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Forex Forum Archive for 10/12/2004

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San Diego DC 23:54 GMT October 12, 2004 Reply   
Phladelphia caba,
If the CAD rally can't go up to the price range I mentioned, put a Bollinger band (BB) (setting =19, standard deviation = 2) or an envelope (Setting =19) on the chart you are trading. When the price rallies up to the upper BB band and makes a high and then tests that high, go short there.

Sydney Ge11Ja 23:28 GMT October 12, 2004 Reply   
gold coast martin 22:39 GMT October 12, 2004

You have to be wary when the drivers of the commodity boom, ie the Chinese, sell copper limit down

Melbourne Qindex 23:23 GMT October 12, 2004 Reply   
GOES B747 13:00 GMT - I will do it today after I finish the analysis.

Philadelphia caba 23:20 GMT October 12, 2004 Reply   
SD DC 22:50 GMT October 12, 2004
Philadelphia Caba,
IMHO CAD is short, the place to short it again is in the range 1.2581 - 1.2594.
I am assuming you are day trading.

Thanks for view, yes day trading.

Melbourne Qindex 23:16 GMT October 12, 2004 Reply   
USD/JPY : Current Comment.  Register with [email protected] if you have no access to my page.

Santo Domingo (SD) tht 23:09 GMT October 12, 2004 Reply   
Not me this time.

Ldn 23:07 GMT October 12, 2004 Reply   
A significant bearish divergence has formed on the daily Aus/USD charts, but prices rebounded from a test of the ascending 10-day MA line at 0.7267 overnight,largely due to oversold intraday studies that have now been corrected. Prices stalled at the 0.7320. We are looking to sell rallies or a break of the 10-day MA at 0.7280 for a test of 0.7200. ifr

Global-View 22:59 GMT October 12, 2004 Reply   
Repeat

Global-View 14:08 GMT October 12, 2004
QC, SD and others. One of our rules is to post a recognizable location. We have a "save" feature in the posting template so you only have to write your actual location/initials once and then save it. So, there is no excuse for posting initials for your location that are not easily recognizable. Thanks in advance for your coioperation.

SD DC 22:50 GMT October 12, 2004 Reply   
Philadelphia Caba,
IMHO CAD is short, the place to short it again is in the range 1.2581 - 1.2594.
I am assuming you are day trading.

gold coast martin 22:39 GMT October 12, 2004 Reply   
As posted before the peak of the commodity price cycle is ending andwith it waning commodity price demand which will have an impact on commodity prices in the medium to long term...in the short term ,with no significant US data this week the market has instead shifted focus on the economic fundamentals of the euro and this has given the usd strength in the short term....In additional to this, the artificial recovery of the yen from the sub 10950 level has also given the usd further strength.....today trade with caution as a downward tend is forming ...g/t

ny amc 22:11 GMT October 12, 2004 Reply   
VV............take it easy cowboy

VloridA VV 22:08 GMT October 12, 2004 Reply   
Why should I? And who are you, and what are you doiing on this page,
Making money or helping me???

Melbourne Qindex 22:03 GMT October 12, 2004 Reply   
EUR/USD : Current Comment.  Register with [email protected] if you have no access to my page.

pd cumino 22:00 GMT October 12, 2004 Reply   
Intel shares rise following Q3 report. Shares of the Santa Clara, Calif.-based company rose 3.7 percent to $21.02 immediately after the results were announced following the closing bell.

It may be a useful remind to put into other JPY thoughts.

Philadelphia caba 21:19 GMT October 12, 2004 Reply   
Long USD/CAD @ 1.2555, sl 1.2540. Any comments?

Ldn 21:13 GMT October 12, 2004 Reply   
European Economies: German Investor Confidence Drops Citigroup Inc., the world's largest financial services company, today raised its forecasts for the dollar against the euro for the next six months. The euro will decline to $1.20 in a month, Citigroup said in a note to clients, because ``expectations on the European economy are not running so high.''

SD DC 20:57 GMT October 12, 2004 Reply   
Thanks Athens.

Dallas GEP 20:49 GMT October 12, 2004 Reply   
Another anomoly occurring, usd/chf and usd/cad have nearly IDENTICAL pricing now so be careful when taking trades that you take the right pair!!!

Athens 20:46 GMT October 12, 2004 Reply   
SD DC, no specific tool in particular. I rather used experience with long term mega-movements where very large trends (like the one we had since 2002) are usually followed by very long consolidation periods often extending beyond 8-10 months. To that I added my feeling that 2004 being a US election year it would be very probable that policy makers would opt for stability.

SD DC 20:36 GMT October 12, 2004 Reply   
Athens,
Last week you mentioned 2004 was a trading range year and in 2005, that will not be the case, can u share what tool you used to figure that.
TIA

Athens 20:35 GMT October 12, 2004 Reply   
Spotforex, to be honest, I had expected something better from the Yen but with EUR/JPY holding 135 $/JPY didn't have much spave to move lower given EUR/$ levels.

Athens 20:33 GMT October 12, 2004 Reply   
Thank you PipPirate and houston st. Oh, st, fortunately they were pretty secure Games, lots of headache before about security.

houston st 20:20 GMT October 12, 2004 Reply   

ATHENS -- thanks for the info...btw, you throw a heck of an olympics...gl/gt.

Spotforex NY 20:13 GMT October 12, 2004 Reply   
Athens...it sums up those who have focused on the euro....

Thanks.....

I do see an increase in volatility in the ccy pairs.....

Rivonia PipPirate 20:11 GMT October 12, 2004 Reply   
Athens 19:07 GMT Thanks for your thoughts mate, always make good reading.

Philadelphia caba 20:07 GMT October 12, 2004 Reply   
Good afternoon everyone! Any comment on EUR/CHF?

Ldn 19:51 GMT October 12, 2004 Reply   
USD rally in a quiet market reinforced the fx markets are taking a more optimistic view after the passage of the
Homeland Investment Act.

Sydney Em 19:47 GMT October 12, 2004 Reply   
Aussie started off the session lower, as prices slipped below
0.7300 triggering stops. Prices fell all the way to the 4-1/2 week channel bottom at 0.7265, before staging a bounce. The rally took prices to 0.7310, but selling from German and US names caused a drop to 0.7285. Hedge funds bought on
the dip and caused a rally to 0.7320, but falling commodity prices raised concerns. Almost 1.5% losses in both copper and gold prices raised a red flag among Aussie longs. A sharp reversal in oil prices late in the day spelled a significant slide in the CRB index as well. Worries about global growth may come to the forefront and Aussie being the poster child for regional growth, is at risk. Large stops are below 0.7250, so use strength to 0.7350/60 to sell. ifr

OK SZ 19:44 GMT October 12, 2004 Reply   
will do thanks

Athens 19:41 GMT October 12, 2004 Reply   
OK SZ, on the right hand side of the forum find "Marketplace", then use the link to Trendways.

OK SZ 19:33 GMT October 12, 2004 Reply   
Athens..can you put it on the help forum so we don't bombard jay with this?

Sydney EM. 19:33 GMT October 12, 2004 Reply   
U.S. Dollar Higher As Metals Fall
The U.S. dollar was stronger against most major currencies today, aided by a slide in gold prices. The greenback gained as metals prices fell across the board, led by a seven dollar plunge in the price of gold. In early afternoon spot currency trading, buck gained ground against the Euro and cable; the Euro-U.S. Dollar (EUR-USD) currency pair fell about 60 pips or 0.5% to 1.2320, and the Great Britain Pound-U.S. Dollar (GBP-USD) currency pair fell about 80 pips to trade at 1.7890. The buck also gained against the yen and Swiss Franc, pushing the U.S. Dollar-Japanese Yen (USD-JPY) pair 0.4% higher to 109.80 and the U.S. Dollar-Swiss Franc (USD-CHF) currency pair 0.5% higher to 1.2570. Gold fell for a second consecutive day, trading at $416 in New York after reaching a six-month high on Friday of $426 per ounce. The greenback has an "inverse relationship" to the price of gold, as one tends to rise when the other falls. Other metals also lost ground; copper fell 1.4% on word that demand from China for the metal fell 21% for the month of July.

Athens 19:30 GMT October 12, 2004 Reply   
ny amc, on my site. If you contact Jay at GVI he can give you details.

ny amc 19:24 GMT October 12, 2004 Reply   
Athens......what page are you speaking of ?

OK SZ 19:08 GMT October 12, 2004 Reply   
volume on the dow was from the sell off of oil..the market is trading off oil for now..so just watch the oil market and adjust

Athens 19:07 GMT October 12, 2004 Reply   
Last night I wrote on my page:
"I am trying to think what could be the bluff on the bluff. I mean, since Friday the big majority believes (once again) it's now or never (to rally on the upside). But this expectation has been seen so many times this year that one can't trust anything. Little doubt, if any, if this pair falls under certain levels, e.g. under 1.2325-50, the market will once more be overly disappointed and will try to liquidate its longs again. Well, the bluff on the bluff would be first such a disappointment and when they will all start calling 1.22, bang, a thrust above 1.25. I am not saying this will happen but it's a fair probability. After all, the market never offers free meals to all the traders, the bigger the bluff the fewer will get the lunch, the others will only pay."

What do I make of today's price actin? Well I had a EUR/$ support at 1.2280 (I guess many others had about the same) and this has held thus far. A break of thi level wouldn't be exactly critical for me (unless 1.2235-45 also gave way) but it would surely cast shadows on the EUR. Technically I would consider a close above 1.2325 as constructive for EUR/$.

LA Fxnew 18:45 GMT October 12, 2004 Reply   
alright.. some movement with cable .. lets see if it can hit 7820..

)toronto( Dr Unken Kat 18:38 GMT October 12, 2004 Reply   
cable is already long so is euro , go long on the next dip

wait for stochs to cross

Ltn th 18:36 GMT October 12, 2004 Reply   
Serious volumes on dow a little while back. Anyone know what was favored.

SD DC 18:36 GMT October 12, 2004 Reply   
Euro potential target ~ 1.2391-1.2398

Dallas MD 18:30 GMT October 12, 2004 Reply   
Cable is beyond risky, it's bi-polar!

Ldn Mvs 18:29 GMT October 12, 2004 Reply   
vv odd price action in cable - anybody hearing anything reliable?

Dallas MD 18:29 GMT October 12, 2004 Reply   
I'm long EUR/JPY From 135.15, 134.99 Stp, 135.49 & 135.69 Tgts.

Ca LOS ANGLES 18:28 GMT October 12, 2004 Reply   
LA Fxnew 18:08 GMT October 12, 2004
batter wait for good Trade cabel Is risky now

LA Fxnew 18:08 GMT October 12, 2004 Reply   
so right now anyone short cable?

Dallas MD 18:05 GMT October 12, 2004 Reply   
Cable spiked low three times today. Very Strange. Mauricio

dc lurker 18:04 GMT October 12, 2004 Reply   
LA Fxnew 17:36 GM

The "spike" down on that platform you mentioned was erroneous.

NYC 18:03 GMT October 12, 2004 Reply   
usd buying seems to have dried up????

Rio CV 18:03 GMT October 12, 2004 Reply   
what happened to the gbp? looks I was right to close my short almost 50 pips below actual level!

