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USD/JPY Discussion

  • #6,701
  • May 18, 2008 4:20pm May 18, 2008 4:20pm
Quoting Pb53chevy
Does anybody have an thoughts for todays trading?
Wait until about 8:30 PM EST or 3 Hours and 11 minutes from now. See if any news due out of Japan. See if any News out of USA tomorrow. Look at data scheduled out of Europe.

In other words do some homework and be patient. Good Trading...

Bruce
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  • #6,702
  • May 18, 2008 4:21pm May 18, 2008 4:21pm
Please Read...


Link:

http://www.sprott.com/pdf/investorsdigest/digest.pdf

Bruce
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  • #6,703
  • May 18, 2008 5:27pm May 18, 2008 5:27pm
Quoting Pb53chevy
Does anybody have an thoughts for todays trading?
That's a good question ....
  • #6,704
  • May 18, 2008 5:34pm May 18, 2008 5:34pm
Please Folks - A Must read for All...

Keep in mind that to trade properly you need to understand what is happening with Gold and Oil and the US Dollar.

Especially trading USD/JPY

I am giving you for free the benefits of my 9 years of locating these great and knowing information sources.

Here is the link...

Link:

http://news.goldseek.com/Internation...1211148360.php


Bruce
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  • #6,705
  • May 18, 2008 5:38pm May 18, 2008 5:38pm
You Read It And Decide...

All points of view should be examined and it is your decision to decide which makes most sense. Better that then to keep your head in the sand.

Here is the link...

Feedback and comments are welcome !!!

Link:

http://news.goldseek.com/ClifDroke/1211138541.php

Bruce
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  • #6,706
  • May 18, 2008 5:51pm May 18, 2008 5:51pm
THE MoGAMBO Guro Speaks...


http://news.goldseek.com/RichardDaughty/1211136770.php

Funny Stuff and Good...


Bruce
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  • #6,707
  • May 18, 2008 5:57pm May 18, 2008 5:57pm
Short at 104.80


Strategy: [email protected] Last week"s failure to break 105.70, with a soft close on Friday is a bearish scenario, with another test of the range base at 102.60/70 favoured in coming sessions.

Daily studies are net bearish, though at mid levels and the hourlies are in neutral territory. Our strategy is to sell a topside failure.

For myself I will watch the patterns for a few hours before I put on a trade.
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  • #6,708
  • May 18, 2008 6:43pm May 18, 2008 6:43pm
Your links have been very informative......Kind of makes me want to sell all my holdings and pay of my debt.
"Keep your eyes on the helpers" - Mr. Rogers
  • #6,709
  • May 18, 2008 9:05pm May 18, 2008 9:05pm
Quoting Warren Forex
This article will explain what is being done by the FED to make things even worse though short term it might help.

Try to see why it will make things even worse.

Here is the link:

http://www.washingtonpost.com/wp-dyn...051700162.html

The FED in some ways has no choice. Their mandate from 1913 just might be coming to a end over the next 5 years if the system indeed does collapse. During the week keep your eye on the price of Gold. If it stays above $900 that is bad for the US Dollar. Oil continuing to hold or move up is bad for the US Dollar to say nothing about consumer spending which makes up 70% of the GDP in the USA.

In case some are not aware most mortgages if not all in the USA are tied to the LIBOR rate out of Europe for mortgage rates. While the FED cutting to 2% might be some help to consumers the damage it did to the US Dollar losing value since August 2007 caused Oil to move up along with Gold a major INFLATION indicator.

That is why the FED plays with CPI and PPI and trys to suppress the price of Gold.

Jim Sinclair of WWW.JSMINESET.COM explains this every day along with the many intelligent associates who are called contrarians.

Inflation is not caused by rising prices as much as it is caused by the FED stealing money from USA citizens and anyone owning US Dollars by printing way too many of them depreciating it's value.

As long as Americans do not understand this and let the game continue then the US Dollar will keep losing it's value.

