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  • US May consumer sentiment rises to highest in nearly six years

    From reuters.com

    Consumer sentiment rebounded in early May to the highest level in nearly six years as Americans felt better about their financial and economic prospects, particularly among upper-income households, a survey released on Friday showed. The Thomson Reuters/University of Michigan's preliminary reading on the overall index on consumer sentiment rose to 83.7 from 76.4 in April, topping economists' expectations for 78. It was the highest level since July 2007. The barometer of current economic conditions jumped to 97.5 from 89.9, the highest since October 2007, while the gauge of consumer expectations gained to 74.8 from ... (full story)

They are back on their feet, but one bad news from Europe and everyone will be f*cked
sheety| May 8, 2013
1435 below dont hold gold it may give 100$ fall below 1435 below.
DID 65 $ left 35 will do today
just chk my old post
best time for a long EURUSD @ 1.28 and short on USDJPY @103.00

everyone is too confident in the dollar and it's friday
We are NOT back on our feet! It is mere sentiment, expressed by people with their own agenda, (just like the IRS investigating the opposition parties before the election). No actual facts yet to indicate an upturn. It is almost irrational. There are at least 3 scandals brewing in the White house that will still shake the markets up a lot in the next couple of weeks. I, personally, and a lot of sub-contractors I spoke to this week, are not confident at all about the rest of this year's business environment.
CA Bez -
right time to buy EUR/USD... long at 1.2800....
Bloomberg's poll cannot be trusted. Michael B himself and his own political outlook are influencing the company to produce results that are slanted to indicate the way he wants it be, to support his pal, Mr O's socialist agenda. There are a lot of other news, by the opposition media, NOT indicating the same optimism.
CA Bez -
I agree with Thamil -long Eur Usd @1.28 - it is almost too obvious.
CA Bez -
Spot on. It's an incredibly OTT, myopic, pro big business publishing firm with far too much power. Frightening to contemplate just how influencing it is. I wouldn't say it necessarily supports Obama, it supports the Wall St agenda whoever is in power.

Quoting CA Bez
Bloomberg's poll cannot be trusted. Michael B himself and his own political outlook are influencing the company to produce results that are slanted to indicate the way he wants it be, to support his pal, Mr O's socialist agenda. There are a lot of other news, by the opposition media, NOT indicating the same optimism.
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
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  • | IP XXX.XX.101.67
Bernie talks today no telling what he might say that will change sentiment towards the dollar. With the dollar kicking everyone's ass at the moment and Bernie wielding so much power and influence wouldn't be easy for him to make a couple of negative remarks and turn the market sentiment against the dollar and all of his banker friends start profiting?
You guys are jokers, if I were you I will not bet against the dollar anytime soon, long usdjpy is making alot of sense my total pips now is like 650+ and lots of added positions, JPY is devaluing its currency what good effect would that be for them..EURUSD, be very careful France has a whole lot of mess, EUR has a lot of variable to affect itself negatively..if I were you i will look into GBPUSD and USDJPY those pairs are awesome if you follow it well. if I had left my long on usdjpy since august I will prob be at 5000+ pips by now...don't be fool by traders idea..most of the know nothing..follow the economy of the pairs you want to trade and check you the trend and I am sure you will make a positive trade...I have learnt a good lesson.
it's time to long on gold!
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  • | IP XXX.XXX.185.14
Quoting pcca-matrix
best time for a long EURUSD @ 1.28 and short on USDJPY @103.00

everyone is too confident in the dollar and it's friday

why fight a strong trend like this ? only a blind trader cant see the strong monthly , weekly and daily up trend on USDJPY , don't hope for the trend to change , most of selling dollar now have been selling it the past a few months and weeks and keep losing money so why not learn the lesson and go with the trend ? wait for the pair to make a correction to the downside and buy it , stop trading with your emotions .
Quoting Guest
why fight a strong trend like this ? only a blind trader cant see the strong monthly , weekly and daily up trend on USDJPY , don't hope for the trend to change , most of selling dollar now have been selling it the past a few months and weeks and keep losing money so why not learn the lesson and go with the trend ? wait for the pair to make a correction to the downside and buy it , stop trading with your emotions .
Dear Guest ,

1) I'm never trade with emotions !
2) my strategy is based on currency strenght Tops and Bottoms.
3) to be sure this strategy is emotion free all is managed by a self made EA.
4) i'm trading this strategy for 6 years now with a decent wining ratio.

