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Forex Forum Archive for 05/05/2004

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Hong Kong Qindex 23:59 GMT May 5, 2004 Reply   
EUR/USD : Basically the market is still range bound between 1.1530 - 1.2452 and the mid-point reference is 1.1991.

quito_valdez at yahoo 23:59 GMT May 5, 2004 Reply   
There is no need to lighten up as I am not being heavy. If you could see the sincere grin on my face at this hypertechnical rubbish you wouldn't feel so bad. Afterall, we all have our ways and if tech works for you, fine, make $$. It's just that I get SO tired of seeing all this garbage soothsaying derived from contrivances and programs that are at best a highschool thesis project, delivering predictions that 50-50 do come true or NEVER come true on this forum that I figured something needed said from an old fardt like me. I'll put it to bed if you will but please don't anyone post crap like "1.16 guaranteed next week" like I saw 2-3 weeks ago and it never even approached reality. People might actually believe it and invest poorly. Caveat Emptorium.

Gold Coast martin 23:48 GMT May 5, 2004 Reply   
QUITO....lighten up friend...it was a joke...too much technical analysis makes the brain tired...

quito_valdez at yahoo 23:40 GMT May 5, 2004 Reply   
Well according to you if I were holding Euro bank cheques then with this fantastic eur/usd 1.23 and 1.24 I'm seeing on this forum I'd be sitting pretty. Acutally I am holding a USD check, if that makes you happier, and I am not particularly happy with that either. As to calculators, I have one of the original Sharp +-x/ four function jobs half the size of a brick that cost $200 at the time...first nimrod on my block with one, was 1973 I think (neurons dieing at fast rate!). It still works and is equal to a $3 one today but has big fat green numbers on the screen, that's why I still use it.

LAX-LGB SNP 23:32 GMT May 5, 2004 Reply   
Valdez ... i have a box full of that stuff - there's this Texas Instruments 'electric calculator' that takes half an hour to start up ... thought i'd hock it on Ebay but turns out that S&H costs more than the item itself

Singapore Sfx 23:29 GMT May 5, 2004 Reply   
True valdez - Nuff said..

Gold Coast martin 23:27 GMT May 5, 2004 Reply   
QUITO VALDEZ...i hope you are not holding euro bank cheques amigo!!!!!...

quito_valdez at yahoo 23:26 GMT May 5, 2004 Reply   
I've been charting since before PCs and even calculators when colored pencils and rulers and slide rules (remember them?) were in style circa 1971. Still to this day with all the fancy visual basic, fox, c++ whistles and bells of which I am quite aware and use daily, it still boils down to about the same thing: you use all available resources but you STILL trade by the seat of your pants and win or you make a complete damned fool of yourself. I've done both. Nuff said.

quito_valdez at yahoo 23:19 GMT May 5, 2004 Reply   
my euro view:
1. Look at 1mo/10yr chart. We are at a pivot point. It is IMPOSSIBLE to say if we are continuing on up to 1.30+ or if this sine wave is coming back down a little prematurly. The extreme left and right of the sine wave almost connect...signifying nearly a complete 10 yr. cycle.

2. This is borne out on 1mo/5yr chart.

3. Either we are in for a massive short soon on eur/usd or we are in for a several month long. Again it is IMPOSSIBLE to say. In two more weeks it would be easier. Any move toward 1.24-5 would mean a higher propensity that the massive long is about to take place. But, any attempt to say for sure AT THIS POINT would be pure gambling no matter who's fancy chartwork says what. 50-50.

I am sorry I can't give you better crystal ball service but that is what it would be given no geopolitical garbage enters in..and that's a distinct possibility. IMVHO

Brisbane L 23:14 GMT May 5, 2004 Reply   
Japan is open today China still closed

Mla Evan 23:12 GMT May 5, 2004 Reply   
Mla Evan 11:35 GMT April 27, 2004
This week onwards should be very careful with long Usd positions except Usd/Yen. Better be on the other side.

Took profit yesterday and will buy on dips.

Singapore Sfx 23:10 GMT May 5, 2004 Reply   
quito_valdez - can I have ur eur view pls mate ? tks

hk ab nzd 0.65 23:09 GMT May 5, 2004 Reply   
martin, however, I have a count on nzd .65.... let'see what's going to happen.

aud/nzd 1.11?

quito_valdez at yahoo 23:07 GMT May 5, 2004 Reply   
I would like everyone to count the times we've heard 1.16 or 1.17 eur/usd in the last couple weeks. Not insulting anyone but count is count. I hope you're right..stand to make a ton if u'r right.

Hong Kong Qindex 22:58 GMT May 5, 2004 Reply   
QC WC 22:44 GMT May 5 - Basically it is neutral, you can use my reference to take long or short position. The odds are fairly even now.

Gold Coast martin 22:45 GMT May 5, 2004 Reply   
GOOD MORNING....the aud is trading in a tight range of 73-7320{i posted 3 days agothat before the aud will trade at the 7285 range before it resumes its downward bias down to 68).The downward trend will resume monday next week after all this weeks data has been digested.....Euro will follow same pattern startingdownward move on monday to 116...The lows in both currencies should be reached by the end of next week...g/l g/t....best advice now is not to take any long positions on both currencies as the days of the 130 euro and the 78 aud are long gone...i am looking for gold to drop back to 387 range in e trading days so there is a good opportunity there.....g/l g/t

QC WC 22:44 GMT May 5, 2004 Reply   
Hong Kong Qindex 22:03 GMT May 5, 2004
EUR/USD : The question is whether we will see 1.1991 or 1.2348 first. Right now the market is running with a strong momentum. The risk is high to take a short position.

Qindex, did I get you right? Now your view is to maintain long Euro at pullbacks instead of shorts at current levels?

LAX-LGB SNP 22:41 GMT May 5, 2004 Reply   
eurjpy daily looks tired but there might be buyers hiding as long as 132.18 can hold - looking to add on a eurusd pullback near 1.2130

the icing on the cake would be gbpusd breaking 1.7930 and going for 1.8150 and audusd breaking past 0.7374

also how long before reality checks on usdcad ?

Hong Kong Qindex 22:30 GMT May 5, 2004 Reply   
quito_valdez at yahoo 22:25 GMT - In my shops you can use any kind of major currencies. I will give you a good exchange rate. One can open an account in Yuan in a lot of banks.

Hong Kong Qindex 22:27 GMT May 5, 2004 Reply   
hk ab nzd 0.65 22:25 GMT - Good morning and thank you for the arrangement.

quito_valdez at yahoo 22:25 GMT May 5, 2004 Reply   
OZ SZ//
True...it's hard to get Yuan I'm told.

Hong Kong posters & Qindex...verify/deny following please:

#1. T or F: Yuan does not exist outside China.

#2. And how would one get a bank acct in China?

#3. Can you get a bank acct in HK with Yuan?

#4. What c'ncy does HK use...still the HK dollar?

hk ab nzd 0.65 22:25 GMT May 5, 2004 Reply   
qindex, good morning.

We have everything ready for you and I will fax you the details later today.

GT!

Brisbane L 22:21 GMT May 5, 2004 Reply   
quito_valdez at yahoo very true, I was watching a programe about China and as you say many have not realized the tranformation that has already occured and its not in China's interested to cause a slump in their ecomony and doubt they will be able to pull it off its like try to stop the Industrial revolution in the 19 century

OK SZ 22:18 GMT May 5, 2004 Reply   
I haven't seen nick in a while..wonder how is trading ideas are going.

OK SZ 22:16 GMT May 5, 2004 Reply   
the problem is getting your hands on their currency. not easy

quito_valdez at yahoo 22:13 GMT May 5, 2004 Reply   
Brisbane L//
I'll back you up on inference that Japan's mfg is heading to China. It already has...past tense. I bought Nikon Cool Pix digicam = $320, v. nice cam. Guess where it's made? China. Many of Japan's factories (and soon to be Korea's and Taiwan's if they know what's good for them) are cloning themselves in China under Japanese auspices. Talk about job walk! You ain't seen nuthin' yet. China will HAVE to float their c'ncy. Those with a brain saw Japan after WWII, invested. Again in Korea. Again in Taiwan. Now...give ya one guess. Pull out your wallet and take Chinese classes amigos. We think of China as a bunch of Mao hat wearing peasants with a few pigs and chickens eating rice hunkered down on a dirt pad. Alarming as it may seem to those unawares, their tech is hyperbolically increasing...remember they have been many yrs. a nuke power and now have astronauts/space program. "Don't underestimate the power of The Force, Luke."

Gen dk 22:07 GMT May 5, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Hong Kong Qindex 22:06 GMT May 5, 2004 Reply   
EUR/USD : The next targets are 1.2081 or 1.2259.

Hong Kong Qindex 22:05 GMT May 5, 2004 Reply   
EUR/USD : For a day trader the concered targets are 1.2126 or 1.2215.

quito_valdez at yahoo 22:03 GMT May 5, 2004 Reply   
shorted usd/cad @ 1.3732, closed1.3741, 9 more pips for supper incl 5 for el broker.

Hong Kong Qindex 22:03 GMT May 5, 2004 Reply   
EUR/USD : The question is whether we will see 1.1991 or 1.2348 first. Right now the market is running with a strong momentum. The risk is high to take a short position.

CAIRO AG 22:00 GMT May 5, 2004 Reply   
Can anyone pls tell me wether the Japaneese holidays are over or Asia is still OFF tonight?

Thanks

Hong Kong Qindex 21:59 GMT May 5, 2004 Reply   
Hong Kong Qindex 21:58 GMT May 5, 2004
EUR/USD : The current expected trading ranges from my 44-day cycle reference is as follow :-

... // 1.1991* - 1.2036 - 1.2081 - 1.2126 - 1.2170* // ...

Brisbane L 21:39 GMT May 5, 2004 Reply   
Looks like China may be in for further expansion in the coming years.

dc fxq 21:36 GMT May 5, 2004 Reply   
good trade but to call 19 or 20 pips falling like a rock is absurd

Brisbane L 21:36 GMT May 5, 2004 Reply   
China Enters The World Of Flat-Screen Components
IT COULD BE China's biggest grab for hi-tech riches yet. The country is trying to break the lock that Japan, South Korea and Taiwan have on flat-screen technology for TVs, notebook computers and cellphones.

Two factories are under construction in China to create the core component in most flat-screen products: liquid-crystal display, or LCD, panels. One owned by SVA-NEC Liquid Crystal Display, a 75%-25% joint venture between China's SVA Electron and Japan's NEC Corp., is expected to begin trial production later this year near Shanghai. The other is being built near Beijing by BOE Technology Group, which purchased the display subsidiary of Korea's Hynix Semiconductor, called Hydis, last year. That factory is targeted for completion early next year.
With demand for flat-screen technology soaring -- and products from hand-held computers to grocery-store coupon displays made possible because of them -- the ability to produce basic components will lift China's hi-tech stature
TFEER.

quito_valdez at yahoo 21:31 GMT May 5, 2004 Reply   
dc fxq//
3750-3731 amigo = 19 pips. Sooorry for the alert sonny, when I get my crystal ball fixed I'll try to do better. My short got 11 of them with the spread factor. Will only post when I have a rearview mirror for you, how's that pal? :^]

GVI john 21:25 GMT May 5, 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/$ 1.2165…$/yen 108.70
DJIA 10,311, -6 pts…NASDAQ 1,957, +7 pts
10-yr 4.58%, +2 bp’s
PERSONAL OPINIONS:
For a broad range of opening levels click on “GVI’s Market Tracker”:
CLICK HERE


See GVI for Text

dc fxq 21:18 GMT May 5, 2004 Reply   
quito_valdez at yahoo 20:52 GM

12 ticks from the close is a rock?

