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Forex Forum Archive for 12/28/2007

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Sofia Kaprikorn 21:45 GMT December 28, 2007 Reply   
AHE - I saw it coming but didn't act..
the USDJPY on Daily just wanted to go and test the 20 DMA...

btw - this massive unwinding inGBPJPY must be the repatriation you mentioned a few days ago?

Gen dk 20:44 GMT December 28, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Tallinn viies 19:23 GMT December 28, 2007 Reply   
USA Zeus 15:19 GMT - this news just may show to you how much money needed to move eurusd from 1,3540 (june close) to 1,4265 (september close). This move was ca 700 points and euro gained share by 1.2%. One thing is sure that real money guys were behind the move who do what they need to do. Now we are another 500 points higher from september levels and for me would be intresting to see how much money was behind that move?

madrid mm 18:49 GMT December 28, 2007 Reply   
mark my words

LOL

If not , no more jamon, tapas and chorizo for madrid mm for 1 week in january

8-)

madrid mm 18:48 GMT December 28, 2007 Reply   

Gold @ 855 by the end of the 31st dec 2007 ...

8-)

madrid mm 18:44 GMT December 28, 2007 Reply   
I know whare all this "cheap" money went ....8-)

LONDON (MarketWatch) -- Germany, once known as the sick man of Europe, has made a solid recovery, strategists and economists say.
The German stock market outperformed other European equity markets by a long way in 2007, with the DAX 30 index (DX:1876534: news, chart, profile) up 22% on the year.
That compares with a 4% rise for Britain's FTSE 100 index (UK:UKX: news, chart, profile) and a gain of 1% for the French CAC-40 index (FR:1804546: news, chart, profile) . Also by way of comparison, Japan's benchmark Nikkei Stock Average posted a year-to-date-loss to 11%, marking its first annual decline in five years

HK Kevin 18:34 GMT December 28, 2007 Reply   
PAR 18:13 GMT, PPT is drunk

Kinshasa R. Kabila 18:19 GMT December 28, 2007 Reply   
Amman wfakhoury 17:44 GMT December 28, 2007
The Netherlands Purk 17:24 GMT December 28, 2007
We do not need confirmation for the down movement in bugger Sir from the sand. One just looks at it and take positions.....
===
in our country we cook the Turkey under the sand...and it is very delicous.

*****************************************************

are you actually saying there are more of your kind? _ maybe time for our cooking chefs to visit you in personal

PAR 18:13 GMT December 28, 2007 Reply   
Looks like PPT not drinking and skating in park but following markets closely and carefully and taking appropriate actions . Lol.

USA Skeptic 17:59 GMT December 28, 2007 Reply   
nice to see so many unibased commentators on this forum

HK [email protected] 17:54 GMT December 28, 2007 Reply   
USA Zeus 17:12 GMT December 28, 2007
Sense that the world's primary reserve currency is poised for a rally soon.
----------------------------------------------------------- Yes if you are a short term viewer, but the daily points to a situation your beloved USD might gap and sucked into a Dark-Black -Hole.
-----------------------------------------------------------
Being a nationalist is not too bad, But you have a little bit an excess of it. You need something to balance your views.
------------------------------------------------------------
I dont like too much of nationlism, because it is a root leading to fascism. Luckily most of the extreme nationalists are or stupid or crooks, thus they are not posing too much danger to the human civilization.


Amman wfakhoury 17:44 GMT December 28, 2007 Reply   
The Netherlands Purk 17:24 GMT December 28, 2007
We do not need confirmation for the down movement in bugger Sir from the sand. One just looks at it and take positions.....
===
in our country we cook the Turkey under the sand...and it is very delicous.

Amman wfakhoury 17:38 GMT December 28, 2007 Reply   
Aqaba Mustafa 17:29 GMT December 28, 2007
====
then dont tell anyone about this trade...otherwise they may laugh at you

The Netherlands Purk 17:34 GMT December 28, 2007 Reply   
OK thanks Doc! I am sure many have taken your advice today and shorted the ej from 16618-16640ish. And i am sure that they bought their turkeys back.

Hong Kong Qindex 17:31 GMT December 28, 2007 Reply   
The Netherlands Purk 17:23 GMT - Within the remaining period of this year.

Aqaba Mustafa 17:29 GMT December 28, 2007 Reply   
Amman wfakhoury 17:24 GMT December 28, 2007
Aqaba Mustafa 17:16 GMT December 28, 2007
====
can you tell us what is the trade of agony.

------------------------------------------------------------------

any JPY trade that has anything to do with you

The Netherlands Purk 17:25 GMT December 28, 2007 Reply   
Dr. Q, i am asking you that humble question because i was hailed by the market (and Zeus) to short at 14717-20.

The Netherlands Purk 17:24 GMT December 28, 2007 Reply   
We do not need confirmation for the down movement in bugger Sir from the sand. One just looks at it and take positions.

Amman wfakhoury 17:24 GMT December 28, 2007 Reply   
Aqaba Mustafa 17:16 GMT December 28, 2007
====
can you tell us what is the trade of agony.

The Netherlands Purk 17:23 GMT December 28, 2007 Reply   
Hong Kong Qindex 17:21 GMT December 28, 2007
EUR/USD :

Time frame?

