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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mnandii wrote:I am looking for gold to fall sharply below $1161 within today and tomorrow. Been short gold @1215 on lot size 1.0 on two positions. If we break below 1150, I'll keep adding to the shorts.
This year I'm pressing hard on the commodo short side thus the few FX pair trades. Fully focussed on commodos.
Long term short running on coffee since I expect it to breakdown very badly aiming 100! Holding short @142.60 since Apr 30.
Took a short today on crude oil @60.30 with an open objective for now. I'll update on the targets next week.
Waiting to short cocoa if it retrace towards 3050. Target 2500.
I expect commodities to collapse this year!$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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mnandii wrote:GBPJPY bought at 181.20. Targeting 200 pips about. Yep. Target more than achieved! Now pair is at 185.04.  Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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mnandii wrote:I am looking for gold to fall sharply below $1161 within today and tomorrow. Mrng. Changed orientation. Long gold now. Targeting moves above $1215. $1200 in the interim. Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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hisah wrote:mnandii wrote:I am looking for gold to fall sharply below $1161 within today and tomorrow. Been short gold @1215 on lot size 1.0 on two positions. If we break below 1150, I'll keep adding to the shorts.
This year I'm pressing hard on the commodo short side thus the few FX pair trades. Fully focussed on commodos.
Long term short running on coffee since I expect it to breakdown very badly aiming 100! Holding short @142.60 since Apr 30.
Took a short today on crude oil @60.30 with an open objective for now. I'll update on the targets next week.
Waiting to short cocoa if it retrace towards 3050. Target 2500.
I expect commodities to collapse this year! Yes! Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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Am short $JPY at 120.00 Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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Guys, some help pls. Is there a bank which can accept deposits into a VISA card without having to follow up. I am tired of Equity bank. I was sent to some $ into my VISA card and is yet to reflect in my bank account one week later! This is the second time I am forced to follow up on such transfers. Sincerely, mnandi. Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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Long EURGBP at 0.7228 Sl at 0.7187. Targeting at least 120 pips. Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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mnandii wrote:mnandii wrote:GBPJPY bought at 181.20. Targeting 200 pips about. Yep. Target more than achieved! Now pair is at 185.04. This pair looks promising, I entered long c. 185.70, targeting 193 “small step for man”
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Rank: Member Joined: 1/13/2012 Posts: 139
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On the concept of day trading, a quick question to all here. Are you mostly long term traders or intraday? Based on the below, it seems Hisah and mnadii follow the former hisah wrote:mnandii wrote:I am looking for gold to fall sharply below $1161 within today and tomorrow. Been short gold @1215 on lot size 1.0 on two positions. If we break below 1150, I'll keep adding to the shorts.
This year I'm pressing hard on the commodo short side thus the few FX pair trades. Fully focussed on commodos.
Long term short running on coffee since I expect it to breakdown very badly aiming 100! Holding short @142.60 since Apr 30.
Took a short today on crude oil @60.30 with an open objective for now. I'll update on the targets next week.
Waiting to short cocoa if it retrace towards 3050. Target 2500.
I expect commodities to collapse this year!
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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USDJPY in slowmo, moving at a constant rate of 1 pip per hour since yesterday. Very boring. “small step for man”
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Ceinz wrote:USDJPY in slowmo, moving at a constant rate of 1 pip per hour since yesterday. Very boring.
Keenly watching. Big move coming up on the yen in NY or Asian session as per futures positioning. Bias is big break above 122 on USDJPY barriers which stalled the bulls back in Dec 2014.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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Thanks Hisah, very encouraging. “small step for man”
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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5 banks expected to plead guilty to felony charges for rigging the price of foreign currencies.Stay focussed. Volatility spike ahead. Such stories used to conspiracy theories as recent as 2012!? The day financial markets outlaw manipulation that's the day the markets will shutdown for good. All fin markets rely on manipulation to produce profits. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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BBC wrote:Five of the world's largest banks are to pay fines totalling $5.7bn (£3.6bn) for charges including manipulating the foreign exchange market.
Four of the banks - JPMorgan, Barclays, Citigroup and RBS - have agreed to plead guilty to US criminal charges.
The fifth, UBS, will plead guilty to rigging benchmark interest rates.
