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Forex Forum Archive for 08/04/2004

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LAX-LGB SNP 23:56 GMT August 4, 2004 Reply   
terror fears but EURUSD cannot close above weekly 50 sma ?
GBPJPY still below old weekly TL
AUDUSD testing old resistance @ 0.7048-0.7072 ... mid 0.69 looms closer

p.s.
GEP i'd send Noods a wine voucher or soccer tkts + a 50 note for her fav malaysian cop ;-)

Spr Noods 23:56 GMT August 4, 2004 Reply   
latte please

early excitement fizzling out
might join on your Euro levels....

Syd 23:51 GMT August 4, 2004 Reply   
EUR/USD may rise to 1.2100 as pair's overnight resilience prompts non-Japan speculators to unwind short positions, says Japan brokerage trader; "there's a growing sense that it's no use testing the euro's downside further" after pair's bounce back from slide below 1.20 overnight. Pegs EUR/USD in 1.2030-1.2100 range. Tips EUR/JPY in 133.50-134.50 band, though may break above range rise if Nikkei falls below yesterday's low.
reuters.

Dallas GEP 23:27 GMT August 4, 2004 Reply   
OK I am placing two orders in A sell EUR/USD @ 1.2070 with TP AT 1.2045 and a BUY usd/cad @ 1.3135 and TP @ 1.3165

Beijing Laowen 23:19 GMT August 4, 2004 Reply   
It is still time to sell euro against $ or to buy $ against chf.

Dallas GEP 23:05 GMT August 4, 2004 Reply   
Well NL, actually blackjack from a percentage standpoint can be won more often than not if you do the things you are suppose to do; currency you can be technically PERFECT and still lose BIGTIME.

Goes (NL) B747 23:00 GMT August 4, 2004 Reply   
Dallas GEP 22:53 GMT August 4, 2004

ok, this describes better: "it is easier to count cards than reading charts' :-)

gt

Dallas GEP 23:00 GMT August 4, 2004 Reply   
Why don't I just SHIP you a STARBUCKS Noodyg????

Goes (NL) B747 22:55 GMT August 4, 2004 Reply   
Dallas GEP 22:53 GMT August 4, 2004

right, # of seats is limited in BJ :-)


gt

Spr Noods 22:54 GMT August 4, 2004 Reply   
well R.Mas called it beautifully yesterday
I did not totally agree with the base ie 1.1950 ish
mine was more or less 65*70 so yes I was long Euros more or less when the exo trigger 1.1980 was done
I bought more when it clipped thru the 1.1995 on the tickers breakout
I also sold Dlryen 111.70 last nite for a quickie punt
for 111.30

my next game plan was to sell Euros at 1.2070 69 is apparently the high
once 46/48 goes later I would sell more
to get my day moving along
almost 7 now getting to work now ciao

Dallas GEP 22:53 GMT August 4, 2004 Reply   
NL, Yep I know what you are saying. Blackjack tho a MUCH easier game.

Goes (NL) B747 22:49 GMT August 4, 2004 Reply   
Dallas GEP 22:44 GMT August 4, 2004

pip = $1K, during hardly moving screens...:-)
it done well, than $1M over initial deposit of $200K during less than a year...many SHEIKS choose FX over blackjack!

gt

Dallas GEP 22:48 GMT August 4, 2004 Reply   
You KNOW NOODYG it is EASY to sell at the highs and BUY at the lows. you just have to know in advance what they will be!!!! To me 1.2075-1.1975 sounds reasonable but I am sure your guess is much better than mine!!! After I can't be that far off here can I????

Spr Noods 22:47 GMT August 4, 2004 Reply   
my point is really I missed a chance to kick off selling Euros
for the inevitable trip down today

at least for the next cluster of pips

its 6.47 here best get someone DownUnder to offer some for me

ciao and do get some sleep
all $ is worthless w/out health

Bahrain Within 10 Pips 22:46 GMT August 4, 2004 Reply   
Dallas GEP 22:40 GMT August 4, 2004 ///
I think I did eat there...
Most of the time I was lost..
The place is huge
Mind U I was 18 at the time...LOL
I really did like Dallas...In general...I think it has the best food in America

Dallas GEP 22:44 GMT August 4, 2004 Reply   
Of course if 1 pip was worth a 100,000 dollars I would wait as well NOODYG. LOL You know what I mean I am sure.

Spr Noods 22:43 GMT August 4, 2004 Reply   
hahaha should I?
today is to catch those lemons in the market that sells the lows buy the highs

Dallas GEP 22:40 GMT August 4, 2004 Reply   
Bahrain, Lovers Lane is moore commercial now...There is however some housing redevelopemnt going on CELEBRATION restaurant is still there. I believe you ate there before????

Dallas GEP 22:37 GMT August 4, 2004 Reply   
NO NOODYG,, I don't sleep much. I see you wanted that 1.2060 sell ODA REALLY bad????

Bahrain Within 10 Pips 22:36 GMT August 4, 2004 Reply   
How is lovers lane...Dallas?
Use to live there 1980
Nice place... :)

Dallas GEP 22:35 GMT August 4, 2004 Reply   
OK the question I asked earlier about the CROWNING effect relates to DAILY chart guys. (price action). What could that indicate????

Bahrain Within 10 Pips 22:34 GMT August 4, 2004 Reply   
That's right..same goes to the euro right now

Spr Noods 22:33 GMT August 4, 2004 Reply   
dont u ever sleep GEP?
just saw I missed a sell oda on Euro 1 pip away
;-(

Dallas GEP 22:31 GMT August 4, 2004 Reply   
THX Bahrain So in effect IF the current market price is NOT at your model's entry price THEN you wait to enter a possie until it is?????

Bahrain Within 10 Pips 22:27 GMT August 4, 2004 Reply   
Dallas GEP 22:24 GMT August 4, 2004
But the ONLY choive you have RIGHT now for example BAHRAIN would be to either LONG or SHORT from .7053(bid) which is current price. So based on your chart WHERE should TP and STOP be??????

//
The other choice is to wait...
U have the choice not to buy...
I don't use stops...sorry dallas

Dallas GEP 22:26 GMT August 4, 2004 Reply   
BTW guys on EUR/USD 30 minute chart we have a CROWNING effect, WHAT has been you understanding of EXACTLY what that might indicate to us????

Spr Noods 22:25 GMT August 4, 2004 Reply   
Syd smack 21:13 GMT August 4, 2004
Hi People,
What site do people use to review overnight fx data and news? I am looking at reasons for the sharp move o'nite


FX is not about hindsight
its really responding ahead
example the host of self-denial to the terror rumours here is really amazing whether its a fact or rumor look at charts first time u have to join the bandwagon

for FX vendors even us at banks reckon that MNI and IFR are the best at the moment
not to say we stick to them like glue
MCM for example used to be good now great for contrarian trading haha would say IDEA is more rationalizing and not helpful for a pips searcher 4Cast is ocassionally OK
have not looked at G7Forex that hard to comment

give MNI and IFR a try it might help


like I said 1.2060 on Euros perfect for Thursday

Bahrain Within 10 Pips 22:25 GMT August 4, 2004 Reply   
Dallas GEP 22:21 GMT August 4, 2004
OK by the the term COVER you mean TAKE PROFIT????//
Yes...
if it does slowly toward the cover..then better to take more..cause it will correct back down if it reached fast ---> You covered cause it's not worth asking for more pips...Unless it did it slow enough...by that time ---> the next hours cover

Dallas GEP 22:24 GMT August 4, 2004 Reply   
But the ONLY choive you have RIGHT now for example BAHRAIN would be to either LONG or SHORT from .7053(bid) which is current price. So based on your chart WHERE should TP and STOP be??????

Dallas GEP 22:21 GMT August 4, 2004 Reply   
OK by the the term COVER you mean TAKE PROFIT?????

Bahrain Within 10 Pips 22:19 GMT August 4, 2004 Reply   
Wed-Aug-04 07:00 PM 0.7172 0.6979 0.7116 0.7036
Long it at .6979 at Wed-Aug-04 07:00 PM...if u did then use .7036 as a cover...change the cover as time goes buy...it hits...then start all over again with futher times/date...do the same operation
as U can see the cover price gets higher for times after that...use those as time does...it hits...wait for it to hit the price at any time you're in...use the that same hours cover...change it as time goes by....etc

wisconsin tim 22:18 GMT August 4, 2004 Reply   
Wed-Aug-04 06:00 PM 0.7170 0.6977 0.7113 0.7034

candidate for a long to .7113 cover below .7034

i think ...

Dallas GEP 22:12 GMT August 4, 2004 Reply   
Wed-Aug-04 05:00 PM 0.7169 0.6975 0.7112 0.7032
Wed-Aug-04 06:00 PM 0.7170 0.6977 0.7113 0.7034
Wed-Aug-04 07:00 PM 0.7172 0.6979 0.7116 0.7036
Wed-Aug-04 08:00 PM 0.7175 0.6982 0.7118 0.7038
Wed-Aug-04 09:00 PM 0.7177 0.6984 0.7120 0.7041

Ok Bahrain. So it is NOW 6:00 PM Eastern Standard Time and the column above that is appropriate is"

Wed-Aug-04 06:00 PM 0.7170 0.6977 0.7113 0.7034

Current price on Aussie is .7047: so WHAT EXACTLY is EACH one of the colums for in the above example and you model is predicting I suppose that the AUSSIE will be longing in price????


Bahrain Within 10 Pips 22:11 GMT August 4, 2004 Reply   
I am Not a clever Guy...Just observent!!

Bahrain Within 10 Pips 22:01 GMT August 4, 2004 Reply   
I Know it seems funny...to buy it at the current rate friday...it just because the model considers the speed that it goes down or up by...goes down fast...then yes...we don't know that

Bahrain Within 10 Pips 21:57 GMT August 4, 2004 Reply   
Brooklyn mhi 21:46 GMT August 4, 2004 //
I think U know what I am trying to say

Bahrain Within 10 Pips 21:55 GMT August 4, 2004 Reply   
wisconsin tim 21:51 GMT August 4, 2004
bahrain ... the link aren't working on your index page or is it just me

///
I am not sure why this happening to some
I'll try to fix it
Try
http://www.geocities.com/kalzayani/AUDUSD.htm

wisconsin tim 21:51 GMT August 4, 2004 Reply   
bahrain ... the link aren't working on your index page or is it just me

Ldln 21:51 GMT August 4, 2004 Reply   
Reuters
FOREX-Dollar pares gains vs euro on security, jobs fears


LINK

Bahrain Within 10 Pips 21:51 GMT August 4, 2004 Reply   
Brooklyn mhi 21:46 GMT August 4, 2004
Just to get it Clear Column 1,3 r for short entry and 2,4 for long enrty///
Right...but with time / Levels in the future...
Like Now I would not long Aussie...I would at
Fri-Aug-06 10:00 AM 0.7396 0.7054 0.7292 0.7159
Fri-Aug-06 11:00 AM 0.7405 0.7062 0.7299 0.7167
Fri-Aug-06 12:00 PM 0.7412 0.7069 0.7307 0.7174

For this level

Bahrain Within 10 Pips 21:48 GMT August 4, 2004 Reply   
Dallas GEP :
I think U know what I mean...right?
Maybe it's the technical english i am using..
if U would please...
and I will post it in the web page for everyone
Thanks

Brooklyn mhi 21:46 GMT August 4, 2004 Reply   
Just to get it Clear Column 1,3 r for short entry and 2,4 for long enrty

OilTown Alberta mike 21:44 GMT August 4, 2004 Reply   
: (

Brooklyn mhi 21:43 GMT August 4, 2004 Reply   
Dallas GEP Just an observation aud/usd hourly tapping the 200 EMA, your opinion please. Give a look @ weekly chart too TIA

Bahrain Within 10 Pips 21:42 GMT August 4, 2004 Reply   
Brooklyn mhi 21:34 GMT August 4, 2004
AUD/USD Data How do I relate this info to market trading
Wed-Aug-04 05:00 PM 0.7169 0.6975 0.7112 0.7032
Wed-Aug-04 06:00 PM 0.7170 0.6977 0.7113 0.7034
Wed-Aug-04 07:00 PM 0.7172 0.6979 0.7116 0.7036
Wed-Aug-04 08:00 PM 0.7175 0.6982 0.7118 0.7038
Wed-Aug-04 09:00 PM 0.7177 0.6984 0.7120 0.7041

if it was .6979 now...U would buy and set a cover at .7036 say
Time goes buy...Next levels are higher then this entry...U are safe...For the entry
To make an effient exit...Time goes by and U keep changing the cover with the time it's in...if it goes up fast...U are covered and reenter...and repeat...the Operation

Brooklyn mhi 21:41 GMT August 4, 2004 Reply   
Dallas GEP 21:40 GMT August 4, 2004
You could'nt have it put better ;-)

Dallas GEP 21:40 GMT August 4, 2004 Reply   
Bahrain.....I don't think most people know how to use that data you have kindly provided...can you give them an example maybe based on the data points that are coming up in ASIA on the EURO for example??? I know this is not really market related but we are slow right now it seems.. THX

Bahrain Within 10 Pips 21:36 GMT August 4, 2004 Reply   
9/30/1993 5:00:00 PM;1.3282;1.3425;1.2980;1.3200
This is monthly...some one year back
it Opened at around the same figure for this month
I do not see why is would not be a buy around the same Low
Cad

Brooklyn mhi 21:34 GMT August 4, 2004 Reply   
AUD/USD Data How do I relate this info to market trading
Wed-Aug-04 05:00 PM 0.7169 0.6975 0.7112 0.7032
Wed-Aug-04 06:00 PM 0.7170 0.6977 0.7113 0.7034
Wed-Aug-04 07:00 PM 0.7172 0.6979 0.7116 0.7036
Wed-Aug-04 08:00 PM 0.7175 0.6982 0.7118 0.7038
Wed-Aug-04 09:00 PM 0.7177 0.6984 0.7120 0.7041

OilTown Alberta mike 21:33 GMT August 4, 2004 Reply   
I hope you all made good money on sell oil today!
I love makeing money so easy.

----btw: o.p.e.c. says "its increasing mb/d, and now Yukos is back up and running" I would not suggest buying oil for while (and hold on to your sells for a day or so). the sudis came to bat for Bush today big time, by opening yet another oil feild.----

Any way, i feel the $ IS STORNG TONIGHT. I was wondering if, anyone of you nice good hearted poeple would advise me on a pacific rim Currency, to pit the dollar aganst for maxim profit, in a 4 hour time spand.

i think CHF is a good, but I am just noobie, whos work in the oil patch! (i really only tradeUSD/CAD, gold & oil.)

thanks

Bahrain Within 10 Pips 21:31 GMT August 4, 2004 Reply   
MHI...(NY)


SA:
from the Excel sheet...it should be around 1.2130 from here

SA Pat 21:31 GMT August 4, 2004 Reply   
Bahrain//within 10 pips
aswell as based on the spot rate for eur/usd

SA Pat 21:28 GMT August 4, 2004 Reply   
Bahrain//within 10 pips
Based on your analysis what would your forecast be for
Thurs-Aug-05 07:00am.


Brooklyn mhi 21:28 GMT August 4, 2004 Reply   
Bahrain Within 10 Pips
what timezone r u using?

Bahrain Within 10 Pips 21:24 GMT August 4, 2004 Reply   
Cad have been cooking
Hist
7/22/2004 5:00:00 PM;1.3169;1.3230;1.3161;1.3209
7/21/2004 5:00:00 PM;1.3210;1.3255;1.3120;1.3169
7/20/2004 5:00:00 PM;1.3134;1.3268;1.3121;1.3210
Maybe Order at 1.3100 to be on the safe side
U will make a figure or at least 70 pips

CA Clouy 21:24 GMT August 4, 2004 Reply   
Tallinn viies 20:50 GMT August 4, 2004
CA Clouy 19:27 GMT - short yes, for second week pal

viies, what's ur target, then? It seemed eur is congested around .2050 again. Also do u think .2090~.2110 will be breached if tomorrow's US jobless claims data is not good? TIA.
GL & GT

Goes (NL) B747 21:22 GMT August 4, 2004 Reply   
good evening,

what are the chances for USD/JPY @ 110.70 during Asean session??

tia & gt

Bahrain Within 10 Pips 21:19 GMT August 4, 2004 Reply   
In that case...it was if Longed
Corr:
In that case...it "Not" was if Longed
Sorry about that

Brooklyn mhi 21:16 GMT August 4, 2004 Reply   
Syd smack 21:13 GMT August 4, 2004
Not sure what your ? is. But charts and the forum and newz, Chart and newz you should be able to get from one of jay's sponsors. and the forum use the archive and search

Bahrain Within 10 Pips 21:15 GMT August 4, 2004 Reply   
SA Pat 21:05 GMT August 4, 2004
Bahrain//within 10 pips

Im very new and trying to learn the ropes, a quick explanation of your spread sheet would be most appreciative.

eg. EUR/USD

NY Time Short Long Short_C Long _C
Wed-Aug-04 09:00 1.2283 1.2077 1.2223 1.2136
///
Short Long ...are Possible with the times they are in...
If would...if the euro at that time was there...You could have longed or shorted...But..if U were to long U have to see if the next prices...(Long) Column or to your favour...Meaning will not have the possibilty that it will...
In that case...it was if Longed...the cover "C"..is the same but if have gone into Position...Have to cover there then reorder with Long...or short
Sort of tells what could wrong before it happens... :)

Syd smack 21:13 GMT August 4, 2004 Reply   
Hi People,
What site do people use to review overnight fx data and news? I am looking at reasons for the sharp move o'nite

SA Pat 21:05 GMT August 4, 2004 Reply   
Bahrain//within 10 pips

Im very new and trying to learn the ropes, a quick explanation of your spread sheet would be most appreciative.

eg. EUR/USD

NY Time Short Long Short_C Long _C
Wed-Aug-04 09:00 1.2283 1.2077 1.2223 1.2136

Bahrain Within 10 Pips 21:04 GMT August 4, 2004 Reply   
What AI Does...is Just That!!...LOL

Bahrain Within 10 Pips 21:02 GMT August 4, 2004 Reply   
One more dow Histrical
18-Dec-03 10141.41 10278.82 10117.78 10248.08
17-Dec-03 10128.75 10186.67 10040.08 10145.26
Long time ago

Bahrain Within 10 Pips 20:51 GMT August 4, 2004 Reply   
quito_ecuador_valdez 20:30 GMT August 4, 2004 ///
Amigo...
Are U convinced?

