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196 Pages«<192193194195196>
Realities of Forex Investment
mnandii
#3861 Posted : Friday, April 24, 2020 9:03:06 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,151


GOLD is completing wave (Y) of [2] below the all time high of 1919. The next move in Gold will be a drop to levels below 1000.
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
#3862 Posted : Monday, April 27, 2020 11:12:57 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,151


GBPUSD.

Rising in wave [ b ] with a target of 1.2714. Thereafter a drop in wave [ c ] to complete wave 2.
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
#3863 Posted : Monday, April 27, 2020 11:24:47 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,151
Ceinz wrote:
slick wrote:
VituVingiSana wrote:
mnandii wrote:
TRADE IDEA

GOLD



Sell Gold with your Stop Loss at 1515.96 and target 1427.60, a 700 pip move. This will complete an expanded flat wave B. Thereafter we'll go long.
One could have been wiped out with this move if one bet all-in naked! Gold at 1650+ today. I don't have gold but I think the safest option is going long or staying in cash. No shorts!


Gold is the ultimate safe heaven from this central bank fiat money printing madness.It initially sold with the rest of the market as it was a liquid asset during the liquidity crunch to meet margin calls from from other falling assets like general equities.Talk of throwing out the baby with the bath water.Now gold is responding to the trillions of currency being created from debt and nothing.Long term its expected to go much higher and take out its 2011 all time highs of 1900.Its still massively overvalued considering all the fiat being conjured up.

If we could only go back to a gold standard that limits the ability of central banks to just print money.As history shows fiat currencies always fail and this current fiat regime wont be different.There have been numerous cycles for thousands of years from gold to fiat and back to gold and maybe that rhythm will repeat itself


Couldnt have put it better.


Am bearish Gold. I don't see the last high of 1919 being broken upward. Gold should fall to below 1000. Will be similar to Oil that no one believed would drop.
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
#3864 Posted : Monday, April 27, 2020 11:28:07 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,151
winmak wrote:
https://www.sib.co.ke/mansa-x/

Anyone tried this? Need heavy critique here. Is it safe? Considering the flaunted 24 % pa return.


I would trade Forex on my own but that's just me. Been here long enough.
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
#3865 Posted : Tuesday, April 28, 2020 8:34:44 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,151
The last Gold bulls were so excited was in 2012. It would be best to know what happened next.

Gold Bulls Charge Full Steam Ahead -- Over a ... Cliff?

link
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.
lochaz-index
#3866 Posted : Tuesday, April 28, 2020 12:03:05 PM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,119
mnandii wrote:
Ceinz wrote:
slick wrote:
VituVingiSana wrote:
mnandii wrote:
TRADE IDEA

GOLD



Sell Gold with your Stop Loss at 1515.96 and target 1427.60, a 700 pip move. This will complete an expanded flat wave B. Thereafter we'll go long.
One could have been wiped out with this move if one bet all-in naked! Gold at 1650+ today. I don't have gold but I think the safest option is going long or staying in cash. No shorts!


Gold is the ultimate safe heaven from this central bank fiat money printing madness.It initially sold with the rest of the market as it was a liquid asset during the liquidity crunch to meet margin calls from from other falling assets like general equities.Talk of throwing out the baby with the bath water.Now gold is responding to the trillions of currency being created from debt and nothing.Long term its expected to go much higher and take out its 2011 all time highs of 1900.Its still massively overvalued considering all the fiat being conjured up.

If we could only go back to a gold standard that limits the ability of central banks to just print money.As history shows fiat currencies always fail and this current fiat regime wont be different.There have been numerous cycles for thousands of years from gold to fiat and back to gold and maybe that rhythm will repeat itself


Couldnt have put it better.


Am bearish Gold. I don't see the last high of 1919 being broken upward. Gold should fall to below 1000. Will be similar to Oil that no one believed would drop.

I'm bearish gold as well. There needs to be a proper shake out of weak hands aka groupie investors before the big move up.
The main purpose of the stock market is to make fools of as many people as possible.
mnandii
#3867 Posted : Tuesday, April 28, 2020 12:51:09 PM
Rank: Elder


Joined: 10/11/2006
Posts: 2,151


EURUSD. The move UP has started.
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
#3868 Posted : Tuesday, April 28, 2020 12:56:03 PM
Rank: Elder


Joined: 10/11/2006
Posts: 2,151
lochaz-index wrote:
mnandii wrote:
Ceinz wrote:
slick wrote:
VituVingiSana wrote:
mnandii wrote:
TRADE IDEA

GOLD



Sell Gold with your Stop Loss at 1515.96 and target 1427.60, a 700 pip move. This will complete an expanded flat wave B. Thereafter we'll go long.
One could have been wiped out with this move if one bet all-in naked! Gold at 1650+ today. I don't have gold but I think the safest option is going long or staying in cash. No shorts!