This is a long term strategy i manage money from my friends and familly for 5 years nows. (ROI 61.84% / 5 years) with no stress like scalper style.

When i buy USD/JPY last year in september @78.64, all comment like you "dont fight trend" "always follow trend " "USD/JPY hit ground 50.00 " etc.. etc..

I'm closed this trade last week @ 100.50 (2184 pips) same for my sell GBP/NZD (2087 pips).


My goal is 5K-10K pips years with only 30-50 trades Maximum.

Drawdown is part of business. Large SL is always set . i'm not scalper it does not interest me to do a lot of trades and enrich brokers instead of me and my friends.

So what lesson did i learn ?

You wait correction or trend change it's your style , mine is try to anticipate a change and catch a big moves.

Regards,
  •  Guest
  • | IP XXX.XXX.185.14
Quoting pcca-matrix
Dear Guest ,

1) I'm never trade with emotions !
2) my strategy is based on currency strenght Tops and Bottoms.
3) to be sure this strategy is emotion free all is managed by a self made EA.
4) i'm trading this strategy for 6 years now with a decent wining ratio.

This is a long term strategy i manage money from my friends and familly for 5 years nows. (ROI 61.84% / 5 years) with no stress like scalper style.

When i buy USD/JPY last year in september @78.64, all comment like you "dont fight trend" "always follow trend " "USD/JPY hit ground...
interesting essay my friend , but what are your technical analysis behind selling USD/JPY at this rate ? when the only clear and strong Resistance is at 109.50 levels ? anyway you may trade the way you like however since you do fight trends and try to enter early to catch a big move then good luck with that , for me personally I am long since 90 and I am aiming for 109 levels , I am not taking a free ride in the market stop loss is set at break even and my analysis show the the pair will hit 109 before it can hit my SL at 92 . we shall meet again after 2-4 months and see what happens , till then i wish you happy trading
Quoting Guest
interesting essay my friend , but what are your technical analysis behind selling USD/JPY at this rate ? when the only clear and strong Resistance is at 109.50 levels ? anyway you may trade the way you like however since you do fight trends and try to enter early to catch a big move then good luck with that , for me personally I am long since 90 and I am aiming for 109 levels , I am not taking a free ride in the market stop loss is set at break even and my analysis show the the pair will hit 109 before it can hit my SL at 92 . we shall meet again...
technical ?

On monthly USD/JPY is approaching 200 EMA @ 103.49 on my chart (probably the most important S/R)

Rsi @ 77.89 , higher seen in is 1996 75.661 before a sudden fall of more than 3000 pips

My home made currency strenght indicator is at the top of 18 month 8.79 the high is (8.95 never reached in past 5 years in so short period over all currency in my calculation )

for the trade my sl is mentally between 105.00 and 105.50

TP between 97.00 - 96.50 (Fibo 23.6) if Bernanke is not starting to be dovish on this w-e otherwise I target 92.50 - 93.00 (Fibo 38.2)

here is the technical reason.

I never mention that I was sure to succeed, but I believe that these conditions are sufficient for entering now. with a good R/R

Congratulation for your trade @ 90.00, I might be keeping mine a bit more

good trading to you too my friend and have a nice week-end

PS: a scalper would have already been happy with 40 pips gain euro after the news
Consumer enthusiasm .


:30 USD Continuing Jobless Claims 3,009K 3,000K 3,013K
08:30 USD Core CPI (MoM) 0.1% 0.2% 0.1%
08:30 USD Core CPI (YoY) 1.7% 1.8% 1.9%
08:30 USD CPI (YoY) 1.1% 1.3% 1.5%
08:30 USD CPI (MoM) -0.4% -0.2% -0.2%
08:30 USD Housing Starts 0.853M 0.973M 1.021M
08:30 USD Initial Jobless Claims 360K 330K 328K
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