Ltn th 21:12 GMT May 5, 2004 Reply   
Some serious fundamentals seem to have shifted to AUDUSD positive. How do tech gurus see things? Fundamental wise 77 seems a likely compromise with some factors pointing to feb level.

CAIRO AG 20:55 GMT May 5, 2004 Reply   
ML // Thanks my friend... am around here most of the time till Asia and than in London.

GL & GT

OK SZ 20:53 GMT May 5, 2004 Reply   
ML, that sounds good and you are definitely raring to go..looking forward to hearing more fom you..tks much and see ya later.

quito_valdez at yahoo 20:52 GMT May 5, 2004 Reply   
usd/cad falling like a rock.

ICT ML 20:50 GMT May 5, 2004 Reply   
AG, SZ, I will be around in mid Asia for a bit, then for whole London session. I just got lazy for a couple weeks or so.

AG, give me until London to try to figure out what is up on those pairs. I had hoped to fade 1.2200 today NY session only, but that didn't happen. This is the time of year that they took off vertical last year when I really wasn't expecting it, so I will play it conservative until I smell blood somewhere.

As far as trading in general, I am in MUCH better shape going into the May-July season than I was last year, and last year I had an incredible May-July so I am looking forward to sitting here all the time again now (was getting a bit tired of it)

OK SZ 20:46 GMT May 5, 2004 Reply   
well closing above 12150 is bullish

OK SZ 20:39 GMT May 5, 2004 Reply   
ML, how are you doing? I see you took some time, all refreshed and ready to go again. well it should be an interesting end of the week for sure..I really haven't made many pips this week so will focus these next 2 days..you gonna be on for asia? or london?

CAIRO AG 20:38 GMT May 5, 2004 Reply   
ML// Hi my friend... any suggestion for euro and cable from here??
TIA

GL & GT

ICT ML 20:33 GMT May 5, 2004 Reply   
Stockholm ZA...if around, you are referring to your PnF chart channels earlier no?

SZ...the Aussie has been a strange one to watch for me, I think I have a 40-60 (at best) track recond (but getting beter recently) on the few trades I have taken on it. It does nothing for long periods of time, then BAM, it moves 100 pips or so......

Think I am going to start watching Gbp-Chf now myself.



quito_valdez at yahoo 19:58 GMT May 5, 2004 Reply   
Dallas GEP 17:45 GMT//
Now I knew I would have to blame someone for trading like you stated below a couple days ago! It's YOU! YOU done it 2 me boy! LOL

CHARTS: Move damit! MOVE!!!! Do something!!!

