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I have new developments! I don't really want to start an 'official journal' here on futures.io (formerly BMT); so--some 'deep thoughts' to follow...
Let's go right to the markets here as they opened about 80 minutes ago.
6E: I am holding for 1.29 and 1.31 and higher. Longer-term swingtrade. This is my campaign trade that I began putting positions on @the very low cycle day of 6/01/12
GC: This is long right here and right now. Everyone knows about my long GC from May 14th longer-term cycle low {well, maybe you don't}?
Reward is HUGE; risk is a breach of the triple bottoms that began last September.
I am talking about Gold now stairstepping up up & up methodically.
***note*** I am LONG alot more Silver than I am Gold {way more upside potential}.
Do your own work on Silver; besides--not many people here will ever trade Silver, or maybe you do? I don't know you. Silver is LONG NOW and ride it higher.
Silver held at the 'last stand' position on early Friday a.m. and went 'black' and will NOT go back for quite some time. Commercials had record-low 'short' positions; they are always wrong at turning points. So there you go {LONG}.
Those 'cum-mersh's' are going to get squeezed soon; so f*ck 'em all. : )
If a trader is short gold or silver; you HAVE to reverse or you are sh*t out of luck.
Risk is low to $25.00 with Reward up to $32.50 and $37.50++
This is a 'campaign' trade for me (along with my 6E campaign trade). See my last comments BELOW my signature for how I trade campaign trades and swingtrades.
U.S. Dollar: Oops! Short that fiat garbage. It gave up the ghost on Friday.
CL: I am neutral but will have a swingtrade on this in another week or so.
U.S. Indices: Normal indications are for test of 1260 area basis S&P cash and lower to 1207.50 S&P cash. However, don't step in front of this freight train until you can confirm at least a shorter-medium term NEW downtrend {after the bamboozle on early Fri. overnight USA est}.
Trade what you see...
For now--it will be a busy next 16+ hours. And I am starting my workweek as of 80 minutes ago.
peace
hedvig
I do have a week long vacation coming up overseas; markets permitting though (after this week is over). I am hopeful I can get a full 5 days off--it is up to the markets though.
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***6E and SI are a campaign trade and I trade it differently than shorter-term swingtrades. I expect to be trading in and out of EUROFX futures and EURUSD forex positions and SI futures {anticipated multi-month uptrend} until at least Labor Day.
I can and do trade a purely technical 'top-down' swingtrade methodology for shorter-term trades in many asset classes that uses common indicators.
For campaign trades, esoteric methods {Geometry, Planetary Spatial Analysis & Gann} are more accurate for giving me the larger picture.
Current Moon Longitude Situation on 4 hour MT4 chart
Looks like we can now have another uptrend for new highs...
Still buying retraces and selling new highs. Anticipate doing this until at least Labor Day '12.
Astrology fascinates me for longer-term swing & campaign trades (along w/planetary 'spatial geometry' & non-linear geometry). To think all religions of the world and their mythology and their allegorical & metaphorical origins and 'stories' are based on the stars is amazing to me.
People had so much free time back then and simply looked up at night when it got dark~~clarity, indeed. As above--so below.
I prefer Eastern Astrology--far east (think Hindu & Chinese); for this western white boy it is a nice change of pace.
Not mundane astrology--going further. They should teach it in schools!
Some more groovy moon stuff from the esoteric mind of hedvig...
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***see attachment***
Daily Moon baby! Double top; will we rise into end of July?
'trade what you see'~~indeed!
I wanna kiss Merkel! She 'sealed' the deal.
Great commentary from my 'lifestyle slave' that does economic commentary; she is a good girl! It is in quotes below! Below the dashed line...this is from July 1st, 2012
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"The European Union is a creation of global elitists, the Bilderberg et al, in pursuit of their long-term goal of a world government. Whether this is a good thing or not depends in large part on whether politicians in positions of great power can be trusted to behave fairly and responsibly. In deciding if this is the case you have plenty of empirical evidence to assist you in making up your mind, based on their activities and antics of the past several years and their consequences for the global populace.
The core problem of the European Union, that has led to the major crisis that it now faces is that it is, or has been up to now structurally dysfunctional. When the European Union was created the levels of integration and cooperation necessary to make it run smoothly were simply not possible because the citizens and electorates of the individual states within it refused to cede sufficient sovereignty to achieve this, and many politicians were similarly inclined - it would take a "back to the wall" steadily intensifying crisis such as we have seen over the past several years to make them yield. Here we should note that many politicians in Europe are as much in the dark as those they rule with regard to the master plan of the elites, and they have dug their heels in defending what they view as their national interest, a prime example being Mrs Merkel of Germany - but the situation had become so extreme that she and others like her have finally been forced to give significant ground.
The kind of crisis that we have witnessed in Greece over the past several years would be unthinkable in the United States, which is, in comparison, truly united. Imagine say Alabama or Kentucky going bankrupt - would the rest of the country just stand by and watch and do nothing to assist? - of course not. This is why Thursday night's agreements were such a watershed - they represent a giant stride towards true union in Europe which should prevent individual states being abandoned to their fate in the future.
Once you grasp what is written in the paragraph above, and the markets certainly did yesterday, you will also understand that the immediate fiscal crisis in Europe is set to ease substantially, as the Union is now committed to step in to support bond markets to keep interest rates under control. THAT is the reason markets rallied so strongly yesterday and why the rally looks set to continue. Could this have been anticipated before last Thursday? - on the basis of precedent probably not, as there had been something like 18 European summits preceding this latest one which achieved little or nothing. The COTs and sentiment, however, did show extreme levels of pessimism that should have set more alarm bells ringing. We were of the view that the summit would probably achieve little and that we would see one last plunge into a low that would promote drastic action. Such did not prove to be the case. What we have repeatedly referred to as the “discordant buffoons” in the recent past showed a rare “cordancy” on Thursday night – perhaps simply because they to get the whole thing over with and get to bed. What about the fact that the debts and liabilities in Europe will turn out to be far in excess of the woefully inadequate €500bn war chest of the European Stability Mechanism? - that is a problem which they will attempt to solve by means the printing press, and when Europe gets printing in earnest, the US Fed is not going to be outdone. Now we come to the practical matter of how significant this reversal is. The short answer is very significant, as pressure will now come off the European bond markets - this is why the euro soared and the dollar tanked yesterday. With a major fundamental roadblock suddenly removed, the current COT structure in many markets and the extremely negative sentiment going into Thursday's momentous agreements have created the conditions for a really powerful rally."
Does anyone know a website where I can get a 3min bar chart of the EUR/USD forex?
I'm checking in while at the day job. I don't need real-time, delayed data is fine, but when I'm thinking about what I did right or wrong later in the day, I need the chart.
I tried World business, finance, and political news from the Financial Times - FT.com but it only shows a line, not actual bars. That's kind of frustrating - and especially yesterday I admit it was Independence Day in the US but the FT chart showed it didn't touch 1.2600 in the morning and yet I know I'd traded there.
You can discover what your enemy fears most by observing the means he uses to frighten you.
Not very convincing ..... the European crisis is not over. Any steps of debt mutualization do not bring Europe forward, it is just a way to reward those who have not observed budget discipline.
