Wazua
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Realities of Forex Investment
Rank: Elder Joined: 3/19/2013 Posts: 2,552
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hisah wrote: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. * When conspiracy theories started going mainstream,I knew all was not well.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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EURUSD: After hitting 1.3845 low, first wave down, expect a small correction to about 1.3909 before resuming the sell-off. 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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mnandii wrote:EURUSD:
After hitting 1.3845 low, first wave down, expect a small correction to about 1.3909 before resuming the sell-off. Moving swiftly toward objective i.e. 1.3909 or slightly more.  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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mnandii wrote:mnandii wrote:EURUSD:
After hitting 1.3845 low, first wave down, expect a small correction to about 1.3909 before resuming the sell-off. Moving swiftly toward objective i.e. 1.3909 or slightly more. Nice. My sell order at 1.3896 hit. Now we wait for the turn lower. 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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mnandii wrote:mnandii wrote:mnandii wrote:EURUSD:
After hitting 1.3845 low, first wave down, expect a small correction to about 1.3909 before resuming the sell-off. Moving swiftly toward objective i.e. 1.3909 or slightly more. Nice. My sell order at 1.3896 hit. Now we wait for the turn lower. Caution is required though. The rise appears strong. 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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The chingland defaults continue... http://nws.mx/1icJ2av
USDCNY 5yr chart - http://www.xe.com/currencycharts/?from=USD}&to=CNY&view=5Y This one way trade is done and the yuan bulls are about to get a proper haircut on those corporate bonds. 6.20 is fast approaching then 6.30 when pain central becomes hotter... *** markets hate confessions, confessions = defaults, a debasement event is now a reality just like "Dow 30,000" *** When all is finished, you'll see blackstone... $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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Anybody with idea on VIPortal.co.ke? The guys seem crazy.  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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mnandii wrote:mnandii wrote:mnandii wrote:mnandii wrote:EURUSD:
After hitting 1.3845 low, first wave down, expect a small correction to about 1.3909 before resuming the sell-off. Moving swiftly toward objective i.e. 1.3909 or slightly more. Nice. My sell order at 1.3896 hit. Now we wait for the turn lower. Caution is required though. The rise appears strong. I have a short trade on with a S/L at 1.3966. 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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mnandii wrote:Anybody with idea on VIPortal.co.ke? The guys seem crazy. NTV INTERVIEWConventional 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: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA
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mnandii wrote:mnandii wrote:Anybody with idea on VIPortal.co.ke? The guys seem crazy. NTV INTERVIEW These guys have snaking ques to their offices in Limuru
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Rank: New-farer Joined: 11/15/2013 Posts: 34
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The Merchant wrote:mnandii wrote:mnandii wrote:Anybody with idea on VIPortal.co.ke? The guys seem crazy. NTV INTERVIEW These guys have snaking ques to their offices in Limuru Watch as guys flush their hard earned cash down the toilet. You can never guarantee fixed returns in a financial market of such proportions unless you are a bond trader. They risk 30 pips for 2pip gain. *Grabs some popcorn* http://www.observer.ug/i...amp;catid=38%3Abusiness
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Chinese Developer Bonds Sink in Secondary Trade Amid Collapse - http://bloom.bg/1gCpmNq
Quote:Some 66 percent of new Chinese developer dollar-denominated bonds sold this year are trading below their issue price amid the collapse of a private real estate company and news the housing market is cooling. As the yuan keeps taking it in the chin. Hope I don't run out of popcorn when the major fireworks explode... $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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mnunuzi wrote:The Merchant wrote:mnandii wrote:mnandii wrote:Anybody with idea on VIPortal.co.ke? The guys seem crazy. NTV INTERVIEW These guys have snaking ques to their offices in Limuru Watch as guys flush their hard earned cash down the toilet. You can never guarantee fixed returns in a financial market of such proportions unless you are a bond trader. They risk 30 pips for 2pip gain. *Grabs some popcorn* http://www.observer.ug/i...amp;catid=38%3Abusiness
Anybody checked their funding bank? BANK BPH SA? Anyone speak Polski? I don't like this one...$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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Today CNY has tested 6.20 level in Asia session. Waiting for FOMC and I hope that it sparks an equities rally for another shot at all time highs for nice selling windows... Meanwhile copper continues to take it in the chin.  $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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mnandii wrote:mnandii wrote:mnandii wrote:mnandii wrote:mnandii wrote:EURUSD:
After hitting 1.3845 low, first wave down, expect a small correction to about 1.3909 before resuming the sell-off. Moving swiftly toward objective i.e. 1.3909 or slightly more. Nice. My sell order at 1.3896 hit. Now we wait for the turn lower. Caution is required though. The rise appears strong. I have a short trade on with a S/L at 1.3966. Working out nicely so far. S/L lowered to 1.3953 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: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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Good timing @mnandii. You might as well hit 100pips by 8pm GMT. @SufficientlyP
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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FOMC does the opposite. Still holding my yen short i.e. GBPJPY and the picture hasn't changed on my yen bullish view. Also liking the USD strength as it forces gold prices down. The USD strength will also keep squeezing the yuan. The defaults won't be funny... $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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Sufficiently Philanga....thropic wrote:Good timing @mnandii. You might as well hit 100pips by 8pm GMT. It was a nice one. Thanks. Am out with 90 pips. Looking for opportunity to re-enter. 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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After the 1.3809 low, I anticipate a retest to 1.3857 (or 1.3865, the extreme of a small 4th wave) before another dash to below 1.3809. 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: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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mnandii wrote:Sufficiently Philanga....thropic wrote:Good timing @mnandii. You might as well hit 100pips by 8pm GMT. It was a nice one. Thanks. Am out with 90 pips. Looking for opportunity to re-enter. Wow!I'd advice you stay out of the market today, and maybe even tomorrow as you watch the bulls try to reclaim lost ground. it will also help you protect your hard earned pips @SufficientlyP
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