Day traders have a long term love affair with the Euro Fx market. First traders must understand that the Euro FX is not the same as the forex EURO/USD. While they both represent the value of the Eurodollar Currency the difference lies in the actual contract.

Today's video will take a look at understanding where you are in the larger time frame. When traders begin intraday trading, a lot of them know about being aware of the larger time frame, but they tend to forget and it slips out of their mind. Let's see how these larger time frames can give got indications as to where supply and demand is in the market.

Inflation spun by politicians is the great "boogie man" of economics. Bond investors loath it as inflation reduces real returns. Central bankers detest it because if it shows up they are blamed and the politicians control central bankers' employment. The general public hates it because they have been told repeatedly it is bad and because in situations of hyper-inflation spending power is substantially reduced.

Both the Dow Jones and S&P 500 face price challenges at critical levels currently, particularly that of the rising 20d EMA. Let's take a look at these levels to watch and perhaps develop trades on any breakout from these levels.