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Forex Forum Archive for 05/08/2013

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GVI Forex 23:58 GMT May 8, 2013
Australia
Reply   
Outlooks
Event risk today: It�s a double header in the Antipodes today, employment reports from both NZ and Australia released today. Westpac economists expect an improvement in both cases and are slightly above consensus. There�s also China�s CPI to watch, plus the BOE tonight.

Westpac Mornng Report

GVI Forex Jay Meisler 23:44 GMT May 8, 2013
I would gladly recommend that everybody give it a try.

I was just asked about CSA and what makes it unique

I gave it some thought and said what it does is take the randomness out of what can sometimes seem like random price action. My system makes sense of it and paints a clear picture.

GVI Forex 22:50 GMT May 8, 2013
NZ
Reply   
NEW ZEALAND Q1 UNEMPLOYMENT RATE 6.2%; MNI MEDIAN 6.9%

GVI Forex 22:42 GMT May 8, 2013
I would gladly recommend that everybody give it a try.

I need a favor:

We have had a lot of visitors to www.ICSForex.com over the past several weeks and if you were one of them I would appreciate if you would contact me by EMAIL

It would really be appreciated as we are looking for feedback

GVI Forex Inner Circle 21:56 GMT May 8, 2013
I would gladly recommend that everybody give it a try.
Reply   
jay meisler

-- They say one picture says a thousand words. This post on the Forex Forum says it all.--


Polokwane CS 14:25 GMT May 8, 2013
CSA Rules: Reply

Fellow Traders

The CSA trading that Jay developed is exactly what it says,
a Common Sense Approach trading system. See attached chart of EURUSD 5 minutes of today, it was an easy ride from bottom to top and it helped you to stay out of trouble.

I would gladly recommend that everybody give it a try.


Great value! Get access for free by opening an account with

www.ICSForex.com

dc CB 21:50 GMT May 8, 2013
JP Morgan Has Zero Trading Losses In The First Quarter
Reply   
Earlier it was Bank of America reporting a perfect trading quarter, with profitability on 60 out of 60 trading days, and now it is JPMorgan's turn.

Moments ago, Jamie Dimon's firm filed a 10-Q in which, among other things, it announced than in the quarter ended March 31, it was profitable on 63 out of 63 trading days and had one day in which it gained more than $200 million, or said simply another case of trading perfection unmatched anywhere in the known universe except perhaps by sellers of newsletters on Twitter.

ZH

dc CB 21:22 GMT May 8, 2013
Another Day, Another Record High Close
Reply   
From the November lows, the S&P 500 has gained an impressive 21.5%. This is at an annualized rate of over 50%

ZH

london red 21:13 GMT May 8, 2013
BOE, Australia jobs and China CPI awaited

You may want to add japanese foreign investment flows into the calendar tonight. Have been net sellers of foreign bonds for last month, a negative number ie net buyers may release yen towards 100. The data is however in arrears and tonights data covers the week from the 21st april. I think may data may still show net selling of fb but tonights release may be closer to outflows from japan than last weeks 8,626. Next week and the week after should be a different story imo with japanese net buyers.

GVI Forex Inner Circle 20:27 GMT May 8, 2013
BOE, Australia jobs and China CPI awaited
Reply   

  • HIGH IMPACT ITEMS: AU- Employment, CN- CPI, GB- BOE, US- Weekly Jobless, 30-yr Auction
  • The major focus into Thursday will be the release of Australian employment data. A major Aussie bank is calling for a 25bp cut in the cash rate target (now 2.75%) in June and for a 2.00% cash rate target by 2014. Therefore the jobs data will be watched very carefully.
  • RBNZ weighed in with concern about the strength of the kiwi. All currencies cannot weaken against all others.
  • Chinese CPI due early Thursday is always closely followed. The April trade surplus was a larger than expected USD 18.16bn.
  • Swiss April CPI fell -0.6% y/y. Deflation persists.
  • The strength of U.S. equities has started to generate concerns in some circles. Easy money all around fueling shares everywhere.
  • ECB Governor Asmussen echoed President Draghi saying that ECB Monday is prepared to act again if more help is needed. We feel the ECB would not be unhappy with a weaker EUR.
20d avg
10-yr
Equities
EURUSD 1.3080
JGB 0.59% 0bp
Asia:Higher
USDJPY 98.56
Bund 1.29% +5bp
Europe Higher
EURJPY 128.93
U.S.1.76%  -2bp
U.S.:Higher

GVI Forex Blog 20:26 GMT May 8, 2013 Reply   
HIGH IMPACT ITEMS: AU- Employment, CN- CPI, GB- BOE, US- Weekly Jobless, 30-yr Auction The major focus into Thursday will be the release of Australian employment data. A major Aussie bank is calling for a 25bp cut in the cash rate target (now 2.75%) in June and for a 2.00% cash rate target by 2014. Therefore the jobs data will be watched very carefully.

BOE, Australia jobs and China CPI awaited

GVI Forex Blog 20:21 GMT May 8, 2013 Reply   
Event risk today: It’s a double header in the Antipodes today, employment reports from both NZ and Australia released today. Westpac economists expect an improvement in both cases and are slightly above consensus. There’s also China’s CPI to watch, plus the BOE tonight.

