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Realities of Forex Investment
mnandii
#2511 Posted : Wednesday, March 26, 2014 3:10:14 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
Quote:
EWI Forex Insider ‏@FX_ElliottWave 18h
$EURUSD matched but didn't break prior low at 1.3749. We have two wave scenarios, both bearish in the end. $USDJPY shows a bullish triangle.


Not my usual pair but am long at 102.395 SL 102.060 TP 103.19
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.
mchambuzi
#2512 Posted : Wednesday, March 26, 2014 5:15:24 PM
Rank: New-farer

Joined: 11/17/2013
Posts: 80
Location: Juja
How many are in this yen mbus? euryen looking like its about to take off for a run above 142. Just needs some conviction for eurdollar bulls and we have another large stophunt. We are a nearing our usual 1600/1500GMT romp
On a long enough timeline, the life expectancy of everyone drops to zero.
hisah
#2513 Posted : Wednesday, March 26, 2014 10:13:45 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Troubled FX industry set to defend 'self regulation' - http://reut.rs/1dO8j6L

Quote:
A bruised foreign exchange industry regroups in Berlin this week after months of revelations on alleged collusion and market manipulation that threaten the "self regulation" model it has championed for decades.

The ACI, the main umbrella group for dealers in the world's single biggest financial market, holds its annual world congress at a time of turmoil for the industry, hit by the dismissal or suspension of more than two dozen of its leading lights.

In the highly fragmented, $5 trillion a day market, it is one of the few forums for senior bankers and brokers to discuss a concerted response to the row, which centers around claims that top dealers colluded to move benchmark exchange rates.


Too funny these FX goons camp...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
mnandii
#2514 Posted : Thursday, March 27, 2014 8:11:11 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
mnandii wrote:
Quote:
EWI Forex Insider ‏@FX_ElliottWave 18h
$EURUSD matched but didn't break prior low at 1.3749. We have two wave scenarios, both bearish in the end. $USDJPY shows a bullish triangle.


Not my usual pair but am long at 102.395 SL 102.060 TP 103.19

Didn't work out. Sad
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.
mchambuzi
#2515 Posted : Friday, March 28, 2014 5:13:03 PM
Rank: New-farer

Joined: 11/17/2013
Posts: 80
Location: Juja
Now to start loading up on the chf crosses starting with usdchf smile
On a long enough timeline, the life expectancy of everyone drops to zero.
mnandii
#2516 Posted : Saturday, March 29, 2014 7:55:51 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
The Preferred Count. EURUSD should rise to 1.3880s level ( [ii] ) before another sell off.
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.
hisah
#2517 Posted : Wednesday, April 02, 2014 6:05:43 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
hisah wrote:
hisah wrote:
Short GBPJPY initiated during Asia session @169.90 with an open objective for now. I still expect this thing to test 162. Yen is growing legs as per yen futures positioning.

Still sitting in this trade tho the market spiked to 173. SL fixed at 500pips as the beast chops wildly as usual. I'll still stick to long yen in 2014...

My observations are getting hit rapidly: -

- All time highs global stocks as the party continues.
- gold has sprinted and tested $1350
- defaults have started in chingland - Chaori Solar default.

Next shows: -
- yuan-dollar rate spikes to 6.20 - 6.50. Was a spectacular one-way street trade from 7.50. A lot of corp bonds will fry properly as yuan takes it in the chin.

Shows that have delayed: -

-euroswiss peg break down @1.20.
- US 10yr note rate spike above 3%.


If chingland defaults balloon, copper price will fall off the cliff! Large vol on the sell side since 2013.


*feels like Dow 30000 in 2008 or Bear Stearns moments before the shoe fell off...

After a month the GBPJPY short has refused to comply though GBP futures suggest otherwise. USDJPY bulls defended 101 strongly helping GBPJPY to remain afloat 168. Also some order flows from jap side last week and monday will likely push USDJPY above 106 maybe to 110 before a proper selloff.

I still maintain my view, bullish yen & gold even if global equities float out of the planet! Fundies don't support the elevated equities, Fed is tapering and chingland defaults are firing. One wrong domino move and...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
kyt
#2518 Posted : Wednesday, April 02, 2014 10:38:34 AM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
@hisah what analysis tools do you use?
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
mnandii
#2519 Posted : Thursday, April 03, 2014 8:48:05 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
The alternative Elliot Counts:

Calm Before a Storm

Steady She Goes

NB: These have also become my preferred counts. Good opportunities to enter the market should come soon.
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.
hisah
#2520 Posted : Thursday, April 03, 2014 12:21:06 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
kyt wrote:
@hisah what analysis tools do you use?

RSI and Ultimate Oscillator. And very important, volume spread analysis. Yes, fx has volume - futures is where the volume is displayed.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
396 Pages«<250251252253254>»
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