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Forex Forum Archive for 02/26/2009

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US SW 23:58 GMT February 26, 2009
free for ideas and discussion please respond
Reply   
like the yen and euro....me harty..;how about you

GVI Forex john 23:37 GMT February 26, 2009
GVI Forex Analysis

JA CPI
double 0's


GVI Forex john 23:36 GMT February 26, 2009
GVI Forex Analysis

Japan PMI Mfg

Syd 23:31 GMT February 26, 2009
yen
Reply   
Tokyo Feb Core CPI +0.6% On Year; Mkt Expected +0.4%

Syd 23:23 GMT February 26, 2009
The substantial weakness on the residential front reinforces our view that the RBNZ will cut the OCR
Reply   
Weak NZ January building consents "indicate that residential construction is likely to take another large double-digit quarterly drop in early 2009 after a probable substantial drop in late 2008," says ASB Chief Economist Nick Tuffley.

Hong Kong Qindex 22:53 GMT February 26, 2009
QIndex Trading System

Sell EUR/USD
Entry: Target: Stop:

EUR/USD : A projected barrier is located at 1.2584, that is somewhere between 1.2566 // 1.2625 and a proejected supporting level is positioning at 1.2527 - 1.2533.

Hong Kong Qindex 22:45 GMT February 26, 2009
QIndex Trading System

Sell EUR/USD
Entry: Target: Stop:

EUR/USD : The following is still valid in the Asian Session. I will generate a new set of data later today.

==============================================

02/26/2009 14:50:06 Qindex Hong Kong 9
EUR/USD : the odds are good that the market will enter the next trading range 1.2685 - 1.2745 from the current 1.2745 - 1.2804 trading range.


Daily Cycle Quantum Levels

... 1.2506 - 1.2566 // 1.2625 - 1.2685 - 1.2745 - 1.2804 // 1.2864 ...


==============================================
The following daily cycle projected series is still valid. We have to keepan eye on the lower barrier at 1.2625 // 1.2655 and the end at 1.2476.


02/26/2009 12:49:54 Qindex Hong Kong 11
EUR/USD : Daily Cycle Analysis


Daily Cycle Projected Series (1.2715) : 1.2416* ... 1.2476 - 1.2536* - 1.2595 - 1.2625 // 1.2655* - 1.2685 - 1.2715 - 1.2745 - 1.2775* - 1.2804 - [1.2834] - 1.2864 - 1.2894* - 1.2924 - 1.2954 - 1.2984 - 1.3013* // 1.3043 - 1.3073 - 1.3133* - 1.3193 ...

Daily Cycle Congested Area : 1.2220 - 1.2425 - (1.2630 - 1.2834) - 1.3039 - 1.3244 - 1.3448

Neutral Range : 1.2656 - 1.2876 (Buy at low and sell at high is the preferred trading strategy when the market is trading within the the neutral range. A stop and reverse order can also be considered).

Upside Targeting Points : 1.2805 - 1.2851

Downside Targeting Points : 1.2476 -1.2655

==============================================

If you are confused by the numbers, just concentrate on the congested area at 1.2425 and 1.2630. For day traders one can try to do several times with 50 - 55 pips target (It is becuse the rhythm of the daily cycle quantum level is represented by 60 pips currently)




Syd 22:43 GMT February 26, 2009
fx
Reply   
RBNZ Governor Bollard said the weaker NZD is helping to cushion the Kiwi economy from the global downturn, echoing BOE sentiments that suggest currency weakness simply isn’t a concern for these two countries right
now
.NZ building consents take a further tumble in January with seasonally adjusted residential permits down 13.1% on month, ex-apartment approvals down 8.2%, according to Statistics NZ. Economists now tipping central bank to cut OCR by at least 50 bps next month to 3.00%
The Crisis of Credit Visualized


The Crisis of Credit Visualized

US SW 22:24 GMT February 26, 2009
eurjpy
Reply   
Buy
Entry: Target: 127oo Stop:

TP still valild here

GVI Forex john 22:03 GMT February 26, 2009
GVI Forex Analysis

Asia/Europe data Zone…22:00 GMT to 12:00 GMT
Thursday (GMT)
JA- National/Core CPI- Important- except in this context with BOJ rates effectively at zero (0.10%)
JA- Household Spending.-Important- seen weak
JA- Retail Sales- Important- seen weak
JA- Industrial Output (preliminary)- Important- seen weak
JA- Unemployment- 2nd Tier- not very reliable number
JA- Feb PMI- 2nd Tier– no estimate
Friday
EZ- Unemployment- 2nd tier- seen unchanged at 8.0% high level
EZ- HICP (CPI) data- Important- ECB HICP target “below 2.0%” falling sharply. See GVI chart
CH- KOF Leading indicator- Important- seen weaker

23:15	JA	Feb	Mfg PMI	        Cons: n/a	Last: 29.6
23:30	JA	Jan	Core CPI yy	Cons: -0.1%	Last: +0.2%
23:30	JA	Jan	Unemploy	Cons: 4.6%	Last: 4.4%
23:30	JA	Jan	Household Spend	Cons: -5.5%	Last: -4.6%
23:30	JA	Jan	CPI yy	        Cons: n/a	Last: +0.4%
23:50	JA	Jan	Retail Sales	Cons: -3.0%	Last: -2.7%
23:50	JA	Jan	Ind Out prelim	Cons: -10.0%	Last: -9.8%
 			FRIDAY	 	 
10:00	EZ	Jan	Unemployment	Cons: 8.0%	Last: 8.0%
10:00	EZ	Jan	HICP yy	        Cons: +1.1%	Last: +1.6%
10:00	EZ	Jan	HICP x-f&e yy	Cons: n/a	Last: +1.8%
10:30	CH	Feb	KOF Ind	        Cons: -1.0	Last: -0.87

Maribor 21:34 GMT February 26, 2009
fundamentals
Reply   
I made some comments few days ago regarding fundamentals about USDCAD, NZDUSD and EURUSD. After some additional checking, I found it does not give enough predictive value, so it was just scrap. Disregard it.

GVI Forex john 20:42 GMT February 26, 2009
GVI Forex Analysis

NEW! GVI Forex Chart Gallery. Printable FX Charts

Click for Complete Chart Points

26-Feb-09

EURUSD

USDJPY

USDCHF

GBPUSD

USDCAD

Close

1.2750

98.30

1.1650

1.4313

1.2490

High

1.2811

98.71

1.1720

1.4385

1.2578

Low

1.2683

97.33

1.1597

1.4163

1.2397

Simple mva

EUR/USD

USD/JPY

USD/CHF

GBP/USD

USD/CAD

5 day

1.2773

96.07

1.1641

1.4388

1.2486

10 day

1.2738

94.46

1.1661

1.4340

1.2502

20 day

1.2820

92.46

1.1631

1.4428

1.2423

50 day

1.3232

91.21

1.1311

1.4493

1.2302

100 day

1.3113

93.63

1.1519

1.5071

1.2277

200 day

1.4104

100.25

1.1094

1.7055

1.1324

London NYAM 20:31 GMT February 26, 2009
FDIC Report
Reply   
: Stocks are falling to fresh session lows. The intensified selling effort comes after FDIC reported that its Problem List expanded to 252 institutions at the end of the fourth quarter.

Though the report didn't necessarily tell investors anything new, since it remains widely recognized that a growing number of banks and financial institutions are challenged, it still represents one more negative headline.

