Forex Futures Forum Archive for 05/13/2008

KL KL 20:49 GMT May 13, 2008
mamun

careful with nikkie when yen is falling.....you could get burn but ok if you play it small.

My CFD provider playing games with me. Put order in to Sell during FTSE time and waited 2 minutes for green comfirmation...instead got trade rejected. So kept on trading assuming nothing has happen to equity. Woke up 6 hours later and equity changed....and checked the FTSE short executed......going to have long conversation on phone today......now cannot trade due to "unclear money position"...rats,

London Mamun 20:21 GMT May 13, 2008
sold nikkei at 14005 wish to see 200 point tomorrow

London Mamun 20:12 GMT May 13, 2008
hello forum
market not falling as axpected. still no sign of bull. sell on rally was great today. oil not falling and gold aswell. oil want to go above 130 and will be there soon. i am long today and stop 123.35 also long gold at 865 stop 858.
wait another week.

GD
i think 19-23rd may we will get clear direction of market.

KL KL 20:02 GMT May 13, 2008
GD

i only see sector rotation at the top.....so one needs to get ready....Gold bulls hearts must be broken today with crude spiking but not gold.....Perhaps USD is the guide these days.

Citi off loading $400 billion financial Toxic waste like so many financial...wonder who are the Dope who buys them......some call it ASSET.....ROFL.....toxic asset

Vienna GD 19:46 GMT May 13, 2008
Crude made new highs and Trannies again among the top gainers.

Up is down and down is up. Black is white and white is black. Lies as far as your eye can see.
Never i have seen more lies then the last few years.

But lies have short legs. And lies in the end are degenerativ and destructive because they don't deal with the truth but a constructed painted reality. Results are obvicious.

Wenn thinking of GWB ... i must also think of Nero.

KL KL 18:53 GMT May 13, 2008
ab

Hard to play gold now....crude rising USD also rising....but gold dropping against USD rising.....crude no more guidance???....decouple. Crude inventory will determine any gold strength tomorrow. One can say gold is unloved now....perhaps cheap....maybe cheaper in the days ahead....

I am focusing on index...shorting of course....DOW 12850-12900 likely to be strong Resistance...

eu kaprikorn 17:31 GMT May 13, 2008
Hi AL!!!

tnx for your comment - u know I am freshman in the club - just sharing first impressions..

btw - it was very valuable to read your post on the trading ranges in Crude and STGYEN you wrote to NYAM the other day..

always appreciate ur help!!

Denver AL 17:08 GMT May 13, 2008
Kaprikorn. No that is not always the case. However why would you want to trade outside of US session hours. It is a US futures contract and the bulk of the traders are in the US generating the real ebb and flow

eu kaprikorn 17:01 GMT May 13, 2008
wow -- what volatility has in futures!!

made my second Crude Oil short today -- built short position from 125.80 till 126.80 and exited at 125.40

but seems this market is volatile/active only in the US trading hours..

Vienna GD 16:25 GMT May 13, 2008
Have you even seen such a chart pattern ... dax 2h

I haven't.

hk ab 16:07 GMT May 13, 2008
thanks

took profit on 868.5 this is a quick one.

Vienna GD 15:56 GMT May 13, 2008
ab ... copy that link HUI

hk ab 15:56 GMT May 13, 2008
1 more lot 872.3

hk ab 15:54 GMT May 13, 2008
GD, re your qns about the strange stox movement. I think it was seen when euro first broke 1.4 last year.

Vienna GD 15:51 GMT May 13, 2008
hk ab 15:43 GMT May 13, 2008
GD, was it when euro first break 1.4?

ab what are you talking/asking about?

HUI initially sold off 12 pts (420 to 408 open gap) and is now back at 418. Da boyz must have know the oil news ... iran cutting oil output.

Vienna GD 15:49 GMT May 13, 2008
Also QQQQ refusing to go down.

