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Realities of Forex Investment
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hisah
#2981 Posted : Monday, October 06, 2014 3:43:18 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
USDZAR has been a nice trading pair since 2013.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2982 Posted : Wednesday, October 08, 2014 3:54:14 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Top executive at British bank is
first person in UK to be convicted of trying to fix Libor rates - but he and bank can not
be named

Did that GBP futures sellside since June know something?

The confessions are getting started...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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alutacontinua
#2983 Posted : Thursday, October 09, 2014 8:54:42 AM
Rank: Member


Joined: 3/23/2011
Posts: 304
Def disconnect in the markets......can someone/anyone explain why stocks rallying as IMF cuts forecasts and FED concerned about global growth?????

Dovish comments from the FED minutes sending the USD to a 2 week low. (Concerns also of corporate earnings being affected by high USD just before releases start coming in Shame on you )

DXY bearish trendline still intact and am thinking USD bulls will be looking to reaffirm their positions at 81.50 (previous major resistance). On the sidelines till the dust settles

@mnandii trailing stop on GBPJPY got hit yesterday @174.50 for 272 pips from the 1st of the month. Taking a wait and see approach into next week as i still think theres some room to move lower towards 170 level.
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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hisah
#2984 Posted : Thursday, October 09, 2014 7:25:35 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Gold is beginning to look interesting. If it dips to 1050-1100 that should trigger a trend shift for a major bottom to challenge 1350-1450 resistance forest.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mnandii
#2985 Posted : Friday, October 10, 2014 9:06:42 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
Am short E$ at 1.2698 SL 1.2716. Target about 50 pips
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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hisah
#2986 Posted : Friday, October 10, 2014 12:59:04 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
SPX hanging on a shoe string as it battles to close the weekly candle inside the rising wedge lower channel which dates from Oct 2012. Recent rising wedge breakdown happened on the EUR$ and since that Sept 2014 break, the euro has been sold hard.

Meanwhile oil (WTI and Brent) continue taking it in the chin as expect. WTI still on course to hit target at $80.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mnandii
#2987 Posted : Friday, October 10, 2014 3:03:14 PM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
mnandii wrote:
Am short E$ at 1.2698 SL 1.2716. Target about 50 pips

Target achieved. smile
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#2988 Posted : Friday, October 10, 2014 3:05:34 PM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
hisah wrote:
SPX hanging on a shoe string as it battles to close the weekly candle inside the rising wedge lower channel which dates from Oct 2012. Recent rising wedge breakdown happened on the EUR$ and since that Sept 2014 break, the euro has been sold hard.

Meanwhile oil (WTI and Brent) continue taking it in the chin as expect. WTI still on course to hit target at $80.

Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#2989 Posted : Saturday, October 11, 2014 7:39:02 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
Ok guys! Be ready next week. I'll attempt to make you a millionaire (if you want to smile ). Action will be exclusively on E$ at 5 min time frame ( the market is moving fast, so a shorter time frame is recommended (Elliott wave principle)). It should also be a time for you to gauge the effectiveness of Elliott Wave Model.



So far E$ has moved up (to 1.2791 level) in 3 waves from the 1.2500 low. This is important because we now know with certainity ( 99.8% confidence) that E$ is going to drop below 1.2500 soon. Also that E$ will not go to 1.2791 anytime BEFORE going below 1.2500.

From the 1.2791 high to current level of 1.2605 is best counted as an impulse wave. So next week we expect E$ to rise in three waves to a level below 1.2791 before falling mightily. That's where we expect to make our bucks.

Best. mnandii.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#2990 Posted : Monday, October 13, 2014 6:44:09 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304


E$ short at 1.2686 SL 1.2706 TP about 85 pips away
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#2991 Posted : Monday, October 13, 2014 7:00:27 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
mnandii wrote:


E$ short at 1.2686 SL 1.2706 TP about 85 pips away

There is an alternative view, making the [a] wave an impulse. But we'll consider it only if our SL is hit. Now we watch the market.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#2992 Posted : Monday, October 13, 2014 8:37:59 AM
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Joined: 10/11/2006
Posts: 2,304
Gold ready for a dip below 1182.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#2993 Posted : Monday, October 13, 2014 10:12:44 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
mnandii wrote:
mnandii wrote:


E$ short at 1.2686 SL 1.2706 TP about 85 pips away

There is an alternative view, making the [a] wave an impulse. But we'll consider it only if our SL is hit. Now we watch the market.

At this point we dispense with the impulse wave scenario.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#2994 Posted : Monday, October 13, 2014 10:15:43 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
mnandii wrote:
mnandii wrote:
mnandii wrote:


E$ short at 1.2686 SL 1.2706 TP about 85 pips away

There is an alternative view, making the [a] wave an impulse. But we'll consider it only if our SL is hit. Now we watch the market.

At this point we dispense with the impulse wave scenario.

NB: Price at 1.2658 1015 HRS EAT.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#2995 Posted : Monday, October 13, 2014 10:22:36 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304


An impulse wave.

Best of Trader's Classroom by Jeffery Kennedy (EWI Educational Instructor)
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#2996 Posted : Monday, October 13, 2014 10:30:38 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
Gold short at 1231.38 SL 1238 TP 1160.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#2997 Posted : Monday, October 13, 2014 1:33:24 PM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
Long $JPY at 107.33 SL 106.98 TP: Open
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#2998 Posted : Tuesday, October 14, 2014 6:43:38 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304


Eventually something gotta give. E$ sell at 1.2725 SL 1.2768. Aiming for a move below 1.2500.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#2999 Posted : Tuesday, October 14, 2014 6:45:53 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
$JPY buy at 107.25 SL 106.73. Aiming for >300 pips.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#3000 Posted : Tuesday, October 14, 2014 6:49:12 AM
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Joined: 10/11/2006
Posts: 2,304
Monitoring the gold short from earlier. SL still intact.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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