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  • #904,581
  • Jun 14, 2014 12:05pm Jun 14, 2014 12:05pm
Quoting gatorinla
no doubt Russia wants to raise its status. after all they did just get a new port. and between Russia and Ukraine and would control most of the usable iron market. they could build a hell of a navy/war-machine. we had the usd talk in 2007/2008 and the world didn't like it. many wanted euros and the world farted, today those euros are still worth less. i wonder how china made out. people need to realize the reason for the euro rise was not normal. so getting back to normal will take back what was given. each barrel of domestically produced oil or...
https://mitei.mit.edu/campus-energy/...newable-energy

http://mitei.mit.edu/news/in-the-new...ill-work-shade

https://mitei.mit.edu/news/mit-team-...-shade-problem
  • #904,582
  • Jun 14, 2014 12:08pm Jun 14, 2014 12:08pm
Quoting Vachus
{quote} I actually read about Russia agreement with China to accept payment with each country's local currency. There was also an agreement between Japan and China early to do the same. This healthy trend, is going to continue growing - which ironically is best for United states as well. As the financial system relay less on a specific currency, as future crisis will be better contained and not spread like a cancer on steroid. The hidden value, which is extremely practical is a country with negative trade balance, with the...
If Russia receives $400 Billion worth of Chinese Yuan, what are they going to do with that Yuan? can't buy real estate or any hard assets to evade taxes.

China only lets outsiders invest in a little tier of their financial markets & you can't really buy land there ... at all, you might own the 'building' ... but they own the physical land.

If I was a country, I wouldn't want a stock pile of Yuan in my banks.

And the US financial system wasn't the biggest risk. For the first time in history, the world is completely integrated on a 'real-time' basis. That is the risk, this is just a bump in the road. It wasn't the US, it was anyone who was connected to the new world.
  • #904,583
  • Jun 14, 2014 12:31pm Jun 14, 2014 12:31pm
Quoting slow-trader
{quote} If Russia receives $400 Billion worth of Chinese Yuan, what are they going to do with that Yuan?
They would pay it back, for exchange of goods and services. Both countries would remove -$400 X2 Billions on the trade Balance and there will be no need to adjust inflation higher on the local currency. Bare in mind, that the majority of emerging world has been suffering an undervalued currency as a direct result of using " U.S. Dollars" as a intermediary for transactions. If you don't have Oil or natural resources to sell to the west or any means to compete with the modernized world, ur currency will continue to be crashed by high levels of inflation.

* This is why this trend is going to strength among Asian countries, or United States increase it's reliance and Dollars capital injections ... AKA, Drill the Dollar Drill.

** The Big Mac Index, could give a primary image of who is most likely to alley themselves together..
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"It's the Margin, Stupid."
  • #904,584
  • Jun 14, 2014 12:32pm Jun 14, 2014 12:32pm
Quoting LizardGizzard
More bull tracks. {image}
The concept of long fair, but you have too much in advance of the entry, in fact, the best time is when the big banks close many positions of stop loss, then it is the right time to buy, and the more you know that the market has no reason to return to that area.

1.3524 go long, and yellow rectangles in the image highlighted analyze volumes between large banks and small investors.
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  • #904,585
  • Jun 14, 2014 1:14pm Jun 14, 2014 1:14pm
Quoting Vachus
{quote} They would pay it back, for exchange of goods and services. Both countries would remove -$400 X2 Billions on the trade Balance and there will be no need to adjust inflation higher on the local currency. Bare in mind, that the majority of emerging world has been suffering an undervalued currency as a direct result of using " U.S. Dollars" as a intermediary for transactions. If you don't have Oil or natural resources to sell to the west or any means to compete with the modernized world, ur currency will continue to be crashed by high levels...
- Bare in mind, that the majority of emerging world has been suffering an undervalued currency as a direct result of using " U.S. Dollars" as a intermediary for transactions.

I completely disagree, the majority of that devalues their currency so they can have sales/revenue. They don't have skilled labor, so they have to do unskilled work (cloths, basic manufacturing, etc). If they don't devalue their currency, they don't work.

China buys 400 Billion in energy (oil) from Russia, Russia has 400 Billion in Yuan. it is crazy to automatically assume that they can just reinvest that into China. What makes the UDS work is that it is liquid, you can go to Europe, UK, Latin America, North America, South America, Africa, Asia and find plentiful buyers of that. You will have to sell Yuan at a discount to get rid of it in most of the world.

- ** The Big Mac Index, could give a primary image of who is most likely to alley themselves together..

Nonsense, trade is good, trade is what builds wealth, the more trade ... the higher standard of living, unfortunately, that takes decades to play out ... any restriction on trade is bad for the people. Trade allows you to specialize in an area to trade for items/services you don't specialize in.

