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Forex Forum Archive for 03/1/2010

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LA BV 23:51 GMT March 1, 2010
eurchf

I am still carrying a long eurchf 1.4628 position from yesterday. Maybe the SNB gives it a nudge if euro finds its legs.

GVI Forex Jay 23:40 GMT March 1, 2010
multi-currency fx world
Reply   
I posted this on GVI Forex and thought it was worth reposting here:

GVI Forex Jay 22:41 GMT March 1, 2010
multi-currency fx world: Reply
I didn't have time to post this earlier in the heat of batlle but thought I would be useful to post it as a post mortem.

The EUR/USD sub-1.35 test is worth noting from a few perspectives:
1) It held above the 1.3444 low
2) It has yet to close below 1.35 despite its soggy tone
3) Multi-currency aspect of today's trading

Multi-currency aspect:
Earlier EUR/USD was held up by offsets from a firmer EUR/GBP although it finally succumbed to the freefall in GBP/USD and was pulled lower in sympathy. However, it did not come under real pressure until EUR/GBP staged a sharp correction and offset selling hit the EUR/USD. This saw the EUR/USD fall to a 1.3461 low as EUR/GBP retreated.

The question was then which currency pair would move once EUR/GBP found support (which it did above .90) => EUR/USD higher (since the 1.3444 low was not tested) and sub-1.35 was not sustained, GBP/USD lower or a combination of the two. In this case it was EUR/USD which rebounded as EUR/GBP bounced from its retracement low as GBP/USD selling had exhausted itself.

There were other multi-currency flows that contributed to the EUR/USD bounce, such as EUR/JPY, which bounced off its low as US stocks firmed.

This is often simple algebra, such as EURUSD/GBPUSD = EURGBP. If you can pick out the cross flow that is driving the market, then you can have an edge in seeing where flows in the spot market are coming from and what the possible outcomes are once the cross move runs out of steam.

I know this is a simplistic approach but sometimes simple is better.

Comments welcomed.

GVI Forex Blog 23:32 GMT March 1, 2010 Reply   

Improving Economy Pushes March S&P through Resistance

GVI Forex Blog 23:27 GMT March 1, 2010 Reply   

Euro Falls as Uncertainty remains over Greek Bailout Package

GVI Forex Blog 22:54 GMT March 1, 2010 Reply   
Canada's currency soared against the U.S. dollar on Monday, while government bonds fell after data showed Canada's fourth-quarter economic growth beat estimates, raising the possibility that the Bank of Canada could raise interest rates sooner than it had planned.

Forex Market News - CANADA FX DEBT-C$ rises in GDP data afterglow, bond yields up

sofia kaprikorn 22:48 GMT March 1, 2010
USD/JPY -- double bottom

sofia kaprikorn 20:56 GMT March 1, 2010
now that my position that I bought at 89.18/41 is underwater I start asking myself questions:

........

I set the stop at 88.72 - if it survives I will add again at 89.54 - the break of the previous highs (89.50/47) will confirm a reversal..

Chicago sc 22:38 GMT March 1, 2010
EUR/USD
Reply   
Buy EURUSD
Entry: 1.3520 Target: 1.3630 Stop: 1.3485

Correction?

Syd 22:23 GMT March 1, 2010
Greed & Fear
Reply   
An outlook on global equities, with Christopher Wood, author of "Greed & Fear" newsletter.
LINK
Pound falls to 10-month low as election uncertainty takes holdAn assault on the pound by hedge funds and the increasing prospects of a hung parliament has sent sterling to its sharpest intra-day fall in more than a year.

The Beginnings Of Sterling's Collapse - censored
Monday has seen what can justifiably be called the beginnings of sterling's collapse, says Nick Beecroft, Senior Foreign Exchange Consultant at censored Bank. While market the was harboring some hope that the next government would be a fiscally prudent, business friendly Conservative one that would act swiftly to reduce the UK deficit and borrowing mountains, sterling held its own against the euro. Beecroft says the weekend UK polls predicting a Labour Government ruling over a hung Parliament put paid to that dream and Monday the dam has burst. EUR/GBP soared to 0.9148 from 0.8968 and GBP/USD went into freefall printing a fresh 10-month low of 1.4785 from the day's high of 1.5203. Beecroft looks for GBP/USD to test 1.40 within a month as the global landscape turns even uglier on the back of deflation and sovereign debt concerns, with a continuing flight to the dollar taking the pound below $1.20 by the summer.

Lahore FM 22:20 GMT March 1, 2010
Trade Ideas

Buy EURUSD
Entry: 1.3564 Target: 1.4120 Stop: 1.3534

added a 2nd tight stop long to earlier position now.

Syd 22:11 GMT March 1, 2010
Forex Market Risk Factors
Reply   
Discussing how currency investors should approach uncertainty in Europe and a shaky recovery in the United States, with Stephen Gallo, Schneider Foreign Exchange and Michael Woolfolk, BNY Mellon.
LINK

sofia kaprikorn 21:55 GMT March 1, 2010
USD/JPY -- double bottom

the other thing that is interesting how to adapt to change in the process..

during 2005-2008 the carry trade was prevalent - then the 2009 risk on/off and S&P/Eur correlation was tight

now if we see new high in S&P today that would mean JPY crosse will get a boost and USD/JPY will move higher - so in this sense it looks a good buy..

21-DMA at 90.15 and 55-DMA at 90.69 are flat in the middle of the Daily range 92 -- 89..that means too that we are trading this range until proven otherwise by a confirmed breakout..

technically however all RSI, DMI, MACD on Daily and Weekly charts seem to be quite bearish .. now if contrarian thinking is the smart way one should do the unexpected if all look at the same charts and make the same bet then that overconfident party will become vulnerable...

short term however that reversal on 4-h to hourly doesn't look good for a long side.

Syd 21:54 GMT March 1, 2010
The U.S. dollar is still somewhat overvalued while the Chinese renminbi is substantially undervalued
Reply   
IMF: Dollar “somewhat overvalued”, EUR closer to fundamental value IMF report to the G20 says the dollar is still somewhat overvalued while the depreciation of the euro has moved it closer to its fundamental value. The JPY is broadly in-line with its fundamental value, the Fund says.
http://www.reuters.com/article/idUSN01
11635320100301?type=usDollarRpt

GVI Forex Blog 21:49 GMT March 1, 2010 Reply   
The sell-off in GBP today is nothing short of eye popping. While the casual causality displayed in the financial press in explaining the dive in the pound and rise in Gilt yields was predictable.; weekend polls showing a dead heat between Labour and the Conservatives (hung parliament) and a M&A deal

Forex Blog - UK Credit Repricing Overdue

GVI Forex Blog 21:17 GMT March 1, 2010 Reply   
Fed's Kohn steps down GBP much lower on potential political gridlock More BoJ vs gov't sparring

Forex Market Commentary and Analysis (1 March 2010)

sofia kaprikorn 20:56 GMT March 1, 2010
USD/JPY -- double bottom

now that my position that I bought at 89.18/41 is underwater I start asking myself questions:

1. was I wrong to enter positions with the idea at the back of my mind that wasn't originally mine?

