User Name: Password:      Register - Lost password?

2003  2004  2005  2006  2007  2008  2009  2010  2011  2012  2013  2014  2015  2016  2017  2018  2019  
January  February  March  April  May  June  July  August  September  October  November  December  
01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31

Forex Forum Archive for 08/15/2004

Pick a date from the header above to view forum postings for that day.
Click here to join the Live Forex Forum.


Brisbane L 23:54 GMT August 15, 2004 Reply   
Regarding the AUD technical analyst at CBA think that it should test 0.7300 in next few days FWIW

MTL Ned 23:32 GMT August 15, 2004 Reply   
EUR/USD ?

Mla Evan 23:19 GMT August 15, 2004 Reply   
My Usd/Yen shorts squared late last Friday and GTC for new longs done early this morning.

QC WC 23:15 GMT August 15, 2004 Reply   
It could be as some says it is writen in the stars :=)

Va Raven 23:13 GMT August 15, 2004 Reply   
With all due respect, since when this forex trading has become a science?

GA TJ 23:09 GMT August 15, 2004 Reply   
Johannesburg Merlin 21:58 GMT August 15, 2004

returned faithfully to a philosophy of "letting our profits run", using a trailing stop with no profit-target,

I agree with the concept. Think must successful traders subscribe to this trading philosphy. But the tricky part is in defining a trailing stop. Some options to define trailing stop when buying a pair:
1) Highest high during the trade minus n pips
2) n pips times the number of bars trade has been open
3) Lowest low during trade minus n pips (not including current bar)
4) Low exceeds the lowest bar of X Bars

Am sure there are others. Point is that it is easier to say trailing stop then it is to actually define where the stop is. Just something think about until this thing gets going

ICT ML 22:49 GMT August 15, 2004 Reply   
Spotforex NY 20:48 GMT August 15, 2004
So glad that the US men's basketball team got beaten in Athens...I am against this whole dream team concept.....Bunch of overpaid crybabies.....I hate this while concept of 'professionals' getting into these games....

AMEN to THAT!

Bring back the college kids who actually give a damnn and are a bit patriotic. I dispise the NBA......spend a lifetime teaching kids fundamentals and they see that crap on TV and think its all out dated.

Barcelona Tony 22:03 GMT August 15, 2004 Reply   
GEP, please let me know when you're back online ...??????

Johannesburg Merlin 21:58 GMT August 15, 2004 Reply   
Hey Jim and Jk,

To add what you are saying, we have tried for years to trade a system which takes quick(ish) profits in comparison to a larger stop. Our entry technique was very accurate + high frequency of trades. Hence our accuracy was high combined with low profits.
However, we have turned that around completely a few months ago, and returned faithfully to a philosophy of "letting our profits run", using a trailing stop with no profit-target, using the same highly accurate entry technique as before. Result is (obviously) less trades, much lower accuracy, but MUCH larger profits.

GLGT Hope the EUR and CHF and GBP goes much further.

Ldn ;-) 21:56 GMT August 15, 2004 Reply   
Tom Hougaard, the Bloomberg and CNBC commentator and chief market strategist for City Index sees the GBP reaching $2.34 at some stage during the next 6 months FWIW

Melbourne Qindex 21:55 GMT August 15, 2004 Reply   
Chicago Irish 21:49 GMT - Good morning! Cheers!

Chicago Irish 21:49 GMT August 15, 2004 Reply   
Well said Qindex........

Melbourne Qindex 21:35 GMT August 15, 2004 Reply   
Sydney Alimin 06:58 GMT - GBP/USD : I don't have a good feeling for this pair.

Ldn 21:13 GMT August 15, 2004 Reply   
http://www.taipeitimes.com/News/biz/archives/2004/08/15/2003198870

Concern over dollar as US trade deficit widens

Melbourne Qindex 21:05 GMT August 15, 2004 Reply   
quito_ecuador_valdez 15:09 GMT - It all depend on your time frame. Personal attacked is not welcome here!

