2915 or bust
walker.
Edit : reject from 2885 was expected in my previous posts as traget level1
- #698,522
- Sep 26, 2012 7:23pm Sep 26, 2012 7:23pm
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #698,523
- Sep 26, 2012 7:24pm Sep 26, 2012 7:24pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
"who purchase with income generated outside family"
creating in come outside family can be done by exporting products,technology, tourism .........
if familiy produce income from outside then the overall money in the house grows. and this healty growth.
but without income, the trade done in the house generate only inflation due every person will sell the product with higher price to another.
so this is the break point. after comunism has ended in 90's the balance is gone for capitalism. now all big countries in the world including china...
glad you mention China I would like to add Japan, Korea N&S, Arabic States, Russia as examples
China and Japan are export economies, importing cheap raw minerals etc and exporting appreciated products, they have flourished, along with their import clients eg australia
However product saturation and decreasing buyers is really hurting these 2, including import partners
Arabic State are purely exporters, oil and gas, nothing else, productivity zero, they were living in tent in the deserts prior oil, and will be again post oil, they are bending every rule in their book to develop tourism, woman / alcohol etc, but they are doomed economically
Korea North and South same country with imaginary line down the middle, 1 side embrace capitalism and florish, other closed shop like your family example and living 3rd world
Riussia similar, history of closed shop / family, embraced capitalism, but failing miserable, why, nil productivity zero exports ( not counting lada) some oil and gas
I do no believe protesting, population effect forex at all, they are the average joe being hit the hardest, the top 10% of population with most the wealth are flourishing while the people are drowning, this is true capatilism
Garage sales and mortgagee sale do not show state of economy, just joes taking a hit, for me these times are bargain times,
Real economic indicators are when the top 10% ,s are taking a hiot, like China now, with large car auctions, lamboginis, ferraris ets super cheap, the big boys are starting to be hurt, this for me is huge red alarm bells for chuan yen AUD etc etc,
sorry too many words, shorted ladies and going to lunch
If you are new to Forex? Say Goodbye to your account!!
- #698,524
- Sep 26, 2012 7:25pm Sep 26, 2012 7:25pm
- Joined Dec 2010 | Status: Trader | 18,740 Posts
I was not actually.
it took years to learn. learning by doing. the most expensive way of learning.
but you never forget.
walker.
it took years to learn. learning by doing. the most expensive way of learning.
but you never forget.
walker.
I like that you´re keeping to your plan
- #698,526
- Sep 26, 2012 7:34pm Sep 26, 2012 7:34pm
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
good post. 
nope you wrong, if we dont understand economics will never understand forex
glad you mention China I would like to add Japan, Korea N&S, Arabic States, Russia as examples
China and Japan are export economies, importing cheap raw minerals etc and exporting appreciated products, they have flourished, along with their import clients eg australia
However product saturation and decreasing buyers is really hurting these 2, including import partners
Arabic State are purely exporters, oil and gas, nothing else, productivity zero, they were...
- #698,527
- Sep 26, 2012 7:34pm Sep 26, 2012 7:34pm
- Joined Dec 2010 | Status: Trader | 18,740 Posts
I am not wrong we are saying the same thing with other words.
if you read my earlier post said, western countries has to build a link to asia to balance the dept. that was a great discussion between china & us if you remeber. Obama has visited china 2 times about currency issue. ( asked china to strength chuan)
japan is other story. they has created a huge amount of cash & could not sell it as US did & japan interest rates fall to minus before crises. they started carry trade to make money even houswifes. banks has delivered huge amount money as credit to irregulated companys just to get higher interest & many of those credits has defaulted.
but you are absolutly wrong about lada. russia has collected all exported ladas due to spare part shortage after production stopped.
walker.
if you read my earlier post said, western countries has to build a link to asia to balance the dept. that was a great discussion between china & us if you remeber. Obama has visited china 2 times about currency issue. ( asked china to strength chuan)
japan is other story. they has created a huge amount of cash & could not sell it as US did & japan interest rates fall to minus before crises. they started carry trade to make money even houswifes. banks has delivered huge amount money as credit to irregulated companys just to get higher interest & many of those credits has defaulted.
