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Forex Forum Archive for 01/12/2005

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Colorado Chief1Oar 23:53 GMT January 12, 2005 Reply   
Valdez,

Check your email...

Chief

Atlanta-South 23:41 GMT January 12, 2005 Reply   
Valdez//If u solve this lets us all be aware how. I feel your pain. As far as flows go, how can u obtain that info. Maybe a secret being well kept by a few. One thing I've learned in the past is to be flat when DATA comes out, or be very sure what the NUMBERS will be & how it will impact your position. Lets us know & maybe we can exit the LAND OF TECHS & FUNDES.

Halifax CB 23:39 GMT January 12, 2005 Reply   
Valdez - I don't trade on fundamentals because no one can really define what they are. I guess I trade on emotion as it is reflected in the prices, with the hope that similar events will cause similar emotions which will reflect similarly in the price action. Or maybe just the natural screwiness of people is what I would consider the only rela fundamental :)

So here's a few more numbers - I've been doing some regression analysis; based on normal statistics (which is weak, but cheap, & I can do it in Excel); the expected rise for the euro should have been about 200 pips from friday's close - i.e to about 1.326.
The expected eventual drop is about 280 points from the close; meaning a total expected profit of a little under 500 points, if all went perfectly.
What's really fascinating is that for 4 week rule euro events I've looked at, while the expected peak and fall vary strongly, the net expected result is quite flat.
I've put an Excel file on my site with this information in it; anyone can feel free to download it & play with it. It's not comma separated (since it has charts & things in it), so you will need a reasonably new copy of Excel to read it.

Dallas GEP 23:28 GMT January 12, 2005 Reply   
Well Quito, that's a VERY difficult thing to determine if we are following technicals OR fundamentals. EVEN more difficult is to determine what trading strategy to use ONCE we THINK we have identified the specifics of market. I think the MORE successful traders are the ones that can FIRST identify the characteristics of the market and THEN apply the appropriare trading strategy.

U.K. J.B. 23:28 GMT January 12, 2005 Reply   
Back focusing on the markets again. Will post if i see anything interesting to go for. Feel we have a decent r/r trade in stg 1.8900/50 from the short side. I noticed how volume has again increased substantially in the forex markets so i feel the key this year is patience as i feel we will experience plenty of volatility again this year.

Lets stop the whinging- do your own analysis and keep the forum friendly. Anyone who risks there own cash based on someone else's idea should not be trading.

Happy Trading ...

Rivonia PipPirate 23:22 GMT January 12, 2005 Reply   
E/G:
..6971..6981..6995..=S....R=7023..7037..7041...

Dallas GEP 23:12 GMT January 12, 2005 Reply   
Well AUSSIEs are in of course but not much movement still. So I guess we will wait until the Asian boys get in.

quito_ecuador_valdez 22:49 GMT January 12, 2005 Reply   
While the charts sleep, when the charts, vis a vis E/$, behave according to fundamentals, as they have the last two big moves (last Friday's downslide and today's up move) do you think fibs and other technicals are reliable enough to trade on? If so, say Aye, if not say Nay. In trying to fit this chart to some form of logic (a task which to me has not been possible), it seems that a chart either obeys technicals OR fundamentals. Not both necessarily unless by cooincidence. What a scramble if it tries to obey both. (?)

I think I am about to seek another trading style that is more flexible with real conditions rather than chartly predictions and/or pure fundamentals. It would be nice to have something reliable but what? This year might be a true challenge and A LOT OF LUCK (or bad luck).

If the chartists predict a move and it moves as predicted they are touted as the hero of the day. But what of coincidence which is probably some 50-50 odds? Like the scenario of the room full of slot machines..one wins and it rings but it rings only once a day..yet in a room of hundreds of machines one constantly hears rings making one think that everyone is winning. Las Vegas psychology.

Here on the forum, let's say someone calls a play correctly. They're a hero. Then a few days later they call a play completely wrong. Humm...where is the "one cancelles other" then? We have all seen this happen lately..no names mentioned as my friends don't need abuse, especially from me. But constructively, do you see my point here?

So it is time for me to seek something "ELSE" as systems don't turn me on AT ALL nor do technicals, nor do fundamentals...before this (weird?) year progresses any further. I think martin's method of assessing money flows then plugging that into his own propriatory "system" is going to be the ticket. Unfortunately I have no data feed for money flows so I will have to rely on martin's savy for that at least.

Syd :-( 22:48 GMT January 12, 2005 Reply   
Canada's Goodale says C$ rise No. 1 risk to economy
The rapid rise

Philadelphia Caba 22:17 GMT January 12, 2005 Reply   
Thanks GEP.

Ltn th 22:16 GMT January 12, 2005 Reply   
Syd. Thanks. I was thinking more from a daily perspective.
That dammed spot has me thinking about possibility of short eurjpy over next few days. LOL.

Dallas GEP 22:13 GMT January 12, 2005 Reply   
OK 1.8844 is roughly 38% retracement on GBP's high and low today

GOES B747 22:06 GMT January 12, 2005 Reply   
1.3270 short; changed my mind ... do not feel good with the current prices action .. will go sideline for a while.


gt

Dallas GEP 22:05 GMT January 12, 2005 Reply   
CABA....If I am patient maybe 1.8840

quito_ecuador_valdez 22:03 GMT January 12, 2005 Reply   
BTW, I posted the text below as a trading scenario for others to see and "log in" to their memory. When I do a good move or bad move or in this case NO MOVE I feel others should fly speck it and glean what they can. We learn from each other here..it isn't that I feel my trading (or lack of it today) is important enough to make anyone laugh or cry.

At this point I am at a total loss STILL as to what the E/$ will do. I see no indicators other than a slight bias UP-chart. I am still waiting for the big fish to execute their plan. Likely at that time Goldcoast martin can snoop in and tell us WHAT'S-IT-GONNA-DO with some warning time on our side.

bobl, you San Diego wizzard, what do you see amigo?

Syd 22:01 GMT January 12, 2005 Reply   
Ltn th Yen repatriation should be starting soon, Martin will probably know or BC when it due , should affect Aud tot he Downside up to end Of March.

Toronto Aviator 22:00 GMT January 12, 2005 Reply   
Halifax CB 21:49
Philadelphia 21:49
Thank you for your responses. I am on Sympatico, so I will try again.
Good luck

Philadelphia Caba 21:58 GMT January 12, 2005 Reply   
GEP, may I ask you on your tp level on gbpusd shorts? Thanks.

Ltn th 21:54 GMT January 12, 2005 Reply   
Apologies was thinking of chart. I should have said strength or upside of yen!

GOES B747 21:53 GMT January 12, 2005 Reply   
good evening all,

NY close price +15pips is my first EUR/USD short will add one more at +51.


gt all

Ltn th 21:51 GMT January 12, 2005 Reply   
Can anyone confirm if yen may have finished with its current downside to all majors and AUD? Dont know about CADJPY. Does anyone follow it?

Halifax CB 21:49 GMT January 12, 2005 Reply   
Toronto Aviator 21:47 GMT January 12, 2005 No, mine's been working fine all day. I'm on the sympatico/aliant hs network, fwiw. You don't happen to be on rogers?

Philadelphia Caba 21:49 GMT January 12, 2005 Reply   
Toronto Aviator 21:47 GMT January 12, 2005

No problem today, so far...GT&GL!

Halifax CB 21:47 GMT January 12, 2005 Reply   
BTW - re. the trade numbers. If I understand correctly, they are for November, which means that they are based on trade deals made in the summer & early fall (if not even earlier)and in expectation of the Christmas season. Yeah, they are seasonally adjusted, but that's only a kludge.

Toronto Aviator 21:47 GMT January 12, 2005 Reply   
Is anyone else experiencing connection problems with F*X*C*M* GL & GT

Dallas GEP 21:45 GMT January 12, 2005 Reply   
GD yes I think so especially AUSSIE

Dallas GEP 21:45 GMT January 12, 2005 Reply   
GBP twitching boys, get ready for the retracement.

Vienna GD 21:44 GMT January 12, 2005 Reply   
hi gep ... a happy and successful new year to you!!!

What about nzdusd and audusd ... rolling over to the downside?!?

quito_ecuador_valdez 21:43 GMT January 12, 2005 Reply   
The reason I didn't buy E/$ with bobl was because I felt, like he did, that it COULD visit lower depths. Many of the pros here felt that way as well. The mother support line looked like a possibility which would have put us at 1.26s..a heck of a way from Monday. Soooooo..I passed. I gave it a 50-50 to long or short and I am not about to trade with those odds.

The market is now trading the way it should trade and that's on funamentals. However the big boys still are not all back in the game and it remains to be seen as to what they are going to do as far as directing this market up or down STILL. I am one of the school who strongly feels FX is manipulated 100% other than the little 100 pip moves..which the market itself does.

Thanks for the sympathy cards fellas! LOL I went to the spa today to get out of this mess knowing this was news day...looking at the E/$ chart, the punch up was in stages, each would have caused me to have exited at the first sign of quiet..the subsequent entry would have not been made, I know myself well..or it would have been made only to stop again..whipping me around..so the most I could have grabbed nhad I played this would have been the first 50 pips out of nearly 170 gained today.

Halifax CB 21:42 GMT January 12, 2005 Reply   
Roumeli anka : My sentiments exactly :)

C'mon Valdex - even us 1.29 folks saw a big rise at some point (behaving only as a median type 4 week period it should have cleared 1.317); as it is a four week close that has a preceding drop ranking in the top four of the last few years, working just their bounces gives a bounce of 202 pips (on average) or 259 pips (median), ie a range for the bounce from 1.3245 to 1.33. Personally, I think that's really spooky (aside from the 20/20 nature of hindsight :). Oughta make that 1.29 bet soon....

BTW - trading on instinct taught me enough to know that mine are wonderully opposed to reality; hence the math. But I do admire those folks with the training/experience/talent able to do it naturally.

Gotta run get some shopping done. but good trades all!

Dallas GEP 21:36 GMT January 12, 2005 Reply   
OK really that 1.8914 level is the one to short from on GBP if you are not in already. Careful tho, GBP can be VERY tempermental. Realistically the stop needs to be above 1.8950 but the 1.8930 area SHOULD work. Euro shorting some now too GBP potentially can short MUCH farther than EURO

Syd 21:32 GMT January 12, 2005 Reply   
Aus employment data at 0030 GMT Risk is that it weak and spotlight benign interest rates

Syd 21:29 GMT January 12, 2005 Reply   
quito_ecuador_valdez not to worry your not alone , fell asleep for a moment when the Arabs said to have come in, strange how its always those times , the most important .

Vienna GD 21:26 GMT January 12, 2005 Reply   
quito_ecuador_valdez ... me too! But imho NOBODY expected that bad numbers - so that's trading!

London. 21:23 GMT January 12, 2005 Reply   
Vienna GD I was hearing that also sign commodities possible peaking

Vienna GD 21:21 GMT January 12, 2005 Reply   
London. 20:25 - gold shares (hui) lost ALL of their gains today and closed in the RED ... maybe this is a hint.

Syd 21:20 GMT January 12, 2005 Reply   
paramus,nj jf pity US data bad would have seen it, Aus and Kiwi Deficits as bad - Bond yields at 2yr low

Dallas GEP 21:18 GMT January 12, 2005 Reply   
OK added some more gbp shorts @ 1.8910 to the set I already had at 1.8933. Stops on all 1.8933

quito_ecuador_valdez 21:12 GMT January 12, 2005 Reply   
bobl// NICE LONG AMIGO! I wish I had never paid attention to the 1.29 soothsayers on this forum..I dind't long..was waiting for 1.29 to print. LESSON LEARNED REAL FREEKING FAST. Go with instincts.

paramus,nj jf 21:05 GMT January 12, 2005 Reply   
syd- gbp aud n nzd all collapse at same time - doesnt appear to be just yet

Dallas GEP 21:03 GMT January 12, 2005 Reply   
CAR, I knew someone would catch that...just see if we all are paying attention here!!! LOL

toronto js 20:54 GMT January 12, 2005 Reply   
any signal for me at the moment anyone? thanx in advance!! and also amman is ur signal still valid at the moment?

Juneau CAR 20:50 GMT January 12, 2005 Reply   
It was Van gough who cut his ear off. Picasso, liked the women too much to do that-lol.

Syd 20:46 GMT January 12, 2005 Reply   
Downside Risks To NZD Increasing ==Macquarie Research notes three factors increasing downside risks to NZD in coming months: 3Q current account deficit widened to 5.8% of GDP "which in a small economy threatens to cripple economic growth"; with U.S. Fed set to steadily increase rates this year, NZ's rates premium will diminish; commodity prices may have passed their peak.

Roumeli anka 20:40 GMT January 12, 2005 Reply   
Halifax... its funny...I have exactly the same question on usdlpy, up then down or straitgh down ? here my working chart

http://www.ttrader.com/mycharts/charts/contrarian/jpy.gif

Ldn 20:36 GMT January 12, 2005 Reply   
Dollar Counterattack May Happen Here

Dallas GEP 20:32 GMT January 12, 2005 Reply   
GBP looks to break down soon. Position is weakening for sure. Had a small run at figure then it bounced but only to 1.8914. Look for next attack for a possible break of 1.89 to 1.8875 at least intially.

London. 20:25 GMT January 12, 2005 Reply   
The strong uptrend of the dollar since late December may have ended conclusively with news earlier Wednesday of a widening U.S. trade deficit, and with the sharp reactive dollar sell-off. According to technical analysis, the sell-off is liable to be the first step in a renewed bear market. But if the dollar is going to make a comeback, it's going to move higher imminently. That's because Wednesday's drop has taken it down to potential chart bottoms. For example, the uptrend of the spot Dollar Index was interrupted by Wednesday's move below 82.61 earlier Wednesday. All it would take to dispatch the two-week corrective rally is a decisive move below 81.95. Such a move is likely, and in that case the index would fall below 80.39 to extend the long-term downtrend to 77.72 by February - April. But the Wednesday intraday low so far is 82.00, which is very close to 81.95 support. Late-day trading above 81.95, if it touched off a rally above 82.61 later this week, would give the index a shot a 83.13 resistance - and at a technical breakout. And, as of this writing, the dollar is practically trading at Y102.32 support. Its long-term downtrend against the yen suggests that support is about to be taken out by a move under Y101.83, to new downtrend lows. In that case, the dollar would be targeting Y98.67, which could be tested before the end of February. But if the dollar holds above Y102.32 and then rallies decisively above Y103.99, traders could expect it to gain almost an additional yen with a test of Y104.65 resistance at least. Conversely, the euro rallied as high at $1.3292 earlier Wednesday. It has since pulled back to the $1.3261 - $1.3250 support band, which may be a technical base for another rally as the dollar falls. But if the dollar is going to turn up from here, the euro would fall below $1.3250, to $1.3131 at least. That move would greatly increase the chance of an extended drop, to the $1.2825 technical breakdown point.
DJ>

Halifax CB 20:16 GMT January 12, 2005 Reply   
I've put up the new charts. Most seem to be evolving fairly consistently - there's some exceptions.
AUDUSD looks to be a 150 pip range trade
EURUSD seems to be relatively flat until early tomorrow GMT - there the strongest indication is of a sharp drop, although there's a secondary track that indicates a less steep but eventually deeper drop beginning. I'm currently short.
GBPUSD looks like a short to me (which I am).
USDCAD is unsettled
USDJPY - the dominant track is for a short fall to the mid 101 region followed by a steep rise, but there's a secondary that looks to drift up around 103 and then perhaps fall down close to, or below, 101. The two cross again around 0400GMT, maybe then I'll make a decison. But for now, I'm out. But note in the weight chart at the top the first two weights are relatively close in value.

On the two active trades I have (cable & eurusd) i'd like more confirmation before adding to them, or even not just dumping them on a dip.

Wisconsin Peter Jack 20:06 GMT January 12, 2005 Reply   
Ok. Shall be back in later.
good day everyone.

Atl TJ 20:01 GMT January 12, 2005 Reply   
Halifax CB 19:25 GMT January 12, 2005

Curious about your P&F values. What do you use for Box and reversal? Are they different for each pair? The P&F book on my desk is the one that I have not read yet.

TIA

Wisconsin Peter Jack 20:01 GMT January 12, 2005 Reply   
Thank you Spot.

Wisconsin Peter Jack 19:45 GMT January 12, 2005 Reply   
fakhoury
I dont like hedging as I feel it compromises on the skills of a good trader. hedging is good for safety of course, but from a technical trader's point of view, it's a challenge to not using hedging and still make better profits and that is what i always aim at. For bigger mounts I do use hedging as in other accounts.

I also posted another comment before this am not sure why I dont see it here.

San Diego bobl 19:35 GMT January 12, 2005 Reply   
Halifax...
Ah-hah; thank you very much for your clarification and information. Great to have a pf chart technician in room. Some pf traders of trend infamey have had awesome histories. Thank you again for your chart views.

Personally still looking to buy down with 2-hour close below 1.3100 my pain threshold. Just have a 1/5th on now and looking 32 area for next add. I would think that Asia or Europe would want to waggle this move a bit.

gl/gt

Amman wfakhoury 19:34 GMT January 12, 2005 Reply   
Peter Jack.
statement shows that you are expert trader
the interbank platform has the privilige of hedging in same currency.

Spotforex NY 19:27 GMT January 12, 2005 Reply   
nice beginning peter jack.....congrats!

a spread and commission???....your a retail brokers dream!!!!! A steep commission too.

and profitable......wow.



