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Daily Cable Analysis

  • #6,621
  • Feb 20, 2007 7:33pm Feb 20, 2007 7:33pm
Quoting monarch
I have 225 pips on the line with just GBP/USD, I am watching the high here before news for a release of this profit, probably in the next hour or so.

No way I am going to let this profit ride a Interest rate increase or a bad BOE report later today.
225 pips...man your good haha. Do you also know what time the news release will be coming out, as it is quoted as tentative here on FF?
I dream, therefore I become.
  • #6,622
  • Feb 20, 2007 7:43pm Feb 20, 2007 7:43pm
Quoting mike w
225 pips...man your good haha. Do you also know what time the news release will be coming out, as it is quoted as tentative here on FF?
I will start watching for it around 10pm Eastern Standard Time, they don't like to let people know exactly, could come up sooner, but I think 10 should be the closer time of release.
  • #6,623
  • Feb 20, 2007 7:45pm Feb 20, 2007 7:45pm
Quoting monarch
I will start watching for it around 10pm Eastern Standard Time, they don't like to let people know exactly, could come up sooner, but I think 10 should be the closer time of release.
ok thanks a lot. I just want to watch the action unfold, as there is nothing else to do on a night like this
I dream, therefore I become.
  • #6,624
  • Feb 20, 2007 7:54pm Feb 20, 2007 7:54pm
Quoting mike w
ok thanks a lot. I just want to watch the action unfold, as there is nothing else to do on a night like this
Man, I am going to trade USD/JPY when this boy breaks, can't wait for it.

I usually only make trades on Cable, but...... Can't go all night without having some fun.

Watch FF Calander for News, I have some numbers I will be watching when it is released.

I won't place the information on this thread, Cable only here.
  • #6,625
  • Feb 20, 2007 9:07pm Feb 20, 2007 9:07pm
If the news doesnt blow the pound out of the water, it looks as if there may be a short term uptrend forming by my analysis of the 30 minuter chart. It would be beginning it's third wave soon. any thoughts or comments on that?
I dream, therefore I become.
  • #6,626
  • Feb 20, 2007 9:16pm Feb 20, 2007 9:16pm
forgetaboutit close scalp +4
  • #6,627
  • Feb 20, 2007 9:18pm Feb 20, 2007 9:18pm
Quoting mike w
If the news doesnt blow the pound out of the water, it looks as if there may be a short term uptrend forming by my analysis of the 30 minuter chart. It would be beginning it's third wave soon. any thoughts or comments on that?
In my chart we're in mini wave 2 of subwave 3 upwards now. When (and if) mini wave 3 of subwave 3 (of even larger wave 3 or C upwards) happens, it'll be a nice powerful one, like, going to 9666 straight away? Let's see tho, nobody knows!
Tra-X
  • #6,628
  • Feb 20, 2007 9:19pm Feb 20, 2007 9:19pm
Quoting mike w
If the news doesnt blow the pound out of the water, it looks as if there may be a short term uptrend forming by my analysis of the 30 minuter chart. It would be beginning it's third wave soon. any thoughts or comments on that?
I am not a great news follower, but the JPY news will move the market if it comes out with a Hike in interest. That would effect every pair that is involved with JPY including GBP.

I am watching for the news now, I am out of my positions while I speak.

You also have to remember we have a News release for GBP at 1:30 am EST when the BOE has the Meeting Minutes.

These two combined could cause great ripples, but who really knows, it may actually push the beginning of the end of our speculation of the 2's area were anticipating.

I will let the dust fall before re-entering Cable. No hurry, nice profits for the week are in the bank.

See ya.
  • #6,629
  • Feb 20, 2007 9:22pm Feb 20, 2007 9:22pm
standing by for the news now.
  • #6,630
  • Feb 20, 2007 9:25pm Feb 20, 2007 9:25pm
Quoting monarch
I am not a great news follower, but the JPY news will move the market if it comes out with a Hike in interest. That would effect every pair that is involved with JPY including GBP.

I am watching for the news now, I am out of my positions while I speak.

You also have to remember we have a News release for GBP at 1:30 am EST when the BOE has the Meeting Minutes.

These two combined could cause great ripples, but who really knows, it may actually push the beginning of the end of our speculation of the 2's area were anticipating.

I will let the dust fall before re-entering Cable. No hurry, nice profits for the week are in the bank.

See ya.
I agree with you on that. I took out my earlier long trades that were of greater value and am planning on just placing a small buy order on the pound at 1.9560 to see if there may be some quick profit to be made BEFORE the BOE news comes out. If not then I will just close out for a loss of up to 25$, which isnt anything compared to the gains so far this week. It is an amount that I am ok with losing if I do in fact lose it. I honestly dont think that the JPY news will be all that awe inspiring. Dont know why, just a gut feeling.
I dream, therefore I become.
  • #6,631
  • Feb 20, 2007 9:29pm Feb 20, 2007 9:29pm
I feel like im waiting for the ball dropping on new years with this news.
I dream, therefore I become.
  • #6,632
  • Feb 20, 2007 9:34pm Feb 20, 2007 9:34pm
Quoting mike w
I feel like im waiting for the ball dropping on new years with this news.
If they raise interest for JPY it may be some nice movement, I hope something happens soon, that ball is dangling loose and needs to fall. LOL
  • #6,633
  • Feb 20, 2007 9:36pm Feb 20, 2007 9:36pm
Quoting monarch
If they raise interest for JPY it may be some nice movement, I hope something happens soon, that ball is dangling loose and needs to fall. LOL
Im with ya on that one haha
I dream, therefore I become.
  • #6,634
  • Feb 20, 2007 9:37pm Feb 20, 2007 9:37pm
Anyone planning on scalping the USD/JPY during this news?

Just killing time waiting.

I am looking to short USD/JPY if news comes in for a Hike.

40 minutes behind my schedule for news release.
  • #6,635
  • Feb 20, 2007 9:38pm Feb 20, 2007 9:38pm
Quoting monarch
Anyone planning on scalping the USD/JPY during this news?

Just killing time waiting.
I'm watching it.
  • #6,636
  • Feb 20, 2007 9:48pm Feb 20, 2007 9:48pm
welp, it seems like that 9541 support is gonna tame this beast down some and hold. Does anybody know the actual reports outcome yet?
I dream, therefore I become.
  • #6,637
  • Edited 10:03pm Feb 20, 2007 9:49pm | Edited 10:03pm
BoJ hiked rate to 0.5%.

Edit: It's not official yet! Some rumors leaked it out. True?
Tra-X
  • #6,638
  • Feb 20, 2007 9:50pm Feb 20, 2007 9:50pm
thanks, and yeah i guess I was wrong on that one, oh well it happens to the best of us haha

At least we could count on that 9519-9522 area for support.
I dream, therefore I become.
  • #6,639
  • Feb 20, 2007 9:54pm Feb 20, 2007 9:54pm
LOL I knew price was coming down hahaha I think im starting to control the Forex Wahhahahahahaha
trading on demo is not trading
  • #6,640
  • Feb 20, 2007 9:56pm Feb 20, 2007 9:56pm
Quoting enzo2325
LOL I knew price was coming down hahaha I think im starting to control the Forex Wahhahahahahaha
I always knew it would turn into a classic battle of heroes and villians...
I dream, therefore I become.
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