Forex Forum Archive for 05/11/2009

Tallinn viies 23:23 GMT May 11, 2009 Reply   
UK april retail sales strongest for 3 years

Tallinn viies 23:16 GMT May 11, 2009 Reply   
UK house market sentiment hits 15 months highs

Egypt 23:13 GMT May 11, 2009 Reply   
hi alll.........have a nice trade

Santorini Alexis 22:45 GMT May 11, 2009
FM, it might be a little bit early but I'm out of the position. Might reload half position lower. Thanks again.

Lahore FM 21:38 GMT May 11, 2009
05/06/2009 14:53:25 FM Lahore 124
long euruad 1.7865,stops at a later time.
--
closed for a small gain of 50 pips.

Tallinn viies 21:35 GMT May 11, 2009 Reply   
low in europe was 1,3558 bid where official names were bidding euros and cemented the floor. 60-65 support now.
if there is no official interest anymore I would see euro down to 50% retracement level of last move from friday which is 1,3455-60. buying on the dips still preffered as long as 1,32 keeps it under control

Lahore FM 20:58 GMT May 11, 2009
Sell audcad
Entry: 0.8844 Target: 0.8400 Stop: 0.8910

entered sell now at 0.8844.

Lahore FM 20:24 GMT May 11, 2009
t/p entered eurnzd for half long from under 2.2600 at 2.2800.remainder at 2.3000.

Bahrain1 BAH1 20:21 GMT May 11, 2009 Reply   
Hi Lahore.....
Nice to c u 2
BIG good luck for u.
Good night.

Syd 20:20 GMT May 11, 2009 Reply   
Second-guessing is the dominant mode in foreign-exchange as well as equity markets Mon, says Victoria, B.C.-based currency services firm Custom House, as traders pull back on a sense that they may have gotten a bit ahead of themselves with recent rallies. AUD, for instance, "has gained 23% since bottoming at 62.83 cents on Mar 3, so it is not surprising to see a little profit-taking creep in," notes Custom House. "Likewise, since CAD has been bid 13% higher over the same time period, a little profit-taking and consolidation of positions is probably warranted at these levels."

Lahore FM 20:17 GMT May 11, 2009
good to see you about Bah1!

gtgl!
--
Hesham you are most welcome!!

Bahrain1 BAH1 20:15 GMT May 11, 2009 Reply   
Sell EURJPY
Entry: Target: Stop:

Hi Frnds....
Keep watching the Dow and S+P Futures, they might recover slightly but it will be good to short EURJPY and EUR$.
Break of 131.95 offer will target 1st 131.60 and 130.75.
So sell the break or sell the rallies.
Good luck to you all.

Santorini Alexis 20:14 GMT May 11, 2009
Yes thats right. Hope we see the pre-mentioned targets.

Lahore FM 20:13 GMT May 11, 2009
Alex,the move is likely started.might be quicker than expected.

Cairo hesham 20:12 GMT May 11, 2009
To Lahore: thank u so much. I love ur postings. Thank u again

Lahore FM 20:11 GMT May 11, 2009
Hesham,gbpusd heading down.you may sell with a reasonable stop.

GVI Forex john 20:07 GMT May 11, 2009

Click on Hyperlinks below for Updated Charts

Lahore FM 19:59 GMT May 11, 2009
Lahore FM 19:56 GMT May 11, 2009
Trade Ideas: Reply
Sell eueusd
Entry: 1.3605 order Target: 1.34 Stop: 1.3642 bid

sell eurusd order in at 1.3605,stops at 1.3642 bid.
--
removed order entered short 1.3584,stops same 1.3642 bid.half goes out 1.3500.t/p in for half.

Lahore FM 19:56 GMT May 11, 2009
Sell eueusd
Entry: 1.3605 order Target: 1.34 Stop: 1.3642 bid

sell eurusd order in at 1.3605,stops at 1.3642 bid.

GVI Forex john 19:54 GMT May 11, 2009

NEW! GVI Forex Chart Gallery. Printable FX Charts

Click for Complete Chart Points

Lahore FM 19:44 GMT May 11, 2009
snp emini sell order in at 910.75 june contract,stops 919.00

Cairo hesham 19:42 GMT May 11, 2009
To WFAKHOURY: Thank u a lot for ur reply

Lahore FM 19:38 GMT May 11, 2009
agree with your wholesome view viies.very enlightening!!

today's negative close puts pressure on eurusd to regain highs from friday,failing that we can sink back to 1.3250 for starting the move afresh!

