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Realities of Forex Investment
Cde Monomotapa
#1041 Posted : Wednesday, June 29, 2011 4:42:16 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Ceinz wrote:
Cde Monomotapa wrote:

Ok...even the dialect is different. I am interested in an exchange program. smile


From stocks to fx?

no, no. Of Fx & stocks. So we can learn from each other.
hisah
#1042 Posted : Wednesday, June 29, 2011 7:35:39 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Ceinz wrote:
hisah wrote:
Trade update - EURCAD lot size 0.5 short stopped out @1.4110 - 1000 pips bagged... The larger lot is still in play with SL @ 1.4210.


This means that u must have held the trade(s) from around dec 2009/ Jan 2010. You must be a diffent creature altogether.Pray


Hapana, I'm just a 'normal creature' smile

I can't take a year trade unless I'm a global bankster... Don't have that liquid or access to inkjet printers to mint money from thin air...

I took the EURCAD trade on June 9 after the ECB & BOE rate decision meetings... So far, been stopped out on USDCHF at zero loss and EURCAD at 1000 pips on the small position. The large position (size 1.0) is still active but I expect the euro to tank. The Greece vote feel good effect will ebb away due to the rioting on the streets with Syntagma square turning into another Tahrir Square... It is May - July 2010 again and I'll keep on saying, SELL the EURO.

QW - umejificha wapi...

http://www.wazua.co.ke/f...amp;m=183644#post183644


$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1043 Posted : Wednesday, June 29, 2011 7:43:28 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Interesting market moves today in FX after the Greece vote goes the banksters way...

EURUSD up by 100 pips. At the same time USDCHF up by 60 pips.
Oil up 2% plus raising the commodo currencies - AUD, NZD and CAD.
Global markets are slightly up. I was expecting them to surge?!

So why does the apple market smell like the onions...

EURUSD and USDCHF inverse relation is disconnected... So who's the liar here? The euro. Why? Well the USDCHF prints a new all time low and bounces immediately even before the vote outcome and still stays up.

Tomorrow is June 30th. End of QE2.0... That too is making the markets smell like onions...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Ceinz
#1044 Posted : Thursday, June 30, 2011 8:59:51 AM
Rank: Veteran


Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
hisah wrote:

Hapana, I'm just a 'normal creature' smile

I can't take a year trade unless I'm a global bankster... Don't have that liquid or access to inkjet printers to mint money from thin air...

I took the EURCAD trade on June 9 after the ECB & BOE rate decision meetings... So far, been stopped out on USDCHF at zero loss and EURCAD at 1000 pips on the small position.



Eeza, mistread my charts.

Meanwhile, EUR/GBP is back to you short levels 0.9XX

Eeh, the commodos have soared.

Today, end of QE2, UUWiii.
“small step for man”
QW25071985
#1045 Posted : Thursday, June 30, 2011 9:52:22 AM
Rank: Veteran


Joined: 3/25/2011
Posts: 946
Euro is finding trend ?????????????????. Laughing out loudly for four days it has been rallying...what if the end of QE2 has already been factored into the price. i see a break to 1.47786 for euro dollar.
Cde Monomotapa
#1046 Posted : Thursday, June 30, 2011 1:01:13 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Ceinz wrote:
hisah wrote:

Hapana, I'm just a 'normal creature' smile

I can't take a year trade unless I'm a global bankster... Don't have that liquid or access to inkjet printers to mint money from thin air...

I took the EURCAD trade on June 9 after the ECB & BOE rate decision meetings... So far, been stopped out on USDCHF at zero loss and EURCAD at 1000 pips on the small position.



Eeza, mistread my charts.

Meanwhile, EUR/GBP is back to you short levels 0.9XX

Eeh, the commodos have soared.

Today, end of QE2, UUWiii.

USD strength over time? (excess) Liquidity finally headed to main street? (as initially intended)
hisah
#1047 Posted : Thursday, June 30, 2011 5:30:39 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
QW25071985 wrote:
Euro is finding trend ?????????????????. Laughing out loudly for four days it has been rallying...what if the end of QE2 has already been factored into the price. i see a break to 1.47786 for euro dollar.


Ah yes... You appear again smile

I'll be using you as the euro selling signal smile

I'm watching the Greece parliament 2nd round vote live and so far the banksters will win yet again...

