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Realities of Forex Investment
QW25081985
#1381 Posted : Tuesday, November 01, 2011 8:32:37 AM
Rank: User


Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
hisah wrote:
EURUSD looks set to take 1.3800 support. This thing will crash down to 1.3650 if no bids offer support. When that happens AUDUSD & NZDUSD will be sold hard. Looking for those aussie & kiwi shorts.


no here i cannt explain whats happening on eurodollar!!!!!!!!!!!!!! ....
is there are big fund trying to manipulate this currency ????
for usdjpy there's talk that it want even an intervention but a rumor ...maybe that wld support the fact that it retraced the "intervention move" quickly...maybe it was the us government..
Ceinz
#1382 Posted : Tuesday, November 01, 2011 11:27:36 AM
Rank: Veteran


Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Cant believe this, my tu tiny trades za euro, cad, chf ,nzd na cad are yielding remarkable profits I wish I had been more risk hungry. My other trade AUD/USD is also gr8t.
“small step for man”
fxtech
#1383 Posted : Wednesday, November 02, 2011 4:31:27 PM
Rank: Member


Joined: 5/31/2010
Posts: 325
Location: NAIROBI
Trading EURJPY Long@ 107.58 tp 109.58 sl 106.68
Discipline & sticking to your strategy even when you loosing defines great traders.
QW25081985
#1384 Posted : Wednesday, November 02, 2011 4:44:46 PM
Rank: User


Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
shorting eurousd tp 60 pips down
Ceinz
#1385 Posted : Wednesday, November 02, 2011 9:29:08 PM
Rank: Veteran


Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Dollar bullish all the way this week.
“small step for man”
dave.kim
#1386 Posted : Friday, November 04, 2011 2:58:10 PM
Rank: Member


Joined: 6/25/2010
Posts: 176
Interest rate cut and negative news from the eurozone n no price reaction?
Rule No.1 is never lose money. Rule No.2 is never forget rule number one
QW25081985
#1387 Posted : Friday, November 04, 2011 3:37:19 PM
Rank: User


Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
an uneventful nfp ..bure kabisa...but will short the pair - euro$-
QW25081985
#1388 Posted : Friday, November 04, 2011 4:49:23 PM
Rank: User


Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
QW25081985 wrote:
an uneventful nfp ..bure kabisa...but will short the pair - euro$-


nice profit so far...nice way to end the weekend ...lol
Eric_Nyamu
#1389 Posted : Saturday, November 05, 2011 1:59:44 PM
Rank: New-farer


Joined: 10/6/2011
Posts: 84
QW25081985 wrote:
QW25081985 wrote:
an uneventful nfp ..bure kabisa...but will short the pair - euro$-


nice profit so far...nice way to end the weekend ...lol



Silver volatility expected.the chart shows a ascending wedge ..

hisah
#1390 Posted : Monday, November 07, 2011 4:02:30 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
@QW - I'm looking for silver to break 36$ and gold to break $1820 in coming days. Once those levels are taken out esp for gold, $1900 will be surpassed for a new all time high around $2020. Silver is yet to face $44 resistance before it can challenge the $50 May 2011 high after which new all time highs will be on the cards. The flipflop games in Greece and Italy are going to be the launch pad for these moves. Italian bonds are smoking badly for the last 2 weeks. I still expect the eurozone CDS to become very toxic ground soon and many hedge funds are bound to go bust in the process. The current MF Global is just a tip of the iceberg. Morgan Stanley, hmmm and many more euro banks...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1391 Posted : Monday, November 07, 2011 4:05:52 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
hisah wrote:
Yap, BoJ stepped up USDJPY in asia. I'm liking this currency wars. The system is so broken... Took a USDJPY long @76.50 lot size 0.2, TP - open. Not my type of trade but easy money chance. Poleni u couldn't participate since it was wee hrs @ KE...