Tallinn viies 19:36 GMT May 11, 2009 Reply   
talking about medium long term eurusd I am still very very positive about the outlook. move last friday helped it over 200 ma. also monthly cycles, weekly cycles and daily cycles UP.
trend strenght indicators starting to pick up speed. etc etc etc.
so, maybe we see one more correction down to levels where it last friday started (1,3250-60) but I really doubt. target 1,47sh within next 3 months.
gl

Santorini Alexis 19:07 GMT May 11, 2009
Thank you!

Lahore FM 19:04 GMT May 11, 2009
monitoring the eurnzd position Alex..no stop as such but if i feel 2.2200 is actually going to break on any new move then i am closing out with los.targets are 2.3000 and higher ultimately but would close parts along the way.currently with jpy the way it is i see eurnzd ticking higher.2.2560 is a trigger when crossed again,some 100 pips up.it can yield 2.2800 easily when it happens.

Cairo hesham 18:57 GMT May 11, 2009
to Wfakhoury: what do you think about GPB/USD big up or doen move?

Santorini Alexis 18:30 GMT May 11, 2009 Reply   
Dear FM, may I know your targets and stop for this EUR/NZD trade? Seems to be a good, lagging one.

Amman wfakhoury 17:58 GMT May 11, 2009 Reply   
is preparing for big movement

LUBEC AST 17:17 GMT May 11, 2009 Reply   
watching eur/usd for short at 1.3611-15 o eur/jpy short at 1.32 65-70

GVI Forex john 17:04 GMT May 11, 2009
Data Preview…
TUESDAY:
Far East/Europe:
UK- Mfg/Ind Output- closely watched- Key measure of economy. Seen still weak.
UK- Trade Balance- important- Measure of external demand. Larger deficit seen.
North America:
US- Trade Balance- important- Import demand measure. Larger deficit seen.
CA- Trade Balance- important- Export demand watched. Surplus seen low but steady.

LUBEC AST 16:22 GMT May 11, 2009 Reply   
this appears to be a good room for trading, as i have follewed other trades in the room, and feel participation by all is the key to good trading

Lahore FM 16:16 GMT May 11, 2009
AST,your trading ideas,long,medium and short term all have a place here.using template is a bright idea.i also started using it recently and am getting used to it.

GVI Forex Jay 16:14 GMT May 11, 2009
Lubec. You are doing fine. There is a free flow here and geared to the market and trading rather than chit chat.

This is a link to the Forum Rules

LUBEC AST 16:04 GMT May 11, 2009 Reply   
sorry, new here not sure how things go, is this forum for short and long trades, want to follow the rules

GVI Forex Jay 16:02 GMT May 11, 2009 Reply   
LUBEC (and others) - reminder to use the trading template (entry, buy/sell. target, stop) when posting a trade idea. It gets highlighted in yellow and makes it easier to identify a trade post.

LUBEC AST 15:59 GMT May 11, 2009 Reply   
out eur/usd long at breakeven taking too long

LUBEC AST 15:54 GMT May 11, 2009 Reply   
took eur trade at1.3621 long

LUBEC AST 15:50 GMT May 11, 2009 Reply   
watching eur/usd long at 1.3621

LUBEC AST 15:46 GMT May 11, 2009 Reply   
watching gbp/usd for a short at1.5172

USA ZEUS 15:21 GMT May 11, 2009
We closed our USD/JPY long position @ 97.61 from an average price of 97.31 for a +30 pip gain

Jufair KaL 15:12 GMT May 11, 2009 Reply   
shorts
EUR/GBP 0.9084 0.8727

LUBEC AST 15:05 GMT May 11, 2009 Reply   
yes all quick trades in and out

Amman wfakhoury 15:05 GMT May 11, 2009 Reply   
pips are dancing..dance with them and take them fast.

London C 14:56 GMT May 11, 2009
Lubec. Nice trade. Are all your trades quick turns?

