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Forex Forum Archive for 01/31/2005

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London. 23:52 GMT January 31, 2005 Reply   
Daily FX
Canada?s Error Could Lead To Stronger US Growth and Narrower Deficit
LINK

malta rustler 23:27 GMT January 31, 2005 Reply   
CAD i tried to break a dike once, i was stopped out :)

Brisbane Peter 23:26 GMT January 31, 2005 Reply   
Hello,

San Diego bobl 20:02 GMT January 31, 2005

You wrote:

"Bottom line, looked like a sell via charts but without system confirmation for me I do not take the trade."

Can you tell me anything about your system and how it works?

Many Thanks

Wisconsin Peter Jack 22:50 GMT January 31, 2005 Reply   
Stop Loss on Sell eurusd would be 1.3107. good luck ppl.

bkk cad 22:48 GMT January 31, 2005 Reply   
I'll be surprised if euro can't get 1.31 today. ok...I'm going now...

bkk cad 22:45 GMT January 31, 2005 Reply   
Fwiw: Quadruple tweezer support at 195.17 on 15 min stg/yen. (but its the simple things in life no?)

bkk cad 22:40 GMT January 31, 2005 Reply   
USD index innnnnnnnn candlestick: is neutral imo
Good day all :)

Wisconsin Peter Jack 22:39 GMT January 31, 2005 Reply   
eurusd closer to my sell zone for today, so would sell around 307X areas or buy around 298X areas. good luck people.

Syd 22:39 GMT January 31, 2005 Reply   
Australian PMI Dn 5.9 Pts To 54.9 In Jan Vs Dec
The pace of expansion in Australia's manufacturing sector slowed sharply in January, pulling back from a strong performance in December. The Australian Performance of Manufacturing Index fell 5.9 points in January to 54.9, the Australian Industry Group said Tuesday. Index readings above 50.0 points suggest the industry is expanding overall. A slowdown in new orders and a build-up in stocks underlined the moderate start to the year, AIG said in a statement. Weaker growth in production, exports, employment and supplier deliveries were also seen in January.
AIG

London d 22:27 GMT January 31, 2005 Reply   
also from G7 source

"G7 finance ministers and central bankers also plan to discuss a more flexible exchange regime with their Chinese counterparts .................... ."

bkk cad 22:27 GMT January 31, 2005 Reply   
I don't see no shootin stars...anyway, CAD looks ready to break the dike and any day soon euro/cad is going to have another buying climax (but thats playing it slow and safe, but don't jump on her until she jumps! ((and i get my longs in)). But I'm in for the risk with bigger returns, so GBP/YEN at 195 s/l 194.50 target 200 in a few weeks.
Yap Yap!

London. 22:23 GMT January 31, 2005 Reply   
Dollar Has Biggest Monthly Gain Against Euro Since 2001 on Growth Outlook
Jan. 31 (Bloomberg) -- The dollar had its biggest monthly advance against the euro since May 2001 on signs the U.S. economy is expanding and the Federal Reserve will keep lifting its interest-rate target.
http://www.bloomberg.com/news/markets/currencies.html

London. 22:21 GMT January 31, 2005 Reply   
G7 Source - G7 To Repeat Boca Raton Language In London- Reuters

lax-lgb SNP 22:04 GMT January 31, 2005 Reply   
shooting stars abound all across the conti-$$$, conti- pairs

FWiW neither us$ nor jp show ability to add to Jan's gains

Syd 21:39 GMT January 31, 2005 Reply   
U.S. Says Canada Error May Have Affected 4th-Qtr GDP
Jan. 31 (Bloomberg) -- U.S. fourth-quarter gross domestic
product figures were likely affected by an error in Canada's trade report for November, a Commerce Department official said. The error may have underestimated U.S. GDP by as much as 0.5 percentage point, private economists estimated.
``If there is a mistake in the tabulation of data by
Statistics Canada that was used in the U.S. trade estimates, and that does appear likely at this point, then the correction of that error would have an impact on BEA's estimate of GDP,'' said Ralph Kozlow, associate director for internation aleconomics at the U.S. Bureau of Economic Analysis, which tabulates GDP.The U.S. economy cooled to a 3.1 percent annual rate in the fourth quarter, damped by a record trade deficit that included a widening gap with Canada, the Commerce Department said three days ago. StatsCan, the agency responsible for Canadian trade and GDP figures, today said it underreported November imports from the U.S. by C$1.31 billion ($1.06 billion) on Jan. 12. U.S. ``exports are going to be a big source of revision'' for GDP, said Joseph Carson, director of economic research at Alliance Berstein in New York. ``This is just the first sign that the revision is going to be a plus and is going to be a substantial plus.'' Carson projects the revision may add as much as 0.5 percent point to growth in the last three months of 2004. Other economists predicted a smaller revision. The error may mean growth was understated by about a quarter percentage point,
said Ian Shepherdson, chief U.S. economist at High Frequency
Economics in Valhalla, New York. A stronger figure will further
bolster the Federal Reserve's plan to raise interest rates this
week and in coming months, he said.
Canada Error``It does not change the big picture, but a number nearer to 3.5 percent would reinforce the impression that the Fed is rightto continue steadily raising rates,'' Shepherdson said. Canada's imports from the U.S. totaled C$19.5 billion ($15.7 billion) in November compared with C$18.2 billion ($14.7 billion) estimated earlier this month. The mistake would boost total U.S. exports for last quarter, leading to a smaller trade deficit. The trade figures subtracted 1.7 percentage points from GDP, the most since the second quarter of 1998.StatsCan gets its raw data from import filings collected by the Canada Border Services Agency. Exporters must file B3 forms for everything they seek to ship into Canada. The forms contain data ranging from the value of the goods, a description and their origin. Customs computers automatically send StatsCan seven days worth of data every Monday. On Nov. 25, Customs technicians shut down their computer system to install upgrades and the StatsCan
data wasn't transmitted that day, said spokesman Chris Kealey.The agency since has taken measures to ensure it doesn't happen again, Kealey said. StatsCan uncovered the error on Jan. 24, and informed the U.S., he said.

GOES B747 21:18 GMT January 31, 2005 Reply   
FEB/1975 has story to tell ... who is the happy chartist to get it right?

gt all

Bahrain within 10 pips 20:25 GMT January 31, 2005 Reply   
wow...I think the dow will pass 11,000 by mid feb...
Just when someone thinks it's going down.. :)

San Diego bobl 20:05 GMT January 31, 2005 Reply   
You're welcome...any time.

Los Angeles ss 20:03 GMT January 31, 2005 Reply   
thanks bobl.

San Diego bobl 20:02 GMT January 31, 2005 Reply   
Los Angeles ss...
sorry, missed your post during lunch break...

My comment was saying that the last three sessions we have found willing sellers in eur/usd at 1.3050-60 area. I can see that on the charts easy enough. However, my trading system did not identify the trade as a sell, so I did not take it.

Bottom line, looked like a sell via charts but without system confirmation for me I do not take the trade.

Sorry for the late response.

gl/gt

chgo JB 19:52 GMT January 31, 2005 Reply   
srry... Asian session, yes.. IMO

budapest Daniel 19:49 GMT January 31, 2005 Reply   
evening session = asian session or NY close?

chgo JB 19:47 GMT January 31, 2005 Reply   
yes, but will have to wait til the evening session it would appear.

budapest Daniel 19:46 GMT January 31, 2005 Reply   
Amman, maybe down below 1.3?

Los Angeles ss 19:42 GMT January 31, 2005 Reply   
Well, down eur/usd goes. How far? Anyone?

Amman wfakhoury 19:16 GMT January 31, 2005 Reply   
Hi
where the EUR/USD heading

Sydney ACC 19:03 GMT January 31, 2005 Reply   
The little Aussie battler is holding up remarkably well. Gold is off USD5 to USD 423 and the CRB index is down again. All the hallmarks are there. Maybe after today's trade figure which will probably produce another shocker

chgo JB 18:59 GMT January 31, 2005 Reply   
euro trying to roll over, but need volume selling to enter...

auckland newbie 18:51 GMT January 31, 2005 Reply   
do you see eur falling thru 1.3000 today ?

Los Angeles ss 18:42 GMT January 31, 2005 Reply   
bobl -- didn't understand your last post re euro. Where to you see it going for the rest of this session?

Rockford BDR 18:32 GMT January 31, 2005 Reply   
Bahrain
Quick question for you in the help side of FF if you have the time. TIA

San Diego bobl 18:25 GMT January 31, 2005 Reply   
I am selling the partial I took off at 1.8807 here at 1.8836 on the cable. Also, this area has been sold in eur/usd here today however my system not signaling it so am not taking.

gl/gt

chgo JB 18:23 GMT January 31, 2005 Reply   
(appologies for the awkward line breaks in that news item,...)

chgo JB 18:22 GMT January 31, 2005 Reply   
TORONTO (Dow Jones)--Canada imported C$1.3 billion more from the U.S. in

November than originally reported in Canadian trade data for the month,

according to revisions published on Monday.

Canadian imports from the U.S. totaled C$19.5 billion in November, revised

up from C$18.2 billion originally reported on Jan. 12, according to report

published by Statistics Canada on Monday.

The previous data were based on incomplete records due to a computer

glitch at customs, the government's statistics agency said Monday.

Overall, imports fell 4% to C$29.30 billion in November, revised from the

10.2% decline to C$27.41 billion that Statistics Canada first announced on Jan.

12.

The 2.9% drop in exports to C$34.71 billion was unchanged. As a result,

November's trade surplus was revised down to C$5.41 billion from a preliminary

C$7.30 billion.

"A technical problem at Canada Border Agency led to the transmission of

incomplete customs records to Statistics Canada for November," StatsCan said.

The federal statistics agency said it has been assured that the technical

glitch has been identified and resolved.

Gen dk 18:12 GMT January 31, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

quito_ecuador_valdez 18:08 GMT January 31, 2005 Reply   
The actual revision of the Q4 GDP is said to be around +.5%. Do the math here: the former increase was 3%. So ..005/.03=16.7% error. Not earth shattering but still a meaningful revision that is USD positive and a surprise.

Today is not a fundamental day, obviously, yet the fundamentals are sitting in position waiting for the mkt to see thiem, therefore it is a big fish-market-day...fundamentals ikely to be delayed to play tomorrow. If that will be the case (IF!!) then dollar positives are stacking up, Euro negitives are stacking up...tells me 1.29 E/$ is an easy target BUT NOT necessarily right now TODAY.

