KL KL 23:51 GMT May 24, 2012
wow that was a quick nice 80-90 pips profit 1/2 out at 1556.20....
Seems like Gold have highjacked Forex forum....LOL apologies...
KL KL 23:46 GMT May 24, 2012
ok
Long gold 1555.3...can cover some near 1556.3...keep adding lower....I think nice spot to ninja trade for 5 -6 hours long then short until end of month.
Suprise no mention of Iran and North Korea....or Isreal...this is a SHAM with Gold Bugs.....or is it the Media Gold Bugs turn anti-gold bug??
GVI Forex john bland 23:35 GMT May 24, 2012
Japan CPI a touch higher than expected...
GVI Forex john bland 23:30 GMT May 24, 2012
-- ALERT --
Japan April 2012 Data
CPI (yy)
National: +0.4% vs. +0.40% exp. vs. +0.50% prev
Core: +0.2% vs. +0.10% exp. vs. +0.20% prev.
TTN: Live News Special Offer
GVI Forex john bland 23:16 GMT May 24, 2012
Reply
May 24, 2012 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, May 25, 2012.
Updated: Trading Events Calendar:
- Far East: JP- CPI.
- Europe: No Major Data.
- North America: US- University of Michigan Sentiment.
hk ab 22:07 GMT May 24, 2012
Reply
wow, everything back to pre US open level, ugly 4hr charts.....
anyway, they finally can't touch the WIDE stop 1666....
le't how far they can dip today.
KL KL 21:12 GMT May 24, 2012
cb
At the end of the day I blame the Accountants and the Financial genius where 1 + 1 = whatever you want it to be. Add that to SEC, regulators who are greased by these firms...Good Luck World....its a Ponzi in any language!! Accounting is a SHAM anyway. Booking future profit, Mark to market...... Wish I can Book my future profit for my house in 2030 for $10 Million and enjoy my life now...
KL KL 20:46 GMT May 24, 2012
Reply
I think Market up because SEC investigation says Lehman Collapse is no Fraud.......ha ha ha ha ha
After $14 Trillions + Euro maybe $6 Trillions wasted ..... the source of the problem conducted their Business in Legit manner....wink wink nudge nudge..... Business as usual...like after Flash Crash...
Just Lie to Public citizen that something is being done ...while the entire Financial systems is on the Verge of Collapse.....Sell the Rally!!! Wonder if these people(SEC, CB, Govt) can handle a Chook Raffle!...LOL
GVI Forex Blog 20:39 GMT May 24, 2012
Reply
AUD and NZD Outlooks: There is little economic data of note globally during the day ahead. Barring headline surprises, markets are likely to remain on the defensive.
Forex - Westpac Morning Report
msa nsm 20:31 GMT May 24, 2012
here's maybe the fundaments to back the signal
"Many central banks around the world continued to add to their gold holdings in recent months, according to data from the International Monetary Fund (IMF).
The largest increase was by the Philippines, which raised its gold holdings by 1.03 million ounces to 6.245 million in March. This represented the biggest reported increase in a nation’s gold reserves since Mexico purchased 2.5 million ounces in March of 2011. Furthermore, it marked the seventh consecutive month in which The Philippines added to its gold reserves.
Mexico was the second largest buyer of gold in April, as it purchased 94,000 ounces to bring its total to 4.04 million.
Other substantial purchases were made by Turkey, Kazakhstan, Ukraine, and Sri Lanka.
Notably, the countries that have added the most to their gold reserves in recent years have relatively small economies and have not engaged in unprecedented quantitative easing measures. This suggests that these nations are seeking to protect themselves from the rampant currency debasement being implemented by the likes of the Federal Reserve, European Central Bank (ECB), Bank of England, and Bank of Japan.
The IMF data should “gather much attention from market participants…[and] should somewhat help sentiment for gold,” according to UBS precious metals analyst Edel Tully.
Last year, central banks added 456.4 tons of gold – the largest amount in nearly 50 years – and are expected to buy as much as 400 tons in 2012, according to the World Gold Council."
"CME NEWS
Surprisingly gold clawed out some modest gains overnight and it managed that action in the face of weak data from several different regions. In fact, the UK data confirmed a return to recession, Chinese manufacturing data posted a 7 straight month of contraction and the Euro zone also chimed in with soft May Manufacturing PMI readings.
