US Housing Starts | Forex Factory

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US Housing Starts

  • #1
  • First Post: Nov 17, 2006 5:12am Nov 17, 2006 5:12am
According to BurKing

previous months US Housing Starts coincides to the CPI reading


Are we having a US down on this report ?
"Quality means doing it right when no one is looking"
  • #2
  • Nov 17, 2006 5:19am Nov 17, 2006 5:19am
im looking at a spike up after the release then im gonna sell gbp/usd. things can change in the next few min
If I Go Broke Trying Then I Will die happy.
  • #3
  • Nov 17, 2006 5:22am Nov 17, 2006 5:22am
we all know the predictions way before and as we are all aware the number would come bad, would it still effect the currency ?


looking at a small movement and then correction to back where it was ?
"Quality means doing it right when no one is looking"
  • #4
  • Nov 17, 2006 5:26am Nov 17, 2006 5:26am
Quoting ikimashu
we all know the predictions way before and as we are all aware the number would come bad, would it still effect the currency ?


looking at a small movement and then correction to back where it was ?
I think it will only have a nice move if its way off but if its pretty close then imho im thinking very short spike maybe 10 pips.

Does anyone know if housing moves JPY as well?
Ghost Swoopen in for my pips while no one is lookin !!
  • #5
  • Nov 17, 2006 5:40am Nov 17, 2006 5:40am
Quoting Moe
im looking at a spike up after the release then im gonna sell gbp/usd.


Thanx Moe again !
"Quality means doing it right when no one is looking"
  • #6
  • Nov 17, 2006 5:43am Nov 17, 2006 5:43am
i say take profit a.s.a.p 5-15 pips, not much movement
If I Go Broke Trying Then I Will die happy.
  • #7
  • Nov 17, 2006 5:48am Nov 17, 2006 5:48am
wanna see just how bad the US housing market is doing? just look at this graph...


http://www.census.gov/briefrm/esbr/www/esbr020.html
Relax and be happy.
  • #8
  • Nov 17, 2006 5:50am Nov 17, 2006 5:50am
Quoting merlin
wanna see just how bad the US housing market is doing? just look at this graph...


http://www.census.gov/briefrm/esbr/www/esbr020.html
Wow
Profit is where readiness meets Opportunity
  • #9
  • Nov 17, 2006 5:51am Nov 17, 2006 5:51am
i love trading, and continuing to learn to trade, on the forex market...

but im also a realtor guys....you're depressing me =x lol.



Quoting merlin
wanna see just how bad the US housing market is doing? just look at this graph...


http://www.census.gov/briefrm/esbr/www/esbr020.html
- nick andre -
  • #10
  • Nov 17, 2006 5:54am Nov 17, 2006 5:54am
Quoting merlin
wanna see just how bad the US housing market is doing? just look at this graph...


http://www.census.gov/briefrm/esbr/www/esbr020.html
hasnt been worse since jan 05 yuck, coarse i knew it was going to be bad its in magazines and evertything the housing market is horrible.

Merlin make any pips? I got 5 on the spike and 10 on the fade im pretty proud
Ghost Swoopen in for my pips while no one is lookin !!
  • #11
  • Nov 17, 2006 5:56am Nov 17, 2006 5:56am
[quote=
but im also a realtor guys....you're depressing me =x lol.[/QUOTE]

ouch u better learn to trade fast buddy, i got my license this year actually didnt even hook up with a broker because i found forex while i was taking the real estate class and boy im glad i did.
Ghost Swoopen in for my pips while no one is lookin !!
  • #12
  • Nov 17, 2006 6:02am Nov 17, 2006 6:02am
Quoting Ghostpipper

Merlin make any pips? I got 5 on the spike and 10 on the fade im pretty proud

Thanx to Moe I made 5 on spike and 12 on fade!


What will we do without Moe ???
"Quality means doing it right when no one is looking"
  • #13
  • Nov 17, 2006 6:02am Nov 17, 2006 6:02am
Quoting merlin
wanna see just how bad the US housing market is doing? just look at this graph...


http://www.census.gov/briefrm/esbr/www/esbr020.html
Wow, those figures are really bad

Anyhow, just shows that the market fully expected this - I'm still holding onto my GU short from 1.9052 with stop loss protecting 150 pip profit at 1.8902

I was banking on the figures being mostly priced in - I love trading on the daily charts as you can almost ignore the news unless its a real trend breaker.

Been one of my best weeks in my embryonic trading career - 350 pips booked in profits

Kind Regards
Steve
  • #14
  • Nov 17, 2006 6:03am Nov 17, 2006 6:03am
Quoting Nick_likes_pips
i love trading, and continuing to learn to trade, on the forex market...

but im also a realtor guys....you're depressing me =x lol.
New homes and existing homes are two different things though. Also you can handle rentals and commercial etc. So, I am sure there is a niche in there somewhere for ya.
Profit is where readiness meets Opportunity
  • #15
  • Nov 17, 2006 6:03am Nov 17, 2006 6:03am
i feel a large movement coming, managed to close mine in profit after a disaster with my system

if only the gbp/usd will break that 1.8845/50 mark!
  • #16
  • Nov 17, 2006 6:05am Nov 17, 2006 6:05am
Quoting ikimashu
Thanx to Moe I made 5 on spike and 12 on fade!


What will we do without Moe ???
did better then me only 8 pips here. i don't play the spike.
If I Go Broke Trying Then I Will die happy.
  • #17
  • Nov 17, 2006 6:06am Nov 17, 2006 6:06am
No big move like last month
Just a spike.. as predicted
Trade the Possibilities
  • #18
  • Nov 17, 2006 6:08am Nov 17, 2006 6:08am
see you guys on n.f.p day next month.
If I Go Broke Trying Then I Will die happy.
  • #19
  • Nov 17, 2006 6:09am Nov 17, 2006 6:09am
Quote from the comments of my broker~



"Cable is desperately trying to head lower today, the dollar shou have sold off the housing data and it hasn't yet. Stale longs will not want to hold positions into the G-20 this weekend, look for a euro dump at some point today"
"Quality means doing it right when no one is looking"
  • #20
  • Nov 17, 2006 6:09am Nov 17, 2006 6:09am
Quoting FXopportunist
New homes and existing homes are two different things though. Also you can handle rentals and commercial etc. So, I am sure there is a niche in there somewhere for ya.
Commercial real estate needs a special license, as for rentals u d have to get in with lanlords and at least around here (Illinois) theres not enough profit for the landlord to even make a living at so that would be real hard imho
Ghost Swoopen in for my pips while no one is lookin !!
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