Stockmarket Trading, Forex, Commodities.

[Paulo1]

GPBCHF buy 1.50899 Stop 1.5037 target 1 is 76 pips and 2 is 110 pips.

Bid is now 5093

Sorry , thats the GBPAUD

Target 1 is hit at 1.5168 plus 77

[Paulo1]

GPBCHF buy 1.50899 Stop 1.5037 target 1 is 76 pips and 2 is 110 pips.

Bid is now 5093

Sorry , thats the GBPAUD

The number to watch now is 1.5204 for a higher close. So keep your stops wide as this could develop into a swing trade with 700 pip plus target.

Best of all get yourself into a free carried trade.

Edited September 9, 2011 by Paulo1

[Paulo1]

The Top Six Contrarian Investors of Our Time

1. JIM ROGERS

Jim Rogers is one of the most successful investors of our lifetimes. Starting out in his twenties with $600 in his pocket, he “retired” at age 37 with more money than anyone could possibly spend.

In an interview last year with India’s The Economic Times, he had this to share…

“I am not buying any stock markets anywhere in the world. I have not bought any stock markets for the past 18 months. I have been playing the world economy through the commodity markets for those 19 months. I have been playing the world economy through the commodity markets for those 18 months and the currency markets. And as I said, now I am starting to sell short but I have nothing to do with any Asian markets. I have not bought any market anywhere because I have been leery of this big rally in the stock market. It has been caused by a lot of money being pumped into the world economy. If the world economy gets better,commodities will do well and they have. If the world economy does not get better, commodity is going to be a better place to be than stocks, all over the world, not just Asia.”

2. MARC FABER

Born in Switzerland and educated in Geneva and Zurich, Dr. Marc Faber received his PhD in Economics from the University of Zurich at age 24. The former managing director at Drexel Burnham Lambert from 1978-1990 has lived in Hong Kong for the past two decades. He concentrates on Asian market niches with tremendous upsides

• In 1987, he warned his clients to cash out before Black Monday hit Wall Street.
• In 1990, he predicted the bursting of the Japanese bubble.
• In 1993, he predicted the downfall of U.S. gaming stocks and foresaw the Asia Pacific Crisis of 1997-98.
• In March 2008, he predicted a U.S. stock market bottom (though he believed it would last only six months).

His motto is “Follow the course opposite to custom and you will almost always be right.”

3. JOHN TEMPLETON

In 1939, a young farm boy from Tennessee went into his boss’s office and begged for a $10,000 loan. He got it, and invested the 10 grand in every small-cap stock trading on a major exchange for $1 or less. There were 100 stocks in all, and John Templeton bought ‘em just as stocks were most hated. Then he watched as those 100 stocks led the U.S. out of the Great Depression – and Templeton into the Investing Hall of Fame. Today, the famed global investor is worth about $2 billion and lives in the Bahamas. The fund bearing his name is still making people lots of money some 65 years down the line.

4. SAM ZELL

Not far behind Templeton with a net worth of about $1.8 billion, Sam Zell is known as the father of Real Estate Investment Trusts (REITS). His investments have certainly been going gangbusters the past few years, including his Equity Office Properties (EOP) REIT, but real estate profits are old hat for Zell. He began buying real estate in down markets in the 1960s and, with his partners, speculated with spot-on accuracy for the next four decades running. Zell’s also known for jumping out of the commercial real estate market in the early 1990s, with the mantra of: “Stay alive till ’95.” Sure enough, that was exactly when the EOP honcho got back onboard and made another wave of windfall profits in the sector.

5. EDUARDO ELSZTAIN

In 1990, an unknown young man from Argentina walked into the New York City offices of George Soros and sweet-talked him out of $10 million. Not an easy thing to do – the wily and hard-nosed Soros is best known for breaking the Bank of England and pocketing $1 billion in a single day shorting the pound. Elsztain turned the $10 million into a $500 million Argentine real estate portfolio. Investors who got onboard with him and Soros in their Dolphin Fund would have turned $100,000 into $1.9 million in a decade. Elsztain went on to head Cresud (Nasdaq: CRESY), a huge Argentine real estate company. Thanks to him, the company even managed to hold its ground right through the Argentine currency crash of 2001. And then he rode Argentina’s strong recovery to boost the business even more.

