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Forex Forum Archive for 01/30/2003

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Toronto BA 23:57 GMT January 30, 2003 Reply   

Berkelely- If you go long the eurusd and short the chf/usd, as a counter trade, don't they tend to move in lock step anyways?

I tried that before and lost/won on both-

What am I missing?

ths

Jakata. Ma. 23:57 GMT January 30, 2003 Reply   
pd cumino good day, your level of 1.0735 are once more, in the short term say 24hrs possible.. do you see greater retracement - this is why I miss out on the lows , due to the pessimistic
views by the market - typically as when it was trade around 83 and everyone was cally 75. the smaller new traders become over cautious and dont trade.

Berkeley AG 23:51 GMT January 30, 2003 Reply   
NY,
I understand your input, not setting any stop orders is highly risky. However, i do set stop orders once in awhile. and i definately close my positions when my indicators point to a trend reversal. I do not just range trade, i protect my profits and my losses, thus the counter trading tactics.

Toronto BA,
i wouldn't suggest for you to go long on the Eur/USD right now. I'd wait a little while at least until the Asian session. Might even be a stagnant session with all the earlier movement today.

Toronto BA 23:51 GMT January 30, 2003 Reply   

Dallas GEP 21:09 GMT January 30, 2003
That sounds like a good strategy Dallas- do you have any orders in now for example?

thx

Gold Coast th 23:47 GMT January 30, 2003 Reply   
pd cumino Greetings I admire your depth of knowledge..I trade stock options but on a basic level..Just took a small short posi on euro 820 stop 835...

Toronto BA 23:40 GMT January 30, 2003 Reply   

Thx for the comments Maxxim and Berkeley-

My mistake was not having enough margin to 'ride the wave' and I should have reduced my position size-

That';s ok I can learn the lesson - )

Still think building a long EUR/USD position is a good idea- it's a severe retracement that worries .........

pd cumino 23:39 GMT January 30, 2003 Reply   
GOLD COAST 23:06. I agree with you. From a tech. point of view daily are turning for worst, hourly (after the bounce) are not longer oversold.
If you look at other things, as I posted earlier, the good interest this week in buying short-dated PUTEUR, may suggest that the market judged the EUR trend not at risk, but otherwise was thinking to a sufficient retracement to pay the risk, especially if you consider the high decay and gamma.
If you look at 1m RR 25 delta call over puts from JAN 20 and compare to spot you see spot higher and higher, but RR slightly lower. This confirms the good demand of EUR PUT.
This is remarkable if you look at implied vol us actual vol from JAN 20, because the spread, on the contrary, was widening.
Looking at risk-management a sell at 1.0850 with obvious s/l at 1.0910 seems not so a bad risk-reward, if you look at least at 1.0735/40.

NYC PT 23:31 GMT January 30, 2003 Reply   
Berkeley. Trading without stops is why alot of online type traders blow their equity. They get away with it in range markets but lose it all when a trend takes over.

Berkeley AG 23:26 GMT January 30, 2003 Reply   
Toronto BA,

Sorry to hear that your positions got closed out early. That is why i rarely put stop orders. And put multiple contra trades.

similar to you, i had leveraged longs of eur/usd at 1.0835 and 1.0815. My cable short gained a humble 30 pip profit before the sky rocket to 1.6500 areas. I also bought Euro at 1.0750 and 1.0770 levels. Those positions gained after it hit its limits at 1.0805.
and now, i was once down -200 pips.
However, patience and discipline had me stay make minor profit trades thru contra and swing. And now, i find myself only down with 20 pips.

just be patient next time, dont flip out when ur caught on the wrong end of the rally, cuz 80% of the time, the market retraces back ur liking.

melbourne farmacia 23:13 GMT January 30, 2003 Reply   
Update GBP/USD
Fibonacci Projection Studies

1.5906 - 1.6194 = 1.6304 ( done )
1.5906 - 1.6278 = 1.6420 ( done )
1.5906 - 1.6297 = 1.6446 ( done )
1.5906 - 1.6334 = 1.6497 ( done )
1.5906 - 1.6353 = 1.6523 ( done )
1.5906 - 1.6394* = 1.6580 ( target ) * Overnight low

Closed short from 1.6490 from yesterday @ 1.6400, Entered long @ 1.6446, now looking for 1.6580, S/R @ 1.6523.
Lets see how she goes.

Gold Coast th 23:06 GMT January 30, 2003 Reply   
See the euro heading south again after another go topside..similar to what it did 2jan to 8jan..

yvr maxxim 22:57 GMT January 30, 2003 Reply   
FWIW - resistance here 20/30 lvl. maybe pull back needed to load up for higher - 40/50 next res.lvl. break of 107.90 lvl. fib. 0.618 will short it.

yvr maxxim 22:13 GMT January 30, 2003 Reply   
That's it - UP for now - eu/us GL/GT .(short us/chf)

yvr maxxim 22:02 GMT January 30, 2003 Reply   
IMVHOP - eu/us close below 10 lvl. short

ny ek 21:53 GMT January 30, 2003 Reply   
news treasury dept and ameri bar assoc building eveacuated cause of a hazardous matrl situation

NYC YIPPEE 21:52 GMT January 30, 2003 Reply   
c-town bas 19:39 GMT January 27, 2003
Mike > Me ?

JHB SA 21:39 GMT January 30, 2003 Reply   
Thanx friends....looking sad....SA ...not too good...great long term sell in ZAR.GL.GT.

Rye, NY et 21:36 GMT January 30, 2003 Reply   
Dow = 7945

Mtl JP 21:36 GMT January 30, 2003 Reply   
Dow closed at 7945.13, -165.58 or 2.04 %

JHB SA 21:35 GMT January 30, 2003 Reply   
How did dow close? TIA

la GOLDD 21:33 GMT January 30, 2003 Reply   
i am tempted to short gbp/$ at current level. 1.6550/90 should
act as resistance in the short term.also tempted to short
gbp/yen at current, 1.9700/50 innitial resistance.
i have been stack playing the contras since the beginning of
the year, tough propossition.

yvr maxxim 21:33 GMT January 30, 2003 Reply   
FWIW - IMVHOP - 108.20/50 next - us/chf close below 135.50 will set the pace.

Singapore Jen 21:25 GMT January 30, 2003 Reply   
Shanghai BC. not sure if you are around at the moment, your take on the aud for the next few weeks would be very helpful , infact on the Euro also .thanks (:-)

Dallas GEP 21:09 GMT January 30, 2003 Reply   
Basically EH, my timing has been off. When I am not watching board I will take LIMIT orders on BOTH sides of the range of a particular pair. For example I had a LIMIT BUY order on USD/CHF @ 1.3500 that BARELY missed executing by I beleive 6 PIPS. Had it executed then that by ITSELF would have been approximately 200 PIP Gain. There were at least half a dozen positions that never took for the same reason. The last two days I have been able to spend more time in front of platform so I have adjusted entries on the fly and thus orders have been executed .

JHB SA 21:08 GMT January 30, 2003 Reply   
Global. You got my email back,,, the necc. "kakking out" done!!! Thanx for your humour.GL. GT.

Fairfax mk 21:07 GMT January 30, 2003 Reply   
beijing road, if the level holds, very bearish for the medium/long-term. If broken and successfully retested, very bullish on the same terms.

osaka eh 21:02 GMT January 30, 2003 Reply   
Gep, since today was particularly volatile, I wonder if that was the reason why you couldn't take up positions prior to yesterday. Perhaps you are using a reversal system? Curious as I am looking for a way to catch the fastest part of the forex moves, not the bulk of them mind you, but the parts which are most volatile.

beijing road 21:00 GMT January 30, 2003 Reply   
to Fairfax mk 20:40 GMT January 30, 2003
whats the signifcance pls?

osaka eh 20:54 GMT January 30, 2003 Reply   
seems like a high risk high reward short setup across the board buying the dollar...GBP at multi year highs, EUR etc...hold on tight if ya can

NY 1 20:48 GMT January 30, 2003 Reply   
Stocks getting whacked.

Dallas GEP 20:48 GMT January 30, 2003 Reply   
EH, That is true I am trying to run an account up 150% in approximately one week. It has been going VERY well both today and yesterday but was unable to take many positons prior to that. Need approximately +600 PIPS to accomplish this and I have roughly +150 so I am behind for NOW.

yvr maxxim 20:45 GMT January 30, 2003 Reply   
win some lose some - need another coffee

NJ 20:45 GMT January 30, 2003 Reply   
Does anyone know what time Australia trade number comes out and f/c?
tks

Fairfax mk 20:40 GMT January 30, 2003 Reply   
Her Majesty's minions may also note with interest my GBP Index (25% GbpUsd + 25% GbpJpy + 25% GbpEur + 25% GbpChf) painted a lovely triple top today at exactly .8565 on the 55-dailies.

Dallas GEP 20:39 GMT January 30, 2003 Reply   
Took Profit @ .6543 on GBP for +56 PIPS on LONG from 6487

yvr maxxim 20:35 GMT January 30, 2003 Reply   
Toronto BA - MOVED STOP LOWER TO 107, COULD AFFORT IT AFTER MAKING SO MUCH YESTERDAY, ADDED SOME MORE AT 107.30 WHEN WOKE UP SAW A NICE PROFIT ALDO HAD CLOSED OUT AT 107.80, 108 WOULD HAVE BEEN BETTER. ENOUGH SAID. GL/GT FROM LOTUSLAND. ;-))))))

Tallinn viies 20:31 GMT January 30, 2003 Reply   
SNOW says he oppose currency markets manipulating.

Toronto BA 20:24 GMT January 30, 2003 Reply   

Maxxim- it was a classic, I sold out at the 50 level, to preserve the rest of my small funding- had to sleep-
Then when I got up, I saw it back at the 90 level, but it had hit the 25 level, which would have left me in the market with the smallest margin available, but still alive. Frustrating-very educational-

Did you get stopped out?

I have a new strategy- I am going to build a long Eur/USD position, buying on large dips, leaving myself lots of margin, and wait for plus $1.12 -

Cheers all from sunny Toronto-

Toronto 20:18 GMT January 30, 2003 Reply   
Osaka; try ECH3

van Gecko 20:15 GMT January 30, 2003 Reply   
ab.. with the dollar holding firm @ 99.50's, euro is not going anywhere up soon.. imo this gbp reversal was cross driven, so with eur/gbp seems to had find intermedite support before another sell-off.. some gbp/jpy retracement before cracking the tough 197.00/50 band.. it's reasonable to expect some relief if you're a brave (& soon to be extinguished?..:) gbp contra solider..

Dallas GEP 20:12 GMT January 30, 2003 Reply   
DB, I am long GBP from 6487. I had initial target of 6535, seondary target of 6570 and 6600 is possible during asia or europe. I do expect from minor retracement to MAYBE 6500, then up.

yvr maxxim 20:11 GMT January 30, 2003 Reply   
Short at 108.00 - s/l 22 -tp 107.80

Monterrey Niman10-1 20:11 GMT January 30, 2003 Reply   
Very often is said on this forum that EUR/GBP leads EUR/USD moves.. and also if one watches jpy, cad, and other currencies it gives the impression the "short USD all around" strategy is over. I personally favor long usd/cad as to semi-hedge for being short on dollar in other fronts. Any views?. Ty.

osaka eh 20:08 GMT January 30, 2003 Reply   
what is the symbol for the EURO futures front month contract? I thougt it was EUR3H?

yvr maxxim 20:08 GMT January 30, 2003 Reply   
closed long eu/us at 108.04 (+24) waiting to go short.

Tallinn viies 20:06 GMT January 30, 2003 Reply   
jf - thnks,
although this is not about nikkei I have heard lot of rumours that funds planning to move out bonds to stocks but havnt seen much action there....
maybe when war starts?

JHB SA 20:05 GMT January 30, 2003 Reply   
Yebo...any chance of EUR/USD bel. parity in one month? IE March? Thanx.

sarasota jf 20:02 GMT January 30, 2003 Reply   
Tallinn viies 19:56 GMT January 30, 2003
from the yen side i heard one of the us insurance companies has just allocated alot of cash for the japanese market (nikkei) - so that helps to offset usdyen racing to the topside

yvr maxxim 20:02 GMT January 30, 2003 Reply   
Toronto BA - hi, how did that trade work out this morning, did you move that S/l to 35 tp 80. GL/GT

Toronto ab 20:02 GMT January 30, 2003 Reply   
ok, have a breath, see you all 2 hrs later.

Toronto ab 20:01 GMT January 30, 2003 Reply   
viies, have good today? but how about gbp/jpy? just because of the combination of the two news?

Tallinn viies 19:56 GMT January 30, 2003 Reply   
earlier today someone mentioned that UK insurer buying stg and selling yen and euro (Lloyds their nain bank), it came to the forum in the evening although on the morning email there was said that process started yesterday and almost completed

but no-one mentioned that news from UBS:
talk japanese co launched or is launching a eur 1 bln 7 year note and this supports eur/yen

Toronto ab 19:53 GMT January 30, 2003 Reply   
Gecko// r u still seeing a reversal dip on her majesty?

london hamlet 19:52 GMT January 30, 2003 Reply   
there is no free lunch in this world.

Buenos Aires DB 19:46 GMT January 30, 2003 Reply   
To Dallas Gep: Please, can you share with me your views on GBP ? Thanks & GT.

