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Realities of Forex Investment
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fxtech
#721 Posted : Monday, February 14, 2011 7:02:21 PM
Rank: Member

Joined: 5/31/2010
Posts: 325
Location: NAIROBI
@qw, I have been watching EURUSD, I bet we might see a strong bear pressure, currently re-gaining days losses but will be watching for a bear setup once again.

@protege, I'm sure u will enjoy these forum n u are free to contact me in person I will assist where I can n I dnt professe to know it all, maybe u cn also handpick one of the members

Discipline & sticking to your strategy even when you loosing defines great traders.
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Ceinz
#722 Posted : Tuesday, February 15, 2011 8:21:34 AM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
AUD/USD Long entry @ 1.0043 (Mkt), SL 1.0000. TP 1.0100. Rsn: rising trend line on the 1 hr, stockstic not yet at the overbought zone.
“small step for man”
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qw25041985
#723 Posted : Tuesday, February 15, 2011 8:39:15 AM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
Ceinz wrote:
AUD/USD Long entry @ 1.0043 (Mkt), SL 1.0000. TP 1.0100. Rsn: rising trend line on the 1 hr, stockstic not yet at the overbought zone.


dnt you think you are risking my friend...1.0057 has proven to be a very strong resistance. why dnt u wait until it closes above that number during london session then enter your long...Just look at ur one hr chart and place a horizontal line on that number 1.0057 then u'll see what i mean...
by the way there's allot of resistance goin up so you might want to reconsider your long.Lets see how it plays out ...Gud luck.
Your future depends on your dreams so go to sleep !
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kasheshe
#724 Posted : Tuesday, February 15, 2011 8:48:50 AM
Rank: New-farer

Joined: 8/6/2010
Posts: 26
Ceinz,

It might assist to look at the 4h chart as well which is trending on a downward channel. I would not go long on this one at the moment. I am looking to enter short once I confirm my indicators. Remember today there are quite some heavy announcements on the economic calender that may as well cause volatility.
All the best.Pray
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Ceinz
#725 Posted : Tuesday, February 15, 2011 3:45:14 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Ceinz wrote:
AUD/USD Long entry @ 1.0043 (Mkt), SL 1.0000. TP 1.0100. Rsn: rising trend line on the 1 hr, stockstic not yet at the overbought zone.


position exited @ 1.0015. 28 pips loss(Plus spread).
“small step for man”
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The Merchant
#726 Posted : Tuesday, February 15, 2011 9:11:50 PM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
TRADE: SELL EUR/CHF @ 1.30610
TIME: 2030H NAIROBI
SL & TP: -30,+30
TIME FRAME: 1D
INDICATORS: ICHIMOKU, MACD,BBs
smile
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The Merchant
#727 Posted : Tuesday, February 15, 2011 9:15:07 PM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
Look out for oil. Trend seems rather bearish right now. Lets wait for a confirmation tomorrow. Good night all.
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qw25041985
#728 Posted : Wednesday, February 16, 2011 8:37:28 AM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
EUR/GBP – Heads & Shoulders, Update 2 – Higher Inflation Expectations Driving Sterling Strength

H&S Neckline Test?

The sterling has been a major beneficiary of market participants’ appetites to price in UK rate hikes sooner rather than later, GBP/USD is up about +3.41% Y-T-D. As a result, EUR/GBP has broken down from the 0.8670/75 Jan. 26 ’11 highs to current levels around 0.8365. The cross seems destined to test key 0.8340/50 support, neckline for a H&S continuation pattern, which would have a measured move objective towards the 0.7700 figure on a daily close below.key psychological support around 0.8005 and the remainder ahead of the H&S measured move objective around 0.7705 gives a risk reward ratio of about 2:1.

look at image below :

[ img] http://www.actionforex.c...forexcom/2011021611.gif [ /img]
Your future depends on your dreams so go to sleep !
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  | | Edit by user: Wednesday, February 16, 2011 8:42 AM | Reason: Not specified
Ceinz
#729 Posted : Wednesday, February 16, 2011 7:35:01 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
52 pips on EUR/CHF, scalping is coolDrool.
“small step for man”
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hisah
#730 Posted : Wednesday, February 16, 2011 9:11:28 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Why am I smelling a US dollar squeeze soon. IMF gives Kenya gov 40B aid and some to be used to hedge forex fluctuations... Look at the Rand, TZ and UG shilling. I think the Rand (ZAR) is bound to test 8.000 on the USD/ZAR rate. I'm looking to sell the Rand when the squeeze is confirmed after breaking 7.4500.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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