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Daily Cable Analysis

  • #7,261
  • Feb 28, 2007 5:17am Feb 28, 2007 5:17am
Such greats heights
  • #7,262
  • Feb 28, 2007 5:18am Feb 28, 2007 5:18am
Quoting nextG
im short 9593.. should i stop and reverse? im confused lately im out of myself..
All I can tell you is Monarch is almost always in the right direction....
  • #7,263
  • Feb 28, 2007 5:56am Feb 28, 2007 5:56am
Quoting QFXB
All I can tell you is Monarch is almost always in the right direction....
i must be very attentive and figure it out whatever he says thanks
  • #7,264
  • Feb 28, 2007 5:59am Feb 28, 2007 5:59am
I could be wrong but i believe his direction is LONG. It already hit a low of 9515.

Quoting nextG
i must be very attentive and figure it out whatever he says thanks
  • #7,265
  • Feb 28, 2007 6:06am Feb 28, 2007 6:06am
Quoting newjersey24
I could be wrong but i believe his direction is LONG. It already hit a low of 9515.
9580 and 9640 are the key prices. At 9620 we have a downward channel rising in the hourly. If price fails to break either way on news, we may end the day about here. Frankfurt open at 9618, almost the same during this week so far...
  • #7,266
  • Feb 28, 2007 6:06am Feb 28, 2007 6:06am
Is anyone concerned at the mixed RED folder announcements coming out soon:

9:45am USDChicago PMI http://www.forexfactory.com/images/m...mpact_high.gif
50.048.8
http://www.forexfactory.com/images/m...l_analysis.gif 10:00am USDNew Home Sales http://www.forexfactory.com/images/m...mpact_high.gif
1.09M1.12M
http://www.forexfactory.com/images/m...l_analysis.gif 10:00am USDFed Chairman Bernanke Speaks http://www.forexfactory.com/images/m...mpact_high.gif
All hard work brings a profit, but mere talk leads only to poverty.
  • #7,267
  • Feb 28, 2007 6:09am Feb 28, 2007 6:09am
Quoting newjersey24
I could be wrong but i believe his direction is LONG. It already hit a low of 9515.
yeah but not me im being bias for short..
  • #7,268
  • Feb 28, 2007 6:14am Feb 28, 2007 6:14am
No break high until now, i jump to short....
I Deeply Love My Virtual Life In Virtual World , RLC
  • #7,269
  • Feb 28, 2007 6:16am Feb 28, 2007 6:16am
Well while driving to work listening to Bloomberg radio.

NewHome Sales is on the decline.

Quoting Sami7
Is anyone concerned at the mixed RED folder announcements coming out soon:

9:45am USDChicago PMI http://www.forexfactory.com/images/m...mpact_high.gif
50.048.8
http://www.forexfactory.com/images/m...l_analysis.gif 10:00am USDNew Home Sales http://www.forexfactory.com/images/m...mpact_high.gif
1.09M1.12M
http://www.forexfactory.com/images/m...l_analysis.gif 10:00am USDFed Chairman Bernanke Speaks http://www.forexfactory.com/images/m...mpact_high.gif
  • #7,270
  • Feb 28, 2007 6:17am Feb 28, 2007 6:17am
Quoting newjersey24
Well while driving to work listening to Bloomberg radio.

NewHome Sales is on the decline.
Heard anything about the US Chicago PMI?
All hard work brings a profit, but mere talk leads only to poverty.
  • #7,271
  • Feb 28, 2007 6:17am Feb 28, 2007 6:17am
So you saying if it hit key price 9580, we would be looking to go short?
9640 going to look LONG?

I'm trying to see it from ya point of view why?

Quoting cesarnc
9580 and 9640 are the key prices. At 9620 we have a downward channel rising in the hourly. If price fails to break either way on news, we may end the day about here. Frankfurt open at 9618, almost the same during this week so far...
  • #7,272
  • Feb 28, 2007 6:19am Feb 28, 2007 6:19am
No. Bloomberg only talked about New Home Sales.

Oh, but is also say USA arent necessarily going to a recession but economy growth slow down to 1-2%.

Quoting Sami7
Heard anything about the US Chicago PMI?
  • #7,273
  • Feb 28, 2007 6:21am Feb 28, 2007 6:21am
I'm already in on a LONG.
Although Im taking early losses, but with influx of news 9:45 and 10:00 and my stop loss set. Its either sink or swim for me!!!
  • #7,274
  • Feb 28, 2007 6:28am Feb 28, 2007 6:28am
Quoting newjersey24
So you saying if it hit key price 9580, we would be looking to go short?
9640 going to look LONG?

I'm trying to see it from ya point of view why?
I'm not shorting cable, no way. All shorts are being yen carry driven, while euro held. Note that Euro is in the verge of a rate hike and market is trying to price it in beforehand, with no success for days. When yen carries settle down - next few days / next week, Euro may be boosted, dragging Cable up and throwing dollar down, as USD index has broken down the 84 mark...

Yup, it used to be a lil bit easier, huh? Makes NFP seems "the good old days"
  • #7,275
  • Feb 28, 2007 6:28am Feb 28, 2007 6:28am
Quoting newjersey24
I'm already in on a LONG.
Although Im taking early losses, but with influx of news 9:45 and 10:00 and my stop loss set. Its either sink or swim for me!!!
Could be that the 9:45 announcement is good for the dollar, be careful.
All hard work brings a profit, but mere talk leads only to poverty.
  • #7,276
  • Feb 28, 2007 6:40am Feb 28, 2007 6:40am
it's 1.9585 again... is this gonna drop more?!? again...
Nihil Sine Deo.
  • #7,277
  • Feb 28, 2007 6:45am Feb 28, 2007 6:45am
Quoting newjersey24
I'm already in on a LONG.
Although Im taking early losses, but with influx of news 9:45 and 10:00 and my stop loss set. Its either sink or swim for me!!!
Hey dont feel to bad, i'm right there with you i bought at 9637
  • #7,278
  • Feb 28, 2007 6:49am Feb 28, 2007 6:49am
Well that news was kinda weak. Could the Big Bang be at 10am??

Quoting Sami7
Could be that the 9:45 announcement is good for the dollar, be careful.
  • #7,279
  • Feb 28, 2007 6:53am Feb 28, 2007 6:53am
Quoting newjersey24
Well that news was kinda weak. Could the Big Bang be at 10am??
I'm concerned that the speaker will also have input, so two red folder announcments - it may be a mixed bag again - whipsaw on RED Folders.
All hard work brings a profit, but mere talk leads only to poverty.
  • #7,280
  • Feb 28, 2007 6:58am Feb 28, 2007 6:58am
its not bad to get some advice and a lil confusion but trust yourself and your position..this is just a matter of going up and down..it's not always an up or down..
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