Posts by "daveo"

@Skipper, ..."I am but a crapshooter on mostly one pair"

Lot to be said for keeping it simple and your models have proved the test of time if the rules are adhered. I sometimes wonder whether guys pay attention to what you are doing, I certainly do even though my own stuff is ridiculously over the top but happens to suit me and my crazy appetite. I also pay attention to what others are doing, always looking for the "logic" behind their thinking and happy to learn from it. The day we become arrogant traders is the day we stop learning and start self destructing. Mkt action forces us to become highly adaptable and ready for change. Herein endeth the sermon :-)

I am virtually out of the game at mo designing new workspaces and taking on board new data feeds. Trying to focus on getting the job finished and then a new PC is about due. Am thinking of trying the tradingcomputers.com for next purchase as they now have a London op providing warranty/support.

It was all over the bbc news tonight, the coastguard and harbour master conversations with captain.

rode EU up to my "corrective" target yesterday for 120 pip gain and then all the way down to new low denoted by count. Of course the downgrades etc helped to speed the action. Now expecting the daily channel support coinciding with 78.6% ret to play next, or even a bit lower as support now a little lower than fib level. So spike through fib level to support and bounce would be ideal scenario. Higher timeframe projections are available at request but one step at a time is prudent. The count predicted several months ago is right on track and I agree with cat we shall see near parity levels or below in the coming weeks/months.

As Ashraf repeatedly points out the eu correlation with SPX is so weak now as to be useless but I feel that NYSE stock indices are being held up on fumes by that mysterous hand. Internals have been pathetic for several weeks now, not just ES volume. So kinda expecting the majors to fall off the cliff any time soon but who knows what might happen in election year. Surprisingly encouraging eco stats coming out of the US recently mask the underlying dismal fundamentals and it will be interesting to see any seasonal adjustments to the jobs numbers next month. gt to all.

I think some CB's also been gently selling gold. The long term trend support from Oct 08 kickin in here c.1555/60

The meditarranean countries can keep the euro if they want including France. After all the whole silly experiment was started by French ambitions so they should desevedly receive their comeuppance for such nonsense.