User Name: Password:      Register - Lost password?

2003  2004  2005  2006  2007  2008  2009  2010  2011  2012  2013  2014  2015  2016  2017  2018  2019  
January  February  March  April  May  June  July  August  September  October  November  December  
01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31

Forex Forum Archive for 10/22/2004

Pick a date from the header above to view forum postings for that day.
Click here to join the Live Forex Forum.


Sapporo "Koishi" 23:54 GMT October 22, 2004 Reply   
Since it's so quiet, I thought I may as well introduce myself, "Hi" I'm new to this forum, I live and work in Japan but I'm a New Zealander, The reason I trade Fx is to make relatively quick cash as I believe time is not on our side and the best way to supplement my income is thru fx. I stumbled across the theory of peak oil by accident and through months and months of research into the topic weighing up both sides of the debate, trying to filter thru the hype and BS I made my own conclusions. this is a forum about FX so I don't really want to go into it much further, (if you do i will give an email contact) but when a bunch of retired oil geologists who no longer have to toe any political or company line all say we are in very serious trouble I think it's time to sit up and listen especially when they are talking in years not decades.
As for trading I try not to overtrade, fx is an addictive occupation and I have started making more money from trading less, quality over quantity. hopefully I can add some insights to the forum and we can all make some coin and i promise not to mention the oil again. thanx

Boston mpd004 23:47 GMT October 22, 2004 Reply   
Medford//Thats why I got out of daytrading stocks (securities) after 22 years. The hours were only only 6 1/2 hours a day and I ended up wanting for more at the end of the day. The forex is 24-5 and I like you, wish it was 24/7. I love this business and I'll be in it as long as I'm breathing. The Forex does that to you. It's like a drug, the more you play, the more you want to play. I won't repeat was Valdez advises, but playing it smart will allow you to stay in the game, something you love, while others are back to doing whatever they were doing before they took the fall. There is a lot of talent here on this forum but you need to take the comments only as some additional information to warrant a decision on your own. Use the down time to your advantage to gather information on what may be coming in the next week. I am slowly turning from a daytrader to a swing trader due to the input from this forum and not regretting it because I'm (my opinion) starting to believe it's the way to go in the forex. Good luck to you.

Medford, OR sm 23:30 GMT October 22, 2004 Reply   
Thank you all for the great advice. I think I am on the right track so far. A friend of mine went to a 4x made easy seminar and then got me to look at it. All of the information is second hand from him so I have had to do a lot of informational gathering myself.

Funny thing is I think I have a much better grasp on it than he does. He makes more big trades than I do, but a lot more big losses too. I focus mostly on many smaller gains and very few losses knowing that if I can do that I can always make more just by buying multiple lots at a time.

I currently keep a lot of information on the trades I make and why though looking back at failed trades often lead me nowhere, it all looked good and then went south. I think that is par for the course. But anything I can learn to help me make a better decision or know when to stay in a bit longer would greatly improve my winning dollars.

And lastly... what the heck are we supposed to do when the market is closed... I sit here at my PC doing my work (as I work from home) and there is nothing to go pop in and check how I am doing. That's the pits!

I think it should be 24/7 cause I SURE like this a lot better than Vegas and I am making money on paper. Hopefully next week or the following I will fund an account and be on my way to success.

Thanks again

Boston mpd004 22:35 GMT October 22, 2004 Reply   
Mos-quito//Thats very kind of you to take your time and give out some honest advice to someone who is new. I wish there was someone like you when I started out. regards and gl gt

quito_ecuador_valdez "mos-quito" 22:29 GMT October 22, 2004 Reply   
Good advice on FXstreet. forexnews.com too. And don't forget the "analysis & news" link on the right side bar of this page and the Treasury Forum...excellent resources.

Medford, keep track of the pips you make, the dollars will follow. Don't worry about profit at this time, worry about how many pips you can collect and taking notes along the way. If you keep a meticulous log book (5 out of 100 dos but only 5 out of 100 succeeds at FX..must be something there) on what you do, your reasoning etc. and in two months of solid trading you'll look back on that logbook and see how you've progressed. You will be surprised.

So go for pips. The mini acct is good because it gives you a live feel..the thrill, the panic. These emotions you'll learn to minimize as well. Emotions and FX don't mix. Be a trading machine, look not at hope, not at greed, not at fear. Just do it like a machine. It's difficult because you are not a machine...but try each day to look at things the way they are, not how you want them to be. And don't copy other's trades. Do it yourself, for yourself. Any idiot can copy. And when a trade goes bad, (or good) where do you start to analyse as to what happened in your mind? You can't. So trade for yourself by yourself with perhaps guidance on theory or method, not the actual buy/sell.

GT, you sound to me like you're gonna win. Remember though there are good weeks and bad ones. NEVER FEEL COMPELLED TO TRADE. Trade when it's right for you..whether you have to wait an hour, a day, a week..don't trade until you see a very good trade coming up. I trade average 4 times a month...long term position trades and I don't trade in topography like this. So be patient, pounce like a spider when you see the fly, not its shadow.

Sapporo KH 22:19 GMT October 22, 2004 Reply   
go to fxstreet.com they have a ton of educational resources, stick to a demo account until you can consistently make money.

quito_ecuador_valdez "mos-quito" 22:19 GMT October 22, 2004 Reply   
Medford// you asked as to when you should know to close. There is not formula. I just wait until it begins to turn then close. You have to figure in false breaks as well..sometimes it breaks, then resumes..sometimes it does not. This is FX laddie.

NEWS that kicked the buck today

In 20/20 hindsight, as I just posted on the Help Forum some aftermath items of interst, there were many factors, known and unknown (part of which I got into last night here on FF) which contributed to our approach to 1.27 (as any garden variety breakout would) instead of finding support as was popularly hoped the rogue €/$ would do today. (Hope is an emotional defect in the human mind that will cost you money.) One such factor is a sell off of USD and USD paper itself by citizens of some European countries, businesses, and of course obviously their banks and CBs since they're flooded with USD. Another is the reality of the US economy. Following that train, please read below what Fed Chief Janet Yellen said (Source: forexnews dot com). It is no wonder people who got wind of her report further backed off the buck:

"San Francisco Fed Chief Janet Yellen gave traders more to think about beyond the usually non-threatening Fed rhetoric when she deemed the dollar to remain "relatively high despite our large and growing trade deficit." The Fed veteran also noted the central bank must “remain very watchful as developments unfold, and be prepared to consider modifications in our course of action as needed to ensure price stability and full employment". Yellen said the new neutral Fed funds rate may be lower than the medium term neutral rate, while warning that “the sluggish job market could significantly restrain spending, as it lowers growth in disposable income and threatens to undermine consumer confidence".

Please read my posts on Help Forum some minutes ago for more details on what is really happening and why.

Gen dk 21:42 GMT October 22, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Medford, OR sm 21:30 GMT October 22, 2004 Reply   
As a new trader where is the best place to find information like you mentioned and how it will affect markets. In my trades I seem to be equally profitable going short as going long and am split on the day at 50% each way. So that in my opinion is a good thing.

But on Wed/Thur things look to me to be pretty flat and I didn't really make many good trades like were available today.

Since I started this a week ago I am still really green on all the outside infuences on the market and any advice would help as I love doing this, it is perfect for me

Thanks in advance.

tk jf 21:26 GMT October 22, 2004 Reply   
re earlier talk with dr q- its not so much if you make a mistake with a trade but whether you can admit it mentally and change position or cut quickly. its indecision that will kill you faster than anything - gl -

KL KL 20:25 GMT October 22, 2004 Reply   
top of the day all...I see my long eurusd from 1.2607 still alive...move sl to 1.2667. It keeps going up with some fuel left,,,so it seems..looking to SAR at 1.2742...Looks like Soros is in and BOJ hiding to give mega HUG....so dangerous now SL needs to be tested on your platform....for safety

Van DMX 20:10 GMT October 22, 2004 Reply   
medford:

You finished the day with a profit, thats a good thing. Hind sight is always 20/20. When you switch over to the big board and a negative move means a loss of thousands you'll only think of one thing. Confort sometime is better then a profit.

Its probaly a good thing that you closed out. Monday oil will pull back on profit taking and they'll be a shift in the market. Nymex boys runs the price up then everybody starts taking profits. Oil drops and all markets react to it. At least for the in term.

Good luck, enjoy you weekend

Medford, OR sm 19:57 GMT October 22, 2004 Reply   
I just looked at some of the trades I had this morning, I bought 4 mini's of USD/CHF @ 1.2198 and sold them for a profit of around $40.

Just closed out a new position on USD/CHF for 20 profit and closed at 1.2123

So had I stayed in each of those 4 minis I would have made $75 each for a profit of $300. ARGGGGGHHHHH

Van DMX 19:52 GMT October 22, 2004 Reply   
Stacking up on overbought Euro's

Another couple @ 12670 short

Van DMX 19:50 GMT October 22, 2004 Reply   
Medford, OR:

I check this board from time to time, just to see whats up.

And I'll tell you something: If your winning thats what counts. With time you'll learn to look at forex from a bigger picture. So keep grabbing those profits.

Good Luck

YVR MAXXIM 19:47 GMT October 22, 2004 Reply   
Medford, OR sm 19:38 GMT October 22, 2004
High Probability Fibonacci Zone Analysis/click-Learn how to trade/issue 14/and plot.!

http://www.fibonaccitrader.com/

Van DMX 19:44 GMT October 22, 2004 Reply   
I've opened a euro short for the weekend @ 12650,

If all goes well, we'll pull a pull back in the weakness of the dollar.

Medford, OR sm 19:38 GMT October 22, 2004 Reply   
I am new to forex, today I had many small gains on minis and won on 14/15 that I got in and out of. I like the percentage but my profit is small on each trade I averaged 6.76 on each trade of a mini.

Is that good? How can I tell if I can leave them in longer.

sofia anmart 18:29 GMT October 22, 2004 Reply   
NZD/USD-0.6955. Next target -0.6975 enroute to 0.7100.

sofia anmart 18:22 GMT October 22, 2004 Reply   
Thanj you Andras. Long term target -1.1900. Near term is extremely oversold. we closed our short from 1.2485 at 1.2335.

Pecs Andras 18:13 GMT October 22, 2004 Reply   
sofia anmart 18:10 GMT October 22, 2004
Very nice calls. What were they based on?
What is the target on CAD?

sofia anmart 18:10 GMT October 22, 2004 Reply   
09:56 GMT October 20, 2004
USD/CAD triggered sell signal for 1.2330.

sofia anmart 18:06 GMT October 22, 2004 Reply   
11:57 GMT October 22, 2004
GBP/CHF -2.2245. We sold for 2.1880

Halifax CB 17:57 GMT October 22, 2004 Reply   
PP - be interseting if it settles near your projection; on the 5 minutes it looks like it's riding the lower (2,20) BB right on out of here....

Rivonia PipPirate 17:40 GMT October 22, 2004 Reply   
Projected low 4 CAD today was 12345. Nice # any further 'n Cad will dissapear down a black hole vortex

Quebec Swap 17:35 GMT October 22, 2004 Reply   
long some USD/CAD. not much more to push the CAD$ higher in the next few hours besides COT. I suspect some will cash in their profits.

Tokyo IM 17:28 GMT October 22, 2004 Reply   
Have a good weekends everyone, I am out ...

Indonesia-Solo Raden Mas 17:23 GMT October 22, 2004 Reply   
usd/cad is on the critical point now ( at 1.2358..)maybe usd buyers here..

Indonesia-Solo Raden Mas 17:15 GMT October 22, 2004 Reply   
eur/usd will test low again at 1.2594 from high 1.2633. please open 5 minutes candle formation !..

Tokyo IM 17:12 GMT October 22, 2004 Reply   
Pecs you must be a very hard working dude. Very good job there ...

Pecs Andras 17:11 GMT October 22, 2004 Reply   
amc
thanks mate

ny amc 17:08 GMT October 22, 2004 Reply   
PECS........nice job

jkt-aye 17:07 GMT October 22, 2004 Reply   
Re GBP ... looking from daily PF chart, from top 1.875x we have correction toward 1.835x (+/-400 pips). Target calculation pointed to 1.755x. In shorter time frame, from low 1.775x the correction to 1.800x (+/- 250 pips) targeting 1.850x. If I assume today's high as a top, think it targeting 1.815x . IMVHO

Pecs Andras 17:06 GMT October 22, 2004 Reply   
Cable is my best friend today. On a day like this you can easily raid 20/30 pips on this pair by simply following the 5M chart.
I have made 86 altogether today.

Pecs Andras 17:02 GMT October 22, 2004 Reply   
Stockholm AGuy 16:45 GMT October 22, 2004
That is interesting. It puts the whole thing in a different perspective.
Thanks.

Tokyo IM 17:01 GMT October 22, 2004 Reply   
IMHO Fiber is going to slide down ...

Tokyo IM 17:00 GMT October 22, 2004 Reply   
[USD/CAD] has dropped to a new low at 1.2366 with bullish rate hike forecasts and some positive Cad news from Ford behind the renewed Cad positive sentiment. Sellers look linked to some midday fix in Canada with hedge funds and corporates said to be chasing the price lower. Support arises from 1.2350 at which point another barrier is expected. On the news front analysts remain solidly behind a December hike, 1- of 12 in the latest poll from reuters, whilst 7 of 12 see hikes in both January and March. As for Ford the US company is expected to unveil plans next week to invest Cad 1bln at its plant in Oakville Ontario plant. The good news for the Loonie keeps rolling in.

GOES B747 16:57 GMT October 22, 2004 Reply   
I am gone.......great weekend to all !!!

GOES B747 16:57 GMT October 22, 2004 Reply   
ny amc 16:43 GMT October 22, 2004

multi-nationals and the state working hand in hand to generate better Japan for all Japanesse people; and they have the greatest lesson of all with them, they will not fall again in trap coming out of Europe.

they make money at the present at level never seen before; look on Japanesse establishments worldwide and how they operate within their export markets; the coming years will not allow Japan to hide it's richness anymore.

gt

Upington kalahari 16:52 GMT October 22, 2004 Reply   
Oh and being right all the time is also boring and take the spice of life away :)

Upington kalahari 16:50 GMT October 22, 2004 Reply   
I must put a disclaimer here and that I am wrong more than I am right in my entries, the difference is in the meat......

