I agree that we have problems right now, but are they actually worse then what happened literally weeks before the 2008 election? Markets were dropping for 3 months straight right into the 2008 elections... This may just be my opinion but I bet ...

EurAnalysis

Yea but like I said, the elections didn't do anything the last 2 terms when looking at Daily candles. This year shouldn't be any different... But you're right, it's simply speculation. But isn't it always?

EurAnalysis

I see a nice 4 Hour TL so a buy at this level would be good for at least 100 pips up. Maybe a little more... I'm definitely not bullish on the EUR long term but the more it moves in one direction (DOWN) in a straight line the sharper the move will ...

EurAnalysis

Yea tell me about it... Nothing is telling me that ALL markets should be moving straight down the way they have been. US elections are not the catalyst for a major sell off when looking at past elections affects on the markets. I'm calling BEAR TRAP ...

EurAnalysis

No prob Dab. I actually took a look at a few Daily candles on multiple currency pairs after Ken posted in the AUD thread. Even FF doesn't have US elections as a "High Impact" event, it is a "Medium Impact" event. This is probably due to the fact ...

Australian Bear Raid

Scaling in one more Sell position for EUR/AUD. Sold @ 1.2284

Third Screen Strategy - Dr. Alexander Elder

Looking back at 2004 and 2008 AUD/USD Daily candles, there was really nothing "abnormal" about them. 2008 was a little more choppy but that was literally at the time of the financial crisis. However, 2004 Daily candle was perfectly "normal" as far ...

Australian Bear Raid

I never once said to rely "solely" on support resistance zones. There are obviously trend lines, candlestick patterns. But the larger the time frame the more significant they are whether they are trend lines, candle stick patterns, or support / ...

AUD/USD

Best ways from my experience would be to draw out MAJOR Support & Resistance "zones" from the Weekly and Monthly charts. The Support and Resistance "zones" are a trader's best chance that price is going to stop, and sooner than later, will reverse. ...

AUD/USD

I suppose picking tops and trend reversals is a little similar to catching a falling knife. I would rather wait for the knife to fall and then pick it up...

AUD/USD

Unfortunately so many people try to either fight the current trend or pick the tops, both choices result in losses...

AUD/USD

Technical Analysis Summary — Real-Time Technical Analysis Summary

Third Screen Strategy - Dr. Alexander Elder

EUR/AUD - Sell Confirmation — Just placed a Sell order for EUR/AUD. MACD: D1 showing Down Trend on EUR/AUD Williams %: H1 just hit "over bought" territory. Sell: 1.227 SL: 1.2437 (160) TP: 1.1977 (300)

Third Screen Strategy - Dr. Alexander Elder

AUD/JPY - PASR — Price Action is suggesting AUD/JPY is heading up to next major resistance which sits at 88.50 or so. I will look to keep buying on pullbacks when Williams % shows "over sold" on the H1 time frame. EUR/AUD and GBP/AUD have ...

AUD/USD

Yep, pretty boring day... AUD was the biggest mover and it still only moved about 80 pips from top to bottom. Well, Oil and Gold moved the most so far but they don't count...

EurAnalysis

Considering the fact that there are no other reserve currency contenders USD would probably hold it's safe haven status if something of that nature were to happen. Thanks for your input PT even if it there was no real definitive answer... ...

EurAnalysis

If US falls off the fiscal cliff somewhere down the road then wouldn't that send the USD down into the abyss? I understand USD benefits from chaos / catastrophic events but I would think that a fiscal cliff problem would crush the dollar as it is ...

EurAnalysis

Ahhh... FF thinking ahead...

EurAnalysis

I just noticed that on FF Calendar US Presidential Elections and Congressional Elections are only "Medium Impact" news events... Why wouldn't they be "High Impact" events? I noticed not much impact on 2004 and 2008 daily candles but it seems like it ...

EurAnalysis