Blog Posts

Is this the confirmation of US Dollar weakness?

Interesting longer term views found in the UsdCad and the AudUsd Daily charts.  Time to keep an eye on the longer term ramifications of confirmed breaks from these wedges.

You can see from the UsdCad, that a break has already occurred, but not so on the AudUsd.

Will continue to watch these two charts to see if they both provide confirmation of sentiment.

Thanks for reading.

Reference Guide for Futures

PFGBest has provided a great reference tool to help filter through the myriad of symbols and tick values sizes of your favorite futures contract.

Follow this link to a wealth of info. Futures Contract Specifications

Free $50,000 Simulated Futures Trading Account

Someone Please Help Me?

Mr. Carney of the Obama administration explains unemployment insurance as “one of the most direct ways to infuse money into the economy because people who are unemployed and obviously aren’t earning a paycheck are going to spend the money that they get . . . and that creates growth and income for businesses that then lead them to making decisions about jobs” resulting in more hiring.

This statement is very easy to understand, but I have a question. It “creates growth and income for businesses” which might lead to more jobs, and even if it does lead to more jobs, it tends to increase the jobs where the jobs are located. For example, if a scissor company makes scissors in China, and people buy more scissors, any additional jobs will be in China.

Why is not one economist or politician talking about this???

When John and Alice lost their jobs, the jobs were not eliminated. They were moved offshore. In previous American recessions the jobs were eliminated, and were then later restored as the economy recovered. But, this recession is different. Economists are implying that new jobs can be created overnight, but I have not seen one statistic regarding the historical growth of new jobs for “new products” because that is what we are talking about here.

So, someone, please tell me what economic policy that is being discusses today will bring Alice’s job back to America quickly.

Forex, Futures Trade Setup Kiss your Momma™ EurGbp

Here is another example of the Kiss your Momma™ Trade Setup. This setup applies to Forex, and Futures when using candlestick charting. The setup described in this video is on a month EurGbp chart. This setup really helps with risk management as it allows for a small stop and larger return ratios. If you trade Forex or Futures and have any questions about this setup please contact me I will be glad to help if I can. Scott@Euodootrading.com

How to use price action to trade the forex market.

Today I am providing two setup’s that occurred on July 11. As you know I use the Kiss you Momma™ for my primary trade setup and July 11 was no different.

Here are two videos of the 4 hour compression on both the EurUsd and the GbpChf. I hope these continue to help you as you grow in your trading.

About Derivatives and Credit

Here are two paragraphs from a Market Watch article from Brett Arends.

The derivatives time bomb is bigger than ever — and ticking away. Just before Lehman collapsed, at what we now call the height of the last bubble, Wall Street firms were carrying risky financial derivatives on their books with a value of an astonishing $183 trillion. That was 13 times the size of the U.S. economy. If it sounds insane, it was. Since then we’ve had four years of panic, alleged reform, and a return to financial sobriety. So what’s the figure now? Try $248 trillion. No kidding. Ah, good times.

Looking for a “credit bubble”? We’re in it. Everyone knows about the skyrocketing Federal debt, and the risk that Congress won’t raise the debt ceiling next month. But that’s just part of the story. U.S. corporations borrowed $513 billion in the first quarter. They’re borrowing at twice the rate as they were last fall, when corporate debt was already soaring. Savers, desperate for income, will buy almost any bonds at all. No wonder the yield on high-yield bonds has collapsed. So much for all that talk about “cash on the balance sheets.” U.S. non-financial corporations overall are now deeply in debt, to the tune of $7.3 trillion. That’s a record level, and up 24% in the past five years. And when you throw in household debts, government debts, and the debts of the financial sector, the debt level reaches at least as high as $50 trillion. More leverage means more risk. It’s Econ 101.

Read the Full Article Here.
http://www.marketwatch.com/story/the-next-worse-financial-crisis-2011-07-06

Simple Price Action Kiss your Momma™ and Kitchen Sink™

Here is another Euodoo free training video, showing a simple price action trade setup. This setup should be studied on your candle stick chart of choice.

The Arithmetic of Debt

You may not like the author of this article, but he makes a compelling argument that the ‘arithmetic of debt’ is not as scary as you might think.

This argument supports the idea that the dollar might be stronger than most people predict, even if the debt ceiling is raised.

Click Here to read.

Forex Kiss your Momma Example

Here is another example and a brief explanation of a Kiss your Momma Forex setup on the Eur/Usd.

The Double-Dip Has Started, But They Won’t Admit It

In the first part of April the ICSC – International Council of Shopping Centers – stated that retail chains experienced a year-over-year gain of only 1.7% as of the end of March. At the same time the Fed announced that consumer credit increased at an annualized rate of 3.75%. That represents a gain of 2.05%. Don’t these numbers look good?

The Consumer Price Index is also reported to be 2.1%, so if we subtract the cost of 2.1 from the gain of 1.7 we find that the real growth rate is -0.4%. We all know that fuel and food inflation is robust (but not included in these numbers), which drives the negative factor further in the red.

Unfortunately the ICSC includes sales for Shopping Centers that sell gasoline that also makes the growth rate look better than it really is. If one arm of the gov’t removes fuel and food from its numbers, wouldn’t you think that the other one would also?

To add icing on the cake, their reports do not include the sales numbers for those stores that closed due to lower sales!!

In this day and age, wouldn’t you think that the use of computers and sensible analysis could provide us with accurate economic data?

Economists can’t figure out why the Consumer Sentiment is not higher, well now you know.