Blog Posts

Spain Might Still Be A PIIG

Here is a very interesting article about Spain and its potential bailout that will affect the Euro.

The real estate bubble in Spain was bigger than Florida, yet the current values have only drawn down 20% compared to 50+% in Miami and Nevada.

This implies that there will be even greater pressure on the Spanish banking system that could require a bailout even though everyone is saying that it will not be needed.

No one admits that they do not know what will be needed.

See the full article here

first post

this is the content

Please wait while we have a short pause….

Have you ever heard that no currency or equity moves in a straight line?  There is always those times where the pair will retrace a bit and if you are already in the position it is now a true test of your patience and fortitude.  Will you be able to control your emotions? will you keep that position open?

Generally, we are rewarded by our patience, and many times those slight pull backs can even give us a chance to add onto our positions.

Well,  Euodoo Trading is about to have one of those small pull backs and we hope that you will have the patience to stick with us through this time period because the trend will continue and it should be a very, very long trend.

A bit of background:  Most of our followers know that helping the new or retail trader to figure out how to be profitable has been what the business model was based on, and to that end we feel we are making progress in educating with a personal feel.  Our website, as ugly as it is right now, is having it’s best days of traffic ever and continues to grow.  The web traffic to our site and to our YouTube channel just keeps growing and we do not want it to stop or slow down.  Titus and I are seeming to find our niches that are providing new traders a view to the markets that are almost impossible to find without some type of support.  However, like most trends we are going to have a small pull back but ever so temporary.

You see we have been working to qualify for registration as an Introducing Broker and one of the things you have to do is to make sure that our website meets the qualifications/requirements of the NFA.  They are the good guys that keep the crooks from stealing innocent people’s money.  We have a compliance officer that is going to have to watch our posts over the next few days and tell us what we may or may not say.  We do embrace this.  We look as this as our opportunity to “add to the position”.  Our posts will improve, we will make sure that we do not say or write anything that could be construed as a recommendation to buy or sell anything.

My Daily market analysis video’s are a disguised ( oh now the secret is out) way of letting new traders see what a trader does in evaluating the markets each day.  I do it everyday I trade, I figured I might as well put my analysis into a video that others may benefit from too.  However, I do want to make sure that the “word track” that I use is compliant.  So the next few “daily’s” will be sent to a compliance officer for him to watch and listen and make sure that what I post is within the bounds of the requirements of the NFA.  That means that many of my daily’s may not be seen by anyone but the officer, (esp. if I say something that would be considered out of bounds) or it could mean that they may be delayed by a day or two or more.

This will not be a permanent delay, remember the illustration of a pull back, but just a test period so we make sure we are on the right page so to speak.

I cannot think of a better time for me and the team at Euodoo to thank you for you support and suggestions and loyalty.  Thank you, thank you, thank you.  Please stick with us as we have this slight delay.  We do view you all as part of our family and we know you will understand.  (Even if, just like family, you complain behind our backs… )

All the Best,

Scott Cisco  aka @TraderCisco

Euodoo LLC

PS Yes I did say that our site it ugly.  This minor and temporary pull back is also one of the keys to getting the new website launched.  Stay tuned.

Video update UsdChf 4 hour chart

Here is a video describing a potential consolidation break on the 4 hr chart and why to be careful trying to trade this on the 1 hour chart only.  Below the video is a picture showing what would have happened if you would have attempted to trade this on the 1 hour chart only. With the 20 pip stop that I use for this pair a 1 hour consolidation trade would have failed.  Still waiting for the 4 hr candle to give me an open and close outside of the consolidation level.

TraderCisco

End of Year Stats for the TSA

2010 statistics on airport screening from the Department of Homeland Security:

Terrorist Plots Discovered        0

Transvestites                        133

Hernias                              1,485

Hemorrhoid Cases             3,172

Enlarged Prostates            8,249

Breast Implants                59,350

Natural Blondes                        3



This Book Is A ‘Must-Read’ For A Winter Weekend

The Tragedy of the Euro by Philipp Baqus (159 pages) which is on-line and is free.

It includes a comprehensive history leading to the creation of the Euro, and why Germany agreed to surrender its Deutschmark, as well as the events of 2010 and now the current outlook for its future predicted demise.

Here is a quote from page 51 “If the Euro means so many disadvantages for Germany, how is it possible that Germany agreed to its introduction? The fact is, the majority of the population wanted to keep the Deutschmark (some polls say up to seventy percent of Germans wanted to keep the Deutschmark). Why did politicians not listen to majority opinion? The most feasible explanation is that the German government sacrificed the Deutschmark in order to make way for reunification in 1990. When the Wall came down, unification negotiations began. The negotiators included the two Germanys and the winning allies of World War II: the UK, the US, France, and the Soviet Union.”

Click Here To Download the PDF File.

Forex Market Update for January 6 2011

Nominations for a Shorty Award begins Today

The New York Times said “Hollywood has the Oscars. Broadway has the Tonys. Now Twitter has the…Shorty Awards”. Nominations are open now for the third annual Shorty Awards honoring the top content creators on Twitter, Facebook and social media.

Visit the Short Awards and nominate your favorite tweeps.  ShortyAwards.com

If you feel that EuodooTrading has helped you this year would you please nominate @TraderCisco and @PipTee for their contributions in the category of #Finance.  Use this link to nominate either one of us or both.  ShortyAwards/Finance

Thanks so much!!

Euodoo Team

Trading Patience and the GbpChf

Just a quick video to show the value of waiting for your setup to happen. Don’t force it let it come to you. – TraderCisco

Caption Contest Ben Bernanke

Here are the final captions for the Bernie Prayer.  Thanks so much for everyone that played along.  Keep an eye out for the next caption picture!!!