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Forex Forum Archive for 06/29/2004

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ny amc 23:57 GMT June 29, 2004 Reply   
DOLLAR: Senior currency strategist Michael Metcalfe of State Street addresses the talk of central bank reserve adjustment away from dollars, talk that, as he reminds, peppers the market on a regular basis. Metcalfe notes the recent BIS report (June 28) which indicates that central bank appetite for dollars is beginning to wane, the USD accounting for 69% of reserves at end '03 after allowing for reval effects, down from 77% in '01, he says. While the USD share of reserves remains sizeable, Metcalfe reminds that even small adjustments in the composition of global CB reserves of about $3 tn can create significant portfolio shifts. "Alongside the recent disappointments regarding the trend in the current account balance, net foreign direct investment and net equity flows, these reserve estimates will only remind market participants about the structural headwinds facing the US dollar, Metcalfe says. 06/29 15:56 MNI

ny amc 23:54 GMT June 29, 2004 Reply   
dallas....gep......you still short gbp/usd from yesterday....too bad about getting stopped out on gbp/jpy........2 real nice winners. take care

Dallas GEP 23:52 GMT June 29, 2004 Reply   
MY sincerest apologies guys TANKAN is tommorrow

Bruxville Jim 23:41 GMT June 29, 2004 Reply   
Chicago YM 23:40 GMT // It's coming out exactly in 24 hours and 9 minutes (23:50 gmt June 30)

Bruxville Jim 23:40 GMT June 29, 2004 Reply   
tokyo nyan 23:37 GMT // Thanks for cooperation:))

Chicago YM 23:40 GMT June 29, 2004 Reply   
I thought Tanken was later, what time is it out?

Bruxville Jim 23:38 GMT June 29, 2004 Reply   
Dallas GEP 23:22 GMT // Isn't Tankan due in 24 hours instead of 12 minutes??

tokyo nyan 23:37 GMT June 29, 2004 Reply   
Dallas Gep

Tankan is due at 23:50GMT =tomorrow morning in Tokyo :-)

GA TJ 23:36 GMT June 29, 2004 Reply   
Believe it or not......

Alan Greenspan will get a lot of applause in Frankfurt," said Holger Schmieding, an economist at Bank of America in London, referring to the Fed chairman. "The U.S. is reducing the risk of what Europe fears most."

But when the European Central Bank meets here on Thursday, a day after the Fed, it is expected to leave its key rate unchanged at 2 percent. The Bank of Japan and other Asian central banks are not likely to budge either. Even in China, where the sizzling economy makes the case for a rate increase the strongest, officials may balk at following the Federal Reserve.
.
And with the Bank of England having already tightened its monetary policy, some critics say the Fed seems less a trailblazer than a slowpoke, finally going to work on its own backyard."


Good Ole Uncle Al. Savior to some Satan to others. My money, not always smart money, will be nicely flat by noon est.

Dallas GEP 23:35 GMT June 29, 2004 Reply   
The gbp/usd is tanking down to 1.8060 support levels a sustained bREAK there and GBP sees 1.7955/60

Caribbean! Rafe... 23:34 GMT June 29, 2004 Reply   
this could change as the day wears on.

CHF BUYERS SELLERS
13.46 2.37

Dallas GEP 23:22 GMT June 29, 2004 Reply   
WARNING...The Tankan report out here in less than an hour is expected to have a POSITIVE effect on JPY> However at the CURRENT levels of Euro/jpy gbo/yen especially it would come as no great shock if our Asian friends intervened after the annoucement and SOLD JPY across the board. This could be particularly nasty so stops and limits need to be on possies and on any orders that are waiting for execution.

Normandy Nick 23:05 GMT June 29, 2004 Reply   
Gold Coast martin 22:12 GMT June 29, 2004

Thanx, this is exactly the kind of answer I was expecting.
I close the long pound at 1.8080, waiting for the opening....

Goes (NL) B747 22:48 GMT June 29, 2004 Reply   
van Gecko 22:44 GMT June 29, 2004: why not to use forward date (week/month) ahead?

To me, this looks like headache and stress saver.


GT

London 22:48 GMT June 29, 2004 Reply   
Debt creeps towards £1 trillion
The amount of money owed by consumers has edged closer to the symbolic £1 trillion mark, official figures show.

van Gecko 22:44 GMT June 29, 2004 Reply   
morning.. just woke up to see all these Kangaroo bashing..
I guess its no fun when one is holding the bags with underwater possies plus having to paid 5% carrying interest every night on top of that ..
vely despressing to see all those pips draining out of the account day after day while those bottom feeding pip crumb targets remain so elusive..





Saihat 22:42 GMT June 29, 2004 Reply   
gbp

1.8145 not 1.8206

Saihat 22:40 GMT June 29, 2004 Reply   
could be seen

1.2116

1.2605

1.8208

0.6936

131.26

London 22:34 GMT June 29, 2004 Reply   
Australian financial aggregate data May due 0130 GMT closely watched by RBA if re-acceleration in total credit in April is sustained in May and housing lending up again a RBA rate hike
Citigroup report.

Gold Coast martin 22:22 GMT June 29, 2004 Reply   
UAE..oily...he!he!....

UAE Oil man 22:20 GMT June 29, 2004 Reply   
Yes, no secret for those who go on holidays lol..We won't tell you of the AUD pip giver ahaha!...

Gold Coast martin 22:12 GMT June 29, 2004 Reply   
NICK..since you have been away from the jungle you need to sit on the fence and observe at least until after the FOMC meetings on thursday so that you can get a feel for it and may open new positions..for now euro is just waiting for uncle greenspan to send it towards the south pole again..anticipating euro to resume downward bias to 11870 after rate news on thursday,,,g/t

Normandy Nick 22:03 GMT June 29, 2004 Reply   
Hi the newbies!
Nick is on the phone! I just make my come back on the Holy FX. Short below 1.8040 and long since 1.8054 on the pound. I've been away from the market seen about 2 weeks, so if someone could resume the situation on dollar that would be great (Martin? gbb/usd? eur/usd? any clue?)

Va Raven 21:53 GMT June 29, 2004 Reply   
eur/cad under 1.6270 is a kind of insurance for a safe long usd/cad.

Goes (NL) B747 21:41 GMT June 29, 2004 Reply   
Good evening,

GPB/JPY: looks like time to long

GT

Va Raven 21:32 GMT June 29, 2004 Reply   
Things to watch are gold, oil, stocks and the level of eur/usd at here. It can run without any reason in big time.
Because all the reasons have been there already. Quesion is which one market is to pick for the next move.

OK SZ 21:30 GMT June 29, 2004 Reply   
Raven, think you nailed it on the head there..gl, gt

Brisbane L 21:29 GMT June 29, 2004 Reply   
Sorry for the size , interesting article a colleague emailed me.

"Dollar Reaction to Past Tightening Cycles" by Ashraf Laidi
Forexnews.
Between fall 1977 and fall 1978, the dollar fell more than 15% after US Treasury Michael Blumenthal talked down the US currency in the hope of pressuring Germany and Japan to stimulate their economies, while encouraging exports in the US. It was the dollar’s biggest move in post-war history. The Fed’s tightening, which had started a year earlier, was insufficient in reversing or slowing the dollar’s route, until fall 1978, when Germany and Japan assisted in mounting the biggest concerted intervention operation of the time.
The tightening of 1994-1995 failed to lift the dollar for a similar reason that the 77-78 rate hikes failed to help the currency-policy in Washington, DC and implicit talking down of the US dollar. The aggressive trade policy by the Clinton administration conducted towards Japan, designed to open Japanese markets (semiconductors, autos, glass etc). The policy’s impact n the dollar was so stark to the extent that it was dubbed the "Clinton Debasement" of the dollar. When Treasury Secretary Lloyd Bentsen was asked if he wanted a weaker dollar, he said he wanted a “strong yen”. Those statements sent the dollar in a speculative downward spiral as currency traders believed the US administration was conducting a policy of benign neglect towards its currency.
Another main reason to the dollar's 1994 declines were perceptions that the Fed might have been behind the curve. Nonfarm payrolls averaged about 350K per month, inflation averaged at 2.6% (annual headline CPI) and the Fed's feverish 50-bp rate hike and inter-meeting actions sent perceptions of a miscalculating central bank.
So what’s ahead for the next tightening?
It is possible that the Fed’s upcoming tightening campaign shall produce a falling dollar. Aside from the geopolitical risks and concerns that the US economy has cooled before the Fed has even started to raise interest rates may limit the dollar’s fortunes. A defeat by incumbent president George Bush to Democratic opponent John Kerry could also deliver dollar losses, especially when Kerry’s protectionist rhetoric could saddle the dollar. Tomorrow’s Fed decision will stick to the “measured” script of tightening, implying that rates will increase by their minimum magnitude in June and August, until the data indicates the need to do otherwise. With further rate hikes expected abroad, the Fed’s measured approach shall have modest dollar impact at best.

OK SZ 21:29 GMT June 29, 2004 Reply   
ST, hey what's happening? well been doing other things recently with some futures..will be back soon though..interesting day and should be the same tomorrow. take care and good trading

ML, how you been received your new email address thanks..hope your well.

Va Raven 21:28 GMT June 29, 2004 Reply   
Believe so...... 0 or 50 is to drive the market crazy, but zero chance of that. 25 being fully priced in, so market is to read the statement or words for further clue which I don't think Fed will produce tomorrow.
Bet on a none event event tomorrow.

Brisbane L 21:26 GMT June 29, 2004 Reply   
Martin Cheers

ICT ML 21:22 GMT June 29, 2004 Reply   
Raven......trying to think through tomorrows risk scenario

you think the REAL risk maybe is a ZERO rate hike this time?

then .25 just being an excuse to run stop both directions, and .50 a pro U$D spike with little follow through and the gap being filled by Friday as folks start to find other things to worry about like inflation? Greenie has thrown worse curve balls at us in the past..so leary of tomorrow myself

Gold Coast martin 21:21 GMT June 29, 2004 Reply   
BRISBANE...have various shorts ranging from 7742 all the way to 68....g/t...

Chambery FR JFB 21:20 GMT June 29, 2004 Reply   
SZ, St, thanks :-)

houston st 21:19 GMT June 29, 2004 Reply   
OKIE -- good to see you here...how's the FX mkt treating you? hope all is well and good trades.

Brisbane L 21:18 GMT June 29, 2004 Reply   
Gold Coast martin where are you short from on the Aud Martin ?

houston st 21:17 GMT June 29, 2004 Reply   
Chambery FR JFB 21:14 GMT -- I believe it's 18:15 gmt/2:15 pm edt..gt.

OK SZ 21:16 GMT June 29, 2004 Reply   
2:15 pm est

lisbon sss 21:16 GMT June 29, 2004 Reply   
MELB very thanks for that valuable advice.

Chambery FR JFB 21:14 GMT June 29, 2004 Reply   
G'evening all :-)
Someone knows what time tomorrow this rate announcement is due? TIA
Happy trades :-)

ps 21:10 GMT June 29, 2004 Reply   
mario telefonare fofavor

Va Raven 21:10 GMT June 29, 2004 Reply   
quito_valdez - Started the real account trading now?

Melb mpfx 21:08 GMT June 29, 2004 Reply   
lisbon sss 20:58 GMT // Place a stoploss order for your trade, turn off the pc, go to pub, chat to pretty girls, play some pool, come home and see what has happened, no point sitting watching every tick.. you cannot make a trade go your way by sitting and cheering for it, trust me i know I have tried that method and it does not work....gl and gt

USA Biscuit Boy 21:07 GMT June 29, 2004 Reply   
Just pulling your leg Martin....thanks for the great info you give us......yes timing is a bugger to work out! GT to you :)

ps 21:05 GMT June 29, 2004 Reply   
capito amico

lisbon sss 21:04 GMT June 29, 2004 Reply   
UK J.B now I can say am fine close my position EUR/USD WITH +13 pip

Gold Coast martin 21:03 GMT June 29, 2004 Reply   
USA BISCUIT BOY...my system and info is reliable ...it has been good to me and many people..the only problem like any system its imperfection is that the time spans are not right all the time ..although it is getting better with time...ADVICE?..follow your own system and have conviction in your positions...good trades...

ps 20:59 GMT June 29, 2004 Reply   
smart.. flow index ..by taking action of the ....two time periods first 30 minutes
and the close

ok roman now ....................................

lisbon sss 20:58 GMT June 29, 2004 Reply   
not fine it is like a war am in bad situation

USA Biscuit Boy 20:57 GMT June 29, 2004 Reply   
Hmmmm who to follow.....van gecko with his 0.76 calls for aussie or martin and oil man with their sub 0.60 levels....Martin how reliable is your inside info? Im just curious as many times you call for this or that by end of NY session and 2 weeks later we are still where we began....maybe I need to find a prop trader who makes money every year and ask lol

U.K. J.B. 20:53 GMT June 29, 2004 Reply   
Good luck lisbon you will be fine
keep the faith

LAX-LGB SNP 20:51 GMT June 29, 2004 Reply   
long on aud/gbp and cad looking for a pullback :-)

lisbon sss 20:50 GMT June 29, 2004 Reply   
psychological aspect is the most important aspect in any trade..I began to realize this now..so I have to becaome calm

U.K. J.B. 20:49 GMT June 29, 2004 Reply   
one thing for sure we are in a fantastic business with many high's and low's. Everyday is different and we are all learing all the time doesn't matter how much experience you have.
Good night

UAE Oil man 20:49 GMT June 29, 2004 Reply   
Well you might be lucky or you might not...you can't know for sure till you enter lisbon..and don't miss the train ..LoL.