SanFrancisco TG 16:49 GMT October 22, 2004 Reply   
Stockholm - Just peeking in here, that is my understanding as well.

Indonesia-Solo Raden Mas 16:48 GMT October 22, 2004 Reply   
gbp/usd is on the good start level now..
please open your 15 mintes candle formation !..

Stockholm AGuy 16:45 GMT October 22, 2004 Reply   
Pecs Andras 16:41 GMT: I believe the "high oil hurts yen" argument is fundamentally ill-conceived. Yes, Japan is a huge oil importer. So is the US, the EZ and just about everybody else. So the shibboleth should rather be energy efficiency; how much oil each economy needs per unit of GDP output. And at that, I believe Japan excels.

Upington kalahari 16:44 GMT October 22, 2004 Reply   
I have a sell signal on the Yen at 107.00

ny amc 16:43 GMT October 22, 2004 Reply   
GOES B747 16:40 GMT October 22, 2004
Upington kalahari 16:37 GMT October 22, 2004

u r welcome; worry-free FX for the coming 18-20 months is JPY, no ccy. will make FX traders (that long JPY) to smile like JPY during this timeframe.

it will hammer all ccys...none excluded !!!

What makes you state this , just curious. Thanks

Upington kalahari 16:42 GMT October 22, 2004 Reply   
GOES B747 I agree, the low volatility and range the Yen found it self in for the past year it is going to be a BIG one which ever way, so the swissy in my humble opinion

Pecs Andras 16:41 GMT October 22, 2004 Reply   
Guys
Why does high oil price not hurt the yen?

Upington kalahari 16:40 GMT October 22, 2004 Reply   
Thank you San Diego DC , I am not good at any prediction, I just read with interest about the different views on a public forum, but I still follow my own nose

GOES B747 16:40 GMT October 22, 2004 Reply   
Upington kalahari 16:37 GMT October 22, 2004

u r welcome; worry-free FX for the coming 18-20 months is JPY, no ccy. will make FX traders (that long JPY) to smile like JPY during this timeframe.

it will hammer all ccys...none excluded !!!

gt

Indonesia-Solo Raden Mas 16:39 GMT October 22, 2004 Reply   
Upington kalahari 16:31 GMT October 22, 2004
my based chart is daily candle formation with specific theory...just technical.
btw thanks for your share opinion..

Upington kalahari 16:37 GMT October 22, 2004 Reply   
Thank you GOES B747

San Diego DC 16:35 GMT October 22, 2004 Reply   
Upington kalahari,

The monthly EUR resistance is at 1.2936, so my 2 cents is that @ the weekly level we will see some pull back, but overall direction, the monthly chart has come out of the congested zone it has been in the last 6 months, poised to be more bullish. I don't know how to predict things but when it gets to these price ranges, would be in a better position to tell about the next probable moves.

Indonesia-Solo Raden Mas 16:34 GMT October 22, 2004 Reply   
for long term trade.
maybe most of analyst thinking about 1.27xx now, I say no !!
but for eur/usd I still get little confuse to get the conclusion, but clear conclusion in gbp/usd chart.
But we can count if gbp/usd go to 1.7356 maybe Eur/usd at 1.1735..

GOES B747 16:34 GMT October 22, 2004 Reply   
Upington kalahari 16:31 GMT October 22, 2004

it is OK...it is for the long term; cable will go 1.20/25 after touching 2.20/30 until APR/2006 (1.95/2.00 before MAR/05).

good and happy trading

Tokyo IM 16:34 GMT October 22, 2004 Reply   
Swissie is making moves lower slowly but with style.

Sydney Alimin 16:34 GMT October 22, 2004 Reply   
now usd/jpy is looking to do the same as what usd/cad did...dollar index keeps making new low too....this could be a self sustaining dollar bear period...the only thing is that today is friday and being so late into the day i won't trust everything i see so easily...

Upington kalahari 16:31 GMT October 22, 2004 Reply   
Indonesia-Solo Raden Mas on what do you base your findings? If I look at my weekly charts its looking that its licking its lips at 1.87

Stockholm AGuy 16:29 GMT October 22, 2004 Reply   
This close to the US election, isn't continued range trading until we know for sure who's gonna be prez the most likely scenario for the USD pairs?

GER ad 16:28 GMT October 22, 2004 Reply   
Long USD/CAD at 1.2365 tight S/L

Tokyo IM 16:27 GMT October 22, 2004 Reply   
$/CAD at Sep 14 1992 level right now. Does that tell us something about the US economy ?

Indonesia-Solo Raden Mas 16:27 GMT October 22, 2004 Reply   
friends !!!
for long term players.
I got strong conclusion fro my chart theory that GBP/usd have get top target today before move down so far to get first station at 1.8089, strong target at 1.7356 and 1.7164
If you are long term players..please exit your buy gbp/usd today and cut switch all your position today..

Upington kalahari 16:25 GMT October 22, 2004 Reply   
I am long in the Eur from 1.2460

Upington kalahari 16:24 GMT October 22, 2004 Reply   
San Diego DC do you think that level will hold?

GOES B747 16:24 GMT October 22, 2004 Reply   
San Diego DC 16:22 GMT October 22, 2004

right, and the same charts suggest strongly that next 5-8 trading days are good for EUR/USD shorters.

gt

San Diego DC 16:22 GMT October 22, 2004 Reply   
Next Resistance level for EUR on the weekly chart is 1.2928

Tokyo IM 16:22 GMT October 22, 2004 Reply   
I am $ bear next week for sure, $/CAD thing is just wispering on my ear...

Indonesia-Solo Raden Mas 16:20 GMT October 22, 2004 Reply   
hello ..

Sydney Alimin 16:18 GMT October 22, 2004 Reply   
Tokyo IM 16:16 GMT October 22, 2004

yes mate, that's the only thing that is alive....could it try sending some messages across about the direction of the dollar for next week?

Upington kalahari 16:18 GMT October 22, 2004 Reply   
Tokyo IM yes, I am in a huge short cad position x-mas is around the corner

Tokyo IM 16:16 GMT October 22, 2004 Reply   
USD/CAD making new lows.

Dallas Mauricio 16:15 GMT October 22, 2004 Reply   
Shorted Cable @1.8275 for scalp.

GOES B747 16:11 GMT October 22, 2004 Reply   
markets moving towards my entry levels, activation is near...I hope being in the holy land will help my trades during next week :-)

pay attention to the trades suggestted, it will pay good during next week/until US elections !!!

gt alll

Upington kalahari 16:10 GMT October 22, 2004 Reply   
Houston we have lift off

Dallas Mauricio 16:06 GMT October 22, 2004 Reply   
I think you mean 16:00GMT is the London close? Thanks.

NYC 16:05 GMT October 22, 2004
Dallas. 16:00 GMT is currently 5 PM Lodnon time.

NY NY 16:05 GMT October 22, 2004 Reply   
when the pubs open (say 7am NY time)

NYC 16:05 GMT October 22, 2004 Reply   
Dallas. 16:00 GMT is currently 5 PM Lodnon time.

GOES B747 16:04 GMT October 22, 2004 Reply   
Haifa ac 16:00 GMT October 22, 2004

I will be all around ISR, just lead me towards the best ones...did you mean Tan'aami in Kfar-Saba ???

btw, BG (Ben Gurion) 2000 is starting to operate (the reason for my visit); bit later then 2K but still better than never :-)


gt all

Dallas Mauricio 16:03 GMT October 22, 2004 Reply   
Will someone please tell me what time does the London Session close? TIA

Haifa ac 16:02 GMT October 22, 2004 Reply   
Van jv 15:54 GMT //I am not sure. I hope he means he will fight Jihad seriously.

Haifa ac 16:00 GMT October 22, 2004 Reply   
GOES B747 15:53 GMT October 22, 2004
" I will be in Israel starting from next week, please tell me where I can enjoy your famous falafels ???"//Each city has its "famous" falafel places. You have to be more specific.
You can also look up google and find some good ones.
Jerusalem King Goerge st. has a row of good ones. Also Ask Kfar Saba zp on the political side

Miami OMIL (/;-> 15:58 GMT October 22, 2004 Reply   
Well as I suspected a no show for Friday and resistance holds ground. The same old Friday food fights around here I see. Well as Shakespeare would say is there oil or isn’t there oil that is the question. I am still looking for the retracement at this point for the eur/usd pair. With mid term indicators in O/B area and intraday indicators in the same position this retracement may actually happen next week (I am still holding my breath). Long-term indicators are still bullish and with room to go which raises the questions is the next key resistance (2710-20 and 2760-70) going to fall and will we see the top tested without a significant retracement in the market. Stay tuned next week, same channel same time for the final conclusion of this latest saga in As the Forex Turns (soap opera) series. I hope everyone has a good and safe weekend. See you on the other side. GL GT

Bahrain Within 10 Pips 15:56 GMT October 22, 2004 Reply   
Just testing day trade system for stocks
CAT 77.81 76.28 Sell
DIS 25.58 25.01 Buy
KO 39.84 39.01 Sell
MMM 78.14 76.69 Buy
MO 47.69 47.01 Buy
MRK 31.54 30.85 Buy
SBC 26.01 25.32 Buy

Van jv 15:54 GMT October 22, 2004 Reply   
Haifa ac///who knows... what is your
interpretation of Bush's"""
Bush Pledges 'Nothing Will Hold Us Back'

GOES B747 15:53 GMT October 22, 2004 Reply   
Haifa ac 15:39 GMT October 22, 2004

you just said it :-)
the bears time frame supports Bush but also Ketchup will have the same markets...so bear for the next 18-20 months is the story as I see.

btw, I will be in Israel starting from next week, please tell me where I can enjoy your famous falafels ???

gt

knoxville dan-k 15:46 GMT October 22, 2004 Reply   
got that beat by a mile
try Three Olives, u will fly higher with less hangover
rofl

Dallas Mauricio 15:40 GMT October 22, 2004 Reply   
ROFL!!

Livingston nh 15:37 GMT October 22, 2004
JWB is Johhnie Walker Black - I support him 100%

Haifa ac 15:39 GMT October 22, 2004 Reply   
GOES B747 15:36 GMT // The real question is whether Bush second term is already discounted by the market or not. I cannot tell.

Livingston nh 15:37 GMT October 22, 2004 Reply   
JWB is Johhnie Walker Black - I support him 100%

GOES B747 15:36 GMT October 22, 2004 Reply   
Dallas Mauricio 15:35 GMT October 22, 2004

sorry, taught about junk when I had to write George...sorry again...

gt

Haifa ac 15:35 GMT October 22, 2004 Reply   
gold coast martin 15:27 GMT //True. But he chickens out. Beneath his dignity.

Dallas Mauricio 15:35 GMT October 22, 2004 Reply   
Isn't it G.W.B.?

GOES B747 15:32 GMT October 22, 2004
what will make J.W.B to get re-elect ???

GOES B747 15:32 GMT October 22, 2004 Reply   
what will make J.W.B to get re-elect ???

(1) ride of NYSE to 11K and NASDAQ to 2150
(2) OBL in US custody during next week
(3) the fact that US stocks, USD and jobs are lower then at his election time while running costs for US citizens are higher then ever

I just try to point that next week is the last week that USD positive news can taken into trading activities, the bear father willl take control until MAY/05 then bear boy will take control until DEC/05 then bear baby will take control until APR/06....US/USD bull will be back around APR-MAY/2006

gt

Dallas Mauricio 15:30 GMT October 22, 2004 Reply   
Long Cable @ 1.8269 for scalp.

gold coast martin 15:27 GMT October 22, 2004 Reply   
Haifa ac 15:25 GMT October 22, 2004
May be a dialogue between you and Gaza Ibiza will liven things up.....g/t

Sydney Alimin 15:26 GMT October 22, 2004 Reply   
usd/cad just made new low quietly

Haifa ac 15:25 GMT October 22, 2004 Reply   
Shoot. How could I be so blind.

Livingston nh 15:23 GMT October 22, 2004 Reply   
Sapporo KH 15:03 GMT October 22, 2004
Thanx Sapporo

jkt-aye 15:23 GMT October 22, 2004 Reply   
Ac ... thought we wait it closed. LOL

Dallas Mauricio 15:21 GMT October 22, 2004 Reply   
Monday.

Haifa ac 15:21 GMT October 22, 2004
Markets are extremely quiet. Are we waiting for something? Godot? Savonorola? Barbarosa?

Haifa ac 15:21 GMT October 22, 2004 Reply   
Markets are extremely quiet. Are we waiting for something? Godot? Savonorola? Barbarosa?

knoxville dan-k 15:19 GMT October 22, 2004 Reply   
for anyone's info great time zone site
http://www.worldtimezone.com/index24.html

Dallas Mauricio 15:15 GMT October 22, 2004 Reply   
What time is the London close? TIA

Dallas Mauricio 15:09 GMT October 22, 2004 Reply   
1.8261 to be exact.

Dallas Mauricio 15:08 GMT October 22, 2004 Reply   
Shorted cable @ 1.8262 for scalp.

SanFrancisco TG 15:06 GMT October 22, 2004 Reply   
I'm out for the weekend, and I'll be sure to heed the words of the scare mongers of the left and fill the last few drops of oil available to the world into to my truck while its there.

opo MW 15:04 GMT October 22, 2004 Reply   
SanFrancisco TG 14:46 GMT
I have requested your e-mail to GV; have a nice report on oil, in case you are interested. Hope you don´t mind
GT and GL all

Livingston nh 15:04 GMT October 22, 2004 Reply   
Whether Anwar is opened or not the net effect on world oil prices is not going to be affected much - this is not the same as the prior oil price spikes which were more supply problems - this is a demand "problem" (that's why these folks that keep crying tax hike effect are so off base)

Sapporo KH 15:03 GMT October 22, 2004 Reply   
NH
checkout http://www.peakoil.net/Newsletter/NL43/newsletter43.pdf
it'll explain the relationship better than I can,
Anyhow I'm long EUR/USD wide s/l

SanFrancisco TG 15:03 GMT October 22, 2004 Reply   
Ok I'll let the socialists win ... no oil left, big conspiracy by oil firms who go to war for oil .... whew

GOES B747 15:00 GMT October 22, 2004 Reply   
next week ranges: maximal high moves will go 0.4% (less than 15% chance) above this week's prices and maximal low moves will bring 1.75%-2.5% move from this week's highs.
BUT, the following 9 trading weeks starting from 04-05/NOV/2004 will bring 10%-12% movement in line with the last 3 trading weeks.

so, good luck to everybody !!!

