Don't know why Japan doesn't set a solid floor. As you've seen with the SNB setting a solid floor has a psychological edge to it that halps keep price away from that area and reduces how often SNB has to intervene.

EurAnalysis

Japan doesn't ask for permission. They give warning in advance that they will intervene and do it when they feel the time is right. The only problem with interventions is that they tend to be short lived. As the market adjust and the underlying ...

EurAnalysis

Hey they both start with B so your kind of close.

EurAnalysis

Your correct in that statement, but some very successful traders use indicators. One needs to fully understand the indicator to make proper use of it. You make trade decisions based on planetary cycles, etc. Does that in and of itself move price? I ...

EurAnalysis

Properly understood and used, indicators do give trading signals. As far as a simple 24 period MA, no that would not be sufficient to make trades off of.

EurAnalysis

A couple good points billytt. Money management is very important, since without capital preservation your trading career will end rather abruptly.

EurAnalysis

Excellent with your pips today. Yes, from a purely technical standpoint, pivots do work wonders. I agree that fundies play an important part, but IMO one does not have to use them for intraday trading decisions. For longer term outlook yes you need ...

EurAnalysis

kno your comments are in blue, my response is in black I want to compliment you on your reply. It allowed me to think about why I posted my strong reply about technicals. It has to be clear by now that my interest as is the interest of PipTrapper ...

EurAnalysis

I must respectfully disagree. Technicals - 70% Money Management - 25% Fundamentals - 5%

EurAnalysis

Actually, it's the power of the FED hinting at more QE. Just that one little snippet at the end of their statement is what set this in motion.

EurAnalysis

I feel for ya bro. You need to get that problem resolved.

EurAnalysis

I don't think anything shocking or newly revealing will come from the FED, so it will basically be a non event.

EurAnalysis

That is funny. Don't think I'd trust $10 to a Cyprian broker.

EurAnalysis

OK I can see that. If he would put add a bit more context to those numbers rather than just throughing them out there like that might be helpful.

EurAnalysis

OK. I do my pivots based on the time of the interest swap 1700 ET. I figure if that's what the banks use, that's what I will use.

EurAnalysis

No offense, but these numbers don't even come close to reality. Price is currently at 1.3005 and the daily pivot is 1.2982 NOT 1.2945.

EurAnalysis

I agre with what you say. There is a lot of things one has to take into consideration. And yes you need to find a good CPA who understands the tax code. I believe the 60/40 LT/ST is the way to go. Just remember you have to keep very good records of ...

Capital gains as primary income tax rate in the US?

As well they shouldn't. The IMF is not supposed to be used to stabalize a currency. If the EZ wants this handled they have enough money available to do it themselves.

EurAnalysis

It's not the samr being a full time trader, particularly in Forex. You don't just simply file at 15%. Here is a website that will give you a lot more info. Here is a video, 1 hour long and dry, that gives a lot of info also. video

Capital gains as primary income tax rate in the US?