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Forex Forum Archive for 05/11/2004

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Ldn 23:52 GMT May 11, 2004 Reply   
Dollar May Fall as Analysts Say Gains This Week Already Reflect Rate View
LINK

Dublin CK 23:31 GMT May 11, 2004 Reply   
Irish,

I wish but only in my dreams, unfortunately. Maybe one of those unemployed czech girls.

Chicago Irish 23:26 GMT May 11, 2004 Reply   
CK:With the bean cheile no doubt :-)

Dublin CK 23:22 GMT May 11, 2004 Reply   
Slan Leat, im off to my leaba for some kip.

Sydney gvm 23:22 GMT May 11, 2004 Reply   
Gold Coast martin does today's move in CL negate your view re: oil @ $35 in the short term? TIA

Hong Kong Qindex 23:21 GMT May 11, 2004 Reply   
Dublin CK 22:39 GMT - Good morning! This is a consolidation period and could be very confusing.

Dublin CK 23:21 GMT May 11, 2004 Reply   
Sorry, should say

"I dont know whether..."

Chicago Irish 23:21 GMT May 11, 2004 Reply   
It was too easy to pass up CK. Slan go foill!

Dublin CK 23:19 GMT May 11, 2004 Reply   
Irish,

Haha

I dont whether to laugh or cry at that joke. Reading that article im convinced the customs gardai were in on the act, either getting a kick back from the brothels or getting some freebie's. 24 hrs to get through a check point...........

Chicago Irish 23:12 GMT May 11, 2004 Reply   
CK:It must be a difficult business because the Czechs keep bouncing....

Dublin CK 23:09 GMT May 11, 2004 Reply   
This is not quite Forex, but its a funny article to read before trading starts to move again.

Not all jobs are safe in new EU member states

Brisbane L 23:04 GMT May 11, 2004 Reply   
Long Aud 6980

Brisbane L 23:02 GMT May 11, 2004 Reply   
NZ ECON: Mar Qtr Unemployment Drops To 16-year Low Of 4.3%

shanghai bc 23:02 GMT May 11, 2004 Reply   

Usd/Chf, in general,leads Dollar's move across the board..If it cannot stay above 1.30,not even a day,it says a lot about Dollar's inner strength and where the long-term money is putting down their bets..Yen crosses have moved market this way and that way for a month,but Yen is at best a supporting actor,not the leading actor,in forex theatre..Fwiw..

Ldn 22:49 GMT May 11, 2004 Reply   
Traders feel that a break to the upside is more likely
in the immediate-term. The ZAR strengthened again overnight and the gold price has stabilized. The word from the leveraged fund community is that the AUD/USD probably has moved low enough recently to make playing off the short side a risky proposition. There are sellers lined up around 0.6990 but a move above that level could see a pop towards fibo
resistance around 0.7025
. Extracts from IFR this morning

hk ab nzd 0.65 22:41 GMT May 11, 2004 Reply   
oilman, the 4x.xx crude save the eur?

Bahrain KZ 22:40 GMT May 11, 2004 Reply   
what do you guys think of these levels? for swing
Currency Short Long
EURUSD 1.2494 1.1799
USDJPY 112.96 107.00
GBPUSD 1.8367 1.7394
USDCHF 1.3041 1.2338
EURCHF 1.5645 1.5277
AUDUSD 0.7484 0.6935
USDCAD 1.4128 1.3503
NZDUSD 0.6528 0.6056
EURGBP 0.6951 0.6632
EURJPY 137.71 130.04
GBPJPY 201.18 193.13
CHFJPY 89.12 83.91
GBPCHF 2.3333 2.2203
EURAUD 1.7360 1.6339
EURCAD 1.7349 1.6209
AUDCAD 1.0230 0.9697
AUDJPY 81.08 77.80

Dublin CK 22:39 GMT May 11, 2004 Reply   
Dr Q,

Gracias once again for your analysis, your virtual big magnate has finally nudged the USD/JPY & GBP/JPY down in the right direction.

Bahrain KZ 22:38 GMT May 11, 2004 Reply   
AUSCAD..Sorry.. :)

Bahrain KZ 22:37 GMT May 11, 2004 Reply   
UASCAD..is a Buy?..Here?
Anyone ..please!

LAX-LGB SNP 22:27 GMT May 11, 2004 Reply   
ML
thats just the odds against us ... can't get it right all the time
the only winner in fx is the one who loses the least
p.s. chk out the HF

Hong Kong Qindex 22:15 GMT May 11, 2004 Reply   
GBP/JPY : Heading Towards 196.71.

ICT ML 21:46 GMT May 11, 2004 Reply   
LAX-LGB SNP 20:11 GMT May 11, 2004

Don't worry Sapan.....I get to wear the "Dumbazzz" hat now, for some reason I had uncontrollable urges to keep selling eur-gbp and buying into gbp-jpy at 202.........then when it all started killing me, I closed out all 6 trades..including the short Gbp-Usd and Aud-USD...which promptly made new YTD lows without me....

oh well....still up a good chunk YTD....just not as much as before Fridays fiasco.

Vienna GD 21:20 GMT May 11, 2004 Reply   
Daniel: thx (censored-software doesn't offer that feature)

Miami OMIL (/;-> 21:18 GMT May 11, 2004 Reply   
I am there ML

Miami OMIL (/;-> 21:17 GMT May 11, 2004 Reply   
Sorry I meant to say moving stops to protect profit instead of adding position on my last post.

ICT ML 21:17 GMT May 11, 2004 Reply   
OMIL......help forum please

Normandy Nick 21:16 GMT May 11, 2004 Reply   
OMIL, SNP, London. Thanx for your posts. I was away...

Miami OMIL (/;-> 21:12 GMT May 11, 2004 Reply   
SNP hope you are doing well buddy like I said before this is a contra intraday buy signal on eur/usd. Just looking to see what scraps I can get out of it with a tight stop and looking to add position after the 1.1900-10 resistance is taken out IMO. GL GT

Nottingham Daniel 21:09 GMT May 11, 2004 Reply   
Vienna GD 21:05 GMT May 11, 2004

Ask your F/Institution if you use one, I have a live desk so I can see it as it comes up -

Vienna GD 21:05 GMT May 11, 2004 Reply   
Daniel: please where can I get that information ... bids @ etc.

GVI john 20:58 GMT May 11, 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/$ 1.1870…$/yen 113.15
DJIA 10,019, +29 pts NASDAQ 1,931, +35 pts
10-yr 4.75%, -3 bp’s
PERSONAL OPINIONS:
For a broad range of opening levels click on “GVI’s Market Tracker”:
CLICK HERE

SEE TEXT ON GVI

Nottingham Daniel 20:52 GMT May 11, 2004 Reply   
Bids CHF @ 1.3000
Bids @ 1.1800 Euro$ asian buyer

Gen dk 20:52 GMT May 11, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Gen dk 20:52 GMT May 11, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

CAIRO AG 20:47 GMT May 11, 2004 Reply   
DID ANYONE NOTICE that it became NORMAL for the last TWO WEEKS that EurGbp is playing a nice 70-90 pips DAILY most of the days??!!!

Tallinn viies 20:39 GMT May 11, 2004 Reply   
leaving sell oda to 1,1909 and going to sleep. cu tom

LAX-LGB SNP 20:11 GMT May 11, 2004 Reply   
Normandy Nick 18:51 GMT May 11, 2004
Miami OMIL (/;-> 18:42 GMT May 11, 2004

only reason to buy EURUSD but only coz USDCHF has probed 1.30+ and found zilch
plus price is still above old support @ 1.1785

GBPUSD has broken below 1.7675, GBPCHF used 2.32+ to launch its dive so i'm not too happy and ought to step aside if i want to retain last week's gains ;-)

LAhore RK 19:58 GMT May 11, 2004 Reply   
Hello Forum

Any thoughts on the USDCHF pair for next 24 hours ( i think 12930* and 1.2845 and on the upside 13060 >> 131.30* and 13185 **)
TIa

GL/GT

Rivonia PipPirate 19:42 GMT May 11, 2004 Reply   
jhb sa Hi, you have been away for a long time! Missed a lot of action. GL with your traditional evening Euro short. Off to bed for me, been a long day.
Was thinking of new name for UAE OIL MAN >> UAE 40$/B MAN

london 19:40 GMT May 11, 2004 Reply   
Normandy Nick 17:44 GMT May 11, 2004 a failed daily USD/CHF buy fartal is a good sell fractal. good odds for 1.27 to print again this week.

jhb sa 19:16 GMT May 11, 2004 Reply   
Yebo . Houston Dove....Rivonia Pip Pirate...nice to talk...AISH...some SA boys still around!!! No I don't think they got game farms!!!GL GT. Me, got burned by a croud in Greece, but back now & been short EUR/USD for a while.Looking for 1/1 ....am I 2 optimistic?

Saudi newbie 19:12 GMT May 11, 2004 Reply   
I thought crude is fixed to dollar. I mean all the currency in the middle east is fixed to dollars so high crude price=strong dollar?

Nottingham Daniel 19:09 GMT May 11, 2004 Reply   
The rally in oil back toward $40/bbl helped cool the dollar, prompting dealers to cover unproductive EUR/USD shorts. Uncertain fallout over the al-Qaida atrocity in Iraq, beheading an American contractor has prompted some squaring as
well. 1.1890/1.1900 is firm resistance on rallies with a move above likely signaling a short-term base is in place. 1.1840 is support now on dips

Oakland Daimyo 19:05 GMT May 11, 2004 Reply   
Normandy Nick--BTW--doji is the correct name for christian crosses on the candle chart. Just pointing out proper lingo. Just came back to the desk to see if anything interesting. Nothing for now, will check back to see NY close.

Dallas GEP 19:02 GMT May 11, 2004 Reply   
Modifed USD/JPY sell order to 113.25 (ASK) from 113.20

DOW is over 10,000 right now

Normandy Nick 18:51 GMT May 11, 2004 Reply   
Miami OMIL (/;-> 18:42 GMT May 11, 2004
Ok thanx. Anyway I advise to be very carefull in the coming days. This kind of figure could be a clue saying that the most expected event will not happen....