UAE Oil man 21:02 GMT August 15, 2004 Reply   
The dream team in barcelona was wonderful though, worth their weight in dollar particularly if you had bought them with a euro swap...but the players time decay(older) you would probably expire worthless by now ahah! :)

Spotforex NY 20:48 GMT August 15, 2004 Reply   
So glad that the US men's basketball team got beaten in Athens...I am against this whole dream team concept.....Bunch of overpaid crybabies.....I hate this while concept of 'professionals' getting into these games....


Pro careers should result from a stellar Olympic performance....

Brisbane L 20:45 GMT August 15, 2004 Reply   
The Sunday Times
U.K. Muslims Prepare for Terror Attack Backlash, Paper Says

LINK

nyc jk 20:44 GMT August 15, 2004 Reply   
TJ - much better use of your time I must say lol. I am just checking in on open and going out for the night very soon, so I will be happy to post a few things on the help forum tom. Oil Man is on to it though, including his quote haha. gl all

Bruxville Jim 20:42 GMT August 15, 2004 Reply   
gl..gt..GN
Getting late already...

Bruxville Jim 20:40 GMT August 15, 2004 Reply   
houston ken 20:36 GMT// Stops below 110.30 or so have been rumoured since the beginning of last week... Someone WANTS them now...

Bruxville Jim 20:38 GMT August 15, 2004 Reply   
UAE Oil man 20:36 GMT // No doubt...

UAE Oil man 20:36 GMT August 15, 2004 Reply   
Profit factor, Sharpe ratios, Rina index, are more important that simple Percent profitable trades
//
Statistics: The only science that enables different experts using the same figures to draw different conclusions.
Evan Esar

houston ken 20:36 GMT August 15, 2004 Reply   
can anybody coment on what is happening to yen or is it just a retracment ?

GA TJ 20:29 GMT August 15, 2004 Reply   
nyc jk 20:18 GMT August 15, 2004

My college stats courses consisted of flirting with the beautiful coed sitting next to me. Needless to say I don't remember crap about stats but have often wondered what statistical studies are useful in evaluating trading systems and ideas.
Perhaps you would consider giving a brief outline in the Help Forum.

TIA

nyc jk 20:18 GMT August 15, 2004 Reply   
Jim, among others, I have a mathematics degree, so I know a thing or two about statistics. cheers

Bruxville Jim 20:17 GMT August 15, 2004 Reply   
Nice breakdown in jpy pairs. GEP, where is your TP on Gbp/Jpy short? Tia.

Bruxville Jim 20:12 GMT August 15, 2004 Reply   
nyc jk 19:59 GMT // The multiple of frequency (probability) and magnitude of winners vs. losers is what counts. +1000 pips target with a -7 pips stop - definitely the frequency of hitting the target matters here. You lose money all the time if the target is never hit. But then after 2 yrs it is hit and you end up in the black (or unfortunately still in the red). Alternatively, a +7 pips target with a -1000 pips stop? Same applies, constant small pips, but once your stop is hit - all your gains might be wiped out. Hope these extreme examples help to grab the essence... Magnitude*Frequency matters. Some of us here were taught statistics at school... gl.

nyc jk 19:59 GMT August 15, 2004 Reply   
ICT ML 22:52 GMT August 14, 2004
I calculated last week our YTD win to loss ratio is a pathetic 51-49, much lower than in the past. But the average winners were bigger than the average losers by a safe margin. And that is the secret to making $$$ and staying in the game.

ML - no truer words spoken on this forum. I have seen systems that lose money on 60% of the trades yet are very sucessful. It is the magnitude of winners vs losers NOT the frequency that counts. (ie positive expected value). You could be like the folks here who average losing positions again and again and make money on 70, 80% of your trades. However if you do this , the ones you lose on are the ones you are holding your biggest positions and that can lead to your account being wiped out or severely damaged.

Chicago Irish 19:07 GMT August 15, 2004 Reply   
Peurto Rico whup USA in Basketball.......hmmm does that mean whoever wins the Peurto Rican championships can call themselves "World Champions"? ........Love it.

Dallas GEP 18:59 GMT August 15, 2004 Reply   
IRAQ 2-0 this is moving faster than FX now...not surprising!!!