Amman wfakhoury 17:23 GMT December 28, 2007 Reply   
there is no confirmation for down movement in eur.jpy..should reach 166.80 till or during the coming asia session.

warsaw TOMi 17:21 GMT December 28, 2007 Reply   
thanx and all the best in new year for all yestie and todays gbpjpy shorters, goodness , we almost reached 2008 profit bonus limit target.:)
gl/gt

Hong Kong Qindex 17:21 GMT December 28, 2007 Reply   
EUR/USD : The market has potential to tackle the range at 1.4746 - 1.4766.

Aqaba Mustafa 17:16 GMT December 28, 2007 Reply   
Amman wfakhoury 16:35 GMT December 28, 2007
Aqaba Mustafa 15:35 GMT December 28, 2007

Amman wfakhoury 15:30 GMT December 28, 2007
EUR.JPY buy level confirmed and heading twd 166.80

----------------------------------------------------------------

and if goes lower?

====
use s/l or hedge at 165.85

-----------------------------------------------------------------

looks like the trade of agony

warsaw TOMi 17:16 GMT December 28, 2007 Reply   
amm, yes, taking profit from short audjpy 9922 at 9860, some change for new yaear's eve party.

USA Zeus 17:12 GMT December 28, 2007 Reply   
Sense that the world's primary reserve currency is poised for a rally soon.

The Netherlands Purk 17:11 GMT December 28, 2007 Reply   
Err, i have seen to many tops and my fingers hurt that is.
Even my 16620 is closed now.

HK Kevin 17:10 GMT December 28, 2007 Reply   
Amman wfakhoury 16:35 GMT, unwinding of carry trade start again due to lower DJI. See AUD and AUD/JPY.

USA Zeus 17:04 GMT December 28, 2007 Reply   
LA BV 16:51 GMT December 28, 2007

Don't know what you mean. Just call it like I see it- same as any other I suppose.

Went long 1.4377 (Did not post this. Only mention it now to complete the current crest view) and switched to model short 1.4718+ when triggers fire.

The Netherlands Purk 17:04 GMT December 28, 2007 Reply   
I do not think e/j will go to 16680 today. I have seen so monay tops and y fingers do hurt from pushing the sell button and taking profit every 10-15 pips.
But i accept the future is unknown, but in any case i will make my own...

LA BV 16:51 GMT December 28, 2007 Reply   
Zeus, unless you are riding the crest of the wave. Then you are enjoying the ride with little angst.

USA Zeus 16:50 GMT December 28, 2007 Reply   
Shorting EUR/USD 1.4718 and higher will please the contra momentum traders.

USA Zeus 16:48 GMT December 28, 2007 Reply   
LA BV 16:46 GMT December 28, 2007

Yes I am talking my book. But talking about momentum is like driving down the street by looking in the rear view mirror. What already happened will not determine what will happen.

Cheers!

LA BV 16:46 GMT December 28, 2007 Reply   
Zeus, keep talking your book. Meanwhile momentum is pointed the other way.

USA Zeus 16:45 GMT December 28, 2007 Reply   
USD strong dollar policy to crumble EUR/USD buyer euphoria.

Hong Kong Qindex 16:41 GMT December 28, 2007 Reply   
USD/CAD : The market is going to consolidate between 0.9763 - 0.9818 for the time being. A supporting range is expected at 0.9662 - 0.9712.

hong kong 16:40 GMT December 28, 2007 Reply   
HK [email protected] 15:40 GMT December 28, 2007

dollar to see double bottoms prior to short term bounce?

Amman wfakhoury 16:35 GMT December 28, 2007 Reply   
Aqaba Mustafa 15:35 GMT December 28, 2007

Amman wfakhoury 15:30 GMT December 28, 2007
EUR.JPY buy level confirmed and heading twd 166.80

----------------------------------------------------------------

and if goes lower?

====
use s/l or hedge at 165.85

HK Kevin 16:30 GMT December 28, 2007 Reply   
HK [email protected] 15:40 GMT, A daily close of EUR above 1.4725 will confirm your ambitious plan. On the contrary, I think today's high 1,4728 will be capped for the next 2 week or more. Next Mon will be very quiet and the surprise downmove may happen on the 1st trading days of 2008.
I just closed my long EUR from 1.4622 and short Cable from 2.0010. Entered a small short EUR/JPY at 166.35 and sit for 1-2 days.

HK [email protected] 15:40 GMT December 28, 2007 Reply   
I will not be surprised if USD may be sucked into a Black-Hole, where the laws of T.A. may not hold.

HK [email protected] 15:37 GMT December 28, 2007 Reply   
Euro: An additional computation(idependent from chart gazing) points to 1.5225-target, this needs some more patient to confirm.

NYC jr 15:37 GMT December 28, 2007 Reply   
I think also that IMF data indicates the share of reserves by value. So if the dollar share goes down and the euro share goes up, that shows (tada!) eurusd appreciated from june to sep, not that cbs are actively reducing dollar holdings.

Aqaba Mustafa 15:35 GMT December 28, 2007 Reply   

Amman wfakhoury 15:30 GMT December 28, 2007
EUR.JPY buy level confirmed and heading twd 166.80

----------------------------------------------------------------

and if goes lower?