With a weaker Euro mixed to lower equities and gains in metals prices, one could suggest that the markets might be anticipating some type of coordinated easing action. It would seem like the Chinese are already reacting with an announcement overnight of 66 billion yuan allotment for public rental housing construction projects. However, ideas that gold is finding some lift from easing hopes could be put to the test this morning in the wake of a series of critical US scheduled data points, especially since that data is expected to come in on the weak side of unchanged. It is also possible that gold is finding some footing off a growing view that a Greek exit from the Euro zone could be an orderly event. In fact, the Fed's Bullard suggested last night that an orderly Greek exit was possible. Some traders expect to see some increased volatility in gold prices today due to option settlement, while others think that the primary driving force for prices will continue to be the Greece situation.
Chinese shares were under pressure again overnight with more evidence of an extending slowing pattern in Chinese manufacturing seen in the headlines. European equity markets were also showing renewed weakness early this morning in the wake of softer data and that has increased uncertainty and anxiety in that region. However, the European stocks did manage a recovery and that seemed to suggest that some easing effort might be forth coming from the ECB. There also seems to be a growing sense in the markets that a Greek exit from the Euro zone might not be a total disaster, but seeing a distinct softening of the Euro zone economy probably keeps a moderate amount of concern in place. The US report slate today is somewhat active with Durable goods and claims likely to give the trade a minor view on the direction of the US economy. Initial expectations call for a minor dip in durable goods and virtually no change in the weekly claims data."
msa nsm 20:26 GMT May 24, 2012
e/u buy signal hasn't given a go but gold still telling me its a strong buy so still holding the 1560 long with a protective sl...safe trades. off to bed
GVI Forex john bland 20:24 GMT May 24, 2012
-
Key
Items: JP- CPI. US- University of Michigan Survey,
-
The
EURUSD remains in a major downtrend, although Thursday saw a sharp
correction in an oversold market.
-
The
trigger for the correction Thursday was rumors about possible action
by the Swiss to support the EUR vs. the CHF.
-
E-Z
flash PMI data Thursday were weaker than expected and reinforced
concerns about a slowing European economy. German IFO data were disappointing
as well.
-
The
flash Chinese HSBC PMI was also disappointing. These private data have
been diverging from the official report.
-
The 10-yr bund
is 1.39%, +1 bp. The key EURUSD 20-day average is 1.2954.The EURUSD
is mixed to lower. Key European bourses ended mostly higher. The U.S. 10-yr is
1.76%, +4 bp.
-
Key Asian
bourses closed mixed to lower. The USDJPY is steady The 10-yr JGB was 0.87%,
0 bp.
The key
USDJPY 20-day average is 79.91. EURJPY 20-day average
is 103.53. EURJPY is weaker.
Your thoughts, comments questions, additions, etc, needed and greatly appreciated!
Syd 20:14 GMT May 24, 2012
Reply
While US banks have been busy refocusing their "creative financial products"-time over the past two months, instead defending against allegations of muppetism, or explaining how hedging is really betting it all on red, and then doubling down (just because the casino supposedly has the bank's back),
LINK
Syd 20:02 GMT May 24, 2012
Reply
90-Year-Old Mother And 60-Year-Old Son Leap To Their Deaths Amid Financial Despair
businessinsider
GVI Forex john bland 19:43 GMT May 24, 2012
Reply
UPDATED. Global-View Free FX Database. High-Low-Close data for over a dozen currency pairs for well over a decade of
data in Excel spreadsheet format.
HYDERABAD krishna 19:40 GMT May 24, 2012
is it headed towards 1.2489 or 1.2603 sir. trying to grab knowledge from the forum
Dallas Mauricio 19:37 GMT May 24, 2012
I'm long @ 1.2526. TP 1.2603 SL 1.2489
dc CB 19:34 GMT May 24, 2012
Reply
time for the jam .
Wonder how Cash stox will handle tomorrow, low volume early departures for the 3 Day Weekend. Oh yeh, forgot HFT/Algos don't have to drive out to the Hamptons, they never leave the NJ warehouse.
Speaking of:
The Financial Times reports, the Oslo Stock Exchange will issue punitive changes to traders if they send too many orders into the exchange that do not result in deals being done.
