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Forex Forum Archive for 09/1/2005

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GVI Jay 23:59 GMT September 1, 2005 Reply   
Oil MAn, could you please email me.

UAE Oil man 23:50 GMT September 1, 2005 Reply   
Evening/morning,

Every year, we get surprised by a common occurence :
the September move..the move starts abruptly as people get back on the trading chairs, and as the liquidity picks up , the volatility increases and the tight summer range breaks.
The move usually starts poking one side of the range and crowds follow this last move and suddenly it bounces and goes off to the other side of the barrier picking up contras on the way rolling off it s own steam...
The crowd ends up chasing the move ;while the prices go through the 400-800 big summer's range..

So here, even though i'd like that euro down, for my existing/previous positions , even psychological state of mind, however looking at existing geo-eco-political conditions, then looking at the charts, seeing signs of constriction and little but good starting of daily bullish pattern..if it keeps going up i prefer being long particularly in september..
My previous comment few months or so on here to short euro's above 1.24 which during the summer has had many profitable unfolding opportunities, needs updating.
Things to watch for : 1.2505 , 1.2675.(fibo + ma there)
DownSide : 1.2394-55 -1.2275

Break of any sides here should bring a nice Volatility , a nice quick way here is to pickup some vols% and go to sleep Till january , so as for FX if you are not in the market:stay out till one of those prices break, and follow the flow..


In short medium term:
Shorting euros is okay(now at 1.2485) as we are on the higher point of the previous sell points(1.24+), looking for a downside break at 1.2355 for decent pips grabbing below the 1.2275 just watchful of and out at 1.2520(even the possibility to go with a few longs there) and definitly changing views (and reassessing the situation) at 1.2670, as this might pave the way for a new uptrend.

GL 2 all.

YYX MAXXIM 23:49 GMT September 1, 2005 Reply   
STAIRLING-USD For the time being, we will O be remaining with our idea of the rate fluXtuating around this 1.8000 mark, and we should continue to experience some see-sawing for some while yet.

London. 23:47 GMT September 1, 2005 Reply   
It appears ironic that it is a hurricane that turns the financial markets more optimistic. The financial markets have been viewing the Federal Reserve's tightening cycle with increasing dread, as it was clear it “was taking away the punchbowl just when the party is getting good”. Many argue that this is the function of a monetary authority. The Fed speeches made it clear that they were managing asset prices rather than the economy, and this means that interest rates would continue to be increased until the housing bubble was pierced. Now that the US has had a natural disaster it is assumed that the Fed will quickly lose its nerve and halt its tightening cycles. The market has reacted by taking equities and emerging currencies higher, and the yields on government debt and credit spreads are falling. The markets are clearly taking on risk, but this strategy has some downside.
fxc

Syd 23:08 GMT September 1, 2005 Reply   
EUR/USD biased up after overnight surge as Bush-Greenspan meeting, weak U.S. data, concerns over damage brought by Katrina have raised talk Fed may pause in rate hikes; but trader at major Japan bank says pair may hold below 1.2530 in Asia, where speculators may take profit on view U.S. firms to sell EUR to repatriate assets in Europe. Traders also awaiting U.S. payrolls tonight

Syd 23:07 GMT September 1, 2005 Reply   
4Cast's Alan Ruskin says FOMC August minutes show members still preoccupied with inflation - "nothing in this event (Hurricane Katrina) is going to sound the all clear on inflation."

Key Largo OMIL 23:04 GMT September 1, 2005 Reply   
Interesting move in the market today. Again my days are off if not my position. Last month I said the same thing about thursday and friday came to be a very slow day. For those that the market caught wrong I hope you keep your chin up and get ready for battle once again there is always a chance to make or lose money in the market. Today's move tested but did not break the key retracement number. Daily charts are now fully bullish as I mentioned on my last comments. The problem could be on the short term charts that are O/B at this point and a retracement could take place soon but I have not confirmation of that yet. I am sorry but I do not have my usual chart setup where I am now so I will not be able to give details as I usually do. I hope the best to you all and remember not to let the emotions in victory or defeat make you lose concentration of your goals. Peace and GT

Ldn 22:58 GMT September 1, 2005 Reply   
MARKET TALK: Any Fed Pauses Could Cause Inflation Worries

hk ab 22:53 GMT September 1, 2005 Reply   
jf//what's your view on usd in the coming 2 months? TIA.
Yes, there're many to learn. And most newbies join usually in the summer.

Caribbean! Rafe... 22:48 GMT September 1, 2005 Reply   
12732
12563
12358
12138

Caribbean! Rafe... 22:46 GMT September 1, 2005 Reply   
12563 to be exact.

If we breach that to the upside we touch 12712-32.

Toronto YV 22:46 GMT September 1, 2005 Reply   
dc fxq , thanks , the problem was on my side.

Toronto MRC 22:42 GMT September 1, 2005 Reply   
Last line of defense 18400 cable and 12555 so rafe that may be a great sell level. imho
To add to inflation concerns this weaker dollar doesn't help.

Caribbean! Rafe... 22:31 GMT September 1, 2005 Reply   
I am selling euros at 12550 if seen with a 40 pip stop.

Halifax CB 22:30 GMT September 1, 2005 Reply   
Re. USDCAD; now that things seem to have settled down a bit I thought to look at the numbers from Ivan last year. Previously I posted numbers from the hurricane to the friday of the following week; what is perhaps more telling is the numbers from the post hurricane high to the lowest point before the first reversal (Oct 4, 2004) - 1.3060 down to 1.2590, or 470 pips. Each day's high was lower than the previous days until the next to last day of the move.
Anyway, I put a link to a chart of the period, use at your own risk :)
LINK

dc fxq 22:27 GMT September 1, 2005 Reply   
Toronto YV 22:13 GMT


No.

Atlanta South 22:19 GMT September 1, 2005 Reply   
Toronto MRC////your 20:49 post has merit for the most part, but you & i know the answer to your last sentence is a strong NO. gt

Lahore FM 22:17 GMT September 1, 2005 Reply   
nj jf 22:16 GMT September 1, 2005
Very well said.

nj jf 22:16 GMT September 1, 2005 Reply   
as long as everyone has learnt something this last 2 days thats a very good start. for those that find themselves caught in bad positions or have suffered losses think of it as the price of an education and what is a negative today will come back as a positive at a later date. it is not a bad thing to be square and/or to take a break to clear the mind - gl gt

Toronto YV 22:13 GMT September 1, 2005 Reply   
Does anybody experience the problem to log on to o * a * n * d * a ?

Lahore FM 22:10 GMT September 1, 2005 Reply   
usd/CAD longed at 1.1830 with 1.1793 stop.

Ldn Delboy 22:04 GMT September 1, 2005 Reply   
Pictures coming from hurrican area are too disturbing, hope they are not typical.

Lahore FM 22:00 GMT September 1, 2005 Reply   
CORRECTION**

Lahore FM 21:48 GMT September 1, 2005
Talking one's position is one thing and talking charts is another.Did not get much time last two days even during US data releases to see much price action or otherwise the ride might have been more profitable.That said,The Weeklies for almost all pairs speak of a posibility of anything between 125 to 250 points corrections across the board and what could be a better day for that than a NFP Friday.A call for** 1.25 two days back at** 1.2170 would have looked like a pipe dream,but some had been making such calls for some time.Even i did say that much that 1.2160/80 is the very last fort for Euro bulls and that it would be defended by all possible means.So a call for a considerable correction and that too in the very short term is being made with this post.Only market can make one right or wrong.gtgl all.



Lahore FM 21:48 GMT September 1, 2005 Reply   
Talking one's position is one thing and talking charts is another.Did not get much time last two days even during US data releases to see much price action or otherwise the ride might have been more profitable.That said,The Weeklies for almost all pairs speak of a posibility of anything between 125 to 250 points corrections across the board and what could be a better day for that than a NFP Friday.A call at 1.25 two days back for 1.2170 would have looked like a pipe dream,but some had been making such calls for some time.Even i did say that much that 1.2160/80 is the very last fort for Euro bulls and that it would be defended by all possible means.So a call for a considerable correction and that too in the very short term is being made with this post.Only market can make one right or wrong.gtgl all.

Sydney 21:47 GMT September 1, 2005 Reply   
Harder they fall: Sydney's biggest housing slump
Sydney home prices have suffered their sharpest annual fall on record as the property market continues to slump - and experts are tipping the slide to continue for the next few years.

The price of an average established home in Sydney fell 5 per cent last financial year, the biggest drop since the Bureau of Statistics began keeping records two decades ago.
The results are a far cry from the 20 per cent growth rates during the peak of the property boom, with prices now falling faster than during the recession in the early 1990s

GVI Research 21:38 GMT September 1, 2005 Reply   
More


GVI Research 21:36 GMT September 1, 2005 Reply   
Big moves

Syd 21:33 GMT September 1, 2005 Reply   
Toronto MRC 20:49 GMT correct .

Ldn Delboy 21:25 GMT September 1, 2005 Reply   
Coffee prices rally on New Orleans processing halt.

GVI Research 21:25 GMT September 1, 2005 Reply   
Due Friday

Philadelphia Caba 21:12 GMT September 1, 2005 Reply   
NEWS: Fed"s Fisher Uncertain Over Policy Impact

Ldn Delboy 21:07 GMT September 1, 2005 Reply   
Toronto MRC 20:49 GMT
Did you know that UN always complaines that most countries promise lots of aids but do not deliver it! Lets take a look at some of the latest disasters and check the promisses against what was actually delivered. Only people's help (and only part of it reaches) the people in need.

jeddah frank 21:03 GMT September 1, 2005 Reply   
Lahore FM 19:53 GMT September 1, 2005
hi FM,
any comment for eur/usd and gbp/usd
what do you think for short euro and gap/usd?
thanks

Toronto MRC 20:49 GMT September 1, 2005 Reply   
The fact Greenspan did not make an appearance after his lunch with Bush suggest Greenspan may not have told Bush what he wanted to hear.
Despite the fact I know I will be ridiculed for writing this, I would like to suggest that the Fed should not alter it’s path of rate increases and it should signal this soon.
Increasing money supply in a market suffering from a supply shock is inviting drastically higher prices. More money less supply equals higher prices. Bush cannot count on private money rebuilding New Orleans and related infrastructure as rapidly as is necessary so the Fed increasing liquidity won’t accomplish this.
If the market is to believe this is a temporary economic problem the Fed has to believe it’s temporary. The stock market will react badly if the Fed presses the panic button.
If inflation gets out of control the Fed will be chasing inflation for years with rates a censored of a lot higher the 4.25%.
As a side note I think some of the markets move against the dollar is qualitative. The US can get aid anywhere in the world in 24 hours for whatever the crisis de jour but has failed to look after it own people almost 4 days later. The behaviour of some in New Orleans is a disgrace but given the levels of desperation understandable. If this had happened in Malibu or Tribeca would government response have been so slow.

Lahore FM 20:42 GMT September 1, 2005 Reply   
chgo JB 15:36 GMT September 1, 2005
JB,thanks for the replies.I had left by the time u responded.Just went to the archive to see your replies to my post addressed to you.Thanx.

Prague viktor 20:16 GMT September 1, 2005 Reply   
BB..many thanks..G/L

Ldn Delboy 20:07 GMT September 1, 2005 Reply   
Van jv 19:52 GMT September 1, 2005

Name one country that does not have those problems (apart from the war). Unemployment is almost twice in EU, and the economy has been in recession for almost two years, and there is a lack of confidence in US administration in the EU!

Lahore FM 19:53 GMT September 1, 2005 Reply   
Long USD/JPY at 109.85,109.58 offer stops.Short Aussie 0.7620,4 positions,0.7642 stops.

USA Biscuit Boy 19:52 GMT September 1, 2005 Reply   
Hi Viktor. I don't know if low 85's will hold but that is the next logical target for me and if I need to buy dollars this is where my bids would be. The dollar should not have given up the last big support so further down IMO. I would not go long the dollar again until it moves back above the 50 day ma and then comes back for a retest and then target up to the next big resistance.....that is 90's right now.

But these days are extremely volatile. We still have 2 more months of hurricane season left in the US and terrorists plotting just about everywhere etc etc so you have to remain flexible.

Van jv 19:52 GMT September 1, 2005 Reply   

Dollar Declines as
U.S. Factory Index Suggests Slower Growth/NYC 19:30
loss of confidence in US administration
mess in Iraq and New Orleans
gold sharply up
Expectation of poor employment numbers
recession ahead
anything else?
which is No 1?

Los Angeles TR 19:52 GMT September 1, 2005 Reply   
the Fed is closer to moving to a pause in monetary policy. Once the Fed signals a end to there cycle of rate hikes, the market will resume selling the dollar like it did in the 2nd half of 04. I am hoping that we have a strong non-farm payroll number tmw then I can buy the Euro cheaper.

Livingston nh 19:50 GMT September 1, 2005 Reply   
MRC, jf - thanx -- just seems spiky moves on no news

Ldn Delboy 19:49 GMT September 1, 2005 Reply   
nj jf 19:42 GMT
I agree with you 100%, the current market move is a reaction to the Hurricane, if it is mannged properly USD will be up and running again. It was only two months ago when GBP went down to 1.73 because of the 7/7 and now it is up and running again.

Prague viktor 19:43 GMT September 1, 2005 Reply   
USA Biscuit Boy 19:31 GMT September 1, 2005
Hi BB,,thanks for ur great posts ..u mean the 85,10 will hold and will go back to the 90.TIA G/T

nj jf 19:42 GMT September 1, 2005 Reply   
just no reason to buy usd while there is doubt over fed rate hikes - so this squeeze price action will continue i feel - hard to pick tops in that environment 1.2550 1.26 1.27 let the mkt tell us first. gl

Stockholm za 19:41 GMT September 1, 2005 Reply   
Stockholm st >>>
If around- can i have your email from Jay ??

Spotforex NY 19:40 GMT September 1, 2005 Reply   
The last thing these looters need is a sand wedge.......

Ldn Delboy 19:35 GMT September 1, 2005 Reply   
Correction: I meant Gulf when I said Golf.
PS: I am becoming qualified for being a president soon!