Martin is right...day trading will have to include some swing trades to be profitable in these times. If you quit too early you'll lose. Patience is virtue.

Makassar Alimin 17:56 GMT January 31, 2005 Reply   
euro looks very well bid, wonder if they are gonna open the valve or not...
1.2870 is not reached yet, perhaps we should go to 1.32 first

madrid cvd 17:56 GMT January 31, 2005 Reply   
today s difference between hi and lo for USD-YEN 40 pips only
:-(

Bahrain within 10 pips 17:50 GMT January 31, 2005 Reply   
I think Wed will be really Volitile

Helsinki iw 17:50 GMT January 31, 2005 Reply   
The hedonic adjustment to the way GDP is measured might be that statistical error.

Eilat Dolphin 17:43 GMT January 31, 2005 Reply   
Valdez/ I sure hope you brough back from the Galapagos a virgin iguana to offer the E$naconda.

Bahrain within 10 pips 17:42 GMT January 31, 2005 Reply   
avg 1.8807

Bahrain within 10 pips 17:40 GMT January 31, 2005 Reply   
eur/yen short

Rockford BDR 17:40 GMT January 31, 2005 Reply   
Bahrain
Sry I missed your entry point for that 50. Would you mind repeating it. For cable

Bahrain within 10 pips 17:36 GMT January 31, 2005 Reply   
I think this action wont stop till wed...more variation after close

Eilat Dolphin 17:34 GMT January 31, 2005 Reply   
So in the minutes to come we should see the forces equilibrium moment for the next hours.

Bahrain within 10 pips 17:34 GMT January 31, 2005 Reply   
going put on QQQQ Strik 37 till next day only might be a good idea

Los Angeles ss 17:30 GMT January 31, 2005 Reply   
According to IFR, revision up to as much as half a point GDP revision.

Bahrain within 10 pips 17:29 GMT January 31, 2005 Reply   
and NZ

Bahrain within 10 pips 17:28 GMT January 31, 2005 Reply   
Longing cable here for 50

chgo JB 17:28 GMT January 31, 2005 Reply   
hence the spike up in equities futures...

chgo JB 17:27 GMT January 31, 2005 Reply   
reports coming out that a statistical error might have resulted in Q4 GDP being miscalculated... possible upward revision to come..

Los Angeles ss 17:17 GMT January 31, 2005 Reply   
thanks Martin.

Eilat Dolphin 17:16 GMT January 31, 2005 Reply   
B747/ E/$ minutes ago...

madrid cvd 17:15 GMT January 31, 2005 Reply   
seoul kkk 17:09 GMT January 31, 2005

yes thank you

gold coast martin 17:14 GMT January 31, 2005 Reply   
Los Angeles ss 17:07 GMT January 31, 2005
ss....fwiw..i posted on gvi that for the last 2 hours 2 newly-elected EU countries CBs have been buying euros and this may explain why dollar has not taken advantage of golds drop....anyway for the rest of the ny session i expect euro to close still under sub 130 and not exceed 13059-68...if not it will tomorrow and i will have to keep my daily trades overnight......g/t

Wisconsin Peter Jack 17:11 GMT January 31, 2005 Reply   
hope everyone had a good trade today,espcially with cable LOL! Good luck for tomorrow.

seoul kkk 17:09 GMT January 31, 2005 Reply   
madrid cvd 17:04 GMT January 31, 2005
Whenever feel the cross is main force in the market - like today.
Last year, japanese early year flow into europe in Feb was met heavy selling in March. I expect similar thing this yr. Hope this helped.

GOES B747 17:09 GMT January 31, 2005 Reply   
Dolphin, if it goes about a prayer; I will pray with you:

"E$naconda, E$naconda! My Snake in the Sky With Diamonds,

I want to see your trend
Before this month ends
Please take me somwhere
Where no one is scared
So that my friend pleasantly share
All the wealth floating out there.

I'll burn you some some incense
For your jaws so immense
As my jewish voodoo
Starts dancing too"

what you try to bring with it? // if works, let me know which possie to take.

gt

gold coast martin 17:09 GMT January 31, 2005 Reply   
Also shorting [email protected]

Los Angeles ss 17:07 GMT January 31, 2005 Reply   
Martin, your take on euro/usd for the rest of the session?

Eilat Dolphin 17:07 GMT January 31, 2005 Reply   
B747/ That's the way you treat my first prayer ever?!

gold coast martin 17:06 GMT January 31, 2005 Reply   
FWIW...ADDING GBP [email protected]

madrid cvd 17:04 GMT January 31, 2005 Reply   
seoul kkk 17:02 GMT January 31, 2005

u trade euro-yen regularly ?

San Diego bobl 17:04 GMT January 31, 2005 Reply   
Bidding a little gbp/usd at 1.8807 to grab 40 on partial if elected. Just don't see a lot more on the table today with the trade going as it is.

GOES B747 17:04 GMT January 31, 2005 Reply   
Eilat Dolphin 16:58 GMT // do know if it goes about smoked salmon you ate or just about salmon you smoked?

anyway, your message is very smoked :-)

gt

seoul kkk 17:02 GMT January 31, 2005 Reply   
just closed eur/yen long. better rest.

Eilat Dolphin 16:58 GMT January 31, 2005 Reply   
E$naconda, E$naconda! My Snake in the Sky With Diamonds,

I want to see your trend
Before this month ends
Please take me somwhere
Where no one is scared
So that my friend pleasantly share
All the wealth floating out there.

I'll burn you some some incense
For your jaws so immense
As my jewish voodoo
Starts dancing too.



London Templar 16:46 GMT January 31, 2005 Reply   
To answer my own question from before we have the following occuring this week in size


500m euro at 1.3100 on wednesday. Friday there is 1bn GBP at 1.8680.

I think cable could be offered in big time if someoene needs to get cable down very quickly!

Rio K 16:44 GMT January 31, 2005 Reply   
euro looks to be about to break to upside bigtime....hmmmm

madrid cvd 16:41 GMT January 31, 2005 Reply   
Euro-YEn specialist in here to tell me if 135 is a big resistance lvl ? Plse

Rio K 16:40 GMT January 31, 2005 Reply   
meant euro short

Rio K 16:39 GMT January 31, 2005 Reply   
closed euro long @ -15, same reason

Rio K 16:30 GMT January 31, 2005 Reply   
closed cable short @ 8855, +2..getting bullish positive crossover signals

London Templar 16:29 GMT January 31, 2005 Reply   
I feel my johnson is being played with!!

London Templar 16:28 GMT January 31, 2005 Reply   
this market is p*ssing me off! Someone - one the boys on a spot desk probably c*ti are touting this market for all its worth.

When is the next really big option strike in the next week or so? Anyone know??

madrid cvd 16:20 GMT January 31, 2005 Reply   
i mean resistance lvl for the time being ?

madrid cvd 16:19 GMT January 31, 2005 Reply   
EURO-YEN @ 135 big level in any senseof the term anybody ?

hemel uk Alanfx 16:13 GMT January 31, 2005 Reply   
gold coast martin 16:11 GMT January 31, 2005

ok, thanks, Martin, great to hear your views

gt

gold coast martin 16:11 GMT January 31, 2005 Reply   


hemel uk Alanfx 16:06 GMT January 31, 2005
Less daily reversals and swings coupled with the definition of trends that will determine overal direction for the next 2 months.....also market positioning of major fund flows into long term position trades,,,,,,,,,g.t

hemel uk Alanfx 16:06 GMT January 31, 2005 Reply   
gold coast martin 15:47 GMT January 31, 2005

Interesting post martin, can you give a reason or clue as to why that would be the case ?

London Templar 16:06 GMT January 31, 2005 Reply   
Has anyone noticed a channel forming in cable on the 60 min charts for the last 1 month??

London Templar 15:59 GMT January 31, 2005 Reply   
gold coast martin 15:47 GMT January 31, 2005

Cheers!!

gold coast martin 15:47 GMT January 31, 2005 Reply   
SIMON ,,,TEMPLAR..Eur is still scheduled for a sub 130 (12982)....cable has the 18778 frame pf mind....like i said in my first post of this morning it will get increasingly harder for day traders as they will have to let positions run for 2-3 day cycles to fully realise their targets..going into february......g/t

London Templar 15:41 GMT January 31, 2005 Reply   
Gold Coast Martin...

Any ideas amigo on where now for cable / eurusd / eurgbp?

ldn 15:40 GMT January 31, 2005 Reply   
Custodial Name Selling Rallies in Aud

madrid cvd 15:23 GMT January 31, 2005 Reply   
thank u global

Global-View GVI 15:18 GMT January 31, 2005 Reply   
madrid, from GVI:

GVI 15:01 GMT January 31, 2005
Dec new home sales up 0.1% to 1.098 mkn units vs. expectations of 1.200 mln and Nov revised lower

Spotforex NY 15:00 GMT January 31, 2005
Chi PMI employment 52.8 vs 49.1

GVI 14:59 GMT January 31, 2005
Chicago PMI said to be 62.4 vs. 61.2 in Dec instead of a small dip as forecast.

madrid cvd 15:16 GMT January 31, 2005 Reply   
could some one tell me the numbers plse ?

San Diego bobl 15:02 GMT January 31, 2005 Reply   
Definitely one of those..."patience is a virtue" market and trade. Like the NZD found a lid! Hope we're all awake when the eventual resolution of ranges happens...geez la-weez!

gl/gt

Chicago Irish 14:58 GMT January 31, 2005 Reply   
From your fingers to God's ears Q :-)

gold coast martin 14:57 GMT January 31, 2005 Reply   
its meaningless to the big picture but to your favor...enjoy it..g/t

Hong Kong Qindex 14:56 GMT January 31, 2005 Reply   
Chicago Irish 14:49 GMT - Buy on low ranges and sell at high ranges according to the following equation :-

Hong Kong Qindex 14:23 GMT January 31, 2005
EUR/USD :


... // 1.2977 - 1.2994 - 1.3011 - 1.3028 - (1.3045) - 1.3062 - 1.3079 - 1.3096 - 1.3113 // ...

At the end of the day one should be able to earn some pips.

gold coast martin 14:49 GMT January 31, 2005 Reply   
San Diego bobl 14:47 GMT January 31, 2005
like you said.....it is meaningless in the big picture...lol..

Chicago Irish 14:49 GMT January 31, 2005 Reply   
Cheers Q:Have a good one mate.

