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QW25081985
#1501 Posted : Wednesday, December 14, 2011 6:02:17 PM
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But on a much much much wider time frame euro$ is a short : not the h&s target is at 1.2xx
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Ceinz
#1502 Posted : Wednesday, December 14, 2011 8:20:20 PM
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hisah wrote:
Still looking at gold getting kicked. $1650 support broken. At this rate $1600 support will be taken out too. This is what thin liquidity does. Extreme volatility. As a swing trader such an environment is not conducive. A lot of carry is being unwound this week as trading desks close for festive season & this will continue to boost USD and nail EUR, AUD & NZD.



Gold $1600 support taken out, things are wicked.
“small step for man”
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hisah
#1503 Posted : Wednesday, December 14, 2011 9:00:01 PM
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This is what is spooking gold. HSBC sues MF Global over gold ownership.

http://bloomberg.com/new...old-silver-bars-1-.html

GLD ETF under HSBC is tanking badly. This paper gold fraud is going to ignite badly as the ponzi masters go head to head... Gerald Celente is still trying to figure out how to get back his gold from ponzi defunct MF Global. Stay tuned as things unravel in gold ETFs...

Quite interesting ISDA site doesnt show MF Global's creamed CDS. So will some clients be given some of the firms Greek bond bets in exchange for their missing gold... Aicaramba! As @cde would say... a brawl this...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1504 Posted : Thursday, December 15, 2011 7:11:12 AM
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USDSGD finally tests 1.31. Critical level this. Failure here seals a triple top on the weekly chart giving bears juice to short it back to 1.20. Breaking above 1.3130 means bulls can target 1.4050. But will the Singapore CB stay put as SGD takes it in the chin...

Same applies to USDZAR. Failure @8.53 will be a triple top. Sell target 7.80 then 7.10. Break above 8.53, targets 9.00 then 9.40 then critical 10.00. At that level SA CB will have to defend the rand.

AUDUSD & NZDUSD still lofty at the current levels. They still have acres of room to fall.

I'm waiting to see what gold does @1540. S.Korea CB got a huge chunk at this price level. Weekly chart is very ugly and a test of 1450 - 1500 is likely. At this level demand should be sizable. Silver to is now testing $28-29 levels - my buy interest levels. Long term charts point to $24-25 levels.
Tempted to trade & breaking my principle of not doing so in Dec d'oh!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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QW25081985
#1505 Posted : Thursday, December 15, 2011 7:21:42 AM
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here's an update on the much talked about h&s ( head and shoulder) pattern on euro$ weekly channel :
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hisah
#1506 Posted : Saturday, December 17, 2011 8:25:50 AM
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USDCHF - above .9550 will mean back to parity 1.0000 aiming 1.0400. By then EURUSD will be sub 1.25 going to 1.20.

USDSGD & USDZAR still remain at critical zones as explained earlier. Bullish breakouts on the cards with very anxious CBs. I expect interventions esp on SGD...

Moodys downgraded Belgium, but they've had no gubberment for more than a year!? Who's being downgraded, the monarch, king... d'oh! This dexia nationalization is a boiling pot. I hope @mainat kept off this stock in time back in Oct.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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QW25081985
#1507 Posted : Monday, December 19, 2011 7:34:51 AM
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could you really ask for a better entry . eur/cad short !
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hisah
#1508 Posted : Monday, December 19, 2011 7:50:41 PM
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@QW - Have a look at the weekly EURCAD chart. This thing is about to fall off the sky...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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QW25081985
#1509 Posted : Tuesday, December 20, 2011 7:23:52 AM
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Nice setup to go long on usd/chf

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QW25081985
#1510 Posted : Tuesday, December 20, 2011 7:26:16 AM
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Yep . gbp/jpy is primed for another break out !i think today it will be risk on

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QW25081985
#1511 Posted : Tuesday, December 20, 2011 6:38:43 PM
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anybody trading USDCAD
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QW25081985
#1512 Posted : Tuesday, December 20, 2011 6:40:35 PM
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Risk is on people . Oil looking higher !!! Note the bullflag
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QW25081985
#1513 Posted : Wednesday, December 21, 2011 10:00:32 AM
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Yep a nice little trading range on aud/nzd for the xmas holiday . lol Green pips to you all .
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QW25081985
#1514 Posted : Thursday, December 22, 2011 7:13:56 AM
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1 Hr aud/usd double bottom . Risk is on today



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hisah
#1515 Posted : Thursday, December 22, 2011 5:04:41 PM
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@Qw - the AUDUSD hourly chart is now looking like a H&S is creeping in. If it fully develops, back to 0.9850 in a few hours...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ceinz
#1516 Posted : Wednesday, December 28, 2011 4:05:21 PM
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On holiday but can't stop this cursory glance at the charts. Look at the gold chart, bearish to say the least. I expect resistance at $1540 to hold, if this is taken out, which will also a break of the lower side of the formed triangle, expect a plunge to $1400 levels.
“small step for man”
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Ceinz
#1517 Posted : Wednesday, December 28, 2011 8:56:00 PM
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uuwi, was that a 150 pips fall in the euro this Us session?
“small step for man”
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hisah
#1518 Posted : Wednesday, December 28, 2011 11:17:35 PM
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Ceinz wrote:
uuwi, was that a 150 pips fall in the euro this Us session?

I can smell a sovereign downgrade. France must be Pray
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ceinz
#1519 Posted : Thursday, December 29, 2011 6:42:51 AM
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hisah wrote:
Ceinz wrote:
uuwi, was that a 150 pips fall in the euro this Us session?

I can smell a sovereign downgrade. France must be Pray


Highly likely, given France's growing debt to GDP ratio, combined with weak growth in the eurozone and rising unemployment.
“small step for man”
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QW25081985
#1520 Posted : Thursday, December 29, 2011 8:14:01 AM
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rumor has it that they might downgrade france in jan first week ..God forbid ...otherwise euro/usd targets are below @ 1.26xx
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