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Forex Forum Archive for 01/17/2003

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Los Angeles erik 22:07 GMT January 17, 2003 Reply   
can someone explain to me the format of the gendk performance pdf (for example: http://www.global-view.com/gendk/DecPerform.pdf) P/L 1..4 means max 4 trades per day? what are the "1st" and "2nd" columns per pair?

thanks

Melb mpfx 21:34 GMT January 17, 2003 Reply   
Does anyone have or know where i can get usd/cad historical weekly O/H/L data. thanks..

NYC NAG 21:11 GMT January 17, 2003 Reply   
anyone know what the high in EURGBP was this run up.

Gen dk 21:02 GMT January 17, 2003 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Gen dk 20:56 GMT January 17, 2003 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

NYC FatTony 20:55 GMT January 17, 2003 Reply   
Bas
Trade went well...out for a while now

NYC FatTony 20:54 GMT January 17, 2003 Reply   
Is that Bas Rock?

c-town bas 20:50 GMT January 17, 2003 Reply   
where is "Fat tony" NYC,, how your aussie trade work out?

c-town bas 20:44 GMT January 17, 2003 Reply   
hey mpo nyc,

what's going on..... haven't traded since 10/01.. we used to trade at same place if you who i think you are.....what do you think about correction on euro?

Stockholm ZA 20:25 GMT January 17, 2003 Reply   
tr tr 19:58 GMT
There goes your IP ::::> net etics... Maby it`s time to pull the plug ::::::> good bye

van Gecko 20:18 GMT January 17, 2003 Reply   
hiya mtl J'Pipski.. you & all her majesty's loyal followers can vote at;
http://i_vote.for.her.majesty_to.do.a.double.reverse/back.flip.html
*_^

Helsinki iw 20:14 GMT January 17, 2003 Reply   
van my good man, I think the euro mustang is just about to
run out of gas and all those happy followers will have to put
their flat feet on the ground soon. Prefer a test to 1,0735/45
and then one of then the disappearing act southwards. Hope
you are keeping well.

Spam 20:12 GMT January 17, 2003 Reply   
tr tr 19:58 GMT nobody is interested in this junk! Why dont you give up?

Taipei Lee 20:01 GMT January 17, 2003 Reply   
tr tr dont you ever give up?

Mtl JP 20:00 GMT January 17, 2003 Reply   
Hi van Gecko 19:41 / no fancy olympics for Her Highness, she seems to be suckling on euro teet.. where the euro cow goes, sterling follows.

Malaga boqueron 19:52 GMT January 17, 2003 Reply   
Her highness - Just some sharks hunting for some stops - Take a look at the BPAD cross. That will be much much higher next week.

Taipei Lee 19:50 GMT January 17, 2003 Reply   
Euro is trying hard to close above 1.07 as Viies predicted

nyc mpo 19:48 GMT January 17, 2003 Reply   
Think cable is going to nestle into a 1.60-1.65 range for the coming months

van Gecko 19:41 GMT January 17, 2003 Reply   
how many votes for her Highness GBP if she decides to do one of her patented olympic size Double Reverse Backflip dive next week..?


Porto PJT 19:39 GMT January 17, 2003 Reply   
pd cumino, i am not a good trader in day trading and when i realise that- after loose many euros - i sit in a position like nok, aud and nzd.I will be very unappy if i couldnt count with my nok trades.
Cheers.

pd cumino 19:20 GMT January 17, 2003 Reply   
Porto. I don't speak about Monday's outlook or so. This is for gurus, but unfortunately I am not, I am only a professional who work for large corporated firms.
What I said is that NOK is supported from oil, carry trades (namely gov.bond buiyng as it is high yield currency),it's economy is worsening, Norge Bank doesn't want a strong NOK, also if it cannot do anything more than lower rates. So, much of it's strenght may evaporate when (if) risk-war diminish. NOK is the first candidate, and NOK-SEK is a way to trade this risk "withouth" dollar. The trade (with the KO) is bad "only" if this view is completely wrong, not if it is moderately wrong (you gain with the option and loss with the spot).

Porto PJT 19:04 GMT January 17, 2003 Reply   
pd cumino, i usually long in nok against usd and euro with sucess, do you think that could change with others crosses like you see on sek?thanks.

Philly brm 19:03 GMT January 17, 2003 Reply   
London Mitch - reading recent posts and find myself to be longer term trader similar to yourself. You said you use trend lines and MA - what chart duration do you use and what MA do you look at? If I look at 4 and 8 hr charts for GBP?$, the 15 MA just crossed over the 45 MA, which has been a good buy signal in the past year. Any thoughts....TIA

pd cumino 19:02 GMT January 17, 2003 Reply   
As for the posted trade:
1) Buy SEK, sell NOK (spot trade)
2) Buy a SEK PUT/NOK CALL (expiry 2 or 3 months) with Strike ATMF (at the money forward) and with a reverse KO (for example a little out of the straddle equal tenor PV break even).
A reverse KO is a KO in the direction of the option gains. For example assuming spot SEK-NOK 1.2630 it is a spot higher (1.30 or 1.35....)
The rationale of the trade is that I could well be wrong but I lose only if I am completely wrong and spot touch KO. A reverse KO doesn't cost much money. Remember that this is a medium-term trade (2/3 months) not a intraday or day-trade, and it's worth to study the timing to entry which is intuitively when the perceived risk of war is maximum. If anyone don'understand something and courtesly ask for, is not silly, is intelligent and educated.

SFO al 19:00 GMT January 17, 2003 Reply   
OUT @ 1.3706

test test 18:58 GMT January 17, 2003 Reply   

London Mitch 18:56 GMT January 17, 2003 Reply   
ny jc 18:17 // That's the whole point of the post!! We want to see MORE votes. How many people read this forum??? C'mon guys - go to this website and give us your opinion for the Euro at year end! If we can see 200 + votes, the results could be quite interesting reading for us all.
Cast you're vote here:

http://utenti.lycos.it/igorwaltritsch/index.php

GVI john 18:55 GMT January 17, 2003 Reply   
Our programmers are working on our server and said to anticipate periodic very short outages.

Toronto 18:52 GMT January 17, 2003 Reply   
Test

Athens 18:40 GMT January 17, 2003 Reply   
Madras JJ, I didn't say I would disappear, only said I will take it easier and thus no longer a frequent participant like in the past. I keep in touch with Jay.

Welkom.SA J.W 18:40 GMT January 17, 2003 Reply   
I will aso appreciate if any one could give me more info on Trader's traps?

Madras JJ 18:35 GMT January 17, 2003 Reply   
Athens 18:26 GMT January 17, 2003
Nice to see you again. I took a right view that you'd be back. Best regards...

prague mark 18:35 GMT January 17, 2003 Reply   
pd cumino 18:29 GMT
sorry for silly q, but what u mean when saying "reverse KO protection" - TIA

Porto PJT 18:31 GMT January 17, 2003 Reply   
Taillin viies, are you around?

pd cumino 18:29 GMT January 17, 2003 Reply   
Another help to you.
In my opinion a good way to trade "risk war" i.e. the end of "risk" in future, but staying out of USD, which is itself in a weak trend, may be to trade NOK. Jan 22 Norge bank may cut i.r. (50bp?), economics are weakening hard, Nok is overvalued and it the is European currency that has grown more than the others. NOK is strongly oil-correlated, foreigner bought bonds since September/October, but historically these flows don't last.
The cross may be NOK-SEK especially if "end of war" or "peace" sparks
a risk-seeking environment. I think buy SEK and sell NOK and protect the trade with a reverse KO option could be a good trade.

Welkom.SA J.W 18:28 GMT January 17, 2003 Reply   
Salonika 2003 nk,
Would u be so kind as to tell me how your analysis derived the fig. of 1.3588?

Athens 18:26 GMT January 17, 2003 Reply   
Re my 11:20 the mentined level (1.0680-85) capped the upside today. Although far from being an indication of any USD strength, it was the level the EUR had to clear today to gather momentum. I'm a expecting a very interesting week ahead. Have a nice weekend.

Stockholm ZA 18:21 GMT January 17, 2003 Reply   
bahdad Dr Unken Kat 18:11
I know what you mean___ Opps........ Happy trades to you friend.

Madras JJ 18:19 GMT January 17, 2003 Reply   
GV
The breadth of FX & Help forum are ok but that of Political forum is vey wide, requiring one to scroll horizontally. The substance is located at the middle. Need to scroll horizontally to see side bars.
Another point is..below censored's ticker the hyperlinks are partly hidden (hyperlinks like Home FX Forum Financial etc). Only the upper half of these headlines are visible.

ny jc 18:17 GMT January 17, 2003 Reply   
London Mitch 13:57
What 20 votes.
Good one

Stockholm ZA 18:14 GMT January 17, 2003 Reply   
GVI john 18:07
It`s all good. The Beta version is very nice:::: Thank you & keep up the GOOD works.. God bless

bahdad Dr Unken Kat 18:11 GMT January 17, 2003 Reply   
Stockholm, that's why people have secretaries, lucky bastardos

Welkom Jw 18:09 GMT January 17, 2003 Reply   
Salonico 2003, nk, thanks for your reply, enjoy the weekend

saloniko 2003 nk 1.18 18:07 GMT January 17, 2003 Reply   
And dont use elevators..LOL!

Step is the best for health...

Anyway do be serious i agree with mr Van Gecko and i think maaayybe some Euro tops is in place and some usd/j bottoms short term..

nk*!*

GVI john 18:07 GMT January 17, 2003 Reply   
Sorry, we are struggling through what we believe is a server issue, although it could be software. We are working to try to pin-point the specific problem.

Stockholm ZA 18:03 GMT January 17, 2003 Reply   
A day without this forum could be very lonesome::::::> Ha Ha Hah..

saloniko 2003 nk 1.18 18:01 GMT January 17, 2003 Reply   
Good Evening..
Only some 100pips frome usd/cfr 1.3588 to close my short..

Have a nice weekend..
nk

Stockholm ZA 18:00 GMT January 17, 2003 Reply   
T-Test ::::>????