LA Fxnew 18:03 GMT October 12, 2004 Reply   
woww .. look at cable now ... dang .. its up

LAX-LGB SNP 17:41 GMT October 12, 2004 Reply   
... 07:38 GMT October 11, 2004
lets see if mkt keeps Gold above 419.21 ;-)

cya'll laterz

Gen dk 17:40 GMT October 12, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

LA Fxnew 17:36 GMT October 12, 2004 Reply   
well .. market is back to its silent movement ..
after spike problem .. it seems market is rather taking a break .. no direction now ...

Raden: you are still bullish on cable?

Thanks

Indonesia-Solo Raden Mas 17:16 GMT October 12, 2004 Reply   
Haifa ac 17:05 GMT October 12, 2004
thanks very much. I will check that chart about silver.
silver moved early than gold today?..
In my thinking gold was on ovrbought and this selling come as the reaction after get 422.50, but I get the message from cahrt will go to 428,20, but I didnt predict before until 413. I htink only 417 before fly.I suggest to my clients use average strategy gold today. lowest buy is at 414.

Sydney Alimin 17:16 GMT October 12, 2004 Reply   
this is just too quiet, market is almost dead...something must be developing in the background

i agree with frankie, if you dont have any existing position in the market better wait patiently till opportunity comes, don't rush into any position yet, gl everyone

NewYork frankie 17:09 GMT October 12, 2004 Reply   
so far a bad day at the office by recent standards. I have put a stop of .7285 on my Aussie long from .7315. I'm fairly confident that will hold up this intraday forex beast. My advice, and that of my bum friends here in the poor house is don't go chasing anything. Wait for something to come to you. Everything at the moment looks directionless.

Haifa ac 17:05 GMT October 12, 2004 Reply   
Indonesia-Solo Raden Mas 16:57 //Purely technical. THe answer comes from silver 7.34 is exactly .618 retracement.

Vancouver BC WLV 17:04 GMT October 12, 2004 Reply   
iain: if you have F/X/Sol chart, the EUR/USD day's low was 1.2260... a spike down just about 30 min. ago.

Indonesia-Solo Raden Mas 17:03 GMT October 12, 2004 Reply   
Vancouver BC WLV 17:01 GMT October 12, 2004
thanks friend. thats very helpfull to me..

Vancouver BC WLV 17:01 GMT October 12, 2004 Reply   
Gold moves inversely with USD. The Fed and the gang hate Gold... notice they usually suppress it at comex. Hard to fight them when they have the printing press.

Indonesia-Solo Raden Mas 16:57 GMT October 12, 2004 Reply   
gold move crazy is pure profit taking..?
anybody can help me?

london iain 16:53 GMT October 12, 2004 Reply   
Vancouver BC WLV 16:48 GMT October 12, 2004

not seeing a great deal of vol on eurusd personally. been to 1.2320 and low is 1.2307 since 5pm.

Vancouver BC WLV 16:48 GMT October 12, 2004 Reply   
EUR/USD - notice huge volatility. Dealers must be rampantly taking out stoplosses.

Bahrain Within 10 Pips 16:34 GMT October 12, 2004 Reply   
selling a call for Nov on Dia...say strick 107...
That option is dead meat

london iain 16:33 GMT October 12, 2004 Reply   
I would suggest you have done very well. Market to all intents and purposes didn't trade their from all I hear.

Bahrain Within 10 Pips 16:30 GMT October 12, 2004 Reply   
The I think the dow is attepmting to go 7,000 area around Nov 2005...
then the figure of 12,000 that was mentioned all the time a years ago..
might peak around jan 2007

GOES B747 16:30 GMT October 12, 2004 Reply   
sorry...1.7847....mistyped !!!

gt

LA Fxnew 16:30 GMT October 12, 2004 Reply   
hopefully cable spike is down not up ..
^_^

GOES B747 16:29 GMT October 12, 2004 Reply   
london iain 16:27 GMT October 12, 2004

I went long @ 1.7846...low on my platform was 1.7843.5

gt all

london iain 16:27 GMT October 12, 2004 Reply   
1.7858 low 1.7873 high. Depending on who i've spoken to this is pretty acurate.

GOES B747 16:27 GMT October 12, 2004 Reply   
maybe it is a clue for tomorrow....short GBP !!! :-)
the feed (wrongly or not) represented drop of 60-100pips in GBP...who knows !!!

gt

England Ray 16:22 GMT October 12, 2004 Reply   
Sorry, on cable I mean...

TIA

England Ray 16:18 GMT October 12, 2004 Reply   
Anyone has the low between 1500hrs to 1530hrs on EBS?

Thanks in Advance...

GOES B747 16:18 GMT October 12, 2004 Reply   
becareful from GBP crosses....spread goes crazy !!!
I stop trading for today !!!

gt all

Indonesia-Solo Raden Mas 16:07 GMT October 12, 2004 Reply   
rumours..IMF have sold their gold today. isnt right?
anybody can help me?

london iain 16:05 GMT October 12, 2004 Reply   
I trade directly with a number of clearers and no spike has been reported to me. Low is around 60, nowhere near 40 and definately not the fiigure. I would be amazed if you could buy cable below 60 thru a broker.

GOES B747 16:01 GMT October 12, 2004 Reply   
"DJ Chicago Fed Midwest Manufacturing Index Up 1.7% In Aug "

gt

London 16:01 GMT October 12, 2004 Reply   
Reuters has been down and this is causing some chaos in autoquoting

Chicago Goofy 15:58 GMT October 12, 2004 Reply   
Thank you LA SS.

Toronto YV 15:57 GMT October 12, 2004 Reply   
Can anyone confirm openning/closing pos on GBP spike down ?

OPO MW 15:56 GMT October 12, 2004 Reply   
There has been reuters interuption on prices...if you are filled on a wrong price, that will be corrected by the broker; it“s a situation that happens sometimes in the markets;

Rio CV 15:55 GMT October 12, 2004 Reply   
just in case I closed my gbp short. dont like the situation!

Los Angeles ss 15:54 GMT October 12, 2004 Reply   
Dealing rates on platforms are a compilation of best bid and ask from as many as 20 or so banks worldwide, with your broker program electronically picking the best one for you. Different brokers use a combination of different banks, same with charting programs. For example, I use Esignal and their rates jump all over the place, but my dealer platform rates remain relatively steady, they use few banks. Or so I have been lead to believe.

Ca LOS ANGLES 15:53 GMT October 12, 2004 Reply   
here low is 7841 for cabel
what

Chicago Goofy 15:51 GMT October 12, 2004 Reply   
Can anyone explain where our price data comes from and how are they related to reuters? Who knows this quoting mechanism? Thank you..

Rio CV 15:50 GMT October 12, 2004 Reply   
The spike is happening right now there!!!!!!!!!!!!!!!

Sydney Alimin 15:50 GMT October 12, 2004 Reply   
wow, wouldn't it be nice to put limit buy say 1.7810 and bang 60 pips in 5 minutes? gbp low on my platform was 1.7799, i think i am dreaming now in this very slow market...perhaps signalling time to call it a day

london iain 15:50 GMT October 12, 2004 Reply   
just had it confirmed. spike if seen is a misprint. 1.7873 at the moment.

)toronto( Dr Unken Kat 15:48 GMT October 12, 2004 Reply   
gep , howz your cad doing?

GOES B747 15:47 GMT October 12, 2004 Reply   
they claim the spike never happen....!!!

gt

jkt-aye 15:47 GMT October 12, 2004 Reply   
got news from some friends here that their reuters feed down too for 30 min now

GENEVA FHR 15:46 GMT October 12, 2004 Reply   
Low for cable is 1.7844 11.06 CET

LA Fxnew 15:45 GMT October 12, 2004 Reply   
hi guys ...
whats the gbp/usd rate right now?
since there was a huge spike

thanks

GOES B747 15:44 GMT October 12, 2004 Reply   
they talk about GBP feed problem...

gt

Dallas GEP 15:43 GMT October 12, 2004 Reply   
Closed my GBP shorts from earlier

GOES B747 15:41 GMT October 12, 2004 Reply   
1.7830 is the low for GBP/USD here

gt

Indonesia-Solo Raden Mas 15:41 GMT October 12, 2004 Reply   
be carefull with gold after touched 413.03. maybe this level is extreme bottom..

Chicago Goofy 15:41 GMT October 12, 2004 Reply   
I am not an experienced trader, but it happened twice in ten mins. It should be sth went wrong and unusual. I placed a long order at 1.7800 for fishing. except eur/gbp, all gbp pairs have spike on my platform.

Rio CV 15:41 GMT October 12, 2004 Reply   
gbp low 1,7799!! according my broker

Rio CV 15:39 GMT October 12, 2004 Reply   
The spike is still there in my platform. Goofy I agree with you, but I am not sure on the direction! (I am short gbp)

Los Angeles ss 15:38 GMT October 12, 2004 Reply   
b747 mine shows 195.98

HK Kevin 15:38 GMT October 12, 2004 Reply   
I think it's not a misprint. My trader (a bank) quotes recent low was 1.7836 (bid) for Cable.

Sydney Alimin 15:38 GMT October 12, 2004 Reply   
there were two spikes on eur/gbp here too separated by 10 minutes each

GOES B747 15:37 GMT October 12, 2004 Reply   
GBP/JPY: day low shows 195.50 on my platform; please let me know if it is only my platform?

gt

GOES B747 15:36 GMT October 12, 2004 Reply   
Chicago Goofy 15:32 GMT October 12, 2004

what is that ???
how it came ???
there must be a mistake !!!

gt all

Chicago Goofy 15:36 GMT October 12, 2004 Reply   
Nasty movement gonna happen, in my opinion. Be cautious, Traders!!!

london iain 15:36 GMT October 12, 2004 Reply   
i can't trade cable as every line i have is frozen...eurusd is tradable at 1.2309.. still think any spike low is a misprint..

River Falls_USA_ PB 15:36 GMT October 12, 2004 Reply   
Rio CV,Chicago Goofy// 3rd party data providers having problems.

LA Fxnew 15:34 GMT October 12, 2004 Reply   
rio:
there is no spike on mine

Los Angeles ss 15:33 GMT October 12, 2004 Reply   
EurGBP spiked upwards as well. Maybe all having to do with London fix?

Rio CV 15:33 GMT October 12, 2004 Reply   
the spike is again here! very rare!

Chicago Goofy 15:32 GMT October 12, 2004 Reply   
Rio CV 15:25 GMT October 12, 2004

did u see it again?

Indonesia-Solo Raden Mas 15:31 GMT October 12, 2004 Reply   
IMO
good for buy usd/cad for target 2616..
now is on the buy level at 2564

london iain 15:30 GMT October 12, 2004 Reply   
reuters and deutsche frozed temporarily. still trying to establish problem, but reckon any spike seen is a misprint..

Indonesia-Solo Raden Mas 15:29 GMT October 12, 2004 Reply   
please change your target profit not at 7915 but at 7939 for gbp/usd.

Rio CV 15:25 GMT October 12, 2004 Reply   
anyone is seeing right now a 60 pips down spike on gbp/usd?? Is here in my platform!!

Chicago Goofy 15:25 GMT October 12, 2004 Reply   
anyone see the spike of GBP???
whats happened???

London 15:17 GMT October 12, 2004 Reply   
Oil seems to be topping out and pulling many commodities down with it , gold falls $9 so far since Asia.

KL KL 15:13 GMT October 12, 2004 Reply   
okbought very small parcle of gold here 414....will add to 411 sl 409....

