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Forex Forum Archive for 12/02/2004

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wellington 23:52 GMT December 2, 2004 Reply   
The Predator Wakes Up!

Halifax CB 23:36 GMT December 2, 2004 Reply   
Ahh,dc fxq - our paths must have crossed more than once :) (born near boston, brought up in DC, lived in the townships & Mtl till the 80's, moved alot since then & am currently in the armpit of canada....) Anyway, I gotta run, but someday it would be fun to compare notes...GL/GT...

dc fxq 23:27 GMT December 2, 2004 Reply   
Halifax CB 22:47 GMT

when I first moved to Montreal from the Boston area in 1968 the rate was 1.12C$ = 1.00US$ (or exchanging USD for CAD got you $.92. When I moved back to the states I wrote apiece for the TO Globe and Mail asking the question "C$ - ,$.85 or $1.20.

I guess I undershot the downside. Personally I like parity, I do get a CPP pension for the 10+ years I lived and worked in the land of the Maple Leaf. Good years for me!

FloridA vv 23:18 GMT December 2, 2004 Reply   
Tokyo started the day from dumping Eur,Gbp/Jpy. Which is good. But for how long, and how deep they gona stop?

Tokyo IM 23:00 GMT December 2, 2004 Reply   
FloridA vv// Me personaly going to see what london will do and more the buy direction (hopefully).

Philadelphia Caba 22:57 GMT December 2, 2004 Reply   
FloridA vv
Thanks a lot.

FloridA vv 22:55 GMT December 2, 2004 Reply   
Tokyo IM 22:51 GMT December 2, 2004
Good Evening mate. Tell me your secret: are your brothers in Tokyo going to sell Eur/Jpy and Gbp/Jpy tonight/today?

Tokyo IM 22:51 GMT December 2, 2004 Reply   
Goodmorning all nations.

FloridA vv 22:50 GMT December 2, 2004 Reply   
2 - 6 weeks But usually I run those untill exhausted covering (buying/selling back) on supports/resistances looking for MACD/Stoch. signals.

Halifax CB 22:47 GMT December 2, 2004 Reply   
Thank you Wein. The great thing about this forum is being able to bounce ideas off one another. Anybody (newbie or not) that tries to follow somebody else's ideas blindly will get badly burnt, that's just darwinism Here's a handy rule I use - if I'm considering a trade, and somebody posts a counter idea that I think makes more sense, I sit out completely & let the market decide (and work out the reasoning after.) Saves me a bundle...

But as for 1.12, why not? Jeez, I remember when the CAD was 0.95 or so, & folks were saying it'll never, could never, never ever get to 1.110. Then 1.20 was never never....eventually it hit, what? 1.6xx? Now it's back at 1.18. I see Euroland having many of the same fundamental problems thad Cda had in the early 70's when the descent began; high unemployment, feckless governments, and no real sense of direction, countries acting like provinces (or in our case, provinces acting like countries.). But Canada at least had room to grow, & lots of raw materials to support that learning experience.... GL/GT...

Philadelphia Caba 22:44 GMT December 2, 2004 Reply   
FloridA vv 22:36 GMT December 2, 2004

Thanks for help, what's your usually timeframes for these pairs?

london paul 22:41 GMT December 2, 2004 Reply   
For your info, it seems that Dlr Canada is on the verge of crossing it's 21 EMA. The table below shows when majors last had such a crossover. A$ is also on the verge of crossing. Perhaps a trend change in afoot??

Curr Last 21 EMA Last Cross Prev Crossover
£/$ 1.9238 1.8805 13-Oct-04
EUR/$ 1.3268 1.3095 20-Sep-04
$-Yen 103.18 104.08 07-Oct-04 10 Nov (Blip)
$-SF 1.1519 1.1626 13-Oct-04
$-CAD 1.1956 1.1956 30-Aug-04 (about to cross now)
AUD-$ 0.7746 0.7729 17-Sep-04
NZ-$ 0.7158 0.7069 01-Nov-04

Ldn 22:37 GMT December 2, 2004 Reply   
www.ft.com

Ldn 22:36 GMT December 2, 2004 Reply   
China seeks to contain Aviation Oil scandal
www.fr.com

FloridA vv 22:36 GMT December 2, 2004 Reply   
Those need Patience and Cold Blood. Never rush.
I use MACD 6,13,4 and Slow Stochastic 8,3,3 on 4 hour and 30 min charts. Enter the trade only when MACD made 3 consecutive tops on 4 hour and on the top of allready crossed MACD on 30 min. Stochastic is a great helper when you enter/exit

Mtl JP 22:35 GMT December 2, 2004 Reply   
ldn / not sure of any specific number of lurking scandals, but not entirely off the radar of possibilities are some of these fixed income quant funds feeling the pinch - so to speak - as spreads narrow

Ldn 22:30 GMT December 2, 2004 Reply   
A few titbits to mull in the quiet time.

NY gold, silver end below highs as dollar bounces
LINK
Canadian Dollar Lower As Oil Selloff Continues
LINK
Foreign cenbanks resume buying US Treasuries - FedLINK
China seeks to contain Aviation Oil scandal
LINK

Wonder how many Enron type scandals are out there in China
unchartered territory

Philadelphia Caba 22:24 GMT December 2, 2004 Reply   
FloridA vv

Thanks I'm in eurjpy short, but never traded gbpjpy. What TA use for these pairs?

FloridA vv 22:16 GMT December 2, 2004 Reply   
Yes from 198.42 s/l 198.9x

FloridA vv 22:14 GMT December 2, 2004 Reply   
137.2x

FloridA vv 22:14 GMT December 2, 2004 Reply   
Not too far 107.2x

Philadelphia Caba 22:13 GMT December 2, 2004 Reply   
FloridA vv

Are you already in gbp/jpy?

Philadelphia Caba 22:11 GMT December 2, 2004 Reply   
FloridA vv 22:08 GMT December 2, 2004

Just curious about your s/l on eur/jpy short. Thanks.

FloridA vv 22:08 GMT December 2, 2004 Reply   
Wien GD 21:47 GMT December 2, 2004
Desert - Well in the middle, but no bucket. Water in the well is cold and cristall clear. What to do? You tried to reach the water with both of your hands and... bumm - you are in the well, and can not get out because........ you burnt your account and want your money back, but your broker is a ruthless animal, no use talking to him, so you started blaming a person who showed you a WELL. This is PATHETIC.

Brisbane PhD 22:00 GMT December 2, 2004 Reply   
Long EUR/USD stopped 1.3294. (15:36)

prague jv 22:00 GMT December 2, 2004 Reply   
China's efforts to stop the economy from overheating by clamping down on credit will continue into 2005, state media report.

http://news.bbc.co.uk/2/hi/business/4060809.stm

Wien GD 21:47 GMT December 2, 2004 Reply   
SanFrancisco tg ... ok, martin is a very good or the best or what you like ... trader ... and he's trading both directions and ... and eur will soon go towards 112 - i agree - ok?!
Last post regarding this topic.

SanFrancisco tg 21:21 GMT December 2, 2004 Reply   
Wien GD - You have such a positive attitude. Have news for you, Martin is one of the better traders you'll run into. I'd go to battle along with him anyday. May I suggest focusing on what you're doing instead of who you think is "worthy" or not?

Syd 21:20 GMT December 2, 2004 Reply   
GAZA CITY, Gaza Strip (AP)--The militant Palestinian group Hamas will soon begin discussions on issues relating to Palestinian elections, including a possible truce with Israel, a senior member of the group said Thursday.Mahmoud Zahar, a Hamas leader in the Gaza Strip, said the negotiations could begin next week. Zahar blamed Israel for the failure of previous cease-fires, but opened the door to the possibility of a new understanding. "If the Israelis stop their aggression against our people, I think through the negotiations...we can reach a final agreement," Zahar said. In a speech to Israeli journalists Thursday, Prime Minister Ariel Sharon said Israel would halt offensive military operations in Palestinian areas if calm prevails. Zahar made his comments after meeting with interim Palestinian leader Mahmoud Abbas in Gaza City. Hamas has called on its members to boycott Palestinian presidential elections on Jan. 9, but during the meeting Zahar indicated his willingness to work with the new Palestinian administration, according to Fatah officials who attended the meeting. In four years of Israeli-Palestinian violence, Hamas has been responsible for scores of suicide bombings and other attacks against Israelis.

Positive for all ccys

Wien GD 21:04 GMT December 2, 2004 Reply   
gold coast martin: eur 112 is a disqualification like gold 300 ... that's what i'm talking of. Of course some of your shortterm calls might be right ... but the underlying tone ... regarding aud, nzd, eur ... is simply big big false.
btw: re archives ... i'm short usdjpy since about +/- 112 ... and i'm quite happy with my trades ... say only 15 of 120 are wrong ... the rest is profitable. +50% the last 5 month. Not much, but thx god i don't need your help and advice.
The losing trades: longing the buck!
So again @ the newbies: we very very cautious with his calls. They are right if ... see last post.

Syd 21:02 GMT December 2, 2004 Reply   
tk jf good stuff

tk jf 20:57 GMT December 2, 2004 Reply   
syd - profit taking first because it was obviously good resistnce and while eur is lower that too will see people like me buying some back now - usdyen is the one to be careful of today here - its normally well supported on friday ---- the bigger move will come when eur breaks 1.3180 but obviously the market isnt quite ready for that still enuff people see 1.35 so they are supporting now

Calabash TarHeel 20:55 GMT December 2, 2004 Reply   
Martin
Thanks. Only time will tell. I would have preferred to see the Euro move rammed on to 1.3450.1.35 while they were at it, but we have what we have. Have one short close to the top of that move, hoping to add soon. With the Aud, still see .7710 as key level, clean break there and .7660 should follow soon. Kiwi looks to be breaking down now. Imo.
Pleasure chatting, as always.
Take Care

Toronto EDP 20:55 GMT December 2, 2004 Reply   
Tallin Viies.....re.eur/usd time ofn closes...that could well be. For today for example, my charts will close the day in another 3 hours namely 12:00am...current time here 3:55pm est or 8:55pm gmt

Syd 20:53 GMT December 2, 2004 Reply   
tk jf good call on Aud yesterday ? up or down first today ?

gold coast martin 20:52 GMT December 2, 2004 Reply   
wien,,,,look at my posts this week ,,,trend is against me but the results are on the board...g/t

Brisbane L 20:51 GMT December 2, 2004 Reply   
Bloomberg Live saying overseas people are buying up USA real estate with the Dollar so Low especially NY

gold coast martin 20:50 GMT December 2, 2004 Reply   
Wien GD 20:43 GMT December 2, 2004
no offence takenexcept to ad that if you go in the archives and dig my last post to you about 2 months ago when you were screaming about your loss of patience and called me a one trick pony...my calls for that day were to the last pip in a market that was going in the opposite direction...funny thing you loose your patience and then the trades your way.....exiting early does not help my friend......ignore this if you like but i have been meaning to write this for ages...the proof is in the archives ...g/t and sorry to take space for this irrelevant matter.....nothing else to be said.....

oslo oskar 20:50 GMT December 2, 2004 Reply   
Wien GD 20:43 GMT

is the infamous one back to haunt us again??????

Tallinn viies 20:46 GMT December 2, 2004 Reply   
Toronto EDP 20:43 GMT - your daily charts have different closing time then

Wien GD 20:43 GMT December 2, 2004 Reply   
gold coast martin 20:08 ... "wishes are fog in front of the traders eyes" ... i don't know anybody who is more of a aud, nzd, eur bear than you ... this explains why you are obvisiously blind for the usd weakness ... but you are still hoping for eur 112 ... if you would be honest to yourself and reconsider your earlier predictions ... this summer ... you would probably start thinking about your "predictions" ... but i know - you won't ... so go on with your calls!
This remembes me of a guy who in september called gold 300 within several months.

Nothing to add ... except: newbies: be very very VERY cautious with gold coast martins calls!!! He is right if the overall trend for the mentioned currencies is down ... and false if the trend goes the other direction. Imho he's indeed not able to look the other direction!
No offence - just as i see it ... and a warning to the newbies!

Toronto EDP 20:43 GMT December 2, 2004 Reply   
Tallin Viies......My charts indicate eur/usd close below 5day ema on both Nov 2nd and 18th ??

Calabash TarHeel 20:40 GMT December 2, 2004 Reply   
Antwerp Tom 20:17 GMT December 2, 2004
Thanks Viies, always a pleasure to read your views. GL

Yes Viies, Thanks, you are one of the posters that I read here, don't always agree, but respect and appreciate your thoughts.
gt

gold coast martin 20:37 GMT December 2, 2004 Reply   
CALABASH...the 13080 figure is a crucial one ....breach of this figure in the shortest possible time will induce a lot of spec.positions and funds to dump well ahead of their timeframes{which i still think is 16-19 th of december}...after that level it will get ugly as market re-focuses on data and fundamentals...and we dont need to be a genius to see differenceS between US AND EUROZONE...
BTW,,,,,,,The aud has resistance at 7688 level ..if easily breached (it will eventually} the trip to the 7460 should be more clean and less stubborn,,,,,,,completing the first ohase of the downward leg.......

Helsinki iw 20:31 GMT December 2, 2004 Reply   
If we saw the top for this move today, and that is still iffy, then the closest call on the top I´ve see was made by LA Igrok. 1,3355.

Calabash TarHeel 20:27 GMT December 2, 2004 Reply   
gold coast martin 20:08 GMT December 2, 2004
Thanks Martin, and yes, all due respect to Max. I don't follow him, R. Balen or anyone else for that matter. My thoughts are that time is running out on the Euro bulls on this move. They may take another shot at 1.35 yet, but has to be soon. A close below 1.3285 today would be $ bullish. If the Usd bulls can mount a charge to 1.3190, well who knows.
As always, just Imvho.
gt

Tallinn viies 20:27 GMT December 2, 2004 Reply   
closed crude here at 43,40.
we could see even 41,20 today if momentum continues

Antwerp Tom 20:17 GMT December 2, 2004 Reply   
Thanks Viies, always a pleasure to read your views. GL

Tallinn viies 20:13 GMT December 2, 2004 Reply   
Antwerp Tom 20:07 GMT - if not reached, I would start looking for the exit door tommorow. reverse under 1,3219

Tallinn viies 20:11 GMT December 2, 2004 Reply   
from 1,2200/50 level euro has always closed over 5 day ema. right now it stands at 1,3272.
so it is pretty cruscial level.
close over this level will give me assurance that push higher is not yet over. 1,3470/75 tommorow my target...
fwiw

gold coast martin 20:08 GMT December 2, 2004 Reply   
Calabash TarHeel 19:57 GMT December 2, 2004
With the greatest respect to MAX as an analyst......long term opinions take time to form and once formed they dont deviate any grat deal from the norm....What he may have missed in his assesment is the continuous influx of flows from new players like hedge funds and CBs as it is these beasts that are more or less controlling market direction......due to this an imminent correction by once down to 128 level,there will be no coming back to 135-139 level.....there will not be enough liquidity in that direction ....in other words there will be not enough market movers with the guts to long euro from 128 levels.......instead it will be more like down to a 112 level and we can take it from there,,,,,,
Always interesting to read MAXs posts as a while ago he was slated from pillar to post for making wrong calls ...but inthe long run he has been consistent in his calls for which he deserves respect...ijust think that a lot of these guys have not seen the whole current picture to make a call to 139-140....fwiw...g/t

Philadelphia Caba 20:07 GMT December 2, 2004 Reply   
FloridA vv 20:04 GMT December 2, 2004

VV I'm in this trade too, just curious, where you've put s/l. Thanks. GT!

Antwerp Tom 20:07 GMT December 2, 2004 Reply   
Viies, if 1.33/05 level not reached later, would you reverse or only cover? i shorted at 1.3270 (first target 1.3230), generally imho the days of relentless new € highs (buy, sit back and enjoy) are over, at least for the time being. GL GT

Ldn 20:04 GMT December 2, 2004 Reply   
-Ministers fret over euro, but no action yet-source


http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh83403_2004-12-02_19-56-30_n02654994_newsml

FloridA vv 20:04 GMT December 2, 2004 Reply   
Thanx
Yes, That's what I think either. Allready in from 136.87

Tallinn viies 20:01 GMT December 2, 2004 Reply   
FloridA vv 19:46 GMT - not familiar with those crosses.
euryen looks like a sell

Syd 19:59 GMT December 2, 2004 Reply   
Calabash TarHeel
he is generally correct and as you say lower maybe feel a seachange in the air

Calabash TarHeel 19:57 GMT December 2, 2004 Reply   
Syd 19:53 GMT December 2, 2004
Max may be correct. As to which comes first, 1.28 or 1.39, my money is not on 1.39.
gl,gt

Syd 19:53 GMT December 2, 2004 Reply   
EURO/USD - Long Term Perspective Revisited
by Max McKegg
12/2/2004, Forexnews.com
December 2nd - Having spent much of this year within complex, corrective 4th-Wave consolidation, EURO/USD resumed its Bull market in October as anticipated, in what is still interpreted as a climactic 5th-Wave advance. Already my target of 1.3350 has been attained but with no evidence yet of a peak it is premature to call an end to this Bull market.

The Euro’s advance into the 1.3000’s is occuring amongst heightened Bearish Dollar sentiment (similar to that which occurred on the Euro’s rally through 1.2000 at the beginning of this year) and a plethora of “Bearish US Dollar Forecasts for 2005” surely lie ahead.

However, such Bearish sentiment toward the US Dollar is instead likely to lay the foundations for a major bottom in the US Dollar and peak for the Euro over coming weeks. The next Key mathematical resistance and benchmark levels for the completion of this 5th Wave advance, lie about 1.3710 and 1.3975 respectively (depending on differing interpretations as to where corrective Wave-4 ended; either at 1.1760, the orthodox low or at 1.1985, the Elliott Triangle low).

Upon completion of this 5-wave sequence extending from the October 2000 low of 0.8230, EURO/USD will then be ready for a multi-month sell-off and the largest corrective decline since this EURO/USD Bull market began over 4 years ago

test wetwr 19:51 GMT December 2, 2004 Reply   
sdfs

gold coast martin 19:48 GMT December 2, 2004 Reply   
Calabash TarHeel 19:45 GMT December 2, 2004
hello Calabash.....very very close to those figures.......g/t....

FloridA vv 19:46 GMT December 2, 2004 Reply   
viies, What your pick on Eur/Jpy and Gbp/Jpy?

Calabash TarHeel 19:45 GMT December 2, 2004 Reply   
gold coast martin 19:03 GMT December 2, 2004
Hello Martin
If you're still around is this close to what your are looking for with the Aud?
.7760>.7710>.7660. n/t target .7460
Tia, gt,gl

Tallinn viies 19:37 GMT December 2, 2004 Reply   
hopefully nxt attack comes same time as yesterday
still think 1,3305/10 will be regained before TKY starts.
if not im going to start liquidate my longs

Gen dk 19:28 GMT December 2, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

KL KL 19:21 GMT December 2, 2004 Reply   
oil down $2, gold down lots too...nice USD move up....wow mega ton pound fell from 1.9438 to 1.9177...missed to catch the gorilla in my net at 1.9159...so it all boils down to tonight NFP. Still flat and I think continue sleep is the order...prepare mind now for today NY time...this set up is nice now...should be explosive both ways if NFP is a touch .... I mean a little bit good....Is oil crashing? Will gold be next? These are the days of our lives...LOL

NJ RT 19:18 GMT December 2, 2004 Reply   
Jakarta r4v3n:
Good trade on CHF. What is your view on JPY?
Thank you

Syd 19:18 GMT December 2, 2004 Reply   
Chf cleared 1.15 anyone see this as dollar bullish thanks

dc fxq 19:15 GMT December 2, 2004 Reply   
LA Ty 18:23 GMT December 2, 2004
London> do you have any public access fundamental sources you could tell me about ?

