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Realities of Forex Investment
QW25091985
#1661 Posted : Wednesday, February 15, 2012 9:37:20 AM
Rank: User


Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
fxtech wrote:
Standing aside on GPBCHF trade, waiting for a fresher setup, probably a sell signal.

GBPUSD SHORT doing great.

EURJPY Looking to continue with Bull momentum

Watching NZDUSD, AUDUSD for probable shorts or for Bull breaks.




cable short are you sure ???
QW25091985
#1662 Posted : Wednesday, February 15, 2012 9:40:01 AM
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Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
am long euro ! waiting to go up coz of 4 hr stochastic divergence . hopes it works out !
QW25091985
#1663 Posted : Wednesday, February 15, 2012 11:24:44 AM
Rank: User


Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
QW25091985 wrote:
am long euro ! waiting to go up coz of 4 hr stochastic divergence . hopes it works out !



lol ! reverse that !
Ceinz
#1664 Posted : Wednesday, February 15, 2012 1:21:24 PM
Rank: Veteran


Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Ceinz, Guest (24). Reveal your identity.
“small step for man”
Ceinz
#1665 Posted : Wednesday, February 15, 2012 1:24:36 PM
Rank: Veteran


Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
QW25091985 wrote:
QW25091985 wrote:
am long euro ! waiting to go up coz of 4 hr stochastic divergence . hopes it works out !



lol ! reverse that !


Euro long term bull, might rally t0 1.39, in a few weeks coming.
“small step for man”
Ceinz
#1666 Posted : Wednesday, February 15, 2012 1:34:38 PM
Rank: Veteran


Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
EUR/GBP about to stage a breakout to the upside

target 1: 0.86 (200 pips)
target 2: 0.88 (another 200)
final target 0.9 (200)
“small step for man”
Genghis Khan
#1667 Posted : Wednesday, February 15, 2012 1:35:02 PM
Rank: Member


Joined: 8/5/2010
Posts: 335
Location: Nairobi
Gold reversal? it's a bit early but looks good 180pips since 1pm. anyone...
"I'd rather be lucky than clever... every time!" - ME
"The problem is not what we don't know... it's what we know for sure that just ain't!" - MARK TWAIN
"Space we can recover... time never!" - NAPOLEON BONAPARTE
Genghis Khan
#1668 Posted : Wednesday, February 15, 2012 1:41:49 PM
Rank: Member


Joined: 8/5/2010
Posts: 335
Location: Nairobi
head and shoulders in the 1minute chart... 1030/1100/1150hrs smile
"I'd rather be lucky than clever... every time!" - ME
"The problem is not what we don't know... it's what we know for sure that just ain't!" - MARK TWAIN
"Space we can recover... time never!" - NAPOLEON BONAPARTE
QW25091985
#1669 Posted : Wednesday, February 15, 2012 3:13:25 PM
Rank: User


Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
lol...upside will come in newyork session ...now i need more downside !
hisah
#1670 Posted : Wednesday, February 15, 2012 5:30:18 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
I think the EURCHF cross will soon determine whether the euro rallies to the moon or hits the bunkers really hard. The daily and weekly bollinger bands are narrowing so tightly. A break out is looming... With the USD index still bullish on the weekly, the USD should rebound higher in coming weeks. The RSI forecast shows USD strength to top out around July 2012. Yep, I'm still USD bullish. Once EURUSD closes that 1.25 gap, then and only then will I shift my euro stand.

USDJPY managed to close yesterday above 200 day SMA. Bullish long term signal. Look for longs against yen crosses. The weekly on USDJPY is spoiling for breaking out to the upside. Daily is overbought, waiting for pullback at 77.70.

Has anyone noticed how many kiwi crosses (NZDUSD, NZDCAD, NZDJPY, NZDCHF) are overbought on the daily?! Kiwi will crash big time when the shorts take over. Reminds me of aussie bullish extremes back in 2010.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Mkimwa
#1671 Posted : Wednesday, February 15, 2012 6:12:16 PM
Rank: Member


Joined: 10/26/2008
Posts: 380
Out of curiosity, which brokers do you use?

