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Forex Forum Archive for 03/1/2012

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


HK RF@ 23:46 GMT March 1, 2012
Fear Da Bears

KL

About the long term trading/short term trading, the only winners are the Cardiologists, whether winners or losers, we will all line up in their clinics:):)

AMS T 23:44 GMT March 1, 2012
Football.../ Soccer


Entry: Target: 1.3500 Stop:

BUY NOW 1 DIRTY WIFE BAHRAIN

GVI Forex john 23:40 GMT March 1, 2012
Trade Talk- Whats Moving Markets



deflation persists...

GVI Forex john 23:33 GMT March 1, 2012
Trade Talk- Whats Moving Markets

-- ALERT --
Japan January 2012 Data
CPI (yy)
National: +0.1% vs. n/a exp. vs. -0.20% prev
Core:-0.1% vs. -0.20% exp. vs. -0.10% prev.

Household Spending
mm: -0.1% vs. -0.20% exp. vs. -1.30% prev.
yy: -2.3%vs. -0.80% exp. vs. +0.50% prev.

Unemployment:
4.6% vs. 4.50% exp. vs. 4.50% prev.



TTN: Live News Special Offer

KL KL 23:33 GMT March 1, 2012
Da bears

If Flash Crash was legit....what is this side show of Gold raid??

That is why I am no longer a long termer for some years now.....

BOJ intervention is also considered illegal...so is CHF defending their currency.....Just need to either join the direction of the trend at that time or go against it.....that is what created market....and i like it.....bring on all the SCAMS....LOL

Looks like fresh money going to drive up the market again....so may long gold for that matter.....or short higher.....or sell AUD....or just sit pat and wait...surf the net....LOL

HK RF@ 23:24 GMT March 1, 2012
Fear Da Bears
Reply   
For me it is clear from reading into some known gold Bulls traders, that this time they are gripped by an intense fear anger and uncertainty. Not a very constructive psychological setting.

This kind of gold market may not rebound, unless establishing a Terra-Firma base.

Still looking for the 1670(Achilles Heel) area to be tested for a make or break.

Cambridge Joe 23:11 GMT March 1, 2012
Football.../ Soccer
Reply   
Well done to the football team, delighted with the results ?

http://uk.eurosport.yahoo.com/01032012/58/world-cup-fifa-probe-bahrain-10-0-win.html

dc CB 22:52 GMT March 1, 2012
Da bears

since anything we do is "not illegal" why should we have to work hard anymore...set your alarms to 1500 GT ---10:00AM est, which happens to be when we roll into the office and nod at our secretaries to push the sell button.

and to think once upon a time we actually had to get up before dawn and have a plan......O O O O O bama

HK RF@ 22:45 GMT March 1, 2012
Da bears
Reply   
Looks like it is good to keep in mind, that the shady Gold-Cartel or the bears, may prepare a Friday-Blitzkreig to make gold close below 1723 to create a weekly key reversal !!!

GL/GT

dc CB 22:43 GMT March 1, 2012
1,700 in the S&P
Reply   


now that we have had yet another of the now traditional market blow off top moves on massive liquidity injected by central banks, the time to trot Birinyi back on the stage is upon us, and sure enough earlier today he made an appearance in Bloomberg where he proposed his latest forecast of 1,700 in the S&P by year end.

Parabolic World

Boston eFX 22:42 GMT March 1, 2012
BNP Paribas: Time To Short USD/JPY Again
Reply   
(Dow Jones via eFXnews) Dollar/yen went on a breathtaking 5% rally in February after the BoJ jolted markets with a surprise bond-buying.

Yet BNP Paribas points out that from a chartist's perspective, the....

BNP Paribas: Time To Short USD/JPY Again (full story)

GVI Forex john 22:29 GMT March 1, 2012
Calendar
Reply   



March 1 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, March 2. Updated: Trading Events Calendar:

  • Far East: JP- CPI, HH Spending, Unemployment.
  • Europe: DE- Retail Sales, EZ- PPI.
  • North America: CA- GDP.


GVI Forex john 22:23 GMT March 1, 2012
Trade Talk- Whats Moving Markets

  • Key Items: JP- CPI, Household Spending, DE- Retail Sales.

  • The second round of testimony by Chairman Bernanke was uneventful. His Wednesday testimony roiled the markets after his comments about the recent improvement in employment were taken as a signal that new QE is not coming anytime soon.

  • The first round of global PMI releases were mixed..

  • Chinese data were better, but were on either either side of the "50" expansion or contraction line. 

  • The ECB LTRO announcement yesterday saw a EUR 529.531bln drawdown of three year funds from the ECB got mixed reviews.

  • The hope is that funds will be allocated to lending in the European economy, however business demand reportedly has been weak..

  • The USDJPY spiked higher on Wednesday following reports of official buying. March fiscal end of year flows are often in the opposite direction. 

Your thoughts, comments questions, additions, etc, needed and appreciated!

dc CB 22:17 GMT March 1, 2012
A Single Large Seller Smashed the Gold Market Yesterday
Reply   
...Commenting on the sell-off, CIBC World Markets wrote in a note to clients that “Gold – looks like a large seller of gold in the market. a 10k contract traded, down ticked the price by $40/oz. roughly 200k contracts trade per day, but unusual to see such a large single trade. not likely due to contract expiry either. That transaction represents 1mln oz of gold.

“What we saw yesterday in the gold market was very large volume just pounding the market lower and it raises the question, is this a seller who is trying to maximize his revenues? The answer is, maybe not because it was very sudden and the volume appeared to be very large.

Dr. Evil Strategy?

dc CB 22:04 GMT March 1, 2012
Japan's very own MF Global
Reply   
AIJ likely lost pension funds trading futures
Cayman, H.K.

cash trails go cold; 36 of 84 clients ID'd
Kyodo

AIJ Investment Advisors Co. used clients' corporate pension money to conduct futures trading in Japan, after first transferring the money to the Cayman Islands and Hong Kong, sources said.

The details offer clues on how the suspended asset manager allegedly burned through most of what is now believed to be ¥210 billion entrusted to it by 84 employee pension funds covering more than 880,000 people as of the end of 2011.

The SESC, however, has not yet found any financial documents that would shed light on AIJ's operations and help it figure out where the money went.

cash trails go cold

GVI Forex Blog 21:56 GMT March 1, 2012 Reply   
Key Items: JP- CPI, Household Spending, DE- Retail Sales. The second round of testimony by Chairman Bernanke was uneventful. His Wednesday testimony roiled the markets after his comments about the recent improvement in employment were taken as a signal that new QE is not coming anytime soon.

