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Realities of Forex Investment
hisah
#1101 Posted : Tuesday, July 19, 2011 5:02:55 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Yesterday was a crazy day in europa land. Unicredit stock on selling circuit breakers aka market trade suspended smile

Greece 2yr notes yields now overtake the Irish. 35% and climbing. ECB will be forced to hike rates or things will be 'hot'. I expect the Italians to freeze their equities market today as the liquidity tension becomes too tight.
CME EURCHF margin hike working wonders for now against swissie bulls. For how long tho... Life time of a day, week, month; we will see smile

Gold eventually takes out $1600 & cleans out many short sellers from $1560 (former triple top - short term). Still printing all time highs vs big 3 paper cash - dollar, euro & uk pound. I stopped calculating its gains against the USD & Dow since 2009 to avoid annoying the central planners for their 'good' job. If the fireworks fallout comes as expected in Q4, a blowoff parabolic past $1800 is possible by Dec 2011?!

Some smelly onions in UK. Stay tuned...

The silver trade is still active but too slow. CME margin hikes still effective despite the price collapse from $50 to $32. Central planners & their fraudster goons have a fetish of selling this thing. When they lost control in May 2011, they enlisted CME's futures market mercenary services. Let's see CME hike gold trade margins smile

Central planners still appear to be in control, but just an illusion smile

Gold breaking out of $1000 is when they lost control of the wheel of the ship.

I'm now tired of the europa & US muppet shows. Can they decide today which chips are going down. The world is still stuck at one dating scene since 2008.
Boring romance this... Sad
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
QW25071985
#1102 Posted : Tuesday, July 19, 2011 7:50:55 AM
Rank: Veteran


Joined: 3/25/2011
Posts: 946
hisah wrote:
Yesterday was a crazy day in europa land. Unicredit stock on selling circuit breakers aka market trade suspended smile

Greece 2yr notes yields now overtake the Irish. 35% and climbing. ECB will be forced to hike rates or things will be 'hot'. I expect the Italians to freeze their equities market today as the liquidity tension becomes too tight.
CME EURCHF margin hike working wonders for now against swissie bulls. For how long tho... Life time of a day, week, month; we will see smile

Gold eventually takes out $1600 & cleans out many short sellers from $1560 (former triple top - short term). Still printing all time highs vs big 3 paper cash - dollar, euro & uk pound. I stopped calculating its gains against the USD & Dow since 2009 to avoid annoying the central planners for their 'good' job. If the fireworks fallout comes as expected in Q4, a blowoff parabolic past $1800 is possible by Dec 2011?!

Some smelly onions in UK. Stay tuned...

The silver trade is still active but too slow. CME margin hikes still effective despite the price collapse from $50 to $32. Central planners & their fraudster goons have a fetish of selling this thing. When they lost control in May 2011, they enlisted CME's futures market mercenary services. Let's see CME hike gold trade margins smile

Central planners still appear to be in control, but just an illusion smile

Gold breaking out of $1000 is when they lost control of the wheel of the ship.

I'm now tired of the europa & US muppet shows. Can they decide today which chips are going down. The world is still stuck at one dating scene since 2008.
Boring romance this... Sad


if the euro starts factoring in a possible rate hike we might as well ride the wave..
hisah
#1103 Posted : Tuesday, July 19, 2011 2:00:33 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
@Qw - We're in March 2008. The euro is going down. Even with 1000 rate hikes and the eurozone CDS drama says so. US CDS rates also at all time high. Such a spiked debt cocktail this...

So now we add Commerzbank & Deutsche bank to the shorting list.


Trade update - Gold TP hit - 1102 pips. Short term rally overdone. Next buy target $1550 - 1560.

I'll manually stop the silver position by end of week as it looks heavy above $40.

EURCHF still working wonders smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1104 Posted : Wednesday, July 20, 2011 7:06:42 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
EURCHF still doing great...Liar If anything CME margins have helped USDCHF more?

