Gaining an Edge over the Forex game of Mind, Money, & Wealth

Wednesday, July 28, 2004
van Gecko 10:41 GMT July 28, 2004
"07:04 GMT July 17, 2004
some good news for Dollar bulls..
The Dollar could extend this week's bear run & dip below Index 87 next week, but shell-shocked Dollar bulls can expect some s/t relief as the Dollar consolidates within the 87/89 Index band while both camps re-assess & carry out their mid trend accumulation/distribution strategies.. however, the bad new is that any reliefs may be short lived unless the Dollar regain Index 90.."
fwiw
markets don't move in a straight line up or down..
the Dollar, after teasing & getting the bulls excited for the past week, is again at attractive m/t distribution scaling levels & not so good s/t accumulation level..
1.2888 if seen, is still the lucky "Stonewall to Heaven" for the little Dollar Chf..
Cheerios..
"07:04 GMT July 17, 2004
some good news for Dollar bulls..
The Dollar could extend this week's bear run & dip below Index 87 next week, but shell-shocked Dollar bulls can expect some s/t relief as the Dollar consolidates within the 87/89 Index band while both camps re-assess & carry out their mid trend accumulation/distribution strategies.. however, the bad new is that any reliefs may be short lived unless the Dollar regain Index 90.."
fwiw
markets don't move in a straight line up or down..
the Dollar, after teasing & getting the bulls excited for the past week, is again at attractive m/t distribution scaling levels & not so good s/t accumulation level..
1.2888 if seen, is still the lucky "Stonewall to Heaven" for the little Dollar Chf..
Cheerios..
Saturday, July 24, 2004
USA Biscuit Boy 19:59 GMT July 24, 2004
Thanks a bunch to Van Gecko who gave us an early heads up on a possible dollar correction last weekend and helped me take my stops nice and early on my short dollar positions. Cheers mate :)
sydney 07:10 GMT July 19, 2004
van Gecko 07:04 GMT July 17, 2004
good to see your post again. AUD/USD had reached .7340 & USD/CAD 1.3060, may I ask what is your view now? TIA
Thanks a bunch to Van Gecko who gave us an early heads up on a possible dollar correction last weekend and helped me take my stops nice and early on my short dollar positions. Cheers mate :)
sydney 07:10 GMT July 19, 2004
van Gecko 07:04 GMT July 17, 2004
good to see your post again. AUD/USD had reached .7340 & USD/CAD 1.3060, may I ask what is your view now? TIA
Saturday, July 17, 2004
van Gecko 07:04 GMT July 17, 2004
The good news for Dollar bears is that the Dollar had settled down comfortably below Dollar Index 89 since the end of June, tilting the odds substantially for the resumption of its m/t bear trend down to Index 85 & lower..
Now, some good news for Dollar bulls..
The Dollar could extend this week's bear run & dip below Index 87 next week, but shell-shocked Dollar bulls can expect some s/t relief as the Dollar consolidates within the 87/89 Index band while both camps re-assess & carry out their mid trend accumulation/distribution strategies.. however, the bad new is that any reliefs may be short lived unless the Dollar regain Index 90..
fwiw..
The good news for Dollar bears is that the Dollar had settled down comfortably below Dollar Index 89 since the end of June, tilting the odds substantially for the resumption of its m/t bear trend down to Index 85 & lower..
Now, some good news for Dollar bulls..
The Dollar could extend this week's bear run & dip below Index 87 next week, but shell-shocked Dollar bulls can expect some s/t relief as the Dollar consolidates within the 87/89 Index band while both camps re-assess & carry out their mid trend accumulation/distribution strategies.. however, the bad new is that any reliefs may be short lived unless the Dollar regain Index 90..
fwiw..
Saturday, July 03, 2004
nyc jk 15:55 GMT July 2, 2004
Martin - as Farmacia mentioned, good on ya for changing your bias after today's moves, no sense p*ssing into the wind now. gl
Gold Coast martin 14:54 GMT July 2, 2004
SYDNEY .gvm..i have been stopped in my aud shorts that i had between 6780 and 7078..still have aud shorts from 7785..may have to liquidate some to finance new assault ...same with euro and kiwi...still well ahead for the past 20 months..todays setback just a storm in a tea cup..if you dont have losses you loose reality of the market and possibly your edge....g/t..
Sydney gvm 14:48 GMT July 2, 2004
Gold Coast Martin - have you been stopped on all your positions?
Nottingham 13:41 GMT July 2, 2004
kiwi...key zone cleared opens way for drawing in remainder of inverted shs but will be o/b on approach of 6500 (aussie 7135)
loonie...conventionally o/s sub 3200...well documented trendline at 3225/30 key
euro...supply will appear at 2330-50 if seen before 6pm London otherwise can't vouch for it...gl gt
Sydney Alimin 12:54 GMT July 2, 2004
wow what a fireworks...congrats to all $ bears...i missed it though..oh well
what a start to a new month
pd cumino 12:11 GMT July 2, 2004
van Gecko 11:02 GMT July 2, 2004
Alternatively 3m 1m.
van Gecko 11:02 GMT July 2, 2004
pd cumino.. 2 months to 2 quarters, discretionary over-ride depending on the weekly underlying market dynamics.. whats yours?
pd cumino 10:41 GMT July 2, 2004
van Gecko 10:14 GMT July 2, 2004
What do you mean by m/t? 1w, 1m, 3m, 1y? TIA.