Halifax CB 19:25 GMT January 12, 2005 Reply   
Hi bobl; I'd treat the blue broken lines rather like Bollinger bands. The represent the "rails" imposed by the best fitting previous point and fivure chart, so they are the estimated limits of action over that time period - up to the width of the pf boxes (in our case, 10 pips) to the outside. Trading off the top isn't too bad - I've done alright on it, but I would prefer to wait on this pair until we get closer to a point where a significant fall might occur.
You are right about the approx time frame. The times are in hours from the last sample mentionned in the title (in this case 14:55 GMT). We are now at about 19:20 GMT, or about hour 6 of the chart putting the correction at perhaps another 6 to ten hours. In this case I'd probably wait - the pf charts on which they is based are essentially time independent, and so the time frames are listed on the bottom are somewhat arbitrary. Especially after a big move, when the market is lazing around, enjoying a smoke & a scratch after having it's bit of fun (so to speak.)
I'll be putting up some new one charts soon.

San Diego bobl 19:17 GMT January 12, 2005 Reply   
halifax...
130 area in 15 hours? had wrong chart

San Diego bobl 19:11 GMT January 12, 2005 Reply   
Halifax...
you eur/usd chart calls for correction to 1.3250 or more in next 6 hours? please interpret

Halifax CB 19:07 GMT January 12, 2005 Reply   
Man, my typing is bad, and html is irritating. Sorry for the repeat, I think I've got it right. Sorry.

Although I'm still looking to short USDCAD, I've decided to hold off at least a few more hours on the basis of this chart. The chart drawn up earlier indicated a bifurcation ( a point of indecision) around 1800 GMT. During that period the potential for a rise, rather than a fall, has strengthened, and it looks like it may move up to the 1.206 region. So we are staying out, and waiting. OTOH, I don't have much interest in going long on this pair without better information.

Amman wfakhoury 19:03 GMT January 12, 2005 Reply   
EUR/USD Buy above 1.3300 Sell below 1.3260


*************GOOD LUCK*************

Halifax CB 19:03 GMT January 12, 2005 Reply   
Although I'm still looking to short USDCAD, I've decided to hold off at least a few more hours on the basis of chart drawn up earlier indicated a bifurcation ( a point of indecision) around 1800 GMT. During that period the potential for a rise, rather than a fall, has strengthened, and it looks like it may move up to the 1.206 region. So we are staying out, and waiting. OTOH, I don't have much interest in going long on this pair without better information.

Amman wfakhoury 18:58 GMT January 12, 2005 Reply   
GBP/USD Buy above 1.8950 Sell below 1.8910

G O O D **** L U C K

Amman wfakhoury 18:39 GMT January 12, 2005 Reply   
amman R.G
what is your job

amman R.G 18:33 GMT January 12, 2005 Reply   
Amman wfakhoury

thx alot ....... i appreciated

Amman wfakhoury 18:30 GMT January 12, 2005 Reply   
amman R.G
great forecast

ny amc 18:26 GMT January 12, 2005 Reply   
JF..........thats the most I am looking for. just think they want to see 1 .33xx print today

paramus,nj jf 18:25 GMT January 12, 2005 Reply   
amc
im not convinced eur shud run higher its just a day trend reaction to the numbers - i thought 1.3300 wud be enuff maybe it needs 1.3310 - and that sounds fine to me

ny amc 18:23 GMT January 12, 2005 Reply   
ny amc 18:02 GMT January 12, 2005
just went long eurusd at 1.3273 looking for another push to 1.33. s/l at 1.3264
..moving s/l up to be

San Diego bobl 18:23 GMT January 12, 2005 Reply   
Nibbling in to eur/usd...1.3280 long; really would like to see some deeper retracement however we just haven't gotten yet. I am taking 1/5 th size here, expecting to buy lower into more meaningful support levels. My intention is to develop a longer term position,

london, herts jr 18:16 GMT January 12, 2005 Reply   
tks rg so short term stop at 40 in right place...appreciated

amman R.G 18:10 GMT January 12, 2005 Reply   
amman R.G 12:43 GMT January 12, 2005
GBP/USD ... seems heading to 1.8871 then 1.8911/30 ..... waiting for U.S.A trade balance

.....meat the target ....

now ..... its importent for the gbp/usd to take the 1.8937 R to extend the gain ... otherwise .. sell on market , cut loss 1.8980 , initial target 1.8854 .... bellow the 1.8820 will head to 1.8750 and that will force the cable to extend losses next week below 1.8644 .....

GOOD LUCK ALLLLLLLL

london, herts jr 18:07 GMT January 12, 2005 Reply   
also sold euro/yen here adding at 70 and 60...see what feels like if last bit done

london, herts jr 18:06 GMT January 12, 2005 Reply   
Sold cable 33...feels like offers holding..tight stop at 40..looking for 18885-95 zone

Roumeli anka 18:02 GMT January 12, 2005 Reply   
eur lg... thanks.

ny amc 18:02 GMT January 12, 2005 Reply   
just went long eurusd at 1.3273 looking for another push to 1.33. s/l at 1.3264

FRA Alpha Tango 18:01 GMT January 12, 2005 Reply   
sold usd/chf 1.1654 for .34 --->1.1592 tight stop

ny amc 17:54 GMT January 12, 2005 Reply   
paramus..jf............any chance you think they try one more push for 1.3310-20. covered my short at 72 for plus 13. i feel they could push once more just was curious as to what u thought. think we try uncle jack's steakhouse in ny over next few weeks.

San Diego bobl 17:53 GMT January 12, 2005 Reply   
Gold Coast Martin...
so far, so good; keeping bullets dry for the moment. I really suspected a more meaningful retracement but we just haven't found selling conviction as of yet. I do plan to get involved before end of day US trading. Just being patient for now.

ty again

gold coast martin 17:49 GMT January 12, 2005 Reply   
gold coast martin 16:01 GMT January 12, 2005



San Diego bobl 15:27 GMT January 12, 2005
Euro selling orders at 13298,13309,13324..euro buying at 13184,13202,13221......should 13298 not hold and euro buyer build up to 13251 it is a defining sign of 13328....for now..Should 13298 hold it is a sign of an increasei n selling momentum and 13225 in the interim....

gbp.....sellorders at 18944,18968,18994 and 19008....buying at 18741,18674,18613......indicating more selling at 18950-60 is expected than an increase in the buyer momentum to a higher level....a daily short at 18979 if seen,...18994 should contain gbp ...for now..

JF,LONDON IAIN,, ..Hope above previously posted info..is a guide.....verification of 18944 so far may be an indicator as well....g/t

Halifax CB 17:45 GMT January 12, 2005 Reply   
Re USDCAD - another bit of caution, that pair has a really bad habit of significantly retracing over a long tedious period before jumping down again. I've got the losses to prove it :(

Halifax CB 17:42 GMT January 12, 2005 Reply   
Picasso, you are braver than I, I'm waiting to around 1.202 or 1.1975 to look again. My own USDCAD chart indicates a significant potential for the pair to rise sometime soon (the path that sort of wanders upward in grey blotches on the chart), though the most likely path is still down. So I'll wait, but hope yours pays off..

London Iain 17:41 GMT January 12, 2005 Reply   
got taken out of short cable and eurusd earlier for marginal loss. Re-shorting cable now for new low with stop above 1.9020. Will add on a move to 1.8980 with same stop. Downside targets are for a new low. this should be wave 4 with 5 to come lower.

paramus,nj jf 17:39 GMT January 12, 2005 Reply   
martin i tend to like the gbp but if for some reason cud get closer to 1.9000 wud like to sell that

Dallas GEP 17:39 GMT January 12, 2005 Reply   
Nice call Picasso, don't cut that other ear off just yet!!! LOL

gold coast martin 17:37 GMT January 12, 2005 Reply   
GEP...Good trade...similar to the nzd short of yesterday that yielded 59 odd pips pre-data...fwiw...gbp for now has res. at 18947 and no significant support until 18863...g/t

Roumeli anka 17:36 GMT January 12, 2005 Reply   
Hi Halifax... well my idea is that this correction should go to the 0.618 fib level ie around 1.1520. I dont think that the current wave will make such damage, so I expect a sideway-uo action first and then the fall to 1.15. Next 72 hours are too short time frame for all this, but we will see.

Dallas GEP 17:33 GMT January 12, 2005 Reply   
1.8933 short on cable now with 30 pips stop target 1.8780

eur lg 17:30 GMT January 12, 2005 Reply   
Anka I'd like to say as well I like your charts

Zurich Picasso 17:29 GMT January 12, 2005 Reply   
1.1995 looks like a nice level to reload USD/CAD shorts...
Any opinions on that?

Miami OMIL (/;-> 17:23 GMT January 12, 2005 Reply   
NYC YIPPEE 17:18 GMT January 12, 2005
Thanks, your eur/usd and gbp/usd look good though. I will take two out of three any time besides it is pretty hard to hit three homeruns in one game LOL. GT

Eilat Dolphin 17:23 GMT January 12, 2005 Reply   
YIPPEE/ B-I-G GOOGLES. BIG BRAIN !

FRA Alpha Tango 17:23 GMT January 12, 2005 Reply   
1.8955 is the daily 50 ema of cable. A number that could convince everyone to take some profits...

Spotforex NY 17:22 GMT January 12, 2005 Reply   
YIPPE...

the pitch

WHACK

It is a deep fly ball to righfield.......fielder is on the warning tracks.....YIPPEE is rounding third.....

I hope your P/L grows by leaps and bounds.

Nice entry in the dollar pairs.

FWIW - our euro yen view is at odds.....I covered my aussy yen shorts.

San Diego bobl 17:21 GMT January 12, 2005 Reply   
Eilat Dolphin...
I have never held that I can see the future in charts, thoughts, or wishes and hopes. I am purely a technical trader, and that said, only reactive to market moves. I read the tea leaves with a blank mind, i.e. without opinion (I always say lose your opinion, not your money). From a purely technical read, the euro is longer term bull market and there is no convincing evidence to the contrary from what I see.

However, if we did find the 20 or 40 ma's, then obviously a deeper and therefore very tradeable downmove would unfold.
Bottom line for me, as posted here before, is that a change of trend is considered IF we take out 2 consecutive major pivots back; in the case of the EUR/USD this would be 1.1850. So, for my work, that is the main level in the sand right now. Not sexy, but if we take that out, I could see parity being a distinct possibility.

As for trading...personally I trade two systems. What I call a daily and weekly system. I posted my weekly lines Monday and again today. We have reverted back to the longer term trend for now imho. I like the long side now.

More in a minute...long distance call.

Halifax CB 17:20 GMT January 12, 2005 Reply   
Roumeli anka 16:48 GMT January 12, 2005
Interesting chart on usdchf. When you put the extension there on the right of future expected price action, is that roughly un the same time type steps as in the main plot? I ask because I just ran one for the same pair, and get very similar action, which I guesstimate to occur over the next 72 hours. I stuck the chart here . It's remarkable the similarities, especially in relative (not so much absolute) levels, once my time factoring is removed. But I do like it when different techniques give similar results. Cheers.

NYC YIPPEE 17:18 GMT January 12, 2005 Reply   
OMIL

I stuck these on earlier. The idea was for AUDJPY to be my JPY play, but it hasn't worked out.


NYC YIPPEE 21:58 GMT January 9, 2005
FWIW A swing for the fence. First one in the portfolio in 2005. Gotta think B-I-G !!!!

Buying EURUSD 1.3065 Stop 1.2920 Target 1.3380.
Buying GBPUSD 1.8720 Stop 1.8580 Target 1.9365.
Buying AUDJPY 79.42 Stop 78.60 Target 83.10.

OPO cl 17:18 GMT January 12, 2005 Reply   
Limassol Bobby, thank you very much.
All the best 2 u

Amman wfakhoury 17:17 GMT January 12, 2005 Reply   
Spotforex..
thanks alot your advise...I just giving clear signals..and leave the decision for the trader.
My signals for today were clear and correct even you gain 20 pips

Miami OMIL (/;-> 17:16 GMT January 12, 2005 Reply   
BTW YIPPEE congratulations on your eur/usd and gbp/usd pair calls in the beginning of the week. GT

Eilat Dolphin 17:15 GMT January 12, 2005 Reply   
B747/ Didn't see nor hear. Checked the news. Nothing besides the western wall being the most visited site around.

May be I'll go some day... when women won't be apartheided to the side for existing as attractive sexual beings, or if I can embed among them.

Limassol Bobby 17:10 GMT January 12, 2005 Reply   
OPO, re-OPM - site says they have Nicosia office - but no local phone numbers registered on Cyprus
Past peformance runs into science fiction
Looks like hoaks to me ( IMHO) Ciao

Miami OMIL (/;-> 17:09 GMT January 12, 2005 Reply   
NYC YIPPEE 16:55 GMT January 12, 2005
Interesting move on the eur/jpy I have main daily support around the 134.40-50 area with key resistance around 137.40-50, 138.80-139.00 in my system are you looking for this pair to fill the gap or take off from here. TIA

Atlanta-South 17:07 GMT January 12, 2005 Reply   
We have some GREAT TRADERS with years of experience on this forum, that is very obvious. At the same time no one TRADER has the crystal ball benefit when calling the market moves. Even with YEARS of experience we can be wrong. Ref the morning announcement I myself got caught in a small way, but it could have been worst. Not enought damage to need the emergency room. This is directed to the NEW TRADERS on the forum. The more experienced know this. On the concept of following the trade advice of others, NOT a good move unless you KNOW that advise givers track record. Read the advice, check it out first. If you can't understand the advice, stay out of the trade. More money lost on following bad advice. YOU & ONLY YOU are RESPONSIBLE for your trading decisions. These are not just my thoughts, I have felt the pain.

Thanks to all that post on this forum. Alot of help to be gained from all of you. GT TOO ALL.

Eilat Dolphin 17:07 GMT January 12, 2005 Reply   
bobl/ I like it. However would you favor an acceleration of the move E/$ this year, weeklywise?

And if not the E/$ should, at some point this year go sit on the 20 EMA, if not the 40 EMA; that means some decent descent below 1.30 in the coming weeks, (then add a full figure above for every month or so if the trend up continues).

It is this that built the bulk of my E descent/correction view.

So?

San Diego bobl 17:07 GMT January 12, 2005 Reply   
Another interesting market bifurcation...
DJI up 12
TRANS down 73!

This drives Dow Theory fans bananas...lol.

Big surprise to me is that the US treasuries continue lazy trade as if nothing going on.

GOES B747 17:02 GMT January 12, 2005 Reply   
Dolphin, did you hear about the story with kids and teacher in Ashdod? // just see the teachers in Ashdod will strike tomorrow.

gt

FRA Alpha Tango 17:02 GMT January 12, 2005 Reply   
euro opened below 1.3280 but usd/chf and sterling support well the bearish dollar feeling. I think the trend is just looking for crazy buyers like me to resume !lol

Limassol Bobby 17:02 GMT January 12, 2005 Reply   
HUH...OPM ?? dunno....BTW, this subject should be related on Help Forum (or used to be:)...

Spotforex NY 17:01 GMT January 12, 2005 Reply   
It is all about risk management.....

simple as that!!!!!!

signal this and signal that. One must develop a 'routine' in trading. Be the robot!!!!!

Find your style and stay with it. Those who look for the study de jour or whatever will likely encounter many periods of frustration.



OPO cl 16:59 GMT January 12, 2005 Reply   
Limassol Bobby, did u know opm brokers??..received a fax from then today!

Budapest Daniel 16:58 GMT January 12, 2005 Reply   
thanks for your view Amman

Spotforex NY 16:58 GMT January 12, 2005 Reply   
FWIW

YIPPEE has had a hot hand for many weeks now.

Great clarity in his post. Entry with related stop and profit obj.

Eilat Dolphin 16:58 GMT January 12, 2005 Reply   
On this move, the shiniest gold was the shyest mover with the £ of course.

Isn't it unusual ?

Amman wfakhoury 16:57 GMT January 12, 2005 Reply   
Market very slow
no signal for this hour

Miami OMIL (/;-> 16:56 GMT January 12, 2005 Reply   
FWIW I have Oil testing key resistance (46-47) with intent on taking it out. $ Index on the other hand is testing support around the 82 area if taken out we can see a test of the old low (80) and a test of the main target (79) in my system IMHO. Peace and GT

Spotforex NY 16:56 GMT January 12, 2005 Reply   
wfakhoury

signal itself as a tad vague, but i have a daily signal that takes effect every day at 0:00 GMT. I usually refine the signal with chart points and pivot points and acelleration zone.

Readers tend to like exact levels of entry and exit.....

here is something I posted on GVI earlier today...

Spotforex NY 15:13 GMT January 12, 2005
FWIW...told of swiss bank bids in dollar swiss at 1.1630 area and more at 1.1590

Dollar Swiss is now 1.1650 bid after testing the support at 1.1630 after the post...was it a success??? It was just info...

Not sure...just passing info for the forum to digest. Perhaps it would help fine tune one's stop or another's entry order....

but I write and pass on info for the reader to decide based upon their risk management level.....

Limassol Bobby 16:55 GMT January 12, 2005 Reply   
It's a mistery Gaza........

NYC YIPPEE 16:55 GMT January 12, 2005 Reply   
FWIW Buying EURJPY 1.3585 Stop 1.3510 Target 1.3970.

San Diego bobl 16:55 GMT January 12, 2005 Reply   
Eilat Dophin...
Love to hear your views; my read is as follows...

After base/ cup and handle from 2000-late 2002...we ended up making closing consecutive yearly highs in 2002,2003,2004.
In 2003 the Dec high was retraced 10 handles (1000 pips); 2004 closing annual highs retraced a little over 600 pips last week. Every longer term trendline and even the 20 ema has not been violated in this years pullback. We are long way from 50 sma (1.2500 area). This all supports the bullish till proven otherwise theory to me...just mho.

NYC YIPPEE 16:54 GMT January 12, 2005 Reply   
Yawn...................................

gold coast martin 16:52 GMT January 12, 2005 Reply   
london steamer 16:37 GMT January 12, 2005

NZD...Loss of steam is defined at 7087 level.....shorting between 7070-7080 is good for 70-80 pips daily or 150 pips in medium term....look at the 36 hour chart up to data release to see your future rewards for short/medium terms..g/t

Gaza Ibiza 16:51 GMT January 12, 2005 Reply   
Amman wfakhoury you had placed entry levels on the asia hi and low both those levels were violated new hi1.3131 hi in the euro in the london entry and then new low1.3083 in london later session... so how could someone make money exactly on those suggestion? care to explain?

Amman wfakhoury 16:51 GMT January 12, 2005 Reply   
spotforex...my morning signal is for the day..is not hourly signal

Amman wfakhoury 16:48 GMT January 12, 2005 Reply   
Then sorry..it will be at 1700 GMT

Roumeli anka 16:48 GMT January 12, 2005 Reply   
Roumeli anka 20:26 GMT January 9, 2005
Good evening... This is my latest update on usdchf. I expect one more minor move up, above 1.19 and after that a sharp retracement. gt

Well... I was wrong about the minor wave above 1.19, the rise was completed, but the sharp retracement is here.
Now, I still think that the advance from sub 1.13 to around 1.19 is the primary mid term trend and the current fall the "correction". Here is the new chart and the andicipated path. A time consuming wave-B

http://www.ttrader.com/mycharts/charts/contrarian/chf121.gif

Amman wfakhoury 16:47 GMT January 12, 2005 Reply   
Gaza
this signal is in the morning not for now

Spotforex NY 16:47 GMT January 12, 2005 Reply   
wfakhoury

Let me know about the 15:00 GMT 'signal'.....it is 16:47 GMT according to the global clock.

Amman wfakhoury 16:46 GMT January 12, 2005 Reply   
Budapest
my coming signal on the hour 1500 GMT

gold coast martin 16:45 GMT January 12, 2005 Reply   
San Diego bobl 16:17 GMT January 12, 2005

No prob.....for now i will trade these zones until they change....nursing the euro bruises back to health so to speak....

Eilat Dolphin 16:44 GMT January 12, 2005 Reply   
bobl/ Interesting, even more so that I was seeing the opposite on weeklies.

Spotforex NY 16:44 GMT January 12, 2005 Reply   
wfakhoury

congrats on your 'call'....but Qindex, SFX and HK are respected names in GV world. Not sure what your post had to do with them....

again..it is all about risk management...you have previously stated that you risk 30 pips to make 30 pips....are you taking credit for catching the whole move today?????

If you did - hats off to you!!!!

Gaza Ibiza 16:43 GMT January 12, 2005 Reply   
Amman wfakhoury 16:38 GMT January 12, 2005
are you kidding???? So you went long in the am when we made a new hi then you went short whe we made a new day low right?

Budapest Daniel 16:42 GMT January 12, 2005 Reply   
wfakhoury you mean 1.3300?

Eilat Dolphin 16:42 GMT January 12, 2005 Reply   
Syd/ Ya, but he (Powell) exits next week, so...

San Diego bobl 16:40 GMT January 12, 2005 Reply   
Spotforex...
good comments today...all good to great traders in my experience certainly have scars and have learned from the greatest teacher of all...long term experience.

Looking at the weeklies here a few years back gives a lot of support for this move and minimizes the impact of last week.

Man...is this all the pullback we will see??? Certainly no flood of profit taking or strong sellers gaining control.

Syd 16:40 GMT January 12, 2005 Reply   
Powell Sees US Troops Beginning To Exit Iraq This Year

Amman wfakhoury 16:39 GMT January 12, 2005 Reply   
Budapest
next signal on the hour 00

Eilat Dolphin 16:38 GMT January 12, 2005 Reply   
Had the trade number been -47 B$, the $ would have gained 1.5% or so.

Thus a simple amplitude of 13 B$ on one month trade can change the $ value by up to 3% in a day, + a follow up trend.

If that's not excess, what is ?...

Amman wfakhoury 16:38 GMT January 12, 2005 Reply   
Amman wfakhoury 05:39 GMT January 12, 2005
Hi traders ,
Amman wfakhoury 05:39 GMT Jan12,2005
My signals for today :

EUR/USD Sell below 1.3100 Buy above 1.3125
GBP/USD Buy above 1.8790 Sell below 1.8760

G O O D L U C K


I hope you made high profit from my signals for today

Chicago YM 16:37 GMT January 12, 2005 Reply   
hope everyone is doing well

Budapest Daniel 16:37 GMT January 12, 2005 Reply   
wfakhoury what are your next forecasts? :)

london steamer 16:37 GMT January 12, 2005 Reply   
gold coast martin

It looks like the nzd is beginning to lose steam, what do you think? Is it time to short it.

Ldn 16:36 GMT January 12, 2005 Reply   
Hong Kong Qindex Fed will increase rates whatever oil price , as they need to get them back to normal. Dont think they are using that as a criteria atall they have another agenda in mind.

Amman wfakhoury 16:35 GMT January 12, 2005 Reply   
hk revdax 05:41 GMT January 12, 2005
Singapore Sfx 05:25//your feet could tell you that. In fx trading, it is your gut.

Hong Kong Qindex 05:41 GMT January 12, 2005
GBP/JPY : Current Comment. Register with Jay at [email protected] if you have no access to my page.



Amman wfakhoury 05:39 GMT January 12, 2005
Hi traders ,
Amman wfakhoury 05:39 GMT Jan12,2005
My signals for today :

EUR/USD Sell below 1.3100 Buy above 1.3125
GBP/USD Buy above 1.8790 Sell below 1.8760

G O O D L U C K


I hope you made high profit from my signals for today

Hong Kong Qindex 16:31 GMT January 12, 2005 Reply   
Ldn 16:28 GMT - When crude oil is trading above 47.11, the odds are good that Fed will increase the rate by 0.5%.

Dallas GEP 16:30 GMT January 12, 2005 Reply   
Too quick!!!! GD it!!!!

Philadelphia Caba 16:30 GMT January 12, 2005 Reply   
Closed usdchf long @ 1.1650.

Ldn 16:30 GMT January 12, 2005 Reply   
Actually the Euro could end up as a carry trade if their rates stay low

Spotforex NY 16:29 GMT January 12, 2005 Reply   
HK Kevin 16:21

yes pain is part of the game....

back in my brokerage days trading FX...the dollar swiss dealer LOVED to have his positions go against at first....it would confirm his support/resistance levels and he would add to his position and confidence when it came back into the money.

He was a great trader and fun to sit nearby.

Ldn 16:28 GMT January 12, 2005 Reply   
Anyone see the Fed raising rates at a faster pace now

Miami OMIL (/;-> 16:27 GMT January 12, 2005 Reply   
GOES B747 16:21 GMT January 12, 2005
As they say wait till you see a clear shot before you pull the trigger. Eur/usd hovering around main resistance and I am waiting as well to pull the trigger. GT

Spotforex NY 16:27 GMT January 12, 2005 Reply   
and there is Zorrodamos

Dallas GEP 16:27 GMT January 12, 2005 Reply   
Closed eur/usd shorts @ 1.3279

Spotforex NY 16:26 GMT January 12, 2005 Reply   
Haifa ac 16:18

I have been refered to as
SPOTrodamus

Eilat Dolphin 16:25 GMT January 12, 2005 Reply   
Hi, FLFLI ac, when I wrote that, I added "outrageous" and "unique" prediction, and took it back before market opened.
So be kind and don't sodonostradamize me °°^(o)

Spotforex NY 16:25 GMT January 12, 2005 Reply   
Haifa ac

yes..it is a limited history in its forecasting..but it has been a trend since the euro launch (and effective)......

back in spring 2002 (week of Apr 22nd) the euro reversed its 3 year run of achieving its high in Jan (1999, 2000 and 2001)....This observation was highly noted on Global-View.

I stated at that time that I (spotforex) would not post again until the euro hit parity.....I only had to be quiet for six weeks to achieve that move).

History is important when analyzing market behavior!

Miami OMIL (/;-> 16:24 GMT January 12, 2005 Reply   
Martin I have main resistance for aud/usd pair around the 7710-20 area I will be a buyer above that level for this pair just my 2 cents worth. Peace and GT

Amman wfakhoury 16:23 GMT January 12, 2005 Reply   
Hi
I hope you made high profit from my signals of today

GOES B747 16:21 GMT January 12, 2005 Reply   
a great man waits for 1.33 t/p ... I want great man to be happy ... 1.33 now TIA

gt

HK Kevin 16:21 GMT January 12, 2005 Reply   
Spotforex NY 16:09 GMT, huge profit usually begin with small pain. DOn't like the market action around 1.3280. Now trying to close my EUR short from 1.3282 at breakeven for a few pips profits.

Haifa ac 16:18 GMT January 12, 2005 Reply   
To speak of yearly extremes on Jan 12 is NOSTRADAMIC AT BEST! (you don't want to know what it is at worst!)

San Diego bobl 16:17 GMT January 12, 2005 Reply   
Gold Coast Martin...
Thank you very much. I intend to review your levels and certainly watch these trade zones. Bottom line, my system remains longing with the levels I felt important from beginning of week.

I was taking all selling opportunities below these levels...then took the hit today on the numbers, and am looking to get long.
Sure looks like the market wants resume main trend at this point; time will tell

Thank you again my friend.

Ldn 16:17 GMT January 12, 2005 Reply   
US Bond Rally Reflects Central Bank USD Buying Talk

gold coast martin 16:16 GMT January 12, 2005 Reply   
FWIW....a BREACH OF 7713 (If seen on the AUD as there is resistance at 7707) will define a major medium to long term reversal to the downside ...... The breach of this level will indicate the commencent to add more aud shorts for medium to long term....g/t

Haifa ac 16:15 GMT January 12, 2005 Reply   
Spotforex NY 16:06 GMT January 12, 2005
FWIW - January has been the 'extreme' point for the Euro since its launch on Jan 1999.....//
Again bc from 4th:
shanghai bc 12:19 GMT January 4, 2005

VALDEZ --Good evening..As a rule of thumb,the first two weeks of any new year is always full of erratic moves..The real moves will come later starting in the middle of the month..

Eilat Dolphin 16:15 GMT January 12, 2005 Reply   
NY/ Friday evening I thought and even wrote that the E just had it's historical low, but on the week end, after further study of the weeklies, I retracted the statment.

And now, I simply don't know, thus, I bring back my concentration on a much smaller time frames; like the day or two. At the most.

Miami OMIL (/;-> 16:14 GMT January 12, 2005 Reply   
Dallas GEP 16:03 GMT January 12, 2005
EUR/USD saw prices rally to 1.3289 today, but traders say those accounts fading the rally are about to feel another dose of pain. Many think that European accounts have been selling into the rise in EUR/USD today and there is little on
the order books to prevent a further rise to 1.3320. The buyers have been largely model accounts and CTAs, aside from the large Asian CB buying seen earlier today.
Last post was for you.

Dallas GEP 16:14 GMT January 12, 2005 Reply   
Well there appeared to be some systematic bidding around that 102.15 area on USD/JPY earlier

Dallas GEP 16:11 GMT January 12, 2005 Reply   
WEll WTH, Eur/usd short from 1.3288 now (light) with 20 pip stop

Miami OMIL (/;-> 16:11 GMT January 12, 2005 Reply   
Have not heard of any only large stops above the 3280 area thru the rumor mills (which I don’t believe very often). Peace and GT

Philadelphia Caba 16:10 GMT January 12, 2005 Reply   
Trying small long usdchf @ 1.1635

Spotforex NY 16:09 GMT January 12, 2005 Reply   
I too am looking for 1.25ish for euro before the dollar bear market continues.....

Price action for euro continues to mimic last year's jan action (which eventually created a 'double-top' chart formation)....

also nursing a 'loser' in euro yen at this time after trade figs. I am a low leverage player and will add to this at 136.30/50 area and above 137 is my threshold of pain.

Halifax CB 16:08 GMT January 12, 2005 Reply   
New charts. The garbage has been cleaned out; now there are only pair charts and pair charts listed with an "_last" in the name. These latter treat the last leg of the pf charts as reversal point, the former do not. I generally use only the regular charts. We are short eurusd, in a small way.

Ldn 16:07 GMT January 12, 2005 Reply   
Van Gecko many thanks, it looks as if Dollar rally has been thrown with the numbers but will keep my faith . more good data may turn it around (USD)

Spotforex NY 16:06 GMT January 12, 2005 Reply   
FWIW - January has been the 'extreme' point for the Euro since its launch on Jan 1999.....

Only last year was the exception........

will the 'Zorro Zone' work in '05???????????????

I am refering to this post:
EU ZORRO 14:16 GMT January 12, 2005

...did we saw the year low in EURO around 1,30...???

Dallas GEP 16:03 GMT January 12, 2005 Reply   
Does anybody know about if there is an option defense right now at 1.3300 on Eur/usd????

Hong Kong Qindex 16:02 GMT January 12, 2005 Reply   
Miami OMIL (/;-> 15:58 GMT - I am fine, thank you. Spot gold is tricky and I have to monitor it closely for the next two days.

van Gecko 16:01 GMT January 12, 2005 Reply   
Ldn 15:25.. euro climbed 15 figures in Q4.. bear markets usually run much faster then bulls.. so 1.25 in Q1 is a resonable m/t target..

Waverider 15:40.. usd/cad must take the recent 1.17 lows & sustain weekly closes below inorder to have another shot at my 1.13 target.. a tough bear job under the present market dynamics..
gl..

gold coast martin 16:01 GMT January 12, 2005 Reply   



San Diego bobl 15:27 GMT January 12, 2005
Euro selling orders at 13298,13309,13324..euro buying at 13184,13202,13221......should 13298 not hold and euro buyer build up to 13251 it is a defining sign of 13328....for now..Should 13298 hold it is a sign of an increasei n selling momentum and 13225 in the interim....

gbp.....sellorders at 18944,18968,18994 and 19008....buying at 18741,18674,18613......indicating more selling at 18950-60 is expected than an increase in the buyer momentum to a higher level....a daily short at 18979 if seen,...18994 should contain gbp ...for now..

Hong Kong Qindex 15:59 GMT January 12, 2005 Reply   
EUR/USD : It seems to me that the market has captured the quantized level at 1.3280 and the following comment is likely to happen later this week.


Hong Kong Qindex 10:01 GMT January 7, 2005

EUR/USD : I am expecting the market will vibrate around {1.3280} with an expected magnitude of +/- 124 pips, i.e. 1.3157 - 1.3280 - 1.3404

Miami OMIL (/;-> 15:58 GMT January 12, 2005 Reply   
Hope you are well Qindex I also have resistance for gold around the 431 and 434 area with main resistance around the 440 area. GT

Livingston nh 15:56 GMT January 12, 2005 Reply   
This afternoon's auction of 5 yr US treasuries might show whether CBs are still going to buy // the 10 yr bunds have a lower yield than US 5 yr and the Fed moves are hammering the yield curve -- a snap at some point in the next month

London. 15:56 GMT January 12, 2005 Reply   
Analysts, surprised by the weakness in exports, said the drop could be a one-month phenomenon.

"I don't think it's the beginning of a trend," U.S. Trust economist Robert McGee said. "Other indicators on exports have showed strength." Imports overall increased 1.3% to $155.85 billion during November, the Commerce Department report showed. Oil imports climbed - even though some analysts had predicted falling energy prices could mean a lower value of purchases. But Wednesday's data showed while the average price of a barrel of crude fell, down 64 cents to $41.15 from $41.79, the volume of imports surged, rising to 326.48 million barrels for the month from 315.81 million.

Hong Kong Qindex 15:53 GMT January 12, 2005 Reply   
Hong Kong Qindex 15:53 GMT January 12, 2005
Spot Gold : It is trying to tackle the range at 431 - 433.

Miami OMIL (/;-> 15:52 GMT January 12, 2005 Reply   
Main resistance is being tested by the eur/usd pair if take out look for 3310-20 to give some trouble for the bulls. A close today above the key support (3250-80) area will go a long way for the bulls. I will be a buyer above the key support for this pair as I said before. Support is seen now at 3250-60 and 3210-20 area for the bulls IMHO. Peace and GT

HK [email protected] 15:52 GMT January 12, 2005 Reply   
Just common sense.

Not even one good reason at that current level of deficit to let USD appreciate.
The chart formation still intact; supporting Euro to 1.3950/1.40xx.
Nothing yet to negate USDX target move to 77.5.


FRA Alpha Tango 15:51 GMT January 12, 2005 Reply   
euro must open above 1.3280 to achieve the target slowly but surely. I'll close in the other case

FRA Alpha Tango 15:49 GMT January 12, 2005 Reply   
Eilat Dolphin 15:40 GMT January 12, 2005
it's not a question of courage. You know the notion of overbought/ oversold are very relative. That's why your stochastic can be crushed on the roof while prices still go up.

Eilat Dolphin 15:49 GMT January 12, 2005 Reply   
FRA/ Yup, and tomorrow, we Euroies wake up with high fever, wondering why we didn't cover up with that cold wind blowing from the West, and declare: "it's all Snow's fault"!

Limassol Bobby 15:45 GMT January 12, 2005 Reply   
3 supports for next 24h - 1.3270 , 1.3250 & 1.3225.......
Stays above, goes higher.....
Ciao

FRA Alpha Tango 15:44 GMT January 12, 2005 Reply   
Eilat Dolphin 15:39 GMT January 12, 2005

This said, i'll watch closely the 1.33 level on the 1 minute chart ( my microscope) the detect an evental trace of virus

Hong Kong Qindex 15:42 GMT January 12, 2005 Reply   
USD/CHF : Current Comment.  Register with Jay at  [email protected] if you have no access to my page.

