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Forex Forum Archive for 04/29/2004

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Melbourne Qindex 23:57 GMT April 29, 2004 Reply   
EUR/USD : the following is still valid :-

Melbourne Qindex 01:43 GMT April 28, 2004
EUR/USD : The current expected trading range from my 3-month projection profiles are is 1.1575 - 1.1959 and the mid-point reference is 1.1767. After expansion the trading reference is as follow :-

... // 1.1575* - 1.1671 - 1.1767 - 1.1863 - 1.1959*// ...

Melbourne Qindex 23:55 GMT April 29, 2004 Reply   
Dublin CK 23:36 GMT - You are welcome! I am going to be very busy in Hong Kong and can't spend too much time on my market research.

Dublin CK 23:36 GMT April 29, 2004 Reply   
Melbourne Qindex

Thank you for your analysis, enjoy your time in Hong Kong.

Miami OMIL (/;-> 23:31 GMT April 29, 2004 Reply   
FWIW gold is not taking off either (389-390 seem to be resistance for the time being) and that is a good indicator that the Bull Run for eur/ud might not have enough to break through. We will see, either way I will be ready to go where the market takes me. Later

Miami OMIL (/;-> 23:19 GMT April 29, 2004 Reply   
I can tell that the market took a lot of traders by surprise by the silence here in the forum today. I was short on eur/usd also and reversed my position when the resistance gave way but was not impressed by the follow through in the bullish run. Although the intraday indicators are in O/B territory the mid term indicators are turning bullish. BTW I don’t have an intraday sell signal for this pair yet. The new set of numbers to look for if this top holds is 1.1915-20, 1.1895-1900 and 1.1870-75. Support is found around 1.1885-1900 1.1840-30 and 1.1800-10 for the moment IMHO. GL GT

LAX-LGB SNP 19:14 GMT April 29, 2004
Hope you are doing well I had my trailing stop hit when the market rejected the resistance but like I said before I am not complaining about a winning trade. GL GT

Tokyo Jon 22:54 GMT April 29, 2004
Good morning to you Jon I hope you are doing well too. I was not impressed by the follow through on this bull run for the eur/usd today. I tend to agree with you and Qindex if the support is taken out the market will drift lower rather than higher for the moment. Even with the midterm indicators turning up I believe that the bears have another chance to take out the bottom if the support is taken out today IMHO. GL GT

Brisbane L 23:13 GMT April 29, 2004 Reply   
PBOC would raise interest rates 50 bps. The decision made yesterday after emergency meeting held to discuss measures to curb investment growth, report says new rate would come into effect after May Day Holiday.

The South China Morning Post

OK SZ 23:10 GMT April 29, 2004 Reply   
Jon, are you saying that the high for the asian session is 1.1962 then selling will take over? thanks for your comments

nyc sa 23:10 GMT April 29, 2004 Reply   
good evening all , any insights as to the $/CHF? is it a buy or a sell or just ranging ? thnx .

LTN th 23:02 GMT April 29, 2004 Reply   
Speed at which police can contain Jakarta riots may bear on markets today/tomorrow. Scale of disturbances difficult to gauge.

Tokyo Jon 22:57 GMT April 29, 2004 Reply   
eurusd(1.1959) daily forecasted range
High - 1.1962
Low - 1.1841
Close - 1.1899
expect to set the high during asian session and sell trading is expected. all imho

Tokyo Jon 22:54 GMT April 29, 2004 Reply   
goodmorning all

Melbourne Qindex 22:22 GMT April 29, 2004 Reply   
KL KL 22:04 GMT : GBP/USD : It is in a neutral position.


Melbourne Qindex 01:12 GMT April 25, 2004
GBP/USD (Weekly Cycle) : The key level of my weekly cycle is located at 1.7621. The pattern of my weekly cycle charts suggest that the market has a tendency to trade between 1.7621 - 1.7931 initially this week. .........................................................................................

KL KL 22:04 GMT April 29, 2004 Reply   
Melbourne Qindex, How about the GBPUSD pair? tia

Melbourne Qindex 21:17 GMT April 29, 2004 Reply   
EUR/USD : Current Comment.  Register with [email protected] if you have no access to my page.

Melbourne Qindex 21:11 GMT April 29, 2004 Reply   
Mla Evan 19:12 GMT April 29, 2004
Qindex, both A & B barriers broken, what now?

Melbourne Qindex 07:04 GMT April 29, 2004
EUR/USD : My monthly cycle charts suggest that the market is going to trade between 1.1787 - 1.1967 within the remaining period of this month.


Set A : ... // 1.1787* - 1.1877 - 1.1967* // ...

Set B : ... // 1.1808* - 1.1886 - 1.1963* // ...


We have to waite and see whether the market can run away from the pulling force of 1.1963 - 1.1967. One should consider those points as super magnets instead of treating them as convention support/resistant points.

Gibraltar PW 21:02 GMT April 29, 2004 Reply   
Much appreciated.

GVI john 21:01 GMT April 29, 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/$ 1.19700…$/yen 109.95
DJIA 10,272, -70 pts…NASDAQ 1,959, -31 pts
10-yr 4.54%, +5 bp’s
PERSONAL OPINIONS:
For a broad range of opening levels click on “GVI’s Market Tracker”:
CLICK HERE


SEE GVI FOR TEXT

clon glenn 20:56 GMT April 29, 2004 Reply   

what a ridiculous excuse for a spam advert Chicago

USA Biscuit Boy 20:43 GMT April 29, 2004 Reply   
Sqaured short eur/usd trade for a measely 2 pips (all this pips are slowly adding up lol). I don't think we have finished with this signififcant resistance!

OK SZ 20:21 GMT April 29, 2004 Reply   
ST, yes profit is a good thing..seems like they want to push this thing to 120 but not sure they can get there..gl gt this evening

houston st 20:18 GMT April 29, 2004 Reply   
OK SZ 20:02 GMT - never hurts to book profit, especially in this market; waiting for ambush hour to start shortly. gl.

Indonesia Solo Raden Mas 20:13 GMT April 29, 2004 Reply   
hello all my friends

OK SZ 20:07 GMT April 29, 2004 Reply   
Biscuit boy, thank you..just tried a small short here..will see what happens...gl,gt

USA Biscuit Boy 20:05 GMT April 29, 2004 Reply   
Great job SZ!

USA Biscuit Boy 20:02 GMT April 29, 2004 Reply   
What a fantastic day in the forex market, plenty of big moves in all pairs. Yet to catch any tho lol.

OK SZ 20:02 GMT April 29, 2004 Reply   
euro hourly chart is overbought and stochastic is topping out..should not have much more to the upside imho. I covered at 75 for now..might consider short now

USA Biscuit Boy 19:40 GMT April 29, 2004 Reply   
Exited short eur/jpy for a handful of pips and sold eur/usd at 1.1973.

Toronto Silverfox 19:19 GMT April 29, 2004 Reply   
Aviator , we're neighbours

Mla Evan 19:18 GMT April 29, 2004 Reply   
Am still long and watching when to cover?

USA Biscuit Boy 19:17 GMT April 29, 2004 Reply   
Gibraltar PW 19:10 GMT April 29, 2004

That figure looks accurate to me matey :)

GER ad 19:16 GMT April 29, 2004 Reply   
Gibraltar PW 19:10,
I have 1.7712/15

LAX-LGB SNP 19:14 GMT April 29, 2004 Reply   
OMIL
hope ya hung in there for the eurusd/eurjpy/usdchf ride ... i'm out except for gbp's and an ill-timed aud$ (gotta give somethin back y'know) ;-)

LA SID 19:14 GMT April 29, 2004 Reply   
Evan, run for cover!!

Mla Evan 19:12 GMT April 29, 2004 Reply   
Qindex, both A & B barriers broken, what now?

Melbourne Qindex 07:04 GMT April 29, 2004
EUR/USD : My monthly cycle charts suggest that the market is going to trade between 1.1787 - 1.1967 within the remaining period of this month.


Set A : ... // 1.1787* - 1.1877 - 1.1967* // ...

Set B : ... // 1.1808* - 1.1886 - 1.1963* // ...

Gibraltar PW 19:10 GMT April 29, 2004 Reply   
can anyone confirm the cable low in matching in the last 30 mins plse? I have it ard 1.7711 from my charts.

Athens 19:04 GMT April 29, 2004 Reply   
EUR/JPY broke a good resistance 131.00 earlier today which now serves as a support. However, this cross has now reached my heavily O/B zone which begins at 131.75 for today. It could backfire.

OK SZ 18:54 GMT April 29, 2004 Reply   
120.. trailing my stop..

ny amc 18:51 GMT April 29, 2004 Reply   
trying one more time short eur/usd @ 1.1960 sl @ 1.1990 tar 1.1920 and short eur/gbp @ .6744 sl @ .6775 tar @ .6700

houston st 18:51 GMT April 29, 2004 Reply   

OK SZ 18:48 GMT - nicely done; what's your tp?

OK SZ 18:48 GMT April 29, 2004 Reply   
ST, went in at 11928...se what happens...lookiing for a stron finish today..gl,gt

houston st 18:35 GMT April 29, 2004 Reply   
SZ - good luck; mkt looking for direction @ the moment; will probably stay on sidelines for now. gl.

OK SZ 18:33 GMT April 29, 2004 Reply   
ST, if we close above 11925 I will place a long and try for 120..

OK SZ 18:28 GMT April 29, 2004 Reply   
ST, goo day, I have had internet probs all day..platform went down could not place any trades so by then when things were up it was to late..looking at it now this 1.1925 level to me is the point..if it vloses below that, then I might place a small short..other than that nothing else much..

Va Raven 18:25 GMT April 29, 2004 Reply   
OK SZ 18:16 - No, I am ont going anywhere, just change desk. Cheers!

houston st 18:22 GMT April 29, 2004 Reply   

SZ - you up to anything at the moment? I'm out of euro length for the moment, and I've actually been tempted to go short since my return from Internet limbo. gl/gt.

Livingston nh 18:18 GMT April 29, 2004 Reply   
catching up -
KL KL - no cable possie
Van jv - MACD daily 13, 34, 8

LAX-LGB SNP 18:16 GMT April 29, 2004 Reply   
LAX-LGB SNP 02:08 GMT April 29, 2004
eurjpy just above y'day's 130.28-130.38 but well above last week's 129.53-128.33
anyone looking for 131.5x ++ ?
gbpjpy also above last week's 193.92-193.40 ... anyone looking for 197 ?

p.s. EURUSD never even came close to 1.1785 and will probably close above weekly 50 sma ... USDCHF's foray was just as pathetic
also AUDUSD daily argues for a move higher and USDCAD spent almost 12-16 hours @ 1.375x but no free jail pass (yet)

OK SZ 18:16 GMT April 29, 2004 Reply   
Raven, I hear your leaving us, where are you headed and are you coming back anytime? wish you luck whereever your headed..will miss your posts..I look forward to reading them..they keep my spirits up..gl

TORONTO aviator 18:04 GMT April 29, 2004 Reply   
toronto (Dr unken Katt 17:32

I agree.
Live in King City.

