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Daily Cable Analysis

  • #7,721
  • Mar 7, 2007 9:18am Mar 7, 2007 9:18am
Quoting Pipsqueak
Is it just me or is the market seem extremely predictable when it's ranging? It goes up down up down up down. I know a few pips doesn't sound like much but it adds up just after a few waves. One big advantage I see in a ranging market is that it's hard to lose money. There's no big movement to put you in a big hole if you're on the wrong end. And if you're wrong about a trade, just wait 15 minutes or so and the wave will retrace. So why is it that a lot of people not like/do scalping?
Good attitude lol carry on..............Winner do things differently...........U R that lol..........go get it,its all ours.....
"Trade for sake of trading & not for winning or Lossing"
  • #7,722
  • Mar 7, 2007 9:29am Mar 7, 2007 9:29am
Quoting HonaForex
Woooooooooooo...............hey dead frog leg is getting strong to Jump lol..........ascending triangle forming in 5 M chart..............hope it will jump soon................

Guys will there be any movement now............or same
"Trade for sake of trading & not for winning or Lossing"
  • #7,723
  • Mar 7, 2007 10:03am Mar 7, 2007 10:03am
At last guys are busy taking position................cool keep going let me watch little more fight..................
"Trade for sake of trading & not for winning or Lossing"
  • #7,724
  • Mar 7, 2007 10:06am Mar 7, 2007 10:06am
I will go long once more at 9280 provided if it hits now............waiting for it..........
"Trade for sake of trading & not for winning or Lossing"
  • #7,725
  • Mar 7, 2007 10:18am Mar 7, 2007 10:18am
Quoting cesarnc
This is last NFP (1hr chart). I don't have smaller time frame. I remember that 15M was pretty scary... Revision turned the market upside down.

Try trading this baby...
Well I did trade this after the news and did ok, but that is not what I was getting at.

Here is what I did on it.
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  • #7,726
  • Mar 7, 2007 10:20am Mar 7, 2007 10:20am
What I was getting at , is if the ADP could be made a fairly reliable judge, maybe more than say 60%, It would help in trading the NFP before the fact.

I think you are right, that will not happen.
  • #7,727
  • Mar 7, 2007 10:28am Mar 7, 2007 10:28am
NEW YORK (Dow Jones)--The dollar decreased 0.2% in February on a
trade-weighted dollar index of the average value of 15 major currencies, the
Federal Reserve Bank of Atlanta announced Wednesday.

The Atlanta Fed index is based on 1995-97 bilateral trade weights for 15
currencies, with an initial value of 100 in 1995. An increase in the index
reflects a strengthening of the dollar against the currencies included, while a
decrease means a weakening. The figures aren't actual exchange rates.

In February, all subindexes declined except the Pacific subindex, which was
unchanged. The Europe subindex posted the biggest decline, down 0.5%. The
America's subindex dropped 0.3%, followed by the Pacific-excluding-Japan
measure, which dipped 0.1%, the Atlanta Fed stated in a release published on
its Web site (http://www.frbatlanta.org).

The classic subindex, which is the analogue of the original Atlanta index, was
down 0.3% in February. The overall index in February was 1.5% below its
year-ago level. On a daily basis, the overall index increased 0.8% from the end
of January to the end of February, and was 1.3% lower than its value at the end
of February 2006, according to the Atlanta Fed release.

The European subindex includes the European Monetary Union, Switzerland and
the U.K. The Pacific subindex includes Australia, China, Hong Kong, Japan,
Malaysia, Singapore, South Korea and Taiwan.

The Americas subindex includes Brazil, Canada and Mexico. The overall dollar
index includes the Saudi Arabian riyal along with the other 14 currencies
mentioned.

The classic subindex includes the European Monetary Union, Switzerland, the
U.K., Australia, China, Hong Kong, Japan, Singapore, South Korea, Taiwan, Saudi
Arabia and Canada.
  • #7,728
  • Mar 7, 2007 10:32am Mar 7, 2007 10:32am
LOL, I think I may have digressed the topic a bit here. This is a thread about GBPUSD analysis and here I am talking about News and how it relates to GBP... Sorry about that. I think I will take my questions about ADP over to the News forum...

Scott
  • #7,729
  • Mar 7, 2007 11:06am Mar 7, 2007 11:06am
GBP/USD has rebounded to 1.9360 crucial Resistance in Asia as it was suggested.. The bias remains bearish and further fall towards 1.9140 and evGBP/USD has rebounded to 1.9360 crucial Resistance in Asia as it was suggested.. The bias remains bearish and further fall towards 1.9140 and even 1.9000 in longer may be seen over in the next trading days. A break below 1.9180 would be indication for such a scenario. On the other side, a break above 1.9360 Resistance may cause deeper recovery towards 1.9470 at least before and after Bank of England Rate Decision on Thursday. On downside, below 1.9255-50 first Support area may resume the downtrend towards 1.9185-80 area and lower over today and tomorrow.