Forex Trade Talk 00:00 GMT 2 March 2012

JERUSALEM KB 21:53 GMT March 1, 2012
Forex Trading Plan

JERUSALEM KB 19:07:37 GMT - 02/29/2012

Buy OTHER
Entry: 0.7612 Target: 0.7680 Stop: 0.7545
buy stop on NZDCHF
================
deleted

dc CB 21:43 GMT March 1, 2012
Foreign Central Banks To Begin Buying US Stocks Outright Starting Today
Reply   
We were speechless when we read this from Bloomberg.
+++++++++++++++++++++++++++++++++++
The Bank of Israel will begin today a pilot program to invest a portion of its foreign currency reserves in U.S. equities.

The investment, which in the initial phase will amount to 2 percent of the $77 billion reserves, or about $1.5 billion, will be made through UBS AG and BlackRock Inc. (BLK), Bank of Israel spokesman Yossi Saadon said in a telephone interview today. At a later stage, the investment is expected to increase to 10 percent of the reserves.

A small number of central banks have started investing part of their reserves in equities. About 9 percent of the foreign- exchange reserves of Switzerland’s central bank were invested in shares at the end of the third quarter, the Swiss bank said on its website.
_________________________________________________
In other words, while the Fed's charter forbids it from buying US equities outright, it certainly can promise that it will bail out such bosom friends as the Bank of Israel, the Swiss National Bank, and soon everyone else, if and when their investment in Apple should sour.

Next Leg Of The Ponzi Revealed

dc CB 21:39 GMT March 1, 2012
Said with a straight face
Reply   
Mr. Bernanke fielded a number of familiar critiques from Republican senators about the Fed’s efforts to accelerate the pace of growth, but the exchanges lacked the intensity that has marked some of Mr. Bernanke’s previous appearances.

Senator David Vitter, Republican of Louisiana, asked Mr. Bernanke whether the Fed’s efforts to hold down interest rates were contributing to the rise in gasoline prices, by encouraging investors to buy oil and other commodities.

Mr. Bernanke said he saw no evidence of such an effect.

“The reason that we’ve seen these sharp movements has more to do with the international situation than with U.S. monetary policy,” he said.

Syd 21:15 GMT March 1, 2012
Former Buba chief says euro to weaken–BBG
Reply   
Axel Weber, the first Bundesbanker to resigned his post in protest over the SMP (bond buying) program, says the euro will weaken. Everyone has a loose monetary policy, he says, so fundamentals will drive the exchange rate. Europe has the weakest fundamentals, he says. A weaker euro will help the periphery and will be part of the adjustment process

GVI Forex john 21:02 GMT March 1, 2012
crude

Saudi Oil Officials Deny Report About Pipeline Attack.

GVI Forex john 20:59 GMT March 1, 2012
Global-View.com Forex Heat Maps
Reply   
Global-View.com Forex Heat Map

Forex Trading Tools Index

Refresh Forum MANUALLY to update table

JERUSALEM KB 20:57 GMT March 1, 2012
Forex Trading Plan

Sell
Entry: 1.3307 Target: 1.3245-1.3205 Stop: 1.3380

sold

Syd 20:54 GMT March 1, 2012
A Trillion Euro Bet By The European Central Bank
Reply   
The European Central Bank has morphed into quite a different animal under the leadership of Mario Draghi. We have looked at Mr Draghi's Long-Term Refinancing Operation (LRTO) before, although this was merely the first round. The LTRO has largely helped sate the eurozone's liquidity crisis, although the greater problem of solvency is more difficult to cure. Yesterday we found out what the take up of LTRO mark II was: 529.5bn euros across 800 banks.

The problem for the ECB is that it is betting on a future that the collective wisdom of the market deems unlikely to happen. This is why private investors had grown less and less willing to finance the PIIGS.

GVI Forex john 20:53 GMT March 1, 2012
USD Pivot Points
Reply   
Latest Close Trading Points...
more chart points About Pivot Points

Refresh Forum MANUALLY to update table


GVI Forex john 20:50 GMT March 1, 2012
USD Moving Averages/Bollinger Bands
Reply   
Latest Closing Trading Points...
many more chart points
About Moving Averages
About Bollinger Bands


Refresh Forum Manually to Update Table.


GVI Forex john 20:46 GMT March 1, 2012
FX Database
Reply   

UPDATED. Global-View Free FX Database. High-Low-Close data for over a dozen currency pairs for well over a decade of data in Excel spreadsheet format.

ldn JPS 20:43 GMT March 1, 2012
EUR/$

Okay 2 trades entered into, waiting at 1.3210 (moved up from 1.3205) to enter the third trade.

Long 1.3320 and 1.3285 Stop 1.3145

Chicago OT 20:17 GMT March 1, 2012
crude
Reply   
Oil is on fire. Brent is zooming. Report of an explosion blowing up a Saudi pipeline.

GVI Forex Blog 20:14 GMT March 1, 2012 Reply   
AUD/USD and NZD/USD outlook next 24 hours: The local economic calendars are bare and there is little known major event risk over the next 24 hours. AUD should remain inside 1.0715 and 1.0860 today. NZD should remain inside 0.8325 and 0.8470.

Forex - Morning Report (Westpac)

Syd 20:06 GMT March 1, 2012
A Primer on the Euro Breakup
Reply   
In this piece Variant Perception looks at the mechanics of a currency breakup and how it would happen.

LINK

Lahore FM 19:55 GMT March 1, 2012
" Trade Ideas "

Buy EURUSD
Entry: 1.3317 Target: 1.3382 1.3560 Stop: dyod

long here with two separate positions.

JERUSALEM KB 19:41 GMT March 1, 2012
Forex Trading Plan



EURCAD
Entry: Target: Stop:

looking for a support breakout to monitor a short trade setup next week

GVI Forex Blog 19:41 GMT March 1, 2012 Reply   
19:45 GMT (Global-View.com) March 1- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is ending Thursday in North America at .5093, -0.37% from its Wednesday close (-5.34% vs. end-2010).

Global-View D.O.G. Index March 1, 2012 U.S. Close

GVI Forex john 19:39 GMT March 1, 2012
Global-View D.O.G. Index
Reply   
19:45 GMT (Global-View.com) March 1- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is ending Thursday in North America at .5093, -0.37% from its Wednesday close (-5.34% vs. end-2010).

As for its key subcomponents, the USD forex purchasing power index is .7703, -0.08% (-1.01% vs. end-2010). The forex index is value is calculated against the top six trading currencies.

Against gold, the USD purchasing power index is worth .1673, -0.70% (-17.52% end-2010).

Against crude, it is at 0.4102, -1.73% (-15.90% end-2010). The D.O.G. Index base is 1.00. It is measured against levels from the start of 1999, as of the initial launch of the euro (currency).

