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Realities of Forex Investment
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QW25071985
#1121 Posted : Sunday, July 24, 2011 9:41:46 PM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
Now US cannt agree on a debt ceiling raise . surely the gravity of this matter shld make these u.s politicians sober...lol anyway i am short the euro . Gold trading all-time highs again..
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hisah
#1122 Posted : Sunday, July 24, 2011 10:56:41 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
USDCHF getting cobblered in australia pre-market. So will SNB also now buy the USDCHF as it aims sub 0.80

Waiting to see USDJPY head sub 78 to see what BoJ does to defend 77.

FX market is such a toon market these days. Run by interventionists and not traders... Soko gani hii?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1123 Posted : Monday, July 25, 2011 7:32:02 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
@Qw - Gold hits $1623. Overdone in the short term & silver lagging confirms the same. Buy interest at $1550 - 1560 so I expect it to selloff. The higher it goes the stronger the selling will be...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ceinz
#1124 Posted : Monday, July 25, 2011 8:33:21 AM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
My week give away.

Hisah wrote:
The dollar swan song signals... Get ready for whiplash in euro & dollar pairs i.e. down up, up down crazy moves...


QW25071985 wrote:
Now US cannot agree on a debt ceiling raise . surely the gravity of this matter shld make these u.s politicians sober...lol anyway i am short the euro . Gold trading all-time highs again..


Lots of uncertainity this week. There will be crazy volatility, the comdolls recent bull moves will be checked.

I'll be betting only on the sure risk aversion currency CHF.

“small step for man”
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Ceinz
#1125 Posted : Monday, July 25, 2011 10:21:55 AM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Swissy crazy and the european session has barely opened.
“small step for man”
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hisah
#1126 Posted : Monday, July 25, 2011 3:04:51 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Ceinz wrote:
Swissy crazy and the european session has barely opened.

I'll ask again, will SNB buy USDCHF sub 0.80 and EURCHF sub 1.14 in coming days? CHF is on a tear just like gold and Mr Market cares less about the broke interventionists.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1127 Posted : Monday, July 25, 2011 9:42:18 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Italy cancels mid term and long term bond auctions for August... Spain is the game, Italy is just a distraction.

http://www.morningstar.c...aspx?id=154672509754485


Aint I glad I still kept the silver trade alive. JP Morgue aka Morgan Metals Ltd is kicked out of LME (London Metal Exchange). At least the whistleblowers aka conspiracy theorists (Bill Murphy and Andrew Maguire) of precious metals manipulation get to win this time. CME margins are just about to become irrelevant in stopping the next silver move above $50...

http://www.sfgate.com/cg...MQ6GRUKDSU5VBRS3J4QQ.DTL
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Monday, July 25, 2011 9:48 PM | Reason: Not specified
QW25071985
#1128 Posted : Monday, July 25, 2011 10:08:45 PM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
WOW @hisah .you really saw it coming.today gbp/chf outdid itself with a fall of over 230 pips . lol . now eurodollar stuck in a 60 pip range.
well 8days remaining to u.s debt ceiling deadline...
@hisah . do your technicals point to silver above $50
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hisah
#1129 Posted : Tuesday, July 26, 2011 8:17:11 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
QW25071985 wrote:
WOW @hisah .you really saw it coming.today gbp/chf outdid itself with a fall of over 230 pips . lol . now eurodollar stuck in a 60 pip range.
well 8days remaining to u.s debt ceiling deadline...
@hisah . do your technicals point to silver above $50

Silver techs are not reliable, volume is. This metal is always clobbered by big banks with large short interests & they're known, but that is another story aka conspiracy...

The last time JP Morgue closed their commodity deskin US for good in Aug 2010 look what happened to gold & silver... The moment silver hit $50, CME started hiking margin rates like a wild hog. Rates still effective to date. Now traders are watching to see the same on gold, but this time this will blast this yellow thing above $1800 and they know it for it will be an admission the paper boat is soaking water fast smile

CME again to the rescue on EURCHF last week with their margin rate bazooka. A knight in shining armor for the banksters indeed. Pathetic...

USDCHF to head sub 0.80 today. USDJPY slide sub 78, then shortly boosted to 78.80 and now aiming sub 78... This one will need viagra for steriods are ineffective! May be CME will have a better chance...?

AUDUSD back above 1.09, likely to test and break all time highs above 1.10.
NZDUSD prints new all time high above 0.87 level. This one has been on super steriods. No shorting yet, bull momentum still strong though overbought.
EURUSD must close above 1.46 this month to kill off the sell pressure.
GBPUSD likely to break 1.65.
USDSGD still breaking down all time lows now sub 1.21 with sub 1.20 likely. Too oversold, wanted to go long @1.21, but the bear is a hungry one.

At some point there will be a major USD reversal with all the extreme all time highs & lows.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Tuesday, July 26, 2011 8:18 AM | Reason: Not specified
fxtech
#1130 Posted: : Tuesday, July 26, 2011 9:57:22 AM
Rank: Member

Joined: 5/31/2010
Posts: 325
Location: NAIROBI
EURUSD and GBPUSD at critical resistance levels, from price action we myt see retracement or further bull moves on sustained break

gbpusd 1.6365 area is the level to watch

Eurusd 1.4508 area is price level to look out for probable retracement in the coming sessions
Discipline & sticking to your strategy even when you loosing defines great traders.
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