LUBEC AST 14:35 GMT May 11, 2009 Reply   
out at 1.5075

LUBEC AST 14:34 GMT May 11, 2009 Reply   
out at 1.50 f for 31 pips

Gen dk 14:21 GMT May 11, 2009 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

tokyo ginko 14:10 GMT May 11, 2009 Reply   
Buy SnP
Entry: Target: Stop:

Long SnP 908

Stops later..

USA ZEUS 13:48 GMT May 11, 2009
We added to our long USD/JPY position @ 97.29

Lahore FM 13:48 GMT May 11, 2009
eurnzd 2.2525 can be a really good long.

Lahore FM 13:45 GMT May 11, 2009
AST,as a tradition all forum posts are written in low caps.capital letters are considered more as shouting at others.

USA ZEUS 13:43 GMT May 11, 2009 Reply   
Buy USD/JPY
Entry: 97.33 Target: Stop:

We bought USD/JPY @ 97.33

Lahore FM 13:35 GMT May 11, 2009
good evening Mialman,the 'trade ideas' thread has a post,a few posts from the top, by NYAM,which is a wholesome view.i infact find much in his elliot view which is most helpful.he is looking for 1.5020 break to confirm a top at today's high around 1.5246 and then sees further grind lower towards 1.40.this last part regarding 1.40 level is from a previous post of his.

LUBEC AST 13:28 GMT May 11, 2009 Reply   
GBP/USD
Entry: 1.5106 Target: 1.5080 Stop: 1.5130

GOOD SHORT IF PRICE IS HIT

Richland QC Mailman 13:28 GMT May 11, 2009
FM pleasant Asian evening to you. What do you think of gbp/usd? Your thoughts please on the beast. thanks

LUBEC AST 13:16 GMT May 11, 2009 Reply   
EUR/USD
Entry: 1.3622 Target: 1.3580 Stop: 1.3642

MARKET IS DOWN PRE-OPEN, EUR SHOULD FALL TODAY

Lahore FM 13:10 GMT May 11, 2009
05/10/2009 22:03:55 FM Lahore 13
euruad can be a good candidate for a long.with so much brewing on crisis front,even a small bump would have aud reeling from current lofty heights.usdjpy is on the point of starting a substantial correction lower which could not quite set off last week with constant rise in stox and stox futeres.
--

05/07/2009 02:07:33 FM Lahore 84
2nd long euruad in at 1.7624.
--
half out 1.7851 for +231 Now,stops put bak in place at 1.7500 for remainder and looking for 1.8100.

Lahore FM 13:05 GMT May 11, 2009
AST,good shot!

Lahore FM 12:58 GMT May 11, 2009
05/11/2009 08:03:04 FM Lahore 5
Lahore FM 07:03 GMT May 11, 2009
Trade Ideas: Reply
Lahore FM 21:56 GMT May 10, 2009
Trade Ideas: Reply
short audjpy 76.04.stops 77.04
--
half t/p in at 75.20.
--
half filled at 75.20 for +86.stops lowered to 76.30 on remainder short.
--
out of remainder at 74.46 now for + 158 in all

LUBEC AST 12:58 GMT May 11, 2009 Reply   
Sell USD/JPY
Entry: 97.85 Target: 97,60 Stop: 98.00

LOOKING FOR A FAST 20- 30 PIPS

Lahore FM 12:52 GMT May 11, 2009
05/11/2009 09:10:59 NYAM London 2

NYAM,thanx for the kind reply.your eurgbp view is a good map for what i see though i am betting on successful break beyong 0.9060 and 0.9160 for full resumption.let us see!

Melbourne Qindex 12:44 GMT May 11, 2009
EUR/USD
Entry: Target: Stop:

EUR/USD : As shown in the monthly cycle charts the current expected trading range is 1.3177 - 1.3705. A "Directional Indicator" : - 1.2581 - 1.3069 - 1.3113 - 1.3174 - 1.3220 - 1.3230 - 1.3320 - 1.3356 - 1.3524 - 1.3636 - 1.3812 - 1.4051, suggests that we may have seen the recent high today in the Asian session around 1.3666.


05/11/2009 11:38:38 Qindex Melbourne 2

EUR/USD
Entry: Target: Stop:
EUR/USD : The market may tackle the supporting range at 1.3490* ... 1.3547. The downside targeting point is 1.3505.



