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Forex Forum Archive for 07/20/2004

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Gen dk 23:37 GMT July 20, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Caribbean! Rafe... 23:31 GMT July 20, 2004 Reply   
i could be wrong about the dlr/yen pivot just posted it in case if you know what i mean.

Caribbean! Rafe... 23:30 GMT July 20, 2004 Reply   
i could apply it yes, but i don't get live tick data for this pair.

Melbourne Qindex 23:26 GMT July 20, 2004 Reply   
hk revdax 23:02 GMT - You should post more in Summer. In general time cycles work better in range markets. In a very strong trending market it is a different story.

Dublin CK 23:26 GMT July 20, 2004 Reply   
Revdax, per the excel sheet within the data & tools download USD/CAD pivotal is 1.3120. I could be wrong though.

hk revdax 23:25 GMT July 20, 2004 Reply   
Caribbean! Rafe//you could apply the same method or methology....

Caribbean! Rafe... 23:20 GMT July 20, 2004 Reply   
i don't track cad.

hk revdax 23:18 GMT July 20, 2004 Reply   
Caribbean! Rafe... //What is the pivotal point for $/CAD?

hk revdax 23:14 GMT July 20, 2004 Reply   
Goes (NL) B747 23:08 //There is likely some follow-thru to the downside on Euro but the c9s are too unsophisticated to make forecasting materials on crosses as they have to cook for their husbands and take care of the kids aside from trading fx.

Caribbean! Rafe... 23:13 GMT July 20, 2004 Reply   
Surprisingly my pivot point for the dlr/yen is at 109.25!

I expect yen to have some fast and furious action to reach this point I MAY be wrong though just just thought I would warn before hand.

it is currently at 108.55

Goes (NL) B747 23:08 GMT July 20, 2004 Reply   
hk revdax 23:03 GMT July 20, 2004

do not worry, you have the most important asset....you can laugh and only that will bring you in one piece for the next trade.

EUR/USD & EUR/JPy & GBP/JPY: what C9 says?


:-) & gt

hk revdax 23:03 GMT July 20, 2004 Reply   
Goes (NL) B747 22:58//Once the c9s get shocked, they no longer forecast as accurately as they did before the reversal. A reversal day signal is capable of time but not of price.

hk revdax 23:02 GMT July 20, 2004 Reply   
hk revdax 23:26 GMT July 19, 2004
Today's Special (July 20)//Buy $/CHF, risking 1.2200.
========================
That was from the c9 indicator of Macau. These c9 do not have that kind of fancy economics education or quantitative studies like some of the big gurus here but they make good forecasting materials.



Goes (NL) B747 22:58 GMT July 20, 2004 Reply   
hk revdax 22:56 GMT July 20, 2004

good morning to you...
yesterday is gone, what Mrs. C9 forecasts for today?


gt

hk revdax 22:56 GMT July 20, 2004 Reply   
The "Today's Special" from my Macau's c9 indicator yesterday morning early Asia time already foretold the rise of US $ regardless of what Greenie had to say later on.

USA Biscuit Boy 22:52 GMT July 20, 2004 Reply   
Hi Martin great to see you back on the forum mate. I think for the dollar to make any lasting headway inflation has to rise faster than it has been that is for sure and Greenspan has to ditch his "measured pace". Very interesting time right now after market was spooked a bit by Greenspan. Dollar bulls have gained some momentum and I am wondering if any outright dollar long positioning will occur a bit higher up rather than just profit taking. As always time will tell. At least we should see some nice 2 way action for the short term now :)

Gold Coast martin 22:45 GMT July 20, 2004 Reply   
VALDEZ...even if the current account deficit is an argument,this argument will be a non-issue in the long term with impending high interest rates and american repatriation $s providing the flows required to service the basic account balance.....hope you are on the right side of the fence long term.....g/t

pd cumino 22:33 GMT July 20, 2004 Reply   
Valdez, US trade deficit, or better said basic balance, is an argument. But not as common known or told. US deficit per se has 0 correlation with USD, as you can see with a simple chart. BTW it ballooned from '95 to 2001 and dollar rallied all the period.
The correlation is more complex involving rates and global growth, but these relations are often surplisingly different than commonly logic can perceive them, overall in an unbalanced financial world. GL.

Melbourne Qindex 22:33 GMT July 20, 2004 Reply   
AUD/USD : Current Comment.  Register with [email protected] if you have no access to my page.

Goes (NL) B747 22:31 GMT July 20, 2004 Reply   
quito_ecuador_valdez 22:12 GMT July 20, 2004

greetings to you...!!!
what is your actual call?

gt

cairns Aussie 22:30 GMT July 20, 2004 Reply   
OHIO amedius1966 ..You one sick puppy...

Syd 22:29 GMT July 20, 2004 Reply   
quito_ecuador_valdez Market noise can be very destructive but agree hopefully will see levels you mention to get set . thanks

quito_ecuador_valdez 22:12 GMT July 20, 2004 Reply   
Syd// Thanks for posting that news story. Bottom line, the U.S. trade deficit alone is the skeleton in the closet for the USD. This rally for the USD is within the range and is great for positioning long term longs and could not have come at a better time. Greenspan (and shear luck) has been very kind to us position traders. As to rumblings of 1.21-120, they're within range too and resting on the 3 year support line. My big balloon long possie will happen when that support line is approached/reached/breached followed by small stair step possies as the chart heads long to complete 100% of my play. Small volitile spells don't effect me.

st. pete islander 22:10 GMT July 20, 2004 Reply   
Calabash TarHeel 20:58 GMT Sure, TarHeel! Will notify Jay now. He will see that you get it.

OMIL .... understood.

Melbourne Qindex 22:04 GMT July 20, 2004 Reply   
GBP/USD : The market is going to tackle the lower barrier of my weekly cycle.

Melbourne Qindex 22:03 GMT July 20, 2004 Reply   
GBP/USD : Current Comment.  Register with [email protected] if you have no access to my page.

Syd 21:57 GMT July 20, 2004 Reply   

FOREX-Dollar rallies on Greenspan's upbeat economic tone
NEW YORK, July 20 (Reuters) - The dollar climbed against most major currencies on Tuesday, after Federal Reserve Chairman Alan Greenspan said U.S. economic growth was solid and inflation was not a threat.

"Not only has economic activity quickened, but the expansion has become more broad-based and has produced notable gains in employment," the Fed chief said as he presented his semiannual review of monetary policy.

By late afternoon in New York, the euro (EUR=) traded down 0.8 percent at $1.2332 after falling to session lows at $1.2300 shortly after Greenspan's initial remarks. Higher U.S. interest rates tend to enhance the attractiveness of dollar-based assets for global investors.

Currency traders said that Greenspan, who delivered his semiannual testimony before the U.S. Senate Banking Committee, appeared to reinforce expectations that U.S. interest rates will continue to rise.

"Mr. Greenspan's comments were not hawkish but they seemed to acknowledge that down the road there could be further risk of price pressures that could necessitate more aggressive policy tightening and that has helped to lift the dollar in the short term," said Alex Beuzelin, foreign exchange market analyst at Ruesch International in Washington.

"But in order for the dollar to report more significantly sustained gains, the Fed has to be compelled to accelerate its pace of policy tightening, and that does not appear to be likely, at least in the near term," Beuzelin added.

Against the yen (JPY=) the dollar rose to 108.80 yen, up 0.4 percent on the day. The dollar surged against the Swiss franc (CHF=) to trade at 1.2470 francs, while sterling (GBP=) fell 0.8 on the day to session lows at $1.8529.

During the question and answer session following his testimony, Greenspan said flexibility in the global financial system has helped the United States run up a large current account gap but should not be expected to allow a permanent imbalance.

The U.S. needs between $1 billion and $1.5 billion a day to cover the outflow of money due to the current account deficit

Goes (NL) B747 21:24 GMT July 20, 2004 Reply   
Bahrain Within 10 Pips 21:15 GMT July 20, 2004

Hello

Bahrain Within 10 Pips 21:15 GMT July 20, 2004 Reply   
Hello

Surabaya Medallion 21:06 GMT July 20, 2004 Reply   
Oil price got back to 40.33, Thanks to Uncle Greenspan. With a bit of luck I hope I can get a chance to buy Yen around 108.8-109 before going back to 108 this week. I'm still in Long Yen position from 108.67 and 108.87 from June 30. (Yes, I should buy at 109.6 but just want to make sure until the oil price direction is clear).

Lahore Rk 21:05 GMT July 20, 2004 Reply   
Tallinn viies 20:50 GMT

I think 12387/12407 is important and tomorrow will be very intersting day ....MOB on short term cycle..... and Thanks for the Help

GL/GT

:)

Calabash TarHeel 20:58 GMT July 20, 2004 Reply   
st. pete islander 20:44 GMT July 20, 2004
Hello Islander, if possible would like to get your email addy sometime if you don't mind. Don't worry, I email even less often than I post.
Thanks

Tallinn viies 20:50 GMT July 20, 2004 Reply   
Lahore RK 20:19 - 1,2420 is crucial resistance for me.
from that level I start to buy euros...
hardly we see it tommorow if close today under 1,2350.
gl

Miami OMIL (/;-> 20:49 GMT July 20, 2004 Reply   
Anytime RK that is why we are all here I hope. ;-) GL GT

Miami OMIL (/;-> 20:48 GMT July 20, 2004 Reply   
I am on my backup Islander (dial up) but I will turn it on later it is a very slow connection and very frustrating if you know what I mean buddy. I should have my ADSL running by 7:30pm est.

Caribbean! Rafe... 20:47 GMT July 20, 2004 Reply   
not boasting here. but for euro I was short as well.. from level stated as ENTRY, and TPL2 hit like bulls eye as well. This is just an idea/demonstration of what the TPL's stand for short at 1.2416 stop was at 1.2452 and it hit TPL2 right down to the last pip. will try to post the daily levels when i generate them later tonight. but off for lunch now see you guys later.