Dublin Flip 10:40 GMT July 2, 2004
No wuckers mate. I'm stepping out for a few hours before NFP casts it's spell. Groove on Van.
van Gecko 10:23 GMT July 2, 2004
Flip.. good to see you lurking the 'poor man's diversional playground'.. @_@
be lucky mate..
van Gecko 10:14 GMT July 2, 2004
Laowen.. good m/t trading opportunties are rare & few.. imo this recent Dollar correction within its long term down trend is presenting good trading values for m/t Dollar bears..
Dublin Flip 10:13 GMT July 2, 2004
Actually I'm sure he can defend himslef but I think van Gecko has been pretty good. Apart from suggesting buying 68c in oscar.....
van Gecko 10:15 GMT May 25, 2004
the market can be boring if you're waiting from one day to the next for a move & hoping to catch all of the 20 pip swings.
a 500 pip 1.22/1.17 market is not boring if you're trading an expanded time frame
It's not a competition between each other. It's a competition with yourself. Be lucky everyone.
Beijing Laowen 09:58 GMT July 2, 2004
van Gecko, you have been consistently a Dollar bear for these two months.
UAE Oil man 09:52 GMT July 2, 2004
Ya it's a hard time now with those ranges, AKA..
Even those who bought that 6837 gecko talks about it must have been hard not to take profits in the 7030 area and then watch it crash back to 6875 and hope it didnt take the stops....
So we gotta hope there's a trend starting out soon, cause so far anything is far from convincing..and hit and run 100-200 pips targets are still favored.
van Gecko 09:40 GMT July 2, 2004
Sydney Alimin 08:58 fyi
"09:34 GMT June 18, 2004
a good risk '30 pip piker stop' Aussie baby bull trade..
buy AUD/USD @ market (.6828) stop .6798
could paid 4 to 1 one day, 12 to 1 short term, & 28 to 1 mid term for patient Kangaroo long marchers..fwiw"
the payout is now 7 to 1..
however, if one is from the school of Discipline Long Marchers.. the target should be let open with trail stops & let the market tell you when to get out.. letting profits run is a difficult counter human behavior.. most do exactly the opposite..
"a herd of Donkeys can be lead to water.. but its up to the individual Donkey as to how much water it want to drink.."
Cairns Aussie 09:16 GMT July 2, 2004
Gold coast Martin 6.15 GMT...the chances of the AUD/USD hitting 0.6930 before the end of the NY session are about as fare fetched as you saying the AUD is a good buy.
Gold Coast martin 08:59 GMT July 2, 2004
The Kangaroo after grazing in the 7050-60 green field for 2 days is full and ready to be taken back to the 6950 less green field with the possibility of been quarantined in the barren 687 field in the next 3 days....g/t
Sydney Alimin 08:58 GMT July 2, 2004
van gecko, if u dont mind giving your price target for aud/usd long? just going long doesnt make sense to me as it can mean long for 1 pip or 100 pips or 1000 pips
van Gecko 08:48 GMT July 2, 2004
morning.. for the beneifit of our European friends who may had been in deep snoozz earlier..
"Aussi is now well supported by its crosses on this m/t merry go North leg..
m/t Dollar bulls who are feeling inadequate or may be suffering from that dreaded 'pip'less dysfunction' fx syndrome could try their luck & go 'Longz' among the Aud/Usd, Aud/Jpy, Aud/Nzd pairs.."
melbourne farmacia 03:26..
chart one to another lucky Kangaroo hop.. cheers..
UAE Oil man 08:14 GMT July 2, 2004
looks like the AUD$ is going to make another "recovery" towards 6950..
Gold Coast martin 06:15 GMT July 2, 2004
NEW YORK..it is easy to talk in hindsight but the last 2 days have all been good levels to short the aud...A good level to short right now would be 7035...with a short terget of 6970 with further potential of 6950 by end ogf todays ny trading..g/t
Martin - as Farmacia mentioned, good on ya for changing your bias after today's moves, no sense p*ssing into the wind now. gl
Gold Coast martin 14:54 GMT July 2, 2004
SYDNEY .gvm..i have been stopped in my aud shorts that i had between 6780 and 7078..still have aud shorts from 7785..may have to liquidate some to finance new assault ...same with euro and kiwi...still well ahead for the past 20 months..todays setback just a storm in a tea cup..if you dont have losses you loose reality of the market and possibly your edge....g/t..
Sydney gvm 14:48 GMT July 2, 2004
Gold Coast Martin - have you been stopped on all your positions?
Nottingham 13:41 GMT July 2, 2004
kiwi...key zone cleared opens way for drawing in remainder of inverted shs but will be o/b on approach of 6500 (aussie 7135)
loonie...conventionally o/s sub 3200...well documented trendline at 3225/30 key
euro...supply will appear at 2330-50 if seen before 6pm London otherwise can't vouch for it...gl gt
Sydney Alimin 12:54 GMT July 2, 2004
wow what a fireworks...congrats to all $ bears...i missed it though..oh well
what a start to a new month
pd cumino 12:11 GMT July 2, 2004
van Gecko 11:02 GMT July 2, 2004
Alternatively 3m 1m.
van Gecko 11:02 GMT July 2, 2004
pd cumino.. 2 months to 2 quarters, discretionary over-ride depending on the weekly underlying market dynamics.. whats yours?
pd cumino 10:41 GMT July 2, 2004
van Gecko 10:14 GMT July 2, 2004
What do you mean by m/t? 1w, 1m, 3m, 1y? TIA.
Dublin Flip 10:40 GMT July 2, 2004
No wuckers mate. I'm stepping out for a few hours before NFP casts it's spell. Groove on Van.
van Gecko 10:23 GMT July 2, 2004
Flip.. good to see you lurking the 'poor man's diversional playground'.. @_@
be lucky mate..
van Gecko 10:14 GMT July 2, 2004
Laowen.. good m/t trading opportunties are rare & few.. imo this recent Dollar correction within its long term down trend is presenting good trading values for m/t Dollar bears..
