Wazua
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Realities of Forex Investment
Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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USDCAD SL Moved to 0.9870, the trade is now risk free. Waiting for confirmations on other pairs to place trades. Discipline & sticking to your strategy even when you loosing defines great traders.
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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I'M LONG NZDUSD@0.7634 TP 0.7684 SL 0.7580 Discipline & sticking to your strategy even when you loosing defines great traders.
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Rank: User Joined: 5/9/2010 Posts: 1,418 Location: Nai
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risk appetitie back on scene...euro shld have a good day if spains bond auction goes portugal way....on other news waiting for confirmation set-up on euro/usd for a trade long or short ....it might range as we wait for spain bond sales results ???? Your future depends on your dreams so go to sleep !
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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Trade entered: GBPUSD @ 1.5772 TP 1.5800 SL 1.5695 “small step for man”
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Rank: User Joined: 5/9/2010 Posts: 1,418 Location: Nai
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i am also long cable (gbp/usd) . i am long eur since now the confidence has been reinstalled w/ the successfull spanish italian bond auction NY will come to push it up...as massive 200 pips as usual..so long eur/usd . Your future depends on your dreams so go to sleep !
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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NZDUSD moved my SL to break-even, holding on to the trade, @qw &ceinz I bet we are long on the pairs,i'm sure u will make sth, GBPUSD Head&Shoulder on the weekly chart, so we might see bull move to 1.5950 or thereabout b4 heading south. Discipline & sticking to your strategy even when you loosing defines great traders.
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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Ceinz wrote:Trade entered: GBPUSD @ 1.5772 TP 1.5800 SL 1.5695 My long psn ammended:: TP 1.5820, SL 1.5716 “small step for man”
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Short EUR/USD @1.3220, SL 1.3305, TP1 1.3120 and TP2 open for now, but looking below 1.3000. Reasons for this trade - 61% fibo retracement on bearish weekly candle last week from the 1.2875 low and overbought RSI on 5mins, 15mins, 30mins, 1hr, 4hr time-frames. The 5min window also shows RSI to slow stochs bearish divergence setup. Please note this is a weekly trade and risky as a daily trade. I will review this next Thursday. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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Ceinz wrote:Ceinz wrote:Trade entered: GBPUSD @ 1.5772 TP 1.5800 SL 1.5695 My long psn ammended:: TP 1.5820, SL 1.5716 TP Triggered, Fxtech I shud have heeded ur target and set a larger TP. “small step for man”
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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hisah wrote:Short EUR/USD @1.3220, SL 1.3305, TP1 1.3120 and TP2 open for now, but looking below 1.3000. Reasons for this trade - 61% fibo retracement on bearish weekly candle last week from the 1.2875 low and overbought RSI on 5mins, 15mins, 30mins, 1hr, 4hr time-frames. The 5min window also shows RSI to slow stochs bearish divergence setup. Please note this is a weekly trade and risky as a daily trade. I will review this next Thursday. Hmmm... Interesting, my trades are stopped out in less than an hour despite the overbought time-frames. Seems the Chinese pledges to buy Spanish and Portuguese bonds have boosted the euro bulls. I still skeptical on the euro prospects due to the debt concerns, but for now I stand aside. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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@hisah oooh sori, EURUSD watching 1.3400 for possible reversals, hopefully, NZDUSD Trade on track Discipline & sticking to your strategy even when you loosing defines great traders.
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Rank: User Joined: 5/9/2010 Posts: 1,418 Location: Nai
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Hahah. who want to short the euro.....please listen to Mr.Market and let him tel you where he's goin.....bagged 150 or so pips on that eur/usd bull ran....i am of the opinion the price needs to take a break and that i'll be during asian sesion... cable did me proud also today... @ fxtech . i hope you bagged all those pips . Damn those Chinesse and Japanesse mean business Your future depends on your dreams so go to sleep !
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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EURUSD & GBPUSD is the BULLISH momentum wearing out? Only the market prices will tell @qw gud to hear u ans ur qxn of ' whn did the EUR make 120 pips, n asked me to stop lies' Discipline & sticking to your strategy even when you loosing defines great traders.
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Rank: User Joined: 5/9/2010 Posts: 1,418 Location: Nai
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@ fxtech . at time you do lie ...by finding trends in ranging markets....Asian markets closed low so did U.S markets ( as a matter of fact all indices)....i believe we will see a correction soon.... Momentum will be put to check today....if s&p 500 reverses coz it over due we shld see a huge fall in risk appetite.... Your future depends on your dreams so go to sleep !
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Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA
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My Ichimoku clouds did a good job predicting the bull run. However I stayed out to avoid event risk. I now eagerly await a signal as the prices are trading way above the cloud. We are trading wave 3 of the Elliot wave and I expect wave 4 correction, then a wave 5 bull run and only then would I consider shorting the Euro (if my other indicators allow it). I trade evenings so I will let you know what I do in the mornings or in the evening. Keep tuned. Thank you.
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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Bagged 20 pips on the euro (Minus the spread). Entered @1.3373 and TP hit at a 1.3393. I love trading the news. Next opportunity @ 12.30 on the cable, PPI Report. In the same note I would like to invite a friendly debate on Technical Vs Funamental trading. My belief is that a good trading style should be biased on fundamentals. “small step for man”
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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Shud have let the profits run. So far euro 50 pips up from my TP. “small step for man”
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Rank: New-farer Joined: 8/6/2010 Posts: 26
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Ceinz wrote:Bagged 20 pips on the euro (Minus the spread). Entered @1.3373 and TP hit at a 1.3393. I love trading the news. Next opportunity @ 12.30 on the cable, PPI Report.
In the same note I would like to invite a friendly debate on Technical Vs Funamental trading. My belief is that a good trading style should be biased on fundamentals. A good trader should be able to use both technical and fundamental. A good mix of both should yield more successful trades than use of either. I think there are signals you may never see in fundamental news that you will always see in technical and vice versa.
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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kasheshe wrote:Ceinz wrote:Bagged 20 pips on the euro (Minus the spread). Entered @1.3373 and TP hit at a 1.3393. I love trading the news. Next opportunity @ 12.30 on the cable, PPI Report.
In the same note I would like to invite a friendly debate on Technical Vs Funamental trading. My belief is that a good trading style should be biased on fundamentals. A good trader should be able to use both technical and fundamental. A good mix of both should yield more successful trades than use of either. I think there are signals you may never see in fundamental news that you will always see in technical and vice versa. Good observation, Kasheshe. “small step for man”
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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Just lost 50 pips on the cable. Price 1.5851 SL hit 1.5810. Truly the market gives n takes away. “small step for man”
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