Forex - Westpac Morning Report

Mtl JP 20:08 GMT May 8, 2013
The Air Force publicly called the inspection a "success."
Reply   
AP EXCLUSIVE: AIR FORCE SIDELINES 17 NUKE OFFICERS - AP May 8, 12:15 PM EDT

and they make out NK to be the danger ?

GVI Forex Inner Circle 19:58 GMT May 8, 2013
Chart Points

Preliminary Closing Trading Points...
many more chart points
About Moving Averages
About Bollinger Bands


GVI Forex Inner Circle 19:49 GMT May 8, 2013
Chart Points
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.

ed kw 19:42 GMT May 8, 2013
Trading the sup & ress. levels

week aud until new gov.

ed kw 19:38 GMT May 8, 2013
Trading the sup & ress. levels

poss aud/chf for 1/2 year

JERUSALEM kb 19:35 GMT May 8, 2013
Trading the sup & ress. levels

hit sl with 20pips-

Mtl JP 19:35 GMT May 8, 2013
eurusd

Tallinn viies ...fiats and their self-important and aggrandizing meddlers. that last para about AAA rating is priceless.

One thing seems for sure: as long as these policy-making meddlers are afforded relevance in and by the market, bid and ask are going to be rigged as the spread. It means that relative quantity of money will be the dominant force trumping desirability based on quality, rated or otherwise assessed.

Indonesia-Solo Raden Mas 19:25 GMT May 8, 2013
gold
Reply   
many soldier of fortune ships come soon.LOL
ready to pick up big boy in this battle.
come in.

JERUSALEM kb 19:18 GMT May 8, 2013
Trading the sup & ress. levels

Sell OTHER
Entry: dowjones 15030 Target: 14980 Stop: 15050

sold dow

Indonesia-Solo Raden Mas 19:11 GMT May 8, 2013
gold
Reply   
be carefull my friends.
sell signal 1 minutes chart (shoot distanc 5 $) have passed be built. again and 5 minutes chart (shoot distance 10-15 usd) have passed be built too. 15 minutes chart (daily range still be build but still on the process. I hope we wil see nice movement in this night(Jakarta Time).
good luck an lets go!!!

Tallinn viies 19:02 GMT May 8, 2013
eurusd
Reply   
currency wars - new front opened
story from bloomberg

Borg Joins Wheeler in Escalating Response to Currency Gains

By Maram Mazen, Tracy Withers and Chris Kay - May 8, 2013


Sweden’s government abandoned its hands-off stance on the krona and New Zealand announced it sold the kiwi, joining a growing band of countries to escalate their response to strengthening currencies.

The New Zealand dollar fell to a five-week low after Reserve Bank Governor Graeme Wheeler said the central bank sold the kiwi and can do so again to protect growth. In Sweden, Finance Minister Anders Borg said the krona’s appreciation warrants central-bank consideration. The won’s advance prompted Kim Seong Wook, a director in South Korea’s finance ministry, to say the government will closely monitor any “unnecessary movement” that increases exchange-rate volatility.

“The krona could become an issue, particularly from the central bank perspective; there are some good arguments for them to consider how to look at the krona,” Borg said yesterday in an interview in Abuja, Nigeria. “It should be based on fundamentals and obviously priced on the market, but there are also some risks you’ll see too much of an appreciation. That’s obviously one of the worries we have.”

Sweden, which exports half its economic output, is reversing course after earlier this year vowing not to interfere with the exchange rate. Borg joins policy makers from Japan to Switzerland to Israel, all struggling to contain appreciations that have hurt their exports. In Turkey, the central bank’s gauge for measuring lira strength signals a rate cut is needed to adjust the exchange rate.

More Countries

“More and more countries will end up adopting monetary policies where their currencies become part of their monetary policy,” Paul Lambert, head of currency and fixed income at Insight Investment Management Ltd., said today at a Euromoney conference in London. “In that world, it will become increasingly difficult to hang together the kind of collegiate economic environment that we’ve grown used to.”

The krona has gained 4.4 percent against the euro in the past year and traded little changed at 8.5428 per euro at 3:09 p.m. London time today. The so-called kiwi dollar slid 0.8 percent to 83.88 U.S. cents and fell to as low as 83.60 U.S. cents, the weakest level since April 1.

In Japan, the yen sank 20 percent against the dollar in the past six months, the most among major currencies, betting that expanded easing by Prime Minister Shinzo Abe’s pick to run the central bank would debase the currency.

At his first policy meeting on April 4, Bank of Japan Governor Haruhiko Kuroda pledged to double monthly bond purchases to about 7 trillion yen ($70.9 billion) in an effort to stoke inflation and revive the economy.

Switzerland already caps the level of its franc against the euro at 1.20.

‘Aggressive Comments’

The Australian dollar matched its weakest level in two months today after the Reserve Bank lowered its benchmark interest rate yesterday. Governor Glenn Stevens reduced the overnight cash-rate target by 25 basis points to 2.75 percent, saying in a statement that the Aussie’s record strength “is unusual given the decline in export prices and interest rates.”

“Central banks who haven’t had a need to cut rates are seeing that their currencies have appreciated and they are having to lean against this strengthening pressure,” Michael Sneyd, a currency strategist at BNP Paribas SA in London, said today by phone.

“New Zealand is where we’ve had the most aggressive comments and action. It is causing some long kiwi positions to be taken out,” he said. A long position is a bet the price of an asset will rise.

