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  • #16,021
  • Nov 25, 2012 4:37pm Nov 25, 2012 4:37pm
Quoting DaddyBear
So what is the ....... It is well managed under DB & Co..
  • #16,022
  • Nov 25, 2012 4:54pm Nov 25, 2012 4:54pm
Good Morning All, interesting article below, What Happens If The Dollar Hits US 1.20 http://www.smh.com.au/business/what-happens-if-the-dollar-hits-us120-20121125-2a1im.html
  • #16,023
  • Nov 25, 2012 5:03pm Nov 25, 2012 5:03pm
Quoting GnarlyPips
You seem to forget about things like technology. If you say simple math can prove BS wrong, then why not use simple math to prove BS wrong? Should be simple, right?
Mathematically this is impossible. Because a) Saudi Oil reserves far exceeds US oil reserves by the order of magnitudes. b) US oil reserves are already well developed and hence most of it are already depleted.

Anyway the IEA report is comparing apples and oranges because hydraulic fracturing gets you more natural gas not light sweet crude.

Now I'm not a big expert on fracking but I have seen a documentary by the same name years ago. The method requires using large amounts of surrounding freshwater, injecting it with lots of carcinogenic benzine derivatives and pumping it underground where the chemicals produces an explosive catalytic reaction. The resulting high pressure then causes the natural gas in those reserves gush out either through existing faultlines or it creates new ones by cracking the earth. From the documentary video the natural gas geysers created from it are pretty huge, there's so much gas coming out of one, it actually causes the surroundings to be covered with white natural gas concentrate that looks like grey snow.

Frankly I wouldn't want this kind of stuff in my backyard because of the environmental damage it causes. Carcinogenic water tables? Benzine evaporation ponds? Flaming tap water (check out the videos on youtube!)? No thnx!

Not to mention in the doco, someone from the University of Texas did a study, even one of those wells produces more green house gas than all the car emissions from city of Dallas.
  • #16,024
  • Nov 25, 2012 5:13pm Nov 25, 2012 5:13pm
Quoting DaddyBear
The point is not how many pips but the direction of the market's next move. After all, the only thing matters is the right direction.
we are moving up not dowN???
  • #16,025
  • Nov 25, 2012 5:29pm Nov 25, 2012 5:29pm
Quoting HelloOz
we are moving up not dowN???
My opinion is what I think not what will definitely happen in the end. Everyone shall be making their own decisions based on his own judgements.

If you think it's going up then it's you call to enter the trade accordingly.
daddybearforex. com
  • #16,026
  • Nov 25, 2012 5:34pm Nov 25, 2012 5:34pm
Quoting Iro
Mathematically this is impossible. Because a) Saudi Oil reserves far exceeds US oil reserves by the order of magnitudes. b) US oil reserves are already well developed and hence most of it are already depleted.

Anyway the IEA report is comparing apples and oranges because hydraulic fracturing gets you more natural gas not light sweet crude.

Now I'm not a big expert on fracking but I have seen a documentary by the same name years ago. The method requires using large amounts of surrounding freshwater, injecting it with lots of carcinogenic benzine...
Natural gas will overtake crude in demand. Saudi Arabia has less reserves in that area. Even then, reserves doesn't equal production. This article below suggests that America won't stay #1, just that it's more-or-less gaining energy independence.

http://www.bloomberg.com/news/2012-11-12/u-s-to-overtake-saudi-arabia-s-oil-production-by-2020-iea-says.html
Play the players, not the cards.
  • #16,027
  • Nov 25, 2012 5:42pm Nov 25, 2012 5:42pm
Quoting DaddyBear
My opinion is what I think not what will definitely happen in the end. Everyone shall be making their own decisions based on his own judgements.

If you think it's going up then it's you call to enter the trade accordingly.
im just joking around. closed my position last week just before closed, entered short position again a moment ago. no interest and better selling price.. this week is last week for November, wish you all a great week and lets close this month with many green pips..
  • #16,028
  • Nov 25, 2012 5:42pm Nov 25, 2012 5:42pm
Quoting GnarlyPips
Natural gas will overtake crude in demand. Saudi Arabia has less reserves in that area. Even then, reserves doesn't equal production. This article below suggests that America won't stay #1, just that it's more-or-less gaining energy independence.

http://www.bloomberg.com/news/2012-11-12/u-s-to-overtake-saudi-arabia-s-oil-production-by-2020-iea-says.html
We're talking about oil not natural gas. The article thinks the US will overtake Saudi in oil production which is bull.