Dallas GEP 18:54 GMT August 15, 2004 Reply   
IRAQ 1-0 2nd half

Dallas GEP 18:18 GMT August 15, 2004 Reply   
End of 1st half 0-0 Iraq and Costa Rica

Dallas GEP 18:12 GMT August 15, 2004 Reply   
Dmmm make that gbp/jpy SHORT NOT LONG!!! LOL

Dallas GEP 18:11 GMT August 15, 2004 Reply   
Watching Iraq and Costa Rica playing 0-0 40 minutes into 1st half

Dallas GEP 18:09 GMT August 15, 2004 Reply   
Possies still open from Friday....gbp/chf long, gbp/jpy long and usd/cad long

Dallas GEP 18:08 GMT August 15, 2004 Reply   
OFF PipPirate!!! lol No gaps seen on one of my platform openings.

Rivonia PipPirate 17:55 GMT August 15, 2004 Reply   
LOL can anyone recommend a good mos_quito repellent? TIA

Bahrain Within 10 Pips (S/L = 10*Spread) 17:27 GMT August 15, 2004 Reply   
http://www.geocities.com/kalzayani/GBPCHF.htm
I think might start with an up 1 figure

Barcelona Tony 17:25 GMT August 15, 2004 Reply   
Good week everyone!

Juneau CAR 17:24 GMT August 15, 2004 Reply   
REbuilding Florida: What about the effect on the twin deficits?

ICT ML 17:22 GMT August 15, 2004 Reply   
Regarding the Hurricane and how it affects the US economy. When the rebuilding effort hits full stride it will be a boom, for jobs and for building industry sales.

Watch lumber futures to see what I mean. There was already too strong demand vs supply, with the US buying up and sending materials to Iraq. Add in continual record new housing starts in the last few years, and a canadian tarrif issue, which combined sent lumber, especially OSB sheathing and plywood to record levels. A 4x8 sheet of OSB went from $5.89 when I was building homes to $16.89 peak this summer locally. It pulled back to $12.89 recently and I'd expect it to take off to the upside again with the Florida situation. Dimensional lumber has risen but not nearly as drastic during the same time.

Now what the currency market thinks about it is an entirely different matter and I won't try to read their minds.

Bangkok bkk 17:02 GMT August 15, 2004 Reply   
Just a humble opinion.

Robot trading system for EUR/USD: Very Short-Term View (Day trade / Intraday trade)

The euro rallied 200 pips last Friday as the trend of weak data from the US continues. It is expected that EUR/USD will retest 1.2385/400 resistance zone early this week, and then fell to the level of 1.2300/1.2325 support zone to consolidate. Towards mid-week it is expected to become firm to the level of 1.2350 and by week end is expected to rally to the level of 1.2450 1.2480

Trading Strategy: 1) Take short during rise to 1.2380/400 on Monday and cover during correction to 1.2310/330
2) Good time to take long position during correction to 1.2310/330 before the end of the week and cover during rally to 1.2450/480 by the end of the week.

Note: For Intraday trade / Day trade

1.Always operate with 30-40 points stop loss above or
below the entry level.

2. Always, in a day, make it a point either to take long if
low price achieves first or to take short if high price
achieves first.

GL.

Bangkok bkk 17:02 GMT August 15, 2004 Reply   
Just a humble opinion.

Robot trading system for EUR/USD: Very Short-Term View (Day trade / Intraday trade)

The euro rallied 200 pips last Friday as the trend of weak data from the US continues. It is expected that EUR/USD will retest 1.2385/400 resistance zone early this week, and then fell to the level of 1.2300/1.2325 support zone to consolidate. Towards mid-week it is expected to become firm to the level of 1.2350 and by week end is expected to rally to the level of 1.2450 1.2480

Trading Strategy: 1) Take short during rise to 1.2380/400 on Monday and cover during correction to 1.2310/330
2) Good time to take long position during correction to 1.2310/330 before the end of the week and cover during rally to 1.2450/480 by the end of the week.

Note: For Intraday trade / Day trade

1.Always operate with 30-40 points stop loss above or
below the entry level.

2. Always, in a day, make it a point either to take long if
low price achieves first or to take short if high price
achieves first.

GL.

Dallas GEP 16:48 GMT August 15, 2004 Reply   
As we enter a new trading week, usd/cad should be watched carefully. This 1.3075/80 area should prove strong support for a initial target of 1.3120 and then more upside IMO.

