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Realities of Forex Investment
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hisah
#1861 Posted : Wednesday, May 09, 2012 8:56:51 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Watch out for EURCHF... Fireworks coming soon... Now let's see what the Irish decide in their referendum as euro people earnestly denounce austerity depressant eurocrats prescriptions...

I didn't expect gold to test sub $1600 and silver sub $30. These are interesting developments going by the money flood by ECB printing press as well as fed bank... Still bullish on gold closing above $2200 this year.

Soon hellena will be welcoming espana to the bond yield maniac rally party...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1862 Posted : Wednesday, May 09, 2012 9:16:09 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
The propaganda galore...
This will continue as the elections unfold...

http://www.forbes.com/si...one-rises-to-75-reports/
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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QW25091985
#1863 Posted : Wednesday, May 09, 2012 9:21:05 AM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
this range on euro$ is killing me . WOW ! . but we still have a gap to fill.
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hisah
#1864 Posted : Wednesday, May 09, 2012 1:36:40 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
USD is still flashing that it wants to mount another rally like back in May 2011... In Jan 2012 the brent and crude charts looked similar to this - we know how high the prices rallied.

USD strength signals a risk off spell. Global equity selling bout is on the cards.



$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Wednesday, May 09, 2012 1:38 PM | Reason: Not specified
fxtech
#1865 Posted : Thursday, May 10, 2012 8:01:37 AM
Rank: Member

Joined: 5/31/2010
Posts: 325
Location: NAIROBI
hisah wrote:
USD is still flashing that it wants to mount another rally like back in May 2011... In Jan 2012 the brent and crude charts looked similar to this - we know how high the prices rallied.

USD strength signals a risk off spell. Global equity selling bout is on the cards.





Quit in agreement, Keeping close tabs with USD
Discipline & sticking to your strategy even when you loosing defines great traders.
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hisah
#1866 Posted : Thursday, May 10, 2012 1:42:09 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Commodities sell-off accelerating... Aussie has been taking it in the chin more than any of the other commodo ccys.

I patiently await the GBP sell-off from Q3...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1867 Posted : Thursday, May 10, 2012 1:46:10 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
hisah wrote:
New trade taken in asia session - short EURGBP @0.8260 lot size 0.2. Weekly objective points to 0.8100 as target. On a larger period (monthly) the objective is 0.7500. On the monthly chart an ugly H&S pattern has developed.

Still holding on to these trades since April 12 2012.

Now that the 0.81 weekly floor has been broken this thing is ready to unravel all the way to 0.75.

I had also taken a long USDCAD trade @1.0010 which I have closed since it is a non-starter and the rollover costs have not been paid off by holding it.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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dave.kim
#1868 Posted : Friday, May 11, 2012 1:42:20 PM
Rank: Member

Joined: 6/25/2010
Posts: 176
are those wedges forming on the EURUSD and USDCHF?
Rule No.1 is never lose money. Rule No.2 is never forget rule number one
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hisah
#1869 Posted : Friday, May 11, 2012 2:30:22 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
I wonder who is trading EURCHF. Since late Jan, this cross is static. Argh... They should just retire this cross. This is like trying to trade yuans or any controlled currencys...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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QW25091985
#1870 Posted : Friday, May 11, 2012 4:13:29 PM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
dave.kim wrote:
are those wedges forming on the EURUSD and USDCHF?


thought i was the only one who spotted then . i think this pairs are headed higher !
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