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  • Cyprus Finance Minister Resigns

    From zerohedge.com

    As per the rumors reported in the overnight summary article, the Cypriot finance minister has joined the other rats dumping the sinking island: CYPRUS FINANCE MINISTER SARRIS SAYS HE RESIGNS SARRIS SAYS RESIGNS DUE TO ONGOING INVESTIGATION IN CYPRUS SARRIS SAYS CYPRUS PRESIDENT ACCEPTED RESIGNATION but fear not, all shall be well, the now ex-finmin promises: SARRIS SAYS CAPITAL CONTROLS WILL BE EASED GRADUALLY Surely, if this great news doesn't send the S&P to new all time highs, nothing will. His resignation, submitted by the Minister of Finance Michalis Sarris and agreed the President, confirmed by the ... (full story)

For the second time?
When the facts change I change my mind, what do you do sir
Good news for AUD and NZD and maybe YEN.
Quoting Pip Anon
For the second time?
Why the precious metal SLIPPED DOWN?
Quoting Dr.Zain
Why the precious metal SLIPPED DOWN?
I assume it's because the dollar is higher
When the facts change I change my mind, what do you do sir
  •  Guest
  • | IP XX.XXX.44.116
now it is below the current support
  •  Guest
  • | IP XX.XXX.44.116
what will be its immediate possible support?NMYQy
Quoting Pip Anon
I assume it's because the dollar is higher
Thanks for.the reply. Gold price headed down exactly with the news of Finance minister resigtnatiion!!!
again ?
Please wait. .. .. . if he says again "This not true" !!!!!!!!!!!!
KISS - Keep It Simple Smart !!!!
Quoting Pip Anon
I assume it's because the dollar is higher
Dola not high. If dola high EUR will drop
Quoting Zerd
Dola not high. If dola high EUR will drop
look at pounds, its drop on
first deny that there is resignation..then its true somebody is resigning but no letter of resignation is received....the truth will slowly come out...those who want to send the depositors to barber shop for haircut but don't want to get their own haircut will resign one by one....
There is always a price for promises you don't keep!
Quoting khaled_ctg
Please wait. .. .. . if he says again "This not true" !!!!!!!!!!!!
http://www.cnbc.com/id/100608964
Quoting Zerd
Dola not high. If dola high EUR will drop
I said higher. Euro will jump soon enough. No need to push it.
When the facts change I change my mind, what do you do sir
can somebody tell me the strong support for gold?
Quoting Gold Hunter
can somebody tell me the strong support for gold?
1525 obviously, but might not hold (long term)
Quoting IndigoPingvi
1525 obviously, but might not hold (long term)

what about for short term (today) ?
Are you into trend lines? Personally I've never had faith in them, but circa 1570 could be a key test. Similarly horizontal major support is circa 1575, monthly at 1542. The reverse in sentiment has been quite spectacular in today's sessions.

Quoting Gold Hunter
can somebody tell me the strong support for gold?
Quoting Pip Anon
I assume it's because the dollar is higher
Quoting Pip Anon
I assume it's because the dollar is higher
I assume that's not the Reason. Let us find some news from other web
  •  Guest
  • | IP XXX.XXX.234.95
can anybody tell me about pound what will be its support line because i am short in GBP??????
  •  Guest
  • | IP XXX.XX.245.30
I assume they are all jackass
Quoting Dr.Zain
I assume that's not the Reason. Let us find some news from other web
If you say so. I'm a currency trader. Blame it on the crap Euro/US PMI data, either way it's down.
When the facts change I change my mind, what do you do sir
Quoting Guest
can anybody tell me about pound what will be its support line because i am short in GBP??????
I wouldn't push it too much more. 1.5110 would hit a double bottom, but who knows with the momentum.
When the facts change I change my mind, what do you do sir
Quoting Pip Anon
I wouldn't push it too much more. 1.5110 would hit a double bottom, but who knows with the momentum.
thnx bro for ur reply
Which broker/s do you trade with from Pakistan?

Quoting thekiller
thnx bro for ur reply
Quoting thekiller
thnx bro for ur reply
No problem
When the facts change I change my mind, what do you do sir
Quoting Pip Anon
I assume it's because the dollar is higher
You are quit right, dol got strenght along with stocks on US factory orders and consumers centiments(these2 datas released after the Gold hitted its 2&12 weeks low?). This might be due to data lekage befor time???.One mai. reason is that Sudan's president announced.that Sudan exported 2.2 billions$ of gold in 2012!!!!
Quoting Squeeze
Which broker/s do you trade with from Pakistan?
i am using instaforex instead of reading bad reviews about instaforex ...........i still have to use it becoz we have no other choice xD
Cyprus will be out of the Euro soon, it will be better for them, the currency is too "expensive" for them.
I wonder what his bank account looked like as he departed from the sinking ship.

