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  • #442,081
  • May 14, 2011 6:30pm May 14, 2011 6:30pm
Quoting needpips
Yes....Im almost resigned to the 11:00 am to 12:00 trading time. I have watched this steadily for weeks and find it to be a righteous spot...

Also....days of the week....Thursdays seem to always be a rally type scenario


FWIW

Is that 11 am to noon or 11 am to midnight? Whereabouts in the USA are you, please? So we can translate your times into GMT.
  • #442,082
  • May 14, 2011 7:49pm May 14, 2011 7:49pm
Quoting Larseg
Just want to make it clear, I WILL NOT TAKE ANY LONGS

Ok, here is what I see.

 

  1. Massive 1.3900 expiry coming up which will be a magnet
  2. I would normally have expected choppy session the first couple of days but Bernanke is speaking tomorrow so he should create some action for the downside
  3. EU dropped this week-end another 20 pips so far
  4. 1.4021 will be a temp stop before whipsawing around 1.3800-1.3900
  5. However, when no one is long and everyone is short its hard to drop further so expecting a sharp suckers rally before a drop should be expected...Trading new confirmed trends will be a good tactic
  6. Because 150 pips for 150 is not the best deal though...
  7. I would be bull for EUR if we see 1.4600 with a pullback towards 1.45xx without a break...

Exiting week guys, exciting...

Larseg,
xoxo

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  • #442,083
  • May 14, 2011 8:28pm May 14, 2011 8:28pm
Quoting ikdenk
Is that 11 am to noon or 11 am to midnight? Whereabouts in the USA are you, please? So we can translate your times into GMT.
my bad......EST
  • #442,084
  • May 14, 2011 8:41pm May 14, 2011 8:41pm
Quoting Larseg

Larseg,
xoxo
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #442,085
  • May 14, 2011 8:59pm May 14, 2011 8:59pm
Quoting Magix

Hehe, not for the Muppets though...
  • #442,086
  • May 14, 2011 9:18pm May 14, 2011 9:18pm
Quoting needpips
my bad......EST

Till 11 to noon (small window) or 11 to midnight?
  • #442,087
  • May 14, 2011 9:22pm May 14, 2011 9:22pm
Quoting infinitus
Hi Paul,

for argument a):

have to be more precise: I meant, that the Fed simply credited the accounts that banks that are members of the Federal Reserve System hold with the Fed. These electronic credits, or reserve balances, are what has imploded since 2008.

To cause out of that inflation, banks have to lend out that money to the consumer. But banks were reluctant to lend and the consumer were reluctant to borrow.

A good reading about that is here: http://inflationdata.net/printing-mo...t-print-money/
Thankyou buddy,
I read the article .

And agree in principal,But That reinforces my point i feel.
They would normally need the reserves to lend to an expanding economy .
ie lend to businesses obviously when the loan is repaid it goes back into the fed and is taken back out of circulation leaving the bank with the profit/interest on the loans .
I realise it more complicated but simply put would you agree?

But the problem is they are not lending to an expanding economy ,they are not even lending to the contracting economy .

No, the government have been living beyond there means .

So the government have issued even more debt for sale as bonds ,but no one is buying them ,so the the central bankers print this electronic money and swap it for its own government debt/bonds.

How the hell are they going to pay it back ?

Basically in this senario they are printing money with it going to pay the day to day running of the american economy and interest on loans they already owe to other countries,The multi million dollar bombs they dropping on the world cant be recycled and paid back.

Therefore the money stays in circulation and over time the dollar becomes weaker by the percentage of excess currency which will probably be 200+% by end qe2 ,
To americans a dollar will still look like a dollar but you will need twice as many to buy what you can buy today with that dollar.

Jim rogers and other astute people are not telling people to buy gold and silver as an investment .
Put it this way you can still buy gasolene at 20cents today and it is expensive.

How?

Pay with a 20 cent coin minted before 1964,the silver in it is worth $6.50.
So you would need change lol.
Everything physical has gone up the same,only fiat currency hasnt.

Inflation is government tax ,they can take it out of your pocket at the click of a mouse ,they dont even have to print it.
If you own gold ,silver it doesnt matter if it goes up or down because so will what you need to buy .
making green pips large and red pips small this is my goal.
  • #442,088
  • May 14, 2011 9:30pm May 14, 2011 9:30pm
Short EUR/USD was definitely the trade right now. Will it will keep paying off next week?
  • #442,089
  • May 14, 2011 9:36pm May 14, 2011 9:36pm
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting Larseg
Hehe, not for the Muppets though...
Nice post, I will probably be taking both longs and shorts just because I'm an intraday scalper.

