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Realities of Forex Investment
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mnandii
#2611 Posted : Saturday, May 03, 2014 6:08:13 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
Sufficiently Philanga....thropic wrote:
NFPs positive figure of 288k new jobs vs 192k in March and against a consensus of 210 will add impetus to a further weakening of the EUR$ pair from its March 3966 high. I'm positioning for a short once the dust settles. Aiming to bail at 3600 or thereabouts, about 250 or so pips.


Agreed. EUR$ sure looks to a big fall coming week.
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
#2612 Posted : Monday, May 05, 2014 5:08:45 AM
Rank: Elder

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

EUR$ shld drop to about 1.3833 to complete wave (D) of the triangle, then bounce up.
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
#2613 Posted : Tuesday, May 06, 2014 12:44:23 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
Update:
EUR$
Happy trading.
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
#2614 Posted : Thursday, May 08, 2014 6:50:56 PM
Rank: Elder

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

Following closely. We shld be having our major wave down to signal the downtrend.

GBPJY is also headed down. Happy pipping.
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
#2615 Posted : Monday, May 12, 2014 6:22:45 AM
Rank: Elder

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


GBPJPY shld be heading up above 173.45. The move down appears to be a zigzag combination.
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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  | | Edit by user: Monday, May 12, 2014 7:29 AM | Reason: Correction of interpretation.
mnandii
#2616 Posted : Monday, May 12, 2014 7:32:28 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
GBPJPY shld stay above 171.21 for our above interpretation to be valid. Gudday guys.
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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young124
#2617 Posted : Wednesday, May 14, 2014 10:38:49 PM
Rank: Hello

Joined: 5/14/2014
Posts: 1
My opinion is that people over rely on indicators. Most of the time one indicator tells you one thing while the other says something else. Instead i would advice you to observe the candles since they each tell you the mindset of the current market. I have been trading forex for the past 2 years. I hope to meet more like minded people in this country.
Visit www.campusviber.com. Kenyas new social network for forex traders. Share knowledge,tips and advice.
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mnandii
#2618 Posted : Thursday, May 15, 2014 10:11:25 PM
Rank: Elder

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


We now have a FLAT wave (w). EUR$ shld form either a Triangle or Zigzag for wave (x).
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
#2619 Posted : Tuesday, May 20, 2014 6:16:42 AM
Rank: Elder

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


1 HR


My preferred count on EUR$. I expect the pair to drop some more, possibly below 1.3647 level. Happy trading.
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
#2620 Posted : Tuesday, May 20, 2014 7:40:16 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
Caution:
There is a second scenario to the above (without changing the labelling). Wave (c) might not be complete. In this case we expect EUR$ to fall to 1.3699 level then move up strongly . This scenario will be rendered irrelevant IF EUR$ moves below 1.3690. Gudday.
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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