"Osama bin Laden has hired 10 look-alikes. Now, how hard-up do you have to be before you take that job? It's a no-win! If Osama dies, you don't get paid. If you're found, you get killed." Jay Leno

~~~~~<><<>><>~~~~~

Rivonia PipPirate 19:16 GMT May 5, 2004 Reply   
Only a measly 60 pips before Euro is in o/b territory:-(

USA Biscuit Boy 19:13 GMT May 5, 2004 Reply   
Euro will need cable to come along for the ride if it wants to head higher tho. EUR/GBP heading into strong 0.68 resistance. If no rate hike for GBP will be very hard going.

Rivonia PipPirate 18:58 GMT May 5, 2004 Reply   
Euro looks poised to take advantage of next daily candle.

OK SZ 18:26 GMT May 5, 2004 Reply   
have to admit when you start reading posts that are nonsense I will head to the gym and see ya all this evening..

OK SZ 18:24 GMT May 5, 2004 Reply   
Biscuit, ya know I have not traded the aussie yet will have to focus on that one a bit better..yes both should be interesting. I have not made one trade today so waiting for a good chance to..gl, gt

USA Biscuit Boy 18:21 GMT May 5, 2004 Reply   
Hi SZ. Sydney should be interesting as well. Local names bought AUD/USD just above 72 cents 2 days ago. Waiting to see if they begin taking profit or if we break 0.7345 and have a go at the tough 0.7360 resistance. I would like to establish a short position up there.

Global-View Research 18:19 GMT May 5, 2004 Reply   
Greenspan's Siesta On Fed Funds (FXA)

On Tuesday I made the case for why the Fed should hike rates. I also said the Fed would not hike rates. Not as long as Senor Greenspan is calling the shots.

What did Tuesday's FOMC statement and inaction on rates say about the Fed and rates that is not obvious to the more than casual observer of the US central bank? Unfortunately, or fortunately, not much. The first point is the Fed and Greenspan feel perfectly comfortable with a 1.00% Fed funds rate even with inflation measures uniformly rising, employment growing and market rates rising. The statement also made it perfectly clear that the Fed will fire the first shot on rates when it is appropriate...it is neither patient not impatient. In this regard a jump in US April non-farm payrolls onFriday could put a June30 rate hike right on the front burner, and we doubt the Fed would try and talk the markets out of expecting a June hike. Conversely, a weak payroll number Friday would not only get the market to rule out a rate hike June30, but it would put an August10 rate hike in jeopardy. In other words the Fed and Greenspan in particular have the desired flexibility to raise rates or not to raise rates. Furthermore the markets have been put on alert. So when the Fed decides it is time to hike, no one should be surprised... CLick Here for the Full Update

Dallas GEP 18:19 GMT May 5, 2004 Reply   
NP TJ, I post the TRUTH and nothing else. LOL

CHI Sammy 18:17 GMT May 5, 2004 Reply   
Nice protection boys.

Dallas GEP 18:17 GMT May 5, 2004 Reply   
MMM, this last batch was taken @ .7334

OK SZ 18:10 GMT May 5, 2004 Reply   
good day all, well this close should be interesting..thinking we head higher into the close and see what tokyo does this evening..

USA Biscuit Boy 18:04 GMT May 5, 2004 Reply   
Then we have US jobs data to look forward to on crazy Friday. Should offer very good two way action for the rest of the week.

washington MMM 17:55 GMT May 5, 2004 Reply   
GEP
whats the number on aussie ?
thanks

USA Biscuit Boy 17:55 GMT May 5, 2004 Reply   
We should also keep in mind besides rate decision in UK is ECB decision on Thursday. While no rate changed expected for euroland Trichet has his press conference afterwards. Plus Tokyo is back onn Thursday as well and who knows what they will do after 3 days away. Very interesting day to say the least!

CHI Sammy 17:55 GMT May 5, 2004 Reply   
Don't worry NEWBIES, when I am in the profit 19-21 points again, I will be posting like a madman how awesome I am. I RULE.

GA TJ 17:49 GMT May 5, 2004 Reply   
Dammit Dallas GEP, I am laughing so hard I have to go the bathroom. Thanks pal.

Sallad Peg 17:46 GMT May 5, 2004 Reply   
Spot.......I never get it backwards.

Haifa ac 17:45 GMT May 5, 2004 Reply   
Spotforex NY 17:32 .// Me too. I also vowed to be the first one to admit if I ever made my first mistake.

Dallas GEP 17:45 GMT May 5, 2004 Reply   
Why Sammy, don't you know. I don't run stops. I average every time a possie goes 10 pips against me and continue to do so until it turns my way. I like to have at least a 10:1 risk reward ratio so that I can say risk 100 pips for a 10 pip gain. And on top on all that I continuosly HEDGE against myself so that the VERY best I could ever hope for is to break even. And I do all this 16 hours a day just for the fun of it because I was a 94 million dollar LOTTERY winner 5 years ago. PLUS I educate others trade the VERY same way I do so SHARKS may have their feasts daily.

Chicago Irish 17:41 GMT May 5, 2004 Reply   
It's a red light at a traffic intersection....

Chi Sammy 17:33 GMT May 5, 2004 Reply   
Dallas, what if GBP where to "easliy" run up 200 points, where would your stop be for good order sake?

Spotforex NY 17:32 GMT May 5, 2004 Reply   
I thought I was wrong once, but I was mistaken.....

Dallas GEP 17:30 GMT May 5, 2004 Reply   
OK I am short Euro, short aussie, and short pound. Since I beleive a RATE increase is already priced in pound, if there is NO rate increase it could EASILY drop 200 pips or more.

quito_valdez at yahoo 17:22 GMT May 5, 2004 Reply   
stockholm za 17:10 GMT//
Don't worry, speaking for myself and countless others we appreciate your posts. Hey, if we could be right 100% of the time we would own a CB! Besides, no matter what is posted here, everyone is the captain of their own ship in the first place.

SPb Mike 17:18 GMT May 5, 2004 Reply   
It's ok, ZA. Ignore my post, pls.
GL & GT

SPb Mike 17:16 GMT May 5, 2004 Reply   
fwiw ZA, daily down trend from high 18/02 through high 01/04 on my charts was broken at 1.1995. Where is upper line of your bearish price channel? TIA

stockholm za 17:10 GMT May 5, 2004 Reply   
fwiw....
Guy`s lets just forget about this ..
For i can guaranty you all 100% we are NOT looking at the same charts form.
I made a mistake by posting what i did .....
re :- Price Channel...
Happy trades to all - peace & love-- Good bye

USA Biscuit Boy 17:09 GMT May 5, 2004 Reply   
Well 1.22 is going to be a tough nut to crack. We might head down to 1.2050 first before that one breaks. Or we could take out the option barrier and run stops above then head down.

dc fxq 17:07 GMT May 5, 2004 Reply   
as of today it is

GA TJ 17:05 GMT May 5, 2004 Reply   
Speaking of which, wgen is the Golden Week over?

HK Kevin 17:03 GMT May 5, 2004 Reply   
Talking about level, I have 1.2150 for EUR, but it needs a daily close to confirm. Break of which target 1.23 and major one at 1.24.
Most important of all, we need to watch how the Japanse and Chinese traders respond after the golden holiday.

dc fxq 17:02 GMT May 5, 2004 Reply   
stockholm za 16:59 GMT & stockholm za 16:41 GMT

trying to spoil the "party" ? LoL

don't you understand, EUR can only "logically" go in one direction - UP.

stockholm za 16:59 GMT May 5, 2004 Reply   

SPb Mike ....WHAT was broken ??

SPb Mike 16:52 GMT May 5, 2004 Reply   
stockholm za 16:41
I have 1.82 for GBP and 1.2 (wich was broken ystd) for EUR in my daily charts. So assume only cable is still in the down channel now. What levels r u reffering to?

USA Biscuit Boy 16:46 GMT May 5, 2004 Reply   
If the laggard AUD/USD can cleanly break 0.7345 it will be a very strong indication for me of things to come. Good job Valdez. Indeed buying eur/usd on dips has proved very rewarding today. Selling on blips too if you were so inclined.

stockholm za 16:41 GMT May 5, 2004 Reply   

fwiw ... EUR/USD - GBP/USD :-
we have not broken the bearish price channel as yet .
be carefull with counting chickens...
Happy trades...

quito_valdez at yahoo 16:37 GMT May 5, 2004 Reply   
No limit to today's eur/usd high, so plz quit saying 'this is the high for today'. No one knows. Wonderful longs and pip raids today. SELL DEM DOLLARS, make me rich (and help our USA exports too)! No one looses here.

USA Biscuit Boy 16:33 GMT May 5, 2004 Reply   
Option barrier at 1.22 next target for eur/usd.

Nottingham 16:19 GMT May 5, 2004 Reply   
London JHC 16:11 GMT

a few techs converge in your first zone of 10/15 but chances are those levels are for another day as market seems unwilling at present...a move through 1.22 on euro may be need for eurgbp to reach resistance...gl gt

London JHC 16:11 GMT May 5, 2004 Reply   
For those who trade eur/gbp, there is a resistance at .6810-15 and the more important level is .6840

my aMc 16:00 GMT May 5, 2004 Reply   
LA..MEL>>>>...question on the help forum if you can

NYC NYC 15:55 GMT May 5, 2004 Reply   
Looks like eur/usd 1.2120-70 is it consolidation range

Dublin Flip 15:30 GMT May 5, 2004 Reply   
Jay is "great" a censored word???? -LOL

Ny KAY 15:21 GMT May 5, 2004 Reply   
anyone see diver. on hourly chart Eur/Dlr with RSI ?

wellington ad 15:18 GMT May 5, 2004 Reply   
I'm kind of new to this using the censored platform. Does anyone prefer another?

melbourne farmacia 15:15 GMT May 5, 2004 Reply   
sa - no, but now looking at the chart, wish i did LOL..

nyc sa 15:06 GMT May 5, 2004 Reply   
Farmacia are u watching GBP/YEN ? looks like it is going to meet Qindex target soon 1.9160 ,are u following this pair ?

nyc sa 15:04 GMT May 5, 2004 Reply   
thnx Farmacia , cheers .

OK SZ 15:03 GMT May 5, 2004 Reply   
euro is bouncing off the 12119/20 support

melbourne farmacia 15:01 GMT May 5, 2004 Reply   
nyc sa - if cable holds 1.7865 ish, might be worth a few pips on the bounce.... but Watch hourly indicators as sell signal came in 1.7930 ( confirmed at 80 on short time frame etc ) GT

Eilat Dolphin 14:57 GMT May 5, 2004 Reply   
Kevin, fxq/ agreed. My main point is the angle and length of the E jump (stochs agree). It only happened twice in the last 4800 4 hours candels, and did come back soon. thus, I am going to swim it out. For real. Now.

Keep the good work, read you later.

Nottingham 14:53 GMT May 5, 2004 Reply   
ICT ML 14:46 GMT

you may get a chance to fill your 1.22 tomorrow, but above 1.2250 isn't that likely ahead of payrolls, terrorist risk aside...gl gt

ICT ML 14:46 GMT May 5, 2004 Reply   
guess I won't be getting filled short eur-usd at 1.2200 now today...bummer. And missed my chance to sell cable at 1.7950....took a few days off and lost my timing.......

dc fxq 14:39 GMT May 5, 2004 Reply   
dolphin/ I would agree but with UIC tomorrow and employment report Friday it wouldn't be surprising to see another spike in EUR and GBP vs USD. Don't think they'd be sustainable though.

HK Kevin 14:39 GMT May 5, 2004 Reply   
Eilat Dolphin 14:25 GMT, It's still possible while looking at the hourly chart. ISM news don't have much effects in a trend market.

Gen dk 14:28 GMT May 5, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Eilat Dolphin 14:25 GMT May 5, 2004 Reply   
kevin/ With the ISM, the E jump of 350 Ps on the last run and Friday data due, I strongly doubt we'll see 1.2180 soon again.

HK Kevin 14:22 GMT May 5, 2004 Reply   
Sorry guys, big mistake. Should read "Long small USD/JPY at 108.39."

Chicago Irish 14:18 GMT May 5, 2004 Reply   
HK Kevin:Good thing it's only small long Usd/Jpy :-)

houston st 14:17 GMT May 5, 2004 Reply   

HK Kevin 14:14 GMT - you are already 190 pips down. :)
good trades & good luck.

Helsinki iw 14:17 GMT May 5, 2004 Reply   
English only here I´m told, JAK.

HK Kevin 14:17 GMT May 5, 2004 Reply   
EUR is a sell again near 1.2180. Have sold earlier at 1.2163 and covered at 1.2126.

HK Kevin 14:14 GMT May 5, 2004 Reply   
Long small USD/JPY at 110.39.

HELSINKI Jak 14:13 GMT May 5, 2004 Reply   
mitä kuullluuuuuu iw