I for one think though we will most likely test the ascending Monthly Trend line and go around 1.3500/1.3600.

Interesting to see what will happen during the coming weeks.
  • #442,090
  • May 15, 2011 12:14am May 15, 2011 12:14am
Quoting paul1
Thankyou buddy,
I read the article .

And agree in principal,But That reinforces my point i feel.
They would normally need the reserves to lend to an expanding economy .
ie lend to businesses obviously when the loan is repaid it goes back into the fed and is taken back out of circulation leaving the bank with the profit/interest on the loans .
I realise it more complicated but simply put would you agree?

But the problem is they are not lending to an expanding economy ,they are not even lending to the contracting economy .

No, the government...
Hi Paul,

there is a saying, that with one ounce of gld you was able to buy a dress in old Rom ages ago, and you could buy a dress today :-)

I see, we have one same standpoint: FED gives out money to the banks, but the do not like to lend out and people are reluctant to be a borrower.

Point for me: although the FED is "printing" money, this money has yet not caused inflation, because it has not reached circulation.

People in these days focus on paying back their debt (paid back debt again is money which is taken out of circulation), thus decreasing the likelihood for inflation.

Defaulting (aka imploding) debt is deflationary, because debt which can not be paid back vanish from the system. That causes that the rest of the USD to get more worth.

Now the situation seems to be, that the USD profits from the situation that the majority of all debt worldwide is denominated in USD. When it defaults, the USD gets stronger. When it is paid back, the USD gets stronger.

Will that effect last forever? Surely no. The plan is to be in the USD as long as possible and then switch into Gold. But not yet.

I will be a buyer of Gold sub 1000 (ideally 500-650). It depends of the structure of the Elliott waves at that point........
  • #442,091
  • May 15, 2011 1:17am May 15, 2011 1:17am
Very good USD Index EW count from Sid (which also is inline with my main and alternative count on EURUSD):


http://elliottwavepredictions.com/
  • #442,092
  • May 15, 2011 2:24am May 15, 2011 2:24am
Baltic dry Index

switch to 1month view:

down we go again - but all is good, isn't it - green leafs everywhere


http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
  • #442,093
  • May 15, 2011 2:25am May 15, 2011 2:25am
Quoting gordonfx
Sorry this is all I have.
F1 pulls up the Userguide. your broker's data feed click options ( little man with the wheel )up on the tool bar nd click on server and you can see where your datafeed is coming from
Thanks Gordon. That would be a good start for me. Spending whole sunday to know MT4 better.
  • #442,094
  • May 15, 2011 3:56am May 15, 2011 3:56am
Quoting mpcato
Wonderful, marvelous, impressive trading records. They are an inspiration. That is why I am here and what I aspire to. Seeking out tips and advice from authentic winners in an ocean scam artists (not in this forum - I haven't been here long enough to make that charge)

Thank you for posting!
The pleasure is all mine
RichieEU
  • #442,095
  • May 15, 2011 5:12am May 15, 2011 5:12am
Nice trading Richie

Quoting RichieEU
The pleasure is all mine
Disclaimer: Check your 1m charts
  • #442,096
  • May 15, 2011 5:13am May 15, 2011 5:13am
Nigel Farage : The TRUTH About The Disastrous EURO Currency!

Excellent viewing

Inserted Video
Disclaimer: Check your 1m charts
  • #442,097
  • May 15, 2011 5:28am May 15, 2011 5:28am
Quoting pipper
Nice trading Richie
Thank You. I am trying to do my best.

All the best to You too!
RichieEU
  • #442,098
  • May 15, 2011 5:49am May 15, 2011 5:49am
World Collapse Explained in 3 Minutes


Inserted Video
Disclaimer: Check your 1m charts
  • #442,099
  • May 15, 2011 5:54am May 15, 2011 5:54am
Quoting apt
Nice post, I will probably be taking both longs and shorts just because I'm an intraday scalper.

I for one think though we will most likely test the ascending Monthly Trend line and go around 1.3500/1.3600.

Interesting to see what will happen during the coming weeks.
Im also trading intra, but you have a bigger chance of getting bigger moves if you trade with the trend in a higher timeframe on a smaller timeframe.
  • #442,100
  • May 15, 2011 6:12am May 15, 2011 6:12am
Quoting pipper
Nigel Farage : The TRUTH About The Disastrous EURO Currency!

Excellent viewing

http://www.youtube.com/watch?v=2Q1R35WXZLc
This video says it all, thank you my friend.
Minds are like parachutes, they only function when wide open (Thomas R. Dewar).
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