EUR/USD SHORT TPL 1 TPL 2 TPL 3
ENTRY 1.2416 1.2330 1.2301 1.2283
STOP 1.2452

Lahore Rk 20:46 GMT July 20, 2004 Reply   
Miami OMIL (/;-> 20:31 GMT July 20, 2004

Thanks for the help

Gold Coast martin 20:44 GMT July 20, 2004 Reply   
LDN...not at all..i do the currency valuation at the beginning and cut the relationship at a pre-determined timeframe ..and then do the process all over again....g/t

st. pete islander 20:44 GMT July 20, 2004 Reply   
OMIL .... chatter box working at your end??

Ldn 20:40 GMT July 20, 2004 Reply   
Gold Coast martin sounds like your married to the US Dollar

Caribbean! Rafe... 20:39 GMT July 20, 2004 Reply   
GBP TPL1 hit like I expected (bulls-eye of course.) =)

Miami OMIL (/;-> 20:38 GMT July 20, 2004 Reply   
I hope no one got the wrong idea about what I said. What I was trying to say is that intraday players that have a short position on the eur/usd pair now it is a good idea to hold for now but not to take a short position at this time I hope that is CLEAR!!!

Goes (NL) B747 20:34 GMT July 20, 2004 Reply   
the last summer with 1.xx% rates........enjoy that!!!


gt

Miami OMIL (/;-> 20:31 GMT July 20, 2004 Reply   
Lahore RK 20:19 GMT July 20, 2004
I have further resistance at around the 1.2400 and 1.2430 areas but % favor a short position for intraday player at this time IMHO.
As I said before:
Miami OMIL (/;-> 02:19 GMT July 20, 2004
We are still in a bullish channel but running out of time and with the upper field for the bulls littered with land mines (option barriers) the upside will be limited at this time (no brave souls to take up the bull side at this time) with a summer range in the air IMHO. GL GT

USA Biscuit Boy 20:30 GMT July 20, 2004 Reply   
Federal Reserve adjusted its central tendency projections on 2004 growth to 4.50-4.75% from February's 4.50%-5.00%, while strongly increasing its 2004 inflation projections to 1.75-2.0% from February's 1.0-1.25%.

So this explains the blip in the dollar and the warning about rate hikes faster if needed. Hmmm Wall St doesn't seem too perturbed about the revised down growth and revised up inflation??

Gold Coast martin 20:25 GMT July 20, 2004 Reply   
SLV..in the longer term you will have higher interest rates to attract flows into the US,also there will be a lot of american fund repatriation in the long term and the fundamentals will get better nand better for the US,which willl means a better management of the current account deficit...on the opposite end you have the eurozone with no political direction,non-existent growth growth ,high unemployment in countries like germany...huge structural reforms urgently needed.....what i am getting at is would you buy euro for long term knowing these evident differences...just a thought...g/t...When you talk about currency valuation at 125-150 The euro looks like duck out of water...a more current realistic level taking into account all the present fundamentals is 105-110...AT the end of the day with interest rate yields and c/a not a prime mover in the long term term,the currency with the better fundamentals benefits the most..in such a scenario the US dollar is miles ahead of the EURO...
Just wrote this so that traders do not fall into a false sense of security in relation to the long term future of the EURO..the message is TRADE IT AND DONT MARRY IT...g/t

Lahore RK 20:19 GMT July 20, 2004 Reply   
Miami OMIL , Tallinn viies Friends if it breaks 12390 or 12460 what could be next projection--------- for next 48/72 hours just to check any bullish projection :)

Tia

GL/GT

USA Biscuit Boy 20:18 GMT July 20, 2004 Reply   
Hi guys hav been out of town for a while. I take it Greenspan mentioned future rate hikes again if inflation starts to creep up?

Goes (NL) B747 20:17 GMT July 20, 2004 Reply   
slv sam 20:08 GMT July 20, 2004

around three years you could earn a living from USD 1M...try to that now :-)

Do you remember the days of EIR/USD @ 0.85?!
Even Europeans miss those days!

the deficit is process of WIN-WIN formula, I beleive that all related parties will take a step other than killing themselves and letting USA/USD to do everything alone among their own borders.

by the way, who is the #1 raising oil exporter to USA recently?


gt

Miami OMIL (/;-> 20:10 GMT July 20, 2004 Reply   
I agree with you VIIES we are in the same page of the book. ;-) I see you are looking for a bounce off the T/L. I have the key support at 1.2150-60 for mid term players. This bounce for eur/usd must stay below resistance 1.2380-90 with immediate resistance at the moment at 1.2340-50 IMO. GT

slv sam 20:08 GMT July 20, 2004 Reply   
C/A deficit is not sustainable in longer term means e/$ at 1.45 longer term!.GT



Tallinn viies 19:53 GMT July 20, 2004 Reply   
Miami OMIL (/;-> 19:44 - thnks mate. I think we first test 1,2220 area before returning to 1,2450 again. so, trying to sell on upticks now.
right now this short term bounce came from Greenspan words that C/A deficit is not sustainable in longer term.
so, if bounce stops under 1,2375/85 its time to rock and roll again. tiny mini resist now at 1,2335/40. lets see

Miami OMIL (/;-> 19:44 GMT July 20, 2004 Reply   
Congratulations with your short position on the eur/usd VIIES looking to see if 1.2280-90 is taken out or what kind of bounce is produced by this fall. Will get out of position if a bounce is produced which could happen at this stage before any further falling by the eur/usd. Mid term positions are buy on dips with mother T/L at around 1.2020-30 at this time IMHO. GL GT

quito_ecuador_valdez 19:37 GMT July 20, 2004 Reply   
Gold Coast martin// Tks for the suggestion. When I layer, each possie is around 7% - 10% of the total allocated for the play, saving a 50% to 60% balloon for the final position when I know it's really through moving. Will be calling more USD from overseas tomorrow AM to ready my big caliber guns. I'm playing this to cash in November-December; so please, pip raiders, pay no attention to my possies here..this is for long term play.

Antwerpen Aud-Usd. 19:32 GMT July 20, 2004 Reply   
Will Saty away off Buying Aud,buy Euro Or swiss Or Gbp.

Tallinn viies 19:32 GMT July 20, 2004 Reply   
to keep even bigger pressure on euro we need to see NYC close today under 1,2350. in that 1,2210 even possible within a week.
otherwise Im little bit suprised how calmly stocks are taking Greenspan. If rates rising faster then stocks should be sold also?

Miami OMIL (/;-> 19:31 GMT July 20, 2004 Reply   
FWIW 2305-15 is being tested for eur/usd now next support for eur/usd is at 2280-90 after that the support is coming at 1.2240-50 (not 1.2230-40 as I previously stated). There is a T/L in the 1.2220 area with further support at 1.2205-15, 2170-80 and 2150-60 for now. I have intraday indicators in O/S area but mid term indicators are clearly pointing down now with plenty of room to test the next support IMHO. GL GT

slv sam 19:30 GMT July 20, 2004 Reply   
aud/usd at .7270 is grat buy imho, target .75.GT

Gold Coast martin 19:27 GMT July 20, 2004 Reply   
VALDEZ...dont layer too much friend for the upward trend..just keep your existing long positions..play it safe as this volatility has got the potential to punish traders with a lot of layered positions..limit your exposure in the event that there is a sharp short term downward movement...g/t

Calabash TarHeel 19:27 GMT July 20, 2004 Reply   
Think Quito is right. Orders filled.
long aud/$ .7270
Long nzd/$ .6510
Short $/chf .1.2460

Good Luck, Good Trades to All

Antwerpen Chf-Euro. 19:26 GMT July 20, 2004 Reply   
Will Buy Chf-Euro At 1,5340 Target 1,5250 In 24 Hours.

Vilnius georgas 19:25 GMT July 20, 2004 Reply   
ohh my sweety euros , nobody loves you , come here , come honey. God forgive them , they dont know what they are doing. I will buy you.

quito_ecuador_valdez 19:19 GMT July 20, 2004 Reply   
Longed EUR/USD again (2nd possie) at 1.2308. Will continue to long at every dip to layer the upward trend. Greenspan's effect has been very kind to long position traders.

Antwerpen Euro-Usd 19:19 GMT July 20, 2004 Reply   
Range On Euro-Usd.......
1,2300-1,2390 Till Friday.

Antwerpen Euro-Usd 19:17 GMT July 20, 2004 Reply   
1,23 Will Hold.

U.K. J.B. 19:17 GMT July 20, 2004 Reply   
U.K. J.B. 13:39 GMT July 15, 2004
Well back to range trading again i presume until CPI. Tom not a gr8 deal on my radar screen so to keep the mind active i have spotted a good r/r trade.

Sold eur/cad at 1.6395 s/l 1.6450 tar. 1.62 will adjust t/p levels in due course

Balance now covered at 1.6200

Tallinn viies 19:15 GMT July 20, 2004 Reply   
left sell order to 1,2375 fwiw
target 1,2240 now

Cairo Amgad 19:07 GMT July 20, 2004 Reply   
i am sorry, one more order:

BUY Stop GBP/USD at 1.8591 S/L 1.8566 T/P 1.8836 (+245)

GL GT

Cairo Amgad 19:05 GMT July 20, 2004 Reply   
rate decision makes market choopy again, will you buy GBP/USD at 1.8777 and not buying it at 1.8477, i do not think so.

BUY Limit GBP/USD at 1.8476 S/L 1.8451 T/P 1.8836 (+360)
Sell Stop GBP/USD at 1.8418 S/L 1.8443 T/P 1.8038 (+380)

GL GT

LAX-LGB SNP 18:55 GMT July 20, 2004 Reply   
closing usdjpy/eurgbp ... long on eurusd/gbpusd/audusd

Sydney Alimin 18:52 GMT July 20, 2004 Reply   
good call and good trade there viies, looks like you are the only one trade today ;)

Tallinn viies 18:50 GMT July 20, 2004 Reply   
closed other half at 1,2326 fwiw
thnks guys.

