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Daily Cable Analysis

  • #6,181
  • Feb 14, 2007 7:59am Feb 14, 2007 7:59am
Quoting fxastro
Agree Notme,



Target long is 9598 then short with 15 pip stop ...
This is my last input here guys and girls ..
It was a pleasure being here ..
Good trading
Astro and EW rules
if it hits 9600, especially after a dip back down to 9510-9522 area, you may want to think more on the short, as nothing is in the way of it reaching 9625 or higher on my charts under this scenario. Not to discredit any short ideas, just caution or something to think about as far as maximizing entry possibilities. Then again, it is all relative on the timeframe you are looking at.
Man who scratches ass should not bite fingernails
  • #6,182
  • Feb 14, 2007 8:06am Feb 14, 2007 8:06am

i think 9630 its the best place 4 GU today!!

but its only my humble opinion !

  • #6,183
  • Feb 14, 2007 8:09am Feb 14, 2007 8:09am
revision block the way up, i decide not wait 9600, but short at 9575 hoping 9535 to close. before bernanke shake the market.
I Deeply Love My Virtual Life In Virtual World , RLC
  • #6,184
  • Feb 14, 2007 8:09am Feb 14, 2007 8:09am
I do.......... I think 1.9600 would be the MAX target with the dollar being in an "oversold" state at the moment. Looking for SHORT in the 1.9590 area.......
Show me the PIPS!
  • #6,185
  • Feb 14, 2007 8:14am Feb 14, 2007 8:14am
Before bernanke entry short
  • #6,186
  • Feb 14, 2007 8:17am Feb 14, 2007 8:17am
I notice about of "US Fed Chairman Bernanke Speaks" in 15GMT it's positive for US.
With Regards, MKTrader Not Risk Not Gain!
  • #6,187
  • Feb 14, 2007 8:30am Feb 14, 2007 8:30am
Quoting MKTrader
I notice about of "US Fed Chairman Bernanke Speaks" in 15GMT it's positive for US

pablorpl
Before bernanke entry short
.
So i better let my short open.
I Deeply Love My Virtual Life In Virtual World , RLC
  • #6,188
  • Feb 14, 2007 8:35am Feb 14, 2007 8:35am
Quoting notme32
So i better let my short open.
After fed speaks g/u fall a few minutes then you can buy.
I'm looking for 1.96 today.
With Regards, MKTrader Not Risk Not Gain!
  • #6,189
  • Feb 14, 2007 8:43am Feb 14, 2007 8:43am
Quoting MKTrader
After fed speaks g/u fall a few minutes then you can buy.
I'm looking for 1.96 today.
good strategy , do you have entry point for that ?
I Deeply Love My Virtual Life In Virtual World , RLC
  • #6,190
  • Feb 14, 2007 8:44am Feb 14, 2007 8:44am
Quoting MKTrader
After fed speaks g/u fall a few minutes then you can buy.
I'm looking for 1.96 today.

Anyone any ideas if fed news is positive for the US?
  • #6,191
  • Feb 14, 2007 8:48am Feb 14, 2007 8:48am
Quoting mackaozy
Anyone any ideas if fed news is positive for the US?
"We begin the morning with the greenback still under pressure in what we believe could be a big day in Forex trading. Optimistic data from both Germany and the UK early today helped propel European currencies higher, pushing the EUR/USD through its range top of 1.3065. US retail sales for January are due at 8:30am, followed by Ben Bernanke's testimony at 10 o'clock. In this biannual testimony known as the Humphrey Hawkins report, the Fed chairman will address the economy, inflation, and monetary policy as it pertains to these factors. We imagine that traders are ready to act on any type of surprise in this statement and expect that the speech will steal the spotlight from retail sales. Traders should be ready for a very fast-paced market today."
  • #6,192
  • Feb 14, 2007 8:51am Feb 14, 2007 8:51am
"Given the depth of this testimony and the Q & A session that will follow, we believe there is room for considerable dollar strength or weakness on the back of this event. Traders should be prepared as volatility will surely increase." other news
  • #6,193
  • Feb 14, 2007 8:51am Feb 14, 2007 8:51am
Quoting pablorpl
"We begin the morning with the greenback still under pressure in what we believe could be a big day in Forex trading. Optimistic data from both Germany and the UK early today helped propel European currencies higher, pushing the EUR/USD through its range top of 1.3065. US retail sales for January are due at 8:30am, followed by Ben Bernanke's testimony at 10 o'clock. In this biannual testimony known as the Humphrey Hawkins report, the Fed chairman will address the economy, inflation, and monetary policy as it pertains to these factors. We imagine that traders are ready to act on any type of surprise in this statement and expect that the speech will steal the spotlight from retail sales. Traders should be ready for a very fast-paced market today."
Yes, but in which direction?
  • #6,194
  • Feb 14, 2007 8:52am Feb 14, 2007 8:52am
It kind of sounds like the USD news is going to be good. But, the EUR should still be going up, making the GBP go up too. Im kind of stuck on this one.
  • #6,195
  • Feb 14, 2007 8:54am Feb 14, 2007 8:54am
Quoting treesa1480
It kind of sounds like the USD news is going to be good. But, the EUR should still be going up, making the GBP go up too. Im kind of stuck on this one.
The Euro and GBP arn't correlated like that.
  • #6,196
  • Feb 14, 2007 8:55am Feb 14, 2007 8:55am
Quoting notme32
good strategy , do you have entry point for that ?
GBR rise until "JPY GDP q/q (p)" and "JPY GDP Deflator y/y" release today in 23:50 GMT. you can open a short-term and close tonight. Maybe we see 1.96 today.

In long-term totally cable growth this month to 1.98.
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With Regards, MKTrader Not Risk Not Gain!
  • #6,197
  • Feb 14, 2007 8:57am Feb 14, 2007 8:57am
I was told that the EUR/USD and the GBP/USd usually go parallel together
  • #6,198
  • Feb 14, 2007 8:58am Feb 14, 2007 8:58am
Look EURGBP....
  • #6,199
  • Feb 14, 2007 9:01am Feb 14, 2007 9:01am
bad news for us dollar as of right now? does anyone else see this?
  • #6,200
  • Feb 14, 2007 9:01am Feb 14, 2007 9:01am
fun begin
I Deeply Love My Virtual Life In Virtual World , RLC
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