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Realities of Forex Investment
mnandii
#3281 Posted : Monday, October 05, 2015 2:23:47 PM
Rank: Elder


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


Gold is taking on the dropping pattern we anticipated.
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
#3282 Posted : Sunday, October 11, 2015 2:29:20 PM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
The Wave patterns in the Forex market that I follow are surprisingly quite clear. Good people, trade these patterns (they have the best Risk:Reward), make money and send me 1/3 rd of your winnings. 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.
mnandii
#3283 Posted : Sunday, October 11, 2015 2:38:45 PM
Rank: Elder


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



Expecting a strong 1100 pip move to 1.0160s in the course of a month or so. Sell at current levels with a tight SL at 1.1388.
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
#3284 Posted : Sunday, October 11, 2015 2:50:40 PM
Rank: Elder


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



Expecting a 1800 pip drop in the course of a month to 166.00s . Go Short with a SL at 184.85
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
#3285 Posted : Sunday, October 11, 2015 3:00:02 PM
Rank: Elder


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



Expecting at least 600 pip drop in this within a month. Go Short with a tight SL at 0.7365.
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
#3286 Posted : Sunday, October 11, 2015 3:09:44 PM
Rank: Elder


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



Still completing wave 2. Once wave 2 completes I'll advice we go short targeting at least 4000 pips with a SL at 1.5930 being the wave (2) high.
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
#3287 Posted : Sunday, October 11, 2015 3:15:03 PM
Rank: Elder


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



Go short at current levels targeting about 760 pips to 129.30s. SL at 136.96.

This is quite nice because it is thrusting from a triangle.
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.
beesknees
#3288 Posted : Sunday, October 11, 2015 6:49:35 PM
Rank: Hello


Joined: 12/27/2013
Posts: 7
Location: Nairobi
mnandii wrote:
beesknees wrote:
mnandii wrote:


Great analysis, thanks for sharing.

do you have any online resources you would recommend on the Elliott wave theory?

Have you traded USDZAR pair? What's your take on it?


Thanks. You can download the 'Elliott Wave Principle - Key to Market Behaviour' pdf book. Just google and you'll get it.

Also google [Elliott+Wave+Educational+Video+Series]

NB: I don't want to appear to recommend piracy..


Got the study material. Great stuff, thanks.
beesknees
#3289 Posted : Sunday, October 11, 2015 7:54:05 PM
Rank: Hello


Joined: 12/27/2013
Posts: 7
Location: Nairobi
mnandii wrote:
mnandii wrote:


Gold is taking on the dropping pattern we anticipated.


Looking at the 1hr chart, I see gold has gone beyond the 1156 level you talked about in the video therefore making wave 2 longer than wave 1. Here's the link.

https://www.tradingview.com/x/HhCsqd9E/

Is the short trade still on?
mnandii
#3290 Posted : Tuesday, October 13, 2015 5:54:29 PM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
Ok good people. We have about 200 pips in GBPJPY, AUDUSD is about to crash more downward, EURUSD must surely have taken you out (but, as we said, the risk was small).



Here is GBPUSD short Term Chart. Correction for wave 2 continues. However, we can go long presently or at about 1.5166 (if it gets there). The point is, with about a 120 pip risk versus a potential 430 pip profit I say go long! Wave 2 expected to end near [ iv ].

NB: SL at 1.5100
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
#3291 Posted : Tuesday, October 13, 2015 6:13:00 PM
Rank: Elder


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


Go long USDCAD. SL at 1.2900 TP: At least 500 pips but expecting more.
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
#3292 Posted : Tuesday, October 13, 2015 10:50:22 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
mnandii wrote:
EURUSD



Expecting a strong 1100 pip move to 1.0160s in the course of a month or so. Sell at current levels with a tight SL at 1.1388.

Indeed. The weekly is lying to the bulls. Strong selling coming up!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#3293 Posted : Wednesday, October 14, 2015 7:53:56 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Short trade taken in EURUSD at 1.1437. Two positions of lot size 0.5 each. Stop placed at 1.1480. Initial target 1.1350. Short trade taken based on the 15min and hourly chart patterns.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
mnandii
#3294 Posted : Thursday, October 15, 2015 7:53:18 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
hisah wrote:
Short trade taken in EURUSD at 1.1437. Two positions of lot size 0.5 each. Stop placed at 1.1480. Initial target 1.1350. Short trade taken based on the 15min and hourly chart patterns.

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
#3295 Posted : Thursday, October 15, 2015 7:54:54 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
Watch out for AUDUSD, GBPUSD, USDCAD, GBPJPY, EURJPY as per earlier forecast.
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
#3296 Posted : Thursday, October 15, 2015 7:56:52 AM
Rank: Elder


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


Gold is taking on the dropping pattern we anticipated.


Looking at the 1hr chart, I see gold has gone beyond the 1156 level you talked about in the video therefore making wave 2 longer than wave 1. Here's the link.

https://www.tradingview.com/x/HhCsqd9E/

Is the short trade still on?


Nope. The pattern as suggested earlier collapsed. Looking at alternate scenarios though a drop is still likely.
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
#3297 Posted : Thursday, October 15, 2015 8:32:55 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
mnandii wrote:
hisah wrote:
Short trade taken in EURUSD at 1.1437. Two positions of lot size 0.5 each. Stop placed at 1.1480. Initial target 1.1350. Short trade taken based on the 15min and hourly chart patterns.


Stopped out. But still shorts favoured. Will wait for 1.15x level.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
lochaes
#3298 Posted : Thursday, October 15, 2015 8:38:30 AM
Rank: New-farer


Joined: 6/30/2014
Posts: 86
Location: nairobi
hisah wrote:
mnandii wrote:
hisah wrote:
Short trade taken in EURUSD at 1.1437. Two positions of lot size 0.5 each. Stop placed at 1.1480. Initial target 1.1350. Short trade taken based on the 15min and hourly chart patterns.


Stopped out. But still shorts favoured. Will wait for 1.15x level.


forgot to look at the daily chart and the incoming losses will be fatal.


mnandii
#3299 Posted : Thursday, October 15, 2015 12:20:33 PM
Rank: Elder


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



Expecting a 1800 pip drop in the course of a month to 166.00s . Go Short with a SL at 184.85





An Expanding Leading Diagonal in GBPJPY. We expect a drop to slightly below 180.60s making wave [ 1 ] before a wave [ 2 ] correction. So, as waves are fractal in nature, we can Take Profit at 180.60. Wait for wave [ 2 ] to complete then re-enter a short position for an even bigger wave [ 3 ].
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
#3300 Posted : Thursday, October 15, 2015 12:54:38 PM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
My FX Broker, ICMarkets is having network issues Sad

oneZero outages the result of Chinese DDoS attacks – LeapRate Exclusive

Quote:
Continuing our exclusive coverage of the events unfolding at forex solutions provider oneZero, LeapRate has learned that the outages hitting oneZero and thereby some of its hosted clients over the past week are the result of distributed denial-of-service (DDoS) attacks being made against the company.
After engaging multiple security contractors, the company has isolated the attacks and has determined that they originate out of China.
A distributed denial-of-service (DDoS) attack is an attempt to make a machine or network resource unavailable to its intended users. It is the result of multiple compromised systems (for example a botnet) flooding the targeted system – usually one or more web servers – with traffic. The most serious attacks are distributed, meaning that the attack source is more than one (and often thousands) of unique IP addresses. Many of the cases involve forging of IP sender addresses (IP address spoofing) so that the location of the attacking machines cannot easily be identified, nor can filtering be done based on the source address.



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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