D.O.G. Homepage

JERUSALEM KB 19:35 GMT March 1, 2012
Forex Trading Plan



GBPUSD
Entry: Target: Stop:

waiting for support breakout

Syd 19:31 GMT March 1, 2012
BlackRock Sees QE3 Hope Alive, Even As Doubts Surface
Reply   
Doubts have surfaced over the past day on the prospects of QE3, but the world's biggest money manager argues that the Fed may end up being more aggressive than some market participants are expecting. Rick Rieder, chief investment officer for fundamental fixed-income portfolios at BlackRock, told Dow Jones in an interview earlier this week that "if we don't see continued improvement in the unemployment rate and if inflation doesn't march higher, I think the Fed ends up doing another round of quantitative easing before Operation Twist ends, probably by April, in fact." Rieder says Thursday he sticks to the view following Bernanke's comments.

Syd 19:31 GMT March 1, 2012
BlackRock Sees QE3 Hope Alive, Even As Doubts Surface
Reply   
Doubts have surfaced over the past day on the prospects of QE3, but the world's biggest money manager argues that the Fed may end up being more aggressive than some market participants are expecting. Rick Rieder, chief investment officer for fundamental fixed-income portfolios at BlackRock, told Dow Jones in an interview earlier this week that "if we don't see continued improvement in the unemployment rate and if inflation doesn't march higher, I think the Fed ends up doing another round of quantitative easing before Operation Twist ends, probably by April, in fact." Rieder says Thursday he sticks to the view following Bernanke's comments.

Open 19:25 GMT March 1, 2012 Reply   

Has Greece Defaulted or Not? (video)

Boston eFX 19:23 GMT March 1, 2012
Plenty Of Room To Sell The Euro, Newedge Says
Reply   
(Dow Jones via eFXnews) The euro could easily fall to its January low of $1.2625 within the next month as investors shift into the dollar with US data improving, says George Dowd, head of Chicago foreign exchange at Newedge USA. "I'd prefer to...

Plenty Of Room To Sell The Euro, Newedge Says (full story)

Syd 18:51 GMT March 1, 2012
Iran-Israel oil shock would deal blow to loonie
Reply   
Despite the loonie’s tendency to move upwards alongside rising oil prices, an Israeli attack on Iran’s nuclear facilities would lead to a flight from risk and a plunge in the loonie, economists said on Thursday.

business.financialpost

JERUSALEM KB 18:50 GMT March 1, 2012
Forex Trading Plan

Buy EURUSD
Entry: 1.3337 Target: 1.3410-1.3520 Stop: 1.3290
BOUGHT NOW
============
hit sl with 47pips-

NYC ET 18:35 GMT March 1, 2012
" Trade Ideas "

If the fx/stock algos were in full swing eurusd would be higher the way stocks are up.

GVI Forex john 17:52 GMT March 1, 2012
LIVE FX SQUAWK BOX

-- NEW and FREE! LIVE FX SQUAWK BOX --

TALKING-FOREX Live forex squawk box and news headlines. Click FX SQUAWK on Navigation Bar. Once on live headlines page, click on SPEAKER Icon on the top right to start live audio. Service active M-F 6:30-21:30 GMT.

Lahore FM 17:52 GMT March 1, 2012
" Trade Ideas "

Buy OTHER
Entry: 1.3784 chfsgd Target: 1.4300 Stop: 1.3680

Trade of The Month for March long chfsgd that is long swissy and short sing dollar.

long here

Mtl JP 17:51 GMT March 1, 2012
Global-View.com Forex Heat Maps

somewhat different kind of heatmap ?

China's Share of Reserves in U.S. Dollar Dives -wsj

BEIJING—Fresh U.S. Treasury data suggest that China has lost its taste for investing as much of its $3.2 trillion in foreign-exchange reserves in U.S. dollars and may be increasing its holding of euro-denominated securities during a time that a debt crisis has roiled European markets.

Economists have long warned that if China started to cut back its purchases of U.S. securities, U.S. interest rates could climb, damaging the U.S. economy. China's diversification of its vast reserves, however, hasn't caused disruption so far, partly because of strong global demand for U.S. securities as a safe haven during troubled times. .../..

Boston eFX 17:31 GMT March 1, 2012
CAD Could Gain Once Seaway Oil Flow Reverses
Reply   
(Dow Jones via eFXnews) The price of a barrel of crude oil is usually a fair indicator of the strength of the Canadian dollar.

The loonie vies with its Australian counterpart for the title of 'commodity currency par excellence', and possibly edges it, given that the Aussie is perhaps primarily a proxy for Chinese growth nowadays, rather than a pure raw-material play.

Sure enough, in the

CAD Could Gain Once Seaway Oil Flow Reverses

GVI Forex john 17:09 GMT March 1, 2012
Global-View.com Forex Heat Maps
Reply   
Global-View.com Forex Heat Map

Forex Trading Tools Index

Refresh Forum MANUALLY to update table

Mtl JP 16:56 GMT March 1, 2012
Trade Talk- Whats Moving Markets

next up in half hour
voting non-hawk/non-dove Lockhart...
yaks on economy 

Boston eFX 16:55 GMT March 1, 2012
Carry Trade Is Back, For Now -AllianceBernstein
Reply   
(Dow Jones via eFXnews) The carry trade is back in vogue, for now, driven by a broad improvement in market sentiment since the start of the year and yield-hungry investors putting the wave of cheap cash from the ECB to work in currencies with higher returns.

But while he says the.....

Carry Trade Is Back, For Now -AllianceBernstein

GVI Forex Blog 16:50 GMT March 1, 2012 Reply   
EUR/USD ticked lower following the expected decision out of the IDSA on Greece CDS. Dealers continued to focus on how the EU leaders would stimulate economic growth and concluded that a weaker euro had to be part of the mix.

TradeTheNews.com US Market Update

GVI Forex john 16:46 GMT March 1, 2012
Trade Talk- Whats Moving Markets

Bernanke done. Comments from yesterday stand.

GVI Forex Jay 16:45 GMT March 1, 2012
Thoughts From the Forex Trenches
Reply   
Fir those who did not get our email:

Thoughts From the Forex Trenches - March newsletter

Israel Dil 16:32 GMT March 1, 2012
gold

gold may have enough ground to get typical kind of news not to crash, silver may NOT enjoy such. "funny" and "strange" ahead :-)

GVI Forex Blog 16:18 GMT March 1, 2012 Reply   
March 1 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, March 2. Updated: Trading Events Calendar:

GVI Forex- Data Outlook for March 2, 2012

GVI Forex john 16:16 GMT March 1, 2012
Calendar
Reply   



March 1 (global-view.com) UPCOMING DATA HIGHLIGHTS for Friday, March 2. Updated: Trading Events Calendar:

  • Far East: JP- CPI, HH Spending, Unemployment.
  • Europe: DE- Retail Sales, EZ- PPI.
  • North America: CA- GDP.


hk ab 16:09 GMT March 1, 2012
gold
Reply   
ok, the raider is back. be careful!

London Mick 16:08 GMT March 1, 2012
Trade Talk- Whats Moving Markets

Yesterday must have taken a toll as the a reluctance to jump back on the risk on wagon. Bernanke had a chance just now to open the door to QE3 but didn't do it.

nyc ws 15:39 GMT March 1, 2012
Trade Talk- Whats Moving Markets

Come on Ben, surprise us with a QE3 clarification.

hk ab 15:37 GMT March 1, 2012
yen
Reply   
a quiet repatriation of japanese.....

