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Realities of Forex Investment
lochaz-index
#3871 Posted : Monday, May 04, 2020 8:09:19 AM
Rank: Veteran

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


Fellow traders, USDJPY has started the move UP. Look for opportunities to be LONG with your SL at 106.30

Currently shorting AUDJPY. Will check out this cross as well.
The main purpose of the stock market is to make fools of as many people as possible.
mnandii
#3872 Posted : Thursday, May 07, 2020 12:53:26 PM
Rank: Elder

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


Fellow traders, USDJPY has started the move UP. Look for opportunities to be LONG with your SL at 106.30

Currently shorting AUDJPY. Will check out this cross as well.

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
#3873 Posted : Thursday, May 07, 2020 12:58:08 PM
Rank: Elder

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


USDJPY. The bottom of wave B has been elusive but I maintain a bullish bias. I now target 105.20 as the point from which the upward move should start. 105.20 is the Fibonacci 61.8% retracement of wave A.
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
#3874 Posted : Monday, May 11, 2020 7:46:42 AM
Rank: Elder

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


Gold should rise in a minute wave [iii] with a target of 1825 or thereabouts.
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
#3875 Posted : Friday, May 29, 2020 12:11:32 PM
Rank: Elder

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


Expecting EURUSD to climb upwards of 1.2760 in wave 3 in the coming month.

I'm on the opposite side of this one. Expecting it to tank below parity as European economic problems come to the fore.




Really sweated out, waiting for the rise. It is now rising. 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
#3876 Posted : Friday, May 29, 2020 12:15:01 PM
Rank: Elder

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


Look to go LONG USDJPY. Target at least 700 pips at about 115.00
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
#3877 Posted : Tuesday, June 09, 2020 11:39:36 AM
Rank: Elder

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


This the weekly chart of the USDJPY pair. The triangle formation is in progress where I expect a wave (D)rally to about 113.40. It is best to be long and target these 600 pips with a Stop Loss at 105.92
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
#3878 Posted : Tuesday, June 09, 2020 11:47:42 AM
Rank: Elder

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


EURUSD 1H chart. The pair is falling in wave [iv] which should bottom at about 1.1187. Thence a rally. Be prepared to bank 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.
mnandii
#3879 Posted : Tuesday, June 09, 2020 11:54:05 AM
Rank: Elder

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


GBPUSD 4H chart. Has fallen in a wave iv. Expect a rally to target 1.2900s.
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
#3880 Posted : Tuesday, June 09, 2020 12:41:14 PM
Rank: Elder

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

GOLD. Monthly Chart.
Expecting one FINAL move above 1763 then we start a strong move 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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