Sydney Alimin 18:41 GMT July 20, 2004 Reply   
:) greenie can really move the market, cant he? tomorrow he will say something different again and usd will be shorted like what happened before

Tallinn viies 18:36 GMT July 20, 2004 Reply   
first half of profit taken. not bad for a day :)

target 1,2300/10 now

Global-View GVI 18:35 GMT July 20, 2004 Reply   
From GVI:

Mtl JP 18:32 GMT July 20, 2004
All is fine testimony

Abha S 18:34 GMT July 20, 2004 Reply   
Hello people ...
What do you think about the effect of Greensban speech?will result in strong $?
Many thanks.
GL

Gen dk 18:09 GMT July 20, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Bahrain Within 10 Pips 17:45 GMT July 20, 2004 Reply   
LAX-LGB SNP 17:25 GMT July 20, 2004 //
Asia mkt is when the mkt will go volitile...right on the money with that..

LAX-LGB SNP 17:25 GMT July 20, 2004 Reply   
short on eurgbp & long on usdjpy/eurjpy ... looking to buy gbpjpy ahead of 200, also waiting to see which side does gbpchf open in Asia

Tallinn viies 17:18 GMT July 20, 2004 Reply   
seems days move is over for now.
take profit order to 1,2363 (half). stop trailed to 1,2419.

Bahrain Within 10 Pips 17:14 GMT July 20, 2004 Reply   
quito..
What do think of "India"..the singer
she has a hot talent..
I use play at latin Jazz Band here..
We Love here singing..."Sola"

Bahrain Within 10 Pips 17:05 GMT July 20, 2004 Reply   
Eur/Cad Looks great at 1.6150 ----->~ 200 Point by friday

quito_ecuador_valdez 16:59 GMT July 20, 2004 Reply   
We can't post chats, emails, website URLs on any GV forum..against policy..tks tho. Would be nice if GV had a freedom chatroom(s) however,would clean up the forum considerably. (nudge)

San Diego bobl 16:59 GMT July 20, 2004 Reply   
quito...
I was on phone but will review your eur/usd chart suggestion. Thank you and best wishes. Greenspan=doublespeak...I few things I just don't comprehend (they defy linear logic)...women, politics, and Fed version of economics!

LA newfxx 16:57 GMT July 20, 2004 Reply   
any view on gbp/usd at this time pls?

will greenspan effect the fx market for the coming hour?

Thanks

Bahrain Within 10 Pips 16:54 GMT July 20, 2004 Reply   
quito_ecuador_valdez 16:53 GMT July 20, 2004 ///
Thanks Man!!
U Good Man!!

Sydney Alimin 16:53 GMT July 20, 2004 Reply   
last time greenie spoke usd strengthened but got sold off the following day, will the same be repeated this time round?

quito_ecuador_valdez 16:53 GMT July 20, 2004 Reply   
within 10 pips// Excellent comeback, U have a sence of humor amigo. GL GT. I hate it when gurus get snippy. I'm posting 2 much..bye 4 today. (Valdez hears applause but buys a round on the house for all)

QC WC 16:52 GMT July 20, 2004 Reply   
Longed Usd/Yen at 108.15 again.

OK SZ 16:51 GMT July 20, 2004 Reply   
Quito, how can I get in the group?

Bahrain Within 10 Pips 16:51 GMT July 20, 2004 Reply   
Math dudes never have a good humour...
Oh well...ce la .......

Van jv 16:49 GMT July 20, 2004 Reply   
A.G may be careful not to undermine USD at this time , as market seems topping and capit. inflows poor..........

Bahrain Within 10 Pips 16:48 GMT July 20, 2004 Reply   
Gold Coast martin 16:45 GMT July 20, 2004 ///
I Love it!!!!!!!!!!!
Good one!!!!
I say to the kids not to play with thier food...when they want to go see the kids next door...

quito_ecuador_valdez 16:46 GMT July 20, 2004 Reply   
While we're treading water here..was just pointed out in our group (Yahoo mesngr)...note on 1 yr eur/usd chart a cycle of 65 days starting from sept5 2003 to present. Each 65 days there's a change..going along with San Diego bobl's post below. Try it. We're due for a "change".

Also note a distinct 250-270 day cycle in that pair on 3 year chart.

Gold Coast martin 16:45 GMT July 20, 2004 Reply   
BAHRAIN 10 PIPS..if they are not vegetarians they are cannibals...so if they say to you "we love to have you for dinner" please accept their invitation.....g/t

Bahrain Within 10 Pips 16:42 GMT July 20, 2004 Reply   
Does this mean Cad is going up?

quito_ecuador_valdez 16:38 GMT July 20, 2004 Reply   
bob/.. LOL, true. Here's a quip from GV's resource center on the right side bar...analysis & news:
"Greenspan is reluctant to discuss one the thing that is really bothering him. Deflation, come liquidity trap, come massive deficit/debt buildup." Next Fed rate hike in August, likely that's it til Nov. It's touchy & it's easy to sink a boat almost to shore, but FULL of water. Fed's analysis at times dubious, doesn't furnish me with enough of a bildge pump to trust any dollar bull on the long run until next year. I just bought EUR/USD at 1/2380 for long term possie, will add more on dips if we see lower ground, support line on this pair is UP.

Bahrain Within 10 Pips 16:37 GMT July 20, 2004 Reply   
We Like our villiage...not much there...some birds and other animals...we don't eat them though...we are viggies
funny the tribe next to us are not Viggies
Oh well... cela "Voodoo"
should anyone around the area...most welcome...
Have to walk...we don't use animals for transport...we let them live

Bahrain Within 10 Pips 16:29 GMT July 20, 2004 Reply   
My Real is Hamana Gugu...from the tangolgo tribe...cool dudes
no here has TV...they are busy living not otherwise

San Diego bobl 16:23 GMT July 20, 2004 Reply   
quito_ecuador_valdez
thank you...I know by your posts that you also trade as a business and not a horse race...lol

quito_ecuador_valdez 16:18 GMT July 20, 2004 Reply   
SanDiego bobl//
I hate to judge another but you are a person with a brain. Excellent post.

Bahrain Within 10 Pips 16:17 GMT July 20, 2004 Reply   
Thanks for the compliments...as intended Your financial health

Bahrain Within 10 Pips 16:15 GMT July 20, 2004 Reply   
Wednesday 07/21/04 06:00 PM 202.8196 200.6972
Wednesday 07/21/04 07:00 PM 202.8095 200.7569
Wednesday 07/21/04 08:00 PM 202.9300 200.7271
Wednesday 07/21/04 09:00 PM 202.6589 200.5877


Friday 07/30/04 12:00 AM 199.3448 197.2939
Friday 07/30/04 01:00 AM 199.4754 197.1546
Friday 07/30/04 02:00 AM 198.9933 196.8361
Friday 07/30/04 03:00 AM 198.8628 196.4978

Scary ha?
...Never Long this dude for two months

melbourne farmacia 16:15 GMT July 20, 2004 Reply   
QC WC 15:47 GMT July 20, 2004
No - done for today.....looking to buy below 1.8500 sometime wednesday... needs to trade within my voodoo zone first...

San Diego bobl 16:12 GMT July 20, 2004 Reply   
IMHO...the market/crosses are really showing an undecided market in transition. Good trade set-ups show a confluence of support for the trade, i.e. all time frames (weekly, daily, 4-hr, down to 1-hr) line up in the direction of a potential change. Right now I don't see a pair that has good line-up. If something looks good shorter term, it conflicts with the longer term message and vice-versa. Lots of conflicts on the charts, which for me, characterizes a vulnerable trade. Personally, I am flat and will need some unity/conformity to come in to get involved. Sometimes trading is "not" trading.

Bahrain Within 10 Pips 16:11 GMT July 20, 2004 Reply   
http://finance.yahoo.com/q?s=c&d=t
check out the rally on this dude

Brooklyn mhi 16:10 GMT July 20, 2004 Reply   
looks to me like gbp/jpy is controlling cable

Bahrain Within 10 Pips 16:00 GMT July 20, 2004 Reply   
Nasdaq will go hay wire now
NDX Call Strik 1500...Nice

Bahrain Within 10 Pips 15:53 GMT July 20, 2004 Reply   
NYC PCM 15:51 GMT July 20, 2004
added to short again///
Good Man!!!

NYC PCM 15:51 GMT July 20, 2004 Reply   
added to short again

Bahrain Within 10 Pips 15:50 GMT July 20, 2004 Reply   
NYC...till 9:00 PM I suggest u don't use a stop loss on eur short lower then 1.2409...might hit

Calabash TarHeel 15:48 GMT July 20, 2004 Reply   
melbourne farmacia 15:43 GMT July 20, 2004
Bahrain - do u trade ? or just a numbers man ?

Good Question. Thanks!

Bahrain Within 10 Pips 15:48 GMT July 20, 2004 Reply   
Both..why?

QC WC 15:47 GMT July 20, 2004 Reply   
Faramcia, are you short GBP now? If so what's your target?

quito_ecuador_valdez 15:46 GMT July 20, 2004 Reply   
If you draw a support trend line on the EUR/USD 30 day chart, we've touched the line and are now going up, FWIW. I'd say long it from here IMVHO.

melbourne farmacia 15:43 GMT July 20, 2004 Reply   
Bahrain - do u trade ? or just a numbers man ?

Bahrain Within 10 Pips 15:42 GMT July 20, 2004 Reply   
bought cad 1.3094

quito_ecuador_valdez 15:41 GMT July 20, 2004 Reply   
NYC PCM 14:58 GMT July 20, 2004
Re-shorted Euro here

Did you close your Euro short or are you still working it for now? Concensus of my group feels short euro/usd with careful stops is OK. Personally, I dunno, maybe time for a walk in the park to feed the pigeons.

lnd 15:34 GMT July 20, 2004 Reply   
you need tobe quick with this market. day tradingis getting difficult. mkt just took my pips away on $/cad. oh well. think i will call it a day. goodnight all.

