agadir anis 03:42 GMT September 9, 2010
General:
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J.B
That's very interesting :) Cheers
Syd 03:42 GMT September 9, 2010
fx:
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U.K. J.B. it counts for everything if you want to stay alive :-)))
U.K. J.B. 03:39 GMT September 9, 2010
General:
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agadir, i thought as much. Well add another 24 years to that and you will match my experience, and in these markets experience counts for quite a bit, in my humble opinion
agadir anis 03:36 GMT September 9, 2010
General:
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Dear rana,
wait until AUDUSD shows its hand. An hourly close below 0.9180 for AUDUSD is good enough to initiate shorts for eurusd, gbpusd, and audusd.
U.K. J.B. 03:36 GMT September 9, 2010
General:
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Sorry Rana , i see you asked me the same question earlier.For cable i think you will have a chance to short stg over 1.55 and euro near to 1.28 , think we will just range trade for today euro 1.2790-1.2664 stg 1.5530-1.5390 GL
YVR MAXXIM 03:34 GMT September 9, 2010
General:
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Telepathy is the transfer of information on thoughts or feelings between individuals by means other than the five senses!
agadir anis 03:33 GMT September 9, 2010
General:
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J.B
oh 6 years.
tokyo rana 03:32 GMT September 9, 2010
General:
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agadir anis 03:26 GMT September 9, 2010
dear friend,wat do u see in cable?happy trade,
U.K J.B 03:32 GMT September 9, 2010
General:
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How much experience are we talking about ??
agadir anis 03:26 GMT September 9, 2010
General:
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J.B
Ok then my friend. My previous experience with this market taught me to be nimble rather than humble. Nothing can be worst to humbling onself to this market. Just my opinion. GL
Syd 03:26 GMT September 9, 2010
Results highlight risks for China’s banks:
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Chinese banks take in deposits from companies and citizens with very few investment alternatives but some of the highest savings rates in the world and then lend the money mostly to large state-backed borrowers to build factories, steel mills and real estate.The vast majority of bank profits come from the difference between the interest rate they have to pay depositors and the rate they charge borrowers – a generous spread that is set by the central bank in order to protect the banks from cut-throat competition.
This business model is often referred to in China as “eating capital” because it encourages banks to lend as much as they can until their balance sheets are eroded and they have to return to the capital markets for funds in order to meet regulatory requirements. “This is not a sustainable business model over the long term,” says Tom Orlik, an economist at Stone & McCarthy in Beijing. “But as long as you believe in the China growth story and as long as the government doesn’t liberalise interest rates or allow foreign competitors to take a large share of the market then the banks will continue to be the geese that lay the golden eggs.”http://www.ft.com/cms/s/0/96db8b24-b44d-11df-8208-00144feabdc0.html
Syd 03:15 GMT September 9, 2010
Too much optimism on Europe .:
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Too much optimism on Europe .
Now, despite the string of disappointing US macroeconomic data, it appears to me that investors have become too bearish on the US growth outlook and too optimistic on the European. Most of Europe has basked in the German sunshine, with little or no fundamental justification. .
One of the most important lessons learned from the Great Depression was that those countries which devalued first also recovered the fastest. Back then, devaluing effectively meant coming off the gold standard. Despite being promoted by some as the only solution to today’s freewheeling fiat money regime, there is no denying that back in the 1930s the gold standard created a monetary policy regime which was unnecessarily restrictive and caused much pain around the world.
http://advisoranalyst.com/glablog/
agadir anis 03:14 GMT September 9, 2010
gbpusd
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rana, you're welcome. GL
tokyo rana 03:04 GMT September 9, 2010
gbpusd
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anis agadir 03:02 GMT September 9, 2010
dear friend,many thanx.......i agree with you...i said yesterday 0.922 important level daily double top...lets see....happy trade,
Richland QC Mailman 03:03 GMT September 9, 2010
gbpusd
:
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stopped out at b/e on gbp/longs initially.
Look at what I have got here. Pulled the trigger - usd/yen 83.76 stop at 83.60. Got some gut feel that this one is on its way up.
anis agadir 03:02 GMT September 9, 2010
gbpusd
:
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Hello rana,
AUDUSD is topping out. Reason: we are close to significant support levels for GBPAUD and EURAUD. once they rally AUDUSD will experience a free fall.
Syd 03:02 GMT September 9, 2010
China commodities slide on illegal funds probe: analyst:
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BEIJING – Chinese commodity futures prices fell about two per cent on Thursday as traders scrambled to identify the cause of the widespread sell-off.
