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mfoste1 replied Sep 13, 2012I closed my short out based on the daily close since it failed to validate a short at that level I was in. Looking higher now, short term we have a monthly resistance near 1.2952, and I also have 1.2960-5 as an additional resistance. These are solid ...
Cesarnc's market talk, gossips, rumours & fun
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mfoste1 replied Sep 12, 2012EURUSD is getting weak up at these levels. It did a lot of volume today on the German ruling, which came at no surprise. I almost have to imagine that short term bulls are booking profits up here. Now the real event risk comes tomorrow with the Fed ...
Cesarnc's market talk, gossips, rumours & fun
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mfoste1 replied Sep 11, 2012EURUSD — Just thought I'd pop in and throw up a chart accompanied by some analysis for a pair I'm heavily focused on in approach of the ECB and Fed meetings. Included in the chart here is a lifetime fib( H/L .8225-1.6037), which certainly ...
Cesarnc's market talk, gossips, rumours & fun
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mfoste1 replied Sep 9, 2012Greetings at the start of the trading week! — I was just compiling some analysis for this week and I thought I'd share an awesome mix that I was listening to while doing so. I'll post some trading thoughts and analysis for the start of the ...
Cesarnc's market talk, gossips, rumours & fun
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mfoste1 replied Sep 7, 2012Hey Carlos, hope all is well my friend! EURUSD is just shaking those weak shorts, and once you start to see people making big bull calls you will know the end of short covering is near. IMO, these levels right now are providing EXCELLENT risk/reward ...
Cesarnc's market talk, gossips, rumours & fun
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mfoste1 replied Aug 30, 2012Have you ever heard of the Lucas critique? "shock and awe"? url
Will there be a QE3?
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mfoste1 replied Aug 30, 2012They do....It's very simple really: The US economy is very dependent on the stock market, it's capitalism.... Ok, sure the fed has stated their 2 mandates: maintaining price stability and bolstering employment, that doesn't mean that they simply do ...
Will there be a QE3?
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mfoste1 replied Aug 26, 2012USD will be world reserve currency until oil or US military disappears, or US stops fractional reserve monetary system, of which I think its safe to say none of the above will happen anytime soon. Sure many countries will diversify their reserves ...
Bye, Bye USD Pie
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mfoste1 replied Aug 26, 2012Its ALL about timing and risk management, if you can master these two concepts it will be very hard to fail in the trading business......When I review losing trades, I find that the mistake I usually made was not waiting for the setup to develop.
Patience in Forex - KEY THING
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mfoste1 commented Aug 20, 2012130mm is like pennies to them....
Lord Rothschild takes £130m bet against the euro
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mfoste1 commented Aug 16, 2012NEVER underestimate the power of political influence on the markets
The S&P500′s Stairway to Heaven
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mfoste1 replied Aug 11, 2012Everyone uses MVAs, from retail traders to buy-side institutional traders. There are many different ways to use moving averages, from short term trading to long-term investing. What I often see is that many retail traders try to use moving averages ...
Investors Moving Averages
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mfoste1 replied Aug 1, 2012this statement is simply not accurate you should listen to this excerpt from Ludwig Von Mises, it will help you understand much better url
Ultimate BULL market dead ahead
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mfoste1 replied Jul 12, 2012i have limit sells @2230 looks to be a good resistance
The Really Useless Thread
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mfoste1 replied Jun 17, 2012Sure info has been become transparent in the fact that everyone gets the same info. What matters, and has mattered for the past century, is the speed at which participants receive that info. Those who have deep pockets can actually locate closer to ...
The secret of how professional traders buy and sell
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mfoste1 replied Jun 17, 2012I'm not going to argue with you here, the currency market does not close, period. If market makers are the only ones trading in the interbank right now, then they are the market.....and yes there are regulatory entities that publish closing prices, ...
EURUSD
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mfoste1 replied Jun 17, 2012No one else that I am aware of, but I'm not really sure why anyone would want to trade over the weekend.
EURUSD