Malaysia

Whipsaw on Geppy... back up... testing the SBR white line.

http://www.forexfactory.com/images/icons/yen.gif USDJPY: Struggles to Extend Losses Sub 104.00
07:05 USD/JPY: Struggles to Extend Losses Sub 104.00

London, June 03. Risk Aversion remains at the fore this morning, following Standard & Poor's downgrading of Lehman, Merrill and Morgan Stanley, along with the fallout from the Bradford and Bingley situation. According to WSJ - Lehman Brothers is set to report its first quarterly loss since going public and is considering raising an estimated USD 4bln to help shore up its balance sheet. Stock markets have certainly taken a hit - DJIA closed down 134 last night and the Nikkei lost 230pts in Overnight trading. Dow futures are already under the cosh to post losses of 30pts so far. USD/JPY is struggling to fill bids in the 104.00-103.95 area at present however, having easily removed its 104.11 Asian range base. Stops at 103.90 the focus. - ThomsonReuters.com.

T R A N S L A T I O N
美元兑日元：风险厌恶情绪继续受到关注


标准普尔下调雷曼兄弟，美林及摩根斯坦利评级，以及有关Bradford及 Bingley的不利消息传出后，风险厌恶情绪再次受到市场关注。根据《华 尔街 日报》的消息，雷曼兄弟可能录得首个季度亏损，该公司正考虑筹集40亿美元 以平衡资产负债表。股市明显受到这些不利消息的打压，道指昨晚收盘下跌了1 34 点，日经指数亚市跌至了230点，道指期货目前下跌了30点。 但美元/日元目前得到104.00-103.95区域买盘支持，止损位于103.90。


08:46 USD/JPY: Stops at 103.80 Eyed
London, June 03. Bids in the 103.95 area have just been filled, with mild stops at 103.90 also tripped. More sizeable stops are eyed at 103.80 (90 day M/A) and these remain the near term target. Talk of bids from Asian sovereign accounts in the vicinity, which may go some way to limiting the downside. The mild recovery on Dow futures should also help to limit further near term weakness - now back in the black after staging a 30pt slide in early London. Very good size 104.00 expiries will also play their part as delta hedging confines in to the New York cut. EUR/JPY has been lent support from the EUR/USD up leg through 1.5600 - the cross trading back at 162.20, after testing support at 161.80 early on (contains sizeable stops). ThomsonReuters.com

T R A N S L A T I O N
美元兑日元：更多止损位于103.80


美元/日元刚刚消化103.95买盘，引发了103.90下方止损。更多止损位于103.80，将成为短期下行目标。传言附近有亚洲主权账户买盘，可能限 制下行。道指期货温和回升应该也会在短期限制进一步走软，该指数现已翻红。 104.00有大型期权到期，可能也会限制汇价走势。欧元/日元为欧元/美元突 破1.5600助了一臂之力。

Yen Outlook

10:29 GMT June 3rd USD/JPY and JPY crosses traded heavy in early Asia, weighed down by a plunge in the Nikkei after the TSE open. Stocks steadied however and most pairs bounced, before fresh weakness ahead of the London open. The 230pt negative close on the Nikkei guided the pair in through its 104.11 Asian base to test 104.00 on the London open, but bids at this level staved off initial assaults, before eventually crumbling. Dow futures traded in to the red and the near 30pt loss was the catalyst for the USD/JPY break to 103.89 with risk aversion still clearly apparent, following Standard & Poor's downgrading of Lehman, Merrill and Morgan Stanley, along with the fallout from the Bradford and Bingley situation. GBP/JPY and EUR/JPY sales were key drivers of the headline again today, but the failure of EUR/JPY to trip sizeable stops at 161.80 aided the subsequent recoveries. Dow Futures have since moved back in to the black and this also helping USD/JPY"s return to the 104.30-40 area. To note are decent size 104.00 option expiries for the 10am New York cut, which could help to confine on any setback. -Thomsonreuters.com.