Tallinn viies 20:50 GMT August 4, 2004 Reply   
CA Clouy 19:27 GMT - short yes, for second week pal

Bahrain Within 10 Pips 20:46 GMT August 4, 2004 Reply   
Bahrain Within 10 Pips 20:34 GMT August 4, 2004
Jim...what do U say?
///
Comments...Really..Not about the page...but about the last few posts I did.

Bahrain Within 10 Pips 20:45 GMT August 4, 2004 Reply   
I Know I am Talking "S" Here...
I think when the forum uses this...it will be less abusive
It's Simple...we complicate it!!!
It's our Job

Bruxville Jim 20:43 GMT August 4, 2004 Reply   
Bahrain // What exactly in my post is unclear to you?

Bahrain Within 10 Pips 20:42 GMT August 4, 2004 Reply   
http://finance.yahoo.com/q?s=%5Edji
Dow maybe
3-Aug-04 10178.27 10228.49 10064.57 10120.24
2-Aug-04 10138.45 10224.29 10063.75 10179.16
30-Jul-04 10129.12 10194.13 10045.76 10139.71

Or

27-May-04 10109.89 10267.66 10106.13 10205.2
26-May-04 10116.84 10175.75 10034.16 10109.89

Bahrain Within 10 Pips 20:34 GMT August 4, 2004 Reply   
Jim...what do U say?

Bahrain Within 10 Pips 20:33 GMT August 4, 2004 Reply   
8/2/2004 5:00:00 PM;110.70;111.14;110.44;110.54
8/1/2004 5:00:00 PM;111.02;111.39;110.60;110.70
Yen?
This slightly better then someone playing with chart all day

quito_ecuador_valdez 20:30 GMT August 4, 2004 Reply   
Gold coast Martin// Was at late lunch w/client..twi martonies. Thanks, I did read ur post before when U posted it actually, noted duly on big chart on my wall with your name on it. Just getting a varied point of view from other posters as well since there seems to be a 180 degree varience here (as usual on the forum). My many years old style of "wall charts" keeps the big picture in scope w/o taking up screen space. TKS, GT amigo.

Bahrain Within 10 Pips 20:30 GMT August 4, 2004 Reply   
Maybe
Wed will be similar to
7/29/2004 5:00:00 PM;1.2044;1.2118;1.2003;1.2023

Bruxville Jim 20:28 GMT August 4, 2004 Reply   
Bahrain, a continuous model might use a 5-day week as well, I guess. Well, if it decreases the model's explanatory power, then current version is ok... Good luck;)

Bahrain Within 10 Pips 20:28 GMT August 4, 2004 Reply   
Small Idea to trade...
If the euro closed/Open at a certain price...
Look Up A histrical Date with the same charcteristics

for today
I used ...check the 27th and 28th...Looks Familair?

7/29/2004 5:00:00 PM;1.2044;1.2118;1.2003;1.2023
7/28/2004 5:00:00 PM;1.2053;1.2095;1.1993;1.2044
7/27/2004 5:00:00 PM;1.2055;1.2077;1.2000;1.2053
7/26/2004 5:00:00 PM;1.2139;1.2188;1.2038;1.2055
7/25/2004 5:00:00 PM;1.2103;1.2170;1.2090;1.2139

Bahrain Within 10 Pips 20:25 GMT August 4, 2004 Reply   
Accuarcy Was not so great with Chf...
Sometimes the accuarcy is better if used the the time to buy (Highest or Lowest Relative point)
Ie...Euro for today (Had 1.2002...But time was good)

Bahrain Within 10 Pips 20:16 GMT August 4, 2004 Reply   
Bruxville Jim 20:13 GMT August 4, 2004
Bahrain // I still don't get it - why is there such activity during Sat and Sun?

///
Contious Model..Remmber Jim!!

Bahrain Within 10 Pips 20:15 GMT August 4, 2004 Reply   
Bruxville Jim 20:09 GMT August 4, 2004
Bahrain // Those hyperlinks are targeted to files on viewer's HDD...
///
50 Hits today...
Not sure what U Mean..
Maybe cause I created them in Excel
OK
I will FTP an Excel file..Zipped
If Worried Just email it to Yourself...I think Can do this from the web page


Bruxville Jim 20:13 GMT August 4, 2004 Reply   
While it is certainly useful over Mon-Fri...

Bruxville Jim 20:13 GMT August 4, 2004 Reply   
Bahrain // I still don't get it - why is there such activity during Sat and Sun?

SA Pat 20:10 GMT August 4, 2004 Reply   
Bahrain 10 pips

Yea...its working now...must have taken some work

Bruxville Jim 20:09 GMT August 4, 2004 Reply   
Bahrain // Those hyperlinks are targeted to files on viewer's HDD...

SA Pat 20:06 GMT August 4, 2004 Reply   
Bahrain 10 pips

there seems to be problem with the hyperlinks

Bahrain Within 10 Pips 20:06 GMT August 4, 2004 Reply   
Try This
http://www.geocities.com/kalzayani/EURUSD.htm

Bahrain Within 10 Pips 20:05 GMT August 4, 2004 Reply   
if You copy the page into Excel..to chart it
Use (data, Text to column...then use space)..
cover the data then click chart

Brooklyn mhi 20:03 GMT August 4, 2004 Reply   
Nice and neat but i tries accessing a pair and could'nt get the data

Bahrain Within 10 Pips 20:01 GMT August 4, 2004 Reply   
Last Friday's data...not bad for almost a week...(Accuracy )

Bahrain Within 10 Pips 19:53 GMT August 4, 2004 Reply   
Hi Guys
What do u guys think of this page thus far...
http://www.geocities.com/kalzayani/index.htm

Bruxville Jim 19:47 GMT August 4, 2004 Reply   
GEP// No offence. Many thanks for your valuable posts.

houston st 19:47 GMT August 4, 2004 Reply   
Brooklyn mhi 19:39 GMT -- we were way overdue for a pullback...the techies are saying around $42.25 then back up but my gut says lower first...$42 oil is still pretty high, but we'll just have to wait and see where they take it...good trades.

Bruxville Jim 19:46 GMT August 4, 2004 Reply   
Brooklyn mhi// GEP promised to come back in a while - most probably after a couple of hours snooze:) Most people waste around 1/3 of their lives sleeping - why should GEP do so?:D

Brooklyn mhi 19:40 GMT August 4, 2004 Reply   
Dallas GEP 19:32 GMT August 4, 2004
Do you ever sleep? think youve been here last 18-20 hours Good Luck

Brooklyn mhi 19:39 GMT August 4, 2004 Reply   
houston st 19:37 GMT August 4, 2004
TY Just finisher seeing reuters round up from 17:gmt got the feeling that pullback immenant. Is that your opinon too.

houston st 19:37 GMT August 4, 2004 Reply   
Brooklyn mhi 19:31 GMT -- those are the front three months contracts in each product, and whether they were up or down...in all three they were the Sep04, Oct04 and Nov04 contracts....you can see by the numbers they were each down considerably, with unleaded getting beat up the most....100 points equals 1 cent...here are the final settlement numbers from the NYMEX...hope this helped you...

Sep04 $42.83 (-1.32)
Oct04 $42.30 (-1.36)
Nov04 $41.84 (-1.30)

heating oil: -259/-266/-266
unleaded: -832/-692/-525
nat gas: -155/-155/-130

Dallas GEP 19:32 GMT August 4, 2004 Reply   
Tired or waiting on EUR/JPY SHORTS closed at 133.90 for +22. Will come back later

Brooklyn mhi 19:31 GMT August 4, 2004 Reply   
houston st 18:06 GMT August 4, 2004
NYMEX crude/products @ 18:06 gmt:

Sep04 $43.18 -.97
Oct04 $42.62 -.98
Nov04 $42.15 -.99

heating oil: -175/-190/-170
unleaded: -696/-577/-450
nat gas: -151/-158/-138

I am ignorant in this whold market if you can just decifer the last three lines. (r they future from wht month etc. tia

CA Clouy 19:27 GMT August 4, 2004 Reply   
Tallinn viies 19:25 GMT

Viies, r u in eur/usd short possie now? TIA

Tallinn viies 19:25 GMT August 4, 2004 Reply   
houston st 18:54 GMT - thnks a lot.
still selling euros. of course would be much more happy if we could get close under 1,2030/35.
gt

Mtl JP 19:22 GMT August 4, 2004 Reply   
GEP / merci beaucoup (or as my anglo buddies say: mercy buckets)

Dallas GEP 19:19 GMT August 4, 2004 Reply   
JP, already responded to that:

Dallas GEP 21:14 GMT August 3, 2004
The targets on the GBP/USD short is 1.8115 (+30) and the target on the USD/CAD longs is 1.3210 (+35 on average).

Reversal signs are different for each trader. They are based on MA., fib points, candle patterns , and combinations of charting indicators. The Most useful I beleive to be MACD, STOCHS. and BOLLINGER BANDS. When ALL three of those confirm a direction, THAT to me is a reversal sign if candle pattren supports it

Oakland daimyo 19:10 GMT August 4, 2004 Reply   
quito_ecuador_valdez 17:46 GMT August 4, 2004

I have been quiet lately. Just pip-picking in this environment. Stick to the ranges as many large operators are on vacation in August. However, 100 pip swings are tradeable for the nimble. Move fast and book profits when you see them (limit out instead of being greedy for more). Dealers are looking to churn and burn until the real money players come back. If you are considering position trades, I would scale in very slowly. Actually, I do not recommend position trades until October. If you cannot wait that long (like me) stick to quick-hit raids. If we get a true runner, you will be in it and if not you will stop out w/ minimum loss and fight to live another day. In this environment, (shark feeding) you must be prepared to trade both sides of the market and to follow the current flow. In other words, do not be married to any set agenda. Book some lunch money now, shrimp and lobster in the 4th qtr. EUR/USD wants to move lower but I believe dealer order books are heavily skewed to this side, so short squeeze could be on the cards first. If we get lucky, we will be able to sell this pair from a much better price. Be patient, range trade strats are profitable, breakout trades are fools gold.

Mtl JP 19:09 GMT August 4, 2004 Reply   
Did I miss your reply or u my Mtl JP 20:51 GMT August 3, 2004
GEP, am interested in your "reversal sign".. what sign was that plz ? tia

tia !

Dallas GEP 19:00 GMT August 4, 2004 Reply   
Closed GBP/JPY shorts for +30....you know market is slowing down when that pair is NOT constantly moving.

houston st 18:54 GMT August 4, 2004 Reply   
Tallinn viies 18:49 GMT -- I think it's a much needed correction...long overdue imho....techs looking for correction back to $42.25 or so and then had back up....$45.70 was their target for sept04 contract, so we'll just have to wait and see if the funds can drive it back there...what are you doing on the eur/usd today?
good trades.

Dallas DH 18:52 GMT August 4, 2004 Reply   
GBPUSD just might trend lower (1.81 land) again pre ECB / BOE rate decisions but even then may provide short spark and resume tight ranging until Friday's us employment data.

Under 200,000 jobs added and usd/jpy will dip bigtime!

Big day for US market wise and political.

GOLD COAST MARTIN 18:50 GMT August 4, 2004 Reply   
Gold Coast martin 19:41 GMT July 27, 2004
QUITO VALDEZ....The breach of the 3 year support line will accelarate euros fall to 119 in the short term(if you read my previous posts 30th of july to be precise).After that date the downward bias will still remain but the level of downward accelaration will change..have been working on quantifying this accelaration since begginning of july..If you are an intraday trader there will be pips to be made short term when euro reached 119 as it will rally to 12060 briefly..If you are a position trader trader however,re-discovering the 3 year support line for a euro uptrend is not even on the radar screen at the moment..to be more precise,talking from my own long term position of 6 months ago i have the euro at 110 or parity by the 30th of december...it has more to do with US growing economic fundamentals rather than technicals.. g/t

QUITO VALDEZ...The above post from the archives,i hope answers your question on the relevance of the 3 year trendline and the future direction of the euro for position traders like you...g/t

Tallinn viies 18:49 GMT August 4, 2004 Reply   
houston st - is it real or just correction?

Tallinn viies 18:47 GMT August 4, 2004 Reply   
brent crude down 1,2 dollars from day highs

ny amc 18:45 GMT August 4, 2004 Reply   
houston>>>>>> you got mail

Dallas DH 18:41 GMT August 4, 2004 Reply   
Short post gbpusd with fresh troops ready for support action around 1.8280.

quito_ecuador_valdez 18:22 GMT August 4, 2004 Reply   
Biscuit Boy, what's your take on my questions below (GMT18:02 & 17:46)? Again, not wanting www forum debate, just need your valued opinion.

Dallas GEP 18:19 GMT August 4, 2004 Reply   
Well Clou based on 1 lot yes but lot sizes considerably larger than THAT!!! LOL

CA Clouy 18:11 GMT August 4, 2004 Reply   
Dallas GEP 18:06 GMT August 4, 2004
Clouy, don't be worried about be being stopped out on that one possie...I made that up in about 30 minutes...no biggie. Well I would say 1.2070 to 1.1970 range for now RE: euro

$400 in 30 mins. that's a magic.

thx u for the range info. i'll hold the position then.

GL & GT

quito_ecuador_valdez 18:07 GMT August 4, 2004 Reply   
I personally don't want to debate GEP, Biscuit nor farmacia's inputs on my question, just want their ops. TIA

houston st 18:06 GMT August 4, 2004 Reply   
NYMEX crude/products @ 18:06 gmt:

Sep04 $43.18 -.97
Oct04 $42.62 -.98
Nov04 $42.15 -.99

heating oil: -175/-190/-170
unleaded: -696/-577/-450
nat gas: -151/-158/-138

Dallas GEP 18:06 GMT August 4, 2004 Reply   
Clouy, don't be worried about be being stopped out on that one possie...I made that up in about 30 minutes...no biggie. Well I would say 1.2070 to 1.1970 range for now RE: euro

prague viktor 18:04 GMT August 4, 2004 Reply   
quito_ecuador_valdez:Hi Amigo,i heard that a few cbs from the EU are helping him from the level 1,195-1,2...and with a bad NFB on fridayabout 70k as i heard and with oil new high so it will take a lot of work to go to the 1,17 level IMO

Va Raven 18:04 GMT August 4, 2004 Reply   
Snow: don't think terror threat would hurt US dollar.
Boy, he is really interested in a "strong dollar" policy now.....

london phil 18:04 GMT August 4, 2004 Reply   
moscow has cut a deal with yukos allowing them to keep pumping oil just said on cnbc oil off its highs should help the yen

quito_ecuador_valdez 18:02 GMT August 4, 2004 Reply   
GEP// What factors would you say are the biggest contributers to a downward pointing EUR/USD chart...and would you say the USD is going for more octane across the board or the EUR is about to blow it's head gasket?

Sydney Alimin 18:01 GMT August 4, 2004 Reply   
keep selling the euro on any rallies, still cant go through 1.2070, let alone 1.2090 and we are making new low today...i'll call the day now...see you guys tomorrow

Gondomar fxbasilio 18:01 GMT August 4, 2004 Reply   
Dallas GEP you said 1.10/1.12 in two months! i wrote this here on 31th july...thats my personal opinion:


Gondomar fxbasilio 00:15 GMT July 31, 2004

A reading that I make of some indicators is the following one (to a period around the 100 days):

- EUR/USD - they do not remain you doubt. Cross goes to break the 1.2000. I place as targets following the 1,1680 and case this value aguente then we will not go to walk in direcção to the 1,1480! It will be that the Bin Laden studied AT and uses to advantage to launch the panic in the Europe? (thus the analysts technician cannot complain of it)

- USD/JPY - one cross to go up. We are next to the 113,80 that without a doubt it will be the hardened wall of breaking. If brokes (as I wait) comes of followed the 115,80....impossible be in October in the house of 119.xx? (curious it is the Aroon indicator not to be to the side of this forecast.... ). Passing the 113,80 bulls will have the free land to go up.

- GBP/USD - cross that together in carrocel of the descending with eur/usd. We will go to reach the 1,7550 as first support, that to be broken will go it to shoot for the 1.7140. If of fact to break this value then leaves to have next net and the house of 1.65xx could be reached.

- AUD/USD - of fact who to fight against dolar in the next times must exactly lose. Plus a case he will be aud/usd. I see as values to reach the 0,6820 proximamente, later the strong barrier of the 0.6740. Breaking the 0,6740 it will go to be with the next well moved away support in the 0.6240. It will go to reach this value? It was a tremendous simplist analysis and with awful aspect? Somebody wants to comment?

fxmoney.net


CA Clouy 18:00 GMT August 4, 2004 Reply   
GEP. sorry to know that u were stop out at previous eur short. May I plz know ur view on this pair in short term? TIA

Va Raven 17:59 GMT August 4, 2004 Reply   
Feel like this market is doing the rehearsal for the show on Friday. So if wrong on Friday, that's your fault. Today or tomorrow, you can still blame the market.
We need a pullback in oil and a possitive dow plus a soft gold, then as long as the forum members here didn't visit the unemployment office last month, we should have a good run in dollar on Friday.

