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jsspmk replied Mar 8, 2010Excellent quote, absolutely correct. Trend is trader's best friend, no need for colourful charts, no need to have narrowbrokerhappy stops. Patience, proper stop placement and not over exposing are 3 main components in trading. Intraday price action ...
EURUSD
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jsspmk replied Mar 8, 2010I don't know about you guys, but IMO that FT article is spot on & makes a strong case for Euro to keep falling. Basically high Euro will make Eurozone's problems increase. Pair that with uncertainty about Eurozone's future alliance & you ask ...
EURUSD
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jsspmk replied Mar 8, 2010To make a long term low there has to be some sort of flush and/or basing period on the monthly chart. So far neither has taken place. So Euro remains in a bear trend. If you involve daily chart's efforts to hold low + some updrift attempts you have ...
EURUSD
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jsspmk replied Mar 8, 2010Stock markets are expected to have an ongoing upside, so when short sellers pile on big positions that adds oil to fire, stock markets tumble & confidence is lost. The thinking behind a possible ban is that sell offs will be less volatile if only ...
EURUSD
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jsspmk replied Mar 8, 2010Re Sarkozy's comment. Short selling will be banned it stocks in the future, US already imposed a temporary ban, Europe will follow.
EURUSD
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jsspmk replied Mar 7, 2010Next big move is in the USDJPY, currently very low volatility (+), very close to major support (+), divergence on monthly chart (+). Will be betting the farm on this one.
EURUSD
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jsspmk replied Mar 6, 2010It pays to be conservative, sell weakness in bear phases and buy strength in bull markets. To me Euro both fundamentally & technically is in a classic bear trend, therefore to me a possibility of a bounce is not as lucrative of a proposal as selling ...
EURUSD
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jsspmk replied Mar 6, 2010I didn't say 4 of them were bearish, I said in a downtrend you need at least a strong hammer or engulfing formation to consider a contrarian approach.
EURUSD
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jsspmk replied Mar 6, 20101. Trend's down 2. Euro is selling off because of rebalancing rather than Greece 3. On your weekly chart there is nothing bullish, apart from 1.34s holding support.
EURUSD
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jsspmk replied Mar 6, 2010Stock markets need low USD was headline for a while. But USD can rally alongside stock markets, check out USD performance alongside S&P500. In fact USD has put in a higher low on its monthly chart. MACD has also been steadily rising on the monthly ...
EURUSD
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jsspmk replied Mar 4, 2010yes and no, usd index includes other currencies in it, so oscillations will not be mirrored always, but if USD index is in a bull trend, then Euro is in a bear trend.
EURUSD