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Realities of Forex Investment
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hisah
#2181 Posted : Monday, February 18, 2013 3:32:40 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Pick n Pay wrote:
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.

Each broker has their own requirements as per the markets regulator in whichever country the operate.

E.g. for FXCM UK, you can check here after you select your country of residence - http://www.fxcm.co.uk/open-forex-account.jsp

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2182 Posted : Thursday, February 21, 2013 1:09:50 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Wow! Waking up to see FOMC minutes smashed the markets. Commodos have taken it in the chin so hard as $ index reclaims the 81 handle. Weeklies now point to additional $ strength.

Next week will confirm if the equity markets will selloff strongly as VIX spike today gets things moving.

GBPUSD has cratered badly on twin issues - dovish BoE on UK econ & the latest FOMC minutes. It has broken a 4yr support line @1.5280! GBP pairs are definitely lined up for shorts for weeks.

Gold testing support @1550 -1555 and on a 6 day losing spree...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2183 Posted : Thursday, February 21, 2013 6:38:00 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
@ceinz - something to note. There's an options expiration on this 25th for both silver & gold. Also noticed a huge volume spike on silver as it nosedived yesterday. This vol is similar to when capitulation happened @25 after a 50% selloff. Yesterday's capitulation must have fried a lot of silver turkeys.

I think the bottom is being marked. Coincidental that gold also tests 1555. Apr contracts are telling a diff story. Let's see if March marks the reversal then back to the all time highs.

I have a sneaky feeling another MF Global is happening in the commodo market. The market nosedive feels like a raid. Soros too said he was out of gold just before the current nosedive. Too coincidental all this.

By year end this selloff have reversed...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ceinz
#2184 Posted : Thursday, February 21, 2013 7:20:38 AM
Rank: Veteran


Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
hisah wrote:
@ceinz - something to note. There's an options expiration on this 25th for both silver & gold. Also noticed a huge volume spike on silver as it nosedived yesterday. This vol is similar to when capitulation happened @25 after a 50% selloff. Yesterday's capitulation must have fried a lot of silver turkeys.

I think the bottom is being marked. Coincidental that gold also tests 1555. Apr contracts are telling a diff story. Let's see if March marks the reversal then back to the all time highs.

I have a sneaky feeling another MF Global is happening in the commodo market. The market nosedive feels like a raid. Soros too said he was out of gold just before the current nosedive. Too coincidental all this.

By year end this selloff have reversed...


Noted. The bottom levels mentioned earlier 1550 & 27, gold, silver respectively are nigh. By next week's end we should see signs of recovery in these two.
“small step for man”
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hisah
#2185 Posted : Saturday, February 23, 2013 1:15:45 AM
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Joined: 8/4/2010
Posts: 8,977
Moody's has just downgraded UK debt rating. After hours GBPUSD has spiked down around 75 pips, which means on Monday GBP crosses will open with gap downs. Those that rolled over GBP longs this weekend will be hammered.

Is this the news that will mark the markets top like what happened in Aug 2011 after the US debt rating downgrade?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2186 Posted : Saturday, February 23, 2013 5:50:08 PM
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Joined: 8/4/2010
Posts: 8,977
Now that I jumped the Yen shorting ship, I can see another ship waiting for the ride. And no, it's not GBP even with the UK rating downgrade. This ship is called CAD. It is definitely headed into a storm of rough water as per the fx volume weather forecast.

$=1.0250 was successfully tested on yesterday. The launch is getting ready.

Next we wait for AUD. Just like back when AUD = $1.10 the same behaviour has flagged the alert on. Just waiting for the storm to land.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2187 Posted : Wednesday, February 27, 2013 9:09:50 AM
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CAD, AUD continue to flash red. JPY excessive selling extreme means the current sharp reversal. Global stocks rolling over. VIX poised for sharp rally as complacency became extreme.