Sapporo KH 14:59 GMT October 22, 2004 Reply   
Peak oil is unfortunately upon us right now, just ask Matthew Simmons head of the investment bank to the energy industry, I think he would know, if anyone, he was also an advisor to Bush, check out his latest view on the energy crisis
http://www.simmonsco-intl.com/files/IPAA-IPAMS-DESK%20&%20DERRICK.pdf

Stockholm AGuy 14:58 GMT October 22, 2004 Reply   
SanFrancisco TG, since you consider yourself a realist, would you care to quantify how "vast" those Alaska oil reserves are, realtive to current US consumption?

Livingston nh 14:58 GMT October 22, 2004 Reply   
Sapporro - since the beginning of the year light sweet is up 67% and the EUR avg in January was higher than Oct so far - is China paying its oil suppliers in EUR?

Tokyo IM 14:49 GMT October 22, 2004 Reply   
Sydney gvm, at least sya what it is. My wife is walking around.

SanFrancisco TG 14:48 GMT October 22, 2004 Reply   
farmacia - hardly. Simply an educated, realistic, centralist going by fact, not socialistic hype or science fiction/fantasy.

SanFrancisco TG 14:46 GMT October 22, 2004 Reply   
While "peak oil" is inevitable at some point within the next 50 years, we have a long way to go before we sniff such a phenomenon. Where the US is concerned, Alaska alone holds vast resources of "sweet" oil as determined by international government and the most reputable scientific sources.

Problem has always been drilling/refinery fillibuster to keep the "fringe vote". Amazing what arguments the fringe comes up with.

melbourne farmacia 14:44 GMT October 22, 2004 Reply   

SanFrancisco TG = Spin DR for Cheney & Co

Global-View Research 14:40 GMT October 22, 2004 Reply   
FOMC SF Fed President Yellen On The Dollar (FXA)

Yellen's speech in San Francisco late Thursday is in the spotlight as she again mentioned the dollar. Here is what she said in the context of describing factors that were depressing the intermediate-term real Fed funds rate. "Another factor that may be working in the same direction is the dollar, which has remained relatively high despite our large and growing trade deficit. A high dollar makes imports less expensive for us and makes our exports more expensive abroad, thereby undermining the demand for domestic output. In order to offset this drag on demand for domestically produced goods and services, interest rates must be lower than would otherwise be necessary to produce full employment in our economy. A relatively high dollar depresses the equilibrium real rate."...See fully story in our research section CLICK HERE

SanFrancisco TG 14:38 GMT October 22, 2004 Reply   
OK - Actually I'm a very cheery guy. You just don't like the truth because it conflicts with your desires.

Sydney gvm 14:37 GMT October 22, 2004 Reply   
Ok nothings happening...

so

go to

www.wickedweasel.com

who is the best?

Sapporo KH 14:34 GMT October 22, 2004 Reply   
edit AREN'T going to be cheated. sorry

GOES B747 14:33 GMT October 22, 2004 Reply   
placed orders:

EUR/USD: short @ 1.2642/60 (50%-50%) (s/l @ 1.2684)
USD/JPY: long @ 107.40/22 (50%-50%) (s/l @ 106.78)
EUR/JPY: short @ 135.95/136.20 (50%-50%) (s/l @ 136.64)
GBP/JPY: short @ 196.30/90 (50%-50%) (s/l @ 197.32)
USD/CHF: long @ 1.2160/35 (50%-50%) (s/l @ 1.2072)

will run with the trades the coming week, initial target us for +++800pips in total.

gt all

Sapporo KH 14:33 GMT October 22, 2004 Reply   
Type in "Peak oil" into any search engine and you will see why no refineries or supertankers are being built, You will also find that for the last 4 years oil has been priced tacitly in Euros, note price per barrel has been the same when translated into euro, the more the dollar drops the more oil will rise. the oil exporters are going to be cheated by a weak dollar

Sydney gvm 14:30 GMT October 22, 2004 Reply   
Biuy Eueo 127.10 close..................?!?!

Bahrain Within 10 Pips 14:30 GMT October 22, 2004 Reply   
About my post about ndx
should be
1,492.33 1,416.64

OK SZ 14:26 GMT October 22, 2004 Reply   
TG, you have to be one of the most negative people out there..next thing you will be saying is the world will come to an end..I am outta here for the weekend..the rest of you don't let those negative posts bring you down..gl, gt all

Sydney gvm 14:22 GMT October 22, 2004 Reply   
Biscuit Boy

Cool - there are only a few times in the last 20 years I have seen this dogmatic level re: US$ Sell

trend is your friend my man

Rivonia PipPirate 14:21 GMT October 22, 2004 Reply   
GOES B747 14:07 Valdez now only responds to his new handle:
"Vampire'z budgie". ATM he is grooming burro for the w/e trip to town.
GL

SanFrancisco TG 14:20 GMT October 22, 2004 Reply   
If Kerry were to gain office I would not count out $70 oil price ($4 + on average at the pump) in the future, and another devestating terror strike. Oil firms are donating 90% to Bush not because they think he will see oil prices raised, but because they see probable domestic expansion and also consider it (rightfully) a national security issue.

Kerry never failed to vote for stripping security or intelligence by billions, he never failed to vote against new domestic oil refineries (none in the last 30 years due to democratic fillibusters).

USA Biscuit Boy 14:16 GMT October 22, 2004 Reply   
I don't have a problem mate. Hang around your eur/$ may hit your target with a short squeeze this arvo....I will happily sell it above 1.27 today. Gl and GT.

Sydney gvm 14:16 GMT October 22, 2004 Reply   
Melbourne 2nite

Lost cause - but me being a kiwi - I have no problem - remember the intitials - I will rule a country one day

Sydney gvm 14:13 GMT October 22, 2004 Reply   
USA Biscuit Boy 13:57

uh huh -- so whats the problem? This is the best forum to be on FX wise - but then again Jay hates my guts - whaddya gonna do ? Sell dollars - wear diamonds ......

Bahrain Within 10 Pips 14:13 GMT October 22, 2004 Reply   
GV should have a link for boxing game for stray cats from here to into

SAIHAT 14:12 GMT October 22, 2004 Reply   
SAIHAT 22:12 GMT October 21, 2004
ASIA RANGE

1.2593 1.2649
1.2142 1.2204

107.19 107.67
0.7365 0.7402

1.8246 1.8324
1.2406 1.2450


***ASIA RANGE WORK WELL***

Melbourne 2nite 14:11 GMT October 22, 2004 Reply   
Sydney gvm 1405gmt
If a Howard supporter is sad, how would you describe a Latham supporter :)
No malice intended . Have a good weekend. Done 4 the week 4 me.

Dallas Mauricio 14:10 GMT October 22, 2004 Reply   
No.

Gibraltar PW 14:02 GMT October 22, 2004
Anyone think cable is about to drop like a stone?

gold coast martin 14:10 GMT October 22, 2004 Reply   
Sydney gvm 14:05 GMT October 22, 2004
Without digging anything in the archives i remember you saying the exact opposite to me...still...in this business you are only as good as your last call....you have your position and i still have mine....no loss....glad you are not driving tonite...g/t

GOES B747 14:07 GMT October 22, 2004 Reply   
Valdez...are you around now ???

gt all

Sydney gvm 14:05 GMT October 22, 2004 Reply   
Gold Coast - after watching & listening to you for months now - I have a feeling you are a one sad boring Howard supporter...
you are long and wrong US dollars - and always very ready to tell everybody how misinformed we are are - coz you have some hotline to GOD - well YOOOU ARE GODDDDAM WRONG

Sydney gvm 14:05 GMT October 22, 2004 Reply   
Gold Coast - after watching & listening to you for months now - I have a feeling you are a one sad boring Howard supporter...
you are long and wrong US dollars - and always very ready to tell everybody how misinformed we are are - coz you have some hotline to GOD - well YOOOU ARE GODDDDAM WRONG

Halifax CB 14:05 GMT October 22, 2004 Reply   
Tor - we've got CAD low of 1.2387 and Eur high of 1.2661. Varies with provider (but should be within a couple of pips...)

USA Biscuit Boy 14:03 GMT October 22, 2004 Reply   
Mauricio its all good Bill will be back in the House....first man hehe

LA SID 14:03 GMT October 22, 2004 Reply   
Dallas, you mean if Monica has a sister...wink wink!

Gibraltar PW 14:02 GMT October 22, 2004 Reply   
Anyone think cable is about to drop like a stone?

Gibraltar PW 14:01 GMT October 22, 2004 Reply   
SF MRZ thanks

Dallas Mauricio 14:00 GMT October 22, 2004 Reply   
She's an only child.

gold coast martin 13:57 GMT October 22, 2004
waiting for Hillary in 2008
BB..LOL...Wonder if MONICA has a brother...
BTW...Good short calls on euro.....g/t

Sydney gvm 14:00 GMT October 22, 2004 Reply   
cant see any punter on this forum who called this move down in the dollar - means to me this sucker is going WAY lower

tor 13:58 GMT October 22, 2004 Reply   
can someone tell me the high in Euro and low in USD/CAD overnight ?

USA Biscuit Boy 13:57 GMT October 22, 2004 Reply   
gvm you always come here sloshed on a Friday....and god bless I wish I was you but have to wait at least another 5 hours for midday.

SF MRZ 13:57 GMT October 22, 2004 Reply   
Sell Eur/$ @ 1.2606 and 1.2555 targets 1.2492, 1.2441. 1.2390, 1.2327, 1.2225

gold coast martin 13:57 GMT October 22, 2004 Reply   
waiting for Hillary in 2008
BB..LOL...Wonder if MONICA has a brother...
BTW...Good short calls on euro.....g/t

Sydney gvm 13:53 GMT October 22, 2004 Reply   
127.20 close NY

USA Biscuit Boy 13:53 GMT October 22, 2004 Reply   
I think euro has to build some value before next upmove. Next week is month end ahead of election. Kerry in power? I would love that as much as the next guy but I will be waiting for Hillary in 2008. GL and GT.

Bahrain Within 10 Pips 13:52 GMT October 22, 2004 Reply   
Ndx in theory should be here
1,492.33 1,488.78
so it might be a buy..Now 1467

dc fxq 13:52 GMT October 22, 2004 Reply   
Sydney gvm 13:49 GMT

latest inside is Kerry is in power

???????

FWIW - an interesting NYT article here:
http://www.nytimes.com/2004/10/22/business/22norris.html

Santo Domingo tht 13:50 GMT October 22, 2004 Reply   
Can't see why Euro all of a sudden should sell off after it broke out of the range. I have two lines both coming in around 1.26 that will probably hold. Upper TL for the last move from 1.20 and the lower TL of the last move from 1.2220. Athens TL at 1.2655 might cap moves short term. A little consolidation here above 1.26 (allow for market noise) before the next UP leg next week. Todays high is just 200 pips above the summer range high, more to come. And don't try to take me to court if I'm wrong, won't work.
Happy weekend.

Sydney gvm 13:49 GMT October 22, 2004 Reply   
hmmm - end of week - anyone long dollars is looking like a complete gallah - latest inside is Kerry is in power

Sell ya frikkin mother - buy anything CEPT dollars

KL KL 13:44 GMT October 22, 2004 Reply   
move sl of 1.2607 to 1.2611...lock in +4 pips and going to bed now ...hope the trigger works today. Need some rest

Melbourne Qindex 13:36 GMT October 22, 2004 Reply   
Melbourne Qindex 13:35 GMT October 22, 2004
EUR/USD (adjusted) : Daily Cycle Quantized Levels


... 1.2466* ... 1.2515* ... 1.2588* // 1.2600 - 1.2612* - 1.2625 - 1.2637* - 1.2649 - 1.2661* // 1.2673 - 1.2685* ...

Bahrain Within 10 Pips 13:34 GMT October 22, 2004 Reply   
Dr. Q...Many thanks :)

SanFrancisco TG 13:33 GMT October 22, 2004 Reply   
Currently I like shorts from 2620 intra day if looking for small pips.

SF MRZ 13:33 GMT October 22, 2004 Reply   
Eur/$ - a close above 1.2651 on weekly chart changes long term down view for continue bullish Eur view.

Bahrain Within 10 Pips 13:32 GMT October 22, 2004 Reply   
http://www.geocities.com/kalzayani/GlobalViewFile.xls
This file is a forecast of direction rather then accuracy of levels...Most pairs
sometimes we are so busy with the levels...we foreget the direction
it's an excel file

SanFrancisco TG 13:32 GMT October 22, 2004 Reply   
The odds are heavily stacked that the Euro has seen its relative highs for the week and is currently under pressure to perform. Some probability for decline below 2600 is present. I am not expecting anything major until next week. The sell USD flavor is still intact throughout the market. Seems a relative resting area here around the figure headed into the weekend.

River Falls_USA_ PB 13:32 GMT October 22, 2004 Reply   
As a relative newcomer to this FF I want to thank those who share thoughtful commentary and shared insight. I enjoy the divergent opinions and sharp contrasts from the members.

Am travelling for 3 weeks so am flat after waiting for the EUR/$ retracement to 2450-2500 that will probably happen next week. Be back in November! GL GT

Spotforex NY 13:27 GMT October 22, 2004 Reply   
Q

You are always appreciated.....I certainly know the complexities of posting signals and the noise of the market....

Best Wishes!!!!

spot

Dallas Mauricio 13:25 GMT October 22, 2004 Reply   
Cable can't make up it's mind.