San Diego bobl 14:47 GMT January 31, 2005 Reply   
GCM...
Those levels looks very supportive to me; do you see sellers there?

So far today...action is meaningless in big picture.

Hong Kong Qindex 14:46 GMT January 31, 2005 Reply   
Chicago Irish 14:43 GMT - It could be. Anyway around 1.2977 is an important number for EUR/USD.

Chicago Irish 14:43 GMT January 31, 2005 Reply   
Qindex.....if you put an S in front of Top I'd agree with you :-)

gold coast martin 14:43 GMT January 31, 2005 Reply   
San Diego bobl 14:37 GMT January 31, 2005
Watch the caddie @123655-65 level.....bob....

Hong Kong Qindex 14:42 GMT January 31, 2005 Reply   
EUR/USD : It is very likely that the market is searching for the top in the New York session.

slv sam 14:41 GMT January 31, 2005 Reply   
minimum target for euro/$ today or tomorrow is 1.3125 imho..1.39 within Feb..GT

BUENOS AIRES DB 14:39 GMT January 31, 2005 Reply   
To Chgo JB: Can you tell me why in the last minutes the Eur is moving up ? Bad expectations about US numbers ? Thx. & GT.

San Diego bobl 14:37 GMT January 31, 2005 Reply   
Action in gold and silver would indicate stronger dollar. Chicago PMI should take the lead however if all things equal dollar should rise.

Hong Kong Qindex 14:24 GMT January 31, 2005 Reply   
Hong Kong Qindex 14:23 GMT January 31, 2005
EUR/USD :


... // 1.2977 - 1.2994 - 1.3011 - 1.3028 - (1.3045) - 1.3062 - 1.3079 - 1.3096 - 1.3113 // ...

madrid cvd 14:11 GMT January 31, 2005 Reply   
January Chicago PMI (1500 GMT), December new home sales (1500 GMT);

London. 14:10 GMT January 31, 2005 Reply   
US Business conditions in the New York metro area rose in January for the 17th month in a row and the outlook index also bounced. The NAPM-NY business conditions index increased to a reading of 331.8 in January from 325.5 in December.

Tallinn viies 14:08 GMT January 31, 2005 Reply   
top for today has been formed at 1,3045/50, imo
good indicator for further move down to new monthly lows would be move under 1,2970/75

chgo JB 14:02 GMT January 31, 2005 Reply   
waiting for Dec New Home Sales and Chgo PMI in one hour to get better sense of direction here...

Bahrain within 10 pips 14:00 GMT January 31, 2005 Reply   
Longing JDSU today

San Diego bobl 13:56 GMT January 31, 2005 Reply   
This is the type of market that you could go long or short any major pair and probably make a buck...good chance to test your trade management skills. Please don't take this as a suggestion!

Bahrain within 10 pips 13:53 GMT January 31, 2005 Reply   
cad short at 12

gold coast martin 13:48 GMT January 31, 2005 Reply   
sydney gvm 13:41 GMT January 31, 2005
yen stops @10306.....t/p1...10398..initially...10436t/p2..g/t

GOES B747 13:48 GMT January 31, 2005 Reply   
short AUD/USD from 0.7750

gt

Bahrain within 10 pips 13:45 GMT January 31, 2005 Reply   
swiss short here...more

chgo jb 13:42 GMT January 31, 2005 Reply   
DB -- well, factoring out the $3 MSFT dividend, Personal Income would have risen 0.6%... still an improvement over Nov's figures, but much smaller than today's headline figure would suggest. December is also Holiday bonus time in the U.S. so a modest increase in Personal Income over November is to be expected. I see today's data as neutral.

sydney gvm 13:41 GMT January 31, 2005 Reply   
gold coast martin - do you have a similar stop level on yen as Bob?

malta rustler 13:41 GMT January 31, 2005 Reply   
DB indicators broadly positive + iraq elections hurdle over + Monday = USD positive

San Diego bobl 13:40 GMT January 31, 2005 Reply   
Good company.... :).

gold coast martin 13:35 GMT January 31, 2005 Reply   



San Diego bobl 13:24 GMT January 31, 2005
we are on the same side of the fence on the cable and yen bob.....g/t

Buenos Aires DB 13:34 GMT January 31, 2005 Reply   
Any opinions about US data ? Thx. & GT.

Rio K 13:32 GMT January 31, 2005 Reply   
my cable long triggered while I was sleeping @ 1.8808 but stop triggered 4 pips before bounce

Syd 13:31 GMT January 31, 2005 Reply   
Nov Spending Revised To +0.4% From +0.2%
Personal Income Revised To +0.4% From +0.3%
US Personal Spending +0.8% In Dec; Consensus +1.0%
US Personal Income +3.7% In Dec; Consensus +3.1%

Rio K 13:30 GMT January 31, 2005 Reply   
bobl, joined you in cable short @ same price

Hong Kong Qindex 13:27 GMT January 31, 2005 Reply   
USD/CHF : Current Comment.  Register with Jay at  [email protected] if you have no access to my page.

San Diego bobl 13:24 GMT January 31, 2005 Reply   
On buy of usd/jpy...entry was 103.45 ; target 103.95 for 1st out, trail stop thereafter; s/l is 103.1700.

On gpb/usd...entry short was 1.8857; target 1.8807 for 1st out, trail stop thereafter; s/l is 1.8893

gl/gt

Buenos Aires DB 13:23 GMT January 31, 2005 Reply   
Thanks Chicago & Malta !!!

malta rustler 13:20 GMT January 31, 2005 Reply   
buenas aires indicators in ten minutes

chgo jb 13:19 GMT January 31, 2005 Reply   
DB -- Personal Income & Spending numbers in 10 mins

Hong Kong Qindex 13:13 GMT January 31, 2005 Reply   
Spot Gold : Current Comment.  Register with Jay at [email protected] if you have no access to my page.

Buenos Aires DB 13:11 GMT January 31, 2005 Reply   
Anybody can confirm me if the US indicators will appear in 20 minutes ? Thx. & GT.

Hong Kong Qindex 13:03 GMT January 31, 2005 Reply   
EUR/USD : If you are a day trader it is better to maintain a neutral position at this moment. I still prefer sell on rallies on higher extry levels.

San Diego bobl 12:59 GMT January 31, 2005 Reply   
Buying the Yen and selling cable here...
will post levels and stops in a few.

Maybe see more stable markets coming out of jan chop.

gl/gt

Hong Kong Qindex 12:57 GMT January 31, 2005 Reply   
Hong Kong Qindex 12:56 GMT January 31, 2005
EUR/USD :


... 1.2924 - 1.2950 // 1.2976 - 1.3002 - 1.3029 - 1.3055 - 1.3081 - 1.3107 // 1.3133 ...

Eilat Dolphin 12:54 GMT January 31, 2005 Reply   
Valdez/ Your typing speed grew exponentially!

quito_ecuador_valdez 12:50 GMT January 31, 2005 Reply   
I have two work crews to show up on 2 sites in 5 minutes..have to run..just remember, never short a longing chart, never long a shorting chart. Let this NY session open and stretch itself a bit before positioning..a lot of euro buying coincidentally all at once has given a weak euro a temporary kick up. The big fish know darned well they will short once they crank it up. Out for most of the day..GT all. Martin, keep posting today... will catch up in 4 hrs.

quito_ecuador_valdez 12:50 GMT January 31, 2005 Reply   
I have two work crews to show up on 2 sites in 5 minutes..have to run..just remember, never short a longing chart, never long a shorting chart. Let this NY session open and stretch itself a bit before positioning..a lot of euro buying coincidentally all at once has given a weak euro a temporary kick up. The big fish know darned well they will short once they crank it up. Out for most of the day..GT all. Martin, keep posting today... will catch up in 4 hrs.

quito_ecuador_valdez 12:50 GMT January 31, 2005 Reply   
I have two work crews to show up on 2 sites in 5 minutes..have to run..just remember, never short a longing chart, never long a shorting chart. Let this NY session open and stretch itself a bit before positioning..a lot of euro buying coincidentally all at once has given a weak euro a temporary kick up. The big fish know darned well they will short once they crank it up. Out for most of the day..GT all. Martin, keep posting today... will catch up in 4 hrs.

Bahrain within 10 pips 12:49 GMT January 31, 2005 Reply   
GBP/JPY short at 20

Las vegas Zeus 12:48 GMT January 31, 2005 Reply   
Never a problem

Dallas Mauricio 12:48 GMT January 31, 2005 Reply   
Thank You.

Las vegas Zeus 12:46 GMT January 31, 2005
Yes Mauricio!

Bahrain within 10 pips 12:47 GMT January 31, 2005 Reply   
GBP/CHF...need more hammering 1.23 from 1.2450..I guess

quito_ecuador_valdez 12:46 GMT January 31, 2005 Reply   
NY opens at 1300 GMT..in a few minutes.

Las vegas Zeus 12:46 GMT January 31, 2005 Reply   
Yes Mauricio!

Dallas Mauricio 12:44 GMT January 31, 2005 Reply   
NY opens in 15 minutes, Correct?

quito_ecuador_valdez 12:39 GMT January 31, 2005
I think I would hold off selling more xxx/USD until the NY opening spike is maxed out...coming in now in fact. Don't get too greedy here.

Tallinn viies 12:44 GMT January 31, 2005 Reply   
London Templar 12:32 GMT - different stories around...
one source ssays Bankl of China bought euros under 80.
other says one european national central bank bought under 80 due to month end fix demand ... blah blah, so on n so on.
then one swiss and german name started to bought agressively - front running.
now they squeeze early european shorters

Bahrain within 10 pips 12:42 GMT January 31, 2005 Reply   
eur/chf...major dive here

GOES B747 12:41 GMT January 31, 2005 Reply   
dolphin, just because of not having the tickers; just for knowing the world as far they can see; the times they fight to bring back are USD/DEM @ 1.30 area ... do not see a reason who will stop them from taking the trip in the time machine.

gt

Haifa ac 12:40 GMT January 31, 2005 Reply   
Tallinn viies 12:32 GMT "...shoot firtst, ask questions later"// I hope you know that two of the guys who did this were Lenny Bruce and Jim Belushi!

quito_ecuador_valdez 12:39 GMT January 31, 2005 Reply   
I think I would hold off selling more xxx/USD until the NY opening spike is maxed out...coming in now in fact. Don't get too greedy here.

