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Realities of Forex Investment
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The Merchant
#1741 Posted : Tuesday, February 28, 2012 2:30:37 PM
Rank: Veteran


Joined: 5/24/2010
Posts: 846
Location: KENYA
Is that a cup and handle formation on the EUR/USD hourly chart? I dare say we will see a major move to the upside. fasten your seat belts. BUY NOW.
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QW25091985
#1742 Posted : Tuesday, February 28, 2012 3:22:09 PM
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Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
The Merchant wrote:
Is that a cup and handle formation on the EUR/USD hourly chart? I dare say we will see a major move to the upside. fasten your seat belts. BUY NOW.



totally agree. there will be a major move in the u.s session ..i hope its up but euro is showing some toping behavior ...
if you have some positions i suggest you wait for break out !
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dave.kim
#1743 Posted : Tuesday, February 28, 2012 4:27:49 PM
Rank: Member


Joined: 6/25/2010
Posts: 176
considering that am still a newbie in this game, is the fact there was an inverse H&S that hit target on daily chart last week,neckline on weekly chart double bottom has been broken and descending triangle on monthly chart has also broken out mean we should be ready for a good rally on GBPJPY??
Rule No.1 is never lose money. Rule No.2 is never forget rule number one
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QW25091985
#1744 Posted : Tuesday, February 28, 2012 5:12:49 PM
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tik tok tik tok tik tok ! this volcano ( eur$) is about to erupt..
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QW25091985
#1745 Posted : Tuesday, February 28, 2012 8:34:10 PM
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Joined: 1/24/2012
Posts: 1,675
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QW25091985 wrote:
tik tok tik tok tik tok ! this volcano ( eur$) is about to erupt..


this bull just doesnt want to die ...lol
long live the euro bull.
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hisah
#1746 Posted : Wednesday, February 29, 2012 6:13:34 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Anyone had a look at the Nikkei weekly chart? One ugly rally this one with weak support. BoJ yen selling is the support for now, trade volume is weak. This thing will come down very badly when bears take over looking at MACD, stochs, ATR & bollinger bands. That should boost yen longs for some time. I'll stand aside from yen shorts for now and wait for these conditions to resolve for a clear direction. Though yen longs are likely to get stronger soon if last week's highs are not exceeded.

I'm still amused by Greece's SD - selective default hopium euphoria. A default is a default is a default. Someone cannot be half pregnant! Yawa! Bizarro world of ponzinomics. Now that ECB has subordinated all Greece bondholders, that should make for a good ugly fight when the other PIIGS emulate Sparta. 2012 will definitely be very interesting in euroland. The anger towards banksters will not be funny as labour/civil unrest goes off the charts. Caution as you take your trades.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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The Merchant
#1747 Posted : Wednesday, February 29, 2012 8:27:28 AM
Rank: Veteran


Joined: 5/24/2010
Posts: 846
Location: KENYA
QW25091985 wrote:
The Merchant wrote:
Is that a cup and handle formation on the EUR/USD hourly chart? I dare say we will see a major move to the upside. fasten your seat belts. BUY NOW.



totally agree. there will be a major move in the u.s session ..i hope its up but euro is showing some toping behavior ...
if you have some positions i suggest you wait for break out !

Applause Applause I hope you gentlemen listened. A break out happened and seems headed higher.smile Fundamentally I don't see why but technically we have a bullish signal....
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QW25091985
#1748 Posted : Wednesday, February 29, 2012 8:30:24 AM
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Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
Euro will go down during london session.
Euro ,nzd , aud all look bullish.
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hisah
#1749 Posted : Wednesday, February 29, 2012 9:57:00 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
The Merchant wrote:
QW25091985 wrote:
The Merchant wrote:
Is that a cup and handle formation on the EUR/USD hourly chart? I dare say we will see a major move to the upside. fasten your seat belts. BUY NOW.



totally agree. there will be a major move in the u.s session ..i hope its up but euro is showing some toping behavior ...
if you have some positions i suggest you wait for break out !

Applause Applause I hope you gentlemen listened. A break out happened and seems headed higher.smile Fundamentally I don't see why but technically we have a bullish signal....

@Merchant - now you get how the bizarro market works. Nothing from what you learn is school applies in the outside world where you meet casinomics or ponzinomics smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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QW25091985
#1750 Posted : Wednesday, February 29, 2012 10:19:59 AM
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Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
1.3485 seems to be hard for the euro$ and its also at the 50% fib retracement. if we donot take that out we have topped !
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QW25091985
#1751 Posted : Wednesday, February 29, 2012 10:56:33 AM
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this LTRO thats being announced today must be really a big deal .. haltin the market big time
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Ceinz
#1752 Posted : Wednesday, February 29, 2012 11:00:46 AM
Rank: Veteran


Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
hisah wrote:
The Merchant wrote:
QW25091985 wrote:
The Merchant wrote:
Is that a cup and handle formation on the EUR/USD hourly chart? I dare say we will see a major move to the upside. fasten your seat belts. BUY NOW.



totally agree. there will be a major move in the u.s session ..i hope its up but euro is showing some toping behavior ...
if you have some positions i suggest you wait for break out !

