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Forex Forum Archive for 04/21/2004

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Normandy Nick 23:59 GMT April 21, 2004 Reply   
Ok then, I'm glad to make this little experience with you, for the first time in public and in live. We are going to open above 1.7680 in 1 minute. If so, then buy at 1.7660 (or the closest as possible)for 1.7720. If we touch 1.7720 before then sell for 1.7660. Simple. If the trade is going wrong. square the position 60 pips away, stop or reverse at +10 pips. I can't say you to trust me so, just do it on the paper this time, and you'll see. It works very very well and a big mega shame on me if it fails. GT guys.

Miami OMIL (/;-> 23:59 GMT April 21, 2004 Reply   
Good to hear you got your profit GEP I guess you got the last laugh after all lol.

Miami OMIL (/;-> 23:56 GMT April 21, 2004 Reply   
FWIW on eur/usd there was some options taken out and stops that were under the 1.1800 area which created the quick dip we have seen. Next support is around the 1.1740-50 area but I am still a bit nervous about any short positions at this stage with out a well-needed bounce. If the train leaves with out me then that is fine I will wait for another but I will not short at these level at this time IMHO

Dallas GEP 23:56 GMT April 21, 2004 Reply   
Euro/JPY looks like it is collapsing guys. This is support at FIG but I don't think it will hold it for long

Brisbane L 23:51 GMT April 21, 2004 Reply   
We may see Euro down to around the 117 before any correction and looking for aud 7180-90 before going long, Qindex do you see Euro at very oversold levels now is that why the caution? thanks

Brazil, JH 23:46 GMT April 21, 2004 Reply   
I got a little burned on Greeny too, I got most
of it back on a small short on EUR/USD but out of it now.

Normandy Nick 23:39 GMT April 21, 2004 Reply   
hi, back in the battle. It's been a nightmare today eventually. I got smoked after Greenspan intervention ,up/down/up/down... and I crushed 120 pips to satify my greed.That was one of those histeric day plently of contradiction (like a woman!)
For today, an up move is favored right now unless we open under 1.7670. I will tell you on time what I think is likely to happen. But don't worry this work 9 times out of 10 (fully!) if you can afford a risk of 60 pips. May the force be with you.

Dallas GEP 23:38 GMT April 21, 2004 Reply   
Got my +50 pips on my eur/chf shorts. Lost 32 pips on a quick euro long when figure collapsed. E/Y shorts are working well and I believe I will see target of 128.70. I think EUR/USD now is EXTREMELY dangerous.

Melbourne Qindex 23:35 GMT April 21, 2004 Reply   
EUR/USD : One have to be very cautious for the next 48 hours if your are taking a short position.

Melbourne Qindex 23:34 GMT April 21, 2004 Reply   
EUR/USD : One have to be very cautios for the next 48 hours if your are taking a short position.

Quito Ecuador Valdez 23:31 GMT April 21, 2004 Reply   
I guess this ans. our question of will eur/usd pring 1.17. I'm well on my way to 150 pips.

KL KL 23:06 GMT April 21, 2004 Reply   
USD attacking sleeping ccy traders...he he he

hk ab nzd 0.6 23:04 GMT April 21, 2004 Reply   
what makes eur slip?? seem jpy crosses.

hk ab nzd 0.6 22:51 GMT April 21, 2004 Reply   
jf// welcome back, seldom see u around recently.

Miami OMIL (/;-> 22:08 GMT April 21, 2004 Reply   
I hope so JF thanks again for sharing with all of us and have a good week. GT

sar jf 22:04 GMT April 21, 2004 Reply   
omil good to chat with u hope u are well - gview is an excellent forum for view exchange and always try to add my 2 cents right or wrong - lows or highs are always formed from periods of higher volatility and not so easy to forecast - i saw talk on eurchf before the actual high was 72 or 73 in the real mkt - that is not a good sign being filled higher and will prob lead to alot more regulation in the future - good trades

Rivonia PipPirate 21:55 GMT April 21, 2004 Reply   
ICT ML 21:44 GMT For the novice trader, better to avoid Fridays.

sarasota jf 21:55 GMT April 21, 2004 Reply   
imp levels for the shorter term horizon
eur 1.1860 yen 109.65 gbp 1.7755

Miami OMIL (/;-> 21:54 GMT April 21, 2004 Reply   
sarasota-asia jf 21:26 GMT April 21, 2004
Good to hear from you again missed you around here. Thanks for the info as always hope you are doing well. GL GT

Rivonia PipPirate 21:50 GMT April 21, 2004 Reply   
ny amc 21:40 GMT EST 4AM - 6AM = safest time

ICT ML 21:44 GMT April 21, 2004 Reply   
Pip Pirate...nice advice...I would only modify the "avoid Friday" to "only trading on Friday if you have had a really good week and can take some higher risk chances and still close out a good weekly return"....

Friday will either make a good week into a great week...and a bad week into a disaster.....I believe that 100% from experience...LOL

dc fxq 21:44 GMT April 21, 2004 Reply   
ny amc 21:40 GMT

about 02:00 ET for European trading start.

dc fxq 21:43 GMT April 21, 2004 Reply   
I have 1.1915 bid @14:28 GMT

ny amc 21:40 GMT April 21, 2004 Reply   
Rivonia.............what time in new york time would be the London session...thanks

Zaporozhye, UA Nemo 21:39 GMT April 21, 2004 Reply   
Please, tell me yours datafeeds today's high EUR (bid/ask)!!! TIA

Rivonia PipPirate 21:36 GMT April 21, 2004 Reply   
Quito Ecuador Valdez 21:25 sum moore hints, never trade when AG speaks, or the day b4 or after, avoid/do not trade on Friday, avoid trade around public hollidays, only trade London session.

sarasota-asia jf 21:26 GMT April 21, 2004 Reply   
ab - think same patten as last few days in tokyo initial weakness with a rally mid session quite strong flows at the moment to buy usdyen - one large seller today got a move lower but think it will move above the high from today - eurusd unless u see large momentum that can carry it too 1.1770 dont short down here as there are strong orders around the 1.1800 mark- usdcad correction shud be imminent imo there has been some heavy positioning inthis mkt over last few days and prefer short over 1.36 - see 1.3400/1.3650 range - gl/gt imo

OK SZ 21:26 GMT April 21, 2004 Reply   
think will short around 1.1874 sounds good...

Quito Ecuador Valdez 21:25 GMT April 21, 2004 Reply   
thanx all 4 da help, printed 100% of it on paper & understand 100%...I read over all this stuff! Agree, if this is all the bounce we had from Gspan, it means 1.17 to me...

Gen dk 21:24 GMT April 21, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

CAIRO AG 21:18 GMT April 21, 2004 Reply   
LA// IMO, its TOO risky to go short here... even though price can go down... I suggest u start accumulating shorts from 1.1885 and above. GL

Stockholm za 21:16 GMT April 21, 2004 Reply   
Quito Ecuador Valdez >>> This forum and the rest - have nothing to do with my trading.... i am only here for my day-ly entertainment - i will take a pass from such ---- gl/gt

ICT ML 21:16 GMT April 21, 2004 Reply   
You guys that were awake during NY lunchtime....did those spikes in the 30 min charts actually trade? If that is all the bounce there was off a Greenie event...look out below.

Los Angeles JV 21:16 GMT April 21, 2004 Reply   
Please, Thoughts on the EUR. Thinking about ging short but, it looks like we me near the bottom.

Thanks,

JV

GVI john 21:16 GMT April 21, 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/$ 1.1850…$/yen 109.35
DJIA 10,317, +3 pts…NASDAQ 1,996, +17 pts
10-yr 4.44%, -2 bp’s
PERSONAL OPINIONS:
For a broad range of opening levels click on “GVI’s Market Tracker”:
CLICK HERE


SEE GVI FOR FULL TEXT

ICT ML 21:13 GMT April 21, 2004 Reply   
Valdez......entry orders...like limit buy/sell entries if market touches a specified level, and buy/sell stop entries if the market passes through a specified level. As opposed to clicking on the ever changing blinking bid/ask quote to enter at the current market quote immediately.
Most online platforms though, do NOT differentiate between a true limit entry and a true stop entry. They fill them all as limit entires the first time it touches. One London house though, actually has the dealers manually fill the entry orders, and I never had a complaint with them on how they filled them, as it was like a bank fil. All the rest I use have a computer fill them anytime the quote is within spitting distance it seems...LOL

Anyways, enough on the subject here in the FF for me. Get my email from Jay if you'd like, I have experience with many platforms in live trading.

Bandung Dewan 21:13 GMT April 21, 2004 Reply   
gbp/usd, the pressure is still down for thursday, but friday there will be correction. short at 7785-95; s/l at 7815; t/p: 7616. GL/GT

Quito Ecuador Valdez 21:11 GMT April 21, 2004 Reply   
I only use throw-away ya hoo web, I'm ecdaytrader

Quito Ecuador Valdez 21:09 GMT April 21, 2004 Reply   
stockholm za// I absorbed 100% your last post to include the last.

Leads me to this:
What do you guys think of an additional GV forum that would at your option be along side this one, where you post by filling in a form with a few more elements in "Post Message" page... & does not give way to long text such as this is...

1. a drop down menu = pair traded
2. text field limited to 5 characters (can be done) = price paid
3. two check boxes..one = short, other = long
4. 1 small text field limited to 50 characters (can be done) for textual description.

1,2,3 are mandatory or the form won't submit
archived of course like the other forums

Clean.

you might consider emailing [email protected] maybe with your ideas or approval/disapproval...just a thought to provide a less text oriented button down trading forum.

OK SZ 21:03 GMT April 21, 2004 Reply   
Valdez, I have something for you ...can you put ur email address in the help forum so I can send u something?

dc fxq 21:00 GMT April 21, 2004 Reply   
Stockholm za 20:57 GMT

Good post! BTW: the same holds true of "contest" traders. I have known two who set the world on fire when trading in a contest environment only to "blow themselves up" when they attempted to transfer same to real money trading.

Quito Ecuador Valdez 20:59 GMT April 21, 2004 Reply   
OK SZ// yea me 2! I've seen mucho 1.17 info


ITC ML//
dunno diff. between "entry" order and "market" order...do platforms have these animals? Mine doesn't. I'll trade in whole lots when I step up to the plate in June, does that have anything to do with it? Were you guys like this when you were just learning? (Valdez hiding in the brush a bit!)

My demo has disconnections, sometimes doesn't do an order and leaves me hanging, crashes and sometimes is slow. I guess they factored in real life! Might be wise to have two accts, 2 computers, 2 Valdez's.

OK SZ 20:59 GMT April 21, 2004 Reply   
thanks all for your posts...looking forward to it ML..

Stockholm za 20:57 GMT April 21, 2004 Reply   
MYTH # 3 - Paper trading is all you need to help you become a consistently profitable trader.
TRUTH - The fact is, paper trading is good and has it's place, but trading on paper doesn't (and can't) simulate the real world of trading. And, in some cases, paper trading can even hurt you more than help you. When you start trading live with real money at-risk, you enter an entirely new environment that cannot be simulated.
Too many successful paper traders become overconfident and enter the market unprepared for the mental swings that live trading offers. Often great paper traders can move on to be poor real-time traders.
That's exactly... 5% - 95%
Compliment of - RSHW

Happy trades.......

ps. it will help you keep your cool when you loose and dont come and cause problems on the forum........... lol

Gen dk 20:56 GMT April 21, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

USA Biscuit Boy 20:55 GMT April 21, 2004 Reply   
I think we will see the dollar retrace some of its gains for the rest of the week. Will be interesting to see what the asian boys have in mind th0.

Miami OMIL (/;-> 20:51 GMT April 21, 2004 Reply   
SZ I see a bounce for now a better possibility than a break of the next support area in my system by eur/usd but anything is possible in this market. I have plan A, B and C ready. GL GT

ICT ML 20:49 GMT April 21, 2004 Reply   
SZ...updating my daily charts right now...I'll respond via email in a bit on my take.

Hope you are trading well this month

OK SZ 20:44 GMT April 21, 2004 Reply   
that should read by friday

OK SZ 20:44 GMT April 21, 2004 Reply   
does anyone else feel as I do that we see euro under 118 this evening and probably 115 by firday....farmacia has called for a nice bounce from 117 but not sure about that...

ICT ML 20:40 GMT April 21, 2004 Reply   
Valdez.....in "demo land"....you do not have a dealing desk delaying your feed, slipping your fills, freezing your platform...etc.
In live dealing, the better you get at picking the brokers pockets, the harder they make it on you to do so. If you use entry orders mainly, you will rarely see a problem. But if you use market orders, it can soon become open season on Valdez.

Just something you have to work around is all, and some are more blatant about it than others. But I agree that you should get proficient at the mechanics or order entry and exit on a demo before becoming a real live fish in a barrel...HAHAHA..just kidding friend. We are all fish in a barrel at some point aren't we...LOL



Quito Ecuador Valdez 20:22 GMT April 21, 2004 Reply   
Stockholm za//
Thanks for your advice in the past and now! I'm demoing to develop skill, once I'm confident I'll get a live acct in June. I'm too calculated to trade w/o some experience first..longing..shorting..charts..TA etc..

Ref: differences of "live" and "demo", what differences exist (I know there are some) to compensate them into trading skills I'm developing? TIA, GL GT amigo

Bandung Dewan 20:13 GMT April 21, 2004 Reply   
wow, magic 37!

ny amc 20:09 GMT April 21, 2004 Reply   
Thanks guys

CAIRO AG 20:03 GMT April 21, 2004 Reply   
amc// that Eurchf entries i told u was based on my YESTERDAY's charts... Today, that line is coming in FOR NOW at 1.5566...GL

GER ad 19:57 GMT April 21, 2004 Reply   
ny amc 19:40,
EUR/CHF is stable for the moment.
Resistance at 1.5575 next at 1.5605 (1.5645)
Support at 1.5505 next at 1.5445 (1.5420)
May be worth to try a short at 1.5575 or a long at 1.5505 with tight S/L - IMHO.

nyc sa 19:56 GMT April 21, 2004 Reply   
anyone thinks GBP/ CHF is a short here in sympathy with cable ?

Stockholm za 19:55 GMT April 21, 2004 Reply   
Quito Ecuador Valdez …. If you really want to know about pip trading (raiding) ..
I will advise you to open a real money mini account and start from there, and forget about that demo paper trade foolishness..
For it does not cover all the inner fine aspect of PR.
It’s a tin line between (true & false) – (success & failure)… you know what I mean…
Happy trades to you .....

CAIRO AG 19:48 GMT April 21, 2004 Reply   
amc// Erchf could be a GOOD SHORT from 1.5580-5600 level with a sl just above the figure...GT & GL

ny amc 19:40 GMT April 21, 2004 Reply   
Does anyone here trade eur/chf and if you do what are your comments on it here? thanks

Spotforex NY 19:40 GMT April 21, 2004 Reply   
Radan

Keep up with your transparent views. Win or lose - FF appreciates them.

spot

ICT ML 19:33 GMT April 21, 2004 Reply   
YIPPEE...congrats on last night friend :-)

I covered all open positions in London, after deciding that if "I" had the ability, I would launch a shark attack / stop attack at those levels.....better to be the predator than prey in my view. Also better to just stay away from the screens when Greenie is manipulating the markets via speeches etc....so got some needed sleep while you guys were slinging mud again. What is up with that crap again?

out at 1.3609 $CAD.... .7304 Aud$...1.7729 Gbp$ ... 1.1840 Eur$ in mid London session.

All flat now and for a change this year, haven't blown a huge YTD return imediately after making it....small victory for me!

Wisconsin tim 19:23 GMT April 21, 2004 Reply   
Quito,

Profit objectives (daily, weekly etc) have helped me keep my finger off the trigger button and the fact that I was losing money on the majority of those trades. If I am at my profit objective it is easier to hold back because a losing trade will make me have to enter another trade which could also be a loser and so on.

But I trade so my family can eat, I have left good trades early (usually half way through move =) but I know my family will eat amd I can stomach that.

gl/gt

tim

OK SZ 19:12 GMT April 21, 2004 Reply   
Valdez, your welcome...by the way keep an eye on the 34ema euro bouncing off that...34 is a very good indicator by the way...

Miami OMIL (/;-> 19:12 GMT April 21, 2004 Reply   
Respect that is the key (just like the 1.1880-1900 is right now for eur/usd) for life around you. As I said before it is easy to be a critic but it take courage and great effort to treat others with the respect that one demands IMHO. GL GT

Quito Ecuador Valdez 19:09 GMT April 21, 2004 Reply   
Thanx all. :^)

NYC YIPPEE 19:08 GMT April 21, 2004 Reply   
Honestly I really don't care if Solo is managing $500M or paper trading. He has a good track record as far as I see...



