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Forex Forum Archive for 08/10/2004

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CA Clouy 23:59 GMT August 10, 2004 Reply   
Dr. Q. Is it possible to have the range on eur/usd for the coming asia session, please? TIA.

hk ab 23:45 GMT August 10, 2004 Reply   
GL, have a whole day meeting, see ya all Tokyo Lunch.

Melbourne Qindex 23:44 GMT August 10, 2004 Reply   
hk ab 23:38 GMT - Good morning! Thank you for the compliment. GBP/USD and Spot Gold were the first two to reach their recent high on Friday and EUR/USD and EUR/JPY were the last two among the majors and their crosses.

hk ab 23:39 GMT August 10, 2004 Reply   
another failing day for aud/jpy 79.50....fwiw.

hk ab 23:38 GMT August 10, 2004 Reply   
btw, credits must be given to Dr. Q on the day high yesterdsay for eur/jpy....

Gen dk 23:35 GMT August 10, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

hk ab 23:28 GMT August 10, 2004 Reply   
QDN: Quack Down Noise level....

Brooklyn mhi 23:26 GMT August 10, 2004 Reply   
GVI john 21:29 GMT August 10, 2004
Is this in the oil pumping region of the Gulf of Mexico?

Ldn 23:25 GMT August 10, 2004 Reply   
Option expiring later today in NY & Tky.
AUD 0.7200(lge)
AUD 0.7175

Wien GD 23:24 GMT August 10, 2004 Reply   
ab: QDN?

Wien GD 23:22 GMT August 10, 2004 Reply   
Ldn: which fxnews?

hk ab 23:21 GMT August 10, 2004 Reply   
LDN//Gd morning.
Is this your daily piece?
be careful not to spook the QDN....

Have a nice trade.

Livingston nh 23:19 GMT August 10, 2004 Reply   
GD - Thanx - the fundamentals of the JPY movements have always confused me

Ldn 23:14 GMT August 10, 2004 Reply   
USD bounce after Fed rate hike "looks unconvincing," says Bank of NZ currency strategist Sue Trinh. Says market will want so see more evidence to support Fed's confidence US economy still on track; "the Fed is banking on growth to pick up in the U.S. in the second half of the year, but we need to see that in the data to be convinced." Expects EUR/USD to test 1.25 over next month
fxnews...

Wien GD 23:04 GMT August 10, 2004 Reply   
PB: GEP was here ... still posting ... yesterday ... already missed his comments today.

Wien GD 23:01 GMT August 10, 2004 Reply   
nh: would consider this snippet from other board ... USD/JPY holds at 111.35/40 into early Sydney with the USD/JPY gains
stalling as EUR/JPY slips gradually lower on a market caught long. Model funds, macro funds, and CTAs have all been buyers of this cross the last two sessions and with the EUR/USD now looking heavy, some are expected to take profit on the cross, helping to cap USD/JPY.
Another factor likely to cap USD/JPY is a possible Nikkei rebound. The DJIA posting triple digit gains, and with "official" price-keeping-operations noted in Japanese stocks in recent days, a bounce in the Nikkei appears likely that
will also limit JPY weakness. Traders also report strong interest to hedge USD coupon payments coming due on US bonds that will add to selling pressure. USD/JPY offers are seen from 111.80 and higher with exporter interest to sell
strong at 112.00. Support remains at 110.55/60. A couple of large USD/JPY options are due Wednesday which could attract price action with strikes at 110.50 & 111.00

Livingston nh 22:52 GMT August 10, 2004 Reply   
Wien GD - fwiw - EUR is perched on the 200 dma - a 3rd down day would make the charts look a lot like last months spike - I'm watching 1.2180 as a target tonight // JPY did not close under 21 dma despite the US jobs figure and watching for a move towards 112 tonight // I'm long (and wrong) on USD/CAD - think this will break the 21 dma tonight and lead any further USD strength -- a test of the 200 dma and a break above 1.34 is necessary if the US rally has any legs -- a break in the CAD below 1.31 would be negative

vancouver PB 22:52 GMT August 10, 2004 Reply   
Well, its been a long time......

since I stopped by this message board. How's everyone been. Is Dallas GEP and Raden still posting?

I had to take a break from forex, pulled all my accounts and dumped them into light sweet crude. YEAH SO THAT WORKED OUT FOR ME.

So i'm back, and what a day to come back, FOMC raises rates the euro takes a dip. I love easy money.

Well, GL & GT


hk ab 22:50 GMT August 10, 2004 Reply   
fed= fib

Wien GD 22:40 GMT August 10, 2004 Reply   
How low do you/anybody expect EUR/USD will go ... would you agree that we have seen the highs (for the next hours) in USD/JPY and USD/CAD?

hk ab 22:39 GMT August 10, 2004 Reply   
My comment is still the same.
wait till some fed between last Fri and yesterday high hit before you SELL USD if you are a bear......
don't rush, don't rush.

fwiw, eur outside day reversal.

Sydney gvm 21:56 GMT August 10, 2004 Reply   
Thx John

GVI john 21:29 GMT August 10, 2004 Reply   
Evacuations precautionary because of a tropical storm in the Gulf of Mexico.

Gen dk 21:27 GMT August 10, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Sydney gvm 21:21 GMT August 10, 2004 Reply   
br 21:04 is this a recent announcement on BP ? Any reason stated for the evacuation? TIA

Va Raven 21:19 GMT August 10, 2004 Reply   
Reasonably fine, Uncle TarHeel, thanks.

Bruxville Jim 21:17 GMT August 10, 2004 Reply   
Bottom line of over-leveraging: there is no point of putting on a very risky trade that adds 100% to one's deposit if the next such trade wipes out 100% of the deposit... The net result is then that instead of earning abnormal returns you can't even break-even - because you can't open a possie...

Calabash TarHeel 21:13 GMT August 10, 2004 Reply   
Va Raven 21:04 GMT August 10, 2004
Raven, where ya been lad? Trust all is well with you.
Take Care!

br 21:04 GMT August 10, 2004 Reply   
BP Evacuates 1200 Rig Workers From East, Central US Gulf

Va Raven 21:04 GMT August 10, 2004 Reply   
Words of wisdom, well put!

Global-View 20:56 GMT August 10, 2004 Reply   
The shakeout is constant. Jay Meisler, a partner in Global-View.com, says one problem of trading with too-high leverage is that one piece of surprise news can wipe out one's capital. "Those who treat forex trading as if they were in a casino will see the same long-term results as when they go to Las Vegas," he says, adding: "If you treat forex trading like a business, including proper money management, you have a better chance of success."...From "Making Money Off Money," Newsweek International, March 15 issue

London e 20:56 GMT August 10, 2004 Reply   
Dreaming is good. Only problem is when you wake up!

London chippie 20:55 GMT August 10, 2004 Reply   
e// when i started ...i read books , analysed time ,dates ,highs,lows....even checked to see if a full moon was out .........today....i bang open the weekly chart see which way the trend is going ...set my stop n limit and leave it for three weeks ..........making more now than i did then!

Melbourne Qindex 20:55 GMT August 10, 2004 Reply   
Melbourne Qindex 14:55 GMT August 10, 2004
EUR/USD : Daily Cycle Quantized Levels


... 1.2228* // 1.2251 - 1.2274* - 1.2298 - 1.2321* - 1.2344 // 1.2367* ...



Melbourne Qindex 02:55 GMT August 10, 2004
EUR/USD : The market has a tendency to trade between 1.2242 - 1.2279 initially in Asian session.


Melbourne Qindex 02:46 GMT August 10, 2004
EUR/USD : The current expected trading range from my weekly cycle is 1.2252 - 1.2309. The odds are good that the market will tackle the barrier at 1.2202 later today. The next targeting level is 1.2080 - 1.2137.

Melbourne Qindex 02:17 GMT August 10, 2004
GBP/USD : My daily cycle charts indicate that the market is going to consolidate initially between 1.8394 - 1.8425 in Asian session. It is going to tackle 1.8332 later today.

Melbourne Qindex 02:09 GMT August 10, 2004
GBP/USD : The current expected trading range from my weekly cycle is 1.8373 - 1.8439. The market has a good potential to tackle the barrier at 1.8308 - 1.8321. If the market momentum is strong enough to penetrate through 1.8308, the next targeting range is 1.8176 - 1.8242.

Melbourne Qindex 01:29 GMT August 10, 2004
USD/CHF : My daily cycle charts indicate that a projected supporting point is located at 1.2504 and the market has a tendency to trade between 1.2536 - 1.2663.

Melbourne Qindex 01:18 GMT August 10, 2004
USD/CHF : The current expected trading range from my weekly cycle is 1.2514 - 1.2582. After consolidation the market is ready to head for 1.2716.

Melbourne Qindex 00:29 GMT August 10, 2004
USD/CAD : My daily cycle charts indicate that 1.3148 is a supporting point and the market is ready to tackle the barrier at 1.3195 - 1.3222.

Melbourne Qindex 00:21 GMT August 10, 2004
USD/CAD : As shown in my weekly cycle charts the market is vibrating around the quantized level at 1.3141 with an expected magnitude of 1.3110 - 1.3172. The market will head for the barrier at 1.3203 - 1.3217. If the market is strong enough to penetrate through the projected resistance at 1.3217, the upper barrier at 1.3361 // 1.3392 is going to be challenged later this week.

Melbourne Qindex 23:58 GMT August 9, 2004
AUD/USD : My daily cycle charts indicate that a projected resistant level has been established at 0.7157 - 0.7166. Speculative selling will increase if the market can penetrate through the barrier at 0.7107 - 0.7112.


Melbourne Qindex 23:55 GMT August 9, 2004
AUD/USD : My daily cycle charts indicate that a projected resistant level has been established at 0.7157 - 0.7166. Speculative selling will increase if the market can penetrate through the barrier at 0.7112 - 0.7116.

Melbourne Qindex 23:46 GMT August 9, 2004
AUD/USD : As shown in my weekly cycle charts the market is vibrating around the quantized level at 0.7144 with an expected magnitude of 0.7111 - 0.7178 which is the mid-point reference of 0.7077 - 0.7211. The odds are in favour of taking short position.

Bruxville Jim 20:53 GMT August 10, 2004 Reply   
Briefly, for the sake of clarity - money management = trading on small margin (1:5-1:10) and using stops. There's not much more to it. imho.
A true example from last Friday - an account of 1.5 mio was carrying an euro possie of 75 mio. Unfortunately, just seconds after 12.30 gmt 1 mio was missing there...
There were plenty of traders that got washed out by margin calls when market gapped on NFP data...

houston st 20:51 GMT August 10, 2004 Reply   
Boca Raton 20:43 GMT -- thought he had a stop in @ 136.15 at one time...is that not the case? gl/gt.

Edmonton, Canada Mike 20:49 GMT August 10, 2004 Reply   
hi guys i am new to forex, i just reading some your chat...

I'm the son of a gambling enterperner in debt up to his ears, he has made alot of money (millions) in his day, hes in capter 11.
all said and done he always told me, the reason why he takes so many BIG chances, is so he can dream.

Thats why i play the stock market, and now the forex. just so i can dream too. i hope that makes sense to you guys.

Boca Raton 20:43 GMT August 10, 2004 Reply   
Dallas GEP WHERE ARE YOU?


My offer still stands. Did you sell even more Eur/JPY? How's it looking on your great risk management system now?

London e 20:39 GMT August 10, 2004 Reply   
I mean indicators are like "complex derivatives" of the price chart. Thats why I do my analysis directly on the price chart.

Edmonton, Canada Mike 20:39 GMT August 10, 2004 Reply   
thanks man, you rock!

London e 20:37 GMT August 10, 2004 Reply   
Edmonton, Canada Mike 20:33 GMT August 10, 2004
Hi, I don't use any indicators anymore. In my opinion indicators drag after the price, not predict it. I use chart patterns. Having said that some people trade profitably with MACD with other indicators.

UAE Oil man 20:35 GMT August 10, 2004 Reply   
loosing series are normal, look for your optimal money management setup and improve..

Edmonton, Canada Mike 20:33 GMT August 10, 2004 Reply   
Thanks London, for that broker adivce, i'm really starting to like C'M'C. in canada it's call the "shorcan index" anyway i have a Q" for you and the others:

What Indicator is most used and preferd by traders?

I seem to favor MACD.
Thanks.

UAE Oil man 20:31 GMT August 10, 2004 Reply   
The learning process is constant, and the problem is that one needs coins to play.
However I guess the more wipes before you is the less chance of getting the same ones again, until offcourse the moment the new type of wipes happen (like friday must have burned lots of people..who never saw a gap...and weren't prepared for 'the worst'.)...always prepare the worst, every trade you enter consider it as a looser..and order entry is not even important, even a simple random entry system with rigid money management stop system is able to break even on few years datas, oftenly even making money(...

