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Realities of Forex Investment
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hisah
#1861 Posted : Wednesday, May 09, 2012 8:56:51 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Watch out for EURCHF... Fireworks coming soon... Now let's see what the Irish decide in their referendum as euro people earnestly denounce austerity depressant eurocrats prescriptions...

I didn't expect gold to test sub $1600 and silver sub $30. These are interesting developments going by the money flood by ECB printing press as well as fed bank... Still bullish on gold closing above $2200 this year.

Soon hellena will be welcoming espana to the bond yield maniac rally party...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1862 Posted : Wednesday, May 09, 2012 9:16:09 AM
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Joined: 8/4/2010
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The propaganda galore...
This will continue as the elections unfold...

http://www.forbes.com/si...one-rises-to-75-reports/
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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QW25091985
#1863 Posted : Wednesday, May 09, 2012 9:21:05 AM
Rank: User


Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
this range on euro$ is killing me . WOW ! . but we still have a gap to fill.
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hisah
#1864 Posted : Wednesday, May 09, 2012 1:36:40 PM
Rank: Chief


Joined: 8/4/2010
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USD is still flashing that it wants to mount another rally like back in May 2011... In Jan 2012 the brent and crude charts looked similar to this - we know how high the prices rallied.

USD strength signals a risk off spell. Global equity selling bout is on the cards.



$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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fxtech
#1865 Posted : Thursday, May 10, 2012 8:01:37 AM
Rank: Member


Joined: 5/31/2010
Posts: 325
Location: NAIROBI
hisah wrote:
USD is still flashing that it wants to mount another rally like back in May 2011... In Jan 2012 the brent and crude charts looked similar to this - we know how high the prices rallied.

USD strength signals a risk off spell. Global equity selling bout is on the cards.





Quit in agreement, Keeping close tabs with USD
Discipline & sticking to your strategy even when you loosing defines great traders.
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hisah
#1866 Posted : Thursday, May 10, 2012 1:42:09 PM
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Joined: 8/4/2010
Posts: 8,977
Commodities sell-off accelerating... Aussie has been taking it in the chin more than any of the other commodo ccys.

I patiently await the GBP sell-off from Q3...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1867 Posted : Thursday, May 10, 2012 1:46:10 PM
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Joined: 8/4/2010
Posts: 8,977
hisah wrote:
New trade taken in asia session - short EURGBP @0.8260 lot size 0.2. Weekly objective points to 0.8100 as target. On a larger period (monthly) the objective is 0.7500. On the monthly chart an ugly H&S pattern has developed.

Still holding on to these trades since April 12 2012.

Now that the 0.81 weekly floor has been broken this thing is ready to unravel all the way to 0.75.

I had also taken a long USDCAD trade @1.0010 which I have closed since it is a non-starter and the rollover costs have not been paid off by holding it.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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dave.kim
#1868 Posted : Friday, May 11, 2012 1:42:20 PM
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Joined: 6/25/2010
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are those wedges forming on the EURUSD and USDCHF?
Rule No.1 is never lose money. Rule No.2 is never forget rule number one
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hisah
#1869 Posted : Friday, May 11, 2012 2:30:22 PM
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I wonder who is trading EURCHF. Since late Jan, this cross is static. Argh... They should just retire this cross. This is like trying to trade yuans or any controlled currencys...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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QW25091985
#1870 Posted : Friday, May 11, 2012 4:13:29 PM
Rank: User


Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
dave.kim wrote:
are those wedges forming on the EURUSD and USDCHF?


thought i was the only one who spotted then . i think this pairs are headed higher !
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QW25091985
#1871 Posted : Friday, May 11, 2012 4:17:16 PM
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Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
hisah wrote:
I wonder who is trading EURCHF. Since late Jan, this cross is static. Argh... They should just retire this cross. This is like trying to trade yuans or any controlled currencys...



what would happen if it ever went below 1.2000 . WOW all those stops being hit . i guess the ride will be great done just like the euro/$. but sadly thats the situation because the pair isint even bothered to go higher . i think i will pay close interest on this pair
then we have this interesting story
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Ceinz
#1872 Posted : Friday, May 11, 2012 4:20:11 PM
Rank: Veteran


Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
hisah wrote:
I wonder who is trading EURCHF. Since late Jan, this cross is static. Argh... They should just retire this cross. This is like trying to trade yuans or any controlled currencys...


