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Realities of Forex Investment
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techboy
#2161 Posted : Tuesday, February 12, 2013 8:56:52 AM
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Joined: 6/18/2009
Posts: 271
euro/usd stuck again....which way i see an up move ..
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hisah
#2162 Posted : Friday, February 15, 2013 9:40:01 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Keep an eye on this for the yen shorts... The yen oversell is now overextended and a short squeeze is around the corner.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2163 Posted : Saturday, February 16, 2013 4:36:28 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
@ceinz - usd big move this week has smashed gold, silver and other commodos. I didn't expect gold bulls to give up support @1650 that easily.

This USD strength with US equities at 5yr highs & lowest volality in years is a smoking gun. The correction will be swift!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ceinz
#2164 Posted : Saturday, February 16, 2013 8:47:56 AM
Rank: Veteran


Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
hisah wrote:
@ceinz - usd big move this week has smashed gold, silver and other commodos. I didn't expect gold bulls to give up support @1650 that easily.

This USD strength with US equities at 5yr highs & lowest volality in years is a smoking gun. The correction will be swift!


Yes, crazy moves we saw this week. Although this was espected especially with the lackluster performance of the commodos the past few weeks. As you say the correction should be a swift one, however only after we bottom out. For silver we should watch out support at 29.00. If it fails then we shall have to wait for a support arouns 27.00. For gold we may bottom out around 1550.
“small step for man”
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hisah
#2165 Posted : Saturday, February 16, 2013 2:01:17 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Ceinz wrote:
hisah wrote:
@ceinz - usd big move this week has smashed gold, silver and other commodos. I didn't expect gold bulls to give up support @1650 that easily.

This USD strength with US equities at 5yr highs & lowest volality in years is a smoking gun. The correction will be swift!


Yes, crazy moves we saw this week. Although this was espected especially with the lackluster performance of the commodos the past few weeks. As you say the correction should be a swift one, however only after we bottom out. For silver we should watch out support at 29.00. If it fails then we shall have to wait for a support arouns 27.00. For gold we may bottom out around 1550.

This looks like a shakeout like back in Feb 2011. April contracts indicates the metals will rally at some point from April. The lower the prices the better. Gold 1550-1560. Silver around 26.50.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2166 Posted : Saturday, February 16, 2013 2:09:13 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
For the yen shorts it maybe running out of gas soon - http://www.bloomberg.com...november-on-yen-bet.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2167 Posted : Saturday, February 16, 2013 3:14:39 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Billionaire George Soros slashes exposure to gold - http://www.mining.com/bi...-exposure-to-gold-98865/
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Mukiri
#2168 Posted : Saturday, February 16, 2013 9:52:39 PM
Rank: Elder


Joined: 7/11/2012
Posts: 5,222
hisah wrote:
For the yen shorts it maybe running out of gas soon - http://www.bloomberg.com...ovember-on-yen-bet.html

d'oh! Now where to?

Proverbs 19:21
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Pick n Pay
#2169 Posted : Sunday, February 17, 2013 12:04:55 AM
Rank: New-farer


Joined: 1/29/2013
Posts: 45
Location: South Africa
I want to start doing Forex. Any of you guys at FXCM brokers?
Greed is fear.
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hisah
#2170 Posted : Sunday, February 17, 2013 8:00:58 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Pick n Pay wrote:
I want to start doing Forex. Any of you guys at FXCM brokers?

I use their services. For trading flexibility open the account through their UK office. US has too much restrictions (harsh & ambigious regulation) on fx trading since 2010.

Are you an fx newbie? If so, this is a high risk, high volatility venture and it's not a walk in the park in this high stakes casino. Only invest what you can afford to lose. If you cant stand losing $2000 in a short span, this is not your game. It takes a while to learn the ropes & produce consistent results.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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techboy
#2171 Posted : Sunday, February 17, 2013 9:05:03 AM
Rank: User


Joined: 6/18/2009
Posts: 271
Pick n Pay wrote:
I want to start doing Forex. Any of you guys at FXCM brokers?