Phuket Waverider 15:40 GMT January 12, 2005 Reply   
van Gecko: When would you "give up the goose" so to speak, TIA

Eilat Dolphin 15:40 GMT January 12, 2005 Reply   
.Yes.Does anyone has the courrage to enter a E$ position at these levels for today ?
Alpha tango may be ?

Eilat Dolphin 15:39 GMT January 12, 2005 Reply   
Alpha tango/ I agree. A long candel makes no shade!

San Diego bobl 15:39 GMT January 12, 2005 Reply   
Unless we see something very unusual, huge spikes that appear to have no pullback capability will get everyone on board, and then the pullback materializes and flushes the late chasers out and offers a better entry. I do want to buy euros and cable, but am still waiting for US close, or better yet, a nice pullback. I think we will be able to buy cheaper this session.

Hong Kong Qindex 15:39 GMT January 12, 2005 Reply   
USD/CAD : Current Comment.  Register with Jay at [email protected] if you have no access to my page.

Eilat Dolphin 15:37 GMT January 12, 2005 Reply   
Within 10 pips/ For a short dive, Within, real short. Ten, twelve meters or so, you know, just to keep in shape.
What's a day without a couple of dives ?

FRA Alpha Tango 15:36 GMT January 12, 2005 Reply   
Eilat Dolphin 15:31 GMT January 12, 2005
If 1.3280 was a resistance, it would have been badly rejected by now regarding the general configuration IMO. I'll buy smoked salmon for you!!

Limassol Bobby 15:33 GMT January 12, 2005 Reply   
Not a Malta sun Gecko........we ran back to Cyprus :) Don't even ask :) Ciao

Bahrain Within 10 Pips 15:31 GMT January 12, 2005 Reply   
CHF by thurs should have a high of 1.1470 late
the coming few hours ----> if Short Euro...then prepare to die

Eilat Dolphin 15:31 GMT January 12, 2005 Reply   
FRA/ Easy if you are into science fiction fx, safely cruising in hyperspace etc. If I see the figure like soon enough, I short it! Again. For a mouthfull of sardines. At least...

melbourne 2nite 15:28 GMT January 12, 2005 Reply   
hello all ..
now see whether got higher high/low and where the other party set base for push up.
amending prev target , 1.34/35 will be more realistic for now as view would be for 1.3050-3450 range for the time being.
All the best .


melbourne 2day 04:36 GMT January 7, 2005
Hello to all ..

my wild guess ..
this usd rally fuelled by speculative money on 1.3700 (eurusd) holding during Christmas/ new year holidays , making the path of lesser resistance during the thin first week market down, riding on expectation of good number friday and with even usd bears persuaded on a usd correction (though some expecting from higher eurusd lvl) .

Hence looking to buy 1.30-32 targeting 1.34-36 prefering on 1.3100 false break , keeping an eye on the following pattern discontinued ..

1. eurusd fall had been able to establish firm resistance around big figure 1.35, 1.34, 1.33, 1.32 ..

2. lower daily high/low ..

Just my wild guess .. GT to all.

San Diego bobl 15:27 GMT January 12, 2005 Reply   
weekly target number hit also now in gbp/usd...1.8903; all three hit (euro/jpy/gbp)...now, if we hold, even though I do not buying these extended levels, I will do so towards US close with considering of adding on good pullbacks until market proved otherwise.

I am showing lots of block activity here selling euros...
gold coast martin...do you see the same? Would appreciate your money flow read at these levels.

thank you

van Gecko 15:26 GMT January 12, 2005 Reply   
hey Bobby.. lotsa new faces since your last visit.. hows life under the Malta sun? eur/cad taking a breather after the recent 1200 pip blast.. a bounce from here with euro stalling infront of 1.33 should support the Goose's return flight back to your 1.35/40 targets..
Ciao amigo..
Syd.. yep, old habits die hard.. cheers..


Ldn 15:25 GMT January 12, 2005 Reply   
Van Gecko, do you have a time frame for the Euro low thks.

Miami OMIL (/;-> 15:25 GMT January 12, 2005 Reply   
Indonesia - Solo Raden Mas 08:59 GMT January 12, 2005
aud look for 7551 to go up again or 7531.thinking about 7649
Good call Raden I have 7550 on my platform. GT

Hong Kong Qindex 15:23 GMT January 12, 2005 Reply   
Hong Kong Qindex 15:09 GMT January 12, 2005
EUR/USD : My weekly cycle charts indicate that the market is heading towards 1.3351 - 1.3371.

FRA Alpha Tango 15:20 GMT January 12, 2005 Reply   
euro is having the same behaviour than for 1.3230, filling the tank to burst it. Well, I my conviction. Long again 1.3280 for 1.3330 , stop .50 Hey? Easy!

HK Kevin 15:18 GMT January 12, 2005 Reply   
hk revdax, you are not alone. Long EUR at 1.3110 was stop loss at 1.3089. Now just short at 1.3282, s/l above 1.33. Watch NY close for further clue

Hong Kong Qindex 15:16 GMT January 12, 2005 Reply   
EUR/USD : At least 1.33xx

GENEVA FHR 15:15 GMT January 12, 2005 Reply   
Seems the EURO doing the same it did beginning 2004.
Top 1.295 lost 6 cents and then retraced 4 cents.Amusing

Eilat Dolphin 15:14 GMT January 12, 2005 Reply   
My TA tells me that's about it for now.

Limassol Bobby 15:14 GMT January 12, 2005 Reply   
Just watch reaction on EURUSD at 1.3320......when/if it occures..Ciao

Limassol Bobby 15:13 GMT January 12, 2005 Reply   
LOL DC :) I just love to give priceless advices :) Ciao

Hong Kong Qindex 15:13 GMT January 12, 2005 Reply   
EUR/USD : The market is trading outside my daily cycle normal trading range and the odds are against short position.

Halifax CB 15:12 GMT January 12, 2005 Reply   
Well, mashed the links again, but at least this time didn't mess up the board.

This is the previous chart

This is the new chart.


FRA Alpha Tango 15:12 GMT January 12, 2005 Reply   
buy on usd/chf aborted, the trend looks too strong to stop there I'm afraid....

San Diego DC 15:11 GMT January 12, 2005 Reply   
Limassol Bobby,

I am very pleased to know that there is atleast one soul on this forum who gives advice not to follow others to trade.

Hong Kong Qindex 15:10 GMT January 12, 2005 Reply   
EUR/USD : Current Comment.  Register with Jay at [email protected] if you have no access to my page.

Dallas GEP 15:10 GMT January 12, 2005 Reply   
OK well that swiss long stopped at -20.

Halifax CB 15:08 GMT January 12, 2005 Reply   
Well, I hope everyone was on the right side of that spike. Someone here, and I can't remember who - saved my bacon. A month or two ago, when the euro was rising, it took a sharp drop & went flat; some one pointed out that when pairs do this, it's usually because there is little or no interest in continuation, and there's a big risk of a strong counter move.

That lack of interest crossed my mind just as I was shorting the 2 hours befor e the release; those did ok, but caution prevailed & I was mercifully clear when the news came through. So bless you, who ever it was that imparted that wisdom.

But the kicker is that my own charts were telling me to go long (or at least stand clear, after all, I don't trust the algorithms yet). This < href="http://www.gammarat.com/Forex/4WeekRule/EURUSD_previous.jpg">chart was done earlier this morning using data up to around 0300 GMT. Note the spike predicted right about 13:00GMT (the last leg time - 16:55 + 20 hrs ). Even more interesting is that the closeness of the spike to true time tends to indicate that point and figure oscillations prior to a release are consistent in time. Curious.

This next < href="http://www.gammarat.com/Forex/4WeekRule/EURUSD_current.jpg">chart is the forward prediction from a little after the spike. We are looking for upper bounds in the 1.327 region (plus a little). Up here we'll wait for topping action, and a significant drop sometime tomorrow.

At least for now, all may change in a few minutes....

Anyway, all this is alsol pretty consistent with the four week rule as well. The median delay in the EURUSD between the point starting the 4 week down rule (like last friday's close) and the largest peak before the lowest follow on point, is 6.75 calendar days; and the median bounce from the close is 132 points.
GL/GT

HK [email protected] 15:07 GMT January 12, 2005 Reply   
Livingston nh 15:02 GMT January 12, 2005

Many of them many billions of bankruptcies, are for sale!!!

That is a point you made.

Limassol Bobby 15:07 GMT January 12, 2005 Reply   
Hehehehe.....nice 2b back :) What a world, last time we've been in touch, u've been in some god forgoten place and now u're in EU :):) DUH, we live in a same country.......once again:) Congratulations buddy. Ciao

Bris TW 15:07 GMT January 12, 2005 Reply   
As mentiond a little earlier Cable over 1.8889 and its off on another big bull run

FRA Alpha Tango 15:06 GMT January 12, 2005 Reply   
Ready to short usd/chf at 1.1675 for 1.1635 ( dayly 50 ema) , of long straight away if direct approach then full power to take off.

Bris TW 15:05 GMT January 12, 2005 Reply   
Melbourne 14:59 GMT January 12, 2005

LOL..One good thing about Sydney is that it separates Brisbane from Melbourne heh.

Back to trading..Cable and Euro should just continue to climb without much retracement. As Zorro mentiond theres a good chance euro wont be below 1.30 all this year.

Look at some long term 3+year charts and draw some voodoo line channels and fib points and you will see.

Ljubljana 15:04 GMT January 12, 2005 Reply   
Hello Bobby! Nice to see you back on this fine forum. Hope to see more of your trading ideas in the future.

Limassol Bobby 15:03 GMT January 12, 2005 Reply   
OK Martin.......here comes the stop......only reason why I jumped on U is that people here are taking seriously what's written, and althought I doubt that any1 would really trade any advice, it is fair to give a whole view ...Ciao

Livingston nh 15:02 GMT January 12, 2005 Reply   
HK [email protected] 14:53 GMT January 12, 2005 -- I believe China to its credit runs a trade deficit with the world ex-US

Gen dk 15:01 GMT January 12, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Limassol Bobby 15:01 GMT January 12, 2005 Reply   
HK - I said DIPS, I said CASH and I said TIME........nice formula.......have a nice day (becoming more polite, ha :)
Ciao

gold coast martin 15:00 GMT January 12, 2005 Reply   
Limassol Bobby 14:57 GMT January 12, 2005
I am not in that camp....in this instance 13285 is the line in the sand.....

Melbourne 14:59 GMT January 12, 2005 Reply   
Bris TW 14:53 GMT

LOL ... NOT !!

HK [email protected] 14:59 GMT January 12, 2005 Reply   
Just a look on the ROC(7) for daily Can and looks like subject for Div. what a temptation.

Bris TW 14:59 GMT January 12, 2005 Reply   
Bloomberg reporter to snow: The dollar has dropped 25% since you took office why?

Snow: dribble dribble we are working on the current account and bringing it down. We still have a strong dollar policy.

What is this guy on??

FRA Alpha Tango 14:59 GMT January 12, 2005 Reply   
Lima Bravo Foxtrott Tango! Usd/chf is approaching the 50 day ema. Could be a nice and juicy trade to rent a Larjet...

gold coast martin 14:57 GMT January 12, 2005 Reply   
Zaporozhye, UA Nemo 14:54 GMT January 12, 2005
I have stops at 10181 and 10208 respectively...g/t

Limassol Bobby 14:57 GMT January 12, 2005 Reply   
Whatever mate....just a legitimate question.......but have u ever heard of : " If in trouble, than you double " mantra....used by most prominent players ............like Irish folks bank , London granpa - Singapoure department Toy store...few smaller Q funds......name it mate......they've all been there, done that........Ciao

Dallas Mauricio 14:57 GMT January 12, 2005 Reply   
Thanks Mate for the headsup on that. Texans & people from the South of the USA go out of their way to be polite.

Bris TW 14:53 GMT January 12, 2005
Dallas Mauricio 14:48 GMT January 12, 2005

Thats a Sydneysider for ya Mauricio. They cannt help themselves from being a bit "westy".

On the otherhand Aussies from Brisbane and Gold Coast act a little more refined ;)

Zaporozhye, UA Nemo 14:54 GMT January 12, 2005 Reply   
Gold Coast Still keep JPY long, sir? Where is UR sl? TIA

San Diego bobl 14:54 GMT January 12, 2005 Reply   
Interesting...I was awarded/honored on stops...best possible result; 50 pip losers better than 100 pip losers...lol.

I still on sidelines however becoming impressed with resilancy of extended trade. Longer we maintain high levels, the more umph possible in days/weeks ahead in direction of spike. Needs more time imho.

Of note for me: 1.3247 hit in eur/usd...held trade above gets me positioning long for longer term trade; at least an hour or two needed

Bris TW 14:53 GMT January 12, 2005 Reply   
Dallas Mauricio 14:48 GMT January 12, 2005

Thats a Sydneysider for ya Mauricio. They cannt help themselves from being a bit "westy".

On the otherhand Aussies from Brisbane and Gold Coast act a little more refined ;)

HK [email protected] 14:53 GMT January 12, 2005 Reply   
Ldn 14:47 GMT January 12, 2005
US Snow: US Trade Gap Reflects Strong Economic Growth

According that kind of philosophy China should have one big Def. like that too.

Eilat Dolphin 14:51 GMT January 12, 2005 Reply   
Ldn/ Wine below the snow.

gold coast martin 14:50 GMT January 12, 2005 Reply   
Limassol Bobby 14:46 GMT January 12, 2005

Mind your risk and dont worry about mine......if you dont mind!!..g/t

Eilat Dolphin 14:50 GMT January 12, 2005 Reply   
Ldn/ The glass was half full, but it was wine below the water...

HK [email protected] 14:50 GMT January 12, 2005 Reply   
If the cad is on the way to challenge the previous near low at 1.1965 is not the Ques. Because it will.

It is that many traders seems thinking to buy usd/cad, as the euro bull may fuss out soon.
A break below 1.1965 may result to a big move after a consolidation period.
Just to bring into account that Cad has still a large appreciation potential.

Dallas Mauricio 14:48 GMT January 12, 2005 Reply   
Sydney gvm: I been trading Forex for over 1 year after trading Futures & Equities for over 10 years. The market is just the market, it is not out to get me. My point is that there is no need to be rude to other members of the board. You could have made your last point without being nasty.

Ldn 14:47 GMT January 12, 2005 Reply   
US Snow: US Trade Gap Reflects Strong Economic Growth

Limassol Bobby 14:46 GMT January 12, 2005 Reply   
Where's your STOP Martin of Gold Coast mate?? You da non-stop guy??
DUH.......

Bris TW 14:44 GMT January 12, 2005 Reply   
GOES B747 14:40 GMT January 12, 2005


Good one mate hehe

Mumbai Jay 14:44 GMT January 12, 2005 Reply   
Shanghai BC 1217 GMT 11/01/05...GR8 view on the number..Obviously, the market was in a rush to think everything was discounted. GL AND GT.

Dallas Mauricio 14:43 GMT January 12, 2005 Reply   
Sounds like you're having a bad day.

sydney gvm 14:27 GMT January 12, 2005
Dallas Mauricio 14:15

kinder and gentler? how long have you been in these markets?

those are 2 words I have never come across in any trading environment... GL - sound slike you'll need it

FRA Alpha Tango 14:43 GMT January 12, 2005 Reply   
when prices stay at high level the way euro is doing, it generally means it will go further up. I go for a long at current price stop .3215 . Target 1.3270. Easy!

gold coast martin 14:43 GMT January 12, 2005 Reply   
FWIW...Adding to gbp [email protected] still 18613....

also...adding euro [email protected] 13080...g/t

Limassol Bobby 14:42 GMT January 12, 2005 Reply   
BTW Gecko, any dip on Looney should be picked up (for cash trading-only :) and left aside like good old vine...well not exactly that long...maybe for a year or so :)
How do u like 1.35-1.40 idea??
Ciao

Livingston nh 14:41 GMT January 12, 2005 Reply   
1.5 bio of the US trade deficit increase was from an apparent boycott by the EVIL canadians - the surge in petroleum products may have been a residue of the Gulf Port shutdowns (Oct may not have picked up all the reopenings) - some slippage with exports to Japan //both imports and exports with France and Germany declined

GOES B747 14:40 GMT January 12, 2005 Reply   
Bris TW 14:35 GMT // exactly, the camp of USA and Asia left Europe look like E.T. (no one around and only one finger; cannot even play with him self (maybe jumping on the grass will help)) ... E.T. is cute, but very sad ... heard that USA and Asia working on another marshal plan for Europe (joke!!!) :)


gt

London. 14:40 GMT January 12, 2005 Reply   
The trade data and the drop in capital goods exports suggests trouble. "While we caution against reading much into monthly data, this large drop could indicate that foreign economic growth, which the FOMC described as 'sub-par,' may be slowing more abruptly than previously thought
Nomura Securities economists

B.A. BOCA 14:38 GMT January 12, 2005 Reply   
treasuries hold the key for the buck today..

Bris TW 14:35 GMT January 12, 2005 Reply   
GOES B747 14:33 GMT January 12

Yes a great job for America and a true patriot indeed. The US dollar is another story :)

London. 14:34 GMT January 12, 2005 Reply   
Bris TW he will have one eye in the pot and the other on the Dow if he knows whats good for him

GOES B747 14:33 GMT January 12, 2005 Reply   
Bris TW 14:32 GMT // come on, he does GREAT job for America.


gt

Syd 14:32 GMT January 12, 2005 Reply   
van Gecko yes the bait is too tempting to pass up Good Luck and thanks for keeping us focused

Bris TW 14:32 GMT January 12, 2005 Reply   
Snowdrop will do nothing but deliver the same old "strong dollar policy" dribble which will in truth means sell it because the fed will NEVER intervene.

