Hello

Euro well moved down and reached 1.3480 important level and now is consolidating, For today 1.3500-1.3700 range move is expected , entering short above 1.3620 is recommended for 1.3550/1.3500 retest.

Thanks

New Rules, Strict Enforcement Curtailing US Retail Forex Trading -Study

by Chana R. Schoenberger Of DOW JONES NEWSWIRES

NEW YORK (Dow Jones)--A regulatory clampdown on foreign-exchange brokerages catering to retail investors is curtailing U.S. trading volumes for individuals, a study said Thursday.

Currency trades by retail investors in the U.S. "have dwindled to…

well here is the perfect view... if the euro heads back into the bear flag then we have a massive rally up north .... pattern play and we def break higher... this is what needs to hold for the move down south to take place momentum ......breaks and no more shorts........ for today the lvl is 3775

 currently we are in the bear channel......

there is also a wedge on 4 hrs with south break points initially..

Current resis is 3681-88......

GL..…

Euro dollar is trading quietly after the storms of recent days. It is clearly capped under resistance. With holidays in quite a few countries, liquidity is low. Will trading remain quiet? Or will it be a wild Friday with exaggerated moves due to this low liquidity? Italy is not holiday.

 Here’s a quick update on technicals, fundamentals and what’s going on in the…

After yesterday's sharp sell-off, the EUR/USD currency pair consolidated in a 100-pip trading range straddling the 1.36 handle during today's New York morning session.

Watch a 9-minute video tour of our members-only website…

Trade what you see!: EURUSD breathing!

While I try to keep things simple, this post is all technical.  I am asked many questions surrounding these areas all of the time.  Below is an attempt to be very specific in regards to ways that I approach these levels - for short term trading, it is one step at a time, and that's what these are initially geared for. When you get this nitty gritty about reference levels it all becomes a matter of observation.  As current price action shifts, oftentimes these levels do, as well.  Reference…

$AUDUSD – Trade Recap

Those in the live NY session training room got this trade  today  + 40pips

Click on charts to read the article.…

If the SPX declines during the next 11 months to 600, and is followed by a six-month 50% retracement rally, which is in turn followed by a 18-month flat period, along with inflation declining to 0%, then our 16-year Supercycle Oscillator will to continue to decline a mean-reversion low of -0.2% in Oct ’12.

Read the full article:…

There is a lot of choppy action in the EURUSD.  The corrective move to the upside earlier in the NY session peaked nicely at the 1.3652 area (see chart above). This was a key target for the pair as it represented underside of trendline resistance and has also been a low area in mid October and in…

Previous: GBP/CHF Testing Channel Resistance (10/31)

GBP/CHF

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Currently the cross is @1.3616 after bouncing on the 1.3500 psychological number.  Looking for a continued retracement up to 1.3712 ( 0.618 Fibo and support and trend line) before another  move  to the downside.  Those  targets are the 1.3484 double bottom and then the -0.270 Fib Extension @1.3383. …

FXCM Inc. Announces Third Quarter 2011 Results and October Operating Metrics

Third quarter 2011 revenues of $109.1 million, up 5% from second quarter 2011 and 20% versus the same period in 2010

Adjusted Pro Forma EBITDA of $31.4 million, up 10% from second quarter 2011 and up 13% versus the same period in 2010

Pro Forma net income of $17.1…

Have 3592-95 now supp and resis is stretched on different time frames but starts from 3657 then 3667 and 3677.. that is 15/ 30 and 4 hrs ....... above 3677 pretty much vacuum all the way to 3768...

GL..

Gold and silver changed direction and the concerns of the European debt crisis including the news from Italy and Greece (see below) may have caused the sharp fall for the Euro that may have also affected gold and silver to decline. Today, there are many items on the agenda including: the U.S. Federal Budget Balance report, the American and Canadian trade balance reports, the U.S. Unemployment Claims, the GB rate decision and Ben Bernanke will speak.

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In the recent Energy Information Administration petroleum report there is an outlook for the near future of the oil market with an analysis of the main factors that could affect the changes in oil prices in the rest of 2011 and 2012.

Here is a weekly review for the week ends on November 4^th of the U.S. oil market:

U.S. petroleum stocks changed direction and sharply fell last week by 15.3 million barrels and reached 1,745.3 million barrels.…

Euro dollar is making a nice comeback after falling into the abyss. The Italian parliament has brought forward the austerity measure vote, and this may send Berlusconi out sooner. In addition, there are are rumors that the ECB will get serious about its intervention in buying Italian bonds. Whether it’s the ECB or not, yields are finally relaxing. Economic indicators aren’t shining on a busy…

GBPCHF - Small correction.

Overnight GBPCHF hit the 161.8% level of 1.4571 (to within a pip). I am expecting  a small correction towards 1.4442-1.4365

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this is my 5 15 n 30 ...... my soft tgt done.. next on a break higher is 3599-3604..