Welkom Jw 18:00 GMT January 17, 2003 Reply   
Good day to the members, Can anyon give me a view of current position till NY close, I have CHF closing on 1.3651?

Gen dk 17:56 GMT January 17, 2003 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

London Mitch 13:57 GMT January 17, 2003 Reply   
According to the current poll most people seem to think the Euro will be at 98 by year end? What's your view? Cast your vote here:

http://utenti.lycos.it/igorwaltritsch/index.php

Kenya Joe 13:55 GMT January 17, 2003 Reply   
Van Gecko, good morning, I will apreciate your view on usd/jpy, particular in this currency, for now, too much strenght, BOJ no intervention coming, how far can drop, or can go trough 120?

TIA.
very much apreciate.

NYC The RWB 13:53 GMT January 17, 2003 Reply   
From GVI PROFESSIONAL FORUM:

GVI john

MARKET OPINIONS: The dollar is bearing the brunt of the “event risk” heading into the weekend, as well it should. This is not a market view but the voice of experience speaking. Beware of political markets because political events have a way of not following through as expected, and at times “turning on a dime”. U.S. markets close early today and will not reopen again until next Tuesday. This can be an eternity. I’m just suggesting to some of the newer traders out there that they minimize their market exposure over the weekend. I don’t think it will happen, but if Saddam suddenly flees into exile, the dollar could be sharply higher by the time we open again. On the other hand it could be trading a lot weaker if tensions continue to mount.

London Mitch 13:53 GMT January 17, 2003 Reply   
San Juan Lil 13:51 // No, but I'll take a look - thanks.

Moscow KY 13:52 GMT January 17, 2003 Reply   
Nikolai//No problem, it depends on the amount though :)) You may contact me at maximo@dwp.net. Minsk//If you are looking for a decent broker to fund your account with credit card I would recommend one of the sponsors of this site, its name starts and ends with C and consists of 3 letters.

San Juan Lil 13:51 GMT January 17, 2003 Reply   
London Mitch, have you tried
www.site-by-site.com/usa/futures/noframes/currencies.htm

Milano Xav 13:50 GMT January 17, 2003 Reply   
I have a question for the forum.
If trade deficit is wideaning, in theory a dollar decline should help it, but on the other side, a wider gap means that there is less demand for us goods and services from foreigner countries and areas like Japan, Europe, due to worsening economic conditions.
If Euro and Jpy will keep going higher i feel the demand of us products and services from outside will slow even more, so what would be the best solution for Us ?.
Keep a strong dollar to finance the deficit instead of a softer doll policy.
imvho

van Gecko 13:49 GMT January 17, 2003 Reply   
Sofia Red 13:20.. Uncle Sam has a long weekend coming up to remember ML King.. & as you know, anything could happen in this wild & wonderful Fx'ing world..
if this 'geopoltic' thing blows, your MACD will stay up & up to the happy tunes of all e_utopians..
on the other hand, if Saddam cries Uncle & took the next boat to Sibera, then Euro & MACD could drop like a broken elevator down to the 1/8th levels to the delight of the $bulls...
also.. there's a 'bad moon' rising tommorrow..
who's gonna howl ?
Cheerios..



hk ab 13:49 GMT January 17, 2003 Reply   
Thanks very much Erik and Ven.

AUssie Rhv 13:49 GMT January 17, 2003 Reply   
Who wants to see Euro crash

Toronto Erik 13:48 GMT January 17, 2003 Reply   
hk ab 13:40 GMT...Canada Trade Surplus Drops Sharply C$4.11bn from C$4.86bn (IFR)

Sofia Ven 13:46 GMT January 17, 2003 Reply   
CAD data
The surplus fell to a seasonally adjusted C$4.11
billion from C$4.86 billion in October, itself revised
down from C$5.07 billion. A Reuters survey of analysts had on
average forecast a surplus of C$4.98 billion.
Exports dipped by 2.2 percent to C$34.30 billion from
C$35.08 billion (revised from C$35.44 billion) while imports
stood at C$30.19 billion, 0.1 percent down from C$30.22 billion
in October (revised from C$30.37 billion).

London Mitch 13:46 GMT January 17, 2003 Reply   
London AL 13:39 // Looks reasonable to me. I watch the spot market but trade the March future. I haven't been able to find any good realtime prices on futures markets for little or no cost. Can you recomend any??

Pecs Andras 13:46 GMT January 17, 2003 Reply   
Daniel
When ould you enter EUR long in this situation? And what level do you forsee as a good antrey now?

Toronto Erik 13:45 GMT January 17, 2003 Reply   
what's the strategy on USDCAD here? I'm getting a tad frustrated. Hourly MACD showing positive divergance but the dailies looking bearish STILL. Can i go around the table and ask a few of you guys what you're doing with the pair? thanks.

Pecs Andras 13:45 GMT January 17, 2003 Reply   
Do you guys expect any sizabée pullback for EUR after bad trada data. Technically there is no significant resistance until 0765. Some option barriers at 675 and 700 are rumored though.

hk ab 13:44 GMT January 17, 2003 Reply   
cad is now on 2 years support line. 1.5260-80 zone

hk ab 13:40 GMT January 17, 2003 Reply   
Does anyone have Cad data?

Milano Xav 13:40 GMT January 17, 2003 Reply   
Ref London, I agree, well i will cut in case of break of 0.6540 in eurgbp, or 1.0685 in eurusd.
Anyway I expect a pullback in usd soon, even if i won't go short eur, to wait better level to go long.

London AL 13:40 GMT January 17, 2003 Reply   
London Mitch 13:35 BPH3 - current level 1.6108

London AL 13:39 GMT January 17, 2003 Reply   
London Mitch 13:35 BPH3 . futures opens on gap. sell looking for 1.6084 top of gap but real support and place to relaod her Majestys gun is 1.6046 - 1.6054. (Futures trade 65 under spot)

Seattle MrHuckFin 13:37 GMT January 17, 2003 Reply   
S.-Petersburg Russia Nikolai:If you open an account with them I think I get a free toaster! ;-)

London Mitch 13:35 GMT January 17, 2003 Reply   
Xav// Hmmm... difficult one. Knowing Cable there could be a reasonable short term pullback to 1.6125 at which point I'd get out. On the other hand it could shoot up another 100 pips pretty quickly from here. It looks as if it certainly wants to go higher.

The other option would be to hegde your bets by buying double what you sold and leave them both run. But you'd want to have a very good pre-defined get out on the downside. If it continues higer, as I think it will, then your loss will dwindle and you could even end up with a small profit. A good stop on the long would be 1.6080.

Considering you currently have a stop on your short which is 60 pips away from the current price, the maths could work out in your favour with not much more risk of loss than you currently have. You'd have to look at your own figures and see what you think.

beijing road 13:34 GMT January 17, 2003 Reply   
Come on, baby JPY , thats your naked show tonight!

S.-Petersburg Russia Nikolai 13:33 GMT January 17, 2003 Reply   
Moskow KY, thank you.

nyc 13:32 GMT January 17, 2003 Reply   
DJ US Posts $40.10B Nov Trade Deficit; Consensus $37.0B

London AL 13:30 GMT January 17, 2003 Reply   
us trade -40.1 bn (exp was -36.4) -35.1bn prev revised to -35.2 bn

China BD 13:30 GMT January 17, 2003 Reply   
NYC ED- Hey, you around or down on the pound

China BD 13:30 GMT January 17, 2003 Reply   
NYC ED- Hey, you around or down on the pound

S.-Petersburg Russia Nikolai 13:26 GMT January 17, 2003 Reply   
MrHuckFin, thank you very much.

Minsk BE 13:26 GMT January 17, 2003 Reply   
Moskow KY// Could you enumerate brokers which accept credit cards to fund account, please.

beijing road 13:26 GMT January 17, 2003 Reply   
Tonight we will see usd/jpy dive 150pips in 15m ? It is just a wild guess, do not take it seriously.

S.-Petersburg Russia N 13:25 GMT January 17, 2003 Reply   
MOSKOW KY. Good day. Could You help me with depositing my account, when I will be in Moscow?

Milano Xav 13:24 GMT January 17, 2003 Reply   
Well my system is still long eurusd, and it's fine but on the other side I'm small short cable and i'm suffering.
keep the stop above 1.6240.

Seattle MrHuckFin 13:23 GMT January 17, 2003 Reply   
S.-Petersburg Russia Nikolai:Check out http://www.loyalbank.com I think they could help you out. Just a thought, I don't work for them.

Pecs Andras 13:22 GMT January 17, 2003 Reply   
Daniel
I understand your point. I placed a stop on my EUR long at 25. MArket may be jerky after the data release, but I am expecting the first piece of data, trade data, to be USD negative, so I think I will stay in. If get stopped out, I will reenter at 0600

London Mitch 13:21 GMT January 17, 2003 Reply   
Yep, I love it at the moment. Lot's of good action. Are you winning?

Milano Xav 13:20 GMT January 17, 2003 Reply   
Not so bad, interesting mkt isn'it ?

Sofia Red 13:20 GMT January 17, 2003 Reply   
re the MACD 1h EUR/USD divergence discussed brefore - I expect the MACD value reached at 1.053 to be exeeded to the upside but to be capped by the one at 1.05 on 12/31/02 . No idea how that translates to the price. Good Luck All

S.-Petersburg Russia Nikolai 13:20 GMT January 17, 2003 Reply   
Good day. Is there anybody from Saint-Petersburg, Russia?

London Mitch 13:19 GMT January 17, 2003 Reply   
ha, ha, ha, Hello Xav. I'm fine mate. How's things with you?

Milano Xav 13:18 GMT January 17, 2003 Reply   
Hihi Mitch, how r u

London Mitch 13:17 GMT January 17, 2003 Reply   
Athens, if you're still around.... reference my previous post to you. I made a big mistake. For some bizarre reason I was confusing you with Milan Xav. Sorry mate. Scratch that previous comment. gl & gt.

