User Name: Password:      Register - Lost password?

2003  2004  2005  2006  2007  2008  2009  2010  2011  2012  2013  2014  2015  2016  2017  2018  2019  2020  2021  
January  February  March  April  May  June  July  August  September  October  November  December  
01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31

Forex Forum Archive for 10/19/2007

Pick a date from the header above to view forum postings for that day.
Click here to join the Live Forex Forum.


shanghai bc 23:59 GMT October 19, 2007 Reply   

The truth for G-7

Washington DC 23:18 GMT October 19, 2007 Reply   
G7 draft points at China; no mention of dollar

Alaska Moon 23:11 GMT October 19, 2007 Reply   
Norway e.s 21:57 GMT October 19, 2007
=========
Yes.... I agree totally !! Jay and John....We realize you guys have a tough job, but we appreciate your effort !!!!
Moon

Norway e.s 21:57 GMT October 19, 2007 Reply   
Well marked is just closed,
Want to tell a spesial thencks to Jay and John for the work leting os comunicate on this site.Dont post often but i reed al the time and I hawe lerned much here.
Wish all a nice wecand!

Geneva DS 21:14 GMT October 19, 2007 Reply   
unbelievable... long gbp works.... and short chfjpy works as well... did some double up before the close here.... good weekend.... dow minus 320 points... ufffff....

Livingston nh 20:57 GMT October 19, 2007 Reply   
US Money supply growth is negative in M1 (lower demand deposits) and only 5.5%to 6% at various time frames for M2 -- Agree that Fed had no need to cut the Funds Rate

FW CS 20:51 GMT October 19, 2007 Reply   
Geneva 20:15 GMT October 19, 2007

rereading your statement that is what the Fed SHOULD be doing is reigning in the excess money supply but what they will do is a different thing.

FW CS 20:50 GMT October 19, 2007 Reply   
Geneva 20:15 GMT October 19, 2007
If you beleive the Fed believes that then there would not have been any cuts to begin with and they would instead be raising rates.

Maribor 20:24 GMT October 19, 2007 Reply   
Pecs Andras 20:16 GMT

Small speculators are short cable, that is why...but cycle is pointing down, so my guess is at least one 1 hour bar below 2,044 and possibly much more...

Pecs Andras 20:16 GMT October 19, 2007 Reply   
Yen strenght is driving down the high yielders, but not GBP. why is that?

Geneva 20:15 GMT October 19, 2007 Reply   
FW CS 20:09 GMT October 19, 2007

They need to rise not to cut, bring the dollar back as a strong currncy. and if there is a slow down in the economy so what? stop bubbles.

Maribor 20:11 GMT October 19, 2007 Reply   
Geneva: why shouldn't it end like zero interest rate policy or islamic banking?

Nice weekend all!

Mtl JP 20:09 GMT October 19, 2007 Reply   
what g-v should do - IF it were possible - is to ban the use of past tense verbs in conjuction with posting trade comments/ideas and allow only future and present tense. No-one cares about historical "did this or that" other than the hind-sight poster abusing g-v's real-estate and audience for selfish personal ego' s satisfaction.

FW CS 20:09 GMT October 19, 2007 Reply   
Geneva 20:04 GMT October 19, 2007
I am wondering if the Fed cuts before the FOMC meeting at the end of the month. I say if the Dow falls another 500-1000 points that is a good possibility. If they cut before the meeting will they also cut at FOMC? Firs thing is first though.

Alaska Moon 20:09 GMT October 19, 2007 Reply   
Pecs Andras 19:52 GMT October 19, 2007
========
Yes, Andras.....We know the trader knows what he means, but it is no use at all to the forum.
As Jay says.....A simple long USD/CAD is the best way to describe a position.
All the new traders will not be so confused !!!! LOL
Moon

Geneva 20:04 GMT October 19, 2007 Reply   
Now what? Ben will come again cut 50 to help wallstreet! and after what?.

Maribor 20:01 GMT October 19, 2007 Reply   
My cycles shows EURUSD, GBPUSD, AUDUSD down, USDJPY, USDCHF up...

If next week that will become evident, it will not be because G-7 statement... if not, I am wrong.

Pecs Andras 19:52 GMT October 19, 2007 Reply   
Toronto tn 19:50 GMT October 19, 2007
You are right, mate.
And Jay has kindly asked us several times to use standard currency symbols for the sake of clarity.
Some people just dont care

Gen dk 19:41 GMT October 19, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Geneva 19:39 GMT October 19, 2007 Reply   
Aussi

AUSTRALIAN DOLLAR - CHICAGO MERCANTILE EXCHANGE Code-232741
FUTURES ONLY POSITIONS AS OF 10/16/07 |
--------------------------------------------------------------| NONREPORTABLE
NON-COMMERCIAL | COMMERCIAL | TOTAL | POSITIONS
--------------------------|-----------------|-----------------|-----------------
LONG | SHORT |SPREADS | LONG | SHORT | LONG | SHORT | LONG | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF AUD 100,000) OPEN INTEREST: 96,797
COMMITMENTS
64,754 9,165 331 7,431 79,191 72,516 88,687 24,281 8,110

Geneva 19:38 GMT October 19, 2007 Reply   
Kiwi

NEW ZEALAND DOLLAR - CHICAGO MERCANTILE EXCHANGE Code-112741
FUTURES ONLY POSITIONS AS OF 10/16/07 |
--------------------------------------------------------------| NONREPORTABLE
NON-COMMERCIAL | COMMERCIAL | TOTAL | POSITIONS
--------------------------|-----------------|-----------------|-----------------
LONG | SHORT |SPREADS | LONG | SHORT | LONG | SHORT | LONG | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF NZD 100,000) OPEN INTEREST: 30,684
COMMITMENTS
25,591 3,206 105 2,407 25,560 28,103 28,871 2,581 1,813

Canada 19:37 GMT October 19, 2007 Reply   
Euro

EURO FX - CHICAGO MERCANTILE EXCHANGE Code-099741
FUTURES ONLY POSITIONS AS OF 10/16/07 |
--------------------------------------------------------------| NONREPORTABLE
NON-COMMERCIAL | COMMERCIAL | TOTAL | POSITIONS
--------------------------|-----------------|-----------------|-----------------
LONG | SHORT |SPREADS | LONG | SHORT | LONG | SHORT | LONG | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF EUR 125,000) OPEN INTEREST: 208,345
COMMITMENTS
116,748 30,144 1,911 32,931 141,380 151,590 173,435 56,755 34,910

Geneva 19:36 GMT October 19, 2007 Reply   
Latest COT CAD

CANADIAN DOLLAR - CHICAGO MERCANTILE EXCHANGE Code-090741
FUTURES ONLY POSITIONS AS OF 10/16/07 |
--------------------------------------------------------------| NONREPORTABLE
NON-COMMERCIAL | COMMERCIAL | TOTAL | POSITIONS
--------------------------|-----------------|-----------------|-----------------
LONG | SHORT |SPREADS | LONG | SHORT | LONG | SHORT | LONG | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF CAD 100,000) OPEN INTEREST: 147,428
COMMITMENTS
90,940 13,991 2,115 18,037 109,362 111,092 125,468 36,336 21,960

The Netherlands Purk 19:31 GMT October 19, 2007 Reply   
Ah all this attention, just what the clog needed for a good weekend. I believe in an open mind and a freedom of speech. Every time someone speaks i learn. Every time i speak somebody else learns. So i guess at the end we all learn. Question is what do we learn. There is no absolute truth, just situations that are changing from b to m.b.
Clog out for a very nice weekend. Thinning my CAD shorts and adding to e/u SHORTS....

houston st 19:25 GMT October 19, 2007 Reply   

PURK 19:05 GMT -- I've been hanging around this place since '01 and that just isn't true...if anything the GVI guys bend over backwards to accommodate everyone, no matter what the view..I'm not sure what caused this dustup and really don't care, but to be truthful I have never met the trader that is right 100% of the time, no matter what is posted here...none of us walk on water, and that includes me...to belabor the point about Zeuster is a waste of good real estate here on GVI, and is speculation at best...I'm sure he will be back among us soon, fighting the good fight in the trading trenches...for now I'd clog into the weekend and start fresh next week...gl/gt.

Gen dk 19:23 GMT October 19, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Global-View 19:13 GMT October 19, 2007 Reply   
Purk, why don't you have some respect for us and stop spreading such nonsense. You have been here long enough to know better. If you have any questions, you know where to reach us.

austin gw 19:09 GMT October 19, 2007 Reply   
hmmm, did i miss something? zeus got banned?
wow, ok thanks purk.

