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Realities of Forex Investment
mnandii
#2641 Posted : Thursday, May 29, 2014 2:06:44 PM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
TNT wrote:
@mnandii: What are your thoughts on a AU long this morning? Planning to exit the trade by the end of the day, depending on price action.


Hi. Unfortunately at present am only analysing the three pairs (EUR$, GBP$ and $JPY). Takes alotta concentration smile

But what I expect is that basically ALL currency pairs and commodities should trend one way or the other.
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.
TNT
#2642 Posted : Thursday, May 29, 2014 3:10:32 PM
Rank: Member


Joined: 5/22/2009
Posts: 206
mnandii wrote:
TNT wrote:
@mnandii: What are your thoughts on a AU long this morning? Planning to exit the trade by the end of the day, depending on price action.


Hi. Unfortunately at present am only analysing the three pairs (EUR$, GBP$ and $JPY). Takes alotta concentration smile

But what I expect is that basically ALL currency pairs and commodities should trend one way or the other.

Got in at 0.92804 and so far I'm up +10 pips, went as high as +20 pips soon after London open but I was aiming for at least +60 pips. I'm thinking of scalping it now since it appears to have hit a speed bump.
mnandii
#2643 Posted : Friday, May 30, 2014 8:53:10 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
TNT wrote:
mnandii wrote:
TNT wrote:
@mnandii: What are your thoughts on a AU long this morning? Planning to exit the trade by the end of the day, depending on price action.


Hi. Unfortunately at present am only analysing the three pairs (EUR$, GBP$ and $JPY). Takes alotta concentration smile

But what I expect is that basically ALL currency pairs and commodities should trend one way or the other.

Got in at 0.92804 and so far I'm up +10 pips, went as high as +20 pips soon after London open but I was aiming for at least +60 pips. I'm thinking of scalping it now since it appears to have hit a speed bump.

Ok.

Me am looking at GBP$ which I expect to rise slightly but not reach 1.6783. Then another good fall.

EUR$ is also poised for a nice fall. Also:

Quote:
EWI Forex Insider @FX_ElliottWave · 11h
Here it is: That important point where the wave count says, "Look out below!" A 3d-of-3rd-of-3rd drop is fast approaching in $EURUSD.


$JPY too.
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.
mnandii
#2644 Posted : Friday, May 30, 2014 9:00:31 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
Gold should rise to 1330s soon before a breathtaking fall.
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.
kyt
#2645 Posted : Friday, May 30, 2014 11:25:41 AM
Rank: Elder


Joined: 11/7/2007
Posts: 2,182
mnandii wrote:
Gold should rise to 1330s soon before a breathtaking fall.

why do you say so @mnadii
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
mnandii
#2646 Posted : Friday, May 30, 2014 1:11:19 PM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
kyt wrote:
mnandii wrote:
Gold should rise to 1330s soon before a breathtaking fall.

why do you say so @mnadii

Gold has been forming a triangle which should end with a rise to the 1330s level.
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.
hisah
#2647 Posted : Friday, May 30, 2014 2:57:33 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
mnandii wrote:
kyt wrote:
mnandii wrote:
Gold should rise to 1330s soon before a breathtaking fall.

why do you say so @mnadii

Gold has been forming a triangle which should end with a rise to the 1330s level.

Highly likely. The low at 1180 will be tested as well as 1080 if it overshoots. By then SPX will likely be above 2200. But for how long these overextend global equities rally will maintain this streak only God knows. The scaled height is out of sync with global fundies...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
mnandii
#2648 Posted : Friday, May 30, 2014 5:00:40 PM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
Very beautiful opportunities to short EUR$, GBP$ and $JPY right 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.
mnandii
#2649 Posted : Friday, May 30, 2014 5:01:52 PM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
hisah wrote:
mnandii wrote:
kyt wrote:
mnandii wrote:
Gold should rise to 1330s soon before a breathtaking fall.

why do you say so @mnadii

Gold has been forming a triangle which should end with a rise to the 1330s level.

Highly likely. The low at 1180 will be tested as well as 1080 if it overshoots. By then SPX will likely be above 2200. But for how long these overextend global equities rally will maintain this streak only God knows. The scaled height is out of sync with global fundies...

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.
kuxx
#2650 Posted : Friday, May 30, 2014 7:52:44 PM
Rank: Member


Joined: 1/8/2007
Posts: 1
Hello. How can one set up an account with a P.O. Box address. All brokers seem to want residential addresses and proof??
TNT
#2651 Posted : Friday, May 30, 2014 9:15:15 PM
Rank: Member


Joined: 5/22/2009
Posts: 206
mnandii wrote:
Very beautiful opportunities to short EUR$, GBP$ and $JPY right now!