Limassol Bobby 14:31 GMT January 12, 2005 Reply   
Hey my frozen Lizard buddy :) Looks like we're on the same side of coin - once again :) Good 2 see U well and kicking ...
We should stir some soup here :)
Ciao

London. 14:30 GMT January 12, 2005 Reply   
Japanese Finance Minister Sadakazu Tanigaki said Wednesday that the government should closely monitor the exchange rate movement of the yen against the U.S. dollar, which has been falling against the Japanese currency for more than three months
rts

Dont be surprised Snowdrop doesnt try to talk up the dollar

slovakia paoli 14:29 GMT January 12, 2005 Reply   
kind of quiet there, or did my platform just freeze?

Atl TJ 14:29 GMT January 12, 2005 Reply   
FWIW I think today will be like most days with a Report Spike. Prices will spend the day consolidating around the extreme point of the spike. Trades will be limited to some quick in a and outs with no major moves. In 12 to 18 hours we will see some confirmation or rejection of these moves.

I hope Issing is enjoying this ROTFLMAO

GOES B747 14:27 GMT January 12, 2005 Reply   
shanghai bc 14:16 GMT // Sir, the whole story in a sentence. and that Issing feels his bet on E-Europe collapsing.


sydney gvm 14:27 GMT January 12, 2005 Reply   
Dallas Mauricio 14:15

kinder and gentler? how long have you been in these markets?

those are 2 words I have never come across in any trading environment... GL - sound slike you'll need it

Eilat Dolphin 14:27 GMT January 12, 2005 Reply   
Sexydane reports euro banks buying euroyen, which could explain the last twenty minutes $yen comebabk not affecting the euro resilience now over.

van Gecko 14:26 GMT January 12, 2005 Reply   

"08:08 GMT January 6, 2005
Euro had kissed good bye to 1.36 (yes, good bye.. not good buy)..
last year's Q4 'Dollar Bear Brigade' had turned into Q1 'Dollar Bull Brigade'.. these elephants now has 1.3000/2950 in sight with a 1.25/20 m/t target..
Cheerios..
"

market adding some top feeding liquidity before taking out 1.29..
hello mr. Limassol.. good to see you again..


gold coast martin 14:26 GMT January 12, 2005 Reply   
Jhb cd 14:16 GMT January 12, 2005

As i havent a long term view yet for this year....euro needs breach the 13660 barrier again from here with only shallow retracemets in between,,,thats from a technical point of view,,,fundamentally ,euro exports and growth figures need to be consistently better while the US deficit gets worse despite improving economic data.... should such a pattern emrge over the next 2 months then i will be a euro lover for at least the 1st and part of the 2nd quarters of this year..of course the overriding factoe in this scenario that will become more noticeable will be the interest rate differentials between EZ AND THE US.......g/t

Dallas Mauricio 14:24 GMT January 12, 2005 Reply   
For the cable crowd: UK Leading Indicators Index out @ 15:30 GMT.

San Diego bobl 14:23 GMT January 12, 2005 Reply   
gold coast martin...
Definitely agree on limited exposure into big numbers. I NEVER use margin and didn't have normal size. Currently, I don't have a real clue as to the real intention of the market. This means no core positions at the moment. Once market tips it's hand, then I will trade size into core positions.

Also agree that we may learn a lot from the trade in the next few hours. If we do return to previous levels, then I believe that will be a strong indication of what commercial interests are doing.

I appreciate all the data you post on money flows...thank you.

Chicago YM 14:22 GMT January 12, 2005 Reply   
Aus$ almost ripe for a short

TelAviv DOR 14:22 GMT January 12, 2005 Reply   
Hi , bc ,
Your opinion about USA trade balance from the trade surplus of China was perfect . TU

paramus,nj jf 14:21 GMT January 12, 2005 Reply   
boca raton maybe time to give up this year and concentrate on more meaningful rewards - think people can tell the positive and negatives of posting and posters

SAIHAT No_one_will_escape 14:20 GMT January 12, 2005 Reply   
SAIHAT No_one_will_escape 11:48 GMT January 10, 2005
still valid

SAIHAT No_one_will_escape 08:17 GMT January 10, 2005
SAIHAT No_one_will_escape 05:12 GMT January 8, 2005
EUR

BUY AT MARKET 1.3050

STOP 60 PIPS

TARGET 1.3220-1.3270

MAY WORK MAY NOT


***** 1.3220 is seen

Bris TW 14:20 GMT January 12, 2005 Reply   
Hong Kong Qindex 14:14 GMT January 12

I agree although your dailies still worked at the start of euro trend when crossing parity and cable was at 1.55 in late 2002.

GOES B747 14:19 GMT January 12, 2005 Reply   
EUR/USD:
(1) will short at today's NY close +15-25pips for 150-200pips until Friday.

(2) placed EUR long order @ 1.3195/.3205 will go there soon; for few hours trade connected to (1)

(3) yeah...I love Issing to make money, I do not like him for insulting Asians

gt all

Limassol Bobby 14:18 GMT January 12, 2005 Reply   
Hello surfers..EURUSD should be in final stage of Up-trend...
Right now, supports R at 1.3170....1.3135 and last but not least - 1.3090.
Resistances at 1.3320,1.3370 and whole zone in area of 1.3450-1.35.
If these resistances show 2tough 2 brake, Top will be in place and EURUSD can show us some down side in next year and half.

If not........well helll....U know good ole Up&Up :)

Ciao

gold coast martin 14:18 GMT January 12, 2005 Reply   
FWIW...Resistance levels of 10181,10193,10204...and building... suggest yen may be on a 10285 course....g/t

Hong Kong Qindex 14:17 GMT January 12, 2005 Reply   
EU ZORRO 14:16 GMT - It is a 6 million dollars question ........... Cheers!

Chicago YM 14:17 GMT January 12, 2005 Reply   
good morning traders.

San Diego bobl 14:17 GMT January 12, 2005 Reply   
Dallas...
actually, for me, they did stand behind their advertising for a long time. Only with the massive growth of retail traders have they "removed" their garantees during fast markets. They tell me it is due to mini-accounts and the need to match trades with larger accounts using full size positions. Problem is, full size accounts (10 mini = 1 normal) now not garanteed.

Anyway, it is what it is, however I am going considering moving to another platform.

Boca Raton 14:16 GMT January 12, 2005 Reply   
Dallas GEP, How about the USD/JPY longs at 103.30 you posted?

toronto js 14:16 GMT January 12, 2005 Reply   
any signals for today?

Jhb cd 14:16 GMT January 12, 2005 Reply   
Martin, seems you really have a very solid belief in a dollar strength scenario. What however do you consider the opposite side of the coin both technically and in terms of news and fundamentals?

EU ZORRO 14:16 GMT January 12, 2005 Reply   

...did we saw the year low in EURO around 1,30...???

Dallas Mauricio 14:15 GMT January 12, 2005 Reply   
There is a "kinder & gentler" way of expressing your thoughts Sydney gvm.

Sydney gvm 14:13 GMT January 12, 2005
It's called a 'fast market' in futures and the brokers have 2 minute windows to make the fill - if you havent heard of slippage you shouldnt be trading

Hong Kong Qindex 14:14 GMT January 12, 2005 Reply   
Bris TW 14:09 GMT - I will run the daily from time to time. It is because the daily cycle could be very misleading in a very strong trending market. Basically the market is best described with Monthly and Quarterly Cycle for the time being.

slovakia paoli 14:14 GMT January 12, 2005 Reply   
Did exactly the same london

Livingston nh 14:14 GMT January 12, 2005 Reply   
Dolphin - maybe you could consume a couple bio$ of the Valley's best ?? // we'll see this afternoon how well our biggest export is received

Sydney gvm 14:13 GMT January 12, 2005 Reply   
It's called a 'fast market' in futures and the brokers have 2 minute windows to make the fill - if you havent heard of slippage you shouldnt be trading

London Iain 14:12 GMT January 12, 2005 Reply   
agreed martin. I sold at 1.3225. stop at 1.3255 for a move all the way back down. price action alone suggests market is really struggling to convince anyone that we're on our way back up.

gold coast martin 14:11 GMT January 12, 2005 Reply   
San Diego bobl 14:01 GMT January 12, 2005
..It pays to have limited exposure when playing data.....somehow this action does not seem to me to have a strong upward bias...non-defining nature with the final result been consolidation back to pre-data levels...time will tell...g/t

San Diego bobl 14:10 GMT January 12, 2005 Reply   
Here is the post Monday...and current thoughts fwiw;

San Diego bobl 14:08 GMT January 10, 2005
FWIW...here are some levels that I consider important for the week;

eur/usd...1.3247
usd/jpy...104.0867
gbp/usd...1.8903

These numbers are mathmatically based and represent longer term "change" points. Often these levels attrack the trade within the week. I am watching the next hour closes to take positions for day. Obviously, markets very mixed today which characterizes a trade potentially in transition.

The usd/jpy number was hit and taken out on the 11th, and the euro and gbp attacked these levels and came close on this spike. Depending on action in next couple hours, I will either sell euro and gbp into these levels, or if we get some hourly closes above them, then I will buy for longer term trade. For me, it all depends on how the trade matures from here over the next few hours.

Hong Kong Qindex 14:10 GMT January 12, 2005 Reply   
GBP/JPY : The mid-point reference of 191.04 - 195.78 is 193.41.

Dallas Mauricio 14:09 GMT January 12, 2005 Reply   
Sorry to hear about this, but this is old news by now. There is no such thing as "guaranteed fills" during major economic reports anymore as the brokers turn off the automatic fills of orders & manually make the entries so they don't lose money. We no longer have a level playing field.

San Diego bobl 14:01 GMT January 12, 2005
OK...ouch on the numbers; had euro and gbp short and had stops in right on number and was not elected on about half my trades. Been on phone audit personal. Don't know global-view policy on platform discussions, so will not offer information here unless I get OK from Jay. Point is however, the platform I have been using has "garanteed" fills, and this is about the third or fourth time I had had to arbitrate fills with them. Getting old.

I am not inclined to chase spikes nor fade them for trading sake. Also, my system numbers posted Monday as attraction levels challenged on these spikes, so system goes neutral and waits for time sequence closes above or below these numbers.
We'll see...and then I will position accordingly.

Bris TW 14:09 GMT January 12, 2005 Reply   
Hong Kong Qindex

Will you return to placing daily levels on your page like you did a couple of years ago?

Eilat Dolphin 14:07 GMT January 12, 2005 Reply   
nh/ I don't see why a lower $ won't boost exports etc. All things very fx unequall, I's rather drink California's wines than French ones etc.

Alicante RTN 14:07 GMT January 12, 2005 Reply   
Major resistance at 50/80 being tested in eurusd. If this level can be broken and eurusd close above 1.3280, it looks like we may be on the way to test 1.36 levels again.

However, if - even with the for the usd very poor trade balance numbers - we fail to regain 1.3250 as a minimum, it may mean that the bounce back after last weeks massive slide is over and eurusd is heading for 1.29.

Interesting times.

p.s. large one way moves like last weeks for the usd ALLWAYS have a followthrough after a period of retracement/consolidation

Hong Kong Qindex 14:06 GMT January 12, 2005 Reply   
Hong Kong Qindex 06:41 GMT January 12, 2005
GBP/JPY : The current expected trading range from my quarterly cycle is 191.04 - 195.78. The key quantized level is positioning at 176.82. Speculative selling pressure will increase if the market is trading below 186.30.


... 157.86* - 162.60 - 167.34 - 172.08 // {176.82}* - 181.56 - 186.30 - 191.04 - 195.78* - 200.52 - 205.26 // 210.00 - 214.74* ...

gold coast martin 14:05 GMT January 12, 2005 Reply   
orlando jcr 13:57 GMT January 12, 2005
All i can ascertain fow now is lot of resistance for /usd/yen at 10181 level....

Dallas GEP 14:03 GMT January 12, 2005 Reply   
usd/chf long at market 20 pip stop

San Diego bobl 14:01 GMT January 12, 2005 Reply   
OK...ouch on the numbers; had euro and gbp short and had stops in right on number and was not elected on about half my trades. Been on phone audit personal. Don't know global-view policy on platform discussions, so will not offer information here unless I get OK from Jay. Point is however, the platform I have been using has "garanteed" fills, and this is about the third or fourth time I had had to arbitrate fills with them. Getting old.

I am not inclined to chase spikes nor fade them for trading sake. Also, my system numbers posted Monday as attraction levels challenged on these spikes, so system goes neutral and waits for time sequence closes above or below these numbers.
We'll see...and then I will position accordingly.

Bris TW 14:00 GMT January 12, 2005 Reply   
Some targets for this year.

Above 1.8889 will target 1.9635 5 month time frame. Raise stop every 150pips. Once 1.9635 is taken target 2.0190 where very large reversal of 35 big figures "could" be seen.

Hong Kong Qindex 14:00 GMT January 12, 2005 Reply   
Hong Kong Qindex 06:41 GMT January 12, 2005
GBP/JPY : The current expected trading range from my quarterly cycle is 191.04 - 195.78. The key quantized level is positioning at 176.82. Speculative selling pressure will increase if the market is trading below 186.30.


... 157.86* - 162.60 - 167.34 - 172.08 // {176.82}* - 181.56 - 186.30 - 195.78* - 200.52 - 205.26 // 210.00 - 214.74* ...

Livingston nh 14:00 GMT January 12, 2005 Reply   
Strange Trade figure - non petroleum imports fell but despite a reported price drop in petroleum prices the total was up $2bio // and the big decline in exports should convince the pointy heads who still believe in a weaker USD as a "cure" for the deficit that maybe they should reconsider their J-curve

Hong Kong Qindex 13:58 GMT January 12, 2005 Reply   
Hong Kong Qindex 13:58 GMT January 12, 2005
USD/JPY : The market is negative as it is trading below 102.53.


Hong Kong Qindex 03:21 GMT January 11, 2005
USD/JPY : My projected profiles indicate that the market is trapped in the range of 102.53 (monthly) and 105.22 (3-month) for the time being. The mid-point reference of 102.53 - 105.22 is 103.88.

azarento com 13:57 GMT January 12, 2005 Reply   
dear Jay Meisler (about your mail)
"Is axarento a location? If not, please use one and also we would
appreciate you removing the .com from your location. We do not permit
this and it looks like a promoriton of a website."

first: ist not axarento
second: its a small city
third: there is not ".com" only "com"
fourth: my forum is private and not public!
Thanks!

orlando jcr 13:57 GMT January 12, 2005 Reply   
martin,

do you have update on support/resistance on E$ & $Y...??

london cam 13:57 GMT January 12, 2005 Reply   
interesting to see EURJPY has remained in a coma unaffected by the data and the 100pip move in EURUSD. delayed reaction or maybe a precursor to a further drop in EURO

Hong Kong Qindex 13:56 GMT January 12, 2005 Reply   
Hong Kong Qindex 13:55 GMT January 12, 2005
USD/JPY : The market has a potential to tackle the recent low at 101.83.


gold coast martin 13:54 GMT January 12, 2005 Reply   
It seems to me as if the current market action is just offering euro sellers better levels from which to sell from....same as in the aud....not defining or confirming a trend....

Hong Kong Qindex 13:53 GMT January 12, 2005 Reply   
Hong Kong Qindex 10:49 GMT January 9, 2005
EUR/USD (Weekly Cycle) : The key quantized level of my weekly cycle is located at 1.3188. The neutral zone is 1.2944 - 1.3188 and the mid-point reference is 1.3066. ......................................(Suggestion : Assume a range trading until the market is trading outside the neutral zone. Maintain a long position when the market is trading above 1.3188)...................................................

slv sam 13:53 GMT January 12, 2005 Reply   
The question now is if we are going to go straight to 1.38xx within Jan or just to 1.35 and then bigger correction.
In both cases we see 1.35 of course! so buying euro now at 1.3220 is still good trade!

Miami OMIL (/;-> 13:50 GMT January 12, 2005 Reply   
Now a test of the main resistance (3250-80) is in the cards for the eur/usd pair. I am a buyer above that level. Closed aud/usd positions. Nasty numbers I can see how the market can focus on this and drive the eur/usd pair up to the 1.40 before another correction takes place. We shall see one resistance at a time IMHO. Peace and GT

Syd 13:48 GMT January 12, 2005 Reply   
AUD/USD: Ignoring Good News, Carry Traders falling Out Of Favor
IFR

Dallas Mauricio 13:46 GMT January 12, 2005 Reply   
Great call again Amman wfakhoury ! Keep posting as you have a great record so far.

Amman wfakhoury 05:39 GMT January 12, 2005
Hi traders ,

My signals for today :

EUR/USD Sell below 1.3100 Buy above 1.3125
GBP/USD Buy above 1.8790 Sell below 1.8760

G O O D L U C K

gold coast martin 13:45 GMT January 12, 2005 Reply   
OUT OF EURO shorts..will reload later....g/t

Eilat Dolphin 13:43 GMT January 12, 2005 Reply   
Cad the first to resume triumph march in dangerous hyperspace zone.

Bris TW 13:43 GMT January 12, 2005 Reply   
Everyone having a good start to the year?

1.8800-1.8820 should base for a while with my favorite cable

Auckland peat 13:42 GMT January 12, 2005 Reply   
the forum dealt with my profanity well !
my inexperience shows , US trade data released caused a large jump in Eur .... i c now

gold coast martin 13:42 GMT January 12, 2005 Reply   
ADD....AUD SHORTS @7641...G/T....

Eilat Dolphin 13:42 GMT January 12, 2005 Reply   
Now we'll see how many people want/need to unload euros...

gold coast martin 13:41 GMT January 12, 2005 Reply   
ADD YEN LONG AT 10251....g/t

gold coast martin 13:41 GMT January 12, 2005 Reply   
EURO SELL ORDERS AT 13215 AND 13220 TRIGGERED....will keep you posted....

gold coast martin 13:40 GMT January 12, 2005 Reply   
Eilat Dolphin 13:19 GMT January 12, 2005
fwiw.....despite the bad data i.and stops get taken out dont know if the figure will give impetue to the euro to breach 13280 resistance to confirm a new trading...more like a a spike .,,,consolidation around 13180 and back to where we were before the data....13120-13080..imho....
short euro @13225....g/t...