Van jv 17:39 GMT April 29, 2004 Reply   
Stockholm za 17:15////thanks.wish I had your flexibility...

Va Raven 17:35 GMT April 29, 2004 Reply   
LOL Irish!

Stockholm za 17:34 GMT April 29, 2004 Reply   
Va Raven… The choice meat comes first…. For sure I will not go for the ants when the bull is standing there…would you? ……….lol

Zero tolerance for stop loss…

)toronto( Dr Unken Katt 17:32 GMT April 29, 2004 Reply   
TORONTO aviator 16:05 GMT April 29, 2004

the trick is to pick someone consistent & confident

where do u live , aviator downtown?

Chicago Irish 17:30 GMT April 29, 2004 Reply   
Tut Tut Raven you are confusing an "elite predator" with an "elite pre-dater"........

Va Raven 17:21 GMT April 29, 2004 Reply   
You have to give it a second thought, no?

Va Raven 17:20 GMT April 29, 2004 Reply   
Same thing happenning to a girl passing your way too?

Stockholm za 17:15 GMT April 29, 2004 Reply   

Van jv 16:54 GMT
Well… whichever way it goes I am there …
I am not married to no bear OR bull…
I see my self as an elite predator.. I hunt bears, bull, rats, snakes even ants..
Which ever one pass my way there are in for the kill…
Happy safe trades…..

Ps.. It is given that we should spend 1 week inside the weekly ema 34/55 band….

USA Biscuit Boy 17:03 GMT April 29, 2004 Reply   
Squared kiwi trade for 3 pips yay :)

Bucharest Razvan 17:02 GMT April 29, 2004 Reply   
Hi guys.. got around a computer again

Please tell me what is the high for the day on your platforms? I get a whopping 1.2389, but it MUST be wrong, since my stops were NOT triggered!! Actually the only thing that got triggered was my 1.1960 short (stop 1.1985) which was entered a couple of days ago, and so far is doing just fine.. (just raiding with this one, hence the tight stop)

On a side note, very confusing action today.. Some may call me demented, but I'm still a USD bull for now.. A cautios one, though..

USA Biscuit Boy 17:01 GMT April 29, 2004 Reply   
Sold eur/jpy at 131.43

Miami OMIL (/;-> 16:58 GMT April 29, 2004 Reply   
My trailing stop was taken out but I won’t complain the market is always right. It is kind of early to call but as long as the resistance 1.1970-80 holds up we have retracement around 1.1910-15, 1.1890-95 and 1.1870-80. Support is around 1.1880-90 at this moment IMHO. GL GT

Nottingham 16:56 GMT April 29, 2004 Reply   
thx za...gl gt

Van jv 16:54 GMT April 29, 2004 Reply   
Stockholm za 16:41 ///doubt lows----looking for 1.20+ st

Stockholm za 16:52 GMT April 29, 2004 Reply   

IMM.......

Hunt or be hunted...
Trap or be trapped.....
Happy trades.....

Nottingham 16:46 GMT April 29, 2004 Reply   
Stockholm za 16:41 GMT

Your close would be London roll-over or IMM?

Stockholm za 16:41 GMT April 29, 2004 Reply   
fwiw...
We are looking for a close under ~11875 today so that we can put in a new low to close the week ...
Top side gate-way given at the moment ~12005/10.....
Happy trades to all.......

Sydney alimin 16:26 GMT April 29, 2004 Reply   
closed short eur/usd position 1.1934 for 40 pips...enough for today...
good luck all, need some good sleep, see u in 8 hours

Van jv 16:06 GMT April 29, 2004 Reply   
Livingston nh 14:58 Thank for info. Re"- MACD rising first time in a month"----- what input values and on daily? tia

TORONTO aviator 16:05 GMT April 29, 2004 Reply   
toronto (Dr unken Katt 15:35
Good choice.. I have left a post on the help forum for you. GL & GT

GER ad 16:03 GMT April 29, 2004 Reply   
And the week winners are EUR/AUD (CHF/AUD), EUR/JPY (CHF/JPY) and EUR/CAD (CHF/CAD)...
Cable, volatile but no much change.

houston st 16:03 GMT April 29, 2004 Reply   

Sydney alimin 15:53 GMT - is that all? :)

hope everyone made some $ today. gt.

Sydney alimin 15:53 GMT April 29, 2004 Reply   
houston, st: u 'only' missed 170 pips eur/usd upmove :)

houston st 15:51 GMT April 29, 2004 Reply   

I'm back; what a long 24 hours w/o my internet connection; did I miss anything? :) gl/gt.

USA Biscuit Boy 15:47 GMT April 29, 2004 Reply   
Bought kiwi at 0.6209.

OK SZ 15:41 GMT April 29, 2004 Reply   
for the euro we need to break below 11925 and close below that to continue the downside.. fwiw

)toronto( Dr Unken Kat 15:35 GMT April 29, 2004 Reply   
TORONTO aviator 13:32 GMT April 29, 2004

no i dont , i lost some cash couse i did , i only pay attention to what Tallin Viies has to say

KL KL 15:29 GMT April 29, 2004 Reply   
Livingston nh 14:58 GMT April 29, 2004, Are you short cable at 1.78?? What is your possie now.

ny amc 15:28 GMT April 29, 2004 Reply   
chicago...........i hope their right

Chicago JMI 15:24 GMT April 29, 2004 Reply   
ny amc 14:58 GMT April 29, 2004

It makes sense to me. I believe the intermediate term trend is still down, and any upmove is probably corrective to take out dumb money stops before it heads lower.

Livingston nh 14:58 GMT April 29, 2004 Reply   
EUR/USD looks positive - back above 200 da mva and testing 21 sma - MACD rising first time in a month// Cable still looks to have some work towards 200 da mva into next week's MPC decision - 21 sma crossed under 55 ema so a test towards today's low into the weekend

ny amc 14:58 GMT April 29, 2004 Reply   
just spoke with my friend at a major house and he said they are shorting gold like crazy?????

HK Kevin 14:48 GMT April 29, 2004 Reply   
Hi hong kong nt, how are you. Sold 1st positions of EUR/JPY at 131.32.

USA Biscuit Boy 14:45 GMT April 29, 2004 Reply   
Hi guys. My short euro possie was stopped out for a tiny profit well before the GDP data. What a reaction. Suspect even if data was good euro was going up no matter what.

hong kong nt 14:41 GMT April 29, 2004 Reply   
AB -- USD/CHF 1.2900 may mark the low for this week...

mex sjs 14:35 GMT April 29, 2004 Reply   
eur & chf are at their highs of the week, while gbp is around its 50% of weekly range...i just longed it at 1.7780..stop =1.7750 tgt>1.7830...

guangzhou lolo 14:31 GMT April 29, 2004 Reply   
i think it will pull back, it's time to take profit, good night all..

HK Kevin 14:31 GMT April 29, 2004 Reply   
Any interest now to short EUR/JPY with 100 pips stop.

Stockholm za 14:30 GMT April 29, 2004 Reply   

fwiw.......
RUMOUR :- Bearish ambush at hand....
Happy trades.......

London HC 14:29 GMT April 29, 2004 Reply   
Sydney bl 14:24 GMT April 29, 2004 -- price action suggests market has been caught wrongfooted and is being squeezed.

Miami OMIL (/;-> 14:29 GMT April 29, 2004 Reply   
1.213040=1.2130-40

HK Kevin 14:29 GMT April 29, 2004 Reply   
Closed long Cable from 1.7628 at 1.7782 and 1.1802. HK guy, next resistance at 1.7840/50 if 1.7815 broken.

Tokyo Jon 14:28 GMT April 29, 2004 Reply   
goodnight all, thanks to those for the support. keep up the great calls Q and the rest.
my leaving thoutght is that eurusd has high chance to close at 1.1868 tonight enjoy. will chat tomorrow

Quito Ecuador Valdez 14:28 GMT April 29, 2004 Reply   
ICT ML 14:04 GMT //
could not agree more. The days that the Fed speaks and other 'big news' days are for high risk takers only. Best to spend time with your family 'til the smoke clears & we can get back to logical trading. Glad I was on demo and even the demo platform crashed 4 times, pathetic...time to enjoy life and forget fx for a day. or two. Online forex is not that old...maybe in the future they'll get some halfway decent servers and throughput. Adios 4 today all! GL GT GDay

Miami OMIL (/;-> 14:28 GMT April 29, 2004 Reply   
HOUSTON KEN 14:17 GMT April 29, 2004
If you are on the train don’t get off just keep moving your stops and ride it until it stops IMHO.
Resistance for eur/usd has changed since that post I made in 4-27. Here are the new resistance numbers 1.1970-80, 1.2070-80 and 1.213040 IMHO. GL GT

slv sam 14:26 GMT April 29, 2004 Reply   
Newcastle GH 14:23 /
thanks! trying to "be flexible" :)) GT

HOUSTON KEN 14:25 GMT April 29, 2004 Reply   
cable guys cable when is the next resistance so i can exit any body?

Sydney bl 14:24 GMT April 29, 2004 Reply   
Hi everyone can anyone tell me why the EUR and GBP just goes up and up never stop, thank you very much

Newcastle GH 14:23 GMT April 29, 2004 Reply   
slv sam 13:43 GMT April 29, 2004
closed short euro and revesed target 1.2070.GT

Hats off to you sir! Good reversal and call! That's trading!

Paradice devil 14:19 GMT April 29, 2004 Reply   
I went to the market ,and what i saw: there is no more eur left. maybe you want to sell me? lol

Sydney alimin 14:19 GMT April 29, 2004 Reply   
got stopped out 1.1925, will try my last short for tonite 1.1974 for eur/usd!!

Eilat Dolphin 14:19 GMT April 29, 2004 Reply   
GEP/ Sound advice. My fingers wanted to short...

OK SZ 14:17 GMT April 29, 2004 Reply   
Farmacia, it will be interesting for awhile that is for sure..gl, gt take care

HOUSTON KEN 14:17 GMT April 29, 2004 Reply   
HOW HIGH WILL CABLE GO SO I WILL EXIT?

Miami OMIL (/;-> 14:17 GMT April 29, 2004 Reply   
Now that the resistance is taken out these are the numbers I posted earlier. I will keep moving my stops and adding to this nice bull run at the moment.
Miami OMIL (/;-> 21:32 GMT April 27, 2004
TarHeel I am not counting the bears out yet but a momentum is building around the bottom of 1.1760-50 and if the 1.1950-60 barrier is taken out then I see rough fibo numbers at 1.2000-10, 1.2070-80, 1.2145-55 and 1.2240-50. Resistance is around 1.2010-30, 1.2180-90 and 1.2250-60 for now IMHO. GL GT

Nottingham 14:16 GMT April 29, 2004 Reply   
euro...next key zone at 1.2050/60...previous zone now acts as support...gl gt

OK SZ 14:16 GMT April 29, 2004 Reply   
I have a resistance next at 1.2006/1.2026/1.2088

Moscow Boris 14:15 GMT April 29, 2004 Reply   
Thank you GEP master.

melbourne farmacia 14:15 GMT April 29, 2004 Reply   
OK SZ 13:58 GMT April 29, 2004
Agree - more daily swings to come..