Bucharest Razvan 14:12 GMT May 5, 2004 Reply   
gp hj: as much as i hate quoting myself, search the archive for Bucharest Razvan 12:37 GMT November 12, 2003

the sites there are good for beginning the study of The Art.. ;)

nyc sa 14:11 GMT May 5, 2004 Reply   
Farmacia ,what's ur view on cable ? buy or sell ?

Helsinki iw 14:11 GMT May 5, 2004 Reply   
Cheers Nottingham, and thanks for the heads-up. USD/CAD
has been a bit puzzling to me, must admit.

Nottingham 14:09 GMT May 5, 2004 Reply   
iw, with option shackles out of the way, there may be less interest to protect the figure so I'd agree with you to a degree but eurcad now looks like it has seen its best for the day so that is a warning sign...btw I would be a seller up there if seen...gl gt

dc fxq 14:05 GMT May 5, 2004 Reply   
make that vs 65.8

dc fxq 14:04 GMT May 5, 2004 Reply   
ISM solidly above consensus @ 68.4 vs 65

Helsinki iw 14:03 GMT May 5, 2004 Reply   
Fwiw/ Price action post numbers suggest good supply of dollars. Think we will print new daily high on EUR/USD soon.

gp hj 14:03 GMT May 5, 2004 Reply   
I’m completely new to Forex but would like to know how to get started.This is especially in so far as internet training and back-up is concerned.Hope to get some feedback.

brisbane 14:01 GMT May 5, 2004 Reply   
really strong 68.4

gp 13:49 GMT May 5, 2004 Reply   
I’m completely new to Forex but would like to know how to get started.This is especially in so far as internet training and back-up is concerned.Hope to get some feedback.

Gen dk 13:49 GMT May 5, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Rivonia PipPirate 13:41 GMT May 5, 2004 Reply   
uk bob 13:25 Thx for your view, hope I did not pull you out the pub enjoying that beer.:-}

ham cla 13:32 GMT May 5, 2004 Reply   
hearing there are still stops in eur/usd 1.2160/70 fwiw

uk bob 13:25 GMT May 5, 2004 Reply   
Rivonia PipPirate while all higher time frame ma are tough nuts to crack, all will eventually crack under repeated tests, gbp/usd 95 day ema is no exception

quito_valdez at yahoo 13:24 GMT May 5, 2004 Reply   
Israeli warplanes strike Lebanon..Sky News...
Boy this long-long is a money making hike, a pip a minute.

Bucharest Razvan 13:05 GMT May 5, 2004 Reply   
1.2134 is the hourly low here, mate..

Bucharest Razvan 13:04 GMT May 5, 2004 Reply   
which reminds me..

GEP, i never got around to thank you for that 1.7710 long.. :) worked like a charm for the projected 50 pips...

Bucharest Razvan 13:03 GMT May 5, 2004 Reply   
oh come on david.. don't take it so seriously.. :) I personally found fxq's reply very funny.. and it does strike home, don't you think?

gl to all.. still holding yesterday's long possie (1.2070) for 1.22+. If i raise stops (mid-late NY) i'll post it here, fwiw.

OK SZ 13:03 GMT May 5, 2004 Reply   
farmacia, I show 12116

melbourne farmacia 13:00 GMT May 5, 2004 Reply   
Can i have euro low from current hourly bar. Cheers

Brazil, JH 12:58 GMT May 5, 2004 Reply   
Jon, Thanks :-)

EU ZORRO 12:51 GMT May 5, 2004 Reply   
...saloniko 2004 nk 10:41...

....always in action.....being busy BUYING cheap EUROS last month....

Good luck

Sydney gvm 12:51 GMT May 5, 2004 Reply   
Bristol david - ask a stupid question...what do you expect.. "spook a currency"? give me a break mate

Tokyo Jon 12:49 GMT May 5, 2004 Reply   
hello all, eurusd is still being capped by my projected high this morning, High: 1.2175 Low: 1.1962 Close: 1.2098, we are now recieving pressure from my reference at 1.2120 and I would expect the market to trade between 1.2100 - 1.2154

GL all

ham cla 12:46 GMT May 5, 2004 Reply   
paris latest buyer in cable through 1.7825/30

dc fxq 12:41 GMT May 5, 2004 Reply   
I could have been more facetious and said "more sellers than buyers". My answer was hopwever straight forward and factual, there was no news - just a normal reaction to an over-extended run in one direction. I shan't bother responding in the future.

Gen dk 12:34 GMT May 5, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Bristol David 12:26 GMT May 5, 2004 Reply   
Special thanks to FXQ for the
quality and helpfulness of his answer

just the sort of response that this Forum needs!

Nottingham 12:21 GMT May 5, 2004 Reply   
eurcad...currently revisiting primary o/b for second time today...a fresh high may bring secondary level at 1.6765...as always favoured position to take would be fading any move higher to secondary o/b or beyond rather than chasing any upside...gl gt

Gen dk 12:06 GMT May 5, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

dc fxq 11:44 GMT May 5, 2004 Reply   
Bristol David 11:36 GMT

what "spooked" cable is price are not indefinitely uni-directional

GVI john 11:36 GMT May 5, 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/$ 1.2150…$/yen 108.90
DJIA +5 pts… 10-yr 4.53%, -3 bp
PERSONAL OPINIONS:
For a broad range of opening levels click on GVI’s “Market Tracker”:
CLICK HERE
This statement on the open Tuesday was the key to the reaction of the markets to the Fed announcement, but we did not recognize it at the time.

“It appears that stop-loss orders above the eur/$ 1.20 line have been one reason behind the euro rally a short while ago. It’s not a profound observation, but a lot of the dollar longs had started to become a bit stale.”

We were taken aback by the reaction of the markets to the Fed policy statement because what they said was close to what had been expected. So where we stand now is in the midst of a correction from an overbought dollar condition, which is why it has been unable recently to respond positively to good news. The same can be said about U.S. equity markets. As for the Fed statement, the central bank has left itself a lot of leeway to respond flexibly to upcoming data.

On the economy the Fed was a bit dovish and on rates it was a tad hawkish. The key word has been changed to measured from patient. The Fed policy statement opened the door to the risk of a rate hike as early as June 30. They will have seen two more employment reports by then, and the April and May data will likely be decisive. Thus even the Fed does not know now what it will do for sure at the end of June. Keep in mind that the improving dollar tone recently had been premised on an expectation that the Fed is going to move to a more neutral Fed Funds target. Thus the April jobs picture on Friday is critical. Market expectations for the April jobs figure center around an increase of 175,000 in the month. Keep in mind that the standard error on consensus forecasts runs at about +/- 75,000 in any given month. The dollar is not going to be able to respond positively to a constructive outcome unless its overbought condition has been reduced.

Today saw disappointing German employment data with the number of seasonally-adjusted jobless increasing by 23,000 in the month. The Eurozone Services PMI was virtually unchanged at 54.5 in April from 54.4 in March. Germany was 53.3 vs. 53.2. There is no chance for an ECB rate change tomorrow. It seems that a BOE 25bp rate hike on Thursday has been priced in for months. The Swiss April CPI rose 0.8%, +0.5% y/y. This increases the odds of a rate hike on June 17 as the bank abandons its ultra-easy monetary policy. The three bomb blasts in Athens ahead of the Olympics in 100 days was unnerving, but has seen no immediate market reaction.

In Australia, the Reserve Bank made it known that it had decided to keep rates unchanged on Tuesday. The key focus now is the Quarterly Monetary Policy Report on Friday. The markets will be waiting to assess the tone of this document. March Building Approvals fell -4.4%. -2.3% y/y. A cooling housing market has taken the pressure of this central bank to tighten policy further.

Wednesday sees the weekly DOE/API figures. The energy data are always closely watched these days with oil prices on the rise. OPEC announced today that production has been running 1-1/2 million barrels a day above its quota and that there is no shortage of supplies. The ISM Services PMI is of interest as well.
CALENDAR
WEDNESDAY, May 5, 2004
12:15 GMT- CDA- International Reserves
13:30 GMT- US- API/DOE Weekly Energy Inventories
14:00 GMT- US- Apr Non-Manufacturing ISM PMI: vs. 65.8 in Mar

THURSDAY May 6, 2004
01:30 GMT- 1Q04 Retail Trade vs. +2.6%
08:30 GMT- UK- Apr Services PMI: vs. 58.7 in Mar
10:00 GMT- GER- Mar preliminary Industrial Orders: vs. +0.5% in Feb
11:00 GMT- UK- Bank of England MPC decision: risk of a 25bp rate hike
11:45 GMT- ECB Governing Council meeting decision
12:30 GMT- US- Weekly Jobless Claims
18:00 GMT- US- Mar 16 FOMC minutes

FRIDAY, May 7, 2004
AUS- RBA Monetary Policy Statement
10:00 GMT- GER- Mar preliminary Industrial Output
11:00 GMT- CDA- Apr Employment Report
Jobs vs. -13,300, see +12,000
Rate vs. 7.5%, see 7.4%
12:30 GMT- US- Apr Employment Report
Non-Farm Payrolls: vs. 308,000 in Mar, see +175,000
Unemployment Rate: vs. 5.7% in Mar, see 5.7%

Bristol David 11:36 GMT May 5, 2004 Reply   
what has spooked Cable in the last hour?

Ldn 11:33 GMT May 5, 2004 Reply   
hk ab nz 0.65 in 3 months 11:30 GMT May 5, 2004
do you mean kiwi or aud 70

hk ab nz 0.65 in 3 months 11:30 GMT May 5, 2004 Reply   
DG// Sorry, I am busy tonight and I have no positions at hands, but I will be trying to enter aud positional longs by layers starting from .6060 (if price comes slowly) or .6010 (if price goes fast) and add every 30/50 pips.

Swiss DG 11:27 GMT May 5, 2004 Reply   
hk ab nz 0.65, can I ask your opinion/level expected about aud/usd? tia

pt..jr 11:25 GMT May 5, 2004 Reply   
hk ab nz 0.65 in 3 months 11:18 GMT May 5, 2004 ..................hi ab what is your stop at aud/jpy,thank u...gl/gt

houston st 11:23 GMT May 5, 2004 Reply   

good day..still holding eur/usd for 1.2219 and beyond..usd/jpy still holding it's head up..what a tuff pair..gl/gt.

hk ab nz 0.65 in 3 months 11:18 GMT May 5, 2004 Reply   
aud/jpy shorts from 80.00 hoping for a ride to the 74.

hk ab nz 0.65 in 3 months 11:18 GMT May 5, 2004 Reply   
Ldn, cad 1.39 or above.

aud and nzd is a different story.

From their daily charts, you should aware a poosible formation of a sharp wedge which possibly kills all the weak longs to let us buy cheap aud and nzd.

Ldn 11:08 GMT May 5, 2004 Reply   
hk ab nz 0.65 in 3 months 11:02 GMT May 5, 2004
nt, sp,farmacia, I think today will see sth special on aud, nzd and cad.

what levels are you loooking for. tks

hk ab nz 0.65 in 3 months 11:02 GMT May 5, 2004 Reply   
nt, sp,

tonight mj again....hahaha


farmacia, I think today will see sth special on aud, nzd and cad.

I am ready for cad reversal play. Let's see.

Hong Kong Qindex 11:02 GMT May 5, 2004 Reply   
Hong Kong Qindex 10:17 GMT May 5, 2004
EUR/USD : 44-Day Cycle Reference


Set A : ... 1.1599* - 1.1681 // 1.1763 - 1.1845 - 1.1926* - 1.2008 - 1.2090 - 1.2172 // 1.2253* ...


Set B : ... 1.1623* - 1.1715 // 1.1807 - 1.1899 - 1.1991* - 1.2083 - 1.2176 // 1.2268 - 1.2360* ...

nyc jk 10:55 GMT May 5, 2004 Reply   
gd mrng, cheers islander!

taro - 60% returns per month on average? within 2 years you would go from being an average sized margin trader to becoming one of the largest ccy traders in the world. unless you have some substantiation of these returns I would prefer to end our discussion as we are just talking foolishness now.

Gen dk 10:45 GMT May 5, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

hk ab nz 0.65 in 3 months 10:43 GMT May 5, 2004 Reply   
We have seen many real USD weakness in the past.
Usually, the commodities took the lead, and then, eur, gbp, chf followed.

Now we have the reversed pic seen.

Hope we have enough experience to view the TA underneathed.

GL, GT.

nk, Good evening.

saloniko 2004 nk 10:41 GMT May 5, 2004 Reply   
Kali mera Roumeli..LOL!

Zorro..again in action?LOL!..


nk

Rivonia PipPirate 10:31 GMT May 5, 2004 Reply   
uk bob 09:58 Uncle Bob, re gbp/$, do you think the 95 day ema will be a tough nut to crack?