U.K. J.B. 20:45 GMT June 29, 2004 Reply   
Calm down lisbon you must have levels in mind before you took the position

Gold Coast martin 20:45 GMT June 29, 2004 Reply   
BOCA RATON...just a final word...traders who do not admit to taking advice become unemployed traders...good trades...

lisbon sss 20:45 GMT June 29, 2004 Reply   
suddenly drop to 1.7691 then return to 1.7703 what do call this?

UAE Oil man 20:44 GMT June 29, 2004 Reply   
Yes, you might wanna trade only AUD..that's a good puppy.

U.K. J.B. 20:44 GMT June 29, 2004 Reply   
Eur/aud looks ok from the short side good res at 1.7565 so yes why not

lisbon sss 20:43 GMT June 29, 2004 Reply   
Thanks....I began to notice that EUR/USD BEHAVE abnormally????

lisbon sss 20:41 GMT June 29, 2004 Reply   
anybody know something about EUR/AUD I have sell the pair at1.7503 am I right ?Just drop me a line for a very newbie!!

UAE Oil man 20:41 GMT June 29, 2004 Reply   
a newbie trading euro/aud..Beware..Euro/aud is a killer.

U.K. J.B. 20:40 GMT June 29, 2004 Reply   
15- love

Gold Coast martin 20:36 GMT June 29, 2004 Reply   
UK...JB...HE!HE!..Playing golf and tennis are not compatible with my system so it is no good to you!..g/t

lisbon sss 20:36 GMT June 29, 2004 Reply   
anybody know something about EUR/AUD I have sell the pair at1.7503 am I right ?Just drop me a line for a very newbie!!

U.K. J.B. 20:34 GMT June 29, 2004 Reply   
Gold coast if your system makes money can i buy it ?? then i can spend more time on the golf course and playing tennis

Gold Coast martin 20:32 GMT June 29, 2004 Reply   
UAE...oily...Just to set the record straight the forecasts derive from my own system and it is technically and fundamentally reliant..the rest of the info. comes from different "cultivated" sources.....where there is money involved guesses dont fit in....g/t

clonakilty glenn 20:30 GMT June 29, 2004 Reply   
course I meant story hahahaha

Porto PJT 20:29 GMT June 29, 2004 Reply   
I think everybody is waiting this 25 bps from fed.So rates could be already discounted.

clonakilty glenn 20:29 GMT June 29, 2004 Reply   

Martin fwiw I don't care if you own the bank or you sell ice-cream at the end of Hay St in Perth....all I know is you've made some good calls in aud and I've made money off them - end of stiry as far as I'm concerned - g/t mate

U.K. J.B. 20:28 GMT June 29, 2004 Reply   
So is the aussie o/s here then ???

UAE Oil man 20:25 GMT June 29, 2004 Reply   
Yes, I have said many times that it is not relevant where the "info" from martin comes from (actually looking on a weekly chart reveals the downtrend in AUD$..but i guess people are looking at tick charts like raden mas and get carried away in 20 mnts trends ah!:) ..)..all that is important is that so far the AUD$ is continually moving down on a healthy downward path and he is posting the move that he sees/is informed of..or just guesses..as long as it lasts who really cares if GOD himself is whispering him at night the AUD$ is going down or he does palmestry on his donkey?..

Gold Coast martin 20:24 GMT June 29, 2004 Reply   
NYC...AND BOCA...good day to both of you....

nyc jk 20:23 GMT June 29, 2004 Reply   
ditto Boca Raton 20:18 GMT June 29, 2004. I need not say anything else, have a good day Martin.

Gold Coast martin 20:19 GMT June 29, 2004 Reply   
nyc..jk....chill out...debating specifics and technicals is pointless...simple language is needed and given instead of hiding behind charts and offering diplomatic answers...just a word of advice....your ego will prevent you from maximising what ever potential you have as a trader....i dont hide....i just impart information in a simple manner...where it comes from is irrelevant..if it is consistently accurate over a period of time it is worth following...after all a trader is only as good as his last trade....g/t

Boca Raton 20:18 GMT June 29, 2004 Reply   
I don't assume Martin. I do know you haven't a clue what your talking about here. Nice day.

nyc jk 20:12 GMT June 29, 2004 Reply   
Martin - whenever someone calls you on your b.s., whether it is on you supposed model, your business practices, your knowledge, your contacts etc...you always hide behind confidentiality, or just say you are not at liberty to say or you don't want to give away your secrets etc etc etc. you never cite facts, you never debate specifics, you never answer questions directly. I guess it makes you feel good about yourself to come on this forum and try to fool some of the newer traders who don't know better, but you can't put it over on people who have been around the block in this market.

Gold Coast martin 20:12 GMT June 29, 2004 Reply   
BOCA RATON..correct assumption.....well respected bank which gave too much leverage to options desk....it will not occur again ..i am sure....g/l

Boca Raton 20:08 GMT June 29, 2004 Reply   
I have been in the NAB's Sydney room, and knew most of them in there. The option geeks were an obscure group. They did not mesh well with the rest of the desk. The NAB on a whole is a well respected institution with some good strengths, AUD being one of them. Kiwi is also one with their sidekick BNZW. Lets not get the options business mixed up with their spot desks capabilities.

Gold Coast martin 20:07 GMT June 29, 2004 Reply   
NYC..JK....If you remember 4 months ago a post of mine saying i have a confidentiality clause around my neck permanently you will understand ....just listen, follow my posts and DISAGREE with them ... lol..it is great to be in this forum...it is so diverse...

Bah Bahrain1 20:06 GMT June 29, 2004 Reply   
Gold Coast,martin/// hahaha. make sure not to loss it. GL

USA Biscuit Boy 20:05 GMT June 29, 2004 Reply   
jk you must remember the bank isn't always the house in terms of always being on the right side of the bid/ask spread. Check those FX revenues over a 10 year period and after operating expenses you will be hard pressed to find any that add a significant profit to a banks bottom line.

nyc jk 20:03 GMT June 29, 2004 Reply   
martin the problem area was the currency options desk, do you even know how that works? so you are saying NAB outsources capital to you? is Martin your real name?

London AKA 20:02 GMT June 29, 2004 Reply   
sorry, the censored bit is a place opposite to heaven. just quoting jean-paul sartre

Gold Coast martin 20:00 GMT June 29, 2004 Reply   
BAHRAIN..no i did not ..the loss was discovered by a WOMAN employee and i am a guy ...last time i looked...lol

London AKA 19:59 GMT June 29, 2004 Reply   
trading for a bank is fun: all the resources, like-minded people... the only (for me) reason i don't like it is the schedule... working hours... and like-minded people. censored is other people...

Gold Coast martin 19:58 GMT June 29, 2004 Reply   
nyc..JK...All the system manipulation was done to protect their bonuses and justify their positions...the example i gave you answers your question..OUTSOURCING is the key word...

nyc jk 19:58 GMT June 29, 2004 Reply   
ahh...a voice of reason joins the forum from Boca..

Bah Bahrain1 19:57 GMT June 29, 2004 Reply   
sorry read " heard that they"

Bah Bahrain1 19:56 GMT June 29, 2004 Reply   
Gold Coast, martin/// I heard that you got a BIG bonuses b4 discovering the loss.

Boca Raton 19:56 GMT June 29, 2004 Reply   
This venue is seriously misinformed when it comes to Bank traders. Traders do not take advice.

nyc jk 19:53 GMT June 29, 2004 Reply   
biscuit boy - most banks publish their fx revenues - I think if you looked you would see it is a very profitable business being the house on average, much higher than 50%.
martin - well first of all, the example you give involves much more than just a bad trading view, how about hiding trades, breakign position limits, fraud, etc. ?? secondly, it is very apparent you have never traded for a bank or any other similar financial institution, correct me if I am wrong.....

Gold Coast martin 19:47 GMT June 29, 2004 Reply   
NYC..it s a pity ego and trading sometimes dont blend well..if you cast your mind back to the NATIONAL AUSTRALIA BANK foreign exchange fiasco,,those elite traders were given the right advice in relation to dollar movement and time frame..however their egos did not allow them to follow the instructions and they followed their time frames...result:360mill. loss...had they followed the correct time frame the result:485million profit....thats all i have and are allowed to say...g/t

USA Biscuit Boy 19:46 GMT June 29, 2004 Reply   
JK by 50% I mean that over the medium term dealing rooms perform marginally worse than their expected outcome of breakeven (which the banks by the way are very happy with - they don't like volatility).

Helsinki iw 19:45 GMT June 29, 2004 Reply   
Abby is a saleswoman, totally different breed.

Spotforex NY 19:41 GMT June 29, 2004 Reply   
AJC hasn't made any decent call since 1997/1998...dow has basically been consolidating since 1999.....

overpaid....and missed the whole bubble scenario.

NYC JC 19:40 GMT June 29, 2004 Reply   
Dallas GEP!!

UAE Oil man 19:37 GMT June 29, 2004 Reply   
look at Abey Cohen, there's a good one..Bonus wise she's rock on Wallstreet.

Spotforex NY 19:37 GMT June 29, 2004 Reply   
GVI

U.K. J.B. 19:37 GMT June 29, 2004 Reply   
Me

Gold Coast martin 19:35 GMT June 29, 2004 Reply   
NYC..JK..can you tell me who bank and hedge fund traders turn to for advice that directly shapes their positions?he!he!

U.K. J.B. 19:35 GMT June 29, 2004 Reply   
U have to be fortunate enough to work for the correct institution to give you the correct parameters. Most banks are very risk adverse because the management structure is all wrong/conservative

nyc jk 19:34 GMT June 29, 2004 Reply   
thank you aka. not sure what you mean by 50% batting average Biscuit Boy, guess we know different people then, will leave it at that cheers

USA Biscuit Boy 19:32 GMT June 29, 2004 Reply   
Yes jk I know a few at banks and on a good year they earn very nice bonuses and string a few bad ones together and they are out . Never heard of a dealing room that consistently maintained 50% batting average either.

London AKA 19:30 GMT June 29, 2004 Reply   
i know two guys who made 6, 10, 44 and 46 bucks in their 1, 2, 3 and 4th year respectively. so yes, there are guys who make a lot of money all of the time.

nyc jk 19:30 GMT June 29, 2004 Reply   
martin - no palming here , lol. true that that have a set of rules to play by, and that's why a lot of them have been leaving in recent years to set up their own hedge funds. doesn't mean they are not very profitable traders though when they are employed at banks. money losers don't last long in those roles.

quito_valdez at yahoo 19:29 GMT June 29, 2004 Reply   
"thinking will lose you money". Well, sometimes. I don't get upset at times I think and then lose money. Most times I win and by thinking, not pot luck. You can bet your sweet afterburner I'd think in preference to gambling. Remember I'm in this for the long haul tradewise the way I trade. If my pissie loses 50 pips today, no bother, I'm not closing anyway, I'm in this to crawl up not panic and sell down. Most of you wonderful guys on the other hand are day traders or pip raiders and MUST heel-toe to the forex minute by minute tap dance. And I think most of you do well at it. But remember the big banks are more long term, less risk.

prague viktor 19:28 GMT June 29, 2004 Reply   
The tightenin from 1994-1995from 3%to 6%the usd index dropped -5,1%,so how it will be this time,,???

U.K. J.B. 19:27 GMT June 29, 2004 Reply   
Just returned from a aft. out. ngh day for me saw daylight on Euro long stopped out for a loss of 22 pips. Figs from states very impressive and with the Fed behind the curve we are in for a few intersting days. Feel dolls/yen is a sell close to res. @ 108.75- good night

Gold Coast martin 19:25 GMT June 29, 2004 Reply   
nyc...jk..i dont wish to get into a long discussion but these highly paid guys may be good but they are dictated most of the time by bank policy thus their real talent never surfaces...btw hope you are not using 'Palmistry" to predict your trades..lol....g/t

Calabash TarHeel 19:20 GMT June 29, 2004 Reply   
Gold Coast martin 19:15 GMT June 29, 2004
That's just what I am counting on. Been a censored of a good ride so far.
gl

nyc jk 19:18 GMT June 29, 2004 Reply   
USA Biscuit Boy 19:15 GMT June 29, 2004
Helsinki fwiw I never heard of prop guys who consistently make money every year but plenty who consistently lose

is that a serious comment Biscuit Boy? do you actually know any prop traders at any top banks/ ibanks/ hedge funds? why do you think a lot of these traders get paid so much money if they are consistent losers?