GVI Forex john 15:34 GMT March 1, 2012
Trade Talk- Whats Moving Markets

-- ALERT --
U.S. Weekly Natural Gas Inventories (bcf)
-82 vs. -90 exp. vs. -166 prev.


TTN: Live News Special Offer

GVI Forex john 15:22 GMT March 1, 2012
Trade Talk- Whats Moving Markets

Bernanke prepared text is unchanged (reading it now). Focus is on any "clarifications" in Q&A.

Israel Dil 15:21 GMT March 1, 2012
combo spike
Reply   
13033 done already, now waiting for 1.0920 to act as the trigger for global selloff. that's the GO SIGNAL :-)

hk ab 15:19 GMT March 1, 2012
gold
Reply   
seems some sort of fears are pusing gold back to 1732 now......

will start shorting 1726.....

GVI Forex john 15:18 GMT March 1, 2012
Trade Talk- Whats Moving Markets

Bernanke Testimony on CSPAN - Much better than broadcast TV. No interruptions.

Give it a while to load...

Streaming Video Bernanke day 2

GVI Forex john 15:07 GMT March 1, 2012
Trade Talk- Whats Moving Markets



Mfg PMI weaker than forecast. Ominous?

Mtl JP 15:07 GMT March 1, 2012
Trade Talk- Whats Moving Markets

hk ab 14:59 - word is the Greek has put up his 114 tons of Gold (worth around $8 billion as measured by fiats) as collateral to get the latest bailout.

Next bone: Portugal's 300 tons.

hk ab 15:02 GMT March 1, 2012
Trade Talk- Whats Moving Markets

RF, looks like today is to clean out weak shorts first.....1732? or 1750?

GVI Forex john 15:00 GMT March 1, 2012
Trade Talk- Whats Moving Markets

-- ALERT --
U.S. Manufacturing PMI February 2012
52.4 vs. 55.0 exp. vs. 54.1 prev.

Construction Spending December 2011
-0.1% vs. +0.50% exp. vs. +1.20% prev.


TTN: Live News Special Offer

hk ab 14:59 GMT March 1, 2012
Trade Talk- Whats Moving Markets

also, silly bank indicator is gold bullish.

hk ab 14:45 GMT March 1, 2012
Trade Talk- Whats Moving Markets

RF, yen crosses return, be careful.

Mtl JP 14:41 GMT March 1, 2012
Trade Talk- Whats Moving Markets

Ben is unlikely to utter the actual QE 3 words. He is also unlikely to appear unbridedly and enthusiasticly peddling his economic recovery. He is more likely to try to appear "dovish" while trying to cultivate the perception that his FED remains open to being flexible to new incoming market data.

HK RF@ 14:38 GMT March 1, 2012
Trade Talk- Whats Moving Markets

hk ab 14:33 GMT March

Today even artists are using computers to do some work for them:) Less is left for the imagination.

HK RF@ 14:36 GMT March 1, 2012
This target will likely be tested.
Reply   
Gold : Critical Point 1670.9

hk ab 14:33 GMT March 1, 2012
Trade Talk- Whats Moving Markets

RF, the art is from "where".......

Sgp Td 14:33 GMT March 1, 2012
Risk on
Reply   
Look at audusd, i think risk trade is on

HK RF@ 14:27 GMT March 1, 2012
Trade Talk- Whats Moving Markets

If I have to read all the detailed news and so and so, will just get philosophically entangled.

K.I.S; We had already a daily key reversal for gold, and a possibility for a weekly key reversal is looming.

So what do you think, the big hunters will let such an opportunity go just like that?

Brace for the next dive baby.

Boston eFX 14:26 GMT March 1, 2012
FOREX FOCUS: FED, ECB Sending Euro Lower Now
Reply   
(Dow Jones via eFXnews)Between them the European Central Bank and the U.S. Federal Reserve have just brought a halt to the euro's rise against the dollar.

To put it simply, the European currency may have weathered the Greek bailout but it is now likely to suffer from the carnage that the bailout has left in its wake.

The resolution of Greece's debt problems may....

FOREX FOCUS: FED, ECB Sending Euro Lower Now (full story)

Hong Kong Qindex 14:21 GMT March 1, 2012
Gold : Critical Point 1670.9

EURUSD
Entry: Target: Stop:

HK REVDAX 14:17 GMT : EUR/USD : My bias is on the downside when it fails to trade above 1.3500.


Qindex.com


http://www.youtube.com/watch?v=dZEGYpXE5B4

EUR/USD : Monthly Cycle Charts

HK REVDAX 14:17 GMT March 1, 2012
Gold : Critical Point 1670.9

Qindex//Your view on Euro/$. TIA

UK Malc 14:13 GMT March 1, 2012
Trade Talk- Whats Moving Markets

Trying for some risk on. Maybe someone expects Bernanke to clarify on QE3. As I said earlier watch reaction to US data for risk mood.

GVI Forex john 13:59 GMT March 1, 2012
Trade Talk- Whats Moving Markets

From our opening comments

A major focus today will be the second round of testimony by Chairman Bernanke. His prepared text is always the same but the Q&A session will afford him a chance to clarify anything he said yesterday. His Wednesday testimony roiled the markets as his comments about the recent improvement in employment were taken as a signal that additional QE is not coming anytime soon.

Refresh forum manually to update correction to Bernanke time on Calendar.

hk ab 13:58 GMT March 1, 2012
gold
Reply   
any one sees another $100 today?

GVI Forex john 13:52 GMT March 1, 2012
Trade Talk- Whats Moving Markets

March 1 Testimony--Chairman Ben S. Bernanke
Semiannual Monetary Policy Report to the Congress
Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate
10 a.m. EST 15:00 GMT

GVI Forex john 13:47 GMT March 1, 2012
Trade Talk- Whats Moving Markets

Weekly Jobless Data continues to improve...





Click on chart for seven-year history



GVI Forex john 13:44 GMT March 1, 2012
Trade Talk- Whats Moving Markets



PCE in range of 2.0% target...

hk ab 13:40 GMT March 1, 2012
gold
Reply   
1700 in cards.....

FFT HH 13:39 GMT March 1, 2012
Trade Talk- Whats Moving Markets

Market votes no. See if 1.3290 can hold now.

nyc ws 13:37 GMT March 1, 2012
Trade Talk- Whats Moving Markets

Any bets that 1.33 holds?

GVI Forex john 13:33 GMT March 1, 2012
Trade Talk- Whats Moving Markets

-- ALERT --
Canada Producer Price Index January 2012
mm: +0.3% vs. 0.3% exp. vs. -0.9%r prev.
yy:+1.0% vs. n/a +2.8% vs. +2.6%r prev.

