My opinion is gold is suitable for only long term investors and not short term traders. You are sure to get caught somewhere with either a long or short position which you might have to close at a loss. Just to give you an example : My parents when ...

Gold Bears Persist as Prices Near Year’s Low on Fed

I have a very small lot short in GBPUSD with Stop Loss at 1.6400 where pending buy orders are placed with targets of 1.6500+. EURUSD , I have 5 long positions between 1.3300-1.3600 with initial targets of 1.3850. Interesting trade which I have just ...

Intraday Outlooks For EUR/USD, EUR/JPY, GBP/USD, & Oil - SEB

Most of the people who constitute 90% of the population live in hand to mouth world with very little savings and small asset building. We spend what we earn and its very difficult to make millions/billions/trillions. Its only a lucky few of the ...

Mayor Of London Says Economic Inequality Can Be Good, But Some People Are Too Dumb To Succeed

In post #1 when I said that oldest characteristics are passed through DNA , what I meant was our social character of success through competitiveness. We become very selfish in our fight for supremacy over others.(this is passed via DNA) IQ and many ...

Mayor Of London Says Economic Inequality Can Be Good, But Some People Are Too Dumb To Succeed

Inheriting your family fortune and living off interest paid may be a good idea in the short term but over time you will notice that living standards rise and so do costs but interest rate reduces.You soon start reducing your capital by spending from ...

Mayor Of London Says Economic Inequality Can Be Good, But Some People Are Too Dumb To Succeed

We feel sorry for people poorer than us and we feel envy for people richer than us. It is a very basic human emotion. Even though over time , Man has moved from the nomadic age to become social animals however the very oldest characteristic is ...

Mayor Of London Says Economic Inequality Can Be Good, But Some People Are Too Dumb To Succeed

My opinion ; Ideally I would like to go short here with a tight Stop Loss of 1.6400. If it breaches 1.6400 then we are like to see 1.6500+

GBP/USD could be over 1.6500 by Christmas

Whew! I finally finished reading it. I do not doubt the experience that is seen in this article. These are views and observations of very , very senior people and also they have done a lot of research. One notable trait I have figured is the failure ...

50 Unfortunate Truths About Investing

Success is not proved by words alone. Success and profits should be proved with actual numbers and data to back up claims. The opinion of many supposedly old and very experienced, successful and profitable traders (their words) here who claim to be ...

ECB Said to Consider Mini Deposit-Rate Cut If More Easing Needed

As I stated earlier (post #12) it was a good joke that a bank was trading with a 80 pips Stop Loss. It may have been a very small lot and now I am inclined to believe that the bigger lots are long. (EURUSD has breached 1.3580) The experienced ...

Stay Short EUR/USD; Tighten Stops On USD/JPY Longs - BofA Merrill

It is a very basic human emotion to envy the successful. This is exactly what is happening here. Soros is not the least bit concerned as to what anyone says or writes or thinks. He is more concerned of his getting his profits the way he thinks best. ...

Hedge funds see repeat of yen slide that paid Soros

Targeting about 300 pips profit with a 80 pips Stop Loss by a big market mover seems to be a good joke. Go on , BofA. We are finding good humor in this. HAHAHAHA.

Stay Short EUR/USD; Tighten Stops On USD/JPY Longs - BofA Merrill

Right. That's for now. Suddenly another day we will be hearing some members of ECB making some daring comments. Blah,Blah...... Waiting to hear the comments.

No consensus now for more action at December ECB meeting – MNI sources

Thanks Spreadbetter for the info. I checked the link and learnt something new today. I truly accept that learning is a never ending process and continue to emphasize it as you can verify from my previous posts. I am a long term investor and am long ...

Gold below $1,200 needed for ‘new equilibrium’

The little knowledge that I have tells me that for , all currency printed by any nation, there has to be a certain percentage of gold kept in reserve. The US have been printing money under the the name of QE with no gold in reserve. There has to ...

Gold below $1,200 needed for ‘new equilibrium’

The successful traders have some common traits. Patience , conviction , self control ,greed control,etc are some of the common traits.

3 Tools to Help You Spot a Reentry point After a Strong FX Move

This is exactly what I have always been emphasizing. Making entry at some crucial points and then waiting for that trade to mature. Small lots with targeted huge giant pips can multiply your money easily. I am generally a long term trader with ...

3 Tools to Help You Spot a Reentry point After a Strong FX Move

My own personal opinion is that charts are not 100% accurate trading signals. My belief and actual implementation in trades are that charts and analysis are just guidelines to trading. Be it , Ichomoku , Moving Average , Bollinger Bands ,Gann , etc ...

Does Chart Analysis Really Work?

Charts are one of the most useful tools of successful traders. Knowing charts is one thing and implementing it , is altogether a different difficult thing. Charts are more or less accurate in the absence of fundamentals(news) and manipulation. ...

Does Chart Analysis Really Work?

It is less but it is still being held for bullishness. My guess is that the market hype that has been created by Feds December Taper has had huge impact on gold going down. I am in long positions and am ready to go for more long positions with ...

Hedge fund gold bets less bullish as Paulson holds