Livingston nh 19:34 GMT September 1, 2005 Reply   
nj jf 19:19 GMT September 1, 2005 - do you see a trend change, too?

USA Biscuit Boy 19:31 GMT September 1, 2005 Reply   
Well the dollar index well and truly broke the previous range and my next target is 85.10. Let's not forget some big chunks of money coming back to the US for a tax break in the 4th quarter.....I'd be looking to buy those dollars against the euro with a 1.27 handle....gl and gt.

jkt-aye 19:28 GMT September 1, 2005 Reply   
...and i'm good on flat. LOL

chgo JB 19:27 GMT September 1, 2005 Reply   
Ldn Delboy 19:18 GMT September 1, 2005
Bush is sending help to Golf Couch! (I think he means Golf Coast)

and I think YOU mean Gulf Coast! ;)

Ldn Delboy 19:23 GMT September 1, 2005 Reply   
nj jf 19:19 GMT
And some are good at scalping!

nj jf 19:19 GMT September 1, 2005 Reply   
tr- thats because you get used to trading a range - the first couple of days like this u use old levels and get screwed abit - but recently we get into a day pattern with not alot of anti movement so thats a good guide to your fortunes - some people are good range traders some are good trend traders - cant be everything - gl

Toronto MRC 19:19 GMT September 1, 2005 Reply   
delboy I thought he was sending aid to his "golf coach" lol

Ldn Delboy 19:18 GMT September 1, 2005 Reply   
Bush is sending help to Golf Couch! (I think he means Golf Coast)

Toronto MRC 19:16 GMT September 1, 2005 Reply   
Livingston nh 19:09 GMT September 1, 2005

The usd had been supported by actual + expected increases in interest rates

chgo JB 19:15 GMT September 1, 2005 Reply   
Helsinki iw 19:07 GMT September 1, 2005
Don't forget we are frequently also trying to pick bottoms.

LOL...

Caribbean! Rafe... 19:11 GMT September 1, 2005 Reply   
forgot to add it is for euro.

Caribbean! Rafe... 18:47 GMT September 1, 2005
one level has to breach to confirm the next. it's september 1 today.. new month and power packed moves.

it won't pass 12712 IMO.

12712
12549
12351

Livingston nh 19:09 GMT September 1, 2005 Reply   
TR - what are you looking at? - none of the Techs support that (wkly or mthly) - the fundamentals on interest rates are still in favor of USD (Canada 10 yr spread back to 30bps)

Helsinki iw 19:07 GMT September 1, 2005 Reply   
Don't forget we are frequently also trying to pick bottoms.

Los Angeles TR 19:03 GMT September 1, 2005 Reply   
The more I read this forum, the more it seems like the majority of traders are trying to pick a top over and over and over. We are on new grounds, fds. This dollar has turned for good. We haven't seen any pullbacks because the corps., funds and money center banks are selling the censored out of this buck. The dollar is going much lower in the 4th qtr and in to 2006. Yes it will not be in a straight line, so don't chase it. wait for a correction and stop trying to pick the tops. It sucks losing money by being on the wrong side of a major move, I know I've been there many times myself. cheers and be patient

Livingston nh 18:56 GMT September 1, 2005 Reply   
yes

Toronto 18:50 GMT September 1, 2005 Reply   
nh

ur stop is 1.1793?

Livingston nh 18:49 GMT September 1, 2005 Reply   
Aussie now targeting 200 da sma around 0.77 - Cable 200 da up at 1.8580 but 1.8405 is resistance back to June // adding again to long USD/CAD nuisance position - setting a self destruct at 1.1793 - techs don't support this at all

Ldn Delboy 18:47 GMT September 1, 2005 Reply   
chgo JB 18:45 GMT
I went long GBP @ 1.8315

chicago goofy 18:47 GMT September 1, 2005 Reply   
Temprary issue, GWB said.

Caribbean! Rafe... 18:47 GMT September 1, 2005 Reply   
one level has to breach to confirm the next. it's september 1 today.. new month and power packed moves.

it won't pass 12712 IMO.

12712
12549
12351

Toronto 18:47 GMT September 1, 2005 Reply   
dangerous area here guys...euro back at 1.25...and my account is back to where it was when euro was 1.25....kind of seems like this whole summer was a waste...

don't want to long it, don't want to short it

chgo JB 18:45 GMT September 1, 2005 Reply   
why aren't you long then Delboy?

Ldn Delboy 18:44 GMT September 1, 2005 Reply   
Caribbean! Rafe... 18:36 GMT
I can only see it going up! forget about target.

ml 18:38 GMT September 1, 2005 Reply   
my target is 1,2460

Caribbean! Rafe... 18:36 GMT September 1, 2005 Reply   
target on euro 12549!

Ldn Delboy 18:34 GMT September 1, 2005 Reply   
now, lets hope G W Bush and Greenspan had a good lunch!

Ldn Delboy 18:32 GMT September 1, 2005 Reply   
Farnham SFH
Any money left for holidays?

dc fxq 18:30 GMT September 1, 2005 Reply   
Ldn Delboy 18:26 GMT

got it! :)

nj jf 18:27 GMT September 1, 2005 Reply   
Singapore Alimin 18:12 GMT September 1, 2005
yes once the day trends come in - theres little retracements not a nice day to be long usd

Farnham SFH 18:26 GMT September 1, 2005 Reply   
New york morning open has certainly set the trend last few sdessions..

Ldn Delboy 18:26 GMT September 1, 2005 Reply   
dc fxq 18:24 GMT
Lunch time I mean.

dc fxq 18:24 GMT September 1, 2005 Reply   
after NY afternoon open ...

not familiar with any "opening" at 14:30 just the IMM close at 15:00.

Singapore Alimin 18:23 GMT September 1, 2005 Reply   
there you go euro 1.25 and we dont even need NFP thanks to self-feeding nature

chgo JB 18:22 GMT September 1, 2005 Reply   
and the stop-fueled fire continues...

*shakes head*

saloniko nk ..1.4688 18:22 GMT September 1, 2005 Reply   
Good Evening....

hk ab...

focus on... $/cad....

study daily,weekly and monthly chart and read some V.G posts about it...

nk

van Gecko 18:20 GMT September 1, 2005 Reply   
hk ab 16:02.. good m/t trading opportunties only present themselve few times a year.. the 'star crossed' loonie under-shooting here 1.1850->1.1750 may be at pre-Thangiving discounted accumulation levels for some patient m/t BS players looking for a 8 to 10/18 figure plus carry payout risking a weekly close below 1.17..

USA Biscuit Boy 18:18 GMT September 1, 2005 Reply   
aussie testing 100day ma at 35.

Ldn Delboy 18:16 GMT September 1, 2005 Reply   
dc fxq 18:13 GMT
Between 12:30 to 14:30 NY time, market moves strangely, after NY afternoon open it finds its real direction in my experience.

perrie como 18:14 GMT September 1, 2005 Reply   
I like this Yen

Ldn Delboy 18:13 GMT September 1, 2005 Reply   
It is on the news that people are looting and shooting! Why don't they just lock them in and open the sea defence walls!

dc fxq 18:13 GMT September 1, 2005 Reply   
Ldn Delboy 18:08 GMT

meaning ??????

Singapore Alimin 18:12 GMT September 1, 2005 Reply   
you guys are unbelievable...just give it a break for today or else you won't get what you wanted...stop losses keep getting hit and we have lower and lower usd...feel sorry for those without stop loss and dragged into this mess....just afraid a lot will be like 'frogs in a slowly boiling water' by the time one realises it, it will regrettably be too late

chicago goofy 18:09 GMT September 1, 2005 Reply   
JB, I meant the move after I sold it.

hk ab 18:09 GMT September 1, 2005 Reply   
anyone interested to play the DNT with the sharks at 1.25?
tempted to sell some, very tempted.

Ldn Delboy 18:08 GMT September 1, 2005 Reply   
dc fxq 18:06 GMT
we will findout in 30 min (14:30 NY time)

chgo JB 18:07 GMT September 1, 2005 Reply   
censored I'd love to short Cable too... but like I keep stating,
we're never going to get this topping process finished
as long as specs keep trying to pick the top. Just put
a trailing Sell Stop 100 pips below the Market and walk
away...

dc fxq 18:06 GMT September 1, 2005 Reply   
that post from goofy is an indication of problems ahead IMO.

Ldn Delboy 18:03 GMT September 1, 2005 Reply   
cable bite too! very bad bites.

chgo JB 18:02 GMT September 1, 2005 Reply   
you considerl over 500 pips in 48 hrs "little by little" ?

chicago goofy 18:00 GMT September 1, 2005 Reply   
I love this cable.....just climb little by little. Lets rock, I can afford to it.

hk ab 18:00 GMT September 1, 2005 Reply   
Kevin//put a tight stop under 1.18.

Ldn Delboy 17:58 GMT September 1, 2005 Reply   
I wonder what made Eur/Gbp lag the last couple of days? It all started at London Cut today!

USA Biscuit Boy 17:55 GMT September 1, 2005 Reply   
Cheers John just found it 3 month plus 10 year nice thnks.

chicago goofy 17:54 GMT September 1, 2005 Reply   
Anyone played poker here. I am goofy played at World Poker Exchange.

chicago goofy 17:51 GMT September 1, 2005 Reply   
8% pullback is ok for me. I have allin.

Thanks ALL!

GVI john 17:50 GMT September 1, 2005 Reply   
Biscuit Boy --
Left side bar "interest Rates"

Ldn Delboy 17:48 GMT September 1, 2005 Reply   
... shallow pull backs indicate that all big players agree on the direction.

USA Biscuit Boy 17:47 GMT September 1, 2005 Reply   
Hi guys. Does anybody have a link to a site that publishes bond yields for different countries all on one page? TIA

Ldn Delboy 17:46 GMT September 1, 2005 Reply   
chicago goofy 17:34
In MHO, this is not a typical situation so I would not count on 38%, 62%, etc, I think they keep going up for a while with very shallow pull backs.

london iain 17:41 GMT September 1, 2005 Reply   
i'm actually looking (hoping) for 62% of 1.7270 - 1.83** - that's the most typical retracement for a 2nd wave, which is the count i'm working with at present. Thereafter I'd be a big bull, looking for 1.85+++.

YYX MAXXIM 17:35 GMT September 1, 2005 Reply   
Van jv 16:52 GMT September 1, 2005
tranlate -soft wood agreement-MADERA DE CONSTRUCCIÓN DE MADERA SUAVE WTO bi po lar

Farnham SFH 17:35 GMT September 1, 2005 Reply   
Ldn Delboy
lol...after today my wallet will be a tad lighter...

chicago goofy 17:34 GMT September 1, 2005 Reply   
Cable expert, how much pullback you are expecting?
32% of 500 pips?

Ldn Delboy 17:33 GMT September 1, 2005 Reply   
Farnham SFH 17:27 GMT
Don't take too much stuff with you, you may be taken for a looter!

london iain 17:31 GMT September 1, 2005 Reply   
sounds fair enough to me mate...here's hoping then!!

hk ab 17:29 GMT September 1, 2005 Reply   
Kevin//add some more at 1.1815.

Farnham SFH 17:27 GMT September 1, 2005 Reply   
Ldn Delboy

Flights at 7.am in the morning...I missed the boat thats for sure!

Ldn Delboy 17:25 GMT September 1, 2005 Reply   
Opps the last post was for Farnham SFH

Gen dk 17:25 GMT September 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Ldn Delboy 17:24 GMT September 1, 2005 Reply   
london iain 17:22 GMT
You will miss the flight! You said bye two hours ago!

Farnham SFH 17:24 GMT September 1, 2005 Reply   
london iain
Trouble is for me I am away for 4 days and with NFP tomorrow and long week end in US I would be happy with a 50 tick down move and go away with some peace of mind..

chicago goofy 17:24 GMT September 1, 2005 Reply   
short cable, last one out at breakeven..

YYX MAXXIM 17:23 GMT September 1, 2005 Reply   
33 al fab ET H (who's language i sitH) ? будет языком будет им? meta trader

london iain 17:22 GMT September 1, 2005 Reply   
joining you sfh. I'm looking for 1.76/1.77!!! 50 pip stop.

Farnham SFH 17:17 GMT September 1, 2005 Reply   
ok ...final stab at this for today...sold cable at 1.8320...

chgo JB 17:17 GMT September 1, 2005 Reply   
if small specs would just stand aside for a while,
we could get this blow-off top over with and get
some positions on with potential...

chgo JB 17:13 GMT September 1, 2005 Reply   
SA mk 17:11 GMT September 1, 2005

I'd let it be. The sharks are simply preying on Top-pickers
now, using their eventual short-covering to fuel an
over-extended move. I say screw em. Sit on your hands
and wait for them to run out of suckers.

SA mk 17:11 GMT September 1, 2005 Reply   
Can anyone give an opinion of the eur/usd, I think of going short here but am not sure?

Ldn Delboy 17:11 GMT September 1, 2005 Reply   
Guys, we all have to help, more than 1000,000 people have become homeless and jobless.

Toronto MRC 17:02 GMT September 1, 2005 Reply   
Alimin He is not on the schedule but he is having lunch with the Prz so I would expect some comment from either one of them after lunch.

Spotforex NY 16:58 GMT September 1, 2005 Reply   
www.census.gov/

That would have the info....but one must find the counties involved in each state and then up it up.....

a bit of work to come up with a valid number.....

Singapore Alimin 16:53 GMT September 1, 2005 Reply   
Toronto MRC 16:18 GMT September 1, 2005

MRC, do we have Greenie speak today? what time is it gonna be? I couldn't find it anywhere on my trading calendar schedule...thanks mate

Van jv 16:52 GMT September 1, 2005 Reply   
New Orleans

YYX MAXXIM 16:47 GMT September 1, 2005 Reply   
SUV sales drop fits perfectley 33% daily bollinger band gbp usd fwiw

mayfield ohio wisdomtrader 16:46 GMT September 1, 2005 Reply   
One more wave...

hk spec 16:43 GMT September 1, 2005 Reply   
thanks so much biscuit boy....