Boca Raton 13:39 GMT January 12, 2005 Reply   
Dallas GEP 07:34 GMT January 12, 2005
Longed usd/jpy at 103.30

Where from here?

New York 13:38 GMT January 12, 2005 Reply   
Gen dk= Jay Meisler= Spam

Ldn 13:38 GMT January 12, 2005 Reply   
Fed's Minehan: Fed Needs To Raise Rates More

Bahrain Within 10 pips 13:37 GMT January 12, 2005 Reply   
The Chart didn't do as bad as I thought..
11:00 AM Today NY

Gen dk 13:35 GMT January 12, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

prague viktor 13:34 GMT January 12, 2005 Reply   
GOES B747 13:26 GMT January 12, 2005. G.day.great 5 steps it seems the 1 one is intact G/T

Eilat Dolphin 13:33 GMT January 12, 2005 Reply   
While CAD is +7B and flying wild.

GOES B747 13:33 GMT January 12, 2005 Reply   
OK ... good time to take EUR/JPY longs for 2-3 weeks; will go back towards double-top creation @ 142/- and then ... 124/-

EUR/USD: nothing to add to previous posts.

gt all

TelAviv DOR 13:32 GMT January 12, 2005 Reply   
-60.3

slv sam 13:32 GMT January 12, 2005 Reply   
slv sam 12:03 GMT January 12, 2005
it is more probable imo to see 1.3450 before 1.30...so buying euro now at 1.3125 can yeild good profit till Friday!!GT

I hope I was useful to some traders!
It is not too late to buy the euro for 1.34-1.35 soon!GT

amman R.G 13:32 GMT January 12, 2005 Reply   
GBP/USD ... seems going to my target

Milan 13:32 GMT January 12, 2005 Reply   
60.3

B.A. BOCA 13:32 GMT January 12, 2005 Reply   
or not..

Auckland peat 13:32 GMT January 12, 2005 Reply   
wot the censored happend there!?
a 30 pip break inbetween trades????

Tulsa 13:32 GMT January 12, 2005 Reply   
what happened now to eur/usd??

GENEVA FHR 13:30 GMT January 12, 2005 Reply   
60.3bn

Philadelphia Caba 13:30 GMT January 12, 2005 Reply   
60.3

Eilat Dolphin 13:30 GMT January 12, 2005 Reply   
60 some!

Gen dk 13:27 GMT January 12, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Eilat Dolphin 13:26 GMT January 12, 2005 Reply   
como/ I have read monday early, by some Big Bank that their euro covering fell by an average of +- fifteen % since the top friday of last year to 42%; the paper did not mention if it was only their book or all...

GOES B747 13:26 GMT January 12, 2005 Reply   
five important moves for the next 18 months:
#1: 1.3000-1.3850 until MAR/05
#2: 1.3550-1.3850 towards 1.23-1.26 until SEP/05
#3: 1.23-1.26 towards 1.43-1.46 until FEB/2006
#4: 1.2500-1.3850 range until JUN-2006
#5: move towards 0.7750 before 2010 starting 2nd half 2006

FED rates will hit at least 9% until 2008/09 ...
many thanks in advance for your comments/feedback.

gold coast martin 13:25 GMT January 12, 2005 Reply   
Eilat Dolphin 13:19 GMT January 12, 2005

Wise meaning in your cryptic message......may the hand of the forex goddess guide you.......g/t

B.A. BOCA 13:25 GMT January 12, 2005 Reply   
would be nice to see a reading of $48b or so..

Eilat Dolphin 13:24 GMT January 12, 2005 Reply   
como/ I h

gold coast martin 13:23 GMT January 12, 2005 Reply   
NJ RT 13:15 GMT January 12, 2005
Shorts of 13118 to 13135 still have the old stops at 13179.....shorts over 13140 to 13158 have stops at 13231....admitedly i have closed some euro shorts today at 13080-90 levels (from 13124-39) in order to take some profit and reduce exposure...in this choppy market cannot afford to have too much exposure going one way,,,,,did the same with some aud shorts..(closed at 7563 from 7631,7628)...also repeated the same with kiwi....a little profit taking is good for the soul ..sometimes!!!!...g/t

Eilat Dolphin 13:22 GMT January 12, 2005 Reply   
B747/ Please remind those Five steps if/when time allowes. May Allah wisely guide your triggering finger!

Eilat Dolphin 13:20 GMT January 12, 2005 Reply   
B747/ Was typing me next patent all f....n morning. No seas. May be some fx waves to ride soon ?

Eilat Dolphin 13:19 GMT January 12, 2005 Reply   
martin/ Hi! He who Controls Both Balances of Fate Knows the Exact Weight of the Universe, and its Fleeting Equilibrium!

The Tool of Almighty Archimedes in Thy Hand, my friend...

GOES B747 13:17 GMT January 12, 2005 Reply   
Dolphin, feel sorry for you that you are busy with 4H and not with DDD :)

Issing made EUR to fly; I am sure then ever about the five price steps posted some days ago.

Hammon Parnassa
gt

perrie como 13:17 GMT January 12, 2005 Reply   
The Big Truth is simple

all those full of euros long term have unprecedently huge amounts of orders if the markets manages to stay for couple of days somewhere 1.30 1.29

if this the case the selling will be so strong many will risk bankruptcy

g/l

San Diego bobl 13:16 GMT January 12, 2005 Reply   
sold gbp/usd 1.8775...
sold eur/usd 1.3143...

NJ RT 13:15 GMT January 12, 2005 Reply   
gold coast martin 13:06 GMT January 12, 2005 :

MArtin thank you, where is your s/l on eurusd and the target?

Eilat Dolphin 13:14 GMT January 12, 2005 Reply   
B747/ Txs. Now, if the trade figure is tame, -53B like, neutral number sort of, the 4H suggest that the E is on an up course.
But thats the only reading I have.

gold coast martin 13:11 GMT January 12, 2005 Reply   
FWIW...euro sell orders at 13168,13189....euro buy orders at 13075,13042.13008....however the sell orders outweigh buy orders in size of quantity.....g/t

GOES B747 13:11 GMT January 12, 2005 Reply   
the insult of Issing will cost EZ EUR 100's of billions ... some Europeans still beleive that Asia waits for them with red carpets and Asians are fearful from sinking continent with flying currency.

gt

GOES B747 13:06 GMT January 12, 2005 Reply   
Dolphin, great call about the 1.3130 ... do not see you around today, are you on DDD mission?

gt

gold coast martin 13:06 GMT January 12, 2005 Reply   
NJ RT 12:36 GMT January 12, 2005
..fwiw...added more euro [email protected] Levels......
NJ RT..I dont have a view on USD/CHF....right now....

Tallinn viies 13:06 GMT January 12, 2005 Reply   
at 1,3149 sold euros back...
will cover half near 1,3085/95 area

GOES B747 13:05 GMT January 12, 2005 Reply   
tulsa // 1.3130 is the price on 13:30 GMT; planning to long @ 13:27-13:29 (fast 35pips) and will go ahead around 14:20 GMT after the chaotic price action of the data.

gt

perrie como 13:04 GMT January 12, 2005 Reply   
Far Eastern Squeezers noted on the move up on Eur/Usd and Gbp/Usd in a thin pre-data market.

Do not understand their sense of market, however I wish them another 1998 style crash, since crazyness has It's limits, as the move does not make sense under baskets p-folio managment (due small volumes) if they need em - and does not make any sense technically.

The only truth is they are so scared not to have dollars anymore so to avoid dollarization most probably since their debts are Us dollars donominated for 70 pct at least, that you'll see the USD to get so much strenght in coming months squeezing all those smaller asean central banks just once again the more.

if they then just speculating on a higher deficit in US, might well turn out an surprise, since the american consumer is tired of buying overseas products while loosing jobs at home.

However
12Jan 13:30 USD Interntnl Trade$bln Nov -53.0
12Jan 13:30 USD Interntnl Trade$bln Nov -53.0

Auckland 13:02 GMT January 12, 2005 Reply   
...Pacific, thanks

Gen dk 13:02 GMT January 12, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Auckland 13:01 GMT January 12, 2005 Reply   
gold coast martin what is your view on...

Tulsa 12:57 GMT January 12, 2005 Reply   
Goes...

are you LONG Eur/$$?? Target??

Thanks

GOES B747 12:55 GMT January 12, 2005 Reply   
classic important data day, lower lows with higher highs ... but very clear direction for EUR/USD

gt all

lodz andy 12:50 GMT January 12, 2005 Reply   
warsaw mach: seems many looking for a dip towards 1,29xx.....day trading going great so far

Hong Kong Qindex 12:49 GMT January 12, 2005 Reply   
EUR/JPY : Current Comment.  Register with Jay at [email protected] if you have no access to my page.

warsaw mach 12:47 GMT January 12, 2005 Reply   
nothing new, at home watching the market. Looking for some break lower on E/$

Cairo Amgad 12:44 GMT January 12, 2005 Reply   
Hello friends;

I still do not see a market trend for bull or bear to talk about.

I will consider Long (buy) EUR/USD if market close (not trade) above 1.3154 (5-Period EMA For High on daily chart)

I favor short EUR/USD below 1.3104 Target 1.2938. Keep your stop loss tight (20pips)

Trade safe, Trade well

amman R.G 12:43 GMT January 12, 2005 Reply   
GBP/USD ... seems heading to 1.8871 then 1.8911/30 ..... waiting for U.S.A trade balance

lodz andy 12:42 GMT January 12, 2005 Reply   
hi mach how's it goin'?

Eilat Dolphin 12:41 GMT January 12, 2005 Reply   
HI ALL! The trade balance is expected at - 54 Bs, while my Cristall balls ring - 50 or so.

Been regularily wrong, so I am patiently reading and enjoying the 4H landscape that speaks wonders but still grants credit to the euro.

Warsaw mach 12:39 GMT January 12, 2005 Reply   
Andy, are you on-line?

San Diego DC 12:38 GMT January 12, 2005 Reply   
jkt-aye ,

I don't followor trade USD/JPY.

NJ RT 12:36 GMT January 12, 2005 Reply   
Martin, what's your view on usd.chf? thank you

Ldn Cashman 12:34 GMT January 12, 2005 Reply   
It was mentioned yesterday that a Far East name was protecting a 1.3050 -1.3550 DNT option. Maybe that was him.

jkt-aye 12:34 GMT January 12, 2005 Reply   
hi DC, what's your cycle say abt us/jy atm. i tempted to follow martin's move but still wait if 102.70 break. tia & gl

San Diego DC 12:30 GMT January 12, 2005 Reply   
EUR/$,

Buy on dips. Do your own analysis, and you will be on the right side as opposed to following others.

azarento com 12:25 GMT January 12, 2005 Reply   
thanks tallin!
the rumour is false!
thanks anyway

azarento com 12:24 GMT January 12, 2005 Reply   
gold coast martin 12:18 GMT
me too!!!

azarento com 12:23 GMT January 12, 2005 Reply   
me too!!!

Fort Lauderdale cj 12:22 GMT January 12, 2005 Reply   
Miami...i agree

gold coast martin 12:18 GMT January 12, 2005 Reply   
ADDING MORE euro shorts @13139....

Gen dk 12:18 GMT January 12, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

gold coast martin 12:17 GMT January 12, 2005 Reply   
Auckland 10:50 GMT January 12, 2005

Good evening .....fwiw... the kiwi has still more downside to come.....looking at a short target of 6885 with medium target of 6745.... g/t

Tallinn viies 12:17 GMT January 12, 2005 Reply   
azarento com 12:05 GMT - there was a rumour that Asian central bank was buying near the lows (they saw the bids under the market basically)

GOES B747 12:14 GMT January 12, 2005 Reply   
what was the print of ind. EZ output?

tia & gt

gold coast martin 12:13 GMT January 12, 2005 Reply   
fwiw....add yen [email protected],,t/p [email protected];;;g/t

Miami OMIL (/;-> 12:13 GMT January 12, 2005 Reply   
It is a squeeze play in the market as the light stops were taken out for eur/usd at support (3100-10) and the bears had a short lived moment. Now the market is jockeying for position before the US data later today and as I said before the selling of this pair dissipates with every moment passing and the support stays intact IMHO. Peace and GT

azarento com 12:05 GMT January 12, 2005 Reply   
what hapened to eur 1.3134?
thanks

slv sam 12:03 GMT January 12, 2005 Reply   
it is more probable imo to see 1.3450 before 1.30...so buying euro now at 1.3125 can yeild good profit till Friday!!GT

hk r 11:48 GMT January 12, 2005 Reply   
GOES B747 11:32 GMT January 12, 2005 // The forex division still open for the trades.
Mr. VIIES, there is no holidays for hardworking traders.

HK REVDAX 11:39 GMT January 12, 2005 Reply   
Tallinn viies 11:15 //What do you mean? The Chinese take holidays like any non-Chinese while the Chinese fx traders act like Santa Cross.

Gen dk 11:39 GMT January 12, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

GOES B747 11:32 GMT January 12, 2005 Reply   
viies // 9th-11th February 3days all banks will be closed also.

Budapest Daniel 11:30 GMT January 12, 2005 Reply   
Tallin (or other pros) Can you please explain me what effect does an option expiration have on forex?

Tallinn viies 11:23 GMT January 12, 2005 Reply   
MNI: talk of $1.3040 and $1.3000 strike options to expire at the NY cut

fwiw

Tallinn viies 11:15 GMT January 12, 2005 Reply   
guys can you help me pls?

when Chinese start celebrations ? are they also away for a week or so?

GOES B747 11:15 GMT January 12, 2005 Reply   
http://www.mirror.co.uk/news/allnews/tm_objectid=15065671&method=full&siteid=50143&headline=i-ripped-off-ex-s-testicle-name_page.html

also a kind of deficit ...

gt

HK REVDAX 11:04 GMT January 12, 2005 Reply   
Amman wfakhoury 06:44 //You wrote:"My signals for today :
EUR/USD Sell below 1.3100 Buy above 1.3125
G O O D L U C K..."

The market has hit through both ends so it is BAD luck, I suppose. Which way should we go now?

HK REVDAX 10:58 GMT January 12, 2005 Reply   
Indonesia - Solo Raden Mas 09:45//I think Euro/Jy is going up though i have no forecasted magnitude of its target.

Auckland 10:50 GMT January 12, 2005 Reply   
Good morning to: Miami OMIL, orlando jcr, quito_ecuador_valdez

Good day to: London GLB, Bahrain Within 10 pips, lax-lgb SNP, Bcn FXstreet.com, GOES B747, Indonesia - Solo Raden, GER ad, Ldn, Helsinki iw, Tallinn viies, Singapore

Good evening to: gold coast martin, Syd, wellington am

And to all others I didn’t mention (please forgive me) Hello
Finally, after couple of days waiting and waiting we might have good party today…
Be ready and good luck and good trade to all in this forum…

GOES B747 10:45 GMT January 12, 2005 Reply   
Makassar Alimin 14:05 GMT // it went OK ... but there is lot to recover from the, really a lot.

plans/positions/orders, please share ... tia

happy and good trading !!!

Bahrain Within 10 pips 10:40 GMT January 12, 2005 Reply   
This is for more short term trading...
AUDCAD 5 minutes 1.5995 1.5938 Sell
AUDJPY 5 minutes 78.7124 77.7531 Sell
AUDUSD 5 minutes 0.7610 0.7550 Sell
CHFJPY 5 minutes 78.7123 77.7537 Sell
EURAUD 5 minutes 1.7315 1.7208 Buy
EURCAD 5 minutes 1.5995 1.5938 Sell
EURCHF 5 minutes 1.5534 1.5481 Buy
EURGBP 5 minutes 0.6995 0.6967 Sell
EURJPY 5 minutes 135.8738 134.4040 Sell
EURUSD 5 minutes 1.3123 1.3061 Sell
GBPCHF 5 minutes 2.2285 2.2130 Buy
GBPJPY 5 minutes 194.3094 192.7567 Sell
GBPUSD 5 minutes 1.8779 1.8720 Sell
NZDUSD 5 minutes 0.6975 0.6932 Sell
USDCAD 5 minutes 1.2219 1.2171 Buy
USDCHF 5 minutes 1.1888 1.1801 Buy
USDJPY 5 minutes 103.5766 102.8353 Sell

London:
The higher level is the short (Left)..
Buy/Sell...for the direction of the trade
Ie for above USD/JPY 5 Mintes
Sell at 103.57 and get out very fast after that

gold coast martin 10:22 GMT January 12, 2005 Reply   
...FWIW.....WITH THE YEN.....after yesterdays tanking of the eur/jpy pair which caused usd/jpy to drop(due to ISSLINGS COMMENTS),the yen will weaken further further against the usd from current levels 10245 to 10513(as per mondays plan......g/t

gold coast martin 10:19 GMT January 12, 2005 Reply   
1325-35=13025-13035

London GLB 10:18 GMT January 12, 2005 Reply   
Bahrain Within 10 pips 10:09 GMT January 12, 2005
If wanna do fast trades (<3 hours)
AUDCAD 15 minutes 0.9314 0.9200 Sell
- hi, could you explain to me what this means?
sell on rally to .9314? sell on break out of .92?
-tks

gold coast martin 10:16 GMT January 12, 2005 Reply   
Good evening.....euro ,gbp,yen and aud (and kiwi too) are behaving according to mondays plan.....targets still the same....nothing more needs to be said except that in the event of euro reaching 1325-35 before the data....even if data is bad the best scenario for euro would be to retrace to 13125..on the other side if data is positive ,euro will challenge and possibly breach the 12935 level in which case it will bw a defining point for the rest of the month,,,,we will wait and see what happens....g/t

Bahrain Within 10 pips 10:09 GMT January 12, 2005 Reply   
If wanna do fast trades (<3 hours)
AUDCAD 15 minutes 0.9314 0.9200 Sell
AUDJPY 15 minutes 79.2605 78.2788 Sell
AUDUSD 15 minutes 0.7638 0.7566 Buy
CHFJPY 15 minutes 88.3910 87.0433 Sell
EURAUD 15 minutes 1.7284 1.7190 Sell
EURCAD 15 minutes 1.6072 1.5860 Sell
EURCHF 15 minutes 1.5507 1.5452 Buy
EURGBP 15 minutes 0.7003 0.6963 Sell
EURJPY 15 minutes 136.7866 134.9498 Sell
EURUSD 15 minutes 1.3172 1.3050 Sell Buy
GBPCHF 15 minutes 79.2605 78.2788 Sell
GBPJPY 15 minutes 195.6717 193.3366 Sell
GBPUSD 15 minutes 1.8824 1.8714 Buy
NZDUSD 15 minutes 0.6995 0.6925 Sell
USDCAD 15 minutes 1.2260 1.2096 Sell
USDCHF 15 minutes 1.1864 1.1748 Buy
USDJPY 15 minutes 104.3432 102.8970 Sell

lax-lgb SNP 10:07 GMT January 12, 2005 Reply   
more like an economic dump if ya ask me

Bcn FXstreet.com 09:52 GMT January 12, 2005 Reply   
Economic Snapshot

Good morning everyone from FXstreet.com. Crude Oil is currently above $46, testing resistance at current levels. If broken, it could well go to $50 again.The US Dow Jones Index did as expected and corrected to below 10.560, and the indicators’ picture should improve quite substantially to look bright again.