Miami OMIL (/;-> 18:42 GMT May 11, 2004 Reply   
Nick I have a contra intraday buy signal on the eur/usd pair coming up in the next hour with tight stops as long as 1.1850 holds as support. I have posted fibo’s and resistance earlier IMO. GT

Nottingham 18:42 GMT May 11, 2004 Reply   
I swear I posted this a few minutes ago but anyway...re euro...see my 13:20 post earlier today...that coupled with jitters over new al qaeda tape are together responsible for slight uplift...however, as Eilat (and others) have said, pair is probably chained to a post until the US data tomorrow...gl gt

Normandy Nick 18:36 GMT May 11, 2004 Reply   
I invite you to watch closely the daily euro chart. The candles of today and yesterday, sort of christian crosses, oftenly precede an upmove, if it's not always. Today, the price touched a new bottom, but eventually, the sellers got chechmate...so I'd like to know your comments on that. Thanx

Miami OMIL (/;-> 18:36 GMT May 11, 2004 Reply   
Oil man a break of the weekly T/L or a close under the weekly 55ma might convince them once and for all but I don’t see this happening today IMO. GT

UAE Oil man 18:27 GMT May 11, 2004 Reply   
Yes Omil, This trend is going slowly, thus the short-medium term position players continue to hope fervently for a "come-back"....but each week it's going slowly lower...Still no long termer buying the euro$...Tears will perhaps starts once the Med-termers let go...

Miami OMIL (/;-> 18:21 GMT May 11, 2004 Reply   
Sorry the comments were for the eur/usd pair.

Miami OMIL (/;-> 18:19 GMT May 11, 2004 Reply   
FWIW I have a weekly T/L running at around the 1.1730 area for now and the 55 weekly ma that has not been broken or closed under since 11-12-01 at around 1.1855-65 area also IMHO.

Normandy Nick 18:19 GMT May 11, 2004 Reply   
1.30 is better actually...:p

Normandy Nick 18:18 GMT May 11, 2004 Reply   
If the datas coming are in the favor of the dollar, then, usd/chf is a limited special offer! I've got a buy order at 1.2996 bid,

Dallas GEP 18:15 GMT May 11, 2004 Reply   
USD/CHF would be a good buy HERE at 1.2965 with stop @ 1.2940 Tp @ 1.3040 and NO I am not in it myself!!!!

houston st 18:07 GMT May 11, 2004 Reply   

g'day all..in lurker mode just watching mkt..still buying and holding eur/usd for better levels..looks like mkt back in range trading mode until some news or gorillas give it a reason to move..$Bulls not finished yet..wed thru fri should be very volatile & interesting..gl/gt.

Dallas GEP 18:06 GMT May 11, 2004 Reply   
Ralph, my precise stop is 1.1910

Normandy Nick 18:04 GMT May 11, 2004 Reply   
Right, thanx guys. I'll exit at 1.2975 bid if it turns into vinegar

Boca Ralph 18:04 GMT May 11, 2004 Reply   
Dallas GEP 17:55 GMT May 11, 2004
I have now a short off an order 1.1870 on Euro, stop above figure looking for 1.1820

Is that 1.1899 stop, or what level?

Miami OMIL (/;-> 18:04 GMT May 11, 2004 Reply   
Will they ever learn that this is a tough crowd to sell to? Most of the pros here could do a lot better than those guys in reality lol.

This is good news so far for the bulls on eur/usd the support at 1.1760 was not even touched this should give the bulls a small new hope to get through the 1.1900 resistance or at the very least a good opportunity to sell at a better position. Rough fibos have changed for now 1.1880-85, 1.1935-40, 1.1980-85, 1.2025-30 and 1.2090-95. Resistance is around 1.1900-10, 1.1920-30 and 1.1955-65 area for now. I don’t have a contra intraday buy signal on my system yet for this pair but it is coming up IMHO. GL GT

Gaza Ibiza 18:01 GMT May 11, 2004 Reply   
Normandy Nick---------Moskow spoke mkt did not go lower..usd sellers came in--- london traders o/n stops promptly exectuted!

Eilat Dolphin 18:01 GMT May 11, 2004 Reply   
Nick/ Hi! My guess is that it's the 1 hour Stochs influence,+ the 400 pips down on the 4 hours leg,+ tomorrow US trade balance Unbalance + the beheading in Irak, + the Senate hearings...

+ all that I don't know...

Shouldn't amount to that much $ down, All In My So Very Often Wrong Most Humble Opinion.

UAE Oil man 18:01 GMT May 11, 2004 Reply   
Funny Gep, I got 113.15 waiting...

Well watch eurogbp ...6760-6780 good shorts.
Gl.

st. pete islander 17:59 GMT May 11, 2004 Reply   
Re: Salt Lake City .... Sounds like a boat broker I know.

UAE Oil man 17:57 GMT May 11, 2004 Reply   
Salt Lake City 17:51 GMT May 11, 2004

"by creating a larger balance , we double your account"..

---

perhaps you mean "by creating a larger balance, i double MY account"..Still you don't beat our Lagos friend with 85% Guaranteed monthly return..Lol..

Brazil, JH 17:55 GMT May 11, 2004 Reply   
Here an Idea!!! loosing 4 out of 5 trades....
better look for a job :-)

Eilat Dolphin 17:55 GMT May 11, 2004 Reply   
Salt Lake/ Are we to understand that you don't share the losses?

ROTFLaughingggg...

Dallas GEP 17:55 GMT May 11, 2004 Reply   
I have now a short off an order 1.1870 on Euro, stop above figure looking for 1.1820

Normandy Nick 17:53 GMT May 11, 2004 Reply   
Any news on the wire? this is more than a profit taking? what happened? any explanation? Thanx

Kaunas DP 17:49 GMT May 11, 2004 Reply   
Nottingham 17:46 GMT May 11, 2004

thank you indeed

Dallas GEP 17:49 GMT May 11, 2004 Reply   
Have @ 113.20 BUY order on USD/JPY waiting

Wien GD 17:46 GMT May 11, 2004 Reply   
Back from work ... please why is GBP that weak?

Nottingham 17:46 GMT May 11, 2004 Reply   
Kaunas DP>>>re silver, fwiw our trader called the majority of the move down and has been looking for an ultimate bottom of 5.39(5.37) with this low having the potential to form the start of a new bull market...gl gt

UAE Oil man 17:45 GMT May 11, 2004 Reply   
Add 1.1872 stops for this ones 1.1905

Kaunas DP 17:44 GMT May 11, 2004 Reply   
Rye, NY et 17:42 GMT May 11, 2004

conservative approach is fine for me...but u know it is also said that markets never ever go one way as straight line...retracements are inevitable...LOL

5.5 is considered for next 24h...only...:)

GL

Normandy Nick 17:44 GMT May 11, 2004 Reply   
sold chf 1.2986 for 1.2940. I don't know what happened but it looks grave!

Rye, NY et 17:42 GMT May 11, 2004 Reply   
Kaunas DP 17:28 GMT May 11, 2004
FWIW...
Several fortunes were lost in the late 70s trying to pick a top in Silver. As someone very aptly said on this Forum recently: 'Don't try to catch a falling knife; wait until you're sure it's hit the ground'...
GL/GT

OK SZ 17:36 GMT May 11, 2004 Reply   
Rye, well I had a buy signal at 11835 but did not take it due to the range today..look like a fool now..lol

NY NY 17:34 GMT May 11, 2004 Reply   
close call - but I hope you didn't fall on that sword


LONDON SS 13:56 GMT May 10, 2004
my motto is to live by the sword die by the sword. please by all means place the letter A b4 my initials now for your own good measure...but i can and will state againeur/usd will get up to 1.19 b4 NY open 11/05/04.

Kaunas DP 17:34 GMT May 11, 2004 Reply   
where eur/usd +20pips spike comes from - TIA

Kaunas DP 17:28 GMT May 11, 2004 Reply   
Rye, NY et 16:47 GMT May 11, 2004
Juneau CAR 16:26 GMT May 11, 2004

do u think silver is bottoming at 5.5 - TIA

OK SZ 17:14 GMT May 11, 2004 Reply   
Rye, yes I agree with your reading also..I am flat as well and will see how the day closes..thanks for the reply. gl, gt

Rye, NY et 17:09 GMT May 11, 2004 Reply   
OK SZ 16:52 GMT May 11, 2004
Yes.
Based on weeklies, I could easily see a Euro bounce from here up to around 1.23 over the next several days before another down move toward 1.15. (I'm not in the trade at this point--waiting for a stronger signal) All, of course, IMVHO

OK SZ 16:52 GMT May 11, 2004 Reply   
wasn't it a couple weeks ago that the euro held 118 and then took off towards 122 (12176 to be exact) just a thought

Rye, NY et 16:47 GMT May 11, 2004 Reply   
Juneau CAR 16:26 GMT May 11, 2004

Thank you...
I thought of you as we were approaching 1.22 on this last little uptick in the Euro. I'm glad we had our conversation.
As Jay posted yesterday, this forum--at its best--is a place where people share their ideas. I would also be interested in your ideas on Gold and Base Metals...Perhaps you could post something on the Help Forum...

HK Byron 16:39 GMT May 11, 2004 Reply   
198.8 target is getting closer... waiting for 196 bonus? :)

Rye, NY et 16:38 GMT May 11, 2004 Reply   
Belgrade Knez 16:20 GMT May 11, 2004
Rye, NY et 16:13 GMT May 11, 2004

Thank you...
(Some of my happiest memories come from two weeks in Novi Sad and Lake Bled)
GL/GT

HK Byron 16:37 GMT May 11, 2004 Reply   
HK Kevin 16:31 GMT May 11, 2004
Hong Kong Qindex, your GBP/JPY trade is excellent

100% Agree! :)

Hong Kong Qindex 16:34 GMT May 11, 2004 Reply   
HK Kevin 16:31 GMT - GBP/JPY : It has a long way to go.

OK SZ 16:31 GMT May 11, 2004 Reply   
Rye, good to hear things fine with you..good here as well..take care , gl, gt

HK Kevin 16:31 GMT May 11, 2004 Reply   
Hong Kong Qindex, your GBP/JPY trade is excellent

Rye, NY et 16:29 GMT May 11, 2004 Reply   
Thanks, SZ...
I was beginning to think my broker had offered a special price, just for me--if you know what I mean...
Things are fine here...New York is the same: it changes so much that it never changes...
Choppy down here as we approach (I believe) the top of the Dollar correction. I don't htink the road back down is going to be all that smooth either, but it will definitely be "paved with Gold". Hard to imagine a new Bear market in Gold as the US interest rate tightening cycle begins. "Follow the yellow brick road."
Best to you and yours...

HK Kevin 16:28 GMT May 11, 2004 Reply   
Hong Kong Qindex 16:13 GMT, loss ~50 pips on short USD/JPY yesterday. Re-enter at 114.06 with stop now move to breakeven. Looking at weekly chart, it needs to test 111.50 (50 ma) first even if heading for 115 level. Will take partial profit at around 112.40/50.

