying to explain much, i just want to point out that we trading above suport; just do your own research and compare with mine, lets see what we can get.

I have one short position @ 3594, and 2 longs: 3570 and 3530

I will add another one prolly around 3470 if i see it.

cheers!

Well, Euro is at a reverse point Daily chart wise ( technically speaking). So, i would really wait for an opportunity to buy near / at 1.352X for a target minimum 1.39X

In my recent effort to simplify: i will let the chart do the talking

* Risk to the downside is : 1.34 ( price is too close to run away of it )

My Simple Analyze for EUR/USD Monday 20 January 2014


I draw 2 Last Wave on EUR / USD, Green Wave is the wave up, Red wave is the wave DOWN. we can view the red wave as a wave correction of Wave UP or we can view as a wave down,
if we want to open a position by following the two-way wave then:
# Level to seek open SELL position as close as possible red horizontal stripes if we want to follow the Red Wave DOWN
# Level to seek open BUY position as close to the blue horizontal stripes if we want to follow the Green Wave UP

We are at a strong resistance level. Breaking that level wont be easy, but if we do, it will be for a good ride :

It’s often the little pictures that reveal the view of the panoramic. My last Sunday in China was a good example of such.

Ambling on foot around some distressed street that I did not know, could never hope to be able to pronounce, and which was not shown on the suggested walking routes imprinted upon the map that I had received from my good man at the hotel’s concierge desk, I stumbled across an old lady. She appeared to be 70 years-old, but given her apparent state of survival, could well have been only 50. Maybe less.

Regardless, she was, in my opinion, of an age that has missed out on the Chinese policy of state education for all, and as such, was bent over a small table whilst desoldering components from a huge pile of electronic boards. Her hands were black, her hair all over the place, and her clothing, at my best description, more tattered and yellow than her rotting teeth. I know her teeth were this condition because she smiled as I mosied on by the plume of poverty that surrounded her.

Once back in the much-appreciated comfort of corporation-provided five star, I then began to read of the bank-buddy bandit from Brussels – José Manuel Barroso – declaring, from Greece, of all places, that the crisis in Europe is over. I nearly choked on my cappuccino. A reaction not missed by those members of staff that, present in the top floor VIP lounge, waited dutifully to attend to every whim of the yáng guǐzi… that’s foreign devil. Members of staff that were all female, subservient to the point of annoying, and all of whom had porcelain-coloured features that I am convinced are a result of them being locked in darkness when not on duty - their complexions would suggest that they are not allowed to venture outside of the hotel, and thus allow their angelic faces to be tainted by the defiling smog, let alone any sunlight that might happen to break through and give the population a much-needed infusion of Vitamin D.

Recomposed with a few smiles from these seraphic faces that, I assume, were disguising their wrath at receiving only a dollar a day to be in deferential waiting to the barbarian from Britain, I returned my attention back to Barroso. Wanting to shout out to him that I think that the problems within Europe have just begun, I remembered the comportment expected of me whilst within such opulent surroundings. As such, I subtly requested, by way of a discreet index finger, that a fresh cappuccino be enjoyed - courtesy of the bill that many who may be reading this little ditty, will have helped my corporation to pay for - before taking a further perusal of my complimentary newspapers.

I then began to muse over how with still six months to go, some 10 million Chinese students, all of them 18 years in age, were preparing to take their study books back home with them for the Chinese New Year. A dedication to aspiration that I quickly linked to the old lady being wasted out in the street, as she ran a little business of scrap metal collection, and also electronic component reclamation for sale to backstreet gadget manufacturers. It’s good to know that things are being recycled…

You see, behind her, and in what could be best explained as a garage, but which was also obviously her home, sat a young girl, working industriously over some books. A sight that I am familiar with. Just like how I am acquainted with the importance of education in China, and also of the growing millions within this nation that take the Gaokao – entrance exam for Chinese University. I am also aware of how even the poorest of people have the desire to support their family’s futures. And rightly bloody so. And which made me think that perhaps the smile that was so freely given to me, was an acknowledgement that even though the old lady’s situation seemed cripplingly dire, her hopes and dreams for her family were not.

Which may be more than can be said for parents within Europe.

Sure, many may be fooled by the proclamation that unemployment levels are stabilising, even falling, within Europe, but the quality of this assertion is contaminated by the fact that the rules and metrics for measuring misery for the masses are changing. More so for the young, as this demographic are increasingly being denied the opportunity to be registered as surplus to requirement, nor be eligible for inclusion within government recognition of their plight. As for receiving unemployment status, and subsequent assistance, it seems to be getting harder for them, and which may further explain the falling unemployment figures... the exodus of the willing and able, from Europe, as they seek recognition elsewhere, also a factor for contribution in the good news printed from the political pulpit.

Where the young of Europe are heading to, it is difficult to say, as they are discovering that not only are they competing against fellow Europeans that have been sold the idea of a certain standard of living that they cannot afford to purchase, but that they are also competing against the 10 million annual graduates from China. Most of whom are prepared, or simply have no choice other, than to live in squalid factory dormitories, and survive on a bowl of rice a day and two hours of ‘social’ recharge via Weibo.

And this must be a scary thought for many elsewhere, as the red army of academia represent a workforce that is prepared to toil for far less, and far longer, than the cleaner in the traditional West who holds in one hand, a PhD in chemistry, and in the other, a mop and bucket to clean up their broken energy.

Indeed, so strong is the onslaught from China to surrender its youth to rapacious global corporatism, that these foot soldiers of the brave new world have little to no time for ‘real’ social interaction, as they spend almost every waking moment studying to pass the Gaokao. And if that seems like poor dedication to some, consider that there are still others, as was reported recently, who attend a classroom in China that provides energy-boosting amino acids to their students – available via intravenous drips that are hung from the ceiling!

It is with this thought in mind that I scoff at the false prescriptions given by the administrators of Europe; a fractured false promise for so many, and one that, rotting beneath its surface, is unable to contain the evolution transpiring within the East.

Marvelous......very nice 45condor, very nice in deed........thanks for this post........

I vitelli dei romani sono belli What does it mean?