05/11/2009 02:52:01 Qindex Melbourne 10

Sell EUR/USD
Entry: Target: Stop:
EUR/USD : The market is going to consolidate within 1.3628 - 1.3676 for the time being. My bias is on downside when the market is trading below 1.3617. On the other hand the bias is on the upside when the market is able to trade above 1.3724.




05/10/2009 05:36:40 Qindex Melbourne 15

EUR/USD
Entry: Target: Stop:
EUR/USD: How to Construct a Trading Reference


The current expected trading range is 1.3431 – 1.3842. The market rhythm is represented by 411 pips (1.3842 – 1.3431). A projected resistant point 1.4253 is one step ahead from 1.3842, i.e. 1.3842 + 0.0411 = 1.4253. The mid-point reference of 1.3842 and 1.4253 is 1.4047. A projected supporting point is located at one step backward from 1.3431, i.e. 1.3431 – 0.0411 = 1.3020.The mid-point reference of 1.3020 and 1.3431 is 1.3225. If the market momentum is strong enough to move 3 steps ahead from the center of the projected series (1.3636) and trades above 1.4870, a positive signal for a strong trending market is hoisted in my system (1.3636 + 0.0411 + 0.0411 + 0.0411 = 1.4870). Similarly if the market retreats 3 steps backward from 1.3636 and trades below 1.2403 (1.3636 – 0.0411 – 0.0411 – 0.0411 = 1.2403), a negative signal for a strong trending market will be hoisted in my system.


Trading Reference:

… 1.2403 – 1.2609 // 1.3020* - 1.3225 – 1.3431* - [1.3636] – 1.3842* - 1.4047 – 1.4253* // 1.4664* - 1.4870 …


On Monday the daily cycle projected series is as follow :-

1.3287 – 1.3339* - 1.3392 – 1.3418 // 1.3444* - 1.3471 – 1.3497 – 1.3523 – 1.3550* - 1.3576 – [1.3602] – 1.3629 – 1.3655* - 1.3681 – 1.3708 – 1.3734 – 1.3760* // 1.3786 – 1.3813 – 1.3865* - 1.3918 …


Upside Targeting Points are 1.3828 – 1.3846

Downside Targeting Points are 1.3519 – 1.3524


EUR/USD : Monthly Cycle Charts

http://www.qindex.com/euro.html

Richland QC Mailman 12:16 GMT May 11, 2009
I think cable has the inner strength to edge higher from 1.5000 last Friday. If it has rebounded well from being rejected from 1.5190 last week, then I think it is not that hard for it to re-conquer its highs and resume the bullish trend.

USA ZEUS 12:09 GMT May 11, 2009
GBP/USD: Reply
Without question. Am preparing for USD bears to scramble for the exits on false technical breaks.

________________________________________________________

Closed 1/2 of our GBP/USD short position @ 1.5109 from an average price of 1.5236 for a + 127 pip gain.

GVI Forex john 11:58 GMT May 11, 2009
Survey Results
This is a sentiment survey, so the more who participate the better! Thanks to all!

The bias looks to be for a lower €/$ from current levels. With the calendar virtually empty today, short term flows are expected to dominate trade. Presumably almost everyone will be following share markets.

Lows cluster: 1.3480-1.3490
Highs cluster: 1.3625-1.3650, 1.3715-60.

high	low	close	spread		high	low
1.3625	1.3380	1.3420	0.0245		1.3611	1.3280
1.3611	1.3415	1.3470	0.0196		1.3625	1.3380
1.3635	1.3480	1.3510	0.0155		1.3625	1.3415
1.3640	1.3480	1.3520	0.0160		1.3630	1.3480
1.3625	1.3490	1.3525	0.0135		1.3635	1.3480
1.3635	1.3505	1.3530	0.0130		1.3635	1.3480
1.3650	1.3480	1.3545	0.0170		1.3640	1.3490
1.3630	1.3505	1.3550	0.0125		1.3650	1.3505
1.3960	1.3280	1.3560	0.0680		1.3675	1.3505
 CURRENT SPOT = 1.3575
1.3675	1.3550	1.3580	0.0125		1.3680	1.3532
1.3680	1.3532	1.3630	0.0148		1.3715	1.3540
1.3715	1.3544	1.3672	0.0171		1.3720	1.3544
1.3730	1.3550	1.3680	0.0180		1.3730	1.3550
1.3750	1.3550	1.3680	0.0200		1.3750	1.3550
1.3720	1.3540	1.3680	0.0180		1.3960	1.3550
 AVERAGES >>>
1.3685	1.3485	1.3570	0.0200	 		

