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Forex Forum Archive for 10/13/2004

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Melbourne Qindex 23:54 GMT October 13, 2004 Reply   
USD/CAD : Current Comment.  Register with [email protected] if you have no access to my page.

London 23:31 GMT October 13, 2004 Reply   
Anyone know if we have seen the correction ?? now

Asia TODAY

Pecs Andras 23:27 GMT October 13, 2004 Reply   
GEP
The ticker went nuts on my screen

Dallas GEP 23:23 GMT October 13, 2004 Reply   
SAXXXXXXO Ticker I mean

Dallas GEP 23:23 GMT October 13, 2004 Reply   
I guess censored ticker has gone away

Dallas GEP 23:21 GMT October 13, 2004 Reply   
I am of that same opinion Andras. I think also that EURo will short down FASTER than GBP

Pecs Andras 23:09 GMT October 13, 2004 Reply   
GEP
I am also in EUR/GBP short at 84. The highest so far in the new session.
BTW I think this high price is only due to this unexpected squeeze in the EUR. The cross is bound to go down IMHO

Dallas GEP 23:06 GMT October 13, 2004 Reply   
Eur/gbp for the most part will be contained by 18 period Moving Average which is at 6883. Not ALWYS but mostly.

WASH DC SRQ 23:00 GMT October 13, 2004 Reply   
Dallas GEP 22:54 GMT October 13, 2004
your short eur/gbp based on what? eurusd and gbpusd seem to be moving up. any comments helpful. thanks

Melbourne Qindex 22:56 GMT October 13, 2004 Reply   
USD/JPY : Current Comment.  Register with [email protected] if you have no access to my page.

hk mom 22:54 GMT October 13, 2004 Reply   
You cannot have cheap euro anymore.

Dallas GEP 22:54 GMT October 13, 2004 Reply   
Shorted eur/gbp 6883 looking for 6860

Philadelphia caba 22:49 GMT October 13, 2004 Reply   
hk ab 22:43 GMT October 13, 2004
BOJ is very very hardworking

Forex is BOJ!

hk ab 22:43 GMT October 13, 2004 Reply   
BOJ is very very hardworking.

Philadelphia caba 22:34 GMT October 13, 2004 Reply   
Melbourne Qindex 22:28 GMT October 13, 2004
Philadelphia caba 22:23 GMT - The odds are on your side if and only if the market is trading below 1.5431.

BTW, I used to work in the Fox Chase Cancer Center (Northeast of Philadelphia).

I know area over there, but my country of origin is Czech Republic, so nice to see you here!

Melbourne Qindex 22:28 GMT October 13, 2004 Reply   
Philadelphia caba 22:23 GMT - The odds are on your side if and only if the market is trading below 1.5431.

BTW, I used to work in the Fox Chase Cancer Center (Northeast of Philadelphia).

Philadelphia caba 22:23 GMT October 13, 2004 Reply   
Yes, I'll see .. if move below 1.5410 I'm gonna keep short. Thanks.

GER ad 22:23 GMT October 13, 2004 Reply   
EUR/CHF,
Have support near spot: 1.5445; 15430 (a break could be considered by some as trend break); 1.5400
I am long from 1.5448 S/L under 1.54 T/P 1.5520/50

)toronto( Dr Unken Kat 22:21 GMT October 13, 2004 Reply   
i just shorted aussie but its a scalp , the direction is long
look at the latest asymetrical triangle , macd have crossed long time ago generating the long , i shorted becouse stochs have crossed on 1hr at 80 , should be ok for few pipz

Philadelphia caba 22:20 GMT October 13, 2004 Reply   
Dallas GEP 22:15 GMT October 13, 2004

Thanks GEP & good luck for trading.

Melbourne Qindex 22:20 GMT October 13, 2004 Reply   
Philadelphia caba 22:14 GMT - We can ask for more if we see 1.5410.

Sydney EM. 22:19 GMT October 13, 2004 Reply   
Goldman Sachs pricing A$1 billion bonds in three tranches via lead managers Commonwealth Bank of Australia, Westpac, and Goldman Sachs
Anyone new on this ?

Athens 22:18 GMT October 13, 2004 Reply   
A couple of brief comments I posted on Wednesday and some follow-up:

11:07 GMT October 13, 2004
BTW, I can't see $/CAD above 1.2710 today

Fine, the day's high came close to that level but never cleared the figure and the unit then fell quite a bit. It remains medium term O/S (short term it could set minor traps). If it makes a new high on Thursday, we must then have a bottom in place.

11:13 GMT October 13, 2004
EUR/$-- As I said yesterday a close above 1.2325 would be constructive but the pair finished just about at that level and didn't clear the short term picture much. Today for a close to be encouraging I would have to see it finishing above 1.2345.

Frankly, after falling under 1.2245 I didn't expect to see a close at the above level (1.2345 spot on). Therefore the picture remains unclear and one should not commit to a rigid position. Trade flexibly, keep the head down and good luck. Good night all.

Dallas GEP 22:15 GMT October 13, 2004 Reply   
Well CABA, I would say it is a nice short from 1.5480, possibly 1.5475. This most recent USD dip tho is playing some havoc on the charts right now.

Philadelphia caba 22:14 GMT October 13, 2004 Reply   
Melbourne Qindex 21:28 GMT October 13, 2004
EUR/CHF : A projected supporting barrier is positioning at 1.5431 - 1.5441.

Thanks Qindex, I'm keeping 6 short positions from 1.5550-1.5450 level and waiting to 1.5410 if seen.

Philadelphia caba 22:09 GMT October 13, 2004 Reply   
Dallas GEP 22:05 GMT October 13, 2004

Good evening GEP, may I ask you on your view on EUR/CHF? Thanks.

Dallas GEP 22:05 GMT October 13, 2004 Reply   
Whatever that was earlier it wasn't pretty. Stopped out on Euro shorts, stopped out on USD/CHF longs. looking at charts now to see WTF to do now. If Aussie 30 minute MACD will cross I will take it short

Melbourne Qindex 22:04 GMT October 13, 2004 Reply   
USD/CHF : Current Comment.  Register with [email protected] if you have no access to my page.

Gen dk 22:00 GMT October 13, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Ldn 21:56 GMT October 13, 2004 Reply   
FOREX-Dollar weakens as oil prices resume climbJoe Francomano, vice president of foreign exchange at Erste Bank in New York, said the speed of the move caught the market off guard. "It looked very much like a hedge fund, or someone else executing a very large order," he said.

Sydney EM. 21:51 GMT October 13, 2004 Reply   

Australian The Coalition is closer to obtaining a Senate majority this morning, after Liberal Russell Trood claimed the party's third upper house in Queensland and the Nationals are on the verge of winning a seat. If Barnaby Joyce wins Queensland's sixth Senate seat it'll take the Coalition's overall tally to 39 in the 76-seat chamber, meaning the government would be able to pass its legislation at will
Press

VloridA VV 21:36 GMT October 13, 2004 Reply   
paris jb 20:57 GMT October 13, 2004

Hey mate I covered my longs Eur/Usd here will have a nap untill London open. But If Eur falls to 1.23 will make a full load for tomorrow NY and Friday. Dont believe that data will be any good.

Melbourne Qindex 21:28 GMT October 13, 2004 Reply   
EUR/CHF : A projected supporting barrier is positioning at 1.5431 - 1.5441.

Syd 21:18 GMT October 13, 2004 Reply   
Australia Corp Bonds:Australia Emerges On World Debt Map
International names look to diversify their funding mix in Australia. Close to A$1.2 billion in issuance was devoured at tight pricing by seemingly insatiable investors bringing September's total debt raised to A$4.1 billion, easily trumping the previous September issuance record of A$2.6 billion set last year, year to date figures are just as impressive.
2004, A$30.0 billion of debt has been digested in Australia, more than double the year-to-September A$14.9 billion of last year and already well above the A$21.2 billion in debt issued in the whole of 2003, which itself was a record year.
The Australian dollar market is increasingly getting a reputation as a solid regional alternative to the traditional funding markets of Europe and the United States
The more runs the Australian market puts on the board, the more it grabs the attention of kangaroo issuers considering other markets While debt issuance from local names has been healthy, it's the deluge of offshore 'kangaroo' issuance that has swelled the year-to-date debt issuance figure. So far this year, A$15.3 billion dollars has been raised by offshore names, compared to A$5.4 billion in the whole of 2003. That's partly aided by the RBA's repos and I think also the basis swap has helped The Reserve Bank of Australia widened the basket of triple-A names that are eligible to be put up as collateral for repurchase agreements with the central bank in March this year, while pricing to swap has been attractive for most issues thanks to healthy investor demand. Those factors will continue to lure triple-A rated financials and supras to the Australian market, according to analysts Earlier in the year, some analysts had expected that the flurry of international names raising debt in Australia would slow, further proof that, if anything, more kangaroos will soon bound into Australia's debt market, evidence that investors haven't gotten their fill of credit product deals are being up-sized, there doesn't seem to be a lot of pre-deal switching, technicals seem to be pretty solid And the offshore names continue to roll in, with Goldman Sachs & Co. (GS) and the African Development Bank looking to issue in coming weeks.
A strong business sector and healthy economy means most Australian companies simply don't need to raise debt at the moment, and strong competition remains for issuance from the U.S. private placement market. But as investors continue to gobble big issues at tight spreads, Australia's corporate debt market becomes more attractive to other potential issuers, meaning local corporate names, and possibly overseas 'true corporate' names, may also start to slot Australia into their funding mix.


This is prior to the Governments election win, aussie has now been given a floor


Lahore FM 21:17 GMT October 13, 2004 Reply   
Eilat i have another pair 40 and 65 and i get the numbers by mutiplying the fibo 8 and 13 with number of days in week that gives factor 5 so that makes 40 and 65.Even 85 which i pair with 52 is 21 x 5 the number of days to a trading week.I just am unable to recall why 52.I have been using it for six years.Will try and will let u know if i get to recall the exact reason.

Eilat Dolphin 21:08 GMT October 13, 2004 Reply   
FM/ Sure 52, that makes three of us already. But my unanswered question was: why 52 SMA (and not 50) ?

How come you ended up with that number too ?
Answers could be instructive, if known...

VloridA VV 21:06 GMT October 13, 2004 Reply   
I had that once. Last year July 4 shorted Gbp/Usr on the account of $13,000 - made $77,000 by September 1, but after that lost $27.000 just following the same shorting strategy with big size trades, though my indicators were screaming LONG.
Sh..t happens

Philadelphia caba 21:03 GMT October 13, 2004 Reply   
Good evening everyone!
Any comments on EUR/CHF?

Lahore FM 20:59 GMT October 13, 2004 Reply   
Athens Post on Double Bluff was of great value but Biscuit Boy's point on Triple Bluff is nothing less enlightening.

paris jb 20:57 GMT October 13, 2004 Reply   
VloridA VV 20:52 GMT

yes mate, I guess i have rio trade syndrom lol

the problem is after several winner trades in a row we began overconfident and we forget that it is probability game

so i went heavy on crowed screaming long $/cad long $/cad!!!

I should keep my initial short I whould be rich by now and acheived RIO trade lol

VloridA VV 20:52 GMT October 13, 2004 Reply   
paris jb 20:41 GMT October 13, 2004

Come on It's a simple math. Having a $10,000 account you have the right to have 2 full size = $100,000*2 positions opened, Only 2 which will take $2,000 from your account. Immagine - you have s/l 70 pips like today - you would have lost only $1,400 0r 1,500 depends on the spread which your brocker gives you - that is 20% - But if you jumped in with 8 full lots which is 80% of the account - your account is almost wiped out.

Lahore FM 20:51 GMT October 13, 2004 Reply   
Eilat my simple MA is also 52 and i pair it with 85 and get absolutely great results.

paris jb 20:51 GMT October 13, 2004 Reply   
VV I meant what is ur max number of lots if let's say u have 10k accont?

paris jb 20:41 GMT October 13, 2004 Reply   
VloridA VV 20:36



well I didnt play pocker , but I c what u mean , what about 20% of acc on what margin based ?? 1% 2% for one lot??

VloridA VV 20:38 GMT October 13, 2004 Reply   
paris jb 20:32 GMT October 13, 2004

Any size. But if you want to make your living dont start with the account less than $10,000.

Melbourne Qindex 20:37 GMT October 13, 2004 Reply   
EUR/USD : The market is building up its circular momentum around 1.2332.


Melbourne Qindex 01:10 GMT October 12, 2004
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* // ...

VloridA VV 20:36 GMT October 13, 2004 Reply   
paris jb 20:30 GMT October 13, 2004
VloridA VV 20:21 GMT

Well - have you ever played pocker? I mean If you lost now and again and again - just stop it. Go meet some friends, kiss the woman, sleep well. Tomorrow will be your day when you get it all back.

Melbourne Qindex 20:34 GMT October 13, 2004 Reply   
Melbourne Qindex 00:51 GMT October 11, 2004
USD/CAD (Weekly Cycle) : The critical point of my weekly cycle is located at 1.2436. The key quantized level of my weekly cycle is positioning at 1.2618. The pattern of my weekly cycle frequency chart indicates that 1.2497, 1.2558 and 1.2618 have the same frequency numbers. This would indicate that the market has a potential to move back and forth easily between these levels. The super magnet at 1.2618 will exert its effect on the market initially and this would be the primary target when the market is trading above 1.2497. The lower barrier is located at 1.2253 // 1.2314. The upper barrier is expected at 1.2618 // 1.2680. The market rhythm is represented by 61 pips and the weekly cycle normal trading range is 1.2253 - 1.2680 (Suggestion : Maintain a long position when the market is trading above 1.2436).