Dallas GEP 14:13 GMT April 29, 2004 Reply   
GUYS PLEASE do not try to TOP pick these pairs for a reversal. you could be hurt very badly. I would wait until at least MID NY session before things settle. Euro probably will print 1.2000

Newcastle GH 14:11 GMT April 29, 2004 Reply   
ICT ML, Are you saying that your stops and limits are not honoured by your broker? Or you get slippage? If so, I am certainly not amazed by this as I have experienced all of that!
I have several accounts as many traders do. For different purposes. E.G. I use one that absolutely guarantees so slippage - but the spreads are wider than I want for slow markets. So I use another for that! We all win in the end! (well, hopefully! It ain't easy kids!)

slv sam 14:08 GMT April 29, 2004 Reply   
$$$ trend reversed? medium term yes for sure.GT

Eilat Dolphin 14:08 GMT April 29, 2004 Reply   
amc/ LOL!

ny amc 14:05 GMT April 29, 2004 Reply   
eliat.......sorry born in 1970

HKG FEI 14:05 GMT April 29, 2004 Reply   
cable, good boy! keep on flying, like to meet u at 184xx

SF MRZ 14:04 GMT April 29, 2004 Reply   
Trailing stop in place for Eur/$. Time for bed. lost a few on some shorts, but made it on the longs.

ICT ML 14:04 GMT April 29, 2004 Reply   
Toronto Ben 13:50 GMT
it is that way nearly every month at GDP and NFP data announcements. every online broker I have used has terrible execution during these times.

So, for some of us, being able to get out of a trade is more important than the chance of guessing market reaction correctly and jumping into trades, so we often avoid trading on days like this.

It is great stuff when the "data" trades go our way...but can be disasterous when they don't.....

Jubail S 14:00 GMT April 29, 2004 Reply   
OK SZ
More explanation;please

OK SZ 13:58 GMT April 29, 2004 Reply   
Tomorrow will be a different day for the euro..

Eilat Dolphin 13:58 GMT April 29, 2004 Reply   
amc/ 1944, remember ?

Melbourne Qindex 13:56 GMT April 29, 2004 Reply   
Melbourne Qindex 01:43 GMT April 28, 2004
EUR/USD : The current expected trading range from my 3-month projection profiles are is 1.1575 - 1.1959 and the mid-point reference is 1.1767. After expansion the trading reference is as follow :-

... // 1.1575* - 1.1671 - 1.1767 - 1.1863 - 1.1959*// ...

Sydney bl 13:56 GMT April 29, 2004 Reply   
thanks SA M and Quito Ecuador Valdez

Eilat Dolphin 13:56 GMT April 29, 2004 Reply   
Meant be neutral for a few hours.

TORONTO aviator 13:55 GMT April 29, 2004 Reply   
Torornto Ben 13:50

Ask Jay for my e-mail. I have info for you.

Quito Ecuador Valdez 13:55 GMT April 29, 2004 Reply   
Toronto ben//
quito_valdez at yahoo

ny amc 13:54 GMT April 29, 2004 Reply   
eliat...........what did you mean by your post?

Saihat 13:53 GMT April 29, 2004 Reply   
Saihat 03:45 GMT April 29, 2004
may works..may not

sell usdjpy 110.30....stop 110.55...LOSS

buy eur 118.15....stop 118.00....work

sell usdchf 1.3095....stop 1.3110.....work

buy aud usd 7180....stop 7160....loss

sell usdcad 1.3755...stop 1.3780....work

Miami OMIL (/;-> 13:52 GMT April 29, 2004 Reply   
Tough resistance is coming up in 1.1960 for eur/usd IMO.

Toronto Bogdan 13:51 GMT April 29, 2004 Reply   
That's 8:30 - 9:30 eastern time. Sorry.

Eilat Dolphin 13:51 GMT April 29, 2004 Reply   
Euro just printed D Day number = time to ease off... and dance.

Toronto Ben 13:50 GMT April 29, 2004 Reply   
Did any of you guys have a hard time getting your trades executed between 8:30 and 9:30?

With my broker?...My orders were pending for like 5 minutes - I lost 8% of my account today because of that.

I would appreciate some advice - what broker is reliable - can I find any ratings anywhere on the net?

Thanks

ham cla 13:49 GMT April 29, 2004 Reply   
fwiw watch out for eur/chf now!!

Quito Ecuador Valdez 13:46 GMT April 29, 2004 Reply   
Sydney//
The market's weird now no possies advised...short or long ..totally erratic. USA news was not that bad but you know the paranoid mkt! Wait til you see a definite downturn to short. Look since 1 hr ago..2 false starts at shorts, caught me too! Be patient 30 min more at least.

SA M 13:44 GMT April 29, 2004 Reply   
Sydney bl 13:40 GMT April 29, 2004
Hi everyone can we short eur/usd now?

Only if you have $$ to spend.

slv sam 13:43 GMT April 29, 2004 Reply   
closed short euro and revesed target 1.2070.GT

Gen dk 13:41 GMT April 29, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Sydney bl 13:40 GMT April 29, 2004 Reply   
Hi everyone can we short eur/usd now?

Melbourne Qindex 13:39 GMT April 29, 2004 Reply   
sar jf 13:37 GMT - Thank you for your kind words.

EUR/JPY : A strong pullback is imminent.

HK Kevin 13:37 GMT April 29, 2004 Reply   
If cable can break 1.7720/30, next t/p is 1.7780

sar jf 13:37 GMT April 29, 2004 Reply   
dr q well done in euryen

Miami OMIL (/;-> 13:36 GMT April 29, 2004 Reply   
Let’s not get this started it is a tough day as it is IMO. Jon has his system and we should work hard to get our own ready too.

Gen dk 13:36 GMT April 29, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

LA Mel 13:36 GMT April 29, 2004 Reply   
how many jigawatts?

TORONTO aviator 13:32 GMT April 29, 2004 Reply   
toronto (Dr Unken Katt) 13:24 GMT
You obviously have not been monitoring Tokyo Jon's excellent and accurate posts on this forum over the last few years.
I am not sure what the point of your negative sounding post is, perhaps you could enlighten us all in this forum, with the benefit of your experience and knowledge!!

Spotforex NY 13:31 GMT April 29, 2004 Reply   
I am almost complete in building my trading robot....just need a local thunderstorm to hit NYC to juice up the lab and put the final touches to my creation....

I call him mini-jay

)toronto( Dr Unken Katt 13:24 GMT April 29, 2004 Reply   
GEP, thanks, but I am just returning and the actual software package is still under development>>

whats that? another type of trading robot??

on the other forum everyone builds one ,

TORONTO aviator 13:23 GMT April 29, 2004 Reply   
TOKYO JON 13:07 GMT
Like GEP and others on this forum, I have missed your posts.
When you are ready to make your system available to other traders, I would be very interested.

makassar alimin 13:22 GMT April 29, 2004 Reply   
join the train to meet santa claus, short euro 1.1907

HK Kevin 13:22 GMT April 29, 2004 Reply   
Melbourne Qindex, you are most welcome.

Montréal Taro 13:16 GMT April 29, 2004 Reply   
Tokyo Jon 13:07 GMT
Does your system calculate the low for cable too ?
And if it does work well, I'd like to check it out. So if you need some help to test it, or if you want to make it available to others, let me know.

Melbourne Qindex 13:15 GMT April 29, 2004 Reply   
HK Kevin 13:14 GMT - Are we going to have dinner together?

Gen dk 13:14 GMT April 29, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

HK Kevin 13:14 GMT April 29, 2004 Reply   
Melbourne Qindex, we all owe you a dinner. However, strong up signal in the 4-hr chart of EUR and Cable, not much like range trading. I am long Cable from 1.7628 this afternoon.

London RP 13:13 GMT April 29, 2004 Reply   
cheers Martin.


i dont disagree with that at all.

gl

Melbourne Qindex 13:13 GMT April 29, 2004 Reply   
EUR/JPY : It is interesting that we can see the market can almost reach 131.65 on time.

Melbourne Qindex 03:34 GMT April 27, 2004
EUR/JPY : The key quantized level of my 5-day charts is positioning at 131.65. A projected supporting level is located at 128.39 - 128.58 and a projected resistant level is expected at 129.32 - 129.62. the congested area of my 5-day cycle is projected at 128.58 - 131.19. The odds are in favour of taking long position.


ny amc 13:12 GMT April 29, 2004 Reply   
selling eur/usd @1.1897 sl @ 1.1925 tar 1.1825

Miami OMIL (/;-> 13:12 GMT April 29, 2004 Reply   
FWIW the intraday indicators are showing a buy signal in my system for eur/usd. A test of the 1.1950-60 area might be in the cards later on today IMO. GL GT

shanghai bc 13:11 GMT April 29, 2004 Reply   

Short-term solid floor being formed in Eur/Gbp and Eur/Jpy..Fwiw..

Gold Coast martin 13:09 GMT April 29, 2004 Reply   
LONDON..RP..as posted earlier today after the breach of 7250 resistance the 7150 range was a formality..expected a bounce to 7220 from that level but that bounce has only been to 7185...expect the aussie to sink to the 68 level by tuesday next week as nearly all the major resistance levels have disappeared and there are no significant support levels ...plus gold is not really going to recapture the 410 levels seen before thus no support for aud....the darling of last year will be the ugly duckling of this year...down to 62 by november....g/l g/t

Athens 13:09 GMT April 29, 2004 Reply   
Finally, helped by the US figures, cable held above its support 1.7550 and rallied. I was not on that trade but took a nice profit from the $/JPY contras as suggested in the morning. See you sometime soon.

Dallas GEP 13:08 GMT April 29, 2004 Reply   
NOTTY I agree but I would be VERY surprised to see EURO higher than 1.1910 today

HKG FEI 13:07 GMT April 29, 2004 Reply   
OK PLS LET THE CABLE FLY UP, DONT SHOOT IT DOWN,
LETS FLY UP TP 1.84XX :)

Tokyo Jon 13:07 GMT April 29, 2004 Reply   
GEP, thanks, but I am just returning and the actual software package is still under development, but you will be the first to beta test for me. it has shown incredible results in live tests, and I will post every morning fyi. I did however miss the initial move tonight, but I still believe that 1.1970 is due to be seen later. ready to buy above 1.1905, gt to all

Melbourne Qindex 13:05 GMT April 29, 2004 Reply   
makassar alimin 12:54 GMT - Thank you for your kind words.

Nottingham 13:04 GMT April 29, 2004 Reply   
euro...there is a collection of technical levels falling between 1933-1950 (including the 200 day sma) and this zone will signal as to the strength of the current move...gl gt

Melbourne Qindex 13:02 GMT April 29, 2004 Reply   
EUR/USD : It is better to assume a range trading at this moment. The odds are now shift to short position.

