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Realities of Forex Investment
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QW25091985
#1951 Posted : Saturday, June 30, 2012 12:19:49 PM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
@all. that summmit was a nice piece of creative economic management !
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hisah
#1952 Posted : Saturday, June 30, 2012 3:02:25 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
QW25091985 wrote:
so here's my conclusion of the euro summit

The EU plan was “a decisive solution using a fund that doesn’t exist to buy debt that won’t be repaid via a mechanism that has yet to be agreed upon

Nice summary on euroland ponzinomics.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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cnn
#1953 Posted : Saturday, June 30, 2012 5:06:17 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
hisah wrote:
QW25091985 wrote:
so here's my conclusion of the euro summit

The EU plan was “a decisive solution using a fund that doesn’t exist to buy debt that won’t be repaid via a mechanism that has yet to be agreed upon

Nice summary on euroland ponzinomics.

http://bmbull.wordpress.com/
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hisah
#1954 Posted : Sunday, July 01, 2012 8:45:38 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
hisah wrote:
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.



Euroland saved for the n+nth time! Did anyone notice crude oil spiked 9% plus to cheer the 'good' news!? Remember the euroland Iranian oil ban is in effect from today - July 1st.
It's about to get interesting soon at the financial markets esp when oil spikes such as this appear...


http://articles.marketwa...n-british-thermal-units


$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Sunday, July 01, 2012 8:46 AM | Reason: Not specified
QW25091985
#1955 Posted : Sunday, July 01, 2012 7:36:33 PM
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Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
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QW25091985
#1956 Posted : Sunday, July 01, 2012 7:38:37 PM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
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QW25091985
#1957 Posted : Sunday, July 01, 2012 7:39:47 PM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
mnandii wrote:
mnandii wrote:
Gold targeting 1300. EURUSD to soar before plunging toward 1.19 levels.


Sometime back. smile



wow nice prediction . can i borrow your crystal ball ?
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mnandii
#1958 Posted : Sunday, July 01, 2012 7:51:44 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
QW25091985 wrote:
mnandii wrote:
mnandii wrote:
Gold targeting 1300. EURUSD to soar before plunging toward 1.19 levels.


Sometime back. smile



wow nice prediction . can i borrow your crystal ball ?


smile Ongoja kidogo. Being refined.
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
#1959 Posted : Wednesday, July 04, 2012 1:59:10 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
Marc Faber On Euro
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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fxtech
#1960 Posted : Wednesday, July 04, 2012 10:01:46 AM
Rank: Member

Joined: 5/31/2010
Posts: 325
Location: NAIROBI
Going Long AUDNZD @ 1.27834, SL 1.27260 TP 1.2933 for 150pips

Trade taken on bases of Daily Bull divergence off daily pin bar on 26.6.12 and a fill of gap that formed on mon open price followed by H4 bullish price action signals
Discipline & sticking to your strategy even when you loosing defines great traders.
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