Gold Coast martin 19:15 GMT June 29, 2004 Reply   
CALABASH....there will be many more pips in the bank from the aussie between now and december....be patient,we will no doubt get spikes and they will offer us new entry levels ...the formula is SPIKES=MORE PIPS....G/T

USA Biscuit Boy 19:15 GMT June 29, 2004 Reply   
Helsinki fwiw I never heard of prop guys who consistently make money every year but plenty who consistently lose so their views aren't worth much either.....the market doesn't listen to views....for every bull analyst there is a bear.....in then end just place your bets and enjoy the ride either way and if you get lucky you can say how good you are afterwards :)

Calabash TarHeel 19:11 GMT June 29, 2004 Reply   
Gold Coast martin 19:02 GMT June 29, 2004
I owe you many thanks too Martin, your ceaseless calls for the Aud to maintain its downward path did influence my decisions to short it more times than I can count over the past two months. Banked a large number of pips from those trades.
Again, many thanks and good luck to you.
Take Care

Istanbul shorunmu 19:09 GMT June 29, 2004 Reply   
USA Biscuit Boy 19:01 GMT June 29, 2004
Eur/usd buy order missed by 2 pips


The magic 1.2065 :)

UAE Oil man 19:08 GMT June 29, 2004 Reply   
We've got a loose and lost kangooroo looking for home(under 60's.) ..Help him, and send him home..Short AUD and help the kangooroos.LoL.

Helsinki iw 19:07 GMT June 29, 2004 Reply   
Not to mention the anal-yst from a very reputable German bank that said yesterday that if cable breaks 1,8280 it is on it´s way to 1,91++. There you go, the prop guys at good shops don´t publish their views and the chartists that are published are there for the tier n donuts who are just happy to deal with a big house.

Mtl JP 19:06 GMT June 29, 2004 Reply   
at yahoo 18:58 / fwiw, maybe worth a note: Oil man 17:33 .."thinking will make you loose money"..

UAE Oil man 19:06 GMT June 29, 2004 Reply   
Gold Coast martin 19:02 GMT June 29, 2004

Exactly..Let's finish that Aud..bring it back where it belong's under 60's..LoL.

UAE Oil man 19:03 GMT June 29, 2004 Reply   
Well have to say that those Nasdaq-Dow jones bulls ran a few of my PUTS the index(them and the train lol.)..I understood all was wrong in that market when i bought the last IPO in 1999(doing the flipper..in/out on the same day of the introduce.)at 9 $ and it finished at 56$(I went out) or so the same day...it was called E-SPEED(symbol ESPD i think)..completly a nothing company with no potential(well not much at the time..just another IPO between others), no revenues, just some guys who thought they could make MORE business for companies..it went up and up..finished over 80..perhaps even in the 100's or 200's ..didnt follow it after that LoL....
Now the same company is barely holding the stocks at 17..

Gold Coast martin 19:02 GMT June 29, 2004 Reply   
The moral of the story is:when everything else is not working for you sell the aussie and get back on a winning frame of mind..until december ...g/t

USA Biscuit Boy 19:01 GMT June 29, 2004 Reply   
Eur/usd buy order missed by 2 pips.....need eur/gbp to break 0.6680.

Calabash TarHeel 18:59 GMT June 29, 2004 Reply   
UAE Oil man 18:52 GMT June 29, 2004
They've been hawking the Aud for at least the last 30 days, if anyone were really listening to them the Aud would be over .7300 by now.
Anyways, good calls by you, good luck to you.
Take Care

quito_valdez at yahoo 18:58 GMT June 29, 2004 Reply   
my long at 1.2130 is still there, thinking to put more long in right here..

UAE Oil man 18:52 GMT June 29, 2004 Reply   
I wonder what will those bank anal-yst say in the morning with them throwing last night in the overnight time that AUD$ had recovered, that it was on a fabulous bullish move, it is going to .72 and over..A big train in front of everyone...don't miss it ...lol..I guess everyone has been educated by the NBC 1996-2000 Nasdaq era...

THERE IS A TRAIN, GET IN IT, YOU MISS THE START BUT DON'T MISS THE MOVE...(and offcourse it ends up in tears..)

nyc jk 18:50 GMT June 29, 2004 Reply   
ok thanks cal, gl

chicago cal 18:50 GMT June 29, 2004 Reply   
yesturday i only made 20-25 pips today up almost 200 with the aussie, cable, and euro's all breaking south, everyday is different for me

Bah Bahrain1 18:48 GMT June 29, 2004 Reply   
Nice call on the EURGBP....Mr.Oil Man.
THANKS.

chicago cal 18:47 GMT June 29, 2004 Reply   
jk, tp yesturday sold this morning at 1.8160 break out level the point was to point out the next break out level i typically play intraday and weekly break outs

GER ad 18:45 GMT June 29, 2004 Reply   
Long GBP/CAD at 2.4286

ICT ML 18:45 GMT June 29, 2004 Reply   
Oil man....no, I didn't do ANYTHING.......I sat on hands and slept through the move......just surprised a bit at the strength of the move being so close to FED speak tomorrow.....

another missed trade on my part

prague viktor 18:42 GMT June 29, 2004 Reply   
UAE Oil man :Good day,from which level you will long the usd thanks..

nyc jk 18:40 GMT June 29, 2004 Reply   
ml - not even any moron flow insight today! nah seriously haven't heard anything special on that front, few people talking about the BOE King comments earlier, was the strong US number obviously and some bs blair resignation rumours earlier, but a surprisingly big move considering was supposed to be "quiet" ahead of fomc, jobs , etc!

DXB Maldine 18:35 GMT June 29, 2004 Reply   
NYC thx...was already short at 88. Thanx for the positive outlook..for my sake!

UAE Oil man 18:35 GMT June 29, 2004 Reply   
Hey you longed GBP ICT(???), I thought the plan was to short around 1.8280 lol...What hapenned..got caught in a frenzy of princess in bikinis on top of a diving board ready for the summer summersault to 1.66 levels???

GL.

ICT ML 18:32 GMT June 29, 2004 Reply   
JK...any genius flow insight regarding the gbp collaspe today? caught me off guard a bit as to severity of the move.

nyc jk 18:32 GMT June 29, 2004 Reply   
maldine - sure looks like it, break of 1.8050 ish could be good for at least a run to 1.8000..if you are not already short, kinda tough to sell it here though as it's already down 250 pips today.

UAE Oil man 18:31 GMT June 29, 2004 Reply   
too many people long from 1.2110-30 attracting a lower number as i said earlier..stop stumbling, always been a forte of this market.

UAE Oil man 18:29 GMT June 29, 2004 Reply   
Bahrain , I guess 6735 will do..

No vancouver I don't think anythig it presents as a good long right here,even if i guess it s tempting for intra day..I think the move is not yet finished.

DXB Maldine 18:25 GMT June 29, 2004 Reply   
NYC JK ... any chance cable gets a bit more beat?

DXB Maldine 18:24 GMT June 29, 2004 Reply   
NYC JK ... any chance cable gets a bit more beat?

DXB Maldine 18:22 GMT June 29, 2004 Reply   
Anyone going short on GBP/USD before the fed meeting? Or is it too risky?

nyc jk 18:21 GMT June 29, 2004 Reply   
chicago cal 16:01 GMT June 29, 2004
good thing cable got destroyed today

cal why is that , you were long from 1.83 yesterday?? bit of gallows humour?

Vancouver SMV 18:21 GMT June 29, 2004 Reply   
UAE, do you think cable presents a good buying opprtunity at this level - intraday?
Thanks for your insight.

Las Vegas D 18:20 GMT June 29, 2004 Reply   
Hello all. Any Views on EUR/USD is it going to continue to fall?

Bah Bahrain1 18:17 GMT June 29, 2004 Reply   
Many thanks Oil Man, where to keep the S/L pls?
Have a great night.GL

UAE Oil man 18:15 GMT June 29, 2004 Reply   
presents good opportunities on the short side at current level over .67, I don't see it stay long up there.

Bah Bahrain1 18:11 GMT June 29, 2004 Reply   
Hi frnds, good day to u all
Oil Man/// Hi mate whats your view on the EURGBP pls?

Good luck to u all

CAIRO AG 18:09 GMT June 29, 2004 Reply   
Hello EVERYONE.... WHAT A DAY!!!!
Popped in and SAW the CABLE DOWWWWWNNNN.

Oil Man/ GEP/ BB: Hope u had a good day my friends....

Will be on MSN in couple of hours.

GL & GT TO ALL.

San Diego bobl 18:03 GMT June 29, 2004 Reply   
oh...just saw your post...thank you...
I am flat at the moment and intend to be completely flat when FED announces tomorrow; however, we may see some major players balancing/hedging or hitting the sidelines which will effect chart appearances

San Diego bobl 18:01 GMT June 29, 2004 Reply   
Oil Man...
ty; from your posts I assumed you were short eur/usd...are you in that pair?

Gold Coast martin 17:59 GMT June 29, 2004 Reply   
I posted this before but PARITY of the euro by 30th of december is not out of the question....main contributor is the whole fundamental structure of the european union ...of course dollar strength will contribute.....euro will fall victim to itself....food for thought...g/t

UAE Oil man 17:59 GMT June 29, 2004 Reply   
oops No euro$...it got stopped with a few pips..(see archives for the 2 trades today..).didnt post eurogbp though.

UAE Oil man 17:58 GMT June 29, 2004 Reply   
Yes I m short Eurogbp.

San Diego bobl 17:51 GMT June 29, 2004 Reply   
OILMAN...
are you short eur/usd ; long ; or flat...

UAE Oil man 17:43 GMT June 29, 2004 Reply   
Nice surprise when one lands in quito on top of the moutain in that plateau type place..Well euro is standing on the plateau, and it might be a long and hard way for any further climb,and the easy way out is just folding itself into a ball and rushing down..LoL..

UAE Oil man 17:33 GMT June 29, 2004 Reply   
Well it's going up you long , it's going down you sell...don't need to think valdez...thinking will make you loose money.

ny amc 17:33 GMT June 29, 2004 Reply   
EURO-DOLLAR: Tom Fitzpatrick, chief technical analyst at Citigroup, says market players should try to avoid the "noise" being seen in the market. While Monday saw a break over $1.2200, with the market envisioning a retest of the June 8 highs at $1.2350, by Tuesday these hopes were dashed and players are now gearing up for a move under $1.2100, he says. "Support should come in around $1.2025/45. You have trendline and moving average support down there," Fitzpatrick says. Ahead of the Fed meeting, the euro is likely to maintain the $1.2030 to $1.2230 range it has held in recent sessions. As for FX reaction in post-Fed action, it would take a strong bout of dollar strength to push the euro below its 55-week moving average at $1.1915, Fitzpatrick says, adding. "We have traded below it (late April/early May) but we haven't managed to close below that." The next key support would be the $1.1760 lows seen April 26. "I think you would need to break the whole big figure range ($1.1915 down below $1.1760) for a more impulsive trending move," Fitzpatrick adds

quito_valdez at yahoo 17:19 GMT June 29, 2004 Reply   
Biscuit..true story again. The corrections are what seems to send people ballistic. I look for one more big correction on the 3-5 year chart level then a true double peak with the second peak lower to signal a general 3-4 year downswing in eur/usd chart. World 10 year cycle economics goes along with this but we're delving into political forum stuff at this point..but what think?

LA newbie 17:15 GMT June 29, 2004 Reply   
biscuit and valdez:

so you guys still think gbp/usd is in the uptrend?
but with the interes news coming up tomorrow and US is increasing it, we will see 1.78 soon..

USA Biscuit Boy 17:09 GMT June 29, 2004 Reply   
Valdez if our asian friends continue to intervene (and if recent history is any guide they will) we may well see euro back up those levels. The hard part is picking the bottoms in these corrections and that is where technical analysis can lend a hand. Have to wait and see.

quito_valdez at yahoo 17:03 GMT June 29, 2004 Reply   
Biscuit//we sure shake hands on that one. I look for 1.30 at least for eur/usd by year's end..probably higher and "real probably" higher for spring 2005 at 1.32, the supposed pain threshold for Frankfurt-EZ. Remember, artificial manipulation some CBs tried to pull this spring snapped right back in their faces...the USD is destined to be cheap for some time and as Biscuit said, gradual devaluation, until the USA is darned ready for a reversal. Whomever has the gold makes the rules.

saloniko 2004 nk...1.40+++ 16:59 GMT June 29, 2004 Reply   
Good Evening...

GBP/J ..short players above 200 would love maybe to see it below 180 ...(if they are patient)

USD/CAD ..short players above 1.40 would love to see it at par(I)ty one day..

EURO long and brave players Buying above 1.1888 would love to see it above 1.30 ...

Me
Watching ,waiting, hoping...to Guess/Find out one more time the $B...M

nk





USA Biscuit Boy 16:56 GMT June 29, 2004 Reply   
A gradually declining dollar is very good for the US economy, in fact we need it to maintain our current lifestyles. Without a major culture change (i.e. spend less than we earn and actually start saving both personally and at the fed level) this trend will not reverse......that is not to say there will not be corrections along the way. I cannot see personal savings going up anytime soon and with the war on terror ensuring a nice sized budget deficit for the rest of this decade without some hefty tax increases it is not difficult to guess the long term trend for the dollar.

Oilman I would love the chance to buy aussie at your level....0.69 may hold up tho.....still my buy order is down there at 0.6857 waiting....

van Gecko 16:32 GMT June 29, 2004 Reply   
London AKA 15:26
"09:34 GMT June 18, 2004
a good risk '30 pip piker stop' Aussie baby bull trade..
buy AUD/USD @ market (.6828) stop .6798
could paid 4 to 1 one day, 12 to 1 short term, & 28 to 1 mid term for patient Kangaroo long marchers..fwiw
"
its still not too late to go long at these levels for the .76's if you are a m/t positional trader.. the r/r ratios at the current levles are inversely stacked for both bear/bull positional players..