London ADK 13:02 GMT April 29, 2004 Reply   
Livingston nh 12:53 GMT April 29, 2004 - agree with you, its the breakdown that counts and it clearly points to some price preasures in the future and the Fed might act earlier than expected.

Melbourne Qindex 13:02 GMT April 29, 2004 Reply   
EUR/USD : It is better to assume a range trading at this mpment. The odds are now shift to short position.

London RP 13:01 GMT April 29, 2004 Reply   
gold coast Martin

downside target for the aud plse?

Gold Coast martin 12:59 GMT April 29, 2004 Reply   
gentlemen....a tremour does not constitute an earthquake..euro still going south to meet santa claus in the next 3 sessions...worst fate awaits the aussie$.be patient and let the market come to you....

slv sam 12:59 GMT April 29, 2004 Reply   
slv sam 09:46 GMT April 29, 2004
IF i see 1.1880 i am going to short euro big time.GT

shorted euro as i promissed myself.

Gen dk 12:59 GMT April 29, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Dallas GEP 12:58 GMT April 29, 2004 Reply   
Jon, that was a VERY nice call on your part on the EURo as well. MARVELOUS system!!!

Swiss DG 12:57 GMT April 29, 2004 Reply   
Anyone can explain me these large up / down / up ?

makassar alimin 12:54 GMT April 29, 2004 Reply   
Qindex, u r the best in this business!!! thank you!!!
eat all those eur/usd short stops!!!

Nottingham 12:54 GMT April 29, 2004 Reply   
beijing road...target for primary aussie now done...gl gt

Ldn Hat 12:54 GMT April 29, 2004 Reply   
Have closed my recent short at 1.7650 :'(

Livingston nh 12:53 GMT April 29, 2004 Reply   
"Real personal consumption expenditures increased 3.8 percent in the first quarter, compared with an increase of 3.2 percent in the fourth." (BEA) Prices index jumped from 1.3% to 3.2% in GDP // Employment Cost Index increased from 0.8% to 1.1% on the strength of a jump in benefit costs - private sector jumped 2.6% benefits -- benefits are reflective of current price pressures but wages lag and will follow these prices higher

ham cla 12:51 GMT April 29, 2004 Reply   
eur/chf hearing big stops below 1.5425

toronto Dr Unken Kat 12:50 GMT April 29, 2004 Reply   
shorted more cable ?? thats original

van Gecko 12:48 GMT April 29, 2004 Reply   
if 1.1760 survive the fenzy bottom feeder's assult this week.. the odds for "Sayonara dollar..take a Siesta" will increases substantially as the market begin the month of May..

slv sam 12:48 GMT April 29, 2004 Reply   
sold e/y at 131.40 target 129 s/l 132.50.GT

Brisbane L 12:48 GMT April 29, 2004 Reply   
EUR 1.1800, 60 NY 14.00gmt option expiry

Miami OMIL (/;-> 12:47 GMT April 29, 2004 Reply   
The spike took a lot of stops out but market right now is undecided about how to take these numbers tough waters coming up swim with caution IMHO. GL GT

City TW 12:43 GMT April 29, 2004 Reply   
USD/JPY new high...

Ldn Hat 12:42 GMT April 29, 2004 Reply   
Shorted more GBP/USD at 1.7650 target 1.7550 data GDP is laging indicator and other data showing good % gains.

Also other data released today are good so I will short here IMHO

London RP 12:40 GMT April 29, 2004 Reply   
Euro not respond as GDP numbers not as high due to inflation aspect - this is dollar bullish - initial reaction was to the 4.2% number.

Bucharest Razvan 12:40 GMT April 29, 2004 Reply   
hmph.. fwiw (which is probably nothing), i'm still holding shorts for just above 1.17.

st. pete islander 12:39 GMT April 29, 2004 Reply   
Gold spiked to 376.30

London BM 12:39 GMT April 29, 2004 Reply   
GDP lower thatn expected, but inflation is higgher than expected. There is till preceived pressure on the Fed to raise rates.

City TW 12:38 GMT April 29, 2004 Reply   
USD is getting back to normal...

slv sam 12:37 GMT April 29, 2004 Reply   
IMHO euro failed to respond to US disappointing numbers! expect to see euro at 1.17 level today!GT

Brisbane L 12:36 GMT April 29, 2004 Reply   
Oil Price Could Collapse - OPEC

Gen dk 12:36 GMT April 29, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Chicago YM 12:35 GMT April 29, 2004 Reply   
Thinking....

Melbourne Qindex 12:34 GMT April 29, 2004 Reply   
Melbourne Qindex 07:54 GMT April 29, 2004
EUR/USD : A projected supporting barrier has been established at 1.1808 - 1.1813 and a projected barrier is located at 1.1880 - 1.1886. The odds are in favour of taking long position at this moment. The market is likely to trade between 1.1808 - 1.1886 for the time being.

Melbourne Qindex 07:48 GMT April 29, 2004
EUR/USD : Daily Cycle Quantized Levels

... 1.1759 - 1.1784 // 1.1808 - 1.1832 - 1.1856 - 1.1880 - 1.1904 // 1.1928 ...

Melbourne Qindex 07:05 GMT April 29, 2004
EUR/USD : My monthly cycle charts suggest that the market is going to trade between 1.1787 - 1.1967 within the remaining period of this month.


Set A : ... // 1.1787* - 1.1877 - 1.1967* // ...

Set B : ... // 1.1808* - 1.1886 - 1.1963* // ...

OK SZ 12:33 GMT April 29, 2004 Reply   
Gep, your welcome, hopefully that helped you. gl,

Dallas GEP 12:33 GMT April 29, 2004 Reply   
THNAKS SZ!!!!

London ADK 12:32 GMT April 29, 2004 Reply   
Livingston nh 12:29 GMT - Agree on that one mate

OK SZ 12:31 GMT April 29, 2004 Reply   
sorry that should have read 4.2

Minnesota Mark 12:30 GMT April 29, 2004 Reply   
8:30 U.S. weekly jobless claims fall 18,000 to 338,000
8:30 U.S. Q1 GDP 4.2% annualized vs. 5% expected
8:30 U.S. Q1 PCE price index up 3.2%, core 2%
8:30 U.S. Q1 final sales 3.9%
8:30 U.S. 4-week avg jobless claims fall 1,250 to 346,500

OK SZ 12:30 GMT April 29, 2004 Reply   
gdp..4.5% not what expected

GENEVA FHR 12:30 GMT April 29, 2004 Reply   
GDP 4.2%

Dallas GEP 12:30 GMT April 29, 2004 Reply   
GDP 4.2 nott good

madrid jms 12:30 GMT April 29, 2004 Reply   
GDP 4.2%

LA ARTOFYEN 12:29 GMT April 29, 2004 Reply   
JK, that would be fine cuz he will take me to Lugars!!

Livingston nh 12:29 GMT April 29, 2004 Reply   
The GDP deflator and ECI will indicate level of inflation pressures - more important than headlines or employment right now

LA ARTOFYEN 12:28 GMT April 29, 2004 Reply   
ADK, let's just say it's all behind me now!

Tokyo Jon 12:28 GMT April 29, 2004 Reply   
can someone be kind enough to post the figures when they are released, I am without a data feed tonight, cheers

London ADK 12:27 GMT April 29, 2004 Reply   
Arty - to the promises or a orifice?

nyc jk 12:27 GMT April 29, 2004 Reply   
hey Arty, if that was a real account instead of a demo, don't forget the 85% monthly guarantee, I am sure he would refund your 35k loss and throw in another 42k all out of his own pocket to meet the guarantee!!!

OK SZ 12:25 GMT April 29, 2004 Reply   
also remember the past 2 numbers that came out this week..all were excellent and the $ still sold off..so I do not trust this number..I expect the same thing a sell off and then hopefull a resumption to the downside..jmvho

LA ARTOFYEN 12:19 GMT April 29, 2004 Reply   
Well...........sign me up! Hold on whilst I apply some snake oil to the dry promises.

OK SZ 12:18 GMT April 29, 2004 Reply   
Gep, check the help forum

Dallas GEP 12:18 GMT April 29, 2004 Reply   
Currently we are seeing some closing out of dollar bullish positions prior to data release. I would NOT ASSUME anything from current price action because of this

Dallas GEP 12:10 GMT April 29, 2004 Reply   
Thnaks JON. based on that I might have to rethink my short!!!

Dallas GEP 12:09 GMT April 29, 2004 Reply   
Eur/GBP at key level. Breaks here and we could see .6750

Tokyo Jon 12:09 GMT April 29, 2004 Reply   
dallas gep, yes it does account for data releases to a degree. As the scenario that was represented, was set low first, then swing back to set the high with a downward close. now if we reach 1.1860 before the dat release, would it not be possible to see low 1.1800 and climb back up during the US session.

Chicago - Illinois Davidson 12:05 GMT April 29, 2004 Reply   
About the FX Break Alerts of www.fxdaytrade.com:
If you have experience on it, please contact me

[email protected]

OK SZ 12:03 GMT April 29, 2004 Reply   
sure

Dallas GEP 12:02 GMT April 29, 2004 Reply   
YES SZ and then it will be too late to take possies!!!. SZ I have question to ask you non fx related, can you go to help forum for a second???

OK SZ 11:59 GMT April 29, 2004 Reply   
well as usual I think a minute or 2 before the numbers are announced will give the clue as the immediate direction..gl,gt

Dallas GEP 11:56 GMT April 29, 2004 Reply   
RAZVAN, on some platforms it is DELIBERATE!!!!

Dallas GEP 11:55 GMT April 29, 2004 Reply   
Very happy to see you Jon!!! How does your system account for things like this data release???? IF GDP is very good, I could see 60-80 pip swing DOWN

Bucharest Razvan 11:54 GMT April 29, 2004 Reply   
GEP, that's true, but (and forgive my naiveté) I always thought it was a technical issue, not a deliberate sabotage.. :)

Newcastle GH 11:54 GMT April 29, 2004 Reply   
Dallas GEP, I was curious. I do a lot of these breakout or straddle type of trades. I have my methods for them. They are good percentage winners! I agree you must get around the platforms.

Chicago - Illinois Davidson 11:54 GMT April 29, 2004 Reply   
I've found a site with free Fx Break Alerts. They seemed to me extraordinary accurate.
Did anybody try it?

The address is www.fxdaytrade.com

Tokyo Jon 11:52 GMT April 29, 2004 Reply   
Hello dallas gep. looking to buy eurusd, My system has calculated that the daily low is being set at 1.1806 and that upward momentumn will start up soon heading back towards 1.1900 and a daily close around 1.1864.

but wont rule out a sell if under 1.1800 as a few stops should be looming around 1.1750

Saihat 11:52 GMT April 29, 2004 Reply   
STOP 100...LIMIT 300 pips

sell usdjpy

sell usdcad

buy gbpchf

sel euraud

Dallas GEP 11:51 GMT April 29, 2004 Reply   
GH It depends Platform operators many times will lock down the board so that you can't enter or change stops or limits when data is announced and the pricing action gets intense. In THIS case I would probably put a limit @ 1.1740.

ham cla 11:47 GMT April 29, 2004 Reply   
EUR/CHF: big swiss name is selling good amt at 1.5450

Newcastle GH 11:45 GMT April 29, 2004 Reply   
Dallas GEP, Do you put a limit order for profit with those types of order?

