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Forex Forum Archive for 08/31/2004

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syd 23:57 GMT August 31, 2004 Reply   
FloridA vv ;-)

Sydney Alimin 23:56 GMT August 31, 2004 Reply   
guys, i would be cautious taking positions now, euro's close above 1.2180 is significant, let's see if it can hold there

at the moment the clear picture is potential SHS formation on daily, but as someone pointed out before this could be a set up for inverse SHS formation especially if friday's NFP permits such a move and at the moment it looks like it could be the case and perfect timing

FloridA vv 23:54 GMT August 31, 2004 Reply   
syd 23:47 GMT August 31, 2004
U.S. dollar was struck down by weaker-than-expected U.S. consumer confidence

Looks like somebody is prepearing us to get burnt once again.
Yeh... when they screem Fire, Fire all the time and doing opposite, people (smart ones) will stop rushing out of their houses to loook where the fire is. . I mean go long with the $

Off cource I'm mistaken again. ;))

Miami OMIL (/;-> 23:48 GMT August 31, 2004 Reply   
MELB RJK 22:47 GMT August 31, 2004
I see you are getting good advise already from the forum the idea is to collect the information and use it at your discretion do not let others influence what you do in life. Try using the archives in this forum they are helpful and one more thing there is no easy money in this world. I do it because I love it not because I will make millions from it. You need a system that works for you. I have talked about systems and money management before all you need to do is type my initials and the word that you are looking for in my comments and the archives have most of my comments. There are very good traders here so you can do the same and see what there comments are too. This is not 100 yard dash is a real marathon and there are no guaranties that after all the effort you put in to it you will finish the race let alone win it IMHO. I hope that helps. GL GT

syd 23:47 GMT August 31, 2004 Reply   
U.S. dollar was struck down by weaker-than-expected U.S. consumer confidence and regional manufacturing reports. That ignited suspicion Friday's U.S. jobs figures could show
minimal employment growth, which in turn could threaten to derail the U.S. Federal Reserve's plan to measuredly lift rates.
The nervousness about Friday's payrolls is building and in
this environment, traders overnight looked to square up dollar
longs, maybe even extend in to a short dollar positions
reuters.

FloridA vv 23:45 GMT August 31, 2004 Reply   
NYC PCM 23:39 GMT August 31, 2004
Melb RJK


3 years and 40 grands. But really not sure if I'm master in this censored lovely thing - ForeX. Though pay my bills and have smth. left over.

NY GG 23:44 GMT August 31, 2004 Reply   
RJK

just to add a little more to what I posted below. when a trader comes into this business it is usually with high expectations but with very little regard to the risks in this business. yes I said BUSINESS. if you were to open a bar, you would write a business plan first, wouldn't you?

sure taking a profit of 20pips is nice especially if you have a good R^R i.e. win 3 trades to every 2 you lose. however, my observation is that a lot of traders are not prepared for the pyschological point in a trade when it's time to close it for a loss. to this end, it is important to place stops and this will allow you to move on to the next trade. if you are risking 10 pips to gain 20 with a win ratio of 3/2, then you can see that your account will grow steadily. by increasing it slowly you can review your account once a month and ask yourself if you can increase the size of your lots in proportion to your account balance. for heavens sake DON't put all your account on one trade with 400/1 leverage. I mean, what are the odds of you getting it right each and every time? if you go the the casino, and I like to!, do you put all your money for your first bet on one card or red on the roulette wheel? No, I thought so.

so, you can see that proper funding of your account, in tandem with sound money management techniques will contribute to your overall success.

finally, i would say that most people that come into forex are NOT suited to trading. they tend to be too emotional are shackled as a result of this. you must be prepared pyschcologically to accept losses. read Freud Mourning and Melancholia to understand this better and of course Mark Douglas - the Disciplined Trader.

GTs

Wien GD 23:44 GMT August 31, 2004 Reply   
GEP: agree ... have a lot of very small possies (about 30 in the moment) ... all together (margin) only about 3% of my deposits ... means very low risc .... my stops are range/base-bound stops ... f.e. EUR 1.1968 ... almost all of my closed possies are profits (this is no joke!) ... it's only a matter of time until they turn into profits ... one day, two days, sometimes some days.

GG: agree ... agree ... its much easier to trade with "wide" stops and small possies ... I feel like a guy who has very very deep profits ... although I've only 50K mini account.
But : I do add to possies, f.e. buy EUR at 1.2120, 1.2060 and 1.2008. But I do not double.
Small possies ... wide (=almost no) stops ... works indeed very fine for me.

Melb rjK: imho - wide stops & small possies & patience are the keys.

NYC PCM 23:39 GMT August 31, 2004 Reply   
Melb RJK

It took me 5 years and about $50,000 before I could make a living at trading.

I believe the stats are something like 90% of traders fail in the first year, half the remainder in the 2nd year and only 1/2 of those go on to really make money.

Yet this is NOT rocket science, with good money management and a very simple system (like the MA crossover method somebody posted) you can succeed.

Why is it so hard to succeed in trading? In my view becasue of the psychological factor. when you sit down to trade you're risking 2 things in a very fast real time environment where you see instant results win or lose). Those 2 things are "money" and your own "ego or self esteem". This is a very, very dangerous concoction! It brings out every kind of emotion possible - you have to face every one of your own inner demons, because you can bet they will come out in trading, and if you let them influence your trading decisions then you will lose all your money.

I could go on for a long time about this.................it's been a constant battle for me and an incredible learning expereince personally.

The bottom line is: are you ready to face all those inner demons? Do you have sufficient capital to survive the time ti will take to master them.

Ldn 23:34 GMT August 31, 2004 Reply   
Safe-haven buying in Gold due to factors like blasts in Russia, Israel, while Iraq militants executed 12 kidnapped Nepalese - largest number of foreign hostages killed at one time by insurgents in Iraq. In 2nd terrorist attack to hit Russia in week, woman blew herself up outside subway station, killing at least 10; suspicion naturally to fall on Chechen rebels. And more volatility in Middle East with Palestinian suicide bombers blowing up 2 buses in Beersheba, killing at least 16 in 1st major attack inside Israel in nearly 6 months; Israel already warning of retaliation
reuters news.

Prague JV 23:22 GMT August 31, 2004 Reply   
....demo trading is OK I will prepare you , if you willing to learn ......

Sorry shold read .....demo trading is OK , IT will prepare you ......

MELB RJK 23:20 GMT August 31, 2004 Reply   
I have just asked Jay for the url that will scroll
i can only see the last few posts

Prague JV 23:19 GMT August 31, 2004 Reply   
MELB RJK 22:47 GMT August 31, 2004

........to the point now where I should give up and go and do something else........

I d like to congratulate you , for being still cleary thinking , coz it is easy to get lost in Forex and develop addiction with gambling perspectives .
Forex is hard work , and should be taken that way . No exitment ( emotional trading ) is reccomended .... and so on . . do not hurry open new acc. demo trading is OK I will prepare you , if you willing to learn .

Dallas GEP 23:16 GMT August 31, 2004 Reply   
Not in yet but usd/cad COULD potentially go to 1.3050. It is TEMPTING to long from 1.3100. I know we have some AUSSIE bulls here but to me .7080-.7100 is just an outstanding short in my view. I can't really tell you what euro might do, VERY mixed. In fact it is better NOW to use 1-2 hour charts instead of shorter term ones.

Dallas GEP 23:11 GMT August 31, 2004 Reply   
RJK, Jay and John are the moderators and systems folks that make this site run (sometimes referree as well). Do a great job here and are very experienced themselves in the trading area as well. Great resource.

[email protected]

FloridA vv 23:09 GMT August 31, 2004 Reply   
Jay is the Host of this web site. Go "contact us" and place as a subject Attn. Jay

FloridA vv 23:08 GMT August 31, 2004 Reply   
MELB RJK 22:47 GMT August 31, 2004
Hi there
I have consistly lost everything

Here is a tip: open small Usd/Jpy long here s/l 108.50 t/p 111. for 2 weeks by now. later may change t/p targets. Depens on price-time relation.

MELB RJK 23:07 GMT August 31, 2004 Reply   
I dont know who jay is

MELB RJK 23:07 GMT August 31, 2004 Reply   
I dont know who jay is

MELB RJK 23:05 GMT August 31, 2004 Reply   
I have been playing at it for about 2 months
in the mini forex
there is no money left in my account and I am now trying to decide whether or not to have another go
I guess there is a learning curve

I do know who jay is
also i need the url for the forum that will scroll
i cant read some of the posts
regards rjk

NY GG 23:05 GMT August 31, 2004 Reply   
RJK

unfortunately, August is a particularly difficult month to trade, very similar to December. If do continue trading, then avaid these months like the plague. I've been sidelined for 6 weeks now, but will be back within the next 2 weeks.

Also, do you have a system? Have you demo traded enough to get a feel for the market? Are you going very one currency pair to the next not knowing why?

My advice is to make sure you are properly capitalized i.e. not less than 10k for a standard account and not less than 3k for a mini. Your leverage should NEVER be more than 50/1/ . NEVER put more than 5% on any one trade. NEVER double up or down if you're losing. CUT your losses PERIOD. TAKE small profits of between 20 to 50pips for intraday positions. I trade long term for 100-200 pips on average which can take up to 3 days sometimes. Scalping is difficult, in fact I find it next to impossible. Good luck to anyone who can turn a profit.

DESIGN a system. DON'T trade off the postings in this forum - you'll lose in the long (short) term. A simple system for scalping could involve using a simple MA crossover technique. e.g. a 20sma and a 5sma on either the 5min or 15min chart. For longer term trading put a 13ema and a 5ema over a 1hour chart. In both cases wait for a crossover and then buy in that direction. Remember to have a stop loss in place - NO MATTER WHAT!

Of course, these two systems are rather simple, but can be enhanced immensely with understanding candlestick patterns. Read Steve Nison's guide to candlesticks.

Oh, finally, demo trade until you are profitable. While I've been away from trading with real money I've been demo trading and keeping my skills honed and this is despite having many years experience. Don't be afraid to try differnt things. But DON'T listen to others.
GTs

MELB RJK 22:47 GMT August 31, 2004
Hi there
I have consistly lost everything I put in to this forex market
I have made a few profits but mostly losses
to the point now where I should give up and go and do something else.
Can anyone tell me how you can make a profit ?
why does the market go against me almost every time?
is there anyone actually making a living doing this?
not a happy camper

Boston mpd004 23:01 GMT August 31, 2004 Reply   
MELB/rjk...maybe you should be like george costanza on "seinfeld". when you think you want to go long, go short and vice versa. lol...just kidding!

FloridA vv 23:00 GMT August 31, 2004 Reply   
MELB RJK 22:47 GMT August 31, 2004
Hi there
I have consistly lost everything

Well. How long have u been trading?
What is ur ballance?
How meny pozzies u have open in one pair at a time,
How many trades u place a day, a week, a month?
What u use as a signal to open a pozzie?
And so on so on so on?
If u want to answer those questions and get an advise ask Jay for my e-mail.
GL

NYC YIPPEE 22:57 GMT August 31, 2004 Reply   
MELB RJK 22:53 GMT August 31, 2004

If you have no idea what you are doing, and simply flipping a coin with your trading you are essentially playing with odds less than 50/50.

This market may seem very easy from a distance, however it is the complete opposite. Pain, and frustration and frequent partners alongside profits and success.

QC Swap 22:56 GMT August 31, 2004 Reply   
Still holding USD/CAD long.

nyc jk 22:55 GMT August 31, 2004 Reply   
Dallas GEP 22:18 GMT August 31, 2004
agreed GEP.

Boca Raton 22:55 GMT August 31, 2004 Reply   
Dynex DC, you seem to be the only person representing a company without a hard sales pitch yet.

MELB RJK 22:53 GMT August 31, 2004 Reply   
Yippee you are most likely right
the lure of easy money is strong
this is just like gambling

can someone post the forum url that will scroll please

NYC YIPPEE 22:50 GMT August 31, 2004 Reply   
MELB RJK 22:47 GMT August 31, 2004

I think you should listen to your own advice.
Walk away....

MELB RJK 22:47 GMT August 31, 2004 Reply   
Hi there
I have consistly lost everything I put in to this forex market
I have made a few profits but mostly losses
to the point now where I should give up and go and do something else.
Can anyone tell me how you can make a profit ?
why does the market go against me almost every time?
is there anyone actually making a living doing this?
not a happy camper

Geneva DC 22:45 GMT August 31, 2004 Reply   
GEP
you seem to be the only person here with deep enough pockets
fully agree with your long term positioning methods
weekly charts reveal all
keep strong!!!
and you will prevail

Ldn 22:29 GMT August 31, 2004 Reply   
AUS Q2 GDP seen expanding 1.1% IFR

Dallas GEP 22:18 GMT August 31, 2004 Reply   
One more point and I will go back in my hole!!! LOL. I think this market DEFINITELY calls for SMALLER possies with wider stops.

