There's another lesson to learn. Always keep a spare laptop power adapter with you. You never know, one could fail, then you're screwed. Also good idea to have a second computer with all your charts as backup. Expect the unexpected. Redundancy is ...

14 Year Old Forex Trader's Lessons

You too Swede Cheers

EurAnalysis

We are currently at a support level and challenging it (1.35) Next support down from here is 1.3475 followed by the 23.6 fib at 1.3463 and further followed by 1.3425 Selling pressure is high right now. Euro equity indices are taking a nosedive.

EurAnalysis

RedLion, Very good explanation. Perhaps I absorbed it well because I trade similarly when setting up my long term positions. However, I did learn a few things from you today. Thanks

14 Year Old Forex Trader's Lessons

Double bottom failed. It's over. We now have a Head & Shoulders reversal pattern or a confirmed triple top. You decide which it is. Either way, down it goes. Those of you who have not placed their shorts are probably out of luck now. Do not enter ...

14 Year Old Forex Trader's Lessons

Yes I realize that. LOL Anyway, which ever threshold you use for longs and shorts, it's stil nuts and requires Ballz of steel.

EurAnalysis

Double bottom failed. It's over. We now have a Head & Shoulders reversal pattern or a confirmed triple top. You decide which it is. Either way, down it goes. Those of you who have not placed their shorts are probably out of luck now. Do not enter ...

EurAnalysis

Double bottom at 1.3520 still holding so far. Possible 123 reversal signal forming on M5 through to H1

EurAnalysis

Yes Aaron. I saw your post in another thread on this one. Assuming you are above 1.33 and you take a short of 1 lot, you take counter trend trades of 2 lots on every pullback as it goes against you. Understood. However, I think it would be wiser to ...

EurAnalysis

German Retail Sales. Yuck!!! — 2:00am EST German Retail Sales m/m expecting -0.4% Actual -2.9% I really don't see how they are going to bail out the PIIGS when they are not doing so well either. Euro already pulling back down. .

EurAnalysis

Morning Update from EurAnalysis .

14 Year Old Forex Trader's Lessons

Today's fundies — Good morning everyone, Besides the ongoing uncertainty in the markets over the EZ debt crisis, we have some key economic data being released today which may or may not affect the markets. I say that because if the data is ...

EurAnalysis

you're definitely in the green pips now. I hope you don't mind me giving you some tips on capturing your charts. In the future, you may find it easier to just right-click on your chart and click on 'save as picture'. That way you don't have to ...

EurAnalysis

That's fantastic RedLion. I used to play chess like that. Never thought it could be done with the markets. I need to see a chart.

14 Year Old Forex Trader's Lessons

Like I said in my last market update, the fundamentals are in a state of flux so we cannot rely on them or the technicals that represent them until certain situations unfold. However, sentiment is still very much to the downside. If price manages to ...

EurAnalysis

Hi PipPipPip, I still feel we may see another rally to the upside but with the way the price is dropping now, it has broken outside the triangle shown in Pegasus54's post earlier. Plus equity indices are also down. If the Eur closes below the ...

EurAnalysis

Hi Gaara, We are currently sitting on solid support at around 1.3560. If the break below here holds, we will indeed see 1.3515/20, possibly even 1.3475 before Europe opens. After that, however, we shall have to wait and see. Asian equity indices ...

EurAnalysis

Hi KenFx and welcome to EurAnalysis. Be sure to read the first 2 posts of this thread in order to understand what we are doing here. As for your question regarding contrarion bulls, I have to say that I really hope so. In absence of the contrarion ...

EurAnalysis

All fine here Dork. Hope the same for you. I cannot give you an answer to that question right now. Ask me in 6 months

EurAnalysis