GER ad 11:45 GMT April 29, 2004 Reply   
Cable,
Out at 1.7606 will re-enter at the same rate (1.7586) if seen again.

Dallas GEP 11:37 GMT April 29, 2004 Reply   
Thanks guys. Considering a good size short ORDER @ 1.1790 if it DOESN"T break below 1.18 prior to GDP with @ stop @ 1.1820.

Have usd/cad lon from 1.3760 and eur/aud short from 1.6560 from earlier.

GVI john 11:35 GMT April 29, 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/$ 1.1810…$/yen 110.70
DJIA -27 pts… 10-yr 4.51%, +2 bp
PERSONAL OPINIONS:
For a broad range of opening levels click on GVI’s “Market Tracker”:
CLICK HERE
Just when everyone was saying that the forex markets lacked a focus, China stepped forward to fill the void after Premier Wen in a press interview aid that China must take forceful action to curb economic growth to contain the risk of inflation. Authorities feel that a 7% growth target is suitable to absorb labor and promote economic development. GDP in China advanced at 9.1% in 2003 and grew by 9.7% p.a. in 1Q04. Word that Chinese growth could slow has hit the commodity currencies (AUD, CAD and NZD) plus the yen has been hurt because it is a major supplier to China.

It is interesting to note that for all the complaints about China causing price deflation that the markets now are seeing it as a major consumer and an engine of growth and commodity price inflation. You can’t have it both ways. What is fascinating is how quickly China has become an integral part of the global trading and production community. Odds are that the market’s reaction to these developments is way out of proportion to what is going to happen. If Chinese growth cools to 7%, the global economy is not going to collapse.

Curiously, the dollar has been gaining. To a certain extent the U.S. relies significantly on commodity exports (mainly food) as well. U.S. Treasury prices have been hit hard along with equities, perhaps due to worries about reduced Asian Central bank buying. Our hunch is that prices at the short end of the curve are very cheap and won’t stay down here for long. The 2.35% yield on the two year today is a bargain and Eurodollars out to November are likely undervalued.

The April monthly Survey by Nationwide in the U.K. indicated that housing prices grew by +2.1% m/m and 18.9% y/y. Also the Gfk sentiment survey improved slightly to-2 from -3. Odds are that a 25bp rate hike by the BOE next Thursday is assured. Sterling has been tossed in with the “high yielders” today and has been sold. A steady ECB policy is certain next Thursday. The euro is holding thanks primarily to cross offset.

Japan was closed Thursday for Greenery Day, markets reopen Friday and then will be closed for the first three days of next week for the Golden Days holiday. The Nikkei was closed, but Asian equity markets were open and fell on the China news. The Reserve Bank of New Zealand raised its cash rate by 25bp to 5.50%. The Reserve Bank of Australia is likely to hold its cash rates steady at 5.25% next Tuesday.


Today sees Weekly Jobless Claims at 12:30 GMT. They are seen at a 340,000 level after 353,000 in the previous week. Jobless Claims at this level are consistent with monthly employment figures on the order of 150,000-200,000 per month. 1Q04 GDP is seen at 5.0% p.a., vs. +4.1% p.a. in 4Q03. The street is widely expecting real annualized growth of 5% in the quarter (or higher), so there is ample room for disappointment on the report. The problem with the headline GDP figure is that inventory swings can have a major impact on the result. Rising inventories will boost GDP, but they might then have to be worked off, while falling inventories will depress GDP, but they might have to be restocked. Also the net export figure must include an estimate for March since that figure is not out yet. We watch the Real Final Sales subcomponent, as it is a cleaner measure of the strength of the economy. Estimates are for a rise of +4.2% after +3.6% in 4Q03. The Employment cost index is seen rising by 1.0% after +0.7% in 4Q03.
CALENDAR
THURSDAY APRIL 29, 2004
12:30 GMT- CDA- April Industrial Product Prices
12:30 GMT- CDA- April Business Conditions Survey
12:30 GMT- US- Weekly Jobless Claims
12:30 GMT- US- 1Q04 GDP: vs. +4.1% in 4Q03, see +5.0%
14:00 GMT- US- 1Q04 Employment Cost Index: vs. +0.7% in 4Q03, see +1.0%

FRIDAY, APRIL 30, 2004
23:50 GMT- April Tokyo CPI, vs. -0.1 y/y
23:50 GMT- March Unemployment Rate, vs. 5.0%
06:45 GMT- FRA- Mar Unemployment Rate: vs. 9.8% in Feb
09:00 GMT- EUR- Apr preliminary CPI: vs. +1.7% y/y in Mar
09:00 GMT- EUR- Apr Business Sentiment: vs. -7 in Mar
09:00 GMT- EUR- Apr Consumer Sentiment: vs. -14 in Mar
12:30 GMT- CDA- March GDP, vs. -0.1%
12:30 GMT- US- Mar Personal Income: vs. +0.4% in Feb, see +0.3%
12:30 GMT- US- Mar Personal Consumption Expenditures: vs. +0.2% in Feb, see +0.6%
13:45 GMT- US- Apr University of Michigan Consumer Sentiment: vs. 93.2 in early Apr, see 94.0
14:00 GMT- US- Apr Chicago PMI: vs. 57.6 in Mar, see 59.0

SA Newbie 11:35 GMT April 29, 2004 Reply   
DALLAS GEP 12h30 GMT

nyc jk 11:33 GMT April 29, 2004 Reply   
that's correct re GDP

Bucharest Razvan 11:32 GMT April 29, 2004 Reply   
12:30 gmt if i recall correctly.. get a second opinion though.. :)

Dallas GEP 11:29 GMT April 29, 2004 Reply   
Guys global calendar is DOWn WHEN is GDP out today GMT time???

Athens 11:24 GMT April 29, 2004 Reply   
GER ad, good luck to you and everyone here.

Athens 11:17 GMT April 29, 2004 Reply   
nyc sa, it might bounceoff these levels but I m not buying it here (not starting a short either).

GER ad 11:16 GMT April 29, 2004 Reply   
Athens 11:12,
You right, but I want just 1 fig back...

uk bob 11:16 GMT April 29, 2004 Reply   
finally got my 1.7620 filled after waiting a week. every pip down here are as good as money in uncle bob's bank.

nyc sa 11:14 GMT April 29, 2004 Reply   
Hi Athens , is cablle a buy for 100 pips or one shouldn't catch a falling knife ?

Athens 11:12 GMT April 29, 2004 Reply   
If four big figures down from Wesnesday is not a collapse then what is?

B.A. BOCA 11:08 GMT April 29, 2004 Reply   
good day all... for today, could see decent GDP, but bad jobs data, making for a wild swing- trade carefully
GL

GER ad 11:07 GMT April 29, 2004 Reply   
Cabel collapsing?
Long Cabel at 1.7586 S/L under Athens support T/P 1.77+

Athens 11:01 GMT April 29, 2004 Reply   
Not at all surprised to see cable collapsing. Next moderate support 1.7550, O/B area starting around 1.7490, channel lower line currently at 1.7320.

Brisbane 10:32 GMT April 29, 2004 Reply   
The German Industrial Federation (BDI) urged the central bank to cuts rates by a half-point. BDI Chief, Rogowski, pointed out that 2004 growth was unlikely to exceed 1.5%, on average this year. This view follows on from six-leading economic institutions that lowered their forecast to 1.5% from 1.7%.
ifr

Athens 10:25 GMT April 29, 2004 Reply   
From Wednesday on GVI and still valid:

Athens 17:21 GMT April 28, 2004
Arty, trade fast contras if you find it on Thursday at 110.60-90 (don't hold such positions too long). Either you will make a profit or at least get your money back if higher

Plovdiv Gotin 10:24 GMT April 29, 2004 Reply   
1.7490/30

Gibraltar PW 10:16 GMT April 29, 2004 Reply   
cable 1.7520/1.7500

London BM 09:57 GMT April 29, 2004 Reply   
daily target on cable?

Nottingham 09:53 GMT April 29, 2004 Reply   
slv sam 09:46 GMT

plenty of selling interest between here and 1850...expectation is that pair will be capped by this until 12:30GMT, when it will then very much depend on numbers...gl gt

ICT ML 09:49 GMT April 29, 2004 Reply   
thanks sez....explains the bounce maybe

IST Sez 09:47 GMT April 29, 2004 Reply   
UK CC -2 vs-3

slv sam 09:46 GMT April 29, 2004 Reply   
IF i see 1.1880 i am going to short euro big time.GT

ICT ML 09:42 GMT April 29, 2004 Reply   
anyone see UK CC numbers yet?

Gen dk 09:34 GMT April 29, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

ham cla 09:06 GMT April 29, 2004 Reply   
pleasure Q

Melbourne Qindex 09:02 GMT April 29, 2004 Reply   
ham cla 09:01 GMT - Nice to know, thank you for your information.

ham cla 09:01 GMT April 29, 2004 Reply   
ny investment bank sold cable from 1.7665 down to 45

KNOXVILLE TN. Dan-k 09:01 GMT April 29, 2004 Reply   
yes and what about the usd jpy for a short up here?

HOUSTON KEN 08:52 GMT April 29, 2004 Reply   
i think euro yen is ripe to short. anybody has an opinion?

Brisbane L 08:42 GMT April 29, 2004 Reply   
ANALYSIS-China, NZ throw shadow over Australian dollar

Melbourne Qindex 08:36 GMT April 29, 2004 Reply   
EUR/GBP : Is it want to go to 0.6724 again?

Melbourne Qindex 08:34 GMT April 29, 2004 Reply   
hk ab nzd 0.65 08:31 GMT - USD/JPY : It is possible to see 109.87.

hk ab nzd 0.65 08:31 GMT April 29, 2004 Reply   
Qindex, I have accumulated some shorts at diff. levels. but it is going to my last level of entry soon.

KNOXVILLE TN. Dan-k 08:27 GMT April 29, 2004 Reply   
would that be because of a uk clearer selling at that price level - usd jpy ?

hong kong nt 08:24 GMT April 29, 2004 Reply   
USD/JPY -- 110.7 may mark the high for today...

Melbourne Qindex 08:19 GMT April 29, 2004 Reply   
hk ab nzd 0.65 08:12 GMT - You will be surprised!

ham cla 08:18 GMT April 29, 2004 Reply   
USD/JPY: uk clearer sells it down from 110.67 to current lvls

KNOXVILLE TN. Dan-k 08:15 GMT April 29, 2004 Reply   
k, thought so

hk ab nzd 0.65 08:12 GMT April 29, 2004 Reply   
oops, sorry, typo 111

ham cla 08:09 GMT April 29, 2004 Reply   
good mng, rumour of a decent 1.7500 cable one-touch option
expireing on friday.