Dallas GEP 17:55 GMT August 4, 2004 Reply   
Well, I would say EURO's hewaded for 1.10-1.12 area in LESS than 2 months

quito_ecuador_valdez 17:51 GMT August 4, 2004 Reply   
I think what I'm asking, do you fellas think that support trend line worth a diddly-doo at this point?

quito_ecuador_valdez 17:46 GMT August 4, 2004 Reply   
GEP, Biscuit, farmacia//
Looking on the EUR/USD chart at a support trend line starting 10-18-2002ish to present..we're right on that now. What trend value do you see for position traders like me in this trend line or R U of the "due for a trend change" camp? TIA, tks for your posts!!

Dallas GEP 17:41 GMT August 4, 2004 Reply   
Closed usd/cad longs at 1.3160 for +25. EUR/JPY and GBP/JPY shorts still working

CA Clouy 17:36 GMT August 4, 2004 Reply   
[EUR/USD]: A European bank out of New York and a US investment house were among the sellers from the 1.2069 highs. We will refrain from turning overly bullish until a clear break above the 1.2080/1.2100 area. In fact, many in this market see today's move as little more than an attempt to catch the market short, with specs fixed on the 1.1980 and 1.1950 option plays. Meanwhile, Treasury Sec Snow remains upbeat on the US economy, saying July consumer numbers are much better after the soft patch of June.

Dallas GEP 17:33 GMT August 4, 2004 Reply   
Not sure what you are looking for Cumino but maybe this will help:

http://www.lib.vt.edu/research/libinst/instruction/hist-uk-us-periodls-mf17.pdf

Bruxville Jim 17:29 GMT August 4, 2004 Reply   
Interesting comment from a trader:

Economists at HSBC say non-mfg ISM shows no jobs but booming growth! They say the index had "something for everyone" with the employment index having "MASSIVE downside risk for Friday`s payrolls something like 0K to 50K!"

Dallas GEP 17:28 GMT August 4, 2004 Reply   
USA TODAY is KING with 2,000,000+ daily circulation

pd cumino 17:28 GMT August 4, 2004 Reply   
GEP Thank you very much. You know where are some historical data too?TIA

Dallas GEP 17:21 GMT August 4, 2004 Reply   
Cumino...here you go:

http://www.infoplease.com/ipea/A0004420.html

pd cumino 17:14 GMT August 4, 2004 Reply   
Sorry for my ignorance. There is a manner to know the daily numbers of newspapers sold every day? To say the NYT or Washington Post?TIA

HK Kevin 17:10 GMT August 4, 2004 Reply   
hk ab lazy 16:08 GMT, doesn't look like a hammer.

Dallas GEP 17:09 GMT August 4, 2004 Reply   
Jim, sometimes you get a mental idea that you don't want to run more than a 40 pip stop let's say. SO you place your stop THERE instaed of placing it above recognized ressitance levels for example. So the CLEVER thing to do would have been to place stop around 1.2085. the SMARTEST thing would have probably been just to let it stop out at it's ORIGINAL stop entry @ 1.2040 for -20 instead of -40.

Bruxville Jim 17:04 GMT August 4, 2004 Reply   
Gep, where would you have put your 'clever' stop instead? Or the clever action would have been to stay flat?

Dallas GEP 17:00 GMT August 4, 2004 Reply   
Looking back on it.,,,,that EUR/USD SHORT stop at 1.2060 was completely IGNORANT on my part earlier. Ever do something you thought was stupid and you did it anyway???? LOL Oh well. full plate of possies working....SHOULD be good day look for some consolidation NOW and possible VERY gradual pull towrds the USD's way.

Brooklyn mhi 16:58 GMT August 4, 2004 Reply   
Anyone having problems with S-A-X-O Platform

hk ab lazy 16:50 GMT August 4, 2004 Reply   
oops, I should not forget to thanks for your generous offer nt in the free class. :)

hk ab lazy 16:50 GMT August 4, 2004 Reply   
gd night all will close the "quietly" shorted eur at 1.2035 oda.

hong kong nt 16:49 GMT August 4, 2004 Reply   
AB -- FYI, in GMT, now is still 4th August...

hk ab lazy 16:48 GMT August 4, 2004 Reply   
nt// DNT 1.1950 and 1.2150 could even work this week...

hk ab lazy 16:47 GMT August 4, 2004 Reply   
nt// if aud/jpy gives me confid. to surpass that 80 a week ago, I would be more comfortable to join the high yield camp.. right now, it looks to me risky...esp. when Sept. is approaching.
Try a limit this morning on aud long but not successful today...

hong kong nt 16:43 GMT August 4, 2004 Reply   
AB -- why not join the high-yield party for a while? the trend is your friend, free to join my class?..

quito_ecuador_valdez 16:42 GMT August 4, 2004 Reply   
95% (+-) of all FX = bank FX rooms; mostly for profit just as you, secondarily exchanging c'ncys randomly for client purposes. Look to their FX rooms for these totally illogical spagetti charts w/ no logic. Every slick manipulation to take out your stops then reverse, every unpredicted illogical move, the stupid hype, that's banks. Trading rooms sometimes have connections w/ other banks' trading rooms to coordinate, having more leverage.

Dallas GEP 16:42 GMT August 4, 2004 Reply   
LONG usd/cad AGAIN @ 1.3135, looking for +30 pips

hk ab lazy 16:42 GMT August 4, 2004 Reply   
say it once again, ,eur will close NY around 1.2030.....

v. v. simple mkt dynamics.

some days later, cad/jpy will get a serious diving when oil decides to retrace.... Do japs want to buy up all oil from Canada?

Bruxville Jim 16:36 GMT August 4, 2004 Reply   
GEP, I know 204, been watching this pair for months. 200/204 range was a hot issue not too many weeks ago. But a pattern pointing to 205+ calls for levels above 203.20. A retest of 204 (or say 203.80) is on the cards. Still it might touch the 202.50 level in advance without affecting the h&s much. imho.

Athens 16:33 GMT August 4, 2004 Reply   
EUR/CHF market move also seems to agree with my 12:57 posting.

Dallas GEP 16:31 GMT August 4, 2004 Reply   
Jim,,,204.00 is a very hard level on GBP/JPY,, that level would be VERY tough to break at this time

Athens 16:29 GMT August 4, 2004 Reply   
Thanks all for the bomb info. However there has been no bomb explosion in Athens.

hk ab lazy 16:29 GMT August 4, 2004 Reply   
seem aud/jpy will enter my shooting zone soon this week...

Bruxville Jim 16:24 GMT August 4, 2004 Reply   
Thanks for your kind warnings. I didn't yet open a possie on this pair. Hourly inverse h&s (potentially targeting 205+) makes me a bit cautious to short it.

hk ab lazy 16:23 GMT August 4, 2004 Reply   
dun forget that Japs sell eur everyday recently...

melbourne farmacia 16:22 GMT August 4, 2004 Reply   
QC WC - covered gbp at 51 fwiw... goodnite all.

Ldn Cashman 16:22 GMT August 4, 2004 Reply   
Athens, there was an AP press story, talking about explosion in a town called Metamorphosi. Supposedly just small home made bomb

CA Clouy 16:20 GMT August 4, 2004 Reply   
Athens 16:16 GMT August 4, 2004
CA Clouy 15:21, where please did you read about "a bomb in Athens"? Let's be serious

Athens, i got it from the news provided by censored at 11:20 EST.

I am still holding the short position of eur/usd from .2016. Any T.A. would make me feel uncomfortable.

UAE Oil man 16:20 GMT August 4, 2004 Reply   
There was a rumour athens, there has been a dozen rumours today, everyone trying to biff up that snoozy market.

Dallas GEP 16:19 GMT August 4, 2004 Reply   
YES Jim, but careful please...it could long to 203.60 as well, 202.50 is target, lately I have been looking for +60 on gbp/jpy possies

Bruxville Jim 16:16 GMT August 4, 2004 Reply   
GEP - targeting 201.50/2.00?

Athens 16:16 GMT August 4, 2004 Reply   
CA Clouy 15:21, where please did you read about "a bomb in Athens"? Let's be serious.

Dallas GEP 16:10 GMT August 4, 2004 Reply   
IN 203.18 SHORT on gbp/jpy. WARNING!!! Most traders SHOULD NOT trade this pair. 50-60 pip stops are common and it has false breaks and doji's ALL the time VERY VERY volatile

Athens 16:10 GMT August 4, 2004 Reply   
$/CHF behaviour today: very typical of what I had discussed here in my 12:47 comment.

hk ab lazy 16:08 GMT August 4, 2004 Reply   
nice hammers on nzd daily chart.
test of GUTS.

hk ab lazy 16:03 GMT August 4, 2004 Reply   
missing 70 by 4 censored pips?

PAR 16:03 GMT August 4, 2004 Reply   
Since lowering interest rates has not helped the european economy and european employment maybe the ECB should start considering raising interest rates to give a real sign to consumers that the economy is improving and that inflation as perceived by european consumers is real.

hk ab lazy 16:03 GMT August 4, 2004 Reply   
Zorro, thanks and doing that QUIETLY seems better.

hk ab lazy 16:02 GMT August 4, 2004 Reply   
I can't deny that I am amazed with the mighty of those USD sellers at all the key levels....
v. v. amazed indeed.

EU ZORRO 15:58 GMT August 4, 2004 Reply   
hk ab lazy 15:40....i

....f you want liquidity put your sell orders @ 1,2076/8.... ;)

USA Biscuit Boy 15:55 GMT August 4, 2004 Reply   
Hi guys just saw the June personal spending shocker....wtf? Any ideas on what caused this and if it is just a one off? Realisation the price of money is heading north?

Dallas GEP 15:50 GMT August 4, 2004 Reply   
Closed usd/cad longs from 1.3135 at 1.3155 for +20

Sydney Alimin 15:49 GMT August 4, 2004 Reply   
waiting waiting and waiting 1.2090-1.2110 euro short, stop above last friday's high :)

hk ab lazy 15:40 GMT August 4, 2004 Reply   
Zorro, from now on, my sale of eur will be done QUIETLY.

hk ab lazy 15:38 GMT August 4, 2004 Reply   
mkt simple dynamics...
all the impt levels are guarded firmly by China and Asian accounts.....
Now, gold is sitll remained stable here.....
all those intraday-news-related positions will be cleaned and we will well see 1.2030 again by NY close....

Sydney Alimin 15:36 GMT August 4, 2004 Reply   
melbourne farmacia 15:31 GMT August 4, 2004

thx mate, i will check it out...

SanFrancisco tg 15:34 GMT August 4, 2004 Reply   
Thanks lazy.

melbourne farmacia 15:31 GMT August 4, 2004 Reply   
Sydney Alimin - Not news... just relates to my DJIA index model.. ( see political forum June. )....

EU ZORRO 15:31 GMT August 4, 2004 Reply   
hk ab lazy 15:25....

....wait...and rise your limit order to 1,2088....

...good level to buy now is 1,2020, but I don't see It again....

Good luck all....

Dallas GEP 15:30 GMT August 4, 2004 Reply   
YEP AB possible....that's why I reccommended taking lot sizes down if you enter at a level that MIGHT be broken above. Otherwise a more consravtive approach would be to wait for 134.50 if SEEN to enter.

PAR 15:29 GMT August 4, 2004 Reply   
Looking at Germany s and France s record unemployment European politicians should start to understand that politicians destroy jobs by their stupid regulations. What Europ needs is less politics and more private initiatif. European consumers are becoming chronically depressed and higher oil and a higher $ are not going to help.

Dallas GEP 15:28 GMT August 4, 2004 Reply   
resistance on EUR/JPY at 134.20 and THEN 134.50.

hk ab lazy 15:26 GMT August 4, 2004 Reply   
gep// dlr/jpy moves earlier than eur.... expect 134.50-135 for my short if I WANT to....

hk ab lazy 15:25 GMT August 4, 2004 Reply   
Zorro// Your favourite chaotic eur can't even reach my limit at 1.2070.......

disappointing...

Dallas GEP 15:23 GMT August 4, 2004 Reply   
Shorted eur/JPY at 134.12

hk ab lazy 15:22 GMT August 4, 2004 Reply   
Kevin// Gep mentioned that large odas were buying dlr/cad these two days...
IF big Spect short them censored these two days, they must close position at a certain point.

Just go long with Dr. Q's suggestion on dlr/cad and couldn't resist the tempt to long at 1.3137 an hr ago.

CA Clouy 15:21 GMT August 4, 2004 Reply   
Jesus...

After the plane was found between Washington and NY there is a fresh report doing the rounds of a bomb in Athens. This comes as the Olympics is just days away as while unconfirmed at present is sure to maintain a terror tinged Dollar sell off. Eur/Usd to test 1.2050 on this.

It seems hard to have a $push with numerous t.a.

HK Kevin 15:17 GMT August 4, 2004 Reply   
hk ab, any news on usd/CAD?

Sydney Alimin 15:16 GMT August 4, 2004 Reply   
melbourne farmacia 15:12 GMT August 4, 2004

why is that mate? you hear something about them want to flat the opera house down and blow the harbour bridge? i dont care about those news

melbourne farmacia 15:12 GMT August 4, 2004 Reply   
Sydney Alimin 14:53 GMT August 4, 2004
If you're concerned about terrorism.... don't leave home within the week of 16 august..

UAE Oil man 15:10 GMT August 4, 2004 Reply   
1.2070-90 should be the first short attempt with stops just a small tit above 1.2125.

The rest if food.

CA Clouy 15:07 GMT August 4, 2004 Reply   
whoooops.... I know this is wrong, but against the direction, the s/l was adjusted higher. I just couldn't understand what behind the eur/usd spike... and didn't feel the power is strong enuf to bring it break .2100 again. imvho.

hk ab lazy 15:05 GMT August 4, 2004 Reply   
tg// there's a long way to go this week....

chf nice rebound on that 50 wma as expected...

but the uptrend in daily chart is not violated yet.

Things to worry today is the key-day reversal sig. if SEEN.

Sydney Alimin 15:03 GMT August 4, 2004 Reply   
yeah, let's see the test of 1.2090 again.....what an exciting day today :)

Dallas GEP 15:02 GMT August 4, 2004 Reply   
Well stopped out on EURO..-40 pips. A loss every now and then keeps you humble so that's not all that bad really.

Melbourne Qindex 15:01 GMT August 4, 2004 Reply   
Melbourne Qindex 13:32 GMT August 1, 2004
USD/CAD (Weekly Cycle) : The critical level of my weekly cycle is located at 1.3344 - 1.3408. The key quantized level of my weekly cycle is positioning at 1.3408. Initially the market has a tendency pulling towards the key quantized level. A projected resistant point is located at 1.3472. The pattern of my weekly cycle frequency chart suggests that the market has a tendency to trade between 1.3155 - 1.3408 and the mid-point reference is 1.3283. The lower barrier is located at 1.3092 // 1.3155. The upper barrier is expected at 1.3408 // 1.3472. The market rhythm is represented by 64 pips and the weekly cycle normal trading range is 1.3092 - 1.3472 (Suggestion : Maintain a long position if the market is trading above 1.3155).


Weekly Cycle Quantized Levels

... 1.3092 // 1.3155 - 1.3219 - 1.3283 - 1.3344 - 1.3408 // 1.3472...


SanFrancisco tg 15:01 GMT August 4, 2004 Reply   
If you want to believe the NY and DC defense measures are a ploy I think you do so at your mistake. Since the claims of "bogus" political manuevers have been spat out, information has come forward of a captured Qaeda giving detail about these plans just weeks ago, and now we have yet more justification in the form of FBI noting the tracking of Qaeda cells in the NY and DC areas. Just days ago the spitting was about a lack of response to Intel, now the spitting is about too much response.

Dollar/Swiss has failed to rally this week confirming there is a tangible effect. But if if you prefer to focus on conspiracy theory go right ahead.

Dallas GEP 15:00 GMT August 4, 2004 Reply   
I took HALF my normal lot size on a LONG on usd/cad from 1.3135. This could posisbly see 1.3100 but COULD trun here. STOCH is begginning to turn up now

sarasota jf 14:59 GMT August 4, 2004 Reply   
viies - very intuitive and true

Dallas GEP 14:58 GMT August 4, 2004 Reply   
Clou sometimes, I place stops on FEELINGS I have vs. placing them on a pure technical basis. That's why I said technically your stop is better. I moved mine to 2060 as well now

Sydney Alimin 14:53 GMT August 4, 2004 Reply   
:) all sorts of news to weaken usd are used now, as nothing seems to be able to do that well....again, about terrorists' attack, they are not stupid, if they want to attack why would they announce it first or make themselves clearly visible? it is like, why would a thief tell his victim before he goes into action?

CA Clouy 14:53 GMT August 4, 2004 Reply   
Dallas GEP 14:49 GMT August 4

Thx GEP. I don't know why u set the s/l @.2055, did u consider the open @.2054 and daily high so far @.2058? TIA.

Any view on the sudden spike of eur?

GL & GT

San Diego bobl 14:52 GMT August 4, 2004 Reply   
usd/cad...taking 40 pips here on partial from post this morning

houston st 14:51 GMT August 4, 2004 Reply   
seems like lately we've had alot of fixing price action up-to and immediately after 15:00 gmt...fwiw...gl/gt.

hk ab lazy 14:50 GMT August 4, 2004 Reply   
jf// did the oda mentioned this morning excuted above 1.54 or at their wanted target? TIa.

Tallinn viies 14:50 GMT August 4, 2004 Reply   
sarasota jf 14:34 GMT - new girlfriend in Tokyo?

Cairo mdr 14:50 GMT August 4, 2004 Reply   
I can see euro recovering to 2200 before a further downmove. but in this market conditions I can't be quiet sure of anything.
gl and gt

Bgd PS 14:50 GMT August 4, 2004 Reply   
Raden

Your suggested 1.2055 may get hit soon, any other siggestion?

hk ab lazy 14:49 GMT August 4, 2004 Reply   
long chf 1.2773
long cad 1.3137
long dlr/jpy 111.30

can't imagine how nikkei will react tomorrow.