Le Havre Alphonse Brown[000] 15:07 GMT October 12, 2004 Reply   
usd/chf back in sell signal, short at 1.2572

Bahrain Within 10 Pips 15:05 GMT October 12, 2004 Reply   
LOL...:)

Indonesia-Solo Raden Mas 15:05 GMT October 12, 2004 Reply   
sorry.. I mean 2553..:-)

Gen dk 15:04 GMT October 12, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Indonesia-Solo Raden Mas 15:04 GMT October 12, 2004 Reply   
hold your sell usd/cad until get 2353!!..

HK Kevin 15:02 GMT October 12, 2004 Reply   
Bahrain Within 10 Pips, many thanks for your prompt reply. Think you should changeyou login name t0 1,500 pips. If it breaks 1.2605 easily, I will hold on my positon.

Gen dk 14:56 GMT October 12, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Bahrain Within 10 Pips 14:55 GMT October 12, 2004 Reply   
Kev:
It all tech Analysis...as crude way to persude u..
Cad...has 168 trade days between peaks...as average
+ / - 40 days.
That is OK if u check daily chart..
+ I have it to be really strong buy with many TA...
If one can hold for some time say 1 Month with no fear..
will make it...any ways...don't day trade it nor short it

Indonesia-Solo Raden Mas 14:52 GMT October 12, 2004 Reply   
I bought aussie at 7312 for tgt 7336..

HK Kevin 14:47 GMT October 12, 2004 Reply   
Bahrain Within 10 Pips 14:25 GMT, Re: USD/CADyou are talking 15 big figures from the current level. Though I have small long from 1.2523 last Fri with t/p 1.2605. May I know your reason for such a trend reversal.

Santo Domingo tht 14:44 GMT October 12, 2004 Reply   
10 pips - with CAD to 1.39 you're looking at AUD back to .66?
Is that reasonable?

GOES B747 14:40 GMT October 12, 2004 Reply   
Happy hour for USD bulls (and JPY but not with USD/JPY)knocking on the door, will someone open the door ???

gt all

Bahrain Within 10 Pips 14:36 GMT October 12, 2004 Reply   
In general...don't day trade these days...
not even swing...it more long term

Bahrain Within 10 Pips 14:35 GMT October 12, 2004 Reply   
by next two days u might wanna get out

Bahrain Within 10 Pips 14:33 GMT October 12, 2004 Reply   
All I Know it's no longer short term trading..
Cad is verge of going up with strong rally for 4-5 months...
I think by end of this week...
Euro might hit 1.245 again...but this coming drop might be to 1.1950

KL KL 14:31 GMT October 12, 2004 Reply   
quito_ecuador_valdez , just a quick one...what is your sl and does it vary in every trade?? tia

USA Biscuit Boy 14:30 GMT October 12, 2004 Reply   
Nice one Valdez! Managed to scoop some more euro and aud below figure. Hoping I am setup now. GT.

Los Angeles ss 14:28 GMT October 12, 2004 Reply   
Within 10 Pips -- what is your take on CAD for the next few hours. Holding sell from 1.2588

quito_ecuador_valdez "mos-quito" 14:26 GMT October 12, 2004 Reply   
closed 1.2400 €/$ short at 1.2315, my tgt...giving 5 pips to bank netting +80 pips. Longed pair @ 1.2320, little premature but have to...we've meetings all day, can't watch chart, our maid nor pitbull can't trade. LOL GT all. Will wait for 1.25..right or wrong.

Bahrain Within 10 Pips 14:25 GMT October 12, 2004 Reply   
5 months cad might not be sell till 1.39

london iain 14:21 GMT October 12, 2004 Reply   
earlier discussed channel support is so far holding on eurusd (incidentally a trendline can be drawn down from 1.8750 high on cable, which is attempting to fuel a recovery as well - if market closes above 1.7890 it would look potentially bullish). However, this "recovery" is anything but impulsive so I would stay on the sidelines unless long eur was entered sub 1.2290 earlier with 20 pip stop..

NewYork frankie 14:15 GMT October 12, 2004 Reply   
closed my eurgbp shorts for a 5pip loss / real boring.
Bought Aussie at 7315 tp 7345 no stop all on

Global-View 14:15 GMT October 12, 2004 Reply   
Tks

Santo Domingo tht 14:11 GMT October 12, 2004 Reply   
Santo Domingo - Dominican Republic.

Santo Domingo (SD) tht 14:10 GMT October 12, 2004 Reply   
Will post Santo Domigo for the future.

Global-View 14:08 GMT October 12, 2004 Reply   

QC, SD and others. One of our rules is to post a recognizable location. We have a "save" feature in the posting template so you only have to write your actual location/initials once and then save it. So, there is no excuse for posting initials for your location that are not easily recognizable. Thanks in advance for your coioperation.

London 14:08 GMT October 12, 2004 Reply   
US FED: Richmond Fed Surveys Signal Strength in Mfg & Services

praga jan 14:07 GMT October 12, 2004 Reply   
valdez:on the short term,let's say 1h chart,the pair went well under 1.2317,the 61.8 fibonacci(1.2246-1.2432).for me this is an indication that the downtrend will continue on the short term.what you think about that?

Gen dk 14:05 GMT October 12, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

QC Swap 14:03 GMT October 12, 2004 Reply   
Got out of my USD/CAD short for very small pip. I guess I lost confidence in that trade.

SD tht 14:03 GMT October 12, 2004 Reply   
FWIW when Reuters CRB index was at 283 in 1984 AUD/USD was at 0.95, the index is above 285 now and AUD/USD is at 0.73. End of 1980 index at 338 and AUD around 1.18. History doesn't always repeat itself but I think it's a reasonably good indication of which way AUD is heading.

GOES B747 14:03 GMT October 12, 2004 Reply   
quito_ecuador_valdez "mos-quito" 13:58 GMT October 12, 2004

good one !!! /// what about 50% here and the rest later...both will be right !!!

gt

london 13:59 GMT October 12, 2004 Reply   
tk jf

depends on your time frame for trades i guess.



gd luck

quito_ecuador_valdez "mos-quito" 13:58 GMT October 12, 2004 Reply   
Praga// Tks amigo! My wife and I were just doing what you said..drawing a line in the middle, agrees with other posts below as well, although I'm not a copy cat trader. Wife favors closing now for 90 pips, I favor waiting for 1 more bounce to confirm this is bottom (at least today). We are right almost 50-50 so it's a coin toss. Haven't consulted others here. We both agree to long after close.

Bahrain Within 10 Pips 13:52 GMT October 12, 2004 Reply   
gold might hit 411...time for correction to 424 again

praga jan 13:52 GMT October 12, 2004 Reply   
valdez:about your comflict between suport at 1.2315-1.2220:probably it would be the average 1.2250-1.2260.sometimes the truth is at the middle.anyway if you draw the 30 day line including the lows of 8 and 20 september,1.2250-1.2260 could be the real bottom.what you say?

tk jf 13:51 GMT October 12, 2004 Reply   
london - my apols - years seem forever to me - but thats fx for you

Bahrain Within 10 Pips 13:46 GMT October 12, 2004 Reply   
could be some conflict two days...mkt might slow

london 13:43 GMT October 12, 2004 Reply   
tk jf...i didnt say never.

i said for many years, and i'll stand by that for the reasons i mentioned.

quito_ecuador_valdez "mos-quito" 13:43 GMT October 12, 2004 Reply   
OMIL// Tks much! My 3 yr €/$ chart on my wall has the "mother of all lines" same as you have, we're = there. I'm using exclusively the 30 day chart for recent trades however (I should also look loooong term as you are). I see where you're coming from on 'mother line' support at 1.2220 ish, & agree it could go that low (hope so!). My conflict is in the "mother line" support at 1.2220 & the last 30 day support line at 1.2315, a full 100 pips diff. It looks now my tgt 1.2315 is too high...best wait & not close this short eh! Tks much again, hope others got this too.

Miami OMIL (/;-> 13:40 GMT October 12, 2004 Reply   
Maxx is one of a kind and it is good to have him back IMHO.

tk jf 13:39 GMT October 12, 2004 Reply   
london
never say never - its a market and what is unlikely today can still eventuate at some point

Rivonia PipPirate 13:37 GMT October 12, 2004 Reply   
Ahem, cough, for the benifit of newbies(sorry to sound like Mosque_quito). 2 yrs of living in a cave with a female Rocky Mountain grizzly bear has done wonders for Maxx's communication skills. Well done Maxx, nice to c u back.

QC Swap 13:37 GMT October 12, 2004 Reply   
Short USD/CAD at present levels, 1.2550 TP

london 13:36 GMT October 12, 2004 Reply   
KL...

oil will not trade 20 bucks for many years.


china is in the process of building up a massive strategic oil reserve on top of its immense demand for commercial industrial and consumer purposes.

same goes for many commodities.



we are in the midst of the biggest industrial revolution in the history of humanity......the sooner everyone gets their heads round it, the better off they will be at coming to terms with medium and long term market trends.


read shanghai bc out the archive for more.

Indonesia-Solo Raden Mas 13:31 GMT October 12, 2004 Reply   
KL KL 13:19 GMT October 12, 2004
I prefer gold about 428.20. I think profit taking reaction will be finished at 414 now. hold your buy or averaging here. I still not yet look reversal signal..

KL KL 13:31 GMT October 12, 2004 Reply   
I think oil is next....may hit 55 then like gold drop like stone...I am sure every producer is trying to sell as much at this price including Mr bush reserve....cos tomorrow recession no one wants oil at $20...imho

Indonesia-Solo Raden Mas 13:28 GMT October 12, 2004 Reply   
LA Fxnew 13:21 GMT October 12, 2004
I prefer focuse on 7915-17 on gbp..

Bahrain Within 10 Pips 13:27 GMT October 12, 2004 Reply   
PT cad at 1.3030
PT eur/aus at 1.71

YVR MAXXIM 13:25 GMT October 12, 2004 Reply   
"D"ZEW dropped to 31.3 from 38.4 and well below market expectations of a milder fall to 36.5.
DAX 3959, down 59 from 4018 must have pulled EUR-USD to 1.2288.
DOW (d.fut.down58) below 10.000 today might give pair a lift. IMO

GT.MAXX Z.

Warsaw mach 13:24 GMT October 12, 2004 Reply   
if you look for gold or oil prices check www.kitco.com

quito_ecuador_valdez "mos-quito" 13:23 GMT October 12, 2004 Reply   
Bahrain Within 10 Pips 13:11 GMT October 12, 2004// Expect to see $65 oil soon enough. Wouldn't surprize me at $75.
1. About 1/2 of all Russian export income is from oil...highly dependant, need $$ bad. They don't cry about screwing up Europe/N.Am/Japan econs w/ high oil.
2. M.E. getting worse not better..I see more (not less) pipeline sabotage, supply interruptions, maybe port terrorism.
3. Iran-US-UN relations touchy over Iran's nuke program..Iran can block a LOT of oil ships if it wants to get nasty...dunno on this.
4. Many Latin Am countries need $$ bad..high oil is "free foreign aid" the US and WMF don't have to "give"/loan.
5. Bush family=oil. M.E. snafu/turmoil good for them..raises oil.
6. Tax revenue is HIGH from US oil companies' profits..much needed funds to reduce deficit or spend on election promises.