Although delayed 15 minutes IFR here:
http://www.ifrmarkets.com/servlet/Thomson.Headlines?silo=censored&product=FXW&R=1
gives a godd sense of what is happening.

Also for US data try Marketwatch here:
http://cbs.marketwatch.com/news/newsfinder/marketPulse.asp?doctype=-1&siteid=mktw&mp=1

Livingston nh 19:05 GMT December 2, 2004 Reply   
The currency moving payroll figures tomorrow may be the Canadian report -- CAD has been the longest trending with little giveback since early Summer // a weak Labor Force survey might be the ticket tomorrow

gold coast martin 19:03 GMT December 2, 2004 Reply   
Livingston nh 18:56 GMT December 2, 2004
AUD just naturally lagging behind its cousins....will catch in this down leg soon....g/t

Livingston nh 18:56 GMT December 2, 2004 Reply   
AUD/USD break of 77 (excuse the USD first)

Livingston nh 18:55 GMT December 2, 2004 Reply   
AUD has not completely recovered but has held up as others (CAD and CHF) begin to give back a bit -- break of .77 level tonight on the USD/AUD might give way to another leg down

MEDAN FATGUY 18:49 GMT December 2, 2004 Reply   
Jakarta r4v3n 18:42 GMT December 2, 2004
Can i know what is ur platform?

Halifax CB 18:47 GMT December 2, 2004 Reply   
Noticed (as I am sure others have) that the recent GBP high was a neat 1.618 retracement of the July peak to September low. If that closes off that figure, then the next mvement should seek a similarly scaled (but opposite direction) fall from its peak to the 1.66 region. I wouldn't take that to the bank yet though...
As for Euro, interesting that the recent high was pretty close to the upper boundary of the Andrew's Pitchfork I mentioned earlier. Using that as a guide puts a likely target around the 1.28 region, although the Euro seems to be really volatile over the last few weeks, and it could waffle in the upper channel for a long time, given it's behaviour in the lower part of the channel prior to its recent run up. But the first target is the support line from October which stands around 1.32 right now, and (alas for me :) still seems to be holding.

London. 18:47 GMT December 2, 2004 Reply   
Which ever way you look at it the $US is a thoroughbred and will alway no matter how long it takes, come out a winner . JIMHO

gold coast martin 18:44 GMT December 2, 2004 Reply   
nedium term with the crb index....

Jakarta r4v3n 18:42 GMT December 2, 2004 Reply   
Closed my short chf already @1.1505... +29pts
looking to build position in yen....

gold coast martin 18:42 GMT December 2, 2004 Reply   
Makassar Alimin 18:39 GMT December 2, 2004
IT SURE DOES ...it confirms what i posted 4 weeks ago about the correlation of the aud and other commodity currencies in the medium term....good bye aussie and goodbye kiwi....

LA Ty 18:41 GMT December 2, 2004 Reply   
anywa, It was nice chattin'/trading. See ya in 15 hrs. Bye...............

FloridA vv 18:41 GMT December 2, 2004 Reply   
VALDEZ you are an FX addict, like many of us here, including myself. Which is, I believe, good (to have passion to smth.)

Looks like Eur/Jpy and Gbp/Jpy finally started their long way south. Major supports are 136, 135.36 134.20 Bottom may be found @130. But let us see.

Makassar Alimin 18:41 GMT December 2, 2004 Reply   
LA Ty 18:38 GMT December 2, 2004

haha yes mate, they are all doing monkey business now, i am expecting flat trading friday as usual tomorrow in asian session until data come out, hopefully we will see some fireworks

LA Ty 18:40 GMT December 2, 2004 Reply   
I figured there would be at least a 2 hr rest period.

Makassar Alimin 18:39 GMT December 2, 2004 Reply   
guys, before i leave for real, have a look at crb index! interesting dive, tells you something

LA Ty 18:39 GMT December 2, 2004 Reply   
and the GBP mini trading band between 9201 and 9256. doesnt want to clear that band.

LA Ty 18:38 GMT December 2, 2004 Reply   
still hovering my s/r levels Makassar :)

Makassar Alimin 18:36 GMT December 2, 2004 Reply   
quito_ecuador_valdez 18:13 GMT December 2, 2004

AND THEN AGAIN IT MAY NOT BE a retrace! If it's intervention, count on US Treas to blow somebody out of the water on full auto and unlimited ammo in the next 2 sessions to see 1.34. If Fed raises interest again this year..so be it..it could theoretically (nasty word in FX) curb some USD fall...but I' biased it won't have much effect.

valdez: was the 1.34 typo? why would an intervention actually kill the dollar more? perhaps you meant 1.24 euro?

LA Ty 18:35 GMT December 2, 2004 Reply   
tx London

London. 18:34 GMT December 2, 2004 Reply   
LA Ty just the normal newswires type in google newswires you will come up with a good selection. and GV analysis section

dc fxq 18:32 GMT December 2, 2004 Reply   
"If it's intervention, count on US Treas to blow somebody out of the water on full auto and unlimited ammo ..."

My own opinion of course but IF the Tsy had any intentions of supporting USD I think MoF would have moved aggressively by this time. Obviously joint inter vention between ECB/MoF has at least been mentioned and I am quite certain MoF would have at least broached the subject with Tsy minions. Had they gotten a supportive or positive repsonse, again I think we might have seen a prior move at around 103.50 or perhaps at 103.00 but certainly once 102.00 was taken out then MoF wouldn't having been "checking rates" they would have been acting.

Again just my thesis not fact.

Syd 18:31 GMT December 2, 2004 Reply   
quito_ecuador_valdez 17:40 GMT
excellent post on the Help forum.

Dallas GEP 18:30 GMT December 2, 2004 Reply   
Closed eur longs @ 1.3280 for +17

pd cumino 18:28 GMT December 2, 2004 Reply   
Thank you and g/l wellington am

LA Ty 18:26 GMT December 2, 2004 Reply   
right along my 9201 support too

LA Ty 18:25 GMT December 2, 2004 Reply   
GBP is really flat lining. wow

LA Ty 18:24 GMT December 2, 2004 Reply   
see Makassar is eating his words right now lol

wellington am 18:24 GMT December 2, 2004 Reply   
pd cumino 18:20 GMT December 2, 2004
Just a fuzzy thing mate. Waking up, reading the chat, viewing the charts. Particulary seeing USDCHF breaking up out of the 1.15 mark was interesting. But of course, a far more sustained rally is needed to verify. Should be interesting over next few days. GL GT

LA Ty 18:23 GMT December 2, 2004 Reply   
London> do you have any public access fundamental sources you could tell me about ?

Dallas GEP 18:21 GMT December 2, 2004 Reply   
Longed euro 1.3263 looking for 1.3285...stop 1.3253

London 18:20 GMT December 2, 2004 Reply   
LA Ty work for bank so many BTW.. Snow's days are numbered, talk he is just a salesman - they are looking for someone similar to old greeny

pd cumino 18:20 GMT December 2, 2004 Reply   
wellington am 18:14 GMT
Morning am. Would you explain better? What overall changed, in your opinion?
TIA

LA Ty 18:19 GMT December 2, 2004 Reply   
I still hold strong to my opinion that it will be low volume / sideways for a little bit. No more than sideways 25 pipish moves.

London Zappy 18:19 GMT December 2, 2004 Reply   
Hey Valdez,
We missed you. Thanks for the answer in on "FX Help". 1:1 gearing is very good for long term trends, no?

wellington am 18:14 GMT December 2, 2004 Reply   
Morning all.

Sentiment seems to have changed ...

LA Ty 18:14 GMT December 2, 2004 Reply   
keep in mind the immediate EUR support @ 3225 and CHF resistance @ 1558. If they move ot those levels they might simply bounce back.

quito_ecuador_valdez 18:13 GMT December 2, 2004 Reply   
OK, ref €/$: ever since 1.2200, (the base of this peak formation), we've scored 1,080 pips. Typical of this pair is to peak at 1,000-1,500 pips, then retrace 250 to 500, peak again, retrace again..often repeating these retrace cycles 2-4 times offering outstanding profit taking opportunities. As I predicted somewhere between 1.32-1.34 we'd see it start. This may be it. In that case, if truly a retrac, expect support ultimately (Friday-Tuesday) to score 1.3150 - 1.2880. I'll buy €s anywhere in that range placing light bets at 1.3150 or less, yet watching for more opportunity towards 1.29xx on major dips.

AND THEN AGAIN IT MAY NOT BE a retrace! If it's intervention, count on US Treas to blow somebody out of the water on full auto and unlimited ammo in the next 2 sessions to see 1.34. If Fed raises interest again this year..so be it..it could theoretically (nasty word in FX) curb some USD fall...but I' biased it won't have much effect.

My short term bias for this pair is to pipraid shorts CAREFULLY taking profit on dips, re-enter on peaks 'til we see resistance.

LA Ty 18:12 GMT December 2, 2004 Reply   
hey London, what is your source for fundamentals?

London. 18:11 GMT December 2, 2004 Reply   
ECB more concerned about the strong euro than Thu's press conference suggests, "We still see a significant chance that a further rapid surge in the euro could elicit an ECB intervention, possibly jointly with the BoJ," economist Holger Schmieding. BoA.

LA Ty 18:09 GMT December 2, 2004 Reply   
if EURO breaks 3230 Ill go short.

London Zappy 18:09 GMT December 2, 2004 Reply   
//Lacombe S.B. 18:06 GMT
LOL, have you ever heard of LTCM?

LA Ty 18:08 GMT December 2, 2004 Reply   
The thing is that even if EURO goes short a bit, it still has another support at 3235.

Lacombe S.B. 18:06 GMT December 2, 2004 Reply   
This is quite off topic, but if anyone here uses hedging in their trading stratagy. Do you know of any resources that explain how to hedge profitably.

LA Ty 18:06 GMT December 2, 2004 Reply   
hopefully, there is a move soon though before I go for the day.

LA Ty 18:05 GMT December 2, 2004 Reply   
no thyre not.. theyre still hovering LOL levels need 15 pips to be properly borken, NOT 1 pip LOL

London Zappy 18:05 GMT December 2, 2004 Reply   
"Boy Robin" figure forming in usd/chf...

Makassar Alimin 18:02 GMT December 2, 2004 Reply   
LA Ty 17:57 GMT December 2, 2004

i disagree, because they are history at this moment of typing LOL
i am off for today as well, see you all tomorrow

LA Ty 17:57 GMT December 2, 2004 Reply   
yeah, I think Im done for the day. EUR 3275 and CHF 1501 are holding well. Anyone disagree?

LA Ty 17:52 GMT December 2, 2004 Reply   
good post London. Thanks.

London 17:50 GMT December 2, 2004 Reply   
dollar lifted broadly against major currencies Wednesday in New York, raising the possibility of the first sustained correction after weeks of declines, dollar's rebound is largely a result of profit-taking and position adjustments after its a long slide factors, including declining oil prices, encouraging U.S. economic data and statements from monetary officials across the globe, have combined to ignite a burst of dollar buying .The Wall Street Journal suggesting the Federal Reserve would continue raising rates because of upside risks on prices had added substance to a view widely held "I think the Wall Street Journal article this morning confirmed what people were thinking and they specifically mentioned the weak dollar as one of the inflationary impacts," said Ed Stapleton, head of foreign exchange at Fortis Bank New York..
Reuters.

LA Ty 17:49 GMT December 2, 2004 Reply   
or after announcement.

LA Ty 17:48 GMT December 2, 2004 Reply   
Ionno, recently after 1PM New York, I havent seen much trading. I think we might be in for some low volume / sideways trading until Asia wakes up.

Philadelphia Caba 17:47 GMT December 2, 2004 Reply   
Dallas GEP 17:45 GMT December 2, 2004
CABA...6880 is TP on eur/gbp short

Thanks GEP, put 0.6888 (so far). Finally hope for some gain with eurgbp (gbp run too bloody for me....)

LA Ty 17:46 GMT December 2, 2004 Reply   
just letting you know that GBP has a mini trading band between 9201 and 9256. Sideways trading in that range. Doesn't seem to wanna break out.

LA Ty 17:45 GMT December 2, 2004 Reply   
no Caba, I sold CHF, sortof by mistake , too soon.

Dallas GEP 17:45 GMT December 2, 2004 Reply   
CABA...6880 is TP on eur/gbp short

LA Ty 17:44 GMT December 2, 2004 Reply   
I actually did sort of mess up my order... set my stop too tight.. might have been a good thing though. That CHF 1501 level is still in the way.

LA Ty 17:43 GMT December 2, 2004 Reply   
yeah, thas true.. oh well...I closed anyway... lost 9 pips.
125 pips - 9 = 116 pip gain for the day. I guess I'm still waiting for the real deal then.

Philadelphia Caba 17:43 GMT December 2, 2004 Reply   
LA Ty 17:41 GMT December 2, 2004

Did you long eur?

LA Ty 17:41 GMT December 2, 2004 Reply   
Dallas > LOL I thought you were serious. You actually freaked me out cause I thought I entered my order incorrectly LOL.

Dallas GEP 17:40 GMT December 2, 2004 Reply   
TY, their was something pretty good size that BID up usd/chf @ 1.1485

LA Ty 17:39 GMT December 2, 2004 Reply   
actually CHF test is more like 1451

Dallas GEP 17:39 GMT December 2, 2004 Reply   
TY. I was kidding I thought with that candle close you would long euro.

LA Ty 17:39 GMT December 2, 2004 Reply   
who knows, maybe going short CHF is a bad idea.

Philadelphia Caba 17:38 GMT December 2, 2004 Reply   
Thnx GEP

LA Ty 17:38 GMT December 2, 2004 Reply   
but for now, I'll stay short CHF. See what happens.

LA Ty 17:37 GMT December 2, 2004 Reply   
I told you about the EUR 3275 support all along LOL

However, I am still unsure about the market.

Dallas GEP 17:37 GMT December 2, 2004 Reply   
6927 Caba

Dallas GEP 17:36 GMT December 2, 2004 Reply   
CHF to test 1.1460

LA Ty 17:35 GMT December 2, 2004 Reply   
i sold CHF

LA Ty 17:35 GMT December 2, 2004 Reply   
are you nuts

Philadelphia Caba 17:35 GMT December 2, 2004 Reply   
Dallas GEP 17:29 GMT December 2, 2004
6910 short eur/gbp taken off order

GEP, where you put s/l & tp, please?

LA Ty 17:35 GMT December 2, 2004 Reply   
Dallas, I never took a shor t EURo

LA Ty 17:35 GMT December 2, 2004 Reply   
if CHF breaks 1490, AFTER THE CLOSE go for it.

Dallas GEP 17:34 GMT December 2, 2004 Reply   
That would be LONG

Dallas GEP 17:33 GMT December 2, 2004 Reply   
TY, tell us about that short euro you just took

LA Ty 17:31 GMT December 2, 2004 Reply   
remember I said at 17:30 GMT you would have your answer.... here it comes.

Dallas GEP 17:29 GMT December 2, 2004 Reply   
6910 short eur/gbp taken off order

LA Ty 17:28 GMT December 2, 2004 Reply   
same with CHF 1501

LA Ty 17:28 GMT December 2, 2004 Reply   
that 3275 level on EUR is quite strong.

LA Ty 17:26 GMT December 2, 2004 Reply   
I need a bullish or bearish candle on my 5 minute chart before I'm making a move anywhere.

praga jan 17:25 GMT December 2, 2004 Reply   
maxx:do you use 2% leverage?

LA Ty 17:25 GMT December 2, 2004 Reply   
Hold on to your panties ladies. We need some confirming candles. All I see is sideways movement right now.

London Zappy 17:25 GMT December 2, 2004 Reply   
Batman mask forming on the 1 min chart in $/Yen...
Might not be good for E$...imho

gold coast martin 17:24 GMT December 2, 2004 Reply   
A pattern is developing where the euro is achieving lower highs and higher lows....daily....a sign of a deep correction...g/t

Omaha Warren 17:24 GMT December 2, 2004 Reply   
Kids, you are chatting away when you should be selling sinking assets on rallies. Move `em out, and stop spamming.

Syd 17:22 GMT December 2, 2004 Reply   
According to what some traders are saying clear the decks for corrective dollar rally spot U.S. Dollar Index practically nailed technical support at 81.12 when it recorded a long-term downtrend low at 81.18, iis likely to test 82.90 - 83.50 resistance

LA Ty 17:22 GMT December 2, 2004 Reply   
oh and if it goes short, CHF support @ 1451 still.

Paris MAXX 17:22 GMT December 2, 2004 Reply   
ok thanks praga...dont like them...they screwed me big time on a 2% deal earlier this year........

Dallas GEP 17:21 GMT December 2, 2004 Reply   
Viies, I agree with that, In fact a short with 1.3320 stop should work. Some resistance off 1.3284/86 could play some shorts off that

praga jan 17:20 GMT December 2, 2004 Reply   
paris-maxx:f*x*c*m for mini accounts.

Tallinn viies 17:19 GMT December 2, 2004 Reply   
I still expect euro to regain 1,3305/10 level before NYC close

Dallas GEP 17:15 GMT December 2, 2004 Reply   
YES, eur/gbp is a short IMO at this time around 6910

LA Ty 17:15 GMT December 2, 2004 Reply   
EUR immediate support @ 3235.

LA Ty 17:12 GMT December 2, 2004 Reply   
lookin' possible. CHF resistance @ 1569 , next @ 1636.

LA Ty 17:10 GMT December 2, 2004 Reply   
so what ? EUR + GBP short ? Is this the next 40-50 pip move?

GENEVA FHR 17:10 GMT December 2, 2004 Reply   
low gold 446.40 actually 449.60.450.10

LA Ty 17:10 GMT December 2, 2004 Reply   
or are you guys just using the price for FX signals?

LA Ty 17:09 GMT December 2, 2004 Reply   
What brokerage do you guys use for gold/oil etc? Do you have charts that show oil/gold prices as well as FX prices? I'd like to get into that stuff.

LA Ty 17:07 GMT December 2, 2004 Reply   
by 17:30 GMT we will know what the heck is going on LOL

Ldn 17:06 GMT December 2, 2004 Reply   
Spot gold fell sharply to a low of $446.40 a troy ounce in late London trading Thursday, support at $443/oz, and $440/oz.

LA Ty 17:05 GMT December 2, 2004 Reply   
here we go.... be alert.

LA Ty 17:04 GMT December 2, 2004 Reply   
yeah, lots of ppl use 30 minute charts with shorter MAs. I just have a thing for 5 minute charts. I like having more data. I've learned to sift through it. Otherwise yes, I would go mad with 5 minute charts.