SF MRZ 13:23 GMT October 22, 2004 Reply   
Gibraltar PW - 1.2200, 1.2060, 1.1930, 1.1500 -- all possible targets. FWIW

SF MRZ 13:19 GMT October 22, 2004 Reply   
More like sharks going to eat you if you try to jump out the fish tank. 1.2600-1.2660

Gibraltar PW 13:15 GMT October 22, 2004 Reply   
SF MRZ.. What target do u estimate of the C leg plse? I have also sold eur$ as a med term possie, been waiting paitently for it to reach this zone. I think the time is ripe for a fall to possibly as low at 1.20 again. What do u think?

KL KL 13:12 GMT October 22, 2004 Reply   
ok.....had my "break" and now long eurusd 1.23607 sl 10 below...looks like 1.26 well defended

Baz JW 13:11 GMT October 22, 2004 Reply   
Melbourne Qindex 13:01 GMT October 22, 2004
nyc jk 12:59 GMT - Then I don't post them any more.
Hope you don't mean that Dr. Q - I for one am most grateful to use your calls to look for confirmation with my own short term system. If I agree I trade and if I disagree, I don't go in. Please keep on posting. GL Gt


Halifax CB 13:11 GMT October 22, 2004 Reply   
Hi nyc jk; drQ - hope you don't stop posting them, they are pretty useful indicators. I thought the call on the Eur/$ was pretty good. But it's a bit like predicting the weather (in Nfld, no less) so I figure that anyone who uses them should treat them like soft numbers, not absolute limits...Cheers to ya both...

Antwerp Tom 13:11 GMT October 22, 2004 Reply   
Qindex, keep on your excellent posting

SanFrancisco TG 13:09 GMT October 22, 2004 Reply   
$yen looking better, Aud looking worse, Cad has lost some air

SF MRZ 13:07 GMT October 22, 2004 Reply   
This might be one of those sell Eur/$ and forget it for the rest of the year trades. +/- few hundred pips, for C leg down.

Melbourne Qindex 13:01 GMT October 22, 2004 Reply   
nyc jk 12:59 GMT - Then I don't post them any more.

Melbourne Qindex 12:59 GMT October 22, 2004 Reply   
nyc jk 12:49 GMT - 1.2650 - 1.2660 is an uncertain range for my system today.

BEIRUT MK 12:59 GMT October 22, 2004 Reply   
will short eurusd at 1.2635 if seen target 1.2550

nyc jk 12:59 GMT October 22, 2004 Reply   
Qindex - I agree re 20/30 pips. my point is that you do very good work that has a high level of accuracy, but everyone gets it wrong sometimes. when you post specific trade levels ( you posted them, not me) , and those specific trades turn out to be clearly wrong (at least so far), how can you come back and say your cycle is working ok today???

hk mom 12:55 GMT October 22, 2004 Reply   
athens, why? we all appreciate your hard work very much!

Melbourne Qindex 12:54 GMT October 22, 2004 Reply   
nyc jk 12:49 GMT - For a position trader 20 - 30 pips is nothing.

Melbourne Qindex 12:54 GMT October 22, 2004 Reply   
nyc jk 12:49 GMT - Enter the market again when EUR/USD is trading below 1.2651 which is also the congested area of my monthly cycle.

Athens 12:52 GMT October 22, 2004 Reply   
Also, to say that I will take it easy for a while and won't be posting on market matters till year end (the political forum is a hobby and I will hopefully post there). "See" you here again next year. Good luck all.

Calabash TarHeel 12:49 GMT October 22, 2004 Reply   
Melbourne Qindex 12:45 GMT October 22, 2004
Thanks Dr. Q, Have a great weekend. Matter of fact, everyone have a great weekend.
Out of here.

nyc jk 12:49 GMT October 22, 2004 Reply   
Qindex - re your daily cycle working ok today, with all due respect to your fine work, it appears maybe today things didn't work so fine?? just looking at some of your posts it appears that by following today's calls one would be short EUR, stopped out and gone long at today's high basically (EBS high 1.2660 for good size)? please let me know if I missed something in these recommendations.

Melbourne Qindex 01:12 GMT October 22, 2004
EUR/USD : When the market is trading above 1.2655 the odds are in favour of taking a long position for day traders today.

Melbourne Qindex 23:45 GMT October 21, 2004
Sydney EM. 23:38 GMT - Yes, at this moment. However if the market is trading above 1.2651, then it is a different story.

Melbourne Qindex 22:34 GMT October 21, 2004
EUR/USD : A short position with a 1.2660 stop loss order is good for position trading in terms of risk/reward ratio.


SanFrancisco TG 12:48 GMT October 22, 2004 Reply   
sorry, offered not bid

Auckland 12:48 GMT October 22, 2004 Reply   
Have good weekend/ fishing/hunting/...sleeping/...drinking...
C U NXT week
sleeping time

SanFrancisco TG 12:47 GMT October 22, 2004 Reply   
$Yen upside and Aud downside runs are still not locked in and I am therefore not sold on the Euro running away yet, although has been clearly bid for a little while intra day with Cad leading early.

Melbourne Qindex 12:45 GMT October 22, 2004 Reply   
Calabash TarHeel 12:43 GMT - EUR/USD : Anything below 1.2511 we can ask for more.

Halifax CB 12:45 GMT October 22, 2004 Reply   
With all the talk about shorting euro & gbp, any one else here (dumb enough to be) treating them as range trades for the day? CAD looks a little tuckered out from trying to solidly penetrate the ever attractive 1.2400 level, so unless it shows signs of picking up steam either way, I'm leaving it alone for now...as for JPY, it looks well supprted (mostly by threatening glances from the BoJ) in the mid 40's... GL/GT/ good weekend...

Calabash TarHeel 12:43 GMT October 22, 2004 Reply   
Melbourne Qindex 12:35 GMT October 22, 2004
Your daily cycle is doing just fine so far. If we see a close under 1.2579 today, my next critical level for eur/usd is 1.2483.
I'm off now. Have a great day.

MACAU MADAME 12:40 GMT October 22, 2004 Reply   
macau madame 08:55 GMT October 20, 2004
ok..enough today..tomorrow we all buy dollars....

MACAU madame 08:42 GMT October 20, 2004
C9s at work..will go home soon to prepare dinner...and stop selling dollars

OK...LETS DO IT.....

Melbourne Qindex 12:38 GMT October 22, 2004 Reply   
Bahrain Within 10 Pips 12:29 GMT - Globa-View has a very good reference and I use it to run the projection.

http://global-view.com/fxhist.TXT

Melbourne Qindex 12:35 GMT October 22, 2004 Reply   
EUR/USD : My daily cycle is still doing okay. The market tested the critical point around 1.2655, pulled back and it received support from the barrier 1.2599 - 1.2603. Speculative selling pressure will increase if the market can penetrate through the barrier at 1.2579 - 1.2581.


Melbourne Qindex 02:10 GMT October 22, 2004
EUR/USD : Daily Cycle Quantized Levels


... 1.2453 ... 1.2508 ... 1.2545 // 1.2563 - 1.2581 - 1.2599 - 1.2618 - 1.2636 - (1.2655 - 1.2673) - 1.2692 - 1.2710 // 1.2728 ...

Athens 12:35 GMT October 22, 2004 Reply   
Daily EUR/$ chart" showing the upper parallel line I mentioned last weekend as a very probable medium term important resistance level. It started the week at 1.2645 and today is comig in around 1.2655. Sure, the week is not over yet but thus far that line is still holding. Have a good weekend everyone here.

Antwerp Tom 12:33 GMT October 22, 2004 Reply   
anomim, viies wants us to still love him LOL

Tallinn viies 12:30 GMT October 22, 2004 Reply   
anomim anomim 12:14 - ihihi. dont want to answer mate.

Bahrain Within 10 Pips 12:29 GMT October 22, 2004 Reply   
Dr. Q..GM..
U know a link that offer the closing (Previous) for FXXCM Pairs?..has to be in html
TIA

Syd 12:26 GMT October 22, 2004 Reply   
China's Q3 growth slows as curbs weigh on economy
http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh09418_2004-10-22_12-08-43_pek215532_newsml

Melbourne Qindex 12:26 GMT October 22, 2004 Reply   
EUR/USD : The mid-point reference of 1.2648 // 1.2671 is 1.2659.


Melbourne Qindex 02:29 GMT October 22, 2004
EUR/USD : My current 44-day cycle charts indicate that 1.2579 is the key quantized level and the market has good chance to challenge this point today.


... 1.2488 - 1.2511 // 1.2534* - 1.2557 - (1.2579) - 1.2603 - 1.2625* - 1.2648 // 1.2671 ...

Syd 12:23 GMT October 22, 2004 Reply   
IMF's Rato says downside risks from oil increasing
LINK

Upington kalahari 12:20 GMT October 22, 2004 Reply   
it might explode if its not careful

SanFrancisco TG 12:19 GMT October 22, 2004 Reply   
$Yen toying with the pull up, Cad (from 2620) and $swiss already up, Aud and Sterling toying with the downside but not yet fully locked in.

Pta Lud 12:18 GMT October 22, 2004 Reply   
Think the shuttle made a U-turn for more fuel.

KL KL 12:17 GMT October 22, 2004 Reply   
out again at 1.2309....I must go now...LOL...otherwise.....LOL

KL KL 12:15 GMT October 22, 2004 Reply   
No problem Houstan....using manual override...over...short again at 1.2319.....push harder everybody!!

Eilat Dolphin 12:14 GMT October 22, 2004 Reply   
By all beans, a very beautifull AM-Bush... right at the time he wakes up!

anomim anomim 12:14 GMT October 22, 2004 Reply   
Tallinn viies 12:12 GMT
what's your total gain in % soo far for this year?

Tallinn viies 12:12 GMT October 22, 2004 Reply   
got more short on euro at 1,2649.
target now 1,2570/75 first.

was central banks still on the sell side near 1,2650/60 ??

Eilat Dolphin 12:11 GMT October 22, 2004 Reply   
If there is to be a $ test of the low, this 12:00 GMT was a good starting point.

Spotforex NY 12:09 GMT October 22, 2004 Reply   
Good thing you didn't 'go with throttle up' on that liftoff.....

Upington kalahari 12:09 GMT October 22, 2004 Reply   
Ldn pm what seems to be the problem? Eagle has landed.

PAR 12:09 GMT October 22, 2004 Reply   
With european inflation figures way above expectations and european economic growth slowing the VIGILANT TRICHET is seeding STAGFLATION by not doing anything.

Ldn pm 12:07 GMT October 22, 2004 Reply   
Err - Houston we have a problem !

Upington kalahari 12:06 GMT October 22, 2004 Reply   
Yes I its pack up enjoy the weekend, the next two weeks is going to be fun.

KL KL 12:05 GMT October 22, 2004 Reply   
Wow that was a nice stop hunt SAR again at 1.2343 for and out at 1.2330...+13 pip...this is hard work...can't even go to the loo....LOL...ok resting now need a cup of coffee

GENEVA FHR 12:04 GMT October 22, 2004 Reply   
Houston lift off aborted

Upington kalahari 12:03 GMT October 22, 2004 Reply   
sorry false alarm

KL KL 11:58 GMT October 22, 2004 Reply   
out 1.2655 +2 at least made back the last 10 pip loss

Upington kalahari 11:58 GMT October 22, 2004 Reply   
Houston we have liftoff...

sofia anmart 11:57 GMT October 22, 2004 Reply   
GBP/CHF -2.2245. We sold for 2.1880

KL KL 11:56 GMT October 22, 2004 Reply   
SAR at 1.2643...wheee

BDQ 11:53 GMT October 22, 2004 Reply   
Is Eur/$ showing signs of breaking 1.2650? Or will it head for 1.2615 & below?

SanFrancisco TG 11:40 GMT October 22, 2004 Reply   
Presently I see $Cad toying with the idea of pulling up but not engaged yet, all other $pairs down still. Sterling has pulled up, don't know if it holds yet. Aussie turned up again about an hour ago.

BDQ 11:38 GMT October 22, 2004 Reply   
eur/$ stuck in 1.263x

in the next hr, do u see it up or down

KL KL 11:38 GMT October 22, 2004 Reply   
SHORT eurusd again 1.2633 sl 10 above...been good to trade this range 1.2635-1.2617

hk mom 11:10 GMT October 22, 2004 Reply   
Last but not the least.
Eur/chf diamonds will come very soon.

hk mom 11:09 GMT October 22, 2004 Reply   
say hello to 1.2710 euro. Good Luck.
Zorro your jumbo wagon is pretty big.

Boston mpd004 11:06 GMT October 22, 2004 Reply   
Closed 3rd short gbp +42, just 40 more to go on last short for b/e. Thats what I get for falling asleep with no SL.

Syd 11:06 GMT October 22, 2004 Reply   
use a spell checker

superlative

quito_ecuador_valdez "mos-quito" 11:02 GMT October 22, 2004 Reply   
Gel(lo)//..said "pedant" (peasant) returns to his equatorial burrow as a Troll would hide under his bridge, outdone. ;~( May I congratulate you sir, supurlative choice of word! Pedant. I like that.

Ltn th 10:56 GMT October 22, 2004 Reply   
Valdez.
I can tell yo""ure a daicent god fearing drinkin man.

Syd 10:51 GMT October 22, 2004 Reply   
your" is the possessive of "you".
..and that's my good points.

sorry pedant - those are my good points (plural) touche

Auckland 10:49 GMT October 22, 2004 Reply   
Eilat Dolphin 10:43 GMT October 22, 2004
Many people have leftLtd- probably good software as well

quito_ecuador_valdez "mos-quito" 10:45 GMT October 22, 2004 Reply   
Pip Pirate// You can only sell the rumor if you spiff it up a bit and add the words "quantized levels" in front of it. Then you'd do OK.

Syd Gel 10:36 GMT October 22, 2004 "your so smug"
...mate, that's "you're so smug": "you are" is contracted in English with an apostrophe to form "you're", "your" is the possessive of "you".
..and that's my good points. Getting late in Oz, a bit cranky are we from margin calls? GT :| (serial inane poster indeed! Good show, mate!) serial inane poster=sip Tks.

