Forex rebates on every trade - win or lose!

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?

jm,ill fwd email to you,go on his site u can sign up for a few free things he bascically looks to take just a steady 10 tics a day,but theres some good other stuff that makes u sit back and think..

mos, could you send onto me as well please.

cheers mate. Off to work now, be lucky

yep.
www.robbooker.com

thats it above quite a good site,ive signed up for the mentor prog 200 $ a month ,only as iam a lazy git,who needs to brush up on his charting techniques,ill let u know how i get on....
diff site no crap just tells you what he thinks....
if u can go onto fxstreet.com,sign up its free as rob,tomis doing a webcast and you can either ask a quest or just read the transcript,but on the ask the experts tab there are some really good previuos transcripts to read,which if you have a spare min,well worth reading...

Oh Well - no real 07:30 effect so back to chart watching ;(

GBP/USD - British Pound Dollar
Short term (Intraday)
1,8690. GBP USD is in a range between 1,8550 and 1,8800. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). GBP USD is in a consolidation after the last bearish movement. The volatility decreases. Oscillators are neutral. The price should continue to move in 1,8550 / 1,8800 range. We won't take a position.
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
1,8700 - 1,8760 - 1,8800 - 1,8820
Supports
1,8680 - 1,8660 - 1,8630

MPC voting interpretation at 9.30 key to pound today

mostrader. I'd also be interested in the site mentioned in post 3055. Thanks.
Mac

yep..magg ...address on the post..

Short triggered from 700 whilst I was having a cup of tea ;)

$/Yen may prefer the short side side while it's under 103.8