The Netherlands Purk 19:05 GMT October 19, 2007 Reply   
Austin gw. Guess that Zeus is banned from this forum for his bullish attitude in usd. But(t) i am sure that he is in Zeus heaven wishing you happy days!

London NYAM 19:03 GMT October 19, 2007 Reply   
Purk i figure after the sea levels rise and all the dutch move there, and eurgbp is at parity, and te uk housing market crashes, bruxelles property will be like Tokyo in the 90s.G ood schools, good friends good beer.
Once moved you are always welcome el capitan.
Nuff said.

jkt rick 19:00 GMT October 19, 2007 Reply   
if GOogle shares can go from $100 to $650, then the rally by GOld looks like a baby rally...atleast GOld is real money used before money existed, wheras google is just a website.

austin gw 18:57 GMT October 19, 2007 Reply   
zeus, you around? would like to get your take on current eur/usd action.

Pecs Andras 18:53 GMT October 19, 2007 Reply   
FM
What is your pick?

Lahore FM 18:50 GMT October 19, 2007 Reply   
very nice picks for patient traders on this g7 weekend!

good weekend all!

The Netherlands Purk 18:46 GMT October 19, 2007 Reply   
You are moving down under NYAM? Belgium, hmm nice country. Why Bruxelles of all places?
Yep i can take the clog car drive the clog roads and we can toast on whatever there is left toasting.
Will come after the storm NYAM, i am sure you dont want a clog to arrive too soon...

As soon as i see morning glory in loonie i will reduce my positions. My energy will be on the e/u and e/j from now on. I will let 3 positions run and will have a target of 9899. Fed up with this one

Global-View GVI 18:44 GMT October 19, 2007 Reply   
Posted on GVI:

tor Pumpkin 18:32 GMT October 19, 2007
DJ G7 DRAFT DOESN'T SPECIFICALLY MENTION EURO, DLR, YEN -SOURCE

giddy up eurusd

London NYAM 18:39 GMT October 19, 2007 Reply   
Ugg what a long slow and painful correction this looks like we will get for usdcad (on a wave 4 of a final wave 5 of 5 of 5 of....)Question is how low can it go after it takes a breath? Isuspect that the cluster underneath at .9540-60 will just about do it.
USDJPY looks like it has entered new ranges 114.30-50 to 116.50 have abuy orde3r waiting at 114.67.
ill be in bruxelles next week looking for a new home. hey purk you can come and visit!

Hong Kong Ahe 18:39 GMT October 19, 2007 Reply   
The Netherlands Purk 17:56 GMT - I started to note Hong Kong ab used the term Loonie few years ago in this forum. I asked him and he told me that was CAD. It looks like Toronto tn doesnt know Loonie = CAD.

Rio Tinto Analistafx 18:13 GMT October 19, 2007 Reply   
Hi friends!
Do you know when G7 will speak?
Thanks!
GT & GL

The Netherlands Purk 17:56 GMT October 19, 2007 Reply   
Loonie
From Wikipedia, the free encyclopedia
• Ten things you may not know about images on Wikipedia •Jump to: navigation, search
For a mentally ill person, see lunatic.
One dollar (Loonie) (Canada)
Value: 1.00 CAD
Mass: 7 g
Diameter: 26.5 mm
Thickness: 1.75 mm
Edge: Eleven-sided, smooth
Composition: 91.5% Ni,
8.5% bronze plating
(88% Cu, 12% Sn)
Years of Minting: 1987–present
Catalog Number: -
Obverse

Design: Elizabeth II, Queen of Canada
Designer: Susanna Blunt
Design Date: 2003
Reverse

Design: common loon in water
Designer: Robert-Ralph Carmichael
Design Date: 1987
Loonie is the name Canadians gave the gold-coloured, bronze-plated, one-dollar coin shortly after its introduction in 1987. It bears images of a common loon, a well-known Canadian bird, on the reverse, and of Queen Elizabeth II on the obverse.

The design for the coin was meant to be a voyageur theme, similar to the country's previous one dollar/silver dollar coin, but the reverse dies were lost by a courier service while in transit to the Royal Canadian Mint in Winnipeg. In order to avoid possible counterfeiting, a different design was used [1].

The coin has become the symbol of its currency. Newspapers will often discuss the rate at which the loonie is trading against the United States dollar. The nickname loonie (huard in French), initially a slang term for the Canadian dollar, became so widely recognized that in 2006 the Royal Canadian Mint secured the rights to the name "Loonie".[citation needed]

The coin -- an 11-sided polygon -- is made of Aureate, a bronze-electroplated nickel combination. The total composition of the coin is 91.5% nickel and 8.5% bronze. The bronze is about 88% copper and 12% tin.

The Netherlands Purk 17:38 GMT October 19, 2007 Reply   
Ah, a bordeel, well well the english language has more hidden clogwords than i thought...
I wish everybody a nice weekend. And as for GUPTA: your humble input is appreciated...

Bon Air VA Dennis 17:23 GMT October 19, 2007 Reply   
purkster, a fancied up Amsterdam cathouse! ;)

The Netherlands Purk 17:06 GMT October 19, 2007 Reply   
what means bordello? not that intelligent.

The Netherlands Purk 17:04 GMT October 19, 2007 Reply   
more loonie shorts waiting.

Toronto tn 17:01 GMT October 19, 2007 Reply   
Purk, there is no such thing as "short loonie" in the spot market. Frankly your word games are getting tedious. This is not a bordello. Use the proper terminology or just shut up.

henry Phila 16:54 GMT October 19, 2007 Reply   
DDT may be reintroducedsoon. Rachel Carson killed 10s of million to Malaria.

meantime, many hedgies are starting to hurt in their Y carry trades. I think the soon fry.

The Netherlands Purk 16:53 GMT October 19, 2007 Reply   
Well CB nice post, although i do not understand a f. you talk about, but it looks beautiful.

I do apologize with this line to Geneva DS for using her/her name as a contraindicator. That is not a nice thing to do. Wont happen again.

Halifax CB 16:49 GMT October 19, 2007 Reply   
The Netherlands Purk 16:30 GMT October 19, 2007
While I do understand that the bald eagle is generally considered a tougher bird than the loon, one must bear in mind that many eagles were imported into the States from Cape Breton (NS, Canada) to replace those killed off by overuse of DDT. So they may well be sleepers, or fellow travellers, or simply longing to go back home. Perhaps the House Committee on Un American Activities (or the CIA) should investigate this...

The Netherlands Purk 16:45 GMT October 19, 2007 Reply   
I really like to thank ZEUS for his calls in the e/u. I closed half of half again for lotsa pips.
Told the forum before that he has to be watched out for. There is a big But(t) on that one. He trades with different timeframes than anybody i have seen here. He is a master in thinning and a master in monitoring positions.

Agree with NYAM here: loonie will visit 9680 again.

The Netherlands Purk 16:39 GMT October 19, 2007 Reply   
Further to my 11:43 GMT post-

Does this mean you are long usd/cad or long C$ (short usd/cad)? Please be clear and talk in market convention as opposed to chatroom convention, Market convention would be long loonie = short usd/cad but assume you mean the opposite.

Mtl JP 16:35 GMT October 19, 2007 Reply   
Purk 16:30 / = long dlrcad 96342 ?

The Netherlands Purk 16:30 GMT October 19, 2007 Reply   
added short loonie at 96342

Geneva 16:22 GMT October 19, 2007 Reply   
USD/CAD on long term chart is so over sold!!!
Its look like Tom & Jerry, when he run run run and he is running in the air and then he fall!

Mtl JP 16:14 GMT October 19, 2007 Reply   
fwiw, I checked with a bank dealer and the low usd/cad trade interbank was .9633

GENEVA DS 16:07 GMT October 19, 2007 Reply   
anotherone long term selling CAD and buying Mexico.... 20 percent profit in 3 years... as they will start AMERO after election in US...

Geneva 16:03 GMT October 19, 2007 Reply   
Buying HKD selling Euros could be a very big long term Play!!!!.

Geneva 16:00 GMT October 19, 2007 Reply   
The fact that the usd/cad don't even correct show to me the we heading into a multimonth bottom, that on the condition that 0.9383 will hold!

London NYAM 15:53 GMT October 19, 2007 Reply   
Zeus it appears Jay wants to speak to you in private. Just e-mail him for Zeus's sake!

USA Zeus 15:52 GMT October 19, 2007 Reply   
GVI Jay 15:50 GMT October 19, 2007

Inbox is empty Jay. What is so urgent that you must delete my entries?

USA Zeus 15:50 GMT October 19, 2007 Reply   
What in the world is going on here? Deleting posts etc???!!!-

USA Zeus 15:32 GMT October 19, 2007
Yes- added USD/CAD .9632.

