Wazua
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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WOW WOOOOOOOO, EURAUD & EURCAD not looking good for LONGS, standing aside will probably consider shorts at those prices. EURUSD, GOLD & OIL not convincing for shorts as per the price levels and failure to break key levels. High probability, EURUSD, GBPUSD, OIL & GOLD will move higher as the week closes 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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hisah wrote:Wow! Very nasty price reversal in NY session on gold and silver. Such action was last seen in Sept 22nd and Sept 23. Gold's weekly and monthly charts pointing to reversals by close of today - month end. Sidelined for now on the long side.
Long term short taken on NZDCAD - short @0.8310, lot size 0.5, TP - 0.8070. Will take some time to work out, but monthly and weekly confirm on reversal and bears momentum to catch up soon.
Yen crosses, have simply refused to play ball with correction as well as oil... NZDCAD short working out towards TP 0.8070 for position 1. Will review position 2 by end of week to determine next short target roughly pointing to 0.78 - 0.77 level if it closes below 0.8105 for the week.
Still waiting for gold to test $1650 and silver to test $31.50 before considering taking longs - I'm more bullish with the PMs (esp silver) now that Sparta has triggered a credit event.$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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80 is coming up on USDKES... If I were in KE I'd be buying. I'll soon start pushing USDs back in KE waiting for at least a 10% weakening by July 2012 after the budget is passed.  $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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hmmm... 29th day looks fishy... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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yesterday the eur$ took the stairs today it came down with the elevator
i wouldn't be carrying anything into fomc !
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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Will keep buying EURJPY, AUDJPY, GBPJPY & SHORT EURUSD, EURCAD, EURAUD, AUDUSD, GBPUSD Discipline & sticking to your strategy even when you loosing defines great traders.
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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fxtech wrote:Will keep buying EURJPY, AUDJPY, GBPJPY & SHORT EURUSD, EURCAD, EURAUD, AUDUSD, GBPUSD shorting euro$ is quite dangerous . its lookin' very bullish on 30 min and 1 hr chart !
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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fxtech wrote:Will keep buying EURJPY, AUDJPY, GBPJPY & SHORT EURUSD, EURCAD, EURAUD, AUDUSD, GBPUSD The relentless yen selling doesn't make sense. At least SNB when intervening says something. USDJPY is on a solid rally and shorts here are getting smashed mercilessly. 85 is on the cards which reminds me of watching oil. Another rally is coming. Brent targets 138 after breaking 128. WTI breaking 108 aims 115. Anybody still thinking global inflation is a none issue is on cheap drugs and worse CBs are printing yens, euros & dollars even china lowered the reserve ratio.
I'm avoiding anything euro. Greece will pull out hidden debt skeletons soon. And with its election around the corner, caution. France as well & Sarkozy is most likely to lose. Eurocrats are facing tough fights at home vs socialist aka populist opposition as wananchi become restive due to the bad economic scenario in euroland.
Gold/silver still leaking lower - the discounts are welcome with all the inkjet CB money printing. The next upleg for gold should push past 1900. Silver looks ready to break 40 once accumulation is over. The silver rally will be a ripoff your face upleg.
Still holding on NZDCAD short. Waiting for CAD bull to step on the gas anytime this week.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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QW25091985 wrote:fxtech wrote:Will keep buying EURJPY, AUDJPY, GBPJPY & SHORT EURUSD, EURCAD, EURAUD, AUDUSD, GBPUSD shorting euro$ is quite dangerous . its lookin' very bullish on 30 min and 1 hr chart ! Mark out this level in your charts for eur/usd 1.3030. Thats a strong support level. Only below this can we afford to be bear. “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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QW25091985 wrote:fxtech wrote:Will keep buying EURJPY, AUDJPY, GBPJPY & SHORT EURUSD, EURCAD, EURAUD, AUDUSD, GBPUSD shorting euro$ is quite dangerous . its lookin' very bullish on 30 min and 1 hr chart ! Mark out this level in your charts for eur/usd 1.3030. Thats a strong support level. Only below this can we afford to be bear. “small step for man”
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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@Ceinz - EURUSD 1.3030 level broken down... Trade update - Position 1 on NZDCAD lot size 0.5 short @0.8310 TP @0.8070 hit for 1103 pips. Position 2 SL moved to 0.8240 and TP moved to 0.79 (subject to be moved lower). CAD bulls stepping on the gas as expected, except for USDCAD cross which is rejecting any attempts to run down 0.98 levels. Wow - gold breaks below $1650. Interesting... Silver almost sub $32 on the way to $31.50. Yen longs still experiencing a painful squeeze - for now GBPJPY (beast) and CADJPY are on rally steriods. Anyone had a look at the dollar index... Do you see the breakout potential?! How EURUSD is still above 1.30 is a miracle. Another miracle is how oil prices have stubbornly ignored the USD strength.  $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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EURCHF daily chart looks like a breakout... Waiting for the weekly to follow suit before initiating any trades. Though still not a euro bull fan... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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hisah wrote:EURCHF daily chart looks like a breakout... Waiting for the weekly to follow suit before initiating any trades. Though still not a euro bull fan... OMG ! i cannot believe what i have just read . @ hisah . you are bullish on the euro ?  . Wonders never cease !
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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funny 
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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QW25091985 wrote:hisah wrote:EURCHF daily chart looks like a breakout... Waiting for the weekly to follow suit before initiating any trades. Though still not a euro bull fan... OMG ! i cannot believe what i have just read . @ hisah . you are bullish on the euro ? . Wonders never cease ! EURCHF Long makes alot of sense,I conquer with Hisah, smart traders would not worry too much about EUR but also look at what the Swiss gov is upto and note there is a floor for the pair at 1.20000. If and only if we break that floor can we talk of Bearish Discipline & sticking to your strategy even when you loosing defines great traders.
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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Hope somebody bought those EURJPY. AUDJPY &GBPJPY pairs, and I end my week in style, pips and loads of pips. Discipline & sticking to your strategy even when you loosing defines great traders.
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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Sex and
Trading are very much alike. The
next thrust is always better after a
good pullback. #JustSaying
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Rank: Member Joined: 6/25/2010 Posts: 176
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QW25091985 wrote:Sex and
Trading are very much alike. The
next thrust is always better after a
good pullback. #JustSaying am feeling that on GBPJPY Rule No.1 is never lose money. Rule No.2 is never forget rule number one
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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