Bahrain within 10 pips 12:37 GMT January 31, 2005 Reply   
GBP/Chf traders really good long at 1.23

Bahrain within 10 pips 12:34 GMT January 31, 2005 Reply   
at best cable 1.8960
stop at 1.8790 and trail with 45 Pips
3 pm US ok to get out if Your favour

Buenos Aires DB 12:34 GMT January 31, 2005 Reply   
Sold Eur again at 1.3033 S/L 1.3065 T/P 1.2975

quito_ecuador_valdez 12:33 GMT January 31, 2005 Reply   
BTW I am positioned for plays framed in the next 2-4 weeks in aussie short and USD short. What happens in the meantime is to me not important. I am selling xxx/USD on peaks and replacing older positions in big dips taking small profits in exchange for better ones at peaks..did so minutes ago to my benefit.

Am told that there is a major ceiling on aussie around .7750-65. Wait n see, eh? ECB is seen in a hover pattern by the street. Keep an eye on "USD Index" chart as an indicator for USD movement across the board as it shows an aggrigate and weighted average "worth" of the USD against majors.

Euro zone fundamentals for key countries are weak which fundamentally weights E/$. Actually, fundamentally, the E/$ pair SHOULD dive. If it does not do so immediaely it is the market's slow reaction to reality check or in fact big fish positioning the pair with temporary buying so they can short it bigtime. Tiy to outfox the big fish's REAL MONEY with technical play money and you contribute yourself to the food chain.

London Templar 12:32 GMT January 31, 2005 Reply   
Does anyone know why we had a squeeze up to hear in eurusd?
is it on the back of waiting for chicago pmi?

Tallinn viies 12:32 GMT January 31, 2005 Reply   
Buenos Aires DB 12:22 GMT - yes ye syes, how many time you need my yes?
shoot firtst, ask questions later

Rockford BDR 12:30 GMT January 31, 2005 Reply   
Bahrain
What was your T/P for Cable

Europe M 12:29 GMT January 31, 2005 Reply   
Short eurusd at 1,3034... intraday play...SL 1,3060, ....TP 1,3000.

hk fx 12:27 GMT January 31, 2005 Reply   

The Alps Syndrome.

seoul kkk 12:27 GMT January 31, 2005 Reply   
chicago PMI coming up today, I don't feel comfortable with any $ position before the data.

Eilat Dolphin 12:25 GMT January 31, 2005 Reply   
B747/ Why ? They got tickers on the ski slopes now?

Bahrain within 10 pips 12:24 GMT January 31, 2005 Reply   
if longed cable or short swisie...I think keep all day is good idea

Buenos Aires DB 12:22 GMT January 31, 2005 Reply   
To TALLINN Viies: Im looking for another sell on Eur at this level...agree ?? Thx & GT.

Rio K 12:21 GMT January 31, 2005 Reply   
short euro @ 1.3031

Bahrain within 10 pips 12:21 GMT January 31, 2005 Reply   
eur/gbp
short 1.6925

GOES B747 12:17 GMT January 31, 2005 Reply   
good afternoon all,

spent full week around the alps, can state very clearly that EZ is ready to tackle EUR/USD @ 1.45-1.50 later this year.

gt all

Singapore Sfx 12:15 GMT January 31, 2005 Reply   
Cairo Amgad 12:10 - even if you consider that a worthwhile gap on the charts, fact is that there wasnt a gap in price. we closed ny 1.3038 - and we did trade 1.3040 and a few pips around it on the open - in the interbank market early this morning in the wellington timezone .. fwiw.

quito_ecuador_valdez 12:13 GMT January 31, 2005 Reply   
fundamentals are being ignored short term, such as a successful Iraq election, guaranteed Fed hike coming and oil decreasing. Why? Short term is short term fellas. some CBs from the words I am reading ANEW this hour are stepping in buying E/$. Check certain connodiy levels last 24 hrs in which lowering are USD positive...more fundamental weight for E/$. so buying E/$ by big fish again outweighs fundamentals on short term. What's new? I look at these spikes as windows of opportunity to increase bets on position trades as do the manipulators of the mkt...think like the big fish and dine like the big fish.

Bahrain within 10 pips 12:12 GMT January 31, 2005 Reply   
Longing GBP/CHF at 1.23 till us close

seoul kkk 12:10 GMT January 31, 2005 Reply   
bought eur/yen at market, hope it won't tougch my stop at 134.2

Cairo Amgad 12:10 GMT January 31, 2005 Reply   
EUR/USD has a faling window(Gap) from friday close 1.3040 to monday opening 1.3035, this is a very significant level. if broken, we may see rally to 1.3111 where exist another falling window from 1.3113-1.3111 made in Tuesday, Do not forget to use small stop loss or wait to long at 1.2960 and short 1.3140 for safe.

GL GT

Cairo Amgad 12:10 GMT January 31, 2005 Reply   
EUR/USD has a faling window(Gap) from friday close 1.3040 to monday opening 1.3035, this is a very significant level. if broken, we may see rally to 1.3111 where exist another falling window from 1.3113-1.3111 made in Tuesday, Do not forget to use small stop loss or wait to long at 1.2960 and short 1.3140 for safe.

GL GT

Bahrain within 10 pips 12:09 GMT January 31, 2005 Reply   
swisie more short here for 1.1820 for now
possibly to 1.1750

madrid cvd 12:09 GMT January 31, 2005 Reply   
that voodoo thing again :-)

Buenos Aires DB 12:08 GMT January 31, 2005 Reply   
To LONDON Templar: Sup. 1.2925//1.2975/1.3000
Res 1.3045//1.3085 and 1.3125
Good trades !!!

Haifa ac 12:06 GMT January 31, 2005 Reply   
Markets are painting end of month picture today. what with "January Effect" and other voodoo--anything is possible today.

London Templar 12:05 GMT January 31, 2005 Reply   
Buenos Aires DB 12:01 GMT January 31, 2005

what are your levels above and below 1.3045-50?

TIA

Tallinn viies 12:05 GMT January 31, 2005 Reply   
London Templar 12:01 - hard to say at the mom. plan to build up huge long position in the range 1,2550-1,2750. first need to see 1,2920 gone to put down dream take profits...

Im simple guy. if market trades down I keep short, if market trades up I keep long. tricky thing only to indicate which way marklet trades...
as long as 21 day ema contains upticks on daily, safe bet keep you short positions

Buenos Aires DB 12:01 GMT January 31, 2005 Reply   
Dear friends...looking the 1 hour chart...I think if the Eur breaks clearly the trendline at 1.3045/50 it will be an upward movement to the last weeks highs. Any comment ?? Thx. & GT.

London Templar 12:01 GMT January 31, 2005 Reply   
Tallinn viies 11:58 GMT January 31, 2005
London Templar 11:53 GMT - 1,3125

Where are you looking to take profit with a 85pip stop loss?

Las vegas Zeus 12:00 GMT January 31, 2005 Reply   
Martin. Don't be so jumpy. I have seen your posts and they generally don't make sense to me so I offered my $.02. Please don't refer to what I don't do as golden nugget. No vegas jokes or whale watcher jokes necessary here

quito_ecuador_valdez 12:00 GMT January 31, 2005 Reply   
If one checkd longer term charts such as a 3 hour candle increment, especially with Aussie, you will note typical up down spikes in Monday's Asia and London sessions. no "reason", just the nature of the animal in these unstable times. Took opportunity to add on the spike an Aussie short and E/$ short. Thanks to whomever bought those USDs. NY opening in an hour often sees another upspike...another $ opportunity. Fed btw is almost guaranteed to hike .25% next meeting...adding weight to xxx/USD pairs.

Tallinn viies 11:58 GMT January 31, 2005 Reply   
London Templar 11:53 GMT - 1,3125

gold coast martin 11:57 GMT January 31, 2005 Reply   
enough posts from me for a whille..time to let all the gurus become heroes and villains for a day........safe trading to all.....

Tallinn viies 11:56 GMT January 31, 2005 Reply   
[Dow Jones] Trader says an Asia central bank is buying EUR/USD as pair ticks to session high 1.3040
fwiw

London Templar 11:55 GMT January 31, 2005 Reply   
Las vegas Zeus 11:54 GMT January 31, 2005

The truth is spoken!

gold coast martin 11:55 GMT January 31, 2005 Reply   
Las vegas Zeus 11:51 GMT January 31, 2005
REGULAR BASIS?...is since the start of january regular enough for you........lol.......this isnt the golden nugget in vegas friend.....

Las vegas Zeus 11:54 GMT January 31, 2005 Reply   
Martin- If you believe that the market is manipulated then trade in the direction of the manipulators. Be a parasite!

London Templar 11:53 GMT January 31, 2005 Reply   
Tallinn viies 11:46 GMT January 31, 2005
1,3030/35 high seen in Asia,
1,3040/45 high in late NYC after bounce.
so 35/45 nice area to short me thinks, with stop over last week high

What was last weeks high in EUR/USD?

cheers

gold coast martin 11:53 GMT January 31, 2005 Reply   
Las vegas Zeus 11:51 GMT January 31, 2005
lol....i do go with the flow .....literally!!!!...g/t

Buenos Aires DB 11:52 GMT January 31, 2005 Reply   
China ?????????????

Helsinki iw 11:51 GMT January 31, 2005 Reply   
DB, I think the support at 1,2915/25 has held and turned the euro back up. If that level fails, then I was wrong. But for now I`ll play this from the long side.

London Templar 11:51 GMT January 31, 2005 Reply   
sold eurodollar 30 - using a 1.3050 for stop. Looking to take half back at the figure.

Las vegas Zeus 11:51 GMT January 31, 2005 Reply   
Why do you think it is a "Stop Hunt"? Not sure if you are in tune with the market. That looked like a strong short-term reversal to me. I noticed that so many people here try to hold on to time and price predictions. This is fatal! You might be lucky and get the price or time right but both on a regular basis? No chance. It is better to get in tune with the rythm and "go with the flow". The price is the best indicator. It is never wrong- FWIW

London JHC 11:51 GMT January 31, 2005 Reply   
nyone have a clue what just happened (usd spiked lower) and whether there is any enws out?

