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Realities of Forex Investment
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mnandii
#2571 Posted : Monday, April 21, 2014 6:55:58 PM
Rank: Elder

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

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

Joined: 10/11/2006
Posts: 2,304
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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  | | Edit by user: Tuesday, April 22, 2014 11:21 AM | Reason: Not specified
mnandii
#2575 Posted : Tuesday, April 22, 2014 12:44:54 PM
Rank: Elder

Joined: 10/11/2006
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.
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
#2576 Posted : Wednesday, April 23, 2014 11:10:26 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
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
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
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.
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
#2578 Posted : Wednesday, April 23, 2014 11:49:36 AM
Rank: Elder

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

My preferred count. I still favour a move to 1.3880s before EURUSD falls.
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
#2579 Posted : Wednesday, April 23, 2014 11:53:06 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
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!
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
#2580 Posted : Wednesday, April 23, 2014 1:19:20 PM
Rank: Elder

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.
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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