Dallas GEP 14:49 GMT August 4, 2004 Reply   
Clou....I like your SL a little better!! LOL

Dallas GEP 14:48 GMT August 4, 2004 Reply   
CLOU...already posted it....1.2055...it may get hit

Ldn 14:48 GMT August 4, 2004 Reply   
FBI: Watching Suspected Al-Qaida Operatives In NY Area




WASHINGTON (AP)--The FBI is monitoring suspected Al Qaeda operatives and members of two allied terror groups in the New York City area, the top-ranking FBI official in New York said Tuesday.

Pasquale D'Amuro, head of the New York office and a veteran terrorism investigator, said the individuals under scrutiny include people linked to al-Qaida as well as Ansar al Islam and the Egyptian Islamic Jihad, the New York Daily News reported.

He said the monitoring began long before last weekend's heightened alert was announced. While officials have said in the past that they were watching a handful of al-Qaida suspects in the country, they have not said they were in the New York metropolitan area

CA Clouy 14:44 GMT August 4, 2004 Reply   
Dallas GEP 14:34 GMT August 4, 2004
Moved my euro short stop

I'm in short eur/usd @.2016, s/l @.2060, s/p @.1990

GEP, may i plz know the new s/l? TIA.

GL & GT

UAE Oil man 14:44 GMT August 4, 2004 Reply   
Nothing exiting will happen before 1.1960 or 1.2125 are closed over/below.
As posted before.I am offcourse still biased for a $ push to the upside.

Indonesia Solo Raden Mas 14:43 GMT August 4, 2004 Reply   
Bgd PS 14:36 GMT August 4, 2004
yes friend. still not thinking for buy in eur/usd.

Ldn 14:43 GMT August 4, 2004 Reply   
EURO/USD by Max McKegg
August 2nd - Euro has sold-off well but risk now favors a corrective recovery over coming days back toward resistance around the 1.2200 level, 1.2300 max
fxnews

hk ab lazy 14:43 GMT August 4, 2004 Reply   
long half chf 1.2773.
reserve the other half for eur 1.2070.

Sydney Alimin 14:43 GMT August 4, 2004 Reply   
1.2050/60 has been crossed day in day out, nothing to worry about there....show me the real buying power if you can break 1.2090-1.2110 comfortably without silly rumours

Dallas GEP 14:42 GMT August 4, 2004 Reply   
OK stop now on euro at 1.2055. This is NOT technical guys, fundamentals at play.

hk ab lazy 14:41 GMT August 4, 2004 Reply   
Zorro, if eur should be a BUY, it should have BROKEN that LONG LONG AGO on that rumour....no?

hk ab lazy 14:40 GMT August 4, 2004 Reply   
Zorro, even your eur was helped by the "pretty" rumour, it still can't be lifted by a 100 pips on those news.......
no room to short eur.

Dayton JAM 14:40 GMT August 4, 2004 Reply   
Sarasota jf

There is no question that rumors drive markets, however, when I see a post such as the plane post, I am suspect that someone is trying to drive the markets in there direction with a false rumor (would anyone really do that) so I al looking to take a position against a rumor if that rumor actually moved the markets such as this one appeared to (I am long the Dollar as of the spike down).

Wash DC Tempus 14:40 GMT August 4, 2004 Reply   
Think this story asbt misisng plan ebetween London and Dulles has some legs....

hk ab lazy 14:40 GMT August 4, 2004 Reply   
Zorro, even your eur was helped by the "pretty" rumour, it still can't be lifted by a 100 pips on those news.......
no room to short eur.

hk ab lazy 14:40 GMT August 4, 2004 Reply   
Zorro, even your eur was helped by the "pretty" rumour, it still can't be lifted by a 100 pips on those news.......
no room to short eur.

EU ZORRO 14:37 GMT August 4, 2004 Reply   

...watch 1.2050/60 break...

hk ab lazy 14:37 GMT August 4, 2004 Reply   
put limit to short eur 1.2070.

hk ab lazy 14:37 GMT August 4, 2004 Reply   
remember to buy USD quietly.....


can't resist the tempt to long little dlr/cad 1.3137.

Bruxville Jim 14:37 GMT August 4, 2004 Reply   
ISM survey's Employment component cooled to 50.0 (from 57.4). Seems that Firday's Payrolls expectations are being downgraded now...

Dallas GEP 14:36 GMT August 4, 2004 Reply   
USD/CAD absolutely DUMPING

Bgd PS 14:36 GMT August 4, 2004 Reply   
Raden

Still good to short eur?

Ldn 14:35 GMT August 4, 2004 Reply   
MARKET TALK: ISM Points To Weaker Payrolls
ISM non-manufacturing employment index caught many by surprise at 50, its lowest reading since Sept 2003

Sydney Alimin 14:35 GMT August 4, 2004 Reply   
it is funny how all sorts of terror news and alerts are being used to help lift euro only to be sold off vigorously later on, i have heard people talk about bears are running out of time to score 1.17/1.18 but then the same scenario should work for people hoping to see a bounce above 1.22....for me personally as long as 1.2090-1.2110 area hold, it is a much better hope to see 1.18 first

sarasota jf 14:34 GMT August 4, 2004 Reply   
Dayton JAM 14:28 GMT August 4, 2004
rumors drive market - facts make you take profit
jst broke up with my gfriend in sar - am changing to tokyo jf soon gl with yr trading - ive been doing this for 13 years

Dallas GEP 14:34 GMT August 4, 2004 Reply   
Moved my euro short stop

Quebec 14:33 GMT August 4, 2004 Reply   
hk ab lazy 14:29 GMT

I bought Eur/Cad instead

Dallas GEP 14:32 GMT August 4, 2004 Reply   
That SAXXXXO news source seems to be a little suspect, that missing plane story wasn't reported on MAJORS that I am aware of.

Indonesia Solo Raden Mas 14:31 GMT August 4, 2004 Reply   
sell eur/usd now at 1.2018 stop loss 1.2055 .TP 1.1950 and cut reverse there.

hk ab lazy 14:30 GMT August 4, 2004 Reply   
thanks farmacia!!!

Sydney Alimin 14:30 GMT August 4, 2004 Reply   
EU ZORRO 14:26 GMT August 4, 2004

i only know one of them :)

hk ab lazy 14:29 GMT August 4, 2004 Reply   
sell eur "quietly"...

melbourne farmacia 14:29 GMT August 4, 2004 Reply   
hk ab lazy 14:25 GMT August 4, 2004
small off shore stuff... mainly natural gas

hk ab lazy 14:29 GMT August 4, 2004 Reply   
EU ZORRO 14:26 GMT August 4, 2004

...who bought EUROS below 1,20....????



Your curse on USD broken since we could BUY much more eur under 1.2 again....

Dayton JAM 14:28 GMT August 4, 2004 Reply   
Sarasota jf
I have been trading FX for about a year, and stocks and options for over 10 Years, I just took the MTA level 1 exam in May and passed and currently studying Elliott thoroughly as we speak with Steven Poser as a mentor as well as the Elliott certification course.

What all of this means is that I know very little and have a log way to go, but I love trading and will be doing it the rest of my life. As for profits, I have finally stopped losing money and am even making a little.

I am enjoying the posts on this site and will try to get involved as time permits.

By the way I used to live in Sarasota many years ago.

Thanks,
Jim

London Misha 14:28 GMT August 4, 2004 Reply   
Hearing from multiple sources that the Washington/London plane story has been denied...

Indonesia Solo Raden Mas 14:27 GMT August 4, 2004 Reply   
sell more gbp/usd now with stp 1.8240. I think top corection at 1.8218 only.target still 1.8147-39 or 1.8118

Dallas GEP 14:26 GMT August 4, 2004 Reply   
In now on 1.2020 short euro......Yes TIM I have.. what happens if their feed is off and they KNOW it but won't admit it.

NEWS:: censored NOW says all flights have been accounted for.

EU ZORRO 14:26 GMT August 4, 2004 Reply   

...who bought EUROS below 1,20....????

hk ab lazy 14:25 GMT August 4, 2004 Reply   
Nobody knows whether aussie or nz produce oil?

Zaporozhye, UA Nemo 14:25 GMT August 4, 2004 Reply   
Rumours about 2 bombs in Dulles, in planes that fly to London

Spr Noods 14:25 GMT August 4, 2004 Reply   
another hunch 110.85 1.2060 ciao

hk ab lazy 14:24 GMT August 4, 2004 Reply   
soon, we will see who has a bigger hand... and really, don't use the rumour to help "themselves"....
a more vigorous fight back will be seen.

am happy with that eur/chf long and the rest is left on the table.

wisconsin tim 14:22 GMT August 4, 2004 Reply   
GEP have you been having probs with your platform? I think we trade the same one.

Really weird stuff -> called and went flat on my eur/usd and eur/gbp shorts yesterday at small gains since I couldn't get in to platform.

Today I noticed my limit on short hit for +80 (good for me) and my eur/gbp was exited at small loss instead of BE then I noticed I was long at 1.2058 (bad for me) which was supposed to be my market flat order.

Have you expereinced this before and how long did it take to get resolved?

Spr Noods 14:21 GMT August 4, 2004 Reply   
cheers MNI

August 4, 2004 16:09
EURO-DOLLAR: Has lifted over $1.2000 area and is now back at the level
seen at the start of the US session despite impressive ISM data. Traders
mention totally unsubstantiated and vague talk of a possible "missing
aircraft" as behind the move which perhaps reflects ongoing market
jitters given this week's elevated terror alert in the US.

hk 14:20 GMT August 4, 2004 Reply   
ok Wash DC Tempus 13:30 you long I short from here & we'll talk again in 5 month.

Dallas GEP 14:20 GMT August 4, 2004 Reply   
OK I will short eur/usd if 1.2020 is seen with 1.2040 stop looking for 1.1980. SHORT trem signal ONLY

WASH DC Tempus 14:19 GMT August 4, 2004 Reply   
There is a rumor of a plane missing between Dulles and NYC

Spr Noods 14:17 GMT August 4, 2004 Reply   
LA ARTOFYEN 13:55 GMT August 4, 2004
Rumor flight from washingron to lodnodn missing

relax dont shoot the messenger


I did not short Dlryen on this
I dont have a temperature on the forehead last I checked too

Ldn 14:16 GMT August 4, 2004 Reply   
On China would appreciate an update from Shanghai BC , he seems to have that situation cornered

Spr Noods 14:15 GMT August 4, 2004 Reply   
its only 10 here
its early actually

Dublin Flip 14:15 GMT August 4, 2004 Reply   
Noods the thing is the "China slows" story is heavily discounted into the ozzie price but no-one seems to have told the ozzie exporters who are selling more every month and China who's growth @ 9% is not slowing in any significance. Maybe Oil price may prove to be the brake. Saying that if everyone (asia and Us) slows at the same time (given europe will just stay the same as always) then "get me some yield" could come back into vogue pretty quickly.

Sydney Alimin 14:14 GMT August 4, 2004 Reply   
whatever is happening with euro, i still trust my 1.2090-1.2120 old friend until friday, doesnt matter where we end up today at NY close we are still making new low, so that's good

sarasota jf 14:13 GMT August 4, 2004 Reply   
noods u send your husband out tonight ?

Ldn pm 14:13 GMT August 4, 2004 Reply   
Agree with you ...some v.sick people around !

sarasota jf 14:12 GMT August 4, 2004 Reply   
Dayton JAM 14:11 GMT August 4, 2004
u havent been in fx long

hk ab lazy 14:12 GMT August 4, 2004 Reply   
Noody which side are you on aud? long or short?

lnd 14:11 GMT August 4, 2004 Reply   
lets hope rumour of plane not true. whoever started such rumour should be shot -- imho.

Dayton JAM 14:11 GMT August 4, 2004 Reply   
None of the major news outlets are showing anything about a missing plane, I would disregard untill proven.

hk ab lazy 14:10 GMT August 4, 2004 Reply   
reenter eur/chf 1.5384.

Spr Noods 14:10 GMT August 4, 2004 Reply   
OZ down is simple reality China is the big news in AsiaPac
China on GDP basis is nothing but for exports and anything coined to deflation is the biggest story around

Know China 2-3 months ahead you know where the Oz will head

hk ab lazy 14:10 GMT August 4, 2004 Reply   
long dlr/jpy 111.30

hk ab lazy 14:09 GMT August 4, 2004 Reply   
viies// Looks like some "great" players are setting traps here and there.

short eur heavy into london and then exit.

Now, they want to see some meaningful stops being hit yet to reverse to the short side again.

That's why I said last night, need ot short eur "quietly'....

Spr Noods 14:07 GMT August 4, 2004 Reply   
market too short Euros
know too many short term names all short mostly from 1.2040/45 so thats a good stop level at 35

Tallinn viies 14:06 GMT August 4, 2004 Reply   
sold euros at 1,2010.
turns more nervious to if 1,2035/40 doesnt hold.

this plane rumour doesnt show on any other market. crap I think

Sydney Alimin 14:05 GMT August 4, 2004 Reply   
alrite, let's see our old and loyal friend 1.2090 do the tricks again

Dallas GEP 14:05 GMT August 4, 2004 Reply   
Took +30 on euro long and OUT

Dublin Flip 14:05 GMT August 4, 2004 Reply   
Gep I'm not one to think there is much correlation between FX and equities on a day to day basis (though the late ninties was surely an exception as the entire world stuffed it's cash into the US stock market). I'm just pointing out that people are oil up= japan economy down= nikkei down = selling yen. It's great reactionary day trade but the only ones who seem that simplistic is the NY market. It generally doesn't seem to work as neatly anywhere else (Last night an exception). Yesterday was the first day in along time that NY session sold dollars while oil went up and it didn't work -so what do I know???? -LOL

In another FX correlation BS the ozzie stock market is up 7.5% whereas Aussie is down 6.5%. At least that one is somehow understandable. Ozzie at 70c is a lot better for exporters than 80c so it's correlated but not simple.

Sydney Alimin 14:04 GMT August 4, 2004 Reply   
numbers are dollar positive, aren't they? usd being sold?

Spr Noods 14:03 GMT August 4, 2004 Reply   
loonie gal squared off her Dlr yen shorts easy pickings

Dallas GEP 14:03 GMT August 4, 2004 Reply   
OK got euro LONG from 1.1980 off buy order

Makati Obelix 14:02 GMT August 4, 2004 Reply   
64.8 ISM

Tor Pumpkin 14:02 GMT August 4, 2004 Reply   
but employment and px paid components down so dragging USD down.

bombay a 14:01 GMT August 4, 2004 Reply   
data any one ?/

Tor Pumpkin 14:01 GMT August 4, 2004 Reply   
64.8

bombay a 13:59 GMT August 4, 2004 Reply   
what was ism data ???????

Spr Noods 13:59 GMT August 4, 2004 Reply   
Euro for 1.2015 ? zzzzzzzzz

Spr Noods 13:58 GMT August 4, 2004 Reply   
Watch em Dlrs


on GVI just hot off the pan

flight from DC to London gone missing !

Sydney Alimin 13:58 GMT August 4, 2004 Reply   
hopefully we can close below 1.20 today....hope and pray :)

Sydney Alimin 13:56 GMT August 4, 2004 Reply   
let's welcome 1.18 for euro this week hopefully on friday and 1.17 next week

UAE Oil man 13:55 GMT August 4, 2004 Reply   
actually the down turn(it would be a dream scenario for some countries whats happening overthere particularly europe) in china is a heaven for japanese exporters..

Bruxville Jim 13:54 GMT August 4, 2004 Reply   
Dallas GEP 13:26 GMT // When you take the precentage volatility into account, Aussie is among the most volatile pairs in daytrading. +If one has 3 pts spread on this pair it's not that boring to trade it. Unfotunately, I guess you have 5 pts. GL anyway.

Spr Noods 13:53 GMT August 4, 2004 Reply   
Dlryen has a natural corelation to Nasdaq
However its natural wings appears clipped at this stage
Maybe just a really OILY runway at the moment?
Good night

Dallas GEP 13:52 GMT August 4, 2004 Reply   
TOOK usd/chf short out at BE...it didn't seem to be going anywhere

Dallas GEP 13:51 GMT August 4, 2004 Reply   
Great point FLIP....I don't put a lot of STOCK (pun intended) in the correalation between the US stock market and USD but it seems the correaltion IS more direct with Japanese stock market and YEN values

Spr Noods 13:51 GMT August 4, 2004 Reply   
weak yen is it an omen China will beat Japan in that soccer game firstly there is one up soon? heard the boys talk about it

Spr Noods 13:49 GMT August 4, 2004 Reply   
think the best clue on yen came from BC
long heralded a weaker Yen
rich pickings for some
a bit of discomfort at first
seems some names are taking the opportunistic chance to take some Dlryen longs off the table
there is a better level to pick up longs again

UAE Oil man 13:49 GMT August 4, 2004 Reply   
But then Djibouti is at 40%..so i guess 10 is okay compared to that..LOL.

UAE Oil man 13:48 GMT August 4, 2004 Reply   
A continuation of higher oil prices and higher $ rates across the boards will certainly hurt european economy, which is already at 0 growth, and 10% unemployment.

Dublin Flip 13:46 GMT August 4, 2004 Reply   
GEP given the surging oil price it's also noteworthy the Nikkei is (apart from the All Ords of Australia) the best performing stockmarket. The FX market are "looking for clues" and without anything concrete we have been all been turned in oil traders at the moment until the next nexus arrives....

Dallas GEP 13:46 GMT August 4, 2004 Reply   
NOODYG, need to post more my lady....VERY helpful!!!

Dallas GEP 13:43 GMT August 4, 2004 Reply   
Trick question AB!!! LOL Well actually I was rephrase that, the MAJOR most affected by higher oil prices will be YEN!! LOL I am not quite the LOONIE trader you are.