Weekly Cycle Quantized Levels

... 1.2253 // 1.2314 - 1.2375 - 1.2436* - 1.2497 - 1.2558 - (1.2618) // 1.2680 ...


paris jb 20:32 GMT October 13, 2004 Reply   
VloridA VV 20:21 GMT

20% of account based on what marin please???

paris jb 20:30 GMT October 13, 2004 Reply   
VloridA VV 20:21 GMT

thanks again, what do mean never fight forex?

Eilat Dolphin 20:29 GMT October 13, 2004 Reply   
VV/ Strange: My preffered MA on 4H is also 52 for most non JPY pairs.
My number came from my case studies only.
How, did you get yours ?

paris jb 20:24 GMT October 13, 2004 Reply   
Antwerp Tom 20:16 GMT

Vancouver BC WLV

sorry to hear that, in fact same ole same ole

after 3 years experience I realy beleive that until one master the game he should never trade alone, one should trade in DUO at the condition that
they should be emotionaly not involved together

this way no greed no precipitation no money management rule break etc.......

VloridA VV 20:21 GMT October 13, 2004 Reply   
paris jb 20:07 GMT October 13, 2004
VloridA VV 19:51 GMT October
Macd is macd slow stochastic is slow stochastic on my charts. I use payed version and you can use free one which is almost the same but with a smaller set of indicators. And actually you dont need them all. go to
http://www.dailyfx.com/FinanceChart.html

Forex is my fun - disaster and desease for 4 years. finally managed to end up each month with the profit of 10 - 40 % of the account.
Rule # 1 never trade more than 20 % of your account. Rule # 2 never fight Forex - if it doesn't give you some pips - just watch it - I mean Watch indicators which I have given you

Antwerp Tom 20:16 GMT October 13, 2004 Reply   
WLV, i had tp @ 1.2330 (€/$) early this morning, but Mr. Greed told me: are you crazy, we're going to test at least 1.2360 today, why throw away 30 pips. So i took out the tp and saw the subsequent slide from 1.2335 to 1.2225...
Whole day long i asked myself: why are you so stupid... LOL

Vancouver BC WLV 20:08 GMT October 13, 2004 Reply   
Bad day for me. I was right on my bets but too quick on the trigger. Was long on EUR/USD but closed out position w/small profit right at the start of the spike up. Then shorted halfway to the top and ended up with a huge loss. Grrrr. Next time will count to 10 before pressing the button.

paris jb 20:07 GMT October 13, 2004 Reply   
VloridA VV 19:51 GMT October

thank u mate,

MASD u meant MACD?

slow moving average : u meant simple moving average?

may i ask u how long u r trading forex??

in average how far u put stop intraday ? multiday?

10x

Eilat Dolphin 19:59 GMT October 13, 2004 Reply   
Alex/ No one can tell. You have to assess the following:

Did the market know what it was doing till the last two hours... or since the last two hours...

And the market doesn't know. It only suggest it attempts to feel...

We would never accept such behavior, even from the most dazzling beauty! But here we must...

paris jb 19:57 GMT October 13, 2004 Reply   
USA Biscuit Boy 19:35 GMT

yes that is the way mate,

but easy to say difficult to do, this game need a very high discipline, it need only one time to break rules to c desaster hapening, my last trade in $/cad take out profit af 2 weeks

only one trade is enough to blow up evrything,

i think that is the reason why 95% failed in this business

Rome Alex 19:53 GMT October 13, 2004 Reply   
Eliat Dolphin ... bearish or bullish FLAG?? which pair please'?

Eilat Dolphin 19:51 GMT October 13, 2004 Reply   
Funny: the flag formation underway is hanging on the ceiling instead of on the floor, like expected a bit earlier.

Or the opposite if your charts poles are upside down.

But it's still a classical flag formation.

VloridA VV 19:51 GMT October 13, 2004 Reply   
paris jb 19:21 GMT October 13, 2004
I will give you a clue:
Use Techy ONLY : MASD - settings 6,,13,4 Slow Stochastic - settings 8,3,3. Slow Moving Averages - settings 21 for 1 and 52 for 2. And Bolinder bands - settings defolt 20.2
If you apply these indicators to your Daily chart you will see that today's low 1.222x hit my SMA 52 and now 1.2339 is sitting comfortably at my 21 SMA while MASD - very important indicator is above 0. Stochastic is excellent to enter the trade when it at 0 or 100.
But more Important is overall bias i.e. TREND; look at 4 hour chart to get the trend for 3 - 6 months

And there are many other studies which you should and apperantly will know down the road. The rule is - Don't give up and stay in the game. If you stay in the game long enough, you will be able not only pay your bills, but probably buy a house from forex alone.

wisconsin tim 19:35 GMT October 13, 2004 Reply   
lol, everyone has multiple storys like that I bet, I was short aud/$ last night at the high then decided to get out for some reason or nother at +2. 15 minutes later was the bar down to mid 80's.

live, learn and pull hair out ... that's my motto

USA Biscuit Boy 19:35 GMT October 13, 2004 Reply   
Paris jb I think it is a good idea to come up with some kind of a system that indicates when a good value (i.e. higher probability) trade is available. This will give a frame of reference in deciding when to open a position and what size you should do it with.

Helsinki iw 19:34 GMT October 13, 2004 Reply   
USD/CAD: Great call Athens. Never fails.

Got stopped out on 50% of my long EUR/USD at 1,2280 unfortunatly, but recent price action leads me to believe we could challenge range highs and critical resitance at 1,2480/90 soon.

fwiw

paris jb 19:29 GMT October 13, 2004 Reply   
btw the ironie is I was short $/cad from 12663, than I reversed my position at 12637 at 16 GMT at 12640 as market stalled there and evrebody was screaming $/CAD Long

to 12750 !!!!!!!!!!!

well they were wrong and I was stupid to follow them and mostly coz of puting stop so far away lol

Juneau CAR 19:26 GMT October 13, 2004 Reply   
Well overseas gold trading is open and gold spiked straight up. You can see the chart here.

http://www.kitco.com/

VloridA VV 19:24 GMT October 13, 2004 Reply   
london phil 19:19 GMT October 13, 2004

I dont want to be too smart, but it is known that high oil prices always hit Japan most of all. And with the situation we now observe Yen will only fall.
GT

Global-View Research 19:22 GMT October 13, 2004 Reply   
Greenspan Drills For Oil (FXA)

With Fed Chairman Greenspan set to discuss oil on Friday, and the price of crude posting record highs, some cursory review of the Chairman's views on oil from early this summer are overdue... ee full story in our Research Section, CLICK HERE

paris jb 19:21 GMT October 13, 2004 Reply   
VloridA VV 19:10 GMT October 13, 2004

thank u mate, it's not bear or bull issue the point is I made a newbie mistakes again:

1- I trusted the market

2- I listened NOISE, i.e. all forecast and opinion should be considered like "indicators " , and one should never follow
only one indicator , a typical newbie mistake is to follow blindly
someone's call

3- I break money management rule and i put stop far away from my capability ,

london phil 19:19 GMT October 13, 2004 Reply   
if this was all about oil spike why did the yen not react a lot more seeing as this currency has been the most sold on oils run up the past few months

VloridA VV 19:10 GMT October 13, 2004 Reply   
paris jb 18:58 GMT October 13, 2004
Ma compassions. But you knew what kind a game you are involved in.
My advise (not nesessary to follow) buy anything against $ till New Year eve. But buy smurt. Say Eur/Usd buy now s/l below 1.2310 t/p will be seen.

Eilat Dolphin -- no Allah, No Christ are hosts of this market: DEVIL , SHITAN are the rolers.

Texas(Jksn.) PNB 19:06 GMT October 13, 2004 Reply   
Ok. This week's target of 1.2250 on eurusd also reached. Next one-touch contract I would take would be on 18th oct,2004 for 100 pips above the opening price on 18th october, 2004.

gl and happy week-end everyone.
TIA:-0

Eilat Dolphin 19:00 GMT October 13, 2004 Reply   
BDQ/ Good question, especially that CAD had good budget news today.

My guess now is that it has no sense, fx has to remain sometimes irrational or cannot exist...
Some financiers somewhere took bets on oil on factors that are approximate at best: it could be said that they had a feeling for a price condition. An instinct, a sixth sense. Some even claim the moon. And btw, ramadan is supposed to stgart Friday in Suadia and Gulf whether they do see the new moon (not a given) or not there So may be a couple of financiers decided to cut short so that they can party more at ease, and we lost some pips here or there.
Allah, you ? Again ?!

paris jb 18:58 GMT October 13, 2004 Reply   
hi traders,

i went out for one hour ,when come back found my long $/cad

stoped at 12556 just the low of the US session!!!!

it happened but the lesson is never listen to NOISE, I was confident that $/cad couldnt drop so far as most analysts and forecast services called drop from 12695 to 12640 as correction and expected for another pop of $/cad !!


I was completely wrong to trust those noise and i put my stop 80 pip away and where I cant afford it coz I beleived that market as evry body say will not go so far and my stop will not be hit

MY advise to all is beleive on ur own analysis and most of all

pay most attention to ur Money management and allways beleive that evrything can happen

Juneau CAR 18:52 GMT October 13, 2004 Reply   
Boy with the dollar reversal gold turned right with it. Go here to see the reversal chart. It was a u turn-lol.

http://www.kitco.com/

Now US gold trading closed right after the dollar reversal so the full manifestation of the dollar collaps cannot be seen, but overseas trading in gold will begin in a few minutes and we should see a continuation of the upward move in all metals.

We shall see.

USA Biscuit Boy 18:51 GMT October 13, 2004 Reply   
Well I know there is at least one happy mommy around here. Well done :)

lugano f. 18:35 GMT October 13, 2004 Reply   
we will see even 1.50 on a little longer (months) period...

lugano f. 18:33 GMT October 13, 2004 Reply   
agree with you biscuit boy...

VloridA VV 18:32 GMT October 13, 2004 Reply   
NewYork frankie 18:23 GMT October 13, 2004
Well I never. Just got back to see the carnage. That has to be one of the most cynical

What you mean by "cynical". Are you applying 3 cards play to the forex? Hmm
Dream on Frankie (BTW I love German Franks with mustard)
See you somwhere around 1.28/30

Gen dk 18:30 GMT October 13, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

BDQ 18:29 GMT October 13, 2004 Reply   
USD/CHF went down as well but why did USD/CAD go up

USA Biscuit Boy 18:27 GMT October 13, 2004 Reply   
Frankie I believe the stop hunt was done ealier this morning....see Athen's post regarding double bluff. Now the question is do we see a triple bluff between 1.25-1.26???

BDQ 18:26 GMT October 13, 2004 Reply   
Why did the USD/CAD pair go up as well? If USD goes down then the pair should go down as well. It went from about 1.2530 to 1.2580

NewYork frankie 18:23 GMT October 13, 2004 Reply   
Well I never. Just got back to see the carnage. That has to be one of the most cynical stop hunts I've ever seen. Yes, A stop hunt. Prices will be back down tomorrow on that euro and cable!

BDQ 18:23 GMT October 13, 2004 Reply   
what happened the EUR/USD just shot up

Vancouver BC WLV 18:22 GMT October 13, 2004 Reply   
EUR/USD: what now? Could trend lower after such a short squeeze.

lugano f. 18:20 GMT October 13, 2004 Reply   
...in any case i think is much better to try open your position being short of dollar and not buying it!!too risky!!

BDQ 18:18 GMT October 13, 2004 Reply   
EUR/USD up 1.2336

Pecs Andras 18:18 GMT October 13, 2004 Reply   
Why are higher oil prices any better for EZ countries than for the US.
Is the EZ not more dependent on oil import than the US?

Antwerp Tom 18:18 GMT October 13, 2004 Reply   
Maybe somebody found out some upcoming us data?

lugano f. 18:18 GMT October 13, 2004 Reply   
IMO, and i am thinking quite a lot of time that this is the case (from the 2 bottom aroung 1.2050/1.21 some weeks ago. a big hand is not collecting euro or whatever but simply SELLING USD!!! dont know if it is a political, fundamental, or even moral (just they dont want to have usd or investment in us, dont bather want the yeld could be...) but the big (but think is more then one) or maybie chinese are buying crude, other currencies and commodities (crude) before make the revaluation against the dollar (if they start around 40 and push prices of crude to 60/65 and Then make revaluation will be a null affair....and its much better then loose on foreign currencies....)but ... we will see!! good trade to all personally today had till 3 lot will stop at 2264/2230/2150!! at least one is still alive...on this i will not change s/l until 1.25 is reached...

Wash DC Tempus 18:11 GMT October 13, 2004 Reply   
NYC

Reversal in oil prices certainly relevant but US$ move seems to be abit more involved

NYC NYC 18:03 GMT October 13, 2004 Reply   
Tempus. It has been the spike in oil prices that hit equities and the usd.

Wash DC Tempus 18:02 GMT October 13, 2004 Reply   
There is news out abt McTeer resigning but taht doesn't make sense to rally EUR this much.....

I am thinking with all markets having turned, DOW, OIL, GOLD, US$ must be some terrosist or geopolitical event

Antwerp Tom 18:01 GMT October 13, 2004 Reply   
Went to birthday party two hours ago, came back now, what is going on with €/$? Anybody know something? TIA

Santo Domingo tht 18:00 GMT October 13, 2004 Reply   
sexy move.

Slovenia m 17:58 GMT October 13, 2004 Reply   
whats with Aussie?

Gen dk 17:58 GMT October 13, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Chicago Goofy 17:56 GMT October 13, 2004 Reply   
Hope catch the last train today. Boarded on USD/YEN...

Chicago Goofy 17:55 GMT October 13, 2004 Reply   
one pip greedy missed the train at 1.2269. so silly!!!

Eilat Dolphin 17:55 GMT October 13, 2004 Reply   
Crude not enough to boil the pot like this, imo. Crude + paranoïa, may be...

