Hi!

Another nice week for the EUR. And another awful week for the USD. I feel sorry and sad at a time for those top hunters or bottom pickers.

EURUSD has gained +312 pips. +2.02%.

USDCHF has lost -268 pips. -2.68% (below parity for the first time in history!)

USDJPY has lost -357 pips. -3.60%

GBPUSD has gained +84 pips. +0.42%

GBPJPY has lost -636 pips. -3.17%

GBPCHF has lost -454 pips. -2.25%

EURJPY has lost -234 pips. -1.51%

EURGBP has gained +125 pips. +1.61%

Not a good week for the dollar indeed.

Have you seen how market reacts with bad USA data lately?

Have you seen how market reacts with slightly better than expected USA data lately?

Why do you think that happens?

They say we live in a free world and our economy is based in what they call too free market, right? Do you believe that?

We were very near to a "global market crash" on Friday. Bear Stearns, one of the bigs, had to ask for help. And more to come.

If there is not a "global central banks intervention" to save the dollar, the green buck will keep going downtown for sure.

The first central bank to act will be our beloved BOJ. Take care out there.

Tomorrow I'll post new levels on EURUSD.

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Nina

We must fight on the winning side, not on the side we may believe to be correct.

Focus, Patience and Discipline

Hi!

Mates, please, take that warning about intervention very seriously. If your broker is not a bucket shop, they will not be able to guarantee your stops. So, more than ever: hit and run, specially if you short the $. BOJ could like to do it very soon, if there are not "good?" $ data. And they do it when liquidity is thin. So, take care. If there is "good?" $ data, things will be easier for them.

US data that comes out lately is cooked. And if it is not, pairs do the opposite. You may thing USA is something to rely on or trust. Don't be fool, Wall Street was not made to work for you.

OK, levels of EURUSD if there is not a "coordinated global intervention":

Don't forget FED will cut again on Tuesday. They will cut from 50 to 100 points its rates. So, EURUSD should keep going up. Will we see that?

EURUSD, according to my charts, it is set to keep going up as long as it holds above 1.5630 - 1.5600 - 1.5590 - 1.5570 - 1.5530 - 1.5510 - 1.5500- 1.5474 - 1.5460. Breaking down 1.5460 could mean an important correction is on the cards. If it does keep above, next targets on EURUSD should be: 1.5700 - 1.5710 - 1.5733 - 1.5754 - 1.5765 - 1.5797 - 1.5825 - 1.5840.

Good luck!

__________________
Nina

We must fight on the winning side, not on the side we may believe to be correct.

Focus, Patience and Discipline

Hi!

I used to love USA. Liked its strength as a country, its patriotism, its creativeness, its free market and its freedom. All that has gone. USA is nowadays an obscure country like some from the third world. No worst, no better. I feel, somehow, ashamed. I'm seeing how FED, with the money of tax payers, is up to save banks and those white collar thieves.

What kind of free market is USA if when banks that have made things wrong, they do not need to worry because FED is up there to save them?

Is FED or the White House going to do the same with Smith's family or Maxwell's one?

Again: I feel ashamed.

OK, levels:

FED cut 75bp and we didn't see EURUSD up. Why? Could you imagine that?

Well, EURUSD has boken down 1.5460. Now, as long as it keeps below it and 1.5550, it is set to go to 1.5215.

__________________
Nina

We must fight on the winning side, not on the side we may believe to be correct.

Focus, Patience and Discipline

Hi!

OK, EURUSD is set now to go to 1.6088 as long as it keeps above 1.5754 - 1.5740 - 1.5700.

__________________
Nina

We must fight on the winning side, not on the side we may believe to be correct.

Focus, Patience and Discipline

Hello Nina and Group!

I am new to this forum, located in USA. In the trading rules it states the trading window is Trade time: 08:00cet to 18:00cet. Has anyone tried the system during the New York Session? Since I am located in California, and work during the day, trading the 8:00cet to 18:00cet is while I'm sleeping!

Hi!

Thought you'd like to read this:

Capital - WSJ.com

__________________
Nina

We must fight on the winning side, not on the side we may believe to be correct.

Focus, Patience and Discipline

This is Henry Paulson writing? should be renamed to Henry Potter

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Elite Manual Trading | Portfolio | Calendar | Suggestions to improve the forum | My Blog

Remember: Signatures must have three lines as maximum

the virus is subprime mortgage

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Forex Indicators Collection

also neuimex is Swiss
thats why Catfx 50 had work good only with neuimex last 2 years
i think the idea about mental stop its the right one
thanks a lot Nina