And the calculations for over/under-valued are all proprietary, meaning that the variables that go into the calculations are self-made and biased.
  • #904,586
  • Jun 14, 2014 7:02pm Jun 14, 2014 7:02pm
England is very good team, but not enough....
Wherever you go, there you are.
  • #904,587
  • Jun 14, 2014 8:00pm Jun 14, 2014 8:00pm
Quoting milam
England is very good team, but not enough....
lol
Wherever you go, there you are.
  • #904,588
  • Jun 14, 2014 8:35pm Jun 14, 2014 8:35pm
England are dumb, outsmarted by the maestro.....PIRLO!!!
  • #904,589
  • Jun 14, 2014 11:55pm Jun 14, 2014 11:55pm
Quoting shripsfx
England are dumb, outsmarted by the maestro.....PIRLO!!!
Blame it on the heat... LOL

My oulook for EU is bearish next week. Maybe a bit more up first, but down after that. Put options at 1.35 are starting to dwindle, which I take as a bearish sign. Also, the majority of retail traders still seem to be long, so that's another reason. Price action is the third (super strong move down on Friday, followed by a relatively weak retrace). First target 1.348, potential to go lower.

Any bullish traders like to counterpoint? Thanks.
You reap what you sow.
  • #904,590
  • Jun 15, 2014 12:16am Jun 15, 2014 12:16am
Quoting shripsfx
England are dumb, outsmarted by the maestro.....PIRLO!!!
I know what you mean....
Wherever you go, there you are.
  • #904,591
  • Jun 15, 2014 12:30am Jun 15, 2014 12:30am
Quoting NorthTrader
{quote} Blame it on the heat... LOL My oulook for EU is bearish next week. Maybe a bit more up first, but down after that. Put options at 1.35 are starting to dwindle, which I take as a bearish sign. Also, the majority of retail traders still seem to be long, so that's another reason. Price action is the third (super strong move down on Friday, followed by a relatively weak retrace). First target 1.348, potential to go lower. Any bullish traders like to counterpoint? Thanks.

I'm the same... I see a bear trap... shorts at 1.3567/72.. prob get too 1.3508 then retrace back too 1.3547/52 and we break 1.3486 by 4 pips probably 1.3482.. that retrace wont go far.. maybe 1.3512 then we fall straight too 1.3452/47.. again there will be no pullback.. likely to go too 1.3473 and keep falling to 1.3415.. there it will pullback too 1.3482/86 area before tumbling again to 1.3387... am short until we get too 1.3340/33 then I think major retrace
  • #904,592
  • Edited 3:28am Jun 15, 2014 1:20am | Edited 3:28am
Quoting RussJ
{quote} I'm the same... I see a bear trap... shorts at 1.3567/72.. prob get too 1.3508 then retrace back too 1.3547/52 and we break 1.3486 by 4 pips probably 1.3482.. that retrace wont go far.. maybe 1.3512 then we fall straight too 1.3452/47.. again there will be no pullback.. likely to go too 1.3473 and keep falling to 1.3415.. there it will pullback too 1.3482/86 area before tumbling again to 1.3387... am short until we get too 1.3340/33 then I think major retrace
normally I can't intervene but this type of stuff nothing is sure in this world, and you put a total script of move. are you sure than show your live account pending order (yes not good pa1)
don't predict direction, but dance with flow of water
  • #904,593
  • Jun 15, 2014 1:41am Jun 15, 2014 1:41am
Quoting Ksth
{quote} close 1.3568 south sell at 1.3568 n tp1.3485
tomorrow market open ..
change tp 1.35050
  • #904,594
  • Jun 15, 2014 2:06am Jun 15, 2014 2:06am
Quoting priceaction1
{quote} normally I can't intervene but this type of stuff nothing is sure in this world, and you put a total script of move. are you sure than show your live account pending order otherwise keep #$%%^.
Agree
A lot of mistakes are made by many and it is wise to be a little humble abouth the direction..
  • #904,595
  • Jun 15, 2014 2:08am Jun 15, 2014 2:08am
Quoting priceaction1
{quote} normally I can't intervene but this type of stuff nothing is sure in this world, and you put a total script of move. are you sure than show your live account pending order otherwise keep #$%%^.

I gave my opinion price action, what I expect and how I analyze it.... I once did posted my live account, I was arrogant back then and posted like 300 --350 pips and still going for it that day with 12k' plus profits, a little undisciplined then but never the less arrogant and since then changed my ways and taken the statement down as I have nothing to prove to anybody, you check my posts and since I've been back you will see a number of subscribers have subscribed to me as I my calls are accurate but at the end of the day they are my opinions and what I plan to do not what you plan to do. Are you so worried about my posts that you will allow my plan to overthrow your plan???

Worry about your own trading not about my plan and posts maybe if you listen and take a bit of notice then maybe you will learn something.
  • #904,596
  • Jun 15, 2014 2:13am Jun 15, 2014 2:13am
Quoting MarianneOslo
{quote} Agree A lot of mistakes are made by many and it is wise to be a little humble about the direction..

Marianne, I'm just quoting my plan and opinion, I remember last week you said that I was totally incorrect and wasn't my day low 100 pip drop predicted like 1 pip out from the actual low!!!

