Sydney 23:54 GMT December 9, 2004
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hk ab I agree, he rides on his past glory
hk ab 23:47 GMT December 9, 2004
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Sydney 22:17 GMT December 9, 2004
Dollar will fall more, expert says
December 10, 2004 ?ѠTOKYO ?? The dollar's fall is not over yet, according to former Finance Ministry official and Keio University professor Eisuke Sakakibara.
The same GUY, said in year 2002 beginning, dlr/jpy will hit the fan at 140-160 which is never reached.......
Ltn th 23:32 GMT December 9, 2004
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fxq// GL & GT. I dont trust data some times for a variety of reasons but I dont deny its ability and usefullness in moving s/t market.
nh// Interesting points you raise. Timing is key as is politics and positioning over GB and EMU. If GB does not commit very soon they may never get a better deal. They may end up with parity between pound and euro rather than between the ten bob and the euro.
prague jv 23:26 GMT December 9, 2004
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Trade imbalance worries Costello
http://www.smh.com.au/news/Business/Trade-imbalance-worries-Costellos/2004/12/09/1102182424865.html?oneclick=true
dc fxq 23:03 GMT December 9, 2004
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Ltn th 22:48 GMT
I go on actual reported data, not opinion of economists or FinMin, etc talking heads. That's the best I can do.
Good luck for your fiuture trades!
Livingston nh 23:00 GMT December 9, 2004
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Ltn th - EUR is going up as a diversification by USD heavy asian countries not based on trade flows internal or external in the EU -- this movement may not be as bad as the hot money flows that wreaked havoc in 1997 but the EU could get whipsawed -- capital is leaving the core of the EU and being invested in some of the new members -- budget deficits in some of the larger EU members will probably hit 4% next year, trade levels are falling (in January textile agreements run out and even at $40 oil, energy imports are raising imports), Britain's current account deficit is over 5% and the overall debt levels rel. to GDP of France, Italy and Germany are equal or greater than the US
I think your optimism about the condition of the EU is misplaced
Halifax CB 22:59 GMT December 9, 2004
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Thanks Atlanta-South. Doing this really helps me clarify my own thoughts; it's like playing an instrument (that one isn't very good at :) in public....
Atlanta-South 22:54 GMT December 9, 2004
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Halifax CB:Very interesting. Can't imagine anyone would mind this post. Keep up the GOOD POST. VERY HELPFUL & INFORMATIVE.
Ltn th 22:48 GMT December 9, 2004
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fxq// Fair enough. For l/t and riskier players players this can be usefull. Your strategy is undoubtedly better than the likes of NAB.
I am influenced by recent comments by Montier of DKW in lindon on equity valuations and momentum. Summary on Mauldins site at :-
www.investorsinsight.com
Halifax CB 22:48 GMT December 9, 2004
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I was going to post this earlier, but as I was getting ready my network connection failed (thanks Aliant Nova Scotia)...
---old stuff----
Interesting numbers (non-techs please ignore, I'm workiing through some theory here...) from the EURUSD pennant mentionned earlier. I took the successive major lows on the 5 minute chart, at 13:45 yesterday,5:30 today, and 12:35 today. When the shanks formula is applies it gave the next low at 15:46. Not bad considering it happend at 1600 (all GMT). Using the current numbers gave the next low at 17:40 (real time at 17:30) - the break one way or the other should happen by 19:20. If it happens at all :) (PS Picking the lows once it gets weak like this is very subjective. I need to renormalize, but am not set up to do this yet. So it's all very handwavey...)
---new stuff---
On top of that, the demo prog I use to do my charts (MQ - really beautiful charts & connections) screwed up, so I had to use a live account (the no fail s/l guys, terrible charting service, buggy software) to update the chart. anyway, it's here; the times are eastern (grrrrrr). Obviously the break didn't occur (it would have gone out around the time the last uptrend ends.) But the top of the pennant held and there's a new downtrend (though not in very active markets). The Shanks formula can't be applied here because the wavelengths are increasing, but I am in a short EURUSD position from when I could get back online not that long ago. Not optimal, but the s/l is small. The breakout point is on the lower resistance line; it's intriguing how long it took to get back above the first resistance once it was broken earlier..
GL/GT, and I hope no one minds me taking up space like this. I just find it mathmatically interesting....
Atlanta-South 22:42 GMT December 9, 2004
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Can anyone tell me what they adv on trading USD/JPY over the next 2-4 months? Who follows this pair & can adv the best way to trade in the future? Thanks in advance for any RESPONSE. Just trying to learn.
dc fxq 22:39 GMT December 9, 2004
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"EMU according to some important indicators is and will do a lot better than many think."
Not to be contenious but I wonder which indicators those are?
ZEW, DIW, domestic spending all are grim and exports are beginning to suffer.
it is frankly a moot point to since I do not take positions overnight and frankly see a 60 minute hold as long term. As you can see from a prior post I play both sides of EURUSD several times a dayn
Ltn th 22:35 GMT December 9, 2004
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Sydney. I think I just agreed with you in justifying the wisdom of the CB's
vancouver 22:35 GMT December 9, 2004
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sdsdfgr
Ltn th 22:33 GMT December 9, 2004
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Perhaps I put too much emphasis on equities and the prospects of genuine productivity and yields.
Sydney 22:31 GMT December 9, 2004
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Ltn th the biggest problem is that the moves of late in the Euro have been CB shifting reserves to more Euro Base , and not so much speculative moves,
Ltn th 22:29 GMT December 9, 2004
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fxq// Yes and No in that order. I think Jpy exonomy is not performing as it should for a number of possible reasons, But I am not qualified to spout. EMU according to some important indicators is and will do a lot better than many think.
dc fxq 22:25 GMT December 9, 2004
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December 9, 2004
Sydney// It seems that the USDJPY is the key to current market instability and risks to global economies. Until we see those sorts of numbers there seems little chance of genuine US economic recovery.
You mean like the surging EMU and JPN economies?
dc fxq 22:24 GMT December 9, 2004
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Don't you get just a little nervous when all the "experts" and analysts are in agreement that xyz is inevitable?
I distinctly remember the late Pierre Rinfret, choef economist at Rinfret-Boston Associates telling all my clients in TO and Montreal "there wasn't gonna be a recession". That was in 1970.
Guess what? Then came '72 and '73!
Ltn th 22:23 GMT December 9, 2004
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Sydney// It seems that the USDJPY is the key to current market instability and risks to global economies. Until we see those sorts of numbers there seems little chance of genuine US economic recovery. The euro,despite its various states posturing, seems destined for much greater gains than any of us envisage. We all await a more holistic set of policies and maths from the MOF before serious economic recovery globally.
Sydney 22:17 GMT December 9, 2004
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Dollar will fall more, expert says
December 10, 2004 ?ѠTOKYO ?? The dollar's fall is not over yet, according to former Finance Ministry official and Keio University professor Eisuke Sakakibara.
In an interview with the JoongAng Ilbo, Mr. Sakakibara said on Wednesday that the Japanese yen will continue to rise until March or April of next year until it reaches 90 to 95 yen to the dollar. He added that the value of the yen will accelerate once the dollar hits the 100-yen mark.
Brisbane 22:08 GMT December 9, 2004
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U.S. Treasury Secretary John Snow suggested in an interview on Dec. 3 he wouldn't attempt to counter the dollar's slide. ``Markets can overshoot and undershoot, and they often do, but the virtue of markets is they're self correcting,'' he said. The White House yesterday said Snow will remain in his post as President George W. Bush begins his second term next month.
``He's been reappointed, so that tells us there's no confusion over the dollar policy'' in Bush's administration, said David Bloom, a currency strategist in London at HSBC Holdings Plc. ``Everyone is quite sure about the trend -- the dollar is going down and come the new year everybody will be fresh and ready to sell dollars.''
Bloom expects the U.S. currency to fall to $1.40 per euro and 98 yen by the end of next
bloomberg
dc fxq 22:03 GMT December 9, 2004
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River Falls_USA_ PB 21:34
Yes, long EURUSD @ 1140 ish at 13273 and out 14:10 ish at 13323
SYD Alex 21:57 GMT December 9, 2004
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If anyone is interested, I've built an FX-Risk Calcultor that shows what percentage of your underlying account balance is at risk on every trade, regardless of which currency pair you are trading - as well as showing P&L, pip value etc etc
You can also tailor it to suit your chosen degree of leverage, whether it be 50:1, 100:1 or even 400:1.
It's not rocket science (& not really suitable for institutional use) but it's a handy tool to have. There is no catch. It's totally free.
To get a copy:
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Good Luck,
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River Falls_USA_ PB 21:34 GMT December 9, 2004
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fxq I think we are talking about the same thing...so I assume you shorted the artificial $ smack as well. gt
Atlanta-South 21:29 GMT December 9, 2004
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The book "The Money Game" that was mention earlier is still avail if anyone is interested. GOOD reading for US TRADERS. Give it a look. Just thought someone might be interested. GOOD DAY TO ALL.
dc fxq 21:11 GMT December 9, 2004
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dc fxq 21:05 GMT
correction to this post the indirect's comprised 65.8% of the 5 yr issue, not 45+.
Ldn 21:07 GMT December 9, 2004
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MOSCOW — Russia’s Central Bank chief said yesterday that the volume of US dollars in Russia’s gold and foreign currency reserves may be reduced, a day after the dollar sank to a new all-time low against the euro.
‘‘We are thinking about possibly changing the structure of the gold and hard-currency...
US press
dc fxq 21:06 GMT December 9, 2004
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From Bloomberg:
"Lower demand from such investors was anticipated, said debt strategists including Alex Li at Credit Suisse First Boston. Those investors tend to be more active at quarterly refundings, when they typically have securities maturing, said Li, whose firm is one of the 22 primary dealers of U.S. government securities that are obligated to bid at auctions."
dc fxq 21:05 GMT December 9, 2004
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I read it as indirects were going for liquiduty and therefore shorter maturity 2's and specifically 5's where indirects were in the 45+ area.
The bid to cover was excellent and so was the yield. Just another example of taking one piece of an event or report have focusing on that solitary aspect rather than the overall result.
River Falls_USA_ PB 20:54 GMT December 9, 2004
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Van jv 20:38 GMT December 9, 2004 /// the treasury auction today shocked dealers to see that indirect bidders accounted for only 10% of today"s 10-year auction versus 65% of the 5-year auction yesterday afternoon. Lack of interest in US debt...i.e. bonds down, yields up, but dollar gets whacked. fwiw I already shorted the EUR/USD expecting the spike to subside. gt/gl
dc fxq 20:47 GMT December 9, 2004
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Van jv 20:38 GMT
that kind of babble is just pure wire service nonsense. it's largely a bunch of b s sputed by a so called expert to some reporter who has to file a story.
how do I know this? I used to be a "key contact" on the 10 yr Tnote for one wire service guy. three calls a day and I always had some "wisdom" to impart (yeah right) no matter what was going on.