"We are investigating why there is a sharp decrease. There is market talk over a crackdown over illegal funds, but we do not have any reliable source for that," said Shi Yan, chief analyst with Xinhu Futures Co Ltd.
Wang Lingling, an analyst with Guantong Futures Co. Ltd said some in the market were saying a government authority was investigating speculative funds in the Shanghai rubber market, which precipitated the fall.
Reuters
U.K. J.B. 03:01 GMT September 9, 2010
General:
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Dont be so sensitive my friend the comment was made in general and my humble view.I am sure you have the best Forex system in the world along with many other people on this Forum. I am sure you have invested all your own money in your product and you have at least a 5 year audited track record to confirm your outstanding results. You must have some serious money under management if your % gain is that high. Happy trading ...
tokyo rana 02:59 GMT September 9, 2010
gbpusd
:
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U.K. J.B. 02:54 GMT September 9, 2010
dear friend,how are you?0.925?and wat about gbpusd eurusd?happy trade,
tokyo rana 02:57 GMT September 9, 2010
gbpusd
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agadir anis 02:53 GMT September 9, 2010
dear friend,cool...iwill email to Jay now....happy trade,
anis agadir 02:55 GMT September 9, 2010
General:
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J.B
Just for your own knowleadge.I trade forex better than 98 percent of people. If you don't like what I said then don't use it. Who cares do I?
U.K. J.B. 02:54 GMT September 9, 2010
gbpusd
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Morning Rana , strong aussie employment numbers pushed aud/dolls higher but some resistance up here towards 9250. GL/GT
agadir anis 02:53 GMT September 9, 2010
gbpusd
:
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Hello rana,
I am fine thanks. slowly but surely you will learn my friend. get my email from jay and I will send you detailed description of how to use arbitrage. Cheers,
tokyo rana 02:48 GMT September 9, 2010
gbpusd
:
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Sell AUDUSD
Entry: 0.923 avg 0.9170 Target: open Stop: 0.9270
anis agadir 22:09 GMT September 8, 2010
dear friend,good morning to all....wat happen?wat do u mean?ihave bad head i always forgets important things im sorry.....if u donot mind plz tellme again...happy trade,
U.K. J.B. 02:46 GMT September 9, 2010
General:
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Unfortunately you are not trading Forex now , but S+P / EQUITY indices etc . Risk on/ risk off. That unfortunately is the name of the game at the moment , so technicals , systems in my view will take the back seat because when these indices move they wipe any strategic analysis out the window. Flexibility is the key IMHO
Syd 02:40 GMT September 9, 2010
Senate, House May Take Action on China Currency:
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A volatile political environment is boosting the possibility that U.S. lawmakers will pass legislation designed to prod China into letting its currency rise more rapidly against the dollar.
"The chances are certainly on the rise, I think for two reasons," Jeremie Waterman, senior director for China at the U.S. Chamber of Commerce, told Reuters.
http://www.cnbc.com/id/39068661
Syd 02:35 GMT September 9, 2010
Bankers to Feds: Pull the Plug on Fannie and Freddie:
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"Fannie Mae and Freddie Mac have already moved well beyond the points where any other financial institution would have been put into receivership," MBA Chief Executive John Courson and MBA Chairman-elect Michael Berman wrote in a seven-page letter to the Federal Housing Finance Agency.
"The current situation is not unlike a brain dead patient who is being kept alive indefinitely by artificial life support," Courson and Berman wrote.
The mortgage bankers urged the FHFA to make it clear what would happen to the two firms so creditors will know who will be paid if and when they are put into receivership.
Fannie Mae and Freddie Mac—recipients of $150 billion in taxpayer bailout money since being taken over by the Bush administration in 2008—pose a vexing policy challenge to the Obama administration as the November mid-term congressional elections approach.
http://www.cnbc.com/id/39066228
Hong Kong 02:30 GMT September 9, 2010
EUR/JPY Intra-day signal by AceTrader
:
Reply
EURJPY
Entry: Target: Stop:
INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/JPY
EUR/JPY : 106.49
Last Update At 09 Sep 2010 02:16 GMT
Euro's retreat fm 106.95 (AUS) suggests consoli-
dation below 107.13 (NY) is seen with mild downside
bias for weakness twd 106.00 but only below there
wud signal recent decline fm 109.56 has resumed n
bring re-test of y'day's low at 105.80 later.
Turn short on recovery for 106.15 1st, stop as
indicated, abv wud risk another bounce twd 106.95.
