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Realities of Forex Investment
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hisah
#2121 Posted : Monday, December 17, 2012 4:18:30 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
hisah wrote:
Is EURUSD about to produce a triple top?



Critical levels here - either a huge breakout or a huge breakdown. But not likely to happen now with the thin trading volumes.

The dollar index (DXY) momentum is slowing and turning bearish. The weekly US bonds index is also neutral as per bollinger bands. Breakout means the USD rallies and stocks selloff while the opposite applies. By January we will know which side influences the trend.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2122 Posted : Monday, December 17, 2012 4:20:59 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Next year the yen is going to get it in the chin as per chart patterns across multiple crosses. I expect the yen to be a short the 1st half of 2013 before reaching overtended selling extremes.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2123 Posted : Tuesday, December 18, 2012 5:50:06 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
hisah wrote:
Next year the yen is going to get it in the chin as per chart patterns across multiple crosses. I expect the yen to be a short the 1st half of 2013 before reaching overtended selling extremes.


Japan’s NO EXIT Strategy - http://www.businessinsid...o-exit-strategy-2012-12
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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dave.kim
#2124 Posted : Tuesday, December 18, 2012 10:59:06 PM
Rank: Member

Joined: 6/25/2010
Posts: 176
hisah wrote:
Is EURUSD about to produce a triple top?


looks like it was a cup n handle
Rule No.1 is never lose money. Rule No.2 is never forget rule number one
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hisah
#2125 Posted : Thursday, January 17, 2013 6:42:41 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
USDZAR - pending breakout.



GBPCHF - pending breakout of falling trendline channel hinting trend reversal soon.



$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Mkimwa
#2126 Posted : Thursday, January 17, 2013 7:03:12 AM
Rank: Member

Joined: 10/26/2008
Posts: 380
hisah wrote:


GBPCHF - pending breakout of falling trendline channel hinting trend reversal soon.





why not a continuation of the trend?
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hisah
#2127 Posted : Thursday, January 17, 2013 11:14:17 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Mkimwa wrote:
hisah wrote:


GBPCHF - pending breakout of falling trendline channel hinting trend reversal soon.





why not a continuation of the trend?

The chart shows no new lower lows. The current price is also testing the falling trendline before the breakout.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ceinz
#2128 Posted : Sunday, January 20, 2013 11:35:09 AM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Twelve of The Biggest Trading Losses in History
http://newtraderu.com/?p=3072
“small step for man”
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James Jailer
#2129 Posted : Sunday, January 20, 2013 2:35:36 PM
Rank: Hello

Joined: 5/6/2012
Posts: 8
The past one week has been depressing for me as far as CHF pairs are concerned. Take GBPCHF pair for example; I was forced to adopt a pseudo Martingale strategy because the bloody pair kept on going up whilst my analysis pointed to the opposite direction. Friday's close helped to calm my nerves somewhat but next week will inform a decision, whether to keep or close my positions. Hoping for a windfall. Happy pipping all.
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hisah
#2130 Posted : Friday, January 25, 2013 9:55:10 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
hisah wrote:
Mkimwa wrote:
hisah wrote:


GBPCHF - pending breakout of falling trendline channel hinting trend reversal soon.





why not a continuation of the trend?

The chart shows no new lower lows. The current price is also testing the falling trendline before the breakout.

A week later CHF bulls prove they're still in control as GBPCHF breaks the Dec 2012 low confirming bear trend continuation. @Mkimwa hope you are still in your bear trade. My breakout trade didn't trigger, but got triggered on USDZAR on breakout @8.85.


Mean while USDZAR broke out and test 9.00. Further weakens expected on the rand.

USDJPY has now surpassed 91.00 confirming that 100 is the next big figure target. Further weakens expected on the yen.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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