Dublin Flip 10:13 GMT July 2, 2004
Actually I'm sure he can defend himslef but I think van Gecko has been pretty good. Apart from suggesting buying 68c in oscar.....
van Gecko 10:15 GMT May 25, 2004
the market can be boring if you're waiting from one day to the next for a move & hoping to catch all of the 20 pip swings.
a 500 pip 1.22/1.17 market is not boring if you're trading an expanded time frame
It's not a competition between each other. It's a competition with yourself. Be lucky everyone.
Beijing Laowen 09:58 GMT July 2, 2004
van Gecko, you have been consistently a Dollar bear for these two months.
UAE Oil man 09:52 GMT July 2, 2004
Ya it's a hard time now with those ranges, AKA..
Even those who bought that 6837 gecko talks about it must have been hard not to take profits in the 7030 area and then watch it crash back to 6875 and hope it didnt take the stops....
So we gotta hope there's a trend starting out soon, cause so far anything is far from convincing..and hit and run 100-200 pips targets are still favored.
van Gecko 09:40 GMT July 2, 2004
Sydney Alimin 08:58 fyi
"09:34 GMT June 18, 2004
a good risk '30 pip piker stop' Aussie baby bull trade..
buy AUD/USD @ market (.6828) stop .6798
could paid 4 to 1 one day, 12 to 1 short term, & 28 to 1 mid term for patient Kangaroo long marchers..fwiw"
the payout is now 7 to 1..
however, if one is from the school of Discipline Long Marchers.. the target should be let open with trail stops & let the market tell you when to get out.. letting profits run is a difficult counter human behavior.. most do exactly the opposite..
"a herd of Donkeys can be lead to water.. but its up to the individual Donkey as to how much water it want to drink.."
Cairns Aussie 09:16 GMT July 2, 2004
Gold coast Martin 6.15 GMT...the chances of the AUD/USD hitting 0.6930 before the end of the NY session are about as fare fetched as you saying the AUD is a good buy.
Gold Coast martin 08:59 GMT July 2, 2004
The Kangaroo after grazing in the 7050-60 green field for 2 days is full and ready to be taken back to the 6950 less green field with the possibility of been quarantined in the barren 687 field in the next 3 days....g/t
Sydney Alimin 08:58 GMT July 2, 2004
van gecko, if u dont mind giving your price target for aud/usd long? just going long doesnt make sense to me as it can mean long for 1 pip or 100 pips or 1000 pips
van Gecko 08:48 GMT July 2, 2004
morning.. for the beneifit of our European friends who may had been in deep snoozz earlier..
"Aussi is now well supported by its crosses on this m/t merry go North leg..
m/t Dollar bulls who are feeling inadequate or may be suffering from that dreaded 'pip'less dysfunction' fx syndrome could try their luck & go 'Longz' among the Aud/Usd, Aud/Jpy, Aud/Nzd pairs.."
melbourne farmacia 03:26..
chart one to another lucky Kangaroo hop.. cheers..
UAE Oil man 08:14 GMT July 2, 2004
looks like the AUD$ is going to make another "recovery" towards 6950..
Gold Coast martin 06:15 GMT July 2, 2004
NEW YORK..it is easy to talk in hindsight but the last 2 days have all been good levels to short the aud...A good level to short right now would be 7035...with a short terget of 6970 with further potential of 6950 by end ogf todays ny trading..g/t
Thursday, July 01, 2004
melbourne farmacia 03:26 GMT July 2, 2004
IMO van Gecko is a smart mid term trader who can read the "spike low" on aussie.. nice work mate. GT
shanghai bc 02:53 GMT July 2, 2004
Buying anything below Aud/Usd .70 is as good as money in the bank for the whole year ..
Dallas GEP 02:29 GMT July 2, 2004
Bailed out on my Aussie shorts @ -10 PIPS.
nyc jk 01:34 GMT July 2, 2004
Gecko - ok I'll take a look at the archive then
van Gecko 01:29 GMT July 2, 2004
jk.. nothing personal against the Dollar.. as for the whys? most are there, hidden inside Jay's archives..
(note. some 'embedded non-conventional speaks & terms' are not designed for 'lazySusans' lookingforaclearandfreelunch..
^_^
evan.. trading within our comfort zones is a must for good snoozz..
gl with your longz possies..
Brisbane L 01:27 GMT July 2, 2004
U.S. investment banks buying AUD/JPY talk is its possibly to create fresh longs amid view Australia's high interest rates being still attractive
Dallas GEP 01:17 GMT July 2, 2004
Dammmm, I beginning to feel like I am the only that sold Aussie!!!! LOL
hk revdax 01:14 GMT July 2, 2004
hk ab lazy 01:13 //i am living in a world of 100% technical purity...
hk ab lazy 01:13 GMT July 2, 2004
Revdax, you believe the dlr/cad sling on the celebration of +0.1% GDP?
I am afraid an interesting statement from BOC will send the goose to sky.....
Mla Evan 01:03 GMT July 2, 2004
Gecko, sure love to see those levels as am long, but having second thoughts now whether achievable in short term as seem Usd firming a bit.
nyc jk 01:02 GMT July 2, 2004
Gecko - why are you so bearish on the USD?
van Gecko 00:57 GMT July 2, 2004
euro..1.23->1.25 gbp 1.84->1.86
above, its clear skies back to the year Highs
hk revdax 00:54 GMT July 2, 2004
I will place an order to take profit at 1.2130 just to be on the safe side. By the way, I think $/CAD is ready for another sling-down to lower levels.
hk ab lazy 00:53 GMT July 2, 2004
Martin's expected move on aud not seen. However, Zorro "0" expectation on FOMC is also not seen.