Manchester Daniel 13:16 GMT January 17, 2003 Reply   
Andras - I am flat now - even closed my $/YEN long at a 3 pip loss - just had doubts - and when in doubt, pull it out!!
Will wait for data now, but unless I see a quick opportunity to make some $$, would rather not open position this afternoon with US holiday on Monday - Big players will probably leave NY desks early today, ahead of the 3 day weekend, so could be thin trading conditions - always dangerous shark infested waters. GL GT

London Mitch 13:07 GMT January 17, 2003 Reply   
Hi again everyone. Here's a great place to cast your vote for where the Euro will be at year end. The more people that vote the more intersting the results will be. It's quick and interesting tool for us all. Here's the website to cast your vote:

http://utenti.lycos.it/igorwaltritsch/index.php

Pecs Andras 13:03 GMT January 17, 2003 Reply   
Daniel, are you flat now on tóboth EUR and cable?
My cable buy order was not filled by 2 pips overnight. What a shame, 2 pips for almost 100:-(

Manchester Daniel 12:59 GMT January 17, 2003 Reply   
Andras - personally I would play it safe - I too was long Euro, from 1.0622 and took quick profit at 1.0662 - I would take the profit BEFORE the data - if EURO goes up again, then just jump on board again - you might miss a few pips, sure, but at least you would have banked your profit. My view, fwiw.

Pecs Andras 12:52 GMT January 17, 2003 Reply   
Hi to everybody
Danielm are you around? What is your take on GBP and EUR over there in gloomy Manchaster?
I am long EUR from 0605. Wonder what to do before US data and Friday close...

S.-Petersburg Russia Nikolai 12:48 GMT January 17, 2003 Reply   
Thanks everybody.

Welkom Jw 12:40 GMT January 17, 2003 Reply   
Good day to the members of the forum

Gen dk 12:36 GMT January 17, 2003 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Moscow KY 12:34 GMT January 17, 2003 Reply   
Nikolai//Find a fellow trader in your city who already has an account and plans to withdraw some money, give him cash and he will transfer money to your account. Also I know some brokers accept credit cards to fund account, so go to any bank open a credit card and fund the account.

Moscow Anatoli 12:32 GMT January 17, 2003 Reply   
S.-Petersburg Nikolai 12:29 GMT January 17, 2003
this operation is legal... our government agrees.. :)

Rivonia PipPirate 12:31 GMT January 17, 2003 Reply   
London Mitch 12:28 Thanks very mitch.

Moscow Anatoli 12:31 GMT January 17, 2003 Reply   
S.-Petersburg Nikolai 12:29 GMT January 17, 2003
hi.. You could open account in Latvian banks.. since December or November 2002 You could open account in these banks... for example You could open account in PAREX bank...

S.-Petersburg Russia Nikolai 12:31 GMT January 17, 2003 Reply   
PEOPLE! HELP! Could somebody advise me how to deposite my account if banks in my country don't make this. PLEASE, HELP!s

S.-Petersburg Nikolai 12:30 GMT January 17, 2003 Reply   
ALEX. Spasibo.

OK Look 12:29 GMT January 17, 2003 Reply   
Privet rebjata. Kakoj resajete problem?

S.-Petersburg Nikolai 12:29 GMT January 17, 2003 Reply   
PEOPLE! HELP! Could somebody advise me how to deposite my account if banks in my country don't make this. PLEASE, HELP!

London Mitch 12:28 GMT January 17, 2003 Reply   
OK folks I'm gunna sign out now. Got a lot to do before the weekend. Good trades to you all.

Sofia Alex 12:27 GMT January 17, 2003 Reply   
S.-Petersburg Nikolai 12:22 GMT, K sazhalenia u menia net nikakih idei dlia eto.Ochen trudno skazat kak mozhno sdelat eto.Sorry mate

S.-Petersburg Nikolai 12:23 GMT January 17, 2003 Reply   
ALEX. Ne mogu pereslat dengi na svoi schot.

S.-Petersburg Nikolai 12:22 GMT January 17, 2003 Reply   
ALEX. Spasibo za otvet. Ishu sposob kak pereslat dengi v censored. Banki otkazivayutsa. :-(

London Mitch 12:21 GMT January 17, 2003 Reply   
Ga Lee 12:17 // Thanks

Sofia Alex 12:20 GMT January 17, 2003 Reply   
S.-Petersburg 12:16 GMT Shto u vas sluchilas tovarish?Kak mozhno pomozhit?

Ga Lee 12:17 GMT January 17, 2003 Reply   
jay@global-view.com

London Mitch 12:08 GMT January 17, 2003 Reply   
Manchester Daniel 11:51 // Sure mate, what's Jay's email address?

London Mitch 12:06 GMT January 17, 2003 Reply   
Manchester Daniel 11:41 // Hello again mate. Yes, it looks to me you are correct. I see a lot of air to the upside too. As I said earlier, I get a shorter term target is 1.6650 then I'll reasses from there.

LA SNP 11:56 GMT January 17, 2003 Reply   
Seattle MrHuckFin 22:16 GMT January 16, 2003
apologies for the late reply but i've been tinkering around too long w/my comp and finally got it right - except for one small nuance yet to be resolved ... so i might have to start from scratch yet again !

am still short on USDJPY since 118.00 ish (stop close to 119) - am sure it would be a lot lower than 117.75 compared to CHF/GBP/EUR crosses ... but i remember IFR and LA's ArtOfYen talking abt "impressive" Bids around the 117.50/80 levels so we might have to hold on longer than estimated

BTW heartiest congratulations on your GBPUSD long - in fact EURUSD looks top-heavy too ... already considering a short on EURUSD till 1.0580/90 since 1.0670 has failed once (SaR over 1.0680 to T/P @ 1.0730)

GL GT

London Mitch 11:54 GMT January 17, 2003 Reply   
London AL 11:36 // There's no real techno wizadry in my tool box. I just use trend lines and moving averages. At the later stages of a trend, the break is usually fairly obvious and that's when I get out.

To get in, I just look for a breakout of some kind. There's a bit of elliot thrown in now along the way, but that is more a confirming indicator. I like to keep things fairly simple.

Of course I always look at the bigger picture to get the overall feel of the market.

Manchester Daniel 11:51 GMT January 17, 2003 Reply   
London - Mitch: thanks for your reply. You are right to say my time frame is shorter - but would LOVE to learn what you do - ie, stay in a trade for longer periods - without any doubt the better way to trade - you are 100% correct!!

Please ask Jay for my email - would really enjoy perhaps getting together by phone - make lots of friends worldwide on this forum, but like the BT ads say, sometimes "its good to talk". Take care.

London Mitch 11:50 GMT January 17, 2003 Reply   
Kaunas DP 11:36 // No. I don't bother with options any more. I'm quite happy just playing with the futures. Also, I use a spread betting firm in London which means my profits are tax free - no so with options.

Calcutta Vikram 11:49 GMT January 17, 2003 Reply   
Sofia Alex...please e-mail me, I'll try to give you whatever I have. But must tell you I have only Monthly figures prior to 1996.

London Mitch 11:46 GMT January 17, 2003 Reply   
Manchester Daniel 11:27 // How you doin'? Been reading your posts over the last few days and I must say I like your style. I haven't been following the yen too closely but it tends to correlate fairly closely with my babies, the Euro and the Pound. I believe we're still in a very weak $ story which means your position is contrary to the major underlying trend. With that in mind I would regard it as rather risky.

Then again, I think you have a shorter time horizen than me and you may ride a retacement quite nicely. I target 300 pips plus on most of my moves.

Athens 11:43 GMT January 17, 2003 Reply   
Mitch, glad if I can serve as a consistent contrary indicator :-)

Sofia Alex 11:42 GMT January 17, 2003 Reply   
Calcutta Vikram 11:32 GMT , thank you mate I was curious if anyone here has any idea where the get data for that previous period.TIA

Manchester Daniel 11:41 GMT January 17, 2003 Reply   
London - MItch: Hi there - wet in London too? Pouring rain here in Manchester at the moment.

Your comments on this observation of GBP: I have a weekly pivot line off the 3 May 1996 low (1.4893) and the 15 July 1999 low (1.5485). We touched this line at the weekly high of the 3 Jan 2003 candle (1.6131) and the weekly high of the 10 Jan 2003 candle (1.6160). Assuming my line is drawn accurately (can you please confirm), I make it that we are currently just above the pivot line.

Assuming the line is broken, seems to me a lot of room on the upside - your views please. GL GT

London Mitch 11:40 GMT January 17, 2003 Reply   
Hey Athens, nice to see you to. No offence but I find you a great contrary indicator. Bull markets always climb a wall of worry - this is exactly what the Euro is doing now. The brave jump on board and clean up and the timid miss the ride.

IMHO this is not too late - this is just the beginning of another powerful thrust upwards. The trend IS your friend.

Of course my view may be wrong and I'm always open to critisism. All I can say is that it works for me. Good trades to you.

KI 11:37 GMT January 17, 2003 Reply   
Manchester Daniel the trend is your friend ?

London AL 11:36 GMT January 17, 2003 Reply   
London Mitch 11:30 trend stop. how 2 tell . in futures i use a close under the low of the high day as my quickest signal (and buy a close above the low day). does not always work but cos i await the close it saves getting out of an intra day down draft which snaps back. do u have anything that u can share

Kaunas DP 11:36 GMT January 17, 2003 Reply   
London Mitch
agree 100%
have u ever tried to trade cable options?

Sofia Alex 11:35 GMT January 17, 2003 Reply   
Athens 11:20 GMT January 17, Hello Athens, hope you are doing fine these days.

Athens 11:33 GMT January 17, 2003 Reply   
Kl and Vikram, thanks. I am not away from Forex but surely taking it easier now.

Calcutta Vikram 11:32 GMT January 17, 2003 Reply   
Sofia Alex 11:25 GMT January 17, 2003

Was in the region of 4.2987 in April 1971. Was FLAT before that, if I'm not mistaken.

Manchester Daniel 11:32 GMT January 17, 2003 Reply   
AUD/$ - currently am short from 5900 - allowing 20 pips stop on the upside (nearly hit this morning) - not really sure anymore on this one - comments/suggstions??

London Mitch 11:30 GMT January 17, 2003 Reply   
Kaunas DP 11:17 // Thanks mate. Glad to see you have a profit. One of the things that l learned it that it's important to hold onto winning trades. Most of us (me included - have to fight it) find it very difficult to hang on to winning position (yet many let losing trades run and run...). But I've also learned that this is the only real way to beat the market. That one long winning trade can pay for all those losing ones and then some!! Ride the trend until it stops. Good luck to you.

Calcutta Vikram 11:27 GMT January 17, 2003 Reply   
Athens! Welcome back!

Manchester Daniel 11:27 GMT January 17, 2003 Reply   
Good morning from a cold, wet and gloomy day in Manchester (Pecs Andras was right!!) - an observation of $/YEN:

based on 1 hour chart, a RES line from 10 Jan 12am high 120.03, was broken on 16 Jan 7pm candle at 117.87.

This mornings price action has seen a retracement back to this line (quite common), and in fact, broke thru the line again.
The downmove was stopped by another trendline off the 117.55 and 117.62 lows (minor violation).

Price action has managed to creep above the RES line again.
In this regard I am LONG $/YEN from 117.70 with a stop loss at117.45 (a few pips under previous low). Above 118.20, I would add to the position with a current target of 118.90.

Comments as always welcomed

London Mitch 11:25 GMT January 17, 2003 Reply   
Seattle MrHuckFin 11:14 // Hi there. Yes, I tend to agree with your long term view as well. Working out the short term exactly now, I see as high as 1.6650 as the target for this move - provided the close today is above 1.6125 as I said in my previous post.

Sofia Alex 11:25 GMT January 17, 2003 Reply   
Hello everyone.Please if anyone has history on $CHF before 1973 please let me know .Thank you in advance guys.Good luck to all of you.

Kl 11:21 GMT January 17, 2003 Reply   
Nice to see you agatn Athens always welcome

Athens 11:20 GMT January 17, 2003 Reply   
EUR/$ -- There often is a climax during the late stages of a sub-trend (my time parameter today 94+) and it looks like we are looking at such overshootings, which also
are the result of the contis' divergence on the model. The medium term EUR/$ target zone 1.08-09, which I had expected to see much later this year, are not too far off
now, however this already fairly old USD downleg shouldn't have much more steam in it (well, externalities like Iraq always spoil techs). Although a sell EUR/$ signal hasn't
been given yet, a failure to get above 1.0680-85 today would be a good indication of the EUR letting some steam off. There is a very high probability in my opinion to see at
least a deep retracement early next week (if not something bigger than just a short term correction). The critical level today 1.0530) looks a bit too low at the moment,
but, as it is rising fast on a daily basis, a violation next week in the high 1.05's (or even low 1.06's (if later in the week) could be the trigger. Till then trade very carefully and
remember: the trend may be a friend but a delayed entry may also be a disaster. Good luck.

Calcutta Vikram 11:18 GMT January 17, 2003 Reply   
Beijing Road....don't follow GBP/JPY. On USD/CHF, might remain bearish while below 1.3760. Might target 1.36. BUT, would not want to take fresh Shorts. Would be content to protect existing Shorts, if any. Cheers

Kaunas DP 11:17 GMT January 17, 2003 Reply   
London Mitch 11:04 GMT
gm mate,
before going to bed at 3am wasnt too much excited with my cable 1,6106 long, but now its diff story...took profits slightly too early, however, consider to reload at 1,6136 or stay flat till next week (slightly nervous before Jan 24 data even right now it doesnt count against the Iraq
GL and GT

London Mitch 11:16 GMT January 17, 2003 Reply   
Helsinki iw 11:08 // Good morning mate, how are you? Reading down a little I see you've jumped on the lovely euro lolly train. I see the first upside target as 1.0750 before having to think about any pullback to speak of. Will re-assess when it gets there.

As for Cable, if she closes today above 1.6125 (which seems highly probable) then I see her easily going to 1.65 over the next week or two. Given her historical level of volatility it could be sooner than later. Good trades to you.

London AL 11:14 GMT January 17, 2003 Reply   
Budapest, Jan. 17 (Bloomberg) -- The Hungarian forint fell 8.1% from yesterday's record after the central bank cut rates...
..."The bank is trying to filter out the effect of the closing
of speculative positions,'' said Gyorgy Barcza, an economist at
ING Baring in Budapest."It will wait a while to see what the
level is at which it should raise the rate.''...
...The forint is allowed to rise or fall 15 percent from a fixed
rate of 276.1 to the euro...

Seattle MrHuckFin 11:14 GMT January 17, 2003 Reply   
London Mitch:I agree with you on both fronts (I guess that's a little over obvious at this point) but I wonted your opinion on how far you think the GBP/USD can go? I've been saying for months now that we could see as high as 1.6800 or even 1.7400 by mid year but I seem to be the only one who thinks that, I don't believe it will do it all at once mind you but be for all is said and done it should get there. What's your take? Thanks.;-)

Chicago 11:12 GMT January 17, 2003 Reply   
Hello , I''ve been following this forum for about six months. I just wanted to let people know how good melbourne farmacias post are.


melbourne farmacia 02:56 GMT January 17, 2003
GBP/USD - Daily fibo cycle as of 02:00GMT till NY close from my system for range plays. Currently 1.6090 - Cable above 1.6080 targets 1.6148 and (1.6198 next week ). Below 1.6080 targets 1.6048/06. Strong fibo support from 1.5866 - 1.6007.
Long from 1.6085 S/R 1.6077 for 48/06. S/R for long. ps cable is a tech dream.

beijing road 11:09 GMT January 17, 2003 Reply   
to Vikram : whats your view on usd/chf and GBP/JPY pls?

Helsinki iw 11:08 GMT January 17, 2003 Reply   
Morning Mitch, nice call on EUR/USD and Cable yesterday.

beijing road 11:05 GMT January 17, 2003 Reply   
Cad: great call on cad. 1.53 just gave away!

London Mitch 11:04 GMT January 17, 2003 Reply   
GOOD MORNING VIET-NAAAAAMM! Sorry folks, just allowing myself to get a little over excited for 5 mins. Just woke up after a late night and I wanna thank all the lovely people out there who have been shorting Her Majesty and the mighty Euro ;-)).

Seriously, I hope it's not hurting my friends on the forum too much though. If you're not on board yet, it's time to get on for one wild ride!! Go baby Go!!

Indonesia solo Raden Mas 11:03 GMT January 17, 2003 Reply   
Friends... I think next target is still on the way
Eur/USD is at 1.0730 - 1.0740
GBP/USD next target is at 1.6190 - 1.6200
USD/JPY next target is at 116.25 - 116.45
USD/CHF next target is at 1.3600 - 1.3610 or 1.3495 - 1.3507
AUD/USD next target is at 0.5930 - 0.5940
Gold still on the way for 361.70 target

Friends... be carefull all this targets very potensial for pullback.
Sorry... I must go home and I hope you get profit today and I hope you don't forget with poor family arround you !! and sure God will smile especially for you. Godbless you and bye.......



Bne Cad 10:57 GMT January 17, 2003 Reply   
CAD still on target for 1.5250 still long euro from 1.0550 and holding for 1.08 Aud target .60 too easy. u know this really works for me, the less i trade the more money i make. c u all next week. :>

Calcutta Vikram 10:57 GMT January 17, 2003 Reply   
AB....thanks.
1.0756 might be a very good level to sell Euro for a 200-300 point, maybe even 300-point fall. Remember Madras KR (I think) mentioning the 1.0650-1.0750 region as one to start the selloff. Cheers

beijing road 10:53 GMT January 17, 2003 Reply   
to Hongkong AB: but 1.08 is very reasonable target.

stockholm ZA 10:50 GMT January 17, 2003 Reply   


Hi.
Hope every one is haveing fun today :: $$$$$$ :::> Happy trades

Hong Kong AB 10:49 GMT January 17, 2003 Reply   
Vikram// FWIW, I remembered bc mentioned 1.08 as the worrying level to ECB before. Now, there are many talks of joint intervention in other forums. Let's see.

Hong Kong AB 10:41 GMT January 17, 2003 Reply   
a yen show on tonight is no doubt.

Helsinki iw 10:36 GMT January 17, 2003 Reply   
FWIW/ Bought some EUR/USD at 1,0654, think I was wrong
before in looking for a top immediatly above 1,0600. This still
looks bid to me and can accelerate for an exhaustive move.
USD/CHF and USD/JPY both look weak as well, we will probably
see some CHF buying ahead of the weekend, barring any sur-
prise from politicos. Expect New York to test reported bids
in USD/JPY. All IMHO

San Juan Lil 10:35 GMT January 17, 2003 Reply   
Hello everyone. Mr. Raden, with the euro having met your target, do you still expect CHF to go down to 1.3600/10? Thanks in advance. (My stop loss is at 1.3671!!)

Calcutta Vikram 10:34 GMT January 17, 2003 Reply   
Hong Kong AB 10:16 GMT January 17, 2003

Mucho Gracias

melb th 10:32 GMT January 17, 2003 Reply   
Has any one looked at AUDNZD chart? AUD has lost a fair bit of groundwhilst it has been capped in last couple of days.

Houston MB 10:32 GMT January 17, 2003 Reply   
Vienna we 10:21 GMT January 17, 2003

"Houston MB
thank you!"

Don't thank me; thank the one that made the call, Raden. I just compiled his data.

Calcutta Vikram 10:30 GMT January 17, 2003 Reply   
Beijing Road....while $-Yen remains below 118.15 (21-SMA on 4-hour), hopefully it will target the 200-week MA at 117.17 we were discussing yesterday.

As regards, which MAs I use, I've been toying with the 8-13-21 SMA since yesterday. Pretty good so far. As to WHY this combination, here's the LINK

Berkeley AG 10:29 GMT January 17, 2003 Reply   
Indonesia, whats your advice on my Yen position I bought at 118.00 awhile ago. Should I keep holding it long? My limit is 119.00 area. Do you think my limit is too high?

I wish I was on the forum to see your posts so I could have made my leverages higher. Congratulations once again on the incredible accuracy of your calls!

NY PL 10:27 GMT January 17, 2003 Reply   
Solo, My friend. Your system still give uptrend target for euro. Thank you.

nc 10:27 GMT January 17, 2003 Reply   
NZD/USD will perform well in 2003, likely trading at 0.5500-0.5600 by midyear, but may underperform AUD/USD, says HSBC's Grant Fitzner. If low liquidity means short-notice profit-taking not possible, holding Kiwi at those levels may not be so attractive; and tips RBA to tighten in 3Q, reducing NZ cash rate advantage over Australia. "We expect some profit-taking coupled with switching into the Australian currency."
RBNZ will cut interest rates 25 bps at September policy statement and another 25 bps in December, taking cash rate to 5.25% by year-end, says UBS Warburg Chief Economist Robin Clements; "the economy cooling down and inflationary pressures subsiding would be the primary thing," he tells Dow Jones; stronger NZD a factor, "though it's a bigger picture than just that."
Dow Jones.

Vienna we 10:21 GMT January 17, 2003 Reply   

Houston MB
thank you!

Houston MB 10:20 GMT January 17, 2003 Reply   
Vienna we 10:10 GMT January 17, 2003

Indonesia Solo Raden Mas 08:26 GMT January 17, 2003
GBP/USD still on the way for 1.6135 - 1.6145. Be careful about pullback from this area.thanks

Indonesia Solo Raden Mas 08:22 GMT January 17, 2003
Beijing hoho
AUD/USD give buy signal and start for move up to get 0.5935-05945. Be carefull this area give potensial for pullback again. thanks

Indonesia Solo Raden Mas 08:17 GMT January 17, 2003
USD/JPY short term will get 117.46 - 117.56.this area potensial for pullback.thanks

Indonesia solo Raden Mas 09:23 GMT January 17, 2003
Friends I have scenario about gold. Gold still on the way to get target at 361.70 and reversal very potensial from here.thanks

Indonesia Solo Raden Mas 08:04 GMT January 17, 2003
Friends.. for near term Eur/USD will get 1.0669 - 1.0679. This area potensial give pullback.thanks

swk s 10:19 GMT January 17, 2003 Reply   
sorry Vikram

Vienna we 10:18 GMT January 17, 2003 Reply   

Calcutta Vikram
which MA's do you use? sma or ema or wma or a combination of them. In wich time freame? And with which parameters?
TIA

swk s 10:18 GMT January 17, 2003 Reply   
Vikring will you give example of what mva's you are using please?

beijing road 10:18 GMT January 17, 2003 Reply   
PS: After usd/chf 1.3770 has been broken, whats the next target pls? I see 1.34-1.35 in short time, the long time target maybe is 1.27 after 1.4350 gave away.

Toronto BA 10:17 GMT January 17, 2003 Reply   

I have been playing against the trend , and losing!-
Trying to short the pullbacks-

Berkeley AG 10:17 GMT January 17, 2003 Reply   
What a market. I liquidated all my profits. About censored time her majesty and the Euro appreciated.

I don't know about you guys, but my charts are calling for a pullback of 40 pips. So im shorting GBP/USD from 1.6180. T/P at 1.6140. S/L and at 1.6195.(thinking about placing a buy order there)

Milano Xav 10:17 GMT January 17, 2003 Reply   
Oscillator can be used to find divergence with prices that could indicate timo of reversal.
There isn't any divergence for the mom in eurusd and usdjpy.
imvho.

Hong Kong AB 10:16 GMT January 17, 2003 Reply   
Vikram// second your thoughts.

SFO al 10:14 GMT January 17, 2003 Reply   
I know is not popular today but I am long USD/CHF @ 1.3685 T/P and S/L +100/-50 pips. GL!

beijing road 10:14 GMT January 17, 2003 Reply   
Vikram£ºDo you think one more strike on usd/jpy tonight? I am waiting to buy jpy at 117.40. Whats view pls?

Calcutta Vikram 10:11 GMT January 17, 2003 Reply   
FWIW.....RSI (in particular) and all Oscillators (in general) are to be ignored in a strongly trending market. Choose your favourite set of Moving Averages and go by them.

When MAs kiss and move apart again without staging a crossover, it is a powerful indicator of trend continuation. Cheers.

Vienna we 10:10 GMT January 17, 2003 Reply   
Houston MB
what are his target levels? can't find his posting (wow, much talk in here ;-)

Houston MB 10:08 GMT January 17, 2003 Reply   
Vienna we 10:01 GMT

Yes the RSI is turning to confirm Radens earlier pull back possibility at his target levels.

Gen dk 10:07 GMT January 17, 2003 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Gen dk 10:03 GMT January 17, 2003 Reply   
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Stockholm ZA 10:01 GMT January 17, 2003 Reply   
HELLO-HELLO :::::> Back in ACTION::::::::::::::> ??

Vienna we 10:01 GMT January 17, 2003 Reply   

look at the RSI of EUR/USD - it's weakening!

London hf 09:58 GMT January 17, 2003 Reply   
test test

HK 09:57 GMT January 17, 2003 Reply   
Indonesia Advises Citizens To Avoid Traveling To US

Stockholm ZA 09:55 GMT January 17, 2003 Reply   
TEST ::> 1 2

Stockholm ZA 09:54 GMT January 17, 2003 Reply   
HELO, Helo :::> Back in ACTION ::::::::> ????

UK J.B. 09:54 GMT January 17, 2003 Reply   
To answer your question i look for quality not quantity. Everyone has their own way of trading. This way suits me , my returns tell me that.

GVI john 09:48 GMT January 17, 2003 Reply   
Sorry we have been struggling with a server issue. it appears to be back running now

Indonesia soloniko 09:47 GMT January 17, 2003 Reply   
thanks

brisbane 09:47 GMT January 17, 2003 Reply   
Indonesia solo Raden Mas agree, lost many good position on aud waiting for a correction below 56 (doh)

Houston MB 09:46 GMT January 17, 2003 Reply   
Indonesia solo Raden Mas 09:42 GMT

Agreed it seemed earlier you were urging caution at the target levels you posted for a possible pull back. I didn't see signs of a pull back in the charts and they are all about at your target levels. I think we maybe on a breakout of the range trading currently, just wanted to confirm your thoughts on the matter.

UK J.B. 09:46 GMT January 17, 2003 Reply   
Markets starting to look interesting now. My last postings 10/1/03 short dolls/sfr @ 1.3890 looking to bring a trailing stop/profit level into play today. Long stg/yen posting 14/01/03 with a 189 handle like this trade but have to be patient. At some point would like to pick up A$/YEN need to research further to determine entry levels. Hope we are all surviving. Be lucky.

Vienna we 09:46 GMT January 17, 2003 Reply   
Hello everybody!

I think EUR/USD is now going back to 1,0630 and then 1,0585. I'm short since 1,0664

Indonesia solo Raden Mas 09:42 GMT January 17, 2003 Reply   
Houston MB.. please don't think about corection (very potensial loss money if we follow corection move).Better follow the trend.Thanks

saloniko 2003 nk 1.18 09:41 GMT January 17, 2003 Reply   
My opinion is
............ dont count so much on a pullback USD/J..

nk

Nairobi Tn 09:39 GMT January 17, 2003 Reply   
Indonesia solo Raden Mas 09:36
Hi frd. Wot correction is expected for EUR/USD. Thinking of going long at 1.0665, targeting 1.0700.

RSA abk 09:38 GMT January 17, 2003 Reply   
Raden, thank you mate, great calls again, hats of to you!

Indonesia solo Raden Mas 09:36 GMT January 17, 2003 Reply   
Next bottom scenario from me for USD/CHF is 1.3600 - 1.3610 area. And price still on the way for that area.

Houston MB 09:34 GMT January 17, 2003 Reply   
Great calls Raden. How deep of a correction are you looking for after the targets are hit? Seems across the board you are expecting corrections. Currently I see it continuing for some more past your targets.

Thx

Hong Kong AB 09:33 GMT January 17, 2003 Reply   
The eur/gbp capped under .6600.....

Hong Kong AB 09:32 GMT January 17, 2003 Reply   
aud .5920, can it go?

Indonesia solo Raden Mas 09:32 GMT January 17, 2003 Reply   
Have a nice for you friends... for USD/JPY target "had done".

Aussie RHV 09:28 GMT January 17, 2003 Reply   
Now look for 100 pips down in all majors

Beijing hoho 09:28 GMT January 17, 2003 Reply   
Indonesia solo Raden Mas:

Very nice call! Thanks! I have e-mail to Jay and hope he can give me your e-mail address very soon.

London 09:28 GMT January 17, 2003 Reply   
ADELAIDE, Australia (Dow Jones)--Australia's biggest wine producer BRL Hardy Ltd. (A.BRL) is set to be swallowed by U.S. alcohol group Constellation Brands Inc. (STZ) following a friendly A$1.9 billion takeover bid Friday, which will create the world's biggest wine company
"We don't expect any other bidders to come in at that (A$10.50 a share) price," Sands told analysts and reporters during a teleconference call from Adelaide.

Hong Kong AB 09:25 GMT January 17, 2003 Reply   
oops... typo .5950 first.

Indonesia solo Raden Mas 09:25 GMT January 17, 2003 Reply   
Have a nice for you friends... sure for USD/CHF and Eur/USD target. thanks

syd 09:24 GMT January 17, 2003 Reply   
Second option gone on AUD now 5910

Indonesia solo Raden Mas 09:23 GMT January 17, 2003 Reply   
Friends I have scenario about gold. Gold still on the way to get target at 361.70 and reversal very potensial from here.thanks

saloniko 2003 nk 1.18 09:21 GMT January 17, 2003 Reply   
Euro/usd..

Last ring bell for the Euro train to 1.0888 i think..

Have a nice day!

nk

melbourne ad 09:16 GMT January 17, 2003 Reply   
up 358 ish on war news. I agree with your position on spikes signalling reversal and do not see it in the currencys. Whereas the gold daily chart looks to be getting toppy. aimho.

PMB Deeee 09:15 GMT January 17, 2003 Reply   
Hong Kong AB 09:06 GMT January 17, 2003
Now second run for aud .5850.