Bahrain Within 10 Pips 17:52 GMT October 13, 2004 Reply   
Eur longer..Take care...very dangerous time and Levels

LA 7 17:48 GMT October 13, 2004 Reply   
USD tanking. Any news out?

wisconsin tim 17:48 GMT October 13, 2004 Reply   
yeehaa, whats hitting the aud now?

Bahrain Within 10 Pips 17:47 GMT October 13, 2004 Reply   
dow might rally from here

Los Angeles bernie 17:27 GMT October 13, 2004 Reply   
Raden and others --- I am a newbie. It very helpful to me when you post a signal that you also post the current price.

hong kong nt 17:24 GMT October 13, 2004 Reply   
HK AB 15:44 -- is the name of the show called consolidation?

Indonesia-Solo Raden Mas 17:15 GMT October 13, 2004 Reply   
see u tomorrow my friends..

Bahrain Within 10 Pips 17:08 GMT October 13, 2004 Reply   
Carefull after NY close...
some more suprisses...
I suggest you get some sleep before then...maybe eat something

Vancouver BC WLV 17:08 GMT October 13, 2004 Reply   
EUR/USD upside momentum still in place. Still long... to 1.2285.

Bahrain Within 10 Pips 17:05 GMT October 13, 2004 Reply   
Dow
High Low
10139.88344 10019.01855
...
But really wants to 9800

dc CB 16:52 GMT October 13, 2004 Reply   
I'm also wondering how soon the programs will hit the US stock market (like they did yesterday afternoon) to ratchet it back up toward 10200...pre debate?

Eilat Dolphin 16:44 GMT October 13, 2004 Reply   
Goofy/ Metals which together with non US currencies are already highly anti USD leveraged, "cotted", + the tax repatriation act... and Kerry saying tonight (possibly/probably) :

"With all that money we made outside US, but only now you Bushies act to bring it back, while we have scores of people that didn't eat today... even war heroes/and commies drug victims, aren't you ashamed?"

Thus in the short term: 16 hours, I don't expect USD bearishness.

My 4 H candel exemple is only valid for the last 1800 candels, but still...

Indonesia-Solo Raden Mas 16:43 GMT October 13, 2004 Reply   
I mean usd/cad and usd/chf at 1.2627

Indonesia-Solo Raden Mas 16:41 GMT October 13, 2004 Reply   
funny.. usd/chf will be met at the same number with usd/cad before go away each other.LOL..

PAR 16:40 GMT October 13, 2004 Reply   
Rumor some banks and brokers lost heavily in metal selloff on LME.

Indonesia-Solo Raden Mas 16:36 GMT October 13, 2004 Reply   
LA Fxnew 16:18 GMT October 13, 2004
I think is yes. :-)

Chicago Goofy 16:34 GMT October 13, 2004 Reply   
Move is highly correlated to the metal price, without news drive/

Indonesia-Solo Raden Mas 16:33 GMT October 13, 2004 Reply   
for short term trade.
sell gbp/usd now(1.7891). will get 1.7874 soon..

Eilat Dolphin 16:33 GMT October 13, 2004 Reply   
EURUSD: On the 4 H charts, we are not used to see a naked needle like the prior one without it being backed by some news.

Thus I remain suspicious of any upside in the coming candels, and may re-enter a USDCAN long in a little while.

SanFrancisco tg 16:28 GMT October 13, 2004 Reply   
Eur has already bounced.

If anything it will sag again toward 2230/40 where it would be a better risk reward to purchase.

Bahrain Within 10 Pips 16:22 GMT October 13, 2004 Reply   
Eur 1.2180 might bounce

LA Fxnew 16:18 GMT October 13, 2004 Reply   
raden:
is it a good time to sell cable now?

ATL MA 16:15 GMT October 13, 2004 Reply   
Ahhh...A little vindication for dollar bulls today. I hope we get some follow through because I got well positioned for this at the beginning of the week. We'll see what the market does with the data out of the US the next couple of days. But I think the market may be shaking up a little. Even bad data may fail to bring out dollar bears in real force...eurusd in particular has failed repeatedly to break out of the topside...so buyers may not be plentiful. In my view the break of 12245 earlier confirmed a double-top on the pair and points toward the 12050 area. But no doubt a close below that level would be a better confirmation. There is some talk that the USD rally may have overshot...this is good for the market...it will bring some usd sellers back, and that will add liquidity and will ultimately propel a dollar rally. I read an interesting post that said that the last time commodities had a sharp sell-off as they are now, eur lost about 2.3% to the usd...it is a similar scenario right now. As before, my story remains that the eurusd range is going to hold for now. Buyers and sellers here are getting stuck in the middle of range. But I think we will see the lower end of the range before we would see a break out at the top...or the bottom, for that matter. As said last week and the week before, the market will need a reason to buy euros, not just a reason to sell dollars, to break the top of the range in my view. We haven't seen that...if anything we've seen only reasons to sell euro. So, I see these two ccys in a deadlock...and a range...still. GT GL

hk ab 16:14 GMT October 13, 2004 Reply   
I think only NY close number will be meaningful to Dr. Q analysis.

Indonesia-Solo Raden Mas 16:06 GMT October 13, 2004 Reply   
sorry.. got in my bussy when price move crazy..LOL
gbp/usd will go to 1.7806..
eur/usd will go to 1.2188..

USA Biscuit Boy 16:06 GMT October 13, 2004 Reply   
hk ab 15:15 GMT October 13, 2004

I think that scenario would fit nicely with Athen's posted comment yesterday about the double bluff. Interesting stuff.

hk ab 16:05 GMT October 13, 2004 Reply   
Martin is nice today.....
Do the quiet yen stuff... shshsh.

Bahrain Within 10 Pips 16:03 GMT October 13, 2004 Reply   
some cad here as well..long

Bahrain Within 10 Pips 15:56 GMT October 13, 2004 Reply   
i am selling more aussie here

Boca Raton 15:55 GMT October 13, 2004 Reply   
HK Mom,

I'm home.

hk mom 15:47 GMT October 13, 2004 Reply   
buy euro and aud now or you will regret.

hk ab 15:44 GMT October 13, 2004 Reply   
Iam only interested to watch eur show now.

Dallas GEP 15:41 GMT October 13, 2004 Reply   
Next level of sellers on Euro will be around 1.2274/5

Miami OMIL (/;-> 15:36 GMT October 13, 2004 Reply   
Van jv 14:52 GMT October 13, 2004
I also have T/L drawn around 2050-60 and 2000-10. GL GT

Miami OMIL (/;-> 13:21 GMT October 12, 2004
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

USA Biscuit Boy 15:33 GMT October 13, 2004 Reply   
Good morning guys. IMO eur/$ needs to close above its 200 ma coming in around 1.2253 today to keep the upside potential going and definately above my lower boundary of 1.2240 for this week.

nyc jk 15:22 GMT October 13, 2004 Reply   
ab - think that scenario makes a lot of sense too. don't fall out of your seat with me saying that!

london iain 15:19 GMT October 13, 2004 Reply   
ab - thinking along the same lines with gold weakness and dollar strength. I reckon a decent trending market is overdue and this could be the shakeout before it takes hold.

hk ab 15:15 GMT October 13, 2004 Reply   
If someone remembers well, prior to the run to 425 for gold, the gold dived to 390 first....
Maybe same scenario is happpening here for a dip to 405 and then, another run to 450.

Dallas GEP 15:13 GMT October 13, 2004 Reply   
Well I have entered small possies on Eur shorts but a good stop would be 1.2291 IMO

london iain 15:12 GMT October 13, 2004 Reply   
GEP - I'd be keeping stops on short eur positions pretty close just in case this bounce turns into something a little more meaningful..the rejection of the line at 1.2225 looks like it could potentially be good.

hk mom 15:10 GMT October 13, 2004 Reply   
why wait, sell the usd/cad for a 100 pips profit.

Budapest Daniel 15:08 GMT October 13, 2004 Reply   
I dunno where should I close my cable long. Maybe here maybe not....

Dallas GEP 15:06 GMT October 13, 2004 Reply   
Sold Euro earlier (small possie) and 1.2251 and then another small possie HERE @ 1.2264

Dallas GEP 15:05 GMT October 13, 2004 Reply   
bOUGHT USD/CHF @ 1.2598 TARGET 1.2640

Budapest Daniel 15:03 GMT October 13, 2004 Reply   
does anyone have open position(s) on cable or|and eur/usd?

NewYork frankie 15:01 GMT October 13, 2004 Reply   
Cable trailing stop hit for 25 pips. As usual, the market acts unpredictablely after a big non news sell off. I'm outta here for today.

GOES B747 14:53 GMT October 13, 2004 Reply   
imo, it looks EUR/USD looking to print 1.2180/85...no move above 1.2280/85 before that.

I am off for today, gt all !!!

Van jv 14:52 GMT October 13, 2004 Reply   
Miami Omil////mother TL ---only one I see is now around 1.21, based on lows and closed, ????

GOES B747 14:50 GMT October 13, 2004 Reply   
closed USD/CHF short for 54pips

gt

GOES B747 14:38 GMT October 13, 2004 Reply   
closed EUR long from 1.2230

gt

Boca Raton 14:29 GMT October 13, 2004 Reply   
HK Mom, whats for dinner?

Miami OMIL (/;-> 14:28 GMT October 13, 2004 Reply   
Eur/usd takes a fall as big stops are taken out at 2240 area. 2260-70 printed and the rest was history. Tough support here with Mother T/L guarding the line once more. I will be ready to long from here as soon as I see confirmation in my system. We are still in a bullish channel within the summer range for now. I will see better when the smoke clears today IMHO. GL GT

Spotforex NY 14:27 GMT October 13, 2004 Reply   
quito_ecuador_valdez "mos-quito" 14:17

$1,000 a head....I could turn in most of the residents of Astoria, Queens for that bounty and live comfortably everafter......

hk mom 14:26 GMT October 13, 2004 Reply   
yes, buy euro now more preferred than buy gbp.

london nh 14:19 GMT October 13, 2004 Reply   
it may not be confirmed whether a s/t low has been seen on eur/usd, however is does look like the five wave count down from 1.2338 is complete. s/t look for a move above 1.23

quito_ecuador_valdez "mos-quito" 14:17 GMT October 13, 2004 Reply   
..busy schedule 2day..back at 0100 GMT.
Spotforex NY---->
You posted on GVI about Chechan illegals entering thru Mex. Groups of 25-40 Ecuadorian illegals alone enter thru Mex border every 5-10 days, let alone those from all the rest of Latin Am. I suggest reduction (penalties) in US aid until Mex cleans up it's border. Also, for a FACT (not debatable..I know 2 coyotes-human trafficers) that officials on the US side are on the take at $1000/head. It costs Ecuadorians $14k for the trip including transportation inside USA and job placement. Not debatable. Osama could leak through like crap thru a goose.

Ina co'z 14:13 GMT October 13, 2004 Reply   
Intraday :
eur/usd resistance : 1.2285 -- support : 1.2220
gbp/usd resistance : 1.7885 -- support : 1.7814
usd/usd resistance : 1.2680 -- support : 1.2605
aud/usd resistance : 0.7261 -- support : 0.7185
IMO...GL/GT..!

BDQ 14:10 GMT October 13, 2004 Reply   
will EUR/USD break into 1.21XX level? Or will it head towards 1.23XX? Currently the pair is at around 1.2250 down from a high of 1.2338

quito_ecuador_valdez "mos-quito" 14:09 GMT October 13, 2004 Reply   
I don't have bc's email...OK bc, what's your take?

hk mom 14:08 GMT October 13, 2004 Reply   
valdez
You may ask bc.

Mission Viejo Fxtrader4u 14:08 GMT October 13, 2004 Reply   
Technical Update: Yesterday, when EUR/USD resumed its downward trend from Monday's failure around 1.2415, technical studies favored a test of 1.2290, and 1.2260 (see Mondays post). Today, Eur/Usd has failed to sustain a close above 1.2330 and more importantly, appears to be set to close below key daily pivot point of 1.2316. Furthermore, technical studies are much stronger than yesterday's bearish signals, with 30, 1,2,4, 6, 8, daily, and monthly charts in alignment for significant euro sell off. Weekly close below 1.2406 will also bring the weekly time compression into alignment. Other USD pairs show similar technicals.

quito_ecuador_valdez "mos-quito" 14:06 GMT October 13, 2004 Reply   
Does anyone have opinion on what effect (if any) the Homeland Investment Act (HIA) will have on FX traders? If one was a US citizen, would having a trading account somewhere other than in the USA be counted as foreign investment or foreign business?

HK Kevin 14:05 GMT October 13, 2004 Reply   
Look the safest trade is to short USD/JPY around 110.20.

gold coast martin 14:02 GMT October 13, 2004 Reply   
Boca Raton 13:54 GMT October 13, 2004
I am sure he doe not trade Demo accounts Boca.....

quito_ecuador_valdez "mos-quito" 14:00 GMT October 13, 2004 Reply   
I usually take the big picture into account more than I have in the last month. Closing my 1.2400 short yesterday at 1.2320 demands I take the big picture more into view. I tend to trade best using the 30 chart and got used to doing it, deviating from my usual broader picture stance. That limited my pips yesterday, a serious oversight in my opinion. Whack my peepee.

Pecs Andras 13:55 GMT October 13, 2004 Reply   
Hi guys
Any take on EUR/Yen?
I am short from 135.36

Boca Raton 13:54 GMT October 13, 2004 Reply   
Fxtrader4u

What does this mean? Are you going to trade my account?

