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Realities of Forex Investment
hisah
#2451 Posted : Monday, March 03, 2014 4:23:07 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Euroswiss fortress @1.20 and breakdown. That's where the real fight will begin...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
tonicasert
#2452 Posted : Monday, March 03, 2014 6:35:31 AM
Rank: Member

Joined: 3/10/2008
Posts: 301
Location: Abu Dhabi
EUR/USD has finally traded the 1 year resistance of 1.38, time for a pullback? Breakout may mean 1.45 as the next big target.
alutacontinua
#2453 Posted : Monday, March 03, 2014 11:33:02 AM
Rank: Member

Joined: 3/23/2011
Posts: 304
Russia CB raises interest rates by 150 basis points......MICEX now down 10% for the day. Week ahead has RBA, BOC, BOE and ECB meetings while the situation in Ukraine looks to be escalating.....watching commodities very closely.

@hisah thanks for the caution of a possible 15% - 20% sell off in the markets especially after the record highs. How long have you been trading if i may ask?
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
hisah
#2454 Posted : Monday, March 03, 2014 3:22:43 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Short GBPJPY initiated during Asia session @169.90 with an open objective for now. I still expect this thing to test 162. Yen is growing legs as per yen futures positioning.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
mchambuzi
#2455 Posted : Monday, March 03, 2014 5:26:12 PM
Rank: New-farer

Joined: 11/17/2013
Posts: 80
Location: Juja
Gone short eurusd sl 1.3820 looking to book 2/3 position size at 1.3705/10 area
On a long enough timeline, the life expectancy of everyone drops to zero.
mnunuzi
#2456 Posted : Monday, March 03, 2014 6:52:47 PM
Rank: New-farer

Joined: 11/15/2013
Posts: 34
Bought usdyen here at 101.40. I am just going to assume all the risk aversion and put a safe 50pips stop
mnunuzi
#2457 Posted : Tuesday, March 04, 2014 11:07:59 PM
Rank: New-farer

Joined: 11/15/2013
Posts: 34
smile locking in 40pips
hisah
#2458 Posted : Wednesday, March 05, 2014 7:20:50 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
@aluta - just seen ur query. Been trading live since 2004. By Apr it'll be a decade in this crazy markets! At least up to 2008 fundies were somewhat usable, but post GFC the casino lost itself. We must be all mad to participate in this madness arena!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#2459 Posted : Monday, March 10, 2014 7:03:59 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
hisah wrote:
Short GBPJPY initiated during Asia session @169.90 with an open objective for now. I still expect this thing to test 162. Yen is growing legs as per yen futures positioning.

Still sitting in this trade tho the market spiked to 173. SL fixed at 500pips as the beast chops wildly as usual. I'll still stick to long yen in 2014...

My observations are getting hit rapidly: -

- All time highs global stocks as the party continues.
- gold has sprinted and tested $1350
- defaults have started in chingland - Chaori Solar default.

Next shows: -
- yuan-dollar rate spikes to 6.20 - 6.50. Was a spectacular one-way street trade from 7.50. A lot of corp bonds will fry properly as yuan takes it in the chin.

Shows that have delayed: -

-euroswiss peg break down @1.20.
- US 10yr note rate spike above 3%.


If chingland defaults balloon, copper price will fall off the cliff! Large vol on the sell side since 2013.


*feels like Dow 30000 in 2008 or Bear Stearns moments before the shoe fell off...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#2460 Posted : Wednesday, March 12, 2014 2:53:20 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
When a CB is caught up in FX rigging stickiness, then you know SHTF (sh** hits the fan). Thus my GBP selling attraction of late.

http://tinyurl.com/pzkgwol

* Confessions are cranking up in the markets. The 2 never make a pleasant cocktail. *
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
396 Pages«<244245246247248>»
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