Dislikedpretty much everywhere but particularly in the west. I spent alot of time in Thailand and other parts of south east asia and the people there i think would be just content with the basics.Ignored
Cable Update (GBPUSD)
- #318,362
- Jul 8, 2012 4:52am Jul 8, 2012 4:52am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
i disagree..ok people in the so called less developed countries may appear to want less but the people at the top are milking it..i also would bet the crimes rates are higher as well
kinda like when i went to india..it seems this way but behind closed door people will sell their uncles to make corn
hmmmm
it's a long discussion here and I think it is all about the cost of living not only about greed.
I used to work for the biggest database company in the world and I had a huge salary for the country I was living into+ beneffits but I only had 1/4 of the salary the UK employees had...
On the other hand,the ones working in India had one sixth of my salary and they could still take care of their family.
They had the same lifestyle...going out,eating,renting...
So It depends how expensive life is there.
If you live in Costa RIca you can afford to live out of 1000 usd in a seaview villa + gardner + maid + food and expenses.
If you live where I live...you can barely pay the rent out of that.
If you live in Nepal...well I might as well call you ''Yourhighness''
It's kind of funny how they say India and China are the biggest economic powers in the world but the average salary is around 100-200 usd....and the expenses are made according to that.
And,in the western decadent world the average is 1500 EUR and expenses as well....
I really don't get it.Food is cheap in Asia due to what? cheap labour.Cool
They have no machines and still make agriculture cheap..handmade cheap.
In the West,they use machines(which makes it easier and more productive)but it is more expensive.and the handcraft is even more expensive ....
There is a word ''it is not stupid he who asks but he who gives'' the price asked for food,house,etc.
As I mentioned I am on the road for a bit.Where I live on the south coast the real estate is.....as the name state ...REAL(regal-belonging to the king) on an average price for a 60-70 sqm of 200000 eur.
600 km north,20 km inland you find 200 sqm villas on a 3000 sqm plots for 100000 eur.
I don't think it is only greed here but the stupidity and the ego.
If my neighbour has a BMW that he bought for 30k....I'm gonna buy one for 35 k so I am cooler than him.
when in fact the car should not worth more than 7-10 k
I have a friend working as an engineer for Renault....a normal car comes out for a 5k price...the rest is dealer and factory profit.
now with the crysis we can see more closer the real production price...
so.....I think it all starts in the kindergarden mentality and the way we are grown.
- #318,363
- Jul 8, 2012 5:39am Jul 8, 2012 5:39am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
hi again
somebody asked me something about USD CAD
I normally use it in conjunction with EU analysis so here it goes with the scenarios on diff TFS.
I say UCAD will drop to 0.98 area as per daily chart and past experience with this kind of charts.
so I will start with the H4 chart to point out the possible upmove with all the levels.
price headed up as expected (I was long from 1.0142 and you will see on daily why as 50% fibo))but did not close above the 38.2% fibo
I expect it will continue to go to the 50% line first before the fall.
Have a look at the RSI and stochs.fast stoch poiting down already with RSI
Slow stoch still needs to go up so fast stock and RSI first need a move down and then up to complete the cycle.
1.0229 is the very best short entry for me as it is the 50% fibo(50% fibo is not an important level in fibo but more a reversal level for traders)
It might not look important on H4 but on Daily it is same level with TS and KS
so a strong rejection should appear there.As well it is a previous S and R zone on Daily.
a SL just above 1.0293 would do just fine and this to be on the safe side as it could be placed just above 1.0262 as top kumo on H4
as soon s price will be rejected we'll form a perfect sell cross under cloud that would throw the cad to the bottom @ 1.0055 area
But if we head higher next levels to watch are 1.0311-1.0320 the next stop if first one fail and the last would be 1.0411-16 but that should top it and throw it back 91 pips first.
now going to that 1.0055 level(1.0047 is the 61.8 fibo on daily)..it would only be half of the fall as the whole fall under kumo would be 162-164 pips meaning 0.9958 to be precise...and if that one fails it would take us to 0.9739-0.9806 as my last TP.
as you see on Daily chart,RSI is punching the 50 line...a pierce shoots the pair to the sky,a bounce takes it to hell.
the very last chart is a 15 m one that points down as well.
so my entries will be on this one
buy around 1.0155 area TP 1.0250 or buy @ 1.0055-47 TP 1.0250 or sell from 1.0250 TP 1.0055 and below to the 0.9958 first and 0.9806
In my opinion all those moves are good to go with a good MM as the RR is more than 2-1 so I'll take them.
