Forex Forum Archive for 07/30/2009

Syd 23:20 GMT July 30, 2009 Reply   
Australia's Swan: Very Rocky Road Ahead
Australia's Swan: Jobless To Rise, Business Invest To Fall

Syd 22:33 GMT July 30, 2009 Reply   
MORE than 80,000 jobs could be lost in Australia's building and construction industry during the next three years, according to a study by Access Economics, to be released today."Access Economics sees the downturn in business investment as carrying too much momentum to be fully offset in the short-term by additional government investment and a housing sector recovery,'' the report says.

Gen dk 21:02 GMT July 30, 2009 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Lahore FM 20:51 GMT July 30, 2009
AS,was away or else would have replied sooner.

gbpusd exits are as mentioned earlier.i got out a thrid at 1.6512 earlier.rest goes at 1.6700 and 1.7400 but i wonder how it can help you with your short position.gbpusd might be ready for a fresh push soon.

GVI Forex john 20:11 GMT July 30, 2009

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GVI Forex john 20:04 GMT July 30, 2009

NEW! GVI Forex Chart Gallery. Printable FX Charts

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Hillegom Purk 18:50 GMT July 30, 2009
Mr. Zeus, skype is ringing...

USA ZEUS 18:40 GMT July 30, 2009
...Back to DJI, 15,000 means a new historic high which is out of everyone's expectation.


_____________________________________________________
Like Jim Rogers stated- He thinks the Dow can hit 1,000,000 and still not be at a new all time inflation adjusted high.

Denver AL 18:27 GMT July 30, 2009 Reply   
SETUP VIDEOS EUR/USD and GBP/USD --VIEW THEM NOW
Daily Trading Videos to set up positions for the next day (videos prepared by Denver/Tonbridge Al). Click on the Thursday link - They are less than 2 minutes in length - on the new video homepage for each video to view Friday's setup. All other daily links
work so you can also review the past week's drama as well.

EUR/USD Video
GBP/USD Video

oxford A 17:55 GMT July 30, 2009 Reply   
Buy
Entry: Target: Stop:

Buy eur/usd and place a stop around 1.4145 -1.4150 don't be greedy!!

Viet Nam Forex Begin 17:47 GMT July 30, 2009 Reply   
Buy GBP/USD
Entry: 1.6509 Target: 1.6539 Stop: 1.6479

Thursday, 30 July 2009 17:49 GMT

Belgrade AS 17:28 GMT July 30, 2009
FM,...and your gbpusd exit place?sorry to bother , but got involved in opposite direction...would be most thankfull for your opinion.cheers

singapore 17:16 GMT July 30, 2009
sorry and thank you so much for the much needed info, lahore. god bless.

Lahore FM 17:14 GMT July 30, 2009
Singapore,am sorry perhaps my eyes have gotten old.

till 1.4160 i think.will see later.

Lahore FM 17:10 GMT July 30, 2009
singapore i did not get this half shot question but i am long eurusd recently stops as posted and long gbpusd from earlier.

singapore 17:08 GMT July 30, 2009
lahore : long till.....?

Lahore FM 17:05 GMT July 30, 2009
Lahore FM 16:07 GMT July 30, 2009
Trade Ideas: Reply
Buy eurusd
Entry: 1.4077 Target: Stop: soon

long now.
--
stops 1.4028.

Hillegom Purk 17:02 GMT July 30, 2009 Reply   
Starting to short again: 8277 in.

Hillegom Purk 17:01 GMT July 30, 2009
usd/jpy: closing all except for one position. will keep that till 110. And if we see the lower 94 again i will simply add. Do not add anymore in these zones... not worth it.

PAR 16:47 GMT July 30, 2009 Reply   
Spanish island's airport reopened after bombing
(AP) – 7 minutes ago

PALMA DE MALLORCA, Balearic Islands — Spanish authorities say Mallorca airport has been reopened to outgoing flights after a bomb on the island killed two police officers.

The airport was closed to outgoing flights earlier Thursday after police launched a manhunt for suspects in the attack blamed on Basque separatist group ETA.

Spain's airport authority said the airport was reopened at 5.45 p.m. (1545 GMT, 1:45 p.m.). The ministry could not immediately confirm that the airport had been opened.

The Interior Ministry had also blocked boats from leaving ports and sports marinas on the island. It was not immediately clear if boat traffic remained suspended.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.

PALMA DE MALLORCA, Balearic Islands (AP) — An explosion on the Spanish resort island of Mallorca killed two police officers Thursday and authorities blocked all outgoing flights and ships from leaving as part of a manhunt.

makassar alimin 16:16 GMT July 30, 2009
cheers FM, took another 1/4 out as well on long eurchf now, leaving final 1/4 for 1.54 target, stop brought to profit zone...it has been such a wonderful trade alongside you on this one

Lahore FM 16:10 GMT July 30, 2009
Alimin dear ,many thanx!

took 1/3rd out of euchf longs at 1.5326.still looking for higher levels to close rest of it.

Lahore FM 16:07 GMT July 30, 2009
Buy eurusd
Entry: 1.4077 Target: Stop: soon

long now.

Lahore FM 16:04 GMT July 30, 2009
dear Mailman,tomm can be as good as it gets!

GVI Forex john 15:57 GMT July 30, 2009
Friday will be the usual active end of month session. Japan sees its manufacturing PMI, CPI, unemployment, household spending and other statistics. In Europe, unemployment, advance inflation figures and a number of sentiment indices are due. Switzerland releases its closely followed KOF indicator. In North America, Canadian GDP data are due. In the U.S., GDP and the Chicago PMI will be released. The GDP data are alwys a headline release.