Gold is the ultimate safe heaven from this central bank fiat money printing madness.It initially sold with the rest of the market as it was a liquid asset during the liquidity crunch to meet margin calls from from other falling assets like general equities.Talk of throwing out the baby with the bath water.Now gold is responding to the trillions of currency being created from debt and nothing.Long term its expected to go much higher and take out its 2011 all time highs of 1900.Its still massively overvalued considering all the fiat being conjured up.

If we could only go back to a gold standard that limits the ability of central banks to just print money.As history shows fiat currencies always fail and this current fiat regime wont be different.There have been numerous cycles for thousands of years from gold to fiat and back to gold and maybe that rhythm will repeat itself


Couldnt have put it better.


Am bearish Gold. I don't see the last high of 1919 being broken upward. Gold should fall to below 1000. Will be similar to Oil that no one believed would drop.

I'm bearish gold as well. There needs to be a proper shake out of weak hands aka groupie investors before the big move 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
#3869 Posted : Wednesday, April 29, 2020 3:17:41 PM
Rank: Elder


Joined: 10/11/2006
Posts: 2,151


Wave B of (D) of USDJPY bottoming at about 106.40. The next move is UP about 1000 pips in wave C.
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
#3870 Posted : Friday, May 01, 2020 8:39:54 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,151


Fellow traders, USDJPY has started the move UP. Look for opportunities to be LONG with your SL at 106.30
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.
lochaz-index
#3871 Posted : Monday, May 04, 2020 8:09:19 AM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,119
mnandii wrote:


Fellow traders, USDJPY has started the move UP. Look for opportunities to be LONG with your SL at 106.30

Currently shorting AUDJPY. Will check out this cross as well.
The main purpose of the stock market is to make fools of as many people as possible.
mnandii
#3872 Posted : Thursday, May 07, 2020 12:53:26 PM
Rank: Elder


Joined: 10/11/2006
Posts: 2,151
lochaz-index wrote:
mnandii wrote:


Fellow traders, USDJPY has started the move UP. Look for opportunities to be LONG with your SL at 106.30

Currently shorting AUDJPY. Will check out this cross as well.

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
#3873 Posted : Thursday, May 07, 2020 12:58:08 PM
Rank: Elder


Joined: 10/11/2006
Posts: 2,151


USDJPY. The bottom of wave B has been elusive but I maintain a bullish bias. I now target 105.20 as the point from which the upward move should start. 105.20 is the Fibonacci 61.8% retracement of wave A.
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
#3874 Posted : Monday, May 11, 2020 7:46:42 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,151


Gold should rise in a minute wave [iii] with a target of 1825 or thereabouts.
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
#3875 Posted : Friday, May 29, 2020 12:11:32 PM
Rank: Elder


Joined: 10/11/2006
Posts: 2,151
lochaz-index wrote:
mnandii wrote:


Expecting EURUSD to climb upwards of 1.2760 in wave 3 in the coming month.

I'm on the opposite side of this one. Expecting it to tank below parity as European economic problems come to the fore.




Really sweated out, waiting for the rise. It is now rising. 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.
mnandii
#3876 Posted : Friday, May 29, 2020 12:15:01 PM
Rank: Elder


Joined: 10/11/2006
Posts: 2,151


Look to go LONG USDJPY. Target at least 700 pips at about 115.00
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
#3877 Posted : Tuesday, June 09, 2020 11:39:36 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,151


This the weekly chart of the USDJPY pair. The triangle formation is in progress where I expect a wave (D)rally to about 113.40. It is best to be long and target these 600 pips with a Stop Loss at 105.92
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
#3878 Posted : Tuesday, June 09, 2020 11:47:42 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,151


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.
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
#3879 Posted : Tuesday, June 09, 2020 11:54:05 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,151


GBPUSD 4H chart. Has fallen in a wave iv. Expect a rally to target 1.2900s.
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
#3880 Posted : Tuesday, June 09, 2020 12:41:14 PM
Rank: Elder


Joined: 10/11/2006
Posts: 2,151

GOLD. Monthly Chart.
Expecting one FINAL move above 1763 then we start a strong move DOWN.
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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