2. if somebody else sees value and I don't isn't it better first to try to ask and identify the method of relative assessment of value so I can understand the rationale before I enter a position?

3. am I not wrong in trying to trade longer time frames with inadequate equity or am I too jumpy and I leveraged too much too fast so now I'm not comfortable with 30 pip correction

4. technically we are ranging 89.40 - 88.90 - so here at 89 we are at the bottom but if we break lower we go in direction of the weekly trend down... which is now with the quantitative projections of the other authority around - Doctor QIndex...

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

while contemplating and asking myself did I do just another mistake and why I'm not learning finally I closed 1/3 at 89.03 to stop partially the pain of loss ..

GVI Forex Blog 20:50 GMT March 1, 2010 Reply   
21:00 GMT- Mar 1 (global-view.com) Monday was a very interesting trading session with the GBP falling out of bed early following word that the U.K. version of Prudential had agreed to pay $35bln to buy the AIA, the Asian component of AIG

Daily GVI Forex Forex View- An Interesting Session

GVI Forex john 20:48 GMT March 1, 2010
GVI Forex Trading Support


The Daily Forex View

An Interesting Session

21:00 GMT- Mar 1 (global-view.com)  Monday was a very interesting trading session with the GBP falling out of bed early following word that the U.K. version of Prudential had agreed to pay $35bln to buy the AIA, the Asian component of AIG

MORE...

Syd 20:11 GMT March 1, 2010
Greece Now, U.K. Next as Scots Ready for Pound Plunge
Reply   
The pound may come under further pressure with the Bank of England resuming its quantitative-easing program, a process of injecting new money into the economy, within the next three to four months, Bathgate said.“My strong view is the government is trying to create inflation and devalue the currency.” http://www.bloomberg.com/apps/news?pid=20601087&sid=aJhONJ3Sdkqw&pos=6

GVI Forex Blog 20:06 GMT March 1, 2010 Reply   
The GBP/USD had a 150% projection target near 1.49, as can be seen in the daily chart. The market came out of the gates bearish on the GBP/USD and pushed it to the 61.8% retracement as we can see in..

FXTimes: Daily Technical Update GBP/USD May Decline Pass Previous Projection

GVI Forex Blog 20:03 GMT March 1, 2010 Reply   
…The 87.00 target could still be viable if the market stays below 90.00 area. This is also where the pair is likely to meet both 50, and 200 SMAs. # Topping action near 90.00 and bearish signal...

FXTimes: Daily Technical Update USD/JPY Consolidating

GVI Forex Blog 19:23 GMT March 1, 2010 Reply   
US equities rallied from the open, the S&P500 up 0.9%, the market selectively focusing on stronger consumer spending data and AIG's successful sale of its Asian unit for $36b to Prudential. US data provided mixed signals on the economy

Forex Research - Morning Report

Belgrade AS 19:06 GMT March 1, 2010
Need Advice GBP-USD

no one knows what will be! remember your promisses....if you prayed to God to swing it back 200 pips and he did just that......survive today to fight tomorow!
signing off...gotta play with my kid before bedtime
see you all tomorow morning(euro-time)
cheers!

Lahore FM 19:02 GMT March 1, 2010
Trade Ideas

Lahore FM 16:19 GMT March 1, 2010
Trade Ideas: Reply
Buy EURUSD
Entry: 1.3513 Target: 1.37 and up Stop: 1.3455

--
1/3rd out now at 1.3553,stops to 1.3485 on 2/3rds.

Manchester 18:34 GMT March 1, 2010
Need Advice GBP-USD
Reply   
Buy GBPUSD
Entry: Target: Stop:

Hi everyone,

Need some advice from you guys. I made a huge mistake this morning by buying GBP-USD pair. My lost in the morning was about USD2200, now reduce to USD800. Should i leave it for a while or i should stop the lost now. Im lil bit worry it will go down again later..Need some advice from some experts here. Thanks very much

London SFH 18:09 GMT March 1, 2010
gbpusd

Nope ..not here amway bought cable and looking for 1.55 by end of week,,

Boston RS 17:53 GMT March 1, 2010
gbpusd
Reply   
Is anyone looking to sell gbpusd at 1.50?

Gen dk 16:40 GMT March 1, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

London ET 16:34 GMT March 1, 2010
correlations

Forex market appears to be finally paying some attention to firmer stocks

GVI Forex Blog 16:33 GMT March 1, 2010 Reply   
Sterling entered the New York session morning with market sentiment heavily skewed to the downside on continued weakness attributed to M&A flows from Prudential's purchase of AIG's AIA unit.

Forex Blog - US Market Update

sofia kaprikorn 16:26 GMT March 1, 2010
USD/JPY -- double bottom
Reply   
previous long at 89.35 was stopped 89.02..
....

entered new LONG USD/JPY at 89.18 and added 1/3 at 89.41

a bit too leveraged so will be deciding on stop levels in the process.

now that I saw U.K J.B's post of last week on buying value at 89 level I see how little equity is hard to play this way as short term money are taken by the greater in the food chain while they build longer term positions..

Lahore FM 16:19 GMT March 1, 2010
Trade Ideas

Buy EURUSD
Entry: 1.3513 Target: 1.37 and up Stop: 1.3455

bought again.

GVI Forex Blog 16:13 GMT March 1, 2010 Reply   
Mar 1 (global-view.com) UPCOMING DATA HIGHLIGHTS: On Tuesday, Japanese Household Spending and Unemployment data are due. In Australia, the Reserve Bank of Australia will announce its latest policy decision.

GVI Forex- Data Outlook for March 1, 2010

Bahrain BAH1 16:11 GMT March 1, 2010
CADJPY
Reply   
...
Entry: Target: Stop:

Hi All,
CADJPY: Good res. @ 85.80 86.10 might worth short there with tight stop. GL

EURJPY trade was flat. GL

Gen dk 16:09 GMT March 1, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

GVI Forex john 16:07 GMT March 1, 2010
GVI Forex Trading Support

Mar 1 (global-view.com) UPCOMING DATA HIGHLIGHTS: On Tuesday, Japanese Household Spending and Unemployment data are due. In Australia, the Reserve Bank of Australia will announce its latest policy decision. Opinions are split on whether they hike or not. Retail sales are awaited as well. Swiss GDP are due. Eurozone HICP and PPI data are slated. In North America, the Bank of Canada policy decision is awaited (seen unchanged). The U.S. will the latest API energy inventory data.

