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Realities of Forex Investment
hisah
#1081 Posted : Tuesday, July 12, 2011 8:44:23 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
And here we go again. Gold on steriods... @1560/$ and still printing all time highs against the euro and UK pound. Is some central planner spewing the usual political froth in Europe or US in terms of how everything is fine and everybody to take life easy...

Why Mr Anderson do you keep fighting... http://www.youtube.com/watch?v=El0edazuIbQ

Because I believe... http://www.youtube.com/w...u4ns&feature=related
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
tonicasert
#1082 Posted : Wednesday, July 13, 2011 7:20:27 AM
Rank: Member


Joined: 3/10/2008
Posts: 301
Location: Abu Dhabi
hisah wrote:
ISDA really did something very silly by ensuring no EU CDS would trigger during a credit event. If one is exposed in this deathly eurozone market, the only way to hedge your positions is to sell out... How do they expect the euro not to be sold? Danderheads...


Hi, interesting. Does that mean even negotiated ISDA agreements will be over-ridden by such waiver of a credit event? You have a link?
Ceinz
#1083 Posted : Wednesday, July 13, 2011 8:51:00 AM
Rank: Veteran


Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Long NZD/USD @ 0.8220, SL 0.8185, Tp Open.
“small step for man”
Ceinz
#1084 Posted : Wednesday, July 13, 2011 5:29:46 PM
Rank: Veteran


Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Ceinz wrote:
Long NZD/USD @ 0.8220, SL 0.8185, Tp Open.


Trade bouyed by BB speech. Looks like previous highs will be taken out.

AUD/JPY long trade taken about the same time also doing gr8t. Bullish risk sentiment.
“small step for man”
QW25071985
#1085 Posted : Wednesday, July 13, 2011 6:03:12 PM
Rank: Veteran


Joined: 3/25/2011
Posts: 946
i am long euro ( am sure @ hisah doesnt wanna here this, Laughing out loudly Laughing out loudly ). with no take profit.
Reason looking at daily we have been supported by 200 sma
hisah
#1086 Posted : Wednesday, July 13, 2011 6:40:04 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
tonicasert wrote:
hisah wrote:
ISDA really did something very silly by ensuring no EU CDS would trigger during a credit event. If one is exposed in this deathly eurozone market, the only way to hedge your positions is to sell out... How do they expect the euro not to be sold? Danderheads...


Hi, interesting. Does that mean even negotiated ISDA agreements will be over-ridden by such waiver of a credit event? You have a link?


http://www.businessweek....ds-isda-s-geen-says.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1087 Posted : Wednesday, July 13, 2011 7:29:48 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
QW25071985 wrote:
i am long euro ( am sure @ hisah doesnt wanna here this, Laughing out loudly Laughing out loudly ). with no take profit.
Reason looking at daily we have been supported by 200 sma


Ah, there you are on a euro up day - 300pips up courtesy of BB aka The Bernank put talk i.e. a hint at QE3.0... smile

Can I tell you a secret - for @Qw's eyes only smile

Tomorrow Italy will be selling bonds...

While the markets are now on a tear due to The Bernank put suggestion which has put the USD on a selling missile, in Europe the Irish bonds 2yr note yields surges to Euro era record of 19.16%. I won't even bother with the 10yr... At the same time Portuguese and Greece yields also on a tear... Euro bulls are about to be reminded that wheels can come off dramatically smile


The Bernank live speech - http://www.c-span.org/Live-Video/C-SPAN3/

I'm watching the USDCHF and USDJPY. Soon it will be BoJ's turn to turn on the steriods on the USDJPY.

Every BB utterance is pushing gold to new all time highs against the dollar, euro, pound etc... Silver is on a tear too.

@Qw - soon the onions will turn to black pepper. Stay tuned and keep watching gold smile

There is a reason I'm smiling 4 times... Angel Dancing


$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1088 Posted : Wednesday, July 13, 2011 8:43:47 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
@Qw - Do you know what happens to nations that are downgraded to CCC level aka triple hooks? What was that word again, credit event... default or bankruptcy or foreclosure or kufilisika etc... Mind you we have just bailed out out this greeks and the chings been buying the euros....

Read this - http://abcnews.go.com/Bu...s/wireStory?id=14063811

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Ceinz
#1089 Posted : Thursday, July 14, 2011 4:14:52 AM
Rank: Veteran


Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Trade update.
Ceinz wrote:

Long NZD/USD
Long AUD/JPY

Yeepee,NZD/USD tp was hit (+280 pips), boosted by way above expectation NZ GDP quarterly data.

AUD/JPY trade in the green, but am skeptical about it. Will exit manually at some point.
“small step for man”
hisah
#1090 Posted : Thursday, July 14, 2011 4:42:22 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
@Ceinz - good for you smile
I had told @fxtech to be careful shorting kiwi,its a beast at the moment, but he made pips out it. Still in all time high zone so shorting NZDUSD is suicidal. At some point I expect it to do an aussie dive.

@Qw - you'll be pleased to see EURUSD up 400pips in 2 days courtesy of BB bucks & Moodys US AAA downgrade threat if debt ceiling aint hiked... US stocks & USD tanking. Dont forget the Italian bond auction today. A fail will send that euro plunging back...

CAD bulls like myself now on alert after that Moodys threat...

