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Forex Forum Archive for 01/09/2004

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Perth AS 23:56 GMT January 9, 2004 Reply   
Reserve could decide to hold its fire
It might not come that soon, however. Data on retail sales and building approvals for November are, in many respects, ancient history. We do know that since the RBA raised rates last year, more important forward-looking indicators of the housing market tanked: auction clearance rates slumped, sales of property investment books have dried up, and surveys suggest that more investors are looking at blue-chip stocks than red-brick homes.

Ldn 23:45 GMT January 9, 2004 Reply   
French Finance Minister Mer says he hopes that the G7 will 'clarify and stabilize' things when they meet in Boca Raton in early February. Chirac fretted earlier today about the impact of the strong EUR on French exports will BDF Governor Noyer said that recent FX moves must be hurting exporters

reuters

nyc sa 23:23 GMT January 9, 2004 Reply   
cnbc says : PRES.Bush will announce an economic initiative next week to send a space shuttle to the moon and then to MARS ! as our american friends like to say about their stocks "to the moon baby" ,I would say about euro and gbp and swiss franc to the moon baby when this initiative is announced . LOL LOL LOL

nyc sa 22:15 GMT January 9, 2004 Reply   
Merci bien Geneve ,some swiss bank said a break of 1.23 could send $/sfr reeling to 1.11 ,do u agree ?

Geneve 21:14 GMT January 9, 2004 Reply   
nyc sa 21:03 GMT January 9, 2004

$/CHF should find a bottom for this year around 1.19 and gbp
around 1.89. then a see a pretty strong correction, back to 1.40 $/chf. but dont try to peak a bottom in this market.

nyc sa 21:03 GMT January 9, 2004 Reply   
Geneve what's ur view on $/sfr ? which direction ? also sterling ?

Geneve 20:50 GMT January 9, 2004 Reply   
NYC-if 10600 will hold you will buy very cheap stocks later on
Greatweekend

NYC SAM 20:48 GMT January 9, 2004 Reply   
...salt and pepa....lol....I'm kinding....I would love to buy stocks with Dow @ 9.000.
nice weekend!.

Geneve 20:42 GMT January 9, 2004 Reply   
What you mean cook?

NYC SAM 20:40 GMT January 9, 2004 Reply   
Geneve 20:37 // it's all cooked.....13333 in 3 months...

Geneve 20:37 GMT January 9, 2004 Reply   
NYC SAM 20:30 GMT January 9, 2004

I am not sure, I think we are in a bear market rally. 10600
should hold.

Geneva 20:35 GMT January 9, 2004 Reply   
Next week we will test abit higher 1.2890/9, then a larger
correction will start to 1.22

NYC SAM 20:30 GMT January 9, 2004 Reply   
Geneve......you should have bought your stocks last year! This Dip is very good to buy, DOW will make new records soon....

Mtl JP 20:25 GMT January 9, 2004 Reply   
Michelle Hayes 20:17 / maybe get better response - if you re-post there -> on the HELP forum (also search the HELP forum Archive)

brisbane sunstate 20:09 GMT January 9, 2004 Reply   
Det tm 19:48 GMT
If they had done nothing yen would be a lot lower now so i think their intervention worked to a point, now traders will be worried about possible boj intervention at 106.00
gl gt

Geneve 19:56 GMT January 9, 2004 Reply   
A blow-off top in nasdaq, we are probably at or near a major top in the stock market, maybe a big selloff will wake-up the fed and we let them understand that there is no win win game.

Det tm 19:48 GMT January 9, 2004 Reply   
About 12 hrs. ago was thinking perhaps BoJ had reason
to think that employment report #'s were going to be
USD bullish & that they were getting a jump on getting
a bang for their intervention effort. Dead wrong! Am glad
I did'nt trade off that & glad I did'nt share my paranoid
logic with anyone before #'s came out. GL & GT all.

Van jv 19:19 GMT January 9, 2004 Reply   
I am drawing attention to the 6% decline which must be painful for EUR business and wonder why Trichet and possibly all ECB are so careless about the damage to Euroland...just compare to BOJ -they take a stand for their country.......

NYC YIPPEE 19:14 GMT January 9, 2004 Reply   
GEP Several GBPUSD fixing orders to go through market on Monday. I sense 1.8550 before 1.8350.

(Which is against my book FWIW).

Geneve 18:54 GMT January 9, 2004 Reply   
Van jv 18:51 GMT January 9, 2004

where is your cost?

Van jv 18:51 GMT January 9, 2004 Reply   
Dollar mid. term decline exceeded my expectation 1.25 /6 ---have underestimated momentum and expected EUR pullback to 120 zone----still consider this last 2 month move ovedone .....from 1.14 to 1.28 gives about 6% /Month which exceed 3% considered as an orderly move limit......./since Sept. about 5%/..... hesitating to add to long USDCHF as I dislike adding to loosing position

la saint3 18:43 GMT January 9, 2004 Reply   
Dallas Gep ...

Do you think it is a good idea?

Dallas GEP 18:36 GMT January 9, 2004 Reply   
Well ML, what would you think about a short on pound from here 1.8450 and leaving it open over the weekend????

Mtl JP 18:33 GMT January 9, 2004 Reply   
nh 18:06 / seems thse are the choices:
a rates will go up in 04
b rates will go down in 04
c low employment will -> help rates go down -> low rates will help the economy
d low rates will hurt the economy
e Greenspan thinks HE will decide IF rates go up or down

for Q see POL

nyc tony 18:23 GMT January 9, 2004 Reply   
Well once again the goose tipped the markets hand but it had a bit too much enthusiasm for me. I havent bitten the bullet yet and I'm not going to say where I will. I think this trade has HUGE potential from here and I added more long $/cad from here. the badda bing beckons. lol

nyc jk 18:23 GMT January 9, 2004 Reply   
ok cheers Geneva. yes agreed there, the current policies have potential to lead to problems down the road.

Geneva 18:19 GMT January 9, 2004 Reply   
nyc jk 17:58 GMT January 9, 2004

You are right, but the real problem is that those day the one who lead the world and the US policy is Bush and rumsfeld not greenspan. thats why you have a very aggresive policy, it is THE MOTHER OF THE DEVALOATION. in one side he devalue the dollar, keeping rate low and creating a new stocks bouble.
its a combination of bush father and Clinton policy. If it will work greate, but if not the biggest disaster

NC TS 18:14 GMT January 9, 2004 Reply   
BOJ bought USD/JPY at 85.00 through 105.00 in early mid nineties. Then sold USD/JPY at 145.00-130.00 in 1998 or so. Now they are buying at 116.00-100.00 probably..... seems to be a good trade to me in the L/T.

Livingston nh 18:13 GMT January 9, 2004 Reply   
That should be March 1995 Fomc meeting -(dollar lows)

SBP Mike 18:10 GMT January 9, 2004 Reply   
ML
What do you think of possibility that gbp/usd short (medium) term top is in place? TIA

Livingston nh 18:06 GMT January 9, 2004 Reply   
FWIW - the Fed is very concerned about politicization or being used to support currency or equities (G'span while concerned let the equity bubble run) and as far as currencies go check the telephone conference and March Fomc minutes about Rubin's Mexico adventure and attempt to pull the Fed along- also 1997 FOMC transcripts during Asian meltdown

ICT ML 17:59 GMT January 9, 2004 Reply   
Git my eye on a potential hourly MACD bearish divergence trying to complete on GBP/USD...if it comes down hard from this level and completes it, , we could see a pullback to 1.8050-1.8100 area & maybe even 1.7860 next week......but it is only a remote possibility right now in my book.

nyc jk 17:58 GMT January 9, 2004 Reply   
Geneva - what books? I am not saying the Fed doesn't CONSIDER equity and currency values when setting monetary policy, however they do not TARGET these values. Other central banks such as NZ in the past have used a formal monetary conditions index to target ccy/interest rate levels but the Fed doesn't do this. Show me one Fed policy statement, minutes of meeting, Greenspan speech etc where they say they target ccys or equities. You won't find it....

Nassau QF 17:54 GMT January 9, 2004 Reply   
Thanks ML :)

nyc jk 17:51 GMT January 9, 2004 Reply   
GV - any particular reason for deleting my post?

Geneva 17:44 GMT January 9, 2004 Reply   
nyc jk 17:22 GMT January 9, 2004

This is in the books.....!!!!!!

india sunil 17:41 GMT January 9, 2004 Reply   
but now..price move there from today high

ICT ML 17:40 GMT January 9, 2004 Reply   
QF.........Big George and some other (at the time) Big Time hedge fund traders, declared the pound to be grossly overvalued, and started to hammer it using the DM...then everyone and their DOG started selling short the pound ( much like they are trying to do to the USD I might add......) and it collasped in 2 months time....

You ought to read about it sometime.....it was a fun time.

india sunil 17:38 GMT January 9, 2004 Reply   
mr raden say
euro will get 1.2746 but may be not for today
i am his secratery

india sunil 17:38 GMT January 9, 2004 Reply   
mr raden say
euro will get 1.2746

Nassau QF 17:35 GMT January 9, 2004 Reply   
Thanks GEP, sorry for all the questions.
I normally look things up for myself but I'm feeling weary after a long night :)

Dallas GEP 17:33 GMT January 9, 2004 Reply   
QL=QF

Dallas GEP 17:32 GMT January 9, 2004 Reply   
Hellll QL I dunno, I was still in high school!! (JUST KIDDING). I am not sure what the circumstances were at the time.

Bratislava MB 17:32 GMT January 9, 2004 Reply   
Bratislava, can you give me that number again I didn't get it. english pls in this forum

Nassau QF 17:29 GMT January 9, 2004 Reply   
Thanks ML and GEP.
Was that election uncertainty that prompted that high?

hk ab 0.88 eur/gbp 17:29 GMT January 9, 2004 Reply   
Is BC in yet? interesting....
eur didn't hit my order at 1.29.

hk ab 0.88 eur/gbp 17:27 GMT January 9, 2004 Reply   
audcad key day reversal......fwiw

ICT ML 17:27 GMT January 9, 2004 Reply   
should be 2.0100...sorry

Dallas GEP 17:27 GMT January 9, 2004 Reply   
QF, last time Pound was at this level or HIGHER was 9/1/1992 and high was 2.0100

ICT ML 17:26 GMT January 9, 2004 Reply   
Nassau QF 17:20 ....fell through it from 1.2010 to 1.4060 in Sept to Oct of 1992......

EU ZORRO 17:26 GMT January 9, 2004 Reply   

...Bratislava MB 17:13....For today maybe......

...but not for the month or the year....

...Keep Buying EUROS....!!!!

have a nice weekend all

GENEVA FHR 17:24 GMT January 9, 2004 Reply   
STG last 1.84.70 sept 92

nyc jk 17:22 GMT January 9, 2004 Reply   
PAR 17:06 GMT January 9, 2004

Well Geneva may think you are 100 % right, but in fact you are wrong. The Fed targets neither Equity price levels nor USD levels, not to mention the small fact that the US Treasury is responsible for setting currency policy, not the Fed.......

Nassau QF 17:20 GMT January 9, 2004 Reply   
Does anyone know the last time GBP/USD reached 1.8470?

Dallas GEP 17:17 GMT January 9, 2004 Reply   
MB, I think we will get a late day rally.

USA Biscuit Boy 17:16 GMT January 9, 2004 Reply   
Interestingly aussie which has enjoyed real money buying did jack today......

Bratislava MB 17:13 GMT January 9, 2004 Reply   
Is eur/usd raly over for today? opinions pls.

Geneva 17:12 GMT January 9, 2004 Reply   
Par- You are 100%, It will bring a global disaster longer term.

PAR 17:06 GMT January 9, 2004 Reply   
Looks like FED is intervening in stock market instead of in forex market. Fed is targetting DOW level instead of dollar level.

USA Biscuit Boy 17:05 GMT January 9, 2004 Reply   
Hi guys just checked the action last night and this morning. I just can't understand this BOJ intervention. Why don't that follow it up with holding the line at say 107 instead of just letting it slide back down. Does it really cost that much more to hold 107 than say 106. Or even 108 since they got it up there???

Nottingham 17:02 GMT January 9, 2004 Reply   
Lndn Frnd 16:28:

Good point re gap...I would guess early next week but I'm bound to say that I won't be looking for it as far as opening a short position goes...instead I will look to long at 1.2785/80 and then on the filling of your gap if seen...otherwise I will be happy to continue playing contra>>>will short 1.2920-1.30 Monday or today near to 1.29 if seen later on...GL GT

Lndn Frnd 17:01 GMT January 9, 2004 Reply   
what was life high in euro after being introduced and if any importance for today's gap around 12770 and when can be filled

Dallas GEP 16:52 GMT January 9, 2004 Reply   
OK Sam, yeah I agree with you as well on that RE position trading and the EURO

Alicante RTN 16:52 GMT January 9, 2004 Reply   
Sorry, but 1.2855 (of course)

Alicante RTN 16:51 GMT January 9, 2004 Reply   
Due to lack of follow-through after 1.2755 is broken, some chips are off the table as eurusd longs are closed at 51 and usdjpy shorts at 54.

Suspect fresh USD short positions can be entered at better levels

rakesh hyderabad 16:50 GMT January 9, 2004 Reply   
sell gold at 424$ for a target of 412.6$

Miami OMIL 16:49 GMT January 9, 2004 Reply   
GEP, squeezing the last drop of whiskey in the bottle again. Good move on the swissy. I am out of here guys a bit of R&R for me now. Everyone have a good weekend. (/;->

ML you have mail.

slv sam 16:48 GMT January 9, 2004 Reply   
Dallas GEP 16:38 /
agree. i meant those position traders.GT

GENEVA FHR 16:47 GMT January 9, 2004 Reply   
In the long run all central bank holdings US$ are losers.
I dont think boj is going to sell theirs $ holdings ever.

Dallas GEP 16:46 GMT January 9, 2004 Reply   
Some great calls this week Raden!!! Have a nice WE!!!

Nassau QF 16:45 GMT January 9, 2004 Reply   
Hope your weekend is a good one Raden :)

Indonesia Solo raden_masandi 16:43 GMT January 9, 2004 Reply   
I must go home.
have a nice your week end.
my message : I still suggest on the usd bullish now.

Dallas GEP 16:40 GMT January 9, 2004 Reply   
ML, I should done a TP and reverse on that USD/CHF Short I had from 1.2197 and I would have made about 30 PIPS each way instead of just the one trip down.

GER ad 16:38 GMT January 9, 2004 Reply   
Sydney2 16:25 GMT
You are wrong, on the long run they made a lot of money in interventions and as second if you are selling own currency you need only paper and ink (LOL!).
In the intervention history only CB that bought own currency could be beat.

Dallas GEP 16:38 GMT January 9, 2004 Reply   
Sam, the market doesn't go one way long enough for most people to just take a euro long and hang on. If you could hold a 200-300 pip loss then YEAH, that would work but for most people with a 30-50 PIP loss tolerance it's not as simple as that.

dc fxq 16:36 GMT January 9, 2004 Reply   
WASH dc Tempus 16:24 GM

if so it is on behalf of BoJ.

ICT ML 16:35 GMT January 9, 2004 Reply   
well, that isn't the bottom of the weekly $swiss channel like I thought, just an hourly one from mid December.....so might not be buying into it yet now...

mex sjs 16:33 GMT January 9, 2004 Reply   
la igrok , are u around? what is ur view for usdchf? TIA

slv sam 16:33 GMT January 9, 2004 Reply   
as the market is going one way so i assume there are few US$ buyers but still must be some people who like to loose!! this i do not understand! it is very simple market to make a furtune..and it has been for 2 years or so...buy euro and if necessary accumulate...and sell $/y at every spike up...try it ..and you should feel better!GT

Dallas GEP 16:32 GMT January 9, 2004 Reply   
ML, BB's are belling out at 45 degree angles BUT stoch is starting to turn up.

