imo today could be very important day: eurusd at 1,5 and usdchf at 1,0 and usdjpy at 0,9 and eurjpy at 135,00 - everything looks like preparing for something special. let's wait and be carefull. I am already at be
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DislikedGold is an extremely speculative thing dead on time.
I think the great investors will set us on the wrong track. Everybody believes now, that a returning point will coming. That way big players will make us dumb.
Attention, I think when Gold falls down, so only for short time, so that traders can back the wrong horse, and then prices will jump up.
A likely story? Cognitive psychology? ...or all rubbish?
We'll see next time.Ignored
DislikedWatch out with metals though... look what happen with Platinum, Palladium or Rhodium.... they jumped sooooo deep, they missed the energy to go back!Ignored
DislikedBut, the fastest money is often made on the short side of markets.
Markets drop faster than they go up. I consider this a kind of market gravity.Ignored
DislikedNo. If the big guys (and many of them) would sell there we would see a quick drop and not a noisy 10-20 pips move.Ignored
DislikedI am on the opposite side of your trade it seems. If it doesn't get to 1.4950 I won't post for the rest of the week.Ignored
DislikedWell, well, it hit my target early this morning, so guess I will just have to post one more chart this week.
There is a lot of free air above the high, just like there was the last 2 occasions on the monthly charts when the market got that high, and in both cases there was a drop the likes we had never seen before. Now, is this time any different?
My call is for large decline to S3 before further rises to take out 1.5600.
Alternate is the market will find support at 1.4900.
GU performing according to the chart I posted.
It's a wonderful life...Ignored
DislikedEach time we try to go up, past 1.5018 this is what happens:
http://failblog.org/2009/11/09/scooter-driver-fail/Ignored
DislikedEach time we try to go up, past 1.5018 this is what happens:
http://failblog.org/2009/11/09/scooter-driver-fail/Ignored