Forex Forum Archive for 06/02/2012

Ormond Beach, FL AG 23:48 GMT June 2, 2012 Reply   
Buy USDJPY
Entry: Target: Stop:

Wont be surprised by stealth intervention at the start of the week tomorrow by BOJ. Any thoughts? Thanks.

GVI Forex john bland 21:21 GMT June 2, 2012
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GVI Forex john bland 20:50 GMT June 2, 2012 Reply   
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Cambridge Joe 17:49 GMT June 2, 2012 Reply   
Back from the West country now and the place is awash with flags, bunting and an atmosphere of excitement.

Is our system perfect? No, for sure, but apart from an unmolested Tibet, I challenge you to show me a better system in the world today.

http://www.direct.gov.uk/en/Nl1/Newsroom/Features/DG_WP200687

God Bless the Queen !

Chicago AC 17:05 GMT June 2, 2012
Hi BLR Virgoan ... nice to have ya back!
Looking forward to your trades!

BTW - what happened to your last trade posted here?
Did that go bad?
If I remember well that was long EURD and Gold.
Why was it that you suddenly stopped posting????

But anyway looking forward to your posts!

Mtl JP 13:29 GMT June 2, 2012
released over night:

China PMI 50.4 (vs 56.1 last )
China HSBC PMI 48.4 (vs 49.3 last)

GVI Forex Jay Meisler 12:41 GMT June 2, 2012 Reply   
For those who did not get our email, this month's newsletter, it is worth a read:

Thoughts From the Forex Trenches

BLR Virgoan 08:10 GMT June 2, 2012 Reply   
Cheers to my fellow boarders. I am back in action after an extented period of Sabatical.

Dow jones- After a period of consolidation has strongly entered a bear phase which can push it down all the way to 11,550 if minor resistance at 11,850 is broken. To me seriously the only hope on the downside is at 11,150 failing which 52 week low of 10,400 odd level would only be a matter of time. Any how the chart part looks extremely terrible and fundamentally there is no positive news flow to support the charts. My call would be to sell with an immediate target of 11,850-11,550.

Gold- In the current uncertain environment , buying gold would be the best bet. Funds would definitely be pumped into ignored asset classes in this environment. The best asset class that comes quickly to my mind is the yellow metal. Crossing resistance levels at 1630-1650 would take it to 1680 and 1710. There is still quite a bit of money to be made. I am personally looking at a target of 1800 on gold in the next couple of months time.

Happy weekend

ed kw 07:27 GMT June 2, 2012 Reply   
long/ /short
XAU/USD 80.13% 19.87%
AUD/USD 76.13% 23.87%
USD/JPY 75.81% 24.19%
GBP/USD 59.48% 40.52%
EUR/USD 52.35% 47.65%
USD/CHF 45.68% 54.32%
USD/CAD 31.12% 68.88%
Jun 2, 2012 01:00 MD
open position ratios provided by censored

Paris ib 05:40 GMT June 2, 2012 Reply   
"Many informed observers believe that the reason Washington has not prosecuted the banksters for their known financial crimes is that the banksters serve as an auxiliary to Washington by protecting the value of the dollar by shorting bullion and rival currencies."

Bet on Collapse

Dillon AL 05:05 GMT June 2, 2012
Weekly setup videos for the EUR/USD and GBP/USD

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