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Realities of Forex Investment
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QW25091985
#1921 Posted : Sunday, June 10, 2012 10:47:54 PM
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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
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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
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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
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Joined: 8/4/2010
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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
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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
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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
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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
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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
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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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hisah
#1931 Posted : Monday, June 18, 2012 10:09:24 AM
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Greece election outcome still the same old circus. French parliament is now a strong socialist bunch after their bunge polls yesterday.

With Spain & Italian bond yields rallying despite spain's mini bailout, I expect FOMC to announce some sort of QE this week. If so, I'll be buying silver & gold.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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QW25091985
#1932 Posted : Tuesday, June 19, 2012 9:00:16 AM
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hisah
#1933 Posted : Thursday, June 21, 2012 6:45:52 PM
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Get ready for Moodys... it is in a foul mood...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1934 Posted : Friday, June 22, 2012 7:38:16 AM
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hisah wrote:
Get ready for Moodys... it is in a foul mood...

Moody Moodys downgrades 15 major global banks.

www.reuters.com/article/...E85K1QL20120622?irpc=932

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mnandii
#1935 Posted : Sunday, June 24, 2012 9:11:31 AM
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Gold targeting 1300. EURUSD to soar before plunging toward 1.19 levels.
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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hisah
#1936 Posted : Sunday, June 24, 2012 9:34:12 AM
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It started with Swiss then German and now Danish bond yields go negative. Large funds are now willing to pay the 3 gubberments to hold their money!? Think of it like buying a bond for $100 and getting ur money back as $98?! This usually happens when pricing in a deflation period aka recession. As long as investors keep chasing negative yields in euroland, the euro is in hot soup.

So now investors want the return of the mark as well as payment in swissie and now danish kronor in case the euro goes kaput.

www.moneyweek.com/blog/d...elds-rising-kroner-59422
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1937 Posted : Monday, June 25, 2012 4:47:04 PM
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Ze German PM is talking tough and crimping markets... She doesn't want to hear any proposals to do with joint eurobonds or joint deposit insurance if it means joint liability. Yep, Ze Germans talk, and Ze Germans own euroland and euroland shall abide by the master. And in the process the euro and oil nosedive accordingly.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1938 Posted : Monday, June 25, 2012 4:49:57 PM
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And in US session that German lady talk is not helping volatility...

http://finance.yahoo.com/q?s=^VIX - Volatility index up 20%+ pre-open...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1939 Posted : Monday, June 25, 2012 4:54:46 PM
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mnandii wrote:
Gold targeting 1300. EURUSD to soar before plunging toward 1.19 levels.

Their is strong support at $1500 - $1540 level. Two asian central banks got in at that zone. I want to see if the shake out can test again $1520 and then the bids take over. It will be very hard to tear beyond $1480 with china and asia on the bid side. The asians have been buying record amounts on every price dip opportunity.

But I prefer silver which has now leaked below $27. If it can test $24.50 - $25 the better for a buy grab.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1940 Posted : Monday, June 25, 2012 5:04:47 PM
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hisah wrote:
Yep. Liking the oil hammering... Iran war my foot smile




Above was stated back in May 14. And now to spice things up a little.

The USD chart... USD is still on a tear (getting more expensive). With US elections around the corner, another debt ceiling limit almost being hit, well US Fed will be forced to do the obvious. Print the USD to weaken its strength to boost exports as well as lend a helping hand to the euroland brothers in recession. Then and only then will soft commodities recover.

Crude oil has already leaked through strong support at $79.


$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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