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Forex Forum Archive for 02/26/2004

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Melbourne Qindex 23:59 GMT February 26, 2004 Reply   
USD/JPY : Current Comment.  Register with [email protected] if you have no access to my page.

melbourne farmacia 23:51 GMT February 26, 2004 Reply   
Just a observation in early asian trade on Euro fwiw. As she moving down in a classic pattern, my concern is euro trading around or above the 1.2480 area. My point being if euro continues to short, it needs to happen at or under the 1.2480 area. I would suggest cover shorts if level breaks. I should have a better idea around London open. GT

Dublin CK 23:50 GMT February 26, 2004 Reply   
Would there be any substance that the jpnse financial year is drawing to a close and a key accounting benchmark for the valuation of net assets in the financial statements is the year end foreign currency rate. A stronger yen, the better....

ie when retranslating net assets and liabilities back into yen would result in stronger balance sheets, better (loss)/gain on fx transactions.

Which would therefore lead to improved financial statements, increase in reserves/profit and eventually better analyst ratings and a continuation of economic success?

With the BOJ achieving some of its objectives.

Melbourne Qindex 23:50 GMT February 26, 2004 Reply   
USD/CAD : Current Comment.  Register with [email protected] if you have no access to my page.

London 23:42 GMT February 26, 2004 Reply   
Lack of conviction among FX traders is making for choppy trade: Since sending USD to record lows vs EUR, 3.5-year lows vs JPY a bit over a week go, speculators have exited most USD shorts amid rhetoric from eurozone officials. EUR/USD risking fall under year-low 1.2350, which could open up drop to 1.20. Speculators likely to quieten before ECB meeting next week, U.S. jobs data next Friday, and lack of liquidity may produce some big swings; "there's a lot of money on the sidelines waiting to get reallocated," says Alaron Trading's Craig Russell
reuters

Melbourne Qindex 23:38 GMT February 26, 2004 Reply   
AUD/USD : Current Comment.  Register with [email protected] if you have no access to my page.

saloniko 2004 nk 23:31 GMT February 26, 2004 Reply   
hk ab

BOJ boys spend a lot trying hold USD/J..and one terrorist move or rumor or whatever help them to hold 105..

What i dont know is how long..

For the time soon i will go zzzzzz ..

Good Night!
nk

hk ab 0.66 23:26 GMT February 26, 2004 Reply   
still couldn't catch the 110.....

cerete juan david 23:20 GMT February 26, 2004 Reply   
saloniko 2004 nk 23:15 GMT February 26, 2004

hope that move come fast, i'm getting bore waiting...

hk ab 0.66 23:18 GMT February 26, 2004 Reply   
nk, which side on dlr/jpy are you playing?

saloniko 2004 nk 23:15 GMT February 26, 2004 Reply   
cerete juan david 23:10 GMT

i guess hawks are waiting USD/J move..


nk*!*

Melbourne Qindex 23:11 GMT February 26, 2004 Reply   
EUR/USD : Current Comment.  Register with [email protected] if you have no access to my page.

cerete juan david 23:10 GMT February 26, 2004 Reply   
so there will be no sleep tonight waiting euro to go down in asia time?

Ldn 23:09 GMT February 26, 2004 Reply   
ECB rate cut would effectively signal top for EUR, bottom for USD, says Macquarie Bank.

Ldn 23:06 GMT February 26, 2004 Reply   
EUR/USD extending losses, with pressure on ECB now from France to cut rates

Melbourne Qindex 23:03 GMT February 26, 2004 Reply   
Miami OMIL 22:53 GMT - The odds are in favour of going down first in Asia time.

NEW YORK RP 22:58 GMT February 26, 2004 Reply   
FWIW The politicians are calling for a rate drop not the ECB,
(BIG difference)
This has already occured and the Euro dropped then ran to the highs. Anything can happen but this is a tool to scare Euro from moving higher. I believe the markets will chop for a bit maybe even 1.2325 area before continuing what its course is. This is a dollar problem not a Euro problem at hand.
GL and happy trading

Miami OMIL 22:53 GMT February 26, 2004 Reply   
Thanks Qindex you read my mind. I was hoping for a bigger bounce maybe I will get it. I will be ready to load up on my short when the time dictates it.
Rafe thanks for the bands they help a lot hope everything is going good for you this week. (/;->

Caribbean! Rafe... 22:47 GMT February 26, 2004 Reply   
1.2499-1.2387=112/2 n=.0056

midpoint 1.2387 + n= "1.2443" (current rate)

Probable points on Friday 1.2555 or 1.2331 possibly greater to the extreme 1.2723 or 1.2276.

Euro Pivots until major points taken out.

*major points*

** mid-points**

*1.2723*

**1.2611**

*1.2499*

** 1.2387**

*1.2276*

Melbourne Qindex 22:46 GMT February 26, 2004 Reply   
cerete juan david 22:43 GMT - With a little bit of luck we will see it today, on Friday.

cerete juan david 22:43 GMT February 26, 2004 Reply   
I MEANT 1.23 AREA, SORRY

cerete juan david 22:42 GMT February 26, 2004 Reply   
HOW LONG SHOULD WE WAIT TIL WE SEE EUR/USD GO TO 1.21 AREA?

Melbourne Qindex 22:42 GMT February 26, 2004 Reply   
Sydney bl 22:39 GMT - Good morning! You are welcome.

Sydney bl 22:39 GMT February 26, 2004 Reply   
thanks Dr Qindex

Miami OMIL 22:33 GMT February 26, 2004 Reply   
Indonesia solo raden_masandi 20:33 GMT February 26, 2004
Raden if you are still around, how high do you see the correction for eur/usd before it tries to break 1.2350-30 area. (/;-> tia

Melbourne Qindex 22:33 GMT February 26, 2004 Reply   
EUR/USD : The market is now consolidating between 1.2386 - 1.2451 (Set A). The odds are goo that the market will tackle 1.2321 in the next move. The mid-point reference of 1.2191* - 1.2451*, and 1.2321* is a quantised level in Set B.


Melbourne Qindex 10:56 GMT February 26, 2004
EUR/USD : The following 22-day cycle are now governing the downward trending movement of the market.

Set A : ... // 1.2191* - 1.2256 - 1.2321 - 1.2386 - 1.2451* - 1.2516 - 1.2581 - 1.2646 - 1.2711* // ...

Set B: ... // 1.2321* - 1.2347 - 1.2399 - 1.2373 - 1.2425* - 1.2451 - 1.2477 - (1.2503) - 1.2529* // ...


cerete juan david 22:23 GMT February 26, 2004 Reply   
GBP IS MAKING TIME, DOES ANYBODY SEE A REVERSAL???

GVI john 22:17 GMT February 26, 2004 Reply   
This report is posted twice daily on GVI. For information on how you can access GVI, contact [email protected]
STRATEGY SESSION —Far East Open
eur/$ 1.2440…. $/yen 109.60
DJIA 10,580, -21 pts…NASDAQ 2,033, +10 pts
10-yr 4.04%, +3 bp’s
MARKET OPINIONS:
For a broad range of opening levels click on GVI’s “Market Snapshot”:
CLICK HERE
See GVI...

London 22:16 GMT February 26, 2004 Reply   
NZ ECON: Jan Trade Deficit Widens, Year-to Hits Record NZ$3.62b

Ldn 22:07 GMT February 26, 2004 Reply   
Reuters
Fed's Bernanke-euro not major challenge to dollar
Thursday February 26, 5:02 pm ET


WASHINGTON, Feb 26 (Reuters) - Federal Reserve Governor Ben Bernanke said on Thursday the five-year-old euro currency was taking on rising importance in global markets but is not a threat to the dollar's dominance as a form of exchange.
"A summary evaluation of the euro's international position is that the common currency's role has been increasing but that so far the euro has posed less a challenge to the U.S. dollar as an international medium of exchange than some analysts expected," Bernanke told a conference sponsored by the Institute for International Economics.

He said the greatest benefit for nations now using the euro is a strengthening of European financial markets, notably government debt markets.


Dublin CK 21:34 GMT February 26, 2004 Reply   
D'oh,

Thanks :-)

LA JBV 21:33 GMT February 26, 2004 Reply   
Dublin. ECB decision is next Thursday.

Global-View 21:32 GMT February 26, 2004 Reply   
We will put a stop to this before it escalates. We have members from over 100 countries so the population is as diverse as you can get in all respects. To our and your credit, we operate as a harmonious community in what we feel is a very special place in the global trading world.

Dublin CK 21:31 GMT February 26, 2004 Reply   
Personnally,

I think its heading south, but on a short term technical side of things north.

People are taking profits ahead of the ECB decision on Tuesday.

If theres no cut (as expected), 105 should be revisited.

Tmw's friday and anything can happen.

Male 26 & becoming broke - i was thinking of applying for a proprietary trading firms that are looking to find and develop new trading talent. They give u capital and you split the profits, id say they would laugh.

KL KL 21:26 GMT February 26, 2004 Reply   
So what the plan now? Long EUR (IN 1235 TP 125/GBP IN 18620 TP 18740 REVERSE...Short USD/YEN NOW TP 1.09)....tIME TO SLEEP OVER IT!!

Rivonia PipPirate 21:20 GMT February 26, 2004 Reply   
Dallas GEP 21:18 actually 60bpm, must be crosstalk on your T1 line. :-)

Dallas GEP 21:18 GMT February 26, 2004 Reply   
I can hear you heartbeat PipPirate, it is 72 beats a minute. LOL

Rivonia PipPirate 21:15 GMT February 26, 2004 Reply   
(ECHO........................... ...................................echo)
no its an echo

Dublin CK 21:13 GMT February 26, 2004 Reply   
Pin drop u mean Charles

But the echo sure is getting louder profit, prooofit, ppppprrroooofiittt.

NYC YIPPEE 21:11 GMT February 26, 2004 Reply   
Oh Charlie......

Memphis Charles 21:10 GMT February 26, 2004 Reply   
You can hear an echo in here.......

nyc jk 20:37 GMT February 26, 2004 Reply   
out of the EUR long for a few pips loss, all's dead now will be back later. gl

Indonesia solo raden_masandi 20:33 GMT February 26, 2004 Reply   
hehe... gbp/usd chart emotion changed number not at 1.8637 again, butwill give extra bonus at 1.8650!!

Leva anka 20:32 GMT February 26, 2004 Reply   
Odessa... http://www.elliott-wave-analysis.com/

Indonesia solo raden_masandi 20:28 GMT February 26, 2004 Reply   
horay..... gbp/usd will get 1.8637 again from now. thanks for this message from gbp/usd chart emotion.

nyc jk 20:20 GMT February 26, 2004 Reply   
za I guess I should have been a bit more clear as I was trying to understand specifically what you meant with regards to the EUR, but not to worry.

Rivonia PipPirate 20:17 GMT February 26, 2004 Reply   
CT DB 20:04 Hi pal, yes a lot of mouthing off by politicians suggests things are starting to overheat, but my econ 101 and ½ does not help me in assessing the true nature of the economic problems in Europe etc. I am just a day trader and do not hold for m/t, the Euro line in the sand is there for all to see, so I'm just playing it by ear with the help from the many experts here. Best of luck.

CT DB 20:04 GMT February 26, 2004 Reply   
Rivonia PipPirate,
good evening mate,
i am inclined to agree that this presents an opportunity to buy euro, something that i have been doing since 1.2520. Despite the pain i remain conviced that unless 2330 is broken we remain in a lrger range bound market of 600 pips. to counter the pain i have been shorting gbp and usdchf. with regards to ECB rate cut, i personally dont think it is on the cards or in the eurozones best interest. GL & GT

sf mike 20:03 GMT February 26, 2004 Reply   
Closing time for me. See you guys tomorrow.

Spotforex NY 20:02 GMT February 26, 2004 Reply   
crusher - that is a quote I put up quite often on this forum.....

The actual source is from the Gartman Letter. Dennis uses the quote in his newsletter each Thanksgiving. He attributes to a friend of his.....

Quito Valdez 20:00 GMT February 26, 2004 Reply   
MIdtown// I love that quote! Tah-roo!
Jay...sorry I didn't catch the rulez. Lest you feel, I wasn't being sarcastic, I really did want the rule book as i do NOT want to disobey what you figure is best overall, after this is your baby and it's much appreciated.

Might I add you are very tolerant as most of the rules have been broken many times the last few days. Thanks again for you super interface, whata wunnerful idea, REALLY!.

Odessa GM 19:59 GMT February 26, 2004 Reply   
Good evening!!!
Guys, please prompt sites with Elliott wave analysis.... Thanks....

Rivonia PipPirate 19:56 GMT February 26, 2004 Reply   
Indonesia Solo raden_masandi
My tradedesk shows todays low as 12380 but you say buy at 1.2383, how did you make such a mistake? :-)
Indonesia Solo raden_masandi 14:00 GMT February 20, 2004
hey friends here, maybe my view can help you.
Analysis :
Eur/usd still down trend.
Trade Strategy counter the trend :
4. Buy at 1.2383 for target 1.2580 stp 1.2343
Thanks to Raden gold

mid_town the_crusher 19:55 GMT February 26, 2004 Reply   
As a wise man once told me "markets can remain illogical much longer than you and i can remain solvent"

Helsinki iw 19:53 GMT February 26, 2004 Reply   
Maybe he shorted at 1,10 ?

Memphis Charles 19:52 GMT February 26, 2004 Reply   
They want it in the teens.... and soon.

Ldn 19:51 GMT February 26, 2004 Reply   
EUR/USD: Schroeder- Current FX Levels Don"t Make Sense

sf mike 19:47 GMT February 26, 2004 Reply   
Their tipping their hands now. Let's hope they push thru this time.

Bucharest dan 19:45 GMT February 26, 2004 Reply   
just changed my name

Indonesia solo raden_masandi 19:43 GMT February 26, 2004 Reply   
sf mike.
LOL. don't worry.. I have remote control for that to support the true direction. :-)
LOL..LOL..LOL...

sf mike 19:42 GMT February 26, 2004 Reply   
Thanks for the vote of confidence DC. This coil is so tight my fingernails are very short now.

pd cumino 19:41 GMT February 26, 2004 Reply   
To a poor mind as mine the gist of the speech seems: some slight doubts on growth meaning less cyclical trades (mainly JPY), less equity flows, possible equities underperformance, some risks on commodities, no sudden surprises on US rates, portfolios prudents and more skewed on cash, positions cleaned or even short, risk premiums on Asians flat (as you see by implied-actual-GARCH spreads reduced), no change in US dollar policy, overstated (IMHO) fears of Europe cuts and interventions. The remaining balls are techs and the behaviour of long-termers (but I think is not yet arrived the moment to t/p). The first don't really count, the second I think (hope?) could count on the first, stimulating in a first step the crowd.
Result: yields the king sooner or later.
Also sprach Zarathustra.

Stockholm za 19:39 GMT February 26, 2004 Reply   
And YES we are lock in the check-mate zoan at this hour....
Trade safe ....&.....Happy trades to all.........

Bucharest DC 19:39 GMT February 26, 2004 Reply   
I agree with mike on this one

sf mike 19:37 GMT February 26, 2004 Reply   
Raden, I think the rocket is the other way.

Atlanta 19:36 GMT February 26, 2004 Reply   
Germany's Schroeder Warns Weak Dlr Danger To World Trade
CHICAGO (AP)--German Chancellor Gerhard Schroeder, kicking off a two-day visit to the U.S. as Berlin and Washington seek to put their difference over the Iraq war behind them, warned on Thursday that the weak dollar poses dangers for world trade.

"Major imbalances in the global economy and fluctuations in exchange rates give us cause for serious concerns," Schroeder said in a speech to the Chicago Council on Foreign Relations, one day before his scheduled meeting with President George W. Bush.
With the euro trading at an all-time high against the dollar, Schroeder warned that further shifts in the exchange rate would harm European trade interests.

The euro has risen by more than 50% against the dollar from its record low of 82 cents in October 2000 - a development that helps American manufacturers by making their exports cheaper.

On another subject, Schroeder also said the increasingly globalized economy means court jurisdictions must be made clear.

Chicago JMI 19:35 GMT February 26, 2004 Reply   
Raden,
Where is your stop on that trade? Below 2380? TIA

Euroland 000 19:34 GMT February 26, 2004 Reply   
Raden, euro and pound still look sick IMO, the MACD is still badly oriented...
GT/GL

Stockholm za 19:33 GMT February 26, 2004 Reply   
nyc jk >>
"Technical Analysis can be defined as the study of investor behaviour and the subsequent price action. The only data that we need to perform our studies are the price histories of the instruments. This data alone (which may also include time and volume information) will enable us to form our view. .....
Prices reflect the current balance of supply and demand (i.e. the hopes and fears of investor)".....

[ ( Supply = Demand ) + ( Bulls = Bears ) + ( fear price = Injust price ) + ( distribution = development ) ] = Value......... etc. etc. ...... Bla bla bla

Happy trades to you.......

Indonesia solo raden_masandi 19:29 GMT February 26, 2004 Reply   
ok. I am ready for this. I am buy now eur/usd and gbp/usd.

Mtl JP 19:29 GMT February 26, 2004 Reply   
valdez.. whazzadamatta ? did you not read the simple
GUIDELINES FOR THE GLOBAL-VIEW FOREX FORUM:

1) Global-View's forums are meant to be places where traders from around the globe can relay information and ideas. Their purpose is to GENERATE TRADING IDEAS.
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5) To protect the privacy of participants, posting email addresses is not permitted. Global-View will act as an intermediary to pass messages between contributors. Profanity or disruptive behavior on the forums is not permitted.
6) Personal attacks on individual participants are not permitted. Readers are encouraged to respect the ideas of those who have been kind enough to contribute to the forum and treat one another with civility and respect.

Quito Valdez 19:24 GMT February 26, 2004 Reply   
There are a lot of "rulez" on this board I'm not familiar with..no email addresses, can't talk about what broker is best, now this. Is there a rule book maybe I could read so I don't go to forex jail? :{}

Ldn 19:23 GMT February 26, 2004 Reply   
Fed's Bies: Data Will Determine When Fed Moves On Rates
Fed's Bies: Hearing Anecdotes Of Rising Price Pressure

Quito Valdez 19:22 GMT February 26, 2004 Reply   
Ah! there 'tis. Without the *s. Dumb me. LOLOLOLThanx guys!

Indonesia solo raden_masandi 19:22 GMT February 26, 2004 Reply   
now !!

Bucharest DC 19:18 GMT February 26, 2004 Reply   
LOL, get out those ***

Quito Valdez 19:16 GMT February 26, 2004 Reply   
styrax// I put:
http://quote2.fxtrek.com/misc/f***x***c***m2.asp into my browser and nuthing showed...what'm I doin' wrong amigo?

Indonesia solo raden_masandi 19:12 GMT February 26, 2004 Reply   
hello !
thanks Dallas GEP.
good partner. I get your objective number.
but don't forget have given message to get 1.8744 and eur/usd 1.2524
in my minor cyclic analysis eur/usd and gbp/usd seen start to move up from now. gbp/usd from 1.8620 and eur/usd 1.2440.
be careful maybe price move up suddenly from here.
once more... be careful. ready ? I am ready now in this price rocket. I hope before 5 minutes see that and ready for this battle if any.

Dallas GEP 19:09 GMT February 26, 2004 Reply   
USD.CHF SHORT doesnt look to have much legs at this time. I have stop @ entry and I will see if it will run.

Quito Valdez 19:07 GMT February 26, 2004 Reply   
http://quote2.fxtrek.com/misc/censored2.asp doesn't seem to be online...the root URL is under construction in general but thanks just the same.

Safes nonstop 19:05 GMT February 26, 2004 Reply   
Dallas GEP On dailey chart, USD/Yen is up against 200 day SMA, RSI turning down and SS 15 crossing over. This could support idea of some USD down correction.

LA saint3 19:04 GMT February 26, 2004 Reply   
gep .. you are good at gbp
what is your prediction for gbp tomorrow?
any target? will it be up or down some more?

LA saint3 19:04 GMT February 26, 2004 Reply   
gep .. you are good at gbp
what is your prediction for gbp tomorrow?
any target? will it be up or down some more?

