User Name: Password:      Register - Lost password?

2003  2004  2005  2006  2007  2008  2009  2010  2011  2012  2013  2014  2015  2016  2017  2018  
January  February  March  April  May  June  July  August  September  October  November  December  
01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31

Forex Forum Archive for 01/04/2003

Pick a date from the header above to view forum postings for that day.
Click here to join the Live Forex Forum.

jerusalem serge 23:22 GMT January 4, 2003 Reply   
Thanks VA Raven for your reply but things might be a little different now as that entire 1100 pip move in swissy has not corrected yet and the SNB and BOJ are talking about intervention and even a move to 137.50 would still see a retracement to 1.40 and same with euro to 1.06 but in principal you are right it is better to be protected and take that small loss ,anyway these are very small positions that i have.
Also it looks like the traders did not want to take dollar long over the weekend but it looks like they will be back on monday to make their few $ on the correction.

Va Raven 23:00 GMT January 4, 2003 Reply   
Jerrusalem Serge, for the pure purpose of discussion, I digged out the exchange that I had with Paris JOM from the Archive when USD/CHF was around 1.44;
"Va Raven 11:47 GMT November 8, 2002
The whole "situation" is making usd/chf very hard to hold 1.4 line by yearend..... which is less than 60 days, JOM."
USD/CHF made almost a top at 1.49 and then down under 1.39 since then. I would have taken a big loss if I acted too quick on my view or happy with a huge gain if not acted too late.... the point is tha I can't afford 500 pips loss in one trade although I love the 500 pips gain in one position.

Jerusalem Serge 22:33 GMT January 4, 2003 Reply   
Like Oliver from Geneva i also bought 2 dollar long positions
EUR/USD @ 103.65
USD/CHF @ 140.10
I am planning on riding it out without stop losses as these levels seem to be in the playing range for the next week or two even if the dollar continues to weaken. My question was what should my target be for these against medium trend positions should i just look to cover my losses and aim for 1.0350 1.4030 or i should aim for more.
I would appreciate some advice.

Geneva Oliver 22:31 GMT January 4, 2003 Reply   
Va Raven 22:18 GMT

Thanks for your opinion. I shall study that before the opening and I shall tell you what I attend to do. I am not happy with myself because I am actually quite bearish on the dollar and bullish on gold.


Memphis 22:22 GMT January 4, 2003 Reply   
My typing also leaves a little to be desired.

Memphis 22:20 GMT January 4, 2003 Reply   
I'm new here and also new to fx. At risk of looking like an idiot I wanted to ask you guys If you trade for yourselves or for customers or an employer. What are your opinions of online trading with people like Gain Capital? I've been luck enough to make some decent money the past few years and have grown very tired of gambling. The whole concept of fx intrigues me and I would liek to learn more. Where do most traders get there true FX education from?



Va Raven 22:18 GMT January 4, 2003 Reply   
Oliver, in general, short term, the market is looking for a correction for the oversold dollar while the condition seems not fully ready and that's why we had such a trading patten of the first two days this year.
Euro can be easily sold off at any time with any trigger on the way up from here for the short term (this month) depending on the day-to-day development in the war speculation - most part of dollar weakness has been sofar resulted from that issue. So, your positions have the potential to profit for decent results at anytime - 1.0270 in eur/usd and 1.5910 in gbp/usd are all real targets in very short term.
Now in specific, if I had such positions like you are holding, I would consider three options; 1) Do nothing and let the market run its own course since my stoploss has set to limit any further risks; 2) Cut the half positions when the market opens and leave the rest for option one; and 3) Buy eur/gbp and sell gbp/chf with 0.6449 and 2.2561 tight stoploss.
Last, I might want to change the stoploss for gbp/usd position to 1.6141.

Oliver, I could be totally wrong with all of these 3 options, but that's exactly what I will risk for the potential gains. Personally, my short gbp and euro positions were all stopped out last Friday at 1.0406 and 1.5991 giving out almost half of gains if I close them at 1.0350 and 1.5910, but I was looking for 1.0270 and 1.5845. I don't argue with the market but risk it with limitation. Still holding long aud/usd from last Friday and looking for 0.57 breakout which should be the same direction as your positions.
Good luck!