Bahrain Within 10 Pips 15:32 GMT July 20, 2004 Reply   
cad as well at 1.3080 somewhere

Bahrain Within 10 Pips 15:29 GMT July 20, 2004 Reply   
chf/yen...close to buy
87.20 --------->88.60

Bahrain Within 10 Pips 15:17 GMT July 20, 2004 Reply   
Eur/JPY critical times / Levels
Tuesday 07/20/04 12:00 PM 135.0212 132.9376
Tuesday 07/20/04 01:00 PM 134.6691 132.7985
Tuesday 07/20/04 02:00 PM 134.7496 132.7885
Tuesday 07/20/04 03:00 PM 134.8502 132.9674
Tuesday 07/20/04 04:00 PM 134.7898 133.0369
Tuesday 07/20/04 05:00 PM 134.9005 133.0170

to this
Wednesday 07/21/04 11:00 AM 135.4638 133.5237

GER ad 15:10 GMT July 20, 2004 Reply   
Long EUR/JPY at 134.09 S/L under 133.50 T/P 134.60+

Bahrain Within 10 Pips 15:10 GMT July 20, 2004 Reply   
I don't think U like the odds by Longing the GBP...right?

NYC PCM 15:08 GMT July 20, 2004 Reply   
goes NL

Still looking for a re-test of that July 15th low area at least. I think I may need to be a bit patient, may not drop like a stone as per this morning.

Bahrain Within 10 Pips 15:01 GMT July 20, 2004 Reply   
Sydney Alimin 14:44 GMT July 20, 2004 ///
.... I Know!!!

Goes (NL) B747 15:01 GMT July 20, 2004 Reply   
NYC PCM 14:58 GMT July 20, 2004

s/l?
target?



gt

NYC PCM 14:58 GMT July 20, 2004 Reply   
Re-shorted Euro here

ln 14:58 GMT July 20, 2004 Reply   
New York stas 14:53 GMT. anything for free? if i am going to pay for somethign it is going to be a reuters/bloomberg. so how abot a link to the free stuff?

Bahrain Within 10 Pips 14:58 GMT July 20, 2004 Reply   
1.8420...GBP Is Nice

Bahrain Within 10 Pips 14:56 GMT July 20, 2004 Reply   
http://www.freewebs.com/kalzayani/gbpusd.htm
Help Yourself
:)

Sydney Alimin 14:44 GMT July 20, 2004 Reply   
i start to think whether gbp is a good buy here, what are the thoughts about uk's gdp figure this friday?

Bahrain Within 10 Pips 14:35 GMT July 20, 2004 Reply   
NYC PCM 14:16 GMT July 20, 2004
Euro bouncing as expected but still needs more time and a little higher.///
I doubt it will pass 1.24 from now til 9 PM...
After that it might even go to 1.2470...so plenty of time

NYC PCM 14:33 GMT July 20, 2004 Reply   
Just needs to confirm by starting to pull back

NYC PCM 14:32 GMT July 20, 2004 Reply   
getting sell signal now on euro

TO SJ 14:32 GMT July 20, 2004 Reply   
Thanks a lot.
Can anybody tell me when Mr. Green start the speech?
Thannks, GT & GL

Calabash TarHeel 14:30 GMT July 20, 2004 Reply   
NYC PCM 14:16 GMT July 20, 2004
Fwiw and Imho: Expect you will see it if you wait. Housing permits down 8.2% for June. Largest monthly % drop since May 1994. Suspect dollar bulls will begin having second thoughts soon. Just my thoughts and as always I could very well be totally wrong.
Good Luck, Good Trades

Bahrain Within 10 Pips 14:28 GMT July 20, 2004 Reply   
chf/yen
Buying at 1.8720 ---------->1.89

NYC PCM 14:16 GMT July 20, 2004 Reply   
Euro bouncing as expected but still needs more time and a little higher.

Bahrain Within 10 Pips 14:15 GMT July 20, 2004 Reply   
I will short cad at 1.3380...---->Cover 1.3084
I am still long from 1.3084...covering around 1.3290

Sydney Alimin 14:14 GMT July 20, 2004 Reply   
looks like a range will be formed now till greenie's speech later, time to have a little break too...good luck everyone

Bahrain Within 10 Pips 14:12 GMT July 20, 2004 Reply   
Dublin CK 14:10 GMT July 20, 2004
Bahrain Within 10 Pips 12:03 GMT July 20, 2004 - Thanks///
U Welcomed.. :)

Bahrain Within 10 Pips 14:11 GMT July 20, 2004 Reply   
Near term is 1.33

Dublin CK 14:10 GMT July 20, 2004 Reply   
Bahrain Within 10 Pips 12:03 GMT July 20, 2004 - Thanks

lnd 14:08 GMT July 20, 2004 Reply   
TO SJ 14:04 GMT. 1.40 is aggressive as well. just go long if you want and have a good stop in place and ride it dont think about targets that far out just play the trend. rem: cut your losses and ride your profits. or was it let your profits run. anyway gt.

mex sjs 14:07 GMT July 20, 2004 Reply   
quito , am in the y...oo mess

Sydney Alimin 14:07 GMT July 20, 2004 Reply   
gold under 400

quito_ecuador_valdez 14:05 GMT July 20, 2004 Reply   
Mex sjs//
BTW amigo, I've got 2 interesting links for you to consider regarding your training seminar. Plz email me, I lost your email. Hasta luego J.

TO SJ 14:04 GMT July 20, 2004 Reply   
What do you guys opinion of CAD?
I think Bahrain's target 1.35 is a little bit aggressive.

NYC NYC 14:03 GMT July 20, 2004 Reply   
eur is not leading today. Look at eur/gbp, eur/chf

quito_ecuador_valdez 14:01 GMT July 20, 2004 Reply   
Concering EUR/USD, we can jaw all we want but this dollar bull is just a normal chart movement caused by nothing in particular. Obviously the Euro bulls a few days ago ran out of steam and just can't hack the altitude AT THIS TIME, resting to resume the charge Friday or next week. Biscuit Boy's projected low of 1.2248 is not out of the relm here...mex sjs pointed out some interesting things below as well. It all boils down to simple mkt supply & demand, news these days doesn't effect much more than the pip raiders. We're on a steady climb to 1.30 or more but personally enjoying this juicy short...weekend money is a comin'.

Gen dk 14:00 GMT July 20, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Ldn 13:59 GMT July 20, 2004 Reply   
manila stubbs - looks like a bad feed - not showing on Reuters

manila stubbs 13:56 GMT July 20, 2004 Reply   
did anyone else see the spike in euro$? what the **** was that?

Tor Pumpkin 13:53 GMT July 20, 2004 Reply   
dude, the Bank of Cda announcement was an hour ago.

lnd 13:52 GMT July 20, 2004 Reply   
TO SJ 13:50 GMT. boc has left rates unchanged. that is a very big range to play with.

Gen dk 13:52 GMT July 20, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

TO SJ 13:50 GMT July 20, 2004 Reply   
It looks like USD/CAD is trading in range 1.300-1.3200-1.3400. Most analysts don't think Bank of Canada will change the rate today.

hk ab lazy 13:49 GMT July 20, 2004 Reply   
Do you guys really thinkn those crazy shorts on usd from 1.18, 1.32 and 1.75 can exit all in a day or 2?.....

Summer swings.... nice.

Bahrain Within 10 Pips 13:48 GMT July 20, 2004 Reply   
NDVHK.X
just bought this option

lnd 13:47 GMT July 20, 2004 Reply   
Mr QIndex. Great observation on $/cad. gl & gt to all.

Bahrain Within 10 Pips 13:43 GMT July 20, 2004 Reply   
Nasdaq will come out of the top right of the screen
I will be a very strong rally...wow

NY 13:39 GMT July 20, 2004 Reply   
Just an observation. When we have a day of waiting, news related, stop hunting goes innto effect. Weak longs and stops are hit, then move resumes. Todays Greeenspan testimony is obvious, weak economic news, weak USD flows, deficits continue to be weak, so interest rates will be slow and gradual at best. GL

Caribbean! Rafe... 13:38 GMT July 20, 2004 Reply   
pay attention to the TPL's entry price already gone since last night

GBP/USD SHORT TPL 1 TPL 2 TPL 3
ENTRY 1.8620 1.8495 1.8451 1.8424
STOP 1.8663

Sydney Alimin 13:30 GMT July 20, 2004 Reply   
I am not an expert on cable trading but interested in it lately...just want to know your opinions guys, are we somewhat neutral now? if bearish, what sort of price level that will change this view and if bullish what sort of price level that will negate it? TIA

Bahrain Within 10 Pips 13:25 GMT July 20, 2004 Reply   
GBPCHF...Going short soon at 1.3050 ----->1.26
Correction:
GBPCHF...Going short soon at 2.3050 ----->2.26

Bahrain Within 10 Pips 13:24 GMT July 20, 2004 Reply   
GBPCHF...Going short soon at 1.3050 ----->1.26

Bahrain Within 10 Pips 13:20 GMT July 20, 2004 Reply   
NYC PCM 13:17 GMT July 20, 2004
bahrain - hard for me to aswer that. I trade Euro/dollar cross on globex futures mkt, not FX spot, so the numbers are never quite the same

OK Thanks Man

NYC PCM 13:17 GMT July 20, 2004 Reply   
bahrain - hard for me to aswer that. I trade Euro/dollar cross on globex futures mkt, not FX spot, so the numbers are never quite the same

mex sjs 13:15 GMT July 20, 2004 Reply   
mex sjs 12:43 GMT July 14, 2004
here is an observation re gbpusd: during current year 2004, weekly range has been more than 300 pips on each one, but ONLY one was for a bit higher than 200 pips , first week of june; if we assume 1.8660 is high for current week then 1.8660-300= 1.8360, on the other hand if we assume 1.8520 is the low for the week , the 1.8520 + 300 = 1.8820; so what is next, take your pick on this one....good trades

last week was a 273 pip range, so it's the second week of the year range under 300 pips, my believe believe high was made yesterday, so i guess 1.8470 is next station...on the other hand, if 1.8544 is low for the week, then +300, 1.8844 would be the tgt...any opinions???

