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Daily Cable Analysis

  • #7,161
  • Feb 27, 2007 4:31am Feb 27, 2007 4:31am
Quoting cesarnc
Run for cover
hehe
  • #7,162
  • Feb 27, 2007 4:41am Feb 27, 2007 4:41am
That is Forex... : http://www.vidmax.com/index.php/videos/view/602
  • #7,163
  • Feb 27, 2007 4:49am Feb 27, 2007 4:49am
Quoting forex_newbie
hehe
Run for cover I mean, place a trade 1 min to go, tight, tight, tight stop. I have to do that because my system freezes for 3-5 min, so I may not be able to close before hitting a large SL. On the up side, TP at important resistance + 10 pips....

Works most of the time, but it is not 100% safe.
So.... not a recommendation, at all.
  • #7,164
  • Feb 27, 2007 4:51am Feb 27, 2007 4:51am
Quoting dswk
That is Forex... : http://www.vidmax.com/index.php/videos/view/602
That's how I feel during stop hunting!

  • #7,165
  • Feb 27, 2007 5:41am Feb 27, 2007 5:41am
Quoting cesarnc
Run for cover I mean, place a trade 1 min to go, tight, tight, tight stop. I have to do that because my system freezes for 3-5 min, so I may not be able to close before hitting a large SL. On the up side, TP at important resistance + 10 pips....

Works most of the time, but it is not 100% safe.
So.... not a recommendation, at all.
Wow you need to tell me who your broker is - all the ones I've tried dont honour stops/orders during fast news.
  • #7,166
  • Feb 27, 2007 5:49am Feb 27, 2007 5:49am
Quoting forex_newbie
Wow you need to tell me who your broker is - all the ones I've tried dont honour stops/orders during fast news.
GFT. I never put stop buy/sell, aways trade already in. But I got limits and SL triggered fine...

Of course blood chills in my vains everytime.
  • #7,167
  • Feb 27, 2007 5:49am Feb 27, 2007 5:49am
Quoting forex_newbie
Wow you need to tell me who your broker is - all the ones I've tried dont honour stops/orders during fast news.

On this topic.. CMC markets are pretty bad for not honouring stops and not being able to trade when the news has just come out.

I have however trialled a company called FXCM, who say that they dont hedge the trades, your trade is straight onto the market and they dont get involved in making money out of you during the news..

Might be worth a look!
  • #7,168
  • Feb 27, 2007 5:59am Feb 27, 2007 5:59am
Quoting patricio0793
On this topic.. CMC markets are pretty bad for not honouring stops and not being able to trade when the news has just come out.

I have however trialled a company called FXCM, who say that they dont hedge the trades, your trade is straight onto the market and they dont get involved in making money out of you during the news..

Might be worth a look!
A note of warning. I had FXCM and so did my trading friends. We all switched to FXSol. b/c they did not honor stops sometimes during announcements. Also, they raised their spread on the Cable. We also found spikes sometimes with their feed. Unfortunately the broker I use now, I haven't had a problem with and they have a set rate for Cable - it went up on the spread as well. Oh, well.
All hard work brings a profit, but mere talk leads only to poverty.
  • #7,169
  • Feb 27, 2007 6:21am Feb 27, 2007 6:21am
Quoting Sami7
A note of warning. I had FXCM and so did my trading friends. We all switched to FXSol. b/c they did not honor stops sometimes during announcements. Also, they raised their spread on the Cable. We also found spikes sometimes with their feed. Unfortunately the broker I use now, I haven't had a problem with and they have a set rate for Cable - it went up on the spread as well. Oh, well.
On GFT the single complaint is that system freezes during annoucements and you can feel that it's having a strike. Even this way, you are able to place at trade "@market", it is filled, but it is most likely that you will be buying or selling at a lousy price.
But all pairs are spread fix (EUR=3, Cable=4), whatever the situation.
GFT does't allow micro lots, that's what I'm searching for now.
  • #7,170
  • Feb 27, 2007 6:28am Feb 27, 2007 6:28am
Quoting cesarnc
On GFT the single complaint is that system freezes during annoucements and you can feel that it's having a strike. Even this way, you are able to place at trade "@market", it is filled, but it is most likely that you will be buying or selling at a lousy price.
But all pairs are spread fix (EUR=3, Cable=4), whatever the situation.
GFT does't allow micro lots, that's what I'm searching for now.
I believe that Metatrader does (not sure who GFT is). Hey did we get an update on US Durable Goods/Core Anywhere?
Durable Goods Orders m/m
http://www.forexfactory.com/images/m...act_medium.gif
-2.4%2.9%


