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Realities of Forex Investment
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hisah
#1521 Posted : Thursday, December 29, 2011 3:58:04 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Wow! Gold and silver have been taking it in chin for a number of days now. Silver is fast approaching $24-25 buy zone. I hope this remains till mid Jan.
Gold has now taken out $1540 - S.Korea CB buy entry. Interesting this. Now $1500 remains before $1400s is in sight...

@ceinz - keep watching. I think before Jan ends euroland will announce a nasty surprise. Then the laserjets will go gaga spitting worthless dollars as QE is relaunched. At which point it'll be buy all & sell dollars back in fashion. I dont see how EURUSD will be sub 1.2 in a yr US has elections and someone trying to stay in office... The fed will be bullied to crunk the printers to improve equities, unemployment & exports...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ceinz
#1522 Posted : Thursday, December 29, 2011 4:32:48 PM
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Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
hisah wrote:
Wow! Gold and silver have been taking it in chin for a number of days now. Silver is fast approaching $24-25 buy zone. I hope this remains till mid Jan.
Gold has now taken out $1540 - S.Korea CB buy entry. Interesting this. Now $1500 remains before $1400s is in sight...

@ceinz - keep watching. I think before Jan ends euroland will announce a nasty surprise. Then the laserjets will go gaga spitting worthless dollars as QE is relaunched. At which point it'll be buy all & sell dollars back in fashion. I dont see how EURUSD will be sub 1.2 in a yr US has elections and someone trying to stay in office... The fed will be bullied to crunk the printers to improve equities, unemployment & exports...


Can't agree more, gold @ $1400 and silver @ $20 likely support levels as we see crazy lows being posted. Its like watching a movie. January and the whole Q1 2012 will be interesting times, especially if fed pulls out that QE. Make or break moments depending on the sides one will be.
“small step for man”
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hisah
#1523 Posted : Saturday, December 31, 2011 3:58:01 PM
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2011 ends with massive EUR shorts as per COTs report forcing EURJPY to close below 100. Major EUR short squeeze to come soon as 2012 kicks in when traders and big funds come online. I'll be long EURJPY when the squeeze starts since I expect something similar to EURCHF. Interesting to note after all that volatility (ups and downs) S&P 500 closed the year unchanged! But for euro stocks, down for the year as the euroland debt bomb ticks on. Gold closes up for the year however having retraced a chunk from the $1923 high - now on a decade bull... While silver closes $2 down for the year. Brent and WTI oil prices all closed up and already looking poised for a bullish run in 2012. This may strength the commodo ccys (AUD, NZD & CAD) in Q1 2012.

Happy trading in 2012...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1524 Posted : Tuesday, January 03, 2012 1:43:43 PM
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PAGE - This will be the exchange to be in from June 2012. With an estimate of 300M farmers being able to trade gold bullion, spot gold price will obviously be influenced by asia specifically the chings. This will also impact on the LME & CME which have proved to be asleep as fraud goes unchecked with MF Global scam still unravelling.

http://www.pagold.cn/List.asp?L-2842749587.Html

My gold target for 2012 is $2300 and silver ard $60. Though I have a feeling this is too modest!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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dave.kim
#1525 Posted : Wednesday, January 04, 2012 8:48:33 AM
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Joined: 6/25/2010
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got in live last and got burnt down to zero d'oh!.lesson learnt
Rule No.1 is never lose money. Rule No.2 is never forget rule number one
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QW25081985
#1526 Posted : Wednesday, January 04, 2012 9:04:52 AM
Rank: User


Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
hisah wrote:
PAGE - This will be the exchange to be in from June 2012. With an estimate of 300M farmers being able to trade gold bullion, spot gold price will obviously be influenced by asia specifically the chings. This will also impact on the LME & CME which have proved to be asleep as fraud goes unchecked with MF Global scam still unravelling.

http://www.pagold.cn/List.asp?L-2842749587.Html

My gold target for 2012 is $2300 and silver ard $60. Though I have a feeling this is too modest!



not you to !!!!!
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QW25081985
#1527 Posted : Wednesday, January 04, 2012 9:19:04 AM
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dave.kim wrote:
got in live last and got burnt down to zero d'oh!.lesson learnt


what do you mean ??? wow ..i think you should first try trading on demo...