Amman wfakhoury 15:30 GMT December 28, 2007 Reply   
EUR.JPY buy level confirmed and heading twd 166.80

Mumbai NS 15:25 GMT December 28, 2007 Reply   
The 4hrly is now not luking so interesting on euro frm a bid tone perspective but can't conclude yet of the possibility glgt

madrid mm 15:23 GMT December 28, 2007 Reply   
" The U.S. currency accounted for 63.8 percent of reserves at the end of September, down from 65 percent "

i wonder ow much is 65-63.8 = 1.2 worth in
-usd
-euro
-yen
etc
8-) censored it keeps moving all the time !!!

USA Zeus 15:21 GMT December 28, 2007 Reply   
Call it the "Ahmadinejad-Chavez effect"
LOL

madrid mm 15:20 GMT December 28, 2007 Reply   
yes, inded
LOL

HK [email protected] 15:20 GMT December 28, 2007 Reply   
Euro: One hour chart begins to suggest a target 1.5124 which is in fantastic accord with the weekly chart target of the rising wedge chart turned turtle pointing to 1.5130.
Gentlemen! This is far from being random.

USA Zeus 15:19 GMT December 28, 2007 Reply   
madrid mm 15:17 GMT December 28, 2007

A record low- From 2/3 down to 2/3 of global reserves LOL

madrid mm 15:17 GMT December 28, 2007 Reply   
Dec. 28 (Bloomberg) -- The dollar's share of global foreign-exchange reserves fell to a record low in the third quarter as demand for U.S. assets waned after the subprime- mortgage market collapsed.

The U.S. currency accounted for 63.8 percent of reserves at the end of September, down from 65 percent at the end of June, the International Monetary Fund said today in Washington. The share of euros increased to 26.4 percent, from 25.5 percent.

USA Zeus 15:16 GMT December 28, 2007 Reply   
Oil wants $100+

PAR 15:14 GMT December 28, 2007 Reply   
If average american no longer can either afford a house or a car maybe he starts buying shares . Lol. Have all a very nice weekend and holiday . See you next year .

Mumbai NS 15:09 GMT December 28, 2007 Reply   
Kapri very gud observation but i still feel g/j is a better bet even arnd here glgt

Sofia Kaprikorn 15:05 GMT December 28, 2007 Reply   
well seems German CPI was the moving factor..

HK Kevin 15:05 GMT December 28, 2007 Reply   
USD Index has almost reach the t/p of the trendline breakout. if 96 level can hold, this may tell us the weakness of USD is over.

Sofia Kaprikorn 15:04 GMT December 28, 2007 Reply   
his -EURJPY daily chart seems to develop a Hanging man candlestick after a strong 4-day advance -- which is prety bearish - and a good correction entry point for around 164.50 - (just a trading idea..)

USA Zeus 15:01 GMT December 28, 2007 Reply   
New home sales are bottoming faster than consensus. The future looks bright.

HK Kevin 14:57 GMT December 28, 2007 Reply   
Sofia Kaprikorn 14:39 GMT, there is no difference between old and new folks in the forex battle field when they are both riding on the same boat. The only difference is old guys know how to gain more and loss less.
Simply take today as an example and calculate how many pips to collect, you will know why long EUR and short GBP is better than long EUR/GBP only.

madrid mm 14:53 GMT December 28, 2007 Reply   
88-87 stuck euro/usd$

It is not moving .......... 8-) It is all frozen

LOL

madrid mm 14:40 GMT December 28, 2007 Reply   
i believe GOLD would like to finish the year on a high !!!

It is interesting about these round levels, ie 1.4700 in euro/usd$ for example.... all the forces at play...

Plus last friday of the year and i do not believe many people will be around on monday, although...

The Nikkei finished the year on a negative note, next job for KAMPO maybe , try to lift it up !!!

8-)

Sofia Kaprikorn 14:39 GMT December 28, 2007 Reply   
HK Kevin //
hi - I'm just a learning person - but looking at EUR and GBP - they seem to be a bvit out of correlation with the directional bias in EUR/GBP...

so Long eurusd and short gbpusd is actually long EURGBP which is in uptrend maybe as an arbitrage play between the stong int rate ECB policy and the BOE rate cut bias...

but of course I just wanted to share this observation - and get somefeedback from more knowledgable forum members..

Canada NN 14:36 GMT December 28, 2007 Reply   
Today, GBP is the only currency drop, testing daily record low now.

Como Perrie 14:27 GMT December 28, 2007 Reply   
mah jr to me It looks with the current coupla presidencies in US ..both parties...US now looks more like onto the verge of apparent collapse as the Roman emeperor around 3d 4th century...lotsa corruption too much economics from celebrities It was typical at those times and It is in US too.....but we hopefully to get old or die off before It happens...even if things are going faster nowadays.

NYC jr 14:18 GMT December 28, 2007 Reply   
Yes the amount of carnage if all the capital in the world is forced to try and fit back into the one parking spot will be very, very ugly.