HK [email protected] 11:51 GMT January 31, 2005 Reply   
Tallinn viies 11:06 GMT January 31, 2005

Maybe the 550M$ needed for margin-call after the last $$$Bull???

warsaw mach 11:50 GMT January 31, 2005 Reply   
China as always......

madrid cvd 11:47 GMT January 31, 2005 Reply   
i thought it was news based movements, like political or ...political !!!

gold coast martin 11:47 GMT January 31, 2005 Reply   
Helsinki iw 11:44 GMT January 31, 2005
Thats right..the market is the market...it is created and manupilated.....g/t

Buenos Aires DB 11:46 GMT January 31, 2005 Reply   
To Helsinki IW: Dont you believe in an Eur under 1.30xx ?? Thx. & GT.

Tallinn viies 11:46 GMT January 31, 2005 Reply   
1,3030/35 high seen in Asia,
1,3040/45 high in late NYC after bounce.
so 35/45 nice area to short me thinks, with stop over last week high

Hong Kong Qindex 11:45 GMT January 31, 2005 Reply   
EUR/USD : ... 1.2898 // 1.2911 - 1.2924 - 1.2937 - 1.2950 - 1.2963 - (1.2977) - 1.2990 - 1.3003 - 1.3016 - 1.3029 - 1.3042 // 1.3055 ...

Helsinki iw 11:44 GMT January 31, 2005 Reply   
Doubt that martin, think we made an important low above 1,2915/25 and market keeps rejecting that price level. Then thats what makes a market.gl.

gold coast martin 11:41 GMT January 31, 2005 Reply   
FWIW....Just stop hunts....sub 130 will be seen again.....

Buenos Aires DB 11:40 GMT January 31, 2005 Reply   
Any idea about this suddenly rally on Eur ?? Thx. & GT.

Hong Kong Qindex 11:40 GMT January 31, 2005 Reply   
USD/CAD : Current Comment.  Register with Jay at [email protected] if you have no access to my page.

Tallinn viies 11:38 GMT January 31, 2005 Reply   
no idea, uuhhh.
Ill better bring my stop to 1,3089.
reverse buy order stays where it is right now - over previous week high.

madrid cvd 11:37 GMT January 31, 2005 Reply   
something just happened or what ?

gold coast martin 11:34 GMT January 31, 2005 Reply   
Riga Jim 11:26 GMT January 31, 2005
No problems Jim....In my system a resistance level is a level which the euro does not want to meet....hence once reached and the currency gets a bounce from it it is a support level....it is my own flow level..not a technical one.....one that has been in existence for the past 7-9 days...just go back and read my privious posts......g/t...

Tallinn viies 11:28 GMT January 31, 2005 Reply   
madrid cvd 11:17 GMT - I think this homeland act is good joke nothing more what is concerning fx rates...
as far as I have worked with US companies (many of them called blue chips) when I worked for banks in coprorate desk, 90% of them kept their accounyt in dollars and sold only to cover their foreign costs.

Riga Jim 11:26 GMT January 31, 2005 Reply   
"Resistance level [..] is also a support level"
Quote of the day...
Martin, sorry for picking on you again. Good luck with your trades;)

madrid cvd 11:17 GMT January 31, 2005 Reply   
Tallinn viies 11:06 GMT January 31, 2005

Good question and i do not have a properanswer,but it made me thinking.
On the other hand,this was B Gates Not Microsoft, so i guees Bill can do whatever he likes with his money.
I learnt that Bill Gates isalsoon the board of W Buffet company.

Knowledge is power. G/l & g/t

gold coast martin 11:16 GMT January 31, 2005 Reply   
FWIW.....Resistance level of 12982 which is a support level is still active ....a breach is expected with the next level being 12914....g/t

Tallinn viies 11:12 GMT January 31, 2005 Reply   
prague viktor 11:06 GMT - no idea, but if under next support - 1,2920/25 - same happens then something is cooking.

Bahrain within 10 pips 11:12 GMT January 31, 2005 Reply   
might be ok to long cable for 1.8850

Tallinn viies 11:06 GMT January 31, 2005 Reply   
madrid cvd 11:02 GMT - how does it suite with the story that Microsoft brings back their dollars (as I remember it was 550 mio$)

prague viktor 11:06 GMT January 31, 2005 Reply   
Tallinn viies 11:01 GMT January 31, 2005..Do u mean someone big building a long Eur position...or it was just P/T...
Gold.c.Martin thanks for ur unswers mate...
G/L G/T

madrid cvd 11:04 GMT January 31, 2005 Reply   
yuan news

2005/01/31 11:00 - Bank of China's executive assistant president Zhu Min said that China is unlikely to reform its foreign exchange regime over the next 6-18 months, adding that the nation needs to complete its capital restructuring of the banking sector and deepen the foreign exchange and capital markets before considering a Yuan reform.

madrid cvd 11:02 GMT January 31, 2005 Reply   
old news..

Gates Joins Buffett in Bet That Dollar Will Decline (Update2)
Jan. 31 (Bloomberg) -- Bill Gates and Warren Buffett, the world's two richest men, are partners in business, bridge and travel. Now they are both predicting the dollar will weaken.
Gates, chairman of Microsoft Corp., said he expects the dollar to extend its three-year drop because of widening U.S. trade and budget deficits. ``I'm short the dollar,'' Gates told television interviewer Charlie Rose this weekend at the World Economic Forum in Davos, Switzerland. ``The ol' dollar, it's gonna go down.''

Tallinn viies 11:01 GMT January 31, 2005 Reply   
Buenos Aires DB 10:49 GMT - those bids under 80 made me thought about their intentions.

usually if you want to buy a lot (I mean without moving the market away from certain level, you need volume.) you put buying orders under the level where stoploss orders rumoured to be.
trying to say that someone wants to buy silently....
sounds suspicious to me. let see how this develops

Hong Kong Qindex 11:00 GMT January 31, 2005 Reply   
EUR/USD (Adjusted) :


... 1.2924 - 1.2937 - // 1.2950 - 1.2963 - (1.2977) - 1.2990 - 1.3003 // 1.3016 - 1.3029 ...

Jakarta pelor21 11:00 GMT January 31, 2005 Reply   
evening all,
Thank's to Martin,Dr Qindex for all view.It's great view.
GL/GT.

London Templar 10:58 GMT January 31, 2005 Reply   
for u censored types thats a very large swiw name also known as U*B*S

London Templar 10:56 GMT January 31, 2005 Reply   
people censored sold 200 mm earlier on to move euro below the figure. and now gone bid above... so i think caution is the tune!

Cairo Amgad 10:55 GMT January 31, 2005 Reply   
I sold Euro again at 1.3003 SL 1.3010 Target 1.2963 (will reverse to long according to volume activity)

(All Prices are bid Price)
GL GT

London Templar 10:52 GMT January 31, 2005 Reply   
175mm isnt massive but I think it will be enough to send which IB into the market to start buying up euros. I dont hink we are gonna see too much of a move down before 3pm. Maybe we could see a move lower in late london trading or early new york.

London Templar 10:49 GMT January 31, 2005 Reply   
London Templar 10:47 GMT January 31, 2005
Tallinn viies 10:45 GMT January 31, 2005
I think this DNT expiries on wednesday imho

I am just double checking my information.

what does imho mean?


Ok so we have 175m euros coming off at 3pm NY Cut. with a 1.30 X

Buenos Aires DB 10:49 GMT January 31, 2005 Reply   
To TALLINN Viies: Are you thinking in a movement to 1.2950/20 during the US session ? Thx & GT.

Tallinn viies 10:49 GMT January 31, 2005 Reply   
London Templar 10:47 GMT - nobody knows :)

eheheee actually they say "in my humble opinion"

Pecs Andras 10:48 GMT January 31, 2005 Reply   
Templar
imho: in my humble opinion

Hong Kong Qindex 10:47 GMT January 31, 2005 Reply   
EUR/USD : ... 1.2898 // 1.2924 - 1.2950 - 1.2976 - 1.3002 // 1.3028 ...

London Templar 10:47 GMT January 31, 2005 Reply   
Tallinn viies 10:45 GMT January 31, 2005
I think this DNT expiries on wednesday imho

I am just double checking my information.

what does imho mean?

HK [email protected] 10:46 GMT January 31, 2005 Reply   
Nothing looks good for Euro for the hourly.
Eyes look to see if Todays low at 1.2975 will be breached to next lower target at around 1.2925/30.

Yet the market smells of a possible explosive reversal sending the USD lower against the majors...just need a trigger.

London Templar 10:45 GMT January 31, 2005 Reply   
Auckland 10:44 GMT January 31, 2005
London Templar what is strike price, please

1.3000 the figure!

Tallinn viies 10:45 GMT January 31, 2005 Reply   
I think this DNT expiries on wednesday imho

Auckland 10:44 GMT January 31, 2005 Reply   
London Templar what is strike price, please

Bahrain within 10 pips 10:41 GMT January 31, 2005 Reply   
NZ looks good on 7080 area...should be good rally

London Templar 10:41 GMT January 31, 2005 Reply   
I am a seller of euros below 65. for 40 pips - probably get out after 30. 10point stop to the top.

watch out for 3pm cut big expiry today - DNT.

Bahrain within 10 pips 10:38 GMT January 31, 2005 Reply   
Sure Cairo.. :)
Short cad here for 20 pips

London Templar 10:38 GMT January 31, 2005 Reply   
Auckland 10:36 GMT January 31, 2005

Yes I think he did... I think leo as I fondly call him was a great follow of fib numbers

Auckland 10:36 GMT January 31, 2005 Reply   
London Templar...Did your artist Leonardo used same numbers as mathematic sciensist Bonaccio Pisano?
GL/GT

Cairo Amgad 10:35 GMT January 31, 2005 Reply   
Bahrain within 10 pips 10:24 GMT January 31, 2005
Thank you, I also have 1.3140 for Eur/Usd which is close to your suggestion, Thank you again.

For those who need to find entry point ,I would like to suggest : watch On balance volume to enter long when give positive divergence

GL GT

Hong Kong Qindex 10:34 GMT January 31, 2005 Reply   
EUR/USD : I like 1.2953 to be printed before the New York session.

London Templar 10:30 GMT January 31, 2005 Reply   
UK Chancellor Brown comments that he will not relax his fiscal discipline in the Labour Party's election manifesto. Note that a UK general election is widely expected in May, though the govt has yet to set a date.

Jan GfK confidence gauge better then expected +1

London Templar 10:27 GMT January 31, 2005 Reply   
Any views on eur/usd movements today or is it another da vinci code that needs breaking??

Riga Jim 10:25 GMT January 31, 2005 Reply   
Sofia Peter// Come on, you saw that EUR/USD stopped falling at around the 1.2980 zone. So there might have been some sizeable bids there. Are you going to bet your farm that the level will hold again, or what?

