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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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fxtech wrote: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 today there's US bank holiday . tomorrow there's ecb and adp report . friday there's nfp . you still want to hold positions /???
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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EURUSD Leading diagonal. I expect some move up then follow through of main trend down.  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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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Onanda: to indefinitely suspend Weekend fx trading to limit risks - http://www.dowjones.com/...TradingtoLimitRisks.asp
Quote:Unlike most wholesale banks, which typically shut over weekends, Oanda has offered continuous trading. But the company halted trading Sunday, June 17, the day of the closely watched Greek elections, to limit its exposure to big price swings.
"Maintaining a market when the international currency markets are closed represents a significant challenge," Oanda's chief technology officer, Tony Savor, said in the statement.
"In the absence of live market data, Oanda could still offer a price for each currency pair, but with no active market in which to hedge customer trades, Oanda was forced to take on greater risk," Mr. Savor said. "To mitigate this risk, it was necessary to increase spreads but this was deemed to be at odds with Oanda's objective of keeping client costs as low as possible."
Chief Executive K Duker acknowledged that "for some this change in trading hours will be an inconvenience" but said suspending weekend trade was "the obvious conclusion" considering the risks compared with the very low weekend volumes. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mnandii wrote:EURUSD Leading diagonal. I expect some move up then follow through of main trend down. The hopium is running out as expected in a weeks time... Can't the likes of Soros et al just break another central bank in euroland so that we can move on with life. 2008 has dragged on for 5yrs! This is worse than solitary confinement! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Euroland bailouts of bailouts that have not been bailout... Quote:Spanish and Italian bond issuers put the brakes on in the second quarter, selling significantly less debt compared to the same period last year as the sovereign debt crisis escalated.
The volume of bond sales from Spain dropped 82% to $5.5 billion in the second quarter, and Italian volumes fell 75% to $8.8 billion, according to final figures from data-provider Dealogic. http://www.dowjones.com/...DropDramaticallyin2Q.asp$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Interesting article - https://www.dailyfx.com/...Bearish_Chart_Setup.html$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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http://finance.yahoo.com...s-3-high-080100681.html - Swiss Deflation Rises to 3-Year High. Wow! So swiss is in deflation even before the euro goes kaput. Should the euro debt bomb become disorderly in coming months, the SNB will be forced into a massive QE to try and keep the swiss econ afloat. And going by SNB manipulation, oh sorry, intervention tricks, they could set another high floor on the EURCHF cross. With the current deflation situation arising before euroland overcooks with debt burdens, it is easy to make money on shorting the swissie considering the SNB will be looking for policies that will weaken the swissie more without worrying about inflation. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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NFP knocks the euro further down as USD gains across board. EURUSD has now taken out 1.2350 on the way down to 1.22. This now opens up a test of 1.20 in coming weeks. At some point the fed will have to intervene and weaken the USD (QE) before the global econ enters a nasty deflation spiral since euroland is delevaraging... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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hisah wrote:NFP knocks the euro further down as USD gains across board. EURUSD has now taken out 1.2350 on the way down to 1.22. This now opens up a test of 1.20 in coming weeks. At some point the fed will have to intervene and weaken the USD (QE) before the global econ enters a nasty deflation spiral since euroland is delevaraging...  Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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E$Wave III is complete so a correction is expected. Target for correction 1.24** or below. Then wave V starts [1.24** to 1.2** or 1.19**], a 400+ pip move!  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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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mnandii wrote:E$Wave III is complete so a correction is expected. Target for correction 1.24** or below. Then wave V starts [1.24** to 1.2** or 1.19**], a 400+ pip move! I hope E$ plunges beyond 1.15 - 1.1 by Sept. Soros said EU has 90 days to clean house from June. Then it'll be time to favour the euro! $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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Waiting for retracements on EURUSD & EURJPY to enter short Discipline & sticking to your strategy even when you loosing defines great traders.
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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Trading AUDJPY & NZDUSD shorts........ NZDJPY also heading bearish 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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hisah wrote:
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.
hisah wrote:
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.[/color]
Just reviewing previous posts on spot gold. Interesting predictions we go here, support at $1540 held and we are gradually gaining. If euro retaces/bottoms out, that is an indication of risk appetite and the rhetoric of tommorrow fomc minutes hints on possibilities of Q/E then gold will rally. Short term target around $1650. “small step for man”
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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Trading shorts GBPCAD, GBPAUD, USDSGD 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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fxtech wrote:Trading shorts GBPCAD, GBPAUD, USDSGD I admire your prowess at juggling exotics and getting pipped, your must be a master in timing and a patient man.  “small step for man”
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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Ceinz wrote:fxtech wrote:Trading shorts GBPCAD, GBPAUD, USDSGD I admire your prowess at juggling exotics and getting pipped, your must be a master in timing and a patient man. Thanx Ceinz, but I will give you a homework...check GBPAUD, GBPNZD on Daily time frames you will realise why I trade them, if they trend it really moves it makes it easier for me to trade. I hit one set up and hold it for days with huge returns. Discipline & sticking to your strategy even when you loosing defines great traders.
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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QW25091985 wrote:fxtech wrote: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 today there's US bank holiday . tomorrow there's ecb and adp report . friday there's nfp . you still want to hold positions /??? Still holding on to this trade, @QW I learnt fundamentals always reflect on the price so I don't worry much I do my job and read what the price is telling me Discipline & sticking to your strategy even when you loosing defines great traders.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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fxtech wrote:QW25091985 wrote:fxtech wrote: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 today there's US bank holiday . tomorrow there's ecb and adp report . friday there's nfp . you still want to hold positions /??? Still holding on to this trade, @QW I learnt fundamentals always reflect on the price so I don't worry much I do my job and read what the price is telling me News events are usually short term noise. Unless its policy change announcements by a CB or CBs.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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With the euro bleeding badly since last week, I wonder how SNB is surviving defending that 1.20 rate on the EURCHF cross with the swiss econ in deflation... Must be selling swiss francs like crazy to stem the deflation tide. Still favouring shorting the swissie as long as deflation remains as well as negative yields on swiss bonds. This could be a year trade when SNB comes out next meeting with another policy shock to kickout guys from holding swissie positions. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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