EUR

So that should support the Dollar because of less possible QE or not?

These less than 100 are about as emotional as a kellog's cornflake. or almost. Bernanke
employs a Bayes algorithm. At least as long as he could lower the funds rate. Now he may be emotional. :-)

they might have inner competition!
am i in the 100?

quite funny bookkeepers.

Steinark,

I think you are right to some extent, enough tech based traders render the market levels self fulfilling in certain conditions. But nothing works all of the time and this is what makes trading such an interesting and challenging endeavour. The post below from Said is worth noting, sometimes the short term fundamentals give us the move you refer to on the EU right now. Equally a move like this can retrace 100% in half the time it took to form. I prefer to see more structured moves.

There is a lot of bluff coming out of the Fed and the BOJ etc etc. All nations need to devalue but hey how in hell do they all achieve that together. If they get it wrong it can cost them a lot of dosh. Bluff I think will be the name of the game going forward.

Forex is no different to any other markets for tech analysis. I cover most and and my methods never change. If forex differs at all it is perhaps particularly news sensitive to the short term eco calendar. This is where Ashraf and some members of this forum can help me decide which of 3 possible counts to favour on any given chart. I am spending a lot more time recently with news stats and understanding the ramifications. This can only benefit my technical trading and it adds interest to what can otherwise become a boring routine.

I have found that the more recent intro of high frequency alogorithm trading does not change my analysis on the larger timeframes but it does presnt challenges for day trading. I can no longer analyse bid/ask volume delta as volume is now a complete nonsence. I am told that 66% of NYSE volume is now pure bullshit volume. Glad I'm not an investor !!!

Best to you.
David.

Euro Forecast

TD Securities predicts that the euro will trade at $1.40 by year-end, compared with $1.37 today, and drop to $1.20 against the dollar next year, according to Bloomberg data. His previous forecast last week was for $1.40 for the euro by year-end and parity by 2011, Bloomberg data show. The median forecast for the euro against the dollar is for $1.30 by year-end and $1.28 in 2011, the data show


it was mistake the y ve corrected later