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Forex Forum Archive for 04/20/2004

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Normandy Nick 23:59 GMT April 20, 2004 Reply   
Ready to short pound at 00:01 GMT if under 1.7825 for 1.77 , square at 1.79, stop 1.7920 GT/GL

Dallas GEP 23:57 GMT April 20, 2004 Reply   
Basically Atlanta you should get out at BE IMO

Brisbane L 23:56 GMT April 20, 2004 Reply   
shanghai bc hi BC notice talk this morning that US funds were buying Aud around 73 can you see any retracement today on it - or any view appreciated thanks

Dallas GEP 23:55 GMT April 20, 2004 Reply   
Atlanta, 1.1865 are 38% percent retarcements from today's low so technically THAT is a good SHORTING level. You short see your entry again but not much more IMO

shanghai bc 23:53 GMT April 20, 2004 Reply   

If past is any guide,Eur/usd is likely to get some support in 1.1750-1.1800 region and bounce back again to 1.1950+ region ..These folks trading Eur/Usd are such gentlemen that any fast or panic move does not seem to be their style..fwiw..

atlanta 23:52 GMT April 20, 2004 Reply   
I entered EUR/USD long @ 1.1856. Was this a good point to enter this pair? Thoughts from anyone please.

Normandy Nick 23:52 GMT April 20, 2004 Reply   
cairo fa 23:43 GMT April 20, 2004
I think we should also take into account that euro did a new low since a long time and this could "inspire" sterling. What we see right now looks exactly the same than last thuesday. Mister Market will tell .....

Melbourne Qindex 23:47 GMT April 20, 2004 Reply   
GBP/USD : Current Comment.  Register with [email protected] if you have no access to my page.


manila stoked 23:45 GMT April 20, 2004 Reply   
stockholm za
it seems to me that the entire Eur/usd bull run from 0.8xxx to 1.29xx has already generated a 5 wave run, and it has been in an A-B-C pattern of correction since the peak. i had initialy thought that this correction would be a temporary setback for the a target of at least 1.35xx in the long run. however, my hopes have been fading since wave C surpassed the low of wave A. moreover, this whole possible interest rate rise shebang is suggesting a long term trend reversal. just wondering if anyone else is sharing this point of view.

nyc sa 23:45 GMT April 20, 2004 Reply   
thnx Lee and dfx for the info .eom

houston ken 23:44 GMT April 20, 2004 Reply   
like to short cad soon anybody?

Miami OMIL (/;-> 23:44 GMT April 20, 2004 Reply   
Eur/usd has hit a low of 1.1819 for today I will move stops again to lock in profits on my intraday position. As I posted before this levels still stand with the T/L (1.1810-1795) that Oil man was talking about as support for the time being.
Miami OMIL (/;-> 23:21 GMT April 13, 2004
I see next target for eur/usd as 1.1850-60 area and that is were I will unload all my short positions but before we get to that point there has to be some kind of bounce here for a healthy short to continue. Key support area is coming at 1.1880-40 were the fibo and 250 dsma are around. Further down we have 1.1740-50 and 1.1580-90 but I will take it one step at a time. Anything is possible but some things are unlikely to happen that is the way I see things IMHO. GL GT

cairo fa 23:43 GMT April 20, 2004 Reply   
normandy ... thanks ,,,,,,i think greenspan speach made these prices , we habe to see the high of the day before the downtrend resumes , the gigh will be within 1.7875 i think,,,,,,,,,,

dc fxq 23:42 GMT April 20, 2004 Reply   
eurusd 1.1821 gbpusd 1.7817

Ga Lee 23:40 GMT April 20, 2004 Reply   
SA- 1.1905 & 1.7813 I do believe..lest I be mistaken, not an EBS feed fwiw..

LTN th 23:40 GMT April 20, 2004 Reply   
hk revdax 23:32// Can you elucidate? Is that the raw or interpreted MCI data which I understand may have opposite meanings.

Normandy Nick 23:37 GMT April 20, 2004 Reply   
cairo fa 23:27 GMT April 20, 2004
Just to moderate your judment, my system gives me the sign that the pound will get much much lower. An opening around 1.7820 would be fatal for this pair.The current price is the non return point. If we open above 1.7840 then a return around 1.79 is likely to happen. The daily chart shows a full black candlestick that translates that the market interpreted the words of Greenspan as a sell signal.( not the truth, just what I think!)

nyc sa 23:35 GMT April 20, 2004 Reply   
could someone please tell me me what was the low on euro and cable so far ? thnx.

Stockholm za 23:32 GMT April 20, 2004 Reply   
manila stoked ......fwiw .... i am allergic to EW However - Yes , i will like U to - tell me about it :)
----- gl/gt

hk revdax 23:32 GMT April 20, 2004 Reply   
FWIIW, the Macau indicator is registering an unusual bullish sentiment of $...

cairo fa 23:27 GMT April 20, 2004 Reply   
i'm long with GBP from 1.7830 i think we will see 1.7875 within the next 2 hours...... what do you think fox?

wisconsin tim 23:22 GMT April 20, 2004 Reply   
wondering if anyone is thinking of selling $ right before greenspan speech with some tight stops.

just reminds me of buy rumor/anticipation and sell the news

shanghai bc 23:21 GMT April 20, 2004 Reply   

To raise or not to raise before the fall,that is the question for Sir Alan..Once rate hikes starts in earnest sometime this autumn,if the past is any guide,Dollar will have more room to the upside given forced liquidations of all those leveraged positions into the cash..Fed's printing press may have some room to breathe as well before they all go into flames due to too much work..The prospect of less printing plus liquidations are what realy support Dollar bounces at present..Bond,Stox,Gold,houses are likely to be the first victims in that scenario while Dollar perversely rise ..All in all,Dollar dead cat bounce is likely to continue while the forced liquidations are going on and Fed's printing press gets less busy sometime down the road..Usd/Chf 1.35,here we come..Fwiw..

manila stoked 23:14 GMT April 20, 2004 Reply   
tell me about it :)

hk ab nzd 0.6 23:14 GMT April 20, 2004 Reply   
gold finally attacks 395 now!

Chicago Irish 23:11 GMT April 20, 2004 Reply   
Oh dear .....feeling seasick already

manila stoked 23:08 GMT April 20, 2004 Reply   
greetings to everyone. any EW chartists here? i seem to be seeing a final A-B-C correction in eur/usd and gbp/usd- this latest downmove being the last C wave. so, question is, if you agree with me that is, at what point will this correction end? moreover, is the bull run from 0.8xxx to 1.29xx for the eur/gbp the wave 1 of the much larger 5-wave scenario? thanks in advance.

dc fxq 23:02 GMT April 20, 2004 Reply   
USA Biscuit Boy 22:15 - no prob. I often use CAD if I feel uncomfortable with EUR or GBP. Also I "have" to hedge my Canada Pebsion Plan check! :) - lol

Oakland Daimyo 23:01 GMT April 20, 2004 Reply   
EUR/USD: 1.1838 is the 50% Fibo retracement of the 1.0761- 1.2926 rally. I'm expecting some modest support from this level now that 1.1850 has been knocked out. Operators seem to be satisfied w/ this accomplishment for the time being. Specs should be careful about initiating new shorts from this level. I'm still in Bear camp but think we have stalled for now. Tighten stops in case we see some type of short squeeze before next move lower. Please note: Still holding med-term positions for 1.1780, looking to add short positions there for next target (too far out to discuss for now- you guys might think I'm crazy) GT to all, be patient. Let the big boys fight it out for awhile.

hk ab nzd 0.6 23:00 GMT April 20, 2004 Reply   
fwiw, I have contra sell aud/nzd limit at 1.1690 waiting.

Normandy Nick 22:58 GMT April 20, 2004 Reply   
Ga Lee 22:56 GMT April 20, 2004
Thank you, that goes straight in my heart!

Normandy Nick 22:57 GMT April 20, 2004 Reply   
Ooops! the " confortable price ' for sellers is not 1.7940 but 1.7830! (what a start!). A good price to sell if we open below 1.7830 SORRY!

Ga Lee 22:56 GMT April 20, 2004 Reply   
A warm welcome to ya Nick..

Normandy Nick 22:53 GMT April 20, 2004 Reply   
Hello everyone,
I have just discovered this forum and I'm glad to share my views with others enventually.
It might seemed obvious but gbp/usd will be the victim of a deep wild sell off at the begining of the asian session if price manage to open below 1.7940 where it will be more confortable for sellers to do their job. A return aound 1.79 would be a golden occasion to sell but there are only a few chance for such a scenario. Actually, the actual chart looks like the one of last thuesday and then, a 200 pips fall should be a reality by the next 24 hours. that's not the truth, just what I think!

Melbourne Qindex 22:52 GMT April 20, 2004 Reply   
EUR/USD : The mid-point reference between 1.1686 and 1.1954 is 1.1820. The market rhythm of this 22-day cycle is represented by 134 pips. This particular cycle curve will expire on April 21.

Chicago Irish 22:51 GMT April 20, 2004 Reply   
Thanks Qindex.......

ICT ML 22:48 GMT April 20, 2004 Reply   
myself...I have been asking myself this..and it makes things clear to me......what reason is there to buy euros other than a disdain for the USD?....horrible economic performance compared to the rest of the world at the moment, and looking to get worse, which brings about a real need to lower rates, which brings the expected total return of a euro asset as a underperformer to say the least....there are much better USD alternatives for a total return than the euro, and I think this will become more obvious real soon....so I stay short euro.
Could I be wrong...sure....but euro is making new lows now, not new highs ;-)

Melbourne Qindex 22:47 GMT April 20, 2004 Reply   
Chicago Irish 22:44 GMT - Yes, in my 3-month projection profile. It is possible but unlikely to occur within this week.

Chicago Irish 22:44 GMT April 20, 2004 Reply   
Qindex:Any cycle number near the 1.1560 area?

Chicago Irish 22:43 GMT April 20, 2004 Reply   
SZ.....why do think we will see a nice bump from 1.1800?.....just curious,I see low to mid 1.17's myself...and thats at the minimum.

Melbourne Qindex 22:43 GMT April 20, 2004 Reply   
EUR/USD : We need to run more chort term cycle analyses on this pair and see the odds of reaching 1.1686 within this week.


Melbourne Qindex 10:10 GMT March 20, 2004
EUR/USD : Heading Towards 1.1686?


The distribution profile of my 22-day cycle (19/03) probability chart indicates that the market has a tendency to trade between 1.1686 - 1.2356. On the way to 1.1686 there are 3 major barrier, namely 1.2222, 1.2088 and 1.1954, for the market to tackle. Other cycle analyses will be used to closely monitor the situation.




OK SZ 22:37 GMT April 20, 2004 Reply   
I think we will see a nice bump from 118...that is where I am placing a buy order..we shall see..gl, gt all

Dublin CK 22:34 GMT April 20, 2004 Reply   
Minnesota Mark 22:30 GMT April 20, 2004

1.70 - 1.75

Thats when it becomes a bargain.

Melbourne Qindex 22:32 GMT April 20, 2004 Reply   
GBP/USD : The following is still a good reference in Asia session. I will run more analyses on this pair and post them in my page later today.

Melbourne Qindex 14:37 GMT April 20, 2004
GBP/USD : Monthly Cycle Quantized Levels

Set A : ... // 1.7833 - 1.7960 - 1.8087 // ...

Set B : ... // 1.7707 - 1.7897* - 1.8087 // ...

Minnesota Mark 22:30 GMT April 20, 2004 Reply   
GBP/USD - Ok you financial wizards where do people see the bottom. Nice suprise on waking up to see my GBP put from 18124 is doing quite well. Originally I was calling for a 17750 bottom, now I'm not sure it won't fall to 17550. Any thoughts would be most appreciated.

hk ab nzd 0.6 22:26 GMT April 20, 2004 Reply   
more selling but the temporary bottom is in place soon.

hk ab nzd 0.6 22:25 GMT April 20, 2004 Reply   
B B// I think some smarter group will stop bleeding.
Then wait for the "not so smart" group to stoploss, I will buy it back.

prague viktor 22:24 GMT April 20, 2004 Reply   
hk ab nzd 0.6:how do u think the reaction it will be more selling or more bying to the euro..

Jubail S 22:20 GMT April 20, 2004 Reply   
Better to be away .......too much loses

USA Biscuit Boy 22:17 GMT April 20, 2004 Reply   
So are you expecting asian accounts to come in a try prop it up ab? I agree a very crazy day but a welcome chnage in volatility from the past couple.

LTN th 22:16 GMT April 20, 2004 Reply   
Downhill all the way to 8000 in next qtr?

ny amc 22:15 GMT April 20, 2004 Reply   
Does anyone here agree that eur/chf looks like a good short here?

USA Biscuit Boy 22:15 GMT April 20, 2004 Reply   
Hey thanks for the heads up then dc!!! Ill look into it but I really have no experience with cad as of yet.

hk ab nzd 0.6 22:14 GMT April 20, 2004 Reply   
I think the move now we are seeing will scare all the grannies in hk and jap when they get up.

dc fxq 22:13 GMT April 20, 2004 Reply   
biscuit - stil while I do agree re your observation on EURUSD I have found it works well for my secondary pair of interest USDCAD.

