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Realities of Forex Investment
hisah
#1821 Posted : Monday, April 02, 2012 7:58:08 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Watch out for spain. The riots are about to get uglier. When will europa remove the shortselling ban? Bure kabisa...

CoTs report shows one heck of a large bet by net spec positions on the yen. So large you have to go back to July 2007 to find a similar bet. That's a hint...

Still holding NZDCAD position 2 short now into week 5... SL @0.8240. The scope still looks lower to 0.78-0.79.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
QW25091985
#1822 Posted : Monday, April 02, 2012 10:15:54 AM
Rank: User


Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
whats up with .3360 level on euro$ . price doesnot want to pass there ?
this ranging is killing me
The Merchant
#1823 Posted : Monday, April 02, 2012 11:53:13 AM
Rank: Veteran


Joined: 5/24/2010
Posts: 846
Location: KENYA
QW25091985 wrote:
whats up with .3360 level on euro$ . price doesnot want to pass there ?
this ranging is killing me

Sad Sad killing us allSad Sad
QW25091985
#1824 Posted : Tuesday, April 03, 2012 9:53:39 PM
Rank: User


Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
The Merchant wrote:
QW25091985 wrote:
whats up with .3360 level on euro$ . price doesnot want to pass there ?
this ranging is killing me

Sad Sad killing us allSad Sad


now we know why it never wanted to go higher...sad i caught a little of the sell -off.
dave.kim
#1825 Posted : Wednesday, April 04, 2012 1:26:39 PM
Rank: Member


Joined: 6/25/2010
Posts: 176
QW25091985 wrote:
The Merchant wrote:
QW25091985 wrote:
whats up with .3360 level on euro$ . price doesnot want to pass there ?
this ranging is killing me

Sad Sad killing us allSad Sad


now we know why it never wanted to go higher...sad i caught a little of the sell -off.

might reach .3030 in the next few days
Rule No.1 is never lose money. Rule No.2 is never forget rule number one
hisah
#1826 Posted : Wednesday, April 04, 2012 2:37:51 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Spain CDS smoldering today. Back to Nov 28 2011 levels. Portugal too looks 'fine'. Sparta is saved, but hopium effect has run out. More hopium required d'oh!

Now waiting for Greece bondholders that refused to be subordinated by ECB to start the lawsuits cat fight smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
fxtech
#1827 Posted : Thursday, April 05, 2012 11:27:11 AM
Rank: Member


Joined: 5/31/2010
Posts: 325
Location: NAIROBI
Looking to keep SHORTING AUDUSD AUDJPY EURJPY
Discipline & sticking to your strategy even when you loosing defines great traders.
hisah
#1828 Posted : Tuesday, April 10, 2012 2:32:16 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
A USD rally is coming soon... Watch out as risk trade takes a beating... April is poised to be a sellside month for global stocks and commodities. The Italian and Spanish equity markets look very bearish to say the least. And as expected the ugly Nikkei bull rally on very weak support (volume fumes) has reversed with a thud.



$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Ceinz
#1829 Posted : Tuesday, April 10, 2012 2:32:43 PM
Rank: Veteran


Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Forex Trading Volumes Drop Again in March
http://www.babypips.com/blogs/e...rop-again-in-march.html
“small step for man”
hisah
#1830 Posted : Wednesday, April 11, 2012 6:13:13 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Closing position 2 NZDCAD short at market. Short was taken @0.8310 back in Feb 29 2012. After 2 months CAD bulls have been unable to break the 0.98 floor on USDCAD. Looking at the USDCAD weekly chart, the objective of USD bulls is to target 1.0220 after breaking the falling trend line since Nov 20 2011. CAD bulls have run out of steam and worse commodities look poised to sink lower. That should see AUS, NZD and CAD bulls take a beating soon.

New trade - lot size 0.2 USDCAD long @1.0010. Objective open for now and testing for strength before I take a larger position. This position is based on the weekly chart.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1831 Posted : Thursday, April 12, 2012 11:26:14 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
New trade taken in asia session - short EURGBP @0.8260 lot size 0.2. Weekly objective points to 0.8100 as target. On a larger period (monthly) the objective is 0.7500. On the monthly chart an ugly H&S pattern has developed.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
fxtech
#1832 Posted : Friday, April 13, 2012 10:34:52 AM
Rank: Member


Joined: 5/31/2010
Posts: 325
Location: NAIROBI
Going short AUDJPY@84.17 , EURCAD@1.3113
Discipline & sticking to your strategy even when you loosing defines great traders.
QW25091985
#1833 Posted : Friday, April 13, 2012 10:41:01 AM
Rank: User


Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
still bullish on euro$ tp 1.3261
QW25091985
#1834 Posted : Sunday, April 15, 2012 12:17:07 PM
Rank: User


Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
QW25091985
#1835 Posted : Sunday, April 15, 2012 12:18:16 PM
Rank: User


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


yep without a doubt i know you had a field day on friday .
fxtech
#1836 Posted : Monday, April 16, 2012 7:25:36 AM
Rank: Member


Joined: 5/31/2010
Posts: 325
Location: NAIROBI
QW25091985 wrote:
fxtech wrote:


yep without a doubt i know you had a field day on friday .



trades doing extremely well, same to my earlier posts on AUDUSD, EURJPY SHORTS,
Discipline & sticking to your strategy even when you loosing defines great traders.
Ceinz
#1837 Posted : Tuesday, April 17, 2012 8:15:55 AM
Rank: Veteran


Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Eur/usd, looks like we about to plunge back to 1.30 support. A break below this our target will be 1.26 levels.
“small step for man”
hisah
#1838 Posted : Tuesday, April 17, 2012 11:32:11 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Ceinz wrote:
Eur/usd, looks like we about to plunge back to 1.30 support. A break below this our target will be 1.26 levels.

Trading this ugly sisters pair is not only torrid, but has become an unwelcome headache since last year. It's like there is a silent agreement on how the pair should trade. E.g. at 1.3s the euro is bloody expensive vs USD with all the econ fundamentals of eurozone. It would be easier if the ECB comes out like the SNB and says they have pegged EURUSD at 1.30 so that trading this pair makes sense. For now it is just a broken market with zero chances of making anything out of it.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Ceinz
#1839 Posted : Tuesday, April 17, 2012 12:21:31 PM
Rank: Veteran


Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
hisah wrote:
Ceinz wrote:
Eur/usd, looks like we about to plunge back to 1.30 support. A break below this our target will be 1.26 levels.

Trading this ugly sisters pair is not only torrid, but has become an unwelcome headache since last year. It's like there is a silent agreement on how the pair should trade. E.g. at 1.3s the euro is bloody expensive vs USD with all the econ fundamentals of eurozone. It would be easier if the ECB comes out like the SNB and says they have pegged EURUSD at 1.30 so that trading this pair makes sense. For now it is just a broken market with zero chances of making anything out of it.


Thanks. Makes a lot of sense.
“small step for man”
Ceinz
#1840 Posted : Tuesday, April 17, 2012 1:03:18 PM
Rank: Veteran


Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Still bearish euro/usd. target 1 : 1.2960.
“small step for man”
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