Dallas GEP 22:12 GMT August 31, 2004 Reply   
Have some euro shorts from MUCH earlier @ 1.2163 which should be recoverable tonight I think.

No other possies right now. EUR/GBP shorts are setting up and gbp/chf longs.

NOTE: This summer market is VERY difficult. The last 3 or 4 possies I have taken have ALL moved against technicals and it has been a real fight to get them back to BE and small profits. In fact, had I taken them the OTHER way, 100-150 pips could have been earned considerably MORE than what I earned on them going the WRONG way!!! Basically, reversals are NOT working and continuations appear to be in play after small pullbacks from resistance and support. There seems to be FEWER orders at typical reistance and support points so price action is pushing thru these points INSTEAD of being repelled. I will attempt to take now orders that are fully confirmed for 20-30 pips gains if they are presented, GBP seems to be more predictable than EURO...very unusual indeed.

San Diego Devi 22:10 GMT August 31, 2004 Reply   
Tom,

I did research on W.D. gann's stuff for the last 4-5 years, although somethings are helpful in understanding, when it comes to practicality I couldn't come up with a system that works for me consistently. One area of his teachings that I have done limited research is in Financial Astrology. Once again people claim to use this successfully for forecasting turning points.
After looking at all this stuff, one area that may be worth further rearching is Vedic Astrology, very ancient Indian Astrology which apparently is a very good timing tool. I have just begun learning the basics from my relatives in India.

NYC PCM 22:09 GMT August 31, 2004 Reply   
W.D. Gann

Yes - controversial!

You need to research him and fiddle around with his methodologies. Personally I just use the Gann Angles. You have to spend a lot of time figuring out what settings work with each market but once you find them they work consistently (in my experience). the basically allow you to establish trend lines before there are any swing high/lows to allow you to draw in a trend line. -Rather useful!

I've come to the conclusion that every market has its own "geometry" in this respect, just as it has its own time cycles.

Why? That's where you get into the really interesting philosophical stuff!

potsville tom 21:59 GMT August 31, 2004 Reply   
do some research on w.d gann. i think hes a fraud. but then again, if enough people follow his strategy there is some power in it. your call.

San Diego Devi 21:55 GMT August 31, 2004 Reply   
Sorry I meant to say "Time is more important than Price"

San Diego Devi 21:54 GMT August 31, 2004 Reply   
Potsville Tom,
W. D . Gann and Gann Wheel Man are 2 separate beings. W. D. Gann is considered an icon in trading but due to the cryptic nature of many of his teachings, people get dissappointed with his books/courses.
I took Gann Wheel Man's classes, he is some one who claims to understand all the W.D. Gann's teachings specially the part on "Time is more than Price"

syd 21:53 GMT August 31, 2004 Reply   
[AUST GDP PREVIEW] Aust economy is looking to have posted a robust performance over the June qtr, with median consensus centering on a solid 0.9% quarterly growth for Q2 after Q1's tepid +0.2% rise, and resulting in an annual rate of +3.9% from +3.2% in Q1. It would not be a surprise if Q2 GDP betters market expectations though, with this week's run of strong data that has so far has seen Q2 company profits surge, as well as slightly less negative inventories and net exports detractions, posing some upwards risks to Wednesday's readings. We have revised up our forecast, and are now looking at a 1-1.1% quarterly growth, with the risk that GDP may hit 4% on an annual basis. Key drivers are expected to be ongoing brisk consumer demand and a rebound in business investments over the quarter, with Q1's disappointing growth potentially to be revised higher. Data due Wed 1.30GMT

censored global trading

Dallas GEP 21:48 GMT August 31, 2004 Reply   
Closed usd/chf longs at BE 1.2662.

potsville tom 21:42 GMT August 31, 2004 Reply   
before you commit to gann. do some research on on the gann man himself. many beleive hes a fraud, and many swear by his teachings.

Philadelphia caba 21:38 GMT August 31, 2004 Reply   
NYC PCM 21:36 GMT August 31, 2004
Philadelphia caba

If you can find the right settings for Gann angles (they're different for each market) they're awesome.

I have to learn and learn and...

potsville tom 21:37 GMT August 31, 2004 Reply   
dont bother with gann. its useless

NYC PCM 21:36 GMT August 31, 2004 Reply   
Philadelphia caba

If you can find the right settings for Gann angles (they're different for each market) they're awesome.

Oakland daimyo 21:09 GMT August 31, 2004 Reply   
Closed intraday EUR/USD longs @ 1.2180--- +60 Month end reporting easier w/o open positions. Waiting to see what next month brings. Close the books, new month begins tomorrow. Buy on Dip favored for time being.

Philadelphia caba 21:05 GMT August 31, 2004 Reply   
london chippie 21:00 GMT August 31, 2004
Thanks.

london chippie 21:00 GMT August 31, 2004 Reply   
caba.....Gann is here....

http://www.equis.com/Education/TAAZ/?page=60

London 20:54 GMT August 31, 2004 Reply   
Recently tepid data in the US, especially the last two payroll figures, have led some analsyts to believe that the U.S. economic recovery has slowed, if not stagnated with final proof on Friday

syd 20:49 GMT August 31, 2004 Reply   
The fall in US bond yields lifted the higher yielding currencies with AUD yields at 137bp over US bonds at the highs
for the month.

Philadelphia caba 20:38 GMT August 31, 2004 Reply   
NYC PCM 20:17 GMT August 31, 2004
Philadelphia caba.

I'm using a descending Gann angle as a stop for shorts acquired in this area, and ultimately if we go higher my stop will be the 8/17 high

Thanks, but absolutely have no idea what Gann angle is.

San Diego Devi 20:25 GMT August 31, 2004 Reply   
NYC PCM,
I sent you an E-mail through Jay

Rivonia PipPirate 20:22 GMT August 31, 2004 Reply   
Funny ting, charts told me on 08-30-2004 :
$/cad poss ranges for 08-31-2004:
Daily: R1/S1(13246-13014) R2/S2(13273-13011)

Euro poss ranges for 08-31-2004:
Daily: R1/S1(12144-11999) R2/S2(12191-11951)

But then I was not using an abbacus and coloured pencils to do the calculations.

NYC PCM 20:17 GMT August 31, 2004 Reply   
Philadelphia caba.

I'm using a descending Gann angle as a stop for shorts acquired in this area, and ultimately if we go higher my stop will be the 8/17 high

syd 20:15 GMT August 31, 2004 Reply   
Option expiry today 71 aud.(large)

syd 20:14 GMT August 31, 2004 Reply   
A major factor for Kiwi gains is yield spreads. The NZ ten year bond over US bonds opened this morning at 203bp and the highest since March. The US data forced US yields even lower, improving further on the Kiwi premium.Issuance continues to underpin NZD with Merrill Lynch launching a MTN issue for NZ$125 mln on Tuesday. Ifr

Philadelphia caba 19:59 GMT August 31, 2004 Reply   
NYC PCM 19:44 GMT August 31, 2004
EUR/USD

Seems to me that the euro is either:
(a) going to top out very close to where we are now (or already has), or
(b) go back to challenge the trend line down from the all time high in February again.........

I've already begun building the short position, so it'd be nicer if solution (a) turns out to be the one!

where is your s/l? thanks.

Bahrain Within 10 Pips (S/L = 10*Spread) 19:50 GMT August 31, 2004 Reply   
1.3210 maybe ok for PT

Oakland daimyo 19:49 GMT August 31, 2004 Reply   
Livingston nh 19:26 GMT August 31, 2004

Point taken. Will look for it. However, enough cause has been built inside the P&F horizontal to effect a price rise to higher levels (1.2285). So @ very least , selling anywhere below here may be a costly operation (Significant scale in needed--I would prefer to wait for better levels to sell--don't believe in averaging in losers) C-ya tonight London time.

QC Swap 19:48 GMT August 31, 2004 Reply   
Bahrain

I've got another limit order there too.

Philadelphia caba 19:47 GMT August 31, 2004 Reply   
NYC PCM 19:44 GMT August 31, 2004

Philadelphia caba 19:47 GMT August 31, 2004 Reply   
Good afternoon, may I ask you whats your s/l for short EUR? Thanks

NYC PCM 19:44 GMT August 31, 2004 Reply   
EUR/USD

Seems to me that the euro is either:
(a) going to top out very close to where we are now (or already has), or
(b) go back to challenge the trend line down from the all time high in February again.........

I've already begun building the short position, so it'd be nicer if solution (a) turns out to be the one!

Bahrain Within 10 Pips (S/L = 10*Spread) 19:43 GMT August 31, 2004 Reply   
QC better at 3080

QC Swap 19:37 GMT August 31, 2004 Reply   
going long USD/CAD @1.3125

Oakland daimyo 19:36 GMT August 31, 2004 Reply   
San Diego Devi 19:11 GMT August 31, 2004
Good to see you posting. Keep it coming. You know what comes next---ST (secondary test)-- However, I believe this thing has more upside left in it. Don't guess; wait for the confirmed failure. ST might begin Friday on stronger than expected US #'s (unlikely scenario) Gonna ride this rally until shorts are finished being squeezed. Not looking to be greedy as the waters are getting murky.

quito_ecuador_valdez 19:34 GMT August 31, 2004 Reply   
I see the eur/usd chart as a "stinger" formation...scary, looks like a scorpion's tail poised to sting the first attempt of trading it. Dr. Sam's index (Sexdex) trading range level: 1.00-1.40

Livingston nh 19:26 GMT August 31, 2004 Reply   
Unscientific FWIW- There may be some last day of the month "noise" in today's move - a 140 to 150 pips wide day in EUR/USD is not unusual (reversing prior day or being reversed the next)

San Diego Devi 19:11 GMT August 31, 2004 Reply   
Daimyo,
I like the way you explained the Wyckoff automatic rally and the estimated TP with the point and figure calcs. Since I am learning this part of it, it is very helpful to see your posts.
Thank you

sar jf 19:09 GMT August 31, 2004 Reply   
Oakland daimyo 18:38 GMT August 31, 2004
the more the mkt sells rallies the easier to climb when no dips come - but friday its a house of cards and could be now you see me now you dont

quito_ecuador_valdez 19:06 GMT August 31, 2004 Reply   
Chicago Irish// How's the boat fund coming? Can I crew at least if I bring my own deck shoes and Dramamine?

Chicago goofy 18:24 GMT August 31, 2004
any side I see possible, by Friday,I say either 1:23XX or 1:19XX. IMHO.


My point exactly. Or somewhere in between. I think I'll label my dartboard with alternate "Buy" and "Sell" labels for this type of helter skelter trading environment (bullseye="Have a double Scotch"), or consult my pit bull Sam for an even more reliable TA/fundamental. He's been right on my last 2 plays...1 woof=buy, 2 woofs=sell. Subscribe to Sam if you don't have access to his page.

GER ad 19:03 GMT August 31, 2004 Reply   
USD/JPY;USD/CHF,
out at 109.25 and 1.2673

Bahrain Within 10 Pips (S/L = 10*Spread) 18:56 GMT August 31, 2004 Reply   
Sort of trust my levels?

Chicago Irish 18:40 GMT August 31, 2004 Reply   
From your PC to God's ears Revdax :-)

Oakland daimyo 18:38 GMT August 31, 2004 Reply   
The more everyone keeps predicting the high in EUR/USD the more comfortable I feel w/ my 1.2120 long from last night. Holding as I believe we can now kiss 1.20 goodbye to establish --1.2180--1.2350 range. ---
10 x 3 P&F horizontal count = 10
Upside Price Tgt = 10 x 0.0010 x 3 = 0.0300 pips
From 1.1990/80= 1.1985 + 0.0300 = 1.2285

We are in the automatic recovery stage of the Wyckoff Trading Range (accumulation). I would not try to predict the top during this cycle. The composite operator is allowing prices to adjust higher in an effort to promote higher (spec crowd) Having been taken @ the low, looking to run up & catch @ the high. 4 HR & Daily Fractal tops were taken today @ 1.2136 which confirms upward price movement. Also we have not seen a reversal on 10 x 3, indicating significant intraday buying pressure. Weekly pivot = 1.2313 and will look for evidence of selling campaigns there. Short squeeze to 1.2313, then 1.2350 dump on laggards likely C.O. motive @ this time. GL & GT

van revdax 18:36 GMT August 31, 2004 Reply   
The US$ on an intermediate term basis has topped out. Any rally should be used as an opportunity to sell.

quito_ecuador_valdez 18:33 GMT August 31, 2004 Reply   
nyc jk 18:21 GMT August 31, 2004
valdez - ... seems like not a whole lot left to make trading decisions from....

