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Realities of Forex Investment
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hisah
#1571 Posted : Tuesday, January 17, 2012 7:32:54 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
With EUR short contracts around 150K, a potential short squeeze is on the cards for this one sided trade. Shorting the euro is risky at this level...

As for gold, back in 2008/9 it did something like this. In late 2011 it also did the same... Guess where it is headed...

https://images.angelpub....12415/wgc_goldprice.png
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Tuesday, January 17, 2012 7:34 PM | Reason: Not specified
QW25081985
#1572 Posted : Wednesday, January 18, 2012 8:18:09 AM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
D-Day for usd/cad .which way up or down. Daily chart below !
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fxtech
#1573 Posted : Wednesday, January 18, 2012 6:01:07 PM
Rank: Member

Joined: 5/31/2010
Posts: 325
Location: NAIROBI
WATCH LIST:

LONGS: GOLD, AUDUSD

SHORTS; EURJPY, EURUSD, GBPUSD, USDTRY, GBPCHF

Waiting confirmations on: gold, audusd, eurjpy, eurusd, gu

USDTRY, GBPCHF Running
Discipline & sticking to your strategy even when you loosing defines great traders.
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QW25081985
#1574 Posted : Wednesday, January 18, 2012 7:22:58 PM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
wow / ! who got some pips today ??? i need your strategy ...ASAP. today its been very violent
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QW25081985
#1575 Posted : Wednesday, January 18, 2012 7:24:06 PM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
fxtech wrote:
WATCH LIST:

LONGS: GOLD, AUDUSD

SHORTS; EURJPY, EURUSD, GBPUSD, USDTRY, GBPCHF

Waiting confirmations on: gold, audusd, eurjpy, eurusd, gu

USDTRY, GBPCHF Running


i see a problem here . you cannot long aud/usd and short euro ...
they are collerated
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fxtech
#1576 Posted : Wednesday, January 18, 2012 9:34:58 PM
Rank: Member

Joined: 5/31/2010
Posts: 325
Location: NAIROBI
@QW If my charts are correct, which I bet they are, in DEC AUDUSD was very bullish from around 20th, and EUR very veeeeeery bearish. I stand corrected. So for Me I just follow the price, correlated or not. Again my posts are on observations and as per nw only USDTRY, GBPCHF Shorts, GOLD Long, are running, the others on observation so things might change, so as usual I wl trade with the price.
Discipline & sticking to your strategy even when you loosing defines great traders.
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fxtech
#1577 Posted : Wednesday, January 18, 2012 9:48:57 PM
Rank: Member

Joined: 5/31/2010
Posts: 325
Location: NAIROBI

@QW MORE FACTS ON TABLE BELOW


Daily correlation

AUDUSD EURAUD EURCAD EURJPY EURUSD GBPUSD

AUDUSD 100.0 -50.0 -15.9 38.6 38.0 64.2 AUDUSD
EURAUD -50.0 100.0 89.2 56.8 61.1 23.2 EURAUD
EURCAD -15.9 89.2 100.0 78.4 80.7 54.9 EURCAD
EURJPY 38.6 56.8 78.4 100.0 96.2 86.5 EURJPY
EURUSD 38.0 61.1 80.7 96.2 100.0 83.8 EURUSD
GBPUSD 64.2 23.2 54.9 86.5 83.8 100.0 GBPUSD
AUDUSD EURAUD EURCAD EURJPY EURUSD GBPUSD

Discipline & sticking to your strategy even when you loosing defines great traders.
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hisah
#1578 Posted : Thursday, January 19, 2012 2:19:56 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Short squeeze on the euro continues... @fxtech - Note that EURAUD is turning bullish on the weekly with a hammer candlestick. Still not bullish for the month, but when it does, it will be time to sell the aussie. I have also noticed monthly RSI divergence on EURAUD cross. The price is heading south but RSI is registering high lows in oversold levels. Sharp corner ahead i.e. long EURAUD squeeze coming soon - but this is a medium term trade.

@QW - USDCAD has broken down the daily triangle. Will be sold for some weeks.

Gold has to overcome $1667 to clear resistance. I want it to clear this level then go long on the retrace if it leaks back to $1650 - 1660 levels.

Still waiting for the monthly and weeklies to line up before I take my trades highlighted earlier. This look poised to be end of month or 1st week of Feb.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Thursday, January 19, 2012 2:21 PM | Reason: Not specified
QW25081985
#1579 Posted : Thursday, January 19, 2012 3:55:07 PM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
this should be intresting for all you euro bulls ....Bulls in charge

Also, from the past 1.5 years, every time we have seen daliy divergence on MACD, we have seen a substantial rally.
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fxtech
#1580 Posted : Thursday, January 19, 2012 6:40:12 PM
Rank: Member

Joined: 5/31/2010
Posts: 325
Location: NAIROBI
@Hisah nice insight on EURAUD, sure, slowly turning bull, will keep an eye,
Discipline & sticking to your strategy even when you loosing defines great traders.
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396 Pages«<156157158159160>»
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