Jack the Pipper

An observational study of 12 million actual forex trades made in the course of one year showed that traders are right more frequently than they are wrong. They win 59 percent of the time and lose only 41 percent.

The plunge in the euro has been a great trade for Black Swan Forex subscribers. We’ve been in and out of it many times on its trip lower.

I noticed, at least up until yesterday, the one-trick pony gold-loving-dollar-hating sound-bite morons were still doing interviews on the financial TV channels (I don’t watch TV but see it second-hand via the internet).

Today the Federal Open Market Committee wraps up its latest monetary policy meeting.

On Friday, a rumor was leaked that these banks failed the test. And the market rocketed higher.

Oscillators have turned down on 360-min and daily basis. Looking at this morning’s high as minor Wave 2 completion; setting the stage for Wave 3 down with scope to test the recent swing low at 1.2499 (labeled Wave III).

Is the US dollar as the world reserve currency, becoming increasingly dominant and will it be likely with us for many years to come?

Needless to say, I have been burned on my latest couple of attempts to pick a top in this yen move. But on a daily basis it seems we have divergence into this high and on a 360-min view.

Maybe England and Scotland just gave the world a view of just how democracy really should work. To that we should all be grateful.

Quite possibly the correction lower is complete based on a series of small three-wave moves labeled (a)-(b)-(c) or Wave II…