Forex Forum Archive for 04/08/2009

sofia kaprikorn 15:31 GMT April 8, 2009 Reply   
sold 1.3254 - stop 1.3276
assumption the S&P high 824.4 was the high for the day and thus using it as a proxy to short the pair that charts show has a good correlation atm

Bilad KaL 15:30 GMT April 8, 2009 Reply   
GBPAUD Might change direction

2.1104 2.0532
2.1116 2.0527
2.1141 2.0518
2.1172 2.0507
2.1204 2.0496

Amman wfakhoury 15:15 GMT April 8, 2009 Reply   
NYC TH 15:10 GMT April 8, 2009
----
do not worry , if you did not become well known from your calls , you will be from another thing.

NYC TH 15:10 GMT April 8, 2009
Amman,

Hahaha. Very good call. Just a note: I was just being funny with my post and wasn't trying to prove anything. My call is medium term so I can't really expect that the euro won't go up and down on it's way there.

San Diego bobl 15:01 GMT April 8, 2009 Reply   
Atlanta South...
Thank you for your contribution and thoughts. I am going to post one of my posts on the GVI side. Then I ask the question... what is the direction of the USD?? Clear upchannel now broken, gaps filled, and hovering at focal point for set-up of directional trade.

an Diego bobl 14:27 GMT April 8, 2009
trading day: Reply
Jason...
I agree with your view of how the day has shaped up thus far. I see lots of conflict in the markets now, and many trading pairs oscillating between weekly signal levels and daily levels... i.e, for instance like gbp/usd... weekly buy mode, daily sell mode..........and all so far today rotating between daily and weekly pivots, and MP areas of congestion, rather than a clear cut trade.

And, as you mentioned, the spoos ran up to pivotal 820 area again, and have stumbled, going net negative for day, then net positive for the day, and now selling a bit again. I haven't been able to locate a new trade idea today, so am sitting on my hands.

Something that may be cripping into the trade is "tax time". Sometimes the markets get pretty unreliable around tax time due to the individual or corporate needs of balance sheets.

gl/gt

Trading is an exercise of physics and mathematics imho......my fields of study in college. One important statement all physicists forcus on... Is asking Important Questions to solve the natural forces studied upon. In that light, I ask myself, which is the nature of the USD and crosses in the current now? I can't answer that with authority, thus am looking for more market insight.

Again, ty and best wishes.

Mumbai Deepak 15:01 GMT April 8, 2009
Thanks Jay...it really makes it worthwhile visiting this place! :)

MVC-IA DharmaMacro 15:01 GMT April 8, 2009 Reply   
Buy AUD/NZD
Entry: 1.2280 Target: 1.2498 Stop: 1.2230

As mentioned a few posts back about the AUD/NZD, it held support at 1.2100. Optimal entry was 1.2037 was not taken, though it should have been with 100 pips stop, but buy signal is showing so entering now at price stated above. GT to all.

GVI Forex Jay 14:57 GMT April 8, 2009
USD transactions will be settled because US banks are open but not vs. currencies where banks are closed.

Denver AL 14:54 GMT April 8, 2009
To add to John's post: All futures exchanges in Europe/London/US closed Friday and on Monday Europe/London futures remain closed. This is Easter weekend and the kids are on holiday in Europe with many either off or taking off the rest of the time

Mumbai Deepak 14:53 GMT April 8, 2009
Thanks Jay for the info,

I mainly wanted to know that is that would USD transactions be settled on that day. I am nearly sure that they would not, but just wanna confirm. Thanks.

Atlanta South 14:45 GMT April 8, 2009 Reply   
San Diego bobl,
I agree with your post & I fit into that group of short term traders, but I have been @ it for sometime & have a method that works for me, but I do allocate some trades for med-longer term trend trading, but my core trades are short term in nature (flat by NY close or shortly thereafter). For me having a plan & trading the plan has been the key & if the plan fails I cut & move on. The Turtle Rules still work today with some modifications, but as with any method, plan or system the rules MUST be followed. You are correct about the institutions & high end clents.....they do favor med-longer traders as I have a friend who trades for one of these & he told me the same thing. I guess it come down to each trader & what works for he or she. Your point is well taken & respected by this trader. Tks & gt.

GVI Forex Jay 14:35 GMT April 8, 2009
Banks are open Friday with skeletal staffs, exchanges, including stocks, are closed. US FX market is essentially closed even though banks are open.