Dallas GEP 20:39 GMT December 9, 2004
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Well GD missed the action the last couple of hours
Van jv 20:38 GMT December 9, 2004
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River Falls_USA_ PB 19:52
''''the rise in US yields is actually hurting the greenback """""
am not sure about that, would rather expect pos. correlation about 0.7///
dc fxq 20:31 GMT December 9, 2004
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no problem at all GD!
Wien GD 20:21 GMT December 9, 2004
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dc fxq ... and thx for the explanation!
River Falls_USA_ PB 20:10 GMT December 9, 2004
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just a note to us small-timers to widen our stops and lighten the load towards year end..."This afternoon"s messy price action, following on the heels of disorderly markets yesterday saw some of the big interbank liquidity providers widen spreads and in some cases offer only indicative prices. Look for liquidity issues to intensify as year-end approaches" gt/gl
Makassar Alimin 19:58 GMT December 9, 2004
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River Falls_USA_ PB 19:52 GMT December 9, 2004
Thanks a lot mate, very interesting info indeed. Now all I am waiting is next week's deficit data.
Rockford BDR 19:53 GMT December 9, 2004
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OK sz
On your KISS trading plan. Are you just buying on the dips with the EMA's or is that some kind of swing trading? Newbie here and not use to watching 4hr charts.
Thanks
Vienna GD 19:53 GMT December 9, 2004
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dc fxq ... will change my location to the english one
Now vienna - not Wien!
River Falls_USA_ PB 19:52 GMT December 9, 2004
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Makassar Alimin 19:18 GMT December 9, 2004 ///hope this helps:
"After yesterday"s heavy official demand at the US 5-year note auction, traders assumed more of the same at today"s 10-year auction. It didn"t work out that way and the rise in US yields is actually hurting the greenback as demand for its assets declines."
Ldn 19:50 GMT December 9, 2004
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Jkt Rick 18:34 good call, is that perth Rick?
SanFrancisco TG 19:39 GMT December 9, 2004
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My 14:21 turned out accurate. Some pips available to the downside for Euro but cross current ends up with NY closing above the open. Euro upside is better for the coming sessions if there is no solid impetus for continued selling.
If nothing else, the strong amount of selling in prior sessions and a failure to continue the downside significantly says something usually I have found.
Toronto 19:33 GMT December 9, 2004
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BoC's Dodge says forex on January meeting agenda
TORONTO, Dec 9 (Reuters) - The issue of foreign exchange rates will be on the agenda of a Bank of International Settlements meeting for central bankers to be held in Switzerland on Jan. 10, Bank of Canada Governor David Dodge said on Thursday.
Dodge made the remarks at a news conference in Toronto.
dc fxq 19:29 GMT December 9, 2004
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Wein GD
Back in my much younger days (the mid 1960's though early 1970's) when performance mutual funds were in their infancy, Adam Smith wrote a series of articles for the old NY Hearald Tribune which later became the book "The Money Game".
The term "guinslingers" evolved during that time period to reference the salaried and bonused trading portfolio managers who were simply running money (other peoples not their own) for fun and profit. The "establishment looked upon them as nothing more than "hired hands" or mercinaries, paid gunslingers if you will.
Makassar Alimin 19:18 GMT December 9, 2004
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Global-View 19:10 GMT December 9, 2004
thanks GV, so what was expected out of the indirect bid? sorry, i am not too familiar with this event, anyone care to share some knowledge?TIA
Wien GD 19:14 GMT December 9, 2004
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dc fxq ... agree on the fight ... had something to do with treasuries and usdjpy imho ... but could you please further explain that ... "gunslingers"?!
Wien GD 19:13 GMT December 9, 2004
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hi GEP ... wasn't that a wonderful trip now ... woah!!!
What do you expect next from eurusd and ,,,, guess audusd?
Global-View 19:12 GMT December 9, 2004
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KL- check your email
Makassar Alimin 19:12 GMT December 9, 2004
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i have got upper bolinger band on daily exactly at 1.3533 now, that has been the target mentioned so often previously, maybe this is a sign that we will get there soon? 1.3250 has held again and we are now over 1.3285, looks like above 1.3270 closing price is on the menu barring any more surprises
Global-View 19:10 GMT December 9, 2004
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Alimin, see Global-View 18:53 GMT December 9, 2004
dc fxq 19:10 GMT December 9, 2004
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Wathcing and playing the action today it seems to me it is a clear cut case of the gunslingers (leveraged accounts) playing games.
Since it is a gunfight between the gunslingers one should always bear in mind the adage :
"Don't bring a knife to a gunfight".
Jkt Rick 19:10 GMT December 9, 2004
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Makassar Alimin 19:04 GMT December 9, 2004
its on the way to 1.35 buy it now for the 200 points.
Makassar Alimin 19:04 GMT December 9, 2004
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LOL, what was this sudden jump in euro and pound all about? i was out just for half an hour or so...any updates guys?
Eilat Dolphin 19:01 GMT December 9, 2004
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Thanks GVI !
Global-View 18:53 GMT December 9, 2004
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From GVI:
GVI john 18:13 GMT December 9, 2004
Ten-year went out at 4.150%. The bid-to-cover was a strong 2.68. Indirect bids were a meager 10%. No surprise.
GVI john 16:32 GMT December 9, 2004
There could be a short-lived dollar sell off when the results are announced
GVI john 16:30 GMT December 9, 2004
Treasury will sell $9lbn in 10-year notes at 18:00 GMT today. The current yield on the 10-year is 4.118%, vs., 4.13% on the close on Wednesday. Foreign central bank participation (indirect bids) will be wached closely as a measure of their interest in holding USD assets. In general, central banks have tended to avoid maturities of this length and beyond. We see no reason for that strategy to change today.
KL KL 18:52 GMT December 9, 2004
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gbpusd seems to have come too far and fast too soon ....like asking me to knock it down now...looking and waiting....anytime I have to test this up trend...
perrie como 18:52 GMT December 9, 2004
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strong hands behind those flows It seems
r'n'roll or just the classic music
OK SZ 18:42 GMT December 9, 2004
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KISS follow a 4h chart with 3,7, 21 ema and fibs..make money
OK SZ 18:40 GMT December 9, 2004
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out gbp/usd from 19160 at 19225 have a good day all
Jkt Rick 18:34 GMT December 9, 2004
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The best short term opportunity now is to buy AUD/USD at market 0.7540.
NYC 18:31 GMT December 9, 2004
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US Treasuries fall further as auction disappoints
chicago joe 18:00 GMT December 9, 2004
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Well maybe it has more to fall since it cannot stay above the 50 period sma on the daily.
lon jr 17:56 GMT December 9, 2004
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well usual crowd in f/east (buyers over last months) ..reputedly been on offer for euro today..stops on cable 19150 and below also think stops same llevel on euro
Wien GD 17:56 GMT December 9, 2004
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GVI john 16:30 ... what does that mean for the buck? (selling 9lbn 10-y notes)... support ahead of 1 est?
sg kan 17:54 GMT December 9, 2004
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Dallas GEP,
I just got into the US session and wondering if this is a good level to short euro. Kindly advise. TIA
Rivonia PipPirate 17:38 GMT December 9, 2004
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chicago joe 17:05 I agree, AUD does not have a big week like this every day.lol
In fact, a cursory glance back 10 yrs shows this week is in the top 5.
Makassar Alimin 17:33 GMT December 9, 2004
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lon jr 17:26 GMT December 9, 2004
yes, nervous time now for those defending 1.3250, 13 EMA on daily also happens to be around 1.3270, plus daily rsi pointing down, macd crosses over for first time after many weeks, but i suspect the stochs will play the trick here should we close above 1.3270 for tomorrow's action
should we close under 1.3250 however, all my hopes will be put for 20 EMA and that mighty 1.32/1.3180 area so far and any break back above 1.3285 will be very bullish targetting recent high
lon jr 17:26 GMT December 9, 2004
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hold on to ur hat alimin..cable stops below 50 might just help euro on its way
Makassar Alimin 17:24 GMT December 9, 2004
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i think it is running out of time, euro might test 1.3250 again and go up from there to close above 1.3270, friday as usual is rather suspicious for dollar selling, so i expect that scenario will continue, one thing that fellow traders may notice is that we have seen euro refused to close below 1.3270 for the last few trading days ever since we broke it from levels below and it was always followed by higher euro, so pay attention to today's closing price and compare it with last thursday for example
Makassar Alimin 17:13 GMT December 9, 2004
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euro looks rather heavy to me, if it doesn't go up past 1.3285 soon, i expect 1.3250 to be breached, but at this time of the day maybe it won't do that
Dallas GEP 17:10 GMT December 9, 2004
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You would think that Joe, but daily charts on MACD are still very bearish on AUSSIE
chicago joe 17:05 GMT December 9, 2004
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Aussie lost 6 percent of its value in 2 weeks, imo it's oversold for now.
Paris MAXX 16:49 GMT December 9, 2004
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GEP...True but sometimes what IS happening is very short term..
Dallas GEP 16:43 GMT December 9, 2004
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This AUSSIE, is a PERFECT example of how technicals followed blindly can cost you MONEY. I have a very good friend who is a SUPERB technical trader and AUSSIE has killed him today longing against technicals. He REFUSES to beleive that it WOn'T SHORT because the technicals told him it would SHORT. Don't trade on what SHOULD happen, trade on what IS happening.
Dallas GEP 16:20 GMT December 9, 2004
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Euro is heavy. I agree with the view we MAY test that 1.3180 from the other day. It is pressing it's lows . GBP I think we be LESS bearish It has already moved alot already today. that 1.9140/50 MAY contain for USsession
Paris MAXX 16:14 GMT December 9, 2004
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GEP ... good call on Aussie...any feelings on Euro or Crude?
Dallas GEP 16:11 GMT December 9, 2004
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Paul I am flat on Aussie, I WAS short from 7541 and I closed at +15. Aussie has been moving uncharacteristically fast
Dallas GEP 16:09 GMT December 9, 2004
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YEP GD and BTW..I am NOT short on Aussie because something untechnical is keeping it long. I don't get it EXPLAIN LUCY!!!! Lol
london paul 16:08 GMT December 9, 2004
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once Eur/A$ breaks the hrly uptrend line will fall at 1.7580 then its downhil ride to 1.7460 (if,if,if)
lgillingham Dwarf 16:08 GMT December 9, 2004
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wen yen test 05 lvl..prob have another headache like the one, i had this morning, from last nite..too many pole dancers..haha
london paul 16:06 GMT December 9, 2004
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dallas there is a small uptrend on 15 mins from the failed attempt at 1.7600 which pushed it back to test 1.7700.
It should continue to fall, but with commodities weak perhaps A$ is clearly weaker than Eur$.