Jubail S 19:03 GMT April 21, 2004 Reply   
Indonesia Solo Raden Mas
You are trying to help people and you are not forcing them to follow your recommendations.
I think that's good

USA Biscuit Boy 19:03 GMT April 21, 2004 Reply   
Valdez every trader has a slightly different style. There are no rules to this game. In the end if what you do makes money consistently month after month then keep doing it! Different people will tell you that you should do this, that and the other. Whatever. Money talks amigo. Whether you trade 50:1 leverage going for a quick 50 pips or trade 5:1 going for 500 pips its all good and don't let anyone tell you different.

clon glenn 19:01 GMT April 21, 2004 Reply   

Cheers Raden

Indonesia Solo Raden Mas 18:59 GMT April 21, 2004 Reply   
friends.. let me say " see you later"
it's time to sleep in my country.
thanks Bogdan.. I will corection myself.

sydney fg 18:55 GMT April 21, 2004 Reply   
wierd. thk u

OK SZ 18:55 GMT April 21, 2004 Reply   
for me I day trade which means I take my profits and book them at days end...I do not like leaving positions open unless I am in a nice trend....lately the markets have been unsure so I take my profit/loss and end there each day...hope this helps

clon glenn 18:54 GMT April 21, 2004 Reply   

Hi Sydney - no spike on my price feed or platform mate

Ina mr.co'z 18:54 GMT April 21, 2004 Reply   
agree with all your statement friends. there's only 2 price possibility, go up or down...and all that we predictons by various charts and indicators. Become will a lot of reason there....,possible we don't question it..

Toronto Bogdan , why you have to laugh at the us here ?.

Normandy Nick 18:54 GMT April 21, 2004 Reply   
Toronto Bogdan 18:41 GMT April 21, 2004
Same for me! I've erased 95% of my daily gain today with that crazy horse! up/down down/up . The very vicious thing of trading is to believe one's can make profit every single day. Then my thought of the day is " when you lose more than you expected to earn after squaring your position just switch off the computer and remember that the one who can make money every single day is not born yet".So I might go out for a beer now. See at the opening, in 6 hours.... GT/GL

Stockholm za 18:54 GMT April 21, 2004 Reply   

EUR/USD At the moment = pivot-value = ~11843 given

Quito Ecuador Valdez 18:52 GMT April 21, 2004 Reply   
Raden// other amigos here..back to my question, do you do a lot of pip trading or mostly focus on larger moves? I have a reason for my question..am finding myself pip trading a lot on demo to break the boredom of longer moves..more stimulating.. BUT..not a lot of use of TA...is this a "good" habit to get into or larger moves better to focus on? Anyone wanna advise me here?

sydney fg 18:52 GMT April 21, 2004 Reply   
did cable just spike to 55-60 or are both my price sources wrong?

Indonesia Solo Raden Mas 18:51 GMT April 21, 2004 Reply   
Toronto Bogdan 18:41 GMT April 21, 2004
my client is long term trader, I only report him if move minimal 100 pips..so I have spare time and I have staff for that.
All system is good. My view is free for everyone, not have to say thanks if right, but not to offence when I am wrong.
Too many view in this forum, why we are here.. for share or offence each other?

Quito Ecuador Valdez 18:47 GMT April 21, 2004 Reply   
Bognen, look, be nice, everyone has their own thing..Raden contributes his things here fortunately...it 's your own private (AS IN PRIVATE) acceptance or unacceptance of posts as to what YOU want to do..needless bickering isn't constructive trading material. If you don't like a post, fine, keep it to yourself so the rest of us can trade. Sorry Jay for this junk post but this is stupid. That's why we need a chat room for the magpies to wallow in.

LA saint3 18:45 GMT April 21, 2004 Reply   
Toronto Bogdan ,

can i see your p/l. My yahoo mail is: dakdikduk

Thanks

sf mike 18:44 GMT April 21, 2004 Reply   
The worst thing you can do is criticize someone's trading style. The best thing to do is shut up. You can criticize the obnoxious comments though.

OK SZ 18:44 GMT April 21, 2004 Reply   
well my system is short from 11844...will hold for now..

Quito Ecuador Valdez 18:41 GMT April 21, 2004 Reply   
Raden amigo..do you do pip trading or larger moves mostly?

Houston ST 18:41 GMT April 21, 2004 Reply   
Another Texas oddity. Enjoy/gl/gt.
LINK

Toronto Bogdan 18:41 GMT April 21, 2004 Reply   
This Raden guy makes me laugh. And the ones who believe him too.

Raden - with over 200k loss (on 1 account ;) ! ) ...it looks like you would be trading big bucks !!! I tell you - if you were trading that kind of money - you wouldn't have soooo much time to post here every other minute.
I don't trade that big and still - I rarely post here. I only open this chat when I want to see news and data, not for Raden's calls...:)...

As for anyone who wants to see the graphs of my P/L email me. I'll send you all the trades and reasons and details about the 5 systems I play.

This game is not that easy. You have to stay on top of it almost 24/7, you wouldn't have time to tann on the yacht or on the beach, or post messages on chat sites if you want to be succesfull. Today I'm done for the day - I turned a green day in a red one and that's the reason I write here and I'm a bit tipsy.

I promise I won't bother you anylonger. Somehow, every time I write here I end up red.
So good luck to you all!....

HOUSTON KEN 18:40 GMT April 21, 2004 Reply   
buying cable here

Indonesia Solo Raden Mas 18:39 GMT April 21, 2004 Reply   
cool....
let's focuse on the chart.

Indonesia Solo Raden Mas 18:36 GMT April 21, 2004 Reply   
Toronto Bogdan 18:18 GMT April 21, 2004
friend..analisis is very easy. trade strategy is number one and difficultness is from each heart if not like this there are many economic professor will be winner in trade (include Mr. Greenspan). I think we are agree with trade with high emotional is not good/danger.
from your stucture statement I think you are emotional trader.
I hope I am wrong about you. sorry.

clon glenn 18:36 GMT April 21, 2004 Reply   

Congrats Bogdan....with only $10,000 to start, even at the bottom of your profit ratio, 50% a month compounded makes you over $250million in 2 years - not too shabby!

Quito Ecuador Valdez 18:35 GMT April 21, 2004 Reply   
OK, back to tradin' y'all. GEP, Nottingham, bc...My charts have made no sence to me, only general principles are displayed and that gives me nothing in this volitility. What do you feel about eur/usd going to 1.17 in the next day or two..it was the concensus yesterday we'd see it by week's end. That's a good measureing stick for other pairs.

toronto Dr Unken Katt 18:33 GMT April 21, 2004 Reply   
my answer : yes I do for real money trade.
you are right.thanks
I have floating loss arround 270000 usd today for one account. cheers

hey raden how does it feel , any butterfies in the stomach??
hope u get out of it

Baz JW 18:32 GMT April 21, 2004 Reply   
Toronto Bogdan 18:18 GMT Raden Mas has never made any secret of his trading - check the archives. GL GT

Stockholm za 18:30 GMT April 21, 2004 Reply   



Toronto Bogdan >>>>>>>>

GET LOSS WITH THAT BULL censored.........

¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤


UAE oil man 18:29 GMT April 21, 2004 Reply   
nyc sa 17:58 GMT April 21, 2004

I Don't see any reasons or indications that it s time to buy ....unless you want to try bottom picking..

)toronto( Dr Unken Katt 18:29 GMT April 21, 2004 Reply   
yeah , lets see those spreadsheets

clon glenn 18:27 GMT April 21, 2004 Reply   

Bogdan - Most guys on here post with a genuine intention to help each other along...if you're thinking the same way I'd love to see your spreadsheet and take any strategic guidance you might be able to offer? Thanks

USA Biscuit Boy 18:25 GMT April 21, 2004 Reply   
Bogdan if you were making those kinds of returns consistently I guarantee you would not be wasting your (and our) time insulting people on this forum. You would be sipping fine wine on a yacht......that is unless you are a complete tool.

Indonesia Solo Raden Mas 18:25 GMT April 21, 2004 Reply   
Toronto Bogdan 18:18 GMT April 21, 2004
my answer : yes I do for real money trade.
you are right.thanks
I have floating loss arround 270000 usd today for one account. cheers

Toronto Bogdan 18:21 GMT April 21, 2004 Reply   
Oh wisconsin - that percentage? Is profit ('course)...

ny amc 18:20 GMT April 21, 2004 Reply   
toronto........I would love to see that spread sheet

Toronto Bogdan 18:18 GMT April 21, 2004 Reply   
Raden - I'm still not clear - you didn't answer - what are you trading? Real money or some demo account. I don't understand what you're saying about Reuter and your desk - doesn't make any sense to me.

And to the other guy - my system is not 100% accurate. The question is - did you ask Raden to post his (real money) trades and show if he is accurate at least 60% of the time?
Trading real money makes a huuuuuuge difference - trust me pal.

If you want I can email you my excell spread sheet system results.
How does 50 to 100 % a month sound to you ;) ?...

Indonesia Solo Raden Mas 18:16 GMT April 21, 2004 Reply   
my view based on 4 hours candle formation too and say good for buy because on the start level for hope more pips profit.
why I suggest buy from 1 minutes chart?
not too worry... and very danger if I decide to sell inn that situation.
If I look buy signal for biggeer cyclic I wait start level for buy in minor cyclic.

Bandung Dewan 18:15 GMT April 21, 2004 Reply   
Yes Raden,
I see the buyers more happy with this low price....

Bandung Dewan 18:14 GMT April 21, 2004 Reply   
Yes Raden,
I see the buyers more happy with this low price....

Va Raven 18:13 GMT April 21, 2004 Reply   
Toronto Bogdan 18:04 - It was an accident and it did work initially. Money is made of papers anyway, real or not, that's a different issue. Easy on my brother.

Indonesia Solo Raden Mas 18:09 GMT April 21, 2004 Reply   
Toronto Bogdan 18:04 GMT April 21, 2004
trade for paper money?
in my desk now is at 01.00 pm. why still with my reuters for more 10 hours everyday.
I hope buyers gbp/usd will be winner. thanks.

Wisconsin tim 18:09 GMT April 21, 2004 Reply   
don't know what his track record is but you can't judge a system on one signal.

Please post your trades/signals so we can see your 100% accuracy

Toronto Bogdan 18:04 GMT April 21, 2004 Reply   
Raden - it looks like your emotion indicator you created sucks big time - Gbp went down instead of up :-) ! lower than 7745/7735 you predicted.
Are you trading with real money or paper money?...

hong kong nt 18:03 GMT April 21, 2004 Reply   
Looking at the relative performance of gold and silver, I guess XAU may survive above 390 for some more days...

nyc sa 17:58 GMT April 21, 2004 Reply   
oilman ,what's ur view of euro/$ ? do u still see it falling or time to buy again ? do u have any particular level for the end of this week ?

Ina mr.co'z 17:57 GMT April 21, 2004 Reply   
GPRS Slow once the way, causing my graph do not access.havent predictions now.
LOL....ya my Louhan is gived a smile for the gbp of your...g/l !

UAE oil man 17:53 GMT April 21, 2004 Reply   
..just back and read the few previous posts..
Have to say incredible what people can see in a 1 minute chart..I m not sure about the monetary value of looking at those charts but it sure does look like a good source of fun..

3 minutes to 150 pips train...buckle your sit belts and money is coming to your account..Ah wait..ok sorry for the stop but this time 2 minutes to a 100 pips train..buckle up it s going crazy :)

Livingston nh 17:52 GMT April 21, 2004 Reply   
KL KL - Long USD/CAD ( a close above 1.36 would be helpful) // might chase the AUD short later

Indonesia Solo Raden Mas 17:51 GMT April 21, 2004 Reply   
Toronto Bogdan 17:04 GMT April 21, 2004
I use time range emotion indicator..create by my self.
based on repeat of pattern(emotion).

KL KL 17:49 GMT April 21, 2004 Reply   
Livingston nh, what are you nursing and what possie are you in long short?

Montréal Taro 17:48 GMT April 21, 2004 Reply   
Indonesia Solo Raden Mas
What is your time range emotion indicator ?

Indonesia Solo Raden Mas 17:46 GMT April 21, 2004 Reply   
Ina* mr.co'z 17:42 GMT April 21, 2004
P.1288 got 4 lots today from GBP/usd.
Lou Han project and sea world. LOL

Indonesia Solo Raden Mas 17:43 GMT April 21, 2004 Reply   
caused by 1.7735 was done (in my time range emotion indicator)..actually too early, I think all was finished here and seen ready to move up again,

Ina* mr.co'z 17:42 GMT April 21, 2004 Reply   
hi all...hi Raden !
Whats estimate in market US in this time?

toronto silverfox 17:42 GMT April 21, 2004 Reply   
I sure am hungry for steak

Houston ST 17:39 GMT April 21, 2004 Reply   
A treat for you non-Texans on the site.

LINK

Livingston nh 17:28 GMT April 21, 2004 Reply   
Beige Book - next chance for some movement - Fed's Ind Prod numbers for March did not confirm the Employment, ISM or previous Beige Book -- watch for talk of prices paid and some supply delays // the survey period was also coinciding with the BLS employment dates for April employment so comments about hiring and fewer layoffs should tip strong payroll figures

LAX-LGB SNP 17:22 GMT April 21, 2004 Reply   
interesting daily formation on gbpjpy, usdcad, eurusd & usdchf with a few hours for NYC to close

no top picking intended but it appears that US$ will have to surrender some of its gains before this week is over

USA Biscuit Boy 17:18 GMT April 21, 2004 Reply   
Ty Raden and Dr.Q.......gold as usual :)

Indonesia Solo Raden Mas 17:11 GMT April 21, 2004 Reply   
nice take off position for gbp/usd now.

Indonesia Solo Raden Mas 17:06 GMT April 21, 2004 Reply   
it's time.
go !

cairo fa 17:05 GMT April 21, 2004 Reply   
Indonesia Solo Raden Mas
thanks sir , do u belive that gdp will break the day high 1.7866

Indonesia Solo Raden Mas 17:04 GMT April 21, 2004 Reply   
use 1 minutes chart gbp/usd
to stay here only have 5 minutes from now. after that..maybe go up again.

Toronto Bogdan 17:04 GMT April 21, 2004 Reply   
Raden - would you mind telling us how could you see that acceleration on Gbp/Usd earlier? What indicators/charts/methods are you using?
Thanks, I appreciate it!

Los Angeles sls 17:03 GMT April 21, 2004 Reply   
Raden, what are your thoughts on GBPvsUSD at 1.7760 level? Which way from 1.7760. Thanks.

Indonesia Solo Raden Mas 17:01 GMT April 21, 2004 Reply   
Bandung Dewan 16:52 GMT April 21, 2004
LOL.. just a joke Dewan.. just my lucky.
my daughter aussie is well now.
gbp/usd still have 20 minutes from now to move up..but after 20 minutes will get selling pressure for 55 minutes for corection only (ideal to get 1.7745-35) before go higher than 1.7812. IMO

Oakland Daimyo 17:01 GMT April 21, 2004 Reply   
Please note: technical tools such as trendlines can be used with OBV, however I would not use an average of OBV since it's already an average.

cork g 16:59 GMT April 21, 2004 Reply   
thanks!

Oakland Daimyo 16:55 GMT April 21, 2004 Reply   
Miami met---Use OBV, which uses tick volume (not true volume but good proxy for activity) Look for Price/Volume divergences within retracement zones and MA's. Watch for failures. Also, use 20 x 3 P&F for med-term tgts and 20 x 1 P & F for intraday triggers. Far too much to explain here but what's important is the concept of the composite operator. My style of trading is secondary.

Global-View 16:52 GMT April 21, 2004 Reply   
Cork g. Check out our bookstore on LINK amd check in Advanced Search under the author Hutson.

Bandung Dewan 16:52 GMT April 21, 2004 Reply   
Raden Mas, your methode is understandable. you have said to me about kum-kum methode? where is I can find the book? or, can you teach me? is your aussie well now?

Oakland Daimyo 16:49 GMT April 21, 2004 Reply   
Dr. Hank Pruden, David Wood, & Bruce Frazier---Golden Gate University---try TSAASF (Technical Securities Analyst Association of San Francisco) Review. Also, many articles have been writen in S&C as well as Active Trader. Many very good traders have studied w/ these "masters", Linda Raschke for one. Had the opp to meet and discuss w/ her.

Rye, NY et 16:48 GMT April 21, 2004 Reply   
cork g 16:40 GMT April 21, 2004
author:Jack K. Hutson

Belgium sidekick 16:46 GMT April 21, 2004 Reply   
Cheers Raden!

Newcastle GH 16:46 GMT April 21, 2004 Reply   
Indonesia Solo Raden Mas

Hats off to that one sir!