Le Havre Alphonse Brown[000] 13:22 GMT October 12, 2004 Reply   
target on usd/chf at 1.2620 then 1.2666

LA Fxnew 13:21 GMT October 12, 2004 Reply   
raden:
your view on cable pls?
thanks

Miami OMIL (/;-> 13:21 GMT October 12, 2004 Reply   
quito_ecuador_valdez "mos-quito" 13:09 GMT October 12, 2004
First I must mention that all charts are not created equal so there could be a difference between my reading and yours and we would still be looking at the same thing. 2260-70 is a line I have drawn as the bottom T/L from the beginning of this month’s bull channel. 2200-20 is the Mother of all T/L that comes from a couple of years ago and has been pierced before but price action has never stayed under it to long. You can draw these lines from any time scale you like because the price will always be the same on any time scale. Obviously the bigger the time scales the easier to draw back a couple of years IMHO. For the September bull run I used the 4hr chart and the weekly for the Mother T/L. I hope that helps. GL GT

Ldn 13:20 GMT October 12, 2004 Reply   
Gold Tumbles Over $7 On Fund Profit Taking h- had a feeling we would see this today oil could be next , when you hear talk of $60 . time to flog it

Indonesia-Solo Raden Mas 13:19 GMT October 12, 2004 Reply   
to usd/cad players
exit your buy here at 2595..

SA Pat 13:19 GMT October 12, 2004 Reply   
Anyone know of a good link for spot gold and oil ?

KL KL 13:19 GMT October 12, 2004 Reply   
Raden or any body any comments on gold?? tia. Sold some at 1.21....now I think take profit at 15 sl....lock some in before it goes up again

london iain 13:17 GMT October 12, 2004 Reply   
very clear channel on gold since beginning of september was broken to downside this morning, hence the harsh selloff. looks horrible on a chart and indicators concur - this could accelerate lower quickly.

Bahrain Within 10 Pips 13:13 GMT October 12, 2004 Reply   
euro...don't think about longing till 1.2140

London 13:11 GMT October 12, 2004 Reply   
Gold hit the fan losing $7 since so far today

Bahrain Within 10 Pips 13:11 GMT October 12, 2004 Reply   
Is oil going north?

Bahrain Within 10 Pips 13:10 GMT October 12, 2004 Reply   
been buying eur/aus...and shorting aussie

quito_ecuador_valdez "mos-quito" 13:09 GMT October 12, 2004 Reply   
OMIL// I'm really pursuing my learning curve this AM..what chart are you using amigo (crayola! LOL..sounds like me) & pls gimme details of the channel if you have time to spare...maybe on Help Forum if too long for here. TIA GT

Miami OMIL (/;-> 13:07 GMT October 12, 2004 Reply   
First reaction to the 2315-20 resistance for eur/usd is good for the bears so far no buy signal at all on my system for the time being. I will be back later GL GT

quito_ecuador_valdez "mos-quito" 13:05 GMT October 12, 2004 Reply   
Mission Viejo Fxtrader4u 09:49 GMT October 12, 2004
"Euro will trade to 1.2260 before any significant consolidation."
Tks Fxtrader4u for your post, it's good for me! Not challenging you but why did you predict the 30 day support at 1.2315 will be moved to 1.2260? ...we love reasons...makes it fun... especially if you're correct, I make 40 pips more on my short and could even make more than anticipated on my subsequent long to 1.25 after US news releases later this wk.

Miami OMIL (/;-> 13:04 GMT October 12, 2004 Reply   
I have with my crayon marker a T/L drawn for eur/usd pair at around 2260-70 (September bullish channel) and Mother T/L at 2200-20 for now IMHO. GL GT

swiss 13:03 GMT October 12, 2004 Reply   
gold is getting down very quick

GOES B747 13:00 GMT October 12, 2004 Reply   
good afternoon Qindex,

why you did not post the EUR/JPY call (break below 135) also in your forum/area?

gt

Melbourne Qindex 12:57 GMT October 12, 2004 Reply   
Miami OMIL (/;-> 12:54 GMT - Thank you! I still have to guess the flight path of EUR/USD which is building up its circular momentum around 1.2332.

Le Havre Alphonse Brown[000] 12:55 GMT October 12, 2004 Reply   
(on 4 hours chart :)

Le Havre Alphonse Brown[000] 12:54 GMT October 12, 2004 Reply   
eur/usd on hour chart has opened below the most pessimistic down line of the bullish channel suggesting a change on medium term.

quito_ecuador_valdez "mos-quito" 12:54 GMT October 12, 2004 Reply   
12-Oct Tuesday Times:GMT ex=expected pr=previous
¥ data coming up:
JPY Crnt.AcctTot.(AUG) 23:50 exp=1100.0Bln¥ pr=1633.4Bln¥
JPY Adj'd Crnt.AcctTot.(AUG)23:50 ex=1350 Bln¥ pr=1387.3Bln¥
JPY Trad Bal-BOP Basis(AUG) 23:50 ex=932.5Bln¥ pr= 1383.0Bln¥
JPY Money Sup M2+CD (YoY SEP)23:50 ex=1.9%pr=1.9%
JPY Broad Liq'dty (YoY SEP) 23:50 ex=3.8% pr=3.8%
JPY Bank Lending (YoY SEP) 23:50 ex=-2.7% pr=-2.8%
JPY Int'l Securities Invest(AUG) 23:50 pr=705.3Bln¥

Tomorrow's worry sheet has no US data..lots of ¥, €, £, one NZ retail sales at 21:45.

Miami OMIL (/;-> 12:54 GMT October 12, 2004 Reply   
Qindex hope you are well this week. Good call on eur/usd pair earlier. GT

Melbourne Qindex 12:50 GMT October 12, 2004 Reply   
EUR/JPY : The market is going to penetrate through 135.00


Melbourne Qindex 04:26 GMT October 12, 2004
EUR/JPY : The current expected trading ranges from my 44-day cycle are as follow :-


... (134.41) // 134.84 - 135.27* - 135.71 // 136.14 ...

Indonesia-Solo Raden Mas 12:48 GMT October 12, 2004 Reply   
IMO
reaction of eur/usd chart after got 2322 until 2309 I think is enough. now is prepare to make new haigh than 2322. ideally at 2327-30 or 2358..

quito_ecuador_valdez "mos-quito" 12:46 GMT October 12, 2004 Reply   
Ant// If I live 40 more years, and if GV is stil here, I'll certainly post on the Help Forum. Tks for the well wish. Always polite amigo! ;^> GT...

quito_ecuador_valdez "mos-quito" 12:42 GMT October 12, 2004 Reply   
Togliatti Ant 12:28 GMT October 12, 2004//BTW, check Help Forum for my reasoning. Not saying to copy-cat it, just look it over. We've still got some "bounce time" to check this move, it's certainly possible as you indicated we'll see a new support line.

Togliatti Ant 12:40 GMT October 12, 2004 Reply   
use yr line on the help forum next 40 years and try to be polite

quito_ecuador_valdez "mos-quito" 12:39 GMT October 12, 2004 Reply   
Ref €/$: I see what you mean by double tops but if you use a 30 day "line" chart (I'm an Inteli_chart man) you'll see 3 to 4 days of "inclined consolidation" (10-4 to 10-7) formed between them, typifying this generally inclining yet blocky chart. I don't consider this a double peak formation as you can see similar formations previously and the chart never punched through the support line from Sep 8 to present.

HOWEVER..your point is valid in that we may seek a new support (nothing's impossible) & that's why I'm sitting on this profitable position a bit to see what's up before I close & long. The truth will appear in 2-3 hours of bounce. Besides it's US data time Thursday & Friday..you know the rest...long city.

Chicago Goofy 12:38 GMT October 12, 2004 Reply   
[CANADA AUG NEW HOUSE PRICES] rose 0.5% and 6.0% yoy. This was above the consensus estimate of a 0.4% mom gain. The yearly rate is unchanged from Jul, but it is down only slightly from 6.2% yoy in Jun, which was the highest since Feb 1990 and remains well above the 5.0% recorded in late 2003 and early 2004.

Cad is unaffected by the gud news.

Miami OMIL (/;-> 12:31 GMT October 12, 2004 Reply   
1 hr chart indicators are in O/S area and have produced a bounce at support for eur/usd at 2290-2300 for now immediate resistance is seen at 2315-20 and 2330-35 for now. I still believe that the eur/usd is still moving in a bullish channel so far but I am still looking for 2260-70 to print on my contra trade as long as resistance holds IMHO. GL GT

quito_ecuador_valdez "mos-quito" 12:29 GMT October 12, 2004 Reply   
Comments for beginning traders posted on Help Forum. BTW for postion trading I use a 30 day line chart as line drawing for me is easier on it & that's what I've used for over 40 years in equities...hard to teach an old dog new tricks.

Togliatti Ant 12:28 GMT October 12, 2004 Reply   
quito_ecuador_valdez "mos-quito", do you really think eurusd will go to 1.25 at the end of the week, what about two tops 1.2444 and 1.2433 does it looks bullish?

SYD Alex 12:26 GMT October 12, 2004 Reply   
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Indonesia-Solo Raden Mas 12:22 GMT October 12, 2004 Reply   
eur/usd have done 2321.. please keep for target 2330 or 2358..!!

quito_ecuador_valdez "mos-quito" 12:18 GMT October 12, 2004 Reply   
nyc/jk/ Tks amigo. Am posting my reasoning on Help Forum in a bit.

London 12:04 GMT October 12, 2004 Reply   
China FX Regulator:Recent Yuan Appreciation Rumors Untrue

nyc jk 12:02 GMT October 12, 2004 Reply   
nice call valdez.

quito_ecuador_valdez "mos-quito" 11:58 GMT October 12, 2004 Reply   
As I posted last night: i.e. €/$: "Asian session from the chartist's point of view should accomplish this plunge." It appears my short pervailed in the face of a preferred long by some analysts. Using 30 dayline chart (not candle) for €$, draw support line from Sep8 to Oct 8. This tells us we've likely hit bottom as we've punched through the support line & bounced back up = support line. I'm going to wait a bit however to make sure we've hit bottom before I close my 1.2400 short. I'll long immediately when I do however anticipating an eventual but soon climb to 1.25. I anticipate Thursday's & Friday's US data will stimulate the chart's move towards eventual 1.25. I anticipate some of the move occuring today but correcting, most of this move occuring Friday although for a 200 pip gain likely the following week will be needed too. My advice is to close all €/$ shorts now to long the pair.

GOES B747 11:43 GMT October 12, 2004 Reply   
any ideas if intraday trading ranges will get wider for today?

tia & gt

Le Havre Alphonse Brown 11:39 GMT October 12, 2004 Reply   
buy order on usd/chf at 1.2577

Syd 11:36 GMT October 12, 2004 Reply   
AUD/USD breaking 7305-7290 support Risk now a deeper selloff toward 7230, Daily Stochastics highly overbought,

MV Fxtrader4u 11:35 GMT October 12, 2004 Reply   
Euro short from 1.2416 with stop at stop at 1.2330 and take profit at 1.2260. Calling it a day. God Bless to all.

london iain 11:26 GMT October 12, 2004 Reply   
that's the one. mine looks ever so slightly different on reuters package, hence allowing a 20tk stop to give a little room for charting errors..