Mumbai Deepak 14:33 GMT April 8, 2009 Reply   
Hi..

Could anyone confirm me that is USD settlement open on Friday (Good Friday). I see from BB using MCS that USD settlement is closed, but since I wanna confirm.

Could anyone help? TIA.

Porto Cubriclas 14:30 GMT April 8, 2009 Reply   
Sorry. I forget to put my name in the last post.

Amman wfakhoury 14:27 GMT April 8, 2009 Reply   
NYC TH 12:57 GMT April 8, 2009
whom wants 30 pips: Reply
who wants their stop to be hit? If so, short eur/usd at 3255/3260 else enjoy the ride to beyond 3700.

--------
you still have the chance to proof yourself next time.

Amman wfakhoury 14:23 GMT April 8, 2009 Reply   
Amman wfakhoury 12:37 GMT April 8, 2009
whom wants 30 pips: Reply
if so ..sell eur usd here 13255-60 tp 13220-25

----------
taken..exited at 13224

Porto 14:20 GMT April 8, 2009 Reply   
Hello!
Its possible to know where can i see (a calendar) the events about ZAR?
TIA
GT & GL all

Lahore FM 14:14 GMT April 8, 2009
Lahore FM 13:29 GMT April 8, 2009
Trade Ideas: Reply
2nd long in at 1.2329,stops 1.2240.target 1.2560.
--
closed 1.2368 in half,stops raised to 1.2290 on remainder.

GVI Forex john 14:09 GMT April 8, 2009
Feb wholesale inventories fell -1.5%, a larger decline than expected.

Inventories are important because as they fall, they will have to be replaced. Falling inventories are a net negative contribution to the GDP number, which is why GDP is often a difficult number to read.

Lahore FM 14:07 GMT April 8, 2009
ML,on techs alone a fall favoured of jpy crosses and majors but in case the great bull market has arrived for which i am waiting then we go up.waiting for resolution...

Los Angeles 14:01 GMT April 8, 2009
FM.. Yes.. I agree.. They may or may not suit my style. I use some kind of logic to enter a trade. On gbpusd, I have the stop just below 1.4690. So if it goes below.. I am out..

Jerusalem ML 13:56 GMT April 8, 2009 Reply   
JPY
Entry: Target: Stop:

Agree Lahore !

What is your inclination about jpy crosses? My feeling gives me more indication of a fall on crosses , specially gbp/
Agree?

Thanks.

Lahore FM 13:56 GMT April 8, 2009
okay Los..all the trades i put on might not suit you though.1.4690 is key to protect the mood on gbpusd.

Los Angeles 13:46 GMT April 8, 2009
FM, I am on long both of them EURUSD & GBPUSD.. Hope they will move up .. In fact.. I am also watching your USDCAD though not put the order yet..

Lahore FM 13:43 GMT April 8, 2009
eurusd and gbpusd tiptoeing the fine line between the bull and bear.so are jpy crosses..guess we can have resolution through the session.

Bilad KaL 13:32 GMT April 8, 2009 Reply   
I Just Long some

Lahore FM 13:29 GMT April 8, 2009
2nd long in at 1.2329,stops 1.2240.target 1.2560.

Lahore FM 13:28 GMT April 8, 2009
04/07/2009 17:36:42 FM Lahore 8
Lahore FM 16:01 GMT April 7, 2009
Trade Ideas: Reply
04/07/2009 13:38:21 FM Lahore 10
long usdcad 1.2445,stops 1.2360,target 1.2690.
--
stopped at 1.2330 which is the day low too.
--
long again 1.2345,stops none.
--
half out at 1.2386,stops to 1.2320.
--
stopped for no loss.

Bilad KaL 13:20 GMT April 8, 2009 Reply   
I think for now will buy with dips
for longer term 1010 area
I think after dat...there is a large correction to 660

San Diego bobl 13:01 GMT April 8, 2009 Reply   
I have watching trading over on this side for a while now and see some things that get my attention. One of those observations is this... a lot of trading posts appear to "daytrades" and although some good levels observations being made, the actual trading appears much more narrow. I can say this with confidence........daytrading and pip raids for small gains/losses is a very tough game. You have to have a phenomenal record % wise winners to losers to make a living at this.

