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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!

chocolat - 28 Jan 2005 10:27 - 3144 of 11056

It's a long way for me to go for lunch, Addo ;)

Mega Bucks - 28 Jan 2005 11:47 - 3145 of 11056

long cable @31 s/l on

Mega Bucks - 28 Jan 2005 14:16 - 3146 of 11056

covered cable @61 :-)

jeffmack - 28 Jan 2005 14:46 - 3147 of 11056

well done mega

mostrader - 28 Jan 2005 14:48 - 3148 of 11056

mega well done,been baby sittig sick family so havnt been able to post much but shtred cable after figs..@ 78 still shrt,back to norm monday..
had to add had my 10mth old little girl on my knee had a ticket open..always dangerous and yep she clicked it so the shrt 78 entry, was made by a baby..... and its been my best fx trade of the day.....
got me thinking...:)

Mega Bucks - 28 Jan 2005 14:49 - 3149 of 11056

thanks jeff,you aint done to bad either !!!

mostrader - 28 Jan 2005 15:25 - 3150 of 11056

any ideas what happened there must be a rumour got myself long stg @ 8787 low of dat bloody fluke ..lets c how it pains..out

Mega Bucks - 28 Jan 2005 15:26 - 3151 of 11056

long CABLE 805 s/l on

Mega Bucks - 28 Jan 2005 15:41 - 3152 of 11056

covered CABLE 817

mostrader - 28 Jan 2005 15:48 - 3153 of 11056

sweet mega,iam looking for 8850..greedy boy.

Mega Bucks - 28 Jan 2005 15:51 - 3154 of 11056

me thinks your right,jumped ship to early :-)

mostrader - 28 Jan 2005 15:55 - 3155 of 11056

out @ 33 meg..that will do must of been a rumour i tried to buy @ 87 as cmc wnet 94/96..i was on phone so thought bugger..then it went green @ 87..dont get many of those..time to crack open a beer..

Mega Bucks - 28 Jan 2005 15:57 - 3156 of 11056

mos,well played my man,enjoy your beer :-)))

jeffmack - 28 Jan 2005 16:39 - 3157 of 11056

Well done boys, mos ask the bairn to put on a few trades for me

chocolat - 28 Jan 2005 16:56 - 3158 of 11056

Couple of nice shorts today - last night was awesome :)

mostrader - 28 Jan 2005 17:45 - 3159 of 11056

chocalt.. what about the cable short...no bragging please..:)

Addo - 28 Jan 2005 17:55 - 3160 of 11056

chocolat, shorts = quickie, right ??

chocolat - 30 Jan 2005 13:09 - 3161 of 11056

Better than that, Addo ;)

jeffmack - 30 Jan 2005 17:47 - 3162 of 11056

EUR/USD


Important resistance
level was found in the 1.3120/30 area, where we have a double top formed
in the last two weeks. As we can see on the chart, this resistance level is also
the 38.2% retracement
of the 1.2225-1.3665 rally.

Any breach here, on the first major resistance
level will probably push the
EUR higher where it will face the second resistance level at 1.3205/10. On the
other side, major support
was found in the 1.2945/55 area, also the 50% retracement of the 1.2225-1.3665
move. A break of the first
important support in the 1.29/3 area (1.292 thru 1.295 and 1.298 trend line)
will accelerate the further decline
of the EUR towards the major support at 1.2945/55 I mentioned before and this is
exactly what we expect for the mid term.
In fact, if this breakout at 1.2950 will occur, we will probably say bye bye to
the 1.3 area.
We look forward for a short entry around 1.3130/50 and hold it for an exit
around 1.2920/40.
EUR/USD weekly chart


jeffmack - 30 Jan 2005 17:48 - 3163 of 11056

USD/JPY


Major support key was found in the 102.95 area
after a new test of the second support level at 102.46 where
a fresh double bottom was formed.
The pair is still trading in range (101.63 thru 103 support and 103.2 thru 104.3
resistance) and currently
right above its 50 period EMA. Important resistance is seen in the 103.76 area
followed by 104.37/45.
If the first support level at 102.94 will be strong enough to hold for another
test, we will probably see
a new rally and a breach of the second resistance level that will push the
dollar higher, towards 105 area.
A range breakout in the 103 area will dig the hole for fresh lows towards 101
area.
For a mid term position, we will wait for a new range support test. If it holds,
we will target the 104.70/105
area.
USD/JPY weekly chart


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