The Reserve Bank of New Zealand publishes monthly figures for its net currency sales that may or may not involve direct intervention, which show it sold NZ$2 million in March, and NZ$199 million in December. It had an intervention capacity of NZ$8.7 billion at March 31, the data show.

Developed Markets

The Swedish krona’s 6.8 percent appreciation over the past 12 months is the best performance in a basket of 10 developed- market currencies tracked by Bloomberg in the period, after the New Zealand dollar’s 7.6 percent gain.

Wheeler’s announcement today marked the first time that New Zealand’s central bank confirmed a currency intervention since June 2007, when it sold New Zealand dollars.

The krona has soared about 28 percent against the euro since the end of 2008, sparking calls from Swedish exporters to stem its ascent. Riksbank Governor Stefan Ingves acknowledged last month the strong krona has undermined the bank’s efforts to achieve its inflation target.

In neighboring Norway, the krone jumped at least 0.8 percent against all of its 16 major peers today after the central bank kept its benchmark deposit rate at 1.5 percent today, matching the median estimate in a Bloomberg survey of economists, even as credit growth and property prices continued to rise from records. Governor Oeystein Olsen has warned he’s ready to cut rates should krone strength persist.

Forecasts Cut

Poland’s zloty was little changed versus the euro after the central bank cut its benchmark interest rate to a record low. The won strengthened 0.5 percent to 1,086.55 per dollar.

Borg last month cut his forecasts for Sweden, citing the krona’s impact on exports and unemployment. The Riksbank on April 17 said it needs to delay monetary tightening plans until the second half of 2014 as it forecast price growth won’t reach its 2 percent target until 2015. Borg estimates Swedish unemployment will reach 8.4 percent in 2014, the highest rate in Scandinavia.

“There is a rebalancing of the Swedish economy,” Borg said. “We had a very weak currency for quite some time, but obviously we don’t want to see an excessive appreciation of the currency, so this is an issue that we’ll have to follow very carefully. I mean, we still want to keep our industry quite competitive.”

Sweden’s National Institute of Economic Research in March predicted the krona will reach 8.44 against the euro this year and at 8.41 in 2014. HSBC Holdings Plc last month estimated it will reach 8.10 per euro by the end of the year.

“I think we have a very high degree of market credibility with an AAA rating,” Borg said. “If anything, we’re actually seeing a little bit too much confidence in the krona.”

Indonesia-Solo Raden Mas 18:49 GMT May 8, 2013
gold
Reply   
if any better level of gold (new higher) I want to place sell always, but seem market is on lazy movement for it.
many thanks

Mtl JP 18:47 GMT May 8, 2013
Kiss the USD goodbye

probably a good bet that most everyone is aware of the rigging in the market - and that most everyone is in on the CB generated and fueled bubble bandwaggon. BUT lets not forget how the last two (dotcom and real-estate) CB initiated bubbles ended. So far the new Chinese operators have not been making overt noises about protecting the value of thier promissory note holdings (fiats), like Wen did; their silence is keeping them off the radar and thus takes a bit more snooping to be on alert for a possible "panic" as you termed it. Maybe we ll get your panic resolution sometime in 2014, finally after the German finally concedes to similar to FED and BoJ wild printing.

JERUSALEM KB 18:44 GMT May 8, 2013
Trading the sup & ress. levels

JERUSALEM KB 18:33:45 GMT - 05/01/2013

Sell AUDCAD
Entry: 1.0464 Target: 1.0175 Stop: 1.0410
AUDCAD
Entry: Target: Stop:

THIS WILL BE A NICE TRADE SETUP , there is a support breakout on daily and current candle is trying to close above support .
if it closes below support again i will go short for 1.0175 with stop above 1.0525.
========
Trading the sup & ress. levels: Reply

Entry: 1.0464 Target: 1.0175 Stop: 1.0365

==============
closed half with 105pips+
========

out now with 250pips+

Indonesia-Solo Raden Mas 18:43 GMT May 8, 2013
gold
Reply   
many people said gold will down to 984. lets see

Indonsia-Solo Raden Mas 18:42 GMT May 8, 2013
gold
Reply   
I beg your pardon if I am think gold about 1404/1388/1282.
free fall.

Indonesia-Solo Raden Mas 18:37 GMT May 8, 2013
gold
Reply   
where is big boy? so quite now?. I want to be given chart go higher. but if on the lazy chart I want to wait it. or maybe have been given topist at today?. its okay. I believe The Fed is fine till now with their money policy plan.

JERUSALEM KB 18:34 GMT May 8, 2013
Trading the sup & ress. levels



Buy OTHER
Entry: cadchf daily close above0.9330 Target: 0.9514-0.9585 Stop: 0.9290

a new order on cadchf if we have a daily close above0.9330
=======
sorry forget a sentence :
it is now retesting broken ress.. a daily close above it will turn it to a support

JERUSALEM KB 18:32 GMT May 8, 2013
Trading the sup & ress. levels

Buy OTHER
Entry: cadchf daily close above0.9330 Target: 0.9514-0.9585 Stop: 0.9290

a new order on cadchf if we have a daily close above0.9330

dc CB 18:30 GMT May 8, 2013
Kiss the USD goodbye

Mtl JP

coming to a theater near you. the real reason for the Gun Control push...revealed

http://www.youtube.com/watch?v=8Y-NqShTj5w

JERUSALEM KB 18:28 GMT May 8, 2013
Trading the sup & ress. levels

Buy Crude
Entry: 96.15 Target: 101.45-104.65 Stop: 94.70

JERUSALEM KB 21:30:26 GMT - 05/05/2013

Buy Crude
Entry: 96.15 Target: 99.75-105 Stop: 94
a buy stop will be placed when crude market opens
========
holding long with 2targets & sl

