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Realities of Forex Investment
karasinga
#3701 Posted : Monday, May 15, 2017 10:03:02 AM
Rank: Veteran


Joined: 2/26/2015
Posts: 1,147
alutacontinua wrote:
Data coming out of the US...

CPI m/m 0.2% vs 0.3% exp , Core CPI m/m 0.1% vs. 0.2% exp, Core Retail Sales m/m 0.3% vs 0.5% exp and Retail Sales m/m 0.4% vs. 0.6% exp

Dollar taking a hit - $DXY holding just above 99 - wondering what the FED must be currently thinking d'oh!

karasinga wrote:
considering eurusd long.... cash cow


Great call here @karasinga hope you are still long...i was expecting further downside on the $EUR


got some pips for the fuel. now considering short any time
It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
karasinga
#3702 Posted : Monday, May 15, 2017 2:41:51 PM
Rank: Veteran


Joined: 2/26/2015
Posts: 1,147
karasinga wrote:
alutacontinua wrote:
Data coming out of the US...

CPI m/m 0.2% vs 0.3% exp , Core CPI m/m 0.1% vs. 0.2% exp, Core Retail Sales m/m 0.3% vs 0.5% exp and Retail Sales m/m 0.4% vs. 0.6% exp

Dollar taking a hit - $DXY holding just above 99 - wondering what the FED must be currently thinking d'oh!

karasinga wrote:
considering eurusd long.... cash cow


Great call here @karasinga hope you are still long...i was expecting further downside on the $EUR


got some pips for the fuel. now considering short any time

sell stop triggered at 1.09692. let us pile pips
It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
hisah
#3703 Posted : Tuesday, May 16, 2017 3:39:01 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
E$ above 1.1050 level. Shorts up smile

update: short @1.10847. Objective open for now. SL at 1.1120. Lot size 0.20.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
karasinga
#3704 Posted : Tuesday, May 16, 2017 3:41:55 PM
Rank: Veteran


Joined: 2/26/2015
Posts: 1,147
hisah wrote:
E$ above 1.1050 level. Shorts up smile

burnt my fingers yesterday. tread carefully. considering short around 1.1168
It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
hisah
#3705 Posted : Tuesday, May 16, 2017 4:03:35 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
karasinga wrote:
hisah wrote:
E$ above 1.1050 level. Shorts up smile

burnt my fingers yesterday. tread carefully. considering short around 1.1168

Between 1.1080 to 1.1130 are heavy layers of resistance on the weekly and monthly.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
alutacontinua
#3706 Posted : Tuesday, May 16, 2017 5:01:59 PM
Rank: Member


Joined: 3/23/2011
Posts: 304
hisah wrote:
E$ above 1.1050 level. Shorts up smile

update: short @1.10847. Objective open for now. SL at 1.1120. Lot size 0.20.


Superb entry..Right on the H1 wick Applause Applause Applause
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
karasinga
#3707 Posted : Tuesday, May 16, 2017 5:06:46 PM
Rank: Veteran


Joined: 2/26/2015
Posts: 1,147
hisah wrote:
karasinga wrote:
hisah wrote:
E$ above 1.1050 level. Shorts up smile

burnt my fingers yesterday. tread carefully. considering short around 1.1168

Between 1.1080 to 1.1130 are heavy layers of resistance on the weekly and monthly.

IMHO
It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
alutacontinua
#3708 Posted : Tuesday, May 16, 2017 5:09:19 PM
Rank: Member


Joined: 3/23/2011
Posts: 304
alutacontinua wrote:
karasinga wrote:
alutacontinua wrote:
alutacontinua wrote:
alutacontinua wrote:
$CAD on my watchlist...the first 2 hours after the Frankfurt open today showing signs of the start of a downtrend above 1.37. Still waiting to determine entry and downside targets but SL would be above Friday's High (1.3792)


Trigger should be today's US Crude Oil Inventories news release


And we have lift off smile Lets see if we can get some momentum going. Downside has a lot of legroom...

like this


Despite Oil's continued rise USDCAD caught a bid yesterday after Moody's downgrades 6 Canadian Banks Sad Sad Sad

https://m.moodys.com/res...adian-Banks--PR_366355?

"Oil continues its biggest rally since December: US stockpiles falling faster and earlier in 2017 than 5yr average as OPEC reduces output to trim global gut"

My targets are 1.36 and 1.34 based off the above fundamentals smile

Goldman (or as @hisah calls them LeSquid) have scrapped their Euro Parity call. Ups 12month forecast for $EUR to 1.05 from 1.00 on an upbeat ECB and see less scope for major policy divergence. They also lowered their USD outlook and believe it will lag Reagan's fueled rally in the 80's


The 1st round French election vote gap up still looming in the background...



