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Ammeo

Market Wizard
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Everything posted by Ammeo

  1. USD/JPY is sitting on support with mixed indicators. I see this pair trading up to the top of the recent range over the next week..
  2. The average price of gold in 2014 will be just under $1250 an ounce. We may see this price pretty soon as there are strong negative headwinds coming in the form of an eventual QE tapering. Additionally, the mine supply growth has been steady for both gold and silver and all we've seen is slowing demand. ..
  3. gold experienced some of the wildest trading in years last week. This metal is indicated down and will be pressured by the still upcoming tapering and the strengthening world economy. .
  4. With my experience in trading & investments so far, i have come to the conclusion that long term investing in a single entity is the best thing to do... After that its the swing trading which is good one...all the billionaires and multi-millionaires that i see today are either long term investors or longer term swing traders..
  5. Ammeo

    EURUSD Discussions

    Fundamentals are unchanged, tapering is still out there somewhere, this high level is unsustainable in my opinion so fading the market with an expiration on Monday. ..
  6. When i used to day trade (which i dont do anymore) i used to like the asian timing cause it wasnt a hassle and the pairs used to make regular patterns....US timing zone is a mess to handle and soon i abandoned the US timezone..
  7. Seems we r heading towards another range formation...
  8. I often realize that when a head and shoulders formation is made, the price moves against the formation, like for head & shoulders it does down afterwards and for inverted head & shoulders it goes up.. Probably one of the best on-chart indicator out there..
  9. US is not going to war and euro zone crisis are still intact, Us economy may have weakened for a while US always recovers it and recovers quick. Next unemployment and NFP will have a big role in EURUSD direction which i dont think may get even worsen. Fingers crossed though...maybe i am wrong bt its just a personal perception.
  10. Hmmm maybe u r looking at it short term, my statement was kinda long term....i dont think it'll continue to be a Bull for the next few months...
  11. EUR/USD is steadily weakening and losing strength as the end of the week is approaching. I would like to enter in more longer term trade on it . May go for a short with holding period upto 2 months.
  12. Apple Drops as IPhone Models Reflect Shift From Pioneer The company isn’t pricing the 5C as cheaply as competitors’ handsets, with the phone costing $549 and higher without a two-year contract, according to Apple’s U.S. website, showing it’s unwilling to trade its industry-leading profit margins for increased market share. Analysts at UBS AG, Bank of America Corp. and Credit Suisse Group AG downgraded Apple’s stock, saying the high price will limit sales in emerging markets..
  13. Disappointing data have raised doubt that the Federal Reserve will begin this month with a reduction in the monetary easing program which resulted in the decline of the dollar and thus a rise in the currency pair EURUSD.
  14. Yup, there's not going to be an outside attack on Syria, As far as Russia and Saudi Arabia are against the war, US cant do anything. US knows messing with Russia is gonna be a big mistake.
  15. I am not a technical trader and the $1350-$1450 was my personal perception out of the current global demand and supply values and some top Analyst and corporate bank ratings.. Recently some of the price targets from agencies are kinda more bearish on gold Like one from Piper jaffray... "Gold target $1,050 from Piper Jaffray 12-24 month time frame'. Maybe we see a break of $1350 in 2014 again.. Regards
  16. Am thinking the same, maybe it makes a new range in the $1350-$1450 Range which seems more likely to me..
  17. For swing traders (especially the ones who want to take their trades to multiple weeks and not days) i would recommend having a look at top Analyst Rating sites like Moody's, Fitch, Zacks etc along with Corporate Banks Outlook (UBS,JP Morgan,Credit Suisse) to have a broader insight for the current equity or any other asset to be traded. These ratings are available on the web but needs some due diligence. Happy Swing Trading.
  18. How does this pattern indicate increase in demand. To me its only looking like the price is tanking indicating a decrease in value in the upper class currency..
  19. Currently IB for stocks and Oanda Asia pacific for trading futures..
  20. i had used their demo account for weeks but read some bad reviews about them on many forums and decided not to open a live account, that was years ago. How r they these days?
  21. There are for sure going to be corrections and what not but all will be buying opportunities. Tapering is priced in, the economy is working, now its time to focus on, really focus, on earnings and jobs growth. Corporate balance sheets are in the best condition they have been in for years, maybe decades. Once the money starts flowing again profits will soar. Best case scenario....it could all go to hell real quick too..
  22. I would have done any kind of investment in it 6 months ago bt now its price has soared so much that i am in a little doubt it has gone overvalued..
  23. OPEC's influence on oil prices will diminish as domestic United State shale oil production ramps up, and member of the cartel are divided on the course of action: much is at stake for OPEC..
  24. 2014 may be an year when we may see a halt to this bullish market, personally im seeing 2014 as an year of consolidation for markets but dont expect any crash.
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