Wazua
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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Pls be aware that wave 2 in GBPUSD could be complete at 1.5500. Raise Stop to 1.5413 to lock in about 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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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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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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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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hisah wrote:mnandii wrote: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. Indeed. The weekly is lying to the bulls. Strong selling coming up! Euro taking it in the chin. ECB rate meeting smashing the euro bulls.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: New-farer Joined: 6/30/2014 Posts: 86 Location: nairobi
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hisah wrote:hisah wrote:mnandii wrote: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. Indeed. The weekly is lying to the bulls. Strong selling coming up! Euro taking it in the chin. ECB rate meeting smashing the euro bulls. demo account wiped out.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Retails still buying into the oversold euro. Deer in headlights moment. The USD index chart pattern clearly warns not to stand infront of the USD charge. Shorting the $ is dangerous as the rally resumes. They'll be time to short the dollar when this one sided rally ends. For now follow the overall trend. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 1/13/2012 Posts: 139
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mnandii wrote: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.  ANy particular time frames, as a day trader I tend to take home my winings unless there is a clear trend setup in a daily pattern and my entry is almost perfect. What time frames do you look for and what other technicals do you look at?
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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hisah wrote:Retails still buying into the oversold euro. Deer in headlights moment. The USD index chart pattern clearly warns not to stand infront of the USD charge. Shorting the $ is dangerous as the rally resumes. They'll be time to short the dollar when this one sided rally ends. For now follow the overall trend. Last week's low taken out. On the monthly scope the EUR$ aims for 1.04 or lower.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 3/23/2011 Posts: 304
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hisah wrote:hisah wrote:Retails still buying into the oversold euro. Deer in headlights moment. The USD index chart pattern clearly warns not to stand infront of the USD charge. Shorting the $ is dangerous as the rally resumes. They'll be time to short the dollar when this one sided rally ends. For now follow the overall trend. Last week's low taken out. On the monthly scope the EUR$ aims for 1.04 or lower. And with NFP coming in better than expected (271k vs 181k) US Fed Hike looks to be firmly set for December. $ bulls about to flex their muscles. @Hisah @Mnandii great calls on the Euro$ short. Been a great ride down from 1.13 You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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alutacontinua wrote:hisah wrote:hisah wrote:Retails still buying into the oversold euro. Deer in headlights moment. The USD index chart pattern clearly warns not to stand infront of the USD charge. Shorting the $ is dangerous as the rally resumes. They'll be time to short the dollar when this one sided rally ends. For now follow the overall trend. Last week's low taken out. On the monthly scope the EUR$ aims for 1.04 or lower. And with NFP coming in better than expected (271k vs 181k) US Fed Hike looks to be firmly set for December. $ bulls about to flex their muscles. @Hisah @Mnandii great calls on the Euro$ short. Been a great ride down from 1.13  Poa bro. 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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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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A sharp USD rally is never a good signal for global equities. Sharp selloff ahead. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Wazua
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Realities of Forex Investment
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