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Realities of Forex Investment
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NGAATU
#331 Posted : Friday, October 24, 2008 4:41:00 PM
Rank: Member

Joined: 5/6/2008
Posts: 107
Sure guys @passyson @kilabe the TP have all been hit already. Am looking at the GBP/USD with about 50 pips under to 1.5640.

@NGAATU
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Passyson
#332 Posted : Friday, October 24, 2008 5:50:00 PM
Rank: Member

Joined: 8/8/2008
Posts: 97
@Ngaatu and Kilabe...thanks for the welcome note.

Sure my T/P has been achieved for the EUR/USD...also went short on AUD/USD and AUD/CAD with T/P target of 40 pips each,which has been achieved.

My profit target for the day has been achieved and i can gladly call it a day.

Till Monday.




Anyone who lives within their means suffers from a lack of imagination
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Passyson
#333 Posted : Monday, October 27, 2008 5:21:00 AM
Rank: Member

Joined: 8/8/2008
Posts: 97
A very early morning fellow traders...

In case there is anyone up with me at this time,gone short EUR/USD (10 lots) at 1.25550 with a S/L at 1.26550 and a T/P at 1.24050...that should translate to a profit of 1,500 USD or a loss of 1,000USD...

Happy trading all!

PS/ My s/l was hit....entered same trade @ .2684 and exited at .2567. ...profit thus translates to 1170-1000= 170USD....risky trade here but i had to check the dynamics pre-4am open...verdict...No trading pre-4am

Next trading session....12noon (london session).

Adios.

Anyone who lives within their means suffers from a lack of imagination
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NGAATU
#334 Posted : Monday, October 27, 2008 12:03:00 PM
Rank: Member

Joined: 5/6/2008
Posts: 107
Morning @all traders.Also looking at the market currently in the tokyo session.@passyson thanks for the morning market insight.Looking to take position with the kiwi and aussie.


@NGAATU
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NGAATU
#335 Posted : Monday, October 27, 2008 12:28:00 PM
Rank: Member

Joined: 5/6/2008
Posts: 107
went short at NZD/USD at 0.55574 going for 15 pips. Still looking to go long with the USD/CHF at least for 25 pips as the european economic data is in the offing and supposedly bearish.

@NGAATU
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NGAATU
#336 Posted : Monday, October 27, 2008 1:12:00 PM
Rank: Member

Joined: 5/6/2008
Posts: 107
Already hit my TP for NZD/USD gone short for 15pips. Gone short for GBP/USD waiting to get out at around 25 pips under.

@NGAATU
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tonicasert
#337 Posted : Monday, October 27, 2008 3:43:00 PM
Rank: Member

Joined: 3/10/2008
Posts: 301
Location: Abu Dhabi
Hi everyone! Ngaatu,Passyon,Kilabe,et al

Welcome back Passyon,good to see you around. Please share the insights.

Had a long GBPUSD that was stopped out (never seen such volatilities!) at - 45 pips. Currently short at 1.5507,targeting close to 100 pips profit,but if I see some plateauing at +50 pips I might book the profits. Trend still looks down towards the support of 1.5425.

On another note: My stocks are really sucking and cant stand the losses any more (now at an average of 30-35% loss). Thinking of liquidating and pumping into forex. Any insights on whether they're gonna pick soon (read days' retracement)?

GL and GT
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tonicasert
#338 Posted : Monday, October 27, 2008 3:52:00 PM
Rank: Member

Joined: 3/10/2008
Posts: 301
Location: Abu Dhabi
The main driver for the losses in the majors has been the Yen strength as investors unwind carry trades due to the equity downturn. However there's talk of imminent intervention to stabilise the Yen (prob by BoJ),since a very strong Yen (currently at 93) is really hurting the export-dependant country. Such intervention willl see some more volatilities,and I reckon if they start happening,we may see some strengths on the GBP and EUR soon.
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tonicasert
#339 Posted : Monday, October 27, 2008 4:03:00 PM
Rank: Member

Joined: 3/10/2008
Posts: 301
Location: Abu Dhabi
Closed the GBPUSD with +114 pips at 1.5393. That was quick! Waiting for another retracement as all indicators are oversold,then I short further. If I see anything close to 1.5450,I will short again and target towards 1.5275-1.5300.

GL and GT to y'all!
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Passyson
#340 Posted : Monday, October 27, 2008 4:21:00 PM
Rank: Member

Joined: 8/8/2008
Posts: 97
Mighty great for you Toni with the GBP/USD pair...thanks for the welcome note too...

Ngaatu...am sure the trading will pick up later in the course of the day...as Toni rightfully said,i guess the present strength of the Yen does not augur well for the Japanese economy and i expect something to done asap to rectify this anomaly...

Gone short AUD/USD @ .60651 with a S/L @ .62151 and a T/P @ .60251...15 lots.

Will be back later in the afternoon...

GL all.

Anyone who lives within their means suffers from a lack of imagination
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