Ldn Delboy 16:42 GMT September 1, 2005 Reply   
Does anyone know the number of people affected (used to live in the area) by the hurricane? I am getting very mixed numbers!

USA Biscuit Boy 16:40 GMT September 1, 2005 Reply   
spec just stick with your original stop loss point......that way you won't have to make any emotional decisions.

hk spec 16:32 GMT September 1, 2005 Reply   
thanks biscuit boy...i hope it will not happen,my acct has a little tolerance..uhave any ideas on what to do incase of adversal..should i cut, or just lock the position?...thanks

HK Kevin 16:30 GMT September 1, 2005 Reply   
hk ab, catching the falling knife and short small Cable at 1.8284 earlier. Will cover before going to bed.

hk ab 16:30 GMT September 1, 2005 Reply   
Kevin//yes, put a profit stop, see my post.

hk ab 16:29 GMT September 1, 2005 Reply   
reload dlr/cad longs if 1.1830 seen again.

HK Kevin 16:28 GMT September 1, 2005 Reply   
hk ab, did you cover the USD/CAD long position this morning?

hk spec 16:27 GMT September 1, 2005 Reply   
thanks ab & MRC....iam looking forwrd to the FOMC meeting this month,i hope this will move the market in favor of my position...i have a buy @ 7950 and sell @ 7400...guys,im new to trading,its just 4months since i started,i need some tips incase of adversal,what is the best thing to do?..how many points to limit the loss?..

Helsinki iw 16:27 GMT September 1, 2005 Reply   
Ford August sales rise 6%, SUV sales drop 33%.

Singapore Alimin 16:26 GMT September 1, 2005 Reply   
Dallas GEP 15:54 GMT September 1, 2005

GEP, sorry to bother you, but I would very much like you having your last eur/gbp short in place for a possible run down....we could possibly have a nice evening star set up on daily as i expect there won't be much change in eur/gbp price from current level for today, if we do have a run down below 0.68, then 0.6760 will be seriously tested again with possibility of more pips upon break, just a thought...

USA Biscuit Boy 16:24 GMT September 1, 2005 Reply   
hk spec 16:17 GMT September 1, 2005

I would bet cable will bounce around between its 100 day and 200 day ma for a while i.e. 1.8172 - 1.85's......gl and gt.

hk ab 16:23 GMT September 1, 2005 Reply   
eur/gbp weakens quietly.

Goes SpongeBob 16:23 GMT September 1, 2005 Reply   
weekly close +/- 1.2400 means 1.2800

gt & bye

YYX MAXXIM 16:20 GMT September 1, 2005 Reply   
yyx Abbotsford & costello lower landing fees t

hk ab 16:18 GMT September 1, 2005 Reply   
cable will give surprising spikes up but 1.85-6 should give some good propelling force.

Toronto MRC 16:18 GMT September 1, 2005 Reply   
spec Greenspan next couple hours.

hk spec 16:17 GMT September 1, 2005 Reply   
where is cable going now?..USD?..if you guys have any ideas,pls share it,the market is very confusing lately...thanks

nj jf 16:15 GMT September 1, 2005 Reply   
maxxim they changed airport codes ?

YYX MAXXIM 16:13 GMT September 1, 2005 Reply   
a Purk never quits, lol u got e keen eye B oog k nose

Singapore Alimin 16:10 GMT September 1, 2005 Reply   
Halifax CB 16:00 GMT September 1, 2005

i hope i am wrong mate :) but it does look very oversold and feels very speculative lately with this push down....although i am still bearish on it but i am aware of the possibility of sharp turn around, i have gecko's comments ringing too...so will see....cheers

Livingston nh 16:09 GMT September 1, 2005 Reply   
A lot (maybe all) of the USD today is based on the fixed income expectations of the Fed - so this could all come unwound by G'span - Santomero didn't give his speech and interview w/o Fed clearance - the FOMC probably talked about Katrina w/ AAtlanta Fed - Is g'span going to move away from the party line? So we know there will be no emergency Fed cut ala Russia/LTCM or 9/11
-- a pouting Pres and a nomination for new Fed Head next week? -- a turn in Fixed Income sentiment comes pretty quick and will spillover here

Alimin - I hope you are right on the CAD

chgo JB 16:06 GMT September 1, 2005 Reply   
mayfield ohio wisdomtrader 16:05 GMT September 1, 2005
I think the downward move may happen sooner than that

could very well, perhaps depending on how Crude futures close...

hk ab 16:05 GMT September 1, 2005 Reply   
considering to buy dlr/cad again....

As said earlier, this 71 could probably be the leg 5 of crude.

mayfield ohio wisdomtrader 16:05 GMT September 1, 2005 Reply   
I think the downward move may happen sooner than that

Farnham SFH 16:03 GMT September 1, 2005 Reply   
Yeah bad day for me too...off for a 5 day break...byeee

hk ab 16:02 GMT September 1, 2005 Reply   
van Gecko 18:48 GMT August 31, 2005
hk ab 14:26.. contrary to popular views, commodities are painting a cloudy Q4 picture for m/t dollar bears.. expect 1.26/1.18 euro/usd to tease & waste bulls & bears for a few more months prior to the next m/t leg down to the 1.15/13.. Parity/.98 zones..


Thanks very much for the valuable insight. Haven't seen you for long and appreciate a lot your view.

How about the loonie?

chgo JB 16:02 GMT September 1, 2005 Reply   
just an observation of market behavior on days like this:

any profit taking move today will most likely occur between
the hours of 5:00 p.m. - 6:00 p.m. Eastern Time.

The reason this pattern often asserts itself is that forex
futures stop electronic trading for the day at 5:00 p.m.,
and resume trade at 6:00 p.m (Eastern) (You'll notice a
similar, often artificial move around 3:00 p.m. Eastern
when the Pit-traded forex futures close for the day.)

The Market will most likely attempt to keep USD Longs
trapped right up to the electronic futures Close... after
which the Spot forex market takes some profit off the table.

just a pattern I've noted on days where parabolic moves occur... may or may not be of any use...

mayfield ohio wisdomtrader 16:01 GMT September 1, 2005 Reply   
Indonesia-solo Raden Mas 15:45 GMT September 1, 2005

Maybe I understated it, but I rely on charts completely. I have very large accounts to trade and the charts are the best way to reduce the margin of error.

Halifax CB 16:00 GMT September 1, 2005 Reply   
alimin, you could be very right. it has a bad habit of bouncing 150-300 pips....

The Netherlands Purk 15:58 GMT September 1, 2005 Reply   
Well interesting day to put it mildley....
Completely wrong with my course today! waiting for some bounce on cable...
Purk

Singapore Alimin 15:57 GMT September 1, 2005 Reply   
without the help of oil rising to new high, i think usdcad could pull back to 1.1960

Dallas GEP 15:54 GMT September 1, 2005 Reply   
Closed out LAST of my eur/gbp shorts

Halifax CB 15:51 GMT September 1, 2005 Reply   
looks like usdcad is pushing through last pocket of support before low 1.17's

mayfield ohio wisdomtrader 15:49 GMT September 1, 2005 Reply   
chgo JB 15:36 GMT September 1, 2005

excellent analysis IMHO

chgo JB 15:46 GMT September 1, 2005 Reply   
FM // I did have some sense of this about to occur when I posted this:
chgo JB 14:45 GMT August 30, 2005
euro shorts about to get scorched.

but even I VASTLY underestimated the move, and exited my USD short positions WAY too soon...

(then of course, got caught being a Top-picker today...)

Indonesia-solo Raden Mas 15:45 GMT September 1, 2005 Reply   
mayfield ohio wisdomtrader 15:07 GMT September 1, 2005
yes you are right, but the statistic model be developed by master of math to help everything. sure thats very usefull for everyone.
the extreme opinion of pattern follower is "the pattern of the future is only the repeating of the last pattern".
this nature is harmonic and the chart have specific face always and will be repeated always too. you must not believe that. just share opinion. have a nice trade to all too.

chgo JB 15:36 GMT September 1, 2005 Reply   
doesn't look like a spec-driven move, FM. Extremely
overbought on the short-term charts, but as they
say, a bull trend is never too overbought to go higher,
just as a bear trend is never too oversold to go lower.
That said, we really should see at least a small round
of profit-taking ahead of tomorrow's data... but the
problem now is, big players who ignited the move from
much better levels 48 hrs ago will not be in any hurry
to remove positions... only small specs who got on
board the move after it started will take some off...
This may be enough for a modest pullback... but I don't
see a complete reversal in the cards yet.

Overall, I think we're witnessing the beginnings of
continued USD weakness into Q4... but there WILL be
a significant pullback before that trend fully aserts itself.
Not that any of this is much help... just musing on what I
see based on unfolding realities reflected in the price action...

mayfield ohio wisdomtrader 15:35 GMT September 1, 2005 Reply   
Farnham SFH 15:30 GMT September 1, 2005
mayfield ohio

I am coming second....did you short the dollar?

No sir. Too scared to go in long anymore (kidding), but really expecting a drop now.

San Juan Lil 15:33 GMT September 1, 2005 Reply   
Real direction if any will probably not be clear until after next Monday's holiday when Everyone will be back from vacation. imvvho

Ldn Delboy 15:32 GMT September 1, 2005 Reply   
chgo JB 15:19 GMT
I went long GBP after ISM this morning, flat now (But make a mistake should have kept it).

The Netherlands Purk 15:30 GMT September 1, 2005 Reply   
Wisdomvacationman, you have mail from Holland, and it is not drop....
Purk

Farnham SFH 15:30 GMT September 1, 2005 Reply   
mayfield ohio

I am coming second....did you short the dollar?

Indonesia-solo Raden Mas 15:30 GMT September 1, 2005 Reply   
Route eur/usd :
Route 1 : 1.2126 – 1.2542 - ?
Route 2 : 1.2126 – 1.2811 - ? – 1.2943 - ?
Route 3 : 1.2167 – 1.2605 - ? – 1.2699 - ?
Route 4 : 1.1873 – 1.2605 - ? – 1.2749 - ?
Route 5 : 1.1873 – 1.2678 - ? – 1.2831 - ?
Route 6 : 1.1873 – 1.2749 - ? – 1.2925 - ?
Now is on the railway of route 1, 2 or 3

Toronto MRC 15:29 GMT September 1, 2005 Reply   
Euro 2483 could be interesting a failure at this level would result in a double top. Gbp has cleared at some stops over 8200. On the daily chart this area looks like resitance for cable with a break higher opening the door for a really big move. IMHO

Lahore FM 15:29 GMT September 1, 2005 Reply   
chgo jb, any chance that it still be a summer range,we have'broken above 1.2480/90.we still have NFP.though i am willing to throw in the towel on dollar longs for some time to come.but if there be any chance could it just be hogwash,today's move i mean?tia

mayfield ohio wisdomtrader 15:27 GMT September 1, 2005 Reply   
If anyone lost money I am sorry. But I had this inexplicable strong feeling we were going to have a repeat of yesterday and I hinted it earlier looking at the 30mins and 1 hr charts. Guess its just another day at work.

Mtl JP 15:26 GMT September 1, 2005 Reply   
Haifa ac / "over there"

Singapore Alimin 15:25 GMT September 1, 2005 Reply   
one thing to notice is eur/gbp not following eur/jpy and eur/usd, so if those eur short bets by some friends here proved to be right, then eur/gbp is gonna short significantly! i think it is worth paying attention to at the moment

Gen dk 15:23 GMT September 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Haifa ac 15:23 GMT September 1, 2005 Reply   
Mtl JP 15:08 GMT // Those foreigners. Where is the Immigration services when we need them!

Lahore FM 15:20 GMT September 1, 2005 Reply   
Stopped out of all dollar longs except Euro,where no stop was in place from 1.2382.Let us see if it can be worked round.Being away from the market round data releases can really be confounding later.More so if stop is not in place.

Singapore Alimin 15:19 GMT September 1, 2005 Reply   
Dubai dxb 15:16 GMT September 1, 2005

no worries mate, it was my pleasure...all the best with your trading

chgo JB 15:19 GMT September 1, 2005 Reply   
Ldn Delboy 15:14 GMT September 1, 2005

interesting thesis, Delboy. Are you currently short USD?

Farnham SFH 15:18 GMT September 1, 2005 Reply   
Ldn Delboy 15:11 GMT September 1, 2005
Farnham SFH
I hope you did not open those shorts!

Why? Short as posted..

jeddah frank 15:18 GMT September 1, 2005 Reply   
Indonesia-solo Raden Mas 15:03 GMT September 1, 2005
hi solo,
your comment pls for EUR/USD

THANKS

Goes SpongeBob 15:17 GMT September 1, 2005 Reply   
the last one with a problem about oil is USA ... oil is an US game, does not look they will suffer from current situation ... Americans, is another story; US and American are with other goals for the moment ... strange, but so true!

never, never, but never forget to help the needy!

gt

Livingston nh 15:17 GMT September 1, 2005 Reply   
Delboy - USD value for internal rebuilding is irrelevant

Dubai dxb 15:16 GMT September 1, 2005 Reply   
Singapore Alimin 14:42 GMT September 1, 2005

Alimin, Thanks a lot for your comment. Really appreciate it!

Ldn Delboy 15:14 GMT September 1, 2005 Reply   
Toronto MRC 15:09 GMT
To pay for the cost of rebuilding damages US needs weak USD and that is where it is going, I think we are back to Eur 1.3 again soon.

Livingston nh 15:14 GMT September 1, 2005 Reply   
JP - so your pal Bernanke will get to strut his stuff in front of Pres - he is going to have to take on G'span who has no more political dragons // G'span may be upbeat in comments but I think the best the Pres will get is "available liquidity via money supply"

Singapore Alimin 15:14 GMT September 1, 2005 Reply   
chgo JB 14:57 GMT September 1, 2005

yes mate, this always happens and that's what sometimes adding fuel to the move, whenever we have a new high or new low, some just got excited and jump in immediately trying to pick the tops and bottoms, forgetting about patience...i guess the summer range trading is still the mantra for some, i am not saying that it is wrong but let's be more cautious because when we have a break, the last range-trading position should always be a loss and one should be ready to dump it and follow the trend

Los Angeles TR 15:13 GMT September 1, 2005 Reply   
Yes I don't think we will see a bounce in usd yen. It has lagged the Euro move and I think it's time for usd/yen to make it's move and catch up. I would have sold it once it broke 110.40, but I wasn't at work yet. 110.54 IS MY S/L I am short small 2 bucks and I am in at 110.15 and my Objective is 119.20-30. I shorted it small because of the level and I had to place my stop 40 pips away. tks

Mtl JP 15:13 GMT September 1, 2005 Reply   
MRC 15:08 / u are making the same mistake as Trichet earlier today when he said that "high oil prices pose an upside risk to inflation forecasts". That is fertilizer. Price inflation is simply "authorities" printing more of their fiats than the economy can digest. As uncle Al pretends not to know (but he does all too well): You can add liquidity easily. But you can not take liquidity away easily.

Ldn Delboy 15:11 GMT September 1, 2005 Reply   
Farnham SFH
I hope you did not open those shorts!

Toronto MRC 15:09 GMT September 1, 2005 Reply   
If Greenspan comments after his lunch with Bush he is likely to be optimistic.

Mtl JP 15:08 GMT September 1, 2005 Reply   
Can u see foreigners dumping the US paper - en masse ?

Toronto MRC 15:08 GMT September 1, 2005 Reply   
JP I agree this little energy spike will lead to high inflation if the Fed doesn't slow things down.

USA Biscuit Boy 15:08 GMT September 1, 2005 Reply   
Dollar index testing this important support and holding so far....

mayfield ohio wisdomtrader 15:07 GMT September 1, 2005 Reply   
chicago goofy 15:01 GMT September 1, 2005
Anyone can give me a res Lel for Cable? TIA GLGT

If you are talking abt a resistance level, I frankly dont think theres one now. I think the big banks are just letting us have our fill, which buttresses the point that there will be a reckoning for these massive moves shortly. Where, no one knows, cause the so called models must be overheating with recalculations by now.

The Netherlands Purk 15:07 GMT September 1, 2005 Reply   
Farnham SFH 14:42 GMT September 1, 2005
Purk you leaving here?

Nope Farnman, a Purk never quits. Just told you my losses. Learned my fair bit again. That is life man.
Purk

la oleg 15:06 GMT September 1, 2005 Reply   
JP, try telling the market that...

chicago goofy 15:04 GMT September 1, 2005 Reply   
Thanks RAdan!

Ohio mate, Your advice would be appreciated greatly.

Mtl JP 15:04 GMT September 1, 2005 Reply   
FED will not - because it can not - hold back rate hikes. market is wrong.

chgo JB 15:04 GMT September 1, 2005 Reply   
looking at the charts from the past 48 hrs... apparently
there isn't one ;)

Indonesia-solo Raden Mas 15:03 GMT September 1, 2005 Reply   
Route gbp/usd :
Route 1 : 1.7272 – 1.8188 – 1.7812 – 1.8368 - ? – 1.8666 - ?
Route 2 : 1.7272 – 1.8437 – ? – 1.8666 - ?
Route 3 : 1.7272 – 1.8796 - ? – 1.9094 - ?
Route 4 : 1.7812 – 1.8332 - ? – 1.8437 - ?
Route 5 : 1.7812 – 1.8368 - ?
Now is on the railway of route 4 or route 5.

chicago goofy 15:01 GMT September 1, 2005 Reply   
Anyone can give me a res Lel for Cable? TIA GLGT

mayfield ohio wisdomtrader 15:01 GMT September 1, 2005 Reply   
chicago goofy 14:59 GMT September 1, 2005
short cable here.

......................

la oleg 15:00 GMT September 1, 2005 Reply   
well, it's not rocket science... market pricing in the fed on hold.

chicago goofy 14:59 GMT September 1, 2005 Reply   
short cable here.

Mtl JP 14:58 GMT September 1, 2005 Reply   
nh 14:53 - argh argh awooo

Ldn Delboy 14:58 GMT September 1, 2005 Reply   
melbourne DC 14:51 GMT
RD sometimes does very silly things. He had a Eur/GBP position last week targetting 0.66 (more than 200 pips! that pair has never moved that far).

chgo JB 14:57 GMT September 1, 2005 Reply   
won't top 'til we all stop trying to short it....
which is why I dumped it quick and am standing
aside...

walsall Tazza 14:57 GMT September 1, 2005 Reply   
Thank you Farnham SFH

Toronto MRC 14:56 GMT September 1, 2005 Reply   
So much for topping! Just plain ugly... 500 pips in two day for cable

PAR 14:54 GMT September 1, 2005 Reply   
Looking at all the human suffering economic numbers dont matter. Have a nice day.

Farnham SFH 14:54 GMT September 1, 2005 Reply   
walsall Tazza
E-mail jay...he has a list of recommended sites..

Livingston nh 14:53 GMT September 1, 2005 Reply   
G'span and Pres to meet so the risk is that we get some kind of save the world announcement - local governors in the states are already being badgered by do-gooders who want some allocation scheme or price fixing //

walsall Tazza 14:53 GMT September 1, 2005 Reply   
Which is the best trading platform to use? I was away for about 2 month’s and when I got back censored told me that they where not dealing with UK client’s any more. They told me to go with WH selfinvest, are they any good?

Gen dk 14:52 GMT September 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Philadelphia Caba 14:52 GMT September 1, 2005 Reply   
Thanks Gep, gl! I'm in fresh short too.

chgo JB 14:52 GMT September 1, 2005 Reply   
out of GBP short @ -20 pips

melbourne DC 14:51 GMT September 1, 2005 Reply   
someone is real bearish usdjpy .. ifr rd shorted 110 now, not waiting for bounce.

San Juan Lil 14:51 GMT September 1, 2005 Reply   
$Aud challenging tough resistance in my view!!

Dallas GEP 14:51 GMT September 1, 2005 Reply   
Caba, intially target is 1.7580...longs SHOULD be contained under 1.7620

Dallas GEP 14:49 GMT September 1, 2005 Reply   
Closed some more eur/gbp shorts

Singapore Alimin 14:48 GMT September 1, 2005 Reply   
sorry, was meant to say tentative downtrend channel resistance

melbourne DC 14:47 GMT September 1, 2005 Reply   
we got a fight on our hands at 1.2470 ..
GEP your eurgbp short working :))

Ldn Delboy 14:47 GMT September 1, 2005 Reply   
Kaunas Picasso 14:40 GMT
Before I listen to anyone, I go to the Archive and read their posts carefully and decide if thier posts are of value to me.

Singapore Alimin 14:46 GMT September 1, 2005 Reply   
fwiw, euro is facing linear resistance here plus downtrend channel resistance, so all important points...should be a perfect set up for big reaction for tomorrow data...good luck all

mayfield ohio wisdomtrader 14:44 GMT September 1, 2005 Reply   
Farnham SFH 14:42 GMT September 1, 2005
Purk you leaving here?

I certainly hope not.

mayfield ohio wisdomtrader 14:43 GMT September 1, 2005 Reply   
These babies will surely come tumbling down, but better to wait to see a definite turn guys. Thats what I am doing.

nj jf 14:42 GMT September 1, 2005 Reply   
picasso - no problems at all - obv today is painful for some. best to offer yr best trading signals to help others if you have some good ideas, otherwise best avoid criticisms - gt to u

Los Angeles TR 14:42 GMT September 1, 2005 Reply   
My objective for Euro and usd/yen in this run is 1.2580 and & usd/jpy too 119.20. The only pullback we will see is day traders taking profits and those squaring before tmws. non-farm payroll. Watch for the London close it could get crazy.
Long term Euro is headed back over 1.3000 and higher.

Singapore Alimin 14:42 GMT September 1, 2005 Reply   
Dubai dxb 14:37 GMT September 1, 2005

i consider it a bit overdone at the moment, but at this time of the year i would be very careful trying to catching tops and bottoms, last year should be a lesson for everyone when euro cut through 1.2460 also easily and then onto 1.25, then gap somewhere in 1.26/1.27 in october and went on to 1.36 within 2 months without looking back....things of course are different this time around but we just have to respect the market's move

for me personally i am all flat, just enjoying all the profits and patiently waiting for another chance to jump in....i'll wait and see what tomorrow brings after NFP

Farnham SFH 14:42 GMT September 1, 2005 Reply   
Purk you leaving here?

mayfield ohio wisdomtrader 14:41 GMT September 1, 2005 Reply   
Purk, you can reach me on [email protected] . Best wishes man.

Kaunas Picasso 14:40 GMT September 1, 2005 Reply   
There is no passion in trading. At least there shouldn't be.

I just don't like imposters trying to boost their fragile egos in a way that discredits and damages this serious forum.

Gen dk 14:38 GMT September 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Farnham SFH 14:37 GMT September 1, 2005 Reply   
I put the short euro /cad trade on earlier...I lost ...not blaming anyone ...good to hear what others are doing rather than thinking...

Dubai dxb 14:37 GMT September 1, 2005 Reply   
Singapore Alimin 14:32 GMT September 1, 2005
Alimin do you think the upsite still ongoing?

Ldn Delboy 14:37 GMT September 1, 2005 Reply   
I think funds and specs agree on the price direction, we may not see a large pull back till tomorrow afternoon.

Philadelphia Caba 14:36 GMT September 1, 2005 Reply   
Dallas GEP 14:23 GMT September 1, 2005
Shorted AUSSIE

Gep, your t/p, please? Thanx.

nj jf 14:36 GMT September 1, 2005 Reply   
picasso - on a day like this its not necessary to be critical of anyone, everyone has their own risk tolerances and it cannot be said enuff times - its yr decision.... enter yr own stops ..... its yr account.

mayfield ohio wisdomtrader 14:32 GMT September 1, 2005 Reply   
Kaunas Picasso 14:25 GMT September 1, 2005
Bahrain Within 10 Pips 12:18 GMT September 1, 2005

Really Picasso. There is no need to inflame your passions on this chat forum

Singapore Alimin 14:32 GMT September 1, 2005 Reply   
there you have it, i consider the action done for today since 1.2460 has been reached, will let the correction bet for others to work it out since i haven't got a sell signal in my system

Singapore Alimin 02:26 GMT September 1, 2005
euro stays very well bid, might see an attempt to attack the 1.2370/80 level later and then 1.2420 for 1.2460 test again, support for the moment would be 1.2270/80, break below 1.2230 this time will be quite bearish IMHO

Ldn Delboy 14:28 GMT September 1, 2005 Reply   
Farnham SFH 14:26 GMT
Be careful, there has been no big pull backs recently!

chgo JB 14:26 GMT September 1, 2005 Reply   
fwiw, sold a bit Cable @ 1.8250

Farnham SFH 14:26 GMT September 1, 2005 Reply   
Just shorted some more cable and euro/$...against trend but feel that a pull back is a must..
gl

Kaunas Picasso 14:25 GMT September 1, 2005 Reply   
Bahrain Within 10 Pips 12:18 GMT September 1, 2005

Sohow are your long eur/chf and short eur/cad doing?
You have managed to go more than 200 pips underwater in less than 5 hours!
Still no stops set? Thats nice strategy you have going on...

I have been watching your ridiculous posts for months and learned to ignore them (who opens 20 positions per day (every day!) with predictions for 3 months?), but i have noticed that some inexpirienced traders on the forum do listen to your random advices.
Every time i tried to follow your trades, i have found them random at best. And quite often they were just too contradicting and illogical (like todays example).
I appreciate the thoughts of traders and analysts on this forum - it's really great place to get some nice ideas - but guys like you just spoil the serious atmosphere here.
I am sure most of the members would appreciate if you posted more ideas and reasonings, and less of your random numbers.

mayfield ohio wisdomtrader 14:25 GMT September 1, 2005 Reply   
Dallas GEP 14:23 GMT September 1, 2005
Shorted AUSSIE

Easy mate...
Real easy

The Netherlands Purk 14:25 GMT September 1, 2005 Reply   
mayfield ohio wisdomtrader 14:20 GMT September 1, 2005
The Netherlands Purk 14:17 GMT September 1, 2005
Well, i have seen and lost.....
Starting all over.
That is forex guys..
But will be back'
Purk


Hi Buddy. U ok can give u an email to get me by. Really if there is a need

He wisdomvacationman, still travelling? Ask Jay for my e-mail it is ok with me, we can talk about soccer and all...
Purk

Ldn Delboy 14:24 GMT September 1, 2005 Reply   
USA Biscuit Boy 14:16 GMT September 1, 2005
There is a woman behind any great man to destroy him!
Maybe Katrina is Greenspan's.

PAR 14:23 GMT September 1, 2005 Reply   
ISM numbers are from before Katrina .

Maribor 14:23 GMT September 1, 2005 Reply   
Maribor 13:11 GMT
Errata:GBPUSD numbers in my message at 13:11 GMT relates to monthly model and not daily.
Close in GBPUSD now expected today around 18235 if 18263 not triggered. Move is self sustained now.

Dallas GEP 14:23 GMT September 1, 2005 Reply   
Shorted AUSSIE

dc fxq 14:20 GMT September 1, 2005 Reply   
Re ISM:

Frankly the action yesterday discounted and even worse ISM ergo summat est - today's action exacerbates.

USA Biscuit Boy 14:20 GMT September 1, 2005 Reply   
I agree NH the dollar and the economy are not done but the market now has to price in a few new possible scenarios with probable overshoot as usual. Still in range at this stage.

mayfield ohio wisdomtrader 14:20 GMT September 1, 2005 Reply   
The Netherlands Purk 14:17 GMT September 1, 2005
Well, i have seen and lost.....
Starting all over.
That is forex guys..
But will be back'
Purk


Hi Buddy. U ok can give u an email to get me by. Really if there is a need

Bne mecon 14:20 GMT September 1, 2005 Reply   
its reverse time i think

ps: mecon is a new trader

Toronto MRC 14:18 GMT September 1, 2005 Reply   
Feels like gbp eur topping. imho

The Netherlands Purk 14:17 GMT September 1, 2005 Reply   
Well, i have seen and lost.....
Starting all over.
That is forex guys..
But will be back'
Purk

mayfield ohio wisdomtrader 14:17 GMT September 1, 2005 Reply   
Any body catch that freight then? lol

USA Biscuit Boy 14:16 GMT September 1, 2005 Reply   
PAR when you bluff your way through the shortest recession in history you know there is a price to be paid at the other end. No way Greenspan could have predicted Katrina and unfortunately this is going to exascerbate the price to be paid.