Gold continues to smash record highs Vs dollar, euro & pound while USDCHF & its sister EURCHF continue printing all time lows...
SNB loses the floor of 1.15 on EURCHF. When they strike back, expect a flood of tomahawks of CHF shorts. A 500 pip move could be unleashed to kill EURCHF short sellers
en mass.

USDJPY below 79 is an ER patient & Dr Shirakawa will be injecting steriods soon. If not, operation G7 will kick in. Avoid yen longs...

Today will be a fireworks day... Watch closely smile

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Ceinz
#1091 Posted : Thursday, July 14, 2011 11:55:50 AM
Rank: Veteran


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

AUD/JPY trade in the green, but am skeptical about it. Will exit manually at some point.


Trade exited, (+36) pips. I christen this pair beast no. 2, after Gebby, quite slippery. If Mr. Shirakawa roars, as Hisah is predicting, then this is the pair to watch. Potential to bounce 250 pips.
“small step for man”
fxtech
#1092 Posted : Thursday, July 14, 2011 12:16:03 PM
Rank: Member


Joined: 5/31/2010
Posts: 325
Location: NAIROBI
trading long EURAUD EURCAD GPBCHF

WATCHING Long setups on eurgpb, gpbjpy

Eurchf forming a 5-0 pattern we myt see it crawl higher
Discipline & sticking to your strategy even when you loosing defines great traders.
hisah
#1093 Posted : Thursday, July 14, 2011 8:10:23 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Gold seems to want to take out stops at $1600. TP placed @1600 for gold position taken on June 30th. Gold up more than 9 trade days. Longest streak since 2008.

@Qw is queit again. Euro to slip overnight as Irish 2yr note yields continue setting euro era highs. Now above 21%. Euro liquidity tension...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Cde Monomotapa
#1094 Posted : Thursday, July 14, 2011 8:21:49 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Mark my words...this gold is the next Tulip. A "use less" piece of metal held up by perception going up in price y-o-y. *beauty is in the eye of the beholder and then it fades......
hisah
#1095 Posted : Thursday, July 14, 2011 10:21:42 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Cde Monomotapa wrote:
Mark my words...this gold is the next Tulip. A "use less" piece of metal held up by perception going up in price y-o-y. *beauty is in the eye of the beholder and then it fades......

As long as ponzinomics is still functional this yellow chuma is heading up. 30yrs of debt accumulation while chuma up only 10yrs, still more juice to come as the debt bubble deflates. Then and only then it turns into tulips smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Cde Monomotapa
#1096 Posted : Friday, July 15, 2011 5:31:50 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
hisah wrote:
Cde Monomotapa wrote:
Mark my words...this gold is the next Tulip. A "use less" piece of metal held up by perception going up in price y-o-y. *beauty is in the eye of the beholder and then it fades......

As long as ponzinomics is still functional this yellow chuma is heading up. 30yrs of debt accumulation while chuma up only 10yrs, still more juice to come as the debt bubble deflates. Then and only then it turns into tulips smile

Amen.
hisah
#1097 Posted : Saturday, July 16, 2011 12:48:21 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
CME now working on behalf of the SNB: Hikes RF (EURCHF) margins - Euro bears must be killed. Signed SNB... SNB, EU & ECB central planners getting desperate. And they thought they'd control markets forever. smile

http://www.cmegroup.com/...ng/files/Chadv11-245.pdf
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Ceinz
#1098 Posted : Saturday, July 16, 2011 12:55:44 PM
Rank: Veteran


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

CME now working on behalf of the SNB: Hikes RF (EURCHF) margins - Euro bears must be killed. Signed SNB... SNB, EU & ECB central planners getting desperate. And they thought they'd control markets forever. smile

http://www.cmegroup.com/...g/files/Chadv11-245.pdf


The height of desparation.
“small step for man”
hisah
#1099 Posted : Monday, July 18, 2011 5:19:26 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Anyone had a look at the long term EURCHF chart? This cross is nosediving to oblivion. No wonder SNB & EU have enlisted CME services smile
Fast money is furiously swapping euros for swissie. This cross is destined to break parity (1.0000) just like USDCHF.

@Qw - look at EURUSD long term chart. A proper break thru 1.39s send it down to 1.37s, before solid support at 1.35s. Below 1.35 comes 1.30. Unless this cross closes in a month above 1.45, it is destined to test 1.30 or worse 1.25 before the selling is done.

USDJPY is refusing to fall thru 78. At that point I'd consider a long on BoJ's yen short missile. I guess EURJPY has to break 108, for that missile to fly. CADJPY, AUDJPY & GBPJPY would be my fav long trades until the missile fades - usually 2 days.

Gold high at $1598 in asia, $1600 will be taken out in euro or US trade sessions. Revising TP to $1610, rally overdone for now on short term.

Scoping USDSGD now that it managed to break below 1.22. I'm looking for longs!? Extremely oversold. But have to wait for Jul 22 - Aug 2 to decide which US chips fall.

USDZAR has refused to test 6.61 for a long trade.

Ug shilling is a mess, looks poised to test 3000 vs dollar. Food riots & labor protests coming up...

Quite interesting to note USDKES fell 13% and now NSE too is 13% down since Jan...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Ceinz
#1100 Posted : Monday, July 18, 2011 8:54:49 AM
Rank: Veteran


Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Good Hisah, ur market insight is spot on. Am with u on the yen.
“small step for man”
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