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Realities of Forex Investment
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QW25091985
#1921 Posted : Sunday, June 10, 2012 10:47:54 PM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
QW25091985 wrote:
1.19xx next level !


my target is 500 pips from my short on Friday ! easy money if you ask me . lets see.
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hisah
#1922 Posted : Monday, June 11, 2012 8:30:20 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
mnandii wrote:
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

The funny Spanish bailout will mess up any euro TA for now. I expect the markets to take a risk on approach on this 'hopium' boost. But June 17-18 is still an obstacle to be overcome.
Things are getting interesting. Watch gold & silver smile Spain & Italy are too huge to bailout without crimping the euro value.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mnandii
#1923 Posted : Monday, June 11, 2012 9:00:50 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
Thanks @hisah.
EURUSD is risky but I want to try this trade:

EURUSD WAVE (1): 1.2624-1.2288=336 PIPS.

Retracement of WAVE (1)=WAVE (2)= 1.2435.
This is slightly lower than 50% FIB level (1.2456).

WAVE (3) TARGET: 1.618*336=543 pips.
I.E. 1.2435+543=1.2978(NB: QW's interim target was 1.28xx)

Trade taken LONG at 1.2640 TP:OPEN SL:OPEN.
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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dave.kim
#1924 Posted : Monday, June 11, 2012 11:42:29 AM
Rank: Member

Joined: 6/25/2010
Posts: 176
breakaway gap on EU...a rally might happen
Rule No.1 is never lose money. Rule No.2 is never forget rule number one
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hisah
#1925 Posted : Monday, June 11, 2012 1:34:48 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
dave.kim wrote:
breakaway gap on EU...a rally might happen

Remember that gaps (up or down) always get filled.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1926 Posted : Monday, June 11, 2012 4:28:45 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Spain bailout hopium has worn out pretty fast!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1927 Posted : Monday, June 11, 2012 6:27:41 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Mike Maloney and gold - https://www.youtube.com/watch?v=Ykv5Uae2aiw
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1928 Posted : Tuesday, June 12, 2012 12:08:33 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
hisah wrote:
dave.kim wrote:
breakaway gap on EU...a rally might happen

Remember that gaps (up or down) always get filled.


@dave - the EURUSD gap has been filled. Still record short contracts keep piling up as we approach June 17 when Sparta votes again and we know if they'll exit the euro.

George Soros has said the EU has T+79 days to contain the looming disorderly breakup! This coming from a guy who almost broke the BoE (Bank of England - a central bank??) during the previous euro crisis (ERM) in 1992, this is not a joke!

https://en.wikipedia.org/wiki/Black_Wednesday

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1929 Posted : Tuesday, June 12, 2012 5:16:47 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
And the CHF signal I've been waiting for finally comes. Saxo bank has hiked the CHF margin requirement from 1% to 2% from June 14 and 4% from June 21. So that means from today through June 21 the CHF margin hike is 4x or 400%!??

And to boot this is what they think since they expect the EURCHF peg to hit the bunkers anytime soon!

Quote:
The Bank, therefore, recommends reducing all short CHF exposure over the summer period as the tail-risk in both Switzerland and Europe is rising.


Yep, time to start looking for those CHF longs. And to imagine everyone is on the short side of CHF due to the EURCHF 1.20 SNB peg, if it collapses, getting out will be a big issue for large positions even with a small leverage of 2x... And thinking about some ridiculous leverages of 20x or more, the picture gets very disturbing on any peg breakdown. Those stops getting triggered would create an avalanche of a breakdown!

http://forexmagnates.com...ses-margin-requirements/
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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dave.kim
#1930 Posted : Tuesday, June 12, 2012 7:15:45 PM
Rank: Member

Joined: 6/25/2010
Posts: 176
hisah wrote:
hisah wrote:
dave.kim wrote:
breakaway gap on EU...a rally might happen

Remember that gaps (up or down) always get filled.


@dave - the EURUSD gap has been filled. Still record short contracts keep piling up as we approach June 17 when Sparta votes again and we know if they'll exit the euro.

George Soros has said the EU has T+79 days to contain the looming disorderly breakup! This coming from a guy who almost broke the BoE (Bank of England - a central bank??) during the previous euro crisis (ERM) in 1992, this is not a joke!

https://en.wikipedia.org/wiki/Black_Wednesday


Am glad i held back the urge to jump in. I got a chance to watch Soros sit down on the investor bloomberg show. A genius with Balls of Steel
Rule No.1 is never lose money. Rule No.2 is never forget rule number one
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