It does not mean to follow or to take them for granted as market does what she knows best.
somebody asked me something about USD CAD
I normally use it in conjunction with EU analysis so here it goes with the scenarios on diff TFS.
I say UCAD will drop to 0.98 area as per daily chart and past experience with this kind of charts.
so I will start with the H4 chart to point out the possible upmove with all the levels.
price headed up as expected (I was long from 1.0142 and you will see on daily why as 50% fibo))but did not close above the 38.2% fibo
I expect it will continue to go to the 50% line first before the fall.
Have a look at the RSI and stochs.fast stoch poiting down already with RSI
Slow stoch still needs to go up so fast stock and RSI first need a move down and then up to complete the cycle.
1.0229 is the very best short entry for me as it is the 50% fibo(50% fibo is not an important level in fibo but more a reversal level for traders)
It might not look important on H4 but on Daily it is same level with TS and KS
so a strong rejection should appear there.As well it is a previous S and R zone on Daily.a SL just above 1.0293 would do just fine and this to be on the safe side as it could be placed just above 1.0262 as top kumo on H4
as soon s price will be rejected we'll form a perfect sell cross under cloud that would throw the cad to the bottom @ 1.0055 area
But if we head higher next levels to watch are 1.0311-1.0320 the next stop if first one fail and the last would be 1.0411-16 but that should top it and throw it back 91 pips first.
now going to that 1.0055 level(1.0047 is the 61.8 fibo on daily)..it would only be half of the fall as the whole fall under kumo would be 162-164 pips meaning 0.9958 to be precise...and if that one fails it would take us to 0.9739-0.9806 as my last TP.
as you see on Daily chart,RSI is punching the 50 line...a pierce shoots the pair to the sky,a bounce takes it to hell.
the very last chart is a 15 m one that points down as well.
so my entries will be on this one
buy around 1.0155 area TP 1.0250 or buy @ 1.0055-47 TP 1.0250 or sell from 1.0250 TP 1.0055 and below to the 0.9958 first and 0.9806
In my opinion all those moves are good to go with a good MM as the RR is more than 2-1 so I'll take them.
It does not mean to follow or to take them for granted as market does what she knows best.
- #318,364
- Jul 8, 2012 5:47am Jul 8, 2012 5:47am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
GU now
only a M15 chart that point out for a small up move 1.5527 first then 1.5542 and from that point on I have no clue coz I am waiting for H4
this will wither print a move to 1.5770 or it might drop more to before reversal.
for the time being the H4 shows me only a 1.5650 move not higher.
as soon as I will have any updates I'll try to post if time allows me to....and if I have a computer close by
only a M15 chart that point out for a small up move 1.5527 first then 1.5542 and from that point on I have no clue coz I am waiting for H4
this will wither print a move to 1.5770 or it might drop more to before reversal.
for the time being the H4 shows me only a 1.5650 move not higher.
as soon as I will have any updates I'll try to post if time allows me to....and if I have a computer close by
- #318,365
- Jul 8, 2012 6:19am Jul 8, 2012 6:19am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #318,366
- Jul 8, 2012 6:26am Jul 8, 2012 6:26am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
I agree ,UC ,im looking for short ,nice harami on monthly in assosiation with previous bearish set up .range bound ,but overall im bullish
my only question here is...UCAD is the evil twin of EU
just open one daily on UCAD and daily on EU
so....if UCad will drop 200-400 pips it means EU will go up that high 200-400 pips
meaning first 1.2400-1.2500 max 1.2700 then drop 160 pips
actually now I have 2 buys on EU waiting.....so if EU climbs GU climbs as well.
and the world is nice and life is pink
- #318,367
- Jul 8, 2012 6:29am Jul 8, 2012 6:29am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
hmmmm
it's a long discussion here and I think it is all about the cost of living not only about greed.
I used to work for the biggest database company in the world and I had a huge salary for the country I was living into+ beneffits but I only had 1/4 of the salary the UK employees had...
On the other hand,the ones working in India had one sixth of my salary and they could still take care of their family.
They had the same lifestyle...going out,eating,renting...
So It depends how expensive life is there.
If you live in Costa RIca you can afford...