Yen has been hurt the most lately by rising oil prices but expectations are that we will have some retracements on oil so expectations also are that the YEN will rebound some against all currencies with the exception of possible USD. EUR/JPY and gbp/jpy could see the most retracement with support for eur/jpy around 136.10 now

quito_ecuador_valdez 15:09 GMT August 15, 2004 Reply   
I think any child of 7 years can run a prediction of range involving some 500-600 pips for any given currency pair. It's like saying, "tomorrow the sky will be blue and the clouds will be white & gray & the grass will be green". Uh, right. I don't see the value in such broad zoned obvious predictions and certainly would NEVER pay for them. Get a grip.

quito_ecuador_valdez 15:00 GMT August 15, 2004 Reply   
Re: questions I've gotten in email & a question by Philadelphia below re: hurricane Charley, financial gurus I've talked to don't think the overall U.S. economy will be hurt in the slightest by the hurricane damage even tho damage is massive in some parts. It does not effect import/export to a great degree even tho Miami is a major U.S. port/international airport but certainly not the ONLY port nor international airport. We're worried by terrorists yet natural phenomina are 100 X more powerful yet USA lives thru it & gets over it. No terrorsit nor a truck load of them could do what a hurricane can. A big chunk of Florida's econ is retirees' pensions/incomes/estate taxes and tourism. (umm..Miami South Beach!) I can guarantee you that tourists in the form of photographers and just plain curiosity seekers will flock to gawk at the damage as well as "helpers" and convoys of fed funded stuff and dogooders...even tho they may have to camp out in sand & mud to party.

But who knows..FX is whimsical, musters on hype instead of logic in the short run (if you are a day/hour/minute trader). This week could be choppy. If so, I wouldn't trade for love nor money (especially the latter). In fact, I'm not.

quito_ecuador_valdez 14:40 GMT August 15, 2004 Reply   
Picking up on the comment below about the U.S. trade deficit vs USD, here's a news quip: what Warren Buffet recently did if that's any consequence:

Buffett ups bet against dollar to $19B(billion)

Value of his holding company's contracts in foreign currency had increased $8 billion by June 30. Aug 9, 2004: 3:36 PM EDT

NEW YORK (Reuters) - Warren Buffett increased Berkshire Hathaway Inc.'s bet against the U.S. dollar to $19 billion at the end of the first half of 2004, his holding company disclosed in a regulatory filing.

The value of the Omaha, Neb.-based company's contracts in foreign currency had increased $8 billion by June 30, the company said in its quarterly filing with the U.S. Securities and Exchange Commission.

Buffett previously disclosed making investments in five foreign currencies in a belief the dollar will decline in the long run as a result of the United States' ballooning trade deficit. He has never specified which currencies he was investing in, only saying they were major.

Read the whole story HERE.

hong kong nt 14:34 GMT August 15, 2004 Reply   
AB -- agree on your view brake is gently applied on the falling dollar...

jakarta darmasdt 14:19 GMT August 15, 2004 Reply   
hi, just want to say hello. I'm new here and will learn from you all. Regards.

Calcutta Vikram 13:18 GMT August 15, 2004 Reply   
Re: wisconsin tim 06:17 GMT August 14, 2004
Insert Stock Chart

Thanks a lot, Tim....will try it out. Sorry for the late acknowledgement....I logged in only today (after yesterday). Many thanks.

hk ab 09:57 GMT August 15, 2004 Reply   
The Sept hike may probably serve as a *terrible* surprise.

hk ab 09:55 GMT August 15, 2004 Reply   
nt// my bias is towards continual hiking until they see the oil price coming down.

I would like to check out the break down of decificit before new comments. To me 55 bil. is unusally large (remembering that the last one was a decrease). A further devaluation of USD will significantly increase the value of imports (which would just simply add above on the 55 again)....

Maybe Greensy and Snowy now understand the truth and abandon their WEAK USD policy in these 2 years?