This is the reason why I am only on here for periods at a time then I take a break completely as there's people on here like price action that know everything already and it annoys me when he tells me to shut up.. when I am just quitting my plan.. I don't tell him to trade it.. i'll take my own trades against anyone's....that's not arrogance but confidence in my own plans

anyway, best of luck to price action... he has no need to look at my plans or trade them
  • #904,597
  • Jun 15, 2014 2:17am Jun 15, 2014 2:17am
Quoting priceaction1
{quote} normally I can't intervene but this type of stuff nothing is sure in this world, and you put a total script of move. are you sure than show your live account pending order otherwise keep #$%%^.
A bit harsh, isn't it? He's only stating his opinion. Isn't that what this forum is for?
You reap what you sow.
  • #904,598
  • Jun 15, 2014 2:27am Jun 15, 2014 2:27am
Quoting NorthTrader
{quote} A bit harsh, isn't it? He's only stating his opinion. Isn't that what this forum is for?

Agree Northtrader, and that said that's why I only come on here for periods at a time, much prefer coaching and mentoring indiviuals... perhaps if priceactions comes along i'll charge treble lol!!!!!!!!

Anyway, its my opinion and I not ruled out the upside so where is he going with it .. I see the double bottom.... I am going to take the the easy pips at 1.3572 down too 1.3510 and scale some profit there.... creating a new lower swing but double bottom on last swing for potential reversal. if of course 1.3572 breaks then I would expect it to get to 1.3587 then pullback too 1.3557/51 so would exit the short and go long


However, I expect 1.3572 to take us too1.3510 at that point it will get bought and I will scale some profit as advised but I will look for a re entry short at 1.3547 that's all....

Before those plans come to fruition there could be.. the words are could be a 1.3557 short too 1.3530.. then the 1.3530 would be the long to the 1.3572 area.... if the 1.3557 short doesn't happen and price goes straight too 1.3572 then I would expect the 1.3530 area to hold...and try and take us higher... everything in trading depends on what happens first... but it seems more logical that 1.3557 will short too 1.3530.. then 1.3530 for those that missed the long Friday (the bottom) to get long and long it too 1.3572 the short spot

Then if1.3510 retraces too 1.3547 and we short.... 1 pip below 1.3586 will allow for the shorts at 1.3512.... if 1.3586 holds dead then that could be the actual bottom but I aint seeing it that way.. I think 1.3486 will slightly break then 1.3512 will drop instantly too 1.3552/47 and as the 1.3580 area had been satisfied there is no need for it too come back and I think will keep falling too 1.3415 before it reaches 1.3480 area again... again that's my opinion but I am prepared for the long side as well as stated earlier
  • #904,599
  • Jun 15, 2014 2:32am Jun 15, 2014 2:32am
Russ!

Continiue to post trades and thoughts . Yes you were right once part of one day. Since then you have had a lot of mistakes and changing your mind back and fourth.

You make mistakes just like others do
  • #904,600
  • Jun 15, 2014 2:47am Jun 15, 2014 2:47am
Quoting MarianneOslo
Russ! Continiue to post trades and thoughts . Yes you were right once part of one day. Since then you have had a lot of mistakes and changing your mind back and fourth. You make mistakes just like others do

I think your better checking my posts and re read.. I advised 1.3586 long tight stop and 1.3539 long and they are the 2 that were incorrect but were the correct spots if euro was about to go long, the exact spots. since then I advised I would not be longing the euro.. these were the 2 areas for longs,... but I also advised usd had further to go as in the 80.88 mark.. I think it hit the spot exactly didn't it??? that's why I was unsure about euro as usd had room to manoveoure to 80.88... then when it hit the spot I suggested euro had missed the opportunities to go long, 80.88 would have being fine if euro had been at 1.3587 or 1.3539 since they both missed is suggested shorting euro........ but I aint going to reply anymore, just to my personal mails...I think euro is down and have stated my shorts spots over the days and they have been correct.. same as cable even though not traded it last couple of days, my target just did not get reached in euro.. if I wanted to collect 35/40 pips I had the opportunity to off my short entries but was honest to the room and advised break even over 3 trades.. s then started scalping the 35/40 pips... as was actually waiting for the potential bottom at 1.3486... but advised on Friday that if price went up first to 1.3587 then that would be an easy short to 1.3520... but advised scale or leave as it has the potential to go much lower...... also suggested that If price went to 1.3586 first then it would be unlikely that 1.3486 would hold..... I said if however, 1.3486 was hit before that area of 1.3587 then we could have a possible reversal.... for me we came close enough to the 1.3587 area at 1.3582... but wait I must have predicted the incorrectly because I suggested 1.3587 too 1.3520 for easy pips but it went at 1.3582 too 1.3519......... i think i even quoted areas it would retrace off every day, daily commentry for 25 - 35 pips, live as its happening and before it reaches the areas ,anyways, best you check my posts to re check how incorrect i am 5 pips out sometimes, 3 pips out others, yes i am incorrect, but don't worry I wont be posting anymore for a while.....
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