Jubail S 22:13 GMT April 20, 2004 Reply   
Crazy week

USA Biscuit Boy 22:11 GMT April 20, 2004 Reply   
What do you mean ab?

hk ab nzd 0.6 22:11 GMT April 20, 2004 Reply   
what a day.

Stockholm za 22:11 GMT April 20, 2004 Reply   
fwiw.......This week’s drama –
EUR/USD: - failure to accept the ~1,2100-value line – defended by ema 21 & 233 with ema 34 closing in on the 233.
Ema 8 gave (a no touch) immediately rejected Ema 5.
All is being pull onto ema 377. With RSI 14 now at ~33,69
All in all we are going ↘ .
Happy trades to all ….

hk ab nzd 0.6 22:06 GMT April 20, 2004 Reply   
mkt chooses the thinnest hr to cook the eur..... not a good sign for dlr bulls....

a surprise ..

GVI john 21:03 GMT April 20, 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/$ 1.1865…$/yen 108.80
DJIA 10,315, -124 pts…NASDAQ 1,979, -42 pts
10-yr 4.46%, +9 bp’s
PERSONAL OPINIONS:
For a broad range of opening levels click on “GVI’s Market Tracker”:
CLICK HERE


See GVI for full text...



Indonesia Solo Raden Mas 21:03 GMT April 20, 2004 Reply   
Excuse me friends.. let me say "see you later". I must go home now.

Tallinn viies 20:58 GMT April 20, 2004 Reply   
ICT ML 18:29 GMT - no, have been square after stop was hit. wanted to short before NZ start but rate moved too much away from my expectation

Lorraine Aus 20:56 GMT April 20, 2004 Reply   
Indonesia Solo Raden Mas
Sorry for the misunderstanding :-)
So you feel we may get the rebound prior to another big drop Yes. cheers

Indonesia Solo Raden Mas 20:55 GMT April 20, 2004 Reply   
gbp/usd.. good for start.

Indonesia Solo Raden Mas 20:54 GMT April 20, 2004 Reply   
Brisbane.. I mean 0.7450 (not 1.xxxx)

Indonesia Solo Raden Mas 20:53 GMT April 20, 2004 Reply   
Brisbane L 20:42 GMT April 20, 2004
LOL.. we are in missunderstanding with my talking to dewan bandung.. I mean my Aussie is my daughter name and Dewan know that. :-)
about Aussie/usd : still safe for sell and seen price ideal start move down again from 1.7450 area (22 april 2004)

USA Biscuit Boy 20:47 GMT April 20, 2004 Reply   
dc fxq I only go by eur/usd sample as it accounts for the vast majority of the pairs traded. Other pairs such as usd/cad only a small fraction of clients trade and i feel isnt a large enough sample to use as a contra indicator. Without fail in a trending market the majority of clients are dead wrong on eur/usd.

Indonesia Solo Raden Mas 20:44 GMT April 20, 2004 Reply   
gbp/usd minimal target up is at 1.7895...from 5 minutes chart.. but only have time 45 minutes from now.

dc fxq 20:43 GMT April 20, 2004 Reply   
USA Biscuit Boy 20:38 - further to your comment on EURUSD , USDCAD shows an equally saignificant short position.

Brisbane L 20:42 GMT April 20, 2004 Reply   
Indonesia Solo Raden Mas
hi there, do you see a short rebound also in the sick Aud today in Asia . thanks

GER ad 20:41 GMT April 20, 2004 Reply   
EUR/USD,
out at 1.1859

prague viktor 20:39 GMT April 20, 2004 Reply   
Raden:Thanks

Indonesia Solo Raden Mas 20:38 GMT April 20, 2004 Reply   
my time range emotion indicator say like this :
for 5 minutes chart gbp/usd will get buying atack for 50 minutes. start from now when at 1.7856 area.
I want to see that ..if work. :-)

USA Biscuit Boy 20:38 GMT April 20, 2004 Reply   
Net eur/usd longs continually growing on the platform sample as the price heads south suggesting we are very far from a bottom. We must be getting close to some major stops in the market tho.

Dallas GEP 20:35 GMT April 20, 2004 Reply   
Well POUND got stopped @ 1.7865 (-35).

UAE oil man 20:34 GMT April 20, 2004 Reply   
Next target is the 2 years trend-line (as seen on my chart i posted some time ago.) at 1.1795-1.1810..trend started on the 2/20/2002 up to now..

Indonesia Solo Raden Mas 20:33 GMT April 20, 2004 Reply   
prague viktor 19:37 GMT April 20, 2004
gbp/usd now is on the risk for corection (move up)... is on the oversold condition.

prague viktor 20:30 GMT April 20, 2004 Reply   
Oil man: thanks G/L,G/T

UAE oil man 20:21 GMT April 20, 2004 Reply   
prague viktor 20:17 GMT April 20, 2004

Long 111.3 and short 103..So far nothing to get exited about but for sure get whipsawed so i pass the cards to other people.

UAE oil man 20:17 GMT April 20, 2004 Reply   
Jozi wits 20:02 GMT April 20, 2004

HI..you mean calling you short euro$ and long $ or long euro????...

prague viktor 20:17 GMT April 20, 2004 Reply   
Oil man :I will ride the wave my friend,and how do u see the yen..

uk wsp 20:17 GMT April 20, 2004 Reply   
any thoughts on the $/yen next move

Indonesia Solo Raden Mas 20:13 GMT April 20, 2004 Reply   
Bandung Dewan 19:56 GMT April 20, 2004
sorry Dewan..was off for several days.
too many job must be finished and my aussie was sick.

Quito Ecuador Valdez 20:08 GMT April 20, 2004 Reply   
Is anyone having probs with their platform constantly disconnecting this PM? If so, don't say which it is...against forum rulez...but the first two initials would help.

GER ad 20:06 GMT April 20, 2004 Reply   
Long EUR/USD at 1.1856 tight S/L

Miami OMIL (/;-> 20:04 GMT April 20, 2004 Reply   
Good point Oil Man, after all the speculation about where the market will go and when does not matter at this time. The best thing to do at this point is to move the stops to protect profit and ride it until it bucks you off. With that said my mid term number printed but I will leave my intraday position open to see how low we go.

Jozi wits 20:02 GMT April 20, 2004 Reply   
uae oilman.i really feel you there. makes a lot of sense to me the charts are calling us long in all fairness

USA Biscuit Boy 20:02 GMT April 20, 2004 Reply   
Balmain tough ask to sell USD now when Greenspan's real speech comes tomorrow imo.

UAE oil man 20:01 GMT April 20, 2004 Reply   
prague viktor 19:55 GMT April 20, 2004

Well my assessment off this situation is still the same as in december(the assumption of a much stronger $ is not from a chartist view however)...after 2 years time frame euro will make a new all time low (and i like .6550 number) however market does what it will..For all i wish in 2 years euro$ will be at 2...so ride waves and let the thinking&arguing for others.

Quito Ecuador Valdez 19:59 GMT April 20, 2004 Reply   
balmain, are you referring to an almost morning star 7 min ago on 1 min eur/usd chart?

Bandung Dewan 19:56 GMT April 20, 2004 Reply   
Hello Raden,
Its a long time not see you. Where r u in so many days? take a little rest?

Quito Ecuador Valdez 19:56 GMT April 20, 2004 Reply   
Plz explain your spike balmain :)

prague viktor 19:55 GMT April 20, 2004 Reply   
UAE oil man : after the 1,1375 is going to be 1,0767 or more thanks.G/L

Quito Ecuador Valdez 19:54 GMT April 20, 2004 Reply   
...what I think happened here was eur bulls got way too excited at anticipation of ECB data...the came, the saw, they went back to pasture. I really smell 1.820ish although bolinger says no.

balmain prop 19:54 GMT April 20, 2004 Reply   
spike seen .. buy euro

UAE oil man 19:49 GMT April 20, 2004 Reply   
The market-players are ready to find a bottom ..They looking at the descent and arguing with the move..euro can't go lower, the fundamentals are not in accord, this is not right..the fibo this...the elliot wave that..Me all i can say is I'll be stopped if it goes back up to 1.2235 (for now as my stops go down and follow the move from a far away point.) and be long if 1.2450 is seen.......If not stopped...Well next adding position is at 1.1375...

Ride the moves , follow the waves, whatever you say the market will move where it will..

Good luck.

ICT ML 19:48 GMT April 20, 2004 Reply   
amc...sure thing...I was expecting g to see it test .6600 today myself...but it is on the daily sma10 I think and it hasn't budged

ny amc 19:46 GMT April 20, 2004 Reply   
ict ml..........when you say not acting like you expected...can you explain a little if you dont mind...thanks

Quito Ecuador Valdez 19:44 GMT April 20, 2004 Reply   
drawing a line smack dab through the guts of the eur/usd 5 min 1day chart, it appears today's low might be 1.820 fwiw and for as primative as that sounds.

ICT ML 19:44 GMT April 20, 2004 Reply   
can anyone tell me who is on bid eur-gbp at .6535...official type or not?...only thing we have that is not performing as expecvted today

Dallas GEP 19:44 GMT April 20, 2004 Reply   
1.7865 now is stop on pound long

Miami OMIL (/;-> 19:44 GMT April 20, 2004 Reply   
Hello Raden Mas hope you are doing well.

Miami OMIL (/;-> 19:42 GMT April 20, 2004 Reply   
Eur/usd has reached 1.1871 a new low for today and time to lower the stops once more to capture more profits on shorts for today. I will have to do the fibo's again but I was really hoping my mid term position would see 1.1860 today might still have a shot at it IMHO. GL GT

clon glenn 19:38 GMT April 20, 2004 Reply   

Hi Raden - Nice to see you back

prague viktor 19:37 GMT April 20, 2004 Reply   
Indonesia Solo Raden Mas : hello Raden how do u see the gbp/usd ..thx

Dallas GEP 19:34 GMT April 20, 2004 Reply   
In long @ 1.7900 on pound

Indonesia Solo Raden Mas 19:30 GMT April 20, 2004 Reply   
hello.. all my friends here.
I miss you all :-)

Dallas GEP 19:29 GMT April 20, 2004 Reply   
Order for 1.7900 LONG on GBP stop @ 1.7875 and TP @ 1.7960

Quito Ecuador Valdez 19:23 GMT April 20, 2004 Reply   
More news sources:
the exact same Gpsan post below was also on the forum on forexnews.com actually where I saw it 1st:
HERE. I find forexnews a good resource.

balmain prop 19:16 GMT April 20, 2004 Reply   
market has largely priced in future US rate rise. With confirmation from greenspan there will be spike in usd, however no follow through. market will then range trade waiting for next focus. sell usd on any subsequent rallies today-tomorrow.

Quito Ecuador Valdez 19:13 GMT April 20, 2004 Reply   
Dolphin & others//I just cut/pasted that below from B loomberg dot com. Navigate thru it to glean the news type you want.
More from there:
Politicians including Schroeder have been urging the ECB to cut interest rates amid signs that an economic recovery in Germany and across the euro region is faltering. German investor confidence fell for a fourth straight month in April, according to a report from the ZEW economic research institute today. Axel Weber, a member of its panel of economic advisers, to succeed Ernst Welteke as Bundesbank president, a government official said.

sf mike 19:06 GMT April 20, 2004 Reply   
Close USDCHF now + 20, I lose on the pip rates, EUR was slightly higher.

Eilat Dolphin 19:02 GMT April 20, 2004 Reply   
Valdez/ Thanks. Some of us are stuch with CNBC who is selling hotel rooms, diamonds, bathrooms, wine, possibly brooms next...

sf mike 18:57 GMT April 20, 2004 Reply   
Closed EUR -18
Holding USDCHF with BE stop now at 1.3058

Quito Ecuador Valdez 18:53 GMT April 20, 2004 Reply   
evidently B loomberg aired it

Quito Ecuador Valdez 18:50 GMT April 20, 2004 Reply   
WASHINGTON (CBS.MW) -- The U.S. financial system is "strong and well positioned" to meet the challenges of higher interest rates, Federal Reserve Chairman Alan Greenspan said Tuesday. In testimony at the Senate Banking Committee, Greenspan said U.S. banks weathered the shocks of the past three years quite well, posting "high and often record quarterly earnings." Banks have adapted their portfolio of assets and their business plans to benefit from higher rates, he said. Greenspan made no comments on the strength of the U.S. economy as a whole or on monetary policy.

sf mike 18:47 GMT April 20, 2004 Reply   
I'm playing the volatility that I'm not getting. Both possies are steady.

Va Raven 18:46 GMT April 20, 2004 Reply   
Your SL in eur/usd would be easily hit before your TP in usd/chf touched and even worse is that a quick bounce initiated by eur/chf could touch your SL in usd/chf afterwards briefly or not.
Anyway, why are you prefering this arangement?

sf mike 18:42 GMT April 20, 2004 Reply   
I'll close both after 15 to 20 minutes.

sf mike 18:41 GMT April 20, 2004 Reply   
It was already done. So far I'm down 3 pips on the EUR side.

