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acidguy replied May 20, 2014image look like this baby is just about to collapse to $1277-$1280, have not seen a more bearish pattern in some time, im gonna trade the bounce up to maybe $1290 then this baby should continue it current trend.
Only Gold!
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acidguy replied May 19, 2014gold may in the future go to $2000 but right now, were having the opposites forces which sent it to $1800 , while those forces are in play gold is bearish, not strange to see $1100 at end of 2014 year if nothing weird in the world happens.
Only Gold!
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acidguy commented May 19, 2014wow first time in also 5 years that i read someone sure that "machine orders" have a strong effect on Yen, i though nothing had an effect on YEN but total speculation an Abbenomics.
USDJPY/Yen crosses move lower on better data/flight to safety
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acidguy replied May 19, 2014first trade of the week image it can rise a little bit more to $1303.50 , but confident in the right direction tp $1285, of course trading must be flexible, depending on price action position could be closed earlier. image
Only Gold!
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acidguy replied May 19, 2014there is some bearish momentum in GU but 1.63288 ? yes... in 2 months maybe.
Cable Update (GBPUSD)
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acidguy replied May 18, 2014i think you could get a better entry at 1299, look at H4 and still is green, ill enter another short when 2 red H4 candles appear, this alidgned with fundamentals but... technically i am seeing this pair go $1310 in the next 2 days.
Only Gold!
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acidguy replied May 15, 2014If there is a panic in China with some Housing Bubble collapse or credit crisis Gold will plunge as the demand will be reduced deeply, the chinese has been the No.1 factor of current High Gold Prices. in this scenario China will stick to fiat Euro, ...
Only Gold!
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acidguy replied May 15, 2014if u see just 30% of the picture look like in a little uptrend if you see the whole picture look like is about to collapse to new lows in the next 2 weeks. i bet the short term investors are scalping right now or in the sidelines as there is not ...
Only Gold!
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acidguy replied May 15, 2014my personal recommendation, start to hedge when u get some margin available, i think USD/JPY will go to the upside now it has touched support but Forex is 70% predictable, 30% random, 30% could win, minimize the risk as low as u can if it goes to ...
USD/JPY Discussion
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acidguy replied May 15, 2014well, good luck to ur counter trend trading, if even Ukraine has not been able to spoil gold, not much can stop the bearish momentum.
Only Gold!
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acidguy replied May 15, 2014we just broke below support, anyone knows what spilled this movement? cause EUR/USD has months moving besides fundamentals and the European data today has been pretty good.
EURUSD
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acidguy replied May 15, 2014when GBP desinflates + Euro, speculative Funds look like their prefered target is AUD, they can take it to irrational high levels, historical data will show ... still 0.95 targeted, maybe middle next week.
AUD/USD
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acidguy replied May 14, 2014first trade of the day, Gold price action look very confusing, supply and demand has found a very stable zone. image
Only Gold!
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acidguy replied May 14, 2014eur/usd is about to fly high, this will take aud/usd with it, im preparing to short at 0.9440 or what about waiting to 0.9600 ?? Australian Budget is very bullish to AUD.
AUD/USD
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acidguy replied May 13, 2014why short now when u can short later, you can wait for the Bulls to calm down a little bit, look at this chart, we were in a downtrend and upper line acted as a resistance, it was destroyed with lot of momentum, now were in a uptrend aiming for ...
AUD/USD
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acidguy commented May 13, 2014stock markets always will rise cause its the Hotel of Fiat currency to keep inflation low. drops always are temporary with Fed fixing problems just printing more money and saying USA is wonderland. everyone wins.
Is Wall Street's new high too high?
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acidguy replied May 13, 2014if Harmonics works for you excellent, in my opinion and some experience i think its the worst indicator of all.
AUD/USD