EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
Friday's $2431 high in gold consisted of a 21% rise from the Feb 14th low. Such percentage extensions from key lows or/and technical levels such as the 200-DMA, could flag crucial opportunities for partial/full profit-taking. Watch here.
Bitcoin versus Miners Performance
As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners...
View Hot-Chart..
If your robot is soooooo good (very low drawdown and excellent returns) then why are you going through all the hassle of finding affiliates and selling it?
If I had a robot that was sooooooo good this is what I would do:
1) I would keep it for myself and I would keep quiet about it.
2) I would trade it myself with ever increasing lot size and I would make an easy fortune just like that.
You know it's much easier to go 'click-buy' then later go 'click-sell' and make money that way rather than going through all the hassle of finding resellers for your product.
Unless of course your robot is not THAT good lol
And for anyone not familiar with Metatrader, it is very very very easy to make live/demo statements say whatever you want and make any robot/indicator look like it is the holly grail.
You've been warned.
Looking at the time stamps on your post (15.33):
1) you would have got an opportunity to buy at 3320 around 22.15 but the euro went down to 3280 after that (needed a 40+ stop loss for that)
2) if you bought on the way up at 03.22 your trailing stop would have been hit at 04.33 (20+ retrace)
3) in your last post at 06.58, the euro had gone as high as 3434 and retraced to 3404 (30 pips)
Are these new top of the range trading techniques that nobody has heard of ?
PS: congratulations on your 2nd short Crude trade though
It's a good link as to why Brent went up early on in the year but it says nothing about the spread; on 14th October, the spread was still $27+ and it went as low as $8 last week: that's a $19 (1900 pips) move in little over 6 weeks.
I saw something in ZH on the 16th November about some re-routing of Crude (Wtic) in the US that increased the move on the day quite dramatically but by then it was already down to $13
http://www.zerohedge.com/news/crude-passes-100).
If someone has any idea or link or historical research to explain the compression, please post it in here.
Thanks in advance
Regarding your constructive post about the 70.7 Fib on Crude, would you be looking at the 100.90 area (from 103.36/94.99) for a possible short ?
If the UK was the last country to still drive on the left I would have said that yes, economically at least (no more left-hand drive cars to manufacture), it could happen, but as 1/3 of the people of the world and 1/4 of the miles/kilometers driven are still on the left, then it won't happen.
And this is before you take into account the monumental opposition that there is to such a change and no party in power would ever risk imposing it.
So, found yourself something else to dream about as this is a non-starter.
not sure what b. is about but prob irrelevant
1) there is still some fairly strong anti-German feeling in the UK (for lack of a better word)
2) the more right-wing side of the Conservative party has been trying to get this referendum to take place
3) with that story emanating from a traditionaly right-wing newspaper (the Telegraph) i take this view....
---> if you want to put pressure on the Conservative govt, then what better way to do it than by promoting the idea that Germany will try to stop it happening ("those naughty Germans again") as it's an easy way to mobilise the general population that way, ie, "well if the bloody German are trying to stop it then we MUST have a referendum for sure".
Anyone else in UK see it that way too?