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7bit replied Sep 11, 2011Did you see the chart I posted?
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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7bit replied Sep 11, 2011I am going to short silver now, and I hope it all plays out like below: image
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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7bit replied Sep 11, 2011I spent the Sunday meditating over the possible moves that are in *immediate* reach on the silver chart. Especially in the light of a suddenly exploding US dollar (Liquidity crisis, carry unwinding, bubble bursting everywhere, etc). Plotting the ...
Bearish Gold thread / Bubble implode thread
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7bit commented Sep 7, 2011And regarding all this "safe haven" nonsense talk that can be seen all over the place lately: just a reminder: "safe haven" does NOT mean what should a forex speculator play next week to make maximum short term profit, "safe haven" means were do I ...
Swiss National Bank sets Minimum Exchange Rate at CHF 1.20 per EUR
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7bit commented Sep 7, 2011It seems they [SNB] don't have to print a single Franc to keep the price there. All that was neeed was the promise to guarantee the 1.2. Now the market is doing the rest. It can now safely be used to fund carry trades. EURCHF long has positive ...
Swiss National Bank sets Minimum Exchange Rate at CHF 1.20 per EUR
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7bit replied Sep 4, 2011The videos demonstrate the problem. The only noteworthy thing I have found so far is this (the examples on this website): url Everything after the red line is out-of-sample. The first plot is from last year, the second plot was made recently with ...
Synthetic hedges, cointegration, mean reversion and similar stuff
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7bit replied Sep 4, 2011What's the smallest possible trade size on Oanda's MT4? Is it really 100 units? I can vaguely remember reading somewhere it was 1000 units. On their Java platform you can trade as small as 1 unit but MT4 is somehow restricted to certain minimum lot ...
Metatrader broker with $100 lots?
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7bit replied Aug 30, 2011beeb, If you read my postings carefully you will notice that everywhere where others might have put words like "It will" I have always written "It might". I am not calling the top, I am calling the *possibility* of a top and this is only one of the ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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7bit replied Aug 29, 2011This "want to own it" only because people see it going up and up forever and no other fundamental justification than excessive demand due to the herd behavior is exactly the main driving force of a bubble. You have practically admitted yourself that ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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7bit replied Aug 29, 2011It might be worth noting that when you look at a daily chart, whenever gold made an outstanding new high with a significant retracement (significant enough to prominently stand out on the daily/weekly charts) it has given the bulls on average two to ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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7bit replied Aug 29, 2011If this really forms a H&S (what I firmly believe) with a neck line around 1700 and then this huge 210$ h&s will be broken this would project a target of another 210$ + lower to the 1480$ level. 1480 could then serve as the neckline for an even ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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7bit replied Aug 29, 2011Ok, I will break the silence: image

XAU/USD & XAG/USD - Gold & Silver Traders Thread
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Bearish Gold thread / Bubble implode thread
Started Aug 27, 2011|Trading Discussion|40 replies
This thread is here to enjoy and celebrate the downhill race on the eastern slope of Gold ...
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7bit replied Aug 24, 2011This depends on the definition of "wiped". If my account were down 80% (like yours from from 370 to 70) then I would call it wiped.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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7bit replied Aug 22, 2011You wanted to say: Exponential function, not parabolic, since parabolic is something completely different.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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7bit replied Aug 20, 2011something seems wrong in the markets — The gold/silver ratio is currently around 43. I am watching this since a while now and still not totally sure what to think about this. Look at this chart: image The general theme seems to be that when ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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7bit replied Aug 6, 2011Oanda did not trigger any orders there, otherwise my Profit target would have been hit.
Its not visible on their Java platform (I posted a screenshot). What you got there is a glitch in the matrix, a view into the future, you were not supposed to ...EURUSD
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7bit replied Aug 6, 2011Oanda is showing movements during the weekend, this does NOT happen very often (almost never). Gold seems up and EURUSD too.
EURUSD