LA Ty 17:02 GMT December 2, 2004 Reply   
so far EUR has moved a combined total of 135 pips from midnight GMT.

Paris MAXX 17:01 GMT December 2, 2004 Reply   
fwiw..I think after payrolls tom we will see Euro around 1.30...

SanFrancisco tg 17:00 GMT December 2, 2004 Reply   
My experience has been better by using nothing less than a 30 minute time frame with shorter moving averages.

LA Ty 17:00 GMT December 2, 2004 Reply   
EUR/USD support stil holding at 3275. Support below @ 3183.

Ldn 16:59 GMT December 2, 2004 Reply   
BRATISLAVA, Slovakia (AP)--An explosion rocked a building in Slovakia's capital Thursday, injuring three people, authorities said.

Paris MAXX 16:59 GMT December 2, 2004 Reply   
No LA...we have had a touch of volatility,,,think it continues

LA Ty 16:59 GMT December 2, 2004 Reply   
I mean until Asia trading.

Philadelphia Caba 16:58 GMT December 2, 2004 Reply   
LA Ty whats your support on eur now, please?

Hong Kong Qindex 16:58 GMT December 2, 2004 Reply   
CAD/JPY : Current Comment.  Register with Jay at [email protected] if you have no access to my page.

LA Ty 16:57 GMT December 2, 2004 Reply   
anyone think the rest of the day might be flat?

Livingston nh 16:57 GMT December 2, 2004 Reply   
London zappy - consensus of NFP tomorrow between 195 and 200K -- the monthly consensus on this number is the average of mostly wrong analysts

Tallinn viies 16:56 GMT December 2, 2004 Reply   
1,3305/10 next resistance after 1,3280 traded....
cu there

LA Ty 16:55 GMT December 2, 2004 Reply   
Qindex > ok, thanks for info

Paris MAXX 16:55 GMT December 2, 2004 Reply   
praga..who offers 0.5%?

LA Ty 16:54 GMT December 2, 2004 Reply   
I almost always trade 5 minutue charts so the news doesn't do too much for me. I'm a sheep.

Hong Kong Qindex 16:54 GMT December 2, 2004 Reply   
LA Ty 16:50 GMT - When the market is going to make a turn, I will post frequently on different pair of currencies whenever I have time.

LA Ty 16:53 GMT December 2, 2004 Reply   
Sorry, I don't trade fundamentals unless my trades are long term.

LA Ty 16:52 GMT December 2, 2004 Reply   
charts are syncing well, everything is around s/r levels. Lets see what Santa has for us next.

praga jan 16:52 GMT December 2, 2004 Reply   
i would like to ask your opinion about the leverage you use.i consider almost impossible to make profits constantly on fx using a leverage of 0.5%,1% or even 2%,without beeing stopped out.it happened to me many times to forecast correctly the next trend but to be stopped out.

Sapporo Koishi 16:51 GMT December 2, 2004 Reply   
Saudi talk of increasing supply is market rhetoric, Are they going to ship the oil by camel??? There is no spare tanker capacity at all. Oil will keep rising and rising and rising...

London Zappy 16:51 GMT December 2, 2004 Reply   
Does anyone know concensus view for NFP/comments/etc?

LA Ty 16:51 GMT December 2, 2004 Reply   
NJ RT > yes I know... absolutely gorgeous LCD.

LA Ty 16:50 GMT December 2, 2004 Reply   
oh, ok. sorry. LOL ;) There was spam previously this morning.

Hong Kong Qindex 16:49 GMT December 2, 2004 Reply   
LA Ty 16:47 GMT - I just posted a comment in my page.

Tallinn viies 16:49 GMT December 2, 2004 Reply   
talking about oil...
at the moment this all about financial markets.
working for oil company...
during the last month have been extremly hard to get any diesel or heating oil.
for example if you want to buy physical diesel average historical premium to gasoil futures has been aprx 30-40$.
last month it has been 90-100$.

it tells lot about oil downside....
limited is right word I guess

Hong Kong Qindex 16:49 GMT December 2, 2004 Reply   
LA Ty 16:47 GMT - I just a comment in my page.

Paris MAXX 16:48 GMT December 2, 2004 Reply   
Any thoughts on tomorrows payroll?

NJ RT 16:48 GMT December 2, 2004 Reply   
LA Ty : Viewsonic VP2000 ... gorgeous about $800

LA Ty 16:47 GMT December 2, 2004 Reply   
is that register with jay message spam ? ? ?

Helsinki iw 16:47 GMT December 2, 2004 Reply   
cheers viies, appreciated. IMHO checking will have a limited effect, both in regard to time and market levels. But anyhow a first warning shot across the bow, if that rumour proves to be true. Will have to monitor price action closely.

Hong Kong Qindex 16:45 GMT December 2, 2004 Reply   
EUR/CAD : Current Comment.  Register with Jay at  [email protected] if you have no access to my page.

LA Ty 16:45 GMT December 2, 2004 Reply   
I'd love to have 4 21" LCDs. After this billion dollar trade maybe I'll buy some.

SanFrancisco tg 16:45 GMT December 2, 2004 Reply   
Maxx - agree, overall oil wont be weak and OPEC will make sure of it.

LA Ty 16:43 GMT December 2, 2004 Reply   
thanks for the monitor link. 8 monitors... nice.

LA Ty 16:42 GMT December 2, 2004 Reply   
Heres comes the test of previous EUR + CHF s/r levels. I'm still waiting for a break through or bounce.

GENEVA FHR 16:42 GMT December 2, 2004 Reply   
8 monitors

Tallinn viies 16:41 GMT December 2, 2004 Reply   
helsinki iw - from IFR EUR/USD: Rumor ECB Checked Rates On Way Down

NJ RT 16:41 GMT December 2, 2004 Reply   
I do have 2 21" flat ...thinking to get one more

Mtl JP 16:41 GMT December 2, 2004 Reply   
TY 16:36 - choose

Paris MAXX 16:41 GMT December 2, 2004 Reply   
tg..i agree with you,commodity markets tend to trend and this could be short term however I believe that fundamentally oil will trade higher....

Tallinn viies 16:40 GMT December 2, 2004 Reply   
*DJ OPEC Hasn't Ruled Out Output Cuts -Saudi Source


huge huge volatilty on oil markets
was down another 7% at some stage...

LA Ty 16:38 GMT December 2, 2004 Reply   
and....I need some UGGS slippers !!!

SanFrancisco tg 16:37 GMT December 2, 2004 Reply   
Paris MAXX 16:28 - I agree Maxx, although I could see a little more decline. Seasonal concerns could apply of course. Overall OPEC has indicated it intends to increase supply however, and I see US domestic efforts to cut the cord of dependence on foreign oil setting in over time as well to cap prices. Perhaps we begin settle into a winter/fall range with not much more downside being a logical estimate.

Trieste LC 16:37 GMT December 2, 2004 Reply   
3 need more

LA Ty 16:36 GMT December 2, 2004 Reply   
man I need a 3rd or 4th monitor... How many monitors do you guys have?

LA Ty 16:35 GMT December 2, 2004 Reply   
charts' s/r levels still holding.

gold coast martin 16:34 GMT December 2, 2004 Reply   
next point of resistance for aussie after 7752 is 7691..g/t

LA Ty 16:33 GMT December 2, 2004 Reply   
would be a nice 50 pip bonus.

Hong Kong Qindex 16:32 GMT December 2, 2004 Reply   
CHF/JPY : Current Comment.  Register with Jay at [email protected] if you have no access to my page.

LA Ty 16:32 GMT December 2, 2004 Reply   
if EUR breaks 3235 by 10 pips we could have a major drop to 1.3183.

gold coast martin 16:31 GMT December 2, 2004 Reply   
Chicago CME 16:23 GMT December 2, 2004
fwiw,,,,,,,oil and the S&P have been running inversely since oil started to spike,,,,,,,now its some good times for the S&p....g/t

LA Ty 16:30 GMT December 2, 2004 Reply   
And by breakthrough I mean by 15 pips across s/r levels. Not just a 5 pip break through... Is this our bounce happening here?

Chicago CME 16:29 GMT December 2, 2004 Reply   
$/Can having trouble clearing the key 1.1925. If we have another run and can crack that level then I think we knock on the 1.2100 door by the end of the week.

Paris MAXX 16:28 GMT December 2, 2004 Reply   
tg...I think there will be major demand for oil at these lower levels...

Tallinn viies 16:28 GMT December 2, 2004 Reply   
Bruxville Jim 16:23 - bought it at 43,30 and 42,70.
it could fall further tommorow or day after but right now seems too much to me

Gen dk 16:26 GMT December 2, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Jakarta r4v3n 16:26 GMT December 2, 2004 Reply   
short chf @ 1.1534...looking for 30 pts.

SanFrancisco tg 16:26 GMT December 2, 2004 Reply   
I guess this means the "Bush war for oil will drive oil prices over $60" hype is finished. Explained months ago the hype was just air and we would see price dip under $45 soon enough due to LOGICAL factors noted in my archive in Financial Forum.

LA Ty 16:26 GMT December 2, 2004 Reply   
I'm looking for EUR to break through 3275 or bounce off of it. And for CHF to break through 1504 or to bounce off of it. When one of those two things happen then I'm entering again.

Chicago CME 16:25 GMT December 2, 2004 Reply   
Euro: If mkt can't get and stay below 1.3230 then I think we'll see some buying up to the 1.3305 level where more seller will be found.

Paris MAXX 16:24 GMT December 2, 2004 Reply   
looking for oil to close around 44

gold coast martin 16:24 GMT December 2, 2004 Reply   


gold coast martin 16:22 GMT December 2, 2004
Spotforex NY 16:20 GMT December 2, 2004
"RATE CHECK"RUMOUR BY snb....g/t

LA Ty 16:23 GMT December 2, 2004 Reply   
Tallin, might be a good call... a little retracement.

Paris MAXX 16:23 GMT December 2, 2004 Reply   
long of cable at 19220 ish....

Chicago CME 16:23 GMT December 2, 2004 Reply   
S&P traders have the bit between their teeth and will drive for the 1200 level before the end of the week. IMHO

Dallas GEP 16:23 GMT December 2, 2004 Reply   
Misplayed GBP short badly, got stopped out at BE. Did fine with Euro and left some money on table with Aussie Shorts but not too bad. +83 pips. On a 1-10 scale, I would give myself maybe a 6.5-7. LOL

Bruxville Jim 16:23 GMT December 2, 2004 Reply   
viies// What think about oil?

LA Ty 16:22 GMT December 2, 2004 Reply   
is anyone going short USD/CHF?

Tallinn viies 16:22 GMT December 2, 2004 Reply   
it is only stop hunt here, nothing else as long as we dont see close under 1,3270 imho

LA Ty 16:22 GMT December 2, 2004 Reply   
so my GBP support of .9201 ish held well...lets see what happens next.

Helsinki iw 16:21 GMT December 2, 2004 Reply   
Anybody remember the good old Bundesbank? They used to come in at these moments when the market was already turning by itself to get extra effect. Would be a nice move now by van Gecko´s MIB to start calling up.

LA Ty 16:20 GMT December 2, 2004 Reply   
oh, EUR has hammer now.....maybe this is definitely a sign that theres a turning point.

Gen dk 16:20 GMT December 2, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Paris MAXX 16:19 GMT December 2, 2004 Reply   
Jim..I bought it because its looking a bit cheap...but the move down has been vicious...

River Falls_USA_ PB 16:18 GMT December 2, 2004 Reply   
for those techs march bonds have breached supportof a head and shoulders pattern with mucho volume - couple that with similar pattern in oil and we are headed for a year end rotation with the $ quickly following and then leading. IMO gt

LA Ty 16:18 GMT December 2, 2004 Reply   
EUR has hanging man and CHF has hammer... Hmmm maybe there's even more to come.

Makassar Alimin 16:18 GMT December 2, 2004 Reply   
euro's important support around 1.3230 is still holding well, very stubborn from bears point of view, but we all know that below that support level there are hidden treasures!

Bruxville Jim 16:18 GMT December 2, 2004 Reply   
MAXX// It was above 50.00 the day before yesterday...
Some 15% discount now:)
Maybe they will discount more?

Gen dk 16:16 GMT December 2, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Paris MAXX 16:16 GMT December 2, 2004 Reply   
Yes Jim.. I went long @ 43.10!

Geneva 16:14 GMT December 2, 2004 Reply   
Have a nice and long trip south.

Bruxville Jim 16:14 GMT December 2, 2004 Reply   
US Oil below 43.00

London Zappy 16:12 GMT December 2, 2004 Reply   
I'm not going long E$ until $/chf and $/yen stop rising. May even wait till after NFP

Dallas GEP 16:12 GMT December 2, 2004 Reply   
If EURO breaks 1.3230...probably will short some more

gold coast martin 16:12 GMT December 2, 2004 Reply   
fwiw.......with euro if 13175 is breached we will not see a reversal to 13345...until then mind your risk......g.t

River Falls_USA_ PB 16:11 GMT December 2, 2004 Reply   
methinks this is what we have all been waiting for...me 2 weeks. It will be like pick a card, any card as long as it has USD on it. gt gl I have lowered my possie stops in €/$ to 3280and had lots of fun scalping. gt gl

dc fxq 16:11 GMT December 2, 2004 Reply   
FWIW: USDJPY also at daily R$ of 103.29. 103.36, and 103.44 next resistance.

Helsinki iw 16:11 GMT December 2, 2004 Reply   
If EUR/USD closes like this today, we have a daily key reversal down at the end of a very steep uptrend. Oftentimes a very strong indicator.

Makassar Alimin 16:11 GMT December 2, 2004 Reply   
whatever happens today, i am glad that cable finally shows its true nature, today we are back to over 200 pips range....well done

LA Ty 16:10 GMT December 2, 2004 Reply   
hammer on CHF...still bullish pressure.

London Zappy 16:10 GMT December 2, 2004 Reply   
Good for you GEP :)

LA Ty 16:09 GMT December 2, 2004 Reply   
next GBP support at 9131

Tallinn viies 16:08 GMT December 2, 2004 Reply   
stop at 1,3264 was done. bought again at 1,3250
stop and reverse at 1,3219

Dallas GEP 16:08 GMT December 2, 2004 Reply   
Took profit on EURO shorts @ +50 pips

LA Ty 16:07 GMT December 2, 2004 Reply   
If this current 5 minute candle on EUR + GBP closes and there is not another bull candle we could see even more of a drop in EUR + GBP.

Gen dk 16:07 GMT December 2, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Trieste LC 16:06 GMT December 2, 2004 Reply   
usd chf 1,1560/70

FloridA vv 16:06 GMT December 2, 2004 Reply   
Now we have to watch Eur/Jpy and Gbp/Jpy - little correction in Usd/Jpy will smack those down a couple of hundreds pips
GT

Livingston nh 16:06 GMT December 2, 2004 Reply   
The contribution to trade defict of higher cost oil and fuels over the last two years has been approx $6bio a month (last report) but it is unlikely that oil will revert to the mid-$20s over the next year -- so maybe a $3bio /mo savings

Trieste LC 16:06 GMT December 2, 2004 Reply   
Thats what I talking about....
usd chf 1.560/70 just a begining yeaa baybi

Makassar Alimin 16:05 GMT December 2, 2004 Reply   
Hong Kong B747 16:01 GMT December 2, 2004

i will check today's closing price and place my bet tomorrow, with the yen pairs yes i am with you

LA Ty 16:05 GMT December 2, 2004 Reply   
wow..we could even have more.. im amazed.

gold coast martin 16:04 GMT December 2, 2004 Reply   
prague viktor 16:00 GMT December 2, 2004
oil currently at 43.70..looks like the last funds exiting.....oil to consolidate around 38 medium term,,,,,,,,as i posted before the same process that has occured in the oil with funds exiting ,the same fate will happen to euro ,,,beginning the 16-19th on december.....g/t

dc fxq 16:04 GMT December 2, 2004 Reply   
1.3250 was my criticcal support level for the day (S$) the next is at 1.3226 (S5).

LA Ty 16:04 GMT December 2, 2004 Reply   
even if there's more, its not worth it to me to lose my profit. I'm waiting for the next trend.

LA Ty 16:03 GMT December 2, 2004 Reply   
i think that was the final push for a bit..im closed.

Makassar Alimin 16:02 GMT December 2, 2004 Reply   
LA Ty 15:57 GMT December 2, 2004

well done, all fantastic calls!
looking forward to more of your ongoing participation

LA Ty 16:02 GMT December 2, 2004 Reply   
maybe support for EUR @ 3250 and support for GBP @ 9201

Hong Kong B747 16:01 GMT December 2, 2004 Reply   
alimin,

are we on the same ride with the same destination?

gt

perrie como 16:00 GMT December 2, 2004 Reply   
seemingly tough times for short termers to continue ...

g/l

off from microwave ..am against OGMs bi

LA Ty 16:00 GMT December 2, 2004 Reply   
more more more lol

prague viktor 16:00 GMT December 2, 2004 Reply   
gold coast martin ..g.day! can we see the same fall in euro like it s now with the oil sharp and fast G/T

LA Ty 15:59 GMT December 2, 2004 Reply   
I hope to make a 'beeeellion' dollars by tomorrow. Hopefully the next Euro session will be crazzzy. I LOVE 5 minute charts.

River Falls_USA_ PB 15:59 GMT December 2, 2004 Reply   
fwiw re: oil - "The better than 10% correction in oil is too big even for the most jaded USD bears to ignore. Lower oil prices, if sustained, will help dramatically correct the US current account imbalance more quickly than any other single factor. The current
account gap could shrink to merely enormous from its present colossal size." gt gl

Bahrain Within 10 Pips 15:58 GMT December 2, 2004 Reply   
Eur/Chf?
Sell?

LA Ty 15:57 GMT December 2, 2004 Reply   
good point Makassar... thanks Gold Coast

gold coast martin 15:54 GMT December 2, 2004 Reply   
LA....TY...lol...dont get time to surf unfortunately...i just surf my systems macrowaves and microwaves....more profitable...cheers and welcome to the forum....

Makassar Alimin 15:54 GMT December 2, 2004 Reply   
Chicago CME 15:46 GMT December 2, 2004

agree there mate, however maybe i am a little bit more aggresive, for me a direct break into 1.89 handle for gbp is considered bearish, until then we are still in the bulls area, i wouldn't be surprised to have a large consolidation area for early next year even should cable dips to 1.9050

i could be wrong now about the closing of gbp mentioned before assuming previous day range held (which it didn't), but the way i see this is a process of shaking up weak positions for tomorrow's action, so expect good reaction move tomorrow after important data, good trades everyone

LA Ty 15:54 GMT December 2, 2004 Reply   
I gained 65 pips over night in EURO session too. 65+60=125 pips so far today :)

LA Ty 15:52 GMT December 2, 2004 Reply   
keep in mind that CHF is at a pretty strong resistance level. A break through 1501 would be pretty crazy.

Roumeli anka 15:52 GMT December 2, 2004 Reply   
usdchf : forming the small correction mentioned here

http://www.ttrader.com/mycharts/charts/contrarian/chfd2711.gif

LA Ty 15:51 GMT December 2, 2004 Reply   
Thanks Aussie :) any surfing today ?

