tin-foil hat works even better if it's pyramid-shaped!

Sultans of Swing

your point is fair, yes, EJ is the cross of EU and UJ. but what "tames" EJ is the price factor of UJ: UJ has almost 100x more influence on EJ's movement than EU does because of how they are priced: UJ: 98.36 EU: 1.3674 And as you say: I'm just going ...

Sultans of Swing

this is pure conspiracy but worth a brain-twizz: The NFP figures are fiddled, right? So, I strongly suspect the figure will be massaged to necessitate ongoing QE at this stage. A figure that even vaguely implies taper sooner than later will open a ...

Sultans of Swing

hi Elite, I haven't the stones to trade EU - the PA scares me! As for EJ, patience is my watchword with that pair... what do you make of the current PA up to 134.60 ? You reckon a reversal is coming up? I see you mention short 134 to 130. I expect ...

Sultans of Swing

hi Bo_fajer, I think you just gave a definitive view. This whole discussion seems to have ensued from my post about another matter, but in which I mentioned that a Thai person told me Thais specifically buy Gold during Ramadaan. It was August at the ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Well i didn't compute that into the story. Thanks for explaining. It makes sense thinking back over the years. My assumption that Ramadaan is every August is based on my experience this year as i related in my previous post. Well, at least I ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Like when I recently asked a resort receptionist why the boats to the mainland leave at 7:30am when most local breakfast spots only open at 8:30am. "Because 7:30 is high tide" she said. Of course the tidal cycle shifts fwd by a few minutes every day ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

indeed. I doubt the August rally is only inspired by Ramadaan buying - it's most likely a coincidence as you say. As ever, people try to explain external events according to some known references. BTW, tk5, what's with the tone of your previous post ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Seen and Good Luck with it!

Sultans of Swing

hi all, Good to see you're around DHT. You're not missing anything staying out of this market! Thanks for sharing your reading. Be sure to have a look at the HSBC doc PT posted yesterday - interesting reading. EJ is slowly-slowly approaching its ...

Sultans of Swing

no problem, Ferru. You're blunt, i'm diplomatic - both styles are needed around here.

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

hi koi99, As for a trading system, you really have to develop your own method. There is no 'silver bullet' and no one can successfully trade someone else's system. Start with the basics: Support/Resistance. Draw those horizontal lines and a few ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Well, if it isn't my good friend, Luis Carlos, always with a keen eye for the ladies ! here's one for you. USD / Thai Baht: image

Elliott wave outlook

Hi TranceTrader, I agree with PipTrapper on this issue. I also think it's worth noting how during the recent US Govt debacle, the market did not really flinch and herd into Risk-Off mode. Participants have a good sense of the long term issues and ...

Sultans of Swing

bang. spot-on. that makes a whole lot of sense.

Sultans of Swing

Risk-on / Risk-off (RoRo) is a paradigm for understanding market movements that came about after the 2007/8 crash. The basic idea is that investors will engage more risky assets (AUD, emerging market equities/currencies, equities in general, etc) ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

much appreciated and look fwd to it. I agree with your forecast of a rangebound few months. There just isn't any evident interest in Gold. Except for a surprise, the current levels seem a comfort zone.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

You mean like this?: image It all goes on, I tell you! The island has a lot of tourists passing through and of course their 'needs' are catered for by some of the locals. I'm actually amazed that the situation is contained and without violence ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Interesting presentation of the facts. I try to only take longer term views on direction when PA provides the confirmation and right now Gold is not being forthcoming with its intention. Up or down - don't know. Would like to, but cannot be sure ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

hi GqOrlando, I see some wave labels on your chart and want to point out a technicality related to the 'guidelines' of EW: Generally an impulse wave (12345) unfolds between parallel channel lines. As you can see on your chart the wave down had ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread