Wazua
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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Now US cannt agree on a debt ceiling raise . surely the gravity of this matter shld make these u.s politicians sober...lol anyway i am short the euro . Gold trading all-time highs again..
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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USDCHF getting cobblered in australia pre-market. So will SNB also now buy the USDCHF as it aims sub 0.80 Waiting to see USDJPY head sub 78 to see what BoJ does to defend 77. FX market is such a toon market these days. Run by interventionists and not traders... Soko gani hii? $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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@Qw - Gold hits $1623. Overdone in the short term & silver lagging confirms the same. Buy interest at $1550 - 1560 so I expect it to selloff. The higher it goes the stronger the selling will be... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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My week give away. Hisah wrote:The dollar swan song signals... Get ready for whiplash in euro & dollar pairs i.e. down up, up down crazy moves... QW25071985 wrote:Now US cannot agree on a debt ceiling raise . surely the gravity of this matter shld make these u.s politicians sober...lol anyway i am short the euro . Gold trading all-time highs again.. Lots of uncertainity this week. There will be crazy volatility, the comdolls recent bull moves will be checked. I'll be betting only on the sure risk aversion currency CHF. “small step for man”
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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Swissy crazy and the european session has barely opened. “small step for man”
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Ceinz wrote:Swissy crazy and the european session has barely opened. I'll ask again, will SNB buy USDCHF sub 0.80 and EURCHF sub 1.14 in coming days? CHF is on a tear just like gold and Mr Market cares less about the broke interventionists.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Italy cancels mid term and long term bond auctions for August... Spain is the game, Italy is just a distraction. http://www.morningstar.c...aspx?id=154672509754485
Aint I glad I still kept the silver trade alive. JP Morgue aka Morgan Metals Ltd is kicked out of LME (London Metal Exchange). At least the whistleblowers aka conspiracy theorists (Bill Murphy and Andrew Maguire) of precious metals manipulation get to win this time. CME margins are just about to become irrelevant in stopping the next silver move above $50... http://www.sfgate.com/cg...MQ6GRUKDSU5VBRS3J4QQ.DTL$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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WOW @hisah .you really saw it coming.today gbp/chf outdid itself with a fall of over 230 pips . lol . now eurodollar stuck in a 60 pip range.
well 8days remaining to u.s debt ceiling deadline...
@hisah . do your technicals point to silver above $50
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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QW25071985 wrote:WOW @hisah .you really saw it coming.today gbp/chf outdid itself with a fall of over 230 pips . lol . now eurodollar stuck in a 60 pip range.
well 8days remaining to u.s debt ceiling deadline...
@hisah . do your technicals point to silver above $50 Silver techs are not reliable, volume is. This metal is always clobbered by big banks with large short interests & they're known, but that is another story aka conspiracy...
The last time JP Morgue closed their commodity deskin US for good in Aug 2010 look what happened to gold & silver... The moment silver hit $50, CME started hiking margin rates like a wild hog. Rates still effective to date. Now traders are watching to see the same on gold, but this time this will blast this yellow thing above $1800 and they know it for it will be an admission the paper boat is soaking water fast 
CME again to the rescue on EURCHF last week with their margin rate bazooka. A knight in shining armor for the banksters indeed. Pathetic...
USDCHF to head sub 0.80 today. USDJPY slide sub 78, then shortly boosted to 78.80 and now aiming sub 78... This one will need viagra for steriods are ineffective! May be CME will have a better chance...?
AUDUSD back above 1.09, likely to test and break all time highs above 1.10.
NZDUSD prints new all time high above 0.87 level. This one has been on super steriods. No shorting yet, bull momentum still strong though overbought.
EURUSD must close above 1.46 this month to kill off the sell pressure.
GBPUSD likely to break 1.65.
USDSGD still breaking down all time lows now sub 1.21 with sub 1.20 likely. Too oversold, wanted to go long @1.21, but the bear is a hungry one.
At some point there will be a major USD reversal with all the extreme all time highs & lows. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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EURUSD and GBPUSD at critical resistance levels, from price action we myt see retracement or further bull moves on sustained break gbpusd 1.6365 area is the level to watch Eurusd 1.4508 area is price level to look out for probable retracement in the coming sessions Discipline & sticking to your strategy even when you loosing defines great traders.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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USDCHF sub 0.80 and bounces back to 0.8020. Sinking this one. USDJPY coming soon. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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@Hisah looks like USDCHF will bounce off that psychological level esp a triple zero. If nt thn we can enjoy a ride on the trend. Discipline & sticking to your strategy even when you loosing defines great traders.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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fxtech wrote:@Hisah looks like USDCHF will bounce off that psychological level esp a triple zero. If nt thn we can enjoy a ride on the trend. There is still scope for this thing to hit the bunkers below 0.78. At that level it is likely to bounce for some days.