FDIC reported that 252 the troubled institutions hold a combined $159 billion in assets. At the end of the third quarter the list had 171 institutions holding $116 billion in assets.

The financial sector is now trading with a 1% gain. It had been up nearly 7% at its session high

London NYAM 20:30 GMT February 26, 2009
FDIC report
Reply   
: Stocks are falling to fresh session lows. The intensified selling effort comes after FDIC reported that its Problem List expanded to 252 institutions at the end of the fourth quarter.

Though the report didn't necessarily tell investors anything new, since it remains widely recognized that a growing number of banks and financial institutions are challenged, it still represents one more negative headline.

FDIC reported that 252 the troubled institutions hold a combined $159 billion in assets. At the end of the third quarter the list had 171 institutions holding $116 billion in assets.

The financial sector is now trading with a 1% gain. It had been up nearly 7% at its session high

Roodepoort ZA 19:56 GMT February 26, 2009
i am confused

Hope so! GL

Roodepoort ZA 19:55 GMT February 26, 2009
ECB

Now who side are you on?

madrid 19:54 GMT February 26, 2009
i am confused
Reply   
Roodepoort ZA 19:53 GMT February 26, 2009

I like your style

gl/gt

8-)

ps- are you sure i will know ? LOL

Roodepoort ZA 19:53 GMT February 26, 2009
i am confused

You will know when it is the end, but for now focus on your next trade. Chf next target looks like 1.1324.

:)

madrid 19:52 GMT February 26, 2009
equities
Reply   
LDN NYAM,

Maybe the market is waiting for Warren Buffet's letter coming out this saturday for some guidance

8-)

PS - is inflation back yet ? Shhhhhhh

LJ BK 19:49 GMT February 26, 2009
ECB

NYC ET 19:40 GMT February 26, 2009

These appeals and rules are a joke to me. When Greece was caught cheating for fabricating statistical data in order to join Euro, they were fined. Now, when Germany might not meet Maastricht criteria, there is a debate to soften the rules. If you're not able to meet them, pay the fine to others who can, not change the rules.

madrid 19:47 GMT February 26, 2009
i am confused
Reply   
We live in a funny world...

We hear about more and more about
-toxic paper
-stimulus plans
-trilion deficit
-bankrupt countries
-huge unjustified bonuses
-economic plans
-support , resistance, Pp
-nationalisation, or whatever they want to call it
-etc

but we do not hear any more about
-strong dollar
-responsible spending
-carry trade
-Geisha traders
etc...

Evolution or revolution ?

Still, my question is -

Is it the end of the world yet ? Or there is a tomorrow ?

have a great day and may the force be with you all

8-)

London NYAM 19:44 GMT February 26, 2009
Trade Ideas

I dont know FM those equities look poised to dump again...

NYC ET 19:40 GMT February 26, 2009
ECB

Trichet was warning countries like Ireland that they had to adhere to the stability pact guidelines. This is like a straitjacket in this economic environment.

LJ BK 19:35 GMT February 26, 2009
ECB

Como Perrie 16:22 GMT February 26, 2009

ECB can't go bankrupt. They print their own money. And if they try to reduce their balance sheet, they will shake european financial system. Same thing if they start hiking rates in case of inflation. In spite that price stability are the most common words used by Trichet, I think their hands are tied.

GVI Forex Jay 19:30 GMT February 26, 2009
EUR/USD range forecast for the NY session start until today’s close

The NYC range has been 1.2720-1.2811

Click on the subject link to see the summary.

Lahore FM 18:48 GMT February 26, 2009
Trade Ideas

1.2720/30 is the absolute divider of the medium term direction hereon.bullish resolution seems more reasonable for eurusd imho.

Pontiac DJ 18:22 GMT February 26, 2009
buying the yen

eur/usd
Entry: Target: Stop:

closing this position in the hopes of coming back in later in the day. Overall trend is still down however, a small blip up here is to be expected. Re-Enter the shorts at 1.2784 if it pops to there.. GL have a great day everyone

van jv 18:07 GMT February 26, 2009
USD/JPY
Reply   
On the other hand
Possible MT targets 110, 120 zones

Belgrade Knez 17:23 GMT February 26, 2009
Trading
Reply   
After London close, looks like everybody stop trading.

Lahore FM 17:15 GMT February 26, 2009
Trade Ideas

02/25/2009 17:33:00 FM Lahore 15
long eurnok 8.7560 stops at 8.6800.looking for 8.83 and higher towards 8.90.
--
Out of half now at 8.8419.stops stay.

eu kaprikorn 17:12 GMT February 26, 2009
USDJPY

yes -- good point caba - I just add a little for any blowoff phase --

however - just did this Fibs on weekly and 50% of 110 - 87 is right here at 98.74

61.8 is 101.48 - close to 55weekly at 101.09..

all but open space between here and any other target - all above 100..

BA mades 17:12 GMT February 26, 2009
USDJPY

What if 50% won't hold ? 61.8% is 101.66 which would make it over 1000 pip run without retracement.

Napoli DC 17:06 GMT February 26, 2009
USDJPY

...and a possible target for the double bottom

philadelphia caba 17:01 GMT February 26, 2009
USDJPY

there's 98.90 as 50% (110.67 - 87.13)

eu kaprikorn 16:54 GMT February 26, 2009
USDJPY
Reply   
BA Mades ......

yeah -- good work on range breakout...
now the world is set to watch the new YEN show 'should I stay at or should I go down from 100level'
.. my bet is little fish will be faked at around 99.50 just to see 95 in 2-3 days later...

Bloomington UI 16:52 GMT February 26, 2009
yen reply
Reply   
Pontiac DJ 16:05 GMT February 26, 2009
buying the yen: Reply
usd/jpy
Entry: Target: Stop:

The overall trend is so strong I cannot imagine that we won't see 100.00 here today or Friday. Once we do that and break through look for 104+.. I would be a very nervous short right here. Good Luck

Check the daily chart then flip to the weekly chart. The overall trend is for the yen to strengthen. Just my opinion!

USA BAY 16:35 GMT February 26, 2009
eur/usd
Reply   
Hong Kong Qindex,

Dr Q, your call to sell eur/usd at 1.274x, is it still open. Tia

Como Perrie 16:22 GMT February 26, 2009
ECB
Reply   
btw ECB is already so full of toxic paper that has no room in under the current regulation to buy much more...

so countries have to get them or ECB goes bankrupts... Tremonti bonds just issued in Italy would pay rates from 7 to 8 pct for those who love high junk risk

Como Perrie 16:16 GMT February 26, 2009
ECB
Reply   
finally Trichet admitted a rate cut... is he scared of the defaulting eurozone swap market. )

Pontiac DJ 16:14 GMT February 26, 2009
buying the yen

Sell EUR/USD
Entry: 1.277 Target: 1.2715 Stop: 1.2795

I think we are seeing a a little blip that here. I think we will probably see this move back down later and hopefully make the target. This is overall trending down and should resume soon. I will be adding shorts here.

Lahore FM 16:13 GMT February 26, 2009
Trade Ideas

02/08/2009 23:22:26 FM Lahore 279
11/20/2008 17:23:14 FM Lahore 752
fwiw,silver is at its multimonth support at 9.00.i am long.
--
closed 13.08 now for 408 cents.
--
closed this in full for minus 2 cents at 13.10.