Indonesia Solo Raden Mas 13:42 GMT August 4, 2004 Reply   
sell gbp/usd now at 1.8188 stp 1.8205 tgt 1.8147

Indonesia Solo Raden Mas 13:40 GMT August 4, 2004 Reply   
china qq 13:23 GMT August 4, 2004
if we see cross rate, I think to go 1.8000 is heavy.

hk ab lazy 13:40 GMT August 4, 2004 Reply   
Noods, are you hinting me I should change my limit to 111.99?
TIA!

hk ab lazy 13:40 GMT August 4, 2004 Reply   
GEP// Does nz produces oil?

Spr Noods 13:38 GMT August 4, 2004 Reply   
am short Dlryen almost near the highs Gep
not bothered stop 112.10
think we shud see back 111.30/35

Indonesia Solo Raden Mas 13:38 GMT August 4, 2004 Reply   
eur/usd still have space to get 1.1947-1.1939. this band is very danger !!!
maybe reversal from there. if touch 1.1939-47 today that's mean excelent pattern to get 1.2288..TOP

Dallas GEP 13:36 GMT August 4, 2004 Reply   
Guys remeber that the currency MOST affected by higher oil prices will be the YEN. Japan is totally dependent on imported oil and so as long as we have highs on oil, you could expect the yen to take some hits which it has already.

hk ab lazy 13:34 GMT August 4, 2004 Reply   
nt// if you don't mind, plz let us know if c9 goes long here.

oilman, any current view? TIA.

hk ab lazy 13:33 GMT August 4, 2004 Reply   
keep dlr/jpy 112.30 limit.

nt// look at the chf, it right knocked the 50 wma door.

CA Clouy 13:32 GMT August 4, 2004 Reply   
Hmm... $/yen has already breached 110.50~60. 30 min chart show a weaker bull. Now I hope this pair can hold at 111.80 level, otherwise I'm going to cry...

hk ab lazy 13:32 GMT August 4, 2004 Reply   
remove aud limit to long, don't feel good with eur under current situation.

hk ab lazy 13:31 GMT August 4, 2004 Reply   
fwiw, all dlr/chf and eur/chf exited.

Wash DC Tempus 13:30 GMT August 4, 2004 Reply   
To HK re US$ JPY:

I must humbly disagree with your view that US$ Yen moves sub 108.00 in the near term. With no relief in sight concerning crude prices, $45-50 barrel likely, less than robust Japanese consumer spending, shrinking investor demand for Japanese equities, and the Bank of Japan still seeing signs of deflation (forcing them to keep rates near 0%, while Fed continues to hike)... all point to a US$ trending to 115.00 and ultimately 120.00 by year end.

Quebec 13:26 GMT August 4, 2004 Reply   
How about any banks that sold Eur/Cad?

Dallas GEP 13:26 GMT August 4, 2004 Reply   
MARTIN, you know I have very LITTLE patience so AUSSIE is NOT one of my favorite pairs PLUS it is just about worthless as a daytrade with as sluggish as it moves. I could see where a POSITION trader would LOVE it.

china qq 13:23 GMT August 4, 2004 Reply   
hi. Indo. solo.. seems it can reach around 1.8000 area ..if not break.. then gonna rebounce.. isn't that more chance..?

Indonesia Solo Raden Mas 13:17 GMT August 4, 2004 Reply   
china qq 13:12 GMT August 4, 2004
yes friend..just my little analysis.
don't forget to use stop loss.

hk 13:16 GMT August 4, 2004 Reply   
exhaustive bounce for the USD/JPY before sub 108. last week's 112.50 was the secondary mid term exhaustive top.

Indonesia Solo Raden Mas 13:13 GMT August 4, 2004 Reply   
wow..usd/jpy climb the wall with carry parasute..fwant to know what will happen when touch 111.99
:-)

china qq 13:12 GMT August 4, 2004 Reply   
Hi..Indo. solo.. do u mean , GBP gonna come back to around 1.8500.. from 1.8120 bottom ?

Indonesia Solo Raden Mas 13:09 GMT August 4, 2004 Reply   
If gbp/usd touch 1.8118 today..that's mean excelent pattern to get 1.8493. please..

Indonesia Solo Raden Mas 13:07 GMT August 4, 2004 Reply   
hello..
gbp/usd still possible get 1.8118 as extreme bottom.

Dallas GEP 13:05 GMT August 4, 2004 Reply   
RE: usd/chf stoch has turned DOWN on CHF but MACD is still high. BEST strategy for right now is to probably take +20 and get OUT. expect some minor range trading with TIGHT ranges for next hour or so at least.

melbourne farmacia 13:04 GMT August 4, 2004 Reply   
QC WC - support @ 1.8150 buying infront looks ok for now..
What ever happens today should turning around thursday. GT

Bruxville Jim 13:03 GMT August 4, 2004 Reply   
[12:15 EUR/USD: Finally Triggering Barrier Options At 1.1980]

Dallas GEP 13:02 GMT August 4, 2004 Reply   
I like that analysis very much Athens

Dallas GEP 13:01 GMT August 4, 2004 Reply   
OK In now at 1.2840 on usd/chf SHORT

Athens 12:57 GMT August 4, 2004 Reply   
GEP and NH (earlier) re $/CHF, this is a point I made on my Trendways analysis last night after US closing time: "The Swissy better be watched closely not only for repeated failures around its DHDL (O/B area) since last week but also as a concern of the fairly high EUR/CHF TC which may indicate that the medium term uptrend of this cross may be approaching an exhaustion time/area." Today's O/B area on my tech was 1.2860-90. And this was my trading suggestion last night: "Long USD preferred around 1.2750 risk under 1.2680-85. Unload at least partially in the region 1.2830-45 and use higher levels for light contras."

Bottom line, $/CHF still in uptrend but caution is advised on this particular pair as short term abrupt corrective backfiring is duly in play

San Diego bobl 12:56 GMT August 4, 2004 Reply   
sold usd/cad here (half size) with stop >1.3230

Dallas GEP 12:55 GMT August 4, 2004 Reply   
OK for now this is how see it: SELL point: usd/chf @ 1.2840 (stop conservative 1.2870, stop aggressive 1.2920) BuY point eur/usd 1.1975 (1.1945 stop). THESE are VERY strong candles to be selling or buying against so have stops in place!!! Be VERY careful about SELLING yen pairs at this time!!!

Riga RIA 12:49 GMT August 4, 2004 Reply   
Talk good US name sold gbpcad...GL

saratoga sam 12:45 GMT August 4, 2004 Reply   
Mr. Daniel, Junes low print was as 1.1954 as well.. Should be interestesting cheers...

Dallas GEP 12:45 GMT August 4, 2004 Reply   
Was told SWISS bank sold VERY large amounts on usd/chf... don't know original source but it makes sense. They probably WOULD not have done it if they thought there might be a continuing STRONG usd push at this time.

UAE Oil man 12:43 GMT August 4, 2004 Reply   
Eur/aud is possibly on a break-down of the old triple top (now good support) 1.69xx area..thus some strenght in the ozi also gep....1.7330 nixxes the short view.

GOLD COAST MARTIN 12:42 GMT August 4, 2004 Reply   
DALLAS GEP...what you said is one reason...there is a very simple solution.....patience!...should euro hold under 120 for the next 2 hours the aussie will see 6980 and hold....g/t

hong kong nt 12:41 GMT August 4, 2004 Reply   
guess day low already seen on EUR/USD..

QC WC 12:40 GMT August 4, 2004 Reply   
Faramcia, any tips on GBP?

Dallas GEP 12:39 GMT August 4, 2004 Reply   
Martin I played that AUSSIE short from 7060 to 7030. I was going to hold for 6990 but it is VERY curious to me why with all the usd bullishness 6990 was not seen. What is the deal with that???? Actually I THINK what hapopened was that AUD/JPY LONGED keeping aud/usd shorts at bay at this time.

Ina co'z 12:39 GMT August 4, 2004 Reply   
hello all...
isn't aud/usd good for short now...?
with stop at 1.7050 and tp at 1.6965...IMO..
ok..good luck guys..!

UAE Oil man 12:39 GMT August 4, 2004 Reply   
It was before the few years trendline, now we have seen repulsion on each trial to break it to the upside...everything is in the eyes of the beholder,daniel:)

Manchester Daniel 12:37 GMT August 4, 2004 Reply   
Europe M 12:21 - also note the 50ema on eur/$ weekly, coming in this week at 1.1954.

This has been a true support - for me this is the key line I am watching. A break down gives us all a VERY clear direction for euro. GL GT

Dallas GEP 12:35 GMT August 4, 2004 Reply   
Dammmm...that would be usd/chf @ 1.2840/45!!!

GOLD COAST MARTIN 12:35 GMT August 4, 2004 Reply   
bruxville jim...my APOLOGIES...lol...good trades

Gen dk 12:34 GMT August 4, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Dallas GEP 12:34 GMT August 4, 2004 Reply   
OK guys...I think we should exppect EITHER USD to pullback some or simply rest, That 1.2940/45 area is TYPICALLY a reversal point on usd/chf if not broken. IF breeched then 1.2880/90 is next. I mentioned last night that usd/jpy TOP would be 111.40/50 IF eur/usd 1.1990 was not briken but of course it was so 111.73 has printed. CAD reversal point is 1.3230 normally as well as we have just seen.

Quebec 12:33 GMT August 4, 2004 Reply   
So no one here is long Eur/Cad?

Bruxville Jim 12:30 GMT August 4, 2004 Reply   
Martin, please hit the 'Caps Lock' button on your keyboard...

nyc fxdh 12:29 GMT August 4, 2004 Reply   
Thanks for swiss trade viies

Athens 12:29 GMT August 4, 2004 Reply   
Re my 10:44, as expected $/JPY moved higher while EUR/JPY bounced off 134. FWIW I took my small profit on the cross.

Bruxville Jim 12:28 GMT August 4, 2004 Reply   
viies, call it as you wish.

Tallinn viies 12:25 GMT August 4, 2004 Reply   
Bruxville Jim 12:23 GMT- there now such things like false breaks. everything is real.

btw, if even if stops done and market turns I still think last week high 1,2185/90 contains all rebounds.

GOLD COAST MARTIN 12:24 GMT August 4, 2004 Reply   
UAE OILMAN ...LOL...I WILL BE HAPPIER WHEN THE STAMP CURRENCY IS AT PARITY....THE SOONER THE BETTER....G/T

Gothenburg XON 12:23 GMT August 4, 2004 Reply   
Indonesia Solo Raden Mas 11:47 GMT August 4, 2004
usd/chf
clear signal to get 1.2882..TOP

Why do you think 1.2882 ? Seems like its going for it...
I'm happy you posted your call...

Bruxville Jim 12:23 GMT August 4, 2004 Reply   
viies, if this one is a false breakout, then newly initiated shorts (stops) will be forced to cover - and there might be tons of them... just imho...

europe m 12:21 GMT August 4, 2004 Reply   
long term players start bidding arr 1,1980. Dont forget on the weeklies supp line is 1,1950/70 this week. This could be almost last line of defence for eur in short term.
Bounce higher expected.... i am out of short eurusd ...sq now... will buy some later if it will stabilize for some intraday pos.
Whatever... friday data will show us were it will go...as it will almost certain to break some tech level to show us mid term trend.

Gen dk 12:19 GMT August 4, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

UAE Oil man 12:19 GMT August 4, 2004 Reply   
I guess Martin is right, when it starts moving , I'm like the pavlov dog and start drooling in front of the screen ..

common goose , start moving or we'll think you are a pigeon!

Tallinn viies 12:19 GMT August 4, 2004 Reply   
Bruxville Jim 12:17 GMT - 250 points per day? of course not

Bruxville Jim 12:17 GMT August 4, 2004 Reply   
...tomorrow

Bruxville Jim 12:16 GMT August 4, 2004 Reply   
If this one turns out to be a false breakout - welcome to 1.22 level!

Dallas GEP 12:10 GMT August 4, 2004 Reply   
Sorry those were longs from 1.3175

Riga RIA 12:10 GMT August 4, 2004 Reply   
Talk US invest selling from 1/2015/10 thru stops 1.1990/80 to 1.1970...GL

Dallas GEP 12:09 GMT August 4, 2004 Reply   
Well limited out on USD/CAD shorts..+35 pips...square now

GOLD COAST MARTIN 12:09 GMT August 4, 2004 Reply   
If eurro zorro stops stamp collecting at this level, the 11980 level may hold this time...lol.....good trades to all...

Gothenburg XON 12:09 GMT August 4, 2004 Reply   
Nice call Raden! I'm gled i jumped on that !

Melbourne Qindex 12:08 GMT August 4, 2004 Reply   
Melbourne Qindex 07:11 GMT August 1, 2004
EUR/USD (Weekly Cycle) : The critical point of my weekly cycle is also the key quantized level and is located at 1.1952. Speculative selling will increase if the market can penetrate through a projected supporting range of 1.1900 - 1.1921. A projected supporting point is expected at 1.1849. The lower barrier of my weekly cycle is positioning at 1.1746/ 1.1798. The upper barrier is located at 1.2159 // 1.2211. The market rhythm is represented by 103 pips and the weekly cycle normal trading range is 1.1849 - 1.2262. (Suggestion : Maintain a short position if the market is trading below 1.2211 ).


Weekly Cycle Quantized Levels

... 1.1746* // 1.1798 - 1.1849* - 1.1900 - (1.1952)* -1.2004 - 1.2056* - 1.2107 - 1.2159* // 1.2211 - 1.2262* ...


Tallinn viies 12:08 GMT August 4, 2004 Reply   
whoops ;)

half short position covered.
order done at 1,1975.
selling again at 1,2005/15 area.

Goes (NL) B747 12:08 GMT August 4, 2004 Reply   
Tallin viies; your crown is ready, feel free to pass and pick it (or send the driver).....!!!!! :-)


gt

Indonesia Solo Raden Mas 11:47 GMT August 4, 2004 Reply   
usd/chf
clear signal to get 1.2882..TOP

Quebec 11:44 GMT August 4, 2004 Reply   
Anyone long Eur/Cad? I figure it would reach 1.5920

Indonesia Solo Raden Mas 11:41 GMT August 4, 2004 Reply   
usd/cad bottom target is 1.3182

pd cumino 11:39 GMT August 4, 2004 Reply   
Yes all two at spot ~1.2010

UAE Oil man 11:37 GMT August 4, 2004 Reply   
the knock in 1.48 is at spot also ,cumino?

Riga RIA 11:35 GMT August 4, 2004 Reply   
Tallin viies, I mean ACB--Asian Cenbank..GL

UAE Oil man 11:35 GMT August 4, 2004 Reply   
Thanks cumino.

Zaporozhye, UA Nemo 11:34 GMT August 4, 2004 Reply   
EUR & 1.2 level like gummy ball & hard surface )) lol

Indonesia Solo Raden Mas 11:34 GMT August 4, 2004 Reply   
warning !!!
usd/cad at 1.3221 is sell level.

Tallinn viies 11:31 GMT August 4, 2004 Reply   
Riga RIA 11:25 GMT - you mean ABC? or ECB?

Tallinn viies 11:26 GMT August 4, 2004 Reply   
Bruxville Jim 11:22 GMT - not yet, Im simple minded country boy. I only sell options as 90% of options expire worthless, why to bet against statistics?
maybe this time I really may buy the straddle but I doubt.

Helsinki iw 11:25 GMT August 4, 2004 Reply   
Fwiw/ Tend to agree that the buy-on-dippers lurking around will find ever better dips to buy as soon as recent levels break.

Riga RIA 11:25 GMT August 4, 2004 Reply   
Talk ACB bidding near 1.2005..GL

Goes (NL) B747 11:25 GMT August 4, 2004 Reply   
Tallinn viies 11:22 GMT August 4, 2004

JPY is supporting your calls :-)

gt

Tallinn viies 11:22 GMT August 4, 2004 Reply   
I hope NYC fx gangs will do the work for us.
want to see 1,1975 printed today or ....

Bruxville Jim 11:22 GMT August 4, 2004 Reply   
viies, I'll pass on the opportunity to trade the straddle. Of course, there is a huge upside potential for long straddles, but then odds are extremely high that you end up out of the money... Did you buy one yourself?

pd cumino 11:20 GMT August 4, 2004 Reply   
UAE Oil man 11:12 GMT August 4, 2004
If you are so sure, then a 2 years risk reversal strike=spot with EUR PUT KI 0.99 bought and EUR CALL KI 1.48 sold for 0 cost is without risk for you?

Sin Sam 11:18 GMT August 4, 2004 Reply   
Hi guys,

Is there any website that I can see results of economic indicators of the EU region?

Thanks in advance mates.

Cheers. :)

Livingston nh 11:14 GMT August 4, 2004 Reply   
the swissy looks to lead the USD rally again - an attempt to break last week's USD/CHF high failed but I think we get another run at it later today so 1.2850 is a key level for me - EUR/CHF has the 21 da sma crossing 55 da ema (bullish) but MACD slowing down so maybe a tip that the EUR is going to move down a bit faster after a break below 1.20

Tallinn viies 11:13 GMT August 4, 2004 Reply   
Bruxville Jim 11:11 - if you are sure that rates doesnt move 55 pips you may SELL straddle at 50 pips. no worries mate.

Goes (NL) B747 11:12 GMT August 4, 2004 Reply   
boring, very boring.
booring is welcome!!!


gt all

HK [email protected] 11:12 GMT August 4, 2004 Reply   
One should not ignore the chart formation buildup since 1998.
Very powerful very reliable...points to euro above 1.4000.
Indeed how? That what Tech.says.

UAE Oil man 11:12 GMT August 4, 2004 Reply   
UAE Oil man 16:33 GMT December 31, 2003
UAE Oil man 10:40 GMT January 6, 2003
First 1.075x ˆ
Then 1.0450
Then 1.16+
1.12
1.26
the coccoon is ready to mature!
-------------
December 31 2003 :
Sell EURO$ 1.25-1.35 (use options if u have too) target .9550..(before .6500 in 2 years.)

