Nah bro...I need the opinion of a real M1-Expert....you can now go back to your H4....lol
Thank You 
Cable Update (GBPUSD)
- #163,461
- Sep 4, 2009 4:49am Sep 4, 2009 4:49am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
- #163,463
- Sep 4, 2009 4:52am Sep 4, 2009 4:52am
- Joined Mar 2009 | Status: FX | 3,789 Posts
Taking the piss..?...what?! you gotta be kidding!....during NFP.?..no way jose...this is exactly the right time to learn about M1.....
Calling all 1M specialist on behave of GM, he's a willing participant
Veni, Vidi, Vici (We came, we saw, we conquered)
- #163,464
- Sep 4, 2009 4:52am Sep 4, 2009 4:52am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
After Non Farm Payroll where do you guys think it will shoot?
Ghost Rider - WWTBMD?
- #163,465
- Sep 4, 2009 4:53am Sep 4, 2009 4:53am
- Joined Jun 2008 | Status: Trader | 1,739 Posts
paul must be reeeeally bored lol.
He came, cracked us up & left. Totally ignored the gold question!
Personally, I think most of the recent rise in gold is purely for technical reasons, with the charts looking extremely bullish, shouting to buy on any dips, which is drawing more speculative longs to this stupid piece of yellow metal (that you can't eat and won't keep you warm), thereby increasing demand in the virtuous cycle we are now witnessing. Perhaps there is also an element of CB purchasing the metal in order to diversify their reserves, I honestly don't know.
From a fundamental perspective, I think that there is little to support this price rise. The main argument used by gold bugs is that the metal provides a hedge against inflation, but judging from the extremely low yields on government debt - even in the face of record supply and improving risk appetite - the market is judging deflation to be a bigger risk in the coming quarters. Also, I read this morning that jewellery demand is also very weak, with prices at these elevated levels.
In my opinion, this current environment we are in - with excess spare capacity in all major economies, contracting balance sheets, weak consumer demand, rising unemployment, restricted flows of credit and rapidly falling wage growth - points to deflation being the most likely scenario that we now face.
- #163,466
- Sep 4, 2009 4:54am Sep 4, 2009 4:54am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Taking the piss..?...what?! you gotta be kidding!....during NFP.?..no way jose...this is exactly the right time to learn about M1.....
Ghost Rider - WWTBMD?
- #163,467
- Sep 4, 2009 4:54am Sep 4, 2009 4:54am
ha! told you didn't I
Yup, 2 running positions, 3 minilots in total.
1 running from 159 level (0.2) & the recently added was yesterday @151.22 (0.1) just got stopped out @80.
The rest of the shorts had been banked and cleared off coming up today.
I'll look to tighten the stops towards 152.75 before nfp.
Here's the primary chart I'm working from. That utl is still intact:
http://www.forexfactory.com/attachme...0&d=1251993849
if wolfwave runs it may go up 154s..
not for confuse but for another look wm..
good luck
- #163,468
- Sep 4, 2009 4:54am Sep 4, 2009 4:54am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
Hear the music before the song is over ...
- #163,472
- Sep 4, 2009 4:59am Sep 4, 2009 4:59am
- | Commercial User | Joined Feb 2008 | 7,908 Posts
The finest tool in the world still needs a MAN who KNOWS how to use it.
- #163,473
- Sep 4, 2009 5:02am Sep 4, 2009 5:02am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
I hope you have willing volunteers to take you to that level on the 1 M
Calling all 1M specialist on behave of GM, he's a willing participant
Hear the music before the song is over ...
- #163,474
- Sep 4, 2009 5:04am Sep 4, 2009 5:04am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
Hey GM, just go to the thread man. I'm sure you'll learn MUCH there...
Hear the music before the song is over ...
- #163,475
- Sep 4, 2009 5:05am Sep 4, 2009 5:05am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
- #163,476
- Sep 4, 2009 5:07am Sep 4, 2009 5:07am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
No,no...Chris...it doesn't feel good at all to be among all those level-headed and intelligent M1-Experts....
Ghost Rider - WWTBMD?
- #163,477
- Sep 4, 2009 5:13am Sep 4, 2009 5:13am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
Yeah, I never thought of that. I guess it would be somewhat intimidating for us over 15m slugs huh?
,,, too immature to be admitted to that exclusive club........we simply need to grow up.....errrr ....sorry.....grow down for that...
Hear the music before the song is over ...
- #163,479
- Sep 4, 2009 5:21am Sep 4, 2009 5:21am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
yup...I guess we are "time-framely wise!!!",,,
Ghost Rider - WWTBMD?
- #163,480
- Sep 4, 2009 5:22am Sep 4, 2009 5:22am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
okay ...
Hear the music before the song is over ...