In the present

Time is increasingly slipping by without us noticing. Have you taken a ride somewhere and when you get there, you don’t remember the trip? Or we walk into the kitchen and forget what you went in there for?

Most of the time we’re living life on autopilot. We’re missing everything due to being “inside our head” thinking. The worst part is that most of thinking isn’t useful, it’s damaging to us.

Say you go to an interview, is your mind generally calm and positive? Or is it thinking up scenarios of failure, predicting that you’ll be asked awkward questions and causing anxiety and worry? Say you go on a date, is your mind calm and focused on having fun with your date? Or is it worrying about what the other person thinks about you, what to say next, or if you picked the right shirt?

In stressful or emotional times the thinking can take us over and we struggle to get control of it. For some this can cause serious mental suffering like anxiety and depression, and it can take it’s toll on us physically, with headaches, feelings of tightness or tension in our body.

Being present means to be alert in the present moment, experiencing whatever happens without judgement. When we’re present we’re right here, not off in our head thinking about the past or the future. You’ll be amazed when you become aware of the amount of time you’re in your head thinking instead of being in the present moment!

Using meditation and other presence techniques we can gradually decrease mental noise and increase our ability to deal with emotions and tough situations. We’ll also build our skill in reigning our focus in to one specific task or thing, with no mental distractions, which is incredibly powerful in many areas in life and very useful in trading

EURUSD Expectations

The anticipated reversal has materialized in the EURUSD and we can now focus on how far the rally is likely to extend. Elliott wave guidelines state that wave 4 often alternates with wave 2 of the same degree with respect to character. In other words, if wave 2 is sharp and simple then expect wave 4 to be shallow and complex. Wave 2 (13003-13384) was sharp (retracing 78.6% of wave 1) and simple (3 wave zigzag) thus we should expect wave 4 to be shallow and complex. Shallow means a 23.6%-38.2% retracement of wave 3. The corresponding levels are 12378 and 12570. Daily RSI will help us time the end of wave 4 as well but we’ll deal with that when appropriate.

British Pound: Holds Range Despite Largest GDP Contraction Since 2009

The British Pound held the range-bounce price action from the previous month despite the dismal GDP report, and the sterling may continue to track sideways over the near-term as market participants weigh the outlook for monetary policy. Indeed, economic activity contracted 0.7% in the second quarter to mark the biggest decline since the first three-months of 2009, and the deepening recession may encourage the Bank of England to expand its balance sheet further as central bank officials see a growing risk of undershooting the 2% target for inflation. As the GBPUSD continues to hold above the monthly low (1.5392), we should see the pair hold steady ahead of the BoE interest rate decision on tap for August 2, but we may see the central bank refrain from releasing a policy statement should they revert back to a wait-and-see approach.

You can keep an eye on fundamentals over at forexpros.com they have an excellent calender

Currently I'm using RoboForex along with MetaTrader 4 platform as I found their market refresh rates the highest with no drops on orders

my target im going with the 4 hour chart and midd term supp kicks in 1.5380, but chances are that we head lower then monthly S1, its just a small break for the bears. then things could get real ugly if we head much lower.

Roll Up

Sick new remix by Baauer of Flosstradamus
http://soundcloud.com/foolsgoldrecs/rollup-baauer-remix

Dark Knight Rises Thoughts

(Spoilers)

Initially after watching The Dark Knight Rises I was really happy with what I had just seen and thought Christopher Nolan had achieved what few other directors were able to before which was to create a trilogy where each film is good and compliments the others. I loved the ending and I loved Bane and I loved Catwoman but then I began thinking more about it and now I’m just pissed off with the film that I saw last night.