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Daily Cable Analysis

  • #6,881
  • Feb 23, 2007 12:54am Feb 23, 2007 12:54am
Testing the 250 EMA on the 5 Min candle at 1.9549/50 area.
  • #6,882
  • Feb 23, 2007 12:55am Feb 23, 2007 12:55am
I'm out of the long position yet, waiting for a clearer situation to re-enter either way.
  • #6,883
  • Edited 1:01am Feb 23, 2007 12:59am | Edited 1:01am
The hour before Pre-Frankfurt has High at 1.9564 and the Low at 1.9547.

Frankfurt should open near 1.9556

Open was 1.9556, now I am watching the 1.9564 on the upper and 1.9547 on the lower.

This should help show direction for Frankfurt Session.
  • #6,884
  • Feb 23, 2007 1:06am Feb 23, 2007 1:06am
[quote=monarch;226052]

I have the upper line to breach at 1.9562 then 1.9582.

On the lower line to breach at 1.9559 then 1.9549.

I will be watching for the Frankfurt Open price, High ,and Low - this should give indication whats ahead - oh, of course the news always has fun with us.

quote]

The lower line was breached at 1.9559 and 1.9549, but has since risen above.

The upper 1.9562 is being pressed now since Frankfurt open, 1.9582 is yet to play a role.
  • #6,885
  • Feb 23, 2007 1:09am Feb 23, 2007 1:09am
Quoting monarch
On Post 6865 I was refering to "we" as those who will follow the price when it moves, that could include you if your watching the price move at the time it moves, or anyone who trades the Forex can become the "we" in this sentence.

On Post 6862 I was refering to "we" as a few individuals I personally work with during daily analysis.
I also read many post here on the thread stating traders positions, so the "we" could stand for every one who places their calls here on the thread while they trade.

"We will try some live trade calling here during the Frankfurt and London open."


Now concerning the personal questions you are asking above.

From your signature, I am hesitant in answering any of your questions.

My intentions are not as you think, wealth is something that many seek, but few attain. It is none of anyones business if someone trades mini lots or standard lots, or if they make 10.00 or 1,000.00 a day.

I have never mentioned -ever- a signal providing service, and I have never asked anyone to trade my calls, or even considered the information I am giving as a signal.

If I help a newbie, so be it, my intentions is to simply place my analysis here, with an occasional post of my actual trades.

The way I see it, "we" have three choices in Forex:
Buy - Sell - Sit

With these choices we obtain two results:
Profit or Loss

"we" have two choices with this thread:
Read or Participate

With these choices "we" obtain two results:
Involement and Experience
We just thought We would ask.
We thank you.
  • #6,886
  • Feb 23, 2007 1:09am Feb 23, 2007 1:09am
Quoting moonchild
I just do not see how some of you are so sure that this pair is going to go up tonight. From my point of view it is pure gambling when there is about as good reasons for it to go down as up.

Am I missing something which clearly indicates that this pair is more likely to go up?
you are not missing anything there is nothing to indictcate if price will move up or down. we are above 1.9500 that in my book is bullish we have stayed above 1.9550 that is also bullish we have a possible wave 5 up wards that is also bullish as long as we stay above 1.9550 things are looking up! having said that we are in a channel buy at support sell at resitance stay out of the middle (like right now )
  • #6,887
  • Feb 23, 2007 1:11am Feb 23, 2007 1:11am
I´m hoping that was a fake out. Euro and Swiss are now supportive.

Partial long at 9560, with tight stop, will add above 9568.

NB This only my opinion.
Trading Levels with WRBs
  • #6,888
  • Feb 23, 2007 1:11am Feb 23, 2007 1:11am
So far Euro and GBP has done the same thing, went downward then back to the middle of the channel and upwards to widen the channel. Looking for price to come back to the median here for news in 30 minutes.

GBP middle range is now at 1.9558, two pips above the Frankfurt open.

I have no entry.
  • #6,889
  • Feb 23, 2007 1:14am Feb 23, 2007 1:14am
Quoting Just1Pip
We just thought We would ask.
We thank you.
I knew you would like that answer.

'we" try are best to satisfy every customer.

Thanks for keeping me on my toes.

Ken
  • #6,890
  • Feb 23, 2007 1:18am Feb 23, 2007 1:18am
IM confused myself where price will go. Something tells me up though. Lets say from my signals there is a 60% up. Not sure though.... Why does this have to be so confusing!?
trading on demo is not trading
  • #6,891
  • Feb 23, 2007 1:28am Feb 23, 2007 1:28am
D4mn, I knew it will go up Why did I set so tight my S/L?
  • #6,892
  • Feb 23, 2007 1:31am Feb 23, 2007 1:31am
these moves usually come right back down, fade the trade works quite well
  • #6,893
  • Feb 23, 2007 1:34am Feb 23, 2007 1:34am
The trend is up! So for it to come down needs the hand of the Forex GOD!
trading on demo is not trading
  • #6,894
  • Feb 23, 2007 1:38am Feb 23, 2007 1:38am
30 pips up!
  • #6,895
  • Feb 23, 2007 1:38am Feb 23, 2007 1:38am
Quoting enzo2325
The trend is up! So for it to come down needs the hand of the Forex GOD!
or the hand of henrycarol
  • #6,896
  • Feb 23, 2007 1:41am Feb 23, 2007 1:41am
who's henrycarol?
  • #6,897
  • Feb 23, 2007 1:42am Feb 23, 2007 1:42am
it went up!
  • #6,898
  • Feb 23, 2007 1:42am Feb 23, 2007 1:42am
Quoting dazed101
who's henrycarol?
That's still my favorite question.
Show me the PIPS!
  • #6,899
  • Feb 23, 2007 1:46am Feb 23, 2007 1:46am
that was nice!
  • #6,900
  • Feb 23, 2007 1:47am Feb 23, 2007 1:47am
Quoting 59fender
you are not missing anything there is nothing to indictcate if price will move up or down.
????

Higher highs, higher lows, pin bars at the lows and .786 retracement fibs for GBPUSD, USDCHF bearish PB, EURUSD bullish PB.....Kiwi and AUDUSD higher for days...Gold up, Oil up....

P.S. shouldn't the two cable threads be merged....80% the same people post on both and they both discuss the same pair?
Trust price. Know yourself.
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