UPDDATE: First target at 1.36 hit smile might be in for some consolidation before further downside continues
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
hisah
#3709 Posted : Wednesday, May 17, 2017 5:49:21 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
karasinga wrote:
hisah wrote:
karasinga wrote:
hisah wrote:
E$ above 1.1050 level. Shorts up smile

burnt my fingers yesterday. tread carefully. considering short around 1.1168

Between 1.1080 to 1.1130 are heavy layers of resistance on the weekly and monthly.

IMHO

1.16 may be a stretch, but in this market nothing is impossible. The higher €$ goes the bigger the next fall unless it reclaims 1.22 handle.

€ bulls are still present having taken out 1.11 in asian session means the short trade will be stopped out. Will stand aside.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
karasinga
#3710 Posted : Wednesday, May 17, 2017 6:32:34 AM
Rank: Veteran


Joined: 2/26/2015
Posts: 1,147
hisah wrote:
karasinga wrote:
hisah wrote:
karasinga wrote:
hisah wrote:
E$ above 1.1050 level. Shorts up smile

burnt my fingers yesterday. tread carefully. considering short around 1.1168

Between 1.1080 to 1.1130 are heavy layers of resistance on the weekly and monthly.

IMHO

1.16 may be a stretch, but in this market nothing is impossible. The higher €$ goes the bigger the next fall unless it reclaims 1.22 handle.

€ bulls are still present having taken out 1.11 in asian session means the short trade will be stopped out. Will stand aside.

watching keenly. anything can happen from now... allow me to share a detailed Elliot wave. I know mnandii will correct me if I am wrong.

get your soldiers ready and remember it might be a complex correction to 1.093s or 1.086s
It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
karasinga
#3711 Posted : Wednesday, May 17, 2017 9:40:17 AM
Rank: Veteran


Joined: 2/26/2015
Posts: 1,147
karasinga wrote:
hisah wrote:
karasinga wrote:
hisah wrote:
karasinga wrote:
hisah wrote:
E$ above 1.1050 level. Shorts up smile

burnt my fingers yesterday. tread carefully. considering short around 1.1168

Between 1.1080 to 1.1130 are heavy layers of resistance on the weekly and monthly.

IMHO

1.16 may be a stretch, but in this market nothing is impossible. The higher €$ goes the bigger the next fall unless it reclaims 1.22 handle.

€ bulls are still present having taken out 1.11 in asian session means the short trade will be stopped out. Will stand aside.

watching keenly. anything can happen from now... allow me to share a detailed Elliot wave. I know mnandii will correct me if I am wrong.

get your soldiers ready and remember it might be a complex correction to 1.093s or 1.086s

sell stop @1.11125
It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
karasinga
#3712 Posted : Wednesday, May 17, 2017 10:02:51 AM
Rank: Veteran


Joined: 2/26/2015
Posts: 1,147
karasinga wrote:
karasinga wrote:
hisah wrote:
karasinga wrote:
hisah wrote:
karasinga wrote:
hisah wrote:
E$ above 1.1050 level. Shorts up smile

burnt my fingers yesterday. tread carefully. considering short around 1.1168

Between 1.1080 to 1.1130 are heavy layers of resistance on the weekly and monthly.

IMHO

1.16 may be a stretch, but in this market nothing is impossible. The higher €$ goes the bigger the next fall unless it reclaims 1.22 handle.

€ bulls are still present having taken out 1.11 in asian session means the short trade will be stopped out. Will stand aside.

watching keenly. anything can happen from now... allow me to share a detailed Elliot wave. I know mnandii will correct me if I am wrong.

get your soldiers ready and remember it might be a complex correction to 1.093s or 1.086s

sell stop @1.11125

Triggered. see you in banksmile
It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
alutacontinua
#3713 Posted : Wednesday, May 17, 2017 10:16:42 AM
Rank: Member


Joined: 3/23/2011
Posts: 304
alutacontinua wrote:
alutacontinua wrote:
karasinga wrote:
alutacontinua wrote:
alutacontinua wrote:
alutacontinua wrote:
$CAD on my watchlist...the first 2 hours after the Frankfurt open today showing signs of the start of a downtrend above 1.37. Still waiting to determine entry and downside targets but SL would be above Friday's High (1.3792)


Trigger should be today's US Crude Oil Inventories news release


And we have lift off smile Lets see if we can get some momentum going. Downside has a lot of legroom...

like this


Despite Oil's continued rise USDCAD caught a bid yesterday after Moody's downgrades 6 Canadian Banks Sad Sad Sad

https://m.moodys.com/res...adian-Banks--PR_366355?