KNOXVILLE TN. Dan-k 08:07 GMT April 29, 2004 Reply   
next yen 110 you mean short it ? hummm

Nottingham 08:06 GMT April 29, 2004 Reply   
HKG SK 08:00 GMT

normally, but not always, the euro will hit my o/s levels prior to a decent reversal which can be counted on in terms of at least a week...last time euro hit o/s was back in March...today we would need to see levels nearer 1.16 for o/s to be hit...I agree with you that there are far too many bullish, but that said, I only operate extreme ranges so it means me staying flat...in any case, as US GDP release approaches, I don't think it's wise to try to call it ahead of time as I believe it will be capable of adding to, or knocking off, 3/4 of a figure in terms of euro only moments after the release with good followthru after that...gl gt

KNOXVILLE TN. Dan-k 08:06 GMT April 29, 2004 Reply   
usd jpy running any opnions from here?

hk ab nzd 0.65 08:03 GMT April 29, 2004 Reply   
Hm... next yen 110

Nottingham 08:00 GMT April 29, 2004 Reply   
some cad levels 1.3701 1.3680 1.3660...any lower than 1.3650 and risk increases for full reversal...US GDP clouds the issue today and best to assume that it has ability to change all that when before it in terms of today's trend...gl gt

HKG SK 08:00 GMT April 29, 2004 Reply   
Everyone seem to think 1.18 is a good place to buy Euro. There seem to be a lot of bullishness on the Euro at this price.Please beware because we might see a breakdown of the Euro to 1.1680 if this price is seen lot of the bulls will throw in the towel and become trap.

clon glenn 07:58 GMT April 29, 2004 Reply   

Singapore Trader....1.7654 on my platform

hk ab nzd 0.65 07:55 GMT April 29, 2004 Reply   
truth will be seen in london in 5 mins...

Melbourne Qindex 07:55 GMT April 29, 2004 Reply   
Melbourne Qindex 07:54 GMT April 29, 2004
EUR/USD : A projected supporting barrier has been established at 1.1808 - 1.1813 and a projected barrier is located at 1.1880 - 1.1886. The odds are in favour of taking long position at this moment. The market is likely to trade between 1.1808 - 1.1886 for the time being.

hk ab nzd 0.65 07:54 GMT April 29, 2004 Reply   
dlr/chf is the last to blast?

after dlr/jpy.......

Singapore Trader 07:54 GMT April 29, 2004 Reply   
Hi Guys, whats the lo in GBP. I have a stop at 1.7655 triggered.

saloniko 2004 nk 07:53 GMT April 29, 2004 Reply   
Good Morning..

Second BUY Euro/usd and SELL Usd/Cad..


Have a nice day..!

nk

Ina mr.co'z 07:53 GMT April 29, 2004 Reply   
SBY GINTA 06:55 GMT April 29, 2004

hi !...still there ?

hk ab nzd 0.65 07:50 GMT April 29, 2004 Reply   
Oilman, first dive, first reverse right?

what r u looking for this dlr/cad short day trade? TIA.

Melbourne Qindex 07:49 GMT April 29, 2004 Reply   
Melbourne Qindex 07:48 GMT April 29, 2004
EUR/USD : Daily Cycle Quantized Levels

... 1.1759 - 1.1784 // 1.1808 - 1.1832 - 1.1856 - 1.1880 - 1.1904 // 1.1928 ...

Nottingham 07:36 GMT April 29, 2004 Reply   
beijing road 07:25 GMT

cable euro and swissy are all a couple of figures away as things stand...however aussie primary at 7165 today secondary 7116...for usdcad you are looking at 1.3850 conventionally, which normally is enough...gl gt

Brisbane L 07:35 GMT April 29, 2004 Reply   
China Central Bank Official says Imminent Rate Hike Unlikely

UAE Oil man 07:26 GMT April 29, 2004 Reply   
Sold $CAD 1.3720 s/l 60

beijing road 07:25 GMT April 29, 2004 Reply   
Nottingham : any o/s & o/b level for today plz? Thanks.

Melbourne Qindex 07:20 GMT April 29, 2004 Reply   
EUR/USD : The odds are in favour of taking long today.

sgp sp 07:16 GMT April 29, 2004 Reply   
thanks ab. :)

hk ab nzd 0.65 07:12 GMT April 29, 2004 Reply   
sp, may try chf/jpy short here if u are interested
tight s/l (30 pips)

MONACO OGA 07:09 GMT April 29, 2004 Reply   
FX UPDATE 29/04
Good morning,

***EUR***
EUR/USD (currently 1,1815), 75 pips lower than Wednesday's opening. The US currency stopped depreciating on growing geopolitical worries. It regained strenght after the chinese authorities declared they were considering measures to fight inflation and control chinese economic growth. The USD gained ground especially against commodity currencies (AUD, CAD, ZAR). Critical support zone 1,1750-1,18 is in view today ahead of US PIB for Q1, while resistance should appear around 1,1880. We still believe 1,1650 will be very hard to break. Overall we are still neutral on the medium term.

Data out today:
EURozone M3 Feb expected 6,4% 08.00 GMT
GER IFO business climate survey 12.00 GMT
US GDP Q1 expected 5,0% 12.30 GMT
US initial jobless claims expected 343K 12.30 GMT


Gold sharply down at 383.00, with WTI June at 37.20

***JPY***
USD/JPY (currently 110,40) sharply appreciating against asian currencies on the back of chinese declarations and a lack of liquidity implied by the golden week. 110 psychological level was taken overnight on heavy buy orders and stop losses. Support at 109,80 and 109,30. Next target on the upside around 111.
EUR/JPY (currently 130,20) still hovering inside 128,50-130,50.

***GBP***
Cable (currently 1,7670) sharply lower (almost 300 pips in 24 hours) and looking to retest recent lows at 1,7640. If later level breaks, then door is opened for 1,74 medium term.
EUR/GBP (0,6685) reflecting GBP recent weakness, but still inside its trading range. We'll play the range and remain neutral on the cross as long as 0,6610 or 0,6750 have not been printed.
Have a nice day,

Olivier

Melbourne Qindex 07:04 GMT April 29, 2004 Reply   
EUR/USD : My monthly cycle charts suggest that the market is going to trade between 1.1787 - 1.1967 within the remaining period of this month.


Set A : ... // 1.1787* - 1.1877 - 1.1967* // ...

Set B : ... // 1.1808* - 1.1886 - 1.1963* // ...

Brisbane L 06:59 GMT April 29, 2004 Reply   
AUD unlikely achieve sustained rally without turnaround in base, precious metals Key tonight U.S. GDP if strong AUD is said to be going to struggle

Zaporozhye, UA Nemo 06:58 GMT April 29, 2004 Reply   
The EUR/USD opened in Asia around 1.1845 and immediately came under pressure as the USD rallied across the board. The EUR/USD ran down 1.1810 before talk of an Asian central bank bidding at that level and this was followed by U.S. model fund buying. The buying kept stops 1.1810 safe for the time being, but rallies were limited to 1.1840 where sellers camped throughout the session Sentiment towards the EUR/USD has turned bearish again. The sharp fall in the gold price has supported the USD and the market is reluctant to buy EUR/ ahead of the U.S. GDP release later today. A strong GDP would intensify market"s focus back on the U.S. economy and the prospect of higher U.S. rates.
This would underpin USD sentiment again after the buck made some healthy corrections earlier this week when ECB easing expectations were snuffed out by the stronger than expected German IFO. EUR/USD bids are layered between
1.1760/80, but a break of 1.1750 could see the start of a run towards the 61.8 fibo of the 1.0765/1.2930 move at [email protected]

Melbourne Qindex 06:58 GMT April 29, 2004 Reply   
Melbourne Qindex 02:36 GMT April 24, 2004
EUR/USD : My current 5-day cycle charts suggest that the odds are in favour of taking long position as long as the market is trading above 1.1765. It is better to assume a range between 1.1778 - 1.1985 for early next week.


... 1.1468* ... 1.1675* // 1.1778* - 1.1830 - 1.1882* - 1.1934 - 1.1985 // ... 1.2088 ... 1.2192 ...

Melbourne Qindex 01:53 GMT April 24, 2004
EUR/USD : My 5-day cycle reference (22/11) suggests that the market is under going a consolidation phase in the congested area. The congested area of my 5-cycle reference is projected at 1.1803 - 1.1977.


... // 1.1803* - 1.1847 - 1.1890* - 1.1934 - 1.1977* // ...

The key quantized level is located at 1.1890. My preferred trading strategy is still buy on dips in the range of 1.1803 - 1.1847 and sell on rallies at 1.1934 - 1.1977.



Melbourne Qindex 01:31 GMT April 26, 2004
Melbourne Qindex 01:02 GMT April 26, 2004
EUR/USD : the current expected trading ranges of my 44-day cycle is now shifted to the following :-


... 1.1588* ... // 1.1763 - 1.1850 - 1.1937 // ... 1.2286* ...



SBY GINTA 06:56 GMT April 29, 2004 Reply   
Tina, how r u? Malang OK?

SBY GINTA 06:55 GMT April 29, 2004 Reply   
Mr. Co'z, r u there? please give me any comments about GBP today.

UAE Oil man 06:52 GMT April 29, 2004 Reply   
Placed stops at entry on those new euro$ shorts, and with a little bit of luck it breaks.

hk ab nzd 0.65 06:51 GMT April 29, 2004 Reply   
Revdax, what a delayed Macau effect.

HOUSTON KEN 06:45 GMT April 29, 2004 Reply   
am i looking at euros bottom? anybody
i dont want to go bottom fishing i dont want no smelly hands

Brisbane tata 06:44 GMT April 29, 2004 Reply   
Belgrade Knez pozdrav from Brisbane.
Sorry for this folk.
Alex

hk ab nzd 0.65 06:44 GMT April 29, 2004 Reply   
aud/jpy at great risk.....

hk ab nzd 0.65 06:43 GMT April 29, 2004 Reply   
oilman and farmacia, needs some help on the chf this week target. THANKS!

I am thinking about 1.3333....

hkg fei 06:41 GMT April 29, 2004 Reply   
buy cable, let it fly up :)

Belgrade Knez 06:34 GMT April 29, 2004 Reply   

sgp sp 06:29 GMT April 29, 2004

just want it to say that we are back on chat, so you can come back too.

UAE Oil man 06:32 GMT April 29, 2004 Reply   
Added euro$ shorts 1.1821 s/l on those 55.

sgp sp 06:29 GMT April 29, 2004 Reply   
yes?

slv sam 06:28 GMT April 29, 2004 Reply   
I am willing to catch a falling knife if i see GBP$ at 1.72 level!!GT

Belgrade Knez 06:21 GMT April 29, 2004 Reply   

sgp sp

You here?

UAE Oil man 06:17 GMT April 29, 2004 Reply   
Out GBP$ , -25 ..Yes falling knives ...I said not to try this at home..
Yes fang, I am human, and thus i am flawed from the start..it's hard to go against human natural borne sense (of looking for nice rounded bottoms :) ..)..but then Contra-trades should be at a minimum risk.

hong kong fang 06:08 GMT April 29, 2004 Reply   
you are still bottom picking against the trend.

