Wazua
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Realities of Forex Investment
Rank: Chief Joined: 8/4/2010 Posts: 8,977
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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. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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Going short AUDJPY@84.17 , EURCAD@1.3113Discipline & sticking to your strategy even when you loosing defines great traders.
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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still bullish on euro$ tp 1.3261
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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yep without a doubt i know you had a field day on friday .
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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QW25091985 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.
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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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”
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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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!
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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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”
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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Still bearish euro/usd. target 1 : 1.2960. “small step for man”
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Wazua
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