"Oil continues its biggest rally since December: US stockpiles falling faster and earlier in 2017 than 5yr average as OPEC reduces output to trim global gut"

My targets are 1.36 and 1.34 based off the above fundamentals smile

Goldman (or as @hisah calls them LeSquid) have scrapped their Euro Parity call. Ups 12month forecast for $EUR to 1.05 from 1.00 on an upbeat ECB and see less scope for major policy divergence. They also lowered their USD outlook and believe it will lag Reagan's fueled rally in the 80's


The 1st round French election vote gap up still looming in the background...



UPDDATE: First target at 1.36 hit smile might be in for some consolidation before further downside continues


Next targets are 1.3530 and 1.3410
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
karasinga
#3714 Posted : Wednesday, May 17, 2017 10:23:42 AM
Rank: Veteran


Joined: 2/26/2015
Posts: 1,147
alutacontinua wrote:
alutacontinua wrote:
alutacontinua wrote:
karasinga wrote:
alutacontinua wrote:
alutacontinua wrote:
alutacontinua wrote:
$CAD on my watchlist...the first 2 hours after the Frankfurt open today showing signs of the start of a downtrend above 1.37. Still waiting to determine entry and downside targets but SL would be above Friday's High (1.3792)


Trigger should be today's US Crude Oil Inventories news release


And we have lift off smile Lets see if we can get some momentum going. Downside has a lot of legroom...

like this


Despite Oil's continued rise USDCAD caught a bid yesterday after Moody's downgrades 6 Canadian Banks Sad Sad Sad

https://m.moodys.com/res...adian-Banks--PR_366355?

"Oil continues its biggest rally since December: US stockpiles falling faster and earlier in 2017 than 5yr average as OPEC reduces output to trim global gut"

My targets are 1.36 and 1.34 based off the above fundamentals smile

Goldman (or as @hisah calls them LeSquid) have scrapped their Euro Parity call. Ups 12month forecast for $EUR to 1.05 from 1.00 on an upbeat ECB and see less scope for major policy divergence. They also lowered their USD outlook and believe it will lag Reagan's fueled rally in the 80's


The 1st round French election vote gap up still looming in the background...



UPDDATE: First target at 1.36 hit smile might be in for some consolidation before further downside continues


Next targets are 1.3530 and 1.3410

will you mind to share why you are still holding short. in learning mode
It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
alutacontinua
#3715 Posted : Wednesday, May 17, 2017 10:44:29 AM
Rank: Member


Joined: 3/23/2011
Posts: 304
karasinga wrote:
alutacontinua wrote:
alutacontinua wrote:
alutacontinua wrote:
karasinga wrote:
alutacontinua wrote:
alutacontinua wrote:
alutacontinua wrote:
$CAD on my watchlist...the first 2 hours after the Frankfurt open today showing signs of the start of a downtrend above 1.37. Still waiting to determine entry and downside targets but SL would be above Friday's High (1.3792)


Trigger should be today's US Crude Oil Inventories news release


And we have lift off smile Lets see if we can get some momentum going. Downside has a lot of legroom...

like this


Despite Oil's continued rise USDCAD caught a bid yesterday after Moody's downgrades 6 Canadian Banks Sad Sad Sad

https://m.moodys.com/res...adian-Banks--PR_366355?

"Oil continues its biggest rally since December: US stockpiles falling faster and earlier in 2017 than 5yr average as OPEC reduces output to trim global gut"

My targets are 1.36 and 1.34 based off the above fundamentals smile

Goldman (or as @hisah calls them LeSquid) have scrapped their Euro Parity call. Ups 12month forecast for $EUR to 1.05 from 1.00 on an upbeat ECB and see less scope for major policy divergence. They also lowered their USD outlook and believe it will lag Reagan's fueled rally in the 80's


The 1st round French election vote gap up still looming in the background...