London e 20:27 GMT August 10, 2004 Reply   
Im been working day and night on a very complex neural system that Ive had for 22 years now. It is a very difficult system to deal with, takes a huge amount of power and is very expensive to keep running. Sometimes its logic goes up the wall too. After working hard on it Ive just got it into profitability over the past 2 months.

nyc tony 20:25 GMT August 10, 2004 Reply   
Chippie//

My personal beliefs are that most traders, new ones definitely, expect too much from this market. You can't use a "jedi mind trick" to move this market and all analysis is fundamentally flawed (meaning it's proven to be wrong a substantial percent). If you set very realistic goals ie think about a percent return on your account you have a shot. However, most traders think about big $$$$ when trading and are doomed.

Buffet once said he treats trading like a punch card with only so many trades available in a lifetime. That was regarding equity but the lesson is invaluable none the less.

Now I am definitely out of here.

London chippie 20:19 GMT August 10, 2004 Reply   
jim ..haha ....not pes ..started fx in 1999 ....and know what an animale it can be....still learning...still looking for that perfect trade that will bring the banks to thier knees!

B.A. BOCA 20:17 GMT August 10, 2004 Reply   
chippie// my feelings on this is that if you are an individual, unless you have direct experience (having worked a desk, etc) or you for some reason you are a trading genuis (proven, not supposed) then it is better to leave fx alone. the odds against you are huge, and the learning curve leads staight to the ground for most people.

better to learn how to kitesurf..

Bruxville Jim 20:08 GMT August 10, 2004 Reply   
For a very short term - a retest of 1.83 is likely, with a potential break marginally above to collect some stops, then going back toward 1.8250. this would be traditional for cable. imho.

Bruxville Jim 20:06 GMT August 10, 2004 Reply   
London chippie 20:02 GMT // You sound verrry pessimistic...

manila stubbs 20:03 GMT August 10, 2004 Reply   
Gibraltar PW 19:57 GMT August 10, 2004
i actually do agree with you. i see gbp heading towards 1.7600 and eur to 1.1850 before targetting 2 and 1.3000. however, on a shorter term view, i think we will see a rise first before diving. anyway, thank you for your advice. im going to sleep now.

London chippie 20:02 GMT August 10, 2004 Reply   
just out of curiosity --- any private individuals reaping any benefit out of fx.....????

manila stubbs 20:00 GMT August 10, 2004 Reply   
cairo AG - wow! 4 years? its amazing you were able to keep fighting for that long. i really hope that i dont have to go through that. thank you for your advice.

wisconsin tim - i understand what you mean. personally i like a 3:1 ratio. ive been day trading, so maybe i should try my hand at position trading and have large stops instead - which means i dont have to stare at the quotes all day. i suppose its my entry and stop loss that i need to work on. im pretty sure i get the hang of long term and intermediate trends. thanks for taking the time to help me out buddy. im gonna pass out now. see you all tomorrow.

Gibraltar PW 19:57 GMT August 10, 2004 Reply   
manila stubbs
Trade smaller amounts when u r taking hits, & or take some time off and enjoy the sunshine. Don't rush to make it back . Relax its only a job, and just think you're winners are always in front of you.
Wait and see if you are right , without having a possie if u keep selling dollars and losing. Personally i think we see 1.1850 eur$ and 1.7850 cable before 1.30 and 2.0 respectively. Anyway it doesnt matter cos a break of 1.2465 and 1.8765 confirms thats we're we are likely heading next and thus still loads of pips so don't waste loads of money fighting the current wide ranging mkt.
EW analysis works for me and it seems that too many majors stopped ard the 61.8 retrace lvls of teh last months dollar rally, so im betting at a min we see teh aforementioned lvls first.

Gd luck

Goes (NL) B747 19:51 GMT August 10, 2004 Reply   
bottom line of FX trading...daily basis:

USD 400'000'000 per trading day goes to the kind people who sell the FX trade/platform for 2/3/4/5/6/7/8/10 pips per trade...now think again about suing someone who makes USD 400M a day ... !!!

gt

wisconsin tim 19:49 GMT August 10, 2004 Reply   
manilla -- i guess i just like to see myself post but here are my last thoughts and would love to hear other people's comments once it slows again.

Learn how to manage your risk/reward.

an example (easy to show without using a graph with trendlines usually for stop points i use pivots/trendlines not last major low as in this example):

if you think EUR/USD is a buy here (buy on dips or indicator etc).

Figure out the price that would make your indicator/analysis signal invalid.

again not one i'd necessarily condone or use:
buying EUR/USD at 1.2230 if it gets below 1.1960 i know my analysis is wrong since we took out a low.

That represents 270 pips now how much capital is in my account, let's say 10k

you could take 1 - 10,000 contracts (mini) for a 2.7% risk profile on the trade. Now you figure out what reward you can hopefully attain. Since we are range bound you figure it can go to 1.2450 which is 220 pips away. Then figure out if you are willing to risk 270 to get 220. If I would have less that 10k in my account this is a trade I would be unable to take action on since the risk to my capital would be too great.

CAIRO AG 19:44 GMT August 10, 2004 Reply   
manila// I lost for 3-4 years, ... my account went to ZERO SEVERAL TIMES... and we re talking here descent amounts not small... at least for myself ( some times 400K ).... DIDNT START MAKING MONEY EXCEPT WITH: MONEY MANAGEMENT... for me .. thats the name of the game; U have an account of 100k, u long/ short 2 lots say ONLY... WETHER I PLACE A STOP ( WHICH I DO ) OR NOT.. IT SHOULD BE OK... I PLACE WIDE STOPS AS WELL AS WIDE TARGETS.... AND I STOPPED STAYING INFRONT OF THE QUOTES ALL TIME!!!!! GOOD LUCK

manila stubbs 19:31 GMT August 10, 2004 Reply   
thx nyc tony

manila stubbs 19:30 GMT August 10, 2004 Reply   
houston ken 19:26 GMT August 10, 2004
my long term view is bullish usd. but for now, i think we will see euro head to 1.2400 at least this week. thats what my indicators are telling me. so the question is whether i should listen to it or not, because for the past 2 weeks ive been losing - which is making me lose faith in my system.

nyc tony 19:27 GMT August 10, 2004 Reply   
fwiw here is something to try:

Slow down and don't think about making back what you lost.
Take each trade as an individual opprotunity and treat it independently
Go to some very basics ie trend lines and fibo's
Look at the looooooong term trends first and then get an idea and "zoom in" from there.


lol i am at this computer too much today. need to get out of here

wisconsin tim 19:26 GMT August 10, 2004 Reply   
btw closed all positions for small profit gonna wait till the tidal waves are over

houston ken 19:26 GMT August 10, 2004 Reply   
like now indicator is telling me to buy euro for short term not long

London e 19:26 GMT August 10, 2004 Reply   
manila stubbs 19:21 GMT August 10, 2004
IMO. I gave up using stoch, MACD etc. In my opinion they just follow the price. EW can be very good but also very subjective. I use chart patterns now - my own. By the way my two small losses on GBP/USD I just posted were instinct trades. :-)

wisconsin tim 19:26 GMT August 10, 2004 Reply   
yeah i had a nasty one ... took my forex account to 0 a few times.

Quit trading for awhile and go back and study the reasons for your trades and what happened ... did you wait for confirms, did you follow all of your signals, any particular pairs better/worse, is your system valid, why did i place stops where i did, why did i enter where i did, were the reasons for the trade valid or seat of the pants etc, etc ...

then sloowwly work your way back. Trade only those pairs that you had a better winning percentage with. Trade less and do absolutely no discretionary trades. It sucks and takes a long time but eventually you will feel confident in your system/knowledge or you will quit and hand your money to a manager.

You must treat it like a FT endeavor, like starting a new business, the hours suck but in the end if you manage yourself you will find you don't need to spend every waking minute on your trading.

houston ken 19:25 GMT August 10, 2004 Reply   
you have to stay away from the market for now because the market is looking for direction wait till there is a clear direction only very experince traders can trade this market now because it is consolidating

pd cumino 19:24 GMT August 10, 2004 Reply   
Stubbs. Far better istinct than the other things mentioned

Gen dk 19:23 GMT August 10, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

manila stubbs 19:22 GMT August 10, 2004 Reply   
of course these indicators are subject to interpretation or 'feel' of the market - i guess thats what i mean by instinct

manila stubbs 19:21 GMT August 10, 2004 Reply   
apart from instinct, ive been trying out EW, bollinger bands, stochs, and MACD. ive been trading for 4 months and things were doing ok for me, then the last 2 weeks feels like ive been jinxed.

London 19:19 GMT August 10, 2004 Reply   
houston ken 19:17 GMT August 10, 2004
Advice is not to go by instinct.

houston ken 19:17 GMT August 10, 2004 Reply   
manilla what indicators do you use in trading i hope it is not only insitinct?

manila stubbs 19:14 GMT August 10, 2004 Reply   
to everyone who post here frequently, have you ever experienced a losing streak? i mean a reeeeeeeeal losing streak? can you share some advise on this matter? lately, i go with my instincts and im wrong, so i try to go against my instinct, and when i do, im wrong again. its been a real pain in the @ss.

Gen dk 19:13 GMT August 10, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

perrie como 19:11 GMT August 10, 2004 Reply   
sf tg...agree on imp exp but not helping to counter inflation risks...wait for much higher commodities next year and a half as well for higher short term rates at least...

by september the market will move sharply

for now is side squeezing mode

Oakland daimyo 19:04 GMT August 10, 2004 Reply   
Did not move my original limits (1.2235) fast enough. Out EUR/USD from 1.2295 +60 however, I'm looking to re-enter short as I believe we might have enough to start weekly move now that daily is done.

London e 19:02 GMT August 10, 2004 Reply   
Trying buy GBP/USD in SMALL again with stop at 1.829. v small.

KL KL 19:01 GMT August 10, 2004 Reply   
time to sleep ...set limit buy eurusd at 1.2160 and gbpusd at 1.8230....set sell usdjpy 112....zzzzz g'nite

taiwan jd 19:01 GMT August 10, 2004 Reply   
http://hedgefundmgr.blogspot.com has an interesting U.S. political odds board...good stock links/commentary too...any1 know a good commodity site?

London e 18:59 GMT August 10, 2004 Reply   
nyc tony 18:50 GMT August 10, 2004
Not so good at taking profits (too early). Im out of GBP/USD now. I think Ill keep my profit now. Good trades.

wisconsin tim 18:57 GMT August 10, 2004 Reply   
well stops enters just got hit sold:

aud: 7117 s/l above 7160 tp below 7040
eur: 1.2245 s/l above 1.2290 tp below 1.2180

Gen dk 18:54 GMT August 10, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Bruxville Jim 18:54 GMT August 10, 2004 Reply   
Seems someone is going to take them out

Bruxville Jim 18:53 GMT August 10, 2004 Reply   
Large stops reported below 1.83...

Bruxville Jim 18:52 GMT August 10, 2004 Reply   
prague viktor 18:49 GMT // Yeah, the FOMC statement is a piece of art... Unexpectedly, the focus is on options No. 2 and 3 of our small vote:)

Oakland daimyo 18:51 GMT August 10, 2004 Reply   
Pecs Andras 18:45 GMT August 10, 2004
S/R @ 1.2325

London e 18:51 GMT August 10, 2004 Reply   
Buying small GBP/USD here with 10 pip stop at 1.83. SMALL.

nyc tony 18:50 GMT August 10, 2004 Reply   
nice job "e". very nice trade

prague viktor 18:49 GMT August 10, 2004 Reply   
Bruxville Jim:its seems we are going to close below the 1,225 G/L

London e 18:47 GMT August 10, 2004 Reply   
"London e 14:48 GMT August 10, 2004
Bought more USD/CHF at 1.2498, 10 pip stop at 1.2488. "

Take profit here. Thanks

SanFrancisco tg 18:47 GMT August 10, 2004 Reply   
ab - there is a counter measure for everything. The weak dollar has amounted to a buffer in general for US corporations against weakness in production, effect of import/export, is serving to rebalance some inequities in import/export conditions going back a decade, and has helped counter the risks of inflation perhaps.

Tallinn viies 18:46 GMT August 10, 2004 Reply   
good evening guys n girls

so, everything as we thought.
except, Geneva DC probably sold at 1,2316 and now THEY are short.

Pecs Andras 18:45 GMT August 10, 2004 Reply   
Oakland daimyo 18:42 GMT August 10, 2004
What is your stop for your eur short, if i may ask?

USA Biscuit Boy 18:45 GMT August 10, 2004 Reply   
Not stopped out yet. Going in I expected eur/usd to either gain 50 pips, or lose 50 pips and come back in the next sessions. If it does not come back I will give it back.

KL KL 18:44 GMT August 10, 2004 Reply   
USA Biscuit Boy, this looks like non - event, off we go to thursday for more data and interpretation of FOMC....I suppose big boys yawning now at this decisions...LOL

Oakland daimyo 18:42 GMT August 10, 2004 Reply   
I forgot to add......hk ab 18:36 GMT August 10, 2004

Oakland daimyo 18:41 GMT August 10, 2004 Reply   
Nothing dangerous about it. Stick to the technicals and order flow assumptions. EUR/USD shorts in place, c-ya 1.2181 weekly pivot.