Dallas GEP 19:03 GMT February 26, 2004 Reply   
Island, sleep is over rated IMO LOL

Atlanta 18:58 GMT February 26, 2004 Reply   
Rise In Cdn Consumer Bankruptcies Bad Sign For Business

Dallas GEP 18:52 GMT February 26, 2004 Reply   
Not much RE: pips on USD/CHF short. Looking for 20 PIPS only this time. EUR/USD and GBP/USD will need to long a little for this to work. 1.2687 stop now

Quito Valdez 18:51 GMT February 26, 2004 Reply   
The free multiple currency chart at
http://www.fxstreet.com/nou/graph/senseframeslistquotesnetdania.asp

deals realtime (I think) with an assortment of currencies, no graph, data only but updated automatcially as it comes across. Correct me if I'm wrong about that.

Safes nonstop 18:49 GMT February 26, 2004 Reply   
Dallas, Iwould like to inquire what is your target on USD/SF short.

LA island 18:46 GMT February 26, 2004 Reply   
GEP, you are amasing, I admire you very much...when do you sleep!!

Dallas GEP 18:45 GMT February 26, 2004 Reply   
It probably will later Mike. This should happen (short) wi next 30 minutes

Quito Valdez 18:43 GMT February 26, 2004 Reply   
Styrex// I thought the one at http://www.global-view.com/fxtrekcharts.html -was- real time...and the java chart that Jay imports, aren't they real time?

vancouver jpb 18:41 GMT February 26, 2004 Reply   
Styrax... Actforex.com has a realtime chart.

sf mike 18:41 GMT February 26, 2004 Reply   
Opps, I didn't see this post GEP till now. I just place the opposite trade thinking that now it's going to push thru.

Dallas GEP 18:41 GMT February 26, 2004 Reply   
1,2697 is stop BTW not 1.2693

Dallas GEP 18:40 GMT February 26, 2004 Reply   
Very short term play . Usd/CHF short @ 1.2677 with stop @ 1.2693. Aggreessive, may wish to see just me do this!!! LOL

Lagos Styrax 18:37 GMT February 26, 2004 Reply   
Quito Valdez 18:28 GMT February 26, 2004
Essentially, its the same type of chart that is available @ http://quote2.fxtrek.com/misc/censored2.asp
You can check it out; it allows you to launch 4 different instances of the chart in separate windows for different pairs; only that the chart is not really realtime; there is a slight delay.
Any body with idea of where one could get a realtime chart.

Quito Valdez 18:33 GMT February 26, 2004 Reply   
victor// Da! politic. Currency is only hype anyway, USD backed only by 8% prec.metals, CHF 32%, rest less. This is pure "market", no more. :-/. The secret is figuring out WHAT the market will do based on what it has done and a zillion other world factors.

Ldn 18:32 GMT February 26, 2004 Reply   
Doubt anymore rate hikes in NZ
NZ Manufacturing Growth Slows In January From December
NZ Business Confidence Falls In Feb Vs Dec - Survey

They have tightened the screws one too many

prauge viktor 18:29 GMT February 26, 2004 Reply   
valdez i know its seems strange but really its a political game if France and germany well got a new contracts in Iraq well Mr Bush well got a weak usd as he want in case no we will watch a strong usd poltic is the name of the game my friend GL.

nyc jk 18:29 GMT February 26, 2004 Reply   
cheers guys. well I could be wrong of course (happened many times before!), but thats what s/l orders are for. gl

Quito Valdez 18:28 GMT February 26, 2004 Reply   
BTW Jay, I love the chart you provide at http://www.global-view.com/fxtrekcharts.html. Thanx (:}

GA TJ 18:26 GMT February 26, 2004 Reply   
GEP, My respect for you is waining. After all it now appears that you missed the Cable call 8 PIPs. Geeze man, get with the program. :) ROTFLMAO

Quito Valdez 18:24 GMT February 26, 2004 Reply   
JK// Thanx..so maybe I could wait a bit today with a target at 1.25+. I just want to exit Euos with a little profit if I can, got better use for dinero than this usd/euro stuff 4 now as my trading skills aren't honed as much as I want yet...need an easier market over longer time than pips in this hacksaw day we're having. I'll leave that to you guys! Thanx!! :=]

vancouver jpb 18:24 GMT February 26, 2004 Reply   
Just closed out GBP/USD sell +30 pips

Eilat Dolphin 18:23 GMT February 26, 2004 Reply   
jk/ Agreed. I can't see the $ losing a 100 p's while Scroeder will be stampeding all over the E...

nyc jk 18:21 GMT February 26, 2004 Reply   
Valdez -
nyc jk 17:53 GMT February 26, 2004
have gone long EUR for a short term punt @ 1.2438 sl 1.2410, tp target 1.2515

I think overall EUR lower, test of 1.2350 at least in the cards for tom. I think on the day chance for higher first imo.

Quito Valdez 18:19 GMT February 26, 2004 Reply   
Christie Canyon// Yep! He should! But he's a nice guy and only wants to help. And I resemble that remark..newbie. :*)

Chicago Irish 18:18 GMT February 26, 2004 Reply   
Ummmm Jeez and all this time I thought that for every seller there is a buyer.

Quito Valdez 18:16 GMT February 26, 2004 Reply   
True NYC. So what is your opinion of what I should do with my Euros right now...hold off or get rid of them like GEP said. I can exit Euro with no pain, no gain.

Agoura Christy Canyon 18:13 GMT February 26, 2004 Reply   
Dallas GEP 03:12 GMT February 23, 2004
OK this may sound a little obvious but I will express it mainly for the newbies benefit. Markets VERY rarely move in straught lines because if it did you wouldn't have a market because you would have everyone selling for instance but no buyers.

You should charge for this advice!

Chambery FR JFB 18:11 GMT February 26, 2004 Reply   
Out of my short GBP, -25 pips... :-( Will eventually sell higher... Dinner first, have fun :-)

nyc jk 18:11 GMT February 26, 2004 Reply   
valdez - whether they end up being right or wrong, alot of those forecasts, etc that you posted are longer term, bigger picture views. anything can happen in a single day, so I wouldn't confuse those calls with what may happen in intraday or even intraweek trading fwiw.

Eilat Dolphin 18:09 GMT February 26, 2004 Reply   
Valdez/ -Experienced sailors do see through fog, but not any fog.
- Since 1.2416, I think that the German chamber of Commerce put a temporary net under the euro.

Off topic: If theoretical NYC nukes scare you what about Andes earthquakes ? ;^)

Dallas GEP 18:06 GMT February 26, 2004 Reply   
Sid, that guy @ 108.00 wasn't large enough to fight off the MOF and you know it. But that was thought at the time to be VERY strong resistance @ that 108.00 that would hold for at least short term. It did for a while and then was broken, it happens all the time.

OK SZ 18:06 GMT February 26, 2004 Reply   
that is huge

GVI john 18:05 GMT February 26, 2004 Reply   
tm--good point!

Quito Valdez 18:05 GMT February 26, 2004 Reply   
GEP// I never thought of that..Asia market opening in a few hours...new buyers/sellers. Obviously now that I thimk about it, (thimking is like thinking with more coffee) we do need some additional action to give this euro market a shot in the arm. This market today goes 100% against the forcasts and what the government guys worldwide say. Goes to show you the market is the market, words are words.

Det tm 18:02 GMT February 26, 2004 Reply   
FWIW CRB Index is breaking thru its 16 year high

LA Sid 17:59 GMT February 26, 2004 Reply   
Dallas, similar logic as before?:

Dallas GEP 08:36 GMT February 20, 2004
Viktor, I think USD/JPY will be contained JUST below 108.00. FIGHT

Dallas GEP 17:59 GMT February 26, 2004 Reply   
Guys for us to decisively break out of these ranges, it may take some NEW buyers and New Sellers (as in Asia session for example). So breaks either up or down could occurr on a very short term basis BUT the bias is probably still USD bullish.

Lagos Styrax 17:58 GMT February 26, 2004 Reply   
Dallas GEP
Please can I have your email address from Jay.
There are some questions I will like to ask if you don't mind.
Plz

Quito Valdez 17:55 GMT February 26, 2004 Reply   
Last time for couting the board with non trading stuff..sorry for this spam I've done. But ultimately it is each of our responsibility to do our own trades. We listen to others, consult the news and our other resources. So if we trade and it's sweet, great, if not...well, that's OUR problem, not someone elses. Years in Forex makes for more solid trades and a broader base of knowledge and "feel" for this such as GEP, Nottingham and others have. If we choose to listen to these experienced guys, then that's fine...we also choose to hit that buy or sell button too. It's our doing 100% and we have no one to blame or praise but our own index fingers. That's tradin'.

prauge viktor 17:55 GMT February 26, 2004 Reply   
Thanks Gep..

Dallas GEP 17:54 GMT February 26, 2004 Reply   
Thanks again guys, everyone has something to offer here for sure.

nyc jk 17:53 GMT February 26, 2004 Reply   
have gone long EUR for a short term punt @ 1.2438 sl 1.2410, tp target 1.2515

Dallas GEP 17:50 GMT February 26, 2004 Reply   
Viktor, not sure of exact timeframe Viktor but 110.00 will definitely break IMO. It MAY be when euro makes it break down into the mid to low 1.23's

Quito Valdez 17:49 GMT February 26, 2004 Reply   
JFB// I think it's not so much saying good stuff about GEP it is shear respect for someone who's (A) willing to offer his opinion and for free and maintain a presence on this board a nd (B) who is right a lot of the time (more than I). Therefore we owe GEP and others respect without bashing and using questionable tones. If someone gives advice someone else doesn't like then fine, table it and go on to another reading without throwing insults at folks who take the time and interest to respond...right or wrongly. Just my op.

vancouver jpb 17:48 GMT February 26, 2004 Reply   
GEP... I'm a long time stock option trader, I do very well at it. But, I only trade for one hour a day at it. SO I have time to burn.

Recently I have decided to start playing with the forex.

And you consitantly give good and sound advice.

So as a new trader to forex, I thank you for your posts. And really do appreciate to time you some helping other traders.

You are a gentlemen and thank you.

prauge viktor 17:47 GMT February 26, 2004 Reply   
Gep pleas how do u see it with the usd/Yen are we going to see the 110,10 soon or its the end of the game and the range 108-110 will be for the next 2-4 weeks thanks

nyc jk 17:47 GMT February 26, 2004 Reply   
pardon my ignorance za, but what does that mean?

Stockholm za 17:44 GMT February 26, 2004 Reply   
fwiw...... EUR/USD.....
Value range ext. ~1,2435/50....... Time D = ??
.....................

Quito Valdez 17:43 GMT February 26, 2004 Reply   
GEP// Great, we'll not loose you. I think some on this board are quick to say stuff without having the courtesy to give you the human right and propensity of doing things differently than they do. We're all in this together the way I look at it, look the way you just advised me a moment ago...and I much appreciate it. If it turns out to be a move I'd regret, fine, whatever, that's tradin'! Working the 9 to 5 is for those who don't trade. All we can do is go by our instincts and research and experiences and what we see and hear. If we win, fine, if we loose, well...again, that's tradin'. Thanks GEP and others who've answered ??s for me as of late.

cerete juan david 17:41 GMT February 26, 2004 Reply   
sounds great, i'm from colombia, trying to make a fortune out of this market.

USA Biscuit Boy 17:39 GMT February 26, 2004 Reply   
Hi guys. FWIW traders still massively long eur/usd on my platform with stops all the way down to 1.2000 once 1.2330 is taken out. GL and GT.

Chambery FR JFB 17:39 GMT February 26, 2004 Reply   
GA TJ 17:36 GMT February 26, 2004
30'... Wonder why so many people say so much good about GEP, really :-) lol

Quito Valdez 17:39 GMT February 26, 2004 Reply   
...to ans your ?tion, I live in Ecuador perm. rersident..Cuenca to be exact..trading and enjoying retirement, build a few houses once in a while, land speculation a bit...and BEEER.

Dallas GEP 17:36 GMT February 26, 2004 Reply   
Thanks Valdez. Guys, there was NO WAY I had even considered not posting here because of some minor flak that was thrown my way the other day. There was a misconception I think because other than being a minor irritation, that stuff doesn't bother me at all.

GA TJ 17:36 GMT February 26, 2004 Reply   
Chambery FR JFB

What time frame are you looking at for that TL that that GEP so incredibly screwed up. Geeze 3 PIPS thats horrible LOL

ICT ML 17:35 GMT February 26, 2004 Reply   
Guys, good idea to let the big guys fight the battle, and then take sides side with the winner ;->...works for me every time..taking hits as a little pawn really sucks....LOL

cerete juan david 17:35 GMT February 26, 2004 Reply   
valdez what are u doing in quito anyway?

Chambery FR JFB 17:33 GMT February 26, 2004 Reply   
GA TJ 17:30 GMT February 26, 2004
TJ, GEP was wrong... on my charts, the descending t/l was @1.8653... lol

Gone short GBP @1.8635, s/l 1.8660 Let's see :-)

Quito Valdez 17:31 GMT February 26, 2004 Reply   
20 pip peaks lasting 1 second in 10 minutes every 45 minutes is crazy. I'd have to have tungsten carbide cannonbawlz to trade in this usd/eur environment. Back to day trading for the rest of this week!

GA TJ 17:30 GMT February 26, 2004 Reply   
GEP

I got this 30 min bar high of 1.8652. If you tag this thing within 2 PIPs I am going to be so PO'ed. :) LOL

Lagos Styrax 17:28 GMT February 26, 2004 Reply   
Dallas GEP
Please whats the outlook on eur/gbp?
Im still holding possies.
Please help; thanx

Quito Valdez 17:27 GMT February 26, 2004 Reply   
GEP// Right. Best I exit EUR now and have some lunch. Thankx again pal. I'm glad you decided to stay with this board even tho some folks with nothing else to do want to throw things at you. The ole American spirit...when the going gets tough, the tough get going! Viva America. Valdez

LA saint3 17:25 GMT February 26, 2004 Reply   
any usd/jpy expert to predict tomorrow's movement?

Quito Valdez 17:24 GMT February 26, 2004 Reply   
newtrader// You can have $200k of my Euros if you like! Please read GEP's reply to me below.

Livingston nh 17:22 GMT February 26, 2004 Reply   
FWIW (book talker) - USD/CAD should have good support on daily 21sma - shorts will be trying to fade into rising ma (21 sma and 55 ema) hourly and daily (only negative here is hourly MACD rolling over)

london p 17:22 GMT February 26, 2004 Reply   
gbp usd just touched its hourly downtrend line fwiw

Philippines newtrader 17:21 GMT February 26, 2004 Reply   
RADEN...
what do you think of the euro? is it good to buy at this level 1.2450 with a target of 1.2545? what do you think?

Dallas GEP 17:21 GMT February 26, 2004 Reply   
Tough Question Valdez!!! I think there does exist a chance to see 1.2520 but it would have to get thru 1.2470/80 first and that at this point in time could be tough IMO.

cerete juan david 17:20 GMT February 26, 2004 Reply   
is it time to short gbp?

Philippines newtrader 17:20 GMT February 26, 2004 Reply   
RADEN...

what do you think of the euro? is it good to buy at this level 1.2450?

GA TJ 17:17 GMT February 26, 2004 Reply   
Lets see here....

Top of this up move in Cable

GEP 1.8650
TJ 1.8690'ish
Raden 1.8744

If we are all on the same page somewhere up there will be a good spot to get Short or add to Shorts. I think I have a better opportunity for my number to be hit only because of the "ish" 10 PIPs either side of 1.8690. So I got 20 numbers to there 1...LOL


cerete juan david 17:17 GMT February 26, 2004 Reply   
i think i just stay with good old gpb...

Quito Valdez 17:16 GMT February 26, 2004 Reply   
GEP// What do you have as far as a gut feeling about the usd/eur in the next 24 hours? I do wanna get out of my Euros, stagnating, but may as well make a few pips as the door closes. Good idea to hang on a bit or just liquidate EUR now and be done with it?

Indonesia Solo raden_masandi 17:14 GMT February 26, 2004 Reply   
Dallas GEP.
yes, your number is very objective. I will do for longterm target, maybe not for today (1.8744) but still fair if be get today. if I do now still not be late?

SA getFX 17:13 GMT February 26, 2004 Reply   
Raden > I have S2 = 1.8613, S1 = 1.8697, P = 1.8781

Indonesia Solo raden_masandi 17:11 GMT February 26, 2004 Reply   
usd/cad when at 1.3415
for who want to get good chance about usd/cad ( I can not trade that, but very interested).
seen us/cad will get 1.3216 , because have get top extreme at 1.3515. very good risk reward ratio.

Ithaca SJM 17:11 GMT February 26, 2004 Reply   
Close above 1.3400 looks like the inverted H&S is in place in $/CAD on daily charts. Target L/T in the 1.4150 range. Long small with no stop.

Dallas GEP 17:10 GMT February 26, 2004 Reply   
Well Raden, technically you are better than I am so go with what you FEEL.

prauge viktor 17:10 GMT February 26, 2004 Reply   
Valdez watch its political game watch carefully what the results of Mr:Bush and Heer:SHr if there will be a new contracts to germany and france in Iraq the euro will become 1,3 soon on the other hand the 1,15-1,17 will see it soon and as Gep said and he is the best with Euro for the time been the euro is giong down.

cerete juan david 17:08 GMT February 26, 2004 Reply   
.

Indonesia Solo raden_masandi 17:08 GMT February 26, 2004 Reply   
Dalas GEP.
Thanks for your info.
I will thinking about that and will act for that, but my forcast machine still not say about your number. still say 1.8744 as top. ya... maybe.

dc CB 17:07 GMT February 26, 2004 Reply   
feel there is a potential Friday for another bear raid on gold/silver during the NY Comex session, similar to last week. IMO.

SA getFX 17:04 GMT February 26, 2004 Reply   
Raden > I hope so! Well, we're coiling, with some divergence....But (!), longer time frames still down. Lets see..

Dallas GEP 17:02 GMT February 26, 2004 Reply   
Raden, Pound is a sell on rallies in my view. 1.8650 in my view is a good SHORT

cerete juan david 17:00 GMT February 26, 2004 Reply   
is it time to sell usd/cad???, there are some overbouth indicators already flashing...

Quito Valdez 16:58 GMT February 26, 2004 Reply   
GEP// Thankx amigo. And I realize none of us have a crystal ball with a dime slot on our desks or we'd OWN the markets , it's just that you have more intutition about the market in general than I do BY FAR. So I can park some long dinero in bucks and play with Euros on the short as you said. Thankx again!! (:->

Indonesia Solo raden_masandi 16:58 GMT February 26, 2004 Reply   
but I still ask"is gbp/usd move up from here (1.8610)?" to get 1.8744?

Indonesia Solo raden_masandi 16:57 GMT February 26, 2004 Reply   
but I still ask"is gbp/usd move p from here (1.8610)?"

Dallas GEP 16:53 GMT February 26, 2004 Reply   
Excellent analysis in my view JP

Barcelona JP 16:51 GMT February 26, 2004 Reply   
Think eur/usd is a short if it gets to 1,2470.
S/L 1,2520
Target: 1,2415 - 1,2380 - 1,2350

Indonesia Solo raden_masandi 16:49 GMT February 26, 2004 Reply   
:-( I am hesitate to buy gbp/usd at 1.8600 to get 1.8634. LOL
seen gbp/usd still confidence to get 1.8744

Eilat Dolphin 16:47 GMT February 26, 2004 Reply   
GEP/ The German chamber of commerce scared me for a few hours at least. Out 3 minutes ago.

Dallas GEP 16:47 GMT February 26, 2004 Reply   
Valdez, on a short term basis. I think EUR/USD will be in the 1.20's within the next two weeks. So if you can get out at BE I would. Euro do doubt WILL have a run up but I believe those run ups will result in lower highs. ALL IMO of course, could be wrong.

Quito Valdez 16:45 GMT February 26, 2004 Reply   
I've got a hunch that the Euro will fly again or the USD will fall again within 3 weeks or so due to the stupid hype and fear this market is obeying right now....whatever, the effect for USD/EUR is the same. GEP, what do you think of my "hunch"? I trust your views more than mine obviously.