Canada Current Account C$ bln 4Q11
-10.33 vs. -9.4 exp. vs. -12.32r prev.



TTN: Live News Special Offer

GVI Forex john 13:31 GMT March 1, 2012
Trade Talk- Whats Moving Markets

-- ALERT --
U.S. Weekly Jobless
Initial Claims (000)
351 vs. 355 exp. vs. 353r prev.
Continued Claims (mln)
3.402 vs. 3.423 exp. vs. 3.404r prev.

U.S. Personal Income/PCE Deflator January 2012
Personal Income 0.3% vs. +0.50% exp. vs. +0.50% prev.
PCE yr/yr +2.4%. vs. +2.3% exp. vs. +2.40% prev.



TTN: Live News Special Offer

hk ab 13:19 GMT March 1, 2012
gold
Reply   
the snipers are back.

Hong Kong Qindex 13:18 GMT March 1, 2012
Gold : Critical Point 1670.9
Reply   
Gold
Entry: Target: Stop:

Gold : Critical Point 1670.9


The market is still positive when it is above the barrier at 1670.9 // 1675.3. This is in agreement with the monthly cycle directional indicator which suggests that the market is stable when it is above the weekly cycle pivot centre at 1701.7 and speculative selling pressure will increase when the market resume its downward trending momentum and penetrates through the monthly cycle pivot centre at 1688.0.


Qindex.com


http://www.youtube.com/watch?v=dZEGYpXE5B4

Gold : Monthly Cycle Charts

hk ab 13:13 GMT March 1, 2012
Trade Talk- Whats Moving Markets

thanks, John.

btw, the libor-gofo 1month is dropping again.

hk ab 13:06 GMT March 1, 2012
gold
Reply   
e/j quite weak, may spark the sharks to come in and lick the blood.....

GVI Forex john 13:05 GMT March 1, 2012
Trade Talk- Whats Moving Markets

ab- I gather this is only an interim decision. I hear at some point the Default swaps will be triggered.

hk ab 13:00 GMT March 1, 2012
Trade Talk- Whats Moving Markets

john, what's your interpretation of that then?

Boston eFX 12:52 GMT March 1, 2012
BarCap Looking To Buy EUR/CHF Dips
Reply   
(Dow Jones via eFXnews) Barclays Capital is looking to buy EUR/CHF dips into the 1.2040-1.2030 area, expecting a move back within the current range toward 1.21.

The bank says a break above......

BarCap Looking To Buy EUR/CHF Dips

GVI Forex john 12:45 GMT March 1, 2012
Trade Talk- Whats Moving Markets

-- Market-Moving News --

€/$ dips. ISDA no Greek default "event". Means no payout on Credit Default Swaps. We don't think the market knows what to do with this.


Fx Trading Discussion 12:38 GMT March 1, 2012 Reply   

I Hate Hedging

hk ab 12:37 GMT March 1, 2012
gold
Reply   
ok, all out 1714.5

too risky.

GVI Forex Jay 12:12 GMT March 1, 2012
Forex Weathermap - EURUSD
Reply   
11:40 GMT (Global-View.com) March 1 - EURUSD is still under a cloud as it is still feeling the effects of yesterday's storm. However, while the damage was pretty severe charts show it was not fatal with the short-term up channel still intact (long term channel remains down).

Forex Weathermap- EURUSD

ed kw 12:06 GMT March 1, 2012
usdcad

ferst aud than ca

israel te 12:02 GMT March 1, 2012
usdcad

thats true, but yesterday oil dropped and cad went up a whole 1%!...confused here....

hk ab 12:01 GMT March 1, 2012
gold
Reply   
stop raise to b.e

GVI Forex Blog 12:01 GMT March 1, 2012 Reply   
The euro remained weak against the dollar on Thursday on profit-taking after a huge injection of cash by the European Central Bank, with further losses likely due to concerns about debt and a fragile euro zone economy.

FOREX NEWS - Euro stays weak on profit-taking, dollar recovers

edmonton kw 11:56 GMT March 1, 2012
usdcad

oil is ca ,poss see 108.90

hk ab 11:55 GMT March 1, 2012
gold
Reply   

Entry: 1709.8 Target: 1736 Stop: 1704.9 (ask)

entered.

hk ab 11:54 GMT March 1, 2012
gold

RF, as long as yen crosses do not give up, gold may not just die (dive) alone.

Boston eFX 11:53 GMT March 1, 2012
ECB's Makuch: Inflation Well Anchored, No New LTRO Planned
Reply   
(Dow Jones via eFXnews) Euro-zone inflation remains well anchored and there are currently no plans for another round of the European Central Bank's latest refinancing operation, a member of the ECB's governing council said Thursday.

"I don't expect we'll......

ECB's Makuch: Inflation Well Anchored, No New LTRO Planned (full story)

hk ab 11:53 GMT March 1, 2012
gold

RF, risky biz.

added 1709.6.

London BT 11:53 GMT March 1, 2012
usdcad

Look at eurcad for your answer

HK RF@ 11:49 GMT March 1, 2012
gold

hk ab 11:47

The risk Gold at 1706 soon

hk ab 11:47 GMT March 1, 2012
gold
Reply   
SAR 1710, tight s/l.

israel te 11:45 GMT March 1, 2012
usdcad
Reply   
any commebnts on this pair?? whats going on thats the CAD is so strong??

Boston eFX 11:40 GMT March 1, 2012
Commerzbank: EUR/USD Upside Limited
Reply   
(Dow Jones via eFXnews)That could be it for EUR/USD upside, says Commerzbank technical analyst Axel Rudolph. Wednesday's key day reversal (traded above, closed below the previous day's range) could mark the end of the recent bullish consolidation phase.

He says a sustained ...

Commerzbank: EUR/USD Upside Limited (full story)

hk ab 11:38 GMT March 1, 2012
gold
Reply   
close 3/4 gold shorts from 1724.8 @ 1710.5

think I cna have a chance to add again later......

GVI Forex john 11:28 GMT March 1, 2012
Trade Talk- Whats Moving Markets

Lousy correlations to EURUSD at moment, but
DAX +28

futures:
DJ +18
SP +2

GVI Forex Blog 11:19 GMT March 1, 2012 Reply   
The EUR/USD was trading around the 1.3340 leve and slightly positive from its Asian opening level. The current resistance was seen at the 1.3365 level, which was a former hourly support line earlier in the week.

TradeTheNews.com European Market Update: ISDA scheduled to meet to determine whether a Greek credit event occurred; Euro Zone Unemployment hits 15-year high

GVI Forex john 11:14 GMT March 1, 2012
Global-View.com Forex Heat Maps
Reply   
Global-View.com Forex Heat Map

Forex Trading Tools Index

Refresh Forum MANUALLY to update table


HK RF@ 11:09 GMT March 1, 2012
USD/JPY
Reply   
Sell USD/JPY at 81.60 if seen.

HK RF@ 11:06 GMT March 1, 2012
USD/JPY looks like double top at 81.60
Reply   
For the time frame I observe a pull back from the said d.top may ensue.

GVI Forex john 11:06 GMT March 1, 2012
Trade Talk- Whats Moving Markets

  • Key Items: US- Weekly Jobs. PCE, mfg PMIs, Construction Spending.

  • A major focus today will be the second round of testimony by Chairman Bernanke. His prepared text is always the same but the Q&A session will afford him a chance to clarify anything he said yesterday. His Wednesday testimony roiled the markets as his comments about the recent improvement in employment were taken as a signal that additional QE is not coming anytime soon.

  • Today is seeing numerous global PMI releases.

  • Chinese I data were better, but were on either either side of the "50" expansion or contraction line. 

  • The ECB LTRO announcement yesterday saw a EUR 529.531bln drawdown of three year funds from the ECB. The markets expected a drawdown of around EUR 500 bln. 800 banks participated.

  • The hope is that funds will be allocated to lending in the European economy, however business demand reportedly has been weak..

  • The USDJPY spiked higher on Wednesday following reports of official buying. March fiscal end of year flows are often in the opposite direction. 

Your thoughts, comments questions, additions, etc, needed and appreciated!

PAR 10:40 GMT March 1, 2012
European Bond Auctions
Reply   
European bond auctions going extremely well as € trillions of taxpayers money are recycled thru the ECB to buy periferal European bonds.

A common sense investor would stay miles away from those bonds but Draghi as a kind of Ponzi is indirectly putting european taxpayers money in those toxic assets and so postponing the structural reform that is needed.

HK RF@ 10:36 GMT March 1, 2012
Euro soon at 1.3250
Reply   
.

Tunapuna 10:31 GMT March 1, 2012
Autotrading Forex with Zulutrade
Reply   
Hello guys, quick question?

Any of you have used auto-trading platforms to either follow or sell signals? I just opened a demo with zulutrade....would be nice to hear others' experience...

London Misha 10:27 GMT March 1, 2012
Observations
Reply   
EURUSD - Small Ascending Triangle turns into Double Top with a Key Reversal Down on Daily Chart!
USDJPY - Bullish Engulfing Pattern & a close again over the 80.55 Fib on Daily Chart.
GBPUSD - Shooting Star on Daily Chart but market bounces off Long MA support.
USDCHF - Descending Triangle turns into Double Bottom with Key Reversal Up on Daily Chart!
EURGBP - Long Black Marubozo follows Shooting Star on Daily Chart.
EURJPY - Doji on Daily Chart.
USDCAD - Still a follow on from Gravestone Doji on the Daily Chart. 3rd close below Long MA & new 2012 low.
AUDUSD - Possible Advance Block & new 2012 high turns into Key Reversal Down. All on Daily Chart.

GVI Forex Blog 10:25 GMT March 1, 2012 Reply   
10:25 GMT (Global-View.com) March 1- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is opening Thursday in North America at .5100, -0.24% from its Wednesday close (-5.21% vs. end-2010).

Global-View D.O.G. Index March 1, 2012 U.S. Open

Uk Malc 10:22 GMT March 1, 2012
today
Reply   
Quiet start to the month after yesterday's carnage. Watch US data today to see if risk on can be revived.

GVI Forex john 10:21 GMT March 1, 2012
Global-View D.O.G. Index
Reply   
10:25 GMT (Global-View.com) March 1- The Global-View.com D.O.G. (Dollar, Oil, Gold) investor purchasing power index is opening Thursday in North America at .5100, -0.24% from its Wednesday close (-5.21% vs. end-2010).

As for its key subcomponents, the USD forex purchasing power index is .7696, -0.17% (-1.10% vs. end-2010). The forex index is value is calculated against the top six trading currencies.

Against gold, the USD purchasing power index is worth .1677, -0.51% (-17.37% end-2010).

Against crude, it is at 0.4158, -0.38% (-14.75% end-2010). The D.O.G. Index base is 1.00. It is measured against levels from the start of 1999, as of the initial launch of the euro (currency).

D.O.G. Homepage

GVI Forex john 10:12 GMT March 1, 2012
LIVE FX SQUAWK BOX

-- FREE! LIVE FX SQUAWK BOX --

TALKING-FOREX Live forex squawk box and news headlines. Click FX SQUAWK on Navigation Bar. Once on live headlines page, click on SPEAKER Icon on the top right to start live audio. Service active M-F 6:30-21:30 GMT.

GVI Forex john 10:05 GMT March 1, 2012
Trade Talk- Whats Moving Markets



Flash estimate in line with forecasts...

GVI Forex john 10:00 GMT March 1, 2012
Trade Talk- Whats Moving Markets

-- ALERT --
flash HICP (CPI) February 2012
Headline
yy: +2.7% vs. +2.6% exp. vs. +2.60% prev.

EZ Unemployment January 2012
10.7% vs. 10.40% exp. vs. +10.6%r prev.



TTN: Live News Special Offer

GVI Forex john 09:49 GMT March 1, 2012
Trade Talk- Whats Moving Markets



-- Earlier Data --
Swiss PMI November 2011
49.0 vs. 48.5 exp. vs. 47.3 prev.


TTN: Live News Special Offer

GVI Forex Blog 09:40 GMT March 1, 2012 Reply   
Key Items: US- Weekly Jobs. PCE, mfg PMIs, Construction Spending. A major focus today will be the second round of testimony by Chairman Bernanke. His prepared text is always the same but the Q&A session will afford him a chance to clarify anything he said yesterday. His Wednesday testimony roiled the markets as his comments about the recent improvement in employment were taken as a signal that additional QE is not coming anytime soon.

Forex Trade Talk 11:00 GMT 1 March 2012

GVI Forex john 09:34 GMT March 1, 2012
Trade Talk- Whats Moving Markets



U.K. Mfg PMI A bit weaker than forecast...

GVI Forex john 09:28 GMT March 1, 2012
Trade Talk- Whats Moving Markets

-- ALERT --
GB Mfg PMI February 2012
51.2 vs. 52.0 exp. vs. 52.0r prev.



TTN: Live News Special Offer

HONG KONG acetrader 09:23 GMT March 1, 2012

Reply   
USDJPY
Entry: Target: Stop:

Although intra-day dlr's broad-based strength has lifted price fm 80.83 to 81.15, renewed cross- buying of yen in Europe has pressured dlr n margi- nal weakness cannot be ruled out, however, sup at 80.78 (prev. res) shud hold n yield rebound later. Stand aside n hold long for day trade. Abv 81.15 wud indicate pullback fm 81.40 (AUS) over, 81.40...

TRENDSETTER/ACETRADER

KL KL 09:22 GMT March 1, 2012
gold

hmmm gold a bit strong...so set limit Sell 1741.9...and go to bed....hope i don't see short covering until 1761 to take me out....LOL....