Forex Technicals at a glance

Euro/Usd : At the time of this writing, the pair is trading around the 1.3090 level. Euro has dipped below the 1.31 level again, after hitting a high around 1.3170 yesterday, far from its first fibo correction level around 1.3260 of the current decline. The picture looks sideways for now, with typical up and down moves, close to somewhat key support levels, though. Daily view remains unchanged for the time being –indicators watch-, and I suggest keeping a daily perspective -unless one is a daytrader or aggressive trader, using very specific trading setups-, to remain focused in the current market trend, avoiding the noise this current market environment is generating. Interesting to see that it has its 200-day moving average far from current levels, around 1.25, and should we consider the current uptrend base level around 1.27, we have some ground to go should they act as a magnet. The 20-day moving average is not close to a cross down to the 50-day moving average (which I at least consider a good guideline or warning for the daily view), which could turn the currency into a consistent negative tone.
Indicators watch : Indicators watch-level 1: EUR Negative (december 31, 2004, when it triggered a negative signal for the pair). Indicators watch-level 2: EUR Negative (same date), but mixed, with a divergence between the 2 indicators, alerting of possible oversold rebound condition.

Gbp/Usd : At the time of this writing, the pair is trading around the 1.8705 level, sliding at a much faster than Euro, and loosing around 0.35% at the moment. Yesterday it tried to hold, and it indeed closed above the 1.8750/60 resistance level, but now it is well below it, and should we see one or two closings below this level, this would be a clear warning for the currency. Similar to the Euro, it is far from reaching its first fibo correction level, situated around the 1.90 level, and close to its most recent support area, around 1.8650. Its current uptrend is now almost coinciding with its 200-day moving average, around 1.8335, and it has 2 shorter moving averages, 20 and 50-day, looking poised for a cross down, which could cause further decline, and if that happened, the level to watch would be that one where the longer moving average and the trendline are converging to.
Indicators watch : Indicators watch-level 1: GBP Negative (dec, 21, 2004). Indicators watch-level 2: GBP Negative (late december, 2004), showing oversold status and signs of possible retracement.

Usd/Chf : At the time of this writing, the pair is trading around the 1.1825 level. Yesterday it came close to its first fibo correction level of the current upleg, around 1.1695, but it is currently trading far from i. It has indeed been the pair that has come loser to any of those calculations derived from the current market trend. What I find interesting is that, like in GBP, it has its 200-day moving average close to the current downward trendline, which could be, at the same time, the possible maximum target for the double bottom, should this be confirmed in price action. Furthermore, we have the 20-day moving average about to cross the 50-day one, which could mark the start of a new upmove for the pair.
Indicators watch : Indicators watch-level 1: USD Bullish (december 30, 2004). Indicators watch-level 2: USD bullish (january, 4, 2005), ), but showing divergence between the 2 of them.

Eur/Gbp : At the time of this writing, the pair is trading around the 0.6995 level. It is playing around with its upward channel, and holding above its 50-day moving average though still below the 20-day one. They have both crossed up, so for the time being, buying the EUR against the GBP could yield some, though it would be preferred to have the indicators in its favour.
Indicators watch : Indicators watch-level 1: EUR negative (change january, 10). Indicators Wacth-level 2 : EUR Negative (january, 3).

Indicators watch-Level 1 : Trend indicators Direction.
Indicators watch-Level 2 : Momentum Indicators Direction (working in pairs).

Gen dk 09:51 GMT January 12, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

GOES B747 09:47 GMT January 12, 2005 Reply   
Syd 09:22 GMT // Asia will make Issing to pay for that insult; they will remind him who supported EUR during the 90's
Issing just tries to get discount from the price he must pay

gt

Indonesia - Solo Raden Mas 09:45 GMT January 12, 2005 Reply   
anybody here thinking about 136.34 fro eur/jpy?

Bahrain Within 10 pips 09:39 GMT January 12, 2005 Reply   
The dow's best these days
AA 36.27 30.20 Buy
AXP 60.49 53.67 Buy
SBC 28.10 25.18 Buy
MMM 82.93 73.23 Sell

GER ad 09:36 GMT January 12, 2005 Reply   
GBP/CAD,
Out at 2.2850

Ldn 09:33 GMT January 12, 2005 Reply   
CTA & Middle Eastern Name Selling GBP/USD noted

Helsinki iw 09:30 GMT January 12, 2005 Reply   
Unless the world and it´s cat is already short EUR/JPY from yesterday and the Chinese fail to comply, in which case the next move is "thank you for stopping to shop at the stop-loss shop"

Miami OMIL (/;-> 09:29 GMT January 12, 2005 Reply   
Singapore 09:17 GMT January 12, 2005
It all depends on the price action and closing by the end of the week. We shall see how well the key and main support hold up. So far all I have are sell signals but no conformation from key support (3020-40), which is still holding off the bears for the eur/usd pair. GT

Syd 09:22 GMT January 12, 2005 Reply   
MARKET TALK: Sell EUR/JPY On Issing?
Want to play Issing's complaint that Asians not taking more burden of USD adjustment? Short the EUR/JPY when it gets to 135.60. It recommends targeting August low of 131.63 with stop loss at 137.90. Cross now at 135.42
djs

Singapore 09:17 GMT January 12, 2005 Reply   

Miami OMIL (/;-> 08:58 GMT January 12, 2005 LOL do you still think this $ correction will not lasting much longer ? GT

hong kong nt 08:49 GMT January 12, 2005
where is that EURO triangle? btw you still holding long EURO for 1.40 with a 1.299 JUBB stop?

GER ad 09:13 GMT January 12, 2005 Reply   
As my yesterday remarks: GER ad 12:35 GMT January 11, 2005
Longed GBP/CAD at 2.8792 (S/L moved now at cost)

Syd 09:12 GMT January 12, 2005 Reply   
A weak dollar and the tackling of quality problems will eat into profits at DaimlerChrysler's Mercedes unit this year, Mercedes head Eckhard Cordes told German newspaper
Financial Times Deutschland.

Gen dk 09:04 GMT January 12, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Tallinn viies 09:04 GMT January 12, 2005 Reply   
good morning world!
everything goes by the plan right now. next target today last week low 1,3025/30. reistance at 1,3165/70.
so, sell euro big time in front of morning highs - 1,3125/30.
stop at 1,3184. if taken watch to sell again. as long as 1,3270/75 contains upside euro is under huge selling pressure.
stop all and reverse at 1,3284. but this level of course will not come in to play today. todays action chase for stops under 1,3025. let the game begin.

Miami OMIL (/;-> 09:03 GMT January 12, 2005 Reply   
Indonesia - Solo Raden Mas 08:59 GMT January 12, 2005
Hope you are well. I like your numbers personally waiting for 7520-30 and 7500 area for the aud/usd pair to be tested before any bounce IMHO. GT

london xyz 09:02 GMT January 12, 2005 Reply   
greetings all and belated happy new year

v busy these days so just a quick tip....for med term traders, sell nzd....half posn agst usd, half posn agst aud...good for next 2-3 mths...leave stops above the nzd/usd recent high and below aud/nzd recent low....targets 62c and 1.15


gd luck to all

Syd 09:02 GMT January 12, 2005 Reply   
U.S. Trade Deficit Probably Shrank to $54 Billion in November on Oil Costs
The U.S. trade deficit in November may have narrowed to $54 billion from the previous month's record as a drop in oil prices reduced the value of imports, economists said before a government report today. bloomberg

Miami OMIL (/;-> 08:59 GMT January 12, 2005 Reply   
Looks like (IFR) is pretty popular around here LOL.

Indonesia - Solo Raden Mas 08:59 GMT January 12, 2005 Reply   
eru/usd look for 3065 or 3023 for bottom to go 3106 again
usd/chf look for 1855 or 1894 for top to go 1800 again.
aud look for 7551 to go up again or 7531.thinking about 7649

Miami OMIL (/;-> 08:58 GMT January 12, 2005 Reply   
Singapore 08:44 GMT January 12, 2005
An insignificant smelly fish like me I doubt it mate maybe it was in the horror-scope this month for me LOL. GT

London NR 08:57 GMT January 12, 2005 Reply   
[08:36 GBP/USD: Triggers Stops sub-1.8750 - UK Trade Data In Focus] London,
January 12: Triggered stops sub-1.8750 (yesterday"s low) have helped depress
cable to intra-day lows circa 1.8700, with some players attributing the decline
to fears of a widening of the UK trade deficit in November (a small contraction
to GBP 5.1bn, from GBP 5.3bn in October, is forecast).
Sub-1.8700 support is located at 1.8690 (where bids were previously tipped), and
last Friday"s post-NFP seven-week low of 1.8650 (where South Asian Central Bank
demand was noted). Resistance now runs at 1.8715/20 (Monday"s North American
session floor), with 1.8750 above.
The actual size of the UK"s November trade deficit will be revealed at 09:30GMT.

Miami OMIL (/;-> 08:56 GMT January 12, 2005 Reply   
Island you must think this strange but I am down to one computer and that one is only about 55% healthy. I can’t wait for the weekend to start so I can get on both computers and fix them. Sell signal for eur/usd pair has dissipated but with the break and close of the support I can see the 3020-40 area tested. After that the next support I have for this pair is around 2940-50 and 2900-10 area but I am personally looking for 2990 to print soon if key support (3020-40) is taken out. Peace and GT

eur lg 08:52 GMT January 12, 2005 Reply   
Reuters
EU Barroso- Problem now is euro tends to be too strong rather than too weak.

Like yesterdays Issing comments lets see if the mkt maintains its sensitivity to these type comments. (1.3093 when the comment came out)

hong kong nt 08:49 GMT January 12, 2005 Reply   
EURO -- on daily chart, though 1.365 thereabout being the obvious triangle break-out objective, few technical analysts point out the importance of this level...

st. pete islander 08:45 GMT January 12, 2005 Reply   
Omil .... Strange how that works .... got your chatter. Mutt is working overtime. What do you see below 1.3085? gt

Singapore 08:44 GMT January 12, 2005 Reply   
Miami OMIL what can I say mate, the sharks must be watching you LOL

Miami OMIL (/;-> 08:43 GMT January 12, 2005 Reply   
Triggered stops sub-1.8750 (yesterday"s low) have helped depress cable to intra-day lows circa 1.8700.Sub-1.8700 support is located at 1.8690 (where bids were previously tipped), andlast Friday"s post-NFP seven-week low of 1.8650 (where South Asian Central Bank buying was noted). Resistance now runs at 1.8715/20. (IFR)

Miami OMIL (/;-> 08:41 GMT January 12, 2005 Reply   
Right on time for eur/usd pair to break support as I was talking about this pair not being able to break it LOL. GT

Nairobi TN 08:36 GMT January 12, 2005 Reply   
Hi Traders!
Why the sudden drop in cable?

orlando jcr 08:35 GMT January 12, 2005 Reply   
PS: thanks Martin for the 103.21 tip - that's what I had set in my system as entry point... Also thank GEP, your entry post confirmed my thoughts and made me do a few extra lots.

hong kong nt 08:35 GMT January 12, 2005 Reply   
EUR/JPY -- guess bias remains bearish for a test of 133.50/134.00 area...

orlando jcr 08:31 GMT January 12, 2005 Reply   
I set my trailing stop too soon...

Knocked out at 103.35. I see now that it has more legs.
Again my impatience to take +pip has kept me from possibly making more. I need to get better at exit point strategy. Maybe only set my SL to take part of my lots on the first pass.

Anyway, with a plus night (midway between my low & high targets for the day) I need a few hours of zzzz before an early plane flight.

Good night all... Good trades & good luck

Syd 08:31 GMT January 12, 2005 Reply   
not again, censored

Budapest Daniel 08:31 GMT January 12, 2005 Reply   
that breakout was what I've been waiting for...

Syd 08:31 GMT January 12, 2005 Reply   
EUR/USD - An eerie calm has taken hold of the FX market over the past 48-hours, as most pairs and crosses trade in a tight range. The most liquid pair is no exception, but the EUR did manage to make a modest run at the former support turned resistance (1.3150).

Dallas GEP 08:30 GMT January 12, 2005 Reply   
103.36 I mean UNLESS euro breaks 1.3085/90

Los Angeles ss 08:30 GMT January 12, 2005 Reply   
fxnew -- hope you caught the break down at around 1.8750. As we discussed earlier, breaks beyond the high and low of the late asian session are usually a decent play. Looks like this break may be good for at least 50 pips.

Gothenburg XON 08:29 GMT January 12, 2005 Reply   
Looks like EUR/USD is heading for 1.2900, just broke 5-day triangle support @ 1.3110...

Dallas GEP 08:27 GMT January 12, 2005 Reply   
Well JCR this would be FIRST bounce point DOWN on usd/jpy

beirut jb 08:24 GMT January 12, 2005 Reply   
LA fxnew 07:43 GMT

hi mate,

cable has strong resistance 18825~189 area , to break it he need an upward move from the euro to 13250 at least,

until this resistance break sell side is the play to do , first support 1.86

gbp data in 1 hour may also give us some clue

GL GT

Los Angeles ss 08:22 GMT January 12, 2005 Reply   
Raden scores again on cable, just perfect (sell at 1.8748). What a guy.

Warwick WW 08:21 GMT January 12, 2005 Reply   
What sort of system works best ta or fundamental

orlando jcr 08:20 GMT January 12, 2005 Reply   
Thanks GEP...
I'm in from 28 for the last hour or so and fishing for my exit point. Not sure on feel if it is going to cross MA. It touched +1 and then has gone quickly to -4, so looking for your input if you have it...

Dallas GEP 08:18 GMT January 12, 2005 Reply   
This eur/jpy level of 135.35 a good long with say a 20 pip stop

Singapore 08:14 GMT January 12, 2005 Reply   
LA fxnew how do you trade cable when you don't have your own view?

Dallas GEP 08:13 GMT January 12, 2005 Reply   
YES, JCR, well it is dependent on eur/jpy action (longs) but I would say 103.80 eur/jpy testing support now

Miami OMIL (/;-> 08:11 GMT January 12, 2005 Reply   
FWIW the eur/usd pair has failed to break the support (3100-10) and spooked some of the bears at this point leaving the sell orders out of reach for now. The aud/usd pair has another story as it breaks the support and heads for the next support. Looking for this pair to print around the 7520-30 area before it is done IMHO. Peace and GT

orlando jcr 08:09 GMT January 12, 2005 Reply   
GEP,

Are you still in $Y long from 103.30....??
Was wondering what your TP was...??

Bahrain Within 10 pips 07:55 GMT January 12, 2005 Reply   
aus/yen longing for a few days

lax-lgb SNP 07:53 GMT January 12, 2005 Reply   
FWiW $/cad staying below 1.2190 doesnt make me a U$D believer tonite

lax-lgb SNP 07:52 GMT January 12, 2005 Reply   
€/$ needs to break 1.3106/1.3112 and $/chf go past 1.1825 for $$$ to make any new gains

LA fxnew 07:51 GMT January 12, 2005 Reply   
isnt it clear .. cuz i am trading cable

Singapore 07:49 GMT January 12, 2005 Reply   
LA fxnew why are you always asking for views on cable?

perrie como 07:46 GMT January 12, 2005 Reply   
GBP is waiting trade data

so is Cad and Usd later Nafta opening

LA fxnew 07:43 GMT January 12, 2005 Reply   
hard to predict direction now ...

any one can give solid comment on cable pls
thanks

prague viktor 07:42 GMT January 12, 2005 Reply   
FRA Alpha Tango 07:06 GMT January 12, 2005
Today is great day. Many of you will lose feathers!...why?????

Ldn 07:41 GMT January 12, 2005 Reply   
Daily FX
Euro Appreciation Has ?Gone Too Far?