Juneau CAR 16:26 GMT May 11, 2004 Reply   
RYE-lol- sorry for the spelling mistake.

Juneau CAR 16:25 GMT May 11, 2004 Reply   
REY: Just wanted to thank you again rey in case you did not see my other post. You were very helpful and I was surprised and gratified you would take the time to help someone you do not even know.

Thanks!

Belgrade Knez 16:20 GMT May 11, 2004 Reply   
Rye, NY et 16:13 GMT May 11, 2004

low for last 10 min I have at 113.5095

OK SZ 16:16 GMT May 11, 2004 Reply   
Rye, I have 113.53 for the low the last 10min

OK SZ 16:15 GMT May 11, 2004 Reply   
Rye (NY) how are u doing? tough market these past couple days..how r things in NY these days?

Rye, NY et 16:13 GMT May 11, 2004 Reply   
Anybody have a low on USD/JPY in the last 10 mins?
TIA
(Hey...SZ)

Hong Kong Qindex 16:13 GMT May 11, 2004 Reply   
HK Kevin 16:10 GMT - The odds are in your favour.

OK SZ 16:12 GMT May 11, 2004 Reply   
KB, good observation..just sitting being patient..probably happen when we least expect it..

HK Kevin 16:10 GMT May 11, 2004 Reply   
Hong Kong Qindex 15:28 GMT, I would be more happy if 111.54 in your weekly cycle is seen by Fri.

LA KB 16:06 GMT May 11, 2004 Reply   
This market feels paralyzed and is not showing much reaction to minor technical breaks. I guess eur/usd 1.1790/00-1.1830/40 until one side breaks.

Polokwane SA 15:38 GMT May 11, 2004 Reply   
Bloemfontein SA new bie 14:46 GMT
Polokwane is the new name for Pietersburg in the old Northern
Province now Limpopo.GL/GT

Hong Kong Qindex 15:28 GMT May 11, 2004 Reply   
USD/JPY : The market has a tendency pulling back to 112.77.

Hong Kong Qindex 15:23 GMT May 11, 2004 Reply   
USD/JPY : The market is vibrating around 113.59 with an expected magnitude of +/- 0.41 i,e, 113.18 - 114. The key quantized level is positioning at 112.77.

sydney fg 15:18 GMT May 11, 2004 Reply   
seems we all run out of puff tonight. I too take back short aud and will go long on sleep. g/l all.

china qq 15:17 GMT May 11, 2004 Reply   
Gosh, got my GBP back... hehe,.. anyone long GBP now...1.7500 enter?

hk revdax 15:11 GMT May 11, 2004 Reply   
geneva 14:29 GMT//use today's low as a stop.

OK SZ 15:09 GMT May 11, 2004 Reply   
Jon, oh no problem, thanks for getting back..I was thinking of that also but not sure if it happens by ny close or not..gl, gt

Tokyo Jon 15:06 GMT May 11, 2004 Reply   
OK SZ, I am sorry but not looking at eurusd at this time, however to me the odds are down and would expect to see 1.1750 printed

MW Pachvara 15:04 GMT May 11, 2004 Reply   
Jon (Tokyo),

can i have your e-mail address?

OK SZ 15:04 GMT May 11, 2004 Reply   
Gep, yes agree, it seems like they want to push this euro under 118 but having a tough time of it..

Dallas GEP 15:03 GMT May 11, 2004 Reply   
THnaks SZ, marketplace with the exception of GBP earlier is not providing much range.

OK SZ 14:57 GMT May 11, 2004 Reply   
Jon, do you have any thoughts for the rest of day on the euro?

OK SZ 14:56 GMT May 11, 2004 Reply   
GEP, that was a good call and nice trade. I missed the opportunity and still sitting on my hands..what a bore..will have to go for a run here soon. gl, gt

Dallas GEP 14:55 GMT May 11, 2004 Reply   
THNAKS very much JON!!!!

Dallas GEP 14:53 GMT May 11, 2004 Reply   
Closed short euros from 1.1840 @ 1.1806 (ASK).

Tokyo Jon 14:49 GMT May 11, 2004 Reply   
GEP sorry for the delay, just took a while to get organised, have registered the second causeandfx site, and finalized the server details.

the gbpjpy(199.79) is acting up, and would suggest long trades as key support was seen at 11gmt, 199.16, the top for till close should be around 200.36/42 with an absolute high of 201

for whats it worth I am long usdjpy from 113.39 looking for a target of no more than 114.70 but I have a feeling that 114.30 will hold.
GL and GT

Normandy Nick 14:48 GMT May 11, 2004 Reply   
close euro short for a symbolic pip! see you later, time to chill out....

Bloemfontein SA new bie 14:46 GMT May 11, 2004 Reply   
Polokwane sa

Hi where in our beatifull country is Polokwane

Normandy Nick 14:38 GMT May 11, 2004 Reply   
Polokwane SA 14:26 GMT May 11, 2004
ah yeah....the problem is that I''ve got to be at the opening at 2 o'clock on my computer and I can't do it anymore. I live the night and it's not possible anymore!!! moreover, this interesting theory found its limits. It does work more than it fails but it's exhausting and the market is very oftenly quiet at the opening. Today, it would have work but not yesterdaySo, I returned to my good old method, if we break a level, we suppose we will reach the next one. Thanx for your interest!

sydney g 14:35 GMT May 11, 2004 Reply   
gbp bids at 60 and euro bids at 1.1800

geneva 14:29 GMT May 11, 2004 Reply   
Is it time to build a long eur/usd position with a stop around 1.17's?

Polokwane SA 14:26 GMT May 11, 2004 Reply   
Normandy Nick
I'm following your posts since the first one in April 2004 with
great interest,especially the one's on the "native sectors"
theory(what happened to that).I'm wondering if I may ask
for your E-mail address via Jay.
GL/GT.

HK Kevin 14:20 GMT May 11, 2004 Reply   
Oakland Daimyo 14:06 GMT, thank you for keeping me in mind. No trades today, watching EUR/GBP and EUR/JPY for clue.

Oakland Daimyo 14:20 GMT May 11, 2004 Reply   
HK Byron
USD/CHF has been a good climber lately, I think we will see much higher levels once operators move out of the way. If you can ride the 4HR volatility swings (keep stops beyond) you should be ok for the med/ long-term. I do not know what small size means to you so I will assume you have the muscle to ride this one out. I do not trade long-term as I have a hard time sitting on my hands (don't like deep drawdowns or long losing streaks before winner)

Florida vv 14:20 GMT May 11, 2004 Reply   
WHAT ARE THEY SMOKING AT THE LABOR DEPT.?
Full story:
http://www.nypost.com/business/23936.htm

Very interesting

)toronto( Dr Unken Katt 14:18 GMT May 11, 2004 Reply   
on dayly cable offers good support @ 7300

ham cla 14:14 GMT May 11, 2004 Reply   
1.3088 ebs

Singapore Trader 14:12 GMT May 11, 2004 Reply   
Hi Guys, whats the Hi in USD/CHF pls?

HK Byron 14:11 GMT May 11, 2004 Reply   
Oakland Daimyo, thx for advice, i'm building small size, will look for 1.35 as long term trade!

Oakland Daimyo 14:10 GMT May 11, 2004 Reply   
st pete islander
He will love it here, he can talk as much "sh-t" as he wants. It's actually encouraged. The fans will back him. I would not recommend non-Raider fans come to a home game.

Dallas GEP 14:07 GMT May 11, 2004 Reply   
Thnaks GH. INITIAL target is 1.1795 with aforementioned 1.1760/65 being i believe the short term bottom. There is support at 1.1810 also. For euro to hit 1.1760, we will need GBP at sub 1.75's. I can see this being VERY whippy tho.

Oakland Daimyo 14:06 GMT May 11, 2004 Reply   
Sorry Kevin-- post was for HK Byron

Oakland Daimyo 14:05 GMT May 11, 2004 Reply   
HK Kevin-- Be prepared to hold stop below 1.2960 support. That's a long way. 1.3076 Fractal Top capping price action for the time being.

st. pete islander 14:03 GMT May 11, 2004 Reply   
Oakland Daimyo 13:58 You're going to like Sapp. gt

hk ab .59-->.65 nzd in 3 months 14:03 GMT May 11, 2004 Reply   
Hm.. aud, nzd interesting for a try

aud/nzd sell order 1.1510 tight sl above.

Newcastle GH 14:02 GMT May 11, 2004 Reply   
Gep,
Nice little call @ 40 there! Hope the target works out! BUt hey you can't lose now unless you choose to! GL/GT

HK Byron 14:01 GMT May 11, 2004 Reply   
Building USDCHF long position!

Oakland Daimyo 13:58 GMT May 11, 2004 Reply   
Irish-- you're absolutely right about that. Seen them trying to trade on Sunday night after Raiders home game. What was I thinking? Tailgate parties and trading do not mix. Lesson learned last season.

Normandy Nick 13:57 GMT May 11, 2004 Reply   
Ok Gep.

short on euro, since gold is dropping at 1.1815

Chicago Irish 13:55 GMT May 11, 2004 Reply   
Daimyo:White elephants are ok it's the Pink elephants that are dangerous

OK SZ 13:55 GMT May 11, 2004 Reply   
cop, do not start this crap again..find something better to do

Dallas GEP 13:54 GMT May 11, 2004 Reply   
NOPE Cop, I am not.

Dallas GEP 13:52 GMT May 11, 2004 Reply   
Nick, JON is my friend and YEN expert for some time now. Has a very accuarte proprietary system he is tweaking.

NY Cop 13:51 GMT May 11, 2004 Reply   
So, GEP, let me guess, you are long at 70 right?

Nottingham Daniel 13:50 GMT May 11, 2004 Reply   
Gold came under pressure from the start of the day in Asia falling from $378.50 to $374.10 at the morning gold fixing in London against a background of falling global equity markets and a rising dollar following Friday’s strong US economic data with its upward implications for interest rates. Early trading in New York saw gold post a low of $372.30, however excellent support was provided by the physical sector and the price recovered to a high of $379.50 as the dollar gave back some of its earlier gains. The market eased back to close barely lower on the day at $378.60 and has ranged between $378.00 and $379.50 in Asia this morning in much quieter trading conditions. With an increase in US interest rate largely factored into the market and many of the weaker longs now out of the market, as highlighted by the falling open interest on the COMEX, gold’s downside appears to be limited to key technical support located at $370 with physical buyers likely to take advantage of any further forays into the lows $370’s. The direction of the dollar remains an important focus and any renewed weakness in the green back could see gold stage a technical recovery towards resistance located at $390, although with the 200-day moving average pegged $394 providing a formidable barrier for trend watchers a revisit of $400 looks to be unlikely over the quiet summer period.

