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Realities of Forex Investment
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mnandii
#3001 Posted : Tuesday, October 14, 2014 1:43:21 PM
Rank: Elder

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


Eventually something gotta give. E$ sell at 1.2725 SL 1.2768. Aiming for a move below 1.2500.




Out with 70 pips. Will re-enter a short on completion of wave (iv) at about 1.2689.
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
#3002 Posted : Tuesday, October 14, 2014 1:52:36 PM
Rank: Elder

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


Eventually something gotta give. E$ sell at 1.2725 SL 1.2768. Aiming for a move below 1.2500.




Out with 70 pips. Will re-enter a short on completion of wave (iv) at about 1.2689.

Note that wave (iii) is FIB. 2.618 X wave (i).
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
#3003 Posted : Wednesday, October 15, 2014 7:17:25 AM
Rank: Elder

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


Managed 23 pips more on a move to downside.

E$ should not move below 1.2500 as I had suggested earlier. From the structure of the wave pattern above, E$ is likely forming a leading diagonal. A leading diagonal is a five wave pattern where all the sub-waves are threes.

So we expect E$ to bottom at about 1.2564 then turn sharply upward and above 1.2800. That would be more than 300 pips. Drool Drool
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
#3004 Posted : Wednesday, October 15, 2014 11:12:46 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Brent and WTI have been sold to the dogs this month catching many on the wrong foot as depicted by the sizable selloff as bulls swiftly close positions as critical support levels crater.

Many oil producing economies that had planned their national budgets with oil priced at an average of $95 will definitely get a revenue shaving. On the firing line Venezuela, Nigeria, Ghana and small producing nations will end up with ugly current account deficits. Those currencies will crater vs the strengthening USD in yet another selloff round...

Has someone unleashed the oil weapon?

** When prices of most commodities collapse as witnessed this year something is about to snap in the financial markets! Derivatives are blinking red... **

Between now and the next US πρόεδρος or 总裁 selection I believe a larger correction will be unleashed!

The encrypted word can be translated to get the meaning...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ceinz
#3005 Posted : Wednesday, October 15, 2014 3:57:02 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
He he he! gotta love the beautiful currency moves. Gu so far played by the book, and now at support but bear to resume.
For now that gold is a long, no doubt about that.
And yen is just crazy, I don't trust that fall. I expect next week and the one after to be bull.
“small step for man”
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hisah
#3006 Posted : Friday, October 17, 2014 7:53:45 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Ceinz wrote:
He he he! gotta love the beautiful currency moves. Gu so far played by the book, and now at support but bear to resume.
For now that gold is a long, no doubt about that.
And yen is just crazy, I don't trust that fall. I expect next week and the one after to be bull.

I like such crazy volatility. Whiplash markets easily expose the one trick traders/hedge funds/fund managers as they get knocked out. Volatility is a necessity to weed out weak hands that find it hard to stand a shakeout.

Strangely midterm bullish structure is still intact in equities unless they slide 20% or lower like a number of commodos. The recent vol spike in spx is similar to the spike back in Aug 2011. I expect equities to resume uptrend, test the highs and rump above in 2015.

Closed the Dow and FTSE shorts since objectives met - Dow went down more that my 1000pts target and FTSE also cratered below my 6200 target. Trades were active since Sept 23rd.

- GBP$ has played as expected.
- Oil (WTI) to has cratered to $80 target.
- JPY has been quite stubborn.
- Aussie and kiwi still weighed down by commodo bears.
- Gold if it can retest 1180, leak below to test 1080-1100 that's the time I can call it a long for a year... For now seems like a bounce until it breaks above 1400.

- Next big commodo trade is cocoa. Below 3000 handle is inviting sizable shorts.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ceinz
#3007 Posted : Saturday, October 18, 2014 8:21:33 AM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
hisah wrote:
Ceinz wrote:
He he he! gotta love the beautiful currency moves. Gu so far played by the book, and now at support but bear to resume.
For now that gold is a long, no doubt about that.
And yen is just crazy, I don't trust that fall. I expect next week and the one after to be bull.

I like such crazy volatility. Whiplash markets easily expose the one trick traders/hedge funds/fund managers as they get knocked out. Volatility is a necessity to weed out weak hands that find it hard to stand a shakeout.

Strangely midterm bullish structure is still intact in equities unless they slide 20% or lower like a number of commodos. The recent vol spike in spx is similar to the spike back in Aug 2011. I expect equities to resume uptrend, test the highs and rump above in 2015.

Closed the Dow and FTSE shorts since objectives met - Dow went down more that my 1000pts target and FTSE also cratered below my 6200 target. Trades were active since Sept 23rd.

- GBP$ has played as expected.
- Oil (WTI) to has cratered to $80 target.
- JPY has been quite stubborn.
- Aussie and kiwi still weighed down by commodo bears.
- Gold if it can retest 1180, leak below to test 1080-1100 that's the time I can call it a long for a year... For now seems like a bounce until it breaks above 1400.

- Next big commodo trade is cocoa. Below 3000 handle is inviting sizable shorts.


I'm long uj @ 106 .2 lots will add another .1 target around 109 by close of the month.
“small step for man”
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hisah
#3008 Posted : Thursday, October 23, 2014 7:37:42 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Swiss gold referendum holds risks for franc

Another referendum means volatility is coming to CHF just like GBP... Fantastic! That €CHF SNB peg @1.20 watch out for the fireworks smile

As usual, if you don't fancy volatility sit on your hands smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#3009 Posted : Tuesday, October 28, 2014 3:28:09 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Will be keenly watching USDJPY in NY session. Bullish if 108 handle doesn't breakdown. This will be a quick trade in order to avoid FOMC chopiness tomorrow.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ceinz
#3010 Posted : Tuesday, October 28, 2014 7:20:39 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
hisah wrote:
Will be keenly watching USDJPY in NY session. Bullish if 108 handle doesn't breakdown. This will be a quick trade in order to avoid FOMC chopiness tomorrow.


Ceinz wrote:
I'm long uj @ 106 .2 lots will add another .1 target around 109 by close of the month.


Still holding on my long trades, targeting 109s
“small step for man”
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