Geneva Oliver 21:39 GMT January 4, 2003 Reply   
Va Raven - Thanks

Toronto BA 21:28 GMT January 4, 2003 Reply   
I am in the new forum- I like the save initials option-

Geneva- two things I learned from trading stocks-
1.- set a stop loss and stick to it-
2.- Take a small loss and look for another opportunity-

Why it took me so long to learn?
I was always hoping that the trade would turn out- but I would lose the energy necessary to follow it, or focus on other trades or other issues- end up losing more than I should have-

These simple rules would have saved me a lot of dough-
Now I will live by them-

Va Raven 21:23 GMT January 4, 2003 Reply   
I think Oliver's questions/posts are the true case of real people with real trades. Its a good case for a non-bs discussion.
Oliver, the positions are poor and the risk is there, but it's limited since you have set the stoploss. Dont expect too much from the forum, the best you can get is the discouragemnet and encouragement. I believe you are here for real, so I will try my 2-cents to discourage/encourage you at good will later after I finish my readings.....

Geneva Oliver 20:54 GMT January 4, 2003 Reply   
To NYC 20:09 GMT January 4, 2003
Opened - EURUSD - 1.0365 - Sold
Opened - GBPUSD - 1.6060 - Sold

That is the average

TOR 20:52 GMT January 4, 2003 Reply   
Any view on aus/usd and usd/cad for the coming week?

NYC 20:09 GMT January 4, 2003 Reply   
Olive, where did you open these two positions, I mean the entry levels?

Geneva Oliver 16:33 GMT January 4, 2003 Reply   
Hi to everyone - I do not participate too much in your discussion (but I do follow your ideas)and I would like your opinion about the EUR and Pound. I am bullish on this two currencies againt the dollar but like a dummy I decided to short them on Friday thinking that I would make an extra buck. Now, I am tempted to take a lose and go long these 2 currencies.
Shoudl I want a little before taking a loss and what stops would you recommend from the Friday's closing levels.

Presently, I placed a stop for EUR/USD at 1.0456 and Pound/USD is only 1.6121. Any opinions would be appreciated. Thanks

Global-View 15:49 GMT January 4, 2003 Reply   
waterloo yong 15:13 GMT January 4, 2003
Contact us and we will explain.

hk revdax 15:29 GMT January 4, 2003 Reply   
Tony//IMVHO...Euro will resume its down trend next Monday but that is all I can see. Tell me something about where you are living and the best things to do over there. Any good food a/o beautiful girls ???

waterloo yong 15:13 GMT January 4, 2003 Reply   
Gen dk hi.. when i looked at your trading signals subscribes, i don't understand what the long and short means.. what's the long position ..and short position. is that means buy position,and sell position?

SHENZHEN Laowen 12:58 GMT January 4, 2003 Reply   

barcelona tony 11:42 GMT January 4, 2003 Reply   
hi Revdax, your views on euro and her highness?? :-) TIA

HK Revdax 11:38 GMT January 4, 2003 Reply   
RF//That is OK. They all represent knowledge.

Hong Kong nt 05:02 GMT January 4, 2003 Reply   
KIWI--seems more patience is needed before buying on a decent pullback, say, 500 pips from whatever top level, e.g. 0.55...

AKL BOZO 04:49 GMT January 4, 2003 Reply   
Hi..I'm new here and new to Forex. Can anyone recommend a trading course for a good grounding in the basics?

HK Revdax 02:29 GMT January 4, 2003 Reply   
HK ab//Not sure about Jan but next Monday the geese might attempt another southern migration with the Euro.

Philly brm 02:13 GMT January 4, 2003 Reply   
hi - I'm new to the site - I have a longer term focus and I currently trade with company that charges me for holding a position overnight. Is that the norm? Any way to avoid this overnight charge? thanks!

Gold Coast L 01:40 GMT January 4, 2003 Reply   
Hi Jay , I am in

Toronto Sparker 00:57 GMT January 4, 2003 Reply   
check...trying out the new site..


Actionable trading levels delivered to YOUR charts in real-time.

Register To Test Your Amazing Trader

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 16 Apr 2018
AA 12:30 US- Retail Sales
Tue 17 Apr 2018
AA 08:30 GB- Employment
A 09:00 DE- ZEW Survey
A 12:30 US- House Starts/Permits
A 13:15 US- Industrial Production
Wed 18 Apr 2018
AA 01:30 AU- Employment
AA 14:00 CA- BOC Decision
AA 14:30 GB- EIA Crude
Thu 19 Apr 2018
A 13:30 US- Weekly Jobless
A 14:00 US- Leading Indicators
Fri 20 Apr 2018
A 12:30 CA- CPI/Retail Sales

John M. Bland, MBA
co-founding Partner,
Start trading with forex broker Markets Cube

Max McKegg's Daily Forex Trading Forecasts

Veteran FX Trader, Max McKegg, forecasts all the Major currencies and the Australasians; providing Daily and Medium Term Trading forecasts to subscribers, who include large Banks the world over, as well as individual traders in more than 30 different countries.

Request a TRIAL of Max's Forex Service.


Retail Forex Brokerage Changing!

