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- 323 Results (320 Replies, 3 Comments)
- monkey@forex replied Dec 3, 2013
I've not fully aware of kiwi fundamentals, can anyboy briefly fill me in, are they looking to raise/drop interest rates? Overvalued/undervalued? Never traded this pair and just started to look at this pair
NZD/USD
- monkey@forex replied Dec 2, 2013
This is in an uptrend, and there may be a shallow retrace on profit taking, but I don't see a rreal correction till tapering is announced...
Geppy's Geppy Thread (GBP/JPY)
- monkey@forex replied Dec 1, 2013
I think this may go to 170 and then pullback to retest the broken fib level which may become support, a significant pullback to 163/160 isn't likely...but hey anything can happen
Geppy's Geppy Thread (GBP/JPY)
- monkey@forex replied Nov 29, 2013
What policy change u talking about?
Geppy's Geppy Thread (GBP/JPY)
- monkey@forex replied Nov 29, 2013
I think this will be at 170 before any profit taking
Geppy's Geppy Thread (GBP/JPY)
- monkey@forex replied Nov 28, 2013
To succeed in this u must develop a mindset and strategy that suits u...if your on forex factory then I doubt your a millionaire, we're 99 % average joe with average joe jobs n incomes...a winning year doesn't mean u tell the boss to screw ...
Cable Update (GBPUSD)
- monkey@forex replied Nov 28, 2013
5) never trade if ur in a losing streak...in other words, uv lost 3 trades that day, walk away...lost 6 trades that week, scream...but walk away...ur method isn't working or it's the wrong market for ur method 6) never revenge trade...imagine mike ...
Cable Update (GBPUSD)
- monkey@forex replied Nov 28, 2013
Here are another few disasters iv been thru: 1) don't follow anybody...even with a great track record, iv followed someone who suddenly goes thru a bad patch and disappears from the forum 2) don't follow anyone...u don't know how deep their pockets ...
Cable Update (GBPUSD)
- monkey@forex replied Nov 28, 2013
Iv used this reasoning in the past with retail positioning and it doesnt always work, what iv learnt in my numerous account blowing is money management and knowing when to get out if ur wrong...that is key, i can not stress tis enuf...u must know ...
Cable Update (GBPUSD)
- monkey@forex replied Nov 28, 2013
I think u forget that there will be more yen printing, and if cable breaks past 1.6350 then the new range (dependent on economic data) could be 1.63 to 1.70 area, in which case gbp/yen would easily be in the 170s
Geppy's Geppy Thread (GBP/JPY)
- monkey@forex replied Nov 28, 2013
So from 168, maybe an ABC correction followed by the next 1000 pip move up? What's your target mpt, short term u say 168, what's ur midterm n long term target, and over what period of time? If u don't mind answering
Geppy's Geppy Thread (GBP/JPY)
- monkey@forex replied Nov 27, 2013
80% retailers are short on cable...there has been no topping signals yet...I'm looking at 1.66, that would be a good false break of the monthly triangle...1.66 towards year end on low volume, it's Xmas, everyone feels happy and then the tapering ...
Cable Update (GBPUSD)
- monkey@forex replied Nov 26, 2013
With tapering unlikely in December, jan/feb debt ceiling issues so tapering questionable...do u not see gbp/usd breaking past 1.63 area...it could form a triple top there, but a break to 1.65 doesn't change anything fundamentally...add to that yen ...
Geppy's Geppy Thread (GBP/JPY)
- monkey@forex replied Nov 26, 2013
Anybody else thinking today low was some profit taking, and next stoop is 168? I wonder if it will cut thru that fib level
Geppy's Geppy Thread (GBP/JPY)
- monkey@forex replied Nov 26, 2013
Neither...but looking back on weekly, 1.8135 is where it struggled to get past last time... fndamentally, Aussie saying overvalued by 10%, means ur looking at Aussie being at 0.83 ish area... yday we had a 150 pip drop which could be some profit ...
GBP/AUD
- monkey@forex replied Nov 26, 2013
I think there is minimum another 300-400 pips upside, next zone is 1.81-1.83 area
GBP/AUD
- monkey@forex replied Nov 25, 2013
I made this mistake years ago as well thinking if dollar weakens all majors rise...it's no longer a risk on/risk off environment...the yen is no longer a safe haven, it's printing like mad and more likely to default over the next decade compared to ...
Cable Update (GBPUSD)
- monkey@forex replied Nov 25, 2013
Unfortunately what iv learned over the years is market is about perception rather than facts...fundamentals may point out uk has high inflation/no wage growth/high public n government debt/a housing market that hasn't really corrected...but ...
Cable Update (GBPUSD)
- monkey@forex replied Jul 31, 2013
I really like this thread, and the money management is very sound...but I question the methodology... TAH has 25 positions open on euro/dollar...this method has missed a 300 pip up from lowest position of 1.3023...I'd currently be looking at a huge ...
Sonic R. System
- monkey@forex commented Apr 25, 2013
The reason Europe is doing badly is due to high levels of debt on a personal/corporate/government level...u can either pay this back or default...if you default then it's a giant reset button in which those with wealth above 100k level is lost, but ...
Germany’s Schaeuble says Europe needs sustainable growth