JERUSALEM KB 18:25 GMT May 8, 2013
Trading the sup & ress. levels

JERUSALEM kb 08:29:22 GMT - 05/06/2013

Buy
Entry: 99 35 Target: 101 Stop: 98.75
bought
==========
hit sl -60

JERUSALEM KB 18:24 GMT May 8, 2013
Trading the sup & ress. levels

JERUSALEM kb 19:19 GMT May 6, 2013
Trading the sup & ress. levels: Reply
Buy OTHER
Entry: cadchf0.9315 Target: 0.9370-open Stop: 0.9250

bought
==========
hit 1st target last night with 55pips+ and now closed 2nd half near b/e

Paris ib 18:08 GMT May 8, 2013
Kiss the USD goodbye

JP the FED is gonna do whatever it has to to appear solvent. I don't think they have a lot of options right now. Short term rates won't do much of anything, unless they rise so significantly that inflows into the States take off (think Volker and the 1980s). But, quite frankly, I think the status of the USD is so tarnished that raising interest rates wouldn't do all that much. The entire geo-political and economic mess in the U.S. (lying about weapons of mass destruction in Iraq, the weird search for Osama Bin Laden and the supposedly related invasion of Afghanistan, the corporate corruption which has gone unpunished and not resulted in any significant clean up.... ) means that the U.S. just looks a bit too much like a rogue state these days. They may have control of much of the financial media but the financial media hasn't exactly covered itself in glory these past ten years, so the propaganda machine is tarnished. A loss of credibility for a debtor nation is very dangerous.

Mtl JP 17:58 GMT May 8, 2013
Kiss the USD goodbye

Paris ib CNBC's Carney suggests that "Everything you think you know about the Fed's exit plan may be wrong"

and that the FED could hike rates before they taper their QEternity

dc CB 17:53 GMT May 8, 2013
Yet WTIC continues to climb
Reply   
U.S. commercial crude oil inventories rose to an all-time high for the second week in a row, according to the Energy Information Administration.

Nationwide crude supplies, excluding the Strategic Petroleum Reserve, totaled 395.5 million barrels during the week ended May 3, up 0.1% from the previous week, the administration said May 8 in its Weekly Petroleum Status Report.

Last week's crude inventories were up 4.2% from 379.5 million barrels a year earlier and are "well-above the upper limit of the average range for this time of year," the report said. The previous week, supplies surpassed the previous record set in July 1990. The administration's inventory records go back to 1982.

Paris ib 17:42 GMT May 8, 2013
Kiss the USD goodbye

When push comes to shove and the FED has to choose between saving the bond market or saving the stock market, they will go with bonds. Ultimately I doubt they can save any of it: not the USD, not U.S. Treasuries, not the U.S. Stock market and not the U.S. economy. But attempts will be made. And they need to keep the U.S. Government afloat. So bonds are their first priority. It's gonna be interesting.

Paris ib 17:37 GMT May 8, 2013
Kiss the USD goodbye

CB...... hahahahahahaha
You know I heard about that vaguely. Jeez.
I just looked it up...... what a hoot (well not really, but you know what I mean).

Ken Lay is alive.

dc CB 17:35 GMT May 8, 2013
Kiss the USD goodbye

they have huge holdings in Paraguay...that's where they are hosting Kenny Boy Lay...after he "died".

Paris ib 17:28 GMT May 8, 2013
Kiss the USD goodbye

Joe let's just say they probably know something the rest of us don't !! :-))

Cambridge Joe 17:28 GMT May 8, 2013
Kiss the USD goodbye

ib you can only salute their prescience !

beijing kaprikorn 17:27 GMT May 8, 2013
TREND

dc CB
---

just decided to post something instead of you:

one of those days the POMO will have a break and its correlated pairs will have a break as well.

POMO - Still Buying?

Paris ib 17:22 GMT May 8, 2013
Kiss the USD goodbye

Joe, it's reported that the Bush family, for example has bought huge land parcels in Central America.

dc CB 17:08 GMT May 8, 2013
Fixed Income

very sloppy...was trading 1.76ish at 1PM
$24bln

Primary Dealers $11.8
Directs $4.09
Indirects $8.1
____________________________________________________

POMO today was $3.00 - $3.75 billion

GVI Forex Inner Circle 17:03 GMT May 8, 2013
Fixed Income

10-yr 1.810%
bid to cover 2.70 vs. 2.68
2pt tail
sloppy

beijing kaprikorn 16:58 GMT May 8, 2013
TREND

Tentative reload for the "Sell in May" adage:
Sold GBP/YEN 153.81 / SL ~ 80pips

Cambridge Joe 16:54 GMT May 8, 2013
Kiss the USD goodbye

Chuck had the best idea with a Coffee plantation in Bogotá.

It's left Gold well in the shade and it just ... well... it just sort of GROWS in a way that gold doesn't ! :-)

Paris ib 16:50 GMT May 8, 2013
Kiss the USD goodbye

Joe think USSR.