GVI Jay 15:50 GMT October 19, 2007 Reply   
Zeus, check your email

USA Zeus 15:46 GMT October 19, 2007 Reply   
GVI Jay 15:43 GMT October 19, 2007

Dunno what you want but you can send me an e-mail as mentioned. As for the positions traded no reason to delete. Deleting positions makes it unfair to those who can't find them when exits are reported.

GVI Jay 15:43 GMT October 19, 2007 Reply   
Zeus, please don't post until you speak withg me. Tks

London NYAM 15:35 GMT October 19, 2007 Reply   
FWIW: Unfortunately, I dont get a decent wave picture without yet another leg down. But we should bounce some from here to 9660-.9680. IMHO

melbourne DC 15:31 GMT October 19, 2007 Reply   
follow up on y'day
1529 GMT [Dow Jones] The riskiest slice of the subprime mortgage-based index based on home loans from the second half of 2006 hit another record low on Friday. "There's a realization that the subprime problem is not over," said Alex Pritchartt, a trader at UBS. The BBB- slice index is quoted at 21.5 cents in "fairly active trading," Pritchartt said. It had closed at 22.1 cents on Thursday, according to Markit, the administrator of the index.(ASH)

GVI Jay 15:28 GMT October 19, 2007 Reply   
Zeus, pls contact me on Yahoo

melbourne DC 15:25 GMT October 19, 2007 Reply   
would US be persuade to say something to stay the usd weakness with argument weak usd lead higher oil ?

melbourne DC 14:55 GMT October 19, 2007 Reply   
00:54
*DJ PBOC Adviser Fan: US Pressure For Yuan Rise May Intensify
*DJ Fan: China Worried About Huge Speculative Capital Inflows

The Netherlands Purk 14:48 GMT October 19, 2007 Reply   
Wish i had taken his/her contraadvice on the cable this morning at 20500 ish.

USA Zeus 14:47 GMT October 19, 2007 Reply   
Well Friday is Friday. Cheers to you NYAM buddy. Well clogs are great because they are model citizens and they are experts at that range thingy. Yes that HK trader guy who keeps it up will soon having us all laughing our b's off. Looking at USD strength at the heels of carry unwind incl selloff in equities, oil and gold could say we say that coming today...but then that is what the archives are for.

Good timeZ

The Netherlands Purk 14:46 GMT October 19, 2007 Reply   
Closed out my last contraindicator Geneva short in bugger here, i am done with the bugger for the time being call it bugger fatigue.

PAR 14:42 GMT October 19, 2007 Reply   
US stocks normal pattern , weakness during NY morning and then when Europe is closed big rally during NY afternoon . A little to predictable . I am off . Have all a nice and pleasant weekend .

Makassar Alimin 14:41 GMT October 19, 2007 Reply   
Zeus, what's your target re. crude oil short position? do you also have usdcad long position to play with this?

The Netherlands Purk 14:36 GMT October 19, 2007 Reply   
Milkshaes are for GUPTA NYAM, we drink water and eat Clog stuff.

London NYAM 14:33 GMT October 19, 2007 Reply   
Have a milkshake on me Captain Purk.

philly JS 14:31 GMT October 19, 2007 Reply   
Recently opened bank accounts denominated in CAD/EUR/AUSSIE with EVER BANK. Watching posts here to keep track of rates. EVERBANK charges 0.75 fee to convert and orders are placed early in day with no control over price. Seems like steep costs VS your trading commissions. I'd like to get maximum control over my money with minimum costs and hopefully some insurance protection..earned interest not very important..any suggestions from traders? I don't anticipate doing much if any trading...little stromach left for it.

The Netherlands Purk 14:30 GMT October 19, 2007 Reply   
eat with the family,

The Netherlands Purk 14:27 GMT October 19, 2007 Reply   
Well NYAM, i took half of all my possies in e/u out, and will keep the others for this weekend.
The Swissy is a nice indicator, and as long as that trades above 1.17 dollar is okkie.
This might turn out to be a oldfashined ------ oldfashioned Friday, which is: a dead market so that i can with the family!
As for loonie is concerned. Patience is now the key thingy.
Cheerio!

London NYAM 14:18 GMT October 19, 2007 Reply   
Whew accidentaly bought 10x my normal max pos size at .9651 on usdcad. Had to sweat out that tight range thingie to get my bottom out. Thank you CAD.
Bought back my EURGBP at .6962 add at .6945 if seen.
Zeus/DC/Purk and other dollar-bulls looking good so far. Way to keep it together.
"A second characteristic is that almost all of successful traders and investers are loners. They more or less have to be, becuase they are constantly called on to take positions opposite the crowd. [But]..there is no point in bucking the crowd just for the sake of being contrary. The investor aslo needs to rationalize why the crowd may be wrong and what the alternative outcomes are likely to be. These money masters therefore have the ability or knack to justify their contarriness,. This gives them the confidence to hold on to the position and swim upstream against the current of popular opinion." Martin J. Pring Investment Psychology Explained pg.190
Well i dont know if we successfully did the latter ;)

Maribor 13:58 GMT October 19, 2007 Reply   
slv sam 13:50 GMT

My cycles (for next ~ 30 hours) are up for USDJPY, no need for intervention, just good entry level around 115 (if valid cycle).

PAR 13:51 GMT October 19, 2007 Reply   
Us stocks bouncing back after bullish comments from Gazarelli . Citi as in past turning to Saudi Royals for fresh money to solve their problems.

Maribor 13:50 GMT October 19, 2007 Reply   
BRUNEI yu yu 13:45 GMT

I guess there can be no certainity in whatever answer.

slv sam 13:50 GMT October 19, 2007 Reply   
usdjpy intervention at 115??

BRUNEI yu yu 13:45 GMT October 19, 2007 Reply   
Does the GBP & EUR has reached the highest peak today already? or is it going longer than yesterday?

London Gooner 13:37 GMT October 19, 2007 Reply   
French CAC40 has gap 250 points below spot.

London NYAM 13:36 GMT October 19, 2007 Reply   
okay heres the reasoning. If USDCAD is near the bottom and USDCAD is a decent indiactor of dollar direction what do we do wit EUR and GBP? Lot-a-ifs, but-no-but. But peculiarly i dont have the bottom optimized on USDJPY that seems to have another leg at least.

Melbourne Qindex 13:35 GMT October 19, 2007 Reply   
USD/CAD: Heading Towards 0.9634

USA Zeus 13:33 GMT October 19, 2007 Reply   
Added some USD/CAD .9647

Melbourne Qindex 13:32 GMT October 19, 2007 Reply   
USD/CAD : The following is still valid :-


Melbourne Qindex 11:27 GMT October 6, 2007
USD/CAD : Heading Towards 0.9634

The pattern of the monthly cycle charts suggest that the market has a tendency to trade between 0.9492 and 1.0072. The mid-point reference of 0.9492 and 1.0072 is 0.9782. The market is going to consolidate between 0.9759 - 0.9865 for the time being and the odds are high that it would tackle 0.9634.

Mtl JP 13:30 GMT October 19, 2007 Reply   
when something is precariously balanced on a ledge, the predominant urge is to "Denis Menace" blow on it or push it

London Gooner 13:30 GMT October 19, 2007 Reply   
Dow Jones below 13760 area has 200 points without supports.
Aussie / Kiwi may be attempting to head in the wrong direction.

USA Zeus 13:26 GMT October 19, 2007 Reply   
Yes- oddly the oil futures, SP 500 futures and gold futures at the bottom of their daily ranges.The yen pairs unwind-rewind seems to be unwinding as well. LOL

USA Zeus 13:16 GMT October 19, 2007 Reply   
Here's some counter contra food for thought...

The trend is your friend- unless it is about to end.

Smiles!

PAR 13:15 GMT October 19, 2007 Reply   
New ECB treaty undermines ECB independence. Finally some political controls on those SIV bankers .

USA Zeus 13:13 GMT October 19, 2007 Reply   
FW CS 13:06 GMT October 19, 2007

Thx CS. We never know for sure but I had the signal to liquidate all core long GBP/USD and EUR/USD just recently from entries some severel 10's of figures ago. Think we are in for a process here to setup a grand supercycle Zeus wave reversal.

Wishing you the best of the best!


London NYAM 13:11 GMT October 19, 2007 Reply   
PAR 13:06//too late.

PAR 13:06 GMT October 19, 2007 Reply   
Ldn / But dont drink too much sake .

FW CS 13:06 GMT October 19, 2007 Reply   
USA Zeus 12:54 GMT October 19, 2007
O might Zeus. I agree that the $ downside may be limited from here but I do not think it is THE bottom. There needs to be more of a sense of panic here kinda like the Euro at 8250. The talking heads still see the $ decline as beneficial and no sense of panic over it. Once panic for the $ weakness starts then a more meanigful bottom can be found. Also I thin the US administration needs to express disdain over the $ decline which they have not.

London NYAM 12:56 GMT October 19, 2007 Reply   
Trader's tip: When trading the Yen, always try and eat sushi for lunch.

GENEVA DS 12:56 GMT October 19, 2007 Reply   
Very interesting to watch with all the talk of carry unwinding, AUSSIE just at all time highs again... very tough to read into the market, but it looks that people are starting to unwind the anti-carry trades yet again... I will have to as well, short CHFJPY.... hmm... USD tough looks more awful than ever against GBP-AUD-EUR-CAD... I am buying now some GBP into this 2.0500 break and will leave yet another stop at 2.0425... who RISKS NOTHING, will win NOTHING.. i have learned at one stage.... good luck to all

Melbourne DC 12:55 GMT October 19, 2007 Reply   
St. Annaland Bob 12:45 GMT October 19, 2007
Just kidding :)) thoughit's really time for me to close shop .. all the best and have a good weekend . David.

USA Zeus 12:54 GMT October 19, 2007 Reply   
LOL- Well here we are at the top of the range and they are here talking about the 5% vs 95% trend/friend rule. Better yet is that the mASSes are usually always right- at the exact wrong time.

Ok- This will get fun from here.


Happy Day!

Melbourne DC 12:52 GMT October 19, 2007 Reply   
St. Annaland Bob 12:45 GMT October 19, 2007
ok ... when it looks funny but dunno why ... one of us need to call it a week ... and its probably me :))

PAR 12:46 GMT October 19, 2007 Reply   
USDJPY supported by BOJ intervention .

St. Annaland Bob 12:45 GMT October 19, 2007 Reply   
Melbourne DC 12:39 GMT October 19, 2007

""He taught me housekeeping; when I divorce I keep the house. "" -- Zsa Zsa Gabor

Melbourne DC 12:39 GMT October 19, 2007 Reply   
Toronto BT 12:33 GMT October 19, 2007
The Trend won't be muchof a friend if she is everyone's friend.

The Netherlands Purk 12:39 GMT October 19, 2007 Reply   
If e/u can step over the 143 line we are in for 14350 ish.

Just an old fashioned Friday.

london phil 12:39 GMT October 19, 2007 Reply   
Anyone ever hear of the phrase "the trend is your friend?"

5 percent of traders have and 95 percent of traders havent

Toronto BT 12:33 GMT October 19, 2007 Reply   
I have never seen so many calls to buy usd/cad, starting at 1.15 and then all the way down, now at .9660. Anyone ever hear of the phrase "the trend is your friend?"

tokyo ginko 12:17 GMT October 19, 2007 Reply   
buy usd/cad 0.9660 - s/l 0.9630 for medium term position. GT all

jkt rick 12:10 GMT October 19, 2007 Reply   
Bris 11:32 GMT October 19, 2007

g'day mate, euro is ripening.

PAR 12:08 GMT October 19, 2007 Reply   
Sarkozy s timing is perfect nobody pays attention to the French strikes , all attention is directed to poor Cecilia s divorce who probably thinks the French presidency is not bringing in enough money and with EUR at these levels prefers to live in... the USA .

Gen dk 12:06 GMT October 19, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

The Netherlands Purk 12:03 GMT October 19, 2007 Reply   
I always use rubber BOB.

I am long USD dollar AGAINST the Canadian dollar, trust that clears it. I was born a clog and clogs are stubborn.

GVI john 12:01 GMT October 19, 2007 Reply   
FAR BETTER.. use the universal OFFICIAL SWIFT codes for currencies rather than some abbreviation you make up:

Global-View List of Official SWIFT codes .

This link is on the Learning page for Furure reference.

Thanks

Mumbai NS 11:57 GMT October 19, 2007 Reply   
shanghai bc......Tx a lot for the reply sir........gl gt

St. Annaland Bob 11:57 GMT October 19, 2007 Reply   

PURK, trade safe enough to ensure that DICK will not milkshake you!

GVI Jay 11:53 GMT October 19, 2007 Reply   
NYAM, that is fine as long as it is clear although using $ rather than U is even clearer what you are buying or selling.

London NYAM 11:51 GMT October 19, 2007 Reply   
Jay can I assume that using the shorthand U/J, G/J, U/C etc are ok?

London NYAM 11:48 GMT October 19, 2007 Reply   
I took the short U/J off here at 115.53 +17P. I think we see over 115.72 and then an attack on 116.00 which i suspect will fail. If 116.16 breaks then I,m wrong. Hey if 115.35 breaks im also wrong and won't be making any money.
(Apologies if I was being vague Jay.)

GVI Jay 11:45 GMT October 19, 2007 Reply   
Further to my 11:43 GMT post-

Does this mean you are long usd/cad or long C$ (short usd/cad)? Please be clear and talk in market convention as opposed to chatroom convention, Market convention would be long loonie = short usd/cad but assume you mean the opposite.

The Netherlands Purk 11:32 GMT October 19, 2007
Added a loonie long into the collection.
NN might be sleeping...

The Netherlands Purk 11:45 GMT October 19, 2007 Reply   
Short loonie till i drop thingy in full mode, or long usd/cad or short cad or long usd against cad or playing with the buy button...

The Netherlands Purk 11:44 GMT October 19, 2007 Reply   
Tell ya what: i think that we might see some stuff at 9644 9622 and 9611. But still i think if Oily boily will leave his positions than it will do the kaboom thing, and if he does not, we will have the ka DOOM thing, and we will eat hay for the rest of the month and sh big things...

GVI Jay 11:43 GMT October 19, 2007 Reply   
We have a suggestion so posts are not misleading:

Either talk in terms of dollar or currency but don't confuse the two/. If you are long the loonie, for example, it means you are short usd/cad. if you are short yen, it means you are long usd/yen.

Please take the time to be clear.

The Netherlands Purk 11:41 GMT October 19, 2007 Reply   
PLOL

London NYAM 11:40 GMT October 19, 2007 Reply   
Nope Captain Purk, I have no problem with that strategy, in the right hands.
FWIW alot of cluster support between .9620 and .9640. One at .9605 and then a cluster between .9540-60
Took one on just for fun at .9666 but that was probably rash (or a rash).

The Netherlands Purk 11:35 GMT October 19, 2007 Reply   
London NYAM 11:31 GMT October 19, 2007

Yes, but you wont like it, it is the add till i drop thing....

The Netherlands Purk 11:32 GMT October 19, 2007 Reply   
Added a loonie long into the collection.
NN might be sleeping...

Bris 11:32 GMT October 19, 2007 Reply   
jkt rick 11:29 GMT
eur/$ 1.429 - eur crash

rick, If you speak english : say more...........

London NYAM 11:31 GMT October 19, 2007 Reply   
Purk//Got a plan Captain?

Auckland trotter 11:29 GMT October 19, 2007 Reply   
Lahore FM 11:11 GMT October 19, 2007
Been back to basics and redefining my trading with some calculators on a spreadsheet. Learnt a lot in the process. Still working on a few aspects.

It is always good to regularly review your approach to trading and how it applies to various market conditions.

Glgt

jkt rick 11:29 GMT October 19, 2007 Reply   
eur/$ 1.429 - eur crash.

GVI john 11:29 GMT October 19, 2007 Reply   
Updated Daily Chart Points...
GVI Technical Chart Points. Or look under "Tools" in red navigation bar on top for "Chart Points".


Updated Daily Forex Charts...
EUR/USD USD/JPY USD/CHF GBP/USD EUR/GBP EUR/JPY
EUR/CHF AUD/USD GBP/JPY GBP/CHF USD/CAD CHF/JPY

NZD/USD

Access accurate and free GVI



Updated twice daily. Access GVI free

Chart Points and Moving Averages

Charts: Updated Bourses..
JPY-Nikkei AUD-ASX/S&P-200 Shanghai Comp/Hang Seng
FTSE/DAX CHF-SMI CAD-TSE USD-DJIA -NASDAQ -S&P

GVI Calendar of selected key economic data, central bank meetings, etc....

Sofia Kaprikorn 11:25 GMT October 19, 2007 Reply   
seems today no major news - it always means trend continuation and carry re-wind..

Maribor 11:21 GMT October 19, 2007 Reply   
As EUR and others are forecasted to rise further against USD, I see them rise maybe only to trigger some stops or archive some technical levels, but my indication is that for at least 14 days there is sell on rally's going on and for me it means trend will turn down. No such activity was seen from (at least) jan.07 till end of sep.07 - then buy on dips prevailed.

St. Annaland Bob 11:18 GMT October 19, 2007 Reply   
shanghai bc 11:11 GMT October 19, 2007

very lucky GWB...he had no time to go towards his Nobel prize for literature if you was his Chinese counterpart ... thanks for the pearl , Sir!

London NYAM 11:17 GMT October 19, 2007 Reply   
apologies limit buy USDCAD at .9641

London NYAM 11:16 GMT October 19, 2007 Reply   
limit buy on cad at .9741

madrid mm 11:16 GMT October 19, 2007 Reply   
maybe as usual, it is not really wat the G7 is going to say, but more like what it is NOT going to say !! 8-)

Melbourne DC 11:12 GMT October 19, 2007 Reply   
shanghai bc 10:48 GMT October 19, 2007
thanks for the reply.
Was asking that re g7 then b'cos wondering if there wouldbe buy the fact re yencrosses (event risk past; political pressure not eventuate or ineffectual) .
thx again, and have a wonderful weekend.

shanghai bc 11:11 GMT October 19, 2007 Reply   
St. Annaland Bob 10:56 GMT October 19, 2007

I am worse than useless as a daytrader or even as a short-term trader..The best chances to buy Eur/usd were in early September and two weeks ago recently..And we are approaching medium-term overbought level above 1.45 :)..Good trades..

Lahore FM 11:11 GMT October 19, 2007 Reply   
Auckland trotter 11:01 GMT October 19, 2007
trotter,all well i hope!long time no see.gtgl!

Auckland trotter 11:01 GMT October 19, 2007 Reply   
shanghai bc 10:34 GMT October 19, 2007
“Expecting to see Eur/usd 1.45-1.50 region before a medium-term correction starts.”

50% fib extension on the 1day 1year chart 1.4784.

I have general pressure on the EUR/USD as up for now – depending on what time scale you are looking at.

The Netherlands Purk 10:57 GMT October 19, 2007 Reply   
Range e/u 14318-14266 makes err 52. So range not ended yet. estimated high can be 14356 or low somewhere around 14228. Below 142 gets 14177.

St. Annaland Bob 10:56 GMT October 19, 2007 Reply   
shanghai bc 10:34 GMT October 19, 2007

if that post was not from you then I would keep on selling...but the post is well from you...Sir, here within a public web site, may you please mention a EUR/USD to long level that will represent a gift from the FX gods until that medium term correction will start?...your gift from god GOLD level arranged many faces and pockets to smile.

Como Perrie 10:49 GMT October 19, 2007 Reply   
watching some larger term this eurjpy.. apparently sub 164 there are lotsa minor carry trade stops

shanghai bc 10:48 GMT October 19, 2007 Reply   
Melbourne DC 04:36 GMT October 19, 2007

Good evening..Not expecting anything of value from G-7..China would carry on its own Rmb business with or without G-7 statement..Same for Japan's Yen business..Perhapse they should talk about how to end Dollar-hegemon first to redress the whole imbalance ..The politicians,being amateurs on the issue, get the causasion issue all wrong..

On Aussie, expecting it to keep rising as long as BHP keeps rising:)..Good trades..

GENEVA DS 10:45 GMT October 19, 2007 Reply   
may be we should start buying EUR/FFR at actual rates... very cheap.... I do agree with USDFFR at 20.00 ....

USA Zeus 10:39 GMT October 19, 2007 Reply   
Lots of typical Friday political horse pucky here- even from those who complain about politicos seem to be getting in on the action. Hence, it must be a great day to go against the grain.

Happy Day!

London NYAM 10:35 GMT October 19, 2007 Reply   
second order got filled short u/j 115.67. Moon I guess this is what I was blah blahing about last night.

shanghai bc 10:34 GMT October 19, 2007 Reply   
Mumbai NS 05:04 GMT October 19, 2007

Good evening..Usd is not oversold on medium-term basis yet..Usd is not finding its support before G-7 and this is not a good sign for Usd for the next few weeks..Expecting to see Eur/usd 1.45-1.50 region before a medium-term correction starts..Good trades..

St. Annaland Bob 10:32 GMT October 19, 2007 Reply   
the divorce case of PM Sarkozy goes so smooth, that it may cause PM Sarkozy to arrange divorce between EUR and France in case he will get the feeling it will also so smooth...then, USD/FFR @ 20...happy and safe trades!

GENEVA DS 10:26 GMT October 19, 2007 Reply   
PAR.... this is unbelievable your humour and really I like this about this promotional roadshow... as I think as well, that Paulson and the GS,s love cheap jpy and as well Japanese are not at all interested in higher jpy or higher interest rates. Only Sarkozy is really interested in lower EURO... but now as well , he has other problems as he has to go to the lawyer to sort out his divorce.... hmm... gl

London NYAM 10:20 GMT October 19, 2007 Reply   
London NYAM 07:11 GMT October 19, 2007
London NYAM 19:27 GMT October 18, 2007
Limit order sold u/j at 115.82 while on the way home. target is 115.05 werupon i will start going long in the 11480s. stop 116.31

limits getting hit while i sleep first short uj for +77 n ow long from 114.89. better to trade from bed.

Out of long at 115.53 and reversed to short +64
other limits to sell at 115.67/72/98 stops above 116.15

Auckland trotter 10:16 GMT October 19, 2007 Reply   
slv sam 08:03 GMT October 19, 2007
Too add to my previous comments -

Fibs on the 30 min 5 day chart:
23.6 1.4277
38.2 1.4251

14.6 extension 1.4344

Weekly I8 pivot 1.4345

The price still needs to break the fib fan line on the 30 min 5 day chart and the SMA (96) on the 5 min 12 hr chart 1.4291

PAR 10:02 GMT October 19, 2007 Reply   
Japanese finance minister stopped yen rally by talking about raising taxes . Still think Paulson and his japanese counterpart will turn G7 meeting in a promotional roadshow for the carry trades as was last G7 meeting .

London NYAM 09:57 GMT October 19, 2007 Reply   
G/U is heading over 2.0540-55

Como Perrie 09:55 GMT October 19, 2007 Reply   
BOJ's muto provided the next yen strenghting move this early morn, while reaffirming the policy of gradual rate hikes.

Yen now corrected some so far even if there are several carry trade pairs under attack.

London NYAM 09:43 GMT October 19, 2007 Reply   
Today's FT is a classic. Buy it and keep it in a drawer.
http://www.ft.com/cms/s/0/e6699fd0-7d98-11dc-9f47-0000779fd2ac.html

http://www.ft.com/shortview

great vid from Mr Authors although i wish my lovely Gillian presented it....*sigh*

London NYAM 09:36 GMT October 19, 2007 Reply   
Purk E/G is a sell. closed out m,y longs from .6948 at .6978 +30. Still correcting the little crazy one. Id sell it from .6984 but cant really be bothered.

Hong Kong Ahe 09:35 GMT October 19, 2007 Reply   
PAR 09:16 GMT - How one can feel EUR is too strong to tolerate till they are in suffering the "Coffee Index" making Melita Coffee a great drop of sale. Where people is out-sourcing the Indonesian brands to replace it. ;o)

PAR 09:26 GMT October 19, 2007 Reply   
Sine nowadays the Fed is action preemptively we will never again get such nice buying opportunities as in 1987 . At that time there was a free market and Greenspan acted after the crash while now the Fed act if stocks go down more than 5 % .

London NYAM 09:25 GMT October 19, 2007 Reply   
THE u/j still needs arest and the move from the low at 114.83 to 115.35 ranks as a high candidate for an impulsion wave, the move since then ranks high as a3 wave correction (which may or may not be done. So odds are high that we get another impulsive move towards 115.60-70. We should not see below the .618 retrace for that target at @115.00.

Maribor 09:21 GMT October 19, 2007 Reply   
Alaska...

You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time.

Abraham Lincoln

Auckland trotter 09:18 GMT October 19, 2007 Reply   
slv sam 08:03 GMT October 19, 2007
I have buy for the EUR/USD for now, as long as the price stays above the daily pivot of 1.4266.

For example :-

I have short set RSI’s on the 5,15, and 30 min charts coming up from oversold. My indicators in the 30 min chart and longer time frames say buy.

Daily pivots:

Pivot 1.4266
I5 1.4283
M3 1.4301
I6 1.4319
R1 1.4336

When the price moves above the SMA (96) on the 5 min chart then I will be happier with more up for the pair as other indicators on my shorter term charts give indications of down. Could mean that the price could range for awhile, so possible short up trades for quick profit in the process.

We shall see.