Is that down to 5850 or 5950?????
Thanks

syd 09:13 GMT January 17, 2003 Reply   
Hong Kong AB $358

Hong Kong AB 09:13 GMT January 17, 2003 Reply   
ad, where is gold now? tia.

melbourne ad 09:11 GMT January 17, 2003 Reply   
Hong Kong AB : Gold has spikes however the EUR/AUD/NZD V USD does not. imho.

beijing road 09:07 GMT January 17, 2003 Reply   
Gap in USD/JPY 30minutes chart.

Hong Kong AB 09:06 GMT January 17, 2003 Reply   
Now second run for aud .5850.

Iraq 09:05 GMT January 17, 2003 Reply   
Saddam: Iraq "Mobilised" to Fight US Aggression

Indonesia solo Raden Mas 09:04 GMT January 17, 2003 Reply   
Ny Morwen...
GBP/USD now give buy signal again for next target at 1.6200. thanks

sydney 09:01 GMT January 17, 2003 Reply   
Hong Kong AB think this was under different circumstances

Iraq 09:00 GMT January 17, 2003 Reply   
Iraq's warheads and U.S. trade numbers pave way for EUR to gain even more. $1.07 now likely to be reached sooner than market expected. reuters

Den Bosch 08:59 GMT January 17, 2003 Reply   
News from yesterday and today is not enough to get out of rangetrading in eur/usd and usd/chf. I have target eur/usd of 1.0655 and usd/chf 1.37 will then close positions and reverse. Anybody expects some market moving news today?

Hong Kong AB 08:59 GMT January 17, 2003 Reply   
Usually, a medium term reversal is signaled by exhaustive spike. I would like to ask does anyone see pairs don't have these reversal spikes buy/sell? Like last run of nzd was signaled by a spike to .5020 (above .5000) followed by avalanche later.

Tokyo Jon 08:57 GMT January 17, 2003 Reply   
hello all,
EURUSD expected range and support/resistance for trailing euro and beginning US sessions is as follows, Low 1.0600 - High 1.0650
1.0678 - 1.0650 - 1.0629 - 1.0600
I am indicating a slight buying interest, but overall not a great range expected

Indonesia solo Raden Mas 08:57 GMT January 17, 2003 Reply   
Sorry friends about mistake of typing at 08.11 GMT not USD/USD but USD/CHF. thanks

singapore J. 08:56 GMT January 17, 2003 Reply   
LA Goldenpants perhaps she wants your goldenpants

LA Goldenpants 08:54 GMT January 17, 2003 Reply   
You mates remember things like KOs etc protecting levels, so like Raden dude say aussie at 0.5950, buy on pullback mate so ya donot get burned mate. Anyway mrs goldenpants keeps calling me Roger, I go and see what she wants roger maybe.

saloniko 2003 nk 1.18 08:48 GMT January 17, 2003 Reply   
Good Morning..

nk

Aussie RHV 08:35 GMT January 17, 2003 Reply   
At present speed of dollar devaluation it seems that soon a roll of toilet paper will be worth more then a bundle of green notes with godblessamerica printed on it.

NY Morwen 08:31 GMT January 17, 2003 Reply   
LA Goldenpants
You`re right but i already bought in 1.0610
Thanks

Jerusalem Serge 08:28 GMT January 17, 2003 Reply   
censored reported Paris banks selling EurUsd @ 1.0630

Indonesia Solo Raden Mas 08:26 GMT January 17, 2003 Reply   
GBP/USD still on the way for 1.6135 - 1.6145. Be careful about pullback from this area.thanks

Helsinki iw 08:24 GMT January 17, 2003 Reply   
Suspect BdF at 1,0630 through Paris banks. Can anyone con-
firm that?

LA Goldenpants 08:23 GMT January 17, 2003 Reply   
NY Morwen ya ever heard of resistance levels mate, Raden got a target, so buy on break of resitance mate donot jump to early like my mrs goldenpants.

Indonesia Solo Raden Mas 08:22 GMT January 17, 2003 Reply   
Beijing hoho
AUD/USD give buy signal and start for move up to get 0.5935-05945. Be carefull this area give potensial for pullback again. thanks.

NY Morwen 08:21 GMT January 17, 2003 Reply   
Indonesia Solo
Thanks friend.

Indonesia Solo Raden Mas 08:17 GMT January 17, 2003 Reply   
USD/JPY short term will get 117.46 - 117.56.this area potensial for pullback.thanks

brisbane Rob 08:15 GMT January 17, 2003 Reply   
usd/ZAR looks ready to dive ..... any similar views?

Indonesia Solo Raden Mas 08:14 GMT January 17, 2003 Reply   
Ny Morwen,..
sure yes, and let's prove it and if change signal sure I inform you about that.

Indonesia Solo Raden Mas 08:11 GMT January 17, 2003 Reply   
For near term USD/USD very easy down to 1.3674 - 1.3684. This area give potensial pullback and now my system give start for sell signal .thanks

NY Morwen 08:09 GMT January 17, 2003 Reply   
Indonesia Solo Raden Mas 08:04
Do you think it can happen today?
Thanks
Gl and Gt

Indonesia Solo Raden Mas 08:04 GMT January 17, 2003 Reply   
Friends.. for near term Eur/USD will get 1.0669 - 1.0679. This area potensial give pullback.thanks

Indonesia Solo Raden Mas 08:01 GMT January 17, 2003 Reply   
NY Morwen,
Hello my friend... don't think about :-)))))))000000 (it's not help you for your trades.

Nairobi Tn 07:59 GMT January 17, 2003 Reply   
Kenya Joe
Hey Frd. Glad to see am not alone from Kenya! Uko wapi?

Indonesia Solo Raden Mas 07:58 GMT January 17, 2003 Reply   
Sorry friends.. yesterday price changed direction, but I was not here yesterday. I should give change view if I am here. Thanks and let's good trades for today and sure for next time.

NY Morwen 07:56 GMT January 17, 2003 Reply   
Hi to all
Can anyone explain to me what means; :-)))))0000000000
please, thanks

los angeles dat 07:55 GMT January 17, 2003 Reply   
looks like saddam might be going on a vacation...



GLOBAL MARKETS-Oil falls on Saddam exile talk, tech stocks weak   


Taipei Lee 07:54 GMT January 17, 2003 Reply   
Indonesia Solo Raden Mas
Good Afternoon. Inshallah.

Beijing hoho 07:53 GMT January 17, 2003 Reply   
Indonesia Solo Raden Mas:

Good afternoon, AUD reached your target, and seems still some rooms up.

LA 07:50 GMT January 17, 2003 Reply   
Indonesia Solo Raden Mas your 59 achieved :-)))))0000000000

Indonesia Solo Raden Mas 07:49 GMT January 17, 2003 Reply   
Good afternoon my friends..

LA Goldenpants 07:24 GMT January 17, 2003 Reply   
Golden Pants thinks making home movies with mrs golden pants more interesting at the moment.

Dubai DTD 07:17 GMT January 17, 2003 Reply   
Good day friends

Berkeley AG 07:13 GMT January 17, 2003 Reply   
I would like to think so hong kong. However, I am a little bit hesitant about that since the dollar has been hanging in there for awhile now...

New Yorky 07:10 GMT January 17, 2003 Reply   
Recent USD woes hard to swallow, according to The Economist's purchasing power parity Big Mac index, which shows EUR now 8% overvalued against greenback; index, which compares actual exchange rate with rate that would leave hamburgers costing the same in U.S. as elsewhere, shows AUD 34% undervalued vs dollar, while GBP 21% overvalued
Dow.

Hong Kong AB 07:08 GMT January 17, 2003 Reply   
Uncle Sadam has held the neck in fx. If he surrenders, it will be a very very drastic move in the chess game. Will he?

NIcosia SY 07:03 GMT January 17, 2003 Reply   
Edi Geo 06:44 GMT// Tnks a lot frd.

Berkeley AG 06:47 GMT January 17, 2003 Reply   
Bought more Eur/usd and gbp/usd earlier. Lost my nerve and decided to close the position with a modest profit. Technicals call for a short term range trading. But, you never know what happens in that crazy london shift.

Edi Geo 06:44 GMT January 17, 2003 Reply   
1.3865 i have

NIcosia SY 06:42 GMT January 17, 2003 Reply   
Around 16.20 GMt frds? high USDCHF?

NIcosia SY 06:41 GMT January 17, 2003 Reply   
can i have yesterday's high in USDCHF pls ?

Hk Newbie 06:35 GMT January 17, 2003 Reply   
ANyone here knows online borker that give tigh spread than deal4free?

Hk Newbie 06:31 GMT January 17, 2003 Reply   
did it ever reached 118.20 yesterday?
I had short order but it didn't execute

hk ab 06:26 GMT January 17, 2003 Reply   
Deano, yes, aud/jpy not aud/usd.

Melb RS 06:16 GMT January 17, 2003 Reply   
Cheers Deanobravo - likewise mate

Melb RS 06:15 GMT January 17, 2003 Reply   
Singapore Sfx 05:58: I believe so mate.

OZ deanobravo 06:12 GMT January 17, 2003 Reply   
hk ab 05:37 GMT don't see the triple top in daily in aud/usd ....if you are talking aussie/usd then shud be clear sky to 0.5920 ish then 0.6050...or do you mean ozyen?

hk ab 05:59 GMT January 17, 2003 Reply   
thanks tf.

Singapore Sfx 05:58 GMT January 17, 2003 Reply   
RS .. 05 the mis-hit mate ?

OZ deanobravo 05:54 GMT January 17, 2003 Reply   
Melb RS 05:53 GMT dito mate....have gd w/e

Melb RS 05:54 GMT January 17, 2003 Reply   
HK - the high was 02 bid.

Melb RS 05:53 GMT January 17, 2003 Reply   
sarasota jf: USDJPY been bid all day in asia, much like yesty - ... in last 30 mins as Europe have started to arrive whole feel for USD has turned offered again. Apart from model guys buying few above 10 earlier, all I have seen are sellers , the nature of which are very similar to yesterday. Keep an eye on break of 118.30-40 topside now. Downside market talking solid demand 117.50-65, with large stops beneath.
GL, beer o'clock.