Dallas GEP 16:30 GMT January 9, 2004 Reply   
Thanks ML, I think we will get at least TWO more dollar bear runs before end of day. I would like to long usd/chf from around 1.2165

PAR 16:30 GMT January 9, 2004 Reply   
/SanFra Including Mexican workers will reduce productivity miracle as will paying salaries instead of giving stock options.

Alicante RTN 16:28 GMT January 9, 2004 Reply   
Looks like BOJ is spending some funds on usdjpy

Lndn Frnd 16:28 GMT January 9, 2004 Reply   
what was life high in euro after being introduced and if any importance for today's gap around 12770 and when can be filled

ICT ML 16:27 GMT January 9, 2004 Reply   
GEP, nice, closed @ channel bottom on Swissy, think it is time to long $swiss from this channel bottom if it holds. Need to check my weekly first though...think this is it though

Sydney2 16:25 GMT January 9, 2004 Reply   
Up to now, BOJ is an absolutely loser, what a shame! Hope it wil spend more money next time!

wASH dc Tempus 16:24 GMT January 9, 2004 Reply   
Rumor Fed Checking Rates

SanFrancisco tg 16:24 GMT January 9, 2004 Reply   
PAR - Bush put restoring the nations corporate stability and potency post 9/11 / 1990's scam era ahead of jobs in priority and rightfully so. Without the shot of adrenaline and repair work we would be headed for major depression like conditions and possibly worse due to outside threats and need for defense/security spending. It would carry over to your floundering economy as well.

The productivity of the US is also simply becoming a norm in the dynamics due to technology. The greater flexibility of corps will lead to hiring, it takes time and this isn't disneyland lately.

Latest figures show business spending increasing and the job reports are moving ahead gradually (see my archive).

Wild card is interest rates moving up after re-stability is achieved.

beijing road 16:23 GMT January 9, 2004 Reply   
Dallas GEP :excellent .lol

Thess/nk 2004 nk 16:22 GMT January 9, 2004 Reply   
Good Evening..

Think the Biggest Move of Euro will come soon..

Watch $/chf on a break of 1.20 line ..cos in my opinion IF will be under 1.20 and break 1.1836 will Dip fast..

Have a nice weekend!

nk

GENEVA FHR 16:21 GMT January 9, 2004 Reply   
Rumours FEd on behalf of BOJ

Dallas GEP 16:19 GMT January 9, 2004 Reply   
Road, is that good or bad????

beijing road 16:19 GMT January 9, 2004 Reply   
BOJ comes in again?

GER ad 16:17 GMT January 9, 2004 Reply   
Next push if will come EUR/JPY at 137.10/15 and than some pull back is possible IMHO.

new york ys 16:17 GMT January 9, 2004 Reply   
Good morning and good night, thanks for all your help. Have a good one.

beijing road 16:17 GMT January 9, 2004 Reply   
Dallas GEP : u r really a quick gun lol.

Wiarton H 16:15 GMT January 9, 2004 Reply   
Would still like to see swissy 1.2155

NYC YIPPEE 16:13 GMT January 9, 2004 Reply   
NYC YIPPEE 06:07 GMT January 9, 2004
Not short, took profits.

NYC YIPPEE 06:04 GMT January 9, 2004
FWIW Sold USDJPY @ 107.50

PAR 16:13 GMT January 9, 2004 Reply   
Greenspan keeps on printing currency like they did in Zaire.

Indonesia RV 16:12 GMT January 9, 2004 Reply   
add euro shorts at 1.2860...and think of how i am going to spend all the profits

ICT ML 16:11 GMT January 9, 2004 Reply   
OMIL, check your mail in a few.......

ICT ML 16:11 GMT January 9, 2004 Reply   
OMIL...same as your settings.

ICT ML 16:10 GMT January 9, 2004 Reply   
I'm going to say 1.8350 looks like the next must hold intraday breakout support level for GBP/USD, and from where the next set of targets are calculated from. I'll work on them in a bit.

Indonesia Solo raden_masandi 16:10 GMT January 9, 2004 Reply   
maybe help you.
price move up still with weaknes of strength. still under sell signal. I think 1.8481 is posible as a top/

Miami OMIL 16:08 GMT January 9, 2004 Reply   
Every day you learn something new. Thanks for the info ML I did not know that what settings do you use on the fast and slow stochs. (/;->

Dallas GEP 16:08 GMT January 9, 2004 Reply   
OH well OMIL, missed it by an hour!!!! LOL

madrd val 16:07 GMT January 9, 2004 Reply   
PAR, this Bush still has room to challenge Senior Bush 1.30 USDM mark

Dallas GEP 16:07 GMT January 9, 2004 Reply   
Closed short USD/CHF @ 1.2169

Tallinn viies 16:05 GMT January 9, 2004 Reply   
sorry for not answering,. too busy here...
messing with Ldn oil shhhhhhh.

Miami OMIL 16:04 GMT January 9, 2004 Reply   
You are to slow GEP it just broke it. (/;->

LAX-LGB SNP 16:04 GMT January 9, 2004 Reply   
almost done for today

EURJPY quarterly shows price staying well bid above Dec'03 closing levels of 135.15 ... nearest upside resistance arrives from falling TL @ 143.28

if GBPUSD pauses for breath @ 1.8760 (July '90 close)

then EURGBP will break past falling TL @ 0.7087 and aim for 0.7130 (Jan'97 high)

ICT ML 16:03 GMT January 9, 2004 Reply   
Miami OMIL 16:01 GMT January 9, 2004
new york ys 15:44 GMT January 9, 2004

I do use them (slow and fast) together in the same indicator channel, superimposed on one another, and it is called "sling shotting" when using for pullback opps within the trends. Works very nice for me usually.

Dallas GEP 16:02 GMT January 9, 2004 Reply   
That EUR/USD will need to break 1.2850 for this USD/CHF to work and I think it WILL in next hour but maybe not NOW

Miami OMIL 16:01 GMT January 9, 2004 Reply   
new york ys 15:44 GMT January 9, 2004
Sorry I did not answer the question, yes you can use stochs to give you an indication on were the herd is going. I sometimes use 14-3-3 slow and 50-3-3 slow. I never mix the slow stoch with the fast stoch. (/;->

london cam 16:00 GMT January 9, 2004 Reply   
Tallinn viies 15:56 GMT January 9, 2004

who or what is 'buba'?

beijing road 15:59 GMT January 9, 2004 Reply   
Forget anything else to focus on the major trend!

Indonesia Solo raden_masandi 15:57 GMT January 9, 2004 Reply   
chicago Irish,
because still on the weaknes of strenght I still can not see the stp.

Dallas GEP 15:57 GMT January 9, 2004 Reply   
Shorted USD/CHF @ 1.2197

PAR 15:57 GMT January 9, 2004 Reply   
Would a Howard Dean presidency be dollar positif ? Worse than Bush looks impossible ?

Dallas GEP 15:56 GMT January 9, 2004 Reply   
raden, This pound is going ballistic

Tallinn viies 15:56 GMT January 9, 2004 Reply   
buba @ 1,2850

ICT ML 15:56 GMT January 9, 2004 Reply   
The overshoot target on GBP/USD would be 184.99, have a trend line there

Miami OMIL 15:55 GMT January 9, 2004 Reply   
ML (beast-master) good call on cable, looks like you are back to your winning ways. (/;->

Hong Kong nt 15:55 GMT January 9, 2004 Reply   
HK AB--.7777 oda was filled...

Miami OMIL 15:53 GMT January 9, 2004 Reply   
new york ys 15:44 GMT January 9, 2004

Stochs are momentum indicators but you cannot rely on them to tell you when it is oversold or overbought all the time IMHO. (/;->

Indonesia Solo raden_masandi 15:52 GMT January 9, 2004 Reply   
gbp/usd when at 1.8340
yeah..step by step price give me information.
for nearest target for make dominou effect price will get 1.8383 maybe for today.

Dallas GEP 15:49 GMT January 9, 2004 Reply   
Point of Logic guys, with us making new highs, WHY would we expect the dollar to rebound today?????

Chicago Irish 15:48 GMT January 9, 2004 Reply   
What's your stop on that Raden? Congrats on recent calls :-)

Indonesia Solo raden_masandi 15:48 GMT January 9, 2004 Reply   
Nassau QF 15:43 GMT January 9, 2004
difficult to answer, because I still learn about corelation price with time like Gann.

Dallas GEP 15:47 GMT January 9, 2004 Reply   
Guys don't forget London closes in 15 minutes. This small dollar surge COULD be the English bouts TP and squaring.

ICT ML 15:46 GMT January 9, 2004 Reply   
re: GBP/USD.......1.8453-62 is my MAX measured move fib projection target I mentioned last night for this move from 1.8101....so I say it hit close enough ;-)...and I'd close intraday longs up here as close to 1.8450 as possible. Could see an overshoot but come on...160 +/- bpips is good enough for a day trade isn't it?!....LOL

Indonesia Solo raden_masandi 15:46 GMT January 9, 2004 Reply   
eur/usd will down to 1.2746 for first target

Alicante RTN 15:46 GMT January 9, 2004 Reply   
There is a decent chance that a late Friday afternoon rally in thin markets not keen to hold USD longs over the week-end may cause eurusd to top 1.2755 and cause a good short-squezze higher.

I am staying with my euro & jpy longs to see what happens.

new york ys 15:44 GMT January 9, 2004 Reply   
Miami OMIL

Novice question. Do you use the fast and the slow stochs together to determine oversold/bought conditions. THanks in advance.

HK EL 15:44 GMT January 9, 2004 Reply   
i BELIEVE YOU RADEN LET'S DIE TOGETHER ( OR WIN )

Nassau QF 15:43 GMT January 9, 2004 Reply   
Raden, that 1.8199 is today or next week?

Indonesia Solo raden_masandi 15:40 GMT January 9, 2004 Reply   
LA saint3.
I am confidence with 1.8199

Miami OMIL 15:40 GMT January 9, 2004 Reply   
new york ys 15:27 GMT January 9, 2004
If you have taken your profits already then I would call it a day and get ready for next week. (/;->

Indonesia Solo raden_masandi 15:39 GMT January 9, 2004 Reply   
I inform you now price give me change information that price will down so far for first target at 1.8291 and too early if I give bottom at 1.8199
forget it 1.8337 !!

Miami OMIL 15:37 GMT January 9, 2004 Reply   
new york ys 15:27 GMT January 9, 2004

Miami OMIL 14:35 GMT January 9, 2004
FWIW the eur/usd looks like it is using the previous resistance 1.2800-10 as a support for the moment. Stochs are turning up so we may see a retest of the 1.2850 resistance line before the day is over IMHO. (/;->

la saint3 15:36 GMT January 9, 2004 Reply   
raden. .
how far will it fall from 8440 in your view?

TIA

Dallas GEP 15:33 GMT January 9, 2004 Reply   
JB, starting next week I think I will post possies on a smalll account to see if that theory can be proven out in real time. Should be interesting.

london rb 15:31 GMT January 9, 2004 Reply   
re dallas gp...

true but i had heard that 50 was a euro cb so can see what u mean but cant see them sitting there then allowing it higher after, but agree for next week we see further moves higher...

NC TS 15:27 GMT January 9, 2004 Reply   
1.2855 s/l barely alive, but short euro here still short average 1.2780. 1.2855 the feb 86 high

new york ys 15:27 GMT January 9, 2004 Reply   
Closed Euro Position at 2830. Looks like the Euro is ready for another assault higher, is there a certain price break that I should look for to buy one more time. THanks

Indonesia Solo raden_masandi 15:24 GMT January 9, 2004 Reply   
gbp/usd now is like climb the wall with strength weaknes.
hope not to worry your selling. I think if 40 minutes again price below 1.8430 that's good for down.
gravity rule?

Dallas GEP 15:24 GMT January 9, 2004 Reply   
Shorts on USD/CHF should TP here IMO.

Adelaide albbar 15:24 GMT January 9, 2004 Reply   
farmacia 15:15 GMT
thanks, appreciate your comments very much.

Dallas GEP 15:23 GMT January 9, 2004 Reply   
RB, you may be right but these last minute euro rallys on Fridays happen frequently.

LAX-LGB SNP 15:22 GMT January 9, 2004 Reply   
Nassau QF 15:06 GMT January 9, 2004
everyone including the Fed wants a weak USD so why get in the way ? the $ is our currency but their problem and in this global economy, the weak are profitable since they can sell more
also UK rates are higher than US

beirut jb 15:20 GMT January 9, 2004 Reply   
Dallas GEP 15:12 GMT
Los Angeles 15:08 GMT

hi mate, well I doubeled my acc in one day , but was a small acc ~5k

So I think that ammount of cap invested count,

double 1 M$ in 2 month may be mouch tougher than double it
for a 10k capital

just my opinion, but interesting issue to share how % we can
make in 1month,1quarter ,1year so pitsters plz share :)





Dallas GEP 15:20 GMT January 9, 2004 Reply   
Raden, GBP is VERY bullish!!!!

london rb 15:19 GMT January 9, 2004 Reply   
re dallas gep...think eur is too heavy at 50 level wud like to see 1.29 today but cannot see it myself

Indonesia Solo raden_masandi 15:17 GMT January 9, 2004 Reply   
Dallas GEP.
I suggest you to sell more gbp/usd here at 1.8440 area

Dallas GEP 15:16 GMT January 9, 2004 Reply   
I predict we WILL see 1.29 today. Look for a possible spurt LATE in the trading day.

melbourne farmacia 15:15 GMT January 9, 2004 Reply   
Adelaide albbar 15:03 GMT January 9, 2004
I'm only here for a few more mins, but i would like to see gbp/usd 1.8470 printed by closed. If not expect bit of profit taking down to around 1.8380 zone. ( maybe )

Indonesia Solo raden_masandi 15:15 GMT January 9, 2004 Reply   
Dallas GEP.
in this situation I don't want suggest to buy. in my system give me information price will go to 1.8337 area. Now I am not see 1.8380 as support.

beijing road 15:12 GMT January 9, 2004 Reply   
cable just made new high.

Dallas GEP 15:12 GMT January 9, 2004 Reply   
Well LA, I haven't done that yet!!! LOL But it is in my view VERY doable. Obviously some days you will take a loss.

Tasmania 15:12 GMT January 9, 2004 Reply   
arge Asian central bank seen offering EUR/USD at 1.2850 highs, still on the offer at 1.2825-30, says NY dealers

Montreal MrN 15:10 GMT January 9, 2004 Reply   
Just an advice. There's at least one dealer who's Forum window doesn't support scrolling. Use the direct link:

http://www.global-view.com/beta/forums/forum.html?f=1&s=

Alicante RTN 15:10 GMT January 9, 2004 Reply   
EURSEK may be a goodshort from these levels (9.1150) as EURNOK is correcting big-time, the temporary lift from the surge in eurusd and the cross's tendency to be bought during eurpean daytime and sold during the rest of the day kicks in.

Many are long from above 9.12 and a move below 9.10 (and more significantly below 9.07) will start a squeeze.

Sell rallies with s/l above recent high at 9.1460.

Tasmania 15:09 GMT January 9, 2004 Reply   
BUBA said to be selling Euro

Dallas GEP 15:09 GMT January 9, 2004 Reply   
Raden 1.8383 was previous resistance now STRONG support

Los Angeles 15:08 GMT January 9, 2004 Reply   
Dallas GEP 14:44 GMT

So in less than 2 months, you can double an account. Thats a 500% return on the year, Using the lowball 1k a day. Well done.