Livingston nh 14:15 GMT September 1, 2005 Reply   
PAR - the ISM numbers are not BAD - the economy is still expanding, inventories are low and order backlog is rising - production will pick up to accommodate the drawdown

PAR 14:10 GMT September 1, 2005 Reply   
So bond market was no conundrum but just predicting very bad economic numbers which Greenspan overlooked.l

Gen dk 14:09 GMT September 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Philadelphia Caba 14:07 GMT September 1, 2005 Reply   
NEWS: Bush To Meet With Greenspan & Economic Team on Thursday

PAR 14:04 GMT September 1, 2005 Reply   
Stagflation is coming, prices paid 62.5 vs 48.5.

Livingston nh 14:02 GMT September 1, 2005 Reply   
53.6%

Toronto YV 14:02 GMT September 1, 2005 Reply   
ISM 53.6 , PAR good source.

Philadelphia Caba 14:02 GMT September 1, 2005 Reply   
US ECON: ISM Dropped to 53.5; Less Than Feared

Ldn Delboy 13:59 GMT September 1, 2005 Reply   
I am not sure how much of the USD weakness the last few days has been due to data and how much due to the market pricing in the Hurricane damages, loss of businesses, loss of Tax revenue, and increased unemployment, etc?

Spotforex NY 13:57 GMT September 1, 2005 Reply   
most trading platforms provide timely news.......timely order execution is another story

Spotforex NY 13:56 GMT September 1, 2005 Reply   
Global-view is full of figures....'action figures'

The 'spot' action figure comes with 'kung fu grip' action and can deal a JUBB blow to any market order....

suggestions for other figures include?????

Global-View 13:56 GMT September 1, 2005 Reply   
We offer real-time economic and forex news from AFX. Contact us EMAIL for details

dc fxq 13:54 GMT September 1, 2005 Reply   
Sep 01 10:00 ISM Index Aug 57.0 56.6
Cons Prev

Dubai dxb 13:53 GMT September 1, 2005 Reply   
Plse is there any website when i can see live figures?

Thanks,

USA Biscuit Boy 13:52 GMT September 1, 2005 Reply   
Hi guys. Dollar index looking for support at 86.80 and will target 85.10 if broken. If it holds then we are still range trading between 86.80-88.60. gl and gt.

Ldn Delboy 13:49 GMT September 1, 2005 Reply   
PAR 13:44 GMT
I don't trust those communities. We will see in 10 minutes.

PAR 13:44 GMT September 1, 2005 Reply   
Figure comes from reliable dollar bear and commodity bull , if that exists.

melbourne farmacia 13:44 GMT September 1, 2005 Reply   
Oakland daimyo 16:03 GMT August 31, 2005
g'day mate.. you thinking 0.618 up swing on Sterling from 1.7819 base.. > 1.8394 ish.. Similar on P&F toy...? GT

Ldn Delboy 13:42 GMT September 1, 2005 Reply   
PAR 13:38 GMT
Is this going to be like the PMI forecast the other day?

PAR 13:38 GMT September 1, 2005 Reply   
ISM expected to drop to 53.

Gen dk 13:24 GMT September 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Maribor 13:17 GMT September 1, 2005 Reply   
EURUSD(model): next triggers up at 12422 and 12424; if not triggered, close around 12388.

PAR 13:16 GMT September 1, 2005 Reply   
Looks like Trichet will never change interest rates, barking dogs dont bite.

Maribor 13:11 GMT September 1, 2005 Reply   
GBPUSD(model): next trigger up at 18189. If it won't be triggered, close is expected around 18062, if triggered around 18117.

Indonesia-solo Raden Mas 13:06 GMT September 1, 2005 Reply   
hey friends..
I suggest you to exit your buy eur/usd after touched arround 1.2411 (have touched my ending cyclic) and gbp/usd near the ending cyclic at 1.8174-79.
be carefull pls, maybe big shark will come suddenly to taking profit their buying possie before.
see u later.

GER ad 13:04 GMT September 1, 2005 Reply   
PAR 12:58
A weak ISM already priced in.
EUR/USD (now 1.2415) will be lower before tomorrow NFP data IMHO.

Livingston nh 13:03 GMT September 1, 2005 Reply   
Par - Chicago PMI was distorted by auto industry - national ISM will be affected somewhat by that but orders should be up, inventories may show slight increase from Q2 drawdown, employment flat, prices paid and received up - BUT all old news since the Hurricane

Gen dk 13:02 GMT September 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

PAR 12:58 GMT September 1, 2005 Reply   
Any economist still optimistic about ISM ?

Moscow JD 12:55 GMT September 1, 2005 Reply   
Hi All
Isn't hindsight a wonderful thing? I had 4 lots long on the GBP/USD at 1.7848 yesterday - closed it out at 1.7888!Learning this game the hard way!!

Anyone shorting the GBP/USD and EUR/USD from here?

South Africa dk 12:51 GMT September 1, 2005 Reply   
Gbp/usd: take a long position at 1,8140, The targets are 1,8200, 1,8250

Eilat Dolphin 12:49 GMT September 1, 2005 Reply   
Hi all/ Trichet: ""Particular vigilence is of the essence!"
Then,
"We are permanently vigilent""
Then,
"We are expressing vigilence".

So are we!

BECKLEY CT Fn 12:33 GMT September 1, 2005 Reply   
Is dollar getting weak on oil now?

Philadelphia Caba 12:33 GMT September 1, 2005 Reply   
US ECON: Initial Claims Rose by 3K to 320K in Aug 27 Week

Philadelphia Caba 12:32 GMT September 1, 2005 Reply   
US ECON: Pers Income +0.3%, PCE +1.0%; Core PCE Pr Idx 1.8% y/y

Mtl JP 12:26 GMT September 1, 2005 Reply   
Data on deck: (US)

12:30GMTJuly Personal income (spending) Mrkt 0.5%(1.0%) Last: 0.5%(0.8%)
12:30GMT July PCE y/y Mrkt: 2.7% Last: 2.2%
12:30GMT July Core PCE m/m (y/y) Mrkt 0.1%(1.9%) Last 0.0%(1.9%)
12:30GMT Aug27 Initial claims Mrkt: 315k Last: 315k
12:30GMT Aug20 Continuing claims Mrkt: 2575k Last 2578k

PCE and ISM have potential to cause action

Dallas GEP 12:23 GMT September 1, 2005 Reply   
Took profit on SOME eur/gbp shorts

Bahrain Within 10 Pips 12:18 GMT September 1, 2005 Reply   
Some Longs on Eur/chf
1.5492 1.5442
1.5507 1.5429

Dallas GEP 12:18 GMT September 1, 2005 Reply   
np de...TOOK PROFIT ALSO.....eur/gbp shorts starting to work

Sydney ACC 12:18 GMT September 1, 2005 Reply   
Ldn Delboy 11:53 GMT September 1, 2005
I agree, but taxing gasoline and taxing at ahigher rate those vehicles that use more per mile travelled is a start. And its true what you say about investment in other forms of energy. The world, not just USA has wasted the last 25 years since the second oil shock cushioned by cheap oil.
Three to four years ago I was adviser to the Government of Mauritius, they control the price of petrol, oil at the time was USD 17 a barrel. I recommnded they hedge for the next two years - couldn't get cover for any longer.
Did they cover no way - they thought it was going ot go lower when it didn't they were stunned couldn't make a decision.
The essence of teh story is we ain't gonna go back to cheap gas.

Haifa ac 12:08 GMT September 1, 2005 Reply   
PAR 11:41 GMT //You long dollar?!

Auckland De 12:08 GMT September 1, 2005 Reply   
GEP
Welldone for the USD/CAD
thanks..

Gen dk 12:04 GMT September 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Ldn Delboy 12:00 GMT September 1, 2005 Reply   
Kyoto Protocol as a matter of fact has fueld the use of natural gas and crude as these are far better than coal in achiving kyoto targets. So, the result has been less coal and more crude and gas!

PAR 11:53 GMT September 1, 2005 Reply   
One positive of sky high gasoline prices is that USA will be able to meet the Kyoto norms.

Ldn Delboy 11:53 GMT September 1, 2005 Reply   
Sydney ACC 11:48 GMT
Finding and implementing a new type of energy is a long term project (maybe 10-20 years) and does not resolve the current problem. We need to reduce the consumption now.

Ldn Delboy 11:49 GMT September 1, 2005 Reply   
... and nobody will complain about the Tax on petrol if it is used to rebuild the hurricane damagges.

Sydney ACC 11:48 GMT September 1, 2005 Reply   
Increase taxes and fund research into substitute energies.
If anyone can find a replacement it is the Americans.
Neither will be done under this Administration.

Gen dk 11:48 GMT September 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Philadelphia Caba 11:46 GMT September 1, 2005 Reply   
EUR ECON: ECB Leaves Interest Rates Unchanged At 2.0%

dc fxq 11:45 GMT September 1, 2005 Reply   
PAR 11:41 GMT September 1, 2005
Raising interest rates is a good way to reduce demand for gasoline as Paul Volcker understood, but neither Greenspan nor Trichet seem to be willing to come to that all by all simple conclusion.

Nonsense, the Fed HAS been rasing rates at each meeting.

Ldn Delboy 11:44 GMT September 1, 2005 Reply   
PAR 11:41 GMT September 1, 2005
Raising Tax on petrol is more effective and shows result immediately.

PAR 11:41 GMT September 1, 2005 Reply   
Raising interest rates is a good way to reduce demand for gasoline as Paul Volcker understood, but neither Greenspan nor Trichet seem to be willing to come to that all by all simple conclusion.

Lahore FM 11:37 GMT September 1, 2005 Reply   
Cable shorts stopped out adding to Euro shorts here.No stops for now.may well be a mistake,not placing the stops right away.

Livingston nh 11:33 GMT September 1, 2005 Reply   
Over the next week there may be some interesting distortions as US seeks to replace lost gasoline production - US imports more of its energy from Canada than anywhere else (so already maxed out) - BUT now we need the gasoline so bidding for their product will drive prices higher in canada (Canada refinery capacity has been handicapped over the last 20 year same as US) - shortages and disruption in Canada?

Californians flocking to Mexican gas pumps may be next

The SPR release is a loan program - would you borrrow at today's price to pay back later at higher (see the futures)??

The less efficient (China) or totally Dependent (Japan) oil countries may be more adversely affected than US

Bahrain Within 10 Pips 11:29 GMT September 1, 2005 Reply   
Dexter around?
...
What is Ur call for euro next week?...
North or south?...
Targets please?...GT,GL

Farnham..category 4? LOL

Ldn Delboy 11:25 GMT September 1, 2005 Reply   
Having seen the latest pictures of the damages of the hurricane, I think sentiment may be negative on USD for sometime. It is a real big task to deal with, plus unemployment, loss of business, health, etc ...

nj jf 11:20 GMT September 1, 2005 Reply   
mayfield ohio wisdomtrader 11:11 GMT September 1, 2005
Let me leave u guys to do serious business. I am out shopping. SFH need anything?

some peace and quiet - take your time

Ldn Delboy 11:20 GMT September 1, 2005 Reply   
Ldn Rodders 11:13 GMT
a pack of fags for me plz Bro. Red Marlboro.

KL skystar 11:20 GMT September 1, 2005 Reply   
place a Long USD/CHF. GL

Dallas GEP 11:17 GMT September 1, 2005 Reply   
lONG USD/JPY 110.50

Ldn Rodders 11:13 GMT September 1, 2005 Reply   
mayfield ohio wisdomtrader 11:11 GMT September 1, 2005
Let me leave u guys to do serious business. I am out shopping. SFH need anything

Lol..yeap ..a sock....

mayfield ohio wisdomtrader 11:11 GMT September 1, 2005 Reply   
Let me leave u guys to do serious business. I am out shopping. SFH need anything?

mayfield ohio wisdomtrader 11:05 GMT September 1, 2005 Reply   
GER ad 11:02 GMT September 1, 2005
SA mk 10:43 GMT September 1, 2005
When is the freight train going to crash?

Some time a bigger train is coming on the same path in opposite direction, this happen seldom but is seen. Ask Soros about USD/JPY (one of his funds lost few billions in one day).

Too true, but Mr Soros with hindsight seems to have had a factory making those trains!

mayfield ohio wisdomtrader 11:03 GMT September 1, 2005 Reply   
ldn Rodders 11:01 GMT September 1, 2005
Farnham SFH 10:58 GMT September 1, 2005
You have a first class ticket or second
lol....economy class if operating mini account..lol...

Not boasting but if its the size of accounts I trade you wouldnt be able to sustain the kind of humor I have. And then the ticket would have to have to be premium class.

GER ad 11:02 GMT September 1, 2005 Reply   
SA mk 10:43 GMT September 1, 2005
When is the freight train going to crash?

Some time a bigger train is coming on the same path in opposite direction, this happen seldom but is seen. Ask Soros about USD/JPY (one of his funds lost few billions in one day).

mayfield ohio wisdomtrader 11:01 GMT September 1, 2005 Reply   
Farnham SFH 10:58 GMT September 1, 2005
You have a first class ticket or second?

None. Threw it away when I disembarked...

ldn Rodders 11:01 GMT September 1, 2005 Reply   
Farnham SFH 10:58 GMT September 1, 2005
You have a first class ticket or second
lol....economy class if operating mini account..lol...

PAR 10:59 GMT September 1, 2005 Reply   
The more money you print the higher the oil prices can go .

Bahrain Within 10 Pips 10:59 GMT September 1, 2005 Reply   
aud/usd shorts
0.7583 0.7545
0.7595 0.7533

Farnham SFH 10:58 GMT September 1, 2005 Reply   
You have a first class ticket or second?

mayfield ohio wisdomtrader 10:56 GMT September 1, 2005 Reply   
SA mk 10:53 GMT September 1, 2005
mayfield ohio wisdomtrader 10:51 GMT September 1, 2005
nows a good time to get on the cable train. it runs from the City in London and stops on Wall Street in New York

Is Wall Street South or North??


This is good. You actually have a sense of humor like me. Dont know really, already off, but still looks ok for a few more miles

PAR 10:55 GMT September 1, 2005 Reply   
Greenspan will do what he always does when there is a crisis, i.e. PRINT MONEY.

Bahrain Within 10 Pips 10:54 GMT September 1, 2005 Reply   
NZD/USD Short and pt
0.6997 0.6955
0.7011 0.6944

SA mk 10:53 GMT September 1, 2005 Reply   
mayfield ohio wisdomtrader 10:51 GMT September 1, 2005
nows a good time to get on the cable train. it runs from the City in London and stops on Wall Street in New York

Is Wall Street South or North??

mayfield ohio wisdomtrader 10:51 GMT September 1, 2005 Reply   
nows a good time to get on the cable train. it runs from the City in London and stops on Wall Street in New York

mayfield ohio wisdomtrader 10:47 GMT September 1, 2005 Reply   
SA mk 10:43 GMT September 1, 2005
When is the freight train going to crash?

They seldom do. They usually destroy anything that stands in their path (ask me abt yesterday) But they may get to a station drop their cargo shunt tracks and head back to where they were coming from. gl/gt

Ldn Delboy 10:44 GMT September 1, 2005 Reply   
PAR 10:42 GMT
Can you mention the source of the information please.

SA mk 10:43 GMT September 1, 2005 Reply   
When is the freight train going to crash?

Ldn Delboy 10:42 GMT September 1, 2005 Reply   
What is going on with JPY?

PAR 10:42 GMT September 1, 2005 Reply   
Lower dollar will expand existing commodity bubble and sent oil to $100.

mayfield ohio wisdomtrader 10:40 GMT September 1, 2005 Reply   
Out for today guys. You have a nice day. Dont try to catch tops and best of all dont stand in front of a speeding freight train.

Melbourne Qindex 10:39 GMT September 1, 2005 Reply   
Melbourne Qindex 01:01 GMT September 1, 2005
Daily Diectional Indicator :


EUR/USD : (1.2099) - 1.2164* - 1.2406


.............................

mayfield ohio wisdomtrader 10:37 GMT September 1, 2005 Reply   
When i was younger playing in front of train tracks behind my moms little apartment on Wabash Avenue in Baltimore way back in the late 68s my mom would tell me, never stand in front of the big torchlight shining down the track. Guess what she was talking about?

a freight train

GER ad 10:36 GMT September 1, 2005 Reply   
Ldn 10:30 ,
Is cheaper to pay high USD prices with a strong currency. Look EUR, JPY... last move.

Farnham SFH 10:32 GMT September 1, 2005 Reply   
Well I am in the same trade now Bahrain short at 30 gl

Ldn 10:30 GMT September 1, 2005 Reply   
It appears Europe is immune to high oil doesnt it !!

Bahrain Within 10 Pips 10:30 GMT September 1, 2005 Reply   
Well at least no insecurity Stratagy for now..Dexter

mayfield ohio wisdomtrader 10:29 GMT September 1, 2005 Reply   
Kaunas Picasso 10:22 GMT September 1, 2005
Once again we are confirmed that you have no trading strategy. Just fancy posting 100 trades per day, don't you?

You we can actually chat without trying to rile each other

GER ad 10:26 GMT September 1, 2005 Reply   
USD/CAD,
CAD is giving up some from recent exorbitant gain on crosses; this may push USD/CAD higher first. Right now CAD/JPY is at multiple former top 92.90/95 (down from yesterday 92.80).
A clear brake this line (92.90) may push USD/CAD higher if USD/JPY is stable. But with the new USD weakness a short position in USD/CAD with an S/L over 1.1940 could be not a bad idea.

Kaunas Picasso 10:22 GMT September 1, 2005 Reply   
Once again we are confirmed that you have no trading strategy. Just fancy posting 100 trades per day, don't you?

Bahrain Within 10 Pips 10:22 GMT September 1, 2005 Reply   
Most pairs have this rule of thumb for entry
if U want to short use 1.005 to 1.007
Take T-1 High..then Multiply by 1.005 and 1.007
if the trend is right then the high should be around there

for Longs...the same but divide ie Low(t-1)/1.005

Farnham SFH 10:19 GMT September 1, 2005 Reply   
I like the idea if shorting euro against cad...believe higher oil prices are on the cards which should influence cad and think the euro/$ will give up its recent gains...have order to go short at 1.4730..

Bahrain Within 10 Pips 10:15 GMT September 1, 2005 Reply   
Non Yet for the stop...will include latter

Kaunas Picasso 10:12 GMT September 1, 2005 Reply   
Bahrain Within 10 Pips 08:35 GMT September 1, 2005

I see your EUR/CAD short took a hard hit... Where is your stop?

Dallas GEP 10:11 GMT September 1, 2005 Reply   
1.1865 intiALLY

Auckland De 10:06 GMT September 1, 2005 Reply   
whats your target on USD/CAD short GEP?

HK [email protected] 10:05 GMT September 1, 2005 Reply   
I just wonder if countries like China and Japan and maybe others, will not find it a nice opportunity to dispose of some of their US bond holding to buy fuel thus will not have to buy USD for harder money LOL

melbourne DC 10:03 GMT September 1, 2005 Reply   
Dallas GEP 09:57 GMT September 1, 2005
no worries. your short also earning interest :) Had also been fading spike but quick to take profit.

Maribor 10:03 GMT September 1, 2005 Reply   
HK [email protected] 09:55 GMT

I was thinking about problems(or "problems"?) in USA economy. Ever more money is needed and that can not be archived throu interest rates because of debt burden. But money can also be made with crediting purchases, i.e. large current account...So maybe high CA deficit is needed and not something unwelcomed.

Bahrain Within 10 Pips 10:02 GMT September 1, 2005 Reply   
RF...Things are not Linear U know...they balance them selves...weather Economics or temp in London...U Know that

KL skystar 10:00 GMT September 1, 2005 Reply   
prediction...

1.0 high oil price = most countries will increase fuel price = pay in USD = USD rise ....

short term long USD?

then

2.0 economy slow down = find alternative fuels = speculative oil makers decreases = oil price fall slightly/stabilise

back to long term fundamental ? GL

Dallas GEP 09:57 GMT September 1, 2005 Reply   
DC, at my lot size, 15-20 pip gain is VERY significant. eur/gbp tho as you say has been very stagnant the last couple of days and certainly NOT a good daytrade.

HK [email protected] 09:55 GMT September 1, 2005 Reply   


What is good in the American economy?

Which is sinking deeper and deeper into heavier debts.

More employment, consumer spending, consumer confidence(and if the consumer is not very intelligent hahahaha to see the broader picture), higher interest rates...excuse me! that is only dust in the eyes a lot of steam to cover up. Do not let the irrelevant numbers cheat you!!! The US needs 20% Deval. so said the IMF, or whatever you think. So it is sometimes good to wait for a good and clear Tech. Pic.( GL/GT)

So we have now 3 simultaneous BUBBLES if not more.

A) BIG BIG debt bubble
B) BIG BIG HOUSING BUBBLE
C) BIG BIG oil BUBBLE

And if all the three will puff at once?

Mama mia!!!

There are no good economic numbers for the US only one...Reduction of the debt burden. I do not buy any nice number with such big monthly added deficit .

If any one wants to cheat himself ok.

melbourne DC 09:41 GMT September 1, 2005 Reply   
Dallas GEP 09:28 GMT September 1, 2005
good day. eurgbp short now is better than earlier this week in terms of timing on eurjpy 137, esp if still around here around 12gmt, ie good setup for neg trigger. But unless one see eurjpy weakening, eurgbp may not be worthwhile (Just mho). 4hourly up channel indicate support at 0.6815/25, unless eurusd reverses yesterday gains (on ism/NFP?). IFR indicate lge US IT co pulled 1.2230 offers (reliable?) ..but then it means offers still around. all the best.

Bahrain Within 10 Pips 09:40 GMT September 1, 2005 Reply   
amazing if true..
USD/JPY up for a day or two...
then south to 107...over next 3 weeks

London. 09:34 GMT September 1, 2005 Reply   
Commerzbank most of Thursday's US data should confirm a strong upswing and lead to an increase in the yield spread between US and EMU
Commerzbank

HK [email protected] 09:33 GMT September 1, 2005 Reply   
On background of the storm disaster and slowing pace of the US economy I tend to speculate on a close Yuan Rev.
May also give China some political mileage too.

Bris TW 09:33 GMT September 1, 2005 Reply   
Melbourne Qindex 03:32 GMT August 27, 2005

Any changes to your levels here Dr Q??

Bahrain Within 10 Pips 09:32 GMT September 1, 2005 Reply   
GBP/JPY if held short for two weeks..might see 196

Dallas GEP 09:28 GMT September 1, 2005 Reply   
FWIW, still have eur/gbp shorts working, targeting 6810. This could happen within next 12 hours.

Bahrain Within 10 Pips 09:22 GMT September 1, 2005 Reply   
wow..usd/cad...seems north for 3 months

Bahrain Within 10 Pips 09:18 GMT September 1, 2005 Reply   
I think Over next 2 weeks euro wants 1.20 area
then a good rally north to 1.26

mayfield ohio wisdomtrader 09:18 GMT September 1, 2005 Reply   
we have a scenario that looks like yesterday morning

mayfield ohio wisdomtrader 09:16 GMT September 1, 2005 Reply   
Farnham SFH 09:14 GMT September 1, 2005
mayfield ohio
Dont know...not an expert on reading charts...

k. anyone else ?

Farnham SFH 09:14 GMT September 1, 2005 Reply   
mayfield ohio
Dont know...not an expert on reading charts...

mayfield ohio wisdomtrader 09:14 GMT September 1, 2005 Reply   
Farnham SFH 09:02 GMT September 1, 2005

Ditto eur/usd?

HK [email protected] 09:13 GMT September 1, 2005 Reply   
A close look at 5Min chart for Euro shows it has gapped B4 the strong move, interesting. Still 1.2390 should be carefully watched.

mayfield ohio wisdomtrader 09:13 GMT September 1, 2005 Reply   
Farnham SFH 09:02 GMT September 1, 2005

Just wanted to ask your opinion. Does that 30min graph on the cable look like the beginnings of a breakout?

hk ab 09:10 GMT September 1, 2005 Reply   
shanghai bc 07:19 GMT September 1, 2005

Million thanks for your advice.
I presume you are thinking about an upward trend for euro afterwards, isn't it?

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

Bahrain Within 10 Pips 09:05 GMT September 1, 2005 Reply   
eur/jpy
shorting around 137.3

mayfield ohio wisdomtrader 09:05 GMT September 1, 2005 Reply   
Farnham SFH 09:02 GMT September 1, 2005
Difficult to know whether freight train or hot air balloon describes thes moves...we are near extremes in the summer ranges,,
I am a seller of cable at 1.8110 already short euro/$ @ 1.2365

gl at

begs the question my friend, 1.8080 is different from 1.8110. But, yes the cables getting tired

HK [email protected] 09:03 GMT September 1, 2005 Reply   
Did any one think about Euro tonight at ~~1.2480 though looking o.b, Thus it is better to wait for a clear direction.

PAR 09:02 GMT September 1, 2005 Reply   
If most bank economist think ISM should be strong why are those same banks selling dollars and buying bonds ?

Farnham SFH 09:02 GMT September 1, 2005 Reply   
Difficult to know whether freight train or hot air balloon describes thes moves...we are near extremes in the summer ranges,,
I am a seller of cable at 1.8110 already short euro/$ @ 1.2365

gl at

London. 08:59 GMT September 1, 2005 Reply   
The median estimate of 22 economists surveyed by DJN/CNBC is for August's ISM manufacturing index to rise to 57.0, compared with 56.6 in July. Strong showings in the manufacturing surveys from both the Philadelphia Federal Reserve Bank and the New York Federal Reserve Bank "suggest the mfg ISM index should climb higher for a third consecutive month," says Elizabeth Casinelli, an economist at Moody's Investors Service in New York. Data is due for release at 1400 GMT.

Dallas GEP 08:58 GMT September 1, 2005 Reply   
Have sell order on usd/cad at 1.1895 waiting

mayfield ohio wisdomtrader 08:57 GMT September 1, 2005 Reply   
Lahore FM 08:52 GMT September 1, 2005
MK, i stillthink it will short from here.It won't trend up.in case i am wrong i have a stop for the eventuality at 1.8105


When i was younger playing in front of train tracks behind my moms little apartment on Wabash Avenue in Baltimore way back in the late 68s my mom would tell me, never stand in front of the big torchlight shining down the track. Guess what she was talking about?

Yes I know youre smarter than I am. A freight train

HK [email protected] 08:55 GMT September 1, 2005 Reply   
15 UP-pips more to Euro B4 consolidation(if so will happen)

PAR 08:54 GMT September 1, 2005 Reply   
Last months of the year could be repeat of 2004. Euro from 1.2200 to 1.3600 by Dec 31.

mayfield ohio wisdomtrader 08:52 GMT September 1, 2005 Reply   
SA mk 08:46 GMT September 1, 2005
Lahore FM 08:25 GMT September 1, 2005
Adding cable Short 1.8062

Do you still think the cable should be shortened? It seems to go up.

?????????????

Lahore FM 08:52 GMT September 1, 2005 Reply   
MK, i stillthink it will short from here.It won't trend up.in case i am wrong i have a stop for the eventuality at 1.8105.

HK [email protected] 08:49 GMT September 1, 2005 Reply   
Yen may like to test 110.40/50 important support a break below can open for further dollar losses.

Meanwhile hard to make a guess for the longer term move.

SA mk 08:46 GMT September 1, 2005 Reply   
Lahore FM 08:25 GMT September 1, 2005
Adding cable Short 1.8062

Do you still think the cable should be shortened? It seems to go up.

Gen dk 08:44 GMT September 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

PAR 08:40 GMT September 1, 2005 Reply   
Too easy monetary policy in Europe and USA keep fueling commodities, equities and Chinese expansion.