FRIDAY:
Far East/Europe:
JA- Mfg PMI- followed- Not as important as in other countries. No estimate
JA- CPI- very important- BOJ targets inflation. Deflation seen.
JA- Unemployment- followed- perpetual questions about this statistic. Seen weaker.
JA- Household Spending- important- key measure of demand. Seen steady.
EZ- Unemployment- important- composite figure. Seen weaker.
EZ- CPI (flash HICP)- very important- ECB targets inflation. Negative nmber seen
CH- KOF inducator- important- closely warched in Switzerland. Seen less weak.
North America:
CA- GDP- important- Widest measure of economy. Seen less weak.
CA- PPI- important- BOC targets inflation. Seen higher.
US- GDPa - mportant- Widest measure of economy. Seen less weak.
US- Chicago PMI- important- Key regional PMI. Seen improved



Upcoming Major Releases:
MONDAY
CA- Holiday
CH, EZ, UK, US- Mfg PMI
US- Construction Spending
TUESDAY
AU- Retail Trade/Sales, RBA
CH- CPI
EZ- PPI
US- Core PCE, Personal Income, Pending Homes Sales

Richland QC Mailman 15:47 GMT July 30, 2009
Observations noted FM. Just thinking if there is already a brewing change in market sentiment for the dollar? Several data over the past weeks have been bad for the dollar yet 1.6700 top has not been reached. With the occurrence of the three pyramids (high of 1.6560/70), a possible failure to even reach the pyramids at 1.6525 which coincides with the Daily Resistance #2, then I think the pair is due for correction in this US session, and probably more in the coming week.

PAR 15:39 GMT July 30, 2009 Reply   
Senate Probes Banks for Meltdown Fraud
by John D. McKinnon
Thursday, July 30, 2009
provided by



A Senate panel has subpoenaed financial institutions, including Goldman Sachs Group Inc. and Deutsche Bank AG, seeking evidence of fraud in last year's mortgage-market meltdown, according to people familiar with the situation.

The congressional investigation appears to focus on whether internal communications, such as email, show bankers had private doubts about whether mortgage-related securities they were putting together were as financially sound as their public pronouncements suggested. Collapsing values for many of those securities played a big role in precipitating last year's financial

London NYAM 15:36 GMT July 30, 2009


BAY: I am currently long from .8530 but i will stop and reverse under .8495 targeting that next critical level at 8330. I would add if we break .8800.

makassar alimin 15:35 GMT July 30, 2009
Mailman, if your scenario is right, what I see is 1.6280 will actually open up opportunities for lower levels, might just change the sentiment. Cable bulls will certainly prevent that level from being seen as the whole bullish building blocks will need to be rebuilt in a long hard way.

Richland QC Mailman 15:25 GMT July 30, 2009
FM, I like the 1.6700 target my friend. But I think it would not be that fast, unless there is some heavy fundamental data to cause it this week. Probably on the NFP week. Meanwhile, we need the price to go south first to 1.6280. I think it needs to retreat to gain more strength to conquer 1.6560/70.

HK Kevin 15:20 GMT July 30, 2009
GENEVA DS 14:56 GMT, I pick companies rather than indexs in the stock market, but stock trading treat me not bad as compared to forex. Franking speaking, I lost some 5% of my fx account this year so far. Back to DJI, 15,000 means a new historic high which is out of everyone's expectation.

Stockholm za 15:15 GMT July 30, 2009

Spot at 1.4064
We are now doing a key pivot power play With the June –July range still in focus, strength test failure on the highs was a given, creating a key short term double top for the contras. Key support now comes in at the 1.392B with down side strength test at the 1.387B for the 1.380 spikes, down side scenarios is given a re-evaluation notion at the 1.412band take. Supply now meets demand at the 1.407b Making a daily close under the 1.399band very needy for a bear run.
Long term up move will remain in focus while above the 1.36band with key upside gateway at the 1.436band; breach of the 1.36 could open up the 1.29 scenario.
Happy trades...............

USA BAY 15:14 GMT July 30, 2009
LONDON NYAM,

HI NYAM, Would appreciate if you could elaborate on your view on eur/gbp reversal. Do you think we will see 8330 area? I was thinking that we could see 8800 but cable seems bullish. Tia

makassar alimin 15:13 GMT July 30, 2009
FM, congrats on the long gbpusd trade, that was awesome!
Regret I did not follow that as was too busy with other stuffs which only gave little gains compared to your gains. Hats off!

Lahore FM 15:07 GMT July 30, 2009
USA Bay,you are only most welcome!

USA BAY 15:05 GMT July 30, 2009
LAHORE FM,

HI FM, I appreciate you taking the time to give me your view on aud/nzd. I was not so sure of shorting it. Right now just observing it as the week is ending. Thanks again for the view

Richland QC Mailman 14:59 GMT July 30, 2009
On the hourly chart, I am seeing what I call "buffalo horns", looking for a close below 1.6500. It could just be a matter of time. 1.6460 prior resistance now turned support must yield to relieve us some pressure.

Belgrade AS 14:58 GMT July 30, 2009

Entry: 1,6515 Target: various Stop: 1,6545

ok!..we boarded 2 money making units(it's a free ride now!!!)...this is time when we get really stupid and greedy...small units game plan : 8 small units 4/8 tp=+30 open target for the rest....stops= -30

GENEVA DS 14:56 GMT July 30, 2009 Reply   
I am probably the wrong one to ask this question... but my guts tell me , that we are going direction 12000.... then back to the levels it breaks out right now... back to 9000 ish.. I guess... then probably 15'000 next year and then..... eventually 6000 again... how does that sound to you ?