Nassau QF 15:06 GMT January 9, 2004 Reply   
LAX-LGB SNP, do you think it could reach 2.0?
Is the GB economy that much better than US right now?

Dallas GEP 15:06 GMT January 9, 2004 Reply   
Some of this dollar bullishness NOW MAY BE London squaring out.

beirut jb 15:05 GMT January 9, 2004 Reply   
sorry gus , data at 15:30 GMT
USD Leading Indicator Index (Nov) MoM

may be with no much impact

Saihat 15:04 GMT January 9, 2004 Reply   
1.5695 eurchf -top

Indonesia Solo raden_masandi 15:04 GMT January 9, 2004 Reply   
gbp/usd now give me information will go to 1.8337
let's see..

Tallinn viies 15:04 GMT January 9, 2004 Reply   
FWIW
rumour buba sitting on top of euro

Adelaide albbar 15:03 GMT January 9, 2004 Reply   
farmacia - may I ask how you see cable movement in this US
session?
Tks, GT

Lahore FM 15:02 GMT January 9, 2004 Reply   
jb,
What data is due yet?

LAX-LGB SNP 15:02 GMT January 9, 2004 Reply   
Warwick Sat 14:09 GMT January 9, 2004
thanks ... but even a broken clock shows the correct time twice a day

Nassau QF
Sept 03 quarterly close is same as Sept 89 (after which price topped out @ 2.0040)

Tasmania 15:01 GMT January 9, 2004 Reply   
beirut jb what data tks

Porto PJT 15:01 GMT January 9, 2004 Reply   
UK leading indicators

beijing road 14:59 GMT January 9, 2004 Reply   
EUR/chf high is 1.5807 on my platform. anybody sees this?

Dallas GEP 14:59 GMT January 9, 2004 Reply   
JB what data is that????

Indonesia Solo raden_masandi 14:58 GMT January 9, 2004 Reply   
about gbp/usd when at 1.8340
now too risky if support buy. will be expensive experience(IMO) because now in the top area.

beirut jb 14:57 GMT January 9, 2004 Reply   
traders be careful data coming in 5 minutes

melbourne farmacia 14:57 GMT January 9, 2004 Reply   
shanghai bc 14:46 GMT January 9, 2004
At least BOJ put some " life " into our very flat looking dollar yen charts. GT

Nassau QF 14:56 GMT January 9, 2004 Reply   
GBP/USD?

This is the highest in more than 10 years.
Surely it cant hold this level.

How low do you think it will drop?

Miami OMIL 14:55 GMT January 9, 2004 Reply   
Good to hear GEP I am also experimenting with pip raiding as of lately too it is good to see your comments again. (/;->

Livingston nh 14:52 GMT January 9, 2004 Reply   
Could the Fed cut rates again? some talk about the strength of the US recovery - Q4, of course, not expected to be as strong as Q3 BUT ISM employment manuf. figs and declining weekly claims for unemployment gave false hope that jobs would pick up // one thing to consider is that the labor force usually expands as hiring picks up - it fell big time today

Not a trend yet but could get tougher for the Pres and without the big re-fi and tax rebate money the US consumer could cut back in Q1 -

Canada employment rolls along for the second straight month (+53k - double the expectations)

Dallas GEP 14:51 GMT January 9, 2004 Reply   
Remeber friends: "You are in the most imminent danger of being WRONG when you the MOST positive of being RIGHT"

Rule number ONE: FX trading

Indonesia Solo raden_masandi 14:49 GMT January 9, 2004 Reply   
really price want to get bigger selling attack for eur/usd and gbp/usd now.

melbourne farmacia 14:46 GMT January 9, 2004 Reply   
beijing road 14:40 GMT January 9, 2004
Correct Road. But will check again over weekend and post monday.

shanghai bc 14:46 GMT January 9, 2004 Reply   

Nice to be BOJ..Give me a half trillion Dollars and I will make fun of any currency,major or second liner, for a long time too..

Dallas GEP 14:44 GMT January 9, 2004 Reply   
OMIL, I appreciate your post my friend. Quite frankly the first part of last year was incredible, middle part was OK, and the last two months were BAD. I quit posting as much last two months because I felt my timing was off and I lost some of my FEEL for the market during this time.

However I feel VERY good about this year because market is moving more and I think that banking 15-20 PIP gains is a very good strategy for the new year. On smaller accounts of say 50K or less I think one could earn 1-2K a day using this strategy.

Stockholm za 14:41 GMT January 9, 2004 Reply   

fwiw .. EUR/USD >>
value P ~ 1,2815 at the moment......
~1,2763 = clip
69,8% BU inside todays range...
Love Forex.. Happy trades

Indonesia Solo raden_masandi 14:40 GMT January 9, 2004 Reply   
Indonesia RV,
are you fahri wife ? from i-biz ?

beijing road 14:40 GMT January 9, 2004 Reply   
melbourne farmacia:
I remember that you said Feb 6 is a major turning period for eur/usd, is my memory correct? thanks.

melbourne farmacia 14:37 GMT January 9, 2004 Reply   
Indonesia RV 13:26 GMT January 9, 2004
I wish you all the best mate GT

Spotforex NY 14:36 GMT January 9, 2004 Reply   
The BOJ's change in tactic caught a sleepy market ahead of US payroll data....

two thumbs up for their timing - effectiveness of long term objectives is another issue.....

Miami OMIL 14:35 GMT January 9, 2004 Reply   
FWIW the eur/usd looks like it is using the previous resistance 1.2800-10 as a support for the moment. Stochs are turning up so we may see a retest of the 1.2850 resistance line before the day is over IMHO. (/;->

Spotforex NY 14:34 GMT January 9, 2004 Reply   
Dallas GEP 14:30 -

BOJ was on the bid for many, many days this year already. They apparently changed their tactics last night and PAID OFFERS aggressively....above 106.60 - other names joined the wave of $$ Buying.....

Miami OMIL 14:31 GMT January 9, 2004 Reply   
Looks like Jay will be busy today cleaning the forum. (/;->

Dallas GEP 14:30 GMT January 9, 2004 Reply   
BOJ uses surprise as they main ally in the timing of their interventions. They let usd/jpy stay @ 106.20 level basically all week long since Jan 5. WHY???? Simple, element of surprise BEFORE they intervened. Don't count on them being at 106.20 again either

Montreal MrN 14:29 GMT January 9, 2004 Reply   
No link there, censored. Type the full address, please.

slv sam 14:29 GMT January 9, 2004 Reply   
i will sell euro together with ECB at 1.30 level!GT

Gen dk 14:28 GMT January 9, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

beijing road 14:23 GMT January 9, 2004 Reply   
I raise stop from 1.2550 to 1.2650 for eur long position and go with the trend.

Indonesia Solo raden_masandi 14:21 GMT January 9, 2004 Reply   
IMO.
actually if BOJ will make up usd/jpy now is easy now, because be supported by most of players, but why not action now?

Indonesia Solo raden_masandi 14:19 GMT January 9, 2004 Reply   
SA BOk.
you have contact Mr. Jay?
I use yahoo

SA Bok 14:14 GMT January 9, 2004 Reply   
Indonesia Solo raden_masandi - You have mail

Nottingham 14:14 GMT January 9, 2004 Reply   
Dallas GEP 14:02

If we see 1.29 I will begin selling mate...even ahead of it makes sense

beijing road 14:11 GMT January 9, 2004 Reply   
In my opinion, as new high was seen it indicates uptrend of eur has resumed. Trader can book profit here but there is no ample reason to buy usd for MEDIUM-term player. GL

Warwick Sat 14:09 GMT January 9, 2004 Reply   
Now this what I call a good call !

LAX-LGB SNP 10:41 GMT January 9, 2004
interesting formation on $chf 240/480 minute charts
expecting price to plunge in NYC IF session highs are not quoted

SA Bok 14:08 GMT January 9, 2004 Reply   
Sweden BM 14:06 - Non Farm Payrolls

Miami OMIL 14:08 GMT January 9, 2004 Reply   
Don’t see to many comments from you lately GEP (jedi_master) hope everything is ok with you. Hope you have a good and safe weekend. (/;->


NFP= non-farm payrolls

Sweden BM 14:06 GMT January 9, 2004 Reply   
Excuse a newbie question. What was the NFP +1000 that was mentioned earlier? What does NFP stand for? TIA

Indonesia Solo raden_masandi 14:06 GMT January 9, 2004 Reply   
for now. my system inform me that if market move high only make swing only and that's mean will get bigger selling emotion to make lower.

Dallas GEP 14:02 GMT January 9, 2004 Reply   
Road 1.29 wouldn't surprise me but I wouldn't bet on it!!!!

Dallas GEP 14:00 GMT January 9, 2004 Reply   
I concurr with OMIL and Road. I would wait at LEAST an hour before taking possie. Let this settle

beijing road 13:59 GMT January 9, 2004 Reply   
Dallas GEP : how u guess today's close price of eur/usd plz? thanks

Miami OMIL 13:58 GMT January 9, 2004 Reply   
The market has pushed eur/usd to 1.2845 almost touching 1.2850, which I have in my system as a resistance top for today. It is very dangerous now to place your bets it is better to let the market settle down and then analyze the next move IMHO. (/;->

beijing road 13:58 GMT January 9, 2004 Reply   
I still top -picking is very very dangerous.

Dallas GEP 13:54 GMT January 9, 2004 Reply   
This is typical. How could forecast be that far off and NO ONE anticipate it (analyst wise). In the stock market world there would be some BIG time inquiries for sure but this being forex, all seems normal (SNAFU).

Indonesia Solo raden_masandi 13:54 GMT January 9, 2004 Reply   
la saint 3.
I think yes too for aud.

beijing road 13:52 GMT January 9, 2004 Reply   
Tallinn viies :
still holding Eur long position now?

nyc jk 13:51 GMT January 9, 2004 Reply   
thanks viies, I guess they are the ones with the 1.2850 barrier to protect.

sf mike 13:51 GMT January 9, 2004 Reply   
Your uncanny Raden. Great calls.

Indonesia Solo raden_masandi 13:50 GMT January 9, 2004 Reply   
now most of players emotion will increase step by step for buy usd again for taking profit.

Tallinn viies 13:49 GMT January 9, 2004 Reply   
FWIW
heard china sold eur usd

Tasmania 13:48 GMT January 9, 2004 Reply   
Indonesia Solo raden_masandi do you see the aud lower also

la saint3 13:48 GMT January 9, 2004 Reply   

Hi raden,

You said reversal .. does that mean changing trend?

Thanks

Indonesia Solo raden_masandi 13:45 GMT January 9, 2004 Reply   
tasmania 13:41 GMT January 9, 2004
you are welcome.

Miami OMIL 13:43 GMT January 9, 2004 Reply   
Ldn Hat 13:38 GMT January 9, 2004

Nonfarm payrolls rose just 1k in December, well short of consensus (129k).
Revisions will probably take this number down even further IMHO. (/;->

tasmania 13:41 GMT January 9, 2004 Reply   
Indonesia Solo raden_masandi also aud thanks

Indonesia Solo raden_masandi 13:40 GMT January 9, 2004 Reply   
Bandung Dewan... ha..ha..ha..
Eur/usd too will get selling attack.
ALL WAS IDEAL now to reverse.

Indonesia Solo raden_masandi 13:39 GMT January 9, 2004 Reply   
gbp/usd have get ideal top now at 1.8437/48 area.
you can sell here.

Ldn Hat 13:38 GMT January 9, 2004 Reply   
Ay news about the data for US? Thanks

Ina- mr.co'z 13:37 GMT January 9, 2004 Reply   
Bandung Dewan 13:19 GMT January 9, 2004

DONE !!...

slv sam 13:37 GMT January 9, 2004 Reply   
Straight line to 1.30 level.still have a lot of pips of profit and still time to buy euro.shall liquidate remaining lots at 1.30 figure!!GT

Sydney2 13:37 GMT January 9, 2004 Reply   
Any news?

beijing road 13:36 GMT January 9, 2004 Reply   
Keep going with trend plz!

Indonesia Solo raden_masandi 13:35 GMT January 9, 2004 Reply   
be carefull, selling attack will be potential now.

Indonesia RV 13:34 GMT January 9, 2004 Reply   
sell more euros massively at market 1.2838

Indonesia Solo raden_masandi 13:34 GMT January 9, 2004 Reply   
my suggest better exit now.

Tallinn viies 13:34 GMT January 9, 2004 Reply   
closed my long euro @1,2820 fwiw

Belgrade Knez 13:33 GMT January 9, 2004 Reply   

EURO???????????

Toronto YV 13:33 GMT January 9, 2004 Reply   
1000 vs +125 WAS it misprint!!!!!!

Indonesia Solo raden_masandi 13:32 GMT January 9, 2004 Reply   
I think all was finished.
have a nice..

Spotforex NY 13:30 GMT January 9, 2004 Reply   
NFP +1,000 vs expectations of 150,000

GENEVA FHR 13:30 GMT January 9, 2004 Reply   
NFP +1ooo

Indonesia Solo raden_masandi 13:26 GMT January 9, 2004 Reply   
selling attack seen have come, but now at 1.8335 is potential for bottom and 1.8321 is potential bottom too.
still not to worry because still not ideal if not yet 1.8404

Indonesia RV 13:26 GMT January 9, 2004 Reply   
selling euro 1.2732 s/l 1.129

van Gecko 13:23 GMT January 9, 2004 Reply   
viies.. seems like there's a slight shift in the market's underlying dynamics once that lucky 1.28 psycho level was hit..
pre 1.28, the whole world was selling the dollar with eyes closed..
post 1.28, a slight case of 'cold_feet_titist' seems to had creeped into the market.. may be some lucky old bulls don't like to overstay their welcome to squeeze the last pips from the beaten up $ ring ?


Bandung Dewan 13:19 GMT January 9, 2004 Reply   
dear mr.co'z,
we lost the cable "train". its too fast. puyeng...

Ina- mr.co'z 13:13 GMT January 9, 2004 Reply   
cable will correction at 1.8318... with resistance 1.8440...so...thought that level good for long..with stop at 1.8305. imo...gl/gt

ikabod_25 13:07 GMT January 9, 2004 Reply   
1.9158 shld read 1.8158 :) sorry.

ikabod_25 13:03 GMT January 9, 2004 Reply   
even if gbpusd dips , it must hold above the 1.8324 level for another try to 1.8434 minimum and 1.8483 max b4 another dip but not to exceed the 1.8275 level and the test of the 1.87 level which ive mentioned as my target after the 1.9158 long pos last jan 07. gt

beijing road 13:02 GMT January 9, 2004 Reply   
I will buy cable into 1.82 -1.83 level if seen, and keep stoploss below 1.82.

Nassau QF 12:59 GMT January 9, 2004 Reply   
Dollar Yen rising?
Any info?

Tasmania 12:58 GMT January 9, 2004 Reply   
Are the Japanes in again

GER ad 12:58 GMT January 9, 2004 Reply   
Maybe,
BOJ have seen in own crystal ball that NFP will be stellar and the battered Dollar will rebound today, so why do not buy for 5 yard some chip Dollars (the stop losses made most of the work to 108.30)
Could be a dangerous day with turns around. Take care.

beijing road 12:54 GMT January 9, 2004 Reply   
if 1.8280-1.8310 level was seen again, it is still a good level to long there.

Tallinn viies 12:54 GMT January 9, 2004 Reply   
markets seem to be defensive before employment report.
I would like to ask why?
ok, if we get +300k it may sound alarming but havnt it ignored the data for a long time?

Gen dk 12:52 GMT January 9, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

ikabod_25 12:49 GMT January 9, 2004 Reply   
kenkoy_cb 11:52 GMT January 9, 2004
ikabod 10:47 GMT .... hi friend nice trade on cable,, but you cannot adjust your stops on yennie cause youre stops earlier was already hit by BOJ..lol

hehehe ur not following my trade mygt friend the stop adjustment is for my second entry after the intervention and ur right my first stop was taken which i actually didnt mind at all .

