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Ammeo

Market Wizard
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Everything posted by Ammeo

  1. i think i misrepresented my question a bit, i should have asked " the 2009 and beyond bull market" ..
  2. Ammeo

    EURUSD Discussions

    The Eur/USD is becoming very unpredictable these days. I'll say it may go up in short term but no idea of what it'll be doing in the much longer term.
  3. The Brent crude oil find it difficult to stay above 117 US $ per barrel. It is mostly due to decreased expectations for Syria attack in the coming days, but the pressure still stays present and possible new bullish wave on Crude Oil is very possible. The development could start as early as Monday morning..
  4. We often see when oil goes up then gold comes down and when gold goes up then oil comes down, they both have kinda inverse relationship . That is what we saw yesterday with both.
  5. Ammeo

    Scottrade

    One of the good brokers out there, i was once in contention of opening an account with them but found out they dont allow traders from my country. quite a nice and easy trading platform they have. $7 per trade is not bad especially if ur orders are of high quantity.
  6. Im looking at an inevitable war (or invasion) coming ahead with Syria for the allied forces and the oil prices to easily break the $120 mark in the near future and the $130 mark if the war gets prolonged by more than an year..Oil demand is going to be huge for all the sides participating in the war. Russia or China may participate as allies of Syria as being speculated..
  7. Personally i think there is no top secret, its just experience,common sense,market knowledge and knowing what u are doing.
  8. I wonder how up can it go above 40, i personally think it'll consolidate in the $35/share-$40/share region..Investors will be wary buying it at this price.
  9. Ammeo

    MSFT

    No Wonder MSFT shares went up after Steve Ballmer's retirement..
  10. The market was awful yesterday and very difficult to trade if possible at all. The EUR/USD firstly breaks down to 1.32 and than late at the evening after London close market skyrocketed to 1.3350. So we had quite big daily range of 150 pips but way to unpredictable to trade accordingly..
  11. IMo if one could easily predict the Doji, Hanging man and the morning star then we may not need the other methods of candlesticks. Offcourse every traders has his/her own choice of candlesticks to follow bt the above mentioned work for me and no need to go beyond and learn the kinda more complicated patterns..
  12. Knowledge has its own power. I am not talking about any qualification but pure knowledge gained from self learning which i consider the best learning anyone could get. Carl Icahn has a degree in philosophy but his knowledge in Financial sector which he all learnt by himself is second to none and that makes him of the greatest investors on the current era.
  13. Finally im seeing some Bull market in Gold and Oil after almost an year. Gold is still a bit fishy as no strong upward trend hasnt been confirmed yet but it seems its not gonna fall below $1250 mark anymore..
  14. I used to keep a trading diary but now i dont. At the start keeping trading records seems very exciting but after sometime there's no fun keeping records.
  15. For Scalpers and day traders there's not much of a strategy needed imo. For swing traders and long term investors a strategy is a must otherwise it'll be very hard to achieve the predicted goals.
  16. ""Oil is absolutely certain to become incredibly short in supply and very high priced. The imported oil is not your enemy, it's your friend... t's going to get way worse later ... The oil in the ground that you're not producing is a national treasure ... It's not at all clear that there's any substitute [for hydrocarbons]."""" These are the words of Berkshire Hathaway's eighty-eight year old vice-chairman Charlie Munger. He obviously feels oil prices will keep going up and supply will be short of demand. Even with all the data that has made the peak oil theory look bad, it seems as though agreeing with Munger is the most rational thing to do now. Besides, there is always the geo-political risk that has to be accounted for when pricing oil as a commodity. And then the fact that no matter how much oil is produced, it is the marginal cost of production that ultimately determines the oil price per barrel. This marginal cost has been on the rise and it has always sent the price of crude oil up.
  17. Ammeo

    Eur/usd

    it wud remain bullish and safe to buy if it trades above 1.3287 level...
  18. Less than a year ago, gold prices were revolving around the value of $1800/oz and now they are barely staying above the $1300 threshold. We as Binary options traders who are seeking immediate gratification can ride this trend and bet on gold to sink below this value by the end of the month. News that quantitative easing might be reignited after the US economy posted subpar figures, will only aggravate the problems plaguing the precious metal. By the end of the year, we shouldn't be surprised if the prices will be half what they were one year ago, so it is unlikely for gold prices to have hit rock bottom....
  19. Some Analysts are predicting 2014 may see a big fall in the market. Personally i think its way too early as the market seems at a well adjusted price.
  20. Ammeo

    EURUSD Index

    Not expecting any "sharp" upward movement but probability of upward move is high after minor retracement...
  21. Trading with Fibonacci ratios is often incorporated into the trading plans of many commodity traders to some degree. Carolyn Boroden, who is dubbed the “Fibonacci Queen”, trades almost exclusively with the use of Fibonacci numbers, ratios and time series....
  22. Ammeo

    EURUSD Index

    after gaining supprot from good data of Italian prelim GDP and boost in German factory orders, the euro gained nearly 60 points on tuesday where it continues to stay in bullish zone.... 1.3266 is the critical level, above which it is safe to long euro.... breaking of 1.3320 wud result in testing 1.3335 and 1.3352...
  23. Gold has taken the downward path again...it may take it ages to get above the 1320 zone...
  24. Ammeo

    EURUSD Discussions

    the critical level shown by ^goldenapp is right.... and after poor NFP data where the U.S economy managed to add lesser than expected jobs in july, the major pairs rallied and EUR/USD gained around 90 points after which it closed above the critical level of 1.3265.... so technically it would remain bullish for short-term where its next target is 1.3310, breaking of which could take it to 1.3350...
  25. Ammeo

    EURUSD Index

    Yesterday's weaker NFP has significantly weakened usd against eur. It has taken the pair up near weekly open price and I think corrective moves will cause it to end below open price...
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