Hi Bob and thanks for this brilliant system. I have been evaluating it for the past two months and I´m going live in January. 10.6 works consistently, especially when trading pairs with solid macro tendencies like USDJPY, GBPJPY, etc. and staying clear of the more ambivalent ones.nanningbob wrote:The Euro feeding frenzy this winter and maybe even into spring is beginning. Here is the first shot of what is to come:
http://www.forexfactory.com/news.php?do=news&id=463441
The European Union lost its top credit rating from Standard & Poor’s, which said the group’s cohesion has weakened and its financial profile has deteriorated. S&P cut its long-term rating on the EU to AA+ from AAA and maintained its short-term rating at A-1+. The outlook is stable, the company said in a statement today. “The downgrade reflects our view of the overall weaker creditworthiness of the EU’s 28 member states,” S&P said. The reduction follows ratings cuts in recent years on EU members including France, Italy and Spain, as a sovereign-debt crisis roiled the region.
All the euro pairs have dropped into the range area and eur/usd is knocking on the 240 MA door. If you have euro buys I wouldnt be hanging onto them. If you are in euro sells hang in there. EUR/JPY will be the most interesting to see which pair goes the weakest in early 2014. Good luck.
As for me. Christmas party tomorrow night, main speaker at a Sunday night meeting, Monday fly to Nanjing for a week of rest and to see my new grandson.
I totally agree with you on the impending EURUSD potential collapse. I liken it to Wiley Coyote stepping out of the cliff and falling only when he looks down. I think the crowd will look down soon and realize there is no ground under its feet.
Happy Holidays and a profitable New Year for all !!
