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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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A small money matter. Nothing to see here since Jan 2011 while we extend and pretend. Go to sleep  http://howestreet.com/20...rfeit-51-billion-euros/
Since my birthday is around the corner, if the wazua members and fans could get me a money printing inkjet as a present, I'd ensure that all your debts are cleared 100% and make you instant trillionaires to boot http://www.bloomberg.com...s-exceed-forecasts.html
And then EU calls for an emergency meeting since the leaning Tower of Pisa has straightened as Italian bonds boom out, but ECB still hiked interest rates...  The tower looks like this --> http://donaldclarkplanb....sa-7-serious-skews.html
Not forgetting that 15th is the release date for the eurozone bank stress test results  While Ndungu and co want to float a eurobond... Pathetic... $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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Fx just got boosted by CME. They will launch a USDRMB futures contract starting August 22nd 2011. I thought the ching masters have a fixed dollar peg on RMB... How will this be traded? What is the message here? http://www.cmegroup.com/...ures.html#contractspecs
$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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OH Boy . time for this bull to go into hidding.
am seeing 1.403218 print today...
sad ! sad ! sad ! sad ! sad !
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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My oooooh my it has bee long since i POSTED on the forum NZDUSD SHORT@0.8336 sl 0.8396 TP 0.0.8130 USDJPY SHORT@80.75 SL 81.56 TP 78.65 Closely watching USDCHF If a bull setup confirms then we wl be looking at 2,500+ pips in the next quarter 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:My oooooh my it has bee long since i POSTED on the forum NZDUSD SHORT@0.8336 sl 0.8396 TP 0.0.8130 USDJPY SHORT@80.75 SL 81.56 TP 78.65 Closely watching USDCHF If a bull setup confirms then we wl be looking at 2,500+ pips in the next quarter I'm also scouting USDCHF. My first target is 0.8950 when the bull breakout comes.
EURCHF will be a long play at 1.15 - 1.16 as SNB gets very mad and injects the usual steriods.
As for NZDUSD - be careful with this beast. It is at all time highs so tight stops when shorting are a must... If the Fed says they'll initiate QE3.0, close the shorts and go long with 1.10 as the long term target.
$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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QW25071985 wrote:OH Boy . time for this bull to go into hidding.
am seeing 1.403218 print today...
sad ! sad ! sad ! sad ! sad ! I thought just the other day, actually yesterday your advice was not to short the euro because as per the bear flag aka contracting down triangle was indicating a bull step? What has happened a few hours since then, as usual Italy is now the news item... Very predictable this euro game. I will insist on sell the euro until end of July. I will reverse my call when the time comes.
In the meantime the euro bears continue enjoying the junckeritis syndrome and the so called powers that were who think they still control the markets... Idiots to say the least!
Trade update - Moved EURCAD short SL from 1.4210 to 1.4010 - locking 3000pips. I'm still looking for 1.35 to be taken out with a 5000pips loot.
Gold is building momentum on the bull to take out $1600 in coming days. Silver too is progressing to test $40, but slow momentum.
Gold/Silver trades taken on June 30th now in the green and SL moved to break even.
Happy trading.
What annoys me the most with CBK and co (I could feel better if I bitch-slap them around) is the fact that our banksters are taking advantage of our KES which is losing miserably to the junk dollar and euro.
Update --> EURCHF down almost 250pips for the day together with elder bro EURUSD.
Italian exchange suspends bank stocks trades 
EURCAD already in 1.35s - TP trigger removed to be updated later - will definitely surpass 1.34 by Wednesday.
$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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And here we have the Italian bonds story --> http://www.google.com/ho...388441f92246aee196752d6
Strange enough --> The Milan stock exchange fell despite a limit on short-selling set by the stock market regulator (Consob - maybe should be renamed Conjob...) While this Italian bank (Intesa Sanpaolo) share has been nailed all day until trading was suspended... http://www.bloomberg.com/apps/quote?ticker=ISP:IM
Update --> And for the bizarro story of the day for the euro bears, the euro bulls are trouncing the Danish, Swedish and Polish currencies with big tick moves!?! WTH...??! @Qw - must be very pleased  But I still hold my threat that if @Qw you call me an alarmist, I'll short you out to a margin call... $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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Yesterday I hinted to you about BoIR (Bank of Ireland) and this is why... http://www.reuters.com/a...it-idUSL6E7IB0X20110711
$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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Ah, EURCHF is now in the 1.15 - 1.16 levels as expected. SNB had better intervene with a steriods pipeline or better a cocktail of steriods to get the cross back above 1.2000 which will raise EURUSD back to 1.43s. @Qw - kuwa tayari kubonyeza enter au ku click buy button on these pairs when u see the spike up on the 5 min charts... $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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USDJPY n NZDUSD beautiful trades right there, USDCHF wl be going Long hopefully by days close EURUSD GBPUSD are we seeing a shift in 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 - very nice trade on NZDUSD - It has fallen very hard from all time highs... Is it about to do an aussie... USDJPY and EURCHF - these ones attract the interventionists all the time. I'd rather play along the bankster injections... It is easier to make money and less headache joy riding their steriod job. For short term trades, well it is easy to short, but since I'm into swing trades, thus I avoid them. EURUSD and GBPUSD for some months now they're acting up. Can't tell where the pound wants to be... EURCAD c'mon break that 1.35... in 3, 2, 1... Update - Even before we reach wednesday EURCAD sinks to 1.34s. If Italian bonds fail at auction on Thursday... No comment. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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I can seemassive drops in the Euro and Pound against the USD. Forex traders short these currencies must be on a roll today.
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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Closely watching GBPUSD, GBPJPY, GBPCHF EURAUD EURCAD ALL 4 Long setups 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:Closely watching GBPUSD, GBPJPY, GBPCHF EURAUD EURCAD
ALL 4 Long setups Will also play a small EURCAD long at 1.3650 - TP - 1.3700, then add shorts from 1.3750 - 1.3800 for the next dive below 1.34s
@Qw - I'm long EURCHF at 1.1560 with a very tight stop @1.1540 - lot size 0.2. It is in intervention territory and at all time lows. TP - 1.17, but I'll trail the stop to make it less of a headache to manage.$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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Wow what a crazy day with the EURUSD dropping like falling knives!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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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... $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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hisah wrote:fxtech wrote:Closely watching GBPUSD, GBPJPY, GBPCHF EURAUD EURCAD
ALL 4 Long setups Will also play a small EURCAD long at 1.3650 - TP - 1.3700, then add shorts from 1.3750 - 1.3800 for the next dive below 1.34s
@Qw - I'm long EURCHF at 1.1560 with a very tight stop @1.1540 - lot size 0.2. It is in intervention territory and at all time lows. TP - 1.17, but I'll trail the stop to make it less of a headache to manage. And there we go, EURCHF boosted and back above 1.17. TP hit and 266 pips banked
Btw this reminds me of Bear Stearns back in March 2008. When one would sell euros during asia/europe open & buy them when us opens... The game is coming back...$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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going long gbpusd, gbchf eurcad euraud anytym frm now 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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Small short trade taken on EURJPY @ 111.40, SL - 112.40, TP to be advised. It has sharply rebound off the lows and looks poised to be sold in asia... This is a short term trade and as usual with yen shorts, tight stops just in case BoJ decides to unleash their jumpy steriod cannon... $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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hisah wrote:Small short trade taken on EURJPY @ 111.40, SL - 112.40, TP to be advised. It has sharply rebound off the lows and looks poised to be sold in asia... This is a short term trade and as usual with yen shorts, tight stops just in case BoJ decides to unleash their jumpy steriod cannon... Getting out (10 pips loss) of this EURJPY trade. It is coiling up for a thrust to 113. Would rather short at 114 if it gets there... Anyone noticed that it is behaving like in 2008 before Sept 15 aka Lehman's boom out...? This is what I mean... http://is.gd/OeN7yd$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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