So today we have the euro still stuck between 1.44 and 1.45 and the USDCHF is up 100 pips from yesterday... Why? Market talk is SNB has decided to kill the CHF longs from the EURCHF cross. Huge 200pip move. This points something out from the SNB. If the EURCHF cross hits 1.2000, time to go long. This means the 0.8300 is now a floor for USDCHF. An opportunity to short the CHF is being flagged by SNB. So, if the EURCHF falls to 1.15 - 1.18, expect a giant CHF short squeeze from SNB.

QW - that's how bullish the euro is... Ching buying and SNB intervention... Onions continued...

I'm trying to size up a yen long trade on AUDJPY or CADJPY. Goldman sucks is snooping AUDJPY longs so I will avoid it. I'll take a small (lot size 0.1) long CADJPY at market @83.60 to test the momentum. Risky...


$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1048 Posted : Thursday, June 30, 2011 5:57:12 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Ceinz wrote:

Meanwhile, EUR/GBP is back to you short levels 0.9XX

Eeh, the commodos have soared.

Today, end of QE2, UUWiii.


EURGBP above 0.90 is a short magnet. But this play is not very comfy for now since BoE last meeting minutes hint to dovish sentiments... I'll avoid it for now.

Btw the NZDUSD has burst above 0.83. Significant... Assuming the Fed does a QE3.0, the bull target is 1.10 as per the charts - around 2K big figures... smile

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1049 Posted : Thursday, June 30, 2011 6:23:22 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
@Ceinz - https://twitter.com/#!/PIMCO/status/86427619062587393 - who will buy the bonds after today...?

Taking long XAU/USD at market @1505 and adding to the other long term gold positions. Gold looks poised for a knee jerk push up from the long term charts.

Also taking long XAG/USD @34.90 - silver shaping up. Now I sit tight...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1050 Posted : Sunday, July 03, 2011 10:59:18 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Pre Asia open flat. Only the CADJPY position is in gains since my Thur trades. Gold & silver under water. Quite interesting esp silver's dive.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1051 Posted : Wednesday, July 06, 2011 8:29:59 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Trade update - closed CADJPY at market for a measly 40pips. Strange that yen crosses are dead, zero momentum up or down!?

Gold & silver back in the green.

Still holding the large EURCAD short - almost a month now. Euro is still a sell, no momentum up unless ching buy or interventions. Pathetic to say the least.

Interesting to note EURCHF is retracing SNB's steriods in just 3 trading days! 1.200 is approaching. Then anatha steriod jab will be injected. In fx it is legal to take booster drugs to win a race smile

Oil wants to rally...

Update - EURCAD long term. Very dicey for euro bulls...

http://www.zerohedge.com...eroot/draghi/EURCAD.jpg
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1052 Posted : Wednesday, July 06, 2011 5:55:57 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
And just like that EURCHF breaks below 1.2000. 300pips of SNB intervention wiped out in 3 trading days! Pathetic. SNB must have used the generic steriods instead... Anyway 1.15 - 1.18 is the intervention zone for the euro bulls...

Qw - Please watch the Portugal and Italian CDS sparks... When the PIIGS CDS sparks cool off, long euro will be safe... For now, avoid it unless if you buying with the ching masters or know the interventionists personally smile

Waiting for USDZAR and USDSGD to break below 6.61 and 1.22 is taking the loooongest time... I'm running out of patience... Need them down there to go long!?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
QW25071985
#1053 Posted : Wednesday, July 06, 2011 7:01:26 PM
Rank: Veteran


Joined: 3/25/2011
Posts: 946
i cannot complain about today @hisah...nice move.
i had to ditch my euro bull cap though...

looking at eurodollar daily chart 100 ma has provided support ALLOT of times.and fall to that place is a chance to buy more....

QW25071985
#1054 Posted : Thursday, July 07, 2011 8:06:56 PM
Rank: Veteran


Joined: 3/25/2011
Posts: 946
QW25071985 wrote:
i cannot complain about today @hisah...nice move.
i had to ditch my euro bull cap though...

looking at eurodollar daily chart 100 ma has provided support ALLOT of times.and fall to that place is a chance to buy more....



i hope u took my advice and awaaaaaaaaaaaaaaay the euro goes.already plus 70 pip in profit.i hope nfp doesnt spoil the party tomorrow.
hisah
#1055 Posted : Thursday, July 07, 2011 8:22:37 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
QW25071985 wrote:
QW25071985 wrote:
i cannot complain about today @hisah...nice move.
i had to ditch my euro bull cap though...

looking at eurodollar daily chart 100 ma has provided support ALLOT of times.and fall to that place is a chance to buy more....



i hope u took my advice and awaaaaaaaaaaaaaaay the euro goes.already plus 70 pip in profit.i hope nfp doesnt spoil the party tomorrow.

