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Realities of Forex Investment
Ceinz
#841 Posted : Tuesday, March 15, 2011 10:11:11 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
d'oh! This week trading affected by last friday Japan's quake. this means less trades for me, bearish on the comdolls and will generally avoid yen pairs.Sad
“small step for man”
qw25041985
#842 Posted : Tuesday, March 15, 2011 10:21:49 PM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
Ceinz wrote:
d'oh! This week trading affected by last friday Japan's quake. this means less trades for me, bearish on the comdolls and will generally avoid yen pairs.Sad


you must be joking ....so u stayd out of the market when gpy/jpy did a 320 pip move in a single day....
i believe if you dnt come out of the market today with mo' than 200 pips today maybe you shld just quite fx ( no pun intended) but that b.o.j intervention provided some good trend for the yen...
i will be shorting any rallied on yen pairs.
Your future depends on your dreams so go to sleep !
Ceinz
#843 Posted : Tuesday, March 15, 2011 10:33:07 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
@ Qw, my point is: exercise caution when trading the yen at this time, of course its volatile and u no how cheeky brokers can get at those timesSad . Hope u grabbed a chunk off the 320 pips move.
“small step for man”
hisah
#844 Posted : Tuesday, March 15, 2011 11:49:05 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
So the EURUSD finally gets to the 1.4000 handle on hot air regardless of greece & spanish debt repayment downgrades smile What a joke. Anyway, the dollar is toast too, what to do trading the ugly sisters pair... As long as swiss is trashing the dollar, eurodollar gets high smile The large March eurodollar sell contract is now at risk. But when the euro debt floor gives way...

Still holding my AUDCAD monthly trade. First target 0.9600 is approaching. Slow, but surely rewarding.

As for yen trades, esp trading gebby (GBPJPY) aka the beast requires caution otherwise it could wipe out your account during whiplash volatility as at present.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#845 Posted : Wednesday, March 16, 2011 8:30:26 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
USD index wedge - http://twitpic.com/49sxfo

If it shoots up NZDUSD will fall the most. I'll be looking to sell USDZAR if this scenarip plays along. The USDZAR could easily fall to 7.20 - 7.30 from 6.95.

With nikkei bouncing up to 9150 and failing, time to look for yens longs. I'm interested in NZDJPY, CADJPY & AUDJPY shorts. Will update the trades once entered. These are less risky than EURJPY, GBPJPY & USDJPY.

Did anyone notice the US markets session whiplash yesterday, down big then recovers big in the afternoon? Almost like May 6th 2010. Then after market closure the futures went down. That sneaky feeling in me guts is growing bigger.
@qw - that mother indicator u lolled at is right on the money so far...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
fxtech
#846 Posted : Wednesday, March 16, 2011 9:30:39 AM
Rank: Member

Joined: 5/31/2010
Posts: 325
Location: NAIROBI
short EURAUD@1.4078
Discipline & sticking to your strategy even when you loosing defines great traders.
The Merchant
#847 Posted : Wednesday, March 16, 2011 7:52:25 PM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
The Merchant wrote:
2231h

sold usd/chf @ 0.92413

sl=-30 tp= +60


Took profit @ 61 pips.
However my take profit should have been higher, the damn thing is trading at 0.9099 now.
Oh well, the few downsides of disciplined trading.Sad
The Merchant
#848 Posted : Wednesday, March 16, 2011 8:22:12 PM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
Hey fellows, anyone looking at the hourly usd/chf trade? 100 pips down in 2 hours and the indicators still scream sell. Hmmmm...
qw25041985
#849 Posted : Wednesday, March 16, 2011 9:56:57 PM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
hisah wrote:
USD index wedge - http://twitpic.com/49sxfo

If it shoots up NZDUSD will fall the most. I'll be looking to sell USDZAR if this scenarip plays along. The USDZAR could easily fall to 7.20 - 7.30 from 6.95.

With nikkei bouncing up to 9150 and failing, time to look for yens longs. I'm interested in NZDJPY, CADJPY & AUDJPY shorts. Will update the trades once entered. These are less risky than EURJPY, GBPJPY & USDJPY.

Did anyone notice the US markets session whiplash yesterday, down big then recovers big in the afternoon? Almost like May 6th 2010. Then after market closure the futures went down. That sneaky feeling in me guts is growing bigger.
@qw - that mother indicator u lolled at is right on the money so far...


lol . this mother of all indicators is really funny...

bytheway dnt you think b.o.j ( japan) has made it easier for us to trade these yen pairs....look at cad/jpy ,gbp/jpy free fall infact all yen pairs ...Laughing out loudly i am so loving this ....
i wish it will never end.
Your future depends on your dreams so go to sleep !
qw25041985
#850 Posted : Wednesday, March 16, 2011 9:58:59 PM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
hisah wrote:
USD index wedge - http://twitpic.com/49sxfo

If it shoots up NZDUSD will fall the most. I'll be looking to sell USDZAR if this scenarip plays along. The USDZAR could easily fall to 7.20 - 7.30 from 6.95.

With nikkei bouncing up to 9150 and failing, time to look for yens longs. I'm interested in NZDJPY, CADJPY & AUDJPY shorts. Will update the trades once entered. These are less risky than EURJPY, GBPJPY & USDJPY.

Did anyone notice the US markets session whiplash yesterday, down big then recovers big in the afternoon? Almost like May 6th 2010. Then after market closure the futures went down. That sneaky feeling in me guts is growing bigger.
@qw - that mother indicator u lolled at is right on the money so far...


everybody is watching for the usd/jpy 80.00 level for possible intervention...ALL-TIME LOW at 79.80
Your future depends on your dreams so go to sleep !
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