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  • #582,201
  • Jan 10, 2012 2:09pm Jan 10, 2012 2:09pm
Quoting pzarker
on M5 looks like we could be starting to form the second shoulder of a HnS...
pretty flat h&s, was a doc posted end of last year in this thread on how h&s dont work some people did some research into it
  • #582,202
  • Jan 10, 2012 2:10pm Jan 10, 2012 2:10pm
Quoting amit6408
Is the time to buy EUR/USD or XAU/USD? I want to invest money for long term investment like 3-4 months.
Please advise me.
Very valid question of someone looking for advice and as such it deserves a straight answer:
In my opinion it is not yet the time to buy EU. look at a weekly/monthly chart and see the downward channel we are in. I don't trade gold and on this basis don't want to answer that.

The variety of answers will tell you that the question has some flaws.
- if you want to invest you should look for qualified advise of someone you trust.
- the way you ask implies that you are not in a position to take an informed decision of how to invest your money
- the responses you will get here will like this one of good intention but mainly be incomplete in advising you at a sufficient enough level. you seriously risk to lose money
- buy or sell as such is not a sufficient answer, as other people posted you need a proper moneymanagement with your trade
- why did you ask to buy, why not sell -
- why these two pairs, and not CHF or AUD or JPY
- 3-4 months is not necessarily defined as long term investment

Some brokers offer managed accounts, you might want to look into that if you are up to lay your fortune in someone elses hand.

hope this helps
  • #582,203
  • Jan 10, 2012 2:16pm Jan 10, 2012 2:16pm
Quoting SlyQsx
Hi...
Do you see the SP500 is the strong resistance?
Hi ,

i think cloud upper limit and fibo 76.2 strong resistance

Attached Image (click to enlarge)
Click to Enlarge Name: sp500.gif Size: 31 KB
  • #582,204
  • Jan 10, 2012 2:43pm Jan 10, 2012 2:43pm
Quoting orcunsumer
Hi ,

i think cloud upper limit and fibo 76.2 strong resistance

Attachment
...because I think the EURUSD has limited highs...
  • #582,205
  • Jan 10, 2012 2:45pm Jan 10, 2012 2:45pm
Quoting amit6408
Is the time to buy EUR/USD or XAU/USD? I want to invest money for long term investment like 3-4 months.
Please advise me.
Not sure of your experience level so forgive me for the disclaimer:

That said:

Risk is not such a bad thing but recognize that you will more than likely lose in these markets.

Most people do.



play only a small portion of your money at a time and LEARN what these markets are like before you bet the whole farm thinking you will make a quick (or slow) buck.

XAU is very volatile and will take your money quick. I wouldnt touch it without experience.

Other traders like myself and others on this board, will just take your money and run.

You must pay your tuition first.

If you can accept my disclaimer, then I say LONG EUR!....for the moment
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 15b.gif Size: 24 KB
  • #582,206
  • Jan 10, 2012 2:51pm Jan 10, 2012 2:51pm
Looks like we are stuck in a channel trade for a while before we get some direction.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 15b.gif Size: 25 KB
  • #582,207
  • Jan 10, 2012 2:57pm Jan 10, 2012 2:57pm
WSJ: EU Leaders To Decide On EUR30B Payout For Greek Collateral On Jan 30 - EU Official

WSJ: EU Official Says Greece Probably Will Need More Money Than Agreed In Oct

*Greece, EU Prepared To Drop Voluntary Restructuring Procedure - Sources

Look for downward pressure if this is true.
  • #582,208
  • Jan 10, 2012 3:00pm Jan 10, 2012 3:00pm
Quoting todstars2
Looks like we are stuck in a channel trade for a while before we get some direction.
That is where you are wrong - we have direction you just don't see it.
The Dove - Forex Trainer
  • #582,209
  • Jan 10, 2012 3:03pm Jan 10, 2012 3:03pm
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: buynow2.gif Size: 28 KB
  • #582,210
  • Jan 10, 2012 3:06pm Jan 10, 2012 3:06pm
Quoting SlyQsx
...because I think the EURUSD has limited highs...
I think so .
  • #582,211
  • Jan 10, 2012 3:16pm Jan 10, 2012 3:16pm
Quoting dove_alliance
That is where you are wrong - we have direction you just don't see it.
I see you are prescient?

Your prognostication is about as good as anyone else's here or elsewhere, but since you offered that you know the direction of this ever changing market....

Please enlighten the board rather than leaving us all hanging.

I'm sure there a few who would love to take the other side ;-)

LoL!
  • #582,212
  • Jan 10, 2012 3:17pm Jan 10, 2012 3:17pm
Quoting todstars2
I see you are prescient?

Your prognostication is about as good as anyone else's here or elsewhere, but since you offered....

Please enlighten the board rather than leaving us all hanging.

LoL!
I already told everyone where I made my entry and my target for the time being is the 2600.
The Dove - Forex Trainer
  • #582,213
  • Jan 10, 2012 3:19pm Jan 10, 2012 3:19pm
Quoting dove_alliance
That is where you are wrong - we have direction you just don't see it.
Kindly tell me what is that direction >>?
Human
  • #582,214
  • Jan 10, 2012 3:19pm Jan 10, 2012 3:19pm
Quoting dove_alliance
I already told everyone where I made my entry and my target for the time being is the 2600.
Bismillah
  • #582,215
  • Jan 10, 2012 3:20pm Jan 10, 2012 3:20pm
Quoting todstars2
Looks like we are stuck in a channel trade for a while before we get some direction.
breaking lower should puh euro to test lower again..
Bismillah
  • #582,216
  • Jan 10, 2012 3:22pm Jan 10, 2012 3:22pm
Quoting pzarker
WSJ: EU Leaders To Decide On EUR30B Payout For Greek Collateral On Jan 30 - EU Official

WSJ: EU Official Says Greece Probably Will Need More Money Than Agreed In Oct

*Greece, EU Prepared To Drop Voluntary Restructuring Procedure - Sources

Look for downward pressure if this is true.

sure.....the baoilout fund is not big enough for the greece....!!
Bismillah
  • #582,217
  • Jan 10, 2012 3:22pm Jan 10, 2012 3:22pm
Quoting Chanya
Kindly tell me what is that direction >>?
short.
The Dove - Forex Trainer
  • #582,218
  • Jan 10, 2012 3:23pm Jan 10, 2012 3:23pm
well, the euro has broken the tl created yesterday

its very likely now that we see first 1.2750 and then also 1.2730
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 211 KB
Pecunia non olet
  • #582,219
  • Jan 10, 2012 3:24pm Jan 10, 2012 3:24pm
Quoting dove_alliance
I already told everyone where I made my entry and my target for the time being is the 2600.
Ill take the other side of that.

Long term...for the moment

"The trend is the trend until its no longer the trend"

Judging from what I read on your profile you should know that.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 15b.gif Size: 25 KB
  • #582,220
  • Jan 10, 2012 3:25pm Jan 10, 2012 3:25pm
Still selling

http://ignat.pro/wp-content/uploads/2012/01/1113.png
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