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Realities of Forex Investment
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hisah
#641 Posted : Monday, January 17, 2011 5:54:12 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
qw25041985 wrote:
@ hisah . i know u trade this indices .S&P 500 will correrect soon....by tuseday ...

guyz this isnt good for the euro long....woooh anto those who have trades (long) on euro/usd into the weekend :EURO is a short come Monday !

http://www.bloomberg.com...h-outlook-negative.html


Definitely a correction is in the cards, but the indexes especially US markets simply refuse to comply since October 2010. I had commented about the same here - http://www.wazua.co.ke/f...amp;m=138557#post138557

Paulson has also noted the same on the long term S&P chart. You can get more info here as he also discusses the USD index (EUR/USD correction plus equities due to $ strength) and the looming gold correction - http://www.elliottwavema...wrap-january-14th-2011/






$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Monday, January 17, 2011 5:58 PM | Reason: Not specified
hisah
#642 Posted : Monday, January 17, 2011 6:16:49 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
On the weekly charts the EUR/USD 50% fibo at 1.3572 while the daily SMA100 lies at 1.3522 which also happens to intersect with the upper bollinger band. The daily the correction target aims at 1.3220 - 1.3180 where I expect a final bull move towards 1.34 - 1.35 levels at which point the weekly 50% fibo, SMA100 daily plus daily upper bollinger band will offer some solid resistance for a short opportunity.

As for commodity pairs, I prefer selling AUD/NZD. The weekly and especially the monthly charts are very bearish. This pair has some distance to correct all the way to 1.26 before so solid support comes in. Failure of support at 1.2600-50 level would lead to a larger correction to 1.24 - 1.2380 level. This also means the Aussie will be weak during January.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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qw25041985
#643 Posted : Monday, January 17, 2011 7:37:35 PM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
@ hisah . u must be very rich s&p 500 has been rallying since dec 6 th to be precise.Gosh !!!!! w/ financial stocks leading the way.i am also shorting aud pairs heavily..once i get the go ahead from the correction on s&p 500 . USD/Jpy on the daily chart if u'll look is forming a bull flag and has been held quite well by that 0.50 fib level...i am waiting patiently for a breakout coz you know bullflags lead to very volatile moves.
As for eur/usd i still feel that it very bullish as today's move was capped to the downside by the 32.8 fib level...i think its poised to move even higher...
BOC (bank of Canada) giving interest rate kesho so be on the look out for breakout trades on usd/cad thats been dorn\mant for a very longtime ...Tommorrow we are in full swing w/ u.s resuming trading

Happy tradin.
Your future depends on your dreams so go to sleep !
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fxtech
#644 Posted : Wednesday, January 19, 2011 6:56:27 AM
Rank: Member

Joined: 5/31/2010
Posts: 325
Location: NAIROBI
A matter of patience to see where we headed next,

EURCHF looks bullish waiting for a break n hold above 1.2936 to enter long
Discipline & sticking to your strategy even when you loosing defines great traders.
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qw25041985
#645 Posted : Wednesday, January 19, 2011 6:59:14 AM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
just long all euro pairs coz euro/usd is headed for a major rally coz of sovereing buyin..
Your future depends on your dreams so go to sleep !
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fxtech
#646 Posted : Wednesday, January 19, 2011 1:52:00 PM
Rank: Member

Joined: 5/31/2010
Posts: 325
Location: NAIROBI
@qw I gess you are right but EURUSD, I will hold trading it for some few more hours

EURCHF I will be trading it
Discipline & sticking to your strategy even when you loosing defines great traders.
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qw25041985
#647 Posted : Wednesday, January 19, 2011 2:01:21 PM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
HOLY Crap......this euro has caught me off guard .....its now range trading...nkt.nkt... I am done for the day w/ 0 pips ..will be back in N.Y session..
Your future depends on your dreams so go to sleep !
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fxtech
#648 Posted : Wednesday, January 19, 2011 11:54:45 PM
Rank: Member

Joined: 5/31/2010
Posts: 325
Location: NAIROBI
USDCHF BEARISH & might test 0.9325 area.

Discipline & sticking to your strategy even when you loosing defines great traders.
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fxtech
#649 Posted : Thursday, January 20, 2011 7:20:00 AM
Rank: Member

Joined: 5/31/2010
Posts: 325
Location: NAIROBI
Markets finally opening up,

NZDUSD SHORTS setting up

EURUSD watchng if BULLS win these battle

GBPUSD H4 Candle close below 1.5925 might signal further bear moves

AUDUSD largely turning BEARISH
Discipline & sticking to your strategy even when you loosing defines great traders.
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  | | Edit by user: Thursday, January 20, 2011 8:34 AM | Reason: Not specified
Ceinz
#650 Posted : Friday, January 21, 2011 1:05:54 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
What a week. Plenty of opportunities but I still managed to post losses. Sorry for not keeping u posted, promise to update u on my trades next week.
“small step for man”
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