Mla Evan 00:51 GMT July 2, 2004
Gecko, what's your upside target for Euro and GBP after mini corrections?
van Gecko 00:48 GMT July 2, 2004
revdax.. 1.2100/25 is a vely good mini support band for a potential Singapore Sling up to higher grounds..
hk revdax 00:42 GMT July 2, 2004
Could someone shed some light on the downside levels of Euro that are possible to day? TIA
van Gecko 00:32 GMT July 2, 2004
morning.. Aussi is now well supported by its crosses on this m/t merry go North leg..
m/t Dollar bulls who are suffering from 'pip'less inadequate fx syndrome' could try their luck & go 'Longz' among the Aud/Usd, Aud/Jpy, Aud/Nzd pairs..
Spr Noods 00:28 GMT July 2, 2004
market is trying to take cracks on topside on Oz
RBA rumours...take it with a pinch of salt lah
guess the high ends of 40s wud be a buy for now
Brisbane L 23:58 GMT July 1, 2004
Seems ANZ are bullish the Aud, along with quite a few on GV and have so far been proven correct , as van Gecko says shorting is expensive. There are said to be some small sell orders at 7075 which Anz expect to be filled today. opening an extension to 7120, they are also quite bullish on the Australian building approval data we shall have to see.
USA Biscuit Boy 19:49 GMT July 1, 2004
Bought eur/gbp at 0.6685 for 0.6740.
UAE Oil man 19:48 GMT July 1, 2004
Yes biscuit, still holding 67+ for that EurGBP..and still looking for 65xx..
As for AUD$ it's looks tired,And as for it's long-term wouldnt be surprised to see another huge failure round here 7080-7130 or at the daily trend line and weekly average respectively @7280-7250
USA Biscuit Boy 19:16 GMT July 1, 2004
Dallas I am bullish from a longer term view...you are right it could easily go back to 0.6980 or lower before taking out 0.7080....and maybe it keeps on heading lower. When Martin comes back he will tell us so :)
Dallas GEP 19:04 GMT July 1, 2004
Well it seems most of you guys are bullish Aussie. I just don't see it based on the fact it is over bought on 2 hour 1 hour 30 minute and Daily are all over bought.
censored you guys could be right I dunno. No doubt it could go against technicals but I beleive EVEN if it does eventually long we will get retracement to below FIG first.
USA Biscuit Boy 18:52 GMT July 1, 2004
I think the double bottom for aud/usd would be the one at 0.6790. Either way the aussie is headed up. If 0.72 top of this range is broken we can think about a run to 0.76 in coming months.....censored that van Gecko was right :)
Dallas GEP 18:41 GMT July 1, 2004
Those usd/cad shorts last night may very well have been a false breakout. HARD to tell really.
Aussie @ .7065 on hourly chart shows to have been a possible double top. .7077 was high on June 7th.
Dallas GEP 18:24 GMT July 1, 2004
NY, Well as far as the Aussie goes THERE is a potential double bottom @ .6970.
NY 18:18 GMT July 1, 2004
Dallas GEP 18:16
No. Bottom. I hope for your case, it is top.
Good luck
Dallas GEP 18:16 GMT July 1, 2004
NY, you mean a double top on AUD/USD?????
NY 18:13 GMT July 1, 2004
Could the AUD have seen a double bottom?
I was told this early this morning and am having mixed readings.
Gold Coast martin 16:52 GMT July 1, 2004
Good evening...Despite aud breaking 7020 resistance barrier its current run is looking tired due to no legitimate fundamental reasons of its own,,so look for a retreat back to 6970 levels with another attempt to break the 6950 level..timeframe:end of ny trading friday....good trades to those that have patience....
UAE Oil man 16:03 GMT July 1, 2004
Removed my Euro to pay oz's stops..And only holding Eurogbp 67+ for the nice carry and the next move towards 65..
Off GL.
Calabash TarHeel 14:36 GMT July 1, 2004
Well folks startng my weekend early, throwing in the towel. closed two aud/$ shorts avg .7012 at .7010,
closed two $/cad longs avg 1.3295 closed 1.3315
closed 1 nzd short .6370 closed.6400
van Gecko 13:28 GMT July 1, 2004
Usd/Cad..
the Goose had level shifted down below the 3 month range.. 1.34 should now cap any retracements while 1.30 is waiting as the next stop on its mid term merry go South journey..
bottom picking contras could paid a few piking pips (1.36/37 is now a distant memory), but its less risky (avoid un-expected diving accidents) & the payout is much better to be a patient SOB'er & sell blips on approach to 1.34..
have a nice flight to 1.30..
Cheerios..
Dallas GEP 10:34 GMT July 1, 2004
Hmm... must have certainly missed something on USD/CAD guys. Gave back all gains on gbp/jpy on this one.
Dallas GEP 10:32 GMT July 1, 2004
GD it...lost my cad longs stopped out. Bummer looks like stop run., Still in AUSSIE shorts
Dallas GEP 10:27 GMT July 1, 2004
USD/CAD should find support now @ 1.3280
Dallas GEP 09:47 GMT July 1, 2004
OK now in on usd/cad long @ 1.3325 off an order. This could be an EXCELLANT long with 100-150 pips potential. 1.3310 moving average 200 day on dailies
Gold Coast martin 08:03 GMT July 1, 2004
Good Evening.....the euro and aud has re-assumed its downward bias and currently trying to breach resistance levels of 12080 and 6950 .Yesterdays fed non-event did provide a positive..it created new levels of entry for both currencies..so as posted yesterday traders who entered at 12195and 6990 will see positive return in the next 3 trading sessions....so for now range trading of 30-40 pip increments is the order of the day but remember the range trading should be with a downward bias as this trend is still evident...g/t
UAE Oil man 01:14 GMT July 1, 2004
Let's go Kangooroo hopping ...Yoohooo.
