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  • #165,261
  • Nov 24, 2009 9:06pm Nov 24, 2009 9:06pm
Quoting prav
my stochastics pointing down and avg of stochastic on different time frames is coming around that level...
whats your say?
I'm not using stochastics, only fibonacci and EURJPY+USDJPY currency pairs.

But maybe i agree with u, but i think shorttremtrend is short, longtremtrend i think long.
  • #165,262
  • Nov 24, 2009 9:06pm Nov 24, 2009 9:06pm
Quoting prav
my stochastics pointing down and avg of stochastic on different time frames is coming around that level...
whats your say?
Stochastic is a lagging indicator. The price might move far before the stoch gives u a clearer picture.
May the pips be with me !!!
  • #165,263
  • Nov 24, 2009 9:06pm Nov 24, 2009 9:06pm
Got stopped out on a short earlier Could have taken $200 profit but I thought I'd let it run - ended up reversing to the Weekly R1, where I should have put another short entry but didn't = may do again... not sure.
|/ Dream as if you'll live forever... Live as if you'll die today. \|
  • #165,264
  • Nov 24, 2009 9:07pm Nov 24, 2009 9:07pm
Quoting e_piz
Well, i give you my understanding. When a country buy gold, is not just to buy/sell like we do in currency but this gold strengthen their country currency. Any paper money in the world has no value if there is nothing to support it from behind. It's just paper. But this paper when is backup by gold then only it has value. So when India bought 200tonnes of gold. They might be printing more paper..
Not to mention U.S.A's original monetary value was weighted against gold. I believe it was Nixon who axed that.
All that is left in FF is just plain garbage. "Cloggie"
  • #165,265
  • Nov 24, 2009 9:07pm Nov 24, 2009 9:07pm
Quoting ahlude
Stochastic is a lagging indicator. The price might move far before the stoch gives u a clearer picture.
All indicator give signals later,unfortunately
  • #165,266
  • Nov 24, 2009 9:09pm Nov 24, 2009 9:09pm
Quoting ahlude
Stochastic is a lagging indicator. The price might move far before the stoch gives u a clearer picture.
yes, but using it together on different TFs gives a good idea...else what is a better indicator for same purpose?
  • #165,267
  • Nov 24, 2009 9:11pm Nov 24, 2009 9:11pm
Quoting prav
yes, but using it together on different TFs gives a good idea...else what is a better indicator for same purpose?
most of the indi are lagging.....my guess....PA is the best tool
May the pips be with me !!!
  • #165,268
  • Nov 24, 2009 9:11pm Nov 24, 2009 9:11pm
Quoting prav
yes, but using it together on different TFs gives a good idea...else what is a better indicator for same purpose?
I agree with u.
I see 3 timeframe at one time.
D1, H4, H1 and one for smaller timeframe, example M5, M15
  • #165,269
  • Nov 24, 2009 9:11pm Nov 24, 2009 9:11pm
Quoting tonyo524
Not to mention U.S.A's original monetary value was weighted against gold. I believe it was Nixon who axed that.
Correct.. US just doing the opposite and people still have trust on it. US is the only one country I know that print dollar without backup of gold. But they managed to use BLACK GOLD as backup.hehe
Trade what you see. Write what you feel
  • #165,270
  • Nov 24, 2009 9:13pm Nov 24, 2009 9:13pm
Quoting e_piz
Correct.. US just doing the opposite and people still have trust on it. US is the only one country I know that print dollar without backup of gold. But they managed to use BLACK GOLD as backup.hehe
I know that only SWISS has got GOLD, ONLY
  • #165,271
  • Nov 24, 2009 9:14pm Nov 24, 2009 9:14pm
Quoting e_piz
Correct.. US just doing the opposite and people still have trust on it. US is the only one country I know that print dollar without backup of gold. But they managed to use BLACK GOLD as backup.hehe
And they import a good portion of that. i guess they said hey Gold is priced in our worthless dollars so we can print more while the next country holds it for us. ANYWAY'S BACK TO THE EU TOPIC. LOL
All that is left in FF is just plain garbage. "Cloggie"
  • #165,272
  • Nov 24, 2009 9:32pm Nov 24, 2009 9:32pm
hope it doesn't break my sl @ 1.5000..
  • #165,273
  • Nov 24, 2009 9:33pm Nov 24, 2009 9:33pm
Quoting tonyo524
Not to mention U.S.A's original monetary value was weighted against gold. I believe it was Nixon who axed that.
Here's some light reading to pass the time if you're waiting to fade the E/U.

http://en.wikipedia.org/wiki/Gold_standard

"After the Second World War, a system similar to a Gold Standard was established by the Bretton Woods Agreements. Under this system, many countries fixed their exchange rates relative to the U.S. dollar. The U.S. promised to fix the price of gold at $35 per ounce. Implicitly, then, all currencies pegged to the dollar also had a fixed value in terms of gold. Under the regime of the French President Charles de Gaulle up to 1970, France reduced its dollar reserves, trading them for gold from the U.S. government, thereby reducing U.S. economic influence abroad. This, along with the fiscal strain of federal expenditures for the Vietnam War, led President Richard Nixon to eliminate the fixed gold price in 1971, causing the system to break down."

http://en.wikipedia.org/wiki/Bretton_Woods_system
"If The Fool persists in his Folly he will become wise." - William Blake
  • #165,274
  • Nov 24, 2009 9:34pm Nov 24, 2009 9:34pm
Quoting cphcphcph
hope it doesn't break my sl @ 1.5000..
I hope 1.4989 will be a strong ressistant, end break the uptrend, for a short time ...
  • #165,275
  • Nov 24, 2009 9:43pm Nov 24, 2009 9:43pm
Quoting The Fool
Here's some light reading to pass the time if you're waiting to fade the E/U.
The markets are not even accepting the fact of inflation..It is different in the options trade, but I would have expected a much steeper curve on the futures prices??

http://tfc-charts.w2d.com/marketquotes/CL.html

WithGold being an accepted store of value and with only 181,000 tons in human hands (much of that never to be released)..What gives? Is gold now too cheap to be a store of wealth?
Ah Luv the smell of a good prediction in the mornin!
  • #165,276
  • Nov 24, 2009 9:46pm Nov 24, 2009 9:46pm
With Gold rallying, may be EurUsd will make a 2000 pips move up to 1.7000 in weak volumn trading. If this is true, this move could be a replication of last year Thanksgiving move... Looks like EurUsd is attempting to move higher with several wicks in the making...
  • #165,277
  • Nov 24, 2009 9:54pm Nov 24, 2009 9:54pm
Quoting ahlude
euro sell stop 1.4976
order cancel
May the pips be with me !!!
  • #165,278
  • Nov 24, 2009 9:57pm Nov 24, 2009 9:57pm
Shorting at 1.4990, SL 1.50010...Looks like its going to bounce off that hourly TL that's been in play since Nov 10 or so
  • #165,279
  • Nov 24, 2009 10:00pm Nov 24, 2009 10:00pm
On my daily strategy long since beginning of this month. Currently up 1% waiting to see what happens at next resistance.
  • #165,280
  • Nov 24, 2009 10:01pm Nov 24, 2009 10:01pm
Quoting BullRun
With Gold rallying, may be EurUsd will make a 2000 pips move up to 1.7000 in weak volumn trading. If this is true, this move could be a replication of last year Thanksgiving move... Looks like EurUsd is attempting to move higher with several wicks in the making...
1.7000 ??? it is unbelievable
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