Range Forecast
106.30 / 106.60
Resistance/Support
R: 106.95/107.13/107.65
S: 106.27/105.80/105.44
http://www.acetraderfx.com
agadir anis 02:02 GMT September 9, 2010
idea:
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look for support 1.6750 in GBPAUD. and 1.38 for EURAUD. That shall put downward pressure on audusd. Cheers
Richland QC Mailman 01:33 GMT September 9, 2010
gbpusd
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Took long shot at 1.5455.
Porto Cubriclas 01:32 GMT September 9, 2010
aud/usd:
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Australian great numbers!
30.9K & 5.1%
gt & gl
RIYADH RUH-DMM-RUH 01:11 GMT September 9, 2010
USDCAD CHART
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Buy
Entry: Target: Stop:
nice trade for all
RIYADH RUH-DMM-RUH 01:09 GMT September 9, 2010
AUDUSD CHART
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Sell AUDUSD
Entry: Target: Stop:
nice trade for all
RIYADH RUH-DMM-RUH 01:07 GMT September 9, 2010
GBPUSD CHART
:
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Sell GBPUSD
Entry: Target: Stop:
nice trade for all
agadir anis 01:01 GMT September 9, 2010
gbpusd
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Hello belgrade,
Glad you see what I am reffering to. Arbitrage opportunities are seized by big players and dealers. that system allows me to spot them and react to them just as nimbly as they do it. Let's not even talk about its performance because it is mind boggling. Cheers,
Belgrade TD 00:58 GMT September 9, 2010
gbpusd
:
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haha, I write couples ... I mean currency pairs ... well it's time to check my wife ... sleeping time :))) ... happy trade
Belgrade TD 00:54 GMT September 9, 2010
gbpusd
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anis agadir 00:49 GMT September 9, 2010
Hi, I know exactly what you talking, but as we talk about the link between couples and mathematics, I remembered these types of correlation ... it's not the same as "yours" ... GLGT
agadir anis 00:53 GMT September 9, 2010
example:
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I have heard many traders say that the best pair to news trade is usdjpy. However, usdjpy= usdchf*chfjpy. Upon observation trading usdchf is the best pair to news trade. Anyways, in the end usdjpy is under pressure of fastest moving pair of aforementionned pairs.
Syd 00:53 GMT September 9, 2010
China :
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China's property transactions rose 28% in August from July and prices rose 6% over the same period, despite market-tightening efforts by Beijing since April, such as higher down-payment requirements on home purchases and higher mortgage rates.
Hong Kong 00:49 GMT September 9, 2010
Daily FX Market Review by AceTrader-9-9-2010:
Reply
Market Review - 08/09/2010 22:48 GMT
Euro recovers as European debt sales ease risk aversion
The single currency rose against the greenback on Wednesday, as improved demand for Portuguese and Polish bonds eased recent concerns over the European debt crisis. The Japanese yen also retreated from a fresh 15-year high against the greenback as the successful bond auctions eased risk aversion.
The single currency was supported by solid Portuguese and Polish bond auctions, as Portugal sold 661 million euros of bonds maturing in September 2013 with average yield of 4.086%, higher than 3.597% at the last offer. The offer produced a bid-to-cover ratio of 1.9, down from previous reading of 2.4. It also sold 379 million euros of Treasury bonds maturing in April 2021 with average yield of 5.973%, higher than 5.312% at the previous offer. Poland sold all 600 million zlotys of five-year bonds on Wednesday.
The single currency ratcheted higher initially in Asia on short-covering after Tuesday's selloff to 1.2677 and climbed to 1.2734 in Europe. Later, although euro fell below said 1.2677 low, buying interest at 1.2659 lifted euro higher to 1.2764 in NY on short-squeeze due to the strength in U.S. and European equities. DJI closed the day up by 46 points or 0.45% at 10387, while European equities pared all of their early losses as FTSE-100, CAC-40 and DAX eventually rose by 0.41%, 0.92% and 0.76% respectively. Eur/chf also recovered from its fresh record low of 1.2765.
In addition, ECB's Weber said he feared of double-dip recession and financial markets still characterised by high level of uncertainty and not safe from setbacks. Weber said he generally welcomed and supported plans of German government.
On data front, German industrial production rose by 0.1% in July, much weaker than the economists' forecast of 1.0% increase.
Although the greenback fell initially against the Japanese yen in Asia and dropped below Tuesday's low of 83.51 to a fresh 15-year low of 83.34, the greenback staged a strong rebound from there and gained to 83.96 in Europe. Later, the dollar rose again on short-covering after minor retreat and climbed to an intra-day high of 84.05 in NY before trading narrowly.
