Wazua
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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Still in: SHORT USDCHF SHORT USDJPY Wl watch weeks close to determine if to exit its been week of riding esp on usdchf Trades entered: Longterm SHORT AUDNZD LONG EURAUD 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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Trades taken today after BoE and ECB rate decisions... Long USDCHF - 0.8380 - this is where I got stopped out. Short EURCAD - 1.4310 - this one is going to get ugly if the euro tanks as I expect. I shall update the targets later. $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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fxtech wrote:Still in: SHORT USDCHF
SHORT USDJPY
Wl watch weeks close to determine if to exit its been week of riding esp on usdchf
Trades entered: Longterm
SHORT AUDNZD
LONG EURAUD I hope you have tight stops for the USDJPY position. If it is risk free the better. $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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USDCHF & USDJPY EXITED Awaiting new setup. EURUSD Head n Shoulder on H4, GOING SHORT EURCAD SHORT EURUSD Discipline & sticking to your strategy even when you loosing defines great traders.
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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i am seeing allot of choppy moves...amnt trading until london session ..
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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EURCAD breaking down as per expectation. @fxtech - I hope you're still holding the trade. This one has acres to tank. The first warning came in when the euro tanked in May. It might breakdown to 1.35. $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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so you think you make allot of money .Listen to what 26 year old Humphreys Kebaya Mwamba from Kenya does for as living http://www.youtube.com/watch?v=Xv4NcV3XByE
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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[quote=QW25071985]so you think you make allot of money .Listen to what 26 year old Humphreys Kebaya Mwamba from Kenya does for as living http://www.youtube.com/watch?v=Xv4NcV3XByE[/quote] If the entry capital could be set at ksh 100k, the market would get more retailers and more liquidity. I hope CMA will consider such an entry since 500k or 1M will lock out a lot of traders. As for brokers, those with international exposure should take the lead. And being online with a working trade platform is now mandatory. No more lazy brokers. Hot money has huge demands...
QW - If this futures is opened this yr, next yr I'd be selling the USD/KES. The ksh is very oversold against a debt ridden currency... Same case for UGS with oil coming online... $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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I will call this the dollar buy conviction?! I wonder how the fed will explain this QE2 story & implement a QE3. The dollar scarcity will fry US muni bonds. I wont both with the mortgage fallout... Bill Gross shorting treasurys is not a bad idea fighting an outgunned fed...?! http://www.zerohedge.com...xpense-domestic-economy-$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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This coming from the Bundesbank president should send chills down the spines of euro bulls... http://www.bloomberg.com...-governments-haggle.html$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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Fresh New Zealand quakes, bearish for the Kiwi. http://www.nbr.co.nz/article/nz...ter-earthquakes-db-95232“small step for man”
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Rank: New-farer Joined: 9/6/2010 Posts: 12
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Anyone know how can I contact this KEBAYA guy?
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Grease bonds, oh sorry, Greek bonds downgraded to junk status by S&P. These rating agencies are a joke. This game is over just like US debt bomb... Greece should just stop pretending and default now and tell the ECB, EU & those greedy banks from Germany & France to go to hell... Wata do??? Nothing. http://online.wsj.com/ar...CO-20110613-708647.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 3/10/2008 Posts: 301 Location: Abu Dhabi
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I'm thinking its a ploy to buy the bonds at dirt cheap, and when eventually EU bails them out, billions will be made.
Pre-crisis, rating agencies were rating the likes of Lehman so highly to encourage the sale of toxic bonds.
Its a greedy capitalist market!
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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hisah wrote:Grease bonds, oh sorry, Greek bonds downgraded to junk status by S&P. These rating agencies are a joke. This game is over just like US debt bomb... Greece should just stop pretending and default now and tell the ECB, EU & those greedy banks from Germany & France to go to hell... Wata do??? Nothing. http://online.wsj.com/ar...CO-20110613-708647.html
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Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA
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[quote=QW25071985]so you think you make allot of money .Listen to what 26 year old Humphreys Kebaya Mwamba from Kenya does for as living http://www.youtube.com/watch?v=Xv4NcV3XByE[/quote] So @qw you watched the video. Would you care to give me a summary (simu inakataa kuonyasha video)... 
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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http://www.cnbc.com/id/43405339 -> Bear-Resistant Euro Won't Go Down: Gartman I love it when lame stream media is bullish especially the likes of CNBC. And with this I will be even more short on the euro... Happy trading... $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:
Long USDCHF - 0.8380 - this is where I got stopped out.
Swiss franc seems to have lost steam, hope u didn't exit. “small step for man”
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Ceinz wrote:hisah wrote:
Long USDCHF - 0.8380 - this is where I got stopped out.
Swiss franc seems to have lost steam, hope u didn't exit. Still holding the trade though small lot size of 0.2. Very risky timing a bottom of an extremely oversold cross. Above 0.87, I'll add larger lot size aiming 0.8950 as stated before. EURCAD is lot size 0.5 & 1.0. As I stated before, it is May 2010 so selling the euro till July!? I swapped AUDCAD with this trade since both CAD & AUD have not decided their bout. Round 12 and no clear winner yet. But if Greece defaults I'll short AUDCAD since risk unwind nails the AUD harder & 1.05 still holds as multiyear resistance.
EURCAD position 1 TP@1.3760. Position 2 TP@1.3550. Both trades risk free.
@Qw - the euro permabull where at thou 
Euro retraces all 15 day gains in 3 days!? This is the whiplash that makes me junk the euro. When it breaks down, since 2008, its a cliff hanger even to a swing trader... I like sleeping in peace not pissed nor in pieces. But should Greece pulloff a miracle & China says it's NOT buying eurobonds, then I'll jump on the euro long side. Better if it tests the 1.25 gap on EURUSD for the next ride to 1.40.
Have u see what those greeks have done to the PM... If all hens take back their hen house from the foxes, the world will be a paradiso...
$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:Still holding the trade though small lot size of 0.2. Very risky timing a bottom of an extremely oversold cross. Above 0.87, I'll add larger lot size aiming 0.8950 as stated before. EURCAD is lot size 0.5 & 1.0. As I stated before, it is May 2010 so selling the euro till July!? I swapped AUDCAD with this trade since both CAD & AUD have not decided their bout. Round 12 and no clear winner yet. But if Greece defaults I'll short AUDCAD since risk unwind nails the AUD harder & 1.05 still holds as multiyear resistance.
EURCAD position 1 TP@1.3760. Position 2 TP@1.3550. Both trades risk free.
Bravo boy, hope I had joined u on tht EUR/CAD trade. EUR bearish, those are cool pips. I was a bit skeptical of this trade coz of the Saudi Arabic going back on opec quota news last friday. This was abit bearish for the CAD, and EUR was abit indecisive, bull/bear. On the USD/CHF, I think ur target is high. If u check on the daily the strong descending channel has held for quite a while, and might still hold. I have two positions open on this, my target for both is 0.8640 “small step for man”
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Wazua
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