HK 05:51 GMT January 17, 2003 Reply   
Dont think option taken out just yet on Aud 59 any views

sarasota jf 05:48 GMT January 17, 2003 Reply   
hk ab 05:43 GMT January 17, 2003
no sorry i dont have a view - my comment was basically saying these guys (aus importers) are quite smart about there business - im sq fx today just short stocks - im tired of fx been in eur gbp gbpyen and euryen all week so decide to sq up and take a break.. esp since stocks look like willbe more active from us session later....and think that is quite easy at momo . gl to u

beijing road 05:46 GMT January 17, 2003 Reply   
GBP/JPY and EUR/JPY 190.50 /125.50 are very tough resistance?

hk ab 05:46 GMT January 17, 2003 Reply   
jf, I think it's now in progress.

hk ab 05:43 GMT January 17, 2003 Reply   
jf, r u betting this aud/jpy back then? near term? May I ask?

Kenya Joe 05:42 GMT January 17, 2003 Reply   
bham gm, still see your tgt at 118.35 usd/jpy for now?
too much hard to get higher for now... still waiting?
I`ll apreciate very much your view
TIA

hk ab 05:37 GMT January 17, 2003 Reply   
thanks Deano,
r u still crossing the finger or in any position of this pair? I see a triple top in daily.

London 05:36 GMT January 17, 2003 Reply   
NZD-USD tech: Seen pressing as high as 0.5530 Friday
S&P

sarasota jf 05:31 GMT January 17, 2003 Reply   
mlb rs - what u think for london/ny ?

Ldn 05:30 GMT January 17, 2003 Reply   
MARKET TALK: EUR/USD Targets 1.0740 In Short Term

sarasota jf 05:29 GMT January 17, 2003 Reply   
OZ deanobravo 05:00 GMT January 17, 2003
I used to have one of those aus jap importers deal with me. every time he was about spot on with his level - and I knew he wasnt a technical guru - finally i said to him whats your secret... he says what i do is call every bank we deal with ask them what they think the high will be ... add them up divide and bang i have my level .... hahahhahah it still cracks me up thinking about it..... but effective

OZ deanobravo 05:00 GMT January 17, 2003 Reply   
Hong Kong AB 04:51 near term yeah I think probable, but I also think there will be large interest there from Jap name aussie importers...as they always leave orders bang on the level....

cheers RS too, glad its finally got thru eh?

k 05:00 GMT January 17, 2003 Reply   
test

Melb RS 04:54 GMT January 17, 2003 Reply   
Japs want AUD here. Model accounts looking for offers USDJPY fwiw.

Hong Kong AB 04:51 GMT January 17, 2003 Reply   
Deano// do you see aud/jpy heading above 70?

Kenya Joe 04:44 GMT January 17, 2003 Reply   
bham gm.
Thanks for your view.
For now we have to wait.

TIA

Crooklyn Dr Unken Kat 04:43 GMT January 17, 2003 Reply   
I'm from....

BROOKLYN AV 04:29 GMT January 17, 2003 Reply   
USD/JPY TARGET 119.40

BROOKLYN AV 04:21 GMT January 17, 2003 Reply   
GBP/JPY TARGET 188.00

BROOKLYN AV 04:19 GMT January 17, 2003 Reply   
ANY BODY FROM BRKLN?

bham gm 04:18 GMT January 17, 2003 Reply   
kenya, joe, a move above 11835 would probably lead to just above 119. i'll watch it and move my stop closer if it contiinues to rise.

OZ deanobravo 04:06 GMT January 17, 2003 Reply   
Melb RS 03:42 GMT thats pretty much the amount I heard

Kenya Joe 03:59 GMT January 17, 2003 Reply   
bham bm
What is your target with your long usdjpy position?
I have placed a long position too in 118.00.
TIA

bham gm 03:54 GMT January 17, 2003 Reply   
toronto raptor i've gone long the dollar yen 4 times in the last two weeks. so far two wins and one breakeven. this trade also will at least be a breakeven because i'm placing stop to make it so.

i got long again tonight because today the yen tried to take out the low made the 14th and failed. i decided there was a fair chance the 14th low would hold and decided to risk 30 pips. also there has been a negative divergence in the rsi. with the rsi being in an uptrend even though the 14th marked a new low for the move. also the sentiment seems to be very bearish dollar yen with most expecting a move to the 115 - 116 level.

there is also the possibility of intervention which would help the position.

Melb RS 03:42 GMT January 17, 2003 Reply   
he's finished his interest deanobravo....reckon was only 150

NYC YIPPEE 03:36 GMT January 17, 2003 Reply   
;-p

OZ deanobravo 03:35 GMT January 17, 2003 Reply   
NYC YIPPEE 03:17 GMT sorry mate, did'nt mean you specifically I just meant YIPPEE

Toronto Raptor 03:28 GMT January 17, 2003 Reply   
bham gm - I agree with the long but what made you take it at 117.77? Just curious. It took me a little longer than you. TIA!

bham gm 03:17 GMT January 17, 2003 Reply   
went long the dollar yen again at 11777, with a stop below 11750.

NYC YIPPEE 03:17 GMT January 17, 2003 Reply   
Thanks mate.

OZ deanobravo 03:14 GMT January 17, 2003 Reply   
yippee...looks like we finally smashed that 69.50 oz yen order

beijing road 03:05 GMT January 17, 2003 Reply   
To revdax: If looking at the EUR/JPY and GBP/JPY, maybe it is not far for usd/jpy to reverse.Lets wait and see.Now I long the jpy cross.

beijing road 02:58 GMT January 17, 2003 Reply   
PS£º For me, if usd can close above 118.30 then 119, it is the first
reversal signal.For now, I think long usd is against the major trend, so tight stop is the best way to protect your position.

melbourne farmacia 02:56 GMT January 17, 2003 Reply   
GBP/USD - Daily fibo cycle as of 02:00GMT till NY close from my system for range plays. Currently 1.6090 - Cable above 1.6080 targets 1.6148 and (1.6198 next week ). Below 1.6080 targets 1.6048/06. Strong fibo support from 1.5866 - 1.6007.
Long from 1.6085 S/R 1.6077 for 48/06. S/R for long. ps cable is a tech dream.

hk revdax 02:56 GMT January 17, 2003 Reply   
beijing road//I am spotting one with my own eyes...

beijing road 02:51 GMT January 17, 2003 Reply   
Joe: Looking at usd/jpy daily and weekly chart, there is no reversal signal yet, so maybe it is not the right time to long usd against jpy.

hk revdax 02:46 GMT January 17, 2003 Reply   
Kenya Joe//I share your view about being long $/JY.

Kenya Joe 02:39 GMT January 17, 2003 Reply   
Beijing Road, hi, are you wating a fall in usdjpy?
I have post a long usd/jpy at 118.00, but for now very hard to be the other side.
Can you share your view please.
TIA

Spr NoodyG 02:31 GMT January 17, 2003 Reply   
Thanks TGIF
have a wonderful weekend

beijing road 02:31 GMT January 17, 2003 Reply   
BOJ must have worked very hard these days. Wish to see below 117 tonight!

Toronto YV 02:29 GMT January 17, 2003 Reply   

Melb RS 02:24 GMT January 17, 2003 Reply   
so I believe

Spr NoodyG 02:17 GMT January 17, 2003 Reply   
RS heard anything about Pierce
heard he left AIG n back to NAB Sydney?
anyway reckon this is snooze time

Melb RS 02:14 GMT January 17, 2003 Reply   
Noody - yep it isnt too hard to work out. I dont read any of their stuff, so can't really comment. I have my suspicions about which direction u coming from also!
Deano - bingo on the AUDYEN, but not seeing it myself

sydney gm 02:10 GMT January 17, 2003 Reply   
SYD Mkt Talk: AUD-USD Made a new 29 month high early Friday at 0.5897 as regional names paid the currency up in tandem with a rallying NZD-USD. 0.5900 sell orders have been left at all the local banks. A 0.5900 KO is rumoured to be expiring later today (NY cut), so some expectation that 0.5900 will not trade until then. But after that the buy stops layered in the 0.5900/20 area could quickly come into play.

Fairfax mk 02:02 GMT January 17, 2003 Reply   
Sorry, in the new beta forums it is on the right side. In the old Forums it is on the lefthand sidebar.

Spr NoodyG 02:01 GMT January 17, 2003 Reply   
Japs continue Dlr/Yen buying today
Euros eye KOs 1.0630 n 1.0650
expiries 1.0580 n 1.0560 shud get some attention
Stops for Dlryen 118.40-50 shud be done
zzzzzzzzzzzzzzzz
Thanks Deano on the Ozyen again
RS..heard your strategist calling OZ med term toppy soon
(if my hunch on your employer is right!?)

Fairfax mk 02:00 GMT January 17, 2003 Reply   
nyc sa, have you tried clicking the link on the righthand sidebar labelled "FX+ticker?"

London Mitch 01:56 GMT January 17, 2003 Reply   
nyc sa 01:51 // Sorry mate, wish I could help, but I've never seen any streamer on top of this forum page.

London Mitch 01:55 GMT January 17, 2003 Reply   
Kaunas DP 01:49 // Yeh, I'm gunna hit the sack soon as well. If you can hold your nerve with Her Majesty, I expect you'll see a very tidy profit a week from now. Good night.

Berkeley AG 01:54 GMT January 17, 2003 Reply   
After taking profit on the rally, I wouldn't really go long right now. Lots of stalling in the market. Prefer to wait for a better time to buy/sell. Earlier this weak Cable breached the 1.6100 areas, it came stumbling back down. I'm waiting for a better signal.

Brisbane L 01:51 GMT January 17, 2003 Reply   
London Mitch Well not sure, I always have fun dont think its the colour of my hair - having some good weather here at the moment , bit better than in the UK hearing its been quite cold.

nyc sa 01:51 GMT January 17, 2003 Reply   
the censored the one that normally shows on top of this page with the price moves .