Hong Kong Qindex 10:25 GMT January 31, 2005 Reply   
Hong Kong Qindex 10:25 GMT January 31, 2005
EUR/USD : The market is now under pressure!


... 1.2945 // 1.2953 - 1.2961 - 1.2969 - 1.2977 - 1.2986 - 1.2994 // 1.3002 - 1.3010 - 1.3018 ...

London Templar 10:25 GMT January 31, 2005 Reply   
hey people has everyone been able to get in here today ok??

I have had constant sign on problems!!

Bahrain within 10 pips 10:24 GMT January 31, 2005 Reply   
Targets 1.31 to 1.3170 for now...or the orders given

Cairo Amgad 10:21 GMT January 31, 2005 Reply   
Bahrain within 10 pips 10:06 GMT January 31, 2005
same with euro 1.2970 to 1.2920

good morning Bahrain, this is a wide range, may i ask what is your SL and Target please, thank you

sofia peter 10:20 GMT January 31, 2005 Reply   
Tallinn,do you consider this a reliable information?thanx!

Tallinn viies 10:16 GMT January 31, 2005 Reply   
sofia peter 10:08 GMT - some brokers think if they let you know good bids or offers at certain level it will give them rights to take more pips out of your trades

sofia peter 10:08 GMT January 31, 2005 Reply   
Tallinn,how do you know that?thanx!

Bahrain within 10 pips 10:06 GMT January 31, 2005 Reply   
same with euro 1.2970 to 1.2920
and more chf from 1.1945 to 1.1965

ldn 10:03 GMT January 31, 2005 Reply   
UK property is not just about housing

Bahrain within 10 pips 10:03 GMT January 31, 2005 Reply   
Longing Cable with steps from 1.8770 to 1.8740

Tallinn viies 10:02 GMT January 31, 2005 Reply   
bids were seen under 80.

London. 09:58 GMT January 31, 2005 Reply   
Dollar Gains; Trichet Says Currency's Drop `Counterproductive'
Jan. 31 (Bloomberg) -- The dollar gained after European Central Bank President Jean-Claude Trichet said the currency's drop was counterproductive and Chinese officials rejected calls to allow the yuan to gain. The dollar's decline to a record against the euro on Dec. 30 is ``counterproductive from the economic growth perspective,'' Trichet said on Jan. 29 at the World Economic Forum in Davos, Switzerland. Chinese Vice Premier Huang Ju and deputy central bank governor Li Ruogu said the same day China will keep its currency at a ``stable'' level.

Buenos Aires DB 09:55 GMT January 31, 2005 Reply   
European indicators in 5 min. ? Is this correct ? Thanks.

Buenos Aires DB 09:55 GMT January 31, 2005 Reply   
European indicators in 5 min. ? Is this correct ? Thanks.

LDN LDN 09:52 GMT January 31, 2005 Reply   
Looks like more rate hike being considered newswire ..China PBOC Says Interest Rate Hike Helped Curb Inflation
Rate Hike Prevented Rebound In Investment

London. 09:50 GMT January 31, 2005 Reply   
Factors may be catching the market's eye could be those Homeland Investments providing USD support. ABN-Amro says that with more companies revealing their plans to repatriate profits back to US, latest conversion estimates up at $100 billion.

Tallinn viies 09:49 GMT January 31, 2005 Reply   
Buenos Aires DB 09:48 - no idea mate, dont care. data dont change people positions

Buenos Aires DB 09:48 GMT January 31, 2005 Reply   
To TALLINN Viies: What are you expecting in regard with european indicators ? Bad numbers for Europe ? THX & GT.

Syd 09:47 GMT January 31, 2005 Reply   
BRUSSELS (AP)--European Union foreign affairs chief Javier Solana Monday said the Iraqi authorities can count on the support of the 25-nation E.U. after this weekend's elections highlighted the willingness to move toward a democratic Iraq.
The Iraqi people "are going to find the support of the European Union - no doubt about that - in order to see this process move on in the right direction," Solana said in an interview with The Associated Press. The E.U.'s head office said on Friday that it wants to funnel EUR200 million more in aid to Iraq this year to help with the country's reconstruction and increasing democracy. The proposals of the E.U.'s executive Commission still need to be approved by the 25 E.U. member states. A successful election will boost the chances of approval for the aid, which would primarily be used to improve education and health services. The latest E.U. contribution would come on top of the EUR320 million already committed since 2003. The E.U. member countries individually have pledged some EUR2 billion since the fall of Saddam Hussein's regime. Solana said the E.U. would now help authorities prepare a new constitution and assist in training the Iraqi army and police force.


Tallinn viies 09:44 GMT January 31, 2005 Reply   
speed not fast but direction right,
such developments show euro may test 1,2900 today before NYC close.
btw, by IMM data big guns still long and also small fishes keep their long positions...
all cant win! right?
gl

Gen dk 09:42 GMT January 31, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Bahrain within 10 pips 09:39 GMT January 31, 2005 Reply   
SL 2.2520...PT 2.2380...Trail stop 30 pips

Chicago Goofy 09:26 GMT January 31, 2005 Reply   
Buy all currency except kiwi against us dollar.

Stoch and Monday effect as reasons.

Tallinn viies 09:25 GMT January 31, 2005 Reply   
within nxt 48 hours interbank boyz want to check DNT strike at 1,29...
happy hunting

auckland newbie 09:18 GMT January 31, 2005 Reply   
whats a good stop level on gbp/chf please

Bahrain within 10 pips 09:15 GMT January 31, 2005 Reply   
eur/yen..shorting 135.20

Bahrain within 10 pips 09:12 GMT January 31, 2005 Reply   
aussie..yes..
I think both NZ and aussie are buys...
So..Yes just for the day

Syd 09:08 GMT January 31, 2005 Reply   
Bahrain within 10 pips are you looking for a short term trade

London. 09:08 GMT January 31, 2005 Reply   
Trader says EUR/USD heavy ,several 'trigger' names selling above 1.3015, Major level to watch this session is Fri's low of 1.2985, and if that breaks he looks for sharp decline toward 1.2920 as technical stops are triggered.

Bahrain within 10 pips 09:06 GMT January 31, 2005 Reply   
I think assuise is a buy..Just short on 0.7775 for today

Bahrain within 10 pips 09:03 GMT January 31, 2005 Reply   
placing long cable order 1.7860

auckland newbie 09:00 GMT January 31, 2005 Reply   
is it just me or does it seem like the eur is going to move a lot very soon

Tallinn viies 08:59 GMT January 31, 2005 Reply   
Buenos Aires DB 08:57 - have been short basically all year.
last time sold more euros on friday.
sell here and leave stop over 1,3085 if can...

Buenos Aires DB 08:57 GMT January 31, 2005 Reply   
To TALLINN Viies: Hello, friend...as I saw you are thinking to sell EUR today ? Are you sold right now or are you expecting the coming european indicators ? Thx. & GT.

Ldn 08:47 GMT January 31, 2005 Reply   
Ryanair hit by soaring fuel costs

Competition is fierce in the low-cost airline business
Ryanair, Europe's biggest low-cost airline, has reported a 26% drop in quarterly profit after it lowered fares and the price of fuel soared.
BBC

Syd 08:42 GMT January 31, 2005 Reply   
EUR/USD 1.2900-1.3150 DNT Expires This Week ifr

Bahrain within 10 pips 08:35 GMT January 31, 2005 Reply   
Thanks London..
NZ seems to strong for the rest of the day
longing slight less then .71 till us close

London JMC 08:23 GMT January 31, 2005 Reply   
Bahrain within 10 pips

Thanks sidiki. good luck with trades

Syd 08:20 GMT January 31, 2005 Reply   
Net IMM positions in the AUD rose to 30.90K contracts , a very hgh level consistent with significant down risk ,Aud could correct lower a signal supported by Aud/Usd overvaluation relative to recent prices in industrial metals and gold prices RBC report

Syd 08:20 GMT January 31, 2005 Reply   
Net IMM positions in the AUD rose to 30.90K contracts , a very hgh level consistent with significant down risk ,Aud could correct lower a signal supported by Aud/Usd overvaluation relative to recent prices in industrial metals and gold prices RBC report

Bahrain within 10 pips 08:16 GMT January 31, 2005 Reply   
euro might range between 1.30 and 1.3070 for next 10 hours

Bahrain within 10 pips 08:13 GMT January 31, 2005 Reply   
Do you mean short usd/chf or are you long?

short

London JMC 08:10 GMT January 31, 2005 Reply   
Bahrain within 10 pips 07:37 GMT January 31, 2005
GM all..
short chf here till us close

Do you mean short usd/chf or are you long?

Thanks.

London. 07:58 GMT January 31, 2005 Reply   
Germany Dec Wholesale Sales -2.9% m/m, -0.4% y/y

Bahrain within 10 pips 07:55 GMT January 31, 2005 Reply   
GBP/CHF short at 1.2430 for 6 hours

London. 07:48 GMT January 31, 2005 Reply   
French Jan Consumer Sentiment Disappoints
Index -25 Vs -25 In Dec

Bahrain within 10 pips 07:40 GMT January 31, 2005 Reply   
GBP/Yen short here for 30 pips

Bahrain within 10 pips 07:37 GMT January 31, 2005 Reply   
GM all..
short chf here till us close

gold coast martin 07:10 GMT January 31, 2005 Reply   
..to add to that i also see the possiblity of the yen reaching 1025-85 from which it will bounce off strongly...these low levels will be very very short scanarios and will be a good opportunity to long for the higher levels....g/t

gold coast martin 07:08 GMT January 31, 2005 Reply   
prague viktor 07:03 GMT January 31, 2005

Hi Victor..In one of my posts of about 7 or 8 days ago imentioned that if 10418 level is breached then 10530 is next..i see the current yen scenario on the long side with a maximum level of 10680-10730 by end of feb....remember we have japanese fund repatriation starting in Feb.....g/t

prague viktor 07:03 GMT January 31, 2005 Reply   
gold coast martin 06:28 GMT January 31, 2005...G.day mate! do u see the 104++as a top for this week or its just the start line for a higher level..BTW thanks for ur active and helpfull posts..G/L G/T

houston tx ken 06:55 GMT January 31, 2005 Reply   


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Bill Gates bets against dollar

January 31, 2005 10:54 IST


Bill Gates, whose net worth of $46.6 billion makes him the world's richest person, is betting against the US dollar.