UPDDATE: First target at 1.36 hit smile might be in for some consolidation before further downside continues


Next targets are 1.3530 and 1.3410

will you mind to share why you are still holding short. in learning mode


Mostly fundamental reasons...A couple of OPEC countries have mentioned that they wouldn't mind extending supply cuts by a further 6 months then there is the current retrace of the TRUMP USD trade. (The Weekly $DXY Chart says it all)

You dont have to be great to START but you have to start to be GREAT!!!!!!!!
alutacontinua
#3716 Posted : Wednesday, May 17, 2017 10:47:29 AM
Rank: Member


Joined: 3/23/2011
Posts: 304
@Karasinga great execution on the EURUSD trade smile
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
karasinga
#3717 Posted : Wednesday, May 17, 2017 11:10:16 AM
Rank: Veteran


Joined: 2/26/2015
Posts: 1,147
alutacontinua wrote:
@Karasinga great execution on the EURUSD trade smile

quite humbling. still learning the rope
It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
hisah
#3718 Posted : Wednesday, May 17, 2017 12:01:56 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
karasinga wrote:
karasinga wrote:
karasinga wrote:
hisah wrote:
karasinga wrote:
hisah wrote:
karasinga wrote:
hisah wrote:
E$ above 1.1050 level. Shorts up smile

burnt my fingers yesterday. tread carefully. considering short around 1.1168

Between 1.1080 to 1.1130 are heavy layers of resistance on the weekly and monthly.

IMHO

1.16 may be a stretch, but in this market nothing is impossible. The higher €$ goes the bigger the next fall unless it reclaims 1.22 handle.

€ bulls are still present having taken out 1.11 in asian session means the short trade will be stopped out. Will stand aside.

watching keenly. anything can happen from now... allow me to share a detailed Elliot wave. I know mnandii will correct me if I am wrong.

get your soldiers ready and remember it might be a complex correction to 1.093s or 1.086s

sell stop @1.11125

Triggered. see you in banksmile

Short traded stopped. The 4hr chart is hinting shorts favoured so I've initiated the short trade again. Short at market at 1.1096. Lot size 0.5 for an aggressive play. Immediate target for position 1 is 1.1050 to recoup the initial loss. Position 2 target objective is still open. SL still remain 1.1120. Will update later after the current 4hr candle completes.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#3719 Posted : Wednesday, May 17, 2017 3:21:03 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Stopped out again! € bulls not yet done. Very interesting this price action.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
alutacontinua
#3720 Posted : Wednesday, May 17, 2017 5:43:50 PM
Rank: Member


Joined: 3/23/2011
Posts: 304
alutacontinua wrote:
karasinga wrote:
alutacontinua wrote:
alutacontinua wrote:
alutacontinua wrote:
karasinga wrote:
alutacontinua wrote:
alutacontinua wrote:
alutacontinua wrote:
$CAD on my watchlist...the first 2 hours after the Frankfurt open today showing signs of the start of a downtrend above 1.37. Still waiting to determine entry and downside targets but SL would be above Friday's High (1.3792)


Trigger should be today's US Crude Oil Inventories news release


And we have lift off smile Lets see if we can get some momentum going. Downside has a lot of legroom...

like this


Despite Oil's continued rise USDCAD caught a bid yesterday after Moody's downgrades 6 Canadian Banks Sad Sad Sad

https://m.moodys.com/res...adian-Banks--PR_366355?

"Oil continues its biggest rally since December: US stockpiles falling faster and earlier in 2017 than 5yr average as OPEC reduces output to trim global gut"

My targets are 1.36 and 1.34 based off the above fundamentals smile

Goldman (or as @hisah calls them LeSquid) have scrapped their Euro Parity call. Ups 12month forecast for $EUR to 1.05 from 1.00 on an upbeat ECB and see less scope for major policy divergence. They also lowered their USD outlook and believe it will lag Reagan's fueled rally in the 80's


The 1st round French election vote gap up still looming in the background...



UPDDATE: First target at 1.36 hit smile might be in for some consolidation before further downside continues


Next targets are 1.3530 and 1.3410

will you mind to share why you are still holding short. in learning mode


Mostly fundamental reasons...A couple of OPEC countries have mentioned that they wouldn't mind extending supply cuts by a further 6 months then there is the current retrace of the TRUMP USD trade. (The Weekly $DXY Chart says it all)



US Crude inventories come in at -1.753MM vs. -2.360MM exp. Crude rallying towards the $50 level while $DXY keeps heading lower. Think the next downleg on $CAD has started TP1 - 1.3530 now in focus.

@Hisah EUR$ has really been volatile today...bulls really taking advantage of the slide in the $ due to White House issues
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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