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  • #1,099,401
  • Mar 26, 2017 7:59pm Mar 26, 2017 7:59pm
Quoting Prospect
{quote} I guess people believe GOLD is the best investment, because once all FIAT currencies hit 0 then it will be GOLD that will be used to exchange goods. That is what most assume!
One word: Yams

  • #1,099,402
  • Mar 26, 2017 8:15pm Mar 26, 2017 8:15pm
Quoting Prospect
{quote} I guess people believe GOLD is the best investment, because once all FIAT currencies hit 0 then it will be GOLD that will be used to exchange goods. That is what most assume!
Probably. But I'm talking more in terms of recessions and depressions and just overall saving money. During a depression, the last thing you want to be doing is exchanging all that gold you bought at an expensive price before the depression. In fact, you want to be doing the exact opposite. You want to be buying gold while everyone is selling it, and hoarding it so that you can sell it again when the value goes back up. Having assets like real estate that you can lease out to people without giving up ownership of the asset itself is much better in my eyes.

If the value of all fiat currencies goes to zero, odds are we will have larger problems than "what do we use for currency now?" Everyone will still need shelter though. So if you're able to offer shelter to people, you will effectively have a universal currency to buy all of the other things you need. Food perishes. Shelter, not so much.
  • #1,099,403
  • Mar 26, 2017 8:21pm Mar 26, 2017 8:21pm
On another note, that's the third time we've tested 1.085 on the 5 minute. I'm anticipating a drop down to 1.082 before tomorrow morning.
  • #1,099,404
  • Mar 26, 2017 8:58pm Mar 26, 2017 8:58pm
Quoting diana91
Rawwwwr!!! Denied by the daily resistance once again! Bears are still here and they are waiting their momement. {image}
https://www.screencast.com/t/5OQUMe21Ex
STAY HUNGRY STAY FOOLISH
  • #1,099,405
  • Mar 26, 2017 9:13pm Mar 26, 2017 9:13pm
Quoting ritmorhythm
{quote} https://www.screencast.com/t/5OQUMe21Ex
I would say a little more the other way around ,,,,,,bears denied by daily support ,,,,,,but thats just me .
Attached Image (click to enlarge)
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  • #1,099,406
  • Mar 26, 2017 9:44pm Mar 26, 2017 9:44pm
.0850 seems a strong resistance level, a lot of shorting is taking place which might push the prices a little upward, however a pull back to .0828 is valid , i was waiting to see this resistance formation and looking for the right opportunity to enter for gap filling
  • #1,099,407
  • Mar 26, 2017 9:46pm Mar 26, 2017 9:46pm
I am long on this, but I'm not so sure if EUR strength is real. So far, it seems like the movement is from USD being weak af. I want this to cross 1.85 convincingly and stay above, before we can confirm the EUR is now the currency to go into. Just my thoughts.
  • #1,099,408
  • Mar 26, 2017 9:48pm Mar 26, 2017 9:48pm
Quoting KovanTrader
I am long on this, but I'm not so sure if EUR strength is real. So far, it seems like the movement is from USD being weak af. I want this to cross 1.85 convincingly and stay above, before we can confirm the EUR is now the currency to go into. Just my thoughts.
As pathetic as the dollar index looks , may be a time when it is just dollar weakness driving everything
  • #1,099,409
  • Mar 26, 2017 9:52pm Mar 26, 2017 9:52pm
1.0864 then down?
  • #1,099,410
  • Mar 26, 2017 9:55pm Mar 26, 2017 9:55pm
Quoting Nightingales
1.0864 then down?
Many people seem to believe so, at least social traders. I think bears the last 2 months have been hurting greatly. When will they decide to change direction?
Let us talk forex.
  • #1,099,411
  • Mar 26, 2017 9:57pm Mar 26, 2017 9:57pm
Quoting Prospect
{quote} Many people seem to believe so, at least social traders. I think bears the last 2 months have been hurting greatly. When will they decide to change direction?
yap... it may also go up further
  • #1,099,412
  • Mar 26, 2017 10:01pm Mar 26, 2017 10:01pm
Quoting Prospect
{quote} Many people seem to believe so, at least social traders. I think bears the last 2 months have been hurting greatly. When will they decide to change direction?
Be time to start looking for shorts when they do ,, just the way it works
  • #1,099,413
  • Mar 26, 2017 10:07pm Mar 26, 2017 10:07pm
sorry , fixed the last post, not longs ,,,,,,,, shorts when they do
  • #1,099,414
  • Mar 26, 2017 10:14pm Mar 26, 2017 10:14pm
Quoting digger1
sorry , fixed the last post, not longs ,,,,,,,, shorts when they do
no problem... important is, the SL, where should we put it... it's far
  • #1,099,415
  • Mar 26, 2017 10:22pm Mar 26, 2017 10:22pm
Quoting nairate
EUR/USD Weekly Price Map {image}
Starting to build long positions @1.0835 SL1.0785 TP1.0895
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 58 KB
  • #1,099,416
  • Mar 26, 2017 10:25pm Mar 26, 2017 10:25pm
And yes even here you can assess a few clues .
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  • #1,099,417
  • Mar 26, 2017 10:30pm Mar 26, 2017 10:30pm
At the very least if your just trading not to lose , let the next week or so pass , until the dust settles.
  • #1,099,418
  • Mar 26, 2017 11:04pm Mar 26, 2017 11:04pm
Quoting Nightingales
{quote} no problem... important is, the SL, where should we put it... it's far
Sorry just seen your post , I use a few different things but the easiest really is just a 24 ema average on an hourly chart ,,, ,,,,,,not sure where ya got in at but the 24ema is just an average daily price ,, pretty easy to keep track of
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  • #1,099,419
  • Mar 26, 2017 11:10pm Mar 26, 2017 11:10pm
good possibility it may not get touched again till tomorrow sometime ,,,,,,,,,,,, just depends on the frankie fakeout and when the london session volume comes in what they got in mind
  • #1,099,420
  • Mar 26, 2017 11:18pm Mar 26, 2017 11:18pm
There are some pressure building up to pull the prices down, going short till the gap is filled
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