Wazua
»
Investor
»
Offshore
»
Realities of Forex Investment
Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
|
Potential 800pips on USDCHF Short, EURCHF Shorts Short EURUSD@1.4320 on candlestick confirmation Discipline & sticking to your strategy even when you loosing defines great traders.
|
|
|
Rank: New-farer Joined: 8/12/2010 Posts: 51 Location: Nairobi
|
really? what have they done again?..am not fx expert, but is taking a short at this time a good idea?
|
|
|
Rank: New-farer Joined: 8/12/2010 Posts: 51 Location: Nairobi
|
dave.kim wrote:i caught 178 pips.anyone else profit from that rally? i caught 450..but my demo caught almost all of it!!! still cant believe it
|
|
|
Rank: Member Joined: 6/25/2010 Posts: 176
|
Dmitry wrote:really? what have they done again?..am not fx expert, but is taking a short at this time a good idea? ndio nashangaa Rule No.1 is never lose money. Rule No.2 is never forget rule number one
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
QW25081985 wrote:hisah wrote:Anybody noticed the EURUSD has been in consolidation since May 2011 despite panic central. This sideways action has created a large triangle for months.
EURUSD has quietly fallen 400pips for the week since topping 1.45s. At the current spot 1.41 it is testing the lower triangle line.
When 1.4050 breaks down, the breakout plunge will be huge. Caution trading this pair until the triangle is resolved - up or down. This will comfirm if its time for euro bears or bulls to take control for the month.
Me thinks it'll be a sizable plunge from the EURCHF moves, down almost 600 pips for the week. the move that will come from there will be huge ...bt there's some heavy support on 200 ma on weekly chart. am still short with + 100 pips so far.target is at 200 ma on daily chart. it seems we are going to have a slow monday today coz of bank holiday in US As expected, EURUSD breaks out of the triangle with a 600pip plunge.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
|
hisah wrote:QW25081985 wrote:hisah wrote:Anybody noticed the EURUSD has been in consolidation since May 2011 despite panic central. This sideways action has created a large triangle for months.
EURUSD has quietly fallen 400pips for the week since topping 1.45s. At the current spot 1.41 it is testing the lower triangle line.
When 1.4050 breaks down, the breakout plunge will be huge. Caution trading this pair until the triangle is resolved - up or down. This will comfirm if its time for euro bears or bulls to take control for the month.
Me thinks it'll be a sizable plunge from the EURCHF moves, down almost 600 pips for the week. the move that will come from there will be huge ...bt there's some heavy support on 200 ma on weekly chart. am still short with + 100 pips so far.target is at 200 ma on daily chart. it seems we are going to have a slow monday today coz of bank holiday in US As expected, EURUSD breaks out of the triangle with a 600pip plunge. am loving this ...i have never seem 600 pip print on my meta trader.i hope e/u fall will make that dream come true...
|
|
|
Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
|
A small retrace to fib level of 38.2 % or from fridays close should be in order for euro dollar.
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
There is something interesting on the USD index. Last week the index brokeout of consolidation zone since April 2011 to Sept 8th. Coincidentally the EURUSD also looked the same, breaking out with a plunge thus making the USD index breakout bullish. The last time the USD index had a similar long consolidation was in Jan 2008 - Aug 2008. Look at how far the USD index went after that breakout. If followed to the letter then EURUSD will plunge to 1.24-1.25 - the gap zone. USDCHF upside violation of 0.8550 last week courtesy of SNB's manipulation machine, has broken the bear. I can see swiss carry trade for some weeks i.e. sell swiss vs any high yielding currency. USDJPY - This one will follow the USD index bull strength. Looking for longs & BOJ will also boost it. Yap, these days we have been reduced to trading the manipulation script. No mo fundies, they dont matter??!  In short I'll be long USDCHF/USDJPY. I'm still looking at USDZAR/USDSGD for long entries. AUDUSD/NZDUSD short entries. I think these pairs will see the most dollar squeeze. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
|
hisah wrote:There is something interesting on the USD index. Last week the index brokeout of consolidation zone since April 2011 to Sept 8th. Coincidentally the EURUSD also looked the same, breaking out with a plunge thus making the USD index breakout bullish. The last time the USD index had a similar long consolidation was in Jan 2008 - Aug 2008. Look at how far the USD index went after that breakout. If followed to the letter then EURUSD will plunge to 1.24-1.25 - the gap zone.USDCHF upside violation of 0.8550 last week courtesy of SNB's manipulation machine, has broken the bear. I can see swiss carry trade for some weeks i.e. sell swiss vs any high yielding currency. USDJPY - This one will follow the USD index bull strength. Looking for longs & BOJ will also boost it. Yap, these days we have been reduced to trading the manipulation script. No mo fundies, they dont matter??! In short I'll be long USDCHF/USDJPY. I'm still looking at USDZAR/USDSGD for long entries. AUDUSD/NZDUSD short entries. I think these pairs will see the most dollar squeeze. why do you call it the gap zone ...