23:30

JA

Jan Hhld Spend yy

2.50%

2.10%

23:30

JA

Jan Unemploy

5.20%

5.10%

 

 

TUESDAY

 

 

0:30

AU

Jan Retail Sales

0.50%

-0.70%

3:30

AU

RBA (3.75%)

0.25

unch

6:45

CH

4Q GDP qq

0.40%

0.30%

6:45

CH

4Q GDP yy

-0.40%

-1.30%

10:00

EZ

JanHICP (flash) yy

1.00%

1.00%

10:00

EZ

JanPPI mm

0.60%

0.10%

10:00

EZ

Jan PPI yy

-1.10%

-2.90%

14:00

CA

BOC Rates (0.25%)

unch

unch

21:30

US

API Energy

n/a

n/a

Juffair KaL 16:07 GMT March 1, 2010
eurusd at 1.3470
Reply   
3 rd time visited
+ longer term Buy
I just do not like here
the reverse is very near

Lahore FM 15:58 GMT March 1, 2010
Trade Ideas

02/24/2010 21:38:05 FM Lahore 41

Buy OTHER
Entry: 85.54 Target: Stop: 84.50 tentative-non rigid
gone long for 114.50
--
cadjpy closed out for minus 10 at 85.44,keeping 83.94 and 84.76 1/2 remainder each for 114.40 target.

NYC ET 15:58 GMT March 1, 2010
correlations
Reply   
Not much to say about forex and stock market correlation today except to note total divergence

Lahore FM 15:51 GMT March 1, 2010
Trade Ideas

03/01/2010 13:59:12 FM Lahore 4

Buy EURUSD
Entry: 1.3529 Target: Stop: 1.3495
long here for a possible final basing before 1.40.
--
market made a short work of it for minus 34 pips.

Gen dk 15:51 GMT March 1, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

tokyo rana 15:50 GMT March 1, 2010
gbp
Reply   
any news came out?
gbp going up..
regards,

Lahore FM 15:48 GMT March 1, 2010
DownTrend Moving Average

Tut Bru 14:50 GMT March 1, 2010
DownTrend Moving Average : Reply
Sell EURUSD
Entry: 1.35474 Target: 1.34606 Stop:

EURUSD - declined to give exact details about what would be done to dampen speculation.
--
that was splendid trading Tut Bru!!

Lahore FM 15:46 GMT March 1, 2010
Trade Ideas

02/25/2010 07:12:54 FM Lahore 30

Buy OTHER
Entry: 84.76 Target: earlier targets Stop: later
added 84.76 to earlier long cadjpy.i had suspected the possibility of a trip to mid 84 that's why the stops for first position were tentative only.
--
half out at 85.24,stops to 84.00.

Hong Kong Qindex 15:44 GMT March 1, 2010
QIndex Trading System

Sell GBPUSD
Entry: Target: Stop:

GBP/USD : The odds are in favor of taking a short position when the market is below 1.4960. The market is going to consolidate within the weekly cycle matrix system at 1.4656 - 1.4759 - 1.4960.

HK c 15:44 GMT March 1, 2010
EURAUD

Can't ignore this. Taking half profits on short at 1.5025. Stop on balance still at 1.5080.

Wall Street 15:40 GMT March 1, 2010
EURUSD

CORRECTION: Neutrality 1.3527. Old eyes!

GVI Forex Blog 15:39 GMT March 1, 2010 Reply   
Price action on EUR/USD, a daily chart of which is shown, has formed yet another short-term consolidation within the context of a strong bearish trend that has been in place since early December.

Chart of the Day - 3/01/2010 – EUR/USD

NYC JM 15:38 GMT March 1, 2010
eurusd

FWIW Daily pivot point S2 is 1.3457

Wall Street 15:38 GMT March 1, 2010
EURUSD

Neutrality now 1.3627. According to our system, volatility ranges at these levels (+/- 70-80 pips) says this is NOT a move to fade. Need much smaller ranges for that!

nyc ws 15:32 GMT March 1, 2010
eurusd
Reply   
Turning ugly for the bottom feeders Brave souls buy against 1.3440-50?

HK c 15:21 GMT March 1, 2010
EURAUD

Dropping like a stone lowering my stop another 100pips to 1.5080.

Amsterdam Purk 15:21 GMT March 1, 2010
1. I have no glasses.
2. The software is in my brain, put there by my parants. Crooks in my software are nog good, they rob... like brokers f.e.

tokyo rana 15:16 GMT March 1, 2010
any view
Reply   
Buy
Entry: 124 to 130 Target: 138 to 143 Stop: open

any view about that if gbpjpy come to 129 to 130 long ok or not?
or down will go like125?
any view comment?
regards,

Mtl JP 15:14 GMT March 1, 2010
error #1: not putting on your glasses
error #2: using buggy software

GVI Forex john 15:07 GMT March 1, 2010
GVI Forex Trading Support



U.S. PMI weaker. EZ mfg PMI minor revision earlier today.

Belgrade AS 15:06 GMT March 1, 2010
Gold

Amsterdam Rasphuis Charming Peter 06:50 GMT November 20, 2009
Gold: Reply
Perhaps the best article ever written on gold

Gold
--------------------------------------
everything else is "noise"!!!
MUST READ!

Amsterdam Purk 15:00 GMT March 1, 2010
Ah more than one Crook, software says: not good at all.

Mtl JP 14:57 GMT March 1, 2010
Purk 14:52 in case you need glasses: that is Crooks

good luck trading.

ha noi 14:56 GMT March 1, 2010
more shorts

sell gu noe tp 1.4870

Richland QC Mailman 14:55 GMT March 1, 2010
more shorts

look at usd/cad... it broke 1.0500 support... then it shot up to 1.0575, breaking the CP of 1.0550, only to reverse down to break 1.0500 and register 1.0465.

This is a situation when a trader may be confused on what to do following some tender loving pivot points. A break out trader buying the break of the CP (bullish stance) would have been stopped out. Sad to say, this market is sometimes nothing but a gambling world.

Amsterdam Purk 14:52 GMT March 1, 2010
Jack Crook? My software says: no trust.