Sofia NYK 16:29 GMT June 29, 2004 Reply   
Friends, what's about GBP and Blair's resignation? Long GBP at`1.8080.

UAE Oil man 16:28 GMT June 29, 2004 Reply   
Well next on the menu for our fantastic aud is 6838 (with the failure at 6950-6920 which i talked about for a few days.).

So buckle up and get ready for more kangoroo hopping.

quito_valdez at yahoo 16:21 GMT June 29, 2004 Reply   
Cheap usd decreases inflation? I didn't say that and have no opinion on it as real world does not equal theoretical world. A cheap USD theoretically encourages domestic production for export, increases relitive prices of imports to force consumers to buy more national products & less imports. That increases jobs because of more demand for national prods increasing tax revenues (not talking tax rate here) because workers make more $, decreases USA's trade deficit (more exports). That's all I'm saying.

HK Kevin 16:21 GMT June 29, 2004 Reply   
Still don't have a buy signal of EUR. If you want to long EUR, EUR/JPY is prefer.

UAE Oil man 16:16 GMT June 29, 2004 Reply   
Software and techs and mostly manufactured in india this days, valdez...Watch Bangalore for exemple the little Sillicon valey!

Bruxville Jim 16:12 GMT June 29, 2004 Reply   
quito_valdez at yahoo 16:07 GMT // How come that cheap USD decreases inflation???

quito_valdez at yahoo 16:07 GMT June 29, 2004 Reply   
right on the type of news tomorrow, realize that. On 5 year chart eur/usd is at a turning point, trending up at the moment. Tomorrow as far as 5 year chart goes -could- be the end of that pair's uptrend for years to come to see stronger usd for some time to come. But for some gut feeling I don't think so...usd needs to stay cheap to allow USA to export/manufacture more to reduce deficit, increase jobs, increase tax revenue. Software (Gate$ type$) and tech is what I'm talking to export here..not mad cow hamburger meat or other ag products, more durable goods too. New construction needs a low Fed int rate and therefore has conflict with inflation...net result I feel will be a continuance for cheap USDs.

Rye, NY et 16:06 GMT June 29, 2004 Reply   
Short EUR/USD 1.2122;cut 1.2185;take 1.1995

Bruxville Jim 16:02 GMT June 29, 2004 Reply   
WASH DC Tempus 15:57 GMT // seems that's not what you asked for:))

Still, anyone buying Eur/cad in its 1.63 ties?

chicago cal 16:01 GMT June 29, 2004 Reply   
good thing cable got destroyed today, next support level on cable is around 1.8040-45 if/when this level breaks would be considered a short

Bruxville Jim 16:01 GMT June 29, 2004 Reply   
that goes to 'WASH DC Tempus 15:57 GMT'

Bruxville Jim 16:00 GMT June 29, 2004 Reply   
1.8060/65 has been seen.

USA Biscuit Boy 16:00 GMT June 29, 2004 Reply   
Martin Greenspan has been signaling to the markets for quite some time interest rates will be rising from now on in the US.....it won't be big news tomorrow....unless a 50bp hike and the word "measured" removed (not likely). But even this is bad for the dollar medium term as it would kill the stockmarket which is the only thing keeping us from a one way bet against the dollar at the moment.

houston st 16:00 GMT June 29, 2004 Reply   
WASH DC Tempus 15:57 GMT -- show 1.8070 bid, w/ 4 pip spread on my platform in the last 15 minutes..technically, yes a buy order should have been filled..gl/gt.

WASH DC Tempus 15:57 GMT June 29, 2004 Reply   
What was low on GBP just now......
Should an order at 1.8075 have been filled?

TIA

Gold Coast martin 15:50 GMT June 29, 2004 Reply   
QUITO..while agree that betting on news day sends the euro charts up irrespective of good or bad data ,tomorrow is no ordinary data release...it is data that will determine the future trend of the usd for the year..so fundamentals override technicals as far as considering opening trade positions for tomorrow..g/t

MIA MB 15:50 GMT June 29, 2004 Reply   
Does anyone know anything about the Iraqi currency? Can it be traded like other currencies or is it a scam if someone is selling this as an investment? Thanks

quito_valdez at yahoo 15:40 GMT June 29, 2004 Reply   
Raven// I'm in this as most possies for 1-2 week periods, I realize this could dump on me in the next few days but overall uptrend is what I'm after on what I percieve are dips. Betting news day tomorrow shoots eur/usd chart UP as usual with no regard to good USD news as well..so 4 me this long eur/usd possie makes me happy. My possies are ONLY for longer term and by -coincidence- they may be good for day trading...nothing more.

Saihat 15:36 GMT June 29, 2004 Reply   
1.2152 1.2156

1.2561 1.2553

1.8185 1.8196

108.28 108.02

0.6955 0.6962

1.3443 1.3459

131.60 131.31

quito_valdez at yahoo 15:33 GMT June 29, 2004 Reply   
Raven: I'm long eur/usd at 1.2130.

Va Raven 15:31 GMT June 29, 2004 Reply   
quito_valdez - You long or short eur/usd?

UAE Oil man 15:31 GMT June 29, 2004 Reply   
UAE Oil man 09:52 GMT June 29, 2004
for those who didnt/don't know what to do ..remember the good old AUD$ 7000-7030 offers very nice Shorting opportunities, for few pips (trading range 6950-7030 now)and possibly more to come upon a failure of 6950.. (getting bored repeating the same thing all the time.)

HK Kevin 15:30 GMT June 29, 2004 Reply   
Long small USD/JPY at 108.13. Expect a move to 109.10 tomorrow Asian session.

mex sjs 15:29 GMT June 29, 2004 Reply   
quito you have mail

mex sjs 15:29 GMT June 29, 2004 Reply   
quito, yes..no problem at all....

London AKA 15:26 GMT June 29, 2004 Reply   
guys, any examples of recent clear aud trades? thanks!

quito_valdez at yahoo 15:24 GMT June 29, 2004 Reply   
Right Gold Coast, sometimes like too many of us, am guilty of technical overdependance,TKS amigo. Brains & common sence ultimately our "real world" calculator.

Gold Coast martin 15:21 GMT June 29, 2004 Reply   
UAE..OILY...never a truer statement on the aud....since start of year it has been like a licence to print money....he!he!

quito_valdez at yahoo 15:20 GMT June 29, 2004 Reply   
mex sjs: is your platform OK?

London AKA 15:17 GMT June 29, 2004 Reply   
1.2535 target for short usd/chf overnight...

USA Biscuit Boy 15:17 GMT June 29, 2004 Reply   
Hopefully when eur/gbp buy orders have all gone thru the machine it can come of to 0.6660 and allow us to buy eur/usd at better levels!

UAE Oil man 15:17 GMT June 29, 2004 Reply   
Anyways when all is unclear..there is the AUD..which is clear LoL.

Gold Coast martin 15:16 GMT June 29, 2004 Reply   
QUITO...as the current market is more fundamentally driven than technical,dont rely solely on technicals....g/t

quito_valdez at yahoo 15:13 GMT June 29, 2004 Reply   
Gold Coast// Tks 4 ur post...I'm not betting Fed won't raise..betting they will, just posing a contra & yes inflation data important; we know more or less what that will be so priced in partially but you know "news days"..eur/usd chart shoots up no matter. 15 day support line for eur/usd = 1.2115-ish, 30 day support trend around 1.2100. Biscuit's order is practically a guaranteed win...will pounce on that level as well once it's reached as well.

HK Kevin 15:12 GMT June 29, 2004 Reply   
IMVHO, EUR/JPY and EUR/GBP don't suggest a lower EUR.

HK Kevin 15:09 GMT June 29, 2004 Reply   
Closed all short EUR/JPY positions at 131.26.

USA Biscuit Boy 15:05 GMT June 29, 2004 Reply   
I have my buy order for EUR/USD at 1.2066 and GBP/USD at 1.8034.....hope they get filled at some stage......end of month shananigans providing some nice opportunities :)

Gold Coast martin 15:04 GMT June 29, 2004 Reply   
QUITO..Whether they do or not is not relevant for tomorrows levels..what is important is the statement...the statement must address the inflation issue and it is this that will give the euro longs an unpleasant coronary attack...so buy euro today when the reward is a coronary tomorrow....g/t

ny amc 15:01 GMT June 29, 2004 Reply   
OIL MAN.........nice call on aud/usd yesterday

Hong Kong Qindex 15:01 GMT June 29, 2004 Reply   
Spot Gold : The market is under pressure.

Hong Kong Qindex 10:20 GMT June 29, 2004
Spot Gold : Quantized Levels of 44-Day Cycle

... // 387.2* - 388.8 - 390.4 - 391.9 - 393.5* - 395.1 - 396.7 - 398.25 // 399.8 ...

UAE Oil man 15:00 GMT June 29, 2004 Reply   
looks like 100% of the people here see a "line in the sand" at 1.21..So we should probably go lower.

quito_valdez at yahoo 14:59 GMT June 29, 2004 Reply   
My bank hogged me 10 pips to make me at 1.2130, actually bought eur/usd at 1.2120. Wouldn't it be a gas if the Fed DID NOT raise int. tomorrow...you know tricky Greenie..those long in eur/usd would have pleasant coronaries instead of unpleasant ones.

HK Kevin 14:46 GMT June 29, 2004 Reply   
EUR/JPY breaks 131.45 so easily. Keel all shorts with t/p at 131.20.

quito_valdez at yahoo 14:44 GMT June 29, 2004 Reply   
I bought uer/usd minutes ago at 1.2130..maybe a tad too soon but near the base line.

Sydney Alimin 14:41 GMT June 29, 2004 Reply   
long gbp 1.8068 here, let's see

Nottingham 14:39 GMT June 29, 2004 Reply   
cable...testing trendline

HK Byron 14:38 GMT June 29, 2004 Reply   
Oops, seems some posts just killed...

HK Byron 14:36 GMT June 29, 2004 Reply   
Bruxville Jim// still not faimilar with their six digit price quotes...

HK Kevin 14:36 GMT June 29, 2004 Reply   
van Gecko 14:01 GMT, sorry for the late reply. I also think it's time to start accumulating the Conts for m/t trades. Currently only hold short EUR/JPY from 132.02, t/p 131.50 and 131.30.

Bruxville Jim 14:31 GMT June 29, 2004 Reply   
hk ab - are you still holding your eur/aud shorts?

Gold Coast martin 14:30 GMT June 29, 2004 Reply   
The march south has begun for the euro aud and kiwi....the goose is already getting cooked...enjoy the benefits....g/t

clonakilty glenn 14:29 GMT June 29, 2004 Reply   
1.2110 on esignal aussie and 1.2114 low offered on platform - bloody quick decision req'd tho!

houston st 14:28 GMT June 29, 2004 Reply   
1.2114 and 1.2111 bids on my two platforms.

Cairns Aussie 14:26 GMT June 29, 2004 Reply   
HK Byron 14:21..never touched 1.215 on my platform or charts....nice

chicago cal 14:26 GMT June 29, 2004 Reply   
now that i locked in some profits for today i need to know who to bet on in this port. vs. hol. matchup?

UAE Oil man 14:25 GMT June 29, 2004 Reply   
As usual...we can note the failure at 6950 of the ozi...

LoL.

HK Byron 14:21 GMT June 29, 2004 Reply   
Longed cheap EURUSD at 1.2115... stop loss behind 1.2080...

SanFrancisco tg 14:19 GMT June 29, 2004 Reply   
Blair is unlikely to resign. Men with historic vision and a spine have no cause for such action. If by chance he does, likelyhood is the socialists continue to think joining the EU (Soviet Union Format Revisited) is a good idea and Sterling likely to falter due to reduced economic value prospects for Britain.

houston st 14:18 GMT June 29, 2004 Reply   
rom nick 14:09 GMT-- I'm 101.9% sure.

Calabash TarHeel 14:13 GMT -- yes, it's been very wet..the local weather man says chance of rain through October! thanks for your concern..sun is out at the moment so maybe it will begin to dry us out..next to hit us is the giant mosquitos..got a spare room? good trades.

Sydney gvm 14:18 GMT June 29, 2004 Reply   
initial selloff bond reaction to figure has pretty much been recouped - lets see if currencies recover in the same vein - my opinion is that they will

London e 14:15 GMT June 29, 2004 Reply   
Shouldn't we expect a 500 pip rally when that traitor resigns.

Calabash TarHeel 14:13 GMT June 29, 2004 Reply   
houston st
Glad to see that you haven't been washed away. Still flooding there?
gl,gt

USA Biscuit Boy 14:13 GMT June 29, 2004 Reply   
USD/CHF weekly sell limit order filled at 1.2623....GL and GT.

Antwerp Tom 14:12 GMT June 29, 2004 Reply   
BB, and Greenie suffering heart attack

USA Biscuit Boy 14:09 GMT June 29, 2004 Reply   
I think this is the 5th time Blair has resigned....almost as impressive as Bin Laden being captured 8 times lmao

rom nick 14:09 GMT June 29, 2004 Reply   
is consumer confidence really 101????

houston st 14:07 GMT June 29, 2004 Reply   
One report says it was an unsubstantiated rumour that UK PM Blair might face a Commons confidence vote, and triggered stops sub-1.8150 on gbp/usd..like one person told me earlier, breaking wind could move the market right now..good trades.

