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  • #650,701
  • Jun 1, 2012 10:27am Jun 1, 2012 10:27am
  •  Fib
  • | Joined May 2012 | Status: Dinapoli+Fibonacci=Upper Hand | 58 Posts
I'm with your side, And here is my chart

http://s13.postimage.org/zax7wu0dz/gold1.png

http://s13.postimage.org/97puh4nlj/gold2.png

My first target on the 38.2 on H1 ...



Quoting mikeylp
And it's great, now short from 1611 with tp 1587 and then whatever support and candles will show us
Other Pairs, EU including, not enough signs for short, waiting for my patterns to compete

http://i47.tinypic.com/20tmj47.png
  • #650,702
  • Jun 1, 2012 10:28am Jun 1, 2012 10:28am
Quoting Fib
I'm with your side, And here is my chart

http://s13.postimage.org/zax7wu0dz/gold1.png

http://s13.postimage.org/97puh4nlj/gold2.png

My first target on the 38.2 on H1 ...
I'm with you, hehe.
  • #650,703
  • Jun 1, 2012 10:29am Jun 1, 2012 10:29am
Quoting supertubes
Berlusconi says Italy must quit euro unless ECB prints money


01 June 2012 15:53

By James Mackenzie
ROME, June 1 (Reuters) – Italy should leave the euro unless the European Central Bank agrees to pump more cash into the economy and guarantee government debts, former Prime Minister Silvio Berlusconi said on Friday.
"We have to go to Europe and say forcefully that the ECB should start printing money," Berlusconi said in an entry on...
This will end up in massive inflation eventually
Have a read at zerohedge - pretty scary - acording to author we have about six months and then....well nobody know what will happen enjoy.

http://www.zerohedge.com/news/big-re...sentation-ever
swing it!
  • #650,704
  • Jun 1, 2012 10:32am Jun 1, 2012 10:32am
cheers all...
EU long at 8pips Range

Though My TP as is ilustrated but it's dynamic as it is moment trades.

http://i49.tinypic.com/30vnmz7.png
  • #650,705
  • Jun 1, 2012 10:37am Jun 1, 2012 10:37am
Quoting mikeylp
cheers all...
EU long at 8pips Range

Though My TP as is ilustrated but it's dynamic as it is moment trades.
Mikey mate I assume this is H4??? clear dark cloud cover forming, be carefull sentiment -> candles -> levels -> OSCILATORS never in the different order
Good luck!
swing it!
  • #650,706
  • Jun 1, 2012 10:39am Jun 1, 2012 10:39am
Quoting Esssex
What do you think of the status across all asset classes? Bond yields are all down regardless of risk status, equities are down and this mix up seems to be reflecting on EUR/USD.
At the moment intraday low or almost:

- equities (room to go up)
- oil (room to go up)

Up:

- bunds (have room to come down)
- t-notes (have room to come down)

Looks good to long here while eur/usd still having support at mid point of daily.
They think they are smarter than I am.
  • #650,707
  • Jun 1, 2012 10:43am Jun 1, 2012 10:43am
Quoting tomspin
This will end up in massive inflation eventually
Have a read at zerohedge - pretty scary - acording to author we have about six months and then....well nobody know what will happen enjoy.

http://www.zerohedge.com/news/big-re...sentation-ever
Thanks for that very interesting reading
  • #650,708
  • Jun 1, 2012 10:46am Jun 1, 2012 10:46am
Quoting tomspin
Mikey mate I assume this is H4??? clear dark cloud cover forming, be carefull sentiment -> candles -> levels -> OSCILATORS never in the different order
Good luck!
No it's 8pips range - it's not a time frame, it's a range frame, new bar when it forms 8pips move.
  • #650,709
  • Jun 1, 2012 10:48am Jun 1, 2012 10:48am
Whoever trade the UJ, there is a good opportunity, for me TP1 is a must target and the SL just below .886 fib

http://i49.tinypic.com/2m0as3.png
  • #650,710
  • Jun 1, 2012 10:52am Jun 1, 2012 10:52am
Quoting tomspin
Mikey mate I assume this is H4??? clear dark cloud cover forming, be carefull sentiment -> candles -> levels -> OSCILATORS never in the different order
Good luck!
The range is still in its move
- I use RSI - 7 just to catch the over bought/sold and MACD to confirm it.
I do not do my trades based on OSCILATORS, just to confirm divergence.
(I built a script for these range trades, it plays me asound whenever a new bar is created)

http://i49.tinypic.com/30kbvpt.png
  • #650,711
  • Jun 1, 2012 11:00am Jun 1, 2012 11:00am
Closed my 3 long positions, +140 pips
  • #650,712
  • Jun 1, 2012 11:09am Jun 1, 2012 11:09am
Will be sold down to test 1.24 as support this hour so not much activity i guess but next hour may be some push for 1.2450/60 or above.

