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Daily Cable Analysis

  • #6,941
  • Feb 23, 2007 1:21am Feb 23, 2007 1:21am
Im passing out by my computer... just 8 more minutes............
trading on demo is not trading
  • #6,942
  • Feb 23, 2007 1:21am Feb 23, 2007 1:21am
Quoting KipperII
euro is falling falling down
The EUR/USD only dropped about 20 pips from the news break, far from a falling down in my eyes.

I am looking for the news report in 10 minutes, if the data comes out where I am looking at, it could move the Cable 50 pips or so. That is my time to get in.

I did scalp the EUR/USD for 10 pips, and I have since exited.

Cable up next....... Scalp "le" please.
  • #6,943
  • Feb 23, 2007 1:23am Feb 23, 2007 1:23am
I have been short since 9588...
trading on demo is not trading
  • #6,944
  • Feb 23, 2007 1:26am Feb 23, 2007 1:26am
The Frank open was 1.9656 and the Low was 1.9654, still have an eye on these two areas, now the price has come back down to 1.9561 area with 5 minutes to go before the news break.

If it drops below the Frankfurt low on the 5 minute, and the candle closes below (clear), we should see some short going on.

The news will either support price here at 1.9554/56 or be the force that pushes it below this and the 1.9547 mark.

Exciting times trading Forex.

Let it roll!
  • #6,945
  • Feb 23, 2007 1:29am Feb 23, 2007 1:29am
Quoting enzo2325
I have been short since 9588...
You better stay awake here sleepy head
  • #6,946
  • Feb 23, 2007 1:29am Feb 23, 2007 1:29am
waiting for price to shoot down. Am I conerened? Yes!
trading on demo is not trading
  • #6,947
  • Feb 23, 2007 1:37am Feb 23, 2007 1:37am
blurrp
  • #6,948
  • Feb 23, 2007 1:37am Feb 23, 2007 1:37am
News moved it down 36 pips, but I am having too much platform problems.

Hope everyone made some pips.

Just sitting on the sidelines with a flat tire with computer.
  • #6,949
  • Feb 23, 2007 1:37am Feb 23, 2007 1:37am
I'm short since .62! What will be the target of this down movement? I'm targeting .25 first.
  • #6,950
  • Feb 23, 2007 1:39am Feb 23, 2007 1:39am
Quoting MarkGavalda
I'm short since .62! What will be the target of this down movement? I'm targeting .25 first.
Same target I have set 1.9525...... if it breaks this I may keep 1 lot open to ride it on down to 1.9500.
Show me the PIPS!
  • #6,951
  • Edited 1:42am Feb 23, 2007 1:39am | Edited 1:42am
Quoting MarkGavalda
I'm short since .62! What will be the target of this down movement? I'm targeting .25 first.
57 would be the 61.8% fibo area, that would be dangerous if price goes back above that mark and your short.

If it stays below 57, your still pushing it some.

1.9535 held strong at support, could come back and re-test to see if it can breach below to the 20's area.

I am watching for a clear 5 minute candle below 1.9554 area with no wick or body touching candle.
  • #6,952
  • Feb 23, 2007 1:41am Feb 23, 2007 1:41am
9535 is also my 100 ema on my 60 min chart
trading on demo is not trading
  • #6,953
  • Feb 23, 2007 1:43am Feb 23, 2007 1:43am
guys i m out at 1.9545 mark.....................let me watch now
"Trade for sake of trading & not for winning or Lossing"
  • #6,954
  • Feb 23, 2007 1:49am Feb 23, 2007 1:49am
Quoting HonaForex
guys i m out at 1.9545 mark.....................let me watch now
Out at 39. Have made target for today so will sit and see what develops. Didnt go long, wish I had now, but better safe than sorry !
  • #6,955
  • Feb 23, 2007 1:51am Feb 23, 2007 1:51am
Well I had no candle clear below the 1.9554 area on the 5 minute, now we see if it passes 1.9571 (price at news time) and once again above 1.9582 area on the hourly candle.

This is cable for February so far, up and down, when will it ever make up it's mind.

Probably when we are least expecting it.

Have a good night/morning everyone!
  • #6,956
  • Feb 23, 2007 1:53am Feb 23, 2007 1:53am
I guess going short in the next couple of hours is out of the question huh?
  • #6,957
  • Feb 23, 2007 1:59am Feb 23, 2007 1:59am
Arrr back to my favourite number 1.9555

I kinda miss 1.9444, hope to see you again soon.

Within this hour I hope g/u can down another 80pips.
  • #6,958
  • Edited 2:02am Feb 23, 2007 2:01am | Edited 2:02am
Quoting southernmind
I guess going short in the next couple of hours is out of the question huh?
Ask henrycarol about that

EDIT: LoL just when I was typing henry showed up! Definately SELL
  • #6,959
  • Feb 23, 2007 2:02am Feb 23, 2007 2:02am
It is a pin-bar...

well this is a bullish signal

however, we're very close to 9548, which if broken is the key point of a double top.

9547 played hard resistance a couple of day ago...

Still looking that it will go up to me... I mean down... no.. up... ooops, down now
  • #6,960
  • Feb 23, 2007 2:03am Feb 23, 2007 2:03am
Quoting cesarnc
It is a pin-bar...

well this is a bullish signal

however, we're very close to 9548, which if broken is the key point of a double top.

9547 played hard resistance a couple of day ago...

Still looking that it will go up to me... I mean down... no.. up... ooops, down now
Sorry, wrong thread.... gees... Cable is driving me nuts here...
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