nyc fxdh 10:18 GMT May 5, 2004 Reply   
Twezer bottom on 30 minute $yen candle chart ??

Nottingham Daniel 10:06 GMT May 5, 2004 Reply   
5/5/2004 10:00:00 AM US (1) Apr ISM Services 64.0-65.0 65.8

ham cla 10:05 GMT May 5, 2004 Reply   
gold: uk clearer and a fft bank on the offer arround 395.00

Normandy (in London today) Nick 09:59 GMT May 5, 2004 Reply   
I would add that eur/usd and usd/chf are overdriven on the hourly chart and also, the macd is showing a begining of divergence

uk bob 09:58 GMT May 5, 2004 Reply   
good morning more Sterling pips are piling into uncle bob's pockets, nearly 4 big figures so far
1.82 is now within intraday striking distance

hong kong nt 09:54 GMT May 5, 2004 Reply   
For today, USD/CHF 1.2680, if seen, is a buy...

EU ZORRO 09:53 GMT May 5, 2004 Reply   

...Good morning all...

....I'm BUYING MORE Cheap EUROS HERE....

Normandy (in London today) Nick 09:50 GMT May 5, 2004 Reply   
Hello everyone,
euro/usd "foats the fire" today but I see a good fight back of the dollar from now ( since it went to 1.2180)

Roumeli aek 09:49 GMT May 5, 2004 Reply   
Kalli mera to you to Saloniko :)

Ldn 09:48 GMT May 5, 2004 Reply   
A Chinese account is said to be offering EUR/USD at 1.2190 - 1.2200 which might provide near term resistance.

saloniko 2004 nk 09:44 GMT May 5, 2004 Reply   
Good Morning..

Euro..need to overtake first1.2250 and then the critical1.2350/24 for the SOS 1.2650..

The Good news are that USD/CAD still is around 1.37 and might want some +pips UP around 1.38 b4 the Slow Down..

Van Gecko..Kali mera!!

To all the free readers..
Have a nice day!! or Kalo apogeumataki!

nk

Sydney2 09:34 GMT May 5, 2004 Reply   
Hi, all friends here, euro seems to keep going up and no retracement. How can we get a chance to buy? tia

ham cla 09:33 GMT May 5, 2004 Reply   
swiss bank sold good amt dol/chf from 1.2720 down to the figure.

melbourne farmacia 09:33 GMT May 5, 2004 Reply   
QC WC - in & out and now flat.

slv sam 09:22 GMT May 5, 2004 Reply   
it will be interesting to see if the euro will be able to overtake 1.2470/80 from the first attempt in the next 2 weeks!GT

QC WC 09:18 GMT May 5, 2004 Reply   
Farmacia, are you still long GBP?

Nottingham Daniel 09:16 GMT May 5, 2004 Reply   
House prices up 1.8 percent in April
05 MAY 2004 08:44 BST

LONDON (Reuters) - House prices rose 1.8 percent last month to stand 19.1 percent higher in the latest three months compared with a year ago, according to the Halifax House Price Index

Well if this and UK plastic spending is not enough to put up interest rates in the UK - what is !!!!

melbourne farmacia 09:15 GMT May 5, 2004 Reply   
OMIL - i think my cycle period came a day early LOL

Nottingham 09:15 GMT May 5, 2004 Reply   
eurcad briefly touched primary o/b which means there is a good chance that any further euro strength will be replicated by cad in its own dollar cross...gl gt

Miami OMIL (/;-> 09:08 GMT May 5, 2004 Reply   
I believe this market has hade up its mind and it is bullish for eur/usd whatever the news. BTW we are in buy on dips mode IMHO. GL GT

Brisbane L 09:04 GMT May 5, 2004 Reply   
Euro Zone March Retail Sales -0.2% On Mo, +0.9% On Yr
Feb Retail Sales Revised Down To -1.1% On Mo

Gen dk 09:04 GMT May 5, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Miami OMIL (/;-> 09:02 GMT May 5, 2004 Reply   
Thanks for the kind words DG I do it to help that is all I do it for. GT

Swiss DG 08:57 GMT May 5, 2004 Reply   
Miami OMIL, always appreciate your posting. Thanks.

Minnesota Mark 08:57 GMT May 5, 2004 Reply   
Being artistically challenged I have a hard time with lines. But I did buy GBP/USD @ 1.7961.

Miami OMIL (/;-> 08:45 GMT May 5, 2004 Reply   
That is what I meant viies I got carried away there. I post them for the people that can’t draw or just want to compare numbers. I hope you are doing well this week. GT

Tallinn viies 08:43 GMT May 5, 2004 Reply   
Miami OMIL - too many numbers indeed. we all can draw :)

Nottingham Daniel 08:39 GMT May 5, 2004 Reply   
Deutsche Bank Take For Today

Speculative bears take another crack at the $

EUR USD (1.2110) This time, all the action took place ahead of the
FOMC meeting. The euro leapt out of its 1.1810 – 1.2000 congestion area
for the second time (the false break scenario was never confirmed) and
finally triggered the bullish alternative at 1.2040. Even ahead of the Fed
meeting, the single-currency traded above $1.21 – for the first time in four
weeks. In Asia this morning it recorded a peak of 1.2140.
The current target, which should be shifted slightly higher to 1.2190/00, is
also the best resistance on the near-term horizon. This price corresponds to
the average entry price of the medium-term dip-buyers of the last two
months. The behaviour of this group can be clearly seen in the weekly shifts
of our EUR-Sentiment Survey*. Although they have not been particularly
successful in their attempts to pick the bottom for the single-currency –
especially in April – they never really gave up trying; losses were due to bad
timing rather then to a bad strategy. The latest revival will allow many of the
remaining bulls to escape without losses, so one must expect their offers at
slightly higher levels. Other than this there is no other significant supply in
the market, thus a break of this threshold would be very bullish for the euro.
As the current demand is probably fuelled by the creation of fresh mediumterm
longs (rather than by long-term demand) there is also a critical point to
the downside that would trigger stop-losses. This point is 1.1925. However,
for risk-reward reasons, the downside limit to our bullish scenario must be
set at 1.2040.

USD JPY (109.50) More aggressive dollar sales pressured the price below the risk-reward limit of our bullish scenario yesterday (apologies). The decline stopped short of a violation of the critical 109.25 support, which ultimately proved to be the low. Whilst it continues to hold above this threshold, it can be considered stable. Below there, with increasingly fewer profit-taking bids from former short-sellers around, little would prevent a deeper slide to 107.10/25. Intermediate support stands for today at 108.65. In any case, better resistance is now in place at 109.90 and at 110.60. At the latest beyond the higher point must one be bullish once more for the previous 115.00 target.

EUR JPY (132.60) The cross battled with tough 132.85 hurdle for much of the session yesterday. Finally in NY, it slipped briefly beyond to a 132.95 peak. The best nearby offers must therefore be spent; with the next tough hurdle some two percent higher at 135.65, we open this as the next objective. Intermediate points at 133.30/40 and at 133.95 could nevertheless make the path to higher prices a choppy one. The downside limit to the bullish scenario must be set at 131.50. Intermediate support stands at 132.20. Although it is distant, it is also worth noting a critical point to the downside at 129.60, as a break there would wreak havoc on the cross.

EUR GBP (0.6745) Although feverish UK interest rate expectations were credited with Cable’s gains yesterday, the cross was quasi-static. The near-term outlook remains unchanged as a result: in order to signal a near-term upward extension, to 0.6940, the euro must now overstep the 0.6765 mark. To the downside, it will enjoy good support at 0.6700 and at 0.6655. The latter should be considered as critical, as a violation of this threshold would trigger a fresh slide back to the low (0.6550, poor support).

GBP USD (1.7940) Following an early break above the risk-reward limit to our former bearish scenario, the Pound continued its rally onto stable territory above 1.7935. Additional gains should encounter much flimsier resistance now. Indeed, the first worthwhile points only stand at 1.8200 and at 1.8360, which we open as targets. The first support at 1.7810 must contain the downside whilst the Pound exploits its newfound stability.

AUD USD (0.7315) Yesterday’s flight back into the AUD was sufficient to drive it above the tight upside limit to our former bearish scenario. But the rally ground to a halt just ahead of 0.7330, the stabilisation point. Although we note new support points at 0.7240 and at 0.7205 now, we doubt that they will be too meaningful until a stabilisation has been secured. This means that, from the current price, the A$ could still slip back to the lows. Once the upside hurdle has been overcome, however, the most likely outcome would be a steady advance to 0.7400 and then to 0.7605.

Helsinki iw 08:37 GMT May 5, 2004 Reply   
Fwiw/ Bit disappointed with short-term price action here, we
may not see much of a retracement to buy EUR/USD. Also
being told that some trend-models buying EUR/USD yesterday
and today.

Miami OMIL (/;-> 08:33 GMT May 5, 2004 Reply   
Trader and Mark I hope they help. I don't usually post so many in such a short time. There is no secret to these numbers anyone can calculate them but with different charts there is always different results. Cheers

Minnesota Mark 08:28 GMT May 5, 2004 Reply   
Miami OMIL - The more the merrier.. Gives me a chance to see what you guys are thinking and how you arrive at some of your choices.

Singapore Trader 08:25 GMT May 5, 2004 Reply   
No worries OMIL. I find the numbers useful and I'm sure there are others who agree. This is what the forum is for. Cheers.

Miami OMIL (/;-> 08:22 GMT May 5, 2004 Reply   
Sorry if I have offended anyone by posting so many numbers here that was not my intention.

Miami OMIL (/;-> 08:19 GMT May 5, 2004 Reply   
Good resistance for eur/usd is now found around the 1.2150-70 area with daily indicators clearly pointing up I also have a midterm buy signal coming around the break of the 1.2150-70 area.
Now I will give you my rough fibo number for today if 1.2150 holds 1.2055-60, 1.2030-35 and 1.2005-10. Support is found around 1.2060-70, 1.2015-25 and 1.1960-70. Small support right now at 1.2105-10 and the bottom support is at 1.1905-15 for the moment with the T/L just under the bottom support IMHO. GL GT

singapore DG 08:18 GMT May 5, 2004 Reply   
Any ideas on cable today. thx DG

van Gecko 08:15 GMT May 5, 2004 Reply   
the Dollar breaking down to one month lows had erased a good portion of the recent gain by all of the major currency pairs..
a sub 89 USDX index will wipe-out most of the profit across the board..
some retracements can be expected after a 200+ point plunge, but a stalled US Equity market in retreat plus the Dollar below USDX 90 towards Friday this week could convert more BULL$ into BOOB$ (Bail Out On Blips..;)

Money talks.. BS do the walks..
lotsa good free reads, amusing diversional 'insanities' abound..


Tokyo Jon 08:12 GMT May 5, 2004 Reply   
I am in the traders lounge now.

Miami OMIL (/;-> 07:58 GMT May 5, 2004 Reply   
Kaunas 07:44 GMT May 5, 2004
I have not posted this layer yet because I am focusing on a possible return to 1.2450-60 level first and not a return to 1.2900 for a while that is why you see those retracement numbers. Here are the numbers for that layer I have 1.2025-35, 1.2200-10, 1.2340-50, 1.2475-85 and 1.2650-60. Key resistance for some time would probably be in the 1.2450-60 and 1.2650-60 area but again I will not focus here yet IMHO. GL GT

Weelington MO 07:53 GMT May 5, 2004 Reply   
Hi all. Found a good website with lots of free info - www.LearnForex.info - just my 0.02 worth, but it's worth a look.

Dallas GEP 07:52 GMT May 5, 2004 Reply   
Thnaks OMIL. Yeah, I think a short euro with stop above that 1.2145/55 area you mentioned should work well IMO.

Ldn 07:51 GMT May 5, 2004 Reply   
Wellington this is the best on the web for fx

Plovdiv Gotin 07:50 GMT May 5, 2004 Reply   
Yesterday $/Y Hi mates?TIA.

Plovdiv Gotin 07:50 GMT May 5, 2004 Reply   
Yesterday $/Y Hi mates?TIA.

Athens 07:49 GMT May 5, 2004 Reply   