Quito Ecuador Valdez 18:41 GMT April 20, 2004 Reply   
no explosion..must have been a hoe-hummer. Most x-pertz don't see FED rate hike before 4th Q or at soonest late 3rdQ. Now it's just going back down before the ECB hype spike. What a nervous mkt!

Va Raven 18:40 GMT April 20, 2004 Reply   
sf mike 18:35 - I wouldn't do that trades if I were you.

Dublin Flip 18:36 GMT April 20, 2004 Reply   
The market will obviously wants to try and push euro lower (I think they are currently short awaiting some news) if the right rate hike noises come out in a couple of mins. I think everyone is awaiting for Sir Rip van Greenspan to tell them "rates are a snugging" either today or tomorrow. Given there has been good buying 1.1880/20 my guess is the buyers may go "under reference" for a little bit so it might be quick slippage but think they are still fairly interested in scooping some up. It would all change "with a comment" I kinda think we might get a quick noisy push under stops pressure to 1.1850 but I'm not getting too bearish from there now. Sorry for the non-commital dirge so I guess if nothing comes from Greenspan I think 1.1890/50 will suffice till london reopens)

sf mike 18:35 GMT April 20, 2004 Reply   
Here's the straddle both long side:

USDCHF, 1.3058, SL 1.3015, TP 1.3143
EURUSD, 1.1924. SL 1.1887, TP 1.2002

SPB Mike 18:34 GMT April 20, 2004 Reply   
Seems not much reaction...
Who Knows when Q-A starts?

Jubail S 18:29 GMT April 20, 2004 Reply   
Dallas GEP Hello
what's your thought about Greenspan's speech?
Thank you.

ICT ML 18:29 GMT April 20, 2004 Reply   
Viies....did you flip to short euro now? been away from the FF Free for all today

St. Louis SAJ 18:25 GMT April 20, 2004 Reply   
Soliciting suggestions here. Assume an existing position short EUR/USD via IMM futures, and also short May 117 puts expiring on May 7. Delta of present position is about +.60 FE, theta reducing same to about +.48, with theta increasing approx. 0.018 per day.

Clearly, risk in this position is to the downside on EUR. Question: Keeping in mind that this is intended to be a position trade, as opposed to a swing trade, where would a desirable level be to place a stop sell of 1 June future, presumably to keep delta less than 0.40 positive if and as EUR falls vs USD? Swap spread appears to be 18 pips at this time.

Am thinking about the 117.90-118.05 level basis futures for the stop. All commentary appreciated, TIA, and good trading to all!

ny amc 18:24 GMT April 20, 2004 Reply   
dublin..........what are your thoughts on eur/usd right here? thanks

Va Raven 18:24 GMT April 20, 2004 Reply   
What if 50 pips only enough to trigger the both stops, then back to square one? You will lose 100 pips.

Anyway, don't really understand what you are betting on, it's nt something like a 50-50 rates hike/cut, why the market would do a 100 pips move upon Gspan's scheduled talk at this time? Besides, teh more important talk is tomorrow as far as teh subject is concerned.
Just a quick thought.

Porto PJT 18:20 GMT April 20, 2004 Reply   
sf mike 18:18 , and if go only 50 pips each side?could be a non event too.gt.

Tallinn viies 18:19 GMT April 20, 2004 Reply   
seems that 1,1935/40 will be strong resistance tommorow...

sf mike 18:18 GMT April 20, 2004 Reply   
Anybody think we could get a 100 pip move after the speech. I'm thinking of straddle EURUSD and USDCHF with a stop of 50 pips on both side and target fo 100 pips. Ny net would be 50 pips of the winner. Comments? Please hurry, I only have 15 minutes to think.

GVI john 18:16 GMT April 20, 2004 Reply   
Remeber the forum rules do not permit personal attacks.
Thanks,
John

Miami OMIL (/;-> 18:12 GMT April 20, 2004 Reply   
Bill you might be a great trader but you choose not to share here only to comment on negative things and this forum should be about sharing ideas so in all fairness that may not be a bad idea IMO.

Quito Ecuador Valdez 18:10 GMT April 20, 2004 Reply   
ref: question about crosses...I want to read that reply too..post it please in help forum so it can be detailed to the max.

Wisconsin tim 18:08 GMT April 20, 2004 Reply   
quick question:

how do crosses traditionally trade: for example the eur/jpy
then we get strong USD data which brings eur/usd down and usd/jpy up. It seems just watching the last few days that it's tied to the usd/jpy

anyhow reference link would work in lieu of long winded answer

tia,

tim

Quito Ecuador Valdez 18:06 GMT April 20, 2004 Reply   
Greenspan had better come up with something quick to counteract this ECB spike...thanx btw for that info!! Glad I was using a demo platform..I had only limits...no s/l's while I went outside..lesson learned cheap.

OK SZ 18:04 GMT April 20, 2004 Reply   
I don't post much here but when I do I hope it helps others..some days when I see posts that are worthless and attacking others it makes me mad...I am off for now gl, gt to those who deserve it..

NYC Bill 18:03 GMT April 20, 2004 Reply   
OMIL, you are right sir. I may as well go back to that damp dark place of depression I live in. After all, it is too much being here in fictitious trading fantasyland.

Miami OMIL (/;-> 18:02 GMT April 20, 2004 Reply   
NYC D 17:57 GMT April 20, 2004
You are correct this unfortunately happens when some people have a bad day and comment here to get it out of their system. I will not take up more space with this nonsense either. I apologize if my comments have taken more room than necessary. GL GT

Dallas GEP 18:01 GMT April 20, 2004 Reply   
18:30

OK SZ 18:01 GMT April 20, 2004 Reply   
Bill, go and do something constructive..your nothing but a censored ant

Miami OMIL (/;-> 17:58 GMT April 20, 2004 Reply   
Bill I am sure you would not want to be in the sacrificial pedestal would you? Either way it takes little effort to bash on someone but it takes courage and effort to treat others, as you would like to be treated. As far as I can tell all you have contributed to this forum is hate comments and you are not very good at that either. GT

Quito Ecuador Valdez 17:58 GMT April 20, 2004 Reply   
sg jay 18:30 gmt

NYC D 17:57 GMT April 20, 2004 Reply   
I havent been here for a while, but i must say im really disappointed. you guys are really dropping the standard of this place. Grow up chaps this is not pre school. guys should try msn chatrooms. youd fir right in over there!!!

SG Jay 17:56 GMT April 20, 2004 Reply   
what time is greenspan speach ?

Wisconsin tim 17:56 GMT April 20, 2004 Reply   
Quito -> from: Houston ST 17:41 GMT April 20, 2004
Valdez,
DJ says spike coincides with ECB media reports of comments from ECB's Mersch.



Quito Ecuador Valdez 17:54 GMT April 20, 2004 Reply   
LAX lgb// I resemble that remark!

Back to the quesition..what caused the spike..news leak on Greenman?

Quito Ecuador Valdez 17:52 GMT April 20, 2004 Reply   
OK Jay, we've had our fun with this punk, delete time. And don't forget Valdez has seniority when giving money away..I still need that BMW roadster Z4 I've mentioned.

LAX-LGB SNP 17:52 GMT April 20, 2004 Reply   
Google says Jeff Mason is the editor of a comic strip website ... maybe he's looking for inspirational cariacatures here ! :-)

NYC Bill 17:52 GMT April 20, 2004 Reply   
Hey OMIL, are you his lover or something? Nice effort in the a++ sucking department.

Johannesburg ahg 17:49 GMT April 20, 2004 Reply   
How about forwarding sam from lagos adress to Jeff ?

Miami OMIL (/;-> 17:49 GMT April 20, 2004 Reply   
ZA I checked the calendar and it definitely was not bash on GEP week yet but we are getting there. This was just a warm up. Good thing GEP takes these things in stride with out much hassle. For those that have been here for a while now whatever you know or think you know GEP has been here for a while and deserves some respect no matter what style of trading he uses or what he does with it IMHO. GL GT

NYC Bill 17:49 GMT April 20, 2004 Reply   
Yes Irish. Hotmail much more reputable. I am longing some MSN as we speak.

LA ARTOFYEN 17:48 GMT April 20, 2004 Reply   
Oh yeah, you guys.....Ye of the promises as high as the Canadian Rockies and payouts as slow as Quebec maple syrup, eh?

London Misha 17:48 GMT April 20, 2004 Reply   
Could be data mining for legit email addresses as well!

Chicago Irish 17:46 GMT April 20, 2004 Reply   
Bill:....You want a hotmail one instead ? :-)

USA Biscuit Boy 17:46 GMT April 20, 2004 Reply   
They are not a firm Tim. Just a hack trying to get a trading system for free.

NYC Bill 17:45 GMT April 20, 2004 Reply   
So let me get this straight. Do you have like a real company email address instead of a YAHOO one?

Wisconsin tim 17:44 GMT April 20, 2004 Reply   
why would a reputable firm have use a @yahoo email

Quito Ecuador Valdez 17:44 GMT April 20, 2004 Reply   
Jeff Mason//
You've done a spendid job of putting a bushel of advertising crap right in the middle of a forex trading forum. Nice work, ace.

LAX-LGB SNP 17:43 GMT April 20, 2004 Reply   
haha
the tres evil Canadiens are back in action ... yahoo address indeed

Houston ST 17:41 GMT April 20, 2004 Reply   
Valdez,
DJ says spike coincides with ECB media reports of comments from ECB's Mersch.

Quito Ecuador Valdez 17:35 GMT April 20, 2004 Reply   
any idea on what the 25 pip spike was about?

LA SID 17:35 GMT April 20, 2004 Reply   
Speaking of drawing a number out of a straw hat, isn't that how Dallas comes up his trade ideas?

Stockholm za 17:31 GMT April 20, 2004 Reply   

Dallas GEP........ fwiw...
Every weekend they put a certain number of names in a hat and draw to see who will be the punch bag for the week when they get frustrated …
I am very sorry that it was your name that gotten drawn for this week…
Don’t let it get to you - the week is soon over…..
Happy trades & all the best to you ….

Stockholm za 17:10 GMT April 20, 2004 Reply   
fwiw......
EUR/USD At the moment = pivot.......
Happy trades

Va Raven 17:03 GMT April 20, 2004 Reply   
Subject to the angle you are viewing from, all views are different. From my angle, I view it has more room to fall till 1.17ish before a possible bounce.

nyc 16:59 GMT April 20, 2004 Reply   

[16:37 USD: Missing Tanker Truck Could Ignite Terror Fear's]
New York, April 20: Dow Jones is reporting that New Jersey officials are getting concerned over a missing gasoline tanker truck. They alerted the NJ Office of Counterterrorism and the FBI, as worries over another case of domestic terrorism are high on politicians worry list. There have been warnings over an attack using a tanker or other type of truck and in May 2002 such an attack that was seen in Tel Aviv, Israel. The Dollar may get a bit of legs on the rumor, coupled with the large short base currently in the market. Sellers in EUR/USD are seen at 1.1930/35, with stops above 1.1940. Only a move above the latter will leave the market worried over a false selloff in EUR/USD today. -- [email protected]

SG Jay 16:56 GMT April 20, 2004 Reply   
What are your views on euro ?

Va Raven 16:48 GMT April 20, 2004 Reply   
Good boy, Gep! You really scared me.....

Dallas GEP 16:48 GMT April 20, 2004 Reply   
BTW SID you and your GROUP, bring on all the negative comments you want, I could care less. Money is being made and that is what counts.

Dallas GEP 16:45 GMT April 20, 2004 Reply   
YES Sid I meant 1.5563.

Mtl JP 16:43 GMT April 20, 2004 Reply   
nh 16:21 /200sdma and last week's 1.1868 low battle lines now.

Calabash TarHeel 16:36 GMT April 20, 2004 Reply   
Miami OMIL (/;-> 16:12 GMT April 20, 2004

Agree with your numbers. Closed all USD longs this morning. Hoping to see opportunity to long USD again in the 1.1960-1.2000 verses Euro. Flat on all pairs now.

gl, gt

Houston ST 16:30 GMT April 20, 2004 Reply   
I thought maybe Dallas meant a little earlier in April. gl/gt.
:)

USA Biscuit Boy 16:29 GMT April 20, 2004 Reply   
Buying some aud/usd here for some value in the good old portfolio.

LA SID 16:27 GMT April 20, 2004 Reply   
Dallas, I know it's make bieleve and anything can happen in that world, but you meant 1.55 handle right? Or did it gap up there "earlier"?

Livingston nh 16:21 GMT April 20, 2004 Reply   
EUR/USD has been and still is below the 200 da sma (1.1924) - a close at this level or below would be the first since the Fall-winter rally

Dallas GEP 16:16 GMT April 20, 2004 Reply   
BTW, short @ 1.5663 from a little earlier on EUR?CHF. will add MORE if 1.5602 is seen.

