Hi Highlander, Where in the Med are you going? I am currently in Malta. Nice weather here save and except a couple days of rain but it's clearing up later today and the forecast looks great. Bon Voyage

14 Year Old Forex Trader's Lessons

Hi Blobik and thank you for joining us here at Urinalysis.. err I mean EurAnalysis Later today I will be posting an update on where I feel things are currently standing and where I believe they will head by Friday. I just need some more time to ...

EurAnalysis

okay understood but I wasn't thinking about the squished ones. I never do ADD: "The only thing to fear in life is fear itself" ~unknown~

14 Year Old Forex Trader's Lessons

I know about the banana pancake thing... especially with strawberry jam on top. Mmmmmm I am not long anything other than USD. I will not go long EUR/USD because my strategy is longer term. Not day trading lately coz I am focusing on the bigger ...

14 Year Old Forex Trader's Lessons

Shut it. You're making me hungry. LOL

14 Year Old Forex Trader's Lessons

What we have in the equity markets right now is seller exhaustion, bargain hunters and window dressers. The market needs to inhale before it dives deeper. If it was anything more than that, we would already see the SP500 at 1250-1300

EurAnalysis

The bull will soon run out of steam. Month and quarter end adjustments causing an equity bounce. Some EZ hope helping it along. Once the illusion of positive outlook is smashed, the bears will be back in control. I haven't shorted yet because I ...

EurAnalysis

That's a good question. Look at it this way. If both USD and EUR crash, then all other currencies will go down with them. Net effect? Nothing. If the USD crashes any more than it already has, you have a perfect buying opportunity when it finally ...

EurAnalysis

Current resistance zone starts around 1.3645 up to and including 1.3730. If it can make it to 1.3700 I will short there, otherwise I will take what I can get anywhere above 1.3670. Makes no difference as I know where this is going. My stops will be ...

14 Year Old Forex Trader's Lessons

Current resistance (supply) zone starts around 1.3645 up to and including 1.3730. If it can make it to 1.3700 I will short there, otherwise I will take what I can get anywhere above 1.3670. Makes no difference as I know where this is going. My stops ...

EurAnalysis

Yes, we have to get past the month end as the market has to adjust itself. Most likely the monthly October candle will take us down to new deeper lows after a brief continuation of this bounce. That would put us smack in the middle of next week just ...

EurAnalysis

5 Reasons for Current Euro Strength (And Why It Is Temporary)

EurAnalysis

5 Reasons for Current Euro Strength (And Why It Is Temporary)

14 Year Old Forex Trader's Lessons

Silver should bounce to $40 again before the next tailspin but that could take weeks. I also expect a bounce on gold to about $1850 area before a much sharper fall. EDIT: Although I arrive at these figures through technical analysis, they are still ...

14 Year Old Forex Trader's Lessons

Patiently waiting

14 Year Old Forex Trader's Lessons

Today's push upwards on some market confidence that Europe may be able to save Greece from burning up in flames has brought the price very close to our target shorting area. The high today has hit 1.3656. Kind of in the zone but it is in the low end ...

14 Year Old Forex Trader's Lessons

Today's push upwards on some market confidence that Europe may be able to save Greece from burning up in flames has brought the price very close to our target shorting area. The high today has hit 1.3656. Kind of in the zone but it is in the low end ...

EurAnalysis