I too am short at 1.7650 and 'talking my book'- like you!
Wien GD 16:04 GMT December 9, 2004
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Sorry 1.3175
Dallas GEP 16:04 GMT December 9, 2004
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technically there is NOT a good reason for AUSSIE to be above 1.75 at this time SHOULD be below 1.75 and heading for at least 1.7460.
Wien GD 16:03 GMT December 9, 2004
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hi GEP ... looks like usdjpy will push thru 105 and eurusd below 1.3250 and we will visit your 1.3275?!
hertford jr 16:00 GMT December 9, 2004
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1.9140 looks good lvl in cable
dc fxq 15:58 GMT December 9, 2004
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london jr 15:56 GMT
if triggered could we be looking at EURUSD sub 1.3200 again?
london jr 15:56 GMT December 9, 2004
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rumours of stops in yen @ 105.05
Halifax CB 15:43 GMT December 9, 2004
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Made a little money on the pennant formation (see 14:15) and am now out; have moved the support line down acordingly & will wait to get in again....I probably got out too soon, but I have to head out for awhile, & this one will need a little TLC until fully underway (if ever...). BTW, USDCAD seems to establishing a nice uptrend, good for buying on dips (once this morning, & now closed..). Tight stops though, there's still plenty of room to fall...GL/GT
Bahrain Within 10 Pips 15:38 GMT December 9, 2004
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NZ Long at 48
dc fxq 15:37 GMT December 9, 2004
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interesting that USDJPY is knocking in the door of yesterday's high at 105.00 while EURUSD is still hanging around 1.3275-1.3280.
Could be interesting if USDJPY takes out 105
Bahrain Within 10 Pips 15:36 GMT December 9, 2004
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Toronto...Your order is active for euro 67
Atl TJ 15:28 GMT December 9, 2004
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Atl TJ 15:22 GMT December 9, 2004
Is a classic example of bad Karma. Euro peedled off 30 pips as I posted that. Crap. Missed it!
knoxville dan-k 15:28 GMT December 9, 2004
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well if they feel that way about it then men, we should get them all pregnent--lol they deserve it there women!! its what they do best -- rofl
Atlanta-South 15:23 GMT December 9, 2004
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Global-View: is a password needed to view the news & analysis or any of the sections to the right? When I try to enter I can read the title of the article, but the body of the info want open. I'm sure its something I'm causing. Any adv. Thanks.
Atl TJ 15:22 GMT December 9, 2004
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While the markets are regrouping here are a couple of scary study results. Study done in UK on respones from women. Single Men pay attention!
1) Four out of ten (42%) would also lie about contraception in order to get pregnant, in spite of the wishes of their partner.
2) An alarming 31% of all women say they would not tell a future partner if they had a sexual disease. This rises for 65% for single women.
3) Nearly half (46%) fake orgasms and more than half (55%) make excuses such as tiredness to "get out of lovemaking".
Ldn pm 15:20 GMT December 9, 2004
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Ok noted.....thanks
KL rip vanwinkle 15:20 GMT December 9, 2004
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back from a nap....oops.....no forex market around....see you in 2104...
Global-View 15:18 GMT December 9, 2004
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Ldn pm, we are already on top of this and have contacted him.
dc fxq 15:18 GMT December 9, 2004
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so long as he didn't lose his pipi as they say in Provence
Ldn pm 15:15 GMT December 9, 2004
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Are you serious KL ?? Or are you just fooling with the forum...I don't think anyone has any interest whatsoever in where you have been whilst losing your 6 pips .....or maybe I'm wrong !!
Bahrain Within 10 Pips 15:04 GMT December 9, 2004
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Yes I am.
Philadelphia Caba 15:03 GMT December 9, 2004
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Bahrain Within 10 Pips 14:39 GMT December 9, 2004
any short Cad?
Bahrain, r'u in this short?
Bahrain Within 10 Pips 14:59 GMT December 9, 2004
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After Greenie----> Int rates Increase---> $ Up ----> Less exports ---- Less Jobs ----- less growth....>
Greenies talks again....
Very normal too!!
Bahrain Within 10 Pips 14:55 GMT December 9, 2004
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US $ Weakens ----> Higher export and Less Imports ----> Higher Growth in Income ---- > Higher imployment---- > Inflation----> Geenie starts takling...
What's wrong with that?...this normal!!!
SanFrancisco TG 14:45 GMT December 9, 2004
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IW - True, but that doesnt mean the USD is going to gain on economic superiority. Its been weakening on the back of a strong economy for a while now. I'm talking about sessions not months also :)
Halifax CB 14:44 GMT December 9, 2004
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Rockford - just very short term (though certainly longer than KL !). As for all the studies, I'm just a messy houskeeper. I like to pick one or two, but the others tend to hang around till I bother to remove them....
Dallas GEP 14:44 GMT December 9, 2004
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Closed Aussie shorts @ +15
Bahrain Within 10 Pips 14:39 GMT December 9, 2004
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any short Cad?
Rockford BDR 14:35 GMT December 9, 2004
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Halifax CB
I know Im a newbie at this. But I've never seen so many studies going on a chart at once. What kind of trading do you do? Swing, Intraday? Confused minds want to know! lol
Halifax CB 14:34 GMT December 9, 2004
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Hi nyc jk - Yes - It did come in; sorry about that (I'm really bad about checking e-mail) Sounds great, I'll gt in touch. GL...
Helsinki iw 14:30 GMT December 9, 2004
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What impetus do you need tg? There´s an army of socialists running Europe -it´s doomed. Buy dollars, wear diamonds.
nyc jk 14:21 GMT December 9, 2004
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Halifax CB - hey there, I sent you an email yesterday, just wanted to make sure you got it as have had a couple problems in the past with your ISP?
SanFrancisco TG 14:21 GMT December 9, 2004
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Not expecting much more USD strength entering this session. Needs further impetus to gain from here significantly. These conditions have led me in the past to get caught in cross currents without much conviction. Sure, tradeable and pips are there but r/r questionable. Upside for Euro in coming sessions looks better.
Quebec Swap 14:18 GMT December 9, 2004
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Looks like another range trading day(Consolidation). Well after a sudden jolt as we saw yesterday what are we to expect.
No market news until tomorrow.
Halifax CB 14:15 GMT December 9, 2004
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Nice pennant formation on EURUSD shaping up. Looking to play this one as $ +ve, so will look for entry points once it solidly breaks below the bottom support, or starts showing toppish behavior near the resistance line. GL/GT
Bahrain Within 10 Pips (FX5M120909-Forum) 14:13 GMT December 9, 2004
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short cad...Just like the demo...lets see how well this thing does.
Jkt Rick 14:12 GMT December 9, 2004
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Jkt Rick 10:43 GMT December 7, 2004
Euro is ripe for a 200 points correction guaranteed.
euro dies an hour after the legendary post.
hk ab 14:09 GMT December 9, 2004
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nk,
may be I should wait at 1.2650 or 1.2930 to go long euro.
Cheers.
Philadelphia Caba 13:52 GMT December 9, 2004
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Good morning everyone!
Out of eurjpy short & went long @ 139.00, sl 138.45.
GL,GT.
Dallas GEP 13:46 GMT December 9, 2004
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7541 short on Aussie
KL KL 13:38 GMT December 9, 2004
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Nothing much so out at 1.9208 +14
Pecs Andras 13:34 GMT December 9, 2004
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Initial claims rose to 357K
perrie como 13:31 GMT December 9, 2004
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data will be mixed as usual,,market players (except those euro smaller central bankers very stressed It seems) made already their games and will not change minds so ofteen as technical analysis might suggest
g/l now off my doggie
KL KL 13:28 GMT December 9, 2004
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US Data out in few minutes, take your position. I just shorted gbpusd 1.9222
prague jv 13:26 GMT December 9, 2004
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price action on intraday and crosses sudgesting usd positive movment upon news in couple min.
Helsinki iw 13:25 GMT December 9, 2004
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Sammy, the equatorial sun has fried your brain. Get lost.
Bahrain Within 10 Pips 13:23 GMT December 9, 2004
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gold might OK to buy 422 area
Paris MAXX 13:18 GMT December 9, 2004
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Thanks viis...if we drop below 42 I may turn around...getting this wrong more often than not!
Paris MAXX 13:17 GMT December 9, 2004
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Thank you martin...in other words it can go anywhere! I was long and wrong a couple of days ago and closed out a dollar lower than here....difficult market to trade,,,,
Tallinn viies 13:16 GMT December 9, 2004
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Paris MAXX 13:04 GMT - went long at 41,50 .
hope to see at least 43,50 fwiw
Tallinn viies 13:15 GMT December 9, 2004
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sold half of my long euryen.
if this momentum holds up we may see over 140 today
perrie como 13:15 GMT December 9, 2004
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european politicians at the end do like very high euro, as It is offered as an excuse for cutting welfare and explaining the missing jobs from factories dispalcements globally...
very detroit 90s scenario, but there in US at that time where technologies coverig jobs...
gold coast martin 13:13 GMT December 9, 2004
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Paris MAXX 13:04 GMT December 9, 2004
OPEC meeting today in Cairo is vital to your position....as some oil ministers favour a cut in the access production, they effectively want to put a floor under the price in view of recent drop in price...if this is correct oil may spike by $2.50...one thing to maintaining a short oil position is that Saudi Arabia which is the worlds largest oil producer, does not support a cut in production and has stated that a buffer should be established...as the saudis have a lot of leverage at OPEC, the statement may support their view and thereby oil dropping further....g/t
prague jv 13:10 GMT December 9, 2004
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it looks to me , it is jpy what makeing some movment , while the rest is only adjusting to jpy movment. eur/usd did not find where it wants to go and might last longer that way .
Paris MAXX 13:04 GMT December 9, 2004
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Also went short of US Crude last night at 42$ currentkt 42.35....think it may return to $41 or lower later today...hope so anyway?
perrie como 12:48 GMT December 9, 2004
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some smaller european cb's been trying to hold to down the euro again as covering the dollar bonds flows, but not enough for global standards....smells the IMM guys might be squeezed too.....It seems as the crisis is now after the wall collapse turning to the western world while the far eastern only sustaining global growth (and money)
but seemingly politicians here haven't realized what's going on as basically their school is still thinking of aseans as of the time of marco polo
Paris MAXX 12:39 GMT December 9, 2004
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oslo oskar 12:27 GMT December 9, 2004
I see the battle rages again.
I agree with you mate...I am long of Euro/$ @1.32.90 good size..currently trading 1.32 75....looking to tp and go short @ 1.33 30...played that range a few times..
Alicante RTN 12:30 GMT December 9, 2004
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Both usdcad and usdjpy are testing the upper end of the ranges and could break resistances especially if jobless claims are a bit lower than the 349k last week and the 335k expected for this week.