"I'm short the dollar," Gates, chairman of Microsoft, said in an interview at the World Economic Forum in Davos, Switzerland. "The ol' dollar, it's gonna go down."

According to a report on the website of Bloomberg, Gates's concern that the widening US budget and trade deficits are undermining the dollar was echoed in Davos by policymakers including European Central Bank president Jean-Claude Trichet and German Chancellor Gerhard Schroeder.

The trade deficit swelled to a record $609.3 billion last year, and the total US government debt rose 8.7% to $7.62 trillion in the past 12 months.

"It is a bit scary," Gates said. "We're in uncharted territory when the world's reserve currency has so much outstanding debt."

Gates reflected the views of his friend Warren Buffett, the billionaire investor who has bet against the dollar since 2002. Buffett said last week that the US trade gap will probably further weaken the currency.

Gates described China as a potential "change agent" for the next two decades. "It's phenomenal," Gates said. "It's a brand new form of capitalism."

gold coast martin 06:42 GMT January 31, 2005 Reply   
Jhb cd 06:36 GMT January 31, 2005
Sorry but i dont have an opinion on the loonie,,,San Diego bobl has got a core position on the caddie.......he is more qualified to answer than me....g/t

Jhb cd 06:36 GMT January 31, 2005 Reply   
Martin, what do you regard as a good CAD entry in your scenario?

ta!

gold coast martin 06:28 GMT January 31, 2005 Reply   
gold coast martin 03:23 GMT January 29, 2005
Good afternoon...
Closing thoughts for the week.....

Another choppy week ending the month...typical january movement....it provided a happy hunting ground for day traders and a poor indicator of trends for the position traders...So what is installed in February?.with the traditional JAPANESE repatriation starting in feb. and lasting until the 31st of march,it will gives us an indicator where the japanese investors have been investing their monies.....the pairs that will be most volatile as flows exit their countries and back to japan will be the kiwi and the aussie....and what of the euro direction?...In the second part of february and indication should emerge as to which road the euro is taking consistently for the next 3 months....PERSONALLY,these indicators are the initial breach of resistance levels(non-technical levels...flow-related) 12914,12856 and 12768,,,should these levels be breached in feb.then euro will see 1222 and possibly 11766 by the end of the 1st quarter of 2005.....february is also a month where i start to form and build position trades with a 2-3 month timeframe....so far the only ones i have position trades in are the aussie and the kiwi...no doubt the market in february will force from sitting on the fence to going to one side for a little while....will post daily levels and further market direction onmonday morning australian time......safe weekend and g/l for the coming month.....
Good afternoon....Reason i am wasting forum space to re-post what is already on FF is that it forms a continuation of todays and this weeks update...
As stated above,with february ahead of us we are liable to see less daily reversals and swings...i expect a week of consolidation,folllowed by an identification of a trend...i have posted aboeve what will constitute a trend in the euro..
For today look for euro to top out to not more than 13055-58 and challenge again the 12982 level....it may not breach it as we are entering a period of consolidation(3-4 days) BUT the daily highs will get lower in the next a few days putting a squeeze on the 12982 and 12914 levels.....

GBP....look for A 18869 top with a first target of 18785 .... if breached followed by 18716....
YEN...has an interesting pattern ....look for 10331-35 as a low from which a 10398-10410 will be reached...
So with february approachinf we will see the opposite to january....less swings and reversals daily therefore less food for the day traders and a period when position traders start to place trades for 14-21-28 day cycles....best advice to a day trader during february is to allow himself the luxury of leaving a dily trade open for 2-3 days in order that his targets can be achieved.....Good Luck and Trade Safe....

Tallinn viies 06:19 GMT January 31, 2005 Reply   
morning all,
SELL the euro today. target 1,2865/75. stop and rverse at 1,3089.

auckland newbie 05:38 GMT January 31, 2005 Reply   
thankyou i will log in now

quito_ecuador_valdez 05:28 GMT January 31, 2005 Reply   
Auckland Newbie - GMT 0445// I just put a comment on Help Forum for you and others who have had bad luck this January. Many pros also lament January's jerky charts as do I. As mentioned below, us trand guys are licking wounds unable to pick a trend on which to trade unless 20-20 hindsight trends BY LUCK have been capitalized on. Some say their systems paid them well this Jan..some say not. Luck as far as I am concerned provided profits in Jan..nothing more. Yet pip raiding is too risky for our "position trading" nature. Soooooooo...read Help Froum pls.

NZ levin kfj 05:20 GMT January 31, 2005 Reply   
AUCKLAND- you are stuck in a ranging market at present- as soon as your indicators line up and give u a signal - the market turns- it tends to burn trend traders.

auckland newbie 05:19 GMT January 31, 2005 Reply   
what ya think


Currency Pair Short-termTrend Trading Strategy
GBP/USD lower sell
USD/JPY lower sell
EUR/USD lower sell
USD/CAD higher buy
USD/CHF higher buy
AUD/USD lower sell
EUR/JPY lower sell
EUR/GBP higher buy
GBP/JPY lower sell
GBP/CHF higher buy
EUR/CHF higher buy
NZD/USD lower sell

auckland newbie 05:09 GMT January 31, 2005 Reply   
im trying that idea on myself :)

Sing Suri 04:59 GMT January 31, 2005 Reply   
Auckland Newbie - GMT 0445 - In a lighte vein, pls share all your trades with the FF - we all do the opposite and mke money... !!!

Hong Kong Qindex 04:55 GMT January 31, 2005 Reply   
EUR/USD : The market is vibrating around 1.3018 with an expected magnitude of 1.3010 - 1.3026 for the time being.



Hong Kong Qindex 02:12 GMT January 31, 2005
EUR/USD : The market will tackle the barrier at 1.2994 // 1.3002.


... 1.2986 - 1.2994 // 1.3002 - 1.3010 - 1.3018 - 1.3026 - 1.3035 // 1.3043 - 1.3051 ...

Hong Kong Qindex 04:54 GMT January 31, 2005 Reply   
EUR/USD : The market is vibrating around 1.3018 for the time being.



Hong Kong Qindex 02:12 GMT January 31, 2005
EUR/USD : The market will tackle the barrier at 1.2994 // 1.3002.


... 1.2986 - 1.2994 // 1.3002 - 1.3010 - 1.3018 - 1.3026 - 1.3035 // 1.3043 - 1.3051 ...

Hong Kong Qindex 04:45 GMT January 31, 2005 Reply   
AUD/USD : Current Comment.  Register with Jay at  [email protected] if you have no access to my page.



Syd 04:45 GMT January 31, 2005 Reply   
OPTIONS: EUR/USD Gravitating Towards Large 1.3000 Expiries

auckland newbie 04:45 GMT January 31, 2005 Reply   
everytime i buy or sell the market does the oposite what a day

SAIHAT No_one_will_escape 04:19 GMT January 31, 2005 Reply   
DEATH

http://www.sotaliraq.com/iq/video-baath-regime-torture.html

sadam and his team

sadam and his kind

quito_ecuador_valdez 04:15 GMT January 31, 2005 Reply   
Tks Dr. Q. At times I submit posts to see what more experienced traders say about them. Sometimes my posts are not necessarily my actual op. It's good to churn up the water a bit. Tks again!

Hong Kong Qindex 04:13 GMT January 31, 2005 Reply   
monteria, colombia juan david 04:03 GMT - I am not sure about your question. This week I will mainly use EUR/USD as an sample on the application of my system. Analyses on the rest of the major currencies pair are available in my page. Register with Jay at  [email protected] if you have no access to my page. The first 2 weeks are free and there is no oligation.

auckland sc 04:13 GMT January 31, 2005 Reply   
thanks

Sing Suri 04:11 GMT January 31, 2005 Reply   
Gold could test 422.10 in the coming hours

Syd 04:10 GMT January 31, 2005 Reply   
AUD Outlook: The AUD/USD Might Be Vulnerable This Week IFR

Hong Kong Qindex 04:10 GMT January 31, 2005 Reply   
quito_ecuador_valdez 04:05 GMT - I don't follow that logic.

Hong Kong Qindex 04:07 GMT January 31, 2005 Reply   
London. 04:00 GMT - EUR/USD : I am looking to see the market to test the lower range of 1.2851 - 1.2981. Today is the end of January.


Hong Kong Qindex 16:57 GMT January 26, 2005
EUR/USD : The most likely value for the market to close at the end of January is around 1.2981 +/- 130 pips.

auck sc 04:07 GMT January 31, 2005 Reply   
any picks on gold next hour/two hours

quito_ecuador_valdez 04:05 GMT January 31, 2005 Reply   
London// Feb is yet ahead of us...a 2-3 week dive for E/$ to mother support (1.26 or even less) could happen any time within those 3 weeks in Feb, THEN in the last week the theorized correction to 1.36 -could- follow. Dr. Q...your opinion pls. TIA

monteria, colombia juan david 04:03 GMT January 31, 2005 Reply   
specially Hong Kong Qindex 03:15 GMT January 31, 2005
comments

monteria, colombia juan david 04:02 GMT January 31, 2005 Reply   
i kindly ask for your comment on gbp-usd, thanks.

Syd 04:02 GMT January 31, 2005 Reply   
Despite lethal insurgent attacks, Iraqi voters turned out in large numbers for a historic election that pushed the country into the next phase of its transition from occupation to full sovereignty.

President Bush hailed the election as a "resounding success," not only for Iraq but for the entire region. By all accounts, Iraqi forces performed well throughout the day, during which insurgent attacks claimed 24 security personnel among the estimated 44 killed.

To be sure, difficult days could lie ahead, with fears that violence could surge in reaction to the turnout or to the election results, which won't be available for at least a week. Uneven voting among Iraq's three main ethnic groups, could leave representation unbalanced and deepen divisions among the groups, especially the Shiite-Sunni split. The Iraqi Kurds' continued drive for political autonomy could foster internal and regional volatility.

But one thing was clear: For many voters, the election finally closed the era of Saddam Hussein
WSJ

Hong Kong Qindex 04:02 GMT January 31, 2005 Reply   
quito_ecuador_valdez 03:48 GMT - Around the end of Asian session.

Hong Kong Qindex 04:00 GMT January 31, 2005 Reply   
LA fxnew 03:46 GMT - GBP/USD and EUR/USD should be on the same boat today.