This first-of-its-kind crackdown on 'Quote Stuffing' comes after the exchange has seen a surge in the number of orders flooding its systems and while the bourse does not quite go so far as to say HFT is "in itself necessarily negative for the market", it says the placement and cancellation frequency of trades has reduced the efficiency of its market.
Oslo Stock Exchange Fights Back Against HFT And Quote Stuffing
Mtl JP 19:27 GMT May 24, 2012
john bland 19:13 re Odds that a caretaker government would make such a major decision strike us as long
au contraire !
an edict - such as a bank holiday - (not talking about some nice holiday in the Greek sunshine) where the plebs get frozen out of their remaining assets and which are further stripped of value (for all sorts reasons) by a caretaker type govt is probably what is being planned by the type of European princes that I know.
Boston BR 19:18 GMT May 24, 2012
No chance until the election but good information as it keeps EUR under pressure next week as if it needs a fresh reason.
GVI Forex john bland 19:13 GMT May 24, 2012
Greece exit rumor making the rounds for June 2-3 weekend following a research report from Bank of Tokyo Mitsubishi.
We heard rumors about that weekend (Greek and UK holidays) about a week ago. Odds that a caretaker government would make such a major decision strike us as long.
Chicago tt 19:13 GMT May 24, 2012
Anyone else short? Not too many calls on it lately??
GVI Forex Blog 18:50 GMT May 24, 2012
Reply
18:50 GMT (Global-View.com) May 24- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is ending Thursday in North America at .5424, -0.22% from its Wednesday close (+0.82% vs. end-2010).
Global-View D.O.G. Index May 24, 2012 U.S. Close
GVI Forex john bland 18:48 GMT May 24, 2012
Reply
18:50 GMT (Global-View.com) May 24- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index
is ending Thursday in North America at .5424, -0.22% from its Wednesday close (+0.82% vs. end-2010).
As for its key subcomponents, the USD forex purchasing power index is .7995, +0.01 (+2.74% vs. end-2010). The forex
index is value is calculated against the top six trading currencies.
Against gold, the USD purchasing power index is worth .1834, -0.54% (-9.59% end-2010).
Against crude, it is at 0.4892, -1.12% (+0.32% vs. end-2010). The D.O.G. Index base is 1.00. It is measured against
levels from the start of 1999, as of the initial launch of the euro (currency).
D.O.G. Homepage
Chicago tt 18:37 GMT May 24, 2012
It is a matter of when not if 1.25 trades unless one of those invisible goalies appear
GVI Forex john bland 18:08 GMT May 24, 2012
Reply
Latest Poll
85% favor Eur 12% oppose it
Sryiza Party (far left) 30%
New Democratic Party 26%
Pask Party 15%
Central Kwun 17:43 GMT May 24, 2012
sleep, get my money tomorrow money, good night, but play safe, also set S/L 1550
Central Kwun 17:41 GMT May 24, 2012
since RSI is oversold, then add 1/4 order at 1558
Central Kwun 17:38 GMT May 24, 2012
XYZ them, avengers! place limit order at 1555, TP 1572, SL 1545, catch me if you can
houston st 17:37 GMT May 24, 2012
EUR/USD couldn't maintain the 1.2603 level and has rotated back near the lower pivot zone support..still a chance for a new LOD from here just think we'll continue to chop around in the NY session range for now.
Central Kwun 17:36 GMT May 24, 2012
censored, really hit my S/L, don't play with them
Chen gret 17:34 GMT May 24, 2012
Kwun: have you bought gold ?
Central Kwun 17:31 GMT May 24, 2012
haha, still safe my s/l
Central Kwun 17:25 GMT May 24, 2012
censored it, come one, don't play me
Central Kwun 17:22 GMT May 24, 2012
I don't believe GVI effect, last 1/2 order at 1662. S/L all at 1657
nyc ws 16:51 GMT May 24, 2012
It feels like a Friday
msa nsm 16:37 GMT May 24, 2012
will update in the next 1.5hrs, lets see how the market goes, currently tackling 61.8
Central Kwun 16:20 GMT May 24, 2012
Long 1/2 order at 1566
msa nsm 16:12 GMT May 24, 2012
kwun, i'm long from 1555 (apart from my very long term longs) and funny enough i was psychologically not willing to post coz of the "GVI effect" but its all in the head. like now i got the initial long signal at 1560 and it confirmed just some minutes ago, if stopped technically it will be my system drawback.
