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196 Pages«<193194195196>
Realities of Forex Investment
mnandii
#3881 Posted : Tuesday, June 09, 2020 4:56:36 PM
Rank: Elder


Joined: 10/11/2006
Posts: 2,155
mnandii wrote:


EURUSD 1H chart. The pair is falling in wave [iv] which should bottom at about 1.1187. Thence a rally. Be prepared to bank pips.




These opportunities wait for no one!
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.
mnandii
#3882 Posted : Wednesday, June 10, 2020 6:18:05 PM
Rank: Elder


Joined: 10/11/2006
Posts: 2,155


Gold 4H. Gold correcting in a small wave ii or (b). Should move higher once wave ii completes with targets above 1769. Look to go long with a Stop Loss at 1670.51
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.
TNT
#3883 Posted : Monday, June 22, 2020 10:03:41 AM
Rank: Member


Joined: 5/22/2009
Posts: 205
mnandii
#3884 Posted : Tuesday, June 23, 2020 5:55:19 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,155
mnandii wrote:


Gold 4H. Gold correcting in a small wave ii or (b). Should move higher once wave ii completes with targets above 1769. Look to go long with a Stop Loss at 1670.51

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.
mnandii
#3885 Posted : Tuesday, June 23, 2020 5:57:14 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,155


Gold is soon turning DOWN violently within this week. Be ware.
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.
TNT
#3886 Posted : Wednesday, June 24, 2020 10:36:02 AM
Rank: Member


Joined: 5/22/2009
Posts: 205
I say BUY USD/JPY now
TNT
#3887 Posted : Thursday, June 25, 2020 1:01:39 PM
Rank: Member


Joined: 5/22/2009
Posts: 205
I say BUY EUR/USD. What do you guys think?
TNT
#3888 Posted : Thursday, June 25, 2020 1:40:59 PM
Rank: Member


Joined: 5/22/2009
Posts: 205
Now, I say sell USD/JPY. What do you guys think?
mnandii
#3889 Posted : Monday, June 29, 2020 9:01:00 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,155
mnandii wrote:


Gold is soon turning DOWN violently within this week. Be ware.



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.
mnandii
#3890 Posted : Monday, June 29, 2020 9:06:26 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,155


There remains just ONE Final Move UP in Gold to complete wave (c) of [v] of C of (2) then she starts to fall strongly DOWN. Be ready. Target up is 1825s
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.
mnandii
#3891 Posted : Monday, June 29, 2020 9:10:54 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,155


BUY EURUSD with Stop Loss at 1.1167 and target 400 pips UP at 1.1657.
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.
mnandii
#3892 Posted : Monday, June 29, 2020 9:14:33 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,155


Be long USDJPY at 107.10s with your Stop loss at 106.80 and target at least 200 pips UP.
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.
mnandii
#3893 Posted : Monday, June 29, 2020 9:35:58 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,155


Be LONG GBPJPY at 132.50s with Stop Loss at 131.74 and target at least 400 pips UP.
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.
TNT
#3894 Posted : Monday, June 29, 2020 3:07:10 PM
Rank: Member


Joined: 5/22/2009
Posts: 205
I say SELL USD/CAD Now! Watch full analysis here
mnandii
#3895 Posted : Thursday, July 02, 2020 10:25:22 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,155


Gold completed wave [2] at 1790.88. Expect a strong move DOWN going forward.
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.
mnandii
#3896 Posted : Thursday, July 02, 2020 10:37:55 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,155


EURUSD should continue on UP. Trade LONG against 1.1184
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.
mnandii
#3897 Posted : Thursday, July 02, 2020 10:51:03 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,155


GBPUSD. Opportunity to go LONG and scheme massive pips should available soon when GBPUSD corrects in wave (ii). Note the trendline. Trade against a Stop Loss of 1.2248
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.
TNT
#3898 Posted : Monday, July 06, 2020 10:22:48 AM
Rank: Member