Jufair KaL 11:55 GMT May 11, 2009
placing these longs
AUD/JPY 77.1253 74.1008 Buy
CAD/JPY 87.1601 83.7421 Buy
NZD/JPY 60.6308 58.2531 Buy
AUD/CHF 0.8745 0.8402 Buy

gl gt

London GB 11:54 GMT May 11, 2009
1.3650
1.3480
1.3545

Richland QC Mailman 11:53 GMT May 11, 2009
Hi 1.3720 Low - 1.3540 Close 1.3680

EU THE EURO QUEEN 11:51 GMT May 11, 2009
H:1,3715
L1,3544
c1,3672

London C 11:45 GMT May 11, 2009
1.3630-1.3505-1.3550

Wall Street 11:44 GMT May 11, 2009
1.3680-1.3532
1.3630

Melbourne Qindex 11:38 GMT May 11, 2009
EUR/USD
Entry: Target: Stop:

EUR/USD : The market may tackle the supporting range at 1.3490* ... 1.3547. The downside targeting point is 1.3505.

Chicago SC 11:20 GMT May 11, 2009
1.3480-1.3635 1.3510

Livingston nh 11:12 GMT May 11, 2009
1.3640 - 1.3480 - 1.3520

NYC JM 11:12 GMT May 11, 2009
1.3625-1.3490-1.3525

Alot depends on US stocks today.

London NYAM 11:12 GMT May 11, 2009
I rarely trade Euro but...
1.3750 1.3550 1.3680

Munich peter 11:08 GMT May 11, 2009
1.3730 - 1.3550 - 1.3680

GVI Forex john 11:07 GMT May 11, 2009
1.3635-1.3505 1.3530

Plovdiv Gotin 10:59 GMT May 11, 2009
1.3611/1.3415/1.3470

Netherlands Bob 10:58 GMT May 11, 2009
Sell EUR/USD
Entry: Target: 1.1488 Stop: 1.3985

H: 1.3960
L: 1.3280
C: below 1.3560

sorry Mr. Jay, I am not day trading biased for now ... but still pick the ball to post ranges as you requested ... all the best :)

GENEVA DS 10:57 GMT May 11, 2009

Entry: H13625 Target: L13380 Stop: C13420

Think this was it... EURUSD to become too expensive yet again...

London SFH 10:56 GMT May 11, 2009
H 1.3675 L 1.3550 C 1.3580

GVI Forex Jay 10:50 GMT May 11, 2009 Reply   

Entry: Daily EUR/USD Poll Target: Stop:

To repeat what I posted on Friday:

We have been conducting the daily eur/usd poll for several weeks and given the many thousands of people who watch our forums each day, the participation has been disappointing. First, we would like to thank those who have supported it but if you want to see this become a permanent daily feature, we need to see a broader participation. Our hope has been that the daily poll would evolve and even expand into other currencies over time, but we will be forced to end it unless we see more people contribute to it. If you have a suggestion how to improve this daily poll, please send me an email with your thoughts.


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

Please post you forecast in the following format: High-low-close
Note poll closes at 12:00 GMT. This daily poll works best when you participate!

Melbourne Qindex 10:37 GMT May 11, 2009
Gold
Entry: Target: Stop:


Gold : My bias is on the downside when the market is trading below 912.0

Jufair KaL 10:04 GMT May 11, 2009 Reply   
Pair____ Friday, May 15, 2009
EURUSD 1.3521
USDJPY 100.5247
GBPUSD 1.5277
USDCHF 1.1200
EUR/CHF 1.5147
AUDUSD 0.7772
USDCAD 1.1417
NZD/USD 0.6068
EUR/GBP 0.8850
EUR/JPY 135.8917
GBP/JPY 153.5050
CHF/JPY 89.6898
GBP/CHF 1.7110
EUR/AUD 1.7399
EUR/CAD 1.5439
AUD/CAD 0.8868
AUD/JPY 78.0647
CAD/JPY 87.9493
NZD/JPY 61.0227
GBP/AUD 1.9650
AUD/NZD 0.7772
AUD/CHF 0.8706
EUR/NZD 2.2264
GBPCAD 1.7431
GBPNZD 2.5158
USDSGD 1.4534

