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Realities of Forex Investment
Othelo
#2661 Posted : Wednesday, June 04, 2014 10:55:53 AM
Rank: User


Joined: 1/20/2014
Posts: 3,528
hisah wrote:
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.

@all thought it was meant to be a joke on his part that became distasteful. Forgive and forget. some of us value your contributions very much! How each uses it is up to him/her!

My simple take on this matter!
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
mnandii
#2662 Posted : Saturday, June 07, 2014 7:36:24 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
The past week has been challenging. I'll however state my view on what I expect Elliott wave-wise in the week from 9th June.

For 'why' the EUR$ dropped and rose check:
EWI on EUR$

I see that EUR$ is in corrective mode. I expect the pair to drop to about 1.3576 or 1.3547 then turn higher.

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
#2663 Posted : Saturday, June 07, 2014 7:52:38 AM
Rank: Elder


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


The impulsive wave has adhered nicely to its channel. I'll be looking to go long with a SL at 102.11 (i.e wave iv low). I expect the maximum for the bull move to be between 103.31 and 103.51. If so the pair should then drop sharply.
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
#2664 Posted : Saturday, June 07, 2014 8:02:15 AM
Rank: Elder


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


I expected an immediate fall in the pair to below 1.6692. That did not turn out. Sad Sorry.

Given the wave structure now, the pair should now do the dropping.

NB: Should the pair rise to 1.6856 (the wave 1 low), then our wave count will require a re-assessment.


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.
whiteowl
#2665 Posted : Saturday, June 07, 2014 11:21:08 AM
Rank: Veteran


Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
I hope Eurobond & any other bonds float soon so that I get a window to load some $ & €. Didn't buy $ @85 and now it looks like it's headed to 100s. Serikal saidia!
whiteowl
#2666 Posted : Sunday, June 08, 2014 5:46:08 PM
Rank: Veteran


Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
[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]

you should get better ways to promo your fb page but heck even this is working great so far.lots of responses
mnandii
#2667 Posted : Wednesday, June 11, 2014 7:29:48 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
$JPY appears to have completed a triangle. It should rally now. 102.21 is key and if broken downwards may negate the triangle 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.
mnandii
#2668 Posted : Wednesday, June 11, 2014 7:33:38 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
EUR$ is likely going below 1.3502 before turning higher. Watching ...
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
#2669 Posted : Wednesday, June 11, 2014 4:33:46 PM
Rank: Elder


Joined: 11/7/2007
Posts: 2,182
mnandii wrote:
$JPY appears to have completed a triangle. It should rally now. 102.21 is key and if broken downwards may negate the triangle scenario.

101.90
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
mnandii
#2670 Posted : Monday, June 16, 2014 7:13:41 AM
Rank: Elder


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

Gold rising nicely. But I expect more upside. Currently at 1281.
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
#2671 Posted : Monday, June 16, 2014 7:15:52 AM
Rank: Elder


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


EUR$ shld move up strongly. I am wrong if 1.3510 low is penetrated.
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
#2672 Posted : Monday, June 16, 2014 7:20:59 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
kyt wrote:
mnandii wrote:
$JPY appears to have completed a triangle. It should rally now. 102.21 is key and if broken downwards may negate the triangle scenario.

101.90


Yes @kyt. I was wrong.
Below is the alternative scenario.



I expect moves above 102.79.
Again I am wrong if 101.63 low is penetrated.
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
#2673 Posted : Monday, June 16, 2014 7:22:40 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
kyt wrote:
mnandii wrote:
$JPY appears to have completed a triangle. It should rally now. 102.21 is key and if broken downwards may negate the triangle scenario.

101.90


Yes @kyt. I was wrong.
Below is the alternative scenario.



I expect moves above 102.79.
Again I am wrong if 101.63 low is penetrated.
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
#2674 Posted : Monday, June 16, 2014 7:28:33 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
GBP$ appears ready to fall. Targets 1.6896 -1.6873
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
#2675 Posted : Monday, June 16, 2014 7:43:49 AM
Rank: Elder


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


How the Elliott Wave Principle Can Boost Your Forex Success -- The Wave Principle's rules and guidelines provide the context that helps traders identify the trend on any time frame, find high-confidence trade targets and spot all-important points of ruin that tell you when you're wrong.
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
#2676 Posted : Monday, June 16, 2014 10:58:13 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Has anyone noticed the ascending breakout on the oil charts (crude and brent)?

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Ceinz
#2677 Posted : Monday, June 16, 2014 11:37:45 AM
Rank: Veteran


Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
hisah wrote:
Has anyone noticed the ascending breakout on the oil charts (crude and brent)?



Noticed.

Looks like the ongoing tensions in middle east/ Iran has crossed over to oil and other commoditities- rallies also seem to be imminent in gold and silver.
“small step for man”
nwalle
#2678 Posted : Monday, June 16, 2014 11:45:46 AM
Rank: Hello


Joined: 6/16/2014
Posts: 2
Location: utopia
Hi guys,is a $1,000 account practical enough to kick-start a live trading acc?
TNT
#2679 Posted : Monday, June 16, 2014 12:04:24 PM
Rank: Member


Joined: 5/22/2009
Posts: 206
nwalle wrote:
Hi guys,is a $1,000 account practical enough to kick-start a live trading acc?


They say FX trading is 90% psychology/emotions and you'll soon realize that, when real money is on the line, traders generally tend to make irrational decisions. Therefore, if you are a new trader, I suggest you find a broker who can offer you high leverage and break down your $1,000 into smaller amounts, $100, for example. Chances are you'll lose most of your initial investment while starting out, but if you're sharp and able to learn hard lessons fast, the small losses will be totally worth it -- consider them your school/internship fees. On the other hand, if you do not master the basics first (money management, risk/reward ratio, emotions et cetera) by losing small amounts first, you're likely to blow that $1,000 sooner rather than later.
Ceinz
#2680 Posted : Monday, June 16, 2014 12:05:57 PM
Rank: Veteran


Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
nwalle wrote:
Hi guys,is a $1,000 account practical enough to kick-start a live trading acc?


That is a lot.

I suggest u start with $250. Be very selective/ frugal and take only sure trades. Once you've grown the account to $500. Withdraw $250 and continue trading risk free.
“small step for man”
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