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Realities of Forex Investment
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mnandii
#2561 Posted : Wednesday, April 16, 2014 11:18:45 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
mnandii wrote:
mnandii wrote:

Our leading diagonal. The correction should take us back to 1.3884 level to 'kiss' the gap.

Ok. Price should start rising about now (12.20pm).

EurUsd rising albeit slowly. Target still remains 1.3884. The rise from 1.3789 is called an ending diagonal which subdivides 3-3-3-3-3.


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
#2562 Posted : Wednesday, April 16, 2014 11:22:58 AM
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Quote:
In March, Russia annexed Crimea, North and South Korea traded missile shots, Syria continued its civil war, and riots roiled Venezuela. Yet gold declined through most of the month, once again rejecting the notion that the yellow metal is a “crisis hedge.” Over the course of 2013, [the Financial Forecast] dispelled several other myths about the supposedly bullish fundamentals behind gold’s price—everything from central-bank monetary stimulus and bullion purchases to finite supply and strong retail demand....Gold is...regulated by waves of optimism and pessimism, as with all other financial assets.



Gold: Do the Fundamentals say BUY?
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
#2563 Posted : Wednesday, April 16, 2014 2:03:14 PM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
mnandii wrote:
mnandii wrote:
mnandii wrote:

Our leading diagonal. The correction should take us back to 1.3884 level to 'kiss' the gap.

Ok. Price should start rising about now (12.20pm).

EurUsd rising albeit slowly. Target still remains 1.3884. The rise from 1.3789 is called an ending diagonal which subdivides 3-3-3-3-3.



Note that when this up move ends, the next fall in EURUSD is likely to be very sharp. I have a SELL order at 1.3876 and SL at 1.3905. Monitoring the action. Good luck guys.
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
#2564 Posted : Wednesday, April 16, 2014 3:02:58 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
hisah wrote:
mnandii wrote:
hisah wrote:
@mnandii - GBPUSD and EURUSD are playing to the script. I expect FOMC minutes in the next 4hrs to trigger selling. Will trade it in asia session.

Nice.
My EURUSD SELL limit has been hit at 1.3815. FOMC should prove us right and prices should accelerate south. TP at 1.3660. Waiting with baited breath.

GBPUSD working out well from 1.6805. Closed half of the position @1.6775 for some 30pips.

EURUSD not yet triggered. Shorting zone is 1.3880 - 1.3920, that where I'm targeting the short for the weekend.

GBPUSD remaining position stopped out @1.6760 as the pair rallied past 1.68 today. I still expect this pair to slide again as weakness above 1.6760 is still present.

EURUSD - still in the trade. SL revised to breakeven @1.3903
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mnandii
#2565 Posted : Thursday, April 17, 2014 12:30:26 PM
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Joined: 10/11/2006
Posts: 2,304
hisah wrote:
hisah wrote:
mnandii wrote:
hisah wrote:
@mnandii - GBPUSD and EURUSD are playing to the script. I expect FOMC minutes in the next 4hrs to trigger selling. Will trade it in asia session.

Nice.
My EURUSD SELL limit has been hit at 1.3815. FOMC should prove us right and prices should accelerate south. TP at 1.3660. Waiting with baited breath.

GBPUSD working out well from 1.6805. Closed half of the position @1.6775 for some 30pips.

EURUSD not yet triggered. Shorting zone is 1.3880 - 1.3920, that where I'm targeting the short for the weekend.

GBPUSD remaining position stopped out @1.6760 as the pair rallied past 1.68 today. I still expect this pair to slide again as weakness above 1.6760 is still present.

EURUSD - still in the trade. SL revised to breakeven @1.3903

smile
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mnandii
#2566 Posted : Thursday, April 17, 2014 12:32:48 PM
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Joined: 10/11/2006
Posts: 2,304


An 'Expanding Ending Diagonal' is what it is (with waves i, ii, iii, iv and v soon). The next move down in EurUsd Should be 'violent'. Happy pips guys.
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
#2567 Posted : Saturday, April 19, 2014 7:50:54 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304


I hope you are enjoying your Easter. Do find my preferred Elliott Count for the EURUSD. In the coming week, I expect the pair to rise to 1.3843 before continuing with the slide down.Happy weekend.
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
#2568 Posted : Monday, April 21, 2014 8:04:52 AM
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Posts: 2,304