Toronto ab 19:40 GMT January 30, 2003 Reply   
looks like eur/jpy searching a KO at 129......
should not disclose position to lure sharks ;)
Revdax has left?

osaka eh 19:39 GMT January 30, 2003 Reply   
Dallas I read a few days ago you are trying to run an account up 150%, well, hows it goin? LOL

sarasota jf 19:33 GMT January 30, 2003 Reply   
Dallas GEP 18:42 GMT January 30, 2003
GBP likely to see 6535 SOON (next 4-8 hours).
you may just be about to get your wish !

yvr maxxim 19:24 GMT January 30, 2003 Reply   
FWIW - short - close below 70, long for now 107.80 for higher
GL/GT

van Gecko 19:21 GMT January 30, 2003 Reply   
pd cumino 19:03..:)) I don't say you have to do "my" or "your" strategies either, but most of us here are from 'English as a 2nd language' origin.. so it's quite obvious lotsa confusions & misunderstand can & must be expected in this diversed global community..
gl..

sarasota jf 19:21 GMT January 30, 2003 Reply   
Rye, NY et 19:09 GMT January 30, 2003
stock traders are learning what fx traders have known for years - the only measure of your posn is your p/l - valuation dividend fundamentals all can be thrown out the window at any point in time --- one thing for certain if you can identify a trend in any direction or market you should be able to make money..... interestingly g soros was saying he believes the weakening usd trend is just unfolding - ever since basically usd has rallied - but like always its not how you start its how you finish ....gl

Rye, NY et 19:09 GMT January 30, 2003 Reply   
van Gecko 18:50 : I think you are absolutely right. A lot of the new fx traders are still "under the influence" (pun intended) of the "Three-day Wonder Day-Traders" of the Equity Bubble Days. They think they can get rich quick with high leverage scalps. Much better, if they gear down, take a position with a trend, and learn how it works. You've got the use the right tools for the job. You can't fix a PC with a sledge hammer

yvr maxxim 19:08 GMT January 30, 2003 Reply   
Good day 108,00 just woke up, no 107 this morning, just like I said it would. GL/GT

nyc MARK 19:05 GMT January 30, 2003 Reply   
Cumino
Where is the dollar going next 24 hours? TIA

pd cumino 19:03 GMT January 30, 2003 Reply   
Van Gecko. I don't say you have to do "my" or "your" strategies. And for my strategies I am well paid, and I have nothing to sell or money to search in this forum. I simply try to help someone.
Now I have to go, but if anyone is interested, I can post some guidelines useful to people who at least "prove" to gain withouth great instruments. It is my story, my friend, I loss much money many years ago before to start to learn. Good luck and excuse me if I involuntary have offended someone.

PAR 19:02 GMT January 30, 2003 Reply   
Looks like strong pound is supporting EURO.

sarasota jf 19:01 GMT January 30, 2003 Reply   
van Gecko 18:50 GMT January 30, 2003
what you say is true - the online platforms are not efficeint enuff to trade very short term .. its a better approach to decide mkt direction and trade positionally whether that is s/m or longer term... depending on yr style

Tallinn viies 18:52 GMT January 30, 2003 Reply   
euryen 128,75 reached!
Im happy now.

van Gecko 18:50 GMT January 30, 2003 Reply   
pd cumino .. yes, what you want to said in your 18:32 is that they are intraday pip-noise scalpers with access to some pip flows.. but for most of us who don't have access to those flow info or a direct line to a market moving uncle, the 'best survival bet' in this fx'ing cesspool may be to learn s/m/t positional trade with your option hedging strategies.. no?

Gen dk 18:47 GMT January 30, 2003 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

JHB SA 18:44 GMT January 30, 2003 Reply   
Would hate to be short USD at these levels, but ok lower down,,,,,,,but mmm I would take profit now....FWIW. Sell ZAR big now.

Dallas GEP 18:42 GMT January 30, 2003 Reply   
GBP likely to see 6535 SOON (next 4-8 hours).

Dallas GEP 18:41 GMT January 30, 2003 Reply   
800 Short on Euro with 840 STOP could prove to be VERY profitable. Target 745. Gold will need to go down some however (See Provo John post) and DOW would need to cooperate.

Rye, NY et 18:40 GMT January 30, 2003 Reply   
IMVHO : The 88% are those who think they have nothing more to learn.

JHB SA 18:35 GMT January 30, 2003 Reply   
Watch this CHF thing!!! GL. GT.All you SA traders...ask your GURUS what to do now!!!

Gen dk 18:35 GMT January 30, 2003 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Gen dk 18:32 GMT January 30, 2003 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

pd cumino 18:32 GMT January 30, 2003 Reply   
Van Gecko. OK. I want to say that rumors (not 5 min. charts) and news are often the intraday movers. But these are not for free, as people thinks in this forum. They cost, and sometimes also if you pay you don't have. To trade intraday you must have the instruments, not the charts, and you must trade with very small pips-spread. Let's spend a few time and ask to a broker how many time on average last the accounts before finishing the money by trading with 4/5 bid-ask i.e. 8/10 pips spread round-trip, or simply calculate if starting with 200/400 pips loss/month may really be a winner strategy.
Who trade as intraday traders or day traders and gain are few persons, sitting on a dealer desk, in front of a screen with prices of all the primary counterparts, (not 1 broker) who may see client positions and stop loss, who see that a large counterpart is checking prices, who know that his bank is selling a huge amount of treasury or is talking about a great M&A (these news aren't for free). If you don't have these instruments, it is my poor advice, don't look at this trading style. I have never seen that kind of persons, in my experience, to spend the time by looking at 5 min charts..........

van Gecko 18:32 GMT January 30, 2003 Reply   
kevin.. thanks..
viies 18:24.. agree, imo those who make it in this biz share some traits which sets them apart from the usual crowd.. you either have it.. or you don't.. plain & simple..:)

JHBSA 18:29 GMT January 30, 2003 Reply   
Any more buyers of EUR/USD? MMMMMM

Helsinki iw 18:27 GMT January 30, 2003 Reply   
You might be right there van, who am i to say?

Gen dk 18:25 GMT January 30, 2003 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Tallinn viies 18:24 GMT January 30, 2003 Reply   
van Gecko 18:23 GMT - dont loose money! make it

van Gecko 18:23 GMT January 30, 2003 Reply   
Helsinki iw.. no offence intended.. but if 88% of us lose in fx & get wiped-out eventually.. & 88% talk & do the same boring losing stuffs.. then the other 12% must be doing & talking something different.. no ?

Helsinki iw 18:20 GMT January 30, 2003 Reply   
Just fine et, hope all is well your end too. Think market related
comments on here only, we have been told off.

HK kevin 18:19 GMT January 30, 2003 Reply   
Sorry, my previous post is for Van Gecko 18:00 GMT.

Rye, NY et 18:18 GMT January 30, 2003 Reply   
Helsinki iw : Hey.........Went down to Port Chester for Peruvian food the other night.......yummy.........How are you?

St. Pete islander 18:18 GMT January 30, 2003 Reply   
Raven, you were reading my mind. gl>

JHBSA 18:18 GMT January 30, 2003 Reply   
Fly $ FLY....MMMM Time to make a "BUC" or 2!!! How do u get out if there r no buyers? GL GT.

Tallinn viies 18:18 GMT January 30, 2003 Reply   
Helsinki iw 18:14 - 100% with u

HK kevin 18:17 GMT January 30, 2003 Reply   
My observations for today:
USD/JPY unlikely to break 119.55
EUR/JPY capped under 129
So, I am bearish on EUR, would sell at 1.0820

Va Raven 18:15 GMT January 30, 2003 Reply   
Exactly one hour later now.....

Helsinki iw 18:14 GMT January 30, 2003 Reply   
pd cumino/ I too like to read and mull over your strategies,
oftentimes they seem to be well thought over and timely.
I just cannot understand how somebody who claims to have
been in the market since 1970, can think that anybody who
trades a different style than himself is stupid? I must say I
find that attitude strange.

Rye, NY et 18:11 GMT January 30, 2003 Reply   
pd cumino 17:58 GMT : I, for one, trade options and futures, as well as spot---I greatly appreciate your analyses and your opinions---please continue to share them with us. Thank you...

JHBSA 18:08 GMT January 30, 2003 Reply   
Aish yebo,, what a win!!! Me 100 pip "THING" worked.GL GT.Took me money & ran!!!

LA ARTOFYEN 18:07 GMT January 30, 2003 Reply   
HI Buenos Aris, I posted few times about all the juicy bids down at 117.40-80 and a break below there would set up 115.30 test (still my medium term preference, followed by sub 110 test). If 117.40 capped it, then would need a push through all the ample offers above 119.00 on up to 119.50. A break above 119.50 would then set up a 122 test behind.

Still no change in that view pal. Much lower overall usd/yen this year but 122 test maybe in works, and if enough behind it, then 124.50-125 before we top out again and push through 115.30. FWIW

gl pal

van Gecko 18:05 GMT January 30, 2003 Reply   
pd cumino.. thank you for sharing your views..
fwiw.. imo this forum prefers rumors, after the fact explanation for moves, simple & absolute buy/sell levels..
anything else, you might as well as sing & h'i$$ against the wind.. :)

Gaza Ibiza 18:04 GMT January 30, 2003 Reply   
cumino 5 min charts are not stupid...I have made my best stuff on shrot term 5 min charts...charts price in everying except suprises ...and since deltas are hedged cash we can assume some kind of effeiciency in the chart action even 5 min...cheeerss....

Buenos Aires DB 18:01 GMT January 30, 2003 Reply   
To LA Artofyen: Can you share with me your views on JPY ? Thanks & GT.

van Gecko 18:00 GMT January 30, 2003 Reply   
Kevin, thanks, any s/t views for euro? tia

pd cumino 17:58 GMT January 30, 2003 Reply   
EUR-USD The good interest this week in buying short-dated PUTEUR, may suggest that the market judged the EUR trend not at risk, but otherwise was thinking to a sufficient retracement to pay the risk, especially if you consider the high decay and gamma.
If you look at 1m RR 25 delta call over puts from JAN 20 and compare to spot you see spot higher and higher, but RR slightly lower. This confirms the good demand of EUR PUT.
This is remarkable if you look at implied vol us actual vol from JAN 20, because the spread, on the contrary, was widening.
Perhaps these things don't interest this forum, but I was trying to help all the people who want to begin to really understand the market not only by watching a stupid 5 min. chart.

HK kevin 17:56 GMT January 30, 2003 Reply   
Gecko, no la. Just resume trading this week.

van Gecko 17:49 GMT January 30, 2003 Reply   
morning kevin, did you brought her majesty down at 1.64?

Stockholm za 17:48 GMT January 30, 2003 Reply   
Dallas GEP 17:45 GMT ::> yes.. thank you......

HK kevin 17:45 GMT January 30, 2003 Reply   
Van Gecko, good morning. The Majesty may pop up to 1.66 level before correction.

Dallas GEP 17:45 GMT January 30, 2003 Reply   
ZA,

You mean Bunker????

Va Raven 17:40 GMT January 30, 2003 Reply   
Yup, Arty, again, sexy minds dream alike.....

LA ARTOFYEN 17:38 GMT January 30, 2003 Reply   
Angela, very nervous market which could result in a very nervous Friday. Cases can be made for a blast down below 1.0720 or a retest of 1.0900-15. More likely to do one or the other tomorrow than neither. Everyone should fasten their seat belts for tomorrow's turbulence. IMHO Buona fortuna.

p.s. I'm confused, Raven. You are short when you should clearly be long?

Va Raven 17:37 GMT January 30, 2003 Reply   
Rome Angela 17:33 - I just realised that we are wasting each other's time..... Sorry.
Btw, what fundamentals?

Rome Angela 17:35 GMT January 30, 2003 Reply   
Stockholm
what do you mean?

Stockholm za 17:33 GMT January 30, 2003 Reply   
EUR/USD ::> There is a bunka at 1,0811 that needs to be taken out for advancement... trade safe.....

Rome Angela 17:33 GMT January 30, 2003 Reply   
VA RAVEN

are you serious, but why? there are no fundamentals for such move for dollar, is it some kind of correction?

Va Raven 17:30 GMT January 30, 2003 Reply   
Rome Angela - looking for something under 1.0670 by tomorrow. Sofar, nothing has made me change my view.

Rome Angela 17:30 GMT January 30, 2003 Reply   
LA
what do you think about the Euro for the next 24 hours? do you think it will fall back to 1.0720-30 again?

van Gecko 17:28 GMT January 30, 2003 Reply   
micro term, gbp/usd is dancing to the tune of the gbp/jpy bull..
s/m/t, gbp/usd & euro dance to together..
for today.. all gbp/usd pip-pickers & positional players should watch the gbp/jpy 197 line for directional clues..
fwiw.. freebie analytics..
Cheerios..


PAR 17:27 GMT January 30, 2003 Reply   
Rumor UK insurer liquidating US assets.

Rome Angela 17:25 GMT January 30, 2003 Reply   
VA RAVEN
how far do you think it can fall, knowing the fact that it is tomorow is the last day of the month and week?

Rome Angela 17:24 GMT January 30, 2003 Reply   
how far do you think it can fall, knowing the fact that it is tomorow is the last day of the month and week?

Va Raven 17:24 GMT January 30, 2003 Reply   
ROME Angela 17:20 - I believe so.

San Juan Lil 17:23 GMT January 30, 2003 Reply   
ARTOFYEN, re 17:13, interesting, tks for the insight!

Toronto ab 17:23 GMT January 30, 2003 Reply   
Are the big sharks cleaning up the weak shorties again? Like what they did yesterday.

LA ARTOFYEN 17:21 GMT January 30, 2003 Reply   
AUD...looks like some sellers emerging in AUD after playing EURO down move very quitely. Big break rests at .5820 and we should see good offers from .5900 up to .5950. Could be range bound for little while longer but favor downside test to .5770. Would help cause if Gold could sell-off and hold onto it's loses but that sure hasn't been the case in recent weeks.