Cambridge Joe 16:45 GMT May 8, 2013
Kiss the USD goodbye

ib I think that you have the essence of the situation perfectly.

The problem for us all is that when the house of cards does fall.... then it will be a different kind of world.

You don't maintain nine fully operational Battle Groups just so when things go bad you can have a 'Grapes of Wrath' re-enactment society.

No, you kick the Monopoly Board over, and start over. IMO.

GVI Forex 16:44 GMT May 8, 2013
Global Markets News
Reply   
EUR/USD drifted higher after another round of better German data. German March industrial production growth topped expectations just a day after better German March factory orders. EUR/USD climbed to one-week highs around 1.3180.

TradeTheNews.com US Market Update: Europe Leads US Equities Higher Once Again

Paris ib 16:36 GMT May 8, 2013
Kiss the USD goodbye

The U.S.'s biggest economic problem is keeping the U.S. bond market from imploding. The European 'crisis' helped for a time by encouraging safe haven buying of U.S. Treasuries. Once it was clear that the 'crisis' was being addressed things got trickier. Which is why Bernanke introduced QE infinity just after Draghi put a floor under the Euro in August 2012. Bernanke can't afford a debt spiral, which is where the cost of funding a high level of debt suddenly increases thus quickly adding to debt (in an ugly spiral).

So far QE infinity has worked. The only fly in the ointment is the USD. If the USD starts to take a serious hit, and there is no reason why it couldn't. In fact it's starting to look like there are lot of reasons that the money printing is catching up with Bernanke. If USD selling takes off it's only a matter of time before Bernanke is forced to 'taper' purchases. Then the U.S. bond market could see panic selling very easily and as a direct result the U.S. stock market would have only one way to go: down. This entire house of cards has been kept afloat with some pretty nimble market manipulation, both official and unofficial, but the day of reckoning draws closer.

The only thing that is important to the FED is keeping U.S. bond yields down for as long as possible. That really is their only objective: to appear to be solvent.

GVI Forex Blog 16:26 GMT May 8, 2013 Reply   
EUR/USD drifted higher after another round of better German data. German March industrial production growth topped expectations just a day after better German March factory orders. EUR/USD climbed to one-week highs around 1.3180.

TradeTheNews.com US Market Update: Europe Leads US Equities Higher Once Again

GVI Forex Inner Circle 16:17 GMT May 8, 2013
Fixed Income

10-yr auction at the top of the hour.

GVI Forex Inner Circle 16:15 GMT May 8, 2013
Fixed Income
Reply   
Major bond market prices mixed. Peripherals mixed as well.

Cambridge Joe 16:11 GMT May 8, 2013
in the selling mode

dk.
http://www.youtube.com/watch?v=6abYn1L1gMo

http://www.youtube.com/watch?v=6abYn1L1gMo

Mtl JP 16:07 GMT May 8, 2013
sell usd

manila tom Carney recently said that UK is an economy in crisis.

red your "non standard instruments such as qe" made me rofl.
printing as non-standard

london red 15:46 GMT May 8, 2013
-

he takes over as govenor from july with an updated remit. it will be growth/inflation as opposed to inflation and he has a tendency to looking at non standard instruments such as qe.

beijing kaprikorn 15:44 GMT May 8, 2013
TREND
Reply   
Reloading here shorts:
Sold EUR/USD 1.3182
Sold GBP/USD 1.5579 - Mind stops ~ 60 pips higher

manila tom 15:44 GMT May 8, 2013
sell usd
Reply   
BOE would not do anything, cable is therefore quite stable and comfortable in this 1.55-1.56 level. Upside bias is always there, UK economy was doing just fine.

dc CB 15:40 GMT May 8, 2013
Bank Of America Q1 Profitable Trading Days: 100%
Reply   
it had zero days (of 60 total) with any net trading losses: a track record that can only be matched by any daytrader on Twitter. After all, what is better than trading when there is no risk of loss.

And summarizing it all: since the start of the New Normal 2009, Bank of America has had 962 profitable trading days, with just 97 days with trading losses

a 90.8% win record

Mtl JP 15:37 GMT May 8, 2013
-

Red why Carney at the BoE ?

london red 15:32 GMT May 8, 2013
-
Reply   
cable approaching 15606 50% fibo once again. should hold once again at least until the boe meeting where no change is/should be expected. a euro breakout of current range while not expected, would drag cable higher, so if resistance is broken, levels approaching 1.58 would be on the cards. although recent data has been encouraging, cable would probably be ahead of itself at those levels so not worth chasing any higher, particularly as we approach 1st july and carney taking over as head.

to dk 15:28 GMT May 8, 2013
in the selling mode



f

manila tom 15:28 GMT May 8, 2013
keep selling usd wear diamonds

Clear big daily reversal on usdchf, bearish usd imho, see you much lower usd, bye for now

manila tomse 15:18 GMT May 8, 2013
keep selling usd wear diamonds
Reply   
Go go go euro and gbp, sell usd has been very easy and rewarding :) newfloor euro 1.31 ;)

to dk 15:17 GMT May 8, 2013
in the selling mode



youre good Rosie

gold even lower

800-900 in the longer term

SaR KaL 15:15 GMT May 8, 2013
KaL's Trend and Level



Cable 4hrs data series
Looks like 1.44 next month

GVI Forex Inner Circle 15:08 GMT May 8, 2013
United Kingdom
Reply   
Into the BOE decision Thursday. Gilts seem to be taking a neutral view, 10-yr yield is up as equities rise.