Yer 100% Correct. The mkt to me lately is highly wishy washy, fickle, maybe hinting at trend change, maybe not, hence my wishy washyness posts today, pointing out to unseasoned traders the same..it's wishy washy at best. Wachout. Gotta run. Bash me in the political forum, I look fwd to it. At least I don't (won't) charge $ for vague soothsaying. ;^)

Bahrain Within 10 Pips (S/L = 10*Spread) 18:26 GMT August 31, 2004 Reply   
Guys...as much as I Like to believe that the euro will keep rally...
I just don't see it!!
It will hard for to keep the rally...(If any)

quito_ecuador_valdez 18:26 GMT August 31, 2004 Reply   
Last factor for our FX international community to consider. November through January are big retail sales months due to the commercialization of Christmas (Dec 25) in predominately Christian derivitive countries. This isn't cause to open political forum discussions here on the FX forum, just economic fact. As always expect to see super retail sales/jobs numbers from those countries from mid November up to 2nd week in January (after Christmas promotional sales), then expect to see a vaccuum for retail sales. That vaccuum is quickly replaced with upped manufactur's sales to supply stores for February-April sales and so on. Scribble this into your TA and fundamentals to further confuse you and build a logic track which will be undermined of course by a fickle FX market, geopoliticals, war, climate and the way you hold your upper lip.

Chicago goofy 18:24 GMT August 31, 2004 Reply   
any side I see possible, by Friday,I say either 1:23XX or 1:19XX. IMHO.

Boca Raton 18:24 GMT August 31, 2004 Reply   
Dallas, Did you double up your dollar/Swiss long at 1.2625?

Dallas GEP 18:21 GMT August 31, 2004 Reply   
MArtin, on Aussie and NZD shorts, where would you suggest that stops need to be???

Bucharest Razvan 18:21 GMT August 31, 2004 Reply   
Well well.. just turned on the station for a nice (but hardly unexpected) surprise :) 1.2150 entry got hit. Target around mid-channel at 1.2350. I'd sure like to hear some short-mid term opinions on this pair if you've got some to spare.. happy trades y'all..

nyc jk 18:21 GMT August 31, 2004 Reply   
valdez - ic today you are more or less saying fundamentals and technicals don't work, previously I have seen you knock models and other statistical based approaches. seems like not a whole lot left to make trading decisions from....

Bahrain Within 10 Pips (S/L = 10*Spread) 18:19 GMT August 31, 2004 Reply   
Eur/Cad is the first to take the beating.

quito_ecuador_valdez 18:15 GMT August 31, 2004 Reply   
Spen// Even tho most here are day traders (or pip raiders), a 250-270 day cycle permits the observance of the PROPENSITY for certain trades to happen. Such as if we're on an uptrend, then obviously longing a pair is more likely to win statistically than shorting. And vice versa. Even for day traders and swing traders knowing the trend is helpful. Pip raiding has nothing to do with anything, it's pickpocketing Lady Luck and involves the greater part of the 95% of FX traders who fail yet some (rare birds) do manage to escape with large FX accumulated fortunes.

quito_ecuador_valdez 18:08 GMT August 31, 2004 Reply   
TLN Jack8 17:36 GMT August 31, 2004
quito_ecuador_valdez , You don't think eur/usd will go down to 1.208 before raising to 1.24??

To answer your question and make a point for all, from a chartist point of view, viewing EUR/USD 1 day/1 year chart, we seem to be on another cyclic rise to 1.24ish presently adn on the short run. But this chart in the long run looks like it's leveling off actually, contrary to what it looked like a couple months ago, back then a continued rise. Presently we're below the 3 year support trend line as well, telling me things are trending (sort of) USD bullish. Now I'll switch hats.

But from a fundamental point of view that's wrong because sustained $40+ oil, interrupted Mid East flows, feared terrorism in USA, lousey oil reserve data, hurricanes stacked up on eastern US shores may recede a delicate US economy causing USD neg data to again raise the EUR/USD chart.

So do you see the delimas in soothsaying? Really it's anyone's guess (yours too) as to the future of prices since there are so many factors to consider. Then again, there's the incalculable market...it goes as an Ouija board. What we would LIKE to see has nothing to do with reality. "Life is like a box of chocolates...ya never know what yer gonna get." movie Forrest Gump.

BOSTON mpd004 18:07 GMT August 31, 2004 Reply   
ARLINGTON/Spen//..Thanks, much appreciated your response, I'll check it out. gl gt

Arlington Spen 18:04 GMT August 31, 2004 Reply   
quito_ecuador:
250-day cycle? Sounds interesting but way beyond my patience limit :-)

Bahrain Within 10 Pips (S/L = 10*Spread) 17:59 GMT August 31, 2004 Reply   
The drop has to happen...Max at 1.2230 area
will be nasty one

Bahrain Within 10 Pips (S/L = 10*Spread) 17:55 GMT August 31, 2004 Reply   
Dudes I think You might want to short euro
what ever You do...don't long it for another 2 days

quito_ecuador_valdez 17:48 GMT August 31, 2004 Reply   
Spen// Great post. I always like new TA since I'm an old chartist at heart (soon to become a mere hobby lest it cost me MORE $$). Will do some chart gazing this PM. Also note Mex sjs's 250-270 day eur/usd cycle he pointed out to me; that rocks.

Arlington Spen 17:36 GMT August 31, 2004 Reply   
BOSTON mpd004
sorry, can't give you a link it will be sensored. Open a daily bar chart in eur/usd (each bar = 1 day). Check out the last two weeks of price action. Price approached a bottom on Aug 23, then for three days there was a broadening formation. Now as you can see it is retracing back up. Also check out July 26 approach to the bottom. You can find many tops as well on your own in historical charts

TLN Jack8 17:36 GMT August 31, 2004 Reply   
quito_ecuador_valdez , You don't think eur/usd will go down to 1.208 before raising to 1.24??

quito_ecuador_valdez 17:36 GMT August 31, 2004 Reply   
Viktor & SD// Due to a WILD market and end-of-summer thin liquidity, anyone who makes predictions is playing roulette; so sorry, I can't help you lest I am wrong. My personality is that of a programmer; often times my "pure logic" conflicts with real market antics. I used to soothsay but these days I've shut up, I leave that to those who want to impress the world. The best of fundamentals and technicals alike are only vague factors (often misleading) in the present FX market, the way I see it.

Kuwait City SD 17:34 GMT August 31, 2004 Reply   
Surabaya Medallion 17:30 GMT August 31, 2004
thanx for the post.
GL
Happy trading.

Surabaya Medallion 17:30 GMT August 31, 2004 Reply   
I don't think the EUR is going to pass 1.22 without being supported by other U.S data. Still think it's going down to 1.215 in tomorrow Asian session and down further if data from USD is at least neutral.

Meanwhile I plan to sell my Yen tomorrow and make my position 100% USD. But will buy Euro back on Friday between 1.20-1.208.

prague viktor 17:25 GMT August 31, 2004 Reply   
quito_ecuador_valdez:Hi amigo,lets wait to 09/03 and how it will be theNFP this it will give the new direction ,do u think it will be100k??

Kuwait City SD 17:24 GMT August 31, 2004 Reply   
EUR/USD probably we can see 1.22 very soon, isn't it.

LA fxnew 17:18 GMT August 31, 2004 Reply   
yen probably will hit 109.40 area after NY session.

San Diego Devi 17:16 GMT August 31, 2004 Reply   
NYC PCM,
EUR/USD
Sorry I gave you the percentage settings for the 30 min chart instead of the 4 hour chart.
For the 4 hour chart, for 19 envelope, the percent setting is 0.5% and for the 9 envelope the percent setting is 0.25%.

Bahrain Within 10 Pips (S/L = 10*Spread) 17:14 GMT August 31, 2004 Reply   
Shorted NZ for 50 pips

NYC PCM 17:13 GMT August 31, 2004 Reply   
San Diego Devi

Sounds like we're doing similar things. If you like ask Jay for my Email and we can discuss this more.

quito_ecuador_valdez 17:12 GMT August 31, 2004 Reply   
I still don't see what's keeping the EUR/USD pair from trading at 1.24 or higher. Maybe it's a low Euro i.e. fear a Euroized EZ won't recoup soon (Deutchland's disaster) and with basket case countries joining up besides. The USA mass lay off data below for July sings a USD bear environment yet the USD bull still evades the matador's sword. Oil pains if kept > $40 may in 6 mos recede the US econ (says Roach of Morgan Stanley) & there are $50+ oil soothsayers on their soap boxes.

Bahrain Within 10 Pips (S/L = 10*Spread) 17:10 GMT August 31, 2004 Reply   
Nz Might be good short soon

San Diego Devi 17:08 GMT August 31, 2004 Reply   
Ny PCM,
Yes, I use momentum indicator, which I will explain in a minute to exit rallies from cycle lows.

I also acknowledge that occasionally, when I am not in a disciplined state of mind, I have made mistakes from being not able to see the obvious with these cycles, but when I am HERE & NOW, I find them very helpful. They don't help me to forecast prices, but they help me to figure "when" the momentum shifts .
For shorter time cycles I use 2 envelopes, 19 and 9. On the E-signal chart, envelope setting of 19 and percentage of 0.1% and 9 envelope with a setting of 0.05%. IN a down trend, I use the top envelope 9 line and its interaction with the midpoint of the 19 envelope line to decipher the momentum. In an upmove, it is the obttom 9 envelope's line & it;s interaction with the mid 19 envelope line.
This in conjunction with MACD is all I use for entries and exits for intraday trading.

To figure the bigger picture, for larger cycles, I go with 19-45 cycle and 45-90 time cycle on the 4hour chart. I do the same numbers on the daily chart as well.

The details of how to figure the interaction of the 2 lines I described for momentum will be too long winded to write on this forum.

BOSTON mpd004 17:01 GMT August 31, 2004 Reply   
Re: Arlington message

BOSTON mpd004 16:59 GMT August 31, 2004 Reply   
Oops, that was from me, mpd004, sorry, posted your name first

quito_ecuador_valdez 16:58 GMT August 31, 2004 Reply   
Tokyo ioio//
Thank you for posting here! Unfortunately we never see Japanese posters. Please feel welcome and invite your trading friends.

ARLINGTON spen 16.41 GMT 16:57 GMT August 31, 2004 Reply   
if you open a daily chart in eur/usd, you can see that at the tops or at the bottoms there is often a broadening formation, each succesive days range is wider both up and down. after 3 or 4 such days, the price reverses direction

Now you've got my curiosity peaked. Is it possible for you to post a link to a chart or something to show exactly what you mean? gt

Ldn 16:55 GMT August 31, 2004 Reply   
MASS LAYOFFS DATA.. The US Bureau of Labor Statistics has released its July tally of mass layoffs. These data are for the full month, so overlap with August payroll data (covering mid-July to mid-August) somewhat. The total of jobless claims due to mass layoffs was 253,929 in July, up 12.1% on the year and up 88.7% from June - a sizable rise, no matter how you look at it. Private non-farm layoffs are up 13.5% from a year ago. The total number of layoffs of at least 50 workers (the BLS definition of a "mass layoff") amounted to 2094, up 0.3% on the year and 51.8% from June.

Dallas MD 16:53 GMT August 31, 2004 Reply   
Closed my EUR/USD Short for +4 pips, done for the day, good luck everyone. See u all tomorrow.

GER ad 16:52 GMT August 31, 2004 Reply   
tokyo ioio 16:42 ,
IMHO the pressure comes from JPY crosses. In the last period of time JPY was stronger on crosses. One example: on Sunday we tried 131.60 in EUR/JPY and an hour to go 133.50 this was too much for the moment...so USD/JPY went down.

NYC PCM 16:50 GMT August 31, 2004 Reply   
San Diego Devi

Interesting so you use some kind of momentum indicator on the 4 hour chart to gauge when to exit rallies from cycle lows of the dimension we had on Sunday?

You use larger time frame charts to judge the momentum of larger scale cycles?

Arlington Spen 16:43 GMT August 31, 2004 Reply   
Gold Coast martin
in America a hundred people die in car crashes everyday. Hardly any news

tokyo ioio 16:42 GMT August 31, 2004 Reply   
anyone know why usd/jpy dropped down vigourously I were adviced to sell it few hours ago.
Just give one secret to a newbie and he will be thanks

Arlington Spen 16:41 GMT August 31, 2004 Reply   
Taipei PPKE:
if you open a daily chart in eur/usd, you can see that at the tops or at the bottoms there is often a broadening formation, each succesive days range is wider both up and down. after 3 or 4 such days, the price reverses direction

Bahrain Within 10 Pips (S/L = 10*Spread) 16:40 GMT August 31, 2004 Reply   
Wives also use children..and cooking when up to something (after a strong $ sniffy)
Laura, could you be nice to daddy these days while I am doing dinner (He Had a hard day at the office)
Mom, Why?
I'll tell you latter...Just do it! OK?
(This what's called family corruption Techniques)

GER ad 16:38 GMT August 31, 2004 Reply   
Long USD/JPY; USD/CHF,
closed 1/2 at 109 & 1.2654 and moved S/L for the rest at cost.

