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Realities of Forex Investment
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techboy
#2161 Posted : Tuesday, February 12, 2013 8:56:52 AM
Rank: User

Joined: 6/18/2009
Posts: 271
euro/usd stuck again....which way i see an up move ..
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hisah
#2162 Posted : Friday, February 15, 2013 9:40:01 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Keep an eye on this for the yen shorts... The yen oversell is now overextended and a short squeeze is around the corner.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Friday, February 15, 2013 9:41 PM | Reason: Not specified
hisah
#2163 Posted : Saturday, February 16, 2013 4:36:28 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
@ceinz - usd big move this week has smashed gold, silver and other commodos. I didn't expect gold bulls to give up support @1650 that easily.

This USD strength with US equities at 5yr highs & lowest volality in years is a smoking gun. The correction will be swift!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ceinz
#2164 Posted : Saturday, February 16, 2013 8:47:56 AM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
hisah wrote:
@ceinz - usd big move this week has smashed gold, silver and other commodos. I didn't expect gold bulls to give up support @1650 that easily.

This USD strength with US equities at 5yr highs & lowest volality in years is a smoking gun. The correction will be swift!


Yes, crazy moves we saw this week. Although this was espected especially with the lackluster performance of the commodos the past few weeks. As you say the correction should be a swift one, however only after we bottom out. For silver we should watch out support at 29.00. If it fails then we shall have to wait for a support arouns 27.00. For gold we may bottom out around 1550.
“small step for man”
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hisah
#2165 Posted : Saturday, February 16, 2013 2:01:17 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Ceinz wrote:
hisah wrote:
@ceinz - usd big move this week has smashed gold, silver and other commodos. I didn't expect gold bulls to give up support @1650 that easily.

This USD strength with US equities at 5yr highs & lowest volality in years is a smoking gun. The correction will be swift!


Yes, crazy moves we saw this week. Although this was espected especially with the lackluster performance of the commodos the past few weeks. As you say the correction should be a swift one, however only after we bottom out. For silver we should watch out support at 29.00. If it fails then we shall have to wait for a support arouns 27.00. For gold we may bottom out around 1550.

This looks like a shakeout like back in Feb 2011. April contracts indicates the metals will rally at some point from April. The lower the prices the better. Gold 1550-1560. Silver around 26.50.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2166 Posted : Saturday, February 16, 2013 2:09:13 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
For the yen shorts it maybe running out of gas soon - http://www.bloomberg.com...november-on-yen-bet.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2167 Posted : Saturday, February 16, 2013 3:14:39 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Billionaire George Soros slashes exposure to gold - http://www.mining.com/bi...-exposure-to-gold-98865/
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Mukiri
#2168 Posted : Saturday, February 16, 2013 9:52:39 PM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
hisah wrote:
For the yen shorts it maybe running out of gas soon - http://www.bloomberg.com...ovember-on-yen-bet.html

d'oh! Now where to?

Proverbs 19:21
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  | | Edit by user: Saturday, February 16, 2013 9:54 PM | Reason: Not specified
Pick n Pay
#2169 Posted : Sunday, February 17, 2013 12:04:55 AM
Rank: New-farer

Joined: 1/29/2013
Posts: 45
Location: South Africa
I want to start doing Forex. Any of you guys at FXCM brokers?
Greed is fear.
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hisah
#2170 Posted : Sunday, February 17, 2013 8:00:58 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Pick n Pay wrote:
I want to start doing Forex. Any of you guys at FXCM brokers?

I use their services. For trading flexibility open the account through their UK office. US has too much restrictions (harsh & ambigious regulation) on fx trading since 2010.

Are you an fx newbie? If so, this is a high risk, high volatility venture and it's not a walk in the park in this high stakes casino. Only invest what you can afford to lose. If you cant stand losing $2000 in a short span, this is not your game. It takes a while to learn the ropes & produce consistent results.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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