Still trying my hand in this thing, glad my fingers are still intact.
fxtech
#1672 Posted : Wednesday, February 15, 2012 6:15:37 PM
Rank: Member


Joined: 5/31/2010
Posts: 325
Location: NAIROBI
@ Hisah again as always Applause Applause Applause , I hold the same view on EURUSD, the major might suprise many with a huge Bear move in the medium term, will be looking to make 600pips on it.

NZDUSD at PRZ(Potential reversal Zone) and I tell you it might come down like nothing else.

USD BULL, Looking a safer bet for now.

@QW yah am sure about GBPUSD,

Discipline & sticking to your strategy even when you loosing defines great traders.
QW25091985
#1673 Posted : Wednesday, February 15, 2012 6:58:36 PM
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Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
and the bull move is about to begin on euro/usd !
hisah
#1674 Posted : Wednesday, February 15, 2012 6:59:41 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Mkimwa wrote:
Out of curiosity, which brokers do you use?

Still trying my hand in this thing, glad my fingers are still intact.

FXCM for forex.

@QW - am sure u can list like 10 of which you use. Must be very rich to run 10 accts with different brokers...!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
QW25091985
#1675 Posted : Wednesday, February 15, 2012 7:28:14 PM
Rank: User


Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
hisah wrote:
Mkimwa wrote:
Out of curiosity, which brokers do you use?

Still trying my hand in this thing, glad my fingers are still intact.

FXCM for forex.

@QW - am sure u can list like 10 of which you use. Must be very rich to run 10 accts with different brokers...!



lol i donot have 10 accounts ! but more than one ..lol. i can never trust one broker they can close like the next day !
@Mkimwa.you better know what you are doing . i hope you have atleast tried demo trading first . coz frankly you run a very high risk of loosing your money in forex . trust me . i have lost my fair share !but if you minimize your risk (small lots) you can make it !
hisah
#1676 Posted : Thursday, February 16, 2012 9:06:34 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Asia afternoon session still sees euro traders caught wrong footed with overnight US session selloff. Waiting for London session to see if EURUSD will defend 1.3000. But from the setup, those stops will be hit on the way to 1.2950.

Apple made a new high intra day @ $526, but closed @ $497 with large volume - a classical shorts build up signal. Was so overbought as well as NASDAQ which also closed down.

Interesting to note that oil closed up while stocks were down. Oil ignoring equity trends and focussed on Iran. This price action reminds me of March 2008 where stocks sold off for weeks but oil kept on a rally till July 2008. Will history repeat itself?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
dave.kim
#1677 Posted : Thursday, February 16, 2012 12:23:12 PM
Rank: Member


Joined: 6/25/2010
Posts: 176
talk of bailout posptponment http://www.fxstreet.com/...an-crisis/2012/02/15/02/
Rule No.1 is never lose money. Rule No.2 is never forget rule number one
dave.kim
#1678 Posted : Thursday, February 16, 2012 12:24:52 PM
Rank: Member


Joined: 6/25/2010
Posts: 176
@fxtech, your GBPUSD target?
Rule No.1 is never lose money. Rule No.2 is never forget rule number one
hisah
#1679 Posted : Thursday, February 16, 2012 8:51:36 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
hisah wrote:
Asia afternoon session still sees euro traders caught wrong footed with overnight US session selloff. Waiting for London session to see if EURUSD will defend 1.3000. But from the setup, those stops will be hit on the way to 1.2950.

Apple made a new high intra day @ $526, but closed @ $497 with large volume - a classical shorts build up signal. Was so overbought as well as NASDAQ which also closed down.

Interesting to note that oil closed up while stocks were down. Oil ignoring equity trends and focussed on Iran. This price action reminds me of March 2008 where stocks sold off for weeks but oil kept on a rally till July 2008. Will history repeat itself?

As per expectations, London session took out stops at 1.3000 and EURUSD slumped to 1.2975 to find fresh bids. In comes US session and EURUSD is now above 1.3100 on Greece hopium. Having broken below 1.3000 today, the current reversal to 1.3100 highs should be treated with caution. In a few week, the euro sell off will be interesting.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
QW25091985
#1680 Posted : Thursday, February 16, 2012 9:10:18 PM
Rank: User


Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
what !!!!!!!!!!!!!!!!!!!!!! bull has resumed ! ...it got me off guard !
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