Como Perrie 14:18 GMT December 28, 2007 Reply   
Guess more likely the usd to gain once the IIIWW starts..obviously If It does not start onto the mexican border - then It might be different...but Its clear US powerful people fighting with the Saudi ones..yet am remembering when the whole Laden family was sent from US back home in silence (some 40 members) some days after 911-- smelly in one word

HK Kevin 14:17 GMT December 28, 2007 Reply   
Hong Kong Qindex 12:55 GMT December 28, 2007
EUR/GBP : The market is going to consolidate between 0.7346 - 0.7361 - 0.7379. Supporting range is 0.7322 - 0.7328. Resistant range is 0.7408 - 0.7427.
Measured t/p of the rectangle breakout is 0.7427. Before this level is reach, not a bad idea to long EUR and hedged by short Cable

USA Zeus 14:13 GMT December 28, 2007 Reply   
USA Zeus 21:28 GMT December 27, 2007
GBP/USD 2.0000 is coming (again)


Ahhh perfection. LOL

NY Trader 14:11 GMT December 28, 2007 Reply   
Hong Kong Qindex 13:46 GMT
Thanks Dr Qindex---I'll appreciate that---

St. Annaland Bob 14:08 GMT December 28, 2007 Reply   
while global parking problems discussed in FX forum, I think the best way to avoid parking problems and tickets is by driving vehicle associated with funeral services ... think about it and happy, safe trades!

madrid mm 14:04 GMT December 28, 2007 Reply   
PAR, this was quite Expected from you !!!

LOL , 8-)


Haifa ac 14:00 GMT December 28, 2007
NYC jr 13:43 GMT December 28, 2007

Try madrid one day !!! 8-)

The Netherlands Purk 14:01 GMT December 28, 2007 Reply   
Shorted some more e/j. Will see if i take more. Being hailed stronger a few minutes ago.

Haifa ac 14:00 GMT December 28, 2007 Reply   
NYC jr 13:43 GMT December 28, 2007
... that's when the usd will re-emerge as the only open parking spot.//

Sorry, Parking in NY is IMPOSSIBLE.

PAR 13:53 GMT December 28, 2007 Reply   
Mad / Most used word by Bloomberg this year is " unexpectedly " So I think Us home sales unexpectedly will show big rise as incentives and lower prices are finally working . So Bloomberg can say " Us homesales unexpectedly rise ... Lol.

Hong Kong Qindex 13:46 GMT December 28, 2007 Reply   
NY Trader 13:41 GMT - Thank you for your kind words. EUR/NZD : I don't keep this data but it can be done.

NYC jr 13:43 GMT December 28, 2007 Reply   
PAR - in my view, the fact that the usd is not a beneficiary so far in this crisis is a feature of the decoupling scenario. If you start to get an EM meltdown or people decide asia is unsustainable, that's when the usd will re-emerge as the only open parking spot.

NY Trader 13:41 GMT December 28, 2007 Reply   
Dr Qindex,
A very happy & prosperous 2008 to you---Thanks for all those excellent calculations---I hope, you will continue the same for the benefit of our trader community next yr also----
May I have your view on Eur/Nzd for next few wks (I mean levels to watch out for)---
TIA,

madrid mm 13:39 GMT December 28, 2007 Reply   
10:00 ET

A report today will probably show sales of new homes in the U.S. fell in November to an annual pace of 717,000 from 728,000 in October, economists forecast in a Bloomberg News survey.

PAR 13:34 GMT December 28, 2007 Reply   
CNBC seems to forget that the Us dollar and as a consequence Us treasuries have lost their safe haven status this year .

Hong Kong Qindex 13:30 GMT December 28, 2007 Reply   
EUR/JPY : As shown in the monthly cycle projected series the mid-point reference between two projected chart points, 164.98* and 168.05* is 166.51.

PAR 13:26 GMT December 28, 2007 Reply   
Again Kampo very succesfull in defending USDJPY, probably with a little help from a Us investment bank not too much affected by subprime problems .

Como Perrie 13:18 GMT December 28, 2007 Reply   
It was the 1989

see last lines here too about the Terror Management Theory
http://www.washingtonpost.com/wp-dyn/content/article/2007/12/23/AR2007122301586_pf.html

Como Perrie 13:17 GMT December 28, 2007 Reply   
Just heard an interesting old interview with Mrs. Buttho. In between she said It's first governament staff was attempted for corruption from a Saudi connection and some many whealthy arabs favouring the jihad. On the top list of those political manipulators for the money sent was Osama Bin with 10 mio dollars. But the list is far far much bigger than that one man prosecuted by the democracy enlargment connection.


She also said he was calling her son and not doughter when he offered money for controlling pakistan, and she negated....then that osama said some dumb things as she is a son couse he knew his fahter and the like as sort of religious brainwashed man this osama is in hands of others more clever and powerfull people...

now who gave the order to kill here...I guess wasnt Osama alone

warsaw TOMi 13:14 GMT December 28, 2007 Reply   
shorted audjpy 9922.

Hong Kong Qindex 13:11 GMT December 28, 2007 Reply   
EUR/JPY : The odds are in favor od taking a short position between 166.18 - 166.65. The stop should be placed a few pips above 167.38.

Hong Kong Qindex 13:06 GMT December 28, 2007 Reply   
EUR/JPY : A projected resistant point is positioning at 166.65.

madrid mm 13:01 GMT December 28, 2007 Reply   
I wonder if gold will break its high of the year just for the sake of it ...
8-)

850 maybe .....

PAR 12:56 GMT December 28, 2007 Reply   
Europeans take their shopping outside eurozone.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aVM2bjDk.TPM&refer=home

Hong Kong Qindex 12:55 GMT December 28, 2007 Reply   
EUR/GBP : The market is going to consolidate between 0.7346 - 0.7361 - 0.7379. Supporting range is 0.7322 - 0.7328. Resistant range is 0.7408 - 0.7427.