UAE Oil man 01:10 GMT July 1, 2004
Sell AUD 6982.
Gold Coast martin 22:13 GMT June 30, 2004
While the euros attempt yet again at the critical 12220 level has failed, the aussie is headed for a breach of the 6950 level ...Should this level break we are back to 6870 in no time...g/t
UAE Oil man 21:52 GMT June 30, 2004
Perhaps but it's a small animal, and it gets fed and full pretty quick..
Gold Coast martin 21:46 GMT June 30, 2004
UAE..The kangaroo has jumped into a green field and is grazing for 3 days....maybe....
Gold Coast martin 21:44 GMT June 30, 2004
London..HE!HE!,,Dont be misled by the manner of my latest posts...maybe a touch reflective for the duration and aftermath of the fed rate hike...but make no mistake...my black box has got the euro and usd in the red until december the 30th...g/t
UAE Oil man 21:44 GMT June 30, 2004
Another recovery london?..it recovers every 3 days that ozi ..lol.
London 21:43 GMT June 30, 2004
Aussie gained ground today as traders are beginning to
anticipate RBA rate hikes again ahead of the next meeting July 7th, with May's 1.2% rise in private sector credit taking it to a 14-1/2 year high. Yieldspreads have risen to 126 bps vs. 10-year US Treasuries and the recent expansion may attract buyers. There is further evidence that the market is set to test the middle of the 0.6800/0.7200 range at 0.7000. Many see today's break above 0.6950 as endorsing further gains in the days ahead
ifr.(extracts)
London 21:38 GMT June 30, 2004
Gold Coast martin agree however, your post are bearish to the degree that you are now a $USD bull with every post
Gold Coast martin 21:30 GMT June 30, 2004
LONDON...painful yes....not denying that...but no pain no gain...the painful shorts all become part of the medium to long trades which have a downward bias....within a time frame of course...g/t
London 21:24 GMT June 30, 2004
Gold Coast martin if your short as you mentioned in earlier post sub 68 - van Gecko mention of holding shorts must be quite painful !!!
Calabash TarHeel 21:21 GMT June 30, 2004
st. pete islander 21:12 GMT June 30, 2004
Islander, I hope so, that's a 170 pip drop today. Looked to be o/s and expect some retracement from around here. Who knows, may wind up eating it.
How goes it with you today.
st. pete islander 21:12 GMT June 30, 2004
Okay, TarHeel .... north form here, right? gl
Calabash TarHeel 20:59 GMT June 30, 2004
Well, buy order on $/cad 1.3320 filled, s/l below 1.3280 t/p open. See what happens.
Gold Coast martin 19:55 GMT June 30, 2004
CALABASH..You may see the levels you are targeting an hour into the australian session...g/t....g/t
Calabash TarHeel 19:52 GMT June 30, 2004
Gold Coast martin 19:34 GMT June 30, 2004
Hello Martin, I am going to sell the aud and kiwi somewhere along the line. I am going to give it a little time and see if the aud can be had in the .7010/20 range, may not happen.
gl,gt
Gold Coast martin 19:49 GMT June 30, 2004
UAE...More aussie pips for everyone and more euro stamps for zorro...he!he!
hk ab lazy 19:47 GMT June 30, 2004
See such a distorted mkt yet? Cad celebrate the 0.1% GDP with a break of 1.34....
such irrational break occured upside few weeks ago, in about a week time, the true move will set in later.
bc word's on ranging mkt rather than a trend mkt is valued.
UAE Oil man 19:45 GMT June 30, 2004
Yes martin, that AUD$ is ready to spit some more pips..it's a GOLD COAST OF PIPS ..Ah.Ah.
UAE Oil man 19:43 GMT June 30, 2004
Sell euro 1.2193 stops 37, target the moon and fast.
Gold Coast martin 19:34 GMT June 30, 2004
BRUXVILLE...WAIT UNTIL IT GETS TO 6990-95 LEVEL AND THEN SHORT WITH TARGET OF 6935...G/T..alternatively 6975-80 is still a good short....g/t
Bruxville Jim 19:32 GMT June 30, 2004
Gold Coast martin 19:20 GMT // Do you recommend shorting aussie now?
Gold Coast martin 04:07 GMT June 30, 2004
melbourne farmacia....assuming again...get your facts right:1 gold coast is NOT russian,2.gold coast is originally from melbourne..3. gold coast offered an insight into NBZD based on fact not fiction.....dont worry the only whack you may get is on your cable....good trades and smooth sailing for the volatile times ahead...g/t g/l
shanghai bc 04:07 GMT June 30, 2004
Trading God mentality is a sign of immaturity in the market..When one is battered and stabbed in the market so many times ,the reality of harsh trading world sets in sooner or later..There are traders who beat the market from time to time making millions and billions in the process.. But no trader can beat the market consistently all the time..The real art is when and how to leave the ring before being stabbled for the last time for good..Except Samuel of Lagos in GVI..
melbourne farmacia 03:51 GMT June 30, 2004
Yes.. very high turn over of fx gods on this forum...
Porto PJT 03:39 GMT June 30, 2004
Farmacia, lol, sometimes this forum is funny, cross going 1 or 2 fig in direction wanted, turn some traders in fx gods and telling all kind of bs to support is reasons and views.