6. GEORGE SOROS

In 1970, this Hungarian-born contrarian investor-philosopher created the Quantum Fund with Jim Rogers. It went on to return about 3,999%, compounded, over the next 30 years. Soros is famous for going short the British pound and earning $1 billion in a single day: Black Wednesday, 1992. He was dubbed the “Man who broke the bank of England” for his move, which forced major reforms to the British banking system. Today, he fights the “evils” of the U.S. brand of capitalism even while profiting handsomely from it (he’s worth an estimated $7.1 billion).

So there you have it: some of the top contrarian investors of our time, and the stories that got them there. They didn’t get caught up in the hype, and neither should you.

[Paulo1]

GPBCHF buy 1.50899 Stop 1.5037 target 1 is 76 pips and 2 is 110 pips.

Bid is now 5093

Sorry , thats the GBPAUD

All targets hit.

Am holding 1 small position.

Have also entered several trades on EURUSD and EURGBP.

[kblaze]

short E/U lookin for support at 1.35 and then 1.300...but who knows if the banking domino effect starts this weekend..

[Paulo1]

short E/U lookin for support at 1.35 and then 1.300...but who knows if the banking domino effect starts this weekend..

Opening has had a nice gap to 1.3566 on 5min. resistance zones to watch for sell entries are 1.3685, 3738 and 3850, Supports, 1.3540, 3429

EURJPY looks ok for a sell, 104.41 is key. would prefer to sell higher at 106.40 , 107.53 .

[Paulo1]

GPBCHF buy 1.50899 Stop 1.5037 target 1 is 76 pips and 2 is 110 pips.

Bid is now 5093

Sorry , thats the GBPAUD

GBPAUD , presently trading at 1.52770, area of concern is 1.5300/15. A solid break above that could see a move to 1.5478/5600. In all a nice trade so far.

[Paulo1]

short E/U lookin for support at 1.35 and then 1.300...but who knows if the banking domino effect starts this weekend..

Opening has had a nice gap to 1.3566 on 5min. resistance zones to watch for sell entries are 1.3685, 3738 and 3850, Supports, 1.3540, 3429

EURJPY looks ok for a sell, 104.41 is key. would prefer to sell higher at 106.40 , 107.53 .

eurjpy has had a close below 104.41 on the 1hr. I am short 104.90 and 104.63, current bid 104.30, target zone 100.50 , 95.68 and the july 2000 low 91.30 area. trame time 1 week to 1 month.

Still holding EU sell and GBPAUD buy from friday.

Edited September 12, 2011 by Paulo1

[Paulo1]

Cable support 1.5780, , watch 5800. has broken opening 5880 low.

Very likely a big move to the downside. Entries depending whether it retraces proir or becomes a breakout trade to the downside.

1.5819 is a huge zone,

Edited September 12, 2011 by Paulo1

[kblaze]

resistance at 5820..lookin to take profit around 5780..missed my chance earlier, expecting it to drop again

[kblaze]

resistance at 5820..lookin to take profit around 5780..missed my chance earlier, expecting it to drop again

resistance broken! doh!

[Paulo1]

Cable support 1.5780, , watch 5800. has broken opening 5880 low.

Very likely a big move to the downside. Entries depending whether it retraces proir or becomes a breakout trade to the downside.

1.5819 is a huge zone,

Cable. 1.5780 low was tested resulting in a recent low of 5772. Daily close 1.5856. Daily Pivot 1.5838. 4hr sentiment is sideways. No entry trigger at this point. Although for the more aggressive trader a long entry could be made from the daily. Buy limit 5820 stop 5776 target 5970.

EY tests 106.60 low 22/8/10, Daily candle/bar is a hammer/pinbar formation, deemed bullish. Confluence of support from 104.98, 104.65, 104,23, 104 17/15. patience needed and another factor to be aware of is BOJ intervention.

EU, still holding sells. Although have taken profits. Daily candle close does not look that bullish and as said previous look to sell rallies. 1.3854 zone ideal. and 3740, As always price action will dictate this.

GBPAUD Entry 1.5089 as posted here. current price 1.5327 total pips bank 253, still hold small position and am concidering another long entry at 1.5329 zone , open target.

(The number to watch now is 1.5204 for a higher close. So keep your stops wide as this could develop into a swing trade with 700 pip plus target.

GBPCAD. watching for a sell near 1.5790.

Patience is needed here once again.

Edited September 13, 2011 by Paulo1

[Paulo1]

resistance at 5820..lookin to take profit around 5780..missed my chance earlier, expecting it to drop again

HI kblaze,

Interesting to note you have 3 oscillators , macd, rsi and stoc on one chart. In my experience understanding 1 and using less is better. But hey, if its working mate, who am i to say otherwise.

