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Realities of Forex Investment
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QW25081985
#1541 Posted : Tuesday, January 10, 2012 7:16:04 AM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
gold doing some nice consolidation !!!!!






Technical Outlook:

Saw an RSI Bullish Divergence into the €1180/85 lows

Ran into Triangle resistance around €1275/80

Formed a Bearish Engulfing Candlestick today which implies a short-term peak

Sees the 23.6% & 38.2% retracements at €1256 & €1242 respectively

The 55 & 100-day sma's converge near €1258/60

Daily RSI has been initially rejected by the critical 60/65 level

Elliot Wave analysis shows it is potentially completing wave-e of a Triangle consolidation (continuation pattern) – This implies significant move higher over the coming weeks

RSI has broken above corresponding resistance IN ADVANCE to price (Leading Indicator)
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  | | Edit by user: Tuesday, January 10, 2012 7:20 AM | Reason: Not specified
Ceinz
#1542 Posted : Tuesday, January 10, 2012 3:56:57 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
hisah wrote:
FX rumour mill - SNB head has resigned. Hmmm... No wonder CHF is gaining as per EURCHF peg...


EUR/CHF - Speculators eyeing to blow stops below 1.2100
http://www.fxstreet.com/news/fo...-4b00-a3bc-74aea26c120e
“small step for man”
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Rabin
#1543 Posted : Tuesday, January 10, 2012 4:28:15 PM
Rank: Hello

Joined: 11/11/2010
Posts: 4
Location: Nairobi
Is there any online forex broker that does not request utility bill or any document to show your physical address
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hisah
#1544 Posted : Tuesday, January 10, 2012 7:30:17 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Gold breaks above 200 DMA. Permission to go long is beckoning smile Waiting for a test of $1680 and retracement back to $1650 for long entry to be activated...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1545 Posted : Wednesday, January 11, 2012 7:40:07 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Ceinz wrote:
hisah wrote:
FX rumour mill - SNB head has resigned. Hmmm... No wonder CHF is gaining as per EURCHF peg...


EUR/CHF - Speculators eyeing to blow stops below 1.2100
http://www.fxstreet.com/news/fo...-4b00-a3bc-74aea26c120e

I like this SNB scenario drama... Of late the system is becoming allergic to fraud or corruption unlike the norm. Is the system mutating beyond the masters control d'oh! smile

http://www.zerohedge.com...est-post-inside-job-snb

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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dave.kim
#1546 Posted : Wednesday, January 11, 2012 9:03:22 AM
Rank: Member

Joined: 6/25/2010
Posts: 176
hisah wrote:
Ceinz wrote:
hisah wrote:
FX rumour mill - SNB head has resigned. Hmmm... No wonder CHF is gaining as per EURCHF peg...


EUR/CHF - Speculators eyeing to blow stops below 1.2100
http://www.fxstreet.com/news/fo...-4b00-a3bc-74aea26c120e

I like this SNB scenario drama... Of late the system is becoming allergic to fraud or corruption unlike the norm. Is the system mutating beyond the masters control d'oh! smile

http://www.zerohedge.com...est-post-inside-job-snb


I dont get it. I was expecting such news to weaken the CHF??
Rule No.1 is never lose money. Rule No.2 is never forget rule number one
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hisah
#1547 Posted : Wednesday, January 11, 2012 9:18:30 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
dave.kim wrote:
hisah wrote:
Ceinz wrote:
hisah wrote:
FX rumour mill - SNB head has resigned. Hmmm... No wonder CHF is gaining as per EURCHF peg...


EUR/CHF - Speculators eyeing to blow stops below 1.2100
http://www.fxstreet.com/news/fo...-4b00-a3bc-74aea26c120e

I like this SNB scenario drama... Of late the system is becoming allergic to fraud or corruption unlike the norm. Is the system mutating beyond the masters control d'oh! smile

http://www.zerohedge.com...est-post-inside-job-snb


I dont get it. I was expecting such news to weaken the CHF??


Nop. CHF is always a safe haven play. The SNB since 2009 (GFC) has been been trying to devalue the swissie with zero success. So this news gives speculators a green light to take on the CB by trying to breakdown their peg (EURCHF @1.20). Currency wars during recessions or deflations are nasty smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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QW25081985
#1548 Posted : Wednesday, January 11, 2012 11:08:04 AM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
the pick say's it all LOL
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hisah
#1549 Posted : Wednesday, January 11, 2012 11:38:36 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
AUDUSD - still stuck in long term triangle - just ranging. Bulls need 1.0450 to give in, bears need 1.0050 to breakdown. Once either side is resolved, then playing aussie becomes easy. I side with 1.0050 breaking down...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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dave.kim
#1550 Posted : Wednesday, January 11, 2012 4:41:43 PM
Rank: Member

Joined: 6/25/2010
Posts: 176
check this out!!video on aftershock effects of the recession and double dip that is coming ... http://w3.newsmax.com/a/...97.cfm?PROMO_CODE=CACB-1
Rule No.1 is never lose money. Rule No.2 is never forget rule number one
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  | | Edit by user: Wednesday, January 11, 2012 4:48 PM | Reason: Not specified
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