Joined: 5/22/2009
Posts: 205
SELL GBP/USD now.
Jon Jones
#3899 Posted : Monday, July 06, 2020 11:13:55 AM
Rank: Member


Joined: 9/11/2015
Posts: 123
Location: Thika
The reality of forex trading is that it is a voodoo science. These are my reasons:



- Unlike commodities and indices, forex is susceptible to unknown or unpredictable market moving news. If you are trading the cable, and the bank of England tampers with interest rates in any way, your technical research is invalidated instantly. So, I believe currencies are not technically compliant like indices and commodities where the mass market is involved and basic laws of demand and supply work. The charts can be quite erratic. You are welcome to check on tradingview the price behavior of oil (WTI - West Texas Intermediate) or even Gold (XAU) and compare their price behavior against the cable (GBPUSD). You will see that commodities, precious metals etc are more technically compliant because they rely heavily on basic demand and supply.


- It is nearly impossible to conduct comprehensive fundamental analysis in forex to back up your technical analysis.


- The moves are extremely small for the few liquid markets such as the cable. This forces traders to use massive leverage to amplify moves, sometimes even 200:1. The broker pockets large fees and the trader weathers himself down over time. Even when you are right directionwise, the funding and fees will eat massively into your profit if the trade takes long to reach your target. Leverage = High Fees = Broken Dreams.



They say 90% of forex traders lose money. I would say 0ver 97% lose money in the long run. They lose money to the few 3% and the brokers who keep pocketing large fees from highly leveraged traders, and liquidated positions on isolated margin. In other words, most forex traders are living in a fool's paradise.

The real forex traders own forex bureaus, don't use leverage and have good spreads sometimes over 5% selling to the ordinary man in the street. Banks and bureaus operate profitably but traders on exchanges using crazy leverage don't profit in the long run because the odds are stacked massively against them when fees, leverage and holding costs of open positions are factored. Change my mind.
Since men have learned to shoot without missing, I have learned to fly without perching
TNT
#3900 Posted : Monday, July 06, 2020 11:45:57 AM
Rank: Member


Joined: 5/22/2009
Posts: 205
Jon Jones wrote:
The reality of forex trading is that it is a voodoo science. These are my reasons:



- Unlike commodities and indices, forex is susceptible to unknown or unpredictable market moving news. If you are trading the cable, and the bank of England tampers with interest rates in any way, your technical research is invalidated instantly. So, I believe currencies are not technically compliant like indices and commodities where the mass market is involved and basic laws of demand and supply work. The charts can be quite erratic. You are welcome to check on tradingview the price behavior of oil (WTI - West Texas Intermediate) or even Gold (XAU) and compare their price behavior against the cable (GBPUSD). You will see that commodities, precious metals etc are more technically compliant because they rely heavily on basic demand and supply.


- It is nearly impossible to conduct comprehensive fundamental analysis in forex to back up your technical analysis.


- The moves are extremely small for the few liquid markets such as the cable. This forces traders to use massive leverage to amplify moves, sometimes even 200:1. The broker pockets large fees and the trader weathers himself down over time. Even when you are right directionwise, the funding and fees will eat massively into your profit if the trade takes long to reach your target. Leverage = High Fees = Broken Dreams.



They say 90% of forex traders lose money. I would say 0ver 97% lose money in the long run. They lose money to the few 3% and the brokers who keep pocketing large fees from highly leveraged traders, and liquidated positions on isolated margin. In other words, most forex traders are living in a fool's paradise.

The real forex traders own forex bureaus, don't use leverage and have good spreads sometimes over 5% selling to the ordinary man in the street. Banks and bureaus operate profitably but traders on exchanges using crazy leverage don't profit in the long run because the odds are stacked massively against them when fees, leverage and holding costs of open positions are factored. Change my mind.


Given opinions are like ass-holes, no one should waste their time trying to change your mind. You have a right to your ass-hole.
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