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Realities of Forex Investment
QW25081985
#1441 Posted : Sunday, November 20, 2011 12:08:30 PM
Rank: User


Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
aud/nzd headed down south ???


QW25081985
#1442 Posted : Sunday, November 20, 2011 12:11:45 PM
Rank: User


Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
very interesting pattern on usd/jpy ...more upside must be in place . and with its high colleration with eur/usd . i think euro/usd is doomed !!! .but i never touch this pair too much interference .You never know when an 'intervention' will come


QW25081985
#1443 Posted : Sunday, November 20, 2011 2:11:26 PM
Rank: User


Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
any S&P 500 traders in the house ?? the below daily chart shows allot of bullish price action .38.2% fib level i hope will hold next week ...


hisah
#1444 Posted : Tuesday, November 22, 2011 8:27:41 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
This tries to explain why I've been shorting asia currencies... I've been seeing interesting fund outflows here in malaysia since June and the chings pulling the handbrake on money supply - rate hikes due to inflation. But the worst confirmation was the ching banks still presented record profits! Asia will freeze in 2012, most likely outcome. A ching slowdown will be felt globally. As for oceanic lands, that kiwi and aussie will be thrown under the bus. This will be my trading plan for 2012 - short asia & oceanic currencies until the dollar squeeze tops. Then the dollar will be thrown under the bus worse than 2009... Look out for these rotations.

http://economictimes.ind...articleshow/10815503.cms
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
fxtech
#1445 Posted : Tuesday, November 22, 2011 11:46:05 AM
Rank: Member


Joined: 5/31/2010
Posts: 325
Location: NAIROBI
Going SHORT eurjpy@ 104.29, Willl exit if it hits 105.000 level, TP open (trail)but 1st TP wld be 102.55 area
Discipline & sticking to your strategy even when you loosing defines great traders.
QW25081985
#1446 Posted : Wednesday, November 23, 2011 7:20:10 AM
Rank: User


Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
am looking to buy eur/chf on new highs

QW25081985
#1447 Posted : Wednesday, November 23, 2011 7:26:37 AM
Rank: User


Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
prepare for euro volatility !!!! it ranging it a triangle ...a burst will be more welcome !!!


QW25081985
#1448 Posted : Wednesday, November 23, 2011 7:32:15 AM
Rank: User


Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
WOW ....is this a horror movie ..those greek spreads are just crazy !!!!!!!!!!!


hisah
#1449 Posted : Wednesday, November 23, 2011 8:16:34 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
QW25081985 wrote:
WOW ....is this a horror movie ..those greek spreads are just crazy !!!!!!!!!!!




The greek cow slaughter is so messed up Sad

There are rumours on Dexia today, this is what is denting the euro & markets. Also ching's PMI has printed a 32 month low thus denting asian (AXJ) currencies.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Eric_Nyamu
#1450 Posted : Wednesday, November 23, 2011 6:09:54 PM
Rank: New-farer


Joined: 10/6/2011
Posts: 84
massive massive massive divergence here ! keep it in mind #eur/nzd


hisah
#1451 Posted : Wednesday, November 23, 2011 6:43:50 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
QW25081985 wrote:
prepare for euro volatility !!!! it ranging it a triangle ...a burst will be more welcome !!!



Yep, EURUSD has broken down the triangle and enroute to test 1.3300 then 1.3250 for support. This break down now opens a test of 1.30 in coming weeks. Meanwhile USDZAR is rallying as per expectation. 9.00 is on the cards in coming weeks. At worst the cross will test 10.00. I recommended this trade (long USDZAR) a few weeks ago.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1452 Posted : Wednesday, November 23, 2011 6:48:09 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
@ceinz are you seeing gold and silver moves. I'm being tempted to take a long. Waiting for Gold to test $1600 and silver $27 - 28 levels. Then I'll be long.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Eric_Nyamu
#1453 Posted : Wednesday, November 23, 2011 8:12:01 PM
Rank: New-farer


Joined: 10/6/2011
Posts: 84
Testing the Rising Wedge,not breaking Rising wedge.Breakdown will support Santa Rally in equities in u.s .



Ceinz
#1454 Posted : Thursday, November 24, 2011 9:53:32 AM
Rank: Veteran


Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
hisah wrote:
@ceinz are you seeing gold and silver moves. I'm being tempted to take a long. Waiting for Gold to test $1600 and silver $27 - 28 levels. Then I'll be long.


Yap, I can see them. Im eyeing xau/usd and xau/eur longs.
“small step for man”
Eric_Nyamu
#1455 Posted : Friday, November 25, 2011 8:26:56 AM
Rank: New-farer


Joined: 10/6/2011
Posts: 84
eurodollar is shouting for longs !!!

fxtech
#1456 Posted : Friday, November 25, 2011 10:00:20 AM
Rank: Member


Joined: 5/31/2010
Posts: 325
Location: NAIROBI
@Hisah & Ceinz I also agree Gold bearish move very strong and there is a high probability it will hit $1,600.
My take stay short untill these level.


Discipline & sticking to your strategy even when you loosing defines great traders.
Eric_Nyamu
#1457 Posted : Friday, November 25, 2011 10:04:26 PM
Rank: New-farer


Joined: 10/6/2011
Posts: 84
Important weekly eurodollar support levels ...as they say look at the larger trends to know the market direction !i hope charts are visible btw




hisah
#1458 Posted : Sunday, November 27, 2011 10:30:27 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Too much 'end of the euro' news wires. This might just tempt me to buy the euro?!

http://www.sfgate.com/cg...articlesLVAA1Z0D9L35.DTL
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Impunity
#1459 Posted : Sunday, November 27, 2011 10:54:50 AM
Rank: Elder


Joined: 3/2/2009
Posts: 26,330
Location: Masada
[quote=hisah]Too much 'end of the euro' news wires. This might just tempt me to buy the euro?!

http://www.sfgate.com/cg...rticlesLVAA1Z0D9L35.DTL[/quote]

Really tempting to touch especially in this bear Kenya.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

Eric_Nyamu
#1460 Posted : Sunday, November 27, 2011 1:21:43 PM
Rank: New-farer


Joined: 10/6/2011
Posts: 84
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