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PistolDave commented Dec 16, 2011I can see why people are looking for other places to invest. Stocks are up a day or two, gap down, then choppy for a week, etc. Getting whipsawed to death in the equities. Only the strong holders are surviving, but without any gains.
All Over the World, People Are Yanking Money Out of Stock Funds
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PistolDave commented Dec 16, 2011The break down through the 1.3150 level with strong selling pressure makes me think there may be another leg down after a test of that level. Considering that we are closing in on the holiday season, anything could happen. I think the most likely ...
Where to sell the EUR again?
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PistolDave commented Dec 16, 2011What about the recent promises to do whatever is necessary to assist the Eurozone? Oh, maybe that's not what he meant.
Bernanke: Fed Has No Plans to Up European Aid
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PistolDave commented Dec 16, 2011"Mario Draghi, the head of the European Central Bank (ECB), doused the other big hope, for radical ECB support, ... sustainable growth can be achieved only by undertaking deep structural reforms that have been procrastinated [upon] for too long.” ...
French finance minister says there are no plans for budget cuts
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PistolDave commented Dec 16, 2011Who needs budget cuts -- just keep spending -- print more money for all.
French finance minister says there are no plans for budget cuts
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PistolDave commented Dec 13, 2011A sizable amount of selling appears to have come in around the 1.5565-80 area, so I would expect to see a test of this level before another possible leg down.
GBPUSD: Sells Off Sharply, Set To Recapture The 1.5424 Level.
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PistolDave commented Dec 12, 2011As they say, "Timing is everything."
A romance with risk that brought on a panic
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PistolDave commented Dec 5, 2011From my limited knowledge of the past action of government interference in the financial markets, whenever they try to create a positive and constructive solution, it usually results in a larger problem for the economy farther down the road. In that ...
Are Central Banks Replacing The Markets?
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PistolDave commented Dec 1, 2011Computers doing the trading. Computers monitoring the ones doing the trading. Computers guarding the ones doing the monitoring. Who guards the guards? Where does it all end?
Rogue algorithm may cause billion dollar damage in 2012
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PistolDave commented Dec 1, 2011"So many traders will lose their money tomorrow because of him..." Well, isn't that the whole idea of the markets anyway? That guy, whoever he is, must work for a bank or hedge fund. They will be ready to take the other side of your trade after they ...
Trading the U.S. Non-Farm Payrolls Release
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PistolDave replied Nov 30, 2011Interesting — I'm interested in sharing some ideas with you on the methods you are using. I am learning about Wyckoff's strategies, as well as volume spread analysis, and price action trading. I hope you are still active with this, but I don't ...
Judging the Market by its own Action
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PistolDave commented Nov 30, 2011I think the big money knew precisely when the intervention announcement was coming. They are quite devious and cunning. I think the sudden upthrust on high volume is a shakeout. There was a lot of selling coming in around the 1.3515 area. If price ...
Federal Reserve Press Release
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PistolDave commented Nov 28, 2011It sounds like another "good news" story, which simply gives the professional money an opportunity to mark price up on EURUSD for a day or two, and then sell the hell out of it again when the next "bad news" comes out. Same old stuff... different ...
Eurogroup set to fix EFSF leveraging rules, deal with Greek aid
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PistolDave commented Nov 22, 2011Have you taken a look, lately, at the additional fees your local bank charges for almost every service that used to be included in one monthly fee? I recently closed one of my accounts at a credit union because they were bought out by another bank ...
Retail Groups Sue Fed Over New Debit Card Rules for Banks
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PistolDave commented Aug 12, 2011It would seem that investors are finally starting to see through the "smoke and mirrors" act the politicians have been playing at ever since the financial meltdown of '08. For instance: Employment is improving.... Company's profits are up... GDP is ...
Short-selling ban fails to support Europe financial stocks
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PistolDave replied Feb 8, 2011See post #29 MA method is simple and price field is low/high. default settings
bringin sexy back - stochastics
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PistolDave replied Sep 14, 2010Intervention — url “They’re working through some difficult problems,” Geithner said on Bloomberg Television. “My view is they should be focusing like we are on how to make sure they’re reinforcing recovery in Japan and doing things that are ...
Strat's Long Term Stress Free Trading
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PistolDave replied Jul 27, 2010I agree with that analysis. The market is showing strong signs now of becoming bullish. The aggressive entry would be a breakout above yesterday's big bull candle. Safer would be to wait for a pullback to the support around 113ish.
Strat's Long Term Stress Free Trading
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PistolDave replied Jul 26, 2010It is nothing until the close of the candle at the end of the month. If you want, you can say it is a BUEB or IB right now. But that can definitely change within a week. Right now it doesn't mean anything. All I am seeing on the EJ is that it is ...
Strat's Long Term Stress Free Trading
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PistolDave replied Jul 25, 2010Aud — Roger, I think you are correct in your analysis. The way I'm reading it, you are intending to wait for a break through the psycho 0.9000 level then look for a PASR setup to get long in the market. That seems reasonable. I don't know how ...
Strat's Long Term Stress Free Trading