Gold after printing $1610.xx high yesterday, it got cobbered as expected. Slides down to 1588. Overbought for now.

NZDUSD still at all time highs, but 0.86 looks to be a strong barrier. No shorting for now. However the longer it fails to break 0.86, the bigger the selling will be when the time comes. It's struggling just like AUDUSD @1.10 level. But compared with the aussie, the kiwi is more overvalued without fundies esp after that crazy quake. That should warn the kiwi bulls that when selling ensues it'll be large.

USDZAR tests 7.00 level. Inflation picking & labor unrests in SA. This cross will test 7.50 in coming months. Buy target moved from triple bottom 6.60 to 6.75.

USDSGD still waiting to see what it does with 1.21s... Oversold, but still heavy.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Ceinz
#1105 Posted : Thursday, July 21, 2011 8:56:15 AM
Rank: Veteran


Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
What is algorithmic trading? Here's everything you need to know...



FX algorithmic trading infographic courtesy of Interbank FX
“small step for man”
QW25071985
#1106 Posted : Thursday, July 21, 2011 9:44:50 AM
Rank: Veteran


Joined: 3/25/2011
Posts: 946
looking to short the eurodollar today from 1.4290 - 61.8 fib level ...
hisah
#1107 Posted : Thursday, July 21, 2011 8:21:23 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Euro surging on EFSF statement to buy bad bonds. Europe's QE... Pathetic broke ass that doesn't have to print like the US Fed. If EURUSD closes below 1.46 this month, the euro selling continues...

The US debt ceiling drama continues. Markets surging on debt compromise for the next 60 days. Yap, these days markets are driven by short term fix. Long term is now short term and vice versa. Central planners completely out of control...

August 20th - Sept 18 2011 is the timeframe smile
Then we shall see how in 'control' the central planners are...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
QW25071985
#1108 Posted : Thursday, July 21, 2011 11:44:21 PM
Rank: Veteran


Joined: 3/25/2011
Posts: 946
never seen such a spike in the euro-dollar...WOW ..
hisah
#1109 Posted : Friday, July 22, 2011 3:06:55 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
QW25071985 wrote:
never seen such a spike in the euro-dollar...WOW ..

Hmmm... When did u start fx trading? And please don't mention 2008 or before March 2009.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1110 Posted : Friday, July 22, 2011 3:27:31 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
With EFSF today having 'guaranteed' a blank bailout cheque to all PIIGS & others, will ze germans agree to absorb this debt as large as 32% of their GDP? Should France cough, that leaves Germany as the de facto funding state with that debt beyond 50% of their GDP. If PIIGS cut some of debt esp Greece, that will be a selective default.

These game is too boring. The masters have completely lost their entertainment charm.

Trade update - manually closed EURCAD short (lot size 1.0) taken on June 9th @1.4310. Closed @1.3563 for 7216pips. I'm done with euro shorts for now. In a few weeks time another shorting opportunity will arise. For now let the bulls ride the mad cow steriods. Note the EURCHF was hardly moved by that EURUSD spike...

Yen shorts coming up. BoJ is about to unleash a missile. Watch USDJPY break below 78 for some interesting action...

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Mr Green
#1111 Posted : Friday, July 22, 2011 4:26:11 AM
Rank: Member


Joined: 10/3/2006
Posts: 19
Location: UK
Hisah,how is 1.4310 to 1.3563 7216 pips
In every game and con there is always a victim and there is always an opponent. It’s good to know when you are the former so you can become the latter.
dave.kim
#1112 Posted : Friday, July 22, 2011 9:55:42 AM
Rank: Member


Joined: 6/25/2010
Posts: 176
QW25071985 wrote:
never seen such a spike in the euro-dollar...WOW ..