Miami met 16:45 GMT April 21, 2004 Reply   
Oakland-- how do you apply Wyckoff Method to Fx when there is no fx volume information? Do you watch futures volume numbers or just the speed of the market in place of volume?

Good trading!

Swiss DG 16:44 GMT April 21, 2004 Reply   
Good call Raden, thanks!

Va Raven 16:43 GMT April 21, 2004 Reply   
Ok, I got it.

Indonesia Solo Raden Mas 16:42 GMT April 21, 2004 Reply   
Va Raven 16:38 GMT April 21, 2004
up.

Indonesia Solo Raden Mas 16:42 GMT April 21, 2004 Reply   
Va Raven 16:38 GMT April 21, 2004
up.

Indonesia Solo Raden Mas 16:41 GMT April 21, 2004 Reply   
Va Raven 16:38 GMT April 21, 2004
up.

LA ARTOFYEN 16:41 GMT April 21, 2004 Reply   
Pumpkin, one of my old chief dealers in the day got fired because he threw a chair at a corporate dealer because she asked him if the market was really there!!! He was the leading money maker at this big US commerical bank but the CEO of the bank asked 4 times, "You mean someone threw a chair at one of our employess?" I guess 10 mio a year in profits wasn't enuf to keep that wild card....Moral is to control your emotions during these whippy times......I got it good as he only hit me over the head with his microphone when i went teh wrong way on a call out!!!

ny amc 16:41 GMT April 21, 2004 Reply   
where would you find the " composite operator principle "

cork g 16:40 GMT April 21, 2004 Reply   
Oakland Daimyo 16:32 GMT April 21, 2004
Can you tell me Where I can find any info about Wyckoff Method.thanks

Va Raven 16:38 GMT April 21, 2004 Reply   
Indonesia Solo Raden Mas 16:27 GMT

Which way is that acceleration going to be? Time is up now.....

Indonesia Solo Raden Mas 16:36 GMT April 21, 2004 Reply   
go !!

Indonesia Solo Raden Mas 16:35 GMT April 21, 2004 Reply   
I use 1 minutes chart for gbp/usd.
be carefull now is on the critical time.

Oakland Daimyo 16:32 GMT April 21, 2004 Reply   
Wyckoff Method helps me keep focus on the big picture. I use other technicals to time trades within this framework. Right now I'm working a sell uptick, buy on dip strat (USD buying operations) Trying hard not to be enticed by breakouts as many are false in this 24 hr mkt.

USA Biscuit Boy 16:29 GMT April 21, 2004 Reply   
Thanks for that tip on cable Raden. Hoping to ride it above figure.

Oakland Daimyo 16:28 GMT April 21, 2004 Reply   
ny amc-- observation and experience. Also, it helps that I follow the Wyckoff Method which is all about reading mkt "manipulation"---The composite operator principle to be exact.

Indonesia Solo Raden Mas 16:27 GMT April 21, 2004 Reply   
gbp/usd will up. it's time and will get acceleration after 9 minutes from now. IMO. let's see.for start to go above 1.7812

Van jv 16:26 GMT April 21, 2004 Reply   
Toronto Silverfox 15:13 GMT April 21, 2004
does anybody actually listen to IMF?????
//IMF: Further drop of USD needed in MT//
........maybe not many, but this time they are right, imo: US needs weaker USD both for deficits and recovery....it could even be...who is ruling IMF? .......opinions?

chester wb 16:23 GMT April 21, 2004 Reply   
gep; my platform shows high of 5581 for euro/chf so screw the folks that criticize you. I appreciate your posts. keep up the good work

ny amc 16:23 GMT April 21, 2004 Reply   
Oakland............how do you learn what your talking about........i traded stocks proffessionally for 10 years and am new to this and it is quite different

Oakland Daimyo 16:21 GMT April 21, 2004 Reply   
Everyone must remember the dealers main objective is to open/close as much business as possible and collect the spread. Without this spread income, dealers would not have ammo for buying/selling campaigns. I spoke earlier about bringing in the troops before next assault lower (EUR/USD, GBP/USD, AUD/USD) Retracements allow operators a chance to shakeout weak hands and load up inventory for next operation. This is accomplished by "shark feeding" and other classic "manipulations" . It serves no purpose to complain just learn how the game is played so that you can profit from the sucker class.

Miami OMIL (/;-> 16:20 GMT April 21, 2004 Reply   
Daimyo I am sure this is not the only platform that does this either by a long shot. FWIW eur/usd might not have much of a boost if gold is any indicator as it is heading down for now and so is the eur/usd if this continues IMHO. GL GT

Dublin CK 16:20 GMT April 21, 2004 Reply   
That Alaskan Malmuth and pit bull, sound like my girlfriend. Good dont i love a rough and tumble.

The last two black eyes were well worth the work out.

Kiddin, sorry ill keep the posts FX related.

I read a book recently by Constance Brown, the renowned S&P investor. And she made the point that the Dax and the German economy are early warning signs of what may come in the US.Yesterdays poor german ZEW figure (4 month in a row) got me thinking, is this an early indicator for what may occur in the US if the cost of borrowing is being factored at this stage?

Dallas GEP 16:19 GMT April 21, 2004 Reply   
OK Thnaks

Montréal Taro 16:18 GMT April 21, 2004 Reply   
Gep, mine play very hard, if he uses his teeth I better stop, or I'll have some marks for few days. He's part wolf.

I might have a suggestion for your platform problem, if you're interested see my past posting and reach me.

Oakland Daimyo 16:16 GMT April 21, 2004 Reply   
Miami OMIL-- That is why I have warned against playing the crosses. The electronic platform is there but the liquidity is dominated by interbank players. For the dealers (casinos) these currency pairs are better than slots. Consistent payoff.

Dallas GEP 16:14 GMT April 21, 2004 Reply   
Well Taro, I am probably stronger than the dog SLIGHTLY but she has bigger teeth than me (slightly). I don't think she is giving it her full effort though!!!

On the currency side, USD/CHF should be watched for LONGS

Montréal Taro 16:08 GMT April 21, 2004 Reply   
same

Miami OMIL (/;-> 16:08 GMT April 21, 2004 Reply   
I was doing a little research on the spikes by FX** and I found out that between this week and last there have been at least 5 spikes out of the ordinary on the eur/chf pair that I could account for. This is alarming to see as they can take your stops at will with out any remorse. Like this business was not tough enough when you finally catch the fish they won’t let you take it out of the water.

Montréal Taro 16:08 GMT April 21, 2004 Reply   
Gep I do the sme with my alaskan malamuth of 120 pounds.

Oakland Daimyo 16:02 GMT April 21, 2004 Reply   
BA BOCA 15:55---That's the best way for a MD to get a traders attention. It's amazing to see a hard black phone w/ a 10 ft cord fly across a trading desk. "Can you hear me now?"

Dallas GEP 15:59 GMT April 21, 2004 Reply   
Boca, at my place I have @ 90 pound PIT BULL I wrestle with for stress releif. We go the best of three falls and then I get back to the trading room. LOL

Helsinki iw 15:58 GMT April 21, 2004 Reply   
For sure BOCA, we alwyays wondered how those suckers
wouldn´t hold for more than a week. Hah.

Tor Pumpkin 15:58 GMT April 21, 2004 Reply   
haha, Boca, and smashing the reuters key board. You end up having to strategically replace the "e" key with a "q" or something underused. hahahha

B.A. BOCA 15:55 GMT April 21, 2004 Reply   
Helsinki iw // Phone-tossing seems to be a favorite stress-reliever in the fx world. Every shop I've worked in saw those suckers fly! GL

Stockholm za 15:52 GMT April 21, 2004 Reply   

Dallas GEP >>> 2 more day`s to go .... Happy trades ....

Helsinki iw 15:51 GMT April 21, 2004 Reply   
And not surprisingly the frequency of the personal abuse goes
up on days of high volatility. Maybe it´s not significant but
when I was in the market I found that the guys who could
control their emotions always performed best, the types who
started bitching with the brokers on a busy day took their
eyes off the ball.

Off to the bar, back tomorrow with a hangover, gl+gt

Oakland Daimyo 15:50 GMT April 21, 2004 Reply   
FWIW: I'm out Cable intraday short (+55). R/R and probability do not favor being greedy today. Besides, I'm trying to get away from intraday trades and sit on position trades. Sometimes it's hard to resist my intraday background. I've found that med-term trades are more profitable for me and clients/partners like green no matter how small and prefer more green than red. Safety first/ Opportunity next. Sometimes saving ammo for later operations is the best trade.

Montréal Taro 15:48 GMT April 21, 2004 Reply   
Gep, may I ask your email to Jay ?

Dublin CK 15:47 GMT April 21, 2004 Reply   
Baz JW 15:40 GMT April 21, 2004

Good point JW, totally agree.

Montréal Taro 15:46 GMT April 21, 2004 Reply   
Baz JW

I agree with you on that, anyway peoples on the forum know who they can trust here. Gep is one of the good trader here and he proves it with his call. The "others", does anyone ever saw a call made by them ? If they do, do they make money ?

Gep or any other good trader shouldn't even pay attention to those... neither answer their questions. There is a limit to bit the hand of peoples who try to teach or help you.

Dallas GEP 15:45 GMT April 21, 2004 Reply   
ARTY, Great point. I find this platform CONSTANTLY is off market and that's why I have others as well with accounts that are much more heavily funded. Being OFF market is generally to the detriment of the smaller guys like us. This ONE time it worked to my advanatage BUT I have to widen stops 5-7 PIPS on this platform compared to others so that is a PRIME example of why it is good to try several platforms before full committment.

Baz JW 15:40 GMT April 21, 2004 Reply   
Maybe we should all stick to trading and concentrate on
our own trades instead of continuously looking to criticize each other. I don't see why anyone on any forum should feel compelled to prove to others that they have taken the actual trades. It appears that these outright belligerent and antagonistic personal attacks are confined to a few members and should be ignored. GL GT

LA ARTOFYEN 15:37 GMT April 21, 2004 Reply   
Word of advise to the newbies or any of ya dealing on platform that can pick and choose their highs and lows outside the realm of the EBS "real world"..........the only reason they are getting those prints is not to get Dallas a great fill at 80 but to nail the other 85 % of their orders which are stops up to 95. You know how much mone ythat shop made by printing 95? I can guarantee you it was a pleasure for them to fill Dallas!! As for me, I'd rather do my gambling in Vegas and leave orders were I know it has to deal to get me in or out but that is silly old me!!

Oakland Daimyo 15:36 GMT April 21, 2004 Reply   
Careful people, shark-feeding is at a high for now. Operators trying hard to gain a following. Pump and dump strat remains in focus. My GBP/USD 1.7780 limit sell filled but I'm not looking to hold for long. Looking to get to the sideline soon (intraday) Specs w/ tight stops might want to sit this one out. At least until the dust settles. NY close will be important clue for the rest of the week. GT to all.

Nottingham 15:36 GMT April 21, 2004 Reply   
Chicago Irish 15:31 GMT

imo none of these "bookies" have any integrity...if you're trade isn't dealt you will always be open to abuse...you get what you pay for in the end...gl gt

Bkk CAD 15:34 GMT April 21, 2004 Reply   
Someone fished my sell stop on AUD/CAD, NOT HAPPY!!! (but I'm over it now).

melbourne farmacia 15:34 GMT April 21, 2004 Reply   
ab - nothing my end until 05 may.

Toronto Silverfox 15:33 GMT April 21, 2004 Reply   
Feds parry .. Fed may hike rates
significantly to fight off inflation ..US futures
getting crushed

Toronto Silverfox 15:33 GMT April 21, 2004 Reply   
Feds parry .. Fed may hike rates
significantly to fight off inflation ..US futures
getting crushed

Bkk Cad 15:29 GMT April 21, 2004 Reply   
uuooo anyone see the euro back to 1.1800 from ere?

Sydney gvm 15:28 GMT April 21, 2004 Reply   
Newcastle GH
Point taken mate, as a CTA position trader I look at these intra day movements with a shake of the head and take my hat off to you dudes who can in-out successfully. My grey hair makes me forget the days of price making in bonds where I loved to do the same GL/GT

USA Biscuit Boy 15:28 GMT April 21, 2004 Reply   
Well I think we all must remember most of us here don't trade interbank but on a retail platform! As there is no central exchange in forex these retail platforms may trade any price they wish. Like it or love it thats just the way it is. Also remember EBS matching system accounts for 60% of transactions so there is a significant amount of deals going on at potentially very different prices than what is traded on EBS.

NYC Bill 15:28 GMT April 21, 2004 Reply   
Andras, eat me.

hk ab nzd 0.6 15:26 GMT April 21, 2004 Reply   
farmacia, just curious to ask. Is tomorrow some sort of cycle day as well?

Pecs Andras 15:25 GMT April 21, 2004 Reply   
NYC Bill 15:21 GMT April 21, 2004
Bill
I never trade that pair. I just checked it out because you criticized GEP for something that was unfair. He admitted that he did not really know how that trade was filled, because he left the order there just in case. It does happen in forex, especially at times like these.
And my trading platform was showing the price he mentioned too. That was the only reason I made my comment.

OK SZ 15:25 GMT April 21, 2004 Reply   
what the censored difference does it make to you guys...just stick to your trades and stop this nonsense....Jay send these fools in the kids area somewhere...Geez this is getting ridiculous..

Gen dk 15:22 GMT April 21, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Newcastle GH 15:22 GMT April 21, 2004 Reply   
Sydney gvm
I am not a pip raider anymore, but I have been doing it (skalping) for many, many years and this i precisely the kind of crap where I used to make most of my money! But it's so censored stressful I gave it away! I traded 1min and ticks over the phone with futures and lived for this kind of horror!

NYC Bill 15:21 GMT April 21, 2004 Reply   
Well Andras, if the chart spike on the chart says it was there, then it must be true. How many did you get out? The sad thing is chaps, is that people here are starting to believe their own BS. Sad but true. The real trading world is alot different than what you think. Good luck anyway. I wish no one any harm. I just cant stand to see lies.

Tor Pumpkin 15:21 GMT April 21, 2004 Reply   
gosh, Yippee. Fragmented and completely ignorant! EBS high def 73. Anything above that, you guys should re-evaluate the integrity of your platform.

Ljubljana, the EBS low in USDCHF was 1.3042.

Dallas GEP 15:21 GMT April 21, 2004 Reply   
Well Bill, I just said it was off market and it got filled. Whether or not you or SID believe that or not, I don't give a *hit. I have produced records to JAY on numerous occasions showing fills that you are your coharts have questioned and once it again it proved you WRONG. No apologies from you guys either and none are expected. All I can do is try and make money and share. It does please me howver that I am a source of aggravation for you and SID along with some others from the OTHER side. Those that CAN, DO and those that CAN'T criticize. That's all I will say on the matter but stay tuned I am sure you will find something else idiotic to post.

london phil 15:18 GMT April 21, 2004 Reply   
NYC Bill 14:29 GMT April 20, 2004
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.

i would take a look at your own posts before you start criticising other peoples bill.
Do you want to tell us what the point of that post was above.

Pecs Andras 15:18 GMT April 21, 2004 Reply   
NYC Bill 15:13 GMT April 21, 2004
Mate, if you can see, not only talk, take a look at the free charting software offered here. At 14:00 GMT there was a spike up to that level on EUR/CHF

bkk cad 15:17 GMT April 21, 2004 Reply   
CAD target= I'll be happy at 1.3500 neat. Night Folks!

SA Newbie 15:17 GMT April 21, 2004 Reply   
censored tradestation show high of EUR/CHF as 1.5599. Planet earth!!!!

NYC YIPPEE 15:16 GMT April 21, 2004 Reply   
Guys believe it or not this kind of stuff does happen. The market has become very fragmented.

bkk cad 15:15 GMT April 21, 2004 Reply   
Looking at hourly Aud candle, think I can get out of my Aud short at .7311?
SAM $/CAD target

Toronto Silverfox 15:13 GMT April 21, 2004 Reply   
does anybody actually listen to IMF?????

Ljubljana 15:13 GMT April 21, 2004 Reply   
Hi friends, what was low today for USDCHF?

NYC Bill 15:13 GMT April 21, 2004 Reply   
Pecs Andras 15:11 What color is the sun on your planet?

Sydney gvm 15:12 GMT April 21, 2004 Reply   
no offense meant but are any of you pip raiders making money in this crap?

Van jv 15:12 GMT April 21, 2004 Reply   
IMF: Further drop of USD needed in MT

Pecs Andras 15:11 GMT April 21, 2004 Reply   
GUYS
On my platform the high of EUR_CHF is 94/99 so no wonder GEP got filled. He uses the same platform

Pecs Andras 15:09 GMT April 21, 2004 Reply   
GEP
Any views on CAD?
I have ashort just opened recently from 3570 with a stop above 36. But I do not want many pips, target is open now.

