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Realities of Forex Investment
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mnandii
#3131 Posted : Saturday, March 28, 2015 10:45:49 AM
Rank: Elder

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


$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.




Quite a rare pattern this. The (i)(ii)(iii)(iv)(v) wave pattern is called an expanding leading diagonal. It suggests a very prolonged third wave down for $JPY. However, first the corrective process.

Wave [i] is complete at 118.30 level. We expect a three wave move (a) (b) (c) and as suggested by wave (a) it is likely to be an expanded flat (another evidence for a prolonged drop in $JPY).

So, be on the lookout to take advantage of the (c) wave up (shld reach 121.20s). When (c) completes you turn bear and ride the third wave down (an Elliottician's dream)!
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
#3132 Posted : Saturday, March 28, 2015 5:50:49 PM
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Joined: 10/11/2006
Posts: 2,304


GBPJPY. A 400 pip move above 181 expected 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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Ceinz
#3133 Posted : Wednesday, April 01, 2015 6:46:28 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
I hereby reverse my earlier sentiments on USD weakening, looking at the charts seems like the dollar strength will still continue. In the coming weeks I will be long the dollar against Pound, CHF, YEN etc
“small step for man”
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Ceinz
#3134 Posted : Sunday, April 12, 2015 10:28:40 AM
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Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Ceinz wrote:
I hereby reverse my earlier sentiments on USD weakening, looking at the charts seems like the dollar strength will still continue. In the coming weeks I will be long the dollar against Pound, CHF, YEN etc


Quite some volatily in the past two weeks, but atleast a prediction I made last week but one holding ground, still carrying on with this plan.
“small step for man”
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hisah
#3135 Posted : Tuesday, April 14, 2015 3:33:06 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
mnandii wrote:
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.



The gold decent resumes. I expect 1100 handle to be tested and broken in coming weeks. Before heading to 1000 level. Very weak and bearish and as long as shanghai and hang seng and BSE are embarking on a rally phase, gold will continue weakening as asia piles into equities.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ceinz
#3136 Posted : Wednesday, April 22, 2015 10:01:21 AM
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Posts: 1,032
Location: Sea of Transquility
CHF/JPY Looks set to soar, now at 125s, Should kiss 130 by close of next week (500 Pips).
“small step for man”
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  | | Edit by user: Wednesday, April 22, 2015 11:31 AM | Reason: Not specified
mnandii
#3137 Posted : Thursday, May 07, 2015 8:10:49 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
I am looking for gold to fall sharply below $1161 within today and tomorrow.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#3138 Posted : Thursday, May 07, 2015 8:13:18 AM
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Joined: 10/11/2006
Posts: 2,304
Also a fall in AUD$ below 0.7740.
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
#3139 Posted : Thursday, May 07, 2015 10:06:55 AM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Ceinz wrote:
CHF/JPY Looks set to soar, now at 125s, Should kiss 130 by close of next week (500 Pips).


Now @ 130s still got miles to cover to the north.
“small step for man”
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mnandii
#3140 Posted : Thursday, May 07, 2015 2:49:19 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
GBPJPY bought at 181.20. Targeting 200 pips about.
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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