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Wednesday, January 16, 2008

van Gecko 12:19 GMT January 16, 2008
"07:08 GMT November 19, 2007
Near-term Carry Trades heading towards last week's lows..
Short-term Carry Trades heading towards their August lows..
Mid-term Dollar Index heading towards 88.."


HK Kevin 10:03.. you may be right..
only scaling in small possies here risking a portion of the pips from way up there..;)


HK Kevin 10:03 GMT January 16, 2008
van Gecko 08:30 GMT, it may be just the beginning o a multi-month downtrend for EUR/JPY. See no reason to buy it for mid term. Of course, day trading is another story.


van Gecko 08:30 GMT January 16, 2008
memphis trending.. levels from here down to 1.54 presents good risk scale in opportunties for positional trendkies.. depending on your risk profile, scale in small & add up with the bias.. weeklies below 1.54 may have further down side momentum to the 1.40's.. gl

eur/yen @156

memphis trending 07:54 GMT January 16, 2008
van Gecko:
Thank you, sir. Based on your analysis, where to put stoploss for the long Eur/JPY plz?
Thanks again.


van Gecko 07:50 GMT January 16, 2008
memphis trending..
I wouldn't rule out a near term side to up bias back towards the 1.65's.. Eur/Jpy & cousins down here at their rising 7 year TL's should still attract some real money trendkies..gl


memphis trending 07:36 GMT January 16, 2008
van Gecko:
If eur/jpy rebound, whats your target plz?
thank you


van Gecko 07:28 GMT January 16, 2008
Euro holding 1.48 despite the carnage inflicted on Eur/Jpy longkies.. Europhiles may get lucky with another go at 1.50 with a good near term bounce by the Japanese crosses from their weekly & monthly ma's..
Have'pip New Year

Euro @ 1.48 Eur/Jpy @ 157
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