lets chat fx . my facebook page : http://www.facebook.com/...e.php?id=100000212113995
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dave.kim
#1528 Posted : Wednesday, January 04, 2012 10:33:45 AM
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Joined: 6/25/2010
Posts: 176
@qw.I was on demo since July and went live last month.problem was i took a long term trade without proper risk management and i also ignored hisah's warning about thin liquidity during the dec holidays...But am more the wiser now.Capital wasn't that heavy though.I started small.
Rule No.1 is never lose money. Rule No.2 is never forget rule number one
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hisah
#1529 Posted : Wednesday, January 04, 2012 6:06:39 PM
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Joined: 8/4/2010
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I suggest taking a back seat this week & next in order to see where this Iranian - west squaring off settles. When you have oil prices vaulting like this, it's very risky to trade...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1530 Posted : Thursday, January 05, 2012 2:51:56 PM
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Looking at the COT index data again reveals apart from EUR receiving record bear sentiment extremes, silver too has bearish sentiments last seen in 2003. Huge reversals are going to be experienced soon on EUR & Silver. Interesting to not that bearish sentiment extreme on CHF is resetting. Maybe time to look for swissie longs. Today SNB has a speech @1500GMT; I wonder what they have to say.

Trades I'm scoping for in Q1 are long EURJPY, EURAUD, GBPNZD, silver and gold.

For shorts, AUD, NZD and ZAR. Aussie & Kiwi will be dragged down by chings slowdown. As for ZAR their econ too is slowing down & the world cup effect is now gone.

EURUSD looks poised to break below 1.28 and that will confirm 1.24 - 1.25 will be tested. The gap up @1.25 needs to be closed before I can turn neutral from bear on EUR.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1531 Posted : Thursday, January 05, 2012 3:48:19 PM
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Ah, now I see why SNB has a speech today. This also reminds me of Nancy Pelosi's hubby who made profit from trades beforehand (Front Running) on crucial monetary policy announcement. As @cde says - hii ni system ya majambazi... Shameless this...

http://www.bloomberg.com...rt-guardian-status.html

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1532 Posted : Saturday, January 07, 2012 6:18:25 PM
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Gold matters...



The line in the sand is $1480. If that support is lost, then the selling will target $1200. If support holds, then the next challenge is to overcome $1700 before a retest of $1900 and a break above $2000.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1533 Posted : Saturday, January 07, 2012 6:31:12 PM
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And a mag for fx traders... http://www.currencytrade...rrencyTrader0112-2kb.pdf
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ceinz
#1534 Posted : Sunday, January 08, 2012 9:55:34 AM
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Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
hisah wrote:
Gold matters...

The line in the sand is $1480. If that support is lost, then the selling will target $1200. If support holds, then the next challenge is to overcome $1700 before a retest of $1900 and a break above $2000.

smile
“small step for man”
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Ceinz
#1535 Posted : Sunday, January 08, 2012 9:58:23 AM
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[quote=hisah]And a mag for fx traders... http://www.currencytrade...rencyTrader0112-2kb.pdf[/quote]

Nice Mag.
“small step for man”
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QW25081985
#1536 Posted : Sunday, January 08, 2012 3:57:40 PM
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Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
hisah wrote:
Gold matters...



The line in the sand is $1480. If that support is lost, then the selling will target $1200. If support holds, then the next challenge is to overcome $1700 before a retest of $1900 and a break above $2000.


euro/usd is headed to parity what should gold be doing at 1480 .lOL..i think it will fall further
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Cde Monomotapa
#1537 Posted : Sunday, January 08, 2012 4:43:00 PM
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Joined: 1/13/2011
Posts: 5,964
hisah wrote:
Ah, now I see why SNB has a speech today. This also reminds me of Nancy Pelosi's hubby who made profit from trades beforehand (Front Running) on crucial monetary policy announcement. As @cde says - hii ni system ya majambazi... Shameless this...

http://www.bloomberg.com...rt-guardian-status.html


Now that's profitable pillow talk smile
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dave.kim
#1538 Posted : Sunday, January 08, 2012 8:36:59 PM
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Joined: 6/25/2010
Posts: 176
Cde Monomotapa wrote:
Now that's profitable pillow talk smile

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
Rule No.1 is never lose money. Rule No.2 is never forget rule number one
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hisah
#1539 Posted : Monday, January 09, 2012 4:35:38 PM
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Joined: 8/4/2010
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FX rumour mill - SNB head has resigned. Hmmm... No wonder CHF is gaining as per EURCHF peg...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1540 Posted : Monday, January 09, 2012 4:47:59 PM
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hisah wrote:
FX rumour mill - SNB head has resigned. Hmmm... No wonder CHF is gaining as per EURCHF peg...

Confirmed -
http://t.co/kjJEKVKO

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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