Miami OMIL (/;-> 16:12 GMT April 20, 2004 Reply   
Nice move for the majors today giving chance for profit. Moved my stops once more for eur/usd. I don’t have a buy intraday signal for eur/usd but like BC said this may have been the low for the day. The support (1.1870-60), which looks like it will hold the move down for eur/usd would give us fibo retracement to 1.1955-60, 1.1975-80 and 1.2000-05. Resistance is around 1.1990-2000 and 1.2010-20 as the top B/B for this pair at the moment IMHO. GL GT

Zaporozhye, UA Nemo 16:03 GMT April 20, 2004 Reply   
Gl-View OK )

QC WC 15:57 GMT April 20, 2004 Reply   
http://www.cboe.com/Home/Default.asp

Sofia NYK 15:56 GMT April 20, 2004 Reply   
Somebody gives me a site of free real-time Dow&Nasdaq quoting? Thanks!!!

Global-View 15:45 GMT April 20, 2004 Reply   
ZP Nemo 15:31 GMT April 20, 2004 (and others)- Please use a recognizable location. There is a save feature iin the post a message template so you only have to take the time to post your location once. TIA for your cooperation.

Porto PJT 15:43 GMT April 20, 2004 Reply   
BC, million dollar question, on gold, i see 395 line holding but unable to stay above 400 is a prediction of bigger correction or consolidation process?you see any sign what could be or we have to wait to see?thank you and gt.

USA Biscuit Boy 15:36 GMT April 20, 2004 Reply   
CHF has been offered across the board today

ZP Nemo 15:31 GMT April 20, 2004 Reply   
Seems strong bids USDCHF near 3060... or optical illusion only?? lol

Quito Ecuador Valdez 15:25 GMT April 20, 2004 Reply   
Thank you Knottingham...

Quito Ecuador Valdez 15:20 GMT April 20, 2004 Reply   
london phil// again..I have a usd check here...it is not a forex trade. You thought right. Just wanted to gain a little beer money.

dc fxq 15:18 GMT April 20, 2004 Reply   
shanghai bc 14:46 GMT

Very well put and 100% correct!

london phil 15:08 GMT April 20, 2004 Reply   
a change of heart already valdez i thought you were staying well clear of the euro

Minnesota Mark 15:08 GMT April 20, 2004 Reply   
Yo Valdez,

If there is a problem with that check I will be happy to give you the same deal that idiot keeps offering. Just fund an account for me. No?

Nottingham 15:08 GMT April 20, 2004 Reply   
Quito Ecuador Valdez 14:53 GMT

Although GS speaks later today he is not expected to address the economy in his prepared text, but he may get drawn into making specific comments during the Q&A session...he would then have half a day to assess market reaction to his comments...the view here is that if there has been a very volatile, disorderly response which he felt could cascade and destabilise markets to some degree, he could then make suitable additions to his prepared remarks due Wednesday...all of this means you could get a down and up reaction on euro over the two days...gl gt

Minnesota Mark 15:04 GMT April 20, 2004 Reply   
Dallas GEP 14:45 GMT April 20, 2004

I tend to agree with you, ole "Bubbles" has a rather large problem on his hands. Inflation is rising faster than he wants and the rest of the indicators are lagging behind where he'd like them. If he says the FED can remain patient then he is lying through his teeth, if he says some thing to the effect that they have to keep a careful watch over things that will be more realistic. They don't want to raise rates yet, once they do it will shut down the housing market worse than last months decline and all those people that took out ARM's and Interest Only loans will start to feel some pressure.

Dallas GEP 14:58 GMT April 20, 2004 Reply   
This probably is some squaring out of usd bull positions

OK SZ 14:53 GMT April 20, 2004 Reply   
might see a bounce to 11923-45 then back down...

Quito Ecuador Valdez 14:53 GMT April 20, 2004 Reply   
GEP// Thanx! Right! $+ means $-. LOL Yea, each time the Greenman steos up to the podium he wimps out, exits state left for his free coffee mumbling something about "what's for supper?" ROFL. I've a USD check for $60+k sitting here @ 1.1915 I don't know what to do with and I've got til 1400hrs EST to make up my mind to switch it for a Euro check or hold the rascal for 1.17. abadee abadee abadee that's all folks.

shanghai bc 14:52 GMT April 20, 2004 Reply   

Eur/usd may have seen the day low already ,Greenspan or Redspan..

shanghai bc 14:46 GMT April 20, 2004 Reply   

Eur/Usd is very weak considering the fact that it fell some 150 pips since the beginning of March..There are value traders and then there are momentum traders and then there are daytraders and then thre are just traders..All with different views of the same market..Fwiw..

Dallas GEP 14:45 GMT April 20, 2004 Reply   
Valdez you have to be careful here because LAST time GREENY spoke he inferred that interest rates could be kept low and with that USD fell about 150 points. I THINK the result this time will be dollar positive because he will IMO say something to the effect that interest rates increase MAY be considered.

HK Kevin 14:43 GMT April 20, 2004 Reply   
Qindex, good evening, how strong does 1.1720 is in your EUR 22-day chart?
In addition, note you shout for a reversal of USD/JPY in the previous post. This is in contrary to my chart reading. Where is important support in your daily chart?
I am currently short EUR/USD 1.2013, long USD/CHF 1.2930, USD/CAD 1.3419 and USD/JPY 108.19.

OK SZ 14:41 GMT April 20, 2004 Reply   
the bottome line for the us$ will still see bears in it's rear view mirror. with all the talk the past 2 months about the us economy and the stronger dollar why has the us$ only had a 4% gain? the account deficit..till that is corrected the $ will see sellers/

Quito Ecuador Valdez 14:40 GMT April 20, 2004 Reply   
'Mornin' Gep// Does your gut feeling say $- or $+ content for Greenie's speach today?

Melbourne Qindex 14:37 GMT April 20, 2004 Reply   
GBP/USD : Monthly Cycle Quantized Levels

Set A : ... // 1.7833 - 1.7960 - 1.8087 // ...

Set B : ... // 1.7707 - 1.7897* - 1.8087 // ...

Quito Ecuador Valdez 14:37 GMT April 20, 2004 Reply   
Melborne farmacia// your last post - good - any reasonable person is tired of the hype and over speculation - let's get 1st things 1st and follow our noses...let's see 1.17 before we lick our chops at 1.15. Looks like eur/usd has thumped the low today??

Dallas GEP 14:36 GMT April 20, 2004 Reply   
Prior to Greenspan's speech you could expect some squaring out of som eof these Dollar longs IMO Speech is 18:30 GMT

USA Biscuit Boy 14:33 GMT April 20, 2004 Reply   
Thanks for the clarification Oilman.

FWIW on my platform on this latest dip for eur/usd the long-to-short ratio (sampled from all clients) increased from 2:1 to 3:1 with the average open trade for eur/usd now down more than 500 pips. Clearly we have a ways to go before the majority consensus changes to that of selling eur/usd. This sampling has been an excellent indicator in trending markets to date (clients were net short eur/usd when we climbed from 1.1750 all the way to 1.28). Alot more dollar buying to go yet.

Melbourne Qindex 14:29 GMT April 20, 2004 Reply   
GBP/USD : 1.7833 - 1.7960 - 1.8087

NYC Bill 14:29 GMT April 20, 2004 Reply   
Squared my Dollar/JPY shorts from 108.10 at 107.55 EARLIER friends. I know its 108.42 bid now, didn't have time to post.

nyc fxdh 14:27 GMT April 20, 2004 Reply   
I am thinking of buying aus$ here any thoughts ??

nyc fxdh 14:27 GMT April 20, 2004 Reply   
I am thinking of buying aus$ here any thoughts ??

Dallas GEP 14:24 GMT April 20, 2004 Reply   
Pound shorts from 1.7945 area were closed @ 1.7900 earlier. Pound still weak and potentially 1.7860 is possible.

hk ab nzd 0.6 14:17 GMT April 20, 2004 Reply   
viies, I respect your strict rules in fx.
Thank you.

Tallinn viies 14:09 GMT April 20, 2004 Reply   
hk - no, made humble sell at 1,1954

UAE oil man 14:03 GMT April 20, 2004 Reply   
No biscuit you heard fine.

USA Biscuit Boy 14:03 GMT April 20, 2004 Reply   
Still plenty of buy on dippers about for eur/usd.......meaning this dollar correction has a long way to go yet.

Oilman I take it you meant add to shorts 1.1875 not 1.1375 no??

GER ad 14:01 GMT April 20, 2004 Reply   
EUR/USD,
Out 1.1903

UAE oil man 13:59 GMT April 20, 2004 Reply   
My next add for shorts euro$ is at 1.1375 (Add No 3)..reducing stops to 1.2235..



Gl.

Gold Coast martin 13:52 GMT April 20, 2004 Reply   
BRISBANE..L....as posted earlier as soon as major resistance level of 7375 breaks i am looking for my 7280 short to be reached and further on 7220 and lastly 7155...g/l g/t

Dublin Flip 13:52 GMT April 20, 2004 Reply   
No probs mate.
There are always good explanations for what has happened but never too many good ones for what will happens-LOL
be lucky

ny amc 13:43 GMT April 20, 2004 Reply   
Dublin.................thanks for explaining

Brisbane L 13:36 GMT April 20, 2004 Reply   
Aud what short positions are you holding Gold Coast Martin at present ?

Nottingham 13:27 GMT April 20, 2004 Reply   
ham cla...thx

GER ad 13:25 GMT April 20, 2004 Reply   
Long EUR/USD at 1.1886 tight S/L

Kaunas DP 13:22 GMT April 20, 2004 Reply   
i bet we have seen the low for eur/usd as of today

melbourne farmacia 13:20 GMT April 20, 2004 Reply   
IMO - before everyone starts calling for euro sub 1.1500 levels, we must focus on the first test of euro's long term channel line which currently stands @ 1.1700 fig. I'm expecting a decent retracement from this level of some 400 odd pips before another possible downside attempt. But as we all know nothing is 100% in this market...this retracement rebound might turn out to test 1.2900 again as the Dollars long term bear cycle is still in play. That said, my next major cycle comes in on 5th May, until then i'm just playing the flow, be it long or short. GT

Dublin Flip 13:20 GMT April 20, 2004 Reply   
amc the swissy has less liquidity than the others and after many failed attempts above 1.3080 the swathe of stops above 1.31 is just too "getable". Euro has had good buying 1.1880/1.1920 all morning from Asian names thereby holding up one side of the cross.

Oakland Daimyo 13:17 GMT April 20, 2004 Reply   
USD buying operations remain in focus.

ny amc 13:15 GMT April 20, 2004 Reply   
why is eur/chf moving to the upside?

ham cla 13:15 GMT April 20, 2004 Reply   
Nottingham: this must be a new one, didn't hear anything that its related to the chinese one of last week. but we have confirmation that there are a lot of smaller ones between 1.1750 & 1.1850. i hope that helps.

hk ab .6 nzd 13:14 GMT April 20, 2004 Reply   
same true for downside.

Oakland Daimyo 13:14 GMT April 20, 2004 Reply   
EUR/USD 1.1889 fractal bottom is major level to watch. If big guns do not show up to support, we will see further supply dump coming from operators. It appears that rumored 1.1850 option structure is going to be attacked soon. Med-term tgt 1.1780 for now. Who will win, my money is on the Bear Raiders. Also, GBP/USD under 1.7880 opens up 1.7740 perhaps further. GL & GT

HK Kevin 13:13 GMT April 20, 2004 Reply   
hk ab, are you stll marching on long USD/CAD?

london phil 13:08 GMT April 20, 2004 Reply   
was there talk last week on here of a big asian no touch option at 1.185o or did that expire

Nottingham 13:08 GMT April 20, 2004 Reply   
ham cla 12:53 GMT

are we talking chinese here? or are you refering to another? gl gt

hk ab .6 nzd 13:07 GMT April 20, 2004 Reply   
hk ab nz 0.6 08:37 GMT April 19, 2004
Byron, if this (dlrcad) early bird doesn't move much, the other major will not move too far away.

hk ab .6 nzd 13:05 GMT April 20, 2004 Reply   
martin, keep up the good work TIA ;)

Gold Coast martin 12:55 GMT April 20, 2004 Reply   
HK....ab..nz...right at this moment i am still short on aud....should aud not go in ny session i will still have short stance but will revise my position nearing ny session..i will post my revised position...g/l g/l

ham cla 12:53 GMT April 20, 2004 Reply   
EUR/USD: there is a rumour about a huge 1.1850 barrier in the mkt.