MV FXTrader4u 11:23 GMT October 12, 2004 Reply   
yes sir, I see short term buy indicators on 5 min as confirmed on 10 minute chart, but no significant buy signals that would
favor any significant change in trend direction until market consolidates further at these levels, thus allowing the more significant indicators to favor a buy. Daily, weekly and monthly suggest lower price levels on euro, with 4 hour target of 1.2260, as supported by 1,2 hour indicators. Again, consilodation would allow this indicators to suggest a buy, starting with the shorter time compressions and continuing on to the longer time compressions as the market continues to consolidates.

Indonesia-Solo Raden Mas 11:23 GMT October 12, 2004 Reply   
gold will go to 420.52. move from low today..

london iain 11:22 GMT October 12, 2004 Reply   
no worries, i'm talking my book anyway, which is always dangerous as you can believe your own hype, start running stops too deep etc..
fyi i'm trading core long cable positions and am dipping in and out of cable/eurusd short term. eurusd trade i am decribing is a tenous one, as a break of 1.2280 (which looks very possible) should promote a quick drop. however, if it can hold the line there is a slight possibility that substantial gains can be posted..

Indonesia-Solo Raden Mas 11:20 GMT October 12, 2004 Reply   
eur/usd..
lets go!!

Budapest Daniel 11:19 GMT October 12, 2004 Reply   
London do you mean this? Click

CT DB 11:15 GMT October 12, 2004 Reply   
MV Fxtrader4u
Fair enough, btw, there are techs supporting euro longs fwiw.

I learned a long time ago that if u follow someones trade recomendation, you better be prepared to accept the same risk reward. Not everyone plays intraday.

No disrespect taken or intended. keep posting.
GL

london iain 11:13 GMT October 12, 2004 Reply   
Their is a trendline that can be drawn from 1.2023 (8 sep) through 1.2243 (6 oct). Take a parallel line to the topside and there is a clear channel. This channel basically encapsulates the move higher from 1.1985 to the recent high at 1.2444 and is of almost 2 month duration. The lower end of this channel was touched earlier at around 1.2286. Therefore a eurusd buy here with a sl of 20tks has offered excellent risk/ reward this morning.

MV Fxtrader4u 11:11 GMT October 12, 2004 Reply   
Yes sir, I meant no disrespect, I was merely sharing my technical point of view, much in the same manner as anyone would share theirs views. This is a single sum market which requires both buyers and sellers and no one is correct 100% of the time, myself included. Again, just technicals and no emotion here.

CT DB 11:05 GMT October 12, 2004 Reply   
MV Fxtrader4u,

Good trades today, well done! fwiw allow other participants to air their views, afterall, thats a market!
Gl & Gt

MV Fxtrader4u 11:02 GMT October 12, 2004 Reply   
again, no technicals support a buy. too risky. Best strategy would be to allow for market consolidation which will confirm a bottom has been reached, and then wait for technical indicators to signal a buy. This strategy will enable you to trade with maximum 30 pips stops loss and trade with a favorable reward:risk ratio.

Indonesia-Solo Raden Mas 11:02 GMT October 12, 2004 Reply   
eur/usd ideally touch 1.2358 again.
rocket was burned now..LOL

london iain 10:57 GMT October 12, 2004 Reply   
watch for at least a bounce on eursud. trendline support from 1.1750 area and overdone hourly readings should keep the downside in check for the short term at least.

MV Fxtrade4u 10:56 GMT October 12, 2004 Reply   
With due respect sir, I do not advise buying euro at this time. Tecnicals favor lower price levels and to buy now would be just merely guessing at a bottom. Recommend to let the market consolidate and allow the technical indicators to indicate a buy signal in a few hours.

Indonesia-Solo Raden Mas 10:45 GMT October 12, 2004 Reply   
you can buy eur/usd now for target 1.2322-2358..

MV Fxtrader4u 10:33 GMT October 12, 2004 Reply   
Profit stop on cable @ 1.7870 hit for +39 pips and eur stop now at 1.2330 locks in +86 pips on eur/usd short from 1.2416.
Euro longs defending sell stops below 1.2290, but market appears determined to see euro lower as do the technicals, next target 1.2260. Will lower euro stop at 1.2330 to 1.2295 once markets reaches 1.2260.

Dallas GEP 10:28 GMT October 12, 2004 Reply   
Closed EURo short @ 1.2294 +17

Syd 10:25 GMT October 12, 2004 Reply   
FX OPTIONS: EUR/USD 1.2280 Expiry Today

MV Fxtrader4u 10:20 GMT October 12, 2004 Reply   
2nd objective at 1.2290 on eur/usd short from 1.2416 reached, stop lowered to 1.2325, next target 1.2260.
SEE ARCHIVE FOR DETAILS

Gen dk 10:19 GMT October 12, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Sydney Alimin 10:11 GMT October 12, 2004 Reply   
MV Fxtrader4u 10:02 GMT October 12, 2004

agree there mate, looking at eur/gbp, there is still room to the downside this time if market decides to go there...i'll let market players decide this

Dallas GEP 10:10 GMT October 12, 2004 Reply   
Euro stop at 1.2311 right now at BE.

MV Fxtrader4u 10:02 GMT October 12, 2004 Reply   
Sell stops below 1.2290, if hit, euro trades to 1.2260 quick.

Melbourne Qindex 09:55 GMT October 12, 2004 Reply   
GBP/USD : Current Comment.  Register with [email protected] if you have no access to my page.

Dallas GEP 09:50 GMT October 12, 2004 Reply   
ST, GBP has alot more potential than Euro short right now. Looking for maybe 20-30 pips on Euro but at least 30-70 pips on GBP GoASTROS. Great CALLS BTW Mission Viejo!!!!

Mission Viejo Fxtrader4u 09:49 GMT October 12, 2004 Reply   
Euro will trade to 1.2260 before any significant consolidation.
If euro closes above 1.2260 buy NY close, then this will provide opportunity to reestablish euro longs in Early London session on Wed.

houston st 09:44 GMT October 12, 2004 Reply   

GEP -- morning...how 'bout them Astros? stopped out of eur/usd length overnight...what's your thoughts on this pair since you are shorting? tia and good trades.

Nov04 crude on overnight trading @ $54.24 (+.94)...

Dallas GEP 09:38 GMT October 12, 2004 Reply   
Shorted 3 lots gbp/usd 1.7872 and 3 lots euro at 1.2311

borneo akbar 09:37 GMT October 12, 2004 Reply   
want to traveling with me gbp from 1.7880 going down to 1.7749
see now...

Indonesia-Solo Raden Mas 09:35 GMT October 12, 2004 Reply   
gbp/usd will touch 1.7903. maybe sellers wait this level for act..

hk ab 09:31 GMT October 12, 2004 Reply   
No more USD bears now?
Let me buy some gbp.

GOES B747 09:30 GMT October 12, 2004 Reply   
GBP/USD: moved s/l to 1.7872 /// blocked 25pips for the long and placed sell @ 1.7885/90

gt all

Mission Viejo Fxtrader4u 09:28 GMT October 12, 2004 Reply   
1.7878 next level to establish shorts, use 30 pip stop.

Budapest Daniel 09:27 GMT October 12, 2004 Reply   
12 october 2004

Eur/usd
Level Sell :
1.2447
1.2472
1.2524
1.2566
1.2596

Level buy :
1.2346
1.2293
1.2208

Gbp/usd
Level Sell :
1.7980
1.8037
1.8085
1.8190
1.8331
Level Buy :
1.7900
1.7890/85
1.7860
1.7840
1.7816

Usd/jpy
Level Sell :
109.85
110.02
110.28
110.39
110.51
111.08
Level buy :
109.45

gold
Level sell :
428.20
434.30
Level buy :
418.75
416.05

Aud/usd
Level sell :
0.7447
0.7345
Level buy :
0.7317
0.7300
0.7275

Usd/chf
Level Sell :
1.2557
1.2565
1.2616
1.2643
Level buy :
1.2515
1.2456

Mission Viejo Fxtrader4u 09:24 GMT October 12, 2004 Reply   
Expect some consolidation ahead of 1.7840, but cable will trade to 1.7780 next. Use Bids up to 7870 to add to shorts or establish new positions. SEE ARCHIVE FOR DETAILS +100 pips on EUR/USD and +40 on cable.

Melbourne Qindex 09:18 GMT October 12, 2004 Reply   
Melbourne Qindex 08:15 GMT October 12, 2004
EUR/USD : The next target is 1.2287. The barrier of my daily cycle located at 1.2327 // 1.2358 becomes a projected resistant level. The odds are in favour of maintaining the short position.

GOES B747 09:17 GMT October 12, 2004 Reply   
prague viktor 09:13 GMT October 12, 2004
all my orders are D.O.

gt

Zaporozhye, UA Nemo 09:13 GMT October 12, 2004 Reply   
There is 3 breaks - 1.23, 1.26 & 110.0 - next step.

prague viktor 09:13 GMT October 12, 2004 Reply   
GOES B747 08:59 GMT October 12, 2004
EUR/USD: placed 50% buy @ 1.2280/85 another 50% @ 1.2240/45 with s/l @ 1.2220/25
can we see it today mate G/L

Gen dk 09:10 GMT October 12, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

GOES B747 09:02 GMT October 12, 2004 Reply   
USD/JPY: placed sell @ 110.20/25 with s/l @ 110.45/50

gt all

Syd 09:01 GMT October 12, 2004 Reply   
German Oct ZEW Econ Expectations 31.3 Vs 38.4 Sep

GOES B747 08:59 GMT October 12, 2004 Reply   
Ken, no long term positions; just to collect some pips.

gt

Mission Viejo Fxtrader4u 08:59 GMT October 12, 2004 Reply   
1st objective on GBP/USD short is 1.7840, with 1.7780 target. Lower stop to 1.7870 once 1.7840 initial target is reached. Continue to hold Eur/Usd short from 1.2416, with stop now at 1.2355. next target 1.2290, then 1.2260. SEE ARCHIEVE FOR DETAILS.

GOES B747 08:59 GMT October 12, 2004 Reply   
EUR/USD: placed 50% buy @ 1.2280/85 another 50% @ 1.2240/45 with s/l @ 1.2220/25

gt all

houston ken 08:59 GMT October 12, 2004 Reply   
GOES B747 why would you short cable think that is very berish for now.

Vancouver Paddy 08:57 GMT October 12, 2004 Reply   
What do you all think??

The EURO has hit resistance or what?

GOES B747 08:50 GMT October 12, 2004 Reply   
good morning all,

GBP/USD: placed buy @ 1.7845/50 with s/l @ 1.7830

gt all

hk mom 08:48 GMT October 12, 2004 Reply   
2nd usd/cad entry is coming after 1.2550 plz give me 1.2600

sofia anmart 08:37 GMT October 12, 2004 Reply   
USD/CHF-1.2570. Above 1.2480 long side is preferred. Should be supported at 1.2560-55 for futher gains towards 1.2640.

Mission Viejo Fxtrader4u 08:35 GMT October 12, 2004 Reply   
Stop on cable short from 1.7909 lowered tp 1.7890, target 1.7780

PAR 08:34 GMT October 12, 2004 Reply   
With oil prices above $ 54 UK inflation figures must be a bad joke ?

Dammam Z 08:34 GMT October 12, 2004 Reply   
I've a problem abou Java applet"already post it on Help forum";any one may help?

Plovdiv Gotin 08:28 GMT October 12, 2004 Reply   
Anmart/ How do you see $/SF? TIA.