Getting a near green on eur/usd impulsive buy to...not confirmed though but intraday the signal was at 1.2560.
msa nsm 16:07 GMT May 24, 2012
we need to break 1574 to move up...next key resistant is 1621..lets see how it plays out
Central Kwun 16:01 GMT May 24, 2012
GVI effect again? Some one see my post? FM, you are still bearish on Gold?
msa nsm 16:00 GMT May 24, 2012
Fm, thanks mate :) , learning from the best implying FM and KB. safe trades
Lahore FM 15:59 GMT May 24, 2012
nsm here a test of 1559 and 1563 windwo looks likely and a rebound from there may take it higher.if no rebound then new low below recent lows.
Lahore FM 15:56 GMT May 24, 2012
nsm big congrats on your gbpusd trade~!
well played!
Central Kwun 15:55 GMT May 24, 2012
Buy Gold at 1570
msa nsm 15:54 GMT May 24, 2012
got a strong buy signal on gold, the last time this happened was in 16th and we rose over $50, lets see, hope it won't be affected by "gvi big boyz"
Lahore FM 15:34 GMT May 24, 2012
that was me posting
Lahore 15:34 GMT May 24, 2012
Reply
Buy GBPAUD
Entry: 1.6069 Target: 1.70 Stop: 1.5880
long here.
GVI Forex john bland 15:08 GMT May 24, 2012
Reply
May 24, 2012 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, May 25, 2012.
Updated: Trading Events Calendar:
- Far East: JP- CPI.
- Europe: No Major Data.
- North America: US- University of Michigan Sentiment.
houston st 14:45 GMT May 24, 2012
EUR/USD intraday chart..price has actually moved above the 50% intraday balance point a few times here in NY, and looks to be gaining a bit of momentum...1.2603 is still my line in the sand here intraday, fwiw.
GVI Forex john bland 14:30 GMT May 24, 2012
-- ALERT --
U.S. Weekly Natural Gas Inventories (bcf)
+77 vs. +78 exp. vs. +61 prev.
TTN: Live News Special Offer
SaaR KaL 14:23 GMT May 24, 2012
AUDUSD Shorts Coming up
0.9869 0.9510
0.9859 0.9513
0.9850 0.9517
Should it Within a Month
hk ab 14:11 GMT May 24, 2012
Reply
looks like a 1.30 floor...
Lahore FM 14:00 GMT May 24, 2012
piled on some more with 1.2007 as sl
GVI Forex john bland 13:47 GMT May 24, 2012
-- CHF Today --
We are trying to piece together the Swiss story today. There were rumors earlier (still unconfirmed) that the Swiss are preparing to impose negative interest rates on deposits. Goal would be to drive foreigners out of the unit. The Swiss 2-yr yields have been running negative by a handful of bps for a while.
Chatter also about possible forex intervention. We would like confirmation from anybody who might know. Concern was that the EURCHF 1.20 floor was not going to hold with the EURUSD falling.
Any help would be appreciated!
GVI Forex john bland 13:34 GMT May 24, 2012
March 30 was the last time EURCHF was above 1.2050.
Lahore FM 13:31 GMT May 24, 2012
Reply
sl now to entry 50 pips below from current.
GVI Forex Alert 13:13 GMT May 24, 2012
-- Market-Update --
Rumors of a tax on CHF deposits has sent the CHF lower both vs the USD and on its crosses, offsets giving EURUSD a lift along with other currencies
Zurich EG 13:05 GMT May 24, 2012
Reply
Intervention? SNB no comment
GVI Forex john bland 13:00 GMT May 24, 2012
Reply
flash reading 53.9 vs. 56.0 Markit
GVI Forex john bland 12:49 GMT May 24, 2012
U.S. Weekly jobs steady and in line with expectations...
Click on chart for seven-year history
van Gecko 12:43 GMT May 24, 2012
Her majesty stalling in-front of 1.56 on her "Merry Go South" journey with cousin Eurlow..
Another 500+ Sell..n..Snooze Cheerios pips for Svejk's SOB'ers :)
will re-load on blips to 1.5850~1.5900 SOB zone from here..
hk ab 12:33 GMT May 24, 2012
Reply
sell again.... 1565 same stop 1666 catch me if you can.