Pending euro news this week i suspect euro will have considerable downside.

[kblaze]

resistance at 5820..lookin to take profit around 5780..missed my chance earlier, expecting it to drop again

HI kblaze,

Interesting to note you have 3 oscillators , macd, rsi and stoc on one chart. In my experience understanding 1 and using less is better. But hey, if its working mate, who am i to say otherwise.

Pending euro news this week i suspect euro will have considerable downside.

I'm a newbie, so I always welcome advice, thanks! I had 3 because of a system I was using before, but now yeah..its just clutter

[Paulo1]

resistance at 5820..lookin to take profit around 5780..missed my chance earlier, expecting it to drop again

HI kblaze,

Interesting to note you have 3 oscillators , macd, rsi and stoc on one chart. In my experience understanding 1 and using less is better. But hey, if its working mate, who am i to say otherwise.

Pending euro news this week i suspect euro will have considerable downside.

I'm a newbie, so I always welcome advice, thanks! I had 3 because of a system I was using before, but now yeah..its just clutter

Understanding trend is far more important than any indicator. I am a price action trader and i will use a stoc 14,3,3 for conformation only, never as the trigger. Once a trend in in play MACD works ok . But generally i don't look at them much at all. If you want any advice just ask. I would suggest studying some Steve Nison Candles or if you use Bar Charts, have a look at Martin Pring. Try trading from a weekly or daily chart. Draw your trendlines, then adjust on a lower timeframe. 4hr. Trade in the direction of the higher timeframes using the 4hr for you signal. Have alook back in this thread at the Gold 4hr sell i posted. that a good example. pic attached.

[kblaze]

@paulo, that was a nice gold set up, looks like a sell would have paid off over the following days..and looks like a big buy wick around the 1800 atm.

I agree about the 4H for trending, I try to follow that and the daily for overall trend and then the 15min for entering signals. Do you use the 200 ema much? Seems like some really like it as a border crossing, and some dont

[Paulo1]

@paulo, that was a nice gold set up, looks like a sell would have paid off over the following days..and looks like a big buy wick around the 1800 atm.

I agree about the 4H for trending, I try to follow that and the daily for overall trend and then the 15min for entering signals. Do you use the 200 ema much? Seems like some really like it as a border crossing, and some dont

Gold trade went to 1702.

I don't use the 200 that often. I use pivots instead, concentrating on confluence zones. I don't see anything wrong using the 200 or others, I just find I don't need it. I spend more time taken indicators off my charts than putting them on.

If you use a moving average trading method its commonly referred to as dynamic support and resistance method as the the MAs are moving and giving you different s/r zones.

Edited September 13, 2011 by Paulo1

[Paulo1]

Cable sell 1.5754 stop 1.5813 Targets 1.5688 and 1.5630

[Paulo1]

Cable sell 1.5754 stop 1.5813 Targets 1.5688 and 1.5630

If the 1hr candle closes at or above entry i am looking to close and get a better sell higher

[Paulo1]

Cable sell 1.5754 stop 1.5813 Targets 1.5688 and 1.5630

Positive close for the short bias. Looking at the weekly chart this break lower could produce 300 to 1500 pips. targets to be aware of are 1.5772 and 1.4815 and 1.4379.

Weekly Chart attached

If anyone has taken this trade , free beer for me.

I am also short Dragon from 121.18

Edited September 14, 2011 by Paulo1

[Paulo1]

Cable sell 1.5754 stop 1.5813 Targets 1.5688 and 1.5630

The following days after posted this trade i took small profits prior the move highyer which would have hit the stop.

I entered again at 1.5830 and after last nights move have book 300 pips profit and holding. Also short the EU from 1.3875 current price 1.3600 area

Entered long 9/9/2011 USDSGD at 1.2280 now 1.2950 at the high.

[Paulo1]

Buy USD.

sold another position on Cable at 5453 , NZD 7931

Already in the AUD sell, parity broken.

EURUSD has intraDAY SUPPORT 1.3497

Edited September 22, 2011 by Paulo1

[Paulo1]

GOLD, SILVER.

Gold breaks key support at 1750 . This completes a doulbe top on the daily chart, pending if you draw support at 1750 or a base at 1700.

Trendline from 19/10/2008 to the 30/1/2011 should hold as support.

$1500/$1600 is now the target and with DXY forming a new support level at 76 i see an advance to 79 maybe more which confirms the downside in gold and silver. Current price as of writing is 1738.38.

Silver, support 33.43, once thats taken out should see support at 29 .70 down to 26.40 and on the low low side 18.33.

