james16 Chart Thread

In that case I'd like to trade our current Swedish weather for something warmer!

Initially contrived to allow Crop Producers to Hedge.
(Wonder how many California Tomato Growers were Long Puts?)
There isn't a Pie out there that the Insurance Companies won't stick their finger in...

Can anyone Define the difference between;

A) Insurance Company.

B) Turf Accountant. (betting shop)

Sweden? Nice place. (Very nice in Raleigh, NC today - 65)

I can tell everyone on the thread that the stereo type of lots and lots of tall, thin beautiful blonds in Sweden - is true. GAWD !!!! Somebody sing an ABBA tune!

Paraphrased...
I can Change My Mind, I'm the First in line...

One actually gives you the odds of getting money back before you hand over your cash

A Turf accountant KNOWS he is just trying to take your money...

[uote=KissFan;3539584]They ae everywhere here in qTexas.

K.I.S.S.[/quote]

When we get to the top of the Gold market you'll see the same signs only they will be telling everybody to buy before it'd too late

I'm currently in AZ and there are almost as many as those shops as there is starbucks.... (no not really , but still a lot)

Old but Still a Goodie.
1oz of Gold will buy you a good suit.
Not looking to buy any $1,000.00 suits these days I tend to "feel":
1) Gold will drop to $750.00 or so.
2) A good suit will rise in cost to meet it.

Why?
Flight to Quality is Done. (by those that matter)
What they Now Need is Consumer Confidence which (they know) will take a while but They are not working on Next Month's Budget.

My LONG Term Take...
Coincedentally:
a) Gold will fall to $750.00. Perhaps even $500.00 but the $200.00 days are gone.

b) All Currencies will get Stronger.(Ecconomic Growth) Our Mission is to decipher which ones will get Stronger than others.

My Bias:
(I wish I could Buy China. If anyone has a method, I'm interested but failing that.)

The US will Survive. Even if they have to fudge the numbers on Data releases. (who doesn't)

The Pride still held by the Brit Mid to Upper class will thwart all atempts to subdue their Global Influence.

Due to the International Investment in The Euro, It will be sustained.

Bottom line...
The 'Major Pairs' take a back seat to the sophmores. EUR/Krugerrand

My thoughts might be confirmed (to a degree) by Borkers offering some new & estranged Pairs.

I don't expect to see this by year end but I do expect to see it.

I demo'd this trade... not enough confidence to run it on the live account really. right now all I have done is moved my stop up to 0.9112, or 12 pips below the low of the daily bar that just closed. Just reducing my risk at this point, still holding full position. I have a hard time being interested in demo trades these days, but it's a good way for me to practice the more speculative trades I suppose.

NZD daily pins are moving pretty damn good right now

Ok, I'm starting to feel like a post whore right now... hopefully you guys aren't starting to skim and skip my posts yet

Some of the veterans here were discussing this pair a while ago, and I believe it was ryanmcd who said this was going to happen.... I decided to demo it as a touch trade, but I didn't even need to because the PA formed regardless. S/L @ B/E:

In my opinionated opinion, the gold bugs are wrong. Again. Gold has very little intrinsic value - it is used in some circuitry, and obviously jewellery, but that's about it. And there are pretty close substitutes (at least in the former) that constrain its price in a fundamental sense.

The whole 'bad news - buy gold!' is also a declining phenomenon. Now that major currencies arent pegged to gold, and there is no kind of reserve requirement, there is no reason that gold can 'hedge' inflation - except for, like t/a, it works because other people also think it works.

There are far better things for that anyways. The only reason the relationship even exists, albeit in a fairly weak form, is historical. Look at the 1990s if you still think the inflation-gold relationship exists like it did in the late 70s-early 80s

Then you have to look at the fact that it is a non-productive asset. It produces no income. A gold mining company does, and (depending on hedging policy) is strongly correlated to the price of gold. Or, if you have to hold some kind of hard asset because the gub-ment might try and steal your soul through fiat money, a productive commodity like copper or zinc which has demand in the real world.

I'm with Bemac on this one. Gold is a massive speculation driven bubble at the moment that will collapse and return to inflation-adjusted norms. So, to drag this on-topic, dont get married to a long position, and watch for the massive pins that could be a once-in-a-lifetime opportunity.

Also, the rise of silver in the 1970s is less to do with inflation, and more to do with the Hunt brothers

They have made their way out here too - suburban Sydney shopping malls all have little 'SELL YOUR GOLD NOW' stands, and a couple of stores have popped up in the seedier parts of the city.

The best part is that the bogans (Australian 'white trash' or 'chavs', I guess) are lining up around the block because they saw on TV that gold is a thousand dollars an ounce... and then bitching to the media when the gold shop only offers them a fifth of that.

I guess the chainstore jeweller forgot to tell them that the cheap 9kt chain they bought is only 37.5% actual gold.

Real Men buy platinum

*edit* also, I like your posts and read every one of them - so postwhore away!

Just as a side note to the Gold debate. In the US there are lots of commercials to sell you gold and the spokesman is..G.Gordon Liddy.
Makes me smile every time its on.
Anybody remember Watergate?

Hello Ghous,

For this USDSEK trade, I don't find many confluenced point at this level except it is at very strong Support and Resistence level.

Is there any other reason that you like to go for this trade?

Thanks!

PM

Sir mbqb11 had posts like yours in mind when he made this.
best alternative is read all of post#1.

starbucks still doing good business (& expanding)?
i thought they have been reducing their branches/employees for some time now? (that's what i heard in the recent past)

if i may...
7.0700 looks like a strong ppz.
if u consider 7.0700 as a round number, then that small PB went past at least 5 (up to 7.1000+). it had momentum on its side. (turns out this was a false breakout to the downside; u can even imagine a triangle break &/or range break)

in this trade, we see how location is more important than PA form/size.

I punched in "starbucks" on my GPS and got about 10 locations within a 2 mile radius (serious).... the one I ended up going to was lined up to the door at about 11:00AM.... so I would say they are doing pretty damn good

Anyone notice this little guy? Bit of a double bottom....the first low being around May 1, 2000. Hoochie Mama