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Obsidian
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Everything posted by Obsidian
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Is This Good Time for Buy Gold Again???
Obsidian replied to mohsinqureshii's topic in Market News & Analysis
I am thinking this might be the case -
Introduce Yourself Here - Don't Be Shy!!
Obsidian replied to trading4life's topic in Beginners Forum
Hello Missy, Beginners Forum - Traders Laboratory Forums and Forex Trading Laboratory - Traders Laboratory Forums -
I am surprised you did not see any. I saw many threads full of charts and setups
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Introduce Yourself Here - Don't Be Shy!!
Obsidian replied to trading4life's topic in Beginners Forum
Guess the company lost 90% of its value since this guy flooded the internet with this text? -
If you have extra time, you may check 4.Kagi 5.Renko
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Summary of open orders and positions:
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size does matter !?!?
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my guess is: it will be down to 1.1200 then bounce to 1.2350/1.2400
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I am reading mql4 tutorials, have to admit that pretty boring
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no wonder why u.s. budget has a big hole :rofl:
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Because you are comparing both with USD?
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large speculators
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Speculative investors trading on the Chicago Mercantile Exchange cut back their bets the dollar would rise against the euro and yen, according to the Commodity Futures Trading Commission. Investors net short euro and yen positions, or bets those currencies would fall against the dollar, shrank as of April 3, compared with a week earlier, the government regulator's commitment of traders report showed Friday. Net euro short positions declined 11% to $13.1 billion, while net yen positions fell 3% to $9.8 billion as of April 3. Against seven major currencies, speculative investors held a net long dollar position totaling $17.3 billion. That was a 10% decline from the previous week. The CFTC analyzes open positions on the CME to determine the speculative positioning. The CME speculators trade a small part of worldwide currency volume, but their positions are considered representative of hedge funds' movements in the markets. The declining favor of the dollar was likely tied to renewed caution from Federal Reserve Chairman Ben Bernanke, who last week warned that strong gains in employment might not be sustainable. That caution was borne out in Friday's monthly non-farm payrolls report that showed employers only added 120,000 jobs last month, well below the 203,000 economists had forecast. Bernanke's comments hurt the dollar broadly between March 27 and April 3, the days the CFTC tracked in its last two reports. The dollar's weakness was especially noticeable against the yen, which is closely tied to the interest rate differential between the two countries. Since the CFTC's reports only capture positioning as of Tuesday, the latest employment report and reaction to it won't be reflected in data until next week's report. Elsewhere, speculative investors continued to favor commodity-linked currencies, which also have higher yields than the dollar. The dollar has often been used as a funding currency to invest in those higher yielding currencies. The combined net long position of the Australian, New Zealand and Canadian dollars totaled $8.5 billion, according to the CFTC.
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Where will the euro be at the end of 2012? What do you think?
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Pensioner's Death Sparks Clashes in Athens Violent protests have erupted in Athens following the public suicide of a 77-year-old retired man. A note he left behind accused the Greek government of impoverishing him with its debt crisis austerity measures, a message that resonated with demonstrators. Many are blaming the state for his death. The public suicide of an indebted pensioner in Athens on Wednesday has touched a nerve in the Greek capital, sparking violent clashes with police. The 77-year-old retired pharmacist shot himself in the head during the morning rush-hour near the central Syntagma Square, police said on Wednesday. In a note found in his clothing, the man reportedly blamed the debt crisis and austerity measures for his suicide. After paying into his pension for 35 years, the government had rendered it too small to survive, he said in the message, published by local media. "I find no other solution than a dignified end before I start searching through the trash for food," it read. The square where the incident occurred, just opposite the parliament building, has already been the site of frequent protests during Greece's debt crisis, and people gathered once again on Wednesday to mourn the unnamed pensioner's death. The death is the latest in a growing number of suicides in Greece, a country grappling with dramatic financial troubles that have led to high unemployment, lower wages and shrinking pension payments. Some people posted notes to the tree under which he died, with messages like, "It was a murder, not a suicide," and "Austerity kills." Meanwhile, hundreds of others marched toward parliament chanting similar slogans. 'Difficult Hours' "This suicide is political in nature and heavy in symbolism," Vassilis Papadopoulos, protest organizer and spokesman for the "I won't pay" group told the Associated Press. "It's not like a suicide at home." The man's suicide quickly became a political issue in the country, with Prime Minister Lucas Papademos issuing a statement as protesters gathered. "It is tragic for one of our fellow citizens to end his life," he said. "In these difficult hours for our society we must all -- the state and the citizens -- support the people among us who are desperate." An estimated 1,500 people attended the anti-austerity protests, and by nightfall they turned violent. Young people reportedly threw rocks and Molotov cocktails at riot police, who fired tear gas and flash grenades in response. No injuries were reported. No relief is in sight for Greece, despite international financial aid. By the end of 2012, the country's economy is expected to contract by 4.5 percent and remain in a recession until the following year, according to the Bank of Greece's annual report, released last month. The country's economy already took a 7 percent hit in 2011.
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What is your favorite indicator? In many cases I use ichimoku (I only use clouds), instead of MAs because it gives me more clear picture about the support/resistance zones
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Account requirements and trading lots are huge for beginners imvho
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Which book are you reading lately?
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Is This Good Time for Buy Gold Again???
Obsidian replied to mohsinqureshii's topic in Market News & Analysis
things did not change,this analysis is still valid -
Your trading systems tell you about what to trade and when to trade...but how do you set the size of your trades? For example, I do not open more than 4 positions. I do not risk more than 0.5%/position.
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What Every Beginner Should Learn and Implement.....
Obsidian replied to 10stepdaytrader's topic in Beginners Forum
experience is as important as learning how to analyze the markets. studying history (big events took place in the past, what happened and how did the markets react) may prepare beginners for the surprises they will have in the future... -
Do You Want Your Learning Curve to Look Like This?
Obsidian replied to pipbanker's topic in Beginners Forum
When I check the performance of a strategy, first 2 things I focus before inspecting further: -trading duration -maximum drawdown I would trust a strategy which made 50% profit (10% DD) over 3years more than a strategy which made 5% (30% DD) in 3 months... -
that's right..and keep in mind that because you have a stop does not mean it will always be executed at the price you specified...
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I think everything starts with having realistic expectations. This markets have seen many "players" who came with full pockets and left empty. There will be more people entering and leaving the markets in the future. I think people who have realistic goals also have patience and a strong will to read and learn. Theory and reality may be too different. Also remember that if something is too good to be true then it probably is...
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I prefer spending time with wife and son as I can always find time for the next trade