Ciao happy new year .

////////////////
NO change in views..cookie take a long time to be swallowed..1 year and sometimes a bit more.

Athens 11:11 GMT August 4, 2004 Reply   
I don't know where the USD will be in 12 or 24 months time but for sure I know that my view posted here in early 2004, namely that this year won't see big trends but rather a long lasting wide consolidation has come up as we alreadt are in mid Q3.

slv sam 11:11 GMT August 4, 2004 Reply   
Goes (NL) B747 11:05 GMT /
The huge imbalanced American economy will not go away...conclusion is clear.GT

Bruxville Jim 11:11 GMT August 4, 2004 Reply   
viies, c'mon. If there was definitely a 55 pips move you couldn't buy the straddle for 50 pips. That just doesn't make sense. Option writers know their risks in advance.

Bgd PS 11:10 GMT August 4, 2004 Reply   
UAE Oil man 11:06 GMT August 4, 2004

You were calling eur/$ parity until end of this year. Do you change your prediction now?



Sydney Alimin 11:10 GMT August 4, 2004 Reply   
as long as bc is still buying euro under 1.20 i dont think we will see 1.14 yet :) let's just give Dr Q's 1.15 a go first

HK [email protected] 11:10 GMT August 4, 2004 Reply   
Eur/usd it is the best of course to stay out.
1.2000 looks like very important level.. ok. If there will take a break downward (beware of a false breakdown ha!) the wiser trader will just wait for 1.18++ level to long for an upmove. But this looks too trivial, as that is now more or less the grand support of the multi-year cup and handle formation.

An upward break... and Euro will begin it's upward travel to challenge the 1.2650.

Personally... me favor for upside . The main problem is how to keep the neck out of the market during the uncertainty period.

UAE Oil man 11:06 GMT August 4, 2004 Reply   
the euro will be under parity within 16 +months or so..as I have stated on my january 1 cookie.

Goes (NL) B747 11:05 GMT August 4, 2004 Reply   
slv sam 11:03 GMT August 4, 2004

everything goes about the inside of the 'election hat'; Bush will not let the white house so easy...expect the unexpectable!

gt

slv sam 11:03 GMT August 4, 2004 Reply   
The question is are we going to see e/$ 1.14 level or will 1.17 level hold again?.GT

Va Raven 11:00 GMT August 4, 2004 Reply   
Was just about to ask you, sam, where exactly are these "attractive levels" to sell dollar?
Thanks for the correction. I meant he is not Japanese.

Goes (NL) B747 10:55 GMT August 4, 2004 Reply   
CA Clouy 10:50 GMT August 4, 2004

USD/JPY s/l 111.80/-

gt

Tallinn viies 10:55 GMT August 4, 2004 Reply   
if you have no idea where we go after NFP numbers on friday.
I suggest you to buy a O/N straddle. today it costs 50-55 pips I think.
those numbers should definatelly move the market more than 55 pips.
doesnt look good?

slv sam 10:53 GMT August 4, 2004 Reply   
soon will be a gold opportunity to short USD at attractive levels against everything for new record lows! aimho of course.GT

CA Clouy 10:50 GMT August 4, 2004 Reply   
Goes (NL) B747 10:46 GM

Hi, u still holding ur short possie on $/yen? May I plz know ur s/l on it? I adjusted it to be 112.16 according to Dr. Q's daily circle. TIA

GL & GT

Bruxville Jim 10:49 GMT August 4, 2004 Reply   
Goes (NL) B747 10:46 GMT // EUR/JPY a DoubleShort then...

Athens 10:47 GMT August 4, 2004 Reply   
Raven, I haven't actually seen any but have sniffed a few of them in the remote past. Not sure about these days for I come in rather rarely.

Goes (NL) B747 10:46 GMT August 4, 2004 Reply   
Sydney Alimin 10:43 GMT August 4, 2004

GBP/JPY: short
USD/JPY: short
EUR/USD: short

what I think is not important, markets are talking for us :-)

gt

Bruxville Jim 10:45 GMT August 4, 2004 Reply   
Raven, isn't Va a Japanese city? Such a fancy name, sounds verrry Yaponese... Hiding your true identity?

Athens 10:44 GMT August 4, 2004 Reply   
My suggestion to those who want to go long Yen, better leave $/JPY aside and trade the Yen v. EUR in front of 134 or higher if seen.

Va Raven 10:44 GMT August 4, 2004 Reply   
True, Athens. You were here before I came, have you ever "seen" any of them on the forum?

Sydney Alimin 10:43 GMT August 4, 2004 Reply   
B747: yes, just got home from the airport...are u holding any positions at the moment? what do you think of euro? are we gonna see 1.18 or 1.22 first?

Athens 10:41 GMT August 4, 2004 Reply   
Raven, how could you possibly have seen one, photos are not allowed here:-)

Goes (NL) B747 10:39 GMT August 4, 2004 Reply   
Sydney Alimin 10:37 GMT August 4, 2004

back @ home?
did u had a nice one?

gt

UAE Oil man 10:39 GMT August 4, 2004 Reply   
I don't have any $/YEN ...but 110.36 held which was the lowest it could go to continue up,at least in my eyes.. (look back in archives.)

hk 10:38 GMT August 4, 2004 Reply   
Beijing Laowen 09:43 GMT August 4, 2004
accumulate shorts here, anything above 77.40 is a bonus, add on hourly break of 77.50 this is as good a sell set-up as one can ask for in this risky business.

Va Raven 10:37 GMT August 4, 2004 Reply   
Well, I might have been around here for almost 7-8 years, but not seen a single true Japanese trader so far, some "faked" ones only from time to time.

Sydney Alimin 10:37 GMT August 4, 2004 Reply   
hi guys, euro couldnt even test 1.2090 and went down easily to test 1.2000..expect lower 1.19 or even 1.18 handle on friday...keep selling on rallies here as long as 1.2090 and 1.2120 hold

Goes (NL) B747 10:35 GMT August 4, 2004 Reply   
cairo amgad 10:31 GMT August 4, 2004

better I will not think :-)


gt

quito_ecuador_valdez 10:33 GMT August 4, 2004 Reply   
VA Raven// From what I understood from Jay some time ago, yes we do have Japanese visitors. I encouraged them to post the other day but no soap...notta word. C'mon Japan, where are you? We would appreciate your most considerate opinions and thoughts and your English is likely better than ours!!! :^>

cairo amgad 10:31 GMT August 4, 2004 Reply   
Goes (NL) B747 10:29 GMT August 4, 2004

yes, my average is 111.70 now. What you think?

Va Raven 10:30 GMT August 4, 2004 Reply   
Just curious, do we have any Japanese trader on the forum?

Goes (NL) B747 10:29 GMT August 4, 2004 Reply   
cairo amgad 10:28 GMT August 4, 2004

do you still hold short usd/jpy ???


tia & gt

cairo amgad 10:28 GMT August 4, 2004 Reply   
UAE OIL man; what is your view of USD/JPY now 111.50?

europe M 10:20 GMT August 4, 2004 Reply   
UAE Oil man .... or blame the Chinese... also working! LOL!

quito_ecuador_valdez 10:18 GMT August 4, 2004 Reply   
BTW if U don't understand the ISM cryptic numbers, 50 or over = economy positive, USD positive..anything under 50 = economy neg, USD negitive.

Hong Kong Ahe 10:17 GMT August 4, 2004 Reply   
Oil man 10:09 GMT - Today's best wisdom of words. LOL. Good trades.

Va Raven 10:16 GMT August 4, 2004 Reply   
Same group of consensus, Cape Town?
Oilman, no kidding, it might be true.....

UAE Oil man 10:16 GMT August 4, 2004 Reply   
that canada supplies 12 and more percent of oil(to usa) is also a good case of air canada, the 'soaring loon'..however I okay for 1.37 next week..
it just has to get in the air, then it can flap it's wings..now it s being clipped..but that is a good explosion to come once it frees itself from the duck hunters.

UAE Oil man 10:10 GMT August 4, 2004 Reply   
In anycase CAD/JPY is reaching the a 4 month top so it should calm down from here.

UAE Oil man 10:09 GMT August 4, 2004 Reply   
when you don't know , just blame the japaneses!!..they never answer and stay silent..so you can never miss ..lol.

UAE Oil man 10:07 GMT August 4, 2004 Reply   
the usual (silent)suspects raven, the japaneses..

Cape Town 10:03 GMT August 4, 2004 Reply   
Raven, for your edification! ...with the exception of May, the payroll numbers this year have all deviated more than 35% from consensus.

quito_ecuador_valdez 10:03 GMT August 4, 2004 Reply   
The Institute for Supply Management (ISM) releases July index of business activity, (mostly services & non-manufacturing sector) today 1400 GMT. Consensus estimate: increase to 61.5%. June was 59.9%, after easing to 65.2% in May, from 68.4% in April.

The non-manufacturing ISM fell back below 60 last month for the first time since December. If it manages to get back above 60 it will exert further downward pressure on EUR/USD, but if it slips below 55 the fears surrounding a softer pace of economic activity will once again materialise.

Durable goods orders, which makes up more than half of the factory orders number, rose 0.7% in June and points to upside risk to consensus estimates. These two releases generally do not get much notice but even secondary data are getting more attention as the markets attempt to confirm whether the slowdown in June activity was "merely a blip" as Greenspan indicated.

