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  • #101
  • Aug 20, 2008 8:02am Aug 20, 2008 8:02am
Quoting Srikanth
8000-9000
reason? It rallied from 11000 to 14k and you expect it to shed 6k points boy that wud be a huge drop!
  • #102
  • Aug 20, 2008 8:19am Aug 20, 2008 8:19am
Indian markets are firmly in bear grip.....as everyone knows bears are one lazy animals they tend to loosen the grip every now and then which is called a bear market rally......currently after Jan we had seen two such rallies. One in march and another in late July.

Usually once a market sheds 40-50% pts from its highest its called to be in recession. But in view of global economy I do not think what the market has seen could be called as its bottom.

I have seen people talking about multi baggers in this period....I just take my 10-20% profit and run.....

Abhishek.
  • #103
  • Aug 20, 2008 8:19am Aug 20, 2008 8:19am
Quoting bksujal
reason? It rallied from 11000 to 14k and you expect it to shed 6k points boy that wud be a huge drop!
yep i expect the drop soon...

om shanti om
  • #104
  • Aug 20, 2008 8:22am Aug 20, 2008 8:22am
Quoting 13may08
Indian markets are firmly in bear grip.....as everyone knows bears are one lazy animals they tend to loosen the grip every now and then which is called a bear market rally......currently after Jan we had seen two such rallies. One in march and another in late July.

Usually once a market sheds 40-50% pts from its highest its called to be in recession. But in view of global economy I do not think what the market has seen could be called as its bottom.

I have seen people talking about multi baggers in this period....I just take my 10-20% profit and run.....

Abhishek.
true jus book profits and stay out of such a market unless your into options trading
  • #105
  • Aug 20, 2008 9:59am Aug 20, 2008 9:59am
EurUsd pair..
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 16 KB
  • #106
  • Aug 20, 2008 10:11am Aug 20, 2008 10:11am
Hello all Indian brothers,
i am not a big trader but a small one i am trading for last 2 years with live acct and i trade monthly and weekly charts
Here is my view on GJ which is the reason i am holdin my short for quite a long time
would love to here comments from you
Attached Image(s) (click to enlarge)
Click to Enlarge Name: weekly gj.gif Size: 18 KB
Click to Enlarge Name: monthly gj.gif Size: 19 KB
  • #107
  • Aug 20, 2008 10:17am Aug 20, 2008 10:17am
From 2001 onwards we saw a gradual rate increase by FED, which inturn led to slow dollar weakness.

This in turn resulted in weakening of the housing sector in us. and snoballed into the failure of sub-prime bets by banks.

The sudden reduction of rates, from 5.25% + to 2% nwas a very sharp fall, and the surise came with the sudden increase in new home sales data, sending dollar into a bull run.

So, the summary here is, that till the time there is no further rate increase, i will not be expecting any dollar weakness.

Around 2% i expect the US economy to stabilize.

Its natural strong $ = weak markets and vice versa.

I had given a call to my friends to move out of the Indian Stock markets in last week of November 2007, based on certain assessment, and it worked out, the guys exit on the very top.

And I don't advise re-entry till the last quarter of this year 2008.

Oil should stabilize in the 90 to 100 range.

Unless GBP/JPY restarts a bull run on the monthly charts, try avoiding stocks.

As far as BSE is concerned, i don't forsee a major fall, we should stabilize on these levels.



Disclaimer:
These are my views only, and should not be taken seriously, do your own research.
  • #108
  • Aug 20, 2008 10:26am Aug 20, 2008 10:26am
Quoting forexlion
From 2001 onwards we saw a gradual rate increase by FED, which inturn led to slow dollar weakness.

This in turn resulted in weakening of the housing sector in us. and snoballed into the failure of sub-prime bets by banks.

The sudden reduction of rates, from 5.25% + to 2% nwas a very sharp fall, and the surise came with the sudden increase in new home sales data, sending dollar into a bull run.

So, the summary here is, that till the time there is no further rate increase, i will not be expecting any dollar weakness.

Around 2% i expect the US economy to stabilize.

Its natural strong $ = weak markets and vice versa.

I had given a call to my friends to move out of the Indian Stock markets in last week of November 2007, based on certain assessment, and it worked out, the guys exit on the very top.

And I don't advise re-entry till the last quarter of this year 2008.

Oil should stabilize in the 90 to 100 range.

Unless GBP/JPY restarts a bull run on the monthly charts, try avoiding stocks.

As far as BSE is concerned, i don't forsee a major fall, we should stabilize on these levels.



Disclaimer:
These are my views only, and should not be taken seriously, do your own research.




Good analysis..