Bahrain Within 10 Pips 08:35 GMT September 1, 2005 Reply   
Eur/cad short

Syd 08:33 GMT September 1, 2005 Reply   
EUR/USD spikes to a marginal fresh 2-week high of 1.2376 on stops triggered above 1.2360, says trader.

Minneapolis DRS2 08:31 GMT September 1, 2005 Reply   
mayfield ohio wisdomtrader 08:29 GMT September 1, 2005

I just put down another lovely little short at 1.2371.

mayfield ohio wisdomtrader 08:29 GMT September 1, 2005 Reply   
Minneapolis DRS2 08:24 GMT September 1, 2005
It looks like EUR/USD price has reached the 100-day SMA (or just about) at 1.2368. Will it go back down like it has in recent months, or will it cross it (significantly)?

to be or not to be...

Gen dk 08:27 GMT September 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

mayfield ohio wisdomtrader 08:26 GMT September 1, 2005 Reply   
Cable not following suit yet, better to wait for the 830 gmt announcement

Bahrain Within 10 Pips 08:25 GMT September 1, 2005 Reply   
have an order short gbp/jpy at 200.1

Lahore FM 08:25 GMT September 1, 2005 Reply   
Adding cable Short 1.8062.

hong kong nt 08:25 GMT September 1, 2005 Reply   
Crude oil -- for intra-day trade, selling 69.7 with 0.5 stop may work for 68.0..

Bahrain Within 10 Pips 08:24 GMT September 1, 2005 Reply   
GM
Long USD/CHF and short Eur/usd and adding

Minneapolis DRS2 08:24 GMT September 1, 2005 Reply   
It looks like EUR/USD price has reached the 100-day SMA (or just about) at 1.2368. Will it go back down like it has in recent months, or will it cross it (significantly)?

Budapest Daniel 08:23 GMT September 1, 2005 Reply   
wow what a killer move... no mercy for shorters

Gen dk 08:23 GMT September 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

LA fxnew 08:18 GMT September 1, 2005 Reply   
so nobody seems to short cable at this time?

mayfield ohio wisdomtrader 08:14 GMT September 1, 2005 Reply   
Naples DC 08:06 GMT September 1, 2005
huge barrier at 1.2348
short Eur/$ tgt 12320/00
Any comment?

Those tests u are seeing are the barriers being taken out IMHO

perrie como 08:13 GMT September 1, 2005 Reply   
wd remind you guys that the fx market at present is not moving....we reckon next moves but might take yet hours....so why worry...why getting anxious....

okidoki off now

mayfield ohio wisdomtrader 08:10 GMT September 1, 2005 Reply   
Farnham SFH 08:07 GMT September 1, 2005
Guys is this the political forum or FX?

POL 101. FX000

Ldn 08:10 GMT September 1, 2005 Reply   
German manufacturing sector contracting more sharply than in July. Suggests 3Q may not be a marked improvement on 2Q, as confidence surveys had indicated. And with domestic demand still weak, ECB is unlikely to hike soon, and will leave rates unchanged for 27th month later Thursday

perrie como 08:09 GMT September 1, 2005 Reply   
Haifa ac 08:04 GMT September 1, 2005

good luck haifa...have some doubts you guys cd ever stop wars down there...faith is a double biased beast and you guys are the proof of It

Ldn 08:08 GMT September 1, 2005 Reply   
Euro-Zone Aug Mfg PMI 50.4 Vs 51.0 In July - Sources

Farnham SFH 08:08 GMT September 1, 2005 Reply   
Naples DC 08:06 GMT

Not sure about the barrier but I am a seller on a rally above 1.2360....

Farnham SFH 08:07 GMT September 1, 2005 Reply   
Guys is this the political forum or FX?

Naples DC 08:06 GMT September 1, 2005 Reply   
huge barrier at 1.2348
short Eur/$ tgt 12320/00
Any comment?

Haifa ac 08:04 GMT September 1, 2005 Reply   
perrie como 07:53 GMT //What CRAP!
Just watch Israel defeating terrorism!
Learn a little about Jihad!

Ldn 08:01 GMT September 1, 2005 Reply   
SA mk 07:54 GMT some first time traders may get a bit confused , GT.

quito_ecuador_valdez 08:01 GMT September 1, 2005 Reply   
perrie, fear not. It's Bush's last term. He can't be reelected. Betcha a cold mint julep the next pres won't be a warmonger. Had 9-11 not happened, we likely wouldn't have gone to Iraq. Sure Saddam had little or nothing to do with 9-11 but 9-11 was the excuse. The excuse. ♥

Farnham SFH 08:00 GMT September 1, 2005 Reply   
You guys John Pilger fans?

Minneapolis DRS2 07:57 GMT September 1, 2005 Reply   
There's an awful lot of politics and emotion here tonite...

SA mk 07:54 GMT September 1, 2005 Reply   
Ldn 07:13 GMT September 1, 2005
SA mk 07:10 GMT

buy USD? target 1.81

Sorry, I made a mistake it is buy gbp/usd target 1.81...

perrie como 07:53 GMT September 1, 2005 Reply   
The Perfect War

Anyone who is an expert on the Islamic world (we are not talking about the self-appointed right wing chickenhawk administration and media pundits) believes that Bush's Iraq war will lead to more terrorist attacks, not fewer. (See: http://www.chicagotribune.com/news/opinion/oped/chi-0303260147mar26,1,2651219.story) This means, when the next terrorist attack comes, Bush will further consolidate police and investigative powers in a cloak of executive branch secrecy, with the passage of Patriot Act II. It is almost impossible now to expose the betraying acts of the Bush Cartel, because any leak of the truth could likely subject such a patriot to a charge of aiding terrorists. By creating more terrorists, the Bush Cartel will be ensuring its own perpetual survival. Anyone who believes that what BuzzFlash is saying here is an extremist conspiracy theory is a fool. If you don't think that this is what is in the back of Karl Rove's mind and some other of the Bush Cartel strategists, you are a fool.

http://www.veteransforpeace.org/The_Perfect_War_032603.htm

perrie como 07:45 GMT September 1, 2005 Reply   
The following six ethical arguments against anti-aging medicine are presented and evaluated: 1) inequity: the poor die young by the millions, while the rich refuse to age; 2) denying aging's immutability; 3) dominating nature, altering and commodifying ourselves; 4) overpopulation: carrying capacity concerns and the rights of future people to be born; 5) ennui: with no natural deadline, life itself outlives its value; 6) ageism: prejudice against the old and the young. The paper then evaluates four ethical arguments in favor of anti-aging medicine: 1) beneficence: duties to maintain health and prevent disease and death; 2) efficiency: slowing down aging would reduce the rates for all of the most common causes of death in developed societies; 3) limited autonomy: freedom to purchase anti-aging medicines that may or may not work, so long as they are not harmful; 4) improved quality of life: more active, healthier, and wiser (two propositions supporting this argument - that anti-aging medicine would allow for a longer, more active, healthier, and fuller life and that wisdom comes from experience, not senescence - are also presented and evaluated).

http://www.liebertonline.com/doi/abs/10.1089/109454503322733045;jsessionid=oZ-eMIMSm-O4?cookieSet=1&journalCode=rej

quito_ecuador_valdez 07:41 GMT September 1, 2005 Reply   
goofy..I'd speculate yes. To 1.38 EUR/USD or 1.40 top. No matter, the USA needs a cheap buck to export lots of goods to reduce the deficit. but...it will have to buy expensive petroleum. Why doesn't the USA just say no..and sell it's oil to itself cheap? The oil companies are not the government. They are out for the buck. They don't care if the Amazon is ruined, rainforrests, or their own homeland..they only want to sell oil at the highest price possible. Exxon, Shell, Getty...all of the scum bags who take scalps when they should be giving out aid. Human greed.

Gen dk 07:41 GMT September 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

San Juan Lil 07:38 GMT September 1, 2005 Reply   
08:00 GMT- EU/GER/FRA- Aug PMI
08:30 GMT- UK- Aug PMI
09:00 GMT- EU- July Employment
11:45 GMT- EU- ECB Policy Decision
12:30 GMT- EU- ECB Press Conference
12:30 GMT- US- Weekly Jobless Claims
12:30 GMT- US- July Personal Income: vs. +0.5% June, see +0.5%
12:30 GMT- US- July Personal Consumption: vs. +0.8% June, see +1.1%
14:00 GMT- US- Aug ISM PMI: vs. 56.6 in July, see 57.0
14:00 GMT- US- Aug Construction Spending: vs. -0.3% July

quito_ecuador_valdez 07:37 GMT September 1, 2005 Reply   
It is an insult to human intelligence that we don't use solar electicity and wind power more. It's free energy save for the costs and maintenance of the widgets that convert light to electricity. And ozone friendly. And global warming friendly. And mid east unfriendly. Really, the only use for petroleum should be plastics, candle wax and floor polish. With one exception..heavy equipment. Diesel is still king. But Mr. Diesel who invented the diesel engine originally used vegetable oil as fuel..it was refineries who were dumping diesel who perked up and tuned the injectors..vola..the "new" diesel engine to burn trash fractions for which there was no use. True story.

chicago goofy 07:35 GMT September 1, 2005 Reply   
IS there a big sell off of US Dollar coming??

I am really sensing and fearful of that.

Sydney ACC 07:34 GMT September 1, 2005 Reply   
quito_ecuador_valdez 07:18 GMT September 1, 2005
Not my figures Valdez but US think tank.
But you raise an interesting point and that the Nixon Administration effectively poaid for the war through inflation and the depreciation of teh US dollar. The war to a large extent was paid for by foreigners who held dollars and US treasuries.
Is history repeating itself?

quito_ecuador_valdez 07:28 GMT September 1, 2005 Reply   
perrie, let's make a cheap electric car that plugs into your rooftop solar panels for a charge. Usual use for a car is only 1/10th of a day or less. Yet the sun shines at a favorable angle to charge batteries thru panels some 6 hours a day. Do the math. If the US gov would spend 1/10th the amount it does on war to develop cheap solar...hey...I know something. Electric cars go 200 miles on a charge at 55mph. Now. What if they REALLY worked on this? No gasoline to tax. Ooops! No road maintainence funds. No spin off for education. Who pays then? You. Same as now thru gasoline and diesel. But no dependance on the mid east either.

perrie como 07:26 GMT September 1, 2005 Reply   
quito_ecuador_valdez 07:25 GMT September 1, 2005

with all due respect ....forget nam...nowadays the situation is far far more bigger and complicated.....conflicts to widen in several nams in the future unless an international agreement cd be fixed

quito_ecuador_valdez 07:25 GMT September 1, 2005 Reply   
my point is that the Viet Nam war brought industry to a peak, made lots of money, bolstered the economy well. War-bucks. (Daddy Warbucks?) So...it's the same now. Industry is busy making all sorts of goodies to ship over to the sandbox. Jobs. Incomes. Taxes=tax revenue. It's not so much what Iraq costs as what it gains for the economy that's important. Whenever there is a lull in the economy, like every 10 or 15 years, the USA has a war. Then it's rosey again, til another 10 or 15 years..then another war perks up the economy. Let's face it, the USA is (IS) a wartime economy entity.

perrie como 07:23 GMT September 1, 2005 Reply   
How much water is there in the ocean? How much oxygen is in the air? How much consumption for a billion people and how many resources yet at disposal? How much oil yet to dig and at what (increasing) costs? Maybe reducing our consumptions and number of cars to a more normal standard might help, else...

Energy Crisis Reporthttp://www.dailyreckoning.com/RudeAwake/Articles/RA083105.html

Indonesia TL 07:23 GMT September 1, 2005 Reply   
thanks mr coz
thanks ecuador
thanks Ldn
thanks all.. appreciate all the info and hints alot.

perrie como 07:20 GMT September 1, 2005 Reply   
hk ab 06:22 GMT September 1, 2005
yes

if you mean the eurusd have fixed a target coupla weeks ago at 1.28 ....but might go 1.3 as well

shanghai bc 07:19 GMT September 1, 2005 Reply   

AB 06:22 -- Good afternoon..Eur/Usd may still still in 1.19-1.25 range for a few more weeks but with a potential to go to 1.27-1.28 first..We may have a decent trend to trade in coming weeks..Good trades.

quito_ecuador_valdez 07:19 GMT September 1, 2005 Reply   
1060's = 1960's..sorry for typo

quito_ecuador_valdez 07:18 GMT September 1, 2005 Reply   
ACC....I bought a breand new Chevrolet Chevelle in 1966 off the show room floor for exactly $3,200 USD. In 1968 I bought a brand new Harley Davidson Electra Glide "74" for $2,750. Today's dollars spent in war are worth around 1/8 to 1/7 of what they were in the Viet Nam era. So are you using today's dollars compared to 1060's dollars or did you factor in that 1/8th factor?

quito_ecuador_valdez 07:15 GMT September 1, 2005 Reply   
What I want to see also to bolster confidence in the USD is the good ole American spirt to show. The news agencies haven't had time to see and tell the true grit of what's happening yet. How many volunteers will flock to N.O.? How much more looting and cop shooting will happen? What's the resolve of the actual American public to go help neighbors? Is America what it used to be...or not? This is a true test of American spirit. Spirit goes a long long way in my opinion to bolster the currency. Hopefully America will do itself proudly. If it does not..it's an easy target for fanatic's WMDs and subversion. I think it's time to make an open call to true Americans to be true Americans.

Sydney ACC 07:14 GMT September 1, 2005 Reply   
The US war in Iraq now costs more per month than the average monthly cost of military operations in Vietnam in the 1960s and 1970s, a report has found.

The Iraq Quagmire, a report issued yesterday by the Institute for Policy Studies and Foreign Policy in Focus, two US anti-war groups, put the cost of operations in Iraq at $US5.6 billion ($7.5 billion) a month, or almost $US186 million a day.

"By comparison, the average cost of US operations in Vietnam over the eight-year war was $US5.1 billion per month, adjusting for inflation," it said.

