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Ammeo
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Everything posted by Ammeo
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1.3100 was a strong resistance level and the price is moving down to 1.3050 now. I am also bearish for the next week on eur/usd. It seems the bulls are stil very weak to make some greater move..
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Do We Really Need Strategy to Max. Our Profit?
Ammeo replied to wmck6167's topic in Trading Psychology
More than strategy we need market awareness and common sense. -
Will Gold Prices Double Five Years from Now ?
Ammeo replied to Larry1234's topic in Market News & Analysis
One thing im sure of is that Gold is going to achieve its 1500-1600 level again. 2014 may start as the correction year for gold taking it back to the 1500-1600 levels in the coming 2-4 years.Demand is going to be the biggest question.Many countries and banks are on a very thin demand for gold but that may change with gold going to be at such bargain prices. -
Global Investment Bank UBS has further downgraded silver summing up a dark year for precious metals.. 2013 is by far the darkest year for precious metals in the new millennium...
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I had my first ever demo account with them. I was ok. they had a 4 pip spread on majors bt then i read some medium to bad reviews abt them in forex review sites which made me change my decision.
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yup i know some pros dont use them anymore as they can predict price action without them. bt one has to accept at some point of his/her trading he/she used an indicator. They are a fascination for any newbie bt a time comes when they kinda look like extra and meaningless material on the chart. Bt i have seen some pros still sticking to them even after many years in trading.
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SMA all the way.........
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after the FOMC meeting minutes, the market gave an unexpected move where it followed its technical pattern that resulted in taking the pair towards a sharp fall against the U.S dollar.... even in the early hours of trading on Thursday, the pair lost further but then remained in range the whole day.. as for today, the euro couldn't break its resistance of 1.3260 from where sellers entered and took the pair down by around 90 points... currently the pair is at 1.3158... the pair seems to have exhausted where a rebound is expected from today's US session or from Monday...
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For all the guyzz who are Bearish on Gold can remain bearish, atleast thats what HSBC is saying. The Investment bank this week further downgraded Gold upon the less than expected demand and predicting it'll end 2013 at a further 10% decrease in its price. 2013 may prove to be an all-bearish year for gold.
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For trading forex i must say best time is the Asian timezone as the price movement is relatively slower and the Europeon and US market timezones making much clearer and non-random price actions. For trading stocks best time would be the opening and closing hour and a half....
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If you want to trade stocks then Interactive Brokers, Just2trade and speedtrader have very competitive commisions. If u want to trade forex then i'll say go with either Oanda, Armada Markets or Pepperstone. They are regulated as well as cheap.
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Google is always going to be a Buy as long as Sergey Brin,Eric Schmidt and Larry Page are there. They know how to do the business, what to acquire and not to acquire. They are same as how Steve Jobs was important to Apple inc. Apple deteriorated after Steve jobs was gone cause he was the main link in the company that was making the difference.
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Check out these links, they will be helpful.. Binary Options That Suck ? Fighting Scams, Brokers & Educating http://www.binaryoptionsblacklist.com/ Binary Options | Binary Options Trading & the Best Brokers
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i'll go with the MACD with the 3,10,16 settings alongside Stochastics. Used to apply them with gr8 results.
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Just for those who dont yet know of this acquisition. Prior to google, yahoo and apple were in contention of acquiring this tool. Waze is a mapping tool bt unlike other mapping tools its users can interact with each other in a locality and shares statuses like (Street G-3 Busy or road blocked on blah blah Avenue etc). This acquisition could make Google a king in the mapping industry with interacting maps all across the globe. The acquisition fee was i think around 1.3 Billion Dollars.
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if euro breaks above 1.3223, then it would keep moving up and may test its friday's high of 1.3280, breaking of which may result in showing thursday's high of 1.3303... the pair would remain bullish as long as it survives to move above 1.3140..
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Do We Really Need Strategy to Max. Our Profit?
Ammeo replied to wmck6167's topic in Trading Psychology
A strategy is not necessarily required but whats always required is common sense and a plan....there is a difference between a strategy and a plan..a strategy is specific with not much room for a change but a plan has room for changes with situation to situation...... -
Volume is an indicator of price volatility....i have always noticed big spikes in price after the volume starts to pour in a a couple of days before the volatility starts..it mainly has to do with earnings reports and acquisitions/mergers aswell sometimes..
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The Structure of Non-randomness is not that complicated as people think. Go Value and it'll be all fine..
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IBM is acquiring web hosting/cloud infrastructure services firm SoftLayer for an undisclosed sum - with Reuters talking of a more than 2 Billion USD deal. This is going to put IBM in a very strong position and will enhance its Cloud Services.We may see a break of $215 mark come end of July.
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Found An Interview with Gary Savage on the web and what he came up with is quite a surprise to some investors and traders.. According to him ...“Stock Market May Crash 10-20% In Next 5-10 Days, Will Create Setup For Bubble Phase In Gold”.. here's the full article.. http://bullmarketthinking.com/gold-trader-stock-market-may-crash-10-20-in-next-5-10-days-will-create-setup-for-bubble-phase-in-gold/
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With FB being accused of promoting violence against Women and also their acquisition of Waze called off, i would expect the already declining asset to go below the 20.0 level mark in a month.. So far both parties have declined to comment on the called-off deal..
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IMO main priority should always be fundamentals cause fundamentalists are the ones who survive any market conditions....People like Warren Buffet, Karl Icahn, George Soros etc have not only survived but thrived for decades cause they dont take chances unless the forecast-ed output is strong and concrete which is done through studying fundamentals.... Technicals can be more useful for short term retailers but still Fundamentals cant be ignored if u are serious in this business..
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There is news from Africa that may further support the bearish outlook on all Crude products as there can be more availability of Crude products in the coming months.. Shell says crude oil theft is reducing - Nigeria Business News - Nigeria Business News
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Best would be to go short for a 2-week as many of the Big market commentators and Banks are having more bearish sentiment on Crude... For those who like Technicals, it could fall off the 97 resistance level...