hello everyone! The market is not that bad,still waiting for the economic datas.Keep me posted if you have anything before me.

Regards


@NGAATU

Hi guys!

Tried to post morning idea but somehow it wasnt posting on SK. Oil hit 101 (brent spot even hit 99) and gold has broken 800. Hurricane Ike seems to be bypassing the main oil production areas on the gulf. I gues this reads a stronger USD,or maintain a strong tone. My trades will be shorting against the USD.

Current trades:

Short cable at 1.7590 - TP at 1.7560,SL 1.7620

Short GBP/JPY at 189.03 - TP at 188.60,SL 189.86

I haven't been a fun of trading NY session,but last night made quite a bunch of pips (more than 100 pips),so I think I will be taking some more trades while am relaxing at home in the evenings.

GL and GT

Stopped out at -15.

Have a nice evening all. Will continue with my trades til late.

Hi fellow traders,

Hope your trading has been going well. I will be out of the country from today for a month or so. Highly doubt whether i will be trading during this period but if and when i do,i will let you know.

For now,trade well and more pips to you!

Tc.


Anyone who lives within their means suffers from a lack of imagination

Hi @all

@passyson @tonicasert @kilabe @kim007 @ timber @alala and all.

Hope guys you have been all well during this crazy session.I have been away for some time but things now are as ussualy as they were.Lets keep the fire burning.
We need also to give the directions as i think most guys in other investments are currently in darkness and we need to give them the basics and fundamentals which they were ignoring or dismissiing them but now they are proving their strenghts and reality.


@NGAATU

Hi,

Nice to see you guys.

Efforts and commitments from central banks boosting global equities. At least for now we may see some definate directions. UK injecting GBP 37Bn into 3 banks boosting GBP. Misssed earlier bus,looking to but GBPUSD on dips.

My broker today giving a 10 pip spread! Such a ripoff!

hi @all

Hope you are doing good.The decision by U.S goverment to pump the $250 billion in buying the prefferential shares in the major banks lifted the global confidence in the market and hence there was stabilization of the market gradually.We should expect a rally somehow and i think there will a sensible direction in the markets.

@sollolo yes the volatility has been extreme but it also depends on the brokers whom you are dealing with them.This was due to the nature of flactuating confidence which existed for a month or so it also affected the brokers through their holding banks/investment banks e.t.c which others were on the verge of collapse but i suppose many have since stabilized.It has also been very rough for guys according to my experience during this stint due to the flactuations experienced which were wazimu.
Anyway that does not mean people in the currency markets did not make something,infact as i told you earlier currency market you can get yourself exposed to many risk cushioning methods by sometimes looking for the less volatile currencies though they wont be deep in volume in the market(soft currencies).

On the issue of analysis as we said earlier this market turmoil has been largely based on the underlying fundamentals and it was somehow for those using technicals much cause the flactuations i know really got them on the wrong side most of the time.I suppose that from this experience guys will come to accept that fundamentals are not only long term prospective but determine the technicals in the short term and everyday.All those who were disputing what i @toni @passyson and others who were proffesing for fundamentals can now verify the aspect from this crisis. You need to have information but dont overrely on systems mostly they do lapse and retard you with infor.
,
Sema @toni @passyson @kim @kilabe howz the market??

@NGAATU

@all

Am very appreciative of the forum and i have been on the sidelines for some time because i saw the forum was somehow silent for a whole month.
First i want to again warn all the investors out there from unsrupoulous investment guys there who purport to know the investment and offer returns which are "amazing".During the last month i have documented evidence of what one of my neighbour was duped by the same guy called WINNERS CHOICE INVESTMENT which is based in 8th floor at posta sacco plaza is a con guy who is duping people.I WANT TO WARN ALL THE PUBLIC THAT THE WINNERS CHOICE INVESTMENT WHICH ADVERTISES IN THE DAILY NATION LOOKING FOR PARTNERS IN "FOREX",THE GUYS DOES NOT KNOW ANYTHING IN FOREX NOR DOES HE HAVE ANY CLUE.THE GUY DEALS IN OVERSEAS JOBS,NANNY AND OTHERS WHICH ARE ALL FLEECING PEOPLE.THE OWNER MR.PETER KAIHENYA IS A CON ARTIST AND PUBLIC PLEASE BEWARE AND TAKE NOTE OF THE ADVICE GIVEN ABOVE.
IF YOU TRY TO CALL TODAY YOU WILL HEAR THERE RECEPTIONIST TELLING YOU A PERSON CAN INVEST FROM AS LOW AS KSH 5000 THIS IS TOTALLY CRAP AND THERE IS NOTHING LIKE THAT IN INVESTMENT.
2. THEY USSUALLY PAY YOU THE FIRST FOUR MONTHS INTEREST AND THEN TELL YOU THAT BUSINESS IS BAD AND FRUSTATIONS START.
3.IF YOU TAKE HIM TO POLICE YOU WILL ONLY SUE THE FIRM AND HE HAS CORRUPTED THE ADMINISTRATION OF JUSTICE.
PLEASE I DO WARN YOU THAT WINNERS CHOICE INVESTMENT IS A CON FIRM,

I would all of you like you to follow what ngaatu and others have advised but most kenyans are ignorant and despise wise information and in this case my own neighbour ignored to take this post seriously and know he is wailing.
But we will deal with him in any way till he give the money back.

Investing is tricky

@kilabe

I was warning that the guy in question is a con and the public should be aware and i do concur with you that the information is free and cheap but the people are always going for amazing returns.The one who was having problems with the guy is my friend and we even went several times to the offices at winners choice.i had warned him but before he read the posts he had already invested in winners.

@ngaatu it would be prudent if you and others expose all who you feel do not do genuine things so that you can help us all.

What is your take on the current position in the global economic crisis and how are the markets?

Investing is tricky

This forum is the reason I joined this site. Just good to see some Kenyans trying their hands in the forex market.

As for forex scams. You have seen nothing yet. Your broker offshore could be a scam. It is an open market so do your research very well. My two cents and this works for the Kenyans I have seen advertising and those I see seeking your broker accounts.

1. If anyone offers you more than 5% a month earnings in forex,be very very wary. I promise you if you earn that consistently for 6 months,your broker will employ you. If that has not happened to you,pm me.
2. There is no 3 day forex "intensive" training seminar. It does not exist. If you think it does,go try out a real account and we can compare notes.
3. There is no good forex broker. They all stop hunt and that should be part of your business cost. However,some are better at this than others.
4. Forex bastards,forex homegratus,peace forex or whatever he calls himself now is a conman. If you need info,contact me. I have met a lot of Kenyans falling for this guy Felix. He has been at his game for ages.

Last but not least. Good luck in your trading. it is a good experience for those who make it. If you are profitable day trading with these internet connections,you are good and you should think of offering your services to the world. Not to Kenyans who may not afford your work.

I will be adding my voice to this section rather than making noise at other sections of this site.