SA Bok 12:47 GMT January 9, 2004 Reply   
Indonesia Solo raden_masandi - Lets talk and I will help point you in the right direction ... I will send Jay my e-mail right now if okay with you ?

Tallinn viies 12:39 GMT January 9, 2004 Reply   
Ldn guys buying eursek here...
stops under 9,07 I guess

GVI john 12:33 GMT January 9, 2004 Reply   
This report serves as the basis for discussions twice daily on GVI. These comments are the personal opinions of the author and may not be suitable for trading purposes. For information on how you can access GVI, contact [email protected]
STRATEGY SESSION --New York Open
Opening Levels:
eur/$ 1.2755…$/yen 106.60
DJIA -10 pts… 10-yr 4.25%, 0 bp
PERSONAL OPINIONS:
For a broad range of opening levels click on GVI’s “Market Snapshot”:
CLICK HERE
Talk about stealing the thunder from the employment report! The BOJ attacked the markets late in the Tokyo session with about $5 bln in forex intervention. This is not an unusual sum by recent standards. I gather that they stepped in and paid all the dollar offers at once rather than just absorbing all the selling and caught the markets off guard. Notice subsequently that a lot of natural sellers have subsequently surfaced. We’ve been taking note of strong foreign interest in Japanese equities recently. Also it is not too early to start to think about fiscal yearend (March 31) repatriations on bouts of dollar strength. Monday is the Coming of Age Day holiday in Japan, so it could also be that Tokyo wanted to place dollar sellers on the defensive ahead of that holiday. At this point, while I would give the BOJ top marks for effectively using the element of surprise on the markets, they have to be disappointed that its effect only has lasted a couple of hours. Maybe the December employment data will help?

The key December employment report is due at 13:30 GMT. Jobs are seen rising about 150,000 in the month after only +57,000 in November. Be sure to watch the previous data as they are often subject to substantial revisions. The “whisper numbers”, which can be very unreliable are mounting with every hour. They were looking for a rise in jobs of +200K last night and now range to as high as +400K. We saw expectations for the November figure rise to the +200 level before the markets were disappointed with a +57K result. Keep in mind also that it is not the number, but how the markets respond to data that matters. Recently, strong data have not helped the dollar.

CALENDAR:
FRIDAY, JANUARY 9, 2004
13:30 GMT- US- Dec Employment:
Non-Farm Payrolls: vs. +57,000 in Nov, see +150,000
Unemployment Rate: vs. 5.9% in Nov, see 5.9%

Sydney2 12:30 GMT January 9, 2004 Reply   
nyc tony, why long $/cad? do you think a bottom was formed around 1.2750 and a reveral will occur?

Nassau QF 12:13 GMT January 9, 2004 Reply   
Raden, why work for a bank.
Why not a Forex managed account firm?
You can do that without relocating.

Calcutta Vikram 12:13 GMT January 9, 2004 Reply   
On the EUR-JPY.........The long wicks on the Daily Candles for yesterday and today suggest the next 2-3 days may see muddled sideways movement between 136.50-134.50. A good time to stay out.

Gen dk 12:11 GMT January 9, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Indonesia Solo raden_masandi 12:10 GMT January 9, 2004 Reply   
If there is bonafid bank chairman here. you can contact me via gv, maybe you need me.

nyc tony 12:09 GMT January 9, 2004 Reply   
added to my long $/cad at 1.2750

Indonesia Solo raden_masandi 12:06 GMT January 9, 2004 Reply   
now 1.8368 gbp/usd seen no have time again to stay. it's time to go 1.8404 to finish the natural emotion.

GVI john 12:06 GMT January 9, 2004 Reply   
December CDA jobs +53,100 (f/t +45,500 p/t +7,600)
rate 7.4%. Much stronger than expected.

Indonesia Solo raden_masandi 12:03 GMT January 9, 2004 Reply   
gbp/usd give me information that seen 1.8404 "must be get" and then bigger selling attack come from there. let's see..

Tasmania 11:57 GMT January 9, 2004 Reply   
my god the spelling Iput weather instead of whether just shows how tired I am .

Tasmania 11:53 GMT January 9, 2004 Reply   
Alan Mitchell RBA news spokesman should be watch for clues on weather they have finish for now as many analyst now think they are finished tighting.

Gen dk 11:53 GMT January 9, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

beirut jb 11:52 GMT January 9, 2004 Reply   
hi traders,

eur/$ gave several contradictories signal last 2 days,so
we r likely to enter a consolidation period 125.5~128 if 128

didnt break today,

overall bias still long and 130 area still in play before we could have The Correction

GL GT

kenkoy_cb 11:52 GMT January 9, 2004 Reply   
ikabod 10:47 GMT .... hi friend nice trade on cable,, but you cannot adjust your stops on yennie cause youre stops earlier was already hit by BOJ..lol

hk ab 0.88 11:52 GMT January 9, 2004 Reply   
Raden, I almost go and miss your suggestion.

Let me take the rest of the profit and hello the weekend.

Indonesia Solo raden_masandi 11:52 GMT January 9, 2004 Reply   
be carefull eur/usd still have buy emotion to get 1.2794 and 1.2829-44

Indonesia Solo raden_masandi 11:49 GMT January 9, 2004 Reply   
have a nice gbp/usd have done at 1.8380-1.8404 area and now rest because getting selling attack emotion.

hk ab 0.88 11:39 GMT January 9, 2004 Reply   
off now, enjoy.

Calcutta Vikram 11:36 GMT January 9, 2004 Reply   
Madras KR.....thanks for the warning.
I'd sent you a New Years's card but it came back. Would be glad to have your new address.

hk ab 0.88 11:33 GMT January 9, 2004 Reply   
nt, your .7777 order....

Madras KR 11:32 GMT January 9, 2004 Reply   
Calcutta Vikram 11:02 GMT .Below 106.65 should be careful abt longs.GL.

van Gecko 11:31 GMT January 9, 2004 Reply   
a blast of that magnitude in Asia would most likely be supported and followed up later into NY.. those inscrutable BOJ sans may be busy drinking post blast sake with one eye closed while laying bear traps & collecting more mouses..fwiw
the raging kiwi may had ran smack into a monthly roadblock..

Gen dk 11:31 GMT January 9, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Madras KR 11:30 GMT January 9, 2004 Reply   
Calcutta Vikram 11:02 GMT .Below 106.65 should be careful abt longs.GL.

hk ab 0.88 11:29 GMT January 9, 2004 Reply   
leave 1/4 lot on cable long from 1.8305.

Exited 1/4 at 1.8380.

hk ab 0.88 11:28 GMT January 9, 2004 Reply   
success equation = long eur/jpy + long aud/jpy + short dlr/jpy....you may think about long nzd/jpy and cad/jpy as well.

Sydney2 11:13 GMT January 9, 2004 Reply   
GER ad, learn a lot, thanks.

ikabod_25 11:09 GMT January 9, 2004 Reply   
took cable at 1.8365 stp at 1.8311

Gen dk 11:07 GMT January 9, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Tasmania 11:07 GMT January 9, 2004 Reply   
French
President Chirac entered the euro strength debate today by suggesting that
exports can be penalised by unstable exchange rates, Reuters

Sydney2 11:06 GMT January 9, 2004 Reply   
Vilnius george , thanks

ikabod_25 11:03 GMT January 9, 2004 Reply   
well well well i guess cable doesnt want me to leave my comp :) anyway ill stick around and will add more longs if the signal im waiting comes in any moment now.

Calcutta Vikram 11:02 GMT January 9, 2004 Reply   
Lahore FM 08.21......so it has! I hope my Stop doesn't get triggered now.

Sydney2 08.15....yes, you can sell Dollars at 109, I guess. Cheers

GER ad 11:02 GMT January 9, 2004 Reply   
Sydney2 10:48 GMT
(An other view)
Yesterday many have sold USD/JPY when the Dollar was weak in the afternoon (somebody on GVI posted: apparently a Canadian man has sold USD400m and bought JPY in the last hour. USD/JPY didn't flinch!) and the market was very short. So when they intervened today with the same amount of money they got a stronger effect (108.30) and many punished seller noted once again that BOJ is dangerous.

hk ab 0.88 11:00 GMT January 9, 2004 Reply   
place order at 1.8380 for 1/4 of the original lot, exit there and wait for next action.

beijing road 10:59 GMT January 9, 2004 Reply   
ab; i raise the stop from 1.81 to 1.8180 now.

Vilnius george 10:59 GMT January 9, 2004 Reply   
Sydney2 10:48
there was no reason for intervension today. usd /jpy was stabile . and now boj give only another oportunity to short usd. perhaps they are not thinking i would say.

LAX-LGB SNP 10:57 GMT January 9, 2004 Reply   
NYC JD 10:48 GMT January 9, 2004
no biggie but i doubt if anyone is buying or holding U$D over the risky weekend except for the BoJ (Buncha Jokers, j/k)

plus all conti-majors $chf, eur$ and gbp$ are clearly far from the hourly 50/200 SMAs

hk ab 0.88 10:56 GMT January 9, 2004 Reply   
road, ya, keep the other half lot running.

beijing road 10:55 GMT January 9, 2004 Reply   
ab 88: u got the dream now.lol

10:51 GMT January 9, 2004 Reply   
Go nzd, don't disappoint me.

Sydney2 10:48 GMT January 9, 2004 Reply   
Why BOJ intervened today when $ was weakening and not intervened yesterday when $ was strong against other majors? Any views please?

NYC JD 10:48 GMT January 9, 2004 Reply   
SNP, sorry mate for the benefit of a newbie, I'm short USD?CHF, does your comment favour my position ? Will dollar price plunge ? TIA

ikabod_25 10:47 GMT January 9, 2004 Reply   
moved my stp from 1.8261 for both longs at 1.8158 and 1.8310 to 1.8311 for an assurance ( got to play good defence here) and adjust the stp for yenny short at 107.00 from 107.39 to 106.99 for a nice sleep . good luck guys!

LAX-LGB SNP 10:41 GMT January 9, 2004 Reply   
interesting formation on $chf 240/480 minute charts
expecting price to plunge in NYC IF session highs are not quoted

hk ab 0.88 10:40 GMT January 9, 2004 Reply   
trail gbp long and will buy later.

ikabod_25 10:25 GMT January 9, 2004 Reply   
hk ab 0.88 10:18 GMT January 9, 2004
once gbp past thru 1.8350, nice dream.

the dream would be the 1.8700. gt

ikabod_25 10:24 GMT January 9, 2004 Reply   
IKABOD_25 11:14 GMT January 7, 2004
long cable just now at 1.8158 stp 1.8091 t/p 1.87.

van Gecko 10:23 GMT January 9, 2004 Reply   
Tasmania.. he may be Mark M. Spiegel's assistant spamming office boy..

hk ab 0.88 10:22 GMT January 9, 2004 Reply   
some difficulty seen here.

exit half gb long at 1.8350

hk ab 0.88 10:22 GMT January 9, 2004 Reply   
in seconds."

hk ab 0.88 10:21 GMT January 9, 2004 Reply   
Re: my previous question.

A l/t reversal signal is: "People will ask why there's a sudden 100 pips opp. direction move without any reasons/ source.

hk ab 0.88 10:18 GMT January 9, 2004 Reply   
once gbp past thru 1.8350, nice dream.

ikabod_25 10:17 GMT January 9, 2004 Reply   
well i guess its my lucky day today, both my gbpusd long is doing ok and the yenny seems to be coming to her right senses of going to the 1999 low so ive decided to just watch the market for the moment until further signals.

10:14 GMT January 9, 2004 Reply   
nzd, go with the herd.

Stockholm za 10:13 GMT January 9, 2004 Reply   

fwiw links

Nassau QF 10:10 GMT January 9, 2004 Reply   
Thanks KR.
100+ PIP drop on USD/CHF huh?
Will be nice if it happens.
That would be he lowest since 1997 wouldn't it?

Tasmania 10:04 GMT January 9, 2004 Reply   
van Gecko actually it was I that was debating your post. but now i am clear , thanks for that


I wish people like IWA would learn how to LINK it bloody annoying to plough through that .

Madras KR 10:04 GMT January 9, 2004 Reply   
Nassau QF 09:59 GMT .It should fall to 1.2195.GL.

nyc tony 10:01 GMT January 9, 2004 Reply   
ab///

an opp to buy the continentals vs the $. my point is that the goose isn't going to 1.29 in the midst of a dollar sell off.

Gorizia IWA 10:01 GMT January 9, 2004 Reply   
there's a big crash risk january to april...guess somehow will by cutted by cb's, but not completely


http://www.frbsf.org/publications/economics/letter/2003/el2003-36.html

In 2003, the Bank of Japan (BOJ) intervened vigorously on behalf of the Ministry of Finance (MOF) in foreign exchange markets in efforts to reduce the value of the yen. This action was motivated by the perception that an excessively rapid rise in the value of the yen would hinder the fledgling economic recovery by reducing the competitiveness of Japanese exports. Total foreign exchange intervention over the first ten months of 2003 amounted to over 17 trillion yen in assets, almost double the previous record for that length of time.

Several media reports claimed that these intervention efforts by MOF were initially successful. Some private analysts estimated that in the absence of intervention activity, the yen could have risen about 10% higher over the second quarter than it did.

This success, even over a period as short as a quarter, appears to pose a puzzle, because it runs counter to most economists' expectations. The evidence in the literature suggests that foreign exchange intervention is unlikely to have any lasting impact on exchange rates in economies with free capital mobility, such as Japan. This would be particularly true for Japan, where the prevailing close-to-zero nominal short-term interest rates create ambiguity about the impact of foreign exchange intervention on the money supply.

In this Economic Letter, I examine the conditions under which economic theory would predict that foreign exchange interventions under near-zero short-term interest rates are likely to be successful. I then discuss the difficulties in assessing the success or failure of a foreign exchange intervention. Finally, I focus on Japan's recent experience. I argue that while there are always difficulties in assessing the success or failure of a foreign exchange intervention, the Japanese case does appear to provide evidence that foreign exchange interventions in the neighborhood of zero interest rates can have persistent, albeit temporary, impacts on the exchange rate.

Was Japan's foreign exchange intervention sterilized, and does it matter?

In theory, sterilized foreign exchange interventions tend to be less effective at moving exchange rates than unsterilized interventions. Sterilized intervention requires the central bank to follow the intervention, such as buying dollar assets with yen-denominated currency, with a countervailing sale of yen assets to mop up the extra yen that that would otherwise be injected into the economy. Thus, the intervention would have no impact on the domestic money supply and would only alter the public's relative supplies of available yen and dollar assets. In the past, Japanese foreign exchange intervention was almost universally sterilized (Ito 2002). Currently, the intervention would also be formally considered sterilized as the dollar purchases are financed by the sale of yen assets issued by the MOF.

Nevertheless, the media have characterized the recent interventions as "unsterilized" because the Japanese money supply has steadily increased along with the intensive intervention activity. The Nikkei Financial Daily recently noted that the total value of interventions from the beginning of the year until the end of August matched almost exactly the increase in the BOJ's current account balance over that period, suggesting that the BOJ left the funds associated with its intervention activity in the market.

However, there appears to be little correlation between these variables at higher frequencies, such as day-to-day data. This sheds doubt on a one-to-one correspondence between intervention activity and movements in the BOJ current account balance. Instead, it appears that the BOJ incorporates the foreign exchange intervention it conducts on behalf of the MOF into its overall portfolio of daily money market transactions. The pursuit of foreign exchange intervention on behalf of the MOF therefore does not preclude the BOJ from achieving its domestic money supply targets, as the BOJ can maintain these targets by adjusting its other transactions accordingly.

