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Realities of Forex Investment
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hisah
#1901 Posted : Wednesday, May 30, 2012 3:19:29 PM
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Joined: 8/4/2010
Posts: 8,977
Houston, we got a USD problem. This USD thing is about to good very bad on many financial markets when you look at the long term charts facing a solid resistance breakout!?




As for the euro futures, one more push down and this thing unravels badly. EURUSD could test 1.19 again!

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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dave.kim
#1902 Posted : Friday, June 01, 2012 6:24:10 PM
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Joined: 6/25/2010
Posts: 176
The NFP results have given Gold fuel to rally and breakout out of the trangle on 4-hour and confirm strength of the 1517 support.Entry at 1587.10, target 1647.75....The descending triangle on the weekly chart is still intact
Rule No.1 is never lose money. Rule No.2 is never forget rule number one
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hisah
#1903 Posted : Friday, June 01, 2012 8:54:44 PM
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Joined: 8/4/2010
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dave.kim wrote:
The NFP results have given Gold fuel to rally and breakout out of the trangle on 4-hour and confirm strength of the 1517 support.Entry at 1587.10, target 1647.75....The descending triangle on the weekly chart is still intact

I have been silently watching gold and silver corrections as the USD goes on a rampage. And I'm impressed by the way they have held onto their own as stocks and commodities esp oil got a major hammering. This means gold and silver are being accumulated during this period. Silver has been in a correction for 13 months now and almost 50% retraced from the $50 highs. I'm planing to buy large positions going forward. My gold target for the year is $2500. Looks unbelievable, but some interesting events are looming in the horizon for the fiat currency system due to the USD complex...

I expect gold and silver to rally in the next 2 years like crazy and this is not based on TA but fundies.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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dave.kim
#1904 Posted : Friday, June 01, 2012 11:24:39 PM
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Joined: 6/25/2010
Posts: 176
hisah wrote:
dave.kim wrote:
The NFP results have given Gold fuel to rally and breakout out of the trangle on 4-hour and confirm strength of the 1517 support.Entry at 1587.10, target 1647.75....The descending triangle on the weekly chart is still intact

I have been silently watching gold and silver corrections as the USD goes on a rampage. And I'm impressed by the way they have held onto their own as stocks and commodities esp oil got a major hammering. This means gold and silver are being accumulated during this period. Silver has been in a correction for 13 months now and almost 50% retraced from the $50 highs. I'm planing to buy large positions going forward. My gold target for the year is $2500. Looks unbelievable, but some interesting events are looming in the horizon for the fiat currency system due to the USD complex...

I expect gold and silver to rally in the next 2 years like crazy and this is not based on TA but fundies.

boss.share the knowledge!!My TA is putting gold at 2060
Rule No.1 is never lose money. Rule No.2 is never forget rule number one
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hisah
#1905 Posted : Saturday, June 02, 2012 7:56:18 AM
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@dave - most of the piigs life line matures late 2013 and 2014. Watch Italy...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1906 Posted : Wednesday, June 06, 2012 5:36:55 PM
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@dave - have a look at this chart as further evidence...

Chart courtesy of Bloomberg.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1907 Posted : Wednesday, June 06, 2012 5:51:21 PM
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@dave - more on gold. If this metal was going out of fashion, then China has completely lost it... When the largest dollar reserve purse holder goes on a gold buying spree, you've got to take notice and follow the leader... I hope this is enough evidence to guide you along. Also note that $1540 is a solid support area due to CB of S.Korea. They bought bucket-loads last year at that price and much higher at $1800s as well. China and India have built support layers all the way from $1080 back in 2009 when GFC wanted to blow up everyone.



China Gold Imports From Hong Kong At Record Levels In April 2012 - http://seekingalpha.com/...rd-levels-in-april-2012

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1908 Posted : Wednesday, June 06, 2012 5:55:02 PM
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Back to FX - EURUSD is on a mild short squeeze for now. Target 1.26s before the next down leg aiming sub 1.20. However, shorting this ugly pair is dangerous business due to the record short contracts. Even during GFC the euro short contracts never went to such levels of one-sided pile up.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mnandii
#1909 Posted : Thursday, June 07, 2012 10:47:22 AM
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Joined: 10/11/2006
Posts: 2,304
hisah wrote:
Back to FX - EURUSD is on a mild short squeeze for now. Target 1.26s before the next down leg aiming sub 1.20. However, shorting this ugly pair is dangerous business due to the record short contracts. Even during GFC the euro short contracts never went to such levels of one-sided pile up.


