FOREX - Trends, Forecasts and Implications (Episode 5: July 2011) - page 31
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These are mystical rituals, and there the stakes are higher than money, there is Life and Soul.
Although there are people who can cash in on metaphysics.
I had one friend, his intuition is amazing, he won the lottery and Forex, his record was 200 quid on the lottery and even more on the forex.
The only problem was that he said that the money he got came out of the lottery and then went straight down the drain.
Metaphysics is serious.
You are right, the indicator also shows. I am surprised why nobody uses the indicator at least for estimating the moment of turn, trend and flat characteristics. You should read the number of bars since the trend's beginning and set the number 30 in the parameters. At present, on H1 this figure is 13 and the indicator clearly shows the reversal moment. It can be used at least for information, so as to guess less.
Because tomorrow at 15-45 Moscow time the fun starts from ECB...
And what is the essence of the indicator in a nutshell, superformulas aside?
probably...
I wish there was a smiley face...
What about the australian rate, have they left it unchanged? Is it pigeonholed or hawkholed?
I wonder what will happen to the New Zealander, what their GDP will turn out to be...
What about the Aussie rate, did they leave it unchanged? Is it pigeonhole or hawkish?
Yes, left unchanged... Some support for the Aussie dollar comes from expectations of strong Australian unemployment data on Thursday.
The change in the number of employed people in June according to the latest forecasts will be +15300 against +7800 in the previous period.
But the Chinese have upgraded and Modis is threatening to downgrade them... on news like that, the eu went down...
Plus the German taxpayers are suing to keep the bailout for Greece...
The market is confident that the European Central Bank will raise its key interest rate from the current level of 1.25% on Thursday, 7 July. Furthermore, it is clear that the Bank of England will keep the cost of funding unchanged at 0.5% at its meeting on the same day.
Any surprises in this regard are unlikely. Nevertheless, analysts at J.P.Morgan still believe that tomorrow's events can be used to develop a trading strategy. In their view, the focus should be on the tone of central bank statements.
Experts expect ECB President Jean-Claude Trichet to sound hawkish, while Bank of England management will provide dovish comments. The natural inference from such assumptions is a recommendation to buy EUR/GBP. J.P.Morgan advises to open long positions at 0.8960, putting stops below 0.8870 and targeting 0.9200.
The next rate hike in the Middle Kingdom is linked to heightened inflation risks. The annual inflation rate was 5.5% in May, the highest in 34 months.
The Chinese economy has weathered the crisis rather easily, but with rising export revenues and a surge of liquidity from the US (China's main trading partner), the prices of basic commodities have started to rise like clockwork. The Chinese central bank is trying hard to curb this process, which is perceived by local functionaries as a major threat to social stability.
Thanks for the mantras )))))))
To: DragonSL
The video is more of a "live like D. Carnegie" kind of video.
BBC video: This graphic shows what has gone wrong and why Greece's problem could become a global one
http://www.bbc.co.uk/russian/multimedia/2011/07/110704_v_eurocrisis.shtml