Richland QC Mailman 14:56 GMT July 30, 2009
Actually, my gbp/usd shorts at 1.6494 were stopped out 1.6510. Took some risk and re-entered at 1.65155 on the theory of another failure. Possie still open, looking for lower prints, 1.6460 initially.

London NYAM 14:53 GMT July 30, 2009
ALIMIN: Heh, yes anyone except the bears. The really important point I think is that up till now we have had a near 1 to 1 inverse relationship between the S&P and the dollar especially against EUR and GBP. Also EURGBP has suffered with the bullish market. GBPUSD is struggling to break above recent highs (it still may) and that means this rally has opened up a new set of relationships OR it is the final phase in this move because a previous correlation is not confirming the move ie; a divergence. EURGBP still hasn't broken down but looks like, of it does, it will struggle to get below .83 handle. Whatever the case i wouldn't short S&P until we see it around the 1033-1052 level. From there I think it will be very hard to sustain any more upward momentum.

Lahore FM 14:49 GMT July 30, 2009
07/29/2009 20:25:48FM Lahore 3425
USA Bay,wittingly or unwittingly on scores of occasions you asked my view of audnzd and each time i would suggest higher prices while you were interested in selling it.

each time it dropped.in any case it is a buy now at 1.2455.
--
closed 1.2656 for 201+.

Lahore FM 14:48 GMT July 30, 2009
07/29/2009 21:19:44FM Lahore 3426

Buy gbpusd
Entry: 1.6378 Target: 1.6540/1.6700/1.7400 Stop: 1.6280
long now for the mentioned targets.
--
1/3rd clsoed 1.6512 for 140+.stops to entry.orders in for 1.6700 and 1.7400 for rest 2/3rds.

HK Kevin 14:44 GMT July 30, 2009
GENEVA DS 14:19 GMT, I am interested to know what will be the next move after DJ seeing 12,000. Looking at the weekly chart, DJI topped at 11,800 arounf Aug 08 and fall below 9,000 level within 3 months. Technically speakig, it's possible for DJ to visit 11,800 level again in Oct this year.

makassar alimin 14:42 GMT July 30, 2009
NYAM, it has been one very powerful rally in equities this month, no doubt about it! DJI went from 8080 just few weeks ago to 9240 today, that's no joke even a monkey pressing buy button can make money...so I guess everyone is happy now with that easy money

Belgrade AS 14:41 GMT July 30, 2009
sorry Mailman was not in for some time...i got action today...finally

London NYAM 14:36 GMT July 30, 2009 Reply   
London NYAM 09:06 GMT July 30, 2009
cable party of one: Reply
Think we are now testing the floors and ceilings of the new(er) paradigm this week wherein the old "its all down to equities" mantra begins to decay. Clear bounce on equities has shown less enthusiasm against the dollar than in previous rounds of exuberance. We shall see if we get an out and out decoupling of this relationship.
S&P appears ready to take on the next leg up to challenge 1000 and, ultimately the technically critical level of 1050. I suspect when we get in that vicinity the volatility will rise considerably.
Cable making a good show today hoping to join the mad hatters tea party leaving the Euro behind. Eurgbp still critical signal for a reversal to me and right now its saying its not done but will cable make new highs along with equities? My bets against it.

GENEVA DS 14:32 GMT July 30, 2009 Reply   
Do 100 pct agree with you... 500 ounces of silver will buy a little 4 piece appartment in Geneva in less than 5 years !! the other question..... it is just my feeling.... and I think technically speaking the markets look rock solid (at least for the moment...) but I do daytrade as welll.... although... I make still 85 pct of my gains with some odd long term trades... I am bad for timing issues... believe me...

Viet Nam Forex Begin 14:29 GMT July 30, 2009 Reply   
Sell GBP/USD
Entry: 1.6506 Target: 1.6476 Stop: 1.6536

Thursday, 30 July 2009 14:31 GMT

KL Ron 14:28 GMT July 30, 2009
Zeus, that sounds like the end of civilisation to me!

USA ZEUS 14:26 GMT July 30, 2009
Silver @ 18?....well it will go above 100 in due time. Gold/silver ratio may hit 1:1 and may even go to 1:1+. Perhaps when gold is @ 6000 or so. Call me crazy but some 600-1000 ounces of silver will have the same value as a median priced home in the coming few years.

Happy Day!

singapore td 14:25 GMT July 30, 2009
DS, you are saying we should buy all those markets today? that's a huge gain in 1-2 months you are talking about!

Juffair KaL 14:22 GMT July 30, 2009 Reply   
Loaded with shorts now
USDCHF 1.0936 1.0422
and trend friendly

On AVG
USDCHF 1.0840 1.0580

2 weeks tgt 1.03 area

Cairo hesham 14:21 GMT July 30, 2009
To DS: Is ur feeling based on fundamentals or technical or what?

GENEVA DS 14:19 GMT July 30, 2009 Reply   
Just still have this little feeling that in August and September the markets will reverse ALL the losses made last year that time.... i.e. DOW 12000 again... GOLD 1040 again SILVER 18+ again.... EURJPY 150plus audusd 90plus and cad 90 minus... gbpchf 2plus.... eurchf 160 plus... lets see... the shorters are very heavily involved.... have fun.... good trades to all...

makassar alimin 14:14 GMT July 30, 2009 Reply   
lots of window dressing stuff going on at the moment especially equities and thus forex related, end of week tomorrow and also end of month

USA ZEUS 14:14 GMT July 30, 2009
We used our special opportunity funds to short the Dow Jones Industrial Average (DJIA) @ 9,230.