NYC Bill 15:09 GMT April 21, 2004 Reply   
58 was the high in the last round on Earth.

LA SID 15:08 GMT April 21, 2004 Reply   
Wow.....EBS high in eur/chf was 73 but inside Disneyland apparently 80 was paid by goofy, or was it mickey? My guess it was Pinocchio!!!!!!

NYC Bill 15:08 GMT April 21, 2004 Reply   
Here we go again. The ABSOLUTE high Interbank EBS Euro/swiss is 1.5573. How stupid do you think we all are?

Dallas GEP 15:03 GMT April 21, 2004 Reply   
Basically what Greenspan did was to soften his stance on the possibility of a rate hike (IMO). SO market took that as USD negative of course but PROBABLY only temporily (also IMO).

Got a fill on Eur/CHF @ 1.5580 short but I have no Idea HOW. Bank must have offered and I had a limit sell waiting so they took it. This has happened several times on this platform but more often than not they fill stops that are NOT at market rates (to your disadvantage). Nice to be on the other end at least ONCE!!! LOL

I have some EUR/YEN shorts I am nursing now. Didn't take any Euro of Pound possies yet today nor any usd/chf longs either.

Gen dk 15:02 GMT April 21, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Rye, NY et 14:59 GMT April 21, 2004 Reply   
Short USD/CAD 1.3572;cut 1.3650;take 1.3350

Bkk Cad 14:57 GMT April 21, 2004 Reply   
What happened to the little rally?

Pecs Andras 14:53 GMT April 21, 2004 Reply   
I think it is going to be limbo now, this whole market. I have taken 19 quick pips and staying sidelined

hong kong nt 14:51 GMT April 21, 2004 Reply   
Raden Mas -- long time no see, how's your day ?

Gen dk 14:51 GMT April 21, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Indonesia Solo Raden Mas 14:46 GMT April 21, 2004 Reply   
ideally after 50 minutes from now gbp/usd will start move up to break 1.7812. now is on the range time selling pressure for 50 minutes. IMO

B.A. BOCA 14:45 GMT April 21, 2004 Reply   
Ldn Hat // agree with you...the real change came yesterday

Miami OMIL (/;-> 14:45 GMT April 21, 2004 Reply   
Hello Raden

Ldn Hat 14:41 GMT April 21, 2004 Reply   
B.A. BOCA The main thing market was IMHO looking for is to see the "We can be patient " phrase removed and it has been removed... after the market digests what has been said I am sure the signal has been given that the FED has become neutral to more offensive IMHO

Indonesia Solo Raden Mas 14:41 GMT April 21, 2004 Reply   
hello .

B.A. BOCA 14:37 GMT April 21, 2004 Reply   
Ldn Hat 14:32 GMT // seems like they like the FED likes to replace one catch phrase with another.....maybe 'SOMETIME' is the one the marketing dept is going with now?

Miami OMIL (/;-> 14:33 GMT April 21, 2004 Reply   
HC the market has taken his words as a no rush on the rate hike with eur/usd slamming to the first fibo and looking hungry IMHO.

Ldn Hat 14:32 GMT April 21, 2004 Reply   
London HC His comments are neutral, they have gone from defensive to neutral, that means that they are going to look for more data to prove that the economy will turnaround and with that make a move, correct me if I am wrong but FOR ME IMHO HE HAS REMOVED THE PATIENCE WORD.

Sydney alimin 14:32 GMT April 21, 2004 Reply   
what did greenspan actually say?

Helsinki iw 14:32 GMT April 21, 2004 Reply   
Fwiw/ EUR/USD will face the first resistance as 1,1950/60 but
this start looks quite impulsive, so would not be very surprised
if it will break. If it does not hold we could easily trade to
1,2150 during the next few days.IMHO

Nottingham 14:31 GMT April 21, 2004 Reply   
Quito Ecuador Valdez 14:24 GMT

as I said yesterday, down then up...maybe too many were short euro, but it doesn't matter why, only that you're on the right side...you'll learn in time as long as you keep things simple; you don't need to be the smartest, only smart enough to take money off the fools below you...gl gt

London HC 14:29 GMT April 21, 2004 Reply   
Has greenspan said anything definitive about a rate hike or is the market implying his comments mean no rush to tighten?

Gen dk 14:29 GMT April 21, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Miami OMIL (/;-> 14:25 GMT April 21, 2004 Reply   
I am out of the intraday position. Key number in my system right now is around 1.1925-35 area for eur/usd. A lot of stops being taken out right now and we need this bounce IMHO. GL GT

Nottingham 14:24 GMT April 21, 2004 Reply   
beijing road 14:19 GMT

cad is really struggling to see o/b (and o/s) levels these days so a move towards the norm is probable...levels to watch are 1.3550 1.35 1.3440 1.3420 the 10 day sma the 200 day sma

Quito Ecuador Valdez 14:24 GMT April 21, 2004 Reply   
It's in the usa favor that the dollar goes down in value..can't help but wonder if Gspan is in on that deal...but the news was not all that BAD, again, one fly speck effects the usd in this market of paranoia.

hk revdax 14:20 GMT April 21, 2004 Reply   
U.K. J.B. //i just sold and will leave the position there until close...

Nottingham 14:19 GMT April 21, 2004 Reply   
a lot of people have been long dollar all week so thing to watch for will be stops/liquidations...I think we need to see a move above the following levels in euro...1907 1934...gl gt

beijing road 14:19 GMT April 21, 2004 Reply   
Nottingham: we will seen 1.3500-1.3520 on usd/cad tonight?

ny amc 14:19 GMT April 21, 2004 Reply   
yippee.............nice calls yesterday....

Toronto Bogdan 14:17 GMT April 21, 2004 Reply   
Looks like there was a leak of news again - markets moved before the old man started to speak. Does anyone know anything?....

Quito Ecuador Valdez 14:16 GMT April 21, 2004 Reply   
Nov is earliest I see for rate hike. forget the word til then.

NYC YIPPEE 14:15 GMT April 21, 2004 Reply   
YIPPEE !

OK SZ 14:15 GMT April 21, 2004 Reply   
well my system gave me a buy signal at 1.1836 and missed it..so standing on the sidelines at the moment...it just gave me a sell signal on the usd/jpy..gl, gt

Pecs Andras 14:14 GMT April 21, 2004 Reply   
Obviously no rate hike any time soon, right?

U.K. J.B. 14:11 GMT April 21, 2004 Reply   
hk revdax 14.03

Yes- if we can break 108.85 significantly well more for a move to 107.60

Mtl JP 14:10 GMT April 21, 2004 Reply   
nh / productivity is the word used to justify unemployment, which would be good IF people valued leisure time.. (not to be confused w/ "early retirement")

Quito Ecuador Valdez 14:10 GMT April 21, 2004 Reply   
Will someone please slip something in Greenspan's coffee? What a dud.

Livingston nh 14:05 GMT April 21, 2004 Reply   
G'span is determined to hang himself with his productivity rope

Nottingham 14:04 GMT April 21, 2004 Reply   
beijing road>>>audusd combi target (yest+today) now done...system all square on this pair now...gl gt

hk revdax 14:03 GMT April 21, 2004 Reply   
Q//Do you think we have seen the hi of $/JY for today? TIA

Global-View 14:02 GMT April 21, 2004 Reply   
Testimony of Chairman Alan Greenspan: The economic outlook LINK

Toronto Silverfox 13:51 GMT April 21, 2004 Reply   
Dow small support 10000 then down 9800. No
bounce in Eur good offers at 1.1870 looks like we want to test 1.1720

Melbourne Qindex 13:44 GMT April 21, 2004 Reply   
GBP/USD : The lower barrier of my daily cycle is 1.7647 // 1.7678 and the mid-point reference is 1.7663. It is likely that we have seen the daily low in London session.

beijing road 13:44 GMT April 21, 2004 Reply   
Nottingham: great calls always.

Normandy Nick 13:42 GMT April 21, 2004 Reply   
Nottingham 13:38 GMT April 21, 2004
Thanks for the info,the Dow Jones is making a new low now...

ham cla 13:41 GMT April 21, 2004 Reply   
EUR/USD: mostly german buyers here at 1.1855/57

Nottingham 13:40 GMT April 21, 2004 Reply   
beijing road...audusd primary o/s for today has just done its target, nicely in time for GS...gl gt

Dublin Flip 13:39 GMT April 21, 2004 Reply   
Meaning rates are going up (we knew that months ago) but we need more info. Right now what we are seeing is the geared types getting a bit of discipline. Ultimately if bonds are getting trashed, stock market is over valued and property is vulnerable to higher rate expectations what assets are these guys buying USD for????

beijing road 13:39 GMT April 21, 2004 Reply   
Nottingham: thanks

OK SZ 13:38 GMT April 21, 2004 Reply   
Flip, totally agree with you on that..gl, gt mate

Nottingham 13:38 GMT April 21, 2004 Reply   
Normandy Nick 13:36 GMT

1116 the downside level to watch on the S&P...1121 the topside

Gen dk 13:37 GMT April 21, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Nottingham 13:37 GMT April 21, 2004 Reply   
beijing road...I'm not aware of the Fairfax's system but I've put a few comments regarding the accuracy issue...gl gt

Normandy Nick 13:36 GMT April 21, 2004 Reply   
The Dow Jones is under pressure.

Dublin Flip 13:36 GMT April 21, 2004 Reply   
I agree with that SZ.
We have only had the one months data to hang ourselves on. Yes Rip Van Greenspan should have raised rates from pallative care settings a year ago but now evryone is a little more addicted to the morphine so the reaction could be a little noisier than it should be. I think AG is happy to see some better jobs numbers but 308k jobs (all being part timers) in one month is not exactly the sign of the exploding economy CNBC would like us to believe. Remember when 300k was considered flat given the population growth of the US???

van Gecko 13:34 GMT April 21, 2004 Reply   
good day Malaga boqueron.. you might be right again..
over the years, April had humble & made fools out of Euro (& its grandfather DMark) bulls & bears alike.. for more on this, please scroll down 88 pages to my 03:34 GMT..:)



Quito Ecuador Valdez 13:33 GMT April 21, 2004 Reply   
Mex sjs..esperome..probs con ch.

SF MRZ 13:31 GMT April 21, 2004 Reply   
IMHO - Eur/$ sell pressure for next two days.

Houston ST 13:30 GMT April 21, 2004 Reply   
snagged some cheaper eur/jpy on the downmove; tp still the same. gl/gt.

OK SZ 13:28 GMT April 21, 2004 Reply   
Flip, yes I agree..my thinking is that interest rates are still far away from rising...with the current account deficit and people using there homes like credit cards..my opinion is that we are getting way ahead of ourselves...but then again my way of thinking is usually wrong:)

Dublin Flip 13:22 GMT April 21, 2004 Reply   
SZ - AG may want to soothe the intrest rate market to put it on a slow bled instead of a yesterday's hameorage and they wouldn't be ecstatic of the equity markets reaction yesterday but currencies???? They could hardly care less about some of the daily and weekly moves. I doubt a 100 pip drop in euro over 24 hours even rated more than a nanosecend at the morning briefing.

Melbourne Qindex 13:19 GMT April 21, 2004 Reply   
Melbourne Qindex 12:54 GMT April 21, 2004
EUR/USD : It has a good chance of closing higher than 1.1855 in the New York session.

Livingston nh 13:18 GMT April 21, 2004 Reply   
Monaco - I'm looking at the NY close and today open

Malaga boqueron 13:18 GMT April 21, 2004 Reply   
Hello van Gecko, re EURUSD. A whooping 50 pips below the critical 1,1865. Problem is however we're not even getting a dead cat bounce, and doesn't look like it's cousin the swissy is doing any better, now firmly over 1,3000 and looking like it wants to head much higher. Can't help but believe still much lower levels to be seen on EURUSD. Too many EURO bulls still around waiting to be converted before the rally can begin.

Melbourne Qindex 13:18 GMT April 21, 2004 Reply   
GBP/USD : A projected barrier is expected at 1.7833 - 1.7897.

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 // ...

OK SZ 13:17 GMT April 21, 2004 Reply   
after the speech by greenie yesterday I have a feeling that he and the white house were taken by surprise by the move of the currencies..my feeling is that he will temper his statement today probably from some urging from the big house and will see the euro move up a bit..good day all

melbourne farmacia 13:17 GMT April 21, 2004 Reply   
hk ab nz 0.6 08:37 GMT April 21, 2004
Re Cable - need to wait for daily closing level first. So far cable's bounced well of my daily support level ( 1.7660 ). The 1.7500 fig i've been looking for since weeks ago has now moved up to 1.7660 ( based on trend lines etc... ) That said i've covered all of last weeks shorts at 1.7665 and have a long in play / stop at b/e for now. gt

Livingston nh 13:17 GMT April 21, 2004 Reply   
CAD, EUR and CHF have broken 200 dma - next up looks to be AUD and then Cable // could start to look for the 50% retracement rally about then

beijing road 13:17 GMT April 21, 2004 Reply   
Nottingham : More questions for you on Help forum, plz come in.

Dallas GEP 13:16 GMT April 21, 2004 Reply   
SID, I am sure you are PERFECT with your calls because you don't make any. Your bitterness AMUSES me!!!

Melbourne Qindex 13:16 GMT April 21, 2004 Reply   
GBP/USD : The market has found supported around 1.7667 which is the mid-point reference of 1.7629 - 1.7705.

Melbourne Qindex 00:01 GMT April 21, 2004
GBP/USD : Monthly Cycle Quantised Levels


... // 1.7552* - 1.7629 -1.7705* - 1.7782 - 1.7858* // ...


The market is very negative today since we see sellers at 1.7858.

Monaco 13:15 GMT April 21, 2004 Reply   
Livingston. I thought bonds were down, quiet a bit actually. 14/32 last I looked. That IS follow through. Unless my data feed is incorrect.

Nottingham 13:11 GMT April 21, 2004 Reply   
beijing road 13:05 GMT

Everything is calculated for and noted...for example this week euro needs to fall to 1.1660 to reach Sept 03 o/s, below 1.15 to reach a new maximum o/s level since it's launch...1.1725 are well as being primary o/s marks the lower end of a good zone of support 1750/35/25 while 1.1657 would levels around 1.1660 would also match a retracement seen from last major top at 1.19xx...gl gt

van Gecko 13:09 GMT April 21, 2004 Reply   
what's up with euro? after spending a week in the dog house it had under shoot last Wednesday's 1.1865 low by a whooping 50 pips..
Beige book today.. & for some funny reasons beyond hindsight explanations, the dollar perfers to turn at/near this book.. an all work & no pay Beer book..?
Spring is in the air..

Melbourne Qindex 13:09 GMT April 21, 2004 Reply   
EUR/USD : The following equation can be expanded into the following :-

... 1.1529*... // 1.1712 - 1.1804 - 1.1895* - 1.1987 - 1.2079 // ...1.2262* ...

The market is likely to consolidate around 1.1804 - 1.1987 for the time being.


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


... 1.1529* // 1.1712 - 1.1895* - 1.2079 // 1.2262* ...

LA SID 13:09 GMT April 21, 2004 Reply   
Dallas, if EURO/YEN runs up to 130.50 please don't call off on another miscalculation...My p/l just can't bear it!!

Normandy Nick 13:09 GMT April 21, 2004 Reply   
Stockholm za 13:03 GMT April 21, 2004
:) I think the same.

Livingston nh 13:07 GMT April 21, 2004 Reply   
ordinarily G'span provides cover after a market moving comment so there is not usually a substantial follow thru (he wouldn't want to be too clear) BUT if he is truly serious he will emphasize and expand the points he made yesterday -- Bonds are trading flat w/ no follow thru expected and maybe a bit of a rally // G'span may be willing to see how much of the heavy lifting the bond market is willing to do before the Fed hikes (money supply is tightening again)

beijing road 13:05 GMT April 21, 2004 Reply   
Nottingham: Have you ever tried to determine the o/s and o/b levels on 2-dailies basis even weekly and month basis?

Stockholm za 13:03 GMT April 21, 2004 Reply   
Normandy Nick<<<< take it with a positive smile..
no fuss & fight
Happy trades to you .......

pt.jr 13:02 GMT April 21, 2004 Reply   
Dallas GEP 12:55 GMT April 21, 2004........hey amigo its safe to buy some cad in this area...13515..tx..gl/gt

Melbourne Qindex 13:01 GMT April 21, 2004 Reply   
EUR/USD : Current Comment.  Register with [email protected] if you have no access to my page.