GVI Forex Blog 14:57 GMT May 8, 2013 Reply   
May 8, 2013 (global-view.com) UPCOMING DATA HIGHLIGHTS for Thursday, May 9. Updated: Trading Events Calendar HIGH IMPACT RELEASES: AU- Employment. CN- CPI, GB- BOE, US- Weekly Jobless, 30-yr Auction.

GVI Forex Data Outlook for 9 May 2013

GVI Forex Inner Circle 14:45 GMT May 8, 2013
Calendar
Reply   


May 8, 2013 (global-view.com) UPCOMING DATA HIGHLIGHTS for Thursday, May 9. Updated: Trading Events Calendar

HIGH IMPACT RELEASES: AU- Employment. CN- CPI, GB- BOE, US- Weekly Jobless, 30-yr Auction.

  • Far East: AU- Employment, CN- CPI, JP- Lead Indicators.
  • Europe: GB- Mfg/Ind Output, BOE Rates.
  • North America: US- Weekly Jobless, Wholesale Inventories, Natural Gas, 30-yr Auction.


  • Direct links to primary data sources


Indonsia-Solo Raden Mas 14:32 GMT May 8, 2013
in the selling mode
Reply   
Gold
Entry: Target: Stop:

be carefull with gold is on the correction timing now till 1457/54. the first top 1469 was done, but still have its homework at end top 1478 and then free fall till 1404/1360/1282.

GVI Forex Inner Circle 14:30 GMT May 8, 2013
United States

-- ALERT --
Crude Oil: +0.230 vs. +1.53 exp vs. +6.69 prev.
Gasoline: -0.900 vs. +0.500 vs. -1.82 prev.
Distillates: +1.800 vs. +0.500 exp vs. +0.475 prev.
Cap/Util: 87.0% vs. n/a exp. vs. 84.40% prev.


TTN: Live News Special Offer

SaR KaL 14:28 GMT May 8, 2013
KaL's Trend and Level



The reason i bought aapl

Polokwane CS 14:25 GMT May 8, 2013
CSA Rules



Fellow Traders

The CSA trading that Jay developed is exactly what it says,
a Common Sense Approach trading system. See attached chart of EURUSD 5 minutes of today, it was an easy ride from bottom to top and it helped you to stay out of trouble.

I would gladly recommend that everybody give it a try.

SaR KaL 14:20 GMT May 8, 2013
KaL's Trend and Level



Thanks Bejng

Gold chart
I think Buying below or near 1300
i do not know about 1200

1,953.0180 1,310.1315 (Acc Mean)

SaR KaL 14:15 GMT May 8, 2013
KaL's Trend and Level

would be nice to stay short till april next year
on eurusd

cable i think 1.5660 is it

beijing kaprikorn 14:14 GMT May 8, 2013
KaL's Trend and Level

KaL

Very good projections, my dear friend! I trust your quant prowess.

I have some way too simple reasons to believe the same route is down the road.

GVI Forex Inner Circle 14:12 GMT May 8, 2013
United States
Reply   

HEADS-UP: Data Due shortly.
Details at top of the page
(Manually refresh forum to update)
Natural Gas: 3.9580
WTI: 95.93

SaR KaL 14:10 GMT May 8, 2013
KaL's Trend and Level



Expected Mean Levels for eurusd next year
Bye Bye eurusd

GVI Forex Jay Meisler 13:59 GMT May 8, 2013
CSA Rules

More from the Inner Circle (posted when eurusd was 1.3174)

The following is a post from the Inner Circle. If you want to see more like this then send me an EMAIL

GVI Forex Jay Meisler 13:51 GMT May 8, 2013 - My Profile
Wednesday: Reply
EURUSD remains bid but watch 1.3180 as this is where the sell orders start. Intra-day double top at 1.3177

beijing kaprikorn 13:33 GMT May 8, 2013
TREND

beijing kaprikorn 14:28:04 GMT - 05/07/2013
Sold GBP/USD @1.5563 - SL 1.5636
Sold EUR/USD 1.3108 - SL 1.3188
Sold GBP/JPY 154.28 - SL 155.08
------------------------------------------
Lightened my initial positions:
EUR/USD at 1.3063
GBP/USD at 1.5535

Will keep the GBP/YEN with the same stop.
--------------------------------------------

Positions started working fine, have some initial targets 100-200 pips lower.
-----------------
Last night closed all positions after the initial break lower didn't have the expected follow through. I try to use a common sense timeframe to wait and looking at the overall sentiment just decided to take the small gains for 40-50 pis in the majors and closed GBP/YEN at 153.38


dc CB
---
Thanks for the FOMO article. I actually always appreciate your posts as they give us a rather good view of the FED pump activity and I also kept this in the back of my my mind as I don't want to hold positions against the FED's POMO...

GVI Forex Inner Circle 13:19 GMT May 8, 2013
CSA Rules
Reply   
The following are posts from the Inner Circle (CSA = my Common Sense Approach to trading). If you want to see more like this then send me an EMAIL

Polokwane CS 12:43 GMT May 8, 2013
Wednesday's Market: Reply
Hi Jay

This was an excellent example how your CSA working.

Thanks for sharing it with us !