London AL 17:21 GMT January 30, 2003 Reply   
GBP I'm hearing 4 yards bt by uk life insurers repatriating money to help shore up their solvency ratios due to level of FTSE. Also this is the usual time of year for Corps. to pay their tax bills so multinationals like BP have a natural need to buy to cover the check to Her Majestys Inland Revenue

Dallas GEP 17:20 GMT January 30, 2003 Reply   
Squared my Euro Long @ 785 for +25 PIPS. Looking to add to LONG USD/CHF on next dip.

ROME Angela 17:20 GMT January 30, 2003 Reply   
Va Raven

do you think euro is going to fall back again. just before my eyes it jumped from 1.073 to 1.08. i appreciate if you can explain this to me

Gen dk 17:19 GMT January 30, 2003 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

LA ARTOFYEN 17:18 GMT January 30, 2003 Reply   
It may not be the euro after all Raven but i dont want to tell a FIBonocci.

SHENZHEN Laowen 17:17 GMT January 30, 2003 Reply   
Euro,baby,head for 1.17~~~~~~~~~!

Va Raven 17:16 GMT January 30, 2003 Reply   
John, I don't have to call around, it's an intraday squaring accompanied by a falling stocks. Stay cool and watch the show.

LA ARTOFYEN 17:16 GMT January 30, 2003 Reply   
GBP is bid because most people missed the move down in EURO and decided to play it through GBP since it wasn't far from levels seen yesterday. That works fine if euro manages break through 1.0720 to begrudingly carry GBP lower. Obviously not the case today.

Gen dk 17:15 GMT January 30, 2003 Reply   
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Provo John 17:14 GMT January 30, 2003 Reply   
Rave, Arty, I think the move was LED by gold. If you look at a euro and gold chart (hrly or less) you will see that gold was moving higher ahead of euro$.

Euro Gold Chart

Philly brm 17:13 GMT January 30, 2003 Reply   
what happened to gbp/usd just now...

pd cumino 17:13 GMT January 30, 2003 Reply   
EUR-USD. Last survey shows m/t and hedging players look at 1.05 zone as good risk-reward. They were waiting short-term p/t, who since today, had been always squeezed. Tomorrow is the last month's day and last week's day. Today we are in the middle of 1.09 top and 1.05 m/t objective. On a long way perspective EUR trend may well last at least until 1,14/15 zone. 1.0640/60 is trend line and about 20daily ma.
Only one time the trend almost touched the 20 ma and quickly jumped higher (around 1.0350). It was a level at which a part of m/t who had missed the train entered. In that time (as for the surveys) they had roughly a 1.0250 objective but, as seen, they entered 100 pips higher.
Hope this remind can help someone.

LA ARTOFYEN 17:13 GMT January 30, 2003 Reply   
By how far we probe above 1.0800 gives us a clue to how much damage was done on the downside move to 1.0730ish. If plenty of the stops taken out, then look for a serious push towards 1.0840. If just minor stop hunting to other side, then look to 1.0820 to cap and not prob get short for another 1.0720 assualt tom. FWIW

Gen dk 17:12 GMT January 30, 2003 Reply   
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Toronto ab 17:11 GMT January 30, 2003 Reply   
strange, why gbp is so bid........

uk 17:10 GMT January 30, 2003 Reply   
??
Toronto ab 17:03 GMT January 30, 2003
Noody can tell us tomorrow.

Gen dk 17:09 GMT January 30, 2003 Reply   
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Va Raven 17:07 GMT January 30, 2003 Reply   
You sure it's euro, Arty?

Toronto ab 17:07 GMT January 30, 2003 Reply   
If the show is so nice, she will.

tel-aviv dor 17:06 GMT January 30, 2003 Reply   
noody on hollydays

LA ARTOFYEN 17:04 GMT January 30, 2003 Reply   
Seems to be well bid down there Raven, Euro of course!

Toronto ab 17:03 GMT January 30, 2003 Reply   
BOJ looks like bidding the yen crosses hard to intervene. Noody can tell us tomorrow.

Gen dk 17:02 GMT January 30, 2003 Reply   
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CO pup 17:01 GMT January 30, 2003 Reply   
Raven, Too many Budweisers. :)

Va Raven 17:01 GMT January 30, 2003 Reply   
I bet one hour later, people might wonder what they were doing when eur/usd at here 1.0780......
I know Arty wouldn't, becasue he was watching something more important at that time....

tel-aviv dor 16:58 GMT January 30, 2003 Reply   
Thank you Raden Mas , but you didnt unswer my question which was about your message : if your first post of targets was for m/t & the second for s/t or i have mistake . TIA

Gen dk 16:56 GMT January 30, 2003 Reply   
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LA ARTOFYEN 16:55 GMT January 30, 2003 Reply   
Just as I imagined Raven, you and your bag pips.

LA ARTOFYEN 16:54 GMT January 30, 2003 Reply   
La7, the our little intra-day roof broke at 1.0765 and now we need to see if 1.0780 can break. That should get us up to 1.0805. The next juicy stops resting at 1.0720 are safe for the moment.

Gen dk 16:51 GMT January 30, 2003 Reply   
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LA 7 16:51 GMT January 30, 2003 Reply   
Any news?

Va Raven 16:48 GMT January 30, 2003 Reply   
Arty, do you really want to know ???

Va Raven 16:45 GMT January 30, 2003 Reply   
Tomorrow is the last day of the week and the month. Wrong or right, people need to close some books. SO whatever they have loaded must be squared.... Believe it's not too difficult to guess what most of people have loaded for the month.

Dallas GEP 16:44 GMT January 30, 2003 Reply   
NY, You need to enter more postions. That is a sure fire cure for boredom!!! LOL

LA ARTOFYEN 16:44 GMT January 30, 2003 Reply   
I'll tell you what your wearing if you tell me what i'm wearing, Raven!

beijing road 16:42 GMT January 30, 2003 Reply   
EUR/USD need to considate tw 1.0730-1.08 brfore downmove ?

ny 16:37 GMT January 30, 2003 Reply   
can this be any more boring today, i guess this is what they make golf for , day like this .

Va Raven 16:34 GMT January 30, 2003 Reply   
Should say "sexy minds dream alike..."

LA ARTOFYEN 16:31 GMT January 30, 2003 Reply   
Opps, sry Jay didn't see ur post till now. Evil minds think alike.

Guangzhou Joewoo 16:31 GMT January 30, 2003 Reply   
Za.
The question of Eur isn't where to sell but where to buy.I think Eur just need some correction,

Dallas GEP 16:31 GMT January 30, 2003 Reply   
ZA, I think it is more like 1.790 or 1.680 with BIAS towards 1.790.

LA ARTOFYEN 16:30 GMT January 30, 2003 Reply   
For those of us with a little shorter time horizon how about take your pick: 1.0735-1.0765?

new york Buck 16:29 GMT January 30, 2003 Reply   
NYC Ed patience is a virtue i am looking mid 1.37 low 1.38 so its either jamica station or going all the way to the big apple lol gl lt short the gbp

Stockholm za 16:20 GMT January 30, 2003 Reply   
EUR/USD :::> At the moment, it is like this... 1,1080 <::> 1,0540..... Pick your choice

NYC ED 16:19 GMT January 30, 2003 Reply   
New York Buck 16:11 Good day! Your info and timing seems somewhat compelling. Good job. What station are you looking at getting off? Are you exiting with your friends?

HK kevin 16:14 GMT January 30, 2003 Reply   
Toronto ab 15:34, I am just onine. Congrulation for your long USD/CAD position. You win and I win too. RE:USD/CAD, this pair has change direction and now becomes buy on dip.

saloniko 2003 nk 1.18 16:13 GMT January 30, 2003 Reply   
Za..

Happy trades..

I watch U..

*!**!**!*____*!**!**!*

New York Buck 16:11 GMT January 30, 2003 Reply   
NYC Ed good to hear from you this morning please elaborate on your 1+1 theory, beautiful day, gotta love that usd/chf, jump aboard were followin jp to 1.40 my old friend

NYC ED 16:10 GMT January 30, 2003 Reply   
OR 1 + 1 = FUN.....WHO KNOWS

Guangzhou Joewoo 16:08 GMT January 30, 2003 Reply   
Dr. Qindex,Thank you very much ,

Mtl JP 16:07 GMT January 30, 2003 Reply   
1+1 = 11 ?

NYC ED 16:01 GMT January 30, 2003 Reply   
NY BUCK>>Starting to hear Euro strenghth is too much. Rise too fast.
Coming from the Euro zone one can add 1 +1.

Stockholm za 16:00 GMT January 30, 2003 Reply   
EUR/USD - We are at the bottom of the bull channel..... Trade safe.

Stockholm za 15:49 GMT January 30, 2003 Reply   
saloniko 2003 nk ::::> I know...... Haha ha... That is exactly what i mean..... Happy trades to you

saloniko 2003 nk 1.18 15:45 GMT January 30, 2003 Reply   
Stockh za..

Welcome DownTown..

Simple !
nk

Toronto ab 15:45 GMT January 30, 2003 Reply   
Time to refresh the following:

beijing bc 03:46 GMT January 23, 2003
AB,ROAD -- Good morning..A trend in forex market almost always overshoot and this time it may not be an exception..I would slowly scale out medium-term longs once ECB folks start complaining about strong Euro but not sure when that can be..Upto today,ECB seems to be happy with rising Euro and Fed is more than happy with declining USD..Still the primary trend of this year is likely to be USD weak trend with one or two good corrections in the middle.

Stockholm za 15:44 GMT January 30, 2003 Reply   
NYC YIPPEE 15:34 GMT ::::> Dont be offended... thats the way the market works.
Be happy.... Smile and trade.. Good friend..........

saloniko 2003 nk 1.18 15:42 GMT January 30, 2003 Reply   
Good Evening..

hmmm...think GBP/USD will follow soon Euro to Downtrip..

nk_____*!*______nk

NYC YIPPEE 15:34 GMT January 30, 2003 Reply   
Stockholm za 15:22 GMT January 30, 2003
To get the facts straight and not to do a "Bush" USD/JPY touched 117.60 after targets of 119.40 were made when the level was 118.80/90. Just to understand the facts.

Toronto ab 15:34 GMT January 30, 2003 Reply   
Kevin, r u around?

Dallas GEP 15:32 GMT January 30, 2003 Reply   
No help from DOW thus far (FLAT) for Dollar.

wendeng wolfgang 15:32 GMT January 30, 2003 Reply   
dr.qindex
you mean yen will back?
i know your some view on yen but i dont that is long term or m or short ? appreciate

Indonesia Solo Raden Mas 15:24 GMT January 30, 2003 Reply   
Tel Aviv dor,
Sorry for late answer.
Depend your profit target and loss target.

Stockholm za 15:22 GMT January 30, 2003 Reply   
To whom it may concern :::>

"" Simple rule.. Stick to your guns... Posts on the FF help, but don't let them change your view... USD/JPY last night great example... 119.40 ?? Come on!!!! Use comments to lay confidence in your own trading.. Not just to follow others""

I have no comment............

Gen dk 15:14 GMT January 30, 2003 Reply   
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Singapore Nellie 15:10 GMT January 30, 2003 Reply   
Thanks Dr Q.

Dallas GEP 15:08 GMT January 30, 2003 Reply   
Longs on USD/CHF should be considered @ 3650 area, target mid 3700's.

Hong Kong Qindex 15:08 GMT January 30, 2003 Reply   
Guangzhou Joewoo 14:54 GMT - USD/JPY : It is still range market and the market will trade below 119.

Dallas GEP 15:06 GMT January 30, 2003 Reply   
Key Euro point will be 780/790 area. Short term Longers will probably Sell here and Medium to Long term Longers will probably hold. Battle goes on!!!

Hong Kong Qindex 15:05 GMT January 30, 2003 Reply   
Singapore Nellie 14:56 GMT - GBP/USD (daily cycle) : The critical point of my daily cycle is located at 1.6487. The daily cycle's normal trading range is 1.6425 - 1.6580. Use the monthly cycle charts for reference at the same time.

hk revdax 15:01 GMT January 30, 2003 Reply   
CS//My cycle work is also not capable of forecasting magnitude too but I can tell you by my past observation that it is not worth the while trading into this aberration as the coming trading days are tightly packed with clusters one after another. You are better off, imvho, to sit on your option and allow it to take you where you want to go. Pip pickers can do their intraday summersaulting, of course.

Singapore Nellie 14:56 GMT January 30, 2003 Reply   
Good evening Dr Q, would appreciate your views on GBP. TIA

FW CS 14:55 GMT January 30, 2003 Reply   
Revdax, thanks. But right now I cannot forecast the magnitude of that bounce but almost always that Bollinger midpoint acts as support or resistance during a bull or bear market. Even if it is but a return move before a trend change

Guangzhou Joewoo 14:54 GMT January 30, 2003 Reply   
Mr Qindex.How do you think about Jpy?Do you think it can close above 119.5 or even up to 120 at Asian session?I am waiting for a buy signal in the hourly chart.thanks

Gen dk 14:51 GMT January 30, 2003 Reply   
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hk revdax 14:48 GMT January 30, 2003 Reply   
CS//For your forecast of the impending aberration in an otherwise short term downtrend of Euro.

LDN GG 14:47 GMT January 30, 2003 Reply   
AUD - anyone hear talk NAB has large sell order on 4pm Ldn fix?

FW CS 14:44 GMT January 30, 2003 Reply   
Revdax, well done for what?

london bull 14:43 GMT January 30, 2003 Reply   
me too

Sofia Alex 14:41 GMT January 30, 2003 Reply   
Tokyo Jon 14:38 GMT , hello Jon, how are you these days?Been shorting eur$ since the start of the European trading day and took some profits at the current levels.