GOES B747 13:54 GMT October 13, 2004 Reply   
EUR/USD: if will not break below 1.2220/25 today than the pair have to touch 1.2285/90 to re attack 1.2220/25-1.2180/85.

gt

quito_ecuador_valdez "mos-quito" 13:47 GMT October 13, 2004 Reply   
FX4U// Excellent trading & description of strategy.

Mission Viejo Fxtrader4u 13:38 GMT October 13, 2004 Reply   
Mission Viejo Fxtrader4u 08:16 GMT October 13, 2004
The Euro daily is testing key pivot point at 1.2316. A close below this level today will favor 1.2230

Sold EUR/USD for 1.2135 target, use bounce to 1.2250 to sell pair for retest of 1.2225, break there confirms 1.2135 target. Stops set 1.2283, just below 1.2295 entry.

Also, sold cable 1.7889 for 1.7775 target. Break of 1.7840 confirms. See previous post for details.

nyc jk 13:38 GMT October 13, 2004 Reply   
EUR/AUD 1m correlation with oil very high , -0.94.......longer timeframes weaker though...

nyc jk 13:33 GMT October 13, 2004 Reply   
"colonist" that is..

nyc jk 13:32 GMT October 13, 2004 Reply   
fxq - well running through my translator, appears he is basically saying don't be fooled into buying AUD on the dip as this is the start of a larger downmove, at least against EUR. given his views on Oil , makes sense in that context and also his $/cad view consistent. incidentally, was looking at some correlation analysis myself this mrng, and probably best trade if you think lower oil is short CAD/JPY fwiw. as for the rest of it, bit lost myself haha.

Bahrain - collist = conlonist ; collines = colonies ??

)toronto( Dr Unken Kat 13:27 GMT October 13, 2004 Reply   
Tallinn viies 13:08
whats your target on daily ? 2100?

i think im gonna stick to it , the Daily macd have generated the euro sell

GOES B747 13:24 GMT October 13, 2004 Reply   
OIL: demand will not go down; but prices will go/crash well down...the world does not need lees T/shirts, shoes, cars etc. etc.

gt

GOES B747 13:21 GMT October 13, 2004 Reply   
alimin,

good that someone pay attention to other poeple's posts; was good for 200pips...!!!

if you asked about my sweety, I will answer:
USD/JPY: time to build short from here as the following;
110.15/20 25%
111.10/15 50%
111.70/75 25 %
will be great !!!

gt

quito_ecuador_valdez "mos-quito" 13:19 GMT October 13, 2004 Reply   
1. €/CHF chart is stable lineal descent. Business as usual.

2. USD/CHF chart has risen just now in (opposite) correspondence with the €/USD char'ts downmove.

3. £/USD chart is downmoving in right in accordance with €/USD chart.

This indicates the move has little to do with €, it is USD that is strengthening. This all looks highly artificial to me..big money is buying USD. It's appearing more and more that there's a planned and viscious long in store for XXX/USD pairs. I can't be taken in to believing breakout time is about here...I think it's too soon for that. But who said FX works on Valdez's schedule?

Sydney Alimin 13:16 GMT October 13, 2004 Reply   
B747: now you got your euro 1.2240 and i got my eur/gbp short profit...what's next on ur radar for yen pairs?
my aussie short ..censored...closed too early

GOES B747 13:15 GMT October 13, 2004 Reply   
Alimin,

:-)

btw, going short USD/CHF from here is good for 40-50pips within 24HRS

gt

Bahrain Within 10 Pips 13:13 GMT October 13, 2004 Reply   
nyc jk 12:32 GMT ///
Could U pls!!
I'll be a nice wall street comic if U don't

Sydney Alimin 13:11 GMT October 13, 2004 Reply   
B747: how do you like the eur/gbp short play? nice eh? :)

Bahrain Within 10 Pips 13:11 GMT October 13, 2004 Reply   
No Fun means..Make things Linear....OK fun for some time...No Linear no...Make then again...more no fun...untill miserable===then loss faith...then things wants to balance...
then we don't want them to...the same "s"...again and again...
the second balance = Bad experince in Finance...make a book about random walk

Tallinn viies 13:08 GMT October 13, 2004 Reply   
keep selling the euro on upticks :)
last week low cleared.
next target 1,2165/75.
imho of course

dc fxq 13:07 GMT October 13, 2004 Reply   
nyc jk 12:32 GMT

Any chance you could translate some of the "blind king's" babblings?

I do have a clue what he's trying to get across.

Bahrain Within 10 Pips 13:03 GMT October 13, 2004 Reply   
till them that things balance..."Not fun"

Bahrain Within 10 Pips 13:02 GMT October 13, 2004 Reply   
America is Free from the bias of collist..That's all!!
Drill in the minds of people...that thing are linear...that way is where they go...untill someone weaks them up...

NewYork frankie 13:01 GMT October 13, 2004 Reply   
gold down 5.20
oil down to 51.79

These guys are serious about liquidating their speculative positions. Don't stand in front of this runaway train. Buying euro ad Aussie dollars WILL hurt your pocket!

I have a trailing stop on my cable short from 1.7905 at 1.7880. I will close this position at 1.78 or by the end of the trading day, which ever comes first.

nyc jk 12:59 GMT October 13, 2004 Reply   
they have Kung fu dudes in Bahrain? lol.....sorry I don't think I understand your question in that last post?

Bahrain Within 10 Pips 12:57 GMT October 13, 2004 Reply   
I must say...Ghandi + Mendalla...should be asked these Q and A

GOES B747 12:56 GMT October 13, 2004 Reply   
long EUR @ 1.2230 /// 25% of position size that targets 1.2430 within 30 days.

gt

KL KL 12:55 GMT October 13, 2004 Reply   
cover gold short from 415....now bought gold 409.90..eurusd look really SICK....could see 1.2190 tonight...bought some at 1.2225......set my limit buy there with 10 pips sl...if seen too tired...need to sleep. Also limit buy 1.7745 for gbpusd...all look sick just like before NFP data release....now thinking also change

Bahrain Within 10 Pips 12:55 GMT October 13, 2004 Reply   
Many english collines..Just long Cable..(ie. India)
U know why NY?

Rye, NY et 12:54 GMT October 13, 2004 Reply   
Add: Long EUR/USD 1.2233

Bahrain Within 10 Pips 12:53 GMT October 13, 2004 Reply   
He says it to all...Nice man!!!
for only his preciption= his experince from the time he was born...

Bahrain Within 10 Pips 12:50 GMT October 13, 2004 Reply   
now the weather man...
thinks that maybe I should move my cursor westbound for yen....
"well"..."????"

Bahrain Within 10 Pips 12:45 GMT October 13, 2004 Reply   
these days...
is when you accumalte all the wealth for some good amount of time..
thinking you got the patern...
Well... U did!...for past experince only..
The patern will not continue...
Like blind kid that grew at the last days of summer going into winter...by the end of winter he thought he the best weather man

River Falls_USA_ PB 12:41 GMT October 13, 2004 Reply   
eur/usd bull channel hs been breached by by 40-50 pips. I am considering that a BREAK as the last bull move merely moved 75% towards the channel top and stalled. Similarily the usd/chf bear channel is about to punch through the bull side as we speak. I mentioned last week that such a dynamic channel lasting 30+ days was quite a phenomena in itself. What do others think?

Bahrain Within 10 Pips 12:40 GMT October 13, 2004 Reply   
NY..
Maybe a blind Kung fu dude...
Lots of wisdom...
maybe some experince (Quick)...from math and models

Bahrain Within 10 Pips 12:37 GMT October 13, 2004 Reply   
nyc jk 12:32 GMT October 13, 2004
Bahrain, you are a one-eyed king among the blind here!

///
I like that!!!
Thanks You..:)

quito_ecuador_valdez "mos-quito" 12:35 GMT October 13, 2004 Reply   
First, all those € long orders which will cash in at 1.2450-1.25xx are bogging the chart down by the way. When the whole world makes a move, the whole world therefore has to wait for it to mature. Secondly, I suspect another part of this chart downmove is "stop taking" to eliminate some bets to give the road up less riders/weight, more traction. Thirdly, the mother support line intersecting with present 1.2215 hasn't been reached since 8-30-04..it's about due to test it again. Fourth, another part of this downmove is to prepare a nice juicy long Friday or next week. Huh? I'm from the somewhat popular school of thought that FX is heavily maniuplated by the mega mkt makers, we gather the crumbs.

nyc jk 12:32 GMT October 13, 2004 Reply   
Bahrain, you are a one-eyed king among the blind here!

Global-View TRL Offer 12:28 GMT October 13, 2004 Reply   

For those who did not receive an email, TRL has waived its trial fee and is offering a special no cost trial. To request a trial, send us an EMAIL

This was the TRL opening Asian call for today:

*EURO/USD DAILY VIEW* OCT.13th, 1.2325
Euro undergoing larger corrective decline & resistance now around the mid 1.2300's,

** ** RESISTANCES ** ***
Resistance /2330/2345/2360/ for sell-off toward 1.2250,enroute 1.2150

*** ** SUPPORTS ** ***
Support /2305/2290/2250/

Melbourne Qindex 12:27 GMT October 13, 2004 Reply   
EUR/USD : Use my weekly cycle analysis for reference if the market is trading below 1.2232.

Melbourne Qindex 01:10 GMT October 12, 2004
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* // ...

Bahrain Within 10 Pips 12:27 GMT October 13, 2004 Reply   
There is no trend...only balance

gold coast martin 12:26 GMT October 13, 2004 Reply   
Bahrain Within 10 Pips 12:15 GMT October 13, 2004
As funds exit their long positions whether in black or red, in forex and commodities the blind man will keep searching for a trend to be his friend....g/t

Melbourne Qindex 12:21 GMT October 13, 2004 Reply   
Melbourne Qindex 12:21 GMT October 13, 2004
EUR/GBP : The critical point of my daily cycle is located at 0.6882. The lower barrier is positioning at 0.6851 // 0.6861 and the upper barrier is positioning at 0.6923 // 0.6933.


... 0.6851 // 0.6861 - 0.6872 - 0.6882* - 0.6892 - 0.6902 - 0.6913 - 0.6923 // 0.6933 ...


Congested barriers of my 44-day cycle are located at 0.6843, 0.6858 and 0.6863.

quito_ecuador_valdez "mos-quito" 12:18 GMT October 13, 2004 Reply   
within10 pips// not sure what you meant amigo last post...sorry.

Beginners: To avoid confusion, my position trading tactics have little to do with day trading tactics and I don't advise for day traders to try to use them in day trading.

My tactics are such: Automatically I place 1/4-1/3 of total move capital commitment (when I close a position) to the counter move. As the move matures and looks more promising, place another 1/4-1/3. I'm not talking about total account capital, I'm talking about the total I allocated for any one particular chart move. Then finally when I'm convinced the move is going my way and rapidly, I place the rest of the capital I've allocated for the move. I am very strict on this tactic, U could call it loss management if U like. When I post my trades I only post the first position I make as it represents the reasoning for the whole move, rather than to clutter the forum with all my positons. I feel the reasoning is 1000X more valuable to critique and take apart than just posting the possie itself.

Auckland 12:16 GMT October 13, 2004 Reply   
LA FXnew I'm going to sleep. Please do me favour and folow up "cabel" and if you forgot my recomendation - 1.7930/5-1.7850 trading range. Seems to go further towards 1.7800 (might be too much for today)..........
Have good trade

Bahrain Within 10 Pips 12:15 GMT October 13, 2004 Reply   
"Trend is your friend"...Just what is the trend...said the blind man

Bahrain Within 10 Pips 12:13 GMT October 13, 2004 Reply   
PT aussie here is like...there will be won't a single drop in temp...
"Linear Minds"

Bahrain Within 10 Pips 12:10 GMT October 13, 2004 Reply   
day trade euro when reaches 1.2020

Bahrain Within 10 Pips 12:09 GMT October 13, 2004 Reply   
Longing aussie...is like a blind man saying it might cool more...at the peak of winter

Bahrain Within 10 Pips 12:06 GMT October 13, 2004 Reply   
quito_ecuador_valdez //
News...they make them as they watch the charts

quito_ecuador_valdez "mos-quito" 12:05 GMT October 13, 2004 Reply   
Praga// Yes, still have my €/$ long at 1.2320, tgt still 1.25 but will very likely buy more €s as I said Thurs. (right or wrong). In position trading I seldom exit on a loss (did 1 time this year), keep my tgt valid, prefer to wait it out, entering other possies in the meantime. This obviously does not pertain to day trading tactics.

Just to prepare us for Thurs & Fri US news, here's what I gathered: comments on below appreciated.