Normandy Nick 12:57 GMT April 21, 2004 Reply   
Stockholm za 12:52 GMT April 21, 2004
Yeah, whatever. If prices pierce the upper level I've got I stop/reverse and basta....

Dallas GEP 12:55 GMT April 21, 2004 Reply   
LW "safe" is usually applied to stops but a TP on EUR/JPY shorts once it TOPS out would be 128.70 area

Quito Ecuador Valdez 12:54 GMT April 21, 2004 Reply   
I've been making actions = 10% of my total on a move..each shot following the graph upward when I think it's about to peak. Then the last shot is 50% of the total invested in the move. I take coup when it comes down, shot by shot. On demo I made a lot of pips last night in a lousey 15-25 point trend...over $12 k working with 100K play money.

Stockholm za 12:52 GMT April 21, 2004 Reply   
Normandy Nick >>>> ..........
Like every rule, there are exeption SO keep on being pretty sure ................LOL

spring hill lw 12:52 GMT April 21, 2004 Reply   
dallas what would be a safe target for eur/yen

Houston ST 12:52 GMT April 21, 2004 Reply   
eur/jpy - I am long and looking for 130.15/25 range to tp.
gl/gt.

nyc fxdh 12:49 GMT April 21, 2004 Reply   
canadian leading indicaters stronger than expected

Dallas GEP 12:48 GMT April 21, 2004 Reply   
Sorry guys

EUR/YEN should read

Short from 129.80-130.00 (watch usd/jpy)

Dallas GEP 12:47 GMT April 21, 2004 Reply   
Just as a general rule regarding leaving PIPS on the table. If you can get 60-70% of a total move that is EXCELLENT. It IS possible to get 150-200% if a total move if you go IN and OUT and grab pips in both directions but that is MUCH more risky and generally not advisable

Quito Ecuador Valdez 12:44 GMT April 21, 2004 Reply   
Thanks martin, and it's from kind folks like you. Un brazo amigo.

Dallas GEP 12:43 GMT April 21, 2004 Reply   
Ok this is what I am looking at:

EUR/USd short from 1.1845
USD/CHF long from 1.3110
GBP/USD ( uncetain at this time)
EUR/GBP short from .6702
EUR/YEN short from 128.00-130.00 (watch usd/jpy)
AUD/USD short from .7320
EUR/CHF short from 1.5580

Gold Coast martin 12:43 GMT April 21, 2004 Reply   
QUITO VALDEZ...that is a very true statement..you are learning very fast my friend.....

Normandy Nick 12:43 GMT April 21, 2004 Reply   
Quito Ecuador Valdez 12:36 GMT April 21, 2004

I know what you mean. Sometimes I do say to myself "Nick, you're such a censored!" watching all those pips going in smoke. But I would have not done about 300 pips between yesterday and today without being in prey to fear, greed or enthousiasm the market serves all the time.

ham cla 12:42 GMT April 21, 2004 Reply   
correction: 109.69/74

ham cla 12:40 GMT April 21, 2004 Reply   
USDJPY: swiss name in ldn starting to sell here arnd. 190.69/74.

Quito Ecuador Valdez 12:36 GMT April 21, 2004 Reply   
Normandy//in this mkt it's EASY and mostly justified to leave some pips on the table. Did you make profit? Yes. The more experience I get the less I leave on the table. The big boys buy longs in on the way up in stages..not all at once. And sell shorts likewise...bit by bit on the way down.

ny amc 12:36 GMT April 21, 2004 Reply   
Raven..............a question on the help forum if you can

Normandy Nick 12:36 GMT April 21, 2004 Reply   
KL KL 12:20 GMT April 21, 2004
Like every rule, there are exeption ( change after statistics, over over bought/sold level , huge move showing a clear change). By the way, I keep my short, pretty sure 1.7750 will hold.

Normandy Nick 12:30 GMT April 21, 2004 Reply   
leaving a lot of pips on the table is the price I pay to get the full move. Yesterday I did profit of the entire move because each time the price break a level showed by my system I suppose they will reach the next one. The perverse thing is of course, that when the wind change of direction I let a full level on the table (about 60 pips).

Stockholm za 12:28 GMT April 21, 2004 Reply   
1 hr - noise - for the last 15 hr some guys been fighting with each other over a 40 pip - development ~11827 value given ......fwiw......
Happy trades.......

Quito Ecuador Valdez 12:27 GMT April 21, 2004 Reply   
21 Apr 2004 08:25 Poland weighs Iraq exit options - prime minister
21 Apr 2004 08:25 Canada's March leading indicator seen +0.4 pct
21 Apr 2004 08:26 UPDATE 2-Colgate profit rises on worldwide sales
21 Apr 2004 08:26 UPDATE 2-Coke profit fueled by Europe, currency

Makati Obelix 12:26 GMT April 21, 2004 Reply   
130.65 could be good level to short for Euro/Yen. 38% Fibo level from high on 3/8 to low on 4/5 daily chart.

KL KL 12:21 GMT April 21, 2004 Reply   
Morning GEP are you planning to long GBPUSD?? and at what level?? Or what trades are you eying long/short..thanks for info.

KL KL 12:20 GMT April 21, 2004 Reply   
Normandy Nick 12:09 GMT April 21, 2004
I do not understand why you close at 1.7730 when you could close it now at about 1.7700?? Why not take the profit now and wait and see?? Just trying to understand your psychology??

Bristol David 12:19 GMT April 21, 2004 Reply   
Cable easier to trade than the Euro/Usd today

Zaporozhye, UA Nemo 12:18 GMT April 21, 2004 Reply   
Wnen Mr. G begin speech?? at 13 GMT?

Dallas GEP 12:16 GMT April 21, 2004 Reply   
Sorry Miscalculated!!! Bad call on E?Y wait now until 130.00

Dallas GEP 12:10 GMT April 21, 2004 Reply   
Morning friends. Eur/JPY at resistance. GOOD short here @ 125.50/60 with @ 129.90 stop for target 128.70. All IMO of course.

Normandy Nick 12:09 GMT April 21, 2004 Reply   
Pound: downtrend will resume at psycho point 1.7678 bid. I'll close my short at 1.7730 to wait and see.

ham cla 12:06 GMT April 21, 2004 Reply   
EUR/USD: big swiss name sells good amt above 1.1840

hong kong nt 12:01 GMT April 21, 2004 Reply   
Let's see how Greenspan may neutralise the market tonight...

ham cla 11:58 GMT April 21, 2004 Reply   
USD/CHF: us bank sold from 1.3145 to current lvl. 1.3125/27

Quito Ecuador Valdez 11:48 GMT April 21, 2004 Reply   
Reuter's:
U.S. unemployment down to 7.9 pct in March
Kidnapped Dane found dead in Iraq, Denmark says
Spir peaks as solid Q1, raised 2004 targets please
Car bomb in Saudi capital kills 1 person

Helsinki iw 11:45 GMT April 21, 2004 Reply   
Explosions heard in central Riyadh.

Lightning Ridge jeb 11:40 GMT April 21, 2004 Reply   
GVI John
missed it by that much. Thanks

GVI john 11:32 GMT April 21, 2004 Reply   
jeb- see calendar below

Lightning Ridge jeb 11:29 GMT April 21, 2004 Reply   
I am sure this question has been asked, but can someone please tell me what time (GMT) Mr Greenspan is giving his report?

GVI john 11:28 GMT April 21, 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/$ 1.1830…$/yen 109.40
DJIA +27 pts… 10-yr 4.46%, 0 bp
PERSONAL OPINIONS:
For a broad range of opening levels click on GVI’s “Market Tracker”:
CLICK HERE
I am still surprised at the reaction of the markets to Greenspan’s comments Tuesday afternoon. He clearly was laying the groundwork for an eventual tightening of policy. This could start with the removal of the word “patient” from the May 4 policy statement and probably will result in a modest 25bp hike in the funds rate on August 10. As we have indicated here many times, that rate hike is already priced into fed funds futures and the cash deposit markets, so that increase would have no practical impact on the cost of short term money to institutional borrowers or lenders. It is for that reason that I was stunned by the market reaction yesterday.

On reflection, I do not expect the Chairman to temper his comments from yesterday in his testimony today. He had a message to convey, namely that deflation is no longer an issue, and that inflation is working its way back onto the radar screen. Note also that Dallas Fed President Mcteer, a monetary dove, yesterday said that the March CPI report had been disturbing. Greenspan is not going to temper his message, but today the markets are not likely to react strongly. A second 25bp rate hike is also fully priced for November 5, the day after the presidential election. Odds are the central bank will be looking to return to a neutral monetary policy as early as possible. November is still a very long time away. The focus on inflation and Fed policy should remain dollar constructive.

The 8-1 vote for a steady policy by the BOE at its April meeting was a shocker to BOE watchers. Looking at the minutes, I don’t think the vote should be taken as a predictor of what will happen on May 6. The bank noted that housing prices are still a concern, as they worry that they could feed into consumption. The markets still fully discount a BOE rate hike on May 6, but that bet is not as sure as it was several hours ago. Sterling should remain a favored carry trade vs. the euro.

In addition to Greenspan’s testimony, today sees the weekly the API/DOE energy inventories data. The MBA mortgage Finance figures are already out and showed another 10% decline in mortgage refi’s.
CALENDAR:
WEDNESDAY, APRIL 21, 2004
12:30 GMT- CDA- March Leading Indicators
13:30 GMT- US- API/DOE Weekly Energy Inventories
14:00 GMT- US- FRB Chm Greenspan testifies to the Congressional Joint Economic Committee on the U.S. economy
18:00 GMT- Fed’s Beige Book

THURSDAY APRIL 22, 2004
23:50 GMT- JPN- weekly Portfolio Flows
08:30 GMT- UK- March Retail Sales: vs. +6.5% y/y in Feb
GER- Apr preliminary CPI (date approx): vs. +0.3%, +1.1% in March
EUR- ECB Governing Council meeting: non-monetary policy agenda
12:30 GMT- US- Weekly Jobless Claims

FRIDAY, APRIL 23, 2004
01:30 GMT-AUS- 1Q04 Trade Price Indices
06:45 GMT- FRA- Mar final CPI: vs. preliminary +0.4%, +1.7% y/y in Feb
08:30 GMT- UK- 1Q04 preliminary GDP: vs. +0.9%, +2.7% y/y in 4Q03
12:30 GMT- US- Mar Durable Goods Orders: vs. +2.5% in Feb, see +0.8%
G-7 meeting on April 23-24
IMF and World Bank meetings on April 24-25

Oakland Daimyo 11:27 GMT April 21, 2004 Reply   
Thanks bc, the answer I was looking for. Operators are looking to trap both ways. Actually, they can't stand the red they woke up to this morning. NY desks are open and working. GBP/USD limit sell @ 1.7780 better strat for time being, we just may fill that gap. However, sustained weakness under 1.7680 is bearish for this pair intraday. USD index above 91 also supports this view. Watching AUD/USD short as I cut out to early last night for small loss (-16) should have stayed in as I thought 1.7300 was stronger support than it was. We may be witnessing the "elephants" moving to different watering holes.

Minnesota Mark 11:27 GMT April 21, 2004 Reply   
Normandy Nick

Closed out put option... Every time I get overly greedy I get bit in the rear. Will sit back a bit and watch for a new entry point and an option with a better delta.

Nottingham 11:24 GMT April 21, 2004 Reply   
Kaunas DP 11:15 GMT

the trader that called the move from 740 to 680 and the subsequent reversal believes 640 can offer a bounce to 100 day sma/or up to 6.80 short term if held today...however any move under there reopens downside pressure and they would look for 6.23 near term and then 5.70/5.39...gl gt

LONDON AVERA 11:23 GMT April 21, 2004 Reply   
WHERE DO YOU SEE THE BROKEN IN EUR/USD

LAX-LGB SNP 11:22 GMT April 21, 2004 Reply   
with ref to

11:57 GMT April 13, 2004
eurusd below 1.2213-1.2134
audusd below 0.7635-0.7568
eurgbp below 0.6638-0.6628
gbpusd below 1.8391-1.8302
halfway into April, the majors are indicative of the market's developing affection for the US$ but expect usdchf above 1.2957-1.2899 to add fuel to the fire"



been fun riding but closing all - might enter on a decent pullback - TTYL TC everyone :-) have fun

Normandy Nick 11:22 GMT April 21, 2004 Reply   
Assuming a successful trader makes money on what he sees and not on what he believes and the same way, 1.7720 was the point to hold some minutes ago to keep the downtrend, here 1.7695 is the point to keep. Two white candlesticks clearly above that (5 min chart) could push the price to 1.7720 and further up (around 1.7750 max ). above that point the sellers would lose confidence.

shanghai bc 11:20 GMT April 21, 2004 Reply   

Eur/Usd downmove is not supported by Eur/Jpy and Eur/Gbp downmoves again..A warning sign to Euro bears..Different players position their bets with different views and tactics..Fwiw..

Oakland Daimyo 11:18 GMT April 21, 2004 Reply   
nt & others-what do you think, weak hands to strong hands? Retracements up next? Bring in the troops, load up for next assault? The line appears to be well seen.

Kaunas DP 11:15 GMT April 21, 2004 Reply   
Nottingham 11:13 GMT
longed 6.42 for 6.52 intrady during NY session

hong kong nt 11:13 GMT April 21, 2004 Reply   
AB -- GBP may have already registered day low at 1.766. fwiw...

Nottingham 11:13 GMT April 21, 2004 Reply   
silver...is approaching 6.40...this is a hypothetical support level (based on future expectations)...a move below it would increase chances on an extension to next "real" support at 6.23...gl gt

Normandy Nick 11:10 GMT April 21, 2004 Reply   
The new low point on pound for a rebellion is at 1.7630 now. Notice as well that usd/chf seems tired.

Oakland Daimyo 11:09 GMT April 21, 2004 Reply   
All boats should float together so wait for confirmation from the majors. Lack of follow through and intraday o/s conditions are making this move a slow grind. Not sure if adding positions at these levels is warranted. Holding med-term positions but waiting to take intraday sell signals.

Newcastle GH 11:09 GMT April 21, 2004 Reply   
Nottingham
I appreciate that advice and I'll check that out. I have never traded that pair for anything more than short term "smash and grab."

Oakland Daimyo 11:05 GMT April 21, 2004 Reply   
EUR/USD bulls must hold 1.1820 or short term specs are toast.

Newcastle GH 11:04 GMT April 21, 2004 Reply   
UAE oil man
Thanks - was curious!

Oakland Daimyo 11:04 GMT April 21, 2004 Reply   
This fight will be a tough one. Mo Chi Chu

Nottingham 11:04 GMT April 21, 2004 Reply   
Newcastle GH 10:52 GMT

eurgbp dailies are showing signs of a reverse shs pattern...the neckline is a little above 6600...a move above the April 16th high would be confirmatory particularly on a closing basis...your target based on this pattern would ultimately have a 68 handle and would fall between 6800 and 6850 depending on time taken...note well that although the above pattern exists it doesn't mean it has to play out to any degree whatsoever as bears may successfully defend the neck...gl gt

Normandy Nick 11:03 GMT April 21, 2004 Reply   
KL KL 10:54 GMT April 21, 2004

I won't reverse at 1.7640 because the buyers are just "traumatised", but a return above the 50 ema (5 min), should be ok for some pips (30 max), anyway as I'm short since 1.7820, that's a risk I can afford.

UAE oil man 11:00 GMT April 21, 2004 Reply   
Newcastle GH 10:52 GMT April 21, 2004

No I'll just be stopped.

Normandy Nick 10:56 GMT April 21, 2004 Reply   
Minnesota Mark 10:50 GMT April 21, 2004
Yes, the downside looks good to me as well, definitively, 1.7620 is the next big target for me but I won't be surprised to see a '"rebellion" at 1.7640 and prefer stop here to reinitiate on a clear break.

KL KL 10:54 GMT April 21, 2004 Reply   
Normandy Nick 10:48 GMT April 21, 2004
Do you tp and reverse ar 1.7640 or wait for your ema to print....looking at graph looks like it will probably take some time to cross at 1.77.

shanghai bc 10:53 GMT April 21, 2004 Reply   

HAIFA 7:56 -- That is a big problem for China and India in coming years..The shortage of base metals for industiralization in coming years..Commmodity prices are basically governed by supply and demand..China alone consumes some 30% of all world supplies of base metals and it is just the beginning of its industrialization..Cyclical corrections with huge down corrections will be not unusual given economic cycles of China and India and small size of the markets but mega trend is up at least for a few more decades..Gold and silver are unique in that they represent storage of monetary value unlike all the other commodities thanks to their rarity..Then, some 28 billion dollars can buy one year world production of Gold..A peanut for some large investors with deep pockets..Maybe China's citizens ordinary demand alone will be enough to consume all of it in less than 5 years..Then,India's demand may be much larger than China's..Newmont boss once said China's arrival has changed Gold market landscape forever..He forgot to mention commodity market landscape..Simple supply and demand case over and above other political and financial considerations which may accelerate the attractive side of those metals in coming years..Good trades..