GVI Forex john bland 12:32 GMT May 24, 2012
-- ALERT --
U.S. Weekly Jobless
Initial Claims (000)
370K vs. 372K exp. vs. 372Kr prev.
Continued Claims (mln)
3.260 vs. 3.200 exp. vs. 3.289r prev.
U.S. Durable Goods Orders April 2012
Headline: +0.2% vs. +0.50% exp. vs. -3.7% rprev.
Ex- Trans: -0.6% vs. +1.00% exp. vs. -0.80%r prev.
TTN: Live News Special Offer
GVI Forex john bland 12:25 GMT May 24, 2012
DAX +33
futures:
DJ +22
SP +3
correlation trade still working
SaaR KaL 12:23 GMT May 24, 2012
gold south again
will short
1,576.17
1,572.58
1,569.44
SaaR KaL 12:20 GMT May 24, 2012
eurusd will be luck if touches 1.2640 today
heading to 1.2150 before some recovery to 1.25 maybe
Cable also lucky if touches 1.5730 today
might even see 1.51
Beijing Laowen 11:59 GMT May 24, 2012
Cannot rule out 1.2046 and 1.1650 as the mid-term target as they are the daily and weekly down move channel bottoms.
HYDERABAD krishna 11:44 GMT May 24, 2012
so the eur/usd is headed towards 1.2606. right sir
houston st 11:32 GMT May 24, 2012
crude intraday chart...based on last nite's close I was expecting us to target $89.01 today...that level is still valid but the longer price stays above the 50% balance point ($90.44), the less likely that will happen...use the normal guidedogs for intraday bias (brent/euro/refined products).
houston st 11:32 GMT May 24, 2012
EUR/USD intraday chart...price has stalled within the intraday lower pivot zone support and has been rotating back towards the 50% balance point (1.2603), albeit w/ some diminished momentum for now...short of a headline or other catalyst we may continue to rotate within the bottom half of today's range...1.2511 LOD is close enough to my weekly target to consider the weekly move complete, fwiw...a move above 1.2603 w/ authority puts the upper pivot zone resistance back in play for Thursday.
houston st 11:31 GMT May 24, 2012
EUR/USD daily chart...the overnight low was 1.2515 - close enough for my tastes here to the weekly target of 1.2504, so unless we get another leg down I'm considering the weekly target met...price needs to start rotating back above the weekly lower pivot zone here (1.2612) over the next couple of days, otherwise we may continue to some additional weakness...a close this Friday below 1.2504 sets us up for another potential chase lower into next week.
GVI Forex 11:21 GMT May 24, 2012
Reply
The euro hit a near two-year low against the dollar on Thursday after dire German economic data suggested no country in the region was immune from crisis, alarming investors already fretting over the risk that Greece will leave the euro zone.
FOREX NEWS - Euro weak near 2-yr lows on dire German data
hk ab 10:59 GMT May 24, 2012
Reply
see if it can reach the ultrawide stop for the rest 1/4 at 1666....
hk ab 10:47 GMT May 24, 2012
Reply
every time stop on gvi is to be run!...
LOL
evil telling me to short now..... shall I?
GVI Forex Jay Meisler 10:45 GMT May 24, 2012
Reply
10:40 GMT (Global-View.com) May 24 -
Jay Meisler's Daily Forex Weathermap - EURUSD (current rate 1.2575)
Clouds continue to hang over the EURUSD although the pause above 1.25 suggests some defense of this key psychological level. The only case that can be made for the EURUSD is the extreme short positioning and risk of some book squaring ahead of the long US Memorial Day weekend.
Jay Meisler's Daily Forex Weathermap - EURUSD
Plovdiv Gotin 10:30 GMT May 24, 2012
EURUSD
Entry: Target: Stop:
Somebody look to 1.1640.There are indications.
Syd 10:30 GMT May 24, 2012
Reply
(EU) ECB's Nowotny: ECB has not used its whole arsenal more than just interest rates and liquidity; Reiterates that non-standard ECB measures should not endanger mid-term price stability
- Will not pre-commit on future measures
- Joint Eurozone debt issues is for finance ministers to discuss, not the ECB
- Situation in Greece is particularly acute; overcoming imbalances is essential but will take time
- Perhaps too much has been said on Greece; debate has been careless and parlor games
- Economic support for Greece is tied to reforms; strict budget discipline is necessary to overcome crisis
- Any delay in implementing Eurozone safety net is damaging
- Austria would not have to recapitalize its central banks if something happened to Greece
- Says European PMI data is only one indicator and need a broader view of the economy; No need on new measures despite weak economic data
TradeTheNews.com
GVI Forex john bland 09:59 GMT May 24, 2012
DAX +20
futures:
DJ+13
SP +2
Correlation trade tight at the moment.
