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Realities of Forex Investment
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hisah
#3651 Posted : Tuesday, March 28, 2017 5:35:46 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
karasinga wrote:
karasinga wrote:
hisah wrote:
karasinga wrote:
hisah wrote:
karasinga wrote:
considering short eurusd. squinting @1.0888

Caution with this pair. As I had mentioned earlier the scope to hit 1.08 - 1.10 is still likely then the big drop.

thanks mate. what on my chart

stop 1.0905... fingers closed. when you make money please buy me lunchsmile

Short term play is on the short side, but may be a bit tight. Keep tight stops. I don't trade short time frames so I take a while to trade as I wait for the weeklies to align - swing trading.

still observing PA. not convinced to engage. have a daily supply zone between 1.0955 and 1.0888. let us see how this play out


aim...then fire

@kasaringa, did you get in this trade? Very slow, but I think the 1.088 - 1.09 supply level will likely push the price down before bulls return for that final push above 1.10.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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karasinga
#3652 Posted : Tuesday, March 28, 2017 8:24:20 PM
Rank: Veteran

Joined: 2/26/2015
Posts: 1,147
hisah wrote:
karasinga wrote:
karasinga wrote:
hisah wrote:
karasinga wrote:
hisah wrote:
karasinga wrote:
considering short eurusd. squinting @1.0888

Caution with this pair. As I had mentioned earlier the scope to hit 1.08 - 1.10 is still likely then the big drop.

thanks mate. what on my chart

stop 1.0905... fingers closed. when you make money please buy me lunchsmile

Short term play is on the short side, but may be a bit tight. Keep tight stops. I don't trade short time frames so I take a while to trade as I wait for the weeklies to align - swing trading.

still observing PA. not convinced to engage. have a daily supply zone between 1.0955 and 1.0888. let us see how this play out


aim...then fire

@kasaringa, did you get in this trade? Very slow, but I think the 1.088 - 1.09 supply level will likely push the price down before bulls return for that final push above 1.10.

why not. still in
It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
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karasinga
#3653 Posted : Tuesday, March 28, 2017 8:27:32 PM
Rank: Veteran

Joined: 2/26/2015
Posts: 1,147
hisah wrote:
karasinga wrote:
hisah wrote:
hisah wrote:
hisah wrote:
Gold needs to close the month above 1280 to keep the bulls going.

Failed to close the month above 1280 handle. Bears still in control!

Bulls have recouped the losses from 1197 and are pushing back the bears strongly as month end approaches! 1280 barrier in focus. If bulls can break above 1325 handle, bears will start struggling!

have a strong conviction this is a bear country

It is until the monthly falling trend line is taken out. The breakout is saddled around 1325 - 1350 range. This hasn't happened since the top was set in Aug 2011. Keep this in mind. Such a breakout from a multi-year trendline cannot be ignored.

told you... please when are you buying me lunch. he he he.
Question: does this mean GOLD trading @ NSE will start off being bearish?
It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
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  | | Edit by user: Tuesday, March 28, 2017 8:30 PM | Reason: Not specified
karasinga
#3654 Posted : Tuesday, March 28, 2017 9:14:51 PM
Rank: Veteran

Joined: 2/26/2015
Posts: 1,147
karasinga wrote:
hisah wrote:
karasinga wrote:
karasinga wrote:
hisah wrote:
karasinga wrote:
hisah wrote:
karasinga wrote:
considering short eurusd. squinting @1.0888

Caution with this pair. As I had mentioned earlier the scope to hit 1.08 - 1.10 is still likely then the big drop.

thanks mate. what on my chart

stop 1.0905... fingers closed. when you make money please buy me lunchsmile

Short term play is on the short side, but may be a bit tight. Keep tight stops. I don't trade short time frames so I take a while to trade as I wait for the weeklies to align - swing trading.

still observing PA. not convinced to engage. have a daily supply zone between 1.0955 and 1.0888. let us see how this play out


aim...then fire

@kasaringa, did you get in this trade? Very slow, but I think the 1.088 - 1.09 supply level will likely push the price down before bulls return for that final push above 1.10.

why not. still in

what about something like this
It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
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hisah
#3655 Posted : Tuesday, March 28, 2017 9:16:09 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
karasinga wrote:
hisah wrote:
karasinga wrote:
hisah wrote:
hisah wrote:
hisah wrote:
Gold needs to close the month above 1280 to keep the bulls going.

Failed to close the month above 1280 handle. Bears still in control!

Bulls have recouped the losses from 1197 and are pushing back the bears strongly as month end approaches! 1280 barrier in focus. If bulls can break above 1325 handle, bears will start struggling!

have a strong conviction this is a bear country

It is until the monthly falling trend line is taken out. The breakout is saddled around 1325 - 1350 range. This hasn't happened since the top was set in Aug 2011. Keep this in mind. Such a breakout from a multi-year trendline cannot be ignored.

told you... please when are you buying me lunch. he he he.
Question: does this mean GOLD trading @ NSE will start off being bearish?

I thought I agreed that bears are still in control until that multi-year bear trend line is broken.

