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Realities of Forex Investment
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QW25091985
#1761 Posted : Thursday, March 01, 2012 7:38:22 AM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
QW25091985 wrote:
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



Correction : lets not get too bearish on eurusd at first because i have just noticed we are actually in a channel on daily tf .lower trendline is at .3122 . so if we dnt break that then up we go ...
but for now lets sell on all rallies
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fxtech
#1762 Posted : Thursday, March 01, 2012 7:49:58 AM
Rank: Member

Joined: 5/31/2010
Posts: 325
Location: NAIROBI
EURUSD, EURAUD & EURCAD, high probability to move lower, will be trading these pairs through the coming sessions
Discipline & sticking to your strategy even when you loosing defines great traders.
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QW25091985
#1763 Posted : Thursday, March 01, 2012 7:19:11 PM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
QW25091985 wrote:
QW25091985 wrote:
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



Correction : lets not get too bearish on eurusd at first because i have just noticed we are actually in a channel on daily tf .lower trendline is at .3122 . so if we dnt break that then up we go ...
but for now lets sell on all rallies



Okay this is what i mean . not a major top but a small top



so sell on all rallies
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QW25091985
#1764 Posted : Friday, March 02, 2012 7:05:36 AM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
what a whack day yesterday was ! no movement at all on euro pairs !
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hisah
#1765 Posted : Friday, March 02, 2012 7:30:51 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
QW25091985 wrote:
what a whack day yesterday was ! no movement at all on euro pairs !

Just as a reminder. When oil is in an overly excited rally mood period, chopiness becomes surreal. Berserk price moves have a nasty whiplash effect. But after the chopiness is sorted out the trend becomes clear. Soon markets either rally big or selloff big. Most markets look toppish, my bias is on the sellside - risk off i.e. risk hungry ccys to get shorted.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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fxtech
#1766 Posted : Monday, March 05, 2012 8:03:15 AM
Rank: Member

Joined: 5/31/2010
Posts: 325
Location: NAIROBI
fxtech wrote:
EURUSD, EURAUD & EURCAD, high probability to move lower, will be trading these pairs through the coming sessions




The above pairs pocketed enough pips last week, they had nice bearish moves, very nice trades.


TRADE IDEA;

High probability NZDUSD, EURUSD will trade lower as the week starts,

WATCHLIST;

OIL, EURCAD, EURAUD, EURJPY, AUDJPY
Discipline & sticking to your strategy even when you loosing defines great traders.
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QW25091985
#1767 Posted : Monday, March 05, 2012 8:49:44 AM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
fxtech wrote:
fxtech wrote:
EURUSD, EURAUD & EURCAD, high probability to move lower, will be trading these pairs through the coming sessions




The above pairs pocketed enough pips last week, they had nice bearish moves, very nice trades.


TRADE IDEA;

High probability NZDUSD, EURUSD will trade lower as the week starts,

WATCHLIST;

OIL, EURCAD, EURAUD, EURJPY, AUDJPY




mmmmhhh ! i just entered a long . not so encouraging . lol. but am bullish on eur.
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Ceinz
#1768 Posted : Monday, March 05, 2012 9:14:41 AM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
I agree with fxtech, am bearish Nzd, for now euro bearish but might turn to bullish later on in the week. An interesting week fundamentaly -numerous rates releases and nfp.
“small step for man”
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hisah
#1769 Posted : Monday, March 05, 2012 4:02:59 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
The CAD bull has started moving after USDCAD gives up 0.9960 support last week. EURCAD has nasty weekly reversal as per the candlestick pattern. Next support is 1.2980 and if broken down next support is 1.2860. Beyond that support it gets really ugly as the bears will become too strong aiming 1.2480.

Gold likely to retest $1680 before the next up leg. That should be a good level to reload more longs. I hope it can go as low as $1650.

NZDCAD short @0.8310 taken last week working out slowly. At the current price this has already recouped the $465 loss on the yen cross shorts taken 2 weeks back. Still a big bear on kiwi as stated from the beginning of the year.

@Ceinz, @QW - The weekly price action on EURUSD shows a potential breakdown is likely. 1.2950 is definitely the bears target before the bears can gain full strength. Shorts will wait for a rally retest and failure around 1.3310. Last week's EURUSD whacky reversal after all the LTRO hype and Sparta "is saved - see no evil default didn't happen" points to very shaky times for euro bulls and euroland.

T+15 days to go...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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QW25091985
#1770 Posted : Monday, March 05, 2012 4:33:58 PM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
am so bullish eur$ it hurts ...lol
i see a very bullish week ahead for risky assets and bearish for usd ...nfp or no nfp i think we will rally hard this week !
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