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Realities of Forex Investment
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hisah
#2241 Posted : Thursday, April 11, 2013 8:22:32 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
hisah wrote:
Long XAU/USD @27.65. Something interesting with the buy volume around this level before FOMC meeting minutes later in US afternoon session.

The FOMC event that never was courtesy of someone at the Fed accidentally leaking the meeting minutes the day before.

This is why I continue to shun trading the US session. The market manipulation is too much & nobody gives a sh**

http://blogs.wsj.com/eco...-the-fed-minutes-early/

http://pointsandfigures....0/the-market-is-rigged/
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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alutacontinua
#2242 Posted : Thursday, April 11, 2013 12:09:37 PM
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Joined: 3/23/2011
Posts: 304
Chinese moneyflow into NZD the last couple of months has now pushed it up through weekly highs. Had to go back to the monthly charts to look for possible resistance. 0.88 is now in sight (July - August 2011)
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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hisah
#2243 Posted : Thursday, April 11, 2013 6:07:56 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
alutacontinua wrote:
Chinese moneyflow into NZD the last couple of months has now pushed it up through weekly highs. Had to go back to the monthly charts to look for possible resistance. 0.88 is now in sight (July - August 2011)

Jap funds hedging in AUD and NZD as the yen gets demolished by BoJ debasement madness...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2244 Posted : Thursday, April 11, 2013 6:16:02 PM
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Joined: 8/4/2010
Posts: 8,977
hisah wrote:
hisah wrote:
hisah wrote:
NFP risk out of the way. Long USDJPY @95.90. Targets open for now. Looking higher than 97.20 (tokyo's high).

Position 1 closed as target gets hit. Position 2 left with stop tightened to 96.00. Still too volatile to be confident about this trade.

SL raised to 96.80. Scope remains 100, but will be trailing the stop as we approach it above 99.

Still holding EURGBP short from 0.8595 for weeks now. It's taking too long to break down 0.84. I'll close it by end of week if 0.84 still holds.

USD selloff post NFP looks like a fake out. I expect it to recoup the loses by next week. Portugal may be the catalyst. Looking for sizable shorts in their equity market going forward.

USDJPY last position closed @99.60. The upthrust has failed to clinch 100 and from here scope is lower. Been a nice ride from 95.90 with a load of pips booked on the 2 positions.

EURGBP was almost retracing all the profit, but has backed away. By tomorrow if it fails to go back below .85, I'll be forced to close the trade.

Silver is working out slowly, but I'm patient. Once 28.30 is broken, things will start moving.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2245 Posted : Thursday, April 11, 2013 7:31:36 PM
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Joined: 8/4/2010
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Gold vs Yen (5yr chart) - needs no comment. Blue line is yen.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#2246 Posted : Thursday, April 11, 2013 8:37:07 PM
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Joined: 1/13/2011
Posts: 5,964
Bitcoin going bust? Trading halted after mass sell off: http://m.cnbc.com//id/100610863
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alutacontinua
#2247 Posted : Friday, April 12, 2013 6:41:25 AM
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Joined: 3/23/2011
Posts: 304
GS upgrades USD/JPY outlook to 102 - 105.

Link: http://www.efxnews.com/s...d-6-months-respectively

Am very cautious when these guys comeout with such revelations.
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hisah
#2248 Posted : Friday, April 12, 2013 7:20:35 AM
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alutacontinua wrote:
GS upgrades USD/JPY outlook to 102 - 105.

Link: http://www.efxnews.com/s...d-6-months-respectively

Am very cautious when these guys come out with such revelations.

Le squid is now giving a 'buy' reco. Time to run for the hills. I closed my long USDJPY yesterday & if I had seen this GS reco earlier, I'd have bailed out immediately.
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hisah
#2249 Posted : Friday, April 12, 2013 4:45:41 PM
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Gold finally tests 1530 and bounces. Let's see if it can hold.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2250 Posted : Friday, April 12, 2013 5:55:29 PM
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Joined: 8/4/2010
Posts: 8,977
hisah wrote:
Gold finally tests 1530 and bounces. Let's see if it can hold.

