Thread: Discuss Commodities and Stock Market Indices

im looking for these ftse cac and daz indicies to bounce tomorrow
look at the bottom of each 4 hr chart here
My indies at bottom of chart are telling me that the low if not already in on each indicie then will not be long.

a decent 4 hr candle turn and equities should and could storm up to cover 50% of there losses

we all seen it in endicies where brokers and stock buyers but company stocks on the cheap

dip buying on stocks/indicies when the 'news' starts to fade and tech play takes back over again

London session review and outlook May 14 - 2012
Review of markets covered in today's edition of Bulls vs. Bears: EUR/USD, GBP/USD, AUD/USD, FTSE100, S&P500, Gold, Brent Crude and WTI.




Regards

Alejandro Zambrano
Currency Strategist | DailyFX Forum (London)
azambrano@fxcm.com

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Originally Posted by Gregory McLeod

Raining Pips or Water or Both?

lol both Greg. weather here in uk is just rain rain rain.....I long for the sunshine

Originally Posted by cw1

lol both Greg. weather here in uk is just rain rain rain.....I long for the sunshine

Nice! (raining pips) Not so nice (Sunshine Deprivation). Does this do anything to solve the drought?

Originally Posted by Gregory McLeod

Thanks for sharing vrshaiju! How do you keep track of so many positions? What is the maximum number of positions/currencies you have traded at one time?

It is getting simple with fib patterns and MACD,CCI & Stochastic Divergence using 4H timeframe. I started trading only Gold. After a big fall from $1785 to $1695 in a single day I was very confidence on its analysis. I am pretty sure that cable and Euro will follow that fall. So I added those two in my portfolio.. I knew that USD/CHF & EUR/USD react like two beauties in a same cage... So I added USD/CHF into my portfolio.. Natureboy's CD theory brought me to pay attention to USD/CAD as well.. There are two will be added in near future that will be silver and oil.. "Slow and "study".....win the race"

Originally Posted by cw1

im looking for these ftse cac and daz indicies to bounce tomorrow
look at the bottom of each 4 hr chart here
My indies at bottom of chart are telling me that the low if not already in on each indicie then will not be long.

a decent 4 hr candle turn and equities should and could storm up to cover 50% of there losses

we all seen it in endicies where brokers and stock buyers but company stocks on the cheap

dip buying on stocks/indicies when the 'news' starts to fade and tech play takes back over again

amen to that, im keeping my long from 5442 for the next few days.

Originally Posted by vrshaiju

It is getting simple with fib patterns and MACD,CCI & Stochastic Divergence using 4H timeframe. I started trading only Gold. After a big fall from $1785 to $1695 in a single day I was very confidence on its analysis. I am pretty sure that cable and Euro will follow that fall. So I added those two in my portfolio.. I knew that USD/CHF & EUR/USD react like two beauties in a same cage... So I added USD/CHF into my portfolio.. Natureboy's CD theory brought me to pay attention to USD/CAD as well.. There are two will be added in near future that will be silver and oil.. "Slow and "study".....win the race"

Thanks for sharing your insights! I wish you success in your trades! I am finding out that more and more traders use the old traditional indicators with just a slight twist with wave counting. Natureboy has a nice system for viewing the markets as well.

Originally Posted by cw1

lol both Greg. weather here in uk is just rain rain rain.....I long for the sunshine

In Texas, it's so dry the trees are bribin' the dogs. We would love for you to export some of your UK rain!

Originally Posted by Gregory McLeod

Nice! (raining pips) Not so nice (Sunshine Deprivation). Does this do anything to solve the drought?

yep it will do shortly--- my mate who lives opposite has moved here from australia and he is like well damn not happy bunny plus he is very very long aud ......oops

Originally Posted by Gregory McLeod

Thanks for sharing your insights! I wish you success in your trades! I am finding out that more and more traders use the old traditional indicators with just a slight twist with wave counting. Natureboy has a nice system for viewing the markets as well.

Why we have to get away with proven classic indicators which is doing the job beautifully... Old is gold.. Greg I haven't see much on gold scalping tutorials from you. you showed us wonderful technique in pip'n'run.. Do you think commodities are not good for scalping?

Up until the recent elections in Greece and France I have been extremely bullish, but that view is on hold. In my opinion the elections were a game changer, and the short and intermediate term is very unpredictable. I still believe longer term there will be recovery and expansion fueled in large part by inflation. Before that we could see a re-run of 2008 as the Euro breaks up and the banking system comes under immense pressure once again prompting more massive money printing.

Originally Posted by c

Gold investors are the least optimistic in 5 weeks as due to political problems in Europe. All gains of 2012 have been lost recently as investor turn to USD seeing stronger-than-expected US economic growth.

Gold had risen 14% percent to $1,792.70 by Feb. 28 on the Comex in New York, before falling to $1,585 today.

Bullion reached a record $1,923.70 in September 2011. Prices have since fallen as as the USD became the safehaven asset. Barclays lowered its 2012 forecast by 8 percent to $1,716 yesterday because of political problems and mounting debt in Europe and concern that Asian (especially Chinese) economy growth will continue to slow.

source: Gold

Welcome to the forum Mariorot

Interesting

Marc Faber


The Case For a 1987 Like Crash


Yes, if you look at the statements by corporations, it is very clear. Earlier on, you had a commentator who said the exports to Europe from the U.S. are irrelevant. I agree with that. What is relevant are the businesses of American corporations in Europe and the earnings they derive from these businesses. That is definitely slowing down. The revenue growth is slowing down and, in my view, you will have more and more corporations that report earnings that are actually good but they do not exceed expectations...

The bottom line is I think the market will have difficulty moving up strongly on less we have a massive QE3 and if it moves here and makes the high above 1422, the second half of the year could witness a crash.

A crash, like in 1987...because the market would become technically very weak. I would expect the market making a new high. If it happens, it would be a new high with very few stocks pushing up and the majority of stocks have already rolled over. The earnings outlook is not particularly good because most economies in the world are slowing down. People focus on Greece but Greece is completely irrelevant. What is relevant are two countries -- China and India -- 2.5 billion people combined. They are a huge market for goods and these economies are slowing down massively at the present time. - in Bloomberg

I like Faber, funny chap, though he's been bearish since 2007 at least, and banging on about his pet subject, the end of the US. If you'd asked me 12 months ago, I'd have thought Europe would have pulled this off even though I have been somewhat of a "Euro Sceptic" from the beginning.

I agree that Greece is irrelevant in the grand scheme of things, its importance was as a test case for how the Eurozone would cope with a relatively small problem, an early warning of things to come, and its exit from the single currencey will likely mark the beginning of the swift endgame for the Euro

The next country of significance which has largely escaped the media glare, the 800 lb gorrilla in the room is Spain. With approximately 25% unemployment and rising, the Spanish electorate are not going to take too well to being in the spotlight and having Berlin and Brussels telling them to tighten their belts. The elections in Greece and France showed that the electorate want the "easy" way out of this mess, devalue and print, and they cannot do that whilst being part of the single currencey. Any political party with aspirations waiting in the wings is aware of this.

Greece is the poster child for where all these ailing Eurozone economies will go eventually if they remain in a rigid single currencey with Germany, whom they have no hope of competing with. The only question remaining as far as I am concerned is how the global financial system will react in the wake of all this upheaval.

1540 looks OK to me..Maybe a retracement at around that point.....