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Daily Cable Analysis

  • #4,941
  • Jan 31, 2007 8:14am Jan 31, 2007 8:14am
Quoting khaled22
before news it move about 120 pip from 1.9636 to 1.9510, after news move about 50 pip from 1,9533 to 1.9485....

so moving at news relase moment is old style , and all forex traders became know it , so the banks must change there method, they want to win also..
Banks win regardless of your method - They can see all of our orders as well as much more important ones. They talk to each other. They are in the know, we are the ones on the outside.
Man who scratches ass should not bite fingernails
  • #4,942
  • Jan 31, 2007 8:15am Jan 31, 2007 8:15am
Quoting Leugimp
pt1 moved to 9532
how you calculate it from 9529 to 9532 ,or you mind
  • #4,943
  • Jan 31, 2007 8:17am Jan 31, 2007 8:17am
in my side i will buy dip in 9460, also i will buy dip if it go to 9413 , there is no hedge
  • #4,944
  • Jan 31, 2007 8:18am Jan 31, 2007 8:18am
Quoting mtrmth
ok, cool, just wanting to know if you think this will be the big up move to 2 alot of people are talking about.

could the pmi move the market down somemore before it hits your tp numbers???

Anything can happen, I just dont think that big institutions are now jumping on the bandwagon they created it a long time ago, 9500 was a large stop level and shorting level for many specs. I think that the spec market wont make its mind up until after today. Stops will now be clustered again to the upside as well as long orders, and I think we have more room to play with that way, thats all, but of course anything can happen.
Man who scratches ass should not bite fingernails
  • #4,945
  • Jan 31, 2007 8:22am Jan 31, 2007 8:22am
Quoting khaled22
how you calculate it from 9529 to 9532 ,or you mind
Just go by what feels right to me at the moment - Just kidding - I find that the market gravitates towards certain MA's as well as RSI levels so I will use this information to determine my initial profit targets that seem very likely to be reached from a historical perspective. Then I can target further with less emotional stress. In some instances like right now I know that we have 30 min until another news release so I will drop some longs for small profit. Just a habit I've gotten into that works well for me.
Man who scratches ass should not bite fingernails
  • #4,946
  • Jan 31, 2007 8:29am Jan 31, 2007 8:29am
"I will drop some longs for small profit. Just a habit I've gotten into that works well for me."

The same for me.

Better being out and wishing to be in

than

to be in and wishing to be out
  • #4,947
  • Jan 31, 2007 8:31am Jan 31, 2007 8:31am
Leugimp and Cesarnc, u both have over 1000 posts now, congratz.

Anyway, subwave 1 of wave 3 downwards is finishing. Maybe, or 1 more small downspike.
Tra-X
  • #4,948
  • Jan 31, 2007 8:33am Jan 31, 2007 8:33am
Quoting khaled22
in my side i will buy dip in 9460, also i will buy dip if it go to 9413 , there is no hedge
Same here... We are right at an important up trend line, that is coincident with a long term support at 9500.

Last week, there were guys here saying that to see the 9900s or 2.0 we would need to go under 9500 first.

Only with US rate hike we would see a reversal of the uptrend, imo.

Today and tomorrow is looking like a HUGE buying opportuniy right now, not for small scalping, maybe for whole February

Thoughts?
  • #4,949
  • Jan 31, 2007 8:37am Jan 31, 2007 8:37am
This is what I'm talking about...

http://i2.photobucket.com/albums/y28/cesarnc/jan31.jpg
  • #4,950
  • Jan 31, 2007 8:39am Jan 31, 2007 8:39am
Hi
Let me disagree with most of you, for me we will see around 1.9200, in next days! Look at daily chart. For me it says it!
OldSchool
  • #4,951
  • Jan 31, 2007 8:42am Jan 31, 2007 8:42am
Quoting cesarnc
Same here... We are right at an important up trend line, that is coincident with a long term support at 9500.

Last week, there were guys here saying that to see the 9900s or 2.0 we would need to go under 9500 first.

Only with US rate hike we would see a reversal of the uptrend, imo.

