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Realities of Forex Investment
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fxtech
#1261 Posted : Thursday, September 08, 2011 11:31:57 AM
Rank: Member

Joined: 5/31/2010
Posts: 325
Location: NAIROBI
Potential 800pips on USDCHF Short, EURCHF Shorts

Short EURUSD@1.4320 on candlestick confirmation
Discipline & sticking to your strategy even when you loosing defines great traders.
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Dmitry
#1262 Posted : Thursday, September 08, 2011 12:00:02 PM
Rank: New-farer

Joined: 8/12/2010
Posts: 51
Location: Nairobi
really? what have they done again?..am not fx expert, but is taking a short at this time a good idea?
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Dmitry
#1263 Posted : Thursday, September 08, 2011 12:03:46 PM
Rank: New-farer

Joined: 8/12/2010
Posts: 51
Location: Nairobi
dave.kim wrote:
i caught 178 pips.anyone else profit from that rally?

i caught 450..but my demo caught almost all of it!!! still cant believe it
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dave.kim
#1264 Posted : Friday, September 09, 2011 12:34:14 PM
Rank: Member

Joined: 6/25/2010
Posts: 176
Dmitry wrote:
really? what have they done again?..am not fx expert, but is taking a short at this time a good idea?

ndio nashangaa
Rule No.1 is never lose money. Rule No.2 is never forget rule number one
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hisah
#1265 Posted : Friday, September 09, 2011 8:57:57 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
QW25081985 wrote:
hisah wrote:
Anybody noticed the EURUSD has been in consolidation since May 2011 despite panic central. This sideways action has created a large triangle for months.
EURUSD has quietly fallen 400pips for the week since topping 1.45s. At the current spot 1.41 it is testing the lower triangle line.
When 1.4050 breaks down, the breakout plunge will be huge. Caution trading this pair until the triangle is resolved - up or down. This will comfirm if its time for euro bears or bulls to take control for the month.

Me thinks it'll be a sizable plunge from the EURCHF moves, down almost 600 pips for the week.


the move that will come from there will be huge ...bt there's some heavy support on 200 ma on weekly chart.
am still short with + 100 pips so far.target is at 200 ma on daily chart.
it seems we are going to have a slow monday today coz of bank holiday in US

As expected, EURUSD breaks out of the triangle with a 600pip plunge.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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QW25081985
#1266 Posted : Friday, September 09, 2011 9:14:23 PM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
hisah wrote:
QW25081985 wrote:
hisah wrote:
Anybody noticed the EURUSD has been in consolidation since May 2011 despite panic central. This sideways action has created a large triangle for months.
EURUSD has quietly fallen 400pips for the week since topping 1.45s. At the current spot 1.41 it is testing the lower triangle line.
When 1.4050 breaks down, the breakout plunge will be huge. Caution trading this pair until the triangle is resolved - up or down. This will comfirm if its time for euro bears or bulls to take control for the month.

Me thinks it'll be a sizable plunge from the EURCHF moves, down almost 600 pips for the week.


the move that will come from there will be huge ...bt there's some heavy support on 200 ma on weekly chart.
am still short with + 100 pips so far.target is at 200 ma on daily chart.
it seems we are going to have a slow monday today coz of bank holiday in US

As expected, EURUSD breaks out of the triangle with a 600pip plunge.


am loving this ...i have never seem 600 pip print on my meta trader.i hope e/u fall will make that dream come true...
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QW25081985
#1267 Posted : Saturday, September 10, 2011 3:34:47 PM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
A small retrace to fib level of 38.2 % or from fridays close should be in order for euro dollar.
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hisah
#1268 Posted : Sunday, September 11, 2011 9:19:56 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
There is something interesting on the USD index. Last week the index brokeout of consolidation zone since April 2011 to Sept 8th. Coincidentally the EURUSD also looked the same, breaking out with a plunge thus making the USD index breakout bullish.
The last time the USD index had a similar long consolidation was in Jan 2008 - Aug 2008. Look at how far the USD index went after that breakout. If followed to the letter then EURUSD will plunge to 1.24-1.25 - the gap zone.

USDCHF upside violation of 0.8550 last week courtesy of SNB's manipulation machine, has broken the bear. I can see swiss carry trade for some weeks i.e. sell swiss vs any high yielding currency.

USDJPY - This one will follow the USD index bull strength. Looking for longs & BOJ will also boost it. Yap, these days we have been reduced to trading the manipulation script. No mo fundies, they dont matter??! d'oh!

In short I'll be long USDCHF/USDJPY. I'm still looking at USDZAR/USDSGD for long entries. AUDUSD/NZDUSD short entries. I think these pairs will see the most dollar squeeze.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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QW25081985
#1269 Posted : Sunday, September 11, 2011 1:31:47 PM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
hisah wrote:
There is something interesting on the USD index. Last week the index brokeout of consolidation zone since April 2011 to Sept 8th. Coincidentally the EURUSD also looked the same, breaking out with a plunge thus making the USD index breakout bullish.
The last time the USD index had a similar long consolidation was in Jan 2008 - Aug 2008. Look at how far the USD index went after that breakout. If followed to the letter then EURUSD will plunge to 1.24-1.25 - the gap zone.

USDCHF upside violation of 0.8550 last week courtesy of SNB's manipulation machine, has broken the bear. I can see swiss carry trade for some weeks i.e. sell swiss vs any high yielding currency.

USDJPY - This one will follow the USD index bull strength. Looking for longs & BOJ will also boost it. Yap, these days we have been reduced to trading the manipulation script. No mo fundies, they dont matter??! d'oh!

In short I'll be long USDCHF/USDJPY. I'm still looking at USDZAR/USDSGD for long entries. AUDUSD/NZDUSD short entries. I think these pairs will see the most dollar squeeze.



why do you call it the gap zone ...
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fxtech
#1270 Posted : Sunday, September 11, 2011 9:29:59 PM
Rank: Member

Joined: 5/31/2010
Posts: 325
Location: NAIROBI
@Hisah I vindicate that post on eurusd, usdchf usdjpy. audusd n nzdusd as well
Discipline & sticking to your strategy even when you loosing defines great traders.
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