Ron Paul probably the most knowledgeable US Congressman and a candidate for President this year has been telling the truth to the US public but to no avail. The world is changing quickly and the USA is not going to retain it's powers of the past. When Richard Milhous Nixon decoupled on August 15, 1971 the US Dollar from Gold the BEGINNING of the END had started.

When Greenspan the BEST Banker the FED ever had set interest rates at 1% for way to long the USA got their housing bubble and also the FRAUD started with the REAL WEAPONS OF MASS DESTRUCTION. "DERIVATIVES"

We probably will see another TRILLION Dollars of writeoffs this year in the banking community around the world including all the USA banks. Of any bank in danger of going out of business it is JP Morgan with 75 Trillion Dollars of LIVE DERIVATIVES.

BRIC is the New World Power to come whether we like it or not.

Brazil, Russia, India and China.

Knowing these facts allows you to start to ignore the BS and SPIN.

The FED purposely causes inflation. Why ? They are Bankers looking to get richer and richer. The USA has lost it's manufacturing base.

The YEN will again become one of the world's stronger currencies and the US Dollar will replace it as the carry trade currency.

The FED dare not raise rates just yet as that would put the final nail in the coffin. They do not have much more left to cut.

What can they do ?

Not much more as they are about to lose control and then the forces of nature and economics take over.

Recession is here and it will get much worse. Recession is NOT coming to China. They have the most people in the world. Russia has plenty of raw materials to sell them as does Canada.

The US Empire just like other's before them like the Roman Empire do not exist anymore.

You are living HISTORY and who knows what tomorrow will bring however prepare for it or you will be like the ignorant masses too busy having fun watching reality shows and just doing what all morally bankrupct countries do near the end. Party On Until The Party Ends.

The Party Is Over In The USA...Not Good But True. Be Wise, Be Strong, Be Intelligent and Be Rich. Buy Silver, Yen, Canadian Dollars, Get out of Debt.

Good Trading Week To All.

Bruce

Thanks for your great analysis!!
I just started trading forex about a month ago, so Iam still a newbie.
It really helps alot by reading your comments.
I actually have better idea about the REAL situation!!

naOki
  • #6,710
  • May 18, 2008 9:07pm May 18, 2008 9:07pm
Quoting damonl
Your links have been very informative......Kind of makes me want to sell all my holdings and pay of my debt.
Pay off some debt. Put some money into Silver. Buy some Yen and follow USD/JPY to 100

Range is 103.92 to 104.27

Now at 104.10 and EUR/JPY is 162.12

EUR/USD high is 1.5601 and now at 1.5569

Quiet No News... Good Night...
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  • #6,711
  • May 18, 2008 9:14pm May 18, 2008 9:14pm
May 18, 2008 10:13 PM

I was just about ready to pack it in when I saw the Jim Willie editorial Pop Up on WWW.321GOLD.COM Another GREAT FREE information resource site.

Here is the "Jim Willie" Link...

Link:

http://www.321gold.com/editorials/wi...lie051608.html


Bruce
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  • #6,712
  • May 18, 2008 9:16pm May 18, 2008 9:16pm
http://www.mindfully.org/Reform/2008...nomy1may08.htm


Bruce

Really going to bed now...
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  • #6,713
  • May 18, 2008 9:17pm May 18, 2008 9:17pm
Quoting Warren Forex
Pay off some debt. Put some money into Silver. Buy some Yen and follow USD/JPY to 100

Range is 103.92 to 104.27

Now at 104.10 and EUR/JPY is 162.12

EUR/USD high is 1.5601 and now at 1.5569

Quiet No News... Good Night...
Interesting, but only time will tell .......
  • #6,714
  • May 19, 2008 5:54am May 19, 2008 5:54am
ok bruce, i do have factoid that you al goreites seem to convieniently overlook with your supreme court conspiracy rethoric. tennessee was the key not florida. gore lost his home state where he was senator for three terms and vp. got his butt kicked by at least 10%. look at the college electoral votes and make the change to the totals, gore wins without florida. cmon dude, you have all of this good info and yet you missed that one??? besides, florida's voting rules were put in place by dems in 1990, they should have been using conputers back then, not paper. the press bought into the whining instead of pointing to the stupidity of the voter and the people who made the rules, and so have you i see. in my state, we have been using computer voting systems for 15 years with no issues except the first year, since it was new, and we have the 4th largest population of old people.