Antwerp Tom 14:03 GMT June 29, 2004 Reply   
Consumer Conf. Why not 116.8? Don't believe these figures.

quito_valdez at yahoo 14:03 GMT June 29, 2004 Reply   
No, I can NOT imagine a guy like Blair resigning, much less in some mid east stink hole, to ditch his country. Sorry...someone did this to create market hype and make a few pips.

van Gecko 14:01 GMT June 29, 2004 Reply   
good night Kevin.. good rumor induced Cable buy at the figure if seen.. the eccentric old fella about to do some shortie KITA swings up to the 1.86-> 1.90's..

GENEVA FHR 14:00 GMT June 29, 2004 Reply   
Consumer Confidence 101.9

Antwerp Tom 14:00 GMT June 29, 2004 Reply   
Thanks Valdez, with elections coming up, i don't see much further action than 25bp...

rom nick 13:59 GMT June 29, 2004 Reply   
any data from the US?tia

quito_valdez at yahoo 13:56 GMT June 29, 2004 Reply   
The first session of the two-day Federal Open Market Committee (FOMC) meeting on interest rate policy begins today. Don't expect anything out of today's session, but heads up for tomorrow's 2:15 p.m. policy statement.

..already priced in an almost certain quarter-point rate hike, and we need to see signals for more Fed action in coming months to extend gains. (?) Higher U.S. rates help close the yield disadvantage that dollar-based investments offer compared to European, Canadian, and Australian equivalents

Global-View GVI 13:54 GMT June 29, 2004 Reply   
Blair is in Turkey attending the NATO summit so doubt the rumor is true but did seem to coincide with the cable fall.

Eilat Dolphin 13:54 GMT June 29, 2004 Reply   
NY/ Can you imagine a guy like Blair resigning in Ankara???

NY 13:52 GMT June 29, 2004 Reply   
GVI Jay.
Is the Rumor about Blair accurate.
Thanks

Calabash TarHeel 13:50 GMT June 29, 2004 Reply   
NZD/$ short from .6415 closed at .6350
gl,gt

Antwerp Tom 13:49 GMT June 29, 2004 Reply   
...and BOBL

Antwerp Tom 13:47 GMT June 29, 2004 Reply   
Thanks Notts & Jim. GT

San Diego bobl 13:47 GMT June 29, 2004 Reply   
It's a 2-day meeting...2:15 EST for announcement; they are very specific on announcement times

Bruxville Jim 13:46 GMT June 29, 2004 Reply   
Antwerp Tom 13:43 GMT // They might give some comments tonight, but not announce rates.

Nottingham 13:46 GMT June 29, 2004 Reply   
tomorrow antwerp

Antwerp Tom 13:43 GMT June 29, 2004 Reply   
FOMC rate decision for sure tomorrow (2:15 PM) or is there a chance they announce tonight? GL & GT

Nottingham 13:39 GMT June 29, 2004 Reply   
gbp...eurgbp may make a high of 6710-20 at which point cable longs may work...imp trendline exists at 8060 and is gateway to sub 1.80 if taken; demand likely to appear given extent of move prior to FOMC...gl gt

Indonesia Solo Raden Mas 13:38 GMT June 29, 2004 Reply   
resistant 1.8150 be broken.
wecome to 1.8080, maybe from here buying emotion come after broken 1.8150.

Global-View GVI 13:37 GMT June 29, 2004 Reply   
GVI 13:29 GMT June 29, 2004
Blair resignation rumor may have been what hit cable.

Bahrain Within 10 Pips 13:37 GMT June 29, 2004 Reply   
Buying

HK Kevin 13:35 GMT June 29, 2004 Reply   
van Gecko 13:21 GMT, bulls and bears wrestle between 1.33-1.34 range.

tampa lw 13:29 GMT June 29, 2004 Reply   
bahrain you buying now or waiting for 2100?

Helsinki iw 13:28 GMT June 29, 2004 Reply   
Yes, cable always was wide and wonderful, haha. Especially when Shearson was about.

Bahrain Within 10 Pips 13:23 GMT June 29, 2004 Reply   
Buying Euro again at 1.21 ----to 1.2265

van Gecko 13:21 GMT June 29, 2004 Reply   
$Cad testing the crucial 1.34 neckline again with modified back to back Weekly Sell Fractals..
below is a 4 figure dive down to 1.30 before any significant support from m/t Dollar bulls..
m/t Dollar bears could see the Aussi Kangaroo doing some fast catching up with the great Canadian Geese now opening a big lead on their L/T race to Parity..
"06:31 GMT June 16, 2004
$Cad on verge of confirming a L/T dead Goose bounce.. targets for short marching M/T Goose flyers are 1.34->1.30..
its fashionable to be a 'Son Of Beatrice' $Goose flyer again..
have a nice flight to 1.28.."


be lucky.. Sell Dollar Blips across the board.. stay happy..
Cheerios..


tampa lw 13:21 GMT June 29, 2004 Reply   
what's the odds on eur/usd hitting 2100

NY Christ 13:20 GMT June 29, 2004 Reply   
short gbp/usd target 1.8100 sl 1.8250

Spotforex NY 13:17 GMT June 29, 2004 Reply   
Then you had the voice brokers inform the bid/ask price in a pair....

Cable is Dorthy Hamil (figure - eight)

Indonesia Solo Raden Mas 13:13 GMT June 29, 2004 Reply   
HI FRIENDS !!
be carefull with gbp/usd when tpuch 1.8157 area
maybe as buy level.

ny amc 13:12 GMT June 29, 2004 Reply   
man was that a quick stop out.......oh well

Bahrain Within 10 Pips 13:12 GMT June 29, 2004 Reply   
High Low
^dji Day 10,421 10,297

ny amc 13:00 GMT June 29, 2004 Reply   
buy gbp/usd 1.8190 sl 1.8165 tar 1.8245-50

LA Mel 12:58 GMT June 29, 2004 Reply   
score- 4 score and 20
pony- quarter horse 25
and the ol 'quick price for dusseldorf', which meant any part of 100 trinkhaus... ya people used to talk to one another back then...

nyc jk 12:55 GMT June 29, 2004 Reply   
how about Pavarotti = tenor (10) !

LA Mel 12:54 GMT June 29, 2004 Reply   
fiver lady godiver.

Helsinki iw 12:52 GMT June 29, 2004 Reply   
Yes Art, one tends to miss those days. Someone with a better knowledge of the cockney language could perhaps post a translation with explantions to all those numbers? Just for old times sake. I seem to have forgotten most o them, but if I remeber correctly a fiver was a lady?

Stockholm za 12:46 GMT June 29, 2004 Reply   
fwiw... Looking at your post.. Your stop lost got hit...!!!!
Quick to post the entry... Slow to post the exit... ???

prague jv 12:17 GMT June 29, 2004 Reply   
intraday - gbp/usd short pos. finded support @ 1.8185 and might pull back to 1.8260 where looking for next sell with stop and revers just above 1.8275 .

Gen dk 12:15 GMT June 29, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Saihat 12:03 GMT June 29, 2004 Reply   
zero points

1.2164 1.2182

1.2542 1.2521

1.8245 1.8259

108.28 108.11

0.6984 0.6989

1.3463 1.3457

131.77 131.68

Spr NoodyG 12:00 GMT June 29, 2004 Reply   
call it chickening out haha
MNI (I figure its the best service around) says there is an opt expiry at 108.25
taking off completely my shorts at 108.77

hk ab lazy 11:55 GMT June 29, 2004 Reply   
jf// I almost left office.
Thanks and I will pay attention to those key signal in yen/yen crosses.

eur trail in let's see if it is a b/e to me.

LA ARTOFYEN 11:46 GMT June 29, 2004 Reply   
Helsinki iw 10:42 GMT June 29, 2004

Been a while since heard price on a Desmond (Bishop Desmond Tu Tu--2by2=$4). Nice memories indeed! gl mate

Vancouver SMV 11:40 GMT June 29, 2004 Reply   
Any thoughts on GBP - intraday?

sarasota jf 11:38 GMT June 29, 2004 Reply   
valdez - would be bit boring for most so will email you the correct info

sarasota jf 11:37 GMT June 29, 2004 Reply   
ab - i posted something earlier for you in asian time

hong kong nt 11:36 GMT June 29, 2004 Reply   
AB -- EUR/AUD may have one more go to 1.79-1.80 before your expected fall..

London AKA 11:05 GMT June 29, 2004 Reply   
sorry chaps, the stop on short eur should be 1.2260 area - going through that makes "c" in the recent abcde overlappy structure the shortest wave, which, of course, it cannot be.

thanks chaps for support re my positions. i do not get seriously concerned with up to 50 pip loss, provided i can still see the count...

hk ab lazy 10:48 GMT June 29, 2004 Reply   
I am sure Martin is working hard on the kangaroo.

hk ab lazy 10:45 GMT June 29, 2004 Reply   
nt// Take care if you long aud at .6950.
I prefer to stay flat on aud a I got euraud short already.

Helsinki iw 10:42 GMT June 29, 2004 Reply   
Kaunas 09:38, I guess "fat lady" is referring to cable ( the old lady from Treadhneedle Street, i.e. Bank of England) but in the era of voice brokers it used to mean an amount, 8 dollars (or marks depending on what you were trading). Your broker,who most likely was from within the area of the Bow Bells,could tell you he pays for a river (7) and offers a desmond (4, with two tickets of two). Or then again he could be looking for a price in a score or a bulls-eye.

Singapore Sfx 10:37 GMT June 29, 2004 Reply   
AKA 10:25 - Agree with JB's post below. Good luck mate. Cud I ask tho why you chose 1.2240 as a stop ? What part of your count does that invalidate ? Thanks.

U.K. J.B. 10:33 GMT June 29, 2004 Reply   
London AKA

Appreciate your post. What i did observe was the last paragraph. It was refreshing to see a post where you clearly stated your positions even though they were underwater .
Not often seen , well done for that GL

hk ab lazy 10:32 GMT June 29, 2004 Reply   
take gbp 2 pips.

hk ab lazy 10:31 GMT June 29, 2004 Reply   
If u could do us a favour, plz give yourself a handle.

UAE Oil man 10:30 GMT June 29, 2004 Reply   
hk 10:26 GMT June 29, 2004

Alright , I got the same idea, but 1.7250 as support...

hk ab lazy 10:29 GMT June 29, 2004 Reply   
hk whether that will work or not will be prevailed this week.
My habbit is never watching the screen on the site of news but putting a limit exit (s/l or s/p).

eur/aud daily sma tells a lot of things..... either my stop hit tonight or else I will collect a lot of pips for the rest of the week. Pull out the eur/aud daily chart for clues, I have enough with this and physical food are better.

hk ab lazy 10:27 GMT June 29, 2004 Reply   
bad thing is I should not open too many different pairs.

Ldn 10:26 GMT June 29, 2004 Reply   
hk ab lazy 09:49 GMT June 29, 2004
oops, forgot the eur/aud 1.7515 and 1.7410, 1.7435 shorts.
add 1.7452 one.


Forgot trades ????????????????? Must be REALLY REAL trades then!!!!!!!!!!!

hk 10:26 GMT June 29, 2004 Reply   
UAE Oil man 10:10 GMT June 29, 2004 haha!! before you too try to come across as a goodie oldie, please see my previous post where I tried to point out hk ab lazy double bottom's funny trade rationales but to no avail. LOL

hk 07:37 GMT June 29, 2004
hk ab lazy 07:01 GMT June 29, 2004
short one more eur/aud 1.7410.

1.7380 is a strong support. you should only add to winning trades on break of a major support, 1.7300 in this case. anyways you should never short BOTH aud/usd & eur/aud under the same trading time frame. (looks like you are very negative aud/usd as indicated by your funny nzd 59 double bottom, haha) how long have you been trading again??

London AKA 10:25 GMT June 29, 2004 Reply   
1) the rise from 1.1780 to 1.2350 looks impulsive to me (although it certainly does not to everybody). this rise could be the first wave of a sustained multi-month rise to past 1.30. this idea is invalidated if eur falls below 1.1780.
2) the fall from 1.2350 to 1.1950 looks VERY impulsive to me (and more people than not agree with me here): this fall can be corrective in nature, in which case it is a 5 wave "a" of an a-b-c zig-zag, correcting the rise described in 1). In this case, the recent protracted correction is a "b" (which we know is an absolute monster) and what should follow is an equally impulsive "c", which always comes in 5 waves and more often than not fulfills the "equality" guide line: where wave "c" = wave "a". This targets 1.1830.
3) the fall from 1.2350 could also be an impulse in its own right, in which case it is a 1 of 5 that will bring us lower than 1.17-16. regardless of which count is correct, it is obvious that the rise from 1.1950 is VERY corrective. it seems to me that there are 5 corrective 3 wave structures, which make up a,b,c,d,e.

i personally favour 2). however, it seems that whichever is correct, the balance of risks are on eur downside, and for that reason i am short eur from 1.2135 (stop at 1.2240). long usdchf from 1.2590 (stop at 1.2430). we'll see.

hk ab lazy 10:23 GMT June 29, 2004 Reply   
Next wonderful potential is dlr/cad......

hk ab lazy 10:22 GMT June 29, 2004 Reply   
oh.. Noody, you are the granny!
not just "oldbie"....