Source: Standard Bank

Oakland Daimyo 13:50 GMT May 11, 2004 Reply   
Jon send me new traders lounge info
[email protected]
Thanks
By the way, I was just informed that my research paper is going to be published in the TSAASF Newsletter (Technical Securities Analysts Association of San Francisco) Happy about that, over 100 local technicans. The title is "Tracking the Elephants in the FX market: An application of the Wyckoff Composite Operator Principle" I look forward discussing w/ you and the other FX vets before I speak to this crowd. It feels funny having people ask me questions like I'm some kind of guru or something. I'll believe that when my bank account reflects it. : ) GT to you. Mkts all over the place.. Standing aside.

M-w W.T. 13:49 GMT May 11, 2004 Reply   
Hi,
is anyone from Japan here?

Tokyo Jon 13:47 GMT May 11, 2004 Reply   
sorry Gep, was away for a sec, will be with you shortly.

Normandy Nick 13:47 GMT May 11, 2004 Reply   
I've got at top at 1.7624 now, GEP, who is JON?

Dallas GEP 13:46 GMT May 11, 2004 Reply   
USD/CAD long from 1.3870/80 area is also a good long at this time.

Dallas GEP 13:44 GMT May 11, 2004 Reply   
Pretty obvious that pound is failing. As far as WHERE to take it short 1.7660 if seen is good as well as 1.7630. SHORT term tho it MIGHT not get back up there.

Normandy Nick 13:38 GMT May 11, 2004 Reply   
close long trade on euro at 1.1820,

Dallas GEP 13:37 GMT May 11, 2004 Reply   
Hi JON!!! What does that wonderful system say to you about any of the YENNY pairs???? I have having a very diificult time charting GBP/JPY

UAE Oil man 13:33 GMT May 11, 2004 Reply   
Reading posts like "low of the week" on a tuesday , gives me hope for my Sub 1.1625 friday...

ny amc 13:32 GMT May 11, 2004 Reply   
normandy........very interesting

Tokyo Jon 13:30 GMT May 11, 2004 Reply   
Oakland Daimyo, how are you, I am now back in japan, love to talk to you soon, I will be in the traders lounge

sydney fg 13:27 GMT May 11, 2004 Reply   
need to see gold give up this 377 lvl for downside action in eur/usd and aud/usd imho. Its tight range today suggests to me we whip around current lvls in these pairs .

Dallas GEP 13:24 GMT May 11, 2004 Reply   
Took Euro short @ 1.1840 looking for 1.1760

Normandy Nick 13:23 GMT May 11, 2004 Reply   
ny amc 13:05 GMT May 11, 2004
My system identifies "psycho points" that shows what the market is looking. The opening, whatever the frame time is very important, but above all on hourly and daily charts. For chf, we open this new hour right on the psycho point at 1.3035/34 , below this point, sellers take back self confidence, above, the bulls still believe they got the hand. Now, chf is really favoring the downside, will euro confirms the upside , printing 1.1842 bid?

london 13:21 GMT May 11, 2004 Reply   
Sydney gvm dr q was quite specific on his bias posts. my bias for eur/jpy is up to 137/138, so if USD/JPY goes down to his weekly quantized level of 111.54 dr q's bias to the downside for USD/JPY will right and EUR/USD will shoot up to his other quantized level 1.2360.

Nottingham 13:20 GMT May 11, 2004 Reply   
euro...trendline which has not been breached on a closing basis for best part of a year comes in at 1850 today...gl gt

Oakland Daimyo 13:19 GMT May 11, 2004 Reply   
Hold onto your seats guys, it's gonna get bumpy. Short squeeze appears to be on. Mkt trading over 1.7576 GBP/USD and 1.1807 EUR/USD Fractal bottoms I mentioned earlier is bear trap.

Bahrain KZ 13:19 GMT May 11, 2004 Reply   
Ham it's going to 1.7890 next week at most

ham cla 13:16 GMT May 11, 2004 Reply   
us bank the main buyer here in cable

Normandy Nick 13:15 GMT May 11, 2004 Reply   
13:05 GMT May 11, 2004
chf in sell signal, confirmation for euro 1.1842 bid for further up. amc, I answer you soon....

QC WC 13:14 GMT May 11, 2004 Reply   
Farmacia, thanks again n will keep that in mind. You don't think weve seen low for the week?

melbourne farmacia 13:06 GMT May 11, 2004 Reply   
WC - I would keep your stop at entry. Gbp's still under selling pressure IMO

Hong Kong Qindex 13:05 GMT May 11, 2004 Reply   
london 12:48 GMT - My time frame is for the remaining period of this week. There is no change for my bias.

ny amc 13:05 GMT May 11, 2004 Reply   
normandy.nick..........please excuse my ignorance i was wondering regarding your last post how a few pips could make it be a bearish signal on usd/chf.........i really enjoy your posts and am learning alot from you..thanks

Bahrain KZ 13:04 GMT May 11, 2004 Reply   
Anyone buying Cable Now?

Hong Kong Qindex 13:04 GMT May 11, 2004 Reply   
Mumbai Jay 12:21 GMT - I have a feeling it is going to move lower.

Normandy Nick 12:56 GMT May 11, 2004 Reply   
a bearish sign on chf if we open the new hour at 1.3030/31/32 bid

Sydney gvm 12:54 GMT May 11, 2004 Reply   
London - I have a feeling Dr Q may be quitely referring to the E/yen cross - topping out maybe?

QC WC 12:54 GMT May 11, 2004 Reply   
Farmacia, thanks. Am long so will place stop near your level.

Normandy Nick 12:50 GMT May 11, 2004 Reply   
pound has also change of music and I've got a sell at 1.7630/40 now instead of 1.76

london 12:48 GMT May 11, 2004 Reply   
Hong Kong Qindex 12:04 you said you are biased to the downside for both EUR/USD & USD/JPY. I said only one of your bias will be right and the other one wrong. as of now, I am biased for your USD/JPY bias to be right. what is your bias now?

OK SZ 12:48 GMT May 11, 2004 Reply   
za, thanks for the heads up..gt, gl

Stockholm za 12:45 GMT May 11, 2004 Reply   
fwiw.....
EUR/USD is still trading at base. The Question is – If/when it brakes how far under 1,0xxx are they willing to allow it to trade..
Todays study is at ema 55 & 233 – crossing…….
Under 1,1810 is ( - )
With Key gateway 1,1940 & 1,1720 Needed to move…
Happy trades to all…….

melbourne farmacia 12:44 GMT May 11, 2004 Reply   
WC - once gbp takes out 1.7515, my new range comes into play down to 1.7303. Until then, my previous levels still apply. GT

Medan Ardent 12:44 GMT May 11, 2004 Reply   
Hit my stops..... Bad trade

nyc jk 12:43 GMT May 11, 2004 Reply   
and speaking of goose, wonder if slv sam mortgaged his mother in law now that it is at 1.39 ?

Vilnius Phoenix 12:43 GMT May 11, 2004 Reply   
Medan Ardent 12:38 GMT May 11, 2004
Thank you for posting, I myseld don't found it logical: stop should be on resistance level, 1.1835 do not show any res/support.

GA TJ 12:42 GMT May 11, 2004 Reply   
That single wing goose is a very eratic flyer. Does anyone think it will renew its torrid affair with 134.00?

Normandy Nick 12:40 GMT May 11, 2004 Reply   
forget the buy at 1.3040 it goes down too fast...I don't like it!

Medan Ardent 12:38 GMT May 11, 2004 Reply   
short euro at current price1.1810 stops 1.1825

Normandy Nick 12:31 GMT May 11, 2004 Reply   
I forgot! :p , I'm long on euro at 1.1805; for 25 pips or so and I'll buy chf at 1.3040 if seen

nyc jk 12:31 GMT May 11, 2004 Reply   
oilman, you about to slip behind the control panel of Goose Air again?

UAE Oil man 12:28 GMT May 11, 2004 Reply   
The Return of the Crazed loon II ..

Normandy Nick 12:27 GMT May 11, 2004 Reply   
got a sell order on euro at 1.1785
buy order on chf at 1.3095 for 1.3130 or more square around 1.3040 stop 1.2990 (expensive but I'm confident)
gbp a return at 1.76 would be great for a short. It did give a sign to go further down but it's not convincing and oversold, I doubt the pair will find enough power to make a new low without taking a good breath before,;and without any big datas before thursday, I favor a strike back but I'm not trading it.

UAE Oil man 12:27 GMT May 11, 2004 Reply   
Beware of the Loon, After a very cold winter season , they are back and they are hungry....Hunter's BEWARE.

Mumbai Jay 12:21 GMT May 11, 2004 Reply   
Dr. Q... What is your view on EURJPY today pl. Are we in for some sizeable correction? TIA

QC WC 12:17 GMT May 11, 2004 Reply   
Farmacia, what your view on GBP? Will it drop that low? Wont the low today hold?

melbourne farmacia 12:15 GMT May 11, 2004 Reply   
Newcastle GH 12:01 GMT May 11, 2004
Yeah 50 lots per trade.. nice long holiday. gt

Hong Kong Qindex 12:10 GMT May 11, 2004 Reply   
GBP/USD : The market is heading towards 1.7406 - 1.7463 trading range.

Brazil, JH 12:09 GMT May 11, 2004 Reply   
GH, I'm trying not to look to happy or my wife
will know I made over my 120 pips a week.
I'm been trying to put some away for a boat.
It would be gone quik.. :-)

Hong Kong Qindex 12:04 GMT May 11, 2004 Reply   
london 11:45 GMT - I am not sure about your question. USD/JPY : It has reached my weekly cycle upper target yesterday.

Newcastle GH 12:01 GMT May 11, 2004 Reply   
JH
Never say: "I only made 240 pips." Some people here "only" have to make that to live for a year.

When I make 10 winners in row I know what's around the corner- and it ain't usually good! GL/GT

Hong Kong Qindex 11:59 GMT May 11, 2004 Reply   
GBP/USD : The market is heading towards 1.7406 and it may take a few days.

hk ab .59-->.65 nzd in 3 months 11:59 GMT May 11, 2004 Reply   
nt// fwiw, orders are still the same nz .5905 long 20 sma monthly. dlr/chf waiting for 1.33-1.35 to reverse.