Some traders may notice guys with real track records and hosest posting, names I have pointed out before, but certainly includes the line-up of trade services offered by global-view. I have noted, forgive me but let me note a sample person, FM. When he puts something on, he appears consistant to me to post trades taken with realistic stops, much wider than most, that give or allow a trade to function according to plan. Bottom line, my personal preference is always longer term view, trading, etc. Simply put, I'd rather have 1 trade with a 100 pip stop, than 3 with a 33 pip stop.

Another is just market fact........if you want to work for an institution or high end client, and you bring them a "daytrading journal", well, chances are that you will not get that job. Sometimes we can work a trade on opening with tight stops with clearly defined support and resistance, leaning on them. That happens and is a good practice imho. However, in the bigger picture, patience, focus, and control of sizing in and out make up the more successful traders. Also, note someone like Zeus, who by my review has a very controlled trading plan.........with the good practice of letting winning trades have time to make a worthwhile contribution to his balance sheet.......and who by the same token, often seems to enter a trade for a specific reason, and only if that reason is no longer valid, and it changes against him, then he cuts it and moves on to the next trade. Again, good practice imho.

If nothing else, maybe creating a trade journal of "what ifs" in style and content of trading, you may discover ... "man, I was right on, but cut a good trade short (often to cover previous losses), and then give that loser a little more wiggle and it takes you down further than your winners. I just believe that is worth study and review.

gl/gt

Bilad KaL 13:01 GMT April 8, 2009 Reply   
short USDJPY
100.32 97.74
100.37 97.69
100.48 97.60
100.61 97.48
100.75 97.36


will long USDCAD
1.2609 1.2263
1.2615 1.2257
1.2627 1.2246
1.2642 1.2231
1.2657 1.2217

KL Ron 12:59 GMT April 8, 2009 Reply   
you guys think it is a good time to sell usd now and buy stocks and throw risk aversion out of the window?

Bilad KaL 12:59 GMT April 8, 2009 Reply   
OK short GBPUSD

GBPJPY as well

EURJPY will short in these odrers

134.46 128.15
134.61 128.01
134.91 127.72
135.28 127.36
135.66 127.00

NYC TH 12:57 GMT April 8, 2009
who wants their stop to be hit? If so, short eur/usd at 3255/3260 else enjoy the ride to beyond 3700.

tokyo ginko 12:46 GMT April 8, 2009 Reply   
Buy EUR/USD
Entry: 1.3246 Target: later Stop: later

long eur/usd

Amman wfakhoury 12:37 GMT April 8, 2009 Reply   
if so ..sell eur usd here 13255-60 tp 13220-25

London NJ 12:31 GMT April 8, 2009 Reply   
usd/cad, stop 30 pips below entry. I can melt 130 pips but not lose on this one...

London NJ 12:28 GMT April 8, 2009 Reply   
I lowered the stop on eur/gbp. It might experience hard time but I am confident about its potential so now it's 0.8930

sofia kaprikorn 12:20 GMT April 8, 2009
tnx guys! much appreciated

Richland QC Mailman 12:12 GMT April 8, 2009
usd/cad
Entry: 1.23566 Target: Stop:

Atlanta South, thanks for the kind words...

Thinking of buying usd/cad at current price... hmmm. 1.23566

GVI Forex john 12:04 GMT April 8, 2009
Survey Results
This is a sentiment survey, so the more who participate the better! Thanks to all!

Neutral Survey. Suggests traders realize forex is at the mercy of equities into the long Easter break. Looking for direction.

Lows cluster: 1.3080-1.3110, 1.3147-1.3210
Highs cluster: 1.3295-1.3315

high	low	close	spread		high	low
1.3224	1.3085	1.3135	0.0139		1.3224	1.3080
1.3310	1.3080	1.3140	0.0230		1.3260	1.3085
1.3315	1.3110	1.3145	0.0205		1.3295	1.3102
1.3260	1.3102	1.3155	0.0158		1.3300	1.3110
1.3295	1.3175	1.3200	0.0120		1.3306	1.3147
1.3340	1.3150	1.3210	0.0190		1.3310	1.3150
 CURRENT SPOT = 1.3217
1.3300	1.3190	1.3225	0.0110		1.3310	1.3175
1.3310	1.3180	1.3240	0.0130		1.3310	1.3180
1.3310	1.3210	1.3250	0.0100		1.3315	1.3190
1.3306	1.3192	1.3300	0.0114		1.3340	1.3192
1.3410	1.3147	1.3385	0.0263		1.3410	1.3210
 AVERAGES >>>
1.3307	1.3147	1.3217	0.0160	 		