Brisbane L 08:09 GMT August 15, 2004 Reply   
The Prime Minister, John Howard, today all but ruled out an election before October at the earliest, saying Australia was focused on the Olympics.Mr Howard can go to the polls as late as April next year
AAP

Sydney Alimin 06:58 GMT August 15, 2004 Reply   
Dr Q, so we could still expect some room to the upside for gbp till 1.85 handle?may i know your super magnet for this pair for next week? TIA again

hong kong nt 06:26 GMT August 15, 2004 Reply   
AB -- will expectation of rate hike decrease demand of USD thru less purchase of US bonds and stocks?

houston st 04:41 GMT August 15, 2004 Reply   
Texans 18, Cowboys 0.... :)

USA Biscuit Boy 03:25 GMT August 15, 2004 Reply   
Hi Dallas my platform is open for trade on the weekend but no change at all....eur/usd 1.2368/78 as a guide. I have only ever seen a significant price move once before New Zealand open on a weekend and that is when Saddam was captured and the dollar came back nearly 200 pips against the majors before banks were open for trade. Hope this helps.

wisconsin tim 01:44 GMT August 15, 2004 Reply   
It's funny how things work out ... I was finishing my TA Stocks and Commodities mag and came across this ...


Sneak Preview ...
Risk/Reward: Another Approach to Both by Don Bright

Wonder what approach this article will put forth

Melbourne Qindex 01:21 GMT August 15, 2004 Reply   
Sydney Alimin 12:10 GMT - GBP/USD : It is not good if the market make an about turn in front of 1.8532.

wisconsin tim 01:02 GMT August 15, 2004 Reply   
ICT ... well put and know of which you speak all too well =)

and I understand that it's the 10 loser's in a row that might put you out of the game whether the next 90 are correct or not,

but ... is there a point where adding to your risk per trade(s), and lowering your profit objective(s) that has an opposite effect -> increases your winning percentage and at the same time increases your net return.

 




Actionable trading levels delivered LIVE to YOUR charts

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 27 May 2019
AAGB/US- Holiday
Tue 28 May 2019
A 14:00 US- Consumer Confidence
C 13:00 US- Case-Shiller
Wed 29 May 2019
A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
AAEZ/CH- Holiday
A 12:30 US- Weekly Jobless
Fri 31 Mar 2019
AA 10:00 EZ- Flash HICP
A 12:30 US- Personal Income, Spending, Deflator
AA 14:00 US- Final Univ of Michigan


Global-View Affiliate Program

We are starting an affiliate program to market some of our products.

Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.

Put the word "affiliate" in the email subject line.

Contact us

Start trading with forex broker Markets Cube




pic

Retail Forex Brokerage Changing!

Are you looking for your first broker or do you need of a new one? There are more critical things to consider than you might have thought.

We were trading long before there were online brokers. Global-View has been directly involved with the industry since its infancy. We've seen everything and are up-to-data with recent regulatory changes.

Our Best Brokers listing section includes:Forex Broker Reviews, Forex Broker Directory, Forex Broker Comparisons and advice on How to Choose a Forex Broker

If would like guidance, advice, or have any concerns at all ASK US. We are here to help you.

SEE Our Best Brokers List

Currency Trading Tools

  • Live rates, currency news, fx charts. 

  • Research reports and currency forecasts.

  • Foreign Exchange database and history.

  • Weekly economic calendar.

Directory of  Forex trading tools

 
Terms of Use    Disclaimer    Privacy Policy    Contact    Site Map


Forex Forum
Forex Trading Forum
Forex Forum + forex rates
Forex Forum Archives
Forex Forum RSS
Free Registration

Trading Forums
Currency Forum Guide
Forum Directory
Open Forum
Futures Forum
Political Forum
Forex Brokers
Compare Forex Brokers
Forex Broker News
Forex Broker Hotline

Online Forex Trading
Forex Trading Tools
Currency Trading Tools
Forex Database
FX Chart Points
Risk/Carry Trade Chart Points
Economic Calendar
Quicklinks to Economic Data
Currency Futures Swaps
Fibonacci Calculator
Currency Futures Calculator

Forex Education
Forex Learning Center
FX Trading Basics Course
Forex Trading Course
Forex Trading Handbook