GVI Forex john 09:51 GMT May 11, 2009 Reply   

Click on Hyperlinks below for Updated Charts

Jufair KaL 09:49 GMT May 11, 2009 Reply   
IMO this is a great week to long it
GBP/JPY 152.8625 146.8679
for today's range
but end of week i think wants much more
expecting 155 easily
so maybe worth looking at

Amman wfakhoury 09:35 GMT May 11, 2009 Reply   
Amman wfakhoury 18:22 GMT May 8, 2009
eur.usd: Reply
yes my sys gives now the signal to go short till 13500 and to
sell again at 13670 if rise and exit both at 13580
=======
that what happened...what a nice sys.

Jufair KaL 09:30 GMT May 11, 2009 Reply   
long usdjpy
tgt

101.5303

London NYAM 09:26 GMT May 11, 2009 Reply   
http://www.ft.com/cms/s/0/c85f1796-3bf5-11de-acbc-00144feabdc0.html?nclick_check=1

Authors:The moment when the bond market finally chokes can be delayed for a long time. The Federal Reserve itself is committing to buying bonds, and 6 per cent is a long way away. So stocks maybe could keep rallying for a while. But, once the bond market calls time, Mr Napier suggests the S&P 500, now above 900, would need to reach 400 to get as cheap as at previous bear market lows. Enjoy the rally while it lasts.

Richland QC Mailman 09:19 GMT May 11, 2009 Reply   
Buy gbp/usd
Entry: 1.5100 Target: Stop: 1.5070

Just pulled the trigger on this pair.

London Gooner 09:18 GMT May 11, 2009 Reply   
I think one needs to refrain from buying the pair imo.
1.4950 is coming soon

Gen dk 09:15 GMT May 11, 2009 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

London Gooner 09:12 GMT May 11, 2009
London Gooner 19:04 GMT May 8, 2009
Sell AUDUSD
Entry: 7694 Target: OPEN Stop: 120PIPS

London Gooner 18:56 GMT May 8, 2009
Good to sell DAX futures at current 4958
-----------------------------------------------------------------
Locking some profit this am.
Reminder.
DAX 4792 needs print lower
AUDNZD 1.2841 needs higher print
USDCHF 1.1947 needs higher print

London NYAM 09:10 GMT May 11, 2009


FM, I will have to get back to you on cable except yes we did hit a decent sell point at 1.5245/66 (obvious now as we can see but saw your post a little to late this AM) we need under 1.5020 to confirm more sideways down pressure imo.

But on EURGBP i reckon still too soon to shoot for the moon (ie parity). Doesnt look right as i hope you can make out from the pic see very liukely that we are merely tracing out a wave 4 (degree "d" not "c" as i have mislabeled). It is currently struggling with the .764 extension target at .8988 and if it fails 100% target is .9058 we would nee dto break wave 1 low at .9160 before i would switch to l/t,m/t bullish. Now i would look to sell that 100% area with stop at stated level.

GTs FM!

HK RF@ 09:10 GMT May 11, 2009 Reply   
Buy USD/YEN
Entry: 99.10 Target: 100.40 Stop: 98.70

A possibility for yen travelling to test the 100.45 high should not be excluded by this time, but to be safer the entry point is placed after about 100pips rise from here.

London SFH 08:56 GMT May 11, 2009
Yes thats the cash...

Melbourne Qindex 08:51 GMT May 11, 2009
London SFH 08:48 GMT : Is it cash? Last Thursday the high should be 8651.51.

London SFH 08:48 GMT May 11, 2009
I have the recent high as 8604 last Thursday

Melbourne Qindex 08:47 GMT May 11, 2009
DJIA
Entry: Target: Stop:

DJIA : The recent high is 8658.