Bilad KaL 12:02 GMT April 8, 2009
typo
gbpaud= gbpnzd
sorry

I think will buy the eurusd till 1.3420

London NJ 12:02 GMT April 8, 2009
stop at 1.6430 not 1.6460

Bilad KaL 12:00 GMT April 8, 2009 Reply   
GBPCAD 24 Hrs
1.8348 1.8121
1.8350 1.8119
1.8352 1.8117
1.8354 1.8114
1.8356 1.8112


GBPAUD..I think now selling to 2.51
2.5890 2.5151
2.5908 2.5143
2.5926 2.5135
2.5944 2.5127
2.5962 2.5120

Atlanta South 11:54 GMT April 8, 2009 Reply   
Richland QC Mailman,
Your views are always appreciated by this trader. Tks & gt.

London NJ 11:54 GMT April 8, 2009
Sell eur/cad
Entry: 1.6367 Target: 1.6215 Stop: 1.6460

A small lot on this one as it is not the best price to sell but good potential because it will be driven by the news.

Richland QC Mailman 11:52 GMT April 8, 2009
eur/usd
Entry: Target: Stop:

You have very interesting charting points Sofia. Rest assured they are appreciated.

eur/usd - if it fails to break the 1.3255 9short of some 40pips to move past the intra-day high, may be on its way back to 1.3200 - 1.3150. There is a minor TL support at around 1.3225 which may hold the decline for a while...

Atlanta South 11:48 GMT April 8, 2009 Reply   
Sofia Kaprikorn
That looks good. I have view along those lines, but I guess anything can happen to derail it. Don't worry about length of post as your views are appreciated. Tks & gt.

NYC ET 11:43 GMT April 8, 2009
1,3300-1,3190-1,3225

NYC ET 11:37 GMT April 8, 2009
1,3300-1,3190-1,3225

Chicago SC 11:36 GMT April 8, 2009
1.3340-1.3150
1.3210

SOS

sofia kaprikorn 11:35 GMT April 8, 2009
H - 1.3258
L - 1.3119
C - 1.3156
..................
just if someone like to comment my amateurish view on the Daily chart has a pending 8X21 bearish cross in the 1.3301/08 >> which coincides with Daily Pivot at 1.3300 /based on 22:00 GMT close/
the fact we couldn't see even a good break above 1.3246 M2 takes us to the 100-day MA attraction level at 1.3152

I put a low at the 1.3119 as it's the S2 pivot and in case the 808.7 /20-dayMA/ in S&P gives way to test the 800 mark the S2 support seems an easy target..
//Sorry for too much posting - just an attempt to communicate and learn in the process//

Plovdiv Gotin 11:30 GMT April 8, 2009
3224/3085/3135

San Diego bobl 11:28 GMT April 8, 2009 Reply   
Interesting area in the current EUR/USD pricing, knocking it's head on yesterday's low areas............ How the half here resolves will probably get some attention and trades.

I have a rule that has helped me a lot over the years, and it's a fundamental component learned by study of the "Turtle System and methods, and retooled for my personal trading, but it is generally this:
When exiting a number of successful trades, and on a roll so to speak, then I put more value in the probability of getting some losers, or wrongfooted. In consideration of such, I really reduce size to 1/4-1/3 of opening size on any trades taken. Expectation of giving some back, even if systems fire, is the main idea......and if does go my way, then I feel obviously grateful but really focus a lot on keeping my head and not getting reckless.

It's worked very well for me over time, and everyone's personal experience may display similar characteristics if your trade journals are reviewed with an honest and critical eye.

gl/gt

Bru Yein 11:26 GMT April 8, 2009 Reply   
Buy eurcad
Entry: 1.6369 Target: 1.6517 Stop: 1.6290

Starting long possie here with target
1st 1.6517
2nd 1.6700

sofia kaprikorn 11:25 GMT April 8, 2009
EUR/GBP longs 0.9000/08 > squared at 0.9005
probably a mistake of impatience cutting here

sofia kaprikorn 11:21 GMT April 8, 2009
longs EUR/USD from 1.3203/22 > squared at 1.3246

Livingston nh 11:14 GMT April 8, 2009
1.3310 - 1.3080 - 1.3140 // finally broke below 21 dma

San Diego bobl 11:13 GMT April 8, 2009
EUR/USD

H - 1,3306
L - 1.3192
C - 1.3300

It appears some news on TARP program came into market and has offered relief to to stocks at the expense of USD.

gl/gt

Atlanta South 11:11 GMT April 8, 2009 Reply   
San Diego Bobl
When the cobwebs are cleared, your view for E/$ from now until NY close is most appreciated. Tks & gt.

