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  • #310,041
  • Oct 19, 2010 3:31pm Oct 19, 2010 3:31pm
Quoting DMA Trader
any time frame ?

i bet with you on 1500 mark before 12.30.2011
id have to chart it... but you got some big mofus before that #... the same mofus that slapped it down... #302248 http://cdn.forexfactory.com/images/b...report.gif?v=1
those who can, do. those who cant, talk about those who can
  • #310,042
  • Oct 19, 2010 3:34pm Oct 19, 2010 3:34pm
Must go get some sleep have much work early
Catch u tomorrow @us session
Trade safe guys
  • #310,043
  • Oct 19, 2010 3:34pm Oct 19, 2010 3:34pm
Quoting Leche Mocha
I'm a reaction trader also. But we aren't supposed to exist to some people.
I can pull out intraday targets. Its a nonsense to predict something such serious as a long term target . Its not serious, its childish. Look at those institutional forex traders. They predicted EU 1.18 in 4 months then when positive reversal happened they switched to 1.4. Its not trading, Its gambling. I dont gamble- I trade.

If I dont spot a confluence of variables at support/resistance its a no trader for me.
  • #310,044
  • Oct 19, 2010 3:34pm Oct 19, 2010 3:34pm
Quoting egkid
Must go get some sleep have much work early
Catch u tomorrow @us session
Trade safe guys
cya mate
  • #310,045
  • Oct 19, 2010 3:36pm Oct 19, 2010 3:36pm
Quoting gatorinla
quote me right... .0858 the 7770 then war then 0


china has a embargo for rare earth materials to the u.s. tick tock
fight from the west coast, please. i don't like to be right in the middle.
  • #310,046
  • Oct 19, 2010 3:39pm Oct 19, 2010 3:39pm
I'll be shocked if gold doesnt have a down 10% day sooner or later. That trade is so crowded, and dam does it get thin on the way down.
Look Sharp/Trade Tight
  • #310,047
  • Oct 19, 2010 3:42pm Oct 19, 2010 3:42pm
Quoting SkyzerFX
Alright, have no Gold Silver to trade in my current Account,

but Bought Gold/Silver and Sell USDTRY

1 Lot each of them on Demo.. 25k funny money coming in 2-3 days..

Be right back


lol.....
  • #310,048
  • Oct 19, 2010 3:45pm Oct 19, 2010 3:45pm
oil continues to slide
  • #310,049
  • Oct 19, 2010 3:53pm Oct 19, 2010 3:53pm
Quoting mfoste1
oil continues to slide
they made some new changes to how hedge funds reports position on commodity's part of the sell of. didn't had a chance to get into details. of course main reason usd strength

it can go to 77 fts nov.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #310,050
  • Oct 19, 2010 3:53pm Oct 19, 2010 3:53pm
Quoting longshot_nl
How will the war end?
What happens after 0?
Do you have dates?
*L* for every action there is a reaction.... what happens when u.s. cheapens usd???? not here but in china....i just laugh at the qe mouth piece bs... i keep telling you guys a weak usd hurts German exports.. not only against the usd but against the Chinese won. so german exports will suffer...plain and simple... the key is the won goes down.. now what happens in china when this happens? they (china) export more to Europe... good for china bad for Europe.. now as the usd goes down commodities rise, this can create inflation in the u.s. although they say its not.. *BS* anyway guess where china gets its food? not to mention commodities are rising.. so china pays more for food. helping the u.s. deficit.(stronger usd) at the same time it creates inflation in China causing china to raise the currency peg verses usd. thus causing commodity demand lower... then commodities fall like today. and strengthen usd
those who can, do. those who cant, talk about those who can
  • #310,051
  • Oct 19, 2010 3:58pm Oct 19, 2010 3:58pm
Nice insight G

