G-unit pimpin on forex

[ecology10]

XAUUSD (Long Position) @617.50 (Currently +480 pips CLOSED)
AUDUSD (Long Position) @0.7833 (Currently +9 pips OPEN)

Will close all position before this weekend. It has been a good (Q4 2006) with 1000+ pips in roughly 3 months (All live calls).
Will be off next week happy holidays ... Looking foward to the new year. Will add another thread to post medium-term keep this for scalps 1-2 day trades.

-730+56+85+39 +88 +130 +52 +81 +995 +25 -400 +134 +480= +1035 pips

[ecology10]

I wanted to UPDATE ON AUDUSD in my opinion the bulls are in place AUDUSD (Short-term Target is 0.7940).

AUDUSD (Long Position) @0.7833 (Currently +7 pips OPEN)

[ecology10]

I hope -everybody had good holidays I just wanted to drop in say AUDUSD was not closed before the weekend I am still bullish on the p going into 2007. I came across this article today in the Financial Express thought wow this is very bullish news

1. China lowers its trading (limit or threshold) to attract small private investors. Last time it happened to forex industry when the internet boom helped increase forex volume by as much 50% in 3 years. This is not as big but can have a significant impact on trading interest (1 billion people ...).
2. Why now? Has china's bank diversified into gold before this (with 1 trillion sitting around) so to see it soar now? Its smart if they did ... 2007 watch out could be the gold year at least a quarter I presume. Equities gain might hold of the bulls for now but gold silver seem to be bullish however lower price (Maybe) required to gain more buying interest !!! lets see

China lowers gold trading threshold for small private investors 12/27/2006 SHANGHAI Dec. 26 (CEIS):In a move to attract small private investors China yesterday lowered the trading threshold at the Shanghai Gold Exchange (SGE) one kilogram to 100 grams. SGE sources said 100-gram gold bars which debuted Monday at an initial price of 160 yuan (20.5 U.S. dollars) per gram started spot trading at an opening price of 157 yuan per gram then remained flat for the entire trading session closing at 157 yuan per gram a drop of three yuan. During Monday's trading only 0.4 kg or four gold bars of this type changed hs transactions amounted to only 62800 yuan. However business was brisk for other types of gold. 2359 kg of two other conventional types of gold were traded 1506 kg of gold listed for trading delay (T+D). An SGE spokesman blamed the poor market performance of the newly premiered 100-gram gold bars on a the Christmas holiday season. Industry experts still believe China's latest move will help diversify gold investment channels in the country stardize the market for gold transactions. In July last year the SGE proposed spot trading of gold by private investors in cooperation with the Industrial Commercial Bank of China (ICBC). However the one-kg 160000 yuan (20000 US dollars)threshold turned off many private investors. The volume of spot transactions by private investors in the first ten months accounted for just 0.57 per cent of total trading.

[ecology10]

UPDATE ON THE DAILY GOLD CHART ...
(remember Bullish Gold ---> Translates into Bullish AUD)

See the Polygon drawn (In light Blue) represents the consolidation area break $650.00 will put gold into bullish channel T1 $700.00(Gold spot price mentioned here a squeeze to 650.00 can be expected if not further).

[ecology10]

QUICK UPDATE
AUDUSD (Long Position) @0.7833 (Currently +77 pips OPEN)

Also I posted the gold chart it seems people are setting up for a major move in jan 2007. Gold has been up 4-sessions Have long-term position in gold no scalps for now ... will scalp at corrections in gold

-730+56+85+39 +88 +130 +52 +81 +995 +25 -400 +134 +480= +1035 pips

Originally Posted by ecology10

UPDATE ON THE DAILY GOLD CHART ...
(remember Bullish Gold ---> Translates into Bullish AUD)

See the Polygon drawn (In light Blue) represents the consolidation area break $650.00 will put gold into bullish channel T1 $700.00(Gold spot price mentioned here a squeeze to 650.00 can be expected if not further).

[ecology10]

Year Is Ending last quarter of 2006 --> 1035 pips + 1 open position AUDUSD
Started Scalping in October also used pyrammid startergies (when ps ranged for break-out(s) like EURUSD EURJPY AUDJPY (accounted for major pip gains overall; EURUSD gains are not included in the overall (1035pips) as it was called in different thread (long-term trade). Otherwise good overall scalps only 2 losers in gold. Gold was quite volatile made up the losses in it buy gold itself so not bad.

Silver is quite bullish for Jan 2007 watch out exp. T1 $14.00

Saying goodbye to 2006 this is seep signing off for this week the year. Happy New Year will see you on 2nd Jan 1:00 AM CST

[ecology10]

Happy New Year to all the readers.

I have decided to add another thread "PaisaFX - 90 Minute trade" which follows simple techniques method for intra-day traders. As the name suggests all trades are closed within 90minutes or (10-30pips gain).For more details check out my site (see profile). I will still keep this thread for occasional 2-5 day trades.
Please join me in discovering this new strategy...

I wanted to update my overall performance for Q4 2006 as the last trade AUDUSD closed at (-33 pips) bringing down the overall pip gain to 1002 pips. Not complaining by any means. Commodities saw a early correction last week expect some technical physical buying in Asia. Overall I am still bullish on gold silver.

-730+56+85+39 +88 +130 +52 +81 +995 +25 -400 +134 +480 -33= +1002 pips

PaisaFX

[ecology10]

Commodities are up dollar is at its high. Gold seem to have shrug off the dollar the oil; rallying $15. PaisaFX is still bullish on commodities. Which inturn makes commodity currencies like AUD NZD CAD bullish. However recent US. dollar strength has limited their gains. More short-term dollar strength can be expected until 2007 data starts coming in.
Because of warm weather Christmas dollar has been saved.But as retail data dies down showing less consumption:: more saving. GDP will show sign's of weakness.

Trade Play Canadian Dollar.
Oil has dropped significantly if oil finds a bottom will buy the CAD. Next Week
Next week for Dollar:
Empire State Survey:
PPI report (inc/ exc)
CPI report(inc/ exc)
Initial Claims
Univ. of Michigan sentiment
Housing Starts: