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Forex Forum Archive for 07/1/2005

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lax-lgb SNP 23:34 GMT July 1, 2005 Reply   
melbourne farmacia 16:20 GMT July 1, 2005
thanks for the GBP/$ reminder

@ 427.7x Gold sits close to 50 fibo (446.1x-409.8x) atop 50 ma + TLs from 370.5x + 409.8x lows and 385.1x + 409.8x lows

Melbourne Qindex 20:57 GMT July 1, 2005 Reply   
Amman wfakhoury 20:09 GMT - The cost is only a few dollars per trading day. Contact Jay at [email protected] to take the special offer.

Melbourne Qindex 20:53 GMT July 1, 2005 Reply   
Amman wfakhoury 20:09 GMT - Our new service would include the regular analysis of my weekly cycle on EUR/USD, USD/CHF, GBP/USD, USD/JPY, AUD/USD and USD/CAD. A general review of each item on Sunday plus a 3-day cycle seies. I will try to run daily directional indicator on 11 items (EUR/USD, USD/CHF, GBP/USD, USD/JPY, AUD/USD, USD/CAD, EUR/CHF, EUR/GBP, EUR/JPY, GBP/JPY and USDX).

I am going to Hong Kong this morning and will set up my operation as soon as possible. I am not expecting any problem at this moment.

Amman wfakhoury 20:09 GMT July 1, 2005 Reply   
Qindex..
may I have an idea about your new service

Amman wfakhoury 20:03 GMT July 1, 2005 Reply   
Caba..thks and best rgds

Melbourne Qindex 20:02 GMT July 1, 2005 Reply   
Bris TW 15:26 GMT - This new item in our service is worth a lot of money if it is working right.

Philadelphia Caba 20:00 GMT July 1, 2005 Reply   
Amman wfakhoury 19:59 GMT July 1, 2005

Nice hit!

Good weekend all!!

Melbourne Qindex 20:00 GMT July 1, 2005 Reply   
Bris TW 15:26 GMT - Thank you for your kind words. This week is very straight forward for my directional indicators.

Amman wfakhoury 19:59 GMT July 1, 2005 Reply   
this was my trading signals for today sent at 0500gmt

Eur/Usd sell @ 12090 tp 12050-30 sl12120

Melbourne Qindex 19:54 GMT July 1, 2005 Reply   
Melbourne Qindex 00:36 GMT June 30, 2005
Review of USD/CHF Directional Indicator

June 27
1.2723 - 1.2965*
low/high = 1.2658/1.2735, closed = 1.2692

June 28
1.2685 - 1.2965*
low/high = 1.2674/1.2814, closed = 1.2795

June 29
1.2788 - 1.2965*
low/high = 1.2772/1.2878, closed = 1.2811

June 30
1.2807 - 1.2965*
low/high = 1.2783/1.2861, closed = 1.2814

July 1
1.2906 - 1.2965*


The market is neutral when it is trading between the daily and weekly cycle's "super magnet" which is the center of my projected series. It is negative when it is trading below and moving away from the neutral zone. In other words the market has a tendency pulling towards the neutral range if it is losing momentum.


Note : In general the market is pulling towards the "Super Magnet" of my weekly cycle. Apparently it will keep on trying within the remaining period of this week. It is leading indicator among the major currencies.

Basically it is stratght forward and there is no cross over in the last five trading days.

Gen dk 19:48 GMT July 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

St John's ET 19:36 GMT July 1, 2005 Reply   
The speed at which GBP dropped leads me to believe we could see a retracement sometime soon, but it might be best to stay clear for now.

Livingston nh 19:23 GMT July 1, 2005 Reply   
Hey Rico - you seein' this !!

Happy Fourth to all

Philadelphia Caba 19:14 GMT July 1, 2005 Reply   
Okay, we will see next week, GL with that euro longs!

Dallas GEP 19:12 GMT July 1, 2005 Reply   
Good question Caba..unknown!!! I am working these euro longs until closing in 48 minutes

quito_ecuador_valdez 19:04 GMT July 1, 2005 Reply   

Arty's article which Charles posted below caps my model perfectly. Currencies cycle, that's their job. If they didn't the world econ situation would be "fixed", unmoving, stuck in time. Always see the big picture, always let history be your friend as it repeats itself with a large degree of prediction, ask Fibonacci who hundreds of years ago saw the relationship of repetitive patterns and devised math to make it useful. My model states the USD will cycle back into more valued levels as time goes on for the next several years. I would not say that part of the cycle has started yet but since December of 2004 it gives us a good indication it's going to. We are still range trading, top being December's values, bottom isn't far away. If USD breaks through the longterm midrange point of 1.10 this year then we can say my model was late, reality was early. I still feel we have room to retest the December highs this year..more likely 1.30 than 1.37 for €/USD but I don't feel it's likely..the USD is not a bad safe house at all and people are regaining this feeling rapidly.

Philadelphia Caba 18:59 GMT July 1, 2005 Reply   
GEP, how much EUR/GBP run later this week has factored in a possibility UK rate move next week?

JR London, Herts 18:59 GMT July 1, 2005 Reply   
My trend system will buy dlr/cda monday if at these lvls...however still valid reasons now why cda shud perform well tempted to sell here...but will disipline myself and wait till monday...any views on this?

JR London, Herts 18:51 GMT July 1, 2005 Reply   
please read selling more euro/yen 13335 13320 sorry..be lucky

Dallas GEP 18:51 GMT July 1, 2005 Reply   
well could be wrong but a spurt up on euro to 1.1962-65 area looks probable to me

JR London, Herts 18:49 GMT July 1, 2005 Reply   
squared nz $....gone short euro/yen....selling more at 13535...and 13520 for punt into next week.. break 13300 bak in the down mode....be lucky...JR

Gen dk 18:47 GMT July 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Hong Kong Ahe 18:43 GMT July 1, 2005 Reply   
revdax 18:42 - Haha... I watched your posts in both forum as usual at the back of my screen daily. Howdy friend.....

quito_ecuador_valdez 18:43 GMT July 1, 2005 Reply   
Art Laffer is no laugh, one of the world's experts on the "art of yen" activity and long associated with a "treasury" of experience. :^) Tks for posting his article Charles. "Arty" as he is known by pros world wide sadly hasn't posted lately. Good you dug this up. We miss you Arty.

van revdax 18:42 GMT July 1, 2005 Reply   
Hong Kong Ahe //Long time no see. I thought you had disappeared into the current blue blood bureacracy of HK...lol

the netherlands purk 18:41 GMT July 1, 2005 Reply   
To GEP Dallas: you were right with the eur/gbp. I could not wait, and closed and took a possie on the eur/usd. Seemed safer, but i think either way was good today.
Thanks anyway. Trust that your shorts will pay out. Flat now. What do you mean by eur/jpy is long for now? In what time frame do you see that, and is that because eur is going to retrace to all pairs?
Thanks
Purk

Hong Kong Ahe 18:36 GMT July 1, 2005 Reply   
nt 18:20 GMT Many thanks. Good trades to you.

hong kong nt 18:20 GMT July 1, 2005 Reply   
Hong Kong Ahe -- AUD/NZD is trending upwards, looks like buying AUD at 80-week sma may work better for position buy...

Dallas GEP 18:09 GMT July 1, 2005 Reply   
well it definitely is oversold here for sure CABA

Memphis Charles 18:09 GMT July 1, 2005 Reply   
From the archives and still interesting reading:

Memphis Charles 19:40 GMT January 3, 2005
WSJ article by Arthur Laffer:

(I couldn't get link to post)

Destination U.S.A.

By ARTHUR B. LAFFER
January 3, 2005; Page A8

Just because the United States has its largest trade deficit ever doesn't mean that we're living beyond our means. Far from it. In fact, the characterization of the U.S. as a land of chronic overspenders, hellbent on selling themselves into global servitude doesn't make sense at all. And once the over-consumption model is put into question every policy remedy based on the presumption of squander looks pretty weak.

In an era of floating exchange rates the trade deficit (or more appropriately, the current account deficit) is one and the same as the capital surplus. The only way the U.S. can have a trade deficit amounting to 5.6% of GDP is if foreigners invest that amount of their capital in the U.S. It's a matter of simple accounting. But once you realize that the trade deficit is, in fact, the capital surplus you would clearly rather have capital lined up on our borders trying to get into our country than trying to get out. Growth countries, like growth companies, borrow money, and the U.S. is the only growth country of all the developed countries. As a result, we're a capital magnet.

Take a look around. Germany hasn't had a growth spurt since the 1960s when Ludwig Erhard was Bundeskanzler. France still has a mandated maximum workweek of 35 hours, a maximum income tax rate of 58%, a 1.8% annual wealth tax and government spending as a share of GDP greater than 50%. Finland, for goodness sakes, fines speeders a percentage of the speeder's income. Sweden, Denmark and Germany also fine speeders a percentage of their income, only with caps. Japan has had a stock market down by over 70% from its high in 1989 and both company and government unfunded liabilities in Japan are out of sight. Canada's economic policies are kooky and investments in Latin America, the Middle East, Russia, Southeast Asia and Africa are about as safe as running drunk blindfolded across the "I-5" freeway at rush hour.

So what's not to like about the U.S.? Whether you're an American or a foreigner the U.S. is the choice destination for capital. That's why we have such a large trade deficit.

The only way foreigners can guarantee a dollar cash flow to invest in the U.S. is if they sell more goods to the U.S. and buy less goods from the U.S. Our trade deficit is not a sign of a structural flaw in the fabric of the U.S. economy but is instead a stark reminder of our privileged status as the most pro-growth, free market, rule of law economy the world has ever known. Why on earth any American would want to change our policies to emulate foreign policies is beyond me.

China has realized the pre-eminence of the U.S. model and since 1979 has reduced the percentage of GDP flowing through its government from about 82% to today's level of about 30%. That is a supply-side tax cut par excellence. China also realizes that the U.S. has the best monetary policy ever. By fixing the value of its currency, the yuan, to the U.S. dollar, it has literally imported Alan Greenspan to China. Talk about outsourcing!

To guarantee the dollar value of the yuan requires that China hold over $500 billion of liquid dollar assets. China doesn't hold those dollars as a favor to us: it holds those dollars to benefit itself. One needs only glance at the financial disaster that ensued when former Argentine President Fernando De la Rúa broke the peso currency bond to the U.S. dollar to understand why China won't break its currency's link to the dollar. It's elementary, my dear Watson.

Now, within this framework of global capital mobility and U.S. pre-eminence there are significant variations in the relative capital attractiveness of the various nations of this world. When foreign economic policies improve, and the foreign attractiveness to capital increases as a result, the first impact is a weakening of the U.S. terms-of-trade (the real exchange rate) followed much later by a fall in the U.S. capital surplus, i.e., trade deficit.

As of late, foreign economic policies have improved. France is a lot better today than it was three years ago. And -- shock of shocks! -- Germany is even considering a real tax cut. Jean- Claude Trichet has shown himself to be a world-class governor of the European Central Bank, following on the heels of the incompetent Wim Duisenberg. Five new entrants to the EU -- Estonia, Latvia, Lithuania, Malta and Slovakia -- have low-rate flat taxes. Junichiro Koizumi of Japan is a lot better than the former prime minister, Yoshiro Mori. Investors on the margin should look more favorably to investments abroad.

But even changes in exchange rates have limits. The dollar under current circumstances can't go to zero or infinity. Without a corresponding rise in domestic dollar prices, U.S. goods and assets become relatively more attractive to foreigners and Americans alike when there is a fall in the foreign-exchange value of the dollar. Sooner or later the dollar would be such a bargain that there would be more buyers than sellers, therefore limiting the dollar's fall. Today, the dollar's value in the foreign exchanges fits nicely within its historical range.

On Jan. 1, 1999, the euro was born and was worth $1.17. In fact, if we look at the synthetic euro prior to 1999, the dollar's low was in 1992 when each euro could buy $1.47. The large dollar appreciation from 1992 to early 2002 saw the dollar peak at 83 cents per euro and our capital surplus (the trade deficit) go from less than 1% of GDP to almost 4% of GDP (and continue on to today's 5.6%). Well, the global economic environment is changing once again as are investors' perceptions of relative attractiveness.

There have been times in the past when the dollar depreciation of the magnitude we've experienced over the last two-plus years would have been a clear harbinger of much higher inflation and interest rates. But such is not the case today. It is true that products which are freely traded in global markets will experience dollar price increases relative to foreign prices by the percentage depreciation of the dollar. But to have these exchange-rate induced price increases lead to higher U.S. inflation would require the Fed to accommodate the higher inflation with faster monetary-base growth. The Fed has not accommodated any higher inflation and as a result markets do not anticipate higher inflation. Nor should they.

* * *
Back in the late 1960s and '70s, currency depreciation was associated with domestic monetary creation and a horrendous bout of global inflation. Then, as opposed to now, currency depreciation was directly responsible for inflation, high interest rates, and low growth. We even coined a new word for low growth and high inflation -- stagflation. Aren't you glad we've had an epiphany of Fed policies under the leadership of both Paul Volcker and Alan Greenspan?

The most natural, proper, and economically correct response of the foreign exchange markets is for the U.S. terms of trade to have declined and that's exactly what has happened. As far as I can tell, the decline in the dollar is about over; soon we will see the U.S. capital surplus falling back to more normal levels. When a global economic system works as well as ours does, we should just leave it alone.

Mr. Laffer is founder and chairman of Laffer Associates

Philadelphia Caba 18:00 GMT July 1, 2005 Reply   
What about buying kiwi tru mon/tue?

Dallas GEP 17:58 GMT July 1, 2005 Reply   
YEp USD/CAD 1.2430 I think might be great short next week

Philadelphia Caba 17:55 GMT July 1, 2005 Reply   
GEP, one more question, any idea about contra trend trade thru next week?

the netherlands purk 17:54 GMT July 1, 2005 Reply   
SpongeBob: good for you. I will keep following your posts. Still brandnew on trading the forex, and only laerned by following some people here, and made money as well, amazing after years of loss on the optiebeurs in Holland.
We have our own project here and he is smiling: we adopted a little boy from Haiti, so keep up the charity thing, but keep your hands on the buttons..
Regards
Purk

Philadelphia Caba 17:54 GMT July 1, 2005 Reply   
Okay GEP, have a nice weekend + great w/e for everyone and see you next week!

Hong Kong Ahe 17:52 GMT July 1, 2005 Reply   
Buying cheap NZD targetting 100 DMA 0.7182 NZD/USD for position traders.

Dallas GEP 17:52 GMT July 1, 2005 Reply   
well market looks dead for now

Dallas GEP 17:49 GMT July 1, 2005 Reply   
YEP Caba I am going to myself

Auckland peat 17:43 GMT July 1, 2005 Reply   
Goes SpongeBob 15:54 GMT July 1, 2005
glass of plain VODKA goes for bobl ... cheers !!!

well i;ve had a few of thsoe now! .... so I wont be doin any more trades tonite

hong kong nt 17:38 GMT July 1, 2005 Reply   
KIWITRADER -- great call on AUD/NZD..

Philadelphia Caba 17:36 GMT July 1, 2005 Reply   
Dallas GEP 17:15 GMT July 1, 2005

Thanks GEP, will keep it for test of .6725 mon/tue (??) IMO.

Halifax G.B 17:31 GMT July 1, 2005 Reply   
Thanks ,hope to get out without losses

Dallas GEP 17:30 GMT July 1, 2005 Reply   
BTW GB eur/jpy looks more LONG here than short

Dallas GEP 17:28 GMT July 1, 2005 Reply   
GB it is always better IMO to close possies over the weekend IMO except for perhaps some slower moving pairs. So if U can close even with a small loss I would.

Halifax G.B 17:25 GMT July 1, 2005 Reply   
I went in again at 133.45 after taking profits

Dallas GEP 17:21 GMT July 1, 2005 Reply   
Where are you short from on eur/jpy???

Dallas GEP 17:20 GMT July 1, 2005 Reply   
mAYBE NOT delboy, Just told you what I expect to happen NOT what will happen...no one knows that

Ldn Delboy 17:19 GMT July 1, 2005 Reply   
Dallas GEP 17:10 GMT
Good for you but you are not going to get it!

Halifax G.B 17:19 GMT July 1, 2005 Reply   
Hi GEP ,could you give me an advice about EUR/JPY ,I went short should I keep it too over the week-end ,Thank you .

hong kong nt 17:16 GMT July 1, 2005 Reply   
Crude oil -- 58.8..