Time to sleep, gt.
shanghai bc 03:39 GMT June 30, 2004
ST 02:39--Good morning..Still believe rate hike cycle is bad for Dollar down the road and buying anything below Eur/usd 1.20 is as good as money in the bank for the whole year..Not much of a techie,but Dollar Index is still firmly below 50 day ma within a down channel.No.5..A sign of weakening Dollar ,not a strengthening dollar..In any case,dollar collapse is out of question with China still on Dollar peg..With another 10% devaluation of Dollar,China will take away almost all manufacturing business of the world..So,Dollar is likely to be ranging in a broad range with weak bias..Not a good environment for trend following models..In a strange way,China, and Asia via China's Dollar-peg, has become the major Dollar supporter by a pure accident of Dollar peg business..That is till the peg goes..Imho..Good trades..
melbourne farmacia 03:30 GMT June 30, 2004
Porto PJT 03:14 GMT June 30, 2004
Good thanks mate...If i talk about things, the Gold Coast Russian Mafia will whack me...Hehe GT
Porto PJT 03:14 GMT June 30, 2004
Farmacia, hope you are well, be carefull, nzd monetary policy stuff is to keep in secret.......cheers & gt.
NYC YIPPEE 02:49 GMT June 30, 2004
melbourne farmacia 02:46 GMT June 30, 2004
Interesting relative to have.
In the big picture scenario room for the Kiwi to appreciate versus the dollar mainly. But have started to look at NZD/MXN which makes for an interesting position to have in the portfolio.
melbourne farmacia 02:46 GMT June 30, 2004
hmmm... Interesting discussion on the forum once again .... Having a family member who currently sits on the board of Reserve Bank of New Zealand, he would be very amused by one's so called knowledge on NZ Dollar, monetary policy etc.... GT
IMO van Gecko is a smart mid term trader who can read the "spike low" on aussie.. nice work mate. GT
shanghai bc 02:53 GMT July 2, 2004
Buying anything below Aud/Usd .70 is as good as money in the bank for the whole year ..
Dallas GEP 02:29 GMT July 2, 2004
Bailed out on my Aussie shorts @ -10 PIPS.
nyc jk 01:34 GMT July 2, 2004
Gecko - ok I'll take a look at the archive then
van Gecko 01:29 GMT July 2, 2004
jk.. nothing personal against the Dollar.. as for the whys? most are there, hidden inside Jay's archives..
(note. some 'embedded non-conventional speaks & terms' are not designed for 'lazySusans' lookingforaclearandfreelunch..
^_^
evan.. trading within our comfort zones is a must for good snoozz..
gl with your longz possies..
Brisbane L 01:27 GMT July 2, 2004
U.S. investment banks buying AUD/JPY talk is its possibly to create fresh longs amid view Australia's high interest rates being still attractive
Dallas GEP 01:17 GMT July 2, 2004
Dammmm, I beginning to feel like I am the only that sold Aussie!!!! LOL
hk revdax 01:14 GMT July 2, 2004
hk ab lazy 01:13 //i am living in a world of 100% technical purity...
hk ab lazy 01:13 GMT July 2, 2004
Revdax, you believe the dlr/cad sling on the celebration of +0.1% GDP?
I am afraid an interesting statement from BOC will send the goose to sky.....
Mla Evan 01:03 GMT July 2, 2004
Gecko, sure love to see those levels as am long, but having second thoughts now whether achievable in short term as seem Usd firming a bit.
nyc jk 01:02 GMT July 2, 2004
Gecko - why are you so bearish on the USD?
van Gecko 00:57 GMT July 2, 2004
euro..1.23->1.25 gbp 1.84->1.86
above, its clear skies back to the year Highs
hk revdax 00:54 GMT July 2, 2004
I will place an order to take profit at 1.2130 just to be on the safe side. By the way, I think $/CAD is ready for another sling-down to lower levels.
hk ab lazy 00:53 GMT July 2, 2004
Martin's expected move on aud not seen. However, Zorro "0" expectation on FOMC is also not seen.
Mla Evan 00:51 GMT July 2, 2004
Gecko, what's your upside target for Euro and GBP after mini corrections?
van Gecko 00:48 GMT July 2, 2004
revdax.. 1.2100/25 is a vely good mini support band for a potential Singapore Sling up to higher grounds..
hk revdax 00:42 GMT July 2, 2004
Could someone shed some light on the downside levels of Euro that are possible to day? TIA
van Gecko 00:32 GMT July 2, 2004
morning.. Aussi is now well supported by its crosses on this m/t merry go North leg..
m/t Dollar bulls who are suffering from 'pip'less inadequate fx syndrome' could try their luck & go 'Longz' among the Aud/Usd, Aud/Jpy, Aud/Nzd pairs..
Spr Noods 00:28 GMT July 2, 2004
market is trying to take cracks on topside on Oz
RBA rumours...take it with a pinch of salt lah
guess the high ends of 40s wud be a buy for now
Brisbane L 23:58 GMT July 1, 2004
Seems ANZ are bullish the Aud, along with quite a few on GV and have so far been proven correct , as van Gecko says shorting is expensive. There are said to be some small sell orders at 7075 which Anz expect to be filled today. opening an extension to 7120, they are also quite bullish on the Australian building approval data we shall have to see.
USA Biscuit Boy 19:49 GMT July 1, 2004
Bought eur/gbp at 0.6685 for 0.6740.
UAE Oil man 19:48 GMT July 1, 2004
Yes biscuit, still holding 67+ for that EurGBP..and still looking for 65xx..
