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Realities of Forex Investment
QW25081985
#1501 Posted : Wednesday, December 14, 2011 6:02:17 PM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
But on a much much much wider time frame euro$ is a short : not the h&s target is at 1.2xx


Ceinz
#1502 Posted : Wednesday, December 14, 2011 8:20:20 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
hisah wrote:
Still looking at gold getting kicked. $1650 support broken. At this rate $1600 support will be taken out too. This is what thin liquidity does. Extreme volatility. As a swing trader such an environment is not conducive. A lot of carry is being unwound this week as trading desks close for festive season & this will continue to boost USD and nail EUR, AUD & NZD.



Gold $1600 support taken out, things are wicked.
“small step for man”
hisah
#1503 Posted : Wednesday, December 14, 2011 9:00:01 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
This is what is spooking gold. HSBC sues MF Global over gold ownership.

http://bloomberg.com/new...old-silver-bars-1-.html

GLD ETF under HSBC is tanking badly. This paper gold fraud is going to ignite badly as the ponzi masters go head to head... Gerald Celente is still trying to figure out how to get back his gold from ponzi defunct MF Global. Stay tuned as things unravel in gold ETFs...

Quite interesting ISDA site doesnt show MF Global's creamed CDS. So will some clients be given some of the firms Greek bond bets in exchange for their missing gold... Aicaramba! As @cde would say... a brawl this...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1504 Posted : Thursday, December 15, 2011 7:11:12 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
USDSGD finally tests 1.31. Critical level this. Failure here seals a triple top on the weekly chart giving bears juice to short it back to 1.20. Breaking above 1.3130 means bulls can target 1.4050. But will the Singapore CB stay put as SGD takes it in the chin...

Same applies to USDZAR. Failure @8.53 will be a triple top. Sell target 7.80 then 7.10. Break above 8.53, targets 9.00 then 9.40 then critical 10.00. At that level SA CB will have to defend the rand.

AUDUSD & NZDUSD still lofty at the current levels. They still have acres of room to fall.

I'm waiting to see what gold does @1540. S.Korea CB got a huge chunk at this price level. Weekly chart is very ugly and a test of 1450 - 1500 is likely. At this level demand should be sizable. Silver to is now testing $28-29 levels - my buy interest levels. Long term charts point to $24-25 levels.
Tempted to trade & breaking my principle of not doing so in Dec d'oh!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
QW25081985
#1505 Posted : Thursday, December 15, 2011 7:21:42 AM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
here's an update on the much talked about h&s ( head and shoulder) pattern on euro$ weekly channel :

hisah
#1506 Posted : Saturday, December 17, 2011 8:25:50 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
USDCHF - above .9550 will mean back to parity 1.0000 aiming 1.0400. By then EURUSD will be sub 1.25 going to 1.20.

USDSGD & USDZAR still remain at critical zones as explained earlier. Bullish breakouts on the cards with very anxious CBs. I expect interventions esp on SGD...

Moodys downgraded Belgium, but they've had no gubberment for more than a year!? Who's being downgraded, the monarch, king... d'oh! This dexia nationalization is a boiling pot. I hope @mainat kept off this stock in time back in Oct.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
QW25081985
#1507 Posted : Monday, December 19, 2011 7:34:51 AM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
could you really ask for a better entry . eur/cad short !

hisah
#1508 Posted : Monday, December 19, 2011 7:50:41 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
@QW - Have a look at the weekly EURCAD chart. This thing is about to fall off the sky...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
QW25081985
#1509 Posted : Tuesday, December 20, 2011 7:23:52 AM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
Nice setup to go long on usd/chf

QW25081985
#1510 Posted : Tuesday, December 20, 2011 7:26:16 AM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
Yep . gbp/jpy is primed for another break out !i think today it will be risk on

396 Pages«<149150151152153>»
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