quito_valdez at yahoo 02:25 GMT May 5, 2004
Hopefully the Athens bomber botcher blew his sadistic and worthless self(s) to smithereens in the process.

Histort shows that this place will always be visited by some big morons every now and then.

LDN SAM 07:46 GMT May 5, 2004 Reply   
Hearg US banks sells cable & buys EUR/GBP...Anybody seen it??

Kaunas 07:44 GMT May 5, 2004 Reply   
Miami OMIL (/;-> 07:37 GMT May 5, 2004

How come u ignore 38.2% fibo retracement from 1.295 - 1.176 move? (which is aroun 1.22)

Wellington 07:41 GMT May 5, 2004 Reply   
Hi all, I'm sort of new here but it's good for find a forum that's active!

Sydney alimin 07:38 GMT May 5, 2004 Reply   
that's ok dallas gep, no worries mate

Miami OMIL (/;-> 07:37 GMT May 5, 2004 Reply   
Farmacia the day is here so we will see what happens although I think we might get the real moves on Friday but what do I know about it lol. GT

Miami OMIL (/;-> 07:37 GMT May 5, 2004 Reply   
GEP (Jedi Master) stay the course and only you have that choice. I hope you are doing well with your extra load you commented about last time. BTW eur/usd tested but did not take out the next fibo in line. I have posted this numbers a week ago so I will post them again here.

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.

Dallas GEP 07:37 GMT May 5, 2004 Reply   
OOZMEEH, my tp is @ 1.2090 on 1.2140 shorts

Haifa ac 07:37 GMT May 5, 2004 Reply   
NYC Bill 03:50 GMT May 5, 2004
"...I The concept of "layering" discussed here is crapp. This is totally undisciplined trading."...//

Probably the #1 reason for losing traders. Tend to confuse Large capital accumulating and distributing over a wide range of prices--with people with limited accounts that lose control of money mgmt. It is the same as the common joke: "I bought the first break, I bought the second break... I WAS the third break".

Very difficult concept to learn. THank G-d. If everyone was making money--there would not be Risk Transfer, Hedging and THUS--NO MARKET!!!!
It all belongs to Einstein who said: "As far as I know only two things are infinite--the UNIVERSE and HUMAN STUPIDITY.... and I am not yet sure about the Universe."

hk ooozmeeh 07:34 GMT May 5, 2004 Reply   
DALLAS GEP would you be willing to share your target liquidation for your EURO shorts @ 1.2140. TIA

Ldn 07:34 GMT May 5, 2004 Reply   
German April Jobless Up Seasonally Adjusted 23,000

Dallas GEP 07:31 GMT May 5, 2004 Reply   
Sorry ALIMIN, my mistake, 1.2097 shorts closed at 1.2107. Didn't mean to snap at you.

Dallas GEP 07:27 GMT May 5, 2004 Reply   
You are right alimin, you are confused.

Dallas GEP 07:24 GMT May 5, 2004 Reply   
You are absolutely right JON, just venting my friend!!! LOL THANKS!!!!!!!

Sydney alimin 07:22 GMT May 5, 2004 Reply   
dallas gep, perhaps u mean -110 pips?or closed at 1.2007? ;) confused here mate

hk ooozmeeh 07:19 GMT May 5, 2004 Reply   
GEP what ur TP on your short euro.TIA GL/GT

Tokyo Jon 07:18 GMT May 5, 2004 Reply   
Dallas GEP, how are you, you got a lot of friends here and would not bother fighting your reputation. people just dont understand.

Dallas GEP 07:17 GMT May 5, 2004 Reply   
BTW,I closed those 1.1997 shorts earlier @ 1.2107 (-10 pips). So in effect I replaced those 1.1997 shorts with shorts @ 1.2140. All on Eur/usd

melbourne farmacia 07:10 GMT May 5, 2004 Reply   
OK SZ 02:56 GMT May 5, 2004
Like i said on my last cycle period back in March, euro could go either way regardless of what tech tools suggest.... Looking at my charts now, euro's banging near one of my lines 1.2150... next @ 1.2260 etc. So on days like this be prepared for anything and don't be surprised if Euro's at 1.2000 within 24 hours. Fwiw this is not a call, i'm flat euro and not book talking. GT

Brisbane L 07:06 GMT May 5, 2004 Reply   
RBS To Buy Charter One Financial For USD10.5bln In Cash according to reuters

Royal Bank of Scotland =RBS

KNOXVILLE TN. Dan-k 07:01 GMT May 5, 2004 Reply   
well if it was gold they might own it all, but like in the usa the fed would just turn the presses on for a few more days and make more - lots of laughs dan

Dallas GEP 06:57 GMT May 5, 2004 Reply   
picked up some euro shorts @ 1.2140

shanghai bc 06:56 GMT May 5, 2004 Reply   

Re:60%pm..With 60% pm,they will soon own all the money in the world..Then again,that chap from Lagos is still by far the best with guaranteed 80%pm..

slv sam 06:55 GMT May 5, 2004 Reply   
hk jc 06:50 GMT /
this week 108 level and 105 level this month!AIMHO.GT

Sydney alimin 06:53 GMT May 5, 2004 Reply   
hk jc, until it stops going down :) u can call BOJ to do some intervention, haven't heard them do so for quite a while

hk jc 06:50 GMT May 5, 2004 Reply   
hi,could anyone tell me until where will the yen go down further?

Helsinki iw 06:50 GMT May 5, 2004 Reply   
Fwiw/ 4hourly charts warning of overbought status on
EUR/USD now. Also bollinger resistance at 1,2170/80 and
further resistance at 1,2190/00 which could be a bit tougher
to break. So we may see some retracing soon, however the
outlook for the euro is still positive. Sold my longs out and am
hoping to reload later.IMHO

Dallas GEP 06:49 GMT May 5, 2004 Reply   
You know I don't give a shittttttt what the so called "sultan of currencies" thinks/ You couldn't trade short term to save your life. Your short term trading results are DISMAL to say the least.

slv sam 06:45 GMT May 5, 2004 Reply   
for day trade i will sell euro at 1.22 and close and reverse at 1.2130 for 1.23 level to be seen on Friday IMHO.GT

Montréal Taro 06:33 GMT May 5, 2004 Reply   
bne rk
They don't want to trade for others. They have offered a lot of money by few people and they keep refusing to do it.
Did you ever tried to trade somebody else's money ? Some people would say it is easier since it isn't your money if you lose. Some other would say it is worst, make you life harder, sleepless night.

bne rk 06:24 GMT May 5, 2004 Reply   
Montréal Taro 05:33 GMT May 5, 2004

Why bother trading yourself? Why not put your money with these 60% per month people?
GL

Montréal Taro 06:01 GMT May 5, 2004 Reply   
Orlando Soft Ace
I aggree with you, it is not funny. All your numbers were calculated as they were not taking any money out of their account. So the numbers you showed are huge.

Who they are, well they are not known persons, their names wouldn't tell you anything. They do not trade for others or give course either. They wouldn't appreciate if I make them publicity. I knew I shouldn't post the real %, my mistake.

Tallinn viies 05:57 GMT May 5, 2004 Reply   
Montréal Taro 05:52 GMT - no no, he is a smart guy but doesnt look to me as a seriously experienced in FX. more like self educated guy who has got this all trough hard work n pain.

yes most valuable part is psychology. had chance to participate his seminar about trading psychology. after started to make some money finally :)

Montréal Taro 05:52 GMT May 5, 2004 Reply   
Tallinn viies 05:43 GMT May 5, 2004
"Im still wondering how come such guy have written such a good book"
What do you mean by that ? He is not smart enough to write a book like that ?

I do not use his stuff for my system. But I use his guideline a lot as far as psychology goes.

Orlando Soft Ace 05:51 GMT May 5, 2004 Reply   
Montréal Taro 05:33 GMT May 5, 2004
who are trading and living from it for more than 5 years now. They average more than 60% returns per months.

---

60% per month compounded over 1 year is about 28000%
A modest $10,000 would be turned into $2.8 mil in 1 year
$784 mil 1 more year later… not funny…

Tallinn viies 05:43 GMT May 5, 2004 Reply   
Montréal Taro 05:33 - I admit have read Elder´s book at least 3 times or more. most of my system comes from there. basic of it comes from the idea that inside the picture there is smaller picture and inside the smaller pictuer there is again smaller picture...

as this guy left Estonia and emigrated to US in late 70s I was eager to met him to see how he is doing. couple of years ago I vistited him in NYC, stayed in his place and Im still wondering how come such guy have written such a good book. I love the most this part where he is talking about AA and loosing money. excellent book!

Montréal Taro 05:33 GMT May 5, 2004 Reply   
jk, I first learn technical analysis from Market Trader Institute, I read Alexander Elder's book "trading for a living", I learned some more from website on the internet, then I met 2 persons in Montreal who are trading and living from it for more than 5 years now. They average more than 60% returns per months.

The turnaround point for me was the book of Mr. Elder. With my background, wich is not spectacular, I builded my own system, I think it is hard to follow somebody else's system.

Don't get me wrong, your advice was good, but if Gep is making money his way, money is all matters.

st. pete islander 05:16 GMT May 5, 2004 Reply   
Welcome, OMIL. Keep in touch. GL

Miami OMIL (/;-> 05:15 GMT May 5, 2004 Reply   
Islander thanks for the help I appreciated. GT

Brisbane L 05:12 GMT May 5, 2004 Reply   
toronto Dr Unken Kat I am talking about IFR. by the way

KNOXVILLE TN. Dan-k 05:10 GMT May 5, 2004 Reply   
well ill secound that is the news reliaible on the aud

Brisbane L 05:10 GMT May 5, 2004 Reply   
toronto Dr Unken Kat
I think they have to have a certain amount for the fees they charge , but feel their analysts are a bit iffy - they wouldnt be in business if they put out incorrect info deliberately without checking it - I would hope

st. pete islander 05:09 GMT May 5, 2004 Reply   
NYC jk, Hat's off to you. You're giving good advise. But, the old lead a horse to water .... applies here. gt

)toronto Dr Unken Kat 05:01 GMT May 5, 2004 Reply   
brisbane , how reliable are these news ? was it wire?

Brisbane L 04:58 GMT May 5, 2004 Reply   
report talk of a local Australian corporate
and an aggressive Asian central bank asking around for a price on Aud presumably sell,the central bank might have also sold EUR/USD in the past half-hour.

Rivonia PipPirate 04:57 GMT May 5, 2004 Reply   
LA SID 04:20 GMT Thx for the response and GT's.

st. pete islander 04:51 GMT May 5, 2004 Reply   
OMIL back at you. GL

Chicago Irish 04:45 GMT May 5, 2004 Reply   
LA Sid. Don't hold your breath on that one :-)

nyc jk 04:36 GMT May 5, 2004 Reply   
Taro, I am glad to hear you follow yourself only as that is who is responsible for your trades. But how do you / did you learn to trade though? You say you learn from people who succeeded, like who - a person on an anonymous web forum? Why not read some good books and find out the philosophies and strategies of successful traders with verifiable track records to help develop your own style? Have a good night.

KNOXVILLE TN. Dan-k 04:36 GMT May 5, 2004 Reply   
well not looking for love here just reasonable opnions on trading, such as any opnions on the aud/usd for a short ?

chester wb 04:33 GMT May 5, 2004 Reply   
euro>2109>2100>2081>2064

chester wb 04:27 GMT May 5, 2004 Reply   
think of it like this: nobody loves you but your mother and she could be jiving too

Miami OMIL (/;-> 04:23 GMT May 5, 2004 Reply   
Just got it Islander thanks, go ahead and send me the rest I am all ears and eyes lol.

Montréal Taro 04:22 GMT May 5, 2004 Reply   
jk, even if you told me your position on euro or anything else, I wouldn't follow it without checking your past calls for a month to see if you are trustable. It doesn't matter to me if you were following some legendary guy or what all books are saying, what matters to me is the results. Don't take it in a bad way, I follow Gep's post for a month before to thrust him and I still don't follow him.

I follow myself, myself only. When I notice somebody with a good record, if I have something to ask, I ask him. To me if you gotta learn something, better learn it from somebody who succeed.

KNOXVILLE TN. Dan-k 04:20 GMT May 5, 2004 Reply   