Amman wfakhoury 12:23 GMT December 28, 2007 Reply   
Haifa ac 10:03 GMT December 28, 2007
Amman wfakhoury 06:36 GMT December 28, 2007
high profit from shrot eur.jpy today//
Agree, but do you wait for 166.50 first, or not?!

=====buy level 166.30 sell level 165.25.
till now no level confirmed.

Hong Kong Qindex 12:21 GMT December 28, 2007 Reply   
EUR/JPY
: : Critical Support at 164.97

As shown in the monthly cycle projected series the market is positive when it is above the barrier at 164.21 // 164.98*. The weekly cycle pivot center is located at 156.04 - 164.71. However, The market is under pressure when it is below 166.16. It is likely that the market will test the supporting strength of 164.71 and my bias is on the downside.

Hong Kong Qindex 12:18 GMT December 28, 2007 Reply   
St. Annaland Bob 11:45 GMT - Thank you for your kind words. Have a Happy New Year to You!

Gen dk 12:17 GMT December 28, 2007 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

USA Skeptic 12:08 GMT December 28, 2007 Reply   
Fairy tales about the PPT can come true if you repeat them often enough.

Actually they are in Park City UT skiing and drinking so no overnight PPT shift until Jan 3.

The Netherlands Purk 12:08 GMT December 28, 2007 Reply   
Have the feeling that market will die soon today. Was being hailed by e/j at 16620 to short. Now waiting for signs in e/u. range 115 by now. Keep on checking this 14714 out. If we pass with 20, 14760 will be a chance to see. Low margin on all possies.

PAR 11:55 GMT December 28, 2007 Reply   
US PPT nigth shift sending US stock futures sharply higher. Also looking for very good Us home sales .

St. Annaland Bob 11:45 GMT December 28, 2007 Reply   

Qindex, greetings! ... may the rest of this year, next year, and any year will bring only good to you!

Auckland Trotter 11:40 GMT December 28, 2007 Reply   
Sofia Kaprikorn 11:23 GMT December 28, 2007
‘Trotter ..............
tnx a lot - I really try what you advise!’

I post on the forum for comments and criticism to learn. I do not post as an authority.

If you want to throw ideas about trading then ask jay for my e-mail.

Hong Kong Qindex 11:36 GMT December 28, 2007 Reply   
EUR/USD : The followings are still valid :-


Hong Kong Qindex 16:28 GMT December 27, 2007
Subject:
EUR/USD : If the market is able to close above 1.4608 in New Yorl session, it has potential to trade between 1.4608 - 1.4698 - 1.4845.


Hong Kong Qindex 16:25 GMT December 27, 2007
Subject:
Hong Kong BL 16:19 GMT - EUR/USD : The odds are high that we have seen the monthly low already


Hong Kong Qindex 15:59 GMT December 27, 2007
Subject:
EUR/USD : The market momentum is very strong if it can settle above 1.4608 in the New York session.

hk ab 11:31 GMT December 28, 2007 Reply   
Zeus, still buying usd?

Jerusalem ML 11:30 GMT December 28, 2007 Reply   
HI All

Tip of the day -

SELL EUR/JPY around 166.10

Target by monday 164.80

good luck

HK [email protected] 11:28 GMT December 28, 2007 Reply   
Sofia Kaprikorn 11:23 GMT December 28, 2007

It is a very sensitive market. If few funds will put hands together I think you will see some strong moves.

Sofia Kaprikorn 11:23 GMT December 28, 2007 Reply   
Trotter ..............
tnx a lot - I really try what you advise!


HK RF.........

as a pure observation I was also looking the Daily EURUSD chart and it broke up the recent falling trendline Very decisively..

also the 20 dama didn't even touch the 50 dma and the 200 dma is showing the initial direction is still up - measured by the BBands - a reach of 1.48 and higher is a matter of days to a week..

Auckland Trotter 11:10 GMT December 28, 2007 Reply   
Sofia Kaprikorn 11:00 GMT December 28, 2007
The most important thing is that you know why the market went against your trade. That means you have learnt an aspect of trading.

When you can’t explain why the market went against your trade – then you have to understand your approach to the current market conditions.

HK [email protected] 11:08 GMT December 28, 2007 Reply   
FWIW Chart Gazing, and with all my respect to all platforms Euro now opened (with some reservations of course) the chance to test prev. all time hi at 1.4966. The Tech. behind such a move are so powerful that it will hard to be ignored by this time.
So I shall keep the CHF I bought today.

Regarding the situation in Pakistan, will not be too calm for the next few weeks.

Sofia Kaprikorn 11:00 GMT December 28, 2007 Reply   
hello AHE!!!
nice to read from you!

really I was eager to take profit - but for me it is only being educating and navigating the main driving reason right now...

