LOL Yea, it was industrial grade so no weeds were left behind! By the way, good morning PT. Excellent analysis as usual!

EurAnalysis

Hey Swiss! Good morning. Thanks for the links. I always check DOW and S&P throughout the day but I don't normally check US Dollar index or the Bond markets. I'm going to save what you posted so I can reference it everyday. Thanks again! I agree, ...

EurAnalysis

Don't forget China's Flash Manufacturing PMI @ 47.8. Worst level since last November...

EurAnalysis

EUR/AUD — Haha, I'm long EUR/AUD I'm thinking at least 1.21445 which is the 38 retracement from the weekly swing high of 1.30291 (May 18) and the swing low of 1.16039 (July 29). It is currently sitting right below the 23 level... We might ...

EurAnalysis

Thanks for the tip.

EurAnalysis

Thanks for sharing this with us. I have a few AUD/JPY as well as AUD/USD shorts. I was actually hoping the HSBC Flash Manufacturing PMI would be the catalyst to send the AUD back in the downtrend but it was like the market didn't even care! ...

EurAnalysis

I'm not being rude but this is a very basic concept, however, it is extremely important to know. I would have to say that 99% of traders understand this concept. But the problem lies in "Timing" of when the markets go from Risk On to Risk Off. Do ...

EurAnalysis

The only problem I see with this theory is that when comparing the EUR and GLD on a weekly chart you will notice that March-July EUR was in a clear down trend. Gold was range bound...

Elliott wave outlook

There should be some sort of retracement back down, at least a little. I would sell on a retracement to try and get back to break even, or at least a little closer to it. Add: Forgot to mention, Gold is at a crucial point. The Feb-high to May-Low ...

AUD/USD

It is now above the 200 MA but this was obviously due to the FOMC minutes this morning. So it has a good chance of more upward movement as it has broken out of its channel. However, QE is already being priced into the markets so once the FED ...

AUD/USD

R1 is holding pretty nicely! I have one long from .98795 but I also have a buy order at .9810. I actually hope it doesn't get triggered. It would be nice if it started its journey to 1.04!

EurAnalysis

My Sentiment: I personally see more downward movement in the markets going forward. Reason being, I like to trade AUD/USD and I see it as a lead indicator on a global scale. Over the past several years, the Australian dollar has become a pretty ...

EurAnalysis

Ohhhh, makes sense! Can't believe I didn't think about the exchange rate... Thanks PT.

EurAnalysis

LOL. No you are definitely a very respectful and reasonable person.

EurAnalysis

This is a little off topic but could somebody tell me why some pairs give more than $10 per pip? JPY pairs normally are like $12.50 per pip. GBP/AUD also is more than 1:1 ratio. I can't find why it's like that... Also, JPY pairs seems to use less ...

EurAnalysis

Industrial Grade??? Them weeds don't stand a chance!

EurAnalysis

LOL, I also posted to make sure it wasn't me! LOL

EurAnalysis

I hope that's commercial grade!

EurAnalysis

Thanks Swiss! I wish I was trading standard lots. Right now I am only trading mini lots due to my account being a little less than $10k. Hopefully by the end of the year I will be able to trade full time.

EurAnalysis

It's going down... Finally!

EurAnalysis