Mumbai NS 11:09 GMT April 8, 2009
High 1.3410 Low 1.3147 Close 1.3385

San Diego bobl 11:09 GMT April 8, 2009 Reply   
eur/usd et al, aud/usd: Reply
EUR/USD....
Covered remaining USD shorts, and AUD/USD that was entered on stop/limits while sleeping. I did leave a quarter of eur/usd on with the stops mentioned last night.

Net result on both posts, and not including the rest of trades taken was just > +200 pips, with only a quarter of eur/usd held.

Also, covered spoos on standing order for nice gains also.

Haven't gotten the sleepy cobwebs out yet, but will be reviewing the landscape.

gl/gt

Blore RKG 11:06 GMT April 8, 2009
H- 1.3315
L - 1.3110
C- 1.3145

houston st 11:06 GMT April 8, 2009


1.3260 - 1.3102 - 1.3155

same overall theme today?

Richland QC Mailman 11:04 GMT April 8, 2009 Reply   
eur/yen
Entry: 132.36 Target: Stop: 132.50

Opened a small selling on the pair looking for some 20+ pips... been trading it since last night (132.25 down to 131.25 for +100pips; 132.07 - 132.15 = -8pips).

London C 11:03 GMT April 8, 2009
1.3295-1.3175-1.3200

NYC JM 11:00 GMT April 8, 2009
1.3310-1.3180-1.3240

With liquidity thinning ahead of the holidays (answers HC question), have no choice but to be defensive. Alot again depends on stocks.

GVI Forex john 10:59 GMT April 8, 2009
1.3310-1.3210
1.3250

Bilad KaL 10:51 GMT April 8, 2009 Reply   
EURUSD Orders for next 24 hrs

1.3369 1.2851
1.3393 1.2815
1.3416 1.2779
1.3440 1.2743
1.3463 1.2707

USDJPY
100.6118 97.9984
100.7623 97.8729
100.9128 97.7473
101.0633 97.6217
101.2138 97.4962


Cable
1.4852 1.4472
1.4874 1.4457
1.4896 1.4441
1.4917 1.4425
1.4939 1.4410

USDCAD
1.2603 1.2184
1.2621 1.2162
1.2640 1.2141
1.2659 1.2120
1.2677 1.2098

EURJPY

134.3868 126.2761
134.8236 125.7995
135.2604 125.3230
135.6971 124.8464
136.1339 124.3699

GBPJPY
148.8582 142.0057
149.2336 141.6787
149.6090 141.3517
149.9843 141.0247
150.3597 140.6977

GVI Forex Jay 10:51 GMT April 8, 2009 Reply   

Entry: Daily eur/usd survey Target: Stop:

Please post you forecast in the following format:

High-low-close

This new daily poll works best when you participate! Note poll closes at 12:00 GMT.

Post your forecast for the EUR/USD range for the NY session start until today’s close and a line for your rationale.

Click on “reply” to post your forecast and keep it in the same thread

London HC 10:49 GMT April 8, 2009 Reply   
s there any news out or just a thin market?

Bilad KaL 10:27 GMT April 8, 2009 Reply   
GBPUSD next month wants 1.38 to 1.36
eurusd 1.27 area
audusd .65

sofia kaprikorn 10:24 GMT April 8, 2009
also just added EUR/GBP long 0.9000

sofia kaprikorn 10:22 GMT April 8, 2009 Reply   


This Daily chart -- obviously under 89-day MA has bearish implications but as long at the shown Trendline support holds there is a good R/R point to be long >> a break below T/L I suppose should be used as a SAR level

sofia kaprikorn 10:13 GMT April 8, 2009 Reply   
seems interesting range day at the lows is fixed at the 100-dma ..1.3152 and high is capped by the 21-dma ..1.3299

Gen dk 09:51 GMT April 8, 2009 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

London NJ 09:44 GMT April 8, 2009 Reply   
The dollar is going to get hammered in the coming days. Large time frame confirm it. Cad, Euro, Chf even Sterling opened the week above their average against the Usd.