PAR 09:16 GMT October 19, 2007 Reply   
Due to too strong EUR italian trade balance falls into deficit .

PAR 08:35 GMT October 19, 2007 Reply   
G7 . Only China and Europe seem to agree that the Euro is overvalued .

Lahore FM 08:35 GMT October 19, 2007 Reply   
UK 3rd quarter gdp rises 0.8 percent,seventh q/q rise.annual gdp 3.3 percent,highest rise since Q2 2004.

The Netherlands Purk 08:31 GMT October 19, 2007 Reply   
Interesting now to see what will happen. If the swissy will stay above 1.17 yen above 115, will e/u go dwon, AND bugger up?
Watching the e/g closely as well. hmmm
Loonie is ready to expand the range now. Enjoy watching.

Geneva 08:16 GMT October 19, 2007 Reply   
Just frgot to mention strike 7.75

London NYAM 08:13 GMT October 19, 2007 Reply   
madrid mm 08:09//lol
i guess i would imagine given econ/pol/soc issues floating around it would be an op for a lame duck pres to launch an attack. of course it will need a set up of some sort, so keep your eyes out for some smokin' rabitt comming out of a hat.
dollar would be saved from doom.

Alaska Moon 08:13 GMT October 19, 2007 Reply   
madrid mm 08:09 GMT October 19, 2007
=======
I quote....."You can please some of the people some of the time, but you can't please all of the people all the time"
Moon

Geneva 08:10 GMT October 19, 2007 Reply   
Buy Put USD/HKD 1 year cost about 4'500 usd/per 1 m.
I think we can see a depeg very soon.

GENEVA DS 08:10 GMT October 19, 2007 Reply   
covering some short cable here for some mini profit and selling some CHFJPY at 98.36 for some G7 weekend hedge... SL 99.15 and target 96.50.... gl to all

madrid mm 08:09 GMT October 19, 2007 Reply   
London NYAM 08:01 GMT October 19, 2007
Easy really !

Invite them all for a nice cold beer and a friendly chat at his ranch maybe ???? And David Copperfield could make all the problems disappear ... PAR is the master with that 8-)

HK Kevin 08:06 GMT October 19, 2007 Reply   
While EUR/JPY holding below 164.70, the intraday correction of EUR may test 1.4245 support during NY time.

slv sam 08:03 GMT October 19, 2007 Reply   
imo eur/usd should see 4310 again if not new high TODAY!GT

London NYAM 08:01 GMT October 19, 2007 Reply   
Russia is mad at the US becuase of Missile Defence against Iran, China is mad at the US because of the Dalai Lama, wow, tough break. If i were a US president i might think US pwer was being challenged....what would GW do?

melbourne DC 07:51 GMT October 19, 2007 Reply   
wow .. that 10mil eurusd short guy is up by 15,000. ..

Toronto MRC 07:51 GMT October 19, 2007 Reply   
PAR 07:29 GMT October 19, 2007

lol

austin mw 07:35 GMT October 19, 2007 Reply   
Delhi JJ 07:24 GMT October 19, 2007

say what? haven't seen anything on the wires

madrid mm 07:34 GMT October 19, 2007 Reply   
fwiw , ref previous PAR reference -

LAS VEGAS — The Las Vegas branch of the FBI says that agents are investigating the warehouse of magician David Copperfield. FBI Special Agent David Staretz ....

http://www.foxnews.com/story/0,2933,303427,00.html

Hong Kong Ahe 07:30 GMT October 19, 2007 Reply   
PAR 07:29 GMT LOLROTF.

PAR 07:29 GMT October 19, 2007 Reply   
Bad day for inflation figthers now that David Copperfield is under FBI investigation after $ 2 million in cash were found in his warehouse . Probably performance fee paid by the Japanese to make inflation disappear . Lol.

Hong Kong Ahe 07:24 GMT October 19, 2007 Reply   
Carrytraders have thrown a no-vote to G7 meeting that it was a social gathering of the members. They will march on their winding (Commodity currency and gold not dropping but rather rising a bit in the Asian session). GLGT.

Delhi JJ 07:24 GMT October 19, 2007 Reply   
CIA and Pakistani forces just got Osama Bin Laden live under arrest

Gen dk 07:23 GMT October 19, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

London NYAM 07:11 GMT October 19, 2007 Reply   
London NYAM 19:27 GMT October 18, 2007
Limit order sold u/j at 115.82 while on the way home. target is 115.05 werupon i will start going long in the 11480s. stop 116.31

limits getting hit while i sleep first short uj for +77 n ow long from 114.89. better to trade from bed.

The Netherlands Purk 07:05 GMT October 19, 2007 Reply   
Mumbai NS 06:28 GMT October 19, 2007

Never mind GUPTA NS, he is still looking for his identity, he lost it somewhere at the waterfall...

I see that Zeus the chartreader is here again. Lets see if he is right today. Loonie might leads todays dance...

HK [email protected] 06:54 GMT October 19, 2007 Reply   
If Kampo sell shares and buy Japan bonds, he just wants to join the strong yen camp. Shares will drop on strong yen, and bonds will keep their value more or less.
I mentioned my expectation for yen around 112.40/50 B4. May this time it will work.

ldn jp 06:43 GMT October 19, 2007 Reply   
USA Zeus 06:21 GMT October 19, 2007

gbp/usd being very resilient even with gbp/jpy dump. Seems usd/jpy dump is holding it back - can you see this changing? Interested as I am also currently short gbp/usd but am seeing it hanging on up here very strongly.

Mumbai NS 06:28 GMT October 19, 2007 Reply   
Chennai Gupta 06:06 GMT October 19, 2007
Mate seeing some fetish with milk shake what is it mate pretty confused gud luck gud day gl gt

USA Zeus 06:27 GMT October 19, 2007 Reply   
Got quiet here so suddenly fast. Well was mentioning a coupla days back or so about the possibility of carry liquidations in paper (equities) and hard assets i.e. gold and oil in favor of the USD. Let's see...

back later
cheers!

USA Zeus 06:21 GMT October 19, 2007 Reply   
If these carries continue to liquidate watch out for the speculative dumps in EUR, GBP, oil and gold.

tchau

USA Zeus 06:20 GMT October 19, 2007 Reply   
new brighton gvm 06:04 GMT October 19, 2007

To further explain- the idea is to identify potential zones where bigger picture reversals are likely. Knowing that, the idea is to have a full allocation and a high price so average into the allocation vs "pick and pray" single price levels for the trade. Once fully allocated into the position- THEN set the stops based on the entry target zone etc.

positively,
Zeus

USA Zeus 06:12 GMT October 19, 2007 Reply   
new brighton gvm 06:04 GMT October 19, 2007
One thing at a time. Still would need that limit filled before chirping the stop. Remember as have mentioned here several times- this is not chasing a position. Once fully allocated then I consider the allocation for the trade made and stops will be a ways distant from here.
cheers

Chennai Gupta 06:06 GMT October 19, 2007 Reply   
The Netherlands Purk 05:43 GMT October 19, 2007
Been at the milkshake thing again Purky?..lol

USA Zeus 06:06 GMT October 19, 2007 Reply   
Front month contracts: crude 87.97, gold 774.00

Geneva 06:05 GMT October 19, 2007 Reply   
madrid mm 06:02 GMT October 19, 2007

He bought it few months ago, around 2.10, be care full!

melbourne DC 06:04 GMT October 19, 2007 Reply   
eurusd n oil ..
lots may have been playing pre-g7 1.4150-4250 range with break causing lots of short (squeeze) ..
psychological problem of trading only fx/mjr ... difficult to buy at high (ie 1.43) if missed having long at the range bottom ... so itch to trade will tempt short (and get squeeze, maybe) . saw someone short 10mil last nite .. wuold be down 30k usd now !!! but then , likely to deeper pocket n stronger constitution than me:))
oil ... coming into q4 .. saw many analysts on bloomberg that q4 is seasonally oil down . i guess they getting squeeze also.

Taking thechance to acknowlegde those who have been stout in their eurusd long rec when price near 1.4150 (ie risk of break down) ... Shanghai BC of GVI, Hans of BNPP , David Solin of FXA . and SSI of censored !!
nb. 3 of the 4 calling for 1.45.

new brighton gvm 06:04 GMT October 19, 2007 Reply   
USA Zeus 13:16 GMT October 18, 2007
Was able to get confirms on EUR/USD shorts adding 1.4277, 1.4308 leaving 1.4333
--------------------------------------------------
so you were previously leaving at 1.4333 but now your final short add is 1.4377 ? ... so where is the stop now?

madrid mm 06:02 GMT October 19, 2007 Reply   
* Billionaire investor Warren Buffett, in Fox Business Network, said he has been buying the Brazilian real currency.