Gen dk 14:39 GMT January 30, 2003 Reply   
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Tokyo Jon 14:38 GMT January 30, 2003 Reply   
usdjpy has heavy resistance above 119.50, first level at 119.65 and then 119.85, if we can break these I we consider a reversal in pattern and look at bullish.

Eurusd would consider bear with a close below 1.0680

RM GWilly 14:37 GMT January 30, 2003 Reply   
Dr. Q, Thanks for the advice!
:)

GT&GL

hk revdax 14:37 GMT January 30, 2003 Reply   
CS//Well done...

pd cumino 14:36 GMT January 30, 2003 Reply   
This my post at JAN 27 (spot 1.0820)
pd cumino 16:13 GMT January 27, 2003
EUR-USD. This is not the perfect point to understand mkt mentality.
Probably we will see a cautios buying. The interesting point will be around 1.0880. This is a point in which at least the shorters may have a risk-reward opportunity. (i.e. if they will be squeezed another time, then they can reverse shorts at 1.0910/20).
jan 30 2003
Now are there anyone who, instead to joke with charts, want to do himself the right questions?
For example: are we switching from a buy-dip mentality to a sell- rally mentality? What have I to look at to understand?
Where will be probably the stops?
How much is weighting today the end of month P/T?
Hedging USD coroprateds and m/t EUR investors at what level are looking?
Who is selling?


FW CS 14:34 GMT January 30, 2003 Reply   
Euro - Bollinger 15 bar support midpoint currently coming in at 1.0627. I expect to see some type of bounce from there. But it seems like today belongs to $ bulls. Maybe we will see that level being tested tommorow. That midpoint is currently climing about 30 ticks a day so will come in tommorow about 1.0650ish.

Va Raven 14:32 GMT January 30, 2003 Reply   
"Asian central banks, the world's most important holders of official foreign exchange reserves, appear to have finally moved to a 'neutral' weighting in their euro holdings from 'underweight'" - Morgan Stanley.

nyc joe 14:27 GMT January 30, 2003 Reply   
Thanks

Tallinn viies 14:27 GMT January 30, 2003 Reply   
good support on the euryen at the moment 128,15/20. fwiw

tel-aviv dor 14:25 GMT January 30, 2003 Reply   
hi raden mas , didnt understand your 2 massages . is the first for medium & long term while the second for short term ? TIA & GL

Hong Kong Qindex 14:24 GMT January 30, 2003 Reply   
RM GWilly 14:20 GMT - One can always open a new position after USD/JPY can overcome the projected resistance.

Tallinn viies 14:23 GMT January 30, 2003 Reply   
nyc joe 14:18 GMT - yes,
after 1,07 tested first me thinks

Va Raven 14:22 GMT January 30, 2003 Reply   
Very hard for "at least", but possible for "at most". FWIW. Market now is in "sell bounce" situation.

RM GWilly 14:20 GMT January 30, 2003 Reply   
Dr. Qindex, hard to brake that 119.50 level, should I take profits or wait a little more?


TIA!

nyc joe 14:18 GMT January 30, 2003 Reply   
Tallin
DO you think we can see the Euro at least back to 1.0780-90?
tia

Netherlands 14:18 GMT January 30, 2003 Reply   
Ldn pm you have a point there...

Pecs Andras 14:17 GMT January 30, 2003 Reply   
thanks ny

NYC AJD 14:15 GMT January 30, 2003 Reply   
i HAVE THE NEST SUPPORT LVL IN GBP/USD AT 1.6390

ny 14:14 GMT January 30, 2003 Reply   
Think cable should stop at least the first time down at 1.6350-70 area and under that lookt to 1.6200 as major support within this upward trend . Fundamentals in Uk still far suprerior to those of the eurozone

Pecs Andras 14:13 GMT January 30, 2003 Reply   
Can sy tell me pls the next major support on cable?
TIA

Ldn pm 14:12 GMT January 30, 2003 Reply   
Netherlands 1352GMT - Who says Central Bankers aren't forex traders ?

Tallinn viies 14:07 GMT January 30, 2003 Reply   
euryen starts to take off,
want to see it over 128,50, then next trigger will be 128,75

Netherlands 13:59 GMT January 30, 2003 Reply   
Sometimes I'm under impression that the best central bankers are forextraders :-)

Bel Air KK 13:54 GMT January 30, 2003 Reply   
Netherlands 13:52 GMT January 30, 2003
I agree with your view, but I can say with confidence that BOJ will not intervene.

CHeers.

Netherlands 13:52 GMT January 30, 2003 Reply   
If the Japanese Central Bank Wants a Weaker Yen, This the golden moment to support

wendeng 13:50 GMT January 30, 2003 Reply   
thank you dr.qindex

Shelbyville MKT 13:50 GMT January 30, 2003 Reply   
US Cash Dollar Index: 99.95 >>> UP + .67

RM GWilly 13:48 GMT January 30, 2003 Reply   
Raden Mas, thanks for your post, very helpful !

TIA :)

Gen dk 13:42 GMT January 30, 2003 Reply   
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RM GWilly 13:41 GMT January 30, 2003 Reply   
Dr. Q. Thanks for your post, your`re very kind!


TIA

Gen dk 13:41 GMT January 30, 2003 Reply   
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Hong Kong Qindex 13:39 GMT January 30, 2003 Reply   
wendeng wolfgang 13:24 GMT - The market has to overcome the resistance at 119.56 first and then we would consider the possibility of the next target.

Sunshine Beach, QLD CJF 13:38 GMT January 30, 2003 Reply   
Data slightly weaker than expected, bond market tried to rally but drops back to lowers. Us bonds can't rally. Sell Treauries, Sell USD , BUY Gold

van Gecko 13:38 GMT January 30, 2003 Reply   
Lil.. good to see you again too.. nice trade in usd/jpy..

Gen dk 13:37 GMT January 30, 2003 Reply   
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Pecs Andras 13:33 GMT January 30, 2003 Reply   
kind of as expected

Pecs Andras 13:32 GMT January 30, 2003 Reply   
GDP 4th Q: 0.7%
JOBLESS CLAIMS: +14.000 TO 397.000

Sunshine Beach, QLD CJF 13:26 GMT January 30, 2003 Reply   
US data will give us news for next leg in EURUSD. We are getting alot in 5min. GDP, jobless claims and ECI

wendeng wolfgang 13:24 GMT January 30, 2003 Reply   
dr.qindex
can i ask you a question
you mean yen next target is 120.34?
appreciate

San Juan Lil 13:24 GMT January 30, 2003 Reply   
Good to see you Captain! Happy New Year!

Helsinki iw 13:22 GMT January 30, 2003 Reply   
Many major indices made reversal days yesterday. In all likely-
hood these moves will continue, albeit after some minor pull-
back, so there is a chance that the dollar will still benefit for
some time. I do hope the Americans will try and buy the Euro
to better selling levels, and stops should be safe at 1,0850
now. If above there, 1,0900 is probabaly not safe then.
Downside objective at 1,0660/70 now, I will probably try longs
at 1,0650,where there should be strong support, but with
quick reversal at 1,0635 given. If the 1,0650 goes convincingly
we are looking at 1,0500 and 1,0380/90. All IMHO

Sunshine Beach, QLD CJF 13:19 GMT January 30, 2003 Reply   
AUDUSD also looks like corrective price action back to .5750

van Gecko 13:17 GMT January 30, 2003 Reply   
1.0388 is a vely lucky number combo to finish off the year of the Golden Horse & start off the year of the Goat..


Sunshine Beach, QLD CJF 13:17 GMT January 30, 2003 Reply   
EURUSD - large option expiry with 1.0750 strike brought selling into to london

Sunshine Beach, QLD CJF 13:15 GMT January 30, 2003 Reply   
"Did you know that the Euro has been
above the 13-day moving average for an incredible 41 trading
days, the longest such string since its inception? This is longer
than either the 33 days between 27Nov00-10Jan01 or the 36
days between 15Apr02-05Jul02." Lehman Research

Plovdiv Gotin 13:15 GMT January 30, 2003 Reply   
About E/$: if 674 dont hold, for me this is new direction.

Hong Kong Qindex 13:13 GMT January 30, 2003 Reply   
RM GWilly 12:17 GMT : USD/JPY : The current expected trading range is 118.94 - 119.55 and the mid-point reference is 119.25.
Trading reference from my 3-month projection profiles
117.28* -118.04 - 118.8* - 119.56 - 120.32*

Tokyo Jon 13:09 GMT January 30, 2003 Reply   
hello all,
I hope everyone is raking in the dollars today
the EURUSD slide will resume heading for a low of 1.0665.
best luck to all

sydney ny 13:05 GMT January 30, 2003 Reply   
Gotin,thanks!

Gen dk 13:01 GMT January 30, 2003 Reply   
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Indonesia Solo Raden Mas 12:58 GMT January 30, 2003 Reply   
NY PL,
Ussualy is yes and I think from there price continuation major trend again.

Indonesia Solo Raden Mas 12:56 GMT January 30, 2003 Reply   
Nairobi,Kenya JK
You can see daily candle stick chart, Eur/USD star doji, AUD dark cloud. etc

Plovdiv Gotin 12:54 GMT January 30, 2003 Reply   
GBP/CHF-if 2535...next tg=3088.

Gen dk 12:54 GMT January 30, 2003 Reply   
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sydney ny 12:50 GMT January 30, 2003 Reply   
Hi forum,where is GBP/CHF going?tia

NYC jk 12:49 GMT January 30, 2003 Reply   
gday all.....congrats to Helsinki, Raven and the other EUR bears...I cut my long at 1.0775 and now sit on the sidelines awaiting another buy opportunity...anyone have a view on the AUD today?

NY PL 12:49 GMT January 30, 2003 Reply   
Raden, No pull back from euro level at all? Thank you.

Indonesia Solo Raden Mas 12:49 GMT January 30, 2003 Reply   
RM GWilly,
Yes,
Eur/USD first signal at 1.0820 second at 1.0845
GBP/USD first signal now at 1.6435
AUD/USD first signal at 0.5905
USD/JPY first signal at 118.40 second at 118.80
USD/CHF first signal at 1.3550 second at 1.3535
Now still on the way respone.
Thanks for your question.

uk 12:48 GMT January 30, 2003 Reply   
melbourne farmacia 12:39 if you last more then 5 years, learn to trade from a horizontal position, set up a bed in your trading room

Gen dk 12:48 GMT January 30, 2003 Reply   
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Singapore BT 12:42 GMT January 30, 2003 Reply   
pd cumino
Thank you. That was rather informative. A buy would be the flip side of sell ain't it. Will dabble in a little of that later, but I'll just stick to the familiar side of the option for the time being and collecting my premiums. After all still building the ropes to my knowledge, look forward to learning more about the use of options from you. GTs

melbourne farmacia 12:39 GMT January 30, 2003 Reply   
I am Re posting this for you Northern Hemisphere guys;

Excessive Computer use linked to DVT.
Sit at your computer too long and you risk deep vein thrombosis, the problem faced by long-haul airline travellers, according to medical report based on a near-fatal case in Wellington. In a paper published in the Paris based European Respiratory Journal, Professor Richard Beasley, of the Medical Research Institute of New Zealand, said a male patient, 32, nearly died from a massive blood clot that formed in a leg vein and travelled to his lungs. The patient typically sat at his computer for up to 12 hours a day, sometimes 18 hours, rarely getting up to move around.....
( From The Age, Melbourne ), Question is, he sounds like a typical Forex trader.

Calcutta Vikram 12:39 GMT January 30, 2003 Reply   
Does anyone have the Dow Futures, please? What does it presage for today? TIA

Nairobi, Kenya JK 12:33 GMT January 30, 2003 Reply   
Hi Raden Mas.
What is your time frame for these level(12.24)

Toronto BA 12:30 GMT January 30, 2003 Reply   

Thx UK- that gives me a while to go yet-managing risk is the big lesson to learn-
By the way- do you work in stocks?
I have bought some MT.L , a travel company-

RM GWilly 12:24 GMT January 30, 2003 Reply   
Hi, Solo Raden Mas,good morning here,
Does your system have give you that signals for a short term?

TIA GT&GL

uk 12:21 GMT January 30, 2003 Reply   
Toronto BA 12:07 yep,
expensive tuitions must be paid, but if you can manage your risk & still talking in this forum after 3 years then you might have a chance to survive in fx.

Indonesia Solo Raden Mas 12:21 GMT January 30, 2003 Reply   
Change direction (corection type).
Eur/USD : down to 1.0645
GBP/USD : down to 1.6105
AUD/USD : down to 0.5745
USD/CHF : up to 1.3815
USD/JPY : up to 120.85
Dax : up to 2841
Dow Jones : up to 8284
Gold : down to 358.00

GL...
Bst regards,
raden mas

pd cumino 12:19 GMT January 30, 2003 Reply   
Singapore. As rule, to buy KO is cheap when imp.vol is high and expected lower, to sell KO is the opposite.
A "range bet" which is one of the structures commonly used to trade vol. is a fair example of my words.
In this period implied vols are not very high or very low.
There are other considerations, as RR, actual us implied, GARCH......
but what I posted were very simple, and tradable withouth great knowledge, because principally:
1)Directional
2)Low cost
3)A simple buy, with no delta or gamma hedging problems
4)Easy (I hope) to understand

RM GWilly 12:17 GMT January 30, 2003 Reply   
Anybody think we could see usdjpy at 119.70 today?
Last week I post a long usdjpy at 119.15, It has to be worth the wait!