If we're talking about gas, Russia is the Saudi Arabia of that arena ie far exceeding US in the order of magnitudes. They have more natural gas trapped in permafrost than you can shake a stick at. Not the unconventional hard to extract kind either.
  • #16,029
  • Nov 25, 2012 5:54pm Nov 25, 2012 5:54pm
Quoting DaddyBear
My opinion is what I think not what will definitely happen in the end. Everyone shall be making their own decisions based on his own judgements.

If you think it's going up then it's you call to enter the trade accordingly.
Let me use an analogy to explain what i think about this situation. I flew back from Barcelona to NY in 2009. The plane flew to Paris first. I did not think it was going to Russia or somewhere else. My ticket was to NY and I believed that I would be in NY later.

There is no straight freeway in the Forex market. Such a counter wave was a part of the game.
daddybearforex. com
  • #16,030
  • Nov 25, 2012 6:00pm Nov 25, 2012 6:00pm
Quoting DaddyBear
Let me use an analogy to explain what i think about this situation. I flew back from Barcelona to NY in 2009. The plane flew to Paris first. I did not think it was going to Russia or somewhere else. My ticket was to NY and I believed that I would be in NY later.

There is no straight freeway in the Forex market. Such a counter wave was a part of the game.
did you mean to say France instead of Russia?
  • #16,031
  • Nov 25, 2012 6:03pm Nov 25, 2012 6:03pm
Quoting DaddyBear
There is no straight freeway in the Forex market. Such a counter wave was a part of the game.
Here is DB's Law #6 .......


http://www.forexfactory.com/attachme...1&d=1350852855
daddybearforex. com
  • #16,032
  • Nov 25, 2012 6:04pm Nov 25, 2012 6:04pm
Quoting HelloOz
did you mean to say France instead of Russia?
Could you make your question clear? I meant Russia not France.
daddybearforex. com
  • #16,033
  • Nov 25, 2012 6:07pm Nov 25, 2012 6:07pm
and we have the Sydney move 15 pips up and down....
The More You Learn, The More You Earn.....
  • #16,034
  • Nov 25, 2012 6:09pm Nov 25, 2012 6:09pm
Quoting forexalien
and we have the Sydney move 15 pips up and down....
What does your triple ADX tell you now?
daddybearforex. com
  • #16,035
  • Nov 25, 2012 7:07pm Nov 25, 2012 7:07pm
Because alien did not come up with his triple ADX, let me exam the following chart and projection posted on Saturday/Friday. So far the first Bull and the middle Bear of my projection match the PRESET market paths. Now, the first question: Will this projection match the PRESET Bear path completely? Second, if so, where will the point of return be?

http://www.forexfactory.com/attachme...1&d=1353720011
daddybearforex. com
  • #16,036
  • Nov 25, 2012 7:16pm Nov 25, 2012 7:16pm
Quoting DaddyBear
Because alien did not come up with his triple ADX, let me exam the following chart and projection posted on Saturday/Friday. So far the first Bull and the middle Bear of my projection match the PRESET market paths. Now, the first question: Will this projection match the PRESET Bear path completely? Second, if so, where will the point of return be?

http://www.forexfactory.com/attachme...1&d=1353720011
Hey daddy, what about this, (keep it simple)
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 29 KB
  • #16,037
  • Nov 25, 2012 7:21pm Nov 25, 2012 7:21pm
Quoting tunera
Hey daddy, what about this, (keep it simple)
tunera, how's going? You see, as a man, I'd like to keep everything simple and STRAIGHT. But, the Aussie is a woman. Nothing is simple with a woman if you ever married to one of them.
daddybearforex. com
  • #16,038
  • Nov 25, 2012 7:23pm Nov 25, 2012 7:23pm
Quoting tunera
Hey daddy, what about this, (keep it simple)
BTW, this is more like a man's behavior.

http://www.forexfactory.com/attachme...1&d=1353892608
daddybearforex. com
  • #16,039
  • Nov 25, 2012 7:25pm Nov 25, 2012 7:25pm
Quoting DaddyBear
tunera, how's going? You see, as a man, I'd like to keep everything simple and STRAIGHT. But, the Aussie is a woman. Nothing is simple with a woman if you ever married to one of them.
ehehehe i know, women are sometime more crazy than forex
I feel that my lifetime is not enough to understand both, so i've decided to just concentrate on fx.
Let's see what this woman will do, i'm still dancing with cable (oh my godness she's giving me headaches recently with her 40pips daily range, but seems like we're going to find an agreement soon).
Keep up the good work!
  • #16,040
  • Nov 25, 2012 7:35pm Nov 25, 2012 7:35pm
hmm yap. am looking that level and gonna see how the PA around there ( green line in my prev chart )

Quoting DaddyBear
Based on your charts, your take is the Aussie will drop to 1.040x level. Correct me if I am wrong.
not euphoria follower
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