Ldn 16:41 GMT February 26, 2004 Reply   
Gold down 39270

Quito Valdez 16:39 GMT February 26, 2004 Reply   
G'mornin' GEP,

I'm one of your fans...am an individual trader and a small fry at that. I've got $200k in Euros. If I get out now and buy USD, I'm fine, no loss, no gain. What do you suggest I do for long term say 3-4 weeks? Am open to suggestions from anyone really. This market's got me stumped.
Valdez

cerete jd 16:34 GMT February 26, 2004 Reply   
gep, good move usd/cad oversold..

cerete jd 16:33 GMT February 26, 2004 Reply   
gbp at 1.8660? ....

Ldn Mvs 16:33 GMT February 26, 2004 Reply   
CAD reversing quickly - may yet again (3rd time in 5 trading sessions) close tdy below it's 200-day ma - perhaps this is in anticipation of a strongly predicted GDP number out tom from Canada? Who knows, but if we close below 1.3410 tdy (200-day ma) this would set the trend for lower again, and may again be a precursor for EUR to head higher, as we have seen on numerous occasions (or US$ weakness generally) - just went long EUR @ 1.2440 with stop at 1.2410...g/l

Dallas GEP 16:32 GMT February 26, 2004 Reply   
TJ, 1.8660 seems that it might be top for now IMO but you know how cable is.

boulder dat 16:31 GMT February 26, 2004 Reply   
Germany's Chamber of Commerce believes that Schroeder and the BDI were premature in calls on the ECB to cut rates. Considered unnecessary unless euro breaks the 1.300 level.

this is the reason for the recent pop up in the euro from the 1.2415 level.

Dallas GEP 16:30 GMT February 26, 2004 Reply   
Bought 1.3419 on USD/CAD

GA TJ 16:27 GMT February 26, 2004 Reply   
GEP, I am starting to get the idea that Cable might drift up to the 1.8680 area. Not sold on it though. Maybe I'm biased because I have my stop at that level.

Det 16:26 GMT February 26, 2004 Reply   
Besides multiple reports Friday.

End of week and end of month squaring tomorrow.

Vancouver maq 16:23 GMT February 26, 2004 Reply   
I'm a relative newbie, but $/cad looks ready to long to me. Does this seem correct?

Indonesia Solo raden_masandi 16:22 GMT February 26, 2004 Reply   
I look gbp/usd have founded railway after "get hard battle".
maybe price will up to get 1.8634 again and seen 1.8735 will catch. if for today is good.

Dallas GEP 16:21 GMT February 26, 2004 Reply   
As we get closer to these lower levels especially on Euro, expect these little whippy actions.

Dallas GEP 16:19 GMT February 26, 2004 Reply   
Hello Guys, Not to worry about eur/usd blips up. Right now new opps to sell IMO.

Atlanta 16:19 GMT February 26, 2004 Reply   
MARKET TALK: USD/CAD Heading To C$1 HSBC report. "A medium term technical objective comes in near C$1.4000, for example. Support has now been established near C$1.3260.3600, HSBC Says

cerete jd 16:18 GMT February 26, 2004 Reply   
thanks gep! for your kind answer..

Dallas GEP 16:15 GMT February 26, 2004 Reply   
JD, wait for 1.8630 or 1.8640 to add to shorts

Pecs Andras 16:15 GMT February 26, 2004 Reply   
GEP
Just read about your nice shorts today.
Great trades mate! :-)
I am still in gbp and ndz shorts

Eilat Dolphin 16:13 GMT February 26, 2004 Reply   
GEP/ Hi! Chirac last week, Scroeder and Raffarin today; there aren't any bigger guns to the east of the US. Adding to it some TA and your view and I am thouroughly convinced.

Then WTF did the E just jump 18 pips!?

cerete jd 16:11 GMT February 26, 2004 Reply   
.

Dallas GEP 16:06 GMT February 26, 2004 Reply   
Good Night

Belgrade Knez 16:06 GMT February 26, 2004 Reply   

bucharest dc 15:55 GMT February 26, 2004

Thanks a lot for the answer.
Cheers.

Sydney bl 16:05 GMT February 26, 2004 Reply   
thank you everyone for share your opinions here, it's 3 am here, I am going to my bed, good luck guys see you tomorrow

Wiarton H 16:04 GMT February 26, 2004 Reply   
FIB target for cable still sits at 1.9828 will we still get there??

cerete jd 16:04 GMT February 26, 2004 Reply   
i want to enter another short position for gbp should i do it now?

cerete jd 16:02 GMT February 26, 2004 Reply   
Nottingham Daniel 15:50 GMT February 26, 2004

thanks for your kind answer...

cerete jd 16:02 GMT February 26, 2004 Reply   
Nottingham Daniel 15:50 GMT February 26, 2004
thanks for your kind answer...

Miami OMIL 15:58 GMT February 26, 2004 Reply   
bucharest dc 15:54 GMT February 26, 2004
Thanks for answering I was away from my terminal. (/;->

Dallas GEP 15:58 GMT February 26, 2004 Reply   
Yes it is Saint3

Dallas GEP 15:57 GMT February 26, 2004 Reply   
JB, Thanks for the usd/jpy info.

LA saint3 15:56 GMT February 26, 2004 Reply   
:) GEP ..
so pound is on its downtrend now? IYO

bucharest dc 15:55 GMT February 26, 2004 Reply   
The Detrended Price Oscillator (DPO) is an indicator that attempts to eliminatethe trend in prices.
Detrended prices allow you to more easily identify cycles and overbought/oversold levels.

bucharest dc 15:54 GMT February 26, 2004 Reply   
DPO = detrended price oscillator

Dallas GEP 15:54 GMT February 26, 2004 Reply   
Saint3, outlook in not good for 2.xxx Pound

Belgrade Knez 15:51 GMT February 26, 2004 Reply   

Miami OMIL 15:32 GMT February 26, 2004

Can you please tell what kind of indicator is DPO.
Sims I do not have it on my platform.

Thank you.


Nottingham Daniel 15:50 GMT February 26, 2004 Reply   
cerete jd 15:43 GMT February 26, 2004
is it time to close short positions on gbp?

My opinion for what it is worth - I have a short poistion from yesterday - and placed 12 shortpositions today the objective that I consider we have more profit to come - i will rethink around 1,8520 - this is my opinion - so make your own judgement!

Dallas GEP 15:49 GMT February 26, 2004 Reply   
A close BELOW 1.2430 on 30 minute candle is BEARISH on Eur/USD

beijing road 15:49 GMT February 26, 2004 Reply   
why so many people think eur/usd will break 1.23 soon before 1.30 is seen? LOL.

Dallas GEP 15:47 GMT February 26, 2004 Reply   
Pound should short back down. NOTE: Te euro has MORE downside to it than the POUND IMO once those stops are broken..

LA saint3 15:47 GMT February 26, 2004 Reply   
gep ...
do you think gbp will try to reach 2.xx ?

cerete jd 15:43 GMT February 26, 2004 Reply   
is it time to close short positions on gbp?

Dallas GEP 15:42 GMT February 26, 2004 Reply   
Took Profits on Pound shorts +48 PIPS but MORE short is in store. Waiting on Euro to drop like a rock now. Will pip up from here some IMO

Wiarton H 15:41 GMT February 26, 2004 Reply   
Well we are back at around the 7am Est open ,now see where it wants to take us.

Miami OMIL 15:32 GMT February 26, 2004 Reply   
Calif BMS 15:21 GMT February 26, 2004
This is what he posted. (/;->

Barcelona JP 21:27 GMT February 22, 2004
GEP

As I think you never go to sleep, could you try this? :

MACD in direction on daily, followed by 10/30ema cross, RSI (9) above 50 and DPO (14) above 0 on 30 min chart for longs and MACD in direction on Daily, followed by 10/30ema cross, RSI (9) below 50 and DPO (14) below 0 on 30 min chart for short

vancouver jpb 15:32 GMT February 26, 2004 Reply   
GEP ....thx for the insight

boulder dat 15:31 GMT February 26, 2004 Reply   
Head and Shoulders on the hourly GBP/USD.

per Encyclopedia of Technical Analysis:

success rate: 93%
average decline: 23%, with 15% most likely
pullbacs: 45%
percentage meeting target price: 63%

this would suggest that GBP/USD is due for a move to around the 1.8400 - 50 level.

Dallas GEP 15:29 GMT February 26, 2004 Reply   
All my eur/usd possies have been shorts!!!! Target 1.2390 First target

vancouver jpb 15:27 GMT February 26, 2004 Reply   
gep... do you have a price target for Eur/Usd longs?

prauge viktor 15:26 GMT February 26, 2004 Reply   
hello Gep its seems to be that the new euro level its just a political pressur from Her.SHRoider and in case he will resive a new contract in Iraq the euro well fly again..

cerete jd 15:23 GMT February 26, 2004 Reply   
gbp is going down fast

beirut jb 15:21 GMT February 26, 2004 Reply   
Dallas GEP 15:10 GMT

Hi mate, Good luck with ur trade but be careful 110 could be

protected as we sw at 10980 earlier

Calif BMS 15:21 GMT February 26, 2004 Reply   
Miami OMIL 15:18 GMT what was that indicator and its settings?

Sydney bl 15:20 GMT February 26, 2004 Reply   
Dr Qindex
any new view on EUR/USD

beirut jb 15:19 GMT February 26, 2004 Reply   
eur/$ is hourly short and need to close above 125 to reverse tp long, short here need a stop above 125,T1 12380, T2 12330

GL GT

Miami OMIL 15:18 GMT February 26, 2004 Reply   
Barcelona JP 15:12 GMT February 26, 2004
That is what the technical charts are showing at the moment. BTW thanks for sharing with us here. I looked at the suggested indicator settings you posted the other day and it gave pretty interesting results I will tested further with other time charts when I have more time thanks again. (/;-> GL GT

Barcelona Tony 15:15 GMT February 26, 2004 Reply   
dead cat bounce in euro gbp aud, shorted them again

Malaga boqueron 15:13 GMT February 26, 2004 Reply   
L.A. Igrok 14:11 GMT, Thanks for reply. Will watch the 1,2300 level like a hawk. I suppose below that level your prognostic could turn out. If not will watch for a sixth turn.

van Gecko 15:13 GMT February 26, 2004 Reply   
gbp/usd confirming her Majesty's 'January Drop/February Flop' habits..
a return down to the decade long 1.70 range top may be in order m/t.. below, one can't rule out another 15 figure decline down to the 1.55's..
below 1.8550 this week would enlist more conservative short marching soldiers to join the rank of some brave contrarian soldier from up at 1.91..
Cheerios..


Barcelona JP 15:12 GMT February 26, 2004 Reply   
Maybe wrong, but eur and all currencies against $ will say hello to new lows soon.

cerete jd 15:11 GMT February 26, 2004 Reply   
dallas so far so good for your positions

Dallas GEP 15:10 GMT February 26, 2004 Reply   
Yes DP yahoo is still active on email. Bought USD/JPY @ 109.50 off a buy order

cerete jd 15:10 GMT February 26, 2004 Reply   
will this be a dully day for cable?

anyone msn?

CT DB 15:09 GMT February 26, 2004 Reply   
muyangr 牧羊 14:46
"usd/jpy target
1:1.3500
2:up to 1.3500
you must hold it for 5 years or longer "

U shitin me right? 5 yrs, where do u place your stops??

Dallas GEP 15:08 GMT February 26, 2004 Reply   
I have an 1.8580 TP on my pound short and @ 1.2390 TP on my Euro Shorts

Kaunas DP 15:08 GMT February 26, 2004 Reply   
GEP,
i have several q to ask you for advise...is your [email protected] e-mail still "alive" for such correspondence - TIA

Melbourne Qindex 15:06 GMT February 26, 2004 Reply   
london cam 15:04 GMT - You are welcome. Good night.

london cam 15:04 GMT February 26, 2004 Reply   
thanks Dr Q. I'm feeling tired and lazy today!

Ldn 15:04 GMT February 26, 2004 Reply   
DATA SNAP: US New Home Sales At Lowest Level Since May
US Dec New Home Sales Revised To +1.125M From 1.060M
US Jan New Home Sales -1.7% To 1.106M; Est. 1.050M

Dallas GEP 15:03 GMT February 26, 2004 Reply   
DP, we MAY have seen the low in Pound but NOT with Euro IMO.

London DD 15:02 GMT February 26, 2004 Reply   
london cam 14:57 GMT February 26, 2004
Yep, I fund my account with new money every day (I wipe out every day!), running out of credit cards though now... then I have to wait for the next installment of my student loans.

cerete jd 15:01 GMT February 26, 2004 Reply   
ok dallas

Melbourne Qindex 15:01 GMT February 26, 2004 Reply   
Melbourne Qindex 11:32 GMT February 26, 2004
Spot Gold : the odds are good that the market will head for 386.7.

Kaunas DP 15:00 GMT February 26, 2004 Reply   
Dallas GEP 14:58 GMT February 26, 2004
do u think we have not seen the low for the week - TIA

Eilat Dolphin 15:00 GMT February 26, 2004 Reply   
Tomorrow's Schroeders/Bush media's bit :

Schoeder: I'm tellin ya, he's dumpin' his buck!
Bush:... Hmm, he meant bucking the trend.
Sch: If so, let's see you buyin' back a hundred billions!
Bush: No need to, everybody knows I'm nuccolar on the buck.

The next day, as Scroeder's plane passes over New York, the cargo doors open and he (personally) unloads a billion Euros, and watches them as they float, dive and sink till da boys pick them up...

Then, partially satisfied and with a grim face he only tells his pilots: "nach Berlin".

Personnal note : Let's pray his plane doesn't crash too!


Dallas GEP 14:58 GMT February 26, 2004 Reply   
Took some eur/usd lots short @ 1.2460

london cam 14:58 GMT February 26, 2004 Reply   
my post was replying to London DD

cerete jd 14:57 GMT February 26, 2004 Reply   
any one willing to talk through msn?????????????????

london cam 14:57 GMT February 26, 2004 Reply   
Dr. Qindex is forecasting a drop below 380 so I would avoidbuying gold. check through his posts of today
GL GT
PS You've funded your account again!

Dallas GEP 14:55 GMT February 26, 2004 Reply   
Well H, how about manipulation between the fib points????? It doesn't matter really , everyone has their opinion on this and it won't change probably.

cerete jd 14:54 GMT February 26, 2004 Reply   
hey barcelona where do you think cable will go today hasn't it reached it's low for the day already?, i think so.

Toronto Bogdan 14:53 GMT February 26, 2004 Reply   
There's no point in arguing...I worked as a proprietary equity trader and I know what I'm saying. Think of the 1999/2000 buble in the stock market.
It's just a matter of you (Dallas) understanding what kind of manipulation we are talking about. See...when banks do interventions you know it. When something hidden is happening in the stock/option/futures markets you don't. Then it's much easier to headfake move say Nasdaq then Forex (think volume....).

...But let's go back to our trades - help wanted index and new home sales numbers will be better then previous, so USD will go up again, Euro and GBP therefor down.

Good luck!

Oakland Daimyo 14:52 GMT February 26, 2004 Reply   
Tallinn viies 14:41= I have 1.2330 as low for 2004 and 1.0499 as 52 week low.

London DD 14:51 GMT February 26, 2004 Reply   
Any thoughts on GOLD as a buy?

Ldn pm 14:51 GMT February 26, 2004 Reply   
Tallinn viies 14:41 GMT - I have yearly low at 1.2331 19 Jan

Barcelona JP 14:51 GMT February 26, 2004 Reply   
Big fight here.

I've shorted cable and eur, but I'm not sure it will be a good trade.

forestville jd 14:51 GMT February 26, 2004 Reply   
eur 1.2334 is what i had

Saudi Arabia Gamber 14:51 GMT February 26, 2004 Reply   
what is the effect of the coming data of Jan New Home Sales (US) on the $ please ?

Wiarton H 14:50 GMT February 26, 2004 Reply   
Amazing that withall that manipulation the fibs and patterns stil work!!

ICT ML 14:49 GMT February 26, 2004 Reply   
GEP, got no firm opinion on it just yet, but have hunch it has bottomed maybe

muyangr 牧羊 14:49 GMT February 26, 2004 Reply   
i knew english a litter

sorry

anyone can type chinese

Dallas GEP 14:48 GMT February 26, 2004 Reply   
ML, what about this cable. Looks to me it could short BIG TIME, what do you think about this level????

muyangr 牧羊 14:46 GMT February 26, 2004 Reply   
hi

usd/jpy target

1:1.3500
2:up to 1.3500

you must hold it for 5 years or longer

Dallas GEP 14:46 GMT February 26, 2004 Reply   
USD/CAD should be longed from 1.3420 area IMO

cerete jd 14:44 GMT February 26, 2004 Reply   
any comments on gbp right now at 1.8651? short or long?

Dallas GEP 14:43 GMT February 26, 2004 Reply   
Of the free markets in the world, what then would be MORE maniplulated than forex?????? Not stocks, bonds or precious metals IMO.

Va Raven 14:43 GMT February 26, 2004 Reply   
Nottingham 14:38 - Noted and thanks.

CT DB 14:42 GMT February 26, 2004 Reply   
sorry that should read MOST not "LEAST"! I need sleep. LOL

Va Raven 14:41 GMT February 26, 2004 Reply   
Are we having a euro market down here because of the fresh shorts in or the old longs out?
Thanks Martin, is it leading or lagging?

Tallinn viies 14:41 GMT February 26, 2004 Reply   
guys can you confirm pls?

MMS gives yearly low 1,2334.
Reuters shows something completly different.
as I was away coupke of weeks I must say I cant remember what has been happening before my vacation :)
help pls

Miami OMIL 14:41 GMT February 26, 2004 Reply   
I don’t hear any trash talking now GEP good calls Jedi Master lol. (/;->

Toronto Bogdan 14:40 GMT February 26, 2004 Reply   
Friends, friends....interventions ....those are actually "little helpers" - you should profit on those, not loose, you have your signals well ahead of time (if you know how to read them, 'course).
When you have interventions you know where the $ will go, right?

I was refering to manipulation as in head fakes of the big boys happening in the equity market, where, hidden behind ECN's and whatnot, MMs (Market Makers) are leading you to believe something and then you get stabed in the back when you expect it less.

where as when banks interventions happen - the price moves veeeery disciplined in the direction it's suppose to.

Dallas GEP 14:39 GMT February 26, 2004 Reply   
ML, this pound should provide Enormous profit today; Short of course!!

NEW HOMES in 20 minutes.

It is going to be VOLATILE like I mentioned earlier.

USD/JPY @ 109.20 would be GOOD long IMO when seen

CT DB 14:39 GMT February 26, 2004 Reply   
ICT ML 14:33 ,
he wasnt saying that its NOT manipulated, he was opposing thwe statement that its the "LEAST" manipulated. And I agree!
semantics perhaps, but lets not make sweeping statements. GEP being the honourable tyoe he is will amend his statement im sure?
FWIW

Georgia GC 14:39 GMT February 26, 2004 Reply   
Toronto Bogdan, Sir, I remember you said the data was good for $ when the data come. Would you please tell me why was good for $

Nottingham 14:38 GMT February 26, 2004 Reply   
Va Raven 14:34 GMT

aussie hits my o/s at 7600...a long way off but might make some headway after option cut at top of hour...gl gt

Ldn 14:37 GMT February 26, 2004 Reply   
Can anyone see the Dlr Index breaking and staying abovwe 88 very positive for the Dollar if it does

Dallas GEP 14:37 GMT February 26, 2004 Reply   
Well DB, I guess It is just a difference of opinion then. BTW, bruises have healed very QUICKLY (lol). Money made today has far surpassed the losses incurred the other day on those Euro shorts. GL GT

HK [email protected] 14:35 GMT February 26, 2004 Reply   
DJ. Rep. Shays: US Economy Can't Grow Itself Out Of Deficit

NEW YORK (Dow Jones)--The U.S. economy can't grow itself out of the current
deficit, said Rep. Christopher Shays, R-Conn.