Thanks for your valuable reading time.

U.K. J.B. 10:21 GMT June 29, 2004 Reply   
My game plan is i am hoping we are going to continue to consolidate this week, with no special surprises after the FOMC. Now Friday could be different after 1.30 NFP long w/e in the states, illiquid markets, hopefully there may be something to go for. Preservation of energy. GL

Hong Kong Qindex 10:21 GMT June 29, 2004 Reply   
Spot Gold : Current Comment.  Register with [email protected] if you have no access to my page.

hk ab lazy 10:21 GMT June 29, 2004 Reply   
collected the aud shorts, see gold rebounds.

reshort later.
aud exited .6975
=20 + 16 pips. = 36 pips.

Sydney Alimin 10:21 GMT June 29, 2004 Reply   
oldbie or newbie is not relevant, even if it is, there is always something to learn from each other, instead of attacking how about learning to support each other? come on guys...

hk ab lazy 10:18 GMT June 29, 2004 Reply   
gvm//don't get it.

Spr NoodyG 10:15 GMT June 29, 2004 Reply   
Newbie welcome but remember to be prudent
FX can be very bad for your health
no assurance of anything

Sydney gvm 10:14 GMT June 29, 2004 Reply   
woops I meant buying $/yen lazy

hk ab lazy 10:13 GMT June 29, 2004 Reply   
for a very quick run.

hk ab lazy 10:13 GMT June 29, 2004 Reply   
nt// I would not be unhappy to trail my aud short. and redo it higher. but now, that trendline holds....

I have entered small gbp long 1.8210.

Sydney gvm 10:12 GMT June 29, 2004 Reply   
lazy on last weeks trades you woulda saved yourself some bro by just selling $/yen coz thats the effective position you had by doing the 2 legs

nowhere newbie 10:12 GMT June 29, 2004 Reply   
I think I will be a heavy guest for this attractive fx forum.
Am asking about reliable or most reliable trading system
for forex markets? someone say Ablesys others say Advanedget?ANY RECOMMENDATION

hong kong nt 10:11 GMT June 29, 2004 Reply   
AB -- see AUD/USD mild upside bias, buy dips, 0.695..

UAE Oil man 10:10 GMT June 29, 2004 Reply   
instead of criticizing HK you should post your Senile trades for all to judge.
Critics in this business are always a case of a loosing P/L in this biz..so i guess we won't see you post but just take snipes at people who take the time to post ideas and trades..be they right or wrong.

nowhere newbie 10:06 GMT June 29, 2004 Reply   
I cant see good trades today apart from EUR/GBP AM going long EUR ...am I right ?Help me oldbies

hk ab lazy 10:02 GMT June 29, 2004 Reply   
oldie..... hahaha....

Same question was asked last week when I said, long aud/jpy and short aud: turn out both to be green....

hk 10:00 GMT June 29, 2004 Reply   
UAE Oil man 09:53 GMT June 29, 2004 LOL
it's quite funny when you see newbies trying to come across as oldbie and impress the forum with bla blas LOL

hk ab lazy 09:58 GMT June 29, 2004 Reply   
sorry, should be eur drops faster than aud in a week or two.

hk ab lazy 09:55 GMT June 29, 2004 Reply   
Oilman, expecting eur/aud dropping faster a bit for a week or two.

Bruxville Jim 09:55 GMT June 29, 2004 Reply   
hk ab lazy 09:49 GMT // I'd be a bit cautious to short eur/aud at the moment (at least not add to existing shorts) - gold is experiencing a free fall right now (396), and aussie is welcome to follow.

UAE Oil man 09:55 GMT June 29, 2004 Reply   
upon a failure at 6950 , you will probably see EUR/AUD climb back the wall of worry to 1.77 again.

Hong Kong Qindex 09:54 GMT June 29, 2004 Reply   
Hong Kong Qindex 03:14 GMT June 29, 2004
USD/JPY : The current expected trading ranges from my 44-day cycle (28/06) are as follow :-


... // 107.26 - 108.20 - 109.14* - 110.08 - 111.02 // ...


The market is pulling towards 109.14* which is the key quantized level of this particular cycle.

hk ab lazy 09:53 GMT June 29, 2004 Reply   
gold drops 5 dlrs already.....

UAE Oil man 09:53 GMT June 29, 2004 Reply   
Why short AUD$, and Short EUR/AUD..you are basically asking that one of them goes wrong ,AB..

My guess is Eur/AUD is still a buy..(unless AUD/$ breaks over 7050.)

UAE Oil man 09:52 GMT June 29, 2004 Reply   
for those who didnt/don't know what to do ..remember the good old AUD$ 7000-7030 offers very nice Shorting opportunities, for few pips (trading range 6950-7030 now)and possibly more to come upon a failure of 6950.. (getting bored repeating the same thing all the time.)

hk ab lazy 09:49 GMT June 29, 2004 Reply   
oops, forgot the eur/aud 1.7515 and 1.7410, 1.7435 shorts.
add 1.7452 one.

hk ab lazy 09:44 GMT June 29, 2004 Reply   
Hm.. would eur/jpy better even?....

hk ab lazy 09:42 GMT June 29, 2004 Reply   
short eur 1.2195, 1.2161
short aud .6991, .6995
long cad 1.3450
short eur/gbp .6980
posses update
gbp short 100 pips collected.

hk ab lazy 09:39 GMT June 29, 2004 Reply   
short eur 1.2161 added.

Kaunas 09:38 GMT June 29, 2004 Reply   
what is "fat lady" ?

Bucuresti C.S. 09:38 GMT June 29, 2004 Reply   
thank you for the posts. I think this it: http://www.mfinante.ro/legislatie/index.jsp ->
http://www.mfinante.ro/legislatie/cod_fiscal/titlul_3.htm
Not very clear... but hey, what's clear in Romania?
Happy trading!

hk ab lazy 09:37 GMT June 29, 2004 Reply   
gold is still south moving.

Gen dk 09:36 GMT June 29, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

hk ab lazy 09:35 GMT June 29, 2004 Reply   
exited fat lady 100 pips
short eur/gbp .6680.

hk ab lazy 09:33 GMT June 29, 2004 Reply   
collected eur/aud short 1.7435.

hk ab lazy 09:32 GMT June 29, 2004 Reply   
Vely interesting, the fat lady move first???

U.K. J.B. 09:32 GMT June 29, 2004 Reply   
U.K. J.B. 08:00 GMT June 29, 2004
A little nimple trade to keep the mind focused- bought euro 1.2140 stop 1.2090 tar 1.2245 GL

Raise the stop to 1.21 20 offered now..

Gen dk 09:31 GMT June 29, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

UAE Oil man 09:23 GMT June 29, 2004 Reply   
Sold 108.71 s/l 109.15
Bought 1.2145 s/l 1.2117

back later, busy.

rom nick 09:16 GMT June 29, 2004 Reply   
and for this kind of things they take u 1% in case of profit...

Bucuresti C.S. 09:11 GMT June 29, 2004 Reply   
Este vorba de declaratia 206 privind veniturile realizate din stratinatate a coraro impunere este finala in Roamania (dividende, actiuni, jocuri de noroc)? Presupun ca da. 40% e cam mult totusi... cred ca e mai buna solutia "nu declar" :)

Gen dk 09:11 GMT June 29, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

rom nick 09:05 GMT June 29, 2004 Reply   
ok

rom rok 09:00 GMT June 29, 2004 Reply   
nick: 40% in`04 , 38% in `05 , maybe...

hk ab lazy 08:52 GMT June 29, 2004 Reply   
nt// any chicken stealing actions do you like for today?

Bucuresti C.S. 08:51 GMT June 29, 2004 Reply   
Thank you nick and rok. Any other opinions on this? Any applied and successfull practices? I know there must be more... after all Romania is the country where every tax and law can be interpreted in at least a thousand ways.

Dallas GEP 08:51 GMT June 29, 2004 Reply   
Jim actually target was 196.40 on gbp/jpy shorts

prague jv 08:50 GMT June 29, 2004 Reply   
intraday / if eur/usd finded support at 1.2130 and will hold there is good possibility that eur/jpy will try to break top of range and have a go at 132.40/50 level , but we must see eur/usd above 1.2165

romania nick 08:49 GMT June 29, 2004 Reply   
claudiu,I think it is 1% from your profit.ask someone from finance.

Dallas GEP 08:48 GMT June 29, 2004 Reply   
I do not know whether the pattren will continue but last few sessions LONDON has reversed what was done in Asia so USD bears COULD be in play NOW

Bruxville Jim 08:46 GMT June 29, 2004 Reply   
Dallas GEP 08:36 GMT // You targeted 197?

Bruxville Jim 08:45 GMT June 29, 2004 Reply   
hk ab lazy 08:44 GMT // I guess Oil man is rather pumping it:))

Bruxville Jim 08:45 GMT June 29, 2004 Reply   
Bucuresti C.S. 08:32 GMT // Who are 'they'? The truth is out there?

rom rok 08:44 GMT June 29, 2004 Reply   
Claudiu : Hehe ! I do not [email protected]

hk ab lazy 08:44 GMT June 29, 2004 Reply   
oilman, are you trading oil now?

Dallas GEP 08:38 GMT June 29, 2004 Reply   
NEMO 109.00 but watch eur/usd movements closely.

Dallas GEP 08:36 GMT June 29, 2004 Reply   
Well Jim I was about 60 pips up right before that data came out and it came back and hit stops at BE, I tried to reneter shorts twice but stops were hit for small losses. I think you could still short it here but you need a 60-70 pip stop and I nedd usd/jpy will be safer because London should long eur/usd back up IMO

Zaporozhye, UA Nemo 08:36 GMT June 29, 2004 Reply   
Dallas Shorted JPY 108.69. What is your s/l? TIA

Bruxville Jim 08:32 GMT June 29, 2004 Reply   
Dallas GEP 08:31 GMT // Didn't manage to cash in some profit?

Bucuresti C.S. 08:32 GMT June 29, 2004 Reply   
Hello. Can anybody tell me how they handle taxing requests from their local authorities? I'm specially interested if anyone located in Romania can tell me how they declare their income from this system to the local tax authorities? Thank you, Claudiu.

Bruxville Jim 08:32 GMT June 29, 2004 Reply   
smaller credit amount than expected

Dallas GEP 08:31 GMT June 29, 2004 Reply   
GBP/JPY has been particularly viscious tonight. May wish to play with usd/jpy instead, I know I will. LOL!!!!!

hk ab lazy 08:30 GMT June 29, 2004 Reply   
Something different in last week and this week movement compared with those in May is that, jpy crosses just strengthening slowly....

Normally, when USD is bearish, Yen offen synchronize and now, seems it's not obvious.

GL and GT everyone. With some stations collecting some s/t eur buy, I expect something under 1.21 to close all USD bull positions.

Bruxville Jim 08:28 GMT June 29, 2004 Reply   
UK consumer credit data due in 2 mins...

hk ab lazy 08:27 GMT June 29, 2004 Reply   
nt//soon.

won't mind to collect some more eur/aud short at 1.7430.

Interesting to see no matter whether USD turns bullish/bearish tonight he will still be "right" 'cos he has one side gbp bullish and ther other eur bearish......

hong kong nt 08:26 GMT June 29, 2004 Reply   
hk ab lazy 08:19 GMT -- why not have your handle changed to "lazybone"?

hk ab lazy 08:19 GMT June 29, 2004 Reply   
lazy lazy lazy....

If 2002 Jan 1st is Europhia, we will soon have a Usonia.....

Bruxville Jim 08:15 GMT June 29, 2004 Reply   
(Intraday targets)

Dallas GEP 08:15 GMT June 29, 2004 Reply   
OK limited out on gbp/usd shorts from 1.8300 @ 1.8245 on auto=pilot. Shorted usd/jpy @ 108.68

Zaporozhye, UA Nemo 08:15 GMT June 29, 2004 Reply   
Roadside bomb attack killed US soldiers - BBC

Bruxville Jim 08:10 GMT June 29, 2004 Reply   
Recommendations from my local bank:
buy @1.2130 for 1.2195, stop 1.2100
buy @1.8210 for 1.8295, stop 1.8170
sell on approach to 109.00

London 08:03 GMT June 29, 2004 Reply   
GBP/USD – Next Trend Advance is Not Far Away
by Max McKegg

June 28th - Sterling’s complex, contracting 1.8050 - 1.8485 corrective consolidation is drawing to a close and although resistance at 1.8350/1.8400 probably again contains strength early this week, support can be expected at 1.8200/1.8150, providing the base for another strong multi-week advance back toward this year’s 1.9140 February high
from fxnews

U.K. J.B. 08:00 GMT June 29, 2004 Reply   
A little nimple trade to keep the mind focused- bought euro 1.2140 stop 1.2090 tar 1.2245 GL

HK Byron 07:57 GMT June 29, 2004 Reply   
ab, just closed one lot shorted from 2175,
still holding 2 lots from 2200 and 2210, looking for 2110~20 :P

Stockholm za 07:56 GMT June 29, 2004 Reply   
fwiw....
€/$ = Key Value play on the blue line (day)..
Ema 13/21 on clip.
Happy safe trades...

hk ab lazy 07:54 GMT June 29, 2004 Reply   
Byron, wait for me.....