|
|
|
Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
|
@Hisah I vindicate that post on eurusd, usdchf usdjpy. audusd n nzdusd as well Discipline & sticking to your strategy even when you loosing defines great traders.
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
@Qw - check out the EURUSD longterm chart & you'll see the gap up from 1.25 last year. Gaps always get filled. This one will be filled esp with the EMU looking likely to split up as decreed by god Zeus of greece land... Today the CHF cross to watch is EURCHF. It'll likely fall below 1.20 - the 'heavenly' fence erected by manipulation gods SNB last week. When that happens expect another brimstone attack on the CHF bulls. Then I'll be long USDCHF aiming 0.91 then 0.93. The USD index could push it thru parity in coming weeks. These are broken markets, just trade the manipulation script until all markets shutdown... Dependingon how Germany will wash off the sticky grease, eh greece scenario gold could explode to $2000... There have been margin hikes by CME to cool it down & its giving the paper money gods a nightmare  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
|
Market sentiment has taken some considerable steps backward overnight, as Moody’s downgraded the credit rating of 2 French banks, emphasizing the fears of debt crisis contagion within Europe. Credit Agricole was cut from Aa1 to Aa2, whilst Société Générale went from Aa2 to Aa3. Adding further worry to the outlook, Chinese PM Wen suggested that developed nations needed to cuts deficits and create jobs, rather than relying on China to bail out the world economy. -ACM. “small step for man”
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
Ceinz wrote:Market sentiment has taken some considerable steps backward overnight, as Moody’s downgraded the credit rating of 2 French banks, emphasizing the fears of debt crisis contagion within Europe. Credit Agricole was cut from Aa1 to Aa2, whilst Société Générale went from Aa2 to Aa3. Adding further worry to the outlook, Chinese PM Wen suggested that developed nations needed to cuts deficits and create jobs, rather than relying on China to bail out the world economy. -ACM. It's amazing that since April 2010 the euro has been on floating Ching buying rumours etc. I remember @Qw was on this crusade
Pastor China is now admitting to the euro crusaders that he's about to shutdown his miracle centre... 
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
|
@Hisah USDCHF looks not very conducive for a long better staying Short untill otherwise, Eurchf, I agree that a break of 1.2 will be a holy grail to an extent, wl be watching that level. Discipline & sticking to your strategy even when you loosing defines great traders.
|
|
|
Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
|
CFTC Sues 11 Unregistered Forex Entities http://www.cftc.gov/enf/enf-forex.htm “small step for man”
|
|
|
Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
|
fxtech wrote:@Hisah USDCHF looks not very conducive for a long better staying Short untill otherwise,
Eurchf, I agree that a break of 1.2 will be a holy grail to an extent, wl be watching that level. Hisah is banking on continued interventions by SNB as they continue to uphold their vow to keep EUR/CHF above 1.2 (the peg). This is bearish for the chf, hence the bull preference on USD/CHF. “small step for man”
|
|
|
Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
|
hisah wrote:It's amazing that since April 2010 the euro has been on floating Ching buying rumours etc. I remember @Qw was on this crusade
Pastor China is now admitting to the euro crusaders that he's about to shutdown his miracle centre...
Fake optimism. High time reality dawns on euro bulls. “small step for man”
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
@fxtech - @ceinz has answered you about the USDCHF. As long as SNB vows to keep EURCHF above 1.20, it makes no sense trying to short CHF. This is why I was saying an opportunity for CHF carry trade is setting up. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
There is a nasty H&S pattern forming on the 4hr gold chart. If fulfilled the price will plunge to $1698... Caution gold bulls. At this point I'll attempt a small short @1822 with a SL @1846 just to test the H&S. A break down of $1795 will confirm H&S target mentioned above. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
|
Piggy back trade, short gold @ 1808, SL 1830, target 1730. “small step for man”
|
|
|
Wazua
»
Investor
»
Offshore
»
Realities of Forex Investment
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|