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  • #301,961
  • Oct 6, 2010 11:43am Oct 6, 2010 11:43am
My Last trade for today....... shorted for retrace EU needs some bullet at that area to move higher.......
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  • #301,962
  • Oct 6, 2010 11:43am Oct 6, 2010 11:43am
The trend is always longer than you expected...
  • #301,963
  • Oct 6, 2010 11:46am Oct 6, 2010 11:46am
Quoting jacob_ice
I too closed my long Gold position at 1348. It closed on its triggered to closed automatically at London session last night. my entry was 1300. Now I'm wondering if a major pullback is on the way or gold still surpasses new height.
What's your opinion on this?
Jacob. I think that the same fundamentals are in play as last time for Gold to continue to climb higher. With so many countries continuing to devalue their currencies with QE like the BOE, Eurozone, US FED big time, Japanese intervention, Swiss intervention, it leaves Gold, Silver the Aud and the NZD extremely attractive.

Gold is kind of in a win win situation like I said before. If news is bad it bolsters the belief the FED will introduce more QE. If news is good commodities and anti-dollar assets are taking off. I think we may still see Gold go higher. In the short term I'm not sure if we have a pull back but I wont be surprised to see 1450-1500 within the next 3 months if fundamentals stay the same.
  • #301,964
  • Oct 6, 2010 11:48am Oct 6, 2010 11:48am
Quoting Masrim
You can calculate the inflation based on the increase of gold price and this late autumn US equity rally. Surprisingly if you calculate it in stocks it is about 5% the last month and 8,3% in gold. Which is interesting to analyze cause it shows there's actually selling pressure in US stocks, and they have declined about 3,3% in real terms, but it simply wasnt enough to counter the inflation. This makes sense when you consider the statistics about outflows of capital from the US equities.

we have been in a deflation, QE1 didn't stop it, that is why they want a QE2, which won't stop it

http://www.thepeoplesvoice.org/TPV3/...-helicopter-be
  • #301,965
  • Oct 6, 2010 11:49am Oct 6, 2010 11:49am
Quoting mercy seat
hmm ... yes ... we shorted it now ... from 1.39438 ... and not before !!!
92% unwinded at 1.38307 ... stops above 1.3955 for the rest of short entry positions ...

until that we longed it on dips ...


http://cdn.forexfactory.com/images/attach/gif.gif

2010-10-06 _ zigzagtracktracer (18h32 CET) EUR-USD 015min _ 000.GIF (37.5 KB)

hmm ... ja ... schön ...
I think if your short goes the other way a little, BOJ intervention will be aggressive...it has to be more aggressive than its previous attempt. It may be USDs last chance at a breather unless NFP numbers make a change.
  • #301,966
  • Oct 6, 2010 11:50am Oct 6, 2010 11:50am
Quoting SkyzerFX
Your stops gonna be hit in few hours.
if the person face is not good then he must be to talk good.. just kidding.. dont be mind.. we didnt short it because we are going to see 1.30 soon.. we just wait for 3830.. so be a gentleman and wish us good luck
  • #301,967
  • Oct 6, 2010 11:51am Oct 6, 2010 11:51am
Quoting Geppy
Yes, sadly I do know this.

Won't stop me from trying though.
Hello dear brother
If one day one of us made a consulting forex company , U know ....will b together
  • #301,968
  • Oct 6, 2010 11:51am Oct 6, 2010 11:51am
Quoting Faller
Anyone hear from Rattyo? Is she still holding those Euro shorts? Wow....this sure has been a nice move up......
Look Sharp/Trade Tight
  • #301,969
  • Oct 6, 2010 11:51am Oct 6, 2010 11:51am
Quoting Masrim
You can calculate the inflation based on the increase of gold price and this late autumn US equity rally. Surprisingly if you calculate it in stocks it is about 5% the last month and 8,3% in gold. Which is interesting to analyze cause it shows there's actually selling pressure in US stocks, and they have declined about 3,3% in real terms, but it simply wasnt enough to counter the inflation. This makes sense when you consider the statistics about outflows of capital from the US equities.
Continuing my calculation the EUR had an inflation of about 1,3% which is just inline, if slightly lower, with what the ECB likes and shows they are sitll working well within their objectives.
  • #301,970
  • Oct 6, 2010 11:51am Oct 6, 2010 11:51am
Quoting mercy seat
hmm ... yes ... we shorted it now ... from 1.39438 ... and not before !!!
92% unwinded at 1.38307 ... stops above 1.3955 for the rest of short entry positions ...

until that we longed it on dips ...