LINK

Dallas GEP 07:34 GMT January 12, 2005 Reply   
Longed usd/jpy at 103.30

FRA Alpha Tango 07:22 GMT January 12, 2005 Reply   
usd/chf target 1.1768 with interim at 1.1789

FRA Alpha Tango 07:19 GMT January 12, 2005 Reply   
euro buy point 1.3140 at 8:00 GMT opening
sterling 1.88

FRA Alpha Tango 07:06 GMT January 12, 2005 Reply   
Today is great day. Many of you will lose feathers! so be carefull and may the force be with you.
SHORT usd/chf 1.1810
10 000 With you.

Indonesia - Solo Raden Mas 06:59 GMT January 12, 2005 Reply   
usd/chf will test low to 1798-1792. maybe that range is bottom. thinking about 1894.

london, herts jr 06:56 GMT January 12, 2005 Reply   
tks wfakhoury

Indonesia - Solo Raden Mas 06:51 GMT January 12, 2005 Reply   
12 Januari 2005
· Eur/usd
Sell :
1.3183/99 – 1.3207 – 1.3288 - 1.3366 - 1.3603 - 1.3662
Buy :
1.3106 - 1.2930 – 1.2808 – 1.2498 – 1.2435
· GBP/usd
Sell :
1.8835 - 1.8880/98 – 1.8930 – 1.9031 – 1.9237
Buy :
1.8748 - 1.8664 – 1.8599 – 1.8434 – 1.8399 – 1.8348
· Usd/Jpy
Sell :
103.50 – 103.90 - 105.13 – 105.95 – 106.68 – 108.52 – 109.66
Buy :
103.00 – 102.31 – 101.61 – 100.32 – 99.83
· Usd/Chf
Sell :
1.1890/11 – 1.1933 - 1.1965 – 1.2016 – 1.2044 - 1.2090 – 1.2172 – 1.2321/37
Buy :
1.1798 – 1.1774 – 1.1723 - 1.1599 – 1.1429 – 1.1221 – 1.1119
· Aud/usd
Sell :
0.7649 – 0.7735 – 0.7792 – 0.7848 – 0.7927
Buy :
0.7532 – 0.7481 – 0.7346
· Gold
Sell :
423.46 – 426.30 - 429.29 – 442.05 – 435.89 – 438.05 – 440.09 – 441.77
Buy :
418.48 – 416.30 – 411.80

Amman wfakhoury 06:44 GMT January 12, 2005 Reply   
Amman wfakhoury 05:39 GMT January 12, 2005
Hi traders ,

My signals for today :

EUR/USD Sell below 1.3100 Buy above 1.3125
GBP/USD Buy above 1.8790 Sell below 1.8760

G O O D L U C K


Amman wfakhoury 06:42 GMT January 12, 2005 Reply   
London ,herts
see my signals on cable b4 one hour..short below 60

Hong Kong Qindex 06:42 GMT January 12, 2005 Reply   
GBP/JPY : Current Comment.  Register with Jay at [email protected] if you have no access to my page.

london, herts jr 06:31 GMT January 12, 2005 Reply   
hi wakfoury...any views cable...the trades figs out today looking to short at 50 and 35...any views old chap?

Amman wfakhoury 06:17 GMT January 12, 2005 Reply   
In my signals please give prioirty to first choice.

Amman wfakhoury 06:12 GMT January 12, 2005 Reply   
hk
that is ok..but I prefer if you can use advance hedge in this case

hk revdax 05:53 GMT January 12, 2005 Reply   
Amman wfakhoury 05:39//You wrote:"EUR/USD Sell below 1.3100 Buy above 1.3125..."

I like this kind of signal. i will place a buy-stop at 1.3126 to trigger an entry and afterwards put a stop-loss at 1.3099.

HK REVDAX 05:50 GMT January 12, 2005 Reply   
Singapore Sfx 05:46 //Ask Qindex for some vib numbers. Happy _chicken_ New Year to all your Singaporeans.

Singapore Sfx 05:46 GMT January 12, 2005 Reply   
both of which always feel swampy here Revdax .... happy new year sir ... cheers.

Amman wfakhoury 05:41 GMT January 12, 2005 Reply   
Please be advised that my hourly signals will be
after 15.00 GMT
thks

hk revdax 05:41 GMT January 12, 2005 Reply   
Singapore Sfx 05:25//your feet could tell you that. In fx trading, it is your gut.

Hong Kong Qindex 05:41 GMT January 12, 2005 Reply   
GBP/JPY : Current Comment.  Register with Jay at [email protected] if you have no access to my page.

Amman wfakhoury 05:39 GMT January 12, 2005 Reply   
Hi traders ,

My signals for today :

EUR/USD Sell below 1.3100 Buy above 1.3125
GBP/USD Buy above 1.8790 Sell below 1.8760

G O O D L U C K

Singapore Sfx 05:25 GMT January 12, 2005 Reply   
its gotta tell me something Revdax !! Someone's gotta know when they reach the swamp while looking for that lotus land ...

HK REVDAX 05:15 GMT January 12, 2005 Reply   
Anyone who is unwilling to participate into cross play could just keep buying $/JY.

HK REVDAX 05:12 GMT January 12, 2005 Reply   
Singapore Sfx 05:07//That is not the appropriate question from a professional like you...LOL

Singapore Sfx 05:07 GMT January 12, 2005 Reply   
Where / When is the stop Revdax ?

HK REVDAX 05:02 GMT January 12, 2005 Reply   
Dubai Salem 02:51//A time signal is not capable of magnitude. It tells you or suggests to you that is the action to take today. It does not hand=hold you to the lotus land of fx trading profit.

Los Angeles ss 04:44 GMT January 12, 2005 Reply   
Thanks, martin.

Halifax CB 04:40 GMT January 12, 2005 Reply   
It's late, my typing sucks. sorry!

Halifax CB 04:40 GMT January 12, 2005 Reply   
Well, patience isn't the problem her, it's courage that's lacking! This last few days has been very king, particularly on eurusd & gbpusd, and now on the first we are back to were I said I was going to buy one & hold on to it. But with data coming out this week & everything already spooked, I guess i changed my mind, and I'm flat.

OTOH I have been working more on my charts. The basic charts have been pdated. Then I got rid of the index file so that those who like can simply pick & choose plots out of the Chart Directory or the Four Week Rule Directory and not bother with the html pages. There's a Commentary file in each directory, describing what's n it. The longer term charts have not been updated yet, as I don't use them, but the basic charts with exciting names like EURUSD.jpg" have. There are still start up issues at the left of each chart.

In the Chart directory are also some files ending with "_gt.jpg". These are "ground truth" files, ones on which current data is overlaid on previous predictions, to ball park the reliability of the method. The newest predictions sometimes look like the older ones, simply because there has been no new leg(s) introduced in the point & figure diagrams. GT...

gold coast martin 04:39 GMT January 12, 2005 Reply   
SS....at this stage nothing substantial ..but sell order at 18876 which imho will not be touched today......i dont follow eur/jpy......usd/jpy buyers at 10321,10319.10298...i ndicqtes strong resistance level ......yen today is in recovery mode after Isslings comments which made eup/jpy tank yesterday ,affecting the usd/jpy pair....g/t

Los Angeles ss 04:34 GMT January 12, 2005 Reply   
Martin, any information on sell orders for gbp/usd and eur/jpy? Thanks.

Miami OMIL (/;-> 04:31 GMT January 12, 2005 Reply   
FWIW aud/usd pair has also given me a sell signal but support 7590 must be taken out soon. If taken then looking for 7500 to be tested but will take a bounce from 7520-30 to be limit for now. Eur/usd has the market jockeying for position before the data later on. Not much change on the numbers but here they are anyway.

Resistance for eur/usd pair stands now at 3130-40, 3170-80, 3210-20, 3250-3280, 3310-20, 3340-50, 3380-3400, 3440-50, 3480-90, 3520-40, 3580-3600, 3650-70, 3700-10, 3750-60 and 3800-10. Main target is in the 3750-60 area.
Immediate retracement numbers are 3490-3500, 3390-3400, 3300-10, 3210-20, and 3110-20.
Retracement numbers are 3415-25, 3260-70, 3140-50, (3020-30) and 2865-75
Second wave retracement numbers are 3320-30, 3100-10, 2940-50, 2770-80 and 2555-65 for now key retracement number is 2940-50.
Resistance T/L 3370-80 and 3510-20 Support T/L (3030-40) for now.
Support is around the 3100-10, 3070-80, (3030-40), 2940-50, 2890-2900 and 2850-60 for now key support is around the 2940-50 area IMHO. GL GT

gold coast martin 04:31 GMT January 12, 2005 Reply   
FWIW......Euro has sell orders at 13129,13156 and 13178...the platform sharks may be afraid to push the chop chop to those level for...... if triggered sub 131 may be seen....it may explain inactivity for last 2 to 3 hours.....g/t

orlando jcr 04:24 GMT January 12, 2005 Reply   
GEP,

I have the same patience problem you do....!!
Just closed $Y long at +2 (103.47) because I'm tired of looking at it. Of course it went up another couple pip right after I closed - isn't that what always happens!!

Dallas GEP 03:50 GMT January 12, 2005 Reply   
Figures.....patience is rewarded in this market. EURO pipping up now.

Halifax CB 03:35 GMT January 12, 2005 Reply   
Hey, haooy belated new year nyc jk! I got mail, and so should you (soon). Thanks...

hong kong nt 03:27 GMT January 12, 2005 Reply   
BC -- can you kindly comment on GBP/JPY? see 192-197 range for a while? many top trades to you...

CA RayS 03:20 GMT January 12, 2005 Reply   
Maybe it is in reference to the cross CHF/JPY

Dallas GEP 03:19 GMT January 12, 2005 Reply   
Well too impatient for this market I guess, closed eur/usd longs @ breakeven

Sing GD 03:06 GMT January 12, 2005 Reply   
Dubai Salem 02:51 GMT- Buying CHF/JPY really involves the following:

BUY CHF : Involves sell USD and Buy CHF in the USDCHF cross effectively leaving you Short USD and long CHF .

To nett of USD exposure and sell JPY

SELL JPY : Involves buy USD and sell JPY in the USDJPY cross
effectively leaving you Long USD and Short JPY

The buy/sell USD netts off and leaves you long CHF , short JPY in that cross.

Trade can be done seperately or in direct cross , to me if done seperately easier to manage.

Trust that helps .. GL

Dubai Salem 02:51 GMT January 12, 2005 Reply   
Today's Special(Jan 12)//Buy CHF/JY.

can anyone pls explain ? is it buying CHF for say 1.1880 selling JY for 103.00 or contrary

Dallas GEP 02:48 GMT January 12, 2005 Reply   
longed eur/usd at market...fairly tight stop

ICT ML 02:34 GMT January 12, 2005 Reply   
Good to see you are still breathing JK........Let me know what you been up to lately.

I'll be back in a few. First trades of 2005 last night were good for a whopping 36 bpips on gbp & euro shorts. And we're still at those same levels tonight.

ICT KT if we are from same city, hook up with me through Jay if you want, not many of us here.......

Sydney 02:32 GMT January 12, 2005 Reply   
This Yuan Speculation talk negative for Euro would imagine any views about it ? thks

Syd 02:31 GMT January 12, 2005 Reply   
AUD/USD: Model Fund Selling Weighs IFR say

nyc jk 01:58 GMT January 12, 2005 Reply   
cheers fellas, gl and gt !

Los Angeles ss 01:51 GMT January 12, 2005 Reply   
fxnew: more immediate, trade good break of 1.8800 and 1.8760,range of last 9 hours might be a good consideration.

LA fxnew 01:43 GMT January 12, 2005 Reply   
thank u SS

Los Angeles ss 01:41 GMT January 12, 2005 Reply   
fxnew: this is from ifr headlines trading page:

The pairing continues to consolidate within Friday"s wide range of
1.8645-1.8865. Daily studies are bottoming out in oversold territory, with the
stochastic poised for a bullish cross. Our bias is for an upward correction,
but it is always dangerous fighting a trend. Our strategy is to buy a dip
towards 1.8645, or a sustained 1.8865 break.

LA fxnew 01:37 GMT January 12, 2005 Reply   
hi all ....
any comment on cable pls...
thank you

HK REVDAX 01:31 GMT January 12, 2005 Reply   
Today's Special(Jan 12)//Buy CHF/JY.

gold coast martin 01:21 GMT January 12, 2005 Reply   
Sydney 01:12 GMT January 12, 2005
This is the main reason why anyone who took out shorts over the70 region in the past 1.5 months would do very well medium/long term....keep the posts up...g/t

houston st 01:20 GMT January 12, 2005 Reply   

JK -- good to see you...hope you are having a profitable new year...good trades.

Spotforex NY 01:13 GMT January 12, 2005 Reply   
re: Euro yen....I wouln't rule out the old squeeze play now that I sounded the 'all clear' siren.....

I not paranoid, but everyone is out to get spot's position!!!!!!

Spotforex NY 01:11 GMT January 12, 2005 Reply   
jk

They were 'colorful' days no doubt!!!!!
:-)

Sing GD 01:09 GMT January 12, 2005 Reply   
Good Day all

Buy/Sell , Long/Short , Bid/Offer , Mine/Yours , use of slang .... its all forex to me

Got to love this market , guys this 24/7 (give or take a few hours) is stressful in the FX trenches and seems every now and again that stress somehow finds its way to this forum and we all blow off a little steam .. guys/girls lets use this forum as the mentors set it up for , exchange of ideas , trading that is and flow info ..

Use as you personally see fit and hopefully make a few pennies ...

Take care out there in FX land

Below 1.3100 fig and Tallin's 1.3060 may spark this market , well done the guys that held thier USD longs yesterday. Also note Qindex comments 1.3091 was his systems call and while above stay long ...

Me sq looking to buy EUR . long below 1.3000 or above 1.3220 , in between very choppy , need a trend to reappear , will do once more liquidity comes back to market in due course..

GL All

gold coast martin 01:03 GMT January 12, 2005 Reply   
nyc jk 00:56 GMT January 12, 2005
A blast from the past.....welcome back JK,,,,,,good to see you posting again.....DOUGIE is in for a beating!!!lol...g/t

nyc jk 00:56 GMT January 12, 2005 Reply   
Spotforex NY 23:57 GMT January 11, 2005

Spot when you took the offer, I bet the broker came back sometimes and asked if you wanted to do a "Pavaroti" or else said he was only there for a "Desmond" , or maybe asked if you wanted to do an extra " Spaniard". Of course if he was from Australia, maybe he wanted a price in a "Dougie" :)

Ltn th 00:54 GMT January 12, 2005 Reply   
correction 175-180 rather than 200.

Ltn th 00:51 GMT January 12, 2005 Reply   
Spot. Re EURJPY trendline. Break of 10 mo channel is a little dubious. May depend on charts (source as well as time) you use. If so it is well within 50 mo channel. It seems more likely that if shorter channel is being realigned then it is a la 08/12/02, which defined the top of l/t channel. I think it unlikely but 200 seems more probable than -ve territory this year in such a scenario. I used s a x... weekly chart for plot.

orlando jcr 00:48 GMT January 12, 2005 Reply   
Reposting my question of earlier today - if anyone has time or expertise to answer and educate. Always trying to be the better trader by being more informed/educated:


If I may impose on some of the more technically astute traders here (as I've said, that is not me)....

There is a gap to the downside on the $Y this afternoon.
On a pure technical level, does this not push a need to fill that gap and call for a $Y rise...??

As always trying to become a smarter trader in the lulls of the market... I've been reading about gaps lately and I remember reading about this issue recently.

gold coast martin 00:48 GMT January 12, 2005 Reply   
Miami OMIL (/;-> 00:44 GMT January 12, 2005
Yea OMIL...since monday and have added since.......g/t

Syd 00:47 GMT January 12, 2005 Reply   
According to senior China economist at HSBC ,China more likely to pursue another rate hike than adjust FX regime to ensure soft landing this year and expects China will raise rates another 27 bps in 1H on lingering inflationary pressure, overheating investment.

Miami OMIL (/;-> 00:44 GMT January 12, 2005 Reply   
Did not mean to offend anyone by my remarks just my observation. Good to hear Martin are you still short on eur/usd pair?

gold coast martin 00:40 GMT January 12, 2005 Reply   
Miami OMIL (/;-> 00:35 GMT January 12, 2005
lol... know what you meant Omil..... terminology -tolerant here!!!!......g/t

Miami OMIL (/;-> 00:35 GMT January 12, 2005 Reply   
Sorry for the error I was trying to say that support (3100-10) not resistance is holding for now. GT

Syd 00:29 GMT January 12, 2005 Reply   
JPY turns stronger vs both USD and EUR after U.S. Commerce Secretary Evans says CNY value best left to market

Miami OMIL (/;-> 00:23 GMT January 12, 2005 Reply   
A sell (bid) has come up on my radar for the eur/usd pair. Resistance (3170-80) held together so I am now looking for 2990 if the key support (3020-40) is taken out. Resistance (3100-10) is holding up the show for now. I believe that everyone here pretty much understands the language spoken in this forum. Like Spot said there people from many countries involved here and no one wants to offend the other. I suggest if anyone does not understand the language of a certain individual to ask him or her to explain better but otherwise everyone I believe understands each other most of the time IMHO. GT (PEACE)

mex sjs 00:21 GMT January 12, 2005 Reply   
thanx singapore sfx...

gold coast martin 00:06 GMT January 12, 2005 Reply   
Vienna GD 00:03 GMT January 12, 2005
Likewise GD...good luck for the new year!!!

Vienna GD 00:03 GMT January 12, 2005 Reply   
sorry near = new

toronto js 00:03 GMT January 12, 2005 Reply   
common guys!! we are all here to help!! forget the rest!! lets start all over again like FRIENDS :)

Vienna GD 00:03 GMT January 12, 2005 Reply   
Gold coast martin: a happy near year to you! Nice to see you busy posting again!

NoVa Lurker 00:00 GMT January 12, 2005 Reply   
okay. I get the point ! I have a "longing" not to waste any more time here

-86-

 




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