Lahore FM 16:12 GMT February 26, 2009
Trade Ideas


02/26/2009 14:18:26 FM Lahore 4
thanx Kapri,and looking to any rise in silver to fail as well and drop to 13.10 area first and then lower.
--

02/18/2009 21:41:56 FM Lahore 80
sold silver 2nd position 14.34.
--

that was fast enough to 13.10.closed 14.34 in 1/2 here at 13.10.stops to entry on rest.

Stockholm za 16:06 GMT February 26, 2009
GBPJPY


Nice One...
Just a reminder !

Pontiac DJ 16:05 GMT February 26, 2009
buying the yen

usd/jpy
Entry: Target: Stop:

The overall trend is so strong I cannot imagine that we won't see 100.00 here today or Friday. Once we do that and break through look for 104+.. I would be a very nervous short right here. Good Luck

Bloomington UI 15:56 GMT February 26, 2009
buying the yen

Sell usdjpy
Entry: Target: Stop:

I'm sticking with my views. And yes, that is exactly where my stops are too.

Market might run those stops before it finds a top around 102.

US SW 15:52 GMT February 26, 2009
buying the yen

reverse...talk over here of breaking 100oo if not only to take out a TON of STOP above PAR

BA mades 15:51 GMT February 26, 2009
usdjpy / breakout

eu kaprikorn 12:07 GMT February 26, 2009
so I actually think you r idea of waiting of the range to break as - in sucha cases most probable pattern it will swing to both ends of the range and then take the least resistance road..

You were right kapri, it tested the lower range before breaking for 2nd time to the upside. I will remember this pattern for future range breakouts.

Bloomington UI 15:49 GMT February 26, 2009
buying the yen
Reply   
Sell usdjpy
Entry: 98.5 Target: Stop:

I'm no genius but the facts speak for themselves. I'm short from 97.70 and will add at higher levels.


Sold another usdjpy at 98.50. This poor college kid is looking for a much needed payday!

Hong Kong Qindex 15:38 GMT February 26, 2009
QIndex Trading System

Gold
Entry: Target: Stop:

Gold : Daily Cycle Analysis


Daily Cycle Projected Series (952.1) : ... 882.5 - 892.3* - 902.1 - 907.0 // 911.9* - 916.8 - 921.7 - 926.6 - 931.5* - 936.4 - [941.3] - 946.2 - 951.1* - 956.0 - 960.9 - 965.8 - 970.7* // 975.6 - 980.5 - 990.3* - 1000.1 ...

Daily Cycle Congested Area : 840.6 - 874.1 - 907.7 - (941.3 - 974.9) - 1008.5 - 1042.0

Neutral Range : 930.2 - 958.5 (Buy at low and sell at high is the preferred trading strategy when the market is trading within the the neutral range. A stop and reverse order can also be considered).

Upside Targeting Points : 968.8 - 972.9

Downside Targeting Points : 902.1 - 904.6

Hong Kong Qindex 15:32 GMT February 26, 2009
QIndex Trading System

Sell DJIA
Entry: Target: Stop:

DJIA : The market is under pressure when it is below 7441.

Bilad KaL 15:26 GMT February 26, 2009
KaL's Auto Trades



Buying EURGBP at around .8850

Bilad KaL 15:22 GMT February 26, 2009
KaL's Auto Trades



GBPNZD should crash for the day and next IMO

Hong Kong Qindex 15:18 GMT February 26, 2009
QIndex Trading System

Napoli DC 15:16 GMT - Thank you for your kind words. My system can generate this kind of analysis for day traders when I have time.

US SW 15:18 GMT February 26, 2009
QIndex Trading System

THEE BEST....THE END...THX DOC... Q

US SW 15:17 GMT February 26, 2009
usdjpy
Reply   
Buy
Entry: Target: Stop:

pair needs to tackle and push through 9843 to go higher or sustain current trend to 99oo+ within the next 8 hours

Napoli DC 15:16 GMT February 26, 2009
QIndex Trading System

surgical precision

Bilad KaL 15:14 GMT February 26, 2009
NZDUSD chart



USDJPY
Longs at 97.50 to 97.60

Hong Kong Qindex 15:14 GMT February 26, 2009
QIndex Trading System

Sell GBP/USD
Entry: Target: Stop:

GBP/USD : As shown in the monthly cycle frequency chart chart the fair for it to settle tomorrow at the end of the month is 1.4008. In the mean time it is still consolidate within the monthly cycle matrix at 1.3767 - 1.4120 - 1.4435. We have to use the "Directional Indicator" which indicates that the market is range bound between 1.4122 - 1.4749 for the time being.



Directional Indicator : [1.2008] - [1.2279] - 1.2930* - 1.4122 - 1.4223* - 1.4305 - 1.4552* - 1.4749 - [1.5295]

US SW 15:13 GMT February 26, 2009
GOLD
Reply   
Looks like Mr. Crammer Could be right that Gold may see 910-870 in the not to distant future...looking for Gold to weeken with the Euro and seeing this possible action as a BUY of Gold as form of World Currency..GL

GVI Forex john 15:04 GMT February 26, 2009
GVI Forex Analysis

US Jan New Home Sales -10.2% To 309K; Dec New Home Sales Revised To 344K From 331K

+++++++++++++++++++++++++

Even weaker than expected

New Homes Sales, Starts and Permits
New Homes just release only (blue line)

Bilad KaL 15:01 GMT February 26, 2009
NZDUSD chart
Reply   


Selling NZDUSD

Dubai kl 15:00 GMT February 26, 2009
oil minibubble
Reply   
Wow, what's up with oil, up 30% in 1 week...

eu kaprikorn 14:54 GMT February 26, 2009
GOLD
Reply   
I would be delighted to see what Pro's think but let's consider this scenario:
IMF will have to raise money for big business in Emerging Markets - case in point Eastern Europe...

what better way to raise cash for this venture if not selling Gold reserves at Yearly Highs...

St. Pete islander 14:53 GMT February 26, 2009
QIndex Trading System

Dr. Q, may I ask for your view on GBP/USD? tia

Hong Kong Qindex 14:50 GMT February 26, 2009
QIndex Trading System

Sell EUR/USD
Entry: Target: Stop:

EUR/USD : the odds are good that the market will enter the next trading range 1.2685 - 1.2745 from the current 1.2745 - 1.2804 trading range.


Daily Cycle Quantum Levels

... 1.2506 - 1.2566 // 1.2625 - 1.2685 - 1.2745 - 1.2804 // 1.2864 ...

Tokyo Tommy 14:47 GMT February 26, 2009
DJ
Reply   
Sell DJ
Entry: 7300 Target: 7220 Stop: 7380

GO DOWN

eu kaprikorn 14:46 GMT February 26, 2009
Trade Ideas

hi caba -- you might be right but certainly in credit collapse that is let's say in its intermediate phase.. only hard cash will matter... and you can't buy anything with actual gold....

to me it's one of those last resorts/bubbles where the crowd runs for cover while trying to make some money on the last market that is still in + /the UST market the other one/...

and consider we even didn't see a blow off phase no matter all the gloom and doom media coverage of the last week...

time is of the essence and I think and would play on the short side..

philadelphia caba 14:36 GMT February 26, 2009
Trade Ideas

with proposed up to $750 billion in NEW bank aid (Obama’s first budget request) ... it looks like shake-out small fish longs before much, much higher ....