Pip Anon.....I enjoy your post my friend.
If that was my only option then I wouldn't trade.

Quoting thekiller
i am using instaforex instead of reading bad reviews about instaforex ...........i still have to use it becoz we have no other choice xD
  •  Guest
  • | IP XX.XXX.136.34
we all know that you need autobahnfx to get 0.5% per week, whereas most daytraders score 2-10% per week even with instaforex - that explains your attitude towards them (daytraders)
i can see that gold is following exactly the same pattern it had some months ago. if that continues, and that is highly likely to happen - we will see touching the 1525 level again. a short trade from around 1568-1567 would make a trade with very good rewards/ risk ratio.
Quoting longorshort
i can see that gold is following exactly the same pattern it had some months ago. if that continues, and that is highly likely to happen - we will see touching the 1525 level again. a short trade from around 1568-1567 would make a trade with very good rewards/ risk ratio.

thanks :d
Hey Anonymous, I'm struggling with your logic there, you think that using a poor platform, from a broker with a shocking reputation, will help you gain 10% per week? 10% per week is fantasy land, that's 500% per year (without compounding). You'd take all the money out of the market.

Quoting Guest
we all know that you need autobahnfx to get 0.5% per week, whereas most daytraders score 2-10% per week even with instaforex - that explains your attitude towards them (daytraders)
  •  Guest
  • | IP XX.XXX.136.34
500% might be a bit high but it is doable daytrading, even with average brokers. 0.5% per week isn't that bad either for a swing trader, but I agree, you will take out 50% per year at most.
No it isnt.

Quoting Guest
500% might be a bit high but it is doable daytrading, even with average brokers.
  •  Guest
  • | IP XX.XXX.136.34
If you can't do it, that does not mean it is not doable, admit it.
Sure gamblers playing with pennies in their micro accounts might get lucky for a month and pull out some outlier performance, let's say 30-40% one off. But no, 500%, grinding out an edge to give you a high income, let's say $500K in a year, is in the land of fantasy. Give me someone who can prove he can make 2% growth per week*, backing it with an impeccable detailed 12 month blotter etc, who has made it handling a fair sized account and his edge can be automated and he'd be one of the most successful traders I've ever seen.

*edit 2% per week, not month

Quoting Guest
If you can't do it, that does not mean it is not doable, admit it.
Consistent gain of 2% per month? Only top hedge fund manager. But even so, with the investment industry worn with fraud and lies, that number of manager drops significantly I'm getting close to having a great year with high gain per month month compared with those funds, if I show you a detail report you will give me a job in UK? hehe
IMHO the hedge fund space will begin to treat FX with far more attention, here's an interesting article on Automated Trader mentioning how hedge funds are beginning to wake up to FX as an asset class. After all this time Fx/hedge funds are tiny in comparison to equity funds, bizarre given the daily turnover of FX.

http://www.automatedtrader.net/articles/feature/142186/gaining-a-foothold-in-fx

As for your own performance what you need to do is keep a highly detailed yearly/two year record of your trading history, (even if it's with relative pennies) as if you can demonstrate that you have an edge which can be automated, which you can repeatedly exploit, whilst controlling risk to a minimum it's worth you sending out cv's to Co's that want systematic quantitative traders..

Quoting ssshhhh
Consistent gain of 2% per month? Only top hedge fund manager. But even so, with the investment industry worn with fraud and lies, that number of manager drops significantly I'm getting close to having a great year with high gain per month month compared with those funds, if I show you a detail report you will give me a job in UK? hehe
thanks for the information. I was kidding about the job in UK, if you do not, the Rio de Janeiro continues beautiful and São Paulo is cool, hehe. But about the gains are real, is an institutional account above 500k trading stocks and option from Brazil's companies and FX, We are close to do big things here.... breathtaking..
Quoting longorshort
i can see that gold is following exactly the same pattern it had some months ago. if that continues, and that is highly likely to happen - we will see touching the 1525 level again. a short trade from around 1568-1567 would make a trade with very good rewards/ risk ratio.
Quoting Gold Hunter
thanks :d
@goldhunter, did you open a short trade at around 1567-68?

it has broken the 1554 support and dipped down to 1550. although it has been hovering around 155-56 now, we will see more action tomorrow. it's just some traders who are wanting to make quick profits are closing their short trades hurriedly. and that has held it back from falling down further today.

tomorrow it will continue it's fall and possibly see the support level of 1530 and then fall through it to reach the 1525 level.
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  •  Guest
  • | IP X.XXX.221.90
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  • Story Stats
  • Posted: Apr 2, 2013 8:15am
  • Submitted by:
     Newsstand
    Category: Medium Impact Breaking News
    Comments: 43  /  Views: 9,045