Is there a 2ndECN ? Attention: DaddyBear's cartoons are merely the reflections of members' debates or messages in this forum. Please do not take them personally or seriously.

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Yuan Posts Biggest Ever Quarterly Fall Versus Dollar "China's spot yuan posted its largest quarterly decline against the dollar on record in April-June as the Chinese economy slowed and Europe's festering debt crisis pushed the U.S. currency ...

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China June Official PMI Hits 7 Month Lows "It was the lowest reading since November, and economists expect things to worsen." url The actual number could be worse. IMO.

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The problem is that China is both Communism and Capitalism systems now. So based on our views, China will not keep going and going indefinitely either way.

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FYI. url As of 2010, China was the top coal production nation (48.30%) and Australia was No. 4 (6.30%). China imported coal when its economy was expanding. When its economy is contracting, not recession, the domestic coal production will be ...

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My two cents as well. I would not bet on such a thinking of "China wont see a recession in your lifetime." based on my longtime study of China. 1. It depends on how old a person is and the life expectancy is in his country. 2. China is not a very ...

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RB, thanks for your reminder. I do know personal feel has no weight in the market. My message was that China's data is not reliable. This issue was reported by NY Times recently.

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I am not familiar with India; therefore, I have no comment on your feedback. China was our focal point not India. I have never believed China's data. Do you believe an authoritarian government would release anything reliable? This year is ...

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Sorry for overlooking a portion of your message. The reason why I had that wrong-size impression was because something was not adjusted proportionally. While increasing MA from 20 to 480 to reflect the scale change of TF, you still kept the same ...

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FYI. Re: China falsifying economic statistics to disguise true depth of troubles http://defenceforumindia.com/forum/china/38073-china-falsifying-economic-statistics-disguise-true-depth-troubles-economists-3.html Use this info as second opinion.

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This reminds me the story "Wolf's Coming". Finally, the wolf really showed up.

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Jayjb, FYI, the following link is an analysis of Aussie by Ilya Spivak, Currency Strategist, Daily FX. url

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I see your point. Your chart is really inspiring. The daily and weekly pivots are pretty close. It has some meaning to me. Is it feasible the monthly pivot will be tested next week? The agreement of European Summit was not a signed document. If ...

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I think the red line is more suitable for longer term trading purpose. For daytrading, the yellow line may be more useful. IMHO.

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FYI, I am in the US EST zone. I see TFs somewhat differently. A small TF is a blow-up of a larger TF. To me, there is no conflicts between two TFs. Now, you use the same indicator with the same parameters on two TFs. As a papa, I would not ask my ...

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By the way, what SMA is that yellow line? What parameter do you use for the envelope?

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irfandbl, good morning to you in Indonesia. You have legitimate and sound reasons. I have no doubts about your right to believe so. However, if you look into your chart with a magnifier, you would see the following facts: 1. What if you use the ...

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Thanks, Aldente. However, DaddyBear cannot comment on this matter because he was not authorized to speak to the public.

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Here is an example. I held long positions of Aussie before 6:42 PM EST, 06/28/2012. When knowing a member holding short positions, I sent an alert PM to him at 6:42 PM EST. He replied to me with a lot of legitimate reasons to short. Three hours ...

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This is what I am thinking. The All Mighty set every market move long time ago. This is the certainty. However, as human beings, we cannot see into the future. Under this situation, probability comes to play. IMHO.

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