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  • #249,041
  • May 27, 2010 4:38pm May 27, 2010 4:38pm
Quoting MuddBuddha
*Surgeon Generals Warning*

I'll add that while there is a degree of correlation between the Dow & USD, S & P & USD, Oil & USD, Gold & USD, you should NEVER, EVER, makes trades based on these correlations. And all of these are connected in proportional degrees.

They should be considered as additional indicators in an array of others. Never the sole reason to enter a trade.
agree %100

trade u chart
  • #249,042
  • May 27, 2010 4:39pm May 27, 2010 4:39pm
good time to short U/J ?
  • #249,043
  • May 27, 2010 4:41pm May 27, 2010 4:41pm
Quoting artofwar
Gator,


Please mention the study. (link or name of it)

Some of us have our cups empty, thus our minds open, and are ready to have good information imparted to us.

Thanks in advance.

AoW
As the USD has declined, the price of oil has risen. Why is this? In a nutshell, this inverse relationship exists because global oil prices are denominated in dollars. Thus, as the USD declines, oil producers are paid fewer ‘units’ of foreign currency in exchange for oil. They must compensate for this decline in real revenues by raising the price of oil (in dollars).

This is proportaional to the number of currencies "pegged" to the USD from oil producing countries. Don't need a study to learn that; it's a market truth.
Capital Preservation is key to long term wealth accumulation
  • #249,044
  • May 27, 2010 4:42pm May 27, 2010 4:42pm
Quoting MuddBuddha
I'm not sure what the point of this is. You think oil is highly connected, I don't. Big freakin deal.

I assume you make a living trading.....I do. So....if either one of us is right or wrong, what's it matter?

You trade on S/R & Pivots, I trade on a 5 min chart w/ bollinger bands.

Jesus....I think this is how the crusades got started.

It's not that big of a deal....and I've been drinking.
you got a habit as i, of putting in your opinion about trading. basically without invitation you disagreed with what i said. no big deal.. so back away from the caffeine. if you don't like rebuttal don't rebuke. have a red-bull and some grey goose and charge it to me.
those who can, do. those who cant, talk about those who can
  • #249,045
  • May 27, 2010 4:44pm May 27, 2010 4:44pm
Quoting kill56
agree %100

trade u chart
Hey, a good trader is a safe trader.

" A fool and his money are soon parted " stands true in this field.
Capital Preservation is key to long term wealth accumulation
  • #249,046
  • May 27, 2010 4:46pm May 27, 2010 4:46pm
Quoting gatorinla
you got a habit as i, of putting in your opinion about trading. basically without invitation you disagreed with what i said. no big deal.. so back away from the caffeine. if you don't like rebuttal don't rebuke. have a red-bull and some grey goose and charge it to me.

LOL. 13,800 Vs. 725 isn't much of a "habit" comparison....but OKAY!

YOU WIN! DRINKS FOR EVERYONE!!
Capital Preservation is key to long term wealth accumulation
  • #249,047
  • May 27, 2010 4:47pm May 27, 2010 4:47pm
a book about oil price and the end of globalizationhttp://covers.allbookstores.net/c/12.../9780307357519
  • #249,048
  • May 27, 2010 4:50pm May 27, 2010 4:50pm
Paper Money by Adam Smith is another great read
  • #249,049
  • May 27, 2010 4:59pm May 27, 2010 4:59pm
As in THE Adam Smith?
  • #249,050
  • May 27, 2010 5:01pm May 27, 2010 5:01pm
pseudonym of george j w goodman?
  • #249,051
  • May 27, 2010 5:05pm May 27, 2010 5:05pm
Quoting ido370
kolachi method :
Attachment
touched the 200ema, so back to lower lines?
When touch MA200 it's good to take 1/2 TP, because the price may rebound, but if the price passes through you steel have chance to take more profit.
  • #249,052
  • May 27, 2010 5:05pm May 27, 2010 5:05pm
I am still trying to get a good grasp on the ropes of Currency Trading. However, I was reading the news about how the PRC (the Peoples Republic of China) was saying that they still wanted to invest in Eur. My hunch.... and this is only a hunch... I would say that other Asians that know Asian culture would see China's comments as trying to entice others to join in what they are doing before changing their minds. Kind of like the plump and dump in the stock market. Usually asians keep quiet about their business, unless they think you are paying too much attention to them, then they will say whatever they think you want to hear. I am not trying to be mean, but I live here in the ROC (the Republic of China) and it is common business practice here and over in communist China as well. So I think other asians would get ready to dump the Eur after China spoke up. However it is only my hunch.
Luck has no place in trading. Leave that for the poker table.
  • #249,053
  • May 27, 2010 5:05pm May 27, 2010 5:05pm
Quoting artofwar
Gator,


Please mention the study. (link or name of it)

Some of us have our cups empty, thus our minds open, and are ready to have good information imparted to us.

Thanks in advance.

AoW
i would have to dig it up.. i dont have any of my charts ect. from old pc yet. the point was watch oil... when it gets close to a recent high.. eu will fall.. you use this along with other eu signals.. i trade on a bigger tf.. so i use oil for more confirmation for a trade.. for instance oil was a new low this year. so it confirmed we could go higher before the eu went higher.. i used it along with other things.. but not alone..not to say oil could not go lower but it was up when we hit todays low.. oil has played a channel from about 70 to 82 mostly (since last summer).. above 82 put it above the range below 70 put it below.
those who can, do. those who cant, talk about those who can
  • #249,054
  • May 27, 2010 5:14pm May 27, 2010 5:14pm
Quoting MuddBuddha
DRINKS FOR EVERYONE!!
Well, I prefer Absinth or at least Whisky/RedBull
  • #249,055
  • May 27, 2010 5:15pm May 27, 2010 5:15pm
Quoting gatorinla
i would like 2360 touched and rejected. at least for a few hours.. the shown was a 15m chart.. there are bigger ones on eurx and eu.. that are usd negative.
is this what you meant?
  • #249,056
  • May 27, 2010 5:18pm May 27, 2010 5:18pm
Quoting T@rantula
Well, I prefer Absinth or at least Whisky/RedBull
Never had a redbull. A bit too "X" generation for me. But I will go for the Absinth. Is it even legal in the States now?!
Capital Preservation is key to long term wealth accumulation
  • #249,057
  • May 27, 2010 5:19pm May 27, 2010 5:19pm
I`m in short, I missed to buy back when it was down for a little, but if possible, I would like to get out with some +. Do you think it goes down a bit tonight? Not much I need... maybe to 2330?? I know nothing is for sure, but any thoughts? Or shall I escape with a small minus? Thanks a lot for answer.
  • #249,058
  • May 27, 2010 5:22pm May 27, 2010 5:22pm
Quoting MuddBuddha
Never had a redbull. A bit too "X" generation for me. But I will go for the Absinth. Is it even legal in the States now?!
Hmm dunno about States, but here is half-legal. We can have it in special clubs.
I like strong drinks but a bit sweetened.
Try RedBull/Vodka... or Coke/Wine
  • #249,059
  • May 27, 2010 5:23pm May 27, 2010 5:23pm
4 hr channel here, lets c if it holds up
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  • #249,060
  • May 27, 2010 5:28pm May 27, 2010 5:28pm
Quoting uraceulose
is this what you meant?
i forgot posting that.. same old chart .. different day... 2360 i think will be a big number as time goes on.. at some point will wont go above it..again if ever..
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those who can, do. those who cant, talk about those who can
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