Thunders through 1530 on support break and dips towards 1500. Apart from gold other commodos are also taking it in the chin silver leading followed by oil. Intense hammering before options expiry.

Btw my XAG/USD position @27.65 has was stopped out at 27.20. Didn't even last a day...

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2251 Posted : Saturday, April 13, 2013 12:20:24 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977


Another blow to gold – Goldman Sachs slashes 2013, 2014 forecast - http://blogs.marketwatch...hes-2013-2014-forecast/

Perfect alignment for a contra play when Roubini and Le Squid are happily celebrating the slaughter.


The next support from here is 1430, which coincides with SMA 200 @1433 then 1380. For the time being volume is not building up as prices capitulate. Don't fight the trend. Let the selling be done.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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alutacontinua
#2252 Posted : Monday, April 15, 2013 8:58:12 AM
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Joined: 3/23/2011
Posts: 304
Gold continues to surge lower in Asia session add to that the poor Chinese economic data and no prisoners have been spared. AUD,NZD, CAD and now the Yen are all down. Europe session should be very interesting.

I am looking at the correlation between Gold and the Swiss Franc and looking at going long especially on EURCHF with a possible retest of 1.25 - 1.30. Only issue now is getting the timing right. Any thoughts on this trade????
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hisah
#2253 Posted : Monday, April 15, 2013 12:19:54 PM
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Joined: 8/4/2010
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@aluta - I don't think playing EURCHF is a sure bet. This cross has too much tweaking from SNB it's not worth the hustle.

And yes gold and silver continue getting smashed in London session. I can't believe the discounted prices with all the gigantic money printing everywhere. Unless the US Fed is about to abruptly stop QE and hike the rate this price collapse is so tempting for contra play as everyone runs for the hills.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2254 Posted : Monday, April 15, 2013 12:24:30 PM
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Joined: 8/4/2010
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Closed short EURGBP. Short was placed @8595 and closed @8529. After 3 weeks of going nowhere (below .85 and .84) the only way is up again to challenge .86. I hope it can reach .8650 - .8700 for a better short entry based on the patterns of EURUSD which looks to slide past 1.2750 support in coming weeks.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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dave.kim
#2255 Posted : Monday, April 15, 2013 3:31:41 PM
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Joined: 6/25/2010
Posts: 176
Kichapo an my gold long from last year plus the negative swap!!d'oh! But I made a short on the range break out. TP 1300
Rule No.1 is never lose money. Rule No.2 is never forget rule number one
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hisah
#2256 Posted : Monday, April 15, 2013 4:28:29 PM
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Joined: 8/4/2010
Posts: 8,977
dave.kim wrote:
Kichapo an my gold long from last year plus the negative swap!!d'oh! But I made a short on the range break out. TP 1300

That is why I jumped out immediately 1620 failed to break after rebounding from 1555 support. It was likely that the retest of1555 would break down. Last Friday's break of 1530 was critical and opened 1480 minor support then down to 1430 the SMA 200. If these failed then 1380 was the last resort. Today the bounced was at 1385. The tech damage as critical support caved in is now telling. It's make or break. Break is down to 1080!?

I'm scoping the volume spread, but nothing so far for a contra play. However silver is getting interesting.

Other commodities like coffee look poised to collapse lower. Oil's mark down looks like an accumulation play. Is a war likely?! God forbid.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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kyt
#2257 Posted : Monday, April 15, 2013 5:50:23 PM
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Joined: 11/7/2007
Posts: 2,182
What war @hisah?
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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hisah
#2258 Posted : Monday, April 15, 2013 5:53:29 PM
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Joined: 8/4/2010
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kyt wrote:
What war @hisah?

N.Korea, Iran... Too much tension...
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hisah
#2259 Posted : Monday, April 15, 2013 6:18:11 PM
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Interesting this capture by Zerohedge...

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youcan'tstopusnow
#2260 Posted : Monday, April 15, 2013 9:15:22 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Gold stocks have been massacred today! Jeez!
GOD BLESS YOUR LIFE
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