I learned today again - there are some patterns which I can't really describe at present but at least I had a plan since I shorted them 2 hours ago... I saw them bottoming and I had some projections where their upmove might cease and waited with limit orders at those levels...

so I might not got the whole moves (say 226.26 to 225.60...) - but I had a scenario - I played relatively strictly to it and I got 30 pips which is enough ..
----
so what I learned is I got leverage under control; had a plan and followed it..
---
however I see my mistakes - they are:
- I was a bit hesitant to enter early as I did open close to my planned Limits...
- I still don't manage my trading in a professional way ---
which is to put first a a TP at Breakeven and let profits roll..
at a later stage I plan to do it every time and take profits step-by-step (like at first 20-30 pips I tak out 1/2 of position and so on ) - so that once I get the direction I protect capital and at the same time let the profit potential unwind...

tnx for the heads up!

Auckland Trotter 10:51 GMT December 28, 2007 Reply   
madrid mm 10:33 GMT December 28, 2007

Trying to sort out my trading account at the moment with problems of access.

Demo account ok – shame it is not on my trading account.

Retraction ahead for the EUR/USD for some pips.

Hong Kong Ahe 10:50 GMT December 28, 2007 Reply   
Sofia Kaprikorn 10:43 GMT December 28, 2007
out of E/J & G/J shorts for a few pips.. // Good take of both EJ and GJ. But Ops, you must be scared by the price level. Anyway, Happy to take profit all the way thru New Year. With Best Rgds. ;o)

Sofia Kaprikorn 10:43 GMT December 28, 2007 Reply   
out of E/J & G/J shorts for a few pips..
wish all the nice people in the forum great holidays and a lot of fun on NY Eve!

madrid mm 10:41 GMT December 28, 2007 Reply   
LOL , 1.4701 is gone as well

8-)

Haifa ac 10:39 GMT December 28, 2007 Reply   
EURUSD 147.15 important rsistance.

madrid mm 10:38 GMT December 28, 2007 Reply   
Funy my platform says high euro/usd 1.4701....

Auckland Trotter 10:38 GMT December 28, 2007 Reply   
Sofia Kaprikorn 10:23 GMT December 28, 2007
Sofia Kaprikorn 10:06 GMT December 28, 2007

Give your explanation and reason for comments. If the forum responds, you can learn from any reciprocal responses.

Sofia Kaprikorn 10:36 GMT December 28, 2007 Reply   
not sure but maybe some options are trying to be touched as 2.00 in GBPUSD and 1.47 in EURUSD are tried to be touched at any cost - just observing - will see if there will be follow-through or immediate retrace.. that will tell i guess..

madrid mm 10:33 GMT December 28, 2007 Reply   
Auckland Trotter

8-)



1.4700 euro/usd$ ..........will it stay or will it go ?


Going .......going ..........

8-)

Sofia Kaprikorn 10:23 GMT December 28, 2007 Reply   
EURJPY short at 166.26

Sofia Kaprikorn 10:06 GMT December 28, 2007 Reply   
GBPJPY short in at 226.24

HK ling 10:05 GMT December 28, 2007 Reply   
No he waits for Hindsight..its his big gift...he is an expert at it..

Haifa ac 10:03 GMT December 28, 2007 Reply   
Amman wfakhoury 06:36 GMT December 28, 2007
high profit from shrot eur.jpy today//
Agree, but do you wait for 166.50 first, or not?!

PAR 09:46 GMT December 28, 2007 Reply   
High German inflation figures mostly due to VAT hikes which also sent consumption abroad , hence weak retail sales .

Auckland Trotter 09:41 GMT December 28, 2007 Reply   
madrid mm 06:45 GMT December 28, 2007
‘Expect the Unexpected, ie pakistan situation.’

I see a lot of factors gathering their influences. There has been some long term fundamental influences that are still ‘on the boil’, and at present we are just seeing some of the consequences.

Until we see the accounts for the major finance houses after the financial new year (April), we will not see the immediate impact, and then we can expect the market to react – as it does.

In certain countries I see next year there will be a tightening in personal spending due to general tightening of monetary control (reaction of the individual, or otherwise) – depending on the validity of the published figures.

There are some government elections due, which will have an immediate impact on the market, but long term – we shall see. (Those in power are not up for election at the end of the day)

Hong Kong Qindex 09:27 GMT December 28, 2007 Reply   
AUD/USD : Pulling Towards 0.8638


Weekly Cycle Pivot Center : (0.8501) - (0.8638)


Remarks : The market is vibrating around the weekly cycle projected chart point at 0.8729 with an expected magnitude of 0.8683 - 0.8774 for the time being.

PAR 09:26 GMT December 28, 2007 Reply   
ECB only intervenes daily in money markets never in forex markets . Boj intervenes daily in forex markets seldom in money markets .

madrid mm 09:23 GMT December 28, 2007 Reply   
euro/ud$ almot geting back what it lost on the 13th and 14th of this month....while gbp /usd$ not even half of it....
Dark forces at play !!!Most definitely
8-(0

Sofia Kaprikorn 09:19 GMT December 28, 2007 Reply   
Limit Sell orders:
EURJPY - 166.30
GBPJPY - 226.32

madrid mm 09:18 GMT December 28, 2007 Reply   
Gotin, 8-)

Go with the flow ....
8-)

Plovdiv Gotin 09:16 GMT December 28, 2007 Reply   
1.4760/99/1.4813max

madrid mm 09:15 GMT December 28, 2007 Reply   
As PAR mentionned, with so many Euros in the market, they must go somewhere , arent they ? 8-)

And they are not going into my pocket that s for sure !!!

