Thread: Closed: Discuss EUR/USD News with a DailyFX Analyst

captester: corelation: 1 hr. EUR/USD 100.00 NZD/USD 87.2 daily. EUR/USD 100.00 NZD/USD 47.00 i think towards end of cycle things can get a bit unravelled. on hourly would work ok , on daily maybe in the past. this is a area i could use some studying myself. think AYO could elaborate more in depth. thanks that was a challengeing question.

Thanx Nopain

I was a little silly a couple weeks ago and did not do a thorough investigation of the count. I am now hedged to hopefully salvage the situation going in and out as the waves move. The moral of the story is I found that the two pairs seemed to lead each other usually nzd/usd first if I recall right, so kinda gave a warning of activity ahead in E/U at times, count providing of course. I like to confirm what I am observing is not some lunatic figment of my imagination because sometimes it just actually is.

Appreciated your input.

Price Action, Support and Resistance and Stop Loss are a good combination to apply on every trade.

The only thing we can control is our risk. position size and stop loss are critical.

Here is a page which will show correlations between pairs on several time frames

Forex Correlation - Mataf.net

my entry and exit are marked with yellow highlighters

.

here is the latest CFTC...subtle increase of growing shorts.

Attachment 85491

Originally Posted by nopainnogain

captester: does this help.

Yeppers,

alrighty now must watch Hockey

Originally Posted by articx

o.O!!! I don't want you to have big problems!!!... I'll root for the dollar once again... soon... if I lose money in believing in my own country. =( i'm going to have many big problems too.

You Americans could become free of debt and save your economy. To go back in history, Thomas Jefferson stated: "If the American people ever allow private banks to control the issue of currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers conquered." The next quote is by the 18th century banker Amshell Rothschild (his bloodline controls the FED): "Allow me to control the issue and the nation's money and I care not who makes its laws!" He meant, if his unscrupulous group were allowed to print the nation's money - it can eventually use that money to gain control of the press and the politicians - and thus gain control of making the nation's laws - and finally - control of the nation itself. Congress and the IRS do not have access to the financial records of the FED. Every year Congress introduces legislation to audit the FED, and every year it is defeated. $1,200,000,000 has within the last few months been shipped abroad to redeem Federal Reserve Notes and to pay other gambling debts of the Constitutionally illegal Federal Reserve Board and the Federal Reserve banks. Illegal? Article 1, Section 8 of the U.S. Constitution states that Congress shall have the power to coin money and regulate the value thereof. Today however, the FED, which is a privately owned company, controls and profits by printing money through the Treasury, and regulating its value. The greater part of your monetary earnings is shipped to foreigners by a private bank that is above the law. Yet the FED banking system could easily be netting 100s of billions in profit each year. Today, the FED, through foreign banks, owns much of US debt and therefore controls you. By your own law, you Americans can buy back the FED for the original investment of the FED's 300 shareholders, which is $450 million. Your Presidents Lincoln, Jackson, and Kennedy tried to stop this family of bankers by printing U.S. dollars without charging the taxpayers interest. Abolish the FED, and then print real U.S. dollars as President Kennedy attempted (Executive Order 11.110, 1963)!

I suggest we be cautious in outlining the situation of The United States, keeping in mind that the rest of the world has benefited directly and indirectly from the use of American Capital. While the US is having difficulty at present, the rest of the world can be grateful for US help in raising the standard of living and providing an engine to support the growth of many nations. We can also be thankful that the United States has ensured the freedom of many nations whose people without protection would be in dire straits.

Originally Posted by Blaiserboy

Price Action, Support and Resistance and Stop Loss are a good combination to apply on every trade.

The only thing we can control is our risk. position size and stop loss are critical.

Ehh, not so much in either case really. 30 pip stop gets hit in one direction, switch directions based upon market reaction, 30 pip stop gets hit again. Where is the good in that? But support and resistance, I can get on-board with that!

Happy Trading,
t3t4

Originally Posted by hpdeskjet

You Americans could become free of debt and save your economy. To go back in history, Thomas Jefferson stated: "If the American people ever allow private banks to control the issue of currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers conquered." The next quote is by the 18th century banker Amshell Rothschild (his bloodline controls the FED): "Allow me to control the issue and the nation's money and I care not who makes its laws!" He meant, if his unscrupulous group were allowed to print the nation's money - it can eventually use that money to gain control of the press and the politicians - and thus gain control of making the nation's laws - and finally - control of the nation itself. Congress and the IRS do not have access to the financial records of the FED. Every year Congress introduces legislation to audit the FED, and every year it is defeated. $1,200,000,000 has within the last few months been shipped abroad to redeem Federal Reserve Notes and to pay other gambling debts of the Constitutionally illegal Federal Reserve Board and the Federal Reserve banks. Illegal? Article 1, Section 8 of the U.S. Constitution states that Congress shall have the power to coin money and regulate the value thereof. Today however, the FED, which is a privately owned company, controls and profits by printing money through the Treasury, and regulating its value. The greater part of your monetary earnings is shipped to foreigners by a private bank that is above the law. Yet the FED banking system could easily be netting 100s of billions in profit each year. Today, the FED, through foreign banks, owns much of US debt and therefore controls you. By your own law, you Americans can buy back the FED for the original investment of the FED's 300 shareholders, which is $450 million. Your Presidents Lincoln, Jackson, and Kennedy tried to stop this family of bankers by printing U.S. dollars without charging the taxpayers interest. Abolish the FED, and then print real U.S. dollars as President Kennedy attempted (Executive Order 11.110, 1963)!

Yep. You're right

Originally Posted by Blaiserboy

Here is a page which will show correlations between pairs on several time frames

Forex Correlation - Mataf.net

Nice post!

Ya know, I used to think that currency correlation meant something, but it really doesn't aside from market participants that think it does. Just my .05 pips worth.

Happy Trading,
t3t4

Originally Posted by Blaiserboy

I suggest we be cautious in outlining the situation of The United States, keeping in mind that the rest of the world has benefited directly and indirectly from the use of American Capital. While the US is having difficulty at present, the rest of the world can be grateful for US help in raising the standard of living and providing an engine to support the growth of many nations. We can also be thankful that the United States has ensured the freedom of many nations whose people without protection would be in dire straits.

Good point, but don't forget human nature:

I'll take what you're giving as long as you give, but I never said I'd offer in return....

That simple mentality is a plague. one that is seemingly undying. Time will tell, let's wait and see.

Happy Trading,
t3t4

P.S. Till then, tis the American way....

BLAISERBOY:if am reading your page correct i gave captester wrong numbers.hr. 100.0 14.5 daily. 100.0 33.8 am i readig that correct now. thanks

Originally Posted by s_slo87

I'd be looking at the yen. Look for 90 the end of summer. Or if you wanted a commodity play with some volatility look at the AUD/JPY. Been ranged 87/88.50 this week as has most pairs been ranged. I'd look for a sell off in commodities for a better entry point of better entry point of say 82/84 for a target of 90/95. IMO.

Hey Sean, hows it going?

Are you specifically talking about the USD/YEN or the EUR/YEN? Either way though, I have my eye on a few of the YEN pairs, among others. Timing though is a real pain and the YEN is a slow mover, so I'm at odds all the way around.

Thanks man, and Happy Trading,
t3t4