Hi folks (if anyone remembers me :-) ), back after ~3week break (travelling :-) and then sick :-( ). Good to be back, although hard getting back into it, getting the "feel" of the market.
I see that we are still bearish Euro, and sort of bearish gold, and fairly bearish GBP/USD. Was surprised (in my absence) at cable's little turn of strength around 16/17th March, but we seem to be in bearish territory again.
So, what's happened to PippedOff? Has he gone and got himself banned or something? Seems quiet without him.
How did the London seminar go, for anyone who went? Will there be another?
I've been away (from the country and trading) for about 3 weeks (from 7/8 March). Regrettably I had to leave some positions on although I would have preferred not to. I'm pleased to see most of my short gold and EUR/USD positions came good.
Was a little surprised to be stopped out of GBP/USD on 17th March around 1.53-somthing, which looks like it was near the high of that period.
Can anyone quickly sum up what was going on then and why the pound strengthened?
Overall, I am just about "up" on the trades I left although I will try never to leave trades open unwatched for such a length of time again.
I wasn't watching while I was away, but without trying too hard I could see gold was going in "my" direction, and naively hoped that GBP/USD was more or less doing the same. Just goes to show that assumptions are fatal in this business as in others.
@VIK: Funnily enough, that's where I'm going, although it's nothing to do with soccer ... which I have almost no interest in .... even if we did invent it....and are best at it in all the world ... :-)))))))) (Rugby too, you bunch of ****) (Only joking...it's the weekend...). Take care guys and ladies, and really good trading, all, even RKK :-)) (no hard feelings mate, eh?).
FWIW, I (almost) never look at anything less than a 1H chart. Occasionally a 15 min just to get the "feel". PPT? Maybe ... something sure is going on around the times PippedOff talks about. GPB/USD often moves with a predictable-ish pattern, as Ashraf has indicated many times.
Although I don't (necessarily) believe the past is any guide to the future, if you can spot a pattern that others haven't spotted (or exploited), it could be your personal gold mine. Don't expect it to be bottomless though.
Good trading all. I won't be around for a while, but I'll be back! (I hope....).
We don't really discuss the stock market much here, but surely to goodness, the stock market is in a dream world? I mean what kind of fantasy is keeping it going? I certainly wouldn't be buying many stocks at this level.
Cable: For what it's worth, technically, I'd think that a bounce up to 1.535 might be possible. I'd expect fundamentals to inhibit that in practice though.
rkkasmir said: "Why is there a divergence between (aud.usd and nzd,usd) and gold? "
Go on then RKK, enlighten us. It would be about the first positive contribution you have made here in weeks, if not months. I think you need to step back and ask yourself why are you here. Or just step back.
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ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (12 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (12 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (12 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(12 months ago)
Gold and USDJPY
Weaker than expected CPI is expected to help gold and drag on USDJPY until this evening's Fed decision/press conference..
View Hot-Chart..
Good to be back, although hard getting back into it, getting the "feel" of the market.
I see that we are still bearish Euro, and sort of bearish gold, and fairly bearish GBP/USD.
Was surprised (in my absence) at cable's little turn of strength around 16/17th March, but we seem to be in bearish territory again.
So, what's happened to PippedOff? Has he gone and got himself banned or something? Seems quiet without him.
How did the London seminar go, for anyone who went? Will there be another?
I've been away (from the country and trading) for about 3 weeks (from 7/8 March). Regrettably I had to leave some positions on although I would have preferred not to. I'm pleased to see most of my short gold and EUR/USD positions came good.
Was a little surprised to be stopped out of GBP/USD on 17th March around 1.53-somthing, which looks like it was near the high of that period.
Can anyone quickly sum up what was going on then and why the pound strengthened?
Overall, I am just about "up" on the trades I left although I will try never to leave trades open unwatched for such a length of time again.
I wasn't watching while I was away, but without trying too hard I could see gold was going in "my" direction, and naively hoped that GBP/USD was more or less doing the same. Just goes to show that assumptions are fatal in this business as in others.
Thoughts about gold from here on in?
(Rugby too, you bunch of ****) (Only joking...it's the weekend...).
Take care guys and ladies, and really good trading, all, even RKK :-)) (no hard feelings mate, eh?).
GPB/USD often moves with a predictable-ish pattern, as Ashraf has indicated many times.
Although I don't (necessarily) believe the past is any guide to the future, if you can spot a pattern that others haven't spotted (or exploited), it could be your personal gold mine. Don't expect it to be bottomless though.
Good trading all. I won't be around for a while, but I'll be back! (I hope....).
Yours,
Montmorency the Pom.
rkkasmir said: "Why is there a divergence between (aud.usd and nzd,usd) and gold? "
Go on then RKK, enlighten us. It would be about the first positive contribution you have made here in weeks, if not months. I think you need to step back and ask yourself why are you here. Or just step back.