mind you check mout the usdx and usd chf look ready to break any min
Which would mean weak dollar.
They almost look like the same chart.
Which would mean weak dollar.
They almost look like the same chart.
#doyourownanalysisordietryin
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DislikedHello Traders,
i will enter short at 1.9850 area, for 70-100 pips profit.
what do you plan to do ?
we have double top, and many stochastics are overbouth... and it is friday
here is another opinion of Philip Nel (very good trader), and he is for long cable .... http://forexfactory.com/showpost.php...ostcount=15050
wish you profitable trading
FXPIgnored
DislikedI heard something recently about news numbers like Non farm that actually makes perfect sense and is now obvious.
Trade desks are not looking at that released number alone. They take say the previous 4 months and and 12 months and average them. Which may answer the question we ask about news releases ,when we don’t see the desired effect on certain numbers.(as well as being priced in etc)
That also got me thinking as to how much do I know about the number on existing home sales today. Well not much apart from the headline predicted number which is 4.86 million sales for the month of April 08.I have no idea how that number relates to the last few years at all.
So I have looked into it so I can have a view of how bad/good that number is
In 2005 the average monthly sales were 7.076 million
In 2006 the average monthly sales were 6.478 million
In 2007 the average monthly sales were 5.652 million
Home Sales are down 2% from Feb to March 08 and 19.3% Vs last year.
Since Dec 07 to march 08 (last 4 months) we have an average number of 4.940 million.
I think this will help us understand the number more as to when it’s released as to how good or bad it is.Ignored
DislikedTodays fig 4.89 pretty close to the last 4 month average. We may have hit the bottom.Ignored
DislikedSounds good but Im not selling in an uptrend, learned my lesson. I will buy def. when I think that it has reached a bottom.
Ignored
DislikedSounds good but Im not selling in an uptrend, learned my lesson. I will buy def. when I think that it has reached a bottom.
Ignored
Dislikedstill sticking to my guns here i wish i shored a bit higher but i wont add another just incase........dont want to send it up any more....
target @ 1.9619Ignored
Dislikedexactly
this could be the start of the housing recovery
i was thinking about that but i didnt dare say it so that i wont be eaten a live by dollar hatersIgnored
Dislikedstill sticking to my guns here i wish i shored a bit higher but i wont add another just incase........dont want to send it up any more....
target @ 1.9619Ignored
Dislikedexactly
this could be the start of the housing recovery
i was thinking about that but i didnt dare say it so that i wont be eaten a live by dollar hatersIgnored
DislikedStill need to get above the 5 mil mark I think Salah as that is as low as the lowest reading I can see.Ignored