If so, the moves can be swift and rather siable as many will be cought with weak USD shorts. However, it is still just a small correction to the overall trend.
oslo oskar 12:27 GMT December 9, 2004
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I see the battle rages again.
Every few weeks or months we go through this routine of someone posting trades on a very short term and overly frequent basis.
It gets tedious to lots of forumites since they, the posts, do not point out, in advance what startegy the writer has in mind but only what he or she has done after the fact.
I am with those who see it as prideful boasting rather than constructive or instructive information.Enough is enough, save those posts for a chat room.
Lj gmc 12:13 GMT December 9, 2004
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Maribor - be careful what is better? pay higher taxes
or loss all money in fx. good luck GT
prague jv 12:08 GMT December 9, 2004
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sorry to interupt , but ... hey KL , You asking for openiens , but you do not give any . So How can we use your commenting on "" taked 3 pips , will do it again , stop 7 and be positive for today "" , thats all I am getting from you , and it can be flustrating . So you have the right to post here as anybody , but GIVE with your post , not only say what you have done or wish you have done .
Pecs Andras 12:03 GMT December 9, 2004
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BOE unchanged
statement dec 22
Seoul 11:57 GMT December 9, 2004
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London I love to read KL's post too. He has the right to post, right? Take it easy, buddy
Budapest Daniel 11:54 GMT December 9, 2004
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I love to read such a post London. Blaming the good guys means you're losing money and you want to blame them because of this... LOL
KL KL 11:54 GMT December 9, 2004
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london tony ...so what is YOUR analysis??? What possie have you got on or are you also a UN observer? Com'on share your wisdom!!
Maribor 11:52 GMT December 9, 2004
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Shares of holding companies are stil cheap...It does not matter where you trade, it matters whether you make money. I am struggling with fx because of our taxes on capital gains.
london tony 11:44 GMT December 9, 2004
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KL KL 11:39 GMT December 9, 2004
wut u want to show
do your trading and shut your mouth
just post ur analysis not trades
thx
KL KL 11:39 GMT December 9, 2004
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out with +3 pips...maybe a long a little lower
KL KL 11:37 GMT December 9, 2004
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in long gbpusd at 1.9150..sl 10 below...2nd probe...down here either go thru or bounce up again
Lj gmc 11:35 GMT December 9, 2004
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Maribor - No I m not interested for Slovenian market.
I think I now your story Slovenia is a small country.
Pecs Andras 11:30 GMT December 9, 2004
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Babuyan Isl MGW 11:12 GMT December 9, 2004
friends, is there a BOE rate announcement today? what time? thanks all.
12:00 GMT, that is, is half an hour
Maribor 11:29 GMT December 9, 2004
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Ljubljana: ne. Si kdaj na Finance-on.net?
nyc droopy 11:29 GMT December 9, 2004
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Who wants to be a demo millionaire?...Bahrain and his ten camels(,,wives) DO!!!
Here... mI 11:25 GMT December 9, 2004
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What soft do you use for
:FX5M120909
PW: Forum
i have some new idea to show it
NJ RT 11:25 GMT December 9, 2004
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Bahrain Within 10 Pips : I will try that too ...sounds very interesting. Thank you
Lj gmc 11:24 GMT December 9, 2004
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Maribor? You are been in a kviz who want s to be a MILIONAR with your girl friend? am I right?
Singapore 11:19 GMT December 9, 2004
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Babuyan Isl MGW - 12 GMT / 7 am EST
Bahrain Within 10 Pips 11:18 GMT December 9, 2004
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Yeah..I see it.
Thanks Toranto
Toronto Aviator 11:16 GMT December 9, 2004
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Bahrain Within 10 pips 10:42 GMT
Just tried your F*X*C*M* demo account.
Place order: EUR/USD Order # 6424726
Babuyan Isl MGW 11:12 GMT December 9, 2004
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friends, is there a BOE rate announcement today? what time? thanks all.
Bahrain Within 10 Pips 11:11 GMT December 9, 2004
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EURAUD 1.7653 1.7493
as basic expectations
Bahrain Within 10 Pips 11:06 GMT December 9, 2004
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Maribor;
Thanks...so I guess any can open that account at the same time
Maribor 11:02 GMT December 9, 2004
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Bahrain: it works...you have lots of orders. My position today is sell EURAUD at market, stop above high.
dc fxq 11:00 GMT December 9, 2004
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Atl TJ 10:50 GMT
335K
Indonesia-Solo Raden Mas 10:54 GMT December 9, 2004
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hello friends.. I have chart there.
please focuse on usd buying !
Bahrain Within 10 Pips 10:53 GMT December 9, 2004
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cad is close to sell
Atl TJ 10:50 GMT December 9, 2004
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What is the market prediction for todays Initial Claims?
Bahrain Within 10 Pips 10:44 GMT December 9, 2004
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could some one Open it pls?
Budapest Daniel 10:43 GMT December 9, 2004
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Geneva that would be just for the ones who are curious about how others trade and stuff like this similarly like here but in a more trackable way. If someone is not interested then do not register and do not use it...
Bahrain Within 10 Pips (FX5M120909-Forum) 10:42 GMT December 9, 2004
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Just did it with FXXCm Demo
U:FX5M120909
PW: Forum
I think U can open at the same time
I have it open with the levels I posted
Budapest Daniel 10:39 GMT December 9, 2004
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thanks for the ideas and your interests guys....
Bahrain, I'm not interested in making money with it, so there is no reason why I should give out demo accounts. One should register and he/she could use this right after registration.
Gen dk 10:37 GMT December 9, 2004
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Trading Signals Updated:
CLICK HERE for more Gen dk information
GENEVA FHR 10:37 GMT December 9, 2004
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Do you really think that people trading all day long have the time
to trade a demo account for peanuts.Lets people trade their account with real money and not censored with a demo account.
Bahrain Within 10 Pips 10:33 GMT December 9, 2004
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Budapest Daniel 10:30 GMT December 9, 2004
Bahrain, thats what I'm thinking... Are you interested?///
Good idea...
maybe making a demo account with say about 20 accounts in it...each trader would assiganed one...that way it's very visial and the database is in the statment for each
U.K. J.B. 10:30 GMT December 9, 2004
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Budapest Daniel 10:12
That could be a good idea, a league table of traders, but i would point out it should only apply to live accounts. At the end of the day its a great deal easier trading a demo account, would the same strategy be applied to a real live account when real emotion is experienced. Perhaps you would want to categorise the table short term pip raiders to med. term prop . trading. at the end of the day there ia a gr8 deal of b-s*it on this forum so i wish you luck taking on such a venture.
Rivonia PipPirate 10:30 GMT December 9, 2004
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Atl TJ 09:48 GMT December 9, 2004
Little nastiness = short term, major nastiness = long term (daily chart). What a nice leading indicator.
LOL I call it trading........trading insults.
Budapest Daniel 10:30 GMT December 9, 2004
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Bahrain, thats what I'm thinking... Are you interested?
Dallas GEP 10:29 GMT December 9, 2004
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No biggie BAHRAIN No apologies necessary. FX is a VERY dynamic thing. Actually I was going to short around 6930 but like I was telling ML e/p looked BULLISH. Your levels are very useful. Keep posting them.
Bahrain Within 10 Pips 10:25 GMT December 9, 2004
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EURGBP 0.6966 0.6819 Hold Buy
Dallas this was the mistake from yesterday...I lost too...I apologies for that
Bahrain Within 10 Pips 10:20 GMT December 9, 2004
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GBPJPY 203.58 198.56 Sell Buy
High Time series is sell and Low time series is Buy...
Maybe converging..
any comments from TA's?
Helsinki iw 10:17 GMT December 9, 2004
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Manchester Daniel, thanks for that link. Good post.
Bahrain Within 10 Pips 10:16 GMT December 9, 2004
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seems that GBP is more of a buy then sell
from the levels
Sing GD 10:15 GMT December 9, 2004
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Markets crazy tensions are high again and personal attacks again come to the fore ...
Guys this is a professional forum , lets all behave as such
All ideas from contributors welcome , guys you trade as you see it ...
KL KL 10:15 GMT December 9, 2004
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out gbpusd long at 1.9190 +40......get a life mate..that took care of -20 pips loss...+20 is still better than wasting time with those looney tunes!!
Bahrain Within 10 Pips 10:15 GMT December 9, 2004
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Budapest Daniel 10:12 GMT December 9, 2004
Make a log web page with a database
perrie como 10:13 GMT December 9, 2004
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It seems to me the Eur/Usd is going wants to print out the following, around data release time:
Target 1.3375/55
g/l
Budapest Daniel 10:12 GMT December 9, 2004
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Guys, I'm thinking about writing a program that could track everyone's positions who is interested in sharing his/her own positions (similar to trade blotters or trade history or whatever you call them). What do you think? Good or bad idea?
JHB AHG 10:11 GMT December 9, 2004
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Noob,Capetown,Right = we love you on this forum. For us to make money we need you loosers.
Bahrain Within 10 Pips 10:10 GMT December 9, 2004
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Your comments are appreciated..
Dallas I am sorry about Eur/gbp
HK Noob 10:05 GMT December 9, 2004
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No KL, I mean is there any way to filter out your useless bs posts from this forum.
Bahrain Within 10 Pips 10:05 GMT December 9, 2004
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Dear Traders
I guess I should use this method for the auto system...
these are day trade levels but using daily data...
they will change on a daily basis but at least they will be able to get top and Low levels
These are the 95% confidence Interval for now...
Trends are Hold unless they more then 95% sure...so
Good Luck to all
Currency Short Long TrendShort TrendLong
EURUSD 1.3506 1.3162 Sell Buy
USDJPY 105.23 102.74 Sell Hold
GBPUSD 1.9549 1.9127 Sell Buy
USDCHF 1.1643 1.1333 Sell Hold
EURCHF 1.5409 1.5228 Sell Hold
AUDUSD 0.7697 0.7460 Hold Buy
USDCAD 1.2260 1.2024 Sell Hold
NZDUSD 0.7276 0.7048 Hold Buy
EURGBP 0.6966 0.6819 Hold Buy
EURJPY 140.19 136.15 Sell Buy
GBPJPY 203.58 198.56 Sell Buy
CHFJPY 91.61 88.98 Hold Buy
GBPCHF 2.2474 2.1973 Sell Hold
EURAUD 1.7849 1.7300 Hold Hold
EURCAD 1.6398 1.5961 Sell Hold
AUDCAD 0.9318 0.9059 Sell Hold
AUDJPY 80.05 77.33 Sell Buy
melbourne 2nite 10:01 GMT December 9, 2004
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DaLLAS GEP and others
any opinions re eurgbp daily candle chart? TIA
Atl TJ 10:00 GMT December 9, 2004
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KL KL 09:53 GMT December 9, 2004
You should get your 20 to 40 Pip bounce right here. I would join you but I am going to run a couple of miles. Short should be ready by the time I get back
lon jr 09:59 GMT December 9, 2004
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any u guys tried censored london..had a few acc's for fx..1 pip slippage in positions or out
Manchester Daniel 09:57 GMT December 9, 2004
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WHY THE BUCK WILL REBOUND - Anatole Kaletsky
The rise of the pound to almost $2 has been driven entirely by bearish views on the dollar, rather than any particular enthusiasm for sterling
The dollar's collapse has all the characteristics of a financial speculation reaching its climax
http://www.timesonline.co.uk/article/0,,1061-1394830,00.html
My apologies for the late posting of this article - have had computer issues this morning and have had to trade the old fashioned way - teletext quotes on TV and telephone to broker. Slow, but profitable.
