Posts by "stationdealer"

I dont call myself a good analyst just a keen observer, but does any one see's a double or triple top forming on DX (dollar index).

@Ashraf would liket o hear your comments on Dollar index, while most pairs are getting sluggish. Recent activity in dollar index suggests continued failure above 8750 seem like "a new trend in formation" although this will be more visible at weeks end. But what are your thought on Dollar index being sustainable above 8750 and a continuation or 89!!!! >>>>>>>> Plus, please give me some indication towards to employment number in your view this coming friday.

Man i don't doubt them! While i remain optimistic what I have my eye on is the US situation and how it plays this time. There's no doubt in my mind that the recession will continue, i dont care what people want to label it as double dip or busted hip, the outlook on US economy remains negative in my veiw. Obviously Europe most of its credibility points in my books, but that can change with measure which they will take in the near future. US on other hand fails to admits everything till the last moment whilst the recession that started in end of 2007 still continues in my view.

Im planning on buying more metals than ever before, mostly adding to copper, my bests performer and most stable so far, then silver it seems its getting easier and easier to hold and trade silver, plus both are top payers. while Gold and platinum remain my favoured short term yearly trades.

and may God bless Bernanke

EURCHF will remain a buy above 1.4130

CAT! Sacre Bleu!

my best month so far in over last 7 years
25k in profits pocketed and still 8 profit trades running wild

Plus did you hear this one; Bank Of England Made 8 Bln Profit From Quantitative Easing Fund
The Bank of England is sitting on an 8 bln net profit from its 200 bln quantitative easing fund

And it seems what ECB is doing exactly not by printing money but by issuing bonds, and with all the purchasing it seems like ECB is going to owing most of bad debt % currently sold widely through out by European banks. That debt once settled & collect under one umbrella where there will be no rating agency dare nosey around will remain safe. And once bonds settles and libor turns as soon as ECB clears much of this mess things will start getting better.

What no one is thinking about right now once ECB holds max % of this debt and they start raising interest rates how competitive this debt and sort after it will become.....This is a very clever hand.

PIPSTER Stops are eyed above the 1.4650 level in cable, traders report. Typically, well trigger the stops, get a few new longs on board, then pullback1.4610 is now support.

GBP looking comfortable above 14620