GVI Forex Jay Meisler 12:29 GMT May 8, 2013 - My Profile
Wednesday's Market: Reply
JS, so they got the stops at 1.3150 -- given the chance the market is like a shark on a stop hunt.

As I noted earlier, If market builds momentum to the upside again, it will go for stops but right now it is tilting down.

Once DOWN CSA was broken, UP took over. HL at 1.3031

Now watch stops at 1.3160-70

hyderabad Krishna 13:11 GMT May 8, 2013
" Trade Ideas "

fm: what is your eur/usd and eur/gbp targets...

SaR KaL 13:04 GMT May 8, 2013
KaL's Trend and Level

Thanks guys
anyways
these are trades for a month or
so
GBPUSD selling
Eurusd selling
GBPAUD
and GBPNZD
same thing
will accumulat slow to stay short for a month

gold shorts
around 1500 area
1,513.5148 1,442.4801 (Acc Mean)


Lahore FM 13:04 GMT May 8, 2013
" Trade Ideas "

Krish open targets.

singapore td 13:03 GMT May 8, 2013
buy euro
Reply   
Buy euro on dips is always better

hyderabad Krishna 12:55 GMT May 8, 2013
" Trade Ideas "

fm:
your eur/usd and eur/gbp targets...

Lahore FM 12:50 GMT May 8, 2013
" Trade Ideas "

Cheers Joe dear.hope soon enough!

Cambridge Joe 12:50 GMT May 8, 2013
" Trade Ideas "

and thanks to KaL of course... who was in quick with the call !

hyderabad Krishna 12:50 GMT May 8, 2013
KaL's Trend and Level

kal & fm:
thanks....

Cambridge Joe 12:49 GMT May 8, 2013
" Trade Ideas "

Thanks for the heads up FM. Looks like eur is in for a beating this coming session.

Tallinn viies 12:49 GMT May 8, 2013
eurusd
Reply   
closed long euro position @ 1,3170.
sq now

Lahore FM 12:42 GMT May 8, 2013
KaL's Trend and Level

Krish south on maps is lower end so move south is down and north is shown on the upside of a map so move north is higher.

Lahore FM 12:41 GMT May 8, 2013
" Trade Ideas "

Sell EURGBP
Entry: 0.8483 Target: Stop: 0.8512

sold.

Lahore FM 12:37 GMT May 8, 2013
" Trade Ideas "

Sell EURUSD
Entry: 1.3158 Target: Stop: 1.3225 bid

sold now.

SaR KaL 11:53 GMT May 8, 2013
KaL's Trend and Level

LOL..Sure
South is Down
North is Up


Anyways Guys
I think EURUSD is done with its Dead cat Bounce
it's Bearish to me from now on

hyderabad Krishna 11:45 GMT May 8, 2013
KaL's Trend and Level

sar kal:
if you dont mind can u tell me what is south move and north move.

GVI Forex Inner Circle 11:40 GMT May 8, 2013
Fixed Income



United States Interest rates. Early shapshot. Note 10-yr yield rising as equities climb. There was a time when this would have been USD positive. 10-yr auction later.

SaR KaL 11:38 GMT May 8, 2013
KaL's Trend and Level

USDJPY is about to make a big move IMO
NorthBound

Cambridge Joe 11:19 GMT May 8, 2013
GBPNZD

Playing hard to get.... may even have a bit of an up-tick , 10 mins or so.., but, come about 14:15 GMT, it's going to the basement ! IMO. GL

Mtl JP 11:08 GMT May 8, 2013
RBNZ talks down kiwi. Swiss deflation. Large China Trade Surplus

ab 10:11 were u expecting truth ?

GVI Forex 11:03 GMT May 8, 2013
Global Markets News
Reply   
The EUR/USD remained locked within recent hourly ranges but moved towards the upper end of 1.3130

TradeTheNews.com EU Market Update: Session sees quiet trade despite improvement in China's trade components

GVI Forex Inner Circle 10:28 GMT May 8, 2013
Germany
Reply   

-- EARLIER --
DE Industrial Output March 2013
YY: -2.50% vs. -3.90% exp. vs. -1.80% prev. rev.


TTN: Live News Special Offer


Direct links to primary data sources

hk ab 10:11 GMT May 8, 2013
RBNZ talks down kiwi. Swiss deflation. Large China Trade Surplus

ridiculously to find out that china econ. is qnsed but NOT US's......

Mtl JP 10:00 GMT May 8, 2013
RBNZ talks down kiwi. Swiss deflation. Large China Trade Surplus

[Bloomberg] China Export Gains Spur Renewed Skepticism of Figures: Economy

[Reuters] ECB Looking at Buying Bad Loans From Southern Europe-Report

[Reuters] Latest China bailout reveals risk of local government's hidden debts

Mtl JP 10:00 GMT May 8, 2013
RBNZ talks down kiwi. Swiss deflation. Large China Trade Surplus

[Bloomberg] China Export Gains Spur Renewed Skepticism of Figures: Economy

[Reuters] ECB Looking at Buying Bad Loans From Southern Europe-Report

[Reuters] Latest China bailout reveals risk of local government's hidden debts

Cambridge Joe 09:56 GMT May 8, 2013
GBPNZD
Reply   
GBPNZD topped here IMO.