Eilat Dolphin 10:43 GMT October 22, 2004 Reply   
Looks like the rogue want to breakout all by himself! How sell-fish.

Rivonia PipPirate 10:38 GMT October 22, 2004 Reply   
quito_ecuador_valdez "mos-quito No change! I was about to sell the rumour.
No vampires, but many undead followers of ex-Haiti pres Asteed, and lots of blood-sucking mos_quitos.

Syd Gel 10:36 GMT October 22, 2004 Reply   
your so smug

quito_ecuador_valdez "mos-quito" 10:33 GMT October 22, 2004 Reply   
It is common in "breakouts" (which some still doubt we are enjoying at this time) for certain traders, gurus and self proclaimed medicine men of FX to deny the possibility thereby establishing soothsaid resistances, renewing them day after day. As the breakout proceeds the resistances are therefore upped daily until finally in disgust at their error of not recognizing a breakout, fade into their burrows, eat a little Chinese take out food and stay off the FF a while.

Auckland 10:31 GMT October 22, 2004 Reply   
Eilat Dolphin 10:12 GMT October 22, 2004
Do me a favour and check "help" forum please

Syd Gel 10:29 GMT October 22, 2004 Reply   
Quito Valdez - serial innane poster

LA fxnew 10:28 GMT October 22, 2004 Reply   
cable pro:

what is the target of this downward movment pls
thanks

quito_ecuador_valdez "mos-quito" 10:28 GMT October 22, 2004 Reply   
Rivonia PipPirate 10:11 GMT October 22, 2004// My range for today €/$: 1.00-1.40 GT amigo. I love it! LOFL (where's Rivonia? Do you have vampires like Transylvania?)

Lon 10:26 GMT October 22, 2004 Reply   
it seems the retracement number for the euro is gettiing higher and higher. Current levels are 1.2502, followed by 1.2616 what now is anybodys guess!When this shorts, watch out!

quito_ecuador_valdez "mos-quito" 10:23 GMT October 22, 2004 Reply   
Tks=thanks
TIA=thanks in advance
censored=course explative, bad word, words seldom heard in Sunday school, a broker (same thing)
$%*#!=explative which doesn't get censored
wtf?=What the - - - -? (GEP denoting question/confusion w/ emphasis, otherwise censored)
google it=search for it in Google search engine
w/=with
w/o=without
GMT=Grand Meridian Time (Universal Coordinated Time, Grenwich & Zulu Time)
EZ=Euro Zone
EU=European Union
DrQ=Qindex (a forcasting FREQUENTLY ADVERTISED service on GV)
Pls=please
Pls!=PLEASE!
fubar=fouled up beyond all recognition (relaxed version)
dilligaff=does it look like I give a flying flip? (relaxed version)
Q1, Q2 etc.=1st quarter of the year, 2nd quarter etc.
Fed=Federal Reserve of the United States of America
Gspan=Alan Greenspan, chairman Federal Reserve
BOJ=Bank of Japan
ECB=European Central Bank
G7=Group of 7 industrialized nations (or their representatives)
G5=Same idiots, eliminating the bottom two.
1 buck=$1 Million USD
1 yard=$1 Billion USD

..courtesy of Valdez's GV slang collecton

london 10:18 GMT October 22, 2004 Reply   
Keep an eye on a US jobs report due from the BLS Fri afternoon which breaks down employment numbers by state, says Danske Bank. These numbers don't usually move the markets, but this time around will show whether Sep nonfarm payrolls (which rose 96K) were indeed affected by the hurricanes in Florida and the Southern states. At the time of the payrolls release, economists estimated the hurricane effect at +50K-60K.

opo MW 10:13 GMT October 22, 2004 Reply   
Thanks Dolphin....
Oil is becoming more and more of a problem...got a very interesting report on it few days ago; if u interested in reading it, just ask GV for my e-mail.

Plovdiv Gotin 10:13 GMT October 22, 2004 Reply   
Agree, only my low tg is 1.2030.

Singapore Sfx 10:12 GMT October 22, 2004 Reply   
tks van Gecko .. cheers.

Eilat Dolphin 10:12 GMT October 22, 2004 Reply   
Mos-quito/ E/$ Rogue is cute. What would you think of Clash ?

Rivonia PipPirate 10:11 GMT October 22, 2004 Reply   
"mos-quito" Rumour doing the rounds that you have updated your Euro/$ projection (new abbacus?) from 1-1.4 to 1.001-1.3998. Many cheque shufflers await your response with baited breath. If this post dissagrees with you, just say BO and I'll be out of here. lol

Roumeli anka 10:08 GMT October 22, 2004 Reply   
Hi Gotin... I think it will be traped within the zone 12221/12262. However, I have extreme montly level at 12082, maybe for next week, will see.

KL KL 10:08 GMT October 22, 2004 Reply   
out eurusd 1.2625 +2 pips...today the sl trigger work...never lose on a winning trade a.k.a NLOWT...LOLRF...LOL. reshort at 1.263x if seen

london xyz 10:07 GMT October 22, 2004 Reply   
chinese data was better than expected....


have read several bits of analysis already on it from investment and global banks..numbers beat their expectations and were strong.

Eilat Dolphin 10:05 GMT October 22, 2004 Reply   
MW/ I guess yes, and the UK data won't help either. However I am surprized at the E stability: just a few pips.

My feeling is that the market is trading with terror fears and has been so for weeks. Gold, CHF, CAD and NZ and Oil sustain that theory.

Exemple: how hard would have it been for the Taba terrorists to load their 600 Kg of explosives on a rubber boat and go blow a oil tanker in the middle of the Suez canal, bloking it for a few months ?
See the mess? See the price of oil ?

I can't believe that it didn't happen in the last two years? There are so many producers countries willing to finance such a move. And all that happened was some French tanker that got hit two years ago, off Oman or Aden. It didn't even sink, I my memory serves...

Chicago Goofy 10:03 GMT October 22, 2004 Reply   
Antwerp Tom 09:56 GMT October 22, 2004
Neither of them. I believe fresh bids buid up at 1.2600

quito_ecuador_valdez "mos-quito" 10:00 GMT October 22, 2004 Reply   
fwiw=for what it's worth
GL=good luck
GT=good trades
LOL=laugh out loud
LOFL=laugh out loud (bar talk version)
ROFL=rolling on floor laughing
looney=USD/CAD
aussie=AUD/USD (also ozzie..land of Oz)
swissie=USD/CHF
cable=GBP/USD
rogue=EUR/USD (Valdez's nomenclature..)


22-Oct friday // All times: GMT ex=expected pv=previous
NO USD DIRECT EVENTS TODAY BUT SEE £ & €:

EUR Fr.CPI (MoM SEP F) 6:45 es=0.2% pr=0.3%
EUR Fr.CPI (YoY SEP F) 6:45 es=2.2% pr=2.4%
EUR Fr. CPI-EU Harmonzd (MoM SEP F) 6:45 es=0.2% pr=0.2%
EUR Fr. CPI-EU Harmonzd (YoY SEP F) 6:45 es=2.2% pr=2.5%
EUR Ital. Ret'l Sales s.a.(MoM AUG) 7:30 es=0.2% pr=-0.4%
EUR Ital. Ret'l Sales (YoY) (AUG) 7:30 es=0.4% pr=-0.3%

GBP GDP (QoQ) (3Q 1) 8:30 es=0.5% pr=0.9%
GBP GDP (YoY) (3Q 1) 8:30 es=3.2% pr=3.6%
GBP Indx of Distrbt'n (3m/3m AUG) 8:30 pr=0.2%
GBP Indx of Distrbt'n (3m/Year AUG) 8:30 pr=4.8%
GBP UK Car Production s.a.(3m/3m) (SEP) 8:30 pr=-1.5%
GBP UK Car Production s.a.(3m/year ago) (SEP) 8:30 pr=-4.3%

EUR Indust. New Orders s.a.(MoM AUG) 9:00 es=-0.5% pr=-0.6%
EUR Indust. New Orders (YoY AUG) 9:00 7.9% 5.4%



Antwerp Tom 09:56 GMT October 22, 2004 Reply   
nick, for what it's worth

val 9:45, question for tonight: will profit taking help € shorts or will € short covering outweigh minor profit taking...

van Gecko 09:56 GMT October 22, 2004 Reply   
Singapore Sfx.. if you're short & happy, run a tight 100 pip trail stop & try taking some of down at 1.2200/50.. still not vely nice to go long with Euro having caught up & breaking the 6 month range..
cheers..

OPO MW 09:54 GMT October 22, 2004 Reply   
Good morning...is this short on euro linked to the comments of German Economics minister refering to the slowest economic growth of their economy ? Any ideas?
TIA

romania nick 09:53 GMT October 22, 2004 Reply   
tom, what means fwiw?
tia

LA fxnew 09:52 GMT October 22, 2004 Reply   
too many ppl shorted euro???
it didnt move a bit!!! strange ... while gbp is already down this much

Chicago Goofy 09:51 GMT October 22, 2004 Reply   
Euro will be the star in NY open since it is too quite.
Reason. 1:Loonie usually reflects some move of euro. 2:Its been quite for 24 hr.

Antwerp Tom 09:50 GMT October 22, 2004 Reply   
closed € short overnight @ 2605 +15 and shorted again @ 2625 fwiw GL GT

madrid val 09:45 GMT October 22, 2004 Reply   
Too many people shorting Eur now

Singapore Sfx 09:41 GMT October 22, 2004 Reply   
van Gecko ... Any extreme usdcad downside tgts from here pls ? tia.

Plovdiv Gotin 09:39 GMT October 22, 2004 Reply   
Anka/ How do you see $/SF today?tia

van Gecko 09:35 GMT October 22, 2004 Reply   
Pecs Andras.. Dollaryen breaking 109 had added fuel & credibility to euro's break of the 6 month range.. may see some bounce infront of 107/106.50 after diving for a month from 112, but accidents can always happen if the dollar decides to make a beeline down south..(ie. ala DollarCanada)

Eilat Dolphin 09:26 GMT October 22, 2004 Reply   
mom/ 1.29 + E/$... But Thou also sees diamonds everywhere. ;^)

hk mom 09:20 GMT October 22, 2004 Reply   
Andras It's a myth of a herd who believe to chase a big group who is buying with whatsover reason. As long as "we" are still in the belief to sell USD, the euro will fly on no grounds at all.

Me see 1.2930 by US election.

Roumeli anka 09:18 GMT October 22, 2004 Reply   
Good morning. According to my system, GBPUSD and USDJPY reached the extremes levels alowed for this week. Maybe the safest trades for today.

http://www.ttrader.com/mycharts/display.php?p=27640&u=contrarian&a=contrarian's&id=497

Eilat Dolphin 09:17 GMT October 22, 2004 Reply   
Andras/ I'd call it the Spanish syndrome. Everyone is scared of pre US election terrorism. Typical hysteria, fueled, I must admit by Cheney himself... because it's a winner for him.
But it has no legs.

Pecs Andras 09:14 GMT October 22, 2004 Reply   
van Gecko 09:09 GMT October 22, 2004
How about dollar/yen? Do you still see it as a buy?

Pecs Andras 09:11 GMT October 22, 2004 Reply   
EUR never seems to be driven by EZ data.
Lately even the 2005 modest growth forecast was downgraded by EU officials to 1.5% , and EUR is still on the fly. How does that compare to "bad" UK growth numbers???

Rivonia PipPirate 09:09 GMT October 22, 2004 Reply   
Alicante RTN 08:51 Could I also enquire if you know of anyone looking for a consignment of second hand sillicon breast implants, mucho grande condition. tia

van Gecko 09:09 GMT October 22, 2004 Reply   
thel Europeans curriencies had now level shifted vs the Dollar..
bulls & bears can expect some near term 'blip & tease consolidation' by the Dollar prior to pushing down to the next zzz'iesta leg..
that eccentric old fella Gbp saying good buy to those sub 1.80 summer levels had now attracted additional players waiting to buy dips infront of 1.81 to join ranks with her Majesty's loyal soldiers on their merry long march back to the year highs..
cheerios..


Eilat Dolphin 09:09 GMT October 22, 2004 Reply   
Nick/ Sexobank. And their charts are even cuter.

Tallinn viies 09:06 GMT October 22, 2004 Reply   
after todays price action (or non-action), left order to sell more euros at 1,2649 and no stop before 1,27 traded
fwiw

Gen dk 09:05 GMT October 22, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

romania nick 09:04 GMT October 22, 2004 Reply   
Eilat Dolphin // where do you see those news?
thanks in advance

Syd 09:03 GMT October 22, 2004 Reply   
london xyz same crowd that said Bush had a stroke ,china figures werent as hot as expected ,but not bad either.

Eilat Dolphin 09:02 GMT October 22, 2004 Reply   
euro industrial order at -.6% exp -.5% . Reaction: none.

Alicante RTN 09:02 GMT October 22, 2004 Reply   
none what so ever

Rio Grande Sergio 08:56 GMT October 22, 2004 Reply   
Alicante RTN 08:51...do you have any interest in brazilian shoes?

Alicante RTN 08:51 GMT October 22, 2004 Reply   
Cable still able to hold onto support at 1.8250, but if this does not contain, some short USD pos will undoubtedly be moved to EUR or CHF, imo.

Sydney Alimin 08:47 GMT October 22, 2004 Reply   
lol, if the dip in sterling is used to buy more then it is bad news for dollar today again, too early to call though...shall wait

wellington am 08:45 GMT October 22, 2004 Reply   
sterling is now strengthing against cross trades. it's not a sell. should be easy money shorting AUDGBP NZDGBP CADGBP

london xyz 08:41 GMT October 22, 2004 Reply   
syd......that comment about concern over chinese data is rubbish from that newswire.

chinese data was strong, and beat expectations, both gdp and monthly IP and retail sales.