Juffair KaL 14:51 GMT March 1, 2010
more shorts

IMO
this 1.3300
is the lowest point for a very long time

seems 1.41 is next

GVI Forex john 14:50 GMT March 1, 2010
GVI Forex Trading Support

Buy
Entry: Target: Stop:

Small request. Please try to fit your trading ideas into the trading template on the post a message page. That way your ideas will stand out with the yellow background and use the reply link when answering.

Thanks to all and keep them coming !

Tut Bru 14:50 GMT March 1, 2010
DownTrend Moving Average
Reply   
Sell EURUSD
Entry: 1.35474 Target: 1.34606 Stop:

EURUSD - declined to give exact details about what would be done to dampen speculation.

GVI Forex Blog 14:45 GMT March 1, 2010 Reply   
I'm writing to try and treat your oedipal complex with gold. I mean the metal... First of all, I'd ask you to be open to recognizing that you may have a problem...

Pound pounded, Euro fading, and Reader mail

Belgrade AS 14:45 GMT March 1, 2010
more shorts

ohhh man...this "uber bear" is net-long in cable(from 1,48)...for the first time since last summer!!!!
wait for 1,53-1,55 zone and we'll take those suckers money together!!!....in this "zero win/dog eat dog" world commonly known as FX

Juffair KaL 14:37 GMT March 1, 2010
more shorts

here it comes
the biggest dive in cable
that will be in cnbc in 5 hrs
hehhehe
short it
what are waiting for?

Juffair KaL 14:30 GMT March 1, 2010
more shorts

gbpjpy
129.5

eurjpy 118
should start within an hour

GVI Forex futures 14:30 GMT March 1, 2010
GVI Forex Trading Support

Total Open Interest in the Euro FX futures contract ended at 202,046 on Friday, +3,329 on the day. Its anybody's guess if there was a slew of new longs put on net of short-covering. My guess it was mixed. Total open interest, nevertheless is just shy of a record level.

Juffair KaL 14:22 GMT March 1, 2010
more shorts

this is not a typical day
usdchf might see 1.1

eurusd 1.33
cable 1.4670

all today

Belgrade AS 14:12 GMT March 1, 2010
Trade Ideas

agree.will follow...pending orders bidding @1,3525
will not spam your thread with every change ...risk covering (1/2 out)@1,3600 , stops 1,3450
final target 1,40 area(of course!)
best of luck!

Lahore FM 13:59 GMT March 1, 2010
Trade Ideas

Buy EURUSD
Entry: 1.3529 Target: Stop: 1.3495

long here for a possible final basing before 1.40.

GVI Forex Blog 13:54 GMT March 1, 2010 Reply   

Stock Traders Ignoring Forex Markets; Risk Bet Seems to be on

GVI Forex Blog 13:54 GMT March 1, 2010 Reply   

GBP USD Plunges on Stronger Euro, Political Woes

GVI Forex john 13:50 GMT March 1, 2010
GVI Forex Trading Support



No inflation issues in the U.S...

GVI Forex john 13:47 GMT March 1, 2010
GVI Forex Trading Support



Earlier helped Asian bourses...

Lahore FM 13:34 GMT March 1, 2010
Trade Ideas

02/25/2010 13:36:51 FM Lahore 21

Buy OTHER
Entry: 83.94 Target: Stop: 83.20
long cadjpy final position 83.94,stops for this one only at 83.20
--
half out 84.94 for 100+,stops to entry.

Bahrain BAH1 13:34 GMT March 1, 2010
UK news
Reply   
UK pound drops on election fears
The pound has tumbled to a 10-month low as fears grow the UK will have a hung parliament in the upcoming election.
The currency fell 1.6% to drop below the $1.50 level against the dollar for the first time since May. It has lost 7% against the dollar this year.

The pound also fell against the euro and most other major currencies.
Separately, the world's biggest bond fund manager Pimco told the BBC he is concerned about UK government debt unless drastic action is taken.

According to a YouGov poll published in the Sunday Times, the Conservative lead over Labour has narrowed to two points - down from six points last week - the lowest in two years.

This could give Labour 317 seats, nine short of an overall majority, with the Tories on a total of 263 MPs.
A hung parliament - where no party has a majority - would make it harder to pass legislation and could hurt the nascent economic recovery.

Prime Minister Gordon Brown has to call a general election by June.
Buyer's remorse?
Pimco's head, Mohamed El-Erian, told the BBC the UK's creditors would become "significantly concerned" if the UK did not cut spending and grow quickly.

He also expressed concern over other European nations with troubled public finances - such as Greece and Spain.
Governments need companies such as Pimco to keep buying their debt.
If large bond buyers believe that governments will default on their debt or that they will keep falling in value, they will not buy the debt - further driving up the cost of borrowing for those countries.

The UK's total borrowing for the financial year now totals more than £122bn.
Mr El-Erian told the BBC World Service: "If the UK cannot combine higher growth with fiscal adjustment, then its debt dynamics will continue to deteriorate to a point where its creditors will become significantly concerned."

He added that there was only a "very small" chance that the UK would default on its debt.
Mr El-Erian previously was in charge of Harvard University's $30bn endowment fund.
Pimco - or the Pacific Investment Management Company - is based in California and has more than $1 trillion of assets under management. It is a unit of German insurance giant Allianz.

Story from BBC NEWS:
http://news.bbc.co.uk/go/pr/fr/-/1/hi/business/8543007.stm

Published: 2010/03/01 11:58:11 GMT

© BBC MMX

Lahore FM 13:25 GMT March 1, 2010
Trade Ideas

02/26/2010 16:48:06 FM Lahore 7
02/26/2010 01:48:12 FM Lahore 3
Lahore FM 22:01 GMT February 25, 2010
Trade Ideas: Reply
Buy EURUSD
Entry: 1.3549 Target: open Stop: 1.3500

long here
--
half out 1.3586 now,stops stay.
--
stops to 1.3570 now on remainder.
--
stopped on remainder at 1.3570 for a small gain.

Wall Street 13:22 GMT March 1, 2010
EURUSD
Reply   
Neutrality in the EURUSD now 1.3580. Well above current spot. Our volatility range in the pair is now on the very high side (+/- 70-80 pips).

London Chris 13:19 GMT March 1, 2010
gbpusd-diamond top?

