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Realities of Forex Investment
hisah
#1131 Posted : Tuesday, July 26, 2011 10:05:00 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
USDCHF sub 0.80 and bounces back to 0.8020. Sinking this one. USDJPY coming soon.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
fxtech
#1132 Posted : Tuesday, July 26, 2011 10:15:26 AM
Rank: Member

Joined: 5/31/2010
Posts: 325
Location: NAIROBI
@Hisah looks like USDCHF will bounce off that psychological level esp a triple zero. If nt thn we can enjoy a ride on the trend.
Discipline & sticking to your strategy even when you loosing defines great traders.
hisah
#1133 Posted : Tuesday, July 26, 2011 8:15:01 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
fxtech wrote:
@Hisah looks like USDCHF will bounce off that psychological level esp a triple zero. If nt thn we can enjoy a ride on the trend.

There is still scope for this thing to hit the bunkers below 0.78. At that level it is likely to bounce for some days.

USDJPY - amazing, it has refused to give in and let go of the 78. But when that level breaks it will plunge down to 76. At that level expect the yen short bazooka from a mad BoJ.

Silver selloff yesterday has cooled off today and it is now coiling up. The last time gold coiled up 3 weeks ago $1600 was broken... Stay tuned...

Gold is strangely flat at $1610 for 2 days, a parabolic move is on the cards - target $1650 - overbought, but momentum is up...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Ceinz
#1134 Posted : Tuesday, July 26, 2011 9:23:37 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
hisah wrote:

USDJPY - amazing, it has refused to give in and let go of the 78. But when that level breaks it will plunge down to 76. At that level expect the yen short bazooka from a mad BoJ.



Broken, 77.0 level may be tested tomorrow.
“small step for man”
Ceinz
#1135 Posted : Wednesday, July 27, 2011 6:14:04 AM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Ceinz wrote:
My week give away.

Lots of uncertainity this week. There will be crazy volatility, the comdolls recent bull moves will be checked.



Oops, comdolls recording historic highs against the dollar, Aud/usd now above 1.1 (strong cpi data), NZD/USD just touched 0.8760. The Euro ain't spared either.
“small step for man”
hisah
#1136 Posted : Wednesday, July 27, 2011 6:52:21 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Ceinz wrote:
Ceinz wrote:
My week give away.

Lots of uncertainity this week. There will be crazy volatility, the comdolls recent bull moves will be checked.



Oops, comdolls recording historic highs against the dollar, Aud/usd now above 1.1 (strong cpi data), NZD/USD just touched 0.8760. The Euro ain't spared either.

I gave you a hint yesterday on aussie. I've also stated for weeks now on not shorting the kiwi. Cando is stuck with big bro US issues. This is why I closed the EURCAD short last week.
Gold too just keeps pushing against euro, dollar & pound. While euro & pound gain Vs the dollar, gold gives the real money story. Silver is about to follow suit.

I had given up on long USDZAR, but now it back @6.6s zone. I had revised buy target up to 6.75, but it fell thru it like a boulder!

AUDCAD is forming an inverse H&S. It'll break above 1.05 all time high. Target 1.08 - 1.09.

But based on the US debt drama & eurozone debt drama, I'm sidelined
for now, but i'm looking for a BoJ yen short for quick gains. Aug 2nd tells the dollar story while Aug 20th tells the euro story.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Muheani
#1137 Posted : Wednesday, July 27, 2011 7:05:34 AM
Rank: Veteran

Joined: 11/20/2009
Posts: 1,402
he...and here is where I say..maximum respects to the discussants!.. and arent they few....i have had to google and google..enyewe SALUTE!
hisah
#1138 Posted : Wednesday, July 27, 2011 9:44:38 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
AUDUSD testing all time highs. Critical zone for reversal on failure to break above.

NZDUSD still at all time highs.

USDJPY sub 78. BoJ Tension...

USDCHF sub 0.80

EURCHF sliping back to 1.14. SNB Critical...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Ceinz
#1139 Posted : Wednesday, July 27, 2011 10:11:08 AM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
hisah wrote:
Ceinz wrote:
Ceinz wrote:
My week give away.

Lots of uncertainity this week. There will be crazy volatility, the comdolls recent bull moves will be checked.



Oops, comdolls recording historic highs against the dollar, Aud/usd now above 1.1 (strong cpi data), NZD/USD just touched 0.8760. The Euro ain't spared either.

I gave you a hint yesterday on aussie. I've also stated for weeks now on not shorting the kiwi. Cando is stuck with big bro US issues. This is why I closed the EURCAD short last week.
Gold too just keeps pushing against euro, dollar & pound. While euro & pound gain Vs the dollar, gold gives the real money story. Silver is about to follow suit.

I had given up on long USDZAR, but now it back @6.6s zone. I had revised buy target up to 6.75, but it fell thru it like a boulder!

AUDCAD is forming an inverse H&S. It'll break above 1.05 all time high. Target 1.08 - 1.09.

But based on the US debt drama & eurozone debt drama, I'm sidelined
for now, but i'm looking for a BoJ yen short for quick gains. Aug 2nd tells the dollar story while Aug 20th tells the euro story.


Wish I had heeded on AUD, any way took NZD/USD long trade in green but will exit any time from now.

USD/ZAR at good buy level, but one has to be patient for this deebt drama to clear.

On the look out for the BOJ intervention too.
“small step for man”
hisah
#1140 Posted : Wednesday, July 27, 2011 4:15:53 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Still watching the gold and silver parabolic fireworks about to go nutsy...!? Silver is threatening a major parabolic move above $42 level and yesterday's coiling up suggests $45 will be tested in coming days. NOTE: JP Morgue was kicked out of LME last week and silver all over sudden finding its mojjo...

USDCHF - bouncing off sub 0.80 on the 2nd day. Bears had better convincingly clear 0.7950 to maintain down pressure.

AUDUSD - If it clears 1.11 it will fly away...

USDSGD - broken below 1.20 and bounced. Same behaviour as USDCHF...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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