I am out for weekend.
They think they are smarter than I am.
  • #650,713
  • Edited 1:40pm Jun 1, 2012 11:10am | Edited 1:40pm
Looking to close at 245/6
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd5.jpg Size: 126 KB
  • #650,714
  • Jun 1, 2012 11:10am Jun 1, 2012 11:10am
EU - 8pips range
possible outcome for ABCD pattern (AB=CD, AB-Fib-61.8 = BC)

http://i49.tinypic.com/jfvxqp.png
  • #650,715
  • Edited 11:24am Jun 1, 2012 11:17am | Edited 11:24am
Quoting Z3iz3i
Will be sold down to test 1.24 as support this hour so not much activity i guess but next hour may be some push for 1.2450/60 or above.

I am out for weekend.
You have a nice saying regarding the FEAR, but it is true until we learn to accept the unknown for any given moment and trust the system (whatever we learnt), accept the loses without fear and hesitations, then we are fearless, though in the market but the rest is still under our inner tests.
  • #650,716
  • Jun 1, 2012 11:28am Jun 1, 2012 11:28am
M15 a Evening Star at R1 so we may sell it now untill pa
  • #650,717
  • Jun 1, 2012 11:29am Jun 1, 2012 11:29am
Quoting tomspin
This will end up in massive inflation eventually
Have a read at zerohedge - pretty scary - acording to author we have about six months and then....well nobody know what will happen enjoy.

http://www.zerohedge.com/news/big-re...sentation-ever

Ya know... as much as I like zero hedge from time to time... Tyler is just a bit too cynical and devoutly bearish for I think any real, useful, trade-able information.

Not that he claims to be... but he reminds me of a modern era "hip" gold bug.

Gold bugs have been at it since the 70's, if not many decades earlier, that gold will go to thousands of dollars an ounce, the paper money of the world is going to be worthless. hyperinflation will destroy captialism, and that only the insane would NOT own gold.

And, i guess they got the part right about gold going to 4 figures... it just took 35+ years to do it.

I'm still waiting on the rest of the stuff.

In the meantime, i've made a lot of fake money, and had a lot of "soon be be over" good times with it.

But I think they are right. and as my proof I present that in human history, no empire or civilization has lasted forever. I have little doubt that, eventually, this will happen again.

but... as far as information I can trade off of, without getting caught up in the cynicism... I don't find much there.

I'm not saying he's incorrect in his analysis or thinking. I'm just saying I find it, by and large, not helpful with my trading.

As I quoted.... neither he nor I nor I think really anyone has a great idea of what the next 6-18 months will bring, financially speaking, except more instability.

But, I'm sure something will be figured out. It might hurt. It might be financially hobbling... but i'm pretty sure it'll resolve in time as every other crisis of any sort has that has faced humanity since the beginning.

Sorry guys, this was pretty tangential.... The point I'm making is that I find such polarized and slanted information, even when by and large factual, tends to color my trading decisions... and I've found it actually hurts my trading.

If I traded ff such information, I would have never traded anything other than E/U short for the past 3.5 years.

And that would have, at some times, been very, very expensive.

Long when long gives the best of it, short when short gives the best of it, and always, always, always an objectivity in order to know which is which.

If nothing else, some friendly advice from a guy who has lost some sizable sums in the past due to losing objectivity.

X
  • #650,718
  • Jun 1, 2012 11:31am Jun 1, 2012 11:31am
Quoting forextraderx
you mention USD is falling so gold is falling... but, USD has been rising...no?

also, as per your quote, actually, the dow and S&P tend to move inverse to the U.S.D... and since at least the financial crisis hit around 2008, gold and the dollar have had a more inverse relationship than anything else.

how do you figure if the U.S.D. moves up then gold moves up.... it hasn't done this much for the last year or so, give or take. Which makes some sense actually if one considers how overpriced gold was back at 1900+

I personally still think...
because correlations are made
to break. No but id rather not i posted the reasons in my posts several times.
  • #650,719
  • Jun 1, 2012 11:33am Jun 1, 2012 11:33am
Quoting xandi
Originally Posted by xandi http://www.forexfactory.com/images/buttons/viewpost.gif
I´ve seen this before, with NFP we will have a boom of 100 pips up and rest of the day it will come down slowly to 2365...so it will make another cross/star/hammer whatever on daily....just like yesterday...


who is this guy?? magician?? wizard?? uóóóuuuuu
May I have to repeat?? it will close at 1.2365..I´ve shown and gave to you 200 pips today(100 long and 50+50 shorting 1.2420)!!! and you keep writing views so far from reality!!!
  • #650,720
  • Jun 1, 2012 11:33am Jun 1, 2012 11:33am
Quoting sidhujag
The way it got bought up at the bottom without making a new low on the H4... all the metal stocks look the same way.. gap down capitulation by retailers then buy.. without a retrace. NFP will tell... but will be too late for retailers to jump on by then... would be interesting to see what happens next few days on NY open. Remember NY loves to sell gold so lets see how they react.

Also yesterday it fell hard with USD and today USD rose even more and gold rose with it... generally this is a sign that there is strong demand.
nfp told the story
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