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Realities of Forex Investment

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hisah		#1211 Posted : Thursday, August 11, 2011 4:45:19 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		Gold getting hammered as per expectations. Though the panic is still present, it had overstretched itself too much. It still has some distance to fall. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah		#1212 Posted : Thursday, August 11, 2011 5:25:10 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		fxtech wrote: GPBCHF SHORT Opportunity might materialise by 4pm local time. CHF getting clobbered. SNB throwing fast punches from the ropes after taking heavy blows. These are the kind of spikes I expect on this CHF crosses that have horrible broken technical oscillations. Down 600pips one day, then up 500pips the next day. If you can't ride such wildness, stay away... This street fight will get ugly as months roll by and is nowhere about done! CHF is getting hammered on speculative rumours that euro might be pegged on CHF i.e. euro-swiss peg. Update - If this peg rumour is just that, expect the next plunge to take the EURCHF thru parity! The USDCHF would also break 0.70xx and GBPCHF would test parity too! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah		#1213 Posted : Friday, August 12, 2011 7:46:35 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		Austria coming soon... Euro bulls be on guard... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah		#1214 Posted : Saturday, August 13, 2011 8:54:56 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		hisah wrote: Gold getting hammered as per expectations. Though the panic is still present, it had overstretched itself too much. It still has some distance to fall. For now gold has topped out @ $1815 and the selloff to $1730s confirms it. Still some distance to fall. For the next 3 - 6 weeks price will be heavy & any rallies will be sold. The technicals are still overstretched & need to reset. I cashed out my last position @1610 as the stampede went bananas. I'm hoping the reverse stampede finds me there. http://www.youtube.com/w...ture=player_profilepage $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah		#1215 Posted : Monday, August 15, 2011 3:25:59 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		CHF - stil taking a major beating in asia. EURCHF zooming back to life. Technicals of CHF crosses are still horrible with very ugly candlesticks. No support levels for the rebound. This euro-swiss peg rumour will end very badly in a few weeks! Gold stil on freefall. I hope it gets back to $1600 for the next leg up towards $2000. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ceinz		#1216 Posted : Monday, August 15, 2011 10:54:01 AM
Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility		hisah wrote: CHF - stil taking a major beating in asia. EURCHF zooming back to life. Technicals of CHF crosses are still horrible with very ugly candlesticks. No support levels for the rebound. This euro-swiss peg rumour will end very badly in a few weeks! The euro-swiss peg appears to be working for now, however I expect the current levels of USD, EUR and GBP vs CHF to serve as a resistance and possible retracement to occur since they lie at an important fib number. “small step for man”
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hisah		#1217 Posted : Monday, August 15, 2011 11:06:46 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		Ceinz wrote: hisah wrote: CHF - stil taking a major beating in asia. EURCHF zooming back to life. Technicals of CHF crosses are still horrible with very ugly candlesticks. No support levels for the rebound. This euro-swiss peg rumour will end very badly in a few weeks! The euro-swiss peg appears to be working for now, however I expect the current levels of USD, EUR and GBP vs CHF to serve as a resistance and possible retracement to occur since they lie at an important fib number. So far the 'buy the rumour, sell the news' mantra is in effect. I still expect when the next sharp turn comes, EURCHF and GBCHF to tank sub parity! Looks like a long distance from here, but once tested esp on EURCHF it means that is where Mr Market wants to be. Nobody controls Mr Market forever... Besides since SNB started their intervention tacts on EURCHF by placing a fence at 1.5000 back in 2009, look how well the fence has worked! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah		#1218 Posted : Tuesday, August 16, 2011 7:43:25 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		Return to my interest view... EURCAD - Almost back to 1.43 USDSGD - Testing 1.19s Waiting for USDZAR to come back to 6.7 - 6.8 AUDCAD - Forming H&S on longterm charts. A test & failure of 1.03 will confirm. If triggered, will fall hard. I'm still an aussie bear & RBA dovish speech last week supports it. On the next CHF charge look at AUDCHF, should fall faster than GBPCHF?! EURUSD - The ugly sisters pair is back above 1.44s No comment Gold looks like it wants to retest last weeks high @ $1815. May break above, but very toppish. No need to chase trades. Back under $1700 is better for a run above $2000. In the meantime look at the narrowing USDJPY bollinger bands. A breakout is coming soon. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ceinz		#1219 Posted : Tuesday, August 16, 2011 9:10:26 AM
Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility		hisah wrote: Return to my interest view... Gold looks like it wants to retest last weeks high @ $1815. May break above, but very toppish. No need to chase trades. Back under $1700 is better for a run above $2000. In the meantime look at the narrowing USDJPY bollinger bands. A breakout is coming soon. Seems like I should keep my eyes open and join you in that gold trade, though am not a fan of commodities. I got a small long order for USDJPY @ 77.30 , in anticipation of intervention, b/o etc. Check out of the swiss pairs respected that resistance level I mentioned yesterday. “small step for man”
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hisah		#1220 Posted : Tuesday, August 16, 2011 5:49:03 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		Ceinz wrote: hisah wrote: Return to my interest view... Gold looks like it wants to retest last weeks high @ $1815. May break above, but very toppish. No need to chase trades. Back under $1700 is better for a run above $2000. In the meantime look at the narrowing USDJPY bollinger bands. A breakout is coming soon. Seems like I should keep my eyes open and join you in that gold trade, though am not a fan of commodities. I got a small long order for USDJPY @ 77.30 , in anticipation of intervention, b/o etc. Check out of the swiss pairs respected that resistance level I mentioned yesterday. Yap, at 61.8% retracement on the CHF crosses resistance is heavy. I wanted them to spike to 76 - 78% levels so that EURCHF and GBPCHF crash through the parity levels for good! As for gold and silver, this will keep on rolling over paper money as long as the central planners think that debt monetization aka high-speed inkjet money printing is the way to repay the colossal global national debt. In 3 years time gold could be above $5000/oz and silver above $100. Physical bullion is better than paper trading of commodos, so try and get some gold and silver. Btw do we have such bullion facilities in KE? $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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