GVI Forex john 09:37 GMT April 8, 2009

Click on Hyperlinks below for Updated Charts

sofia kaprikorn 09:32 GMT April 8, 2009
added EUR/USD at 1.3222

Atlanta South 09:29 GMT April 8, 2009 Reply   
HK RF
Good though provoking view on gold. Am holding a few ounces, but these were purchased yrs ago before the lofty levels we see today. It is good to see another on this forum that is not misled by the smooth words with little substance that is being spoke by the current administration.

Thanks for your views & comments.
____________________________

sofia kaprikorn 09:20 GMT April 8, 2009 Reply   
long EUR/USD 1.3203 - stop 1.3181
long EUR/GBP 0.9008 - stop 0.8986

Amman wfakhoury 08:53 GMT April 8, 2009 Reply   
Amman wfakhoury 08:13 GMT April 8, 2009
eurusd do it fas: Reply
buy 89 exit 99

------
done

Syd 08:49 GMT April 8, 2009 Reply   
The commodity currencies, AUD/USD, NZD/USD along with USD/JPY are showing the most extreme deviation away from their 100 DMA's, says Bank of Scotland. With most other G10 currencies trading close to their 100 DMA's against the greenback, and with risk aversion lingering, commodity currencies look the most vulnerable to a further leg lower says BOS. AUD/USD trades at 0.7058, NZD/USD 0.5730, USD/JPY at 99.76.

Syd 08:44 GMT April 8, 2009 Reply   
MOSCOW (AFP)--The head of Sberbank OAO (SBER.RS), Russia's biggest bank, warned Wednesday the country's banking crisis was only just beginning, two days after Russian Prime Minister Vladimir Putin said the threat to the system had receded."A banking crisis in Russia is in its very beginning and it will come from the real sector of the economy," the RIA-Novosti news agency quoted Sberbank chief executive Gref as saying at a conference.Gref said he had forecast at a government meeting in September 2008 that gross domestic product would contract by four percent."Everybody was laughing at it back then," said Gref, a former long-serving minister of economic development who was appointed to head the state-owned bank.
"But it is obvious today that these are absolutely real figures that will apparently be realized," he said.
Gref's remarks come on the heels of Monday's announcement by Putin the government had managed to avert the banking crisis.

Tokyo 08:28 GMT April 8, 2009
ohh,10 down

Caribbean! Rafe... 08:19 GMT April 8, 2009 Reply   
Another series for EUR/USD for April.

1.3765//1.2485

Tokyo 08:18 GMT April 8, 2009
trying to make 10

Caribbean! Rafe... 08:15 GMT April 8, 2009 Reply   
Possible EUR/USD range for April.

1.4198//1.2916.

Amman wfakhoury 08:13 GMT April 8, 2009 Reply   
buy 89 exit 99

USA BAY 07:55 GMT April 8, 2009
LONDON GOONER,''

HI GOONER, Are you still long eur/chf. tia

London Gooner 07:52 GMT April 8, 2009 Reply   
London Gooner 09:31 GMT April 6, 2009
USDCHF: Reply
Buy
I am in the view it should revisit 1.1600 area.
------------------------------------------------------
I still have this view on doll swiss

Lahore FM 07:47 GMT April 8, 2009
let us see if Noody Girl up again!

Haifa ac 07:44 GMT April 8, 2009
Lahore FM 07:40 GMT April 8, 2009
Market so quiet. Choking on Kneidlach?!: Reply
ac,if we had sound effects //
Once upon a time Noody Girl used to give some of these effects. Wonder what happened to her.

Lahore FM 07:40 GMT April 8, 2009
ac,if we had sound effects and squawk boxes you would surely here shrieks and screams and curses toat current pace too..

Haifa ac 07:38 GMT April 8, 2009 Reply   
Funny how market can simply go dead. Like an invisible hand.

Lahore FM 07:38 GMT April 8, 2009
2nd long usdcad in now at 1.2412.stops later.

Lahore FM 07:06 GMT April 8, 2009
Lahore FM 22:19 GMT April 7, 2009
Trade Ideas: Reply
Lahore FM 20:54 GMT April 7, 2009
Trade Ideas: Reply
short 1.4726 gbpusd stops at 63 bid.order in at 1.4540 t/p.

order to long eurusd in at 1.3116 bid.stops at 1.3000.
--
gbpusd - raised stops to 1.4792 bid.lowered t/p to 1.4320.
--
closed half at 1.4673.stops stay as before.

