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Daily Cable Analysis

  • #6,661
  • Edited 3:34am Feb 21, 2007 3:21am | Edited 3:34am
ronaldinho! thanks for the info!
BTW I should subscribe to cnbc because I don't have any good news channels

7-2 was the vote, bearish...
  • #6,662
  • Feb 21, 2007 3:38am Feb 21, 2007 3:38am
We'e at 50-61.8% retracement of 1.9580-1.9480 fib points.
Maybe a long is not a bad idea here. How big is the impact of this BoE stuff? Will the price resume its original (long) trend or is it a permanent change?
  • #6,663
  • Feb 21, 2007 3:39am Feb 21, 2007 3:39am
Maybe you can try Bloomberg, it's tv and radio service is free online.

Quoting MarkGavalda
ronaldinho! thanks for the info!
BTW I should subscribe to cnbc because I don't have any good news channels

7-2 was the vote, bearish...
  • #6,664
  • Feb 21, 2007 3:41am Feb 21, 2007 3:41am
Quoting followshadan
Maybe you can try Bloomberg, it's tv and radio service is free online.
Yea I was listening to that for a long time, but I'm a bit annoyed by their stocks-talk priorities. And I don't even remember if they announce news!?

BTW I'm long @ 1.9518, looking for a retrace of 20-30pips now.
  • #6,665
  • Feb 21, 2007 3:43am Feb 21, 2007 3:43am
Quoting MarkGavalda
ronaldinho! thanks for the info!
BTW I should subscribe to cnbc because I don't have any good news channels

7-2 was the vote, bearish...
No prob. Hope you made some pips.
  • #6,666
  • Feb 21, 2007 3:56am Feb 21, 2007 3:56am
I've added to my long position, now it's falling like a rock. Maybe someone could profit from this with a fast sell
  • #6,667
  • Feb 21, 2007 3:59am Feb 21, 2007 3:59am
Quoting MarkGavalda
I've added to my long position, now it's falling like a rock. Maybe someone could profit from this with a fast sell
Dun worry I will come for the short profits

Hope it will break down big time and reach 1.9200s by Friday
  • #6,668
  • Feb 21, 2007 4:02am Feb 21, 2007 4:02am
Quoting henrycarol
...reach 1.9200s by Friday
Could you explain your analysis to "Why it will reach 1.9200" ? Thanks.
  • #6,669
  • Feb 21, 2007 4:04am Feb 21, 2007 4:04am
Quoting dswk
Could you explain your analysis to "Why it will reach 1.9200" ? Thanks.
Ask Monarch, he is good at explaining ....Im not.

Sorry.

If it goes down strongly b4 US open then we are in a bearish G/U for some time to come.
  • #6,670
  • Feb 21, 2007 4:29am Feb 21, 2007 4:29am
...+42 pips on GBPUSD...really a clear bearish picture....
TheBe$t
  • #6,671
  • Feb 21, 2007 4:37am Feb 21, 2007 4:37am
Quoting HonaForex
Lol I believe in today & not in tommorrow bcos i want take most out of today,Well according to me market as started its up ward journey from 1.9424 as I posted before & right now market is in wave 3
wave 1- 9424 to 9546 122 pips

wave 2- 9546 to 9475 71 pips

Wave 3-
subwave 1 - 475 to 533 complete 58 pips

subwave 2 - 533 to 519 complete 14 pips

subwave 3 - 519 to 576 complete 57 pips

subwave 4 - 576 to 534 complete 42 pip

subwave 25- 534 + 51 = 588 complete 58 pips........................after this wave 4 starts for 40 to 70 pips downward................later wave 5 starts up from there in upward direction.....................this is how i m going to trade & also depend on the market condiation..............

Gus Good Morning every one, well Im going my way & least bother wat Japanese & Britian bank are doing..............now i m long at 1.9500 My favorite line with ST at 1.9470 & TP at 1.9606...............and came out of my long trade from 1.9480 to 1.9580 with 100 pips & also long form 1.9534 to 1.9580..............short form 1.9580 to 1.9500..............total 244 pips cool naaaaaaaaaa
"Trade for sake of trading & not for winning or Lossing"
  • #6,672
  • Feb 21, 2007 4:37am Feb 21, 2007 4:37am
Quoting cesarnc
No need to rush things up IMO. Too much talk on this matter in the news thread related to this event. The outcome on rate decisions use to last several minutes, go further in the following hours and echoes for days.