Very tempted to take a small entry here 1723.9 stops 1727....ok in ... and off to bed....good luck to me.....then short again 1735 with stops 1739.....robot taking over now.......I like Ben to cough today....LOL...

2nd limit short apple 555..... keep adding every 15 bucks above until NFP next week..... gl gt all....

HONG KONG acetrader 09:12 GMT March 1, 2012

Reply   
USDJPY
Entry: Target: Stop:

Although intra-day dlr's broad-based strength has lifted price fm 80.83 to 81.15, renewed cross- buying of yen in Europe has pressured dlr n margi- nal weakness cannot be ruled out, however, sup at 80.78 (prev. res) shud hold n yield rebound later. Stand aside n hold long for day trade. Abv 81.15 wud indicate pullback fm 81.40 (AUS) over, 81.40...

ACETRADER

GVI Forex john 09:00 GMT March 1, 2012
Trade Talk- Whats Moving Markets



EZ mfg unrevised

GVI Forex john 08:58 GMT March 1, 2012
Trade Talk- Whats Moving Markets

-- ALERT --
EZ- Final MFG PMI February 2012
49.0 vs. 49.0 exp. vs. 49.0



TTN: Live News Special Offer

GVI Forex john 08:56 GMT March 1, 2012
Trade Talk- Whats Moving Markets




China pmis in line..

GVI Forex john 08:49 GMT March 1, 2012
Trade Talk- Whats Moving Markets
Reply   

-- EARLIER --
China PMIs February 2012
HSBC: 49.6 vs. 49.7 exp. vs. 48.7 prev.
NBS: 51.0 vs. 50.7 exp vs. 50.5 prev.


TTN: Live News Special Offer

Saar KaL 08:45 GMT March 1, 2012
Death cross of some kind ?

will buy near 1.3150 for eurusd

Saar KaL 08:43 GMT March 1, 2012
GBP/USD

gbpusd
i agree till 1.55 to 1.56 area

Saar KaL 08:42 GMT March 1, 2012
KaL's Trend and Level

gold and silver
buyin and adding
they are heading to new highs
1820 for gold...Might take a week

sofia kaprikorn 07:54 GMT March 1, 2012
GBP/USD
Reply   
GBP/USD

Daily chart has that lovely PIN BAR formation suggesting a downward reversal from current levels, not?

Auckland DP 07:52 GMT March 1, 2012
Death cross of some kind ?
Reply   
EURUSD
Entry: Target: Stop:

Just spoke to my trader. Their chartist just pointed out that the 10 day average and the 100 day average on the Euro are at a cross. Obviously this doesn't happen very often and its special kind of pricing action/phenoma that creates this. Combine this with a major 1.33/1.3320 pshycologival support and this could well the turn for the next few weeks traders have been waiting for especially if Bernanke is going to provide the catalyst tonight again....but then again he could surprise and announce QE3

GVI Forex Blog 06:58 GMT March 1, 2012 Reply   
- (CN) CHINA FEB HSBC MANUFACTURING PMI: 49.6 V 48.8 PRIOR (4th consecutive contraction; 4-month high) >- (CN) CHINA FEB PMI MANUFACTURING: 51.0 V 50.9E (5-month high, 3rd consecutive increase) -

TradeTheNews.com Asian Market Update: No hard landing in China, while Australia's two-speed economy continues to rear its ugly head

Bris SNS 06:42 GMT March 1, 2012
AUDUSD

Sell AUDUSD
Entry: 10744 Target: 10500 Stop: 10870

Should be stop 108.70 target 105.00

Bris SNS 06:40 GMT March 1, 2012
AUDUSD
Reply   
Sell AUDUSD
Entry: 10744 Target: 10600 Stop: 10500

Entered

KL KL 06:32 GMT March 1, 2012
gold

kwun, ab

phew...finally out 6/7 gold short 1718.2...held prisoners and kept shorting up until 1725....$2-3 up.....luckily have armada account...and now happy to collect about 200 pips...leave the rest at 1720.11....for sudden drop to 1600......LOL

this rally retracement was unbelievable......I caught so many near 1789....but quit too early....otherwise I can come to Hong Kong and have dinner on AB happy day.....

Today fields of dream........will reshort near 1720 and strick stops 1723.....waiting now for rebound??...lets see

Syd 06:04 GMT March 1, 2012
the Bundesbank, the ECB requires better security
Reply   
Bundesbank president has warned Jens Weidmann Mario Draghi, president of the European Central Bank, before the growing risks in the euro system and proposed a return to the safety rules in force before the commencement of the financial crisis. In einem Brief, dessen Inhalt der FAZ bekannt ist, nimmt Weidmann ausdrücklich auf die wachsenden Target-Forderungen Bezug. In a letter, the contents of the FAZ is known, Weidmann refers explicitly to the growing demands regarding target

FAZ

HK Kwun 05:50 GMT March 1, 2012
gold

sure, what is your no? indeed, today gold rebound more than I think, from 1690-1724, $44, almost 50%.

hk ab 05:41 GMT March 1, 2012
gold

I will tell you in a dinner with me. :P

Just joking.

I will add if 1727-8 seen. all stops at 1736, then, will figure out where to short at 1748-1752 region...

Boston eFX 05:40 GMT March 1, 2012
Silver Lining For Euro: 'Carry Trade' Role Won't Add Pressure
Reply   
(Dow Jones via eFXnews) The euro may be unloved by investors around the globe, but it's unlikely to be dragged down by the dreaded "carry trade."

For years, Wall Street analysts have speculated that the euro could suffer at the hands of this investment strategy, which involves borrowing money in countries where loans are cheap and investing the proceeds where interest rates--and therefore returns on investment - are higher.

The euro's day of reckoning seemed ....

Silver Lining For Euro: 'Carry Trade' Role Won't Add Pressure (full story)

HK Kwun 05:37 GMT March 1, 2012
gold

how's you get this figure? others are talking about 1732

hk ab 05:31 GMT March 1, 2012
gold

Kwun, it's just everyone is looking at the same chart from the same angle just.......

It's too obvious for this 1724.8.......

HK Kwun 05:23 GMT March 1, 2012
gold

ab, your timing is quite good

Syd 05:11 GMT March 1, 2012
Euro crisis, MF Global, Fast & Furious, KBR, detention/emergency center staffing, food storage
Reply   
Euro crisis, MF Global, Fast & Furious, KBR, detention/emergency center staffing, food storage

link

hk ab 04:57 GMT March 1, 2012
gold
Reply   
ok, Mission complete, short at 1724.8 now.

HK Kwun 04:28 GMT March 1, 2012
gold

KL, you are still holding your short at 1710?