- #318,368
- Jul 8, 2012 6:40am Jul 8, 2012 6:40am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
not really ,I been shorting this for peanuts ,lol get busy on somthing ..and
sell the retrace if there is one
Eur is MIGHTY bearish
sell the retrace if there is one
Eur is MIGHTY bearish
my only question here is...UCAD is the evil twin of EU
just open one daily on UCAD and daily on EU
so....if UCad will drop 200-400 pips it means EU will go up that high 200-400 pips
meaning first 1.2400-1.2500 max 1.2700 then drop 160 pips
so if EU climbs GU climbs as well.
and the world is nice and life is pink
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #318,369
- Jul 8, 2012 6:47am Jul 8, 2012 6:47am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
this is my plan mate ...
http://www.forexfactory.com/attachme...1&d=1341716023
http://www.forexfactory.com/attachme...1&d=1341716023
but market open in next few hours could and will change anything...
plan is just plan .... but in business, we have to make a plan
just my imho and 0.001 cent only
http://www.forexfactory.com/attachme...1&d=1341716023
http://www.forexfactory.com/attachme...1&d=1341716023
but market open in next few hours could and will change anything...
plan is just plan .... but in business, we have to make a plan
just my imho and 0.001 cent only
GU now
only a M15 chart that point out for a small up move 1.5527 first then 1.5542 and from that point on I have no clue coz I am waiting for H4
this will wither print a move to 1.5770 or it might drop more to before reversal.
for the time being the H4 shows me only a 1.5650 move not higher.
as soon as I will have any updates I'll try to post if time allows me to....and if I have a computer close by
not euphoria follower
- #318,370
- Jul 8, 2012 7:04am Jul 8, 2012 7:04am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
this is my plan mate ...
http://www.forexfactory.com/attachme...1&d=1341716023
http://www.forexfactory.com/attachme...1&d=1341716023
but market open in next few hours could and will change anything...
plan is just plan .... but in business, we have to make a plan
just my imho and 0.001 cent only
as long as we have same levels more or less I like it
still with a good MM you can jump either short or long
I'm long now on both EU and GU....but as I said I'm always long at least on GU.
on EU I based the plan on UCAD as well....and to be honest Gold might spike up like hell for some 40 usd first and this will spile EU a min 100 pips....it might even happen on the market open...and this only as one guy wants gold as collateral....but the hell with the fundies...charts only show me a 40 USD first on M15(1613 to be precise)
On the other hand...H4 shows us a bounce from exactly the 61.8% fibo but if that one fails 1563 is next and 1542-1539 will follow
so....which one should I chose now that I closed all my Gold shorts....
should I reenter short based on H4 on a higher level..should I enter long now for 40 USD profit...
this is the problem with the over the weekend charts.they tell you the accurate picture coz they don't move....but monday open can screw everything...
p.s. don't belive in the courses that tell you ''you look at the charts for 5 min a day,place the trade and walk away''
sure,and the lemon is a colour
- #318,371
- Jul 8, 2012 7:18am Jul 8, 2012 7:18am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
- #318,372
- Jul 8, 2012 8:11am Jul 8, 2012 8:11am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #318,373
- Jul 8, 2012 8:27am Jul 8, 2012 8:27am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
- #318,374
- Jul 8, 2012 8:57am Jul 8, 2012 8:57am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
now you lost me both of you 
don't even know where to take that chart from
don't even know where to take that chart from
- #318,375
- Jul 8, 2012 9:06am Jul 8, 2012 9:06am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #318,376
- Jul 8, 2012 9:08am Jul 8, 2012 9:08am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
its gbp lfx ?
http://www.liteforex.com
http://www.liteforex.com
now you lost me both of you
don't even know where to take that chart from
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #318,378
- Jul 8, 2012 12:34pm Jul 8, 2012 12:34pm
- | Commercial User | Joined Feb 2010 | 2,739 Posts
on market open 1.5738 100% GUARANTEED
or I'm drunk after 2 pints of beer and I think I'm funny
am I funny ?
swears are welcome as well
it's so good to be...not quite holiday but sun,beach,sea..I think you got the picture
or I'm drunk after 2 pints of beer and I think I'm funny
am I funny ?
swears are welcome as well
it's so good to be...not quite holiday but sun,beach,sea..I think you got the picture
- #318,379
- Jul 8, 2012 1:22pm Jul 8, 2012 1:22pm
- Joined Jan 2010 | Status: Trader | 10,268 Posts
on market open 1.5738 100% GUARANTEED
or I'm drunk after 2 pints of beer and I think I'm funny
am I funny ?
swears are welcome as well
it's so good to be...not quite holiday but sun,beach,sea..I think you got the picture
We live in a finite world with infinite possibilities.
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