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  • #4,821
  • May 31, 2016 1:21am May 31, 2016 1:21am
Quoting rythmrig
Cannot forget the dax {image}
Looks like a good level
It's all about bucks, kid. The rest is conversation.
  • #4,822
  • May 31, 2016 1:33am May 31, 2016 1:33am
Quoting squawk
{quote} I agree Chris but then again the whole market is a bunk and full of fakes and flush outs.
So true my man, So true.
Ghost Rider - WWTBMD?
  • #4,823
  • May 31, 2016 1:35am May 31, 2016 1:35am
Quoting squawk
{quote} The market is screwing with our minds Ben. I agree with you though surprised equities has jumped back up but think it still a denial run. I've been taken out of my position a couple of times so far but have also booked a few profits. Im clean at the moment but looking to sell when it starts moving again. Its standing on a thin leg at the moment. Thinking between the relationships of the 4 groups. If your bullish gold then you should be short equities, bonds and dollar for the most part. Mind you during deflation which seems likely at the...
Well I am bullish gold but not in the short term. Bounced at a bat but reckon it could tumble and send King World News into overdrive. I listened to a good rick rule interview yesterday where he says that holding at the turn of a big move is the hardest thing because you're so used to the pain of being wrong. Ergo the more pain you can live with the higher your chances of coming out on top.
It's all about bucks, kid. The rest is conversation.
  • #4,824
  • May 31, 2016 1:58am May 31, 2016 1:58am
Quoting squawk
{quote} The market is screwing with our minds Ben. I agree with you though surprised equities has jumped back up but think it still a denial run. I've been taken out of my position a couple of times so far but have also booked a few profits. Im clean at the moment but looking to sell when it starts moving again. Its standing on a thin leg at the moment. Thinking between the relationships of the 4 groups. If your bullish gold then you should be short equities, bonds and dollar for the most part. Mind you during deflation which seems likely at the...

Hi Squawk, The one thing i have been pondering on with these equities is that we certainly are in a mega shift from a public system to a private system. The writing is on the wall from how recent months of bullshit here in Oz with the backlash of attention on the usual TAX topic and how corporations are not paying tax or a fair share. We had the shift of private health then funding private schools with public funds the list would go on. Infact this kind of act is criminal...Now in saying this all i can see is some mind manipulation going on at this point to dump income tax or reduce and up GST. People will think they are getting a deal when infact the GST rises over time will be the offset and profits for the corporations after all they own just about all the assets and they are excused of past taxes.. So they will artificially inflate the stocks to get the private sector over riding the public. Other words we are getting f.....
  • #4,825
  • May 31, 2016 1:59am May 31, 2016 1:59am
Quoting Lalu
{quote} Well I am bullish gold but not in the short term. Bounced at a bat but reckon it could tumble and send King World News into overdrive. I listened to a good rick rule interview yesterday where he says that holding at the turn of a big move is the hardest thing because you're so used to the pain of being wrong. Ergo the more pain you can live with the higher your chances of coming out on top.
So true and very Rarely do they do V turn without putting a shoulder in. I find this one of the hardest to deal with when trading, you jump out of a trade expecting the shoulder and it runs right through, then you don't chase and never get the entry. Its sitting at the 38 level which can be bullish retrace level so I am looking here at the moment. If it runs through then the levels you posted before are in play I think.
  • #4,826
  • May 31, 2016 2:29am May 31, 2016 2:29am
Quoting rythmrig
{quote} Hi Squawk, The one thing i have been pondering on with these equities is that we certainly are in a mega shift from a public system to a private system. The writing is on the wall from how recent months of bullshit here in Oz with the backlash of attention on the usual TAX topic and how corporations are not paying tax or a fair share. We had the shift of private health then funding private schools with public funds the list would go on. Infact this kind of act is criminal...Now in saying this all i can see is some mind manipulation going...
Hi Rythmrig, most the world been has been shifting from public to private system slowly since the late 80s. I can see GST being raised in Aust, it's only a matter of time and like most new taxes or tax increases the government implements they try to make them sound attractive to get them in. Then we get screwed (governments need more money). Re how this will inflate the stock market Im not so sure re ASX but does not have a bearing on my views re other markets but agree with your point.
  • #4,827
  • May 31, 2016 3:12am May 31, 2016 3:12am
Crude showing some resistance around 50.
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  • #4,828
  • May 31, 2016 3:21am May 31, 2016 3:21am
Quoting squawk
{quote} Hi Chris, Yep its already had a good run on Asia so a pullback on the open is a good chance and hopefully holds and runs. I locked in so see what happens don't don't want to micro manage the position as think we might get some big moves.
Trade is looking good. Just found a few buyers at an abcd/127

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It's all about bucks, kid. The rest is conversation.
  • #4,829
  • May 31, 2016 3:55am May 31, 2016 3:55am
Quoting Lalu
{quote} Trade is looking good. Just found a few buyers at an abcd/127 {image}
Think the rest of the move today depends on what the cable will do if it follows through with some profit taking.

PS your charts are looking good Ben.
  • #4,830
  • May 31, 2016 4:18am May 31, 2016 4:18am
Thanks
It's all about bucks, kid. The rest is conversation.
  • #4,831
  • May 31, 2016 4:24am May 31, 2016 4:24am
Dax chart is a bit busier at least in microland it is - more moving parts. Cash market opened with a cypher, low was a cypher and a cypher will get you close to the open again. Above that there is a grown up bat and then a crab close to 2016 open.

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It's all about bucks, kid. The rest is conversation.
  • #4,832
  • May 31, 2016 4:56am May 31, 2016 4:56am
eu just hit a bat

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It's all about bucks, kid. The rest is conversation.
  • #4,833
  • May 31, 2016 6:02am May 31, 2016 6:02am
Quoting jen101
{quote} 18-30? You'll be too old next year. This came in whilst I was having a lie in this morning . Working GN down. I think yay, Brexit! Scameron is getting rumbled, finally. {image}
I know! there was quite a lot of older people there though, well into their 40's and 50's and drank like a fish

Chart watching today, easing back into it slowly.
  • #4,834
  • May 31, 2016 6:52am May 31, 2016 6:52am
EU
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #4,835
  • May 31, 2016 6:55am May 31, 2016 6:55am
Quoting squawk
{quote} Got a nice bang of so far. {image} {image}
Perfect squawk, retest.

Quoting Mr. Scott
GN/GA {image} {image}
The world you desire can be won. It exists.. it is real.. it is possible..
  • #4,836
  • May 31, 2016 8:22am May 31, 2016 8:22am
Here we go again
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  • #4,837
  • May 31, 2016 8:58am May 31, 2016 8:58am
Quoting jen101
Here we go again {image}
One reason why I love GN - it doesn't hang about.... kerching!
  • #4,838
  • May 31, 2016 9:00am May 31, 2016 9:00am
Quoting jen101
{quote} One reason why I love GN - it doesn't hang about.... kerching!
The world you desire can be won. It exists.. it is real.. it is possible..
  • #4,839
  • May 31, 2016 9:14am May 31, 2016 9:14am
Some Gn, eyes on sharks....

http://www.forexfactory.com/showthre...11#post8954511
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #4,840
  • May 31, 2016 10:12am May 31, 2016 10:12am
Brexit!!
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