4XGUY’s Daily Links February 25, 2013 Forex Flash: NZD/USD expected at 0.87 by year end – NAB Japan markets get central bank boost BOJ nominees largely in lines with Komeito demand-Japan coalition head FOREX-Yen & sterling slump, euro eyes Italy elections China HSBC PMI Misses, Prints At Four Month Low China Flash PMI Hits 4 Month Low China’s Flash PMI for February missed expectations slipping to 50.4 from a reading of 52.3 in January.  Analysts had been expecting the reading to come in at 52.2.  The good news here is that China is still expanding modestly (anything above 50 is
Read More

EURUSD is caught at the moment in a fight between a monthly level at 3300 which happens to be a big number, and an attempt to break above a weekly level at 3400.  While it seemed like it would make a break earlier today, News from Spain’s Rajoy reversed the break above 3400 into a test of the 3450’s.  In the chart you can clearly see a support-resistance trend line coming off of the recent daily highs (Red angled line).  Hold below and look for 3300 to be tested again (probably with success).  A break and hold above and you
Read More

This is a nicely-done tribute to traders.  Enjoy.
Read More

    The chart above is an updated daily chart of the one posted yesterday.  These are fib confluence levels based on monthly measured moves.  As you can see at this point price has traveled deep into the support area and bounced out.  Today’s close will give a hint of a possible continuation of this long move.  Tomorrow’s close may be a better indicator.  There is a substantial amount of fundamental noise building a EURUSD short case.  Angela Merkel stepped out yesterday and made some statements about backing Spain as Spain and Italy’s borrowing costs were trending higher.  This makes
Read More

This is an amazing poem that speaks to the higher self or the guy controlling the donkey. These are higher concepts that are easy to ignore or push to the back burner. Stay away from that mistake. If trading has blessed you or if it has hurt you, this poem will speak to you. Listen to it daily. Enjoy.
Read More

 I was reading an article on Neuro Linguistic Programming (NLP) anchoring. It makes a good argument on how throughout our lives our behaviors and habits can be “anchored” to environmental triggers.  Being married to a psychologist, and a long time Tony Robbins fan, I’m in familiar territory in this discussion.  Erika, the author of the article, uses an interesting example to make the point of anchoring.  She mentions you common everyday red light and the almost subconscious reaction it gets from us as we approach one.  Without thinking we will step on the break.  Our breaking behavior has been anchored to
Read More

Jan. 25 (Bloomberg) — Bank of Italy Governor Ignazio Visco, Deutsche Bank’s Anshu Jain, French Minister of Finance Pierre Moscovici, Bank of America CEO Brian Moynihan, China Investment Corp.’s Jin Liqun and Bridgewater Associates Founder Ray Dalio debate the future of the global economy. Bloomberg’s Francine Lacqua moderates. They speak on the Bloomberg Television Special, “No Growth, Easy Money: Navigating the New Normal.” (Source: Bloomberg)
Read More