Antwerp Tom 15:51 GMT December 2, 2004 Reply   
Is this the beginning of the long awaited healthy correction?

singapore kingpin 15:51 GMT December 2, 2004 Reply   
[eur 1.3290]Buyer beware, target of 1.29xx and 1.8888 will be seen soon

Helsinki iw 15:51 GMT December 2, 2004 Reply   
Re Cable: It is now trading at the upper daily bollinger band (1,9247 currently, band settings 21d and 2,0 std),so it has unwound all of it´s o/b status. It wont necessarily drop much more unless general dollar strength comes into play. Which looks possible now. IMHO

gold coast martin 15:50 GMT December 2, 2004 Reply   
LA Ty 15:47 GMT December 2, 2004
Doing good so far ...keep it up.....g/t

Chicago CME 15:50 GMT December 2, 2004 Reply   
(continued) and now we see the mkt returning back to equilibrium?

Chicago CME 15:48 GMT December 2, 2004 Reply   
I wonder how much of this crude move is the "mkt" pushing the liquidation levels against CAO?

LA Ty 15:47 GMT December 2, 2004 Reply   
EUR 'could' test 3250, but only if it breaks 3275

GER ad 15:46 GMT December 2, 2004 Reply   
Short Cable,
Out at 1.9240

Chicago CME 15:46 GMT December 2, 2004 Reply   
In the cable nothing significant until we get below 1.8830.

NJ RT 15:46 GMT December 2, 2004 Reply   
LA Ty Thank you

LA Ty 15:45 GMT December 2, 2004 Reply   
but all of this could signal even more of a ralley..but dont hold your breath.

LA Ty 15:44 GMT December 2, 2004 Reply   
but EUR support is strong at 3275 , GBP support at 9226 ish

Gen dk 15:44 GMT December 2, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

LA Ty 15:43 GMT December 2, 2004 Reply   
NJ RT > im all closed out... no stops

Chicago CME 15:43 GMT December 2, 2004 Reply   
EUR: Not sure we'll get down that far but hearing good size stops scaled below 1.3230

LA Ty 15:43 GMT December 2, 2004 Reply   
+ 50 pips total. brilliant !

NJ RT 15:42 GMT December 2, 2004 Reply   
LA Ty : what's your stop for EUR/USD ?

LA Ty 15:42 GMT December 2, 2004 Reply   
closed out right at the s/r levels.

Dallas GEP 15:42 GMT December 2, 2004 Reply   
OK gbp backed up and took stop at BE.....stop on euro is 1.3320

LA Ty 15:42 GMT December 2, 2004 Reply   
i got the GBP + EUR short VERY nicely :)

Chicago CME 15:41 GMT December 2, 2004 Reply   
stampede for the exits in the energy complex.....

Dallas GEP 15:39 GMT December 2, 2004 Reply   
will close gbp at 1.9221 and euro at 1.3260

Makassar Alimin 15:38 GMT December 2, 2004 Reply   
that gbp long suggestion unfortunately didnt work, range couldn't hold and now we have a wider day range and it will be interesting to see where cable closes today

Dallas GEP 15:37 GMT December 2, 2004 Reply   
SHorted euro 1.3299, short cable 1.9251

Moscow Hawk 15:36 GMT December 2, 2004 Reply   
What can I add? Just take care with USD shorts. Regarding EUR/USD short possie if sell and do not want to take a bigger risk move stop to entry. But 1.34 stop is the right one.

Good luck

Dallas GEP 15:34 GMT December 2, 2004 Reply   
CABA, I suspect GBP will short FASTER than Euro which it is STARTING to do that now. So that would result in EUR/GBP longing but since EUR is shorting too I would suspect the top side to be limited right now to 6915/20 area Bottom around 6870.

Gen dk 15:30 GMT December 2, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Dallas GEP 15:29 GMT December 2, 2004 Reply   
Took profit on AUSSIE shorts +33

prague viktor 15:21 GMT December 2, 2004 Reply   
prague jv 15:08 GMT December 2, 2004..
Riga Ria..I closed all my czk long at mkt look out the cnb start screaming about the usd/czk level and the czk /euro G/T

Philadelphia Caba 15:21 GMT December 2, 2004 Reply   
Good morning everyone + GT to all!

GEP, may I ask you on your view on eurgbp, especially how long can take consolidation after gbp run? Thanks.

Makassar Alimin 15:20 GMT December 2, 2004 Reply   
anyone wants to try buying cable soon with stop below today's low, say 1.9280? this is betting the day range will hold for a nice run to 1.9350 at least (assuming the day range hold of course)

Toronto EDP 15:16 GMT December 2, 2004 Reply   
Tallinn Viies...what effect, if any, do you think lower oil price would/could have on eur/usd ? Is it likely to strengthen or weaken USD ? Thanks for your appreciated posts.

Dallas GEP 15:10 GMT December 2, 2004 Reply   
Your welcome CDB. Nice trade

dc fxq 15:09 GMT December 2, 2004 Reply   
Halifax CB 15:04 GMT

not at the moment, but I do remember some of my compatriots who were with the "gun and run" money managers in the early 1970's wound up driving cabs and selling shoes at Thom McAn.

:)

Tallinn viies 15:09 GMT December 2, 2004 Reply   
crude is still under heavy selling pressure.
we could see 43,30-43,50 today imo

prague jv 15:08 GMT December 2, 2004 Reply   
my feeling is , that there is some ice in the wather and it is not far away till the think hit some iceberck and could sing OVeuroBOUGHT.

JHB CDB 15:07 GMT December 2, 2004 Reply   
Hi GEP

I just want to thank you, with your setup, I got over 25 pips on the JPY/USD much earlier, EURO session

River Falls_USA_ PB 15:07 GMT December 2, 2004 Reply   
gold coast martin 15:01 GMT December 2, 2004 ///thanks-totally agree - just wanted know what you were thinkin? gt

Halifax CB 15:04 GMT December 2, 2004 Reply   
LoL dc fxq....But none of those guys are standing on the corner, begging for change though...

prague jv 15:02 GMT December 2, 2004 Reply   
market is like wind in the box now .So it is time to adjust some thinks in it .
Takeing on new possition short eur/usd and long usd/jpy , keeping long eur/jpy short eur/gbp and long gbp/usd from couple days back to keep some balance in it .

Dallas GEP 15:02 GMT December 2, 2004 Reply   
No Raton, I post so you can bust my chops over some useless BS.

gold coast martin 15:01 GMT December 2, 2004 Reply   
gold coast martin 13:24 GMT December 2, 2004
.....with the SNB threating to intervene early in week market left chf alone and flows started to go into GBP..The lack of flows into the swissie has left it with thin liquidity and a lot of model funds seized on this and have been playing football with it since....down to 11355..up to 11445+......g/t

RIVER FALLS.....Above is a post of an example that has been occuring this week.....simple answer to your question without all the economic hypotheses is:funds simply seize on a market weakness and run with it....Halifax cb hit the nail on the head.....good trades and best of luck.....

Boca Raton 15:00 GMT December 2, 2004 Reply   
Dallas, do you talk just to hear your own voice?

dc fxq 14:59 GMT December 2, 2004 Reply   
Halifax CB 14:54 GMT

yes they are all genius' like the rocket scientists at LTCM (RIP)

AGuy

I know the feeling too!

Dallas GEP 14:58 GMT December 2, 2004 Reply   
There is a difference in between sessions in how you have to TP on possies. The US session is generally the choppiest and you have to take profit QUICKER because the swings happen quicker. I personally DO NOT like to trade US BUT at least there is movement.

Stockholm AGuy 14:56 GMT December 2, 2004 Reply   
dc fxq 14:47 GMT:

Thank you for the kind words. Truth be told though, most of the time this market makes me feel more like a pig. Oink!

Gen dk 14:55 GMT December 2, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Halifax CB 14:54 GMT December 2, 2004 Reply   
Hi Stockholm - A CB can certainly weaken it's currency anytime it wants; but it can only do so if the side effects are more acceptable (whether sterilized or not) than the effect they seek to acheive. Right now the most they could hope to do (really) is temper the rise of the Euro & GBP; with the massive imbalance of USD in CB reserves and personal holdings, even that's dubious. Hedge funds step in to simply accelerate the process. IMVHO (of course :)

River Falls_USA_ PB 14:53 GMT December 2, 2004 Reply   
I truly believe that most current intervention talk is political,which is about 2% of the book I read. Remember the US strong $ policy being touted since the beginning of Bush's first adminisitration? Now go back to your charts at Jan 2001 - some policy. gt gl

London. 14:51 GMT December 2, 2004 Reply   
jkt-aye 14:45 GMT you had better read the article in the Wall Street Journal.

River Falls_USA_ PB 14:49 GMT December 2, 2004 Reply   
Halifax CB 14:36 GMT December 2, 2004 ///IMO the expamples you speak of were focused on equities and commodities, both of which have "closed end" features unlike the massive open interest and liquidity of the currency futures and forex markets. gt

dc fxq 14:47 GMT December 2, 2004 Reply   
Stockholm AGuy 14:42 GMT

you are a gentleman AND a scholar AGuy! Your point is precisely correct re: Soros and others of the same ilk. Since the US isn't propping up USD its is beholden to its trading partners (BoE, ECB, MoF, BoCanada, etc,) to act on their own interests if, as and hwen the threshold of pain is exceeeded,

jkt-aye 14:45 GMT December 2, 2004 Reply   
London 14.38
...If confirmed by non-farm payrolls tomorrow this should be able to put a break on speculative dollar selling- near term.

Would you plz enlighten me abt that (due my lack of funnymental term). TIA

London 14:45 GMT December 2, 2004 Reply   
Despite cheap dollar, Europeans seem wary of massive U.S. acquisitions
LINKWith the euro soaring against the U.S. dollar, some analysts say European companies on the lookout for bargains would charge into America, snapping up easy acquisitions.

London-based Lakshimi N. Mittal announced that his Dutch company would purchase for $4.5 billion Wilbur Ross' International Steel Group Inc.,

Stockholm AGuy 14:42 GMT December 2, 2004 Reply   
Halifax CB 14:36 GMT: "Soros and the GBP, and later the Asian Currency Crisis"

Both those examples are about central banks trying to maintain their own currencies at artificially high levels (you could add Russia and Argentina to the same category). As has often been pointed out here, CBs have a virtually unlimited ability to weaken their own currency, but only a limited ability to strengthen it through intervention - once their foreign currency reserves are depleted, that's it.

perrie como 14:40 GMT December 2, 2004 Reply   
It will happen but not now...maybe for Xmas or later on January fits better if has to

London. 14:38 GMT December 2, 2004 Reply   
Wall Street Journal story by Greg Ip arguing the Fed is noticing inflationary pressures starting to build. The Monster jobs index of online job offers has also come out as the highest since they started the index last year. If confirmed by non-farm payrolls tomorrow this should be able to put a break on speculative dollar selling- near term.

Dallas GEP 14:38 GMT December 2, 2004 Reply   
Well KAT, quite frankly I don't waste too much money on hitting stops THANKS

Halifax CB 14:36 GMT December 2, 2004 Reply   
River Falls, Stockholm - Re. hedge funds and forex, I thought Soros and the GBP, and later the Asian Currency Crisis, were classic examples of hedge fund activity (albeit exploiting underlying problems). I guess there's lot's of people who believe it can never happen again....

GVI john 14:35 GMT December 2, 2004 Reply   
ANALYSIS COURTESY: PD CUMINO

GVI SURVEY:
The GVI-Cumino bull index can range from 0% to 100%. 50% is neutral. Values above 50% are increasingly bullish as the numbers rise. Below 50%, they turn increasingly bearish. Changes in components reflect the latest perception about price equilibrium and are thus used as an indication of sentiment shifts.

COMMENTS:
EUR/USD:
1) Short term: 45% (45%) unchanged. Bearish in absolute terms. Also the components were unchanged. This reading is more bullish than the previous one after the recent significant jump in EUR/$. Slightly smaller neutral camp.

2) Three month: 45% (52%). Bearish in absolute and relative terms. This is the third downward forecast despite the third straight improvement in the EUR/USD spot. Strong bullish 25% (36%), strong bearish 36% (32%), neutrals 39% (32%). See also my opinion below about the three month USD/JPY.

USD/JPY:
1) Short term: 43% (49). Bearish in absolute terms and against previous reading. What is interesting is that a closer reading of the bull index shows a fall in the bullish component to 22% from (35%), strong bearish were unchanged at 36% (37%) neutrals are 43% (29%).

2) Three month: 52% (44%). Strong USD bullish sentiment. This is the highest reading in our history. As for the components, strong bearish were unchanged 29% (31%), neutrals fell to 38% (50%), and strong bullish were 33% (19%). Respondents appear to have no faith in the structural arguments for a weak dollar.

INREREST RATES: Slightly bullish reading, but some caution because data aren't homogeneous.

OIL 3M: 34%(44%) Strong bearish, in absolute and relative terms. Among components bullish 9% (11%), neutrals 51% (65%), bearish 40% (24%). Some in neutral camp turned bearish.

The high oil price, notwithstanding the solid arguments about demand and geopolitics, have not convinced many, who have remained stubbornly bearish since the beginning of survey.

Tallinn viies 14:34 GMT December 2, 2004 Reply   
from IFR:
EUR/USD: National Central Bank Selling At 1.3330

fwiw

Tallinn viies 14:33 GMT December 2, 2004 Reply   
we have less than 30 minutes to take out option at 1,34
fingers crossed

Turbanville drunken kat 14:32 GMT December 2, 2004 Reply   
GEP, censored umption is the mother oh all fu...ckups
fundamentally wrong trade , istead shorting strong trend why dont you go along, youre wasting your cash on stops

buy cable on dips by tomm you ll be 100 pipoz up

GVI john 14:30 GMT December 2, 2004 Reply   
Thanks to all who participated.

The Bi-Weekly Survey of professional forex traders by Global-View.com, the original forex forum resulted in a mean forecast for the eur/$ for December 16, 2004 of 1.3208. The mean $/yen forecast for that same date was 102.62.

The mean three month forecast for the eur/$ was 1.3139, after 1.3022 two weeks earlier. The mean $/yen forecast for the same period was 102.89, after 105.18 .

36% saw Fed Funds at 2.50% at the end of 1Q05, and 26% saw 2.75%.

The mean Crude Oil price forecast in three months was $46.69 after $45.03.

In a special question, 58% said the odds of forex intervention were 30% or less between now and the end of 1Q05 compared to 72% two weeks earlier.

For complete survey results go to:
CLICK TO VIEW

River Falls_USA_ PB 14:28 GMT December 2, 2004 Reply   
Makassar Alimin///someone posted a few days ago that, in reality intervention is an ongoing policy...just not as transparent as we might think. IMO Euro whacking would not openly take place until it is north of 1.60 - when exporter's really feel the pinch and the arbitrage of other currencies by their bank managers no longer make enough difference in their business margins.

Dallas GEP 14:27 GMT December 2, 2004 Reply   
BTW on Aussie short I have a Stop and Reverse at 7847

Turbanville Dr Unken Katt 14:25 GMT December 2, 2004 Reply   
"expertise " by "experts " claimz it ll go up to 8300 next year

dont forget the %rate they got there

dc fxq 14:23 GMT December 2, 2004 Reply   
Makassar Alimin 14:20 GMT

Likely true of ECB and BoE but the MoF will act if exporters start hollering "uncle" too often and too loud I think.

Dallas GEP 14:22 GMT December 2, 2004 Reply   
Well Dr. KAT, Interesting doesn't pay much!!! LOL Hopefully short term it will go down and bounce off 7770 level again.

Makassar Alimin 14:20 GMT December 2, 2004 Reply   
i would say that under these circumstances, intervention can't do much anyway, they might as well just let dollar slides on its course, let us gov fix their own problems and let market dictates where dollar should go next...i am more and more convinced that no intervention for the rest of this year

dc fxq 14:19 GMT December 2, 2004 Reply   
River Falls_USA_ PB 14:15 GMT

Let me jump in on this too ....

Just look at the timing of the initial spike higher in EURUSD yesterday. Just after the IMM futures closed and when many US desks were going into a settlement mode.

Whenever spikes take place in typically low volume time periods it is spec accounts who are in play.

Stockholm AGuy 14:19 GMT December 2, 2004 Reply   
River Falls_USA_ PB 14:15 GMT:

You are a cruel, cruel man! :-)

Gen dk 14:18 GMT December 2, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

SW FLA Fr_Guido 14:16 GMT December 2, 2004 Reply   
Does anyone agree with Ashraf Laidi on cable posted last night at 6 PM forexnews?

"Breaking the key $1.9140 level past $1.93, cable could extend to $1.9360, before retreating to as low as 1.9050 as early as tomorrow. Support follows at 1.9020 and 1.8870."

River Falls_USA_ PB 14:15 GMT December 2, 2004 Reply   
gold coast martin 14:00 GMT December 2, 2004 ///would you mind posting a thoughtful explanation for your view on how spec funds could dominate forex...even for a short move...the way you suggest? TIA gt/gl

toronto drunken kat 14:15 GMT December 2, 2004 Reply   
gep yuore always have intersting trades , you better take it
couse aussie isnt that short , today Range trading , high 7828
low 7892

Dallas GEP 14:13 GMT December 2, 2004 Reply   
Out those EUR/GBP longs at BE earlier. Eur/gbp more difficult to trade than normal right now because of how bullish GBP WAS.

London JMB Futures 14:12 GMT December 2, 2004 Reply   
Sterling futures going a bit crazy on this ... don't know whats causing it... gilts very rarely gap like that

Halifax CB 14:12 GMT December 2, 2004 Reply   
Florida vv - I figured "verbal discipline is of the essence" just means they don't have much else they can do except jabber, or they've agreed under the table to let this continue. A typical "made in Europe" solution....

toronto drunken kat 14:11 GMT December 2, 2004 Reply   
cable s target 9456
yen s target 10152

Dallas GEP 14:10 GMT December 2, 2004 Reply   
Shorted Aussie 7822.

Tallinn viies 14:10 GMT December 2, 2004 Reply   
silence is golden
opportunity to buy more euros and keep stop under previous day low.
reistance at 1,3380/85. talks that exotic at 1,3400 expires today. I doubt but nevermind.
top pickers probably selling at 1,3360/65 level and stop over previous high imho

Boca Raton 14:07 GMT December 2, 2004 Reply   
Maybe a seller?

London JMB Futures 14:06 GMT December 2, 2004 Reply   
Gilts just gapped 10 ticks ... trying to find out why

Jakarta sexy4 14:03 GMT December 2, 2004 Reply   
lol,MoF has ready w all amunitions,wacthout 2002 ugly intervention.

Roumeli anka 14:02 GMT December 2, 2004 Reply   
it means, no more talks, we will act !

Makassar Alimin 14:00 GMT December 2, 2004 Reply   
LOL, i am sick of this intervention/no intervention thing myself, they are bunch of hypocrites, say one thing on one occasion and another thing on other occasion

gold coast martin 14:00 GMT December 2, 2004 Reply   
another perfect opportunity for spec.funds to take the euro to new highs.....

dc fxq 13:58 GMT December 2, 2004 Reply   
AGuy:

As an aside, silence tends to precede intervention (surprise effect to maximize pain in spec portfolios).

