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jsspmk replied Mar 9, 2010Have a look at USD index weekly chart's MACD, it suggests miles to go yet (upside).
EURUSD
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jsspmk replied Mar 9, 2010And what has to be noted is again the discount rate increase in USD recently. In layman's terms that means currency rebalancing. USD attracting investors into USD, whilst Eurozone profits from lower EUR rates.
EURUSD
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jsspmk replied Mar 9, 2010TA 101 Monthly - failure swing from 11-12/2009, rising trend line around 1.27-1.3. Monthly MACD histogram is declining towards centreline. Eco/political calls for EUR to debase. A break of 1.27 makes H&S in Euro and parity with USD would be next. ...
EURUSD
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jsspmk replied Mar 9, 2010There's a very good expression that bottom lines this from me: Price oscillates, trend persists Which one you choose to be with is a personal matter, but statistically people that go with trends 'outlive' people that want to trade every turn.
EURUSD
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jsspmk replied Mar 9, 2010He is a USD bear, not bull. What if USD is not ready to be used as toilet paper?
EURUSD
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jsspmk replied Mar 9, 2010Read FT & the like, GBP & Euro parity with USD is around the corner. Personally, I don't know what will happen, yet 1.25 for EUR is closer than one might think.
EURUSD
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jsspmk replied Mar 9, 2010CDS Market will collapse one day, as more entities declare themselves bankrupt. Trouble is it will most likely triger a chain reaction.
EURUSD
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jsspmk replied Mar 9, 2010There is a very good article in the FT right now about local councils in Europe & their participation in The derivatives market. Forex On The Go is a very good free app for the iPhone, I hardly use my PC nowadays.
EURUSD
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jsspmk replied Mar 9, 2010I am not being disrespectful by pointing out the obvious. If you daytrade intraday charts, then you are inviting danger with open arms. Intraday order flow is random, sometimes it may seem logical, but mostly it is 50/50, hence there has been no ...
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jsspmk replied Mar 9, 2010Ahh, so you wait for a green light to walk across, protected by the lights.
EURUSD
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jsspmk replied Mar 9, 2010So that's like saying I am not waiting for lights to turn green, I need to beat them all & be first at the next lights by going on red. No?
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jsspmk replied Mar 9, 2010I think, it looks, it feels, it may, I sense, I heard...all wrong. Only trading in direction of predominant trend is correct. Only 1 direction=1 decision. Trend protects positions that were mistimed, yet in trend's direction. Look at monthly & ...
EURUSD
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jsspmk replied Mar 9, 2010Btw how much fuel is in that rocket? Where's your stop? (PITA question, I know)
EURUSD
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jsspmk replied Mar 9, 2010Ultimately, when the world will be on its knees debt rope round neck there will be the time when world leaders united led by the USofA will accuse speculators for all that mess, they will be prosecuted & locked away if they are lucky. That's how it ...
EURUSD
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jsspmk replied Mar 9, 2010Monthly charts in Euro, Gbp & Yen look dangerously bearish. That is a big chart. I wouldn't hold any longs over night. A big sell off is on the way, unless there is some sort of news from central banks to delay or negate it.
EURUSD
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jsspmk replied Mar 9, 2010On the 4 hour chart we have 4 higher lows & 4 higher highs, they are followed by a lower high or a failure swing, that is 1st signal to resume short trade. More careful traders will wait for daily chart. Meant to say 3 lows & 3 highs
EURUSD
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jsspmk replied Mar 9, 2010Trend is best friend, put it on the wall. February high hasn't been touched, that is one of the easiest ways to confirm predominant trend. The ones that have researched TA know that possible bounces in downtrends are to be left alone & only when ...
EURUSD