Remember what we discussed during the dinner on chf? Think it's a good try.

QC WC 11:56 GMT May 11, 2004 Reply   
Feeling time for Euro/GBP to correct and USD/Yen to rise.

Brazil, JH 11:55 GMT May 11, 2004 Reply   
I only made 240 pips I been avg 16 per trade (not great)
but I'll take it. PLEASE no not the Mother-n-law I'll
take another hurricane...

hk ab .6 nzd 11:54 GMT May 11, 2004 Reply   
see some c9 in retail shop reverse their dlr/chf 1.31 + catching gbp bottoms an hr ago.

hk ab .6 nzd 11:52 GMT May 11, 2004 Reply   
nt// think gbp 1.72-1.70 comes sooner rather than later. gbp/jpy can drag it another 100 pts.

Rivonia PipPirate 11:51 GMT May 11, 2004 Reply   
Brazil, JH 11:46 A big sloppy kiss from your mother-in -law. Look out. Close all your doors and windows, she might think you have gone out.:-)

Vilnius Phoenix 11:49 GMT May 11, 2004 Reply   
Brazil, JH 11:46 GMT May 11, 2004
How many pips you made in total ?

Brazil, JH 11:46 GMT May 11, 2004 Reply   
I just hit 15 good trades in a row, The last time
I hit 12 the first hurricane ever hit Brazil :-(
I wonder what next????

london 11:45 GMT May 11, 2004 Reply   
Qindex 11:29 & 11:20 one of your bias will be right as 2 rights can't make 1 wrong. do you think I am right or wrong ?

KL KL 11:44 GMT May 11, 2004 Reply   
LONDON PW 11:09 GMT May 11, 2004 .. Be good to share your intended position on the currency before it happens or about to happen. Perhaps we may decide if it works or not. How about gbp usd or eur usd or eur jpy....thanks

Nottingham 11:38 GMT May 11, 2004 Reply   
KL KL 11:29 GMT

Not quite enough for me (my strategy is ultra cautious), but that's not to say it won't bounce back from there as the lower end of that zone is where the pair would be conventionally o/s...however conventionally isn't always enough to ensure a positive outcome with cable so tread carefully...gl gt

Rivonia PipPirate 11:36 GMT May 11, 2004 Reply   
Lahore RK 11:31 Yep. Closed my short. GL

Oakland Daimyo 11:36 GMT May 11, 2004 Reply   
thank you PAR 11:07 GMT May 11, 2004
Had a feeling option players would be next tgt as short term specs are toast.

QC WC 11:35 GMT May 11, 2004 Reply   
Bought GBP at 1.7545

GVI john 11:32 GMT May 11, 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/$ 1.1800…$/yen 113.65
DJIA +48 pts… 10-yr 4.78%, -4 bp
PERSONAL OPINIONS:
For a broad range of opening levels click on GVI’s “Market Tracker”:
CLICK HERE


see GVI for text

Lahore RK 11:31 GMT May 11, 2004 Reply   
Rivonia PipPirate 11:27 GMT

i think becuase of UK IND figure market trader reacted strongly
thnx
GL/GT

Hong Kong Qindex 11:30 GMT May 11, 2004 Reply   
Sydney gvm 11:27 GMT - USD/JPY : Limited upside potential.

Hong Kong Qindex 11:29 GMT May 11, 2004 Reply   
Sydney gvm 11:27 GMT - USD/JPY : I am bias on the low side.

KL KL 11:29 GMT May 11, 2004 Reply   
Normandy Nick, Nottingham...would cable be a buy at 1.745-6 area..Is it low enough to have a retracement back up to 1.77?

Sydney gvm 11:27 GMT May 11, 2004 Reply   
Hong Kong Qindex - are you still biased on downside for yen? TIA

Rivonia PipPirate 11:27 GMT May 11, 2004 Reply   
Lahore Rk 11:21 GMT I agree. Good call earlier. I'm watching the T/L like a hawk.

Lahore Rk 11:21 GMT May 11, 2004 Reply   
Rivonia PipPirate 11:13 GMT May 11, 2004

>>i think 17470 * and break leads to 17400**

and your view on cable
Tia

GL/Gt

Hong Kong Qindex 11:20 GMT May 11, 2004 Reply   
hk revdax 11:11 GMT : EUR/USD : I am bias to the downside.

Gen dk 11:17 GMT May 11, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

saloniko 2004 nk 11:14 GMT May 11, 2004 Reply   
UAE Oil man 11:02 GMT May 11, 2004

That 1999 elephant is dead ...IMO

In other case, someone said that he sound like a broke record cos frome February was waiting USD/CHF 1.35+
I will feel very Fool cos B4 february i was calling , E/$ 1.40++

Hope this 200 *4*..to be a life year than....

nk

Rivonia PipPirate 11:13 GMT May 11, 2004 Reply   
LAhore RK 20:09 GMT May 10, 2004
Any thoughts on how much GBPusd pair could bounce in next 24 hours and what is strong support ---( i think 17840*>>17890 and 17942** on the down side 17635 if it break below 17704 and if breaks 17635>>17540)

Rivonia PipPirate 20:48 GMT May 10, 2004
LAhore RK 20:09 Your figures make sense , but gbp will be o/s @ about 17620/600 in next 24 hrs, so can not see your extreem figures materializing. imho

Darn, how did this egg get on my face?

hk revdax 11:11 GMT May 11, 2004 Reply   
Qindex//Is the low of Euro/$ cutting right at your vibration number?

LONDON PW 11:09 GMT May 11, 2004 Reply   
Hello,

I found a fantastic resource for traders!
I tried it; it works!!!

http://www.TimeTrapSystem.com/x.cgi?adminid=2881&id=72874

Gen dk 11:08 GMT May 11, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

PAR 11:07 GMT May 11, 2004 Reply   
Big 1.7500 options in GBP being protected by UK banks.

ham cla 11:03 GMT May 11, 2004 Reply   
swiss bank on the offer now in dol/chf at 1.3050/53

Normandy Nick 11:03 GMT May 11, 2004 Reply   
a last word before leaving, about pound, the buy point is at 1.7512 bid actually,but stop at 1.75 and don't be too greedy on that one, it's always risky to buy a pair that is sick; have a nice one, see you for NY

UAE Oil man 11:02 GMT May 11, 2004 Reply   
saloniko 2004 nk 11:00 GMT May 11, 2004

The same elephant from 1999 Euro$? :)

saloniko 2004 nk 11:00 GMT May 11, 2004 Reply   
OIL Man..

I Guess that a Big elephant is resting close to 1.17..

Already E/GBP Bull again and another Elephant is resting on USD/CHF 1.31 ..
Till we see 1.1699 think its Better to watch than say Big words..

nk

Hong Kong Qindex 10:58 GMT May 11, 2004 Reply   
Hong Kong Qindex 07:24 GMT May 11, 2004
GBP/JPY : Quantized Levels of 3-Month Projection Profile


... // 196.41* - 197.93 - 199.44* - 200.96 - 202.47* // ...

Gen dk 10:57 GMT May 11, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Normandy Nick 10:53 GMT May 11, 2004 Reply   
close short on pound, see you later

sarasota jf 10:51 GMT May 11, 2004 Reply   
oilman i will def read yr report - i think bc has good point abt eurusd - and seems alot of funds make loss in gold/silver and usdyen now they place large bets on short eurusd to 1.13-1.15 as effort to recover - meanwhile the asian accumulation interest remains and options to try to stablise the market remain - its an interesting time in fx thats for sure - back next month gl.gt

Normandy Nick 10:50 GMT May 11, 2004 Reply   
pound has to open under 1.7580 ( the new hour) to confirm the donwtrend strengh and achieves the target; Macd on chf---> buyers took back the control. euro, target 1.1805, if pound marks 1.7520 soon, buy it, it's overdriven now.

UB GG 10:48 GMT May 11, 2004 Reply   
what's happening on the market? any rumour...

Gen dk 10:47 GMT May 11, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

UAE Oil man 10:47 GMT May 11, 2004 Reply   
The good ol' days of "mid east account buys Euro$" are past ...

ham cla 10:46 GMT May 11, 2004 Reply   
seeing middle east name buying dol/chf at 1.3047/50

Oakland Daimyo 10:45 GMT May 11, 2004 Reply   
Censored Looks like I'm behind the curve today.

UAE Oil man 10:45 GMT May 11, 2004 Reply   
Hi Jf, yes all's well...Things don't break on the first attempt normally...they give a semblance of hope to the other side...then dominos fall..I wouldnt be surprised to see E$ finish under 1.1625 this week...as Deustche bank report says There's no long termer buying the Euro$ at present (so there's no "floor"..line of heavy supports drawn)...Only small med termers...look at my post few days ago from D-bank report.

Oakland Daimyo 10:42 GMT May 11, 2004 Reply   
GBP/USD sell pressure still > buy pressure but no longer making new lows. Could be setting up for short squeeze. I stress the possibility not the certainty. Cable is weak across the board.

london 10:42 GMT May 11, 2004 Reply   
Spotforex NY 10:29 his/her name felt asleep again?

sarasota jf 10:40 GMT May 11, 2004 Reply   
oilman hi trust you are well
manipulation yes sorry missed a letter - eur has same buyer down here as was selling the topside - seems stuck in range - and euryen has been manipulated from tokyo and asian cb recently i hope this can be resolved soon - gl

Gen dk 10:38 GMT May 11, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Oakland Daimyo 10:36 GMT May 11, 2004 Reply   
Missed GBP/USD sell signal under 1.7699 this morning. NP there will always be another. Here's how I see it:

We may need to see some pullback before we can continue this assault lower. Daily & 4HR pattern suggest some accumulation at current price levels. Not sure if this is true accumulation (real money folks) or re-distribution (early bottom pickers/ profit takers) Not willing to push my luck so will wait for better levels to sell into.

1.7829 28 Session EMA
1.7812 28 Day EMA & 14 Session EMA
1.7789 14 Day SMA
1.7754 61.8% Fibo retrace of <1.7576-1.8042 rally>
(Old Support/ New Resis)
1.7699 Fractal B/O
20 x 1 Intraday Trigger (Sell)
-----------------
1.7600 20 x 3 Med-term Tgt
1.7576 Major Fractal Bottom
100% Fibo retracement
Possible Right Shoulder of Inverse H&S on 4HR
1.7500 Channel Line Support
1.7320 Next 20 x 3 Med-term tgt

Please note--Any close below 1.7576 would be very negative for this pair. Hopefully this one will not run away from me.