Bruxville Jim 18:39 GMT August 10, 2004 Reply   
BBoy, hope you got stopped out safely...

Goes (NL) B747 18:38 GMT August 10, 2004 Reply   
the best thing the FED got on their side is BOJ


gt

USA Biscuit Boy 18:38 GMT August 10, 2004 Reply   
Yes AB when you gamble you have to accept you will lose some of the time. Eur/usd not going anywhere. Time to sit and wait again.

hk ab 18:36 GMT August 10, 2004 Reply   
BB// betting in front of data is dangerous. GL.

QC WC 18:31 GMT August 10, 2004 Reply   
Faramcia, are you still long GBP? Where is your stop?

hk ab 18:30 GMT August 10, 2004 Reply   
phew...
place trail stop on dlr/cad few hrs ago.

nyc tony 18:28 GMT August 10, 2004 Reply   
"US econ collapse"?? LOL

I love how foreign traders love to delude themselves with that reassuring mantra.

Goes (NL) B747 18:26 GMT August 10, 2004 Reply   
Chicago JMI 18:25 GMT August 10, 2004

but trading may make the dollars you have; dollars you had

:-) gt

hk ab 18:26 GMT August 10, 2004 Reply   
leave limit buy eur 1.2200 and sleep, gl everyone.

Chicago JMI 18:25 GMT August 10, 2004 Reply   
If I had a dollar for everytime someone predicted that the US economy will collapse, I wouldn't need to trade.

hk ab 18:24 GMT August 10, 2004 Reply   
outside day reversal on dlr/chf eyed?

hk ab 18:23 GMT August 10, 2004 Reply   
tg//agree that we need more document to support the view.

BUT, weak USD--> more out flows + bigger imports burden--> eventually, US econ. collapse.

In Chinese, we have, there's a turn for everything.
It's now their turn to hike.

Bruxville Jim 18:22 GMT August 10, 2004 Reply   
houston ken 18:18 GMT // Check your clock...

hk ab 18:21 GMT August 10, 2004 Reply   
ken// No rate hike in your dream....

Next FOMC looks likely to continue...unless another 911.

hk ab 18:20 GMT August 10, 2004 Reply   
dlr/jpy got crazy.

hk ab 18:19 GMT August 10, 2004 Reply   
Greensy suprised us to cut 0.5 in 2002, now he amazed us to the upside.

Dr. Q, hats off on your view in our last dinner.

Global-View 18:18 GMT August 10, 2004 Reply   
GVI 18:16 GMT August 10, 2004
For immediate release

The Federal Open Market Committee decided today to raise its target for the federal funds rate by 25 basis points to 1-1/2 percent.

The Committee believes that, even after this action, the stance of monetary policy remains accommodative and, coupled with robust underlying growth in productivity, is providing ongoing support to economic activity. In recent months, output growth has moderated and the pace of improvement in labor market conditions has slowed. This softness likely owes importantly to the substantial rise in energy prices. The economy nevertheless appears poised to resume a stronger pace of expansion going forward. Inflation has been somewhat elevated this year, though a portion of the rise in prices seems to reflect transitory factors.

The Committee perceives the upside and downside risks to the attainment of both sustainable growth and price stability for the next few quarters are roughly equal. With underlying inflation still expected to be relatively low, the Committee believes that policy accommodation can be removed at a pace that is likely to be measured. Nonetheless, the Committee will respond to changes in economic prospects as needed to fulfill its obligation to maintain price stability.

houston ken 18:18 GMT August 10, 2004 Reply   
what if there is no rate hike ? i feel sorry for the $

Pecs Andras 18:17 GMT August 10, 2004 Reply   
[FOMC: FF target +25 BPs to 1.5%] in unanimous vote. Statement keeps "measured," says policy is still accommodative, "output growth has moderated and the pace of improvement in labor mkt conditions has slowed. This softness likely owes importantly to the substantial rise in energy prices. The economy nevertheless appears poised to resume a stronger pace of expansion going forward." - Risks: roughly equal for up/down in growth and prices. "Underlying inflation still expected to be relatively low," and elevation is transitory. - DR also was hiked 25 BPs to 2.5%. 08/10 14:15

hk ab 18:16 GMT August 10, 2004 Reply   
still "lying" positively.

Bruxville Jim 18:15 GMT August 10, 2004 Reply   
25bp

hk ab 18:15 GMT August 10, 2004 Reply   
ok, .25

GENEVA FHR 18:15 GMT August 10, 2004 Reply   
+ 0.25

ljubljana lj 18:14 GMT August 10, 2004 Reply   
there will be no hike. bet?

San Diego bobl 18:14 GMT August 10, 2004 Reply   
stops to buy 1.2323 euro/usd....S/L for me is 1.2277

hk ab 18:12 GMT August 10, 2004 Reply   
new bet
hike .5?

USA Biscuit Boy 18:09 GMT August 10, 2004 Reply   
Bought eur/usd at 1.2304.

Beijing Laowen 18:07 GMT August 10, 2004 Reply   
Close above 1.2300. Seems Eur/Chf is a buy.

Bruxville Jim 18:06 GMT August 10, 2004 Reply   
I'd say close round 1.2330 is likely... just a guess... No, a vote!

Zaporozhye, UA Nemo 18:06 GMT August 10, 2004 Reply   
Vote - 3!

prague viktor 18:05 GMT August 10, 2004 Reply   
below 1.2250

manila stubbs 18:04 GMT August 10, 2004 Reply   
above 1.2300!

hk ab 18:04 GMT August 10, 2004 Reply   
Jim// option "0" close above 1.2350 today.....

bit sleepy.

Bruxville Jim 18:02 GMT August 10, 2004 Reply   
Got an idea - let's vote! Options:
1) close above 1.2300 today
2) close between 1.2250-1.2300
3) close below 1.2250
The system is now ready to collect your votes!

Bruxville Jim 17:48 GMT August 10, 2004 Reply   
hk ab lazy 16:43 GMT // QDN breaking into negative territory recently:-))

LA fxnew 17:01 GMT August 10, 2004 Reply   
Hi Qindex:

is your 1.8321 still valid?

Thanks

CA Clouy 16:55 GMT August 10, 2004 Reply   
Melbourne Qindex 15:39 GMT August 10, 2004
CA Clouy 15:36 GMT - That is my guess.

Dr. Q. Thank you. I'm in a mini account right now, i'll definitely go with your service when I am capable of trading with standard accounts.

Bruxville Jim 16:53 GMT August 10, 2004 Reply   
hk ab 16:49 GMT // Yes, everyone trying to help you influence the stupid index:))

hk ab 16:49 GMT August 10, 2004 Reply   
Jim// it's dead quiet....

SIN Sam 16:48 GMT August 10, 2004 Reply   
Lol.... Perhaps everyone went out to watch tv?

Cheers

Bruxville Jim 16:46 GMT August 10, 2004 Reply   
hk ab lazy 16:01 GMT // Stop those silence talks, man!

hk ab lazy 16:43 GMT August 10, 2004 Reply   
so quiet...
QDN level approach "0".
LOL

hk ab lazy 16:01 GMT August 10, 2004 Reply   
dear aud/jpy, you have failed so many times at this 79.50....

FNO to avoid the QDN level to rise, quietly deal with this pair.

Melbourne Qindex 16:00 GMT August 10, 2004 Reply   
hk ab lazy 15:54 GMT - It is one of the option.

guidlford dreamer 15:58 GMT August 10, 2004 Reply   
thanks guys

LA GOLD 15:56 GMT August 10, 2004 Reply   
short euro/yen @136.42 stop 136.74

GVI john 15:54 GMT August 10, 2004 Reply   
Guildford-- click on "Quicklinks" under "Analysis and Tools" on the riight

hk ab lazy 15:54 GMT August 10, 2004 Reply   
Dr. Q, any change on your view of rate hiking to tackly high oil price?

lnd 15:51 GMT August 10, 2004 Reply   
http://www.macro-dev.com/mthcalendar.php

someone posted this link a while ago. might be of help to guilford dreamer.

Goes (NL) B747 15:48 GMT August 10, 2004 Reply   
guildford dreamer 15:48 GMT August 10, 2004


www.global-viwe.com // ask Jay


:-) gt

guildford dreamer 15:48 GMT August 10, 2004 Reply   
Anyone know of a good website or way of getting the latest official releases of economic data?

hk ab 15:44 GMT August 10, 2004 Reply   
Martin// I will carefully examine the move tonight.
Your view is impressed.

Melbourne Qindex 15:39 GMT August 10, 2004 Reply   
QC WC 15:34 GMT - See details in my page.

Bruxville Jim 15:39 GMT August 10, 2004 Reply   
wisconsin tim 15:30 GMT // c'mon, naked numbers aren't a very good ad for any paid service...

Dr.Q.// Thank you for the clarification.

Melbourne Qindex 15:39 GMT August 10, 2004 Reply   
CA Clouy 15:36 GMT - That is my guess.

CA Clouy 15:36 GMT August 10, 2004 Reply   
Melbourne Qindex 15:13 GMT August 10, 2004
EUR/JPY : I am expecting the market to take a rest around 136.52

Dr. Q. may i assume that's the expected high range of today session on eur/jpy, deduced from ur system? TIA.

saloniko 2004 nk 15:35 GMT August 10, 2004 Reply   
Good Evening..

I think Euro/gbp and Euro/chf will move together UP..

Still shorting GBP/J..

nk


QC WC 15:34 GMT August 10, 2004 Reply   
Melbourne Qindex 23:14 GMT August 8, 2004
EUR/USD : 1.2246

Qindex, 1.2246 not seen yet and your 1.2304 already breached, whats next target? TIA

wisconsin tim 15:30 GMT August 10, 2004 Reply   
Bruxville Jim 15:12 GMT August 10, 2004
Dr. Qindex // Your comments have become exceptionally brief...:(

jim, he runs a service you can't expect him to keep up free comments forever =)

Q, thanks for the updates

hk ab lazy 15:28 GMT August 10, 2004 Reply   
eur/chf has taken many days to clear 1.54.

Moscow Vasili 15:28 GMT August 10, 2004 Reply   
Thank you all for your replies

Bruxville Jim 15:24 GMT August 10, 2004 Reply   
Goes (NL) B747 15:15 GMT // I mean what's the story the link directs to...:)

usd/jpy... have closed short from 111.40 at 110.05 (post nfp entry).
Currently no orders. Considering to add some stop-entry orders to the downside ahead of rate announcement. gl.

Chicago YM 15:21 GMT August 10, 2004 Reply   
good day people

Mla Evan 15:18 GMT August 10, 2004 Reply   
Long Usd/yen at 109.85 last Friday targeting 113 minimum.

Goes (NL) B747 15:15 GMT August 10, 2004 Reply   
Bruxville Jim 15:13 GMT August 10, 2004

gt = good trading :-)
by the way; any running USD/JPY positions/orders ???

gt

New York B 15:15 GMT August 10, 2004 Reply   
Moscow,

I dont think there is any chance of getting anything back, if anything they probably filled your buy order above your take profit.....

Melbourne Qindex 15:15 GMT August 10, 2004 Reply   
Bruxville Jim 15:12 GMT - Those are important numbers in my system.

Melbourne Qindex 15:13 GMT August 10, 2004 Reply   
EUR/JPY : I am expecting the market to take a rest around 136.52. The current level is good enough.

Bruxville Jim 15:13 GMT August 10, 2004 Reply   
Goes (NL) B747 15:09 GMT // What's under the link?

Plovdiv Gotin 15:13 GMT August 10, 2004 Reply   
Vasilii/ Change them.

Bruxville Jim 15:12 GMT August 10, 2004 Reply   
Dr. Qindex // Your comments have become exceptionally brief...:(

Goes (NL) B747 15:09 GMT August 10, 2004 Reply   
http://www.turkishpress.com/turkishpress/news.asp?ID=24144

gt

Melbourne Qindex 15:08 GMT August 10, 2004 Reply   
EUR/GBP : 0.6711

sarasota jf 15:02 GMT August 10, 2004 Reply   
ab - i can see 1.2980 cad -before rally next week as extreme move - also look at audcad 4 hour chart

Melbourne Qindex 14:56 GMT August 10, 2004 Reply   
EUR/USD : Current Comment.  Register with [email protected] if you have no access to my page.

hk ab lazy 14:50 GMT August 10, 2004 Reply   
tempted long cad again at 1.3140.

London e 14:48 GMT August 10, 2004 Reply   
Bought more USD/CHF at 1.2498, 10 pip stop at 1.2488.

USA Biscuit Boy 14:44 GMT August 10, 2004 Reply   
Hi guys. Im expecting FOMC today to be a non-event. Market already priced in 25bp hike and "measured pace". Eur/usd should be able to reach 1.25-1.26 in coming weeks great opportunity to fade the market and buy dollars when we overshoot the range. US data soft for 1 month and everyone is acting like it is the end of the world lol. Don't worry the US consumer will be back in time for xmas and Greenspan is on track with his medium term plan.

chicago cal 14:44 GMT August 10, 2004 Reply   
MARTIN:

some traders are still holding eur/usd longs from friday

Surabaya Medallion 14:44 GMT August 10, 2004 Reply   
I think it is not a good idea to play Yen at this moment because of oil price except for short although 136.35 is a tempting level indeed. I will still hold Euro although the Odd is 40:60. My inner voice says Mr G will do whatever it takes to make $ strong only to dump it again after he had sold the T-Bills.