GVI Forex Inner Circle 09:53 GMT May 8, 2013
RBNZ talks down kiwi. Swiss deflation. Large China Trade Surplus
Reply   

  • HIGH IMPACT ITEMS: US- 10-yr
  • Now the RBNZ weighs in with its concerns about the strength of the kiwi. By definition all currencies cannot weaken against all others.
  • China reports a large than expected USD 18.16bn trade surplus for April. .
  • The strength of U.S. equities has started to generate concerns in some circles. Easy money all around fueling shares everywhere.
  • ECB Governor Asmussen echoed President Draghi saying that ECB Monday is prepared to act again if more help is needed. We feel the ECB would not be unhappy with a weaker EUR.
20d avg
10-yr
Equities
EURUSD 1.3075
JGB 0.59% 0bp
Asia:Higher
USDJPY 98.61
Bund 1.30% +6bp
Europe Higher
EURJPY 128.94
U.S.1.78%  0bp
U.S.:Mixed

GVI Forex Blog 09:51 GMT May 8, 2013 Reply   
HIGH IMPACT ITEMS: US- 10-yr Now the RBNZ weighs in with its concerns about the strength of the kiwi. By definition all currencies cannot weaken against all others.

RBNZ talks down kiwi. Swiss deflation. Large China Trade Surplus

GVI Forex Inner Circle 09:42 GMT May 8, 2013
Switzerland



EARLIER: Swiss CPI- deflation persists.

GVI Forex Inner Circle 09:35 GMT May 8, 2013
China



EARLIER China Trade surplus better than expected.

GVI Forex Inner Circle 09:19 GMT May 8, 2013
Switzerland
Reply   

-- Earlier Data --
Swiss CPI April 2013
mm: 0.0% vs. +0.10% exp. vs. +0.30% prev.
yy: -0.60% vs. -0.50% exp. vs. -0.30% prev.


TTN: Live News Special Offer

GVI Forex Inner Circle 09:12 GMT May 8, 2013
China
Reply   

-- Earlier --
China Trade April 2013 USD b
18.16 vs. 15.50 exp. vs. -0.88 prev.


TTN: Live News Special Offer


Direct links to primary data sources

GVI Forex Inner Circle 09:06 GMT May 8, 2013
Fixed Income
Reply   
Major bond market prices mixed. Peripherals mixed as well.

london red 08:46 GMT May 8, 2013
Euro ends day little changed vs usd : May 8, 2013

fwiw, for retail trader, systems = delusions...just a good new feed, a few simple technicals and a brain (with a switch)...15 years on, still going strong. glgt

Cambridge Joe 06:59 GMT May 8, 2013
New alarm clock shreds money if you don't wake up



###########

I'm looking for / expecting softer USD around mid to late Asia. IMO. GL
###########

Niceee ! Thankfully !

Hong Kong AceTrader 03:29 GMT May 8, 2013
Euro ends day little changed vs usd : May 8, 2013
Reply   
Market Review - 07/05/2013 22:39GMT

Euro ends day little changed vs usd

Despite euro's initial rise to intra-day high of 1.3132 after the release of better-than-expected Germany factory orders on Tuesday, the single currency retreated as doubts of further monetary easing from the ECB persisted.

Although the single currency traded with a firm undertone in Asia and edged higher to 1.3095 ahead of European open, price retreated to 1.3068 at European open. Euro jumped in European morning after the release of better-than-expected German industrial orders and rose to an intra-day high at 1.3132. However, persistent worries that the ECB could ease its monetary policy further after Draghi's comments on Monday checked intra-day gains and price dropped to 1.3073 in New York morning before stabilising.

German factory orders in March came in at 2.2% m/m n -0.4% y/y, versus the forecasts of -0.5% n -2.9% respectively.

Versus the Japanese yen, although the greenback dropped to 98.82 in Asian morning, price pared intra-day losses and rebounded to 99.35 in European morning. However, dollar came under selling pressure and retreated to 98.83 in New York morning.

The British pound traded sideways in Asia and edged lower to 1.5522 in European morning before tumbling to an intra-day low at 1.5447 in New York morning, partly due to cross-selling of sterling versus euro. However, price pared intra-day losses and recovered to 1.5488 in New York afternoon.

In commodity-linked currencies, the Australian dollar tumbled in Asian morning after the RBA cut its interest rate 25 bps to 2.75% and price eventually fell to a fresh 2-month low at 1.0155 at New York open before recovering.

In other news, France's Finance Minister Pierre Moscovici said 'Germany has tradition of rules but Europe must also be capable of flexibility; ECB has played positive role in the euro crisis in terms of calming markets and improving liquidity.'

On the data front, U.S. Redbook retail sales came in at -2.5% m/m n 2.3% y/y.

Data to be released on Wednesday:

U.K. BRC retail sales, Swiss CPI, Germany industrial production and Canada housing starts.

GVI Forex Blog 03:27 GMT May 8, 2013 Reply   
All the equity markets across the developed world are at fresh life time highs.

Morning Briefing : 08-May-2013 -0325 GMT

shatin 02:35 GMT May 8, 2013
Sharing My Money Manager Software for Anyone Who Wants it!
Reply   
Hey guys I got this video from a full time professional trader. This system works on mini and micro accounts as well as full size accounts. The video and software are Free! I will send you the serial number to unlock it for Free just email me at the email address on the video. http://censored/buwfzps

perth wtr 00:52 GMT May 8, 2013
United States

Hyperinflation of stocks market. Buffet richest man in the world.

 




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