Laughable to say the least... Because: -

1. ECB hikes interest rates by 25bps (expected) with a crappy debt scenario. Just to convince the markets all is well. Pathetic...

2. ECB Suspends Rating Requirement For Portuguese Collateral.

3. Portugal's Bank Association chief says country's rating cut to have no practical impact on Bank's ECB financing.

4. Not forgetting the interventionists aka SNB via EURCHF. Below 1.20 all the way to 1.1950 and in comes the steriod booster jab and we back at 1.21. So bullish smile

I expect to get my loot on EURCAD short 200% even as the flowery language circus continues from those that think they control the market smile

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1056 Posted : Saturday, July 09, 2011 9:17:01 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
EURCHF - The steriods aint working at all. 1.15 - 1.16 should get SNB going for an OD injection on EURCHF to force the steriods to work on this junkie cross.
Someone has another view on the same.

http://www.dailyfx.com/f...8.2_Fibo_at_1.1930.html

@ceinz - EURGBP rejected by .90xx again

Next week ching report Q2 GDP. I'm waiting to see the inflation effect. Next Friday 15th, EBA presents eurozone bank stress test results. This is a euro bull springboard. Failure to launch means the euro sells off heavily. @Qw get ready smile

Gold/silver up and gone with NFP bad surprise continuation. I wonder why the market is surprised with the US econ onions... Minnesota state gubberment is shutdown as of July 1st...

COT's report shows futures on aussie contracts swelled as traders pile up against the dollar.
Buying AUDKES or CHFKES is looking easy. @guru is on aussie while I prefer the swissie.

NZDUSD all time highs. Retail shorts double. Retail shorts getting squeezed. I'll say it again. If Fed bank launches another USD paper printing scheme aka QE3.0, this cross will hit 1.10. If one was to bet on 1 lot size, 20k gains would easily land in ur account...

Still holding on EURCAD short. It is a month old today with a nice red candle...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
QW25071985
#1057 Posted : Saturday, July 09, 2011 11:41:06 AM
Rank: Veteran


Joined: 3/25/2011
Posts: 946
Thats a resilient euro. to say the least... that 100 sma on daily chart on e/u must be the line on the sand for the bulls..We are still in that triangle consolidation on daily chart..this is getting very interesting..
hisah
#1058 Posted : Sunday, July 10, 2011 6:54:40 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977


So this week Italy CDS will be the news. Too predictable this banksters game...

@Qw - the euro is indeed 'steely' resilient... ECB will need a pipeline of steriods and not a mere syringe...

The dollar swan song is also coming...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
QW25071985
#1059 Posted : Sunday, July 10, 2011 6:58:02 PM
Rank: Veteran


Joined: 3/25/2011
Posts: 946
a two month long peanut on euro dollar needs to be resolved and the ensuing volatility will be BIG !!!!!!!!!!!!!!!!!!!


http://www.actionforex.c...tors/fxa/2011070811.gif


@ hisah . Donot even dare to short if it bursts to the upside
hisah
#1060 Posted : Sunday, July 10, 2011 7:04:39 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
QW25071985 wrote:
a two month long peanut on euro dollar needs to be resolved and the ensuing volatility will be BIG !!!!!!!!!!!!!!!!!!!


http://www.actionforex.c...tors/fxa/2011070811.gif


@ hisah . Donot even dare to short if it bursts to the upside


I don't trade the ugly sisters cross aka EURUSD. If this were a perfect world this cross and EURCHF should have been suspended. The euro is currently suffering from junckeritis if you know juncker that is...
Oh, I'm already short the euro - EURCAD - a whole month now, remember...

Update - forgot to say I'm adding Unicredit Spa (Italian bank) to my bad bank lists that need to be shorted via options... The other 2 - credit agricole and Dexia still remain as short candidates.

On a lighter note, a "Berlusconi put" would also be profitable as he gets kicked out...

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