US SW 14:35 GMT February 26, 2009
USD/JPY

Buy
Entry: 98oo Target: 99oo Stop:

tommy can you here me

Tokyo Tommy 14:29 GMT February 26, 2009
USD/JPY
Reply   
Sell USD/JPY
Entry: 97.862 Target: 97.50 Stop: 98.20

GO DOWN

Lahore FM 14:18 GMT February 26, 2009
Trade Ideas

thanx Kapri,and looking to any rise in silver to fail as well and drop to 13.10 area first and then lower.

Hong Kong Qindex 14:06 GMT February 26, 2009
QIndex Trading System

Sell EUR/USD
Entry: Target: Stop:

EUR/USD : Daily Cycle Analysis


The daily cycle market rhythm is represented roughly by 60 pips. The pattern of the daily cycle charts indicate that it can easily move between 1.2625 - 1.2804. Greater effort is required to push the market one more step to 1.2864. When the market resumes its downward trending momentum and penetrate through 1.2600, the market is expected to test the supporting range at 1.2506 - 1.2566.


... 1.2506 - 1.2566 // 1.2625 - 1.2685 - 1.2745 - 1.2804 // 1.2864 ...

eu kaprikorn 13:58 GMT February 26, 2009
Trade Ideas

FM .... dear sir... wonderful trading sense again in ur 1000 short GC trade...
the media craze at the high was a kind of confirmation -- seems once the 937 / 34day MA gives way the 900 target comes in sight

all the best to you!

Lahore FM 13:46 GMT February 26, 2009
Trade Ideas

interestingly world does not need so much gold suddenly,after all!we might see levels nearer 900 then perhaps up for a failure.too much bullish fervour going into long gold which might work to the opposite.holding silver shorts got out with gold shorts too early in upper 950's it seems.

Gen dk 13:45 GMT February 26, 2009 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Lahore FM 13:44 GMT February 26, 2009
usdjpy

thanx Bilad Kal..cheers!!

GVI Forex john 13:43 GMT February 26, 2009
GVI Forex Analysis

US Jobless Claims +36K To 667K In Feb 21 Wk
US Feb 14 Week Continuing Claims +114K to 5,112,000
Continuing Jobless Claims Highest On Record

US Jan Durable Goods Orders -5.2%; Consensus -3.0%
Dec Durable Goods Orders Revised To -4.6% From -3.0%

++++++++++++++++++++++++++++++++++++++++++++++++

Even weaker than expected data


Click on chart for five-year history

Bilad KaL 13:41 GMT February 26, 2009
usdjpy

USDJPY I think more like 104..then done
Buying at 97.2
Nice level FM

Lahore FM 13:37 GMT February 26, 2009
Trade Ideas

snp 500 march looking for move above 785.

Gen dk 13:32 GMT February 26, 2009 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Chicago SC 13:30 GMT February 26, 2009
EUR/USD range forecast for the NY session start until today’s close

John- neutral survey suggest no weak side of the market

Lahore FM 13:29 GMT February 26, 2009
EUR/USD range forecast for the NY session start until today’s close

1.2681.1.3060.

Lahore FM 13:27 GMT February 26, 2009
Trade Ideas

02/25/2009 16:35:52 FM Lahore 8
short usdjpy 97.39.stops at 90.
--
stopped fo minus 51.
--
0.8880 0.8910 area to buy into eurgbp for move past 0.9050.

eu kaprikorn 13:26 GMT February 26, 2009
usdjpy
Reply   
sorry for too much spam --
97.99 is Resistance 1 // daily pivot is 97.19..

eu kaprikorn 13:24 GMT February 26, 2009
usdjpy
Reply   
hourly trendline support is at 97.99 -- coincides with Daily pivot... so obviously a make o'break point...

I still have this strange feeling the breakout above 98 is a fakeout..

houston st 13:17 GMT February 26, 2009
EUR/USD range forecast for the NY session start until today’s close

1.2765 to 1.2885

Gen dk 13:14 GMT February 26, 2009 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Bilad KaL 13:14 GMT February 26, 2009
KaL's Auto Trades



EURUSD Till friday
Maybe a sell

GVI Forex john 13:13 GMT February 26, 2009
EUR/USD range forecast for the NY session start until today’s close

Survey Observations:
Great participation again today. Thanks to all who participated.
- Results interesting. Low to high: 1.2440 to 1.3185
- Toss extremes out, still pretty wide 1.2566 to 1.2990
- Average range narrower 198 pips
- No obvious bias. Suggests range day

Please add you observations. Again thanks!

GVI Forex john 13:00 GMT February 26, 2009
EUR/USD range forecast for the NY session start until today’s close

€/$ SURVEY OUTCOME

Low	high	middle	spread		Low	high
1.2440	1.2870	1.2655	0.0430		1.2440	1.2776
1.2566	1.2808	1.2687	0.0242		1.2566	1.2785
1.2670	1.2776	1.2723	0.0106		1.2630	1.2808
1.2630	1.2820	1.2725	0.0190		1.2650	1.2810
1.2665	1.2785	1.2725	0.0120		1.2665	1.2815
1.2650	1.2810	1.2730	0.0160		1.2670	1.2820
1.2690	1.2815	1.2753	0.0125		1.2670	1.2835
1.2695	1.2840	1.2768	0.0145		1.2690	1.2840
1.2735	1.2835	1.2785	0.0100		1.2695	1.2870
 CURRENT SPOT==>> 1.2800 
1.2735	1.2890	1.2813	0.0155		1.2710	1.2890
1.2710	1.2920	1.2815	0.0210		1.2710	1.2920
1.2720	1.2920	1.2820	0.0200		1.2710	1.2920
1.2710	1.2930	1.2820	0.0220		1.2720	1.2920
1.2710	1.2950	1.2830	0.0240		1.2735	1.2930
1.2670	1.2990	1.2830	0.0320		1.2735	1.2950
1.2745	1.2920	1.2833	0.0175		1.2735	1.2990
1.2760	1.2990	1.2875	0.0230		1.2745	1.2990
1.2735	1.3185	1.2960	0.0450		1.2760	1.3185
 AVERAGES 
1.2680	1.2867	1.2776	0.0198		

LJ BK 12:55 GMT February 26, 2009
EUR/USD range forecast for the NY session start until today’s close

1,2745 - 1,2920

isr gush 12:54 GMT February 26, 2009
EUR/USD range forecast for the NY session start until today’s close

12710-12960

GVI Forex john 12:53 GMT February 26, 2009
EUR/USD range forecast for the NY session start until today’s close

1.2760-1.2990

Hong Kong Qindex 12:49 GMT February 26, 2009
QIndex Trading System

Sell EUR/USD
Entry: Target: Stop: 1.2866

EUR/USD : Daily Cycle Analysis


Daily Cycle Projected Series (1.2715) :  ... 1.2476 - 1.2536* - 1.2595 - 1.2625 // 1.2655* - 1.2685 - 1.2715 - 1.2745 - 1.2775* - 1.2804 - [1.2834] - 1.2864 - 1.2894* - 1.2924 - 1.2954 - 1.2984 - 1.3013* // 1.3043 - 1.3073 - 1.3133* - 1.3193 ...

