Regarding USD, yes, I expect it to flounder. We could well break the neckline on the daily USD Index Head & Shoulders. See attached. Fundamentally, the reasons behind my price projections are quite simple: 1- Enormous amounts of liquidity injected ...

EurAnalysis

Thanks. I read your analysis. I am on the other side of that trade now. I needed to see how EurUsd reacted upon test of 1.30. It held nicely, along with the 50 MA on the daily, which is moving higher. I am now long all the way. my projected price ...

EurAnalysis

Fundamentally, the reasons behind these projections are quite simple: 1- Enormous amounts of liquidity injected by all Central Banks. The world is swimming in money. 2- Historically high Bond prices and low yields will attract less money to the bond ...

Third Screen Strategy - Dr. Alexander Elder

I crosscheck many indicators and time frames and the picture they are painting, point to these numbers. Regarding USD, yes, I expect it to flounder. We could well break the neckline on the daily USD Index Head & Shoulders. See attached. We´ll see...

Third Screen Strategy - Dr. Alexander Elder

Thanks. I read your analysis. I am on the other side of that trade now. I needed to see how EurUsd reacted upon test of 1.30. It held nicely, along with the 50 MA on the daily, which is moving higher. I am now long all the way. my projected price ...

Third Screen Strategy - Dr. Alexander Elder

Everything you just stated makes total, perfect sense. That´s why it probably won´t happen. I was shorting EurUsd till it tested 1.30. It did so this morning. I now think we are going higher on Eur, Aud, Gbp, Nzd, S&P500. etc. Gold may not be ...

EurAnalysis

I think we are going higher to new highs. "Don´t Fight the FED..."

EurAnalysis

I agree there is a clear disconnect between Gold and S&P500. This has happened temporarily in the past until they line up again. It will be so again this time. Probably Gold catching up with S&P500. I don´t think this stock market wants to come ...

EurAnalysis

Because you love it... I know, it doesn´t make sense, but it´s in your blood...

EurAnalysis

Tsar, where can I get this indicator? Thanks.

GBP/USD and EUR/USD

A concise and effective trading instruction manual. Follow these 5 points and you will make money while staying out of trouble. Great job, PT. This is a keeper.

EurAnalysis

Yes. I noticed the USDX H&S. Yesterday´s and today´s candles point to a rebound in USD. I bet S&P500 will break the neckline, though. We´ll see...

EurAnalysis

Check out the Head & Shoulders that has formed on the H1 chart on S&P500.

EurAnalysis

Your Hedge is a good way to stay in the game till "reason" again prevails, if there is such a thing in Forex. I´m adding to my short every 100 pips, bringing my average entry price higher. An advantage of leaving yourself plenty of room in your ...

EurAnalysis

I agree. Don´t forget NZDUSD. The mother of all overbought pairs. I started shorting it at the Bernanke top on Wednesday. Currently BE.

EurAnalysis

Pretty much the same here but I don´t have the patience to hold for that long. I have entered short and exited umpteen times in the past 18 months. The channel in the chart attached has served me well and made me a bucketful of pips. Entering near ...

EurAnalysis

Well, I´m heavily short, so I guess that means I would sell here. I´m not adding, though. I want to see how it acts when it breaks the Sept. high. Will there be follow through? That´s the question...

EurAnalysis

I agree. Tiny leverage doesn´t get you far. Leverage is like a custom made suit. It has to fit your character as well as your trading style. My comfort zone is 50:1

EurAnalysis

Yes sir. That´s why low leverage and small percentage positions are key. They not only keep you out of trouble, they also allow you to profit from days like October 27th, 2011.

EurAnalysis

Good analysis. Yes, normally QE will weaken a currency, but USD is the premier safe haven. Maybe the only one. Regardless of the fiscal cliff situation, which clearly entails risk, there is the reality settling in that the Fed is rapidly running out ...

EurAnalysis