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  • #6,081
  • Apr 1, 2008 7:04am Apr 1, 2008 7:04am
Quoting emda
it seems now that everybody has forgoten the bad news from US.... and gold is very cheap now... I remember with gold at 1000 and everybody saying... gold gold.. go to gold because is secure... heh and now is at 890
But 890 is not cheep gold, not when it was only 500-600 a year ago. And that was expensive compared to the 400 the year prior. So Cheep gold would be under 500$
  • #6,082
  • Apr 1, 2008 7:06am Apr 1, 2008 7:06am
bounced from the daily fork... and ranging between .50 and .38 retracements

that weekly S1... also is the .764 retracement
mmmm
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  • #6,083
  • Apr 1, 2008 7:14am Apr 1, 2008 7:14am
Hello everybody. Just starting my day here and see that we got a nice downtrend going during the London session. I think I will join the party on this bounce off the daily fib level.
  • #6,084
  • Apr 1, 2008 7:16am Apr 1, 2008 7:16am
Quoting Trade4Cash
Hello everybody. Just starting my day here and see that we got a nice downtrend going during the London session. I think I will join the party on this bounce off the daily fib level.
yes and be careful with the news in 2 hours.
  • #6,085
  • Apr 1, 2008 7:19am Apr 1, 2008 7:19am
Quoting emda
nice avatar jurrasic
as they are telling in cesarnc thread... it's april fools day... this euro sell is only a joke... hahaha :
a big one,...890 is not cheap gold, 100 is not cheap oil...period....if dolar is at 1.66, its bargain...
its just money
  • #6,086
  • Apr 1, 2008 7:21am Apr 1, 2008 7:21am
Quoting xxDavidxSxx
Did I mention weekly pivot last night?
Nailed it!

While current short time line trend is down, we are still on a long term up trend and the bottom of the trend has been hit quite a few times. Down before up? Most likely. Will it go up for sure? Who knows. Sitting and waiting.
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  • #6,087
  • Apr 1, 2008 7:23am Apr 1, 2008 7:23am
I know is not cheap... but with such an inflation... heh...
it's ok.. it is not cheap but rumors are that gold will go to 1500... but don't know...
  • #6,088
  • Edited 8:04am Apr 1, 2008 7:53am | Edited 8:04am
FX_Genius thanks for that cnannel tip, haven't seen it. Guess we should be carefull at mid 1.55..
Quoting emda
I know is not cheap... but with such an inflation... heh...
it's ok.. it is not cheap but rumors are that gold will go to 1500... but don't know...
Buy jewelry to your women now, it'll be be worth it later

EDIT: Well, well, well finally ! Very nice profits today after all
On the path to Enrichment.
  • #6,089
  • Apr 1, 2008 8:01am Apr 1, 2008 8:01am
All I have for now is



  • #6,090
  • Apr 1, 2008 8:06am Apr 1, 2008 8:06am
I see wthat looks like a channel for now..
http://img2.freeimagehosting.net/uploads/780850fb6d.jpg
On the path to Enrichment.
  • #6,091
  • Apr 1, 2008 8:10am Apr 1, 2008 8:10am
As I described, euro like to make a last rally befor a sharp fast drop. Yesterdays last rally, and last night/this morning drop, I would not recomend a long trade today.
The meeting of the oil company's could send this thing free falling. All the longs bailing out at once in fear of a $ recovery based on a possible decrease in oil prices.
  • #6,092
  • Apr 1, 2008 8:17am Apr 1, 2008 8:17am
Quoting xxDavidxSxx
The meeting of the oil company's could send this thing free falling. All the longs bailing out at once in fear of a $ recovery based on a possible decrease in oil prices.
When's that thing due to end ? (GMT time)
On the path to Enrichment.
  • #6,093
  • Apr 1, 2008 8:20am Apr 1, 2008 8:20am
Quoting xxDavidxSxx
As I described, euro like to make a last rally befor a sharp fast drop. Yesterdays last rally, and last night/this morning drop, I would not recomend a long trade today.
The meeting of the oil company's could send this thing free falling. All the longs bailing out at once in fear of a $ recovery based on a possible decrease in oil prices.
I agree. Given the convergence with short trend (Red/Green) and long trend (Purple) and having gone through weekly pivot (Blue) and mid trend (Yellow). If it breaks through long trend and holds it may be a quick ride down for a while. It also could bounce off of the long trend.
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  • #6,094
  • Apr 1, 2008 8:23am Apr 1, 2008 8:23am
Quoting emda
I know is not cheap... but with such an inflation... heh...
it's ok.. it is not cheap but rumors are that gold will go to 1500... but don't know...
Ive heard rumors that it will be 200
  • #6,095
  • Apr 1, 2008 8:36am Apr 1, 2008 8:36am
Deutsche Bank Expects Subprime Crisis Losses of $4 Billion
Perfect, and now USA financial crisis gonna take Europe and go together to the bottom.
But USD's price is including recession's risks, but euro isn't. So, little correction will be good for it. EU exporting economy depends of euro prices...
Fundamental >> tachnical My ICQ# 318501111
  • #6,096
  • Apr 1, 2008 8:42am Apr 1, 2008 8:42am
Quoting AlexeyN
Deutsche Bank Expects Subprime Crisis Losses of $4 Billion
Perfect, and now USA financial crisis gonna take Europe and go together to the bottom.
But USD's price is including recession's risks, but euro isn't. So, little correction will be good for it. EU exporting economy depends of euro prices...
Called this last month.

Europe runs 3-6 months behind US with problems.
Welcome back USD?
  • #6,097
  • Apr 1, 2008 8:43am Apr 1, 2008 8:43am
I think it is going to reach the monthly pivot at 1.5559
  • #6,098
  • Apr 1, 2008 8:45am Apr 1, 2008 8:45am
Guys if i tell you something you wouldn't believe me!!

I made the biggest and the dumbest mistake ever!! Instead of doing a buy order at 1.5890, I did a sell at that level. As soon as I entered, I saw my profit column go upto +30 in no time. Only when I looked at the charts to see how high it had gone, did I realise that its actually gone down, and that I went in short. I then let it ride, and placed my S/L at 1.5850 since it was free money. And looking at my profits column now, words can't express my feelings.

Who would have thought you could be rewarded like this for making a mistake.

  • #6,099
  • Apr 1, 2008 8:54am Apr 1, 2008 8:54am
Quoting mazdaz
Guys if i tell you something you wouldn't believe me!!

I made the biggest and the dumbest mistake ever!! Instead of doing a buy order at 1.5890, I did a sell at that level. As soon as I entered, I saw my profit column go upto +30 in no time. Only when I looked at the charts to see how high it had gone, did I realise that its actually gone down, and that I went in short. I then let it ride, and placed my S/L at 1.5850 since it was free money. And looking at my profits column now, words can't express my feelings.

Who would have thought you could be rewarded like this for making a mistake.

hehehe... it happened to me once.. but I closed it.. didn't let it ride.
it's good but don't expect to happen often... lol
  • #6,100
  • Apr 1, 2008 8:58am Apr 1, 2008 8:58am
Quoting Fx_Genius
Called this last month.

Europe runs 3-6 months behind US with problems.
Welcome back USD?
I think, USD have some chances to correct vs Euro, but he lost ome of authority and central banks will try to find another currencies for investitions.
Gold is trading under 900, it's a signal, that eu will go back to 1.5
Fundamental >> tachnical My ICQ# 318501111
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