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Posts by "montmorency"

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678 Posts Total by "montmorency":
604 Posts by member
montmorency
(Abingdon, United Kingdom)
74 Posts by Anonymous "montmorency":
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montmorency
UK
Posted Anonymously
14 years ago
Apr 13, 2010 18:15
In Thread: EUR
@Rrose: At what stage could you have "predicted" Friday's move using Elliot Wave?

Bear in mind that there were plenty of rumours leading up to the weekend and the mood of the market seemed to be bullish on the hope and expectation of an agreement. Some sort of a move up was pretty much telegraphed.

@Shane: I agree about the short term moves and what Ashraf refers to as "Noise". For shorter term stuff and entries and exits I do tend to get a little more technical, although a lot of it is kind of gut feel stuff rather than really technical.
montmorency
UK
Posted Anonymously
14 years ago
Apr 9, 2010 18:59
In Thread: Gold & Silver's Dead Cat Bounce
Where is PippedOff when we need him...
montmorency
UK
Posted Anonymously
14 years ago
Apr 9, 2010 17:40
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
@Asad: I tend to agree with your analysis and synthesis, and would tend to do myself that which you recommend. However, what is the advantage in reducing one's short average?
montmorency
UK
Posted Anonymously
14 years ago
Apr 9, 2010 16:38
In Thread: GBP
@Pty yes definitely EUR doing well across the board today, presumably because of the bailout.
There must be vested interests in buying Euros for somebody.
montmorency
UK
Posted Anonymously
14 years ago
Apr 9, 2010 12:22
In Thread: Commodity FX (CAD AUD NZD NOK)
EUR/CAD suddenly got interesting. (11:00-12:00 BST).
montmorency
UK
Posted Anonymously
14 years ago
Apr 8, 2010 11:09
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
There seems to be no shortage of gold rumours at the moment, e.g. see the recent blog from Chris Vermeulen for a reference to the gold price manipulation story, or Zerohedge for even more lurid stories (if you take ZH seriously...). We should not be surprised; gold is an emotive subject for some people.
montmorency
UK
Posted Anonymously
14 years ago
Mar 4, 2010 22:20
In Thread: Commodity FX (CAD AUD NZD NOK)
@littlesnow: Hadn't seen a Finnish flag on here before! Welcome to the Forum.
Yes, commodities are tricky beasts.
montmorency
UK
Posted Anonymously
14 years ago
Mar 3, 2010 18:37
In Thread: GBP
Cable: While I'm not saying it can't go higher, I notice that after 2 days, it still has barely made it back to the levels before its sharp fall of Monday 1st. Not like the Euro (which probably has cleverer politicians speaking for it - or maybe not so clever, if what they secretly want is a weak Euro.
montmorency
UK
Posted Anonymously
14 years ago
Mar 3, 2010 10:37
In Thread: GBP
While I'm not confident about gold (I've always opined that it is a "special case"), I _am_ moderately confident that the pound will go down from here. We expect to get bounces and I'm only surprised we've not had one sooner after its recent sharp fall.

For what its worth here is a view from The Guardian newspaper from 1st March:
http://www.guardian.co.uk/business/2010/mar/01/viewpoint-pound-v-dollar
montmorency
UK
Posted Anonymously
14 years ago
Mar 3, 2010 0:55
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
I honestly have no idea what gold is going to do from this point (wishful thinking aside).

However, someone earlier warned us to look back and see what happened on 1st Feb.
True, but then look what happened on the 4th of Feb.
The market will decide.

Off-thread, but since Euro has been mentioned, I agree with Xaron that the weekly bars could be interpreted as bullish, and on that basis I could see a bounce up to the 1.38 area before a plummet down to the 1.30 area.(via 1.34 and 1.32).
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