Daily Cycle Congested Area : 1.2220 - 1.2425 - (1.2630 - 1.2834) - 1.3039 - 1.3244 - 1.3448

Neutral Range : 1.2656 - 1.2876 (Buy at low and sell at high is the preferred trading strategy when the market is trading within the the neutral range. A stop and reverse order can also be considered).

Upside Targeting Points : 1.2805 - 1.2851

Downside Targeting Points : 1.2476 -1.2655

GENEVA DS 12:48 GMT February 26, 2009
EUR/USD range forecast for the NY session start until today’s close

12735-13185... some end of month window dressing and squeezing

Chicago SC 12:45 GMT February 26, 2009
EUR/USD range forecast for the NY session start until today’s close

1.2710-1.2950
equities to rally

singapore td 12:41 GMT February 26, 2009
EUR/USD range forecast for the NY session start until today’s close

sure Jay, why not 1.2720-1.2920

GVI Forex Jay 12:40 GMT February 26, 2009
EUR/USD range forecast for the NY session start until today’s close

td, good posting of your rationale, need a range with the forecast. TIA

GVI Forex john 12:40 GMT February 26, 2009
GVI Forex Analysis

NEW! GVI Forex Chart Gallery. Printable FX Charts

Click for Complete Chart Points

25-Feb-09

EURUSD

USDJPY

USDCHF

GBPUSD

USDCAD

Close

1.2715

97.66

1.1732

1.4204

1.2526

High

1.2899

97.79

1.1743

1.4608

1.2612

Low

1.2690

96.36

1.1550

1.4175

1.2400

Simple mva

EUR/USD

USD/JPY

USD/CHF

GBP/USD

USD/CAD

5 day

1.2760

95.30

1.1658

1.4387

1.2499

10 day

1.2748

93.70

1.1659

1.4335

1.2498

20 day

1.2831

92.04

1.1624

1.4429

1.2409

50 day

1.3262

91.03

1.1295

1.4508

1.2292

100 day

1.3122

93.65

1.1515

1.5099

1.2267

200 day

1.4119

100.28

1.1088

1.7082

1.1311

Mtl JP 12:39 GMT February 26, 2009
EUR/USD range forecast for the NY session start until today’s close

1.2808 - 1.2566

Hong Kong Qindex 12:39 GMT February 26, 2009
QIndex Trading System

Sell EUR/USD
Entry: 1.2770 Target: 1.2600 Stop: 1.2850

EUR/USD : The current expecte trading range is 1.2625 - 1.2784. Projected resistant barriers are located at 1.2844 and 1.2898. Sell on rallies is still the preferred trading strategy.

GVI Forex john 12:35 GMT February 26, 2009
GVI Forex Analysis
Reply   

13:30	US	Jan	Durable Goods	Cons: -2.5%	Last: -3.0%
13:30	US	WK	Cont Claims mn	Cons: 5.025	Last: 4.987
13:30	US	Wk	Initial Claims	Cons: 625K	Last: 627K
15:00	US	Jan	New Home Sales	Cons: 324K	Last: 331K
15:30	US	DOE	Nat Gas bcf	Cons: -100	Last: -24
N.Y. data Zone…13:30 GMT to 16:00 GMT
Durable Goods- closely watched but a volatile series remains weak
Weekly Jobless- still very weak, tends to follow economy with a lag.
New Home Sales- expected to remain weak.

singapore td 12:33 GMT February 26, 2009
EUR/USD range forecast for the NY session start until today’s close

i think nj jf has got this one right, going long near euro 1.2740 should be good enough, it is trying to build up some base here in 1.27 region before another launch to 1.30

Plovdiv Gotin 12:31 GMT February 26, 2009
EUR/USD range forecast for the NY session start until today’s close

1.2787/1.2440

fl jf 12:24 GMT February 26, 2009
EUR/USD range forecast for the NY session start until today’s close

1.2735/1.2835 . 1.2820 close

obama budget
fdic reports on banks this afternoon
car maker discussion and possible ch11 for GM after numbers this morning.

London C 12:22 GMT February 26, 2009
EUR/USD range forecast for the NY session start until today’s close

1.2690-1.2815

BA mades 12:20 GMT February 26, 2009
EUR/USD range forecast for the NY session start until today’s close

1.2810-1.2650

Singapore Sam 12:19 GMT February 26, 2009
EUR/USD range forecast for the NY session start until today’s close

IMO, range of 1.2776 to 1.2670 throughout NY session

eu kaprikorn 12:15 GMT February 26, 2009
breakout

another interesting point is the doji / hammer/ hanging man candles on the 4hour chart -- indecision and rejection followed by failure - taking the long crowd by surprise....

let's see if I get it wrong or my stop above the high 98 will cancel my short side speculation as I changed my mind..

Munich peter 12:10 GMT February 26, 2009
EUR/USD range forecast for the NY session start until today’s close

1.2735 - 1.2890 after trying downside, new try upside

Livingston nh 12:08 GMT February 26, 2009
EUR/USD range forecast for the NY session start until today’s close

Hi=1.2840 Lo=1.2630 -- still rangebound under declining 21dma

eu kaprikorn 12:07 GMT February 26, 2009
usdjpy / breakout
Reply   
Mades///
yes I/m logically looking at both possibilities...

98.59 is R2 -- but also there is this possibility that the crowd is also trying to long and a fast move down will take many people by surprise...

so I actually think you r idea of waiting of the range to break as - in sucha cases most probable pattern it will swing to both ends of the range and then take the least resistance road.. -- which inevitably will be a correction down - but certainly important is where the HIGH will be set..

Perth WTR 12:05 GMT February 26, 2009
EUR/USD range forecast for the NY session start until today’s close

euro is somewhat bullish here having maintained the level near the top of day range, could have seen the bottom so range would be 1.2670-1.2990

Blore RKG 12:05 GMT February 26, 2009
EUR/USD range forecast for the NY session start until today’s close

1.2710 - 1.2930

GVI Forex Jay 12:02 GMT February 26, 2009
EUR/USD range forecast for the NY session start until today’s close

1.2695-1.2840

I underestimated the downside risk over the past few sessions although a view that the 1.2663 low for this week would hold is still valid. This is not a bullish view but more of a consolidation/range view as focus is mainly on euro crosses.

U.K. J.B. 12:01 GMT February 26, 2009
EUR/USD range forecast for the NY session start until today’s close

1.2785-1.2665

BA mades 12:00 GMT February 26, 2009
breakout

What about being short with SR order above the barrier (~98.1) and SL around 97.6 ? That way you have both directions covered.

Or wait for range breakout 97.6-98.05.

GVI Forex Jay 11:56 GMT February 26, 2009
EUR/USD range forecast for the NY session start until today’s close
Reply   

Entry: EUR/USD range forecast for the NY session start until today’s close Target: Stop:

This is a live poll. Please continue to participate. This is a good chance for those (many) who just watch to post on our forums. The more who participate, the better the poll.

Post your forecast for the EUR/USD range for the NY session start until today’s close and a line for your rationale.

Click on reply to post your forecast and keep it in the same thread


eu kaprikorn 11:52 GMT February 26, 2009
breakout
Reply   
Buy USDJPY
Entry: 98.00 Target: 98.61 Stop: 97.77

to me the setup is familiar with an explosive move thru the barrier..