Ldn 07:13 GMT September 1, 2005 Reply   
SA mk 07:10 GMT

buy USD? target 1.81

SA mk 07:10 GMT September 1, 2005 Reply   
Buy usd/gbp, target 1.8060 then 1.8160

quito_ecuador_valdez 07:08 GMT September 1, 2005 Reply   
Furthermore, come to think of it, the world is watching New Orleans in wake of Katrina hurricane destruciton..80% of the city is essentially useless at this point. What's the world watching? We're watching to see how the US government goes about tidying up the mess, relocation of victims, disaster management, rebuilding, in short "helping it's own" would to heal. Bush said it would take years. But he is doing one good job so far from the get go. I think we can use New Orleans and surrounding areas as a measuring stick on the actual USA wherewithal to heal a wound. If it can satisfactorily, good..the USD is good to go. If it can't..and if domestic petrol is seriously dented (32% of domestic petrol comes from Gulf of Mexico rigs and onshore refineries to boot) then it's a sign of weakness we have to factor into a deficit plagued USD. If no terrorism strikes further weaken the self healing power of the USA then New Orleans is the buck's measuring stick. If the healing process is unduly slow then it says to the world that if one or a few major cities are hit by WMDs then it's death rattles for Uncle Sam. Let's hope the later is only a fear...not to happen.

Ina mr.co'z 07:06 GMT September 1, 2005 Reply   
Hello Friends...!!

hello indonesia...

my little views : Long eur/usd at 1.2270 with target 1.2417/28

Long gbp/usd at 1.7987 with target 1.8129

Good luck and Good Trade !...

quito_ecuador_valdez 07:00 GMT September 1, 2005 Reply   
sure, I have an op on Euro (if you mean EUR/USD). Check the dollar index for the last couple years. It's coming off a peak. That usuallly means it's headed for a dip. Big dip. If that is the case and that pattern persists, and if the Euro is stable (which some say it is NOT..some say it is) then I would expect EUR/USD to be a long..longing into Christmas much as it did last year in December. This does follow my model however the dollar strength to low 1.20s threw me a curve..wasn't expecting THAT LOW on the chart. My "error" makes me a bit shakey on prognostications without a LOT of classification of them with lots of "if" and "then" statements to clear up the mud.

hk ab 06:32 GMT September 1, 2005 Reply   
safety stop for dlr/cad longs at 1.1867.
let's see.

Indonesia TL 06:30 GMT September 1, 2005 Reply   
anyone has a view on euro and cable?

Maribor 06:25 GMT September 1, 2005 Reply   
EURJPY(model): sell at market , stop above 13685 offer good R/R as 13678 is trigger for up.

hk ab 06:22 GMT September 1, 2005 Reply   
bc//are you still holding eur bullish bias for m/t?

Gen dk 06:18 GMT September 1, 2005 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Syd 06:16 GMT September 1, 2005 Reply   
Australian dollar hasn't built on the gains and technically looks overbought after the overnight rally, according to analysts.
The U.S. dollar appears to be the driving force for the Australian dollar at the moment, according to Custom House senior trader Charles Wiggins.

"It was all purely on what happened in the U.S.," Wiggins said.

YYX MAXXIM 05:25 GMT September 1, 2005 Reply   
Putafiboinafibo and see if it cracks a certain lvl.1.7999 nxt. GL.

Hyderabad GPSK 05:15 GMT September 1, 2005 Reply   
Hai,
Anyone goin for a short in cable at 1.8050 ?

YYX MAXXIM 04:39 GMT September 1, 2005 Reply   
http://www.livecharts.co.uk/Members/display_currency_data.php

Toronto MRC 04:18 GMT September 1, 2005 Reply   
Toronto...you are more valuable to this forum if you pick initials. This is a tough market you have to be willing to pick your call then ride it out with out worrying about your loss.
USDCAD is a disaster for Canada…a poison that slips in to your system…acts slowly and has no chance of recover. PS lexus are great cars. GL GT

LA fxnew 04:11 GMT September 1, 2005 Reply   
hi all ..
given high oil price .... and worse katrina problem .. will cable keep going up? or it should go down despite of all those probls??

thanks

Moscow JD 03:48 GMT September 1, 2005 Reply   
Morning everyone!

I had the GBP long yesterday afternoon from 1.7848 and took profit too early when I saw the big rise at 1.7888 - Would someone like to kick me!!

I've got USD/CAD and USD/JPY long from end of New York session - haven't the foggiest idea of a target again though!

Caribbean! Rafe... 03:43 GMT September 1, 2005 Reply   
RES 2 20142
RES 1 19996


SUP 1 19856
SUP 2 19710

Sydney ACC 03:35 GMT September 1, 2005 Reply   
Syd 02:59 GMT September 1, 2005
I may be wrong, they may have intervened this year, but certainly under Brash they had never intervened in the forex market. Intervention can occur by other means though.
Recall during the Asian financila crisis the RBNZ jacked up interest rates, the RBA left them alone, RBNZ did noit intervene in the forex market, the RBA tested and smoothed.
NZD strengthened AUD weakened. AUD/NZD weakened to 1.07 from around 1.15.
NZ domestic economy had to bear the brunt of high interest rates.
Domestically AU economy sailed on.

Caribbean! Rafe... 03:26 GMT September 1, 2005 Reply   
Toronto 02:53 GMT September 1, 2005


Build your own system that fits your personality, the guy that is selling this system is a crook.

Try learning shanghai BC's advice from gvilearning.com it helps a lot and saves you from wasting all the money you'd spend on the forex made easy load of crap.

GL.

denver 03:04 GMT September 1, 2005 Reply   
Toronto.. I would not recommend that software....

Syd 03:03 GMT September 1, 2005 Reply   
Sydney ge11ja could be right and as I said 'wool'

Syd 03:01 GMT September 1, 2005 Reply   
John Key, finance spokesman for the center-right National Party This guy with the wool between his ears. not the RBNZ

Mtl JP 03:00 GMT September 1, 2005 Reply   
toronto 02;53 / suugest you do some digging in global-view forums. For example, searching on "easy" on the HELP forum yields:

Spotforex NY 15:52 GMT January 24, 2005
here are some thoughts about forex made 'easy'

LA Mel 20:33 GMT January 19, 2005
this guy needs a good clobbering, and some time in jail. he is a criminal, and deserves to rot, for stealing and lying. (not that i feel strongly about it). i am tired of seeing his commercial with women in their robes saying how easy trading is. i would love to have a one on one with this crook. forex isnt easy, and he has been misleading so many people. he has ZERO practical experience in this.


Sydney ge11ja 02:59 GMT September 1, 2005 Reply   
Syd 02:52 GMT September 1, 2005
John Key worked at BT Auckland in the late 80's and then Merrill Lynch Sing and London in the nineties. I guess he wants to trade again.

Syd 02:59 GMT September 1, 2005 Reply   
Sydney ACC, They must be crazy , that give traders the possibility to destroy the currency if they so wish as you say the RBA used it to their benefit - the problem is they have too much Wool between their ears The RBNZ.


NZ opposition National Party has taken 2 point lead over Labour government in latest opinion poll, less than three weeks from Sept. 17 election. National on 41% support, according to 3 News TNZ poll, with Labour on 39%; this particularly good news for National as 3 News poll generally considered to favor Labour. National leader Don Brash told NZPA party's tax policy is attracting voters.

Sydney ACC 02:56 GMT September 1, 2005 Reply   
Syd 02:52 GMT September 1, 2005
Try telling the Reserve Bank of Australia that. Over the longer term their policy of intervention has been very profitable.
Even the debt managment office in Treasury with their swaps did well, notwithstanding the criticsm they took when AUD was below 60 cents US.
As an Australian taxpayer I hope they continue to intervene.

Toronto 02:53 GMT September 1, 2005 Reply   
Hi
I would appreciate if anybody can tell me that they have used a signal providing software called 4X made Easy, if yes, pls advise how do you rate this software, I mean, Is it worthbuying and is it reliable, Pls advise, will appreciate your help.
Thanks

Syd 02:53 GMT September 1, 2005 Reply   
Keep a bullish posture on USD as long as combination of high oil prices, Fed hike posture keeps market focused on U.S.-led global slowdown, says DBS; with Iranian nuclear issue headed for U.N. General Assembly, loss of oil production from Hurricane Katrina, most believe oil will hold at high levels. As long as global growth doubts persist, attempts at revitalizing CNY revaluation speculation ahead of Hu's U.S. visit or G7 meeting will find it difficult to gain traction, neither will it be easy to return to Japan's story of exiting deflation

Sydney ACC 02:52 GMT September 1, 2005 Reply   
Ldn 02:42 GMT September 1, 2005
Iread on an Australasian Investment Review website that approximately 250k tonnes or nearly 50% of the world's stock of zinc is stored in the New Orleans area.

Syd 02:52 GMT September 1, 2005 Reply   
-New Zealand's central bank will lose its right to independently intervene in foreign exchange markets if the country's main opposition party wins power at the general elections this month.

John Key, finance spokesman for the center-right National Party, said that if his party is elected to government, he will reverse a law which allows the Reserve Bank of New Zealand to intervene and influence the local currency when it is at "unjustifiably" high or low levels.

"I don't think currency intervention achieves anything," Key told Dow Jones Newswires.

Ldn 02:42 GMT September 1, 2005 Reply   
Copper inventories rise to a 9 month high

Syd 02:41 GMT September 1, 2005 Reply   
As long as U.S.-led global growth concerns persist (most analysts predict oil prices will sustain at current high levels, and Fed appears more preoccupied with pre-empting long term inflation risks rather than potential for slower growth), attempts at revitalizing CNY revaluation speculation ahead of President Hu's visit to U.S. or upcoming G7 meeting difficult to gain traction, says DBS. Eyes risk of FX market exploiting Indonesia's mini crisis - albeit subsiding - to spark contagion worries in Asia, now that FX trades linked to CNY, MYR souring

Winston-Salem SA 02:34 GMT September 1, 2005 Reply   
wonder what cotton futures look like

Winston-Salem SA 02:30 GMT September 1, 2005 Reply   
North Carolina-Gas Prices Reg-2.89
89 Octane-2.99
Premium -3.09
Some stations report out of gas.possibly not pumping and expect a .10 across the board increase on Thursday morning

Singapore Alimin 02:26 GMT September 1, 2005 Reply   
euro stays very well bid, might see an attempt to attack the 1.2370/80 level later and then 1.2420 for 1.2460 test again, support for the moment would be 1.2270/80, break below 1.2230 this time will be quite bearish IMHO

melbourne farmacia 02:09 GMT September 1, 2005 Reply   
Sfx - cheers.

Singapore Sfx 01:55 GMT September 1, 2005 Reply   
1.8057 stg overnite high, matey

melbourne farmacia 01:48 GMT September 1, 2005 Reply   
Overnight ebs high on gbp anyone...ta


Mla Evan 12:44 GMT - GT

Syd 01:40 GMT September 1, 2005 Reply   
House prices, as measured by Australian Bureau of Statistics quarterly index, unexpectedly fell 0.1% in 2Q, versus market consensus of 0.1% rise. Prices have been moderating since end of property boom that was led by Sydney market. RBA has welcomed cool down in housing market after rate hikes in late 2003 and early 2005,currently has interest policy in neutral

chgo JB 01:15 GMT September 1, 2005 Reply   
Syd 01:14 GMT September 1, 2005

lol.. precisely, Syd

Syd 01:14 GMT September 1, 2005 Reply   
chgo JB 00:56 GMT a bit of double talk to confuse us dont you think - a bit like Greenspan.

Caribbean! Rafe... 01:06 GMT September 1, 2005 Reply   
12351 is a top on euro for today (and maybe this week...) IMO.

Melbourne Qindex 01:02 GMT September 1, 2005 Reply   
The Daily  Directional Indicator has been Updated :  Register with Jay at  [email protected] if you have no access to my page.

chgo JB 00:56 GMT September 1, 2005 Reply   
Syd 00:30 GMT September 1, 2005
"Hurricane Katrina's ripple effects are unlikely, for now, to stop Fed hiking rates, though odds of eventual pause have edged up, says WSJ Fed watcher Greg Ip"

How can "the odds of eventual pause" edge up? The odds
of eventual pause are, and always have been, 100%

Atlanta South 00:44 GMT September 1, 2005 Reply   
Ldn Delboy////22:21.... anything is possible......you could be right. gt

Syd 00:30 GMT September 1, 2005 Reply   
Hurricane Katrina's ripple effects are unlikely, for now, to stop Fed hiking rates, though odds of eventual pause have edged up, says WSJ Fed watcher Greg Ip: Fed, like everyone, won't know for some time the degree, duration of Katrina's impact; while economy probably able to absorb direct effect of higher energy prices, impact may be larger if consumer confidence hurt - and that'll take weeks to determine. Fed tipped to hike 25 bps Sept. 20; after that, says Morgan Stanley's David Greenlaw, "the odds of them skipping one of the next few meetings are low, but rising." Ip notes Fed has set relatively high bar to pausing.

Toronto 00:10 GMT September 1, 2005 Reply   
Toronto MRC 00:05 GMT September 1, 2005

lol.....thats sad...either way, the lease on a 90 grand car can't be cheap....it is beautiful ...I love cars as u can tell..looking forward to the LS400 in the near future....

as for forex, I am quite disappointed with usd/cad's close today, it really opens up the door way to challenge the 1.17 level. Technically we should expect a bounce from that level (since last time this occured, we saw usd/cad rise up to 1.66ish)...but I the fundamentals are so different this time around, I doubt it will happen

Miami OMIL (/:-> 00:06 GMT September 1, 2005 Reply   
Spotforex NY 23:54 GMT August 31, 2005
Same to you spot. It is a hit and run and ride it till the wheels fall off time coming up LOL. GT

Toronto MRC 00:05 GMT September 1, 2005 Reply   
Toronto It's a lease, I'm still paying for my ex's Range Rover but at least she pays her own gas.

Toronto 00:00 GMT September 1, 2005 Reply   
Toronto MRC 23:50 GMT August 31, 2005
oh dear...did forex pay for that?

 




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

Forex News

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

Currency Trading

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

Forex Brokers

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

Forex Trading

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

FX Trading

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

Forex Blog

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

 

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