Data released yesterday in the U.S. saw June personal spending off 0.7%, the largest drop since September 2001 and considerably less than the no change expected. Also, June personal income came in at 0.2%, consistent with expectations. These data reflect a sizable decrease in personal consumption expenditures.

~~~~~~~~

Today's worry sheet:
Wednesday, 4 August 2004 ..all times GMT

N/A UK Bank of England MPC meeting begins
0745 Italy July services PMI (prev: 58.2)
0750 France July services PMI (prev: 57.9)
0750 Germany July unemployment rate (prev: 10.5%)
0750 Germany July unemployment (prev: -1,000)
0755 Germany July services PMI (prev: 52.3)
0830 UK July services PMI (prev: 56.8)
0900 EZ May retail trade (previous: -0.9% y/y)
1100 US MBA refinancing index (prev: -0.1%)
1300 NZ July ANZ commodity price index
1300 US Q3 Treas. refunding announcement
1400 US July ISM non-manuf. index (prev: 59.9)
1400 US June factory orders (prev: -0.3%)
2245 NZ June overseas trade
2350 Japan Weekly portfolio flows

Va Raven 10:01 GMT August 4, 2004 Reply   
I am really confused by cad's strength this week, not yet on that though.... What's behind it?

Riga RIA 09:57 GMT August 4, 2004 Reply   
Yesterday saw good demand from local (SA) importers as well as offshore financial institutions running into large selling from a local SA bank. The selling won the day and the rand again traded below 6.30.



The 6.3500 level is seen by a lot of participants as a good level to sell USD's although 6.3800 is the bigger technical level. In fact a lot of stop losses are building up at 6.3800 and should we breach this level, a further run up to 6.5000 would be on the cards.



For the moment, the expected range should be 6.25-6.35 and the rand is now likely to wait for Friday's non-farm payroll for direction. Of course a substantial move in the EUR would also act as a catalyst for the rand

Va Raven 09:57 GMT August 4, 2004 Reply   
No kidding, Oilman? But do feel the expectation is low this time and good for dollar.

Riga RIA 09:55 GMT August 4, 2004 Reply   
Yesterday the HUF eased further on the interbank FX market - recovering by close of business. Political uncertainties regarding the future of the government weighed on market sentiment - resulted in the closing of some long HUF positions........But expect capp ahead 251.50/252.......Short prefer there for return to 248....GL

UAE Oil man 09:52 GMT August 4, 2004 Reply   
Rumour 231, raven :)

Mla Evan 09:51 GMT August 4, 2004 Reply   
Hope so

Va Raven 09:48 GMT August 4, 2004 Reply   
NFP on Friday might be a "so-so" figure, but if it's over 200k, dollar is to fly because the expectation is low.

Riga RIA 09:47 GMT August 4, 2004 Reply   
Poland - Finance Minister Gronicki sees CPI just below 4% in Q1 2005 - though still above Central Banks 3.5% target. They project inflation falling back to 2.5% by 2H 2005 - suggesting the Central Bank may be able to avoid aggressive

monetary tightening in the future (although additional rate hikes seem inevitable).

Poland - The NOBE think tank sees the zloty steadily weakening vs. EUR on a 10 mth horizon - hitting 4.60 by the end of Q2 2005 - but painted an optimistic picture, believing the economy is on track for a sustained recovery Expect 4.40/45 choppy range, sell prefer EURPLN....GL

Beijing Laowen 09:43 GMT August 4, 2004 Reply   
hk 09:28 GMT August 4, 2004 //

I belive you are ab, am I right? if not I am sorry...

Would you sell aud/yen after it goes below 77.50 or accumulate the shorts from here? TIA gt&gl

Va Raven 09:43 GMT August 4, 2004 Reply   
Don't really like the dow futures at -54, too close to 10k again..... but that stuff might turn today before dollar.

Va Raven 09:39 GMT August 4, 2004 Reply   
not that smart yet, viies.

Tallinn viies 09:38 GMT August 4, 2004 Reply   
if not filled, will be filled later. dont worry

Va Raven 09:36 GMT August 4, 2004 Reply   
Thanks for teh help, I go with SFX, that's EBS quote.

Tallinn viies 09:35 GMT August 4, 2004 Reply   
Va Raven - you had buy order down there?

Ldn Cashman 09:34 GMT August 4, 2004 Reply   
Raven , EBS low 1.2002

Togliatti Ant 09:33 GMT August 4, 2004 Reply   
Reuters shows 1.2000 low

Prague Jv 09:32 GMT August 4, 2004 Reply   
Raven I have 1.20025 bid

EUROPE M 09:29 GMT August 4, 2004 Reply   
looks like we may agn test 1,20 to... but i think we will not go under 1,1990... not today. Expecting bounce back to 1,2030 agn.

EUROPE M 09:29 GMT August 4, 2004 Reply   
looks like we may agn test 1,20 to... but i think we will not go under 1,1990... not today. Expecting bounce back to 1,2030 agn.

hk 09:28 GMT August 4, 2004 Reply   
AUD/JPY had just peaked, below 77.50 should see some nice one way moves over the next few days.

UAE Oil man 09:25 GMT August 4, 2004 Reply   
from my weekend post
'............Also noted the quite bullish high sentiment for the dollar in the forum and in many subscription services (which has raven pointed out where all looking the other way just before the downside in euro/$...As usual..) howerver as we all know they/it(the sentiment) will turn to bearishness in 100 pips dips in the dollar which is the common case in the world of the zero sum game played by the general loosing players(more than 96%..).....................'

//sorry guys i was too generous, it wasnt 100 pips in dollar ..it was 60 pips and everyone looked for 1.22...Now we should be ready for our downside.

Singapore Sfx 09:24 GMT August 4, 2004 Reply   
1.2002

Mla Evan 09:23 GMT August 4, 2004 Reply   
1.2004??

Togliatti Ant 09:23 GMT August 4, 2004 Reply   
1.2000 low for today

Va Raven 09:21 GMT August 4, 2004 Reply   
What was the low given in euro so far?

Mla Raven 09:20 GMT August 4, 2004 Reply   
Thanks your view, hope it comes out as per your expectations.

Va Raven 09:16 GMT August 4, 2004 Reply   
Thanks Evan. I bet on Friday for the reason that after NFP, the move, if any or either ways, would be sustainable and solid.
It didn't happen yesterday, then no reason to happen today and tomorrow. Just an observation.

EU ZORRO 09:14 GMT August 4, 2004 Reply   
London 09:07...I bought yestarday @ 1,2040 and today @ 1,2004.....

....I like to do the "stairs"....!!!!

Mla Evan 09:10 GMT August 4, 2004 Reply   
Mla-Manila, Philippines

London 09:07 GMT August 4, 2004 Reply   
ZORRO why don't you just buy a few yards here & get it over with LOL

Swidnica/Poland profi-forex 09:06 GMT August 4, 2004 Reply   
04.08.2004 (03.20 am US TIME)


USD/JPY(CURRENT LEVEL 111.36) - YESTERDAY SUPPORT AT 110.50 HOLD. NOW WE TEST RESISTANCE AT 111.40. IF WE DON`T BREAK THIS REGION WE COULD SEE FALL TO 109.75/110.00. BUT IF WE BREAK ABOVE-MENTIONED RESISTANCE WE SHOULD TEST 112.45 REGION.

EUR/USD(CURRENT LEVEL 1.2018) - YESTERDAY SUPPORT 1.1990/1.2000 HOLD. AFTER WORST THAN EXPECTED US DATA WE SAW BOUNCE TO 1.2075 REGION. IF EUR/USD DON`T CLOSE TODAY BELOW 1.1950, TOMMOROW WE COULD SEE RALLY ABOVE 1.2115 REGION. AND THEN WE COULD WAIT FOR FRIDAY`S NFP.

USD/CHF(CURRENT LEVEL 1.2818) - USD STILL FIGHT WITH STRONG RESISTANCE AT 1.2825/40 REGION. IF WE BREAKTHROUGH THIS RESISTANCE NEXT TARGET WILL BE 1.2900. IF WE DON`T WE COULD SEE TEST SUPPORT AT 1.2680/90 REGION.

GBP/USD (CURRENT LEVEL 1.8204) - STILL GBP HAS A CHANCE TO TEST 1.8330 RESISTANCE BEFORE BOE RATE DECISION. THERE WE COULD WAIT FOR FRIDAY`S NFP.

Va Raven 09:06 GMT August 4, 2004 Reply   
Evan, where is Mla?

Tallinn viies 09:05 GMT August 4, 2004 Reply   
Bruxville Jim 09:00 GMT - I have different view.
I see that most of the guys have been buying euros last 4-5 days. little push down and snowballs starts to roll.

called to my old buddies at the bank who quoting to margin accounts. havnt seen fresh euro sellers for week (only stop-loss sell orders). only right hand side prices are traded.
fwiw

HKG SK 09:04 GMT August 4, 2004 Reply   
So why not buy now??? Don,t worry about that 20-30 pips if you are looking for 200-300 pips.

UAE Oil man 09:03 GMT August 4, 2004 Reply   
kinda scary, that one ...everyone want to buy down there....

EU ZORRO 09:01 GMT August 4, 2004 Reply   
Good morning all...

...Very dificult to buy euros below 1,20....

...Tallin Viies....Your tragets are my BUY ORDERS.... :)

...too many people want to buy down there.....!!!!


Good trades all...

Bruxville Jim 09:01 GMT August 4, 2004 Reply   
Riga RIA - do you have an update for your view on EUR/PLN?

Va Raven 09:00 GMT August 4, 2004 Reply   
I bet "The day after tomorrow", viies.

Mla Evan 09:00 GMT August 4, 2004 Reply   
Have a feeling Euro might not even test 1.1950 this round and rise from current support levels, what do you think Raven?

Bruxville Jim 09:00 GMT August 4, 2004 Reply   
viies, beware - when too many people are looking down on euro it will probably take a surprise rally...

Tallinn viies 08:57 GMT August 4, 2004 Reply   
Va Raven 08:56 GMT - for today my friend!
if not today, then tommorow. as long as proved Im wrong :)

Va Raven 08:56 GMT August 4, 2004 Reply   
Tallinn viies 08:39
WHEN?

Tallinn viies 08:50 GMT August 4, 2004 Reply   
ab lzy - how can I help you?

Tallinn viies 08:39 GMT August 4, 2004 Reply   
good morning world!
euro under pressure like it has been work weeks.
targets 1,1950, 1,1890, 1,1860 and 1,1815.

stop like has been. at 1,2124/29

New York City pws 08:32 GMT August 4, 2004 Reply   
56.2 UK PMI

lnd 08:17 GMT August 4, 2004 Reply   
Melbourne Qindex. marking my thoughts to market i have to admit that I too do not know which will lead on gbp/jpy. did think it was jpy yesterday but not sure now. not getting involved on either so focused just on cross. cheers for your info yest on forum. gl & gt.

PAR 08:15 GMT August 4, 2004 Reply   
UK banks selling EURGBP in anticipation of very strong UK PMI and higher UK interest rates.

New York City pws 08:10 GMT August 4, 2004 Reply   
Goldman Sachs has a long position open in EURGBP with a s/l at .6550 fwiw...gt

Indonesia Solo Raden Mas 08:07 GMT August 4, 2004 Reply   
sell level eur/jpy is 134.10

Indonesia Solo Raden Mas 08:05 GMT August 4, 2004 Reply   
eur/gbp.
be carefull when at 0.6569, maybe move up from there.

Indonesia Solo Raden Mas 08:00 GMT August 4, 2004 Reply   
target gbp/jpy is at 202.29 or 202.00 (objective intraday entry level for buy)

Indonesia Solo Raden Mas 07:58 GMT August 4, 2004 Reply   
sell now gbp/jpy at 202.76. stp 203.10

clonakilty glenn 07:57 GMT August 4, 2004 Reply   

SF Lux - sorry mate the dealer had no idea - he's frustrated because he's hardly taken a deal all night given the number of calls he's had to deal with on the server issue. I just can't understand why someone of their size doesn't have 24/7 support

Indonesia Solo Raden Mas 07:55 GMT August 4, 2004 Reply   
I got conclusion about gbp/jpy. chart is on the selling emotion form now until several day,
start level sell is 202.66 to get 199.98 or 199.40, extreme low at 199.00. if one of that numbers be touched maybe buyers come.

PAR 07:55 GMT August 4, 2004 Reply   
European and especially German companies are creating a lot of jobs unfortunately mostly in Eastern Europ and the Far East so that European unemployment keeps going up.

Spr Noods 07:48 GMT August 4, 2004 Reply   
thanks Pak options interests as you might know are being on radar 1.1980 1.1950 1.1925 1.1920 1.1900
can understand your views gl gt!

Singapore Sfx 07:48 GMT August 4, 2004 Reply   
Thanks very much Dr Q - appreciate it. and good luck.

SF Lux 07:45 GMT August 4, 2004 Reply   
clonakilty glenn 07:30 GMT August 4, 2004

did the dealing desk give an ETA to uptime?

Indonesia Solo Raden Mas 07:45 GMT August 4, 2004 Reply   
mr coz..are you here?

Melbourne Qindex 07:43 GMT August 4, 2004 Reply   
Singapore Sfx 05:04 GMT - USD/CAD : I will feel very uncomportabe for a long position if the market is trading below 1.3115.


Melbourne Qindex 13:47 GMT July 30, 2004
USD/CAD : As shown in my 44-day cycle frequency chart, projected chart points at 1.3115, 1.3369 and 1.3623 have the same frequency numbers. This would suggest that the market can easily move between them in a fashion of random walk.


44-Day Cycle Quantized Levels


... // 1.3115* - 1.3242 - 1.3369* - 1.3496 - 1.3623* // ...

Indonesia Solo Raden Mas 07:42 GMT August 4, 2004 Reply   
Spr Noods 07:36 GMT August 4, 2004
I think climax selling at 1.1945-50.
if today be touched that's mean very very good for buy there to hope 1.2288. clear pattern. (IMO)

PAR 07:40 GMT August 4, 2004 Reply   
Strong Asian demand for sterling due to interest rate differentials. Despite dual tightening by BOE thru higher UK interest rates and thru revaluation of GBP UK economy keeps on booming thanks to public spending. Expect UK PMI services to be very strong , above 60 and expect BOE to raise rates again to help GBP. So looks like in the short term GBP will test higher levels.

Indonesia Solo Raden Mas 07:39 GMT August 4, 2004 Reply   
Spr Noods 07:36 GMT August 4, 2004
terimakasih?
Pak Mas?
:-) LOL.
you are welcome.

Melbourne Qindex 07:39 GMT August 4, 2004 Reply   
CA Clouy 04:27 GMT - It all depends on the situation. trading around the congested area is quite safe.

Indonesia Solo Raden Mas 07:37 GMT August 4, 2004 Reply   
usd/cad sell area : 1.3221 - 1.3210 !!

Spr Noods 07:37 GMT August 4, 2004 Reply   
on trend a friend at a US name said he has had the best trend this year China slowdown
he sold the balloons out the Aussie
and has been sitting sideways since

Melbourne Qindex 07:36 GMT August 4, 2004 Reply   
Calabash TarHeel 04:08 GMT : Cheers!

Spr Noods 07:36 GMT August 4, 2004 Reply   
terimakasih?
Pak Mas?
yeah agree like a quickie towards 1.1950/55 today

houston st 07:35 GMT August 4, 2004 Reply   
NOODS -- not a good year for trend followers...they have to be down double digits this yr....gl/gt.

Spr Noods 07:34 GMT August 4, 2004 Reply   
there is a big jump in FX interest this year
why? cos the clowns in wealth management have sold clients some stuff 3-5 years run and the rich dudes seduced at chest level are finally digging in cos of the valuation losses

a lot of em resort to punting currencies

I betcha they gonna lose more
the skirts from the sales side are gonna get shorter!

Indonesia Solo Raden Mas 07:34 GMT August 4, 2004 Reply   
hello..friends !!
I hope can help you .
buy level :
eur/usd : 1.1950 ; 1.2015
gbp/usd : 1.8190 ; 1.8167 ; 1.8045 ; 1.7998
aud/usd : 0.7022 ; 0.6955
usd/chf : 1.2577 ; 1.2497
usd/jpy : 110.85 ; 110.28 ; 110.00
gold : 388.50 ; 390.40

sell level :
eur/usd : 1.2185 ; 1.2040
gbp/usd : 1.8336 ; 1.8413 ; 1.8491
aud/usd : 0.7114 ; 0.7137 ; 0.7157
usd/chf : 1.2835 ; 1.2936
usd/jpy : 111.99
gold : 398.00 ; 401.80

let's see what will happen when chart touch that numbers !!

SanFrancisco tg 07:32 GMT August 4, 2004 Reply   
New York City pws 07:22 GMT August 4, 2004 ... Gets my vote for post of the year.

Spr Noods 07:32 GMT August 4, 2004 Reply   
most of the funds are losing $ this year largely to talent dilution...wot Im saying is a lot of funds have fixed income pple who think that they know everything and henceforth do not churn enuf trades

if u think like me ie even as we get boxed in a 1.20-21
we flip a couple of times it looks like a 3-4 big figures

most funds at half time lost about 10-15% of their capital trading FX specifically this year
only Ansbacher Inv (Opts) Compucon Fin Hyman Beck
and Integra Master Fund are doing 2 digit gains (under 20%)

The other side seems populated by DUNN Vulcan ADM
as bad as 30% gone

for the banks its an excellent year
a lot of folks sitting on props (at least in Spore) are up like 5-6mln USD at half time
most are looking to milk a 10mln this year so its really a good year for those who know FX and not some smart censored fund manager/central bank name

Athens 07:31 GMT August 4, 2004 Reply   
Re my 11:22 Aug 3 the EUR/$ rally on Tuesday failed to surface above the resistance region defined by the previously broken weekly and monthly support lines as 1.2080-90 and fell back today, leaving the area 1.2070-90 as a selling territory intact for the time being.

Goes (NL) B747 07:30 GMT August 4, 2004 Reply   
houston ken 07:24 GMT August 4, 2004

yes...looks like one hand against all the traders, trying to make us wave the money bye-bye.

gt

clonakilty glenn 07:30 GMT August 4, 2004 Reply   

Houston Ken - just called their dealing desk - they said the server is down, but the frustration is there's no notice on the site, and no support either phone or 'live'.....that's very poor service.

sydney 07:30 GMT August 4, 2004 Reply   
houston ken - get on the phone ASAP....

houston ken 07:24 GMT August 4, 2004 Reply   
my brokers platform has not been working the past 12 hrs is anybody having the same problem?

New York City pws 07:22 GMT August 4, 2004 Reply   
3 B's Balls, Brains, Bucks...if you dont have all 3 you are better off not participating in this or any of the markets.

LA GOLD 07:20 GMT August 4, 2004 Reply   
Moral of the story, if you cant be actively involevold in
the management of your funds, keep your money in a savings account, and live happy.

LA GOLD 07:16 GMT August 4, 2004 Reply   
revdax,10% only for the fund, not for the investor. raw deal for
the investor.

Bruxville Jim 07:13 GMT August 4, 2004 Reply   
hk revdax 07:10 GMT // There are such funds out there. But then suddenly in their sixth year they make a 50% drawdown...

hk revdax 07:10 GMT August 4, 2004 Reply   
cairo amgad 07:03//do you know a fx fund that has been generating at least 10% a year for the past 5 years?

cairo amgad 07:03 GMT August 4, 2004 Reply   
Bucharest N.D. 04:28 GMT August 4, 2004

all peoples here are friends and give you the good advice, if you put $500-$2000 to lose them then go on and anyone, however his experience is will make you lose since that amount would not profit enough for your and him 20% monthly for good mangers ($100-$400) which is not sufficient for any manger. Also, do not try it yourself, otherwise you will lose them faster, I DID THAT BEFORE.

YOU HAVE TWO OPTIONS:
1-) subscribe for reputable service which give you enter S/L T/P values (ask [email protected] for help)
2-) Raise your investement to $10000 and find yourself a manger that can run your account (managing fee 20%:30% of profit) (Also ask [email protected] for help)

I am honest with you( do not try it alone, you will lose as fast as you can not figure why you lose)

hk revdax 06:55 GMT August 4, 2004 Reply   
Los Angeles bernie 06:50//if you could make just 10% a year consistently for years, Citi bank would let you manage all the money you need.

Wien GD 06:53 GMT August 4, 2004 Reply   
Bucharest N.D. ... with that much funds I would suggest to deal with mini-forex ... standard-forex: your account might get closed within 1-3 days or even hours ... you can't buy a car with funds only for a bicycle .... agree: be careful, very careful ... rumors that 80% of non-commercials are losing money ... means 4 of 5!!!

Los Angeles bernie 06:50 GMT August 4, 2004 Reply   
ICTML -- i would think the person who needs a fund manager is the person who only has $500. If i'm rich, why can't i stay in the market with a 100 pip stop and win eventually...

LA GOLD 06:38 GMT August 4, 2004 Reply   
Jim, risk 1.3140 - 1.3060 max. reward 1.3330/80.
70/30 in favor of long $/cad. g/l. g/t.

LAhore RK 06:36 GMT August 4, 2004 Reply   
EURO/USD heading towards 11917 r1 12070 AND r2 12135

bUT IF BREAKS 12208 short term bottom is in and new high above 12460 can not be ruled out but IMVho euro is good short near 12110 and today and Friday are two minor turn cycle and any opinion from the other TradeR

GL/GT

SG DG 06:35 GMT August 4, 2004 Reply   
HI anyone have any fews on cable this week. ahead of tomorrow. thx DG

Bruxville Jim 06:30 GMT August 4, 2004 Reply   
LA GOLD 06:23 GMT // Could you characterize risk and potential reward here? 'Good' doesn't tell us much - is it 1.30 vs. 1.37 with 50% probability?

lahore eur/usd 06:26 GMT August 4, 2004 Reply   
eur/usd wants to break in this hour up to 1.1995

LA GOLD 06:23 GMT August 4, 2004 Reply   
Watch the cad take off now. Good r/r potencial.

ICT ML 05:59 GMT August 4, 2004 Reply   
got a 4 hr signal saying the last swing down on gbp-jpy ended after it bounced off the EMA200 again 20:00EST at 201.50, so maybe look for a bounce back to 204 resistance and cover any long intraday stuff there.