USDJPY - amazing, it has refused to give in and let go of the 78. But when that level breaks it will plunge down to 76. At that level expect the yen short bazooka from a mad BoJ.
Silver selloff yesterday has cooled off today and it is now coiling up. The last time gold coiled up 3 weeks ago $1600 was broken... Stay tuned...
Gold is strangely flat at $1610 for 2 days, a parabolic move is on the cards - target $1650 - overbought, but momentum is up...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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hisah wrote:
USDJPY - amazing, it has refused to give in and let go of the 78. But when that level breaks it will plunge down to 76. At that level expect the yen short bazooka from a mad BoJ.
Broken, 77.0 level may be tested tomorrow. “small step for man”
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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Ceinz wrote:My week give away.
Lots of uncertainity this week. There will be crazy volatility, the comdolls recent bull moves will be checked.
Oops, comdolls recording historic highs against the dollar, Aud/usd now above 1.1 (strong cpi data), NZD/USD just touched 0.8760. The Euro ain't spared either. “small step for man”
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Ceinz wrote:Ceinz wrote:My week give away.
Lots of uncertainity this week. There will be crazy volatility, the comdolls recent bull moves will be checked.
Oops, comdolls recording historic highs against the dollar, Aud/usd now above 1.1 (strong cpi data), NZD/USD just touched 0.8760. The Euro ain't spared either. I gave you a hint yesterday on aussie. I've also stated for weeks now on not shorting the kiwi. Cando is stuck with big bro US issues. This is why I closed the EURCAD short last week.
Gold too just keeps pushing against euro, dollar & pound. While euro & pound gain Vs the dollar, gold gives the real money story. Silver is about to follow suit.
I had given up on long USDZAR, but now it back @6.6s zone. I had revised buy target up to 6.75, but it fell thru it like a boulder!
AUDCAD is forming an inverse H&S. It'll break above 1.05 all time high. Target 1.08 - 1.09.
But based on the US debt drama & eurozone debt drama, I'm sidelined
for now, but i'm looking for a BoJ yen short for quick gains. Aug 2nd tells the dollar story while Aug 20th tells the euro story. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 11/20/2009 Posts: 1,402
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he...and here is where I say..maximum respects to the discussants!.. and arent they few....i have had to google and google..enyewe SALUTE!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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AUDUSD testing all time highs. Critical zone for reversal on failure to break above. NZDUSD still at all time highs. USDJPY sub 78. BoJ Tension... USDCHF sub 0.80 EURCHF sliping back to 1.14. SNB Critical... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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hisah wrote:Ceinz wrote:Ceinz wrote:My week give away.
Lots of uncertainity this week. There will be crazy volatility, the comdolls recent bull moves will be checked.
Oops, comdolls recording historic highs against the dollar, Aud/usd now above 1.1 (strong cpi data), NZD/USD just touched 0.8760. The Euro ain't spared either. I gave you a hint yesterday on aussie. I've also stated for weeks now on not shorting the kiwi. Cando is stuck with big bro US issues. This is why I closed the EURCAD short last week.
Gold too just keeps pushing against euro, dollar & pound. While euro & pound gain Vs the dollar, gold gives the real money story. Silver is about to follow suit.
I had given up on long USDZAR, but now it back @6.6s zone. I had revised buy target up to 6.75, but it fell thru it like a boulder!
AUDCAD is forming an inverse H&S. It'll break above 1.05 all time high. Target 1.08 - 1.09.
But based on the US debt drama & eurozone debt drama, I'm sidelined
for now, but i'm looking for a BoJ yen short for quick gains. Aug 2nd tells the dollar story while Aug 20th tells the euro story. Wish I had heeded on AUD, any way took NZD/USD long trade in green but will exit any time from now. USD/ZAR at good buy level, but one has to be patient for this deebt drama to clear. On the look out for the BOJ intervention too. “small step for man”
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Still watching the gold and silver parabolic fireworks about to go nutsy...!? Silver is threatening a major parabolic move above $42 level and yesterday's coiling up suggests $45 will be tested in coming days. NOTE: JP Morgue was kicked out of LME last week and silver all over sudden finding its mojjo... USDCHF - bouncing off sub 0.80 on the 2nd day. Bears had better convincingly clear 0.7950 to maintain down pressure. AUDUSD - If it clears 1.11 it will fly away... USDSGD - broken below 1.20 and bounced. Same behaviour as USDCHF... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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