UK honyx 08:38 GMT October 22, 2004 Reply   
thanks Zorro, i shall wait for your response

UK honyx 08:37 GMT October 22, 2004 Reply   
if you had sold gbp and bought usd at .8275 you would have cleared as high as 40pips

EU ZORRO 08:36 GMT October 22, 2004 Reply   
UK honyx 08:26....it's not clear yet...I will inform you...

KL KL 08:36 GMT October 22, 2004 Reply   
looks like 1st warning sign r here so short eurusd 1.2626 sl 10 above

Pecs Andras 08:35 GMT October 22, 2004 Reply   
This market is just plain stupid to sell sterling on these numbers. Look at eur/gbp

UK honyx 08:34 GMT October 22, 2004 Reply   
the news is out, the gbp/usd is down to .8245

Pecs Andras 08:32 GMT October 22, 2004 Reply   
A touch softer gdp nos but still way better than EZ

sofia anmart 08:31 GMT October 22, 2004 Reply   
eur/gbp-0.6910. we buy at the market for 0.6945.

Syd 08:30 GMT October 22, 2004 Reply   
UK Preliminary 3Q GDP +0.4% On Qtr; +3.0% On Year

Eilat Dolphin 08:30 GMT October 22, 2004 Reply   
UK: GDP 2 Q estimates are : .5, .6, .7, take your pick... but wait...

LA fxnew 08:28 GMT October 22, 2004 Reply   

are there news coming out for UK or US ????

Thanks

UK honyx 08:26 GMT October 22, 2004 Reply   
ZORRO: what about the GBP/USD, what do you reckon, what is the forecast.

JHB CDB 08:26 GMT October 22, 2004 Reply   
Question too the forum:

Could the 8:30 GMT UK GDP actually move the EUR?

Alicante RTN 08:25 GMT October 22, 2004 Reply   
Cable struggeling to maintain pressure over 1.83 and eurgbp testing res at 6907. Perhaps some concern in the market abt strength of 3 Q GDP?

Chicago Goofy 08:23 GMT October 22, 2004 Reply   
Pullback or advance? I am confused.
But I sit again in front of monitor this time.

Sydney Alimin 08:21 GMT October 22, 2004 Reply   
EU ZORRO 08:18 GMT October 22, 2004

yeah let's go...after you, friend :)

Syd 08:21 GMT October 22, 2004 Reply   
Gold drifted slightly lower Friday in Asia on patches of selling from Japan. A trader with a major British bank in Sydney said the pullback,on the back of long liquidation by Tokyo Commodity Exchange players, pre-weekend "position squaring." Going into the weekend, market participants broadly expect the yellow metal to remain reasonably well bid, unless the euro begins to give back a significant portion of its recent gains against the U.S. dollar. Given recent concern about whether speculative funds are overextended in the bullion market, players are liable to take a very close look at the weekly Commitment of Traders report from the Commodity Futures Trading Commission in the U.S. This is due out after the close of open outcry trading on the Comex at 1730 GMT.
A large increase in the net speculative long position on Comex, coupled with any other bearish sign for gold, could see the yellow metal start next week on the back foot, a Sydney trader said. According to analyst James Moore of TheBullionDesk, another "cause for concern" is Friday's report on Chinese economic growth, which showed gross domestic product expanding at 9.1% in the third quarter, the slowest pace in more than a year. AP








Tallinn viies 08:19 GMT October 22, 2004 Reply   
EU ZORRO 08:18 GMT - of course :)

EU ZORRO 08:18 GMT October 22, 2004 Reply   

...correction...range for 2005 will be 1,30 - 1,40...

...Keep buying EUROS friends....!!!!

Auckland 08:17 GMT October 22, 2004 Reply   
london xyz 07:34 GMT October 22, 2004
Tell me please where did you find chinese data???

EU ZORRO 08:15 GMT October 22, 2004 Reply   
Good morning all....!!!!

..IMO no top in place...

...a weekly close above 1,26 open the gate to 1,29 in the next weeks....the run could be preaty quickly...

...1,25 is a good level to long EUROS for the next two years...I saw 1,25-1,40 range for 2005

JHB CDB 08:15 GMT October 22, 2004 Reply   

I thought I could buy it :-)

Tallinn viies 08:14 GMT October 22, 2004 Reply   
JHB CDB 08:12 GMT - dont have it

JHB CDB 08:12 GMT October 22, 2004 Reply   
Tallinn viies

Do you perhaps have a six-sense when this res will break and we can se the EUR/USD moving closer to the 1.27 mark ? (News, tech data) ??

hk mom 08:09 GMT October 22, 2004 Reply   
so hard for my lovely euro to go to 1.2565 now.
Chase it here? me think so!

JHB CDB 08:06 GMT October 22, 2004 Reply   
Thank You

Tallinn viies 07:54 GMT October 22, 2004 Reply   
JHB CDB 07:00 GMT - sup at 1,2600/05; 1,2570/75 and 1,2450/55. res 1,2650/55 and 1,2705/15.

london 07:53 GMT October 22, 2004 Reply   
Middle Eastern Offers take Euro back under 1.2620

PAR 07:50 GMT October 22, 2004 Reply   
After yesterdays blockbuster UK retail sales expect even better UK Q3 GDP data if UK economists took enough Prozac to last two days.

cebu praetorian 07:49 GMT October 22, 2004 Reply   
good day traders... any data coming today?

NY Levon 07:48 GMT October 22, 2004 Reply   
oh, thanks, didn't know about that.

cebu praetorian 07:48 GMT October 22, 2004 Reply   
good day traders....

london iain 07:46 GMT October 22, 2004 Reply   
8.30 gmt. british summer time (bst) is an hour ahead = 9.30am UK time, hence confusion.

NY Levon 07:43 GMT October 22, 2004 Reply   
Isn't UK GDP coming at 8:30 Gmt?

Syd 07:42 GMT October 22, 2004 Reply   
london xyz just putting my wish list in for today, you never know in this game

GER ad 07:40 GMT October 22, 2004 Reply   
09.30 GMT U.K. Q3 GDP

london xyz 07:40 GMT October 22, 2004 Reply   
BDQ..nothing really in the US.

the big data is already out for today, that from china as mentioned below.

NY Levon 07:40 GMT October 22, 2004 Reply   
HI. what is the Brit GDP that came out? Any news?
Thanks.

BDQ 07:38 GMT October 22, 2004 Reply   
any data coming out today? if yes, then at what time GMT?

london xyz 07:37 GMT October 22, 2004 Reply   
syd...would be nice to get a dip to buy again for all ccys.

if 1.2650 goes on a daily close basis, doubt there will be any meaningful pullback for a while.

Syd 07:35 GMT October 22, 2004 Reply   
What we need is a bit of Air taken our of the Euro so it can go on its merry way about 200 pts of air lets say 1.24

london xyz 07:34 GMT October 22, 2004 Reply   
chinese data overnight strong again, both the monthly IP and retail sales and the Q3 GDP

also chinese copper imports were up 43 pct in september.



chinese data will become evrer more important in a macro sense for all markets, so get used to looking out for their numbers.

KL KL 07:32 GMT October 22, 2004 Reply   
I think gbp will lead the way today....lower so buying opp if you r bullish.IMO it is topping and I still will sell if gbp goes above 1.8320. Today is quite an important day to determine next week move...I see many rocket running out of fuel so need to come back to station to refill.

Viies - just for argument sake if US release stockpile. Any one know how many months is US oil stockpile?? I heard 3-6 months...I am looking to short oil/gold big time close to 58-60. Both oil gold offer interesting options now....nice to be cashed up for once.

Wien GD 07:31 GMT October 22, 2004 Reply   
Chicago JMI: imho the first "considerable" pullbacks will happen 2-5 days before election - if there is no event.
Because each dip will immediately be bought by folks betting on the fear infront of election ++ trend confirmed by the chart ++ bad us fundamentals.
This is the reason why all that hedgies went long no ... and they WILL buy each dip ... don't you "feel" that?
ALL currencies against usd behave the same way - why?!

Only really good news for usd or intervention will cause considerable pullbacks - and imho even that will be used as buying opportunity - it depends on your pocket and trading style ... because the base trend for usd is down ... and the outlook after elections IS indeed bad.

UK honyx 07:30 GMT October 22, 2004 Reply   
any ideas where the GBP/USD is heading for, I need advice

london xyz 07:30 GMT October 22, 2004 Reply   
gold coast martin


your long standing bearish aud call of 63c by mid nov...notice you've gone a bit quiet on that one.....and nzd to 59c by year end.


the yen also seems to have rallied precipitously through your levels.


care to comment?

Melbourne Qindex 07:30 GMT October 22, 2004 Reply   
EUR/USD : Short term upside target is 1.2717 and the downside target is 1.2511. We are now in the middle of the road.

london 07:22 GMT October 22, 2004 Reply   
Confession from a born-again? dollar bull


Barcelona Tony 23:14 GMT October 21, 2004
Qindex,

with all respect, that euro possie, or whatever long $ possie, may have identic result as last december's .... lot of people longing the $ "just because it was very oversold" ... and stops were hit day after day ... till the good move down came ... be careful with those possies, it is happening this time again. It looks as if everyone were to be long euro or gbp and short $ ... but the fact is that people is hurrying to sell euro and gbp whenever they raise 100 pips ... and they are going burst once again cos their stops are being hit AGAIN ... be careful .. GL GT

PS : I'm facing the situation myself, not very happy myself, that's why I post this advice.. And btw, if I'm not mistaken, gbp guru farmacia should be sold from around 1.81's .... nice ride down in equity for him too.

SAIHAT 07:20 GMT October 22, 2004 Reply   
any one see euro is boiling

Chicago JMI 07:06 GMT October 22, 2004 Reply   
Wien GD 06:58 GMT October 22, 2004
Euro went that high that fast last year because it was taking out new highs. It's not the same thing right now. There are confluences of resistance so a retracement is likely. If 1.30 is cleanly broken, one could expect a long steep trend.

Sydney Alimin 07:04 GMT October 22, 2004 Reply   
well gbp has silently gone up, perhaps it is leading the way today to hit dollar again

JHB CDB 07:00 GMT October 22, 2004 Reply   
Tallinn viies

Good mornign all,

Could you please let me know what your current RES & Sup lines on the EUR/USD are ?

Tallinn viies 07:00 GMT October 22, 2004 Reply   
Wien GD 06:58 GMT - I share your view. just intraday short.

Wien GD 06:58 GMT October 22, 2004 Reply   
Tallinn viies: would NOT bet on that ... that the eur comes down.
Take a look at the charts last year late autumn ... also aud, nzd or gbp ... imho once such a strong trend/move is in place ... they go off like rockets, they go up on "stairs" - "up - sideways - up - sideways - up ... ) means (IF!!!) only small pullbacks.
Last year (my 1st fx year) i got wiped out several times, because i hoped for the usual pullbacks.
This time I'm all the way long ... only changing positions: f.e. iterate between 2-5 longs.

Tallinn viies 06:56 GMT October 22, 2004 Reply   
BDQ 06:25 GMT - fundamentally oil has ran too far from the "fair" value. technically there is still lot of momentum to keep going higher.
crude may test today 55,50. if close over this level next week targets are higher again. if close today under 55,00 then chances growing that good correction due. for me move under 54,00 marks level where selling pressure should increase and correction toward 50,00 may begin

Tallinn viies 06:49 GMT October 22, 2004 Reply   
Singapore MJM 06:26 GMT - would love live in Asia. warm and nice. weather here is awful right now.

correction may come today but it may also go higher if previous day high is taken out., maximum high today by my calculation still should stay under 1,2720. lets see.

Tallinn viies 06:38 GMT October 22, 2004 Reply   
KL KL 06:31 GMT - contra means that In my view currencies have certain value by fundamental and technical reasons. most of the time prices fluctuate around the value. noise or whatever we call it doesnt give us good idea where this value correctly stands.
right now I feel that short term euro is overpriced (maybe not). after time passing this value here maybe correct again or even underpriced.
so sold euros because I think we need to cool down first to get higher again later .

KL KL 06:31 GMT October 22, 2004 Reply   
viies, care to explain this contra sell?? I have been hearing this occasionally? It is not covering your possie?? Does it mean your primary trading account trade in USD and you need to balance it to your prefered currency?? am i correct ...Please explain..tia

Singapore MJM 06:26 GMT October 22, 2004 Reply   
viies// No killer fx-waves yet.. Singapore is cheaper, nicer and friendlier.
Used to leave here before. Agree with you trend is up on EUR/USD, but
correction shld come first. GL!

BDQ 06:25 GMT October 22, 2004 Reply   
What's the forcast for OIL?

BDQ 06:24 GMT October 22, 2004 Reply   
been out of touch from the maket for 3-4 days. So is the EUR/$ pair expected to come down or rise again?

sofia anmart 06:22 GMT October 22, 2004 Reply   
EUR/USD-1.2630. We buy at the market for 1.2670

Tallinn viies 06:18 GMT October 22, 2004 Reply   
Singapore MJM 06:05 GMT - nice to see you. thought already that killer FX waves catched you :)
good to know you are alive and in new location.
this short euro is contra sell only. Im mega bull by scenes.
have been buyer all the way from 1,1750.
one day discovered that why the heck my profits doesnt move in correlation with my position and how the rate moves. discovered that all the profits in dollars and that I need to take bigger short positions on dollar just to get profit also hedged :)
nice problems, dont you think?

KL KL 06:09 GMT October 22, 2004 Reply   
Tallinn viies , sorry I thought I saw 1.2585...ignore message

Togliatti Ant 06:06 GMT October 22, 2004 Reply   
Tallinn viies, sometimes cable lifts eurusd, as it was yesterday after UK data

KL KL 06:06 GMT October 22, 2004 Reply   
Tallinn viies , WHY risk 60 pips for 40 + pips gain?? Reasons for doing it?? Would you long it later when you hit your target?? I am looking to short everything under the sun today...from my experience I think 3 to monitor is enough max 4...otherwise eyes will be flashing. The worst is when you have one long 3 short and get confuse which one to and how to cover...happen once when I dug a deeper hole to my losses...LOL

Singapore MJM 06:05 GMT October 22, 2004 Reply   
viies// Yes, Mario. In Singapore since 15/06/2004.