Kaunas DP 01:49 GMT January 17, 2003 Reply   
London Mitch 01:17 GMT
right, but sometimes as "ex-Arthur Andersen", still 24/7...
couple h ago went long cable 1,6106
will hold till the weekend and if 1,6165 not broaken-square
going to bed - take care ALL

London Mitch 01:46 GMT January 17, 2003 Reply   
nyc sa 01:41 // Streamer from where?

London Mitch 01:44 GMT January 17, 2003 Reply   
Brisbane L 01:34 // Oh? so is it true that blondes have more fun??
You know a phrase I heard recently on this forum comes to mind. "Lose your opinion or lose your money". Quite true I think.

So how are things in sunny Brisbane? I miss Oz a lot!

nyc sa 01:41 GMT January 17, 2003 Reply   
can someone please help me ? I don't see the streamer anymore ? looks like something is missing . What am I supposed to do to get to see it ? any downloads ? please make it simple as I am no tech expert thnx

Brisbane L 01:34 GMT January 17, 2003 Reply   
London Mitch I am a blond :-)
and agree totally with your view , you can loose if you stick rigidly to one system in these market Good Luck

OZ deanobravo 01:28 GMT January 17, 2003 Reply   
still selling interest in ozyen around 69.50, but not huge so should'nt hold it back too much today ( fingers crossed)...

London Mitch 01:28 GMT January 17, 2003 Reply   
Brisbane L. 01:21 // Yeh, when a trend is moving, all the short term indicators tend to go out the window. Personally I'm more a medium term trader and dont bother with stochastics and all that other esoteric stuff. It probably works well for ranging markets, but personally I prefer trends (and blondes ;-) ) But seriously, just simple trendlines and breakouts tend to give me the best signals.

So are you in for the ride?

Sydney 01:28 GMT January 17, 2003 Reply   
hk revdax 01:07 see Athens 19:02.He has the same indications.

Tokyo Jon 01:28 GMT January 17, 2003 Reply   
hi all, just a quick one to show I am around

Brisbane L. 01:21 GMT January 17, 2003 Reply   
London Mitch think your right , everyone has been wanting a trend and now we have one seem to be denying it . (Very strange mentality) when the Dlr Fell to 76 agains the yen early 90's it must have given some very strange signals on the charts and RSI's etc however it still fell. and against the DMK. ??

London Mitch 01:17 GMT January 17, 2003 Reply   
Kaunas DP 18:59 // Hi mate. I expect you're probably in bed now since you tend to be around during London Hours. But in case you check for a response nest time you log in...

Yes I'm happy with my profits so far, but expect this is just small beans compared to what's on coming. My view remains even more positive than it was since my earlier posts today. good luck and good trades to you.

London Mitch 01:12 GMT January 17, 2003 Reply   
Morning/afternoon/evening all. Just got back from my 'investment dinner' with the Zurich Club. Been reading all your posts since my last one at around 5:30pm London time and must say I'm amazed at all the chatter about shorting Euro, Cable, et al!! Don't you guys remember one of the most fundamental rules of technical analysis??? The trend is your friend!!! Why does everyone want to buck it? I mean good luck to you guys - maybe I'm wrong. But if I'm right, thanks very much for funding my trades. :-))))

Bottom line: The Euro has just broken serious resistance at 1.06. This previous resistance will now become staunch support. You have a great opportunity to still go long at this level and catch most of the coming gain. Risk reward ration now plainly favours a BUY.

Anyway, do what you think is best guys. One thing that gives me more confidence in my long position is that 95% of you want to short. I LOVE that!!

Sunshine Coast (Oz) Flip 01:09 GMT January 17, 2003 Reply   
re nyc

There are problems with using synthetic euro derivations.
It's apples and oranges. Euro isn't ecu,exu,dem, or anything else.
It was trashed originally on the hypothesis that the basket taking over was weaker (debatable but certainly different) than what it took over from.
They make nice long range charts for presentations and overview but are closer to Dali than faithful chart mapping.

hk revdax 01:07 GMT January 17, 2003 Reply   
FWIIW...Jan 17...no more short US$ vs the Europeans. The currencies market is approaching a complex cluster in which an important US$ cycle low may be found anywhere between now and Jan 22.

Sydney FXtrader 01:07 GMT January 17, 2003 Reply   
Remember this. The high of last night perfectly stopped EURUSD at 0.618 objective of wave 5. Now, too early to make the call of hitting the top. What I'm saying here is good bet, risk/reward, on the short side.

Singapore BT 01:01 GMT January 17, 2003 Reply   
melbourne farmacia 00:56 GMT
Harry Potter being one of it.......... ;) Love that show.

Sydney FXtrader 01:00 GMT January 17, 2003 Reply   
NYC, Let's see. I don't see 1.0740 as any major target or resistance. As long as, EURUSD close below 1.0600 this week. The day high of today could be a significant top for the next few days/weeks.

Sunshine Coast (Oz) Flip 00:59 GMT January 17, 2003 Reply   
Tks vm Fairfax

Very Much appreciated

I was just noting we are up almost 25% (which would be 1.0715) from this time last January.

An expensive level/time to get bullish methinks

cheers

Sydney FXtrader 00:57 GMT January 17, 2003 Reply   
Ooops! I mean 0.5945-0.5830 for a while rather than 0.59-0.5830.

melbourne farmacia 00:56 GMT January 17, 2003 Reply   
Morning all - just pondering ( in the backyard in the morning sun, ah the joy of working from home ) regarding the NZ dollar. One very simplified view over the demand for the dollar, is the fact that in the last six months, over NZ$ 497 million in film production financing has flowed into new zealand from LA. Just a thought.

Singapore BT 00:50 GMT January 17, 2003 Reply   
Melb RS 22:05 GMT
Thanks mate! You're still holding on to those AUD of yours? I'm now staring grimly at the spot, hopefully enough pullback to 40+ for me to start another position. What's your take on this? Lots of GTs :)

NYC. 00:46 GMT January 17, 2003 Reply   
TECHNICAL ANALYSIS: Last night's break above 1.0600 psychological resistance turns EUR/USD (at 1.0620) short-term bullish again; it's targeting 1.0740 (61.8% retracement of downmove from October 1998 synthetic peak to October 2000 trough), and slope of uptrend line from January 8 says this should be hit by mid-next week. 1.0600 now immediate, minor underlying support, then 1.0580; short-term uptrend line support at 1.0550 and rising about 0.0030/day. EUR/USD also long-term bullish and any clean (close-of week) break of 1.0740 would be very bullish, but it's major resistance so unclear if break will happen quickly.
rts.

Melbourne MK 00:44 GMT January 17, 2003 Reply   
MELBOURNE (Dow Jones)--Shares in Australian miner MIM Holdings Ltd. (A.MIM) soared to a two-year high Thursday as traders speculated that a takeover bid from Anglo-Swiss miner Xstrata PLC (U.XTA) is looming.

Talks between the two companies were revealed back in November but news late Wednesday that Xstrata chief executive Mick Davis is in Australia had the rumor mill tipping a bid pitched at upwards of A$1.80 a share, or more than A$3.6 billion.

SYD 00:42 GMT January 17, 2003 Reply   
Melb RS only part was done cheers

Melb RS 00:36 GMT January 17, 2003 Reply   
SYD That BRL Hardy buying was done on wednesday I think.

Riyad AH 00:33 GMT January 17, 2003 Reply   
any views on usd/jpy plz ?

SYD 00:27 GMT January 17, 2003 Reply   
AUD/USD remains bid, with Sydney dealer citing WSJ report of potential US$1 billion bid for Australia wine-maker BRL Hardy by U.S.' Constellation group; pair expected to reach 0.5900 shortly, having already touched fresh 29-month high of 0.5893 in morning and now at 0.5888. Note reported risk reversal activity earlier in week said to be M&A-related.

Sydney FXtrader 00:27 GMT January 17, 2003 Reply   
EURUSD should now struggle a bit between 1.0600-1.0650. If the later hold by end of NY this week and EURUSD close below 1.0600, I'm fairly confident that 1.0500 will be tested again or even broken. Adjust the position accordingly. So a good bet here above 1.0630 with stop above 1.0650.
AUDUSD has a strong base at 0.5800. A tough resistance at channel line at 0.5900 in the daily chart. However, not much downside from 0.59. So I think 0.59 will be taken out but AUDUSD needs to consolidate between 0.5900-0.5830 for a while. EURJPY may test 125.40/60 before seeing the downside.

Fairfax mk 00:27 GMT January 17, 2003 Reply   
Sunshine Coast, I have 8572 on 28 Jan 2002.

singapore J. 00:20 GMT January 17, 2003 Reply   
Mkt Talk: AUD-USD locals and Asian names buying this morning, pressing AUD-USD to a new 29 month high at 0.5892. Much of the buying is spill over from continued demand for the NZD-USD Friday. Today's NZ +0.6% qq CPI result is seen removing any chance of a rate cut in NZ, as strong Aus jobs data yesterday did to the chances of a cut in Aus. Traders have sell orders layered ahead of 0.5900, where a rumoured KO is also set to be defended, but the 0.5900/20 area is loaded with buy stops and market feels as if it wants to shoot for these. US investment banks have been bidding up AUD & NZD relentlessly over the last few days and odds are on that AUD-USD breaks 0.5900 and move very quickly higher
S&P

Sunshine Coast (Oz) Flip 00:20 GMT January 17, 2003 Reply   
Can anyone confirm to me what the Euro low was jan 2002???

I seem to recall it was .8590
If you coild be of help
cheers

sarasota jf 00:12 GMT January 17, 2003 Reply   
eur- already heard this morning more options related business 1.0650 and 1.0700 expiries next week - so going to be choppy with market playing around with those... gl

Melb RS 00:11 GMT January 17, 2003 Reply   
Nothing at 5900 here. 5910 if anything, but they are a long way out so the level wont be defended vigorously ... jap spec accounts are the buyers here this morn fwiw.

saloniko 2003 nk1.18 00:00 GMT January 17, 2003 Reply   
Sweet Dreems..All!

nk

 


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