Oakland Daimyo 10:52 GMT April 21, 2004 Reply   
Normandy Nick, KL KL----USD buying operations not over yet. I would not try to pick the top for this one yet. We will see sub 1.18 on EUR/USD, sub 1.7600 on GBP/USD, 1.7160 on AUD/USD in next few sessions. Sell on upticks if seen. GL & GT

Newcastle GH 10:52 GMT April 21, 2004 Reply   
UAE oil man

Would you stop and reverse if that Euro/GBP stop gets hit?

Minnesota Mark 10:50 GMT April 21, 2004 Reply   
Normandy Nick 10:14 GMT April 21, 2004

I let that go both times, just figured you were tired. So she just broke through 17680 so downside looks good to me. 17580 here we come.

Normandy Nick 10:48 GMT April 21, 2004 Reply   
KL KL 10:42 GMT April 21, 2004

1.7640 (around that, because it changes with time and strengh) is a very oversold level. So , I agree, a buy at this point makes sense BUT overbought/oversold levels are something very relative. If the pound worths less, it will go further down. I will close my short at 1.7640 anyway, to see what happen and will buy if the price hold the 50 ema on 5 minutes chart.

Normandy Nick 10:43 GMT April 21, 2004 Reply   
not 1.7770, 1.7670!!!!!!

KL KL 10:42 GMT April 21, 2004 Reply   
Normandy Nick , at what point will you long stg?? Me think 1.764 looks reasonable but not sure if it will print...if print maybe then 1.763....what is you absolte floor today??

Normandy Nick 10:40 GMT April 21, 2004 Reply   
my daily chart was also set on offer, so the point is rather at 1.7770 than 1.7775 :p

UAE oil man 10:37 GMT April 21, 2004 Reply   
Athens 10:32 GMT April 21, 2004

Thank you.

Normandy Nick 10:35 GMT April 21, 2004 Reply   
Recall on pound: 1.7775 bid is the psycho point for a new low now at 1.7640

Athens 10:32 GMT April 21, 2004 Reply   
UAE oil man 10:12, to satisfy your curiosity here's the same graph now going back to 1999 and thus including the period of the EUR/$ downtrend.

shanghai bc 10:32 GMT April 21, 2004 Reply   

NK 08:14 -- Good afternoon..Thanks for your kind words..Still learning from all of you everyday..Good trades..

Gen dk 10:29 GMT April 21, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

UAE oil man 10:24 GMT April 21, 2004 Reply   
Alright so USDCAD has touched the awaited 1.36 (which i thought would be touched last friday perhaps a little optimistic)..So where too from now?..well 1.40 but allow a pull-back..

Makati Obelix 10:23 GMT April 21, 2004 Reply   
Stoked of Manila @ 00:40 GMT April 21, 2004.
Yes, he is their resource speaker. I believe he just came back from Japan.

Normandy Nick 10:21 GMT April 21, 2004 Reply   
hhum...1.7797 is my last pirce! my chart was set on offer that's why. 1.7797 bid is the psycho point (I know, that's a lot of posts for not to much!)

Gold Coast martin 10:21 GMT April 21, 2004 Reply   
hk..ab..nz...in the event of the nzd breaking 62(which is a possibilityiin the next 2 sessions) it will bottom out at 60.75 and from that level there will be a retracement to 6220...beyond that i havent got a strategy as i am in the process of formulating one...g/l

hk ab nzd 0.6 10:17 GMT April 21, 2004 Reply   
martin, just say nzd breaks .62, what scenario do you think it will be? overshooting only?

Minnesota Mark 10:16 GMT April 21, 2004 Reply   
Normandy Nick 10:14 GMT April 21, 2004

Nick me thinks we're in.

Normandy Nick 10:15 GMT April 21, 2004 Reply   
10 minutes clearly BELOW ! Sorry and 1.7701 is the point to touch!

Normandy Nick 10:14 GMT April 21, 2004 Reply   
Pound: 1.7703 has to be printed to give back confindence to sellers. 10 minutes clearly above will confirm.

UAE oil man 10:12 GMT April 21, 2004 Reply   
Athens 09:42 GMT April 21, 2004


Hello Athens, You wouldnt have the same charts 99-04 instead of 01-04..so to have a downtrend and an uptrend?
In anycase Thanks.

Gold Coast martin 10:08 GMT April 21, 2004 Reply   
HK..AB..NZ...well hk it seems that the nzd has reached its bottom of 62 after 14 trading sessions,the aud has not got there as fast as the nzd...however,we will see the 7150 in the next 2 sessions....g/l g/t

Global-View 10:08 GMT April 21, 2004 Reply   
If anyone is having a problem getting automatically logged out while wtaching our forums, pelase send an email to [email protected] One of our members is having this porblem and we can't duplicate so would like to know if it is an isolated incident or if others are experiencing the same problem.

Normandy Nick 09:51 GMT April 21, 2004 Reply   
Pound: now price should stay under 1.7760 .Two clear white candlesticks above that price on 5 min chart would suggest a wind of change. Also, it would be great if we could open the new hour under 1.7814. In the same time, a usd/chf opening above 1.3150 would be a good sign. On the other end (paradoxally) euro is rather on buy signal for agressive players.

Moscow Mishanya 09:51 GMT April 21, 2004 Reply   
madrid jms 09:45 GMT April 21, 2004
Moscow Mishanya , do you trade usdyen??

some times.. when good chance come over ;-)

Gen dk 09:48 GMT April 21, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

madrid jms 09:45 GMT April 21, 2004 Reply   
Moscow Mishanya , do you trade usdyen??

Nottingham 09:45 GMT April 21, 2004 Reply   
beijing road 09:29 GMT

with GS set to provide more details today, hopefully it will give us something to work with...so far commodities have had all the excitement while the major currencies have been relatively subdued...gl gt

ks snk 09:43 GMT April 21, 2004 Reply   
hi,
any view on aud/$ ?

GL, GT

Athens 09:42 GMT April 21, 2004 Reply   
FWIW here is a EUR/$ Long Term Indicator graph for the period 2001-4. The graph is constructed on a weekly basis level. To make it up to current market levels I have used 1.1820 as this week's closing price (obviously the LTI level will be lower or higher than shown on the graph depending on whether the market will close this week lower or higher than 1.1820). Notice how the latest LTI reading is indicating a very bottomish level right now. Please keep in mind that, since the LTI is base on weekly closings, intraweek values can be different, however whatever levels are seen from now till Friday close it is clear that even a 1.1820 close will denote a very O/S condition on the long term horizon. My LTI graph serves to show the big long term picture and not an intraday or very short term one. It is addressed to those who play medium term positions and should not be seen as a short term suggestion. However, it also shows the risk of going short now. Good luck.

Bloemfontein SA new bie 09:40 GMT April 21, 2004 Reply   
Normandy Nick I have to spent 9 hours a day infront of my pc to get almost the same signs out of my system like you said this moring

Normandy Nick 09:33 GMT April 21, 2004 Reply   
Bloemfontein SA new bie 09:24 GMT April 21, 2004
Well, just enough to not upset my wife!

UAE oil man 09:30 GMT April 21, 2004 Reply   
Sell euroGBP 6680 stops 6720

beijing road 09:29 GMT April 21, 2004 Reply   
Nottingham:I got it.

madrid jms 09:24 GMT April 21, 2004 Reply   
i agree in usdyen, 109.20-30 is a stop loss zone and now its clear so usdjpy should go lower, also eurusd is well supported at 1.1820 and put a cap in euryen

Bloemfontein SA new bie 09:24 GMT April 21, 2004 Reply   
Normandy Nick if I can ask you how much time a day do you spend infront of your pc

Nottingham 09:22 GMT April 21, 2004 Reply   
beijing road 09:09 GMT

For usdcad, it's historically fine to use the 10 day sma as long as you include the current day's data...as you say it does move a little bit in the direction of the day's trend, but it will move only around 10 pips for every 100 pips moved in one direction...you can thus extrapolate to get a reading for your o/b or o/s...this reading will mark the level at which the pair would start to be conventionally overextended and not necessarily where it will turn...it is important to remember this as there will be occasions where your reading will be breached by half a figure or more (which is why I use the exuberance multiple + secondary oversolds)...that scenario will happen rarely for usdcad but that doesn't mean it will never happen, so you need to be prepared to add to the position on subsequent days...gl gt

Moscow Mishanya 09:20 GMT April 21, 2004 Reply   
hk ab nz 0.6 08:45 GMT April 21, 2004
sell dlr/jpy 109.30

what is ur Target lvl?

TIA

ham cla 09:20 GMT April 21, 2004 Reply   
ISSING is saying ECB is very worried about perceived inflation.

Melbourne Qindex 09:20 GMT April 21, 2004 Reply   
GBP/USD : The market is going to vibrate around 1.7705 with an expected magnitude of 33 pips, i.e. 1.7672 - 1.7705 - 1.7738 for the time being.

Normandy Nick 09:20 GMT April 21, 2004 Reply   
the "rebound point" is at 1.7650 now (instead of 1.7660) and it seems a retracement is not for now. IMO, no changes in rates for UK worth "more" than that. Anyway, as long as 1.7750 holds (plus or less 1.7750) the downtrend has nothing to worry about.

Melbourne Qindex 09:19 GMT April 21, 2004 Reply   
GBP/USD : The market is going to vibrate around 1.7705 with an expected magnitude of 33 pips, i.e. 1.7672 - 1.7705 - 1.7738.

Gen dk 09:13 GMT April 21, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

hk ab nz 0.6 09:11 GMT April 21, 2004 Reply   
nk, you are welcome and I appreciate your long term effort in gvi.

beijing road 09:09 GMT April 21, 2004 Reply   
Nottingham: i am back, now am waiting for ur teaching.

SLC TJ 09:06 GMT April 21, 2004 Reply   
Normandy Nick 08:45 GMT Thanks for the explanations. Sounds like a great system. GT, Cheers

saloniko 2004 nk 09:04 GMT April 21, 2004 Reply   
hk ab nz 0.6 08:16 GMT April 21, 2004

No..will wait little bit longer...cos market is always here...

Thank u for ur view..

GL

nk



hk ab nz 0.6 09:04 GMT April 21, 2004 Reply   
where are our old friends, jf and Noody?

Think they should be the ones making big money recently.

hk ab nz 0.6 09:03 GMT April 21, 2004 Reply   
so many "trade info" eh....

ham cla 09:01 GMT April 21, 2004 Reply   
SWISSIE: us investment name is selling at 1.3160/65

Normandy Nick 08:55 GMT April 21, 2004 Reply   
Actually 1.7720/25 is the point for a change. If you see two clear white candlesticks above that price on 5 muntes chart, then forget about new lows for now and expect a new selling wave around 1.7750

ham cla 08:55 GMT April 21, 2004 Reply   
USD/JPY: a big german bought it from 109.20/25 up to 109.32

Los Angeles sls 08:51 GMT April 21, 2004 Reply   
Normandy Nick: Where do you develop your figures from? Seems like you have a dead on right approach.

Minnesota Mark 08:48 GMT April 21, 2004 Reply   
Normandy Nick 08:45 GMT April 21, 2004

Would you post that when you do? Looks like a good plan to me, may have to just follow your lead on this one.

Kaunas DP 08:47 GMT April 21, 2004 Reply   
Normandy Nick 08:45 GMT
is it automated trading system/strategy - TIA

Normandy Nick 08:45 GMT April 21, 2004 Reply   
SLC TJ 08:37 GMT April 21, 2004
If we print 1.7675 there is room for 1.7620 but I expect a rebound around 1.7660. If 1.7660 burst, then it's ok. We got to stay under 1.7720 to keep that true and there is a real chance for a retracement if we stay more than 10 minutes avove 1.7740.I will confirm all this on time because these numbers change a little bit with the time and the strengh of the trend.

hk ab nz 0.6 08:45 GMT April 21, 2004 Reply   
sell dlr/jpy 109.30

Melbourne Qindex 08:44 GMT April 21, 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 08:44 GMT April 21, 2004 Reply   
Melbourne Qindex 02:31 GMT April 19, 2004
EUR/AUD : The distribution profile of my weekly cycle probability chart indicates that the market has a tendency to trade between 1.6000 - 1.6475. Prjected supporting and resistant point is expected at 1.6079 and 1.6396.


... // 1.6000* - 1.6079 - 1.6158* - 1.6238 - 1.6317* - 1.6396 - 1.6475* // ...

Kaunas DP 08:44 GMT April 21, 2004 Reply   
Ldn Hat 08:40 GMT
70pips wil against 180pips loss???

Melbourne Qindex 08:43 GMT April 21, 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.

uk bob 08:42 GMT April 21, 2004 Reply   
melbourne farmacia 08:19 GMT GT mate. life is lonely here at the bottom when gbp/usd is not behaving like a British bulldog
van Gecko 03:34 GMT good euro/dm observation same for the gbp/usd market

Minnesota Mark 08:42 GMT April 21, 2004 Reply   
Holding Cable put option from 18124 now looking at 174-75 as good possibility.

Ldn Hat 08:40 GMT April 21, 2004 Reply   
Shorted more GBP/USD at 1.7720 target 1.7650 stop 1.79 IMHO Thanks

Bristol DWF 08:38 GMT April 21, 2004 Reply   
Rate Cable a buy under 1.7700

that the MPC have no stomach for rate rises is largely known
only inflation uptick rocks their boat

Normandy Nick 08:38 GMT April 21, 2004 Reply   
Also, we need to open the next hour below 1.7720 to keep the cap to 1.7660

hk ab nz 0.6 08:37 GMT April 21, 2004 Reply   
farmacia, are you looking at gbp longs at 1.7-1.75 region?

I just hear someone squealing what happened on gbp.....

Think bc's recommendation on 1.7 line is better choice.

shorted eur/jpy massive this morning, don't want to give it away.

SLC TJ 08:37 GMT April 21, 2004 Reply   
oops. posted same time. never mind

SLC TJ 08:37 GMT April 21, 2004 Reply   
Normandy Nick 08:27 Do you see gbp/usd dropping on below 176.90 now with the rate decision?

Normandy Nick 08:36 GMT April 21, 2004 Reply   
Now I've got an early signal for 1.7660 for pound and we could get 1.76 after a little retracement.

Melbourne Qindex 08:35 GMT April 21, 2004 Reply   
Melbourne Qindex 00:01 GMT April 21, 2004
GBP/USD : Monthly Cycle Quantised Levels


... // 1.7552* - 1.7629 -1.7705* - 1.7782 - 1.7858* // ...


The market is very negative today since we see sellers at 1.7858.

KL KL 08:35 GMT April 21, 2004 Reply   
where to long stg?

Melbourne Qindex 08:34 GMT April 21, 2004 Reply   
EUR/AUD : The odds are good that the market will challenge the projected resistant level located at 1.6371 - 1.6373.

London ADK 08:32 GMT April 21, 2004 Reply   
Cable negative of course

ham cla 08:31 GMT April 21, 2004 Reply   
SILVER: rallies up to 6.61/3 but there are some offers. -6.63 is the 100 day movin average.

London ADK 08:31 GMT April 21, 2004 Reply   
BOE voted 8 to 1 to keep rates unchanged

Normandy Nick 08:27 GMT April 21, 2004 Reply   
Pound: the move will intensify if we print 1.7715 in the next 30 minutes.

Nottingham 08:25 GMT April 21, 2004 Reply   
Kaunas DP 08:19 GMT

I have suspicion that minutes might disappoint rate bulls...the MPC could be chickening out of rate hikes as they don't want to burst the housing bubble...therefore they could use low inflation as an argument not to raise...gl gt

hk ab nz 0.6 08:24 GMT April 21, 2004 Reply   
sp// did ya sell aud/nzd 1.1730? my 2nd entry?

hk ab nz 0.6 08:20 GMT April 21, 2004 Reply   
first limit buy eur 1.1775.

Nottingham 08:19 GMT April 21, 2004 Reply   
beijing road 08:17 GMT

ok...we can continue when you return

melbourne farmacia 08:19 GMT April 21, 2004 Reply   
uk bob 08:15 GMT April 21, 2004
I will join you mate.. a bit lower down for me. GT

Kaunas DP 08:19 GMT April 21, 2004 Reply   
what we expect from cable as reaction to BOE minutes - TIA

beijing road 08:17 GMT April 21, 2004 Reply   
Nottingham: I am going to pick up my kid from school, and will be back here soon.

hk ab nz 0.6 08:16 GMT April 21, 2004 Reply   
nk, have u joined the bull yet?

