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  • #186,861
  • Jan 29, 2010 8:20am Jan 29, 2010 8:20am
Gator,

it appears all 3 of your numbers seemed to be tough supports on this way back down after the news spike....

26 has seemed to hold it for now.....

I missed a re-entry order by 2 pips as I was holding for the 3990 area as well....

So your thoughts are if we pierce thru the 3926 area that we should see 3911/maybe 3880....and that's it before a retracement?.....

Is GU a better play at this time?
  • #186,862
  • Jan 29, 2010 8:22am Jan 29, 2010 8:22am
if it hits 1.3920 to 15 area i'm buying, seems like world economic forum in davos shows that there are not gonna bail out greece, more people are selling off the euro
Don't be stupid! A black belt is a white belt that never quits!
  • #186,863
  • Jan 29, 2010 8:23am Jan 29, 2010 8:23am
Damn emotions during these news times.
  • #186,864
  • Jan 29, 2010 8:26am Jan 29, 2010 8:26am
Bad idea to read this thread while taking decisions....closed my short last night for +10 pips....should have hang on my charts..next target 1.3860...see last posts...
Damm...donīt want to chase the market..gonna go short again next opportunity.

Good luck you all.
  • #186,865
  • Jan 29, 2010 8:30am Jan 29, 2010 8:30am
So, can anyone explain to me why gold shot up first? Made no sense to me and I shorted into it. It worked, but why did it go up in the first place after release of good GDP data for the U.S.?
  • #186,866
  • Jan 29, 2010 8:33am Jan 29, 2010 8:33am
Gator has taught that GOLD and EU do not always have a direct correlation....sometimes it can mimic each other but not doctrine......

Gold is a different animal when comparing this with other commodities and metals....

Gator correct me if I am wrong in my understanding...
  • #186,867
  • Jan 29, 2010 8:34am Jan 29, 2010 8:34am
now im completely confused. the dow opens up 40 pts higher and the USD strengthened. again, in times like this, fundamentals and techincals are uselss. even AUD and NZD dollar are weakening and they directly coorelate with risky assets like the DOW. who knows, just watching with amusement.
  • #186,868
  • Jan 29, 2010 8:37am Jan 29, 2010 8:37am
Quoting IMARICH1
Gator,

it appears all 3 of your numbers seemed to be tough supports on this way back down after the news spike....

26 has seemed to hold it for now.....

I missed a re-entry order by 2 pips as I was holding for the 3990 area as well....

So your thoughts are if we pierce thru the 3926 area that we should see 3911/maybe 3880....and that's it before a retracement?.....

Is GU a better play at this time?
i dont know.. remember yesterday i told you neither target was hit.. well the lower one was hit early last night.. it can meander any place between numbers before going to finale number. indis may aid you in this.. but the numbers work mostly.. the 50% numbers are very accurate. but after i post news or whatever can change this.. i post where the numbers want to go.. major s/r may trump them.. that why i say void number when a new high or low from starting point is made.. even though sometimes it resumes trend using the same numbers..
those who can, do. those who cant, talk about those who can
  • #186,869
  • Jan 29, 2010 8:37am Jan 29, 2010 8:37am
Quoting jdutch
now im completely confused. the dow opens up 40 pts higher and the USD strengthened. again, in times like this, fundamentals and techincals are uselss. even AUD and NZD dollar are weakening and they directly coorelate with risky assets like the DOW. who knows, just watching with amusement.
Just like during Christmas time
  • #186,870
  • Edited 8:39am Jan 29, 2010 8:39am | Edited 8:39am
Quoting jdutch
now im completely confused. the dow opens up 40 pts higher and the USD strengthened. again, in times like this, fundamentals and techincals are uselss. even AUD and NZD dollar are weakening and they directly coorelate with risky assets like the DOW. who knows, just watching with amusement.

sometimes its about what investors are doing and feeling, and also interbank and what bankers are doing, maybe some news came out that a company needs to buy certain items and exchange a currency

Don't be stupid! A black belt is a white belt that never quits!
  • #186,871
  • Jan 29, 2010 8:42am Jan 29, 2010 8:42am
Quoting jdutch
now im completely confused. the dow opens up 40 pts higher and the USD strengthened. again, in times like this, fundamentals and techincals are uselss. even AUD and NZD dollar are weakening and they directly coorelate with risky assets like the DOW. who knows, just watching with amusement.
you got that wrong.. your still living in the bush era.. pryer to that stocks and usd went up hand in hand.. during the bush era usd weakend as stock market went up.. in other words we were raped.. we paid for 14k dow regaudless if we bought stocks or not. we paid for them.. the usd was raped..
those who can, do. those who cant, talk about those who can
  • #186,872
  • Jan 29, 2010 8:42am Jan 29, 2010 8:42am
Thanks Gator....

But 3911 was hit on my chart yesterday....so I thought target did get hit....hmmmm.........

It has been a good week for me so perhaps I won't make another small intra-day trade since it appears I am uncertain.....

Thanks for your help!
  • #186,873
  • Jan 29, 2010 8:42am Jan 29, 2010 8:42am
Quoting Rednose
Bad idea to read this thread while taking decisions....closed my short last night for +10 pips....should have hang on my charts..next target 1.3860...see last posts...
Damm...donīt want to chase the market..gonna go short again next opportunity.

Good luck you all.
LOL...Some people confused you eh..
{Promotion Removed}
  • #186,874
  • Jan 29, 2010 8:43am Jan 29, 2010 8:43am
Only good news today
61.5 the news!
COT: The precious data ignored
  • #186,875
  • Jan 29, 2010 8:44am Jan 29, 2010 8:44am
Quoting IMARICH1
Gator has taught that GOLD and EU do not always have a direct correlation....sometimes it can mimic each other but not doctrine......

Gold is a different animal when comparing this with other commodities and metals....

Gator correct me if I am wrong in my understanding...
use silver or copper.. much better then gold
those who can, do. those who cant, talk about those who can
  • #186,876
  • Jan 29, 2010 8:45am Jan 29, 2010 8:45am
Quoting atif
LOL...Some people confused you eh..
nope he was doing the confusion
those who can, do. those who cant, talk about those who can
  • #186,877
  • Jan 29, 2010 8:46am Jan 29, 2010 8:46am
Gator,

While you are in this subject and a great resource on this topic.....what is your view on stocks this year?

I took a huge hit in my retirement account but rode it all back up....Atlast was talking about the DOW dropping hard again once it reached the 10K area.....

So.....after regaining profit...I have switched over to a more safe and secure fund to weather this uncertainity out.....would you consider this foolish or not?

Thanks
  • #186,878
  • Jan 29, 2010 8:47am Jan 29, 2010 8:47am
Quoting IMARICH1
Thanks Gator....

But 3911 was hit on my chart yesterday....so I thought target did get hit....hmmmm.........

It has been a good week for me so perhaps I won't make another small intra-day trade since it appears I am uncertain.....

Thanks for your help!
36 was my chart low yesterday.. my target was 24 and slippage to 20 r 12
those who can, do. those who cant, talk about those who can
  • #186,879
  • Jan 29, 2010 8:49am Jan 29, 2010 8:49am
Quoting BlueGas
My tp at 3850 i feel optimistic
We are getting close posted this 10 days ago, i think im learning to let profits run, yay
  • #186,880
  • Jan 29, 2010 8:49am Jan 29, 2010 8:49am
Gator,

IBFX and FXSOL both it the 3911 area exactly....that doesn't make sense.....how could this be?
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