If skills could be acquired by watching, every dog would be a butcher. Turk
Cable Update (GBPUSD)
- #307,241
- Apr 10, 2012 3:07pm Apr 10, 2012 3:07pm
- Joined Apr 2011 | Status: Free Palestine.. | 1,567 Posts
- #307,242
- Apr 10, 2012 3:09pm Apr 10, 2012 3:09pm
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #307,243
- Apr 10, 2012 3:09pm Apr 10, 2012 3:09pm
I have a billion dollars I wish to pull out of Europe so you have billion $$$ which need to be convertrd to dollars 
Speaking seriously depends who owns that amount of money,because with such lump sum would be an idiot to invest into any market.Id buy land or invest into some sort of mining,as for gold it might reach higher but as it will go up demand for alternatives gonna arise and bubble collapse,because it will be too expensive to use it in electronics and all the gadgets.So its either setup digging company or buy land all over the place,as if worst will happen gold will be worth 0 in value for food or everyday items :]
Speaking seriously depends who owns that amount of money,because with such lump sum would be an idiot to invest into any market.Id buy land or invest into some sort of mining,as for gold it might reach higher but as it will go up demand for alternatives gonna arise and bubble collapse,because it will be too expensive to use it in electronics and all the gadgets.So its either setup digging company or buy land all over the place,as if worst will happen gold will be worth 0 in value for food or everyday items :]
- #307,244
- Apr 10, 2012 3:39pm Apr 10, 2012 3:39pm
- Joined Apr 2011 | Status: Free Palestine.. | 1,567 Posts
Higher Time Frame Momentum is up but
If skills could be acquired by watching, every dog would be a butcher. Turk
- #307,245
- Apr 10, 2012 3:46pm Apr 10, 2012 3:46pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
I have a billion dollars I wish to pull out of Europe so you have billion $$$ which need to be convertrd to dollars
Speaking seriously depends who owns that amount of money,because with such lump sum would be an idiot to invest into any market.Id buy land or invest into some sort of mining,as for gold it might reach higher but as it will go up demand for alternatives gonna arise and bubble collapse,because it will be too expensive to use it in electronics and all the gadgets.So its either setup digging company or buy land all over the...
I actually do have a billion dollars, would you like some? I have Nathan Tinkler on the phone right now
Come with me if you want to live....
- #307,246
- Apr 10, 2012 4:43pm Apr 10, 2012 4:43pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Higher Time Frame Momentum is up but
Come with me if you want to live....
- #307,247
- Apr 10, 2012 5:13pm Apr 10, 2012 5:13pm
- | Joined Mar 2010 | Status: The Honor is still Mine.. | 313 Posts
Even from an objective point of view (bull or bear), as yet, due to price action and support levels, on any timeframe 1 hr, 4 hr or daily, I am hardly convinced of this bearish move
I also have something in my head, I am not an economist, so please feel free to correct anything I say below (but be nice to me
Much of it is based on the video I posted the other day with other logic thrown in.
I have a billion dollars I wish to pull out of Europe, I need to put it somewhere right? The global economy is shit, so I am looking for safety...
untill Soros make his move, then I realize... we are doing something else in this forex world..but the impact to the real world are severe...
Now, for what I see.. looks like euro tryin to 'rob' the world and Pound are taking advantage of it... when it blend into the forex world , this is what happening.. A WAR... well, that is beyond your question.. anyway.. as a trader, I just following where the market goes.. up or down i dont care.. some say its going up.. so be it.. some say its going down.. so be it
- #307,249
- Apr 10, 2012 5:22pm Apr 10, 2012 5:22pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Nice topic u got there... in my opinion, I think u trying to compare what happening in the real world and 'The Forex World'... well, a few years ago I've thought a same thing like what u said... why this thing happened? this thing already going for bulls(in the real world), but when I buy/ long in the market(in the forex world) this thing goes bearish..why?..
untill Soros make his move, then I realize... we are doing something else in this forex world..but the impact to the real world are severe...
Now, for what I see.. looks like euro tryin...
Come with me if you want to live....
- #307,250
- Apr 10, 2012 5:53pm Apr 10, 2012 5:53pm
- | Joined Mar 2010 | Status: The Honor is still Mine.. | 313 Posts
I'm with you on that one, I don't actually care which way it goes, I just find swing points when they occur and take the move. I just see so many reasons pointed out as to why this should be tanking, Britain, no qE3, Europe, Elliot waves, the weekly 200sma (the slope of which currently looks like a hell ride at a Kamikazi theme park), yet the bullish resistance is still there, and I am curious why, so I go digging, thinking, thinking, digging as a kind of project of interest, it actually has no bearing on my trading as my system is semi auto, I...
.. going to swing in this choppy market.. I dont think so..
- #307,251
- Apr 10, 2012 6:04pm Apr 10, 2012 6:04pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
The War r already begun... so, for me Im going to fight it with infomation and espionage.. actually now in my opinion the bearish movement r already begun since 1.6060 last week... so for now I just wait whatever that bearish.. just my 2 cent.. who knows the market always trying to against me, so im just taking this bearish movement piece by
chop
Come with me if you want to live....
- #307,252
- Apr 10, 2012 6:08pm Apr 10, 2012 6:08pm
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
Oh man, my system
- #307,253
- Apr 10, 2012 6:10pm Apr 10, 2012 6:10pm
- | Joined Mar 2010 | Status: The Honor is still Mine.. | 313 Posts
Oh man, my system
- #307,254
- Apr 10, 2012 6:13pm Apr 10, 2012 6:13pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
shound't you be working
Come with me if you want to live....
- #307,255
- Apr 10, 2012 6:18pm Apr 10, 2012 6:18pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Come with me if you want to live....
- #307,256
- Apr 10, 2012 6:27pm Apr 10, 2012 6:27pm
- | Joined Mar 2010 | Status: The Honor is still Mine.. | 313 Posts
well im not trading right now.. there is no volume/volatility/whatever you callin it now in the cable... so its the right time to discuss 'bout a trade... for me... im on the sideline for now since 1.5800 pullback/ whatever u guys calling it... untill the wind direction changing back and in line wih my range.. then im pulling this bearish trigger off..
- #307,257
- Apr 10, 2012 7:04pm Apr 10, 2012 7:04pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
He he yeah I know, I'm hedged from over a week ago
By 80 in total on 2L's and 2S's that is the way I play system sometimes when not clear but have picked up 120 pips from 6027 then 5830ish, so in the black overall. I'll close 2 trades in profit when a strong reversal signal comes in then close the others on they way up/down. I only need 40 pip move to BE on the hedge. Got to go, client soon.
by by
Come with me if you want to live....
- #307,258
- Apr 10, 2012 7:24pm Apr 10, 2012 7:24pm
- Joined Apr 2011 | Status: Free Palestine.. | 1,567 Posts
Sorry, 5860ish
If skills could be acquired by watching, every dog would be a butcher. Turk
- #307,259
- Apr 10, 2012 7:44pm Apr 10, 2012 7:44pm
- Joined Apr 2011 | Status: Free Palestine.. | 1,567 Posts
If skills could be acquired by watching, every dog would be a butcher. Turk
- #307,260
- Apr 10, 2012 7:52pm Apr 10, 2012 7:52pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Come with me if you want to live....