http://cdn.forexfactory.com/images/attach/gif.gif

2010-10-06 _ zigzagtracktracer (18h32 CET) EUR-USD 015min _ 000.GIF (37.5 KB)

hmm ... ja ... schön ...

http://cdn.forexfactory.com/images/attach/png.gif

2010-10-06_18h45_ EURUSD _ weekly _ (all ind).PNG (37.9 KB)

Ach so ... btw ... 1.3917/ 20 ... that has been our upside projection ... for some of those reasons that you mentioned there ... but we came to other conclusions ... we have said 200 ma in weekly that is our target to be hit at first ...
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Click to Enlarge Name: 2010-10-06_18h45_ EURUSD _ weekly _ (all ind).PNG Size: 38 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #301,971
  • Oct 6, 2010 11:52am Oct 6, 2010 11:52am
China wont revalue its yuan, Japan shall keep their intervention on hold at mom, ansian will keep trying weahening their ccy, EU want a stronger euro so other people keek buying its bonds, US want to devalue its US,....the world is collapsing, buy gold.....................
  • #301,972
  • Oct 6, 2010 11:53am Oct 6, 2010 11:53am
Forming a pin bar in HI
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  • #301,973
  • Oct 6, 2010 11:54am Oct 6, 2010 11:54am
Pick you landing spot ( Weekly chart) 1.4570 looks on target
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Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #301,974
  • Oct 6, 2010 11:54am Oct 6, 2010 11:54am
I would not bet on a BOJ intervention before the NFP.
They failed two times already, so their only chance would be a soften market due to the NFP #'s and maybe with the SNB's intervention as well.
I guess time will tell ....as always

Quoting Redeemed1
I think if your short goes the other way a little, BOJ intervention will be aggressive...it has to be more aggressive than its previous attempt. It may be USDs last chance at a breather unless NFP numbers make a change.
  • #301,975
  • Oct 6, 2010 11:55am Oct 6, 2010 11:55am
Im wondering how long equities can go without a sharp correction? USD value continues to decline but at a slower pace than equities climb. Somethings gotta give. Equities, Gold...as the USDs decline looks to have slowed in comparison.
  • #301,976
  • Oct 6, 2010 11:56am Oct 6, 2010 11:56am
Quoting egkid
Hello dear brother
If one day one of us made a consulting forex company , U know ....will b together
Actually planning something along those lines... but more of a mentor trading company with a new class every 6 months. I want to train new traders, pay them a salary and have them trading firm capital... really give them an atmosphere they can learn and become successful in without worrying about living expenses, etc. Probably a couple years away from launching that (I have another company I'm already in the midst of building).
check out my blog: forexmademillionaire dot com
  • #301,977
  • Oct 6, 2010 11:56am Oct 6, 2010 11:56am
Quoting Redeemed1
Im wondering how long equities can go without a sharp correction? USD value continues to decline but at a slower pace than equities climb. Somethings gotta give. Equities, Gold...as the USDs decline looks to have slowed in comparison.
look at the last few minutes, since eur stopped climbing stocks have started retreating.
  • #301,978
  • Oct 6, 2010 11:59am Oct 6, 2010 11:59am
Quoting Pipnel
Just closed 1/3 of the trade for 550+.

If we can get past 1.35964, then 1.37125 or even 1.39165 might be on the way.
I'm closing another 1/3 of the trade for 920+

I will be watching closely if we get past 1.40629. If we do 1.41663, or 1.42697 will be around the prices to close the last 1/3.
"In economics, the majority is always wrong." John Kenneth Galbraith
  • #301,979
  • Oct 6, 2010 12:00pm Oct 6, 2010 12:00pm
Quoting ziko123
we have been in a deflation, QE1 didn't stop it, that is why they want a QE2, which won't stop it

http://www.thepeoplesvoice.org/TPV3/...-helicopter-be
To all saying there is no inflation, you should look up some books, or at least articles by http://en.wikipedia.org/wiki/Hjalmar_Schacht (incase you don't know who he is). Basicly one of his major ideas is that the 1920s inflation in Weimar started first in the financial markets, yes, it started in forex and other speculation and after that it began in the real sector. Too bad his ideas have been forgotten by central bankers today who watch all the wrong indicators.
  • #301,980
  • Oct 6, 2010 12:02pm Oct 6, 2010 12:02pm
Quoting Masrim
look at the last few minutes, since eur stopped climbing stocks have started retreating.
Mas-Yes I see that...you always have solid outlook when it comes to equities in relation to currency. I'm talking more for a pullback/retreat from equities scenario. Your thoughts? When do equities get tired?
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