nothing is a sure thing though. Slight bias down for the month still.

hk ab lazy 05:54 GMT August 4, 2004 Reply   
OCO with limit at 1.2854 (50 wma).

ICT ML 05:53 GMT August 4, 2004 Reply   
Bucharest N.D. 04:28 GMT August 4, 2004
don't intend to offend you...but none of us are going to take on a $500-$2500 account. it is a complete waste of time and resources on our parts (fund managers).

But there are plenty of "buddies" out there in demo land that would jump at the chance to blow up I mean trade your account........be careful.

hk ab lazy 05:53 GMT August 4, 2004 Reply   
trail all dlr/chf slightly under 1.28. Don't like the double doji in daily....

hk ab lazy 05:43 GMT August 4, 2004 Reply   
Now we understand "how" those terror warnings are issued..... by pieces from 2-3 years ago!

We can have terror alerts daily right before Bush election....

jf// your told odas are now undertaking....

melbourne farmacia 05:26 GMT August 4, 2004 Reply   
hk ab lazy 04:46 GMT August 4, 2004
Well ab, been in & out seven times since monday.... the bias neutral approach.... flat at this hour.. GT

hk ab lazy 05:24 GMT August 4, 2004 Reply   
leave dlr/jpy short limit @112.30.

leave aud long .7

hk ab lazy 05:10 GMT August 4, 2004 Reply   
hong kong nt 04:02 GMT August 4, 2004
EUR -- see c9 unwinding ST long this morning, maybe it's time to test 1.212 in coming London session..


Where did they long? or actually they were stopped out? thanks nt.

New York City pws 05:04 GMT August 4, 2004 Reply   
Bucharest N.D. 04:28 GMT August 4, 2004

You can take a look at www.globalfxllc.com for your needs also...under the agency trading section you can get info on trader assisted trading, and matched if you are interested in opening an account without.

Singapore Sfx 05:04 GMT August 4, 2004 Reply   
Dr Q - If you dont mind my asking you abt the usdcad forecast ... - beyond what lvl on the downside wud u say this usdcad loses upside potential. Thanks.

Montréal Taro 04:56 GMT August 4, 2004 Reply   
Bucharest N.D. 04:28 GMT August 4, 2004

on the right hand side, in marketplace you'll find many brokers. You can communicate with the host [email protected] as well to have more info. Be carefull with managed account, a lot of scam out there, Jay might be some help about it.
You can ask him my email if you need more, I'll give my suggestion.

hk ab lazy 04:46 GMT August 4, 2004 Reply   
farmacia, I bet you have caught some gb long at 1.82....

Bucharest N.D. 04:28 GMT August 4, 2004 Reply   
I'm new to censored but i would like to open an trading account with an amount between 500 and 2500 USD and i would like to know if i'm able to find a broer to manage it.

I'm interested on a 3%-8% income monthly.

CA Clouy 04:27 GMT August 4, 2004 Reply   
Hi Dr. Q. I have a naive question here:

If I setup a short order based upon the daily circle, the quantized point is below the congested area, which one should be used as the better t/p? the quantized point? or the position around the congested area? TIA.

Indonesia Solo Raden Mas 04:15 GMT August 4, 2004 Reply   
LA fxnew 04:05 GMT August 4, 2004
I think danger band for gbp/usd at 1.8211 - 1.8186. in this area is waited by buyers.
sorry friends.. I must do something..let me say see you later.

Dallas GEP 04:09 GMT August 4, 2004 Reply   
WEll RADEN, quite frankly I never went short on the pair and I am still long looking for 1.3210. TP on gbp shorts @ 1.8215 ASK of course. NICE CALL BTW

Calabash TarHeel 04:08 GMT August 4, 2004 Reply   
Melbourne Qindex 04:00 GMT August 4, 2004
Hello Dr Q, always happy to see you here. Looking for 1.3370 myself.
Thanks and Good Luck

Indonesia Solo Raden Mas 04:05 GMT August 4, 2004 Reply   
Dallas GEP..
your usd/cad have touched 1.3154 and good respone from there until now.
have cut switched there?

LA fxnew 04:05 GMT August 4, 2004 Reply   
raden ...
what is your view on gbp/usd again?
after 11 is done :)

Thanks

hong kong nt 04:02 GMT August 4, 2004 Reply   
EUR -- see c9 unwinding ST long this morning, maybe it's time to test 1.212 in coming London session..

Melbourne Qindex 04:00 GMT August 4, 2004 Reply   
Melbourne Qindex 03:59 GMT August 4, 2004
USD/CAD : The first target is 1.3283 and the second target is 1.3408 on Thursday or Friday.

Indonesia Solo Raden Mas 03:58 GMT August 4, 2004 Reply   
good morning.

Dallas GEP...gbp/usd 1.8211 was done.

Calabash TarHeel 03:56 GMT August 4, 2004 Reply   
Dallas GEP 03:51 GMT August 4, 2004
That's not good. They can be expensive toys. Better luck in the future.

hk ab lazy 03:55 GMT August 4, 2004 Reply   
Laowen, it (the one with aud/jpy) accrues the interest and you pay it at monthly basis. So, as long as you caught the biggest move, it's fine.

Dallas GEP 03:54 GMT August 4, 2004 Reply   
IF and WHEN CAD moves long it will move VERY fast in a spurting fashion. It will generally move by itself or in tandem with EUR/CAD.

Dallas GEP 03:51 GMT August 4, 2004 Reply   
Tarheel, NO I haven't I blew the SOB engines up!!!

Dallas GEP 03:50 GMT August 4, 2004 Reply   
Initially TARGET 110.80 BUT beware that MACD STILL hasn't turned down so it IS possible to have some more longs come in. Making the ASSUMPTION that eur/usd will hold it's 1.1990 line tho, I would say for right now 111.40/50 would be potential top for now.

Calabash TarHeel 03:49 GMT August 4, 2004 Reply   
Dallas GEP 03:36 GMT August 4, 2004
Closed AUSSIE shorts at +30. Might short back down under FIG but I will bank the money NOW.

Don't blame you at all, my short filled before interest rate data, had a little higher price to work with, stop at +20 pips now. See if it might break .70 before I close it.
You been running your cigarette this summer?

Melbourne Qindex 03:48 GMT August 4, 2004 Reply   
USD/JPY : Current Comment.  Register with [email protected] if you have no access to my page.

Beijing Laowen 03:48 GMT August 4, 2004 Reply   
ab, thanks a lot. I usually day trade on hourly chart. I saw a double bottom on Aud/Yen hourly last night and Usd/Jpy was ard. 110.50 then, so I bought it. I have been curious for some time on your tading with Aud/Yen and found you had done great. I saw you usually collected Aud/Yen on the short side for some time and then gained a lot. Shorting Aud/Yen over time is expensive with regard to the rollover interest rate, as indicated by most platform's policies. I am curious if your platform has a different policy towards the overnight possies. I am aware some brokers like acm are using a different method dealing with the clients' o/n possies.

Goes (NL) B747 03:43 GMT August 4, 2004 Reply   
Dallas GEP 03:34 GMT August 4, 2004

what the target should be for the short USD/JPY?

tia & gt

Prague JV 03:38 GMT August 4, 2004 Reply   
trying sell eur/jpy 133.74 stop 133.92

CA Clouy 03:37 GMT August 4, 2004 Reply   
GEP, it is good to hear from you about the bearish view of usd/jpy.

GL & GT.

Dallas GEP 03:36 GMT August 4, 2004 Reply   
Closed AUSSIE shorts at +30. Might short back down under FIG but I will bank the money NOW.

hk ab lazy 03:36 GMT August 4, 2004 Reply   
jf// the pic looks to me, eur/chf sparks the start of all the runs.

viies// are you around?

Dallas GEP 03:34 GMT August 4, 2004 Reply   
On 30 minute chart, STOCH is now turning on USD/JPY If it continues to turn thenusd/jpy will short from 111.30 EVEN against the bullish candle pattren MACD hasn't truned down yet but LOOKS like it will as well

Calabash TarHeel 03:33 GMT August 4, 2004 Reply   
LA GOLD 03:16 GMT August 4, 2004
IFR, with $/cad heading higher, i doubt will see aud/$ @7140
personally long $/cad @1.3172. more likely scenorio aud/$
going to 6980/50.

IMHO .6970 prints before .7140
gl,gt

CA Clouy 03:32 GMT August 4, 2004 Reply   
Short usd/jpy @ 111.32, t/p 111.00, s/l 112.05. Hope this pair will not keep going up.

GL & GT

Goes (NL) B747 03:30 GMT August 4, 2004 Reply   
QC WC 03:22 GMT August 4, 2004

thank you and good luck to you!

gt

hk ab lazy 03:29 GMT August 4, 2004 Reply   
thanks SNP.

Dallas GEP 03:29 GMT August 4, 2004 Reply   
I agree with WC, candle pattern is VERY bulllish on USD/JPY shorts probably won't come into much play until 111.50 or higher. EURO also will NEED to hold or usd/jpy will break higher.

hk ab lazy 03:29 GMT August 4, 2004 Reply   
sar jf 03:26 GMT August 4, 2004
usdyen yest jgb auction 8.7 times oversubscribed coupon 1.9 % 10 years tht tells u all u need to know


Any interest to open short at high as your mentioned 112.5 yesterday?

LAX-LGB SNP 03:27 GMT August 4, 2004 Reply   
hk ab lazy 02:53 GMT August 4, 2004
50 wma @ 1.2067
if mkt can close below 1.20 this weekend it'll pretty much open up a lower trading range before month end

sar jf 03:26 GMT August 4, 2004 Reply   
usdyen yest jgb auction 8.7 times oversubscribed coupon 1.9 % 10 years tht tells u all u need to know

CA Clouy 03:23 GMT August 4, 2004 Reply   
Evening guys.

usd/jpy is rocking high now. 15 min chart shows o/b. Any view on shorting this pair? TIA.

cairo amgad 03:23 GMT August 4, 2004 Reply   
short USD/JPY at 111.31 S/L 111.75 T/P 110.42

QC WC 03:22 GMT August 4, 2004 Reply   
Above 111.50

Dallas GEP 03:21 GMT August 4, 2004 Reply   
Two possies left now...usd/cad longs AVERAGE 1.3175 which I will close at 1.3210 for +35 and AUSSIE shorts from .7060 which have trailing stop at .7040 but am trying for .6990.

Goes (NL) B747 03:19 GMT August 4, 2004 Reply   
QC WC 02:46 GMT August 4, 2004
Sold Usd/yen at 111.23


please inform the s/l for this position.

tia & gt

hk ab lazy 03:17 GMT August 4, 2004 Reply   
Laowen, jf made a good point yesterday.

eur/jpy, aud/jpy, chf/jpy are just unwinding in their long term charts.

To me, aud/jpy couldn't reached the right shoulder at 80.00 is a bearish signal for a huge SHS in the weekly.

If I were to play aud/jpy, I would short between 78.50-79.50 with stop above 80 to collect the huge fall in Sept and Oct.

Martin made a point, japs lost interest in buying uridish if it is above 80 and ONCE the oil retrace, Nikkei will slash up and kill those carry short term trades.

GL and GT but take with the freebies.

Dallas GEP 03:17 GMT August 4, 2004 Reply   
NP MHI,,,took profits on GBP/USD shorts from 1.8245 @ 1.8215 for 30 pips.... pound tho COULD see 1.8180. Aussie if it breaks THIS level probably will find support around .6990/95 level.

LA GOLD 03:16 GMT August 4, 2004 Reply   
IFR, with $/cad heading higher, i doubt will see aud/$ @7140
personally long $/cad @1.3172. more likely scenorio aud/$
going to 6980/50.

hk ab lazy 03:14 GMT August 4, 2004 Reply   
jf//I don't know how to thanks you :D

sar jf 03:00 GMT August 4, 2004

Beijing Laowen 03:13 GMT August 4, 2004 Reply   
ab, r u around? I appreciate your view on Aud/Yen. I some aud/yen last night @ 77.71 and closed @ 78.28 this morning because I see some resistence there. Would you think buying break out upside is OK? Thanks and gt

Brooklyn mhi 03:13 GMT August 4, 2004 Reply   
Ldon 03:07 GMT August 4, 2004
FWIW Ifr just went long Aud 7030
Will u please share with the forum your daily studies

Brooklyn mhi 03:12 GMT August 4, 2004 Reply   
Dallas GEP 03:04 GMT August 4, 2004
Thank you fro sharing this info. Also looks like its stopping to breathe @ 7026-7030

Ldon 03:07 GMT August 4, 2004 Reply   
FWIW Ifr just went long Aud 7030

Daily studies are swinging into buys
from oversold readings. Short-term the intraday studies were at highly overbought levels, so we bought the dip to 0.7030, as they unwound. Our target is just ahead of the high on 0.7140.

Ldn Viewer 03:05 GMT August 4, 2004 Reply   
Good call on 50 ma on EURUSD .. weekly close below 1.2070 again will be bearish .. NFP to play big part in that decision IMVHO ..

Dallas GEP 03:04 GMT August 4, 2004 Reply   
MHI .7040 I suppose that's where mine is now.

sar jf 03:03 GMT August 4, 2004 Reply   
ab -also dont play cad for now - this will be heavily manipulated and make no sense for little while

Singapore Sfx 03:02 GMT August 4, 2004 Reply   
jf - a bit of risk eurchf each weekend i guess? everyone seems to be talking abt the stale leads in this terror thing - but an alert is an alert is an alert ?

Brooklyn mhi 03:01 GMT August 4, 2004 Reply   
Dallas GEP I'like to move up my stop on aud/usd any suggestion

sar jf 03:00 GMT August 4, 2004 Reply   
ab eurchf i heard very large buyers ard at moment - i dont follow much but gd to add on dips - orders are 50 points lower but if doesnt come lower - they cud drive price alot higher - a higher base sees an aggressive move fwiw

Dallas GEP 02:58 GMT August 4, 2004 Reply   
Well I come back from eating, I see AUSSIE has done it's DUMPING routine like normal. GBP/USD shorts haven't limited YET @ 1.8215 but it looks promising, and usd/CAD hasn't really longed yet but will (target 1.3210)

Sydney gvm 02:58 GMT August 4, 2004 Reply   
hk ab lazy 02:53 GMT August 4, 2004 - I have 50wk ma @ 1.2066

sar jf 02:57 GMT August 4, 2004 Reply   
ab seems the usdyen leg has absorbed the selling next is euros turn just a matter of timing i think - but its a mkt so always 2 sides to every story

Melbourne Qindex 02:56 GMT August 4, 2004 Reply   
EUR/USD : It is attracted by the daily cycle quantized level at 1.2030.

hk ab lazy 02:53 GMT August 4, 2004 Reply   
SNP// Where is that weekly sma 50 now?

Brooklyn mhi 02:53 GMT August 4, 2004 Reply   
sydney 02:40 GMT August 4, 2004
:-) he may yet be proven correct

hk ab lazy 02:53 GMT August 4, 2004 Reply   
mkt dynamics get simple now.

jf// I think China and Asia are the only accounts selling dlr.
Once they give up, USD will fly till end of election.

Everyday we have Them guarding all the key points in the chart and at NY close, all the small fishes swimming with them leave and wait for their reentry.

So, going with this dynamics seems work v. fine.

fwiw, still holding.

short kiwi .6454
short aud .7046
long chf 1.26, 1.2640, 1.27,
long eurchf 1.5300, 1.5350.

dying to long cad but seems it needs some GUTS.

LAX-LGB SNP 02:52 GMT August 4, 2004 Reply   
eurusd is below weekly 50 ma second time this yr - it has never closed below since apr'02
if unsure step aside

QC WC 02:46 GMT August 4, 2004 Reply   
Sold Usd/yen at 111.23

Calabash TarHeel 02:44 GMT August 4, 2004 Reply   
Brooklyn mhi 02:26 GMT August 4, 2004
I think the USD bears may be getting a little tired and running low on ammo
Gl,Gt

sydney 02:40 GMT August 4, 2004 Reply   
Brooklyn mhi - ask martin, he knows.

KL KL 02:39 GMT August 4, 2004 Reply   
Well if that is all the retracement for eur, aud and gbp...could be ominious in london and ny trading tonight...again depending on the data out .

Brooklyn mhi 02:26 GMT August 4, 2004 Reply   
why all of a sudden dollar strength accros the board?

Calabash TarHeel 02:21 GMT August 4, 2004 Reply   
Looks like the $/Cad is getting primed to make one of its 150/200 pip moves before too long. IMHO.
Gl,Gt

Innisfail CY 02:21 GMT August 4, 2004 Reply   
usd/jpy very limitted short play .Price might comme back to 110.80 from 111.35 but it should be seen as only buyin opp.
IMO

Goes (NL) B747 02:09 GMT August 4, 2004 Reply   
Innisfail CY 01:29 GMT August 4, 2004

USD/JPY: any point to take short ?? (111.10/20 mayve)
tia for your opinion

gt

Melbourne Qindex 02:08 GMT August 4, 2004 Reply   
Melbourne Qindex 13:32 GMT August 1, 2004
USD/CAD (Weekly Cycle) : ............................... The pattern of my weekly cycle frequency chart suggests that the market has a tendency to trade between 1.3155 - 1.3408 and the mid-point reference is 1.3283 ..........................................

Calabash TarHeel 01:56 GMT August 4, 2004 Reply   
Dallas GEP 01:47 GMT August 4, 2004
Yep, but if and when it dumps, it dumps!
Gl,Gt

Dallas GEP 01:47 GMT August 4, 2004 Reply   
You know MHI, the AUSSIE is just that way it may screw around for hours before really moving.

Brooklyn mhi 01:41 GMT August 4, 2004 Reply   
Dallas gep
the aussie short is like pulling teeth!

Innisfail CY 01:29 GMT August 4, 2004 Reply   
Prague JV 10:56 GMT August 3, 2004
eur/usd not going anywhere , till eur and usd dont separete thereis moves from jpy . That is , what is .

Prague JV 12:09 GMT August 3, 2004
I will not be surprise to see eur/jpy cleen out 133.80 and usd/jpy to jump over 111.20 in very extraordinery fassion. imho.

Brooklyn mhi 01:28 GMT August 4, 2004 Reply   
nikkei broke 11000

Melbourne Qindex 01:19 GMT August 4, 2004 Reply   
Spot Gold : Current Comment.  Register with [email protected] if you have no access to my page.

Melbourne Qindex 01:06 GMT August 4, 2004 Reply   
Mla Evan 01:02 GMT - USD/JPY : Use my weekly cycle analysis for the time being.

Mla Evan 01:02 GMT August 4, 2004 Reply   
Qindex, how about Usd/Yen? Thanks again!

Melbourne Qindex 00:56 GMT August 4, 2004 Reply   
Mla Evan 00:32 GMT - GBP/USD : It is the same for this pair.


Melbourne Qindex 07:15 GMT August 3, 2004
GBP/USD : Daily Cycle Quantized Levels


... 1.8063* // (1.8095) - 1.8126* - 1.8158 - 1.8189* - 1.8221 - 1.8252* - 1.8284 // 1.8315 ...


A projected resistant level is positioning at 1.8275 - 1.8284. The critical level of my daily cycle is located at 1.8189 - 1.8252 and the key quantized level is expected at 1.8095. The odds are in favour of maintaining a short position.

Melbourne Qindex 00:54 GMT August 4, 2004 Reply   
Goes (NL) B747 00:26 GMT - I am just trying to remind viewers that Asian session is an over-lapping period in my system.

Gen dk 00:41 GMT August 4, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Mla Evan 00:32 GMT August 4, 2004 Reply   
Qindex, how about GBP? TIA

Goes (NL) B747 00:26 GMT August 4, 2004 Reply   
Good morning Dr. Q,

"Melbourne Qindex 00:11 GMT August 4, 2004" is not in your forum, is the message really from you ??

tia & gt

Dallas GEP 00:19 GMT August 4, 2004 Reply   
HA!!! I am alwys getting screwed on the feed. This time I took .7060 on my platform when evrybodu else's feed was .7055. That's 1 for me and about 99 for THEM!!!!

BTW,,,there is it seems a very close correaltion between AUS/USD and USD/CAD. Aussie moves short and CAD will normally long and vice versa.

Brooklyn mhi 00:17 GMT August 4, 2004 Reply   
gep market on ask only not bid maybe you were luckier with your broker

Dallas GEP 00:15 GMT August 4, 2004 Reply   
Screw it..AUSSIE short @ .7060

Melbourne Qindex 00:11 GMT August 4, 2004 Reply   
EUR/USD : The following is still good in the Asian session. The mid-point reference of 1.2062 // 1.2094 is 1.2078.


Melbourne Qindex 02:32 GMT August 3, 2004
EUR/USD : Daily Cycle Quantized Levels


... 1.1872* // 1.1904 - 1.1936* - 1.1967 - 1.1998* - (1.2030) - 1.2062 // 1.2094 - 1.2126* ...


The market is likely to trade between 1.1936 - 1.2062 before the New York session.

houston st 00:10 GMT August 4, 2004 Reply   
GEP -- scroll down....

Dallas GEP 00:10 GMT August 4, 2004 Reply   
Isn't the BOA rate decision OUT?????????

Dallas GEP 00:06 GMT August 4, 2004 Reply   
I have a .7070 sell order on AUSSIE waiting with .7095 stop.....not sure it will work but worth a try IMO. could net 80 pips or lose 25.

Brooklyn mhi 00:04 GMT August 4, 2004 Reply   
now they r just taking out stops

 




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Retail Forex Brokerage Changing!

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

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

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

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

SEE Our Best Brokers List

Currency Trading Tools

  • Live rates, currency news, fx charts. 

  • Research reports and currency forecasts.

  • Foreign Exchange database and history.

  • Weekly economic calendar.

Directory of  Forex trading tools

 
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Forex Forum

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

Forex News

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

Currency Trading

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

Forex Brokers

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

Forex Trading

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

FX Trading

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

Forex Blog

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

 

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