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The Forex Thread (FX)     

hilary - 31 Dec 2003 13:00

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Forex rebates on every trade - win or lose!

MightyMicro - 18 Jan 2005 00:51 - 2639 of 11056

jeff: did you want live prices?

jeffmack - 18 Jan 2005 06:09 - 2640 of 11056

MM, not bothered about streaming, just up to date prices.

jeffmack - 18 Jan 2005 06:10 - 2641 of 11056

Closed my USD/JPY short last night for -10 and took out a cable short with an OCO in place with limit hit overnight for +60

mostrader - 18 Jan 2005 06:11 - 2642 of 11056

mng jeff was a good spike down over night thin new york trade looks like someone taking out a few stops...

jeffmack - 18 Jan 2005 06:36 - 2643 of 11056

mng mos, your right there, flat at the mo and just catching up on some of the news before i head to work.

Maggot - 18 Jan 2005 06:39 - 2644 of 11056

Morning mostrader. Thought about a small overnight short on Cable from 1585, but didn't. Nice start for you. I have never traded Euro/Yen but see it bounced exactly off 133.33 as suggested by FXStreet.com

mostrader - 18 Jan 2005 06:51 - 2645 of 11056

mng chaps... got TIC data out in sates this afternoon,could provide volitily,exp 55/62 bill inflow of funds....
my view is these overnight moves where triggered by thin mrkts and stops been taken out eurusd traded below important fib level 30.20,if breaks 28.50 could be on cards, cable could follow 84.35 being big support under that heading for 82.00
which would be a fib retracent of 61.8 (75%) of the sept/dec rally....
of course a bad TIC number could once agin focus on the budget deficit and see usd weaken once again.
have a good day all..
and that includes you hilary,
mos

Divetime - 18 Jan 2005 08:07 - 2646 of 11056

Morning all,short cable at the moment.

mostrader - 18 Jan 2005 08:09 - 2647 of 11056

mng dt.

mg - 18 Jan 2005 09:10 - 2648 of 11056

Was stopped out of that 600 long position for -25. Now have open to buys in @ 555 and 455. My open to sell is in at 700.

mostrader - 18 Jan 2005 09:15 - 2649 of 11056

ok mg went long@ 33 out @ 73 not trying to be to clevr today feel usd is @ crossroads waint for TIC data..

jeffmack - 18 Jan 2005 09:37 - 2650 of 11056

EURUSD
EUR/USD broke to new lows overnight once the 1.3060 support gave way and almost touched the big 1.3000 level. The 1.3060 level is now resistance and EUR/USD may push lower to 1.2900 on the next downward wave today.
Resist.
1.3217
1.3151
1.3044
1.3019
1.2953
Support

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

GBPUSD
GBP/USD saw a little pop overnight on the house price data after yesterday’s demise. But the chart remains markedly bearish. The old low of 1.8650 is now resistance as GBP/USD may head to 1.8400 on the continued downward trajectory.
Resist.
1.8885
1.8769
1.8594
1.8537
1.8421
Support

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

USDJPY
USD/JPY action overnight shows that the strong USD is slightly taking over the strong JPY as a theme as USD/JPY took out 102.30 resistance overnight. This puts USD/JPY in a possible short-term rally situation – with 102.75 as the next important resistance area. The maximum upside for now would appear to be 103.15. An eventual return to the downside is expected however, and an immediate return below 102.30 would erase the short-term rally chances for this pair and could put USD/JPY on the path to new lows toward 100.00.
Resist.
103.01
102.51
102.70
101.51
101.01
Support

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

EURJPY
EUR/JPY finally stopped for a small breath as the pair found support near the 133.30 lows. Still, no reason for bulls to get their hopes up, as the pair may run into resistance around 134.00. If that level doesn’t hold, a temporary spike higher to 135.00 can’t be ruled out. The major downside target is still 130.00 further out, with lower levels still even further down the road as a new major bear market is under way for this pair.
Resist.
135.01
134.29
133.95
132.85
132.13
Support

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

USDCAD
USD/CAD launched a fresh rally yesterday and may look to find support at 1.2200 today. 1.2250 provided resistance yesterday, but may not hold for long as the pair looks to head higher toward the 1.2460 top. 1.2650 is a higher target still a bit farther down the road.
Resist.
1.2287
1.2224
1.2224
1.2098
1.2035
Support

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

USDCHF
USD/CHF did find support at 1.1775 and headed to a marginal new top just short of the 1.1900 area overnight. Support is now around 1.1840 as the pair possibly looks to head to 1.2000+ in the near future.
Resist.
1.1957
1.1886
1.1859
1.1743
1.1671
Support

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

AUDUSD
AUD/USD broke convincingly lower through the 0.7550 support – which now becomes resistance. New lows may await this pair toward 0.7450 and eventually even 0.7360.
Resist.
0.7679
0.7635
0.7533
0.7547
0.7503
Support

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

NZDUSD
NZD/USD broke to a marginal new low around 0.6900 and could head lower still toward 0.6740 with 0.6950 as resistance.
Resist.
0.7086
0.7031
0.6925
0.6921
0.6866
Support

By Saxo Bank Strategy Team


mostrader - 18 Jan 2005 09:46 - 2651 of 11056

chees jm

mostrader - 18 Jan 2005 09:54 - 2652 of 11056

cable looking for test of old support/ 86.50 now res

jeffmack - 18 Jan 2005 09:56 - 2653 of 11056

above report suggesting 1.8650 might be resistance. I have a sell order in at 1.8645

jeffmack - 18 Jan 2005 09:59 - 2654 of 11056

limit got hit so short cable 1.8645, stop at 1.8665

Tellon - 18 Jan 2005 10:04 - 2655 of 11056

Any one turning a good profit the past 7days? +300pips say?

Been wipeing out 60% of the time the past week. Wondering if its just me or the unsure ness of the market?

mostrader - 18 Jan 2005 10:06 - 2656 of 11056

to be honest tell, done ok but changed my trading style quite happy to miss a move just so i can get a good indcation of direction,i.e missed the move up after us trade last week,but shorted cable on way down,for me its a bit to volitile just to jump in

Tellon - 18 Jan 2005 10:08 - 2657 of 11056

You technical trader mos?

mostrader - 18 Jan 2005 10:18 - 2658 of 11056

well kind of, but do a bit intra day ,which is not always a good thing..lol
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