Melbourne DC 14:09 GMT July 30, 2009
From GVI Forex

NYC 13:35 GMT July 30, 2009
and: Reply
**IMF: EURO IS OVERVALUED BY UP TO 15% VS FUNDAMENTALS

London ADK 13:33 GMT July 30, 2009
IMF comments: Reply
*ECB SHOULDN'T SEE CURRENT INTEREST RATE AS `FLOOR,' IMF SAYS
*ECB NEEDS TO BE READY TO COUNTER DEFLATION, IMF SAYS
*EURO REGION DEFLATION RISK ISN'T IMMINENT, IMF SAYS
*IMF COMMENTS MADE IN REPORT AND CONFERENCE CALL ON EURO REGION
*IMF FORECASTS `MODEST' RECOVERY FOR EURO REGION NEXT YEAR

GENEVA JFO 14:09 GMT July 30, 2009 Reply   
A quick boost above 1.4100 could scalp shorts from here....

London GB 14:09 GMT July 30, 2009 Reply   
Did anyone see the IMF comments? This is what hit the euro. No one posted anything about it.

HK Kevin 14:06 GMT July 30, 2009
HK RF@ 13:48 GMT, daily close below 1.4012 is very bad for EUR.

Richland QC Mailman 14:03 GMT July 30, 2009
Well, could not resist to short below 1.6500. Took 1.6494.

USA ZEUS 13:59 GMT July 30, 2009
We added our final short Dow Jones Industrial Average (DJIA) allocation @ 9,196.

Amman wfakhoury 13:59 GMT July 30, 2009 Reply   
Belgrade AS 13:33 GMT July 30, 2009
---------------------
great plan game AS , by the way are you sure your name has
only one S.

HK RF@ 13:48 GMT July 30, 2009 Reply   
Euro may slide to ~1.39

USA ZEUS 13:45 GMT July 30, 2009
We added to our short Dow Jones Industrial Average (DJIA) position @ 9,153.

Belgrade AS 13:33 GMT July 30, 2009
Sell gbp
Entry: 1,6515 Target: various Stop: 1,6545

ok since R2=1,6515 and fibonacci's R3=1,6515 , we'll bet on that it will hold (if retested again,of course)...game plan : 4 mid-size units ...2/4 tp= +30 ...3/4 tp=1,6450 ...4/4 target open....stops -30

BAHRAIN BAH1 13:29 GMT July 30, 2009 Reply   
BAHRAIN BAH1 14:30 GMT July 29, 2009
eurjpy TRADE: Reply
Buy EURJPY
Entry: 134.01BID Target: 134.50 Stop: 133.70

This trade is based on Dow recovery only.


Target reached. GL all

manila tom 12:52 GMT July 30, 2009 Reply   
cut my short position on cable at 1.6495, the trajectory is not convincing, there maybe a pop to 1.6560-70 later

Richland QC Mailman 12:45 GMT July 30, 2009 Reply   
Sometimes, based on experience, it is much easier and faster to win playing baccarat on-line than forex, especially when you hit the "tie" - jackpot. lol

GVI Forex john 12:43 GMT July 30, 2009

Belgrade AS 12:34 GMT July 30, 2009
i'm sitting on sidelins and sticking to "20/20"...action hungry , thought

Perth WTR 12:33 GMT July 30, 2009
excellent vision Alimin! usdjpy is under your command!

GVI Forex 12:27 GMT July 30, 2009 Reply   
Weekly jobless claims. See Countdown Clock (above) for consensus forecast and latest reading.

Como Perrie 12:24 GMT July 30, 2009
Lets see what happens now after this minor data release. Might give some ops to enter at some decent levels ... for now nothing important seen, except the thingy pandemic as I see might drive safe haven and stocks to lower at some point..hundreds of infected in any medium city am hearing.

Richland QC Mailman 12:11 GMT July 30, 2009
Though not the most premium price to short, may you raid the pips tonight. gl gt

Kolkata kcs 12:09 GMT July 30, 2009 Reply   
EURO, censored YEN and EURO-YEN
---------------------------
Read our current comments and trade recommendations on EUR-USD, USD-JPY and EUR-JPY by registering at
Our comments on Dollar-Swiss, Sterling Pound and Australian Dollar are given below
-------------------------------------------------------------

USD-CHF @ 1.0889/91...Consolidating
R: 1.0919 / 1.0980 / 1.1095
S: 1.0815 / 1.0770 / 1.0696
USD moved up slightly after making a Low of 1.0841 to a High of 1.0886 and has ‘consolidated’ or traded sideways since then in a narrow range. If the strong upward momentum resumes a retest of 1.0919 and movement towards 1.0980 is expected in the coming sessions. Significant break above 1.0976 may lead us to set greater targets for the pair on the upside.

We stand by what we said in the morning about the downside view - the Resistance-turned-Support at 1.0815 is a strong floor for the coming sessions. Break of this floor though unlikely can lead to 1.0770-60 levels.


GBP-USD @ 1.6483/86...Mixed
R: 1.6500-20 / 1.6544-60 / 1.6600
S: 1.6422-6396 / 1.6359 / 1.6300
Cable rose and broke above 1.6500 during the day. But the pair failed to sustain above 1.6500 and has fallen once again below 1.6500. If the pair continues to trade lower we may see a downmove towards 1.6400-6380. A further move on the downside might see a dip towards 1.6300. As mentioned earlier 1.6300 is a significant level to watch for on the downside as the pair has not seen a break below 1.6300 since 20-Jul.