Please read the above article (interesting that although on page 21 of The Times today - the reference to this article appeared on PAGE 1 - no doubt it caught traders eyes in London as well, as Sterling been on the backfoot this AM.
KL KL 09:57 GMT December 9, 2004
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HK Noob, yep there is a way.
1. on top of this screen see the archive > click it
2. Next screen > next to Initials type Noob and click search......enjoy the filtered post!!
Budapest Daniel 09:55 GMT December 9, 2004
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So you're an other guy who is envious again. These types turn to be losers mainly...
ICT ML 09:55 GMT December 9, 2004
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well covering the long eur-gbp at 28 seemed like a brilliant move at the time.........have bout it after the break for .6950-.6995....no way the UK is raising rates with the numbers they put out lately.
Also sold gbp-usd at 91 after slippage yet again , may it continue south to 1.9100 or so.....to make up for a couple stupid moves earlier in session where I gave back perfectly good pips.
KL KL 09:53 GMT December 9, 2004
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Talk less trade more...tell us where you are entering so we can decide to take the possie or not. Sometimes helpful sometimes not but a good trigger to tell us what else to look for....all this chit chat cost me now 20 pips...rats...thanks a lot...
ok again in long 1.9150...come on must be some support here...sl 15 below...getting angrily generous
HK Noob 09:50 GMT December 9, 2004
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Hi, is there any way to filter out the crap that gets posted here every five minutes by Valdez GEP KL etc. TIA
Atl TJ 09:48 GMT December 9, 2004
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Holy crap! I think I have discovered the Holy Grail of FX Trading. When the civility of this forum turns ugly we are at a turning point. Degree of nastiness is in direction relation to the time frame. Little nastiness = short term, major nastiness = long term (daily chart). What a nice leading indicator.
Los Angeles ss 09:43 GMT December 9, 2004
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GEP and KL -- just keep on doing what you do, I for one find your input useful. Just like these forums were designed to do.
Dallas GEP 09:42 GMT December 9, 2004
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To each his own opinion, could care less really RIGHT.
KL KL 09:42 GMT December 9, 2004
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long again 1.9169 sl 10 below....
LDN Right.... 09:39 GMT December 9, 2004
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GEP, jumping to the defense of KL makes your already shaky reputation look even more dodgy.
Miami OMIL (/;-> 09:35 GMT December 9, 2004
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I like for the market to make the move first instead of guessing where it is going but maybe that is just my way of thinking. BTW eur/usd is creating a small bullish symmetrical triangle and as long as the support (3250-80) holds the bulls will mount an attack on the 3500 barrier IMHO. GL GT
KL KL 09:35 GMT December 9, 2004
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London Richie, I see you need some advise...well care to join me on this long gbpusd at 1.9193...sl 7 below...
Dallas GEP 09:34 GMT December 9, 2004
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Right, ZYour Statement is totally inaccurate. I have repeatedly said I usually trade off 30 minute and 1 hour charts. KL uses a much quicker signaling system than I do but it works well for him apparently and that's great. The only thing I have been doing QUICKER lately is that I take profit quicker than I used to because of the volatility of the market. So inherently I am taking more trades but nowhere near as many as KL. I may take 5-6 per session and I am flat now and have been for some time.
BTW ML. e/p longed up just like we thought!!! LOL
Dallas Mauricio 09:32 GMT December 9, 2004
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Testy today?
LDN Right.... 09:23 GMT December 9, 2004
Capetown, as someone mentioned earlier, KL and GEP appear to believe that "5-min chart trading" means posting some crap every 5 minutes or even more frequently, solely for their self amusement as clearly it has no value to anyone.
gold coast martin 09:30 GMT December 9, 2004
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Paris A.J. 09:22 GMT December 9, 2004
We need Sammy to post some positions here so we can all see his trading style...then we can all send cheques......
london iain 09:28 GMT December 9, 2004
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come on guys, don't be so mean. You can't argue with guaranteed profits, after all.....
Paris MAXX 09:25 GMT December 9, 2004
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la so
Sure buddy where do I send the cheque? lol
LDN Right.... 09:23 GMT December 9, 2004
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Capetown, as someone mentioned earlier, KL and GEP appear to believe that "5-min chart trading" means posting some crap every 5 minutes or even more frequently, solely for their self amusement as clearly it has no value to anyone.
Paris A.J. 09:22 GMT December 9, 2004
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La So
Please give people on this Forum some respect. Do you think any participant here would be stupid enough to do business with you a dodgey Nigerian.
Now clear off......
Helsinki iw 09:21 GMT December 9, 2004
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Hey Sammy, long time no see. Which way round is your position now?
London Richie 09:20 GMT December 9, 2004
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KL KL // give us a break with your bs.
oh, by the way, forgot to mention that bought cable at the very low, and sold at the top * again*
u u 09:19 GMT December 9, 2004
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i
KL KL 09:14 GMT December 9, 2004
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I must admit my hands are itchy to tp on my short earlier...but my ego is saying ride it down to 1.80...LOL..
ok out 1.9219 +59...pips in hand better than pips in air!!
Atl TJ 09:11 GMT December 9, 2004
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It looks to me like Euro might be heading south for the next few hours leading up to Claims Report.
Atl TJ 09:06 GMT December 9, 2004
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Cape Town 08:57 GMT December 9, 2004
You are not stupid. But what you can do is go back and see where these folks are entering and exiting trades. You will get an idea of what they are doing.
ICT ML 08:57 GMT December 9, 2004
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Biled on the eur-gbp GEP.........took too long to break 30
Cape Town 08:57 GMT December 9, 2004
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I'm trying to work out the value of mentioning a trade (without any reasoning) taken 30 minutes before a post is made reporting the fact afterwards. Is there something else I'm missing, or am I just plain stupid?
Dallas GEP 08:47 GMT December 9, 2004
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KL in doing these QUICKIE trades I have to stop manually using either CLOSE position OR MARKET order going opposite direction. If I enter stop at time of trade it will ALMOST every time get stopped out EVEN if market DOESN't hit my stop on other feeds. STOP hunting at it's finest. So if market prints as close as 2-3 pips from my stop elsewhere, they WILL take it!!!
Dallas GEP 08:44 GMT December 9, 2004
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YEp ML, THX. It is looking still bullish Normally I would be shorting the shittt out of it here. But I am waiting to see if any signs of failure present themselves. ALMOST tempted to actually LONG it here but level is pretty high
KL KL 08:43 GMT December 9, 2004
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I finally got to the bottom of those SL problems I have been experiencing. Apparently if the market price gaps by 2 pips or more over your sl level then it will not honour your sl. The solution is to have a few sl set and have whichever gets executed cancelled all other sl by linking them...like oco.....this is not good...imho....looks like in volitile time better watch like EAGLE EYE!!...I trust no systems...any of your platform/brokers have the same understanding??
btw shorted gbpusd at 1.9278...thinking of letting this one run even after BOE...but first there is more locking in 5 pips first...never want to lose!!!
B.A. BOCA 08:30 GMT December 9, 2004
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MOSCOW (Dow Jones)--Russian financial market regulator Oleg Vyugin has called for greater transparency in the Russian central bank's foreign exchange policies and for a floating rate regime for the Russian ruble, the news agency Prime-Tass reported late Wednesday.
The banking system was shaken earlier this year by the central bank's abrupt decision to stop the ruble appreciating, causing many banks foreign exchange losses.
"The (central bank) is leading (Russian) banks astray," Vyugin said. "It is strange that officials are playing this game."
SanFrancisco TG 08:29 GMT December 9, 2004
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Sounds great JF, look forward to it. BTW, have locked in small corresponding gains those 3 pairs and just trailing (if they have anything to them). MOF mouthing off but if they havent intervened 2 figures below here I doubt they will for now at these levels. R/R is good for the 3 but who knows till its done eh. Enjoy the dinna
ICT ML 08:28 GMT December 9, 2004
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GEP it seems to be absorbing all the range traders .6925-28 offers for the last 30 mins or so. I bot some earlier and think it just culd bust loose for .6950 at least.
Dallas GEP 08:26 GMT December 9, 2004
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Well SIMPLY based on LEVEL, eur/gbp should be shorted HERE but from a chart standpoint it is still very bullish
tk jf 08:21 GMT December 9, 2004
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im going to dinner soon but will chat on messenger another time ill speak to jay later if thats ok
SanFrancisco TG 08:20 GMT December 9, 2004
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Hi JF. The company does, my weekly forecasts used to be on it until I wanted a break from it. I will have my own as well by Monday hopefully. Anything I can do for you? :)
perrie como 08:20 GMT December 9, 2004
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interesting aseans buy on deep mentality as europeans buying usd bonds and waiting fridays ppi knocking on wood
funny global casino
tk jf 08:12 GMT December 9, 2004
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tg do u have website?
LA Ty 08:10 GMT December 9, 2004
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it REMAINS bull but it looks to be changing to bear. only for short term.
SanFrancisco TG 08:10 GMT December 9, 2004
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Eur/usd is long, $yen is short (near term intra day). $chf is short but allowing some bids to clear out for 15 min or so before hitting it.
B.A. BOCA 08:07 GMT December 9, 2004
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cable formed a rather ugly head and shoulders pattern on hourlies, neck line is 9190...
nothing is pretty these days on the charts.
tk jf 08:01 GMT December 9, 2004
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athens kos44 08:00 GMT December 9, 2004
for clarity turn it upside down
athens kos44 08:00 GMT December 9, 2004
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LA Ty 07:56 GMT December 9, 2004
Hi.. Using daily charts the eurusd remains bull. Look for moving averages, indicators, osscilators, etc.
Gd
LA Ty 07:56 GMT December 9, 2004
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I was looking at the daily chart and it looks like the EUR/USD downtrend should continue even more. More mid term, not intraday. Does anyone else agree or disagree?
