We reached my 1.3525 level of buying interest. I bought off the bounce and now we’re lingering around. It’s a small position, one i’m not worried about losing if that’s the end result. Call it a lottery ticket if you will….
Monthly Archives: November 2011
Really Michelle Bachmann? C’mon!
The notion that China is using USD to fund it’s military is absurd. Remove USD from that equation entirely and I guaran-fucking-tee China continues to fund their military with any dollar amount they so choose.
Comments »2 Minutes Into Debate And I Want To Throw Something @ My TV
For the love (Pick Your Higher Being), when are these people (Politicians In General) going to realize the US and EU monetary systems ARE NOT THE SAME FUCKING THING. It’s like comparing apples to fucking oranges.
Comments »Message from Bears to Bulls
So Much For EURUSD 1.40
So much for extending into 1.40 any time soon. Looking to the 1.3525 level for a potential buying opportunity. You read that right, I said a buying opportunity. Sure, Europe sucks, but I don’t give a damn. Opportunity is opportunity.
Comments »The Sexxxy Side of Forex
Did your eyes light up looking at that? If they didn’t there’s something wrong with you. When I first stumbled into the world of FX my eyes lit up just like yours did 5 seconds ago. Those were the good ol’ days of 400:1 leverage. Thanks to Dodd Frank those days are over. Apparently we need to be protected from ourselves and what we do with our own money, but I digress…
Starting out in FX was ridiculously difficult, as it is with any type of trading, but there are a few things that accelerated my education and my bottom line. First and foremost is a Texan with a heart of gold and a genuine desire to see people become successful. Jim of The James16 Group started a free thread over at Forex Factory. Jim is a 20+ year trading veteran that decided to share his knowledge with anyone who wanted to listen and I wanted to listen as much as possible. Jim’s free thread still remains to this day and has also evolved into a paid educational service. Stay one year as a paid member, get the rest of your life free. No BS. The community of traders Jim has created is unlike anything else, and above all it’s the honest truth. There’s not many people like Jim out there. Consider this my unpaid endorsement. If you’re interested I highly recommend it.
While we’re on the subject of trading education I have to make one more mention. If you don’t know or have never heard of DarkStar, you haven’t been around the FX trading circle. Darkstar has written and published a Hardcover Book on FX Order Flow Trading. Once they’re sold out they won’t be reprinted. Well worth the $149 price tag to get inside his head for a look into the work of FX Market Makers and Market Microstructure. Seriously, he gets down to the nitty gritty of what actually causes prices to change and how to calculate price change with a liquidity distribution model, or some shit like that. I’m not done with the book yet, but I can tell you it’s a deeper look into markets than you’ll find anywhere else. Also my unpaid endorsement.
Check them both out. You won’t be sorry…
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Set Your Sights On Dow 12,400
EURUSD Target 1.4000
A 4hr view. We’re coming off of a higher time frame demand level. Our first 4hour level is just about dried up, paving the way to 1.4000. I’ll look to short short term there, considering we’re only 8 days into November and the turkey gods are not only on the side of stocks.
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Crude Oil – Supply & Demand Analysis
Feeling the pain of Cain, I decided to take a look see at crude. Unfortunately, Mr. Cain may be feeling the pain for a bit longer than he might like. Anyone wishing to short Oil will probably be most interested in the 61.8 Fib level shown here as it lines up with an area of supply.
Evolve Or Die: A Prediction
Where do you see the Euro 2-5 years from now? I see it as non existent. This may upset some of you Eurofuckers, but if the ECB doesn’t intervene via a massive assault at the problems at hand, the currency is toast. The currency system as it is, is inflexible. The things they’re doing to “solve the crisis” are leading them to their own demise. If not already broken, it will break. It is this inflexibility that will lead to clouds of black smoke hovering over Europe and the sound of tank shell’s screaming across the sky overhead.
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