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263 Posts Total by "nzvik":
225 Posts by member
nzvik
(Auckland, New Zealand)
38 Posts by Anonymous "nzvik":
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nzvik
Auckland, New Zealand
Posts: 225
15 years ago
Oct 29, 2009 19:56
In Thread: GBP Trade Index 18-Year Chart
as I have been saying for sometime- cable and its crosses are highly volatile and unpredictable - not for amateurs like me to play with. will wait till it settles.

bias remains bullish - however break above 1.6730 will confirm.

aussie and euro could reclaim .93 and 1.5 in the next day or two
nzvik
Auckland, New Zealand
Posts: 225
15 years ago
Oct 28, 2009 17:49
In Thread: GBP Trade Index 18-Year Chart
Radu

Staying away from GBP crosses for the time being
nzvik
Auckland, New Zealand
Posts: 225
15 years ago
Oct 28, 2009 7:42
In Thread: Parameters in Equities, Oil
spec,

you should go short now if you believe this strongly.

good luck
nzvik
Auckland, New Zealand
Posts: 225
15 years ago
Oct 27, 2009 23:26
In Thread: Parameters in Equities, Oil
spec - it sure could. but one could miss a million great trading opportunities if one keeps hoping for it. be aware of it and keep following the trend. no point trying to guess the turning point - when it comes their will be enough indications to go short.
nzvik
Auckland, New Zealand
Posts: 225
15 years ago
Oct 27, 2009 22:42
In Thread: Parameters in Equities, Oil
researched EWT quite some time back - could fit waves in retrospect but could not use it to trade profitably. too subjective for me.

however, very well marketed by prechter. I bet as is the case most times - he makes more money marketing the theories rather than trading them.
nzvik
New Zealand
Posted Anonymously
15 years ago
Oct 27, 2009 22:30
In Thread: Parameters in Equities, Oil
if you are making money trading with EWT - thats great for you.

if I were following prechter - I would be short equities - he has been calling for a huge tumble from mid august (s&p 950) to go down all the way to 400
nzvik
Auckland, New Zealand
Posts: 225
15 years ago
Oct 27, 2009 20:46
In Thread: Parameters in Equities, Oil
I don't think we are entering a risk aversion mode yet. there have been a number of mini dollar rallies in the last 6 months - nothing major. the bull structure remains intact.

Nov and Dec have been weaker months in 2007 and 2008 in a bear market - 2005 and 2006 they were higher - as we were in a bull run.

Not really a fan of Elliot wave theory - too many experts have totally different opinions on where we are in the wave structure, which mostly becomes clear once it has occurred, practical application to trade profitably appears to be limited.

I think whoever can predict and take positions for when this inverse relationship between dollar and equities will end will make some good money.
nzvik
Auckland, New Zealand
Posts: 225
15 years ago
Oct 27, 2009 9:57
In Thread: Multi-FX Gold View & Shanghai Reminder
Thanks Ashraf,
nzvik
Auckland, New Zealand
Posts: 225
15 years ago
Oct 26, 2009 20:56
In Thread: Multi-FX Gold View & Shanghai Reminder
Ashraf,

Whats you view on GOLD now ? Do we see 1000 before we see 1060 ?

thanks
Vik
nzvik
Auckland, New Zealand
Posts: 225
15 years ago
Oct 26, 2009 20:53
In Thread: GBP Trade Index 18-Year Chart
spec, gbp is not tradeable for me. If I am only able to justify moves after they have occurred then I stay away. One day we are bearish and the next day we say it is weak - both can't happen at the same time and at the same level. There is more to sterling's moves than this forum understands at this stage.

Radu, GBPAUD looks interesting on a break of 1.802 -but a pretty volatile pair to trade and one would be betting for AUD weakness and GBP strength. Look at the structure from Oct 7 to now.
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