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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!

mostrader - 21 Jan 2005 06:35 - 2840 of 11056

Short term (Intraday)
1,2950. EUR USD broke 1,2980 support. EUR USD is in an downtrend directed by 15min exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are parallel and form the trend. RSI is in a bearish configuration. The downtrend should continue on 1,2850 support. We could take a short position at 1,2950. We will put the stop loss above 1,2985 (-35 pips). The major target is 1,2850 (+100 pips). This is a dangerous trade, take care and put your stop loss.
Medium term (Daily)
EUR USD is in an uptrend supported by daily exponential moving averages. The volatility is low. Bollinger bands are drawing the trend. RSI goes out overbought state and give a negative signal. The price should consolidate.
Long terme (Weekly)
EUR USD is in an uptrend supported by weekly exponential moving averages. The volatility rises. Bollinger bands are deviated. MACD is in a bullish configuration. The uptrend should resume with more vigor..
Resistances
1,2980 - 1,3010
Supports
1,2935 - 1,2850

mostrader - 21 Jan 2005 06:35 - 2841 of 11056

GBP/USD - British Pound Dollar
Short term (Intraday)
1,8712. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The downtrend should resume with more vigor.. The price should find a resistance below 1,8740. We could take a short position at 1,8715. We will put the stop loss above 1,8750 (-35 pips). The targets are 1,8640 (+75 pips) 1,8470 (+245 pips). This is a dangerous trade, take care and put your stop loss.
Medium term (Daily)
GBP USD broke the triangle pattern's resistance. The pattern's objective is 2,0000. GBP USD is in an uptrend supported by daily exponential moving averages. The volatility rises. Bollinger bands are deviated. MACD is in a bullish configuration. The uptrend should continue on 2,0000 resistance.
Long term (Weekly)
GBP USD is in a triangle pattern. GBP USD is in an uptrend supported by weekly exponential moving averages. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The uptrend should continue to gather momentum.
Resistances
1,8740 - 1,8780
Supports
1,8710 - 1,8660 - 1,8550

mostrader - 21 Jan 2005 06:36 - 2842 of 11056

USD/CHF - Dollar Swiss Franc
Short term (Intraday)
1,1921. USD CHF broke 1,1900 resistance. USD CHF is in an uptrend supported by 15min exponential moving averages. The price is just above 1,1920 support. The volatility is low. Bollinger bands are parallel and form the trend. RSI is in a bullish configuration. The uptrend should continue on 1,2200 resistance. We could take a long position at 1,1920. We will put the stop loss below 1,1885 (-35 pips). The targets are 1,2140 (+220 pips) 1,2200 (+280 pips). This is a dangerous trade, take care and put your stop loss.
Medium term (Daily)
USD CHF is in an downtrend directed by daily exponential moving averages. USD CHF is in a consolidation after the last bearish movement. The volatility rises. Bollinger bands are tightened. daily MACD crosses and gives a positive signal. The price should continue to consolidate. The price should find a resistance below 1,1800.
Long term (Weekly)
USD CHF is in an downtrend directed by weekly exponential moving averages. The volatility rises. Bollinger bands are drawing the trend. RSI is in a bearish configuration. The downtrend should continue on 1,1200 support.
Resistances
1,1945 - 1,2140
Supports
1,1920 - 1,1900

mostrader - 21 Jan 2005 06:37 - 2843 of 11056

USD/JPY - Dollar Yen
Short term (Intraday)
103,42. USD JPY is in an uptrend supported by 15min exponential moving averages. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are parallel and form the trend. RSI is in a bullish configuration. The uptrend should continue on 104,00 resistance. We won't take a position.
Medium term (Daily)
USD JPY is in an downtrend directed by daily exponential moving averages. The volatility is high. Bollinger bands are drawing the trend. MACD is in a bearish configuration. The downtrend should continue to gather momentum.
Long term (Weekly)
USD JPY is in an downtrend directed by Weekly exponential moving averages. The volatility rises. Bollinger bands are deviated. MACD is in a bearish configuration. The downtrend should resume with more vigor..
Resistances
103,60 - 104,00
Supports
103,30 - 103,00

jeffmack - 21 Jan 2005 06:44 - 2844 of 11056

mng mos, how goes it mate

mostrader - 21 Jan 2005 06:50 - 2845 of 11056

no bad mate,cheers..... doing bugger all @ mom,not sure where this is going today,keep wanting to shrt usd chf,but it seems to be happy above 19,little movement over night....
happy damn friday i suppose jeff....
big one last night....

jeffmack - 21 Jan 2005 06:57 - 2846 of 11056

one of those nights I didnt have much but felt pissed (happy)

mostrader - 21 Jan 2005 06:59 - 2847 of 11056

yep ben there ended up here got it round me tits,s+p was meant ot be going out,but decided to dig myself out the mire,which i eventually did,,
lets c what today brings..

jeffmack - 21 Jan 2005 07:01 - 2848 of 11056

Had a couple of Japs with us which is always good value. You can take the piss without them realising it

mostrader - 21 Jan 2005 07:09 - 2849 of 11056

mate i spent about 18 mnths in tokyo..enough said....
took a client out from @ the time bank tokyo ,saki frenzy in a sushi bar, i went to the loo came back and he was face down in the table coudnt wake him up,had to take him back to my apartment.... which @ the time i shared with 2 aussie dealers from westpac,you can imagine..poor guy nearly shat himself when he woke up on sofa nxt day.......lol.....

mostrader - 21 Jan 2005 07:09 - 2850 of 11056

jm. ill be up city in nxt week or 2 ill post you and well have a beer

jeffmack - 21 Jan 2005 07:10 - 2851 of 11056

ok, nice one

mostrader - 21 Jan 2005 07:13 - 2852 of 11056

plus jm,they are dirty little buggers.....(some of them..not a generalisation of the japanesse race)

mg - 21 Jan 2005 07:23 - 2853 of 11056

Not quite as good as yesterday's move but I went against the rise just after 06:00 @ 18710 and have just pulled off 30 points ;)

mostrader - 21 Jan 2005 07:29 - 2854 of 11056

niceone mg..iam long 76 from move down...

mostrader - 21 Jan 2005 07:33 - 2855 of 11056

- stg @ 14

mg - 21 Jan 2005 07:34 - 2856 of 11056

Bit of learning (for me anyway) - looks as if I might have traded the wrong move. I failed to reverse long from around the 675 mark - which may well be the "real" trade.

Shouldn't be greedy though 30 points before breakfast is a reasonable return.

mg - 21 Jan 2005 07:38 - 2857 of 11056

mos
Well done on the 76 long - I think I was being too impatient - ended up being "lucky" by reading the small move up as the indicator. I should have been looking for the bigger move - which was the down to 76.

You live and learn.

mostrader - 21 Jan 2005 07:39 - 2858 of 11056

nope mg uve doen well,i was waitn for a retest of 50 but more luck than judgement,that i got on where i did.

mg - 21 Jan 2005 07:46 - 2859 of 11056

Well, as I read it now - based on the contrarian theory I was going on about yesterday the best trade was yours at 76 - would now have been +50. Never mind I'll be looking for the "real" trade more closely in the future.

Did you reverse at 14 ?
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