Forex rebates on every trade - win or lose!

zzzzzzzz maggott go ...go fishing....

maggot, go catch a couple of roach

Ok, guys. Off I go.

Bye, bye, everybody.

Bye, bye!

Just ignore them, Maggot

Cable's excruciatingly exciting today.
Swissie might be a long soon.

mng choc boring @ mom.. we need a few orders to liven things up..

Has Hilary left this board...or on an extended holiday..
Not seen her post for ages

Not had a trade all day, looks like I missed some nice points on cable

Well, jeffie...had a great Swissie long going this morning, and then stuffed myself by reversing and trading cable long before 3:00pm.
If you need a dummy, there's one here. :S

went long cable earlier at 1.8642. Will leave overnight

right ya bunch of feck wits....i have added the currencies to me e-signal package so I am looking at this stuff now to build a system around...will be keeping an eye on this board and trying to pick up some tips from you expert dudes (i do not include mg in that).

its like a whole new world :-)

just closed half of my overnight cable long for +51, which is nice

Sold the rest for +47. Looks like its running out of steam.

CURRENCY MAJORS TECHNICAL ANALYSIS Wednesday, January 26, 2005 6:31 GMT Daily Report By Mataf.net http://www.mataf.net/en/   EUR/USD Short term (Intraday) 1,2988. EUR USD is in a range between 1,2930 and 1,3090. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The price has a good probability to go up. The price should find a support above 1,2920. We won"t take a position. 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 1,3000 - 1,3020 - 1,3080 Supports 1,2975 - 1,2950 - 1,2920

USD/CHF

Short term (Intraday) 1,1921. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The price is just bellow 1,1960 resistance. The volatility decreases. Oscillators are neutral. We won"t take a position. 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 1,1940 - 1,1960 Supports 1,1900 - 1,1875

Just bought USD/JPY 103.60, stop at 35

Welcome aboard Ginger Scrotum ...... glad you've picked the right thread ;)

Nice trades Jeff.

Looking to try and catch the 07:30 effect ;)

mng all

EUR/USD

We expect a reverse during the next few hours. Reistance starts at 1.3042 followed by 1.3128 and 1.3177.
Support is seen at 1.2907, 1.2860 and 1.2775.
Current quote is 1.2984

Recommended trades:

Short at 1.3020, t/p @1.2980, s/l @1.3050

USD/JPY

Support was found at 103.11. A new rally towards 104 area is possible.
Current quote is 103.56

Good evening!

I am not posting any trade ideas in this email. I am not 100% confident in any trade idea right now -- today was a big move (and a move in the direction that I have been expecting, as you know).

For the zillionth time, I want to re-emphasize and state clearly: I believe the USD is going to grow stronger temporarily, and then it is going to fall apart. I believe we will see EURUSD 1.4000 and GBPUSD 2.0000 by the end of 2005.

Here is a wonderful quote from the Financial Times:

"Could a country with a de facto dollar peg diversify its reserves without appreciating against the dollar? Many assume not. In fact the answer, as so often in international economics, depends on whether the country in question is "small" or "large" in this context. A "small country" with medium-sized reserves, such as Thailand, Malaysia or even India, could continue to absorb surplus dollars on the bilateral currency market, but sell its stock of dollars for euros. The effect would mainly be to push the euro up against the dollar. The central bank's own currency could remain pegged.

A "large country" - Japan or China - could also embark on the same strategy. But the scale of the dollar sales would probably cause a generalised dollar collapse, with private buying disappearing altogether, demanding still greater central bank purchases. The central bank would lose control over domestic money supply, resulting in soaring inflation that would in turn push up the real exchange rate. In practical terms, Japan and China probably cannot diversify to a meaningful extent without letting their currencies rise. So keep an eye on the other Asians. Who will break ranks first?"

Did that make sense to you? If not, read the entire article here:

http://news.ft.com/cms/s/881eb29e-6e78-11d9-b058-00000e2511c8.html

Often I make jokes about currencies. But this editorial is the best summary of what I think is happening in the currency markets. It is the best summary I have read in months, maybe years. Please re-read those last two paragraphs -- the ones I included above. This tells you, very succinctly:

1. Asian Central Banks are not going to finance the US deficit forever.
2. They will continue to buy dollars for most of this year.
3. The USD will eventually collapse when they start to trade their USD for EUR.

Have a great day tomorrow. If I find any really good trade ideas, I will send them to you immediately.

Rob

Morning Mos, who is that post above from?