Syd 11:52 GMT February 26, 2009
Dollar-Yen Could Hit 100 Next Week
Reply   
Markets are more focused on economic fundamentals now that interest rates are moving to almost zero in major economies , says Jeffrey Halley, senior manager of FX trading at censored Capital Marketshttp://www.cnbc.com/id/15840232?video=1046113258&play=1

Gen dk 11:29 GMT February 26, 2009 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

London C 11:25 GMT February 26, 2009
usdjpy

High trade was 98.01

eu kaprikorn 11:21 GMT February 26, 2009
usdjpy
Reply   
wonder who's sitting at 97.99 - the high rejects to the point..

maybe a barrier or a big option seller - but then again if this point is breached logically a lot of stops will get hit..

US SW 10:47 GMT February 26, 2009
1 FUTURE Emini
Reply   
Buy
Entry: sp500 Target: 900 Stop: 1CONTRACT

AND djia REVERSE 6950

moscow mike 10:25 GMT February 26, 2009
EQUITIES

U.K. J.B. 10:14 GMT February 26, 2009

Good day John!

I do agree with you about e/u and g/u. Same story about u/j. Even when some techs show obvious toppish patterns then sellers boat becomes too heavy... lots should be shaken off before the fact.

GT

London MM 10:24 GMT February 26, 2009
euro

Sorry.messed up the post as chart did not upload. However, if you overlay DAX on FTSE charts you will notice that in 1997 the DAX took off and was running above FTSE. In 2003 they converged and then the DAX took off again.They converged again in October 2008, and in late Feb 09 the DAX moved below FTSE.

singapore td 10:17 GMT February 26, 2009
euro
Reply   
with euro above 1.2780, i think we have seen euro's low for today,those shorts established earlier must all be stopped out now

move stop loss to BE for euro long earlier

GENEVA DS 10:16 GMT February 26, 2009
EQUITIES

J.B.
Entry: Target: Stop:

Tks J.B... lets hope for some swings here... do agree with your gameplan.... we are also looking to buy aud-chf and NZD-chf on dips here... gt

U.K. J.B. 10:14 GMT February 26, 2009
EQUITIES

Good day Geneva, well the classic move again today , not many euro bulls or stg bulls for that matter so we move higher, probably after the better RBS performance. I like to play the crosses in this very uncertain market, but i am fairly square at the moment going into the month end. Euro with a 1.26 handle stg with a 1.41 handle would be buys for me. Euro/chf 1.47 handle also a buy GT

London MM 10:10 GMT February 26, 2009
EQUITIES

Check the chart to see convergence.

London MM 10:06 GMT February 26, 2009
EQUITIES

GENEVA DS 09:57 GMT February 26, 2009
EQUITIES

J.B.
Entry: Target: Stop:

Hi J.B. thanks for your always very welcome comments. Do completely agree ,,, market is divided on outcome with EURO... where would you have your points on downside or upside in eurusd ? tks

Syd 09:40 GMT February 26, 2009
GBP In No Position To Benefit From Stocks Bounce
Reply   
GBP/USD slipped below 1.42 overnight, and does not appear to be in a position to draw strength from a bank-led bounce in equities on the back of the RBS results, says Kenneth Broux at Lloyds Banking Group. Adds Bank of England governor Mervyn King tops the agenda Thursday, and his comments to the Treasury Select Committee could be market moving for sterling and gilts as the markets look for comments about quantitative easing and clues ahead of next week's monetary policy committee meeting.

Tonbridge AL 09:39 GMT February 26, 2009
EQUITIES

FTSE/DAX relationship is +/- 1500 points. Flat to each other is mid range

Syd 09:38 GMT February 26, 2009
euro
Reply   
Euro vs US Dollar Dealer taking note of comments from former Bundesbank President Pohl
- Pohl was in charge of the German Central Bank from 1980 through 1991. In an interview with UK media, he warned that the euro was under serious threat to survive the current crisis.
- Pohl believed countries like Ireland and Greece are in danger of defaulting on their obligations and admitted the euro was under intense pressure and heavily indebted countries could be forced out of the single currency.
- Pohl did note it could be very expensive for any country considering the possibility of leaving the Euro-Zone commenting that the exchange rate could go down, 50 or 60% and then interest rates would go sky high because the markets would lose all confidence.


London MM 09:32 GMT February 26, 2009
EQUITIES

Interesting to note that the FTSE is trading at a smilar price to the DAX, whereas historically the DAX was usually 9-10% higher than the FTSE.

U.K. J.B. 09:32 GMT February 26, 2009
EQUITIES

Hi London Gooner, i must say the Forex market is so well divided at the moment. Strong reasons for the euro to break up and down. So we could be in for some very interesting moves ...strap yourself in

London Gooner 09:07 GMT February 26, 2009
EQUITIES
Reply   
Quite a few European Stock Indices (CAC, DAX, FTSE, BEL...)
have not yet tested their respective 2002/3 support levels
while US have. This indicates to me we have not seen bottoming yet and EUR will eventually reach sub 1.2300 levels
with a return of Yen strengh across the board.
Corrective rallies would offer good r/r to sell for mid term players.

singapore td 09:05 GMT February 26, 2009
buy euro
Reply   
watchout, euro is ready to take off, those wishing for lower levels might have to pay a big price

BA mades 09:01 GMT February 26, 2009
eur/usd
Reply   
Please note the 1.2760 s/r line. It might cap the today's up move, with 1.2768 daily Pivot and current day high as additional resistance. Support sofar 38.2% secondary fib at 1.2696. Also nice breakout or S/R possibility.

atlantis MS 09:00 GMT February 26, 2009
European single currency
Reply   
One of Europe's most respected former central bankers has told Sky News there is a serious threat to the survival of the European single currency

Karl Otto Pohl, president of the German Bundesbank from 1980 to 1991, gave the warning in an exclusive interview with Sky's Jeff Randall.

He said countries such as Ireland and Greece are in danger of defaulting on their obligations to the Euro zone.

He admitted the Euro was under intense pressure and heavily indebted countries could be forced out of the single currency.

"I think there are countries considering the possibility. It would be very expensive," he said.

"The exchange rate would go down, 50 or 60% and then interest rates would go sky high because the markets would lose all confidence."

Blore RKG 08:45 GMT February 26, 2009
usd/jpy

Mades - nice observation.

i reckon this being a flat with a 3-3-5 formation. The double bottom in Dec/Jan have completed 'a' and 'b' legs of this flat correction. 1.618 times of 'a' comes near 99.20 and that should ideally cap for a strong down move. rgds

Hong Kong Qindex 08:18 GMT February 26, 2009
QIndex Trading System

EUR/USD : The market is trading around 1.2682 - 1.2764 in the Asian session and I am expected the market to test the supporting strength of 1.2598 in the London session.

BA mades 08:17 GMT February 26, 2009
usd/jpy
Reply   
Interesting price action today. Price did a new high in asian session but much less pips than previous days and has stalled for more than 5 hours at around 98.00 which is both daily R1 and monthly R2. I am expecting either a very strong breakout or very strong pullback. In both cases i expect the 50% fib to be attacked, in extreme case 61.8% at 101.66. Nice opportunity for breakout traders, the support line is 97.67.