Lahore FM 07:04 GMT April 8, 2009
04/07/2009 15:32:48 FM Lahore 15
cadjpy* 81.25


04/07/2009 15:31:39 FM Lahore 16
direct one.short adjpy 81.25,stops at 82.40.
--
closed half at 80.25 now.

London NJ 06:57 GMT April 8, 2009
target for usd/cad is 1.2180 not 1.1150

HK RF@ 06:39 GMT April 8, 2009 Reply   
Take a rest all is ok.


http://www.latimes.com/news/nationworld/world/la-fg-biden-israel-iran8-2009apr08,0,2388127.story?track=rss


Biden warns Israel of any attack on Iran
Vice President Joe Biden tells CNN that the government of Israeli Prime Minister Benjamin Netanyahu would be 'ill advised' to try to strike Iranian nuclear facilities.
By Paul Richter
April 8, 2009
Reporting from Washington -- Vice President Joe Biden issued a high-level admonishment to Israel's new government Tuesday that it would be "ill advised" to launch a military strike against Iran.

London NJ 06:38 GMT April 8, 2009 Reply   
Sell usd/chf
Entry: 1.1515 Target: 1.1150 Stop: 1.1540

^^

Syd 06:35 GMT April 8, 2009 Reply   
Worldwide toxic debt is unlikely to hit the IMF's forecast of $4 trillion, says James Shugg, senior economist at Westpac, as he expects something around the $3 trillion mark. CNBC's Amanda Drury & Martin Soong ask him how that will affect the currency markets.
LINK

London NJ 06:32 GMT April 8, 2009 Reply   
Sell usd/cad
Entry: 1.2450 Target: 1.1150 Stop: 1.2480

cad

London NJ 06:29 GMT April 8, 2009 Reply   
Buy eur/gbp
Entry: 0.8980 Target: 0.93 Stop: 0.8950

good deal

London NJ 06:28 GMT April 8, 2009 Reply   
Buy eur/usd
Entry: 1.3180 Target: 1.35 Stop: 1.3140

good deal

St. Louis SAJ 06:28 GMT April 8, 2009
Zeus old boy: the ETF sounds an excellent way to try the long side of NG. The futures? Well, let's just say that the boys in the industry -- to a man -- think it's 3/2 on that we'll see a 2 handle in the summertime. Absent hurricanes, naturally -- but historically we don't see major GOM hurricanes until August (two exceptions in recorded data going to 1886).

Current usage/storage rates, extrapolated, show something on the order of 3.83 tcf in storage by start of heating season on 1 November.

Just keep your stops on, m'friend, and be CAREFUL. This year, on the fundies, rates to be as or more bearish than 2001.

Best wishes and good trades to you!

San Francisco George Michael 06:26 GMT April 8, 2009 Reply   
Varna GV 05:54 GMT April 8, 2009
Purk wants to come out of the closet..finally...what he wants to know is what are the implications of him using his natal to penetrate Uranus...

empoli ab 06:22 GMT April 8, 2009
eurgbp
Entry: Target: Stop:

empoli ab 12:51 GMT April 3, 2009
eurgbp: Reply
eurgbp
Entry: Target: Stop:

eurgbp
04/02/2009 12:53:13 ab empoli 1

Sell eurgbp
Entry: 0,9170 Target: 0,8970 Stop: 0,9260

add more below 0,9055


added at 0,9060; moved sl at 0,9190 tp all at 0,8980 now


done at 0,8980 for a 270 pips gain

Varna GV 05:54 GMT April 8, 2009 Reply   
Chiron natal - 1.3190, if the euro can't stay above 1.3190 the down momentum is srong to go to Mars natal - 1.2780.
On the natal euro chart the zone between natal Chiron and natal Mars is like a deep hole!

Hillegom Purk 05:46 GMT April 8, 2009 Reply   
Time to get a ego indicator out of the closet.

HK RF@ 05:41 GMT April 8, 2009 Reply   
Atlanta South 00:24 GMT April 8, 2009

Thank you for your words.

Remain only to mention Gold.

It is a common view, that gold is a kind of safe haven for times when shares drop, but one has to remember that losses in shares may put pressure on portfolios with gold.

This weekend some traders would like to sleep with gold,because of some worries about a possible attack on the Iranian nuclear, taking the advantage of the long weekend.

But this may not happen, because it is too trivial of an idea.
But because it is so trivial of an idea it may indeed happen, so better keep little gold or simply USD for safety.

