EURUSD

No I was stopped out

Sony Playstation - 1994

Sony Playstation 2 - 2000

don't get me started... still mad at myself for getting s/o @42. retrace will be hard to catch, if any.

I was using 'smartphone' as short for the era of globalization, transfer of manufacturing to third world countries, and access to trade opportunities via the Internet (as I said via the 'read' remark).

You can see from the graph that while India may have sold many TYPES of exports prior to the 'smartphone era (short for all those things) the TOTAL VALUE of her exports during that period was quite small compared to the VALUE of the things she is exporting now. I think the trajectory of Indian GDP makes it quite clear that it was the 'smartphone era'/globalization that was cause of that, and not an increase in India's textile exports or any of the other things you mentioned.

Per capita GDP in India was :
$83 dollars in 1960
$114 in 1970
$271 in 1980
$375 in 1990 (Internet arises),
$457 in 2000 (globalization just starts)
$1417 in 2010 (widespread globalization, offshoring)

As you can see, Indian GDP more than triples in the decade from the start of globalization in 2000 to 2010 (smartphone era in full swing), which it does not do in any prior decade. The point of the conversation was that the introduction of smartphones was combined with the fact that a good deal of the production (and production here includes all the components, including software and engineering) was outsourced to third world countries like China and India. This left consumers in those countries with so much more disposable income that they can now afford both smartphones and gold. (You will see a similar trajectory in China's figures.) So it's not sure that the popularity of smartphones is affecting the demand for gold by reducing the disposable income that consumers in third world countries have to spend on it (because they buy smartphones instead), compared to what they had available to spend on it prior to the introduction of smartphones.

My opinion is that it is more likely that the price of gold is decreasing because it is reflecting the deflationary cycle we are in better that fiat money, which is being printed to try to offset that.

Just opened more shorts on the eu now

Looking to see if there could be a long potential for 39/40

Currently 36,8x

Stopped out

intersting market eur up gbp down and more loving eur/gbp pair up .and i like this kind of market without news.

Watching 1.0888

I think that what Shiv999 meant is that before WTO Uruguay round there was no meaningful/substantial globalization, so that comparing india's export before and after 199X may not be really pertinent.

Sorry I saw them now, I was on the phone long time to handle mt4 920 problems with my broker IT department.

I was looking awr low which is completed.

maybe somebody throw some chili power into usd/cad ass

watching for shorts around 093x

short here. too much selling in this zone

There is a norm 46.89 for into the 30s.....but I don't have a spot to long after my already failed attempt

OPEC on the war path I guess....I lost interest in catching the long...I'll short norm if we ever see it

Is 888 not a norm anymore?

resistance

I got stopped out here a few minutes ago. How strong do you see this resistance?

not watching 0888 ... 093x (sup. + DR2 combo)

1.0868 will open fresh round of selling