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- Eric D commented May 15, 2013
I am not really sure if the suicide rate rising is a consequence of the austerity itself as seemed to state the article (may be unwanted), but depression sure surges as a recession and unemployment come in the way, also indirectly yes, the steep ...
- Eric D commented Apr 5, 2013
Thought about the same thing, it might be going up on smaller TF, daily and weekly are still heavily down
- Eric D commented Nov 14, 2012
I really liked the way Sam Seiden wrote about the breakout strategy and the insight given by his expertise, it was an enjoyable reading, I was once one of those trying to buy the breakout out of the consolidation area without a buyout from the ...
- Eric D commented Nov 3, 2012
I feel weekly time frame has found rejection around the 1.3130 resistance near the 100 weeks EMA for a long term downtrend, daily chart shows price reaching lower for the past days nearing the 200 days EMA in a more like sideways market, so I would ...
- Eric D commented Jun 4, 2012
Well yes.. it does sound a little on the doom and gloom side as the author expressed, but there is a good point, being the Euro crysis as it is now, it will be hard for the EU Banks to bail all of the increasing debt, and some help from the US would ...
- Eric D commented Jun 4, 2012
I think it will depend on the timeframe you are trading in, I am bearish on dailys and weekly and bullish in the scalping intraday, so I see no problem as long as you trade what is on the chart at the moment and the next higher time frame, I might ...
- Eric D commented Jun 4, 2012
Greek officials confident on the EU funds bailout is to worry, for this may hurt the negotiations with the troika, sure it will be hard to get the economy again up and running for the so needed jobs. Besides that, I am bearish on the downtrend for ...
- Eric D commented May 30, 2012
I would say 1.5300 is the next most important support level, and momentum to the short side is copious.. still I'm not a fan of breakout trades, nevertheless both weekly and daily charts are an obvious down and there might be not a retracement ...
- Eric D commented May 24, 2012
It might not be a perfect Phillips curve but the idea behind it surely apply... less jobs means lower purchasing power and this of course tends to bring inflation down. What certainly jumps out from the table is the Greece and Spain crisis, that ...
- Eric D commented May 20, 2012
The title pretty much have said it all, the G8 still does not what to do but to worry about their own debt problems, austerity has hit them hard and wary markets as they say will have to wait a little longer, although I would not be surprised to see ...
- Eric D commented May 18, 2012
Human behaviour is in some way predictable I think (we are traders and that is what we do for a profit right?), who didn't see this coming? greed is a powerful market impulsor, yet this is amazing given all that trading volume.
- Eric D commented May 17, 2012
Oh yes, it looks like it has gone too far too fast and for too long, for me a retracement is more than likely, thus I agree, will wait until price action declares what price want to do next but I would not trust any counter trend move despite all of ...
- Eric D commented May 15, 2012
I believe this kind of retracements in commodities prices are natural, even for the gold, if you look into the long term charts (weekly) you may appreciate how it goes this way in a roller coaster form, do not preach for doom, better yet: Buy in ...
- Eric D commented May 15, 2012
Could it be the former? The latter? Both may occur, I would stick to the trend: Higher! And look for opportunities in the majors but first, I will be expecting a price reaction (may be some sort of consolidation) right at the 81.78 level before ...
- Eric D commented May 14, 2012
I use the MT5 with one of my accounts, it is slightly better in some aspects but there is still not so much difference if you are used to the MT4 platform (and not so much support and development for tools).. I would really like a "detach window" ...
- Eric D commented May 13, 2012
I found a nice quotation by Fyodor Dostoevsky: "A real gentleman, even if he loses everything he owns, must show no emotion. Money must be so far beneath a gentleman that it is hardly worth troubling about.".. may be even if it is 2 billion?
- Eric D commented May 13, 2012
Agreed, although all we can do is react to the current market condition, I would not take a short trade now (at least for the weekly TF), seems to be close to resistance, I might wait for a retracement in the 1,633 for the daily TF to think in going ...
- Eric D commented May 12, 2012
Well if you look into the COT data, commercials are really heavy on the upside (more than 6 times higher than non commercials); of course you would not bet on their timing since they tend to average in for different interests than speculators do.
- Eric D commented May 12, 2012
If the insiders make this kind of mistakes, imagine an unprepared speculator... I wonder how they have treated Schimmelbusch if he had been right.
- Posts by Member Search: 'Eric D'