Dallas GEP 07:56 GMT December 9, 2004
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I hate to keep harping on this but this eur/gbp action is VERY unusual Could BE heading up to 7000 area those 6930 folks will not be able to hold this back BOE rate decision may be causing eur/gbp to short as well with long gbp positions being perhaps liquidated prior to annoucement
lon jr 07:52 GMT December 9, 2004
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Cable bids 10-20 asia...good stops below (192)
B.A. BOCA 07:50 GMT December 9, 2004
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dutch gov. lowers economic forcasts...blaiming it on oil, euro..
orlando jcr 07:44 GMT December 9, 2004
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I must get rest....
Missed many opportunities today for large PIP gain, but made some decent small trades, survived a bad upside down trap by cable, and exeeded my daily goal, so I guess it was a good night.
I'm tempted to do one more trade, but that is the one that always is a loser for me, so I will just call it quits - even though there is good movement.
Hopefully the AM will have some good movement too.
GL & GT to all... and to all a good night.
lon jr 07:43 GMT December 9, 2004
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GEP STOPS 6930 EURO/STG FYI
Dallas GEP 07:41 GMT December 9, 2004
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The 30 minute candle pattern is a stange on EUR/GBP Thta doesn't seem quite natural to me.
Dallas GEP 07:39 GMT December 9, 2004
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I tell you the ccy that presently VERY surprisingly active because it is moving unchracteristically fast is EUR/GBP. Looking at levels now. May be getting getting to go into higher tarding channel
sofia anmart fx 07:33 GMT December 9, 2004
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EUR/USD is a buy for 1.3470
USD/JPY sell for 101.90 ?
KL KL 07:32 GMT December 9, 2004
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jcr, look at the shorter time frame to get out. If you are shorting and the bar is extended from ma...take it and run...sooner or later it will move back near the MA....I don't think I pick top or bottom well...just make the 3 or 4 pips and tally up end of day! I am flat now and waiting ..looking at other currency like eurjpy, usdchf, audusd, eurusd...gold
Tallinn viies 07:27 GMT December 9, 2004
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good morning world!
yesterday wasnt too nice day for some of us....
anyway. out of my long euro but still keeping long euryen.
bought more sec ago at 138,59 and will keep buying it on corrections.
first target 139,10/15. will sell there half. to buy later again.
euryen looks increasingly bullish on hourly and daily charts
KL KL 07:27 GMT December 9, 2004
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out long at 64 +8.....just take the pips...re short higher
KL KL 07:24 GMT December 9, 2004
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short gbpusd 1.9288...out 56 +32....SAR and long here sl 7 below
orlando jcr 07:23 GMT December 9, 2004
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I must admit, I am NOWHERE near as good at finding the tops & bottoms as GEP & KL.
I got out much to early on cable short. Looks like I missed out on about 25PIP+
Keep repeating to myself..... "any +PIP is a good PIP"
orlando jcr 07:20 GMT December 9, 2004
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that was 2nd short from 1.9204.
First one was out at 1.9294
orlando jcr 07:18 GMT December 9, 2004
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Out cable short 1.9288
lax-lgb SNP 07:13 GMT December 9, 2004
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one peak does not a top make ... or does it ? ;-) haha
GL GT everyone !
lax-lgb SNP 07:13 GMT December 9, 2004
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mid-0.75 ought to hold for aud$ to retrace but $cad remains safely above 1.2170 ... considering a hedge with a quick SAR short on $cad
wellington am 07:07 GMT December 9, 2004
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GBPJPY put in a top yet perhaps ...? Long way back down.
KL KL 07:02 GMT December 9, 2004
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short cable at 1.9315....sl 9 above...due to inflation...good...working nicely...locking in 2 pips....hmm ...hope it goes down now & fast..tempted to take at 01...99...97...but feeling greedy..ok out 97 that took care of my -17, +1 now...phew..will reshort a bit higher
hong kong nt 06:57 GMT December 9, 2004
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BC -- your EUR/JPY range 134-139 works magic, top trades to you...
orlando jcr 06:47 GMT December 9, 2004
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Trying a cable short at 1.9304
SL at 10 this time...
Don't have a TP yet.
chicago joe 06:43 GMT December 9, 2004
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KL just no luck for you tonight, lol. Hope ur persistence pays off though.
KL KL 06:42 GMT December 9, 2004
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out 1.9280...-4 a bit too early...very soon now -17 now
KL KL 06:36 GMT December 9, 2004
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short gbpusd 1.9276 sl 7 above
orlando jcr 06:34 GMT December 9, 2004
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Well, contrary to KL's regular advise, I didn't have my SL placed when the GBP tanked...
I was able to 'double-up' a couple of times to pull out a ++ trade....!!! I was a bit worried at 9228 that it would lose it's handle.
Out at 9268 (a little early, but I was happy for positive trade) with +7PIP. I should have had a trailing stop rather than a TP as it has passed my exit by a few points now...
KL KL 06:21 GMT December 9, 2004
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farmacia, thanks for info ..well my loss is now back to -13..since the last boo boo....should have could have... BOE Rate decision today may help the slide.....then again it could have been factored in...
Bahrain Within 10 Pips 06:15 GMT December 9, 2004
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Day trade
Currency Short Long TrendShort TrendLong
EURUSD 1.3330 1.3204 Hold Hold
USDJPY 104.9074 103.8242 Hold Hold
GBPUSD 1.9314 1.9168 Hold Hold
USDCHF 1.1607 1.1492 Hold Hold
EURCHF 1.5349 1.5302 Hold Buy
AUDUSD 0.7626 0.7533 Hold Hold
USDCAD 1.2278 1.2134 Hold Hold
NZDUSD 0.7185 0.7056 Hold Hold
EURGBP 0.6907 0.6881 Sell Hold
EURJPY 138.8978 138.1141 Hold Hold
GBPJPY 201.5213 199.9491 Hold Buy
CHFJPY 90.5984 90.0581 Hold Hold
GBPCHF 2.2285 2.2166 Hold Buy
EURAUD 1.7586 1.7430 Hold Hold
EURCAD 1.6254 1.6147 Hold Buy
AUDCAD 0.9286 0.9199 Hold Hold
AUDJPY 79.3426 78.8159 Sell Hold
Brisbane L 06:14 GMT December 9, 2004
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shanghai bc for the big picture
( complete its last leg of downside first..
Usd/Chf 1.12 as the next downside target first..)
what sort of time scale are you thinking of , or is that too difficult to envisage in this type os a market.
shanghai bc 06:09 GMT December 9, 2004
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L 05:11 --Good afternoon..Dollar never staged any decent bounce for a long time and commodity market's downturn provided a good reason for Dollar bounce after making a new low only two days ago..Guess Dollar may consolidate for a while and make the next move.。And it may complete its last leg of downside first..Usd/Chf 1.12 as the next downside target first..Imho..Good trades.
Makassar Alimin 06:07 GMT December 9, 2004
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for bulls, pray that 1.3250 will hold at least for today, if successfully defended will give another lifeline to attack 1.3450 starting friday tomorrow to next week with plenty of us data releases as potential triggers but remember also that all negative stories have been priced in so far, will take much much worse data to bring euro higher than the recent high we have seen
Ltn th 06:04 GMT December 9, 2004
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Poachers after ivory will start lying in wait for elephants now 5y T sales winding down and poor equity fundamentals weigh on both yen and USD. Euro and GBP equities looking positive.
melbourne farmacia 05:58 GMT December 9, 2004
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KL - sorry 1.9190 / 1.9142 & 1.9090 if slide continues...
gota go.. Thunder storms about.
Makassar Alimin 05:51 GMT December 9, 2004
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if the same elephants as yesterday decide to hunt more stops in euro, we might see 1.3083 traded, but it is probably too early to say this
i must admit very surprising though looking at the chart where i left it 10 hours ago, a lot has happened, and i missed all of them LOL
1.3350 was taken but falling back to under 1.3280, bears are in control
Bahrain Within 10 Pips 05:47 GMT December 9, 2004
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106 for yen would be it for 100
Ldn 05:38 GMT December 9, 2004
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DJ.)Technical signals from NY BOT's USD Index which now around 82.04 suggest longer term USD downtrend intact, no strong basis to push USD up sharply from current levels, says technical analyst Andrew Torchia. Sees strong underlying resistance at January-February lows of 84.56-80 as attractive place to sell index on rally. If index breaks April 1995 low of 80.05, expect fall to stronger support on August 1992 low of 78.19 .
Bahrain Within 10 Pips 05:34 GMT December 9, 2004
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GM all..
GBP/CHF longing at drops around 2.2190 area
melbourne farmacia 05:30 GMT December 9, 2004
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KL - watch yourself mate.. could slide to 1.9090
KL KL 05:25 GMT December 9, 2004
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in long gbpusd 1.9250
Mfld JM 05:19 GMT December 9, 2004
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Closed gbp short 9258 getting sleepy - good night!
Brisbane L 05:11 GMT December 9, 2004
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Shanghai BC, not seen you around recently, would like your view on this USD rally and what time scale do you see it lasting . Do you see the Aud hitting 80 before 70 also sorry to ask so much thanks
LA Fxnew 04:55 GMT December 9, 2004
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gep:
whats ur view on usd/jpy?
thanks
Sydney 04:38 GMT December 9, 2004
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A surprise increase in employment sent Australia's jobless rate to a new 27-year low in November, reinvigorating expectations the Reserve Bank of Australia will need to raise interest rates next year and destabilizing minority calls for rate cuts. The unemployment rate fell to 5.2% in November from 5.3% in October as the number of employed rose 24,500, the Australian Bureau of Statistics said Thursday.
The unemployment rate is now at its lowest since the monthly series began in February 1978, and matches the February 1977 reading from the old quarterly series. Economists said the jobs data implies the economy hasn't slowed as much as official statistics suggest.
"This will put the cat among the pigeons,"
BT Financial Group.
tk jf 04:36 GMT December 9, 2004
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jv- i still think eur/gbp goes down but i dont watch it intraday to know wht the swings wud be
KL KL 04:30 GMT December 9, 2004
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out gbpusd short 1.9278 out 1.9292 +14...still looking for 3 more
Mfld JM 04:14 GMT December 9, 2004
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Okay - that was 9277 not 9377 Anyway will add to short posi at 9295 if seen soon
Mfld JM 04:12 GMT December 9, 2004
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Closed 2/3 of posi at 9377
KL KL 04:10 GMT December 9, 2004
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-17 so far on my down trend...long again 1.9278 sl 10
NYCNYCNYC 04:06 GMT December 9, 2004
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sensing sentiment remains pretty bullish eur/usd.
too much so, maybe.
KL KL 04:04 GMT December 9, 2004
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ha ha eat my dust gbpusd out +2 at 1.93...long again 1.9288...sl 7 below
Mfld JM 04:02 GMT December 9, 2004
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Shorted GBP 9289 looking for 9250ish, SL @ 9307
prague jv 03:53 GMT December 9, 2004
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morning JF ,good day for you as well .