Thurs:
USD Import Price Index (MoM) (SEP) 12:30 es=0.4% pr=1.7%
USD Import Price Index (YoY) (SEP) 12:30 pr=7.2%
USD Intl.Jobless Claims (OCT 9) 12:30 es=340K pr=335K
USD Continuing Claims (OCT 2) 12:30 es=2,868K pr=2,864K
Fri:
USD Prod.Price Indx (MoM SEP) 12:30 es=0.1% pr=-0.1%
USD Prod.Price Indx (YoY SEP) 12:30 es=3.3% pr=3.4%
USD PPI Ex Food & Energy (MoM SEP) 12:30 es=0.2% pr=-0.1%
USD PPI Ex Food & Energy (YoY SEP) 12:30 es=1.8% pr=1.5%
USD Advance Retail Sales(SEP) 12:30 es=0.7% pr=-0.3%
USD Retail Sales Less Autos(SEP) 12:30 es=0.3% pr=0.2%
USD Empire Manufacturing(OCT) 12:30 es=25.00 pr=28.34
USD Fed Kohn Speak: on ECB Mon. Panel in Germany 12:30
USD Industrial Production (SEP) 13:15 es=0.4% pr=0.1%
USD Capacity Utilization (SEP) 13:15 es=77.5% pr=77.3%
USD U. of Michigan Confidence (OCT P) 13:50 es=94.5 pr=94.2
USD Business Inventories (AUG) 14:00 es=0.7% pr=0.9%
USD Fed. Greenspan Speaks on Oil in Washington 16:00

Bahrain Within 10 Pips 12:04 GMT October 13, 2004 Reply   
The ones that will long auusie for next month...will not be comfertable...
yes...profits here and these...but
same as saying that winter is on the way for the south poll

Bahrain Within 10 Pips 11:59 GMT October 13, 2004 Reply   
I told u guys so...
Never under esimate the bigger waves

praga jan 11:58 GMT October 13, 2004 Reply   
valdez-you still keep the long eur/usd at 1.2320?

quito_ecuador_valdez "mos-quito" 11:56 GMT October 13, 2004 Reply   
13-Oct. Wednesday Times:GMT es=estimate pr=previous
NO USA ECON NEWS TODAY

WHAT HAPPENED SO FAR TODAY:


JPY Tokyo Condominium Sales(YoY SEP) 4:00 pr= -11.2%
JPY Ind.Prod.(MoM AUG F) 4:30 es=0.3% pr=0.3%
JPY Ind.Prod.(YoY AUG F) 4:30 pr=9.9%
JPY Capacity Util'n(AUG F) 4:30 pr=102.2
EUR EZ New Car Reg. (YoY SEP) 6:00 pr=-0.9%
EUR W. European New Car Reg.(YoY SEP) 6:00 pr=-0.8%
EUR Fr.Cons'mr PriceIdx (MoM SEP P) 6:45 es=0.2% pr=0.3%
EUR Fr.CPI (YoY SEP P) 6:45 es=2.2% pr=2.4%
EUR Fr.CPI-EU Harmonized(MoM SEP P) 6:45 es=0.2% pr=0.2%
EUR Fr.CPI-EU Harmonized(YoY SEP P) 6:45 es=2.2% pr=2.4%
EUR Ital.Production sa (MoM AUG) 7:30 es=0.1% pr=0.4%
EUR Ital. Production wda (YoY AUG) 7:30 es=-0.9% pr=-1.2%
EUR Ind. Production nsa (YoY AUG) 7:30 es=7.2% pr=-3.7%
GBP Unemp. Rate (SEP) 8:30 es=2.7% pr=2.7%
GBP Unemp. Change (000) (SEP) 8:30 es=-5.0k pr=-6.1k
GBP Avg Erngs inc bonus 3M/YoY 8:30 es=3.8% pr=3.8%
GBP Avg Erngs excl bonus 3M/YoY 8:30 es=4.2% pr=4.2%
GBP ILO Unemp.Rate (3mnths) (AUG) 8:30 es=4.7% pr=4.7%
GBP Manu.Unit Wage Cost (3Ms/YoY) (AUG) 8:30 pr=-0.8%

REST OF DAY:


GBP Leading Indicator Indx (MoM) (AUG) 14:30 pr=-0.1%
GBP Coincident Indicator Indx (MoM) (AUG) 14:30 pr=0.1%
NZD Retail Sales (MoM) (AUG) 21:45 es=-0.4% pr=1.2%
CAD BoC Governor Dodge speaks 23:30
JPY Domestic CGPI (MoM) (SEP) 23:50 es=0.1% pr=0.1%
JPY Domestic CGPI (YoY) (SEP) 23:50 es=1.8% pr=1.7%
JPY Export Price Index (MoM) (SEP) 23:50 pr=0.9%
JPY Export Price Index (YoY) (SEP) 23:50 pr=-1.1%
JPY Import Price Index (MoM) (SEP) 23:50 pr=1.0%
JPY Import Price Index (YoY) (SEP) 23:50 pr=5.1%

quito_ecuador_valdez "mos-quito" 11:50 GMT October 13, 2004 Reply   
london iain// good post!

Regarding €/$. As I said yesterday I knew my close of short, i.e. the chart's down move at 1.2315 was premature when I closed my short...so be it. I had to leave and grabbed the 80 pips I had. 20-20 hindsight, eh?

€/$ wants to head down more. Yesterday OMIL brought up a good point (forget who it was..very sorry) that the "mother of all support lines" drawn from a couple years ago intersects the present time at around 1.2215. The 30 day support line intersects the present at around 1.2315 (my yesterday's target-closed). So...someone else (forget who now) advised yesterday to split the difference and long from there..that's 1.2265. I think we'll visit 1.2265 in minutes as the chart's falling fast..maybe more toward but not necessarily AT overall long term "mother of all lines" (drawn from 2 years ago) resistance at 1.2215 (??). Longing in my estimation should hold off until actual consolidation sets in (but we thought yesterday was then!). Support will present itself at US data release time tomorrow and Fri. I'll buy hopefully cheaper still Euros Thursday in anticipation of Friday's upmove of the chart.

Bahrain Within 10 Pips 11:48 GMT October 13, 2004 Reply   
putting stop on eur/aus
at 1.6830 with trail 30 pips
PT 1.7475

Ldn 11:41 GMT October 13, 2004 Reply   
Buying Aussie looking for a bounce

Bahrain Within 10 Pips 11:38 GMT October 13, 2004 Reply   
1300 points today
No "s"

london iain 11:32 GMT October 13, 2004 Reply   
For those that haven't seen.

BIS (Bank for International Settlements) Triennial Central Bank Survey for FX

1. Average Daily turnover 1.9 trillion USD, up 57% in USD terms. This has more than reversed the fall in turnover that was seen between 1998 and 2001 with the introduction of the EUR.
2. The USD was involved in 89% of all transactions, hence US data being the main market mover. EUR (37%), JPY (20%), GBP (17%).
3. EUR/USD was the most traded currency pair (28% of transactions). GBP/USD accounted for 14% of transactions.
London remains FX capital of the world with 31% of turnover followed by US with 19%, Japan with 8%.

hong kong nt 11:25 GMT October 13, 2004 Reply   
just wonder how big is eur/aud market?

hk mom 09:00 GMT October 13, 2004
Forget the myth euro will follow the aud. euro will be supported by eur/aud cross anyway.

Athens 11:21 GMT October 13, 2004 Reply   
J.B. no problem at all in asking. That pair surely is medium term O/S and so is GBP/CAD albeit perhaps a bit less sol. Best of luck with your position.

U.K. J.B. 11:13 GMT October 13, 2004 Reply   
athens:

OK i hope you didn't mind me asking i just wanted to know how the general investment/technical world were viewing funds. I have built up a rather long position with a 1.25 handle i see a significant move higher as i feel this ccy pair very oversold. I will be patient as we are still in a trading range but see 1.28/1.30

I hope i can copy & paste this comment in a few weeks time

All the best

Athens 11:13 GMT October 13, 2004 Reply   
EUR/$-- As I said yesterday a close above 1.2325 would be constructive byt the pair finished just about at that level and didn't clear the short term picture much. Today for a close to be encouraging I would have to see it finishing above 1.2345. Whateber the case, my bias rremains mildly positive, support 1.2280 and critical 1.2245.

Auckland 11:09 GMT October 13, 2004 Reply   
Prague your web suggestion is cool

Athens 11:07 GMT October 13, 2004 Reply   
U.K. J.B., I trade only own accounts. BTW, I can't see $/CAD above 1.2710 today (if it can get up there).

U.K. J.B. 10:57 GMT October 13, 2004 Reply   
athens :

Do you actually trade ?? Run a Fund or are you purely a technician as i see you offer a service re your technicals calls if i am correct

prague jv 10:47 GMT October 13, 2004 Reply   
something for EUR bulls

http://www.dognet.cz/ptacek/

Athens 10:44 GMT October 13, 2004 Reply   
Re $/CAD from an earlier comment here when it was trading 1.2500:

Athens 15:15 GMT October 8, 2004
Popping in briefly for a fast comment on $/CAD. Without implying that a low is already in place, my tech suggest that this is not the time to start opening medium term short positions on this pair. My last model break was marked on Augyst 19 at 1.3010, so the time elapsed and the distance covered plus my time parameter value indicate that the downtrend is approaching an end or, at least, it should see much more doiwnmove not extend much longer in time. All these only according to my tech and not meant as an intraday trading suggestion

Melbourne Qindex 10:43 GMT October 13, 2004 Reply   
USD/CAD : Current Comment.  Register with [email protected] if you have no access to my page.

Melbourne Qindex 10:38 GMT October 13, 2004 Reply   
Melbourne Qindex 10:37 GMT October 13, 2004
AUD/JPY : Anything trading below 79.92 is not a good sign.


... // 78.15* - 78.59 - 79.03 - 79.48 - 79.92* // ...

Melbourne Qindex 10:30 GMT October 13, 2004 Reply   
AUD/USD : Current Comment.  Register with [email protected] if you have no access to my page.

SanFrancisco tg 10:29 GMT October 13, 2004 Reply   
we have been basically hovering near this area from our weekly projection prepared Sunday eve ... "..."The only other level we will be watching for reaction is 1.2310 (+/-) where either a bounce or accelleration to the downside could develop."

Conviction to break the figure (2300) sure is light so far. Getting the feeling if it is to fall it wont be for a few hours/if at all today.

NewYork frankie 10:23 GMT October 13, 2004 Reply   
BTW, it seems that cable is now in a new 4hr downward channel with the upper band at 1.7930 and the lower limit at 1.78. Therefore, I am placing my stop at 1.7940

NewYork frankie 10:14 GMT October 13, 2004 Reply   
thank heavens for stops on my aussie atv7285 lost 30 pips.
I am shorting cable now for 30 pips at 1.7905 might let it run with trailing stop if NY boys are buying $$$$$$$ today

Plovdiv Gotin 10:09 GMT October 13, 2004 Reply   
Alphonse/ If you are around, your opinion about $/SF pls?TIA.

Dallas MD 10:08 GMT October 13, 2004 Reply   
Shorting Cable @ 1.7905 20 Pip, Open Tgt, 25 pip stop loss. Mauricio

Gen dk 09:54 GMT October 13, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

U.K. J.B. 09:54 GMT October 13, 2004 Reply   
U.K. J.B. 04:13 GMT October 8, 2004

I totally agree- Unfortunately we have the oil situation causing a distortion and a generally soft dollar but if we can hold those levels you metioned i am totally in your camp. I see a higher funds. We also have NFP of course but looking to buy funds with a 1.25 handle. I personally dont see funds lower.

STILL APPLIES TAR 1.28 + GL

Bahrain Within 10 Pips 09:50 GMT October 13, 2004 Reply   
Guys you can till Jay wakes up...
Might have some 2-3 hours...

Melbourne Qindex 09:50 GMT October 13, 2004 Reply   
GBP/JPY : Current Comment.  Register with [email protected] if you have no access to my page.

lisbon ss 09:48 GMT October 13, 2004 Reply   
I am sorry 10 pips...
Can watch it too
Otherwise I will P OFF!!

Bahrain within 10 pips 09:48 GMT October 13, 2004 Reply   
I use 1-hour chart

GOES B747 09:46 GMT October 13, 2004 Reply   
Bahrain Within 10 Pips

good morning to you,

as the current trading conditions are very difficult to day traders; I would like to ask you which charts/timeframes you use currently?

for example; EUR/JPY: all short term charts (upto 3-4 months) calling for a BUY but longer term (6 months and longer) are a sell; which chart you take for this pair?

tia & gt

Bahrain Within 10 Pips 09:46 GMT October 13, 2004 Reply   
No Can Do!!
Jay...too much angry!!
Now come and go...see movie...nice film.."American"...
Face off...
Bye Bye

gold coast martin 09:43 GMT October 13, 2004 Reply   
HEY!!...www,turky brains.com does not work!!!!..for a kosher pork felafel maybe try www.haifa-ac.com....

Bahrain Within 10 Pips 09:37 GMT October 13, 2004 Reply   
I Love this!!!

lisbon ss 09:36 GMT October 13, 2004 Reply   
am lisbon ss
it is little confused everybody can take your nickname and post comments.This may be my last participation in this jungle forum.If only it is organized by limiting and restricting nickname to every email.Do you agree me all??

Bahrain Within 10 Pips 09:36 GMT October 13, 2004 Reply   
for info...
kebab=Turkish
try
www.TurkyBrains.com

Norwich MC 09:36 GMT October 13, 2004 Reply   
morning all, any idea where gbp/usd will go today pls?

Indonesia-Solo Raden Mas 09:35 GMT October 13, 2004 Reply   
please move your TP of usd/cad not at 2610 but 2595 and 2565..

lisbon ss 09:31 GMT October 13, 2004 Reply   
please, where could I find service provide SMS sending to mobile phone for cost and free delivery for kebab quote.

Bahrain Within 10 Pips 09:31 GMT October 13, 2004 Reply   
"1.7923 Buy !! "
So am I

Dallas MD 09:30 GMT October 13, 2004 Reply   
Good Day Traders! The best of luck to all. Mauricio

Bahrain Within 10 pips 09:27 GMT October 13, 2004 Reply   
a sorry bahrain am just testing this!

Bahrain Within 10 Pips 09:27 GMT October 13, 2004 Reply   
another comment to admin...
Don't take on us here in forum.

lisbon ss 09:24 GMT October 13, 2004 Reply   
IF only each one has sign up with only limited name this forum will do better!!!
this letter for the administrator of this forum

Bahrain Within 10 Pips 09:23 GMT October 13, 2004 Reply   
Within 10 Pips =/ With 10 Pips

Bahrain Within 10 Pips 09:20 GMT October 13, 2004 Reply   
but I wonder what the impact will be on the dollar internationally///
Re:Balance

Bahrain with 10 pips 09:18 GMT October 13, 2004 Reply   
that is right someones use other nickname who r reputable!
the administrator plz deal with this problem

am LISBON SS
NOT BAHRAIN 10 PIPS

clonakilty glenn 09:16 GMT October 13, 2004 Reply   
GEP - interesting point...I just wonder how much artificial support the dollar has already had from the rest of the world needing to buy more dollars to settle payments for OIL at these prices. A falling oil price is undoubtedly good news for the US domestic economy, but I wonder what the impact will be on the dollar internationally if and when oil falls much further, say back to the low $40s... do you see the consequent fall in demand for dollars as having any real effect in counterbalancing the new dollar bullishness you're expecting?

