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  • #502,861
  • Jul 28, 2011 7:27pm Jul 28, 2011 7:27pm
im just trying to get 4300 for 20 pips
  • #502,862
  • Jul 28, 2011 7:27pm Jul 28, 2011 7:27pm
I know that there will be many fault in my analysis... I am still a novice in Naked trading... Please tell me if anything wrong...
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Markets can remain irrational longer than you can remain solvent.
  • #502,863
  • Jul 28, 2011 7:31pm Jul 28, 2011 7:31pm
Quoting motiurbd
I know that there will be many fault in my analysis... I am still a novice in Naked trading... Please tell me if anything wrong...
Looks good to me cept I see a HS pattern in there that isnt labeled.
  • #502,864
  • Jul 28, 2011 7:34pm Jul 28, 2011 7:34pm
Quoting motiurbd
I know that there will be many fault in my analysis... I am still a novice in Naked trading... Please tell me if anything wrong...
Why does your fib start at 3971?
  • #502,865
  • Jul 28, 2011 7:37pm Jul 28, 2011 7:37pm
Quoting PipChick
Why does your fib start at 3971?
This is why... I fibbed on daily timeframe...
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Markets can remain irrational longer than you can remain solvent.
  • #502,866
  • Jul 28, 2011 7:40pm Jul 28, 2011 7:40pm
Quoting Cypher
course it has it also breached the debt celing limit over 20 times in the past if not more

No. Wrong. The US has never defaulted on its debt obligations. Research your history.
  • #502,867
  • Jul 28, 2011 7:42pm Jul 28, 2011 7:42pm
Quoting CUtiger95
Gator the bonds if I am not mistaken actually stated the repayment would be in gold if so chosen. That clause in my opinion would have protected the bondholders from getting a lesser amount of money. However Roosevelt and congress did move the gold standard on what the dollar effectively represented. So in my opinion that would be a default on the debts due. However the words on the bonds were ambiguous I believe and effectively left the holders with gold paid not at the rate the bonds were obtained at but at the rate congress had changed too....
i see your point.
i guess its in the small print. X amount of usd worth in gold.
if it had been worded x ounces of gold. then they were screwed.
but since the u.s. government had the right to set its value. at the time the world was devaluing (Europe). this was screwing the u.s. then buyer beware. this is nothing new. it has happens each time the fed devalues the usd today. we dont consider this a default. if so then China and all Asia is in default as i write, England also
those who can, do. those who cant, talk about those who can
  • #502,868
  • Jul 28, 2011 7:43pm Jul 28, 2011 7:43pm
DubaiFX could be right... this is going down
I did SELL on 326, now... 311... trend looks bearish too.
My target 280.
Don't look at me I am lost too
  • #502,869
  • Jul 28, 2011 7:43pm Jul 28, 2011 7:43pm
Quoting motiurbd
This is why... I fibbed on daily timeframe...
Makes sense
  • #502,870
  • Jul 28, 2011 7:49pm Jul 28, 2011 7:49pm
The markets here in Sydney seem to be shrugging off some of the angst of the US default situation. Equities are broadly up.


H1 chart shows a retest of trend extremes being setup. Should be good for a few quid.


***

A man walks into a bar, gets a whiskey and downs it in one shot. Then to the astonishment of the bartender he starts sobbing.

Bartender - 'what is wrong? Why are you crying?'
Man - 'I had it all. A beautiful woman, lots of money and a huge house. And I have lost it all'
Bartender - 'What happened?'
Man - 'my wife found out'
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We're all stories in the end. Just try to make it a good one.
  • #502,871
  • Jul 28, 2011 7:53pm Jul 28, 2011 7:53pm
Could someone in US with cable check CSPAN and see if the Senate is still in session? Reid said he was going to keep in session until 8:30 to give the House some more time to try to get the votes to pass their bill. I can't find it on line, and don't have cable right here...
  • #502,872
  • Jul 28, 2011 7:55pm Jul 28, 2011 7:55pm
Quoting Traderji
The markets here.....
Trader, would you mind sharing what's that yellow line in your chart.
http://www.forexfactory.com/attachme...1&d=1311900549
The Thief of Wall Street
  • #502,873
  • Jul 28, 2011 7:58pm Jul 28, 2011 7:58pm
Quoting Chicky
Trader, would you mind sharing what's that yellow line in your chart.
http://www.forexfactory.com/attachme...1&d=1311900549
Looks to be an ema, almost for sure. It's flat when the price crosses it.
  • #502,874
  • Jul 28, 2011 7:59pm Jul 28, 2011 7:59pm
Quoting Chicky
Trader, would you mind sharing what's that yellow line in your chart.
http://www.forexfactory.com/attachme...1&d=1311900549
im not trader, but that is a moving average. looks like a 200 day cycle average.
  • #502,875
  • Jul 28, 2011 8:01pm Jul 28, 2011 8:01pm
Quoting OldQuant
Looks to be an ema, almost for sure. It's flat when the price crosses it.
not yet
those who can, do. those who cant, talk about those who can
  • #502,876
  • Jul 28, 2011 8:03pm Jul 28, 2011 8:03pm
long entry: .4310
S/L: 4300
T/P: .4330

reason: the leg down has lost its steam on 5m and low r/r
  • #502,877
  • Jul 28, 2011 8:03pm Jul 28, 2011 8:03pm
Quoting gatorinla
i see your point.
i guess its in the small print.
Definitely in the small print, the supreme court however upheld the governments decision although I don't think you would find a sane person to do so...

In todays time there is chicken going on between governments. Nobody really wants to own the gold standard currency. If you do you are going to be screwed in the long term. As citizens its nice to be able to go on the cheap. However its difficult to maintain your manufacturing base and advantage over currencies that have lesser value.

Oh well back to trading for me or at least hoping to trade. Little leery tonight so I may just sit it out.
  • #502,878
  • Jul 28, 2011 8:03pm Jul 28, 2011 8:03pm
Quoting gatorinla
not yet
Tnx. Beginning to look like they don't have the votes. Can only lose 24, 21 already on record as no.
  • #502,879
  • Jul 28, 2011 8:04pm Jul 28, 2011 8:04pm
Pipchick, How ya been?? long time! I don't come into this thread much - so I may have missed your posts. Hope you're well.


Quoting PipChick
Makes sense
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #502,880
  • Jul 28, 2011 8:08pm Jul 28, 2011 8:08pm
Quoting teemo
Pipchick, How ya been?? long time! I don't come into this thread much - so I may have missed your posts. Hope you're well.
http://www.discussanything.com/forum...es/leghump.gif
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