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09-28-2009, 11:47 AM
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If I'm right about my concerns for stocks below...then it means the carry trade currency pairs will tank too (CAD/JPY, etc.).
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09-28-2009, 11:04 PM
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Any chance oil could break $72 level this year?
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09-29-2009, 10:50 AM
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Quote:
Originally Posted by tradehard
Any chance oil could break $72 level this year?
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tradehard, this is my personal opinion...but I think oil heads much lower overall into the end of the year.
Oil has broken down, CAD has broken down...USD is strengthening...all are bad signs for "oil bulls".
Thanks for posting. I hope to see more posts from you here and elsewhere within the trading community.
Welcome!
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09-30-2009, 10:57 AM
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Gold jumps back to $1,000 an ounce today!
Gold jumps back to $1,000 an ounce today!
Gold was up over $10 an ounce at one point this morning.
CFD traders take note!
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10-01-2009, 12:22 PM
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update on oil and gold for you CFD traders out there.
Happy trading!
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10-02-2009, 11:38 AM
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Oil continues to break down as the dollar stays well supported so far.
MACD continues to look bearish on oil.
CFD traders may see the "highest probability trade" in being short.
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10-05-2009, 11:29 AM
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Dollar is currently weakening ...so see if gold can break higher out of this bullish flag formation.
CFD traders, be on alert!
On the other hand...even with a weakening dollar, oil can't seem to catch a break. So if oil is weak as the dollar is weak too...that's really bearish for oil.
Gold could rocket higher in the near term but oil may slump. That's my take at least.
See what you think.
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10-06-2009, 09:01 AM
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The useless relic reached an all time high today in US dollars!!! How's that nay sayers!!!!!
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10-06-2009, 11:25 AM
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Quote:
Originally Posted by speculator84
The useless relic reached an all time high today in US dollars!!! How's that nay sayers!!!!!
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speculator, actually it's a genuine gold move, more than just a play on dollar weakness.
How can we tell...you can benchmark it against other currencies (in terms of euro, pounds, etc. and see).
So yes, it's benefiting from the fall of the dollar, no doubt.
However, it's not exclusively rising just against the buck. It's also rising against many other "rising currencies".
See them below.
Thanks for posting here, Speculator. I appreciate that. Seriously. Glad to see you joining in.
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10-06-2009, 11:58 AM
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The best part was.....
On the forex news feed while gold was floating around 1020 those geniuses who comment said this about gold...
..To be clear for every contract short gold there are 15 long contracts! That's definitely a one sided market!..
I almost wanted to reach across the screen and yell "you fools!!! when all the debt in the world is less than the value of all the gold...THEN you would have a one sided gold market..."
The sellers of gold are now fighting a 100 trillion dollar market. Gold will balance the worlds debt market as the only store of value for the worlds trillions of IOUs!!!!!
In fact a market making all times highs needs a constant influx of open interest and a "one sided market", if it didn't it would be range bound.
Last edited by speculator84; 10-06-2009 at 12:00 PM..
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10-06-2009, 04:32 PM
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Quote:
Originally Posted by speculator84
The best part was.....
On the forex news feed while gold was floating around 1020 those geniuses who comment said this about gold...
..To be clear for every contract short gold there are 15 long contracts! That's definitely a one sided market!..
I almost wanted to reach across the screen and yell "you fools!!! when all the debt in the world is less than the value of all the gold...THEN you would have a one sided gold market..."
The sellers of gold are now fighting a 100 trillion dollar market. Gold will balance the worlds debt market as the only store of value for the worlds trillions of IOUs!!!!!
In fact a market making all times highs needs a constant influx of open interest and a "one sided market", if it didn't it would be range bound.
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speculator...yeah I've seen some pretty crazy head lines recently too. I think some of it is from hiring reporters too young that have NO trading experience at all and just got out of college and started reporting on a market they know very little about. hehe!
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10-07-2009, 08:00 AM
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I guess I should contribute to the action...
Looking ahead for today, any dips into the 1035-40 range I'll be buying.
We're in a very powerful and stable up move.
This chart shows, elloit wave, a gann box and fib projections off the recent pivot (Wave 2).
The thick redline accross the screen is the daily breakout point, drawn from the last 3 big tops. A retest here would be better sooner than later....this is @ $1025.
Scaled buying into $1025 and stop just below 1000 is a pretty nice play here for this setup.
We've smashed through the 1.618 projection, final destination is higher...
I'll also throw out there that there is a delta turning point due very soon (within 2 days) so time is limited.
Last edited by speculator84; 10-07-2009 at 08:12 AM..
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10-07-2009, 10:30 AM
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Quote:
Originally Posted by speculator84
I guess I should contribute to the action...
Looking ahead for today, any dips into the 1035-40 range I'll be buying.
We're in a very powerful and stable up move.
This chart shows, elloit wave, a gann box and fib projections off the recent pivot (Wave 2).
The thick redline accross the screen is the daily breakout point, drawn from the last 3 big tops. A retest here would be better sooner than later....this is @ $1025.
Scaled buying into $1025 and stop just below 1000 is a pretty nice play here for this setup.
We've smashed through the 1.618 projection, final destination is higher...
I'll also throw out there that there is a delta turning point due very soon (within 2 days) so time is limited.
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speculator, thanks for providing your thoughts and chart on gold. I appreciate that.
Man, that's a lot of lines. haha!
Hey, here's Dennis Gartman's thoughts on gold: Dennis Gartman video on Gold: Bloomberg News
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10-07-2009, 10:55 AM
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Quote:
Originally Posted by Sean Hyman
speculator, thanks for providing your thoughts and chart on gold. I appreciate that.
Man, that's a lot of lines. haha!
Hey, here's Dennis Gartman's thoughts on gold: Dennis Gartman video on Gold: Bloomberg News |
lol I know, it takes awhile to get used to it. But the GANN lines are great for strength of the move, price time relationships and pullback support. Fib lines are just projections. |
10-07-2009, 12:48 PM
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Quote:
Originally Posted by speculator84
lol I know, it takes awhile to get used to it. But the GANN lines are great for strength of the move, price time relationships and pullback support. Fib lines are just projections.
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Speculator, thanks for being such an active poster within the trading community.
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