Bahrain Within 10 Pips 09:10 GMT October 13, 2004 Reply   
MOm...how do u that euro won't stop and aussie...won't crash?

Bahrain Within 10 Pips 09:08 GMT October 13, 2004 Reply   
Wed-10/13/04 02:40 PM 1.8015 1.7899
probably ny afternoon session is the lowest point

Bahrain Within 10 Pips 09:01 GMT October 13, 2004 Reply   
Wed-10/13/04 04:30 PM 1.7967 1.7930
NY time Date
+
Wed-Oct-13 08:16 AM 1.7907 1.7885

I have this....hange in there for till after NY session...will be ok
a stop above 1.7885 is Dangerous

hk mom 09:00 GMT October 13, 2004 Reply   
Forget the myth euro will follow the aud. euro will be supported by eur/aud cross anyway.

GOES B747 08:58 GMT October 13, 2004 Reply   
Good morning Qindex,

my comment about posting within your forum is due to a worry that may someone will use your location/ID to post; it happenned few times in the past and I beleive that the reasons are clear as such posts may harm your name and the pockets of your subscraibers.

many thanks for your understanding and cooperation.

gt

Dallas GEP 08:50 GMT October 13, 2004 Reply   
Almost ALL of my international friends are very anti-BUSH and some thought has crossed my mind that the higher OIL prices have maybe in small part artificially come to pass to exert pressure here on Bush's economic domestic agenda (if he really has one). Oil prices IMO may very well subside dramatically after the US election no matter who the winner might be. BTW....my opinion is Bush will win but by the slimest of margins. So basically I see MORE USD bulls coming in our FX world here after the election.

Bahrain Within 10 Pips 08:49 GMT October 13, 2004 Reply   
+ eur/gbp is a major sell
so i think u have nothing to worry about

lisbon ss 08:49 GMT October 13, 2004 Reply   
bahrain
1.7923 Buy !! for short term profit but I think it will go down?

Bahrain Within 10 Pips 08:46 GMT October 13, 2004 Reply   
Lisbon/
I do have a target for entry at 1.8250
I think we'll see it there

Indonesia-Solo Raden Mas 08:46 GMT October 13, 2004 Reply   
to al usd/cad players here.
be carefull with usd/cad now. maybe sellers come to push chart until 1.2610..

Helsinki iw 08:45 GMT October 13, 2004 Reply   
Oops got censored there. The big swiss bank with the small name.

Melbourne Qindex 08:44 GMT October 13, 2004 Reply   
Melbourne Qindex 00:51 GMT October 11, 2004
USD/CAD (Weekly Cycle) : The critical point of my weekly cycle is located at 1.2436. The key quantized level of my weekly cycle is positioning at 1.2618. The pattern of my weekly cycle frequency chart indicates that 1.2497, 1.2558 and 1.2618 have the same frequency numbers. This would indicate that the market has a potential to move back and forth easily between these levels. The super magnet at 1.2618 will exert its effect on the market initially and this would be the primary target when the market is trading above 1.2497. ......................................................

Bahrain Within 10 Pips 08:44 GMT October 13, 2004 Reply   
lisbon ss ///
If worried...
what is your entry avg?

Helsinki iw 08:44 GMT October 13, 2004 Reply   
lisbon, if you are a client of censored you´ll get one. Probably some others as well, talk to your service provider.

lisbon ss 08:42 GMT October 13, 2004 Reply   
CABLE ???
where could I find service provide SMS sending to mobile phone foex quote.

Indonesia-Solo Raden Mas 08:40 GMT October 13, 2004 Reply   
hello.. aud/usd have done target at 0.7250 today as low target yesterday. but I think that level is subtituted by 0.7265. I was wrong for it. :-(

be carefull maybe buyers act there.!!

Ldn 08:39 GMT October 13, 2004 Reply   
Aussie leading the way for the Euro to follow lower

Bahrain Within 10 Pips 08:36 GMT October 13, 2004 Reply   
lisbon ss 08:31 GMT October 13, 2004 //
Did I say it wasn't?
I never mentioned that

SanFrancisco tg 08:31 GMT October 13, 2004 Reply   
I believe temporary probabilities are better for a Euro short coming up for those looking for small amount of pips.

lisbon ss 08:31 GMT October 13, 2004 Reply   
Bahrain Within 10 Pips
I think CABLE WILL RISE??am I right?

Bahrain Within 10 Pips 08:30 GMT October 13, 2004 Reply   
Try the right side--
analysis and news---Forex TV

lisbon ss 08:28 GMT October 13, 2004 Reply   
Bahrain Within 10 Pips
why I want to trade cable immediately after data release..few coming minutes..
By the way where could I find live broadcast of these data?

Cape Town 08:26 GMT October 13, 2004 Reply   
Aud almost met my target of 0.74 (missed by a few pips) as per my previous posts. 5th wave was virtually equal to the 1st wave in size and 50% retracement met too. Could have started a rapid fall-off now with a 0.62ish target.

Bahrain Within 10 Pips 08:26 GMT October 13, 2004 Reply   
Now...the cursors are going east bound for cad

San Diego DC 08:25 GMT October 13, 2004 Reply   
Philadelphia Cab,
Sorry, your direction was right on CAD.

Bahrain Within 10 Pips 08:24 GMT October 13, 2004 Reply   
cable wait for 1.8020 at least to enter if day trade

Bahrain Within 10 Pips 08:22 GMT October 13, 2004 Reply   
Sydney 08:20 GMT October 13, 2004 //
Hold entry till 407..it will bother u if now entered

Bahrain Within 10 Pips 08:21 GMT October 13, 2004 Reply   
if have any guts left..pt euro at 1.20

Sydney 08:20 GMT October 13, 2004 Reply   
Gold now 412.75

PAR 08:18 GMT October 13, 2004 Reply   
BOE trying to keep GBP high by hinting at raising interest rates which will only worsen trade deficit and ultimately undermine confidence in currency like seen under Major.

Bahrain Within 10 Pips 08:17 GMT October 13, 2004 Reply   
covering aussie 0.6670...
Yeee hhhhhhhhhaaaaaaa

Mission Viejo Fxtrader4u 08:16 GMT October 13, 2004 Reply   
Cable and swiss failed to close through key 1.7924 and 1.2534 which now suggest range trading likely. 30 minute and 1 hour charts favor USD weakness, 2 hour is trying to make a divergence to favor USD weakness, 4 hour favors USD gains. The Euro daily is testing key pivot point at 1.2316. A close below this level today will favor 1.2230

Haifa ac 08:14 GMT October 13, 2004 Reply   
LOL. We run up 550 points straight up and correct 130 and it is Bye bye AUD? Nu.

Tallinn viies 08:13 GMT October 13, 2004 Reply   
good morning world
euro sitting in the range again.,
sold it just few minutes ago at 1,2330.
target within next 48 hours at 1,2240/50.
stop at 1,2404. fwqiw
good luck

chicago joe 08:11 GMT October 13, 2004 Reply   
bye bye aud.

London 08:11 GMT October 13, 2004 Reply   
ABN AMRO's SPI shows an increase in spec Euro longs over the last session and is now around 72% of the 12-mo max long position. This suggests downside vulnerability on any push towards Tue's low around 1.2285

Melbourne Qindex 08:11 GMT October 13, 2004 Reply   
GBP/USD : Current Comment.  Register with [email protected] if you have no access to my page.


Bahrain Within 10 Pips 08:07 GMT October 13, 2004 Reply   
407 421...very short term for gold is ok

Bahrain Within 10 Pips 08:02 GMT October 13, 2004 Reply   
ftse 4800 to 4560 ok range to trade

Ldn 08:00 GMT October 13, 2004 Reply   
John Kerry pulls slightly ahead in the final three weeks of the U.S. election campaign, it's the euro's performance against the yen rather than the dollar that could attract the market's attention."The dollar tends to strengthen when opinion polls suggest improved election chances for Kerry," said Hans Redeker, global head of foreign exchange strategy at BNP Paribas in London.AP

Mission Viejo Fxtrader4u 07:59 GMT October 13, 2004 Reply   
Currently GBP/USD and USD/CHF are testing key levels @ 1.7924 and 1.2534 respectively. A break of these levels at 8:00GMT will favor continued USD weakness against the cable and swiss, with cable target of 1.7992 and swiss target of 1.2466.

Bahrain Within 10 Pips 07:54 GMT October 13, 2004 Reply   
Gold might establish support at 412 -1 -1

london iain 07:51 GMT October 13, 2004 Reply   
following from yesterday. channel support on eurusd @ 1.2285 held nicely. moving stop to cost (1.2290) as support is higher today and holding for 1.3000+ come Q1 2005. I have huge doubts over whether the line will hold, but if a 5th wave is about to emerge we could go straight higher from here for months - i expect US data end of week could be the catalyst.

Bahrain Within 10 Pips 07:43 GMT October 13, 2004 Reply   
EURUSD Daily minutes Sell 1.2567 1.2017
USDJPY Daily minutes Buy 112.98 108.67
GBPUSD Daily minutes Sell 1.8118 1.7381
USDCHF Daily minutes Buy 1.2944 1.2359
EURCHF Daily minutes 1.5701 1.5402
AUDUSD Daily minutes Sell 0.7416 0.6865
USDCAD Daily minutes Buy 1.2877 1.2406
NZDUSD Daily minutes Sell 0.6919 0.6510
EURGBP Daily minutes Sell 0.7011 0.6827
EURJPY Daily minutes Sell 139.52 133.05
GBPJPY Daily minutes Buy 202.11 191.43
CHFJPY Daily minutes Sell 89.53 85.62
GBPCHF Daily minutes Buy 2.2862 2.2062
EURAUD Daily minutes Buy 1.7649 1.6772
EURCAD Daily minutes Buy 1.5795 1.5285
AUDCAD Daily minutes Sell 0.9300 0.8746
AUDJPY Daily minutes Sell 82.36 75.92

KL KL 07:36 GMT October 13, 2004 Reply   
out gbpusd short at 1.7919, +11 pips out eurusd 1.2332 -6 pips...reshort higher...all the stress for mere 5 pips...oh well fight again later

Sofia anmart 07:34 GMT October 13, 2004 Reply   
EUR/USD-1.2330. Entry buy at 1.2320 for 1.2385.

hk mom 07:29 GMT October 13, 2004 Reply   
eur/jpy in big operations?

KL KL 07:20 GMT October 13, 2004 Reply   
move sl gbpusd to 1.7925....never lose on a winning trade

Indonesia-Solo Raden Mas 07:18 GMT October 13, 2004 Reply   
finally gbp/usd have done at 1.7936.. :-)

KL KL 07:14 GMT October 13, 2004 Reply   
sold erurusd 1.2326 sl 10 above & gbpusd 1.7930 sl 20 above...short term momentum play!!

hk mom 07:13 GMT October 13, 2004 Reply   
vv has a 1.99 proposal on gbp.

LAX-LGB SNP 07:11 GMT October 13, 2004 Reply   
£/chf squeezing well on top of 2.2409 ... as long as 2.246x holds, sub-2.26 looks doable

0.7260 needs to hold for aud/$ to gain

£/usd testing 1.793x but 1.7981 needs to go to get under 1.8150

$/chf has taken off well past 1.2496 but if 1.26 holds, its time to buy €/$

PAR 07:09 GMT October 13, 2004 Reply   
If UK unemployment figures are as politically manipulated as UK inflation figures expect Uk unemployment to drop dramatically to a new all time low despite massive plant closures and outsourcing to India by financial and insurance companies. Uk economic figures just dont add up. Huge trade deficits, no inflation, high interest rates, no unemployment ????

london jt 06:49 GMT October 13, 2004 Reply   
most accurate US politial predictions..................http://hedgefundmgr.blogspot.com has an interesting political odds board with real money on the line....taking all polls into account...its moving tonight...check it out!

hk mom 06:46 GMT October 13, 2004 Reply   
Euro was so cheap yesterday, now we are heading 1.25.

Mission Viejo Fxtrader4u 06:40 GMT October 13, 2004 Reply   
CORRECTION IN PREVIOUS POST
Cable is essentially the same, however, a sustained break of 1.7840 will favor 1.7750. To the upside, (1.7924 )is key and a 30 minute close above this level will favor a retest of 1.7990.

chicago joe 06:01 GMT October 13, 2004 Reply   
seems like aud wants to short.

NY JC 05:29 GMT October 13, 2004 Reply   
Abyone know what time Dodge's speech is today?

London 05:25 GMT October 13, 2004 Reply   
As of Oct. 5, noncommercial investors held a net 44,811 euro-long futures contracts, according to data from the Chicago Mercantile Exchange. This is the highest net long position ever. However, Euro could fall as low as $1.2100 against the greenback, if oil prices ease $2 to $3 view from Japanese Bank trader.

Syd 05:16 GMT October 13, 2004 Reply   
LME copper, aluminum slide in Asian trading, tracking profit-taking on Shanghai Futures Exchange. "Copper and aluminum are sharply lower in Shanghai as traders liquidate long positions," trader says

Mission Viejo FXtrader4u 05:10 GMT October 13, 2004 Reply   
Euro short from 1.2416 stopped out for profit @ 1.2330 for
+86 pips.