More importantly, it is unclear that sterilization under near-zero nominal rates matters. Traditionally, unsterilized intervention is considered likely to be more effective because it also expands the domestic money supply. However, in Japan today, short-term securities appear to be nearly perfect substitutes for currency, so the expansion of the money supply need not have any additional impact on the economy. In short, under near-zero short-term interest rates, an unsterilized intervention may be little different from a sterilized intervention (see, for example, Okina and Shiratsuka 2000).

Real effects of sterilized intervention

Since the expansion of the money supply in unsterilized interventions is unlikely to have direct real effects under near-zero nominal short-term rates, one must turn to the literature on the effects of sterilized intervention to understand how the intervention may have resulted in a lower value of the yen. In their recent survey, Sarno and Taylor (2001) discuss two channels for sterilized foreign exchange intervention to have real effects: (a) a portfolio balance channel and (b) an expectations channel. The portfolio balance channel assumes the public considers foreign assets to be imperfect substitutes for domestic assets; in Japan's case, the public would consider assets denominated in yen and assets denominated in dollars to be imperfect substitutes. Following an intervention against the yen, the public would find itself holding a larger share of yen assets than before. At prevailing exchange rates, this would induce people to attempt to sell these extra yen assets to rebalance their portfolios. As a result, the exchange rate value of the yen would fall below what its value would have been without the intervention.

Under the expectations channel, foreign exchange intervention conveys a signal that changes the public's expectations about the future exchange rate path. In the case of a successful intervention against the yen under the expectations channel, the change in public expectations may reflect either a change in expectations concerning future Japanese monetary policy or a change in Japanese economic fundamentals. The expectations channel also may provide an opportunity for sterilization to matter under zero nominal rates. Sterilization can have real effects if public expectations about future monetary policy depend on whether interventions were sterilized. For example, if leaving the interventions unsterilized left the public more convinced about the BOJ's determination to stimulate the economy, then sterilization, or the lack thereof, may indeed matter.

However, the potential effectiveness of either of these channels is unclear. Since both the United States and Japan maintain unrestricted capital markets, their short-term securities are likely to be highly substitutable. The expectations channel seems more promising, as the intervention activity may have reinforced expectations of a more expansionary monetary policy stance by the BOJ under its new Governor, Mr. Fukui.

Measuring foreign exchange intervention success

It can be very difficult to assess the success or failure of foreign exchange intervention for several reasons. First, the MOF claims that they intervene only when exchange rate levels deviate from true underlying "fundamentals." This implies that when the MOF intervenes against the yen, fundamental forces may be at play that would tend to move the value of the yen on their own. Thus, it is difficult to distinguish whether yen movements reflect interventions or changes in fundamentals that led to them.

Second, it is very difficult to assess the timing of the market's response to a foreign exchange intervention, because it is difficult to determine the extent to which the market anticipated it. If the foreign exchange intervention were anticipated, then speculators would be likely to respond to its anticipated impact before it actually occurred. Alternatively, if the market were initially somewhat uncertain about the magnitude of an intervention, its response might be delayed until the true magnitude was revealed.

Finally, it is often difficult to tell whether exchange rates move because of an intervention or because the fundamentals changed. For example, the strengthening of the yen in August 2003 may be due to the cessation of intervention activity that month; or, it may be due to the relatively good economic news that emerged from Japan that month.

Despite these complications, the very large activity in the second quarter of 2003 still offers a promising opportunity to find evidence of successful foreign exchange intervention. The channels above that suggest how intervention can have real effects would tend to be stronger the larger is the magnitude of the intervention.

Perhaps more importantly, the performance of the yen relative to the euro over this period gives us a good benchmark for measuring the success or failure of the Japanese intervention. Over the second quarter, the news about real economic activity coming out of Europe was negative, while for Japan, the news about economic prospects was relatively positive. For example, the Economist poll increased its forecast for 2003 real GDP growth for Japan from 0.2% to 0.9% between its March 1 and June 7 issues. Over the same period, its forecast for 2003 growth in the euro area decreased from 1.3% to 0.8%.

Holding all else equal, this combination of news would likely lead to an appreciation of the yen relative to the dollar. However, this did not happen in the first half of 2003 (see Figure 1). Over the course of the second quarter the yen actually depreciated 8.9% against the euro, while the yen was kept within a narrow trading band relative to the U.S. dollar. For the first half of the year, then, the data suggest that the intervention activity had some success in keeping down the value of the yen.

However, this "success" of the intervention does not necessarily imply that it increased Japanese welfare. Over the four months ending in October 2003, the yen appreciated 7.8% against the dollar and 7.6% against the euro, reversing much of the yen-euro depreciation that had been achieved in the second quarter—despite even greater intervention activity than in the second quarter. Moreover, the intervention activity this year has clearly resulted in significant capital losses for the central bank in light of the yen's ultimate appreciation, although these losses have been mitigated by the favorable movements in yen interest rates.

Conclusion

Exchange rate movements over the second quarter of 2003 do suggest that the extensive foreign exchange intervention has had at least temporary effects. For the first eight months of the year, there has been unprecedented stability in the yen-dollar: its rate remained between 115 and 122 yen to the dollar. This is the narrowest trading band these currencies have exhibited since the breakdown in the Bretton Woods system, indicating that the rates moved in the direction intended by the intervention activity. Moreover, the yen-euro rate moved in exactly the opposite direction that would be expected given the news emerging from those areas during this period. The empirical evidence, therefore, appears to support the contention that foreign exchange intervention achieved some success in the early portion of the year, despite the near-zero nominal interest rates.

Even in this case, however, the effects appear to be temporary. The depreciation of the yen relative to the euro that was achieved through the extensive foreign exchange intervention efforts in the early half of the year was completely offset by the end of August. Moreover, the yen appreciated dramatically against the dollar after the cessation of intervention activity around the time of the September G-7 meeting in Dubai; however, the resumption of intervention appears to have slowed this appreciation.

Mark M. Spiegel
Senior Research Advisor

Nassau QF 09:59 GMT January 9, 2004 Reply   
USD/CHF insights anyone?

hk ab 0.88 09:57 GMT January 9, 2004 Reply   
cad was the only pair doesn't move at all during the whole intervention.

nyc tony 09:56 GMT January 9, 2004 Reply   
I t/p on half my short CAD at 12825 as I see a continuation of the $ beating today. It's very possible all the BOJ did was offer better levels to buy vs the $ via all the crosses. FWIW

If 12780 is seen do it again and again and again

Ga Lee 09:54 GMT January 9, 2004 Reply   
new york ys 09:46 GMT January 9, 2004
No, email [email protected] for details tho

Sydney2 09:53 GMT January 9, 2004 Reply   
I think BOJ will have a even bigger intervention today or tomorrow, otherwise what a shame for BOJ!

Juneau CAR 09:53 GMT January 9, 2004 Reply   
I do not even trade currencies, (I trade Canadian mining stocks), and this is the most interesting and informative forum I follow - lol. One can watch the backroom operations of countries like they are baseball teams-lol.

And what a great group of thinkers!!

Go raden-grin!

van Gecko 09:53 GMT January 9, 2004 Reply   
Tasmannia 09:26.. good evening, not having a debate at all.. just sharing some 'forest from the tree?' thoughts compliment of the voodoo school of charting psychoanalysis.. not sure about your ".. what level today do you see.." question. but from a micro TA view, a failure to close above 1.28 or under 1.27 after yesterday's burst up would be near term negative..


hk ab 0.88 09:52 GMT January 9, 2004 Reply   
nt, yield spread.

for spot spread, Bxx can give 10 pips spread.

Stockholm za 09:51 GMT January 9, 2004 Reply   

Fwiw.. GV/FF sentiment on EUR/USD Today:-

Bulls = 10 %
Rats = 75 %
Bears = 15 %

Happy trades to all……

Hong Kong nt 09:50 GMT January 9, 2004 Reply   
HK AB -- what's the spread of AUDNZD? 15 pips?

hk ab 0.88 09:49 GMT January 9, 2004 Reply   
I have added more aud/nzd here, fwiw.

enjoying a minimal yield spread.

hk ab 0.88 09:48 GMT January 9, 2004 Reply   
To be precise, a l/t turn is when all the big boys agreeto change the direction.

hk ab 0.88 09:47 GMT January 9, 2004 Reply   
nt and Kevin,

Do you remember the day eur makes the l/t turn?

I remember it quite clearly 'cos it's a very unique experience.

......

Hope that we don't see that today.

new york ys 09:46 GMT January 9, 2004 Reply   
GA Lee

Have you taken the course

hk ab 0.88 09:42 GMT January 9, 2004 Reply   
nt, luckier people can get something under 106.

I see a fight today. If not, 106.05 (testing one's luck?)

slv sam 09:40 GMT January 9, 2004 Reply   
IMO if situation in iraq improves this year and US interest rate starts to go higher ...europe problems surface in clear way...we might see e/$ below parity by 31/Dec this year! anyway 1.31 level will be seen before then!GT

hk ab 0.88 09:40 GMT January 9, 2004 Reply   
we are back to the pre-intervention again!! amazing.

Ga Lee 09:40 GMT January 9, 2004 Reply   
Link doesn't work, but check the archives for that if yer interested..

Bne Cad 09:40 GMT January 9, 2004 Reply   
ys: Psychology is 51% of the game. All the knowledge in the world won't make you money, you have to be a well disciplined sort of person to make it in this game. Its the reason why most people fail at it, not because of lack of knowledge but lack of self control. Might help to start out by reading a book on the psychology of trading.

new york ys 09:40 GMT January 9, 2004 Reply   
Thanks for your wisdom Miami.

SA Bok 09:39 GMT January 9, 2004 Reply   
Guys I still cannot sell USD against EUR, GBP .. seems to me the work needed to take EUR,GBP is getting harder and harder ...
Charts and MACD on hourlies pretty bearish

Thoughts

Hong Kong nt 09:39 GMT January 9, 2004 Reply   
HK AB -- what do you think of long usd/jpy at 106.40 today?

Ga Lee 09:38 GMT January 9, 2004 Reply   
Hey ys- check this out, you're a local :-)
Global-View 19:35 GMT January 8, 2004
For those in the NYC area, Doug Schaff at Fx-Strategy is holding an excellent trading seminar on January 19. If interested, click on this LINK

Miami OMIL 09:36 GMT January 9, 2004 Reply   
new york ys 09:20 GMT January 9, 2004

You have come to the right place your class starts now. Get your charts out a book and a demo account. Read the comments on the forum also use the archives for searching information you need. There are great minds at work here and in time you will be able to tell who they are. This will be one of the longest classes you will ever endure because only experience will help you survive this business. Forget those people that ask for a lot of money and promise you will be rich. It is up to you now this will not be an easy quest but if you take it you need to be prepared to endure emotionally a lot of pain and above all you have to like what you do. I hope this helps. (/;-> GL=good luck GT=good trade

Geneva 09:35 GMT January 9, 2004 Reply   
Zorro- Euro back to 1.05 later this year, stocks backs to lows.

hk ab 0.88 09:32 GMT January 9, 2004 Reply   
Raden, thanks for your call, now I am long cable 1.8305.

EU ZORRO 09:32 GMT January 9, 2004 Reply   
Moorning all.....!!!!

....Geneva 09:27....IMO....DOLLAR new historical Lows.....STOCKS new historical Highs....

hk ab 0.88 09:28 GMT January 9, 2004 Reply   
Kevin, I have neutral bias on eur now.

But the jpy moves remind me sth similar on aud/nzd.

Price floors then a sharp spike, then a sharp rejection and then slow climb. maybe climbing with BOJ on 106 line for awhile is a good idea.

but at the top/after a gun, ALWAYS sell with the exporters.

Geneva 09:27 GMT January 9, 2004 Reply   
How long the dollar will fall and the stocks market will rise?
Looking at 1987 look the same. we all know the end. Its going to be a unique election year......

Tasmannia 09:26 GMT January 9, 2004 Reply   
van Gecko re your post, having a debate your call the euro down right? and if so what level today do you see cheers

SA Bok 09:25 GMT January 9, 2004 Reply   
Raden - open an account with a chosen Broker and get individuals/clients to open own account with same broker and delegate POA to you , basically you have master account and all client accounts are sub accounts and then do PAMM and all money is then off shore and each client can see his capital and position opened at any time and bob's your uncle ... GL Mate

Bne Cad 09:25 GMT January 9, 2004 Reply   
YAHOOOO!!!!

09:23 GMT January 9, 2004 Reply   
My 10 lots nzd now in 12 points profit!!

Miami OMIL 09:21 GMT January 9, 2004 Reply   
Raden as I said before I hope your dreams are realized but with your knowledge about market emotions I don’t see why you can not start on your own with out central bank. I am sure you have convinced a lot of people of your talents in the forex market. They would probably back you up with money too. Sorry for intruding they are just my thoughts. Well eur/usd touched first fib retracement at 1.2700 and it is heading north again but there is some room left for a move down. If the move takes us back to 1.2750-60 then I believe that there is a good chance we will not see the rest of the fib retracement lines touched on this move IMHO. (/;-> GL GT

Bne Cad 09:20 GMT January 9, 2004 Reply   
Raden: WOW 1.82? thats quite a rally LOL!

van Gecko 09:20 GMT January 9, 2004 Reply   
a 'cross-eye' look at euro..
after 2 months of repeated failures ahead of .7100 euro/gbp broke under the November/December supports with a s/t bias now shifted towards the .6800's .. cousin euro/yen now painting a potential 'RIP' gravestone daily bar after a 2 month 'complimentary free ride'..
so, where will euro go? make a beeline up to 1.35 from here ?


new york ys 09:20 GMT January 9, 2004 Reply   
Im a novice Insomniac Trader in NYC looking for reccommendations for a good hands on trading course that is taught in person. Any help would be greatly appreciated. Thanks

Indonesia Solo raden_masandi 09:18 GMT January 9, 2004 Reply   
Bne Cad,
1.8229-44 as top area.

Bne Cad 09:18 GMT January 9, 2004 Reply   
Hmmm ze margins on cable as so expensive now. Praise the Lord!

slv sam 09:17 GMT January 9, 2004 Reply   
PAR 08:43 GMT/
agree with you.GT

Tasmania 09:16 GMT January 9, 2004 Reply   
Indonesia Solo raden_masandi your aussie view if possible for today thanks

hk ab 0.88 09:16 GMT January 9, 2004 Reply   
Hello everyone.

Sell with the exporters.

Bne Cad 09:15 GMT January 9, 2004 Reply   
Raden: Euro 1.2820 or 1.2850?

Indonesia Solo raden_masandi 09:14 GMT January 9, 2004 Reply   
let's go!!!

HK EL 09:14 GMT January 9, 2004 Reply   
GBP would be a better choice for me

SA Bok 09:13 GMT January 9, 2004 Reply   
HK EL 09:11 - Let them get angry ... LOL

Indonesia Solo raden_masandi 09:13 GMT January 9, 2004 Reply   
Nice !! I inform you gbp/usd will match to 1.8380
let see..

Bne Cad 09:12 GMT January 9, 2004 Reply   
GO EURO!!!!! (get your longs here while there hot) well this is just too much excitement for a Friday.
Aud: Long here and then ignore position (give it a chance to brew) until .81 printed, then yipee!

HK EL 09:11 GMT January 9, 2004 Reply   
Please don't tease them. I feared they will get angry

Indonesia Solo raden_masandi 09:04 GMT January 9, 2004 Reply   
Excuse me this is just IMO and my dream.
if I am central bank that given job to set level for intervention to get certainly level ..I will action with my big money at key level that' make dominou effect that can change most of players emotion so there will be effective.