Hi. off the bat i would like to warn you that forex trading is full of scammers . NEVER and i mean NEVER give somebody your money . they will scam you . be very careful.have you demo traded ? ifnot you should do that first .
i thought you would be demo trading as you learn ? thats the way people do it . anyway you need to download a trading software called mt4 and also you need to open a demo a/c with any forex broker you like . i will suggest instaforex . check below link

www.instaforex.com/open_demo_account.php


also this is VERY IMPORTANT . before you commit your real money in the forex trading whynot open a no deposit account and trade from that first . its a no risk account.basically with this a/c you are given live money that you can trade without depositing your own money check such account using below link

http://www.bestforexbonus.com/nodeposit-bonus
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hisah
#2172 Posted : Sunday, February 17, 2013 12:20:43 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
techboy wrote:
Pick n Pay wrote:
I want to start doing Forex. Any of you guys at FXCM brokers?



Hi. off the bat i would like to warn you that forex trading is full of scammers . NEVER and i mean NEVER give somebody your money . they will scam you . be very careful.have you demo traded ? ifnot you should do that first .
i thought you would be demo trading as you learn ? thats the way people do it . anyway you need to download a trading software called mt4 and also you need to open a demo a/c with any forex broker you like . i will suggest instaforex . check below link

www.instaforex.com/open_demo_account.php


also this is VERY IMPORTANT . before you commit your real money in the forex trading whynot open a no deposit account and trade from that first . its a no risk account.basically with this a/c you are given live money that you can trade without depositing your own money check such account using below link

http://www.bestforexbonus.com/nodeposit-bonus

Btw not all brokers support MT4.

MT4 platform is best for robot trading where you develop programs or buy a program that trades as per your trading instructions. But first perfect your own trading plan before you go for robo trading. I do not recommend buying robo programs. The risk of losing money is quite high!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Pick n Pay
#2173 Posted : Sunday, February 17, 2013 1:03:11 PM
Rank: New-farer


Joined: 1/29/2013
Posts: 45
Location: South Africa
techboy wrote:
[quote=Pick n Pay]I want to start doing Forex. Any of you guys at FXCM brokers?



Hi. off the bat i would like to warn you that forex trading is full of scammers . NEVER and i mean NEVER give somebody your money . they will scam you . be very careful.have you demo traded ? ifnot you should do that first .
i thought you would be demo trading as you learn ? thats the way people do it . anyway you need to download a trading software called mt4 and also you need to open a demo a/c with any forex broker you like . i will suggest instaforex . check below link

www.instaforex.com/open_demo_account.php


also this is VERY IMPORTANT . before you commit your real money in the forex trading whynot open a no deposit account and trade from that first . its a no risk account.basically with this a/c you are given live money that you can trade without depositing your own money check such account using below link

http://www.bestforexbonus.com/nodeposit-bonus[/quote]

Hi Techboy,
Thanks for the info. I did do a demo account and l finally got a working strategy that earned me "virtual money". Could you suggest any online brokers?
Greed is fear.
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Pick n Pay
#2174 Posted : Sunday, February 17, 2013 1:06:48 PM
Rank: New-farer


Joined: 1/29/2013
Posts: 45
Location: South Africa
hisah wrote:
Pick n Pay wrote:
I want to start doing Forex. Any of you guys at FXCM brokers?

I use their services. For trading flexibility open the account through their UK office. US has too much restrictions (harsh & ambigious regulation) on fx trading since 2010.

Are you an fx newbie? If so, this is a high risk, high volatility venture and it's not a walk in the park in this high stakes casino. Only invest what you can afford to lose. If you cant stand losing $2000 in a short span, this is not your game. It takes a while to learn the ropes & produce consistent results.


Hi Hisah,

What do you need to open? (what documents & what is the least amount). I am a newbie but l did give try out their trading software and was happy with the platform and my trading results.
Greed is fear.
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hisah
#2175 Posted : Monday, February 18, 2013 9:31:33 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
hisah wrote:
Anyone still holding yen shorts? Been long GBPJPY (the beast) since Dec @132.46 and we're up 1 big figure. There's scope it may nail the next round level @150 and at the next big figure @152 i'll take profits. By then USDJPY may vault to 100 and nikkei around 12800 - 13000pts and very stretched technically. So a selloff will be in order as yen shorts get a proper squeezing.

