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Realities of Forex Investment
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hisah
#3121 Posted : Saturday, March 21, 2015 8:16:07 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Wow! Such 'steely' strength by EA ccys. Unsustainable such strength. The euro will recover all these losses.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mnandii
#3122 Posted : Saturday, March 21, 2015 12:01:56 PM
Rank: Elder

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

My expectations for next week:

$JPY should rise strongly.

GBPJPY should drop strongly.

EURGBP should drop strongly.

AUD$ should drop strongly (thrust from a triangle).

GBP$ should rise to about 1.5400 level before turning down strongly.

Best.
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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Ceinz
#3123 Posted : Saturday, March 21, 2015 1:02:52 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
mnandii wrote:


$JPY should rise strongly.

GBPJPY should drop strongly.

GBP$ should rise to about 1.5400 level before turning down strongly.



Shame on you

$JPY should rise strongly. (Means Yen is weakening)
GBP$ should rise to about 1.5400 level before turning down strongly. (Means you expect the pound to pull back (strengthen))

If the above two hold, then

GBPJPY should rise and not drop.

“small step for man”
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Ceinz
#3124 Posted : Saturday, March 21, 2015 1:14:13 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Ceinz wrote:
hisah wrote:


Daily close dojis on $CHF, $JPY and $ index (DXY) at overbought levels warn of a looming correction on the $ strength.


True dat, and already now the Benjamin's hinting to loosing strength. If this plays out then USDCHF & UJ will be nice short candidates.Drool


This seems to be working, took some shorts on USDCHF @ 0.9900. If it pulls back, I intend to add shorts @ c. 0.985 and target 0.92's
“small step for man”
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mnandii
#3125 Posted : Monday, March 23, 2015 7:39:46 AM
Rank: Elder

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


$JPY should rise strongly.

GBPJPY should drop strongly.

GBP$ should rise to about 1.5400 level before turning down strongly.



Shame on you

$JPY should rise strongly. (Means Yen is weakening)
GBP$ should rise to about 1.5400 level before turning down strongly. (Means you expect the pound to pull back (strengthen))

If the above two hold, then

GBPJPY should rise and not drop.



Am long $JPY at 119.80 SL 119.27; Long GBPJPY at 179.13 SL 178.81; Long GBP$ at 1.4923 SL 1.4910. Have a good start to the week 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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mnandii
#3126 Posted : Friday, March 27, 2015 7:11:05 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
Gold Chart. A significant drop to $961 coming 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
#3127 Posted : Saturday, March 28, 2015 9:31:21 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
mnandii wrote:
Gold Chart. A significant drop to $961 coming soon.




As stated earlier in above post and chart, I expect gold to fall strongly in a third wave. Below is the 15 min chart. Wave 'i' appears to be in place. Next week I expect a correction to 1213.83 levels before the sharp drop starts. We will review if gold exceeds 1220.15. Gdday

NB: Basically, if we go short gold next week we put our SL at 1220.15.

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
#3128 Posted : Saturday, March 28, 2015 10:07:48 AM
Rank: Elder

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


EURUSD 30 min chart. A move above 1.1048 is expected in the coming week before a fall in a corrective process. The pattern is called contracting leading diagonal. NB: Since wave '3' is shorter than wave '1', we don't expect wave '5' to be longer than wave '3' hence the red line. The rule is wave three can NEVER be shorter than BOTH wave one and wave five.
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
#3129 Posted : Saturday, March 28, 2015 10:21:59 AM
Rank: Elder

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


$JPY. A five wave move comprising wave [A] is complete. Next, we expect a three wave corrective process i.e a very large drop in the pair. Detailed analytics coming.
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
#3130 Posted : Saturday, March 28, 2015 10:33:37 AM
Rank: Elder

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


EURUSD 30 min chart. A move above 1.1048 is expected in the coming week before a fall in a corrective process. The pattern is called contracting leading diagonal. NB: Since wave '3' is shorter than wave '1', we don't expect wave '5' to be longer than wave '3' hence the red line. The rule is wave three can NEVER be shorter than BOTH wave one and wave five.




NB: For E$ you shld be able to buy at 1.0858 with a SL at 1.0800 and aim for 200 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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