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Realities of Forex Investment
itz
#1981 Posted : Tuesday, July 10, 2012 2:26:39 PM
Rank: Member


Joined: 3/20/2009
Posts: 348
looking to go long(huge position) euro/usd at this range 1.2258-1.23.It is a very crowded short.i expect 1.34 by December 2012
fxtech
#1982 Posted : Tuesday, July 10, 2012 2:45:35 PM
Rank: Member


Joined: 5/31/2010
Posts: 325
Location: NAIROBI
itz wrote:
looking to go long(huge position) euro/usd at this range 1.2258-1.23.It is a very crowded short.i expect 1.34 by December 2012



I would advice you to take profit for the Long at 1.2421 zone, waiting because the trend looks very bearish unless things change in the coming days.
Discipline & sticking to your strategy even when you loosing defines great traders.
itz
#1983 Posted : Tuesday, July 10, 2012 6:16:44 PM
Rank: Member


Joined: 3/20/2009
Posts: 348
this euro is accelerating to the downside,someone might have info that there is no QE hint coming tomorrow.I was banking on that to push the dollar down and euro up.something is not right here.will wait to buy the euro but i still think the bottom is near,too many shorts getting in down here in the 1.22 area
fxtech
#1984 Posted : Tuesday, July 10, 2012 11:58:53 PM
Rank: Member


Joined: 5/31/2010
Posts: 325
Location: NAIROBI
Selling NZDJPY, if possible will hold through the Month till end July
Discipline & sticking to your strategy even when you loosing defines great traders.
mnandii
#1985 Posted : Wednesday, July 11, 2012 3:22:26 PM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
itz wrote:
this euro is accelerating to the downside,someone might have info that there is no QE hint coming tomorrow.I was banking on that to push the dollar down and euro up.something is not right here.will wait to buy the euro but i still think the bottom is near,too many shorts getting in down here in the 1.22 area


Quote:
I hate to challenge mainstream 20th century macroeconomic theory, but the idea that a growing economy needs easy credit is a false theory. Credit should be supplied by the free market, in which case it will almost always be offered intelligently, primarily to producers, not consumers. Would lower levels of credit availability mean that fewer people would own a house or a car? Quite the opposite. Only the timeline would be different.

Robert Prechter on Deflation.
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
#1986 Posted : Thursday, July 12, 2012 3:27:12 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
EURAUD This cross has been printing all time lows...


USD Index is bound to test 85 very soon. Very expensive USD coming up... Last year in Aug the index hit a low of 73.42 and has since climbed to 83.72 a gain of 14.02%.


$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1987 Posted : Thursday, July 12, 2012 10:01:23 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
EURCAD falls to record low. Euro struggling to stand vs the commodo currencies...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
fxtech
#1988 Posted : Friday, July 13, 2012 3:34:34 PM
Rank: Member


Joined: 5/31/2010
Posts: 325
Location: NAIROBI
QW25091985 wrote:
fxtech wrote:
Going Long AUDNZD @ 1.27834, SL 1.27260 TP 1.2933 for 150pips

Trade taken on bases of Daily Bull divergence off daily pin bar on 26.6.12 and a fill of gap that formed on mon open price followed by H4 bullish price action signals



today there's US bank holiday . tomorrow there's ecb and adp report . friday there's nfp . you still want to hold positions /???


Will be looking to add onto Longs this coming week
Discipline & sticking to your strategy even when you loosing defines great traders.
fxtech
#1989 Posted : Friday, July 13, 2012 4:52:50 PM
Rank: Member


Joined: 5/31/2010
Posts: 325
Location: NAIROBI
market surging in against Daily trend on most pairs, Will be watching for setups next week
Discipline & sticking to your strategy even when you loosing defines great traders.
hisah
#1990 Posted : Sunday, July 15, 2012 3:57:26 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Watch out for GBP, about to crater very soon. BOE has started printing...

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
fxtech
#1991 Posted : Monday, July 16, 2012 1:40:59 PM
Rank: Member


Joined: 5/31/2010
Posts: 325
Location: NAIROBI
fxtech wrote:
QW25091985 wrote:
fxtech wrote:
Going Long AUDNZD @ 1.27834, SL 1.27260 TP 1.2933 for 150pips

Trade taken on bases of Daily Bull divergence off daily pin bar on 26.6.12 and a fill of gap that formed on mon open price followed by H4 bullish price action signals



today there's US bank holiday . tomorrow there's ecb and adp report . friday there's nfp . you still want to hold positions /???


Will be looking to add onto Longs this coming week



Looks like I might be adding a AUDNZD Long at 4pm.
Discipline & sticking to your strategy even when you loosing defines great traders.
fxtech
#1992 Posted : Monday, July 16, 2012 1:42:53 PM
Rank: Member


Joined: 5/31/2010
Posts: 325
Location: NAIROBI
Trend on EURJPY & EURUSD looking strong we may not see retracements higher for now.... Just maybe
Discipline & sticking to your strategy even when you loosing defines great traders.
hisah
#1993 Posted : Monday, July 16, 2012 3:49:02 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Anyone notice that EURCHF brief touched sub 1.20 line in the sand... Briefly touched 1.1997. Watching this cross...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1994 Posted : Monday, July 16, 2012 3:52:46 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
hisah wrote:
Houston, we got a USD problem. This USD thing is about to good very bad on many financial markets when you look at the long term charts facing a solid resistance breakout!?




As for the euro futures, one more push down and this thing unravels badly. EURUSD could test 1.19 again!


Posted on May 30 2012. Still remains relevant. USD has climbed above the final falling trend line to test 83.82 while EURUSD has cracked below 1.24 to test 1.21 with 1.20 fast approaching.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
fxtech
#1995 Posted : Tuesday, July 17, 2012 9:29:26 AM
Rank: Member


Joined: 5/31/2010
Posts: 325
Location: NAIROBI
Watch list: SHORTS ON: AUDJPY, NZDJPY, CADJPY
Discipline & sticking to your strategy even when you loosing defines great traders.
hisah
#1996 Posted : Tuesday, July 17, 2012 5:39:48 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
This EURUSD will make traders commit suicide. Yesterday it flies all the way to 1.23 and today it retraces everything heading back sub 1.22... Yawa! E$ traders need a heart bypass to survive such volatility...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
fxtech
#1997 Posted : Wednesday, July 18, 2012 9:13:12 AM
Rank: Member


Joined: 5/31/2010
Posts: 325
Location: NAIROBI
Buying GBPNZD @1.9647,
Discipline & sticking to your strategy even when you loosing defines great traders.
hisah
#1998 Posted : Wednesday, July 18, 2012 11:02:51 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
With BoJ amending policies to permit bond yield to go negative, well I don't see them being able to manage the yen appreciation. Maybe time to start looking for yen longs...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
fxtech
#1999 Posted : Wednesday, July 18, 2012 12:20:30 PM
Rank: Member


Joined: 5/31/2010
Posts: 325
Location: NAIROBI
hisah wrote:
With BoJ amending policies to permit bond yield to go negative, well I don't see them being able to manage the yen appreciation. Maybe time to start looking for yen longs...



With you on this one, Looking to get Short NZDJPY @62.78 SL 63.28
Discipline & sticking to your strategy even when you loosing defines great traders.
bansi
#2000 Posted : Wednesday, July 18, 2012 1:31:09 PM
Rank: Hello


Joined: 7/18/2012
Posts: 1
@hisah and @fxtech; Please mail me your mobile numbers on saigrouplimited@gmail.com
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