1.2099? or 1.21 in exact?

Chicago YM 07:50 GMT June 29, 2004 Reply   
no one around very slow night

Chicago YM 07:49 GMT June 29, 2004 Reply   
it tis very sad so much

HK Byron 07:49 GMT June 29, 2004 Reply   
HK Byron 14:38 GMT June 28, 2004
EURUSD will drop back 1.21 tomorrow...fwiw

Going to consider profit taking level now...:P

Chicago YM 07:48 GMT June 29, 2004 Reply   
yaaaaaawn

Beijing Laowen 07:45 GMT June 29, 2004 Reply   
Moved up the S/L to 108.25 for my Long usd/jpy opened @107.12, targeting 109.60.

hk ab lazy 07:41 GMT June 29, 2004 Reply   
hk 07:37 GMT June 29, 2004


To me only 1.73 is in my eyes, as a matter of fact, it is going to collapse any time soon, expecting 1-2 days.

For trading life, could probably longer than yours.

hk 07:37 GMT June 29, 2004 Reply   
hk ab lazy 07:01 GMT June 29, 2004
short one more eur/aud 1.7410.

1.7380 is a strong support. you should only add to winning trades on break of a major support, 1.7300 in this case. anyways you should never short BOTH aud/usd & eur/aud under the same trading time frame. (looks like you are very negative aud/usd as indicated by your funny nzd 59 double bottom, haha) how long have you been trading again??

hk ab lazy 07:35 GMT June 29, 2004 Reply   
chf 1.2702 eyed?

hk ab lazy 07:28 GMT June 29, 2004 Reply   
I short eur/aud 1.7515, 1.7410.

hk ab lazy 07:24 GMT June 29, 2004 Reply   
pick up more cad at around 1.34 if seen.

Bruxville Jim 07:18 GMT June 29, 2004 Reply   
hk ab lazy 06:36 GMT // Did you buy at 1.73?

hong kong nt 07:16 GMT June 29, 2004 Reply   
hk ab lazy 06:09 GMT -- feeling boring about teaching naughty kid? maybe that's why you search excitment in fx arena..

MONACO OGA 07:16 GMT June 29, 2004 Reply   
FX UPDATE 29/06
Good morning,

***EUR***
EUR/USD (currently 1,2165), almost same level than Monday opening. The market tried both sides yesterday (1,2020 in the morning on the announcement of transfer of souvereignty to the iraqi interim government and 1,2230 after the release of US consumption data) before closing the trading session around 1,2180 in the US. Overnight the pair consolidated inside 1,2150-90. We favour some range trading for today again, with first support around 1,2120 then 1,2080. 1,22 proved to be a strong resistance as expected and we need to retest it again and break it for a run up to 1,2350 to be possible.The big picture hasn't changed, we still believe the market will hover inside 1,1750-1,2350 for some time.

Data out today:

UK M4 sterling lending May expected 9,6Bio 08.30 GMT
US consumer confidence June expected 95 14.00 GMT

Gold at 399,50, with WTI August at 36,23

***JPY***
USD/JPY (108,40). The pair continued its recovery against JPY and broke 108 resistance yesterday in a rather narrow range. Overnight the pair reached 108,50 on weaker than expected Japan industrial output data but met strong exporters selling interest there.Technically the pair still looks bearish as long as 108,50 holds on the upside. Next big supportive levels stands at 105,50.
EUR/JPY currently 131.80, recovering towards 132 equilibrium point as we expected it last friday. Support around 131 today.

***GBP***
Cable (currently 1,8250), following EUR/USD price action. 1,81-1,85 range has been containing the market since the end of May. Playing the range still seems a valid strategy. Supports for the day at 1,8200 and 1,8140 with multi day resistance at 1,8300-20.
EUR/GBP (0,6665). The cross has been very stable lately. We remain neutral for the time being and expect 0.6640-80 range to contain price action today.
Have a nice day,

Olivier

Helsinki iw 07:14 GMT June 29, 2004 Reply   
nick, they meet today and tomorrow, the announcement is expected tomorrow. But Sir Alan can always surprise.

Helsinki iw 07:13 GMT June 29, 2004 Reply   
Just to add that the move from 1,1970 to 1,22++, on an intraday chart, has alot of overlaps in it, a sign of a weak trend.

buc nick 07:12 GMT June 29, 2004 Reply   
Helsinki iw // when will FED announce the rate decision?thanx

Helsinki iw 07:05 GMT June 29, 2004 Reply   
Fwiw/ Charts are warning that this feeble upmove in EUR/USD may be close to ending. Momentum is lacking and daily stochastics are close to crossing over. Bear in mind that in early June we moved down from 1,2350ish to 1,1950ish in 5 trading days, and later from 1,2160 to 1,1970 during one day.
This move from below 1,2000 to 1,22ish has taken 9 days, so we are clearly struggling to move higher. Of course momentum may pick up, but at the moment the odds favour a renewed drive lower. The market is forward looking, so wouldn´t be surprised to see that happen before the FED announcement, rather than as a reaction to it.IMHO

hk ab lazy 07:05 GMT June 29, 2004 Reply   
Seems NDP+Lib only = 154.. missing one seat?

hk ab lazy 07:05 GMT June 29, 2004 Reply   
Seems NDP+Lib only = 154.. missing one seat?

Ldn Viewer 07:02 GMT June 29, 2004 Reply   
Ldn LHR - Forgot to ask , did you collect my USD$ 5 k ? 1.2200 was reached before the 1.19 handle ....

hk ab lazy 07:01 GMT June 29, 2004 Reply   
short one more eur/aud 1.7410.

hk ab lazy 07:01 GMT June 29, 2004 Reply   
Gold under 400 fwiw.

Gothenburg XON 06:57 GMT June 29, 2004 Reply   
My view is that EUR/USD will try for a run to 1.2227 before making a go for 1.2100 again

prague jv 06:52 GMT June 29, 2004 Reply   
In my view , eur/jpy playing range 132.10/131.30
eur/usd at the moment on support @ 1.2155 , playing on break of that level for target 1.2100/20 only move back above 1.2200 will take the presure down .

hk ab lazy 06:36 GMT June 29, 2004 Reply   
I wish to get some more pips in eur/aud before the trip.

hk ab lazy 06:36 GMT June 29, 2004 Reply   
Martin, Jap, Thai and South Africa are where I treasure a lot...In fact, I have never been to Aussie yet.

Martin, seems the chf crosses have given up.

hk ab lazy 06:25 GMT June 29, 2004 Reply   
gbp is supported at 1.8250 again

Gold Coast martin 06:24 GMT June 29, 2004 Reply   
HK...AB...you should consider australia as a holiday destination...the clean air and relaxed lifestyle does wonders for health and mind....a bit loke dr quindex.....

London 06:23 GMT June 29, 2004 Reply   
New Trades censored

Long EUR/USD - The sell-off from just below the 1.2240/50 area swing level is cause for concern, so one may want to wait for renewed strength before buying. Buy at 1.2225 with a stop at 1.2140 offered and a target of 1.2330.
Long AUD/USD - If not long already, buy here around 0.6985 and put a stop at 0.6910 offered. Target is 0.7180.
Long EUR/GBP - EUR/GBP is consolidating in a very tight range and may not dip lower to provide the ideal entry level. Buy here (around 0.6660) with a stop at 0.6600 offered and a target of 0.6780.

hk ab lazy 06:10 GMT June 29, 2004 Reply   
nt// My summer is booked with 2 trips already and August is another month of work.

hk ab lazy 06:10 GMT June 29, 2004 Reply   
nt// My summer is booked with 2 trips already and August is another month of work.

hk ab lazy 06:09 GMT June 29, 2004 Reply   
nt//for a highly efficient worker, 6 hrs work is better than 6 weeks work for some teachers. :D

tanuku rakesh 05:48 GMT June 29, 2004 Reply   
hello i am new to forex and spot gold any traders here who trade gold and euro currency...

tanuku rakesh 05:47 GMT June 29, 2004 Reply   
hello salem ru from india..and how can i get ur mail i.d.??

Saihat 05:29 GMT June 29, 2004 Reply   
some time enjoying is false

hong kong nt 05:22 GMT June 29, 2004 Reply   
AB lazy -- do you have time? we may enjoy eating, drinking, driving, sightseeing and onsen in hokkaido together...

NY,NY GFX_PWS 05:18 GMT June 29, 2004 Reply   
this is my personal opinion..there are others on my trading desk that have a different opinion..I am expressing how I see things where we are at this point..trading is very choppy right now..and those faint of heart might want to sideline themselves until uncle al come in on wed..thats when direction will be established..gl / gt all.

London 05:16 GMT June 29, 2004 Reply   
AUD short-term bullish on technical charts divergence and formation of double-bottom pattern with initial upside target 7203, with final upside target 7600AUD/USD's now short-term bullish on technical charts
Citigroup report

Saihat 04:59 GMT June 29, 2004 Reply   
132.98 132.97 i may sell here
132.41 132.41
132.06 132.06

131.36 131.40
131.27 131.27

130.48 130.48
130.13 130.13
129.56 129.6

hong kong nt 04:43 GMT June 29, 2004 Reply   
AB lazy -- judging from the time you spend here, i bet you must be a lazy chemistry teacher, haha, school holiday is coming soon, any travel plan?

Bahrain Within 10 Pips 04:35 GMT June 29, 2004 Reply   
Does any one agree with post?...
Please

NY,NY GFX_PWS 04:28 GMT June 29, 2004 Reply   
Baring nothing major geopolitically I think we see USD stregnth on the European session...UK M4 and Net Lending will be the driver in cable late in the trade..if this number comes in above expectations..look to short cable..this will be evidence that the housing bubble there is still looming and still a major issue not being successfully contained. French producer and prod. numbers due out should not move EURUSD much baring they are not blockbuster..looking for EURUSD to test support at 1.1975 /2000 (200EMA) and cable to test 1.8250 and down 1.8220.

Bahrain Within 10 Pips 04:27 GMT June 29, 2004 Reply   
I am Gonna go with trend 2 days..
I Just shorted GBp/Yen
EUR/Yen
Chf/Yen
I think the yen will drop again from 108.56

salem euro usd 04:24 GMT June 29, 2004 Reply   
hi all

buy euro @ 1.2178 stop 30 pips trgt 1st 1.2216

hk ab lazy 04:19 GMT June 29, 2004 Reply   
With the eldest son, dlr/jpy retracing now, all cousins have to follow, no matter what direction will it be in Sept.

hk ab lazy 04:18 GMT June 29, 2004 Reply   
Martin, yap, always forgot to update the handle on various computer.

aud looks particularly weak.

hk ab eur/chf 1.43 Long Term 04:17 GMT June 29, 2004 Reply   
will add some eur/aud short later when signal comes.

Gold Coast martin 04:07 GMT June 29, 2004 Reply   
HK...lazy..oops i forgot you had a different handle....no pressure hk...It is in my system.....i have to stick to it...g/t

hk ab eur/chf 1.43 Long Term 04:03 GMT June 29, 2004 Reply   
Martin, 14 hrs left.

Hong Kong Qindex 04:00 GMT June 29, 2004 Reply   
EUR/JPY : Current Comment.  Register with [email protected] if you have no access to my page.

Hong Kong Qindex 03:31 GMT June 29, 2004 Reply   
GBP/JPY : Current Comment.  Register with [email protected] if you have no access to my page.

Dallas GEP 03:29 GMT June 29, 2004 Reply   
Pound looking heavy now. Look for 1.8250 to provide some support if this 1.8270 breaks. Then 1.8220. probably will consolidate around this 1.8270/80 for another couple of hours

Dallas GEP 03:26 GMT June 29, 2004 Reply   
Thnaks Jon

Hong Kong Qindex 03:15 GMT June 29, 2004 Reply   
USD/JPY : Current Comment.  Register with [email protected] if you have no access to my page.

Toronto EDP 03:15 GMT June 29, 2004 Reply   
Canadian Liberals stay in power with a minority government.

hk ab eur/chf 1.43 Long Term 03:09 GMT June 29, 2004 Reply   
oops, it can still change slightly .

hk ab eur/chf 1.43 Long Term 03:08 GMT June 29, 2004 Reply   
Lib + NDP get at least 159 seats. So, I think it's over.

Tokyo Jon 03:07 GMT June 29, 2004 Reply   
Hello Dallas GEP, I agree with the eurjpy short, as the eurusd is indicating a bump and run in the long term and CFX is indicating strong support at 1.2050, if broken then I call for 1.1997/1.9953 so the down side may be limited for the eurjpy. usdjpy is showing a steady improvement so high 108'ish levels today. By the way, I will not be uploading the updated CFX Grail Companion till next week, once I am settled in Shanghai.

nyc jk 03:02 GMT June 29, 2004 Reply   
good stuff. personally I think the impact on the CAD will be negligible . gl

Melb mpfx 03:01 GMT June 29, 2004 Reply   
South Beach 02:49 // Yep we all get whipped from time to time, just part of it. Well done on making it this far, many have crashed and burned in far less time... gl & gt

hk ab eur/chf 1.43 Long Term 02:59 GMT June 29, 2004 Reply   
jk, I am reading the official site.

nyc jk 02:58 GMT June 29, 2004 Reply   
ab - that's what it looks like. globeandmail.com is one Canadian newspaper that has full election coverage fwiw.

hk ab eur/chf 1.43 Long Term 02:54 GMT June 29, 2004 Reply   
So Lib + NDP to make up the new government?

