Obsidian

wow it is full moon now and gold is up!

today I am watching:

US missile defense plans may signal strike on Iran, Russia warns A unified missile defense system comprising the United States and six Arab states is a signal that a military strike on Iran could be on the horizon, says the Chairman of the State Duma's International Affairs Committee. "The formation of the missile defense system is a new step to signal the possibility of a military strike on Iran, at least in a political context," Alexey Pushkov told a round table conference on Iran at the State Duma. Pushkov was commenting on reports that the Pentagon has agreed to form a single missile defense system with six Arab states – Saudi Arabia, the United Arab Emirates, Bahrain, Oman, Kuwait and Qatar. "A missile defense system is only needed in the event that Iran decides to retaliate, since there are no reasons to think that Iran would be the first to launch a strike all of a sudden," Pushkov said. These latest developments come as the sextet of international mediators – the five permanent members of the UN Security Council plus Germany – are preparing for talks with Iran on April 13-14. The talks will focus on Iran’s nuclear research activities, which some countries, including the United States and Israel, believe are being pursued with the aim of building a nuclear weapon. Tehran vehemently denies the accusations, and says it is developing nuclear energy for the civilian sector. Some experts say that Israel may be more inclined to launch a preemptive attack on Iran’s nuclear weapons sites at this time, as the United States is occupied with its presidential election season, and President Obama is not in a position to appear weak before the pro-Israeli Republican opposition. Other factors, including Germany’s decision to sell six Dolphin-class submarines to the Israeli Navy, also seem to point to a worst-case scenario brewing. Pushkov believes Tehran may be underestimating the dangers it faces. "Iran is underestimating the seriousness of the military threat, I think," he said. "The surgical operation the public opinion is being prepared for may deteriorate into a vast and full-scale regional war." Pushkov went on to express what could best be described as cautious optimism over the chances of a breakthrough during the upcoming negotiations. "Much will depend on the talks on Iran's problem," Pushkov told the Russian lawmakers. "Everyone hopes that these talks will be effective. But there is skepticism, too, given that the situation is not abating, but deteriorating, despite a flurry of political and diplomatic activity surrounding the Iranian problem.” There are indications that the situation around Iran's nuclear work could develop according to the worst-case scenario, he said. "As you know, we have several scenarios on the table, among them the so-called military scenario of settling the Iranian problem,” Pushkov noted. “Judging by statements made by some countries, this military scenario is becoming increasingly probable." This arouses serious concerns for Russia, he added.

today's fresh data.....

each pair is going its own way today... aud/cad took long way, let it rest for some time:cool:

Thanks, I will definitely keep this in mind :rofl:

1. Take a nap ! (in front of the screen)

jobless claims .............

isnt it a little silly to think you can beat a central bank?

if you are not right, then you are wrong...you stop when you are wrong...if you are sure you were wrong then why not stop&reverse?:rofl:

you are welcome, just shared a piece of my experience

I learned not to use any leverage while trading stocks... Imagine you were using 10x leverage when this happened

only around 0.5-1% of my trades are usd/jpy and jpy crosses. this week i traded jpy and crosses more than I did in one year keeping an eye on chf/jpy and eur/jpy to short again

it was a nice day as (i am guessing) speculators pushed it down and failed to break the floor (not surprisingly). anyway, had chance to load more around 1.2006, though the spread was 5 pips during that volatile time

Summary of open orders and positions:

daily and 4h charts are bearish...a weekly close below 1600 sends gold back to 1528 and then all the way down to 1420..weekly chart is in neutral zone so if 1600 holds, it is possible to see an attempt to touch 1656

lets see how long 1.30 will hold...

I think it is crucial to see how your system will perform if a part of the history repeats itself again. If you know your system's weaknesses, you can prepare yourself what to do next. if your system is not performing well under a certain market condition, then you can either choose not to trade or add some filters to the system...just my thoughts...

ADP in 5 minutes........

Selling pressure increases each day gold spends below 1660...

EUR/GBP is still bearish.....

Summary of open orders and positions:

tp level was reached, maybe we can see a bounce now, and get back to 1.5940... anyway no more trade today, time to get some nice sleep.

1.03 printed, lets see what is next... gold is diving, eur/usd fell 120+pips...but cad and aud are behaving weird again...

GBP/USD trade...closing 2/3 for 40 pips...going to lower s/l to be and t/p to 1.5940 I am not too greedy when trading against the trend