In an interview with CNBC Thursday, Shays, who is vice chairman of the House
Budget Committee, said that was the main message he got from the Wednesday
testimony of Federal Reserve Chairman Alan Greenspan.

Greenspan's statements conflicts with President Bush's insistence that the
economy can grow and the deficit will be reduced.

"The president is wrong. I think Alan Greenspan is right," he said.

Gold Coast martin 14:35 GMT February 26, 2004 Reply   
aud down to 7580 as previously posted...g/l

Va Raven 14:34 GMT February 26, 2004 Reply   
Any view on AUD/USD today?

ICT ML 14:33 GMT February 26, 2004 Reply   
Toronto Bogdan 14:28..mate, think about what you just said, then explain what exactly BOJ/MOF are doing to the market with interventions...its call manipulating the market.......right?

CT DB 14:32 GMT February 26, 2004 Reply   


Dallas GEP 14:20 GMT February 26, 2004
I agree with Toronto Bogdan re: "The currency market is the most manipulated market in the world.", not that i want to get on your case, u took enough flak yesterday, good to see u back albeit bruised (LOL)

GL & GT

sf mike 14:31 GMT February 26, 2004 Reply   
chc// Good suggestion. I loaded for the move, then whammo. All my stops were hit.

Sydney bl 14:31 GMT February 26, 2004 Reply   
NY RHINO
USD/JPY 108.79

Dallas GEP 14:31 GMT February 26, 2004 Reply   
Bogdan, what would you call MOF and ECB intervention then????

Dallas GEP 14:29 GMT February 26, 2004 Reply   
108.74 on USD/JPY low

Oakland Daimyo 14:29 GMT February 26, 2004 Reply   
Thx Lagos-- I had a sell stop @ 1.8549, I cut out on it -30 pips as I saw it being "manipulated" Better to cut and run/ wait for next opportunity. I still think EUR/USD and GBP/USD are going down however, the "when" question is anybody's guess. I'm gonna wait for retracement/failure as this offers the best R/R and probability of success. Sharks are in the waters here, so specs w/ tight stops should be careful. Do not be scared out of your original analysis, stick to it. Also, be careful w/ reverses. I would not use auto pilot in this environment.

Toronto Bogdan 14:28 GMT February 26, 2004 Reply   
Dallas GEP

Au contraire my friend - Forex is the least manipulated market in the world - because of the high volume, world wide players, no
"level 2" and Market Makers head fakes...etc...

chc 14:27 GMT February 26, 2004 Reply   
wait until Buffet wipes

Tor Pumpkin 14:26 GMT February 26, 2004 Reply   
Cashman!!!! LOL

NY RHINO 14:26 GMT February 26, 2004 Reply   
Can anybody tell me what the low for $/jpy today . Thanks

Melbourne Qindex 14:25 GMT February 26, 2004 Reply   
EUR/USD : The following ranges are likely to be challenged :-

... // 1.2324 - 1.2355 - 1.2385 - 1.2416 - 1.2447 // ...

Sydney bl 14:25 GMT February 26, 2004 Reply   
Oakland Daimyo
GBP/USD 1.8552

Dallas GEP 14:25 GMT February 26, 2004 Reply   
1,8640 short on POUND

Toronto Bogdan 14:24 GMT February 26, 2004 Reply   
It's too obvious - all yesterday afternoon and night (eastern time) euro stayed flat on the 20MA 30 min & 40MA 5 min rezistance. At european opening went down some more. Now after some wiggles is staying on the new, lower, 40 MA 5 min and all 80, 120, 240 MA 1 min rezistances. What would that tell you?...

Ldn Cashman 14:22 GMT February 26, 2004 Reply   
mike- well he should have had his breakfast by now... He he

sf mike 14:21 GMT February 26, 2004 Reply   
Do you guys think W Buffet is dumping now.

Lagos Styrax 14:20 GMT February 26, 2004 Reply   
Oakland Daimayo
GBP low on my platform is 1.8547

Dallas GEP 14:20 GMT February 26, 2004 Reply   
YES GC, it is more than possible. The currency market is the most manipulated market in the world. Some BIG players do know the numbers BEFORE they are officially released, I have no doubt/

boulder dat 14:19 GMT February 26, 2004 Reply   
considering the recent price movement in the dollar, i'm geting the sense that someone will pull the trigger on exiting dollar shorts. the GBP held pretty well on the 1.8550 level. this could be the first level to break to see a sustained dollar rally. euro is at a price that shorts could be initiated as well. the daily on the euro is looking to start falling with a break of the uptrend.

Toronto Bogdan 14:16 GMT February 26, 2004 Reply   
Here it is - big bucks buying the USD again

Georgia gc 14:15 GMT February 26, 2004 Reply   
Dallas GEP Thank you very much for you answer. The question remains before I thought the market was waiting for the data and then react. Is it possible market know people will short $, so it go opposite to kill those poor guys?

lugano rob roy 14:15 GMT February 26, 2004 Reply   
sold eu$ 1.2438 sell ag 1.2495 s/l 1.2525

Paris JC 14:14 GMT February 26, 2004 Reply   
Thanx Boulder.. will go check it out now

New Brunswick Shaggy 14:14 GMT February 26, 2004 Reply   
Oakland Daimyo 13:56,

The low bid on my platform is 1.8538. So that must be the low.

ny ft 14:14 GMT February 26, 2004 Reply   
Paris what is HICP ? and itss importance to euro ?

Dallas GEP 14:13 GMT February 26, 2004 Reply   
Mike, no I do not. New home Sales is out in 50 minutes.

boulder dat 14:12 GMT February 26, 2004 Reply   
paris JC
http://www.mfr.com/Extra/Calendar/MFRIntCalendar.htm

Toronto Bogdan 14:12 GMT February 26, 2004 Reply   
Hang in there - these are just wiggles !

boulder dat 14:12 GMT February 26, 2004 Reply   
Oakland Daimyo 13:56
i have 1.8549

Paris JC 14:11 GMT February 26, 2004 Reply   
Hi All.. Does anyone know what time "Final EMU HICP" coming out tomorrow?

L.A. Igrok 14:11 GMT February 26, 2004 Reply   
Malaga boqueron 13:43 GMT February 26, 2004///

I don't work for ECB and have no idea about their plans. Also don't really care. My assumption is plain, simple and quite obvious: The average yearly range on EUR/USD is about 2000 pips. If it gets below 1.2335 changing the main move of the current year for the fifth time, then we will have to assume that the top of the range for this year is already in place. The projection for a potential bottom to be set automatically at 1.2930-2000 pips= 1.0930. The bearish divergence on weekly MACD (yet to be confirmed) targets 1.08 level minumum. This is why I made a suggestion that 1.08 is reachable before the end of the year. Not a rocket science indeed.

Toronto Bogdan 14:10 GMT February 26, 2004 Reply   
Second round starting soon - rezistance hit on several time frames, euro, gbp down again!

Tallinn viies 14:09 GMT February 26, 2004 Reply   
I hope we have seen the lows for today.
maybe tommorow 1,2340 will be taken out

sf mike 14:09 GMT February 26, 2004 Reply   
GEP// do you think the stop clearing process is over?

Leicester OR 14:08 GMT February 26, 2004 Reply   
MACD bullish divergence, kangaroo tail. You can't miss it!

Dallas GEP 14:07 GMT February 26, 2004 Reply   
GC, data will generally push INITIALLY the market in the direction of the news BUT the market MOST of the time will continue back in the direction it was trending BEFORE that data was release. Because data was negative US; eur/usd longed about 40 points but THEN went back short as was it bias prior to data release

London DD 14:04 GMT February 26, 2004 Reply   
You guys better give me back some of my money one day. The reason your rich is the reason Im poor, because I gave all my money away to all of you!

GA TJ 14:02 GMT February 26, 2004 Reply   
Short Cable @1.8735 Just moved Stop to 1.8690 to lock in a few pips. Gotta go make some coffe. Making trading decisions with one eye open can be dangerous.

Oakland Daimyo 14:02 GMT February 26, 2004 Reply   
Thanks Dubai

Dubai DTD 14:00 GMT February 26, 2004 Reply   
Oakland Daimyo 13:56 GMT GBP low bid on my platform 1.8548

lugano rob roy 14:00 GMT February 26, 2004 Reply   
out of aud $ with very small profit, but market really interesting and offer very good opportunities

georgia gc 13:58 GMT February 26, 2004 Reply   
Dallas GEP

I saw your posts and like a lot. I am new to forex. Would you please give me a explaination for me question (previous post)? Thanks

Dallas GEP 13:58 GMT February 26, 2004 Reply   
How about volatile???

Oakland Daimyo 13:56 GMT February 26, 2004 Reply   
Checking around as my two platforms differ. What was the lowest bid price printed today (just now) for GBP/USD?

Dallas GEP 13:55 GMT February 26, 2004 Reply   
I would short Eur/USD on upticks to 1.2440 area and short cable from 1.8620 area. This will be VERY VERY voaltile

Lagos Styrax 13:53 GMT February 26, 2004 Reply   
Dallas GEP
Its that kind of luck that I pray for every morning; 54 pips scalped just like that!
Lucky you.
Please any insight into today's market, Im still in the wood from last weekend's trade.
Thanx

Geogia gc 13:53 GMT February 26, 2004 Reply   
how should one read the US data? I thought it $ negative. Why was $ up? I appreciate your explaination. Thanks

chicago cal 13:50 GMT February 26, 2004 Reply   
i'm done for the day, square on all positions; except for a buy order at 1.2350 SAR 1.2327

gl,gt

GA TJ 13:47 GMT February 26, 2004 Reply   


GA TJ 03:07 GMT February 26, 2004
ML
Think I will take a small Short shot on Cable when the 14 Stoch turns down on the 30 min. Got no strong convistion so I think I will nickel and dime it for a while and hope to catch a good move.
****************************


It finally happened about 6 hours later. But I didn't catch it for a couple of hours after that and only because I woke up and had to go the bathroom. Short Cable @1.8735.

Proof positive that even Ugly Bunnies can get lucky.

Caribbean! Rafe... 13:46 GMT February 26, 2004 Reply   
1.2387 touched, next target probably 1.2331 then the 1.2276 major point by perhaps tomorrow.


Caribbean! Rafe... 02:38 GMT February 26, 2004
Caribbean! Rafe... 22:49 GMT February 25, 2004
Euro Pivots until major points taken out.

*major points*

** mid-points**

*1.2723*

**1.2611**

*1.2499*

** 1.2387**

*1.2276*

Dallas GEP 13:46 GMT February 26, 2004 Reply   
Scalped 54 pips on Cable short, unable to post happened too quick.

Nottingham 13:46 GMT February 26, 2004 Reply   
euro...1st o/s 1.2385...2nd 1.2320

Nottingham 13:44 GMT February 26, 2004 Reply   
usdcad...1st o/b 1.3553...2nd 1.3625

Malaga boqueron 13:43 GMT February 26, 2004 Reply   
Re L.A. Igrok 12:14 GMT - EUUS 1,08 target before year end. I would be extremely surprised to see those levels this year without some sort of concerted central bank intervention. To my knowledge major trends in the majors don't turn by themselves. I can see a pullback to the 1,18/19 level over the medium term before the uptrend resumes but without the big boys actually intervening I doubt if a major reversal is possible.

Tallinn viies 13:43 GMT February 26, 2004 Reply   
went long on the euro fron.
bought at 1,2386.
stop at 1,2326
target 1,2470/80

Bris TW 13:43 GMT February 26, 2004 Reply   
happy cable scalping? long 1.8630-90 in 1 min
short 1.8607-1.8555 in 2 min :->

lugano rob roy 13:43 GMT February 26, 2004 Reply   
Lowered s/p at 0.7701, ob 0.7560. Interest development

chicago cal 13:40 GMT February 26, 2004 Reply   
added to euro shorts at 1.2440 sorry i'm late, but i mentioned this trade yesturday

gl,gt

hk ab 0.66 13:37 GMT February 26, 2004 Reply   
bye see u al later.

something not smelling good in eur 1 min chart though.

Lagos Styrax 13:36 GMT February 26, 2004 Reply   
Good day to all!

Toronto Bogdan 13:36 GMT February 26, 2004 Reply   
1.2 & 350k - good # for $

hk ab 0.66 13:35 GMT February 26, 2004 Reply   
nt, will have dinner soon...

but seems all pairs are not in good levels now.
maybe a short in eurg/bp.

Dallas GEP 13:35 GMT February 26, 2004 Reply   
350 on jobless claims

DAK tk 13:35 GMT February 26, 2004 Reply   
Any1 have the high in cable in the last half an hour? TIA

hk ab 0.66 13:34 GMT February 26, 2004 Reply   
hahah, monkey.. interesting.

lift the order at 40., so only keeping 3 lots but not added.

Jakarta JacK 13:34 GMT February 26, 2004 Reply   
Wow... the cable gets crazy...

hong kong nt 13:33 GMT February 26, 2004 Reply   
ab -- can you recommend some short term trades to me ? thanks...

Toronto Bogdan 13:32 GMT February 26, 2004 Reply   
So what are the numbers?

Ldn Hat 13:32 GMT February 26, 2004 Reply   
Anyone have the US data? Thanks

lugano rob roy 13:31 GMT February 26, 2004 Reply   
sold aud/usd at 0.7715 s/l .7755. Out of $ chf at 1.2580 tonight on stop profit

Manama MT 13:28 GMT February 26, 2004 Reply   
HK
better to enter after the figure of US

hk ab 0.66 13:28 GMT February 26, 2004 Reply   
look v. volatile....BL captured?

hk ab 0.66 13:27 GMT February 26, 2004 Reply   
should be 40.

hk ab 0.66 13:27 GMT February 26, 2004 Reply   
will try small short eur when signal comes.

place limit sell now at 1.2548.

Saihat 13:27 GMT February 26, 2004 Reply   
SG Jay 13:17

for demo

short at 1.2490 or 1.2525

L.A. Igrok 13:26 GMT February 26, 2004 Reply   
Tallinn viies 13:19 GMT February 26, 2004/// Thank you, mate. With all due respect I would have to say that actually I prefer to be disagreed with. Consensus kills the profit.

hk ab 0.66 13:25 GMT February 26, 2004 Reply   
RP// are you sure yuo don't have the misunderstanding on "long" or short?

short at 107.17?
you should be on fire now, if that's so.

NEW YORK RP 13:24 GMT February 26, 2004 Reply   
hk ab

I am in short 107.17 and looking to add. You seem to be the happy camper for the moment. GL

Tallinn viies 13:19 GMT February 26, 2004 Reply   
ok, lets say we have different views on trading.

charts show you statistics, only in graphical mode

Manama MT 13:19 GMT February 26, 2004 Reply   
SG
Probably there is another push up before euro decline.

Indonesia solo raden_masandi 13:18 GMT February 26, 2004 Reply   
Sydney GVM 12:11 GMT February 26, 2004
yes. seen be started.
LOL. I have liquidated my selling gbp/usd 1.8731 at 1.8574 and then price explosive. my Lucky..

hk ab 0.66 13:18 GMT February 26, 2004 Reply   
oh...

RP// I have two lots.
One longed from 108.05, one from 107.05
Now the one from 108.05 is exited.
keeping the one from 107.05.

SG Jay 13:17 GMT February 26, 2004 Reply   
Hi Guys ,

Is it a good time to short euro/usd now ?

NEW YORK RP 13:16 GMT February 26, 2004 Reply   
hk ab 0.66 13:13
Stop on 107.05?
THANKS

L.A. Igrok 13:14 GMT February 26, 2004 Reply   
Tallinn viies 13:06 GMT February 26, 2004
L.A. Igrok 13:00 - I agree with you but agaist stat charts never work.

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

It might happen simply because of poor charts reading. I also make mistakes in readings but in such cases it is usually my own mistake, which nonetheless doesn't change general philosophycal concept. This is what we need the stops for.

hk ab 0.66 13:13 GMT February 26, 2004 Reply   
RP, kept the long from 107.05.

NEW YORK RP 13:13 GMT February 26, 2004 Reply   
hk ab 0.66
Are you out of Yen yet? SL

Leicester OR 13:13 GMT February 26, 2004 Reply   
Look at the bullish divergence in the MACD-Histogram 4 h chart EURUSD. Any comments?

Barcelona JP 13:10 GMT February 26, 2004 Reply   
Gone short in cable @ 1.8625.

S/L 1,8655

hk ab 0.66 13:06 GMT February 26, 2004 Reply   
put limit 109.05 to go long again....

Tallinn viies 13:06 GMT February 26, 2004 Reply   
L.A. Igrok 13:00 - I agree with you but agaist stat charts never work.

Quebec YQB 13:03 GMT February 26, 2004 Reply   
I wouldn't be jumping so soon on going long on usd/jpy

Tallinn viies 13:03 GMT February 26, 2004 Reply   
hk ab 0.66 12:57 - whatevr, dont have time rigth now to explain. later maybe.
those situationas are completley different
cu

hk ab 0.66 13:02 GMT February 26, 2004 Reply   
dlr/jpy p/t for 153 pips.

L.A. Igrok 13:01 GMT February 26, 2004 Reply   
geneva 12:58 GMT February 26, 2004
L.A. Igrok 12:22 GMT February 26, 2004
Could you give me your website?

www.igrokforex.com

Sydney GVM 13:01 GMT February 26, 2004 Reply   
Is this Raden's "buying bomb" in the euro? Any news out?

hk ab 0.66 13:00 GMT February 26, 2004 Reply   
gambler betting poor US numbers.

L.A. Igrok 13:00 GMT February 26, 2004 Reply   
Tallinn viies 12:42 GMT February 26, 2004/// I don't really take any fundamentals into consideration and my view is based on the charts only. My experiense tells me that if the market really has to go somewhere then there will be the fundamentals found to support that move. In any case there is always an explanation found later on when it's too late. I even think sometimes that it is possible to predict the future fundamentals based on the charts rather than vise versa. For instance 9/11 came exactly in time for a good retracement. One good ben Laden's showdown in Frankfurt or Paris tomorrow and nobody will ever remember about today's interest rates differentials. The reason to explain the past will always be there.

geneva 12:58 GMT February 26, 2004 Reply   
L.A. Igrok 12:22 GMT February 26, 2004

Could you give me your website?

hk ab 0.66 12:57 GMT February 26, 2004 Reply   
Tallinn viies 12:42 GMT February 26, 2004
L.A. Igrok 12:14 GMT - I really doubt dollar can make 16,5% come back in a year when interest rates are near 1% per annum. it doesnt just work that way. but I still hope it will, our exporters over here could get more money just like that :)


viies, dlr/jpy came back from 135 to 115 in < 6 months and that counts 14.8% with a gap larger than 1.5% at least.

hk ab 0.66 12:55 GMT February 26, 2004 Reply   
now place trail on dlr/jpy long from 108.05 @ 109.58.
keep the other one.

Tallinn viies 12:55 GMT February 26, 2004 Reply   
hk ab 0.66 12:52 - dont understand your statement mate...

hk ab 0.66 12:53 GMT February 26, 2004 Reply   
but dlr/jpy had even larger gap then.

hk ab 0.66 12:52 GMT February 26, 2004 Reply   
viies, dlr/jpy made 14.8% in 2002 and 22.2% in 2 years time frame....

Oakland Daimyo 12:51 GMT February 26, 2004 Reply   
Friday maybe a better day for bear raids. Be patient. Watch 1.8600--1.8640 for clues (next move).

Oakland Daimyo 12:47 GMT February 26, 2004 Reply   
Looks like shorters might have to wait for now. Selling pressure is still > buying pressure but that does not mean we can't see upticks to sell into. I believe this is the better strat for now.

Manama MT 12:44 GMT February 26, 2004 Reply   
It looks sielent poststorm out there.

Tallinn viies 12:42 GMT February 26, 2004 Reply   
L.A. Igrok 12:14 GMT - I really doubt dollar can make 16,5% come back in a year when interest rates are near 1% per annum. it doesnt just work that way. but I still hope it will, our exporters over here could get more money just like that :)

GVI john 12:34 GMT February 26, 2004 Reply   
Worth a look in today's table are the three month comparison of short-term rates. They tell worlds about which way the wind is blowing.