Open 04:07 GMT March 1, 2012 Reply   

EUR/USD Daily Asia Outlook 03/01

Open 04:05 GMT March 1, 2012 Reply   

GBP/USD Daily Asia Outlook 03/01

Open 04:01 GMT March 1, 2012 Reply   

USD/CAD Daily Asia Outlook 03/01

Open 04:00 GMT March 1, 2012 Reply   

USD/CHF Daily Asia Outlook 03/01

hk ab 03:59 GMT March 1, 2012
gold
Reply   
1725..... almost almost......

Forex Broker News 03:08 GMT March 1, 2012 Reply   

AVAFX's BIGGEST BONUS EVER

USA Los Angeles 02:03 GMT March 1, 2012
gold

cover my long from 1710 at 1725.

HK Kwun 01:56 GMT March 1, 2012
gold

ab, Gold down again? KL, your short is being caught

hk ab 01:46 GMT March 1, 2012
yen
Reply   
I don't see how this pair will not be raided after gold......

hk ab 01:36 GMT March 1, 2012
gold

correction maybe 1725......

hk ab 01:34 GMT March 1, 2012
gold

KL, will cover my long from 1701 at 1720.

Too thrilled......

from 1790 down to 1730 then 1730 to 1736, then 1736 to 1720 then 1720 to 1727 then 1727 to 1701....

now from 1701 to 1720 (hopefully), flat now.....

Boston eFX 01:30 GMT March 1, 2012
Gross Greek CDS Volumes, Counterparty Risk Worth Watching
Reply   
(Dow Jones via eFXnews) Market participants are trying to determine the impact should Greek CDS be triggered. If Greek bonds are valued at 26 cents on the dollar, the payouts would be 74 cents of par. However, that assumes all trading parties meet their financial obligations.

Gross amount of Greek CDS is $69.9B, an amount that would ...

Gross Greek CDS Volumes, Counterparty Risk Worth Watching (full story)

KL KL 01:22 GMT March 1, 2012
gold

kwun, rf, ab...

be interested to see how c9 reacts...buy more...since this early morning...now all c9 laughing from a move from 1695 to 1713.....no small bikies.....lets see how much more they are buying.....hope they have covered by now....maybe be a little greedy...1720??

Some c9 I am sure wake up to shock horrors...those who shorted shock and awe....LOL

Boston eFX 01:20 GMT March 1, 2012
UBS 'Increasingly Bullish' On Canada Dollar
Reply   
(Dow Jones via eFXnews)UBS is "increasingly bullish" on Canada dollar and expects increased investor interest in Canada in the context of a shrunken pool of triple-A credits. "

Although it has its weaknesses, the fundamentals ....

UBS 'Increasingly Bullish' On Canada Dollar (full story)

KL KL 01:08 GMT March 1, 2012
gold

and add more 1713.78.......avg now close to 1711....can add many more shorts...need to test this retrace.....will cover when 1711 seen or if it slide thru quick keep for 3 weeks....

HK Kwun 01:06 GMT March 1, 2012
gold

I got killed too

KL KL 00:53 GMT March 1, 2012
gold

add more gold shorts here 1710....nice retrace...pity...did not wait long enough to cover long $5 is a lot of lost gold.....

Forex Signals 00:50 GMT March 1, 2012 Reply   

Max McKegg's Special Update

HK RF@ 00:43 GMT March 1, 2012
gold

dc CB 00:27 GMT

Seems the bankers began their attack days before yesterday...It was all in the charts:)

AMS T 00:30 GMT March 1, 2012
gold

COP worry about headights brain drain secret! DIY

dc CB 00:27 GMT March 1, 2012
gold

Good evening Ladies and Gentlemen;

The bankers used the cover of Bernanke's speech to congress in that he was "taking the punchbowl" away.
This again is complete balderdash as somebody has to finance the big USA deficit of 1.2 trillion dollars.The USA is continually engaging in QEIII and you could tell by the rising M2 levels and the increase in the Fed balance sheet. Yesterday I remarked that it was unusual for the bums not to attack the day before first day notice. It was the first time I could recall that this occurred. However, we all know that the bankers had a master plan and the attack was to start at exactly 10 o'clock and precisely the time Bernanke began to talk.
Amazing how the bankers knew in advance what to do.

Gold fell by 67.00 dollars to $1720.00. Silver was hit for a loss of $2.42 to $34.72. The new longs which entered the comex these past few days got annihilated as they did not understand how the banking cartel work their criminal magic

Here are 4 gold and silver specialists who basically report that today was nothing but manipulation

AMS T 00:25 GMT March 1, 2012
gold



Buy ...
Entry: Target: Stop:

50x200 nothin but upside for gold. buy on dip opfertunity!

HK RF@ 00:24 GMT March 1, 2012
gold
Reply   
1650 target may become a good possibility if gold breaks it's recent low.

Just forgot to mention, that for weekly reversal we must watch this Friday close(if indeed)....so Friday is another critical day of this week :::)

KL KL 00:23 GMT March 1, 2012
gold

RF, ab

.....LOL

The move was too fast and vicious, so expect lot of victims hanging still on high branches and the looters will definitely wait.

Maybe ...I should add that the tree they are hanging onto is being choped ....Timbeeerrrrrr!!....LOL

Trading is survival.....and many were waiting for days like these.......but no one knows when and sometimes not trading 2-3 days is good.....for reflections and recover to fight another day...

matsudo matsudo 00:13 GMT March 1, 2012
jpy

Sell USDJPY
Entry: 82.05pending Target: open Stop: 82.60

leaving orders...happy trade

KL KL 00:12 GMT March 1, 2012
Ninja Trade Ideas - Gold
Reply   
ok sold gold now 1705.5....lets hope for the plunge to 1690 or lower.....keep adding evey $2-3 above......yippie...its working.>>SELL

00:10 GMT March 1, 2012 Reply   

PFGBEST Typhoon FX

KL KL 00:04 GMT March 1, 2012
gold

OK HAPPY TO COVER GOLD HERE 1703.....notice caps....LOL

now to wait for lower...like under 1695 to long....or will there be an excitement pop up between now and this afternoon to 1723....

Gold is down big time and I was scammed.....thought I deleted limit long near 1722.....luckily stops took me out at 1712.....So word of advise....time to REVIEW all those limit position....and fish accordingly....this was another $100 plunge of gold from high....a repeat of the last one....those longs are wiped clean...all those month hard work wiped by a Ben Speech....what a scam.

Now these Fundies smell blood could be a raid soon to 1740?? who knows or 1600....?? Those who don't put stops on such a move would be wiped! So trade with stops is a must especially these few days......pity my shorts on gold near 1797-1804....did not catch any happy last hours......but AUD and EUR, Eurchf, Nzdcad, gbpaud....all got some in the kitty...some long some short...

Now we wait for follow thru for gold or was this just a bear raid...or trap door....btw Apple also in my sight......the highest market cap company....PHOOOO....and there I was about 13 years ago thinking if I should buy and hold apple under $10......when Microsoft was KING!!!....now need to start Selling apple beginning yesterday at 546....next 555...until bankrupt!!...LOL

 




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