USD/CHF: a japanese name is constantly on the offer between 1.3050-65

GER ad 12:49 GMT April 20, 2004 Reply   
EUR/CHF out at 1.5543

GER ad 12:28 GMT April 20, 2004 Reply   
EUR/USD,
out at 1.1927 sidelinet now
Will try to buy under the figure (same S/L)

Short EUR/CHF at 1.5555 tight S/L

Dallas GEP 12:26 GMT April 20, 2004 Reply   
Well friends, it is not necessarily at an ideal level but POUND shorts could work very well from this level although it is not a HARD level. Good R/R trade would be a short here with stop above 1.7970 and looking for 1.7860 target.

hk ab nzd 0.6 12:22 GMT April 20, 2004 Reply   
martin, if aud doesn't go by today ny, what will u do? reverse the short stance to long stance? TIA

Bloemfontein SA new bie 12:16 GMT April 20, 2004 Reply   
ok wil do so Hc

London HC 12:13 GMT April 20, 2004 Reply   
SA. Stay here. You will get most news here one way or the other

Bloemfontein SA new bie 12:08 GMT April 20, 2004 Reply   
thank you london

Bloemfontein SA new bie 12:01 GMT April 20, 2004 Reply   
what web site do you use to know what news comes out when

GVI john 11:33 GMT April 20, 2004 Reply   
This report is posted twice daily on GVI. For information on how you can access GVI, contact [email protected]
STRATEGY SESSION --New York Open
Opening Levels:
eur/$ 1.1910…$/yen 107.85
DJIA +33 pts… 10-yr 4.37%, 0 bp
PERSONAL OPINIONS:
For a broad range of opening levels click on GVI’s “Market Tracker”:
CLICK HERE


SEE GVI for text


Melbourne Qindex 11:29 GMT April 20, 2004 Reply   
GBP/USD : In case the market is very volatile, one can easily determine the next major supporting point from subtracting 176 pips from 1.7821, i.e. 1.7645. The market rhythm of my daily cycle is represented by 176 pips.

Daily Cycle Quantised Levels

... // 1.7645* - 1.7821* - 1.7997* - 1.8173* // ...


After Expansion :-

... // 1.7645* - 1.7689 - 1.7733 - 1.7777 - 1.7821* - 1.7865 - (1.7909) - 1.7953 - 1.7997* - 1.8041 - (1.8085) - 1.8129 - 1.8173* // ...

hk ab nzd 0.6 11:29 GMT April 20, 2004 Reply   
viies, still long eur?

Melbourne Qindex 11:29 GMT April 20, 2004 Reply   
GBP/USD : In case the market is very volatile, one can easily determine the next major supporting point from subtracting 176 pips from 1.7821, i.e. 1.7645. The market rhythm of my daily cycle is represent by 176 pips.

Daily Cycle Quantised Levels

... // 1.7645* - 1.7821* - 1.7997* - 1.8173* // ...


After Expansion :-

... // 1.7645* - 1.7689 - 1.7733 - 1.7777 - 1.7821* - 1.7865 - (1.7909) - 1.7953 - 1.7997* - 1.8041 - (1.8085) - 1.8129 - 1.8173* // ...

Melbourne Qindex 11:18 GMT April 20, 2004 Reply   
GBP/USD : Trading reference from my daily cycle quantized levels :-


... // 1.7821* - 1.7865 - 1.7909 - 1.7953 - 1.7997* // ...

Melbourne Qindex 11:14 GMT April 20, 2004 Reply   
One should not consider my quantized level as traditional term for resistant point / supporting point. Quantum levels are acting like a magnet.

Melbourne Qindex 11:12 GMT April 20, 2004 Reply   
One should not consider my quantized level as tradional term for resistant point / supporting point. They are acting like a magnet.

Melb dd 11:03 GMT April 20, 2004 Reply   
Makati Obelix 08:38 GMT April 20, 2004

thanks for the info

dd

Melbourne Qindex 11:00 GMT April 20, 2004 Reply   
Melbourne Qindex 00:57 GMT April 19, 2004
EUR/GBP : The key quantised level is located at 0.6663. Initially it has a tendency to trade between 0.6631 - 0.6663 - 0.6694.

Melbourne Qindex 10:58 GMT April 20, 2004 Reply   
prague mark 10:24 GMT - GBP/USD : The market is vibrating around the quantised level with an expected magnitude of +/- 15 pips.

london phil 10:52 GMT April 20, 2004 Reply   
mark if you join the highs from yesterdays1.8147 you get a line that has been touched 3 times allready and is now sitting at 1.8030 if the intraday line breaks then this will be the next resistance

hk vforex 10:52 GMT April 20, 2004 Reply   
usd is still strong,eur aim 1.1880 and gbp focus 1.7860.but JPY is a little more strong,look 107.30

Gen dk 10:47 GMT April 20, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

prague mark 10:45 GMT April 20, 2004 Reply   
phil
thanks a lot

london phil 10:42 GMT April 20, 2004 Reply   
im no expert mark but am allways amazed how well prices react on trendlines that was its 3rd touch on that one so i guess the idea is to trade them till they break.
this time its touched and dropped could have shorted at the line and set a stop 20 points above the line.
any new people out there you cant go to far wrong by pulling up an hourly chart and connecting the highs or lows over 2 - 3 days and wacth the price when it reaches these lines to see how it reacts.
remember price allways leads

DAK TK 10:38 GMT April 20, 2004 Reply   
Any1 see a hammer in the GBP hourly chart? Appreciate any1 commenting. TIA

UAE oil man 10:36 GMT April 20, 2004 Reply   
% of small account in euro$ long position 71% from 1.24-1.19
(bargain prices factor as usual).

prague mark 10:35 GMT April 20, 2004 Reply   
phil,
shall we look for reversal or more downside again - TIA

Ina* mr.co'z 10:34 GMT April 20, 2004 Reply   
SURABAYA GINTA 10:00 GMT April 20, 2004
mr. co'z, u thingk yesterday GBP high is the last swing b4 GBP down trend???

such as those which I phrase previously... now seen 4hour for the gbp/$ strarting there pressure bearish. for a while this I see there support at 1.7874 with minorly resistance at 1.7965. possible market now make the flat movement at the same time await the news US this evening. temporarily this I still see the swing pattern for daily pound at 1.8200 but not assure that number will be reached if pound make the new low. ok..good luck !

london phil 10:32 GMT April 20, 2004 Reply   
gbp usd just tapped its head on the hourly down trend line intraday

Spotforex NY 10:26 GMT April 20, 2004 Reply   
PAR - some very insightful posts overnight...WE appreciate them!!!!!


spot

prague mark 10:24 GMT April 20, 2004 Reply   
Melbourne Qindex 10:21 GMT
however we are currently trading above 1,7950 which easily could turn into 1,8 - isnt it?

Melbourne Qindex 10:21 GMT April 20, 2004 Reply   
Bristol DWF 09:56 GMT - Thank you. The next move is going to penetrate through 1.7900.

Melbourne Qindex 10:19 GMT April 20, 2004 Reply   
sgp sp 10:06 GMT - It is very promising but no guarantee. With a little bit of luck we may see the rate in the next 24 hours.

Melbourne Qindex 10:14 GMT April 20, 2004 Reply   
sgp sp 10:06 GMT - It is very promising but guarantee. With a little bit of luck we may see in the next 24 hours.

hk ab nzd 0.6 10:10 GMT April 20, 2004 Reply   
nt// I am now protecting the 193.38 long by 5 pips stop....seems hit.hahaha
interesting.

Any next projection? 190?

LONDON savage 10:07 GMT April 20, 2004 Reply   
hello can anyone tell where i can find free uk stock charts thx

Nottingham 10:07 GMT April 20, 2004 Reply   
>>>saloniko 2004 nk..1.3458 10:02 GMT April 20, 2004

>>>50% of world now is targeting 1.15 and another 50% 1.05

may it will be different this time??? :o)

sgp sp 10:06 GMT April 20, 2004 Reply   
Dr Q,

Thank u for the info...will watch for it. :)

Melbourne Qindex 08:35 GMT April 20, 2004
EUR/AUD : I guess the market is going to tackle 1.6320 - 1.6371 sometimes this week.


Bristol DWF 10:05 GMT April 20, 2004 Reply   
Mark wise words...

I will take your advice
Thanks

saloniko 2004 nk..1.3458 10:02 GMT April 20, 2004 Reply   
Good Morning..

$uper... $ is going fine..till now..

Once i will stop out on long Euro/usd taking the loss..will stay out and will watch how the $BlackHole will change colour...

50% of world now is targeting 1.15 and another 50% 1.05

GL..


nk






Minnesota Mark 10:00 GMT April 20, 2004 Reply   
Bristol DWF 09:56 GMT April 20, 2004

I may be off base but I noticed your first couple posts. One thing to remember, you don't HAVE to make a trade. Sometimes it is best to take a deep breath and watch the market for a bit.

SURABAYA GINTA 10:00 GMT April 20, 2004 Reply   
mr. co'z, u thingk yesterday GBP high is the last swing b4 GBP down trend???

Mumbai Mitali 09:57 GMT April 20, 2004 Reply   
ECB rate cut more likely post ZEW data

dc fxq 09:57 GMT April 20, 2004 Reply   
IFR-08:43 GBP/USD: Depressed by Lower-Than-Expected UK CPI

Once upon a time, that would have been GBP positive!

Bristol DWF 09:56 GMT April 20, 2004 Reply   
Qindex... 1.7949...you were right..
hopefully I will get a reply and access soon from Jay..
sounds like I need to read this pronto

Algarve Box 09:55 GMT April 20, 2004 Reply   
http://www.bundesbank.de/

Helsinki iw 09:55 GMT April 20, 2004 Reply   
Deutsche Bundesbank - The central bank of Germany

prague mark 09:50 GMT April 20, 2004 Reply   
what BUBA stands for - TIA

LAX-LGB SNP 09:42 GMT April 20, 2004 Reply   
shanghai bc 07:53 GMT April 20, 2004
everytime the mkt moves a certain way and i'm on the right side, i think of myself as super-traderman

many, many THANKS for the dose of reality and your Samurai friends :-)

hk revdax 09:40 GMT April 20, 2004 Reply   
Sofia NYK //thanks. i am out of the mkt for the rest of today.

hk revdax 09:39 GMT April 20, 2004 Reply   
PAR 09:37 GMT//Shall we short more Euro based upon the fundamental information?

Sofia NYK 09:38 GMT April 20, 2004 Reply   
Revdax// Think range trading--1.1860-1.2080.

Melbourne Qindex 09:37 GMT April 20, 2004 Reply   
Sydney gvm 09:33 GMT - You are welcome.

PAR 09:37 GMT April 20, 2004 Reply   
Rumor Schroeder - Eichel will apoint ex socialist union leader as head of BUBA to replace Welteke. This will de facto end the indepence of the BUBA and consequently tigthen the grip of politicians on the ECB. First thing the socialist ( communist) leader will suggest is to lower EURO interest rates.

Sydney gvm 09:33 GMT April 20, 2004 Reply   
Qindex and Shanghai BC - thanks for your valuable input today

hk revdax 09:33 GMT April 20, 2004 Reply   
Sofia NYK //How about sell?

Melbourne Qindex 09:33 GMT April 20, 2004 Reply   
GBP/USD : A projected barrier is expected at 1.7945 - 1.7949.

Sofia NYK 09:32 GMT April 20, 2004 Reply   
Revdax// Dear friend, dont recommend you buy at all !

london cam 09:31 GMT April 20, 2004 Reply   
Cable broke upward T/L on 4 hrly overnight. Any views on probable downside target within next 24 hours?
GL GT

Melbourne Qindex 09:25 GMT April 20, 2004 Reply   
Bristol DWF 09:21 GMT - Send an e-mail to Jay at [email protected] and he will arrange you to see my page free for the next 2 weeks.

USD/JPY, EUR/USD, USD/CHF, AUD/USD, USD/CAD & GBP/USD  Weekly Cycle Analyses. Register with [email protected] if you have no access to my page.

hk revdax 09:23 GMT April 20, 2004 Reply   
If i were to buy $/CHF now, where would you recommend me to place the stop? Any one?

Bristol DWF 09:21 GMT April 20, 2004 Reply   
Melbourne...where is that page located
would be interested to read it...

Still finding my way around

UAE oil man 09:19 GMT April 20, 2004 Reply   
Hello everyone, Next slide location 1.1883..
Good luck .

Kaunas DP 09:17 GMT April 20, 2004 Reply   
do we have info when cables 1,79 option expires as long as it was not knocked yet

Melbourne Qindex 09:16 GMT April 20, 2004 Reply   
GBP/USD : The next targeting range is 1.7792 - 1.7949. See details in my page on the weekly cycle analysis.

Bristol DWF 09:14 GMT April 20, 2004 Reply   
would agree with you as it has fallen from 1.8140 with little
in the way fo retracement
though feel the dollar will take it under the figure to 17875
and have set my limit their on this short term trade

TelAviv DOR 09:14 GMT April 20, 2004 Reply   
PAR , Thanks !

Melbourne Qindex 09:14 GMT April 20, 2004 Reply   
GBP/USD : Next target is 1.7949. See details in my page on the weekly cycle analysis.

ICT ML 09:14 GMT April 20, 2004 Reply   
Viva de' $CAD....:-)

if it were'nt for a eur-gbp spike....this would be a perfect day in my view....

Melbourne Qindex 09:10 GMT April 20, 2004 Reply   
EUR/CHF : It is going to move higher.