For a broad range of opening levels click on GVI’s “Market Snapshot”:
CLICK HERE

Jakarta JacK 12:33 GMT February 26, 2004 Reply   
GVM, MT. Thanks for the explanation. I've just take short position on "Cable" at 1.8565. :-)

hk ab 0.66 12:30 GMT February 26, 2004 Reply   
long a little aud/nzd for short play. 1.1200

hk ab 0.66 12:29 GMT February 26, 2004 Reply   
maybe syd is buying up all the aud .7660 again to work against the raid.:)

Dublin Flip 12:29 GMT February 26, 2004 Reply   
Jack it's sterling's nickname.
It's because the "cable" was the communication link between britain and US on the bottom of the atlantic. The Cable was like the phone line.

Helsinki iw 12:29 GMT February 26, 2004 Reply   
nyc, cluster of support at 2,32-33 area.

Sydney GVM 12:29 GMT February 26, 2004 Reply   
Jakarta JacK 12:25 GMT February 26, 2004

cable is a term used when referring to GBP/USD

Manama MT 12:27 GMT February 26, 2004 Reply   
Jakarta.
I could just make it simple.. Cable today is a sell so don't get trapped. GL

melbourne farmacia 12:27 GMT February 26, 2004 Reply   
nyc sa 12:23 GMT February 26, 2004
Sorry mate, don't follow that pair.

L.A. Igrok 12:26 GMT February 26, 2004 Reply   
hk ab 0.66 12:22 GMT February 26, 2004
Igrok, before parity, let's see 1.28-9 one more time to load up.

------------------------------------------------------------
Closing below 1.2570 tomorrow is very likely to eliminate such a possibility. Next "pit stop" delay should be at around 1.18.

GVI john 12:26 GMT February 26, 2004 Reply   
This report is posted twice daily on GVI. For information on how you can access the entire report on GVI, contact [email protected]
STRATEGY SESSION --New York Open
Opening Levels:
eur/$ 1.2430…$/yen 109.75
DJIA -2 pts… 10-yr 4.01%, +2 bp
PERSONAL OPINIONS:
For a broad range of opening levels click on GVI’s “Market Snapshot”:
CLICK HERE
One of the major pitfalls of fundamental analysis in forex is that we sometimes don’t know what fundamental information the market will focus on. Today is a case in point. The market appears to be turning its gaze away from the abysmal U.S. fundamentals and now is focused on the poor European fundamentals. There apparently is a MNI report that the ECB is now going to consider a rate cut at next Thursday’s meeting. We noted that Chancellor Schroeder called for lower rates yesterday and that the February IFO figure on Tuesday suggested that the German economy might be faltering. ECB President Trichet also is likely to be a more pragmatic head of the central bank than his predecessor. We indicated yesterday also that the implied June Euribor futures fell below the 2.0% Refi rate for the first time, indicating that the markets are starting to price in the risk of a rate cut. The markets sometimes have a way of twisting the fundamentals to suit the price action and this could be happening now. This is a time when the technicals could be leading the way and cannot be ignored. We also could be setting a needed precondition (unwarranted dollar bullishness) for the dollar’s next down leg, so be careful! ......
For More see GVI

Oakland Daimyo 12:25 GMT February 26, 2004 Reply   
Revised next target 1.8500/ 1.8480 for GBP/USD short

Jakarta JacK 12:25 GMT February 26, 2004 Reply   
Hi, can someone explain about "cable" please? I read it in many messages but don't understand. Thanks

Oakland Daimyo 12:23 GMT February 26, 2004 Reply   
Temporary pause in GBP/USD seems to be over for now we had to digest the 1.8560 area first. This appears to have been done. Next stop 1.8520

nyc sa 12:23 GMT February 26, 2004 Reply   
good morning all , Helsinki ,Farmacia , I would like to buy GBD/CHF can u advise of a good entry point in case of retracement ?

hk ab 0.66 12:22 GMT February 26, 2004 Reply   
thanks farmacia.

L.A. Igrok 12:22 GMT February 26, 2004 Reply   
Dallas GEP 12:10 GMT February 26, 2004/// Frankly, I have no idea. It might be limited just to 1.0900-30 level.

hk ab 0.66 12:22 GMT February 26, 2004 Reply   
Igrok, before parity, let's see 1.28-9 one more time to load up.

melbourne farmacia 12:21 GMT February 26, 2004 Reply   
ab - very possible at 0.7530 again, but that would depend on euro . Should see 0.7640 this round being 764 of 0.8003 - 0.7529. Need to calculate a new set of figures after todays close. GT

hk ab 0.66 12:20 GMT February 26, 2004 Reply   
limit short eurgbp 1 lot. .67

L.A. Igrok 12:14 GMT February 26, 2004 Reply   
This week's closing below 1.2570 on EUR/USD will automatically set 1.0800 as the initial target to reach before the end of the year. The parity and even, possibly, .9800-50 are likely to follow on a longer-term.

Barcelona Tony 12:14 GMT February 26, 2004 Reply   
Well, looks like finally daily divergences have worked and we're ready for the big drop ... come on!

Alicante RTN 12:13 GMT February 26, 2004 Reply   
Use the euro weakness to pick up some long eurnok around 8.78. Has major t/l support at 8.7708.

And keep an eye on usdcad which is trying the upside; - if 1.35 is taken out, the euro and cable correction may have longer legs.

Another failure would induce at least a pullback in eurusd and cable.

Sydney GVM 12:11 GMT February 26, 2004 Reply   
Indonesia Solo raden_masandi 12:07 GMT February 26, 2004
"I hope you exit for your selling eur/usd position because I see 1.2421 is strong resistant. I afraid there is "buying bomb orders" there."

raden do you mean 1.2421 is a support level for possible "buying bomb" that takes euro higher?? TIA

Dallas GEP 12:10 GMT February 26, 2004 Reply   
Igrok, what would you guess as to what the LOW might be for USD/JPY for the 4-5 days starting from now????

Indonesia Solo raden_masandi 12:07 GMT February 26, 2004 Reply   
hello !!
maybe right. seen eur/usd still stay here until gbp/usd touch 1.8535 or make lower +/- 15 pips. if like this I hope you exit for your selling eur/usd position because I see 1.2421 is strong resistant. I afraid there is "buying bomb orders" there.
I have ready to anticipate that in my order plan.
I hope right.

Helsinki iw 12:03 GMT February 26, 2004 Reply   
Believe EUR/GBP just a sign how strong the selling pressure in
cable is. Once again when cable bottoms GBP/CHF is a buy.
Trending upwards and yielding some 70 pips/month in interest
rate differential. IMHO

Singapore Sfx 12:03 GMT February 26, 2004 Reply   
L.A. Igrok 12:02 - awesome shout, the other day. Could not have been better timed. Salut, sir.

Ldn 12:02 GMT February 26, 2004 Reply   
NZ Business Confidence -28% In Feb Vs -16% In Dec

L.A. Igrok 12:02 GMT February 26, 2004 Reply   
I think we have about 5-6 trading days to meet the target 114.50-115.00 on the USD/JPY that I was talking in my 12:46 GMT February 18, 2004 comment.

Dallas GEP 12:00 GMT February 26, 2004 Reply   
Eur/GBP longing for the time being is keeping eur/usd from shorting.

Dallas GEP 11:58 GMT February 26, 2004 Reply   
Short again from 1.2421 on Euro

Dallas GEP 11:57 GMT February 26, 2004 Reply   
NOTTY, that's why cable LONGED from 1.8607 the first time it was down there to around 1.8644. It seems ALL the shots were fired upon the FIRST approach of that level so SECOND time it BROKE> Sorry about the confusion I may have created.

Melbourne Qindex 11:56 GMT February 26, 2004 Reply   
AUD/USD : the lower barrier of my daily cycle will be challenged.

Melbourne Qindex 03:36 GMT February 26, 2004
AUD/USD : Daily Cycle Quantised Levels

... 0.7388 ... 0.7513 ... 0.7576 ... 0.7639 // 0.7670 - 0.7701 - (0.7732) - 0.7764 - 0.7795 - 0.7826 // 0.7858 ...

melbourne farmacia 11:55 GMT February 26, 2004 Reply   
Sorry - i didn't read the previous posts regarding GBP. ie same info.

Dallas GEP 11:53 GMT February 26, 2004 Reply   
Euro should break down SOON,

hk ab 0.66 11:53 GMT February 26, 2004 Reply   
farmacia, could you recall us your m/t bottom view on aud please? TIA.

LondonJoe 11:53 GMT February 26, 2004 Reply   
aud a cheap contra buy here short term play at .7680 with a SAR 10 points lower IMHO

Nottingham Daniel 11:53 GMT February 26, 2004 Reply   
Dallas GEP - OK - It did not mean sense to me at time, as I have traded the GBP$ since Yesterday and this morning and for me we are heading south - I have done many trades with this one today with succes - I thought you new something I was not aware of - such as large operater buy position - to move the GBP! UP! - Once it went past your figure my heart started to beat again!

Melbourne Qindex 11:52 GMT February 26, 2004 Reply   
QC WC 11:48 GMT - EUR/USD : 1.2379 is a key number for today.

hk ab 0.66 11:51 GMT February 26, 2004 Reply   
hk ab 0.66 05:42 GMT February 26, 2004
whoosh... the nzd... hahaha
hoax.

Melbourne Qindex 11:50 GMT February 26, 2004 Reply   
QC WC 11:48 GMT - No!

Stockholm za 11:49 GMT February 26, 2004 Reply   
UK Feb Consumer Confidence -2 Vs Jan's 0: GfK.......???

melbourne farmacia 11:48 GMT February 26, 2004 Reply   
Just watch out for action around Daily trend line on GBP/USD, coming in around 1.8520. ( from 1.6565 - 1.7820 and now 1.8520 ish ) Could be interesting if broken fwiw..

Dallas GEP 11:48 GMT February 26, 2004 Reply   
Yep NOTTY, Q is pretty amazing most of the time.

QC WC 11:48 GMT February 26, 2004 Reply   
Qindex, If Euro can pull towards 1.2239, will GBP stop at 1.8522 or 1.8517?

Dallas GEP 11:46 GMT February 26, 2004 Reply   
NOTTY, the this is Aggressive warning meant I did not wish others to take it and not knowing it would be rather risky.

hk ab 0.66 11:45 GMT February 26, 2004 Reply   
sth wrong with nzd.
maybe RBNZ in action?
or gannies in action?

hk ab 0.66 11:45 GMT February 26, 2004 Reply   
nt// thanks for your gbp/jpy short yesterday.

Melbourne Qindex 11:44 GMT February 26, 2004 Reply   
EUR?USD : My monthly cycle indicates that the market is pulling towards 1.2239.

Nottingham Daniel 11:43 GMT February 26, 2004 Reply   
I would go with Melbourne Qindex - on the GBP$ & Euro$ if you follow is logic it seems to work!

Dallas GEP 11:43 GMT February 26, 2004 Reply   
NOTTY, probability of success was marginal because it depends upon an option to be defended and no one knows for sure how strong the defense would be. The First DEFENSE was successful from 1.8607 but this time it broke.

Dallas GEP 11:43 GMT February 26, 2004 Reply   
NOTTY, probability of success was marginal because it depends upon an option to be defended and no one knows for sure how strong the defense would be. The First DEFENSE was successful from 1.8607 but this time it broke.

Melbourne Qindex 11:42 GMT February 26, 2004 Reply   
GBP/USD : Pulling towards 1.8522 (Monthly Cycle Quantised level)

Oakland Daimyo 11:40 GMT February 26, 2004 Reply   
Selling pressure in GBP/USD and EUR/USD is confirming current price action. Buyers at present are scarce. Looks like bulls may have to let the "line" go & re-group later. Go Raiders.

Melbourne Qindex 11:39 GMT February 26, 2004 Reply   
GBP/USD : The lower barrier of my daily cycle will act as a magnet for the market.

Dallas GEP 11:39 GMT February 26, 2004 Reply   
Stopped out -20.

Dallas GEP 11:37 GMT February 26, 2004 Reply   
1.8590, barely iN

Dallas GEP 11:34 GMT February 26, 2004 Reply   
1.8593 stop now

Melbourne Qindex 11:34 GMT February 26, 2004 Reply   
Melbourne Qindex 04:12 GMT February 26, 2004
GBP/USD : the critical point of my daily cycle is located at 1.8706. The lower barrier is expected at 1.8517 // 1.8580 and the upper barrier is positioning at 1.8955 // 1.9018.


... 1.8517 // 1.8580 - 1.8643 - 1.8706* - 1.8768 - (1.8831) - 1.8893 - 1.8955 // 1.9018 ...

Nottingham Daniel 11:34 GMT February 26, 2004 Reply   
Dallas GEP 11:28 GMT February 26, 2004
This is Aggressive, WARNING!!!

Don't understand this GEP!

Dallas GEP 11:33 GMT February 26, 2004 Reply   
IN now @ 1.8610 long on POUND as posted.

Nottingham 11:33 GMT February 26, 2004 Reply   
Dallas...not certain about cable as eurgbp has some give back in it if required, but think euro seen low till 1500gmt at earliest, don't think we'll see under 2425/30 up till then fwiw...gl gt

hk ab 0.66 11:33 GMT February 26, 2004 Reply   
I am waiting eur/gbp .67 to short small.

Melbourne Qindex 11:32 GMT February 26, 2004 Reply   
Melbourne Qindex 11:32 GMT February 26, 2004
Spot Gold : the odds are good that the market will head for 386.7.

Gold Coast martin 11:32 GMT February 26, 2004 Reply   
as posted previously the euro to go down to 12420...next its the second part of the prophecy...aud to go down to 7580....g/l g/t

Manama MT 11:31 GMT February 26, 2004 Reply   
Cable is at 10 now nothing happened

Dallas GEP 11:28 GMT February 26, 2004 Reply   
This is Aggressive, WARNING!!! Buy order on POUND @ 1.8610 with stop @ 1.8597 and TP @ 1.8640

hk ab 0.66 11:27 GMT February 26, 2004 Reply   
aud is sticky... think that option is not small.

Dallas GEP 11:23 GMT February 26, 2004 Reply   
Thinking about seeing whether or not that 1.8600 will actually hold with a LONG possie with tight stop. Thnaks GVM!!!

Sydney GVM 11:19 GMT February 26, 2004 Reply   
nice work GEP

Dallas GEP 11:16 GMT February 26, 2004 Reply   
That would be +77 pips on 1.2514 shorts on Euro, +30 PIPS on Pound short

Melbourne Qindex 11:16 GMT February 26, 2004 Reply   
EUR/USD : If the market can hit 1.2379, sell on rallies would still be the prefer trading strategy. The odds are good that the lower barrier of my daily cycle at 1.2281 // 1.2306 will be challenged later today or early Asian session.


Melbourne Qindex 00:22 GMT February 26, 2004
EUR/USD : The current expected trading ranges from my weekly cycle 1.2347 - 1.2439 - 1.2531. The lower barrier of my daily cycle is expected at 1.2281 // 1.2306 and the upper barrier is positioning at 1.2526 // 1.2551. The odds are still in favour of maintaining a short position.


... 1.2232 ... 1.2281 // 1.2306 - 1.2331 - 1.2355 - (1.2379) - 1.2404 - 1.2429 - 1.2453 - 1.2477 - (1.2502) - 1.2526 // 1.2551 - 1.2575 ... 1.2624 ... 1.2673 ...

PAR 11:15 GMT February 26, 2004 Reply   
1.8600 GBP option being protected by UK banks.

Dallas GEP 11:14 GMT February 26, 2004 Reply   
Closed eur shorts @ 1.2437

Dallas GEP 11:13 GMT February 26, 2004 Reply   
Sorry that would be 1.8620

shanghai bc 11:13 GMT February 26, 2004 Reply   

QINDEX -- Good evening..Good forecasts and trades..

Dallas GEP 11:12 GMT February 26, 2004 Reply   
Closed POUND short @ 1.8629 BUT it probably still has more (MORE time).

Indonesia Solo raden_masandi 11:09 GMT February 26, 2004 Reply   
you can still sell eur/usd and gbp/usd.
now these pair build harmonic numbers at 1.2368 and 1.8535 or 15-20 pips lower for gbp/usd is okay too.
maybe too many buyers gbp/usd and eur/usd wait there for action.
remember this and be carefull !!

sarasota jf 11:04 GMT February 26, 2004 Reply   
ab i think thats right - it maybe higher than that later on 111.20 level but right now this 137.00 reistance for euryen while eurusd grinds the lower side - n slows the usdyen a little combined with the exporters selling every 25 pips

Dallas GEP 10:59 GMT February 26, 2004 Reply   
All these pairs are like a can of magnets, attracting and repealing each other!!!

Gen dk 10:58 GMT February 26, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

hk ab 0.66 10:57 GMT February 26, 2004 Reply   
bc// thankyou.

Melbourne Qindex 10:57 GMT February 26, 2004 Reply   
shanghai bc 10:44 GMT - Good evening, top trades!

EUR/USD : The following 22-day cycle are now governing the downward trending movement of the market.

Set A : ... // 1.2191* - 1.2256 - 1.2321 - 1.2386 - 1.2451* - 1.2516 - 1.2581 - 1.2646 - 1.2711* // ...

Set B: ... // 1.2321* - 1.2347 - 1.2399 - 1.2373 - 1.2425* - 1.2451 - 1.2477 - (1.2503) - 1.2529* // ...

Melbourne Qindex 10:56 GMT February 26, 2004 Reply   
shanghai bc 10:44 GMT - ood evening, top trades!

EUR/USD : The following 22-day cycle are now governing the downward trending movement of the market.

Set A : ... // 1.2191* - 1.2256 - 1.2321 - 1.2386 - 1.2451* - 1.2516 - 1.2581 - 1.2646 - 1.2711* // ...

Set B: ... // 1.2321* - 1.2347 - 1.2399 - 1.2373 - 1.2425* - 1.2451 - 1.2477 - (1.2503) - 1.2529* // ...

Dublin Flip 10:55 GMT February 26, 2004 Reply   
The EU enlargement has had virtually no editorial coverage or debate. It's ironic given the daily slaying of the German Economic under-performance which can be directly linked with it's re-unification. What has held Germany back is not a lack of jobs but that it's former communist cousin doesn't provide the right type of workers. The former east germany has provided plenty of would be workers but with little skills and a low level education thanks to enormous mismanagement.
Similarly these eastern bloc countries have brought little to the economic prosperity party but with alot of expectations. Ultimately Europe will be a formidible trading block and the Euro will provide a stable base for these enlarging consumer markets. However, the immediate future holds many challenges and it will take more than a few speeches of empire building by beuracrats. 15 countries have provided something of a headache to accomadate every view and aspiration how about 25 ??? Europe is beginning to look more like an orphanage.

Dallas GEP 10:48 GMT February 26, 2004 Reply   
Stop on Pound now @ 1.8667

BRU WD 10:47 GMT February 26, 2004 Reply   
"In the face of a palpable loss of confidence in the US economy by Americans, how long can the latest
Dollar rally be sustained? How long can the present levels of US stock markets be sustained? How long
can Gold be kept under $US 400, and how low will it go before support is found? Washington DC wants
to keep all these “balls in the air” until November - that’s more than eight months from now. Given the
level of desperation being exhibited on the forex markets on February 20, this is a forlorn hope." - last one for today.

IMHO, EU is a social land and adopting US economical requests will cause to a CRASH, I beleive the EU officials know that and understand that and they will put the people first - ther are all SOCIAL term thinkers and they will wake before buring 450M people...!!!

shanghai bc 10:46 GMT February 26, 2004 Reply   

AB -- Good evening..Sorry I was busy communicating with our boys in London with "Good morning"..

shanghai bc 10:44 GMT February 26, 2004 Reply   

AB -- Good morning..In general,for market movers,liquidity is more important than levels and they cannot just move when they like t as long as liquidity is not there..So,the thing to do is wait for the liquidity to pick up either in Tokyo or London or Ny open and start the needed operation and once they start operation,it is unlikely to end too quickly either due to their size to load or unload..In the present case,their Long Euro cargo to unload..So,it pays, more often than not, to ride their coat-tails unless you are not the opposing side with same weight..Of course,their operations are not always successful as planned either when they encounter bigger operators on the opposite side..Fwiw..

hk ab 0.66 10:44 GMT February 26, 2004 Reply   
WD// Don't overlook the problem that now they are facing....

