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 Forex Trading Corner V2

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small-jeff
post Jun 15 2008, 11:10 PM

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wish to put some review too tongue.gif

on EJ...its rather interesting..it seems as though it forming a small pendant since last week, while the 7/8th Gann retracement at 166.47 works rather well as an anchor point for the up move. From weekly chart, is bull is yet to be exhausted, where there were higher highs achieved. I'll say there would be a good chance to rally up to 167.72, before reaching 168.93 and going sideways again..

but on the fundamental side, Euro-Zone CPI is due to release next monday, with expectation to jump to 0.6 from 0.3.

Going Long: above 166.93, SL at 165.65

Going Short: below 165.65, but caution at 164.96


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mphpopular
post Jun 15 2008, 11:14 PM

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Thanks small jeff.


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low yat 82
post Jun 15 2008, 11:21 PM

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let see wats d tukang tilik wanna say... laugh.gif laugh.gif

upcoming planetary alignments

QUOTE
for the week beginning the 16th

Review and Preview


Nearly all the leading equity markets of the world fell to their lowest price since mid-May by the end of last week. Several of these started a modest rally by Friday. The interesting part of last week's market behavior is that stock indices were down nearly the entirety of the May 22-June 13 "translation" period of Sun-Venus to Saturn-Uranus forthcoming opposition, as described in this report over the past couple of weeks. This is the third such translation period of the year, following the ones that coincided with the lows of January and March. It now comes to end, and we wait to observe whether or not this also means the decline comes to an end.
Stock indices were not the only financial market in decline much of last week. Gold and Silver also fell to their lowest levels in over a month. From a high of 934 on May 21, Gold fell to a low of 860 on June 12. Silver's decline was from 1833 on May 23 to 1625 on June 12, again coincident with the "translation" period of Sun-Venus in square to both the Saturn-Uranus that make up the forthcoming opposition later this year. Currencies also fell hard last week against the U.S. Dollar.
But other commodities rose sharply, especially the grains. Corn soared to a record high of 737 on Friday. Both Soybeans and Wheat rallied substantially last week too. The rise in Corn was attributed to rainy conditions in the grain belt that is delaying the growth of Corn. While we expected Corn to soar above 700 quickly in our subscription reports, the cause was not as we anticipated (we anticipated demand due to ethanol would create the rally). Yet the presence of too much rain can also be explained in terms of Financial Astrology. Neptune rules rains and floods. We are in a period when the planetoid Chiron, as well as the North Node of the Moon, are in a conjunction to Neptune. Thus Neptune is highlighted this spring and summer, and coincides with heavy rains. It may also be a factor in the continual rise in Crude Oil prices, for Neptune also rules Crude Oil.
Short-Term Geocosmics

Mercury will end its retrograde motion this week, June 19. Give it about a week, and then we would anticipate that financial markets will return to more "normal" behavior, from a technical studies point of view. In other words, we will start coming out of this highly erratic and quite unpredictable zone, when events occur suddenly and without much warning, or reports are released which are considerably off the mark of most forecasters (think the recent Employment report, as well as the release of the former press secretary Scott McClellan's expose on the current White House Administration).
There are a series of interesting opposition aspects coming up between planets in the next couple of weeks. Oppositions are important because they represent the climax of cycles that began at their conjunction point. They can mark a turn in the trend of various financial markets which they pertain to. On Wednesday of this week, Venus will be in opposition to Pluto, followed by the Sun doing the same on Friday, June 20. Pluto rules debt markets, like currencies and Treasuries. We might anticipate that Fed Chair Ben Bernanke comes under some rather severe challenges during this period. On June 21, Mars will be in opposition to Neptune, something that could relate to a climax in the Crude Oil market. On July 3 and 9 respectively, first Venus and then the Sun will be opposition to Jupiter. The later aspect is one of the most powerful correlates to primary or greater cycles in U.S. stock indices within 10 trading days. It can coincide with "Big Range" days, the 200+point types in the DJIA, especially since a Mars-Saturn conjunction occurs the very next day, and Uranus aspects to other planets unfold July 6 and July 14. Remember: when a combination of signatures involving Mars, Jupiter, and/or Uranus is present, stock indices tend to have "Big Range" days nearby. July 6-14 is one of those periods.
The entire period of June 12 through July 14 is a powerful geocosmic cluster zone. During this time band there are no less than 15 important geocosmic signatures unfolding, and no two consecutive ones are more than 5 calendar days apart. Seven of these are our most powerful Level One types, including three that take place June 20 (Sun-Pluto opposition), June 21 (Mars-Neptune opposition) and June 26 (Uranus stationary direct). The last one is extremely powerful, with a 77% correlation to primary or greater cycles within 11 trading days. All this activity suggests that one of the best trading opportunities of the year could be readying any day now.
Longer-Term Thoughts