The fight is about to begin...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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tonicasert
#2188 Posted : Thursday, February 28, 2013 3:51:26 PM
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Joined: 3/10/2008
Posts: 301
Location: Abu Dhabi
Does anyone know of a good margin broker for American expiry FX options?
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hisah
#2189 Posted : Thursday, February 28, 2013 4:08:36 PM
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Biggest Gold ETP Holdings Fall in Longest Decline on Record - http://www.bloomberg.com...-decline-on-record.html

Very good news. Another gold buy signal as capitulation fries turkeys.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Mkimwa
#2190 Posted : Thursday, February 28, 2013 8:29:32 PM
Rank: Member


Joined: 10/26/2008
Posts: 380
hisah wrote:
Moody's has just downgraded UK debt rating. After hours GBPUSD has spiked down around 75 pips, which means on Monday GBP crosses will open with gap downs. Those that rolled over GBP longs this weekend will be hammered.

Is this the news that will mark the markets top like what happened in Aug 2011 after the US debt rating downgrade?


Was hammered by that downgrade proper. Had a pending buy that was triggered and closed at the same time, and SL was not even obeyed.
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Ceinz
#2191 Posted : Monday, March 04, 2013 9:43:28 AM
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Buy gold 1570, sl 1550, tp 1650.
“small step for man”
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Ceinz
#2192 Posted : Monday, March 04, 2013 9:45:02 AM
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Location: Sea of Transquility
Dont just stare at the charts the whole day. Spare time to VOTE.
“small step for man”
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hisah
#2193 Posted : Tuesday, March 12, 2013 12:50:35 PM
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GBPJPY - H&S forming on the daily chart. If triggered it's down to 130. A huge fall coming.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2194 Posted : Wednesday, March 13, 2013 12:02:04 PM
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Short GBPJPY @143.22. Playing the H&S pattern forming on the daily chart. TP1 - 141.00 and TP2 139.25. SL @144
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The Merchant
#2195 Posted : Wednesday, March 13, 2013 2:02:17 PM
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Joined: 5/24/2010
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Location: KENYA
I ve seen that HnS but lets wait for second shoulder to confirm but if ure right it could fall 551 pips before the HnS is even confirmed. Yikes!1!
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alutacontinua
#2196 Posted : Thursday, March 14, 2013 3:30:24 AM
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Joined: 3/23/2011
Posts: 304
@Hisah to add to GBPJPY is a bearish butterfly pattern with the CD leg starting at 118.778 and completing at 147.921.
23.6 fibb is @141.054 and further downside could see the 38.2 fibb @136.795 tested.
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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hisah
#2197 Posted : Thursday, March 14, 2013 12:37:15 PM
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hisah wrote:
Short GBPJPY @143.22. Playing the H&S pattern forming on the daily chart. TP1 - 141.00 and TP2 139.25. SL @144

Stopped out in europe session. I still fancy the short side for I expect that H&S to pay out.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2198 Posted : Friday, March 15, 2013 6:13:25 PM
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If GBPJPY closes the day as it stands now, the H&S right shoulder willl be in place. Also noticed that USDJPY since yen devaluation 'abenomics' has been tracking S&P500. Should US equities trip from here, USDJPY will fall hard. The yen is extremely oversold on both daily and weekly timeframes. Sharp turn ahead!
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hisah
#2199 Posted : Monday, March 18, 2013 1:17:06 AM
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euro getting smashed in aussie session.
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alutacontinua
#2200 Posted : Monday, March 18, 2013 5:48:11 AM
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Joined: 3/23/2011
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@hisah the gap downs across the board are massive, todays Europe and NY sessions should be very interesting and highly volatile. If risk aversion takes centre stage then the correction you have been waiting for should be swift esp now that SNP is showing signs of a potential market top?

Talk of massive buy orders at the 1.29 level for EURUSD am looking at a possible buy to fill that huge 100pip gap down in the coming sessions.

USDCHF - Potential HnS pattern on daily chart. Confirmation of shoulder could see a possible test of 0.9?
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