UAE Oil man 10:35 GMT May 11, 2004 Reply   
Manipulation??

HK Byron 10:35 GMT May 11, 2004 Reply   
GBPJPY 198.8 on the way...

sarasota jf 10:34 GMT May 11, 2004 Reply   
ab - euryen is function of asian cb int to buy and when tokyo liquidates usdyen longs - 135 obv resistance - gbpyen maybe more interesting where the maniplation is much lower and more able to vibrate in a normal pattern - gl

Plovdiv Gotin 10:30 GMT May 11, 2004 Reply   
1.1725/30 ?

Spotforex NY 10:29 GMT May 11, 2004 Reply   
NY name just woke up...eyes current levels....


:-)

UAE Oil man 10:28 GMT May 11, 2004 Reply   
Next level breaks:
Downside
1.1750=>1.1625=>1.1375=>1.0765=>1.05

Upside:
1.2230=>1.2440=>1.2760=>1.2930


Still advisable to stay short.

Gl.

ham cla 10:25 GMT May 11, 2004 Reply   
swiss name buys eur/stg at current lvls, not much consequence though

hong kong nt 10:21 GMT May 11, 2004 Reply   
EUR/USD -- 1.182 may mark the low for today...

MSC eqwis 10:19 GMT May 11, 2004 Reply   
Normandy Nick,QC WC thank you.

Nottingham 10:15 GMT May 11, 2004 Reply   
cable could bite back today...a failure to take the 200 day ema will provide an opportunity to develop a double bottom (on dailies)...however, acceptance of such a move may only take place at pace once 1.77 retaken...in the event that double bottom opportunity is cast aside (use 200 day ema), then I'd expect to see my primary o/s of 1.7430...gl gt

Normandy Nick 10:15 GMT May 11, 2004 Reply   
euro should not print 1.1850 bid if it's really bearish. On the other hand chf is rather in sell signal but as long as 1.30 holds it's ok.

Nottingham Daniel 10:10 GMT May 11, 2004 Reply   
The FTSE 100 has recovered after yesterdays slide as U.S. futures point to a bounce on Wall Street. Stocks fell across the globe yesterday amid fears that high oil prices would fuel inflation and that a potential rise in interest rates would stifle economic recovery. Anais Faraj at Nomura said today most of the rate risk had probably been priced into the market. "So are we out of the woods? Perhaps, but the real risk is oil prices and on that issue the jury is still out," Faraj said.

But what has really changed - I don't buy this story for medium term !!! certianly not for the DJIA - your views welcomed

Gen dk 10:08 GMT May 11, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

QC WC 10:07 GMT May 11, 2004 Reply   
MSC, will long GBP from 1.7545 to 1.7580 levels if seen.

Normandy Nick 10:07 GMT May 11, 2004 Reply   
a bullish sign for pound is 1.7625 bid, now if the downtrend is good option, 1.7550 is the next target with an interim support at 1.7585

MSC eqwis 10:03 GMT May 11, 2004 Reply   
What is your target,pls.

Hong Kong Qindex 09:58 GMT May 11, 2004 Reply   
Hong Kong Qindex 15:29 GMT May 9, 2004
GBP/USD (Weekly Cycle) : The key level of my weekly cycle is located at 1.7758. The market is going to trade between 1.7758 - 1.7944 initially this week. If the downward trending momentum is strong enough to penetrate through the key quantized level at 1.7758, the weekly cycle lower barrier is likely to be challenged..............................

Normandy Nick 09:55 GMT May 11, 2004 Reply   
short on pound if 1.7610 prints, tight stop

china qq 09:51 GMT May 11, 2004 Reply   
me, i longed GBP at 1.7617

Bristol David 09:46 GMT May 11, 2004 Reply   
Long Cable 1.7619

Zaporozhye, UA Nemo 09:42 GMT May 11, 2004 Reply   
Anybody try to buy GBP at the moment?

hk revdax 09:42 GMT May 11, 2004 Reply   
IMO...$/CHF is a sell as long as yesterday's Hi is not taken out.

Ldn 09:36 GMT May 11, 2004 Reply   
Hong Kong Qindex thanks will look out for that level
sorry for the later reply just seenyour post

ham cla 09:34 GMT May 11, 2004 Reply   
stg/jpy..... rumour of good bids at 200.00/20

Normandy Nick 09:32 GMT May 11, 2004 Reply   
the bottom for gbp is at 1.7615 now, if 1.7650 prints, a bad sign for the downtrend is a price at 1.7650, very bad sign 1.7670. as long as it holds, long trade on dollar are ok

saloniko 2004 nk 09:31 GMT May 11, 2004 Reply   
london 07:51 GMT May 11, 2004


Simple..Euro will stop around and USD/CHF will fly higher..(lol)

nk

PAR 09:27 GMT May 11, 2004 Reply   
High oil prices, weak Euro, low european interest and high european taxes are killing internal european consumption and since production is more and more outsourced also the european economy.

Ldn 09:26 GMT May 11, 2004 Reply   
OECD: Major Risks To UK Economy From Housing Market

hk ab nz 0.65 in 3 months 09:24 GMT May 11, 2004 Reply   
nk, seems u know the OECD news prior to their anouncement...

anyway, need to see you all later NY session.

GL and GT all.

Ldn 09:20 GMT May 11, 2004 Reply   
OECD Sees ECB Cutting Rates 50 Basis Points This Spring

Ldn 09:14 GMT May 11, 2004 Reply   
OECD annual global economic outlook.
China's economic growth is expected to slow to 8.3% in 2004 and 7.8% in 2005 after climbing 9.1% in 2003, the
The forecasts are in line with other international institutions, such as the International Monetary Fund and the Asian Development Bank. Economic indicators since the beginning of the year suggest growth is stabilizing in the industrial sector, with strong investment demand being balanced by some weakening of export demand .A further slowdown in demand growth is likely as the result of the recent tightening of the macroeconomic stanceThe Chinese government has taken a number of steps to cool off demand and prevent overinvestment in selected sectors, including increasing reserve ratios for poorly capitalized banks in March and reducing the refund rate for value-added exports in January.
While a gradual easing of growth is the most likely outcome of the policy tightening, there is a risk that if the investment boom continues unabated the pressure on resources could rise, bringing a squeeze on profitability as input prices accelerate and output prices remain weak Fears that China's economy may be headed for a hard landing have contributed to a sell-off in global stock markets in recent days.
reuters


Normandy Nick 09:09 GMT May 11, 2004 Reply   
target for euro 1.18 chf 1.3080 but better close the shorts on those pairs if gbp touches 1.7620 first

Hong Kong Qindex 09:07 GMT May 11, 2004 Reply   
HK Byron 08:58 GMT - Those are coming from 3-month projection profiles and 44-day cycle.

Ldn 09:06 GMT May 11, 2004 Reply   
OECD sees wider growth gap between US and euro-zone making current account adjustment more difficult without "bumpy" forex moves, but warns stronger euro would just add to euro-zone's pain. Calls for Fed rate hike by mid-year, and urges ECB to cut by 50bp "in the very near term," code for now. APP.

Thanks Qindex.

Hong Kong Qindex 09:05 GMT May 11, 2004 Reply   
London fxfox 09:00 GMT - I do not follow Elliott - Wave.

Hong Kong Qindex 09:05 GMT May 11, 2004 Reply   
Ldn 08:58 GMT - AUD/USD : It is likely that we will see 0.6900 - 0.6909.

Hong Kong Qindex 09:03 GMT May 11, 2004 Reply   
Hong Kong Qindex 16:23 GMT May 9, 2004
AUD/USD (Weekly Cycle) : The key quantised level of my weekly cycle is located at 0.7092. The congested area of my weekly cycle is projected at 0.6836 - 0.7092 ( 0.6836* - 0.6900 - 0.6964 - 0.7028 - 0.7092*). The critical point of my weekly cycle is located at 0.6909. .............................

HK Byron 09:00 GMT May 11, 2004 Reply   
Yup, that would be my pleasure! :)

Gen dk 09:00 GMT May 11, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

London fxfox 09:00 GMT May 11, 2004 Reply   
GBP/JPY........BIGGER CYCLE I think he use elliot wave cycle??

Hong Kong Qindex 08:58 GMT May 11, 2004 Reply   
HK Byron 08:53 GMT - We should arrange more dinner gathering ........... *.-.*

Ldn 08:58 GMT May 11, 2004 Reply   
Hong Kong Qindex good day, Aud do you think we will see 69 today or lower thanks

HK Byron 08:58 GMT May 11, 2004 Reply   
Dr.Q can you explaint more about the bigger cycle? :) Thanks in Advance.

HK Byron 08:53 GMT May 11, 2004 Reply   
Dr.Q, thx for advice. I still remember your words at dinner time. I'm doing it will small size.

Wish u luck for trade!

Hong Kong Qindex 08:51 GMT May 11, 2004 Reply   
HK Byron 08:46 GMT - GBP/JPY : A bigger cycle is trying to overtake the ride and its market rhythm is represented by more than 1,000 pips, so take care!

London fxfox 08:51 GMT May 11, 2004 Reply   
Hong kong completely agree with you..yesterday made me crazy

Hong Kong Qindex 08:49 GMT May 11, 2004 Reply   
HK Byron 08:46 GMT - GBP/JPY : This pair of currency is very, very volatile and it is a killer.

HK Byron 08:46 GMT May 11, 2004 Reply   
Dr.Q, Great analysis on GBPJPY! Cheers! :)

Moskow 08:46 GMT May 11, 2004 Reply   
if you are looking for a reliable history data for trading system verification and precise technical analysis visit
this
it is one of the trustworthiest & effective forex quotes history for intraday trading over net.
Intraday data are presented since 1997.

Normandy Nick 08:42 GMT May 11, 2004 Reply   
actually it's 1.7620/25 not 1.7610....

Normandy Nick 08:41 GMT May 11, 2004 Reply   
pound opened the gate for 1.7610 since it went through 1.7675 but I'm not trading that one. Looks too wild and nervous...

PAR 08:36 GMT May 11, 2004 Reply   
Looks like high UK interest rates are pushing UK manufacturing back into severe recession.