As, well done and well explained

Belgrade AS 13:13 GMT March 1, 2010
gbpusd-diamond top?

yes Chris...all my trades are done in pairs or fours(trading units)...around target#1 i take 1/2 out + all monky plays(at market or inraday) and insted of "booking" my profits i plce them behind remaining units(2/2)
this helps in two ways...
1)looser stops give me greater "staying power" and more protection in volatile market conditions
2)in a situation where you have absolutely nothing to lose(risk covered),your fear=zero ...it's just you and your greed doing the best you can,you know?
hope i managed to explain of "risk covering"

Juffair KaL 13:10 GMT March 1, 2010
more shorts

audusd wants .92 area

London HC 13:09 GMT March 1, 2010
gbpusd-diamond top?

Mailman, I doubt anyone envisioned a 400+ pip move down in cable today.

Juffair KaL 13:00 GMT March 1, 2010
more shorts

other pairs are just frozen
looking at cable saying...what his problem?

Belgrade AS 12:58 GMT March 1, 2010
gbpusd-diamond top?

thanks Mailman.sorry to hear about your loses

Juffair KaL 12:55 GMT March 1, 2010
more shorts
Reply   
gbpnzd
gbpjpy
and gbpaud

gbp is messing with everyonemore

London Chris 12:52 GMT March 1, 2010
gbpusd-diamond top?

AS can you explain how you "have risk covered all the way back to 1,5950" tia

Bahrain BAH1 12:50 GMT March 1, 2010
Sell EURJPY break
Reply   
Sell EURJPY
Entry: 120.67 offer Target: 119.70 Stop: 121.10

Hi Frnds hope all fine with you....Cable big fireworks today....
Watch Stock market for next move on EURJPY....
This trade is based on lower stock market otherwaise stays flat. GL.

HK c 12:47 GMT March 1, 2010
EURAUD

ha noi - thanks for your ideas!

Belgrade AS 12:47 GMT March 1, 2010
gbpusd-diamond top?

too conservative to trade what i see Purk....for example,i see cable sub 1,35 by next summer...at the same time 3 shorts from1,57 have risk covered all the way back to 1,5950...with profits that are allready locked in,they add up to a high executive's 1 year pay (where i come from)..and that's the exact place where i exit my long-term games...
don't know fear/greed are screwing up my rationale at the moment.....
WOO-HOOO

http://www.youtube.com/watch?v=ApXvYPE5qAI

tokyo rana 12:46 GMT March 1, 2010
gbpjpy
Reply   
Sell GBPJPY
Entry: 146.5 Target: 124.7 Stop: open

today gbpjpy will make 130?
what will be good target 124 to 125 right or wrong?
any view? best regards,

tokyo rana 12:42 GMT March 1, 2010
gbpusd-diamond top?

gbpjpy gbpusd up side or down?
regards

makassar alimin 12:41 GMT March 1, 2010
gbpusd-diamond top?

we'll see more about it in a few hours, good luck!

singapore td 12:35 GMT March 1, 2010
gbpusd-diamond top?

no chance alimin, as long as usdchf is marching towards 1.10 and beyond i would not recommend going against usd

Hong Kong Qindex 12:33 GMT March 1, 2010
QIndex Trading System

Sell
Entry: Target: Stop:

GBP/AUD : The market is under pressure when it is trading below the daily cycle normal lower limits at 1.6681 - 1.6706 - 1.6723. Basically the market is trying to work on the barrier at 1.6231 //1.6630. Sell on rallies is the preferred trading strategy.

makassar alimin 12:33 GMT March 1, 2010
gbpusd-diamond top?

Mailman, surprise factor is a strong close above 1.5

ha noi 12:31 GMT March 1, 2010
EURAUD

I said going down 1.47 gu, gu from about 1.6

Richland QC Mailman 12:30 GMT March 1, 2010
gbpusd-diamond top?

Congrats AS. It is your day with your plan carried out patiently. Today I guess I was disoriented with some of the signals... Never expecting this very huge move. significant losses...

HK c 12:28 GMT March 1, 2010
EURAUD

Lowered my stop to 1.5180. So now I have a nice profit no matter what. Profit goal now 1.5000. Will try to ride this through the RBA decision.

Juffair KaL 12:25 GMT March 1, 2010
nzdusd

small short cable
I think wants more

Amsterdam Purk 12:23 GMT March 1, 2010
gbpusd-diamond top?

Well A.S. that is the way how it should be. Just trade what you see.

singapore td 12:20 GMT March 1, 2010
USD

yes Varna GV, tell me about it!
eur and aud will suffer as commods suffer, in the meantime, enjoy the gbp massacre

NYC JM 12:15 GMT March 1, 2010
gbpusd-diamond top?

JB. I agree about the M&A story being the main catalyst

Juffair KaL 12:14 GMT March 1, 2010
nzdusd
Reply   
nzdusd small long
for same high as today's

U.K. J.B. 12:12 GMT March 1, 2010
gbpusd-diamond top?

The usual stops going through triggered barriers at 1.5050 and 1.50 Week end press hung parliment and the UK Debt situation but the key was probably the M & A story with Pru buying AIG ,

Mtl JP 12:11 GMT March 1, 2010
QIndex Trading System

Qindex

Sell GBPJPY when 135.50 fails to hold.

Sell GBPJPY below the weekly cycle pivot center at 136.28. targeting 132.74 - 132.94 - 133.11.


Kudos !

Juffair KaL 12:09 GMT March 1, 2010
audusd
Reply   


AUDUSD I think not done yet
Long tgt new high
chart at 1 sigma

Richland QC Mailman 12:05 GMT March 1, 2010
gbpusd-diamond top?

Thought monday would just be a quiet day for gbp... Anyone who knows why this 400 pip movement is happening?

Belgrade AS 11:59 GMT March 1, 2010
gbpusd-diamond top?



wow!...few updates...
-1,5500 entries took [email protected],5000 (1500 pips cumulative profit locked in!)
-3 longs from 1.5000 activated(protecting 3 shorts from 1,57)
-fired long manually(at market) 1 big unit (5x standard size) @1,4812
so,from few minutes ago i'm net-long in cable!
I WILL NOT EVEN PRETEND I KNOW WHAT'S GOING ON!!!

Varna GV 11:56 GMT March 1, 2010
USD
Reply   
Sell EURUSD
Entry: Target: Stop:

TD, mate think EUR don't stop on 1.30 the bears going much lower,but what's going when stocks and commodites get hit,the pain will be big like a move down for eur/usd!!

