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Realities of Forex Investment
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hisah
#1071 Posted : Tuesday, July 12, 2011 10:51:50 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
@Fxtech - very nice trade on NZDUSD - It has fallen very hard from all time highs... Is it about to do an aussie...

USDJPY and EURCHF - these ones attract the interventionists all the time. I'd rather play along the bankster injections... It is easier to make money and less headache joy riding their steriod job. For short term trades, well it is easy to short, but since I'm into swing trades, thus I avoid them.

EURUSD and GBPUSD for some months now they're acting up. Can't tell where the pound wants to be...

EURCAD c'mon break that 1.35... in 3, 2, 1...

Update - Even before we reach wednesday EURCAD sinks to 1.34s. If Italian bonds fail at auction on Thursday... No comment.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Tuesday, July 12, 2011 10:44 PM | Reason: Not specified
mwanahisa
#1072 Posted : Tuesday, July 12, 2011 11:33:43 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
I can seemassive drops in the Euro and Pound against the USD. Forex traders short these currencies must be on a roll today.
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fxtech
#1073 Posted : Tuesday, July 12, 2011 12:31:33 PM
Rank: Member

Joined: 5/31/2010
Posts: 325
Location: NAIROBI
Closely watching GBPUSD, GBPJPY, GBPCHF EURAUD EURCAD
ALL 4 Long setups
Discipline & sticking to your strategy even when you loosing defines great traders.
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hisah
#1074 Posted : Tuesday, July 12, 2011 12:38:56 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
fxtech wrote:
Closely watching GBPUSD, GBPJPY, GBPCHF EURAUD EURCAD
ALL 4 Long setups



Will also play a small EURCAD long at 1.3650 - TP - 1.3700, then add shorts from 1.3750 - 1.3800 for the next dive below 1.34s

@Qw - I'm long EURCHF at 1.1560 with a very tight stop @1.1540 - lot size 0.2. It is in intervention territory and at all time lows. TP - 1.17, but I'll trail the stop to make it less of a headache to manage.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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tonicasert
#1075 Posted : Tuesday, July 12, 2011 1:26:38 PM
Rank: Member

Joined: 3/10/2008
Posts: 301
Location: Abu Dhabi
Wow what a crazy day with the EURUSD dropping like falling knives!
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hisah
#1076 Posted : Tuesday, July 12, 2011 3:02:29 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
ISDA really did something very silly by ensuring no EU CDS would trigger during a credit event. If one is exposed in this deathly eurozone market, the only way to hedge your positions is to sell out... How do they expect the euro not to be sold? Danderheads...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Tuesday, July 12, 2011 3:28 PM | Reason: Not specified
hisah
#1077 Posted : Tuesday, July 12, 2011 3:48:44 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
hisah wrote:
fxtech wrote:
Closely watching GBPUSD, GBPJPY, GBPCHF EURAUD EURCAD
ALL 4 Long setups



Will also play a small EURCAD long at 1.3650 - TP - 1.3700, then add shorts from 1.3750 - 1.3800 for the next dive below 1.34s

@Qw - I'm long EURCHF at 1.1560 with a very tight stop @1.1540 - lot size 0.2. It is in intervention territory and at all time lows. TP - 1.17, but I'll trail the stop to make it less of a headache to manage.

And there we go, EURCHF boosted and back above 1.17. TP hit and 266 pips banked smile

Btw this reminds me of Bear Stearns back in March 2008. When one would sell euros during asia/europe open & buy them when us opens... The game is coming back...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Tuesday, July 12, 2011 3:57 PM | Reason: Not specified
fxtech
#1078 Posted : Tuesday, July 12, 2011 5:04:30 PM
Rank: Member

Joined: 5/31/2010
Posts: 325
Location: NAIROBI
going long gbpusd, gbchf eurcad euraud anytym frm now
Discipline & sticking to your strategy even when you loosing defines great traders.
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hisah
#1079 Posted : Tuesday, July 12, 2011 5:38:05 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Small short trade taken on EURJPY @ 111.40, SL - 112.40, TP to be advised. It has sharply rebound off the lows and looks poised to be sold in asia... This is a short term trade and as usual with yen shorts, tight stops just in case BoJ decides to unleash their jumpy steriod cannon...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1080 Posted : Tuesday, July 12, 2011 8:10:09 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
hisah wrote:
Small short trade taken on EURJPY @ 111.40, SL - 112.40, TP to be advised. It has sharply rebound off the lows and looks poised to be sold in asia... This is a short term trade and as usual with yen shorts, tight stops just in case BoJ decides to unleash their jumpy steriod cannon...


Getting out (10 pips loss) of this EURJPY trade. It is coiling up for a thrust to 113. Would rather short at 114 if it gets there...

Anyone noticed that it is behaving like in 2008 before Sept 15 aka Lehman's boom out...?

This is what I mean... http://is.gd/OeN7yd
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Tuesday, July 12, 2011 8:31 PM | Reason: Not specified
396 Pages«<106107108109110>»
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