Straightfoward one is the same policy on different nations which have totally different econ. situations. fwiw.

Dallas GEP 10:43 GMT February 26, 2004 Reply   
TN Figure is target. Stop now is at entry

BRU WD 10:40 GMT February 26, 2004 Reply   
"The big three in the European Union (EU) are Germany, France, and Great Britain, with a combined
population of 200 million out of the entire EU’s 375 million. On May 1, 2004, ten eastern European
nations will join the EU. That will take the population of the EU up to 450 million people.
The significance of this does not lie merely in the raw population numbers. It lies in the economic fact
that this soon to expand political and economic union will have the world’s biggest economic middle
class, amounting to 200-230 million people. This is HUGE." - Third and last for today wil follow soon; GL & GT

Saihat 10:35 GMT February 26, 2004 Reply   
eur may go 1.2490

hk ab 0.66 10:33 GMT February 26, 2004 Reply   
gd evening bc// are you inspiring us that the freq. of their action will increase now?

BRU WD 10:33 GMT February 26, 2004 Reply   
"The assorted US “authorities” in the economic/financial field have NOT acted to stop the rolling US
credit expansion by raising rates. They have done nothing to end or even reduce US budget deficits by
either cutting spending and/or raising taxes. Those same authorities know that the US Dollar is a world
reserve currency and, knowing that, they also know that they stand in the position where the US
CANNOT be stripped of its foreign exchange reserves. The US Dollar IS foreign exchange reserves.
Taking advantage of that, the “authorities” have created new Dollars, on account, as fast as any foreigner
wanted to obtain them." - More to follow soon..!!!

Nairobi Tn 10:32 GMT February 26, 2004 Reply   
Dallas GEP 10:24
Whats ur target on cable?

TIA

hk ab 0.66 10:32 GMT February 26, 2004 Reply   
dlrcad avalanche starts with a rate hike (just one indeed).
Maybe, a cut will also does the same now.

shanghai bc 10:30 GMT February 26, 2004 Reply   

Yesterday's Eur/Usd sell-mode was started on London open and done through Ny close..Today's sell-mode started on London open too..And the first raid on Eur/usd on 18/2 at 1.29 level started on London open through Ny close..Same operators with same modus operandi..Something to think about even for day traders..Fwiw..

hk ab 0.66 10:30 GMT February 26, 2004 Reply   
thanks for your sharing WD.
However, I would play a long at something near the line 1.2 rather than adding here.

eurgbp will tell us the things needed.

Jakarta JacK 10:29 GMT February 26, 2004 Reply   
EUR down! shorted at 1.2436, will close at 1.2421. Thanks for the input guys.

hk ab 0.66 10:28 GMT February 26, 2004 Reply   
place TP on the dlr/jpy when it reaches 110.
Think the first touch will not generate a very big break out.

Chambery FR JFB 10:25 GMT February 26, 2004 Reply   
Dallas GEP 10:21 GMT February 26, 2004
Thx GEP... :-)

Dallas GEP 10:25 GMT February 26, 2004 Reply   
YES DD it would!!!

Dallas GEP 10:24 GMT February 26, 2004 Reply   
Shorted POUND @ 1.8650

London DD 10:23 GMT February 26, 2004 Reply   
Good morning traders, would it be a foolish idea to take out a short position here in USD/JPY or not?

BRU WD 10:22 GMT February 26, 2004 Reply   
hk ab: Yes, PUT option full amount for December, I will double the PUT option when 1.2850 (50%) + 1.2950 (50%) is done.

IMHO, ECB and FED will put thing stright on the table only after break of 1.3010; until than all cards show 1.2800-1.3200 during the next 30 days.

Dallas GEP 10:21 GMT February 26, 2004 Reply   
JFB, The 5 minute chart which should only be used for entries and exits AFTER the 30 minute confirms shows price action may pip up on EURO but MACD is still DOWN meaning momentum is STILL to the downside.

I STILL beleive Euro will short to 1.2400 or lower it just needs more time. Watch GBP/USD and USD/CHF. Key levels on POUND are 1.8630 (need sustained break).

Brissy JM 10:21 GMT February 26, 2004 Reply   
Does anyone have the market expectation for UK consumer confidence?

hk ab 0.66 10:17 GMT February 26, 2004 Reply   
WD, are you read for 300-400 pips stop as well?

BRU WD 10:13 GMT February 26, 2004 Reply   
Long EUR @ 1.2440 for 400-450pips before 24th of March

Reason: ECB cannot take rates down and out of nothing no one is talking about the US deficit, IMHO USD needs a cure that will not show during an election year.

Bottom line: GL for me and all of you.

Indonesia solo raden_masandi 10:13 GMT February 26, 2004 Reply   
to get minimum at 1.8535.(not 1.2535) for gbp/usd

Chambery FR JFB 10:12 GMT February 26, 2004 Reply   
GEP... if you don't mind... :-) Am new to BB on 5', the "bubble" looks like closing now, what to expect next on that chart plz? TIA

Dallas GEP 10:11 GMT February 26, 2004 Reply   
Raden...1.2535??????

Nottingham 10:09 GMT February 26, 2004 Reply   
Alicante RTN 10:01 GMT

unwinding of cad carry trades is capping usdcad gains...once crosses against aud/nzd/gbp correct a bit you might find usdcad a bit more receptive to upside on euro weakness, assuming of course that $ rebound continues to take key levels...gl gt

Stockholm za 10:09 GMT February 26, 2004 Reply   

Consumer Survey. February 2004

Indonesia solo raden_masandi 10:08 GMT February 26, 2004 Reply   
hello !
gbp/usd seen difficult to block the selling emotion.
IMO :
preparing of break low resistant again to get minimum at 1.2535. But climax selling emotion at 1.8426
maybe that's true direction.

Dallas GEP 10:07 GMT February 26, 2004 Reply   
UA, put your STOP on that USD/JPY long @ 109.37 (are you getting this???)

Alicante RTN 10:01 GMT February 26, 2004 Reply   
Closed eurusd shorts at 39. Concerned about the lack of relative participation from usdcad which again seems to lack the power to break res at 1.3400/20 level. Because of exp future rate cuts, cad should have reacted better to this period of usd strength.

Nothing fundemental has changed these last few days; - market moves are mostly caused by politicians campaigning in front of upcoming elections.

Euro & Cable may not have printed their lows yet for this cycle, but they are quite near a bottom and I would be cautious abt fresh usd longs.

However, I will reconsider this view if usdcad resumes a leading role.

Miami OMIL 09:55 GMT February 26, 2004 Reply   
Thanks, Stockholm za. (/;->

Stockholm za 09:53 GMT February 26, 2004 Reply   
Day.........

Dallas GEP 09:53 GMT February 26, 2004 Reply   
TY NoodyG,!!!

Miami OMIL 09:52 GMT February 26, 2004 Reply   
Stockholm ZA 09:50 GMT February 26, 2004

What time frame are you looking at? (/;-> tia

Stockholm ZA 09:50 GMT February 26, 2004 Reply   

fwiw... EUR/USD.... at the moment...
{ [ ema ( 89 ) + T-line ] = play }} >> ema ( 144 ) .....
Look for pivot play inside the band....
Happy trades.......

SA getFX 09:49 GMT February 26, 2004 Reply   
Euro > The Sep 03 T/L looks quite strong..
This level also ~ agrees with those tuns around 12.19, 01.27, 2.23 dates.
I'm flat, waiting for resolution...

Spr NoodyG 09:49 GMT February 26, 2004 Reply   
GEP glad u r staying around gl & gt's

Dallas GEP 09:47 GMT February 26, 2004 Reply   
If people would quit taking profits on shorts at this 1.2430 level, this would breal thru!!!! Another bounce seen from 1.2430 again but it is shallower still. could see some consolidation for the time being in this tight range. Trailing stop on EURO now @ 1.2469

Miami OMIL 09:44 GMT February 26, 2004 Reply   
GEP intraday indicators are glued to the bottom now I don’t think there is much more moves lower before the indicators unwind again IMHO.

Leicester OR 09:37 GMT February 26, 2004

Miami OMIL 08:35 GMT February 26, 2004
This may be some stop hunting to shake out the longs and option barrier around 1.2450-20 area IMHO. (/;->

Leicester OR 09:37 GMT February 26, 2004 Reply   
Looks like a bear trap. Any comments?

PAR 09:36 GMT February 26, 2004 Reply   
After destroying the German economy Schroeder has now set his mind on Europ. There is no leader in the world with a worse economic track record than Schroeder . So if he is going to advise the ECB better sell the Euro immediately.

Miami OMIL 09:33 GMT February 26, 2004 Reply   
If eur/usd holds around 1.2400-20 I will reload shorts at around 1.2535-40, 1.2565-70 and 1.2600-05 area rough numbers for now. Resistance should be around 1.2590-12600 area IMHO. (/;->

SNP sometimes it goes your way and sometimes it does not. I really try not to get to emotional about it so I can make better decisions. I am just glad it is going my way this time. BTW my dsl provider decides to do the maintenance around Europe time and they don’t give me any warning before messing with the connections. I am glad it does not take to long to get it back up again lol.

Dallas GEP 09:31 GMT February 26, 2004 Reply   
This 2nd bounce off 1.2430 area was weaker. PATIENCE!!!! 1.2430 should break third time around.

LAX-LGB SNP 09:25 GMT February 26, 2004 Reply   
GEPster - all's well that ends well ... you're the eurostar now

OMIL - having fun yet ? despite freakishly strong winds & a rainstorm leading to unreliable connectivity, i am !

hk ab 0.66 09:23 GMT February 26, 2004 Reply   
I would only add long usd position if this goose crack 1.35

Barcelona JP 09:22 GMT February 26, 2004 Reply   
Shorted eur/usd @ 1,2484.

Target: 1,2350

Wellington am 09:22 GMT February 26, 2004 Reply   
Amstelveen UA
Hold - might print 111.50. Short term trend only. Take care.

Dallas GEP 09:21 GMT February 26, 2004 Reply   
UA It means price shpuld go to 110.00. I would put a STOP @ 109.21 , You know how to do that???

NOTE: If you are wanting to LONG Eur/USD WAIT to see if 1.2430 area breaks FIRST. This is VERY bearish right now on EUR/USD to say the least OF course I think it will short AT LEAST to 1.2400.

hk ab 0.66 09:18 GMT February 26, 2004 Reply   
nt// just took a look at eurjpy....

think it's time to rip it!

entered first one at 136.30.

Amstelveen UA 09:16 GMT February 26, 2004 Reply   
Hi dallas - Deva, I buy USD / JPY at 108.38 now its 109.57. Do you mean at 110 it will start going down? Or should I close now.

Melb mpfx 09:16 GMT February 26, 2004 Reply   
fwiw// eur/usd needs to hold 1.2410, below that next stop is 1.2330 imho..........gt

Dallas GEP 09:16 GMT February 26, 2004 Reply   
1.2427 printed NEW LOW printed

hk ab 0.66 09:15 GMT February 26, 2004 Reply   
Go go go dlr/jpy!

eur/gbp great short opp.

PAR 09:13 GMT February 26, 2004 Reply   
Expecting substantial rise in UK consumer confidence aided by higher rates on saving accounts and lower taxes.

hk ab 0.66 09:13 GMT February 26, 2004 Reply   
nt/// exactly.

Tallinn viies 09:11 GMT February 26, 2004 Reply   
fwiw
MMS: [FRENCH PM RAFFARIN] is throwing his chips in with German Chanc Schroeder, saying that he backs the call for an ECB rate cut. He makes the argument that FX rates are not in line with economic reality, and furthermore that the EUR-DLR rate is not good for either Europe or the US. Meanwhile, Raffarin sounds more positive on growth, arguing that GDP this year could surpass the 1.7% govt target - this is in line with comments from BdF Gov Noyer yest. The deficit will be under 3% of GDP by 2005, and in addition, state asset sales will continue (particularly non essential real estate).

Dallas GEP 09:10 GMT February 26, 2004 Reply   
UA, 110.00 is the take Profit on that suggetsed USD/JPY long so it's saying BUY usd/jpy now with 110.00 Take Profit OK???

Leva anka 09:10 GMT February 26, 2004 Reply   
Amstel... I think the sugestion is, go long usdjpy at this level, take profits at 110

Dallas GEP 09:09 GMT February 26, 2004 Reply   
More shorts added @ 1.2449

hong kong nt 09:08 GMT February 26, 2004 Reply   
ab -- if you consider expectation of widening rate differential, downward pressure of eur/aud could be large...

Nottingham 09:08 GMT February 26, 2004 Reply   
hk ab 0.66 09:04 GMT

fwiw I have possibility of euraud sub 1.60...likelyhood not great, certainly not for this week, but a possibility nonetheless...gl gt

hk ab 0.66 09:07 GMT February 26, 2004 Reply   
jf, according to your suggestion, I Think I will exit the dlr/jpy long from 108.05 on the first attempt @110.

hk ab 0.66 09:04 GMT February 26, 2004 Reply   
nt// I have downside bias on eur/aud let's see.

impt thing is that bottom floor doesn't fall apart.

Amstelveen UA 08:59 GMT February 26, 2004 Reply   
Could anybody tell me what the following means: long USDJPY, take 110.00.

I am new to this. Appreciate the response.

Jakarta JacK 08:58 GMT February 26, 2004 Reply   
Wow, eur/usd rebound to 1.2448 and gbp/usd rebound to 1.8654.

SA getFX 08:57 GMT February 26, 2004 Reply   
Euro is on Sep 03 T/L support... My indicator says down, nevertheless. Lets see!

hong kong nt 08:57 GMT February 26, 2004 Reply   
HKG SK 06:36 GMT -- please watch EURJPY and GBPJPY for more clues, rebound of dollar shall continue...

Nottingham 08:53 GMT February 26, 2004 Reply   
Euro...not sure we've seen enough above 1.25 to make this break below 1.2450 sustainable today...its borderline

Chicago YM 08:53 GMT February 26, 2004 Reply   
let us hope so

Dallas GEP 08:52 GMT February 26, 2004 Reply   
Should bounce SHORT again from 1,2450/55 area

hong kong nt 08:51 GMT February 26, 2004 Reply   
indonesia bahari2003 06:31 GMT -- expect mar future rebound to 13650/00 before another round of sell off, imho...

Dallas GEP 08:50 GMT February 26, 2004 Reply   
1,2380 target on Euro Shorts

Dallas GEP 08:50 GMT February 26, 2004 Reply   
1.2479 STOP now

Dallas GEP 08:46 GMT February 26, 2004 Reply   
Trailing stop on Euro Shorts @ 1.2469

Ldn 08:41 GMT February 26, 2004 Reply   
EUR/USD: 1.2450 Barrier gone

hong kong nt 08:39 GMT February 26, 2004 Reply   
ab-- euraud range 1.61-1.65, upside bias, agree?

Miami OMIL 08:35 GMT February 26, 2004 Reply   
This may be some stop hunting to shake out the longs and option barrier around 1.2450-20 area IMHO. (/;->

melbourne 08:21 GMT February 26, 2004 Reply   
fortunes are being absorbed by this 1.25 line here
watch for a fast reversal when papa bear decide to back off & reload from higher grounds

Nottingham Daniel 08:21 GMT February 26, 2004 Reply   
Indonesia Solo raden_masandi

I would agree with you on the GBP$ but we will have a little bounce on the way down! good pip raiders

Ldn 08:20 GMT February 26, 2004 Reply   
Anyone selling the AUD /USD now

Indonesia Solo raden_masandi 08:19 GMT February 26, 2004 Reply   
maybe gbp/usd and eur/usd get big selling emotion.
CU.....

Ldn 08:19 GMT February 26, 2004 Reply   
HK ab was looking at the same trade got to see how things eventuate next week ok tks

Ldn 08:18 GMT February 26, 2004 Reply   
The dollar appears unlikely to give back its recent gains Thursday as fears of a European Central Bank rate cut next month continue to cap the euro.

Investors are reluctant to buy the European common currency as they reassess their view on the ECB following a mix of weaker-than-expected economic data for the euro zone and growing political pressure for a rate cut.

For more than a year now, market players have made easy money by profiting from borrowing the dollar cheaply, at 1%, to buy euros or euro bonds and earn an interest rate of at least 2%. But now this strategy is looking less attractive.
rts

Indonesia Solo raden_masandi 08:18 GMT February 26, 2004 Reply   
also eur/usd.
I feel 1.2368 is bottom.
maybe right.
sell!!!

hk ab 0.66 08:15 GMT February 26, 2004 Reply   
Ldn 07:46 GMT February 26, 2004
HK ab , are you looking for the Euro to weaken against the Ausssie and if so what level are you aiming for ? thanks

Ldn, to let you know the truth, I don't have a strong belief in this yet but based on the funnymentals, seems the break of long term floor is like.

So, my bet is slightly biased to downside.

Indonesia Solo raden_masandi 08:15 GMT February 26, 2004 Reply   
good evening friends !!
ABOUT GBP/USD
my position is sell to get 1.8428
my forcast machine say that number.
Maybe I will right . :-)

Wellington am 08:15 GMT February 26, 2004 Reply   
long USDJPY, take 110.00.

Nottingham Daniel 07:59 GMT February 26, 2004 Reply   
Thought I may share this with you from:

Deutsche Bank Forex Outlook for Today

Dollar bears see their hopes dashed –

EUR USD (1.2500) By the end of yesterday’s NY session, the euro had
given back all of the (puzzling) gains of the previous day. This time, at least, market commentators had a ready argument on hand – interest rate differentials. Alan Greenspan was again the catalyst for speculation on the timing of a hike in US rates. However, traders have had a belly-full of ‘considerable period’ and ‘Fed can be patient’. Those who want to take a punt on the US rates have probably done so already; knee-jerk reactions by daytraders rarely produce 200-pip price moves. A new factor was the loud murmur that the ECB might actually cut its rates. However, this suggestion did not come from the ECB, but from political sources that have long complained about the euro’ strength and the need for the central bank to do something.

On the way down, the euro paused at our first support. But, after a 40-pip bounce, even this was pushed aside. We warned about flimsy support below this 1.2595 level, therefore, it was not surprising to see the single-currency fall like a stone thereafter to a 1.2475 low. The only good support on the nearterm horizon is around the year’s 1.2330 low; this is where medium-term players will no doubt build their euro positions to full strength. Thus, below 1.2310/15, some may grab for the emergency brake. On the upside, any rebound will be severely hampered at 1.2595/05. With this as the upside limit, a scenario, within which the dip-buyers

MONACO OGA 07:51 GMT February 26, 2004 Reply   
FX UPDATE 26/02
Good morning,

***EUR***
EUR/USD (currently 1,2490), 200 pips lower than yesterday's opening. The pair stalled at 1,2700 yesterday before some speculations of a ECB rate cut for next week (fuelled by Mr SCHROEDER's declaration in favour of such a move) sent the pair below 1,2620 support, then 1,2500. Closing in NY was around 1,2500. Overnight the pair hovered in a tight range (1,2480-1,2510). We have been witnessing some back and forth moves exagerated by some obvious lack of liquidy in the recent trading sessions.Technically, EUR's strong support lies at 1,2350-1,2450 but somehow we feel that the numerous stops placed below need to be triggered so we do not exclude some sub 1,2300 printing in the coming sessions. The market is looking set to oscillate around 1,2600 (1,20-1,30 at large) for some time. Technical analysis and chart patterns make us reconsider our bullish stand that prevailed in the last months. Some daily closing below 1,2450 will send us a strong bearish signal.

Data out today:

US durable orders Jan expected 0,3% 13.30 GMT
US initial claims expected 344K 13.30 GMT
US new home sales Jan expected 1100K 15.00 GMT

Gold around 397,50 , with WTI March at 35,65.

