That's not necessarily true. The daily does have an open and close, albeit arbitrary. This time comes at 1700 ET (New York) when the daily interest swap is conducted. To my knowledge every major broker and bank (other than Oanda and their reasoning ...

The Optimum Time Frame for Trading

Along with all the politicians who helped make it possible for them to do what they did.

EurAnalysis

No argument from me. This country has strayed so far from it's principals I'm not too sure we will ever get back.

EurAnalysis

Right there is a very important statement. If it wasn't for how the data came out today that pivot would have been cut through like the proverbial hot knife through butter.

EurAnalysis

Very true. And the only one of our potential leaders to espouse the Austrian school of economic thought is considered a kook. Everyone seems to want to be a socialist because it's the easy way out.

EurAnalysis

I'm giving myself the tarnished silver star for my class performance today. This recent +50 or so, IMO, was a combination of positive Euro-negative USD fundamentals and TA coming together. Went long just above the daily pivot at 1.2725. With that ...

EurAnalysis

Hmmm ... kind of sounds like how the US works.

EurAnalysis

With that last move up, everything is pretty much out of balance now so it should go into a consolidation period. Many times this period will move price in the opposite direction from where it peaked, but not always a lot. Because of this ...

EurAnalysis

I can see what your saying. I try to keep it simpler. Basically neutral to positive numbers for the Euro and definitely negative numbers for the USD. Combine this with my technicals, when price moved down to the daily pivot it was screaming at me to ...

EurAnalysis

This recent +50 or so, IMO, was a combination of positive Euro-negative USD fundamentals and TA coming together. Went long just above the daily pivot at 1.2725.

EurAnalysis

Hey PK, At what point do you determin a S/D zone has been completely nullified? edit: I'm asking because the charts you posted show some zones that have penetrated.

EurAnalysis

Good - back to dancing with the one who brought ya.

Low stress swing trading with momentum

Thanks PT — PT, thank you for the vouch, it's an honor sir. BTW, the CS report I sent was acted upon.

EurAnalysis

I believe all those times are ET USA (GMT -5).

EurAnalysis

Must be the UNs International Talking Head Day.

EurAnalysis

kno — Hey kno this post here , I think you forgot the link.

EurAnalysis

Good day to retire. That's my b-day.

EurAnalysis

[quote=Gofer Pips;5284105] Got to admit there are some possibly good benifits in this.

EurAnalysis

Read this article Preparing As The USD Nears The Tipping Point and not that the article itself was all that great, some nuances one can draw from the scenario he briefly spells out. That is, instead of a global reserve currency, trading deals and ...

EurAnalysis

4 more years of Obama may well be the death knell for the US. Not that most of the Republicans would be much better. Whichever party the people choose, socialism in one form or another is there. The only person who, IMO, will try to stop this ...

EurAnalysis