Dallas GEP 17:15 GMT July 1, 2005 Reply   
YEP CABA, good thing about eur/gbp It won't kill ya normally

hong kong nt 17:13 GMT July 1, 2005 Reply   
will bc play solo on Monday?

Philadelphia Caba 17:13 GMT July 1, 2005 Reply   
GEP, it's okay keep eur/gbp shorts over the weekend? Closed some at ..6755. Thanks for advice!

Dallas GEP 17:10 GMT July 1, 2005 Reply   
I would expect a close on this euro today in the 1.1980-1.1990 range.

Miami OMIL (/:-> 17:08 GMT July 1, 2005 Reply   
The move was made by the bears on the eur/usd pair but not on Thursday as I thought it would be. Today the key support was taken out and positions were squared on the 1930-50 support. Long weekend with the US holiday coming up and I hope everyone enjoys his or her holiday safely. See you on the other side. Peace and GT

Ldn Delboy 17:06 GMT July 1, 2005 Reply   
Ok, europe market is closed, us market closed monday, time for profit taking and closing shorts. (Mind the bumpy road)

hong kong nt 17:05 GMT July 1, 2005 Reply   
EURO -- if 1.196 is our long awaited triangle breakout objective, why suddenly everyone becomes so USD bullish at this moment??

Gen dk 17:04 GMT July 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Ldn Delboy 17:02 GMT July 1, 2005 Reply   
Rye, NY et 16:59 GMT
charity strats at home!

Rye, NY et 16:59 GMT July 1, 2005 Reply   
Goes SpongeBob 16:44 GMT July 1, 2005
...make this world a better and happier place.
...never forget to help the needy whenever you can...

Worth repeating!...Good man!.........Good weekend...

Goes SpongeBob 16:54 GMT July 1, 2005 Reply   
quito_ecuador_valdez 16:47 GMT July 1, 2005

check you inbox.

Ldn Delboy 16:50 GMT July 1, 2005 Reply   
what is the next stop after eur 1.9150?

Naples DC 16:48 GMT July 1, 2005 Reply   
SpongeBob, sei grande

quito_ecuador_valdez 16:47 GMT July 1, 2005 Reply   
goes - pls ask Jay for my email..am interested in Nepal.

Goes SpongeBob 16:44 GMT July 1, 2005 Reply   
OK ... done with trading for this week, my core idea that EUR will not break below 1.1950 was wrong !!!


but, and most important ... FX trader cannot afford to sit and watch his money eaten by the snacks ... I am very happy with the trades I made today as it managed to provide myself and some of my projects in Nepal important money to make this world a better and happier place.

great w/e to you all and please never forget to help the needy whenever you can ,,, cheers!

la oleg 16:39 GMT July 1, 2005 Reply   
Rye, NY et 16:34 // thank you for your kind words. your excellent posts are very much appreciated as well... good weekend to you.

Rye, NY et 16:34 GMT July 1, 2005 Reply   
la oleg 16:28 GMT July 1, 2005
It could very well be...as I read the chart---
particularly if we go into a wide range for the rest of the summer-- as last summer....all, of course, imho..........
Thank you, for your good posts, by the way...Good Trades and Good Weekend...

Goes SpongeBob 16:33 GMT July 1, 2005 Reply   
FHR, it's OK ... I start to learn trading. :-)


gt

la oleg 16:28 GMT July 1, 2005 Reply   
ET 16:16 // are you thinking something along the lines of:
hong kong nt 03:49 GMT July 1, 2005
Euro -- First trading day of 2005H1 marks the high for H1. Would first trading day of 2005H2 marks the low for H2 ??

GER ad 16:28 GMT July 1, 2005 Reply   
EUR/USD.
1/2 position closed at 1.1960
S/L for the rest moved at cost

gold coast martin 16:28 GMT July 1, 2005 Reply   
quito_ecuador_valdez 16:12 GMT July 1, 2005
lol...bob is kidding Chuck...he has a very good sense of humour....plus a caring nature....g.t/////..post more often......g.t.

melbourne farmacia 16:27 GMT July 1, 2005 Reply   
KL - done for today mate..

Gen dk 16:26 GMT July 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

KL KL 16:25 GMT July 1, 2005 Reply   
ok locking in my 3 pips profit and off to rest .... I think that was the low for the next few days...unbelieveable trading day...from boring afternoon to terror now!!

KL KL 16:23 GMT July 1, 2005 Reply   
farmacia - you longing gbpusd or still watching this fast and furious action. I think time to long ...tp coming in early today

KL KL 16:20 GMT July 1, 2005 Reply   
long eurusd 1.1948 sl 39 let see

melbourne farmacia 16:20 GMT July 1, 2005 Reply   
lax-lgb SNP 16:06 GMT - gbp 1.7677/80 = nice chart point. GT

Manilkara 16:19 GMT July 1, 2005 Reply   
Martin, THANKS, MANY MANY THANKS!!!

Rye, NY et 16:16 GMT July 1, 2005 Reply   
fwiw...It's being the first day of the quarter, some traders might wish to take advantage of thinning liquidity in order to mark a major inflection point...

Shanghai dld 16:16 GMT July 1, 2005 Reply   
NY Z thanks, that historical data up to 1st q 2005 is enough for me now, just need to adjust some formula ..

Geneva 16:14 GMT July 1, 2005 Reply   
or long gbp from 1.85xx

FHR Geneva 16:12 GMT July 1, 2005 Reply   
Sponge better trade demo account than to buy euro as your post yesterday buying euro at 1.2060/50/ etc. Your stop is going to be hit soon

GER ad 16:12 GMT July 1, 2005 Reply   
Small long EUR/USD at 1.1943
S/L under figure

quito_ecuador_valdez 16:12 GMT July 1, 2005 Reply   
If Marty trades on demo, it is sitting beside his fund's platform across from the article he is writing for Switzerland's biggest bank.

Rye, NY et 16:11 GMT July 1, 2005 Reply   
Rye, NY et 15:52 GMT July 1, 2005
Eur/Usd short 1.1960 for 1.1941

If 1.1941 breaks, then it's down to 1.1924, which is a major medium term level. We can easily look for a bounce from there to 1.2250...imho

gold coast martin 16:11 GMT July 1, 2005 Reply   
Goes SpongeBob 16:04 GMT July 1, 2005
lol....

San Juan Lil 16:10 GMT July 1, 2005 Reply   
yes, my 1.1982 sell signal payed off nicely, next is 1.1939 but getting off here. good wkd everyone!

Helsinki iw 16:10 GMT July 1, 2005 Reply   
Just back from a few weeks off to see the euro break the 1.1950/60 level. This is quite bearish for the April/May lows of last year and possibly lower towards 1.15++. Will try to sell the next rally, once I get settled again next week.

chgo JB 16:10 GMT July 1, 2005 Reply   
Rye, NY et 15:52 GMT July 1, 2005
Eur/Usd short 1.1960 for 1.1941

nice

KL KL 16:09 GMT July 1, 2005 Reply   
in long gbpusd 1.7687 sl 80 lets see...unbelieveable

Tokyo HL 16:09 GMT July 1, 2005 Reply   
Can i start singing? anyone care for karaoke?

Toronto 16:09 GMT July 1, 2005 Reply   
Goes SpongeBob 16:04 GMT July 1, 2005

don't u mean Bahrain...?


j/k Bahrain....

chicago goofy 16:07 GMT July 1, 2005 Reply   
ooopps, still a bit early. looked for 150 pips for Friday. Thats it, otherwise 200 extreme range today. CABA. Same to you.

lax-lgb SNP 16:06 GMT July 1, 2005 Reply   
lax-lgb SNP 03:05 GMT June 23, 2005
Gold is dizzy @ these heights ... 428 after 432 ;-)

hope the ride has been fun for everyone
since GBP/$ overshot most expectations by a coupla cents i am looking @ sterling-related crosses - cable's fall can be attributed to GBP/CHF and EUR/GBP moving towards GBP strength for almost 25 days of June and giving it all up in the last 96 hours
if GBP's minor brethren stabilise and make gains then i expect GBP to make a comeback
p.s. happy ID4 to everyone :-)

Goes SpongeBob 16:04 GMT July 1, 2005 Reply   
toronto, Martin trades only demo account ... he is not loving fx trading enough to invest money ... lol

gt

Toronto 16:01 GMT July 1, 2005 Reply   
Goes SpongeBob 15:57 GMT July 1, 2005

poor geneve and what does DEMO a/c mean?

Philadelphia Caba 16:00 GMT July 1, 2005 Reply   
chicago goofy 15:55 GMT July 1, 2005

Good job with aussie, goofy. Good w/e!

NY Z 15:58 GMT July 1, 2005 Reply   
up to date implied vols you will not get for free...
BBA has some decent data but they update the series with a month lag
http://www.bba.org.uk/bba/jsp/polopoly.jsp?d=129
I asked my broker to give me indicative implied vol quotes in the morning...what exactly are you trying to do?
If you want to know what the current vol implied by the market is then you can just use BS and back it out (all other inputs are known)...if you want to do time series analysis...then you have to pay up (B.l.o.o.m.berg, R.eut.ers, Ol.sen etc) get my email from JAy if you want to discuss it further

Goes SpongeBob 15:57 GMT July 1, 2005 Reply   
let's give credit for the following:

geneve 19:08 GMT June 14, 2005
bUYING EURO HERE STOP 1.1925



gt

chicago goofy 15:55 GMT July 1, 2005 Reply   
DLD, Ihformagm is news vendor. Search it no dash after I

nice weekend everyone, i closed my euro short 1.2280 here. aussie short 0.7780 here, thinking people might leave early today. See you next week. Cant achieve this incredible work without FF. Bye!

DC BK 15:54 GMT July 1, 2005 Reply   
Well, that was fast, I'm back in an open eur/usd short--based on discussion that one should wait to "get through" 1.1966 area, earlier I set up a sell at 1.1955 (sl 1.2100 tp 1.1800) thinking it wouldn't get there for a while if at all this week--hope it makes it through the weekend into next week....only position I'll hold until then. Have a good weekend all.

Goes SpongeBob 15:54 GMT July 1, 2005 Reply   
glass of plain VODKA goes for bobl ... cheers !!!

Dallas GEP 15:52 GMT July 1, 2005 Reply   
YEs I closed half and am keeping half ANDRAS

Rye, NY et 15:52 GMT July 1, 2005 Reply   
Eur/Usd short 1.1960 for 1.1941

quito_ecuador_valdez 15:51 GMT July 1, 2005 Reply   
Speaking of long time no see, will be happy when bobl returns here after setting up his new headquarters in that beautiful offshore paradise with palms. fancy pineapple cocktails and georgeous tropical beach girlz. Yo Bob! His city changed but not our bobl.

Shanghai dld 15:48 GMT July 1, 2005 Reply   
chicago, thanks, but who is I_nformagm ? NY, i need majors and eurgbp % volatility figures to put in my formula for options calc, thank you

van revdax 15:47 GMT July 1, 2005 Reply   
Looking back in restrospective
==========================
van revdax 21:29 GMT June 29, 2005
Tomorrow's Special(Jun 30)///Jun 30...Buy $/CAD (buy US$ and sell Canadian). Please observe the impact of this turning point signal on the other currencies.

quito_ecuador_valdez 15:44 GMT July 1, 2005 Reply   
Goes, si amigo..all is quite well..working on a project that's all. Once that's launched will be back on board here. GT amigo.

Pecs Andras 15:42 GMT July 1, 2005 Reply   
GEP
Are you still in your EUR/GBP short?
I have a great entry at 6793 and wondering how long to hang on to it.

Goes SpongeBob 15:40 GMT July 1, 2005 Reply   
hi valdez, long time no seen .... hope everything is on the smiling side with you.

gt

quito_ecuador_valdez 15:39 GMT July 1, 2005 Reply   
DC BK 15:34 GMT July 1, 2005 // you have picked the pros who help you most and won. That's what this forum is all about. Traders helping traders. Your only debt is someday you can offer help too. Glad to have you aboard. GT, good w/e, enjoy the 4th.

Goes SpongeBob 15:38 GMT July 1, 2005 Reply   
martin, you just proved that also someone with DEMO a/c knows about trading

gt

chicago goofy 15:38 GMT July 1, 2005 Reply   
dld shanghai, if you look at vol of each pair. I know I_nformagm does. But they charge you $500 per month with other spot services.

Atlanta South 15:37 GMT July 1, 2005 Reply   
Gold Coast Martin//
ref 15:00 I agree & tks. gt

DC BK 15:36 GMT July 1, 2005 Reply   
2 weeks with no questions from me--I guess it was a relief to some but lack of entertainment for others.

NY Z 15:35 GMT July 1, 2005 Reply   
Shanghai, what kind of vol do you need?

Atlanta South 15:35 GMT July 1, 2005 Reply   
JB///Without a doubt, I bet he did. gt

DC BK 15:34 GMT July 1, 2005 Reply   
Thank you all (regulars on the board) as I've been following everyone and especially Martin's general thoughts, for the past 2 I've focused on getting my Aussie positions to profit at 7547 ( and of course they closed today with profit) and my eur/usd set for 1.2000 (and it closed nicely, too, just now). I guess I'll be back to asking stupid questions next week. Good weekend all, good luck and good trades.

Tokyo HL 15:33 GMT July 1, 2005 Reply   
Rio if you reading this. told you so im leaving everything for the weekend maybe i wake up on monday we a bigger smile in my face. have a nice weekend

Indianapolis mkt 15:32 GMT July 1, 2005 Reply   
Indiana

ldn red 15:31 GMT July 1, 2005 Reply   
cable, interest below figure more mixed

Dallas GEP 15:29 GMT July 1, 2005 Reply   
UR welcome !! How is Utah????

Shanghai dld 15:28 GMT July 1, 2005 Reply   
Pls tell me where i can get volatility numbers ?

quito_ecuador_valdez 15:27 GMT July 1, 2005 Reply   
My post 2 days ago:
quito_ecuador_valdez 15:00 GMT June 29, 2005
The pattern has been on an illogical spike such as this, it's setting itself up for a short....
GT today, have a fine birthday U$A.

Bris TW 15:26 GMT July 1, 2005 Reply   
I would also say an excellent job by Qindex on the weekly AUD/USD call as the market stopped dead exactly at the lower barrier.

The week isnt over yet but I wont be opening any new trades. Good weekend all.

gold coast martin 15:26 GMT July 1, 2005 Reply   


Toronto 15:22 GMT July 1, 2005
17485 ...good base for back to 181...have to wait until months end though...g.t

Indianapolis mkt 15:24 GMT July 1, 2005 Reply   
Dallas, went short eur/usd @ 12108 when you talk about shorting. I have move stop to 12005 thanks for drawing my attention to this trade. Your old M & M pal.

Dallas GEP 15:24 GMT July 1, 2005 Reply   
euro long at 1.1972 now with TP at +20pips

Toronto 15:22 GMT July 1, 2005 Reply   
thanks martin,

I want to get a gbp long to hold forever.....where do u suggest?

SanFrancisco analyst 15:17 GMT July 1, 2005 Reply   
Today's US data was all strong again, but the one troubling area is the demand for US exports which is very weak, part global slowdown, part pricing, part relative currency valuation.

KL KL 15:16 GMT July 1, 2005 Reply   
Well I am long some Gold at 427.9 cannot believe it drop over 9 bucks....this trade maybe better than crude

Bris TW 15:15 GMT July 1, 2005 Reply   
Well done to Qindex as Euro bounced off his weekly critical level. Market seems to be loosing momentum and could be doubtful the low will be seen again today.

gold coast martin 15:15 GMT July 1, 2005 Reply   
Toronto 15:10 GMT July 1, 2005
17693 could work for a long to 17738 but it is against momentum..as ny session(due to holidays) wears on liquidity is drying and so is fluid movement....so r/r not that good.....g.t...

St John's ET 15:15 GMT July 1, 2005 Reply   
Significant break above the daily triangle from 26th to now with USD / CAD, will most likely see more upside for a while unless significant drop before close.

Philadelphia Caba 15:13 GMT July 1, 2005 Reply   
Dallas GEP 15:10 GMT July 1, 2005

Thanks GEP.

Melbourne OSK 15:11 GMT July 1, 2005 Reply   
EURUSD could see 1.200 again and that's it for the week

Dallas GEP 15:11 GMT July 1, 2005 Reply   
6716 I mean

Toronto 15:10 GMT July 1, 2005 Reply   
mr. martin,
what do you think of a gbp long from here?