Good old Warren. He reminds me the old saying, "You can not teach an old dog new tricks " ...... or something like that 8-)

madrid mm 06:00 GMT October 19, 2007 Reply   
* EU's Joaquim Almunia, in Reuters interview, says JPY FX do not fit fundamentals due to JPY carry trades. Excessive FX volatility is undesirable. Says recent IMF estimates that USD is overvalued and EUR in line with fundamentals should be taken with "extreme prudence" due to different estimates of fair value of FX. Euro's strength helps with USD denominated commodities prices, but hurt exporters. Carry trades are not 1-way bet.

* USD INDEX hit all time lows of 77.459, EUR near all time peak 1.4311 USD/JPY broke 115 to 2-wk lows 114.96.

* Focus on G7 today, US stocks on 20th Anniversary of the October 19 1987 "Black Monday".

* BoJ Gov Toshihiko Fukui says market turbulence has somewhat settled down, but problem not over yet. Uncertainty over US economy remains. FX should reflect fundamentals.

* MoF Fukushiro Nukaga says it is natural G7 will discuss FX.

* Japan Econs Min Hiroko Ota says eventual rise in taxes in inevitable in light of Japan's ageing society.

* German Chancellor Angela Merkel says EU leaders had reached agreement on EU reform treaty. Portugese PM Jose Socrates says treaty would be signed on Dec 13.

* St Fed William Poole says recent US house market cycle differed from past as it driven in large part by growth in subprime market,.

* Billionaire investor Warren Buffett, in Fox Business Network, said he has been buying the Brazilian real currency.

* Nervous markets today, the 20th Anniversary of Black Monday Oct 19 1987 crash which saw Dow crashing 22.6% from 2246 to 1739 (vs Thurs 13,888 in Dow, about 8 times of 1739) and also start of G7 meet, with JPY carry trades unwinding on Nikkei, stock losses, and any surprises on the PBoC CNY front, on Friday ahead of G7 meet.

* Markets "wasted" no time in selling Cross/JPY, large lot USD/JPY selling noted, and huge NZD/JPY, AUD/JPY, USD/JPY into fixing of 115.38, after Japanese mega-city banks bought it from 115.17 to 115.31, only to see NZD/JPY diving from 86.20-30 to 3-wk lows 85.66, NZD from 0.75 to 0.7443, USD/JPY to 115.05 lows, on JPY carry trades unwind, talks pair of Japan custodian, sec houses selling again.

* USD/JPY extends losses to 2-wk lows of 114.92 given as Nikkei exten losses. It broke 115 earlier to 114.96 on stops after 115 held on talks of good Kampo and options related bids at 115.00-10 supporting earlier, but each rallies conntinued to be sold, with offers now at 115.30-50.

East Europeans, Russian sold GBP/JPY, pushing it from 235.80-90 to hit 2-week lows of 235.25-35, while GBP supported on back of weaker USD. EUR rose to high of 1.4309 on model, funds buying, just 2 pips from all time highs 1.4311 seen yest, but cautious of any more G7, FX talks.

USD INDEX hit new lows 77.459, on broad based USD losses, Big moves in NZD, AUD, after waves of Japanese selling in NZD/USD. NZD/JPY, AUD, AUD/JPY sales, AUD supported as funds, models bought AUD/NZD from 1.19 to 6-week highs 1.1960, sold NZD/CHF.

Nikkei -2.13%,364pts at 16.741.37. JGBs firmer on Nikkei losses, 10-yr yield -0.035% at 1.600%.

Crude oil off $90.02 all time highs, still firm at $89.52.

Gold hit fresh 28-yr highs of $769.80, key $780 level.

USA Zeus 06:00 GMT October 19, 2007 Reply   
Soon they'll be here cheering so loud for a weaker USD that they'll have a rude awakening as embarrassing as an onstage "costume failure".

HK [email protected] 05:59 GMT October 19, 2007 Reply   
USA Zeus 05:54 GMT October 19, 2007

Are you withdrawing cash from Bernake's FED emergency funds, that you keep on fighting the trend?

I suggested this morning, that if you want you may still sell Euro at 1.4340/50

Hong Kong YH 05:58 GMT October 19, 2007 Reply   
USA Zeus 05:54 GMT October 19, 2007

Seem you are so rich. Still shorting EUR? Found that you started to short @ 1.428. How many lot did you add actually? I think the only drop for EUR drops is carry trade unwind.

madrid mm 05:57 GMT October 19, 2007 Reply   
The Netherlands Purk 05:43 GMT October 19, 2007

Hello SENOR PURK !!! Welcome to the pleasure dome again 8-)

It looks like and interesting friday coming up, i lost on DNT box option by 3 pips on usd/yen , price was set at 114.91, low so far 114.88....8-)

tokyo ginko 05:57 GMT October 19, 2007 Reply   
sold eur 1.4315, s-l 1.4360 for medium term ride.. GT all

HK [email protected] 05:54 GMT October 19, 2007 Reply   
Syd .. 04:19 GMT October 19, 2007

No!!! I am still building my funds to invest in Brazil.

USA Zeus 05:54 GMT October 19, 2007 Reply   
Added EUR/USD 1.4317 ahead of final allocation. Moved final add on to 1.4377

The Netherlands Purk 05:51 GMT October 19, 2007 Reply   
Bugger: shorting in rallies or spikes or mountains still work. I am glad that Geneva DS volounteerd to be my contraindicator, the gains are getting bigger and bigger especially the bugger shows us its speciality: tick ticks.
Loonie: as soon as oily boily is done, loonie will flap flap, because the down days of this pair is over.
Sean Kelly not in today, he fell on the last etappe of the tour de france with his head on the bar trying to outdrink two Scottisch tourist whilst improving world record drinking bear on a stool.

PAR 05:48 GMT October 19, 2007 Reply   
Hello. Kampo selling japanese shares and buying japanese bonds in a coordinated effort to weaken the yen and to temper the deflationary impact of $ 90 crude . Fortunately Japan is a major oil producer and on top of that has hedged alll its oil imports so higher crude fuels deflation . Lol.

Geneva 05:47 GMT October 19, 2007 Reply   
The dollar under pressure, the oil at 90, the Gold at 780. How long the stock market can keep going? I think If there will not be a change, the stock market will collpase!, thats may be will turn the dollar?????!!!!!!

Any way changed are on the corner.

The Netherlands Purk 05:43 GMT October 19, 2007 Reply   
Hello MM!

madrid mm 05:40 GMT October 19, 2007 Reply   
Hello FX traders 8-)

Lahore FM 05:38 GMT October 19, 2007 Reply   
paience=patience

Lahore FM 05:38 GMT October 19, 2007 Reply   
Alaska Moon 05:30 GMT October 19, 2007
off by some 1400 kms.still a very tragic incident.
yes i could see that you were having difficulty with the hieght.you can keep tight stops to keep vertigo at bay.market looks willing to test everyone's imagination and paience both.

Sydney GE 05:33 GMT October 19, 2007 Reply   
USA Zeus 05:27 GMT October 19, 2007
any reason for this, Oz market down over 1% as well

USA Zeus 05:30 GMT October 19, 2007 Reply   
new brighton gvm 05:25 GMT October 19, 2007

The answer to that is crystal clear gvm. All you need to do is read the archives for the last day or two.

Wishing you the best of the best!

Alaska Moon 05:30 GMT October 19, 2007 Reply   
Lahore FM 05:25 GMT October 19, 2007
======
Hi, FM... I hope you were not near the bombing !!! Yes, I think I am saying.... I am running out of nerve !!! LOL
It's good to hear from you !!!
Moon

USA Zeus 05:27 GMT October 19, 2007 Reply   
New marker, SP 500 futures -11

new brighton gvm 05:25 GMT October 19, 2007 Reply   
USA Zeus 04:53 GMT October 19, 2007
Well today looks to be a fantastic day of USD strength
----------------------
r u being cynical or is this a forward looking comment ie USD strength from here on - sometimes you are pretty confusing...

USA Zeus 05:25 GMT October 19, 2007 Reply   
So now that EUR/USD has gone past the reaches of the MOON will it return to orbit or will it shoot for the stars? PLOL

Lahore FM 05:25 GMT October 19, 2007 Reply   
Alaska Moon 05:16 GMT October 19, 2007
:))) loved the candid post!