as for the wars, gore would have 100,000 troops in darfur and other african nations on "peacekeeping" missions, so there would be no difference except for location.

t boone pickens says we send 400-600 billion overseas on oil sales a year, which is more than what the wars have cost since 2001, that is our real problem. the developing world has surpassed the u.s. in demand, and there is no new supplies coming online to cover the demand. the u.s has been neglecting an energy ploicy long vefore the " neo-cons" took over, and we are paying the piper on that.

the country is a mess, i agree, but let's not politicize all of this here, make another thread and we can banter there til our hearts content!!!

i am more interested in what you said you were going to do, make call on where the market is going. links are cool, i like the info and where these guys think the market is going.

thanks
  • #6,715
  • May 19, 2008 6:21am May 19, 2008 6:21am
jus wanna share wit u guys...

among d best of d best in d business

http://www.bhcinvestment.com/


MOD, if u find it unsuitable, plz let me noe.. i will delete d link...
Swinger Club
  • #6,716
  • May 19, 2008 6:24am May 19, 2008 6:24am
May 19, 2008 7:05 AM

Good Morning

What you see is what you get. Whether you accept my position or style it is what it is. Trading Forex is both economic, geopolitical and human nature. Rather than debate the different views and perceptions the main purpose of my posting here is to try to help those who really are interested, serious and prepared to invest the time to learn how to be a consistent winner in Forex.

My role is not to tell anyone what to buy or sell and when. You can feed fish to people but it is much better to teach them how to fish for themselves.

Perhaps the most important characteristic required in Forex or any kind of trading is the makeup of the trader.

If you have serious problems with your ego, you deal with your fears while trading, you count on profits to survive or to buy a Ferrari then you will 100% end up as one of the 95% losers in Forex.

Work on yourself, do your research, make your own decisions, do not blame anyone for your position in life.

Here is perhaps one of the best things that I can do to help you and your Forex trading. For a few dollars, under $20 buy the latest copy of the book that I still read and have bought hundred's of copies of to give to people that I think are ready for a positive change in their life.

This book will help you conquer the 6 fears of life we all deal with everyday.

(1) Fear of Poverty
(2) Fear of Self Criticism
(3) Fear of Loss of Love
(4) Fear of Loss of Health
(5) Fear of Old Age
(6) Fear of Death

I have really conquered all these fears.

The book is called "Think and Grow Rich" The Author is Napoleon Hill.

The odds are very good that if you do not buy and read the book within the next three months you will not improve your Forex trading.

Why is that ? The Winners here will tell you one day. Have a Great Week and have FUN reaching your goals.

Persistance, Life Experience, Hard Work and DESIRE are the KEYS to Success

They are more than words. They are a way of life.

Bruce
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  • #6,717
  • May 19, 2008 6:27am May 19, 2008 6:27am
Quote
My role is not to tell anyone what to buy or sell and when. You can feed fish to people but it is much better to teach them how to fish for themselves.

yar.... i like dat statement

learn to fish, not beg for fish ...
Swinger Club
  • #6,718
  • May 19, 2008 6:27am May 19, 2008 6:27am
Quoting lowyat82
jus wanna share wit u guys...

among d best of d best in d business

http://www.bhcinvestment.com/


MOD, if u find it unsuitable, plz let me noe.. i will delete d link...
Read My Post and in a diffferent way slightly it says the same thing that I just posted.

Thanks and Good Trading. Buy the book and read it. You just might be one of those winners in life and in Forex.

G-D Bless


Bruce
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  • #6,719
  • May 19, 2008 6:39am May 19, 2008 6:39am
http://www.actionforex.com/latest-ne...2008051646309/


Bruce
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  • #6,720
  • May 19, 2008 7:01am May 19, 2008 7:01am
http://www.marketwatch.com/news/stor...C116E3398FD%7D


Bruce
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