I see you predict GBP/YEN to 148.00. Last time it peaked to this level was 13 of July and several other Major currencies strenghtened agains minor ones that day (e.g. CHF and EUR). If YEN hits this level, how do you see CHF against NOK at that time?
Here is an example of how bad it can be to put in Automatic stop-loss in to your trading system....
EUR/NOK pair dipping down to extreme values. Forex markets showing volatility yes, but this shows also that there are some systems out there "cheating". My guess, some brokers gather their Stop Loss from customers and "sell" it. This is an extreme example, dipping the EUR/NOK from 8,6452 to 2.4481 Intraday, then go straight up again..... WTF?
I have surely been dropped out many times on a STOP LOSS that I set in to my program. Trading with "banana-currencies" like the NOK or SEK.... I think it is better to keep the STOP LOSS in the mind, don't set it in the program. However.... this example is totally unacceptable for any trader. Check it out. http://bildr.no/view/468001
What are your expectations? Are you bullish or bearish on the market now? How are your forecasts, depression like the 1929-1933? Or are you optimistic about the stock market? I see you predict 68 $ for the oil, it will affect the Norwegian Kroner. So is it a good time to go short with Major currencies like CHF or USD now?
The CHF/NOK made a perfect SHS formation between October and March, and dropped down to 5,6. However, it went up again, consolidated between 5,9-5,7 untill May. In May "I should have stayed away". May/June is what I call the end of Bear-Market-rally. Now the consolidation has reached a higher level, bottoms are higher and tops are higher. This is why I expect another top (like the one we had last Monday before Swiss Bank intervention). Whenever stocks and oil drop, the NOK drop too. No matter if Swiss Bank intervene, CHF is a safe heaven currency, and NOK is not.... Just wondering how high up we will go before Swiss Bank will intervene again.
I am struggling with a short on CHFNOK. I was about to sell out, but unfortunately Swiss Bank started selling CHF before me the 24.th of June. So now I am stuck with this short. I shoud have seen it coming. The support line between EUR/CHF is 1.500 and Swiss Bank like to keep their CHF on the upside of this level. However I am trading CHFNOK in a bear-market... not smart, I know. The support level for this currency pair has kept on consolidated to a higher level. (I should have got out in May....)
Please, I need your help. How high will the CHFNOK go before it will drop down again?
PS. I lost allot of money on trading, listening to my "expert-brokers". To bad I didnt discover your excellence last year, before I stepped into this thriller.
Please Ashraf Laidi! I traded the USD/NOK and are now struggling.... I bought dollar on a high level and had to sell on a lower level. Panicked! However I havent yet closed my position. But traded the bullish dollar and gained some serious bips on it way up.
However, can you tell me your predictions on the USD/NOK this week? What about the interest meeting on Wednesday? What is your outlook?
I really need some help, or my account will be in big trouble...again!
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I see you predict GBP/YEN to 148.00. Last time it peaked to this level was 13 of July and several other Major currencies strenghtened agains minor ones that day (e.g. CHF and EUR). If YEN hits this level, how do you see CHF against NOK at that time?
Best Regards
EUR/NOK pair dipping down to extreme values. Forex markets showing volatility yes, but this shows also that there are some systems out there "cheating". My guess, some brokers gather their Stop Loss from customers and "sell" it. This is an extreme example, dipping the EUR/NOK from 8,6452 to 2.4481 Intraday, then go straight up again..... WTF?
I have surely been dropped out many times on a STOP LOSS that I set in to my program.
Trading with "banana-currencies" like the NOK or SEK.... I think it is better to keep the STOP LOSS in the mind, don't set it in the program.
However.... this example is totally unacceptable for any trader.
Check it out.
http://bildr.no/view/468001
What are your expectations? Are you bullish or bearish on the market now? How are your forecasts, depression like the 1929-1933? Or are you optimistic about the stock market?
I see you predict 68 $ for the oil, it will affect the Norwegian Kroner. So is it a good time to go short with Major currencies like CHF or USD now?
Best Regards
The CHF/NOK made a perfect SHS formation between October and March, and dropped down to 5,6.
However, it went up again, consolidated between 5,9-5,7 untill May. In May "I should have stayed away". May/June is what I call the end of Bear-Market-rally. Now the consolidation has reached a higher level, bottoms are higher and tops are higher. This is why I expect another top (like the one we had last Monday before Swiss Bank intervention).
Whenever stocks and oil drop, the NOK drop too. No matter if Swiss Bank intervene, CHF is a safe heaven currency, and NOK is not....
Just wondering how high up we will go before Swiss Bank will intervene again.
Regards
I am struggling with a short on CHFNOK. I was about to sell out, but unfortunately Swiss Bank started selling CHF before me the 24.th of June. So now I am stuck with this short. I shoud have seen it coming. The support line between EUR/CHF is 1.500 and Swiss Bank like to keep their CHF on the upside of this level.
However I am trading CHFNOK in a bear-market... not smart, I know.
The support level for this currency pair has kept on consolidated to a higher level. (I should have got out in May....)
Please, I need your help. How high will the CHFNOK go before it will drop down again?
PS. I lost allot of money on trading, listening to my "expert-brokers". To bad I didnt discover your excellence last year, before I stepped into this thriller.
Best Regards
Bjrn
Please Ashraf Laidi! I traded the USD/NOK and are now struggling.... I bought dollar on a high level and had to sell on a lower level. Panicked! However I havent yet closed my position. But traded the bullish dollar and gained some serious bips on it way up.
However, can you tell me your predictions on the USD/NOK this week? What about the interest meeting on Wednesday? What is your outlook?
I really need some help, or my account will be in big trouble...again!
FXHandler