Euro consolidation above 1.2300 suggest bids will reappear near this level, however 2 and 4 hour indicators still favor USD while 30 minute provdes little indication of trend and 1 hour has a weak euro bias.

Cable is essentially the same, however, a sustained break of 1.7840 will favor 1.7750. To the upside, 1.7824 is key and a 30 minute close above this level will favor a retest of 1.7990.

Ldn 05:07 GMT October 13, 2004 Reply   
CEOs ‘guardedly optimistic’ about economy

LINK

The Business Council, an informal grouping of 125 CEOs of America's biggest companies, published an embarrassing correction on Tuesday to a survey of its members' outlook on the US economy.



Ldn 05:07 GMT October 13, 2004 Reply   
CEOs ‘guardedly optimistic’ about economy

LINK

The Business Council, an informal grouping of 125 CEOs of America's biggest companies, published an embarrassing correction on Tuesday to a survey of its members' outlook on the US economy.



Sydney Ge11Ja 05:01 GMT October 13, 2004 Reply   
Juneau CAR 04:49 GMT October 13, 2004

thanks so it appears chinese selling again today, does this mean more aud selling, usd buying again? and maybe oil down to bring down eur/yen?

hk mom 04:57 GMT October 13, 2004 Reply   
bc

You told us that the euro trend should start after non-farm payrolls. Is it still true now? Thank you very much.

Rye, NY et 04:57 GMT October 13, 2004 Reply   
Juneau CAR 04:45 GMT October 13, 2004
Hey, how are you?
Easy summer here;getting back into the swing.
Nice posts from you today on commodities!
Glad your stocks are moving.
re: trades: I'm long Euros , looking for upside breakout, but only up to about 1.2650 or so. Then,imho, long upmove for the Dollar. I'm not in the CRB right now, but (basis, nearby weeklies) there could still be some upside before a major correction...fwiw.....Glad you're doing well...see you tomorrow...

Juneau CAR 04:49 GMT October 13, 2004 Reply   
Sydney: go here for copper information. $1.42

http://www.kitcometals.com/

Juneau CAR 04:45 GMT October 13, 2004 Reply   
Wisconsin, yes. The overlay will be 92%.

Hey Rye. How have you been doing?

Mining stocks have been hot. Just getting started I think. Valuations are in the 10/ths of true value as I far as I can decern. And I sort of doing figuring like that for a living-lol.

Two things seems intractable to me: larger deficits (lower dollar)and more demand for resources.

I believe those two variables seem solid. So that is the fundamental background I trade from. Guys, like Rubin, Peterson and Krugman agree.

China, and asia in general, will not be denied. It is a tidal wave of demand! 1.3 billion people is hard for the human mind to comprehend. They import 20 billion chicken feet a year from the US. That statistic always tickled me. They need protein! Makes sense.

So commodites keep climbing and as it is a new paradigm supply shift cost, traditional charts won't reflect it.

i.e. future resources wil cost a lot more to get out and so will need to be much higher in price.

We have just used up 20 years of surplus from a long bear market.

Sydney Ge11Ja 04:43 GMT October 13, 2004 Reply   
Bahrain Within 10 Pips 04:36 GMT October 13, 2004

thanks very much

Bahrain Within 10 Pips 04:42 GMT October 13, 2004 Reply   
Tue-Oct-12 05:00 PM 112.98 108.67
Wed-Oct-13 05:00 PM 113.15 108.77
Thu-Oct-14 05:00 PM 113.30 108.84
Fri-Oct-15 05:00 PM 113.31 108.93
Sat-Oct-16 05:00 PM 113.37 108.87
Sun-Oct-17 05:00 PM 113.40 108.81
Mon-Oct-18 05:00 PM 113.47 108.76
Tue-Oct-19 05:00 PM 113.52 108.73
Wed-Oct-20 05:00 PM 113.61 108.69

Bahrain Within 10 Pips 04:39 GMT October 13, 2004 Reply   
Oil been doing nice diving these days

Bahrain Within 10 Pips 04:36 GMT October 13, 2004 Reply   
http://64.227.153.165/cfdcharts.htm
Copper

Indonesia-Solo Raden Mas 04:36 GMT October 13, 2004 Reply   
Eur/usd
Level Sell :
1.2456
1.2416
1.2447
1.2456
1.2472
Level buy :
1.2303
1.2288
1.2239
Aud/usd
Level sell :
0.7318
0.7333
0.7358
0.7389
0.7409
0.7447
Level buy :
0.7317
0.7300
0.7275
Usd/chf
Level Sell :
1.2616
1.2643
1.2745
1.2785
Level buy :
1.2555
1.2536
1.2456
Gbp/usd
Level Sell :
1.7936
1.7948
1.7988
1.8013
1.8030
1.8125
Level Buy :
1.7892
1.7886
gold
Level sell :
418.73
420.05
420.70
428.20
434.30
Level buy :
414.70
410.30
409.25
..

Ldn 04:35 GMT October 13, 2004 Reply   
The AUD/USD opened around 0.7305 in Asia after bottoming at
0.7268 in the London/NY session. The combination of broad USD strength and a correction in base metal prices weighed on the AUD/USD yesterday and further commodity price weakness could see the AUD/USD stage a deeper correction. The AUD/USD came under pressure early in the session on AUD/JPY selling from a number of Japanese accounts that took the AUD/JPY down to 79.75/80 Sentiment towards the AUD/USD has turned mildly bearish amid concern that
commodity prices are in the midst of correcting lower. Oil staged a key reversal ower yesterday and analysts note that the last two oil corrections lower on Jun 1 and August 20 coincided with the AUD/USD moving sharply lower. A break below last Friday's low of 0.7255 could see longs head for the exit signs.ifr

Sydney Ge11Ja 04:33 GMT October 13, 2004 Reply   
If anyone has access to base metals etc could they please post what is happening today with copper?

Zaporozhye, UA Nemo 04:26 GMT October 13, 2004 Reply   
Mos-quito Bonjour, sir! "Good econ US news - USD drops" - it's 7th feeling or something other? Market is live non-logic system. IMO & TIA

Ldn 04:20 GMT October 13, 2004 Reply   
todays option expiries
JPY 109.00(lge).
JPY 109.50, 65
JPY 110.00(lge).
EUR 1.2200

Los Angeles ss 04:09 GMT October 13, 2004 Reply   
Thanks, Raden

Indonesia-Solo Raden Mas 04:07 GMT October 13, 2004 Reply   
loss angeles :
usd/jpy
level buy :
108.99
108.45
level sell :
109.94
110.30
110.51
110.75
111.08
112.04
112.27
please act when meet these levels!!..

Sydney EM. 04:07 GMT October 13, 2004 Reply   
Australian Leading Employment Indicator Falls In Oct

Los Angeles ss 03:58 GMT October 13, 2004 Reply   
raden, how about the dollar/yen?

orlando jcr 03:56 GMT October 13, 2004 Reply   
Do you see USD/JPY testing lows again today or is it trending up for the rest of the session...???

Indonesia-Solo Raden Mas 03:54 GMT October 13, 2004 Reply   
be carefull with eur/usd now when at 2305.
seem like sleepy, but have potenttial wake up suddenly from now.. clear about 1.2346/58..

hk mom 03:49 GMT October 13, 2004 Reply   
Buy aud now, wear diamonds.

wisconsin tim 03:38 GMT October 13, 2004 Reply   
rye, thanks.
yeah oktoberfest was good fun as usual, getting too old to thoroughly enjoy like I used too but still a good time.

Indonesia-Solo Raden Mas 03:37 GMT October 13, 2004 Reply   
los angeles ss,
have a nice for your usd/cad..have get 2553 or little lower.LOL
have a nice to all usd/cad players too.. :-)

Rye, NY et 03:34 GMT October 13, 2004 Reply   
wisconsin tim 03:30 GMT October 13, 2004
Right! Gold is a traditional hedge against inflation and a "safe haven."
Hope your Oktoberfest was fun...

Los Angeles ss 03:34 GMT October 13, 2004 Reply   
thanks Raden.

Indonesia-Solo Raden Mas 03:32 GMT October 13, 2004 Reply   
Los Angeles ss 03:27 GMT October 13, 2004
please thinking about 135.58.
will up go there, after touch 135.58 maybe will go to 134.55 and then grow fast..

wisconsin tim 03:30 GMT October 13, 2004 Reply   
RYE, thanks for the chart.

That shows an inverse relation, at least recent dailys. So the corelation is gold up, dollar down and vice versa correct?

Los Angeles ss 03:27 GMT October 13, 2004 Reply   
Raden -- I meant euro/jpy!

Los Angeles ss 03:26 GMT October 13, 2004 Reply   
Good Morning Raden! Any thoughts yet on euro/dollar?

Indonesia-Solo Raden Mas 03:22 GMT October 13, 2004 Reply   
please focuse for aussie at 0.7360 and 0.7409.
will be met today there !!

quito_ecuador_valdez "mos-quito" 03:21 GMT October 13, 2004 Reply   
13-Oct. Wednesday Times:GMT es=estimate pr=previous

Today's worry sheet..NO US DATA TODAY...focus is on €, ¥, £ today.

JPY Tokyo Condominium Sales(YoY SEP) 4:00 pr= -11.2%
JPY Ind.Prod.(MoM AUG F) 4:30 es=0.3% pr=0.3%
JPY Ind.Prod.(YoY AUG F) 4:30 pr=9.9%
JPY Capacity Util'n(AUG F) 4:30 pr=102.2
EUR EZ New Car Reg. (YoY SEP) 6:00 pr=-0.9%
EUR W. European New Car Reg.(YoY SEP) 6:00 pr=-0.8%
EUR Fr.Cons'mr PriceIdx (MoM SEP P) 6:45 es=0.2% pr=0.3%
EUR Fr.CPI (YoY SEP P) 6:45 es=2.2% pr=2.4%
EUR Fr.CPI-EU Harmonized(MoM SEP P) 6:45 es=0.2% pr=0.2%
EUR Fr.CPI-EU Harmonized(YoY SEP P) 6:45 es=2.2% pr=2.4%
EUR Ital.Prod. sa (MoM AUG) 7:30 es=0.1% pr=0.4%
EUR Ital. Prod. wda (YoY AUG) 7:30 es=-0.9% pr=-1.2%
EUR Ind. Prod. nsa (YoY AUG) 7:30 es=7.2% pr=-3.7%
GBP Unemp. Rate (SEP) 8:30 es=2.7% pr=2.7%
GBP Unemp. Change (000) (SEP) 8:30 es=-5.0k pr=-6.1k
GBP Avg Erngs inc bonus 3M/YoY 8:30 es=3.8% pr=3.8%
GBP Avg Erngs excl bonus 3M/YoY 8:30 es=4.2% pr=4.2%
GBP ILO Unemp.Rate (3mnths) (AUG) 8:30 es=4.7% pr=4.7%
GBP Manu.Unit Wage Cost (3Ms/YoY) (AUG) 8:30 pr=-0.8%
GBP Leading Indicator Indx (MoM) (AUG) 14:30 pr=-0.1%
GBP Coincident Indicator Indx (MoM) (AUG) 14:30 pr=0.1%
NZD Retail Sales (MoM) (AUG) 21:45 es=-0.4% pr=1.2%
CAD BoC Governor Dodge speaks 23:30
JPY Domestic CGPI (MoM) (SEP) 23:50 es=0.1% pr=0.1%
JPY Domestic CGPI (YoY) (SEP) 23:50 es=1.8% pr=1.7%
JPY Export Price Index (MoM) (SEP) 23:50 pr=0.9%
JPY Export Price Index (YoY) (SEP) 23:50 pr=-1.1%
JPY Import Price Index (MoM) (SEP) 23:50 pr=1.0%
JPY Import Price Index (YoY) (SEP) 23:50 pr=5.1%

Indonesia-Solo Raden Mas 03:20 GMT October 13, 2004 Reply   
good morning to all !!

Rye, NY et 03:18 GMT October 13, 2004 Reply   
Hi, Tim...try this (it might work)
Juneau CAR...How are you...long time, no see...

Gold;UDX"

Ltn th 03:15 GMT October 13, 2004 Reply   
CAR// Interesting that some analysts suggest that gold hikes both on any fall and retrace in USDX????

toronto Dr Unken Kat 03:13 GMT October 13, 2004 Reply   
with Robert Rubin 4-5 pm NYT
Anyone got a link to transcript of the interview

quito_ecuador_valdez "mos-quito" 03:13 GMT October 13, 2004 Reply   
I think the €/$ chart will continue to consolidate today (Wed) as trading is thin because everyone's waiting for US data Thur & Fri. I've longed the pair @1.2320. ..not my most efficient trade lately but it'll work..to tgt 1.24-1.25. Should'a held a bit longer for 2nd bounce dip to gimme 1.2290..30 pips more low, but ran out of time, had an important meeting. Expect a blah consolidation period as is -so- common with this pair (30 day chart my preference) then an abrupt swift vertical rise. As to how long pair will consolidate, US news Thurs & Fri should break consolidation and hopefully return us to 1.24-1.25. If USA gets good econ news, USD drops. If USA gets lousey econ news, USD drops. Weird but true.

hk ab 03:11 GMT October 13, 2004 Reply   
Multiple images from Florida? sigh...

wisconsin tim 03:10 GMT October 13, 2004 Reply   
Juneau CAR,

little slow here, are you saying that if you overlayed a gold to usd chart it would correlate ~92%

Juneau CAR 03:04 GMT October 13, 2004 Reply   
Heere is the London Metal Exchange URL. Go look for yourself.

http://www.kitcometals.com/

America Bull 03:04 GMT October 13, 2004 Reply   
ab : we are fed up with you too. make like your "invisible hand" and just disappear.

