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Realities of Forex Investment
TNT
#2781 Posted : Thursday, July 24, 2014 10:41:54 PM
Rank: Member


Joined: 5/22/2009
Posts: 206
hisah wrote:
Getting long on AUDUSD now @0.9419 TP @.9430 on lot size 2.0

I'm already short from .9452 but for a fast trade a long here from oversold levels for some quick pips.


It's likely to go much higher than 0.9430. In fact, it is likely to go beyond 0.9477 (47+ pips from your TP), but before it starts on an upward trajectory, it may drop to the 0.93852 during the Asian Session. Overall, I think it will be bullish. My TP is @0.9500, but I am open to the fact that it may not happen this week given that it is about 83 pips away from the current price. So far, I'm +26 pips on the trade, but was 50+ pips at one point during the London Session.
Sufficiently Philanga....thropic
#2782 Posted : Thursday, July 24, 2014 10:44:26 PM
Rank: Elder


Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
hisah wrote:
Getting long on AUDUSD now @0.9419 TP @.9430 on lot size 2.0

I'm already short from .9452 but for a fast trade a long here from oversold levels for some quick pips.


Must be tough being bullish in a bearish trend. Hope you close it before week close. Next week will be tricky with sentiment continuing to favor the bears as Fed decides on interest rate and pace of treasury purchase on Wednesday then there is the non farm payrolls on Friday.Good thing you're also bearish so risk is minimal.
@SufficientlyP
hisah
#2783 Posted : Friday, July 25, 2014 6:23:34 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Sufficiently Philanga....thropic wrote:
hisah wrote:
Getting long on AUDUSD now @0.9419 TP @.9430 on lot size 2.0

I'm already short from .9452 but for a fast trade a long here from oversold levels for some quick pips.


Must be tough being bullish in a bearish trend. Hope you close it before week close. Next week will be tricky with sentiment continuing to favor the bears as Fed decides on interest rate and pace of treasury purchase on Wednesday then there is the non farm payrolls on Friday.Good thing you're also bearish so risk is minimal.

Fast trade takes an hr or two. Already out of it. The idea was to play the NY session bounce from the oversold levels. The larger trade is the short @.9452

Today scoping silver. Shorts favoured in london and ny sessions.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
TNT
#2784 Posted : Friday, July 25, 2014 9:22:42 AM
Rank: Member


Joined: 5/22/2009
Posts: 206
hisah wrote:
Sufficiently Philanga....thropic wrote:
hisah wrote:
Getting long on AUDUSD now @0.9419 TP @.9430 on lot size 2.0

I'm already short from .9452 but for a fast trade a long here from oversold levels for some quick pips.


Must be tough being bullish in a bearish trend. Hope you close it before week close. Next week will be tricky with sentiment continuing to favor the bears as Fed decides on interest rate and pace of treasury purchase on Wednesday then there is the non farm payrolls on Friday.Good thing you're also bearish so risk is minimal.

Fast trade takes an hr or two. Already out of it. The idea was to play the NY session bounce from the oversold levels. The larger trade is the short @.9452

Today scoping silver. Shorts favoured in london and ny sessions.


Bulls are likely to take out the 0.9452 levels during today's sessions. Unless you have a very wide S/L for your short trade, you might be in trouble.


alutacontinua
#2785 Posted : Friday, July 25, 2014 1:26:25 PM
Rank: Member


Joined: 3/23/2011
Posts: 304
@TNT there are mentioned bids @0.94 which seem to be keeping AUDUSD afloat. Currently waiting on Durable Goods orders which could see us head up back to 0.945x levels if not then stops @0.9375 could be a possible target.
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
hisah
#2786 Posted : Friday, July 25, 2014 3:38:26 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
hisah wrote:
Getting long on AUDUSD now @0.9419 TP @.9430 on lot size 2.0

I'm already short from .9452 but for a fast trade a long here from oversold levels for some quick pips.

Pips booked on the short trade @.9405.