London Gooner 08:15 GMT February 26, 2009
GBPUSD heading downward
Reply   
Keeping with the bearish tone on cable. Sell bounces for test
below 1.4000

Jerusalem ML 07:38 GMT February 26, 2009
tgt 900 by monday
Reply   
GOLD
Entry: Target: Stop:

Let s see

900 on gold by March

Hong Kong Qindex 07:37 GMT February 26, 2009
QIndex Trading System

USD/JPY
Entry: Target: Stop:

USD/JPY: As shown in the monthly cycle charts the market is now trading within the extreme of the projected profile. The market upward momentum is strong and it has potential to tackle the monthly cycle matrix at 99.27 - 103.43 - 108.65. We have to review the market movement of USD/JPY after this Friday.

GENEVA DS 07:31 GMT February 26, 2009
CONGRATULATIONS
Reply   
GRAZ
Entry: Target: Stop:

GRAZ 13:22 GMT February 13, 2009
EUR/JPY: Reply
Buy EUR/JPY
Entry: 116-117 Target: average entry + 800 pips Stop: 114.50


Hi Graz.... BIG CONGRATULATIONS !! you got this one ONCE AGAIN perfectely right...good job... any new such swing ideas now ? or do you expect EURO to rise even more against JPY ? have an excellent day

Como Perrie 07:24 GMT February 26, 2009
Europia Banks too big to fail and too big to save?
Reply   
The key problem in US is that the largest European banks

have become not only too big to fail but also too big to be saved. For example, the total liabilities of Deutsche Bank (leverage ratio over 50!) amount to around 2,000
billion euro, (more than Fannie Mai) or over 80 % of the GDP of Germany.

This is simply too much for the Bundesbank or even the German state to contemplate, given that the German budget is bound by the rules of the Stability pact and the German government cannot order (unlike the US Treasury) its central bank to
issue more currency. The total liabilities of Barclays of around 1,300 billion pounds (leverage ratio over 60!) surpasses Britain’s GDP. Fortis bank, which has been in the news recently, has a leverage ratio of ‘only’ 33, but its liabilities are several times larger than the GDP of its home country (Belgium).

US SW 07:18 GMT February 26, 2009
eurjpy
Reply   

Entry: 12450 Target: 127oo Stop: 12407

cheersszzzz

Como Perrie 07:14 GMT February 26, 2009
The Gulasch Crisis and the AIG default
Reply   
AIG’s impact on European bank’s regulatory capital (an example of karakiri managment appliable to Eastern Europe in larger ratios as per Government Debt to External Debt and the rush to control more ample market sizes without safe fundamental conditions )

But the AIG case shows the importance of another link across financial markets, namely massive circumvention of regulatory requirements. The K-10 annex of AIG’s last annual report reveals that AIG had written coverage for over US$ 300
billion of credit insurance for European banks. The comment by AIG itself on these positions is:

“…. for the purpose of providing them {European Banks} with regulatory capital relief rather than risk mitigation in exchange for a minimum guaranteed fee”.

Thus, a formal default of AIG would have exposed European banks’ large gap of regulatory capital, with possibly devastating effects on their ratings and market confidence. Which explains why AIG’s problems had sent shock waves through the share prices of European banks. Thus, the US Treasury has saved, inter alia, the European banking system. However, as AIG is to be liquidated, European banks will have to quickly shore up their regulatory capital.

The extent of regulatory arbitrage can also be seen in the very large gap between overall leverage ratios and the official, regulatory ratios. The dozen largest European banks have now on average an overall leverage ratio (shareholder equity
to total assets) of 35, compared to less than 20 for the largest US banks. But at the same time most large European banks also report regulatory leverage ratios of close to 10. Part of the difference is explained by the fact that the massive in-house
investment banking operations of European banks are not subject to any regulatory capital requirement. Another part of the explanation must the regulatory arbitrage, for example though the credit insurance offered for example by AIG.

Syd 06:57 GMT February 26, 2009
FX
Reply   
5000 jobs go as crisis bites
Thousands of Australians will be wiped from companies' payrolls as the economic downturn continues to bite and expectations of corporate growth wane.

In the past two days alone, three announcements of large-scale cut-backs have left more than 5000 people facing the prospect of unemployment - and prompted a senior government figure to say that no Australian job is safe.
http://business.smh.com.au/business/5000-jobs-go-as-crisis-bites-20090226-8ioh.html

Property developers post $5.25b losses
Australian property developers Westfield Group, Centro Properties Group and Lend Lease Corp. reported $5.25 billion in losses today as the global recession wiped billions off the value of assets and retail sales plunged.

Australia's Treasurer Swan: Q4 CAPEX data stronger than expected, business investment still expected to decline

singapore td 06:47 GMT February 26, 2009
euro
Reply   
well, it is not so easy bringing down euro, is it? soon the tide will change if it is not going down, then it is going up

GENEVA DS 06:45 GMT February 26, 2009
CHANGE OF CEO
Reply   
UBS
Entry: Target: Stop:

UBS just announced change of CEO as of immediate... Mr. Oswald Gruebel (EX CEO from Credit Suisse...) takes over seat of Mr. Marcel Rohner.... Swiss Radio 0740 local time

Syd 06:24 GMT February 26, 2009
US May Break up AIG to Keep It Afloat
Reply   
American International Group and U.S. authorities are in advanced discussions over a radical restructuring that would split the insurer into at least three government-controlled divisions in an attempt to keep it afloat, the Financial Times reported on its website, citing people close to the situation
A spokesman for AIG was not immediately available for comment

Bloomington UI 06:20 GMT February 26, 2009
qindex's yen analysis
Reply   
Sell usdjpy
Entry: Target: Stop:

Doctor Qindex. I would very much like to see your analysis on the usdjpy if you feel like throwing us mortals a bone.

Bloomington UI 06:14 GMT February 26, 2009
HISTORY REPEATING

Sell usdjpy
Entry: 98.90 Target: Stop:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aHi8lhqOY2.4&refer=home

And I thought I was alone in my views on this pair. :)

Maybe grand master Jay would start a poll about whether traders think 100 will hold.

Bilad KaL 04:40 GMT February 26, 2009
EURUSD
Reply   
Expiry date 6.44 Days
Friday, March 06, 2009 Risk ______ 2.2%
___________ Short _____ Long
Entry _________ 1.3250 1.2264




Profit Take _____ 1.2935 1.2471

Stop Loss _____ 1.3407 1.2108


Monthly 1.4626 1.1318
Weekly 1.3432 1.1886
Daily 1.3001 1.2441

Expected in a Month 1.2220
Fair Value Now 1.30

singapore td 03:59 GMT February 26, 2009
eurusd

sentiment has been too bearish on euro, time for a break to upside IMHO

US SW 03:34 GMT February 26, 2009
eurusd
Reply   
Sell
Entry: 12729 Target: 12634 Stop: 12819

hoping for the pair to breakdown soon I hope!

US SW 03:21 GMT February 26, 2009
eurjpy
Reply   
Buy
Entry: Target: 119oo Stop:

to me i crouded but seem the moomentum is headed to 12700 on the Top side....

US SW 03:16 GMT February 26, 2009
Sell EUR.

Sell
Entry: Target: Stop:

heard SW wasn't a awsome but his trading advice made ivestors billions don't buy the euro or eurusd over 117oo and suck the bottom of the pond...being the Catfish in the Euro Land has and will pay off when there is a recovery as well as the Yen weaker against the Green Back..it all Time Management for the Game players and time for investors

SG Awesome Trader 03:09 GMT February 26, 2009
Sell EUR.
Reply   
Sell EUR/USD
Entry: Target: Stop:

Upside is limited... Downside is unlimited. Fundamentally, EUR/USD should go to 1.20.