Bahrain Within 10 Pips (S/L = 10*Spread) 16:34 GMT August 31, 2004 Reply   
Helsinki iw 16:30 GMT August 31, 2000///
What about x-mass??
Gets closer ----> sniffing will be on a different level.
K9 Level.

Gold Coast martin 16:34 GMT August 31, 2004 Reply   
LDN...in russia tens of businessmen are eliminated everyday in the way of car bombs or shooting....hardly compelling forex news.....g/t

nyc jk 16:32 GMT August 31, 2004 Reply   
shorted some EUR @ 85, stop over 1.2220, tp open for now

Ldn 16:31 GMT August 31, 2004 Reply   
Car Explodes Near A Moscow Subway Station - Interfax

San Diego Devi 16:30 GMT August 31, 2004 Reply   
NY PCM,
I agree that it was a small cycle low, but until the momentum that has just barely begun on the upside on the 4 hour chart reverses/slows, one would see limited downside and more upside for intraday trading IMHO

Helsinki iw 16:30 GMT August 31, 2004 Reply   
It´s give and take Bahrain; let her sniff this and she´ll suck that later.

Bahrain Within 10 Pips (S/L = 10*Spread) 16:30 GMT August 31, 2004 Reply   
+ if You make it on the Yen
forget Chines,Thai...etc
They will link the evidence...maybe even look up a chart...next day.
Better then the FBI dudes

Chicago goofy 16:29 GMT August 31, 2004 Reply   
LA fxnews, I am ur follower, please advice the next step on Eur/Usd. Thanks in millions.

LA fxnew 16:28 GMT August 31, 2004 Reply   
bahrain:
didnt know that you only took several pips...
thought you were holding short on gbp/usd...

This current level is what I am talking about..

Bahrain Within 10 Pips (S/L = 10*Spread) 16:27 GMT August 31, 2004 Reply   
Traders Mistakes:
Never Ever take your wife for dinner after you made lots of money...Man they can sniff it!

NYC PCM 16:26 GMT August 31, 2004 Reply   
Eur /USD

San Diego Devi
"EUR/USD
On sunday night, when the low was made, there was a momentum shift on the 4 hour chart to the upside as measured by time cycles."

Yep - that was a small scale cycle low though. with the larger cycles pointing down I don't see how this can go a lot higher.

syd 16:26 GMT August 31, 2004 Reply   
IFR signal NZD breaks yesterday"s highs; 0.6595 targeted now fwiw

Taipei PPKE 16:25 GMT August 31, 2004 Reply   
Spen, pls elaborate.

cannes nc 16:25 GMT August 31, 2004 Reply   
please low bId and ask EBS FOR $CAD
TKS A LOT

San Diego Devi 16:22 GMT August 31, 2004 Reply   
EUR/USD
On sunday night, when the low was made, there was a momentum shift on the 4 hour chart to the upside as measured by time cycles.

Arlington Spen 16:22 GMT August 31, 2004 Reply   
did anybody else notice that a broadening formation in eur/usd after a substantial move (daily) most of the time signals a reversal?

HK PJS 16:21 GMT August 31, 2004 Reply   
you guys have any views on NZD

Chicago Irish 16:19 GMT August 31, 2004 Reply   
I like your style Boca :-)

Helsinki iw 16:19 GMT August 31, 2004 Reply   
Obvious resistance levels broken on EUR/USD and if past experience from the past few months is anything to go by, then all the break-out artists and momentum players are buying into the move. Maybe 50 pips more before they are long at the top?

NYC PCM 16:19 GMT August 31, 2004 Reply   
EUR/USD

Around the 50% retrace mark and at a key resistance angle now. Watching with interest.

A stronger move up than I would have expected, but perhapos peaking now.

Bahrain Within 10 Pips (S/L = 10*Spread) 16:18 GMT August 31, 2004 Reply   
Yen Long+GBP Short+chf Long= Very happy wife tonight....
Gonna be like "Hey Honey how about we go out for Dinner tonight"
Wife: "Wow...Nice we get to go out...Nice!!...Did you make money in Forex?
Husband:Naah...Just like to take my beatiful wife out tonight..

Ldn 16:16 GMT August 31, 2004 Reply   
Delayed reaction to weaker-than-expected economic data has put Sep S&P's in a bearish technical condition

GER ad 16:14 GMT August 31, 2004 Reply   
LOng USD/CHF at 1.2639 (50 pips S/L)

Boca Raton 16:14 GMT August 31, 2004 Reply   
Im out of the money guys, so no posts on where my stop is. I will say that I doubled up when USD/CHF is at 1.2850.

Miami OMIL (/;-> 16:12 GMT August 31, 2004 Reply   
This is dangerous territory for the bears the bulls have some kind of momentum right now for eur/usd pair with room enough on the intraday charts to challenge the resistance and retracement area IMHO. I will put a SAR instead of a stop on my position at this point although I still don’t think there is enough in the market to take out the resistance. I can also be very wrong and the move has started already with the daily indicators turning bullish at this point we will have to see the closing today. GL GT

QC Swap 16:11 GMT August 31, 2004 Reply   
Just range trading it for now until NFP #'s

Dallas MD 16:10 GMT August 31, 2004 Reply   
Short EUR/USD @ 1.2186

Target 1.2156 Stop 1.2199

GER ad 16:09 GMT August 31, 2004 Reply   
Long USD/JPY at 108.86 (30 pips S/L)

hk ab 16:08 GMT August 31, 2004 Reply   
10 pips// sorry, nope.

hk ab 16:08 GMT August 31, 2004 Reply   
6 days left till we see Sept 6th.

Bahrain Within 10 Pips (S/L = 10*Spread) 16:08 GMT August 31, 2004 Reply   
Gonna be a nice night...maybe (fright night)
ab...any comments

Bahrain Within 10 Pips (S/L = 10*Spread) 16:05 GMT August 31, 2004 Reply   
if have guts short gbp and cover at 1.78

Arlington Spen 16:04 GMT August 31, 2004 Reply   
ny amc 15:40 GMT August 31, 2004

type vladislav f>>x>>c>>m mini in google. One word here is encoded

Dallas MD 16:02 GMT August 31, 2004 Reply   
LOL

Buzz Lightyear 16:02 GMT August 31, 2004
To Infinity and beyond!

Buzz Lightyear 16:02 GMT August 31, 2004 Reply   
To Infinity and beyond!

Bris TW 16:00 GMT August 31, 2004 Reply   
Bris TW 15:33 GMT
It was a matter of 30 mins lol.

hk ab 16:00 GMT August 31, 2004 Reply   
buy some 109, 30 pips stop.

Msc Eqwis 15:58 GMT August 31, 2004 Reply   
/Dallas GEP 15:46
What is your stop,pls?

Dallas MD 15:58 GMT August 31, 2004 Reply   
Target? Stop?

QC Swap 15:57 GMT August 31, 2004
Shorted EUR/USD @1.2180

QC Swap 15:57 GMT August 31, 2004 Reply   
Shorted EUR/USD @1.2180

hk ab 15:56 GMT August 31, 2004 Reply   
all done?
dlr/jpy shorts closed. Transfer to eur/jpy.

dan-k knoxville tn 15:54 GMT August 31, 2004 Reply   
well i do have a question on the dlr yen, it looks a little over sold here to me. any opnions on a long position around this area ?

Dallas GEP 15:46 GMT August 31, 2004 Reply   
1.2662 long on usd/chf , target 1.2720

Sydney gvm 15:45 GMT August 31, 2004 Reply   
any idea why $/yen dropped in the last hour? TIA

Wits MR 15:43 GMT August 31, 2004 Reply   
melbourne farmacia 15:15 GMT August 31, 2004
Spot on sir, spot on.

London 15:43 GMT August 31, 2004 Reply   
Drop In US Bond Yields Underpins AUD

ny amc 15:40 GMT August 31, 2004 Reply   
Arlington..............who are you speaking of

Arlington Spen 15:36 GMT August 31, 2004 Reply   
hk ab 15:19 GMT August 31, 2004

One guy from NZ whose trading records are posted online, trades almost exclusively stop entries. He doubled his account in May. I started looking into straddles recently myself.

nyc jk 15:34 GMT August 31, 2004 Reply   
nice trade, cheers.

Bris TW 15:33 GMT August 31, 2004 Reply   
hk ab 15:19 GMT
85 not hit yet. Only a matter of time tho.

Bahrain Within 10 Pips (S/L = 10*Spread) 15:32 GMT August 31, 2004 Reply   
yes NYC..
Thanks

nyc jk 15:31 GMT August 31, 2004 Reply   
Bahrain - did you take that EUR/AUD short? would have been some nice pips for you there?

l 15:28 GMT August 31, 2004 Reply   
gold at $409.50 up 8 big bucks in 2 day

hk ab 15:26 GMT August 31, 2004 Reply   
Was dlr/jpy held up "artificially" just an hr ago and now sets to move now?

hk ab 15:24 GMT August 31, 2004 Reply   
correction should be daily sma 10.

Gold Coast martin 15:23 GMT August 31, 2004 Reply   
False starts to the upside are common...use them to advantage and trade them for the downside...g/t

hk ab 15:22 GMT August 31, 2004 Reply   
eur/jpy tries to stay above the weekly sma 10 @133.33 but so hard to stay above it. new shorts all made up there.

hk ab 15:19 GMT August 31, 2004 Reply   
very sad, all stop loss posted on this forum are taken.. they are good entry points. Very sad indeed.

melbourne farmacia 15:15 GMT August 31, 2004 Reply   
The word retracement appears to be missing from the forum vocab of late... GT

Sydney Alimin 15:14 GMT August 31, 2004 Reply   
took the gbp short 1.8020, that's it for today, see you all tomorrow

Miami OMIL (/;-> 15:11 GMT August 31, 2004 Reply   
Bris TW 15:02 GMT August 31, 2004
Yes you are right even with a small position that is a hot spot probably a lot of stops are there right now but in all fairness my order might not get filled at this time. (/;-o

quito_ecuador_valdez 15:09 GMT August 31, 2004 Reply   
As with the last news blip, things came back to normal eventually. Likely so may this. This is not a start of a new trend. Mkt moved 95% by banks. Banks = paranoids. Experts disagree..some bullish long term usd, others - opposite. Market will tell. Einstein's theories are argued and Dr. Hawkins argues with himself! That's life. Theories no not = reality. Gone 4 the day.

London 15:09 GMT August 31, 2004 Reply   
Dublin Flip 12:00 agree mate. I was just trying to help our friend viies & B747. lol

Bris TW 15:07 GMT August 31, 2004 Reply   
meant 100-200. Spikes that large have occured during quiet times before caused from a Central Bank in China.

Bris TW 15:02 GMT August 31, 2004 Reply   
Miami OMIL (/;-> 14:58
The way things are going there might be a 10-20 pip spike and the broker might say "Cannt honour it"

Stops may become a thing of the past. (/;-<

Bahrain Within 10 Pips (S/L = 10*Spread) 15:01 GMT August 31, 2004 Reply   
LA fxnew ///
Making calls and Taking responsibility / Credit...etc...is what the forum is all about...
Not by crisitsing someone else's...
these are not easy calls and You know it!!

Bahrain Within 10 Pips (S/L = 10*Spread) 14:58 GMT August 31, 2004 Reply   
LA fxnew ///
What is Your call?

Miami OMIL (/;-> 14:58 GMT August 31, 2004 Reply   
Bris TW 14:51 GMT August 31, 2004
I will join that quest with a short on eur/usd pair at around 1.2180 (if seen) with stop loss 1.2210-20 limit between 1.2050-80. GT

Bahrain Within 10 Pips (S/L = 10*Spread) 14:56 GMT August 31, 2004 Reply   
LA fxnew 14:50 GMT August 31, 2004
bahrain :
be ready to get cut!!

Why?
????

San Diego Devi 14:55 GMT August 31, 2004 Reply   
Alimin,
1.22 by Friday is more likely than not IMO

Bris TW 14:54 GMT August 31, 2004 Reply   
I agreed with the stop loss and you got piqued? Thats something I dont understand. Anyhoo back to it aye?

Bahrain Within 10 Pips (S/L = 10*Spread) 14:54 GMT August 31, 2004 Reply   
Syd...
Tough to say...I have most crosses w/ euro as sell
Odd are not to that level by friday
For me anyways.. :)
Maybe 1.20 late Tommorow and 1.1950 by friday

Bris TW 14:52 GMT August 31, 2004 Reply   
BTW Im no banker and havent asked to post over that side.
Sorry for the delay. I was getting a feed.

Miami OMIL (/;-> 14:52 GMT August 31, 2004 Reply   
Geneva DC 14:44 GMT August 31, 2004
No offence taken as a matter of fact I agree with your long term views eur/usd is still bullish as I have commented on this before too. GL GT

Bris TW 14:51 GMT August 31, 2004 Reply   
Irish: No missunderstanding. I threw a short into the shark tank at 65 and stop it at 85. One thing I dont like is the ol Cable stretching out but the slowing down in eur/gbp buying puts a bit of stress relief on it.