Melbourne Qindex 08:32 GMT May 11, 2009
Sell DJIA
Entry: Target: Stop:

DJIA : Weekly Cycle Analysis


The weekly cycle pivot centers are positioning at 8120 - 8514 - 8640. Speculative buying interest will increase when the market is able to trade above the recent high at 6658. On the other hand the market is under pressure when it is below the weekly cycle pivot center at 8514 and speculative selling pressure will increase when the market is trading below 8449. The short term downside targeting range is 8030 - 8077.


DJIA : Monthly Cycle Charts

http://www.qindex.com/djia.html

HK RF@ 08:30 GMT May 11, 2009 Reply   
If the US stock mkt. will rise tonight being long yen may be wrong.

van Gecko 08:19 GMT May 11, 2009 Reply   
Sell Euro
Entry: 1.36/1.37 Target: 1.20/1.18 Stop: 200 pips

Euro need more help to sustain the break over 1.3444..

Syd 08:17 GMT May 11, 2009 Reply   
Lahore FM 08:13 GMT All eyes on Budget tomorrow may be a bit overcooked for now probably looking for dips into it budget that is

Lahore FM 08:13 GMT May 11, 2009
quite the opposite of audusd and audjpy Syd!!

Syd 08:11 GMT May 11, 2009 Reply   
DJ Australia 09-10 Budget Deficit A$58 Billion - Channel 7

Lahore FM 08:10 GMT May 11, 2009
Lahore FM 08:03 GMT May 11, 2009
--
placed t/p order for remainder audjpy short 76.04 at 74.00.

Lahore FM 08:03 GMT May 11, 2009
Lahore FM 07:03 GMT May 11, 2009
Trade Ideas: Reply
Lahore FM 21:56 GMT May 10, 2009
Trade Ideas: Reply
short audjpy 76.04.stops 77.04
--
half t/p in at 75.20.
--
half filled at 75.20 for +86.stops lowered to 76.30 on remainder short.

Jufair KaL 08:01 GMT May 11, 2009
http://www.elitetrader.com/vb/showthread.php?s=&threadid=150792&perpage=20&pagenumber=7

posted last week for usdchf

Syd 07:52 GMT May 11, 2009 Reply   
Ambrose Evans-PritchardLINK

Netherlands Bob 07:34 GMT May 11, 2009

you are welcome hairy face, call it a BOLBO XC60 trade :)

R.G C.S 07:29 GMT May 11, 2009 Reply   
tks bob

R.G C.S 07:28 GMT May 11, 2009 Reply   
jimmy,

meant to buy eur/sek for 11.50

Lahore FM 07:28 GMT May 11, 2009
10.20/11.50 eursek range hereon so it may well happen!

Netherlands Bob 07:28 GMT May 11, 2009
Buy EUR/SEK
Entry: 10.4450 (market) Target: sweet Stop: less sweet

R.G C.S 07:15 GMT May 11, 2009

buy EUR/SEK ... NOW !!! ... 10.25 stoploss (personally, I use 9.75) with almost 12 target ... happy trade !!!

Jerusalem ML 07:21 GMT May 11, 2009 Reply   
Risk out
Entry: Target: Stop:

My bet is we are heading for colllision on markets
Look to sell EUR, CAD and GBP

Gold to 930
Dow to 7500 by end of may

Good luck!

Kingstown Jimmy 07:19 GMT May 11, 2009 Reply   

Bob never said to buy SEK vs. EUR early may

Netherlands Bob 14:18 GMT April 23, 2009
EUR/SEK: Reply

EUR/SEK longs better to be taken early MAY with target around 11.50 at least ... happy trade !!!

R.G C.S 07:15 GMT May 11, 2009 Reply   
BOB sir,

is it time to buy sek against eur as you noted for early may? u meant buying or selling gold?

thks

Lahore FM 07:03 GMT May 11, 2009
Lahore FM 21:56 GMT May 10, 2009
Trade Ideas: Reply
short audjpy 76.04.stops 77.04
--
half t/p in at 75.20.

Lahore FM 07:01 GMT May 11, 2009
audusd under 0.7670 corrects to 0.7580.

Jufair KaL 06:59 GMT May 11, 2009 Reply   
heading to 15 imo
maybe within 1 - 2 years

Lahore FM 06:35 GMT May 11, 2009
1.5085,eurchf looking like shrugging off the fall to the lows since friday.above 1.5090/1.5120 goes to 1.5200.