In all this is great for traders and investors to set long positions lower.

GPBUSD trade has now produced over 400 pips

Edited September 22, 2011 by Paulo1

[Paulo1]

GOLD, SILVER.

Gold breaks key support at 1750 . This completes a doulbe top on the daily chart, pending if you draw support at 1750 or a base at 1700.

Trendline from 19/10/2008 to the 30/1/2011 should hold as support.

$1500/$1600 is now the target and with DXY forming a new support level at 76 i see an advance to 79 maybe more which confirms the downside in gold and silver. Current price as of writing is 1738.38.

Silver, support 33.43, once thats taken out should see support at 29 .70 down to 26.40 and on the low low side 18.33.

In all this is great for traders and investors to set long positions lower.

GPBUSD trade has now produced over 400 pips

And gold tanks to a low of 1628.82. plus 1423 pips. Have buy orders in place 1500/50

Silver plus 928.

Cable trade consolidates, am holding,

[Chivas]

Paulo1,

Wheres it all going buddy !!!

Returned from 2 months in Thailand and intended to get right back on the spread but as it turned out took another 2 weeks off. Opening account to find Silver around 30$ and Gold 1630$.

Where are we going !!!

[Paulo1]

Paulo1,

Wheres it all going buddy !!!

Returned from 2 months in Thailand and intended to get right back on the spread but as it turned out took another 2 weeks off. Opening account to find Silver around 30$ and Gold 1630$.

Where are we going !!!

What is taking place in the metals is a classic question of

margin clerks vs. the market; a game of "money" and not

a game of fundamentals. We've learned few things over

the years but we've lived through enough of these

"money games" such as this and we've learned this:

these games end when they end and not a moment

before. They end with one large name is forced to

liquidate; they end in panic and they end with a

bankruptcy of some enormous sort. Simply put, "money"

and "margins" trump fundamentals at these explosive

junctures and to try to apply supply/demand logic to a

market such as this at a time such as this is a dangerous

and silly thesis. The liquidation… whether forced or selfdetermined…

has yet to run its final course although we

shall go out upon a limb and suggest that for the very

short term, $1550-$1560 may prove to be a short term

bottom and a bounce may take prices back to $1670-

$1700 quite sharply but there will be sellers there again:

Dennis Gartman.

Edited September 27, 2011 by Paulo1

[Paulo1]

GOLD, SILVER.

Gold breaks key support at 1750 . This completes a doulbe top on the daily chart, pending if you draw support at 1750 or a base at 1700.

Trendline from 19/10/2008 to the 30/1/2011 should hold as support.

$1500/$1600 is now the target and with DXY forming a new support level at 76 i see an advance to 79 maybe more which confirms the downside in gold and silver. Current price as of writing is 1738.38.

Silver, support 33.43, once thats taken out should see support at 29 .70 down to 26.40 and on the low low side 18.33.

In all this is great for traders and investors to set long positions lower.

GPBUSD trade has now produced over 400 pips

And gold tanks to a low of 1628.82. plus 1423 pips. Have buy orders in place 1500/50

Silver plus 928.

Cable trade consolidates, am holding,

!550 and 1535 buy limits triggered, stops 1470

Silver longs triggeed 26.50 stops 25.70

Edited September 27, 2011 by Paulo1

[Paulo1]

GOLD, SILVER.

Gold breaks key support at 1750 . This completes a doulbe top on the daily chart, pending if you draw support at 1750 or a base at 1700.

Trendline from 19/10/2008 to the 30/1/2011 should hold as support.

$1500/$1600 is now the target and with DXY forming a new support level at 76 i see an advance to 79 maybe more which confirms the downside in gold and silver. Current price as of writing is 1738.38.

Silver, support 33.43, once thats taken out should see support at 29 .70 down to 26.40 and on the low low side 18.33.

In all this is great for traders and investors to set long positions lower.

GPBUSD trade has now produced over 400 pips

And gold tanks to a low of 1628.82. plus 1423 pips. Have buy orders in place 1500/50

Silver plus 928.

Cable trade consolidates, am holding,

!550 and 1535 buy limits triggered, stops 1470

Silver longs triggeed 26.50 stops 25.70

Profit 1 target 33.98 2, 38.00

gold 1704

[Paulo1]

Cable confluence support zones are 1.5530, 1.5518, 1.5506 and daily pivot s1 is 1.5466

[cacique]

Hi Paulo1,

May I ask if you calculated "confluence support zones" by Joe Dinapoli's D-level formula?