you really buy on strength ah? EU has rebounded so much but u waited for end of candle before entering! it would have a different psychology from mine. i will not dare to enter at such a high price.
hmm really something to learn from you
- #10,462
- Apr 2, 2011 5:48am Apr 2, 2011 5:48am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
I don't want a job, i want money!
- #10,463
- Apr 2, 2011 5:59am Apr 2, 2011 5:59am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Hey brothers
We had good news for the USD and GBPUSD went up?
did i miss something...or maybe this is the manipulation we usually expect on news?
- #10,464
- Apr 2, 2011 6:50am Apr 2, 2011 6:50am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Let me clear it up if you guys take my word for it.
I was talking to mate of mine who works for top investment bank (surely u would have guessed by now, if not then give your mind some work to do over the weekend). The latest sell in the dollar was from fed. Since the begining of this year newly elected govt's aka cameron/obama & party have given their central banks the power to interevene in the market when they feel like.
UK, Japan has been doing it for years but it's new for US, yes! not easy to reason with but true. Fed has spent so much money for economy to stand on it's feet. They are not going to let it go in vain with anything that stand in their way now. This is the same mate who said this trend will not faded that easily (remember my post about euro reaching 1.50 a while back).
When Nikkei tank'd 15% in a day who bought shares in the JAP, US, UK markets, not traders, it was federal govt of countries who kept buying. No effect here, is that possible in real world?
pound ain't going below 160, euro isn't going below 133. Now watch for UJ to keep cming back to .80, u know why? Inflation weekening currency, cannot raise interest rates, higher high commodity prices = recipe for disaster. So UJ ain't going more than 85-88 max.
Anyways, he suggests that as long as free money remains keep buying the dips for star trades (400-500 pips). He also suggests of QE3. perhaps when people are long dollar then.
at
ams
I was talking to mate of mine who works for top investment bank (surely u would have guessed by now, if not then give your mind some work to do over the weekend). The latest sell in the dollar was from fed. Since the begining of this year newly elected govt's aka cameron/obama & party have given their central banks the power to interevene in the market when they feel like.
UK, Japan has been doing it for years but it's new for US, yes! not easy to reason with but true. Fed has spent so much money for economy to stand on it's feet. They are not going to let it go in vain with anything that stand in their way now. This is the same mate who said this trend will not faded that easily (remember my post about euro reaching 1.50 a while back).
When Nikkei tank'd 15% in a day who bought shares in the JAP, US, UK markets, not traders, it was federal govt of countries who kept buying. No effect here, is that possible in real world?
pound ain't going below 160, euro isn't going below 133. Now watch for UJ to keep cming back to .80, u know why? Inflation weekening currency, cannot raise interest rates, higher high commodity prices = recipe for disaster. So UJ ain't going more than 85-88 max.
Anyways, he suggests that as long as free money remains keep buying the dips for star trades (400-500 pips). He also suggests of QE3. perhaps when people are long dollar then.
at
ams
hi bro..i think this is to confuse and now its a 50:50 thing..can come up with a case for either direction..best way to extract money..what can u do
- #10,465
- Apr 2, 2011 8:28am Apr 2, 2011 8:28am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Let me clear it up if you guys take my word for it.
I was talking to mate of mine who works for top investment bank (surely u would have guessed by now, if not then give your mind some work to do over the weekend). The latest sell in the dollar was from fed. Since the begining of this year newly elected govt's aka cameron/obama & party have given their central banks the power to interevene in the market when they feel like.
UK, Japan has been doing it for years but it's new for US, yes! not easy to reason with but true. Fed has spent so much...
- #10,467
- Apr 2, 2011 9:26am Apr 2, 2011 9:26am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Indeed, it's becoming transparent now...
China keeps buying the debt of these countries at star rates > 10+ percent PA. Greek bonds worth $5B were bought by china ranges from 15% - 22%. Portugal bonds @ ranges from 8 -12%, so with irish bonds. Reckon same will happen with Spain.
These are huge returns.
Even the best, top fund managers struggle to make more than 15-25% PA.
All future generations of europe will now work for chinese just so they can pay the interest forget about the debt.
And ofcourse, all companies will get their manufacturing done from them too!! Win, win!!
No wonder buffet sees future in BRIC nations only now for 20+ yrs
China keeps buying the debt of these countries at star rates > 10+ percent PA. Greek bonds worth $5B were bought by china ranges from 15% - 22%. Portugal bonds @ ranges from 8 -12%, so with irish bonds. Reckon same will happen with Spain.
These are huge returns.
Even the best, top fund managers struggle to make more than 15-25% PA.
All future generations of europe will now work for chinese just so they can pay the interest forget about the debt.
And ofcourse, all companies will get their manufacturing done from them too!! Win, win!!
No wonder buffet sees future in BRIC nations only now for 20+ yrs
And the Europeean Elite have invested too much in the Euro to let it collapse - they'll do all they can to prop it up - even increase rates which'll stuff club med but keep Germany sweet.
- #10,468
- Edited 7:36pm Apr 2, 2011 4:36pm | Edited 7:36pm
- Joined Sep 2010 | Status: Trader | 11,327 Posts
- #10,471
- Edited 6:25pm Apr 3, 2011 6:11pm | Edited 6:25pm
- | Membership Revoked | Joined Mar 2010 | 3,853 Posts
All systems of divination, like music itself,work through patterns.
- #10,473
- Apr 3, 2011 6:43pm Apr 3, 2011 6:43pm
- Joined Sep 2010 | Status: Trader | 11,327 Posts
Hey Chaz, got double bottom on M15 . I'm looking to go short 14218.
BTW love your avatar...all sort of hairy and Chef sweaty...
Not sure about using set-ups like that is gonna work for shorts - going short on a double - bottom , I mean.But a short at 14218 could work - and would show a drop back below MAR31 resistance(M15)
In regard to the double-top set up on GBPCHF chart - I am looking for the double top to be confirmed with stochastics being overbought - as the pair is in a downtrend - if it goes with bounce off ema200 D1 would be even better
- #10,475
- Apr 3, 2011 6:54pm Apr 3, 2011 6:54pm
- | Membership Revoked | Joined Mar 2010 | 3,853 Posts
Hi Kas - You mean the 2030 candle APR1 and 2330 candle from APR3?
Not sure about using set-ups like that is gonna work for shorts - going short on a double - bottom , I mean.But a short at 14218 could work - and would show a drop back below MAR31 resistance(M15)
In regard to the double-top set up on GBPCHF chart - I am looking for the double top to be confirmed with stochastics being overbought - as the pair is in a downtrend - if it goes with bounce off ema200 D1 would be even better
All systems of divination, like music itself,work through patterns.
- #10,476
- Apr 3, 2011 6:59pm Apr 3, 2011 6:59pm
- | Membership Revoked | Joined Mar 2010 | 3,853 Posts
i usually build my route map on a Sunday but am winging it today as am getting used to new computer and windows 7.
All systems of divination, like music itself,work through patterns.
- #10,479
- Apr 3, 2011 7:20pm Apr 3, 2011 7:20pm
Oh man, everyone's changed their avatars...
Ain't no way i'm gonna put my ugly face up
Hey Azim, let me know when you are over in UK - Leicester is about an hour away from Wolves, will be good to hook up, dinner's on me bro....Desi stylie
Chakde India....
Ain't no way i'm gonna put my ugly face up
Hey Azim, let me know when you are over in UK - Leicester is about an hour away from Wolves, will be good to hook up, dinner's on me bro....Desi stylie
Chakde India....
It's a dirty job but someone's gotta do it!
