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Daily Cable Analysis

  • #6,921
  • Feb 23, 2007 2:29am Feb 23, 2007 2:29am
Quoting SeekingLight
Sorry 59, but you have to admit you were a bit unclear then
(to paraphrase: "There is no indication. Here are 3 indications:...")

Let's all chip in to buy the sterling a break above those nasty TLs then
the price at that point could have dropped to the fifty fib and still have remained bullish. some times at that time of day they seem to like to push the price down,just have to be carefull thats all, late longs and all
  • #6,922
  • Feb 23, 2007 2:31am Feb 23, 2007 2:31am
So far it's looking like a double top at 1.9596 area. If the news doesn't push this pair up then it may be time for it to fall.......AGAIN.
Show me the PIPS!
  • #6,923
  • Feb 23, 2007 2:33am Feb 23, 2007 2:33am
Quoting HonaForex
Hey its looks 9600 is tough resistence only news can do something but i think..............i came of my long at 1.9690............next long waiting at 1.9605
I have just been studying the daily's and 9585 is the median from 27/11/05 to date. Its also a strong fib level during Feb. This will take some breaking so I am going long around 9615 and short at 9570 from now.
  • #6,924
  • Feb 23, 2007 2:36am Feb 23, 2007 2:36am
Europe Stockmarkets are up today.
  • #6,925
  • Feb 23, 2007 2:40am Feb 23, 2007 2:40am
Quoting tathlynq
So far it's looking like a double top at 1.9596 area. If the news doesn't push this pair up then it may be time for it to fall.......AGAIN.
I think GBP news will hit the price once again (as in whole February) so I'm considering a sell entry if the double top's formed. But I don't know where the target will be, and I'm a bit confused about the entry point too. First I wanted to place a sell stop @ 1.9560-70 but that's the daily open zone and 76.4% of yesterdays high-low. If I place it exactly below that, we'll still have today's main support line (so far) @ 1.9550. If I put it more below, there comes the main pivot line, not to mention that 30pips already lost in the down move by then.

Omg... Very tough decision for me.
  • #6,926
  • Feb 23, 2007 2:42am Feb 23, 2007 2:42am
If we go down look for 9400... up 9677-9700
trading on demo is not trading
  • #6,927
  • Feb 23, 2007 2:43am Feb 23, 2007 2:43am
Quoting musicman007
I have just been studying the daily's and 9585 is the median from 27/11/05 to date. Its also a strong fib level during Feb. This will take some breaking so I am going long around 9615 and short at 9570 from now.
I have been at 1.9587 as my median since Dec 06, but now you reveal to me that it goes as far back as Nov 05, Thanks, I didn't study that, and it is very helpful in putting together future areas of importance.

Thank you,

Ken
  • #6,928
  • Feb 23, 2007 2:47am Feb 23, 2007 2:47am
On a scale of 1-10, how much movement can we expect off the data from the German Ifo Business Climate Index due out in the next 13 minutes?
  • #6,929
  • Feb 23, 2007 2:47am Feb 23, 2007 2:47am
Quoting MarkGavalda
I think GBP news will hit the price once again (as in whole February) so I'm considering a sell entry if the double top's formed. But I don't know where the target will be, and I'm a bit confused about the entry point too. First I wanted to place a sell stop @ 1.9560-70 but that's the daily open zone and 76.4% of yesterdays high-low. If I place it exactly below that, we'll still have today's main support line (so far) @ 1.9550. If I put it more below, there comes the main pivot line, not to mention that 30pips already lost in the down move by then.

Omg... Very tough decision for me.
We have Euro news in 15 minutes, and GBP news in 45 minutes.

This news could take the Cable 50 pips either way depending on the numbers released.

I have no entry yet, but will about 3 minutes or so into the news release.

1.9582 is supporting well now, 1.9696 would be a double top, but no hurry to enter yet.

Let it come to you at your price, it will reveal itself to you if your patient with your entry point.
  • #6,930
  • Feb 23, 2007 2:47am Feb 23, 2007 2:47am
Quoting enzo2325
This is Monarchs thread and he trys really hard to keep things clean and I have to respect it. We are all here to help eachother out. I know this thread got really popular and last time trash talking happened he left for a while and I dont want that to happen again. So thank you for being a mature adult about it.

Lol u r right, we are just helping each other to disvover which is covered in our minds .........so let us go ahead...........


Candom none if U can help than strerch ur hands if U cannot than bless with ur hands let him go his way..........Swami Vivekananda


Shivaji

Guys let us togather keep this work high..............so that mother Forex keep blessing us with PIPS
"Trade for sake of trading & not for winning or Lossing"
  • #6,931
  • Feb 23, 2007 2:48am Feb 23, 2007 2:48am
Quoting henrycarol
I can smell g/u is going to bomb down soon........I can just smell it.
it would be better to add anlysis to such statement so that other traders will take it in consideration also.
  • #6,932
  • Feb 23, 2007 2:48am Feb 23, 2007 2:48am
Quoting monarch
I have been at 1.9587 as my median since Dec 06, but now you reveal to me that it goes as far back as Nov 05, Thanks, I didn't study that, and it is very helpful in putting together future areas of importance.

Thank you,

Ken
MY ERROR - It IS 06 and NOT 05. Sorry, trying to type with one hand at present as my left is all strapped up following an operation two weeks ago.

At least we are on the same page.

Andy
  • #6,933
  • Feb 23, 2007 2:49am Feb 23, 2007 2:49am
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

Monarch I just want to add that MANY people including myself follow closely and respectively your analysis and ideas within this forum. I hope that the sad comment from 'just1pip' wont diminish the quality of your thoughts.

Keep up the good work.
  • #6,934
  • Feb 23, 2007 2:54am Feb 23, 2007 2:54am
Quoting forex_newbie
Monarch I just want to add that MANY people including myself follow closely and respectively your analysis and ideas within this forum. I hope that the sad comment from 'just1pip' wont diminish the quality of your thoughts.

Keep up the good work.
I second ..keep up the good work..
  • #6,935
  • Feb 23, 2007 2:57am Feb 23, 2007 2:57am
Quoting forex_newbie
Monarch I just want to add that MANY people including myself follow closely and respectively your analysis and ideas within this forum. I hope that the sad comment from 'just1pip' wont diminish the quality of your thoughts.

Keep up the good work.
Welcome to the Greatest Thread, no negative seen in pips comments, I like to be brash sometimes in my replies. LOL

We are marching forward here, waiting for EURO news in 3 minutes, and GBP news in just over 30 minutes.

No entry yet, but I do hope to make 20 pips on scalp here soon.
  • #6,936
  • Feb 23, 2007 3:03am Feb 23, 2007 3:03am
Quoting MarkGavalda
I think you meant 1.9590?

Yap its 1.9590 ...........all the best ..........have nice day
"Trade for sake of trading & not for winning or Lossing"
  • #6,937
  • Feb 23, 2007 3:11am Feb 23, 2007 3:11am


You called the move up would come back down. Great job!!
trading on demo is not trading
  • #6,938
  • Feb 23, 2007 3:15am Feb 23, 2007 3:15am
I'm not seeing any sort of breakout not today
  • #6,939
  • Feb 23, 2007 3:17am Feb 23, 2007 3:17am
Quoting monarch
So far we have seen a small drop in GBP and EUR, but still looking for the next news report in 20 minutes.

Could be the needed info for direction during this London Session.
euro is falling falling down
  • #6,940
  • Feb 23, 2007 3:17am Feb 23, 2007 3:17am
So far we have seen a small drop in GBP and EUR, but still looking for the next news report in 15 minutes.

Could be the needed info for direction during this London Session.
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