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Realities of Forex Investment
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mnandii
#2601 Posted : Friday, May 02, 2014 8:25:39 AM
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Joined: 10/11/2006
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EUR$ appears to be forming a leading diagonal from the 1.3889 top
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
#2602 Posted : Friday, May 02, 2014 11:18:47 AM
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Elliott wave patterns can help you understand the price trend of gold


Gold price topped in 2011 ( as predicted by EWI two months before the final top. ).
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
#2603 Posted : Friday, May 02, 2014 12:24:26 PM
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Looking for long entry on GBPAUD for the month.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mnandii
#2604 Posted : Friday, May 02, 2014 12:27:49 PM
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The leading diagonal shld be over. Correction expected in 3 waves below 1.3889.
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
#2605 Posted : Friday, May 02, 2014 4:50:39 PM
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Isn't that just beautiful? smile

EUR$ should be in a wave 3 now.
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
#2606 Posted : Friday, May 02, 2014 4:55:35 PM
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More lows on EUR$ expected.
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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poundfoolish
#2607 Posted : Friday, May 02, 2014 5:13:00 PM
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Location: Nairobi
Mnandii

Can you break it down to me as a 5year old.
What is the relationship between the graphs and the KES.?
Should I continue holding on to dollars, if so till when? or should I continue with life as normal? Convert to shillings and continue business?

From your excitement there seems some foreseeable stroke of luck with the exchange rate
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mnandii
#2608 Posted : Friday, May 02, 2014 7:34:20 PM
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The chart has required updating. Wave [2] now takes the form of a combination with a triangle forming lately. Bearish potential still remains
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
#2609 Posted : Friday, May 02, 2014 7:49:37 PM
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poundfoolish wrote:
Mnandii

Can you break it down to me as a 5year old.
What is the relationship between the graphs and the KES.?
Should I continue holding on to dollars, if so till when? or should I continue with life as normal? Convert to shillings and continue business?

From your excitement there seems some foreseeable stroke of luck with the exchange rate


Hi. I have tended to apply my analysis primarily on EURUSD, NSE 20 INDEX, SAFCOM and KENYA-RE shares. These are the ones I am tracking full time and trading mostly the EUR$.

As far as I am concerned there is no immediate relationship with the KES. I'd have to analyse a chart of USDKES to try to predict the direction of the Kenyan shilling.

From a chart of USDKES that I glanced at my bias is for the shilling to gain vs the USD.

I think you should hold onto Dollars ( especially if they are the physical notes). This is because it is predicted(based on Elliott Waves) for the dollar to rise in value and the stock market to fall precipitously.

I hope I have helped. smile
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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Sufficiently Philanga....thropic
#2610 Posted : Friday, May 02, 2014 8:18:01 PM
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Joined: 9/23/2010
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NFPs positive figure of 288k new jobs vs 192k in March and against a consensus of 210 will add impetus to a further weakening of the EUR$ pair from its March 3966 high. I'm positioning for a short once the dust settles. Aiming to bail at 3600 or thereabouts, about 250 or so pips.
@SufficientlyP
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mnandii
#2611 Posted : Saturday, May 03, 2014 6:08:13 AM
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Sufficiently Philanga....thropic wrote:
NFPs positive figure of 288k new jobs vs 192k in March and against a consensus of 210 will add impetus to a further weakening of the EUR$ pair from its March 3966 high. I'm positioning for a short once the dust settles. Aiming to bail at 3600 or thereabouts, about 250 or so pips.


Agreed. EUR$ sure looks to a big fall coming week.
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
#2612 Posted : Monday, May 05, 2014 5:08:45 AM
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EUR$ shld drop to about 1.3833 to complete wave (D) of the triangle, then bounce up.
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
#2613 Posted : Tuesday, May 06, 2014 12:44:23 PM
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Update:
EUR$
Happy 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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mnandii
#2614 Posted : Thursday, May 08, 2014 6:50:56 PM
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EUR$

Following closely. We shld be having our major wave down to signal the downtrend.

GBPJY is also headed down. 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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mnandii
#2615 Posted : Monday, May 12, 2014 6:22:45 AM
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GBPJPY shld be heading up above 173.45. The move down appears to be a zigzag combination.
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
#2616 Posted : Monday, May 12, 2014 7:32:28 AM
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GBPJPY shld stay above 171.21 for our above interpretation to be valid. Gudday 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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young124
#2617 Posted : Wednesday, May 14, 2014 10:38:49 PM
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Joined: 5/14/2014
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My opinion is that people over rely on indicators. Most of the time one indicator tells you one thing while the other says something else. Instead i would advice you to observe the candles since they each tell you the mindset of the current market. I have been trading forex for the past 2 years. I hope to meet more like minded people in this country.
Visit www.campusviber.com. Kenyas new social network for forex traders. Share knowledge,tips and advice.
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mnandii
#2618 Posted : Thursday, May 15, 2014 10:11:25 PM
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We now have a FLAT wave (w). EUR$ shld form either a Triangle or Zigzag for wave (x).
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
#2619 Posted : Tuesday, May 20, 2014 6:16:42 AM
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1 HR


My preferred count on EUR$. I expect the pair to drop some more, possibly below 1.3647 level. Happy trading.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#2620 Posted : Tuesday, May 20, 2014 7:40:16 AM
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Caution:
There is a second scenario to the above (without changing the labelling). Wave (c) might not be complete. In this case we expect EUR$ to fall to 1.3699 level then move up strongly . This scenario will be rendered irrelevant IF EUR$ moves below 1.3690. Gudday.
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