Bahrain Within 10 Pips 13:14 GMT July 20, 2004 Reply   
Goes (NL) B747 13:11 GMT July 20, 2004 //
NDX is going up for a week...should stop the rallay at 1550
I think it's the other way...MKT is doing the talking rather greenie

Tallinn viies 13:12 GMT July 20, 2004 Reply   
amc - 1,2470/80 is a 61,8% retracementy level for the move from 1,29 to 1,1750.
those level are quite important sometimes and they dont give up easily

Bahrain Within 10 Pips 13:12 GMT July 20, 2004 Reply   
NDX futures anyone please?

Goes (NL) B747 13:11 GMT July 20, 2004 Reply   
Miami OMIL (/;-> 13:08 GMT July 20, 2004

what will Mr. Greensapan say is very important but it looks like traders do not pay attention to the other side.
There is nothing that make EUR to be above 1.1700 for now.


gt

Miami OMIL (/;-> 13:08 GMT July 20, 2004 Reply   
With the break of a key support for eur/usd we are looking with the possibility to take out the 1.2340-50 support at this time and other support under are at 1.2315-25, 2280-90, 2230-40 and 2205-15. Data was not that good for US but traders are waiting now to hear what Greenspan has to say IMHO. GL GT

Bahrain Within 10 Pips 13:07 GMT July 20, 2004 Reply   
NYC PCM 12:58 GMT July 20, 2004 ///
Does 1.2240 mean anything in the chart??

ny amc 13:05 GMT July 20, 2004 Reply   
tallin...........what made you short the euro yesterday

NYC PCM 12:58 GMT July 20, 2004 Reply   
Now looking for that euro bounce to happen. would love it to go back to near prior day low (and 0.36 retrace of this wave down). that would be the perfect spot to short some more

lnd 12:55 GMT July 20, 2004 Reply   
Vilnius 12:18 GMT. in the old days the knockouts were great and hedge funds (soros had a lot of issues with a swiss bank) used to get killed on these as the banks would just go out there and get it knocked out. sometimes it would trade briefly and then a big debate would start as to whether this level was hit. but nowadays this is not such a big issue and they act as Dr Q's super magnets. especially on a quiet nondata nonevent driven market.

Mtl JP 12:55 GMT July 20, 2004 Reply   
fwiw, BoC will post its rate announcement and statement here in 5 mins

Tallinn viies 12:50 GMT July 20, 2004 Reply   
if 100 pips per day on the table. Im leaving the game...

be ready to rock near 1,2340

Bahrain Within 10 Pips 12:47 GMT July 20, 2004 Reply   
NYC PCM 12:38 GMT July 20, 2004 //
Hang in there till 9:00 PM NY Time
No worries...1.2250 be carefull there

Gen dk 12:40 GMT July 20, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

NYC PCM 12:38 GMT July 20, 2004 Reply   
Still short Euro but not getting bounces to add on. I'm getting the buy signals to say it should bounce but they're all failing. clearly very weak indeed.

GER ad 12:30 GMT July 20, 2004 Reply   
GBP/CAD,
out at 2.4344

Gen dk 12:29 GMT July 20, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Melbourne Qindex 12:27 GMT July 20, 2004 Reply   
Spot Gold : 402 : 402.5

Tallinn viies 12:21 GMT July 20, 2004 Reply   
Vilnius 12:18 GMT - most of the time if they are big enough they work like a magnet. it comes from hedging process

Bahrain Within 10 Pips 12:19 GMT July 20, 2004 Reply   
NDVHK.X
Yahoo symbol for the option of the week
this will up at least 10 times the value
for ^NDX

Vilnius 12:18 GMT July 20, 2004 Reply   
Tallinn viies 12:06 GMT July 20, 2004

well DNT gives load of results (since ther are words like didnt).
same with "option", since everyvody is talking about option expiry, but i dont see any explanations about it.

Anyone has any link where i can get some info about option influence on spot rate?
Or anyone could explain that in brief? would be most greatful.

Does it work like magnet? resistance? support?

Bahrain Within 10 Pips 12:12 GMT July 20, 2004 Reply   
Cad I think for long term will not stop going up from today's low
I think we will see it 1.35 by month end

Bgd PS 12:11 GMT July 20, 2004 Reply   
Bahrain Within 10 Pips 12:08 GMT July 20, 2004

Cheers for clearing this up mate.
Thanks.

Goes (NL) B747 12:10 GMT July 20, 2004 Reply   
Bahrain Within 10 Pips 12:07 GMT July 20, 2004

imo, if EURUSD will not touch 1.2520/30 this week all of it's momentum will be gone.


gt

Bahrain Within 10 Pips 12:08 GMT July 20, 2004 Reply   
eur is short anytime at 1.2470...
sorry man

Bahrain Within 10 Pips 12:07 GMT July 20, 2004 Reply   
Bahrain Within 10 Pips 11:37 GMT July 20, 2004
leave it for a week then cover before the weekend at 1.22
it's a great buy for next week from 1.2180
Leave that till 1.2570 buy month end


Are you looking for euro to be at 1.2020 or 1.2570 by end of the month. !?!?!?

That part was for chf..

Tallinn viies 12:06 GMT July 20, 2004 Reply   
Vilnius 11:51 GMT July 20v - not an expert on that field but on this forum this subject has covered many many times.
put DNT or Option to search field and Im sure you ´get enough answers to your question

Bgd PS 12:05 GMT July 20, 2004 Reply   
Bahrain Within 10 Pips 12:02 GMT July 20, 2004

Thanks for your reply, and what about your 1.2570? (message that you have sent at 11:37 GMT)

NYC PCM 12:05 GMT July 20, 2004 Reply   
I'm guessing Euro tests that set of lows we got on 7/15. should get a reasonable bounce there - pretty powerful support area

Tallinn viies 12:04 GMT July 20, 2004 Reply   
I guess Greenspan will be little bit more hawkish than markets expect hime to be.
this will add power to bears...
target 1,2330/40 first now :)
cu there

Calabash TarHeel 12:04 GMT July 20, 2004 Reply   
Bgd PS 12:01 GMT July 20, 2004
Kaunas 11:58 GMT July 20, 2004

Well, this way they will be right which ever way it goes. :)

Thank You!

Bahrain Within 10 Pips 12:03 GMT July 20, 2004 Reply   
Dublin CK 12:00 GMT July 20, 2004
Any opinions on Eur/Aud, its at support levels similar to the beginning of June.

Great by at 1.6890 ---->1.73
Nice call

Bgd PS 12:03 GMT July 20, 2004 Reply   
Antwerp Tom 12:00 GMT July 20, 2004

Let see what Bahrain will say!

Sydney gvm 12:03 GMT July 20, 2004 Reply   
stopped on my euro; still believe long euro is the go but money manegement dictates I am out for while

Bahrain Within 10 Pips 12:02 GMT July 20, 2004 Reply   
Bgd PS 11:55 GMT July 20, 2004 //
Today only long at 1.2240 (eur)
It will go back to 1.2470...then there is no higher level for a month
1.2470 might happen this week(Say Thurs)...but not next week
Hold short the position for a month an get out at 1.2020

Bgd PS 12:01 GMT July 20, 2004 Reply   
Kaunas 11:58 GMT July 20, 2004

Well, this way they will be right which ever way it goes. :)

Goes (NL) B747 12:00 GMT July 20, 2004 Reply   
NYC PCM 11:57 GMT July 20, 2004

a mix

Dublin CK 12:00 GMT July 20, 2004 Reply   
Any opinions on Eur/Aud, its at support levels similar to the beginning of June.

Its fallen 800 pips over a number weeks. But it seems unable to sustain a break below 1.70 / 1.69.

Daily indicators are pointing to oversold, but as of yet have not pointed bullish.

Thoughts welcome.......

Antwerp Tom 12:00 GMT July 20, 2004 Reply   
PS, i think the 1.2570 from within 10 pips is for swissie

Gen dk 11:58 GMT July 20, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Kaunas 11:58 GMT July 20, 2004 Reply   
Bgd PS 11:55 GMT July 20, 2004

Good observation :)
I noticed some time ago that this guys gives very contradicting opinions in very short period of time.

NYC PCM 11:57 GMT July 20, 2004 Reply   
Goes NL - what kind of TA are you using?

Bgd PS 11:55 GMT July 20, 2004 Reply   
Bahrain Within 10 Pips 10:08 GMT July 20, 2004
Cad is a censored of a buy Now-------->1.33
Eur will crash to 1.2020 by month end
Aus is droping from here to 1.7180

Bahrain Within 10 Pips 11:37 GMT July 20, 2004
leave it for a week then cover before the weekend at 1.22
it's a great buy for next week from 1.2180
Leave that till 1.2570 buy month end


Are you looking for euro to be at 1.2020 or 1.2570 by end of the month. !?!?!?

Bahrain Within 10 Pips 11:54 GMT July 20, 2004 Reply   
Eur will not see 1.2450 for a month at least
I don't recommened U Long
Unless under 1.22 fot his week

Gen dk 11:53 GMT July 20, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Goes (NL) B747 11:53 GMT July 20, 2004 Reply   
NYC PCM 11:50 GMT July 20, 2004

looks right, but should start from 1.2520...must touch before 10/AUG/04 must show 1.25xxx to allow the SEP-DEC run.

but all of this based on what happened and forex markets looking like an oil field full with workers that walk arouind with torchs....very risky field for the moment.


gt

KL KL 11:53 GMT July 20, 2004 Reply   
Amazing gbpusd...like a waterfall ... unfortunately I was stopped out early this afternoon by few pips...still had some dinner money. 2 days ago 1.90, 3 days later 1.84....talk of net short positions by tom dick harry and now banks selling. I have no idea what is happening but maintain that this retracement/correction can be deep. Same story for eur aud...gl gt

NYC PCM 11:51 GMT July 20, 2004 Reply   
Yes I see plenty of long signals at this point for a bit of a bounce (probably a wave 4), but I'd rather wait and stick with the trend - try to add to short at top o bounce

Vilnius 11:51 GMT July 20, 2004 Reply   
Tallinn viies 11:42 GMT July 20, 2004

could you please explain how does those option levels affect spot rate?