I research several BOJ intervention style and very different with ECB intervention style.

Once more that's only my dream . LOL

LAX-LGB SNP 08:50 GMT January 9, 2004 Reply   
today's special ... 1/2 off on all advertised specials - buy 1 get 1 free ... 0.0 % financing available ;-)

gbpjpy
buy ahead of 194.76

gbpchf
buy ahead of 2.2542

audusd
sell below 0.7745-55

Vaduz Tom 08:49 GMT January 9, 2004 Reply   
where's the target of the usd/chf today?

Melbourne Qindex 08:46 GMT January 9, 2004 Reply   
Melbourne Qindex 04:56 GMT January 4, 2004
USD/JPY (Weekly Cycle) : The critical point of my weekly cycle is located at 106.39. The lower barrier is positioning at 105.48 // 105.94 and the upper barrier is expected at 107.77 // 108.22. The market rhythm is represented by 46 pips (k=0.457) and the weekly cycle normal trading range is 105.94 - 107.77 (Suggestion : Buy on dip when the market is pulling towards 106.39 - 106.85).

Weekly Cycle Quantised Levels

... 105.02 ... 105.48 // 105.94, 106.39, 106.85, 107.31, 107.77 // 108.22 ... 109.59 ...


USD/JPY : Weekly Cycle Charts

HK EL 08:46 GMT January 9, 2004 Reply   
I like your statement raden

lahore FM 08:44 GMT January 9, 2004 Reply   
Tasmania,
This is exact scenario that i suspect for tonight.

PAR 08:43 GMT January 9, 2004 Reply   
Think that US dollar weakness has more to do with daily deaths of coalition soldiers in Iraq than with the monetary policy of ECB. Good economic numbers in the US dont matter if US helicopters get shot down in Iraq. Dollar can only raly if situation in Iraq should get stabilised.

lahore FM 08:41 GMT January 9, 2004 Reply   
USD/JPY,at end of the leash.

Tasmania 08:40 GMT January 9, 2004 Reply   
I suppose what would be the wild card is if the US data is even stronger than the 150.000 expected today - that would stir calls for a rate hike sooner than thought JIMHO

SA Bok 08:36 GMT January 9, 2004 Reply   
Okay BOJ you can come back if you so wish , shorts covered and ready with stop entries above the market to enter another of you big bang buys ... lets see 109.00

Other pairs seem to be wanting to test lower , USD buyers around ... Hmmmm

lahore FM 08:31 GMT January 9, 2004 Reply   
JF,
Ur cad reading will get printed shortly.

sarasota jf 08:29 GMT January 9, 2004 Reply   
once usdcad touches 1.2860-65 - eur may gather more buying power - we just need to clear a few stale stops higher in the $cad

Edi Geo 08:29 GMT January 9, 2004 Reply   
108.30

Hong Kong nt 08:28 GMT January 9, 2004 Reply   
Can anyone advise the high of USD/JPY? TIA

Indonesia Solo raden_masandi 08:27 GMT January 9, 2004 Reply   
Saudi Arabia Gamber,
veryone want sell at highest and buy at lowest according their thinking. but several numbers are posible as bottom or top. many people forgot probability and so we must have strategic to plan entry for several numbers to catch the "gold train of price". like eur/usd now, you can plan buy at 1.2715(have touched) and 1.2694 too, but if you want only wait at 1.2694 and in fact price move from 1.2715 we will only the audience.
I hope my thinking will help you.

HK Kevin 08:27 GMT January 9, 2004 Reply   
Sorry, of course 1.2620.

Sydney2 08:26 GMT January 9, 2004 Reply   
Kevin, "I still hold my short EUR, hope we see 1.0620 today", 1.0620 or 1.2620?

HK Kevin 08:23 GMT January 9, 2004 Reply   
HK ab, good afternoon. Does this a good and afe hedging strategy.

hk ab 0.88 08:07 GMT January 9, 2004
remember my success equations?

buy aud/jpy + sell dlr/jpy + buying eur/jpy.......

I still hold my short EUR, hope we see 1.0620 today.

Sydney ge11ja 08:23 GMT January 9, 2004 Reply   
thanks Taz

Tasmania 08:22 GMT January 9, 2004 Reply   
Sydney ge11ja hi was told earlier 7695 -77

SA Bok 08:21 GMT January 9, 2004 Reply   
Det tm 07:39 - Thanks for Kind words .. really just my two cents worth ... Others like Sarasota and Athens to name 2 are great contributors and thier posts are always worth a read or 2 and they make you some $$$$ as well

Sarasota thanks for info on USDJPY appreciated

Lahore FM 08:21 GMT January 9, 2004 Reply   
Vikram,
106.75/80 justmight get printed before it rises further.

Sydney ge11ja 08:19 GMT January 9, 2004 Reply   
can anyone tell em the low please in AUD since NY close?

Sydney ge11ja 08:15 GMT January 9, 2004 Reply   
does anyone think the boj move is a prelude to other c banks in the market ie euro selling from ecb etc?

Sydney2 08:15 GMT January 9, 2004 Reply   
Calcutta, why not sell at 109? I was stopped out a couple of days ago when selling JPY at 106.18.

MONACO OGA 08:13 GMT January 9, 2004 Reply   
FX UPDATE 09/01
Good morning,

***EUR***
EUR/USD (Currently 1.2730), 130 pips higher than yesterday's opening. The USD retracement agains the EUR was shortlived and could not penetrate 1,2560, before the pair was propelled back up above 1,2700 (high 1,2786 in NY) after no change in ECB rate policy and confident comments from ECB chief Trichet about the european unit. An increase of jobless figures contributed to the weakening of the USD. We believe we have not seen the end of the uptrend yet, and a long term target now appears around 1,3500, while 1,2815 remains the next hurdle. For the short term trading, we are now expecting a rebound on 1,2710 support.

Data out today:
GER trade balance Nov 10.4 Bio 07.00 GMT
UK visible trade balance Nov 09.30 GMT
GER factory orders M/M Nov expected 0.5% 11.00 GMT
Eurozone retail trade M/M Oct expected 0.6% 11.00 GMT
US unemployment rate Dec expected 5,9% 13.30 GMT
US average hourly earnings Dec expected 0,2% 13.30 GMT

Gold around 423 , with WTI February at 34,24.

***JPY***
Usd/Jpy (currently 107,00), the BOJ/MOF changed their style this morning and aggressively sold JPY in the market sending USD/JPY up to 108,30 and EUR/JPY to 137,75 pulling through layers of offers and triggering stops. Rumours that they are now bidding the 107 figure. Because of this proactive stance adopted, we have now turned neutral on the JPY market and wait for further developments to determine our next strategy.EUR/JPY (136,15).

***GBP***
Cable (currently 1.8300) as expected yesterday kept going up to print a new high at 1,8365. Most likely 2004 will see some trading around 1,85-1,90. Support for the day at 1,8270, next one at 1,8220 with temporary resistance at 1,8370 before 1,8450.
EUR/GBP (0.6950), looking neutral ahead of 0,6930-40 support. A break of this zone and an extension to 0,6810 is possible for the coming trading sessions.
Have a nice day,

Olivier

Sydney2 08:10 GMT January 9, 2004 Reply   
Eilat Dolphin, Thanks,
AS nt said there may be a $ appreciation and If so all those players who will sell USA against JPY will be big losers. Any comments?

hk ab 0.88 08:08 GMT January 9, 2004 Reply   
They can't pay the interest in long run.

hk ab 0.88 08:07 GMT January 9, 2004 Reply   
remember my success equations?

buy aud/jpy + sell dlr/jpy + buying eur/jpy.......

BOJ falls into the traps of many spects.

Calcutta Vikram 08:07 GMT January 9, 2004 Reply   
SL 106.25 and target open. If the trade works out, there would be chances of 109, provided I have the patience to hold the position.

Eilat Dolphin 08:02 GMT January 9, 2004 Reply   
Sydney 2/ The answear is already in your question. Since FX is a combination of chess, go bang and poker; it is valid to compare the BOJ action to adding themselves a joker...while they play against the tide, however.
That pair is unreliable. Just like it was in Guadalcanal.

Sydney2 08:02 GMT January 9, 2004 Reply   
Thanks, target and s/l?

08:01 GMT January 9, 2004 Reply   
my 10 lots nzd buying at .68 willl soon in big profit lol.

Calcutta Vikram 07:57 GMT January 9, 2004 Reply   
Sydney.....I'm looking to buy near 106.75, if the opportunity arises. Cheers.

LAX-LGB SNP 07:57 GMT January 9, 2004 Reply   
there's an article in the MoscowTimes saying Eurozone and American interest rates will be the same by mid-2005

if so then the last quarter will send euro back to parity

Sydney2 07:55 GMT January 9, 2004 Reply   
We donot know how far BOJ will push JPY up, so it is very hard to play even you know BOJ will take action again. What is best strategy to paly? Please give me your valuable suggestions?

lahore FM 07:55 GMT January 9, 2004 Reply   
SNP,
Holiday making,it seems.Kuchh kaam to ajj subah hee BOJ nay ker deya.Shamm mien job report baki ka ker day gee.

LAX-LGB SNP 07:54 GMT January 9, 2004 Reply   
P.S.
sarasota JF thanks for your generousity :-)

LAX-LGB SNP 07:53 GMT January 9, 2004 Reply   
haha
lagta hai aaj kissi ka dil kaam mein nahi ... sab ka man india v/s oz cricket mein hai

lahore FM 07:50 GMT January 9, 2004 Reply   
LOLZ,right.

Calcutta Vikram 07:49 GMT January 9, 2004 Reply   
Perhaps we can start a mutual admiration society

lahore FM 07:47 GMT January 9, 2004 Reply   
Vikram,
Thanx,U are nicer than my posts.Ur appreciation is heart-warming.

sarasota jf 07:45 GMT January 9, 2004 Reply   
for interest sake - boj indicating to tokyo participants they will not allow usdyen to fall below 105.00 prior to march 31 - that they have ample funds available to ensure this not to occur - reason important is that it may discourage the active usdyen selling from jap corporates we have seen lately and put us 105.50/106-108.50-109 for the duration - gt

ikabod_25 07:44 GMT January 9, 2004 Reply   
:) nice move by the yenny hehehe got my 106.61 stp but i still believe the japanese is only putting scaries to intimidate the shorts so ive decided to check in again and got in at 107.00 short stp at 107.39 and pity i came in a bit late for my addirional gbpusd long and got it at 1.8310 stp the same with the other entry last jan 07 at 1.8261 which is still confidently holding. nice trades to all.

Det tm 07:39 GMT January 9, 2004 Reply   
SA Bok 06:38 GMT January 9, 2004

Thought I would add that 8:20 EST is when the
IMM opens in Chicago. Interesting thoughts in your
post, thanks. GL & GT.

Hong Kong nt 07:38 GMT January 9, 2004 Reply   
The determination and hard work of BOJ and expectation of a forthcoming USD rebound may favor USD/JPY to re-test last Nov's high at 111.5...

Calcutta Vikram 07:37 GMT January 9, 2004 Reply   
Lahore FM.......Salaam Aleikoum. I like your posts. Very nice.

lahore FM 07:34 GMT January 9, 2004 Reply   
TONY,
Are u anywhere here?

Calcutta Vikram 07:26 GMT January 9, 2004 Reply   
Kudos to the BOJ. These guys dictate the Charts. Would think the target now shifts to the upside, with 109-110 as target.

sarasota jf 07:22 GMT January 9, 2004 Reply   
after hitting the weak stops topside in gbpusd now some on downside - prefer not to buy until we clear those initially

Eilat Dolphin 07:14 GMT January 9, 2004 Reply   
Syd 2/ I sure hope it isn't my post that instantly knocked 10 pips of the JPY. lol.

Stockholm za 07:13 GMT January 9, 2004 Reply   
CHF/JPY >> open - R
9065-8951
8836-8801
8652
8502-8467
8353-8238
Happy trades.....

Tasmania 07:12 GMT January 9, 2004 Reply   
Satoru Ogasawara, a strategist at Credit Suisse First Boston, said the surprise move showed the ministry was trying to keep the market guessing

Eilat Dolphin 07:11 GMT January 9, 2004 Reply   
Syd 2/ Boj sure can intervene anytime. However in Dec they did spend 22 billion $.
That's about 3O millions $ per hour around the month...spent.

Now what would their leverage be at 13:00 GMT when all Europe and US is at the desk, triggerhappy ?

Hong Kong nt 07:10 GMT January 9, 2004 Reply   
Indeed, BOJ is transferring billions to the accounts of yen crosses position sellers...

melbourne pizza 07:08 GMT January 9, 2004 Reply   
congratulations to the person who was long on GBP/JPY hope you hang after the dip, as you asked whether the 194.00 region could break. hang in there as the upside is enormous, if your still holding get back to me as i have some interesting targets in place....

Nassau QF 07:08 GMT January 9, 2004 Reply   
Is GBP/CHF finally moving upwards?

Waning to all of those thinking of puchasing, I have purchased it myself so it will probably plummet.

Tasmania 07:05 GMT January 9, 2004 Reply   
Would imagine that BOJ move took out a lot of stops on the crosses ..Europe players wont be too pleased.

Sydney2 07:05 GMT January 9, 2004 Reply   
Eilat Dolphin , I believe BOJ can do it at anytime. IMHO

SA Bok 07:00 GMT January 9, 2004 Reply   
One on my Charts has updated ... lovely spike on a flat chart .. question is how you chart specialists out there will read this one ... Appreciate any thoughts .. Think I know how some will answer = Unnatural ...

Saudi Arabia Gamber 06:58 GMT January 9, 2004 Reply   
Indonesia Solo raden_masandi

what is ur view for the e$ for the rest of the day? i'm still waiting for 1.2690/95 to buy.

Odessa 06:56 GMT January 9, 2004 Reply   
FM Research fixes holiday prices for the period of 12/25/03 - 01/25/04.
Look at new low fares on link which nowadays is one of the trustworthiest & effective forex quotes history for intraday trading.

Indonesia Solo raden_masandi 06:54 GMT January 9, 2004 Reply   
I have reading the statement and believe that.
the statement is like this:
The key of the future is from the past.
IMO : future chart is built from historical only.

NYC NYT 06:51 GMT January 9, 2004 Reply   
The rise of the euro at first brought some joy to Europeans, who had been embarrassed by their new currency's initial slide. But now there is growing concern among companies and politicians that the euro will rise far enough to damage the nascent European recovery.

The question now is whether Europe will stand by and watch its own competitiveness erode while hoping that world growth will somehow solve all problems. Notwithstanding the Bush administration's empty ''strong dollar'' talk, there appears to be little likelihood of Washington's joining in a move to sell euros.

The ball is in the European Central Bank's court. Its inaction yesterday was no surprise, but it was regrettable.

NYT Currency Wars by FLOYD NORRIS

Eilat Dolphin 06:51 GMT January 9, 2004 Reply   
Syd2/ Provided BOJ shoots again (just like an hour ago) when everybody sleeps or dances, like NY end of day.

That's cowardice ! ;^)

Tallinn viies 06:48 GMT January 9, 2004 Reply   
good morning world!!!!

buying the euro here is adviced.
bought myself tiny amount at 1,2720. target 1,2810

lahore FM 06:48 GMT January 9, 2004 Reply   
Tamania,
Lol,right about the chalice thingie.

Tasmania 06:46 GMT January 9, 2004 Reply   
They pass the Chalice over to the BOE and then the FED so dont think cos they are closed they are not watching

lahore FM 06:40 GMT January 9, 2004 Reply   
Bok,
I had always believed that BOJ does not end up a loser when intervening.U are right about the money flows and the way it is done.

