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Realities of Forex Investment
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hisah
#1181 Posted : Friday, August 05, 2011 7:09:44 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
@Ceinz - no worries, u still made something. Trading the yen is tricky with the ICU heroics from Jap.

So CHF bulls have literally taken over SNB!? Note the EURCHF has retraced the 300pip steriod move by SNB in 24hrs! What a life span??? Here is what I mean...



@Qw - this euro thing is about to be hit by a very huge meteorite going by the eurozone overnight emergency meetings in Italia... Trader pit rumours of a likely bank run due to spooked depositors and some lossy talk on the suspended Aug bonds auction. Note Spain too has suspended the Aug 18th bond auction... With Dow & S&P tanking large overnight, the London session will be interesting.

Gold rush... Clobbered for now but stay tuned...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Friday, August 05, 2011 7:20 AM | Reason: Not specified
Cde Monomotapa
#1182 Posted : Friday, August 05, 2011 7:21:10 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Italy raided moody's n s&p offices btw.confisicated their evidence (documents)
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hisah
#1183 Posted : Friday, August 05, 2011 7:43:19 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Cde Monomotapa wrote:
Italy raided moody's n s&p offices btw.confisicated their evidence (documents)

Indeed... Time to handcuff these lousy banksters smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#1184 Posted : Friday, August 05, 2011 8:03:27 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
hisah wrote:
Cde Monomotapa wrote:
Italy raided moody's n s&p offices btw.confisicated their evidence (documents)

Indeed... Time to handcuff these lousy banksters smile

Do U want a revolution? Woop! Woop! Laughing out loudly Laughing out loudly this game is too deadly!!
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hisah
#1185 Posted : Friday, August 05, 2011 8:28:56 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Btw RBA has cut back the aussie econ growth rate.
Hint - no more rate hikes.
Outcome - aussie to be sold hard.

I'm more concerned with their overheated real estate boom...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1186 Posted : Saturday, August 06, 2011 1:30:36 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Na @QW alienda MIA au nini?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1187 Posted : Sunday, August 07, 2011 8:59:27 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Definitely today there will be a big fight between traders and these 2 CBs - SNB and BoJ. I expect both yen and swissie to be bought aggressively tomorrow so new lows on USDJPY and USDCHF are on the cards...

As for the commodo currencies - CAD will be sold the heaviest since big bro has been downgraded. I'm a CAD bull, but the US downgrade metrics have poured litres of ice-cold water on the bull.

AUDUSD and NZDUSD all closed the week on lows. Bears now in control.

USDSGD bounced up to 1.22 after bears failed to breakdown 1.1950, I'll be long in Asia at 1.21 - target 1.26. Will confirm position when taken.

USDZAR yet again got repelled by 6.6x and bounced to 6.90 level. I'll also be long this cross from 6.85 targetting 7.10 then 7.20. The positioning of JSE looks very nasty. I expect this joburg market to tank at least 4% tomorrow...

As for silver long XAG/USD @34.90 taken on June 30, the wild swings have now made me revise lower the TP to 36.50. The likelihood of the trade getting stopped out are now very high with the US downgrade spook. However, commodities present the best place to put your money when sanity comes back.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Sunday, August 07, 2011 9:23 PM | Reason: Not specified
Ceinz
#1188 Posted : Sunday, August 07, 2011 10:12:45 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
hisah wrote:
Na @QW alienda MIA au nini?


He now resides here>> http...765/
“small step for man”
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Ceinz
#1189 Posted : Sunday, August 07, 2011 10:27:25 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
hisah wrote:

AUDUSD and NZDUSD all closed the week on lows. Bears now in control.


Im bull on these, AUD/USD now at 200 SMA I expect this support level to hold, as for NZD/USD previous resistance level now turned support - 0.8300, unless broken am still bull.
“small step for man”
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hisah
#1190 Posted : Sunday, August 07, 2011 10:30:49 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Ceinz wrote:
hisah wrote:
Na @QW alienda MIA au nini?


He now resides here>> http...765/

Oh, I thought he went undercover after it started raining boulders...

In the meantime, Asia pre-market down ticks USDJPY by 80pips... I expect the Nikkei and HangSeng to fall very hard - more than 5%. Keep watching CHF and JPY, the whiplash won't be funny as traders and the SNB and BOJ fight it out...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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396 Pages«<117118119120121>»
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