Strategy-neutral.
"Trade for sake of trading & not for winning or Lossing"
  • #7,730
  • Mar 7, 2007 11:11am Mar 7, 2007 11:11am
Nice information lol................Thanks............keep going
"Trade for sake of trading & not for winning or Lossing"
  • #7,731
  • Mar 7, 2007 11:29am Mar 7, 2007 11:29am
Resisiting both way.....up & down.....once breaked we will see 9270/80
"Trade for sake of trading & not for winning or Lossing"
  • #7,732
  • Mar 7, 2007 12:37pm Mar 7, 2007 12:37pm
Its worst broker i believe in terms of spread, very rear we see spread of 4 & 3 is seen once in blue moon which they promise to give..............i need change my broker bcos i trade i 20 to 30 lots per day............broker is menting money...............guys who is best broker other than Efxgroup & Mbtrading who spread of 1 or 2 for cable
"Trade for sake of trading & not for winning or Lossing"
  • #7,733
  • Mar 7, 2007 12:39pm Mar 7, 2007 12:39pm
Its worst broker i believe in terms of spread, very rear we see spread of 4 & 3 is seen once in blue moon which they promise to give..............i need change my broker bcos i trade i 20 to 30 lots per day............broker is menting money...............guys who is best broker other than Efxgroup & Mbtrading who have spread of 1 or 2 for cable, even in time of high volatile the spread is 2 to 4,but Interbankfx my foot they have 6 to 15 during high volatile for long time.............it really sucks trading with them
"Trade for sake of trading & not for winning or Lossing"
  • #7,734
  • Edited 4:57pm Mar 7, 2007 1:26pm | Edited 4:57pm
Quoting HonaForex
Its worst broker i believe in terms of spread, very rear we see spread of 4 & 3 is seen once in blue moon which they promise to give..............i need change my broker bcos i trade i 20 to 30 lots per day............broker is menting money...............guys who is best broker other than Efxgroup & Mbtrading who have spread of 1 or 2 for cable, even in time of high volatile the spread is 2 to 4,but Interbankfx my foot they have 6 to 15 during high volatile for long time.............it really sucks trading with them
{link removed, see rule #3} offer 1 pip spread on GPB/USD
  • #7,735
  • Edited 4:57pm Mar 7, 2007 2:34pm | Edited 4:57pm
Quoting pauljones
{link removed, see rule #3} offer 1 pip spread on GPB/USD
Thanks lol.........well i spoke with,they have spread of 1 during london opening only & rest of the time they have 3 during normal market condiation & during volatile as per the market rates means there catch word............well do u trade with them live..............
"Trade for sake of trading & not for winning or Lossing"
  • #7,736
  • Mar 7, 2007 3:03pm Mar 7, 2007 3:03pm
Feeling sleep by looking over the market...................all the best to all...............
"Trade for sake of trading & not for winning or Lossing"
  • #7,737
  • Mar 7, 2007 5:30pm Mar 7, 2007 5:30pm
Quoting smjones
LOL, I think I may have digressed the topic a bit here. This is a thread about GBPUSD analysis and here I am talking about News and how it relates to GBP... Sorry about that. I think I will take my questions about ADP over to the News forum...

Scott
Why, it is a valid discussion here.
  • #7,738
  • Mar 7, 2007 5:49pm Mar 7, 2007 5:49pm
Quoting HonaForex
Its worst broker i believe in terms of spread, very rear we see spread of 4 & 3 is seen once in blue moon which they promise to give..............i need change my broker bcos i trade i 20 to 30 lots per day............broker is menting money...............guys who is best broker other than Efxgroup & Mbtrading who spread of 1 or 2 for cable
Here is the interesting thing. I have 3 accounts including IBFX. When IBFX goes to large spreads, FXSolutions will be 2 to 5 pips on bid above IBFX on market going long and the same below if market is going short. No one does this for free. If the spread is wider in the market it is wider, period. If you think brokers are going to give away their fees during these periods I have oceanfront property in Arizona for sale. Really good deal! Sorry, I don't mean to be offensive so if you took it that way I apoligize. Just use common sense.
  • #7,739
  • Mar 7, 2007 6:27pm Mar 7, 2007 6:27pm
hooray i can now once again post charts some how i inadvertently installed a toolbar and it messed everything up i've uninstalled it and were back to normal as if anyone cares
  • #7,740
  • Mar 7, 2007 9:42pm Mar 7, 2007 9:42pm
this is only a test
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