Agree fully, as is the case when MoF is quiet.

dc fxq 13:56 GMT December 2, 2004 Reply   
but there is "UNITY" on waffling!

FloridA vv 13:55 GMT December 2, 2004 Reply   
Verbal discipline on Forex is now of the essence"
Probably That means Sh.ut up all of you, we will intervene when all of you, small fishes are long. LOL

Stockholm AGuy 13:55 GMT December 2, 2004 Reply   
dc fxq 13:49 GMT: "Could someone translate this for me?"

It means "everybody shut up". No more ECB board memebers, politicians and others running around saying that they are either worried or not worried, giving markets more stuff to "react" to, i.e. spin the way the market is already poised.

As an aside, silence tends to precede intervention (surprise effect to maximize pain in spec portfolios).

Paris MAXX 13:54 GMT December 2, 2004 Reply   
Talk is cheap!

Antwerp Tom 13:54 GMT December 2, 2004 Reply   
fxq, Schröder and alike should shut up concerning fx...

gold coast martin 13:53 GMT December 2, 2004 Reply   
gold coast martin 13:51 GMT December 2, 2004
WELL;;The more he keeps quit the higher the euro will go ....AS THIS INDICATES NO ECB INTERVENTION....


FloridA vv 13:52 GMT December 2, 2004 Reply   
Trichet: "Recent moves in Eur are unwelcome and will not comment on joint intervention", "Verbal discipline on Forex is now of the essence"

gold coast martin 13:52 GMT December 2, 2004 Reply   
"NO COMMENT"....

Miami OMIL (/;-> 13:52 GMT December 2, 2004 Reply   
Support tested for eur/usd pair but no penetration, as the market will probably try for the resistance line and continues to jockey for position for the NFP tomorrow IMHO. GL GT

dc fxq 13:49 GMT December 2, 2004 Reply   
Could someone translate this for me?

TRICHET: Verbal discipline on the FX is now of the essence.

???????

dc fxq 13:46 GMT December 2, 2004 Reply   
Makassar Alimin 13:41 GMT

...actual topic subject is "The Logic of Monetary Policy", sounds like an economist's wet dream to hear at a luncheon meeting doesn't it!?

LOL

Makassar Alimin 13:41 GMT December 2, 2004 Reply   
dc fxq 13:38 GMT December 2, 2004

cheers mate, roger that
i dont expect anymore surprise today myself, will focus more for tomorrow's events with plenty of important data and two fed officials speaks

dc fxq 13:38 GMT December 2, 2004 Reply   
Makassar Alimin 13:29 GMT

yes, that is true but it is hardly a market mover in itself. The topic is monetary policy and we all know that the bias is and remains gradual tightening. He won't say anything contrary to that.

Jakarta sexy4 13:34 GMT December 2, 2004 Reply   
Good day traders,
Any view/comment for usd/jpy?thx.GT/GL.

London Zappy 13:34 GMT December 2, 2004 Reply   
Cheers CB & Allmin.
I thought there was somthing today.

Makassar Alimin 13:29 GMT December 2, 2004 Reply   
dc fxq 13:22 GMT December 2, 2004

i thought bernanke is supposed to speak on monetary policy at 12 EST?

Tallinn viies 13:29 GMT December 2, 2004 Reply   
second test of 1,3305/10 failed also.
now after 1,3340 traded euro could be ready to test 1,3410/15 before NYC close

Halifax CB 13:27 GMT December 2, 2004 Reply   
London Zappy: US Fed's Bernanke Speaks on Monetary Policy in Washington DC at 1700 GMT. Is that what you are looking for?
That's off this link.

London Zappy 13:27 GMT December 2, 2004 Reply   
cheers fxq,
been too out of the game lateley. Waiting for bigger correction before going long E/$ again. Also watching $/chf and $/yen for clues. (all IMHO)

KL KL 13:25 GMT December 2, 2004 Reply   
Long eurusd 1.3318 sl 7 gbpusd 1.9321 locking in 3,5,7 pip gain for gbpusd.....wow out 1.9337 +16...letting eurusd run

dc fxq 13:22 GMT December 2, 2004 Reply   
London Zappy 13:01 GMT


????? no FED meeting or key speakers today, just weekly UIC in 8-9 minutes and factory orders at 1500 GMT (1000 ET).

Tallinn viies 13:21 GMT December 2, 2004 Reply   
slow stochastic with 5,3,3

sydney gvm 13:12 GMT December 2, 2004 Reply   
Tallinn viies 13:08

stochastics - can I ask what parameters you use on the hourlies - mine hasnt crossed yet (slow 21/3/3)

Trieste LC 13:09 GMT December 2, 2004 Reply   
Us interest rate will go higher soon
for EU I don t thing soo
correction is on the line just my opinium

Tallinn viies 13:08 GMT December 2, 2004 Reply   
support at 1,3205/10.
people are buying here at 10/15 area.
hourly stochastic crossed higher from oversold levels. should push euro up to 1,3380/85 again.

LA Ty 13:04 GMT December 2, 2004 Reply   
it likes to take everyones stop loss then move back

LA Ty 13:03 GMT December 2, 2004 Reply   
gbp is gonna bounce off 9291 prolly

Hong Kong Qindex 13:02 GMT December 2, 2004 Reply   
Hong Kong Qindex 00:54 GMT December 2, 2004
GBP/CHF : Current expected trading ranges of my 44-day cycle reference (24/11).


... // {2.1504} - 2.1596 - 2.1687 - 2.1778 - 2.1869* - 2.1961 - 2.2052 - 2.2143 - 2.2234 // ...

London Zappy 13:01 GMT December 2, 2004 Reply   
what time is FED?
Any ideas on statement and reaction?

Hong Kong Qindex 13:00 GMT December 2, 2004 Reply   
USD/CAD : Current Comment.  Register with Jay at [email protected] if you have no access to my page.

Paris MAXX 12:58 GMT December 2, 2004 Reply   
I ll we cut out short cable at 192.90 ish....but re -sell if it trades at 80

LA Ty 12:57 GMT December 2, 2004 Reply   
guess GBP might bounce off 9291 then ?

LA Ty 12:53 GMT December 2, 2004 Reply   
wow.. good thing i waited lol

Hong Kong Qindex 12:52 GMT December 2, 2004 Reply   
EUR/CHF : Current Comment.  Register with Jay at [email protected] if you have no access to my page.

LA Ty 12:49 GMT December 2, 2004 Reply   
yes, totally low volume, prolly take a year to make 30 pips lol

Pecs Andras 12:46 GMT December 2, 2004 Reply   
ECB leaves int rates unch

sydney gvm 12:46 GMT December 2, 2004 Reply   
Sold USD-CHF again @ 1.1441 stop 114.76 TP open
This rally is totally unimpressive

LA Ty 12:45 GMT December 2, 2004 Reply   
long GBP, short CHF

Hong Kong Qindex 12:43 GMT December 2, 2004 Reply   
USD/JPY : Current Comment    Register with Jay at [email protected] if you have no access to my page.


KL KL 12:40 GMT December 2, 2004 Reply   
out gbpusd short...+5 at 30 ...not much competitive advantage.....maybe good for entry only...it caught up somehow...oh well just waiting aimlessly now until NY...ok getting some shut eyes first

LA Ty 12:38 GMT December 2, 2004 Reply   
lol....waiting...holding...

LA Ty 12:34 GMT December 2, 2004 Reply   
im still waiting to enter short CHF

LA Ty 12:32 GMT December 2, 2004 Reply   
at best

LA Ty 12:31 GMT December 2, 2004 Reply   
GBP will proably just bounce off 1.9292 again

FL MC 12:30 GMT December 2, 2004 Reply   
KL, are you on a demo ?

Hong Kong Qindex 12:29 GMT December 2, 2004 Reply   
USD/CHF : Current Comment.  Register with Jay at  [email protected] if you have no access to my page.


KL KL 12:27 GMT December 2, 2004 Reply   
short gbpusd 1.9335...sl 10...I have been observing that my platform have a few pip delay to other platform and live news channel. Lets see if it is my eyes or competitive advantage....shhhh

Dublin Flip 12:22 GMT December 2, 2004 Reply   
PAR the UK budget deficit is less than 3% of GDP whereas wehn you add back in the cash "borrowed" from the Welfare/Medicare budget the US Budget debacle is running closer to 6% of GDP. Their Debt level also got increased to 8.2 trill the other day that 75% of GDP and we won't even go into the amount that it would be if we included the social security/healthcare obligations.
Lets just say the US growth miracle is deeply intertwined with their government's propensity to borrow from tomorrow to pay for today.

Gen dk 12:16 GMT December 2, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

LA Ty 12:13 GMT December 2, 2004 Reply   
chf might hover around 1451 for a while

Hong Kong B747 12:13 GMT December 2, 2004 Reply   
alimin,

have the target and the time to reach it; will increase the position to meet the yields I want in case that it will take longer than I assume now.

I had the pleasure to meet the legend, he is very smart loving money man...I see him as deep pockets guru :-)

gt

LA Ty 12:12 GMT December 2, 2004 Reply   
well, either a retracement or correction LOL...we'll see.

Trieste LC 12:10 GMT December 2, 2004 Reply   
just waiting for a deeper correction
first 1.1560-70 usd chf

dc fxq 12:09 GMT December 2, 2004 Reply   
PAR 12:05 GMT

probably just ignore it as they've done with poor EMU economic stats. Much easier to point the finger elsewhere than home I believe.

LA Ty 12:06 GMT December 2, 2004 Reply   
heres the turning point... lets see what happens.

PAR 12:05 GMT December 2, 2004 Reply   
When will market focus on the UK current account and budget deficits caused by USA style consumption and borrowing ?

Makassar Alimin 12:03 GMT December 2, 2004 Reply   
Hong Kong B747 11:53 GMT December 2, 2004

thx mate, i'll give that trading idea a consideration since i completely missed the euro bull train....what's your timeframe for those eur/jpy and gbp/jpy target btw? middle of 2005?

just realised Qindex is in hk as well at the moment, you guys should meet some time

Tallinn viies 12:00 GMT December 2, 2004 Reply   
at one stage crude futures on electronic platorm were down over 2%. this comes additionally to 7-8% fall from yesterday.

keep buying euros

LA Ty 12:00 GMT December 2, 2004 Reply   
here comes CHF short

LA Ty 11:57 GMT December 2, 2004 Reply   
yes, Nissan has a HUGE factory in USA

LA Ty 11:56 GMT December 2, 2004 Reply   
yeah Nissan's new Tacoma looks like its gonna blow Ford outta the water.

PAR 11:55 GMT December 2, 2004 Reply   
A lot of Japanese and German cars are manufactured in the USA and benefit from the lower dollar.

melbourne farmacia 11:55 GMT December 2, 2004 Reply   
Athens 10:59 GMT – appreciate your informative analysis. GT

LA Ty 11:54 GMT December 2, 2004 Reply   
i typed 'the the' instead of 'how the'. . . see how tired i am ? lol

Hong Kong B747 11:53 GMT December 2, 2004 Reply   
Hi again alimin,

Life is a holiday and work is part of life; so, working holiday describes best.

As market share of Japanese cars in USA is higher then ever, meaning the JPY demand is getting higher and higher; so there is no other way than playing safe and going for a play towards 180 and 124 as first target with impact on EUR/USD and GBP/USD.
Do you know that TOYOTA market value is higher than GM, FORD, Daimler-Chrysler, VW and PSA combined….says enough?

By the way, tomorrow market’s reaction to the job data is very important; we may see if profits taken regarding the last two month’s SUPER-BEAR USD trend.

I hope that the a.m. helps a bit :-)

gt

sydney gvm 11:53 GMT December 2, 2004 Reply   
Stopped @ 114.55 on my short USD/CHF from 114.22 last night - missed my TP @ 113.55 by 9 points - been away from the screen today and cant quite work out whats been going on in the last 6 hours - quick synopsis anyone? TIA

gold coast martin 11:53 GMT December 2, 2004 Reply   
After what we had in the last 2-3 days on the gbp,there is nothing that knees-up mother brown can say or shows us that can move the gbp...if anything we may be looking at 191.75 levels again in the medium term......g/t

LA Ty 11:53 GMT December 2, 2004 Reply   
I'll possibly be selling USD/CHF in about 30 minutes. We'll see the the test of 1451 goes.

Makassar Alimin 11:52 GMT December 2, 2004 Reply   
KL KL 11:46 GMT December 2, 2004

trading mode now, nothing big though, missed the train altogether so just pip raiding for a while, i might have to follow you to be a ninja trader LOL

haha, makassar is near bali btw, it is the capital of south sulawesi province, and sulawesi is the big island which looks similar to letter 'K'

San Diego DC 11:49 GMT December 2, 2004 Reply   
EUR/$,
The next measured move target possibilities for EUR are 1.3425 area and the next one 1.3467 area. Time is more important than price IMHO, EUR has got till Dec 6th to do what it wants before the retracement begins for short-term position trading.. If 1.3467 area is reached well before that time and then it could go higher.

Makassar Alimin 11:47 GMT December 2, 2004 Reply   
guys, what can be anticipated from UK Chancellor Brown Pre Budget Statement? is there anything there that could move gbp? TIA

KL KL 11:46 GMT December 2, 2004 Reply   
Alimin...you still in holiday mode or trading mode..where is makasar btw? Survive bali without the belly wobbly???LOL

LA Ty 11:43 GMT December 2, 2004 Reply   
here comes a retracement

KL KL 11:41 GMT December 2, 2004 Reply   
ok buy on dips now my gbpusd short got taken...its ok still +ve for day...flat and waiting

LA Ty 11:38 GMT December 2, 2004 Reply   
volume has definitley slowed.

Makassar Alimin 11:38 GMT December 2, 2004 Reply   
Hong Kong B747 11:32 GMT December 2, 2004

hi mate, very well here thanks, are you on a holiday trip to hongkong?

i have no access to those stuffs so can't give you feedback, but glad to see you mentioned about yen pairs, was just about asking you about them, so you reckon it is a good time to start shorting gbp/jpy and eur/jpy again?

LA Ty 11:35 GMT December 2, 2004 Reply   
ionno, I cant think anymore.. I'm tired. 65 pips was good for today.

KL KL 11:32 GMT December 2, 2004 Reply   
out gbpusd long at 43 from 1.9292 +51 SAR and short here sl 7 above. Have to test if this is real or fake retrace...time will tell

Hong Kong B747 11:32 GMT December 2, 2004 Reply   
Hi alimin,

how are you mate?
any feedback about my call/position to short IDR?

tia & gt

LA Ty 11:31 GMT December 2, 2004 Reply   
I agree Makassar

LA Ty 11:30 GMT December 2, 2004 Reply   
some dojis on the 5 minute CHF chart. GBP looks more promising for long positions. Same with EUR, but not more than 50 pips.

Makassar Alimin 11:30 GMT December 2, 2004 Reply   
should today's range hold i.e. no more surprise to either side, i think both euro and gbp will close near their opening levels

Moscow Hawk 11:29 GMT December 2, 2004 Reply   
Alex, it is simple. No new high before 1.3100-40 tested in my opinion. Selling EUR/USD here 1.3325-50 with stop at 1.34 could be good r/r trade. Good trades.

LA Ty 11:26 GMT December 2, 2004 Reply   
things are sort of odd right now...something is up.

Hong Kong Qindex 11:26 GMT December 2, 2004 Reply   
EUR/USD : The market may like to take a rest around this lucky number at 1.3388.


Hong Kong Qindex 09:04 GMT December 2, 2004
EUR/USD : The mid-point reference of 1.3259 - 1.3388 is 1.3324.

Hong Kong Qindex 09:03 GMT December 2, 2004
Hong Kong Qindex 09:02 GMT December 2, 2004
EUR/USD : Current expected trading ranges from my 44-day cycle reference (24/11).


... 1.2743* ... // 1.3001 - 1.3130 - (1.3259) - 1.3388 - 1.3517 // ... 1.3775 ...

LA Ty 11:25 GMT December 2, 2004 Reply   
wait for USD/CHF to close around 1430. looks good to sell USD/CHF however, it should retrace therefore theres no point in getting in until the top of the retracement.

Gen dk 11:23 GMT December 2, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Israel Alex 11:20 GMT December 2, 2004 Reply   
Sorry,1.31 .

LA Ty 11:18 GMT December 2, 2004 Reply   
This is where you wait on the USD/CHF. its holding its resistance level of 1451 pretty well.

Israel Alex 11:18 GMT December 2, 2004 Reply   
To Hawk

Kogda eto budet (1.30)? Posle 1.3515?

LA Ty 11:17 GMT December 2, 2004 Reply   
wow, the MACD signals have a long way to go before they show a true reversal.. You might see the USD/CHF fall a bit then head back up. Otherwise it will be a full blown slide of at least 80 pips.

LA Ty 11:15 GMT December 2, 2004 Reply   
I think USD/CHF will go short. If so, I will be 4 for 4 lol

Paris MAXX 11:14 GMT December 2, 2004 Reply   
You may be right LA..I see cable trading in the lo 1.92 region and Euro touching 1.32 50....

LA Ty 11:14 GMT December 2, 2004 Reply   
youre thinking the opposite as me then LOL. I see reversals happening right now, but they could be false.

LA Ty 11:13 GMT December 2, 2004 Reply   
I highly doubt GBP + EUR will continue short.

Paris MAXX 11:12 GMT December 2, 2004 Reply   
Feel it in my bones that dollar will correct further today....

LA Ty 11:10 GMT December 2, 2004 Reply   
6AM in New York...lets see what the next trend has in store.. Will the US market follow this movement we've been riding? We'll find out very shortly.

LA Ty 11:09 GMT December 2, 2004 Reply   
so far I'm + 65 for the day. Maybe I can get another 40 pips in somewhere. Arrgggggg GREEEEEED ! LOL Greed is bad.

LA Ty 11:08 GMT December 2, 2004 Reply   
yeah MAXX...levels are hit again so best to wait for another trend to form. wait for levels to break clean.

LA Ty 11:07 GMT December 2, 2004 Reply   
GBP + CHF have hit their s/r levels just to let you know. GBP + EUR still might continue their down slide though..

Moscow Hawk 11:07 GMT December 2, 2004 Reply   
Think the top for EUR/USD is in place for some time at least till 1.3100-40 will be tested.

Good luck

KL KL 11:06 GMT December 2, 2004 Reply   
well I am out both gbpusd + 10 at 58 SAR here sl 7 above momentum down ...not letting this one get eaten up and usdjpy -1 at 49.

out and SAR gbpusd at 07 +51...focus on this one is the best IMHO...sl 10 below....good trading day

long eurusd 133.11 sl 10...come on this is low enough time to up...good dive to take out stale longs? momentum is turning up hopefully

short usdchf 1.1439 sl 9 above...last one I can afford to take a possie....margin used is at 85%...now 80%...locking in 1 pip on all. Lets see how this sudden bearishness lasts. taken out usdchf +1 pip margin back to 50.

out eurusd +4 at 15...margin back to 23 and out gbpusd at 12 +5....not waiting for my pips to disappear..phew that was quick long again at 1.9292 sl 7 below. Not convince this is the reversal yet!! What a retrace 1.9438 to 1.9292

Make no mistake today is not position trading day and hedgies are out to make money both way. Hopefully this way I spam less..LOL..actually focusing on trades ....very quick day today...