Although the pair has risen during the day, a strong move above 1.6500 was not seen. A break once again above 1.6500 and an upmove might take the pair up towards the Resistance region 1.6550-60. Note that the projected Max-Low for the day is 1.6544. Overall the pair is looking mixed now.



AUD-USD @ 0.8241/44...Extending gains
R: 0.8257 / 0.8303 / 0.8334
S: 0.8184-74 / 0.8119-11 / 0.8073
Just as expected in the morning, prices moved sharply up to 0.8259 after taking Support from 0.8174. Level 0.8174 was the upper end of the Channel in 1-hourly charts formed by joining the High of 0.8337 on 28th July and High of 0.8278 on 29th July; and taking Low of 0.8223 on 28th July for the lower end of the Channel.

0.8257 is an intermediate Resistance from where prices can retrace to 0.8210 (38.2% level of the recent up move from Low of yesterday at 0.8125 to High of today at 0.8260) before moving back up towards Resistances of 0.8303 and 0.8334. The break of Support at 0.8210, though unlikely for now can lead to 0.8190 and subsequently to 0.8119.



Happy Trading!

manila tom 12:02 GMT July 30, 2009
agree with you Mailman, going short 1.6483, stop 40 above, target 1.63xx again

Richland QC Mailman 12:01 GMT July 30, 2009
already closed for +12pips. Vision 20/20 again prior to release of news data.

Richland QC Mailman 11:51 GMT July 30, 2009
I have already removed my standing sell order for gbp/usd at 1.6515. Have shorted above 1.6490. Theory is: if this is already correcting, then it should move lower from 1.6500. Revisiting 1.6520 is a serious threat, and would mean the bulls are alive again.

HK RF@ 11:51 GMT July 30, 2009
I agree, because at that level of daily O.S situation you can only feel and hope, but when I look at the Euro I am not too encouraged, gold either does not look encouraging too.

Juffair KaL 11:50 GMT July 30, 2009
1.1 for usdcad is not impossible for today
expecting it near 1.02 in 2 weeks or so

makassar alimin 11:48 GMT July 30, 2009 Reply   
guts telling that this pair is about to make some serious journey north IMHO, hourly is so compressed into narrow range, and it has been banging its head against 50 daily ema for multiple times

Juffair KaL 11:46 GMT July 30, 2009
Longing eurusd till 1.45+ next week
would like to get 1.62 for cable
maybe next day
to keep for next week's 1.67 area
now still shorting usdcad and usdchf
gl

HK REVDAX 11:45 GMT July 30, 2009
Somehow I feel $/CAD may have a pop before a genuine reversal takes place.

HK RF@ 11:45 GMT July 30, 2009
That is normal, as that one third population is already infested with intestinal worms.

Como Perrie 11:41 GMT July 30, 2009 Reply   

The WHO chief Keiji Fukuda at a press conference in May suggested "Perhaps a third of the world's population could be infected with this virus, based on previous pandemic.

http://www.pattayadailynews.com/shownews.php?IDNEWS=0000009894

Mumbai NS 11:40 GMT July 30, 2009
Markets are gyrating in a fourth so such frustrations may continue for a more prolonged period..........further stop hunting is the latest fancy .......to sum it up it happens glgt

Richland QC Mailman 11:37 GMT July 30, 2009
Honestly this is a frustrating day technically speaking for the likes of usd/cad, cable, and eur/aud. Cable was suppose to head lower given the past 2 days but it went north instead. Usd/cad was expected to move higher - but it failed. So is eur/aud.

Como Perrie 11:36 GMT July 30, 2009
hard work, discipline and not accepting trading tips, but trust ones personal work and results

Amman wfakhoury 11:29 GMT July 30, 2009 Reply   
Como Perrie 11:02 GMT July 30, 2009
------
just tell us in what you believe.

Richland QC Mailman 11:26 GMT July 30, 2009
Euro is more confined to some range right now with 1.4090 as resistance. Owing to the eur/gbp weakness, you got a point. Sometimes if gbp is too volatile, I shift to euro. It depends how a risk-taker one can be.

makassar alimin 11:20 GMT July 30, 2009
Mailman, with a bearish tone in eurgbp, would it be better to take short position in euro instead?

Richland QC Mailman 11:17 GMT July 30, 2009
had an outstanding order again at 1.6515 just in case it goes there with -15 to 20 stops. Though by the looks of it, it is already showing signs of correction from the double top 1.6525, especially if this hour closes below 1.6500.

Belgrade AS 11:11 GMT July 30, 2009
nice start mailman...i know you fire at market,but if you had to-where would you place your orders (just aprox....need another opinion,that's all) gl+gt

Como Perrie 11:08 GMT July 30, 2009 Reply   
China issued 7.37 trillion yuan (US$1.08 trillion) of new yuan loans in the first half, up 4.9 trillion yuan from a year ago.

HK RF@ 11:04 GMT July 30, 2009 Reply   
If USD/CAD will close above yesterday HI will trigger S/L, and will have to wait some time more for a new low.

All the wizards of Asia and Europe were not able to break (up to now) the low of today, which if will give way 1.0750 will be seen again.

Como Perrie 11:02 GMT July 30, 2009
We do not believe into demo trading

Richland QC Mailman 11:02 GMT July 30, 2009
out for +24pips. Will re-enter later.