Kaunas DP 09:09 GMT April 20, 2004 Reply   
Bristol DWF 09:06 GMT
needs to rest...and long

Bristol DWF 09:06 GMT April 20, 2004 Reply   
any thoughts on Cable as testing 1.7900

Melbourne Qindex 09:05 GMT April 20, 2004 Reply   
USD/CHF : After the capture 1.3067, the next target is 1.3141.

Belgium sidekick 09:04 GMT April 20, 2004 Reply   
Thumbs up PAR!!!

hong kong nt 09:03 GMT April 20, 2004 Reply   
AB - took 1/4 profit ahead of 193.0...

BKK A 09:03 GMT April 20, 2004 Reply   
Thanks a lot, PAR. it's very accurate

Melbourne Qindex 09:02 GMT April 20, 2004 Reply   
Melbourne Qindex 23:19 GMT April 19, 2004
EUR/USD : The market is pulling back from the projected resistant barrier of 1.2058 - 1.2079. The short term target is 1.1895 - 1.1902 and the mid-point referenceis 1.1980 - 1.1987.

Melbourne Qindex 09:33 GMT April 19, 2004
EUR/USD : Quantised Levels of 3-Month Projection Profiles


Set A : ... 1.1529* // 1.1712 - 1.1895* - 1.2079 // 1.2262* ...


Set B : ... 1.1590 // 1.1746* - 1.1902 - 1.2058* // 1.2215

ICT ML 09:02 GMT April 20, 2004 Reply   
cla...tell him I appreciate that...LOL

Edi Geo 09:00 GMT April 20, 2004 Reply   
good call PAR

GENEVA FHR 09:00 GMT April 20, 2004 Reply   
ZEW 49.7

ham cla 09:00 GMT April 20, 2004 Reply   
CABLE: big german sold at 1.7940

Bkk A 08:59 GMT April 20, 2004 Reply   
PAR, Where did you get the rumour from?

shanghai bc 08:53 GMT April 20, 2004 Reply   

TH 08:03 -- Good afternoon..All the world is suffering from debt and credit bubble at present..London is a bubble ridden city,so is Paris,so is Beijing,so is NY..Ironically,Tokyo may be a safer bet after suffering for more than a decade of economic decline..Maybe a lesser bubble than others..Good trades..

shanghai bc 08:49 GMT April 20, 2004 Reply   

QINDEX 08:01 -- Good afternoon..Thanks for the info..Good forecasts and trades..

Bristol DWF 08:47 GMT April 20, 2004 Reply   
cut and reversed earlier longs
Dollar well up

PAR 08:46 GMT April 20, 2004 Reply   
Rumors German ZEW index out in 15 min could drop below 50 versus 55 expectations.

ham cla 08:45 GMT April 20, 2004 Reply   
USD/JPY: big swiss name on the bid here at 107.80/85.

houston ken 08:40 GMT April 20, 2004 Reply   
$$$$$$ and yen on a roll

Makati Obelix 08:38 GMT April 20, 2004 Reply   
DD of Melb. Chairman AG schedule to speak b4 Senate Bank Comm @ 2:30pm (EST).

Melbourne Qindex 08:35 GMT April 20, 2004 Reply   
EUR/AUD : I guess the market is going to tackle 1.6320 - 1.6371 sometimes this week.

Melbourne Qindex 08:34 GMT April 20, 2004 Reply   
EUR/AUD : I guess the market is going to tackle 1.6371 sometimes this week.

Melb DD 08:23 GMT April 20, 2004 Reply   
Is any one able to tell me when AG is Giving his speech?

TIA

Bristol DWF 08:21 GMT April 20, 2004 Reply   
My first post hello all

After shorting the Euro yesterday
long GBP/USD from 1.7975
Long Euro/Dlr from 1.1933

short trade as longer term view for a higher dollar
Cable should see the other sdie of 1.8000 again first

Melbourne Qindex 08:07 GMT April 20, 2004 Reply   
EUR/USD : Extreme Quantized Levels in my Daily Cycle


... 1.1660 ... 1.1709 ... 1.1806 ... 1.1880 // 1.1953 ... 1.2002 ...

hk revdax 08:05 GMT April 20, 2004 Reply   
Melbourne Qindex 07:57 //The only thing that Macau Index is telling is that $/JY will continue to be in the sell mode until the close of today, and during this process selling CHF/JY may also be the thing to do.

LTN th 08:03 GMT April 20, 2004 Reply   
BC 07:53 GMT // I am hearing of some rather bigger carpetbaggers cornering assets in prospective EZ states. How and in what currencies is that likely to play out?

Melbourne Qindex 08:01 GMT April 20, 2004 Reply   
shanghai bc 07:53 GMT - Good afternoon! USD/JPY : It seems to me that the market is going to reverse and challenge the recent low at the end of the month.

Brisbane L 07:58 GMT April 20, 2004 Reply   
UBS forecasts rise in German ZEW to 60
Hi BC.

hk ab nz 0.6 07:58 GMT April 20, 2004 Reply   
van Gecko 07:41 GMT April 20, 2004


Many thanks for the nice and clear m/t view on dlrcad!
GREAT and GOOD TRADE!!

Melbourne Qindex 07:57 GMT April 20, 2004 Reply   
hk revdax 07:47 GMT - What is your Macau Index? It seems to me that some cycles are coming within 48 hours.

shanghai bc 07:53 GMT April 20, 2004 Reply   

NT -- A few big samurai boys are cashing in some of their EZ investment chips today..We have to remember that in terms of money size folks like Toyota is as big as HK and bigger than any country in east Asia except China and Korea..In any case,it is not wise to buy Eur/usd unless eur/Jpy stabilizes first..Good trades..

Helsinki iw 07:52 GMT April 20, 2004 Reply   
Revdax, I suspect you know that better than me.

Ldn Viewer 07:49 GMT April 20, 2004 Reply   
sorry forgot thus leaving net Gain of +60 pips after SAR ... seems will happen sooner rather than later ... good contra indicator me hahahah ... again input appreciated as helps ith strategies ...

Melbourne Qindex 07:48 GMT April 20, 2004 Reply   
Melbourne Qindex 00:33 GMT April 20, 2004
USD/JPY : The key quantised level of my daily cycle is located at 107.87. A projected resistant point is expected at 109.32. The market can easily retreat and test the lower barrier at 107.40 // 107.87.


... 107.40 // 107.87 - 108.36 - 108.84 // 109.32 ...

hk revdax 07:47 GMT April 20, 2004 Reply   
Helsinki iw 07:43//i agree that $/JY will go lower. but would that bring down $/CHF too? TIA

Ldn Viewer 07:47 GMT April 20, 2004 Reply   
Thks guys for comments appreciated ... well then plan for USDJPY SAR at 107.70 with stop at 108.10 and once/if 107.35 trades stop to ATM and then profit target 106.70 ... 100 pips is good for me ... again thks ... GL GT all

Miami OMIL (/;-> 07:44 GMT April 20, 2004 Reply   
van Gecko you did not make AB beg for it LOL. GT

Helsinki iw 07:43 GMT April 20, 2004 Reply   
Have to say I agree with your comments Viewer, but regarding
USD/JPY i must beg to differ. Looks slightly bearish to me and
considering that the G7 leaders have invited China to their
next meeting, I would think the market starts to factor in a
possible loosening of China´s rigid FX policy. That would see
USD/JPY lower. IMHO

Miami OMIL (/;-> 07:42 GMT April 20, 2004 Reply   
Ldn Viewer 07:35 GMT April 20, 2004
That is why they call it intraday positions and that just goes to show you how volatile this market can be. GL GT

van Gecko 07:41 GMT April 20, 2004 Reply   
ab.. the Goose now flying near the top of it's 10 week range.. nimble flyers could buy a break of 1.36, but keep an eye open for limited follow through today.. brave upside down flyers could try selling infront of 1.36 with loose or tight stops depending on how many pips one is willing to h'iss into the wind..
long range flyers need to be patient & lookout for sustained weekly closes above 1.35 or below 1.31 for range break marching clues..

Ldn Viewer 07:35 GMT April 20, 2004 Reply   
This forum and FX market never fails to surprise ... yesterday we were going higher on the EUR and GBP and today its all about going lower and breaking supports ....

Guys all I can honestly say is be nimble , take your pips offered and look again ... trend is very unclear at the moment , Mr G can maybe change that latter today as we all know only he can really move the markets when he speaks ...

Trade maybe buy USD/JPY 107.80 seems good support ...

Trade on buy USDJPY here at 108.10 S/L at 107.70 , TP 114.50

Long Term Trade if holds in ...

Short term have nothing to choppy ...

AIMVHO

GL All

hk ab nz 0.6 07:34 GMT April 20, 2004 Reply   
If there're options on dlr/cad upside, the chance of breaking high will even be greater.

Sim City Trad Pitt 07:34 GMT April 20, 2004 Reply   
Minnesota Mark 07:23 GMT April 20, 2004

Ok thank you. There is also the UK CPI that could help but the sterling look sick and I will close it at 1.7950 max.

hk ab nz 0.6 07:34 GMT April 20, 2004 Reply   
may wait for dlr/chf goes a bit under 1.30 to long maybe.

hk ab nz 0.6 07:33 GMT April 20, 2004 Reply   
sp// now chance has past.....

when it approaches 1.36, need to watch and don't rush into positions, 'cos both swings can kill.

hk ab nz 0.6 07:29 GMT April 20, 2004 Reply   
PAR// time for Blair speech plz?

hk ab nz 0.6 07:26 GMT April 20, 2004 Reply   
sp, the only 4 possible pairs can do this are: eur/aud, dlr/cad, dlr/chf and gbp

Minnesota Mark 07:23 GMT April 20, 2004 Reply   
Sim City Trad Pitt 06:52 GMT April 20, 2004

Currently short GBP @ 18124 looking for 17750 area. Though with "Bubbles" Greenspan talking today that could push things anywhich way. Possible downside to 17550 IMO. From there will be looking for upside towards the 185 area.

sgp sp 07:22 GMT April 20, 2004 Reply   
ab....1.39 seen today????

PAR 07:21 GMT April 20, 2004 Reply   
Options being protected in GBP at 1.7900. When Blair speaks positif about Europ, sell EURGBP. Also UK inflation will be much higher than expected. So buying GBP at 1.7970 should be profitabel.

hk ab nz 0.6 07:20 GMT April 20, 2004 Reply   
or just follow the herd to long now.

hk ab nz 0.6 07:20 GMT April 20, 2004 Reply   
sp// an easy trade is to catch the falling rocket, I will be waiting at 1.39-1.41 area if it is seen today for dlr/cad.

hk ab nz 0.6 07:15 GMT April 20, 2004 Reply   
gecko, any possiblity of a nice goose flight here?

hk ab nz 0.6 07:13 GMT April 20, 2004 Reply   
nt// the 1 pip is collected again.
Now I will place limit to 193.38. GT!

And Congra. for your gb/jpy sell yesterday!

hk ab nz 0.6 07:12 GMT April 20, 2004 Reply   
van Gecko 07:06 GMT April 20, 2004


Gecko// may I beg for a more straight forward elaboration plz? TIA!

Moskow 07:10 GMT April 20, 2004 Reply   
morning, sorry to trouble you, but if you need a reliable history data for trading system verification and precise technical analysis visit
this
it is one of the trustworthiest & effective forex quotes history for intraday trading over net.

hk ab nz 0.6 07:10 GMT April 20, 2004 Reply   
hm... dlr/cad next final and ultimate barrier 1.36. Break means other follow thru.....

Helsinki iw 07:08 GMT April 20, 2004 Reply   
Yes, my chart system is definetly not the cutting edge, I have
been looking into getting something better lately. In my tra-
ding I have to allow for some leeway around points due to this
and it is very frustrating at times. When I used to work for a
bank we had charts created by actually dealt prices on EBS
and D2000 and that was a totally different world. GL to you
as well.

van Gecko 07:06 GMT April 20, 2004 Reply   
why wait for uncle Greenie to speak tommarrow for funny dollar direction clues? the majors are again at good values levels vs the dollar here for brave near term contrarians..
on the other hand, may be keep buying inflated dollars here at its s/t cycle high will be vely rewarding when the 'trend' is so obvious to the Herbies & 1.15 euro/usd is a given to some 'me too' guru analysts.. fwiw..


Miami OMIL (/;-> 07:03 GMT April 20, 2004 Reply   
IW thanks I was just wondering were you got the number because I have it at 1860-50 but all charts are not created equal. Thanks again for the reply we seemed to be in the same direction. GL GT

Helsinki iw 06:58 GMT April 20, 2004 Reply   
Omil, that is the 50% retracement of the last drive up, from
1,08ish to 1,29++. Not really a fan of Elliot or Fibonacci, but
I have found that on daily charts these levels often act as
points around which active trading takes place. Trendline
support ( and thus better levels in my opinion) comes in much
lower, and it is possible that we are headed there, but I really
cant say at the moment. In my view, on longer charts, the
critical support comes in only at 1,1370/80 and a break there
(not expected to happen today) would really turn the outlook
bearish.

