EURUSD

for me and all the others that entered short at 385x.

I got my TP
3 hours before what i predict...

Challenger Job Cuts y/y -49%

Big thumbs up for anyone who went short this morning

Since January 1, 2011 and late in December 2010 it seemed that the Portugal, Ireland, Spain debt issue was not a concern to the ECB and Germany. The US Dollar Index was going down and of course with 57.6 % of the Index EUR/USD has moved over the November 22, 2010 HIGH of 1.3786.

Notice how Gold has sold off even with the US Dollar Index down. Yet Oil is above $91.00 US.

The first hint of a NEW arrangement was the announcement that China has funded Portugal directly for One Billion Two Hundred Million in early January 2011.

Germany was backstopping the problem to the tune of Three Hundred Billion and Merkel was under tremendous political pressure. Bernake was causing big troubles for China and by extension to Tunsia because of higher commodity prices through the printing of unlimited US Dollars to pay the US Debt. China had stopped buying US Treasuries and things needed to change. Commodity prices rose as the US Dollar was devalued by the FED in the USA.

I will post later on part of my source material in case anyone wants to read it directly from the author.

Summary and Conclusions:

China now is buying Europe debt through the purchase of their bonds in exchange for convertibility of the bonds into Gold. China has stopped it's large direct purchase of Gold on Comex hence it has dropped which is good for China since they can accumulate at a lower price. There are new agreements between Europe and China including technology transfers and that is why the Europe has been strong in spite of ungoing debt problems.

That is not to say that EUR/USD will not go down but just to say there are new factors in place. The weaker Europe becomes the STRONGER China becomes and it unloads US Dollars in exchange for Gold and Technology. The bonds are backed by more than the US Dollars backed by Hot Air and a great Ponzi Scheme. Those are words used by Bill Gross of Pimco. Bernake is not the bad guy however the FED is in a box and the other powers that be like China and Europe know this as well.

OVERVIEW OF THE CHINA-EUROPE CARD
The Chinese are well along a full court press to secure Gold bullion and dominate in the next phase of the global chess game that will span the next decade or more. With the expansion in the European Dollar Swap Window by the Chinese, the Euro currency has risen impressively. No benefit to Gold has been realized despite the USDollar slide in the last month. One must suspect the Chinese are busy as yellow jacket bees dumping USTreasury Bonds. But also, the Chinese might have suspended some of their Gold & Silver purchases. They might have actually drained for a time the COMEX gold inventory, and await its replenishment. Enter the BIS after midnight from the loading dock. Beijing leaders might be anticipating a high volume Gold bullion purchase flow from the back door in Europe. Refer to EuroBonds bought at discount using the Dollar Swap Window, converted eventually to Gold. My guess is the harlot Intl Monetary Fund will facilitate the Gold conversion, from the EU member nation central banks associated with PIGS nations. If inadequate supply of Gold is a problem with PIGS nations, perhaps some gold swap contracts can be enabled with the help of the Bank For Intl Settlements in Switzerland. But those swaps would seal the PIGS nation fates, since they would hand over industrial, commercial, and other collateral, assuring banker elite ownership of whatever keys to the kingdom are left. Therefore, Gold is vulnerable to hits during the time China takes its foot off the accelerator pedal. China has found a way to purchase high volumes of Gold bullion at a discount. The discount is essentially the EuroBond sovereign debt discount under distress, which might be in the 10% to 20% range. So the PIGS debt will be rescued for a while, but with forfeit of their central bank gold, or borrowed gold.

Author: Jim Willie
Last edited by Robert99; Feb 1, 2011 11:48am (19 hr ago). Reason: To Add Source

Dr., I do not have to ask - I happen to know. Cheers & Happy Trading - as a Fund Manager you need it more than skirmishes on Forums !

ok good for you.

The problem is that I seem the only one who trade LIVE.

majority of you just post after the fact.

give me exact entry tp and S/l

Remember yesterday and the day before yesterday? 220 pips total. LIVE.

"[EUR/USD] dropped back through 1.3800 to fresh session lows in a move some suggested was linked to comments from a German government source who, according to Reuters, said that it is against the EFSF rescue fund buying bonds from Eurozone countries, adding that it is not in the govt's interest nor is it practical. It's no real surprise that Eur/Usd has failed to maintain its earlier gains, with only sellers being reported above 1.3850 including Russian and Middle East accounts. Pullbacks are contained for now to a 1.3792 low, and traders only report bids on the downside. That said, more severe setbacks below yesterday's 1.3700/1.3727 lows will likely prompt a panic stop loss chase lower."


Source: IGM

agree, but would add, that you should only enter when you have the odds or probability edge in your favour, however you define your edge...

And thank YOU. this is what I am trying to work out, and knowing the "advising traders" time frame helps me see his perspective.

If you never know anything about market direction then no amount of money management if going to deliver consistent profits.

The need for money management is a function of your ability to pick the direction. If you are never wrong in picking the direction, then there is no need for money management.

waiting for 1hr candle close..might be it will find a a support (H4 Pivot)..

nope, you have a completely different problem, but that's not part of this thread.

the 3850 was posted yesterday morning as the entry for short... that's not after the fact, is it?

hell, pa even missed my entry be 1.x pips last night, came back to invite me in.

edit: and of course you are the only one who's trading live. we all have the time and money to sit in front of our charts just to trade demo...

i know you guys dont like cloggie.....
but see urself.


actually u can be proud to have him

Aw really. You are one of those so called traders that post after the fact.

And thats obvious.

Give me all your trade calls with entry, tp and s/l.

Ofcourse u cant. As you dont trade anything. All i hear is bla bla bla.

90% here have no clue about direction and a bit of MM knowledge is the only thing keeping them in the market for more then 4 weeks.

gotta be cool if all of us gonna post their trading history, fuck off lotsizes , just entry,sl tp and exit.

at least last 3-4 weeks

Guess what????

Great post Robert 99. Thanks for sharing

http://www.forexfactory.com/showthre...39#post4363539
http://www.forexfactory.com/showthre...05#post4362305

I don't try to act as a signal service like you do. You have a serious problem with your personality, when you are wrong.