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Realities of Forex Investment
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hisah
#2201 Posted : Monday, March 18, 2013 9:23:56 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
alutacontinua wrote:
@hisah the gap downs across the board are massive, todays Europe and NY sessions should be very interesting and highly volatile. If risk aversion takes centre stage then the correction you have been waiting for should be swift esp now that SNP is showing signs of a potential market top?

Talk of massive buy orders at the 1.29 level for EURUSD am looking at a possible buy to fill that huge 100pip gap down in the coming sessions.

USDCHF - Potential HnS pattern on daily chart. Confirmation of shoulder could see a possible test of 0.9?

@1.28 zone EURUSD is too oversold to short. A bounce back to 1.2960 is a better short level. At the moment I expect the euro pairs to bounce in London session. Newsflash in euroland today on Cyprus and EU will be the ammo for the euro. Heavy volatility is expected. Caution while trading the euro.

The US futures have fallen and could mark the reversal. Of great concern is Nikkei steep climb, which flashed a weekly fatigue signal. This one will fall badly sending the yen on a rally. I will wait for GBPJPY to bounce and play again that H&S pattern.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2202 Posted : Wednesday, March 20, 2013 3:36:25 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
UK budget on. Looking to buy GBP by shorting EURGBP. Today I'm avoiding USD pairs until FOMC event passes in US session.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2203 Posted : Wednesday, March 20, 2013 3:53:50 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Yep working out as expected this 0.86 zone for EURGBP. Short @0.8595 now I sit tight.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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fxtech
#2204 Posted : Wednesday, March 20, 2013 5:24:36 PM
Rank: Member

Joined: 5/31/2010
Posts: 325
Location: NAIROBI
I have been off the radar on this forum but I have been very active in the markets, interested persons can follow me on; piphouse.wordpress.com
Discipline & sticking to your strategy even when you loosing defines great traders.
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fxtech
#2205 Posted : Wednesday, March 20, 2013 5:36:45 PM
Rank: Member

Joined: 5/31/2010
Posts: 325
Location: NAIROBI
Pick n Pay wrote:
I want to start doing Forex. Any of you guys at FXCM brokers?



I hope you have also refined your trading strategy and more so risk management and atleast demo traded for a while before going live.
Discipline & sticking to your strategy even when you loosing defines great traders.
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Ceinz
#2206 Posted : Wednesday, March 20, 2013 8:19:16 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
fxtech wrote:
I have been off the radar on this forum but I have been very active in the markets, interested persons can follow me on; piphouse.wordpress.com


Nice charts and analysis you got there. However, ur contribution here from time to time will be much appreciated.
“small step for man”
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fxtech
#2207 Posted : Wednesday, March 20, 2013 8:52:26 PM
Rank: Member

Joined: 5/31/2010
Posts: 325
Location: NAIROBI
Ceinz wrote:
fxtech wrote:
I have been off the radar on this forum but I have been very active in the markets, interested persons can follow me on; piphouse.wordpress.com


Nice charts and analysis you got there. However, ur contribution here from time to time will be much appreciated.


@Ceinz Thanx I will make an effort to be posting concurrently on both sites. But am more of a candlesticks trader.
Discipline & sticking to your strategy even when you loosing defines great traders.
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hisah
#2208 Posted : Thursday, March 21, 2013 9:21:27 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
@fxtech - good to know your den smile Btw March has been a tough trading month. Too choppy with unreasonable whiplash even for weekly trades! Feels like March 2011, which means a large move looms. And with Cyprus opening a pandora's box tight stops are key for trades...

@ceinz - hope you're still in gold. I'm still holding from 1560 after that rout in Feb. Key is to break 1620. If it happens that short squeeze should see the price extend to 1650. Keep an eye on GLD ETF as a guide. But Cyprus should continue to boost gold recovery. If mishandled by EU, gold will easily rally back to all time highs. Many traders are too bearish as per the COTS report. Short squeeze looms...

EURGBP is taking too long to move. Place a tight stop @0.8610. Yen pairs still look fatigued for longs. Waiting for shorts but need to see Nikkei confirm a reversal on the weekly.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ceinz
#2209 Posted : Thursday, March 21, 2013 10:26:26 AM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
hisah wrote:


@ceinz - hope you're still in gold. I'm still holding from 1560 after that rout in Feb. Key is to break 1620. If it happens that short squeeze should see the price extend to 1650. Keep an eye on GLD ETF as a guide. But Cyprus should continue to boost gold recovery. If mishandled by EU, gold will easily rally back to all time highs. Many traders are too bearish as per the COTS report. Short squeeze looms...



Yap, though dissapointingly slow.
“small step for man”
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fxtech
#2210 Posted : Thursday, March 21, 2013 10:27:14 AM
Rank: Member

Joined: 5/31/2010
Posts: 325
Location: NAIROBI
[quote=hisah]@fxtech - good to know your den smile Btw March has been a tough trading month. Too choppy with unreasonable whiplash even for weekly trades! Feels like March 2011, which means a large move looms. And with Cyprus opening a pandora's box tight stops are key for trades...

@Hisah, yah the markets seems so choppy, nothing interesting as such, I think the markets are readying themselves for the nice moves that come in May and associated months.
Discipline & sticking to your strategy even when you loosing defines great traders.
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