any opnions on the aud/usd for a short here

LA SID 04:20 GMT May 5, 2004 Reply   
Rivonia, I don't want to put words in your mouth but you probably meant where I thought GBP was overbought since it has been rallying for a few days now. Look for the eur/gbp for clues as I'd expect some nice profit taking in this cross over the next 24 hours back below .6700, especially if we continue to hold below .6750-55. I got short-term Bband support in gbp at 1.7960 that need to give way for a test of forst fibo support at 1.7898. 1.8150 remains the topside objective as long as we hold above 1.7960 in GBP.......I'm short some eur/gbp here with stop at .6782 for sub .6650 by weeks' end. Rather play GBP on the cross at moment. I know I'm no Dallas but I hope that helped you just a little bit. And make no mistake, I am looking forward to Market Wizards 3 with Dallas on the cover!!! Wizards have always been good with illusions!!

st. pete islander 04:18 GMT May 5, 2004 Reply   
OK, OMIL coming at you in 30 seconds. Let me know.

Miami OMIL (/;-> 04:14 GMT May 5, 2004 Reply   
st. pete islander 02:24 GMT May 5, 2004
I did not receive you email try again thanks

lon 04:10 GMT May 5, 2004 Reply   
I read recently that a particular trader would cut his losses quick if his maximum position was not going in his direction within a short time. sound advice. I mean, if you had a small position you would be tempted to let it run until it came back your way. however, with your maximum on, would you employ the same pyscology? definitely not. so whether you have your minimum or maximum on, its always best to cut your losses early. good and consistent habits lead to successful trading.

nyc jk 04:05 GMT May 5, 2004 Reply   
Taro, one more point, I though I was concentrating on helping. I just told you the name of an excellent book and the name of a trader with one of the best all time track records ever, who you had never heard of. I guess it would be more valuable to you if I told you what my current EUR position is though.........

Montréal Taro 04:03 GMT May 5, 2004 Reply   
Bill, I see your point, I don't layer my positions. But does that mean that nobody can do it and succeed ? Is there only one way out there ? Every traders who are succesfull use the same method ? That's what I meant. If you make money by doing something nobody else would do don't make you a bad trader. Since you make money.

nyc jk 03:59 GMT May 5, 2004 Reply   
Taro - I lose money on plenty of trades believe me. I was not attacking GEP at all for losing money on a trade, I would never do that. I did take issue with a generalization that he made with regard to risk management, and I pointed out what I believe to be a better way instead. Bill, you make some good points, thanks for restoring some sanity here.

Montréal Taro 03:53 GMT May 5, 2004 Reply   
jk
I don't follow anyone, I don't even know who is that legendary guy you referencing to, I don't defend Gep either, and I'm not attacking you.
Gep posts his calls, and where are yours ? Even if your call were wrong I don't think anybody should attack you. If you do trade, you lose some for sure. So I am, so is Gep.
I think people on the forum should concentrate their effort on helping each other instead of showing themself as better than others.
I'm writting this, I have time to lose I guess, Gep is the smarter one of us, he doesn't care.

Rivonia PipPirate 03:53 GMT May 5, 2004 Reply   
LA SID 03:32 Could you tell us where GBP/USD is oversold today and why it is stalling here, t hanks in adv.

OK SZ 03:50 GMT May 5, 2004 Reply   
I make my own decisions on my trades..no time for this..gl, gt all see ya at london open

NYC Bill 03:50 GMT May 5, 2004 Reply   
I have had the privilage of watching some of the best prop traders in the world. Rarely, did they "double up to catch up", like some of the 'EXPERIENCED' swinging guns here do. Once in a while, fearing they might miss the move they were looking for, they would hit a bid or take an offer prior to their optimum level. Then if it went to their level, they would throw the balance on. The concept of "layering" discussed here is crapp. This is totally undisciplined trading. Also, these sharp prop traders could be up a half a million on a position, and no one would know it. They didn't BRAG, or pretend to be something they were not yet. Then again, I'm just a NEWBIE!

Tokyo Hakuna Matata 03:49 GMT May 5, 2004 Reply   
think sz means any day of the weekEND..

nyc jk 03:48 GMT May 5, 2004 Reply   
are you serious SZ or is that a joke?

OK SZ 03:47 GMT May 5, 2004 Reply   
jk, with all do respect I would put my money on these guru's any day of the week..

nyc jk 03:43 GMT May 5, 2004 Reply   
Taro, there is a little thing called "risk" and "risk of ruin" to contend with as well.... silly me for thinking advice from Ed Seykota may be helpful to mention. please just ignore it and get your trading wisdom from the gurus here instead, cheers.

Montréal Taro 03:38 GMT May 5, 2004 Reply   
nyc jk ,Dallas GEP
What makes a good trader is simply a trader who can make a living from his gain on a constant basis. In this trade $$$ is everything. There is a lot of road going to Rome...

On the other hand, what works for one, might not work for others.
Nobody has THE truth.

Montréal Taro 03:38 GMT May 5, 2004 Reply   
nyc jk ,Dallas GEP
What makes a good trader is simply a trader who can make a living from his gain on a constant basis. In this trade $$$ is everything. There is a lot of road going to Rome...

On the other hand, what works for one, might not work for others.
Nobody has THE truth.

chester wb 03:37 GMT May 5, 2004 Reply   
shorted euro @ 1.2130 t/p 1.2065

LA SID 03:32 GMT May 5, 2004 Reply   
Dallas, ya might lose everything else but you will never lose t hat modesty!!

USA Biscuit Boy 03:30 GMT May 5, 2004 Reply   
Seems his timing was spot on this time JMI but I don't have access to his daily analysis so I can't comment on him flip flopping this week. His medium term views from my experience are very good.

nyc jk 03:27 GMT May 5, 2004 Reply   
Dallas GEP 01:45 GMT May 5, 2004
...What makes you a good trader vs. a bad trader is one's ability to recover from a possie that turns against you. When it is necessary I can do that recovery much BETTER than most quite frankly....

GEP, with all due respect, that doesn't make you a good trader. The legendary Ed Seykota was asked in Market Wizards what the elements of good trading were. His reply , "1. Cutting losses 2. Cutting losses 3. Cutting losses". Trying to do a "recovery" by averaging losers is what led to disaster for Nick Leeson, Long Term Capital, etc etc.

Chicago JMI 03:24 GMT May 5, 2004 Reply   
McKegg has changed his view on euro 3 times in the last week. I think he is wrong about this one as his timing is usually off.

OK SZ 03:13 GMT May 5, 2004 Reply   
Biscuit, that sounds good to me..on your side with current position hoping to find a spot to jump in at..gl, gt

quito_valdez at yahoo 03:08 GMT May 5, 2004 Reply   
Right..got it from Google. I downloaded the demo...variable spreads tho...iffy and demo was extremely heavy and besides I got a blank browser screen in my PC for the demo.

USA Biscuit Boy 03:05 GMT May 5, 2004 Reply   
Haven't made a dime since last Thursday but luckily haven't lost a dime either. Have to wait now for a good entry long or short but prefer to sell USD on rallies for the rest of this week.

Chicago YM 03:04 GMT May 5, 2004 Reply   
Thanks Biscuit Boy

OK SZ 03:02 GMT May 5, 2004 Reply   
Biscuit Boy, thanks I will head there..hope your doing well

USA Biscuit Boy 03:00 GMT May 5, 2004 Reply   
SZ on the new GVI analysis checkout "EURO/USD - Trend Reversal" by Max Mckegg. He is normally spot on.

OK SZ 02:59 GMT May 5, 2004 Reply   
quito see biscuits last post

quito_valdez at yahoo 02:58 GMT May 5, 2004 Reply   
I have 5 pip spread aud/usd. Again, mine = highest. Lucky it's demo...must shop. Email plz Bisquit with your platform, forgot what u said you used.

The reason we can't discuss brokers on GV is look at the advertisers here..offend 1 or 2 & GVI loses a sponser(s), truth or no truth. I'd love to see a "consumer reports" on brokers...anyone have a clue as to where online if any? There is a very wide variance often conflicting in what people say who's good and who isn't. Anyone wanna start one in Latin Am. with me?

OK SZ 02:56 GMT May 5, 2004 Reply   
I remember last week farmacia mentioning that may 5th was a big day so I will be prepared probably for a bigger $ sell off coming is my hunch..but will see..farmacia if your here any thoughts?

USA Biscuit Boy 02:53 GMT May 5, 2004 Reply   
Type "continuous interest rates" in google.

OK SZ 02:53 GMT May 5, 2004 Reply   
for euro I will wait for either a higher selling opportunity or a lower buying opp at this time..

GEP, did you a track last week?

OK SZ 02:50 GMT May 5, 2004 Reply   
ym, sorry cannot post there forgot..you will have to email

OK SZ 02:47 GMT May 5, 2004 Reply   
ym go to the help forum..it will be there

Chicago YM 02:45 GMT May 5, 2004 Reply   
Could you email me the answer Biscuit?

USA Biscuit Boy 02:43 GMT May 5, 2004 Reply   
Not allowed to comment on that here YM. Maybe try a synthetic cross with this pair you may come out ahead but not as convenient.

Dallas GEP 02:40 GMT May 5, 2004 Reply   
Valdez, the pairs that are traded less frequently will have a larger spread because the market has more volatility in the market or price variation between the market makers. EUR/AUD on my platform carries a 10 pip spread.

Chicago YM 02:38 GMT May 5, 2004 Reply   
Biscuit what platform are you on?

USA Biscuit Boy 02:36 GMT May 5, 2004 Reply   
Valdez I have 10 pips with 2 pip spreads on eur/usd and aud/usd.

quito_valdez at yahoo 02:31 GMT May 5, 2004 Reply   
Is it a normal spread for EUR/AUD for 12 freeking pips? Seems like a LOT. c m s. Sure can't pip raid like that.

USA Biscuit Boy 02:28 GMT May 5, 2004 Reply   
Dallas GEP 01:45 GMT May 5, 2004

Had to take a small loss on my AUD/USD short position as well mate. Luckily took advantage of the dip after RBA rate decision to get out. Problem is cable will be supported as market is expecting rate hike so looks like dollar could stay soft until Thursday.

hk ab nz 0.65 in 3 months 02:28 GMT May 5, 2004 Reply   
small short aud/jpy 80.

sg tpe 02:25 GMT May 5, 2004 Reply   
Mr Jon,

Any advice on chf and cad. usdcad seems holding well
thanks

quito_valdez at yahoo 02:25 GMT May 5, 2004 Reply   
Hopefully the Athens bomber botcher blew his sadistic and worthless self(s) to smithereens in the process. I see any Europe attack as EUR neg, USD pos. But U know this nutzo mkt. i.e today AGAIN. The Olympics should tell if Europe is prepared to handle the fanatics or if the fanatics are prepared to handle Europe. Maybe turn Brit hooligans & yankee rednecks (I resemble that remark) lose on the fanatics, maybe funner than the Olympics! ~;-> ROFL

st. pete islander 02:24 GMT May 5, 2004 Reply   
OMIL .... you have mail!

Dallas GEP 02:23 GMT May 5, 2004 Reply   
No ML, I never really feel I am the punching bag because a bag doesn't pucnch you back but I certainly will!!! LOL I never take any of it personally anyway so WTF. Stress can make people (anyone for that matter) lash out sometimes in frustation and anger but that only affects your ability to make good decisions IMO.

hk ab nz 0.65 in 3 months 02:14 GMT May 5, 2004 Reply   
sp, may try a limit sell on aud/nzd 1.1590 with s/l 1.1638.

Ldn 02:14 GMT May 5, 2004 Reply   
ATHENS, Greece (AP)--Three bombs exploded outside a police station Wednesday, but there were no reports of injuries, authorities said.

The pre-dawn blasts, which occurred over the span of 26 minutes, came before ceremonies to mark 100 days left until the Aug. 13-29 Olympics. An anonymous caller to an Athens newspaper warned of the attacks in advance, but gave no motive or claim of responsibility.

