Terrific article on site by the Great Martin Armstrong, What is Money. Dovetails with my last posts regarding interest rates and Inflation. I’m on the Heels of Martin Armstrong which means I’m doing just astoundingly fine, on the right track and growing even further. Money is Inflated by nature, its natural, can’t be stopped. To stop money inflated means economies die because we can’t borrow and lend, create more money and wealth. Its why Borrow and lend interest rates are so vital. Every currency by itself or by a matched exchange rate is inflated. But inflated creates markets, long and shorts, trends or dead ranges. Sometimes these central bankers create wide ranges, other times not. We could never go 2 X any range. Only question is what does the central bank want to do with its currency. What Armstrong introduces Purchasing Power, a topic I must view further in relation to my data. Borrow lend economically by citizens creates Purchasing power. Add Inflation to interest rate in Europe and we have nothing at 0.0001 Inflation. A bold statement in which I’m allowed to render, I am the central bank because my calculations are the exact same as every central banker in this world. Its why traders to my site never lose, nor will ever lose. 200 + trades are on the site to view for inspection. Most hit exact targets and reversed to mentioned levels. I call it my Statistical Price Paths because I offer traders opportunities to hit both long and short targets in every trade, every currency pair. Most done done within 1, 2 hours, sometimes less. I have spent my life to understand the currency price, literally for many many years. All would be surprised at the limited knowledge analysts and traders have regarding a currency price, a pip.
Last EUR/USD trade, long 1.1169, Target 1.1233 achieved, + 64 then short to 1.1201 + 32 yet price broke as mentioned to head lower so + 96 pips.
EUR/USD Today’s range is 58 pips total, 24 pips downside, 37 pips upside. Two vital points 1.1291, that’s the moving line written with Saturday’s Trade. Hasn’t moved hardly since Sunday opening. Bottom dropped to 1.0171. How can I possibly know all this. I do and its perfectly exact. We’re not goping to see much from EUR this morning.
EUR/USD. Bottom 1.1105. Range break above 1.1252, Below 1.1050. Overbought sell point 1.1226, Note targets coming down, slowly but coming down. Strategy. Longs above 1.1162, target 1.1226. Then reverse short to 1.1194 and lower upon break to see 1.1161 break. Points on the way up, 1.1167, 1.1180, 1.1194, 1.1210, 1.1226.
Shorts below 1.1161, Target 1.1133. Watch for reversal here to 1.1161 and break higher. Price below 1.1133 must break higher to see higher prices. Points on the way down, 1.1157, 1.1149, 1.1142, 1.1136, 1.1112, 1.1105 Bottom.
Brian Twomey, Inside the Currency Market, btwomey.com