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  • #647,921
  • May 25, 2012 11:22am May 25, 2012 11:22am
Quoting Fib
The Gold has break the triangle pattern and it will continue to move upside , I think it's a sign that the EUR/USD will retrace to 1.29 next week ...
Agreed
  • #647,922
  • May 25, 2012 11:25am May 25, 2012 11:25am
  •  alsi
  • | Joined Mar 2012 | Status: The chart is the footprint of money | 40 Posts
neither freak wave nor a tsunami........... just paint drying !!!!!!!
  • #647,923
  • May 25, 2012 11:43am May 25, 2012 11:43am
Quoting Fib
The Gold has break the triangle pattern and it will continue to move upside , I think it's a sign that the EUR/USD will retrace to 1.29 next week ...
Pardon my Noobishness. Is there a positive correlation between gold and the Eur?

From my perspective the way I saw gold was a defensive investment, meaning if there is a lack of confidence in a major currency you would short that currency and go long on a stronger one or if you have no confidence at all or want to place a hedge you would go long on gold.

Thanks!
"Trading: the hardest easy money you're going to earn." -Mark Douglas.
  • #647,924
  • May 25, 2012 11:46am May 25, 2012 11:46am
no rouge wave I see on a Fri
  • #647,925
  • May 25, 2012 11:53am May 25, 2012 11:53am
Quoting Fly2
no rouge wave I see on a Fri
Its too early....check back in 1 hr
  • #647,926
  • May 25, 2012 11:58am May 25, 2012 11:58am
Quoting Fib
The Gold has break the triangle pattern and it will continue to move upside , I think it's a sign that the EUR/USD will retrace to 1.29 next week ...
Nop, not going to happen. 1.25 was finally broken, tuesday 1.242/4.
  • #647,927
  • May 25, 2012 11:59am May 25, 2012 11:59am
Quoting almo
While I admit its pretty slow - just be patient. My gut is telling me at the NY close, this is going to move in one direction or the other, and hard.
almo, do you know if there is anything schedule for Greece next week. I heard they will receive extra liquidity by Monday for their bank.
Alternatives are more important than the plan itself
  • #647,928
  • May 25, 2012 12:00pm May 25, 2012 12:00pm
Quoting Kamui
Pardon my Noobishness. Is there a positive correlation between gold and the Eur?

From my perspective the way I saw gold was a defensive investment, meaning if there is a lack of confidence in a major currency you would short that currency and go long on a stronger one or if you have no confidence at all or want to place a hedge you would go long on gold.

Thanks!
Rising Gold vs USD means USD weakness. That's all.
  • #647,929
  • May 25, 2012 12:06pm May 25, 2012 12:06pm
Quoting -Melo-
almo, do you know if there is anything schedule for Greece next week. I heard they will receive extra liquidity by Monday for their bank.
No....I pretty much keep away from the news while I trade. Price tells the story , if you know what I mean.
  • #647,930
  • May 25, 2012 12:17pm May 25, 2012 12:17pm
  •  Fib
  • | Joined May 2012 | Status: Dinapoli+Fibonacci=Upper Hand | 58 Posts
As #publicjud Said if the USD is stronger the Gold fallen , And if the Euro will rise it means the USD is getting weaker and that's mean the Gold will rise .

About the Eur , My trading method is based on DiNapoli ( Fib levels and MACD and others) That's it .
And the euro has touched very strong res on weekly (For more info you can see the weekly analysis by Sive Morten on ForexPeaceArmy) and it should retrace and the nearest strong res and 1.29 .


Quoting Kamui
Pardon my Noobishness. Is there a positive correlation between gold and the Eur?

From my perspective the way I saw gold was a defensive investment, meaning if there is a lack of confidence in a major currency you would short that currency and go long on a stronger one or if you have no confidence at all or want to place a hedge you would go long on gold.

Thanks!
  • #647,931
  • May 25, 2012 12:19pm May 25, 2012 12:19pm
Quoting Fib
As #publicjud Said if the USD is stronger the Gold fallen , And if the Euro will rise it means the USD is getting weaker and that's mean the Gold will rise .

About the Eur , My trading method is based on DiNapoli ( Fib levels and MACD and others) That's it .
And the euro has touched very strong res on weekly (For more info you can see the weekly analysis by Sive Morten on ForexPeaceArmy) and it should retrace and the nearest strong res and 1.29 .
How about a chart?

I haven't ever seen a DiNapoli fib user .....most everyone I encounter are just using Fibs.
  • #647,932
  • May 25, 2012 12:21pm May 25, 2012 12:21pm
Something has to give... one leg lower to break this support and the horizon is clear.
  • #647,933
  • May 25, 2012 12:28pm May 25, 2012 12:28pm
  •  Fib
  • | Joined May 2012 | Status: Dinapoli+Fibonacci=Upper Hand | 58 Posts
I can add charts , But I trade only Gold ATM and this is EURUSD thread .

Quoting almo
How about a chart?

I haven't ever seen a DiNapoli fib user .....most everyone I encounter are just using Fibs.
  • #647,934
  • May 25, 2012 12:33pm May 25, 2012 12:33pm
Quoting Fib
I can add charts , But I trade only Gold ATM and this is EURUSD thread .
its dead in this thread today...feel free to add the Gold chart with your DiNapoli levels. I generally consider late Friday to be time better spent on education anyway
  • #647,935
  • May 25, 2012 1:45pm May 25, 2012 1:45pm
Quoting Fib
The Gold has break the triangle pattern and it will continue to move upside , I think it's a sign that the EUR/USD will retrace to 1.29 next week ...
*L*
those who can, do. those who cant, talk about those who can
  • #647,936
  • May 25, 2012 1:46pm May 25, 2012 1:46pm
Do I have this right. So theoretically if the dollar strengthens (i.e. dollar index, etc.) then, accordingly, gold and silver should fall? Is that right?
  • #647,937
  • May 25, 2012 2:05pm May 25, 2012 2:05pm
!
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Founder of Sutherland Wave Principle
  • #647,938
  • May 25, 2012 2:10pm May 25, 2012 2:10pm
I was waiting for a close below 1.2500. Oh well.
  • #647,939
  • May 25, 2012 2:12pm May 25, 2012 2:12pm
Closed all my entry on EUR/USD. Pocket in a small amount of $881.50.

As I do not like to carry over the weekend.
  • #647,940
  • May 25, 2012 2:38pm May 25, 2012 2:38pm
  •  Fib
  • | Joined May 2012 | Status: Dinapoli+Fibonacci=Upper Hand | 58 Posts
Yes , You're correct ..

Quoting quidproquo
Do I have this right. So theoretically if the dollar strengthens (i.e. dollar index, etc.) then, accordingly, gold and silver should fall? Is that right?
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