Paris MAXX 11:06 GMT December 2, 2004 Reply   
Justed shorted cable at 19320....long euro/stg but that isnt doing much....

Gen dk 11:06 GMT December 2, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

LA Ty 11:05 GMT December 2, 2004 Reply   
but hopefully GBP will take a nice ride up now.

LA Ty 11:04 GMT December 2, 2004 Reply   
I wouldnt have bought back so soon. Even though you may be lucky, always wait for price to be 20 pips way from s/r levels

Tallinn viies 11:03 GMT December 2, 2004 Reply   
gutten morgen again
1,3305/10 is 38,2% retracement level fwiw
will buy more euros at 1,3280/85 level.

LA Ty 11:03 GMT December 2, 2004 Reply   
its because there was a hanging man, then a doji... once i see that, I'm out.

Paris MAXX 11:02 GMT December 2, 2004 Reply   
Well done LA and thanks you saved me money! I just bought back at 9297..

LA Ty 11:02 GMT December 2, 2004 Reply   
man, I called that 9291.... perfectly LOL

LA Ty 11:01 GMT December 2, 2004 Reply   
i wish i also rode that EUR wave too but it was too sketchy for me.

LA Ty 11:00 GMT December 2, 2004 Reply   
thanks Athens

LA Ty 11:00 GMT December 2, 2004 Reply   
see..definite resistance at 9291.....it could drop more, but I wanted to save my profit... 65 pips isnt bad for a live trade :)

Athens 11:00 GMT December 2, 2004 Reply   
LA Ty, very well done.

GER ad 11:00 GMT December 2, 2004 Reply   
LA Ty 10:54,
1.3280 1 Dec dip
IFR 9:06 USD/JPY BOJ Rate checking stabilises downside...

dc fxq 10:59 GMT December 2, 2004 Reply   
LA Ty 10:54 GMT

read the news wires

Athens 10:59 GMT December 2, 2004 Reply   
Re my 09:22 (1.9440 being the day's O/B level) the market has now yielded a 150 pip move on cable. Those trading the suggested contra should book the profit regardless of the next intraday move.

LA Ty 10:55 GMT December 2, 2004 Reply   
i closed GBP cause it hit 9291..

Paris MAXX 10:55 GMT December 2, 2004 Reply   
LA still short cable? I am.

Tulsa 10:54 GMT December 2, 2004 Reply   
so the JPY uptrend should stop at these levels??

LA Ty 10:54 GMT December 2, 2004 Reply   
"previous day low contains downside" . . . what does that mean? and how do you know the MoF is checking?

dc fxq 10:51 GMT December 2, 2004 Reply   
Tulsa 10:45 GMT

no outright intervention by MoF, just went in and began "checking rates". their way of saing " we are watching very closely "

Tallinn viies 10:50 GMT December 2, 2004 Reply   
good day all
euro still on the road :)
keep buying euros as long as previous day low contains downside
next target 1,3410/15

LA Ty 10:49 GMT December 2, 2004 Reply   
maybe someone can correct me if im wrong.

LA Ty 10:48 GMT December 2, 2004 Reply   
im no expert but I thought that the BOJ wouldnt intervene unless USD continued to drop which its not.

Hong Kong B747 10:47 GMT December 2, 2004 Reply   
averaged EUR/USD shorts @ 1.3330 during the last 18HRS; initial target set @ 1.2725/30
will keep on adding shorts between 1.3430/1.3510 if seen; s/l for total position set for 1.3660/65

added EUR/JPY and GBP/JPY shorts

for fun (and some real big bucks); started short position per XXX/IDR/XXX through options ranging JUL/05-DEC/05

gt all

LA Ty 10:46 GMT December 2, 2004 Reply   
hopefully another push is here

Warsaw mach 10:45 GMT December 2, 2004 Reply   
traders talking about BoJ on the market

Tulsa 10:45 GMT December 2, 2004 Reply   
to the experts...any info on JPY??

Paris MAXX 10:44 GMT December 2, 2004 Reply   
I think while it stays here it looks to break down another 50 tics..

LA Ty 10:42 GMT December 2, 2004 Reply   
Theres a hanging man on GBP which I dont like. But I'll stay in for a bit and see.

LA Ty 10:41 GMT December 2, 2004 Reply   
im hoping.. otherwise an ugly reversal here.

Demo dan 10:40 GMT December 2, 2004 Reply   
...MAN...just made 100,000 big ones on oil on demo....now i have to cash in.....i am rich.....

Paris MAXX 10:40 GMT December 2, 2004 Reply   
I am staying short....just bought some US Crude...

LA Ty 10:39 GMT December 2, 2004 Reply   
GBP support at 9291... EUR support at 3275

LA Ty 10:38 GMT December 2, 2004 Reply   
oic... cool... Ive 'sold both EUR and GBP so well see. I'm hoping for 30 pips on both.

Paris MAXX 10:36 GMT December 2, 2004 Reply   
no i pulled my bid and stayed short after your recomendation...thank you..

Gen dk 10:35 GMT December 2, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

LA Ty 10:34 GMT December 2, 2004 Reply   
MAXX I thoguht you closed the trade at 9350ish ? I sold GBP again..

SBN Sure-fire 10:34 GMT December 2, 2004 Reply   
Our trade is currently in the market now, we are longing at 1.3335 on eur/usd, SL 1.3280 , target 1.34

LA Ty 10:32 GMT December 2, 2004 Reply   
I'm still waiting cause the support is still too close.

Paris MAXX 10:32 GMT December 2, 2004 Reply   
LA ..I am still short cable from 19390...any reversal level?

LA Ty 10:30 GMT December 2, 2004 Reply   
wait...

SBN Sure-fire 10:30 GMT December 2, 2004 Reply   
for DEMO account, actually you are not placing real money/funds into the market....i mean not influencing or support a currency pair and no significant result to be seen:)

Paris MAXX 10:30 GMT December 2, 2004 Reply   
looking good!

LA Ty 10:29 GMT December 2, 2004 Reply   
or they are JUST extending the intraday levels and will reverse.

LA Ty 10:29 GMT December 2, 2004 Reply   
here it goes MAXX. EUR + GBP maybe for a 50 pip run.

LA Ty 10:27 GMT December 2, 2004 Reply   
I mean a dip

LA Ty 10:27 GMT December 2, 2004 Reply   
I'm not paper rtading. just made 50 pips live on a swing

HK confucius 10:26 GMT December 2, 2004 Reply   
BOY!!...WE HAVE SOME REAL GURUS IN HERE TONITE.....JUST A HUMBLE SUGGESTION FOR THE GURUS.....TRADING IN A DEMO ACCOUNT WILL NOT ALLOW YOU TO TAKE YOUR BIG PROFITS!!!!!....

LA Ty 10:25 GMT December 2, 2004 Reply   
earlier today (several hrs ago) I couldnt access FXTREK charts... I have my backups though.

SBN Sure-fire 10:24 GMT December 2, 2004 Reply   
r e f co fx:))

Makassar Alimin 10:24 GMT December 2, 2004 Reply   
anyone else got problem accessing GV fxtrek chart? i couldn't access it or is it under maintenance?

LA Ty 10:22 GMT December 2, 2004 Reply   
'censored' I mean.... just use phonetics lol

LA Ty 10:22 GMT December 2, 2004 Reply   
you have to change sensored to something like Gee F Tee for it to show up on this board.

SBN Sure-fire 10:21 GMT December 2, 2004 Reply   
Sorry about that, but those retail fx firms can't mention out

SBN Sure-fire 10:19 GMT December 2, 2004 Reply   
We trade throught censored firm. How about u guys?

LA Ty 10:19 GMT December 2, 2004 Reply   
KL, market is at a turning point. Good info in posts below.

LA Ty 10:17 GMT December 2, 2004 Reply   
FXQ, if you are talking about us, youre full of it. IF youre talking about other people, we dont care.

KL KL 10:16 GMT December 2, 2004 Reply   
in long gbpusd 1.9348
short usdjpy 102.48 both sl 7

to the moon and depth of sea or the grave?..

LA Ty 10:16 GMT December 2, 2004 Reply   
what is serial posting and what are you complaining about? we are trying to trade here. you are the one who is chatting and not talking trading.

Paris MAXX 10:15 GMT December 2, 2004 Reply   
OK FXQ....sorry new to the forum....no offense...have you got anything useful to add?

dc fxq 10:14 GMT December 2, 2004 Reply   
Paris MAXX 10:06 GMT

newbie or experienced isn't the real point, its the serial posting blather thats offensive and offputting to long time habitues of this forum.

Paris MAXX 10:13 GMT December 2, 2004 Reply   
good call LA...

LA Ty 10:12 GMT December 2, 2004 Reply   
EUR, GBP + CHF are hovering at intraday levels. lets wait and see...

LA Ty 10:12 GMT December 2, 2004 Reply   
thats why I didnt go long on GBP MAXX.. I figured something was up.

LA Ty 10:10 GMT December 2, 2004 Reply   
CHF has a gravestone and doji.... turning point forsure.

LA Ty 10:08 GMT December 2, 2004 Reply   
ok, be alert. potential short EUR + GBP trades. 'If' GBP hits 9330 watch for GBP to hit 9291.

gold coast martin 10:07 GMT December 2, 2004 Reply   
man!...just logged in.....i am in the wrong neighbourhood....see you in another life....

Paris MAXX 10:06 GMT December 2, 2004 Reply   
Cannot a 'newbie' also be a seasoned trader?

Toronto Aviator 10:05 GMT December 2, 2004 Reply   
nyc grumpy 09:58 GMT
I suspect that many seasoned traders around the globe agree with your comments.
I am hoping these newbies will control both their "chatter" and disagreeable language and contain their comments to a summary of trading activity at the end of their sessions.

Paris MAXX 10:05 GMT December 2, 2004 Reply   
Any ideas on Euro/stg?

LA Ty 10:02 GMT December 2, 2004 Reply   
I've got 2 dojis.. indecision... turning point in the time frame I mentioned forsure.

LA Ty 10:01 GMT December 2, 2004 Reply   
who knows...someone jacked up on coke

LA Ty 10:00 GMT December 2, 2004 Reply   
somewhere between 10:10 -10:30 AM GMT , you will see where things are headed.

Paris MAXX 09:59 GMT December 2, 2004 Reply   
who is this mor*on ny?

nyc grumpy 09:58 GMT December 2, 2004 Reply   
man has this place turned into a sh*thouse overnight. nothing but serial posting newbies who think its a chat room

LA Ty 09:58 GMT December 2, 2004 Reply   
Here's where stuff gets interesting.

LA Ty 09:57 GMT December 2, 2004 Reply   
now is the point where GBP , EUR will both go long OR.... they will both go short at the same time. Because EUR and CHF hit their intraday levels

Paris MAXX 09:57 GMT December 2, 2004 Reply   
ok ...I misunderstood...

LA Ty 09:55 GMT December 2, 2004 Reply   
MAXX. but I didn't I was just saying I might.... I would never have ruined my 50 pips gain...

LA Ty 09:54 GMT December 2, 2004 Reply   
and CHF probably quits at 1414

Paris MAXX 09:53 GMT December 2, 2004 Reply   
LA .. U did well to buy back your cable at 56..

LA Ty 09:53 GMT December 2, 2004 Reply   
EUR probably quits at 3335

LA Ty 09:52 GMT December 2, 2004 Reply   
wow.. i wish i went long CHf and short EUR too

Paris MAXX 09:51 GMT December 2, 2004 Reply   
I came across this site yesterday..don't know much about it..

LA Ty 09:51 GMT December 2, 2004 Reply   
are you guys trading with this company here? Gee F Tee

LA Ty 09:50 GMT December 2, 2004 Reply   
wow.. this board censored when I typed (Gee - F - Tee )

LA Ty 09:50 GMT December 2, 2004 Reply   
HaHa... spamming idiot.

LA Ty 09:49 GMT December 2, 2004 Reply   
Are you guys actually with censored or just using the forum?

Singapore 09:49 GMT December 2, 2004 Reply   
1st it was the KL KL show now it's KL KL LA MAXX show plus some spams form Sure-fire!! LOL

Paris MAXX 09:47 GMT December 2, 2004 Reply   
lol...I am a bad typer....new to this site...

KL KL 09:46 GMT December 2, 2004 Reply   
out long gbpusd from 1.9353 at 77 +24
out short usdjpy 102.41 at 37 +4

That takes cares of any -ve I have and no fancy riding the wave...take pips and jump

LA Ty 09:46 GMT December 2, 2004 Reply   
This board sure is ugly... and it needs to refresh way faster LOL

LA Ty 09:44 GMT December 2, 2004 Reply   
lol, at first when you said 'la' I thought you were throwing in some Chinese slang ;) But then I realized that you said 'la' because of my name. I am Canadian living between Vancouver and LA.

Paris MAXX 09:41 GMT December 2, 2004 Reply   
No LA I am English living in Paris,why?

Paris MAXX 09:40 GMT December 2, 2004 Reply   
That was the level I thought of buying!!

LA Ty 09:40 GMT December 2, 2004 Reply   
Hey, MAXX, are you Chinese living in Paris?

LA Ty 09:40 GMT December 2, 2004 Reply   
if GBP breaks 9330 I'm going short GBP again.

Paris MAXX 09:39 GMT December 2, 2004 Reply   
ok La thks..I DIDNT DO TO WELL ON THE MOVE UP YESTERDAY.........

LA Ty 09:38 GMT December 2, 2004 Reply   
just wait though. GBP needs to fall more for the trend to be valid.

LA Ty 09:37 GMT December 2, 2004 Reply   
HaHa... Hey MAXX. GBP short looks tempting. SMA + EMA have crossed. 3 charts are now in sync. I think we have an across the baord trend happening.

Paris MAXX 09:33 GMT December 2, 2004 Reply   
lol...desperate!

LA Ty 09:33 GMT December 2, 2004 Reply   
are you spamming us? The link is to a pay site.

Gen dk 09:31 GMT December 2, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

LA Ty 09:30 GMT December 2, 2004 Reply   
go long cable now ? lol :P

LA Ty 09:28 GMT December 2, 2004 Reply   
I wouldve had a nice 80 pip few hrs if I wasn't trading scared so much. BUT, I am getting better at controlling my fear.

Paris MAXX 09:28 GMT December 2, 2004 Reply   
got some uk data out in a mom.

KL KL 09:27 GMT December 2, 2004 Reply   
whoops -10 long again 1.9353 sl 10 below....should have known the support around here.

short also usdjpy 102.41

LA Ty 09:27 GMT December 2, 2004 Reply   
we are probably going to have to do this for the next 2 weeks lol.... I LOVE 5 minute charts.

LA Ty 09:27 GMT December 2, 2004 Reply   
mee too. I took 50 pips :) * Good job.

LA Ty 09:26 GMT December 2, 2004 Reply   
I closed at 9356 MAXX.

Paris MAXX 09:26 GMT December 2, 2004 Reply   
Probably trade lower LA...BUT i need to take prfit,,...been a bad week...

LA Ty 09:25 GMT December 2, 2004 Reply   
I closed ! 50 pips ! :) watch it plummet more though .

LA Ty 09:24 GMT December 2, 2004 Reply   
trading 5 minute chart so watch for bullish pattern coming up. Otherwise stay in :)

LA Ty 09:23 GMT December 2, 2004 Reply   
thanks Athens

LA Ty 09:23 GMT December 2, 2004 Reply   
+ 30 now for me... hey MAXX, you think we should stay in past 9350 ?

Athens 09:23 GMT December 2, 2004 Reply   
Brief cable update (per my techs)-- Again today GBP/$ reached the mid level 1.9440 of the day's O/B region 1.9425-55 and bounced off (yesterrday the respective area was 1.9365-95 as I posted at the time). Contra selling in the day's O/B region remains valid till closing (but the zone will be higher on Friday). Fast profit taking on contras is always recommended. Good luck.

LA Ty 09:21 GMT December 2, 2004 Reply   
maybe the US will follow the short trend for a while

LA Ty 09:20 GMT December 2, 2004 Reply   
thasa good mark MAXX...

Makassar Alimin 09:19 GMT December 2, 2004 Reply   
intraday support 1.9350/60 for cable

LA Ty 09:19 GMT December 2, 2004 Reply   
I'm + 20 pips short GBP now.

Paris MAXX 09:18 GMT December 2, 2004 Reply   
I am short cable...looking to take profit at 19350...and go long at 30

LA Ty 09:18 GMT December 2, 2004 Reply   
EUR has been liking 1.3360 too much. But seems we have a break out now.

KL KL 09:17 GMT December 2, 2004 Reply   
long gbpusd 1.9387 sl 10 below ...should have kept short from earlier...never mind hope this works

Singapore 09:15 GMT December 2, 2004 Reply   
SBN Sure-fire 09:05 GMT December 2, 2004
yea seems like a sure fire way to blow 45 pips chasing euro up here LOL

LA Ty 09:12 GMT December 2, 2004 Reply   
(sp) 'short'. Singapore , cool. Apa cabar.

LA Ty 09:11 GMT December 2, 2004 Reply   
except for my shot GBP... I've closed everything else.

SBN Sure-fire 09:10 GMT December 2, 2004 Reply   
SBN is our Investment firm based in Singapore.

KL KL 09:10 GMT December 2, 2004 Reply   
out again +7 194.07...not waiting to take profit relong lower

LA Ty 09:10 GMT December 2, 2004 Reply   
too crazy for me... I'm out until further notice

KL KL 09:09 GMT December 2, 2004 Reply   
in again long gbpusd 1.94 sl 10 below

LA Ty 09:07 GMT December 2, 2004 Reply   
What is SBN ?

SBN Sure-fire 09:05 GMT December 2, 2004 Reply   
We are currently placing long trade on eur/usd at 1.3335 with 100 millions size and stop-loss below 1.3290. Target 1.34

Hong Kong Qindex 09:04 GMT December 2, 2004 Reply   
EUR/USD : The mid-point reference of 1.3259 - 1.3388 is 1.3324.

Hong Kong Qindex 09:03 GMT December 2, 2004 Reply   
Hong Kong Qindex 09:02 GMT December 2, 2004
EUR/USD : Current expected trading ranges from my 44-day cycle reference (24/11).


... 1.2743* ... // 1.3001 - 1.3130 - (1.3259) - 1.3388 - 1.3517 // ... 1.3775 ...

KL KL 09:01 GMT December 2, 2004 Reply   
taking 6 pips on offer on usdjpy short at 29 from 102.35 letting my gbpusd run me down to sl at 1.9411, what the heck out at 13 -5 pips loss

LA Ty 09:01 GMT December 2, 2004 Reply   
I'm still saying GBP short

LA Ty 09:01 GMT December 2, 2004 Reply   
ok MAXX...I hope so.

Paris MAXX 08:59 GMT December 2, 2004 Reply   
No LA...There will be another move today..