As for AUD$ it's looks tired,And as for it's long-term wouldnt be surprised to see another huge failure round here 7080-7130 or at the daily trend line and weekly average respectively @7280-7250
USA Biscuit Boy 19:16 GMT July 1, 2004
Dallas I am bullish from a longer term view...you are right it could easily go back to 0.6980 or lower before taking out 0.7080....and maybe it keeps on heading lower. When Martin comes back he will tell us so :)
Dallas GEP 19:04 GMT July 1, 2004
Well it seems most of you guys are bullish Aussie. I just don't see it based on the fact it is over bought on 2 hour 1 hour 30 minute and Daily are all over bought.
censored you guys could be right I dunno. No doubt it could go against technicals but I beleive EVEN if it does eventually long we will get retracement to below FIG first.
USA Biscuit Boy 18:52 GMT July 1, 2004
I think the double bottom for aud/usd would be the one at 0.6790. Either way the aussie is headed up. If 0.72 top of this range is broken we can think about a run to 0.76 in coming months.....censored that van Gecko was right :)
Dallas GEP 18:41 GMT July 1, 2004
Those usd/cad shorts last night may very well have been a false breakout. HARD to tell really.
Aussie @ .7065 on hourly chart shows to have been a possible double top. .7077 was high on June 7th.
Dallas GEP 18:24 GMT July 1, 2004
NY, Well as far as the Aussie goes THERE is a potential double bottom @ .6970.
NY 18:18 GMT July 1, 2004
Dallas GEP 18:16
No. Bottom. I hope for your case, it is top.
Good luck
Dallas GEP 18:16 GMT July 1, 2004
NY, you mean a double top on AUD/USD?????
NY 18:13 GMT July 1, 2004
Could the AUD have seen a double bottom?
I was told this early this morning and am having mixed readings.
Gold Coast martin 16:52 GMT July 1, 2004
Good evening...Despite aud breaking 7020 resistance barrier its current run is looking tired due to no legitimate fundamental reasons of its own,,so look for a retreat back to 6970 levels with another attempt to break the 6950 level..timeframe:end of ny trading friday....good trades to those that have patience....
UAE Oil man 16:03 GMT July 1, 2004
Removed my Euro to pay oz's stops..And only holding Eurogbp 67+ for the nice carry and the next move towards 65..
Off GL.
Calabash TarHeel 14:36 GMT July 1, 2004
Well folks startng my weekend early, throwing in the towel. closed two aud/$ shorts avg .7012 at .7010,
closed two $/cad longs avg 1.3295 closed 1.3315
closed 1 nzd short .6370 closed.6400
van Gecko 13:28 GMT July 1, 2004
Usd/Cad..
the Goose had level shifted down below the 3 month range.. 1.34 should now cap any retracements while 1.30 is waiting as the next stop on its mid term merry go South journey..
bottom picking contras could paid a few piking pips (1.36/37 is now a distant memory), but its less risky (avoid un-expected diving accidents) & the payout is much better to be a patient SOB'er & sell blips on approach to 1.34..
have a nice flight to 1.30..
Cheerios..
Dallas GEP 10:34 GMT July 1, 2004
Hmm... must have certainly missed something on USD/CAD guys. Gave back all gains on gbp/jpy on this one.
Dallas GEP 10:32 GMT July 1, 2004
GD it...lost my cad longs stopped out. Bummer looks like stop run., Still in AUSSIE shorts
Dallas GEP 10:27 GMT July 1, 2004
USD/CAD should find support now @ 1.3280
Dallas GEP 09:47 GMT July 1, 2004
OK now in on usd/cad long @ 1.3325 off an order. This could be an EXCELLANT long with 100-150 pips potential. 1.3310 moving average 200 day on dailies
Gold Coast martin 08:03 GMT July 1, 2004
Good Evening.....the euro and aud has re-assumed its downward bias and currently trying to breach resistance levels of 12080 and 6950 .Yesterdays fed non-event did provide a positive..it created new levels of entry for both currencies..so as posted yesterday traders who entered at 12195and 6990 will see positive return in the next 3 trading sessions....so for now range trading of 30-40 pip increments is the order of the day but remember the range trading should be with a downward bias as this trend is still evident...g/t
UAE Oil man 01:14 GMT July 1, 2004
Let's go Kangooroo hopping ...Yoohooo.
UAE Oil man 01:10 GMT July 1, 2004
Sell AUD 6982.
Gold Coast martin 22:13 GMT June 30, 2004
While the euros attempt yet again at the critical 12220 level has failed, the aussie is headed for a breach of the 6950 level ...Should this level break we are back to 6870 in no time...g/t
UAE Oil man 21:52 GMT June 30, 2004
Perhaps but it's a small animal, and it gets fed and full pretty quick..
Gold Coast martin 21:46 GMT June 30, 2004
UAE..The kangaroo has jumped into a green field and is grazing for 3 days....maybe....
Gold Coast martin 21:44 GMT June 30, 2004
London..HE!HE!,,Dont be misled by the manner of my latest posts...maybe a touch reflective for the duration and aftermath of the fed rate hike...but make no mistake...my black box has got the euro and usd in the red until december the 30th...g/t
UAE Oil man 21:44 GMT June 30, 2004
Another recovery london?..it recovers every 3 days that ozi ..lol.
