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Realities of Forex Investment
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mnandii
#2521 Posted : Friday, April 04, 2014 4:04:00 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304


Prices should visit the 61.8% level 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.
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mnandii
#2522 Posted : Monday, April 07, 2014 5:58:20 PM
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Joined: 10/11/2006
Posts: 2,304
mnandii wrote:


Prices should visit the 61.8% level soon.

Market has not moved much. RSI is at overbought. This should be the 'A' wave of a zigzag. If so then prices should retest the 1.3700s level before resuming the uptrend. An alternate scenario is that there may be a triangle forming. PA will confirm.
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.
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hisah
#2523 Posted : Tuesday, April 08, 2014 3:32:54 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Russell 2000 has been a strong index for many months, but since Feb a trend shift triggered while the majority is stuck watching Dow & SPX print new all time highs. I wonder how many have noticed SPX printing all time highs and then turning red for the year. A lot of turbulence at this height... The risk on camp (bulls) is struggling, choose your side carefully.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mnandii
#2524 Posted : Tuesday, April 08, 2014 9:37:02 AM
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Joined: 10/11/2006
Posts: 2,304


Wave [3] = 1.618 X Wave [1]

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.
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mnandii
#2525 Posted : Tuesday, April 08, 2014 10:29:37 AM
Rank: Elder

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Posts: 2,304
Appears the BIG sell off is due.
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.
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mnandii
#2526 Posted : Tuesday, April 08, 2014 10:36:19 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
I expect EURUSD to drop strongly down from current levels.
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.
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hisah
#2527 Posted : Tuesday, April 08, 2014 10:41:27 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
mnandii wrote:
I expect EURUSD to drop strongly down from current levels.

Indeed a nice selloff is setting up smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mnandii
#2528 Posted : Tuesday, April 08, 2014 12:19:01 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
hisah wrote:
mnandii wrote:
I expect EURUSD to drop strongly down from current levels.

Indeed a nice selloff is setting up smile

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.
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mnandii
#2529 Posted : Tuesday, April 08, 2014 12:21:24 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
Confidence that we are on the right track should increase once 1.3736 level is overtaken to the downside. Since this move should be a third wave any lazy moves downward will warn us to re-assess the situation.

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.
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hisah
#2530 Posted : Tuesday, April 08, 2014 5:51:53 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
mnandii wrote:
Confidence that we are on the right track should increase once 1.3736 level is overtaken to the downside. Since this move should be a third wave any lazy moves downward will warn us to re-assess the situation.


EURUSD has raced to 1.3800 and taken out stops just as expected. Selling should now show up.

GBPUSD just like EURUSD has taken out stops at 1.6700 and 1.6750. I expect selling to now kick in.

Short GBPUSD@1.6749 and EURUSD@1.3797. These are fast trades. Looking for a quick 20 - 40pips.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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