KL KL 03:52 GMT December 9, 2004
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long again gbpusd 1.9298...no more shut eyes
van Gecko 03:48 GMT December 9, 2004
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London 15:06.. exact market turning points are only evident in hindsight after the market had moved long past the previous tops & bottoms.. anyone who tells you they can consistently pin point the exact market swings in advance are born again Houdini wannabees.. one of the many tricks of the trade in this biz is to follow the market after it had taken out some major levels from a previous major or intermediate tops/bottoms (ie. turtles).. another trick is in applying good sound analytics to identify market reactions at/near major market levels or inflection points and scale in positions in anticipation of a directional change.. both methods (or any methods) requires sound risk & positional trade management tactics within the traders comfort zones in-order to enhanced ones longevity & make real money consistently in this biz..
as for 'quick change artists' who thinks they can beat the market trading micro noise swings.. while some of those rare breed may indeed exist in real life, had never meet any who can consistently make real money & survive over the long haul.. imo successful 'low risk' short term noise swing trading myths exist only in books & subscriptions hypes..
ICT ML 03:00.. cheers.. gl with your possies..
Sydney 03:46 GMT December 9, 2004
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Australia's Treasurer Expects Strong Retail Sales In Dec
nyc Joel 03:42 GMT December 9, 2004
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LA TY
Why do you talk in riddles time and time again
If you have something to say -SAY IT
I am sure you are a very astute trader
So throw your stuff out there for everyone to comprehend
tk jf 03:36 GMT December 9, 2004
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ml-jv-im gd morning - gt today-
Halifax CB 03:08 GMT December 9, 2004
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Just remembered what a problem 1.333 was in EURUSD not that long ago, going the other direction. Discretion being the better part of valour, I think I'm going to go read a book & have a glass of pinot noir until well after 1.330 is broken. Later...GL/GT...
Halifax CB 03:01 GMT December 9, 2004
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In my more cynical moods, I wonder whether things like the EU ban on exporting arms to China (current talks) affects forex. Funny how the pressure on a stronger euro lightened up once the talks started going harmoniously. Certainly China has the financial muscle to wage war through forex....
prague jv 03:00 GMT December 9, 2004
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eur/gbp ready to go back higher . daily mixt , so for now calling 0.6970 and then we will see where to next .
ICT ML 03:00 GMT December 9, 2004
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van Gecko 02:00 GMT December 9, 2004
right on mate, just have to let all the die hards and jonny come lates buy back in:-) we shall see what happens in a few hours.
we're short cable and long $Yen right now and look to sell into aussie blip adn maybe buy more $cad. Aussie gave a daily sell signal last week and don't think its done selling off just yet myself. Not ready to pronounce the euro bulls dead yet, but it shuldn't have fallen so low so fast if there was real $$$$ buying interest at these levels I think. Cuold be wrong though......
Yday in Ldn session was talking to JF and after selling euro, gbp, aud and cad vs $$$ for a nice little run down, I proudly announced that "I was done for the day, its just giong to bounce around a bit in NY session", took the good pips and went to bed......to wake up to see that they all fell another 100 pips or so........what a way to start the day...Hahaha
Halifax CB 02:43 GMT December 9, 2004
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More thoughts - Noticed that EURUSD has completed a 618 retracement of the fall from its peak, as has GBPUSD, and both seem to be continuing the down trend. So it's a good time to look for confirmation for more shorts USDCAD is also looking like a buy (RSI(13), P-SAR) on the 30 min & under charts, which a bit risky...
LA Ty 02:19 GMT December 9, 2004
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wow.... EUR/CHF/GBP dead.....
KL KL 02:15 GMT December 9, 2004
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quito_ecuador_valdez...I mean too busy collecting pips until no time for self maintenance....LOL
KL KL 02:14 GMT December 9, 2004
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quito_ecuador_valdez...I thought GEP needed those large shoes for his long toe nails....LOL
Dallas GEP 02:10 GMT December 9, 2004
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Aussie and usd/cad MOST of the time move pretty much in opposite directions. Fairly good relationship.
Dallas GEP 02:07 GMT December 9, 2004
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LOL, Valdez, I wish!!! C ya later
Miami OMIL (/;-> 02:04 GMT December 9, 2004
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With the aud/usd I have next support key 7510-20, 7420-30 and 7350-60. This pair has turned the signals bearish and looking for a deeper correction as long as it stays under 7590-7600 and 7660-80 it will seek to take out the support lines IMHO. GL GT
LA Ty 02:03 GMT December 9, 2004
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one of these candles is going to blow its load. lol
LA Ty 02:02 GMT December 9, 2004
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or wasn't it "Buckle up Dorothy ...cause Kansas is going bye bye.
quito_ecuador_valdez 02:02 GMT December 9, 2004
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I heard GEP wears size 15 western boots but his true size is a 10..needs all that extra space for all those bloomin' pips. LOL..hasta la outahere.
Dallas GEP 02:01 GMT December 9, 2004
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Thnx, Valdez....!!!
LA Ty 02:01 GMT December 9, 2004
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Buckle up...cause Dorothy is going bye bye.
van Gecko 02:00 GMT December 9, 2004
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its was around the same time yesterday the Dollar got rolling in Asia.. major sentiment shifts in the minds of market moving elephants usually don't change over-night..
cheerios..
Dallas GEP 01:59 GMT December 9, 2004
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OK then,,,, Aussie has shown us I THINK it is a SELL on RALLIES. Out at 7568 -17, can't win them all!!!
quito_ecuador_valdez 01:59 GMT December 9, 2004
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Tell U what GEP, for every bonehead move you make you score 50 good ones. But then again, you are a Texan.
LA Ty 01:58 GMT December 9, 2004
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wow.. Ive never seen a mixture of 10 hammers, dojis and gravestones side by side on a 5 minute chart before.
Dallas GEP 01:57 GMT December 9, 2004
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Gracias, Este es Mi' primero rodeo!!!!
just kidding!!!!
Dallas GEP 01:54 GMT December 9, 2004
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I dunno WTH I was thinking when I with that manual stop @ 7575 on Aussie. Clearly the support IS and HAS been at 7570. I guess I was thinking in terms of a 10 pip stop. LOL What a bonehead move!!!!
quito_ecuador_valdez 01:54 GMT December 9, 2004
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I bet you are, GEP buddy. Put me in your wallet! Your clients must be awsomely happy...I'd estimate way over 700 pips in last 10 days for U w/ increase of >1M in cap overall. You're way too modest ("Downtown Dallas."..remember??? LOL). Kick butt big guy.
gold coast martin 01:53 GMT December 9, 2004
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GEP...If there is any going to be any meaningful support for the ozzie short term it is the 7556 level,,,,fwiw....
gold coast martin 01:52 GMT December 9, 2004
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...LOL...I was reffering to..if you exit you can always enter again actually..lol.....
LA Ty 01:50 GMT December 9, 2004
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here we go.. some bids being placed, some panic lol lets see where this takes us.
Dallas GEP 01:50 GMT December 9, 2004
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Ok this 7570 is support on AUSSIE. If it doesn't hold I am OUT on these AUSSIE longs
LA Ty 01:49 GMT December 9, 2004
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gold coast > HaHA I didn't mean "if in doubt, stay out" (of the hoe) , but that will do lol. Its my motto for FX. lol
prague jv 01:49 GMT December 9, 2004
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gbp/usd has no direction , till belowe 1.9400 and above 1.9320 . gl
Miami OMIL (/;-> 01:49 GMT December 9, 2004
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I wanted to find out how much of a dent the bears would make on the bulls armor and I did. A valid effort by the bears in the eur/usd pair but they came shy at the end of the day. A close under the 3280-3300 area would have put more pressure on the bulls but as suspected eur/jpy did not sympathize with the bears this time as it reached the resistance (139.00-10) without many problems. With immediate resistance around the 3360-70 area I will wait to see how high this bounce goes while the indicators are finally turning bearish. I have no buy signal at this time so the bears might not be finished yet with this move.
Resistance for eur/usd pair stands now at 3380-3400, 3460-70, 3500-10 and 3530-40. Main objective is still around the 3500-30 area.
Immediate retracement numbers are 3400-10, 3350-60, 3320-30, 3290-3300 and 3245-3255.
Retracement numbers are 3340-50, 3260-70, 3200-10, 3140-50 and 3060-70.
Second wave retracement numbers are 3260-70, 3150-60, 3050-60, 2950-60, and 2830-40 for now key retracement number is 3140-50.
Resistance T/L 3550-60, 3400-10 and 3370-80 Support T/L 3020-30.
Support is around the 3300-20, 3250-3280, 3210-30, 3170-80 and 3040-60 for now key support is around the 3170-80 area IMHO. GL GT
Dallas GEP 01:47 GMT December 9, 2004
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Well Mi' amigo. I haven't been counting but I am very happy with it for sure!!!!
gold coast martin 01:46 GMT December 9, 2004
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LA Ty 01:44 GMT December 9, 2004
LOL...This applies to forex as well......
quito_ecuador_valdez 01:46 GMT December 9, 2004
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ty// No, sorry, we've derailed in communication here...sorry...not talking short term nor equating today with 1 year ago..only saying long term it's typical of €/$ to peak after 1,000-1,500 pip upsurges, reverse, peak again about the same value as prev peak, reverse again..cycling 2-4 times like this in 450-500 pip quick sudden range jumps, forming more or less a double or quadrupple peak, then a 1,000-1,200 pip decline equal but mirror image of the incline which formed the peak in the first place. Since this pair is nearing the end of an incline from 2002, we'll see some real volitility & t/p hunting grounds well into Q1 05, hopefully into Q2 05. Great time to trade in my op. GT all..signing off 'til maybe Fri. New 'puter, broadband connection & platform all next week...fritz city.
Dallas GEP 01:46 GMT December 9, 2004
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I am working the stops on some of these quick possies with the close position screen because platform providers are stop hunting. I would have been already OUT on that AUSSIE short but I am working it manually.
LA Ty 01:44 GMT December 9, 2004
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oh, well. nothing wrong with exiting and re-entering. If in doubt, stay out.
LA Ty 01:43 GMT December 9, 2004
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USD/CHF has 3 gravestones and 2 dojis in a row... HaHa
dc fxq 01:41 GMT December 9, 2004
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LA Ty 01:35 GMT
it feels that way to me.
LA Ty 01:40 GMT December 9, 2004
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I closed my short position.... im not comfortable with it. I'll re-enter once I see something interesting. Watch me miss a huge spike LOL
LA Ty 01:39 GMT December 9, 2004
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EUR/USD + GBP/USD + USD/CHF all very indecisive
Toronto Aviator 01:37 GMT December 9, 2004
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LA Ty 01:32 GMT
Which chart are you referring to??
Many thanks in anticipation
LA Fxnew 01:37 GMT December 9, 2004
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can anyone advise a direction for cable pls?
thanks
LA Ty 01:36 GMT December 9, 2004
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but Valdez, Im talking short term / intraday like now. Are you saying there was a reversal at this time last year too ?
sg kan 01:35 GMT December 9, 2004
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Dallas GEP,
what's your view on eur and gbp.