GER ad 14:50 GMT August 31, 2004 Reply   
Any views on EUR/GBP?
Is a short near 0.6770?

LA fxnew 14:50 GMT August 31, 2004 Reply   
bahrain :
be ready to get cut!!

Bahrain Within 10 Pips (S/L = 10*Spread) 14:50 GMT August 31, 2004 Reply   
why is everyone is chicken today?
Buying chf at 1.2660 for Desert

Sydney Alimin 14:49 GMT August 31, 2004 Reply   
anyone thinks that we are gonna see 1.22 by friday before NFP?

Kobe Kyu 14:49 GMT August 31, 2004 Reply   
Haifa ac 14:35 GMT August 31, 2004
They cannot be here now. They all committed Harakiri

It's called "sepuku", and not the hollywood word "harakiri" :)

Ldn Viewer 14:48 GMT August 31, 2004 Reply   
JHB AHG 13:50 GMT - My frd , if the trade was done the trade is done , in this game the saying is " your word is your bond" so it you frd did buy/sell and made 100 pips on 50 lots and his gain is USD50 k , I cannot fathom why they would reverse the trade ? Spend the $250 and take them to the cleaners , they cannot just reverse the trade , report the issue to CFTC , NFA etc , keep all records .... GL

Bahrain Within 10 Pips (S/L = 10*Spread) 14:46 GMT August 31, 2004 Reply   
I am selling GBP there...increase in my menu

Sydney Alimin 14:44 GMT August 31, 2004 Reply   
let's see the reaction as euro approaches 1.2170/80, i am sidelined now

Geneva DC 14:44 GMT August 31, 2004 Reply   
Miami OMIL 14:39 GMT August 31, 2004
no offence intended
just a long-term view
eur$ down
as Jesse Livermore said: Conviction, not Trepidation . . .

Bahrain Within 10 Pips (S/L = 10*Spread) 14:43 GMT August 31, 2004 Reply   
Syd 1.8020 it's a sell...2 fig

hk mom 14:42 GMT August 31, 2004 Reply   
I don't know if I can still see my aud long @0.7220 alive again.

Dublin Flip 14:41 GMT August 31, 2004 Reply   
No worries mate. My platform is normally about fifteen minutes behind when it comes to these things but for some reason today they were on time and those knucklheads on bubblevision were still applying their make-up-LOL
cheeers and be lucky

Sydney Alimin 14:39 GMT August 31, 2004 Reply   
interesting cable 1.8 again

Miami OMIL (/;-> 14:39 GMT August 31, 2004 Reply   
Dublin Flip 14:00 GMT August 31, 2004
I guess everyone forgot to thank you for your quick response with the news data. Thanks for the information and have a great week. GT

Geneva DC 14:33 GMT August 31, 2004
It all depends on what time frame you want to look at it. I was commenting about the 1 hr chart for the past two days. No need to waist time on that technical aspect of my comments.

Bahrain Within 10 Pips (S/L = 10*Spread) 14:38 GMT August 31, 2004 Reply   
chf is a buy I think at it's low...
Might go up to 1.2830

Dallas GEP 14:38 GMT August 31, 2004 Reply   
All positons have validity. The argument is over what time period IMO.

NYC PCM 14:37 GMT August 31, 2004 Reply   
EUR/USD

I'm going to start cautiously building a short position. This Euro rally should end between today and the end of the week. with the major cycles pointing hard down I don't think it can go much higher.

Chicago Irish 14:35 GMT August 31, 2004 Reply   
TW:I'm not being sarcastic....Just I show 77 as a previous low and 82 as a Fib level.I like Viies and respect him and my interest was piqued when you agreed with his s/l,I was wondering if I missed something.Cheers.

Haifa ac 14:35 GMT August 31, 2004 Reply   
tokyo ioio 14:31 GMT //They cannot be here now. They all committed Harakiri.

Geneva DC 14:33 GMT August 31, 2004 Reply   
Right now we are in a bullish rage as traders jockey for position
month of August, headless chickens, up and down, up and down
better wait till 2 weeks after labour day

Bahrain Within 10 Pips (S/L = 10*Spread) 14:32 GMT August 31, 2004 Reply   
I think the dive of eur I was talking about Yesrday...Just might happen form now till Wed late

tokyo ioio 14:31 GMT August 31, 2004 Reply   
YESTERDAY when I bought eur/usd at 1.2068 some members at this forum kidding me ????they said I bought at top>>>>
are they here now

Geneva DC 14:31 GMT August 31, 2004 Reply   
a blip is a rally / the opposite of a dip
fading means trading against the direction of the blip / dip

Bris TW 14:29 GMT August 31, 2004 Reply   
Chicago Irish 14:27 GMT

It is a good place for a stop mate. We arent all sarcastic you know.

Miami OMIL (/;-> 14:29 GMT August 31, 2004 Reply   
Intraday indicators are bullish and with more room to go next resistance is target (1.2170-80) for the bulls but movement will be done an orderly fashion the main data coming Friday will be the real mover. Right now we are in a bullish rage as traders jockey for position IMHO. GL GT

ISL JAM Ü 14:26 GMT August 31, 2004 Reply   
blips on data are opportunities to fade the market

explain please.. i dont understand what that means. thanks.

quito_ecuador_valdez 14:25 GMT August 31, 2004 Reply   
You can't post FX dealers' names here ALTHOUGH your intention to protect other traders is noble...that's why the post disappeared. GV makes it's money in part from advertisers, one of whom was mentioned. If you were to also praise a platform, likewise the post would also be erased. In short, no posts involving dealers. Since it's free, this forum must abide by rules for the above reasons. A lot can be gained form this forum, we just have to abide by a few rules. If this forum was not with advertisers, it couldn't operate. On with trading maybe?

Bris TW 14:24 GMT August 31, 2004 Reply   
http://www.replitrader.com/trackrecord_view.asp?id=%5B2%5D%5B3%5D%5B7%5D
Here is some ol replitrader past performance. I find it suss that the biggest winners do not show times closed.

Viies
Good choice for a stop bud. If it breaks that 1.22 will go.

Geneva DC 14:20 GMT August 31, 2004 Reply   
just a reminder
blips on data are opportunities to fade the market (regardless which way)

Bahrain Within 10 Pips (S/L = 10*Spread) 14:19 GMT August 31, 2004 Reply   
MKT is selling now

london 14:16 GMT August 31, 2004 Reply   
mkt still looks short euros

they are going for aud stops bit higher as well

quito_ecuador_valdez 14:14 GMT August 31, 2004 Reply   
Good fast alternative news site if U don't already have it: HERE.

Boca Raton 14:13 GMT August 31, 2004 Reply   
liverpool a 14:05

I am certain you will probably be walking soon.

Sydney Alimin 14:11 GMT August 31, 2004 Reply   
phew, got out at the right time

Bris TW 14:11 GMT August 31, 2004 Reply   
JHB AHG 13:59 GMT

Biggest player and biggest crook figures.

Bris TW 14:10 GMT August 31, 2004 Reply   
liverpool a 14:05 GMT

Are you talking about replitrader there mate? Hmm

Antwerp Tom 14:06 GMT August 31, 2004 Reply   
Twice under expectations 98.2 vs 103.5 (conf.) & 57.3 vs 60 (Chicago SMI), if €/$ not 1.2170 soon, then 1.2080 imho GL GT

Tallinn viies 14:04 GMT August 31, 2004 Reply   
1,2140/45 held again. sold last piece at 1,2135
stop all 1,2174. target 1,210010

Dublin Flip 14:00 GMT August 31, 2004 Reply   
57.3 and 98.2 oops

quito_ecuador_valdez 14:00 GMT August 31, 2004 Reply   
anyone know the US data please?

JHB AHG 13:59 GMT August 31, 2004 Reply   
market capital forex the other way round

bombay a 13:58 GMT August 31, 2004 Reply   
what was the us data

lnd 13:57 GMT August 31, 2004 Reply   
Bris TW 13:42 GMT. yes. if you know of anyone cheaper that would be good as i am doing this to learn more than the money.

Rom IRG 13:54 GMT August 31, 2004 Reply   
JHB AHG 13:50 GMT August 31, 2004 //
Unf...ing believable. Can you please "spell" the name of this dealer so at least we all know to stay away from it?
Thanks!

LA ARTOFYEN 13:53 GMT August 31, 2004 Reply   
Actually pretty disgusting when you think about it. The stop guarantee platform/providers could offer that in the past because they more than made up for it by taking out all orders that fell withing 10 pips of real price in street. You know, that magical waving motion of prices to help the paint brush stroke clear their order boards. Well, now that the focus of the market has become so myopic vis a vis trade numbers, we are seeing more gaps after the economic releases. The guaranteed filsl camp is now starting to feel the pinch and so they are trying to get out of this losing proposition as quickly as possible. So they will try to fill all stops and guarantee your fills when the market doesn't move (gee thanks for that guarantee) or they will take 100 pips slippage when the market gaps. Who are the fools here? The traders that deal with these shady platforms and their parameters that ensure they make money and you lose yours!!!

JHB AHG 13:50 GMT August 31, 2004 Reply   
On friday 6 August my friend made 50 lots x 100 pips =$50,000 and 6 hours later censored reverced the deal and took it off his account, with no explanation. To loge a complaint will cost him $250 and may take up to a year with the financial board.

quito_ecuador_valdez 13:46 GMT August 31, 2004 Reply   
GEP & others ref: no stop/limit guarantees in volitile times...where there's a hole, there's a plug. Some outfit will get the business (& the profits) by NOT going with the flow of platform providers. Since olden days in England, there's always a wild Henry who'll emerge. At least they may have read my post yesterday and actually emailed patrons instead of hiding in the weeds. All the more reason for having 2 platforms (or more)...1 for stability, other 4 guarantee.

Sydney Alimin 13:45 GMT August 31, 2004 Reply   
sorry that was for 1 pip :)

Sydney Alimin 13:45 GMT August 31, 2004 Reply   
out of euro short at 1.2115 for 3 pips not feeling comfortable with it...will see after data

Bris TW 13:42 GMT August 31, 2004 Reply   
lnd 13:38 GMT August 31

Do you spread bet with IG Index? I have an account with them too.

Dallas GEP 13:40 GMT August 31, 2004 Reply   
DP, safest would be to be out completely of possie before news events. I am not really sure of best strategy at this time.

)toronto( Dr Unken Kat 13:39 GMT August 31, 2004 Reply   
look out CAD , hit the resist line on dayly, shorted at 41 3 lots

Kaunas DP 13:38 GMT August 31, 2004 Reply   
Dallas GEP 13:24 GMT August 31, 2004

shall we stay flat before "big events" as long as even profit trailing stops might turn into losses

lnd 13:38 GMT August 31, 2004 Reply   
Bris TW 13:29 GMT & Dallas GEP 13:24 GMT. It's a nice way to grab a few extra pips from your winning trades. The price at which you close your position is the price they give you and not the price you trade at. So in effect you are trading blind as you will not hit the price you see. I am still doing spread bet stuff so let me know how things pan out on this one pls. gl>.

ISL JAM Ü 13:37 GMT August 31, 2004 Reply   
nh, thanks.

Livingston nh 13:37 GMT August 31, 2004 Reply   
Isl Jam - 1400GMT -conference Board Confidence Index and Chicago ISM

Bahrain Within 10 Pips (S/L = 10*Spread) 13:34 GMT August 31, 2004 Reply   
nz is buy i think

Bris TW 13:29 GMT August 31, 2004 Reply   
Dallas GEP 13:24 GMT August 31

Yeah GEP I got an email from REfc0 and GF_T a couple of weeks back. Seems they decided at the same time. Im stating to get requoted from GF-T now too. Not good.

ISL JAM Ü 13:27 GMT August 31, 2004 Reply   
any US data coming out today? tnx.

Domenica TB 13:27 GMT August 31, 2004 Reply   
That hasn't helped in the past.

Bahrain Within 10 Pips (S/L = 10*Spread) 13:24 GMT August 31, 2004 Reply   
Cad..Might Hit 133 then down to 1.2950...

Dallas GEP 13:24 GMT August 31, 2004 Reply   
Guys, this has and probably will affect ALL platforms. I recently recieved an email from the LARGEST platform provider that they no longer will gurantee stops and limits in highly volatile conditions. While THEY claim this is NOT a change in policy it CERTAINLY is. EXAMPLES of these highly volatile situations were given to me as Non-farm payrolls, GDP numbers, trade deficit numbers, and when our old friend GREENSPAN talks, This is another example of the risk is currency trading being transferred more and more to the trader so BEWARE!!! If you carefully read information provided to you by the platform provider this probably isn't anything NEW regarding guarantees but to specifically come out in an email and state the non-guarantee DOES concern me.