8-)

madrid mm 09:11 GMT December 28, 2007 Reply   
so, i am so confused...
euro/usd$, 1.4720 today, 1.4600 or else ?
8-)

Hong Kong Qindex 09:04 GMT December 28, 2007 Reply   
AUD/JPY: Heading Towards 97.27

As shown in the monthly cycle projected series the market is under pressure when it is below 100.85. The mid-point reference between 97.27 and 100.85 is 99.06. Projected barriers are located at 97.53, 97.84, 98.18 and 99.01.

Syd 09:04 GMT December 28, 2007 Reply   
harif Says Elections Now Would Destroy Pakistan -AFP


ISLAMABAD (AFP)--Pakistan opposition leader Nawaz Sharif said Friday that if the government goes ahead with parliamentary elections next month, it will "destroy the country".

"If the government is adamant about holding elections on January 8, it is going on a self-destructive path which will not only destroy the government itself but will also destroy the country," he said.

Sofia Kaprikorn 08:51 GMT December 28, 2007 Reply   
I think USDJPY has bottomed on hourly chart and first target is 113.40 -- possibly 113.62 (20 ma on Hourly)

PAR 08:40 GMT December 28, 2007 Reply   
Euro rises almost 2% against the Chinese yuan this week .

Bali teddybear 08:37 GMT December 28, 2007 Reply   
Feel sorry to the pakistani.It was terrable terror.
I want to talk about eur/usd. The 3 falling peaks canceled to confirmed. The level is break. Now i'm thinking about the next possibility for neckline. The supports level are: 1st resistance @ 1.464, 2nd resistance @1.4717. The 1st resistance has been broken. Now looking 4 the 2nd resistance to break. If the neckline, 1.4717 break, it might be continues to rise again looking 4 the next target.Possible to buy till 1.49 again..?

PAR 08:17 GMT December 28, 2007 Reply   
BOj and Kampo buying USDJPY to protect crucial 112.75 support . Also looks like US PPT doing night shift to protect Us stock market by buying stock futures . Still looks like Us stocks could have a positive week with the help of some better than expected Us home sales which are predicted too pessimistic .

PAR 08:04 GMT December 28, 2007 Reply   
Euro rising sharply against all currencies this week including the yuan . Trichet worst banker of year . ECB Missed inflation target, missed money supply target, created a too strong currency . Too strong euro lead to massive european plant closures and shift from private employment to state employment. Too high european prices are leading to outsourcing of european consumption to areas outside eurozone e.g. New York , Dubai etc . Trichet saved the world stock markets by injection $ half a trillion in the markets which he than later had to drain because ECB made some miscalculation . In short if Trichet was head of a US bank he would be out of job, but most probably with a nice bonus . lol.

Mumbai Navin 07:11 GMT December 28, 2007 Reply   
Hong Kong Qindex 05:05 GMT December 28, 2007
AUD/JPY : It is going to head for 98.13.


Dr - any change to the above view? tia

madrid mm 06:57 GMT December 28, 2007 Reply   
have a gr8 day Jedi

8-)

madrid mm 06:54 GMT December 28, 2007 Reply   
* Japan Econs Minister Hiroko Ota says move toward end of deflation continue to be slow. Rise in CPI mainly due to crude oil prices and thus is not favourable. Watching subprime effects and also the high oil prices.

* MoF Fukushiro Nukaga says Japan will host G7 meeting on February 9 2008. The meeting will discuss subprime problems, high oil prices and the global economy.

* NKS: With only a few days to go before the start of the new year, the government is still unable to declare an end to deflation despite seeking opportunities to do so throughout the year. Assuming a "soft landing" of the US economy, the focus is on whether economic growth will resume accelerating in H2 2008. If it does not, the goal of achieving a full recovery from the prolonged post- bubble slump will recede farther into the future.

* PBoC sets USD/CNY mid-rate at new low of 7.3046, PBoC official says PBoC continues to promote stable FX reforms, despite the surge in CNY under PBoC guidance. CNY hit 7.3038 highs.

* WSJ: In a sign that they see tough times ahead, U.S. and European banks are considering sales of everything from branches to entire units. Possible sellers incl Citigroup Inc., which may unload or shut units, and HSBC Holdings PLC.

* Thin, but cautious markets, with sentiment hit after the assassination of former Pakistani PM Benazir Bhutto and also reports that Al Qaeda leader Osama Bin Laden video on Iraq will be broadcast in Islamic Website later. Reports by US investment houses of more write-down by big US financial firms also weighed on stocks, triggering rounds of Cross/JPY sales.

* USD/JPY hit lows of 112.88 in later afternoon, falling from 113.30, and vs morning post fixing highs of 114.20, as stoploss hit below 113, on continued Cross/JPY sales and some risk aversion.

Earlier in the day, USD/JPY was steady at 113.80-90 despite stronger CPI of 0.4% before rising to day highs of 114.02 on good fixing demand, set at 114.15, ahead of the long Japanese New Year holidays next week, with Japan away on Monday-Thursday, back on Friday, Jan 4.

Then came the Cross/JPY sales on stock losses. EUR/JPY lower at 165 lows from 166.30, AUD/JPY to 98.55 from 100, NZD/JPY at 86.90 from 87.90. AUD, NZD lower, GBP, EUR steady 1.4620.