Quoting gatorinla
*L* for every action there is a reaction.... what happens when u.s. cheapens usd???? not here but in china....i just laugh at the qe mouth piece bs... i keep telling you guys a weak usd hurts German exports.. not only against the usd but against the Chinese won. so german exports will suffer...plain and simple... the key is the won goes down.. now what happens in china when this happens? they (china) export more to Europe... good for china bad for Europe.. now as the usd goes down commodities rise, this can create inflation in the u.s. although...
Disclaimer: Check your 1m charts
  • #310,052
  • Oct 19, 2010 4:00pm Oct 19, 2010 4:00pm
Looking at USDX chart... no wonder!
  • #310,053
  • Oct 19, 2010 4:01pm Oct 19, 2010 4:01pm
Quoting pipper
Nice insight G
the u.s. is killing 2 birds with one stone.
those who can, do. those who cant, talk about those who can
  • #310,054
  • Oct 19, 2010 4:03pm Oct 19, 2010 4:03pm
Quoting mfoste1
oil continues to slide
i was thinking euro is being used as the the stick to bate the worlds fiat reserve curency but theirs no fundenental reason for euro to b value almost the same as gold so when usd is no longer world reserve euro will get a nasty surprise as it gets plunged into a cold bath.
have your listened to mike alony resontly he thinks oil is basicly worthless and may go down to 10$ incredible stuff.
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  • #310,055
  • Oct 19, 2010 4:05pm Oct 19, 2010 4:05pm
Quoting egkid
Must go get some sleep have much work early
Catch u tomorrow @us session
Trade safe guys
  • #310,056
  • Oct 19, 2010 4:05pm Oct 19, 2010 4:05pm
Where do you guys get real time data for Oil and USDX?
  • #310,057
  • Oct 19, 2010 4:09pm Oct 19, 2010 4:09pm
Quoting gatorinla
*L* for every action there is a reaction.... what happens when u.s. cheapens usd???? not here but in china....i just laugh at the qe mouth piece bs... i keep telling you guys a weak usd hurts German exports.. not only against the usd but against the Chinese won. so german exports will suffer...plain and simple... the key is the won goes down.. now what happens in china when this happens? they (china) export more to Europe... good for china bad for Europe.. now as the usd goes down commodities rise, this can create inflation in the u.s. although...
i agree with most of the Europe-China etc.

but if China raise rates like today having won peg they need to buy USD.
so they hit the commodity and they get USD strength. so WON still down.
so they temper growth temper inflation and still get the WON down.
So I agree about EZ. but when it comes to China they have 2 things they can do.

1. raise rates - exactly what they are doing today -> getting dollar up hitting commodities and then from both (rates up - commodity's lower) you get in China lower inflation expectation plus better prices for them to buy because they still buying and building like crazy - expectation for 200 MIl ppl to move to big City's in the next years.

2. second won raise. not going to happen.

What about USA.

1. weak dollar helping US exports and US economy - don't forget target is double the exports.
but China can stop the dollar devalue by raising rates. so China has the shot.

Also strong USD hitting them about debt, exports, deficit housing, stock market (very important to US economy)

Conclusion China has the aces in hand.

Now tell me one thing that can stop China.

China is the Big Dog now. exactly where USA was in 1980. (my personal op)
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #310,058
  • Oct 19, 2010 4:15pm Oct 19, 2010 4:15pm
Quoting T@rantula
I can pull out intraday targets. Its a nonsense to predict something such serious as a long term target . Its not serious, its childish. Look at those institutional forex traders. They predicted EU 1.18 in 4 months then when positive reversal happened they switched to 1.4. Its not trading, Its gambling. I dont gamble- I trade.

If I dont spot a confluence of variables at support/resistance its a no trader for me.
Hey T. Your posts are very interesting and make a lot of sense to me. Couple of questions if I may (I am a total newby).

- How do you calculate the intra-day targets?
- How do you calculate where the next swings possibly be on H4 chart?

If you could elaborate a bit or point in the right direction so i can read more about the methods you use.

Thanks a lot!

hammer083
  • #310,059
  • Oct 19, 2010 4:21pm Oct 19, 2010 4:21pm
Quoting paulw6182
oil is basicly worthless and may go down to 10$ incredible stuff.
Demand determines price/value. Ultimately, the price/value always ends up being determined by what the buyer/market is willing to pay. The more limited the availability, the higher the price since the more buyers are willing to pay due to competing with each other for access to the item. The amount of oil in the world is finite and decreasing daily, it is not a renewable resource.

Demand for oil is increasing as third world countries such as China and India become wealthier and more inhabitants have cars and use energy. That being the case, what would cause oil to become 'cheap', not to mention worthless.
  • #310,060
  • Oct 19, 2010 4:25pm Oct 19, 2010 4:25pm
Quoting DMA Trader
i agree with most of the Europe-China etc.

but if China raise rates like today having won peg they need to buy USD.
so they hit the commodity and they get USD strength. so WON still down.
so they temper growth temper inflation and still get the WON down.
So I agree about EZ. but when it comes to China they have 2 things they can do.

1. raise rates - exactly what they are doing today -> getting dollar up hitting commodities and then from both (rates up - commodity's lower) you get in China lower inflation expectation plus better prices for...
china will always import commodities. so they have limited expansion... so they blow their money on the worlds largest military. atm you got other Asian country's with cheaper labor. its not as peachy as its made out to be. add in some inflation and those savings rates go down or they cut back. raise the currency value and those other Asian will be glad to build it even cheaper. inflation plus a cutback in jobs due to currency raise and you got 600 million guys with 100 women to chose from.... and viagra on the net.. what a powder keg if jobs soften...

what about the u.s.? is there something not priced in? u.s. is an open book.. and the u.s. is purchasing less because of less jobs
those who can, do. those who cant, talk about those who can
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