Applause Applause I hope you gentlemen listened. A break out happened and seems headed higher.smile Fundamentally I don't see why but technically we have a bullish signal....

@Merchant - now you get how the bizarro market works. Nothing from what you learn is school applies in the outside world where you meet casinomics or ponzinomics smile


Yap, in this game you either read the mind of the ponzinomics or adjust your style to expect anything.
“small step for man”
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Ceinz
#1753 Posted : Wednesday, February 29, 2012 11:04:03 AM
Rank: Veteran


Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
QW25091985 wrote:
1.3485 seems to be hard for the euro$ and its also at the 50% fib retracement. if we donot take that out we have topped !


I'm of the same opinion, its a top for now, we may expect retracement before we take it out later. Remember my target 1.39.
“small step for man”
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QW25091985
#1754 Posted : Wednesday, February 29, 2012 11:12:48 AM
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Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
Ceinz wrote:
QW25091985 wrote:
1.3485 seems to be hard for the euro$ and its also at the 50% fib retracement. if we donot take that out we have topped !


I'm of the same opinion, its a top for now, we may expect retracement before we take it out later. Remember my target 1.39.



i think if we donot make a new high today then 1.2000 is on the cards long term...
the larger trend is still down ...
lets see how this LTRO announcement goes about !
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The Merchant
#1755 Posted : Wednesday, February 29, 2012 1:42:00 PM
Rank: Veteran


Joined: 5/24/2010
Posts: 846
Location: KENYA
hisah wrote:
The Merchant wrote:
QW25091985 wrote:
The Merchant wrote:
Is that a cup and handle formation on the EUR/USD hourly chart? I dare say we will see a major move to the upside. fasten your seat belts. BUY NOW.



totally agree. there will be a major move in the u.s session ..i hope its up but euro is showing some toping behavior ...
if you have some positions i suggest you wait for break out !

Applause Applause I hope you gentlemen listened. A break out happened and seems headed higher.smile Fundamentally I don't see why but technically we have a bullish signal....

@Merchant - now you get how the bizarro market works. Nothing from what you learn is school applies in the outside world where you meet casinomics or ponzinomics smile

Laughing out loudly Laughing out loudly Laughing out loudly So trueLaughing out loudly Laughing out loudly Ati selective default, my my??!!!d'oh! d'oh! d'oh! d'oh! Laughing out loudly Laughing out loudly Laughing out loudly
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Ceinz
#1756 Posted : Wednesday, February 29, 2012 6:10:37 PM
Rank: Veteran


Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
QW25091985 wrote:
Ceinz wrote:
QW25091985 wrote:
1.3485 seems to be hard for the euro$ and its also at the 50% fib retracement. if we donot take that out we have topped !


I'm of the same opinion, its a top for now, we may expect retracement before we take it out later. Remember my target 1.39.



i think if we donot make a new high today then 1.2000 is on the cards long term...
the larger trend is still down ...
lets see how this LTRO announcement goes about !


And there goes the fall.
“small step for man”
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Mkimwa
#1757 Posted : Wednesday, February 29, 2012 7:33:43 PM
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Joined: 10/26/2008
Posts: 380
Waow.. and Euro is back where it belongs.
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QW25091985
#1758 Posted : Wednesday, February 29, 2012 9:16:21 PM
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Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
Ceinz wrote:
QW25091985 wrote:
Ceinz wrote:
QW25091985 wrote:
1.3485 seems to be hard for the euro$ and its also at the 50% fib retracement. if we donot take that out we have topped !


I'm of the same opinion, its a top for now, we may expect retracement before we take it out later. Remember my target 1.39.



i think if we donot make a new high today then 1.2000 is on the cards long term...
the larger trend is still down ...
lets see how this LTRO announcement goes about !


And there goes the fall.



i think i should just say bye bye to 1.5000. top has now been confirmed ..back to 1.2000 for those who like long term trades
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hisah
#1759 Posted : Wednesday, February 29, 2012 11:40:56 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Wow! Very nasty price reversal in NY session on gold and silver. Such action was last seen in Sept 22nd and Sept 23. Gold's weekly and monthly charts pointing to reversals by close of today - month end. Sidelined for now on the long side.

Long term short taken on NZDCAD - short @0.8310, lot size 0.5, TP - 0.8070. Will take some time to work out, but monthly and weekly confirm on reversal and bears momentum to catch up soon.

Yen crosses, have simply refused to play ball with correction as well as oil...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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QW25091985
#1760 Posted : Thursday, March 01, 2012 7:35:52 AM
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Joined: 1/24/2012
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Location: In Da Hood
that bernake guy can really screw the market !
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