LA Ty 01:35 GMT December 9, 2004
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5 minute charts
quito_ecuador_valdez 01:35 GMT December 9, 2004
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LA ty// Why do I feel a reversal? Check 3 year €/$ chart..pick any of the 5 major peaks you want..superimpose this peak (from 1.22) over any of them..see the correlations?
Dallas GEP// Congrats amigo on last week's & this weeks trades thus far..you flat tear it up, bubba! Well done. What's your pip net last 10 days? Just curious...you're amazing.
LA Ty 01:35 GMT December 9, 2004
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theres somethin major goin on.... anyone get that feeling?
Chicago Irish 01:34 GMT December 9, 2004
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LA ty.............What timeframe are you looking at ?
LA Ty 01:32 GMT December 9, 2004
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double hammers then a doji THEN a potential gravestone? ...market is very odd right now....
Tokyo IM 01:31 GMT December 9, 2004
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Goodmorning all.
LA Ty 01:30 GMT December 9, 2004
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lol
LA Ty 01:30 GMT December 9, 2004
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Why do I feel a reversal? Because Im inexperienced?
LA Ty 01:29 GMT December 9, 2004
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fxtrek blacks out sometimes.
LA Ty 01:29 GMT December 9, 2004
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i have some minor support at 3270 if I stay in, but price action is strange right now.
quito_ecuador_valdez 01:29 GMT December 9, 2004
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Any reason my free fxtrek charts aren't online?
Dallas GEP 01:28 GMT December 9, 2004
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long AUSSIE 7585 10 pip stop
van Gecko 01:28 GMT December 9, 2004
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dc fxq 22:56.. i think after letting the bulls blow past 1.30 & blew their chance in putting out the fire at the bud..the market dynamics of the last few days suggest they had adopted a psycho/passive 'get more bang for bucks spent' tactic instead of the reactive 'in you face' style of the past..
realizing time & money is on their side, they may be content with covert massaging of certain lines in the sand and let the mounting psychological pressures to play its tricks in the mind of the bulls for an orderly natural turn..
some objective thinking seasoned bulls will see the underlying writings on the wall and get out while the going is good.. where as the more subjective types & late comers joining the party will always add some last minute liquidity near the end of all trends..
Los Angeles ss 01:27 GMT December 9, 2004
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Anyone care to venture a guess on the low for EURUSD for the Asian session???
LA Ty 01:27 GMT December 9, 2004
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hmm i dont like whats happening here.. seems odd.
sg kan 01:26 GMT December 9, 2004
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LA Ty
what is your support level for EUR and GBP. TIA
quito_ecuador_valdez 01:26 GMT December 9, 2004
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See my post on Financial Forum.
Expect (but not a prediction!) €/$ 1.3000-1.3100 correction bottom (if this is indeed a "correction move" for €/$) because since 2002 has dipped 450-500 pips quick after forming a peak (as we just did shy of 1.35 since 1.22). Expect quick 450-500 pip ranges..2 to 4 of them culminating in a double peakish formation before a true decline in this pair's chart (based on history from 2002). Don't worry about grabbing all the pips..get what you're comfortable with, but don't get on the "wrong side" either...wait it out a bit when you close to make sure range move has maxed. Bias to swing trading & patience next 2 weeks to limit risk, maximize t/p's.
melbourne farmacia 01:22 GMT December 9, 2004
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KL – Until 1.9020/50 breaks, I’ll continue buying off channel supports & dumping top end… 3 odd figure swing range.. GT
Fwiw – Internal Centrelink memo dated 26th august 04, outlines new government requirements for classification of unemployed… ( long history both sides of government ) but this document is a ripping read. Expect 5.1 % early 05…
Dallas GEP 01:22 GMT December 9, 2004
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Closed AUSSIE 7595 +19. This 7590 is short term support
LA Ty 01:20 GMT December 9, 2004
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should tumble now.
Syd 01:16 GMT December 9, 2004
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Dallas GEP I will remind you when it does so hang on to them
London 01:15 GMT December 9, 2004
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Australia's jobless rate hit a new 27-year low in November
KL KL 01:15 GMT December 9, 2004
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in gbpusd long 1.9341...
LA Ty 01:14 GMT December 9, 2004
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thanks fxq.
Philadelphia Caba 01:10 GMT December 9, 2004
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eurjpy 139.00-10 still holds...it's just matter of time for eur to broke up?
Dallas GEP 01:09 GMT December 9, 2004
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OK They will some bids at 7600 on AUSSIE
dc fxq 01:08 GMT December 9, 2004
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MARTINized
haven't heard that phrase in a coon's age
dc fxq 01:08 GMT December 9, 2004
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LA Ty 01:01 GMT
EUR/GBP
LA Ty 01:05 GMT December 9, 2004
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EUR and GBP might take a tumble again
Dallas GEP 01:04 GMT December 9, 2004
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OK this AUSSIE needs to be MARTINized SHORT,
Gen dk 01:03 GMT December 9, 2004
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Trading Signals Updated:
CLICK HERE for more Gen dk information
Dallas GEP 01:01 GMT December 9, 2004
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Well SYD, I better hang on to my gold bars then!!! LOL
LA Ty 01:01 GMT December 9, 2004
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the EUR/JPY & GBP/JPY have some good positive correlation... what is the negative pair of those two charts?
gold coast martin 01:00 GMT December 9, 2004
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SYD GVM......The dates to keep in mind is between the 16th-19th of december as these are dates where funds exiting will reach a climax...will give you extra reaso to celebrate on a friday....g/t
Syd 00:57 GMT December 9, 2004
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Dallas GEP Gold is said to be going to $500 next year
sydney gvm 00:56 GMT December 9, 2004
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Martin - thks for your comments on AUD yesterday bought my aussie back @ 7555 last night
NJ RT 00:56 GMT December 9, 2004
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thank you Dallas
KL KL 00:54 GMT December 9, 2004
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GEP, aud not bolted due to gold...keep an eye on it. was yesterday mega move on gold one off or is there follow thru tonight/later...some US data out as well! This week trading is like tornada, hurricane, earth quake, flood, snow, rain, hail, shine...all in one area...LOL
btw out short gbpusd at 1.9370 +8
Dallas GEP 00:53 GMT December 9, 2004
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Well RT...I may try a short from 1.3380
Philadelphia Caba 00:50 GMT December 9, 2004
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eurjpy heading again close to 139.00-10 barrier.
gold coast martin 00:49 GMT December 9, 2004
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Dallas GEP 00:39 GMT December 9, 2004
This employment data is seasonal gep..as i posted before the shacles of a high trade deficit , the threat of the burst of the assett bubble and the passing of the peak of the commodity cycle,are long term factors that in the short term have prevented the aussie to reach yearly highs....in the short term expect some action in the mid 7550s-76....i refer again to the crucial resistance level of 7483-89...if this one is breached no hope of seeing 78 again for at least 8 months......g/t
Brisbane L 00:44 GMT December 9, 2004
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Really good numbers AUD Data, we may get a dip if the Euro and GBP take another hit lower, so really it has to be on my XMas list
NJ RT 00:44 GMT December 9, 2004
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Dallas GEP : where do you see eurusd next? Appreciate your input. Thank you
Dallas GEP 00:39 GMT December 9, 2004
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Aussis should have bolted long on data but did not.....looking SLIGHTLY bearish but could be delayed reaction THEN long Stop is at 7629 now
LA Ty 00:37 GMT December 9, 2004
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that EUR resistance is at about the same place as GBP/USD resistance @ 9410.
NJ RT 00:37 GMT December 9, 2004
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guys ...where I can get a GOOD news site. The one provided by my broker sucks
LA Ty 00:36 GMT December 9, 2004
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So are you guys expecting Asia to follow USA ? Don't forget EUR/USD resistance @ 3384.
Dallas GEP 00:34 GMT December 9, 2004
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7614 short AUSSIE 50/50 chance
Syd 00:33 GMT December 9, 2004
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DJ Australian Nov Employment +24,500; Consensus -10,000
Australian Full-Time Employment +28,900
Australian Participation Rate 63.7%; Consensus 63.6%
SNAP: Australian Nov Unemployment Rate 5.2%
KL KL 00:33 GMT December 9, 2004
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short gbpusd 1.9379
Top of the day Farmacia...where were you giving me the guidance yesterday in matters of support or resistance...LOL
Was trading like a mad man. So has the trend changed yet or just profit taking week??
LA Ty 00:32 GMT December 9, 2004
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koishi > wakatta. domo. omoshiroi desu
Pecs Andras 00:32 GMT December 9, 2004
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Aussie job up 24K, top of the wide exp range
Toronto YV 00:31 GMT December 9, 2004
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AUS Nov Unempl 5.2 , 5.4 consensus
Sapporo Koishi 00:24 GMT December 9, 2004
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Ty, sorry I got that story alittle mixed up, i found the article again, A exchange traded fund that specialises in gold bullion will open next yr on the Dow. article
chicago joe 00:21 GMT December 9, 2004
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I don't see how euro could make new highs this week given the fed meets on tuesday, if anything market should try to price a rate hike in.
Sydney 00:21 GMT December 9, 2004
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.JP. Morgan recommends unwinding USD/JPY short positions as sell-signal on technical charts disappeared after pair's overnight rise. "We may have underestimated the risk of speculators' unwinding of dollar shorts." Notes USD's rise also due to renewed attention to interest rates, as seen in USD/CAD's rise after Tuesday's BOC announcement suggesting may keep rates steady for some time. "The dollar may get temporary support if prospects of aggressive interest rate hikes by the Fed heighten," on next week's FOMC statement, Fed officials' remarks
J.P. Morgan Chase Bank
Dallas GEP 00:20 GMT December 9, 2004
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Aussie data in 10 minutes. In meantime AUSSIE is longing to daily high
Sapporo Koishi 00:10 GMT December 9, 2004
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TY, Ohaiyoo, Watshi wa Nihonjin dewa arimasen. Igirisujin desu.
KL KL 00:03 GMT December 9, 2004
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out gbpusd at 65 +16...flat now
Brisbane 00:02 GMT December 9, 2004
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Australia Inflation Expectations At One-Year Low In Dec
survey of inflationary expectations in December shows Australian consumers expect prices to rise 3.5% over the next 12 months, down sharply from 4.5% in November. inflation expectations are at their lowest level since December 2003
The Melbourne University's Institute of Applied Economic & Social Research
LA Ty 00:01 GMT December 9, 2004
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Koishi san> nihonjin desu ka? mae ni watashi wa tokyo ni sunde imashita. Mitaka shi shiteru?watashi wa kanadajin desu ga vancouver to LA ni sunde imasu.