I have referred to the importance of certain time bands this year in which faster moving planets make hard aspects to the forthcoming Saturn-Uranus opposition. My belief is that these periods, known as "translations" of the faster moving bodies to the longer-term aspect, will give us a glimpse of what to expect between November 4, 2008 and July 26, 2010, when the exact 45-year opposition of Saturn and Uranus take place in a five-passage series. The first four of those oppositions occur with Saturn in Virgo and Uranus in Pisces. Saturn in Virgo by itself represents a time when the working people of the planet become very dissatisfied with their working conditions - especially their pay scale, which they see as a sign of inequity in comparison to the affluence of the management, executive, or upper echelons of society. Typically the workers (laborers) demand intervention on the part of government to make changes that correct these inequities, or else they stop working. They go on strikes, demanding more money and better working conditions. Productivity goes down and distribution channels are interrupted.
With Uranus in the equation, there can be an even more serious note of protest and rebellion. Again, the protests are aimed at the government or those in authority, which are represented by Saturn. Thus it can become a time of class warfare.
We are currently in such a "translation" period, May 22-June 13, when both the Sun and Venus are transiting through Gemini, making first a square to Saturn, and then a square to Uranus. I am here in Tokyo this week, and it never fails to amaze me to see the difference in emphasis placed on various news items than we see in the United States. Here the front page headlines are all about protests taking place in Asian countries, such as India and South Korea. The later instance is particularly interesting, where tens of thousands of South Koreans are staging such a massive protests that the cabinet of the 100-day old government "offered to resign, taking responsibility for a string of political miscalculations that have sent support for President Lee Myung-bak's government tumbling," according to an article in Wednesday's Asian Financial Times newspaper The reason for the protests? Sharply rising oil prices and the government's decision to ease restrictions of U.S. imports on meat from cows, in the midst of an economy that is falling faster than they expected or forecasted. The Korean populace resents that the new government is "kowtowing" to the American government by allowing American beef into their country. They fear the dreaded "mad cow disease" will strike. Judging by their intense overreaction to the problem, it appears it may be too late.
But here is the thing that is pertinent to the United States. From a leadership point of view, could something like this happen in America soon? The Times report goes on to state in that same article and another on the next day, "The scenes Tuesday illuminated the dramatic shift in President Lee's political fortunes…. Mr. Lee's government made grand pledges to overhaul the stagnant economy when it took office at the end of February… While championing a pragmatic leadership, Lee overlooked Koreans nationalistic pride. If what troubled Roh's presidency (the prior President) was too much nationalism, Lee's problem is a lack of it." Hmmm, this sounds vaguely familiar.
I have referred to the Saturn-Uranus opposition often in the context of the U.S. forthcoming election. The aspect is highly unpredictable, except that it promises sudden and unexpected events into the election, and immediately afterwards. It clearly defines the stark difference between the candidates. One is youthful, charismatic, and promises a great change, but cannot be accused of being overly nationalistic, which are characteristics of Uranus. The other is older, a national war hero, much more experienced, but represents the more conservative and nationalistic element, which is Saturn. Does the U.S.A. go for the promise of bold new changes at a time that the current party in office is so unpopular and nationalistic, as did South Korea? If so, could it be a landslide victory for the Democrats, as many are predicting, with all of the nation's hopes wrapped up in the belief that these bold new changes will indeed take place quickly? And what happens if in the critical first 100 days, the failing economy suffers further and the promised changes aren't taking place? With Saturn in Virgo representing discontent, and Uranus in opposition representing the urge to rebel, could there be massive protests because things aren't getting better, and the hopes of the populace are falling faster than George W. Bush's approval ratings? Yes, that is one possibility, and it is now a reality in South Korea, related to the translation of the Sun-Venus to the forthcoming Saturn-Uranus opposition. It could portend a theme that we see next year in the U.S.A. But it is Uranus to Saturn, and so there are several other possible themes related to the unexpected that are experienced as well. After all, the first passage of this Saturn-Uranus reality will take place right on Election Day, 2008. All we know is this: events will happen, and reactions to those events will be exaggerated, in ways that we did not fully expect. We may not get what we wish for, or even expect, without solid planning and understanding of the dynamics that are present. And there are so many dynamics present. Reality trumps hope, unless hope takes into account reality and consists of something more concrete than just wishful thinking and desire for change.


edited: forgot tosay, thanks to d source from forexfactory... OrionsWay

This post has been edited by low yat 82: Jun 15 2008, 11:22 PM
small-jeff
post Jun 15 2008, 11:22 PM

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haha..no prob..but why the support line gave you inspiration? biggrin.gif


Added on June 15, 2008, 11:25 pmhmm...lowyat...that one is too "deep" for me le..hahaha. Looks similar to Gann's astronomical predictions..very hard to understand... sad.gif

This post has been edited by small-jeff: Jun 15 2008, 11:25 PM
low yat 82
post Jun 15 2008, 11:44 PM

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QUOTE(small-jeff @ Jun 15 2008, 11:22 PM)
haha..no prob..but why the support line gave you inspiration? biggrin.gif


Added on June 15, 2008, 11:25 pmhmm...lowyat...that one is too "deep" for me le..hahaha. Looks similar to Gann's astronomical predictions..very hard to understand... sad.gif
*
yar.. same here... jus rememb d date is better.. jus incase...
mphpopular
post Jun 16 2008, 07:08 AM

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PUt an eye on EJ. It will bear soon. I put a sell limit at the resistance tehre. And set a tight SL. I wil go work by now

GU, not sure yet.

