A super deal on the U.S. dollar

I thought the following was a good article worth sharing on the US Dollar by Jack Crooks. Several good charts too.

http://www.moneyandmarkets.com/a-super-deal-on-the-us-dollar-5-28900

The average daily ranges are still out of their normal bounds. I will try to update the charts on those soon.

Patty

Market condition, good info

I thought I would post some links to what I found to be good articles on the current market conditions and what is going on behind the scenes that might not be hitting the economic calendars. Hopefully the links will be good for awhile.

Check out:
http://finance.yahoo.com/banking-budgeting/article/106201/Ignore-the-Stock-Market-Until-February

http://www.forexfactory.com/news.php?do=news&id=132147

As much as investors would like to see things turn around, the data and conditions still support the bear market. This will likely be a week of high volatility due to end of month and ISM and non-farm payroll data hitting.

Typically we see a 'Santa Claus' rally in the markets close to the holiday. We'll see if this year repeats or not.

I trade Forex not equities. Current recommended strategy is trend following. With the Paradise auto-trading program you can follow the trend direction but still use the counter-trend method of multiplying lot sizes on reversals. See http://www.secretsfromtheheart.com/ for more info.

Index Daily Ranges in extremes

Below are screen captures of the DOW and some of the main currency pairs showing clearly how the daily ranges have way exceeded their 'typical' bounds. Due to these huge swings, trading strategies and settings must be altered until once again the indexes return to a more 'normal' pattern. (DOW is a 4 Hour chart, the others are Daily timeframes.)
These charts were created using the MetaTrader 4 platform, the Average True Range indicator with a period of 3 and applied Simple Moving Average with a period of 12.