Watch out for USD power up...

US SW 03:02 GMT February 26, 2009
DJIA or SSO AND QLD or SP500 yeilders
Reply   
Buy
Entry: 7265 Target: 14ooo Stop: none

shorts running out of ammo

US SW 02:59 GMT February 26, 2009
usdjpy
Reply   
Sell
Entry: Target: 120oo Stop:

price doesn't really matter here as long as stops are in the book work....this trade seems a little crouted here but seem like a premium has been worked in for the benchmark trader or retal...though all no that were going through quanitative easing therefore...price is hard to judge here when the market is bouning against the shorts

Quito Valdez 02:34 GMT February 26, 2009
milti-strategies

addendum: I have no hard opinions on other cncy pairs..they are in limbo waiting for something to move them. Due to market whim I can't even venture a guess on pairs I have not discussed today. I haven't posted lately because I have had no strong opinion on moves of cncys...mkt is too whimsical for me to play much anymore but possibly now is the chance once the first of year crazyness seems to be turning into actual moves...that seems to be the case each March as Jan-Feb zigzag smooths out. GL GT... bobl, how ya doin?

Quito Valdez 02:28 GMT February 26, 2009
milti-strategies
Reply   
Pure technicals - no fundamentals, using only daily charts:
EUR/AUD breakout mode..boxed into pennant..if no drop to 1.9310 (or a bit lower if you work with trend lines) then see a north move. Put a long order @ 1.9310 -&- a short order @ 1.9240 - see which hits. Don't place a position yet..let the autopilot order tactic do it's job. One play doesn't conflict w/other so that's good shotgun strategy. Keep stops accomodating to static & market chop so as not to stop out, then regret setting stops close.

EUR/JPY is at or near resistance so shorting seems OK, set target 1.13xx

USD/JPY fiercely long recently but keeping trend from mid Jan. as Japan's exports/econ/banks/jobs weakening - BOJ no more ammo for rate cuts. I suspect JPY will weaken vs USD, CHF & as trend shows, also GBP is eating Yen. Quite a drop in Yen since last summer, eh?

USD/CAD like EUR/AUD approaching "showtime" - another pennant formation of constricted range. I've no idea what to expect..a break N or S. Anyone feel like offering strategy? If you gamble, place long order @1.2690 + a short order @ 1.2280 & tp set on each or half of each at 120-150 pips or more.

Cable at offer if lower than 1.3990..showing me there's still faith in USD vs european cncys, despite enormous U.S. debt incurred in bailouts, stimulus, + wanton printing of USD out of thin air. Evidently mkt still has faith in USD even tho less than 1 cent/USD is backed by precious metal reserves. In times like these grabbing for straws is in vogue hence faith in thin air. Anything above 1.5050 and I suspect north trend. But this is sort of unlikely given USD maintaining strength across the board.

Many feel an entirely new monitary system is in the works and the date isn't an "if" it's a "when".

Au & Ag in my view will strengthen - safe housing increases -confusion of where to put capital..certainly not equities, certainly not most banks (oh, I forgot..US banks nationalized soon..hehe, Banco de Uncle Sam's thin air cncy?? FDIC may be nearly to limit or why else nationalize banks...humm...), not in realestate unless you bring your lunch..it'll take a while to recoup a realestate venture i.e. sell to whom? Some alien with a gold mine on Planet X? ...so where do you put capital? Precious metals. Not other metals such as copper, tin, iron, or any metal (maybe lead, copper & pigiron if world war starts!)...decreasing demand weakens metal commodity prices. It's times like these when I hate to have capital! But do.

Historically world war evolves out of depressions & fierce recessions. Go figure.

What is not worked into the equation is a huge terrorist dirty bomb multiprong attack or other multi prong formidable threat to any industrial nation(s). And so far another thing not worked into trading is the eventual STOPAGE of funds allocation to bailouts & stimulus packages..there has to be a limit before the whole house of cards falls. If that limit is exceeded by CBs & I fear it may be at some time as bailouts and stimulus packages fail to do anything significant, then it's anyone's guess who lives, who starves, who doesn't...speaking of entire national economies...not some poor sap with no rice.

Adios amigos, Chuck

Hong Kong Qindex 02:25 GMT February 26, 2009
QIndex Trading System

EUR/USD : As show in the monthly cycle charts the market is under pressure when it is below 1.2781. The market is likely to settle within 1.2574 - 1.2661 - 1.2781 on Friday in the New York session. If the market downward trending momentum is strong enough to penetrate through 1.2500, then I would keep an eye on the next set of projected chart points at 1.2285 - 1.2360 - 1.2574.

singapore td 02:24 GMT February 26, 2009
buy euro
Reply   
Buy euro
Entry: 1.2723 Target: 1.3060 Stop: 1.2610

i think downside is limited, better bet on the upside

Hong Kong Qindex 02:04 GMT February 26, 2009
QIndex Trading System

EUR/USD
Entry: Target: Stop:

EUR/USD : We are approaching the end of Feb and the end of this week. The market movement could be very volatile in the next 48 hours. If the market can trade below 1.2632, there is a chance that it will tackle the next weekly cycle matrix at 1.2207 - 1.2342 - 1.2575. Therefore one can open your targeting level and protect the gain with a trailing stop.

Hong Kong Qindex 01:56 GMT February 26, 2009
QIndex Trading System

EUR/USD
Entry: Target: Stop:

EUR/USD : The daily cycle projected series from Feb 24 indicates that the market is trading within two projected chart points, 1.2619* - 1.2777*.


... 1.2619* - 1.2658 - [1.2698] - 1.2738 - 1.2777* ...


The current daily cycle projected series will be generated later today.

Hong Kong Qindex 01:53 GMT February 26, 2009
QIndex Trading System

EUR/USD
Entry: Target: Stop:

EUR/USD : the weekly cycle charts suggest that the market will vibrate around 1.2682 with an expected magnitude of 1.2601 - 1.2763.

Hong Kong Qindex 01:51 GMT February 26, 2009
QIndex Trading System

Sell EUR/USD
Entry: Target: Stop:

EUR/JPY : A projected resistant range have been established at 124.86 - 125.07. EUR/USD : The current expected trading range from my 22-day cycle is 1.2630 - 1.2810. The odds are good that the market will trade within 1.2598 - 1.2682 within the next 48 hours.

USA BAY 01:38 GMT February 26, 2009
QIndex Trading System

HONG KONG QINDEX

HI DR Q, Just one doubt, eur/jpy seems heading higher, so is there any possibility that eur/usd could be pushed higher by this e/j pair. Tia

Hong Kong Qindex 01:33 GMT February 26, 2009
QIndex Trading System

Perth WTR 22:50 GMT - Thank you for your kind words.

singapore rs 01:14 GMT February 26, 2009
sell euro
Reply   
Sell euro
Entry: 1.2750 Target: 1.2670 Stop: 1.2790

asia might try to prop euro up to be sold later

Syd 00:44 GMT February 26, 2009
.
Reply   
WSJ: Citigroup Closing In On Agreement To Boost The Federal Government's Stake To As Much As 40%, Sources

CBI: Says UK service sector losing jobs at fastest pace in over 10 yrs

 




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