Dr. qindex are you around?

TIA

Calcutta Vikram 12:14 GMT January 30, 2003 Reply   
Athens and Melbourne farmacia.....might have missed the bus in $-Yen, but am unwilling to buy at these levels, reason being Euro-Yen looks bearish to me. Cheers.

Gen dk 12:12 GMT January 30, 2003 Reply   
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Athens 12:10 GMT January 30, 2003 Reply   
Vikram, agree and it will be intraday O/B if it gets there.
Pecs, O/B=overbought.

Toronto BA 12:07 GMT January 30, 2003 Reply   
They are teasing that 50 level-


UK- you see futher downside from here?
MACD on hourly looks like it-
This is a most entertaining way to lose money- I must say...

Pecs Andras 12:06 GMT January 30, 2003 Reply   
athens
what is O/B?

Toronto ab 12:06 GMT January 30, 2003 Reply   
Noody, great call this morning!

sydney 12:06 GMT January 30, 2003 Reply   
pd cumino well said

Singapore BT 12:04 GMT January 30, 2003 Reply   
pd cumino
Point taken. Was referring to options sold. I do not buy/sell vanillas prefer all trades to be short. Think you must agree some premium for KOs are very attrative given it's a reasonable level eyeing. Maybe in the far future to be as learned as you : )

San Juan Lil 12:03 GMT January 30, 2003 Reply   
$yen first target 119.85

Gen dk 12:03 GMT January 30, 2003 Reply   
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uk 12:03 GMT January 30, 2003 Reply   
little euro bulls beware!
uk 21:38 GMT January 24, 2003
yep, euro climbed the stair up here, next week is down the elevator!

melbourne farmacia 12:02 GMT January 30, 2003 Reply   
USD/JPY - Max top @ 119.54 bid

Calcutta Vikram 12:01 GMT January 30, 2003 Reply   
If 119.35 does not stop $-Yen, can see 119.78/83

lnd 12:00 GMT January 30, 2003 Reply   
Russian source Says U.S To Announce Iraq War In 3 Weeks

jkt 11:56 GMT January 30, 2003 Reply   
how far usd jpy up ?
anybody know
thanks

Athens 11:55 GMT January 30, 2003 Reply   
GBP/JPY getting very O/B for the day as it is approaching 196.

Gen dk 11:54 GMT January 30, 2003 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

pd cumino 11:51 GMT January 30, 2003 Reply   
Singapore. Just because I post in this forum, in which very few people seems to be experts in option, I only posted strategies with ONLY options BOUGHT. As you Know when you buy an option the maximum you may lose is the cost of the option. As for prices, it's the true that you have to pay attention to your broker. Finally, to manage options during the life is not easy. My posts are educational. If the persons don't begin to think diferrent ways and not only buy spot and sell spot, they will lose their money. To trade fx and not to know options is like to be a climber withouth the ropes.

Nairobi Tn 11:50 GMT January 30, 2003 Reply   
Where is Raden Mas today? Hope he is ok, coz some dudes in Indonesia tried to saw a bomb into half n exploded! (source Reuters)

Tallinn viies 11:49 GMT January 30, 2003 Reply   
reversed my short euro from 71 to long at level 1,0756.
stop and reverse to 1,0736.
target 1,0780/8 first

Tallinn viies 11:47 GMT January 30, 2003 Reply   
with hourly close here at 55 level euro houlry stochastic crossses up. this should take some pressure off from the eurusd

Toronto BA 11:47 GMT January 30, 2003 Reply   

After such a large move down, it seems the eur would go back up, but there is still a lot of negative sentiment-If NY is buying dollars we could go below 1.07???

yvr maxxim 11:45 GMT January 30, 2003 Reply   
I'm getting sleepy , how can i write that was looking somewhere else , ignore previous post s/l still at 35

yvr maxxim 11:41 GMT January 30, 2003 Reply   
FWIW moved s/l - eu/us to 60- tp 108

yvr maxxim 11:37 GMT January 30, 2003 Reply   
NYC - getting tired need break, read sleep. chf - moved stop to 85, pull back still possible. GL/GT

Gen dk 11:36 GMT January 30, 2003 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Singapore BT 11:36 GMT January 30, 2003 Reply   
Toronto BA
KIKO is definitely a money churner. Esp KO when the vols are good and market volatile, but need good brokers who informs clients on a timely basis. Personally still think dealing with banks would be a better idea for options. GL GTs

Toronto BA 11:28 GMT January 30, 2003 Reply   

OOps BT I mean

Toronto BA 11:28 GMT January 30, 2003 Reply   

Singapore GT-
thx, will have to study this strategy for sure-

nyc 11:28 GMT January 30, 2003 Reply   
yvr maxxim 11:23 - 1.3675 just touched, what's next?

slv sam 11:25 GMT January 30, 2003 Reply   
Anybody agrees that the divsion within Europe over USA war against Iraq has added to Euro shaky ground? the start of division in such way is potentially serious for Europe future!

yvr maxxim 11:23 GMT January 30, 2003 Reply   
FWIW - SHORT us/chf s/l at136.75

Tallinn viies 11:23 GMT January 30, 2003 Reply   
next resistance on the euro is 1,0780/85.
eur/yen will be trigger

Singapore BT 11:21 GMT January 30, 2003 Reply   
Toronto BA
Sorry to barge in on your discussion with PD. I've seen people lose quite a fair bit on KIKO when the trend changes and they take delivery on the options. Restructuring the options on a timely basis would be important but do not think it's offered at all brokering firms. Do check with the brokering firm if they do that or not. The pricing of the option is rather complex too so sometimes it's going to cost you a fair bit because of the vol (gamma, beta....) Pricing definitely not transparent.

Tallinn viies 11:18 GMT January 30, 2003 Reply   
euroyen made a move finally in right direction.
stop to break even now. cu later

Toronto BA 11:05 GMT January 30, 2003 Reply   

PD- your information is much appreciated-
I plan to open an option account and try some of the strategies-

GL

PAR 11:05 GMT January 30, 2003 Reply   
EURGBP selling put some temporary pressure on EURUS , but the rising GBP will lead the EURO higher again. Target GBP 1.700. Target EURO 1.15.

pd cumino 11:03 GMT January 30, 2003 Reply   
NY. Yhe trend is your friend, but the brain is to gain.

pd cumino 10:57 GMT January 30, 2003 Reply   
vratsa. ?????

ny friend 10:56 GMT January 30, 2003 Reply   
the trend is your friend, stay long euro for 1.12

Athens 10:52 GMT January 30, 2003 Reply   
Hong Kong Ahe, thank you my dear friend.

yvr maxxim 10:52 GMT January 30, 2003 Reply   
Toronto BA - s/l 35 GL/GT

yvr maxxim 10:51 GMT January 30, 2003 Reply   
that's it, turn-around 80 next. GL/GT BED-time see you later. tp at 80.

Toronto BA 10:48 GMT January 30, 2003 Reply   

Maxxim- hope you are right- I got to get some sleep myself-

SYD BT 10:48 GMT January 30, 2003 Reply   
Raven, thank you very much for your "light" but insightful talk. PLaese talk more!

Hong Kong Ahe 10:43 GMT January 30, 2003 Reply   
Athens - Excellent insight for 18:58 GMT January 29, 2003. Glad that you are back. ;)

yvr maxxim 10:42 GMT January 30, 2003 Reply   
Getting close 53 now !

Va Raven 10:40 GMT January 30, 2003 Reply   
SYD BT 10:21 - Glad to know you have such a good position. I was simply looking for fun in this painful business whenever I could, so no big deal.
As to the target in this round, frankly, I don't know for sure as I know this is not a reversal move, profits taking and position squaring at teh most. Having said that, the downside potential is still big enough to kill many good euro longs and enourage some hungry euro shorts, My way to hand this situation is; watch the NY close today, if under 1.0690, bring the S/L down to 1.0736, and keep trailing it till triggered. In any case, if 1.0370 seen, get out immediately. Nothing has changed in all risks front, market just failed to find new risk to price in at the moment. Some longs want to square their short term book for the month.

Athens 10:39 GMT January 30, 2003 Reply   
GBP/CHF and GBP/JPY inside my daily O/B territory at the mid 195's and mid 2.24's. Some contra trading can offer short term profits. Anyway, new longs at these levels are not recommended.

yvr maxxim 10:39 GMT January 30, 2003 Reply   
ALL we need is a break of 107.55 and we're of to 80 lvl. and the hurd will follow.

brisbane rob 10:39 GMT January 30, 2003 Reply   
pd cumino/ much appreciated thanks.

pd cumino 10:34 GMT January 30, 2003 Reply   
Florida. If you are in a well established trend and you think it has to go further, your best bet is to risk in the right direction, i.e. in the direction you are long spot. You have to find break tech points, so it's probable the next tech objective which may be also the KI objective. The result is to have a Plain vanilla, not a option with a KO. On the contrary you think at KO when you think that a top is in place. The rationale is that if you become short on spot, and you have a option with a large KO in the "wrong" direction, you will lose only if you will completely wrong.

Calcutta Vikram 10:30 GMT January 30, 2003 Reply   
Some Fibonaccis in EURUSD.....
Taking rise from 1.0502 (15-Jan) to 1.0906 (27-Jan):
23.6% = 1.0811..done
38.2% = 1.0752..tested, not cleared as yet
50.0% = 1.0704
61.8% = 1.0658

Taking rise from 1.0338 (03-Jan) to 1.0906 (27-Jan):
23.6% = 1.0772...done
38.2% = 1.0689...target?
50.0% = 1.0622...also close to significant MA on the Daily

Bel Air KK 10:29 GMT January 30, 2003 Reply   
Time to get back to bed for another 3 hours for the US data. C U all later.

Gen dk 10:27 GMT January 30, 2003 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Bel Air KK 10:27 GMT January 30, 2003 Reply   
yvr maxxim 10:25 GMT January 30, 2003

prop traders will push it and the funds are going to cover...and some are actually taking new short positions so be careful.

Good luck and good trade.

yvr maxxim 10:25 GMT January 30, 2003 Reply   
FWIW - 35-40 lvl. major line in sand for me , long at 50 s/l at 35 TP 80. GL/ GT Goodnightzzzzzzzzzzzzzzzzzzz. test lower possible. but not convinced yet, like to trade against pop. opinion. Those greedy bankers set the rules. They say lower, I say higher and vice versa.

sydney 10:23 GMT January 30, 2003 Reply   
pd cumino great advices, thank you

SYD BT 10:21 GMT January 30, 2003 Reply   
Va Raven; thanks for your smart "euro train" talk in the past 48 hrs. I was nervous when I went short at 1.0870, but your talk made me hold the position firmly. What's your target for the downside if you don't mind my asking?

Toronto BA 10:20 GMT January 30, 2003 Reply   

Thx Farmacia- from the hourly MACD it looks like the eur wants to go lower-

pd cumino 10:18 GMT January 30, 2003 Reply   
Brisbane. KI = Knock in. It is an option which has a condition: only if it takes the KI level it becomes valid (i.e. becomes a normal option). A KO (Knock out) is an option valid since spot doesn't touch anytime the KO. If so the option "dies". Both cost much less than a normal options, since they have restrictions.
As for the strategy, when you are in a well established trend, you have always to calculate (to have an opinion) on possible reasonable magnitude. If you think that you are near 2/3 or 3/4 of the trend, you continue to long spot, but you begin to buy these KI(for a very little cost) as counter-trend which is also a good hedge, if spot could reverse too quickly and/or your stop loss were not well done.
Later on, when you think that trend is near the top or at least an intermediate top, you normally stop or reverse longs. But when you stop or reverse, it is better to buy a reverse KO, so you lose only when "completely wrong" not "normally wrong". You are now in a two way good position, and you may decide very calmly on spot.

nyc 10:16 GMT January 30, 2003 Reply   
CHICAGO (AP)--Microsoft (MSFT) and other large corporations matched their employees' donations worth thousands of dollars to a Muslim charitable foundation now accused of funneling money to Osama bin Laden's terror network.
The donations were disclosed in court papers released Wednesday in the federal racketeering case against Enaam Arnaout, head of Illinois-based Benevolence International Foundation.
Arnaout, 40, a Syrian-born U.S. citizen, is scheduled to go on trial Feb. 10 on charges of conspiracy to commit racketeering and providing aid to terrorist organizations in connection with his Islamic charity.
The charity "has long received direct employee donations as well as matching gifts from many firms including Microsoft, UBS (UBS) and Compaq," the memo says. Microsoft spokeswoman Stacy Drake said Wednesday that the software giant gave $20,000 in such donations.
The papers released Wednesday did not mention any other corporations that donated money, but Benevolence's Web site lists several that it says did.
The charges against Arnaout range from funneling money to bin Laden's al-Qaida network to aiding rebels fighting Russian troops in Chechnya. Arnaout also is accused of providing aid to Sudanese forces fighting a jihad, or holy war, against Christians in the southern Sudan.

vratsa 10:16 GMT January 30, 2003 Reply   
pd cumino,what opinion you have for tomorrow XEW options expiration date?Thanks

melbourne farmacia 10:14 GMT January 30, 2003 Reply   
Toronto Ba + osaka eh etc.. - 2 simple Indicators on 1 hour EUR/USD chart that gave a idea of todays movement,
Macd crossed over @ 1.0870 and below 100 SMA @ 1.0830.
ie , short trade @ 865 , confirmed @ 830 to add position.

Singapore BT 10:12 GMT January 30, 2003 Reply   
Spore Noodygirl if you are still around. Thank you for your insights to CHF. Have a great goat year.

sydney 10:10 GMT January 30, 2003 Reply   
Gecko hats off for the CNY heads up !

