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  • #199,781
  • Feb 20, 2010 9:11pm Feb 20, 2010 9:11pm
Quoting DMA Trader
And what other asset protected your money in the last 3 years my friend ?
You are comming now after a big rally in stocks. where were you in march 2009 when gold was the only assets that made money in the last decade.

commodities ? stocks ? bonds ?
what about 5, 10 years ? what was your return on stocks ? bonds ?.
well don't just chose a graphic. let's talk the last 5 years.

Hey if you get a 5 minute chart- gold is dropping like crazy.

Gold gained more in an inflationary environment. not deflationary . so just let the economy recover. we...

if you bought gold 2 years ago when it broke 1000 then you are now in the situation as the one who left his dollars in the bank, correct ?
  • #199,782
  • Feb 20, 2010 9:21pm Feb 20, 2010 9:21pm
Quoting ziko123
people still dreaming about gold,
heard the $2000 an ounce for gold 2 years ago when it broke the $1000

now after nearly 2 years (exactly 23 months) gold has just gained 10%,
with all the financial crisis in the world in the last 2 years gold just gained 10% , 2 years ago euro was worth $1.5 , if you take the current price for $ against euro you will find gold gained nearly nothing in the last 2 years

Who's dreaming? We are traders here. Not perma bulls or bears. The idea is to make money in any tradeable market.

You can cherry pick any time frame to make a bull or bear case. How about going back 5 years. +150% in Euros and +160% in USD. Or 10 years. +175% in Euros and +275% in USD.
  • #199,783
  • Edited 9:35pm Feb 20, 2010 9:26pm | Edited 9:35pm
Quoting tonyo524
this circus must end. everyone talking about how valuable gold is. skyzer you don't even trade real gold, so why are you getting your panties all up in a bunch
Quoting ziko123
people still dreaming about gold,
heard the $2000 an ounce for gold 2 years ago when it broke the $1000

now after nearly 2 years (exactly 23 months) gold has just gained 10%,
with all the financial crisis in the world in the last 2 years gold just gained 10%

THis my friend is a BULL trend. SO yes, even if you bought 2 years ago, on top when RSI was 90 YES you are still making profits. Even if you were the absolute noob and you bougt at 1200, I can tell you in a few weeks/months you will be profitable. So this looks like a BULL. The only thing you need is patience. very hard to find this days.
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD.jpg Size: 100 KB
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #199,784
  • Feb 20, 2010 9:26pm Feb 20, 2010 9:26pm
Quoting DMA Trader
you will always find a buyer for your gold.
the only secular bull trend you will find.

trade, futures, etf, mining stocks or physical gold.
anyway very superficial view at gold my fried. we are here to make money.
So if gold is going up. you have to buy. only if you wanna make money.

if not. you can always short it.
to real world citizens, such as Betty next door, or Harry down the street. I'll tell you what DmA Trader, Try and go to your bank with some comex gold and pay on your mortgage. They will make you cash it in befor you can proceed with any transactions. Gold only has value on wall st, not main st!
All that is left in FF is just plain garbage. "Cloggie"
  • #199,785
  • Feb 20, 2010 9:30pm Feb 20, 2010 9:30pm
Quoting DMA Trader
THis my friend is a BULL trend. SO yes, even if you bought 2 years ago, on top when RSI was 90 YES you are still making profits. Even if you were the absolute noob and you bougt at 1200, I can tell you in a few weeks/months you will be profitable. So this looks like a BULL. The only thing you need is patience. very hard to find this days.
You said making profits. well guess what after you make a profit with your gold, it has to be cashed in to someones currency in order to be used.
All that is left in FF is just plain garbage. "Cloggie"
  • #199,786
  • Feb 20, 2010 11:15pm Feb 20, 2010 11:15pm
Quoting uraceulose
Heres a couple charts that I'll be using tomorrow...first is daily pivots and fib drawn off of last weeks candle. second chart is fib off of monthly candle w/weekly pivots...

Attachment

Attachment
Nice Donnie. For a second there I thought it was gator. You're charts look like his.
  • #199,787
  • Feb 20, 2010 11:20pm Feb 20, 2010 11:20pm
Morning to all , so it is gold weekend this time. What happen if this gold go below 1066 by friday next ? nothing impossible even though they all buy but will not forget sell when lots many on board.
I think one big cycle to end successfully with the end of C wave in an honouable manner to start new cycle of much bigger tf , may be monthly to continue & in doing so new one to start unfolding in daily/weekly level.so C should not end halfway & manipulation can't continue long time even whoever doing it.
fontu
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #199,788
  • Feb 20, 2010 11:31pm Feb 20, 2010 11:31pm
Is the Forex market available on Saturday to traders in Australia? On myfxbook.com I noticed every saturday they have Sydney session open. According to the website they have been open since 10 am of their Sunday.
  • #199,789
  • Feb 20, 2010 11:50pm Feb 20, 2010 11:50pm
to consider:
There is a limited supply of gold.
-180,000 tons approx.
-this works out to an average of about 0.6 troy ounces per person. not that most people on earth will ever have the chance.
-this limited supply guarantees that gold will allways have some sort of value. How much? Who knows.
-The fiat money for which most gold is traded need not have any value. It's supplies are unlimited as is becoming obvious.
-Gold at $1200/ounce is not expensive. It does not even sound expensive.
-The total global supply of physical gold traded at $1200 US/ounce, would not pay the US deficit for this year alone.

I say that gold is not expensive, it doesn't appear cheap. Worse than either case, it may have become irrelevant. The sheer scale of the financial numbers seem to have overrun the value of gold.

