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Realities of Forex Investment
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Ceinz
#3201 Posted : Thursday, July 16, 2015 5:05:28 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Ceinz wrote:
mnandii wrote:
Ceinz wrote:
Im short EU @ 1 lot, targeting 1.07's


My wave count suggests that EU shld rise strongly soon. We'll see. smile


Thanks for the concern. Taking half of my position now 1.0895, still convinced that the down move is not completed.


Trade fully exited.smile
“small step for man”
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mnandii
#3202 Posted : Friday, July 17, 2015 4:57:14 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
Ceinz wrote:
Ceinz wrote:
mnandii wrote:
Ceinz wrote:
Im short EU @ 1 lot, targeting 1.07's


My wave count suggests that EU shld rise strongly soon. We'll see. smile


Thanks for the concern. Taking half of my position now 1.0895, still convinced that the down move is not completed.


Trade fully exited.smile


Nice one @ceinz

If 1.0820 level is taken out I will have to re-evaluate this EURUSD.
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
#3203 Posted : Friday, July 17, 2015 4:58:54 PM
Rank: Elder

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



Gold is doing wonders. smile

@KYT ?
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
#3204 Posted : Friday, July 17, 2015 5:18:24 PM
Rank: Elder

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



GBPJPY. Looking to buy soon (by end of next week or so).

Above is long term chart (weekly).

Below is short term chart.

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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TNT
#3205 Posted : Friday, July 17, 2015 6:26:08 PM
Rank: Member

Joined: 5/22/2009
Posts: 206
mnandii wrote:
mnandii wrote:
SELL GOLD!



Gold is doing wonders. smile

@KYT ?


I think that's the end of the bear run. I'll go long with a SL at 1118 and a TP at 1280 (Play the Expanded Flat Correction)
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TNT
#3206 Posted : Friday, July 17, 2015 6:29:12 PM
Rank: Member

Joined: 5/22/2009
Posts: 206
mnandii wrote:



GBPJPY. Looking to buy soon (by end of next week or so).

Above is long term chart (weekly).

Below is short term chart.



I'm already Short: SL 195.85, TP 182.639 (Playing the Zig-zag Correction)
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hisah
#3207 Posted : Friday, July 17, 2015 6:30:51 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
TNT wrote:
mnandii wrote:
mnandii wrote:
SELL GOLD!



Gold is doing wonders. smile

@KYT ?


I think that's the end of the bear run. I'll go long with a SL at 1118 and a TP at 1280 (Play the Expanded Flat Correction)

@TNT you will be taken to the cleaners if you go long. But if determined to do so, all the best as @mnandii and myself take your money on the opposite side. A time to go long will come, but not this year.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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TNT
#3208 Posted : Friday, July 17, 2015 6:44:10 PM
Rank: Member

Joined: 5/22/2009
Posts: 206
hisah wrote:
TNT wrote:
mnandii wrote:
mnandii wrote:
SELL GOLD!



Gold is doing wonders. smile

@KYT ?


I think that's the end of the bear run. I'll go long with a SL at 1118 and a TP at 1280 (Play the Expanded Flat Correction)

@TNT you will be taken to the cleaners if you go long. But if determined to do so, all the best as @mnandii and myself take your money on the opposite side. A time to go long will come, but not this year.


My system says I go long, so I'll do what it says. Anyway, may the pips be with you. smile
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hisah
#3209 Posted : Friday, July 17, 2015 7:15:15 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
TNT wrote:
hisah wrote:
TNT wrote:
mnandii wrote:
mnandii wrote:
SELL GOLD!



Gold is doing wonders. smile

@KYT ?


I think that's the end of the bear run. I'll go long with a SL at 1118 and a TP at 1280 (Play the Expanded Flat Correction)

@TNT you will be taken to the cleaners if you go long. But if determined to do so, all the best as @mnandii and myself take your money on the opposite side. A time to go long will come, but not this year.


My system says I go long, so I'll do what it says. Anyway, may the pips be with you. smile

My argument is based on the long term timeframes. If basing your argument on the short term timeframes, longs favoured but for a day or two. Tuesday or Wednesday will be a down day.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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kyt
#3210 Posted : Saturday, July 18, 2015 9:52:43 AM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
mnandii wrote:
mnandii wrote:
SELL GOLD!



Gold is doing wonders. smile

@KYT ?

Oil is better shorting since 60.
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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