Sydney Alimin 13:16 GMT August 31, 2004 Reply   
Bahrain Within 10 Pips (S/L = 10*Spread) 13:13 GMT August 31, 2004

yes, that's what i have been thinking too whether to take out that order and wait....i'll see later

Bahrain Within 10 Pips (S/L = 10*Spread) 13:15 GMT August 31, 2004 Reply   
Eur/Jpy
Shorting this at 133.30 some where ...PT at 132

Bahrain Within 10 Pips (S/L = 10*Spread) 13:13 GMT August 31, 2004 Reply   
Syd/
Good Level for GBP 1.7650

IST Sez 13:10 GMT August 31, 2004 Reply   
hk ark,
UK Consumer credit +1,76 bln stg vs 2,17 stg in june (exp.1,6)
UK Mortgage lending + 8,65 bln stg vs 9,34 bln stg in june
gl,gt...

Sydney Alimin 13:09 GMT August 31, 2004 Reply   
still got my long gbp order waiting at 1.7868 hopefully it can be filled later

Bahrain Within 10 Pips (S/L = 10*Spread) 13:04 GMT August 31, 2004 Reply   
Most Eur Crosses are going down I think

Kaunas DP 13:02 GMT August 31, 2004 Reply   
it looks like cable is wandering about next test for support level...this should drag eur/usd down as well...just my opinion...GL

nyc jk 13:00 GMT August 31, 2004 Reply   
Bahrain - with EUR/AUD being closer to the top of the months range and with some one off flows having kept the AUD under pressure , but should now be finished, think short EUR/AUD not a bad idea.

quito_ecuador_valdez 12:57 GMT August 31, 2004 Reply   
...as I said, the charts are wild, random, not predictable..not following any pattern, predicted levels nor reason. To trade in this environment is like pickpocketing Lady Luck in a park full of cops. Never feel compelled to trade...pick your moment, even if only once a day or once a week! One win is better than 10 losses.

Dallas GEP 12:53 GMT August 31, 2004 Reply   
Kind of an ugly night, eur/usd shorts stopped out @ 1.2091 for -39. Usd/chf shorts made +30 and then usd/chf longs made +6. NET for the evening was a small loss because eur/usd possie had more lots. Euro made small break up which I didn't think would happen at this time but of course did.

Intrestingly enough, GBP seems to be following technicals BETTER than euro right now. Good trades to all. MArket at least IMO is pretty difficult right now. Take care.

dan-k knoxville tn 12:48 GMT August 31, 2004 Reply   
my wife snook in and turned my moniters up side down 3 months ago when that was happening to me, i started winning trades and did not notice it until yesterday

hk ark 12:45 GMT August 31, 2004 Reply   
ANY DATA OUT IN u.k.

Bahrain Within 10 Pips (S/L = 10*Spread) 12:43 GMT August 31, 2004 Reply   
NYC and Dallas GEP..
U guys think Eur/aus

saratoga sam 12:42 GMT August 31, 2004 Reply   
CANADA 2Q REAL GDP +4.3% AT ANNUALIZED RATE VS +3.0% IN 1Q 08/31

Bandung Zink 12:41 GMT August 31, 2004 Reply   
In the last 2 weeks, I have 17 consecutive loss trading. Is this unusual or not? I feel confuse and lost confidence. The market always moves against me!! Hiks.....

hk ark 12:40 GMT August 31, 2004 Reply   
any data out in U.K.

Toronto YV 12:39 GMT August 31, 2004 Reply   
Global, thanks for the link.

Bahrain Within 10 Pips (S/L = 10*Spread) 12:37 GMT August 31, 2004 Reply   
Eur/Aus
anyone thinks a sell?

Global-View 12:35 GMT August 31, 2004 Reply   
As posted on GVI:

Canadian economic accounts
Second quarter 2004

Real gross domestic product (GDP) was up a solid 1.1% in the second quarter of 2004, boosted by a surge in exports that spurred manufacturing, wholesaling, and rail and truck transportation. After a slow start in April, the economy picked up steam in May and June, up 0.3% in both months. Final domestic demand made a lacklustre 0.4% showing in the second quarter, as consumer spending slowed to 0.3%. The housing boom continued, albeit at a slower pace, while business investment in plant and equipment advanced 1.0%. Both labour income and corporate profits made solid gains. LINK

Toronto YV 12:32 GMT August 31, 2004 Reply   
Anyone ,pls, canadian GDP ?TIA.

Bahrain Within 10 Pips (S/L = 10*Spread) 12:18 GMT August 31, 2004 Reply   
Hello everyone..
My system just shorted Eur/Aus...so

nyc jk 12:18 GMT August 31, 2004 Reply   
ROFL bc.

GER ad 12:16 GMT August 31, 2004 Reply   
EUR/GBP,
out at 0.6752

Dublin Flip 12:04 GMT August 31, 2004 Reply   
LOL bc.
1.20/1.24 has virtually been the six month range. It's a boring story but it keeps getting repeated.

Dublin Flip 12:03 GMT August 31, 2004 Reply   
point being there are some good correlative reasons to be bearish eur$ (aud, kiwi, cad, oil etc) but gold isn't currently one of them.

shanghai bc 12:02 GMT August 31, 2004 Reply   

If one stands on his head and looks at the chart,Eur/Usd certainly looks like going down today..All a matter of stand-point,head or foot..

Dublin Flip 12:00 GMT August 31, 2004 Reply   
London 10:56

Gold is actually up from last friday's close @ 402.5 (eur 1.2020)
It's currently down less than 1% from it previous weeks close 412.5 (1.2320) so it's actually down less than euro despite euro having rallied this morning.
I'm not saying euro can trade @ 1.1950 but I don't think gold is leading it in anyway unless you happen actually be bullish eur$.

TelAviv DOR 11:47 GMT August 31, 2004 Reply   
because next buyer is ready to buy at lower rate

nyc jk 11:45 GMT August 31, 2004 Reply   
what do you mean fxnew? EUR has rallied overnight against practically every currency?

london 11:45 GMT August 31, 2004 Reply   
if this forum is anything to go by, the market is well short of euros.

LA fxnew 11:35 GMT August 31, 2004 Reply   
does anyone know why euro keep going down?

Rio 11:19 GMT August 31, 2004 Reply   
London,

Gold drop could carry down the eur when New York Gold Market opens in one hour??

Thanks

London 11:12 GMT August 31, 2004 Reply   
London Gold $408.40-$408.90 At 1100 GMT

QC Swap 11:09 GMT August 31, 2004 Reply   
My USD/CAD short closed overnight @ TP

NYC PCM 11:07 GMT August 31, 2004 Reply   
Morning all

EUR/USD

Second day of bounce out of minor cycle low. Time wise it could run out of steam anywhere between today and the end of the week.

Price wise it's near initial targets already.

So it's "watch and wait", and when we get sufficient divergences - short it for next wave down.

Goes (NL) B747 11:06 GMT August 31, 2004 Reply   

Neutral between 1.2140 and 1.2040. No clear view.

gt

Geneva DC 11:06 GMT August 31, 2004 Reply   
EURUSD 5 min chart might be the right gear for this Ferrari

Goes (NL) B747 11:03 GMT August 31, 2004 Reply   
Sydney Alimin 11:01 GMT August 31, 2004

imo, you are right...data will take towards 1.2250 or 1.1750; it means 1.1980-1.2020 is the price before data will come out.


gt

Sydney Alimin 11:01 GMT August 31, 2004 Reply   
euro does look bullish at the moment, but i dont think we will break either side of the range yet as friday gets closer and closer

Rio 11:01 GMT August 31, 2004 Reply   
The question is when or at what level eur will drop!! By now and from all day yesterday is only going up!!

Geneva DC 11:00 GMT August 31, 2004 Reply   
Personal Ads
After may youthful excursions during the summer,
single currency is looking for a blind date.
Reply in confidence.

LA fxnew 10:58 GMT August 31, 2004 Reply   
hi all ;

so nobody predicts euro will hit 122xx ???

London 10:56 GMT August 31, 2004 Reply   
we might even see euro down at 1.1950 by new york close as gold had dropped $5 from last week's $414 high.

Sydney Alimin 10:54 GMT August 31, 2004 Reply   
B747, i hope you are right mate

Goes (NL) B747 10:50 GMT August 31, 2004 Reply   
Tallinn viies 10:45 GMT August 31, 2004

good luck to you !!!
imo, 1.2050-60 will show before NY close


gt

Ldn 10:49 GMT August 31, 2004 Reply   
EUR/USD trades to the high of the day at 1.2112 on buying by a medium size German bk

Tallinn viies 10:47 GMT August 31, 2004 Reply   
TelAviv DOR 10:44 - dont share such ideas. how come 1/3 or 2/3 is correct?
nevermind, I survive even if I need take in loss. made big bucks during the ranging summer :)

Roumeli anka 10:45 GMT August 31, 2004 Reply   
I dont think EUR can move higher than 12125-12145 fon now. It is a bit premature but its possible an inverse SHS is forming. Most likely to see another accumulation around 12050-12070

Tallinn viies 10:45 GMT August 31, 2004 Reply   
Goes (NL) B747 10:42 - rite now plan to save a.ss. as previous day high tken out. it may turn ugly for bears as I mentioned yesterday. even 1,2220/30 not out touch if this starts to move.
as long as friday high not taken out Im breething normally

potsville tom 10:44 GMT August 31, 2004 Reply   
what is 'trading width'

Gold Coast martin 10:44 GMT August 31, 2004 Reply   
typing correction:euro short should be 1210 with target 12020 g/t

TelAviv DOR 10:44 GMT August 31, 2004 Reply   
Viies thanks , as athens said : if you get back 1/2 to 2/3 of your loss , do it , cover it .

Manchester Daniel 10:43 GMT August 31, 2004 Reply   
GER ad - also short eur/gbp at 6757 - may I ask your target please?? Something not quite right about this move up - I wonder if it could be option related, or perhaps some required buying by bank/corporates before month end?

Goes (NL) B747 10:42 GMT August 31, 2004 Reply   
Tallinn viies 10:38 GMT August 31, 2004

good afternoon to you,

is your cover plan means that you do not beleive the EUR/USD will go below 1.2050 before NFP data (i.e. Friday) ???

tia & gt

chicago goofy 10:42 GMT August 31, 2004 Reply   
folks, without the systems or indicators, how many of traders still can survive in this market? I m just curious

Geneva DC 10:41 GMT August 31, 2004 Reply   
any euro short over 1210 in a good intraday trade with target 1220-25...
1210?, 1220-25? what currency pair is THAT?

Gold Coast martin 10:39 GMT August 31, 2004 Reply   
FWIW...the operators are trying to create " trading width" in the euro ....any euro short over 1210 in a good intraday trade with target 1220-25...g/t

Tallinn viies 10:38 GMT August 31, 2004 Reply   
DOR - plan to cover short near 1,2070/80 area if seen.

Tallinn viies 10:35 GMT August 31, 2004 Reply   
TelAviv DOR 10:28 - sitting short euros here at the moment. 45 pips in red.
was plan to step aside whern 1,2124 traded but as 20 bid high so far, I took my stop order out for some time.

hk jn 10:33 GMT August 31, 2004 Reply   
FXXX is down again

i think they will use C M C approach to stop you trade during volatile hours, please pay attention to this

Geneva DC 10:31 GMT August 31, 2004 Reply   
observation
ever D,T&H has been selling eur$ on this forum in the last 24h
is that's what's pushing ity higher?

europe m 10:30 GMT August 31, 2004 Reply   
short eurusd at 1,2117 SL abv 1,2140... TP arr 1,2080/75

TelAviv DOR 10:28 GMT August 31, 2004 Reply   
Hi Viies , what is your view on EUR/$ pls (24 hrs after your previous view ).

Sydney Alimin 10:26 GMT August 31, 2004 Reply   
short some euro here 1.2116 ...let's see again

GER ad 10:24 GMT August 31, 2004 Reply   
Short EUR/GBP at 0.6754

Ldn 10:09 GMT August 31, 2004 Reply   
Bracknell JR anything over 25K GBP you should get spot.

Manchester Daniel 10:02 GMT August 31, 2004 Reply   
Bracknell JR - dont use a high street UK bank to do your transaction, as between the spread and the bank charges you can be out of pocket 2-3%.

If you ask GV for my email I will give you the name of a UK firm which will do the transaction at a more competitive rate with small transaction charge. Also, they will explain different ways of buying currency forward which may be of benefit.

Texas gangbanggurl 10:00 GMT August 31, 2004 Reply   
Mashhad Nina 09:00 GMT
Be a frequent flier if you wanna trade @all these cities. Try British Airways.
happy flying!

Swidnica/Poland profi-forex 09:51 GMT August 31, 2004 Reply   
31.08.2004


USD/JPY (CURRENT LEVEL 109.86) -COURSE STILL IN RANGE: 109.00 - 110.40. DURING JAPANESE SESSION AFTER WORST THAN EXPECTED DATA FROM JAPAN WE TESTED 110.20 AND NEXT TO HOURS WE TESTED 109.50REGION BREAKING THROUGH 50MA 109.66. NOW WE HAVE BOUNCE TO 109.80/110.00, AFTER THIS WE EXPECT FALL TOWARDS 109.30 AND EVEN 109.00. FRIDAYS DATA FROM US SHOULD CHANGE IMAGE ON THIS MARKET.