Forex Analysis
Forex Forecasts
Interest Rate Forecasts
Central Bank Forecasts

FX Charts and Quotes
Live FX Rates
Live Global Market Quotes
Live Forex Charts
US Dollar Index Chart
Global Chart Gallery
Daily Market Tracker
Forex News
Forex Blog
Forex News
Forex Blog Archives
Forex News RSS
Forex Services
Forex Products
GVI Forex
Free Trials
FX Bookstore
Managed Forex Accounts
FX Jobs and Careers
Jobs USA
Jobs UK
Jobs Canada

Forex Forum

The Global-View Forex Forum is the hub for currency trading on the web. Founded in 1996, it was the original forex forum and is still the place where forex traders around the globe come 24/7 looking for currency trading ideas, breaking forex news, fx trading rumors, fx flows and more. This is where you can find a full suite of forex trading tools, including a complete fx database, forex chart points, live currency rates, and live fx charts. In addition, there is a forex brokers directory where you can compare forex brokers. There is also a forex brokers hotline where you can ask for help choosing a forex broker that meets your individual fx trading needs. Interact on the same venue to discuss forex trading.

Forex News

The forex forum is where traders come to discuss the forex market. It is one of the few places where forex traders of all levels of experience, from novice to professionals, interact on the same venue to discuss forex trading. There is also the GVI Forex, which is a private subscription service where professional and experienced currency traders meet in a private forex forum. it is like a virtual forex trading room. This is open to forex traders of all levels of experience to view but only experienced currency tradingprofessionals can post.

Currency Trading

Currency trading charts are updated daily using the forex trading ranges posted in the Global-View forex database. You will also find technical indicators on the fx trading charts, e.g. moving averages for currencies such as the EURUSD. This is another forex trading tool provided by Global-View.com.

Forex Brokers

The forex database can be used to access high, low, close daily forex ranges for key currency pairs, such as the EURUSD, USDJPY, USDCHF, GBPUSD, USDCAD, AUD, NZD and major crosses, including EURJPY, EURGBP, EURCHF, GBPJPY, GBPCHF and CHFJPY. Data for these currency trading pairs dating back to January 1, 1999 can be downloaded to an Excel spreadsheet.

Forex Trading

Forex chart points are in a currency trading table that includes; latest fx tradinghigh-low-close range, Bollinger Bands, Fibonacci retracement levels, daily forex pivot points support and resistance levels, average daily forex range, MACD for the different currency trading pairs. You can look on the forex forum for updates when one of the fx trading tools is updated.

FX Trading

Global-View also offers a full fx trading chart gallery that includes fx pairs, such as the EURUSD, commodities, stocks and bonds. In a fx trading world where markets are integrated, the chart gallery is a valuable trading tool. Look for updates on the Forex Forum when the chart gallery is updated.

Forex Blog

Global-View.com also offers a forex blog, where articles of interest for currency trading are posted throughout the day. The forex blog articles come from outside sources, including forex brokers research as well as from the professionals at Global-View.com. This forex blog includes the Daily Forex View, Market Chatter and technical forex blog updates. In additional to its real time forex forum, there are also Member Forums available for more in depth forex trading discussions.

 

WARNING: FOREIGN EXCHANGE TRADING AND INVESTMENT IN DERIVATIVES CAN BE VERY SPECULATIVE AND MAY RESULT IN LOSSES AS WELL AS PROFITS. FOREIGN EXCHANGE AND DERIVATIVES TRADING IS NOT SUITABLE FOR MANY MEMBERS OF THE PUBLIC AND ONLY RISK CAPITAL SHOULD BE APPLIED. THE WEBSITE DOES NOT TAKE INTO ACCOUNT SPECIAL INVESTMENT GOALS, THE FINANCIAL SITUATION OR SPECIFIC REQUIREMENTS OF INDIVIDUAL USERS. YOU SHOULD CAREFULLY CONSIDER YOUR FINANCIAL SITUATION AND CONSULT YOUR FINANCIAL ADVISORS AS TO THE SUITABILITY TO YOUR SITUATION PRIOR TO MAKING ANY INVESTMENT OR ENTERING INTO ANY TRANSACTIONS.

By using this website, you are agreeing to our Privacy Policy and Terms of Use, and Cookie Policy

Copyright ©1996-2019 Global-View. All Rights Reserved.
Hosting and Development by Blue 105

?>