MONACO OGA 06:58 GMT April 20, 2004 Reply   
FX UPDATE 20/04
Good morning,

***EUR***
EUR/USD (currently 1,1930), 90 pips lower than yesterday's opening. Selling pressure above 1,2060 (high 1,2073) was too strong and sentiment shifted in favour of the US currency. The eurozone industrial production data was pretty much disappointing yesterday, while european economic growth expectations for 2004 are looking more and more difficult to fulfill. Today we will be looking for the continuation of the consolidative pattern. 2 intraday supportive levels : 1,1930 (where we currently stand) then a critical one at 1,1850-70. If later level gives way, a run down to 1,1725 is possible. First resistance around 1,2000, then 1,2060 and still that multi day resistance above 1,2175 (200 period moving average on the daily chart) that should cap the market for some time. Overall we are still neutral on the medium term but we will carefully monitor a possible battle around 1,1850.

Data out today:
GER ZEW survey (economic sentiment) April expected 57.0 07.15 GMT
UK CPI March expected 0.4% 08.30 GMT
EURozone ZEW survey (economic sentiment) April expected 58.8 09.00 GMT
US Mr GREENSPAN speaks in front of the congress 18.30 GMT

Gold back below 400 at 399.50, with WTI May at 37,43

***JPY***
USD/JPY (currently 108,20) hovering inside 107,50-108,80. Not much happening on the JPY side for the time beeing. Support at 107.40-50 and a more significant one at 106.70. Next resistances at 109,00 then 109,75.
EUR/JPY (currently 130.15) stabilizing inside 129.20-130.20.

***GBP***
Cable (currently 1,7995) was rejected at 1,8140 yesterday (a fistfull of pips short of our target) before retracing lower to first support zone around 1,8000. A retracement to 1,7920-30 should see buying interest emerge, however a dip down to 1,7850 is possible. On the upsides, 1,8040-50 should prove a strong resistance.
EURGBP (0,6630) reached our target at 0,6630. 0.6620 should be a very strong support and we have turned neutral on the cross today.
Have a nice day,

Olivier

Sim City Trad Pitt 06:52 GMT April 20, 2004 Reply   
Is there anyone who bought some gbp/usd? I still hold mine from 1.8020, pretty confident about getting back to the B/e but not sure anymore about a reasonnable target. Is 1.8180 fair enough or do you think it's out of question? thanx

Barcelona Tony 06:50 GMT April 20, 2004 Reply   
just for fun ... audusd has broken a trendline ... enjoy (till 0.69)

Miami OMIL (/;-> 06:46 GMT April 20, 2004 Reply   
Helsinki iw 06:43 GMT April 20, 2004
I have a question why did you pick 1820-30 as the next support for eur/usd? tia

wisconsin tim 06:44 GMT April 20, 2004 Reply   
thanks omil

gl/gt all

Helsinki iw 06:43 GMT April 20, 2004 Reply   
Fwiw/EUR/USD is again pressuring the support at 1,1920/30
but it may be difficult to break as intraday charts are again
somewhat extended on the downside. Favour more consolida-
tion in recent ranges, at least for awhile. A break lower should
lead to a test of the 1,1820/30 support and break ther would
be quite bearish and set sights on the 1,15/16 level.

The dollar looks overbought intraday also against AUD and CAD

IMHO

hk ab nz 0.6 06:42 GMT April 20, 2004 Reply   
nt// also closed my short of aud .7480 @ .7401.

Miami OMIL (/;-> 06:41 GMT April 20, 2004 Reply   
I am moving stops on the eur/usd intraday short position to lock in profits in case this move does not have enough force to go any lower IMHO.

hk ab nz 0.6 06:41 GMT April 20, 2004 Reply   
nt// my gbp/jpy limit miracly got filled and now protected with a 1 pip stop.

Melbourne Qindex 06:36 GMT April 20, 2004 Reply   
Melbourne Qindex 00:29 GMT April 19, 2004
EUR/JPY (Weekly Cycle) : The pattern of my weekly cycle charts indicate that the market has a tendency to trade between 126.37 - 130.42. The key quantised level is located at 127.38. The lower barrier of my weekly cycle is expected at 125.36 // 126.37 and the upper barrier is located at 130.42 // 132.44. The weekly cycle normal trading range is 126.37 - 132.44. The market rhythm of the weekly cycle is represented by 1.01.

... 125.36 // 126.37 - 127.38 - 128.39 - 129.41 - 130.42 // 132.44 - 133.45 ...


Melbourne Qindex 06:34 GMT April 20, 2004 Reply   
Melbourne Qindex 07:35 GMT April 17, 2004
EUR/USD : The key quantised level of my 5-day cycle is located at 1.1856. The market is likely to trade in the following ranges initially next week, 1.1951 - 1.1999 - 1.2046. A projected supporting level is expected at 1.1904 - 1.1923 and a projected resistant level is positioning at 1.2086 - 1.2094.


... 1.1666* ... 1.1761* ... // 1.1856* - 1.1904 - 1.1951* - 1.1999 - 1.2046* // 1.2094 - 1.2141* ...

Sydney gvm 06:32 GMT April 20, 2004 Reply   
time test

ZP Nemo 06:30 GMT April 20, 2004 Reply   
Support for the EUR/USD comes in around 1.1945/50. This level is the 61.8 fibo of the 1.1865/1.2080 move and a break below would shift the pressure to the downside. There is daily support between 1.1900/25, but a move back towards the
year"s low around 1.1865 would be the likely objective if 1.1945 gives way. Hourly resistance comes in around 1.1975 and there is talk of decent sell orders lined up between 1.2020/50.
Analysts doubt that we will see a strong directional move until Greenspan reveals his take on the U.S. economy either later today or tomorrow. (JN)

GER ad 06:27 GMT April 20, 2004 Reply   
Long EUR/USD at 1.1923 (will buy again at ~1.1893 if seen) S/L under 1.1865 T/P 1.1980 (1.2020).

Miami OMIL (/;-> 06:15 GMT April 20, 2004 Reply   
wisconsin tim 06:11 GMT April 20, 2004
There is no question that is stupid if you learn from it T/L= Trend line and I was referring to the bullish bottom T/L on the eur/usd 1hr chart. Hope that helps.

Bloemfontein SA new bie 06:14 GMT April 20, 2004 Reply   
Any view on gbpusd

wisconsin tim 06:11 GMT April 20, 2004 Reply   
stupid question but what is T/L short for

Miami OMIL (/;-> 05:54 GMT April 20, 2004 Reply   
FWIW with T/L gone in the eur/usd pair and last fibo is being drilled on. I see as the next support 1.1930-20, 1.1890-1900 and 1.1870-60. With intraday indicators in O/S territory a pull back might happen before it can touch 1.1900. This might be a warm up of what is to come IMHO. GL GT

hong kong nt 05:35 GMT April 20, 2004 Reply   
BC -- can you offer some light on GBP/JPY? many good trades to you...

hong kong nt 05:31 GMT April 20, 2004 Reply   
AB -- should read "193.33"...

hong kong nt 05:31 GMT April 20, 2004 Reply   
AB -- GBP/JPY may see 133.33 today...

hk ab nz 0.6 05:23 GMT April 20, 2004 Reply   
alright, all goes to your lucky hand. move order to 194.55

hong kong nt 05:21 GMT April 20, 2004 Reply   
AB -- 194.5 may be a better level for contra

hk ab nz 0.6 05:19 GMT April 20, 2004 Reply   
nt// mind me do a short term contra?
limit 195 long gb/jp

hk ab nz 0.6 05:18 GMT April 20, 2004 Reply   
and I REMOVED that order this morning! Geez

hong kong nt 05:17 GMT April 20, 2004 Reply   
took 1/4 profit on GBP/JPY, lower stop to b/e ...

hk ab nz 0.6 05:16 GMT April 20, 2004 Reply   
nt// you meant they bought aud?

I have put a limit at 196.60 last night b4 bed but seems it hadn't filled. But I see a lot of "Hai nan chicken" on my screen when I wake up... hehehe.

wisconsin tim 05:14 GMT April 20, 2004 Reply   
eur/jpy next support ?

hong kong nt 05:11 GMT April 20, 2004 Reply   
AB -- did you sell GBP/JPY at 196.66?

sgp sp 05:11 GMT April 20, 2004 Reply   
ab, not only me....byron as well :)

hong kong nt 05:10 GMT April 20, 2004 Reply   
AB -- ah pak, c9, et al are happily doing bargain hunting, esp AUD, GBP, this morning. fwiw...

hk ab nz 0.6 05:09 GMT April 20, 2004 Reply   
sp, u should have good profit now on nt's suggestion to short gbp/jpy. ;)

hk ab nz 0.6 05:07 GMT April 20, 2004 Reply   
s/l 1.1943 for my last longs.

Brisbane L 05:01 GMT April 20, 2004 Reply   
Lehman shifts 3-to-6-month view on USD from bearish to neutral, doing so for 1st time in 2 years as concerns over U.S. jobless recovery, global deflation have all but disappeared-

Gold Coast martin 04:56 GMT April 20, 2004 Reply   
hk...nz..ab..the last major level of resistance for nzd/usd is 6365 and for the aud/usd is 7375..i expect these levels to be broken by the commencement of tonites ny session....

Gold Coast martin 04:52 GMT April 20, 2004 Reply   
HK...ab..nz...you are absolutely correct my friend...good trades to you..

hk ab nz 0.6 04:48 GMT April 20, 2004 Reply   
martin// 3 sessions left right?

Rye, NY et 04:22 GMT April 20, 2004 Reply   
houston ken 03:46 GMT April 20, 2004
rye what made u to short cad u should wait

Sorry, I didn't see your quesiton earlier.
I use a proprietary indicator that reads "overbought" with slowing momemtum. I believe it will fail (again) at 1.3480. I hope that answers your question. GL/GT

SG Jay 04:17 GMT April 20, 2004 Reply   
any views on euro/$

hk ab nz 0.6 04:07 GMT April 20, 2004 Reply   
nt, what's the c9 take today?

Melbourne Qindex 04:04 GMT April 20, 2004 Reply   
mumbai jay 04:02 GMT - I am running the analysis on USD/JPY and we take a look on EUR/JPY later.

mumbai jay 04:02 GMT April 20, 2004 Reply   
Dr.Q...What is your call on EURJPY from here pl? TIA.

hk ab nz 0.6 04:01 GMT April 20, 2004 Reply   
viies, u r not in yet?

houston ken 03:55 GMT April 20, 2004 Reply   
yes euro yen

Melbourne Qindex 03:54 GMT April 20, 2004 Reply   
Melbourne Qindex 00:33 GMT April 20, 2004
USD/JPY : The key quantised level of my daily cycle is located at 107.87. A projected resistant point is expected at 109.32. The market can easily retreat and test the lower barrier at 107.40 // 107.87.


... 107.40 // 107.87 - 108.36 - 108.84 // 109.32 ...

Melbourne Qindex 03:53 GMT April 20, 2004 Reply   
Calabash TarHeel 03:51 GMT - Your welcome.

Calabash TarHeel 03:51 GMT April 20, 2004 Reply   
Melbourne Qindex 03:44 GMT April 20, 2004

Dr. Q. By whatever name, your levels are of great assistance to me.
Many Thanks.

TarHeel

Melbourne Qindex 03:50 GMT April 20, 2004 Reply   
ny sa 03:24 GMT - The mark is for my reference only. There are too many cycle equation in my system.

Ina* mr_co_z 03:47 GMT April 20, 2004 Reply   
Hi..all !! , Hi..Surabaya Ginta Nila....
How weather news in Surabaya there ?
For gbp/$ seen minor pressure still downwards. For a while there is support at 1.7965..., but for the graph of 4hours not yet stand-out pound will bearish.Because price now is corrective price from going up pound at 1.8147(top yesterday). To minor of my resistant still see 1.8065. becoming to today we see the level 1.8065 - 1.7965 to look for the opportunity to day.imo...gl / gt.

Melbourne Qindex 03:47 GMT April 20, 2004 Reply   
wisconsin tim 03:41 GMT - Thank you! www.qindex.com is still working and the mirror site is no longer exit.

houston ken 03:46 GMT April 20, 2004 Reply   
rye what made u to short cad u should wait?

Melbourne Qindex 03:44 GMT April 20, 2004 Reply   
Quito Ecuador Valdez 03:15 GMT - I creat the adjative for the word quantum. In other word quantum level = quantised level in my system.

Singapore Pilot 03:44 GMT April 20, 2004 Reply   
thanks..thot that was sanitized?

Rye, NY et 03:44 GMT April 20, 2004 Reply   
Short USD/CAD 1.3468;cut 1.3550;take 1.3250

Quito Ecuador Valdez 03:41 GMT April 20, 2004 Reply   
Lemme see..quantised...maybe the sumation of the square root of the prime rate divided by the distance between Greenspan's beady little eyes multiplied by the highs and lows for the last 2 years and hedged by the upper Bolinger band whilst shorted from the ask price of the put 7.35 days ago under the table of the Big Boar Inn in Sydney, all subtracted from the quantity of buttons you bit off your executive trading chair trying to make sence out of the eur/usd chart. I'll bet that's it. Quantised..see, it's easy.

wisconsin tim 03:41 GMT April 20, 2004 Reply   
Qindex -> FYI: do you know your system principal link does not work (if it's supposed to)

Melbourne Qindex 03:38 GMT April 20, 2004 Reply   
Quito Ecuador Valdez 03:34 GMT - Look for Quantum Mechanics or Quamtum Index in google.