Sydney Alimin 08:28 GMT October 12, 2004 Reply   
:) euro is back to friday's pre-data price, nervous time for those who bought it above 1.2410 if still holding till now

Ina co'z 08:28 GMT October 12, 2004 Reply   
Placed selling order for cable at 1.7935 for TP. 1.7845...gl/gt !

PAR 08:25 GMT October 12, 2004 Reply   
Lack of domestic demand due to high oil prices and high taxes will sent German ZEW sharply lower and bring Euro below 1.2300.

Rivonia PipPirate 08:23 GMT October 12, 2004 Reply   
WASH DC SRQ 08:16 You show me your whisper 'n I'll show you mine. I sat up till 2am calculating, at that time of the am I'm not in the mood for posting, bed is more attractive.

sofia anmart 08:22 GMT October 12, 2004 Reply   
EUR/JPY-135.25. We sell at the market for 134.80.

WASH DC SRQ 08:16 GMT October 12, 2004 Reply   
wished the whispering men and women woul dhave the guts to whisper before the move.

anyway, look at eurgbp: 0.6916 on it and then move down for eurusd looks a good deal for me.

Melbourne Qindex 08:16 GMT October 12, 2004 Reply   
EUR/USD : Current Comment.  Register with [email protected] if you have no access to my page.

Haifa ac 08:14 GMT October 12, 2004 Reply   
Ldn 07:24 GMT October 12, 2004
EUR/USD: CTA Selling Looks To Test 1.2300 Support
//

What does it mean CTA Selling, please?

Bahrain Within 10 Pips 08:13 GMT October 12, 2004 Reply   
told u guys about aussie cad..etc

Auckland 08:12 GMT October 12, 2004 Reply   
Hello Guys, I'm new on this page- I'd appreciate if you give me any recomendation what would be good company to have opened account with if I want to trade FOREX

Bahrain Within 10 Pips 08:10 GMT October 12, 2004 Reply   
eur 1.2140 wed

Rivonia PipPirate 08:06 GMT October 12, 2004 Reply   
Y/d the charts did whisper to me:
Euro
12505-12488-12455-12439-12307-12291-12257-12240

Hi Maxxim, hows the cave.:-)

Miami OMIL (/;-> 08:05 GMT October 12, 2004 Reply   
Eur/usd is stalling on the critical retracement number 2310-2320 but ample room for a deeper search for the bears I would like to see 2260-70 print but will bail on any bounce from here. As I feared the bulls did not have enough momentum (broken record) to take the resistance and establish a new trend IMHO.

Tallinn viies 06:54 GMT October 12, 2004
I know it is frustrating but in range trading if you know the parameters you can play the range quiet effective IMO. For trend followers this has been a nightmare summer that never ends. Now back to sleep were I will find comfort in a dream of a nice trend LOL. GL GT

Ldn 08:00 GMT October 12, 2004 Reply   
Rumour of a Weak ZEW - Fix Order Speculation

London 07:51 GMT October 12, 2004 Reply   
Gold heading lower 419

Texas(Jksn.) PNB 07:45 GMT October 12, 2004 Reply   
allright.
thanks and gl. play safe.

Mission Viejo FXtrader4u 07:42 GMT October 12, 2004 Reply   
Cable close below 1.7911 at 8:00 GMT will confirm 1.7780 target

Sydney 07:39 GMT October 12, 2004 Reply   
Aud has critical support at 0.7280, which if broken could see a larger retracement to the downside.

Budapest Daniel 07:38 GMT October 12, 2004 Reply   
It is displayed as 33 on my system :)

London 07:35 GMT October 12, 2004 Reply   
The latest ZEW survey of German business sentiment at 0900 GMT is expected to show another sharp drop, with the main index forecast to fall to 36.4 this month from 38.4 in September.

Moskow 07:34 GMT October 12, 2004 Reply   
If you are looking for a reliable data source, suitable for precise
technical analysis - visit the best intraday forex
quotes history
for eleven main currency pairs since 1997

Eilat Dolphin 07:33 GMT October 12, 2004 Reply   
USDCAD and USDCHF prices are on an eclipse mode. Funny to notice, that's all.

I thought (hoped) last week that there was slight possibility of the Eurousd joining in a triple eclipse.

But a triple occultation needs a thousand years to occur once... even if it still means nothing.

Mission Viejo Fxtrader4u 07:31 GMT October 12, 2004 Reply   
Short Cable 1.7909, stop 1.7940, target 1.7780

Ldn 07:24 GMT October 12, 2004 Reply   
EUR/USD: CTA Selling Looks To Test 1.2300 Support

Sydney Ge11Ja 07:23 GMT October 12, 2004 Reply   
supposed support for gold at 420.00 looking vulnerable currently 419.6/10

Mission Viejo Fxtrader4u 07:22 GMT October 12, 2004 Reply   
Eur shorts from 1.2416, stop 1.2355, lower to 1.2320 once 2nd objective of 1.2290 reached. READ PREVIOUS POST FROM YESTERDAY FOR DETAILS

Eilat Dolphin 07:22 GMT October 12, 2004 Reply   
ML/ Read Sydney 06:53 link. Page 7 and following. Crystal clear for what is already known.

Eilat Dolphin 07:20 GMT October 12, 2004 Reply   
Sydney 06:53/ Bulls eye! It was great reading, highly informative! Now that $ move makes sense. My warmest thanks.

Texas(Jksn.) PNB 07:16 GMT October 12, 2004 Reply   
Mission Viejo Fxtrader4u 07:08 GMT October 12, 2004
u mean stop at 2455 lol .
anyway, gl to ypu.
btw, i had a short from 8th oct,2004 on eurusd.

hope everyone does well.

TIA:-)

Mission Viejo Fxtrader4u 07:08 GMT October 12, 2004 Reply   
euro shorts from 1.2416 established yesterday, stop at 1.2355, target 1.2290, then 1.2260.

Budapest Daniel 07:07 GMT October 12, 2004 Reply   
Hi all, just closed my aussie short from .7333 at 7308 Nice beginning of tha day :)

Mission Viejo Fxtrader4u 07:04 GMT October 12, 2004 Reply   
Sell cable at market for 1.7780, stop above 1.7950

ICT ML 07:03 GMT October 12, 2004 Reply   
Tallinn viies 06:54 GMT October 12, 2004
Amen to that Viies. too many fricken' false breaks and whiplashes the past few weeks for my taste. To catch any of this I think you have to be staring at the screens 24/7 to pounce quickly and I am getting far too lazy for that lately myself.

Melbourne Qindex 07:02 GMT October 12, 2004 Reply   
EUR/USD : Current Comment.  Register with [email protected] if you have no access to my page.

NewYork frankie 06:58 GMT October 12, 2004 Reply   
eurgbp shorted at .6884 TP 6863 all on no stop

ICT ML 06:57 GMT October 12, 2004 Reply   
Eilat Dolphin 06:41 GMT October 12, 2004
My undertanding is It is suposed to be some voluntary repatriation where if we agree and return $$$ to the US (for certain purposes only) we will ony pay a 5% tax on it, which is a pretty good deal for most. I understand it is a ONE TIME ONLY shot and there is no obligation to shut down our nice havens. But of course the Atty's have to search for the fine print before we'd even consider that offer with a ten foot pole. As always the devil will be in the details.

However if many big offshore corps decide its a good move I'd think the $$$$ would strenghten in the near term but what do I know!

Indonesia-Solo Raden Mas 06:56 GMT October 12, 2004 Reply   
aud/usd (0.7304)
I look aud/usd will get 0.7250.
good for sell now..

Tallinn viies 06:54 GMT October 12, 2004 Reply   
good morning

I gave up. this market is sooo dmn ranging that it is killing me.
forget my talks about long euro.
after euro took out prevoius day low, it is possible to go back all the way down to 1,2220/30 within next 48 hours.
good luck all

Mission Viejo Fxtrader4u 06:53 GMT October 12, 2004 Reply   
If currently not short euro, then Sell Eur/Usd @ 1.2340, stop 1.2370, target 1.2290, then 1.2255

Sydney 06:53 GMT October 12, 2004 Reply   
Eilat Dolphin FX Weekly Brief

Chicago Goofy 06:51 GMT October 12, 2004 Reply   
houston ken 06:47 GMT October 12, 2004

enlarge ur parameters and timeframe, it should show approaching the limit soon since we should expect a stronger movement than yesterday. Critical level still in line, market sentiment still valid but effect is fading. Dont know how high this Euro could go.. Gotta sleep now. Post an entry order at 1.2315, 1 lot.......see you guys mornings.

Bahrain Within 10 Pips 06:51 GMT October 12, 2004 Reply   
GM
Longed cable here for 70 pips

Sydney Alimin 06:48 GMT October 12, 2004 Reply   
closed all aud short, i think yen pairs look more interesting

Eilat Dolphin 06:47 GMT October 12, 2004 Reply   
Sydney/ You mean the US is really finished with tax heavens for its own multinationals ?

houston ken 06:47 GMT October 12, 2004 Reply   
FX makes no sense indicator saying one thing the direction is saying something different

Sydney 06:42 GMT October 12, 2004 Reply   
Eilat Dolphin couldnt have put it better

Eilat Dolphin 06:41 GMT October 12, 2004 Reply   
This euro bit start to sound like a retreat. Is something happening besides Zewi paranoļa? I was on another drawing board...


Syd/ you mention repatriation act in the senate: does it mean that the US offshores units will have to ship the bucks into the US tax guillotine ?
And if so, while at the beginning (days) it may help the $ some on the liquidity front; later on, the $ should feel like Napoleon in Moskow, shouldn't it ?

Melbourne Qindex 06:40 GMT October 12, 2004 Reply   
Melbourne Qindex 06:40 GMT October 12, 2004
EUR/USD : We have to observe how the market response around the level 1.2332 - 1.2336.

mission viejo Fxtrader4U 06:39 GMT October 12, 2004 Reply   
Lower stop on remainin eur/usd short from 1.2416 to 1.2355, first objective of 1.2330 reached, next objective 1.2290. SEE PREVIOUS POST FOR DETAILS

Indonesia-Solo Raden Mas 06:36 GMT October 12, 2004 Reply   
gbp/usd seem will get 1.7892/80. dont worry..because gbp/usd will get 1.7940 again.

NewYork frankie 06:36 GMT October 12, 2004 Reply   
closed my aussie shorts from 7324 at 7304

KL KL 06:30 GMT October 12, 2004 Reply   
I think imho $ bear MAY get whacked today. Many gold stock taking profit....ominous signs

London 06:29 GMT October 12, 2004 Reply   
When everyone is talking buy commodities even the taxi drivers !! its time to sell

hk mom 06:20 GMT October 12, 2004 Reply   
now the 1.2350 entered.

New plan
next is 1.2333 (changed)
next is 1.2315.

Helsinki iw 06:16 GMT October 12, 2004 Reply   
Fwiw/ Support on EUR/USD at 1,2310/20 should hold to maintain bullish tone.

Chicago Goofy 06:12 GMT October 12, 2004 Reply   
Looks like market driving in conflict. Any gud trade now?

Ldn 06:10 GMT October 12, 2004 Reply   
London Metal Exchange base metals prices in Asian trading closed lower on profit-taking by Chinese traders and speculative selling seems they want to get ahead of the crowd .