I go for GBP down the hole on BOJ hike + BOE minutes majority on no-hike. Too good BOJ's will come out before (or just before) Frankfurt open. European session is going to be a BLAST.
Fundys moving, techs holding....

http://i2.photobucket.com/albums/y28/cesarnc/feb21.jpg
  • #6,673
  • Feb 21, 2007 4:48am Feb 21, 2007 4:48am
What's the general direction for today?
  • #6,674
  • Feb 21, 2007 4:51am Feb 21, 2007 4:51am
Quoting HonaForex
Gus Good Morning every one, well Im going my way & least bother wat Japanese & Britian bank are doing..............now i m long at 1.9500 My favorite line with ST at 1.9470 & TP at 1.9606...............and came out of my long trade from 1.9480 to 1.9580 with 100 pips & also long form 1.9534 to 1.9580..............short form 1.9580 to 1.9500..............total 244 pips cool naaaaaaaaaa
Hello Hona it's good to have you back. Do you think that wave4 completed at 1.9500? And now wave 5 is beginning? Also, is there any calculations with EW to determine about how long will it take to complete a wave?
I'm already digging deep into Robert Balan's book, I'm very interested
  • #6,675
  • Feb 21, 2007 4:53am Feb 21, 2007 4:53am
Quoting MarkGavalda
Hello Hona it's good to have you back. Do you think that wave4 completed at 1.9500? And now wave 5 is beginning? Also, is there any calculations with EW to determine about how long will it take to complete a wave?
I'm already digging deep into Robert Balan's book, I'm very interested

*(UK) BOE VOTED TO KEEP RATES UNCHANGED AT 5.25%: 7 VS 2 VOTE

- Beasley, Sentance voted for rate hike
- BOE minority said that they put particular weight on upside inflation risks
- BOE minority noted that companies are willing to increase prices

Result: GBP/USD abandoned its chance of doing a proper fifth wave up on the latest upwards pulse and plunged down about 50 pips.

Prediction: GBP/USD will fall to 1.9480 - 1.9500, which is Wave 1 down, then major bounce up to about 1.9550.
  • #6,676
  • Feb 21, 2007 5:01am Feb 21, 2007 5:01am
[quote=MarkGavalda;223893]Hello Hona it's good to have you back. Do you think that wave4 completed at 1.9500? And now wave 5 is beginning?[/quot


Lol Japanse made wave 4 extent lot than i expected but nature of wave looks to me that wave is 4 completed & therefore i m long at 1.9500...................& this wave 5 looks very long of all waves may be even take to 9660 mark but my stop right now is at 1.9606.............may be news form England may light the fire up but it will go thats wat i believe & i have put money there...........Hope Mother GODDESS FOREX as show me my right path



MY work is worship to U,O Mother forex...............


Shivaji.
"Trade for sake of trading & not for winning or Lossing"
  • #6,677
  • Feb 21, 2007 5:13am Feb 21, 2007 5:13am
Quoting mackaozy
*(UK) BOE VOTED TO KEEP RATES UNCHANGED AT 5.25%: 7 VS 2 VOTE

- Beasley, Sentance voted for rate hike
- BOE minority said that they put particular weight on upside inflation risks
- BOE minority noted that companies are willing to increase prices

Result: GBP/USD abandoned its chance of doing a proper fifth wave up on the latest upwards pulse and plunged down about 50 pips.

Prediction: GBP/USD will fall to 1.9480 - 1.9500, which is Wave 1 down, then major bounce up to about 1.9550.
Thanks for ur information,wat i have seen market from last 6 moths is that technical Indictors considers everything & reflect it in price & its very good for me bcos I M an Engineer & I do not understand the econmics at all...........market came down more than my expectiation & now journey is upward direction which will cross 9600 mark & even may reach 9660 mark & from there it will come to 9550 as subwave A ..................this how i m trading right now...............
"Trade for sake of trading & not for winning or Lossing"
  • #6,678
  • Feb 21, 2007 5:16am Feb 21, 2007 5:16am
Quoting HonaForex
Thanks for ur information,wat i have seen market from last 6 moths is that technical Indictors considers everything & reflect it in price & its very good for me bcos I M an Engineer & I do not understand the econmics at all...........market came down more than my expectiation & now journey is upward direction which will cross 9600 mark & even may reach 9660 mark & from there it will come to 9550 as subwave A ..................this how i m trading right now...............
I'm an engineer too. It's best to have a balance of fundemental and technical.
  • #6,679
  • Feb 21, 2007 5:26am Feb 21, 2007 5:26am
Quoting mackaozy
I'm an engineer too. It's best to have a balance of fundemental and technical.

Cool man I will do that & will make balance soon than..............thanks foe advice


An Engineer is learning to learn...............


Shivaji
"Trade for sake of trading & not for winning or Lossing"
  • #6,680
  • Feb 21, 2007 5:35am Feb 21, 2007 5:35am
Just take a look at GBP/CHF....
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