Tallinn viies 11:50 GMT July 20, 2004 Reply   
Goes (NL) B747 11:49 - too early I think

NYC PCM 11:50 GMT July 20, 2004 Reply   
From a cyclical analysis point of view I'd expect this decline to continue thru to the beginning of september.

Goes (NL) B747 11:49 GMT July 20, 2004 Reply   
looks good point to long EUR/USD for 40pips...
your comments please



gt

NYC PCM 11:46 GMT July 20, 2004 Reply   
In my view we've embarked on the next leg down from the high back in February on the euro. Holding short from Near high and looking to add on any bounce.

If I'm right this projects down nearly 1000 points before it's over.

Tallinn viies 11:42 GMT July 20, 2004 Reply   
talks that 1,2425 options rolls off today
and huge option at 1,2500 expires tommorow
fwiw

Bahrain Within 10 Pips 11:37 GMT July 20, 2004 Reply   
leave it for a week then cover before the weekend at 1.22
it's a great buy for next week from 1.2180
Leave that till 1.2570 buy month end

Antwerp Tom 11:36 GMT July 20, 2004 Reply   
closed € short @ 1.2408 +32
long € now 1.2385 GL GT

Gen dk 11:34 GMT July 20, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

saloniko 2004 nk...1.40+++ 11:32 GMT July 20, 2004 Reply   
Good Morning..


Euro : as long we stay above 1.2140/50 ..i like it..
$/CHF ...as long is under 1.27++ ..i like it for under 1.20

GL..
GT..
By
nk

Vancouver JS 11:32 GMT July 20, 2004 Reply   
Bahrain Within 10 Pips 11:25//
I agree with you re chf. what is your eta?

hk ab lazy 11:25 GMT July 20, 2004 Reply   
Greensy telling us sth new soon?

Or more likely (I think) fund guys exit all the dlr shorts for summer and then restart in Sept?

Bahrain Within 10 Pips 11:25 GMT July 20, 2004 Reply   
chf looks great at 1.2450 --->1.2130

Bahrain Within 10 Pips 11:22 GMT July 20, 2004 Reply   
Sydney gvm 11:12 GMT July 20, 2004 //
Thanks and You are a good man!!
I recommend it 1.2250 after NY close
Might be moring for U I think...cheers

Sydney Alimin 11:21 GMT July 20, 2004 Reply   
are we gonna see cable trading around 1.84 tonite? anything is possible with uncle greenie's talk

melbourne farmacia 11:19 GMT July 20, 2004 Reply   
hk ab lazy 11:05 GMT July 20, 2004
Cycle day 22 july ab.... My Gbp/usd cycle period was yesterday.... as posted on friday.... GT

Gen dk 11:12 GMT July 20, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Sydney gvm 11:12 GMT July 20, 2004 Reply   
Bahrain Within 10 Pips - cheers for the advice - looks like you may be right

Riga RIA 11:08 GMT July 20, 2004 Reply   
Talk US invest selling cable down to 1.8545 after stops done below 1.8580/60..GL

Bahrain Within 10 Pips 11:06 GMT July 20, 2004 Reply   
Sydney gvm 10:53 GMT July 20, 2004 ///
If I may recommend that you buy it after 12 Hours

hk ab lazy 11:05 GMT July 20, 2004 Reply   
farmacia, could your cycle day come one day earlier?

Sydney Alimin 11:05 GMT July 20, 2004 Reply   
aud and euro will follow soon

Nottingham 11:05 GMT July 20, 2004 Reply   
euro...demand may appear 2380 all the way down to 2350...gl gt

Sydney Alimin 11:02 GMT July 20, 2004 Reply   
lol, cable crashes

Sydney gvm 10:53 GMT July 20, 2004 Reply   
Buying Euro now in decent volume (for me) S/L 1.2383 T/P 1.2485

Tallinn viies 10:44 GMT July 20, 2004 Reply   
1,2395/00 support here but I think yesterdays low will be cleared soon. then of course selling pressure inreases again. :)
good trades

Bah BAHRAIN1 10:36 GMT July 20, 2004 Reply   
BUYING GBPCAD HERE WITH STOP AT 2.4250 GL.

Bahrain Within 10 Pips 10:30 GMT July 20, 2004 Reply   
Eur/chf will take a 90 degree free fall from here

KL Codain 10:24 GMT July 20, 2004 Reply   
EUR/USD: wait till it reach 1.2410/1.2385 long to the target of 1.2460/1.2550

Melbourne Qindex 10:18 GMT July 20, 2004 Reply   
GER ad 10:05 GMT - Last Friday it was easier to follow. One by one they moved towards my weekly cycle key quantized level (super magnets). USD/CAD was almost the last one to make the move.

Bahrain Within 10 Pips 10:11 GMT July 20, 2004 Reply   
GER ad 10:05 GMT July 20, 2004
Cad at best level now

Bahrain Within 10 Pips 10:08 GMT July 20, 2004 Reply   
Cad is a censored of a buy Now-------->1.33
Eur will crash to 1.2020 by month end
Aus is droping from here to 1.7180

GER ad 10:05 GMT July 20, 2004 Reply   
Melbourne Qindex 09:48 GMT July 20, 2004
...For some unknown reason USD/CAD want to wait.

Last Friday we have similar conditions early in the day (lower Cable and EUR/USD unchanged/lower USD/CAD) and by the end of the day we got higher Cable and EUR/USD also lower USD/CAD.
I am not sure that it happens again but long GBP/CAD (now 2.4320) could be not bad solution. GT & GL.

PC Beach, FL Chris 09:49 GMT July 20, 2004 Reply   
Anyone use Java based Strategem charts? I installed a new video card last night for multiple monitors and the charts have smeared/broken-up area on them. Charts were fine last night but now look distorted. Dumped the Java cache/restarted the charts, no effect..Short EUR/USD from 1.2443, 15min...

Good trades to all.

Melbourne Qindex 09:48 GMT July 20, 2004 Reply   
Goes (NL) B747 09:45 GMT - Just concentrate on GBP/JPY , USD/JPY and GBP/USD. For some unknown reason USD/CAD want to wait.

Goes (NL) B747 09:45 GMT July 20, 2004 Reply   
*** correction ***

Dr. Q,

I salute you regarding the GBP/JPY call.
what is next from your current biew?


tia & gt

Goes (NL) B747 09:45 GMT July 20, 2004 Reply   
Dr. Q,

I salute you regarding the GPY/JPY call.
what is next from your current biew?


tia & gt

Melbourne Qindex 09:41 GMT July 20, 2004 Reply   
Spot Gold : Heading Towards 404.3

Riga RIA 09:37 GMT July 20, 2004 Reply   
Just hear abt good gbpzar selling n stops below 10.9500..GL

Melbourne Qindex 09:34 GMT July 20, 2004 Reply   
GBP/USD : Daily Cycle Quantized Levels


... // 1.8573* - 1.8596 - 1.8619 - 1.8642 - 1.8665* // ...

Riga RIA 09:31 GMT July 20, 2004 Reply   
Warsaw , march....In med term I expect EURPLN drop to 4.38/36 but good bounce off n test 4.65 until dec...gl

Riga RIA 09:30 GMT July 20, 2004 Reply   
Seems eurczk can bounce off 31.15 at first attempt but hear abt offers ahead 31.30/40 now , expect hold 31.40/31.00 at mom range..ress 31.30/31.38/31.45 , sppt 31.16/31.11/31.05..GL

Riga RIA 09:27 GMT July 20, 2004 Reply   
Warsaw , mach, hi..yes I will place stop at 4.5050/51..GL

Warsaw mach 09:24 GMT July 20, 2004 Reply   
Riga RIA, I must agree with you that EURPLN is a sell at 4.47, 4.48 but with tight stop reverse above 4.50 for 4.60 target (if EURUSD stays at current level, PLN will weeken in sep-nov area)

Bah BAHRAIN1 09:22 GMT July 20, 2004 Reply   
test

Makati Obelix 09:17 GMT July 20, 2004 Reply   
Ok, thanks again Dr. Q

Melbourne Qindex 09:15 GMT July 20, 2004 Reply   
Makati Obelix 09:13 GMT - Those are quantized levels for my reference only.

Bah BAHRAIN1 09:14 GMT July 20, 2004 Reply   
Soooon $CAD will be a buy.... wait for the right signle to go long. GL.

Makati Obelix 09:13 GMT July 20, 2004 Reply   
Thanks Dr. Q. May I ask again the significance of the asterisk on the extreme left & right as well as the center?

Riga RIA 09:13 GMT July 20, 2004 Reply   
Watch sell EURHUF ahead 250.10/50 for 247.50 tgt n EURPLN sell near 4.47/48 for 4.4250/4100 tgt//GL

Gen dk 09:11 GMT July 20, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Antwerp Tom 09:11 GMT July 20, 2004 Reply   
Nice call Viies short 1.2440 GL GT

Riga RIA 09:11 GMT July 20, 2004 Reply   
usdzar can move higher to 6.00 but expect capp at 6.05 now-- heard abt good exporters offers there, large US investment bank remained on the bid all day. They managed to push the rand to 5.9400 but renewed selling again pushed the currency down to just above 5.9000 this morning.....Also hear some good bids remain at 5.88 with large stops below5.85 sppt...ress now 5.98 n 6.01..GL

Melbourne Qindex 09:09 GMT July 20, 2004 Reply   
Makati Obelix 09:06 GMT - GBP/USD : I posted only part of the ranges. It has a long way to go!

Tallinn viies 09:09 GMT July 20, 2004 Reply   
top in place I hope.
hourly stochastic crossed lower, price moved under previous bar low, etc.
lets take out Asian low and push the ball rolling

Nairobi TN 09:07 GMT July 20, 2004 Reply   
KL KL

Must say very nice call on cable. Hats off

Makati Obelix 09:06 GMT July 20, 2004 Reply   
Dr Q, this would be outside your monthly cycle Quantized level.

