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  • #552,761
  • Oct 21, 2011 6:16am Oct 21, 2011 6:16am
Quoting micho
finally im in fucking green again, market today is sucks1W!@W!@E!@

2 longs on EURGPB at at 54 and 56 targets 75 and 89

am i going to get it or what!
first closed +37 second sl at be at 1.3754, do not fail me this time!!!!! go baby go
When life gives you lemons, make lemonade
  • #552,762
  • Oct 21, 2011 6:16am Oct 21, 2011 6:16am
Quoting forexings
Markozy supporting euro. Let's see how they can weigh weekly bear pressure.
Next week will be crucial for both parties.

EFSF failure means euro crash.

H4, D1 neutral
H1 in range
Weekly bear not so good position.
Monthly doesn't matter but it's a bit positive.
A fair assessment, but a euro crash, well, you'd be a fool to rule it out, but the way of least resistance for me, on purely technical terms, is up.
  • #552,763
  • Oct 21, 2011 6:17am Oct 21, 2011 6:17am
breakout? yes? no? maybe?!!!
When life gives you lemons, make lemonade
  • #552,764
  • Oct 21, 2011 6:18am Oct 21, 2011 6:18am
Quoting micho
finally im in fucking green again, market today is sucks1W!@W!@E!@

2 longs on EURGPB at at 54 and 56 targets 75 and 89

am i going to get it or what!
Right on micho, i managed to sneak in 2 dax positions on the squeeze,
and after that hit on the daily high i checked the EuroUsd, and they got some stops to the downside and were not correlated for a minute, so i got one in there too, and boom it took off. London Lunch squeeze, positive Futures pointing up, let's see if she can hold it.
  • #552,765
  • Oct 21, 2011 6:19am Oct 21, 2011 6:19am
Quoting ThisPip
Right on micho, i managed to sneak in 2 dax positions on the squeeze,
and after that hit on the daily high i checked the EuroUsd, and they got some stops to the downside and were not correlated for a minute, so i got one in there too, and boom it took off. London Lunch squeeze, positive Futures pointing up, let's see if she can hold it.
nice lets hope it continues at least to tp2 at 89 (EURGPB)
When life gives you lemons, make lemonade
  • #552,766
  • Oct 21, 2011 6:22am Oct 21, 2011 6:22am
lovely got it +69... im out
When life gives you lemons, make lemonade
  • #552,767
  • Oct 21, 2011 6:22am Oct 21, 2011 6:22am
Long 1.3780 SL 1.3748 TP 1.3840
  • #552,768
  • Oct 21, 2011 6:25am Oct 21, 2011 6:25am
Quoting cat
but a euro crash, well, you'd be a fool to rule it out.
Did you hear Noda's comment on EFSF? He suggested EU to learn from Japan.
All of EU nations put a big hope in EFSF. Its failure may divide eurozone.
If German fall eurozone will fall, France not in good position.

Check out my last full comment.
You cannot learn better without losing
  • #552,769
  • Oct 21, 2011 6:28am Oct 21, 2011 6:28am
lovely day so far... not perfect but good
When life gives you lemons, make lemonade
  • #552,770
  • Oct 21, 2011 6:31am Oct 21, 2011 6:31am
Massive drop in USD/CAD... could provide a boast to EURO
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  • #552,771
  • Oct 21, 2011 6:32am Oct 21, 2011 6:32am
do not long the EUR from here it does not look good anymore!!!!!! wait for more strength otherwise leave it its dead
When life gives you lemons, make lemonade
  • #552,772
  • Oct 21, 2011 6:33am Oct 21, 2011 6:33am
We have new daily highs in many indexes including dax.
This could be very well the long breakout some are waiting for.
  • #552,773
  • Oct 21, 2011 6:33am Oct 21, 2011 6:33am
Quoting ultra_knight
Massive drop in USD/CAD... could provide a boast to EURO
i was expecting this in the morning but was not in my setup
looks nice
When life gives you lemons, make lemonade
  • #552,774
  • Oct 21, 2011 6:35am Oct 21, 2011 6:35am
Quoting Gamaa
Long 1.3780 SL 1.3748 TP 1.3840
I will move ST to BE. I think there is a room for upside to 1.3860 if bulls over come bears.
  • #552,775
  • Oct 21, 2011 6:36am Oct 21, 2011 6:36am
Quoting forexings
Answer in your comment:

Not only US and EU but the world economy uncertainty will push this metal higher.

Try to understand: you can print paper currencies but you can't generate gold. Suppose we have $1500 for 1 ounce Gold. If you print $100 more paper currency you have to collect same amount of gold otherwise 1 ounce gold price will be $1600.


Gold was a valuable metal for ancient kings, did they eat gold?
Gold remain in top position even after invention of paper currency.
Answer me if you eat paper currency.

Simple matter to understand.
Gold was valuable for ancient kings because it was their currency. There was no paper, currency: coins, nuggets etc were MADE of gold which in turn gave it value.

Now gold no longer gives value to currency, currency gives value to gold.
  • #552,776
  • Oct 21, 2011 6:42am Oct 21, 2011 6:42am
Quoting micho
do not long the EUR from here it does not look good anymore!!!!!! wait for more strength otherwise leave it its dead
true...

I think its best to stay out here and watch from sidelines...
  • #552,777
  • Oct 21, 2011 6:42am Oct 21, 2011 6:42am
grrrrrrrrrrr. internet came back failure of net service ,, good I had SL, omg
" Accepting losses is the most important single investment devise "
  • #552,778
  • Oct 21, 2011 6:47am Oct 21, 2011 6:47am
Quoting Nik655
Gold was valuable for ancient kings because it was their currency. There was no paper, currency: coins, nuggets etc were MADE of gold which in turn gave it value.

Now gold no longer gives value to currency, currency gives value to gold.
end of the day it come to demand and supply . demand increasing and supply reducing.

china (world largest gold producer) gold import grown from 0 to 209MT (2009 45 MT) . central banks still holding and increasing gold reserve
Mohan
  • #552,779
  • Oct 21, 2011 6:49am Oct 21, 2011 6:49am
Quoting forexings
Did you hear Noda's comment on EFSF? He suggested EU to learn from Japan.
All of EU nations put a big hope in EFSF. Its failure may divide eurozone.
If German fall eurozone will fall, France not in good position.

Check out my last full comment.
All of that is possible of course, but to be honest with you, I avoid speculating on what may or may not happen. If the euro collapses due to EFSF failure, then I will either catch it or I won't depending upon whether I have clear signals to sell. I stay well clear of knee jerk reactions, no matter how big they may be, putting 100% faith in my charts, because in that, I have an elememt of control, but I am a tadpole in a stormy sea as far as the macro economy is concerned.
  • #552,780
  • Oct 21, 2011 6:53am Oct 21, 2011 6:53am
Quoting mohan76
end of the day it come to demand and supply . demand increasing and supply reducing.

china (world largest consumer) gold import grown from 0 to 209 (2009 45 MT) . central banks still holding and increasing gold reserve

Definitely , but thats all short and med term. Lets not forget about the HUGE gold deposit not too far under the earth's surface, once we get to that its bye bye high gold prices.
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