Today and tomorrow is looking like a HUGE buying opportuniy right now, not for small scalping, maybe for whole February

Thoughts?
I agree that it MAY be a good buying opportunity, but if Fed comes out hawkish, who knows. If we start to trend hard up, there will always be dips to buy as well. But hey you know me, if we are going to speculate, might as well call it that and do it to the best of our ability.

The big however is this - If it is a huge buying opportunity how do you get in on the move - I feel the low at 9479 or in that area was a good buying opportunity. If it goes from here will you just miss the ride. The point is that alot of times, we dont have the necessary funds to build long term positions the way they should be built. 100 pip even 200 pip sl sounds crazy - but when you are talking about a 5-600 pip move, is it really that crazy.

Cant try to pick off beginnings of big moves with little move stops, just cant do it that way, and with leverage and small balance, impossible without blowing up your account eventually.
Man who scratches ass should not bite fingernails
  • #4,952
  • Jan 31, 2007 8:44am Jan 31, 2007 8:44am
Quoting Mtav
Hi
Let me disagree with most of you, for me we will see around 1.9200, in next days! Look at daily chart. For me it says it!
That would be nice to put us in a 700 pips wide horizontal channel, much easier to trade, I guess...

Good point. Breaking 9450 - 9400 down opens the gate to 9200....
  • #4,953
  • Jan 31, 2007 8:44am Jan 31, 2007 8:44am
There goes my g/u
  • #4,954
  • Jan 31, 2007 8:46am Jan 31, 2007 8:46am
took pt1 @ 28 - whats 4 pips anyway
Man who scratches ass should not bite fingernails
  • #4,955
  • Jan 31, 2007 8:47am Jan 31, 2007 8:47am

Quoting Mtav
Hi

Quoting Mtav
Let me disagree with most of you, for me we will see around 1.9200, in next days! Look at daily chart. For me it says it!

at last come the one with the farsight..and i agree with u...nice post
"Analysis Is Hard But Trade Is Easy"
  • #4,956
  • Jan 31, 2007 8:48am Jan 31, 2007 8:48am
hey leugi, we need to change your moniker to "karnac". you must either share monarchs brain, or have telepathic abilities between the two of you!!!
  • #4,957
  • Jan 31, 2007 8:48am Jan 31, 2007 8:48am
Quoting cesarnc
That would be nice to put us in a 700 pips wide horizontal channel, much easier to trade, I guess...

Good point. Breaking 9450 - 9400 down opens the gate to 9200....
Thk
Attached Image
OldSchool
  • #4,958
  • Jan 31, 2007 8:49am Jan 31, 2007 8:49am
Quoting Leugimp
I agree that it MAY be a good buying opportunity, but if Fed comes out hawkish, who knows. If we start to trend hard up, there will always be dips to buy as well. But hey you know me, if we are going to speculate, might as well call it that and do it to the best of our ability.

The big however is this - If it is a huge buying opportunity how do you get in on the move - I feel the low at 9479 or in that area was a good buying opportunity. If it goes from here will you just miss the ride. The point is that alot of times, we dont have the necessary funds to build long term positions the way they should be built. 100 pip even 200 pip sl sounds crazy - but when you are talking about a 5-600 pip move, is it really that crazy.

Cant try to pick off beginnings of big moves with little move stops, just cant do it that way, and with leverage and small balance, impossible without blowing up your account eventually.

I got what you say. Question is not about getting the low at the pip, but having in mind that the up trend is still going to be alive from this week on. This price now at this moment is important to show where are we going next.
  • #4,959
  • Jan 31, 2007 8:50am Jan 31, 2007 8:50am
Im not sure if these are actual pmi index or is it some different index but there it is ....

US Chicago Purch Mgmt Adj Jan Index 48.8 Vs Dec 51.6
US Chi Pur Mgmt Jan Prices Paid Index 54.9 Vs Dec 56.9
US Chi Pur Mgmt Jan Supplier Deliveries 52.2; Dec 45.7
US Chi Purch Mgmt Jan Employment Index 42.8 Vs Dec 48.2
US Chi Purch Mgmt Jan New Orders Index 46.3 Vs Dec 56.3
  • #4,960
  • Jan 31, 2007 8:52am Jan 31, 2007 8:52am
Of yeah it was, i thoought i ment to be out at 3gmt but released 15min earlier
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