Singapore BT 10:09 GMT January 30, 2003 Reply   
Hong Kong Qindex
Great advice Dr. Q . Since the Euro has weaken a big figure could I expect the USD/CHF target of 1.3730/40 in the cards soon? Many cheers GTs

Bel Air KK 10:09 GMT January 30, 2003 Reply   
Additionally, if the US data are good, the movement against major ccys should be about another 100 pips with the exception of Usd/Yen, which should be capped at 119.25/30 level.

Cheers.

Toronto BA 10:07 GMT January 30, 2003 Reply   
Osaka- stops are my next goal!!

Bel Air KK 10:06 GMT January 30, 2003 Reply   
IMHO we will probably see some tight trading range for all the majors from now until 13:30 GMT when US initial claims and GDP data are due. If as expected or better, than we can see the continued buying in USD.

GL & GT.

Toronto BA 10:06 GMT January 30, 2003 Reply   

Raven- only $450.00
Mini account for now-
I should be paper trading but too impatient-
I have about 6 years experience with stocks, mostly small resource stocks-

(YWO.V has made me decent dough)

Florida PYP 10:04 GMT January 30, 2003 Reply   
pd cumino // Why did you buy puts with KI above instead of puts with KO below? Is it because the uptrend was so strong? I have minimal knowledge of options, so I apologize if the question is basic. Your posts are unique and very interesting. Good trades.

US EW 10:02 GMT January 30, 2003 Reply   
Euro bulls die hard

osaka eh 10:01 GMT January 30, 2003 Reply   
Toronto, I am learning alot too from this forum. Mainly what I am learniing is that no one is right, everyone is wrong at least once a day in trading and hopefully there is a stop sloss on that mistake. I was long the EUR from 800 level today and it hit my stop 775. I lost about the same as you did 400 bucks. What did I learn from this trade? Its good to honor stops, I could be down another 400 if I didn't have that stop in.

So what have you learned?

yvr maxxim 09:59 GMT January 30, 2003 Reply   
Come-on guys give her push ,buyyyyyyyyyyyyyyyyyyyyyyyy, let's crack 70. :-)

Milano Xav 09:59 GMT January 30, 2003 Reply   
Ref EURUSD I think mkt is becoming longer and longer eur, and the break of 1.0775 open the way to 1.0656 where there is the supporting line of the medium term channel.
This will be the crucial point for the eur destiny and in case of break the correction wuold extend toward fibo's supports of the entire last upside movement.
From 0.9858 to 1.0905 38.2% is at 1.0500, then 50% at 1.0380 adn 61.8% is 1.0260.
On the upside i still think there could be a final upmove to 1.10/1.11 in case of holding support at 1.0656.
Imvho

Va Raven 09:58 GMT January 30, 2003 Reply   
Toronto BA 09:53 - You meant 45000 or 450? Just curious.

yvr maxxim 09:57 GMT January 30, 2003 Reply   
Toront BA - the more money you burn, the faster you l(earn).

San Juan Lil 09:56 GMT January 30, 2003 Reply   
$/Yen short term trend is UP.

yvr maxxim 09:54 GMT January 30, 2003 Reply   
FWIW - UPDATE - close above 70 is all we need.

Toronto BA 09:53 GMT January 30, 2003 Reply   
FWIW
So far I am down about $450.00 USD but man have I learned a lot!
This forum sure is amazing-
I consider it a cheap education but I have to learn to stop pushing the buy/sell buttons until more sure of the set-up.

yvr maxxim 09:51 GMT January 30, 2003 Reply   
enjoy the ride up 107.90 next imvhop. GL

Guangzhou Joewoo 09:51 GMT January 30, 2003 Reply   
There is a convergence of MACD in 5' chart .

GER ad 09:49 GMT January 30, 2003 Reply   
Out at 1.0763

Hong Kong Qindex 09:48 GMT January 30, 2003 Reply   
EUR/USD : Trading Reference from My 3- Month Projection Profiles
1.0505*- 1.0584 - 1.0662* - 1.0741 - 1.0819*

pd cumino 09:46 GMT January 30, 2003 Reply   
And this is my post 22 jan
pd cumino 18:35 GMT January 22, 2003
At some point (1.09?) when supply will become thin, dealers will be tempted primarily to switch longEUR-USD into longEUR-JPY via USD/JPY.
This, if seen, may well signal the begin of EUR-USD retracement.

brisbane rob 09:46 GMT January 30, 2003 Reply   
pd cumino/ can you please elaborate on your strategy for a novice and define KI? KO? thanks.

Hong Kong Qindex 09:44 GMT January 30, 2003 Reply   
The following is still valid :-

Hong Kong Qindex 03:14 GMT January 27, 2003
EUR/USD : The trading reference from my 3-month projection profiles indicate that the market is entering into the extreme trading area of 1.0806 - 1.1435.

Trading reference from my 3-month projection profiles
1.0806* -1.0964 - 1.1121* - 1.1278 - 1.1435*

If the market can trade below 1.0669 in New York closing, my system would assume that EUR/USD has a good potential to reverse its general direction.

Va Raven 09:44 GMT January 30, 2003 Reply   
melb th - now I have some spelling problems......

Spr NoodyG 09:43 GMT January 30, 2003 Reply   
Thanks mate
Merlots are more my weakness and hmmm some nice pasta please
Cheerios

Va Raven 09:42 GMT January 30, 2003 Reply   
Toronto BA 09:32 - Sorry, I don't know and as I siad that I don't even know the "book talking" is rioght or not....
But if it's true, I guess the size that can be called "huge" in this market should be minimun large than yards.

Gen dk 09:42 GMT January 30, 2003 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Berkeley AG 09:40 GMT January 30, 2003 Reply   
LIS

Yes, i understand how it may seem highly risky. However, I have found that i make higher profit because of it. More than if i set the standardized stop orders.

BTW, if ur hedging against the Eur/USD, its best to use the USD/CHF. From studying charts, ive noticed they have the most correlation compared to other currencies.

osaka eh 09:40 GMT January 30, 2003 Reply   
...should read and the arbitrage traders take care of those mispricings awfully fast in these markets...

Bel Air KK 09:40 GMT January 30, 2003 Reply   
NY PL 09:27 GMT January 30, 2003
Euro/Usd targeting 1.0640ish with NY session probably selling hard. IMHO.

Va Raven 09:38 GMT January 30, 2003 Reply   
Morning KK, woke up by the call level in euro at 1.0770, NY session today should tell us the direction for the short term.
Yes, holding the cable position, no TP yuet, it should be a win-win trade, slow train though. Watch the eur/usd closely, if it closes under 1.0690 today, gbp/usd going for something under 1.63 is a matter of time.

Calcutta Vikram 09:38 GMT January 30, 2003 Reply   
LA SNP....Hi there. Trust you are keeping well.

See the fall in Euro-Yen as significant. Crucial Support at 127.67. If that breaks (and chances are good), another 100 pip fall could take place. Buying $-Yen in such a scenario might not be the most productive. Have 118.98 as 50% retracement of fall from 120.59 to 117.36, which continues to hold $-Yen down. Thus chances of sideways movement between 119-118.35 are better than of a credible rise in $-Yen. Selling Euro might be the most productive. Even EURCHF could be toppish. Cheers

melb th 09:38 GMT January 30, 2003 Reply   
NoodyG// Enjoy WA. Watch out for the feral Wombats and the Drop Bears!

pd cumino 09:38 GMT January 30, 2003 Reply   
here is my post of some days ago
pd cumino 21:43 GMT January 27, 2003
NY. I don't call any pick. But since 1.0540 I am not only long EUR, (now stopped 1.0730) but also I bought a 1.0540 putEUR with KI 1.07, a 1.06 put EUR with KI 1.0750, and a 1.0730 Put EUR with KI 1.09. All these now are plain vanilla living 3 months. 170 pips was the whole cost. (But every time I bought, the previous option doubled it's value, so my risk was the sme 60 pips. When Eur will go back, and it will go back in 3 months, NY, I will be sit on 3 good cushions. And some money, I suspect.
I posted this strategy on this forum. No one was interested. No one.
Now I wait some days, then I will buy a 2 month call EUR strike spot with KO 6/7 big figures above, and I will short spot. Let's wait some time and then we will see if I will be so wrong, or as usual, I will make money withouth great risk. GL and GT.

osaka eh 09:38 GMT January 30, 2003 Reply   
I think the reason the hedging strategy doesn't help new traders is because you cannot time the trades effectively. If you could time then correctly, then you could take directional trades on both currencies and leverage your timing, not hedge it...hedging only works with mispricings...most of us trae against the abritrage traders, they are called forex dealers...

just my opinion based on experience of trying to hedge my currency trades.

Bel Air KK 09:35 GMT January 30, 2003 Reply   
Enjoy your time off Noody, and good trade in Euro short today!!!

Toronto BA 09:32 GMT January 30, 2003 Reply   

VA Raven- how large is a huge stop in this market?

Bel Air KK 09:31 GMT January 30, 2003 Reply   
Morning Raven - still holding Gbp short or did you take your profit already? Good trade mate.

Spr NoodyG 09:31 GMT January 30, 2003 Reply   
Good night folks and cu guys in a week's time
Going to spend my CNY in WA again
Play a bit of golf, a bit at Burswood
Made enuf? Easy money again
Nice move Euros

Va Raven 09:30 GMT January 30, 2003 Reply   
Not sure the talk is true but direction is right in terms of the market position; a DNT 1.0750-1.0930 owned by an Asian CB was gone, larege stop under 1.0740 and huge stop undre 1.07.
Sounds someone is booking talking, but we all need some kind of "books" to trade....

Berkeley AG 09:30 GMT January 30, 2003 Reply   
Osaka,

I don't consider making or losing money until I've closed the orders.So far with my floating orders, i have a loss. however the point i was trying to make was that this loss is minimized because of my shorting of the cable.

LIS Montanha 09:29 GMT January 30, 2003 Reply   
Berkeley, this strategy looks like the road to desaster to me if those loss making positions are kept open. However psychologically it might be useful for some people only if they have strong discipline and correct market views.

NY PL 09:27 GMT January 30, 2003 Reply   
Is there any chance eur go higher 800 today?

yvr maxxim 09:26 GMT January 30, 2003 Reply   
FWIW- UPDATE - close above 75 will stay long GL/GT

Toronto BA 09:26 GMT January 30, 2003 Reply   

Berkeley AG- thx, that sounds like great advice-
I will try that-
I am learning on a mini account so thinks aren't too serious-

(Fortunately my gold stocks are doing very well)

Va Raven 09:26 GMT January 30, 2003 Reply   
Haha....th, not this time. Sorry.

osaka eh 09:25 GMT January 30, 2003 Reply   
Berkeley how can you make money on the trade you have described? do you have a profit on it?

Melb th 09:23 GMT January 30, 2003 Reply   
Raven // Did you have typing problems?? Didnt you mean 1.0960?

yvr maxxim 09:22 GMT January 30, 2003 Reply   
FWIW - 107.80/90 break will take us higher. GL/GT max. 108.21, maybe-maybe higher. GL
play very short term, only ride the waves (pip raider)

Berkeley AG 09:21 GMT January 30, 2003 Reply   
Toronto BA,

dont be overwhelmed with this market. Many people get burned during rallys but one thing to protect urself from this is by setting up hedges/counter-trades for ur trade.

ex. I bought Eur/USD at 1.0805. I also sold cable around 1.6440.

That way during the rally u protect urself by making some profit with ur counter trade. Better than holding unto one direction..
and than u can decide which position ud like to hold..

just my advice..it works for me and protects me from making losses.

Guangzhou Joewoo 09:19 GMT January 30, 2003 Reply   
I got a little Eur just now.I dont want to see it down again.

sarasota jf 09:17 GMT January 30, 2003 Reply   
expect usdchf to pullback to 20-25 before beginning next leg - beware gbp shud fall further prob with eurgbp rising as well - remember mkt is forward looking so what was vaild in buying eur last week is fading now gl

Toronto BA 09:17 GMT January 30, 2003 Reply   

That figures

yvr maxxim 09:15 GMT January 30, 2003 Reply   
Toronto BA - greedy bankers.

saloniko 2003 nk 1.18 09:15 GMT January 30, 2003 Reply   
GBP/USD....

first station 1.6228/18

nk

Va Raven 09:15 GMT January 30, 2003 Reply   
Doubt euro can close above 1.0690 today.

melb th 09:14 GMT January 30, 2003 Reply   
maxim// 750 was tested pretty well. It looks as though the stops were moved or arnt there anymore. It makes bearish EURUSD position look indefensible in NY. Do you have any idea of upside?

saloniko 2003 nk 1.18 09:13 GMT January 30, 2003 Reply   
Good Morning..

1.0388 is on set up..

nk____*!*____nk

NY PL 09:12 GMT January 30, 2003 Reply   
Hi everybody! Who else long on euros...:-)

Toronto BA 09:10 GMT January 30, 2003 Reply   

What could make the market move so far so fast?

yvr maxxim 09:08 GMT January 30, 2003 Reply   
What a day it's been 186 pips+++++++++++++++ so far.

yvr maxxim 09:05 GMT January 30, 2003 Reply   
Let's all go long eu/us maybe we can move market , close s/l at 40. GL/GT :-)

Toronto BA 09:04 GMT January 30, 2003 Reply   

Oh well. I might as well enjoy the spanking- I (

Tallinn viies 09:01 GMT January 30, 2003 Reply   
bought euryen at 127,92. stop 127,69 fwiw

Helsinki iw 09:01 GMT January 30, 2003 Reply   
Did take partial profit, as we are well outside hourly Bollinger
Bands, might resell as situation unwinds. Will re-evaluate as
we go.