UAE Oil man 06:08 GMT April 29, 2004 Reply   
Out GBPJPY from yersterday,194.46 here at 195.00..

UAE Oil man 06:01 GMT April 29, 2004 Reply   
Day trade fang...Hourly signal..not looking for a major trend reversal as all the other time-frames indicate to short.

Ldn Hat 05:59 GMT April 29, 2004 Reply   
Still holding my short yesterday at 1.7930 and shorted more at 1.7695 target 1.7550 at least IMHO thanks.

hong kong fang 05:50 GMT April 29, 2004 Reply   
UAE you wish to catch the EUR/CHF falling knife?

KNOXVILLE TN. Dan-k 05:43 GMT April 29, 2004 Reply   
is the aud wanting to bounce up or is this a fake

melbourne farmacia 05:42 GMT April 29, 2004 Reply   
ab - sorry meaning Aud/Usd not targeting 0.7305, that being the first target from 0.7692 drop, 2nd target 0.7067 at some stage. GT

UAE Oil man 05:41 GMT April 29, 2004 Reply   
And i longed some GBP$ 1.7695 but that's not something you should do at home..(sl 1.7670)

UAE Oil man 05:38 GMT April 29, 2004 Reply   
Longed 2.3125 GBPCHF s/ 3050
Long EUROCHF 1.5460 s/l 20

hk ab nzd 0.65 05:34 GMT April 29, 2004 Reply   
bc// is idlr/jpy still need to make one more dive towards 105 b4 m/t reversal enroute to 120?

Saihat 05:33 GMT April 29, 2004 Reply   
...catching falling knifes ......

i would handle it by stop loss

hk ab nzd 0.65 05:31 GMT April 29, 2004 Reply   
If momentum is not enough, try 1.1680 short.

hk ab nzd 0.65 05:30 GMT April 29, 2004 Reply   
t/p 1.15.

hk ab nzd 0.65 05:30 GMT April 29, 2004 Reply   
sp, trade for this / next week on aud/nzd
short at 1.1690 s/l 1.1738.

hk ab nzd 0.65 05:29 GMT April 29, 2004 Reply   
farmacia, gold is too weak to give aud some lives.

hk ab nzd 0.65 05:29 GMT April 29, 2004 Reply   
farmacia, thanks.

UAE Oil man 05:27 GMT April 29, 2004 Reply   
One has to remember that most yen pairs have been very gentle this last few years and yen can/used to continue in a certain direction ...quite relentlessly and exhaustively..more or less straight arrows was not uncommon..

break of 111=>113.50=>114.70 then well hmm 120..watch falling knifes..
I might be wrong this time however catching falling knifes will not serve you.

melbourne farmacia 05:21 GMT April 29, 2004 Reply   
ab - fibo projection / rebound on AUD/USD - 0.8003 - 0.7250 -0.7692 = 0.7305 & 0.7067.

Vilnius george 05:16 GMT April 29, 2004 Reply   
I'm testing some strategy , on demo account. and broker every day at 23:59 (20:59 GMT) close my all positions ,
Any ideas?
I allready write for technical support.

hk ab nzd 0.65 05:08 GMT April 29, 2004 Reply   
fwiw, .7171 is the .5 fib of aud uprun from .633x to .8003

hk ab nzd 0.65 05:01 GMT April 29, 2004 Reply   
Oilman, catch it! THANKS!

Montréal Taro 04:59 GMT April 29, 2004 Reply   
When the rate decision on BOE andECB will be announce ?

Van jv 04:56 GMT April 29, 2004 Reply   
Shanghai bc///Good morning......Re..“This panic rush to Dollar from all kinds of debt ridden bubble assets may keep Dollar floated for another few months lifting it above Usd/Chf 1.35 at least……”
Seems to me that anything below 120 may not be such a good value if we can get usd over 1.35 in not so distant future…I am not so optimistic on USD short term./like often I am probably wrong/ …note IMF…I do not favor them, but they know lot from US sources…, of course..…just very recently…….IMF: “Further drop of USD needed in MT“……If we go bellow 1.17 , hope not without a “more”decent bounce ………….Dollar may find it more difficult to attract fresh buying interest as rate hikes are now priced in. ………..The dollar fundamentals remain fragile and do not expect any sustainable economic recovery. Just today we read about W. Buffet sitting on billions…..

Montréal Taro 04:53 GMT April 29, 2004 Reply   
Columbus Kevin 04:08 GMT
Send me an email on hotmail
My username is ttaro27

UAE Oil man 04:52 GMT April 29, 2004 Reply   
1.42 Ab.

Melbourne Qindex 04:51 GMT April 29, 2004 Reply   
USD/CAD : Current Comment.  Register with [email protected] if you have no access to my page.

KNOXVILLE TN. Dan-k 04:43 GMT April 29, 2004 Reply   
what time is rate decesion coming out?

KNOXVILLE TN. Dan-k 04:40 GMT April 29, 2004 Reply   
what time? gmt

HKG SK 04:34 GMT April 29, 2004 Reply   
**Market Is Waiting**

1. Rate decision from BOE and ECB.

2. GDP figure from the US.

ECB might suprise the market by cutting rate today and BOE might suprise by not increasing rate. If this happen Euro will go all the way down to 1.15-1.16 area and GBP wll go to 1.73-1.74 today with a good set of GDP from US. Be Careful.

hk ab nzd 0.65 04:32 GMT April 29, 2004 Reply   
fxtrader

oilman// could u remind us the near term target for dlr/cad b4 a larger reversal? THANKS MILLION.

sgp sp 04:31 GMT April 29, 2004 Reply   
good afternoon ab, which one? I am in both but cannot see u.......waiting for aud/nzd...:)

UAE Oil man 04:26 GMT April 29, 2004 Reply   
Morning..

Catching falling knifes often results in bleeding hands, it is not feasable to catch the handle of a knife while it s going down by it's handle..

Go with the trend.

hk ab nzd 0.65 04:15 GMT April 29, 2004 Reply   
nt, sp I am in the chat

Columbus kevin 04:08 GMT April 29, 2004 Reply   
I am a beginning FX trader. Anyone have an opinion on Market Traders Institute, I was thinking of taking their course and buying their software. THanks.

Saihat 03:45 GMT April 29, 2004 Reply   
may works..may not

sell usdjpy 110.30....stop 110.55

buy eur 118.15....stop 118.00

sell usdchf 1.3095....stop 1.3110

buy aud usd 7180....stop 7160

sell usdcad 1.3755...stop 1.3780

nyc jk 03:42 GMT April 29, 2004 Reply   
amc - those are 2 of the largest FX banks so it sure could be. you want to get my email from Jay and we can talk there tom rather than tie up the forum space for everyone else on this?
za - thanks, I am off for night, have a good one.

Stockholm za 03:31 GMT April 29, 2004 Reply   
My friend......
The market is a living organism….
And works in the same way as every other…
When you go to the supermarket to buy food, cloths etc, it’s all about price..
What you will buy where, when and how….
(poor-man) + (rich-man ) = time & opp
Happy trades & good-bye………..

ny amc 03:24 GMT April 29, 2004 Reply   
nyc.jk............i grew up on li on the east end...regarding positioning, i have friends at morgan and deutsche bank, could that be helpful ?

nyc jk 03:15 GMT April 29, 2004 Reply   
za - thanks, agreed on that last part. do you do modelling work with sentiment indices yourself?

Stockholm za 03:12 GMT April 29, 2004 Reply   
nyc jk 02:50… That is why it will be more rewarding to create an Index for every currency that you trade, imbedded in one cross reference for sentiment shift…. It never lies….and will always trigger when the BIG guys enter the market ..
Remember trading with 100000*xx yards that is not yours is much easier than with 1 yard..
Happy trades to you ….

Miami OMIL (/;-> 02:57 GMT April 29, 2004 Reply   
Ok now back to the forex topics. On the eur/usd a bounce from the 1.1800-10 looks to be in order if it holds up for now as the traders jockey for position for the ringing of the bell (GDP data) later on today. I have a possible bounce from here to 1.1860-65, 1.1880-85 and 1.1895-1900. The resistance is around 1.1855-60 and 1.1880-90 for the moment IMHO. GL GT

nyc jk 02:52 GMT April 29, 2004 Reply   
the CFTC data by the way you can get at cftc.gov, look under the Commitment of Traders section (COT).

nyc jk 02:50 GMT April 29, 2004 Reply   
amc - cheers for your earlier post by the way, you grew up on LI or you just live there now? re positioning, the CFTC reports regularly on the futures positioning. in terms of the spot or options market positioning, which is much larger, there is no central source. if you have FX contacts at banks or brokerage firms, you can get some indication as to what their customers are doing (ie funds, prop traders, corporates, etc) and what they are hearing of the positioning of market makers etc. you are wise to inquire as this could be very valuable info, but unfortunately there is no one place to go to get this info.

Stockholm za 02:43 GMT April 29, 2004 Reply   
well-well

Bate - Hook - line & sinker....

ny amc 02:42 GMT April 29, 2004 Reply   
nyc..jk...........in one of your earlier posts you spoke of CFTC market positioning data and other market positioning data , i was wondering where someone could find that info out. i think knowing stuff like that could be helpful. thanks

Gold Coast martin 02:38 GMT April 29, 2004 Reply   
NYC..jk...I am sorry if it sounds like coded messages that need to be deciphered......i cannot be more specific than that..but just keep following my posts and they will give you a guide...what counts i guess is the end result...good trades friend...

nyc jk 02:32 GMT April 29, 2004 Reply   
martin, I must admit I don't totally understand, but thanks for your reply and good luck to you.

melbourne farmacia 02:30 GMT April 29, 2004 Reply   
KNOXVILLE TN. Dan-k 02:02 GMT April 29, 2004
USD/JPY - Daily channel top @ 110.40/50, Assume selling pressure.

OK SZ 02:27 GMT April 29, 2004 Reply   
This evening I have a euro pivot at 1.1830 which it has bounced off a couple times already..if we break it we should see a test of 1.1853/1.1870

shanghai bc 02:26 GMT April 29, 2004 Reply   

ML 00:50 -- Good morning..I guess I warned of PM and base metal market mania and possible big correction in this forum one week before the top of Gold and silver were formed..In a big picture,US rate rise means China rate rise due to its peg..China in fact started rate rise a bit earlier with not much success of cracking down commodity mania..I guess its cb will finally make sure commodity mania is kept under control..So, base metals still have a long way to go before they find the floor in this down cycle..Gold is another story..This panic rush to Dollar from all kinds of debt ridden bubble assets may keep Dollar floated for another few months lifting it above Usd/Chf 1.35 at least..But then,the world is Dollar is no longer what it used to be..I am almost sure Dollar has not seen its low of the down cycle started in 2001 yet..Then,Gold is still a good buy on good dips when we are facing unprecedented finacial uncertainty ridden with trillions of fiat money debts being printed by all the cbs in the world..

