EUR

yup i would wait for the 4hr to break 14780 support which has been well respected so far as was 14875 level..ok gl guys:)

Sold eur/usd, filled at .4784.

3/30 - current
15 trades
10 pos 5 neg.
avg positive trade 80 pips
avg losing trade 26 pips
670 pips net positive, no leverage or contract size given..
below avg winning % of trades of 86% @ 66%
biggest gain +273 pips
biggest loss -55 pips
all variables and changes posted on each trade live..
all posted on AL's forum....
gl and gt..
will post next trade when available..
your humble servant,
Sir Ignore..

Hi All

When they finally bury the Euro, some will say, it could have worked if only we'd done it this way.


Good Luck Out There

I tend to agree with you catnip, eurozone is still very much a bomb waiting to explode with its deep underlying debt problems and not to mention Japan's potential debt time bomb (whose debt servicing costs cannot remain at near zero indefinitely). Defaults in one form and another will abound over the years ahead.

All players are of course relying upon GDP growth combined with a degree of austerity measures/tax revenue increases to reduce their deficits but the latter is negative GDP growth. There will not be enough buyers to satisfy exporters. Capacities will exceed demands for many years.

I see all nations suffering, just some more than others. The stronger economies will be dragged down by the weaker and politicians will not address their underlying economic problems until their next crisis forces them to do so, by which time their problem is even greater. This is always the pattern but this time around the last 50 yrs of living way beyond our means increasing debt and leverage poses unimaginable solutions.

I do believe we have a global depression heading our way any time soon but the the lesson I have learnt over the years is that markets take much longer than we might imagine to react and adjust to underlying fundamentals. Thus, as traders, we should trade the "today" and leave the forecasting of timing to others who like to pit their egos against the odds.

As to the DX the move down has continued to have short term comparitively shallow rets up along the way which tells us the trend is down. If and when the trend reverses up we shall see short term shallow rets down along the way. This is the only kinda information I find useful for trading purposes. Matching "short term" fundamentals with technicals can be useful but any attempt to trade what we perceive to be the longer term underlying fundamental position always spells disaster ime.