Forex rebates on every trade - win or lose!

mg, as ive mentioned b4 at the cost of some unrest on this thread the asain/europe handover normally provides great oppertunities..not everyday but more often that not..
well done.
mos

long $/Cad and/or short $/Yen possible best candidates?

hod dont trade thme to be honest below may help..?



USD/JP


Support is seen at 102.30 followed by 101.65 and 101.30. Key resistance was found at 103 followed by 103.25 and 103.60.
Current quote is 102.62.

Recommended trades:

Short at 102.80, t/p @102.50, s/l @103.00

USD/CAD

Current quote is 1.2299

Recommended trades:

Short at 1.2310, t/p @1.2255, s/l @1.2335

USD/CHF

Current quote is 1.1847

Recommended trades:

Short at 1.1895, t/p @1.1850, s/l @1.1915

Reversed my USD/CHF short at about 1.1851 before I left home for -13.

Mos, now I know what you meant by "ok jm"

lol

DAILY RECOMMENDED FOREX TRADE
Thursday, January 20, 2005 9:43 GMT
Daily Report
By FortKnox Trading
http://www.fortknoxtrading.com


USD / CHF
USDCHF is being traded in range between 1.1700 and 1.1900. The RSI in 4 hour and daily charts is around 60 while around 50 in weekly charts suggesting the range bound nature of USDCHF. While the currency stays in a range, it provides traders especially intraday traders to enter on any side of the range. Entry with tight stop is suggested and trailing stop might be used to extend the profit range.


Recommendation:

Sell USDCHF at 1.1902 with 40 pips stop (1.1942) and take profit at 80 pips (1.1822). Target is at 1.1763

jm, chf call is spot on good intra day play..

shrt chf @ 06

usd looking a bit punchy here....hmmm

mos
Having probs again getting into D4F so just got in and closed my USD/CHF at 1.1905. Nothing open at mo

jeff iam shrt ave now of 10..sld sme more @ 17 but not 100 %

jm, moved stop down to 05 to lock in sme profit ......

Having a bad time on Euro/USD. Thought at 2965 it might zoom down, but no. Didn't catch the quick spike down. Now what is it doing?

mos
Looks like its me you and malcolm on here now, everyone else seems to have gone on holiday.

Come on you lurkers, say hello

Hello

:)

jm, i think this i s one of the best threads on mam,apart from ftse..100 thread ,where my extended family live....
there u r choccy... and morning helen.......
usd pretty bullish this am ,bush getting sworn in later on....god help us,but expect a bit of volitlty then think its 5 or 6 our time....

morning helen and choccy

jm squared up on chf.... seems to be holding above 19 may wait for break
of 1885/90
cable holding above 50..

DAILY FX COMMENTARY
Thursday, January 20, 2005 11:18 GMT
Daily market analysis
By Investica
http://www.investica.co.uk


Daily Market Analysis 20/01/05
The yen was unable to strengthened through the 102.0 level and the US currency strengthened back to near 103.0 in New York before drifting back to 102.6 in early Europe on Thursday. Subsequently, the yen weakened back to 102.85. The Euro was unable to sustain gains beyond 134.0.

Japanese officials have warned over potential intervention while the Bank of Japan also expressed concern over the yen"s level for the first time since last May. The Finance Ministry appears very reluctant to accept dollar gains through 100.0 and the verbal intervention is a clear warning to the markets. The situation will still be complicated by the fact that Japan will be very reluctant to intervene ahead of the early-February G7 meetings. Some form of informal intervention is realistic.

There have been media reports that the Chinese central bank could consider a yuan revaluation from mid February. There have also been some speculation over a Malaysian ringgit revaluation which will create further Asian currency demand. The underlying pressure for Asian currency gains and speculation over such a move will offer strong background yen support. The NIkkei index weakened overnight and, with deflation concerns, there will be some doubts whether yen buying offers value below the 102.0 level. There will be a risk that speculative and investor yen demands will diverge over the next 2 weeks ahead of the G7 meetings. This would increase the risk of at least a temporary sharp dollar correction higher