Wazua
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Finally S&P finishes presenting its condemnation statement on euroland nations' debt affairs. Now that France is no longer AAA rated, that leaves Germany as the sole trustee to rescue the euro experiment... The EFSF rescue fund hangs in the balance and is now just a good fairy tale... No wonder the short selling ban is still in place so many months later. Since this is plain boring since 2008, my 2012 wish to the genie is to hurry up the damn train wreck so that we move on. Very tired of this slow motion sinkhole. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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hisah wrote:Btw watch out for that EURCHF peg defence line @1.20... It is about to get busted and next week SNB will come out guns blazing. At last the year is getting exciting  “small step for man”
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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Here's free 1000 pips on the table. Watch for a close below 1.5270. [sorry cant load chart]  GBPUSD-Weekly H & S, break of the neckline Target 1: 1.4820 (480 pips) Target 2: 1.4275 (570 pips) “small step for man”
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Ceinz wrote:Here's free 1000 pips on the table. Watch for a close below 1.5270. [sorry cant load chart] GBPUSD-Weekly H & S, break of the neckline Target 1: 1.4820 (480 pips) Target 2: 1.4275 (570 pips) More pips. Gracias
I expect GBP to be sold H2 2012 due to their debt issues. This will see BoE continue to QE or monetize. If this unfolds 1.3s maybe tested during that selling period. Btw if the jap bond yields shoot above 2.5%, short the yen since the jap govt will find it hard to cope without a titanic yen printing spree.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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hisah wrote:[color=darkblue]More pips. Gracias I expect GBP to be sold H2 2012 due to their debt issues. This will see BoE continue to QE or monetize. If this unfolds 1.3s maybe tested during that selling period. Btw if the jap bond yields shoot above 2.5%, short the yen since the jap govt will find it hard to cope without a titanic yen printing spree. Thanks too, will be on the look out. “small step for man”
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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before we get toooooooooo over bearish on the euro . has somebody noted the support at 125xx and the trend line on the weekly ? 
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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U.S are on holiday !!!! so the market are bound to range alittle bit
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Anyone pissed with this S&P downgrades that are done over the weekend or a holiday weekend? Happened during US downgrade back in Aug & now the latest. Market manipulation this... But on the positive side it means that the masters now fear Mr Market $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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Okay nice start to the day . asia session was rocking !!!! bullish divergances everywhere !
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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euro bulls better be coming out ! 1.2521 is a very strong support ! 
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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With EUR short contracts around 150K, a potential short squeeze is on the cards for this one sided trade. Shorting the euro is risky at this level... As for gold, back in 2008/9 it did something like this. In late 2011 it also did the same... Guess where it is headed... https://images.angelpub....12415/wgc_goldprice.png
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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D-Day for usd/cad .which way up or down. Daily chart below ! 
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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WATCH LIST: LONGS: GOLD, AUDUSD SHORTS; EURJPY, EURUSD, GBPUSD, USDTRY, GBPCHF Waiting confirmations on: gold, audusd, eurjpy, eurusd, gu USDTRY, GBPCHF Running Discipline & sticking to your strategy even when you loosing defines great traders.
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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wow / ! who got some pips today ??? i need your strategy ...ASAP. today its been very violent
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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fxtech wrote:WATCH LIST:
LONGS: GOLD, AUDUSD
SHORTS; EURJPY, EURUSD, GBPUSD, USDTRY, GBPCHF
Waiting confirmations on: gold, audusd, eurjpy, eurusd, gu
USDTRY, GBPCHF Running i see a problem here . you cannot long aud/usd and short euro ... they are collerated
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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@QW If my charts are correct, which I bet they are, in DEC AUDUSD was very bullish from around 20th, and EUR very veeeeeery bearish. I stand corrected. So for Me I just follow the price, correlated or not. Again my posts are on observations and as per nw only USDTRY, GBPCHF Shorts, GOLD Long, are running, the others on observation so things might change, so as usual I wl trade with the price. Discipline & sticking to your strategy even when you loosing defines great traders.
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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@QW MORE FACTS ON TABLE BELOW Daily correlation AUDUSD EURAUD EURCAD EURJPY EURUSD GBPUSD AUDUSD 100.0 -50.0 -15.9 38.6 38.0 64.2 AUDUSD EURAUD -50.0 100.0 89.2 56.8 61.1 23.2 EURAUD EURCAD -15.9 89.2 100.0 78.4 80.7 54.9 EURCAD EURJPY 38.6 56.8 78.4 100.0 96.2 86.5 EURJPY EURUSD 38.0 61.1 80.7 96.2 100.0 83.8 EURUSD GBPUSD 64.2 23.2 54.9 86.5 83.8 100.0 GBPUSD AUDUSD EURAUD EURCAD EURJPY EURUSD GBPUSD Discipline & sticking to your strategy even when you loosing defines great traders.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Short squeeze on the euro continues... @fxtech - Note that EURAUD is turning bullish on the weekly with a hammer candlestick. Still not bullish for the month, but when it does, it will be time to sell the aussie. I have also noticed monthly RSI divergence on EURAUD cross. The price is heading south but RSI is registering high lows in oversold levels. Sharp corner ahead i.e. long EURAUD squeeze coming soon - but this is a medium term trade. @QW - USDCAD has broken down the daily triangle. Will be sold for some weeks. Gold has to overcome $1667 to clear resistance. I want it to clear this level then go long on the retrace if it leaks back to $1650 - 1660 levels. Still waiting for the monthly and weeklies to line up before I take my trades highlighted earlier. This look poised to be end of month or 1st week of Feb. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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this should be intresting for all you euro bulls ....Bulls in charge Also, from the past 1.5 years, every time we have seen daliy divergence on MACD, we have seen a substantial rally. 
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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@Hisah nice insight on EURAUD, sure, slowly turning bull, will keep an eye, Discipline & sticking to your strategy even when you loosing defines great traders.
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