Melbourne Qindex 01:27 GMT July 20, 2004
GBP/USD : Pulling Back to 1.8413 - 1.8423.

Melbourne Qindex 14:11 GMT July 19, 2004
GBP/USD : The current expected trading ranges from mymonthly cycle are as follow :-

Monthly Cycle Quantized Levels

... // 1.8537* - 1.8615 - 1.8693* - 1.8770 // 1.8849* ...

Beijing Laowen 09:06 GMT July 20, 2004 Reply   
Revdax, Tallin Viies is a ten-year FX trader and had become consistently profitable for the last 3 years. Based on my observation, he is a position swing trader with ard. 100 pips risk.

Tallinn viies 09:05 GMT July 20, 2004 Reply   
if after far better numbers euro cant move higher it shows clearly :) that donwside is far more probable.
sell this piece n cash the profit later near 1,2370 for example

Bah BAHRAIN1 09:03 GMT July 20, 2004 Reply   
German ZEW at 48.4 vs 47.4

Ldn Viewer 09:02 GMT July 20, 2004 Reply   
ZEW 48.4 so much for rumours , maybe for once German names did not have info before hand .. ahahahah .. overall market looks and feels short USD (we all know it is) ... maybe time soon for a flush out of current positions ... GL all

GENEVA FHR 09:01 GMT July 20, 2004 Reply   
ZEW 48.4

Tallinn viies 08:57 GMT July 20, 2004 Reply   
talks that Zew expectation numbers comes 44.0 insteed of 47,0 expected...

Zaporozhye, UA Nemo 08:53 GMT July 20, 2004 Reply   
GBPUSD is bullish until above 8480 IMHO

Zaporozhye, UA Nemo 08:53 GMT July 20, 2004 Reply   
GBPUSD is bullish unti above 8480 IMHO

LAX-LGB SNP 08:52 GMT July 20, 2004 Reply   
considering USDJPY longs ahead of 107.60-108 zone

Bah BAHRAIN1 08:42 GMT July 20, 2004 Reply   
Part short EURGBP @ 0.6684 will add more at 6700 with stop at 6715. Good luck to u all.

Melbourne Qindex 08:35 GMT July 20, 2004 Reply   
Melbourne Qindex 01:27 GMT July 20, 2004
GBP/USD : Pulling Back to 1.8413 - 1.8423.

Melbourne Qindex 14:11 GMT July 19, 2004
GBP/USD : The current expected trading ranges from mymonthly cycle are as follow :-


Monthly Cycle Quantized Levels

... // 1.8537* - 1.8615 - 1.8693* - 1.8770 // 1.8849* ...

Melbourne Qindex 12:34 GMT July 19, 2004
GBP/JPY : The current expected trading ranges from my monthly cycle are as follow :-

Monthly Cycle Quantised Levels


... // 199.13* - 200.5 - 201.57* - 202.79 - 204.01* // ...

Gen dk 08:33 GMT July 20, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Goes (NL) B747 08:25 GMT July 20, 2004 Reply   
hk revdax 08:21 GMT July 20, 2004

yes, may become the best move...


gt

hk revdax 08:21 GMT July 20, 2004 Reply   
i would sell both euro and gbp

Bah BAHRAIN1 08:20 GMT July 20, 2004 Reply   
EURGBP is a sell here with stop above 6710.

Goes (NL) B747 08:17 GMT July 20, 2004 Reply   
EUR/GBP = BUY

Tallinn viies 07:53 GMT July 20, 2004 Reply   
hk revdax 07:14 GMT - send me an email if you want more info: [email protected]

Bah BAHRAIN1 07:32 GMT July 20, 2004 Reply   
Tallinn viies 06.59GMT/// Hi mate, lucky man...all the best.
touch wood. :-)

Hi frnds good day to you all...wish you all the best and happy trades.

Tip4the day: watch GBPCAD...buy dips. GL.

hk revdax 07:16 GMT July 20, 2004 Reply   
Tallinn viies //do you trade your own account or for other people?

hk revdax 07:14 GMT July 20, 2004 Reply   
Tallinn viies //in terms of percentage of the invested margin???

Tallinn viies 06:59 GMT July 20, 2004 Reply   
hk revdax 06:33 GMT - dont understand your question exactly but Im using 5-10 times leverage and this year dont have single minus month. maximum profit per month 470 pips.

MONACO OGA 06:49 GMT July 20, 2004 Reply   
FX UPDATE 20/07
Good morning,

***EUR***
EUR/USD (currently 1,2440), same level as yesterday's opening. EUR/USD hovered inside 1,2400-60 in a rather dull and uneventful session. No major data was issued, just the eurozone industrial production for May slightly higher than expected at +0,7%. All in all, the US currency remains weak and EUR/USD stays near from its 4 months high. This morning we feel that our range strategy is endangered so we will closely monitor any break of 1,2465-75 that could trigger a run to 1,2550. On the downsides, 1,2400 appears as first support before 1,2340 intermediary, and next important one around 1,2225-50. Our range trading view is still valid for the time being, but we need to raise the range to 1,1950-1,2525.

Data out today:

UK M4 money supply June expected 0.8% 08.30 GMT
Eurozone ZEW survey July expected 55,6 09.00 GMT
Ger ZEW survey July expected 47,0 09.00 GMT
US housing starts June expected 1992K 12.30 GMT
US building permits June expected 2000K 12.30 GMT
US Mr GREENSPAN to report on economy and FED policy 18.30 GMT

Gold at 406,50, with WTI August at 41,51

***JPY***
USD/JPY (108,55). The pair rebounded from 108,10 as we expected it yesterday, printing 108,75 on NIKKEY overnight losses. Nothing has changed from yesterday, the market is looking long JPY, so any uptick to 109,50 could trigger some stop loss orders. For the time being, we stick to our medium term strategy with the pair hovering inside 107-112.
EUR/JPY currently 135,20,still in a consolidative pattern inside 133,50-135,50.

***GBP***
Cable (currently 1,8650), retraced 100 pips from yesterday's 5 months high. 1,86 which acted as a strong resistance should now be considered as a strong support, and as long as the pair closes above 1,86 we are forced to remain bullish GBP. Our 1,82-1,86 scenario was negated last week, and we will now adopt a mildly bullish GBP stance.
EUR/GBP (0,6675). The cross gained 25 pips on overnight GBP retracement. We remain neutral for the time being as long as we stay inside 0,6630-0,6730 but will closely monitor any break of 0,6630 support.
Have a nice day,

Olivier

Bahrain Within 10 Pips 06:47 GMT July 20, 2004 Reply   
Eur/yen
Aussie
and GBP/CHF
short just now

hk revdax 06:33 GMT July 20, 2004 Reply   
Tallinn viies //How are you? If someone hands you a mil and wants 30% at the end of the year. How much risk are you prepared to taking on this amount? tia

Ldn 06:28 GMT July 20, 2004 Reply   
EUR ECON: Germany May Construction Orders -11.3% y/y

Tallinn viies 06:26 GMT July 20, 2004 Reply   
good morning.
selling the euro here short term is still adviced.
stop at 1,2479

Swidnica/Poland profi-forex 06:18 GMT July 20, 2004 Reply   
20.07.2004 (01.45)

USD/JPY(CURRENT LEVEL 108.71) - YESTERDAY USD FIND SUPPORT AT 108.10. FROM THIS REGION WE HAVE BOUNCE. WE BROKE RESISTANCE AT 108.50/70. NOW WE SHOULD SEE TEST 109.00 REGION. MARKET SHOULD WAIT FOR GREENSPAN SPEAKS ON PRESENT LEVELS.

EUR/USD(CURRENT LEVEL 1.2451) - YESTERDAY EUR FIND SUPPORT AT 1.2400 REGION. STRONG RESISTANCE IS AT 1.2460/70. NEXT DIRECTION DEPEND ON ZEW INDEX AND GREENSPAN SPEAKS.

USD/CHF(CURRENT LEVEL 1.2280) - STRONG RESISTANCE AT 1.2310/15 CONFIRM THAT BEARS DOMINATE ON MARKET. IF WE BREAK 1.2240 SUPPORT, WE SHOULD SEE FALL USD TO 1.2180 REGION. IF WE BREAK ABOVE 1.2415, THIS COULD BE BUY SIGNAL.

GBP/USD (CURRENT LEVEL 1.8669) - SUPPORT - 1.8630, RESISTANCE - 1.8750/70. RANGE AS GREENSPAN AWAITED.

Syd 05:40 GMT July 20, 2004 Reply   
AUD heavy ahead of 0.7350 and 0.7360 option barriers
latter expiries next Monday Japanese mostly selling

Ldn Viewer 05:33 GMT July 20, 2004 Reply   
Syd 04:54 GMT - Its news again and on the radar screens due to the House and the Senate Joint Conference happening around now Mid July and if they reach agreement on the bill thus giving the green light to such possible flows ..

Hope all used lower levels to add to USD longs in USDJPY and average out .. Summer months need time for positions to come out on Top .. GL all

Syd 04:54 GMT July 20, 2004 Reply   
Sydney Ge11Ja yes have seen the report on CNBC earlier this year , however its being run by a newswire at the moment , one has to question the motive at this moment in time.

Sydney Ge11Ja 04:44 GMT July 20, 2004 Reply   
Syd 03:12 GMT July 20, 2004

This story has been in the market for quite a few months, the thinking is that if the act goes through then loads of funds held offshore by US multi nationals will be repatriated. The market though is taking a wait and see attitude and will not act until it becomes clearer the act will be passed. Definitely something you want to keep an eye on.

hk revdax 04:37 GMT July 20, 2004 Reply   
NYC NMP 04:11 //Your thinking might be right but today perhaps is not the time to do it.

