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EURUSD

  • #789,301
  • Apr 17, 2013 9:43pm Apr 17, 2013 9:43pm
Quoting gatorinla
LMFAO give me a break..
AMEN
Trade smaller than rational because the market is irrational...
  • #789,302
  • Apr 17, 2013 9:46pm Apr 17, 2013 9:46pm
Quoting mohan76
actually fall down mush faster then flying
A truth of trading. Prices fall faster than climbing. A trait of trading in paper.

Although my brother who got his gold fill tonite, if he got in on no or low leverage and has patience he will be rewarded. Its GOLD.
Trade smaller than rational because the market is irrational...
  • #789,303
  • Apr 17, 2013 9:48pm Apr 17, 2013 9:48pm
Quoting EuroTraderJD
A truth of trading. Prices fall faster than climbing. A trait of trading in paper. Although my brother who got his gold fill tonite, if he got in on no or low leverage and has patience he will be rewarded. Its GOLD.

atleast in rupee terms gold will fall more.
  • #789,304
  • Apr 17, 2013 9:53pm Apr 17, 2013 9:53pm
Hello

I am new and also at a disadvantage. I have drained my margin more times than I'm willing to admit, but here I am again, making sure that I have failure perfected.

Based on the almost five months of ugly candles from Sep to Jan, it will drop perhaps
30 pips
Then rise again to
1.3200
Long term is short, but it is not yet. As it steps upward to perhaps
1.3300
the dips are traded, but if I should wish to trade one direction for now, I should ride the bull, correct?
  • #789,305
  • Apr 17, 2013 9:56pm Apr 17, 2013 9:56pm
Quoting forex4india1
atleast in rupee terms gold will fall more.
It may in USD and other currencies as well. For the time being. Gold is timeless so anyone holding it should be timeless as well and through their watch and calendar away.

IMO Gold and PMs are a different kind of investment vehicle. Its not made to get you rich overnight. I liken it to a fine Mercedes vs. my classic ass hauling Corvette.
Trade smaller than rational because the market is irrational...
  • #789,306
  • Apr 17, 2013 9:57pm Apr 17, 2013 9:57pm
Quoting EuroTraderJD
A truth of trading. Prices fall faster than climbing. A trait of trading in paper. Although my brother who got his gold fill tonite, if he got in on no or low leverage and has patience he will be rewarded. Its GOLD.
if need be, i will take all your shiny stuff with dull lead.
culture ages, and the shiny stuff will shine less. does anyone think they could buy Manhattan with some shiny beads today.

i can trade paper for gold.. if its worth so much, why would the guys hyping it, take paper for it?
those who can, do. those who cant, talk about those who can
  • #789,307
  • Apr 17, 2013 10:04pm Apr 17, 2013 10:04pm
Quoting gatorinla
if need be, i will take all your shiny stiff with dull lead. culture ages, and the shiny stuff will shine less. does anyone think they could buy Manhattan with some shiny beads in this today. i can trade paper for gold.. if its worth so much, why would the guys hyping it, take paper for it?
AMEN on the lead part. I got that too in all sizes from bang to BOOM

Buying Manhattan with beads no. Gold bricks...everyone has their price.

Remember history during the Wiemar Republic. Wheelbarrows of paper to buy bread. Those with gold survived and thrived. No fiat has lasted forever. This is one example there are many more. No one has used bricks of gold to buy a loaf of bread.

Gold and silver are money everything else is credit... JP Morgan. He was way smarter and richer than me so I will defer to him and his wisdom
Trade smaller than rational because the market is irrational...
  • #789,308
  • Apr 17, 2013 10:08pm Apr 17, 2013 10:08pm
Quoting mohan76
eastern and western have different view on shiny...
AMEN you hit the nail on the head.
Trade smaller than rational because the market is irrational...
  • #789,309
  • Apr 17, 2013 10:11pm Apr 17, 2013 10:11pm
Quoting gatorinla
if need be, i will take all your shiny stuff with dull lead. culture ages, and the shiny stuff will shine less. does anyone think they could buy Manhattan with some shiny beads today. i can trade paper for gold.. if its worth so much, why would the guys hyping it, take paper for it?
eastern and western have different view on shiny , for us shiny serve as jewellery (22/24 ct not 9ct)) & long term inv. even if it fall at least we used it and we don't sell it unless emergency rise (last resort)
Mohan
  • #789,310
  • Apr 17, 2013 10:16pm Apr 17, 2013 10:16pm
Quoting mohan76
eastern and western have different view on shiny , for us shiny serve as jewellery (22/24 ct not 9ct)) & long term inv. even if it fall at least we used it and we don't sell it unless emergency rise (last resort)

I agree with mohan. same with indians. only if you are going to get bankrupt gold will be sold otherwise no a big Nooooooooooooooooooooooooooo
  • #789,311
  • Apr 17, 2013 10:18pm Apr 17, 2013 10:18pm
euro is flat for the past 6 hrs. wtf
  • #789,312
  • Apr 17, 2013 10:22pm Apr 17, 2013 10:22pm
Quoting mohan76
eastern and western have different view on shiny , for us shiny serve as jewellery (22/24 ct not 9ct)) & long term inv. even if it fall at least we used it and we don't sell it unless emergency rise (last resort)
and those easterners love the crap we advertise, they cant live w/o.. gold for iPhones
each generation losses the cultural appeal.
those who can, do. those who cant, talk about those who can
  • #789,313
  • Apr 17, 2013 10:28pm Apr 17, 2013 10:28pm
bbl
those who can, do. those who cant, talk about those who can
  • #789,314
  • Apr 17, 2013 10:31pm Apr 17, 2013 10:31pm
Quoting gatorinla
and those easterners love the crap we advertise, they cant live w/o.. gold for iPhones each generation losses the cultural appeal.
partly agree , but my 3 year old asking for jewels , i guess it's passing forward from mum

ps : personally i don't like iPhones & i guess new trend is galaxy
Mohan
  • #789,315
  • Apr 17, 2013 10:32pm Apr 17, 2013 10:32pm
Quoting forex4india1
euro is flat for the past 6 hrs. wtf
Well, when price falls almost 200 pips in one day, it needs to take a breather. And when price falls, it likes to take the elevator. But when it rises, it likes to take the stairs.
Time turns trend. - W.D. Gann
  • #789,316
  • Apr 17, 2013 10:45pm Apr 17, 2013 10:45pm
Quoting ForExtraPips
Well, when price falls almost 200 pips in one day, it needs to take a breather. And when price falls, it likes to take the elevator. But when it rises, it likes to take the stairs.
so you think its taking the stairs given the activity in the last 6-7 hours?
  • #789,317
  • Apr 17, 2013 10:46pm Apr 17, 2013 10:46pm
Quoting msetai
so you think its taking the stairs given the activity in the last 6-7 hours?
or like this

Inserted Video



edit : testing march open
Mohan
  • #789,318
  • Apr 17, 2013 10:49pm Apr 17, 2013 10:49pm
Quoting ForExtraPips
Well, when price falls almost 200 pips in one day, it needs to take a breather. And when price falls, it likes to take the elevator. But when it rises, it likes to take the stairs.
haha or a super mario mad merkel bushy bennie suishi abe "butt rocket"
If you are new to Forex? Say Goodbye to your account!!
  • #789,319
  • Apr 17, 2013 10:52pm Apr 17, 2013 10:52pm
lol typical asian session. no news spike of 15 pips. time to sell hard now
  • #789,320
  • Apr 17, 2013 10:52pm Apr 17, 2013 10:52pm
bounce from 1.3060 is possible
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