Thnks a lot..
  • #109
  • Aug 20, 2008 10:27am Aug 20, 2008 10:27am
Quoting Simpleforex
Hello all Indian brothers,
i am not a big trader but a small one i am trading for last 2 years with live acct and i trade monthly and weekly charts
Here is my view on GJ which is the reason i am holdin my short for quite a long time
would love to here comments from you

Good call..

I am also holding 2 lots SHORT with 100+ pips in green..
  • #110
  • Aug 20, 2008 10:31am Aug 20, 2008 10:31am
Quoting Blue bottle
Good call..

I am also holding 2 lots SHORT with 100+ pips in green..
Thats good
I am holding it since the break of the 210 and with target 190
  • #111
  • Aug 20, 2008 1:17pm Aug 20, 2008 1:17pm
Quoting forexlion
From 2001 onwards we saw a gradual rate increase by FED, which inturn led to slow dollar weakness.

This in turn resulted in weakening of the housing sector in us. and snoballed into the failure of sub-prime bets by banks.

The sudden reduction of rates, from 5.25% + to 2% nwas a very sharp fall, and the surise came with the sudden increase in new home sales data, sending dollar into a bull run.

So, the summary here is, that till the time there is no further rate increase, i will not be expecting any dollar weakness.

Around 2% i expect the US economy to stabilize.

Its natural strong $ = weak markets and vice versa.

I had given a call to my friends to move out of the Indian Stock markets in last week of November 2007, based on certain assessment, and it worked out, the guys exit on the very top.

And I don't advise re-entry till the last quarter of this year 2008.

Oil should stabilize in the 90 to 100 range.

Unless GBP/JPY restarts a bull run on the monthly charts, try avoiding stocks.

As far as BSE is concerned, i don't forsee a major fall, we should stabilize on these levels.



Disclaimer:
These are my views only, and should not be taken seriously, do your own research.

very true.
  • #112
  • Aug 20, 2008 1:25pm Aug 20, 2008 1:25pm
Quoting forexlion


Unless GBP/JPY restarts a bull run on the monthly charts, try avoiding stocks.

Disclaimer:
These are my views only, and should not be taken seriously, do your own research.

Hi ForexLion, I usually see USD/JPY to get a hint of the global condition than GBP/JPY. Overall very logical analysis from you.

Abhishek.
  • #113
  • Aug 20, 2008 2:29pm Aug 20, 2008 2:29pm
GBPUSD is currently located on a strategic support level of 1.8620

On daily, i will be looking forward to seeing it retest 1.9100 based on some news event, sometime next week.

On GJ I will be expecting a range of 203 to 206, during this move.

UJ should make the move, considering GJ remains range bound. I would love to see it testing 106.50
  • #114
  • Aug 21, 2008 7:21am Aug 21, 2008 7:21am
hi all,

any new setups?
  • #115
  • Aug 21, 2008 7:23am Aug 21, 2008 7:23am
hey blue bottle you trade for 10-15 pips per trade or target more? Since I am a day-trader I look for 10-15 pips per trade
  • #116
  • Aug 21, 2008 7:35am Aug 21, 2008 7:35am
Quoting bksujal
hey blue bottle you trade for 10-15 pips per trade or target more? Since I am a day-trader I look for 10-15 pips per trade

actually i do both,

got 2 accounts, 1 for day-trade and another 1 for long trade.

Juz back from work, so no setups to take,.
  • #117
  • Aug 21, 2008 7:42am Aug 21, 2008 7:42am
Quoting Blue bottle
actually i do both,

got 2 accounts, 1 for day-trade and another 1 for long trade.

Juz back from work, so no setups to take,.
i see alot of fluctuations now gold up and down along with crude causing a lot of movements up and down can't get a setup coz of tht
  • #118
  • Aug 21, 2008 7:50am Aug 21, 2008 7:50am
Quoting bksujal
i see alot of fluctuations now gold up and down along with crude causing a lot of movements up and down can't get a setup coz of tht


Thats alright..

this week is quite good for me..

maybe its time to end the week here and safe keep my profits..
  • #119
  • Aug 21, 2008 8:35am Aug 21, 2008 8:35am
Hi,

Can anyone tell if currency trading is legal in India? An article today says in one of our national newspaper states that from Aug 29th, 2008, they permit 'Currency Futures' (Refer: http://www.hindu.com/2008/08/21/stories/2008082160782000.htm )

Can we trade Forex?

Thanks
  • #120
  • Edited 11:37am Aug 21, 2008 11:19am | Edited 11:37am
I am testing a new indicator based on a concept on GJ 5 min charts.

Its pretty simple, red line is where the SL should be and green line is where the TP should be.

It will work correctly only on a 5 min chart.
Attached File(s)
File Type: zip Anchorfx_Sig5.zip   9 KB | 549 downloads
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