Dallas GEP 15:10 GMT July 1, 2005 Reply   
well as posted I already TP on the last set from 6787 and the rest we probably won't get done until NEXT week at around 6617 IMO

Gen dk 15:08 GMT July 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Auckland peat 15:08 GMT July 1, 2005 Reply   
thx to the queensland guru the account reaches new highs.. but yeh am flat now - cant believe i got 50 more pips out of the kiwi today...
did have to chuck one Eur short out at the high today... loss of courage but the remaining ones more than compensated. its easy in hindsight to have remained steadfast but leverage is a double edged sword.
good weekend everyone - 3 am here i goin out for some snifters....

gold coast martin 15:07 GMT July 1, 2005 Reply   
Lahore FM 15:03 GMT July 1, 2005
yeap ...it has.....cad right now forming floor at 122289-12308 for a long position trade to 127...g.t..

Ldn Delboy 15:06 GMT July 1, 2005 Reply   
Are the banks open tomorrow?

Philadelphia Caba 15:04 GMT July 1, 2005 Reply   
GEP, updated view on eur/gbp? t/p levels? thanks.

Lahore FM 15:03 GMT July 1, 2005 Reply   
Martin would you not say that USD/CAD move to 1.2080 has aborted and the uptrend has resumed prematurely?TIA.

Toronto 15:03 GMT July 1, 2005 Reply   
OMG my stupid cad longed has nearly healed!!!

Amsterdam tr 15:03 GMT July 1, 2005 Reply   
shrot = short

Amsterdam tr 15:02 GMT July 1, 2005 Reply   
shrot Eur/Usd 1.1970

chgo JB 15:02 GMT July 1, 2005 Reply   
Atlanta South 14:56 GMT July 1, 2005
Gold Coast Martin
Do u thinks the Great One is starting to sweat??? That level is sure in view. gt

I'm sure he hedged his positions a long long time ago...

ldn red 15:02 GMT July 1, 2005 Reply   
usd/cad sell [email protected]

Ldn Delboy 15:02 GMT July 1, 2005 Reply   
Martin, once agin, hats off to you. You are worth of gold.

KL KL 15:01 GMT July 1, 2005 Reply   
Well I am out all with a few pips looking to long again....basing here imho

in again long gbpusd 1.7713 sl 05...just attack on any dips

gold coast martin 15:00 GMT July 1, 2005 Reply   
Atlanta South 14:56 GMT July 1, 2005
not yet...lol..hee can always shift canons ahead of that level in order to deflect the market from that level...but when close he will surely become the hunted rather than the hunter ...like all the others...g.t

chicago goofy 15:00 GMT July 1, 2005 Reply   
Thank you Martin.

San Juan Lil 14:59 GMT July 1, 2005 Reply   
gold coast guru,
very accurate! many many thanks!

Ldn Delboy 14:58 GMT July 1, 2005 Reply   
gold coast martin 14:56 GMT
Thanks again, they are hedged anyway, not any loss to me!

Minneapolis DRS2 14:58 GMT July 1, 2005 Reply   
Martin, many thanks...I have made lots of pips this month, and have learned a lot about the value of patience...

moscow mi 14:57 GMT July 1, 2005 Reply   
hong kong nt 14:52 GMT July 1, 2005
hi. where is stop on euro core long from 1975? i place my 1930... please re... or load yim. tia...

Atlanta South 14:56 GMT July 1, 2005 Reply   
Gold Coast Martin
Do u thinks the Great One is starting to sweat??? That level is sure in view. gt

gold coast martin 14:56 GMT July 1, 2005 Reply   
Gold Coast martin 00:17 GMT June 21, 2005
EURO:TODAYS TOP :12173 should cap with a low of 12041 which WILL confirm the 11966...since we had the bounce in euro on friday i only expect a shallow bounce of 45-50 pips from 11966...A particular level to watch is 11655...once this level starts to be threatened there will be one trader from Omaha who will be sweating a fair bit....under the 11655 the is only parity..dont think we will breach 11655 but with current economics in EZ market may decide the future of a few large scale traders...after 11966,,levels to watch forconfirmation of moredownside are:11874,11821,11754,and the big one 11655....g.t

11966 HIT...ABOVE IS STILL VALID FOR FUTURE DIRECTION.....i think i have done my quota of postings for today...g.l and trade safe....


DELBOY....PARTIALLY take profit at 17725 and let some run to 17692....g/t

istanbul e.t 14:55 GMT July 1, 2005 Reply   
DEAR MARTIN

CHEERS FROM ISTANBUL... TOOK YOUR ADVISE AS WELL ON EURO/USD AND ENJOYING THE RESULT... WILL FURTHER SELL ONCE WE CLEARLY SEE THAT 1.1966 BROKEN. TESEKKURLER.

KL KL 14:54 GMT July 1, 2005 Reply   
ok long eurusd 1.1966 sl 59 keeping it for 20 years...LOL...buffet must be happy giving you all some of his billions

St John's ET 14:54 GMT July 1, 2005 Reply   
Cable should be well protected around 1.7700-17710, but run for cover on a break of that if you're longing!

ldn red 14:54 GMT July 1, 2005 Reply   
euro [email protected]~

Ldn Delboy 14:52 GMT July 1, 2005 Reply   
Martin, i still have a few GBP long positions with 500 pips on the clock! any use for keeping them?

hong kong nt 14:52 GMT July 1, 2005 Reply   
KL -- thanks, same same on GBP now...

Atlanta South 14:51 GMT July 1, 2005 Reply   
Gold Coast Martin///Another Great Call on E/$. Patience, Patience & Patience, but sometimes its hard to sit & watch things go against your position.....I am now flat & out for the weekend. The proof is in the results. My system printed low so far @ 11962. Tks again Martin & have A Great Weekend.

Melbourne OSK 14:50 GMT July 1, 2005 Reply   
(USD BULL) To be or not to be?

Gen dk 14:49 GMT July 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

KL KL 14:49 GMT July 1, 2005 Reply   
ok all out gbpusd 1.7716.....SAR and long ...here sl 1.7709....amazing collection day....I knew near here they will play the stoppies. Also out eurjpy....nice collect too.. Bugger the gbpusd...waiting long to get the trade confirm so buying in smaller parcels that tells me lots of buyers here or something is brewing

nt- I really don't know about crude at the moment but I am looking to long near 56 better 55.xx... charts are telling me to wait ...wait...no hurry to attack yet

Ldn Delboy 14:49 GMT July 1, 2005 Reply   
bye bye china town (eur=1.965)

Auckland peat 14:48 GMT July 1, 2005 Reply   
my exact postion is a bit unclear at this stage
i still have limits unfilled that are 40 points higher ??
but its all good
was only on 1/5th of the short...

ldn red 14:48 GMT July 1, 2005 Reply   
cable interest seen just below the figure

St John's ET 14:47 GMT July 1, 2005 Reply   
Just a little blurb I got from IFR - Another barrier with a very large payout of near $20 mln is seen at
1.1975, dealers report. Look for a good two-way battle.

gold coast martin 14:47 GMT July 1, 2005 Reply   
St John's ET 14:44 GMT July 1, 2005
lol...

SA Novice 14:46 GMT July 1, 2005 Reply   
Martin, thank you. Didn't listen to you and bought GBP yesterday, listened to you today, recovered losses with Euros.

San Juan Lil 14:46 GMT July 1, 2005 Reply   
i believe this is the end of the range we've been in for the last few weeks and back to the trend!! good trades all.

St John's ET 14:44 GMT July 1, 2005 Reply   
Someone just got a nice 20 mil payout on their 1.1975 option!

Goes SpongeBob 14:44 GMT July 1, 2005 Reply   
cheers martin .... 1.1700 is all yours !!


gt

Toronto 14:43 GMT July 1, 2005 Reply   
lol

Toronto MRC 14:43 GMT July 1, 2005 Reply   
I am in new territory and don't know how to read this. Flat through the weekend.

Amsterdam tr 14:42 GMT July 1, 2005 Reply   
thanks Martin

San Juan Lil 14:42 GMT July 1, 2005 Reply   
sub 1.1982 triggers a sell in my system, lol

gold coast martin 14:41 GMT July 1, 2005 Reply   
Amsterdam tr 14:38 GMT July 1, 2005
wait until 11966 is breached..if it does there will be not much chance of a retracement over 120...allthe way to 11655 after that......g.t

Ldn Delboy 14:41 GMT July 1, 2005 Reply   
Jay, sorry, i am a bit exited today! Am I over my daily ration?

Dallas GEP 14:40 GMT July 1, 2005 Reply   
JB NO the shorts from 6787

Amsterdam tr 14:38 GMT July 1, 2005 Reply   
gold coast martin

At what level can we short again?
thanks

Ldn Delboy 14:38 GMT July 1, 2005 Reply   
gold coast martin 14:36 GMT
I have no seat belt! I am sitting in a chair in my leaving room!

hong kong nt 14:38 GMT July 1, 2005 Reply   
GBP -- closed intra-day shorts...

Goes SpongeBob 14:38 GMT July 1, 2005 Reply   
gold coast martin 14:36 GMT July 1, 2005

you have less then two hours for that

gt

chicago goofy 14:38 GMT July 1, 2005 Reply   
byebye

Gen dk 14:37 GMT July 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

chgo JB 14:36 GMT July 1, 2005 Reply   
Dallas GEP 14:32 GMT July 1, 2005
HELLLL yes... closed some eur/gbp shorts rest are running

the shorts from 0.6750...?

gold coast martin 14:36 GMT July 1, 2005 Reply   
lol...3rd sub 120 touch will mean good night 12039...fasten your seatbelts...lol...

chicago goofy 14:35 GMT July 1, 2005 Reply   
Thank you guys. It is impossible to tell the force of bull and bear on my side.

Ldn Delboy 14:34 GMT July 1, 2005 Reply   
I will never order chinese takeaway again if Euro goes back above 1.2000

Amsterdam tr 14:32 GMT July 1, 2005 Reply   
Ldn Delboy 14:29 GMT July 1, 2005
Martin, remind me plz. what are we aiming for (EUR)?


euro is being replaced by us$ all over europe

beirut jb 14:32 GMT July 1, 2005 Reply   
As I said earlier eur/$ break hourly range , and bias is south as favored ,I hope u guys in right direction


have a nice week end all,

i just made my week so no need to stay more

GL GT

Ldn Delboy 14:32 GMT July 1, 2005 Reply   
chicago goofy 14:30 GMT
Going thru all the barriers and stops can take a while and can be very very bumpy

Dallas GEP 14:32 GMT July 1, 2005 Reply   
HELLLL yes... closed some eur/gbp shorts rest are running

gold coast martin 14:31 GMT July 1, 2005 Reply   
fwiw...if euro manages to stay under 120 for 35 minutes and take out 11966(which is a crucial level) then the Oracles 11655 will be challenged ..the battle has just started....g/t

Auckland peat 14:31 GMT July 1, 2005 Reply   
goofy
go to the fxcharts on the left

Gen dk 14:31 GMT July 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

chicago goofy 14:30 GMT July 1, 2005 Reply   
IS there much activity going on??

Rye, NY et 14:30 GMT July 1, 2005 Reply   
Toronto 14:16 GMT July 1, 2005
fwiw...
Rye, NY et 05:42 GMT July 1, 2005
Eur/Usd: If the USD buying continues throughout the day and the market goes for the handle, then I would imagine we bottom out at 1.1987...although 1.1967/4 is possible.

Goes SpongeBob 14:29 GMT July 1, 2005 Reply   
Ldn Delboy 14:19 GMT July 1, 2005

it is every person who knows what the US deficit means, everybody giving hand to the USA by bringing their own bad news out, which are bad as of the US. therefore, the 1.7K pips barrier from 2004 high will tell us more ... price now is 1.1985 .... hehehe

gt

Ldn Delboy 14:29 GMT July 1, 2005 Reply   
Martin, remind me plz. what are we aiming for (EUR)?

Minneapolis DRS2 14:29 GMT July 1, 2005 Reply   
Lots of Euro pips yum yum yum...

Auckland peat 14:29 GMT July 1, 2005 Reply   
my limit at 1.2017 hasnt gone through yet
can i cancel it lol

Ldn Delboy 14:27 GMT July 1, 2005 Reply   
yahooooooooooooooooooooooo

Melbourne OSK 14:27 GMT July 1, 2005 Reply   
Jerks! 12 pips slippage on short order for a quick ride on USDCHF!

Ina mr.co'z 14:27 GMT July 1, 2005 Reply   
Nice martin...GL! :-)

San Juan Lil 14:27 GMT July 1, 2005 Reply   
guess the $$ ninjas must be in town! lol

Amsterdam tr 14:26 GMT July 1, 2005 Reply   
SUB 1.20... Martin Great Call as always

chicago goofy 14:26 GMT July 1, 2005 Reply   
hello??? is my platform problem? I want to watch the battle/

Amsterdam tr 14:24 GMT July 1, 2005 Reply   
what a battle field here......

chicago goofy 14:24 GMT July 1, 2005 Reply   
suddenly all stop moving?

gold coast martin 14:23 GMT July 1, 2005 Reply   
Ldn Delboy 14:21 GMT July 1, 2005
yeap ...but running out of ammo..lol...

gold coast martin 14:22 GMT July 1, 2005 Reply   
Brisbane WS 14:17 GMT July 1, 2005
lol..NO..Just the weekly postion..if you read my posts ,my targets when hit ,confirm the next level...so i always leave some open for the next level...anyway as i posted here for a few weeks 7447 level is the key to more downside....thats the one i am looking at now....g.t...

Ldn Delboy 14:21 GMT July 1, 2005 Reply   
As martin said, MIND the SHARKS under 1.2000

hong kong nt 14:21 GMT July 1, 2005 Reply   
GBP -- continue to stay below 18 sma on 30-min and zero line on rsi, likely to see minor low (1.769) before bounce...

Zagreb MV 14:21 GMT July 1, 2005 Reply   
Hi Brisbane

Ldn Delboy 14:19 GMT July 1, 2005 Reply   
Goes SpongeBob 14:18 GMT
Do you think it is chineese too?

Mnsk Bud 14:18 GMT July 1, 2005 Reply   
Its intrstng, where is the eurusd stops...

Goes SpongeBob 14:18 GMT July 1, 2005 Reply   
Ldn Delboy 14:10 GMT July 1, 2005

better say, too light pockets trying to take over 1.1980 ... bye

gt

Brisbane WS 14:17 GMT July 1, 2005 Reply   
Martin, pardon my ignorance but, "target 7547 hit , now closed" does that mean all positions that were opened relevant to the target of 7547 are closed and banked, and now new positions are opened, at the closed target level, in pursuit of the new target 74xx?
tia

hong kong nt 14:16 GMT July 1, 2005 Reply   
KL -- do you agree crude 56.0 maybe bottom for next few days?

Melbourne OSK 14:16 GMT July 1, 2005 Reply   
USDCAD trading at the upper level of the last days range, opportunity for ninjas!

Toronto 14:16 GMT July 1, 2005 Reply   
whats the next sig level of supprt of euro?

KL KL 14:15 GMT July 1, 2005 Reply   
ok more shorts again for gbpusd again at 1.7765

Auckland peat 14:15 GMT July 1, 2005 Reply   
correction Delboy
they *were* rich

Ldn Delboy 14:14 GMT July 1, 2005 Reply   
Dive started

Toronto 14:11 GMT July 1, 2005 Reply   
that bounce was expected...how many times has it bounced off that level

Ldn Delboy 14:10 GMT July 1, 2005 Reply   
whoever is defending Eur must be very very rich!

Gen dk 14:10 GMT July 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

melbourne farmacia 14:10 GMT July 1, 2005 Reply   
KL - No reading for ASX...just 4 th july week... did find the ninja site via US based Al-Qeada site. lol.. don't tell ASIO

Toronto 14:09 GMT July 1, 2005 Reply   
out + 7....short again

the netherlands purk 14:09 GMT July 1, 2005 Reply   
is=I

the netherlands purk 14:08 GMT July 1, 2005 Reply   
Everybody can wait for the 1,20 now is closed my shorts euro.
Good luck there!
Purk

Ldn Delboy 14:05 GMT July 1, 2005 Reply   
Now see if that bxxxd can defend this one! if they do I will never trade Eur again.

Toronto 14:05 GMT July 1, 2005 Reply   
ism good...short euro...lol....happy delboy?

PAR 14:04 GMT July 1, 2005 Reply   
I am humbled to think USD/JPY will get back to conservative target of 200 ..

usa G-8 14:04 GMT July 1, 2005 Reply   
THX GLOBAL VIEW

Philadelphia Caba 14:03 GMT July 1, 2005 Reply   
US ECON: ISM Improved to 53.8 in June; Orders Picked Up

Global-View JGVI 14:02 GMT July 1, 2005 Reply   
GVI Jay 14:01 GMT July 1, 2005
ISM PMI 53.8 vs. 51.4 in May
Employment 49.9 vs. 48.8 in May

Ldn Delboy 14:02 GMT July 1, 2005 Reply   
ISM PMI at 53.8%

SA Novice 14:01 GMT July 1, 2005 Reply   
Maybe I should try again!

DAaaaaaaaie!!!

La morte d'Euro.....(chant chant chant)

Toronto 14:01 GMT July 1, 2005 Reply   
number?

Beijing Laowen 14:00 GMT July 1, 2005 Reply   
GEP, my system showed Eur/Gbp will go up from 0.6780 up to at least 0.6815. FYI and GT!

Ldn Delboy 14:00 GMT July 1, 2005 Reply   
Dive!

SA Novice 13:59 GMT July 1, 2005 Reply   
Die Euro Die!!
...waiting for 12040

KL KL 13:58 GMT July 1, 2005 Reply   
C Confidence - looks good lets see...still doing line dance at the moment...my hands on trigger once it starts moving against me!!

Farmacia - yes I saw it ....some think it is a methodology for forex trading.....and need to dress like that to trade......kind of reminds me of those Al-Qeada dress....maybe they are related.. If I did dress like that it would obstruck my view to one of my monitor....and I might be struggling to breath.....LOL

btw have any turn date for ASX...same as US 4th July...seems like turn date for lots of index like FTSE. about there too..etc...can you confirm??TIA

beirut jb 13:57 GMT July 1, 2005 Reply   
no move on michigan, market waiting ISM

Dallas GEP 13:56 GMT July 1, 2005 Reply   
Yogii Berra once said Baseball is 50% mental and the other 80% is mental.


Yogi couldn't count either!!!

Melbourne OSK 13:53 GMT July 1, 2005 Reply   
Ha! great Ninja site

Out of USDCHF long +30

San Juan Lil 13:51 GMT July 1, 2005 Reply   
ldn, yeah, sorry, i just look at the euro, and you're right, it's not over til its over. lol

Philadelphia Caba 13:50 GMT July 1, 2005 Reply   
US ECON: Michigan Sentiment Revised Up to 96.0 in Late June

Toronto 13:50 GMT July 1, 2005 Reply   
isn't u of m out now? any data?

Dallas GEP 13:50 GMT July 1, 2005 Reply   
I am also having problem counting this morning!! LOL

Dallas GEP 13:49 GMT July 1, 2005 Reply   
Pippirate I could always think faster than I could talk or type. GENETIC disorder!!! LOL

Ldn Delboy 13:48 GMT July 1, 2005 Reply   
San Juan Lil 13:40 GMT July 1, 2005
noneventful day? what else do you want? GBP/USD & UDS/JPY and the rest have moved more than 200 pips up and down!

And I think, as long as ISM is above 50, Eur is going to break too.

Stockholm za 13:47 GMT July 1, 2005 Reply   
oooopppss..........

Wash Trading:-
"Entering into, or purporting to enter into, transactions to give the appearance that purchases and sales have been made, without incurring market risk or changing the trader's market position. The Commodity Exchange Act prohibits wash trading. Also called Round Trip Trading, Wash Sales. "

Toronto 13:47 GMT July 1, 2005 Reply   
San Juan,

that was so funny....
"I heard that there was this ninja who was eating at a diner. And when some dude dropped a spoon the ninja killed the whole town. "

San Juan Lil 13:45 GMT July 1, 2005 Reply   
boys will be boys, lol

Rivonia PipPirate 13:44 GMT July 1, 2005 Reply   
Dallas GEP 13:27 GMT July 1, 2005
But NO tornto, I have no gbp/usd possies PRESEWNTLY.....sounding more and more like Elma Fudd LOL Whats up doc?

Dallas GEP 13:42 GMT July 1, 2005 Reply   
I meant 54 pip range on eur/gbp today

the netherlands purk 13:41 GMT July 1, 2005 Reply   
what is wrong with my possies delboy?
Purk

Toronto 13:41 GMT July 1, 2005 Reply   
http://www.realultimatepower.net/ninja/ninja2.htm


melbourne F....thank u

Auckland peat 13:41 GMT July 1, 2005 Reply   
i've heard of dead cat bounces but seemingly kiwis dont bounce very well either!

San Juan Lil 13:40 GMT July 1, 2005 Reply   
farmacia, could you post the ninja link again? some of us could use a good laugh on this noneventful day... tia

Dallas GEP 13:40 GMT July 1, 2005 Reply   
Pull up a daily chart on eur/gbp and 2 days ago you see range of 74 pips (6624-6698), yesterday 83 pips (6678-6761) and TODAY so far 43 pips (6743-6797). So for last 3 days (6624-6797 = 173 pips). 38% fib point then based on the last 3 days is 6690. THAT should be seen Monday or Tuesday SOONER if euro breaks down today.

London 13:38 GMT July 1, 2005 Reply   
IMM players on the bid USD/CAD

moscow mi 13:37 GMT July 1, 2005 Reply   
maybe i am wrong, but i have a feeling euro close tonight above 1.21+

Ldn Delboy 13:37 GMT July 1, 2005 Reply   
the netherlands purk 13:33 GMT July 1, 2005
Stop talking about "possies" on the FF forum!

Toronto 13:36 GMT July 1, 2005 Reply   
I'm good Purk,
nothing open presently...had a eur jpy target last nite that hit..flat now waiting for data to decide next move...


melbourne farmacia 13:33 GMT July 1, 2005
That site is the funniest censored i have ever seen

Philadelphia Caba 13:34 GMT July 1, 2005 Reply   
gold coast martin 13:30 GMT July 1, 2005
AUD,,,,7547 weekly target hit....now closed.....g.t....

Another great call Martin, thanks!
Shoulda, coulda, woudla wait longer! GT!

the netherlands purk 13:33 GMT July 1, 2005 Reply   
Toronto man, everything ok here. Shorted eur a few times. now eur/jpy short. I shorted this one a few times already. now 2 open with loss.
Your possies are?
Regards
Purk

melbourne farmacia 13:33 GMT July 1, 2005 Reply   
KL KL – yeah.. nothing like a 360 odd pip swing friday..... u check out that ninja link i posted yet ?

Toronto 13:33 GMT July 1, 2005 Reply   
Ldn Delboy 13:31 GMT July 1, 2005

haha I think it will go down a bit in the next week, but look at it...it just keeps getting hit...poor thing

Ldn Delboy 13:31 GMT July 1, 2005 Reply   
Toronto 13:28 GMT
No! Plz! I have lots of real money invested in GBP going down!

Toronto 13:31 GMT July 1, 2005 Reply   
hello Mr. Purk
how r things?

gold coast martin 13:30 GMT July 1, 2005 Reply   
AUD,,,,7547 weekly target hit....now closed.....g.t....

the netherlands purk 13:29 GMT July 1, 2005 Reply   
SpongeBob, how do you see the gbp/jpy today. all the action has been done. High 198,90. Do you see the thing go back to 199?
Groet
Purk

chicago goofy 13:29 GMT July 1, 2005 Reply   
Good Morning ALL!

KL KL 13:26 GMT July 1, 2005

Thanks for the morning laugh =))

Ldn Delboy 13:29 GMT July 1, 2005 Reply   
I HATE Eur!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Toronto 13:28 GMT July 1, 2005 Reply   
hahaha okay....
i'm kind of hoping for a bad ism number....
I feel bad for gbp, it needs to go up a bit

Dallas GEP 13:27 GMT July 1, 2005 Reply   
KL that is NOT significant 150-200 pips is significant

Dallas GEP 13:27 GMT July 1, 2005 Reply   
But NO tornto, I have no gbp/usd possies presewntly

KL KL 13:26 GMT July 1, 2005 Reply   
GEP - what do you mean no significant retracement for cable...last few hours down to 1.772x then up to 1.784x now heading down.....That to me is express retracement.....LOL


Still keeping my shorts on gbpusd and eurjpy....eurusd must break decisively 1.2050...lets hope soon for me to hold on to my shorts!!

Dallas GEP 13:26 GMT July 1, 2005 Reply   
Toronto, YES in a way....I am already short eur/gbp LOL

Toronto 13:25 GMT July 1, 2005 Reply   
Dallas,
are you long cable?

Goes SpongeBob 13:17 GMT July 1, 2005 Reply   
if someone has the doctor mood, then buy cable.
think that patient can make many people look good doctors.

gt

Melbourne OSK 13:16 GMT July 1, 2005 Reply   
USDCHF appears to have good resistance in this area 'cause although the info was slightly better than expected, the pair did not show a big up move. Maybe its time to cut the long.

Melbourne OSK 13:16 GMT July 1, 2005 Reply   
USDCHF appears to have good resistance in this area 'cause although the info was slightly better than expected, the pair did not show a big up move. Maybe its time to cut the long.

Tokyo HL 13:09 GMT July 1, 2005 Reply   
i would not touch the cable if i were you boys stick the euro seams safe enough

lax-lgb SNP 13:03 GMT July 1, 2005 Reply   
FWiW scaled out on aud/$ shorts

initiating gbpchf longs ...

Dallas GEP 13:03 GMT July 1, 2005 Reply   
A word of caution about cable...it can go up as fast as it came down so careful guys, it's Friday. We have had significant shorting for serveral days W/o any significant retracements

NJ RT 13:01 GMT July 1, 2005 Reply   
MARTIN .... thank you .... tight stop here ... we'll see

gold coast martin 12:58 GMT July 1, 2005 Reply   
NJ RT 12:52 GMT July 1, 2005
lol.. right now.. 7547 ....bounce to 7569-71....but careful as aud has been eating up defences steadily with no significant bounces....g.t

Madrid CAB 12:56 GMT July 1, 2005 Reply   
Good day all. This week last data .

GMT/CCY/Event/Cons./Prev.
1300 CHF Swiss Mfg PMI Jun 51.0 50.7
1345 USD U.S. U. Michigan senti Jun 93.5 86.9
1400 USD U.S.Construction spend. May 0.6% 0.5%
1400 USD U.S. ISM manufacturing Jun 51.0 51.4

GL/GT

Bahrain Within 10 Pips 12:54 GMT July 1, 2005 Reply   
Dow wants 10,000

Toronto 12:52 GMT July 1, 2005 Reply   
very well said ...its pretty much going to be a tight range, with traders weary of either longing or shorting at anything put extreme levels

NJ RT 12:52 GMT July 1, 2005 Reply   
Martin .... this will be a good level for long aussie ? .... you know - pip riding :) Thank you and GL

Goes SpongeBob 12:50 GMT July 1, 2005 Reply   
toronto,

we both agree blood, sweat and tears will be common commodity between 1.2370-1.2390 ... break there my trigger +++1.3000 ... yeah, only imo and fwiw

gt

Bahrain Within 10 Pips 12:46 GMT July 1, 2005 Reply   
Crude.
OK Long at 53.70..censored
Maybe toping at 62

Toronto 12:45 GMT July 1, 2005 Reply   
Spongebob,

its a tough call...i'd say1.18-1.24
but if I had to choose bewteen those two i'd say 1.20-1.26

KL KL 12:44 GMT July 1, 2005 Reply   
piling on my shorts now added at 1.7802 and will keep adding shorts every 15-25 pips in the direction of my shorts today till 1.77 is broken or near there...don't like it when Euro is holding 1.2050.

shorting eurjpy at 1.3421 sl 29.....just shorting the rally picking up the pips when it goes into my direction and get out before all my +ve pips gain gets eaten away....ninja on this

Goes SpongeBob 12:43 GMT July 1, 2005 Reply   
toronto,

which of the following possible €/$ summer ranges meets your view:

1.17 <<<=>>> 1.2300
1.20 <<<=>>> 1.2600

Sup.: 1.1950 ... 1.1700
Res.: 1.2180 ... 1.2380

Melbourne OSK 12:43 GMT July 1, 2005 Reply   
gold coast martin 10:31


Thanks Martin

beirut jb 12:37 GMT July 1, 2005 Reply   
hi traders,

eur/$ may break hourly rectangle patern 12023-12126 today

to test at least 122 20 or 119.5,bias now is south but US data likely to give final direction,

it whould be very strange if this patern not broken today ahead of long week

GL GT

Gen dk 12:34 GMT July 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Melbourne Qindex 12:33 GMT July 1, 2005 Reply   
Review of EUR/USD Directional indicator

June 27
x.xxxx - 1.2064
low/high = 1.2084/1.2187, closed = 1.2154

June 28
x.xxxx - 1.2125
low/high = 1.2055/1.2175, closed = 1.2073

June 29
1.1985 - x.xxxx
low/high = 1.2015/1.2113, closed = 1.2078

June 30
x.xxxx - 1.2069
low/high = 1.2043/1.2122, closed = 1.2101

July 1
y.yyyy - x.xxxx



The market is neutral when it is trading between the daily and weekly cycle's "super magnet" which is the center of my projected series. It is negative when it is trading below and moving away from the neutral zone. In other words the market has a tendency pulling towards the neutral range if it is losing momentum.


Note : In general the market is pulling towards the "Super Magnet" of my weekly cycle. Apparently it will keep on trying within the remaining period of this week. There is a shift of x.xxxx position within the neutral zone from left to right, (i.e. from x.xxxx - y.yyyy to y.yyyy - x.xxxx). One have to be very alert when this happen! We can see some dynamic movement.

Toronto 12:30 GMT July 1, 2005 Reply   
Bahrain,

I'm waiting for 1.7700 to enter a nice long...if I can get anywhere near 1.81...i'll be happy

Goes SpongeBob 12:30 GMT July 1, 2005 Reply   
Toronto 12:25 GMT July 1, 2005

maybe ... but pip value is getting high ... working to neutralize this position with contra trades ... Don-George is feeding the fall of the $ ... patience.

gt

Bahrain Within 10 Pips 12:29 GMT July 1, 2005 Reply   
Thanks Tor/

Comment:
I Can get a level for cable Less then 1.795 now to enter short...
But I think Looks Like 1.7650 is on the way

Toronto 12:25 GMT July 1, 2005 Reply   
Goes SpongeBob 12:22 GMT July 1, 2005

great average...gl & gt

Toronto 12:23 GMT July 1, 2005 Reply   
again, Bahrain...i think you are becoming more accurate...
I think your charts help much more than simple posts

good job

Dallas GEP 12:23 GMT July 1, 2005 Reply   
Tom, make no mistake about this, this trade WILL made some nice money. NO ONE predicted the gbp to dump in this way except for possibly Martin. EVEN with ALL that this trade is LESS than 20 pips underwater currently. WAIT until EURO dumps and U will see.

Goes SpongeBob 12:22 GMT July 1, 2005 Reply   
Toronto 12:13 GMT July 1, 2005

I averaged to 1.7970 earlier today @ 1.7730 ... looking for +++1.8100 soon

gt

Bahrain Within 10 Pips 12:18 GMT July 1, 2005 Reply   
Toronto ///
Hi...what do u think of charts this week? TIA

gold coast martin 12:13 GMT July 1, 2005 Reply   
Zagreb MV 11:57 GMT July 1, 2005
12039....

ath 12:13 GMT July 1, 2005 Reply   
xerof
thx
glgt

Toronto 12:13 GMT July 1, 2005 Reply   
Spongebob,
are you still holding on to your GBP long? If so what do you suggest as a good point to enter a long term GBP position/when do you expect 1.85 to be seen again?

ath 12:12 GMT July 1, 2005 Reply   
xerof
thx
glgt

ath 12:11 GMT July 1, 2005 Reply   
san juan lil
thx learn something new every day
glgt

Havelock Xerof 12:11 GMT July 1, 2005 Reply   
ath 12:05 GMT July 1, 2005

1.2090 and 1.7805

Havelock Xerof 12:09 GMT July 1, 2005 Reply   
Dallas GEP 11:53 GMT July 1, 2005

I had the same thought from here downunder GEP. What better way to keep protecting the biggest slice of the pie than to cross other short USD positions into EUR/USD. Trouble is, it looks like it will all end in tears anyway, as GC martin confidently predicts. A larger pie in the face looks like the only outcome, but at least it may only have one filling!

San Juan Lil 12:08 GMT July 1, 2005 Reply   
ath,
press Free Forums, FX+Ticker on your left and you'll have all the live quotes

Bahrain Within 10 Pips 12:08 GMT July 1, 2005 Reply   
I think still..1.21 ok Short...to 1.20

Melbourne Qindex 12:05 GMT July 1, 2005 Reply   
Today is Friday and we have to follow the weekly cycle charts.

ath 12:05 GMT July 1, 2005 Reply   
hi all am away from my screens at the moment
can some one pls givve me lvls for eurusd and for cable
mtia

nyc crane555 12:05 GMT July 1, 2005 Reply   
Long eur/jpy has been the only play in this game since Greenspan said "yuan revaluation won't do much good on us economy" last week.

Rise in eur/gbp & eur/chf seems like just byproduct of it.

I still can't find any reason for immediate downside reversal for eurjpy. - consolidation at best. So not much hope for eur$ bears unless the cross do something about it, particularly with this higher level $yen.


moscow mi 12:04 GMT July 1, 2005 Reply   
gold coast martin 11:41 GMT July 1, 2005
moscow mi 11:37 GMT July 1, 2005
xoroshay poziciy Misha...udachi...
---------------
LOL.. thx martin... will drop you a letter soon. I think it is time to reconsider some MT floors/rooftops... Still enjoying your long-lasting tea... LOL.
gt

Global-View Summer Special 12:01 GMT July 1, 2005 Reply   
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London HC 12:00 GMT July 1, 2005 Reply   
London cem 11:55 GMT July 1, 2005 - Liook at a gbp/usd chart - enough movement today for a week

Guernsey Tom 11:59 GMT July 1, 2005 Reply   
Hello room. I am trying to get a handle on this Euro/Pound trade and some risk management applications. I see the cross very well bid indeed. Dallas I see has sold at 6750 and sold again at 6787. GEP, did you do equal amounts at each sale? I also see you are risking 68.5 Pound points to make 61.5 according to you parameters posted below. My question is, is this a prudent use of risk capital, and are your stop loss orders left with a broker that has discretion? Good trades.

Philadelphia Caba 11:57 GMT July 1, 2005 Reply   
GEP, how much EUR/GBP run this week has factored in a possibility UK rate move next week?

Zagreb MV 11:57 GMT July 1, 2005 Reply   
Gold Coast Martin where do you see todays low? I wonder if we don't see sub 1.200 today how high it will bounce before next sub 1.2000?

thnx & gt

London cem 11:55 GMT July 1, 2005 Reply   
It seems the long weekend holiday already started..Nothing is moving!

Dallas GEP 11:53 GMT July 1, 2005 Reply   
well My opinion is whoever wants to keep euro above 1.2000 has been at least in part doing it by buying eur/gbp. Bad GBP data has certainly helped as well

Beijing Laowen 11:52 GMT July 1, 2005 Reply   
nt, Crude hourly and 2 hour chart shows divergence on the low, it is time to long.

Bahrain Within 10 Pips 11:48 GMT July 1, 2005 Reply   
USD/CAd...short at 1.2322 area for 1.2138

Philadelphia Caba 11:44 GMT July 1, 2005 Reply   
Dallas GEP 11:40 GMT July 1, 2005

Dumping GBP this way seems very unusual in this pair, correct?

Bahrain Within 10 Pips 11:42 GMT July 1, 2005 Reply   
2.2645 pt that dude

gold coast martin 11:41 GMT July 1, 2005 Reply   
moscow mi 11:37 GMT July 1, 2005
xoroshay poziciy Misha...udachi...

Dallas GEP 11:40 GMT July 1, 2005 Reply   
Well Caba until this week I was. This GBP dumping is making eur/gbp calls much more difficult

Atlanta South 11:40 GMT July 1, 2005 Reply   
Gold Coast Martin//tks for 11:17, again patience is called for. Tks for all your views & comments. Gt & Have A Great Weekend.

NJ RT 11:39 GMT July 1, 2005 Reply   
Peat ... thank you

Bahrain Within 10 Pips 11:39 GMT July 1, 2005 Reply   
GBP/CHF Short

Beijing Laowen 11:38 GMT July 1, 2005 Reply   
Out of Eur/Gbp short on a small loss @0.6793. Won't short it until it is stalled ahead of 0.6886.

Philadelphia Caba 11:37 GMT July 1, 2005 Reply   
Dallas GEP 11:34 GMT July 1, 2005
CABA 6707 TP , STOP 6837

Thanks GEP, went short too early, average now .6750. You are trading this pair well, so hope you are right..GT!

moscow mi 11:37 GMT July 1, 2005 Reply   
moscow mi 07:43 GMT July 1, 2005
moscow mi 19:22 GMT June 30, 2005
fwiw... euro/gbp gives MT sell signal at 6785 for 6530.
-----------
oda moved higher to 6795, stop 6815
---------
filled. target will be reconsidered later... minimum 50/70 pips

Auckland peat 11:36 GMT July 1, 2005 Reply   
NJ RT 11:19 GMT July 1, 2005

subscription email from my platform provider ggggggggfffffffffffffttttttttttforex.com

Manilkara 11:36 GMT July 1, 2005 Reply   
DALLAS, man, are you back?? still short eur??

Dallas GEP 11:35 GMT July 1, 2005 Reply   
I meant it HAS been for sure

Dallas GEP 11:35 GMT July 1, 2005 Reply   
Well 10 pips is has veeb the last few days for sure

Dallas GEP 11:34 GMT July 1, 2005 Reply   
CABA 6707 TP , STOP 6837

Bahrain Within 10 Pips 11:31 GMT July 1, 2005 Reply   
I think eur/gbp..is the Long of the week

KL KL 11:29 GMT July 1, 2005 Reply   
I am back....Gobble down food quickly..and nearly choke on chilli.....phew...nice to see gbpusd still in the direction of my trade......maybe USD may end on a high for some fireworks celebration!! This gbpusd went down 100 pips then up now looking to down ...I hope then another chance for up again

Philadelphia Caba 11:29 GMT July 1, 2005 Reply   
Dallas GEP 11:24 GMT July 1, 2005
Purk eur/gbp will short. just a matter of time

GEP, may I know your updated t/p and s/l on eur/gbp shorts, please? Thanks.

Bahrain Within 10 Pips 11:28 GMT July 1, 2005 Reply   
Long eur/gbp..this won't go less then 6783 today
Heading to .6910

GVI Research 11:26 GMT July 1, 2005 Reply   
Japanese Core CPI was released today.



The Bank of Japan has pledged to maintain the current ultra-easy monetary policy until the core CPI stabilizes above zero on a year-on-year basis.

ldn red 11:25 GMT July 1, 2005 Reply   
eur/gbp. sell interest seen at 6810-15 and also expected to appear 6835-50 should we get much above 6800.

Dallas GEP 11:24 GMT July 1, 2005 Reply   
Purk eur/gbp will short. just a matter of time

Ldn 11:24 GMT July 1, 2005 Reply   
MARKET TALK: Carry Trades Running Out Of Steam?

Bahrain Within 10 Pips 11:23 GMT July 1, 2005 Reply   
eur/cad..Maybe 1.4645

Philadelphia Caba 11:21 GMT July 1, 2005 Reply   
the netherlands purk 11:18 GMT July 1, 2005

Shorted eur/gbp too.

Bahrain Within 10 Pips 11:21 GMT July 1, 2005 Reply   
http://www.geocities.com/kalzayani/GVI_EUR.htm
Told u guys.. :)
NJ...
I'll just Long it at .7520

NJ RT 11:19 GMT July 1, 2005 Reply   
Auckland peat 11:01 GMT July 1, 2005
Where do you get Mr. Luca's comments? I read his books and I would like to see his daily coments as well. Thank you GL

the netherlands purk 11:18 GMT July 1, 2005 Reply   
I have shorted eur/gbp at 7687. Target 7650. Any objection?
s/l 6850.
Purk

NJ RT 11:17 GMT July 1, 2005 Reply   
Closed my aussie short +60 ... Thank you Martin

gold coast martin 11:17 GMT July 1, 2005 Reply   
Atlanta South 11:08 GMT July 1, 2005
fwiw...one of the factors that the short euro players have had all week ,is to use fridays thinning liquidity to push sub 120....remembering that the the first breach sub 120 happened during tokyo liquidity....so do not discard 120 breach today.. coming into next week same scenario....120 continuous squeeze forcing the 120 defenders to use more amunition to defend it..eventually running out of ammunition..as i posted before,in order for the trend to change 120 has to be breached....staying over 120 merely vonfirms that the downtrend is still intact...g.t

Bahrain Within 10 Pips 11:17 GMT July 1, 2005 Reply   
1.49 should be it

San Juan Lil 11:16 GMT July 1, 2005 Reply   
with an outside candle closing more than an hour ago in the 4hr euro chart, we should have seen it go at least a bit higher by now imvvho, so as they say "if it's supposed to go up and it doesn't... ITS GOING DOWN!!" lol gt

Bahrain Within 10 Pips 11:13 GMT July 1, 2005 Reply   
eur/cad should be ok to short for 150 points maybe

GVI Research 11:12 GMT July 1, 2005 Reply   
Chart updated. This fall in the 3mo libor is extremely unusual (-4bps today after -5bps Thu).

Atlanta South 11:08 GMT July 1, 2005 Reply   
Gold Coast Martin/sub 12000 now seems to be delayed until next wk...since it is Fri & nearing the holiday. Do u still see 2000 or lower coming into next wk??? I tp on the last run down, but am holding a small position for the final fall. It appears volume slowing for today. Tks for your comments & gt.

Auckland peat 11:01 GMT July 1, 2005 Reply   
fwiw Cornelias Luca says
The dollar should have a mixed tone today. Canada is closed today and the US markets will close early ahead of the Independence Day weekend, so don't get caught in murky trading

the netherlands purk 10:57 GMT July 1, 2005 Reply   
Thank you amsterdam!
Purk

gold coast martin 10:52 GMT July 1, 2005 Reply   
7582>>>>>>7553

Amsterdam tr 10:47 GMT July 1, 2005 Reply   
the netherlands purk

check this, correlation between pair.
http://www.mataf.net/en/analysis-correlation.htm

gold coast martin 10:46 GMT July 1, 2005 Reply   
fwiw....kooking for aud to catch up on its lagging today with anything over 7580 as good levels to short for 7547to confirm 7479by tuedsay next week...can play the 7682 >>>>7653 game if pip raiding ...g.t

moscow mi 10:45 GMT July 1, 2005 Reply   
eurousd 1H chart showing clear 1-2-3-4-5 triangle pattern... last down leg maybe already printed at today low... upside breakout potential

jkt rick 10:45 GMT July 1, 2005 Reply   
the aud is a shot down damaged limping kangaroo, it cant hop anymore, it wishes to end its life by jumping over the cliff.

the netherlands purk 10:43 GMT July 1, 2005 Reply   
Dalls GEP: any thoughts about eur/gbp. If the eur doesnt move than this one will not short, or is this short (...) sight seeing?
regards
Purk

Goes SpongeBob 10:43 GMT July 1, 2005 Reply   
Prague viktor 10:38 GMT July 1, 2005
maybe ... 1.1950 <<<=>>> 1.2300 is the plan
the past is the future and vice versa

gt

Goes SpongeBob 10:38 GMT July 1, 2005 Reply   
Issing never said that €/$ is too high, he well said that Asia must take steps ... last 72H news flow confirms that China's schedule for these steps will be with us sooner then later.

guys, we still talk about 1.7K pips drop with €/$ during the last 180 days ... maybe I am wrong, maybe not.


gt

Prague viktor 10:38 GMT July 1, 2005 Reply   
Goes SpongeBob 10:34 GMT July 1, 2005
hearing a bout a lot of usd sell from the m.east do u think that is the reason...G/T

Manilkara 10:37 GMT July 1, 2005 Reply   
THANKS MARTIN. I will keep the same stop loss in my new possies!!

Delray Beach 10:35 GMT July 1, 2005 Reply   
Martin, eur could print 12000 today??

gold coast martin 10:34 GMT July 1, 2005 Reply   
Manilkara 10:30 GMT July 1, 2005
knowing the high for euro today you can look at yesterday...mirror image trading....one thing about today... friday profit taking on dollar to push euro will will not exist..another reason for a push to 120 today...g.t

Goes SpongeBob 10:34 GMT July 1, 2005 Reply   


Goes SpongeBob 19:06 GMT June 30, 2005
type in Google news "iran president hostage" and you find the next item to shake the markets.


gt

gold coast martin 10:31 GMT July 1, 2005 Reply   
Melbourne OSK 10:22 GMT July 1, 2005
while i dont consistently traded,currently i am looking at 12874 level to print before a retreat to 12748 short term...on a weekly basis a base will form at 12668 from which it can be traded to the 12878 levels ..this is for the rest of the month....g.t

MRC...LOL...once 11993 and 11863 .and 11779 are breached in euro the SAGES 11655 will be left exposed just like his gbp levels of 18068 and 17923..lol....(tgey sound familiar..lol..)...g.t

Goes SpongeBob 10:30 GMT July 1, 2005 Reply   
Germany: it is very normal democratic process, guts feeling tells me that current EUR rate will keep Schroder in power as by the elections time the latest 1.20 prints will show their fruits within the German economy ... otherwise, Schroder never asked for these elections. imo & fwiw

gt

hong kong nt 10:30 GMT July 1, 2005 Reply   
GBP -- maybe another buy when reading of 15 minute rsi 11 reaches 25...

Manilkara 10:30 GMT July 1, 2005 Reply   
Martin, I know that I am disturbing you too much, but please tell us how high eur could go before down???

KL KL 10:28 GMT July 1, 2005 Reply   
OK LOCKING in gbpusd 4 pips profit and letting it run till my sl is hit at 1.7834 OR should I take the 20 on offer ...thinking thinking!!...off to some food and rest

hong kong nt 10:27 GMT July 1, 2005 Reply   
ICT ML 10:21 GMT -- Microsoft has mastered the art of anti-piracy technology very well but it intentionally leave a loophole tolerating some degrees of piracy usage for some good reasons and i believe that loophole maybe removed in coming years...

London. 10:23 GMT July 1, 2005 Reply   
*DJ German Vote One Step Towards Early National Election
Schroeder To Ask German Pres To Dissolve Parliament
Germany's Schroeder Loses Confidence Vote As Intended

Toronto MRC 10:23 GMT July 1, 2005 Reply   
Martin It's amazing how fast cable has folded this must be the Buffet effect.

Melbourne OSK 10:22 GMT July 1, 2005 Reply   
Martin

What do you think of USDCHF?
Tia

Sydney E.M. 10:21 GMT July 1, 2005 Reply   
NZD/USD is nearing the edge of the cliff, says ANZ's Craig Ferguson. Key support comes in at 0.6898, sustained break here will find no major support until 0.65. Says the Elliott wave outlook for the currency supports the notion of a peak in place at 0.7475, ahead of a major year long corrective retracement back to the 0.60 level. Fundamental arguments are also compelling, slow growth, rising current account and slowing housing sector. Now at 0.6919.

ICT ML 10:21 GMT July 1, 2005 Reply   
hong kong nt 10:14 GMT July 1, 2005

You sure they buy Microsoft products from Gates....or do they buy them from the local Chinese Copyright Piracy outlet mall..........HUM I wonder ;->

gold coast martin 10:20 GMT July 1, 2005 Reply   
GBP...for now and next week is capped under 17868 with down bias still intact for a test of the previously posted 17692 base....commodity currencies still maintain fownward bias ..so overall,stay on short side of euro ,gbp and aud and nzd for now and on long side of yen....g.t

Ldn 10:19 GMT July 1, 2005 Reply   
NEWS: Germany"s Schroeder Loses Confidence Vote In Parliament

hong kong nt 10:17 GMT July 1, 2005 Reply   
SLV SAM 10:09 GMT -- agree, Bill gates, by all standards, is a legendary in IT industry, just wonder if he may achieve another legend in investment industry like buffet...

SPIS PG 10:14 GMT July 1, 2005 Reply   
don't know if this was mentioned here, nice triangle forming in eurusd, the bottom seems to be @030,31, that's the number my charting software gives me

Gen dk 10:14 GMT July 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

hong kong nt 10:14 GMT July 1, 2005 Reply   
China has got a population of 1.3 billion. If everyone spend US$1 on Microsoft products each year, Bill gets extra revenue of US$1.3 billion. In a few years' time, Bill may accumulate US$10 billion. Assume a leverage of 10-20 times, that's equivalent to US$100-200 billion fund in the forex world...

Manilkara 10:13 GMT July 1, 2005 Reply   
thanks Martin. Do you think the up move is over now??

gold coast martin 10:11 GMT July 1, 2005 Reply   
market is still do wanting to breach 11993..euro defensive sub 120 players are just using more and more ammunition to prevent the inevitable in an effort to reverse the current trend...current trend is a megatrend that will only reverse when 120 is breached...again ,patience required as the upside 121 risk was negated 3 days ago...only direction is down...g/t

Manilkara 10:11 GMT July 1, 2005 Reply   
going down again, or is more fake??

slv sam 10:09 GMT July 1, 2005 Reply   
hong kong nt 10:04 GMT /
Bill gates alraedy is legendary imo!GT

Goes SpongeBob 10:09 GMT July 1, 2005 Reply   
$am wanted €urella very much, €urella told him to show her; $am showed and €urella replied “now show me what you can do with it, if you do good then I am yours @ 1.19” … $am still tries, but $am is old and still naïve as he does not want to remember the m€n controlling €urella are fooling $am … they pull $am towards 1.23 and count on $am to be so tired that he will get on his head the left over form the m€n who hooked €urella from 1.1900 to lead them higher … $am is a man and will get €urella as he wish for a while, but not today or during the coming weeks.


gt

San Juan Lil 10:06 GMT July 1, 2005 Reply   
thankfully, i believe we're safe now!!

Tallinn viies 10:05 GMT July 1, 2005 Reply   
usually turning points in the end of third or in the beginning of fourth quarter. summer could be dull

hong kong nt 10:04 GMT July 1, 2005 Reply   
slv sam 09:56 -- guess buffet thinks in the same direction as you do, by the way, do you think bill gates may master the art of his close friend buffet and become another legendary?...

Malaga boqueron 10:01 GMT July 1, 2005 Reply   
Tallin Vies, I suppose the key question is at what level do we reincarnate as bona fide euro bulls.

slv sam 09:56 GMT July 1, 2005 Reply   
hong kong nt 09:40 GMT /
it is the interest of USA to have weak dollar longer term!GT

Tallinn viies 09:53 GMT July 1, 2005 Reply   
I thought about it yes, but also thought maybe I missed something....

Malaga boqueron 09:50 GMT July 1, 2005 Reply   
Tallin Vies . re Euro - what's up.

You've been around long enough. Don't you think in all likelihood it's just the usual 1st trading day of the quarter irrelevant noise to induce us into error. Nice opportunities do present themselves however. I'm thinking of the GBPCHF cross - nice area to go long would be 2,2725/50.

Toronto MRC 09:49 GMT July 1, 2005 Reply   
Martin Good Day, does this gbp 17727 mark a bottom or chance to start building long term long positions?

KL KL 09:48 GMT July 1, 2005 Reply   
short eurjpy 134.01 sl 134.08...i think two cherries tree is enough to pluck at will...not mastered the art of using feet yet...tried it last time and nearly broke neck dealing with multiple screen...LOL

KL KL 09:44 GMT July 1, 2005 Reply   
out gbpusd 1.7838 sar and Short sl 1.8247 also out usdjpy short 110.77.... lots of stoppies for big boys to play imho...battle between weak hands and deep pockets...imho

Gen dk 09:44 GMT July 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

hong kong nt 09:43 GMT July 1, 2005 Reply   
AUD -- still see higher lows on weekly with 80 sma at .750 guarding the downside...

Tallinn viies 09:43 GMT July 1, 2005 Reply   
a bit suprising move on euro. whats up?

Gen dk 09:42 GMT July 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Manilkara 09:41 GMT July 1, 2005 Reply   
eur will break the 12110 level or go down back???

San Juan Lil 09:41 GMT July 1, 2005 Reply   
well, looks like we're playing the range again, could go up to 1.2112 or so then... if it goes higher, then i will be concerned!!!

hong kong nt 09:40 GMT July 1, 2005 Reply   
slv sam 09:38 -- no doubt you belong to the latest type...

KL KL 09:40 GMT July 1, 2005 Reply   
I am going to exit my possie very soon looking for last dive up then down to test low then I hope up again

Sydney Tehuringa 09:38 GMT July 1, 2005 Reply   
Moving on up..after the 1.2082 point next point for a bounce down on my setup is 1.2102-1.2107 FWIW

slv sam 09:38 GMT July 1, 2005 Reply   
hong kong nt 09:33 GMT /
traders can be short, medium or long termers...long term traders are the most successful inho!GT

Tallinn viies 09:37 GMT July 1, 2005 Reply   
DATAWATCH Euro zone PMI upturn erodes ECB rate cut speculation
PARIS (AFX) - A stronger-than-expected upturn in the euro zone purchasing managers' index for the manufacturing sector will further erode speculation about a possible interest rate cut by the European Central Bank, economists said.

The manufacturing PMI rose to 49.9 in June from 48.7 in May, exceeding market expectations for a more modest rise to 49.0.

The increase still leaves the index fractionally below the 50 dividing line between contraction and expansion in the euro zone manufacturing sector, but it is a significant upturn, economists said.

Gitzes Noorman of Rabobank said the PMI data is already resulting in rate cut speculation being scaled down.

"For us, it proves that the ECB will remain on hold for the remainder of the year and will not cut the refi rate despite the recent speculation," he said.

Ed Teather of censored agreed that the data support the view that the ECB will not cut interest rates.

Most economists now expect the ECB to start raising rates again next year. The ECB's main rate has been at a historic low of 2.00 pct since June 2003.

Noorman said ECB rates are already well below neutral and the euro zone economy has benefited from a massive easing in monetary conditions this year as a result of the decline in bond yields and the euro's depreciation.

The lack of momentum in euro zone growth was therefore the only factor arguing for a rate cut, and the PMI data suggest that growth is now at least stabilising, he said.

The data come after similar upturns in euro zone business confidence indicators in June.

Teather of censored said recent data suggest that the weakness in the manufacturing sector will moderate in the second half of the year, but further evidence is needed to confirm this.

"Further data points are necessary before we can say with confidence that the downtrend in manufacturing activity indicators is drawing to a close," he said.

Sylvain Broyer of Ixis said the PMIs suggest that the low point in activity was probably reached in the second quarter.

Euro zone GDP was probably flat in the second quarter, after a first quarter increase of 0.5 pct, but there should be a slightly better performance in the second half of the year, he said.

The new orders component of the PMI data bounced back after the 50 threshold in June, rising to 50.9 from 48.5, and this appears to have been driven by a rise in export orders resulting from the euro's recent depreciation, Broyer said.

Gen dk 09:36 GMT July 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

lax-lgb SNP 09:36 GMT July 1, 2005 Reply   
hong kong nt 09:12 GMT July 1, 2005

12 hours done - 12 hours to go
mkts are testing yesterday's levels - could go either way

if not for my need to close aud/$ today, i'd be watching the telly and eating ice-cream :-)

KL KL 09:34 GMT July 1, 2005 Reply   
looks like that is it for dollar bull...in long again gbpusd 1.7898 and also short usd jpy 1.1089...this one to keep for 10 years...LOL....

I think this could be the low for the year but could be tested next week so obvious if you are candle guru!! I only only ninja just attack and pick up food to feed family for the week..

hong kong nt 09:33 GMT July 1, 2005 Reply   
slv sam 09:31 -- i'm not as greedy as you, i will start to scale out at 1.28. LOL...

Prague viktor 09:32 GMT July 1, 2005 Reply   
Prague viktor 08:09 GMT June 2, 2005
Goes SpongeBob 07:42 GMT June 2, 2005..Hi mate§ it seems the same shark who protected the 1,27++ to the end of 04/30/2005 is protecting now the 1,20++ so maybe the MOAB is there for now ....so G/L G/T

Playing with the sharks is nice game BUT dont try to challange them..G/T

hong kong nt 09:32 GMT July 1, 2005 Reply   
most c9 are certified at 1.7700-1.7750...

slv sam 09:31 GMT July 1, 2005 Reply   
i can see treasure!!!...euro at 1.20 level now....buy + accumulate for 1.40+ in months time!GT

ATL TJ 09:30 GMT July 1, 2005 Reply   
As more time passes with Euro not making a sustained break of 1.2000 the odds will favor that it won't happen without a considerable correction first. Possible as much as 500-600 pips. I know flies in face of the common view here but that is what I am seeing.

Melbourne OSK 09:29 GMT July 1, 2005 Reply   
USDCHF long, hope it works in this choppy market!

Manilkara 09:28 GMT July 1, 2005 Reply   
Dallas GEP, what do you think of eurella??

Manilkara 09:26 GMT July 1, 2005 Reply   
Martin amigo, are you there?? Sure of your eur target??

ath 09:21 GMT July 1, 2005 Reply   
shudda waited
its nearly 40 outside
so i'll sweat a bit more
lol

Tokyo HL 09:18 GMT July 1, 2005 Reply   
tuvo facil la del cable yo toy desperdiciando ganancia ahora

Gen dk 09:17 GMT July 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Rio CV 09:14 GMT July 1, 2005 Reply   
Tokyo...Si, agarre cable jajajaja

Rio Cv 09:12 GMT July 1, 2005 Reply   
Tokyo, just see the charts and you will see how confused is this market! I want to enter short eur now but I am looking for further confirmations from my charts.

hong kong nt 09:12 GMT July 1, 2005 Reply   
SNP -- scale in USD index shorts at 89.6, 89.8 and 90.0, what do you think? good trades...

Tokyo HL 09:11 GMT July 1, 2005 Reply   
Rio agarraste cable?

Tokyo HL 09:10 GMT July 1, 2005 Reply   
there is rio see if he gets confuse on the euro we better get out of it

Rio CV 09:10 GMT July 1, 2005 Reply   
Martin, do you have any opinion about this very choppy eur??

ldn red 09:09 GMT July 1, 2005 Reply   
euro rallied almost 200 pips at the start of last month before falling sharply almost 800 pips. and for cable, its very unlikely that we wont take at least a small bite from last months range; if down then up, it could be quite vicious

Tokyo HL 09:09 GMT July 1, 2005 Reply   
yeah i always read every forum that i found on the internet and trust me every small account is this planet is wishing for the break today. i dont think it will happend run all the stops and maybe two or three days later we will see it trougth but not today

Sydney Tehuringa 09:08 GMT July 1, 2005 Reply   
I would think 1.2082 would be the cap for the Eur move up but the 1.2065 level might prove to be too tough.....before going south again...IMHO

RSA Abe 09:05 GMT July 1, 2005 Reply   
Tokyo HL 08:55

Fully agree HL! Took mine out too. Will enter again a bit higher. GT GL

San Juan Lil 09:04 GMT July 1, 2005 Reply   
hello all,
just to comment i really don't see the euro going above 1.2075 today... good trades

Yugoslavia Koca 09:03 GMT July 1, 2005 Reply   
I need suggestion for EUR/USA .... for next 12 hours...

thx....

Manilkara 09:03 GMT July 1, 2005 Reply   
Martin, how high this dear eur could go?????????????

lax-lgb SNP 09:02 GMT July 1, 2005 Reply   
adding $/chf longs

Tokyo HL 09:02 GMT July 1, 2005 Reply   
here we go see

Tokyo HL 08:55 GMT July 1, 2005 Reply   
everytime everyone shorts it goes up i m concerned as well every smal account in this planet is shorting the euro now im gonna take a little out of it

Tallinn viies 08:48 GMT July 1, 2005 Reply   
downside pressure is still on and it would unwise to bet on upside as long as bollinger mid level contains all attempts.
therefore today reasonable to believe euro selling will be rewarded later. 1,2125 on closing basis will be the key level. till its not taken out - sell

ath 08:47 GMT July 1, 2005 Reply   
short euro here
wait and see for sub 1.20

Auckland peat 08:46 GMT July 1, 2005 Reply   
Havelock Xerof 08:11 GMT July 1, 2005
Squared an AUD short at 7562 - any suggestions for a reshorting level?

anything above .7612?

Newcastle GH 08:44 GMT July 1, 2005 Reply   
KL,
Good shooting there on GBP!

Manilkara 08:43 GMT July 1, 2005 Reply   
more than impatient I am concerned!

Sydney Tehuringa 08:40 GMT July 1, 2005 Reply   
Riga Jim.....I know mate

cheers and gt

Tokyo HL 08:38 GMT July 1, 2005 Reply   
Manilkara is getting really really impatience dont you mate?

Ldn 08:38 GMT July 1, 2005 Reply   
FX NOW! EUR/USD, GBP/USD Flows : EUR sold as EU Barroso warns of Anglo-Franco Feud

Riga Jim 08:37 GMT July 1, 2005 Reply   
Sydney Tehuringa 08:10 GMT // I was replying to Dallas GEP 08:06 GMT

Ldn 08:37 GMT July 1, 2005 Reply   
FX CHART GBP/USD Update: 1.7650~ Best target now 4CAST

ath 08:37 GMT July 1, 2005 Reply   
hi all
hope this new quarter will be profitable for all
can any one please explain the lack of interest in the euro
i would of immagined it to trade around the 1.19xx but the protection of the 1.20 level is still strong when is that lifting ?
mtia

Philadelphia Caba 08:33 GMT July 1, 2005 Reply   
UK ECON: June Manufacturing PMI 49.6, Well Above Forecast

Tokyo HL 08:32 GMT July 1, 2005 Reply   
that data is useless

Ldn Delboy 08:31 GMT July 1, 2005 Reply   
UK PMI Data?

Beijing Laowen 08:30 GMT July 1, 2005 Reply   
Dallas GEP 08:20 GMT July 1, 2005 //

Haha,mate, I was speaking of that in an intraday trading basis. However, in my system, daily chart shows it is bottoming out. I am also in short E/G from 0.6786. GL and GT!

Dallas GEP 08:29 GMT July 1, 2005 Reply   
Euro options being defended may have been what is holding up euro from making it;s short trip. Some of those expire today however

Tokyo HL 08:29 GMT July 1, 2005 Reply   
Manikara is even more impatience that i m,.
so any views everyone is holding short?

Melbourne OSK 08:28 GMT July 1, 2005 Reply   
Geese could be a good buy @ mkt, although is a tricky one

Ldn 08:27 GMT July 1, 2005 Reply   
Sterling range for remaining year 1.70 - 185 .

Manilkara 08:26 GMT July 1, 2005 Reply   
any views on eur???

Sydney Tehuringa 08:22 GMT July 1, 2005 Reply   
Dallas you maybe right I think...Lol

Dallas GEP 08:20 GMT July 1, 2005 Reply   
Well LAowen, I disagree,,,eur/gbp short is not a contra at this level normally.

Ldn 08:20 GMT July 1, 2005 Reply   
GBP/USD 1.7700 Strike Interest - Erased Barriers

Beijing Laowen 08:20 GMT July 1, 2005 Reply   
hong kong nt 08:17 GMT July 1, 2005 //

nt, I have been getting the falling knife for several days so far. I found selling Eur/Hkd and Gbp/Hkd with very tight s/l was a good hedge for accumulating the Eur/$ and GBP/$ longs. LOL and GT.

Beijing Laowen 08:17 GMT July 1, 2005 Reply   
Shorting E/G here is a contra trading. IMHO, 0.6830 is a short term top where it can be short.

Syd 08:17 GMT July 1, 2005 Reply   
Today's comment - The one and only
We got what we had expected. At the FOMC meeting yesterday FED delivered once more exactly what the market was looking for. A rate hike of 0.25 %. The FED has thereby raised the interest rate with a quarter at the last 9 meetings in a row. The comments afterwards have not changed at all. Thus there cannot be any doubt regarding the possibility of further rate hikes in the US. The FED is not finished yet. That leaves the FED as the one and only central bank indicating that interest rates has to go higher. The market was reacting in sending the dollar higher across the board as there has been a shift of focus from imbalances towards interest rates/growth. A test af lower levels in the EUR/USD is hence lurking in the wings in the coming sessions which so far has been able to stabilize around the very important support level around 1.1950 - 1.20. If this level is taken out the the next support level around 1.1750 will be tested. A level which we have not seen since back in the middle of 2004.

Another important issue will be the vote in the German Bundestag today. Schr? has asked for a vote of confidence and he is not expecting to get one. If so he will be able to demand new elections probably in September. But it's far from sure that the SPD members will abstain thus the risk for Schr? to win is still there. Should this happen it would create uncertainty regarding the political situation in Germany and would for sure not be a positive issue for the EUR.


hong kong nt 08:17 GMT July 1, 2005 Reply   
KL -- will you try limit buy 1.7705 ??

Tokyo HL 08:15 GMT July 1, 2005 Reply   
Do we need a lot of more patience to see the EU/US fall or im doubting

Dallas GEP 08:15 GMT July 1, 2005 Reply   
Hellll you may be right eur/gbp may never short again

Sydney Tehuringa 08:12 GMT July 1, 2005 Reply   
0.6792-ish looks like a good area for a short though

Syd 08:11 GMT July 1, 2005 Reply   
Germany Schroeder Asks Parliament To Call New Elections

Havelock Xerof 08:11 GMT July 1, 2005 Reply   
Squared an AUD short at 7562 - any suggestions for a reshorting level?

