Obsidian

Summary of open orders and positions:

haha well we are all part of that industry everybody has different ways to find-follow the trend..for me it is price movements and is simple as “…a daily close above 1652 may be enough to hit 1670 …” of course these numbers-ifs are not random...those are the levels which make me believe that # of buyers># of seller (or vice versa) enough to reach the next s/r level(s)... now lets look at today's chart: yesterday closed above 1652 and today we got a bullish candle, today's high is 1667.40

and it fell until 1623.13.....

sorry for the confusion zdo maybe showing on charts would be better... "short term charts are bearish again, if 1626 does not hold, maybe 1620 next... " was supposed to mean: "gold will keep falling until 1626 or 1620"

Yes discovered that a couple of days ago, trying a demo whenever I have extra time Totally agree on that

%10/month can turn $10k into approximately 900k in 4 years ops, should have read the 2nd page before replying :rofl:

Firefox, java, mt4

a daily close above 1652 may be enough to hit 1670 imvho

in fact it totally depends on market sentiment...there are times you see prices move sharply after release of a data which the market never cares about or sometimes you see they move the opposite way...

home sales and weekly jobless claims

Summary of open orders and positions:

1.2760 and hit tp by the time I type...105pips

this sounds interesting... Speculation Of A Shift In The EUR/CHF Floor Continues To Intensify EUR/CHF continues to flat line close to the 1.20 line in the sand implemented by the Swiss National Bank (SNB). Renewed tensions in the Eurozone have if anything renewed the appeal of the CHF, making the job of the SNB even more difficult. The fact that risk aversion has been rising suggests CHF demand will remain firm in the short term. CHF demand is occurring in the face of speculation of a shift in FX stance. Although the SNB has not hinted at any change in the level of the EUR/CHF floor, market speculation that the SNB will move it higher, possibly to around 1.30 from 1.20, has intensified. The problem for the SNB is that the CHF is substantially overvalued and this in turn is fuelling persistent deflationary risks as reflected in six straight months of declining CPI. Against this background it would not be surprising if the EUR/CHF floor is lifted.

I wonder what Merkel will do when Sarkozy is gone... from an article I read earlier today: “Merkel has led Europe with Sarkozy and we can measure the results,” Hollande said. “If I am elected president, there will be a change in the focus of Europe’s construction. Enough free market, limitless competition, enough austerity. I want a serious budget. I want to restore public accounts, which have worsened in the past five years. Austerity for life? No. A rigorous budget? Yes. I will renegotiate the treaty, Merkel knows it.”

aud/nzd and eur/aud......

1h15m till fomc...pretty boring...lets see what Bernanke will say first.

EUR/USD lower on: "Hollande says he would not ratify the EU fiscal pact as it stands without changes"

in deed that is interesting, there is a huge difference.

Summary of open orders and positions:

new home sales.......

even being the best in a first person shooter game does not mean that you can survive in a real battle...imvho

exactly 24 hours left to the event...if there is no more qe, xxx/usd pairs may enjoy free fall...

that is why they used to call it "the beast":cool:

in deed...guess that "%5" is just history

There are lots of books regarding technical analysis, strategies etc, you can check the books section on the forum to find the most useful ones. However my advice would be dont start learning by such stuff...instead read books like reminiscence of a stock operator: jesse livermore...the reason I say that is because; first you should learn how things work and second you should realize that these are just numbers...start with basics, then you can learn the details...