I think dlr/cad breaks upside will provide a bit more room on downside euros and we can buy more later.

My preference goes to aud over eur in m/t.

beijing road 08:15 GMT April 21, 2004 Reply   
Nottingham: 10dSMA(previous day) *1.02=primary o/b level in case of USD/CAD. The reason that i do not use current day's 10dSMA to calculate it is that today's is changeing all the day.
As of conventional level, i am not sure that how many days you track back( any stringent condition on the time interval).

uk bob 08:15 GMT April 21, 2004 Reply   
hello all, uncle bob is back buying some gbp/usd for m/t targets 1.85-1.90-2.00
buying at 1.7720, 17670, & 1.7620 stop below 1.75 will add on break of 1.82, 1.85 & 1.90
imo every pip at the present levels are as good as money in the bank short & mid term.

hk ab nz 0.6 08:14 GMT April 21, 2004 Reply   
Will join your conference after return home during NY.

saloniko 2004 nk 08:14 GMT April 21, 2004 Reply   
Good Morning..!

All this time im here in GV and posting..my good or bad view i found out one think...that BC is a wise trader with a *W*...

To make money even if u have Dip pockets need somthing more than a Good View like fxsense ...or general market

imho
Have a nice day!

nk

hk ab nz 0.6 08:13 GMT April 21, 2004 Reply   
nt// I think today or tomorrow will be another bloodshedding day for c9 and uncle who picked bottom last week. Will enter when the bleeding stops.

I am still looking for my hand nz 0.6

Moskow 08:13 GMT April 21, 2004 Reply   
morning, 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.
Intraday data are presented since 1997. Reasonable prices and best data quality.

hk ab nz 0.6 08:12 GMT April 21, 2004 Reply   
nt// thanks for the gold advice. Will keep it tight in my mind.

Know what, the f-x-cmm is quite user-friendly, after I try it out.

Normandy Nick 08:12 GMT April 21, 2004 Reply   
Pound just gave confirmation for 1.7690

hk ab nz 0.6 08:10 GMT April 21, 2004 Reply   
gecko, seems dlr/cad flyers are all in ready mode.....

Nottingham 08:06 GMT April 21, 2004 Reply   
beijing road 08:00 GMT

refresh my memory...I can't remember back that far!

Nottingham 08:02 GMT April 21, 2004 Reply   
beijing road 07:52

use today's value and extrapolate and you should get a lot nearer...I have also included a multiplier for the exuberance reading but the effect from this is almost negligible...depending on your data source you should be getting a read of circa 1.37 +/-...gl gt

beijing road 08:00 GMT April 21, 2004 Reply   
Nottingham : You mean the primary o/b level on 03-03-2004 is conventional level?

chennai 07:59 GMT April 21, 2004 Reply   
GBP/INR-Trend please

chennai 07:58 GMT April 21, 2004 Reply   
very good morning

ham cla 07:57 GMT April 21, 2004 Reply   
good morning all!
USD/JPY: jap. bank bought at 108.85-88

Chennai India 07:56 GMT April 21, 2004 Reply   
How is Rupee expected to perform against the Great Britain Pounds in the next 2-3 months.

Any views from anybody

Haifa ac 07:56 GMT April 21, 2004 Reply   
shanghai bc 03:58 GMT April 21, 2004

AB -- On Gold..Gold and commodity bull markets are only at its infancy..//
In term of size--is not the gold and silver market just a TINY fraction of global money? How big is the TOTAL Metal market?

Nottingham 07:53 GMT April 21, 2004 Reply   
road, those cad levels are technically conventional, but since conventional works for this pair they are used to determine primary and secondary levels...gl gt

beijing road 07:52 GMT April 21, 2004 Reply   
Nottingham : Thanks,sir. My calculation on primary usd/cad level is 1.3635 which is different from yours. I use yesterday's SMA10 price to project the level, so I guess you must not use SMA 10 to do it this time. Thanks for teaching.

Nottingham 07:40 GMT April 21, 2004 Reply   
road...primary....aud, cad, chf, eur, gbp...7285, 1.3706, 1.3249, 1.1725, 1.7651...secondary...7231, 1.3746, 1.3314, 1.1677, 1.7572...gl gt

Brisbane L 07:38 GMT April 21, 2004 Reply   
GBP/USD large 1.7900 plain-vanilla strike rolling
off at today's NY cut (14:00gmt).

beijing road 07:23 GMT April 21, 2004 Reply   
Nottingham:how abt ur magic number on the majors and usd/cad for today. Thks.

Nottingham 07:14 GMT April 21, 2004 Reply   
silver...has taken the 6.80 and is now fighting to sustain levels above the 100 day sma after a brief dip below...next major technical level comes in at 6.23 and, if the GS' comments are along the lines of what the market now expects, that level is likely to be seen possibly as early as today...further support comes in at 5.70 and more at 5.39...if the latter is tested and held, it has the potential to market the ultimate floor for this market;essentially you would then expect to see silver hit $10 before it hits $5...gl gt

Philippines newtrader 07:12 GMT April 21, 2004 Reply   
EUR/USD (1.1831)
Trading range: 1.1765 – 1.1890
Trend: Neutral
After the positive words of Mr. Greenspan yesterday the trading move to five months record low. Today at 2:00 PM EST is Fed's Beige Book. Having a mind the words of Mr. Greenspan is possible to expecting in August rising of US Interest rates. For the today’s trade we expect to see some downward correction new after slightly recovery upward. As overall we expect mostly neutral trading during the end of the day.

USD/JPY Daily Forecast and Analysis
USD/JPY (108.82)
Trading range: 108.00 – 109.35
Trend: Neutral
The Yen remains neutral during the last 5 days. We expect to see little more upward to 109.20 again and latter to see correction to the levels of 108.00. Trade during the day in the trading range.



MONACO OGA 07:01 GMT April 21, 2004 Reply   
FX UPDATE 21/04
Good morning,

***EUR***
EUR/USD (currently 1,1830), 100 pips lower than yesterday's opening. Selling pressure increased yesterday with a worse ZEW index and a shrinking EURO trade balance. as we feared yesterday, eurozone growth outlooks for 2004 appear more gloomy than ever. The battle we were calling for at 1,1850 did not take place in late US session when Mr GREENSPAN gave the market hints of future US rate hikes during in speech in front of the senate. Expect him to be more specific during his speech in front of the joint economic comittee later today. Support levels today : 1,1820 then 1,1750. Resistance around 1,1900. In theory, a run down to 1,1725 is possible but we will favour building long positions on dips today (target 1,1950). Overall we are still neutral on the medium term.

Data out today:
UK BOE minutes 08.30 GMT
Norway's central bank rate decision 12.00 GMT
IMF to release its semi-annual world economic outlook 15.00 GMT
US Mr GREENSPAN speaks in front of the joint economic comittee 14.00 GMT
FED's beige book 18.00 GMT

Gold at 393 on USD rebound, with WTI May at 37,58

***JPY***
USD/JPY (currently 108,80) still hovering inside 107,50-109,00 range, but testing seller's resolve on the upside (high 109,15). Not much happening on the JPY side for the time beeing, just a firm US currency against other major currencies. Support at 107.40-50 and a more significant one at 106.70. Next resistances at 109,00 then 109,75.
EUR/JPY (currently 128,75) stabilizing on 128,50-80 support zone.

***GBP***
Cable (currently 1,7810) has been offered since yesterday's publication of March CPI data showing no sign of inflationary risk in UK. Big support point at 1,7760. On the upside, 1,7910 then 1,7960.
EURGBP (0,6645) consolidating inside 0,6625-50 . We are neutral on the cross once again today.
Have a nice day,

Olivier

hk jc 06:50 GMT April 21, 2004 Reply   
can anyone tell meany news about the yen and its effects after the speech of greenspan?

melbourne farmacia 06:50 GMT April 21, 2004 Reply   
Most major pairs are banging around my voodoo lines as i write, Gbp hit one at 1.7853 and dropped 40 pips - break above that level sees 1.7900 for selling - Swissy line sits at 1.3130 - break sees 1.3080 for possible buying etc..

hong kong nt 06:49 GMT April 21, 2004 Reply   
AB -- re: GOLD, the MT floor may lay some where 360-370...

Zaporozhye, UA Nemo 06:47 GMT April 21, 2004 Reply   
USD/CHF rose to new session highs at 1.3155, and will close above the 200-day moving average after numerous attempts.
It should spur a rise to last August s low above 1.3400 before any pullback.

Helsinki iw 06:44 GMT April 21, 2004 Reply   
Jonnie, no I don´t know. At a loss of what to do here myself.

Kaunas DP 06:44 GMT April 21, 2004 Reply   
GEP
do u see cable under 1,78 - TIA

Zaporozhye, UA Nemo 06:43 GMT April 21, 2004 Reply   
An Asian central bank bought at the lows to put the brakes on the fall and the EUR/USD consolidated between 1.1820/45 for the balance of the session. Traders suspect that the Asian
buying interest is still there, but most are looking for an eventual break below 1.1800 and initially test support between 1.1730/50. Technical analysts note that the break below the 50% fibo of the 1.0765/1.2930 move at 1.1845 suggests that a move towards the 61.8 of the move at 1.1590 is probably under way. If daddy Greenspan delivers another upbeat outlook on the U.S. economy later today it is
hard to see the EUR/USD bottoming out near the current levels.

New York JONNIE WALKER 06:40 GMT April 21, 2004 Reply   
HILSINKI YOU SEEM LIKE YOU KNOW WHAT YOU ARE TALKING ABOUT< WHAT DO YOU HAVE TO SAY TO THE Question i Posted right before this. Thanks

ICT ML 06:38 GMT April 21, 2004 Reply   
Going to be an interesting session....part of me says TP on this 2 day looting spree ..haha ..and the stubborn part says let it run while longer....

still short eur-usd, gbp-usd, aud-usd, long Usd-Cad, and covered the short eur-gbp yday in frustration.

New York JONNIE WALKER 06:37 GMT April 21, 2004 Reply   
CAN ANY ONE HERE FILL ME IN HOW THE EURO WILL REACT TO WHAT GREENSPAN HAS TO SAY>

Miami OMIL (/;-> 06:36 GMT April 21, 2004 Reply   
Doing good this week Farmacia hope you are doing good as well. I believe that would be good resistance like you say as long as the 20 holds up but I will wait and see were the bounce might take us. I have an intraday open and if it continues this way it might turn out to be another mid term position since I just got through closing one at around 1.1860 area. I think I will get some rest for now GL GT to you mate.

Helsinki iw 06:36 GMT April 21, 2004 Reply   
Fwiw/ EUR/USD is challenging the support 1,1820/30 and is
looking quite offered still, but a short-covering rally is not
exactly ruled out. No good resistance until 1,1935 where there
is a top of a 4hourly down key and 1,1960ish where the
bollinger midpoint is coming in currently (dropping some
6 pips/4hours). Personally would not initiate new shorts here
at the moment as the likelyhood of a reaction is increasing.
IMHO.

wenzhou trendless 06:29 GMT April 21, 2004 Reply   
test

hk jn 06:28 GMT April 21, 2004 Reply   
tim 1.3612

SA M 06:26 GMT April 21, 2004 Reply   
wisconsin tim 06:22 GMT April 21, 2004

I see what you see and usualy the comment is an error in the system.

melbourne farmacia 06:23 GMT April 21, 2004 Reply   
OMIL - hi mate, i'm expecting a bounce to 1.1880 if we hold 20 fwiw.

wisconsin tim 06:22 GMT April 21, 2004 Reply   
anyone else showing a 1.3699 high in $/cad 20 mins ago or my quote board just screwed up

Miami OMIL (/;-> 06:03 GMT April 21, 2004 Reply   
As the eur/usd forms a bottom around the 1.1820 area and holds it I have fibo retracement rough numbers at 1.1915-20, 1.1945-50 and 1.1980-90. Resistance is at around 1.1870-80, 1.1960-70 and 1.1990-2000 for now. With intraday indicators in O/S territory I believe the chances are for a bounce from this bottom IMHO.GL GT

CT DB 05:59 GMT April 21, 2004 Reply   
Columbus 05:51
Im an IB, please ask jay for my e-mail and i will be able to assist you

Columbus 05:51 GMT April 21, 2004 Reply   
I'm a beginning FOREX trader. I was looking for some advice as to the best FORX brokers, as well as the best educaton courses. Thanks.

chester wb 05:36 GMT April 21, 2004 Reply   
bc--best i will do is to agree to disagree

shanghai bc 05:33 GMT April 21, 2004 Reply   

WB -- China is more capitalistic than USA or EU or Japan as far as its economic system goes..You can ask Morganstanley folks to verify that..Its government is from the old days of national salvation movement to rid of foreign capitalist/colonialist powers from China..Of course,economy decides all in the end..

Bkk A 05:30 GMT April 21, 2004 Reply   
Do you think that if gold climb up, AUD will get benefit and return to upward trend again?

Gold Coast martin 05:26 GMT April 21, 2004 Reply   
gentlemen and gentlewomen...be patient with the aud..let its downward bias come to you...it will not be long ..the last step towards 7150 is the breach of the 7280 resistance level...g/l g/t

chester wb 05:22 GMT April 21, 2004 Reply   
old style or new style it still stifles individual creativity which is necessary for a vibrant economy

Chicago JMI 05:19 GMT April 21, 2004 Reply   
Quito Ecuador Valdez 05:07 GMT April 21, 2004
I have never understood why some feel that since a currency is fiat and not backed by some precious metal that is has less value. If you truly feel this way, then empty your brokerage account and give me all your money since it is useless paper.

Brisbane L 05:16 GMT April 21, 2004 Reply   
chester wb China is stepping far away from the Old Style communist country , you should watch a few of the CNBCasia that appear overnight in the UK think it will be an eye opener.

chester wb 05:12 GMT April 21, 2004 Reply   
for China and India to become the next major economic power houses. there will have to be major social and economic upheavals to occur. communist governments and caste systems do not encourage individual success which is necessary for sustained economic growth. The main resource of China and India is cheap labor

Quito Ecuador Valdez 05:07 GMT April 21, 2004 Reply   
...and remember, the actual value of any c'ncy is it's precious metal backing. That evaporated long ago from most. CHF is around 32% prec. metal backed, the highest. USD is something like 4 or 5%, down from 7%. So a nickle on the buck is all you got if you've got green in yo pocket. The rest is pure hype..actually it's debt.

Montréal Taro 05:04 GMT April 21, 2004 Reply   
Valdez, got your message and replied

Quito Ecuador Valdez 05:00 GMT April 21, 2004 Reply   
Shanghai bc// You might mention from time to time here in trading lulls that gold coins aren't particularly good because they are at times not "recognizable" as a "standard". Inglehard or Credit Suisse bars from gram size to 10 gram size are the best..who has "change" for a 1 oz bar worth $1,000 (at time of emergency)? It's best to scout through the gold shops and find bars which have been removed from their containers..the little plastic envelopes they come in. You pay a premium for that. All you want is the metal and out of the sack it's a bit cheaper.

movie land 04:45 GMT April 21, 2004 Reply   
Mark, carefull the films you see, some are for bigger than 18.
lol, just kidding, really extreme scenario.

Minnesota Mark 04:39 GMT April 21, 2004 Reply   
shanghai bc 03:58 GMT April 21, 2004

I couldn't agree with your assessment more. I've been buying gold as I can for the past year, and now when it dips under $400 I pick up as much more as I can. And I don't mean just contracts and mining shares, you may find the need for the real physical mystical aluring yellow metal. If the US$ does go to pot in the next few years you may need gold just to buy food. (Extreme senerio but altogether possible).

hk ab nz 0.6 04:30 GMT April 21, 2004 Reply   
bc// thanks for your advice. but unfortunately, many of us are still novice and can easily mixed up your m/t with our own m/t :).

Would like to buy good with real money terms. first when deep correction comes.

nontechcomment 04:25 GMT April 21, 2004 Reply   
when everybody is calling same thing so loud, usd higher, is when usually the reversal comes.

hk ab nz 0.6 04:20 GMT April 21, 2004 Reply   
sp// will exit the aud/nzd shorts when aud hit the bottom today.

Quito Ecuador Valdez 04:17 GMT April 21, 2004 Reply   
yea Montreal... ecdaytrader yaho

Quito Ecuador Valdez 04:16 GMT April 21, 2004 Reply   
looks like on 5 min 1 day chart it's about petered out for the time being, gives London a bit to chew on...3 police stations in Basara, Iraq just hit by explosions if you follow the war any more ...getting some zzz's now...adios

Montréal Taro 04:10 GMT April 21, 2004 Reply   
Quito Ecuador Valdez

Can I have your email adress.
In hotmail, my username is ttaro27

Quito Ecuador Valdez 04:08 GMT April 21, 2004 Reply   
Sometimes if a backbone is down in the internet then some can reach a destination, some can not. Maybe that's the prob..nothing with the broker's server...just an idea that causes probs on the net all the time.

