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Realities of Forex Investment
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hisah
#2981 Posted : Monday, October 06, 2014 3:43:18 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
USDZAR has been a nice trading pair since 2013.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2982 Posted : Wednesday, October 08, 2014 3:54:14 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Top executive at British bank is
first person in UK to be convicted of trying to fix Libor rates - but he and bank can not
be named

Did that GBP futures sellside since June know something?

The confessions are getting started...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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alutacontinua
#2983 Posted : Thursday, October 09, 2014 8:54:42 AM
Rank: Member

Joined: 3/23/2011
Posts: 304
Def disconnect in the markets......can someone/anyone explain why stocks rallying as IMF cuts forecasts and FED concerned about global growth?????

Dovish comments from the FED minutes sending the USD to a 2 week low. (Concerns also of corporate earnings being affected by high USD just before releases start coming in Shame on you )

DXY bearish trendline still intact and am thinking USD bulls will be looking to reaffirm their positions at 81.50 (previous major resistance). On the sidelines till the dust settles

@mnandii trailing stop on GBPJPY got hit yesterday @174.50 for 272 pips from the 1st of the month. Taking a wait and see approach into next week as i still think theres some room to move lower towards 170 level.
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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hisah
#2984 Posted : Thursday, October 09, 2014 7:25:35 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Gold is beginning to look interesting. If it dips to 1050-1100 that should trigger a trend shift for a major bottom to challenge 1350-1450 resistance forest.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mnandii
#2985 Posted : Friday, October 10, 2014 9:06:42 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
Am short E$ at 1.2698 SL 1.2716. Target about 50 pips
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
#2986 Posted : Friday, October 10, 2014 12:59:04 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
SPX hanging on a shoe string as it battles to close the weekly candle inside the rising wedge lower channel which dates from Oct 2012. Recent rising wedge breakdown happened on the EUR$ and since that Sept 2014 break, the euro has been sold hard.

Meanwhile oil (WTI and Brent) continue taking it in the chin as expect. WTI still on course to hit target at $80.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Friday, October 10, 2014 1:07 PM | Reason: Not specified
mnandii
#2987 Posted : Friday, October 10, 2014 3:03:14 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
mnandii wrote:
Am short E$ at 1.2698 SL 1.2716. Target about 50 pips

Target achieved. 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
#2988 Posted : Friday, October 10, 2014 3:05:34 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
hisah wrote:
SPX hanging on a shoe string as it battles to close the weekly candle inside the rising wedge lower channel which dates from Oct 2012. Recent rising wedge breakdown happened on the EUR$ and since that Sept 2014 break, the euro has been sold hard.

Meanwhile oil (WTI and Brent) continue taking it in the chin as expect. WTI still on course to hit target at $80.

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
#2989 Posted : Saturday, October 11, 2014 7:39:02 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
Ok guys! Be ready next week. I'll attempt to make you a millionaire (if you want to smile ). Action will be exclusively on E$ at 5 min time frame ( the market is moving fast, so a shorter time frame is recommended (Elliott wave principle)). It should also be a time for you to gauge the effectiveness of Elliott Wave Model.



So far E$ has moved up (to 1.2791 level) in 3 waves from the 1.2500 low. This is important because we now know with certainity ( 99.8% confidence) that E$ is going to drop below 1.2500 soon. Also that E$ will not go to 1.2791 anytime BEFORE going below 1.2500.

From the 1.2791 high to current level of 1.2605 is best counted as an impulse wave. So next week we expect E$ to rise in three waves to a level below 1.2791 before falling mightily. That's where we expect to make our bucks.

Best. mnandii.
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
#2990 Posted : Monday, October 13, 2014 6:44:09 AM
Rank: Elder

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


E$ short at 1.2686 SL 1.2706 TP about 85 pips away
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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