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The Really Useless Thread

  • #88,641
  • May 16, 2012 4:24am May 16, 2012 4:24am
Quoting stewrigh
RR looks god atm and I think things will get a lot more volatile over the summer - unless of course the Euro muppets actually come up with a plan to save the world.
mid 20's is always a spring board, could trade up to 40 quick on a good break in the s&P's...
Look Sharp/Trade Tight
  • #88,642
  • May 16, 2012 4:26am May 16, 2012 4:26am
Quoting PayTheLimit
smaller size, tax and compliance reasons...but I'll tell ya what, just cause you have a screen, or you think you can get filled by hitting a button, if shit hits the fan, I dont think you can always count on getting out...
true ppl dont realize that...

thats why its good to peel off your profits when they get to a certain level...

shit ken had a problem closing a gold position deep in the money... bastards did not wan to pay him at first
  • #88,643
  • May 16, 2012 4:41am May 16, 2012 4:41am
Quoting sisse
Don't understand your point? Gold is traded as a commodity in dollars (like oil). Gold is taking a dive on risk and deflationary pressures via recession/economic slowdown. Euro is sold across the board for the same reasons.

Why and What makes you say that Euro is going up against gold? the differentials on the gold price in different currencies (if you need to do that ...but what for?) it just applying the exchange rate but the direction will be +/- the same...

sisse
This is the Gold Euro chart Gold has dropped 150Eu since March

Attached Image (click to enlarge)
Click to Enlarge Name: xaueur.jpg Size: 98 KB
  • #88,644
  • May 16, 2012 4:43am May 16, 2012 4:43am
Quoting fxjawn
true ppl dont realize that...

thats why its good to peel off your profits when they get to a certain level...

shit ken had a problem closing a gold position deep in the money... bastards did not wan to pay him at first
bastards never wanna pay..
Look Sharp/Trade Tight
  • #88,645
  • May 16, 2012 4:45am May 16, 2012 4:45am
bbl, gl, PTL..
Look Sharp/Trade Tight
  • #88,646
  • May 16, 2012 5:01am May 16, 2012 5:01am
Quoting stewrigh
This is the Gold Euro chart Gold has dropped 150Eu since March

Attachment
Sure mate. My point is that the differential is on the exchange rate not in the price of gold.


sisse
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDXAUEUR.png Size: 41 KB
Pending conversations? PM for a chat...I am mainly in OTM now
  • #88,647
  • May 16, 2012 5:06am May 16, 2012 5:06am
Quoting sisse
Sure mate. My point is that the differential is on the exchange rate not in the price of gold.


sisse
So when I look at the XAUEUR it's not a real market - just a depiction of the XAUUSD converted to euros - that clears up my confusion - thanks Sisse.

Told you I was a stupid dumbass lol.
  • #88,648
  • May 16, 2012 5:16am May 16, 2012 5:16am
Quoting stewrigh
So when I look at the XAUEUR it's not a real market - just a depiction of the XAUUSD converted to euros - that clears up my confusion - thanks Sisse.

Told you I was a stupid dumbass lol.
Well don' t say that. It gets tricky with all those instruments. In general for our our needs as traders (forex/dollar correlations), gold futures, which almost decide the "real" spot price, is the one to track. If you don't have it handy and for TA purposes, XAUUSD is more than enough.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #88,649
  • May 16, 2012 6:52am May 16, 2012 6:52am
h close above 2724 is probably st bullish
those who can, do. those who cant, talk about those who can
  • #88,650
  • May 16, 2012 6:55am May 16, 2012 6:55am
my monthly 10 year chart shows we just bounced off the LTL
  • #88,651
  • May 16, 2012 6:59am May 16, 2012 6:59am
Quoting gatorinla
h close above 2724 is probably st bullish
west is working out sl @g
  • #88,652
  • May 16, 2012 7:02am May 16, 2012 7:02am
Quoting needpips
my monthly 10 year chart shows we just bounced off the LTL

i like this too on high TF's unless we have some more bad news from greece
Attached Image (click to enlarge)
Click to Enlarge Name: 1weur.gif Size: 40 KB
  • #88,653
  • May 16, 2012 7:06am May 16, 2012 7:06am
Quoting stewrigh
You been listening to the Bernanke??? lol
nope.. not the news channels either with a gold commercial.. i value lead more then gold. other then jewelry and some electronics. gold value is a myth. it became valuable in ancient times for decoration. because its boiling point and easy to shape. Spain with a few hundred swords captured a continent. today's lead is yesterdays sword. with lead, i can take all your gold. the guys on tv selling the stuff will take your credit card #.. they are telling you paper is worthless, and in the next sentence. they want your paper for their gold. if its so valuable, why are they selling it.
those who can, do. those who cant, talk about those who can
  • #88,654
  • May 16, 2012 7:06am May 16, 2012 7:06am
Quoting kill56
i like this too on high TF's unless we have some more bad news from greece

I know its seems unlikely, but a bull run from here?
  • #88,655
  • May 16, 2012 7:07am May 16, 2012 7:07am
Quoting gatorinla
nope.. not the news channels either with a gold commercial.. i value lead more then gold. other then jewelry and some electronics. gold value is a myth. it became valuable in ancient times for decoration. because it boiling point and easy to shape. Spain with a few hundred swords captured a continent. today's lead is yesterdays sword. with lead, i can take all your gold. the guys on tv selling the stuff will take your credit card #.. they are telling you paper is worthless, and in the next sentence. they want your paper for their gold. of its so...
AGREED.... I sold mine when we approached $1500 an ounce....I too bought lead....Id say MRE's will still be more valuable
  • #88,656
  • May 16, 2012 7:13am May 16, 2012 7:13am
Quoting gatorinla
nope.. not the news channels either with a gold commercial.. i value lead more then gold. other then jewelry and some electronics. gold value is a myth. it became valuable in ancient times for decoration. because its boiling point and easy to shape. Spain with a few hundred swords captured a continent. today's lead is yesterdays sword. with lead, i can take all your gold. the guys on tv selling the stuff will take your credit card #.. they are telling you paper is worthless, and in the next sentence. they want your paper for their gold. if its so...

good shitt bro its like give u in the left hand and take it from right dam they are taken what in both
  • #88,657
  • May 16, 2012 7:14am May 16, 2012 7:14am
Quoting needpips
I know its seems unlikely, but a bull run from here?
a bull crawl has some probability.
  • #88,658
  • May 16, 2012 7:15am May 16, 2012 7:15am
cleared some
  • #88,659
  • May 16, 2012 7:16am May 16, 2012 7:16am
Quoting Mr Hatch
a bull crawl has some probability.
If this is a mid term bttom....3540 is a real target.....+/-800 pips up from here....hmmmmmm
  • #88,660
  • May 16, 2012 7:17am May 16, 2012 7:17am
Quoting kill56
cleared some
some what
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