The Mayans needs to come up with a new calendar.

Congratulations! The Mayan doomsday did not happen and the world did not end today, as it had for millennia. There are no killer rocks from space, no deadly pandemics, no zombie apocalypse, no massive radiation from the sun, no super volcano eruption, no magnetic poles shift, no stopping of the earth's rotation, no alien invasion, no machine take over, no world war 3, no nuclear war, no new ice age and life goes on.

Your loved ones are still with you but you still have to pay your bills, deal with your problems and your boss will still be there at work.

On the bright side, I will get to say merry Christmas 2012 and a happy new year 2013!

Weekly review issue #4 (9-13 April 2012)

I am changing my weekly reviews chart time frame to H4 from this week for the big picture view.


EURUSD



Last week, my pending orders got stopped out because of the move generated by the FOMC news release. The dive down took out 3 zones, both strong and weak, and eventually stops at the demand 1.304. It will probably retrace to at least the supply at 1.315. Should a break through at 1.315 occurs, the next supply will be at 1.324 and then 1.334.



AUDUSD



The aussie looks like it's headed for a retracement to 1.036 before continuing the downward channel, going towards the daily demand at 1.02. I seldom use trendlines but this looks so nice on this chart.



XAGUSD


Silver took a big hit from the expectation of no QE3 in the next few months. Similar to the aussie, it looks like a retracement to supply 32.7 is in order. My long at 31.2 had triggered and I am holding it to at least 32.5.


Pending orders

None for now. Will add some on market open.