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Realities of Forex Investment
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hisah
#1231 Posted : Monday, August 22, 2011 7:10:46 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Gold just keeps on defying gravity laws even as all timeframes - daily, weekly & monthly indicators are horribly overstretched & the parabolic is almost vertical?! This reminds me of oil price run up in 2008. This won't end well...

Update - 13hrs later, Gold futures hit $1899... Something fishy is cooking & with fx almost static today, get ready for serious volatility this week...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1232 Posted : Tuesday, August 23, 2011 7:00:24 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Euro bulls... http://www.spiegel.de/in...781590,00.html#ref=nlint
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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the deal
#1233 Posted : Tuesday, August 23, 2011 4:59:09 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Hey you forex expert...LoL...on my practise account I took 100000 units of USD/ZAR at 6.199...within hours I was able to sale at 7.235 and made $570...now I have entered another trade EUR/USD at 1.44...
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hisah
#1234 Posted : Wednesday, August 24, 2011 5:35:33 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
hisah wrote:
USDJPY tests below 76 down to 75.95 and bounces back. Floodgates coming soon...

Moody's downgrades Japan, but USDJPY cross unmoved. After S&P's US shocker, it'll take a while for investors to get spooked. Too much bad news already to make things worse.

Gold topped $1913 yesterday & has got hammered big. I still insist a major (a few months) top in forming even if it breaks $2000. Those overstretched techs look like crude oil's back in July 2008. A correction back to $1600 - 1700 is on the cards.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#1235 Posted : Wednesday, August 24, 2011 6:58:53 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Applause
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hisah
#1236 Posted : Wednesday, August 24, 2011 10:56:03 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Indeed, gold falls the most since 2008. Almost $200 down within 24hrs!?

I might just be tempted to short some even as an ardent gold bull???

If it falls very hard in coming months, S. Korea's CB entry zone $1400 should arrest the selling pressure.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1237 Posted : Thursday, August 25, 2011 7:40:47 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
And the gold rout continues. Down almost 5% in asia session. Parabolics retrace like a sky dive...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1238 Posted : Friday, August 26, 2011 7:37:50 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Gold got hammered while USDJPY is getting pimped up.
From next week we will know the tape's direction, but I see a dollar rally across board.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1239 Posted : Sunday, August 28, 2011 4:56:34 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
During all the panic drama it is interesting the EURUSD has not lost 1.40 handle while most of the commodo ccys dropped.

Gold & CHF have seen spectacular rallies during panic central & stocks have nosedived as expected.

There something interesting in the euro static range 1.40 - 1.45, a triangle is forming. Same thing on the USD index. Break outs coming soon with USD index looking bullish. Now for Bernanke to maintain his printing fantasy (QE3) that USD index cannot be allowed to have a bullish breakout.

The USDSGD & USDZAR crosses are also hinting dollar strength coming soon. With euroland debt issues still stuck, the money printing spree timeframe is running out...

In contrast there is a chance that CHF carry trades are now forming.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ceinz
#1240 Posted : Sunday, August 28, 2011 5:50:08 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
hisah wrote:
During all the panic drama it is interesting the EURUSD has not lost 1.40 handle while most of the commodo ccys dropped.

Gold & CHF have seen spectacular rallies during panic central & stocks have nosedived as expected.

There something interesting in the euro static range 1.40 - 1.45, a triangle is forming. Same thing on the USD index. Break outs coming soon with USD index looking bullish. Now for Bernanke to maintain his printing fantasy (QE3) that USD index cannot be allowed to have a bullish breakout.

The USDSGD & USDZAR crosses are also hinting dollar strength coming soon. With euroland debt issues still stuck, the money printing spree timeframe is running out...

In contrast there is a chance that CHF carry trades are now forming.


My good friend tells me there was a big Eur/usd order on friday, I dont know how he gets the feeds. This must have propped the Eur. Im of the view that this pair is headed south this week. Should this be the case Eur/ gbp will be a good short candidate since at it high levels.
“small step for man”
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