Normandy Nick 08:35 GMT May 11, 2004 Reply   
I've got a buy order on chf at 1.3045 bid , and I add on short euro at 1.1835 bid

ham cla 08:32 GMT May 11, 2004 Reply   
uk IP flat m/m, -0.6% y/y

Ldn Cashman 08:27 GMT May 11, 2004 Reply   
SS- well done sticking your neck out yestaerday. Good call

Miami OMIL (/;-> 08:26 GMT May 11, 2004 Reply   
Thanks for the info CLA hope you are doing well. GT

london 08:26 GMT May 11, 2004 Reply   
USD/CHF had failed to follow through on friday's abberation, can't even take out 1.3050. whenever a pair tries to go up on rumor or fact but can't it's time to SELL.
buy the rumor SELL the fact, or if you perfer, buy the fact SELL after the fact.

ham cla 08:23 GMT May 11, 2004 Reply   
eur/usd .... paris is buying at 1.1865

st. pete islander 08:10 GMT May 11, 2004 Reply   
Haifa ac 08:01 GMT Hello! No, my other half much better looking and she knows how to sail! But you have the right idea. Hope you are well. GT

Normandy Nick 08:09 GMT May 11, 2004 Reply   
euro went to 1.1895, this price is also the high of sunday and is very close to the 50 ema of the hourly chart.If players are convinced this pair should go further down, regarding the price action of friday, then, we might have seen the high for today. Also, usd/chf keeps opening above its 50 ema (hourly). I'm short at this point, with a square at 1.1920. Stop 1.1935, new square at 1.1960 and bearish anyway as long as 1.20 doesn't print.

PAR 08:08 GMT May 11, 2004 Reply   
Looks like UK industrial production and manufacturing data will be sharply higher than expected after downward revising previous months. Both data expected well above 1.3%.

Haifa ac 08:01 GMT May 11, 2004 Reply   
st. pete islander 07:05 //With Sharon Stone on deck. You forgot!

Brisbane L 08:01 GMT May 11, 2004 Reply   
Tony Blair has told 'close associates' that he will stand aside as PM, and make way for Gordon Brown to succeed him, if he comes to believe that he is a liability to Labour's electoral prospects.Guardian article

london 07:51 GMT May 11, 2004 Reply   
saloniko
how can USD/CHF move above 1.33 @ this stage Even if Euro stay around 1.1888 ..,?? Tia

saloniko 2004 nk 07:46 GMT May 11, 2004 Reply   

Without a move above 1.31+, of UD/CHF days ahead means that Euro still is waiting to go further UP as a delay move and USD/CHF to kiss maybe, First New Lows B4 further UP..

Have a nice day!

nk

London fxfox 07:40 GMT May 11, 2004 Reply   
GBP/JPY NEXT TARGET IS 203.00 now it is jist correction..........

HK Byron 07:36 GMT May 11, 2004 Reply   
Dr.Q thanks for GBPJPY update, i'm looking 198.8 first... 196 will be my bonus :)

saloniko 2004 nk 07:32 GMT May 11, 2004 Reply   
Good Morning..

Even if Euro stay around 1.1888 ..,USD/CHF will move above 1.33 @ this stage and normaly around 1.35+ ...

Later might see new lows..of USD/CHF

nk

sydney balmain 07:29 GMT May 11, 2004 Reply   
euro and aussie shud pop above 1.1900 and 0.7000 in the short term. Favour trading higher ranges/fill gap/ while downside risk has abated. waiting for fresh impetus for next directional move. good luck.

Hong Kong Qindex 07:26 GMT May 11, 2004 Reply   
Hong Kong Qindex 07:24 GMT May 11, 2004
GBP/JPY : Quantized Levels of 3-Month Projection Profile


... // 196.41* - 197.93 - 199.44* - 200.96 - 202.47* // ...

Miami OMIL (/;-> 07:11 GMT May 11, 2004 Reply   
Islander we don’t need the whole island just part of it lol. Whatever you set your mind and soul to do you can do it IMO.

Miami OMIL (/;-> 07:08 GMT May 11, 2004 Reply   
Viies my intraday trade is a contra trade and looking to get some scraps before the presumed test of the 1.1760 area that is why I will keep a tight stop on this one. GT

st. pete islander 07:05 GMT May 11, 2004 Reply   
Thx OMIL .... could be interesting day. The trick is to trade from the sailboat, running the islands in the process. Someday maybe.
gt

Ltn th 07:05 GMT May 11, 2004 Reply   
link = leak

Ltn th 07:03 GMT May 11, 2004 Reply   
l// I havnt seen any reasonably believable links impacting s/t business or AUD except massive surplus to be allocated. Still you never know. They might tinker with something like parity pricing.

Tallinn viies 07:02 GMT May 11, 2004 Reply   
Miami OMIL (/;-> 05:43 - planning to sell near 1,1915/35 area...

Canberra Peter Costello 07:02 GMT May 11, 2004 Reply   
My 9th and last fed budget comes down at 7.30 pm on the ABC.

PAR 07:01 GMT May 11, 2004 Reply   
Central bankers and politicians dont have to pay themselve for the gasoline in their cars and thats why they are not worried about inflation. Let them pay for gasoline and core inflation will become irrelevant .

Miami OMIL (/;-> 06:58 GMT May 11, 2004 Reply   
FWIW Islander I have an intraday buy signal with tight stop coming up after the resistance has been taken out completely. Next resistance coming up after that is around 1.1960-70 area for now IMHO.

Brisbane L 06:57 GMT May 11, 2004 Reply   
Sydney Ge11Ja we could get a bit of a bounce on the aud , but cant see it holding above .70
anyone looking to buy a few ?

Ltn th 06:57 GMT May 11, 2004 Reply   
Fin will post transcript from 7.30.
ABC site budget link will also have it. News radio may carry it live as probabl;y will existing CA TV programmes

sydney fg 06:53 GMT May 11, 2004 Reply   
thks brisbane.

Sydney Ge11Ja 06:51 GMT May 11, 2004 Reply   
With regards to the AUD and the budget, they way it tends to work is the AUD rallies in to the budget and then comes off straight after the announcement.

But then we have to be wary of the old adage, the way things have worked in the past isnt always and indication of how they will work in the future!

LAX-LGB SNP 06:49 GMT May 11, 2004 Reply   
have decided to dump my long $chf plan since buying gbpchf appears more lucrative ahead of 2.3031
also considering a short eur$ if it fails ahead of 1.1950

MONACO OGA 06:47 GMT May 11, 2004 Reply   
FX UPDATE 11/05
Good morning,

***EUR***
EUR/USD (currently 1,1870), 20 pips higher than Monday's opening. Yesterday the market consolidated after last week's excessive volatility. 1,1810-15 seems to be providing support so far while 1,1900 is looking offered. The market focused on stocks, with all year's gains beeing erased due to the beginning of a US rate hike cycle, and a slowdown of economic growth in China likely to impact on western economies outlook. Critical support still lies at 1,1760. As long as this level remains intact, we can still call it range trading. Like yesterday, we favour a neutral stance with a bullish bias. Short term resistance at 1,1970.

Data out today:

UK industrial production Mar expected 0.6% 08.30 GMT
UK manufacturing production Mar expected 0.5% 08.30 GMT
EURozone OECD economic outlook 09.00 GMT

Gold at 380,00, with WTI June lower at 38.88 on OPEC statement

***JPY***
USD/JPY (113,40). The pair kept on its upwards pace and printed a 8 months high at 114,15. A "Boca Raton" gap at 115 still remains to be closed, but the market feels offered above 114 and japanese stocks bounced back from 6 sessions losing streak. Ideally we would like to see a retracement to 111,50 in the coming sessions.
EUR/JPY currently 134.50, touched 135,25 overnight, we still believe the cross is looking toppish up there.


***GBP***
Cable (currently 1,7750), GBP is looking attracted by 1,76 just like 10 days ago. Support at 1,7700, resistances at 1,7820 then 1,7880. Overall we are neutral, but a test of 1,7450 zone looks very possible.
EUR/GBP (0,6685) is looking to retrace towards 0,6720 pivotal point. We still favour some long positions and if 0,6720 breaks, a retest of recent highs.
Have a nice day,

Olivier

Brisbane L 06:46 GMT May 11, 2004 Reply   
sydney fg I think its around 7p.m. AEST , doesnt seem to be posted anywhere

sydney balmain 06:45 GMT May 11, 2004 Reply   
long [email protected] looking for 1.1920. Think downside risk at moment is not as large as the dust has settled somewhat on global markets. later in the week when US data is released we shud have a fresh stab at the lows. Rallies above 1.19xx shud be sold in anticipation. s/l above 1.200 look safe.

Miami OMIL (/;-> 06:43 GMT May 11, 2004 Reply   
I think it is time to take that sailboat out Islander that way you won’t be dry LOL. We are in the same page I just hope we are in the right page LOL. GL

sydney fg 06:40 GMT May 11, 2004 Reply   
brisbane, what time does budget kick off? Seems no ABC coverage this time. thks in advance.

fwiw, while gold under ~381 and eur under 1.1900, i look to sell aud .7020 if seen, otherwise on break of hrly T/L.

good to see the egos have died down a bit in the forum. And kudos to Martin. You are the mesiah!

g/l all.


st. pete islander 06:38 GMT May 11, 2004 Reply   
OMIL, not too bad. Would not be surprised to see you become quoted far and wide ..... no stink included! My clunky old toy is supposed to kick me if we take out 1.1892 so it is in your area. Gold coming back up. Almost time for rain dance here ... very dry. GL

Miami OMIL (/;-> 06:30 GMT May 11, 2004 Reply   
Islander how are you? I just hope I don’t stink up the place now with bad calls lol. I don’t see much data coming out later to move the eur/usd that much but I see the next resistance coming up in the 1.1890-1900 area we will see how it will hold up. GL GT

Brisbane L 06:23 GMT May 11, 2004 Reply   
Australia budget due later could be prelude to an Aug. 7 election, says senior staffer in governing Coalition.

st. pete islander 06:20 GMT May 11, 2004 Reply   
Good morning, World. OMIL, you're famous! lol

Miami OMIL (/;-> 06:15 GMT May 11, 2004 Reply   
Mike go to the help forum and type (link) on the archives you will find the answer. It is possible to put charts up as links here but nobody really does because most of the time we understand with out looking at other peoples charts what they mean.

sf mike 06:11 GMT May 11, 2004 Reply   
I thought you can post a graphic link here and it will show the picture. I don't know how to do it though.

bahdad Bolshevik 06:05 GMT May 11, 2004 Reply   
jst sprEAd good word gentleman , this forum has more pros , but the other one has ability to posts the maps and better navigation

Miami OMIL (/;-> 06:00 GMT May 11, 2004 Reply   
No problems Mike I don’t mind it is flattering really. It is nice to know I am helping others in other forums ( I hope :-) ) and that they come here for info. I did not think that many people even read my comments LOL. Thanks for that interesting bit of news. GL GT

ML yeah right, we know what happens after that I will stink for a while now LOL

ICT ML 05:56 GMT May 11, 2004 Reply   
Congrats OMIL..you are BIG TIME now...you've been plagerized...LOL......

hk ab nz 0.65 in 3 months 05:53 GMT May 11, 2004 Reply   
sp// aud/nzd 1.1510 (bid) level to watch daily close above that uptrend resumes.

and so forth, downtrend of aud and nzd continues.

sf mike 05:51 GMT May 11, 2004 Reply   
Word for word. You were ahead 6 hours ago. He fessed up though and admitted it was a copy and paste. The post is still there ID #251823.

