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mfoste1 replied Mar 16, 2010I expect fed to be a bit dovish at meeting; high unemployment, bad housing data, bank issues= low rates extended period. I wouldnt doubt them mentioning some bs about growth, if that any type of hawkish comment back down to 3647. If its clearly ...
EURUSD
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mfoste1 replied Mar 16, 2010yea good call man....what reasoning did you go through to make the decision? technical? GU is a weird pair, behaves differently its a tough pair to trade imo. I generally stay away from it unless i see a meaningful technical trend backed by strong ...
The College Trader
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mfoste1 replied Mar 15, 2010yea from longer tf if appears to be turning....I might buy under 1100 around 93 on a spike.
EURUSD
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mfoste1 replied Mar 15, 2010regardless of which one, someones big options will get blown out this week, just gotta pick the right one!
EURUSD
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mfoste1 replied Mar 15, 2010The 4h candle close here at noon will tell a story....my shorter tf charts say bounce
EURUSD
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mfoste1 replied Mar 14, 2010no demand???? aud is a high yielding currency. On monday (US) moodys is supposed to warn US about debt and downside risk of losing AAA credit rating. Investors will buy higher yeilding currencies such as aud and nzd and gold. Look at a weekly chart ...
AUD/USD
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mfoste1 replied Mar 14, 2010yea im currently long eurchf ill add the lower it goes .... big intervention is imminent, i wouldnt doubt SNB to try and push it above 1.50 as that was the level that they previously endorsed. Extreme volatility will come along with it though.
EURUSD
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mfoste1 replied Mar 14, 2010yea....i generally dont trade based on elliot wave.... it tends to be rather hypothetical after the fact. However it can be used better i think in identifying longer, larger trends. But if you look at gold(it correlates strongly with au), gold has ...
The College Trader
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mfoste1 replied Mar 14, 2010ive already set buy orders here for au....im currently long a/j as well. im gonna buy oil futures on pullback next stop 86 bull pattern is very obvious in au
The College Trader
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mfoste1 replied Mar 14, 2010gold doesnt mean a thing when youve just died of thirst....3000 yrs ago water was abundant, people drank it from any natural source bc it was all clean(no pollution). Now over 1 billion people in the world are struggling to get clean water. Its sad, ...
EURUSD
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mfoste1 replied Mar 14, 2010clean water is the next commodity for future....CWCO very cheap right now i think, ill be buying some on a pullback
EURUSD
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mfoste1 replied Mar 14, 2010true, all gold is a store of value when uncertainty arises. I just cant see any other currency that they would use as main reserve.
EURUSD
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mfoste1 replied Mar 14, 2010chart says it all....weak shorts keep getting trying to short, longs take over and push price up....meeting and fed statement will most likely give good clues, however economy doesnt look good for any chance of rate hike in near future(more ...
The College Trader
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mfoste1 replied Mar 14, 2010chart says it all....weak shorts keep getting trying to short, longs take over and push price up....meeting and fed statement will most likely give good clues, however economy doesnt look good for any chance of rate hike in near future(more ...
EURUSD
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mfoste1 replied Mar 14, 2010lol — what are you talking about?!....thats about as possible as me walking out of my house right now and getting struck by lightning
EURUSD