***JPY***
USD/JPY (currently 109,00) taking advantage of USD strenght. Supports for the day at 108,60 then 108 while next resistance stands around 109,30. We are still neutral on the pair, there are still talks in the market of players caught short trying to cover their positions.
EUR/JPY (currently 136,20) was rejected at our 137,50 target and found support below 136..

***GBP***
Cable (currently 1,8740) broke support zone at 1,8850, triggering some stops down to 1,8700. Price action should be similar to EUR/USD although we believe some further expectations of rate hike in UK will support the GBP.
EURGBP (0,6660) broke 0,6700 support as we feared yesterday. the carry trade factor is weighting on the cross. Although strongly oversold, EUR/GBP could easily visit the 0,6530 zone where support should start showing up.
Have a nice day,

Olivier

Ldn 07:46 GMT February 26, 2004 Reply   
HK ab , are you looking for the Euro to weaken against the Ausssie and if so what level are you aiming for ? thanks

mex sjs 07:44 GMT February 26, 2004 Reply   
just longed usdchf here at 1.2604 s/l 1.2575 tgt 1.2660-90 area

Ldn 07:42 GMT February 26, 2004 Reply   
CNBC Europe Bob Parker talking at present saying there fund ha closed out all of their long Euro Positions and sees the Euro/Dlr rate for the next six months in a range of 115 - 128

London 07:41 GMT February 26, 2004 Reply   
Does anyone out there know if Warren Buffet has started buying back his USD yet ??

sarasota jf 07:40 GMT February 26, 2004 Reply   
today like yesterday asia is watching buy orders t/p from shorters yest so they playing from long side - europeans say nothign but sellers topside so if yesterday does same thing it goes lower - usdyen asian cbs all buying usdyen they want to sell out towards end of march - they believe nikkei willmove lower soon - but theres alot of selling on this big figure so its not going to be a one way move

Miami OMIL 07:32 GMT February 26, 2004 Reply   
Actually I should of said the trade I was talking about was for eur/usd and the range between 2565 and 2650 where ever it falls short I will sell, sorry. (/;->

sgp sp 07:30 GMT February 26, 2004 Reply   
hk ab, sorry, I am interested in the LONGS.....mistyped. I am afraid I am not good with day trades, don't have the temperament for it. In this game, Patience is the Name and I got lots of practice at it.....

Miami OMIL 07:28 GMT February 26, 2004 Reply   
FWIW locked in profits at 1.2485 and will reload the sell at around 1.2590-95 or 1.2650-40 if seen and everything looks good for a short IMHO. (/;-> GL GT

hk ab 0.66 07:26 GMT February 26, 2004 Reply   
sp// my view on this is to better play the m/t long on aud/nzd at the moment but I will pay attention to the indicator and the rate movement carefully before this accumulation.
Now flat.

Ldn Hat 07:24 GMT February 26, 2004 Reply   
ICT ML IMHO I am not sure but at the moment I feel that there is some more correction necessary therefore I am shorting GBP/USD at the moment but that entirely IMHO. Thanks

sgp sp 07:22 GMT February 26, 2004 Reply   
Hi hk ab,

I am interested in the aud/nzd shorts as well.......will be watching your posts.

gl & gt

Melbourne Qindex 07:19 GMT February 26, 2004 Reply   
EUR/USD : the mid-point reference of 1.2503 - 1.2529 is 1.2516.


Melbourne Qindex 23:19 GMT February 25, 2004
EUR/USD : The following 22-day cycle reference is governing the market movement for the time being.

... // 1.2321* - 1.2525* - 1.2529* // ...

After Expansion


... // 1.2321* - 1.2347 - 1.2399 - 1.2373 - 1.2425* - 1.2451 - 1.2477 - (1.2503) - 1.2529* // ...

hk ab 0.66 07:18 GMT February 26, 2004 Reply   
bet aud/nzd will enter my buying zone soon at 1.1-1.11

Miami OMIL 07:18 GMT February 26, 2004 Reply   
Tallinn viies first 38% retracement and first resistance level good spots to sell eur/usd although I would prefer to short at .12590-95 area if indicators agreed but some how I am not totally convinced with this eur/usd short. I will have to see how much this bounce takes away from the bearish move. The numbers I posted before still stand so will see what happens before the week is over.
How are you Hat, I hope everything is ok with you their mate. (/;->

ICT ML 07:16 GMT February 26, 2004 Reply   
Ldn Hat...nice work yesterday.......you not seeing 2.0000 anytime soon are you?....LOL

Ldn Hat 07:09 GMT February 26, 2004 Reply   
I have my yesterdays short in place will short more here at 1.8736 target 1.8680 stop for this trade at 1.8850 IMHO Thanks

hk ab 0.66 07:08 GMT February 26, 2004 Reply   
for nzd.

hk ab 0.66 07:08 GMT February 26, 2004 Reply   
bought another put option .69

hk ab 0.66 07:08 GMT February 26, 2004 Reply   
bought another put option .69

hk ab 0.66 06:54 GMT February 26, 2004 Reply   
nt, I suggest you to take a look at eur/aud.
The weekly chart is telling exaggerating move soon. but could play both ways. long term triangle break out.

Tallinn viies 06:49 GMT February 26, 2004 Reply   
good morning world!

euro is near strong support 1,2440/60 area. I guess lot of people planning to buy euros close to yesterdays lows. in at 1,2485 and stop at 1,2430 very common trading idea today. lets see how euro behaves. personally Im sq at the mom and would like to sell near 1,2560/1,2610 area

hk ab 0.66 06:40 GMT February 26, 2004 Reply   
nt, if I have guts, I would have long dlr/cad this morning at 1.3350 under.

feel a bit tired. and need to make good judgement on dlr/jpy now.

hk ab 0.66 06:38 GMT February 26, 2004 Reply   
nt, fine thanks.
Today I just want to hold the positions but do not want to add at the moment.
close the eur short from 1.2670, at 1.2508 on trail now sitting with 1.2730, 1.2745, 1.28 on trail.

HKG SK 06:36 GMT February 26, 2004 Reply   
nt

Good call yesterday about the $rebound day. What is your view for today and tomorrow??

indonesia bahari2003 06:31 GMT February 26, 2004 Reply   
hongkong nt- how's HSI today up to 13634, any chance to rise further?

hong kong nt 05:57 GMT February 26, 2004 Reply   
ab -- good afternoon, how's everything?...

mex sjs 05:51 GMT February 26, 2004 Reply   
i just shorted gbp here at 1.8752 s/l 1.8785 tgt yesterday's low....

hk ab 0.66 05:42 GMT February 26, 2004 Reply   
whoosh... the nzd... hahaha
hoax.

hk ab 0.66 05:42 GMT February 26, 2004 Reply   
whoosh... the nzd... hahaha
hoax.

indonesia bahari2003 05:11 GMT February 26, 2004 Reply   
philipines newtrader- raden been busy now
sell eur/usd for today IMO - 1.2545 is good price

Jakarta JacK 05:09 GMT February 26, 2004 Reply   
Hi, I'm a new comer. Will need help from you guys.
Need advice for opening position today. Thanks :-)

Philippines newtrader 05:07 GMT February 26, 2004 Reply   
hello there RADEN.....

whats your forcast in euro today?

lDLN 05:04 GMT February 26, 2004 Reply   
Dollar-bloc currencies to continue downward retracements over next few weeks, says Commonwealth Bank technical analyst John Gajewski. When AUD/USD drops through 0.7640 it should test 0.7530, perhaps 0.7400. When NZD/USD breaks 0.6760, should drop to 0.6525. USD/CAD should make one more challenge of 1.3600 before resuming its long-term decline, he says.REUTERS

Rye, NY et 04:42 GMT February 26, 2004 Reply   
Adjustments to open positions:
Long EUR/USD 1.2495;take 1.2550;SAR(2x)1.2440[cut 1.2475;take 1.2390]
Long AUD/USD .7730;cut;7675;take.7780
Short USD/CAD 1.3375;cut 1.3445;take 1.3300
Short USD/JPY 108.90;cut 109.60;take 108.35

FW CS 04:42 GMT February 26, 2004 Reply   
Euro
To add to my rising window candlestick analyses the first window or gap was made on 9/19/03 around 1.13 area and there were 2 attempts to fill that gap on 9/29/03 and one on 11/7/03. The 2nd window was made on 2/2/04 1.2453 to 1.2469 now todays future low/ There were 3 attempts made at that gap on 2/4, 2/20, and yesterday at 2/25/04. That needs to get filled and a close below that 1.2453 march futures to negate this rising window. Also got a weekly triangle line down around there. So 1.2453 important --note all march futures so won't show up in spot chart.

hk ab 0.66 04:27 GMT February 26, 2004 Reply   
Andy, I suggest not to touch eur on these few days.

However, eur/gbp looks clear.
Short around .67 and place stop above.

Kamensk Andy 04:25 GMT February 26, 2004 Reply   
1019.2 new record

ab - where would you suggest to add to eur shorts?

hk ab 0.66 04:24 GMT February 26, 2004 Reply   
geez, so bloody, 993.7.......
but will not take it anymore, too cruel.

beijing road 04:21 GMT February 26, 2004 Reply   
correction: I bet 1.29 is not the highest.

Sydney Ge11Ja 04:20 GMT February 26, 2004 Reply   
20.9 poor little fellow didnt stand a chance

beijing road 04:20 GMT February 26, 2004 Reply   
I do not have a clear view on EUR/USD bullish or bearish movement after its consolidation btw 1.23-1.29 level for weeks. Obviously, there are three possibilities: (1). break 1.29 out (2). further downside movement below 1.23, or (3). consolidate within 600pips again. As I said b4, as long as 1.23 is held, I bet 1.29 is the last high. For me, I will buy on dips until the mkt will prove me wrong.

Kamensk Andy 04:18 GMT February 26, 2004 Reply   
and one more pingu
http://www.garp.ru/fun/ysp2.html
and sorry for off again...

Chicago YM 04:17 GMT February 26, 2004 Reply   
745 the new high

Chicago YM 04:17 GMT February 26, 2004 Reply   
745 the new high

Melbourne Qindex 04:12 GMT February 26, 2004 Reply   
GBP/USD : Current Comment.  Register with [email protected] if you have no access to my page.

Sydney Ge11Ja 04:11 GMT February 26, 2004 Reply   
650.9 it was a bloodbath

Chicago YM 04:11 GMT February 26, 2004 Reply   
i got 596

Chicago YM 04:09 GMT February 26, 2004 Reply   
now that is mean. I like it though

Kamensk Andy 04:07 GMT February 26, 2004 Reply   
New pingu for all! http://yonkis.com/mediaflash/yeti_gore.htm
Sorry for off.
GL

SanFranciso tg 04:02 GMT February 26, 2004 Reply   
I have gone from relying on the news to having a feel for the mood. There are too many goals involved from an endless list of participants. I'm not always correct, but have found a general sense of the mood on a day to day basis gets it done, with an eye on what data is expected and if it is priced in or not by the time it comes out.

Generally not involved at this hour, good night/day folks.

Melbourne Qindex 04:01 GMT February 26, 2004 Reply   
USD/JPY : Current Comment.  Register with [email protected] if you have no access to my page.

Quito Valdez 03:45 GMT February 26, 2004 Reply   
Goldcoast//
I KNOW there are big boys in this forum who control 8 figures, maybe 9. And not just one. I wouldn't make a pimple on their afterburner. But when we're quoting newz, we're quoting newz. If -ALL- of those newz quotes by countries' officials who make policy and of those analysts (Citibank etcl) were actually wrong, what probability would U give that of happening?

I don't want to clout this forum with back and forth speculation of whether the newz was right, we'll just have to see. Originally I just wanted to present newz to answer some of the common garden variety questions this board's getting.

With all respects I gotta get some shut eye for an early rising tomorrow...unfortunately I have to go offline to do this...see ya later, hope you make out great. Valdez

melbourne 03:44 GMT February 26, 2004 Reply   
crystal clear state of the union address on the euro. close eye & sell the euro.
herbies take note

ICT ML 03:39 GMT February 26, 2004 Reply   
Nyc JK....SO TRUE......I should keep my mouth shut about that!!!!...LOL...anyway, Tg can handle it for us I am sure......

Gold Coast martin 03:39 GMT February 26, 2004 Reply   
To QUITO...point taken ...but how do you know there arent any big boys commenting in this forum?......

GA TJ 03:38 GMT February 26, 2004 Reply   
Gold Coast martin 03:29 GMT February 26, 2004

My bias tends to agree with QUITO long term. However the question that will be played in the near term is wether Euro will hit 1.2000 before 1.3000. On that issue I am very much confused.

GL to all.

GEP anytime you want to share your pip raiding logic or lack thereof with me, well you would have a very interested student. Never been able to do what you do. I am not too bad on the 0 to 5 day trades though.

Quito Valdez 03:37 GMT February 26, 2004 Reply   
Goldcoast//
http://www.forbes.com/newswire/2004/02/25/rtr1276116.html

Melbourne Qindex 03:36 GMT February 26, 2004 Reply   
AUD/USD : Current Comment.  Register with [email protected] if you have no access to my page.

Quito Valdez 03:36 GMT February 26, 2004 Reply   
Goldcoast Martin//
I can see where you interpreted my saying to go long but actually I was just paroting the big boys in their statements to various news media...quoted. I really don't know what to do in the short run as we're all just waiting. But one thing's for sure, people who know a LOT more than I do are saying what I quoted them as saying, copy/pasted right off the news page minutes ago. The underlieing problems in the USA won't go away quickly and that's what started the USD slide in the first place. And I think there is a can of rose colored paint out there that's washing over those internal and serious problems. So when the paint wears off you'll see the rust...and I really do think we'll see 1.30. Not much higher if at all but that's what I think based on the above, not hopes or fear. I don't pretent to have a crystal ball but...

Gold Coast martin 03:29 GMT February 26, 2004 Reply   
TO QUITO....reading your intrerpretation of data,what you are suggesting is to go long on the euro...in this current climate it will be like sailing on the titanic knowing that on a specific date it will hit an iceberg......but its your money....g/l g/t

Melbourne Qindex 03:28 GMT February 26, 2004 Reply   
USD/CHF : Current Comment.  Register with [email protected] if you have no access to my page.


KL KL 03:26 GMT February 26, 2004 Reply   
Anybody know why GPB is having such strength...while EUR, AUD moving like a dog. I don't understand the crosses and trade on each currency domestic strength and weakness. People from Britain ...can you tell me if inflation is getting up!!

indonesia bahari2003 03:16 GMT February 26, 2004 Reply   
eur/usd could push up as high 1.2545 IMO
does anyone trade nikke i future?

Quito Valdez 03:16 GMT February 26, 2004 Reply   
OK guys, there've been lots of ?s about basic newz items. Here's the latest newz:

...report that the ECB and the Bank of Japan would be worried if the euro/dollar rate topped $1.35, at which point the Japanese central bank could intervene with the ECB.

(my comment..we've never hit 1.30 lately so the ECB/Japan fellas aren't sweating it yet in the first place)

While the report helped to boost the dollar, some traders questioned the likelihood of joint action.

"On the whole, the ECB hasn't shown much concern about euro developments; it's main concern seems to lie in the currency's excess volatility," said Junya Tanase, global markets officer at JP Morgan Chase.

"Given this, the possibility of cooperative intervention from the central banks would seem pretty low if the euro continues to strengthen gradually."

(Did ya get that...)

Meanwhile, Japan's chief foreign exchange diplomat Zembai Mizoguchi declined on Thursday to comment on the report, adding that foreign exchange movements would progress favourably over the medium term.

(See, he's not sweating it either)

However, analysts said the dollar's rise was overdone and were skeptical the ECB would cut interest rates in March.

(..and see there...again ECB isn't sweating it..this fear driven market is nutz...has nothing 2 do with reality)

"It is an overshoot. It is a short-term reaction and the market is over-reacting to the rumors about the changes of the ECB policy," said Robert Sinche, global head of currency strategy at Citibank in New York.

(A-men) (Shalom)(Etc.)

"I don't think that the story that was out there actually implied at all that the ECB was ready to cut rates next week. We actually think it is a fairly low probability event," he added.

(OK fellas, put that in your corncob pipe and smoke it. If this market wants to hype with paranoia then it will just have to cool off when reality hits..and that reality I think will be a hackey path to 1.30+)

Valdez (the great Oz? or Ox?)

Melbourne Qindex 03:16 GMT February 26, 2004 Reply   
QC WC 02:55 GMT - I would prefer you to register with Jay. The first 2 weeks anyway.

SanFranciso tg 03:15 GMT February 26, 2004 Reply   
Oh Lord this is a great one ...
Juneau CAR 02:25 GMT February 26, 2004
"Robert Rubin, Congressional Budget office (CBO - said 2/3rds of the deficits were caused by lost revenue from the tax cuts on the rich!),"

CAR .. Do you have a clue Rubin was one of the pivitol leftist leaders who caused the USD to overheat, which in turn carried over to a recession, which was all part of a Clinton era leftist smoke and mirror economy that would have been a dud without a technological revolution that the left can take absolutely zero responsibility for? Not to mention the deals made with China to foster their currency peg and trade imbalance in favor of China, and the same with the EU leaders, mainly Germany and France at the cost of the US economy, the cost of US jobs, and ultimately the entire global economy?

Same leftist headline hype garbage coming from you programmed folks. Any idea John Kerry has twice the personal wealth of George Bush? I didn't think so.

The weak US dollar has helped the US economy, and although is presently hurting the EU economy while it adjusts from its overheated sabotage, will help the EU economy in the end as the leftist element causing all this instability is rooted out of office in Europe over time.

hk ab nzd 0.6 03:14 GMT February 26, 2004 Reply   
sp// hope u joined the wagon at .6681.

Global-View 03:12 GMT February 26, 2004 Reply   
From GVI:

Ldn Cashman 14:07 GMT March 31, 2004
Someone putting rumour round Greenspan had heart attack. Sounds iffy to me but Dollar under cosh

hk ab nzd 0.6 03:11 GMT February 26, 2004 Reply   
and dlr/jpy is the brother.

GENEVA FHR 03:10 GMT February 26, 2004 Reply   
rumors around that greenspan had a mild heart attack

GVI Jay 03:10 GMT February 26, 2004 Reply   
Disregard the wrong date and time. Server issue beign worked on.

OK SZ 03:08 GMT February 26, 2004 Reply   
can someone post the high for the euro this evening please

hk ab nzd 0.6 03:08 GMT February 26, 2004 Reply   
nt// actually I think dlrcad has made a good "lamp" over the last few days, fwiw.

Think the eur has one more day to go higher.....the most 1.26...

GA TJ 03:07 GMT February 26, 2004 Reply   
ML

Think I will take a small Short shot on Cable when the 14 Stoch turns down on the 30 min. Got no strong convistion so I think I will nickel and dime it for a while and hope to catch a good move.

nyc jk 03:04 GMT February 26, 2004 Reply   
hey ML, don't explain too much to Juneau CAR. if he and all his mates cancel their subscription to Time magazine and it goes out of business the rest of us won't be able to use the famous Time cover contrarian indicator!!

ICT ML 02:57 GMT February 26, 2004 Reply   
TJ...since I see .6300 area on eur/gbp in the future....the boat anchor could be real....I don't know yet what I think, other than gbp/jpy hit my first target of 205.50 trend line......if I get a revelation, I will share it with you...LOL

QC WC 02:55 GMT February 26, 2004 Reply   
Qindex, can we have your info re my 02:25 post? Thank you so much!

ICT ML 02:53 GMT February 26, 2004 Reply   
Juneau CAR 02:25
A)....you pop in here from time to time spouting leftist crap (imho)
B)...You then use censored TIme Magazine writers as an example of "Qualified , objective Economic sources"???......WHO believes in the Easter Bunny?.....