LA Ty 08:58 GMT December 2, 2004 Reply   
we could be looking at sideways trading for the day. What do you guys think?

LA Ty 08:57 GMT December 2, 2004 Reply   
wow ... extremely indecisive... Nothing is in sync.

LA Ty 08:55 GMT December 2, 2004 Reply   
here comes long EUR

LA Ty 08:55 GMT December 2, 2004 Reply   
really? I thought we are on same boat lol

KL KL 08:54 GMT December 2, 2004 Reply   
out gbpusd short at 18 +12 SAR and long here ...short usdjpy102.35 both sl 7

Bruxville Jim 08:53 GMT December 2, 2004 Reply   
KL, you now got competition from LA... LOL

LA Ty 08:52 GMT December 2, 2004 Reply   
anyone else using 5 minute chart? Watch this... LOL There is a mini support at EUR - 3351. Scary LOL

LA Ty 08:50 GMT December 2, 2004 Reply   
HOWEVER !!! its right at support of 3351

LA Ty 08:50 GMT December 2, 2004 Reply   
its either just some pullback or the start of a beauty trend... wow I sold EURO.. great move !

LA Ty 08:46 GMT December 2, 2004 Reply   
wow..good thing I exited.

LA Ty 08:46 GMT December 2, 2004 Reply   
EUR / USD is pissing me off lol ... it just loves 1.3360

KL KL 08:45 GMT December 2, 2004 Reply   
short gbpusd 1.9430 sl 7 above

LA Ty 08:45 GMT December 2, 2004 Reply   
Here we go boys. MArket is breaking out.

LA Ty 08:44 GMT December 2, 2004 Reply   
here goes the EUR, short

Sydney 08:42 GMT December 2, 2004 Reply   
Australia's Macquarie Buys UK's NTL Broadcast
A consortium led by Macquarie Communications Infrastructure Group (MCG.AU) agreed Thursday to pay GBP1.27 billion for NTL Inc.'s (NTLI) U.K. broadcast assets in a move that more than doubles its market capitalization.

LA Ty 08:41 GMT December 2, 2004 Reply   
I closed out GBP.... I'll re-enter when the charts are more in sync.

Paris MAXX 08:37 GMT December 2, 2004 Reply   
What about Euro/stg? I am long from last night....

LA Ty 08:36 GMT December 2, 2004 Reply   
yeah I know, I've set a super tight SL though

LA Ty 08:35 GMT December 2, 2004 Reply   
market is about to bust out

Helsinki iw 08:34 GMT December 2, 2004 Reply   
Cable is trading way outside it´s daily bollinger bands, which is seriously o/b in my view. No sign of topping out though so far. Personally wouldn´t be long here for the time being. IMHO

LA Ty 08:32 GMT December 2, 2004 Reply   
That was a last good push on a 5 minute chart.. Maybe I should quit while I'm ahead. Hmmmm

LA Ty 08:28 GMT December 2, 2004 Reply   
yahoo ! Go baby go !

LA Ty 08:27 GMT December 2, 2004 Reply   
I think my long GBP and short CHF are looking good. This is when I love using 5 minute charts. very exciting.

Makassar Alimin 08:27 GMT December 2, 2004 Reply   
with the rate gbp is currently going, 2.0 will be soon printed very interesting this run

Roumeli anka 08:25 GMT December 2, 2004 Reply   
HK [email protected] 07:29 GMT December 2, 2004

My first target was 1.1782 for wave-5. Could be extendted at 1.1410 if this decline is enough insisting.

http://www.ttrader.com/mycharts/charts/contrarian/usdcad1204.gif

Helsinki iw 08:22 GMT December 2, 2004 Reply   
SG K, not to me, but that doesn´t mean that it can´t go higher still intraday/week. I usually trade on a longer time frame and I´m actually trying to enter shorts.

LA Ty 08:22 GMT December 2, 2004 Reply   
EUR is hovering the past 8 hrs at 1.3360

mex sjs 08:21 GMT December 2, 2004 Reply   
mex sjs 15:22 GMT November 9, 2004
don't know if there is going to be very volatile in the near future, but for those who believe that history repeats, here is some data regarding gbpusd behavior past 2003 from period sept-dec:
sept= 1,151 pips LOW= 1.5608
oct= 541 pips
nov= 710 pips
dec= 777 pips HIGH= 1.7942 TOTAL = 2,334 pips

2004
sept= 455 pips LOW= 1.7706
oct= 705 pips
nov= 317 pips (so far) HIGH= 1.8615 (so far) TOTAL = 909 pips

conclusion, under current circumstances when sentiment is vs usd, my personal believe is that we might witness gbpusd go all the way to 1.94-1.96 area by mid january.
after 1.85 was taken out...it is a non stop ride...hope to be right...
GT & GL

well, this is not over yet, however I already closed positions and will reenter somewhere below 1.9100 , for a target well above today's high , which I think it is current's week high, of course I maybe wrong but it is a 584 pip weekly range
by the way , november's range was finally 831 pips (1.8298-1.9129); for an accumulated 1,423 pips in sept-nov period, this is 61% of the whole period sept-dec (2003)
let's see what happens from now...gl & gt

Bruxville Jim 08:20 GMT December 2, 2004 Reply   
"Syd 20:38 GMT December 1, 2004
Options expireing today not sure how they will play out with the BOJ
JPY 101.50(lge)
JPY 102.00(lge).
E/JPY135.3(lge).
E/JPY136.4(lge)."

Those options are real magnets...

LA Ty 08:20 GMT December 2, 2004 Reply   
I'm long GBP/USD & short CHF/USD. I'm cautious about a GBP reversal though.

SG K 08:19 GMT December 2, 2004 Reply   
Helsinki,
Is EUR/USD a buy at this level? TIA

Paris MAXX 08:13 GMT December 2, 2004 Reply   
Anyone believe that we can see a pullback on the Euro and more paticularly cable?

Helsinki iw 08:12 GMT December 2, 2004 Reply   
fwiw/
I have EUR/USD resistance at 1,3475/85, which should be strong enough to hold on a first run and force a correction, at least, to sub 1,30 levels. Building shorts against that. Well advertised previous low on USD/JPY should offer some support as well. IMHO

LA Ty 08:11 GMT December 2, 2004 Reply   
That was a nice GBP boost :)

prague jv 08:04 GMT December 2, 2004 Reply   
the litle advantage what did usd gain is in the drain now . In best can usd stay in flat , otherways going more negative movment acrosse board .
lets see how it will react on commodity ccy now. There shud be another leg usd positive from here or usd "cant say good buy '' yet .

B.A. BOCA 07:57 GMT December 2, 2004 Reply   
BOJ busy holding the flood gates...

orlando jcr 07:51 GMT December 2, 2004 Reply   
Oh yeah...
I missed hitting my TP on JPY long by 1 pip, so really, that's a 25pip turnaround.... GRRRRRRRR

orlando jcr 07:49 GMT December 2, 2004 Reply   
Calling it quits for the night...
back at NY open...Hopefully for better trades.
I just got it wrong tonight. Out USD/JPY long at -15
Market is just getting active, and I'm getting sleepy.

gold coast martin 07:40 GMT December 2, 2004 Reply   
SG K 07:26 GMT December 2, 2004
My post of yesterday still applies on nzd.....currently over 72 it is an excellent short....fwiw..short ,medium and long term.....g/t

orlando jcr 07:38 GMT December 2, 2004 Reply   
KL,

I agree on tight SL...
However, it seems that lately I seem to be missing the entry points (early & late), so I get upside down for too long.

I'd prefer in/out short term - similar to trades you're posting.

Just seems I'm reading the signals a little wrong lately.
Might need a new prescription.

HK [email protected] 07:29 GMT December 2, 2004 Reply   
Syd 07:20 GMT December 2, 2004

In other words the Asians are potentially more safe.

I just asking myself why the Can$, has intestinal problems?

If we accept the generous Cad$ wave count at:

http://www.ttrader.com/mycharts/display.php?p=23651&u=contrarian&a=contrarian's&id=497

The target may be now, adding length size of wave_3, to the tail of wave_4 to estimate wave length of 5.

KL KL 07:27 GMT December 2, 2004 Reply   
jcr, I am still waiting ...above 55-60 for gbpusd...long japs below or at 102 is seen...keep sl tight in my game...cannot stressed it enough

SG K 07:26 GMT December 2, 2004 Reply   
Syd/Gold Coast Martin,

Appreciate your views on NZD/USD at current level. TIA

Syd 07:20 GMT December 2, 2004 Reply   
HK [email protected]
Actually today was hearing the best one to short the USD against if the Taiwan Dollar its got more it

HK [email protected] 07:18 GMT December 2, 2004 Reply   
I think the Singapore$, is offering a double protection opportunity, against USD devaluation and Asian currency revaluation when comes in.

Still have room to appreciate. Worth a studY.

HK [email protected] 07:15 GMT December 2, 2004 Reply   

Makassar Alimin 07:09 GMT December 2, 2004

I think all traders are victims of central banks swindling.

Bush said strong dollar, Trichy screamed about the euro warning the traders of interventions.
The Japs were vocal too.
But they have already agreed to let the Dollar go down in an orderly manner, selling any dollars of their friends and relatives first.
Why intervene??? To undo what was agreed upon???

Maybe to slow down, but not to reverse.

Makassar Alimin 07:09 GMT December 2, 2004 Reply   
HK [email protected]: you maybe right, perhaps we should just throw away the chart, close our eyes, sell, sell and sell dollar...around same time last year too when december wasn't expected to give strong trending market, euro managed to rally the blow-off stage, i think we are witnessing one here now again, if that is the case, 1.40 is quite possible but i would call for 1.37/1.38 first barring any intervention

orlando jcr 07:00 GMT December 2, 2004 Reply   
KL,

Assume you got out of your GBP short somewhere in mid thirties...???

Are you looking to reshort in 46/48 range or do you think the model has changed.

HK [email protected] 06:54 GMT December 2, 2004 Reply   
HI!!!

Poke my nose to say hello!!!!

Euro dollar wresle mania; A paper to paper mortal combat.

Today dollar is treated as confetti by CB's and investors, likely by the law of Karma Euro will suffer same fate in the future.

But for the time being Euro will likely climb( medium term) to about 1.3915(for the balled investor who may wait).

In case of Euro-mania-pandemonium... up to about 1.43(more or less)

I asked today few H.K businessman which is the best currency to place extra money. Many said USD.

So the orphans and the widows are not yet in the picture, many are not even aware of what goes on.


Tokyo IM 06:50 GMT December 2, 2004 Reply   
kwt muzainiali // screaming on the forum does not help. If some one had an answer to your question they would answer.

kwt muzainiali 06:38 GMT December 2, 2004 Reply   
ANYONE HERE HAS VIEWS ON GOLD .... FOR INTRA DAY

orlando jcr 06:35 GMT December 2, 2004 Reply   
KL,

Yes - not a big sleeper...
I got in UDS/JPY, but a little higher than you (got in too early).
I had my t/p at 102.30, but platform missed it by one while I was away.

Now, obviously, it is about 10pip down from that. Hoping for a bounce back to at least b/e (102.20).

Lurking also for something to jump into to make up for being stuck in the JPY for too long... Looks like I may have missed the GBP short.

KL KL 06:25 GMT December 2, 2004 Reply   
jcr, my word you are still awake. I think the whole world are Dollar berish. I am neutral...just seeking trading opportunity. I am out and will rebuy the Japs lower...just the idea and fear of a BOJ intervention will make many nervous nellies. Also locking ot short gbpusd soon...lots of nervous nellies there!!

kwt muzainiali 06:12 GMT December 2, 2004 Reply   
Dear All,

Does any one have Gold recommendations for today ...

Someone pls suggest me some site ...

orlando jcr 06:09 GMT December 2, 2004 Reply   
KL,

Are you still in your JPY positions...??
Wondering what you were targeting because most here are still $ bearish...

KL KL 06:08 GMT December 2, 2004 Reply   
out long usd jpy 102.14 at 27 +13 eurjpy 136.49 at 57 +8...flat now and waiting...lurking

Malaga boqueron 06:08 GMT December 2, 2004 Reply   
LA Fxnew 05:40 GMT December 2, 2004
re, cable looks to me as a sell today
Sold cable now. open target.

Could you please provide a little insight as to why it looks like a sell. I'd like to join you in selling it, but going against this trend smacks of financial suicide.

sydney gvm 06:05 GMT December 2, 2004 Reply   
Mr Yen mentioned ¥100 level some time ago as the intervention level

Melbourne RTR 05:48 GMT December 2, 2004 Reply   
Henny Penny the sky is falling

LA Fxnew 05:40 GMT December 2, 2004 Reply   
cable looks to me as a sell today
Sold cable now. open target

toronto dr unken kat 05:38 GMT December 2, 2004 Reply   
yen target 10203

Makassar Alimin 05:24 GMT December 2, 2004 Reply   
interesting, even at this low there is no dollar buyer, perhaps then we should go lower 1-2 figures? i wonder if they will let go usd/jpy 102 level this time

Auckland Lin 05:23 GMT December 2, 2004 Reply   
New Your frankie, your time frame is longer than mine... I don't see EUR above 1.35/1.36 but.....

KL KL 05:14 GMT December 2, 2004 Reply   
long usd jpy 102.14 eurjpy 136.49 sl 10 below

Hong Kong Qindex 05:04 GMT December 2, 2004 Reply   
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NewYork frankie 04:59 GMT December 2, 2004 Reply   
I hope everyone is taking the current pullback in the euro (15pips) to load up for further gains later today (irony).

Seriously, it seems very foolhardy to short this currency at present along with its tag partner Cable. The way the dollar is being shorted at the moment, you'd almost believe the US is going out of business. Apart from the UK economy, I just don't understand the fundamentals that are driving this market lower. Ok, the twin deficits. But hey, unless I'm very much mistaken the US economic numbers recently have been measurerably superior to that of the EU by a distance. Now, if we are to believe that markets follow a business cycle, then the US economy will be in fantastic shape come this time next year (based on a 4 year cycle). So till then expect further dollar corrective action which in turn will push the EU economy into the red. Hey presto, the US has corrected its deficit problem and into the bargain has pushed the EU into recession. Then we'll have a vicious circle of boom and bust until some radical plan is drawn up to harmonize the currency markets under one currency. Frankly, I don't see any quick fix solutions on the horizon. The "pangs of distress" are upon us, whether we choose to acknowledge it or not.

FloridA vv 04:57 GMT December 2, 2004 Reply   
1975, Russia, a student eating the grass by the Kremlin Wall, Brezhnew saw him, called him, gave him 5 kop.= say 5 cents, and says "Go to Himki (clean, nice wild life refuge, but not anymore) Grass there is more greener and juicer",

Tell New Zelanders not to eat grass, leave some for ships

Syd 04:46 GMT December 2, 2004 Reply   
New Zealand's Sheep Population Shrinks Below 40 Million
going to be some lonely sheppards about
Baaaaaaaaa

Kathmandu 04:40 GMT December 2, 2004 Reply   
When I was trading stocks 20 years ago there were subscription based newsletters such as the Granville Letter. The better ones were independent of biased interests other than their own investments (thus presumably no kickbacks). Has any company or individual started a purely comparative service that evaluates the various Forex trading systems in terms of return, service, etc? I shy away from all the
corporate sponsored chat rooms and forums because they have something to sell other than information. Also, there are many that are marginally usesul. So even if there are no truly independent evaluations services which forums are the most useful for forex traders?

gold coast martin 04:28 GMT December 2, 2004 Reply   


Bris th 04:16 GMT December 2, 2004

In the spirit of the forum,those traders that have been fortunate enough to survive for years should part with some their invaluable knowledge in the hope that others may benefit and prolong their stay in this market.....
As far as aussie is concerned a 7750 is expected at the start of european session ...
As far as euro is concerned,timeframe for a turnaround is16th- 19th of december....in the meantime buy and sell on dips....g/t

FloridA vv 04:26 GMT December 2, 2004 Reply   
Bris th 04:16 GMT December 2, 2004

Bris, looks like you got the bottom. Good Luck, mate.

toronto dr unken kat 04:21 GMT December 2, 2004 Reply   
cablehyena hit the weekly resistance and good for shorties

cable still long target 9366

Syd 04:19 GMT December 2, 2004 Reply   
FloridA vv your right its like a hand out from the Government , tax back etc.

Bris th 04:16 GMT December 2, 2004 Reply   
Reality is that 90% of the people on this forum will lose every cent they put into the market. The only difference is that some can afford to play and some can't. So have fun while it lasts and help others if you are able.
Long $chf myself 1.1387 looking for 1.1550 or so
Happy hunting all..

Makassar Alimin 04:13 GMT December 2, 2004 Reply   
Syd 04:04 GMT December 2, 2004

yes, i thought so too, that's why i have been skeptical about intervention for the rest of this year, but then again, it could be the reverse psychology, they simply flood the market with all these talks about intervention so finally people fed up with it and ignore it altogether and that's when they kick the hardest and the most painful, but heck, i dont care...let them show it first :)
good trades to you mate

Juneau CAR 04:12 GMT December 2, 2004 Reply   
So what is happening-lol? I thought currency movements were in waves not straight lines-lol.

No one wantys to buy and everyone afraid to sell.

Gold and silver are just smoking.

The only time I can ever remember this sort of movement was 1980.

I come here looking for guidence, but it looks like we are in no mans land?

FloridA vv 04:12 GMT December 2, 2004 Reply   
32 BIO is a bug chunk it will increase spending, boost production, create jobs. It is not always nesessary to live from handuouts from abroad.
GT

Syd 04:06 GMT December 2, 2004 Reply   
FloridA vv
mean to say neither positive or negative neutral, but if anyone of the forum can enlighten regarding that


Look at Yen unreal

Syd 04:04 GMT December 2, 2004 Reply   
Makassar Alimin I think they have done too much talk this time blew their opportunities what dickheads they are.


FloridA vv
Microsoft is set to be paying out its US$ 32 BILLION dividents starting tomorrow

Problem is with that its all internal funds isnt it,so may not be USD positive.

Hong Kong Qindex 04:02 GMT December 2, 2004 Reply   
EUR/USD : Current Comment.  Register with Jay at [email protected] if you have no access to my page.

Makassar Alimin 04:01 GMT December 2, 2004 Reply   
Syd 03:53 GMT December 2, 2004

yup i read that one too, but too bad, they just have to put up with it, it is not something new and unless they do something instead of just talk, it will get worse and worse... once the ball is rolled, it will keep rolling until something stops it, simple law of nature

dumb city 03:58 GMT December 2, 2004 Reply   
how does that effect currency ? please explain? or do you want to be the next Tom Brokaw?

FloridA 03:57 GMT December 2, 2004 Reply   
what does that have to do with anything?