Pecs Andras 04:04 GMT April 21, 2004 Reply   
Thanks guys.
It says "remote machine does not exist or is unavailable"

ICT ML 03:59 GMT April 21, 2004 Reply   
I'm still logged in Andras, maybe I should put some stops in place though now that you have a problem tonight.......call them and ask WTF is up.

shanghai bc 03:58 GMT April 21, 2004 Reply   

AB -- On Gold..Gold and commodity bull markets are only at its infancy..Most folks do not even seem to understand what is going on while the world is changing for decades and centuries..The next world economic power houses will be China and India in coming decades and possibly for a century or two afterwards..And these folks need all the commodities and Gold to get there and they will get there..This will be once in your life time Gold and commodity bull market..Buy on every good dips..And do not even ask if Gold is a buy or not for the next several years..Deep corrections are all a part and parcel of any bull market and heaven-sent opportunity for wise investors..Good luck..

hk jn 03:58 GMT April 21, 2004 Reply   
f x x x is ok for real account

Pecs Andras 03:55 GMT April 21, 2004 Reply   
GEP
Is the F X C M platform down? I cannot log in.
TIA

SG Jay 03:53 GMT April 21, 2004 Reply   
Whats your views on euro ? will we see 1.17ish today or this week ?

Brisbane L 03:48 GMT April 21, 2004 Reply   
Dallas GEP not me

van Gecko 03:40 GMT April 21, 2004 Reply   
indeed Raven.. a visit by a Fool from Mars! a first for GV..:))
L..*_^

Dallas GEP 03:40 GMT April 21, 2004 Reply   
I would guess you are a Linda!!!

ICT ML 03:39 GMT April 21, 2004 Reply   
THanks much there Dr. Q.....answered exactly how I wanted it...you the man.

Brisbane L 03:38 GMT April 21, 2004 Reply   
van Gecko I think that was rather sweet (smile) dont worry I am a she

Va Raven 03:36 GMT April 21, 2004 Reply   
Gecko - a mating season, people would trade everything for love......

Planet Mars 03:36 GMT April 21, 2004 Reply   
van Gecko - your so full of crap. keep your stupid views to yourself!

Melbourne Qindex 03:35 GMT April 21, 2004 Reply   
ICT ML 03:28 GMT - USD/CAD : The market takes a rest at 1.3578 and it can easily charge ahead to 1.3809 without pulling back to 1.3346. The odds are even at this moment. Therefore it is better to wait for London time.


... // 1.3578 - 1.3655* - 1.3732 - 1.3809* // ...

van Gecko 03:34 GMT April 21, 2004 Reply   
April has a long standing habit of making fools out of Euro(& grandfather DMark) bulls & bears alike..
whenever the prevailing long term trends are down, bulls in April tends turn into fools in May..
& whenever the prevailing long term trends are up, April had teased bears of all kind into a selling fenzy..
;
Never figure out why some bulls/bears act this way..may be its a Spring induced FX fever/allergy..
or may be some are under sublimal influences after years of humming Johnny Mercer & Rube Bloom's classic "Fools rush in" lyrics in the shower..
"
"Fools rush in where angels fear to tread
And so I come to you, my love, my heart above my head.
Though I see the danger there
If there's a chance for me, then I don't care
.....
Fools rush in where wise men never go
.....
Fools rush in where wise men never, never, never go
.....
Just open up your heart and let this fool rush on in
Just open up your heart because I am coming in
Open up your heart and let this fool rush in!! "

Melbourne Qindex 03:30 GMT April 21, 2004 Reply   
hk ab nz 0.6 02:49 GMT - USD/CAD 1.3578 is a good technical point.

ICT ML 03:28 GMT April 21, 2004 Reply   
Dr. Q.....you told HK AB not to touch $CAD right now....you seeing something that a guy that has a nice profit built up in being long should be aware of? Targeting 1.3800 mid term target...

Melbourne Qindex 03:26 GMT April 21, 2004 Reply   
Melbourne Qindex 23:46 GMT April 20, 2004
GBP/USD : The key level of my daily cycle is located at 1.7847

shanghai bc 03:25 GMT April 21, 2004 Reply   

Everytime China buys Euro, rumour spreads there is some option protection..The only reason they buy may be because Chinese see good medium-term value for anything below 1.20 like anything above 1.25 was a good sell months before..Trading real money has advantages and disadvantages as well in terms of timing..One has to be right about value region as well as market liquidity and trend..Fwiw..

Dallas GEP 03:22 GMT April 21, 2004 Reply   
OUT AT 1,7845 for nice profit on the POUND

Melbourne Qindex 03:16 GMT April 21, 2004 Reply   
Quito Ecuador Valdez 03:09 GMT - Quantise/Quantize = to express as multiples of a definite increments (Webster Dictionary). One can see that those numbers in my equation are separated by a constant value.

Singapore SL 03:16 GMT April 21, 2004 Reply   
Hi Would anyone be kind to comment on the possibility of JPY going to 108 from her? Thanks

Quito Ecuador Valdez 03:09 GMT April 21, 2004 Reply   
Qindex//
When U get time I've got a question on the help forum amigo. Thnx!

OK SZ 03:07 GMT April 21, 2004 Reply   
have another sell order on euro at 1.1852..gl, gt all

Dallas GEP 03:00 GMT April 21, 2004 Reply   
Have a BUY order on USD/CHF @ 1.3110 waiting

hk ab nz 0.6 02:49 GMT April 21, 2004 Reply   
thanks qindex.

Brisbane Aus 02:42 GMT April 21, 2004 Reply   
Talk of an Asian central bank buying ahead of
1.1800 is tempering the move lower IFR reporting this
its probably protecting that 118 option

Melbourne Qindex 02:36 GMT April 21, 2004 Reply   
hk ab nz 0.6 02:30 GMT - USD/CAD : Don't touch this pair at this moment.

hk ab nz 0.6 02:36 GMT April 21, 2004 Reply   
all depends how thick the resistance of dlr/cad is here.....jimvho.

bc// thanks for your sharing.

ICT ML 02:35 GMT April 21, 2004 Reply   
You a Brave man there YIPPEE....wuld wish ya well but that would cost me some $$$....LOL

NYC YIPPEE 02:31 GMT April 21, 2004 Reply   
FWIW Waited and waited.. Now diving in the deep end.

Buying EURUSD at 30 stop 1.1770 looking for 1.1980.

Buying AUDUSD at 14 stop .7265 looking for .7430.

Buying EURJPY at 80 stop 128.25 looking for 130.30

hk ab nz 0.6 02:30 GMT April 21, 2004 Reply   
dlrcad..... trying 1.36 soon?
qindex, may I have some help from you on this?

Melbourne Qindex 02:24 GMT April 21, 2004 Reply   
Melbourne Qindex 00:01 GMT April 21, 2004
GBP/USD : Monthly Cycle Quantised Levels


............


The market is very negative today since we see sellers at 1.7858.

Dallas GEP 02:19 GMT April 21, 2004 Reply   
Longed some pound @ 1.7808 looking for 1.7845

Melbourne Qindex 02:17 GMT April 21, 2004 Reply   
AUD/USD : Current expected trading ranges are 0.7187 - 0.7266 - 0.7344.

hk ab nz 0.6 02:10 GMT April 21, 2004 Reply   
sp// any success in filling aud/nzd short at 1.1730?

Melbourne Qindex 02:02 GMT April 21, 2004 Reply   
AUD/USD : Short term target 0.7187.

Caribbean! Rafe... 02:02 GMT April 21, 2004 Reply   
EUR/USD UPPER BANDS 1.1874 1.1888 1.1905 1.1919 1.1933 1.1951 1.1979
LOWER BANDS 1.1846 1.1832 1.1815 1.1801 1.1787 1.1769 1.1741

Melbourne Qindex 02:02 GMT April 21, 2004 Reply   
AUD/USD : It is very negative when the market is trading below 0.7317.

hk ab nz 0.6 01:51 GMT April 21, 2004 Reply   
nt// any faith to short dlr/jpy?

hk ab nz 0.6 01:51 GMT April 21, 2004 Reply   
aud seems have a long way to go if gold can't guard 390.

I am preparing the .70xx contra.

hk ab nz 0.6 01:48 GMT April 21, 2004 Reply   
sp//fwiw, I set my T/P on eur/aud long @1.6340 and 1.6350 for the two lots.

hk ab nz 0.6 01:41 GMT April 21, 2004 Reply   
sp//dlrcad is drawing my attention.
Fail to break 1.36 will give dlr bulls a break for this week.

brisbane L 01:40 GMT April 21, 2004 Reply   
Seems some option protection on the Euro around 118 and aud around 73

both expire in NY

hk ab nz 0.6 01:39 GMT April 21, 2004 Reply   
sp// may give 1.1730 aud/nzd a try short for my 2nd.
price hitting channel top now.

Singapore Pilot 01:37 GMT April 21, 2004 Reply   
Aud/Jpy Liquidation ..plus Aud/Nzd buying really putting a lot of pressure on Nzd....intraday day guys will probably run for cover....

hk ab nz 0.6 01:33 GMT April 21, 2004 Reply   
sp// 1st rule in fx, don't overtrade.....

but many can't follow including myself at times.

Gen dk 01:31 GMT April 21, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

sgp sp 01:30 GMT April 21, 2004 Reply   
ab....mi2.....if u can get it a 1.6129, that was abt where my stop was place...(1.6133) . Now looking for re-entry....regarding the aud/nzd, I will wait for u to add ur second possie first. :)

did not sleep as much as I desired :(

hk ab nz 0.6 01:28 GMT April 21, 2004 Reply   
does anyone have any strong support number on nzd?

or my handle?

hk ab nz 0.6 01:24 GMT April 21, 2004 Reply   
may buy some eur or sold some chf later when gold stabilizes a bit.

hk ab nz 0.6 01:23 GMT April 21, 2004 Reply   
sp// how about your eur long?

I slept eventually last night, too tired.

hk ab nz 0.6 01:22 GMT April 21, 2004 Reply   
sp// I give full support to qindex for eur/aud and I will hold till 1.6350.
Entered last night 1.6151 and 1.6129.

SOLD Massive eur/jpy 129.04 this morning!

Brisbane L 01:20 GMT April 21, 2004 Reply   
shanghai bc many thanks foryou help

Melbourne Qindex 01:19 GMT April 21, 2004 Reply   
USD/JPY : The mid-point reference of 108.06 - 109.14 is 108.60.

sgp sp 01:18 GMT April 21, 2004 Reply   
good morning ab.....my eur/aud s/l hit at 20 pips above b/e.....aud/nzd? I will take a look.

Melbourne Qindex 01:17 GMT April 21, 2004 Reply   
USD/JPY : Speculative selling will increase if the market can penetrate through the level 108.26 - 108.63.

shanghai bc 01:15 GMT April 21, 2004 Reply   

L -- Good morning..This Dollar bounce is not going to be that easy one way traffic because it is a bear rally in a major bear market..Eur/usd 1.18 will be traded around for some days as well..Same for aud/usd at the same time while euro dances..Imho..Good trdaes..

AB -- Good morning..All fiat currencies will disappear in the end let alone fixed rate or RMB..I have money notes from Song dynasty and Qing dynasty too..Timing is the only uncertainty..Not this year,I believe..Good trades..

hk ab nz 0.6 01:14 GMT April 21, 2004 Reply   
bc// what level in m/t would you see as good level to long gold again?

Is price heading to 360 range?

Caribbean! Rafe... 01:09 GMT April 21, 2004 Reply   
Caribbean! Rafe... 01:14 GMT March 11, 2004
I posted my projections the other day

the levels are.

1.2723

1.2499

1.2276

1.2056

1.1837 break of which leads easily to 1.1620.

hk ab nz 0.6 01:07 GMT April 21, 2004 Reply   
aud/jpy is the real risk factor on aud.

Martin, any new calc? thanks.

hk ab nz 0.6 01:05 GMT April 21, 2004 Reply   
bc// good morning.

See many people are speculating china move on yuan.....

better to spend the time to sell more dlr/jpy at the moment.

hk ab nz 0.6 01:04 GMT April 21, 2004 Reply   
sp// my m/t aud/nzd short now filled at 1.1690

SF Augustus 01:02 GMT April 21, 2004 Reply   
any news on this USD/JPY move South?

Singapore Pilot 00:58 GMT April 21, 2004 Reply   
Reuters report on comments by Kuroda.....The world's largest economies do not think China's current foreign exchange policy, which fixes its yuan directly to the value of the U.S. dollar, is sustainable, a top Japanese official said on Tuesday."I think G7 countries (are) of the view that China's currency regime is not sustainable," Haruhiko Kuroda, an adviser to Japan's prime minister and a former top currency official, told reporters in New York after participating in a debate focused on the role of financial markets in sustaining economic growth in Asia, organized by the Japan Society and Citigroup.

Melbourne Qindex 00:48 GMT April 21, 2004 Reply   
Melbourne Qindex 00:48 GMT April 21, 2004
USD/JPY : Once the market can overcome the resistance at 109.14, it will head for 109.58 - 109.70. Speculative short selling can be carried out at the upper trading range around 109.70 or wait until the market retreat below 108.90

Melbourne Qindex 00:37 GMT April 21, 2004
USD/JPY : My daily cycle charts indicate that the market can easily retreat from 109.14 back to 108.06. A projected resistant point is positioning at 109.68.

Melbourne Qindex 00:25 GMT April 21, 2004
USD/JPY : 109.51 and 109.70 are quantized levels from my 3-month projection profiles.

Dallas GEP 00:44 GMT April 21, 2004 Reply   
OK guys 38% retracement levels on today's lows are 1.7875 on cable, 1.1865 on Euro and 1.3109 on usd/chf. The closer you can get to these levels for shorts on euro and pound and longs on usd/chf the better. A 30 pip stop should hold these in with a 70 pip or more target.

Singapore Pilot 00:41 GMT April 21, 2004 Reply   
CTAs buying Euro...Divergence seen in Euro? Intraday support seen at 1.1830?

manila stoked 00:40 GMT April 21, 2004 Reply   
makati obelix - fritz aclan... i think i've heard of him before. does he teach at performance forex group?

Singapore Pilot 00:39 GMT April 21, 2004 Reply   
sorry didnt see ur question mate...
Jap trust banks were buying at 109.05 earlier...
Now talk of exporters selling orders at 109.30

Singapore Pilot 00:38 GMT April 21, 2004 Reply   
Internet guys selling usd yen up here as well

Brisbane L 00:37 GMT April 21, 2004 Reply   
Rumours of Euro buying by an Asian central bank.

Makati Obelix 00:29 GMT April 21, 2004 Reply   
Stoked of Manila. There are couses being offered in Makati on technical analysis. Resource speaker is Fritz Aclan.

Melbourne Qindex 00:25 GMT April 21, 2004 Reply   
USD/JPY : Current Comment.  Register with [email protected] if you have no access to my page.

manila stoked 00:23 GMT April 21, 2004 Reply   
stockholm za
i don't trade by EW alone as i don't quite fully understand it yet. i've only been trading for a month and i'm still trying real hard to get the feel of the market as well as try to learn as much as i can from books and from suggestions made by fellow traders in this forum. this is the philippines - no decent course here that offers to teach technical analysis. although i do thank you for concern.
gl and gt to all.

Ga Lee 00:18 GMT April 21, 2004 Reply   
Ga Lee 23:40 GMT April 20, 2004
wrong on my euro price(1.1823) but fxq got it right

nyc sa 00:15 GMT April 21, 2004 Reply   
japs Trust banks buying what and at what level ,Singapore pilot ?

Stockholm za 00:13 GMT April 21, 2004 Reply   
manila stoked >>> I hope you do not trade by EW alone..
Thank you & many Happy trades .....

Melbourne Qindex 00:11 GMT April 21, 2004 Reply   
Melbourne Qindex 00:11 GMT April 21, 2004
GBP/USD : A projected barrier has been established at 1.7855 - 1.7872.

atlanta 00:11 GMT April 21, 2004 Reply   
Thanks for all the advice. It appears to be good advice that I'll follow. What would be a GOOD buy level for EUR/USD?

Singapore Pilot 00:07 GMT April 21, 2004 Reply   
Margin guys taking profit in usd yen up here..109.00 10 area
Jap Trust banks buying....

Melbourne Qindex 00:02 GMT April 21, 2004 Reply   
GBP/USD : Current Comment.  Register with [email protected] if you have no access to my page.

 




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