SF MRZ 02:20 GMT April 29, 2004 Reply   
I'm out Eur/$ made enough pips for now, 9 pip-- out to dinner, workout, back U.S. Market.

Gold Coast martin 02:19 GMT April 29, 2004 Reply   
NY...JK...the data you have quoted is correct but i think it forms only a small part of the herd equation...without been too specific for obvious reasons lets just say that the daily,weekly and monthly forex figure transactions prior to execution from the big fish "help"....these transactions in the past 2 months have had a contrarian nature to the market....

LAX-LGB SNP 02:14 GMT April 29, 2004 Reply   
despite all this last minute chop-shop squaring, gbp$ is above 1.7645 also eur$ above 1.1785

this week's close will be interesting to set next month's expectations :-)

KNOXVILLE TN. Dan-k 02:09 GMT April 29, 2004 Reply   
TY, currently long small position ready to close with a few pips up, and gl gt to you

Rye, NY et 02:08 GMT April 29, 2004 Reply   
Gold hit a Five-and-a- half month low today (EDT).

LAX-LGB SNP 02:08 GMT April 29, 2004 Reply   
eurjpy just above y'day's 130.28-130.38 but well above last week's 129.53-128.33
anyone looking for 131.5x ++ ?

gbpjpy also above last week's 193.92-193.40 ... anyone looking for 197 ?

Gold Coast martin 02:06 GMT April 29, 2004 Reply   
KNOXVILLE..TN...best to leave this pair alone until after the us data of thursday and friday ...after the data this pair will settle into a predictable trend for at least 5 trading sessions....g/l g/t

nyc jk 02:03 GMT April 29, 2004 Reply   
ok thanks Martin. how do you define what "the herd " is doing? I didn't get the impression the AUD market was all that long. for example, if you look at the CFTC positioning data from last friday, net speculative positioning had been reduced to 3246 contracts long. so while you could say the specs were net long, if you put the data in historical context, this is about the same size net long positioning as say last September which was right before AUD embarked on a major rally, which the specs were long AUD all the way through. I acknowledge the CFTC data is not the only measure of market positioning, but it is generally fairly indicative of the broader market. I am curious as to how you quantify when it is time to bet against "the herd"? tia

KNOXVILLE TN. Dan-k 02:02 GMT April 29, 2004 Reply   
any opnions on the usd jpy for today?

Gold Coast martin 01:51 GMT April 29, 2004 Reply   
NYC..jk..it is simply a term i use to formulate my position...When the aud was at 75 range some weeks ago the majority of the herd were parking their money in positions that were hoping to push the aud beyond 75 and into the 78 range...big fish money however sensing this ,started parking their money the other way trying to drag the aud below 75...i dont have to tell you who won this tug of war...g/l g/t

nyc jk 01:43 GMT April 29, 2004 Reply   
Martin - nice call on the AUD. what do you mean by it was an example of contrarian herd trading?

Gen dk 01:37 GMT April 29, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

SF MRZ 01:23 GMT April 29, 2004 Reply   
waiting to unload too on short Eur/$. made on 1 pip on Eur/$ long, had to cut and reverse.

Melbourne Qindex 01:23 GMT April 29, 2004 Reply   
USD/JPY : Current Comment.  Register with [email protected] if you have no access to my page.

saratoga sam 01:23 GMT April 29, 2004 Reply   
Very similar to a "wedgee"..Remember you high school locker days, when your buddies hung you by your underwear and your superman speedos got "squeezed" between your cheeks! ouch.....

hk vforex 01:19 GMT April 29, 2004 Reply   
eur/usd face 1.1780-1.18, no easy to drop down

van Gecko 01:19 GMT April 29, 2004 Reply   
re gold, precious metals & commodity currencies..
before everyone get all excited & hopping on the over-crowded Bear_wagon to Herbieville..
Declining Volume & Open Interest from the early April peaks while the markets are in near term retreat does not make a m/t bear market..
in non-layman speaks, its like driving a car with a leaking gas tank.. the markets are running on thin air.. out of fuel.. out of gas..
a classic & proven market contrarian rule..


Brisbane L 01:18 GMT April 29, 2004 Reply   
Fibonacci support March low at 7257 now broken on AUD/USD possible now heading for weekly uptrend line, near 7075 maybe strong support, if it breaks the next major supp. is 6957. Elliot wave theory suggests likely ending point for this correction at 0.6942.
this is according to David Rogers who is technical analyst at Tolhurst Noall

KNOXVILLE TN. Dan-k 01:18 GMT April 29, 2004 Reply   
when people, institutions, are shorting or selling, a ccy, or stock and decide to get out by covering into a long position or closing their short position, you can get a sudden and violent market reaaction

Montréal Taro 01:14 GMT April 29, 2004 Reply   
Can somebody tell me what is a "short-squeeze" ?

Gold Coast martin 01:10 GMT April 29, 2004 Reply   
NYC..amc...by mechanicals i mean to take technical analysis into account when establishing any position...g/l g/t

shanghai bc 01:09 GMT April 29, 2004 Reply   

The world of forex and commodity markets and bond markets have been going through many significant changes for the last several years ..Commodity market movers are no longer the usual suspects the market has been used to..Same for the forex market most of the times..Same for the bond markets..Still it is the money that makes the world go around..Fwiw..

ICT ML 01:07 GMT April 29, 2004 Reply   
AG..well that would be a perfect MM (measured move) so yeah, possible. I still expect to be offered the chance to buy for long term at 1.7315-50 area soon......will I do it?....probably will give it one shot to take off from there...

ny amc 01:06 GMT April 29, 2004 Reply   
gold coast...............if you can explain mechanicals........thanks

CAIRO AG 01:03 GMT April 29, 2004 Reply   
ML// Hi... hope all is well with you.
Whats your target for the day on cable??? Is 1.7495 possible you think? Thanks

GL & GT

OK SZ 00:55 GMT April 29, 2004 Reply   
it's been a long day as you can see from my grammar..sorry

OK SZ 00:54 GMT April 29, 2004 Reply   
ML, well as soon as that chinese officail said that it did not take the markets to tumble...it should be interesting tomorrow for sure..maybe it will take a day or so to get things back on track..at this time I am not sure what to think..

Melbourne Qindex 00:52 GMT April 29, 2004 Reply   
AUD/USD : the following is still valid :-

Melbourne Qindex 09:26 GMT April 13, 2004
AUD/USD : Is the market heading towards 0.7160?

As shown in my 44-day cycle reference the market is pulling back to 0.7520. The market rhythm of my 44-day cycle reference is represented by 180 pips (0.01796). The distribution profile of my 44-day cycle probability chart indicates that the odds are good that the downward trending momentum is strong enough to penetrate through 0.7340. The next targets in the extreme trading range are 0.6801 and 0.6981.

... 0.6801* ... 0.6981* ... // 0.7160* - 0.7250 - 0.7340* - 0.7430 - 0.7520* - 0.7610 - 0.7699* // ...

ICT ML 00:50 GMT April 29, 2004 Reply   
SZ...I am wondering if the China anouncement to put the brakes on will change BC's view any at all, maybe more to a neutral or mildly bearish commodity ccy view....kind of threw a wrench into my "big picture" "global view" of things today

Gold Coast martin 00:48 GMT April 29, 2004 Reply   
NY..amc....it was just a simple example of contrarian Herd trading....mixed with mechanicals of course....

KNOXVILLE TN. Dan-k 00:46 GMT April 29, 2004 Reply   
well i have ideas,

but they are not alwayse right

OK SZ 00:46 GMT April 29, 2004 Reply   
knowing that BC has called for the usd/chf to 135 wonder if tomorrow we start in a big way towards there..

Melbourne Qindex 00:45 GMT April 29, 2004 Reply   
hk revdax 00:42 GMT - I will only post them in my page this morning.

ny amc 00:44 GMT April 29, 2004 Reply   
gold coast.........I must say what a really great call on aud/usd

OK SZ 00:43 GMT April 29, 2004 Reply   
ML, glad your back, the pound has been moving better than the euro so far..not sure what to expect this evening with the big day tomorrow..gl, gt

Gold Coast martin 00:43 GMT April 29, 2004 Reply   
BRISBANE L...now that the 7250 level has been breached 7150 should be a formality in the australian session as posted yesterday...when at 7150 level we should see a slight bounce to 7210-20,,after which it will resume its downward bias back to 7150 and looking further ahead to 70 level...major resistance at 70 level as it is the bench mark that japs used for their uridashi issuance deals...a break of this level could signal a drop to 6750 in the medium term....an important thing that i posted last night is to look for a bounce in gold to 391 level simultaneously as the aud bounces back to 7210...g/l g/t

hk revdax 00:42 GMT April 29, 2004 Reply   
Q//Any idea on $/JY today? TIA

ICT ML 00:39 GMT April 29, 2004 Reply   
well damnnn...just got my stuff back online and see levels that are a shock for Asia.whats up?

got to love it, had a guy tilling the yard up for a finish grade and sod, and he cut both the cable and phone lines....left me totally screwed!

Ga Lee 00:35 GMT April 29, 2004 Reply   
will do DTA...

OK SZ 00:33 GMT April 29, 2004 Reply   
yes short from 40..not sure how low we will go this evening...so will be ready to unload anytime..gl, gt

Melbourne Qindex 00:33 GMT April 29, 2004 Reply   
EUR/USD : Current Comment.  Register with [email protected] if you have no access to my page.

Brisbane L 00:33 GMT April 29, 2004 Reply   
GC Martin Good call for the last few weeks on Aud and sticking to your guns.

AUD/USD break below 0.7235 is sign AUD has entered new downleg bearish trend and test of 0.68/0.70. possible with more AUD weakness in coming days .analysts.

USA Biscuit Boy 00:30 GMT April 29, 2004 Reply   
SZ short from 1.1839 at the moment.

OK SZ 00:26 GMT April 29, 2004 Reply   
biscuit boy, you still holding your euro shorts?

USA Biscuit Boy 00:24 GMT April 29, 2004 Reply   
Hi guys just checked back in. RBNZ hiked rates!

Quito Ecuador Valdez 00:16 GMT April 29, 2004 Reply   
Tell you what Jay and John, that new page suite about analization is the best thing since sliced bread. It sure helps everyone and should take a lot of generic and often repeated questions such as "What are your views on EUR/USD?" etc. off the forum and direct them to the actual answers. DARNED GOOD WORK.

You might announce this suite 3 or 4 times a day on Forex Forum and Help Forum as well as Political Forum for a week so everyone is made aware of it. Again, fine work. THANK YOU!

Normandy Nick 00:14 GMT April 29, 2004 Reply   
Hello,
the charts of the majors are set to favor the dollar. I'm long on usd/chf at 1.3077 and dare for a new high.

ny DTA 00:10 GMT April 29, 2004 Reply   
tell him DTA say helo and good luck next time you see him thanks alot. I used to work closely with him, he's a great guy tia

Melbourne Qindex 00:09 GMT April 29, 2004 Reply   
GBP/JPY : Current Comment.  Register with [email protected] if you have no access to my page.

 




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