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good job...get the big pips. that's always nice.
Dow Jones +144.00 12341.00 2/13 0:44am
hmm...can't watch it from here. I watch it at home later in the week if it's worth watching. Let me know so I don't waste my time! lol
here's an article supporting your view.
IMF would sell gold because European central banks won't anymore
http://www.gata.org/node/4761
There are quota's...this approval far exceeds the yearly quota of sales. IMF plans on selling gold because they are broke according to cash holdings. The reason for the sales are to raise cash. I still stick with my prediction of gold seeing 500 before seeing 1000.
Repost: Here's the article...
This could drive gold down quite a bit. Keep an eye on technical supports.
G7 approves IMF gold sales - Italy econ minister
http://in.reuters.com/article/businessNews/idINIndia-31847320080209?sp=true
Looks like the gold selling that I posted about the other day has begun! Massive selling.
The Cat has pulled off +100% for me! Good job!
you got a picture for everything!
Buffet news will probably be a temporary bandaid for cross/jpy....only temporary though imo
the fund turned out very well..however, my live account didn't fair so well, I haven't figured out why yet(just got out of bed) because I make the same trades, not the same size of course.
she better start growin' i got 10mil long in the fund. lol 150k long live
gonna have to be some massive aud/usd buying to boost aud/jpy becuase of the sell of in cross/jpy...specifically eur/jpy and gbp/jpy. I am long aud/usd, so I do hope for the above scenario.
eur/jpy H&S negated....
eur/jpy has confirmed an inverted head and shoulders that should be good for 156's at least...we'll see
i wish i could call myself an expert...i will one day though!
for the most part, my trades end up in the plus *eventually. If I can figure out better entries, i'd have it made.
when i get bored i'll go for the 1-10 pip trades. else i'm too lazy to work that hard. lol
try this one time...occasionally you'll get the big 150-200 pip trades. Once it's +40-50, just put your stop at break even and let it go. risk free...i do that often and it usually works out well. Once it get's to 100, move the stop to +20 or 40...etc.
you'll probably do much better huntin' the 20-40 pips. i may go back to that as i seem to make much more that way.
wow...what a boring night...hurry up 2am
eur/usd short as well.
Eur/jpy short, usd/cad short, aud/usd long...
mornin'
G7 approves IMF gold sales - Italy econ minister
http://in.reuters.com/article/businessNews/idINIndia-31847320080209?sp=true
long usd/chf 1.1020
dow update...for bragging reasons only...nothing new. hehe
Eww.."OPEC may abandon dollar for euro in pricing oil" i guess that's the cause of the eur/usd crazyness just a second ago.
i canceled my grid for now because it was starting at 95.60 and finishing down at 94.30. Seems out of reach for now....i'll reevaluate next week I guess.
reinforcing my usd/cad thinking is the fact that the 100 Day SMA is at .9900...may attempt to buy somewhere just above there with a stop just below.
Check out the Technical board I added some trade ideas there.
i like trading extremes...so i'm actually thinking about buying some usd/cad way down here.
aud/usd daily view:
oops...you already did it. lol
i had to add to your eur/jpy chart an analysis that I have NEVER done before, but it seemed quite obvious. Elliot wave.
eur/usd my daily view. If eur/usd can sustain this break of the 100 SMA and take out the three supports below, a longer term downtrend will be confirmed....first target being around 1.41 which will also be around the 200SMA. next target will be into oblivion.
my take on why cross/jpy just took a sh!t.
The dow looks to have broken south out of a fairly large consolidation pattern. A break of such is often equal to the move before entering the consolidation. Which is equal to about 200 points total starting at about 12242. Ending price of around 12000 even.
usd/cad stopped out last night...and another very badly placed eur/usd stop got me as well.
i just set up a shorting grid in aud/jpy...never tried it before so lets see how it works out. It consists of about 11 or so orders.
As long as it's monopoly money i'll sleep well. btw...USD/CAD looks to be f'ed!