Nikkei closed down 1.65% or 256.91pts at 15,307.78. For the year, Nikkei lost 11.1%, its first annual fall in 5 years, it rose 6.9% in 2006 - Reuters. Topix falls 12.2% in 2007, first annual fall in 5 year, JGBs up on stock falls, yield -0.05% 1.500%.

Crude oil near 1-m high of $96.91, with Gold prices near 1-month highs $827.50, key all time high $850.

madrid mm 06:49 GMT December 28, 2007 Reply   
Dec. 28 (Bloomberg) -- Japan's inflation rose at the fastest pace in more than nine years in November and industrial production and household spending declined, signaling rising oil costs may derail the economy's longest postwar expansion.

Core consumer prices, which exclude fresh food, climbed 0.4 percent from a year earlier, the statistics bureau said today in Tokyo. Factory output slid 1.6 percent from a month earlier. Households cut spending 0.6 percent, the first drop since July.

madrid mm 06:45 GMT December 28, 2007 Reply   
Hello and GM Jedi,

Expect the Unexpected, ie pakistan situation.

HK [email protected] 06:39 GMT December 28, 2007 Reply   
Bought swiss franc on a small margin. 1.3750.

Amman wfakhoury 06:36 GMT December 28, 2007 Reply   
high profit from shrot eur.jpy today

tokyo ginko 06:04 GMT December 28, 2007 Reply   
Hong Kong JL 01:09 GMT December 28, 2007
Morning frds, anyone can tell what's the val date for the usd/Jpy pls ?

==> spot value 4Jan2008

Mumbai NS 05:59 GMT December 28, 2007 Reply   
Risk aversion glgt

Canada NN 05:54 GMT December 28, 2007 Reply   
May I know what happen to USD/JPY? suddenly turn around after test 114. Anyone know why?

Hong Kong Qindex 05:05 GMT December 28, 2007 Reply   
AUD/JPY : It is going to head for 98.13.

Syd 03:59 GMT December 28, 2007 Reply   
Assassination of ex-Pakistan PM Bhutto is "obviously a big negative for Pakistan's outlook," says Calyon's Sebastien Barbe; "we believe a possible impact on India and the rupee should be manageable. But there is risk the Pakistan issue significantly pushes up risk aversion and adds to other worries in global markets." Hard to imagine parliamentary elections can go ahead, and is chance Musharraf again declares state of emergency; "in any case, the authorities seem to be back to worse than square one." At least economic backdrop isn't adding significantly to negative factors, despite fact inflation has accelerated; Pakistan expected to grow reasonably strong 5.5% next year, though political unrest may cap growth to some extent, may be harder to attract foreign investment going forward. India stocks, INR may be impacted in short-term as Bhutto news is detrimental to outlook for dialogue between two nations; still, "the uncertainty will focus much more on Pakistan's domestic affairs than on relationships with India." More broadly, Pakistan may get pushed to top of list of world hottest geopolitical issues, with impact on risk aversion if situation deteriorates; "keep in mind that Pakistan is the sixth most populated country in the world, home to 169 million people, and one of the world's 11 known military nuclear powers. Instability in Pakistan could also open the door to nuclear technology spreading to other unstable regions."

Hong Kong Qindex 03:57 GMT December 28, 2007 Reply   
USD/JPY: Critical Support at 112.68


The market is going to test the supporting strength of 113.12 - 113.17. As shown in the pattern of the monthly cycle charts the market has potential to go all the way back to 111.16. A critical supporting point is located at 112.68. Projected barriers are located at 112.30 and 113.04.


Wednesday December 26, 2007 - 01:47:23 GMT
QIndex - www.qindex.com


USD/JPY : Resistance at 114.47
USD/JPY : Resistance at 114.47



As shown in the pattern of the monthly cycle charts the market is positive when it is trading above 113.19. Projected resistant points are located at 114.86 and 115.32. The weekly cycle pivot centers are located at 114.05 - 114.08. The current expected trading range is 113.61 - 114.47.

Hong Kong Qindex 02:59 GMT December 28, 2007 Reply   
EUR/AUD : Critical Support at 1.6521

As shown in the monthly cycle projected series the market is positive when it is above 1.6577. A projected resistant point is located at 1.7071. Barriers are located at 1.6740, 1.6803 and 1.6958.

Syd 02:35 GMT December 28, 2007 Reply   
AUD/JPY sharply lower on selling from real money investors in Japan, says Bank of New Zealand strategist Danica Hampton. Notes AUD/USD also being sold off, says no newsflow behind selling, trading volumes very thin. AUD/JPY now 99.01 from 99.95 earlier; support tipped at current levels around 99.00; AUD/USD at 0.8734 from 0.8763 earlier.

Hong Kong Ahe 01:59 GMT December 28, 2007 Reply   
Japan and Singapore Stock down, Carry Trade abandon the ship, be careful. GLGT

Hong Kong JL 01:09 GMT December 28, 2007 Reply   
Morning frds, anyone can tell what's the val date for the usd/Jpy pls ?

austin mw 00:36 GMT December 28, 2007 Reply   
FBI and Homeland Security citing Islamist web site
that al-Qaidi was behind the assasination of PM Bhutto.

usa 00:17 GMT December 28, 2007 Reply   
maribor ,i think ur right on that one ,

 




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