GLD at the NSE will head down since it tracks the gold spot price. In the etf thread I noted that it's been a fantastic 12 yrs for this etf. The return has been 461% over that period supported by a 12 year bullish trend line. Last March vol spike happened as the etf was making all time highs. Since then the bullish climb has stalled. High vol at high prices is usually a distribution move. The next thing to watch out for is that trend line break. If price closes below that trend line on the monthly period, that will be a classic trend change signal. I would wait to get into this etf until the path becomes clear. The drawback of this etf is it doesn't support shorting Sad
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Tuesday, March 28, 2017 9:17 PM | Reason: Not specified
karasinga
#3656 Posted : Tuesday, March 28, 2017 9:29:57 PM
Rank: Veteran

Joined: 2/26/2015
Posts: 1,147
hisah wrote:
karasinga wrote:
hisah wrote:
karasinga wrote:
hisah wrote:
hisah wrote:
hisah wrote:
Gold needs to close the month above 1280 to keep the bulls going.

Failed to close the month above 1280 handle. Bears still in control!

Bulls have recouped the losses from 1197 and are pushing back the bears strongly as month end approaches! 1280 barrier in focus. If bulls can break above 1325 handle, bears will start struggling!

have a strong conviction this is a bear country

It is until the monthly falling trend line is taken out. The breakout is saddled around 1325 - 1350 range. This hasn't happened since the top was set in Aug 2011. Keep this in mind. Such a breakout from a multi-year trendline cannot be ignored.

told you... please when are you buying me lunch. he he he.
Question: does this mean GOLD trading @ NSE will start off being bearish?

I thought I agreed that bears are still in control until that multi-year bear trend line is broken.

GLD at the NSE will head down since it tracks the gold spot price. In the etf thread I noted that it's been a fantastic 12 yrs for this etf. The return has been 461% over that period supported by a 12 year bullish trend line. Last March vol spike happened as the etf was making all time highs. Since then the bullish climb has stalled. High vol at high prices is usually a distribution move. The next thing to watch out for is that trend line break. If price closes below that trend line on the monthly period, that will be a classic trend change signal. I would wait to get into this etf until the path becomes clear. The drawback of this etf is it doesn't support shorting Sad

fair enough buddy. my bad, didnt concentrate.
.
kindly put your chart. will help see trendline you are referring to.
so sad shorting is not possible. who is willing to buy GLD @ NSE to hold as it heads south?...happy hunting.
It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
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  | | Edit by user: Tuesday, March 28, 2017 9:48 PM | Reason: Not specified
hisah
#3657 Posted : Wednesday, March 29, 2017 5:07:22 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977


Click here.

hisah wrote:
Long term cartoon.



461% return since Nov 2004 to date!!!

Still bullish for 12 years as per the bullish trend line. Any close below that multi-year trend line will be a nasty trend reversal signal.

Update: Note that we have heavy volume that checked in on Mar 4 2016 which has stalled the bullish momentum since then. Caution on this vol spike behaviour. As per VSA or price action it's not a nice signal when vol spike appears at a new high and any other attempt to set higher prices fails after that vol spike in weeks that follow! That's a classic distribution move! Near term support is 14000 handle and major support zone is 11500 - 13000 range. Last defense lies at 10000 handle.

Happy hunting smile


$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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karasinga
#3658 Posted : Wednesday, March 29, 2017 7:43:12 AM
Rank: Veteran

Joined: 2/26/2015
Posts: 1,147
hisah wrote:


Click here.

hisah wrote:
Long term cartoon.



461% return since Nov 2004 to date!!!

Still bullish for 12 years as per the bullish trend line. Any close below that multi-year trend line will be a nasty trend reversal signal.

Update: Note that we have heavy volume that checked in on Mar 4 2016 which has stalled the bullish momentum since then. Caution on this vol spike behaviour. As per VSA or price action it's not a nice signal when vol spike appears at a new high and any other attempt to set higher prices fails after that vol spike in weeks that follow! That's a classic distribution move! Near term support is 14000 handle and major support zone is 11500 - 13000 range. Last defense lies at 10000 handle.

Happy hunting smile



Thanks mate for update. Still learning how to incorporate trendline in my retail trading. let us pile pips.
It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
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karasinga
#3659 Posted : Wednesday, March 29, 2017 5:24:07 PM
Rank: Veteran

Joined: 2/26/2015
Posts: 1,147
karasinga wrote:
karasinga wrote:
hisah wrote:
karasinga wrote:
karasinga wrote:
hisah wrote:
karasinga wrote:
hisah wrote:
karasinga wrote:
considering short eurusd. squinting @1.0888

Caution with this pair. As I had mentioned earlier the scope to hit 1.08 - 1.10 is still likely then the big drop.

thanks mate. what on my chart

stop 1.0905... fingers closed. when you make money please buy me lunchsmile

Short term play is on the short side, but may be a bit tight. Keep tight stops. I don't trade short time frames so I take a while to trade as I wait for the weeklies to align - swing trading.

still observing PA. not convinced to engage. have a daily supply zone between 1.0955 and 1.0888. let us see how this play out


aim...then fire

@kasaringa, did you get in this trade? Very slow, but I think the 1.088 - 1.09 supply level will likely push the price down before bulls return for that final push above 1.10.

why not. still in

what about something like this

Fruits of my labour
It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
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  | | Edit by user: Wednesday, March 29, 2017 5:26 PM | Reason: Not specified
karasinga
#3660 Posted : Wednesday, March 29, 2017 6:02:22 PM
Rank: Veteran

Joined: 2/26/2015
Posts: 1,147
actually long audusd targeting around 0.78429
It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
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  | | Edit by user: Wednesday, March 29, 2017 8:56 PM | Reason: Not specified
396 Pages«<364365366367368>»
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