Miami OMIL (/;-> 05:49 GMT May 11, 2004 Reply   
Mike did he post the SAME word for word and did he post before I did or after? Very interesting indeed.

Brisbane L 05:47 GMT May 11, 2004 Reply   
Citegroup see a risk for EUR/USD downside break of important technical support in 1.1738-1.1830 area the 55-week moving average, long-term uptrend line , any close below 1.1760-1.1816 on weekly basis would shift view to bearish. If that happens, pair would target 1.0763, low hit in September 2003.FWIW
rtes

sf mike 05:47 GMT May 11, 2004 Reply   
He posted the exact words of your 23:56 GMT May 10, 2004 post on another forum. I thought you were the same person.

Miami OMIL (/;-> 05:45 GMT May 11, 2004 Reply   
Sorry Mike I have no idea what you mean by CNTOWER.

Miami OMIL (/;-> 05:43 GMT May 11, 2004 Reply   
You are right viies we have the same views. Right now I have 4hr T/L as resistance but I still see by the technical charts that we may have a higher bounce before a test of the support IMO. I am glad you are well and thanks again for your comments. GL GT

sf mike 05:42 GMT May 11, 2004 Reply   
Miami OMIL// Do you know CNTOWER?

Tallinn viies 05:34 GMT May 11, 2004 Reply   
I have found we have pretty same views. different entrance and exit strategies but picture looks mostly same.

doing well, like most of the time :)
I think euro cant avoid test of 1,1760 this time. next 48 hours will show us how far down we go. imo

bne bob 05:24 GMT May 11, 2004 Reply   
hongkong ark 05:11 GMT May 11, 2004


Have a look at :
http://batr.org/markets/calendar.html

GL

Miami OMIL (/;-> 05:23 GMT May 11, 2004 Reply   
Tallinn viies 05:14 GMT May 11, 2004
Hahaha haven’t seen your comments hope you are well what is your view on eur/usd at this time? tia

Tallinn viies 05:14 GMT May 11, 2004 Reply   
Miami OMIL (/;-> 23:56 - pleasure like always :)

hongkong ark 05:11 GMT May 11, 2004 Reply   
anyone can inform what data and when in u.s.a this week

chester wb 05:00 GMT May 11, 2004 Reply   
shorted [email protected] 1.1862; looking for re test of lows

ulaanbaatar baagii 04:56 GMT May 11, 2004 Reply   
tell me about USD/JPY trend?

hong kong nt 04:17 GMT May 11, 2004 Reply   
GBP/JPY -- hope to see price trade with 198.5 - 201.8 in next 24 hours...

Makati Obelix 04:08 GMT May 11, 2004 Reply   
ML, i hope not as m in the same boat as you are. GL GT

Longmeadow JSB 04:01 GMT May 11, 2004 Reply   
Anyone doing business with censored-Forex.com I am filing a complaint tomorrow afternoon with CFTC. Contact me: John Booke at [email protected]

ICT ML 03:52 GMT May 11, 2004 Reply   
Makati Obelix...thanks very much friend. I guess my short Yen play for it to sell off again was a bad move...

Makati Obelix 03:49 GMT May 11, 2004 Reply   
ML of ICT, Nikkei up 63.60 to 10,948.30 as of 3:36 GMT

Hong Kong Qindex 03:35 GMT May 11, 2004 Reply   
KL KL 03:24 GMT - I do trade.

Hong Kong Qindex 03:33 GMT May 11, 2004 Reply   
HK Byron 03:17 GMT - Good on you!

KL KL 03:24 GMT May 11, 2004 Reply   
Qindex..silly question do you trade the market actively or do you produce research only.

HK Byron 03:17 GMT May 11, 2004 Reply   
Dr.Q, your hints are great! :)

Brisbane L 03:08 GMT May 11, 2004 Reply   
ABC news talk of early election in Australia possible Aug

Makati Obelix 03:02 GMT May 11, 2004 Reply   
Nikkei up 21.15 10,905.85 as of 10:01am HongKong time

ICT ML 02:59 GMT May 11, 2004 Reply   
Dr. Q...thanks for your reply...I have "blundered" it would appear.

Anyone able to tell me what the Nikkei is doing so far today?

Lahore Rk 02:37 GMT May 11, 2004 Reply   
Rivonia PipPirate 20:48

Thanks
GL/GT

Hong Kong Qindex 02:36 GMT May 11, 2004 Reply   
Hong Kong Qindex 04:20 GMT May 9, 2004
USD/JPY (Weekly Cycle) : The pattern of my weekly cycle charts indicate that the market has a tendency to trade between 110.52 - 113.59. The congested area of my weekly cycle is projected at 110.65 - 114.21 and the mid-point reference is 112.43 (110.65* - 111.54 - 112.43 - 113.32 - 114.21*) The key quantized level of my weekly cycle is positioning at 114.21.................................

Hong Kong Qindex 02:35 GMT May 11, 2004 Reply   
sgp sp 02:29 GMT - Good morning!

Hong Kong Qindex 02:30 GMT May 11, 2004 Reply   
Sydney alimin 02:20 GMT - EUR/USD : It is still range bound for the time being.

sgp sp 02:29 GMT May 11, 2004 Reply   
Good morning Dr Q, Byron,

Today is a brand new day for me.....was knocked with a medium gbp/jpy hammer yesterday.....:) it was a crash course on humility. :)

gt 2 the both of u....

Sydney alimin 02:20 GMT May 11, 2004 Reply   
qindex, what's your view about eur/usd? TIA

Hong Kong Qindex 02:05 GMT May 11, 2004 Reply   
Dublin CK 01:35 GMT - You are welcome.

Hong Kong Qindex 02:04 GMT May 11, 2004 Reply   
HK Byron 01:46 GMT - Good morning!

Hong Kong Qindex 02:03 GMT May 11, 2004 Reply   
Miami OMIL (/;-> 01:49 GMT - Good morning! The dinner was good and they are very kind.

Hong Kong Qindex 02:02 GMT May 11, 2004 Reply   
USD/JPY : Speculative selling will increase if the market is trading below 113.

Hong Kong Qindex 02:00 GMT May 11, 2004 Reply   
ICT ML 01:55 GMT - GBP/JPY : I am bias to the downside. USD/JPY : Use the 5-day cycle as a reference, unless the market is trading above 113.95, then I have to look for the right reference.

ICT ML 01:55 GMT May 11, 2004 Reply   
Dr. Q....did you say Yday that Gbp-Jpy was on a 600 pip rhythm, and you were biased towards 196 and not 208?

starting to think I might have got carried away with the Yen selling today and am about to get hammered.....you think?

Oakland Daimyo 01:54 GMT May 11, 2004 Reply   
OMIL P&F charts measure cause and effect. Trading ranges build the cause and breakouts show the effect. Determining box size and reversal points is a matter of preference. I use a 20 x 3 chart for horizontal count tgts and use a 20 x 1 chart for intraday triggers. They confirm (filter) each other.

HK Byron 01:51 GMT May 11, 2004 Reply   
sp, did you get my morning yim message?

Miami OMIL (/;-> 01:49 GMT May 11, 2004 Reply   
Qindex thanks for your comments here in FF. Your dinner party made me very hungry for lobster hope you had a good time. GT

HK Byron 01:46 GMT May 11, 2004 Reply   
Good Morning Dr.Q, thanks for analysis

Miami OMIL (/;-> 01:46 GMT May 11, 2004 Reply   
Thanks for sharing your Ideas Daimyo hope you are doing well. Lock in profits I like that. I wish you could talk a bit more about your analysis on P&F chart when ever you can it is a chart not used very much anymore but I believe it is very useful IMO. GT

Dublin CK 01:37 GMT May 11, 2004 Reply   
Daimyo thks, good analysis also.

Dublin CK 01:35 GMT May 11, 2004 Reply   
Thks for your analysis Dr Qindex

Oakland Daimyo 01:35 GMT May 11, 2004 Reply   
Miami OMIL and others, this is how I see it.
EUR/USD: Distribution (Markdown) cycle continues after brief correction (mean reversion). Letting techs unwind.
1.2037 61.8% Fibo of same move
1.1993 50% Fibo of same move
1.1959 28 session EMA
1.1949 38.2% Fibo retrace of <1.2180 - 1.1807 selloff>
1.1941 28 Day EMA & 14 session EMA
1.1901 Fractal Top
1.1869 Fractal Top
---------------------
1.1807 Fractal Bottom
1.1780 Major TL (4HR) Old Resis/New Support
1st 20 x 3 P&F Horizontal count target (done already)
This area is major support, if real money players do not defend this line, I will view
1.1756 Major Fractal Bottom as vulnerable. Any close below this level will surely bring
1.1500 Old channel line (never completed) back into focus.
1.1360 next 20 x3 Wyckoff Phase (markdown cycle) tgt
Please remember nothing moves in a straight line (non-linear dynamics) pullbacks to retracement zones and MA's should be used as setups for resumption of med-term view. GT By the way, my trailing ATR stop was hit on AUD/USD so I'm expecting some volatility in this one. Locked in profits auto-pilot.

Hong Kong Qindex 01:28 GMT May 11, 2004 Reply   
Hong Kong Qindex 01:28 GMT May 11, 2004
USD/JPY : 5-Day Cycle Reference


... // 110.81* - 111.60 - 112.38* - 113.17 - 113.95* // ...


The odds are in favour of taking short position.

Gen dk 01:12 GMT May 11, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Brisbane L 01:00 GMT May 11, 2004 Reply   
De-leveraging harms yen and antipodean dollarsDe-leveraging was the word of the day on Monday as the yen, together with the Australian and New Zealand dollars and the South Korean won were sent spinning lower by position liquidation.

 




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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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