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Realities of Forex Investment
QW25081985
#1581 Posted : Friday, January 20, 2012 8:23:08 AM
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Location: Mtaani
DONOT be fooled by the euro rally . bears are patiently waiting up there !

QW25081985
#1582 Posted : Friday, January 20, 2012 8:38:55 AM
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Location: Mtaani
Very nice symmetry on euro dollar daily chart when ever the price rallies + 300 pips . there's a sizable correction . lets see if it will lay out this time to

hisah
#1583 Posted : Friday, January 20, 2012 11:08:18 AM
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Joined: 8/4/2010
Posts: 8,977
EURUSD will be capped @1.3000. The squeeze will be 400pips. Then down to 1.24 before testing 1.20.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
QW25081985
#1584 Posted : Sunday, January 22, 2012 8:58:55 AM
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mhhhhh! something to think about !




also note the 4hr ascending wedge !

QW25081985
#1585 Posted : Sunday, January 22, 2012 5:49:51 PM
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Location: Mtaani
usd/chf consolidating on daily time frame . which way for the pair

QW25081985
#1586 Posted : Sunday, January 22, 2012 11:47:39 PM
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Location: Mtaani
its gonna be an interesting opening ! on euro/usd ...
hisah
#1587 Posted : Monday, January 23, 2012 5:11:04 AM
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Joined: 8/4/2010
Posts: 8,977
QW25081985 wrote:
its gonna be an interesting opening ! on euro/usd ...

EURUSD opens with a gap down of 55pips. Today is the so called euro finance ministers meeting. Interesting it will be with no greek deal... The ticker ticks towards MArch 20th 2012...


Btw anyone watching silver. Something is building up there... smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1588 Posted : Monday, January 23, 2012 3:06:43 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
EURUSD - Testing 1.3000. Break above 1.3050 targets 1.3200.

Interesting to see the euro rallying on unconfirmed Greece debt deal. Deja vu June 2010... Caution.

Update - the huge spike on AUDCAD suggests this cross will be a shorting magnet soon.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1589 Posted : Tuesday, January 24, 2012 2:58:02 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
EURUSD - London session, tested and rejected @1.3050 zone - the 50-day SMA.

EURAUD - needs to close above 1.2480 to give bulls more vigor.

DowJones wrote:
Traders have pointed out that this means many market participants are more willing to sell Portugal's CDS, under the reasoning that should Portugal find itself in a similar situation as Greece, the Portuguese contracts wouldn't pay out either.


Portuguese Debt Insurance Costs Climb Above Records - http://www.dowjones.com/...stsClimbAboveRecords.asp
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1590 Posted : Tuesday, January 24, 2012 3:00:59 PM
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Joined: 8/4/2010
Posts: 8,977
Guest (47), hisah -- Hmmm... Never thought such many guys follow this FX thread... Think
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1591 Posted : Tuesday, January 24, 2012 4:17:03 PM
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Joined: 8/4/2010
Posts: 8,977
BTW the EURJPY cross is forming a hammer candlestick on the monthly chart...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1592 Posted : Wednesday, January 25, 2012 6:49:06 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
hisah wrote:
BTW the EURJPY cross is forming a hammer candlestick on the monthly chart...

With Jap FinMin stating that they have experienced the 1st trade deficit in 31yrs, the yen is now a short candidate. All yen crosses now look constructive for longs even USDJPY.

I continue to fancy EURJPY. Also CADJPY looks poised for significant gains as well as GBPJPY (the beast). Also scoping ZARJPY and AUDJPY now that is has broken above 200-day SMA.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
QW25091985
#1593 Posted : Wednesday, January 25, 2012 7:01:14 AM
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Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
i will not even think of shorting the euro ! .this correction is big ! anyway check out the diamond consolidation on e/u 30 min chart...the trend is up



hisah
#1594 Posted : Wednesday, January 25, 2012 4:41:44 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
@QW - EURUSD has fallen out of the diamond consolidation... Commodities esp oil and silver are trading heavy in euro session going into NY session. I guess traders are not optimistic of today's FOMC meeting.

As for the yen crosses, USDJPY is about to test and break above 78.30. That will give permission to challenge 79s as the breakout continues to gain momentum.

Keep an eye on AUDCAD - 1.0650 is a formidable barrier and has rejected bulls since Oct 2011. Today's test and failure to break above is giving bears conviction to slaughter the bulls. Time is running out for bulls to break with barrier which if not broken will likely form a monthly double top.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
QW25091985
#1595 Posted : Wednesday, January 25, 2012 8:26:09 PM
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Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
euro belongs to the bulls as of now . me i gave up calling for a top in the correction and now i just look for buys ...
currently if you look at the 30 min chart of euro/usd you'll see a ranging kind of pattern . i also expect next week the euro to rally
lets see how it goes
hisah
#1596 Posted : Wednesday, January 25, 2012 11:55:20 PM
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Joined: 8/4/2010
Posts: 8,977
FOMC comes and goes, Fed to keep ultra low interests till 2014 hinting on QE3.0 - USD carry trade to continue at cheapest rate. This kills the dollar bulls and gold & silver immediately vault - rip off ur face smile

The USD will get hammered as this sounds dovish, but seems like the feds are gearing for a disorderly euroland debt bomb. The euro continues to rebound, but I'm still skeptical esp since it's likely portugal maybe asking for another bailout soon.

Something weird though after all this USD hammering is oil has not vaulted. Very weird... Mixed signal this.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
QW25091985
#1597 Posted : Thursday, January 26, 2012 6:56:06 AM
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Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
oil need to be rallyin hard with all the problems with iran...as for euro/usd . lol...fomc did its thing ..next resistance is at 1.35xx level
QW25091985
#1598 Posted : Thursday, January 26, 2012 6:58:05 AM
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Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
usd/cad finally broke out from months and months of consolidation




hisah
#1599 Posted : Thursday, January 26, 2012 5:51:05 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
The rand shorting case - http://af.reuters.com/ar...ws/idAFJOE80P08J20120126
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
QW25091985
#1600 Posted : Friday, January 27, 2012 9:54:21 AM
Rank: User


Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
Monthly: This cross is a big driver of USDX fluctuations, impacts EURUSD short position.
its a powerful bull flag forming on euro/gbp


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