Bilad KaL 04:52 GMT April 8, 2009
NEXT 24 HRS ORDERS
usdjpy
lONGS

101.2841 99.4250
101.4330 99.3522
101.5819 99.2794
101.7308 99.2066
101.8797 99.1338


audchf
0.8292 0.8060
0.8310 0.8051
0.8328 0.8042
0.8346 0.8033
0.8364 0.8024

eurnzd lONGS
2.3412 2.2873
2.3459 2.2851
2.3507 2.2829
2.3554 2.2807
2.3602 2.2785

USA ZEUS 04:02 GMT April 8, 2009


USA ZEUS 00:10 GMT April 8, 2009

Market is quiet so just for fun I put this chart together showing daily prices of the natural gas futures contract side-by-side with the UNG ETF and removed the price scales.

See if you can tell which is the futures contract and which is the ETF.

Happy Day!

Syd 03:14 GMT April 8, 2009 Reply   
Australian housing finance numbers have risen for 5th consecutive month but gains likely to stall at some point as unemployment rate rises, AMP Capital chief economist Shane Oliver says. Says both housing finance recovery and positive consumer sentiment evidence that "policy and fiscal easing are getting some traction in the economy." Still expects RBA to cut cash rate to 2.0% by end of year

San Diego bobl 02:40 GMT April 8, 2009 Reply   
Moving stops on held eur/usd shorts to 1.3323, locking in 130 pips app. Also, selling aud/usd @ .7059 and will add if filled and we trade to .7039.

gl/gt

Syd 01:43 GMT April 8, 2009 Reply   
Australia Feb Housing Finance +0.4% Vs Jan; Forecast +2.0%
Australia Feb Value Of Investment Housing Finance -2.8% Vs Jan

London NJ 01:27 GMT April 8, 2009 Reply   
For those whose been following my calls, close it all. See you later.

Richland QC Mailman 01:26 GMT April 8, 2009
usd/yen
Entry: 100.39 Target: 100.70 Stop: 100.25

opened some fresh longs on usd/yen targetting some +25 to 30 pips this Asian morning... Daily chart shows bullish pattern intact. The pair is presently trading the range 100.30 - 100.85.

MVC-IA DharmaMacro 01:22 GMT April 8, 2009
Closed half at 6.7412 for 200+

MVC-IA DharmaMacro 01:07 GMT April 8, 2009 Reply   
Buy EUR/CAD
Entry: 1.6080 Target: 1.6380 Stop: 1.5980

GT

MVC-IA DharmaMacro 01:05 GMT April 8, 2009 Reply   
Buy EUR/GBP
Entry: .8959 Target: .9278 Stop: .8850

Order in to buy EUR/GBP....GT to all.

Syd 00:47 GMT April 8, 2009 Reply   
Expect further down side in interest rates for the RBA, says Rhonda Staskow, senior currency analyst at Action Economics. She tells CNBC's Anada Drury that employment will deteriorate.
LINK

Atlanta South 00:24 GMT April 8, 2009 Reply   
HK RF,

I second that statement......your so spot on. It reminds me of the Wizard of Oz...as some are following the yellow brick road to ruin & OZ will never come tru for them. Tks & gt to you my firend.

USA ZEUS 00:10 GMT April 8, 2009
Denver AL 21:04 GMT April 7, 2009

AL- Thank you for your remarks. Indeed contango is unusual and will ebb and flow on its path back to normal backwardation. Thus, I don't think the current annualized rate will necessarily be a constant annualized rate as NG wiggles back to backwardation.

Injection season begins soon and production is also beginning to be shut-in tight as well. But I guess that is all just funnymental stuff.

Really, I just trade the charts. As the resident expert Houston st stated- markets don't trade in straight lines. I could be wrong just like any other of course.

Will add the final 1/3 allocation if it drops then will consider stops from that point. Have building blocks in both Nymex contracts as well as the UNG ETF. Long term to me is a relative term that is not time dependent. Am seeking long term gains i.e. 50-100%+.
Patience and a cool hand are key.

As always- Comments are warmly welcome.

GLGT! :-)

HK RF@ 00:07 GMT April 8, 2009 Reply   
Traders recently were banking on stronger stock Mkts. and weaker yen,and now that the carry trade is back, so one may expect again deleveraging.
On top of that, Euro situation is not looking so promising like two days ago, when so many expected 1.40, and the AUS$ is little top heavy.

So if nothing happens during this long weekend, there is place for yen strengthening into next week.