Police believe the bombs were intended to claim victims.

Tokyo Jon 02:10 GMT May 5, 2004 Reply   
Eurusd(1.2135) Daily probable range
High: 1.2175
Low: 1.1962
Close: 1.2098
Buying pressure reference point is at 1.1954, variation of -20/+34 giving first focal point at 1.1933 and second point at 1.1988.
Selling pressure reference point is at 1.2120, variation of -20/+34 which gives us third focal point at 1.2100 and fourth point at 1.2154

ICT ML 02:09 GMT May 5, 2004 Reply   
GEPSTER...whats up friend? you the designated punching bag again today?

Took a few days off of trading, looks like I missed a good breakout move on cable, oh well, we'll see what looks good in London time.

)toronto Dr Unken Kat 02:06 GMT May 5, 2004 Reply   
immediate terget for aud is 7350 i think , basin shape like on 30min

Eilat Dolphin 02:03 GMT May 5, 2004 Reply   
Sky News says the police got phone warning prior... nothing else known.fwiw

Brisbane L 01:58 GMT May 5, 2004 Reply   
News on Fox from Reuters bombs hit a police station no more news yet

Singapore Bandito/Pilot 01:57 GMT May 5, 2004 Reply   
option protection at 1.2200 from Russian guy .....China sellers at 1.2170 80 as well...these guys been long since 1.1800..
Bids down at 1.2080...so looks like we might be stuck in 1.2100 1.2200 range for time being

Eilat Dolphin 01:55 GMT May 5, 2004 Reply   
The lousy but fast sky news says one (of three) of the blasts at Athens police station. Nothing else known.

Ldn 01:54 GMT May 5, 2004 Reply   
Shorting AUD still best China-slowdown trade according to Morgan Stanley's chief currency economist Stephen Jen. Says AUD/USD still overvalued, median fair value 0.6400. Expects pair to sell down to this as commodities struggling, structural USD weakness may be in final stage -reuters news

quito_valdez at yahoo 01:50 GMT May 5, 2004 Reply   
Right GEP// I follow U 100% on all points. Besides, one can compensate a possie going sour with a reverse move (hedge - at least w/ my platform) flip a surprise attack and actually make $$ at it even tho the orig. possie loses it's butt. I love that option. Just did it, bailed myself out.

Dallas GEP 01:49 GMT May 5, 2004 Reply   
I will take another layer of shorts with a tight stop @ 1.2140 on EUR/USD. USD/CHF should bounce @ 1,2750.

hk ab nz 0.65 in 3 months 01:47 GMT May 5, 2004 Reply   
anyone have yen in the mind?
I think today is a yen day.

ultimate target at 104.xx.

Dallas GEP 01:45 GMT May 5, 2004 Reply   
Closed those aussie shorts @ .7325 for a 15 pip loss. No this doesn't look right as far as USD being sold off at this time. What makes you a good trader vs. a bad trader is one's ability to recover from a possie that turns against you. When it is necessary I can do that recovery much BETTER than most quite frankly. I get a little miffed I see posts alluding to the fact that I am in trouble perhaps with one of the positions I posted that DOESN'T go my way. I am very rarely in trouble and when I am I WILL find a way out. I wish I was as perfect in my calls as some others who never post their postions would have you to believe THEY are.

quito_valdez at yahoo 01:43 GMT May 5, 2004 Reply   
Chicago JMI 01:17//
Agreed: this is a pure set up for a juicy short eur/usd. Right now USD seems like a bargain buy. Ain't no way where a weak Europe and strong USA can sustain this hype much longer on this leg it seems, knee jerk reaction or not. Look at 10 yr. chart & 5 yr. chart, eur/usd is due for another big up leg...looong city. This soon to come big short therefore could be the start of a 1 year looong period before finishing the 10 year cycle. What's your take on this long term outlook fellas?

Eilat Dolphin 01:43 GMT May 5, 2004 Reply   
THREE BOMBS IN CENTRAL ATHENS

hk ab nz 0.65 in 3 months 01:43 GMT May 5, 2004 Reply   
sp// BBA!

sgp sp 01:39 GMT May 5, 2004 Reply   
yup....surprised myself too. :) have a tiny usd/chf long from 1.2790....

hk ab nz 0.65 in 3 months 01:39 GMT May 5, 2004 Reply   
bc// seems the move to 1.35+ dlr/chf can be waived now for these few months.

hk ab nz 0.65 in 3 months 01:36 GMT May 5, 2004 Reply   
morning sp, u wake up pretty early.

sgp sp 01:34 GMT May 5, 2004 Reply   
good morning ab....:)

(city)toronto Dr Unken Kat 01:31 GMT May 5, 2004 Reply   
looks like the cable s move has been contained by the resst line on daily , reversal time

Brisbane L 01:31 GMT May 5, 2004 Reply   
Australian Mar Residential Bldg Approvals -4.4% On Mo

nyc jk 01:21 GMT May 5, 2004 Reply   
Tohru, I agree I was just being facetious. Why did you ask if you should average 200 pips higher if you know it is a dumb idea?

hk ab nz 0.65 in 3 months 01:18 GMT May 5, 2004 Reply   
farmacia, I have dlr/chf 1.2630, channel bottom. + 2 more days for my patience on this dlr/chf.

Chicago JMI 01:17 GMT May 5, 2004 Reply   
quito,
I think euro is going to short big time pretty soon, and tomorrow is a fib reversal day. We shall see.

nyc sa 01:16 GMT May 5, 2004 Reply   
Farmacia , or anyone trading this pair , could u please give ur view on USD/CHF ? how low can it go in this move down ? Could we see 1.2560 soon ? thnx

Ldn 01:11 GMT May 5, 2004 Reply   
AU: Mar Building Approvals To Fall 5% Poll

Tokyo Tohru 01:10 GMT May 5, 2004 Reply   
nyc jk 01:05 GMT May 5, 2004

That is fine if one is paper trading.

Gen dk 01:08 GMT May 5, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

quito_valdez at yahoo 01:08 GMT May 5, 2004 Reply   
Boy oh boy GEP you sure nailed this one...they're STILL selling USD when I figured they'd be buying it! Could the USA be doing this manipulating or who? Someone's setting this EUR/USD chart up for a mosterous short = 5+ big numbers. Are we at the proverbial turning point to approach as some predict 1.30+? What think ye?

nyc jk 01:05 GMT May 5, 2004 Reply   
tohru - just keep averaging losers, the market always comes back..........

quito_valdez at yahoo 00:58 GMT May 5, 2004 Reply   
So what did the eur/usd spike...GEP buying Euros again? LOL

KL KL 00:57 GMT May 5, 2004 Reply   
GEP, what is your view on cable?? you holding any possie?? TIA

Tokyo Tohru 00:53 GMT May 5, 2004 Reply   
Dallas GEP 22:22 GMT May 4, 2004

Where is your stop on the 1.2097? Is this the position one would add to when its 200 points higher?

melbourne farmacia 00:50 GMT May 5, 2004 Reply   
Dallas GEP - I think we can both play aussie with a result, just allow me 30 first.

ab - just need some time, and i'll be back to you.

Melbourne DC 00:46 GMT May 5, 2004 Reply   
anyone having problem access ifrmarkets website? TIA

)toronto Dr Unken Katt 00:29 GMT May 5, 2004 Reply   
even nostradamus has moved from range to long signal (AUD)

)toronto( Dr Unken Kat 00:24 GMT May 5, 2004 Reply   
so does AUD

Brisbane L 00:20 GMT May 5, 2004 Reply   
Dallas GEP Australia housing data out 11.30AEST which may be a deciding factor in the direction of the Aussie later today , a dip is expected

hk ab nz 0.65 in 3 months 00:15 GMT May 5, 2004 Reply   
farmacia, nt and I are quite interested in nzd longs on ONE retreat.

hope that sth can give us a good level today.

The dlr/cad is quite supported by crosses.

nyc sa 00:14 GMT May 5, 2004 Reply   
Athens , if u r still around could u please give ur view on $/chf ?

Dallas GEP 00:13 GMT May 5, 2004 Reply   
Well Farmacia, I am not sure on that one I am short from .7310 but there does appear Strangely to me it seems. some more usd selling going on.

Dallas GEP 00:10 GMT May 5, 2004 Reply   
THANKS Athens. Dr. KAT

melbourne farmacia 00:08 GMT May 5, 2004 Reply   
Good morning - nice momentum moves overnight, wonder if Aus/Usd will hit my t/p level 0.7330 today ( 236% of 8003 - 7123 ) GT

 




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Are you looking for your first broker or do you need of a new one? There are more critical things to consider than you might have thought.

We were trading long before there were online brokers. Global-View has been directly involved with the industry since its infancy. We've seen everything and are up-to-data with recent regulatory changes.

Our Best Brokers listing section includes:Forex Broker Reviews, Forex Broker Directory, Forex Broker Comparisons and advice on How to Choose a Forex Broker

If would like guidance, advice, or have any concerns at all ASK US. We are here to help you.

SEE Our Best Brokers List

Currency Trading Tools

  • Live rates, currency news, fx charts. 

  • Research reports and currency forecasts.

  • Foreign Exchange database and history.

  • Weekly economic calendar.

Directory of  Forex trading tools

 
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Forex Forum

The Global-View Forex Forum is the hub for currency trading on the web. Founded in 1996, it was the original forex forum and is still the place where forex traders around the globe come 24/7 looking for currency trading ideas, breaking forex news, fx trading rumors, fx flows and more. This is where you can find a full suite of forex trading tools, including a complete fx database, forex chart points, live currency rates, and live fx charts. In addition, there is a forex brokers directory where you can compare forex brokers. There is also a forex brokers hotline where you can ask for help choosing a forex broker that meets your individual fx trading needs. Interact on the same venue to discuss forex trading.

Forex News

The forex forum is where traders come to discuss the forex market. It is one of the few places where forex traders of all levels of experience, from novice to professionals, interact on the same venue to discuss forex trading. There is also the GVI Forex, which is a private subscription service where professional and experienced currency traders meet in a private forex forum. it is like a virtual forex trading room. This is open to forex traders of all levels of experience to view but only experienced currency tradingprofessionals can post.

Currency Trading

Currency trading charts are updated daily using the forex trading ranges posted in the Global-View forex database. You will also find technical indicators on the fx trading charts, e.g. moving averages for currencies such as the EURUSD. This is another forex trading tool provided by Global-View.com.

Forex Brokers

The forex database can be used to access high, low, close daily forex ranges for key currency pairs, such as the EURUSD, USDJPY, USDCHF, GBPUSD, USDCAD, AUD, NZD and major crosses, including EURJPY, EURGBP, EURCHF, GBPJPY, GBPCHF and CHFJPY. Data for these currency trading pairs dating back to January 1, 1999 can be downloaded to an Excel spreadsheet.

Forex Trading

Forex chart points are in a currency trading table that includes; latest fx tradinghigh-low-close range, Bollinger Bands, Fibonacci retracement levels, daily forex pivot points support and resistance levels, average daily forex range, MACD for the different currency trading pairs. You can look on the forex forum for updates when one of the fx trading tools is updated.

FX Trading

Global-View also offers a full fx trading chart gallery that includes fx pairs, such as the EURUSD, commodities, stocks and bonds. In a fx trading world where markets are integrated, the chart gallery is a valuable trading tool. Look for updates on the Forex Forum when the chart gallery is updated.

Forex Blog

Global-View.com also offers a forex blog, where articles of interest for currency trading are posted throughout the day. The forex blog articles come from outside sources, including forex brokers research as well as from the professionals at Global-View.com. This forex blog includes the Daily Forex View, Market Chatter and technical forex blog updates. In additional to its real time forex forum, there are also Member Forums available for more in depth forex trading discussions.

 

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