going long — fundamentals are looking pretty bad for US right now. we also saw a dragonfly doji on the daily chart back on 9/11. i think longs will be good to 1.4500, just my 2 cents.

EURUSD

my understanding is that large private banks have the ability to create money as well(maybe to a lesser degree) based on loans using fractional reserve banking practices. these numbers are never made public and if it is true, it could account for ...

EURUSD

my assumption is that it works the same way our otc forex accounts work. the fed can go in either direction(long or short) just as we can with our USD forex accounts, only it's way easier for them because A) they have direct access to the interbank ...

EURUSD

this would be the long-term effect, but not the short-term in the event that the fed injects massive amounts of money into the market(and they do this often). keep in mind that if they have enough money they make the market swing in any direction ...

EURUSD

no reserves are needed, only the ability to create money out of thin air. the fed has this power and then some.

EURUSD

wow, it's not every day you see a 300 pip move in 12 hours on this pair. i've closed my short from 1.4450. keeping another short live from 1.4400. we'll see if the money masters wish this pair to fall some more before tomorrow afternoon.

EURUSD

Heading to 1.48? — If we close below 1.538X, it looks like the next big resistance level could be 1.4850ish...

EURUSD

good call. i've put another sell order in at 1.5665 to back up my previous short up at 1.5742, we'll see if it hits.

EURUSD

Looking good from yesterday's short entry at 1.5742, continuing to be cautious by trailing my stop. If the G8 analysis holds true we'll see this puppy drop some more between now and the end of the week.

EURUSD

now i've moved my stop to break-even, so worst case scenario is that it edges back up and i have to re-enter my short at possibly better price. but already up 20pips on this trade.

EURUSD

did you watch the pfx analysis? for the past 5+ years dollar strength has followed the G8. i'm not saying that this pattern can't be broken, just saying that there is a high probability it will continue.

EURUSD

i just noticed a signal on the 30 minute chart. it could blow up on me but i'll just take the loss and enter another short when it cools off again but switching to the 1hr chart. again reducing risk by keeping my s/l close.

EURUSD

Watch for reaction to G8 — I'm now short at 1.5743 with s/l at 1.5775. I hate going against the trend but dollar strength should follow G8 summit: url

EURUSD