Juffair KaL 11:54 GMT March 1, 2010
YoYo week
Reply   
ah
guys i think it's gonna be complictated
always is when the trend reverses...or wants to

us session...they gonna fix it up

singapore td 11:51 GMT March 1, 2010
usd

yes mate, I agree with you
buy usd is the theme for this year!
today cable got hit, next would be euro and aud
cable would be capped under 1.50 now
euro i expect to see 1.30 next

Varna GV 11:46 GMT March 1, 2010
usd
Reply   
Buy usdx
Entry: Target: Stop:

Why so many smart people don't want to see the reality, there is no fiscal money to SAVE, don't expect magic decision, expect the REALITY!!!
Good luck for all!!!

hk ooozmeeh 11:43 GMT March 1, 2010
gbpusd
Reply   
cable break a trendline support @ 1.4900 from 2009 jan Low, fwiw

Varna GV 11:26 GMT March 1, 2010
USD
Reply   
Sell EURUSD
Entry: Target: Stop:

Who will buy Greece's debt, someone crazy maybe, here are only words and words, nobody wants and nobody have a finance to do this. The things going to worsens, don't belive on words, make star map, there is the true about what is coming!!

Geneva ej 11:23 GMT March 1, 2010
EURCHF
Reply   

Entry: 1.4620 Target: 1.4680 Stop: 1.4590

Not likely to be triggered today.

GVI Forex Blog 11:22 GMT March 1, 2010 Reply   
The euro was steady against the dollar on Monday on hopes that a support deal for Greece may be near, while sterling slid to its lowest in more than nine months versus the dollar as UK political uncertainty increased.

FOREX NEWS - Euro steady as Greece news eyed; sterling slides

GVI Forex Blog 11:19 GMT March 1, 2010 Reply   
11:00 GMT- Mar 1 (global-view.com) Well we have made it to March. March 16 has been looming as a key date in the Greek fiscal refunding crisis. It appears that a French/German led deal is shaping up...

Daily GVI Forex Forex View- A More Positive Tone to Trade

GVI Forex john 11:15 GMT March 1, 2010
GVI Forex Trading Support
Reply   


The Daily Forex View

A More Positive Tone to Trade

11:00 GMT- Mar 1 (global-view.com)  Well we have made it to March. March 16 has been looming as a key date in the Greek fiscal refunding crisis. It appears that a French/German led deal is shaping up...

MORE...

GVI Forex Blog 11:08 GMT March 1, 2010 Reply   
Currencies: M&A flows weighed upon the GBP throughout the session and cumulated with Prudential (UK) to acquire AIA from AIG for $35.5B in cash and equity (as speculated in the press expected). GBP/USD hit fresh 9-month lows below 1.5000 level

European Market Update: M&A flows and political concerns weigh upon GBP in session; European data mixed in session

GVI Forex Blog 11:03 GMT March 1, 2010 Reply   
Figures for December showed a widening in the UK’s trade deficit in goods with the rest of the world to £7.3bn from £6.8bn in November. This represented the worst monthly outcome since January 2009 and called into question the expectation that UK growth in 2010 will be boosted by ‘net trade’

Economics Weekly - Can UK exports boost the recovery in 2010? Weekly economic data preview - Poor weather to cast cloud over upcoming data

Amman wfakhoury 10:51 GMT March 1, 2010
gbpusd 15000
Reply   
Amman wfakhoury 10:47 GMT March 1, 2010
gbpusd 15000: Reply
15000 is the buying level till 15150 , possible to decline below
it but not deep.
------
15000 here we are.

Amman wfakhoury 10:47 GMT March 1, 2010
gbpusd 15000
Reply   
15000 is the buying level till 15150 , possible to decline below
it but not deep.

Gen dk 10:45 GMT March 1, 2010 Reply   
Trading Signals Updated: CLICK HERE for more Gen dk information

Juffair KaL 10:41 GMT March 1, 2010
short eurusd

short eurnzd
tgt 1.9420

Juffair KaL 10:39 GMT March 1, 2010
short eurusd
Reply   
sold eurusd
will add more
tgt 1.3560

Amman wfakhoury 10:34 GMT March 1, 2010
gbpusd 15180-90
Reply   
Amman wfakhoury 07:06 GMT March 1, 2010
gbpusd 15180-90: Reply
gbpusd ready to rise till 15180-90 , breaking this level and keeping above it means 15370 will be seen , keeping below
15180 means 15000 will be seen.
--------
Price rose around 15180 without breaking 15190 , then declined ...15000 will be the buying level.


GVI Forex Blog 10:33 GMT March 1, 2010 Reply   
Traders of North America anticipate the decision of the Bank of Canada (BOC) on short term interest rate.

Forexpros Daily Analysis - 01/03/2010

sofia kaprikorn 10:26 GMT March 1, 2010
test

thinking here of reversing to long USD/JPY - the pressure of the GBP selloff on the gbp/jpy cross is not felt in the usd/jpy and it's a bullish sign imho.

long USD/JPY 89.35 / stop 89.02

London ex 10:25 GMT March 1, 2010
$/yen
Reply   
Buy USDJPY
Entry: 89.10 Target: 90.20 Stop: 88.80

Still prefer the long side of this trade, especially below 90.00. Its all about getting in at a defensible price.

Juffair KaL 10:25 GMT March 1, 2010
test



good Job
I just did too


More here for today
http://picasaweb.google.com/kalzayanicharts/Hourly_FX#slideshow/544
3608979704815650

sofia kaprikorn 10:08 GMT March 1, 2010
test
Reply   
short USD/JPY 89.23 / sl 89.39

Bahrain BAH1 09:57 GMT March 1, 2010
Juncker warns markets not to ignore Greek efforts-paper
Reply   
Juncker warns markets not to ignore Greek efforts-paper
FRANKFURT, March 1 (Reuters) - Europe would take action to dampen market speculation against Greece if markets ignore the efforts the country has made to improve its financial situation, the head of the Eurogroup of finance ministers was quoted as saying on Monday.

"If the Greeks hold on to the strict parameters and the markets continue to speculate against Greece, we will not let them just march through," Juncker told German daily Handelsblatt.

Juncker would not give exact details about what would be done to dampen speculation, but said there are tools against that.

"We have the torture equipment in the cellar, and we will show them if needed."

Financial markets should not act as if Greece has not done any work to improve its financial situation, he said.

"Markets cannot go ahead as if there are no efforts in Greece to consolidate public finances," Juncker said.

Juncker also said the European Central Bank's presidency cannot be decided by geographical considerations and there could be two southern Europeans heading the 16-country bloc's central bank.

Many analysts said Germany pushed Portugal's Vitor Constancio to become the next ECB vice-president to improve the chances of Bundesbank President Axel Weber to become the next ECB head when Jean-Claude Trichet retires in October 2011. (Reporting by Sakari Suoninen; Editing by Toby Chopra)

REUTERS

Porto Cubriclas 09:41 GMT March 1, 2010
Euro

An ECB intervention in the market buying euros? Is that act?