Plovdiv Gotin 09:53 GMT May 24, 2012
EURUSD
Entry: Target: Stop:
Some old facts: 1.2576 can break 1.2515 if 1.2563/53/45/40/23 not hold.GTay
LDN dt 09:40 GMT May 24, 2012
krishna- It is unfair for you to ask someone else to trade your position. This puts a resposibility on someone else for your decision. I am encouraged that you are asking now while your loss is rlatively small in pip terms.
In general, you should know in pip terms and in $ how much you are willing to risk when you get into a trade.
There is an old trading adage "if in doubt, get out" that might be useful. My only advice is just don't take a small loss and turn it into a large one.
GVI Forex john bland 09:29 GMT May 24, 2012
-
Key
Items: US- Durable Goods, Weekly Jobs, Nat Gas, 7yr.
-
This
has turner from essentially a EURUSD range market into a
liquidating one. Trading strategies thus have to be adjusted
accordingly. Trading EURUSD traditionally has been difficult.
-
E-Z
flash PMI data today were weaker than expected and reinforced
concerns about a slowing economy. German IFO data were disappointing
as well. Tuesday was a report
that former Greek PM Papademos said preparations for a
Greek EUR exit are underway.
-
The
flash Chinese HSBC PMI was also disappointing. Private data have
diverged from the official report.
-
The 10-yr bund
is 1.36%, -2 bp. The key EURUSD 20-day average is 1.2954.The EURUSD
is mixed to lower. Key European bourses are mixed to lower. The U.S. 10-yr is 1.72%,
0 bp.
-
Key Asian
bourses closed mixed to lower. The USDJPY is steady The 10-yr JGB was 0.87%,
0 bp.
The key
USDJPY 20-day average is 79.91. EURJPY 20-day average
is 103.53. EURJPY is weaker.
Your thoughts, comments questions, additions, etc, needed and greatly appreciated!
HYDERABAD krishna 09:26 GMT May 24, 2012
Bro Joe sorry to disturb you. one small suggestion required at this point of time. i put sell order of eur/usd at 1.2526/45. now it is 1.2566. is there any chance to go down. can i quit here put it in hold.
GVI Forex Blog 09:22 GMT May 24, 2012
Reply
09:20 GMT (Global-View.com) May 24- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is opening Thursday in North America at .5443, +0.13% from its Wednesday close (+1.17% vs. end-2010).
Global-View D.O.G. Index May 23, 2012 U.S. Open
GVI Forex john bland 09:20 GMT May 24, 2012
Reply
09:20 GMT (Global-View.com) May 24- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index
is opening Thursday in North America at .5443, +0.13% from its Wednesday close (+1.17% vs. end-2010).
As for its key subcomponents, the USD forex purchasing power index is .8002, +0.11 (+2.83% vs. end-2010). The forex
index is value is calculated against the top six trading currencies.
Against gold, the USD purchasing power index is worth .1851, +0.37% (-8.77% end-2010).
Against crude, it is at 0.4951, +0.06% (+1.51% vs. end-2010). The D.O.G. Index base is 1.00. It is measured against
levels from the start of 1999, as of the initial launch of the euro (currency).
D.O.G. Homepage
Cambridge Joe 08:57 GMT May 24, 2012
Reply
A serious question: I can more or less build a reasonable image of Mkt movements based on what has happened and chart structures..... I invariably get to identify turning points and or pull backs.
While this certainly does have it's merits, it still lacks precision and while a turning point may have been identified even from several hours in advance, it is very difficult to gauge what the likely strength of the pull back might be.
I have a rough guide which gives some vague indication, but still, it lacks precision.
I would like to hear from anyone interested to co-operate in the further development of this method, either by programming, or funding the programming or both.
An ability to create a heavily re-worked combination of existing MT4 indicators would be an advantage...
If interested please ask John +/- Jay for my email.
