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Realities of Forex Investment
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hisah
#2221 Posted : Tuesday, April 02, 2013 3:04:38 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
This week I stand aside until the BoJ rate decision, which will be followed later in US session by NFP. From the look of things volatility is definitely about to start rocking the boat this month...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2222 Posted : Tuesday, April 02, 2013 4:28:57 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Watching gold closely as 1585 gets tested. Failure of this support will force me to close the gold position since it points to sharper declines past 1555 towards 1480 - 1500.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ceinz
#2223 Posted : Tuesday, April 02, 2013 5:35:38 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
hisah wrote:
Watching gold closely as 1585 gets tested. Failure of this support will force me to close the gold position since it points to sharper declines past 1555 towards 1480 - 1500.


There is nothing as boring as trading gold. I will drop it off my radar for now.
“small step for man”
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hisah
#2224 Posted : Wednesday, April 03, 2013 5:13:03 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Ceinz wrote:
hisah wrote:
Watching gold closely as 1585 gets tested. Failure of this support will force me to close the gold position since it points to sharper declines past 1555 towards 1480 - 1500.


There is nothing as boring as trading gold. I will drop it off my radar for now.

Jumped out of gold. This thing is coming down like a falling knife after failing to break 1620. Once 1555 is broken down the downside move will gain momentum towards 1480 - 1500 levels.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2225 Posted : Wednesday, April 03, 2013 7:57:19 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Gold selloff picking up steam. Critical levels revisited again around 1550 - 1560. A close below 1555 will effectively enforce the downside move.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2226 Posted : Thursday, April 04, 2013 10:49:54 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Been busy here in the afternoon with BoJ yet again smashing the yen. After USDJPY tested 92.50 support the current rally back above 95.00 confirms that 100 will be the next target. I had inclined towards going long the yen, but BoJ has just kicked me in the teeth. Will have to go short for a while until this devaluation madness dies off...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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loob
#2227 Posted : Thursday, April 04, 2013 1:07:57 PM
Rank: Hello

Joined: 4/3/2013
Posts: 5
Was short aussie overnight, out this morning...possibly a bit too soon.

Also short the Bund (German bonds), in drawdown at the moment.
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hisah
#2228 Posted : Thursday, April 04, 2013 6:34:13 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
This is what I mean about the yen smash down. USDJPY is back testing the 2013 highs. Heading higher with likely target being 100.00

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ceinz
#2229 Posted : Thursday, April 04, 2013 8:37:28 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
hisah wrote:
This is what I mean about the yen smash down. USDJPY is back testing the 2013 highs. Heading higher with likely target being 100.00



I don't see it going that far. I see Mr. Market eroding those Boj efforts by as early as end of next week.
“small step for man”
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hisah
#2230 Posted : Friday, April 05, 2013 2:06:19 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
As long as the BoJ yen debasement madness continues, the best hedge is XAU/JPY.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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