Also took a long USDSGD @ 1.2420 lot size 0.5, TP - 1.3000. If you can trade rands, an opportunity will setup soon on USDZAR. This cross will surpass 8.50 and may test 9.00. There's a lot of smold on the SA econ which will unravel in Q4 & into 2012. It will be a shorting magnet soon.

@Qw - look at the euro meltdown in asia after 2 days of hopium bailout. Very weak hopium drug... Waiting for London session as EURCHF threatens to break below 1.2000 - the SNB's intervention guard rail. Look for USDCHF long for that intervention play.

I continue to fancy the dollar since a squeeze sign has been flashing since July. That dollar index will test 85, before things settle down.

Long USDJPY profits booked. This trade is so boring after a week of static action...

USDSGD long trade still active.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
fxtech
#1392 Posted : Tuesday, November 08, 2011 3:24:47 PM
Rank: Member


Joined: 5/31/2010
Posts: 325
Location: NAIROBI
@Hisah long USDSGD wise move also trading the pair as well. Cheers man!!!
Discipline & sticking to your strategy even when you loosing defines great traders.
Eric_Nyamu
#1393 Posted : Tuesday, November 08, 2011 3:35:12 PM
Rank: New-farer


Joined: 10/6/2011
Posts: 84
fxtech wrote:
@Hisah long USDSGD wise move also trading the pair as well. Cheers man!!!



Things donot look so good for the euro










hisah
#1394 Posted : Tuesday, November 08, 2011 3:50:20 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Is it E.Nyamu aka QW or vice versa smile

Yap, those EURUSD charts don't look very encouraging to the bulls. I still have a target of 1.24 - 1.25 on EURUSD before things settle down.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Eric_Nyamu
#1395 Posted : Tuesday, November 08, 2011 4:45:51 PM
Rank: New-farer


Joined: 10/6/2011
Posts: 84
QW25081985 wrote:
an uneventful nfp ..bure kabisa...but will short the pair - euro$-



pressure building up for euro fall ..inside days four in total ..lol

QW25081985
#1396 Posted : Tuesday, November 08, 2011 5:11:42 PM
Rank: User


Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
Italy better know i have a long euro position down here so they better pass that budjet ..lol lol
hisah
#1397 Posted : Tuesday, November 08, 2011 7:37:27 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Eric_Nyamu wrote:
fxtech wrote:
@Hisah long USDSGD wise move also trading the pair as well. Cheers man!!!



Things donot look so good for the euro




Wedge broken down...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Eric_Nyamu
#1398 Posted : Wednesday, November 09, 2011 12:14:29 PM
Rank: New-farer


Joined: 10/6/2011
Posts: 84
QW25081985 wrote:
Italy better know i have a long euro position down here so they better pass that budjet ..lol lol


Yen having more problems


Ceinz
#1399 Posted : Wednesday, November 09, 2011 2:09:02 PM
Rank: Veteran


Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
During yesterday’s session, there were high expectations for the scheduled SNB member speeches; where it was speculated that Jordan and Hildebrand might hint at a new exchange rate floor for EURCHF. After the very weak Swiss CPI numbers seen earlier this week, many had suggested that a new 1.3000 or 1.4000 floor could be on the way. However, no evidence to support this was forthcoming from the two speakers, and as such we saw EURCHF drop sharply from 1.2440 levels back to 1.2320. SNB Vice Chairman Jordan did acknowledge that the CHF was overvalued and should weaken, but clarified that a precondition for further easing would be “enormous deflationary pressure”, and that it would be wrong to engage in competitive devaluation. These comments seemingly acknowledged that the SNB is not yet ready to intervene again in the currency and that in spite of the October CPI figures slipping into negative territory (at -0.1% YoY), the deflationary risks are not yet severe enough to warrant a rise in the 1.2000 EURCHF floor.

“small step for man”
Ceinz
#1400 Posted : Wednesday, November 09, 2011 2:26:15 PM
Rank: Veteran


Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
EURGBP approaching 8-month low at 0.8530
“small step for man”
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