before market open PP was above 1.4 from friday but now that its recalculated all of them are real close..
point is to look for this sunday nights

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Don't Chase the market let the market come to you

Since I'm new at this, after review the recent post. Take a look at the daily. After such a close on Friday, it appears to move upward the following day more times than not. I too am looking forward to getting some kind of indication as to which direction it will take a more permanent move. I believe it will be down in the long term.

Hi, CodyB

I have a MT4 demo, but couldn't really incorporate/download any of the extra bits that you offered. I tried to save them in the editor under 'expert advisor' and used 'attach to charts' but nothing worked. I can see that there are other new codes offered by others in the library. But how to make it work?

Many thanks.

place them in the experts/indicator folder and restart the MT4

then under the navigator tab on the platform you will find them in the custom indicator folder

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Don't Chase the market let the market come to you

Finally it works! Thanks!!!

I hope they help some now

__________________
Don't Chase the market let the market come to you

Support Resistance Levels 6 July 2009

1,4011 - 1,4078 - 1,4117 - 1,4152 - 1,4191

1,3972

1,3916 - 1,3882 - 1,382 - 1,3791 - 1,3717

support resistance

.

Thanks for the heads up. Going the direction my homework said. (Short)

Good one mate,

I've subscribed to your RSS which leads these S/R directly in my Outlook and gives me a handy access.

Thanks for these.

I'm glad you post these one a day very helpful.

your fibs and pivots for monday

Attached Images

 

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Don't Chase the market let the market come to you

China Reassures on Dollar Debate Before G8

France and Russia urged a debate about the world's reserve currencies, but China said the dollar would keep its pre-eminence for "many years to come."

Beijing, which has floated the idea of an alternative to the dollar as global reserve currency one day, wants the matter discussed at this week's G8 summit in Italy, officials say.

But in remarks that appeared intended to reassure Washington, Chinese Vice Foreign Minister He Yafei told reporters in Rome: "The U.S. dollar is still the most important and major reserve currency of the day, and we believe that that situation will continue for many years to come.

"You may have heard comments, opinions from academic circles about the idea of establishing a super sovereign currency. This is all, I believe, now a discussion among academics. It is not the position of the Chinese government."

China's central bank head launched the debate last March when he said the SDR, the International Monetary Fund's unit of account, might one day displace the dollar.

The debate is highly sensitive in financial markets, which are wary of risks to U.S. asset values. Bankers reckon China holds perhaps 70 percent of its $1.95 trillion in official currency reserves in the dollar.

Several emerging market countries have said they want to reconsider the dollar's role and see a more diversified international monetary system.

"The dollar system or the system based on the dollar and euro have shown that they are flawed. But I am a realist and I understand that today there is no alternative to the dollar or the European currency," Russian President Dmitry Medvedev said in an interview with Italian media.

"There should be more reserve currencies. So we consider that we need to think about the creation of regional reserve currencies."

Strong Dollar Mantra

European Central Bank Jean-Claude Trichet said it was important that the United States stayed committed to a strong currency.

"On this issue, I am very, very clear. I have just one message ... It is extremely important that the United States of America ... has been ...saying that a strong dollar is in the interests of the United States of America," Trichet said.

"I consider that extremely important and I welcome this declaration," he added.

France's Economy Minister Christine Lagarde told reporters at a conference: "We should explore a better coordination of foreign-exchange policies, which would raise the question over the medium term of the balance of exchange rates and the role of currencies that have changed both as a result of the crisis and the role played by emerging market countries."

On Friday, Suresh Tendulkar, chairman of the Indian prime minister's economic advisory council, said the dollar's weight in the basket of currencies that helps set the rate of India's partially
convertible rupee currency may be reduced.

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Live Long And Prosper!
Rickos.

Anyone trading E/U today ? Short / Long / what prices ? What do you anticipate during the London session today ?

I closed those shorts from 4060, 4066 and 4126 at 3960 and am flat until tomorrow when we have some liquidity and better direction.

the trades from the chart posted I set as stop orders last week for when it fell

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Don't Chase the market let the market come to you

Is the almighty Cody saying that he keeps trades open overnight? And god forbid, over the weekend?????

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Live Long And Prosper!
Rickos.