There are four key areas every driver should know about their tires in order to extend the life of the tire itself and maintain safe driving conditions throughout the life of the tire.

Tire pressure or inflation is one area that needs special attention since there can be confusion surrounding what pressures the vehicles tires need to be inflated to. If you were to look at the tire pressure written, or molded, into the side of the tire itself you would believe that you were to fill the tire to that pressure specification, when in fact the vehicles tires are to be filled to the pressures specified by the vehicles manufacture. This tire pressure can be found either within the owner’s manual or typed to a sticker found on the driver side door jamb and sometimes can give different pressure for both the front and rear tires.

Tire rotation or moving the tires from one corner of the vehicle to another can extend the life of the tire up to three hundred percent longer. The steering tires located at the front of the vehicle are exposed to, what is known as, camber and caster. Camber is tilt of the wheel designed into the vehicle to aid in the chico car wash ability to steer. Caster is the tires angle toward each other in order to aid the vehicle in moving in a straight line. Over long periods of time both camber and caster can accelerate the wear upon the vehicles tires. As a general rule of thumb if your vehicle has rear-wheel drive the right rear tire should go to the front left tire and the left rear tire should go to the right front tire, also the right front goes to the right rear and the left front goes to the left rear tire. If your vehicle is front-wheel drive the right front to the left rear, the left front to the right rear, right rear to right front, left rear to left front.

Tire tread is likely the most important safety aspect to the maintaining your vehicles tires. Tread is used to provide channels for water, snow and dirt to separate from the roads surface allowing the rubber surface of the tire to come in direct contact with the roads surface. Over time the tires rubber will wear and these channels will reduce in size. When this happens the material the tread is designed to separate can actually begin to lift the tires rubber surface away from the roads surface. The worse the wear to the tread the more lift, resulting in lower tire grip.

In most states tire tread is regulated by law to be at a specific depth if a tires tread is under the state limit the vehicles owner can be fined and have the vehicle impounded. In order to prevent this from happening there are two methods widely used to measure the tire for proper tread. The first is known as the penny method. With a penny in hand take the Lincoln side of the penny, upright, and place it within the tread. If the tread is below Lincoln’s eyebrow the tire should be replaced. The second and more accurate way is to buy a tread measuring tool at a local auto-parts store.

Tire cost is not that much different then any item you may need to purchase, you get what you pay for. Although there are tires currently on the market that are both good quality and cheap the general rule is the higher the quality the higher the cost. Remember tires are an important part to safe driving, consider this when shopping for tires.

So, should you short the Euro this week?

There are economic and technical reasons to short the Euro. If I had to pick a direction I would say EUR/USD is going down. However, I will not be selling as there is no clear signal on my charts.

But this is not about me. Who cares if I am going short, the question is should you short the Euro this week?

I cannot tell you if you should sell but I can show you why selling too early might be dangerous. Many people are saying that EUR/USD has broken support but EUR/USD is still stuck on support.

The weekly EUR/USD chart above shows a large reversal from the 1.2850-1.2900 support area in January 2011. It also shows a three week struggle by the Bears to break the 1.2850-1.2900 support area in December 2012. During the three week week struggle the price reversed almost 200 pips after touching the support area.

The 1.2850-1.2900 area has a long history of causing massive reversals in price. In fact ever since the inception of the Euro this area has been causing trouble.The weekly EUR/USD chart below goes back to 2008 and shows the 1.2850-1.2900 area acting as both support and resistance.

Why are people saying that support on EUR/USD is already broken? Support is far from broken and selling EUR/USD right now (2012-05-14 6:00 GMT) is far from safe.

Do not get me wrong, I am not saying that EUR/USD will not fall. I already said that if I were forced to pick, long or short, I would short.

The point I am trying to make is that EUR/USD is fighting a significant area of support right now. Selling into support is very dangerous, you don’t sell into a group of buyers.

If you want to sell EUR/USD my advice is to wait for support to break.

I will leave you with one final thought. It is a well known fact that most amateur traders fail. Forex mega robot ( http://www.forextradeformula.com/ ) forums and blogs are full of amateurs. Do not enter a trade because everybody else is doing it. Do your own analysis, do your own research and think before you trade.

Like this post? Hate it? Want to share your opinion? Comment below!

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