Bruxville Jim 14:44 GMT August 10, 2004 Reply   
Martin, got another bite into cheap dollaz?:)

Surabaya Medallion 14:44 GMT August 10, 2004 Reply   
I think it is not a good idea to play Yen at this moment because of oil price except for short although 136.35 is a tempting level indeed. I will still hold Euro alkthough the Odd is 40:60. My inner voice says Mr G will do whatever it takes to make $ strong only to dump it again after he had sold the T-Bills.

melbourne farmacia 14:43 GMT August 10, 2004 Reply   
QC WC 14:27 GMT August 10, 2004
Yeah in on dip... a push above 1.8410 would be good. GT

hk ab lazy 14:40 GMT August 10, 2004 Reply   
A lot of pairs want to ride on the carry w/ jpy.... Can it carry so many pairs for 3 years?

hk ab lazy 14:39 GMT August 10, 2004 Reply   
jf// btw, thanks a lot of your suggestion.

U.K. J.B. 14:36 GMT August 10, 2004 Reply   
U.K. J.B. 08:42 GMT August 10, 2004
Long stg 1.8368 tar 1.86 stop 1.8310 50 %

sold 25 % @ 1.8401 bring s/l up to 1.8360 run balance ...

GOLD COAST MARTIN 14:36 GMT August 10, 2004 Reply   
Seems like a lot of speculators are getting ahead of the market and pushing euro to new daily high before fed.....

wisconsin tim 14:35 GMT August 10, 2004 Reply   
wisconsin tim 01:36 GMT August 10, 2004
currently buying EUR/USD 2270 will add to it above 90 stops below 2220

closing now, will remain flat

QC WC 14:27 GMT August 10, 2004 Reply   
melbourne farmacia 06:04 GMT August 10, 2004
Faramcia, are you long GBP?

houston st 14:21 GMT August 10, 2004 Reply   
saw this on DJ: USD hit some stops versus the EUR and CHF, taking it to new session lows. "There are some fears that the Fed adds a neutral slant to its statement, but this is just somebody running a few stops," says a trader. JPY and GBP, meanwhile, remain stalled after weakening overnight.

London e 14:18 GMT August 10, 2004 Reply   
Buying USD/CHF here stop @ 1.2488

SanFrancisco tg 14:17 GMT August 10, 2004 Reply   
Lazy - I suggest seeking more written material on the subject. There is widespread consensus within financial circles the weak USD aided US business and the economy out of the recession and post 911 shock. Only those with anti-Bush objectives or those who are not educated enough yet to know the difference are claiming otherwise. For instance, the weak dollar coincided with dropping interest rates, which helped corporations borrowing ability at a time when that was more important in many ways than returns from interest rate yield differentials compared to other countries such as Britain. Conversely, the overheated USD coming into the turnof the century was not supportive during times of recession and also primed the consumer for gorging on debt prior to the economic pullback, a very bad arrangement. So in essence the effect is being rebalanced/redistributed.

Bruxville Jim 14:17 GMT August 10, 2004 Reply   
Any GBP/NZD traders here?

slv sam 14:16 GMT August 10, 2004 Reply   
e/yen cross giving good support to us$/yen!

Bruxville Jim 14:15 GMT August 10, 2004 Reply   
leeds jb 14:12 GMT // There is some tension ahead of today's evening. A stop-loss run. Doubt there is a fundamental reason this time.

leeds jb 14:12 GMT August 10, 2004 Reply   
ud$ just lost to every body is there any news?

nyc tony 14:11 GMT August 10, 2004 Reply   
euroyen buying appears to be the dominating factor in the market today. Anyone at a dealing desk have any info to share?

fwiw I will cut my euro short at 1.2333 for -53.

Bruxville Jim 14:11 GMT August 10, 2004 Reply   
Boca Raton 13:59 GMT // The main thing is to stay in the game... if your leverage is small now (say 1:3-1:5) you can add, but beware that selling is just relying on a correction this time. EUR/JPY looks deadly bullish (daily and weekly inverse h&s are there, targeting 140+, potentially even 148). Don't risk your deposit. Anyway, it's your choice, don't blame me if it goes down from here... GL
Btw, beware of false feed on S-a-x-o quote-bar (eur/jpy)

Calabash TarHeel 13:59 GMT August 10, 2004 Reply   
hk ab lazy 13:57 GMT August 10, 2004
tks TarHeel

You can put a live feed on your desktop from that site if you wish.

Boca Raton 13:59 GMT August 10, 2004 Reply   
Dallas GEP,

Should we sell even more Euro/JPY here? I still haven't received your email on my offer.

GENEVA FHR 13:58 GMT August 10, 2004 Reply   
Gold 99.00-99.50

hk ab lazy 13:57 GMT August 10, 2004 Reply   
tks TarHeel

Ldn pm 13:56 GMT August 10, 2004 Reply   
Someone got advance knowledge of the IBD/TIPP ! - looks like it is going to be on the lowside as Usd being sold

hk ab lazy 13:55 GMT August 10, 2004 Reply   
jf// appreciated.

Calabash TarHeel 13:55 GMT August 10, 2004 Reply   
hk ab lazy 13:49 GMT August 10, 2004
what's the current gold price now? why bloomberg often shows a bit higher than spot price?
I saw 398.7(bid) but bloomberg put up 401.5....

ab, I use this link.

http://www.kitco.com/

hk ab lazy 13:55 GMT August 10, 2004 Reply   
pushing eur but dlr/jpy backs down...
136.30 is one of the previous weekly high.

sarasota jf 13:54 GMT August 10, 2004 Reply   
ab im with ger ad - i wud sell overshoot - i wouldnt jump in too early - think eur range wud be 1.2190/1.2355

hk ab lazy 13:53 GMT August 10, 2004 Reply   
tg//I see weak USD aided a lot of other countries but not US itself. Correct me if I am wrong plz. thanks.

slv sam 13:52 GMT August 10, 2004 Reply   
slv sam 10:08 GMT August 10, 2004
bought $/y 110.83 target 111.50 stop 110.40.GT

may be i meet my target tonight?

SanFrancisco tg 13:50 GMT August 10, 2004 Reply   
Lazy - weak USD has played a solid role in aiding/repairing the US economy, and the economies of others, still good with oil prices high :)

Indonesia-Solo Raden Mas 13:50 GMT August 10, 2004 Reply   
hk ab lazy 13:37 GMT August 10, 2004
I agree with you.
136.16-136.22 is danger area and have tried to entry although got my stp.
wait at 136.80 for sell again with stp 137.00 caused by price have gone out that important band.
or buy here to get 136.80 and cut swith there.

hk ab lazy 13:49 GMT August 10, 2004 Reply   
what's the current gold price now? why bloomberg often shows a bit higher than spot price?
I saw 398.7(bid) but bloomberg put up 401.5....

guildford dreamer 13:48 GMT August 10, 2004 Reply   
Hi Al

Today GBP CPI came in at 1.4% y/y and the GBP trade balance at -4.9bn.

Estimates were for 1.5% and -4.5bn.

The first i knew of the really figures were from articles on forexnews and dailyfx. My question is is there a site you can get an up to date list of economic indicators as they are released?

Thanks in advance.

hk ab lazy 13:48 GMT August 10, 2004 Reply   
jf// interested in joining the eur/jpy short?

Melbourne Qindex 13:47 GMT August 10, 2004 Reply   
EUR/JPY : 136.52

PAR 13:43 GMT August 10, 2004 Reply   
Greenspan is trying to direct the US economy like they did in the former Soviet Union. Be carefull when he comes with a 5 year economic plan.

hk ab lazy 13:37 GMT August 10, 2004 Reply   
I support the view from Raden.
Sell eur/jpy 136.15 (half) add at higher 136.70 if seen.

hk ab lazy 13:36 GMT August 10, 2004 Reply   
I feel sympathy on Greensy...

When he holds the rate hike so patiently, people condemned that the rate is too LOW.
Now when he lifts it up with some poor US data, people condemned him hiking too fast.....

But I do agree that he has been too optimistic on the econ (due to Bush?). However, LOW USD SIMPLY CAN'T HELP THE ECONOMY TOO MUCH at this current situaion.

hk ab lazy 13:34 GMT August 10, 2004 Reply   
Anyone with good memory and got sth in 2002?

I remember a great friend of mine called Devon, notified us Japs buy gold around 250....
Just want to know, did aud rallies first or gold rallies first?

Bruxville Jim 13:32 GMT August 10, 2004 Reply   
PAR 13:29 GMT // Well, but the market sets interest rates according to what the 'fool on the hill' would do...

Goes (NL) B747 13:31 GMT August 10, 2004 Reply   
PAR 13:29 GMT August 10, 2004

please let me know which rate represents that markets according to your opinion.

tia & gt

UAE Oil man 13:30 GMT August 10, 2004 Reply   
convictions are great..as long as they stay affordable.

PAR 13:29 GMT August 10, 2004 Reply   
Greenspan ressembles more and more " The old man and the interest rate" . Problem is that he lost all credibility. Interest rates should be set by the market and not by a fool on the hill.

GOLD COAST MARTIN 13:27 GMT August 10, 2004 Reply   
hk..ab..lazy...the best conviction is your own conviction,,,,g/t

Indonesia-Solo Raden Mas 13:27 GMT August 10, 2004 Reply   
this is really nice food in eur/jpy.
have get top at 136.16. SELL !! stp at 136.25
really...!!!

Bruxville Jim 13:22 GMT August 10, 2004 Reply   
hk ab lazy// 79.50 was the target of hourly double bottom, and was almost reached, without follow-up whatsoever.. Also, we haven't had a close above 79.50 since May 5. Still, a clear break of 80 would target 85+. Kind of looks bearish below 79.50 and bullish above 80.00 if seen. Still, there should be some congestion between 78/80+ for a couple of weeks. Haven't traded this pair very often, so just a humble opinion.

Belgrad KZ 13:22 GMT August 10, 2004 Reply   
My sell orders from yesterday had been filled at 3170 and 3190. I hope first for 3140! GL to all

Indonesia-Solo Raden Mas 13:10 GMT August 10, 2004 Reply   
hey.. usd/cad good for sell now at 1.3169 to get 1.3095 (bottom).stop loss 1.3210
have made sell signal.

hk ab lazy 13:08 GMT August 10, 2004 Reply   
anyone has conviction to break aud/jpy 80 plz let us know....:)

Indonesia-Solo Raden Mas 12:59 GMT August 10, 2004 Reply   
Bruxville Jim 12:50 GMT August 10, 2004
friend.. analysis is the art.
all people here have own forcast model include me.
I think all people want to "walking in front of chart." include me.(my favorite motto)
in my system about eur/gbp just now, analysis can see from 5 minutes chart only.

Bruxville Jim 12:50 GMT August 10, 2004 Reply   
Raden Mas// Could you comment on your emotional charts? What feed do they use? And what is the time-frame?

Spotforex NY 12:38 GMT August 10, 2004 Reply   
lagos E A AJEGBILE 11:14

I have no preference to any trading signals but there are a slew of those companies out there and they are growing in numbers

(I use my own make-up)...but it all depends on one's time frame and risk capital.....I cannot even play all of my short term signals due to capital constraints...

re: Platform - there are a slew of brokers that advertise on this platform....I do have live accounts with a few of them, but they type of trading one does also determines which platform is best for the end user....

good luck...

Indonesia-Solo Raden Mas 12:38 GMT August 10, 2004 Reply   
Bruxville Jim 12:33 GMT August 10, 2004
yes..maybe I am wrong, but I only look emotional chart lately.

Goes (NL) B747 12:37 GMT August 10, 2004 Reply   
NYC 12:36 GMT August 10, 2004

than, US economy slowing at slower rates :-)

gt

NYC 12:36 GMT August 10, 2004 Reply   
But +2.9% productivity was above the consensus forecast of +2.0%

Goes (NL) B747 12:34 GMT August 10, 2004 Reply   
productivity: lowest in 18 months

gt

Bruxville Jim 12:33 GMT August 10, 2004 Reply   
Raden Mas// Daily close above 0.6680 will call for much more upside than 0.6702, potentially even 0.6780 (line connecting Mar 11 and May 17 highs). IMHO.

Indonesia-Solo Raden Mas 12:32 GMT August 10, 2004 Reply   
I think not long time again eur/gbp buyers will offer to 0.6702.
LET's see.

Indonesia-Solo Raden Mas 12:26 GMT August 10, 2004 Reply   
if eur/gbp break 0.6702..not to worry..will move not so far again. If like that better catch sell when up move.
don't loose this train.but now must entry to sell at area 0.6690 - 0.6702.
that's only my little analysis.