FloridA 03:57 GMT December 2, 2004 Reply   
what does that have to do with anything?

dumb city 03:55 GMT December 2, 2004 Reply   
charts indicate further $ weakness

FloridA vv 03:55 GMT December 2, 2004 Reply   
Microsoft is set to be paying out its US$ 32 BILLION dividents starting tomorrow. That's the biggest dividents ever. Most part, as expected will be used for spending.
GT

Syd 03:53 GMT December 2, 2004 Reply   
Mizoguchi Says Dollar Decline Is Excessive

dumb city 03:52 GMT December 2, 2004 Reply   
tk, jf you don't have to be wrong i'm giving you the facts censored off

dumb city 03:49 GMT December 2, 2004 Reply   
florida vv: what do you want to talk about?

dumb city 03:46 GMT December 2, 2004 Reply   
ok JMI, no disrespect

tk jf 03:45 GMT December 2, 2004 Reply   
dumb city 03:37 GMT December 2, 2004
1. since when is being wrong a crime?
2. when you are 1,000/1,000 let me know
3. not everyone makes money all the time
4. range traders predominated for months at a time - its not easy to adjust to a trend type trading when you stop yourself from buying highs and selling lows for 6 months to trade for 1 month
-----have a nice day------ gt

FloridA vv 03:43 GMT December 2, 2004 Reply   
Get lost, Dumb City, don't garbage this forum, or introduce yourself in more smart way (if you capable) and let's talk

Makassar Alimin 03:43 GMT December 2, 2004 Reply   
dumb city 03:37 GMT December 2, 2004

one note too:
without whom you called idiots, the so-called smart people can't look smart, can they? everyone can be smart and can also be dumb depending on how you look at it...it is about timing as well

gold coast martin 03:42 GMT December 2, 2004 Reply   
GOOD afternoon.....adding more euro shorts above 13360....exit when funds exit.....g/t

dumb city 03:41 GMT December 2, 2004 Reply   
Melbourne RTR:

If you have something half-way intelligent to say? Say it if not censored off!

van Gecko 03:40 GMT December 2, 2004 Reply   
Halifax CB good evening.. you could be right.. with today's 'fast food' mentality, tactful & sanitized methods by higher beings to implement & execute any 'world order policy changes' may had gone with the winds..

yo! dumb city 03:25..

Chicago JMI 03:40 GMT December 2, 2004 Reply   
dumb city 03:30 GMT December 2, 2004

Huh? I said sell USD. DON'T try to pick the bottom.

Hong Kong Qindex 03:38 GMT December 2, 2004 Reply   
AUD/CAD : Current Comment.  Register with Jay at  [email protected] if you have no access to my page.

dumb city 03:37 GMT December 2, 2004 Reply   
another note: EURO is at all time hi: buy or sell? idiots sell half-smart people buy

dumb city 03:34 GMT December 2, 2004 Reply   
i logged on 12 hrs. ago and no one here thought going long on GBP was good idea dumb censored were going short so i'm back to teach a lesson

Melbourne RTR 03:31 GMT December 2, 2004 Reply   
Get a life Dumb City

hk ab 03:30 GMT December 2, 2004 Reply   
The date with the eur is 1.3530.

Hong Kong Qindex 03:30 GMT December 2, 2004 Reply   
AUD/JPY : Current Comment.  Register with Jay at  [email protected] if you have no access to my page.

dumb city 03:30 GMT December 2, 2004 Reply   
good luck trying to call the bottome jmi

dumb city 03:27 GMT December 2, 2004 Reply   
?

dumb city this forum 03:25 GMT December 2, 2004 Reply   
truth hurts

dumb city this forum 03:24 GMT December 2, 2004 Reply   
oh, look this currency pair is going up!! What should i do? I'll "range trade" it for a quick buck I'll sell it it must go down!

prolley not

that's why this forum is full of deusch bags

ty

Hong Kong Qindex 03:16 GMT December 2, 2004 Reply   
EUR/AUD : Current Comment.  Register with Jay at  [email protected] if you have no access to my page.

chicago cal 03:16 GMT December 2, 2004 Reply   
nimrods like the one's i saw this morning were selling the GBP???????????????????????????so i just left the forum "no offense" and went about my business

gl

chicago cal 03:15 GMT December 2, 2004 Reply   
nimrods like the one's i saw this morning were selling the GBP???????????????????????????so i just left the forum "no offense" and went about my business

gl

Makassar Alimin 03:13 GMT December 2, 2004 Reply   
just when it was about to fly the goose got shot down to earth by some naughty boys, need to see if it can recover and fly higher and stronger this time

chicago cal 03:11 GMT December 2, 2004 Reply   
Chicago JMI:

The market is clearly one sided; cab drivers, soccer moms, cnbc, and everyone else that has half a brain is selling $

nyc Joel 03:06 GMT December 2, 2004 Reply   
If there is outright intervention by the Japanese
Then sit back and sell that rally , it may be your last chance to sell dollars above 103
Doll/Yen has a date with teh 95 level

Hong Kong Qindex 03:05 GMT December 2, 2004 Reply   
AUD/USD : Current Comment.  Register with Jay at  [email protected] if you have no access to my page.

quito_ecuador_valdez 03:04 GMT December 2, 2004 Reply   
One last tidbit..hanging out with a very good friend here in a top-top banking position this week (going over some very high focused financial moves in Ecuador) yielded some interesting info..many Latin American countries now toying behind the scenes with a universal "denominatioin" or some such entity similar to EZ's Euro in principle rather than "dollarizing" with USD as was the plan a few years ago. I have no other information. I would hope the new "currency" would be gold backed reasonably well, but knowing the Latin crowd they'll copy the EU & won't. Ecuador gave up most of it's gold reserves when it ditched its Sucre and bought the USD (stupid move for many reasons) & Argentina is "half dollarized" at this time (USD very popular), Panama has been dollarized for some time 100%...so I'd bet any move to invent a new universal Latin denomination would wait off 'til the USD evaluates & hits a top in 2007-2008 to get maximum punch when it's conversion time. Talk about plans within plans...

Brisbane L 02:58 GMT December 2, 2004 Reply   
JPY may find support buying to protect thick USD/JPY knock-out option triggers at 102.00, more near 101.50, some may move to hit such triggers, as these would likely send pair tumbling, could invite Japan MOF intervention - which would be good place to sell Tokyo traders saying.

Brisbane L 02:38 GMT December 2, 2004 Reply   
They are the Toreadors waving the Red Rag to the Bulls (CB''s)

quito_ecuador_valdez 02:33 GMT December 2, 2004 Reply   
Ltn th 01:55 GMT December 2, 2004// You could not have said it better...what's scary is what "their" plans are and for whom and as to exactly how they intend to execute them. Judging from past "executions", it's somthing to think about.

€/$ significantly broke up out of the upward pointing 4 day triangle..if no intervention (ECB OR BOJ) or at least if no "meaningful" intervention exists at 1.34 OR if US Treasury simply floods the mkt with "electronically produced" USD instruments to override interventions, then I'd say the pair is bound to break at some point, retrace a bit, then proceed up, but 1.36-1.37 could be a viable landing zone @ end of year or Q1 05. Why?

Check for example USD/CHF 10 year chart (fxtrek). Swissy right now is still around 250 pips higher than all time low for Swissy...meaning range boundry for the 10 year history of Swissy have not been challenged since 1.1100 (10 year USD/CHF fxtrek's chart). So merging that with €/$, at the very least puts the possibility range of €/$ at say 250 pips higher than now..and that would hit somewhere in 1.36-1.37. Not saying of course what parameters apply to one cross automatically apply to another cross but a correlation could be "assumed" to be very possible for further dollar diving in the New Year's Day run. My take anyway..signing off for a couple days..tons of stuff to do.

Halifax CB 02:32 GMT December 2, 2004 Reply   
van Gecko; here's my 0.02 CAD - if it is the Asian CB's that are doing this, they aren't too worried about making money off forex. The big focus would be (I assume) concerted action on the part of ASEAN to create a currency climate that is well tuned to their international needs - which are importing raw materials, and exporting to developed markets. Particularly China, with it's burgeoning private sector and personal cinsumption. Raising the Euro (and GBP) discounts Asian goods in Europe, and makes them more competitive (and as far as I know, it's the first world market with the biggest growth potential for such goods). Plus they have the tons of USD to do this easily; only a small fraction of CB's reserves are in Euro's or GBP. They can also hide it under the guise of balancing their holdings (which, after all, is a sensible thing to do anyway.) a final note - this recent flurry comes right on the heels of the ASEAN conference. Bet a lot of wink, wink, nudge, nudge went on there :)

Makassar Alimin 02:28 GMT December 2, 2004 Reply   
well, here we go, euro and pound make higher high and still consolidating near top, aud back to 0.78...if this continues till the end of asian session, expect more upside early european session but i would not be a dollar seller at these levels

Mysore forexveda 02:17 GMT December 2, 2004 Reply   
I am expecting 1.3390 and 1.94 in Europe to enter short. Target 300 to 400 pips in pound and 200 to 300 pips in euro.

Chicago JMI 02:12 GMT December 2, 2004 Reply   
dc fxq 01:53 GMT December 2, 2004
I agree, but the market is currently not totally one-sided. There are still many people trying to call the bottom on USD. When cab drivers and soccer moms start giving tips to buy euro, and CNBC adds a USD ticker, I'll start buying USD. :-D

van Gecko 02:08 GMT December 2, 2004 Reply   

"To achieve an advance that cannot be hampered, rush to his weak points.
To achieve a withdrawal that cannot be pursued, depart with superior speed."

Sun Tzu: The Art Of War

timming & well planned tactical strategies are important elements in any successful warfare.. one would think after running up the Euro 13 big figures those savvy Dollar Bear Brigade might start to think about lock in their profits here then to continue to press the inflection limits & the will of those Men in Black for another 7 figures up to 1.40..
it would certainly make sense & much easier for the Brigade with their collective power to move the Euro back down 10 figures from here & double their profits much faster..
valdez amigo.. cheers..




Mysore forexveda 02:06 GMT December 2, 2004 Reply   
I called higher euro and higher pound yesterday when the whole world was calling for correction. Now that my levels are coming closer, I will go with the world to short euro and pound at these levels. Do not expect more than 300 pips correction.

Ltn th 01:55 GMT December 2, 2004 Reply   
Dont forget money in its forms is simply a tool. Todays movements are a sanitisation or normalisation of moves that have been forced in other areanas bearing more directly on policy results.

dc fxq 01:53 GMT December 2, 2004 Reply   
Chicago JMI 01:45

when markets become totally one-sided there is only one ultimate direction they will take - opposite to mass/mob psychology.

Remeber LYCM all yo who belive in the infalliability of hedge funds, Supposedlt the greatest "brain trust" of financial genius' ever assembled in one trading shop.

-86-

Brisbane L 01:52 GMT December 2, 2004 Reply   
Stockholm AGuy thats my point .thanks

quito_ecuador_valdez 01:51 GMT December 2, 2004 Reply   
Got it vv, tks!!

I think, Gecko, people are naive to the fact that the world's economy is rather tightly controlled albeit from the shadows. FX is just one of the factors in the control room but FX is most definitely not just left to the whim of the market..it is on a very very top level game board.

Brisbane L 01:51 GMT December 2, 2004 Reply   
Chicago JMI prior to this run off agree with you , but these levels its dangerous , this isnt normal action , its manipulation

Stockholm AGuy 01:50 GMT December 2, 2004 Reply   
Brisbane L 01:46 GMT:

Or, as the old saying goes, "Bulls make money; bears make money; pigs get slaughtered."

FloridA vv 01:48 GMT December 2, 2004 Reply   
Now its running on the top right corner of this page

Chicago JMI 01:48 GMT December 2, 2004 Reply   
Brisbane L 01:46 GMT December 2, 2004

They only end up as bacon after New Years. Still no lower low for USD.

San Diego DC 01:48 GMT December 2, 2004 Reply   
quito_ecuador_valdez ,
Thanks a lot.

Brisbane L 01:46 GMT December 2, 2004 Reply   
Chicago JMI you know what happens to pigs, they end up on someones table as bacon

Chicago JMI 01:45 GMT December 2, 2004 Reply   
Brisbane 01:41 GMT December 2, 2004

It's not dangerous for specs. Just keep selling USD into the new year. Trends like this don't come along that often, and when they do, be a pig. ;-)

quito_ecuador_valdez 01:45 GMT December 2, 2004 Reply   
vv// post again the carry interest source..without the comment please (appreciated but against FF rules) which got your post censored. TIA.

FloridA vv 01:43 GMT December 2, 2004 Reply   
Thats true to some extend, Forex Elephants as a rule have BIG tiger teeth and always ready to bite off a good chunk of each other's butt. Tell BOJ that it can pound ECB, and that elephant will use everything to get his bro down.

quito_ecuador_valdez 01:42 GMT December 2, 2004 Reply   
San Diego DC 01:09 GMT December 2, 2004
fxtrek supplies outstanding chart service free but they sell a charting package which is super..investigate once you've clicked Data & Tools and got the chart..a pop up will appear related to the paid version..I'm signing up shortly myself.

Brisbane 01:41 GMT December 2, 2004 Reply   
Euro in unchartered territory nothing really to stop it except CB's so its an open road for them. no two way traffic either too dangerous for specs

London. 01:37 GMT December 2, 2004 Reply   
The elephants are filling their vaults before the end of the year

quito_ecuador_valdez 01:35 GMT December 2, 2004 Reply   
San Diego DC 01:09 GMT December 2, 2004 , Florida VV..tks.

My charts: fxtrek.com..my favs of all. Or click on right side bar "Data & Tools", "FX Charts".

London. 01:31 GMT December 2, 2004 Reply   
van Gecko incredible but true

quito_ecuador_valdez 01:26 GMT December 2, 2004 Reply   
Van Gecko// When I say what you posted below I get hades from surface feeders who can't find their afterburner with both hands. Glad you persist in disseminating the truth, maybe they'll listen to you. As to your inference to elephant players..they're as big or bigger than the CBs. Agreed, we only gather up the crumbs.

van Gecko 01:19 GMT December 2, 2004 Reply   
Contrary to popular misconception that "the forex market is to big to be manupilated".. all market moves are initiated & sustained by elephant syndicates..This is a game play by elephants where the market ranges, break-outs, & trends reflect the strength & weakness of the opposing camps at any given time.. Central Banks act as the supervisor & guardian angels of this game.. and whenever the game gets out of hand with one side getting too aggressive on certain boundaries, they step in to restore order..
while the rest of us who are in the dark as to the game plan & latest intentions of these players can only try following the trails of the elephants or try to decipher & play from the various inflection levels.. the sad truth is that 95% of the market participants usually get trampled by either being blinded to the move or jumping on-board at/near the end..

Oakland daimyo 15:45 & gold coast martin 16:29 got it right..


San Diego DC 01:09 GMT December 2, 2004 Reply   
quito_ecuador_valdez ,
I like to know the source of your charts, where you get them from. TIA

Ldn 01:08 GMT December 2, 2004 Reply   
BOJ not interested think they are all mouth and trousers no action

quito_ecuador_valdez 01:00 GMT December 2, 2004 Reply   
12 hour chart & 30 day charts say €/$ will see 1.34 in NY session (only 40-some pips away). Pair still in definite long mode. Remember, since we're at all time high for the pair, there's NO resistance line to constrain upward moves and support lines vanish constantly. European banks had last week €/$ sell orders at 1.34 but perhaps even placed them higher...I don't know the later however at this time. At or shortly after 1.3400 would be an -excellent- phychological time for the pair to "retrace" (What, retrace??!!) 100s of pips in 48-72 hours, then up immediately to retest top, typical of this pair.

1 day-3 month candle chart: Note support line drawn from low of 10/13 to low of 11/23. Same chart: Mini triangle completely formed from high & low of 11/26 to present indicates to me forthcoming NY session will see 1.34. Although €/$ "looks" like it's time to touch the support line again, I'd bet it longs further. I never short a longing chart & baby this chart's longing.

BTW, anyone know of site which has a decent table of interest rates per day on major pairs (not just single c'ncys) for buys & sells? Or a better/easier rocket scientist formula than the one offered on O a n d a? My scientific calculator just took a digger when I changed the battery...lost my formulas.

orlando jcr 00:58 GMT December 2, 2004 Reply   
KL,

8:00PM in FLA...
We're doing fine in Orlando - just some shingles.
Properties still going UP & UP....!!
Many people still moving here.

Keep posting your short term moves.
You may be watching a ccy I'm not looking at, and I know some of us here will follow if it looks good.

GBP seems to have settled down for the moment, but hopefully will pop again soon - I'm flat right now, looking for the right trade.

FloridA vv 00:56 GMT December 2, 2004 Reply   
Looks like Usd/Cad is going to catch up with the rest. 1.1775 migt be a good support.

KL Florida is OK 77 F outside and time 7:55 pm. Property running up like everywhere else, well maybe not that fast.

Hong Kong Qindex 00:55 GMT December 2, 2004 Reply   
GBP/CHF : Current Comment.  Register with Jay at [email protected] if you have no access to my page.

Van jv 00:53 GMT December 2, 2004 Reply   
AUD House Prices Q/Q , please

tk jf 00:52 GMT December 2, 2004 Reply   
with ecb meeting later cud be dead wrong but dont see it as a good spec bet selling usd agst eur here - as wht outcome would benefit your position ? hike or cut wud send the currency lower

KL KL 00:49 GMT December 2, 2004 Reply   
out long usdjpy 102.37 at 50 +23...flat now

jcr, g'day & gt to you...I will not ride any currency...I am a rodeo rider ...jumps away before being thrown by bull...LOL I am looking at usdchf, usdjpy eurusd eurjpy and gbpusd. My motto is +ve is better than -ve even 1 pip gain.

How is florida?? Property going up or down after your bout of hurricane? What time is it there?

Syd 00:47 GMT December 2, 2004 Reply   
tk jf or intervention

tk jf 00:32 GMT December 2, 2004 Reply   
mean sorry

tk jf 00:32 GMT December 2, 2004 Reply   
next time 77 breaks-- because to get bak there wud men eur had turned

Syd 00:29 GMT December 2, 2004 Reply   
tk jf or 77 buy

Syd 00:28 GMT December 2, 2004 Reply   
tk jf if we see that i will prob sell also

tk jf 00:27 GMT December 2, 2004 Reply   
syd hope to see 20-50 today to sell tht thing

Sydney 00:20 GMT December 2, 2004 Reply   
Some forex speculators place bets on dollar bounce
LINK

orlando jcr 00:18 GMT December 2, 2004 Reply   
KL,

Just logging on...
Are you riding the Cable roller coaster again tonight...
I took a few turns with you last night for some nice small pips.

Atl TJ 00:12 GMT December 2, 2004 Reply   
Interesting. Everything thing seems to be punching out new highs or lows except Cable. What if anything can be read into that?

KL KL 00:12 GMT December 2, 2004 Reply   
out gbpusd long at 1.9342 +12 ..long usdjpy 102.37 sl 7 below

Stockholm AGuy 00:11 GMT December 2, 2004 Reply   
USD/JPY low from 11/26 was 102.13. We still haven't touched that, at least...

new jersey z 00:05 GMT December 2, 2004 Reply   
so much for 102.50 on dollar/yen - do we hear more jawboning @ 102 or do we finally see the MOF bring out the big gun?

Tokyo IM 00:01 GMT December 2, 2004 Reply   
Hello World.

prague jv 00:01 GMT December 2, 2004 Reply   
till above 1.3293 , short should not be served .IMHO

 




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