QW.I went short same time as u coz i noticed a double top had formed.took my first profits early, then during midday i got greedy and went short again thinkn that a continuation will happaen after the resistance. When I checked my charts again i was like Dear Lord!!!
Good thing is am still on the demo account. looks like I still have a lot more to learn
@HISAH, when did u start trading the forex?
Rule No.1 is never lose money. Rule No.2 is never forget rule number one
hisah
#1113 Posted : Friday, July 22, 2011 12:51:30 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Mr Green wrote:
Hisah,how is 1.4310 to 1.3563 7216 pips

Lot size 1.0 is x10 leverage i.e. 1 pip = 10 pips. Actual pips = 737 = 7370 less the rollover fees. Comprehende.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
QW25071985
#1114 Posted : Friday, July 22, 2011 1:51:28 PM
Rank: Veteran


Joined: 3/25/2011
Posts: 946
hisah wrote:
QW25071985 wrote:
never seen such a spike in the euro-dollar...WOW ..

Hmmm... When did u start fx trading? And please don't mention 2008 or before March 2009.


hahaha. just exited to hit a cool 200 pips in a day with yesterdays volatility. lol
tonicasert
#1115 Posted : Friday, July 22, 2011 4:52:19 PM
Rank: Member


Joined: 3/10/2008
Posts: 301
Location: Abu Dhabi
hisah wrote:
Mr Green wrote:
Hisah,how is 1.4310 to 1.3563 7216 pips

Lot size 1.0 is x10 leverage i.e. 1 pip = 10 pips. Actual pips = 737 = 7370 less the rollover fees. Comprehende.


@ Hisah. Though you have good posts, I disagree on this one for the sake of definition to others. A pip is the fourth decimal of a ccy pair price, and cant be leveraged, or changed in any way.
hisah
#1116 Posted : Friday, July 22, 2011 5:08:35 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
tonicasert wrote:
hisah wrote:
Mr Green wrote:
Hisah,how is 1.4310 to 1.3563 7216 pips

Lot size 1.0 is x10 leverage i.e. 1 pip = 10 pips. Actual pips = 737 = 7370 less the rollover fees. Comprehende.


@ Hisah. Though you have good posts, I disagree on this one for the sake of definition to others. A pip is the fourth decimal of a ccy pair price, and cant be leveraged, or changed in any way.



@Tony - yes. My bad. $$$ instead smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Paul_Physics
#1117 Posted : Friday, July 22, 2011 9:10:34 PM
Rank: Hello


Joined: 7/3/2011
Posts: 1
That's good advice.You need to have the facts inorder to scoop wins in investments.
hisah
#1118 Posted : Saturday, July 23, 2011 7:49:43 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
dave.kim wrote:
QW25071985 wrote:
never seen such a spike in the euro-dollar...WOW ..

QW.I went short same time as u coz i noticed a double top had formed.took my first profits early, then during midday i got greedy and went short again thinkn that a continuation will happaen after the resistance. When I checked my charts again i was like Dear Lord!!!
Good thing is am still on the demo account. looks like I still have a lot more to learn
@HISAH, when did u start trading the forex?

@Dave - 2006. Then buying EURUSD & EURJPY was the game. Euro was king, almost like gold at the moment - buy side bias. But since March 2008 when bear stearns gave all traders a wake up call, euro went of bull steam. The game changed so much that news events & policy makers statements have wild effects making the market a casino currently. Trading larger accounts e.g. $15000 enables one to aim for long term trades to try & avoid the short term madness.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1119 Posted : Saturday, July 23, 2011 9:11:37 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
EURNOK - Up on Norway's terror attack. Is someone in Oslo uncomfy with the current EFSF smokes & mirror blank cheque ponzi... Some moves are becoming to obvious.
Sharp turn ahead... The US was supposed to agree on debt ponzi yesterday, they didn't...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1120 Posted : Sunday, July 24, 2011 6:43:01 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
The dollar swan song signals... Get ready for whiplash in euro & dollar pairs i.e. down up, up down crazy moves...

http://in.mobile.reuters...76N04620110724?irpc=932

And also watch this stock BoA or BAC. If this thing breaks below $9.50, the XLF index and a number of bank stock will trip downside...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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