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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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hisah wrote:Sufficiently Philanga....thropic wrote:mnandii wrote:Will be going short EUR$ and GBP$ after completion of corrections. Word. USD still in charge! Just checked the CHF futures. With EURUSD being inverse to USDCHF moves I expect the Euro$ to continue selling off. The futures show the bet is against the CHF... And what a sell off after the correction to 1.3295. Was a Great week for EUR$ bears and USD longs! @SufficientlyP
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Rank: New-farer Joined: 5/11/2011 Posts: 48
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Sufficiently Philanga....thropic wrote:hisah wrote:Sufficiently Philanga....thropic wrote:mnandii wrote:Will be going short EUR$ and GBP$ after completion of corrections. Word. USD still in charge! Just checked the CHF futures. With EURUSD being inverse to USDCHF moves I expect the Euro$ to continue selling off. The futures show the bet is against the CHF... And what a sell off after the correction to 1.3295. Was a Great week for EUR$ bears and USD longs! Wah! the day I understand what you guyz talk about in this column...i think I will grow very rich!
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Rank: Member Joined: 5/22/2009 Posts: 206
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USDJPY appears ready for a fall. S/L at 104.398 
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Rank: Member Joined: 5/22/2009 Posts: 206
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GBPUSD, Daily Chart. Most likely bullish this week. 
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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 Get ready. GBPJPY is going to fall off the sky soon. 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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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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mnandii wrote:Get ready. GBPJPY is going to fall off the sky soon. Can one target 1000 pips in forex? That's what I want to do next week starting with GBPJPY. 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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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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GBPJPY Shorted at 172.88 SL:174.20 TP:Open 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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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mnandii wrote:GBPJPY Shorted at 172.88 SL:174.20 TP:Open The best way to target a big figure is to add positions as the trend expands. Works well with non volatile pairs like CHF, NZD and at times AUD. But caution with the beast aka gebby, the one you're trading. Very wild/volatile pair. As fast as it multiplies pips so does it cut both ways (profit or loss). Take what you can from gebby. But at times it falls and rallies without wild swings.
A quick scan hints that GBP$ will likely test 1.6050 this month if 1.6450 breaks down.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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hisah wrote:mnandii wrote:GBPJPY Shorted at 172.88 SL:174.20 TP:Open The best way to target a big figure is to add positions as the trend expands. Works well with non volatile pairs like CHF, NZD and at times AUD. But caution with the beast aka gebby, the one you're trading. Very wild/volatile pair. As fast as it multiplies pips so does it cut both ways (profit or loss). Take what you can from gebby. But at times it falls and rallies without wild swings.
A quick scan hints that GBP$ will likely test 1.6050 this month if 1.6450 breaks down.
Gebby is volatile. True. Is why I had to put such a large SL. GBP$ also looks set for a big fall. I also have a short on it with a SL at 1.6673. Now I watch. Gold may rally but am still working the wave counts. 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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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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 GBP$ 4 HR 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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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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mnandii wrote:GBP$ 4 HR 1.6674 is key and should not be broken upward. If that happens a re-look will be necessary. 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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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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hisah wrote:
A quick scan hints that GBP$ will likely test 1.6050 this month if 1.6450 breaks down.
i CONCURR below 1.65,we shud target 1.630, 38 fibo & 1.605, 50 fibo “small step for man”
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Rank: Member Joined: 3/23/2011 Posts: 304
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alutacontinua wrote:mnandii wrote:alutacontinua wrote:mnandii wrote:NASDAQ 100 and DOW appear to be topping. The next drop will be epic.  The retest of the 100sma and close above it on Friday last week on YM has bulls recharged add to that the accomodative monetary policy from the FED and QE not ending till later this year we might just be headed for some new highs in coming months. Euro Zone growth issues also has many viewing a possible stimulus package by ECB which as we saw this week was great for equities (Just my 2 cents) OK. Though I don't trade fundamentals.. The chart is everything. @mnandii am also a chartist Been looking at fundis of late though and finding it very interesting as to how a slowdown in growth of china and euro zone has stocks rallying coz everyone is expecting CBs to come in with some QE/stimulus. Now that the housing data has just come in better than expected focus shifts to Yellens speech tomorrow......if she is dovish(as expected) i can bet you there will be a new market high set esp on YM seeing as 17000 has been broken today. (As usual just my 2 cents) With QE not ending until December and the current low interest rate environment the equities bull run looks set to continue. I was hoping that the geopolitical tension in Russia/Ukraine and Iraq would see a possible sell off to these over extended levels/prices but the market is now factoring in possible ECB stimulus despite the decreased growth in the Euro Zone and the soon to be felt effects of Russian sanctions. Super Mario kazi kwako.... You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mnandii wrote:GBPJPY Shorted at 172.88 SL:174.20 TP:Open Joined the short boat @173.32 lot size .50, SL 174.10, TP - 172.90 on 1st position, 2nd position TP is open.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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hisah wrote:mnandii wrote:GBPJPY Shorted at 172.88 SL:174.20 TP:Open Joined the short boat @173.32 lot size .50, SL 174.10, TP - 172.90 on 1st position, 2nd position TP is open. USD¥ has been on a tear taking out buy stops in asia and pulling up the other yen pairs.
Sit tight...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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hisah wrote:hisah wrote:mnandii wrote:GBPJPY Shorted at 172.88 SL:174.20 TP:Open Joined the short boat @173.32 lot size .50, SL 174.10, TP - 172.90 on 1st position, 2nd position TP is open. USD¥ has been on a tear taking out buy stops in asia and pulling up the other yen pairs.
Sit tight... Ulcers central this. RSI on 30Min TF at 87 ATM (104.83) USD turbo @SufficientlyP
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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Sufficiently Philanga....thropic wrote:hisah wrote:hisah wrote:mnandii wrote:GBPJPY Shorted at 172.88 SL:174.20 TP:Open Joined the short boat @173.32 lot size .50, SL 174.10, TP - 172.90 on 1st position, 2nd position TP is open. USD¥ has been on a tear taking out buy stops in asia and pulling up the other yen pairs.
Sit tight... Ulcers central this. RSI on 30Min TF at 87 ATM (104.83) USD turbo USD still king,yen to weaken further same as other currencies vs the dollar. “small step for man”
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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Ceinz wrote:hisah wrote:
A quick scan hints that GBP$ will likely test 1.6050 this month if 1.6450 breaks down.
i CONCURR below 1.65,we shud target 1.630, 38 fibo & 1.605, 50 fibo Short trade triggered, tp1 1.63. “small step for man”
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Rank: Member Joined: 3/23/2011 Posts: 304
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Great call on GBP guys......it continues to underperform throughout the session. Concerns over the growing momentum in the Scottish referendum ‘Yes’ vote campaign look to also be fueling the slide. You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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Rank: Member Joined: 3/23/2011 Posts: 304
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Looks like there is some defence coming in on the 105.00 barrier on $Yen......Looking to go long for a quick 50 pips (TP 105.50) once barrier is broken if ISM data is strong. You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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