Are you looking for your first broker or do you need of a new one? There are more critical things to consider than you might have thought.

We were trading long before there were online brokers. Global-View has been directly involved with the industry since its infancy. We've seen everything and are up-to-data with recent regulatory changes.

Our Best Brokers listing section includes:Forex Broker Reviews, Forex Broker Directory, Forex Broker Comparisons and advice on How to Choose a Forex Broker

If would like guidance, advice, or have any concerns at all ASK US. We are here to help you.

SEE Our Best Brokers List

Currency Trading Tools

  • Live rates, currency news, fx charts. 

  • Research reports and currency forecasts.

  • Foreign Exchange database and history.

  • Weekly economic calendar.

Directory of  Forex trading tools

Terms of Use    Disclaimer    Privacy Policy    Contact    Site Map

Forex Forum
Forex Trading Forum
Forex Forum + forex rates
Forex Forum Archives
Forex Forum RSS
Free Registration

Trading Forums
Currency Forum Guide
Forum Directory
Open Forum
Futures Forum
Political Forum
Forex Brokers
Compare Forex Brokers
Forex Broker News
Forex Broker Hotline

Online Forex Trading
Forex Trading Tools
Currency Trading Tools
Forex Database
FX Chart Points
Risk/Carry Trade Chart Points
Economic Calendar
Quicklinks to Economic Data
Currency Futures Swaps
Fibonacci Calculator
Currency Futures Calculator

Forex Education
Forex Learning Center
FX Trading Basics Course
Forex Trading Course
Forex Trading Handbook

Forex Analysis
Forex Forecasts
Interest Rate Forecasts
Central Bank Forecasts

FX Charts and Quotes
Live FX Rates
Live Global Market Quotes
Live Forex Charts
US Dollar Index Chart
Global Chart Gallery
Daily Market Tracker
Forex News
Forex Blog
Forex News
Forex Blog Archives
Forex News RSS
Forex Services
Forex Products
GVI Forex
Free Trials
FX Bookstore
FX Jobs and Careers
Jobs USA
Jobs UK
Jobs Canada

Forex Forum

The Global-View Forex Forum is the hub for currency trading on the web. Founded in 1996, it was the original forex forum and is still the place where forex traders around the globe come 24/7 looking for currency trading ideas, breaking forex news, fx trading rumors, fx flows and more. This is where you can find a full suite of forex trading tools, including a complete fx database, forex chart points, live currency rates, and live fx charts. In addition, there is a forex brokers directory where you can compare forex brokers. There is also a forex brokers hotline where you can ask for help choosing a forex broker that meets your individual fx trading needs. Interact on the same venue to discuss forex trading.

Forex News

The forex forum is where traders come to discuss the forex market. It is one of the few places where forex traders of all levels of experience, from novice to professionals, interact on the same venue to discuss forex trading. There is also the GVI Forex, which is a private subscription service where professional and experienced currency traders meet in a private forex forum. it is like a virtual forex trading room. This is open to forex traders of all levels of experience to view but only experienced currency tradingprofessionals can post.

Currency Trading

Currency trading charts are updated daily using the forex trading ranges posted in the Global-View forex database. You will also find technical indicators on the fx trading charts, e.g. moving averages for currencies such as the EURUSD. This is another forex trading tool provided by

Forex Brokers

The forex database can be used to access high, low, close daily forex ranges for key currency pairs, such as the EURUSD, USDJPY, USDCHF, GBPUSD, USDCAD, AUD, NZD and major crosses, including EURJPY, EURGBP, EURCHF, GBPJPY, GBPCHF and CHFJPY. Data for these currency trading pairs dating back to January 1, 1999 can be downloaded to an Excel spreadsheet.

Forex Trading

Forex chart points are in a currency trading table that includes; latest fx tradinghigh-low-close range, Bollinger Bands, Fibonacci retracement levels, daily forex pivot points support and resistance levels, average daily forex range, MACD for the different currency trading pairs. You can look on the forex forum for updates when one of the fx trading tools is updated.

FX Trading

Global-View also offers a full fx trading chart gallery that includes fx pairs, such as the EURUSD, commodities, stocks and bonds. In a fx trading world where markets are integrated, the chart gallery is a valuable trading tool. Look for updates on the Forex Forum when the chart gallery is updated.

Forex Blog also offers a forex blog, where articles of interest for currency trading are posted throughout the day. The forex blog articles come from outside sources, including forex brokers research as well as from the professionals at This forex blog includes the Daily Forex View, Market Chatter and technical forex blog updates. In additional to its real time forex forum, there are also Member Forums available for more in depth forex trading discussions.



Copyright ©1996-2014 Global-View. All Rights Reserved.
Hosting and Development by Blue 105