Indonesia-Solo Raden Mas 12:23 GMT August 10, 2004 Reply   
I inform you.
It's time to sell eur/gbp, maximal only show you 0.6702
will affect to eur/usd down faster than gbp/usd.

Goes (NL) B747 12:19 GMT August 10, 2004 Reply   
Haifa ac 12:17 GMT August 10, 2004

CYA
please tell me...

gt

Haifa ac 12:17 GMT August 10, 2004 Reply   
Goes (NL) B747 12:11 GMT August 10, 2004
new chief for the CIA//
Yes. If you just change the "I" with "Y" it has a very deep meaning for FOREX.

Goes (NL) B747 12:11 GMT August 10, 2004 Reply   
new chief for the CIA...any affect on FX markets ???

gt

hk ab lazy 12:11 GMT August 10, 2004 Reply   
It does look like a v. big player is playing hard with the eur/jpy upside break. Will he succeed?...
Hm....

weekly pennant top is near.

hk ab lazy 12:10 GMT August 10, 2004 Reply   
Thanks pals.
wait to watch eur show tonight.

Indonesia-Solo Raden Mas 11:51 GMT August 10, 2004 Reply   
seen gbp/usd look for 1.8309 or 1.8268 (max) before fly.

sarasota jf 11:44 GMT August 10, 2004 Reply   
ab - yes it cud get killed again soon - as positions have been readjusted on the dip friday - maybe next week can be more pure market

LondonJoe 11:41 GMT August 10, 2004 Reply   
SNB - 16 sep ECB 2 Sept ... summer break at the moment for the ECB

lagos E A AJEGBILE 11:33 GMT August 10, 2004 Reply   
Hello spot forex
Did u c my questions?

rgds

hk ab lazy 11:27 GMT August 10, 2004 Reply   
Does anyone know the date of next SNB and ECB meeting? TIA.

Livingston nh 11:26 GMT August 10, 2004 Reply   
Before we get to the Fed decision this afternoon we get the US productivity and cost figs - the Productivity "myth" has been used by G'span and others to explain the slow growth in employment and low inflation -- well, in Q2 we had a big jump in employment (hours worked) while the GDP rose more slowly as inflation increased // The Fed keeps changing its most watched indicator to justify whatever action it takes -- let's see how slower productivity gets spun

hk ab lazy 11:25 GMT August 10, 2004 Reply   
jf// do you see cad is still highly manipulated this week?

hk ab lazy 11:25 GMT August 10, 2004 Reply   
747// No bias on dlr/jpy today as I see that the tight range was controlled by the crosses...

aud/jpy 79.50 so hard?
Will Japs leave their hands on it?
don't forget last high was at 79.80.

London Si 11:20 GMT August 10, 2004 Reply   
Hi everyone

Can anyone give me some advise on the following.

I am currently looking to change Euros to Sterling, and see the recent uptrend of the Euro against Sterling, anyone got any insights where the Euro is going eg 67, 68 etc in the short and medium term.
Thanks in advance
Si

Goes (NL) B747 11:20 GMT August 10, 2004 Reply   
good aftenoon hk ab lazy,

which side you hold regarding USD/JPY ???

tia & gt

hk ab lazy 11:18 GMT August 10, 2004 Reply   
PAR 08:15 GMT August 10, 2004
Expect big rise in UK CPI due to higher oil price, also core CPI should be higher than expected


Your expectation got rejected once again....

lagos E A AJEGBILE 11:14 GMT August 10, 2004 Reply   
Hi spot forex
Good to c u here again,the first time i saw u was in .com and now u r here,r u trading with censored...?
and do u know of the best forex signal available today?
Thanks

rgds
dotun

Bruxville Jim 11:11 GMT August 10, 2004 Reply   
lagos// Congrats, you're the 1st one from Nigeria here. How is it going in your country?

Spotforex NY 11:09 GMT August 10, 2004 Reply   
lagos E A AJEGBILE

welcome!!!!

I have an MBA in advance euro myself.

Today's action seems to be waiting for the Fed.

Good luck and happy hunting...

lagos E A AJEGBILE 11:06 GMT August 10, 2004 Reply   
Hi traders
Greatings from lagos,nigeria to you all.
EUR/USD is my major,i will wellcome ideas for this pairs.

Rgds

Bruxville Jim 11:05 GMT August 10, 2004 Reply   
viies, currently sitiing flat?

Bruxville Jim 11:04 GMT August 10, 2004 Reply   
slv sam 11:01 GMT // ...a reason to beware...

Tallinn viies 11:02 GMT August 10, 2004 Reply   
sun, sea and boat....
leaving for today. cu after Fed
over and out

slv sam 11:01 GMT August 10, 2004 Reply   
Bruxville Jim 10:51 GMT /
it actually happened last Friday before us data released..they do sometime confuse us :)

Bruxville Jim 10:51 GMT August 10, 2004 Reply   
So you rely on cad weakening further against usd...
Well, on certain occasions following cad price action has helped predict that of euro, but what if big daddies start using rising usd/cad to load up more eur/usd longs? just a thought... gl.

slv sam 10:46 GMT August 10, 2004 Reply   
Bruxville Jim /
not exactly because my observation implies weak cad=weak euro to follow...so euro/cad price action in this situation is more stable imo.GT

GER ad 10:36 GMT August 10, 2004 Reply   
If no hike today, we will see fast run to 1.2350/70 and than pull back to 1.2260 at least IMHO. But I am expecting 25 bps hike and slightly higher USD (1.2200/20 after some volatility). Maybe the best way to play momentary situation is to short EUR/JPY near 136.40/60 if seen. GT & GL.

Bruxville Jim 10:35 GMT August 10, 2004 Reply   
slv sam 10:32 GMT // You mean you rely on EUR/CAD going back down?

slv sam 10:32 GMT August 10, 2004 Reply   
in a waiting situation such now $/cad price action is important indicator. My observtion so far today of $/cad...tells me: us$ will be stronger after fed news,imho.GT

Ldn Cashman 10:26 GMT August 10, 2004 Reply   
Yep, good luck jf. One thing I know, I ain't going home short Eur/Usd tonight.

sarasota jf 10:24 GMT August 10, 2004 Reply   
no hike will prob lead to profit taking due to more likely hikes in pipeline - but obv its a market and you can read it many ways just my 2 cents - gl today

Bruxville Jim 10:22 GMT August 10, 2004 Reply   
Ldn Cashman 10:18 GMT // A no hike today might add 200 pips to eur/usd instantly. But a 25bp hike is highly likely instead (Santa Claus wouldn't like to surprise markets).

Ldn Cashman 10:18 GMT August 10, 2004 Reply   
jf, I'm no great academic either. My thinking was that if they did nothing this would be the bigger surprise, and that the authorities were possibly privvy to further bad news to come. Could be a faster move higher EUR/USD.

sarasota jf 10:08 GMT August 10, 2004 Reply   
im no economics guru and dont pretend to be - but i think market wise if they hike 25 points today you need to buy any dip that comes as the market will then focus on no further near term rate hike and try to push the eurusd as high as it can - nothing and we try higher but not as an aggressive move as we wont have the same energy as we would with a nice dip first - imo gl.gt

slv sam 10:08 GMT August 10, 2004 Reply   
bought $/y 110.83 target 111.50 stop 110.40.GT

eur lg 10:01 GMT August 10, 2004 Reply   
Just closed a long eur jpy pos 136.00 taken last friday at 134.65 that worked pretty ok. Momentum indicators were looking a bit stretched. Will look to reinstate on a chop back to 135.40ish perhaps. Unfortunately still short the eur gbp that isn't going according to plan.

Goes (NL) B747 09:56 GMT August 10, 2004 Reply   
LA fxnew 09:02 GMT August 10, 2004

make sure you never go through dealer's desk, it is a lost formula.

gt

PAR 09:55 GMT August 10, 2004 Reply   
Cable well supported between 1.8300 and 1.8350 by super high UK real interest rates.

lnd 09:44 GMT August 10, 2004 Reply   
what you need to do is to go with an outfit that values its credibility and has had a growing customer base as opposed to the yobs that rely on churning. i am trading small time for now and even if you go via direct dealing they are either engaged or do not answer the phone when you ring to close an order. had this problem with stocks during the bubble. my advice is to shop around and the guys on this forum the debates that they have had provides a good feel for the sharks out there. sometimes it is better paying that extra pip or two to enter and exit a trade as this is how these guys want to be paid for the extra risk of giving you execution on time. you know the saying if you pay peanuts then you get monkeys...gl and gt to all.

Makati Obelix 09:30 GMT August 10, 2004 Reply   
in = it

Makati Obelix 09:29 GMT August 10, 2004 Reply   
fxnew of LA. Thanks for sharing your experience. Found in odd and disturbing.

LA fxnew 09:00 GMT August 10, 2004 Reply   
qindex:

hopefully you are right...

I am still holding my short :)

Geneva DC 08:59 GMT August 10, 2004 Reply   
Tallinn viies 08:43 GMT August 10, 2004
this subject is closed now!

your expletive outburst of a real gent closed it long time ago

KL KL 08:49 GMT August 10, 2004 Reply   
Out gbpusd short 1.84 at 1.8355...I think 45 pips is enough eurusd got stopped *#*&$ out still in + ....so looking to long later

Tallinn viies 08:43 GMT August 10, 2004 Reply   
please dont stop inform us about your historical trades

this subject is closed now!

U.K. J.B. 08:42 GMT August 10, 2004 Reply   
Long stg 1.8368 tar 1.86 stop 1.8310 50 %

Tallinn viies 08:40 GMT August 10, 2004 Reply   
Geneva DC 08:38 - oh dear how lovely

Geneva DC 08:38 GMT August 10, 2004 Reply   
Tallinn viies 08:27 GMT August 10, 2004
Geneva DC 08:15 GMT - in that case you probably got washed out on friday!

We were flat and went long on a 1.2114 stop with a fill at 1.2180 and a current profit of 80 pts and looking to reverse.
Giving usefull piece of advice/news/rumour is one part of the GV forum, clarifying them is another.

Melbourne Qindex 08:35 GMT August 10, 2004 Reply   
Melbourne Qindex 06:15 GMT August 10, 2004
GBP/USD : 1.8321

Melbourne Qindex 08:34 GMT August 10, 2004 Reply   
Melbourne Qindex 06:21 GMT August 10, 2004
LA fxnew 06:19 GMT - GBP/USD : I like to see that number printed, see my page for details.

houston st 08:34 GMT August 10, 2004 Reply   
*DJ UK July CPI Down 0.3% On Month, Up 1.4% On Year(DJ)

UK July RPI Flat On Month, Up 3.0% On Year
UK Jun Adj Global Goods Trade Deficit GBP5.0B Vs GBP4.8B

Tallinn viies 08:34 GMT August 10, 2004 Reply   
anyway,
selling the euro today cant be too bad idea as we are trading near higher bolling. it cant move too much above it. selling near 1,2280-1,2330 nice opportunity to buy them back later during the week near 1,2170-2200.
personally I think we see 0,25% hike which cold push euro down to 1,2200 as some of the market participants are in doubt after fridays numbers.
if no hike today, then probably we may see 1,25 within a week.
Basica trend right UP after last week we tested last month low and failed to reach there. in also we must remember that monthly stochastic crossed higher (which usually gives pretty good trades during the uptrends). if this week ends here, weekly stochastic crosses also higher. Sign which I cant ignore...
gt

Goes (NL) B747 08:33 GMT August 10, 2004 Reply   
Tallinn viies 08:27 GMT August 10, 2004

good morning to you !!!
please cool, you do not need extra stress (for nothing) during trading session - your point is clear, very clear.


gt

Melbourne Qindex 08:33 GMT August 10, 2004 Reply   
Melbourne Qindex 02:55 GMT August 10, 2004
EUR/USD : The market has a tendency to trade between 1.2242 - 1.2279 initially in Asian session.


houston ken 08:33 GMT August 10, 2004 Reply   
usd cad is a killer the second wave always takes out the first wave i hate that

Gen dk 08:28 GMT August 10, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Tallinn viies 08:27 GMT August 10, 2004 Reply   
Geneva DC 08:15 GMT - in that case you probably got washed out on friday!
sad but true.
my condolences.
anyway, keep going with your remarkable trading suggestinons!
one thing I have seen during last 4 -5 here on the forum that MOST of the guys who claim to been here for long time dont give any single usefull piece of advice/news/rumour.
they only strew bloody and wiseacre remarks about others.

LA fxnew 08:25 GMT August 10, 2004 Reply   
calgary,

I agree with you about that dealer. They put me into manual execution after I made money for weeks. They just got their excuses by putting me into that manual execution.

So, beware all of u.

SIN Sam 08:20 GMT August 10, 2004 Reply   
Cool it mates....

Nobody's wrong....