As a few days earlier said ... da boyz are fighting with teeth an nail to hold up stocks. Because if they go down again ... it will cost em a lot and eventually even more cuts.

IF ... big if. A battle between desperately printing CBs and of what is hidden.

hk ab 15:48 GMT May 13, 2008
sell 871

hk ab 15:43 GMT May 13, 2008
GD, was it when euro first break 1.4?

Sydney Alimin 15:42 GMT May 13, 2008
crude making new high, climbing wall of worries...

hk ab 15:41 GMT May 13, 2008
GD, how's $HUI doing today?

Vienna GD 15:41 GMT May 13, 2008
Also crude 3 bucks higher and dax still refuses to go down.
Can't remember when i have seen such strange behaviour.

Vienna GD 15:36 GMT May 13, 2008
Can't remember when i have seen such a strong dax ... dow down close to 100 and dax still up 50 from intraday lows.

Reasoning?

hk ab 15:36 GMT May 13, 2008
resistance at 871.3

hk ab 15:35 GMT May 13, 2008
close long @870.

Vienna GD 14:45 GMT May 13, 2008
Suggest to again have an eye on financials!
Either they don't like higher rates (TNX up 2% today) - or there's again smoke somewhere.

new brighton gvm 14:42 GMT May 13, 2008
test

hk ab 14:04 GMT May 13, 2008
if gold can sustain the attack for 1 more hr, chance is for a bounce back from here.

hk ab 13:59 GMT May 13, 2008
gold stox move was to anticipate this down candle.....such a nice trap.

Denver AL 13:58 GMT May 13, 2008
Just an observation. June GC currently approx 14 bucks Down on the month

hk ab 13:56 GMT May 13, 2008
Is ninja KL around? isn't it the big time buy now?

Denver AL 13:55 GMT May 13, 2008
what happened to all the buyers in S&P on the open. similar action to that on 5/2 when the spoos gapped up to 1427 pre market and as well the 5/1 and 5/12 days are very similar in pattern. Nothing but buying hence the following day gap gives the exit. almost comical if it werent for the billions of $ involved

hk ab 13:53 GMT May 13, 2008
should buy silver rather.

hk ab 13:51 GMT May 13, 2008
very dangerous and ready to SAR below.

hk ab 13:51 GMT May 13, 2008
new buy again 863.5

Denver AL 13:47 GMT May 13, 2008
July Coffee 1.3725 nice box since the mid March liquidation. Box currently set by Mar 20 lows at 1.2840 and April reaction high at 1.4285 but again no liquidity on the platform

Denver AL 13:43 GMT May 13, 2008
GVM if you tune in would be obliged for any input how you are coping with the softs and the collpase of A. price action and B. liquidity post closure of floors. So much for transparency in the e.age. and as for enhancing liquidity my contention always has been liquidity mirage

Denver AL 13:41 GMT May 13, 2008
LH looking at the gap from Feb 22

Denver AL 13:40 GMT May 13, 2008
S maybe triangulating

Denver AL 13:40 GMT May 13, 2008
S maybe triangulating

Denver AL 13:39 GMT May 13, 2008
Interesting how W continues to bleed lower

Denver AL 13:39 GMT May 13, 2008
July C inside outside inside pattern developing

Denver AL 13:38 GMT May 13, 2008
July SI 16.975 v v v pivotal in the same way that 17.975 was

ISR JWEB 13:38 GMT May 13, 2008
thsnks denver

Denver AL 13:38 GMT May 13, 2008
Inside week in Dec Gold with 869.9 defining its level

Denver AL 13:37 GMT May 13, 2008
Inside week in August Gold with 862 defining its line

Denver AL 13:36 GMT May 13, 2008
Outside week in Gold with 858 likely defining the line in the sand for the June contract

Denver AL 13:33 GMT May 13, 2008
JWEB June Crude 123.93 July 123.70

ISR JWEB 13:32 GMT May 13, 2008
does anyone know where crude is now?