In other news, the U.S. Federal Reserve stated in its Beige Book that 'widespread signs' signaled that economic growth had eased in the six weeks through the end of August and suggested the recovery was faltering along the East Coast and the Midwest.
Earlier in Asian morning, Japanese Finance Minister Noda said 'he is prepared to take decisive steps on currencies if necessary and the government is watching markets closely'. He also said earlier in his testimony that 'the government's measures to counter the yen's rise include intervention in markets'.
The British pound edged higher from 1.5344 in Asia due to the news that Vodafone had sold its 3.2% stake in China Mobile following Tuesday's weakness to a 1-month low of 1.5296. Vodafone said that 70% of the net proceeds would go to its shareholders via a buy back, adding speculation of some demand for sterling. Cross buying in sterling versus euro supported the British pound, as eur/gbp dropped from 0.8271 to 0.8202. Later, cable rose to 1.5495 after the release of better-than-expected U.K. Halifax house price index and climbed to an intra-day high of 1.5534 in NY before retreating.
U.K. Halifax house price index rose by 0.2% m/m and 4.6% 3Mths/year in August versus the expectations of -0.5% m/m and 4.4% 3Mths/year respectively. Halifax economist Martin Ellis said gains in the last two months had reversed the price falls reported between April and June, leaving prices at a similar level to where they were at the end of 2009 and that activity has also been static so far this year.
Bank of Canada raised its interest rates by 0.25% to 1% as expected, however, it warned a weak U.S. economy would hamper Canada's economic growth. Usd/cad tumbled from 1.0509 to 1.0346.
Economic data to be released on Thursday include:
Australia Employment change, Unemployment rate, Japan Consumer confidence, Germany CPI final, HICP final, EU ECB's Monthly Report, U.K. Trade balance (gbp), BOE rate decision, BOE Asset Purchase Target, U.S. Trade balance (usd), Jobless claims, Canada Housing starts, Trade balance (cad), Exports, Imports, New housing price index.
http://www.acetraderfx.com
anis agadir 00:49 GMT September 9, 2010
gbpusd
:
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Hello belgrade,
I am not referring to that kind of correlation. However, I am referring to relationships among pairs. USDCHF trades inversely to CHFJPY. Simple when chf takes hit then chfjpy maust tank.
Belgrade TD 00:46 GMT September 9, 2010
gbpusd
:
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I almost forgot about the system of correlation, it may be interesting to someone so here shortly ... if (for example) USD/CHF is in relation to the EUR/USD, they moves in the opposite direction with about 80% correlation we can sell or buy both pairs, when their correlation is 70% or 90% because it is normal for correlation to vary. One of them will go to minus other in the plus. We are waiting for their correlation oscillate and come to the opposite value of the max/min. Clear oscillations in their relationship (correlation) is made redundant on one side (profit). It's not as simple as I wrote, but the principle is that, if someone interested in exploring more deeply ...
agadir anis 00:43 GMT September 9, 2010
gbpusd
:
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Mailman,
Forex is envelopped around arbitrage. How do you think players rip off cad for example. when USDCAD goes up GBPCAD must go up and EURCAD must go up as well. That's just an example. By observing how pairs interact you will have a good view. Cheers,
anis agadir 00:34 GMT September 9, 2010
gbpusd
:
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Good morning mailman,
The market is an unstable system because there is volatility. Now, the market can either be risk averse and risk taking. Now if you have a good system for equities, bonds, forex, what that means is simple: you are reducing risk of loss in the long term and in the short term. No one can play this game without a loss merely because the market is volatile. Had the market moved in a linear fashion, everyone would be a winner. In the end winning and losing is about long term survival. Cheers,
Belgrade TD 00:30 GMT September 9, 2010
gbpusd
:
Reply
there is a correlation between pairs ... Last year, for example, USD /CHF ~ 85% was negatively correlated with the GBP/USD, EUR/USD and USD/JPY ... mathematics spoke as follows: 4lot USD/CHF, and one lot of the other pairs. Correlation is not fixed but vary from say 0.7 to 1.0 during each day, hour or less. Such method is irrelevant of market direction, so buy or sell, we have to wait for the market to oscilate and collectively appear to be positive score ... it may take several hours or a few minutes ... possible profit at the level of 10% of the variation of correlation ... it is a pure mechanical model, which still can be established with some pairs ... the problem is when the market forge new relationships, then this method makes loss ... in any case it is pure mathematics that works, but profits are low, unless you grow the number of lots with 10, 100 etc..
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