:)

calgary 08:18 GMT August 10, 2004 Reply   
I know this is against rules, my apolgies Jay, but i think it is important when dealers do not honor their "words of honor"
F.X.C.M screwed me last Friday on a magin call, when they say quote "liquidated immediately" that really means when ever they get around to it, and they claimed this time was differnet, so everybody, they are no better than any other BS dealer out there

PAR 08:15 GMT August 10, 2004 Reply   
Expect big rise in UK CPI due to higher oil price, also core CPI should be higher than expected..

Geneva DC 08:15 GMT August 10, 2004 Reply   
Tallinn viies 07:43 GMT August 10, 2004
Haifa - all I say the Geneva DC can f.uck off.
does he really thinks I come here everyday for the last 5 years to fantasise about the FX market?
fuc.king assh,ole

thanks
been here since the GV started (remember early weekly contests with web page trophy for winners?), and in fx since 1973
with your outburst you only prove that you are "wrong and alone"

U.K. J.B. 08:13 GMT August 10, 2004 Reply   
I take my hat off to Jay & John etc and the rest of the team for all their hard work.

LIE mik 8.05

Of-course no problem if you e-mail [email protected] he will then be able to sort out our communication

Ldn Cashman 08:11 GMT August 10, 2004 Reply   
By the way, that guy pushing the get-rich FX scheme for only USD100 a book should do a bit of research. One of the testimonials is from a guy in Lanarkshire, England. Does he mean Lanarkshire, Scotland or Lancashire, England ? Says it all to me

Riga RIA 08:10 GMT August 10, 2004 Reply   
EURNOK very choppy yeaterday n today-- yesterday fall from 8.34/33 to 8.2850 very quick n today return from 8.2920 to 8.33 agn-- talk large offers from swiss accts ahead 8.3250/3350 , expect hold 8.3450/2850 now....EURSEK quiet at mom hold 9.17/19 range, also main attention to noksek moves...GL

houston st 08:09 GMT August 10, 2004 Reply   
Dallas GEP 07:47 GMT -- not to fret, as you may get another opportunity there soon....good trades.

Barcelona Tony 08:07 GMT August 10, 2004 Reply   
OK GEP, last set is the 77 one? if you can, try freewebs.com/chatfx/ .. one-on-one chat there

LIE mik 08:05 GMT August 10, 2004 Reply   
U.K. J.B. 08:01 GMT August 10, 2004

Is it possible to get in contact with you via email? tks

Riga RIA 08:05 GMT August 10, 2004 Reply   
Range yesterday 6.085/6.1500, Joburg opened at 6.09/10. Corporate buying orders supporting $ZAR in the face of selling from Interbank names..Seems now can hold 6.05/15 range usdzar.Talk good gbpzar bids ard 11.20/18..GL

Riga RIA 08:03 GMT August 10, 2004 Reply   
Hi Viktor, seems u are rite, thx mate..GL

Dallas GEP 08:02 GMT August 10, 2004 Reply   
TOny, run a pretty tight stop on this 136.05 or so. Close out at 15-20 pips profit THEN you know what to do with the rest. 135.65 should do it???? You could also put a stop at ENTRY on last set

U.K. J.B. 08:01 GMT August 10, 2004 Reply   
Reading through some of the posts today in the forum i have been quite disappointed with my findings. I am not hear to criticize anyone i just choose to ignore the comments which i must confess relates to probably 85% of the postings. Speaking from experiance of which i have over 20 years and it is just my view there is no system out there that will make you money where the system operator is charging you a fee of less than $5,000 a month. I can assure you if a system works it is put to good use under a hedge fund umbrella etc where serious money is traded. As far as trading is concerned my rules are set in stone. I never risk more than 2 % of equity on any one position. My position size is reduced drastically if i am having a inconsistant run. I do not average a losing position that is just trying to be clever and it WILL end up costing you more. As far as trading houses are concerned my guys are superb and very PROFESSIONAL. I know where i stand. I have seen many Forex names mentioned on this Forum and i have tried most of them. I do not deal with any of them. I hope these few words can help at the end of the day i have taken most of the stress out of Forex trading and i sleep very well at night. GL & Profitable trading to you all-do your own research and analysis.....

Swidnica/Poland profi-forex 08:00 GMT August 10, 2004 Reply   
10.08.2004 (2.45am US Time)

USD/JPY ( CURRENT LEVEL 110.66) – CONSOLIDATION IN RANGE 110.40 – 110.80. NEXT DIRECTION DEPEND ON BREAKINGTHROUGH THIS RANGE. BECAUSE OF TODAY`S FED DECISION USD COULD FORTIFY AND WE COULD SEE TEST 110.30 AND EVEN 111.70.


EUR/USD (CURRENT LEVEL 1.2272) – SUPPORT AT 1.2200/15 REGION, IN A FEW DAYS WE SHOULD BE WITNESSES BREAK ABOVE 1.2375 AND NEXT THE TEST 1.2500 REGION. IT SEEMS LIKE DECISION ABOUT RISE RATE ALREADY IS IN PRICES .

USD/CHF (CURRENT LEVEL 1.2542) – IN A FEW DAYS WE WAIT FOR BREAK SUPPORT AT 1.2480/90 AND TEST 1.2400 REGION AND NEXT ESTABLISH NEW MINIMUM AT 1.2000.

GBP/USD(CURRENT LEVEL 1.8415) – FRIDAY`S CLOSE ABOVE 1.8390 SUGGEST RISES EVEN TO 1.8700 REGION IN THIS WEEK. SUPORT AT 1.8300 REGION.

sydney 07:57 GMT August 10, 2004 Reply   
Dallas GEP 07:47 don't be pissed, you'll have plenty of contra selling opportunties from here up to 136.50

Barcelona Tony 07:56 GMT August 10, 2004 Reply   
www.freewebs.com/chatfx/ --GEP if you see the post, try this address plz

prague viktor 07:53 GMT August 10, 2004 Reply   
Riga RIA :Hi,well this time I think we will see the the 30,8for the CZK after short visit to the 31,54 level G/L

Barcelona Tony 07:50 GMT August 10, 2004 Reply   
GEP, took it at 90 and egbp also in .. please try the website, the only way I can communicate now

Dallas GEP 07:47 GMT August 10, 2004 Reply   
OK I am pissed now. Wanted to take eur/jpy short from 135.94 with 20 pip target, too late know GD it.

Haifa ac 07:46 GMT August 10, 2004 Reply   
Tallinn viies 07:43 GMT //Please. We must respect the Geneva Convention.

Dallas GEP 07:44 GMT August 10, 2004 Reply   
You can on yahoo

LAX-LGB SNP 07:44 GMT August 10, 2004 Reply   
EURGBP barely cresting falling TL off Jun03's lows

Barcelona Tony 07:43 GMT August 10, 2004 Reply   
just created it because both messengers down GEP .. can't see you there :-s

Tallinn viies 07:43 GMT August 10, 2004 Reply   
Haifa - all I say the Geneva DC can f.uck off.
does he really thinks I come here everyday for the last 5 years to fantasise about the FX market?
fuc.king assh,ole

Barcelona Tony 07:43 GMT August 10, 2004 Reply   
GEP ... both messengers are down, keep trying ... please login to : freewebs.com/chatfx/ if you can, thanks

Dallas GEP 07:42 GMT August 10, 2004 Reply   
Tony get back on yahoo if you can I am on there now.

lnd 07:39 GMT August 10, 2004 Reply   
Dallas GEP 23:05 GMT. good morning. have a look at RBA release yesterday. it says that much of the activity on aud occurs out of aussie time. that is foreigners are more involved on aud than the locals. gl & gt.

Riga RIA 07:38 GMT August 10, 2004 Reply   
EURPLN cannot break 4.37 yeaterday but think we cud see break near time with tgt 4.3450 , good sell zone now ahead 4.40/42, talk abt local bids ard 4.3750/3650........EURCZK now break 31.40 to 31.34 after good selling from german n swiss accts-- next tgt expect 31.20 , talk abt good bids ard 31.20/10 n large stops below 31.00...GL

Haifa ac 07:38 GMT August 10, 2004 Reply   
Tallinn viies 07:33 GMT // True

All I can tell you that on any stop between 121.08 and 122 on that report you got ONLY 122.44! NOTHING LESS!
Fast market-Broker not held, etc.

PAR 07:36 GMT August 10, 2004 Reply   
Since corporations like BA just raise their prices to cope with the higher oil prices it is as usual the already chronically depressed european consumer who will have to pay the bill.

Tehran moradi 07:36 GMT August 10, 2004 Reply   
Hi my frend. what do you think about eur?

Riga RIA 07:35 GMT August 10, 2004 Reply   
Good morning.....In Hungary the CSO reported the trade deficit at EUR390bn - well above market consensus (they also revised down preliminary May figures).But EURHUF crashes down to 245.80 after german accts selling thru stops below 247.50/247.00 , expect now holds abv 245.50, oversold conditions now n I expect return to 247.50/248.50 before fresh selling....GL

Moskow 07:34 GMT August 10, 2004 Reply   
Wanna test your trading system on a reliable history data ?
Intarday forex history collected for seven years.

Tallinn viies 07:33 GMT August 10, 2004 Reply   
Haifa ac 07:22 GMT - Im smiled because doesnt concern me how those guys cover themselves! dont care if you know what I mean.

but for your info....
have been in this business. 90% of the specs loose money big time. if you quote to them and dont cover yourself there is big chance you get all the money what they loose. of course it doesnt work so primitive way but statistics works for broker not for the guys who trade. of course different story when not only specs involved

china qq 07:30 GMT August 10, 2004 Reply   
HI..GUYS..just wondering..how many professional traders here i?

Dallas GEP 07:27 GMT August 10, 2004 Reply   
OK

Barcelona Tony 07:24 GMT August 10, 2004 Reply   
GEP see me on yahoo? Msn still down

Haifa ac 07:22 GMT August 10, 2004 Reply   
Tallinn viies 07:06 GMT //
Geneva said that the only way to get a fill that has no relation to the interbank rate is if the operation is a bucket shop. Otherwise the broker took a 50 pips hit.
You only smiled--so that left me with a question mark. That is all.

Eilat Dolphin 07:20 GMT August 10, 2004 Reply   
PAR 0700/ What PAR, you got no respect for Almighty August no more ? Don't they teach you that money can wait ? ;^)

Dallas GEP 07:20 GMT August 10, 2004 Reply   
No Tony I am up

Barcelona Tony 07:09 GMT August 10, 2004 Reply   
GEP, MSN is down here .... same there?

Tallinn viies 07:06 GMT August 10, 2004 Reply   
Haifa ac 06:23 GMT - can you explain? what is not clear to you?

PAR 07:00 GMT August 10, 2004 Reply   
While central banks all over the world raise interest rates to counter inflation impact of the highest oil prices ever recorded the ECB is on HOLIDAY. This is typical european.

KL KL 06:47 GMT August 10, 2004 Reply   
Sold gbpusd 1.84 sl this thing at 30 pips above....this one have given me lots of grief.....lets see where it goes looking for 60 pips below

Indonesia Solo Raden Mas 06:47 GMT August 10, 2004 Reply   
see you later my friends..
I must do other job in broadcast. :-()

Dallas GEP 06:43 GMT August 10, 2004 Reply   
SOLD eur/gbp @ 6670

Indonesia Solo Raden Mas 06:42 GMT August 10, 2004 Reply   
USD/JPY
Level Sell :
110.64 stop loss 111.00

Level Buy :
109.62 stop loss 109.50
108.33 stop loss 108.15

USD/CHF
Level buy :
1.2416 stop loss 1.2400
1.2263 stop loss1.2250
1.2316 stop loss 1.2300
Level Sell :
1.2669 stop loss 1.2735
1.2690 stop loss 1.2735
1.2635 stop loss 1.2650

GOLD
Level sell :
401.80 stop loss 403.00
402.70 stop loss 403.00

Level Buy :
392.30 stop loss 389.00
395.60 stop loss 395.00

Have a nice trade !! may good day for you all here.


Los Angeles ss 06:38 GMT August 10, 2004 Reply   
Raden Mas -- what are your thoughts on cable?

Indonesia Solo Raden Mas 06:37 GMT August 10, 2004 Reply   
GBP/usd
Level sell :
1.8593 stop loss 1.8625
1.8493 stop loss 1.8515

Level buy :
1.8268 stop loss 1.8215
1.8309 stop loss 1.8300
1.8374 stop loss 1.8355

AUD/USD
Level sell :
0.7153 stop loss 0.7190
0.7248 stop loss 0.7260
0.7357 stop loss 0.7375
Level Buy :
0.7080 stop loss 0.7060
0.7040 stop loss 0.7000
0.7122 stop loss 0.7115



Indonesia Solo Raden Mas 06:33 GMT August 10, 2004 Reply   
Eur/usd
Level sell :
1.2362 stop loss 1.2380
1.2416 stop loss 1.2430
Level Buy :
1.2221 stop loss 1.2200
1.2140 stop loss 1.2125
1.2080 stop loss 1.2055

KL KL 06:33 GMT August 10, 2004 Reply   
Well sold eur again at 1.2276 SL 1.2285 ... yesterday short took the +25 pips and hit and run is on again....looking at eur jpy aud usd and gbpusd....all balancing act on high wire....may short anytime some of those crosses ... looking looking usd cad, chf usd....so many on high wire....can someone take a long stick and tip them over...LOL

Melbourne Qindex 06:31 GMT August 10, 2004 Reply   
Spot Gold : European investors are the buyers.