LA SNP 09:00 GMT January 30, 2003 Reply   
Calcutta Vikram 08:56 GMT
long time no see - hope all's well w/you :-)

LA SNP 08:59 GMT January 30, 2003 Reply   
yvr maxxim 08:55 GMT
GER ad 08:51 GMT

hope you folkx are right ... however i don't expect too many ppl selling USD agst EUR and CHF until NYC wakes up ... am going to set pending orders below/above price action to catch a bounce/blip
:-) GL GT

Helsinki iw 08:58 GMT January 30, 2003 Reply   
There is only one caveat here to the lower EUR/USD scenario,
which is that if we are running an A-B-C correction from the
1,0910 top, then we are near completion. Not that good with
Elliots though, so Ill stick to my plan.

Dallas GEP 08:58 GMT January 30, 2003 Reply   
Just entered EURO LONG @ 760, target 840.

yvr maxxim 08:57 GMT January 30, 2003 Reply   
oversold on all charts eu/us GL/GT to you all.

melb th 08:57 GMT January 30, 2003 Reply   
If 750 fails there is a chance that 720 will be tested that will give chance of long entry below 700.

Calcutta Vikram 08:56 GMT January 30, 2003 Reply   
Suggest selling Euro on rallies to 1.0790. If you have to buy, suggest buying at 1.0723 with a tight 10-20 pip SL. All disclaimers apply

yvr maxxim 08:55 GMT January 30, 2003 Reply   
eu/us - 50-60 will hold. imvhop. for now. back to 90 lvl. and higher.

GER ad 08:51 GMT January 30, 2003 Reply   
Long EUR/USD at 1.0765

LA SNP 08:51 GMT January 30, 2003 Reply   
hey everyone wazzuppp ...

EURUSD and USDCHF running into 200-day MAs on the hourly charts ... waiting to short the dollar ... any recommendations ?

TIA GL GT :-)

Va Raven 08:50 GMT January 30, 2003 Reply   
What was the low given in eur/usd last round? Tia.

melb th 08:48 GMT January 30, 2003 Reply   
Does anyone know if the euro 50 and 20 stops still in place?

yvr maxxim 08:47 GMT January 30, 2003 Reply   
time to go long wait and see, will stay up and let you know.

Helsinki iw 08:47 GMT January 30, 2003 Reply   
FWIW/ I think we are on our way sub 1,0700 now. Stops are
tightened on shorts. Good Luck.

yvr maxxim 08:45 GMT January 30, 2003 Reply   
sooner then expected

Toronto BA 08:44 GMT January 30, 2003 Reply   

Thx Maxxim-

Toronto BA 08:43 GMT January 30, 2003 Reply   

Running out of margin- this is vicious!!

yvr maxxim 08:42 GMT January 30, 2003 Reply   
Toronto BA - I believe a test of the 107.60 is possible this morning.

Genoa nic 08:41 GMT January 30, 2003 Reply   
Melb th,
when AOL news came out ytd after close the stock lost 10% in after hour and Nasdaq future lost some 20 ticks, but during globex session it was more or less unchanged FWIW

Mtricht Rick 08:40 GMT January 30, 2003 Reply   
Will do

melb th 08:35 GMT January 30, 2003 Reply   
My apologies I looked in the wrong place. At Dow not Nasdaq. Still the same scenario applies.

yvr maxxim 08:34 GMT January 30, 2003 Reply   
Toronto BA - a sleep at computer, did you not see my post LOL.
I hope you got enough margin, will get back up there sometime. GL/GT

melb th 08:31 GMT January 30, 2003 Reply   
iw// I assume you are referring to fx. But I dont see it factored in to dow quote as yet? When dow opens we will have a +ve feedback situation. USD could then be indefensible.

Toronto BA 08:30 GMT January 30, 2003 Reply   

Ay guesses for low point of this drop? I am long at 1.0850 ;o

yvr maxxim 08:29 GMT January 30, 2003 Reply   
MAASTRICHT RICK - search on goolgle "historical forex data"
12.700 search results hope that helps GL.

Dr. Nick Riviera 08:28 GMT January 30, 2003 Reply   
Hellooooo Everybody

Genoa nic 08:28 GMT January 30, 2003 Reply   
Good morning all
FWIW I'm surprised how Nasdaq future held well during "asian" session on globex despite very bad AOL news now more or less unchanged (-0.20% at 1011). Are we ripe for the so awaited correction on Euro/$?

Helsinki iw 08:25 GMT January 30, 2003 Reply   
melb th/ Pretty expected it seems, as futures not doing that
much. At least for now.

fairfield jsh 08:24 GMT January 30, 2003 Reply   
anyone know what econ reports we have coming out today? tia

Hong Kong Qindex 08:23 GMT January 30, 2003 Reply   
wendeng 07:46 GMT - USD/JPY : Use my monthly cycle charts for reference, see details in the Archive of the Forum.

melb th 08:21 GMT January 30, 2003 Reply   
AOL must weigh very heavy on USD tonight. End of counter trend?

Mtricht Rick 08:20 GMT January 30, 2003 Reply   
Thanks Maxxim

osaka eh 08:17 GMT January 30, 2003 Reply   
nope got one as well...stops under neath though

osaka eh 08:15 GMT January 30, 2003 Reply   
long EUR 800 long EUR/JPY 128.20 30 pip tgts...nice spike bottom here

Nairobi, Kenya JK 08:15 GMT January 30, 2003 Reply   
Unless my system is gone nuts I get a hourly buy EurUsd signal friends. Anyone seeing the same?

yvr maxxim 08:15 GMT January 30, 2003 Reply   
Maastricht - ik wil try for you in morning, haven't got a clue right now. unless someone else can help you out. GL.

Toronto BA 08:14 GMT January 30, 2003 Reply   

So is this a concerted effort to send the eur lower or is it just the market doing what it does?

ths

GoldCoast fxi 08:13 GMT January 30, 2003 Reply   
US EW // Hi EWA friend, my posting this morning was to 1.0785/065
but expect time cycle pressure up till friday night....?? nevertheless watching whats impulsive or not - time becoming critical now this end of january. Cheers!!

yvr maxxim 08:11 GMT January 30, 2003 Reply   
LA 2k 06.04 gmt. - here's your 107.90 sooner then expected. GL. ;-)

Helsinki iw 08:08 GMT January 30, 2003 Reply   
FWIW/ Good Morning. Looks like the long awaited attack on
previous lows is here. There will be stops under that level so
be careful.

Mtricht 08:00 GMT January 30, 2003 Reply   
Dan zie jij een ander Maastricht dan ik. Geen zonneschijn whatsoever!
Zou je me kunnen helpen om die data te krijgen? Historische EUR/USD quotes op 5 min. basis?

yvr maxxim 07:54 GMT January 30, 2003 Reply   
40 pips TKY. goodnight see you all later. GL/GT

yvr maxxim 07:52 GMT January 30, 2003 Reply   
staying short eu/us - us/chf 136 next . goeie morgen Maastricht goed weer en zonneschijn. :-)

San Juan Lil 07:48 GMT January 30, 2003 Reply   
French January Confidence slips to 98 from 99.

wendeng 07:46 GMT January 30, 2003 Reply   
hi dr.qindex
can we know your view on usd/yen appreciate

Edinburgh Arfur 07:45 GMT January 30, 2003 Reply   
Mng all. dutchman bgt a lot of eurusd ard 1.0830 and said was very heavy. Eurusd looks set to test 1.0790/1.0780 this mng , suspect 1.0780 great place to buy in short term. Eurgbp also weak under 0.6590 looks for test of 0.6550 also a great place to go long in short term in my humble.

Maastricht 07:39 GMT January 30, 2003 Reply   
Hi guys, great stuff, this forum, I learn a great deal. I would like to know if anyone can provide me with 5 minute historical data of the entire year 2002 for the EUR/USD pair?? I'd really appreciate it!

yvr maxxim 07:35 GMT January 30, 2003 Reply   
17 pips sofar more to come staying short, or will 20 lvl . hold ?GS/GT

bali jane 07:30 GMT January 30, 2003 Reply   
Mr.Qindex thanks a lot .

Monterrey Niman10-1 07:23 GMT January 30, 2003 Reply   
EW, thats precisely the point, to match the equivalencies of 'apples and oranges', therefore personal income (wages, etc) is not a factor because PPPs are trying to establish the prices of goods between 2 countries for trading purposes and not for quality of living standard purposes. So products in one country are cheap or expensive in relation to another country, and theoretically that inbalance tends to even out in time. And the more 'trade-sensitive' a country is the more sensible is to those PPPs numbers. Cheers.

Hong Kong Qindex 07:19 GMT January 30, 2003 Reply   
bali jane 07:14 GMT - EUR/USD : The expected trading range from my weekly cycle is 1.0787 - 1.0910 and the mid-point reference is 1.0848.

bali jane 07:14 GMT January 30, 2003 Reply   
what u're flavour of euro in the next few hours???
euro make a huge hit this week, will euro continuous bullish?
or even make a reversal pattern????
is posible for us see euro in 1.0900 again???
anyone help this young lady..........?

US EW 07:11 GMT January 30, 2003 Reply   
goldcoast/ fxi just read ure messages yesterday...always glad to know another e waver surfing the forex waves, what do u think friend is this just another correction for a move below 1.08

Nairobi Tn 07:10 GMT January 30, 2003 Reply   
Morning ppl. Sounds like EUR is bulish today. Are current lvls good for going long? Thx

yvr maxxim 07:06 GMT January 30, 2003 Reply   
FWIW - short at 40 eu/us

US EW 07:05 GMT January 30, 2003 Reply   
Montery// the big mac index is useless in valuation of an exchange rate, you are correct tests of ppp should bebaed on comparing a similar basket of goods in each country. If ppp is working and and governments are do not interfere the effective prices for a similar basket of goods should be the same in every country once exchange rates and prices have adjusted to worldwide ppp. However, because of differences in taste level of development, and income it is difficult to find identical maket baskets among countries. Any consumption based index is necessarily going to compare "apples and oranges".

Singapore. L. 06:58 GMT January 30, 2003 Reply   
Australian trade deficit is expected to have widened this month, mainly due to the purchase of New Airliners by Qantas Airways(QAN). according to Dow Jones

Provo John 06:56 GMT January 30, 2003 Reply   
Noody, Hi there! Just wondering if you are still holding your $Jpy position or decided to close it. Thanks and have a good holiday!!

DC Brown 06:53 GMT January 30, 2003 Reply   
I've been long on EUR since 1.0810. My target is 1.0884. This will complete an a-b-c counter trend trade for me. So far it has been a SLOW ride up. But maybe the Europe market will make it hit faster.

Monterrey Niman10-1 06:53 GMT January 30, 2003 Reply   
US EW (or anyone), is the big mac index solely based on the actual price of big macs in each country?(how useful could that be?) because i think its best to look at price of consumers baskets, in which yen is actually largely overvalued.

Houston MB 06:34 GMT January 30, 2003 Reply   
I see a short term long for Euro...next few hours looking for around 1.0860 for about 30 pips. Have a little money on it, not commited to any direction yet though.

Dubai DTD 06:31 GMT January 30, 2003 Reply   
Good day friends

LA 2k 06:23 GMT January 30, 2003 Reply   
I have the Eur going up in the short-term, but don't know if sub 1.0800 is going to happen unless there is a strong dollar correction during NY.

Anyone in position now or are most just spectating?

yvr maxxim 06:18 GMT January 30, 2003 Reply   
LA 2k - you'll get your chance at 107.90 again , looks like up or down. my guess down. GL/GT

GoldCoast fxi 06:14 GMT January 30, 2003 Reply   
US EW - are you suggesting to invest in big macs or buying yen?
both are well traded these days....too much perhaps for good health..?

yvr maxxim 06:10 GMT January 30, 2003 Reply   
108.50 next. let's go and get it over with.

LA 2k 06:04 GMT January 30, 2003 Reply   
My system is now going flat. I was long the GBP from 1.6470 from yesterday and still in it for 1.6910. Noise today, anyone else currently long GBP or EUR?

Want to go long EUR at 1.0790 but missed the boat.

Can. Ma. 06:01 GMT January 30, 2003 Reply   
Melbourne Farmacia...
Smirnoff is cheaper...
Ma.

GoldCoast fxi 05:48 GMT January 30, 2003 Reply   
melbourne farmacia
50 pips!!!...a fortune allright....better try the vodka kind then....

melbourne farmacia 05:24 GMT January 30, 2003 Reply   
Gold Coast fxi - she costs me a forture!!!! ( 50 pips a pop )

GoldCoast fxi 05:20 GMT January 30, 2003 Reply   
melbourne farmacia
Stolichnaya ? ......... sounds like a nice girl

US EW 05:20 GMT January 30, 2003 Reply   
provo john// using the big mac index yen is still undervalued to the dollar by 8%

yvr maxxim 05:18 GMT January 30, 2003 Reply   
Melb. th - lol. NO, or do as toronto sparky does lots of heinies to keep the blood thin.

Provo John 05:08 GMT January 30, 2003 Reply   
Shiokawa again on the wire talking $Jpy should be based on PPP and that means 150-160. Basing on PPP would be best for economy.

melbourne farmacia 05:01 GMT January 30, 2003 Reply   
yvr maxxim - yeah, I walk to the local supermake/cafe few times a day for coffee/cigarettes and Stolichnaya.

melb th 05:00 GMT January 30, 2003 Reply   
yvr maxxim 04:52 // Do you know the name of a good waterproof computer or laptop so we can trade in the spa?

yvr maxxim 04:52 GMT January 30, 2003 Reply   
Melbourne Farmacia 03.29 gmt. - that's why we play this game lying flat on you back, even circulation. who said you can't make money lying down. I run 10k on tread mill everyday and play forex at the same time. GL/GT

RfnSA SvdM 04:49 GMT January 30, 2003 Reply   
I see a double top forming on the 1 hour Eur/USD. Do you think this need to be considered before going long on EUR?