When I hear talks of billions of stop below 1.2, or how far the peg may be raised, I usually go snooze. It's simply not worth the wait.
“small step for man”
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Ceinz
#1873 Posted : Friday, May 11, 2012 4:25:48 PM
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Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
QW25091985 wrote:
dave.kim wrote:
are those wedges forming on the EURUSD and USDCHF?


thought i was the only one who spotted then . i think this pairs are headed higher !


eur/usd looks like we forming a bottom, may rally to 1.3050 before we resume the downtrend. meanwhile the pound is being hit, sell rallies.
“small step for man”
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hisah
#1874 Posted : Friday, May 11, 2012 4:27:58 PM
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Joined: 8/4/2010
Posts: 8,977
QW25091985 wrote:
hisah wrote:
I wonder who is trading EURCHF. Since late Jan, this cross is static. Argh... They should just retire this cross. This is like trying to trade yuans or any controlled currencys...



what would happen if it ever went below 1.2000 . WOW all those stops being hit . i guess the ride will be great done just like the euro/$. but sadly thats the situation because the pair isint even bothered to go higher . i think i will pay close interest on this pair
then we have this interesting story

If EURCHF loses the peg support and SNB doesn't dig in to stem the selloff EURUSD will come off badly. I think SNB was very smart when they pushed the cross to 1.25 and sold their euros. If that is the case, then they won't support the peg! When the market realizes that gimmick, should it be the case, good luck euro bulls...

As for JPM massive prop desk losses, I did post something about it on the investor's lounge thread early morning (KE time). Was trending all day in asia. Honestly I like it when banksters such as JP Morgue get crimped by their own game. Serves them right smileApplause
Greece electorate have just started the wave that saves euroland from greedy and corrupt banksters who sold shady deals to the EU nations. It will not be biz as usual in euroland for a long time for the banking class smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1875 Posted : Friday, May 11, 2012 4:30:20 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Ceinz wrote:
QW25091985 wrote:
dave.kim wrote:
are those wedges forming on the EURUSD and USDCHF?


thought i was the only one who spotted then . i think this pairs are headed higher !


eur/usd looks like we forming a bottom, may rally to 1.3050 before we resume the downtrend. meanwhile the pound is being hit, sell rallies.

EURUSD rallies to 1.31 levels should be sold... This thing is going down.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1876 Posted : Monday, May 14, 2012 3:35:38 PM
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Joined: 8/4/2010
Posts: 8,977
Long opportunities spotted on USDZAR and USDSGD. The USDZAR has move ahead but still bullish. USDSGD is just developing. I will post the positions once taken...
Short position on EURGBP working out as expected. Now below 0.8000 opening up a test of 0.78 before 0.75.

Still watching like a hawk EURCHF cross. I need that peg floor to break before attempting any trades on CHF crosses. The euro is caught up in a boiler room. I will continue to sell euro rallies until debt and political conditions in euroland improve.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1877 Posted : Monday, May 14, 2012 3:39:49 PM
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Joined: 8/4/2010
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fxtech wrote:
hisah wrote:
USD is still flashing that it wants to mount another rally like back in May 2011... In Jan 2012 the brent and crude charts looked similar to this - we know how high the prices rallied.

USD strength signals a risk off spell. Global equity selling bout is on the cards.





Quit in agreement, Keeping close tabs with USD

Selling (shorting) the USD is dangerous biz as per this chart.
I am waiting to see how CBK will maintain USDKES under 90 going forward. The upcoming budget will be crucial in confirming if the 90 ceiling will be broken. Stay tuned...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1878 Posted : Monday, May 14, 2012 3:46:16 PM
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Gold and Silver medium term charts imply a selling bout is coming...



$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1879 Posted : Monday, May 14, 2012 3:51:29 PM
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Joined: 8/4/2010
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EURUSD chart

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1880 Posted : Monday, May 14, 2012 3:53:36 PM
Rank: Chief


Joined: 8/4/2010
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Yep. Liking the oil hammering... Iran war my foot smile



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