EUR/USD (CURRENT LEVEL 1.2085) - NOW WE HAVE BACK TO BROKEN 100MA AT 1.2123 REGION. FIRST RESISTANCE IS AT 1.2080/90. WE EXPECT AGAIN TEST LAST MIN. AND NEXT DIRESTION ON EUR/USD MARKET DEPEND ON HOLDING 1.1950 1.2000 REGIONS. STRONG INFLUENCE ON COURSE WOULD HAVE DATA FROM USA..


USD/CHF (CURRENT LEVEL 1.2760) - ON THE END OF JAPANESE SESION WE BROKE SUPPORT AT 1.2785REGION WHAT COULD SUGGEST FALLS TOWARDS 1.2700.


GBP/USD (CURRENT LEVEL 1.7946) - STRONG RESISTANCE AT 1.8000, SUPPORT - 1.7840/50. WATCH MARKET CAREFULLY.

Tallinn viies 09:50 GMT August 31, 2004 Reply   
Geneva DC 09:14 - may I ask why not 1/3 and 2/3????
:)

oz deanobravo 09:48 GMT August 31, 2004 Reply   
are any of you guys having problems with F*X*C*M?

Ldn Cashman 09:24 GMT August 31, 2004 Reply   
Bracknell, a lot of people now saying that the unemployment data at the end of the week may be massaged in order to show Bush in a good light, as saviour of the economy etc. following the NY convention. It may pay to do some now as the Dollar could continue to be in demand leading up to Friday's data. The biggest task is to make sure you don't get ripped off by the banks spread. ( Bracknell, Berks ?)

Lugano franco 09:22 GMT August 31, 2004 Reply   
and short eur/chf @5420 s/l1.5437 looking for 1.5403/05
almost 2 day going in this range...

Lugano franco 09:21 GMT August 31, 2004 Reply   
goodmorning all!
boring days till friday i think....
made 2.part of short eur/usd at 1.2080

GENEVA FHR 09:20 GMT August 31, 2004 Reply   
Bracknell. You do not need to buy usDoll straight.If you think doll will depreciate over the next month you can just enter a swap meaning to sell STG and buy it back 1 or 3 mths later.You will then get the interest differential between the 2 currencies. actually you will get ard 50 pips per month.

Eastbourne pas 09:20 GMT August 31, 2004 Reply   
Bracknell JR 08:53 GMT August 31, 2004
If you are planning on buying the house soon and have the required funds then do consider going ahead. If you wait you may have to think about buying a smaller house, or you might be able to buy a bigger house. Hard choice

Geneva DC 09:14 GMT August 31, 2004 Reply   
Bracknell JR 08:53 GMT August 31, 2004
Advice sought on this forum is centered on "being" right.
But all your situation requires is "doing" right.
A large corporation would buy 50% of the required GBP now,
and 50% next week.

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

Gen dk 09:08 GMT August 31, 2004 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Pecs Andras 09:04 GMT August 31, 2004 Reply   
Bracknell JR 08:53 GMT August 31, 2004
It seems now that the biggest risk is Friday's payroll data. Depending on it the GBP/USD rate may be 2-300 hundred pips higher/lower by early next week, or even more.
It is going to be a hard decision for you if it is a large amount that you need to exchange

Mashhad Nina 09:00 GMT August 31, 2004 Reply   
1-Where can I find the quots for forex trading on NYSE,FTSE ?
2-what is the site address for forex real quets in Hongkong ,or Japan?

Mashhad Nina 08:59 GMT August 31, 2004 Reply   
1-Where can I find the quots for forex trading on NYSE,FTSE ?
2-what is the site address for forex real quets in Hongkong ,or Japan?

Bracknell JR 08:53 GMT August 31, 2004 Reply   
I'm not a trader but have been watching this forum for some expert advice. I need to change a large amount of GBP into US dollars to buy a house. I need the money by the middle of next week. Should I do it now, or wait until next week. Which do you think would give me the better rate?

Ldn 08:51 GMT August 31, 2004 Reply   
Positive M&;A deals helping boost the Pound as Santander is reported to be bringing forward its takeover of Abbey, while Walmart is mooted with bid interest for UK's Matalan. In addition the UK's National Grid has announced the sale of 4 gas pipelines for Gbp 5.8bln. FWIW

Ldn 08:47 GMT August 31, 2004 Reply   
UK ECON: July Consumer Credit GBP 1.76bn, Higher-Than-Expected

London 08:45 GMT August 31, 2004 Reply   
ISL JAM Ü
once barrier removed easier for euro to rise further

ISL JAM Ü 08:42 GMT August 31, 2004 Reply   
London,

what is the effect of the 1.2100 strike in euro price? thanks.

London 08:30 GMT August 31, 2004 Reply   
EUR/USD Large 1.2100 Strike Expires Today

Sydney Ge11Ja 07:50 GMT August 31, 2004 Reply   
Anyone have any bright ideas on this eur/yen? I am personally short and caught and for the life of me cant see a reason to cut. Im thinking sept 1/2 year and quarter end action could be quite yen positive this year

Toronto EDP 07:47 GMT August 31, 2004 Reply   
Sydney GE......I agree...you're certainly right on that one !

Sydney Ge11Ja 07:43 GMT August 31, 2004 Reply   
Toronto EDP 07:37 GMT August 31, 2004

With you on that all the way, although must say I personally am happy with guaranteed stops

Moskow 07:42 GMT August 31, 2004 Reply   

Reliable history data
for trading system verification and precise technical analysis
Intraday data are presented since 1997

PAR 07:40 GMT August 31, 2004 Reply   
Sell Euro in anticipation of ECB meeting. ECB has a monetary growth target which it is unaible to meet. ECB has an inflation target which it is also not meeting. If Trichet was in the private sector he would be out of a job for consistently missing targets. En plus more than half of Euro countries can not meet their 3% deficit targets.

Toronto EDP 07:37 GMT August 31, 2004 Reply   
Sydney GE

Thanks for the comment..understood and appreciated. I guess my only comment then is why is the trade NOT shown on the platform chart since my stop buy price became in effect an executed bid at 1.2092 the moment it was exercised/triggered. Just think it feels more comfortable to see prices you sell at buy at reflected on the chart.

Spr Noods 07:29 GMT August 31, 2004 Reply   
Just sell the Oz when it moves to the middle 0.7000

Sydney Ge11Ja 07:10 GMT August 31, 2004 Reply   
Tornto EDP 07:01 GMT August 31, 2004

Does your platform guarantee your stops because if they do that is why you were stopped, when the stop you have set goes offered then you are done. ie if you set a stop at 1.2092 and the market goes 89/92 then you are done. They do this so they can guarantee the stops

syd 07:08 GMT August 31, 2004 Reply   
AUD/USD] maintained its strong footing, getting paid thru 0.7024 with offshore names still cited as one of the prime bidders in the commodity bloc. This strong buying is mainly driven out of p/taking (shorts established in past few days) rather than purely turning long on the main pair. An upward momentum is expected out in Asia as the big USD looks soft for more downward spiral. This will see a good chance for AUD to correct on a firmed tone, likely to revisit recent high of 0.7040-50 handle (minor Fibo retracement). Bids have re-surfaced around 0.7000 region with more bids reported under or around 0.6980
censored

Tornto EDP 07:01 GMT August 31, 2004 Reply   
Dallas GEP

I was stopped out of a EUR/USD short at 1.2092 even though the high price shown on my trading platform chart was 1.2091

Even though a trader (or a trading platform) can ASK whatever price they want, I wouldn't have thought an actual trade (stop otherwise) could have taken place unless the chart showed it had...in other words, if my short had been taken away at a price of 1.2092 as claimed, then can't help wondering why that trade is not reflected/shown on the platform chart.

GL & GT

Toronto EDP 06:46 GMT August 31, 2004 Reply   
Dallas GEP

Was your platform kind to you or were you stopped out of your EUR/USD shorts and USD/CHF long ? Just wondering how much difference there is between different platforms

Jiangmen Yinzi 06:11 GMT August 31, 2004 Reply   
"Here are forecasted highs and lows together with suggested buy and sell points for Aug 31th, 2004.-
Listed after the currency pair is the forecasted low/high for the day, the suggested buy/sell points, the suggested stop and the forecasted low/high for the week.

1 EUR/USD 1.1980 1.2100 sell 1.2100 1.2150 1.1970/ 1.2170
2 GBP/USD 1.7800 1.8048 sell 1.8030 1.8080 1.7700/ 1.8180
3 AUD/USD 0.6960 0.7080 sell 0.7070 0.7120 0.6900/ 0.7150
4 USD/CHF 1.2690 1.2850 sell 1.2700 1.2650 1.2680/ 1.3000
5 USD/CAD 1.3120 1.3200 sell 1.3120 1.3070 1.3050/1.3200
6 USD/JPY 109.00 110.30 sell 110.30 110.80 108.50/ 111.00

These forecasts are for reference only.
Please keep in mind that you and you alone are responsible for your own trades and for the maintenance of stop loss entries at levels you can afford. In order to help preserve trading capital, it is suggested that when prices move in your favour by 30 points, you change your stop to a breakeven position.
Good luck to everybody!!
Guangdong, China

hong kong nt 05:27 GMT August 31, 2004 Reply   
AB -- AUD may spend rest of 2004 within .69-.75. Election uncertainty may has already been discounted...

Ldn 05:06 GMT August 31, 2004 Reply   
JPN ECON: Jul Hous Starts +7.8% y/y, Construction Orders +3.9%

wisconsin tim 04:29 GMT August 31, 2004 Reply   
levels i'm watching for tomorrow. See ya'll in the morning

signal details

Levels for 9/1/04. Flat now till before data
Date Currency Close R1 Close S1 R1 High S1 Low
8/30/2004 AUDUSD 0.7019 0.6944 0.7047 0.6902
8/30/2004 EURGBP 0.6732 0.6692 0.6747 0.6692
8/30/2004 EURUSD 1.2085 1.1982 1.2101 1.1925
8/30/2004 EURYEN 133.27 131.90 133.02 130.92
8/30/2004 GBPUSD 1.8009 1.7850 1.8019 1.7759
8/30/2004 GBPYEN 198.50 196.50 198.13 196.24
8/30/2004 NDZUSD 0.6533 0.6448 0.6575 0.6419
8/30/2004 USDCAD 1.3226 1.3132 1.3234 1.3101
8/30/2004 USDCHF 1.2870 1.2749 1.2920 1.2722
8/30/2004 USDYEN 110.59 109.73 110.84 109.34

Los Angeles ss 04:15 GMT August 31, 2004 Reply   
Yippie -- been doing for eight years now very successfully. Learn a few things now and again from the others and appreciate their insight.

Miami OMIL (/;-> 04:14 GMT August 31, 2004 Reply   
Sorry but I made an error by posting that 34 ma on the weekly was around the 1.2200-20 area when in fact it is the 5 and 10 ma that are in that area at this time. A sell on rallies is still in effect if you play the short term but with the break of the 1.1940-50 a dipper correction to the low 1.1750-60 will be in demand and a buy on the break of 1.2135-40 will put the key resistance in jeopardy IMHO.

NYC YIPPEE 04:12 GMT August 31, 2004 Reply   
Sad.... You won't last long in this business relying on others.

Miami OMIL (/;-> 04:00 GMT August 31, 2004 Reply   
I agree SFX that retracement has very little value right now I though I throw it in just in case I did not give enough numbers to support my statement. ;-)
I also believe that Friday’s NFP data might start the ball rolling as I have said before September might turn in to a good volume month to trade as the summer comes to an end for this year. GT

Los Angeles ss 03:54 GMT August 31, 2004 Reply   
Yippie -- I value the opinions of others on this board.

Singapore Sfx 03:51 GMT August 31, 2004 Reply   
Omil - Thanks for all that. And really hadnt noticed the avgs. Not sure personally if I'd pay attention to the 1.2930-1.1760 retrace as we've toyed with it a number of times now - so somewhat stale from the point of view of my (and I daresay - our) trading time frames.

Gut still says that the friday high somewhat important from the point of view of big picture stability. And still looking to Friday to solve this impasse -

Nice week to you as well, and thanks again.

NYC YIPPEE 03:51 GMT August 31, 2004 Reply   
Los Angeles ss 02:11 GMT August 31, 2004

You have been asking the same question in regards to GBPUSD since August 10th.


Why ?

syd 03:49 GMT August 31, 2004 Reply   
Australian Prime Minister John Howard said Tuesday the military will be equipped with 12 new troop-lift helicopters at a cost of A$1 billion.