Syd 04:29 GMT July 20, 2004 Reply   
AUD/USD capped by sell-on-rally interest, options-related offers and with the euro coming down Aussie may follow according to some Japanese dealers in Asia session

hk revdax 04:28 GMT July 20, 2004 Reply   
Caribbean! Rafe... 23:36 //Depending on my whim!

NYC NMP 04:11 GMT July 20, 2004 Reply   
Does anyone have any ideas on the USDCAD pair. I'm thinking to continue to ride it down to 1.26!

st. pete islander 03:14 GMT July 20, 2004 Reply   
Calabash TarHeel 01:45 GMT

Good Evening, TarHeel. Sorry for late reply. Very well, thanks. Not doing much in July ... new house, new office, grandson's birthday, and all the moving that goes with it. Hot, humid, and rain. Perfect time to relocate, huh? Hope all is well. Markets ... no follow through .... just summer blahs and the range. No time or desire to scalp. Good time to get other projects out of the way, IMHO. Stay well.

Syd 03:12 GMT July 20, 2004 Reply   
U.S. Homeland Investment Act, which currently under deliberation, USD repatriation rates have been low till now. Asian countries, particularly HK, Singapore, have high exposure to U.S. MNCs- SGD may be most vulnerable among regional units as Singapore accounts for estimated 19% of U.S. MNC receipts from South-east Asia a potential USD repatriation (estimated between $70 billion and $300 billion) this some say could possibly hurt Asian FX short term

Does any of the seasoned traders have a view on this BC etc.

Cairo Amgad 02:49 GMT July 20, 2004 Reply   
Sell limit GBP/USD 1.8667 target 1.8614 S/L 1.8692

GL GT

Cairo Amgad 02:45 GMT July 20, 2004 Reply   
GBP/USD is good for buying at:
1.8591-95 target 1.8836-39 S/L 1.8542

It is 61.8% Fibo of last move from 1.8476 to 1.8774
and 23.6% Fibo of major move from 1.7999 to 1.8774

GL GT

Caribbean! Rafe... 02:38 GMT July 20, 2004 Reply   
posted a bit early but should work.

Caribbean! Rafe... 02:37 GMT July 20, 2004 Reply   
USD/JPY LONG TPL 1 TPL 2 TPL 3
ENTRY 108.60 109.32 109.58 109.74
STOP 108.06

sydney bl 02:35 GMT July 20, 2004 Reply   
thank you Dr Qindex

Melbourne Qindex 02:33 GMT July 20, 2004 Reply   
sydney bl 02:18 GMT - I am not sure but it is under pressure from AUD/JPY.

Miami OMIL (/;-> 02:19 GMT July 20, 2004 Reply   
Good to hear from you BC I wish it was more often but I will take what you give ;-). Thank you for the comments as they are always appreciated here. It is also a treat to have more participation from the ladies and gentlemen of the GVI forum. They have bags and bags of goodies (information) for all of us to benefit from. FWIW eur/usd is ranging as usual and with no real data that can push this pair I think we will range for the rest of the week as well. Retracement numbers stay the same and support is now found at 1.2410-20, 1.2390-2400 and 1.2370-80 for now. Intraday indicators are in a mixed mode and mid term indicators are hinting for a dip to test the support at this time. We are still in a bullish channel but running out of time and with the upper field for the bulls littered with land mines (option barriers) the upside will be limited at this time (no brave souls to take up the bull side at this time) with a summer range in the air IMHO. GL GT

Islander good to have you back I hope you had a wonderful trip. I will turn the box on later.

sydney bl 02:18 GMT July 20, 2004 Reply   
thanks for your reply Dr Qindex, but when you say you don't feel good on this pair, does that mean we already seen the high for this week

Melbourne Qindex 02:11 GMT July 20, 2004 Reply   
Syd 02:07 GMT - AUD/USD : It is retreating from my monthly cycle nornal limit.

Syd 02:07 GMT July 20, 2004 Reply   
Melbourne Qindex any particular reason why you dont feel comfortable on the AUD

Spr Noods 02:03 GMT July 20, 2004 Reply   
interesting enuf KL
there is a no of people that I speak to regularly who is also calling for a bout of correction largely based on loss of momentum...gl gts

Melbourne Qindex 02:03 GMT July 20, 2004 Reply   
sydney bl 02:00 GMT - AUD/USD : I don't feel good on this pair. See details in my weekly cycle analysis.

sydney bl 02:00 GMT July 20, 2004 Reply   
Morning Dr Qindex could I ask for your opine on AUD/USD thanks

KL KL 01:57 GMT July 20, 2004 Reply   
Spr Noods 01:41 GMT July 20, 2004
No probs...all inverse indicator will eventually meet again in the middle at a later date. Any way I am short and long term player depending on situations. Looking for pips here and there hit and run sometimes walk...No point being too technical or being being too analytical.... Move my sl lower to 1.8659 lets see if they want to stop hunt up or down....the other thing is that every tom dick and harry is shorting $.....wander what levels of drop in gbpusd or other ccy will they really feel the pain? Have to go for 2 hours see u later gl gt

Melbourne Qindex 01:50 GMT July 20, 2004 Reply   
Melbourne Qindex 14:11 GMT July 19, 2004
GBP/USD : The current expected trading ranges from mymonthly cycle are as follow :-


Monthly Cycle Quantized Levels

... // 1.8537* - 1.8615 - 1.8693* - 1.8770 // 1.8849* ...

Singapore Sfx 01:48 GMT July 20, 2004 Reply   
Cbl - fwiw - 1.8626 midpoint of Friday's real body ..

Calabash TarHeel 01:45 GMT July 20, 2004 Reply   
st. pete islander 01:22 GMT July 20, 2004
Hey Islander, how's everything down your way. Hope it's not as dull as the markets today.

Ga Lee 01:42 GMT July 20, 2004 Reply   
cable- might see some support 'round the 10 day I reckon, I've a daily tl comin' in now, can't see too much of a pullback here, wud tend to buy on dips for now.

Spr Noods 01:41 GMT July 20, 2004 Reply   
Hi KL no offence
Stg/Usd vs FTSE100 the relationship is inverse

nyc jk 01:37 GMT July 20, 2004 Reply   
thanks guys. holding longs myself , but bit longer term position, so just wanted to see what the bear side was thinking. KL good points re the FTSE and market positioning, extremely doubltful that the BOE would be selling GBP in any meaningful way at the moment though imo.

Caribbean! Rafe... 01:33 GMT July 20, 2004 Reply   
jk// I guess I stay neutral until GBP trades around/below 1.8620.

KL KL 01:33 GMT July 20, 2004 Reply   
nyc jk 01:19 GMT July 20, 2004 , It depends on the situation and time of day. I know there are sharks around but my short from yesterday 1.8740 is still alive and I will be out soon to get some rest. I wanted to close at the level I shorted again but at the moment I feel there is pressure on the pound due to FTSE dropping . Also lots of stale longs around and needs to be flushed out before another move up. Could be deep too this retracement .... 1.8470 should be floor. Who knows BOE could also be sellers at such high levels. Today there is no GUARANTEE no govt will not intervene to prop up their competitiveness. We live in a "cheating" world these days...no one wants a strong dollar...

nyc jk 01:31 GMT July 20, 2004 Reply   
why you guys all bearish GBP? looks like a correction in a bull market to me.........

Melbourne Qindex 01:27 GMT July 20, 2004 Reply   
GBP/USD : Pulling Back to 1.8413 - 1.8423.

Caribbean! Rafe... 01:24 GMT July 20, 2004 Reply   
I'm using a stop of about n=0.0043 for GBP today.. Experimental stop just to see if it get's hit tonight but not short yet will wait till lower down...

st. pete islander 01:22 GMT July 20, 2004 Reply   
OMIL ... are you in the house?

Gen dk 01:22 GMT July 20, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

nyc jk 01:19 GMT July 20, 2004 Reply   
kl - you sold GBP with a 16 pip stop loss? it may work out for you but why leave it so close? someone comes in and buys 30 quid at this time of day and you will be stopped before the deal even shows up in your positions....

KL KL 01:07 GMT July 20, 2004 Reply   
Sold more gbpusd at 1.8664 added. Yesterday still open and with sl now adjusted to 1.8680 for some $$$ left for dinner. Looking for 1.86 -1.8580. FTSE under pressure and see how strong the gbp bulls are or perhaps driving out those stale bears...gl gt

shanghai bc 00:30 GMT July 20, 2004 Reply   

RAFE--Good morning..Good trades.

NY 00:26 GMT July 20, 2004 Reply   
shanghai bc 00:09
Thanks.
The 105 to 110 range is well supported. The domestic turnaround in Japan and a soft landing in China seem to ignite some attention. The foucus is on the asian currencies to lead the way towards balancing (if that is still possible) the deficits.
On a weekly study. It sure looks like a long overdue head and shoulder formation targeting sub 105.
Good luck and lets see where this chop chop market brings us.

Caribbean! Rafe... 00:24 GMT July 20, 2004 Reply   
getting a weak long ranging on my rader for dlr/yen let's hope it continues like that.

Caribbean! Rafe... 00:15 GMT July 20, 2004 Reply   
BC// Good Morning and Good Trades to you.

shanghai bc 00:14 GMT July 20, 2004 Reply   

NOODS -- Good morning..Good trades..

shanghai bc 00:09 GMT July 20, 2004 Reply   

NY --Good morning..Short-term,I am betting on 110-105 range for some weeks..Shor-term,selling around 110 each time may be a good bet..Medium-term,some weeks and months down the road,do not expect Usd/Jpy will stay below 110 for long and buying anything below 110 may be a good bet for medium-term..Slowing US and China and rising Oil prices are hardly the recipe for strong Nikkei and strong yen..Good trades.

syd 00:03 GMT July 20, 2004 Reply   
UK June House Prices Slow Sharply On Rate Hikes
seems they are working for now

Spr Noods 00:03 GMT July 20, 2004 Reply   
Thanks BC, my own thots however is that there are plenty of bonds stuff this week which will keep Europe and UK in demand

anyway Greenspan is a non-event to me


 




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