Well, I´m not sure about my avatar looking cute. It´s just little ol´me, without any Photoshop retouching...

EurAnalysis

I added to my short considerably today at 1.3923. I did not mention it at the time because it was a risky trade and preferred to not influence anyone. My new average cost is 1.3868.

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Thanks Aaron, I added it to my bookmarks. Here is Olesia´s site. Her and I coincide a lot on trades. She more from the Fractals side with me using more divergences and cycles. It´s pretty amazing how many times we are on the same wave on trades ...

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Blame the messenger...

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In reality, according to John Murphy, who I learned a lot of my TA from, a break needs two consecutive closes beyond the line to be considered a true break. For those of you interested in TA, here is a link worth its weight in gold: url

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Double top was not broken. You need to close above it to consider it technically a break. That was just an intraday spike. We´ll see where we close today.

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It´s more like a crew cut than a haircut.

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With German Manufacturing PMI under 50 as of today (48.9), China will want to wait till the ECB lowers rates in the next 2 months before investing there anyway. By then, the euro will be much lower in my view.

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It looks like the euro rebound won´t even make it to the 1.3870 level I expected. It looks pretty weak here. We´ll see...

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Yours looks a lot better than mine. I wish I could get it to look like that. I am very picky about my indicators. Here is how my 200 ema on close looks:

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I couldn´t agree more.

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How come yours looks so smooth and straight? Mine is full of bumps and waggles. Do you have MT4. If I can get mine to look like that, I´ll change my 200SMA to your 200EMA.

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They seem to be approaching papa China now for money. If you were China, would you buy perifery sovereign debt to do Merkozy a favor? I have been to China 16 times, have many friends there. From what I know about them, I doubt they want to play in ...

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Euro is about to rebound now as indicated by divergences on the THV 5min chart. It will probably bounce to 1.3875/80. If it stops there, that would be a good short entry in my view.

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PT, what´s that MA in yellow I see on your daily Euro chart? Price is testing it right now.

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Here is more support for the short case. On the Daily S&P, which has been moving in tandem with the Euro in recent months, we see that price touched the 61% Fib level and was repelled quickly. The Trix is also coming out of an Extreme Overbought ...

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By the way, the last time the THV SELL signal was given on the Daily Euro chart was on August 30th of this year, and you can clearly see in the chart I posted what happened immediately after.

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2 Tremendously Important Lines in the Sand. — Analyzing the Daily chart, I find several very important factors. Price is now testing the bottom wall of the descending channel it built From May till it broke it in September. Will it reenter the ...

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Good morning everyone. While the price action today is concerning, since for a time price broke the important 139 psychological threshold, since then price has returned to under 1.39. The chart continues to show a divergent pattern on the RSI and my ...

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This was published today in the Finantial Times. url

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