I have analysed the EURUSD 1 HR Elliot Waves and wave 5 has a top at 1.2585. I expect a retracement to at least 1.2362 level in the interim.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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QW25091985
#1910 Posted : Thursday, June 07, 2012 10:51:08 AM
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Joined: 1/24/2012
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Location: In Da Hood
we have to touch 1.28xx level first before any talk of retracement can come through
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dave.kim
#1911 Posted : Thursday, June 07, 2012 11:09:24 AM
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@hisah.duly noted.al keep an eye on it for a break above 1800
Rule No.1 is never lose money. Rule No.2 is never forget rule number one
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hisah
#1912 Posted : Friday, June 08, 2012 4:03:04 PM
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hisah wrote:
Back to FX - EURUSD is on a mild short squeeze for now. Target 1.26s before the next down leg aiming sub 1.20. However, shorting this ugly pair is dangerous business due to the record short contracts. Even during GFC the euro short contracts never went to such levels of one-sided pile up.

EURUSD - playing according to the script. Now the downtrend resumes.
@mnandii - I expect your retrace target of 1.23 to be surpassed. Watch out for Greece elections on June 17th...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1913 Posted : Friday, June 08, 2012 4:08:57 PM
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dave.kim wrote:
@hisah.duly noted.al keep an eye on it for a break above 1800

Wait for gold to retest $1520. A break below $1500 would be better for loading up.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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fxtech
#1914 Posted : Friday, June 08, 2012 4:34:52 PM
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Joined: 5/31/2010
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Location: NAIROBI
hisah wrote:
hisah wrote:
Back to FX - EURUSD is on a mild short squeeze for now. Target 1.26s before the next down leg aiming sub 1.20. However, shorting this ugly pair is dangerous business due to the record short contracts. Even during GFC the euro short contracts never went to such levels of one-sided pile up.

EURUSD - playing according to the script. Now the downtrend resumes.
@mnandii - I expect your retrace target of 1.23 to be surpassed. Watch out for Greece elections on June 17th...


Good bearish opportunity on Eurusd & Eurjpy to get Short.
Discipline & sticking to your strategy even when you loosing defines great traders.
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hisah
#1915 Posted : Friday, June 08, 2012 4:54:49 PM
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Courtesy of J.W. Jones - For those scouting gold stocks.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mnandii
#1916 Posted : Saturday, June 09, 2012 9:59:37 AM
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Joined: 10/11/2006
Posts: 2,304
hisah wrote:
hisah wrote:
Back to FX - EURUSD is on a mild short squeeze for now. Target 1.26s before the next down leg aiming sub 1.20. However, shorting this ugly pair is dangerous business due to the record short contracts. Even during GFC the euro short contracts never went to such levels of one-sided pile up.

EURUSD - playing according to the script. Now the downtrend resumes.
@mnandii - I expect your retrace target of 1.23 to be surpassed. Watch out for Greece elections on June 17th...


Gracious.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#1917 Posted : Saturday, June 09, 2012 10:03:23 AM
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There appears to be a high correlation btw the pairs EURUSD and AUDUSD. That is, both reached their wave 5 tops simultaneously. Now in their correction both 'have' completed wave B correction and now headed toward C together.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#1918 Posted : Sunday, June 10, 2012 10:09:02 AM
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mnandii wrote:
There appears to be a high correlation btw the pairs EURUSD and AUDUSD. That is, both reached their wave 5 tops simultaneously. Now in their correction both 'have' completed wave B correction and now headed toward C together.

Wave B not complete yet.Anxious
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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QW25091985
#1919 Posted : Sunday, June 10, 2012 2:45:56 PM
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1.19xx next level !
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QW25091985
#1920 Posted : Sunday, June 10, 2012 10:43:32 PM
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mnandii wrote:
There appears to be a high correlation btw the pairs EURUSD and AUDUSD. That is, both reached their wave 5 tops simultaneously. Now in their correction both 'have' completed wave B correction and now headed toward C together.



there HAS ALWAYS been a high colleration between the two currencies coz they both are risky currencies ..oh and they have USD
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