Denver AL 13:28 GMT May 13, 2008
Gold - manipulation - doubtful - more like too many bulls still and no capitulation. The world is not coming to an end (yet) and as for Gold being an inflation hedge the answer to that is it's just another commodity for buying and selling no different from the S&P or the Euro.

hk ab 13:05 GMT May 13, 2008
nice manipulation on gold again....

long stopped on stop profit. now considering reload. Any opinions?

hk ab 12:34 GMT May 13, 2008
real move is coming, loaded gold and silver yet?

hk ab 12:30 GMT May 13, 2008
hates these systematic order.......

hk ab 11:00 GMT May 13, 2008
Hm.... aud turns weaker now.

Need to seee $HUI movement.

hk ab 09:12 GMT May 13, 2008
I think either an important high or a low will be done on that day.

hk ab 09:11 GMT May 13, 2008
Gd's 20th May option expiry is a good reminder.

hk ab 09:09 GMT May 13, 2008
commitment to gold now, add 875.5

hk ab 09:03 GMT May 13, 2008
gvm, if gold stox and aud are both falling, I don't trust the upthrust of gold yet.

hk ab 08:58 GMT May 13, 2008
aud seems quite supported.

hk ab 08:56 GMT May 13, 2008
add 876 wish us good luck.

hk ab 08:13 GMT May 13, 2008
gvm, we need a break out, otherwise, will watch carefully at 884.

new brighton gvm 07:34 GMT May 13, 2008
CL 80 cents above lows helping gold now

new brighton gvm 07:25 GMT May 13, 2008
AB - long aside you @ 876.30 basis June futs

hk ab 07:20 GMT May 13, 2008
gold stox turning.

Can buy more gold here.

hk ab 07:12 GMT May 13, 2008
done.
same stop 874.

hk ab 07:06 GMT May 13, 2008
change to 876.5 tight stop under.

hk ab 06:58 GMT May 13, 2008
buy limit 873.9

hk ab 05:57 GMT May 13, 2008
japan = j a p a n

hk ab 05:56 GMT May 13, 2008
censored = censored an

new brighton gvm 05:47 GMT May 13, 2008
thx for the comment AB - looks to me like pretty much everything is tracking crude - including the metals - interesting to see if 12310 June CL holds into europe open

hk ab 05:44 GMT May 13, 2008
It looks like Smart monies retreated from hk and China stox and go to the censored market.

hk ab 04:58 GMT May 13, 2008
gold should by now at 89x but instead it's 87x.

Seems to me not far away to see a killing spike up from the bottom of 87x and then s/t bear trend reenter.

Just hopefully, the spike can be "caught".

To be honest, I am very disappointed by the performance of gold stox and gold yesterday.

hk ab 04:56 GMT May 13, 2008
and the move yesterday made me kind of uneasy to long gold here now.

Trade safe and GL to all.

hk ab 04:50 GMT May 13, 2008
gvm, it is topping out in the hourly, now support eyeing 874, 50 dma.

I will reverse there and hold with a v. tight stop.

New Brighton gvm 04:19 GMT May 13, 2008
hk ab 04:10 - in what way are the gold hourlies bearish ? what studies? trendlines are you looking at?

hk ab 04:10 GMT May 13, 2008
hourly on gold turned quite bearish.

hk ab 03:54 GMT May 13, 2008
ok, I am off this fight, sideline with small profit.

hk ab 03:37 GMT May 13, 2008
add 1 more limit entry at 884 all stops 885.8.

hk ab 02:43 GMT May 13, 2008
mkt wants to test the buying strength.

hk ab 02:40 GMT May 13, 2008
hopefully to see 873.

hk ab 02:32 GMT May 13, 2008
the gate opens, seems 870 again.

stop sell 881.5 stop 884.

hk ab 01:35 GMT May 13, 2008
take profit 883 from 879.5

hk ab 00:51 GMT May 13, 2008
CS, I think it's quite the opposite. As you can see the gold move is suppressed but not silver.

Manipulation.