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8683 Posts Total by "daveo":
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DaveO
(N.Cornwall, United Kingdom)
512 Posts by Anonymous "daveo":
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DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 6, 2010 13:54
In Thread: GBP
looking like bad news out of US, DX recent correlation maintained. i.e DX up
DaveO
UK
Posted Anonymously
14 years ago
Oct 6, 2010 13:13
In Thread: GBP
and I agree my sym level at 5935 is merely a potential reaction level (proven) These reaction levels help me to take profit at what I consider logical targets for my specific trading timeframe.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 6, 2010 13:10
In Thread: GBP
Don't worry SB, no need to repeat, I have all your observations written down :-)
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 6, 2010 13:07
In Thread: GBP
Chartvuze. First jobbie is to take out potential resistance at 1.5997 previous high on daily chart. Then we have potential resistance levels at 1.6055 and c.1.620/22. Next resistance above is at very important 78.6% fib level at 1.644. If price breaks that level I start coming into line with Subway bias for test of 1.7046 level
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 6, 2010 12:56
In Thread: GBP
hehehehe. Context gentleman, Context.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 6, 2010 12:44
In Thread: GBP
Meanwhile my 1.5936 symmetry level has proven resistance :-)
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 6, 2010 11:42
In Thread: GBP
Pundits/carnival barkers get way ahead of themselves. Best to ignore and focus upon current market dynamics. All markets can turn on a dime and right now the short term fundamentals are a little over the top for me personally so I revert to what price is telling me on the charts. To predict GU to 1.70's at this point in time is pretty ignorant imho.
DaveO
UK
Posted Anonymously
14 years ago
Oct 6, 2010 11:01
In Thread: Gold/Oil Ratio Signals & Latest QE Path
U way above my head Ashraf but still struggling through your book to find the datum points. Meantime thx for all your hard work.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 5, 2010 22:34
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
Back in Greenspan days I always used to think the eco stats were massaged at will. We also had the PPT at the CME (Fed plunge protection team). There are times when that wary feeling returns and this is one of those times. A currency battle feels in the making.

Stops have the power to set us free. Always know where your trade entry idea is invalidated and admit you were wrong.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 5, 2010 21:24
In Thread: USD
I like watching Ashraf handling the carnival barkers when he is in top form. They are left almost speechless when all they wanted to know was what to buy.
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