Sydney Tehuringa 08:10 GMT July 1, 2005 Reply   
EUR/GBP trend looks up to me

Riga Jim 08:10 GMT July 1, 2005 Reply   
selling eur/gbp these days...

good luck to you anyway, it might have shot up too much too fast.

KL KL 08:09 GMT July 1, 2005 Reply   
ok out long gbpusd at 1.7755 +25 wait to re-long lower near 1.77xx again and again and again

Beijing Laowen 08:08 GMT July 1, 2005 Reply   
Raven, if you are around, I am curious to hear about your view on the reason of Eur/Chf targeting 1.51xx. Technically I could not see that . Thanks and GT!

Dallas GEP 08:07 GMT July 1, 2005 Reply   
Jim fighting what trend????

Tokyo HL 08:06 GMT July 1, 2005 Reply   
i keep adding to the euro mmmm it looks to firm maybe i should put out a little

Dallas GEP 08:06 GMT July 1, 2005 Reply   
Good level to sell euro here 1.2050

Havelock Xerof 08:05 GMT July 1, 2005 Reply   
gold coast martin 07:53 GMT July 1, 2005

NZD - if you've taken sufficient out of the market this morning (from an already one-sided daytrading short market), we'll see a scramble back above 6910 easily. As you say, if there is genuine desparation to bail, it'll just collapse later on tonight

KL KL 08:04 GMT July 1, 2005 Reply   
Wonder what is Buffet SL on USD shorts....well I am keeping my gbpusd long for 6 years....LOL

Gen dk 08:03 GMT July 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

London. 07:59 GMT July 1, 2005 Reply   
The drop in UK manufacturing index has been sharp, says HSBC, down four points in the last two months. The CBI survey suggests June is likely to have been tough, given renewed rise in oil prices. Although HSBC expects a small improvement in the June manufacturing index (47.8 from 47.3 last), the index is still below the 50 mark, pointing to an output contraction.

Riga Jim 07:58 GMT July 1, 2005 Reply   
GEP, why are you fighting the trend?

Bahrain Within 10 Pips 07:57 GMT July 1, 2005 Reply   
1.7660 area

Bahrain Within 10 Pips 07:57 GMT July 1, 2005 Reply   
maybe Long 1.8650 area

Dallas GEP 07:56 GMT July 1, 2005 Reply   
Grabbed some more eur/gbp shorts at 6787

Alaska Moon 07:55 GMT July 1, 2005 Reply   
THANKS, MARTIN...for all your help...Patience paid off !!!!!
Moon

Bahrain Within 10 Pips 07:54 GMT July 1, 2005 Reply   
stay away from longing anything for the rest of the week

gold coast martin 07:53 GMT July 1, 2005 Reply   
gold coast martin 12:22 GMT June 29, 2005
NJ RT 12:13 GMT June 29, 2005
g/m.....nzd....7023 to pip raid it to 6982 and back again ....or if 6982 prints and 6969 is breached without a bounce, it will be lights out for the kiwi...how far?i am working it out now....lol.....

Taking partial prifit on NZD shorts @6878....
The above levels to confirm further nzd downside are:6859 print to confirm 6809...for now....further out 6766 is an important resistance level..i do however expect 6859 to be breached in the short term....

AUD has got the same fate as kiwi...just lagging...lol...

MANILKARA:EURO still on targer for 11993 weekly close...
GBP...only meaningful support level that is capable of halting downward bias is at 17689....for now...g.t
ALL enjoy the ride..lol...g.t

Manilkara 07:52 GMT July 1, 2005 Reply   
Talk of a semi official buyer in [EUR/USD] has put a base under the pairing and has boosted the single currency from a 1.2029 base. The market gossip suggests this is actually portfolio based demand and that the same account has been active all week on the bid. This has stemmed a fall onto the 1.1900 handle so far, though most expect the Fed tightening and expectation of more to come will eventually see a clear break under 1.2000. Expiries under the figure at 1.1980 are noted for 14GMT and should continue to attract spot.

Dallas GEP 07:51 GMT July 1, 2005 Reply   
Euro fundamentally is being supported for some reason....I predict tho that we see sub 1.2000 in LONDON

Havelock Xerof 07:50 GMT July 1, 2005 Reply   
Auckland peat 07:45 GMT July 1, 2005

can't argue with that mate

Beijing Laowen 07:50 GMT July 1, 2005 Reply   
Wow! what's up?! Added some Euro and cable longs here! Thanks to scaling method I am adding little by little and feel OK. Eur/Gbp is a sell here. Try a small amount @0.6786.

KL KL 07:46 GMT July 1, 2005 Reply   
ok long gbpusd 1.7730 sl 21 catching falling knife.....LOL

Manilkara 07:45 GMT July 1, 2005 Reply   
Eur will breaking 12030 this time???

Auckland peat 07:45 GMT July 1, 2005 Reply   
xerof
i take my money management rules quite seriously...
yes i could be richer.... but at least I'm not poorer ;+)

resold another euro at 1.2046 tho there is talk of semi-official portfolio based demand at the 1.2030 level putting a floor under it, for now.

Dallas GEP 07:45 GMT July 1, 2005 Reply   
LOTS and LOTS of pressure now on EUR?USD

moscow mi 07:43 GMT July 1, 2005 Reply   
moscow mi 19:22 GMT June 30, 2005
fwiw... euro/gbp gives MT sell signal at 6785 for 6530.
-----------
oda moved higher to 6795, stop 6815

Dallas GEP 07:42 GMT July 1, 2005 Reply   
I am keeping those eur/gbp at 6750,, Eur/gbp when euro starts to short will also short significantly

Bahrain Within 10 Pips 07:42 GMT July 1, 2005 Reply   
Eur/USD by 2006 Aug.. > 1.42
Generally rally starts in 5-8 weeks...this is rough estimation

Santa Cruz Antonio 07:39 GMT July 1, 2005 Reply   
How far down would the GBP go? I'm expecting some kind of correction on that fall but so far it gives no indication of such

Havelock Xerof 07:39 GMT July 1, 2005 Reply   
Auckland peat 07:03 GMT July 1, 2005
cant believe kiwis fall from grace - almost a whole cent since i bought back and in only 1 day

Peat - I can't believe you weren't an A team believer from the other channel!!

But I've just closed my short from .6988 out - thats enough until next week IMO - market must be very one sided at the moment. Seeling rallies (if any) back towards .6920/30

Manilkara 07:34 GMT July 1, 2005 Reply   
Martin, VERY GOOD CALL in Eur! Do you have a target for Cable shorts??? MTIA

Auckland peat 07:34 GMT July 1, 2005 Reply   
JR London, Herts 07:23 GMT July 1, 2005

yes that u did... and I had been short kiwi a lot.... but in the interests of money managment (Euro shorts out of the money) had to reduce exposure... so took profits on kiwi....
its easy mistake for novice forex trader to take profits tooooo early

Syd 07:33 GMT July 1, 2005 Reply   
FX CHART AUD/USD Update : Deeper losses seen as sellers from 27 Jun dominate

Gen dk 07:32 GMT July 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Manilkara 07:28 GMT July 1, 2005 Reply   
Cable now looks better trade than eur!

Manilkara 07:26 GMT July 1, 2005 Reply   
If eur 11960, Cable 1.7000???

Ldn 07:26 GMT July 1, 2005 Reply   
GBP/USD TECHS: Breaks 1.7800, 1.7740 Target Viable -

JR London, Herts 07:23 GMT July 1, 2005 Reply   
Told u last nite auckland pete sell kiwi stay with it...and sell kiwis points...

Syd 07:23 GMT July 1, 2005 Reply   
Full article below is on the Financial Forum

Syd 07:21 GMT July 1, 2005 Reply   
Forex Focus: Looking For More Sterling Losses
dow jones.Interest rate support for the pound is likely to be swept away in months to come, opening up considerably more downside room for the U.K. currency.

How far it falls will depend as much on the performance of the euro and the dollar as anything else.

But with economic data released Thursday helping to confirm the worst fears about the U.K. economy, considerable losses could well be under way.

"The pound's outlook appears gloomy," said Neil Mellor, a currency strategist with Bank of New York in London, as he pointed to the pound's already steep slide that has taken it back down under $1.8000 for the first time since Oct. 19 last year.

"Sterling is likely to be vulnerable to a further depreciation in trade-weighted terms as the economy deteriorates," said economists at Investica, an independent investment advisor in the U.K.

There is little new about worrying that the pound is overvalued

Manilkara 07:20 GMT July 1, 2005 Reply   
yes, good call Zagreb MV!!!

Amsterdam tr 07:18 GMT July 1, 2005 Reply   
Zagreb MV
..IMVVHO have some feeling we may expect some eurusd bounce to 60-70 level before going more down.

Great call MV

moscow mi 07:18 GMT July 1, 2005 Reply   
hong kong nt 07:13 GMT July 1, 2005
very helpful reference. thank you.

Manilkara 07:17 GMT July 1, 2005 Reply   
Re entered Eur & Cable shorts.

hong kong nt 07:13 GMT July 1, 2005 Reply   
EUR 1.196 + CHF 1.296 + GBP 1.771 + JPY 112.0 = USD index 90.0..

Manilkara 07:12 GMT July 1, 2005 Reply   
anyway, how this market is manipulated, is almost insane!!

Manilkara 07:11 GMT July 1, 2005 Reply   
Looks like silence is not my virtue, but I am becoming a little better trader LOL

Manilkara 07:07 GMT July 1, 2005 Reply   
Closed all at 1.2040. Will re enter ASAP, smaller position (and a little higher, I hope) GTA

Ldn 07:06 GMT July 1, 2005 Reply   
EUR/USD: EUR Takes Out Stops As Dealers Worry Over Germany

Sydney Tehuringa 07:05 GMT July 1, 2005 Reply   
Hello all............

Auckland peat 07:03 GMT July 1, 2005 Reply   
cant believe kiwis fall from grace - almost a whole cent since i bought back and in only 1 day ! oh well a profit lost not as bad as a actual loss.
today one of my t/ps on euro was reached.... 3 more to go.
yes manilkara patience is a virtue almost as holy as silence.

Bahrain Within 10 Pips 07:02 GMT July 1, 2005 Reply   
I doubt it will break the figure here..cable

Zagreb MV 07:02 GMT July 1, 2005 Reply   
Manilkara you got that right.

Bahrain Within 10 Pips 07:01 GMT July 1, 2005 Reply   
cable very thin for next 3 hours

Manilkara 06:54 GMT July 1, 2005 Reply   
Hey fellows, looks patient was good for us!! LOL

SanFrancisco analyst 06:53 GMT July 1, 2005 Reply   
$swiss and Aud now entering the extended zone in my estimation, definately made a clean break and omitted the potential of a failure before the break, getting it done in one shot. Looking to short USD in this area/time zone on a very temporary basis.

Zagreb MV 06:48 GMT July 1, 2005 Reply   
IMVVHO have some feeling we may expect some eurusd bounce to 60-70 level before going more down.

London. 06:43 GMT July 1, 2005 Reply   
Intraday EUR/USD: Is expected to test the psychological $1.2000 zone again. If that's breached, the $1.1950 area will be eyed and, in the case of a fall through it, $1.1911. Minor resistance comes in at $1.2050.

Weekly chart EUR/USD trend: Bearish
CQG International Ltd

Bahrain Within 10 Pips 06:43 GMT July 1, 2005 Reply   
Zagreb MV 06:39 GMT July 1, 2005
any time.. :) gt/gl

hong kong nt 06:43 GMT July 1, 2005 Reply   
USD index sell order 89.95...

Bahrain Within 10 Pips 06:42 GMT July 1, 2005 Reply   
small Long euro

London. 06:41 GMT July 1, 2005 Reply   
TECHNICAL ANALYSIS: USD Index, up at 89.49, retesting resistance at 89.50 which capped market throughout June; any clean break (daily close) would trigger bullish right triangle formed by horizontal line at 89.50 and uptrend line from early May. This would signal another leg up in next few weeks to at least index's longstanding target of 90.00 (which is strong resistance, having capped market in June-August 2004). Triangle will remain likely to be triggered in short term while index holds support on uptrend line, now at 88.75 and rising about 0.1/day; any break below trendline would indicate short-term upward pressure had eased, but USD Index would probably stay medium-term bullis

Zagreb MV 06:39 GMT July 1, 2005 Reply   
Bahrain Within 10 Pips 06:05 GMT July 1, 2005
10 Pips man, I find your charts usefull, especially for range trading. Thanks to share this stuff with us.

GT

Bahrain Within 10 Pips 06:37 GMT July 1, 2005 Reply   
goog..I think breaking 310 Level today to 325

hong kong nt 06:36 GMT July 1, 2005 Reply   
GBP -- if anyone likes to catch falling knife, consider 1.770, if seen, today...

Zagreb MV 06:35 GMT July 1, 2005 Reply   
Good morning people,
Nice morning, eurusd felt 70 pips down while I was sleaping. My short position is getting some sense....

GT & GL all

SanFrancisco analyst 06:34 GMT July 1, 2005 Reply   
They say an EU breakup would be "Destroying Europe?" Is it possible to excaggerate more? Break up the EU fiasco perhaps and send Europe back into the right direction is more like it. Many are logically perceiving new more progressive economic platforms in Italy and other countries after such a mess. It would be fantastic for Europe. Italy's last budget deficit was in excess of 100% of GDP under the Euro, which has been claimed a big savior of Italy. It isn't the currency that drives an economy, its the choice of vision and model of application that mean the difference of directions.

Syd 06:28 GMT July 1, 2005 Reply   
JR London, Herts agree well respected paper

JR London, Herts 06:27 GMT July 1, 2005 Reply   
Syd..Great stuff..well if its in the guardian that means blair and brown want euro break up (as its the posh labour paper)

Syd 06:25 GMT July 1, 2005 Reply   
Blair-Chirac feud 'could destroy Europe'

Nicholas Watt in Brussels and Michael White
Friday July 1, 2005
The Guardian

Tony Blair and Jacques Chirac are in danger of "destroying" Europe after an Anglo-French bust-up led to the collapse of negotiations on the EU budget, said Jose Manuel Barroso, the president of the European commission.
http://politics.guardian.co.uk/eu/story/0,9061,1518827,00.html

Syd 06:23 GMT July 1, 2005 Reply   
City gears up for rate cut

Larry Elliott and Charlotte Moore
Friday July 1, 2005
The Guardian

Falling consumer confidence, weaker growth and a stagnant housing market pushed the pound to its lowest levels for nine months last night as the City geared up for a cut in interest rates from the Bank of England to boost the economy.
http://www.guardian.co.uk/business/story/0,3604,1518731,00.html

Syd 06:20 GMT July 1, 2005 Reply   
Blair-Chirac Feud Could Destroy Europe - UK Guardian

hong kong nt 06:20 GMT July 1, 2005 Reply   
USD index reaches 89.5 and $chf approaches triangle breakout objective 1.2925...

Bahrain Within 10 Pips 06:13 GMT July 1, 2005 Reply   
USD/CHF..stay away from Long

Bahrain Within 10 Pips 06:09 GMT July 1, 2005 Reply   
USD/CHF added

Syd 06:08 GMT July 1, 2005 Reply   
Silver vulnerable to move back under $7 as excitement generated last month by Barclays Global Investors' plan to launch first silver exchange-traded fund starting to fade, says analyst with Japanese trading house;

Hong Kong Ahe 06:07 GMT July 1, 2005 Reply   
KL KL 05:50 GMT July 1, 2005 - Today is HK public holiday of HKSAR Establishment Day. Stock market and Banks are closed.

Bahrain Within 10 Pips 06:05 GMT July 1, 2005 Reply   
hello...all
http://www.geocities.com/kalzayani/GVI_EUR.htm
;)

KL KL 05:56 GMT July 1, 2005 Reply   
Rats...this is the level I prefer to long...so thinking if should attempt another long...maybe a bit lower then furious retrace

waiting on gbpusd to long it...ok in long gbpusd 1.7827 sl 19

hk ooozmeeh 05:55 GMT July 1, 2005 Reply   
LONDON got it mate, thanks...

Syd 05:55 GMT July 1, 2005 Reply   
Govt's New Senate Majority Sparks Protests In Australia
Thousands of workers took to the streets of Sydney on Friday to protest the proposed changes. A crowd estimated at 100,000 protested in the southern city of Melbourne on Thursday.