"Eurogroup’s Juncker: Would act against market speculation if it ignores Greek reform efforts -Newspaper"

Porto Cubriclas 09:33 GMT March 1, 2010
Euro

An ECB intervention in the market buying euros?

Syd 09:28 GMT March 1, 2010
Euro
Reply   
Eurogroup’s Juncker: Would act against market speculation if it ignores Greek reform efforts -Newspaper

Lahore FM 08:22 GMT March 1, 2010
Trade Ideas

02/26/2010 20:35:40 FM Lahore 4

Buy EURJPY
Entry: 121.06 Target: up Stop: 120.40
long here.
--
half out now at 121.66 for 60+,stops stay as before.

Syd 07:39 GMT March 1, 2010
DJ Australia Property Sales Hit Record
Reply   
SYDNEY (AFP)--Australian real estate prices are rising strongly and show no signs of abating, analysts said Monday, after weekly sales in one state hit a record A$1.025 billion ($919 million).

The Real Estate Institute of Victoria said last week involved "the largest dollar volume of transactions ever recorded" amid growing confidence in the economy, as people took advantage of low interest rates."We've seen more physical sales in a week period, but never have they passed the billion dollar mark," research manager Robert Larocca said.

"So that's partly a sign of how strong the market is, and it's also a sign that people are spending more than they have in the past. People are confident. They are confident because the economy is going much better than they expected it to," he added.

Syd 07:29 GMT March 1, 2010
A.I.G. Unit Said to Be Near Sale to a British Company
Reply   
Under the terms of the expected deal, Prudential will pay about $25 billion in cash and about $10.5 billion in a combination of stock, preferred shares and convertible preferred shares, the people said. The British company, whose market value was about $23.3 billion as of Friday, is expected to sell a large new batch of shares to help finance the deal.http://www.nytimes.com/2010/03/01/business/
global/01aig.html?ref=business

Amman wfakhoury 07:24 GMT March 1, 2010
my new site
Reply   
my new site for marketing is coming soon
have a look on my page
http://www.cardstour.com/index.php?ch=8&cat=1&letter=W&pro=90

tokyo rana 07:18 GMT March 1, 2010
gbpjpy

im sorry last message was misstake,
thanx nice view.....................
what is most likely?down or up?
uk iheard also have same problem like greek so down is likely?
best regards

Amman wfakhoury

tokyo rana 07:15 GMT March 1, 2010
gbpjpy

thanx nice view?
what is most likely?down or up?
uk iheard also have same problem like greek so down is likely?
best regards

Amman wfakhoury 07:11 GMT March 1, 2010
gbpjpy
Reply   
gbpjpy 135.00 is the direction decision for this pair ...breaking it up and keeping above it mean 138.00 will be seen ,keeping below it means 132.24 will be seen.

Amman wfakhoury 07:06 GMT March 1, 2010
gbpusd 15180-90
Reply   
gbpusd ready to rise till 15180-90 , breaking this level and keeping above it means 15370 will be seen , keeping below
15180 means 15000 will be seen.

tokyo rana 06:55 GMT March 1, 2010
gbpusd in buy area

hello,how are you?
what is your view about gbpjpy?
best regards,

Amman wfakhoury 06:50 GMT March 1, 2010
gbpusd in buy area
Reply   
Amman wfakhoury 09:54 GMT February 26, 2010
gbpusd which direction 15100 or 15500: Reply
gbpusd is mostly heading up , 15300 will give us the right direction , keeping above it means 15500.. keeping below it means 15100.

------------------
As I said on friday we are now around 15100 as price kept below 15300 ...now we will be in buy area again with possiblity
to go down a little bit more but not deep.

Hong Kong 06:36 GMT March 1, 2010
Support, Resistance and Range forecast by AceTrader
Reply   
INTRA-DAY USD/JPY:

Last Update At 01 Mar 2010 04:31 GMT

Range Forecast
89.00 / 89.25


Resistance/Support
R: 89.20/89.51/89.76
S: 88.70/88.55/87.90

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

INTRA-DAY EUR/USD:

Last Update At 01 Mar 2010 05:45 GMT

Range Forecast
1.3600 / 1.3630


Resistance/Support
R: 1.3665/1.3683/1.3693
S: 1.3595/1.3572/1.3551

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

INTRA-DAY USD/CHF:

Last Update At 01 Mar 2010 04:37 GMT

Range Forecast
1.0735 / 1.0765


Resistance/Support
R: 1.0800/1.0849/1.0880
S: 1.0710/1.0695/1.0647

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


INTRA-DAY GBP/USD:

Last Update At 01 Mar 2010 04:38 GMT

Range Forecast
1.5145 / 1.5175


Resistance/Support
R: 1.5203/1.5235/1.5267
S: 1.5144/1.5129/1.5104

http://www.acetraderfx.com

Hong Kong Qindex 05:59 GMT March 1, 2010
QIndex Trading System

USA BAY 05:41 GMT March 1 - I havn't updated my analysis on EUR/GBP. Only working on USD/JPY today.

Syd 05:59 GMT March 1, 2010
fx
Reply   
Detached home sales rose 10.1 per cent and multi unit sales gained 4.1 per cent, the second consecutive increase.New home sales leap in January

I.M.F. Chief Suggests Look at New Reserve Currency
The I.M.F. leader, Dominique Strauss-Kahn, also floated the idea of creating a global reserve currency that could serve as an alternative to the dollar.http://www.nytimes.com/2010/02/27/business/27imf.html

USA BAY 05:41 GMT March 1, 2010
QIndex Trading System

HONG KONG QINDEX.

DR Q, Can I have your bias for eur/gbp pls. tia

Syd 05:40 GMT March 1, 2010
China Manufacturing Keeps Growing, But Slower
Reply   
BEIJING (Dow Jones)--China's manufacturing activity continued to grow last month but slowed slightly as plants shut down for the Lunar New Year holiday, while business surveys elsewhere in Asia suggested that the region's recovery from the economic crisis was motoring ahead.
"The combination of rising new orders and production augurs well for the industry in coming months," Ai Group Chief Executive Heather Ridout said. "However, employment remained lackluster, reflecting the still-patchy nature of growth with continuing weak results in some five out of 12 manufacturing sectors."
In China, economists say the surveys show manufacturing is still growing and cautioned against reading too much into last month's drop, since the Lunar New Year break likely hurt business activity. "It would be premature to conclude that today's fall in the official PMI signals a broader easing in the momentum of China's recovery," said Brian Jackson, an economist from Royal Bank of Canada.

