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Realities of Forex Investment
mnandii
#3281 Posted : Monday, October 05, 2015 2:23:47 PM
Rank: Elder

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


Gold is taking on the dropping pattern we anticipated.
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.
mnandii
#3282 Posted : Sunday, October 11, 2015 2:29:20 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
The Wave patterns in the Forex market that I follow are surprisingly quite clear. Good people, trade these patterns (they have the best Risk:Reward), make money and send me 1/3 rd of your winnings. 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.
mnandii
#3283 Posted : Sunday, October 11, 2015 2:38:45 PM
Rank: Elder

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



Expecting a strong 1100 pip move to 1.0160s in the course of a month or so. Sell at current levels with a tight SL at 1.1388.
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.
mnandii
#3284 Posted : Sunday, October 11, 2015 2:50:40 PM
Rank: Elder

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



Expecting a 1800 pip drop in the course of a month to 166.00s . Go Short with a SL at 184.85
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.
mnandii
#3285 Posted : Sunday, October 11, 2015 3:00:02 PM
Rank: Elder

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



Expecting at least 600 pip drop in this within a month. Go Short with a tight SL at 0.7365.
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.
mnandii
#3286 Posted : Sunday, October 11, 2015 3:09:44 PM
Rank: Elder

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



Still completing wave 2. Once wave 2 completes I'll advice we go short targeting at least 4000 pips with a SL at 1.5930 being the wave (2) high.
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.
mnandii
#3287 Posted : Sunday, October 11, 2015 3:15:03 PM
Rank: Elder

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



Go short at current levels targeting about 760 pips to 129.30s. SL at 136.96.

This is quite nice because it is thrusting from a triangle.
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.
beesknees
#3288 Posted : Sunday, October 11, 2015 6:49:35 PM
Rank: Hello

Joined: 12/27/2013
Posts: 7
Location: Nairobi
mnandii wrote:
beesknees wrote:
mnandii wrote:


Great analysis, thanks for sharing.

do you have any online resources you would recommend on the Elliott wave theory?

Have you traded USDZAR pair? What's your take on it?


Thanks. You can download the 'Elliott Wave Principle - Key to Market Behaviour' pdf book. Just google and you'll get it.

Also google [Elliott+Wave+Educational+Video+Series]

NB: I don't want to appear to recommend piracy..


Got the study material. Great stuff, thanks.
beesknees
#3289 Posted : Sunday, October 11, 2015 7:54:05 PM
Rank: Hello

Joined: 12/27/2013
Posts: 7
Location: Nairobi
mnandii wrote:
mnandii wrote:


Gold is taking on the dropping pattern we anticipated.


Looking at the 1hr chart, I see gold has gone beyond the 1156 level you talked about in the video therefore making wave 2 longer than wave 1. Here's the link.

https://www.tradingview.com/x/HhCsqd9E/

Is the short trade still on?
mnandii
#3290 Posted : Tuesday, October 13, 2015 5:54:29 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
Ok good people. We have about 200 pips in GBPJPY, AUDUSD is about to crash more downward, EURUSD must surely have taken you out (but, as we said, the risk was small).



Here is GBPUSD short Term Chart. Correction for wave 2 continues. However, we can go long presently or at about 1.5166 (if it gets there). The point is, with about a 120 pip risk versus a potential 430 pip profit I say go long! Wave 2 expected to end near [ iv ].

NB: SL at 1.5100
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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