Juneau CAR 02:59 GMT October 13, 2004 Reply   
London and Kl: when there is over a 90% correlation between the dollar and gold, with gold following, statistics tells us it is not acting on its own.

It always amazes me when I hear gold "gurus" pontificate on gold as though it is acting on its own. Gold has been perfectly correlated with the dollar (I think it is actually 92%?)and will continue to be so.

So you guys tell me. Is the dollar going to rise or fall?

London 02:52 GMT October 13, 2004 Reply   
Several traders/analysts now cautious on gold, silver following fund-induced correction Tuesday on firmer USD, pullback in oil price. "With physical buyers standing back, and the possibility of further fund liquidation if the U.S. dollar continues to strengthen or if there is a deeper correction in the oil price, gold could find itself back towards $405," Rothschild Australia, echoing others.

rts.

Los Angeles ss 02:38 GMT October 13, 2004 Reply   
Thanks, Tim.

Melbourne Qindex 02:38 GMT October 13, 2004 Reply   
Los Angeles ss 02:28 GMT - EUR/JPY : The movement of USD/JPY will give you the answer, I guess.


Melbourne Qindex 23:16 GMT October 12, 2004
USD/JPY : The critical point of my daily cycle is located at 109.72. ...............................................

My 44-day cycle charts suggest that the market is likely to trade between 109.31 - 109.57 - 109.71 initially in Asian session. Congested barriers of my 44-day cycle are located at 107.75, 108.53, 109.57 and 110.09.

.

wisconsin tim 02:37 GMT October 13, 2004 Reply   
Los Angeles ss,

no idea, kinda looks like sell on rallys to me by looking at the hourly. Daily kinda looks like a good buy area banking on support around the 50% retracement level of the 131.xx to 137.xx up move

Juneau CAR 02:35 GMT October 13, 2004 Reply   
Commodities: The price rise in commodites is not the result of some sort of esoteric cycle. It has been caused by the massive bying by asia. Good old fashion supply and demand.

Additionally, the base metals are now following the dollar as well. The pull back we saw today once again coincided with the dollars rise from 1.24 to 1.23 euro. Dollar affects commodities prices in the short term and asian demand affects metals in the long term.

Asia is just beginning the second industrial revolution. Remember asia is the equivilant of 30 Japans. And china, is all about massive building. Two weeks ago nickel rose $1 in about a week because experts realized China's money tightening was more myth than fact.

e.g. of reserves, copper reserves on the LME were 470,000 tons last Dec. They are now 90,000 tons. Zinc is over $.51, copper $1.48, nickel, $7.29, etc. Interestingly aluminum warehouse stats are really shrinking - they were over a million tons just a few months ago. Uranium, cobalt and tin are really in short supply (crises short) and are being rationed.

None of the metals that I know of are supposed to be in a supply surplus fro at least several years.

I think most experts believe a new paradigm in base metals has begun as all of the easy deposits have been mined. The remaining good deposits have toxic problems, access problems, legal problems, etc.

I believe we are in a secular bull market that will last for many more years with base metals prices continuing to rise. Silver is the most interesting as it is equally a base metal and a precious metal. It is hard to get a real fix on above ground supplies, but they are not very substantial with the most silver left above ground to be found in India where they wear it as a sort of insurance policy.

Los Angeles ss 02:28 GMT October 13, 2004 Reply   
Tim -- do you have any thoughts on eurjpy for the next few hours?

wisconsin tim 02:26 GMT October 13, 2004 Reply   
fxnew,

re:gbp/usd I could see it going either way. but sure looks like it's gonna form another small SHS

GBP/USD Chart

Melbourne Qindex 02:22 GMT October 13, 2004 Reply   
hk ab 02:21 GMT - Good morning!

hk ab 02:21 GMT October 13, 2004 Reply   
Good morning Martin.
Seldom come back recently, fed up by the American bull.
Top trades to you as well.

Dr. Q, you won all the respect.

LA Fxnew 02:20 GMT October 13, 2004 Reply   
Auckland:

you sure the cable's direction is down? after hitting 7930 ?
thats amazing :)

Juneau CAR 02:18 GMT October 13, 2004 Reply   
Yes Santo domingo that is the dollar strengthening-lol. I just mispoke. I always need to reverse my thinking. First regarding gold. It has and will continue to follow the dollar. Period! That is the reason I follow this thread. It is useless to talk about gold doing anything in a vacuum. If you guys think the dollar will rally then sell gold. if you think the dollar will fall, well---!

How can the dollar strengthen when the US trade deficits were 50 billion a month at $40 oil and now we have $50 oil? And you guys know better than i that both the trade deficit and the job numbers moved the dollar down.

And the twin deficits combined with the baby boomers coming on line in 4 years will keep pressure on the deficit. Not to mention the US economy seems to be weakening and there is no more ammo either form the fed or government.

Los Angeles ss 02:18 GMT October 13, 2004 Reply   
Thanks Ge11JA appreciate your comments

gold coast martin 02:17 GMT October 13, 2004 Reply   


hk ab 02:11 GMT October 13, 2004

say it very quietly ab and enjoy the rewards on the 31st of december...shshshshshsh!....g/t

hk ab 02:11 GMT October 13, 2004 Reply   
those invisible hands are back?
Repatriation is over and.... hahaha.

Sydney Ge11Ja 02:03 GMT October 13, 2004 Reply   
Los Angeles ss 01:48 GMT October 13, 2004

Chance of a retest of 135.25-30 but overall expect lower, think mkt not happy with euro, comfortable with yen given oil, commodities etc

KL KL 01:59 GMT October 13, 2004 Reply   
Ldn, in that case I sold my gold at 15 bought at 14. Small SAR here at 15...adding to 16 SL 17....

Los Angeles ss 01:48 GMT October 13, 2004 Reply   
Anyone with eurjpy thoughts at these levels?

KL KL 01:47 GMT October 13, 2004 Reply   
Juneau CAR, how many days do you think commodities will weaken and do you think this weakness is short term...like 5 days??

Auckland 01:39 GMT October 13, 2004 Reply   
LA FXnew check EUR/GBP daily chart...
Looks like cabel is going sideways to bearish....might go up 20/30 pips before corection (trading range 1.7930/5-1.7850)and EUR towards 1.2200

Ldn 01:28 GMT October 13, 2004 Reply   
Take profits in gold, censored says ,after USD strength or weakness, investment and speculation are main gold drivers that's lifted net long positions in gold to around April's all-time high of 22 million ounces. there is room to the downside in the near term due to this extended positioning Tips gold at $405 in 1 month, $410 in 3 months .NY broke uptrend line from early September $416.00 while daily momentum formed double top and 12-day MACD staged first bearish crossover since start of September this implies rally of recent weeks over and market will pull back further as short-term longs cleared out. If initial support at $413.06 breaks, gold will target 50% retracement at $409.62 or objective of break of former uptrend channel, $405.50
reuters.

Santo Domingo tht 01:28 GMT October 13, 2004 Reply   
A long way to go for AUD/USD comparing to the rally last year .65 to .80 Sept. to Jan.

Sydney Em 01:16 GMT October 13, 2004 Reply   
Ltn th the key words are corrective retracement this is what it is , its not the end of the rally but its come rather a long way very fast and the speculative market is prone to take fast profits .

Ltn th 01:10 GMT October 13, 2004 Reply   
Sydney EM. Might this commodity weakness be connected with chinese shift of intrest to equity in production away from the produce of minerals and energy companies?

ny amc 01:10 GMT October 13, 2004 Reply   
Odds are also building for a Yankee blowout!!! Last time I post to waste anyones time.

Sydney EM. 01:06 GMT October 13, 2004 Reply   
Odds are building for a substantial corrective retracement for AUD/USD to around 0.72 and lower, Signs of weakness across commodity markets, including lower oil and base metal prices, coupled with potential for break of important support at 0.7280 opens up potential for downside
ANZ report

Los Angeles ss 00:55 GMT October 13, 2004 Reply   
tht -- no, you got it. As dollar rallies, Euro falls.

Santo Domingo tht 00:52 GMT October 13, 2004 Reply   
I believe EUR/USD from 1.24 to 1.23 is a dollar rally, not a fall.
Am I missing something here?

Sydney Em 00:50 GMT October 13, 2004 Reply   
Macquarie Bank strategists are looking for a healthy correction in commodities

LA Fxnew 00:32 GMT October 13, 2004 Reply   
any view on cable pls
thanks

Juneau CAR 00:31 GMT October 13, 2004 Reply   
Sydney: Gold follows the dollar, not the other way around. I have been trading Canadian mining stocks for 25 years. Gold, silver and all base emtals fell because the dollar fell form 1.24 euros to 1.23.

The correlation between the dollar and gold is over 90%. I also follow the LME stocks and they are almost exhausted. There is such a scarcity in base metals that tin, cobalt, uranium and nickel are being rationed.

China's demand is so dramatic that they have started buying Mining companies knowing they cannot buy the metals they need without causing them to sky rocket. They are making a bid right now for Noranda. Canada's largest mining company.

I expect the US will try to hold the dollar between 1.22 and 1.25 until after the election when they will then let it fall to below 1.30 on the euro and 1.05 yen.

Just my humble opinion.

Melbourne Qindex 00:27 GMT October 13, 2004 Reply   
The following is still vaild :-

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

Philadelphia caba 00:24 GMT October 13, 2004 Reply   
San Diego DC 23:54 GMT October 12, 2004

Thanks, it seems very usefull in my 15 min charts.

Melbourne Qindex 00:22 GMT October 13, 2004 Reply   
EUR/JPY : Current Comment.  Register with [email protected] if you have no access to my page.

ny amc 00:21 GMT October 13, 2004 Reply   
LETS GO YANKEES

wisconsin tim 00:18 GMT October 13, 2004 Reply   
Projections for 10/13/2004
Date Currency Close R1 Close S1 R1 High S1 Low
10/12/2004 AUDUSD 0.7338 0.7260 0.7384 0.7239
10/12/2004 EURGBP 0.6898 0.6861 0.6915 0.6859
10/12/2004 EURUSD 1.2368 1.2272 1.2423 1.2248
10/12/2004 EURYEN 135.32 134.36 136.08 134.36
10/12/2004 GBPUSD 1.7973 1.7830 1.8015 1.7784
10/12/2004 GBPYEN 196.72 195.17 197.58 195.23
10/12/2004 NDZUSD 0.6823 0.6749 0.6862 0.6743
10/12/2004 USDCAD 1.2587 1.2485 1.2628 1.2474
10/12/2004 USDCHF 1.2616 1.2518 1.2649 1.2466
10/12/2004 USDYEN 109.87 109.05 110.43 109.04

hk mom 00:13 GMT October 13, 2004 Reply   
Why nobody become euro bullish now?
Sorro, are you still there?

Los Angeles ss 00:13 GMT October 13, 2004 Reply   
Anyone with thoughts on EUR/JPY for the Asian session, lows, highs, etc?

nyc disgusted 00:10 GMT October 13, 2004 Reply   
VloridA VV 22:08 GMT October 12, 2004

what is YOUR problrm vlorida vlad

why not vuck off you thin skinned twit

Melbourne Qindex 00:05 GMT October 13, 2004 Reply   
EUR/JPY : Current Comment.  Register with [email protected] if you have no access to my page.

Melbourne Qindex 00:02 GMT October 13, 2004 Reply   
GBP/JPY : 196 will fail to hold.

Melbourne Qindex 00:01 GMT October 13, 2004 Reply   
Melbourne Qindex 23:16 GMT October 12, 2004
USD/JPY : The critical point of my daily cycle is located at 109.72. .............................

My 44-day cycle charts suggest that the market is likely to trade between 109.31 - 109.57 - 109.71 initially in Asian session. Congested barriers of my 44-day cycle are located at 107.75, 108.53, 109.57 and 110.09.

 




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The forex forum is where traders come to discuss the forex market. It is one of the few places where forex traders of all levels of experience, from novice to professionals, interact on the same venue to discuss forex trading. There is also the GVI Forex, which is a private subscription service where professional and experienced currency traders meet in a private forex forum. it is like a virtual forex trading room. This is open to forex traders of all levels of experience to view but only experienced currency tradingprofessionals can post.

Currency Trading

Currency trading charts are updated daily using the forex trading ranges posted in the Global-View forex database. You will also find technical indicators on the fx trading charts, e.g. moving averages for currencies such as the EURUSD. This is another forex trading tool provided by Global-View.com.

Forex Brokers

The forex database can be used to access high, low, close daily forex ranges for key currency pairs, such as the EURUSD, USDJPY, USDCHF, GBPUSD, USDCAD, AUD, NZD and major crosses, including EURJPY, EURGBP, EURCHF, GBPJPY, GBPCHF and CHFJPY. Data for these currency trading pairs dating back to January 1, 1999 can be downloaded to an Excel spreadsheet.

Forex Trading

Forex chart points are in a currency trading table that includes; latest fx tradinghigh-low-close range, Bollinger Bands, Fibonacci retracement levels, daily forex pivot points support and resistance levels, average daily forex range, MACD for the different currency trading pairs. You can look on the forex forum for updates when one of the fx trading tools is updated.

FX Trading

Global-View also offers a full fx trading chart gallery that includes fx pairs, such as the EURUSD, commodities, stocks and bonds. In a fx trading world where markets are integrated, the chart gallery is a valuable trading tool. Look for updates on the Forex Forum when the chart gallery is updated.

Forex Blog

Global-View.com also offers a forex blog, where articles of interest for currency trading are posted throughout the day. The forex blog articles come from outside sources, including forex brokers research as well as from the professionals at Global-View.com. This forex blog includes the Daily Forex View, Market Chatter and technical forex blog updates. In additional to its real time forex forum, there are also Member Forums available for more in depth forex trading discussions.

 

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