i just ask myself the questions of who is holding Greek debt? and who will be more affected by these "voluntary" haircuts. Where is the demand for EZ debt coming from? as far as i understand the current demand for Sovereign debt is coming from EZ ...

EurAnalysis

SNB to defend the 1.20 floor of EUR/CHF which is a synthetic cross of EUR/USD USD/CHF if the euro continues to fall then then you have a appreciating USD in relationship to the euro, but the CHF in relationship to the USD is not a perfect ...

EurAnalysis

everything with caution, i think the 1.30 level is key, and market seems to be appreciating towards it. there are big orders above it, and forexlive reported some options on Friday. technically if you pull up a daily chart you can see how the ...

EurAnalysis

there is a lot of things you can learn by the bid/ask that is the true market, you record the bid/ask the lowest it goes in one hour the highest it goes and the close at the end of the hour and you got an hourly candle. as far as your volume in ...

What could I learn by looking at Bid And Ask?

the only valid point that elliot makes is that Price moves in waves. you simply cannot predict price as it is not a mathematical structure, it is not scientific. to understand a chart we need to go back to basics bid/ask quote, as these prices are ...

Elliott Wave Theory

again you failed to answer the question a coin with 2 sides with only one possible outcome will forever be 50/50 2/1= 1/2=0.5=50% now what FORCE except your imagination or belief tilts this equation any different?

Probability Paradox!?!

image trading is like chess, not only do you have to be aware of the markets next probable move. BUT most importantly you have to anticipate YOUR move. here i had an opportunity to have 5 lots in with only 0.93% account risk but decided to move ...

Red Lion on the hunt

as long as humans exists there will ALWAYS be markets. even if civilization comes to an end there will always be a need for a liquidity provider, a buyer, a seller, and a way t o offset risk. in a more inefficient market where you are trading ...

how long do you expect to trade?

another short implemented with a 19 pips stop at 3 lots = 0.51% risk, i will progressively scale if possible, euro closed with no follow through small correction is expected. I believe we are going above 1.30's as there has been reports of big ...

Red Lion on the hunt

stopped out, with very small profit, however 1.28 is holding well, we are in the last stages of Europe session IMF seems to be pledging 500 billion, and equities, bond yields positive S&P at resistance and might just move above it. as the VIX is at ...

Red Lion on the hunt

image b/e is susceptible but risk is 0% with no clear confirmation of downside bias is best to keep risk low

Red Lion on the hunt

let me put it in a simpler way....for those who think that streaks are possible and an edge can be attain from RANDOM data then answer this question on a coin........there are 2 sides can only fall on one side right? so what is the force, that can ...

Probability Paradox!?!

i think the mistake comes from the fact that 50% is the constant event no matter what the past or what the future data, if the event is truly random then coin flip having 2 sides and only able to land on 1 side will always yield 50% (assuming the ...

Probability Paradox!?!

i realize equities actually closed positive however the EUR is not getting a lot of buying so ............ so i wait till Europe gives directions. as it stands seems like closing below open is likely today image

Red Lion on the hunt

Moved stop loss to 1.2735 why? protect small profits (NEVER MOVE SL to increase risk, always move to PROTECT PROFIT OR DECREASE RISK) hourly open at 1.27358 anything below that whether this hour or next signals diminished bullish pressure, we are ...

Red Lion on the hunt

well the problem with catching the close is that we are assuming that the market is predictable and the close is predetermined the daily close strategy brings an edge in probability and the trade off is that it allows for a better GUESS, while ...

Red Lion on the hunt

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Red Lion on the hunt

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Red Lion on the hunt

all core economic news for the EZ was positive in Asian session Spain and France tested the relevance of the S&P downgrade this was a very important test, as the bonds were bought at lower yield, the postulation is that a credit downgrade means more ...

Red Lion on the hunt

took short trade on eur/usd, not that it matters but ROI so far 4.62% this is subject to change, however where this does matter is the fact that it gives me buffer money for risk taking. image

Red Lion on the hunt