but you are absolutly wrong about lada. russia has collected all exported ladas due to spare part shortage after production stopped.
walker.
nope you wrong, if we dont understand economics will never understand forex
glad you mention China I would like to add Japan, Korea N&S, Arabic States, Russia as examples
China and Japan are export economies, importing cheap raw minerals etc and exporting appreciated products, they have flourished, along with their import clients eg australia
However product saturation and decreasing buyers is really hurting these 2, including import partners
Arabic State are purely exporters, oil and gas, nothing else, productivity zero, they were...
- #698,531
- Sep 26, 2012 7:47pm Sep 26, 2012 7:47pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
I am not wrong we are saying the same thing with other words.
if you read my earlier post said, western countries has to build a link to asia to balance the dept. that was a great discussion between china & us if you remeber. Obama has visited china 2 times about currency issue. ( asked china to strength chuan)
japan is other story. they has created a huge amount of cash & could not sell it as US did & japan interest rates fall to minus before crises. they started carry trade to make money even houswifes. banks has delivered huge amount money...
and yes BOJ are hopeless, I have 2 partners who have borrowed large for "0%" for years
as for citi arabic investors, only 4% live home most have multi[ple residencies, amazing what money can buy
my ladie shorts are doing nice even geppy look like her going to take a hit
If you are new to Forex? Say Goodbye to your account!!
- #698,532
- Sep 26, 2012 7:49pm Sep 26, 2012 7:49pm
- Joined Dec 2010 | Status: Trader | 18,740 Posts
a reject from 2885 bigger then I expected.
the move on 4H chart can be a premature move and bounce from %50 channel level.
unlikely price can retest 2836.
walker.
the move on 4H chart can be a premature move and bounce from %50 channel level.
unlikely price can retest 2836.
walker.
price has just got a smash from first target 2885
walker.
- #698,533
- Sep 26, 2012 7:49pm Sep 26, 2012 7:49pm
- Joined Dec 2010 | Status: Stop Pretending | 5,275 Posts
Mark ... Everything you have been told is a LIE
- #698,534
- Sep 26, 2012 7:52pm Sep 26, 2012 7:52pm
- Joined Dec 2010 | Status: Trader | 18,740 Posts
good luck with your trades!
walker.
walker.
no bro I not said you was wrong just the last sentence about being off topic
and yes BOJ are hopeless, I have 2 partners who have borrowed large for "0%" for years
as for citi arabic investors, only 4% live home most have multi[ple residencies, amazing what money can buy
my ladie shorts are doing nice even geppy look like her going to take a hit
- #698,535
- Sep 26, 2012 7:54pm Sep 26, 2012 7:54pm
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
a reject from 2885 bigger then I expected.
the move on 4H chart can be a premature move and bounce from %50 channel level.
unlikely price can retest 2836.
walker.
We'll see how it behaves, but I have a max of 74 maybe 78 on the nex move.. Not worth the risk for me..
Must have been my line at 78.. Couldn't close above it on h1..
- #698,536
- Sep 26, 2012 7:56pm Sep 26, 2012 7:56pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
This is not an uptrend. It's just a retracement of the current Daily downtrend. And I believe most of the up move is done for now.
zone for her is same as all week 2885 -2866 her need bo either way
If you are new to Forex? Say Goodbye to your account!!
- #698,537
- Sep 26, 2012 8:01pm Sep 26, 2012 8:01pm
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
- #698,539
- Sep 26, 2012 8:46pm Sep 26, 2012 8:46pm
- Joined Dec 2010 | Status: Stop Pretending | 5,275 Posts
Mark ... Everything you have been told is a LIE
- #698,540
- Sep 26, 2012 8:46pm Sep 26, 2012 8:46pm
- Joined Sep 2011 | Status: Minor crosses. Major pips. | 3,701 Posts
Time turns trend. - W.D. Gann