Netherlands Bob 06:21 GMT May 11, 2009
DS

if I am not wrong, you do exotics from time to time ... a pacific parrot says that KARDASH LIRA goes 2.5000 soon soon :)

GENEVA DS 06:14 GMT May 11, 2009
BOB
Entry: Target: Stop:

Do agree.. with stocks.... major stuff on our way.... UNFORTUNATELY.... just this right timing will be a tough nut... good luck to you.

Netherlands Bob 06:12 GMT May 11, 2009
DS

HSBC writing off $5B and more and more, that sub-prime is not done yet, aftershocks brings more panic than the first earthquake ... so many panic themes waiting to launch ... it's very close for bear to take control again, it may come out as super bear ... TH!NK CITY will be officially a legal product within FEW hours, TH!NK CITY, be SHORT oil !!! ... funny that TH!NK CITY comes from oil exporting nation ... happy happy, very very !!! ... SP500 DMA 180-220 - BOOM BOOM BOOM !!! ... lol

GENEVA DS 06:00 GMT May 11, 2009
overshoot
Entry: Target: Stop:

Bob... like your little sentence on overshoot... so if I do understand well... time to sell stocks big time ?... Probably you might be right... I do not own stocks... only the ones from my own company... but they are not yet ready to tank too much... have fun....

GENEVA DS 05:49 GMT May 11, 2009
OIL/GOLD
Entry: Target: Stop:

Tks Bob... we sold oil many month back around 140 USD... everymonth it gives an extra ,some dollars, in supplement... we have bought Gold against in the low 700 usd... we keep this spread... as long as oil is in contango mood....we do such ratios since many many years, but in general are holding very long the possies... we think eventually this ratio will go much higher... do not trade short term... but nevertheless... I do agree with you, with nearly the planet thinking oil goes to 70 or 80 or 200 USD... time is ripe for some good shorts.. even short term... tks.

Netherlands Bob 05:43 GMT May 11, 2009 Reply   
GENEVA DS

time to sell oil is now, but seems that gold too, for both stops are cheap for now ... initial OIL target is low 40's ... happy trades :)

Netherlands Bob 05:40 GMT May 11, 2009 Reply   

good morning ... the very last stage of the overshot phase is about to finalize, TOYOTA, HSBC and many more will make Pxxxx holders to have summer very happy happy ... there is a major bottom to test, that the theme for the coming weeks :) ... trades happy, very very ... bye bye :)

Melbourne Qindex 05:17 GMT May 11, 2009
Buy EUR/GBP
Entry: Target: Stop:

EUR/GBP : The current expected trading range is 0.8923 - 0.9052. Speculative buying interest will increase when the market is able to trade above 0.9070. The upside targeting points are 0.9137 - 0.9162.

HK RF@ 03:03 GMT May 11, 2009 Reply   
Sell EUR/USD
Entry: [1.3700,1.3725] Target: [1.35,1.3550] Stop: 1.3760

Targets are made for reference only here I post targets and entry point as a range GL/GT

Melbourne Qindex 02:52 GMT May 11, 2009
Sell EUR/USD
Entry: Target: Stop:

EUR/USD : The market is going to consolidate within 1.3628 - 1.3676 for the time being. My bias is on downside when the market is trading below 1.3617. On the other hand the bias is on the upside when the market is able to trade above 1.3724.

Melbourne Qindex 02:42 GMT May 11, 2009
Sell EUR/AUD
Entry: Target: Stop:

EUR/AUD : It is likely that the market downward trending momentum will be strong enough to penetrate through the barrier at 1.7661 - 1.7673 and head for 1.7550. The market is under pressure when it is trading below the weekly cycle pivot center at 1.7823. A projected resistant range is positioning at 1.7911 - 1.7926.

KL Ron 02:23 GMT May 11, 2009
I second that FM, jpy should strengthen significantly from here
last week's stocks' gains failed to ignite similar interest in selling jpy, so if it is not going down then jpy must be preparing to go down especially if we have a sell-off in stocks

usdjpy is clearly struggling to hold 99, let alone tackling above 100, so maybe a deep retreat is in the making