Cloud 9 Accountant 10:51 GMT July 30, 2009
what is your 5k account at now ?
and whats your win and loss rate
average profit and average loss
thanks

Como Perrie 10:48 GMT July 30, 2009 Reply   
UK output shrank 0.8pc between April and June – far worse than the average 0.3pc slump predicted by City economists. All parts of the economy – apart from the public sector – are now in recession.

This was the fifth successive quarter of GDP contraction, with output down 5.6pc since the spring of 2008 – more than double the depth of the early 1990s recession and the steepest peace-time fall since the early 1930s.

Belgrade AS 10:47 GMT July 30, 2009
go Mailman!

Amman wfakhoury 10:44 GMT July 30, 2009 Reply   
I think you are sitting on milkmaker.

London jt 10:38 GMT July 30, 2009
Your are sitting on your "profitmaker" Fakbrain....

Richland QC Mailman 10:35 GMT July 30, 2009
Just a fearless forecast - 1.6525 could already be the high before the US market opens... I am short 1.6515 with tight stops.

Amman wfakhoury 10:30 GMT July 30, 2009 Reply   
Amman wfakhoury 09:41 GMT July 30, 2009
my profitmaker says: Reply
Amman wfakhoury 09:29 GMT July 30, 2009
profitmaker syas: Reply
Amman wfakhoury 09:16 GMT July 30, 2009
16528 level: Reply
gbp.usd may touch level 16528

-------
will touch again level 16501 and may continue till 16528

first part touch again level 16501 done
second part well done too.
have a nice day ..bye

Gen dk 10:19 GMT July 30, 2009 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Como Perrie 10:17 GMT July 30, 2009 Reply   
am just reading NDRC printing that inflation pressures are high in China... as I see Its Jpy repat this one

Como Perrie 10:06 GMT July 30, 2009 Reply   
The organisation expects £1.5bn of consumer debt across Europe will not be repaid, much of it in Britain which has the highest number of credit card borrowers on the continent.

http://www.telegraph.co.uk/finance/personalfinance/borrowing/credit
cards/5914853/Credit-card-crisis-to-grip-Britain-IMF-warns.html

Como Perrie 10:04 GMT July 30, 2009 Reply   
The political landscape will be shaped by the debate on public spending as Labour and the Tories set out plans to tackle the national debt.

Lord Mandelson said the Government would be "vindicated" for the tough choices it had already made to tackle the recession.

The "savageness" and duration of the recession would be far worse under Tory plans to cut spending, he claimed in an interview for BBC2's Newsnight.

http://www.telegraph.co.uk/finance/5928779/Public-spending-must-be-put-on-hold-says-Lord-Mandelson.html

Como Perrie 09:55 GMT July 30, 2009 Reply   
Profits in oil and gas production were down 77 per cent at $1.3bn, while the downstream division, including refineries and chemical production, moved from a $933m profit to a $273m loss.

The Canadian oil sands business returned to profit, after losing money in the first quarter, but its earnings were just $50m, down from $351m in the second quarter of 2008.

http://www.ft.com/cms/s/0/57bc4de2-7cdc-11de-9f29-00144feabdc0.html?nclick_check=1

Amman wfakhoury 09:41 GMT July 30, 2009 Reply   
Amman wfakhoury 09:29 GMT July 30, 2009
profitmaker syas: Reply
Amman wfakhoury 09:16 GMT July 30, 2009
16528 level: Reply
gbp.usd may touch level 16528

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will touch again level 16501 and may continue till 16528

first part touch again level 16501 done

GVI Forex john 09:40 GMT July 30, 2009

Click on Hyperlinks below for Updated Charts

Juffair KaL 09:39 GMT July 30, 2009 Reply   
Buying EURUSD on dips
for next week's 1.46 area
Selling USDCHF and USDCAD
while still keeping USDJPY Longs

General Trend
Buy EURUSD 1.4404 1.4048
Buy USDJPY 96.7884 94.3694
Buy GBPUSD 1.6714 1.6199
Sell USDCHF 1.0843 1.0584
Hold EURCHF 1.5310 1.5183
Buy AUDUSD 0.8299 0.8107
Sell USDCAD 1.0848 1.0456
Buy NZDUSD 0.6685 0.6492
Buy EURGBP 0.8850 0.8442
Buy EURJPY 138.4030 133.6377
Buy GBPJPY 160.7409 153.8133
Buy CHFJPY 90.6030 87.7768

Amman wfakhoury 09:29 GMT July 30, 2009 Reply   
Amman wfakhoury 09:16 GMT July 30, 2009
16528 level: Reply
gbp.usd may touch level 16528

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will touch again level 16501 and may continue till 16528

Belgrade AS 09:29 GMT July 30, 2009
well , i guess we all will have to wait for americans to wake up,establish todays high , test it (meybe even re-test it) and then we'll board

Amman wfakhoury 09:16 GMT July 30, 2009 Reply   
gbp.usd may touch level 16528

Tnilisi Haan 09:15 GMT July 30, 2009
besides euro/pound is just above a serious support at 8514-8511. could be bought here with a stop below. taking into account oversold intraday charts it could work. at least r/r is ok

Tbilisi Haan 09:11 GMT July 30, 2009
those who bought cable today shud close their longs somewhere near 16565. think better to sell there with a stop above 16585

tokyo ginko 09:07 GMT July 30, 2009 Reply   
Sell GBP/USD
Entry: 1.6517 Target: Stop:

intraday trade

Amman wfakhoury 08:53 GMT July 30, 2009 Reply   
we missed London Gooner since long time , hope he is well.

