Stupid slippage — Earlier today I decided to get out a bit and have some fun. Before I left I decided to move my sell limit order from the previously mentioned 1.3350 to 1.3360 Okay so all good so far. While I was out having some fun, I was ...

EurAnalysis

Japan to buy more Euro bailout bonds according to Nikkei If the above is true and it happens today or tomorrow, it may get us our decent correction.

EurAnalysis

Yep it sure has. I have a sell limit order at 1.3350. That's my comfort shorting price. We'll see how NY closes. If price does not reach that high, I will reconsider taking a lower price. We'll see.

EurAnalysis

LOL. You wold certainly be loaded

14 Year Old Forex Trader's Lessons

Here's an inside bar and below it is an outside bar .

14 Year Old Forex Trader's Lessons

Excellent move Chris. Congrats

EurAnalysis

What's your target? 1.3230?

EurAnalysis

We finally have a nice correction forming and it has come a long way up in just one hour. However, I am waiting as I don't think the correction is done yet. Even if it is, it is still too expensive for me to go short again quite yet. Here's my ...

EurAnalysis

Market talk of Swiss names buying EUR/USD - Unconfirmed rumors making the rounds also of the eurchf floor moving to 1.3000 SNB say they have no comment about change in floor to 1.3000 Normally when an authority has "no comment" about a rumor, it ...

EurAnalysis

Another rumor about the SNB raising the floor to 1.30 This is also booting the euro as EUR/CHF is being bid upwards. Last time this happened, the euro took a dive after they were done by using the Euros to buy USD. Will be interesting to see how ...

EurAnalysis

Bernanke is currently testifying. See it on CNBC

EurAnalysis

Thanks for your excellent post PipKiller Hope you had a good breakfast coz it's going to be an interesting day. I think we are forming a base at 1.3150 but then I thought that yesterday also at 1.3310 and look what happened, despite good econ data. ...

EurAnalysis

Market Update — All technical indicators say we are oversold so a corrective move to the upside is due. However, there is no fundamental support for this at this time, so we shall have to wait and see what happens when Wall St. traders hit the ...

14 Year Old Forex Trader's Lessons

Market Update — All technical indicators say we are oversold so a corrective move to the upside is due. However, there is no fundamental support for this at this time, so we shall have to wait and see what happens when Wall St. traders hit the ...

EurAnalysis

I find my emas give me a visual reference of where we are in a swing. I certainly do not use them as part of my trading strategy but they do help with getting a visual of how deep a correction is or how strong a trend is. However, you are correct. ...

14 Year Old Forex Trader's Lessons

aha. I was thinking 21 and 233 but close enough. I use 10 and 144 most of the time and I sometimes add the 34 and 169 (all ema) but I haven't for a while. I am trying to keep my charts as clean as possible.

14 Year Old Forex Trader's Lessons

Not all charts are the same. Mine shows 1.32104 on one broker and 1.32111 on another. Of course you also have to add the spread as the close price of a short is the ask not the bid. So it also depends on your broker's spread. I am sure you already ...

EurAnalysis

Hi Goldman, I see your chart is quite bare except for the brown moving average line you have there. May I ask what kind of ma you are using and how many periods it spans? Cheers PT

14 Year Old Forex Trader's Lessons

Whatever the reason, if I was able to, I would send you a vouch also. Your knowledge of the markets is quite impressive. If I was a forex trader with your knowledge way back when I was your age, I would be a billionaire by now 100% in agreement. ...

14 Year Old Forex Trader's Lessons