Tallinn viies 06:03 GMT October 22, 2004 Reply   
Singapore MJM 05:53 GMT - Mario?

Tallinn viies 06:03 GMT October 22, 2004 Reply   
Togliatti Ant 05:53 GMT - cant see any connection of UK data and eurusd.
probably Im taking things too primitively :)

Rivonia PipPirate 05:53 GMT October 22, 2004 Reply   
G/Y 19779-19736-19700-19580-19540-19503 IMO

Singapore MJM 05:53 GMT October 22, 2004 Reply   
viies// Good morning.. I agree with you (short from 1.2620 and my
target is 1.2500.. GL! (Formerly London/MJM)

Togliatti Ant 05:53 GMT October 22, 2004 Reply   
Tallin, agree with you. do you thing good UK data could lift eurusd?

Tallinn viies 05:46 GMT October 22, 2004 Reply   
good morning world.
selling the euro is adviced today. top may be in place for few days. sold at 1,2607
stop at 1,2667.
target 1,2475/85

ICT ML 05:43 GMT October 22, 2004 Reply   
Anyone got a feel for UK GDP coming up? Retail Yday did well....will GDP surprise to upside as well?

Syd 05:42 GMT October 22, 2004 Reply   
IMM Trader Commitment data out later today may unnerve a few longs showing an even greater build-up of spec longs. Never-the-less the trend for a higher EUR/USD is in place and buying corrective dips towards 1.2500 is the preferred strategy

hk mom 05:42 GMT October 22, 2004 Reply   
Today, euro buying will be tried at 1.2565-68.

Sydney EM 04:54 GMT October 22, 2004 Reply   
gold coast martin do you get much sleep falling asleep on the job is quite a hazard especially just before some important data to wake up 15minutes later and missed the move

LA fxnew 04:51 GMT October 22, 2004 Reply   
what time is the speak ??? thanks

nyc sa 04:46 GMT October 22, 2004 Reply   
Trichet is going to speak at a european bankers conference so watch the news for ant clues as to direction .Also Britain GDP is scheduled tomorrow ,might give some clues for the pound direction.

gold coast martin 04:45 GMT October 22, 2004 Reply   
Sydney EM. 04:37 GMT October 22, 2004
lol....NAB were given correct advice ..its just that the "in house" forex gods decided to alter the timeframe..thus 360mill.in red....g/t

Sydney EM. 04:37 GMT October 22, 2004 Reply   
A pile of Aussie options expiring today 7330 7310 7345 some fairly large. also Euro 1.23 1.24.50 1.25 NY cut.

GC .. NAB couldnt even give themselves good advice :-)

tulsa st 04:34 GMT October 22, 2004 Reply   

NY AMC -- looks like both our teams let us down...I'll be back in Houston on Sunday...good trades to you and all on FF...

Chicago JMI 04:29 GMT October 22, 2004 Reply   
Euro isn't going to pullback, is it?

Melbourne Qindex 03:59 GMT October 22, 2004 Reply   
EUR/USD : The market is not in full gear. It moved only half a step forward to 1.2627 (half-way beltween 1.2618 - 1.2636) and now it is trading below 1.2618.


EUR/USD : Daily Cycle Quantized Levels


... 1.2453 ... 1.2508 ... 1.2545 // 1.2563 - 1.2581 - 1.2599 - 1.2618 - 1.2636 - (1.2655 - 1.2673) - 1.2692 - 1.2710 // 1.2728 ...

gold coast martin 03:58 GMT October 22, 2004 Reply   
Juneau CAR 03:46 GMT October 22, 2004
Whichever variable is giving market direction at the moment,one thing is for certain...there will be a lot of fund managers who increased their exposure recently to forex, lining up at Frankies soup kitchen in NY by years end....g/t

Juneau CAR 03:46 GMT October 22, 2004 Reply   
Good post Eilat.

Yea, I don't think any of us has a clue. Too many big variables we havn't seen before. Very confusing times.

Countries acting as hedge funds and hedge funds increasing and USA with massive debt. And asia!

hk mom 03:32 GMT October 22, 2004 Reply   
Honey, why are you always opposite to my trading positions?
euro did not go to 1.2535 as expected and now the curve is very steep. Me think it will go pass 1.2650 sooner rather than later.

Eilat Dolphin 03:17 GMT October 22, 2004 Reply   
Zoltan/ Yestrady I gave a few numbers of what the biggest fourteen banks saw as three, six and twelve months horizon for the E/$

The median was 1.25 for three and six months, then 1.30 for twelve.

But that was the median, the variations were wild, USB and Morgans Stanley were 10 big figures apart on any time frame, Bank of Scotland and Deutche bank(possibly another) ranged from 1.40 to 1.17 on the twelve months.

In other words no one knows WTF is going on, and even less, what will happen, but they all do sell advices for good money.

It must be funny when financial personnels switch from one bank to another with opposite views. What do they do, they brainwash him ?

There were also numbers for the $/Y, but I didn't bother to look...

wisconsin tim 03:12 GMT October 22, 2004 Reply   
Projections for 10/22/2004
Date Currency Close R1 Close S1 R1 High S1 Low
10/21/2004 AUDUSD 0.7425 0.7341 0.7449 0.7318
10/21/2004 EURGBP 0.6923 0.6888 0.6951 0.6871
10/21/2004 EURUSD 1.2691 1.2581 1.2729 1.2543
10/21/2004 EURYEN 136.04 135.04 136.63 134.92
10/21/2004 GBPUSD 1.8367 1.8209 1.8388 1.8118
10/21/2004 GBPYEN 196.93 195.50 197.51 195.10
10/21/2004 NDZUSD 0.6981 0.6900 0.7004 0.6881
10/21/2004 USDCAD 1.2468 1.2366 1.2519 1.2336
10/21/2004 USDCHF 1.2215 1.2085 1.2265 1.2051
10/21/2004 USDYEN 107.76 106.79 108.57 106.71

gold coast martin 03:06 GMT October 22, 2004 Reply   
Ltn th 03:01 GMT October 22, 2004
May be i should have put it more diplomatically..they need to comply with legislation in their fx advice......but same result....g/t

Ltn th 03:01 GMT October 22, 2004 Reply   
Martin. I would take issue with your comment about "..relieving their clients..." in case of ANZ. In my experience they have been very solicitous of their business customers welfare and their fx advice to them has been very good over the last 10 years or so. I admit they may have been a bit more cagey since their NZ aquisitions though.

knoxville dan-k 02:58 GMT October 22, 2004 Reply   
u think it will hit that mark, the $ yen

Baltimore Zoltan 02:57 GMT October 22, 2004 Reply   
Hi all,

My first post here, been watching this forum since last Nov., had a demo account since. I've opened a mini account 4 weeks ago, been trading very catiously. I'm now at break-even after being up 5-15% at most for a while. I'm learning so much from you guys, I really appreciate all your effort in educationg us newbies. See you all around

ny amc 02:54 GMT October 22, 2004 Reply   
Buyusdjpy at 107.35 again will be a steal, of course IMO

Baltimore Zoltan 02:53 GMT October 22, 2004 Reply   
Just out in newsfeed:

UK PRESS
UK PM Tony Blair offered Gordon Brown an...
UK PRESS: UK PM Tony Blair offered Gordon Brown an astonishing pact
under which he would stand down as Prime Minister before the next
general election if the Chancellor threw his weight behind a plan to
take Britain into the single currency the Times reports. The deal is
revealed in a book by Clare Short the former cabinet minister and a
close Brown ally who was twice used as a go-between by Blair to propose
the remarkable trade-off with the Chancellor. Brown bluntly rejected the
idea refusing to put his personal ambition before Britain`s economic
interests and insisting the country was not ready to join the euro.

hk dad 02:51 GMT October 22, 2004 Reply   
Barcelona Tony 23:14 GMT October 21, 2004 good to see you had seen the almighty light! LOL! the dollar had only dropped 5 figures across the board in the last 2 months, great risk/reward opportunties for dollar bulls here with delusional exit strategy in place.

gold coast martin 02:49 GMT October 22, 2004 Reply   
Sydney EM 02:40 GMT October 22, 2004
That is precisely it...the 80 call was when it was 68....in august /september the spiel changed....anyhow dont read too much into it,,,it is just bank spiel to customers to relieve themof their dollars....their "internal position" is the opposite of the one to their custys...a bit like forex brokers.....good trades and have faith in your plan....

Sydney EM 02:40 GMT October 22, 2004 Reply   
thats me below

Sydney 02:40 GMT October 22, 2004 Reply   
gold coast martin i wont be able to find it now, but quite the opposite to what I have been reading , also interviewed when on business chanels they were saying the same thing, infact one commentator made a point that the ANZ Bank are one calling for 80cents when it was down at 68cent

gold coast martin 02:35 GMT October 22, 2004 Reply   
FWIW..In their corporate newsletter for august/september ANZ were advocating a weakening in the dollar for the next 2-3 months...down to 64 by end of year,,,,a view that was/is shared by the NAB and Commonwealth....right now they may be covering their a$$$$$....g/t

Melbourne Qindex 02:35 GMT October 22, 2004 Reply   
Melbourne Qindex 01:33 GMT October 22, 2004
EUR/USD : In the mean time the market is going to vibrate around 1.2599 with an expected magnitude of 1.2581 - 1.2618.


The market is now vibrating around 1.2618 with an expected magnitude of 1.2599 - 1.2636.

Sydney EM. 02:34 GMT October 22, 2004 Reply   
Ltn th see your point, these are "analysts' for fx clients desk and this chap was looking for 80cents by christmas - quite honest going to ignore this type of chatter only fu.cks with my mind just stick to my plan .data out of china was ok for commoditiies hasnt caused any waves. good luck lets hope your right about the 10 big ones

Melbourne Qindex 02:30 GMT October 22, 2004 Reply   
EUR/USD : Current Comment.  Register with Jay at [email protected] if you have no access to my page.

Ltn th 02:25 GMT October 22, 2004 Reply   
EM// Apart from possible exposure, I did not mean to be cynical. I wondered if their classification was based on administrative details or degree of control or hedging etc. Would be very surprised if they didnt have plenty of AUD's to sell to the likes of McQ or some european insurance funds.
Re the entry at sub 70's. There is still the possibility of 10 big ones by Jan.

knoxville dan-k 02:21 GMT October 22, 2004 Reply   
if anyone has read the china news i would like to know how it is going to effect the $/yen, any opnions pls, tia

Melbourne Qindex 02:10 GMT October 22, 2004 Reply   
Melbourne Qindex 02:10 GMT October 22, 2004
EUR/USD : Daily Cycle Quantized Levels


... 1.2453 ... 1.2508 ... 1.2545 // 1.2563 - 1.2581 - 1.2599 - 1.2618 - 1.2636 - (1.2655 - 1.2673) - 1.2692 - 1.2710 // 1.2728 ...

Melbourne Qindex 02:09 GMT October 22, 2004 Reply   
Melbourne Qindex 02:09 GMT October 22, 2004
EUR/USD : Daily Cycle Quantized Levels


... 1.2453 ... 1.2508 ... 1.2545 // 1.2563 - 1.2581 - 1.2599 - 1.2618 - (1.2655 - 1.2673) - 1.2692 - 1.2710 // 1.2728 ...


Sydney EM. 02:07 GMT October 22, 2004 Reply   
Ltn th I notice they talk medium to long term and at this level its a little too late for that, better under 70 , so cant see how what they are saying is relevant for now

Melbourne Qindex 02:04 GMT October 22, 2004 Reply   
EUR/USD : Speculative selling will increase if the market is trading below 1.2579.

Ltn th 01:51 GMT October 22, 2004 Reply   
EM// How would ANZ distinguish between myriad short term and medium/long term longs?

quito_ecuador_valdez "mos-quito" 01:49 GMT October 22, 2004 Reply   
...well, I'm brushing my teeth..does that count? Taro, when the site is launched there will be a list of contributers on the first page. If you would like to contribute (as you so graciously have in the past), please email me. I'll give you the outline. I need someone like you in Montreal with an inside banking contact...I don't have one for your region. Your contributions would be signed "anonymous" of course.

I want to open this world up a little.

Sydney EM. 01:44 GMT October 22, 2004 Reply   
ANZ say they are unprepared to ignite medium- or long-term AUD longs until there's greater clarification on USD direction saying it continues to be hostage to USD direction,traditional drivers (base metal prices, RBA bias) which have fueled rally off range lows have now evaporated and other factors coming to the fore ..


Well not quite sure what to make of that ,as I was looking to go long in the low 73 area. Anyone can give their views on that statement they have just put out would be appreciated.

Santo Domingo tht 01:43 GMT October 22, 2004 Reply   
Taro he's gone he signed off 01:33

Montreal Taro 01:42 GMT October 22, 2004 Reply   
quito_ecuador_valdez//who are the other trader part of the concortium ? And I didn't mean that you promote your site in a bad way !!

quito_ecuador_valdez "mos-quito" 01:39 GMT October 22, 2004 Reply   
Taro//Sorry! that's you! And I was not promoting my website as I don't make a penny on it..it costs me in fact (bandwidth fees). I was just trying to do what I set out to do and that's give folks a center of free information. If you say I'm promoting my website it would only be for that end. I have no other interest than helping FOR FREE other traders, especially newer ones. I'm putting together yet another one with some other traders as a consortium of ideas on another host, free of course to use/copy in any way one wishes. Launching in Dec. GV will be our top link as GV is THE ABSOLUTE BEST in its field.

Melbourne Qindex 01:33 GMT October 22, 2004 Reply   
Melbourne Qindex 01:33 GMT October 22, 2004
EUR/USD : In the mean time the market is going to vibrate around 1.2599 with an expected magnitude of 1.2581 - 1.2618.

quito_ecuador_valdez "mos-quito" 01:33 GMT October 22, 2004 Reply   
I've got to go, getting up at 0300 my time here to get in on last of Asian session's surprises and to chat with contacts on their time frame. Before I sign off, I want to stress how important it is for those here to make friends and contacts in other countries for news sharing. La Mel brought up a good point today..he met someone at a FX convention years ago and they shared extremely valuable information and shared services for years, quite profitably. FX pros have to have networks.