USA Biscuit Boy 02:51 GMT June 29, 2004 Reply   
USD/JPY: 105.91 - 109.28
EUR/JPY: 129.20 - 132.93

fwiw.......

South Beach 02:49 GMT June 29, 2004 Reply   
Melb mpfx: At this time I am satified with the 60% win ratio. I must say in the beginning it was more like 40% win - 60% loss for me. Now 3 years later things are better. There are times that I am hit real hard & when this happens I stop trading & regroup by thoughts. When this happens I don't trade, just follow the action from the sidelines.

Dallas GEP 02:48 GMT June 29, 2004 Reply   
Thnaks Tarheel. Well Texas basically gave it away.

BTW My target on these GBP/JPY shorts is 197.25. USD?JPY to me for SURE is going to short. E/Y quite frankly right now looks mixed. IF GBP/USD would short down thru 1.8270 THEN we probably see gbp/jpy 197.50 or lower.

USA Biscuit Boy 02:47 GMT June 29, 2004 Reply   
My expected range for gbp/jpy this week is 194.06 - 200.05. Right now mid-range.....

ICT ML 02:42 GMT June 29, 2004 Reply   
thinkin gbp=jpy could be a buy 197.5 for 199.5 coming sessions, or buy now, stop under 197 which is a big stop in this choppiness.

Calabash TarHeel 02:40 GMT June 29, 2004 Reply   
Dallas GEP
Hello GEP. I do hope you enjoyed your R&R, know you needed it. Looking to short eur/jyp myself, but think I'll wait to see if there might be a chance to get it over 1.32.
Sorry about Texas in the college World Series.
gl,gt

Saihat 02:38 GMT June 29, 2004 Reply   
1.2343 1.2350
1.2288 1.2291
1.2253 1.2255

1.2178 1.2178
1.2177 1.2180

1.2100 1.2101
1.2066 1.2069
1.2010 1.2017

Melb mpfx 02:37 GMT June 29, 2004 Reply   
imo you only need a 50% win loss at a 2:1 reward risk..
Not a pleasant way to trade but still profitable...

1 ~ loss ~ -50
2 ~ loss ~ -50
3 ~ loss ~ -50
4 ~ loss ~ -50
5 ~ loss ~ -50
6 ~ win ~ 100
7 ~ win ~ 100
8 ~ win ~ 100
9 ~ win ~ 100
10 ~ win ~ 100
Total ~ 250

Dallas GEP 02:25 GMT June 29, 2004 Reply   
Based on those ratios you need to be right 65-70% of the time IMO to do well

Dallas GEP 02:23 GMT June 29, 2004 Reply   
Well it used to be you could have 1:3 risk reward renationships on possies but IMO lately 1:2 has been the norm and even some 1:1.5 ratios.

hk ab eur/chf 1.43 Long Term 02:23 GMT June 29, 2004 Reply   
thinking about the TP of eur/aud short from 1.7515.

London 02:23 GMT June 29, 2004 Reply   
ABN AMRO chief economist Kieran Davies expects sharp improvement in exports in coming months as Australia plays catch up to global trading partners. says deficit should get back to about A$1.0 billion
rtsd

quito_valdez at yahoo 02:22 GMT June 29, 2004 Reply   
MLb// right. 60% win with loss control is not bad. New folks think it's a $1M/day field here. Another set of numbers:
10 pips/day x 20 lots x $10/lot/pip= $2,000/day X 3 times/wk = $6,000/wk = $312,000/yr for drinking coffee & looking at screens. Not shabby that 60% win/40% loss ratio.

LA newfx 02:20 GMT June 29, 2004 Reply   
GEP;
do you think the power of compounding will work on fx?
dont u think it is a bit risky doing so?

Dallas GEP 02:18 GMT June 29, 2004 Reply   
Well Friends a eur/jpy short from 131.85 with stop @ 132.10 should work fine and dandy or even from 131.80. THis is assuming of course JPY buying will continue after the shock of that bad data a couple of hours ago.

I have gbp/jpy shorts and they should move more. Statrting to get this 197.85/90 area as a failure point along with 131.80/85 on e/y and 108.35 on usd/jpy.

Melb mpfx 02:13 GMT June 29, 2004 Reply   
South Beach 00:19 GMT June 29// What is wrong with 60% win loss ratio ?? If your reward risk comes in at 2:1 then you should be making good $$$.. Use the power of compounding and you will be making some very serious $$ soon enough...jmvho

Calabash TarHeel 02:13 GMT June 29, 2004 Reply   
Personally I think someone played "Taps" about three hours ago.
gl,gt

hk ab eur/chf 1.43 Long Term 02:12 GMT June 29, 2004 Reply   
An interesting move will be the conservative party suddenly breaks upside.

mtl gg 02:11 GMT June 29, 2004 Reply   
Pols dont close in Canada for a little bit yet (out west) soo it will be some time. It also looks like a close result... soo maybe the whole thing will not be finalised tonight.

quito_valdez at yahoo 02:10 GMT June 29, 2004 Reply   
TJ says 15 min before a 30 pip short it's gonna short. Don't you go 'way hear! 1 ice cold Beam mint Julep for your secret.

hk ab eur/chf 1.43 Long Term 02:08 GMT June 29, 2004 Reply   
When will the Canada election be finalized?

Dallas GEP 02:06 GMT June 29, 2004 Reply   
Well TJ, if you base things just stictly on levels I would say a LONG from 1.3400 would be where I would want to be but normmaly movement outside of US session is SLOW SLOW SLOW

quito_valdez at yahoo 02:04 GMT June 29, 2004 Reply   
GA TJ 01:43 GMT June 29, 2004 // i.e. your cad short predict:
You are hired. USD/CAD just shorted like a rock. Mind telling us what system you use amigo? PLEASE?

South Beach 02:02 GMT June 29, 2004 Reply   
Quito-Valdez: Thats right my friend. No complaints from ME. I'm happy with my 20 pips. What a day. Am now out of trading for a rest & to see what happens next. GT & GL to you & all the rest.

Idaho Potato Digger 01:57 GMT June 29, 2004 Reply   
Hey ! Thanks for thinking of me. Are there dry days in fx ???

quito_valdez at yahoo 01:56 GMT June 29, 2004 Reply   
Irish// True story. 'Nuff said. $30/day is better than minus $12k.

melbourne farmacia 01:53 GMT June 29, 2004 Reply   
QC WC 00:58 GMT June 29, 2004
Covered intraday Gbp and still holding other positions.. GT

Chicago Irish 01:52 GMT June 29, 2004 Reply   
Quito...Of course you neglected the other side of the coin,the trader who lost 12k,makes the potato digger in Idaho look pretty smart.....

Tokyo Jon 01:50 GMT June 29, 2004 Reply   
GBPUSD
Position: Buy
Entry: 18235
Target: 18305
Stop loss:18174

The CFX Upgrade is indicating a lower high with a lower low, so I would be looking for a low around 1.8200'ish and placed the stop below here, 1.8174 is being indicated as a very strong support and once again taken the most likely level to be reached as my target, less a few pips for good measure.
Source: causeandfx.org.uk

quito_valdez at yahoo 01:44 GMT June 29, 2004 Reply   
South Beach 00:12 GMT June 29, 2004//
Your +20 pips profit today is better than -20 or break even. I can assure you some here lost more than you gained hence the testiness and tension. For a private trader trading USD:
20 pips/day X 3 days/wk X 20 lots=$12,000 = 1 nice week's work, pal; $12,000/50hrs/wk=$240/hour. Better than diggin' potatos in Idaho.

hk ab eur/chf 1.43 Long Term 01:43 GMT June 29, 2004 Reply   
seems canadian election is over.

GA TJ 01:43 GMT June 29, 2004 Reply   
Dallas GEP, Take a peek at the CAD. My system is saying short the sucker now. However I am never to psyched about trading this one unless its NY session.

Enter Short, maybe....maybe not. How is that for committment (LOL)

quito_valdez at yahoo 01:31 GMT June 29, 2004 Reply   
sar jf 23:38 GMT June 28, 2004 your post:
"quito_valdez at yahoo 23:33 GMT June 28, 2004
dont confuse people - you are mixing n matching words tht have meanings other than how you are using them.."


Hi jf, tks 4 the post. If I (someone) makes mistakes in wordage please correct the mistake specifically. By generalizing & you help nobody altho ur intention is good. Offer kibitz, always, this is what the forum is about, but pay us the honor of directing it to specific targets. I try to cut down on words to brevitize, maybe too brief!

Gen dk 01:11 GMT June 29, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Caribbean! Rafe... 01:08 GMT June 29, 2004 Reply   
GBP BUYERS SELLERS
8.22 13.11

Dallas GEP 01:06 GMT June 29, 2004 Reply   
Shorted some more gbp/jpy @ 197.89 last set stopped out @ 198.00

hk ab eur/chf 1.43 Long Term 01:04 GMT June 29, 2004 Reply   
Qindex, looks like the whole summer will be for the yen retracement followed by a rush game for repatriation.

hk ab eur/chf 1.43 Long Term 00:59 GMT June 29, 2004 Reply   
Martin// have u entered some posses yourself?

QC WC 00:58 GMT June 29, 2004 Reply   
Farmacia, are you still holding your long GBP? TIA

Caribbean! Rafe... 00:47 GMT June 29, 2004 Reply   
GBP good sell developing.

hk ab eur/chf 1.43 Long Term 00:45 GMT June 29, 2004 Reply   
position updates:

short eur 1.2195
short gbp 1.8315
short aud .6991, 6995
long cad 1.3450

London 00:31 GMT June 29, 2004 Reply   
Aussie upside target at 7025 followed by 7070, after overnight recovery from 6940
Westpac in technical report.

Caribbean! Rafe... 00:29 GMT June 29, 2004 Reply   
GEP// Kindly check your mail.

GL.

South Beach 00:28 GMT June 29, 2004 Reply   
TO ALL THE TRADERS ON THIS FORUM: THanks for all the thoughts & comments over the months that I"ve been a using this forum. WHAT a GREAT bunch YOU are. Lets keep up the GOOD TRADING, COMMENTS & THOUGHTS.

hk ab eur/chf 1.43 Long Term 00:25 GMT June 29, 2004 Reply   
interesting question:
Will Jap enter the "deflation spiral" again after 10 years struggle?

Caribbean! Rafe... 00:21 GMT June 29, 2004 Reply   
JPY Buyers 40.83 Sellers 10.15

Minnesota U-genius 00:20 GMT June 29, 2004 Reply   
Dallas Gep// Do you think that GBP/JPY can move much higher than it is now?
Knowing JPY it is possible, but IMHO it'll won't happen.

South Beach 00:19 GMT June 29, 2004 Reply   

To the TRADER that posted they are 87% correct trading the FOREX, please send me your E-Mail I would like to hear your PLAN. I myself am only correct APPROX 60% of the time. I just cut my lost & move on.

Minnesota U-genius 00:18 GMT June 29, 2004 Reply   
Well, i guess next big event is
BoJ Monetary Policy Meeting Minutes,
and hopefully good news will come out!

Dallas GEP 00:16 GMT June 29, 2004 Reply   
U-geniuis IF this was due to industrail output numbers we should see gbp/jpy short back down IMO. Stop need to be above this last HIGH

ny amc 00:16 GMT June 29, 2004 Reply   
Nikkei is down after that report as well. Now they are concerned over the possibility of a weaker than expected BOJ Tankan survey now.

Caribbean! Rafe... 00:15 GMT June 29, 2004 Reply   
JPY signal was given at 108.07 but was not near the screen missed that one!

Pity I can't chart GBP/JPY on metatrader's DDE!

Minnesota U-genius 00:14 GMT June 29, 2004 Reply   
Ok, that makes sense, ty
I didn't expect any news from Japs today.

Dallas GEP 00:13 GMT June 29, 2004 Reply   
Well JAP Industrial output was MUCH weaker than expected and that COULD have caused this.

ny amc 00:12 GMT June 29, 2004 Reply   
japan's may industrial output was up just 0.5%. the market expected up 2.5%

South Beach 00:12 GMT June 29, 2004 Reply   
Quito-Valdez: How right you are. Today has been a very boring day in the trading world. I will take your advice. When in doubt it is better to be on the sidelines. I have made only 20 pips today. Will now close this trade & be on the sideline for the next 2-3 days. Again thanks for your thoughts. GL & GT to YOU.

Minnesota U-genius 00:08 GMT June 29, 2004 Reply   
That's what i was thinking, but i'm still holding short, it's kinda late to close it now,
I'll be waiting for retracement i guess,
What are your thoughts GEP, tia?

Dallas GEP 00:06 GMT June 29, 2004 Reply   
Well nothing like inetrvention!!!! To screw up a good trade!!! GD it!!!

Minnesota U-genius 00:03 GMT June 29, 2004 Reply   
Does anyone have any idea what happened to Yen crosses?

 




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