Gold Coast th 04:44 GMT January 30, 2003 Reply   
GoldCoast fxi Yep Max is the man ..He and his family came over and stayed with us last year ..We played some truely terrible golf together..Top man :-)

GoldCoast fxi 04:41 GMT January 30, 2003 Reply   
Gold Coast th - could it be Max perhaps?
whatever methodology, no holy grail in that business....
will add a trampoline to my tools......good for the legs......

Vancouver 04:37 GMT January 30, 2003 Reply   
So what's the USD/CAD gonna do?

beijing road 04:18 GMT January 30, 2003 Reply   
Any view on USD/jPy pls?

HKG fei 04:15 GMT January 30, 2003 Reply   
evey currents started u turn, but why pound still so strong,
may be pound will be the last one to u turn and go faster
then the other

Gold Coast th 04:08 GMT January 30, 2003 Reply   
melbourne farmacia Sounds like motivation to position trade..
Cut my short euro square ..try again in europe

Toronto Sparker 03:53 GMT January 30, 2003 Reply   
Hi Q.... never a boring time...swift moves ahead over the next 6 months I'd say...

Hong Kong Qindex 03:48 GMT January 30, 2003 Reply   
Singapore BT 01:10 GMT : May be on daily basis. One should keep an eye on EUR/USD.

yvr maxxim 03:34 GMT January 30, 2003 Reply   
FWIW - US dollar index down 99.20. low-98.83 high-99.43

melbourne farmacia 03:26 GMT January 30, 2003 Reply   
Something Interesting:
Excessive Computer use linked to DVT.
Sit at your computer too long and you risk deep vein thrombosis, the problem faced by long-haul airline travellers, according to medical report based on a near-fatal case in Wellington. In a paper published in the Paris based European Respiratory Journal, Professor Richard Beasley, of the Medical Research Institute of New Zealand, said a male patient, 32, nearly died from a massive blood clot that formed in a leg vein and travelled to his lungs. The patient typically sat at his computer for up to 12 hours a day, sometimes 18 hours, rarely getting up to move around.....
( From The Age, Melbourne ), Question is, he sounds like a typical Forex trader.

yvr maxxim 03:24 GMT January 30, 2003 Reply   
FWIW - all stock markets closed down across ASIA yesterday. while Europe and US closed up.

yvr maxxim 03:04 GMT January 30, 2003 Reply   
turn around time - close but no sigar - us/chf 136.00 next, all imvho.

Sydney FXtrader 02:48 GMT January 30, 2003 Reply   
Sell on rally today though I think /$ will bounce back from 1.0805. This level should hold before NY. Don't expect it to go over 1.0860.
/$ may push through 1.6500 marginally intra day. (1.6515-1.6535) or (1.6560-1.6580). $ will have 200pts gain thereafter....

NYC SPOT 02:48 GMT January 30, 2003 Reply   
What do u think about the Euro???

Melb RS 02:47 GMT January 30, 2003 Reply   
melbourne farmacia 02:20 GMT
Got to be happy about that!

Jax JG 02:39 GMT January 30, 2003 Reply   
am short USD?CHF futures at 7365 which equates to 1.3574 spot.(plus or minus) the diff between spot and futures. Anyone else have some opinions?

yvr maxxim 02:38 GMT January 30, 2003 Reply   
turn around time

melbourne farmacia 02:20 GMT January 30, 2003 Reply   
Melb RS - Thanks for that, I just follow the data I receive from my Broker/charts. If I had 97 bid from my data I would be long still and in the censored. Cheers.

Gold Coast th 02:19 GMT January 30, 2003 Reply   
GoldCoast fxi Yep Have a good mate in NZ..Been a private trader for 15 years swears by EW...and has done well ..

Melb RS 02:10 GMT January 30, 2003 Reply   
melbourne farmacia 01:31 GMT
fwiw... GBP did go 97 bid in NY session (98 the high) if that makes any difference??

GoldCoast fxi 02:02 GMT January 30, 2003 Reply   
Gold Coast th - IMO. all 'funnymentals' are processed/interpreted by BIG players in the know, well BEFORE REUTERS/CNN or else tells us about it. Since i have no crystal ball telling me what is going to tickle their "fancy' next - for me, charts (PRICE & TIME) are the only factual results of market's actions to work with - when TIME is due, which news wont matter....any overshoot before then is likely to be minimal.
- see the swings (waves) behind the MA"s?!! - Cheers, gl , gt

Global-View 01:54 GMT January 30, 2003 Reply   
jkt 01:31 GMT January 30, 2003 Contact us and we will help you out.

sarasota jf 01:54 GMT January 30, 2003 Reply   
melbourne farmacia 01:31 GMT January 30, 2003
Update GBP/USD
im with you i think shud see 1.6350-80 this 35-40 level seem to hold the key for a lower gbp and a lower eur as a break would encourage more usd strength

just on chf its a buy 60-75 stop at 40 - if holds that 45-75 zone from here can impuls to 1.3660-90.

i think gbp is an important key for further usd strength
gl to all

yvr maxxim 01:53 GMT January 30, 2003 Reply   
SEE: EURO/US above 20 close buy - below 20 close sell. All IMVHOP. GL/GT

jkt 01:45 GMT January 30, 2003 Reply   
is it time to short Usd -chf

thanks

Toronto ab 01:37 GMT January 30, 2003 Reply   
Which one do you think can recover first (to the downside)? chf or jpy?

Melb mpfx 01:35 GMT January 30, 2003 Reply   
Fwiw some AUD levels in my system
Daily Range Levels
Low Pivot High
0.5865 0.5894 0.5923

Weekly Range Levels
Low Pivot High
0.5823 0.5909 0.5995

jkt 01:31 GMT January 30, 2003 Reply   
good morning and Kong Hi fat choi
anybody know about service censored.com please
thanks

melbourne farmacia 01:31 GMT January 30, 2003 Reply   
Update GBP/USD
Fibonacci Projection Studies

1.5906 - 1.6194 = 1.6304 ( done )
1.5906 - 1.6278 = 1.6420 ( done )
1.5906 - 1.6297 = 1.6446 ( done )
1.5906 - 1.6334 = 1.6497* ( target )
1.5906 - 1.6353 = 1.6523 ( target )

* 1.6497 was missed by 2 pips o/n ( bid ) Long S/R, now short from 1.6490 looking for 1.6380/50. Must break 1.6438.

ASIA Lee 01:16 GMT January 30, 2003 Reply   
Morning all...

I'm buying USDJPY here for a quick test of 119...

LA saint3 01:12 GMT January 30, 2003 Reply   
hi everyone .. any view on gbp?

LA saint3 01:12 GMT January 30, 2003 Reply   
hi everyone .. any view on gbp?

Spr NoodyG 01:11 GMT January 30, 2003 Reply   
as u see Im a bit of a Dollar fan now
so on the Swissy the caveat is a thrust thru 1.3640
dont catch the top it will cut you I hear some offers still ard the 20s but hey the trend will make em look like monkeys
probably as a logical extension perhaps as high as the res ard 1.3750 or 1.3780

Singapore BT 01:10 GMT January 30, 2003 Reply   
Dr. Qindex.
Great forecast on the CHF yesterday pity missed my trades by a few pips. Would 1.3630 cap the weakness of CHF? TIA Gong Xi Fa Cai

Toronto ab 01:02 GMT January 30, 2003 Reply   
noody, do you see any big guty under 1.08? THANKS big one, Kung Hei Fat Choi.

Singapore BT 01:00 GMT January 30, 2003 Reply   
Spr NoodyG
Any advices on USD/CHF and NZD/USD today? TIA

Spr NoodyG 01:00 GMT January 30, 2003 Reply   
on the Aud reckon the spec mkt is buying cash then muck around protection of o/n Aud puts
for the Euros my gut feeling is that 1.0720 will be tested
once the 1.0750 loss is sustained a fair chance of 1.0660-70 again
the uptrend is around 1.0650 so its kinda colossal stuff down there
Uncle Sam is in fashion for the moment

Spr NoodyG 00:56 GMT January 30, 2003 Reply   
That CNY link did not work that well last year if Im not wrong
Yeah on the Oz play the range
got all day
not doing too much
waiting for lunch at the gym
taking off tomorrow for hols
got to ship out of Spr away from the in-laws
perennial questions when the baby comes
shucks

yvr maxxim 00:54 GMT January 30, 2003 Reply   
FWIW - long US/CHF 80 lvl. s/l 60. short below 50 GL/GT

Bel Air KK 00:54 GMT January 30, 2003 Reply   
IMHO Re: Usd/Yen - this pair is still in range trading 120-117.50, thus play the range and make good profit. Even if Euro/Usd,Yen,Gbp retracement takes place, the market is still Usd bearish.

Good trades everyone.

melb th 00:52 GMT January 30, 2003 Reply   
NoodyG// Many thanks. Seems like they are tempting you with 76 but not wanting to meet you on 75.

Brisbane L. 00:49 GMT January 30, 2003 Reply   
Spr Noodygirl , how will this relate to the Euro and Aud many thanks

Toronto BA 00:46 GMT January 30, 2003 Reply   

Lots of different views on the Eur/Usd that is fer sure-
I am long, but underwater- hope it hits 1.0845 again so I can get out-

Spr NoodyG 00:45 GMT January 30, 2003 Reply   
Yep heard that link for years
kindly agree its 119.20 or 119.50 for me
opts defense expected at 119.40

yvr maxxim 00:44 GMT January 30, 2003 Reply   
1st.-2nd. lvl. support at 107.92 - 107.60

Brisbane L 00:42 GMT January 30, 2003 Reply   
Spr NoodyG Chinese Financial end of year buying USD , view would be appreciated . thanks

Brisbane L 00:40 GMT January 30, 2003 Reply   
Gold Coast th ok , yes possible that low if Euro tanks a bit,was also looking to pick some cheap Euro up . Reading below of the Chinese financial year close we may see the pull back everyone has been waiting for. GL

yvr maxxim 00:40 GMT January 30, 2003 Reply   
FWIW - 108.20 lvl. above long - below short GL/GT

Spr NoodyG 00:38 GMT January 30, 2003 Reply   
Melb TH
seeing some bids under 1.0805
then stoppies 1.0775
and cluster of em once 1.0750 goes
Fairly good guy sold
Missed the move
so now monkeying the Aud with a 0.5872 bid

Gold Coast th 00:35 GMT January 30, 2003 Reply   
Brisbane L. Hi...I don't trade the oz ..Euro gets me in enough trouble......But I think it could go as low as 5820..fwiw

Ga Lee 00:32 GMT January 30, 2003 Reply   
eur/$ 200 mav on the hourlies at 1.0758

Westminster rlh 00:31 GMT January 30, 2003 Reply   

fxi If completing "C" wave, what wave will we be on going back up.

Brisbane L. 00:29 GMT January 30, 2003 Reply   
Gold Coast's are you thinking of buying any aud today , was looking for 5850 but all this talk of Euro below 1.08 think we could see a clear out of USD longs later today, just a feeling - market seems to be ready ,especially after all the news yesterday with the cards now on the table - except the actual war games.

Brisbane L 00:26 GMT January 30, 2003 Reply   
Gold Coast th me too,

melb th 00:18 GMT January 30, 2003 Reply   
Its' not early asia time now. If you are chasing pips things may have changed for a few hours. Alternatively If wanting to take profit on bearish USD position a n hour or more will be worth waiting.

GER ad 00:14 GMT January 30, 2003 Reply   
If 1.0780 hold until Europe open we will see first 1.0835/45 again. IMHO 1.0790 - 1.0810 is a buy with a S/L (or S/R) at 1.0775/80. A break of 0.6550 EUR/GBP or 127.80 will suggest that EUR/USD is on the way to 1.0670 . GL & GT!

Livingston nh 00:11 GMT January 30, 2003 Reply   
Cable looks a sell here at 65 lvl --hourly weak and daily is rolling over

Gold Coast th 00:08 GMT January 30, 2003 Reply   
Goldcoast fxi Hi mate the only waves I understand are the ones hiting the beach infront of me... :-) (Not for lack of trying I might add)...But euro has just taken out 100ma on 60 ..and I think if 785 goes...It may overshoot to the down side......Next major date is UN feb 5.. etc etc

Melb RS 00:04 GMT January 30, 2003 Reply   
Seen v good USD buying across the board here in early Asia fwiw

Rome Angela 00:03 GMT January 30, 2003 Reply   
NY and Bel Air
you guys are real good at this. i am in right back in the game
Thanks a lot and Good luck

Goldcoast fxi 00:02 GMT January 30, 2003 Reply   
eur$
IMO looks completing shortly "c" of a flat "abc" retracement from 1.0907. - probably down to 1.0785/065 support, then back up ONCE more .

Ga Lee 00:02 GMT January 30, 2003 Reply   
That's what makes a market Angela..

melb th 00:02 GMT January 30, 2003 Reply   
We may know in a few seconds time or there again an hour.

yvr maxxim 00:01 GMT January 30, 2003 Reply   
New book being written on, how (NOT) to read the charts.LOL

Rome Angla 00:01 GMT January 30, 2003 Reply   
Bel AIR
thanks a lot. i really appreciate that. i got it this time.

 




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