London. 04:00 GMT January 31, 2005 Reply   
Hong Kong Qindex 03:15 GMT January 31, 2005
EUR/USD : The market is ready to make some good move.

you appear mega bearish into Feb correct

quito_ecuador_valdez 03:55 GMT January 31, 2005 Reply   
Glancing at E/$ 30 day chart I see uninterupted range trading originating from Jan 14 from the 1.31s to the 1.29s...some 200 pip range + or -. That is a LOT of consolidation...2 wks. From a chartist point of view the more consolidation you see, the more pronounced the breakout. So when this blows, (again purely a chartist's view) it's gonna be big.

quito_ecuador_valdez 03:48 GMT January 31, 2005 Reply   
Qindex// Do you have a time frame on the break of this consolidation period, all things considered? TIA.

LA fxnew 03:46 GMT January 31, 2005 Reply   
hi qindex:
if you are bias on euro downside then .. it will be the same on cable too right?

quito_ecuador_valdez 03:42 GMT January 31, 2005 Reply   
Tks Qindex. ;^)

quito_ecuador_valdez 03:40 GMT January 31, 2005 Reply   
E/$ up: Supporters of this prediction say US deficits hammering the buck, EZ percieved to be stronger overall than some ("some" being countries like Germany which are precieved to have econ probs like 10% unemployment). Chartists will claim enough consolidation..an up move due.

E/$ down further: Supporters of this prediction say (chartist view here) mother support from 2001 will be hit before an upsurge in the chart..that support being around 1.26xx at this point.

From a chartist point of view I support E/$ down to complete the January fall in order to cycle back up again.

Fundamentals have however played important roles in January due to lack of force from big fish (so say the fish). Fundamentals support UP for the pair.

If AUD/USD falls as Goldcoast martin predicts...to .7300 (am I right on that marty?) then this may be percieved as USD strength AND/or AUD weakening. e/$ COULD be influenced.

Bottom line...there are many more variables affecting this pair than I discussed above, NOT COUNTING big fish's plans to readjust reserves/cap to start the year. That's called cash flow. Yo Martin! So...unfortunately..damfino.

Hong Kong Qindex 03:37 GMT January 31, 2005 Reply   
EUR/USD : I am bias on the downside.

quito_ecuador_valdez 03:28 GMT January 31, 2005 Reply   
Hong Kong Qindex 03:15 GMT January 31, 2005
EUR/USD : The market is ready to make some good move.
Which way, please?

quito_ecuador_valdez 03:26 GMT January 31, 2005 Reply   
There ya go, Aukland...GOOD QUESTION. After this much consolidation it's gotta move.

Goldcoast martin: At this level on AUD/USD, ref: 1 day increment - 6 month candle chart, wouldn't it be good to sell... or wait a day or 2 then short it? (tgt .7550 OK?) What say amigo? Looks roughly like the pair has peaked again using said chart.

LA fxnew 03:26 GMT January 31, 2005 Reply   
any comment on cable pls?
thank you....

auckland newbie 03:25 GMT January 31, 2005 Reply   
my uneducated pick would be upwards

Singapore FH 03:21 GMT January 31, 2005 Reply   
aukland, flip a coin ;)

but the range is 1.3120 on top and 1.2950 at the bottom, respectively the 61.7 and 50% fib retracements of end-of-last-years uptrend

auckland newbie 03:18 GMT January 31, 2005 Reply   
which way will it move tho ? :)

Hong Kong Qindex 03:15 GMT January 31, 2005 Reply   
EUR/USD : The market is ready to make some good move.

Wisconsin Peter Jack 03:15 GMT January 31, 2005 Reply   
Singapore FH 02:08 GMT January 31, 2005
ok.

Syd 03:04 GMT January 31, 2005 Reply   
China Stats Bureau: Timing Not Ripe For Yuan Revaluation

Hong Kong Qindex 03:01 GMT January 31, 2005 Reply   
AUD/USD : Current Comment.  Register with Jay at  [email protected] if you have no access to my page.


London. 02:40 GMT January 31, 2005 Reply   
Euro could fall this week to 1.2850 according to Mitsubishi Trust and Banking FX manager Hideaki Inoue as market seems increasingly wary of selling USD due to better U.S. fundamentals relative to euro-zone, the concerns over U.S. twin deficits may also lessen if Bush's state of union address includes specific plans to close budget gap , with the top pegged at 1.3150 also says its hard to go long on EUR/USD after 6-cent tumble, widening U.S.-Europe rate gaps "the short-term yield curve in the euro-zone is flattening, indicating market's consensus that this year will see no rate increases" by ECB.

Syd 02:30 GMT January 31, 2005 Reply   
Talk of hedge funds unloading Euro/Usd longs as Iraqi election success

ldn 02:25 GMT January 31, 2005 Reply   
Speculators buy USD/majors on talk that USD repatriation, due to American jobs creation act, may be stronger than expected, says senior Tokyo dealer. Says speculators may have used Financial Times website's report that U.S. multinationals could bring back USD100 billion into U.S. over next few months

Rio K 02:19 GMT January 31, 2005 Reply   
AUD/JPY: pull up a 4 or 8 hr chart and see a thing of beauty.JMHO

Hong Kong Qindex 02:15 GMT January 31, 2005 Reply   
Hong Kong Qindex 08:53 GMT January 29, 2005
EUR/USD : The location of my super magnets are located at 1.2430, 1.2953 and 1.3476.

Hong Kong Qindex 08:47 GMT January 29, 2005
EUR/USD : The neutral zone of my weekly cycle is 1.2993 - 1.3033 - 1.3074. A projected barrier is positioning at 1.3149 - 1.3154 and a projected resistant level is located at 1.3275 - 1.3280. If the market can penetrates through 1.2950, the next two downside targets are 1.2561 and 1.2822.

Hong Kong Qindex 08:42 GMT January 29, 2005
EUR/USD (Weekly Cycle) : The distribution profile of my weekly cycle probability chart indicates that the market has a tendency to trade between 1.2953 - 1.3114 initially and the mid-point reference is 1.3033.

... // 1.2953 - 1.2973 - 1.2993 - 1.3013 - (1.3033) - 1.3053 - 1.3074 - 1.3094 - 1.3114 // ...

If the market can overcome the projected barrier at 1.3114 // 1.3154, the market has a potential to tackle the upper resistant level at 1.3275 - 1.3280.


... // 1.2953 - 1.2993 - 1.3033 - 1.3074 - 1.3114 // 1.3154 - 1.3194 - 1.3234 - 1.3275 // ...

On the other and if the market can penetrate through the barrier at 1.2887 // 1.2953, EUR/USD has a good potential to resume its downward trending momentum and tackle the lower range at 1.2757 - 1.2691.

... 1.2561 - 1.2626 // 1.2691 - 1.2757 - 1.2822 - 1.2887 - {1.2953} - 1.3018 - 1.3084 - 1.3149 - 1.3214 // 1.3280 - 1.3345 ...

(Suggestion : I am bias on the downside as long as the market is trading below the barrier at 1.3214 // 1.3149. The odds are in favour of maintaining a short position if the market is trading below 1.2953).

Weekly Cycle Quantized Levels
... // {1.2430} - 1.2691 -1.2561 - 1.2822 - {1.2953} - 1.3084 - 1.3214 - 1.3345 - {1.3476} // ...

The quantized levels can be expanded in the following manner
... // {1.2430} - 1.2496 - 1.2561 - 1.2626 - 1.2691 - 1.2757 - 1.2822 - 1.2887 - {1.2953} - 1.3018 - 1.3084 - 1.3149 - 1.3214 - 1.3280 - 1.3345 - 1.3410 -{ 1.3476} // ...


Hong Kong Qindex 02:12 GMT January 31, 2005 Reply   
EUR/USD : The market will tackle the barrier at 1.2994 // 1.3002.


... 1.2986 - 1.2994 // 1.3002 - 1.3010 - 1.3018 - 1.3026 - 1.3035 // 1.3043 - 1.3051 ...

Singapore FH 02:08 GMT January 31, 2005 Reply   
hi peter,
i just graduated from madison :)

Wisconsin Peter Jack 02:04 GMT January 31, 2005 Reply   
Madison.And where are you in Singy?

London. 01:48 GMT January 31, 2005 Reply   
Australian Dollar May Decline on Concern About Trade Deficit
http://www.bloomberg.com/apps/news?pid=10001065&sid=a_ylnt243Y8U&refer=movers_by_index

Singapore FH 01:44 GMT January 31, 2005 Reply   
hi peter, where in wisco are you located?

Global-View 01:43 GMT January 31, 2005 Reply   

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Wisconsin Peter Jack 01:42 GMT January 31, 2005 Reply   
eurusd is closer to my buy zone and gbpusd closer to my sell zone today. eurjpy and gbpjpy both are closer to my sell zone today, so would think gbpjpy shorts faster than eurjpy today, however adding the correlation between eurjpy and eurusd movements, I am trying to find an explanation of eurusd in my buy zone and eurjpy in my sell zone. one possible solution i can think of is that for eurusd to move into my buy zone, it has to go down to around 1.299X areas, thus this may explain the eurjpy sell zone it is in currently.

anyway, good luck people.

Rio K 01:13 GMT January 31, 2005 Reply   
aud/jpy short order triggered @ 80.20

Syd 01:12 GMT January 31, 2005 Reply   
Australia credit growth in December slowest annual pace since January 2003 affirming well established trend toward weaker rate of lending across economy;

Eilat Dolphin 00:56 GMT January 31, 2005 Reply   
Am I mistaken or is the 4H E/$ rather bullish...?

Wisconsin Peter Jack 00:54 GMT January 31, 2005 Reply   
monteria, colombia juan david 00:38 GMT January 31, 2005
BUY at 8859 bid would be my trade if i were you. good luck.

Syd 00:47 GMT January 31, 2005 Reply   
Economic conditions continue to point to CNY-revaluation in 1st half of this year, but don't expect it to happen soon, writes JPMorgan Chase Bank. "We don't think China will start expanding the yuan's trading band at the G7 of this weekend, or anytime soon after Chinese New Year, as (Chinese officials) will try to avoid giving an impression that it has succumbed to growing foreign pressure," says bank's FX analyst Tohru Sasaki.

monteria, colombia juan david 00:38 GMT January 31, 2005 Reply   
can anyone make a comment on cable at this moment?
4 hour charts?

Gen dk 00:11 GMT January 31, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

 




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

Currency Trading

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

Forex Brokers

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

Forex Trading

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

FX Trading

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

Forex Blog

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

 

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