美元兑日元：与股指期货一道回升

道指期货自早先的下跌30点转为上涨15点，推动美元/日元反弹至104.40附近。汇价初次下滑未能引发103.80止损，但该 位明显仍是市场关注焦 点。今晚在104.00有大型期权到期，应该会帮助限制走势。期权方面，投机者有稳固的协议价为102.00-102.50的三个月期期权买盘意向。

hey malaysia
dropped by to check out ur thread
damn its busy

noticed u still have ur longs in GU

i missed my chance to enter a long twice
so im gonna wait till bernanke's speech to see wat he reveals about future rate cuts.

Tuesday June 3rd, 2008

Posted Monday, June 2nd, 2008 by DC Bonta
Trade Set Ups

EUR/USD Long 1.5550-60 P/T 1.5600 1.5639
USD/CHF Short 1.0400-20 P/T 1.0340 1.0300
GBP/USD Short 1.9674 P/T 1.9614 1.9570
USD/JPY Short 104.62-80 P/T 104.02 103.21

This gentleman only suggests trades in one direction. He is quite good and uses technical indicators incorporating resistance and support. I listen to his daily video each morning.

The RESISTANCE and Pivots for USD/JPY are at 104.80 and 104.71 EXACTLY where it stopped overnight. I am waiting for USD/JPY to get a little higher before shorting it. Please keep in mind that Bernake Yaks at 9:00 AM EST.

Do you think a Short of GBP/USD at 1.9674 is a good trade ?


Bruce

As long as the BULL playing above the Daily Pivot... I can rest assured. If it drop below the Pivot... my heart will beating faster and faster.

I need to close this trades before 9pm Malaysia time. Before the three Musketeers open up their mouths.

Which one will happen first.. Hit SL below the 61.8% Fibbo OR... Take profit manually?

Tick... Tock... Tick... Tock...

T.A.Y.O.R!!!

http://quotes.ino.com/chart/?s=NYBOT_DX&v=s&w=5&t=l&a=2


Small Bounce from 5:00 AM EST...


Bruce

Hello friend from CABLE UPDATE THREAD

Yep... very busy in here... with various kind of PAIRS being discuss. Plus... fly buzzing in earlier on. Quite havoc.

Need to take out all floating positions before the speech Bro. Expecting very volatile movement... spike... whipsaw during the speech. Not just Uncle Ben gonna talk later... what about the 2 others.

i saw that fly
it was in cable thread earlier

crazy volatility during those speeches which are on the same time
so i guess its better to only listen to bernanke.

all the best bro
back to cable thread

nice videos, TQ for sharing..but tomorrow got exam so have to study first.... forex can wait..
p/s: sham, tomorrow got physics, maybe u can teach me, u already graduated as an engineer...

Penetrated the SBR already... came back inside the White CHANNEL... and already above the Daily Pivot.

Now the SBR will become RBS.

Tick... Tock... Tick... Tock... The clock still ticking.

CABLE Bull penetrated the Monthly Pivot already. Moved all SL below it. Securing Profit already.

Whip by Geppy.
Stop Loss Hit. Well time must wait for Euro Bond to be uptrend first before shorting GBPJPY. EuroBund keep dropping = GBPJPY keep increasing

Rarely I trade this pair... That was a Good Signal of a SHOOTING STAR CS earlier on Aussie H1 chart.

But with all the speeches soon... nothing for sure now.

T.A.Y.O.R!!!

Good Luck for your exam Bro

I can't teach you physics... because the Fly told me I am a lousy engineer. Don't have anything patent under my name You should further your study in India. Recommended.

Recommended to watch this VIDEO. A good lesson about FTP or FunTechPur knowledge. I like

Took out PROFIT from my multiple LONGs manually Now Going SHORT.

T.A.Y.O.R!!!

I wonder what those 3 Musketeers are talking about right now. But surely it does DRIVE and MOVE the market. Look at the volatility!!! Outrageous!!!

The PA looks good... every Pairs are moving in 1 direction only. No more whipsaw please.

As right now ... got SHORTs on CABLE and FIBER.

T.A.Y.O.R!!!

SHORT on CABLE... SL already at BE.

SHORT on FIBER. SL also already at BE.

Hard move down Eur/Usd..