Ldn 06:07 GMT October 12, 2004 Reply   
Ldn ma dont think bearish just looking for a correction

Ldn ma 06:06 GMT October 12, 2004 Reply   
Can't resist to say that small fishes turn to gold and aud bears now. JIMVHO.

hk mom 06:02 GMT October 12, 2004 Reply   
buy small limit 1.2350
big one at 1.2330.

Syd 05:58 GMT October 12, 2004 Reply   
hk mom not cheap enough yet

Ldn 05:57 GMT October 12, 2004 Reply   
Spot gold steady in Asian immediate support at $420. Failure to hold above $420 will not bode well for the market as it increases the chances of a long liquidation
reuters.

Melbourne Qindex 05:57 GMT October 12, 2004 Reply   
Melbourne Qindex 05:56 GMT October 12, 2004
EUR/USD : Super magnets are located at 1.2332 & 1.2336.

YVR MAXXIM 05:54 GMT October 12, 2004 Reply   
hk mom 05:49 GMT October 12, 2004
Euro May Drop Versus Dollar; German Business Sentiment May Wane .ZEW!
http://quote.bloomberg.com/apps/news?pid=10000101&sid=aTu0Tbxh2Z40&refer=japan

hk ab 05:54 GMT October 12, 2004 Reply   
nt, any idea on your next aud entry point?

hk mom 05:49 GMT October 12, 2004 Reply   
Maxxim, it doesn't matter. euro is so bullish now.
pull out the moving averages and fib and go BUY mode.

hk mom 05:37 GMT October 12, 2004 Reply   
cheap aud.
and cheap franc.

wisconsin tim 05:28 GMT October 12, 2004 Reply   
TIM -- what happened to Green Bay's D tonight? They looked pretty helpless at times...

Yeah, Sherman is really looking like a fool for making Donatell (now Phile's D Coord) the scapegoat last year. Grats to your boys in Houston, it would of been a shame to lose after Sundays blown lead.

hk mom 05:26 GMT October 12, 2004 Reply   
Buy aud soon.

YVR MAXXIM 05:25 GMT October 12, 2004 Reply   
Good to see y'all , looking for more "MAGIC-TRADES" in the month's to come.

eur-usd 1.2340-50 fib. lvl.1.2245/1.2435 move , to buy or wait for [email protected]
ANYONE?

Good to be back!

GT MAXX Z.

hk mom 05:21 GMT October 12, 2004 Reply   
Yes, euro is really cheap. But I am waiting for 1.2250

Zaporozhye, UA Nemo 05:08 GMT October 12, 2004 Reply   
May be , time to buy cheap EUR before trade balance...
Memento SL! IMO

Sydney EM. 05:06 GMT October 12, 2004 Reply   
USD supported by Japanese buying after Passage Of The Homeland Investment Act through the U.S. Senate, which could result in a major repatriation of USD in coming months. Copper under pressure from Chinese accounts, weighing on commodity currencies

houston st 05:03 GMT October 12, 2004 Reply   
congrats to the Astros for breaking a 43-year dry spell of losing in the postseason.

TIM -- what happened to Green Bay's D tonight? They looked pretty helpless at times...

good trades to all today...

Indonesia-Solo Raden Mas 04:47 GMT October 12, 2004 Reply   
LA Fxnew 04:22 GMT October 12, 2004
if you meet 1.7925, you can buy for tgt 17980 but if you meet 1.7980 before get 1.7925 you can sell there for target profit below 1.7925 (forget it about 1.7925 if meet 1.7980 early)..

Indonesia-Solo Raden Mas 04:45 GMT October 12, 2004 Reply   
LA Fxnew 04:22 GMT October 12, 2004
IMO. gbp/usd touch 1.7925 and then move up to get 17980 and then go down sharply from there..

Dallas GEP 04:43 GMT October 12, 2004 Reply   
You are welcome SS

Melbourne Qindex 04:27 GMT October 12, 2004 Reply   
Melbourne Qindex 04:26 GMT October 12, 2004
EUR/JPY : The current expected trading ranges from my 44-day cycle are as follow :-


... (134.41) // 134.84 - 135.27* - 135.71 // 136.14 ...

LA Fxnew 04:22 GMT October 12, 2004 Reply   
hey raden:
will gbp/usd reach 17980 again ? from ur chart

wisconsin tim 04:12 GMT October 12, 2004 Reply   
or you could try this one and customize to display as many aeras as you want

Personal World Clock

Sydney Alimin 04:11 GMT October 12, 2004 Reply   
with no us data and plenty from uk and europe, watch eur/gbp plays

still holding aud short, no significant effort yet to try testing 0.7380 or even 0.7360 again despite all the talks about aud being 0.75 soon after friday's move, perhaps sign of market is overly tilted to long side as indicated by IMM report? anyway, stops in place and i'll enjoy the show

Provo John 04:09 GMT October 12, 2004 Reply   
Revdax, Here is a clock that displays the time in 5 countries. Click on the download button then scroll down to "World Time Clock."

World Time Clock

wisconsin tim 04:07 GMT October 12, 2004 Reply   
quito, no idea ... but if it does I will be a happy camper =)

these ranges are basically probable close prices based on solving RSI for price using historical change in RSI

quito_ecuador_valdez "mos-quito" 04:02 GMT October 12, 2004 Reply   
Wisconsin tim// On your calls below,
"10/11/2004 EURUSD 1.2430 1.2333 1.2473 1.2341"
curious...you have a low of 1.2333, hi of 1.2430..almost 100 pips difference..do you think today will really see that range? What's your personal take if you don't mind my asking. Tia amigo.

Singapore Sfx 04:01 GMT October 12, 2004 Reply   
Doesnt naturally follow, Revdax - given the state of markets in Asia recently , I've often been sleeping at noon, myself.

wisconsin tim 03:54 GMT October 12, 2004 Reply   
well you can stick a fork in my packers =(

Projections for 10/12/2004
Date Currency Close R1 Close S1 R1 High S1 Low
10/11/2004 AUDUSD 0.7391 0.7307 0.7417 0.7302
10/11/2004 EURGBP 0.6905 0.6865 0.6936 0.6870
10/11/2004 EURUSD 1.2430 1.2333 1.2473 1.2341
10/11/2004 EURYEN 135.88 134.93 136.35 134.72
10/11/2004 GBPUSD 1.8046 1.7902 1.8037 1.7876
10/11/2004 GBPYEN 197.33 195.79 197.37 195.03
10/11/2004 NDZUSD 0.6864 0.6785 0.6880 0.6792
10/11/2004 USDCAD 1.2574 1.2464 1.2586 1.2443
10/11/2004 USDCHF 1.2558 1.2459 1.2563 1.2431
10/11/2004 USDYEN 109.82 108.94 109.88 108.68

van revdax 03:53 GMT October 12, 2004 Reply   
Singapore Sfx 03:50 //i believe now is about noon in Singapore. are yu saying the traders in LDN are still sleeping in the morning?

Singapore Sfx 03:50 GMT October 12, 2004 Reply   
0450

van revdax 03:49 GMT October 12, 2004 Reply   
What is the time now in London? TIA

quito_ecuador_valdez "mos-quito" 03:48 GMT October 12, 2004 Reply   
HK MOM// Your advice please. 30 day €/$ chart..draw support line from Sept 7 to Oct 7. Present value=1.2367. Note line indicates..1.2320-30. Please offer your comment.

quito_ecuador_valdez "mos-quito" 03:42 GMT October 12, 2004 Reply   
12-Oct Tuesday Times:GMT ex=expected pr=previous
NO DIRECT USD EVENTS
AUD Nt'l Aus. Bnk Sept. B'ness Survey 1:30
DEM Consmr Price Indx (MoM SEP F) 6:00 pr=0.2%
DEM Consmr Price Indx (YoY SEP F) 6:00 pr=2.0%
DEM CPI-EU Harmonized (MoM SEP F) 6:00 pr=0.2%
DEM CPI-EU Harmonized (YoY SEP F) 6:00 pr=2.1%
EUR Fr.Trade Bal.(AUG) 6:45 ex=-300Mln€ pr=-437Mln€
EUR Fr. Indus. Prod.(MoM AUG) 6:45 ex=0.1% prev=0.2%
EUR Fr. Indus. Prod.(YoY AUG) 6:45 ex=2.9% pr=3.2%
EUR Fr. Mfg Prod.(MoM AUG) 6:45 ex=0.1% pr=0.3%
EUR Fr. Mfg Prod.(YoY AUG) 6:45 ex=3.2% pr=4.3%
GBP CPI (MoM SEP) 8:30 ex=0.4% pr=0.3%
GBP CPI (YoY SEP) 8:30 ex=1.4% pr=1.3%
GBP RPI (MoM SEP) 8:30 ex=0.6% pr=0.3%
GBP RPI (YoY SEP) 8:30 ex=3.3% pr=3.2%
GBP RPI ExMort'ge Int.Pmts(MoM SEP) 8:30 ex=0.5% pr=0.3%
GBP RPI ExMort'ge Int.Pmts(YoY SEP) 8:30 ex=2.2% pr=2.2%
EUR ZEW Surv.(Econ. Sentiment OCT) 9:00 ex=42 pr=44.7
DEM ZEW Surv.(Econ. Sentiment OCT) 9:00 ex=36 pr=38.4
DEM ZEW Surv. (Crnt Situation OCT) 9:00 ex=-60.0 pr=-61.5
EUR ECB Var.Rate RefinanceAuct.(OCT 12) 9:20 pr=2.03%
CAD New Hsing Pr.Index (MoM AUG) 12:30 ex=0.4% pr=0.2%
JPY Crnt.AcctTot.(AUG) 23:50 exp=1100.0Bln¥ pr=1633.4Bln¥
JPY Adj'd Crnt.AcctTot.(AUG)23:50 ex=1350 Bln¥ pr=1387.3Bln¥
JPY Trad Bal-BOP Basis(AUG) 23:50 ex=932.5Bln¥ pr= 1383.0Bln¥
JPY Money Sup M2+CD (YoY SEP)23:50 ex=1.9%pr=1.9%
JPY Broad Liq'dty (YoY SEP) 23:50 ex=3.8% pr=3.8%
JPY Bank Lending (YoY SEP) 23:50 ex=-2.7% pr=-2.8%
JPY Int'l Securities Invest(AUG) 23:50 pr=705.3Bln¥

hk mom 03:41 GMT October 12, 2004 Reply   
I have strong faith euro will not pass 1.2250 easily.

Indonesia-Solo Raden Mas 03:40 GMT October 12, 2004 Reply   
Los Angeles ss 03:23 GMT October 12, 2004
good morning !!
have a nice you.
let it gbp/usd touch 1.7980 again before down and eur/usd touch 1.2387 before get new low at 1.2346..

hk mom 03:40 GMT October 12, 2004 Reply   
vv I read you also bought GBP. Did you buy more yesterday?

Los Angeles ss 03:23 GMT October 12, 2004 Reply   
Dallas Gep -- Thanks to you and Raden on your guidance on Euro short this morning. You were perfectly right on with your circa 1.2360 call.

chicago joe 03:17 GMT October 12, 2004 Reply   
HK mom, they'll come back when euro's at 1.20. Lol.

hk mom 03:14 GMT October 12, 2004 Reply   
Where are all the faiths of bc and gecko?