JR London, Herts 05:54 GMT July 1, 2005 Reply   
added short kiwi 1/3rd..gone long doll cad for a touch..looking chance 12320ish

chicago goofy 05:53 GMT July 1, 2005 Reply   
Hope it is one way train today. Gud nite all!

Dallas GEP 05:52 GMT July 1, 2005 Reply   
SWISS just made a yearly HIGH. Euro shorts should accelerate

London. 05:52 GMT July 1, 2005 Reply   
HK oooozmeeh there you go

http://news.bbc.co.uk/2/hi/business/4636993.stm

KL KL 05:50 GMT July 1, 2005 Reply   
nt

Hong Kong holiday or typhoon red alert? WHy hang Seng close? or some moon cake celebration??
Crude Aug looking jucier to long...waiting now to long nearer to 56....ideal 54.88 but I don't think we can see that .

hk ooozmeeh 05:49 GMT July 1, 2005 Reply   
LONDON 5:41 i cant get inside the link you posted..thanks

Ldn 05:47 GMT July 1, 2005 Reply   
EUR/USD Breaks Below 1.2060 Stops, 1.2049 Low Seen, U.S. Sales

Dallas GEP 05:45 GMT July 1, 2005 Reply   
Don't forget guys we had ONE of the lows on EURO that other day at 1.2016. IF you are HEAVY on eur/usd shorts, you may wish to take at least partial profits THERE

ath 05:45 GMT July 1, 2005 Reply   
thought this might b of interestt
from 4cast
01 Jul EUR/USD Daily
06:25 - The mkt. has not broken higher as we expected and recent action continues to be choppy. Immediate risk is for a break of the 1.2041 sup. Below here next levels extend to 1.2013 and 1.2000. To the upside, res. is at 1.2080/85 then Thurs high at 1.2120.N.I.

R5: 1.2206 * 22 Jun high
R4: 1.2185 Mon high
R3: 1.2150 intraday level
R2: 1.2120 * Thurs high
R1: 1.2080/85 intraday level
S1: 1.2041 * Thurs low
S2: 1.2013 * Wed low
S3: 1.2000 figure
S4: 1.1981 Fri low
S5: 1.1967 Aug low
go well ahead

SanFrancisco analyst 05:44 GMT July 1, 2005 Reply   
Almost went with the short but a guy has to eat sometime.

SanFrancisco analyst 05:44 GMT July 1, 2005 Reply   
I think the USD upside from these relative levels for Aud, Euro, Chf are limited now for this round. Probabilities favor at least a small retracement from here before enough wind can be gathered for another shot, so some chance this is a failed break with only minimal pierce (this time). May only require an hour or so I hope.

Note : Had I placed a short AUD where I closed the long Aud which was against the grain it would have made 2 prime scalp entries so I may be a cheerleading for a retracement a little.

Rye, NY et 05:42 GMT July 1, 2005 Reply   
Eur/Usd: If the USD buying continues throughout the day and the market goes for the handle, then I would imagine we bottom out at 1.1987...although 1.1967/4 is possible...easy for me to say: I'm flat...Good night and Good Trades...

London. 05:41 GMT July 1, 2005 Reply   
UK growth is disappearing in a puff of smoke
LINK

chicago goofy 05:40 GMT July 1, 2005 Reply   
1.2021, euro bull`s last hope for this downleg, probably last one before range setup.

KL KL 05:40 GMT July 1, 2005 Reply   
IN LONG gbpusd 1.7842 sl 33...lets see...nice trading today...

Sydney E.M. 05:34 GMT July 1, 2005 Reply   
USD/JPY rises to 111.05
EUR/USD falls to 1.2050 on non-Japan players' strong appetite for USD
USD/JPY knock-out option barriers at 111.25, 111.50, 112.00 which, if triggered, could push up pair further. BOJ tankan data "not that bad, but the latest trend is to buy dollars," so USD/JPY likely to head for 112, EUR/USD to target 1.1900 in near termsays

Bank of America Tokyo FX head Ryuichi Atsuta

Ldn 05:29 GMT July 1, 2005 Reply   
Germany braces for no confidence vote
German Chancellor Gerhard Schröder is set to ask members of his Social Democrats and his coalition partner the Greens to abstain in a no-confidence vote later on Friday. The motion is aimed at forcing early elections in September. Schröder shocked the nation on May 22 when he announced plans to bring the federal election forward by a full year, after a stinging defeat for his party in the large German state of North Rhine-Westphalia. Schröder's rationale for holding the vote is that his government no longer has the parliamentary support necessary to push through its policies. If all goes as planned, President Horst Köhler will dissolve the parliament within 21 days and order new elections, probably on September 18.

Miami OMIL (/:-> 05:20 GMT July 1, 2005 Reply   
FWIW I have a descending triangle in the intra day charts for the eur/usd pair. Top right now is around 2140-50 and bottom is around 2000-20 for now. Intra day indicators are now turning bearish but until those barriers are broken we are in a range trading that is getting smaller as the week ends. If 2000-10 is take it is possible I will see the key support (1980-70) taken and 1950 print this time around IMHO. Peace and GT

Ldn 05:17 GMT July 1, 2005 Reply   
Schröder prepares for confidence vote

Dallas GEP 05:17 GMT July 1, 2005 Reply   
Took Profit on SOME of the eur/usd shorts.

la oleg 05:14 GMT July 1, 2005 Reply   
JR London, Herts 05:02 // fwiw, july is the best month for selling kiwi... you should do well.

chicago goofy 05:08 GMT July 1, 2005 Reply   
who ever thought cable and kiwi would be the best trade this week? Wat a week! Best trade now!! SHORT EURO. Dollar index ready to break 90.5, marching to 92!!

JR London, Herts 05:02 GMT July 1, 2005 Reply   
If 6900 goes kiwi...will add to posi and sell any up tickspoential for 67's and change

Ldn 05:02 GMT July 1, 2005 Reply   
EUR/USD Outlook: Vulnerable As New Month Gets Underway


IFR newswire header

St John's ET 04:58 GMT July 1, 2005 Reply   
Wow... if this onslaught continues, we'll soon we wiping our asses with sterling!

Rye, NY et 04:52 GMT July 1, 2005 Reply   
Eur/Usd: We might see some bounce from 1.2063, then, if breached we're looking for yesterday's low...fwiw...

Sydney E.M. 04:47 GMT July 1, 2005 Reply   
NZD/USD remains on back foot after hitting near 6-month low of 0.6929 overnight; last at 0.6940 vs 0.6948 at open after trading 0.6935-0.6973 range. ANZ Bank's Mark Elliott says selling interest on rallies continues to pressure Kiwi as Fed rate hike narrows interest rate differentials; "our weak economic data, falls in the commodity index and the convergence of interest rates between the U.S. and New Zealand have hit the Kiwi." Tips 0.6900 to hold overnight, 0.6980 to cap with preference to sell rallies.

Caribbean! Rafe... 04:36 GMT July 1, 2005 Reply   
Top managers of India's best run companies.

http://economictimes.indiatimes.com/quickies/1156613.censored

Caribbean! Rafe... 04:27 GMT July 1, 2005 Reply   
Pepsi to market chemical-free, cheaper fertiliser in India.

http://economictimes.indiatimes.com/articleshow/1154912.censored

melbourne farmacia 04:20 GMT July 1, 2005 Reply   
London. 03:24 GMT
Would assume current sub 1.79 lows remain short term insurgent zone based on weekly linear readings..... also note M/T cable players nailed their first objective in 1.7870/80 zone from upper channel resistance ( 1.9200 )..Personally covered all cable positions with channel objective met. Couple of fib levels worth noting on general dollar strength & lower channel break...1.9215 – 1.7997 with 1.8330 retrace targets 1.7706 being 50% projection... GT

St John's ET 04:15 GMT July 1, 2005 Reply   
Theres your euro breach...

Caribbean! Rafe... 04:00 GMT July 1, 2005 Reply   
euro- until now we have not been able to breach 12078 makes me doubt if euro will truly short to 12034-11973 today.

Haifa ac 03:53 GMT July 1, 2005 Reply   
hong kong nt 03:49 // Not if EVERYONE notices it. SHould be more tricky.

hong kong nt 03:49 GMT July 1, 2005 Reply   
Euro -- First trading day of 2005H1 marks the high for H1. Would first trading day of 2005H2 marks the low for H2 ??

London. 03:24 GMT July 1, 2005 Reply   
GBP/USD Targets 1.7745 - BNP Paribas--------Continuous stream of negative data from UK triggers further decline in UK interest rate expectations, undermines support for GBP, write BNP Paribas FX strategists. UK government cut 1Q GDP forecast to 2.1% from 2.7% on-year; Gfk consumer confidence survey also weaker than expected. Latest house price survey from Nationwide shows continued falls; say on-year decline in house prices likely to be recorded by major indexes within couple of months. Expects GBP/USD now targets 1.7745; currently steady at 1.7909 after falling as far as 1.7893 in Asian morning.

SanFrancisco analyst 03:18 GMT July 1, 2005 Reply   
Feeling lucky so closing the Aud/usd.

Sydney E.M. 02:55 GMT July 1, 2005 Reply   
4CAST -FX AUD/USD update Downside pressure to increse sellers from 27 Jun deepening

The 7645/46highs are providing a near term barrier with a break to the 7680 intraday congestion base not looked for . Prices are expected to swing still lower, with a break of the 7581/90 lows signalling deeper reactions to .7547. Potential is for still deeper losses, as the bear signal from 27 June deepens

Syd 02:46 GMT July 1, 2005 Reply   
Westpac Bank economist Jonathan Cavenagh says Australian retail trade growth in May mainly in department store, clothing, soft goods segments, reflecting decision by retailers to bring forward winter sales. Adds, taking those factors into account, it will be difficult for retail market to sustain monthly growth levels In terms of rates, expects RBA will be happy about monthly rise

London. 02:35 GMT July 1, 2005 Reply   
Federal Reserves officials may have surprised few in hiking interest rates Thursday, but they did catch some unaware with their tough inflation assessment.

That helped bolster sentiment that the central bank will continue to push interest rates higher as the year advances.

Economists pointed to the Fed's post meeting policy statement, which referred to price pressures as having "stayed elevated," as key evidence that more rate hikes are coming. "We would characterize this as more hawkish," said Thomas Porcelli, an economist with Merrill Lynch in New York. "It's clear they continue to view the economy is on solid footing" and have an unexpectedly dour view on inflation, he said.

The Fed's inflation stance will likely be hard to swallow for the bond market, which has seen steady economic data showing inflation pressures appearing to trail off and where many were weighing the prospect of a near term pause in interest rate hikes. Some are holding their judgments of the meeting for now, saying they want to see what Fed Chairman Alan Greenspan tells Congress next month as part of his semi-annual testimony on the economy, in the belief that if the Fed wants to signal a major change in direction, Greenspan will use that forum and the broader room it offers to explain the change in outlook.

For the most part, almost all aspects of the Fed meeting conformed to the expectations that surrounded the gathering. The Federal Open Market Committee hiked its overnight target interest rate for the ninth time, pushing its overnight target to 3.25% from 3.00%. A year ago, it started tightening when the federal funds rate stood at 1%.

London. 02:20 GMT July 1, 2005 Reply   
Cut in growth forecasts raises prospect of rate reduction

Government statisticians slashed their estimate yesterday of economic growth this year as an abrupt slowdown in consumer spending put financial markets on notice for an early cut in interest rates.
"The downward revisions make an August cut much more likely," said Simon Rubinsohn, the chief economist at Gerrard stockbrokers. "As for the Chancellor's forecasts, the time for eating humble pie has come."

Nick Stamenkovic, an economist at RIA Capital Markets, went further saying the monetary policy committee would cut rates next week unless there was a bounce in key business surveys coming out either side of the weekend then.

"It's a case of when rather than whether for rate cuts," he said. "If the surveys of manufacturing and services show a real weakness then the MPC will react quickly."



http://news.independent.co.uk/business/news/article295995.ece

NJ RT 02:04 GMT July 1, 2005 Reply   
All my indicators and my charts shows aussie bearish ... 7640 was a good entry point, but I missed it ... GT

SanFrancisco analyst 01:44 GMT July 1, 2005 Reply   
lol guys. I bit the bullet and went long just below the figure and have locked against taking a loss, no jump no pool.

Philadelphia Caba 01:31 GMT July 1, 2005 Reply   
Australian Retail Sales For May Rose 0.9%

Philadelphia Caba 01:27 GMT July 1, 2005 Reply   
SanFrancisco analyst 01:21 GMT July 1, 2005

Should shorted aussie at .7640 but wasn't sure...staying flat for now...

Atlanta South 01:26 GMT July 1, 2005 Reply   
San Francisco Analyst::::I too am starting to have the same thoughts. Whatever you expect, it just never happens. What a business. Gt

Ldn 01:23 GMT July 1, 2005 Reply   
AUD/USD: Eases Below 0.7600 And Looking Vulnerable

IFR newswire header

SanFrancisco analyst 01:21 GMT July 1, 2005 Reply   
Thanks for reminding me Caba.

The thing is I think forex has become just a money mowing machine by bigger money and they just use the data most of the time to create liquidity. The much larger data issues and global concerns of course still will run major trends. I stopped thinking rationally a while ago in terms of what should happen in the market and it works better than expecting logic. :)

Philadelphia Caba 01:09 GMT July 1, 2005 Reply   
AUD Retail Trade and Building Approvals in 20 min.

Caribbean! Rafe... 01:07 GMT July 1, 2005 Reply   
Euro targets...


1.2034
1.2003
1.1973

Syd 00:57 GMT July 1, 2005 Reply   
Deflation concerns may be emerging in China: 3Q CPI growth may stay within 1%, says Song Guoqing, professor at Peking University's economic research center; doesn't rule out that CPI could fall to zero on single month basis during that period, even contract, as reported recently by China Business Times. Latest views do appear to be pointing toward lower-than-expected prices: Yesterday, a Development Research Center executive was reported to have estimated full-year CPI within 3%; earlier this year, PBOC cut outlook for 2005 CPI to between 3-3.5% vs initial forecast of within 4%.(

Sydney 00:50 GMT July 1, 2005 Reply   
Global-View GVI Research 23:54 GMT June 30, 2005
Sydney 23:34 GMT June 30, 2005 - those charts are produced by us from our database

Am I possible to access to these charts?

Melbourne Qindex 00:35 GMT July 1, 2005 Reply   
Review of GBP/USD Directional indicator

June 27
x.xxxx - 1.8197
low/high = 1.8222/1.8315, closed = 1.8278

June 28
x.xxxx - 1.8247
low/high = 1.8151/1.8293, closed = 1.8163

June 29
x.xxxx - 1.8082
low/high = 1.7995/1.8181, closed = 1.8055

June 30
1.8017 - x.xxxx
low/high = 1.7870/1.8105, closed = 1.7906

July 1
y.yyyy - x.xxxx



The market is neutral when it is trading between the daily and weekly cycle's "super magnet" which is the center of my projected series. It is negative when it is trading below and moving away from the neutral zone. In other words the market has a tendency pulling towards the neutral range if it is losing momentum.

Note : There is a cross-over in the neutral zone on June 29 (a shift in position from x.xxxx - y.yyyy to y.yyyy - x.xxxx and the market penetrated through 1.8000 mark.

Toronto 00:35 GMT July 1, 2005 Reply   
someone make eur jpy go down to 132.76

then i can sleep

KL KL 00:31 GMT July 1, 2005 Reply   
ok range playing time for gbpusd 1.7889-1.7913...I am playing it for as long as I can long and short 5 pips near those ranges with tight sl and take the 5 pips on offer...enjoy the entree

jeddah frank 00:28 GMT July 1, 2005 Reply   

HI ALL,

ANY COMMENT FOR JPY/USD ?

I TOOK LONG AT 109.80


CAN ANY ONE TILL ME GOOD ENTRY FOR LONG WITH STOP

PLS IF YOU DONT MInD

THANKS FOR HELP

SanFrancisco analyst 00:12 GMT July 1, 2005 Reply   
May see a break but think probabilities favor figure holding for some hours even if a few very close stops are taken out. Tomorrow could be another story.

SanFrancisco analyst 00:02 GMT July 1, 2005 Reply   
Caba - already a buyer and hoping this retracement holds to add another after closing first. Otherwise selling retracements of a downside break.

Caribbean! Rafe... 00:01 GMT July 1, 2005 Reply   
sorry.lol.. mistook nfp for tomorrow.

 




Actionable trading levels delivered LIVE to YOUR charts

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

Mon 27 May 2019
AAGB/US- Holiday
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