Miami OMIL (/;-> 03:38 GMT April 20, 2004 Reply   
Valdez, thank you amigo.

Tarheel thank you again.

Calabash TarHeel 03:35 GMT April 20, 2004 Reply   
Miami OMIL (/;-> 03:33 GMT April 20, 2004

Bid

Quito Ecuador Valdez 03:34 GMT April 20, 2004 Reply   
LOW on eur/usd using f x street chart = 1.1960

as far as quantized level, I have looked all over the web for that term and can't find it..over to you Dr.Q...

Miami OMIL (/;-> 03:33 GMT April 20, 2004 Reply   
Calabash TarHeel 03:31 GMT April 20, 2004
Thanks was that bid or offer.

Calabash TarHeel 03:31 GMT April 20, 2004 Reply   
Showing 1.1960 low EUR/$ on Oxxxx.

ny sa 03:24 GMT April 20, 2004 Reply   
Hi all ,Qindex what does the star next to the price level mean ? thnx.

Miami OMIL (/;-> 03:23 GMT April 20, 2004 Reply   
Can anyone give me the low for today on eur/usd I am trying to compare? tia

wisconsin tim 03:21 GMT April 20, 2004 Reply   
Valdez, I've been wanting to ask that too =)

eur/jpy: i'm waiting to see what happens in 130.teens

Quito Ecuador Valdez 03:15 GMT April 20, 2004 Reply   
Qindex//
Excuse the newbie ignorance here..what is quantised level mean amigo? (Valdez hides under a rock in shame)

SURABAYA GINTA 03:15 GMT April 20, 2004 Reply   
mr.co'z, apa kabar GBP hari ini???

houston ken 03:10 GMT April 20, 2004 Reply   
how low euro yen i think this is going down big time anybody?

hk ab nz 0.6 03:10 GMT April 20, 2004 Reply   
Qindex, thanks, and my stop is right under that.

Miami OMIL (/;-> 03:08 GMT April 20, 2004 Reply   
Good to hear from you guys ML and GEP I am glad you are doing well.

Melbourne Qindex 03:08 GMT April 20, 2004 Reply   
EUR/USD : The following is still valid :-

Melbourne Qindex 07:53 GMT April 17, 2004
EUR/USD : the key quantised level of my 3-day cycle is positioning at 1.1916. The distribution profile of my 3-day cycle probability chart indicates that the market has a tendency to trade between 1.1868 - 1.2019. A projected supporting level is expected at 1.1813 - 1.1825 and a projected resistant level is positioning at 1.2060 - 1.2068.


... 1.1607* ... // 1.1813* - 1.1865 - 1.1916* - 1.1968 - 1.2019* // .... 1.2327 ...

Quito Ecuador Valdez 03:06 GMT April 20, 2004 Reply   
yep...sure do. Euro...R.I.P.

Melbourne Qindex 03:06 GMT April 20, 2004 Reply   
ny amc 02:56 GMT - EUR/USD : Anything below 1.1953 is below my daily cycle normal trading range.

ICT ML 03:04 GMT April 20, 2004 Reply   
Very Good Gep.......looking strong here too. Only wish I went heavier on my positions.


Valdez....you know what they say about a trading instrument that doesn't rise in price on "good" news.....aka Euro right now :-)

Illinois DB 03:01 GMT April 20, 2004 Reply   
omygosh, usd in US prime time news tonite! (npr):
exchange rate falling
buying power down, exports desirable
specs trading more than real money
"teetering dollar" maybe vulnerable if yuan floats
Big Mac index shows eurusd too hi

What could this mean??? :)

Quito Ecuador Valdez 02:59 GMT April 20, 2004 Reply   
Sim City..Greenspan et al I don't believe will stop this bull usd trend..check 1 hr 20 day chart for eur/usd. The buck just keeps getting further away from the weakening Euro. Spain pulling the plug on Iraq...I think that is EUR positive AND USD neg.. but it doesn't seem to matter. GL GT GN. (good night!)

Dallas GEP 02:58 GMT April 20, 2004 Reply   
ML, things are starting to set up VERY well.

Brisbane L 02:57 GMT April 20, 2004 Reply   
msn anyone else having trouble with it??

ny amc 02:56 GMT April 20, 2004 Reply   
melbourne......why under 1.1953 will there be speculative selling.........just trying to understand.........thanks

hk ab nz 0.6 02:54 GMT April 20, 2004 Reply   
FBF// msn dies.... geez. trying my best.

Melbourne Qindex 02:52 GMT April 20, 2004 Reply   
Melbourne Qindex 00:12 GMT April 20, 2004
EUR/USD : A projected chart point is located at 1.2008. Speculative selling will increase if the market is trading below 1.1953.

ICT ML 02:50 GMT April 20, 2004 Reply   
okay Gepster.....hope you are making $$$ this week so far:->

Bangkok FBF 02:49 GMT April 20, 2004 Reply   
HK AB// Yes you may. I am on MSN and Yahoo right now as well.

Dallas GEP 02:47 GMT April 20, 2004 Reply   
ML got your email been busier than a 1 armed paper hangar today tho. I will get back to you later today tho.

Sim City Trad Pitt 02:46 GMT April 20, 2004 Reply   
Hi everyone,
I'm long on pound at 1.8020 with a stop reverse under 1.7970. I believe the retracement on pound is not over and also, I believe that Greenspan won't say anything that is not included in the price yet. Then, a move to 1.8180 seems reasonnable.Well, I could be completly wrong of course but if not, this would be a very profitable trade (good ratio of risk/profit). What do you think ? thanx

hk ab nz 0.6 02:43 GMT April 20, 2004 Reply   
should I send email to you? FBF?

hk ab nz 0.6 02:41 GMT April 20, 2004 Reply   
FBF// Yes.
I called this morning. I will login msn now.

Bangkok FBF 02:40 GMT April 20, 2004 Reply   
HK AB//I looked for you today on MSN and didn't see you. Did you make the call?

Miami OMIL (/;-> 02:37 GMT April 20, 2004 Reply   
T/L holding up for eur/usd but I don’t have a buy signal yet IMHO.

Porto PJT 02:37 GMT April 20, 2004 Reply   
Eur/usd , fibo at 1,1950, hourly trendline around 50 too and daily 200 mva comes at 1,1927 and havent already closed below the 200 ma on a daily basis.Daily candles formation sugest euro lower , but safer shorts only below 50 level and keep watching daily close for continuation or not.all imo, gt.

sgp sp 02:36 GMT April 20, 2004 Reply   
good morning ab.

hk ab nz 0.6 02:33 GMT April 20, 2004 Reply   
sp// remember what I said yesterday? If dlr/cad doesn't go wild, other majors will not go too far away.

longed dlr/jpy 108.45 this morning.

hk ab nz 0.6 02:31 GMT April 20, 2004 Reply   
nt// 108.80 target met.
now waiting for 109.30 to reverse short. hoping to see this within US session.

viies// are u still keeping your plan? I added long eur 1.1965.

Brisbane L 02:27 GMT April 20, 2004 Reply   
Thought we may have seen the Aud higher today but if it closes below 73.80 think all bets are off any views out there, very quite today

LAX-LGB SNP 02:16 GMT April 20, 2004 Reply   
interesting daily formation on EURUSD & AUDUSD

expecting USD to gain much more after USDCAD and USDCHF get past 1.35 and 1.305x respectively

GL GT everyone :-) have fun

Melbourne Qindex 02:08 GMT April 20, 2004 Reply   
Melbourne Qindex 23:45 GMT April 17, 2004
EUR/USD : Interpretation of the Following Equation

The market is going to vibrate around the 44-day cycle quantised level at 1.1876 with an expected magnitude of +/- 183 pips. Projected supporting point and resistant point is positioning at 1.1511 and 1.2241 respectively. The market rhythm of the 44-day cycle is represented by 365 pips. The following equation is still valid for another 22 trading days.


Melbourne Qindex 23:30 GMT April 17, 2004
EUR/USD : 44-Day Cycle Reference (17/03)

... 1.1511* ... // 1.1694 - 1.1785 - 1.1876* - 1.1968 - 1.2059 // ... 1.2241* ...

Ldn 02:02 GMT April 20, 2004 Reply   
UK police foil soccer bomb attacks
LINK

Melbourne Qindex 01:44 GMT April 20, 2004 Reply   
hk revdax 01:38 GMT - USD/JPY : I will post them later.

Brisbane L. 01:41 GMT April 20, 2004 Reply   
Aussie Dollar takes a hit on merchandise imports March A$11.36 billion from A$9.46 billion in February,
however, machinery and transport equipment accounted for the largest proportion valued at A$5.10 billion

hk revdax 01:38 GMT April 20, 2004 Reply   
Q//Anything on $/JY? TIA

Caribbean! Rafe... 01:26 GMT April 20, 2004 Reply   
EUR/USD UPPER BANDS 1.2029 1.2043 1.2061 1.2075 1.2089 1.2107 1.2135
LOWER BANDS 1.2001 1.1987 1.1969 1.1955 1.1941 1.1923 1.1895

GA TJ 01:01 GMT April 20, 2004 Reply   
Well that one didn't last long. Swissy stopped at B/E. USDJPY barely hanging on. Stop there is also B/E.

Miami OMIL (/;-> 00:51 GMT April 20, 2004 Reply   
GA TJ 00:45 GMT April 20, 2004
I have tried everything already even burning my favorite socks. These small ranges kill my intraday positions as I stated before because I look for bigger moves and they are just not happening as of late. I believe we will have to wait for Greenspan to throw some wood on the fire because it sure feels cold out here lol. GL GT

Melbourne Qindex 00:50 GMT April 20, 2004 Reply   
EUR/CHF : Since the market can hit the low at 1.5490 in the last session, I suspect that longer term cycle is governing the current movement.

GA TJ 00:48 GMT April 20, 2004 Reply   
Stop on Swissy trade has already been moved to B/E. Normally I would give it more room to work but my system has been breakeven for the last few days. So if it goes it goes if not , well, so be it.

Montréal Taro 00:46 GMT April 20, 2004 Reply   
Quito Ecuador Valdez

I'd like to have the adress of your chat
In hotmail, my username is ttaro27

GA TJ 00:45 GMT April 20, 2004 Reply   
OMIL, my system has Euro Short from 1.2006 and Swissy Long from 1.2920. Due to lack of conviction I only took the Swissy (lower PIP value). But we might need to have some sort of group meditation or seance (sic) to get some follow through. Or I am open to any suggestion.

Also Long USDJPY from 108.56 from earlier this morning. Rode that non-performing dog all day. Just barely in the Black now.

Melbourne Qindex 00:44 GMT April 20, 2004 Reply   
Melbourne Qindex 04:01 GMT April 19, 2004
EUR/CHF : The key quantised level of my weekly cycle is located at 1.5558. A projected supporting level is positioning at 1.5501 - 1.5508 and a projected resistant level is expected at 1.5608 - 1.5615.

Melbourne Qindex 00:43 GMT April 20, 2004 Reply   
Melbourne Qindex 00:57 GMT April 19, 2004
EUR/GBP : The key quantised level of my weekly cycle is located at 0.6663. Initially it has a tendency to trade between 0.6631 - 0.6663 - 0.6694.

ny amc 00:38 GMT April 20, 2004 Reply   
does anyone have any input on eur/gbp and eur/chf. I appreciate it, thanks

Miami OMIL (/;-> 00:34 GMT April 20, 2004 Reply   
I have retracement from the last bullish move for eur/usd to 1.1990-2000 were it is struggling to get through 1.1965-75 and 1.1945-55 these are rough numbers IMHO. GL GT

Melbourne Qindex 00:33 GMT April 20, 2004 Reply   
USD/JPY : Current Comment.  Register with [email protected] if you have no access to my page.

ny amc 00:22 GMT April 20, 2004 Reply   
singapore pilot..............how do you find that type of info

Melbourne Qindex 00:14 GMT April 20, 2004 Reply   
EUR/USD : Current Comment.  Register with [email protected] if you have no access to my page.

Melbourne Qindex 00:13 GMT April 20, 2004 Reply   
Melbourne Qindex 00:02 GMT April 20, 2004
EUR/USD : the key quantised level of my daily cycle is positioning at 1.2026. The current expected trading ranges are 1.1978 - 1.2002 - 1.2026.

Quito Ecuador Valdez 00:09 GMT April 20, 2004 Reply   
Miami//
Yes there is but per rules I can't advertise it here. We want this, many of us do, i.e. see Raven's post below...email Jay for my chat room or my email. [email protected]obal-view.com

Melbourne Qindex 00:03 GMT April 20, 2004 Reply   
EUR/USD : Current Comment.  Register with [email protected] if you have no access to my page.

 




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