Ldn 03:11 GMT October 12, 2004 Reply   

Sydney Ge11Ja, also hearing that funds may use the IMM excess's as an excuse to have a clear out, also the ZEW later today . just seems the whisper is out . plus this Citigroup Cuts EUR/USD forecast to 1.2000 vs 1.2400 previously in 1 month, to 1.2200 vs 1.2600 in 3 months

USA Biscuit Boy 03:05 GMT October 12, 2004 Reply   
Hope to see you around here again [email protected] Im on the west coast in USA now so bedtime for me. Have a good one :)

Wollongong [email protected] Trader 03:00 GMT October 12, 2004 Reply   
biscuit boy. yeah its only 45min from engadine. and thanks for that info?
i am my own broker. i work for Count Finanicial (Stock code - COU on the asx 200) we do our own research in house with the help of van eyk and light house partners in new yourke

)toronto( Dr Unken Kat 03:00 GMT October 12, 2004 Reply   
Wollongong [email protected] Trader
forget this name dude ,they would rip off to the bone , its the glooball king but of the bucket shopz

Chicago Goofy 02:57 GMT October 12, 2004 Reply   
Calabash, Thanks for your advice, I dont like this sluggish market tough.

USA Biscuit Boy 02:50 GMT October 12, 2004 Reply   
Wollongong you mean 5 pips not 5 cents? Yes 5 pips is about standard. Is that Wollongong NSW near Engadine?? Ahh long time since I thought about that place!!! If so there is an online broker with an office in Sydney.....just google them.

tk jf 02:50 GMT October 12, 2004 Reply   
Wollongong [email protected] Trader 02:47 GMT October 12, 2004
global farce u mean

Wollongong [email protected] Trader 02:47 GMT October 12, 2004 Reply   
thats censored bit was meant to say G C I. Global leaders in online trading?

Wollongong [email protected] Trader 02:46 GMT October 12, 2004 Reply   
Hey all,
im new to all this. have been styding the markets alot though.
does every FX Trading account have a spread of aprox 5cents like censored do?

Sydney Ge11Ja 02:40 GMT October 12, 2004 Reply   
Ldn 02:37 GMT October 12, 2004

I agree, maybe sets off fund p/taking in all metals and funnily enough oil as well.. it is all spec anyway

might even help eur/yen next leg down

Calabash TarHeel 02:40 GMT October 12, 2004 Reply   
Chicago Goofy 02:00 GMT October 12, 2004
Fwiw: I would be cautious shorting usd/jpy at 109.90. If the yen is being sold across the board, 110.30/50 will probably be seen. Imvho.
Happy Trades

Ldn 02:37 GMT October 12, 2004 Reply   
Sydney Ge11Ja just get the impression market ready for correction everything seem overbaked.

Melbourne Qindex 02:34 GMT October 12, 2004 Reply   
Ldn 02:24 GMT - I am not following metals these days.

Sydney Ge11Ja 02:32 GMT October 12, 2004 Reply   
Ldn 02:24 GMT October 12, 2004

Down $50 now, is this the start of the p/taking in commodities the technicals have been calling for? wont help the AUD if it eventuates

Ldn 02:24 GMT October 12, 2004 Reply   
Qindex are you seeing a peak in metals near term ,
LME copper down $45 since London close Monday following sharp burst of Chinese selling at Shanghai Futures Exchange open.

Dallas GEP 02:11 GMT October 12, 2004 Reply   
Dr. Kat EURO HAS ALREADY BEEN below fib @ 1.2355. I look for bounce up around 1.2330 area

)toronto( Dr Unken Kat 02:04 GMT October 12, 2004 Reply   
cad isnt short just yet , any dip they gonna push up to the upper BB , macd show long as well /1hr

euro just hit the fibo

Chicago Goofy 02:00 GMT October 12, 2004 Reply   
Should we wait for the ZEW coming out to short CAD?
Yen to 109.90 and CAD to ur s/l would be a short position. IMHO of course.

quito_ecuador_valdez "mos-quito" 01:57 GMT October 12, 2004 Reply   
€/$ 2 day chart..resistance line: Oct 8 13:00 to present..lineal decline..peaks parallel the restance line, slow correction for overbought condition Fri, returning to prev. 30 day "line chart's" resistance of 1.2315 for a short stay if any, where I'll close my short & immediately open long for another likely successful lunge at the 1.25's. A plunge to resistance is due now actually, (typifying this 30 day chart) after this same lineal slow drop has progressed a day or two which it has. For years I termed it "declining consolidation". Asian session from the chartist's point of view should accomplish this plunge. Chart is on uptrend so interday longs = more profit than shorts.

Calabash TarHeel 01:56 GMT October 12, 2004 Reply   
Dallas GEP 01:49 GMT October 12, 2004
Gep, think it should be a good trade. 1.2530 seems to be the magic number it keeps coming to. Planning on holding my short to see if it can take out 1.2530.
Take Care.

knoxville dan-k 01:55 GMT October 12, 2004 Reply   
thanks

houston st 01:53 GMT October 12, 2004 Reply   

knoxville dan-k 01:39 GMT -- one of the best places is the Help Forum...do a global search of the archive (leave the city and initials blank and then put a start date of 1/1/01 through the current date...there are some gems in there from the members regarding technical analysis...it's worth the trouble...also recommend doing an archive search for several years here in this forum for anything by Shanghai BC...good luck and good trades.

Dallas GEP 01:52 GMT October 12, 2004 Reply   
YEP ST...cad shorts

Dallas GEP 01:49 GMT October 12, 2004 Reply   
OK 5 lots short usd/cad @ 1.2562 stop 1.2583 target 1.2533. check out archive for more concerning this if interested

Sydney Em 01:46 GMT October 12, 2004 Reply   
U.S. Senate Passage Of "Homeland Investment Act" Supporting USD

knoxville dan-k 01:39 GMT October 12, 2004 Reply   
would like to know how some of you set up your charts for the eur/$ and the $/yen, also for the eur/gbp and the gbp/$ as in time frames, candles or bars, momentum, rsi , things of this nature and thanks in advance for all replys

Dallas GEP 01:34 GMT October 12, 2004 Reply   
YEP my stop on my short from earlier short usd/cad was too tight. Got stopped out.

USA Biscuit Boy 01:33 GMT October 12, 2004 Reply   
Sold usd/jpy at 109.65. Cheers and have a goodnight :)

Ldn 01:33 GMT October 12, 2004 Reply   
Any views on US when they return taking a bit of some profit on Long position , get the feeling some in market feel its ripe ??

Calabash TarHeel 01:31 GMT October 12, 2004 Reply   
Well, Well. See that I just sold some Usd/Cad @ !.2569.

Ldn 01:31 GMT October 12, 2004 Reply   
Significant part of AUD momentum inspired by rapid rise in commodity prices over past month or so, AUD could "justifiably have rallied stronger given the rise in commodity prices". But nervous about risks in extended commodities where speculators have piled in, "creating an overshoot scenario". Warns won't be pretty if commodity markets correct; "not just for commodities, but for the AUD as well."

Macquarie Bank
Currency Report.

houston st 01:25 GMT October 12, 2004 Reply   

GEP -- yes sir...also Monday Night Football...it's like a war room here in my den w/ all the screens going...you doing anything in the market?

Dallas GEP 01:16 GMT October 12, 2004 Reply   
ST, Astros 3-0 over Braves. I assume you are watching

Melbourne Qindex 01:09 GMT October 12, 2004 Reply   
The following is still valid :-


Melbourne Qindex 22:55 GMT October 9, 2004
EUR/USD : The market is basically vibrating around the reference point at 1.2332 with an expected magnitude of +/- 100 pips, i.e. 1.2232 - 1.2432 for the time being. Next week keep an eye on the market movement of USD/JPY and EUR/JPY.

------------------------------------------------------


Trading Reference :-

... // 1.2232* - 1.2282 - 1.2332 - 1.2382 - 1.2432* // ...


Further Expansion :-

...// 1.2232* - 1.2257 - 1.2282 - 1.2307 - 1.2332 - 1.2357 - 12382 - 1.2407 - 1.2432* // ...

Chicago Goofy 01:05 GMT October 12, 2004 Reply   
Buy Euro at 1.2356, s/l 1.2340 open target to trade balance day.

London 01:05 GMT October 12, 2004 Reply   
NewYork frankie not sure it will get that low on this round , 7250 possible more like 7280. buyers cheers

Ldn 00:58 GMT October 12, 2004 Reply   
Oil Is A Perpetual Concern For The Dollar

NewYork frankie 00:56 GMT October 12, 2004 Reply   
of course, that should have read 7324 and 7300

Melbourne Qindex 00:55 GMT October 12, 2004 Reply   
Calabash TarHeel 00:50 GMT - They are moving in a interesting pattern.

NewYork frankie 00:55 GMT October 12, 2004 Reply   
sold aussie 7224 support broken TP 7200 all on

London 00:50 GMT October 12, 2004 Reply   
EURO Testing Yesterday"s low, Stops Below 1.2360

Calabash TarHeel 00:50 GMT October 12, 2004 Reply   
Melbourne Qindex 00:41 GMT October 12, 2004
houston st 00:36 GMT - USD/JPY, EUR/JPY and GBP/JPY are the most interesting pairs to watch this week.

Hello Dr. Q.
Oil up, Nikkei opening in the red, they should be indeed.

houston st 00:45 GMT October 12, 2004 Reply   

Melbourne Qindex 00:41 GMT -- I saw some of your predictions yesterday...I will keep them on my radar, and try to ride for a few hundred pips!! thanks for your analysis and comments; always appreciated.

Melbourne Qindex 00:41 GMT October 12, 2004 Reply   
houston st 00:36 GMT - USD/JPY, EUR/JPY and GBP/JPY are the most interesting pairs to watch this week.

houston st 00:36 GMT October 12, 2004 Reply   

DR. Q -- no doubt they will be worth the wait...perhaps this market will be cooperative to my trading this week! gl/gt.

Melbourne Qindex 00:36 GMT October 12, 2004 Reply   
USD/JPY : Current Comment.  Register with [email protected] if you have no access to my page.

worcester js 00:30 GMT October 12, 2004 Reply   
just a quick poll...what broker does everyone use?

Melbourne Qindex 00:25 GMT October 12, 2004 Reply   
EUR/CHF : It is going to consolidate between 1.5459 - 1.5539 for the time being.

Melbourne Qindex 00:24 GMT October 12, 2004 Reply   
houston st 00:22 GMT - Good evening! I am still catching up my analyses.

houston st 00:22 GMT October 12, 2004 Reply   

QINDEX -- good day to you...hope you are rested up from your vacation! good trades and good forecasts to you this week.

Philadelphia caba 00:19 GMT October 12, 2004 Reply   
Good evening, any comment on EUR/CHF spike around 5 PM EST 1.5491-15523 and back?

Melbourne Qindex 00:17 GMT October 12, 2004 Reply   
Melbourne Qindex 23:05 GMT October 11, 2004
GBP/USD : the critical point of my daily cycle is located at 1.7990........................................

Melbourne Qindex 00:04 GMT October 12, 2004 Reply   
The following are still valid when the market is under going a consolidating period.

Melbourne Qindex 02:26 GMT October 11, 2004
It is interesting to observe how the market responses when it is moving towrads/away from the following targets :-


USD/JPY = 109.42
AUD/USD = 0.7388
GBP/USD = 1.7958
EUR/USD = 1.2397
USD/CHF = 1.2492
USD/CAD = 1.2497

 




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