SA Bok 06:38 GMT January 9, 2004 Reply   
Sydney2 06:28 - I think BOJ see it another way my friend .. appreciation will happen , they are just giving exporters a chance to sell ...

They took out many stops on that move thus some guys may be stuck long at higher level (specs) or nursing some unwanted Friday hits on thier P and L ...

BOJ will hold USD in US Treasuries for a long time and one day when we do trade at above 135.00 they will quietly offer these intervention USD back to us at a premium ...

Note that to Fund these USD purchases you borrow or flood market with JPY and we all know the interest rate on JPY ..

Overall on a rough calculation thier average rate on purchases is 114 odd .. and given they invest at yeilds of 4% + annualise that and when they sell back to us they will book a tidy profit ..

History has proved that ... AIMVHO

GL to all

Get ready for 830 am EST will be interesting


lahore FM 06:34 GMT January 9, 2004 Reply   
Tasmania,
U got it right on the dot friend.

Tasmania. 06:31 GMT January 9, 2004 Reply   
lahore FM yes hearing they want it above 110 for safety, but they have a challenge on their hands however cant see them turning the other cheek not their style

Dubai PH 06:31 GMT January 9, 2004 Reply   
Now that BOJ has likely moved away for the day (hope I am correct), what minimum levels of USD/JPY and EUR/JPY can we anticipate before the end of the day? Any ideas? GLGT

lahore FM 06:31 GMT January 9, 2004 Reply   
Van,
U have that sharp instinct,i wud say and probabaly it has come with the years in the biz.

van Gecko 06:28 GMT January 9, 2004 Reply   
looks like this is the real dollar "deal'..
1st shoot in progress.. these front running BOJ sans and their croonies are not in the habit of h'issing away this many yards just to fill the $bear's pockets..
Johnny come lately 'Sell$ on bliip' shorties beware..may be a long night/day ahead..
Cheerios



Sydney2 06:28 GMT January 9, 2004 Reply   
I guess a futher intervention will occur today or tomorrow, otherwise this intervention is totally a failure to slow down JPY's appreciation against $. Any comments?

Ldn 06:28 GMT January 9, 2004 Reply   
Think Boj is selling Aud/yen

lahore FM 06:27 GMT January 9, 2004 Reply   
Tassy,
I believe for a change even BOJ has started looking at the Hourly charts at least.If they did not they wud have had trouble at thier hands within an hour of intervention.But today there shud be some respect for the founding of a respectable bottom as the charts at least in hourlies are supportive in most cases.

Ldn 06:26 GMT January 9, 2004 Reply   
Indonesia Solo raden_masandi
cheers.

Ldn 06:26 GMT January 9, 2004 Reply   
Indonesia Solo raden_masandi

anythoughts on the Aud level for longing

lahore FM 06:25 GMT January 9, 2004 Reply   
Where are Oil man and GEP and our other valuable seniors.There ideas wud be welcome at times like thseas are respected Radan's.

new york ys 06:24 GMT January 9, 2004 Reply   
Any thoughts on shorting $ swissy at 2310

Tassy 06:24 GMT January 9, 2004 Reply   
lahore FM perhaps they know something we dont and pre-empt the dollar rally

lahore FM 06:22 GMT January 9, 2004 Reply   
Mr.Masandi,The datas later today may bring a change of heart as to the future direction of USD.A very strong report on the job front may put very hard immovable caps onto the pairs.

Indonesia Solo raden_masandi 06:21 GMT January 9, 2004 Reply   
ICT ML.
agree with you.
I can not understand intervention be done at top minor area?
ideally wait "gold level" for doing.but they have big money.. maybe no problem for them. (IMO)
BUT ALL WILL BE AGREE IF ALL DO WITH EFFECTIVE.

Tasmania 06:20 GMT January 9, 2004 Reply   
Players shouldn't underestimate Japan's capacity to surprise FX markets with its interventions, says Commerzbank's currency strategist Patrick Bennett; thinks more intervention likely
AP

Nassau QF 06:18 GMT January 9, 2004 Reply   
ML, I'm in Nassau.
II know,temp losses are a part of the game so I'm not too worried.

Indonesia Solo raden_masandi 06:18 GMT January 9, 2004 Reply   
intervention is difficult change emotion most of players. the result is only to resist.(IMO). most of players is only shock but difficult to reverse emotion. they only get afraid to entry . (IMO)

ICT ML 06:16 GMT January 9, 2004 Reply   
Nassau QF...hang in there.....you can't let the BOJ and "un-natural" acts get you down...:->

so you on Paradise Island or New Providence?....LUV your islands myself.....Atlantis Rules :-)

guangzhou lolo 06:15 GMT January 9, 2004 Reply   
limit order to sell again at 199.5

Indonesia Solo raden_masandi 06:14 GMT January 9, 2004 Reply   
now gbp/chf will go to 2.2689, so gbp/usd and eur/usd will up

lahore FM 06:13 GMT January 9, 2004 Reply   
USD/CAD makes for a sweet buy right now,especially considering short term bottoms after an intervention in a major pair like USD/YEN and non farm payroll later today.IDEAL.

guangzhou lolo 06:11 GMT January 9, 2004 Reply   
my first deal this year..short gbp/jpy at 197.50, profit is good.

Nassau QF 06:09 GMT January 9, 2004 Reply   
It seems I am more powerful than the BOJ.
I can make any currency pair fall just by buying it ;)

lahore FM 06:04 GMT January 9, 2004 Reply   
The intervention has put short term caps in majors.

SA Bok 06:03 GMT January 9, 2004 Reply   
That BOJ move to 108.30 was so fast most charts dis not even record it LOL ..

tasmania 06:03 GMT January 9, 2004 Reply   
and again ?

nyc sa 05:59 GMT January 9, 2004 Reply   
is the dollar rise for real or a setup for a selloff during new-york session ?

Indonesia Solo raden_masandi 05:57 GMT January 9, 2004 Reply   
cool.. don't panic. I hope finnally you are win in this battle

bdg zilfallon 05:56 GMT January 9, 2004 Reply   
yen intervention... any word ???

Long GBP at 1.8299

GL/GT

lahore FM 05:54 GMT January 9, 2004 Reply   
But today for the very first time i wud say BOJ was watching the Hourly charts.

Sydney2 05:54 GMT January 9, 2004 Reply   
frozen now, expect further action by BOJ

Indonesia Solo raden_masandi 05:54 GMT January 9, 2004 Reply   
hope can help your decision
gbp/usd will move high from 1.8295 (broke), then 1.8275 and finnal at 1.8253. still confidence for buy.
also eur/usd only get 1.2715 or 1.2694 only. stoill confidence for buy too.

Sydney2 05:52 GMT January 9, 2004 Reply   
Further intevention by BOJ?

Lahore FM 05:51 GMT January 9, 2004 Reply   
Hats off to MOF and BOJ.they are something.One can Bank with them,so to speak.for how else cud my 108.00 option have been worth the way they are on the day of expiry.The ten year experience of them has paid off well.

nyc sa 05:51 GMT January 9, 2004 Reply   
anyone knows the reason for the $/yen appreciation from 106.15 to 107.50?

SA Bok 05:51 GMT January 9, 2004 Reply   
TOKYO HEY 05:45 - Take your mates out tonight ok .. on all of us here at GV .... LOL

tasmania 05:50 GMT January 9, 2004 Reply   
AUD/USD drops 40 pips as BOJ said to buying USD/JPY

Nassau QF 05:49 GMT January 9, 2004 Reply   
My stop loss limits keep getting hit :(

Tasmaniau 05:47 GMT January 9, 2004 Reply   
melbourne farmacia ok thanks any view on it pls

TOKYO HEY 05:45 GMT January 9, 2004 Reply   
Happy new year >all

Happy new year >MoF

SA Bok 05:43 GMT January 9, 2004 Reply   
hk ab 0.88 05:37 - Totally Agree with you my Friend

Nassau QF 05:42 GMT January 9, 2004 Reply   
Do you still think GBP/USD will hit 1.84 or has the dollar/yen affected the outcome of it.

melbourne farmacia 05:40 GMT January 9, 2004 Reply   
tasmania 05:35 GMT January 9, 2004
Aud 0.7695 bid

hk ab 0.88 05:39 GMT January 9, 2004 Reply   
Buy back gbp and SAR at 1.8305

hk ab 0.88 05:39 GMT January 9, 2004 Reply   
Buy back gbp and SAR at 1.8305

Indonesia Solo raden_masandi 05:38 GMT January 9, 2004 Reply   
upss sorry.. I mean nice bottom at 1.8295 for gbp/usd
thanks

hk ab 0.88 05:38 GMT January 9, 2004 Reply   
new aud/jpy target 100?

hk ab 0.88 05:37 GMT January 9, 2004 Reply   
SELL with the Japs companies.....

Indonesia Solo raden_masandi 05:36 GMT January 9, 2004 Reply   
ok. gbp/usd get nice bottom at 1.8311.
buy gbp/usd now. also eur/usd
thanks for BOJ accelerated this nice bottom for gbp/usd.(IMO)

SA Bok 05:36 GMT January 9, 2004 Reply   
As my earlier post .. word went out pull offers ..

Now word out use to sell and hedge ..

This was done to burn specs and take out stop losses .. and allow real money a chance to sell ...

Guys alway note the BOJ always wins the war even if it losses a few battles in between ..

I believe they BOJ accept the JPY will strenghthen but will continue to help exporters as and when they see fit ...

GL all

tasmania 05:35 GMT January 9, 2004 Reply   
Can someone tell me the AUD low so far please

Beijng Damang 05:35 GMT January 9, 2004 Reply   
I think usd/jpy will fall down 106.75 again.

FW CS 05:34 GMT January 9, 2004 Reply   
I imagine every Japanese company is tripping over themselves to sell $/Yen at these levels...

Nassau QF 05:31 GMT January 9, 2004 Reply   
Will doallay/yen drop to 107 or below?

SA Bok 05:30 GMT January 9, 2004 Reply   
Guys , use this to sell Thank the BOJ boys later at a KTV ALL NIGHTER ...

hk ab 0.88 05:29 GMT January 9, 2004 Reply   
Easy formula, isn't it?

SA Bok 05:29 GMT January 9, 2004 Reply   
So much for a peb , mine at 10-15 yards ....more like 50 yards

Indonesia Solo raden_masandi 05:28 GMT January 9, 2004 Reply   
BOJ right, selling attack at 106.65 was broke by intervention. LOL

Indonesia Solo raden_masandi 05:27 GMT January 9, 2004 Reply   
wow...

ICT ML 05:26 GMT January 9, 2004 Reply   
Geezes....look @ that $Y go....LOL has to be a 10-15 yard intervention .......

Radzymin sz 05:26 GMT January 9, 2004 Reply   
Raden - thanks.

hk ab 0.88 05:26 GMT January 9, 2004 Reply   
Raden, let's assess how much BOJ want to go, I guess 110.

sf mike 05:26 GMT January 9, 2004 Reply   
Now that's more like it. 200 pips in less than 5 minutes.

hk ab 0.88 05:25 GMT January 9, 2004 Reply   
Raden, as my mentioned, sell dlr/jpy buy eur/jpy buy aud/jpy WEAR DIAMONDS!

SA Bok 05:25 GMT January 9, 2004 Reply   
Go BOJ Go

Beijng Damang 05:25 GMT January 9, 2004 Reply   
Hi,all

I'm new to trading ,hope study from you all kindly! :-)

Indonesia Solo raden_masandi 05:25 GMT January 9, 2004 Reply   
gbp/jpy...will get 197.57 and so usd/jpy move up strong.

hk ab 0.88 05:22 GMT January 9, 2004 Reply   
Raden, yes.

beijing road 05:21 GMT January 9, 2004 Reply   
Will add cable long position btw 183-18250 level

Indonesia Solo raden_masandi 05:21 GMT January 9, 2004 Reply   
eur/usd finnally give good level for buy. buy now !!

hk ab 0.88 05:19 GMT January 9, 2004 Reply   
unless a joint one is seen, all these buying are wasting money.

long eur/jpy long nzd, sell dlr/jpy long aud/jpy wear diamonds.

Indonesia Solo raden_masandi 05:19 GMT January 9, 2004 Reply   
hk ab.
I think usd/jpy at 106.65 will get selling attack.
now is on top area. sellers emotion can come here.

sf mike 05:19 GMT January 9, 2004 Reply   
What do you ab? It;s better than a flat line. At least it live again.

hk ab 0.88 05:14 GMT January 9, 2004 Reply   
Oh come on.... BOJ....

Indonesia Solo raden_masandi 05:08 GMT January 9, 2004 Reply   
gbp/jpy if touch 195.65 that's mean will get 197.57. you can buy if like that.

Indonesia Solo raden_masandi 05:05 GMT January 9, 2004 Reply   
hope not forget gbp/jpy at 195.57 .

SA Bok 05:01 GMT January 9, 2004 Reply   
USDJPY is unpegged ... maybe see some short covering as Hedgers pull offers .. maybe BOJ has sent work out that a big hit is on the way ... IMVHO

Indonesia Solo raden_masandi 04:59 GMT January 9, 2004 Reply   
ok. gbp/jpy have been started up
only wait gbp/usd will up.

brisbane sunstate 04:57 GMT January 9, 2004 Reply   
The US Dollar will and needs to continue to depreciate.

The US current account deficit (measure of exports to imports, investment income and transfers with the rest of the world) is at such a level, it critically requires a weak dollar to make sure the deficit does not become any larger. It is quite a coincidence that in today's Herald, the front page shows a report from the International Monetary Fund warning against the US' massive budget deficit. "Global fears as US goes into the red", the headline reads. For more, click here; http://www.smh.com.au/articles/2004/01/08/1073437412930.html. In short, it has been reported that the US' foreign debt could soon total 40% of its GDP, creating a "disorderly" plunge in the USD. Funny though isn't it? If I were a sceptic, I would have thought this was precisely what those in charge of the US wanted. The Dubai G7 summit saw an agreement between all parties that a weak dollar policy was to be accepted. Asian central banks though (ie China) will continue to intervene to prevent their currencies from appreciating against the USD too much. Thus, the Euro and the Aussie dollar (being a commodity currency) will bear the brunt of the dollar's decline. Buy buy buy.

Tricom Group
Level 9 Exchange House
10 Bridge Street
Sydney NSW 2000



Indonesia Solo raden_masandi 04:52 GMT January 9, 2004 Reply   
rakesh.. I am online for chat. with your voice now.

Hong Kong nt 04:49 GMT January 9, 2004 Reply   
HK AB -- Aussie (0.7750) is amazing, gained almost 3000 pips from 0.4770. Don't know the profit taking ahead of 0.8000 may create meaningful correction...

Indonesia Solo raden_masandi 04:35 GMT January 9, 2004 Reply   
Jakarta BKKN.
what's BKKN ? "Badan Koordinasi Keuangan Negara"?
please ask Mr. Jay to get my e-mail. I need you.
about USD/IDR is no problem. I only need chart.

Indonesia Solo raden_masandi 04:31 GMT January 9, 2004 Reply   
eur/usd give me information that price will go up to make new high at 1.2829 -1.2844. this area is selling attack emotion.
you can buy now to get that area with stp at 1.2740.
now is ideal bottom, hope you are on right way.

beijing road 04:24 GMT January 9, 2004 Reply   
Feb 6 is a major turning period based on famacia"s calcaulation and i will close all the usd short positions before that day. GL

nyc sa 04:17 GMT January 9, 2004 Reply   
American fraudulent banks are involved in the Parmalat scandal in Italy , namely Banc of America .

nyc sa 04:13 GMT January 9, 2004 Reply   
Read ,excellent summing up of the economic data as related to the USD www.Forexstreet.com daily newsletter .

