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Realities of Forex Investment
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mnandii
#3331 Posted : Tuesday, December 15, 2015 7:52:10 PM
Rank: Elder

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


A major BULLISH move is developing in GBPUSD with targets of either 500 pips or failure of that the next target is >1100 pips as shown by the blue lines. I suggest going long at 1.5000 level or slightly below that with a SL at 1.4890.
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
#3332 Posted : Wednesday, December 16, 2015 8:50:17 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
EURUSD Forecast from Elliott Wave International
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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hisah
#3333 Posted : Wednesday, December 16, 2015 4:59:05 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Consensus reads 76% for a Federal fund rate hike! If the Fed doesn't hike the rate expect crazy volatility this week. Whichever way things pan out there is very high probability that volatility will be high in Jan 2016.

Gold is rallying a similar way it did on Dec 11. This won't end well for the longs!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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dunkang
#3334 Posted : Wednesday, December 16, 2015 10:35:35 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
A hike of 0.25% it is.
Receive with simplicity everything that happens to you.” ― Rashi

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hisah
#3335 Posted : Tuesday, December 22, 2015 2:17:35 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Next year the awesome trade will be selling pounds. Since 2014 the pound selling is gathering momentum.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ceinz
#3336 Posted : Monday, January 04, 2016 7:53:13 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Ceinz wrote:
Ceinz wrote:
1300 pip move in USDCHF,

IMHO you don't stop a moving train, clever is to ride along:: the train is this dollar bull.

So here we got this pair, on the monthly (this is a big chart), so may be can take about 3 months



On the monthly, I spot a double bottom .7078 & .8275, currently price dancing about parity(which is slightly above 23
fibo retracement of the move 1.8230 -0.7078)

My expectation: price move from current level (Parity) to about 1.1360, which is 38 fibo retracement of the above move.

Plan: Build up positions on retracements and take profits on sufficient up move, enjoy


Dollar still reigns, pays to follow the trend just like Hisah is calling out on that EU short. Time for shorting the dollar will come, but not now, and may be not this year.


Guess I was overly optimistic, Prices generally consolidated, but seems like was building momentum.

On my radar as we start the year is this pair and EU, my expectation is still strong dollar vs these two.

Enjoy your trades, happy 2016.
“small step for man”
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¿
#3337 Posted : Friday, January 15, 2016 10:14:57 AM
Rank: Member

Joined: 6/4/2015
Posts: 604
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mnandii
#3338 Posted : Sunday, January 17, 2016 11:51:51 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
GBPJPY has fallen to a level I predicted a month ago. Expecting a rally now.
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
#3339 Posted : Sunday, January 17, 2016 11:55:58 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
My earlier outlook for a bull run in GU did not work out. However, this one below should.



Unless 1.4033 (the red line) is broken, I expect GU to rally strongly for at least 2000 pips (the two blue lines) in wave (2).

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
#3340 Posted : Sunday, January 17, 2016 12:03:43 PM
Rank: Elder

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


Expecting Gold to drop to 1030.92 in wave (b).
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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