GV is a gold mine for such networking. Merely ask for someone's email from them through Jay at GV. ([email protected]) and likely you'll have another contact/friend. Were it not for this network I've developed over the last 9 years, I would be just as paralysed as the next guy. And it works both ways. Nuff said,

Valdez signing off

Montreal Taro 01:31 GMT October 22, 2004 Reply   
quito_ecuador_valdez//Thank you mate. And btw that was a good way to promote your website. way to go

P.S You still didn't fixed my name yet. LOL

quito_ecuador_valdez "mos-quito" 01:22 GMT October 22, 2004 Reply   
Taro// I get tons of news, 4 free streams, all free online. I get all the mainstream news. If you subscribe to Reuters they have a pretty good quick stream of super current feed..I hear. I don't pay Reuters...I get it second hand within a minute on yahoo messenger or my own private chat room from a friend who does...and even that isn't necessarily "good". So simply check all the news and certainly hang out on the "Analysis & News" section of GV as well as their super good Treasury Forum. A good free news source for lots of news links is www.cuencanet.com/financialex.html...look in the forex section. The GV Learning Center this winter will have a lot of sources.

Qindex// Dr. Q stresses there is a difference the way a day trader and a position trader uses information. How true. Sometimes it can even be opposite. I get by your post that the middle 1.26s are unstable...reaffirming my belief. Thank you! Dr. Q, certainly you have contacts in middle European banks and newer EU members banks (CBs and otherwise), you might want to ask them about USD flow as of late...

Melbourne Qindex 01:22 GMT October 22, 2004 Reply   
Melbourne Qindex 01:22 GMT October 22, 2004
EUR/USD : The critical level of my daily cycle is located at 1.2655 - 1.2673. The upper barrier is positioning at 1.2710 // 1.2728 and the lower barrier is expected at 1.2545 // 1.2563.


... 1.2453 ... 1.2508 ... 1.2545 //1.2563 - 1.2581 - 1.2599 - 1.2618 - (1.2655 - 1.2673) - 1.2692 - 1.2710 // 1.2728 ...


The odds are in favour of taking a short position when the market is trading below the critical level at 1.2655 - 1.2673.

Melbourne Qindex 01:12 GMT October 22, 2004 Reply   
EUR/USD : When the market is trading above 1.2655 the odds are in favour of taking a long position for day traders today. For position traders I have to wait for the rate at the end of New York session today for further analysis. The uncertain range is 1.2650 - 1.2660.

Montreal Taro 01:11 GMT October 22, 2004 Reply   
quito_ecuador_valdez "mos-quito"

Can you give me a place where I can see the news for the day/week ?

I use to go to forex.news, but it seems they do not have all of them(compare to your list).

melbourne farmacia 01:09 GMT October 22, 2004 Reply   
Barcelona Tony 23:14 GMT October 21, 2004

With reference to PS:
No I didn’t sell into cable @ 1.8100…. my 12:24 GMT October 19, 2004 post related to “if seen tonight” being @ the top off current channel at the time…. & 02:51 GMT October 21, 2004 “scaling out on momentum breaks” .. Meaning locking in pips once technical points are hit….. GT

quito_ecuador_valdez "mos-quito" 01:05 GMT October 22, 2004 Reply   
gold coast martin 00:58 GMT October 22, 2004
I could not have summed it up better. It isn't dooms day, it's just that this could go either way. All I'm saying is be prepared, as any good trader would, with a well thought out entry/exit plan, just as martin said. Nothing's going to blow up if you trade with calculation and safety...like you're supposed to. Trend changes happen all the time, no one dies, lots make money. That's what this is about...making you cautious so you can.

quito_ecuador_valdez "mos-quito" 01:01 GMT October 22, 2004 Reply   
I think I'm just stressing that there is a lot of 'backpressure' building up under the ground and not in everyone's view (well...some) that many (most) are unaware of. So I'm making you aware enough to be more cautious, not to scare you. Sometimes things are not as they seem to the obvious eye, all I am posing is that I feel this perhaps is one of those times. If you count the number of copies of "short at 1.2650" you've seen parroted here in the last day or two, people actually begin to believe/accept something if it is said enough (ask Pravda). Be curious...look at the 30 day chart..does it show any sign whatsoever of heading down? No. Would you short a rising chart? No, not for the long run..maybe to pip raid only. So? Check the 30 day €/$ chart. Pretend you never saw it before. And you would short it for long term? No.

Hey, pip raiders will always pip raid, good ones will always make money in just about any situation, be it weird or not..that's their art..we aren't talking that here..we're talking positions, trend. If you want to short at this time, then short. Good luck, hope you win some pips. All I'm saying is be careful of a trend dog biting your afterburner if you overextend money and time.

gold coast martin 00:58 GMT October 22, 2004 Reply   
In a market that is not confirming a long term uptrend yet nor a downtrend,it is easily for a trader to develop paranoia in trying to identify the source of the move ..Such paranoia may lead to losing focus of ones original thoughts and position...Whether its pre-election jitters,funds,oil,or a traditionally weak dollar october it does not matter...if you have taken a position stay focussed,patient and always have an exit strategy in place...this is the best antidote for paranoia....good trades to both sides of the fence....

Montreal Taro 00:54 GMT October 22, 2004 Reply   
quito_ecuador_valdez "mos-quito"

Can you give aplace where I can ee the news for the day/week ?

I use to go to forex.news, but it seems they do not have all of them(compare to your list).

quito_ecuador_valdez "mos-quito" 00:46 GMT October 22, 2004 Reply   
oskar//no trick. GT. I don't need to "prove" anything to you nor anyone else. You can take my posts or not. Like GV John and Jay say, if you don't like a post, ignore it. What info do you have by the way that you would like to share? I'm not being fecisious, I'm here to get news and info and insights to add to my collective trading skills.

oslo oskar 00:41 GMT October 22, 2004 Reply   
ah yes, mos-quito, the old BFB trick.

quito_ecuador_valdez "mos-quito" 00:41 GMT October 22, 2004 Reply   
once a minute?

quito_ecuador_valdez "mos-quito" 00:37 GMT October 22, 2004 Reply   
EM// tks mate. I am flat by the way, I wouldn't wager a trade in this climate if it was free money. Do you realize the volume of €/$ shorts and other XXX/$ shorts that are accumulating? Forget indicators and fundamentals, be cold & mechanical like a steel machine & untrusting in the "norm". What's that tell you, coupled with mainstream ECB stance news of the day & a little inside stuff from me? Massive stop hunt about to engage $ bulls head on. Don't be sucker punched & don't wager much or for long...keep that index finger on the mouse button if you want to play. If what I feel is true, be prepared. If it isn't, business as normal. No one loses.

Melbourne Qindex 00:37 GMT October 22, 2004 Reply   
EUR/USD : Current Comment.  Register with Jay at [email protected] if you have no access to my page.

Melbourne Qindex 00:36 GMT October 22, 2004 Reply   
EUR/AUD : Current Comment.  Register with Jay at  [email protected] if you have no access to my page.

Sydney EM. 00:28 GMT October 22, 2004 Reply   
quito_ecuador_valdez "mos-quito" thanks and like your site

quito_ecuador_valdez "mos-quito" 00:28 GMT October 22, 2004 Reply   
oslo oskar 00:22 GMT October 22, 2004//Sorry, I can not. Trusted friends placed in critical positions. You can poo poo this all you wish and get away with it..just trying to post to warn of any silly stuff here. GT. Time will tell. Not everything that happens worldwide hits the news.

quito_ecuador_valdez "mos-quito" 00:25 GMT October 22, 2004 Reply   
Sydney Em 00:20 GMT October 22, 2004//ref: commods & China's data. If commods drop a bit (stress a "bit") that is USD +. Agreed? You made a good point Em!!!

Sure is quiet FX...GEP...do you have radar that bridges the horizon? I feel something amigo. Last couple days haven't been "right".

oslo oskar 00:22 GMT October 22, 2004 Reply   
mos-quito, cud u please validate ur sources of these facts pls?

Sydney Em 00:20 GMT October 22, 2004 Reply   
If the China GDP turns out weak you could see the commodity currencies fall back a little

Tokyo IM 00:19 GMT October 22, 2004 Reply   
Good morning, Cable is still resting ...

quito_ecuador_valdez "mos-quito" 00:16 GMT October 22, 2004 Reply   
Everyone is going to feel the dog bite if the "rogue" pair doesn't short as "expected" at 1.2650 and longs instead. What we "want" isn't necessarily what will happen and yes I would love to see it short to 1.22-1.23. Too much USD sell off in parts of Europe that isn't making the news....yards actually and for the last 3 weeks and not FX, talking 10,000's of mom & pop bank accounts & biz accounts switching to EUR or other c'ncys. Some CBs flooded with USD, must sell at any price just to have balance. ECB has given a clear road more or less for USD devaluation..admitting the need to clear up USA T/D. EZ is confident in their own EZ internal trade. There is an important relationship emerging: Fed-ECB-BOJ. Be Careful. Soothsaying about $ shorts could burn you. Let's hope not..but....

Valdez

Melbourne Qindex 00:05 GMT October 22, 2004 Reply   
Antwerp Tom 00:02 GMT - I will update my analysis in my page later today. Register with Jay at [email protected] if you have no access to my page

Antwerp Tom 00:02 GMT October 22, 2004 Reply   
Hi Qindex, re yr interesting post 20:55 GMT, which of the 3 options for the next market movement do you favor? TIA

 




Actionable trading levels delivered LIVE to YOUR charts

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 27 May 2019
AAGB/US- Holiday
Tue 28 May 2019
A 14:00 US- Consumer Confidence
C 13:00 US- Case-Shiller
Wed 29 May 2019
A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
AAEZ/CH- Holiday
A 12:30 US- Weekly Jobless
Fri 31 Mar 2019
AA 10:00 EZ- Flash HICP
A 12:30 US- Personal Income, Spending, Deflator
AA 14:00 US- Final Univ of Michigan


Global-View Affiliate Program

We are starting an affiliate program to market some of our products.

Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.

Put the word "affiliate" in the email subject line.

Contact us

Start trading with forex broker Markets Cube




pic

Retail Forex Brokerage Changing!

Are you looking for your first broker or do you need of a new one? There are more critical things to consider than you might have thought.

We were trading long before there were online brokers. Global-View has been directly involved with the industry since its infancy. We've seen everything and are up-to-data with recent regulatory changes.

Our Best Brokers listing section includes:Forex Broker Reviews, Forex Broker Directory, Forex Broker Comparisons and advice on How to Choose a Forex Broker

If would like guidance, advice, or have any concerns at all ASK US. We are here to help you.

SEE Our Best Brokers List

Currency Trading Tools

  • Live rates, currency news, fx charts. 

  • Research reports and currency forecasts.

  • Foreign Exchange database and history.

  • Weekly economic calendar.

Directory of  Forex trading tools

 
Terms of Use    Disclaimer    Privacy Policy    Contact    Site Map


Forex Forum
Forex Trading Forum
Forex Forum + forex rates
Forex Forum Archives
Forex Forum RSS
Free Registration

Trading Forums
Currency Forum Guide
Forum Directory
Open Forum
Futures Forum
Political Forum
Forex Brokers
Compare Forex Brokers
Forex Broker News
Forex Broker Hotline

Online Forex Trading
Forex Trading Tools
Currency Trading Tools
Forex Database
FX Chart Points
Risk/Carry Trade Chart Points
Economic Calendar
Quicklinks to Economic Data
Currency Futures Swaps
Fibonacci Calculator
Currency Futures Calculator

Forex Education
Forex Learning Center
FX Trading Basics Course
Forex Trading Course
Forex Trading Handbook

Forex Analysis
Forex Forecasts
Interest Rate Forecasts
Central Bank Forecasts

FX Charts and Quotes
Live FX Rates
Live Global Market Quotes
Live Forex Charts
US Dollar Index Chart
Global Chart Gallery
Daily Market Tracker
Forex News
Forex Blog
Forex News
Forex Blog Archives
Forex News RSS
Forex Services
Forex Products
GVI Forex
Free Trials
FX Bookstore
Managed Forex Accounts
FX Jobs and Careers
Jobs USA
Jobs UK
Jobs Canada

Forex Forum

The Global-View Forex Forum is the hub for currency trading on the web. Founded in 1996, it was the original forex forum and is still the place where forex traders around the globe come 24/7 looking for currency trading ideas, breaking forex news, fx trading rumors, fx flows and more. This is where you can find a full suite of forex trading tools, including a complete fx database, forex chart points, live currency rates, and live fx charts. In addition, there is a forex brokers directory where you can compare forex brokers. There is also a forex brokers hotline where you can ask for help choosing a forex broker that meets your individual fx trading needs. Interact on the same venue to discuss forex trading.

Forex News

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.

 

WARNING: FOREIGN EXCHANGE TRADING AND INVESTMENT IN DERIVATIVES CAN BE VERY SPECULATIVE AND MAY RESULT IN LOSSES AS WELL AS PROFITS. FOREIGN EXCHANGE AND DERIVATIVES TRADING IS NOT SUITABLE FOR MANY MEMBERS OF THE PUBLIC AND ONLY RISK CAPITAL SHOULD BE APPLIED. THE WEBSITE DOES NOT TAKE INTO ACCOUNT SPECIAL INVESTMENT GOALS, THE FINANCIAL SITUATION OR SPECIFIC REQUIREMENTS OF INDIVIDUAL USERS. YOU SHOULD CAREFULLY CONSIDER YOUR FINANCIAL SITUATION AND CONSULT YOUR FINANCIAL ADVISORS AS TO THE SUITABILITY TO YOUR SITUATION PRIOR TO MAKING ANY INVESTMENT OR ENTERING INTO ANY TRANSACTIONS.

By using this website, you are agreeing to our Privacy Policy and Terms of Use, and Cookie Policy

Copyright ©1996-2019 Global-View. All Rights Reserved.
Hosting and Development by Blue 105

?>