Are you referring to long counter trades?
hisah
#2652 Posted : Monday, June 02, 2014 6:57:30 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
US 5yr & 10yr yield charts are hinting higher highs coming up. USD strength expected going forward in coming months.

I'll play this via long $ZAR expecting 12 levels to be tested from here 10.56 - long term to run a few months. RSA econ fundies are fading badly, but JSE continues to ignore (its on my shorting list).

If the usd yield do spike up, shorting the $ will be a bad idea unless the Fed resumes QE.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
mnandii
#2653 Posted : Monday, June 02, 2014 8:05:35 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
hisah wrote:
US 5yr & 10yr yield charts are hinting higher highs coming up. USD strength expected going forward in coming months.


Agreed. Interesting times coming ahead.
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.
mnandii
#2654 Posted : Monday, June 02, 2014 8:08:29 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
TNT wrote:
mnandii wrote:
Very beautiful opportunities to short EUR$, GBP$ and $JPY right now!


Are you referring to long counter trades?

I expect the pairs to fall. For $JPY 102.17 is key. The up move should reverse there. If it doesn't it will be time to consider a different wave scenario.
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.
alma
#2655 Posted : Tuesday, June 03, 2014 7:52:48 PM
Rank: Elder


Joined: 7/20/2007
Posts: 4,432
I think you guys here just post to pretend that you do forex trading.

The best forex traders are here.

You guys are just upus.




https://www.facebook.com...php?fbid=653656181395647
Jose: If I make it through this thug life, I'll see you one day. The Lord is the only way to stop the hurt.
murchr
#2656 Posted : Tuesday, June 03, 2014 8:20:14 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
alma wrote:
I think you guys here just post to pretend that you do forex trading.

The best forex traders are here.

You guys are just upus.




https://www.facebook.com...hp?fbid=653656181395647


And you happen to know them? Go back to doing what you do best
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
alma
#2657 Posted : Tuesday, June 03, 2014 8:25:47 PM
Rank: Elder


Joined: 7/20/2007
Posts: 4,432
murchr wrote:
alma wrote:
I think you guys here just post to pretend that you do forex trading.

The best forex traders are here.

You guys are just upus.




https://www.facebook.com...hp?fbid=653656181395647


And you happen to know them? Go back to doing what you do best


murchr nini inakuwasha. I'm just comparing what you guys do here to what those guys are doing. Laughing out loudly Laughing out loudly apana lia sana coz you don't know. Accept and move on.
Jose: If I make it through this thug life, I'll see you one day. The Lord is the only way to stop the hurt.
murchr
#2658 Posted : Wednesday, June 04, 2014 3:06:35 AM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
alma wrote:
murchr wrote:
alma wrote:
I think you guys here just post to pretend that you do forex trading.

The best forex traders are here.

You guys are just upus.




https://www.facebook.com...hp?fbid=653656181395647


And you happen to know them? Go back to doing what you do best


murchr nini inakuwasha. I'm just comparing what you guys do here to what those guys are doing. Laughing out loudly Laughing out loudly apana lia sana coz you don't know. Accept and move on.


Am sure you dont see what these guys in wazua do so why judge them? Stick your nose in familiar business...wachana na watu. Do you even understand what is going on here? BK!
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Sufficiently Philanga....thropic
#2659 Posted : Wednesday, June 04, 2014 9:50:42 AM
Rank: Elder


Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
[quote=alma]I think you guys here just post to pretend that you do forex trading.

The best forex traders are here.

You guys are just upus.




https://www.facebook.com...hp?fbid=653656181395647[/quote]

Totally unacceptable and against the wazua spirit here in the Investor section.So club sk and belongs there. Admin kindly restrain and delete such character's comments in future in this section!
@SufficientlyP
hisah
#2660 Posted : Wednesday, June 04, 2014 10:10:35 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Sufficiently Philanga....thropic wrote:
alma wrote:
I think you guys here just post to pretend that you do forex trading.

The best forex traders are here.

You guys are just upus.




https://www.facebook.com...hp?fbid=653656181395647


Totally unacceptable and against the wazua spirit here in the Investor section.So club sk and belongs there. Admin kindly restrain and delete such character's comments in future in this section!

@philanga - stop wasting ur energy. Everyone has a right to state their opinion no matter how distasteful.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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