Tasmania 04:08 GMT January 9, 2004 Reply   
WSJ-World Stk Mkts: US Holders Sour On Europe
WHEN ENRON CORP. and WorldCom Inc. acknowledged massive accounting frauds, European fund managers were among the U.S. market's harshest critics. Many were quick to trim their holdings in the U.S. for fear of another corporate fraud.

Now, following the outbreak of the Parmalat SpA accounting scandal last month, it is American investors' turn to raise questions about European practices. The Italian food company admitted to overstating assets in 2002 after it was discovered that a bank account that supposedly held nearly $5 billion didn't existWhile a 20% rise in the euro against the dalatollar last year helped some major European markets outperform the Dow Jones Industrial Average in dollar terms, investors increasingly are becoming concerned that the surging currency is taking a toll on European profits and competitiveness. Renewed complaints about Europe's rigid labor laws and inability to stimulate domestic demand also are voiced more often than corporate-governance concerns.

"Parmalat is something that has to be on the minds of any thinking long-term investor," says Donald Gimbel, a global portfolio manager for Carret & Co. in New York, who is in the process of paring a European position he built up last year. "But I'm more worried that the economy in Europe has significant problems."

04:06 GMT January 9, 2004 Reply   
BOUGHT MORE NZD! 10 lots .68.

rakesh hyderabad 04:02 GMT January 9, 2004 Reply   
hi raden _masandi ....
i am not seeing u online ya?

Indonesia Solo raden_masandi 03:54 GMT January 9, 2004 Reply   
to rakesh. yes i am online.
ny sa.
final is level sellers attack emotion.
I think today price will get that level 1.8429-44 and that area will be potential big corection.

melbourne farmacia 03:53 GMT January 9, 2004 Reply   
OK SZ 03:06 GMT January 9, 2004
You must remind me, which fibs ? I'm running so many numbers at the moment and can't remember who are they for.

Jakarta BKKN 03:50 GMT January 9, 2004 Reply   
Raden,
Hello, how about USD/IDR? Do you study movement for USD/IDR also? Thanks

rakesh hyderabad 03:49 GMT January 9, 2004 Reply   
hi raden _masandi..
ru online on yahoo ...and wats ur views on GBP and wats the best buy....

new york ys 03:46 GMT January 9, 2004 Reply   
Thanks fellas

nyc sa 03:45 GMT January 9, 2004 Reply   
indonesia ,what do u mean by final target , do u mean for tonite or final before a big correction to start after this target ? thnx .

brisbane sunstate 03:42 GMT January 9, 2004 Reply   
new york ys
http://www.bloomberg.com/tv/

Indonesia Solo raden_masandi 03:39 GMT January 9, 2004 Reply   
Indonesia Solo raden_masandi 17:43 GMT January 8, 2004
nyc.
nearest target at 1.2794 and final at 1.2844
LOL finnaly get 1.2794 and then rest for a while.

Tassy 03:39 GMT January 9, 2004 Reply   
new york ys it on cable tv.

Tasmania 03:38 GMT January 9, 2004 Reply   
Bloomberg next reporting re: Aud in a few moments

new york ys 03:27 GMT January 9, 2004 Reply   
nyc sa

What channel is Bloomberg. Thanks

Ldn 03:25 GMT January 9, 2004 Reply   
Aussie C/A deficit will be looked on as a liability once interest rates have levelled off, and by that time witha high ccy will have increased.,

Indonesia Solo raden_masandi 03:20 GMT January 9, 2004 Reply   
Caribean Rafe.
now I am ready. :-)
about gbp/jpy I see to go 197.57 as a top, but for today is very posible to get top at 195.57.
interesting number ..almost same 197.57 with 195.57 LOL.
but "must be get"

tasmania 03:18 GMT January 9, 2004 Reply   
AUD/USD's rapid rise likely to tilt RBA away from hiking rates short term, especially given slowing housing and inflation, says TD Securities chief strategist Stephen Koukoulas; notes RBA Governor Macfarlane has said in past AUD level does feed into monetary policy decisions. APt.

nyc sa 03:16 GMT January 9, 2004 Reply   
Bloomberg australian analyst speaking right now about a euro levell 135-140 , ist time I hear about the 1.40 level , as I said levels are given gradually to avoid overshooting by certain expiration dates .

Tasmania 03:16 GMT January 9, 2004 Reply   
Los Angeles think they are just pointing out how volitile the market is , which is true your profits can disappear like sand through your finger at these levels if the funds decide they want to take their pot off the table.

nyc sa 03:09 GMT January 9, 2004 Reply   
according to paris-bas euro 1.35 is in the cards , sterling/$ woud be rejected at the 1.84 level . I feel euro and sterling may go much higher longer term . last nite a swiss analyst said longer term euro going to 1.48 then 1.80's and $/swiss may see parity . But I guess the levels are given piece-meal to devalue the dollar in an orderly manner and avoid a $ crisis . !st quarter will definitely see euro 1.35 .Second quarter short the euro and long the dollar.

OK SZ 03:08 GMT January 9, 2004 Reply   
ML, thanks for the chart you sent...good work

OK SZ 03:06 GMT January 9, 2004 Reply   
farmacia, did you get the fibs done yet that you were going to email?

Melbourne Qindex 03:05 GMT January 9, 2004 Reply   
Melbourne Qindex 03:05 GMT January 9, 2004
EUR/GBP : The lower barrier of my daily cycle is expected at 0.6931 // 0.6942 and the upper barrier is located at 0.6984 // 0.6994. The distribution profile of my daily cycle probability chart indicates that the market has a tendency to trade between 0.6942 - 0.6973 initially.


... 0.6931 // 0.6942, 0.6952 ... 0.6973, 0.6984 // 0.6994 ...

nyc sa 02:57 GMT January 9, 2004 Reply   
looks like Paris-Bas is running the show proxy bank for ECB.Their analyst was excellent on Bloomberg monday evening ,he summed it up .Listen to bloomberg TV european time ,they have the best of the best as to direction .

Los Angeles 02:54 GMT January 9, 2004 Reply   
Tasmania, those BNP Paribas night desk traders seem to get it right no?

nyc sa 02:52 GMT January 9, 2004 Reply   
good reading http://www.dailyfx.com/article_rr_028.html dollar outlook 1st quarter 2004.

Melbourne Qindex 02:52 GMT January 9, 2004 Reply   
Melbourne Qindex 02:52 GMT January 9, 2004
EUR/JPY : My 44-day cycle reference suggests that the market may vibrate around the qunatised level at 133.96 with a magnitude of +/- 1.91 i.e. 132.10 - 135.87. The lower barrier of my daily cycle is expected at 134.83 // 135.14 and the upper barrier is located at 136.41 // 136.73.


... 134.83 // 135.14, 135.46, 135.78, 136.09, 136.41 // 136.73 ...

melbourne farmacia 02:38 GMT January 9, 2004 Reply   
Cheers ML - taking a look for u.

Melbourne Qindex 02:38 GMT January 9, 2004 Reply   
Melbourne Qindex 02:37 GMT January 9, 2004
EUR/CHF : the normal trading range of my daily cycle is 1.5622 - 1.5711. The lower barrier is positioning at 1.5604 // 1.5622 and the upper barrier is expected at 1.5711 // 1.5729.


... 1.5604 // 1.5622, 1.5640, 1.5658, 1.5676, 1.5693, 1.5711 // 1.5729 ...

Tasmania 02:26 GMT January 9, 2004 Reply   
BNP Paribas says while speculators still long on EUR forex futures at near-record levels, these accounts can and do change positions quickly, meaning hard to conclude from that alone that one-sided risk exists

Melbourne Qindex 02:25 GMT January 9, 2004 Reply   
USD/JPY : Current Comment  . Register with [email protected] if you have no access to my page.

hk ab 0.88 02:24 GMT January 9, 2004 Reply   
Does any expert know what happen to BOJ on yen?
I guess Noody and jf are the crucial one to tell.

Maybe BOJ just need to learn from Malaysia and simply peg the yen there so that we can bother one currency less.

ikabod_25 02:17 GMT January 9, 2004 Reply   
kenkoy_cb : magandang umaga rin hehehe.thanks for the roses!

ikabod_25 02:16 GMT January 9, 2004 Reply   
am considering to add long cable but will wait until it nears 1.8277 which is the nearest support at the moment though a position at the moment with a stop at 1.8261 seems to be a tempting trade:).

Melbourne Qindex 02:16 GMT January 9, 2004 Reply   
USD/CAD : Current Comment . Register with [email protected] if you have no access to my page.

kenkoy_cb cb 02:15 GMT January 9, 2004 Reply   
ikabod good trades to u....magandang umaga

ikabod_25 02:11 GMT January 9, 2004 Reply   
still keeping my 1.8158 jan 07 long chnaging my stp to 1.8261 from 1.8091 for a riskless trade and will wait until 1.87 as ive said b4 and though the 106.15 short usdjpy with stp at 106.61 also entered last jan 07 still not showing profit , ive decided to keep it since im still sure that the 1999 low will be the nearest target to consider. good luck to all.

hk ab 0.88 02:09 GMT January 9, 2004 Reply   
last chance to grab cheap aud/nzd 1.14 plz one more

Caribbean! Rafe... 02:08 GMT January 9, 2004 Reply   
farmacia//where art thy when we needest thee! =)


think GBP/JPY will short well towards 192.70 at least?

hk ab 0.88 02:00 GMT January 9, 2004 Reply   
nt, you mentioned "oda at 1.2000" which pair is it?

Indonesia Solo raden_masandi 02:00 GMT January 9, 2004 Reply   
Caribbean! Rafe... 01:53 GMT January 9, 2004
sorry... I will answer at Erope open. remind me please.
still do something for broadcast.

Hong Kong nt 01:59 GMT January 9, 2004 Reply   
HK AB--guess dollar may fall another 2% before it's the best time to look for decent rebound. good trades to you...

hk ab 0.88 01:54 GMT January 9, 2004 Reply   
nt, you meant .72?

Melbourne Qindex 01:53 GMT January 9, 2004 Reply   
AUD/USD : Current Comment . Register with [email protected] if you have no access to my page.

Caribbean! Rafe... 01:53 GMT January 9, 2004 Reply   
raden_mas// what do you say about GBP/JPY?

Hong Kong nt 01:50 GMT January 9, 2004 Reply   
HK AB -- running only long usd/chf at 1.2250 and have a long oda at 1.2000, for aussie, .7950 is now in vision...

Indonesia Solo raden_masandi 01:47 GMT January 9, 2004 Reply   
Bandung Dewan,
Sorry..this morning I am very bussy (just say hello )
about your question of GBP/usd I think now price is on the bottom area to move up to get 1.8380 from 1.8313. seen price no have time again for rest too long in this area.
you can buy now at 1.8320 with stp at 1.8306 (bid) to get 1.8380. if you get this stp please wait at 1.8253 and 1.8237 for buy to get 1.8323 (safety exit) with stp 1.8228 bid for target objective 1.8300.

Melbourne Qindex 01:32 GMT January 9, 2004 Reply   
EUR/USD : Current Comment . Register with [email protected] if you have no access to my page.

Caribbean! Rafe... 01:22 GMT January 9, 2004 Reply   
may long GBP/JPY from current levels for a few pips before shorting down.

Melbourne Qindex 01:22 GMT January 9, 2004 Reply   
GBP/USD : The current expected trading range from my weekly cycle is 1.8109 - 1.8388. The lower barrier of my daily cycle is expected at 1.8258 // 1.8289 and the upper barrier is located at 1.8444 // 1.8475.


... 1.8197 ... 1.8258 // 1.8289, 1.8320 ... 1.8382 ... 1.8444 // 1.8475 ...


GBP/USD : Weekly Cycle Charts

Caribbean! Rafe... 01:20 GMT January 9, 2004 Reply   
GBP/JPY.

195.94
194.83
194.24
193.78
193.16
192.70
191.37

hk ab 0.88 01:09 GMT January 9, 2004 Reply   
buy some aud/nzd 1.1415.

Melbourne Qindex 01:08 GMT January 9, 2004 Reply   
USD/CHF : Current Comment . Register with [email protected] if you have no access to my page.

Caribbean! Rafe... 00:47 GMT January 9, 2004 Reply   
*burp* got my GBP/JPY fill last night at 192.32 and filled at 194.50 although i left some pips on the table i captured about 90% of the move.

new method worked to satisfaction will try it again tonight.

Tasmania 00:37 GMT January 9, 2004 Reply   
Australia's seasonally adjusted balance on trade in goods and services widened to a deficit of A$1.73 billion in November from a revised deficit of A$1.70 billion in October, the Australian Bureau of Statistics said Friday.

The figure is higher than analysts' expectations of a deficit of A$1.60 billion.
AP

OZ deanobravo 00:31 GMT January 9, 2004 Reply   
AUST trade balance came in at A$1.73 bio deficit agst expectations around the A$1.6 bio mark

Melbourne Qindex 00:31 GMT January 9, 2004 Reply   
Basically the market in general is still range bound in the Asia Session.


Melbourne Qindex 23:04 GMT January 7, 2004
USD/CHF : The upper barrier of my daily cycle is expected at 1.2457 // 1.2494 and the lower barrier is positioning at 1.2308 // 1.2341.


... 1.2308 // 1.2341, 1.2383, 1.2420, 1.2457 // 1.2494 ... 1.2568 ...


Melbourne Qindex 00:46 GMT January 8, 2004
AUD/USD : The lower barrier of my daily cycle is expected at 0.7646 // 0.7671 and the upper barrier is located at 0.7725 // 0.7747.


... 0.7646 // 0.7671, 0.7697, 0.7725 // 0.7747 ...

Melbourne Qindex 00:36 GMT January 8, 2004
USD/CAD : The lower barrier of my daily cycle is positioning at 1.2791 // 1.2823 and the upper barrier is expected at 1.2917 // 1.2949.


... 1.2791 // 1.2823 ... 1.2886, 1.2917 // 1.2949 ...

Melbourne Qindex 00:26 GMT January 8, 2004
USD/JPY : the critical point of my daily cycle is located at 106.22. The lower barrier is expected at 105.31 // 105.61 and the upper barrier is locatedat 106.53 // 106.83.


... 105.31 // 105.61, 105.92, 106.22*, 106.53 // 106.83 ...

Melbourne Qindex 00:16 GMT January 8, 2004
GBP/USD : The lower barrier of my daily cycle is expected at 1.8075 // 1.8106 and the upper barrier is located at 1.8262 // 1.8293.


... 1.8075 // 1.8106, 1.8137 ... 1.8199, 1.8230, 1.8262 // 1.8293 ...

Melbourne Qindex 23:33 GMT January 7, 2004
EUR/USD : The lower barrier of my daily cycle is expected at 1.2596 // 1.2620 and the upper barrier is located at 1.2718 // 1.2742.


... 1.2596 // 1.2620 ... 1.2669, 1.2693, 1.2718 // 1.2742 ...

Melbourne Qindex 23:04 GMT January 7, 2004
USD/CHF : The upper barrier of my daily cycle is expected at 1.2420 // 1.2494 and the lower barrier is positioning at 1.2308 // 1.2341.


... 1.2308 // 1.2341, 1.2383, 1.2420 // 1.2494 ... 1.2568 ...

Bandung Dewan 00:26 GMT January 9, 2004 Reply   
Indonesia Solo raden_masandi,
good morning, mas. what is ur predict for cable today?

Indonesia Solo raden_masandi 00:17 GMT January 9, 2004 Reply   
Good Morning Bandung Dewan.!!

ICT ML 00:00 GMT January 9, 2004 Reply   
cable view: 1.8285 needs to support now, so buy into dips with a tight stop, then reverse it if breaks, for 1.8105 support again. fib projections tgts today are 1.8322-50-71-91-8418-62 if 1.8285 supports.

good luck.

 




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