Good morning. EURUSD continues to test the bottom wall of the wedge without breaking it, but without the expected bounce off it either. Divergences in the Trix and RSI continue and the RSI is still above the ascending trendline. Technically the ...

EurAnalysis

Yes. 1) We Held the double bottom. 2) We closed strongly. 3) We now need a strong Japanese session and tomorrow we´ll celebrate.

EurAnalysis

Exactly.

EurAnalysis

The most important factor is to be relaxed and cool while you trade. If you feel any stress at all, you have too much money on the line and you need to drop your leverage or your margin level.

EurAnalysis

No. For a 100.000 account I have total orders open at any one time of 25.000 maximum at 50:1 leverage. I rarely allow my margin level to drop below 200% and NEVER under 100%. I will close positions if that happens. If you are interested I can send ...

EurAnalysis

I use two accounts. One on a M5 for scalp trades and the other a H4 for position trades that average 2 to 3 days. Your second question depends on many factors not easily explained here.

EurAnalysis

By the way, this brings up an interesting point: What leverage do you guys use? What monthly return do you average? I use 50% and my return average is about 55% per month. Just curious...

EurAnalysis

Technically you are right, but I need to see a clean double bottom here, followed by a strong close, followed by a strong Japanese session for my scenario to be fully in the works.

EurAnalysis

Yes, but no... We need this double bottom to hold.

EurAnalysis

I really dont think we will. my wedge shall remain undaunted !! We´ll see...

EurAnalysis

I will be very surprised if we do and I would humbly kneel to your wisdom. I do anyway, but even more...

EurAnalysis

Other parties will try the anti Europe card, but we all know that card means Depression. You can be sure that will be ingrained in the German populace before the elections. The Germans are pretty good at it. In the end, the end of Europe and the ...

EurAnalysis

She will be the savior before her elections. This will be for Merkel what the Falklands were for Thatcher. Mark my words...

EurAnalysis

She wants the Treaty changes to be radical. Saying yes to Eurobonds right now would not get her anything. In the end, I believe that will be the tradeoff. Anyway... We now have the double bottom.

EurAnalysis

We still need that double bottom you and I are expecting, before we take off.

EurAnalysis

And, Yes... Tom D Trader, Goldman Sachs is probably behind the whole thing...

EurAnalysis

Also, by puting the PIIGS against the economic wall, the Germans are getting new governements that are much more aligned with their economic views as one after another, profligate governments fall by the wayside. If you think about it, it is a ...

EurAnalysis

The tradeoff for the Germans accepting eurobonds will be much stricter meddling and controls of peripheral countries´ economic policies, so I don´t think it will be that difficult a sell. I really believe cynically that the Germans know this is the ...

EurAnalysis

Eurobonds — The way I figure this, the resulting interest rate for eurobonds should be somewhere in the neighborhood of 3.5 to 4%. Germany would be paying 2% or 3% higher rates, but the lower rates paid by most other EZ countries would ...

EurAnalysis