EURGBP — Anyone else play the short pinbar @ 90 on EURGBP? Can't post a chart til I get home from work, but seemed like a pretty solid entry. Gold & Silver are cracking...especially silver. Gold/Silver ratio up to 41.25 to 1... Interesting ...

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Right now that ratio is $1518 / $39.08 = 38.84, or 18% higher than when I posted this (< 1 week ago). Not even I thought it would rebound that fast. I took profits, but I'm guessing this probably has further to go as all the froth gets wrung out of ...

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Why exactly is it ridiculous. You put up margin on a future contract in case you are wrong (i.e. bet the wrong way). Lets look at some history: The June 2010 futures contract closed at $18.6/oz So, the contract's notional value is $93,000 and the ...

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To put that in perspective... Making 9% a quarter, starting with $1,000 would make you a millionaire in about 20yrs (adding $0 along the way). If you added $100 at the end of each quarter, you'd have $2 million at the end of 20yrs.... So yeah, I'd ...

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That site is outlandish. But the real question is, why would you be buying silver at these levels? For my $ I'd take gold any day of the week and twice on Sundays. In fact, I started some small trades to short silver and go long gold and play the ...

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Thanks for posting this -- I had a good laugh! Did you notice the date on that article? Had you purchased the S&P500 (SPY) on that date you'd be up from $94 to $130 or about 34%. If you'd bought small caps (IWM), you'd be up from $52 to $82 or ...

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Hard to scalp that thing when the market (and Oanda in particular) start charging a 30pip bid/ask... And i'm not sure anyone was lucky enough to get the bottom of ~76.60. This was a hairy trade though. Every tick was about 10-15pips away from the ...

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Eating my own Cooking: — Since I was not fortunate enough to be short going in, I went long during the panic. The currency moved over 300pips in <30minutes -- Arguably the most liquid currency in the world. Also note that the spread went from ...

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Congrats to those of your short USD/JPY... I'd take the money & run though. Amazing move in the last hour...

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To Chris: With all due respect, I don't think either of us has a crystal ball. That said, I think I would agree with our founding fathers who believe men should have life, liberty and the pursuit of happiness. The Egyptian people under Mubarak had ...

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How'd the system turn out: — Not sure how I missed this response... In answer to your question, it's hard to say really. I think "life" got in the way of truly testing the "system". The reason I have system in quotes is because in order to ...

The Stock/ETF/Commodity Pinbar Thread

I'm not sure I share your sentiments entirely. It is certainly de-stabilizing and could lead to bad outcomes, but for a people living under an autocratic dictator, if you're a supporter of democracy, you have to believe this is a good thing for the ...

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Wow. Well that's certainly a bit more than I can respond to while sitting in my car... but I'll throw this out there: the U6 measurre of unemployment you're referring to dropped from 16.7 down to 16.1 which is not bad for a one month change. Is it ...

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Alright. If that's your take you're entitled to it. The economic numbers this week have been pretty good (PMI - better than expected, ISM - better than expected, ADP - better than expected, Claims - better, jobs report - I would call it mixed) and ...

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I actually don't think NFP was as bad as the number would suggest. I've attached one economist's take on it here. The NFP number is really less important b/c payrolls did change based on poor weather (blizzards here in the states) however the survey ...

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Gotta Catch up on the thread: — Been away for a while, so I need to catch up on the thread, but saw this story and thought it was worth sharing. Leverage kills: url (might need a WSJ subscription to read the whole thing, but you'll get the ...

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Do you need an account with them to use it?

Currency Applications on the Android OS

Merry Christmas! — Just wanted to wish everyone a Merry Christmas and all the best of luck in 2011. I haven't been around much lately b/c there have been quite a few (all positive) changes in my life that has kept me from posting and trading ...

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Sorry been away for a while. For brokers on ETF/Stocks/Commodities I'd check out MB Trading & Interactive Brokers. IB for sure if you're planning on doing lots of foreign investing and/or need access to a number of different exchanges. MB Trading is ...

The Stock/ETF/Commodity Pinbar Thread

Tanking? I show it the EUR 150pips on the day vs the dollar and up almost 200 vs the yen...also, I don't think it was definitive... This is what i read from Bloomberg: ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The euro briefly extended gains after Reuters ...

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