Syd 05:08 GMT March 1, 2010
Yen Falls as Japanese Government Puts Pressure on Central Bank
Reply   
March 1 (Bloomberg) -- The yen fell against higher-yielding currencies including Australia’s dollar after Japan’s government increased pressure on the central bank to expand monetary easing to fight deflation. http://www.bloomberg.com/apps/news?pid=20601083&sid=acNwTRZ2t6V4

Barratt Says Copper Prices May See `Sustained' Gains

Hong Kong Qindex 04:56 GMT March 1, 2010
QIndex Trading System

Richland QC Mailman 03:17 GMT : Good Morning.

Syd 04:50 GMT March 1, 2010
Greece Now, U.K. Next as Scots Investors Ready for Pound Plunge
Reply   
The U.K.’s budget deficit is roughly the same as Greece’s, both exceeding 12 percent of economic output. Moody’s Investors Service and Standard & Poor’s said last week they may cut Greece’s credit rating as the five-month-old government struggles to curb spending and control its debt. http://www.bloomberg.com/apps/news?pid=20601087&sid=aVDvzOH9wSks&pos=6

Hong Kong Qindex 04:42 GMT March 1, 2010
QIndex Trading System

Sell USDJPY
Entry: Target: Stop:

USD/JPY : Speculative selling pressure will increase when the market is trading below 88.74. One can consider a stop and reverse order.

Syd 04:23 GMT March 1, 2010
Heard On The Street: Overheard: A Yen For Risk
Reply   
The Asian Development Bank, which is based in the capital of the Philippines, is planning a debt issue that should serve as a reminder currency speculation is alive and well.
In this case, the debt, to fund water projects across Asia, will be denominated in Australian dollars and South African rand.
And it will be sold to yield-hungry Japanese institutional and small investors.The Australian and South African currencies offer not only higher interest rates but also the prospect of currency speculation, a favorite pastime of Mrs. Watanabe, the ubiquitous Japanese investing housewife.

Juffair KaL 03:38 GMT March 1, 2010
eurgbp if selling then
Reply   
you are right..IMO

http://picasaweb.google.com/kalzayanicharts/FX_March_2010#sl
ideshow/5443503803338701618

that's about 40 pairs forecast
I am long and longing gbpusd
looking for steep north and south

Richland QC Mailman 03:17 GMT March 1, 2010
QIndex Trading System

Right Dr. Q. Looking at 89.50 as initial target.

Hong Kong Qindex 02:53 GMT March 1, 2010
QIndex Trading System

Sell USDJPY
Entry: Target: Stop:

USD/JPY : Bias is on the downside when the market is below the weekly cycle matrix system at 89.57 - 90.02 - 90.53.

Hong Kong Qindex 02:49 GMT March 1, 2010
QIndex Trading System

USDJPY
Entry: Target: Stop:

USD/JPY : The market is going to consolidate within 88.80 - 89.33 for the time being. A projected supporting barrier is expected at 87.03 - 87.19. Projected resistant points are positioning at 90.04 and 92.01.

Walnut 02:48 GMT March 1, 2010
Chart

Jay,

I click the Web Charts - Real Time Forex and nothing disaply.

Richland QC Mailman 02:41 GMT March 1, 2010
GBP Market on buying mood - Mar. 01, 2010

Bought cable at 1.5155...

Also bought small euro as planned last week 1.3600 (CP area).

Richland QC Mailman 02:28 GMT March 1, 2010
usd/yen double bottom 88.75

Bought usd/yen above 89... expecting now a break of the CP 89.05/10

LA BV 01:25 GMT March 1, 2010
eurchf
Reply   
Buy EURCHF
Entry: 1.4628 Target: 1.4675 Stop: 1.4612

Low risk bet on the swiss nat bk

Syd 01:13 GMT March 1, 2010
CBA Sticks With 0.8% 4Q Aussie GDP Growth Forecast
Reply   
Ignore small signs of weakness in morning's 4Q Aussie current account report, they're not enough to damp GDP, says Commonwealth Bank of Australia Senior Economist Michael Workman. Economist notes a September revision partly skewed data, while broader company profit figures were in line with forecasts. "We will get public spending figures tomorrow which should give us an idea of the government's influence on GDP data. But at this point, sticking with (our forecast that GDP gained 0.8% in fourth quarter)," says Workman.

Syd 01:04 GMT March 1, 2010
Australian new home sales rose 9.5% in January
Reply   
Australian new home sales rose 9.5% in January from December, according to data released Monday by the Housing Industry Association, an umbrella group for major home builders.

Hong Kong 00:53 GMT March 1, 2010
EUR/USD Intraday signal by AceTrader
Reply   
EURUSD
Entry: Target: Stop:

INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD
EUR/USD: 1.3632

Late Update At 28 Feb 2010 23:22 GMT

Euro's retreat after Friday's rally to 1.3683 in
NY suggests initial consolidation is in store n
below 1.3595 (reaction low) wud bring marginal weak
ness, however, break of nr term key sup 1.3550 need
ed to confirm rebound fm 1.3451 over, 1.3496/00.


Stand aside initially n sell euro on pullback
once said sup is penetrated.



Range Forecast
1.3620 / 1.3650


Resistance/Support
R: 1.3683/1.3693/1.3730
S: 1.3572/1.3551/1.3531

http://www.acetraderfx.com

Richland QC Mailman 00:51 GMT March 1, 2010
usd/yen double bottom 88.75

Closed ahead of 89.10 CP and hourly resistance. Just scalping mode this Asian morning.

Lahore FM 00:17 GMT March 1, 2010
Trade Ideas

that's eurczk!

Lahore FM 00:16 GMT March 1, 2010
Trade Ideas

Buy OTHER
Entry: 25.979 Target: 29.080 Stop: 25.810

long now.

Richland QC Mailman 00:06 GMT March 1, 2010
GBP Market on buying mood - Mar. 01, 2010

closed the gbp/usd ahead of 1.5180.

Bought usd/yen 88.86 stop 88.70

sofia kaprikorn 00:03 GMT March 1, 2010
closing the Gap

usd/jpy is particularly bearish looking off weeklies...

sofia kaprikorn 23:16 GMT February 28, 2010
closing the Gap: Reply
long GBP/USD 1.5164 / sl 1.5125
............

also testing the hourly Double bottom:

long USD/JPY 88.99 / sl 88.76
________________
closed those test possies at 74 for the pound and 83 for the yen.

 




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

Forex News

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

Currency Trading

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

Forex Brokers

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

Forex Trading

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

FX Trading

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

Forex Blog

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

 

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