London st 08:41 GMT July 30, 2009
I am sure all traders on this forum know you are a fake WFAK end of story...

Amman wfakhoury 08:39 GMT July 30, 2009 Reply   
mumbai dgt 08:09 GMT July 30, 2009
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msg reached to all traders in the forum from your first post that you are censored , dont waist there time with more silly posts.

Mumbai NS 08:38 GMT July 30, 2009
Don't worry u have company cheers glgt

Belgrade AS 08:37 GMT July 30, 2009 Reply   
Mailman , guess we are not the only souls thinking south here...

Amman wfakhoury 08:31 GMT July 30, 2009 Reply   
Amman wfakhoury 07:42 GMT July 30, 2009
1.6430 will be touched again: Reply
Gbp.usd will touch again level 16430

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price still not ready to go there.

mumbai dgt 08:09 GMT July 30, 2009
Yes Fakhead,,,,you will be well done on both sides,,,

Amman wfakhoury 08:08 GMT July 30, 2009 Reply   
Amman wfakhoury 07:55 GMT July 30, 2009
16477 level: Reply
Amman wfakhoury 07:45 GMT July 30, 2009
16477 will be touched again: Reply
gbpusd will touch again level 16477 and may continue till
16500
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both parts are well done

Lahore FM 08:05 GMT July 30, 2009
Rev,below 1.0830 jeopardizes bullish view.vies is originally bullish.in case of faiure 1.0700 first.

Amman wfakhoury 07:55 GMT July 30, 2009 Reply   
Amman wfakhoury 07:45 GMT July 30, 2009
16477 will be touched again: Reply
gbpusd will touch again level 16477 and may continue till
16500

======
first part done.

Mumbai dgt 07:45 GMT July 30, 2009
There are a couple of unhappy customers who would like to touch you ..again and again....to give you what we term some "backwardation"...it will only hurt a little bit Fakhead....at the beginning.....

Amman wfakhoury 07:45 GMT July 30, 2009 Reply   
gbpusd will touch again level 16477 and may continue till
16500

Amman wfakhoury 07:42 GMT July 30, 2009 Reply   
Gbp.usd will touch again level 16430

Belgrade AS 07:29 GMT July 30, 2009
my two sorry shorts from tuesday morning stoped out on 1,6490 . 200 pips cumulative profit...pretty lame for my only trade this week , i know...things will be better

HK REVDAX 07:25 GMT July 30, 2009
FM//Any idea on $/CAD? tks

makati mike 07:22 GMT July 30, 2009
with gbpjpy still very strong on the hourly, cable has still more room upwards

makati makati 07:20 GMT July 30, 2009
can possibly approacc 1.6544 trendline resistance drawn from June 30 high.

makati makati 07:20 GMT July 30, 2009
can possibly approacc 1.6544 trendline resistance drawn from June 30 high.

makati mike 07:17 GMT July 30, 2009 Reply   
gbpusd too far from daily pivot point to sell, fwiw

singapore td 07:16 GMT July 30, 2009
have to leave now guys, will be back later NY time, stop on gbpusd long at BE now 1.6428

Richland QC Mailman 07:11 GMT July 30, 2009
cable not yet off the woods. 1.6480 possible key reversal. This market is really tricky.

singapore td 07:02 GMT July 30, 2009
agree FM, cable is completely turning around the bearish tone yesterday

Belgrade AS 07:02 GMT July 30, 2009 Reply   
Sell gbp
Entry: Target: Stop:

hi. 1,6465/85 area seems perfect to board the train south.unlike yesterday,i will not try to jump on moving trains today. i'll let market action make some nice formation in that area (on hourly) and then i'll take a stance. 1/2 will take 30/40 and the other 2/2 will have stops that far back with open target.will post every action taken. gl+gt

lugano fc 06:55 GMT July 30, 2009 Reply   
Sell eurusd
Entry: 1.4085 Target: 1.36/37 Stop: 1.4135

at 1.3975 will put stop at 1.4040

Lahore FM 06:54 GMT July 30, 2009
gbpusd is off to a very resonable start on the next leg up.

HK REVDAX 06:41 GMT July 30, 2009 Reply   
buy euro at mkt stop 1.4046 target 1.4106.

Richland QC Mailman 06:40 GMT July 30, 2009
stopped out on gbp/usd shorts. Reinstated new shorts at 1.6440

singapore td 06:35 GMT July 30, 2009
Buy gbpusd
Entry: 1.6428 Target: later Stop: later

first entry at 1.6428, looking to add later, stop after second addition

GENEVA DS 06:31 GMT July 30, 2009 Reply   
Syd 01:23 GMT July 30, 2009
$: Reply
IMF says the dollar's role is "very far" from being threatened, the SDR is not a replacement

This is the sort of message, which could be the VERY starting point for the opposite... IMF is not deciding, what the market has decided, they give no guarantees... we are still waiting for the US to abandon the ,STONG USD-Policy..., watch out guys...

this is not a short term trading advice....lol... have fun all...

singapore td 06:20 GMT July 30, 2009 Reply   
back to selling usd it seems today, looking to go long gbp later

Syd 06:16 GMT July 30, 2009 Reply   
http://www.cnbc.com/id/15840232?video=1198896730&play=1

Cairo hesham 05:56 GMT July 30, 2009
To Viet Nam: Well done

BAHRAIN BAH1 05:46 GMT July 30, 2009 Reply   
Hi Frnds...any one facing problem logining to the global-view FXTrek charts pls. thanks.