GJ break the top already. But this week I think i wont take GJ trade, Wan to compare is it my performance will be better.

UJ set a sell limit over the resistance as well. Juz wish i come back, it is in green pips. Haha.




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normeck
post Jun 16 2008, 09:43 AM

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dem!...loss usd2 this morning....consequence when not followed rules!!
low yat 82
post Jun 16 2008, 10:49 AM

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wow... EJ surprisingly break up ward...
jebonen
post Jun 16 2008, 11:08 AM

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gj make a move early morning rite .... ha ha...
maiself
post Jun 16 2008, 11:14 AM

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GJ could go to next big Resistance @ 213.xx before drop back. will open Long after it break 210.60
mphpopular
post Jun 16 2008, 12:06 PM

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I wish my EJ not stopped out by my SL. I check the price quote from fxcm chart. They show the price went until 166.90. But i set 166.91. Wish the price quote from my trading company is same as well.

Bull shall take over GJ. But i wont take any trade on GJ this week. Afraid of this pair already.


Added on June 16, 2008, 12:29 pmGo hav a look on UJ 15m, you shall able to find one bear channel. Zoom in until left aroud 15 candles. You shall get it

Same for EJ 15m, tehre is a bull channel. Zoom in until left 15 candles.

Edited : is aruond 30 candles

This post has been edited by mphpopular: Jun 16 2008, 12:33 PM
sandcool
post Jun 16 2008, 12:32 PM

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any website to see the foreign exchange movement?
mphpopular
post Jun 16 2008, 12:34 PM

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QUOTE(sandcool @ Jun 16 2008, 12:32 PM)
any website to see the foreign exchange movement?
*
U mean see the price movement based on chart? Many trading platform also can one. U juz apply their demo, and you install their trading platform. Then you can see the price quote and charts

jebonen
post Jun 16 2008, 12:41 PM

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EU wanna make a new DT hmm.gif ... (TAYOR) whistling.gif .
mphpopular
post Jun 16 2008, 12:46 PM

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QUOTE(jebonen @ Jun 16 2008, 12:41 PM)
EU wanna make a new DT hmm.gif ... (TAYOR) whistling.gif .
*
same from me. I now on my break. I saw it breaks the channel uptrend in 15m TF.

Still the same. I wish it did not hit my SL juz now.

The price in 15m TF already closed outside the channel. If wanna get more confirmation, go over 30m TF and wait for the candle closed. Might lose some pips gain. But more secure i think

This post has been edited by mphpopular: Jun 16 2008, 12:47 PM
hitokiri_maniac
post Jun 16 2008, 12:53 PM

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QUOTE(mphpopular @ Jun 16 2008, 12:46 PM)
same from me. I now on my break. I saw it breaks the channel uptrend in 15m TF.

Still the same. I wish it did not hit my SL juz now.

The price in 15m TF already closed outside the channel. If wanna get more confirmation, go over 30m TF and wait for the candle closed. Might lose some pips gain. But more secure i think
*
EU.. i think it will ranging till 5 pm coz 5 pm got red news for EURO...maybe that new will be the catalyst for today movement..

EJ.... going down imho.. it try to past resistance and not succeed.. hence it bounce back..maybe later it will try again..

still waiting for clear signal to go in for today.. wink.gif
sandcool
post Jun 16 2008, 01:01 PM

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now you all playing the demo or the real wan?
jebonen
post Jun 16 2008, 01:12 PM

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i just predict.... not playing..hu hu... tongue.gif

for newbie and i think better reg at Fxmaly ot liteforex.. both have LOCAL IB.. notworthy.gif
sandcool
post Jun 16 2008, 01:13 PM

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my friend introduce me forex.com
actually like fxcm, forex.com and other forextrader....all act the same ?
we can register either one and start invest?
maiself
post Jun 16 2008, 01:52 PM

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QUOTE(sandcool @ Jun 16 2008, 01:13 PM)
my friend introduce me forex.com
actually like fxcm, forex.com and other forextrader....all act the same ?
we can register either one and start invest?
*
depend on ur preferences, better use their demo 1st.. then u decide.. u cannot invest with forex, but u can trade nod.gif

i use ibfx & marketiva - still use marketiva to cover my newbies age losses hihihi usd10-usd20 perday could cover my losses within 6month-12month hehe

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