London 21:43 GMT June 30, 2004
Aussie gained ground today as traders are beginning to
anticipate RBA rate hikes again ahead of the next meeting July 7th, with May's 1.2% rise in private sector credit taking it to a 14-1/2 year high. Yieldspreads have risen to 126 bps vs. 10-year US Treasuries and the recent expansion may attract buyers. There is further evidence that the market is set to test the middle of the 0.6800/0.7200 range at 0.7000. Many see today's break above 0.6950 as endorsing further gains in the days ahead
ifr.(extracts)
London 21:38 GMT June 30, 2004
Gold Coast martin agree however, your post are bearish to the degree that you are now a $USD bull with every post
Gold Coast martin 21:30 GMT June 30, 2004
LONDON...painful yes....not denying that...but no pain no gain...the painful shorts all become part of the medium to long trades which have a downward bias....within a time frame of course...g/t
London 21:24 GMT June 30, 2004
Gold Coast martin if your short as you mentioned in earlier post sub 68 - van Gecko mention of holding shorts must be quite painful !!!
Calabash TarHeel 21:21 GMT June 30, 2004
st. pete islander 21:12 GMT June 30, 2004
Islander, I hope so, that's a 170 pip drop today. Looked to be o/s and expect some retracement from around here. Who knows, may wind up eating it.
How goes it with you today.
st. pete islander 21:12 GMT June 30, 2004
Okay, TarHeel .... north form here, right? gl
Calabash TarHeel 20:59 GMT June 30, 2004
Well, buy order on $/cad 1.3320 filled, s/l below 1.3280 t/p open. See what happens.
Gold Coast martin 19:55 GMT June 30, 2004
CALABASH..You may see the levels you are targeting an hour into the australian session...g/t....g/t
Calabash TarHeel 19:52 GMT June 30, 2004
Gold Coast martin 19:34 GMT June 30, 2004
Hello Martin, I am going to sell the aud and kiwi somewhere along the line. I am going to give it a little time and see if the aud can be had in the .7010/20 range, may not happen.
gl,gt
Gold Coast martin 19:49 GMT June 30, 2004
UAE...More aussie pips for everyone and more euro stamps for zorro...he!he!
hk ab lazy 19:47 GMT June 30, 2004
See such a distorted mkt yet? Cad celebrate the 0.1% GDP with a break of 1.34....
such irrational break occured upside few weeks ago, in about a week time, the true move will set in later.
bc word's on ranging mkt rather than a trend mkt is valued.
UAE Oil man 19:45 GMT June 30, 2004
Yes martin, that AUD$ is ready to spit some more pips..it's a GOLD COAST OF PIPS ..Ah.Ah.
UAE Oil man 19:43 GMT June 30, 2004
Sell euro 1.2193 stops 37, target the moon and fast.
Gold Coast martin 19:34 GMT June 30, 2004
BRUXVILLE...WAIT UNTIL IT GETS TO 6990-95 LEVEL AND THEN SHORT WITH TARGET OF 6935...G/T..alternatively 6975-80 is still a good short....g/t
Bruxville Jim 19:32 GMT June 30, 2004
Gold Coast martin 19:20 GMT // Do you recommend shorting aussie now?
Gold Coast martin 04:07 GMT June 30, 2004
melbourne farmacia....assuming again...get your facts right:1 gold coast is NOT russian,2.gold coast is originally from melbourne..3. gold coast offered an insight into NBZD based on fact not fiction.....dont worry the only whack you may get is on your cable....good trades and smooth sailing for the volatile times ahead...g/t g/l
shanghai bc 04:07 GMT June 30, 2004
Trading God mentality is a sign of immaturity in the market..When one is battered and stabbed in the market so many times ,the reality of harsh trading world sets in sooner or later..There are traders who beat the market from time to time making millions and billions in the process.. But no trader can beat the market consistently all the time..The real art is when and how to leave the ring before being stabbled for the last time for good..Except Samuel of Lagos in GVI..
melbourne farmacia 03:51 GMT June 30, 2004
Yes.. very high turn over of fx gods on this forum...
Porto PJT 03:39 GMT June 30, 2004
Farmacia, lol, sometimes this forum is funny, cross going 1 or 2 fig in direction wanted, turn some traders in fx gods and telling all kind of bs to support is reasons and views.
Time to sleep, gt.
shanghai bc 03:39 GMT June 30, 2004
ST 02:39--Good morning..Still believe rate hike cycle is bad for Dollar down the road and buying anything below Eur/usd 1.20 is as good as money in the bank for the whole year..Not much of a techie,but Dollar Index is still firmly below 50 day ma within a down channel.No.5..A sign of weakening Dollar ,not a strengthening dollar..In any case,dollar collapse is out of question with China still on Dollar peg..With another 10% devaluation of Dollar,China will take away almost all manufacturing business of the world..So,Dollar is likely to be ranging in a broad range with weak bias..Not a good environment for trend following models..In a strange way,China, and Asia via China's Dollar-peg, has become the major Dollar supporter by a pure accident of Dollar peg business..That is till the peg goes..Imho..Good trades..
melbourne farmacia 03:30 GMT June 30, 2004
Porto PJT 03:14 GMT June 30, 2004
Good thanks mate...If i talk about things, the Gold Coast Russian Mafia will whack me...Hehe GT
Porto PJT 03:14 GMT June 30, 2004
Farmacia, hope you are well, be carefull, nzd monetary policy stuff is to keep in secret.......cheers & gt.
NYC YIPPEE 02:49 GMT June 30, 2004
melbourne farmacia 02:46 GMT June 30, 2004
Interesting relative to have.
In the big picture scenario room for the Kiwi to appreciate versus the dollar mainly. But have started to look at NZD/MXN which makes for an interesting position to have in the portfolio.
melbourne farmacia 02:46 GMT June 30, 2004
hmmm... Interesting discussion on the forum once again .... Having a family member who currently sits on the board of Reserve Bank of New Zealand, he would be very amused by one's so called knowledge on NZ Dollar, monetary policy etc.... GT
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