There are now over 800 individuals on earth whose net worth exceeds $1 billion. For a 'one' billionaire to carry his wealth in gold, he would need to move 3 1/2 tons??? Therefore, as a store of wealth, gold can really not be considered.

Psycologically, I think the world needs a 'new standard of value', so that the people can connect to something tangible. The "Value Disconnect", we are experiencing, seems to be manifesting itself in all aspects of society. I believe that is the root of many of the problems we are facing. Certainly, it has lead to a moral collapse. There are still large numbers of highly ethical people, but one could ask, 'how long this will last, when there are so few consequences for those who choose the other path?

What this "New Standard of Value", will be or could be, I am not smart enough to know. But, I would like to see it appear.

Quoting tonyo524
You said making profits. well guess what after you make a profit with your gold, it has to be cashed in to someones currency in order to be used.
Ah Luv the smell of a good prediction in the mornin!
  • #199,790
  • Feb 20, 2010 11:57pm Feb 20, 2010 11:57pm
yea, i use fundamental analysis to take profit. Use technical analysis to enter.

Stoploss only when fundamentals go bad.
  • #199,791
  • Feb 21, 2010 12:33am Feb 21, 2010 12:33am
Quoting 2+2=4ex
Nice Donnie. For a second there I thought it was gator. You're charts look like his.

Thanks for checking them out. I truly appreciate your input in this thread too. I make sure to read every one of your, Gator, malc of course, driver, coke,jay, ak, you get the idea all the pertinent stuff...
  • #199,792
  • Feb 21, 2010 2:10am Feb 21, 2010 2:10am
Quote
malcomb i didnt tell nothing for you skils man(becouse i dont know and dont faloow anyone),i said just to thech that guys to create their own calls my friend and than you will have great succes that people can help you to see better some thing and to trade better.My advice create thread based on your method and post your charts,exmaples ...You posted my private convesation via skype on this thread that is very very dangerous man,be profesional you will be banned and guys here will be deprived from your tehnique and skill...Just be a profesional...


Cheers...

Peter, you should apologise to malcomb.

Malcomb is one of the greatest traders at FF. We have lot of respect and appreciation for Malcomb trading skills and analysis.
  • #199,793
  • Feb 21, 2010 3:02am Feb 21, 2010 3:02am
Quoting kingfisher
Peter, you should apologise to malcomb.

Malcomb is one of the greatest traders at FF. We have lot of respect and appreciation for Malcomb trading skills and analysis.
I second that. We all have high respect for Malcomb and appreciate his taking time to share his analysis, though he doesnt have to do that.
  • #199,794
  • Feb 21, 2010 3:06am Feb 21, 2010 3:06am
Just a couple of charts for ideas on what i am looking for. My cycle points are showing a new low by Wednesday, then we can rally. Maybe this will occur on some kind of RSI divergence on the H4.

I show two charts, the first is the H4 showing the beautiful AWE patterns which got me heavily short. Very low risk entry as stop only needs o be 20 pips to indicate it has overbalanced and the reversal wont take place.

I also saw where to close out the short as divergence occurred on the RSI.

We are seeing divergence again on the RSI so it could indicate a sell. We may creep a little higher overnight then we could drop to my cycle date.

Just an alternative view to all the bulls out there.

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  • #199,795
  • Feb 21, 2010 3:51am Feb 21, 2010 3:51am
W1 and D1 charts show bearish sentiment on EURUSD.
http://clc4x.files.wordpress.com/201...20feb20101.gif

http://clc4x.files.wordpress.com/201...20feb20101.gif

Pullback is undergoing.

http://clc4x.files.wordpress.com/201...20feb20101.gif

How far will it pullback? Based on EW count, it is now in the Wave 4 zone. Wave 5 is about to start.

http://clc4x.files.wordpress.com/201...420feb2010.png
  • #199,796
  • Feb 21, 2010 3:56am Feb 21, 2010 3:56am
i always thought wave 3 cant go below low of wave 1? no?

Quoting clc4x

http://clc4x.files.wordpress.com/201...20feb20101.gif

How far will it pullback? Based on EW count, it is now in the Wave 4 zone. Wave 5 is about to start.

http://clc4x.files.wordpress.com/201...420feb2010.png
  • #199,797
  • Feb 21, 2010 7:19am Feb 21, 2010 7:19am
Quoting ak4x
Shrink those wide azz charts!!!


More to the Iggy list...

That solves the problem every time.
hey bro hows it going
  • #199,798
  • Feb 21, 2010 7:23am Feb 21, 2010 7:23am
I see euro dropping slowly to 1.3404 and then bouncing real hard to 1.4069

Monday no economic news will be a boring day ..........

http://thesportboys.files.wordpress....ystal-ball.jpg
  • #199,799
  • Feb 21, 2010 7:47am Feb 21, 2010 7:47am
Coming back to fundamentals, there is no big news this coming week. If some rhetoric on Greece, that may push the Euro up.
I think the big impact on USD will be, after the long holidays, how much China going to control the money flow.
The latest news is here: http://finance.yahoo.com/news/China-...2&asset=&ccode=
Any idea how this is going to affect EURUSD pair this week?
  • #199,800
  • Feb 21, 2010 7:53am Feb 21, 2010 7:53am
Just read some news from Reuters that a German magazine quoted some Finance Ministry personnel from Germany as saying Euro is coming out with 34Billion to help Greece. Not sure how true is that.

Anyone heard that?
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