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Realities of Forex Investment
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dave.kim
#1911 Posted : Thursday, June 07, 2012 11:09:24 AM
Rank: Member

Joined: 6/25/2010
Posts: 176
@hisah.duly noted.al keep an eye on it for a break above 1800
Rule No.1 is never lose money. Rule No.2 is never forget rule number one
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hisah
#1912 Posted : Friday, June 08, 2012 4:03:04 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
hisah wrote:
Back to FX - EURUSD is on a mild short squeeze for now. Target 1.26s before the next down leg aiming sub 1.20. However, shorting this ugly pair is dangerous business due to the record short contracts. Even during GFC the euro short contracts never went to such levels of one-sided pile up.

EURUSD - playing according to the script. Now the downtrend resumes.
@mnandii - I expect your retrace target of 1.23 to be surpassed. Watch out for Greece elections on June 17th...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1913 Posted : Friday, June 08, 2012 4:08:57 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
dave.kim wrote:
@hisah.duly noted.al keep an eye on it for a break above 1800

Wait for gold to retest $1520. A break below $1500 would be better for loading up.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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fxtech
#1914 Posted : Friday, June 08, 2012 4:34:52 PM
Rank: Member

Joined: 5/31/2010
Posts: 325
Location: NAIROBI
hisah wrote:
hisah wrote:
Back to FX - EURUSD is on a mild short squeeze for now. Target 1.26s before the next down leg aiming sub 1.20. However, shorting this ugly pair is dangerous business due to the record short contracts. Even during GFC the euro short contracts never went to such levels of one-sided pile up.

EURUSD - playing according to the script. Now the downtrend resumes.
@mnandii - I expect your retrace target of 1.23 to be surpassed. Watch out for Greece elections on June 17th...


Good bearish opportunity on Eurusd & Eurjpy to get Short.
Discipline & sticking to your strategy even when you loosing defines great traders.
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hisah
#1915 Posted : Friday, June 08, 2012 4:54:49 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Courtesy of J.W. Jones - For those scouting gold stocks.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mnandii
#1916 Posted : Saturday, June 09, 2012 9:59:37 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
hisah wrote:
hisah wrote:
Back to FX - EURUSD is on a mild short squeeze for now. Target 1.26s before the next down leg aiming sub 1.20. However, shorting this ugly pair is dangerous business due to the record short contracts. Even during GFC the euro short contracts never went to such levels of one-sided pile up.

EURUSD - playing according to the script. Now the downtrend resumes.
@mnandii - I expect your retrace target of 1.23 to be surpassed. Watch out for Greece elections on June 17th...


Gracious.
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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mnandii
#1917 Posted : Saturday, June 09, 2012 10:03:23 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
There appears to be a high correlation btw the pairs EURUSD and AUDUSD. That is, both reached their wave 5 tops simultaneously. Now in their correction both 'have' completed wave B correction and now headed toward C together.
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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mnandii
#1918 Posted : Sunday, June 10, 2012 10:09:02 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
mnandii wrote:
There appears to be a high correlation btw the pairs EURUSD and AUDUSD. That is, both reached their wave 5 tops simultaneously. Now in their correction both 'have' completed wave B correction and now headed toward C together.

Wave B not complete yet.Anxious
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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QW25091985
#1919 Posted : Sunday, June 10, 2012 2:45:56 PM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
1.19xx next level !
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QW25091985
#1920 Posted : Sunday, June 10, 2012 10:43:32 PM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
mnandii wrote:
There appears to be a high correlation btw the pairs EURUSD and AUDUSD. That is, both reached their wave 5 tops simultaneously. Now in their correction both 'have' completed wave B correction and now headed toward C together.



there HAS ALWAYS been a high colleration between the two currencies coz they both are risky currencies ..oh and they have USD
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