@TNT - yes .94 has bids defending that zone.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
TNT
#2787 Posted : Saturday, July 26, 2014 11:30:44 AM
Rank: Member


Joined: 5/22/2009
Posts: 206


@hisha: Seems your short trade was right on the money with this one. In fact, I'll cancel my long trade as soon as the market opens early Monday because this pair is likely to drop to the 0.92730 level before starting an up trend - see attached image.
Sufficiently Philanga....thropic
#2788 Posted : Monday, July 28, 2014 9:41:02 AM
Rank: Elder


Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
@TNT,the trend is your friend!
@SufficientlyP
Sufficiently Philanga....thropic
#2789 Posted : Monday, July 28, 2014 9:50:31 AM
Rank: Elder


Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
hisah wrote:
hisah wrote:
Getting long on AUDUSD now @0.9419 TP @.9430 on lot size 2.0

I'm already short from .9452 but for a fast trade a long here from oversold levels for some quick pips.

Pips booked on the short trade @.9405.

@TNT - yes .94 has bids defending that zone.

Congrats Sir Hisah. And the pair is still bleeding,still bearish.Broken the .9400 barrier.
@SufficientlyP
Internet
#2790 Posted : Monday, July 28, 2014 10:02:45 AM
Rank: New-farer


Joined: 12/16/2009
Posts: 33
Made quick pips on shorting GBP/CHF at 1.5366
hisah
#2791 Posted : Monday, July 28, 2014 11:05:37 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
EURUSD oversold in the Daily and 4hr timeframes.

Got long at market @1.3426 with lot size 1.

If it tests a low of 1.34 to 1.3380 I'll initiate another long with a larger lot size.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
alutacontinua
#2792 Posted : Monday, July 28, 2014 11:21:07 AM
Rank: Member


Joined: 3/23/2011
Posts: 304
AUD$ had mentioned offers from a few macros late NY Session on Friday @0.9420 and now looks to test 0.9375 as i had previously mentioned. There is talk on Eikon of options worth 251M @0.9350 expiring NY cut on Thursday.

Noted the following this morning:
Offers @101.95/102 on $JPY,
Bids @0.8539 on NZD$
Possible selling pressure @1.0830(200dma) on USDCAD

All the best this week.

@Internet well in on the trade. Dont usually trade that cross due to the large spread and wild swings
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
Internet
#2793 Posted : Monday, July 28, 2014 11:35:43 AM
Rank: New-farer


Joined: 12/16/2009
Posts: 33
alutacontinua wrote:
AUD$ had mentioned offers from a few macros late NY Session on Friday @0.9420 and now looks to test 0.9375 as i had previously mentioned. There is talk on Eikon of options worth 251M @0.9350 expiring NY cut on Thursday.

Noted the following this morning:
Offers @101.95/102 on $JPY,
Bids @0.8539 on NZD$
Possible selling pressure @1.0830(200dma) on USDCAD

All the best this week.

@Internet well in on the trade. Dont usually trade that cross due to the large spread and wild swings


I follow autochartist.com and the trend was to short. I also do not trade much in that cross.
hisah
#2794 Posted : Monday, July 28, 2014 5:04:37 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Interesting yen futures setup on the weeklies. The yen has not been able to float above the 50 SMA since Feb 2012. The selling caused by abenomics yen flooding to boost the jap econ has now run its course. Price is now flirting with the 50 SMA in a sideways market with a series of higher lows since Jan 2014. Price is now forming an ascending triangle which needs a strong breakout above the 50 SMA and close above that SMA to confirm the low is basing out. Longs favoured on that setup confirmation. An expensive yen is coming soon and it'll rip off the GBP, CHF and EUR the most.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
mnandii
#2795 Posted : Tuesday, July 29, 2014 1:03:43 PM
Rank: Elder


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


EUR$
Ready to drop for about 60 pips.
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
#2796 Posted : Tuesday, July 29, 2014 1:25:20 PM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
Gold should drop to about 1290s before resuming the uptrend
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
#2797 Posted : Tuesday, July 29, 2014 6:34:40 PM
Rank: Elder


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


EUR$
Ready to drop for about 60 pips.

The down move is about over at 1.3408. I expect a strong rebound 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.
alutacontinua
#2798 Posted : Tuesday, July 29, 2014 9:21:35 PM
Rank: Member


Joined: 3/23/2011
Posts: 304
Huge barrier option @1.34 on EUR$ with a number of noted bids @1.3405
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
mnandii
#2799 Posted : Wednesday, July 30, 2014 7:02:36 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
alutacontinua wrote:
Huge barrier option @1.34 on EUR$ with a number of noted bids @1.3405

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
#2800 Posted : Wednesday, July 30, 2014 7:06:21 AM
Rank: Elder


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


I expect gold to turn bullish at 1292 and move strongly upward.
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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