Core Durable Goods Orders m/m http://www.forexfactory.com/images/m...mpact_high.gif
-0.2%2.7%
All hard work brings a profit, but mere talk leads only to poverty.
  • #7,171
  • Feb 27, 2007 6:30am Feb 27, 2007 6:30am
Hi

i ve an idea about Sell GBP/USD from 1.9695 or 1.9700 becuase it hard resistance and stop lose is above 1.9735 and target is open
  • #7,172
  • Feb 27, 2007 6:41am Feb 27, 2007 6:41am
We're prolly in mini wave 2 of subwave 5 now imo. This count becomes invalid once cable hits 1.9590 (the beginning of subwave 5). Anyone projecting the end of next mini rally (mini wave 3)? We'll see.

Tomorrow will be the last day of February. Feb's candle was started at 1.9653. Where will it end? Another doji?
Attached Image
Tra-X
  • #7,173
  • Feb 27, 2007 6:41am Feb 27, 2007 6:41am
Quoting deboooo2005
Hi

i ve an idea about Sell GBP/USD from 1.9695 or 1.9700 becuase it hard resistance and stop lose is above 1.9735 and target is open
Best way to see your stop loss being triggered, imho. Go with the trend, not against it.

Or catch retracement later in the day...
  • #7,174
  • Feb 27, 2007 6:54am Feb 27, 2007 6:54am
the 50% fib at 9631 is taking a right old hammering today, we have never held below it in the last 2 hours despite at least 7 attempts to do so!
  • #7,175
  • Feb 27, 2007 6:57am Feb 27, 2007 6:57am
Quoting musicman007
the 50% fib at 9631 is taking a right old hammering today, we have never held below it in the last 2 hours despite at least 7 attempts to do so!
Here we go again !, Lowest low so far ( 3hrs ) on 5 min chart...
  • #7,176
  • Feb 27, 2007 7:09am Feb 27, 2007 7:09am
Quoting musicman007
Here we go again !, Lowest low so far ( 3hrs ) on 5 min chart...
Just stops being flushed out...
  • #7,177
  • Feb 27, 2007 7:10am Feb 27, 2007 7:10am
Here´s what I see...IF the W2 Low at the 61.8% retrace can hold AND price breaks above 9673 - W1 high - then it will bring the targets on the chart into play.

The Euro and Swissy look supportive, so if the data is bad for the dollar, gbp should go up towards those areas.
Attached Image
Trading Levels with WRBs
  • #7,178
  • Feb 27, 2007 7:13am Feb 27, 2007 7:13am
Quoting Islander
The Euro and Swissy look supportive, so if the data is bad for the dollar, gbp should go up towards those areas.
Euro might see .3300 today.
Is your SL my TP?
  • #7,179
  • Feb 27, 2007 7:15am Feb 27, 2007 7:15am
Quoting Islander
Here´s what I see...IF the W2 Low at the 61.8% retrace can hold AND price breaks above 9673 - W1 high - then it will bring the targets on the chart into play.

The Euro and Swissy look supportive, so if the data is bad for the dollar, gbp should go up towards those areas.
Islander i respect your comments....

what do you think about US news today??

Thanks
  • #7,180
  • Feb 27, 2007 8:15am Feb 27, 2007 8:15am
Consumer Confidence and Existing Home Sales come out at 10:00 ET. Looks as if at least the CC is bad for the dollar. Since it's an orange folder it might not do a whole lot, but one would hope it would make this currency move in a trend......
All hard work brings a profit, but mere talk leads only to poverty.
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