EURUSD moving towards 1.3840s in wave (C) of (2).
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Caramba
#2569 Posted : Monday, April 21, 2014 1:36:30 PM
Rank: Member


Joined: 10/27/2010
Posts: 266
Location: Nairobi
Hello friends. Need some advice on an FX Trading company called VIP Invest. They are offering fantastic returns of 81% of capital invested in 40 days. Sounds like Deci Mark 2 to me.

http://vipshopkenya.word...de-saturdaysinstaforex/
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mnandii
#2570 Posted : Monday, April 21, 2014 6:53:20 PM
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Appears wave (3) down is already under-way.
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
#2571 Posted : Monday, April 21, 2014 6:55:58 PM
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Caramba wrote:
Hello friends. Need some advice on an FX Trading company called VIP Invest. They are offering fantastic returns of 81% of capital invested in 40 days. Sounds like Deci Mark 2 to me.

http://vipshopkenya.word...de-saturdaysinstaforex/

I would recommend you trade for yourself.
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
#2572 Posted : Tuesday, April 22, 2014 8:04:58 AM
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There's a possibility of EURUSD going back to the gap. So beware. I have a sell order at 1.3870 with SL at 1.3905 just in case.
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
#2573 Posted : Tuesday, April 22, 2014 9:48:42 AM
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mnandii wrote:
There's a possibility of EURUSD going back to the gap. So beware. I have a sell order at 1.3870 with SL at 1.3905 just in case.



Target should be 1.3880s. Happy pipping.
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
#2574 Posted : Tuesday, April 22, 2014 11:19:51 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
mnandii wrote:
There's a possibility of EURUSD going back to the gap. So beware. I have a sell order at 1.3870 with SL at 1.3905 just in case.

This short trade is testing my patience. As long as 1.3790 - 1.3770 support zone is not broken my trade will not work out and scope point up towards 1.3950 - 1.4150 on the weeklies. If it retraces above 1.3840 I'll take profit at market.

GBPUSD as long as it remains a float 1.67, bullish trend aims 1.70 on the weeklies.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mnandii
#2575 Posted : Tuesday, April 22, 2014 12:44:54 PM
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Posts: 2,304
hisah wrote:
mnandii wrote:
There's a possibility of EURUSD going back to the gap. So beware. I have a sell order at 1.3870 with SL at 1.3905 just in case.

This short trade is testing my patience. As long as 1.3790 - 1.3770 support zone is not broken my trade will not work out and scope point up towards 1.3950 - 1.4150 on the weeklies. If it retraces above 1.3840 I'll take profit at market.

GBPUSD as long as it remains a float 1.67, bullish trend aims 1.70 on the weeklies.

Phew! The market does test people's patience. No wonder very few do win consistently. Sad

Having said that though, the 1.3905 level is a line in the sand Elliott wave-wise. The count would be thrown into a spin if it's exceeded. So I don't expect a move beyond it.
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hisah
#2576 Posted : Wednesday, April 23, 2014 11:10:26 AM
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EURUSD - going nuts today in london session. Opens and spikes to 1.383x level then gets sold down to 1.379x then makes a round trip back to 1.383x level. Whiplash galore...!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mnandii
#2577 Posted : Wednesday, April 23, 2014 11:43:39 AM
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mnandii wrote:
There's a possibility of EURUSD going back to the gap. So beware. I have a sell order at 1.3870 with SL at 1.3905 just in case.

63 pips profit taken for buy trade from 1.3789 to 1.3852. Sell order still in place.
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mnandii
#2578 Posted : Wednesday, April 23, 2014 11:49:36 AM
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My preferred count. I still favour a move to 1.3880s before EURUSD falls.
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mnandii
#2579 Posted : Wednesday, April 23, 2014 11:53:06 AM
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hisah wrote:
EURUSD - going nuts today in london session. Opens and spikes to 1.383x level then gets sold down to 1.379x then makes a round trip back to 1.383x level. Whiplash galore...!

smile
Fireworks!
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mnandii
#2580 Posted : Wednesday, April 23, 2014 1:19:20 PM
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Joined: 10/11/2006
Posts: 2,304
Pattern could be a double zigzag (w-x-y)



OR
a contracting Ending Diagonal.


Goodluck in your trading.
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