Closed the GBPJPY long positions. GBP looks prime for a devaluation from the rhetoric of BoE. Also the yen selling is overdone. The yen short squeeze will squeeze it the most.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2176 Posted : Monday, February 18, 2013 9:54:30 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
This is what I mean about BoE - http://www.bloomberg.com...and-s-re-founding-.html

A goldman guy will be the head... Am not a fun of anything goldman.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Mkimwa
#2177 Posted : Monday, February 18, 2013 11:30:57 AM
Rank: Member


Joined: 10/26/2008
Posts: 380
hisah wrote:
hisah wrote:
Anyone still holding yen shorts? Been long GBPJPY (the beast) since Dec @132.46 and we're up 1 big figure. There's scope it may nail the next round level @150 and at the next big figure @152 i'll take profits. By then USDJPY may vault to 100 and nikkei around 12800 - 13000pts and very stretched technically. So a selloff will be in order as yen shorts get a proper squeezing.

Closed the GBPJPY long positions. GBP looks prime for a devaluation from the rhetoric of BoE. Also the yen selling is overdone. The yen short squeeze will squeeze it the most.


How do you manage to hold positive positions for soo long?

I can only assume that you look at daily/weekly charts.
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hisah
#2178 Posted : Monday, February 18, 2013 11:38:27 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Mkimwa wrote:
hisah wrote:
hisah wrote:
Anyone still holding yen shorts? Been long GBPJPY (the beast) since Dec @132.46 and we're up 1 big figure. There's scope it may nail the next round level @150 and at the next big figure @152 i'll take profits. By then USDJPY may vault to 100 and nikkei around 12800 - 13000pts and very stretched technically. So a selloff will be in order as yen shorts get a proper squeezing.

Closed the GBPJPY long positions. GBP looks prime for a devaluation from the rhetoric of BoE. Also the yen selling is overdone. The yen short squeeze will squeeze it the most.


How do you manage to hold positive positions for soo long?

I can only assume that you look at daily/weekly charts.

I trade weeklies. Dailies are to volatile if u trade large lot sizes.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Mkimwa
#2179 Posted : Monday, February 18, 2013 12:54:24 PM
Rank: Member


Joined: 10/26/2008
Posts: 380
hisah wrote:
Mkimwa wrote:
hisah wrote:
hisah wrote:
Anyone still holding yen shorts? Been long GBPJPY (the beast) since Dec @132.46 and we're up 1 big figure. There's scope it may nail the next round level @150 and at the next big figure @152 i'll take profits. By then USDJPY may vault to 100 and nikkei around 12800 - 13000pts and very stretched technically. So a selloff will be in order as yen shorts get a proper squeezing.

Closed the GBPJPY long positions. GBP looks prime for a devaluation from the rhetoric of BoE. Also the yen selling is overdone. The yen short squeeze will squeeze it the most.


How do you manage to hold positive positions for soo long?

I can only assume that you look at daily/weekly charts.

I trade weeklies. Dailies are to volatile if u trade large lot sizes.

Respect to you on that!

What strategies do you use?

I am using daily chart so far, and its been good.
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hisah
#2180 Posted : Monday, February 18, 2013 1:55:16 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Mkimwa wrote:
hisah wrote:
Mkimwa wrote:
hisah wrote:
hisah wrote:
Anyone still holding yen shorts? Been long GBPJPY (the beast) since Dec @132.46 and we're up 1 big figure. There's scope it may nail the next round level @150 and at the next big figure @152 i'll take profits. By then USDJPY may vault to 100 and nikkei around 12800 - 13000pts and very stretched technically. So a selloff will be in order as yen shorts get a proper squeezing.

Closed the GBPJPY long positions. GBP looks prime for a devaluation from the rhetoric of BoE. Also the yen selling is overdone. The yen short squeeze will squeeze it the most.


How do you manage to hold positive positions for soo long?

I can only assume that you look at daily/weekly charts.

I trade weeklies. Dailies are to volatile if u trade large lot sizes.

Respect to you on that!

What strategies do you use?

I am using daily chart so far, and its been good.

I trade breakouts and momentum. But this year CBs with their devaluation fantasies are making Fx trading a walk in the park!! The latest being the Norwegian CB who hinted at some devaluation since their ccy is getting too strong.

http://bloom.bg/12Njkz2

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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