Miami OMIL (/;-> 03:41 GMT August 31, 2004 Reply   
)toronto( Dr Unken Katt 03:25 GMT August 31, 2004
Yes T/L has been broken and 55 ma has been broken with indicators on the weekly charts turning bearish but I see key support now at 1.1940-50 and that has not been broken since April of this year leaving so far a triple bottom so far. I also believe what BC says that the dollar cannot gain strength with gold and oil rising. Right now a correction is taking place for gold and oil but very bullish at this moment. As long as they are bullish the $ cannot gain much strength IMHO. GL GT

I also forgot to mention SFX that is the 38% retracement from 1.2930-35 to 1.1750-60.

Dallas GEP 03:41 GMT August 31, 2004 Reply   
longed usd/chf @ 1.2757 ASK with 15 pip stop looking for 1.2790

syd 03:35 GMT August 31, 2004 Reply   
CKI group to pay 1 bln stg for UK gas assets-source

Miami OMIL (/;-> 03:30 GMT August 31, 2004 Reply   
Singapore Sfx 03:17 GMT August 31, 2004
First of all I read a lot of your comments on GVI and I must congratulate you on very good calls and technical views. Now I believe the 1.2200-20 area to be important at this time because the 250 ma (1hr chart), 200ma (4hr chart), 55 ma-- 20 ma (daily chart) and 34 ma on the weekly chart are all in that area right now in my chart system. I hope you have a good week.

)toronto( Dr Unken Katt 03:25 GMT August 31, 2004 Reply   
Miami OMIL (/;-> euro has broken the support line on weekly , what do you make of that OMIL?

HKG SK 03:17 GMT August 31, 2004 Reply   
This rebound is only corrective in nature. Dollar bull is still with us. Now is the best price to buy $/Chf looking for 1.2920 at least.

Singapore Sfx 03:17 GMT August 31, 2004 Reply   
Omil - If I cud ask, why are you attaching importance to that 1.2200-20 pls ? thanks.

)toronto( Dr Unken Katt 03:15 GMT August 31, 2004 Reply   
toronto 02:20 GMT August 31, 2004
any thoughts on euruyen

sell signal has been generated / 1hr
looks good short to 00

ISL JAM Ü 03:14 GMT August 31, 2004 Reply   
why is it that im tempted to short euro at current levels? any comments?

Miami OMIL (/;-> 03:13 GMT August 31, 2004 Reply   
FWIW key number to watch for the bulls in the eur/usd pair is around the 1.2200-20 area and the bears are hoping to bust the 1.1950 area soon their time is running out before the bulls get enough steam to push the price away from the main support for now IMHO. GL GT

Miami OMIL (/;-> 03:08 GMT August 31, 2004 Reply   
Like I said before traders are jockeying for position for Fridays NFP data in the meantime their will probably be no breakouts either way for the eur/usd pair. The intraday signals right now are bullish, mid term signals are turning bullish but no long signal for now and long term signals are hinting of a bigger drop coming for this pair soon but still bullish in my charts. Retracement is 1.2075-80, 2135-40, 2185-90 and 2230-35. Resistance is 1.2085-90, 2135-45, 2170-80, 2205-15, 2225-35 and 2265-75. Support is 2050-60, 2030-40, 2000-1990 and 1940-50 for now. Pivot is 1.2170, 2121, 2085, (2036), 2000, 1951, and 1915 IMHO. GL GT

Brooklyn mhi 03:01 GMT August 31, 2004 Reply   
just some thoughts
Japan Industrial out put coming in flat and jobless rate increases to 4.9%. So Y is usd/jpy yen favored? Is usa data personal income flat that bad?

All comments welcome

I have no position now

Dallas GEP 02:54 GMT August 31, 2004 Reply   
I we don't get alot of movement now, we SHOULD get some one hour prior to London open.

GA TJ 02:43 GMT August 31, 2004 Reply   
Also thinking that if Cable convincingly clears 1.8050 it should be good for 300 or so to the upside. But not ready to committ on that one.

GA TJ 02:39 GMT August 31, 2004 Reply   
Dallas GEP 02:30 GMT August 31, 2004
Exactly what I am thinking. But I don't see it in run away mode. Just a steady down channel that should provide additional entries.

Rio 02:31 GMT August 31, 2004 Reply   
Thanks Dallas.

Dallas GEP 02:30 GMT August 31, 2004 Reply   
usd/chf break of 1.2750 will be significant...if it breaks usd will be in definite SELL mode.

Los Angeles ss 02:25 GMT August 31, 2004 Reply   
Gep -- many thanks!

SYD 02:25 GMT August 31, 2004 Reply   
Small business confidence at decade high level
Confidence among small businesses across Australia looks to be at the highest level in a decade.
The Sensis Business Index for the three-months May to Julyshows a broad pick-up in business conditions. Sensis report author Christena Singh says they have seen the highest level of business confidence for small and medium enterprises recorded since the index commenced in 1993.
Ms Singh says a range of other indicators in the survey are at very strong levels. "Indicators such as employment are very robust over the last quarter and we're seeing indicators such as capital expenditure on their highest level in over five years," she said.While sales growth has dipped in the latest quarter, expectations for sales in the period ahead have surged.ABC RADIO








Dallas GEP 02:21 GMT August 31, 2004 Reply   
SS, GBP chart looks just like Euro, on SHORTER timefranes it shows to be a short from around 1.7980

MACD, STOCH, BOLLINGER BANDS, FIB POINTS, MA 30-1 hr timeframes, if price is consolidation 2-4 hour timeframes

toronto 02:20 GMT August 31, 2004 Reply   
any thoughts on eur/jpy long got in at 133.30
any comments will appreciate
thanks in advance

Rio 02:17 GMT August 31, 2004 Reply   
Dallas...can I ask in what indicators you based your decisions? Thanks!

Dallas GEP 02:16 GMT August 31, 2004 Reply   
Average euro 1.2052 short now. ZLooking now for 1.2032 TP

Dallas GEP 02:13 GMT August 31, 2004 Reply   
Ok took some more lots short 1.2075, stop on all 1.2091 now.

Los Angeles ss 02:11 GMT August 31, 2004 Reply   
Gep -- your thoughts on cable at these levels?

Dallas GEP 02:06 GMT August 31, 2004 Reply   
Well based on 30 and 1 hour timeframes, EURO has already maxed out

Syd EM 02:03 GMT August 31, 2004 Reply   
Private credit has actually accelerated in July -- it's up 1.2 percent whereas in June it was only 1.1 percent. The Reserve Bank's going to be unhappy about that because it is credit growth that they've wanted to be slowing down and there's just no sign of that happening in a sustained fashion at all. It's stayed very strong. All of the data in the
last few days -- including yesterday's company profits data, the trade numbers today and the credit numbers support the
Reserve Bank needing to tighten policy

JP MORGAN







San Diego Devi 02:01 GMT August 31, 2004 Reply   
Dallas GEP,
My 2 cents on Euro based on my chart , there is a very high probability of it going to 1.2107-1.2112 area.

Gold Coast martin 02:00 GMT August 31, 2004 Reply   
LONDON TH...sorry ,that aud FIGURE should read 7025-7030...not 71......g/t

Dallas GEP 01:57 GMT August 31, 2004 Reply   
OK TJ, most services are predicting a break on euro long but I don't see it happening. We will STAY in range at least for tonight IMO

GA TJ 01:53 GMT August 31, 2004 Reply   
Dallas GEP 01:40 GMT August 31, 2004
Well, one of us is going to look slightly smart. I moved Stop to B/E and will let it go. Will eval the situation in the morning.

nyc jk 01:42 GMT August 31, 2004 Reply   
LAX-LGB SNP 01:22 GMT August 31, 2004
good observation, $/CAD does look like a good short, cheers.

Dallas GEP 01:40 GMT August 31, 2004 Reply   
Closed short usd/chf @ 1.2770 +30

Ltn th 01:32 GMT August 31, 2004 Reply   
Martin// Can you confirm that 7125-30 for I presume AUDUSD?

Los Angeles ss 01:27 GMT August 31, 2004 Reply   
Anyone with views on cable?

LAX-LGB SNP 01:27 GMT August 31, 2004 Reply   
gbpchf needs to stay above 2.2956-73 to aim for 2.31+ ... nonetheless expecting corrective TL @ 2.29 to hold

Gold Coast martin 01:26 GMT August 31, 2004 Reply   
Good morning...a repeat scenario of my yesterdays post applies..LET THE YEN crosses support the euro up to 12080-90 and shorten with a 120-10 target with a timeframe of early ny trading session....aud same scenario..look for 7125-30 level ,shorten with target 6965..same time frame applies...stay tuned for a great finish to the week...g/t

LAX-LGB SNP 01:22 GMT August 31, 2004 Reply   
short on $cad below falling TL coming off 06/15 & 08/12 ... (61.8 % fibo of 1.3339-1.2955)

NYC TS 01:17 GMT August 31, 2004 Reply   
Still feel rangy USD/JPY, despite the heavy tone post fix...no followthrough...prefer 109.80-110.30

hk ab 01:12 GMT August 31, 2004 Reply   
jf//fwiw, collecting eur/jpy shorts hard here and eur shorts.
keeping dlr/cad longs and nzd shorts.

Dallas MD 01:10 GMT August 31, 2004 Reply   
Good evening ladies & gentlemen.

Dallas GEP 01:03 GMT August 31, 2004 Reply   
OK moved eur/usd stop to 1.2087.

Philadelphia caba 00:59 GMT August 31, 2004 Reply   
Dallas GEP 00:48 GMT August 31, 2004
Caba, I will close when charts indicate USD/CHF shorts will stop, I think that should be around 1.2770

Thanks, what TP do you use for intra day trading?

Dallas GEP 00:48 GMT August 31, 2004 Reply   
Caba, I will close when charts indicate USD/CHF shorts will stop, I think that should be around 1.2770

syd 00:43 GMT August 31, 2004 Reply   
There was some talk overnight that the weaker A$ is a
function of hedge book unwinding from potentially insolvent
Australian gold miner Sons of Gwalia. John Kyriakopoulos,
currency strategist at National Australia Bank says however, The Australian gold and tantalum miner appointed an administrator on Monday, saying that Gwalia may not meet hedge book commitments. NAB's Kyriakopoulos says potential for Sons of Gwalia insolvency could be AUD positive. "It is being reported that Gwalia will look to offload its gold assets and retain the tantalum business, most probably selling to an offshore buyer," he said.
reuters.

Ltn th 00:42 GMT August 31, 2004 Reply   
LA fxnew 23:09 GMT//
Probably just one of the best medium term analysts in the business world wide!

Philadelphia caba 00:35 GMT August 31, 2004 Reply   
Dallas GEP; GA TJ
Good evening guys, may I ask you about TP on short USD/CHF? Thanks.

Prague JV 00:31 GMT August 31, 2004 Reply   
Jms - dont give it up . Best signals are from your self . It can be hard to master for some time , but it will pay you 10 folds over time . Contact GVI or Jay for help

CAIRO AG 00:28 GMT August 31, 2004 Reply   
Re- Cable=== to be frank, IMO, charts suggest a LONG... BUT thats against the EXISTING trend.... and i was told and taught not to FIGHT ANY TREND !!

Conclusion===> i wouldnt play cable nor euro for now, but suggest short CAD and if u insist, than short aussie from 0.7015-25.

GL

Chicago Jms 00:25 GMT August 31, 2004 Reply   
Can anyone recommend a good trading signal service like T.A.P.S, etc. ?

Ina co'z 00:23 GMT August 31, 2004 Reply   
Morning all !...

hello Cairo...wheres your way for cable...any share with me ?...thanks a lot my friend ! :-)

Montréal Taro 00:22 GMT August 31, 2004 Reply   
test

CAIRO AG 00:18 GMT August 31, 2004 Reply   
JAY//

Another mail.

Syd 00:09 GMT August 31, 2004 Reply   

U.S. Dollar Softer As Incomes Stagnate

Syd EM 00:06 GMT August 31, 2004 Reply   
Fresh lows for this move down were recorded for the seventh straight session yesterday, though the pairing bounced ahead of the key 1.1975 support. Despite the falls, momentum is slowing and both the daily RSI and stochastic suggest
that a bottom is close. It is always tough to fight a trend, but our bias at present is to buy a dip to 1.2000 for a bounce to 1.2135/40 (view from Ifr tday) FWIW

wisconsin tim 00:03 GMT August 31, 2004 Reply   
going long GBP/JPY & EUR/JPY
G/Y regained close above 200 MA and stochs upturned looking for move back to 50 MA ~200 level

Dallas GEP 00:01 GMT August 31, 2004 Reply   
BTW my stop on usd/chf is 1.2830.

Dallas GEP 00:00 GMT August 31, 2004 Reply   
OK took usd/chf shorts @ 1.2800. This may be a little early. So if USD bulls play short euro will profit, if usd bears playusd/chf will profit. It it my belief we will have 2 way action tonight

 




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