Off to the Costa del Minehead soon for a few days ! Pip pip !
GVI Forex john bland 08:35 GMT May 24, 2012
U.K. GDP 2nd revision. No doubt the economy is dead flat..
GVI Forex john bland 08:30 GMT May 24, 2012
-- ALERT --
UK GDPr 1Q12
qq: -0.3% vs. -0.2% exp. vs. -0.2% prev.
yy: -0.1% vs. 0.0% exp. vs. 0.0% prev.
TTN: Live News Special Offer
Cambridge Joe 08:26 GMT May 24, 2012
UK DW 07:32 GMT May 24, 2012
G O M: Reply
>>>>>GVI on the other side has turned into a scene from " Grumpy Old Men".....very entertaining!
####
Funny........... I thought we had that all here ! ;-)
GVI Forex john bland 08:23 GMT May 24, 2012
China flash HSBC PMI 48.7 earlier...
GVI Forex john bland 08:20 GMT May 24, 2012
German Ifo starting to look bad?
GVI Forex john bland 08:17 GMT May 24, 2012
Service PMI still below 50 and weakening...
GVI Forex john bland 08:16 GMT May 24, 2012
Mfg PMI still below 50 and weakening...
GVI Forex john bland 08:01 GMT May 24, 2012
Both sets of data were weaker than expected. EURUSD lower.
GVI Forex john bland 08:00 GMT May 24, 2012
-- ALERT --
DE IFO Survey May 2012
Climate:106.9 vs. 109.4 exp. vs. 109.9 prev.
Conditions:113.3 vs. 117.0 exp. vs. 117.5 prev.
Expectations: 100.9 vs. 102.5 exp. vs. 102.7 prev.
TTN: Live News Special Offer
GVI Forex john bland 07:58 GMT May 24, 2012
Reply
-- ALERT --
EZ Flash PMI Estimates May 2012
mfg:45.0 vs. 46.0 exp. vs. 45.9 prev.
svc:46.5 vs. 47.0 exp. vs. 46.9 prev.
TTN: Live News Special Offer
Beijing Laowen 07:56 GMT May 24, 2012
Check your mail nt.
SaaR KaL 07:55 GMT May 24, 2012
Marginally shorting cable is better then eurusd at the moment
better yet GBPJPY shorts...
or USDCAD Longs
KL KL 07:41 GMT May 24, 2012
ab
Relax... I shorted at Euro open...1561.2.... covererd 1/2 here 1555.9...leave the rest 1558...
i think when eurusd cracks 1.25...gold will visit another lower low this week??...my 1/ is waiting to SAR and long near 1520-22....lets wait...maybe POP if Euro zone figure good or USD something good.......its chop chop all the way....and I like Chop chop!!!LOL
hk nt 07:41 GMT May 24, 2012
I loss your contact. Can you send me your MSN handle to tongmei12@hotmail.com ? thanks
UK DW 07:32 GMT May 24, 2012
Reply
>>>>>GVI on the other side has turned into a scene from " Grumpy Old Men".....very entertaining!
hk abg 07:07 GMT May 24, 2012
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looks like I need to move stop to 1566......
Wroclaw PL Wroclover 06:59 GMT May 24, 2012
youve made a nice trade :)
my 35 pips in 20 minutes is not so impressive as your 240 in 1 day :).
Beijing Laowen 06:35 GMT May 24, 2012
hk nt 06:22 GMT May 24, 2012
==============================
nt, good to see u here again, i am fine. r u still on msn?
hk nt 06:22 GMT May 24, 2012
LAOWEN--long time no talk, how are you lately?
hk ab 06:07 GMT May 24, 2012
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short from 1563-1564 now stop placed at 1562
warsaw TOMi 05:47 GMT May 24, 2012
congrats. how did you catch it? gl/gt :)
HYDERABAD krishna 03:44 GMT May 24, 2012
Now it is headed toward 1.2630. and it will reach to 2480 again.
is this what you mean. i am newbie, bit struggling to get the points to understand in the forum
LA BV 02:11 GMT May 24, 2012
Watcing paint drying session.
Sing EU 01:49 GMT May 24, 2012
1.2635 - 1.2520 - 1.2600 - 1.2480
Seattle SL 01:18 GMT May 24, 2012
Is this the quiet before the next storm? Is there a chance we see eurusd 1.2650 again?
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