Get real man

GA TJ 02:52 GMT February 26, 2004 Reply   
ML

Any conviction on Cable and GBPJPY. For me this bounce, although early, is not looking very good if you are bullish these two pairs. Euro is acting like a 1000 pound anchor on a row boat. Starting to question my bias to the long side.

shanghai bc 02:50 GMT February 26, 2004 Reply   

On the present state of Eur/Usd arm-wrestling,the bears pushed it down from 1.29 to 1.2450 and relaxed a grip a bit which was used by the bulls to push it up to the neckline 1.27..And the bears are now pushing it down to 1.2450 again aiming for 1.2350 this time before waiting for more liquidity around that level..A possible bounce to 1.24-1.25 from there before the fall to 1.22 and a bounce from 1.22..And more correction towards 1.17-1.19 later before the bears release the grip in this round of correction..Only daily close above 1.27 will mean the bulls are overepowering the bears in this round of correction..Fwiw..

Melbourne Qindex 02:50 GMT February 26, 2004 Reply   
melbourne 02:49 GMT - I guess I am older than you.

melbourne 02:49 GMT February 26, 2004 Reply   
qindex is better looking then me

Melbourne Qindex 02:47 GMT February 26, 2004 Reply   
QC WC 02:45 GMT - Negative.

ICT ML 02:46 GMT February 26, 2004 Reply   
Hey RP, welcome back to the funhouse......lets all try to NOT give away any hard earned gains this year!!!!!!!

QC WC 02:45 GMT February 26, 2004 Reply   
Is Melbourne and Melbourne Qindex the same person posting?

Spotforex NY 02:45 GMT February 26, 2004 Reply   
re: US deficits...

I believe that the Clinton years were basically 'smoke and mirrors' when it came to the surpluses.....There never were any. Just good old gov't accounting and book entry journals...

George W. just made the world realize that the deficits were never gonna go away for the US. The world then 'hedged' their portfolios and moved away from Dollars. the euro benefited by default.

But both parties are knee deep in the Soc Security issue that The fed Chairman mentioned today.

I have never been a fan of Greenspan as I see him as the 'bubble master'....

The dollar weakness started out as a move from paper assets into real assets (Gold, homes...). Now the surge in homes sales (and values) thanks to 40 year lows in rates has propelled the US consumer.

The yearlong equity rally has the appearance that Greenspan continues to work his magic....but the debt levels of both the US consumer and Gov't will be the Achilles heel....

the TRUE test for the US is how the consumer will manage when (if ever) the interest rates start to climb again...

The US would love to see the other regions of the world (Europe/Japan) become the economic engine at some point...but those regions have many, many faults as well......

melbourne 02:41 GMT February 26, 2004 Reply   
USD/CHF 8 week cyclce
1.2323-> 1.2644-> 1.2425-> 1.2160

Caribbean! Rafe... 02:38 GMT February 26, 2004 Reply   
Caribbean! Rafe... 22:49 GMT February 25, 2004
Euro Pivots until major points taken out.

*major points*

** mid-points**

*1.2723*

**1.2611**

*1.2499*

** 1.2387**

*1.2276*

NEW YORK RP 02:35 GMT February 26, 2004 Reply   
hk ab 0.66 02:32
Ouch. Just breaking the ice. I did fairly well in short $ positions and gave a greta deal back with a poor trade in Eur/Gbp. Had to step a way for a bit after giving the market majority of $ made in beg. 03.
No need to worry I dont bite.
GL

Caribbean! Rafe... 02:32 GMT February 26, 2004 Reply   
GEP// now you can check your mail i got your address from Jay now and sent the e-mail there.

Thanks Jay

hk ab 0.66 02:32 GMT February 26, 2004 Reply   
NEW YORK RP 02:16 GMT February 26, 2004
Hello all. Just back from some time away from FX and must say alot has changed. This dollar crisis is brewing.
The dollar looks like it is correcting a bit before the next major advance to the 80 level on the USD index, then lower.
Daily swings will become more dramatic. Look at the last week and that will wet the appetites of what is here to stay for some time. We will see 5 figure moves in a day on the majors.
Corrections for the dollar over the short term have been shallow. That should say alot. The dollar shorts cause the swing but the follow through is limited because few are willing put on fresh longs with the US dollar. The knife is falling and it sure as heck is sharp. Any moves higher in the dollar should be used as entries on shorts. GL all.



Some routines which we have heard about for years? late comers make the most noise? JIMHO.

phils vl 02:32 GMT February 26, 2004 Reply   
very gud morning folks

Eur/Usd

phils vl 16:38 GMT February 24, 2004
eur/usd -- has to take out 1.2766 high to neutralise the bearish intraday new cycle low of 1.2450 v 1.2715. If it fails to take out 1.2766, will then give the heavy weight cmmls enough space to retest 1.2450 low..

Sticking my neck out again ... will break 1.2450 today and test 1.2335 ...if it gives ..well you know the rest... continue trading frm the short side...

Congrats to GEP who stuck with his conviction..its no bonehead shorts to me.. its the same heavy comml specs price action we have seen, nothing new... win some, loose some, but much more profitable on short side... see post abv.

back in late european sessn...good trades to all

QC WC 02:25 GMT February 26, 2004 Reply   
Qindex, what is the current expected trading range of USD/Chf in your weekly cycle? TIA

Juneau CAR 02:25 GMT February 26, 2004 Reply   
San Francisco tg, do you also believe in the easter bunny -lol?

Not one objective qualified economic person I have read substantiates any of your diatribe.


Robert Rubin, Congressional Budget office (CBO - said 2/3rds of the deficits were caused by lost revenue from the tax cuts on the rich!), Alan Sloan "Newsweek", Marth Quinn (TIME?), IMF, do I need to go on. I could for pages.

Alan Greenspan warns and warns about the twin deficits. He can't say too much because he is afraid of a complete melt down in the dollar.

For instance, find me one objective peron who will say removing tax's on dividends stimulated the economy. All they did was provide more tax cuts for the rich. Bush has made it his top priority to transfer as much wealth from the poor to the rich he possibly can.

And he is doing a censored fine job of it-lol!

NEW YORK RP 02:21 GMT February 26, 2004 Reply   
For those who like a quick read take a look at the most recent commentary from the well respected Guild boys.
www.guildinvestment.com

NEW YORK RP 02:16 GMT February 26, 2004 Reply   
Hello all. Just back from some time away from FX and must say alot has changed. This dollar crisis is brewing.
The dollar looks like it is correcting a bit before the next major advance to the 80 level on the USD index, then lower.
Daily swings will become more dramatic. Look at the last week and that will wet the appetites of what is here to stay for some time. We will see 5 figure moves in a day on the majors.
Corrections for the dollar over the short term have been shallow. That should say alot. The dollar shorts cause the swing but the follow through is limited because few are willing put on fresh longs with the US dollar. The knife is falling and it sure as heck is sharp. Any moves higher in the dollar should be used as entries on shorts. GL all.

Memphis Charles 01:44 GMT February 26, 2004 Reply   
Not really moving the market at the moment.

Ldn 01:42 GMT February 26, 2004 Reply   
Australian business capital expenditure plans for the future suggest the investment outlook is stalling amid concerns about the rising Australian dollar.

Ldn 01:39 GMT February 26, 2004 Reply   
Singapore Official: Ctrl Bks May "Intervene Heavily"

Asian central banks are expected to "intervene heavily" to slow the U.S. dollar's decline as the region's economies begin to grow again, a top Singapore official said Thursday.

The falling U.S. dollar is also a threat to Singapore's export-driven economy, which expanded by 1.1% in 2003 and is expected to grow 3.5%-5.5% this year, said Friedrich Wu, the chief economist at Singapore's Ministry of Trade & Industry.

"A sharp fall of the U.S. dollar under the downward pressure of the twin deficit" could pose a risk to Singapore's economic growth. "But Asian central banks are likely to intervene heavily to prevent this."

These are the first public comments from officials in Singapore on the U.S. dollar's decline and indications of a concerted Asian effort to stem the fall.
AP/reuters

Dallas GEP 01:37 GMT February 26, 2004 Reply   
Rafe, I asked Jay to send you my new email address. You must have old one

GA TJ 01:37 GMT February 26, 2004 Reply   
Has anyone heard rumors about BOJ and ECB becoming currency allies for for a two pronged intervention attack. Talk about currency wars heating up and becoming very interesting if that is true.

As far as my Cable and GBPJPY ideas go I am still fence sitting. Upon further review these can go either way. My long term daily stuff is still Up for both but the Euro is on the razors edge. So it becomes a question of which one carrys the other. BTW, I trade of the 30 minute chart in the direction of the Daily. Trades last anywhere from 3 minutes (that is when I really screw it up) to 3 or 4 days.

Here's to boredom waiting for something to happen.

Algarve Box 01:33 GMT February 26, 2004 Reply   
The Federal Reserve had no comment about this almost unprecedented event, nor did any of the news sources we follow (conventional or otherwise). We followed and reported the trend due to one straightforward fact: A shrinking money supply is the definition of deflation, plain & simple.

The silence of the mainstream press toward the story ended today, with an article from CBS MarketWatch. Yet now the news comes with a twist. The M3 measure of the money supply appeared to jump in January, strongly enough to completely retrace the late-2003 decline.

Published sources now say that January's rapid jump in M3 was not what is seemed, but was due instead to a change in accounting methods. By the usual standard, M3 in January hardly budged.

What's more, we have seen unpublished sources that suggest the central bank knows the account change was made in error, and that the Fed will restore the data according to the usual standard.

Melbourne Qindex 01:32 GMT February 26, 2004 Reply   
Melbourne Qindex 23:19 GMT February 25, 2004
EUR/USD : The following 22-day cycle reference is governing the market movement for the time being.

... // 1.2321* - 1.2425* - 1.2529* // ...

After Expansion


... // 1.2321* - 1.2347 - 1.2399 - 1.2373 - 1.2425* - 1.2451 - 1.2477 - (1.2503) - 1.2529* // ...

Melbourne Qindex 01:31 GMT February 26, 2004 Reply   
Melbourne Qindex 23:19 GMT February 25, 2004
EUR/USD : The following 22-day cycle reference is governing the market movement for the time being.

... // 1.2321* - 1.2525* - 1.2529* // ...

After Expansion


... // 1.2321* - 1.2347 - 1.2399 - 1.2373 - 1.2425* - 1.2451 - 1.2477 - (1.2503) - 1.2529* // ...

cb jc 01:26 GMT February 26, 2004 Reply   
i'm tired already!!!!!!!....

SF MRZ 01:23 GMT February 26, 2004 Reply   
1.2534 Eur/$ 38.2% retracement target. 1.2642 - 1.2474

stepping out for a workout.

Gen dk 01:19 GMT February 26, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Dallas GEP 01:19 GMT February 26, 2004 Reply   
MACD is sloping UPWARD on eur/usd. That is a bullish sign of course. 1.2570 to 1.2444 Bollinger Bands are prett wide!!!

Caribbean! Rafe... 01:19 GMT February 26, 2004 Reply   
parabolic sar almost hit on the 1hr chart just a few ticks away.

should turn up in a few minutes.

Gen dk 01:18 GMT February 26, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Caribbean! Rafe... 01:14 GMT February 26, 2004 Reply   
GEP//Check mail in about 2 mins.

Sydney Ge11Ja 01:14 GMT February 26, 2004 Reply   
a weird comment has just come out on the wire

Singapore official: central banks may "intervene heavily"

thats all it says, no source or background..... no mkt reaction

Dallas GEP 01:13 GMT February 26, 2004 Reply   
Thanks RAFE!!!

Caribbean! Rafe... 01:10 GMT February 26, 2004 Reply   
GEP// check your mail in about 3 minutes.

TIA.

Memphis Charles 01:09 GMT February 26, 2004 Reply   
You're a good egg GEP. I appreciate your views and your willingness to post your trades.

Caribbean! Rafe... 01:08 GMT February 26, 2004 Reply   
No problem GEP, just draw horizontal lines at every other band, once you figure out the direction and somewhere along the line you'd see pullbacks going to any specific band where you can reload depending on the slope of the moves in question. or you can unload some of your lots at the point.

I posted pivot points earlier as well, you can easily mark them horizontally for easy reference wider timeframe and volatily.

GL.

Dallas GEP 01:03 GMT February 26, 2004 Reply   
On my 1.2514 euro shorts from earlier, I have a stop now @ 1.2534, TP is open.

LAX-LGB SNP 01:01 GMT February 26, 2004 Reply   
OMIL - its a matter of time before eurusd & usdchf break out of their 4 cent ranges - maybe the ides of march will shake it out

selling gbpjpy as long as 204.5x holds - hope to see 202s soon

Melbourne Qindex 01:00 GMT February 26, 2004 Reply   
Alicante RTN 23:36 GMT February 25, 2004
Melbourne Qindex 23:28 GMT February 25, 2004

I may be semi-senile, but I can't recall eurusd around 1.18 level last monday??? Did I miss something?

EUR/USD : Bascially I was referring to a time frame that most viewers are not interested in.

... // 1.1191* - 1.1575* - 1.1959* - 1.2343* - 1.2727* - 1.3111* - 1.3495* // ...

Dallas GEP 00:59 GMT February 26, 2004 Reply   
Thanks for the bands RAFE!! Those will be very useful!!!

melbourne 00:57 GMT February 26, 2004 Reply   
Sydney, like it or not it's fx discrmination. the color of money
if this ping pong match continue, everyone will be calling for 1.28 again soon

Dallas GEP 00:57 GMT February 26, 2004 Reply   
1,2560 YES RE: stops on Eur/USD

Dallas GEP 00:55 GMT February 26, 2004 Reply   
YES thanks for the correction!!!

Caribbean! Rafe... 00:55 GMT February 26, 2004 Reply   
EUR/USD UPPER BANDS 1.2513 1.2528 1.2546 1.2561 1.2575 1.2594 1.2623
LOWER BANDS 1.2483 1.2469 1.2450 1.2436 1.2421 1.2403 1.2373

Algarve Box 00:54 GMT February 26, 2004 Reply   
Sydney Ge11Ja 00:49 GMT February 26, 2004
Depends. Normaly the interpretation had several components; for example: our politic oppinion, our present position in the markets. Depends ;)

Chicago YM 00:54 GMT February 26, 2004 Reply   
do you mean stops above 2560 gep?

Dallas GEP 00:53 GMT February 26, 2004 Reply   
No worries guys and gals, all I need to get is a saddle for my back so it will be easier for some to ride my assss!!! LOL

Seriously though, ultimately; it doesn't bother me at all.

On currency note: If we see 1.2520 again and charts support it I will take some more short on this Euro deal with stops above 1.2660.

ldn 00:50 GMT February 26, 2004 Reply   
Australian New Capex Below Expectations

Sydney Ge11Ja 00:49 GMT February 26, 2004 Reply   
Mizoguchi has just declined to comment on report BOJ, ECB mulling joint intervention

isnt that an admission they are considering it?

Sydney Ge11Ja 00:44 GMT February 26, 2004 Reply   
After 20 years in this business one thing never ceases to amaze me, how can one centre have a 2big figure move and then the next centre just stop?

Singapore Pilot 00:38 GMT February 26, 2004 Reply   
Japanese banks and US inv hse buying dlr yen this morning from 108.90 95 lvl...causing it to blip to 109.18... strategy still buy on dips despite strong offers at 109.50 .... supp 108.80 and 108.50 .. stay long dudes...been saying this since 105.50

Ldn 00:35 GMT February 26, 2004 Reply   
Australian 4Q New Capex +2.0% Vs +2.2% Consensus

Spr NoodyG 00:34 GMT February 26, 2004 Reply   
Stay on GEP

SanFranciso tg 00:34 GMT February 26, 2004 Reply   
Of course this is not to mention that the current deficits compared to current GDP are factually less on a percent basis compared to prior deficits. Not the headline "sky is falling" hype though is it?

SanFranciso tg 00:32 GMT February 26, 2004 Reply   
Dublin CK - Bush Budgets unrealistic ? What tooth fairy economic propoganda are you subscribing to?
Must I completely fill this page (and I can) with the record setting economic achievements seen in the last 2 years in the US under Bush, in the face of total disaster which began before he took office ?
US financial officials agree the U.S. current account deficit -- the broadest measure of U.S. transactions with the rest of the world -- is not a problem, rather a symptom of slow growth abroad and the appeal of the U.S. economy for investors from other countries.

The adjustment of the US Dollar, or rebalancing may be more accurate, is one of many available measures to cut in half, if not completely omit the deficit.

The current US economic team has put on a stellar performance in the face of unparalleled disaster. The US economy and corporate sectors needed some shots of adrelaline in real form, that unfortanately included a hard pill of large spending which simply had to be swallowed.

Now Gspan recommends spending cuts, continued lowering of taxes, continued low US currency rate to rebalance the pathetic overheated economy killing value seen under the prior liberal clinton administration in the late 90's, but with an eye closer to increasing rates down the road when the benefits of the low rates begin to lose effect. Premature inflation through prematurely hiking rates has been avoided, which would have sunk the economy after the 911 shock. All I've read in liberal circles for three years is an urgency to increase interest rates .. a sure way to kill the economy and a way to blame Bush for their remedy.

Deflation avoided, double dip recession avoided, terror smashed, stagflation acceptable temporarily.

Rebalancing of spending and rates to ensue in well timed management form. Unfortunately there will still be economic hangover from the recession which technically began before Bush took office and the 911 shock which compounded the devestation of the economy, and certainly the lingering effects will be aimed wrongfully at Gspan and/or Bush by political opponents.

The deficit is reparable, even with slashed taxing.

Job well done, can't be perfect.

Ldn 00:29 GMT February 26, 2004 Reply   
Dallas GEP this forum would be a sorry place without you , I sure would miss you ,Ignore the #@*& , I am sure you do anyway.

Ldn 00:26 GMT February 26, 2004 Reply   
Dublin CK thats what make people like Soros and Buffet the rich men they are, getting in on the trend before its actually got hold and why whispers such as Martin just posted and Qindex and BC are so valuable think its a matter of keeping your ears and eyes open for something that is not clear to the crowd e.g. murmers lately that interest rates cannt stay low for ever an increasing question by many analysts also Greenspans double talk (read between the lines) "I am warning you all but not telling you !! ""

Melbourne Qindex 00:22 GMT February 26, 2004 Reply   
EUR/USD : Current Comment.  Register with [email protected] if you have no access to my page.

Dallas GEP 00:22 GMT February 26, 2004 Reply   
Thank you my NOODYG girl!!! "One could never know the thrill of victory without the occassional taste of defeat!!"

Miami OMIL 00:21 GMT February 26, 2004 Reply   
Geesss they are still picking on GEP. Ok folks I checked in the calendar and it is definitely not bash on GEP week so I think it is a good idea to keep bashing the little penguin instead lol. GEP your short on eur/usd was not a bad move remember I also have a short and we are probably joined by a lot of people right now and more are to come for sure buddy.

SNP it is turning around for the dollar bulls but I will be more convinced when the 1.2350-30 bottom is taken out. (/;-> GL GT

Dublin CK 00:13 GMT February 26, 2004 Reply   
I have notice over the last two weeks, especially since last tuesday/wednesday, sentiment has changed from weaker dollar punching 1.30 barrier to stronger dollar.

Last friday saw a run for the proverbially door, with the last one out to make sure the Cat was out also.

There are still massive twin deficits, bush budgets are unrealistic, companys have lapped up tax cuts to stream line, downtrend and outsource. And Bob the former factory line worker from Nojobsville Idaho (no bad feelings towards Idaho :-) still has no job, with his skill set being redundant. Not forgetting David Blunkett in the UK announced tonight that a terrorist attack is Imminent.

General sentiment in this forum was correct in predicting a reversal from 1.2896 high printed a month ago, they were also correct that that level would be revisited at 1.2926.

My real question is? What has changed to cause a minor seismic shift in sentiment?

As indicators go, forum chatter and noise is actually quite good.

Rgds,

CK


Gold Coast martin 00:11 GMT February 26, 2004 Reply   
as previously posted euro on course down to 12420 range and aud down to 7580 range...rumour of decrease in uridashi issuance still strong and will have significant downward impact on aud

Spr NoodyG 00:00 GMT February 26, 2004 Reply   
GEP kisses your way u win some u lose some

 




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