USA Zeus 05:20 GMT October 19, 2007 Reply   
As a marker, SP 500 futures are at the lows now -8.5

Alaska Moon 05:16 GMT October 19, 2007 Reply   
Well, I have had a heck of a good run on long EUR/US since last Thursday...1 week ago. I won't go into detail as I didn't post my trades. Now, I am still long with a big position, but looking at my charts...I can't find numbers like this anywhere, so I am watching very closely !!! At the first "burp" I think I will close the whole thing and watch a while.... I don't like being long
at a level like this !! LOL
GL..GT to all...
Moon

Mumbai NS 05:04 GMT October 19, 2007 Reply   
shanghai bc gud day sir .....there seems to be no stopping on euro atm and it continues to trade higher overshadowing all the recent weak data coming from euroland largely on account of front running of usd weakness do u think this trend can push it to 1.45-46 region or we can expect a correction from here with huge regards and gud day gl gt

tokyo ginko 04:55 GMT October 19, 2007 Reply   
USD and YEN strength

USA Zeus 04:53 GMT October 19, 2007 Reply   
Well today looks to be a fantastic day of USD strength.

Happy Day!

Melbourne DC 04:36 GMT October 19, 2007 Reply   
shanghai bc 04:11 GMT October 19, 2007
ni hao . any thoughts on G7 statement . would they venture beyond 'fundamentals n flexibility' for usd n rmb? seems much chatter re rmb .
curious re audusd . traders seems to look to short b4 90c now, or do u see presently downside to be limited till topping 92 is done ? thanks and appreciated as always . david.

Syd .. 04:19 GMT October 19, 2007 Reply   
HK [email protected] 03:56 so you have tried them :-))

shanghai bc 04:11 GMT October 19, 2007 Reply   
Vail MC 03:08 GMT October 19, 2007

Aussie's cycle is basically tied to the performance of commodities and commodty stocks..In the present leg,it may rise a bit more to .91-.92 region before a good correction sets in..Further down the road,expecting the Aussie parity with Usd in a few year's time..good luck..

HK [email protected] 04:11 GMT October 19, 2007 Reply   


Seems I am mono_logging around here, see you later GL/GT

HK [email protected] 04:08 GMT October 19, 2007 Reply   
Selling Euro/JPY once 164 gives way can give 100pips profit

Melbourne Qindex 04:03 GMT October 19, 2007 Reply   
AUD/JPY : It is likely that we can see 101.37 - 102.00 range before the end of this week.

Melbourne Qindex 04:02 GMT October 19, 2007 Reply   
AUD/JPY : It is likely that we can 101.37 - 102.00 range before the end of this week.

HK [email protected] 03:56 GMT October 19, 2007 Reply   
Syd .. 03:45 GMT October 19, 2007

Maybe he wants to have an alibi to spend more time in Brazil where the women are great, so the investors may suffer again. LOL


HK [email protected] 03:53 GMT October 19, 2007 Reply   
Syd .. 03:45 GMT October 19, 2007
I think he was traumatized by his losses, maybe he fired the analysts and did not find better than them.

The fact he is buying the Brazilian currency, shows he is looking for a new life in the tropics.

I dont buy any tropical currency how good will it be(is Australia considered tropical country).

Syd .. 03:45 GMT October 19, 2007 Reply   
HK [email protected] 02:54 Doesnt look as if he was holding them anyway , dont think he is a currency speculator in the same form as Soros .

Melbourne Qindex 03:18 GMT October 19, 2007 Reply   
USD/JPY : As long as the market is trading above 113.78, it can rebound easily.

Melbourne Qindex 03:14 GMT October 19, 2007 Reply   
USD/JPY : The market is going to vibrate around 115.05 with an expected magnitude of 114.41 - 115.68 for the time being.

Vail MC 03:08 GMT October 19, 2007 Reply   
BC, in your opinion will AUD continue its move higher as an alternative to USD? TIA

shanghai bc 03:04 GMT October 19, 2007 Reply   

China outsourced farming to Brazil and Latam..Brazil and Latam have been feeding China for a decade now..Brazil and Latam have been doing fine in recent years..Brazilian Real is effectively a commodity currency in a much larger scale than Aussie or Loonie..Bet on Real is same as bet on commodity bull cycle..Smart move..

HK [email protected] 02:54 GMT October 19, 2007 Reply   
Syd .. 00:46 GMT October 19, 2007
WARREN Buffett says his Berkshire Hathaway insurance and investment company has been buying the Brazilian real currency

May I ask if he was able to catch up with the present trend of Euro or Pound that he was predicting but with wrong timing!!!

HK [email protected] 02:43 GMT October 19, 2007 Reply   
Euro will print eventually 1.4340/50 to complete it's ongoing surge and things have to watched at that target for any Ret.

Melbourne Qindex 02:27 GMT October 19, 2007 Reply   
USD/JPY : The market can easily move between 114.83 - 115.26. Projected resistant points are 115.39 and 115.98. Projected supporting points are expected at 113.85 and 114.32.

Melbourne Qindex 02:01 GMT October 19, 2007 Reply   
USD/JPY : The market is going to tackle 114.52. The current expected trading ranges are 113.78 - 114.52* - 115.26.

Hong Kong Ahe 01:22 GMT October 19, 2007 Reply   
Japanese Prime name and sec house continuously selling AUDJPY.

Syd .. 00:46 GMT October 19, 2007 Reply   
WARREN Buffett says his Berkshire Hathaway insurance and investment company has been buying the Brazilian real currency.

Buffett disclosed the stake in an interview on Fox Business Network.

Buffett once had a bet of more than $US21 billion ($A23.61 billion) against the US dollar amid concern over mounting US trade and current account deficits.

He pared most of that stake. In May, at Berkshire's annual meeting in Omaha, Nebraska, he told shareholders that Berkshire was betting on one currency, and that it would “surprise” them.

Reuters

HK [email protected] 00:43 GMT October 19, 2007 Reply   
Good morning all!!!

USD/YEN: By this time chances have increased for yen to target the [112,112.50] band.

The triangle on the daily chart has likely turned null and void, and a bearish wedge formed instead, threatening a down side down to 108.75.

A break below 114 will confirm that the bearish wedge goes into action.

 




Actionable trading levels delivered LIVE to YOUR charts

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

Mon 27 May 2019
AAGB/US- Holiday
Tue 28 May 2019
A 14:00 US- Consumer Confidence
C 13:00 US- Case-Shiller
Wed 29 May 2019
A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
AAEZ/CH- Holiday
A 12:30 US- Weekly Jobless
Fri 31 Mar 2019
AA 10:00 EZ- Flash HICP
A 12:30 US- Personal Income, Spending, Deflator
AA 14:00 US- Final Univ of Michigan


Global-View Affiliate Program

We are starting an affiliate program to market some of our products.

Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.

Put the word "affiliate" in the email subject line.

Contact us

Start trading with forex broker Markets Cube




pic

Retail Forex Brokerage Changing!

Are you looking for your first broker or do you need of a new one? There are more critical things to consider than you might have thought.

We were trading long before there were online brokers. Global-View has been directly involved with the industry since its infancy. We've seen everything and are up-to-data with recent regulatory changes.

Our Best Brokers listing section includes:Forex Broker Reviews, Forex Broker Directory, Forex Broker Comparisons and advice on How to Choose a Forex Broker

If would like guidance, advice, or have any concerns at all ASK US. We are here to help you.

SEE Our Best Brokers List

Currency Trading Tools

  • Live rates, currency news, fx charts. 

  • Research reports and currency forecasts.

  • Foreign Exchange database and history.

  • Weekly economic calendar.

Directory of  Forex trading tools

 
Terms of Use    Disclaimer    Privacy Policy    Contact    Site Map


Forex Forum
Forex Trading Forum
Forex Forum + forex rates
Forex Forum Archives
Forex Forum RSS
Free Registration

Trading Forums
Currency Forum Guide
Forum Directory
Political Forum
Forex Brokers
Compare Forex Brokers
Forex Broker News
Forex Broker Hotline

Forex Trading Tools
Currency Trading Tools
Forex Database
FX Chart Points
Risk/Carry Trade Chart Points
Economic Calendar
Quicklinks to Economic Data
Currency Futures Swaps
Fibonacci Calculator
Currency Futures Calculator

Forex Education
Forex Learning Center
FX Trading Basics Course
Forex Trading Course
Forex Trading Handbook

Forex Analysis
Forex Forecasts
Interest Rate Forecasts
Central Bank Forecasts

FX Charts and Quotes
Live FX Rates
Live Global Market Quotes
Live Forex Charts
US Dollar Index Chart
Global Chart Gallery
Daily Market Tracker
Forex News
Forex Blog
Forex News
Forex Blog Archives
Forex News RSS
Forex Services
The Amazing Trader
Forex Opportunities
Forex Affiliates
Forex CopyTrading
GVI Forex