Dislikedwell, it's not correlation they are looking at.. Now, what can you extract from the movement of gold price? For instant, you know that the economy will be facing high inflation in the coming years. From that, you can make your trade decision. It's not directly trade side by side.. You wanna see the movement just to have some ideas of what going on in the economy.Ignored
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #195,764
- Sep 9, 2009 3:41am Sep 9, 2009 3:41am
- Joined May 2009 | Status: Trader | 4,895 Posts
Actually, I don't know that the economy will be facing inflation in the coming years. So far long term deflation seems the prospect to me. All we know from watching the gold price is that people are buying gold due to big cracks appearing in the fiat economy. People buy gold when they don't trust financial derivatives. Think about last time gold at 1000 what price was G/J? Now people are banking on G/U following gold why exactly?
- #195,765
- Sep 9, 2009 3:42am Sep 9, 2009 3:42am
- Joined Apr 2009 | Status: RETIRED | 1,947 Posts
what u are telling me is actually the effect of inflation.. ahahah.. its ok bro..
- #195,768
- Sep 9, 2009 3:58am Sep 9, 2009 3:58am
- Joined Oct 2007 | Status: Saudi Arabia/Dubai | 3,584 Posts
GU is still BULLISHHHHHHH
we have bullish flag
once we go above 1.6550 again we will see 1.6700 and even more
we have bullish flag
once we go above 1.6550 again we will see 1.6700 and even more
- #195,769
- Sep 9, 2009 4:00am Sep 9, 2009 4:00am
- Joined May 2009 | Status: Trader | 4,895 Posts
GU is still BULLISHHHHHHH
we have bullish flag
once we go above 1.6550 again we will see 1.6700 and even more
GY would test 151.4 - 150.8 area IF GU break ema50 & 1.645 support AND UY don't break ema50 & 92.5 res (they coniside now) and test 91.8 again 
btw,
if GU come to 1.67 that should mean 1.7 because of violation of H4 H&S shoulder line to the upside. While GU is in 1.665-1.656 zone the direction is still undecided for me
btw,
if GU come to 1.67 that should mean 1.7 because of violation of H4 H&S shoulder line to the upside. While GU is in 1.665-1.656 zone the direction is still undecided for me
- #195,772
- Sep 9, 2009 4:04am Sep 9, 2009 4:04am
- Joined Oct 2007 | Status: Saudi Arabia/Dubai | 3,584 Posts
LOL.. sometime I feel like I'm racing with you.. ahahhaa... I don't think I can do it anymore..
and offering some analysis may be some one would benfit
- #195,773
- Sep 9, 2009 4:07am Sep 9, 2009 4:07am
- Joined May 2009 | Status: Trader | 4,895 Posts
lol take it easy am just passing this boring forex time in this forum
and offering some analysis may be some one would benfit
- #195,774
- Sep 9, 2009 4:10am Sep 9, 2009 4:10am
- Joined Oct 2007 | Status: Saudi Arabia/Dubai | 3,584 Posts
- #195,775
- Sep 9, 2009 4:12am Sep 9, 2009 4:12am
- Joined Oct 2007 | Status: Saudi Arabia/Dubai | 3,584 Posts
Maybe that is why I feel so exhausted when I trade.. I think I wanna have some rest now.. well, safe trade everyone, especially you MS..
this is a gift for you i did it just now in a rush
we shouldn't break 6412
- #195,776
- Sep 9, 2009 4:22am Sep 9, 2009 4:22am
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
you guys dont need to see what i posted earlier..
Markets are not Random, they are designed!
- #195,777
- Sep 9, 2009 4:24am Sep 9, 2009 4:24am
- Joined Oct 2007 | Status: Saudi Arabia/Dubai | 3,584 Posts
you guys dont need to see what i posted earlier..
how much u pay me not to post it again
JK
- #195,778
- Sep 9, 2009 4:27am Sep 9, 2009 4:27am
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
hehe i saw it and its still in another window loool
how much u pay me not to post it again
Dont..
Which window..I deleted it...?
Your EW work is Great... BTW..
Markets are not Random, they are designed!
- #195,779
- Sep 9, 2009 4:29am Sep 9, 2009 4:29am
- Joined Oct 2007 | Status: Saudi Arabia/Dubai | 3,584 Posts
Dont..
Which window..I deleted it...?
lool ya
- #195,780
- Sep 9, 2009 4:32am Sep 9, 2009 4:32am
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
"Millionaires don't use astrology, billionaires do"