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Realities of Forex Investment
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lochaz-index
#3831 Posted : Wednesday, January 08, 2020 12:40:36 PM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
mnandii wrote:


GOLD has hit the upper trend channel in wave (Y) of [B].

Are you ready to SHORT?

@hisah?

Gold will go below $1000, the wave [A] low.

Geopolitical tensions have been overplayed. Looking for short positions on gold at about $1475 and oil at $70pb.
The main purpose of the stock market is to make fools of as many people as possible.
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lochaz-index
#3832 Posted : Wednesday, January 08, 2020 12:42:44 PM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
mnandii wrote:
murchr wrote:
Where are you guys?


We are back! Or rather, I am back.
The markets are offering tantalizing opportunities this year

Very much so. Seems like a make or break year on many fronts.
The main purpose of the stock market is to make fools of as many people as possible.
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mnandii
#3833 Posted : Wednesday, January 08, 2020 4:19:19 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
Long GBPUSD at 1.3110 with SL at 1.3050. Targeting at least 400 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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mnandii
#3834 Posted : Friday, January 10, 2020 9:26:36 AM
Rank: Elder

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


EURUSD should rise in wave B of (2).
You can trade long with SL at 1.1092 and target 1.1270s
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
#3835 Posted : Thursday, January 30, 2020 3:48:58 PM
Rank: Elder

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


I expect GBPUSD to complete the bearish triangle abcde at 1.3130s then fall. A trade can be taken with low risk at 1.3130s with a tight Stop Loss at 1.3170 and target at least 600 pips down.
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
#3836 Posted : Thursday, January 30, 2020 3:56:36 PM
Rank: Elder

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


This pair is in wave [ c ] of an expended flat. So I expect a strong move down to 106.00s .

In the meantime USDJPY should fall to 108.60, then rise to at least 109.65 then FALL some 350 pips towards/below 106.00s.

Keep this scenario in mind as you trade the pair.
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
#3837 Posted : Thursday, January 30, 2020 3:58:43 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
Gold should offer some 2000 pips on a SHORT trade over a period of a month or so.
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
#3838 Posted : Thursday, January 30, 2020 4:06:11 PM
Rank: Elder

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



SHORT any rise with your Stop Loss at 1611.50 and target at least 1800 pips (wave 3 shown with the white trend line).
NB. This is a slightly long term play so target at least 1 month with it.
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
#3839 Posted : Thursday, January 30, 2020 4:17:56 PM
Rank: Elder

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


Wave (2) in EURUSD may already have bottomed at 1.0990 . If you take a LONG trade and it goes below this level then you can take another at a lower level but now with a firmly set Stop loss at 1.0878.

With this LONG trade target a rise of at least 900 pips in the course of a month or so. That should cover wave (3), the white trend line.
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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kingfisher
#3840 Posted : Wednesday, February 05, 2020 2:13:53 PM
Rank: Elder

Joined: 4/9/2008
Posts: 2,824
What's the best online forex platform for Kenyan traders. I would like to join on a small scale
When I have money, I get rid of it quickly, lest it find a way into my heart.
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