Viet Nam Forex Begin 05:34 GMT July 30, 2009 Reply   
Buy GBP/USD
Entry: 1.6400 Target: 1.6430 Stop: 1.6370

Thursday, 30 July 2009 05:35 GMT

Richland QC Mailman 05:31 GMT July 30, 2009
seems so far. I have liquidated 2 gbp/usd short possies with very minimal gains, then re-entered again on 1.6404 with tight stops. This level is the central pivot of the day, 200ema on 15" and diagonal resistance level too.

Amman wfakhoury 05:13 GMT July 30, 2009 Reply   
Richland QC Mailman 03:47 GMT July 30, 2009
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seems we are going up

Richland QC Mailman 03:47 GMT July 30, 2009 Reply   
For those with a keen eye, please take a look at the hourly chart... h&s pattern with a speculative break of 1.6330 can do wonders to those who have sold at 1.6400 central pivot.

Hong Kong Qindex 03:28 GMT July 30, 2009
Sell Gold
Entry: Target: Stop:

Gold : The market is under pressure when it is below the weekly cycle's critical level at 936.0. The market is going to test the supporting strength of the monthly cycle's critical level at 914.5 - 920.2.

Richland QC Mailman 03:11 GMT July 30, 2009
I actually opened new longs on the dip to 1.7174. Just trying to accumulate small gradually.

Richland QC Mailman 03:06 GMT July 30, 2009
welcome LC. We have to see 1.7235 again to relieve this bear power. I do not like the candle formation on the hourly. Only when we see that price level again, and violated, can we feel better.

Amman wfakhoury 02:54 GMT July 30, 2009 Reply   
Amman wfakhoury 19:20 GMT July 29, 2009
take profit level changed: Reply
Amman wfakhoury 16:33 GMT July 29, 2009
eurusd: Reply
Buy around 14020 tp 14110.
buy another at 13940 if decline b4 tp , then exit both at 14020.
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pls change tp to read 14065

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well done

San Diego LC 02:50 GMT July 30, 2009
Thanks for the input, Mailman. Helpful.

Richland QC Mailman 02:15 GMT July 30, 2009
Yup Dr. Q, crazy things happen here. No surprises. lol

Hong Kong Qindex 02:05 GMT July 30, 2009
Hang Seng Index : We have seen the monthly cycle high on Tuesday.


07/26/2009 15:25:36 Qindex Hong Kong 2057

Hang Seng Index
Entry: Target: Stop:
Hang Seng Index : Resistance at 21422


As shown in the monthly cycle frequency chart the energy gap between the level at 19390 and 21635 is big. Therefore greater effort is required for the market to move towards 21635. The current expected trading range from the reference cycle is 19011 – 21422. It is likely that the market will consolidate between 19390 – 21422 for the time being. The odds are in favor of taking a short position when the market is trading below the weekly cycle matrix at 20040 – 20290 – 20751.


HSI : Monthly Cycle Charts
http://www.qindex.com/hsi.html

HK REVDAX 02:00 GMT July 30, 2009
Qindex//Why is the HK mkt correcting so badly? So are the mkts inside the mainland too? Is it due to the US again?

Hong Kong Qindex 01:51 GMT July 30, 2009
EUR/AUD
Entry: Target: Stop:

Richland QC Mailman 01:16 GMT : EUR/AUD : At the end of July my system will generate a new projected profile for EUR/AUD. We have 2 more days to go and anything can happen.

Richland QC Mailman 01:50 GMT July 30, 2009
by the way, your 1.7150 is a very good long position.

Richland QC Mailman 01:45 GMT July 30, 2009
Hi LC. It depends on your trading style. You may want to liquidate partial positions at immediate resistance at 1.7270-80, while let the rest run onto 1.7350. But if you are a more conservative trader, 1.7235 can be the nearest profit-taking point. It is your call.

So far the pair has conquered past the day's central pivot at 1.7195. We need to see how 1.7235 will behave next.

HK REVDAX 01:40 GMT July 30, 2009 Reply   
There is no Today's Special on my menu today. However, a look at the cycles seems to have suggested that US$ is going to have one more pop before retreating, whatever it means to various pairs...imo

San Diego LC 01:35 GMT July 30, 2009
I'm long EUR/AUD also, from 1.7150. I moved my stop up to B/E on the spike to 1.7287. What is your target? I'm of two minds (as usual) on this one -- can't decide if I want to take profits at similar levels if seen soon, or to hold out for higher, anticipating that the recent lows turn out to be a double bottom with the June lows.

Syd 01:23 GMT July 30, 2009 Reply   
IMF says the dollar's role is "very far" from being threatened, the SDR is not a replacement

Richland QC Mailman 01:16 GMT July 30, 2009 Reply   
Hi Dr. Q. Good morning here in Asia. With reference to your charting points, I think the pair is forming a base 1.7170-1.7210. The more it gets firmer, the more it is logical to build those long positions... I am still holding overnight my long possies just above 1.7180 with stops of 1.7160.

Syd 00:57 GMT July 30, 2009 Reply   
Australian Prime Minister Kevin Rudd warned Thursday that unemployment levels will continue to rise for "some time to come" as the global downturn continues to weigh on the domestic economy.

HK RF@ 00:56 GMT July 30, 2009 Reply   
We have already four days closing below the line connecting the lows of 24/sep/2008 and 31/May/2009.

Y.day price only popped up above this line but the close was below.

This is my 1cent T.A notice.

Richland QC Mailman 00:27 GMT July 30, 2009
Sell gbp/usd
Entry: 1.6402 Target: open for now Stop: 1.6425

Just pulled the trigger.