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Realities of Forex Investment
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hisah
#1151 Posted : Monday, August 01, 2011 5:37:54 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
EURUSD - looks like it will fall to 1.42 to 1.41 overnight? Still looking for info source causing this massive moves...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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fxtech
#1152 Posted : Monday, August 01, 2011 10:08:46 PM
Rank: Member

Joined: 5/31/2010
Posts: 325
Location: NAIROBI
@hisah check http://www.fxstreet.com/...ew/us-crisis/2011/08/01/
Discipline & sticking to your strategy even when you loosing defines great traders.
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hisah
#1153 Posted : Tuesday, August 02, 2011 7:24:52 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
[quote=fxtech]@hisah check http://www.fxstreet.com/...w/us-crisis/2011/08/01/[/quote]
This cant be the cause of EUR & GBP selloff vs CHF. The CHF funds overnight were huge!
When CHF pairs move 300+ pips opposite SNB, iko shida mahali...

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mnandii
#1154 Posted : Tuesday, August 02, 2011 9:34:46 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
Check out this group on FB:
http://www.facebook.com/groups/155827404462765/

Or jst search for 'FOREX TRADERS IN NAIROBI'.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#1155 Posted : Tuesday, August 02, 2011 1:31:51 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
The currency song:
http://www.youtube.com/w...eature=player_detailpage
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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hisah
#1156 Posted : Tuesday, August 02, 2011 4:31:05 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
hisah wrote:
Still watching the gold and silver parabolic fireworks about to go nutsy...!? Silver is threatening a major parabolic move above $42 level and yesterday's coiling up suggests $45 will be tested in coming days. NOTE: JP Morgue was kicked out of LME last week and silver all over sudden finding its mojjo...

So US 'fixes' their debt issues smile

USD still getting sold and as usual the real money i.e. gold after days of sliding now burst up and tests $1640 all time high. Same case vs euro and pound.

Interesting to see commodo currencies slide vs the dollar today. If AUDUSD closes below 1.0820 for the week, a weekly short will be setup. RSI momentum also pointing to bear strength.
NZDUSD also slowing down, but a weekly close below 0.8620 is required before a short setup is established.

As for the CHF short trade - I'll takes longs on USDCHF and GBPCHF. Monthly stochs oversold and flattening. Monthly RSI oversold too.



Classics just don't go out of style. Do they smile

http://www.youtube.com/w...3HsU&feature=related
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Tuesday, August 02, 2011 4:55 PM | Reason: Not specified
hisah
#1157 Posted : Tuesday, August 02, 2011 5:34:20 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Goldman FX wrote:

Short-term risk of USD short squeeze greatest against JPY, AUD and NZD. FX positioning is an elusive beast. There are few comprehensive data sources to get a handle on positioning, and what sources there are come with big handicaps. One source for positioning is the weekly CFTC Commitment of Traders report, which captures one particular subset of the FX market. For the eight currencies in this report (and for the overall USD position) we have developed positioning scores that are scaled between +/-10, with a negative reading indicating a short USD position. These scores go beyond the raw CFTC data by controlling for the interest differential as one important driver of positioning. We put out this score every week upon release of the latest data (CFTC Commitment of Traders Report (July 26, 2011) – Overall USD short position builds again).

Our overall positioning score for USD as of July 26 (the latest available data) was -5.9, which is the most negative (indicating a net USD short position across the eight currencies in this report) this positioning score has been since early June. In the scheme of things, this score is not yet that extreme – it averaged -8.3 as recently as March after all. But our overall USD positioning score paints a somewhat misleading picture here, as some currencies are now seeing much more stretched positions against USD than back in March.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1158 Posted : Tuesday, August 02, 2011 10:19:36 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Gold XAU/USD continues to match up - $1651...??! Indeed the US fixed their debt bomb... All time highs against all paper cash except swissie? The knight in shining armor aka CME margin hikes cannot rescue SNB from a berserk swissie rally!

CHF... I have no idea where the swissie is going, but this thing is on a serious rhino charge mood?! It is the only currency that gold has not trounced... Is it due to the Gold Franc (gold backed franc) under swiss parliament debate... Now if only I had added more swissie deposits back in June.
@Guru likes aussie. Me is a junkie of swissie. Been a power hedge all year. Being paid in $, £ and € and u live in Switzerland will have cost a fortune converting to swissie.

Btw anybody noticed GBPCHF has collapsed almost 400pips 2nd day running...?? This is nuts?!? Sept 2008?

AUDCHF - What the heavens??
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Tuesday, August 02, 2011 10:56 PM | Reason: Not specified
hisah
#1159 Posted : Tuesday, August 02, 2011 11:28:27 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Sleepless in Asia... Markets selloff towards US close. S&P 500 down for the year as of today... Asia will selloff too.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#1160 Posted : Tuesday, August 02, 2011 11:32:11 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
How soon can we (in Sub-Saharan Africa) buy crude >$70??? I'm so excited!!!
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