Indonesia Solo Raden Mas 06:29 GMT August 10, 2004 Reply   
Eur/usd
Level sell : Level Buy :
1.2362 stop loss 1.2380 1.2221 stop loss 1.2200
1.2416 stop loss 1.2430 1.2140 stop loss 1.2125
1.2080 stop loss 1.2055

Indonesia Solo Raden Mas 06:26 GMT August 10, 2004 Reply   
hello everybody !! good afternoon here.

Haifa ac 06:23 GMT August 10, 2004 Reply   
Geneva DC 20:54 GMT // That was HARSH. But you got no answer and that left one big question mark in my mind.
You live and learn.

Melbourne Qindex 06:21 GMT August 10, 2004 Reply   
LA fxnew 06:19 GMT - GBP/USD : I like to see that number printed, see my page for details.

LA fxnew 06:19 GMT August 10, 2004 Reply   
qindex:
what do you mean?

Melbourne Qindex 06:15 GMT August 10, 2004 Reply   
GBP/USD : 1.8321

melbourne farmacia 06:04 GMT August 10, 2004 Reply   
LA fxnew - still buy on dips IMO... not much commitment from either side at this stage until FED.

LA fxnew 05:32 GMT August 10, 2004 Reply   
farmacia:

its kinda hard to predict the movement of every pair now, but what is your view on gbp/usd?

TIA

melbourne farmacia 05:27 GMT August 10, 2004 Reply   
ab - Day of interest for Gbp/Usd & Aud/Usd fwiw. Euro's not running in sync with the above pairs as the current low was printed on an alternative day.. GT

Ldn 04:38 GMT August 10, 2004 Reply   
Australia's ANZ Prices A$1B TCD Issue, 2 Tranches

Round Lake, IL KJK 03:53 GMT August 10, 2004 Reply   
Any thoughts out there on the effect of the potential US interest rate hike on USDJPY?

hk ab 03:19 GMT August 10, 2004 Reply   
According to Gecko,
"QDC".. Quacking Duck Contrarian theory:
market participants tends to make the most noises at/near market EXTREMES..
like all traditional chart indicators, the Ducks tends to lag behind the market & are behind the curve cheerleaders at/near market EXTREMES..
guage the 'Quacking Duck Noises' QDN level & fade the noisy Ducks..

QDN noise sources;
advisory/guru services
banks/brokers
forums & news sources

QDN composite index:
0-3 dead market, great time for snooze or top/bottom suntaning
4-6 market in consolidation (great market for 'I can turn on a dime' pikers)
7-8 Fade alert
9-10 Fade! Fate! Fay
gauging the Quacking Duck Noise level is highly discretionary & takes a bit of practice.. but over time, it could a rewarding effort for the patient practitioner..

9 for Aud?

Ldn 02:58 GMT August 10, 2004 Reply   
NAB strategists higher-yielding currencies like AUD/USD to continue performing well. Expect pair to remain well bid with 0.7120/30 support. Strategy would be to buy around support looking for a move to resistance at 0.7250

houston st 02:58 GMT August 10, 2004 Reply   
DJ BOJ Board Votes To Leave Monetary Policy Unchanged


Despite Japan's continuing strong economic recovery, the BOJ has said it will be some time before on-year changes in the CPI stay above zero.
Wages and incomes haven't recovered yet because private companies aren't using their higher profits to significantly boost capacity or hire new workers. Prices won't rise unless wages increase in a sustainable manner, the BOJ believes.
The central bank's board is next due to meet on Sept. 8-9.
At 0600 GMT today, the BOJ will release its monthly assessment of the economy.
The central bank is expected to leave its core economic assessment for August unchanged from July, saying that Japan's economy continues to recover, with an increase in production and corporate profits exerting positive effects on employment.
But the BOJ may say in its report, or BOJ Governor Toshihiko Fukui may say at his press conference at 0630 GMT, that the central bank is watching closely for any impact on Japan's economy from recent increases in oil prices.

hk ab 02:57 GMT August 10, 2004 Reply   
any chicken stolen at 110.50?

off hands on yen pairs today.

Melbourne Qindex 02:55 GMT August 10, 2004 Reply   
EUR/USD : The market has a tendency to trade between 1.2242 - 1.2279 initially in Asian session.

Brisbane L 02:53 GMT August 10, 2004 Reply   
Singapore's DBS Bank says there's significant risk Fed may not hike rates today after Friday's jobs data shock; says under Greenspan, Fed has never tightened when payrolls averaged below 200K for 3 months, and 3-month average now 106K. Also predicts tonight's Fed statement will be less aggressive and thus negative for USD. DBS view isn't shared by most analysts, who still think hike tonight is certain and Fed statement will be unchanged - but DBS was right last week in predicting payrolls would be much lower than forecast
Reuters.

Melbourne Qindex 02:46 GMT August 10, 2004 Reply   
EUR/USD : Current Comment.  Register with [email protected] if you have no access to my page.

Surabaya Medallion 02:32 GMT August 10, 2004 Reply   
I think markets want to hear Mr Al comment regarding the economy rather than the 0-25% rate. Quite a dangerous situation we have today.

hk ab 02:32 GMT August 10, 2004 Reply   
Dr. Q, thanks for the info.

U.K. J.B. 02:32 GMT August 10, 2004 Reply   
I personaaly think uncle al will go 1/4 % tonight as inflation the key not jobs growth, but hey i am no economist as long as we have some movement and break out of these ranges,need to put some fuel in my boat... GL

GA TJ 02:25 GMT August 10, 2004 Reply   
Just curious as to how many folks think that Uncle Al will leave rates unchanged. Any opinions?

Brisbane L 02:25 GMT August 10, 2004 Reply   
Hottest Summer in Japan for 10 years helping consumer spending expand Bloomberg TV.

A bit chilly here.

Brisbane L 02:22 GMT August 10, 2004 Reply   
MOSCOW -- The Russian government tightened its siege of OAO Yukos, seizing control of the company's key production asset three days after a Moscow court ruled such a seizure was illegal. Court officials seeking payment of a 99 billion ruble ($3.4 billion) tax bill yesterday took control of Yuganskneftegaz, which pumps 60% of Yukos's oil. In an additional blow, a Moscow court rejected Yukos's appeal against the seizure of another production asset, Tomskneft. Together, the two units account for about 80% of Yukos's production. WSJ

Greenspan may delay rate hike due to oil impact plus terror concerns .

Melbourne Qindex 02:18 GMT August 10, 2004 Reply   
Spot Gold : Japanese investors are sellers this morning.

Ldn 02:17 GMT August 10, 2004 Reply   
China Jul Indus Output +15.5%;Consensus 15.5%-2

Melbourne Qindex 02:10 GMT August 10, 2004 Reply   
GBP/USD : Current Comment.  Register with [email protected] if you have no access to my page.

nyc tony 02:02 GMT August 10, 2004 Reply   
To quote Dennis Miller (love him or hate him):

"This is for people whose concept of real estate is houses are green and hotels are red"

GA TJ 01:57 GMT August 10, 2004 Reply   
nyc tony 01:51 GMT August 10, 2004

I guees he has to find someway to refund his account. And since there is a sucker born every minute he probably will.

wisconsin tim 01:55 GMT August 10, 2004 Reply   
99.999% are millionaires, just not from trading again 99.999%

Los Angeles bernie 01:54 GMT August 10, 2004 Reply   
GA - TJ ---no thanks...one controversy at a time...LOL

Another can of worms is the settings to use for indicators....change the settings a little an the slow stoch points up....different setting---same timeframe and you have the opposite indicator....no wonder it's so hard to make a living with forex....

nyc tony 01:51 GMT August 10, 2004 Reply   
Does anyone else wonder why if someone has the "formula" for success in forex why they aren't billionaires instead of selling this crap for $100 a pop?

http://www.surefire-forex-trading.com/

GA TJ 01:49 GMT August 10, 2004 Reply   
Los Angeles bernie 01:43 GMT August 10, 2004

No. Sometimes it can go days with no signal. Sometimes I will get 2 or 3 a day. No trades can be very good trades. Now, if you want to open up another can worms just ask some of these guys about Stop Theory.

Los Angeles bernie 01:43 GMT August 10, 2004 Reply   
GA TJ and Clouy --- GA, do you get a matching four hour and one hour chart at least once a 24 hour day?

Clouy, thanks for your response.

广东 01:43 GMT August 10, 2004 Reply   

**神秘点的探索**8月10日--(yinzi)
一、8月10日的神秘点是:
序 货 币 可能低点 可能高点 天图趋势 操作参考 预测本周高低点
0 DINIW 87.80 89.00 空 87.00 / 89.40
1 RUD/USD 1.2180 1.2380 多 1.2180多 1.2130/ 1.2500
2 GBP/USD 1.8330 1.8530 多 1.8330多 1.8300 / 1.8670
3 AUD/USD 0.7080 0.7220 多 0.7080多 0.7050 / 0.7297
4 USD/CHF 1.2420 1.2620 空 1.2620多朗 1.2320/ 1.2680
5 USD/CAD 1.3000 1.3270 空 1.3220多加 1.3100 / 1.3400
6 USD/JPY 109.0 111.20 空 111.20多日 109.00/111.30

以上数据仅供参考,风险自负!但一定要定好自己认为能承受的止损位!!
当买进以后。价上到30点以上就要提止损到买价!以保不亏。这种提示仅供参考,可自行操作。
祝大家好运!
yinzi QQ:30963505 E-mail: [email protected]
2004年8月9

Information of Aug 10h, 2004
NO Currency Low point possible High point possible Trend of daily graph Reference for operation The lowest and highest point of this week’s forecast.
0 DINIW 87.80 89.00 Down 87.00/89.40
1 RUD/USD 1.2180 1.2380 Up Buy at 1.2180 1.2130/ 1.2500
2 GBP/USD 1.8330 1.8530 Up Buy at 18330 1.8300 / 1.8670
3 AUD/USD 0.7080 0.7220 Up Buy at 0.7080 0.7050 / 0.7297
4 USD/CHF 1.2420 1.2620 Down Sell CHF at 1.2620 1.2320/ 1.2680
5 USD/CAD 1.3000 1.3250 Down Sell CAD at 1.3200 1.3100 / 1.3400
6 USD/JPY 109.60 111.20 Down Sell JPY at 110.20 109.00/111.30


This chart is only for reference. Please be resposible with your own operation. Be sure to set a lowest cut point that you can afford!
In order to prevent lose, after you buy it, when the price increases by 30 points, you can set the lowest cut point to the price you buy. This operation is just for reference. You can do your own operation.
My QQ number is : 30963505,. Please feel free to contact me.
Good luck to everybody!!
E-mail: [email protected]
Yours sincerely,
Yinzi

Singapore Sfx 01:41 GMT August 10, 2004 Reply   
simultaneous explosions hit two small hotels in istanbul - reuters - quoting cnn

Ldn 01:40 GMT August 10, 2004 Reply   
ISTANBUL, Turkey (AP)--Simultaneous explosions hit two small Istanbul hotels in an apparent terrorist attack, killing one person and injuring eight others early Tuesday, police said.

CA Clouy 01:39 GMT August 10, 2004 Reply   
Los Angeles bernie //
I use 10, 15, 30 min, also refer hourly chart as well sometimes. I use 8/3/3 for stochastic but not feel good enuf. I am also a pip raider but most time always chicken out before the possie matures.

When there are conflicts, I stay away. :-) For instance, 10 min ago, I had a limit order on usd/jpy @ 110.50 because of the previous news, but cancelled it cuz the conflicts.

GA TJ 01:38 GMT August 10, 2004 Reply   
Los Angeles bernie 01:25 GMT August 10, 2004

The safer play is to do nothing and wait for the multiple timeframes to agree. Personally I trade the Daily, 4 hour and 30 min charts. And patients is a virtue. But then there are time that I will go with just the 30 and daily. Study the options (timeframes, techs) and you will start to see some patterns. Get up close and personal with it. Learn the nuances of what you are looking at.

Again, there is no One correct way to trade. If that were true then the Holy Grail of Trading would indeed exist.

Brisbane L 01:37 GMT August 10, 2004 Reply   
The Australian economy was firing on all cylinders in July as economic growth accelerated and business confidence climbed, according to National Australia Bank's latest business survey. "The Australian economy started the second half of 2004 on a strong note...the recent re-acceleration of growth seems to have continued into July with a spillover on business confidence," NAB said. All industries reported strong business conditions during the month, it said. Significant improvements were seen in mining, transport and storage, and recreational and personal services. Businesses were also reporting a strong level of forward orders. The forward orders index recorded a reading of 11 index points in July, its highest reading since November 2003, NAB said. Retail inflation has also started to trend higher. NAB said it rose 0.5% in July to be 1.1% higher during the past year.
NAB review


wisconsin tim 01:36 GMT August 10, 2004 Reply   
currently buying EUR/USD 2270 will add to it above 90 stops below 2220

Gen dk 01:26 GMT August 10, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Los Angeles bernie 01:25 GMT August 10, 2004 Reply   
CA Clouy --- I like the slow stoch also---but what time frame? I scalp for a few pips and so I use the five and 30 minute timeframe. You?

