I'm thinking 1.32 will break and price will continue rally... I'm watching confirmation @ 50% fib; 1.336 resistance.. Good luck!

EurAnalysis

It is, but it correlates. Remember currency feeds off equities so in a sense it's all the same. Same concept different market. S/D driven by fundamental market movers..

EurAnalysis

That was great insight and also a great laugh.. And you're right, it took me 5 mins to read... Good stuff, thanks for re posting it!

EurAnalysis

I found an excellent article on money flow.. Enjoy Money Flows/Methodology Philosophically, money flow analysis takes its lead from the market. Instead of relying on fundamental ratios to assess value, money flow analysis looks to what the market ...

EurAnalysis

Nice piece of info bro!

EurAnalysis

Hello fellow traders, I'm on the side waiting for another short opportunity.. Price should go bullish for a lil while then give more short opportunities.. Happy trading friends!

EurAnalysis

Nice! Check out the AU/US and EU/JY... I'm 400+ in EU/JY short.. Very nice setup for profit.. Any short on the EU is a go

EurAnalysis

Happy New Year to you sir! I took the holidays off and now I'm back on the job

EurAnalysis

I'm 450+ pips on EU & AU shorts... Still holding EU short from 1.305

EurAnalysis

PT is a great example... He set a tone for this thread and all can appreciate it. I'm one of the original posters here and I've been committed to the vision since day one. In the end greed is for the wicked. I dont want the whole pie just a couple ...

EurAnalysis

I took a short @ 1.305... A shooting star formed at resistance so I'll be holding.. Currently I'm 20+ pips in and expect a nice drop.. RSI is overbought with a possible cross on the 8 & 21 EMA

EurAnalysis

Yes sir, in this business you need to stay balanced to avoid the entrapment of greed. I believe in the same values. Prosperity for all and I'm committed to enhancing and advancing that notion. I pray for a clear sight, mind, and hearing for the ...

EurAnalysis

Great breakdown! I totally agree with you. I believe that trading requires great analysis, precise timing, and proper capital. Now, to understand what that details you need proper education. I'm an advocate for price action. I use fundies to inform ...

EurAnalysis

Wow! That's a lil scary... MF had that much control over the commodities market. It makes a lot of since, but something will be done to prevent the chaos. I'll keep my eye's on it

EurAnalysis

That's what it all boils down too.. In this day in age, algorithms and programs control the markets. Fundies play a significant role in moving price, but charts control sentiment. Price can spike off a news report on smaller charts, but on a daily ...

EurAnalysis

Yes my friend, I second that notion! That's why I love this business. A witty trader can be wrong and still be right! No business like it

EurAnalysis

You're correct, but also if you have a nice margin to trade on you can go under water a bit. I personally don't like to go under more than 15 pips, but like you said it's based on timing. The key to this business is analysis, timing, and margins!

EurAnalysis

You're so right! Traders dont understand the profits in small moves with large lot holdings. It's a margins game. You can make a significant amount of money from small moves. You're a savvy trader my friend

EurAnalysis

I'm not PT or Kno but you're correct. If the Fed raises rates this is a contraction policy to prevent inflation thus reducing the amount of dollars in circulation. This has a direct effect on EUR/US bearish sentiment. As investors rely on the dollar ...

EurAnalysis

Hello fellow traders, Happy New Year!... I hope your holidays were as merry as mine.. I wish you the best in success and prosperity this year. I took the holidays off so I've got a clear mind and I'm ready to get back rolling. I see the markets are ...

EurAnalysis