Barclays was fined the most, $2.4bn, as it did not join other banks in November to settle investigations by UK, US and Swiss regulators.
Barclays is also sacking eight employees involved in the scheme.
US Attorney General Loretta Lynch said that "almost every day" for five years from 2007, currency traders used a private electronic chat room to manipulate exchange rates. JPMorgue HAS to feature is all things stinking....Next!! "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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murchr wrote:BBC wrote:Five of the world's largest banks are to pay fines totalling $5.7bn (£3.6bn) for charges including manipulating the foreign exchange market.
Four of the banks - JPMorgan, Barclays, Citigroup and RBS - have agreed to plead guilty to US criminal charges.
The fifth, UBS, will plead guilty to rigging benchmark interest rates.
Barclays was fined the most, $2.4bn, as it did not join other banks in November to settle investigations by UK, US and Swiss regulators.
Barclays is also sacking eight employees involved in the scheme.
US Attorney General Loretta Lynch said that "almost every day" for five years from 2007, currency traders used a private electronic chat room to manipulate exchange rates. JPMorgue HAS to feature is all things stinking....Next!! And they were one of the banks bailed out in 2008 if I'm not wrong
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Banks Said to Turn to Legal ‘Big Five’ in S. African Forex ProbeQuote: Banks under investigation in South Africa over alleged currency manipulation have hired the largest law firms in the country to advise them on the probe.
Bowman Gilfillan, ENSafrica and Webber Wentzel, three of the so-called Big Five legal firms, are assisting banks targeted in the South African Competition Commission probe, according to four people with knowledge of the matter, who asked not to be identified because the information isn’t public.
JPMorgan Chase & Co., Citigroup Inc., Barclays Africa Group Ltd., Standard Bank Group Ltd. and Investec Ltd. are among 11 companies suspected by the regulator of using electronic messaging software to coordinate foreign exchange deals when quoting prices to customers, the commission said on May 19.
The investigation may have been triggered by a bank seeking to mitigate any measures taken against it for market misconduct, Nick Altini, the head of law firm Cliffe Dekker Hofmeyr’s competition practice, said in a phone interview on Thursday. Cliffe Dekker and Norton Rose Fulbright LLP complete the Big Five group.
The way the banksters have run to the big law firms says a lot  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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hisah wrote:Banks Said to Turn to Legal ‘Big Five’ in S. African Forex ProbeQuote: Banks under investigation in South Africa over alleged currency manipulation have hired the largest law firms in the country to advise them on the probe.
Bowman Gilfillan, ENSafrica and Webber Wentzel, three of the so-called Big Five legal firms, are assisting banks targeted in the South African Competition Commission probe, according to four people with knowledge of the matter, who asked not to be identified because the information isn’t public.
JPMorgan Chase & Co., Citigroup Inc., Barclays Africa Group Ltd., Standard Bank Group Ltd. and Investec Ltd. are among 11 companies suspected by the regulator of using electronic messaging software to coordinate foreign exchange deals when quoting prices to customers, the commission said on May 19.
The investigation may have been triggered by a bank seeking to mitigate any measures taken against it for market misconduct, Nick Altini, the head of law firm Cliffe Dekker Hofmeyr’s competition practice, said in a phone interview on Thursday. Cliffe Dekker and Norton Rose Fulbright LLP complete the Big Five group.
The way the banksters have run to the big law firms says a lot Usual suspects SMH!! "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Ceinz wrote:Thanks Hisah, very encouraging. The break has finally come to pass as USDJPY takes out the 122 barriers.
Btw Nikkei reclaimed the 20,000 handle last seen 15 years ago. Yen bulls will continue getting squeezed since the devaluation is still on course.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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hisah wrote:Ceinz wrote:Thanks Hisah, very encouraging. The break has finally come to pass as USDJPY takes out the 122 barriers.
Btw Nikkei reclaimed the 20,000 handle last seen 15 years ago. Yen bulls will continue getting squeezed since the devaluation is still on course. Yen bear all the way. “small step for man”
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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An oil ETF I track is suggesting oil price bounce may be done. Sharp turn ahead with targets below March lows. Sit tight. Most commodo futures I've scoped don't support bulls. Being bullish commodos this year will be tough business. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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