I also wait for the price to cross by ten points the 5 day moving average on the 5 minute or 30 minute chart...I also have the 9 and 19 day moving average on the screen at the same time.

The direction flashed by an indicator has so much to do with timeframe. When the slow stoch points up on the one hour chart, but down on the four hour chart...with both signals showing plenty of time to run....which one do you follow?

Melbourne Qindex 01:18 GMT August 10, 2004 Reply   
USD/CHF : Current Comment.  Register with [email protected] if you have no access to my page.

nyc jk 01:17 GMT August 10, 2004 Reply   
nyc jk 20:14 GMT February 25, 2004
fwiw, these are some partial notes from an investor presentation that I gave in which I was asked to outline my approach to risk management -

Some of the best work I have ever seen into how people manage risk and uncertainty was conducted by two Israeli psychologists - Daniel Kahneman (Princeton) and Amos Tversky (Stanford).

First published in 1979, Prospect Theory, won a Nobel Prize for Kahneman last year (Tversky passed away a few years ago)

Prospect Theory answers questions dealing with how people make choices when faced with uncertain outcomes. One of the most striking findings is an asymmetry in the way people make decisions involving gains vs losses. The major driving force in people's decision making is “loss aversion” , i.e. people don’t hate uncertainty but they hate losing (being "wrong"). In fact they found that a loss has 2.5 times the mental impact of a gain the same size.

How does this behavioral fact manifest itself? Investors/traders hate to take losses therefore are a lot happier when they are right frequently. Prospect theory predicts people with losses will gamble in preference to accepting a sure loss, therefore holding losing positions too long.

GEP - you say you don't plan to go with the crowd, but guess what, you are well within it buddy. When you are faced with a loss you gamble- double, triple etc hoping to make it back. It's human nature and you fit it perfectly.

GA TJ 01:16 GMT August 10, 2004 Reply   
Holy crap.......the fragile Egos are out in full force tonight. My guess is that is an indicator that some folks have taken some hits over the last few days, weeks.

It always amazes me to see post or listen to traders that effectively say their way is the only way to trade. What I crock of simmering cow crap! I have traded for over ten years, stocks, grains, metals, currency and others. I am an addict what can I say. And I have yet to see the ONE correct way to trade. Too many variables for that such as trader psych, resources, experiences, comfort levels. The list goes on and on.

The only RIGHT way to trade is the way that works for you. Only time and experience will lead you down that path.

CA Clouy 01:13 GMT August 10, 2004 Reply   
FYI: [USD/JPY] continued narrow range trade o/n, sandwiched between CTA buying around 110.50 and Japanese offers ahead of 111.00. Vague talk of official interest at 110.50 also lent support to the downside, along with a fresh high in crude oil prices.

Brisbane L 01:08 GMT August 10, 2004 Reply   
Warren Buffett's Berkshire Hathaway still thinks grass is greener in currencies other than USD, positions to take advantage of future USD weakness. In quarterly filing to U.S. Securities and Exchange Commission, the company reports that, in 1H 2004, notional value of its foreign currency forward contracts increased by $8 billion to $19 billion. USD avoidance isn't new for Buffet, he ventured into such bets in 2002, amid concerns U.S. trade deficit would prove unsustainable. He said last year he holds several currencies, but not USD
Reuters news

Calabash TarHeel 01:01 GMT August 10, 2004 Reply   
CA Clouy 00:52 GMT August 10, 2004
You're doing just fine mate, feel for market flow comes over time.
Good Luck, Good Trades

hk ab lazy 00:56 GMT August 10, 2004 Reply   
morning here, jf.
Looking forward to seeing you in Tokyo in which our timezone will be the same ;)

sar jf 00:53 GMT August 10, 2004 Reply   
ab few weeks prob

CA Clouy 00:52 GMT August 10, 2004 Reply   
perrie como//
Thank u mate. I do have strict risk management. Since i have very limited equity, so the lots size on a single trade is always small. I am also a newbie so unless the indicator is very strong i only take 20~30 pips at most on a single trade if possible. I use MACD and slow stochastic, but still feel so blind to the market flow.

hk ab lazy 00:51 GMT August 10, 2004 Reply   
Laowen, if you are still holidng that aud/jpy short.

you may exit half and see how it develops today.

Dallas GEP 00:48 GMT August 10, 2004 Reply   
Raton, you just lost 5,000 dollars.

Ldn 00:47 GMT August 10, 2004 Reply   
All it comes down to is that people should use this forum as a reference and not trade soley off the people posting on here - you dont know them , never met them so you really cant tell if they are for real or just playing at it .

Calabash TarHeel 00:46 GMT August 10, 2004 Reply   
GEP
Man, just keep on keeping on. I have never understood why some here never post unless it involves knocking someone else. Sad truth is that is the way of human nature. Guess there will always be gnats buzzing around.
Good Luck, Take Care

perrie como 00:45 GMT August 10, 2004 Reply   
boca raton...5k bucks is nothing for managed accounts

50k is so small only some cd take It up...there s lot to work behind...so if serius....1/2 a mln cd be a start up amount that we cd consider serius

sar jf 00:42 GMT August 10, 2004 Reply   
not everyone can trde same way - and its impossible to explain 10 plus pro experience to someone who never traded in that way before - this is a diff type of forum and better to act positively than create some disagreement over strategy - its a fact 95% online traders blow up in 90 days or less, so find a style that works - gt

wisconsin tim 00:42 GMT August 10, 2004 Reply   
I can agree with GEP but only if your average point is not your initial stop point (ie you have a plan to buy some market now, some on a retrace etc). The last 8~ mo's or so the market seems to be pretty forgiving to people who average down.

In a trending market you would be smoked, especially doing contra trades.

but different strokes for different folks, and what works for one will most likely not work for everyone else


perrie como 00:41 GMT August 10, 2004 Reply   
btw ca clouy if were you short usd/jpy u cd hold small southern ...as this pair is going to to drop sharply next days.weeks.months...i cant tell this.........but u cd catch a decent 10 pct if holding yens, next months...small margins obviously are difficult to count in such a game

iw
nite

Boca Raton 00:41 GMT August 10, 2004 Reply   
Calling you out Dallas,

This is how we fix this once and for all.

I will wire to a bank of your choice $5,000.00 in an escrow account. You send me third party audited financials PDF format that I can verify your far more than +15% performance, and I will let you have the cash. This is not a joke. I am quite serious. My email is [email protected] Put up or shut up time player.

perrie como 00:38 GMT August 10, 2004 Reply   
ca clouly

the indicator you need is risk management
when you near to your average cahs half at least

nite again

CA Clouy 00:37 GMT August 10, 2004 Reply   
closed usd/jpy short + 14 pips. chicked out.... I am bad at closing positions. :-(

which indicator is good for that? TIA.

KL KL 00:36 GMT August 10, 2004 Reply   
GEP... I too some time average the position whether bad or good that is my nature. That too is done if the charts are really toppy or right at bottom bottom. A lot depends on the amount of $$$$ you have left... everyone make mistake and like to recover and profit from them. Nothing keeps going up forever or goes down forever...however stop loss is also good for capital prevention....if you have 1 Million cash and just took 2 lots that lost you 200 pips ...it is no big deal take another 4 at the lower end and 8 if it goes lower....it all depends on where your cash level is!!! My 2 cents worth!!

Dallas GEP 00:36 GMT August 10, 2004 Reply   
WEll Sydney, that AGAIN is an incorrect statement. How was long from 1.3100 and long from 1.2500 the other day a contra trade suggestion????

perrie como 00:35 GMT August 10, 2004 Reply   
take it easy, market is strange behaving for evryone systems included

btw..
are u around udine cael...seen couple of good postings around, while jay already sent u my mail

nite

sydney 00:32 GMT August 10, 2004 Reply   
it's useless to argue with him. what do you expect from a trader that is ALWAYS doing contra trade risking 100++ pips for a 20 pip retrace?
newbie beware, dallas contra/average/trade/rational is a sure bet for account wipe-out.

Dallas GEP 00:31 GMT August 10, 2004 Reply   
Yeah Raton I look it up too and your picture is right beside it!!! LOL

Calabash TarHeel 00:30 GMT August 10, 2004 Reply   
Boca Raton 00:26 GMT August 10, 2004
Just what does copy and pasting this have to do with trading?

Dallas GEP 00:29 GMT August 10, 2004 Reply   
You know since basically since 80-90 % of us will lose money doing this then most of us are wrong. That's a simple fact. I don't plan to go with the crowd and I never will.

Sydney EM 00:29 GMT August 10, 2004 Reply   
Australia's official interest rate will increase by about 2 percentage points from 5.25% now, Bob Edgar, chief operations officer for Australia & New Zealand Banking Group Ltd. (ANZ), said Tuesday.

"Quite frankly we would expect that over the next year and a half that somewhere in the level of two percentage points on the fundamental interest rate level, or 200 basis points as we now say, is probably not out of the question," he told an agricultural conference.
"The only reason they're going to raise interest rates is because they think the level of economic activity has become too high to be sustainable," he added.
What the Reserve Bank of Australia worries about in adjusting its overnight cash rate is the sustainability of economic growth, and particularly what happens to inflation, he said
ANZ report.

Boca Raton 00:26 GMT August 10, 2004 Reply   
de·lu·sion ( P ) Pronunciation Key (d-lzhn)
n.

The act or process of deluding.
The state of being deluded.
A false belief or opinion: labored under the delusion that success was at hand.
Psychiatry. A false belief strongly held in spite of invalidating evidence, especially as a symptom of mental illness: delusions of persecution.

Dallas GEP 00:24 GMT August 10, 2004 Reply   
Raton, your statement is false. What can I say???

Melbourne Qindex 00:22 GMT August 10, 2004 Reply   
USD/CAD : Current Comment.  Register with [email protected] if you have no access to my page.

Dallas GEP 00:19 GMT August 10, 2004 Reply   
OK Let me ask something IF you thought EUR/YEN MIGHT come back down to your entry in a frew days and you could easily hold the position, WHY CLOSE IT OUT WITH A LOSS??? That makes no sense to me. Now you DO have to think in terms that the EUR/YEN is a postion trade at this time because obviously it is NOT a good daytrade. I am NOT averaging the position EITHER because the NEW shorts can be thought of as fresh positions in themselves and are closed based on the proce points taht could be attained at the time. I guess I am just seeing it differently but as I said before this IS very aggressive. MOST people should just close out at their normal stop points on the original possie

Boca Raton 00:18 GMT August 10, 2004 Reply   
I have noticed Dallas, that when you have a loser, you double, triple, quadruple up. Personally, I think your trading is fictitious, but if thats what keeps ya going, more power to ya. Some people need pats on their back all the time. Trust me on this one, the people I have seen over the years that are up large, or down large never showed it.

London Paul 00:17 GMT August 10, 2004 Reply   
If only I listened to my own rules 1&2, I would be happier and richer!!

London Paul 00:16 GMT August 10, 2004 Reply   
Oh and rule #2: The first cut is ALWAYS the cheapest!!

London Paul 00:15 GMT August 10, 2004 Reply   
It's called 'throwing good money after bad', most times your averaging a bad position and your pain just gets worse, always thinking it's about to turn your way. Rule #1:
Stops **MUST be set in stone**, thats how you avoid the problem in the first place. Talk is cheap and the discpline needed to stick to your stops is worth it's weight in gold!!

Boca Raton 00:15 GMT August 10, 2004 Reply   
Raton. I would not expect a bank to do this. They can't make money to save their ASSESS generally anyway so they will just doing it their old way.

Very naive comment considering the people who view this.

Sydney Ge11Ja 00:11 GMT August 10, 2004 Reply   
Dallas GEP 23:53 GMT August 9, 2004

That is just averaging a bad position, all you are doing is increasing your risk. The only time you really want to average is when you are in a winning position not bad. I have been doing this for 20 years now and all my big bad losses were when I averaged a bad position.

CA Clouy 00:10 GMT August 10, 2004 Reply   
Evening, GEP. u ever need sleep? :-)

Thank u for ur last day eur/usd's view. May i plz know ur view on eur/jpy, usd/jpy in short term plz? TIA.

LA fxnew 00:10 GMT August 10, 2004 Reply   
GEP:

gbp/usd is not moving much around asia time.
What is your view on this?

Thanks

Dallas GEP 00:07 GMT August 10, 2004 Reply   
Raton. I would not expect a bank to do this. They can't make money to save their ASSESS generally anyway so they will just doing it their old way. They think 15% a year is incredible return on their portfolios. To be fair they have to be more coonservative anyway. This works for me and others that I personally aware of...maybe we are the only ones in the world this will work for....you may have me there!!!!

 




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