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Realities of Forex Investment
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hisah
#1271 Posted : Monday, September 12, 2011 3:53:18 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
@Qw - check out the EURUSD longterm chart & you'll see the gap up from 1.25 last year. Gaps always get filled. This one will be filled esp with the EMU looking likely to split up as decreed by god Zeus of greece land...

Today the CHF cross to watch is EURCHF. It'll likely fall below 1.20 - the 'heavenly' fence erected by manipulation gods SNB last week. When that happens expect another brimstone attack on the CHF bulls. Then I'll be long USDCHF aiming 0.91 then 0.93. The USD index could push it thru parity in coming weeks. These are broken markets, just trade the manipulation script until all markets shutdown...

Dependingon how Germany will wash off the sticky grease, eh greece scenario gold could explode to $2000... There have been margin hikes by CME to cool it down & its giving the paper money gods a nightmare smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ceinz
#1272 Posted : Wednesday, September 14, 2011 12:04:28 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Market sentiment has taken some considerable steps backward overnight, as Moody’s downgraded the credit rating of 2 French banks, emphasizing the fears of debt crisis contagion within Europe. Credit Agricole was cut from Aa1 to Aa2, whilst Société Générale went from Aa2 to Aa3. Adding further worry to the outlook, Chinese PM Wen suggested that developed nations needed to cuts deficits and create jobs, rather than relying on China to bail out the world economy. -ACM.
“small step for man”
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hisah
#1273 Posted : Wednesday, September 14, 2011 12:11:20 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Ceinz wrote:
Market sentiment has taken some considerable steps backward overnight, as Moody’s downgraded the credit rating of 2 French banks, emphasizing the fears of debt crisis contagion within Europe. Credit Agricole was cut from Aa1 to Aa2, whilst Société Générale went from Aa2 to Aa3. Adding further worry to the outlook, Chinese PM Wen suggested that developed nations needed to cuts deficits and create jobs, rather than relying on China to bail out the world economy. -ACM.

It's amazing that since April 2010 the euro has been on floating Ching buying rumours etc. I remember @Qw was on this crusade smile

Pastor China is now admitting to the euro crusaders that he's about to shutdown his miracle centre... Pray

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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fxtech
#1274 Posted : Wednesday, September 14, 2011 12:12:48 PM
Rank: Member

Joined: 5/31/2010
Posts: 325
Location: NAIROBI
@Hisah USDCHF looks not very conducive for a long better staying Short untill otherwise,

Eurchf, I agree that a break of 1.2 will be a holy grail to an extent, wl be watching that level.
Discipline & sticking to your strategy even when you loosing defines great traders.
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Ceinz
#1275 Posted : Wednesday, September 14, 2011 12:15:32 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
CFTC Sues 11 Unregistered Forex Entities
http://www.cftc.gov/enf/enf-forex.htm
“small step for man”
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Ceinz
#1276 Posted : Wednesday, September 14, 2011 12:21:08 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
fxtech wrote:
@Hisah USDCHF looks not very conducive for a long better staying Short untill otherwise,

Eurchf, I agree that a break of 1.2 will be a holy grail to an extent, wl be watching that level.


Hisah is banking on continued interventions by SNB as they continue to uphold their vow to keep EUR/CHF above 1.2 (the peg). This is bearish for the chf, hence the bull preference on USD/CHF.
“small step for man”
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Ceinz
#1277 Posted : Wednesday, September 14, 2011 12:26:28 PM
Rank: Veteran

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

It's amazing that since April 2010 the euro has been on floating Ching buying rumours etc. I remember @Qw was on this crusade smile

Pastor China is now admitting to the euro crusaders that he's about to shutdown his miracle centre... Pray



Fake optimism. High time reality dawns on euro bulls.
“small step for man”
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hisah
#1278 Posted : Wednesday, September 14, 2011 12:28:11 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
@fxtech - @ceinz has answered you about the USDCHF. As long as SNB vows to keep EURCHF above 1.20, it makes no sense trying to short CHF. This is why I was saying an opportunity for CHF carry trade is setting up.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1279 Posted : Wednesday, September 14, 2011 7:01:45 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
There is a nasty H&S pattern forming on the 4hr gold chart. If fulfilled the price will plunge to $1698... Caution gold bulls. At this point I'll attempt a small short @1822 with a SL @1846 just to test the H&S. A break down of $1795 will confirm H&S target mentioned above.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ceinz
#1280 Posted : Thursday, September 15, 2011 8:26:10 AM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Piggy back trade, short gold @ 1808, SL 1830, target 1730.
“small step for man”
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  | | Edit by user: Thursday, September 15, 2011 8:28 AM | Reason: Not specified
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