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Daily Cable Analysis

  • #4,861
  • Jan 31, 2007 4:29am Jan 31, 2007 4:29am

i shorted 2 lot @9575...n still holdin...
Heiken _Ashi never fail me...

"Analysis Is Hard But Trade Is Easy"
  • #4,862
  • Jan 31, 2007 4:30am Jan 31, 2007 4:30am
Here's a version that does use the pivots for the support ( blue ) and resistance ( gray ) lines along with the dot version.

http://i5.tinypic.com/2en8fom.jpg
"Even a 100 pip profit begins with the first pip."
  • #4,863
  • Jan 31, 2007 4:40am Jan 31, 2007 4:40am
http://i15.tinypic.com/2u46nhz.jpg

Notice how the red dots sometimes line up on the grey lines.
"Even a 100 pip profit begins with the first pip."
  • #4,864
  • Jan 31, 2007 4:42am Jan 31, 2007 4:42am
Next the price pulled back to the 23% fib level...

http://i7.tinypic.com/49aw601.jpg

Does that answer the question?
"Even a 100 pip profit begins with the first pip."
  • #4,865
  • Jan 31, 2007 4:43am Jan 31, 2007 4:43am
Quoting Se[V]eN

i shorted 2 lot @9575...n still holdin...

Heiken _Ashi never fail me...

Do you have an exit target or are you waiting for an exit signal?

Thank you.
"Even a 100 pip profit begins with the first pip."
  • #4,866
  • Jan 31, 2007 4:44am Jan 31, 2007 4:44am
Quoting PipForce_X
http://i15.tinypic.com/2u46nhz.jpg

Notice how the red dots sometimes line up on the grey lines.
You said the red dots were resistance and the gray line is resistance, so resistance lies on resistance - great so we have strong resistence then, but how is the gray line resis calculated.
Man who scratches ass should not bite fingernails
  • #4,867
  • Jan 31, 2007 4:46am Jan 31, 2007 4:46am
If calculated in similar fashion, it shouldn't be a surprise that they line up from time to time.
Man who scratches ass should not bite fingernails
  • #4,868
  • Jan 31, 2007 4:46am Jan 31, 2007 4:46am

Quoting PipForce_X
Do you have an exit target or are you waiting for an exit signal?

Quoting PipForce_X

Thank you.
my target is @ 9505..
"Analysis Is Hard But Trade Is Easy"
  • #4,869
  • Jan 31, 2007 4:47am Jan 31, 2007 4:47am
Quoting Leugimp
If calculated in similar fashion, it shouldn't be a surprise that they line up from time to time.

which is what it seems like from your pic.
Man who scratches ass should not bite fingernails
  • #4,870
  • Jan 31, 2007 4:49am Jan 31, 2007 4:49am
Quoting Leugimp
If calculated in similar fashion, it shouldn't be a surprise that they line up from time to time.
Grey/Blue lines are the "swings" or "pivot Hi/Lo".

The Red/Blue dots were explained above.
"Even a 100 pip profit begins with the first pip."
  • #4,871
  • Jan 31, 2007 4:50am Jan 31, 2007 4:50am
Just as an update, initial bubble targeting 69 - hell why nothttp://board.freeones.com/images/smilies/nanner.gif
Man who scratches ass should not bite fingernails
  • #4,872
  • Jan 31, 2007 4:52am Jan 31, 2007 4:52am
Quoting PipForce_X
Grey/Blue lines are the "swings" or "pivot Hi/Lo".

The Red/Blue dots were explained above.
so them lining up really shouldn't mean all that much being that they are calculated in very similar ways that have a high probability of lining up.
Man who scratches ass should not bite fingernails
  • #4,873
  • Jan 31, 2007 5:04am Jan 31, 2007 5:04am
Quoting Leugimp
which is what it seems like from your pic.

If you notice, there was a big gap between the lines 1.9523 to 1.9544 but dots were plotted between the lines.

The price managed to "fill the gap".
"Even a 100 pip profit begins with the first pip."
  • #4,874
  • Jan 31, 2007 5:11am Jan 31, 2007 5:11am
Quoting Leugimp
so them lining up really shouldn't mean all that much being that they are calculated in very similar ways that have a high probability of lining up.
You can use them seperately or together.

Most of the time they don't line up.

I use the lines to trade the gaps. I use the dots to indicate support-resistance channels and breakouts.
"Even a 100 pip profit begins with the first pip."
  • #4,875
  • Jan 31, 2007 5:17am Jan 31, 2007 5:17am
Quoting PipForce_X
If you notice, there was a big gap between the lines 1.9523 to 1.9544 but dots were plotted between the lines.

The price managed to "fill the gap".
And if price turned, it wouldn't fill that gap, as I am sure there are many examples of that as well.

Of course they were(dots plotted between the lines), everytime they made a new high they would get plotted according to how they are calculated. That doesn't give a hint on where price is going to go, but rather because price does go there the dots are plotted. Sure, it is quicker to react to th market then the lines but the fact that they line up with the lines doesn't really explain anything new.
Man who scratches ass should not bite fingernails
  • #4,876
  • Jan 31, 2007 5:24am Jan 31, 2007 5:24am
Quoting Leugimp
And if price turned, it wouldn't fill that gap, as I am sure there are many examples of that as well.

Of course they were(dots plotted between the lines), everytime they made a new high they would get plotted according to how they are calculated. That doesn't give a hint on where price is going to go, but rather because price does go there the dots are plotted. Sure, it is quicker to react to th market then the lines but the fact that they line up with the lines doesn't really explain anything new.
I just tried my best to answer questions. Someone asked about the dots. Then someone asked if they were pivots. No claim of explaining anything new.

The color of the 60 minute candle tells me which way the price IS going. I just scalp what I see - connecting the dots.
"Even a 100 pip profit begins with the first pip."
  • #4,877
  • Jan 31, 2007 5:25am Jan 31, 2007 5:25am
Quoting Se[V]eN

...Heiken _Ashi never fail me...

....I like to keep Heiken _Ashi candles up in the background as well, really good visual on what current trend may be. Here is a pic...
Attached Image
Man who scratches ass should not bite fingernails
  • #4,878
  • Jan 31, 2007 5:30am Jan 31, 2007 5:30am
Quoting PipForce_X
I just tried my best to answer questions. Someone asked about the dots. Then someone asked if they were pivots. No claim of explaining anything new.

The color of the 60 minute candle tells me which way the price IS going. I just scalp what I see - connecting the dots.

Sorry Pip, I know I come across that way, thanks for your explanation, i was recently replying to the red dots lining up with the gray line - just don't see what is important about that and I argue about it not to argue but to initiate discourse that may reveal something I haven't thought about - nothing personal.
Man who scratches ass should not bite fingernails
  • #4,879
  • Jan 31, 2007 5:33am Jan 31, 2007 5:33am
Notice after the run up the price pulled back to the 50% fib ( gray ) dot.

Then support ( blue ) dots lined up and the price retraced to the 61% ( brown ) dot.

Riding the color of the candle usually produces nice scalps.

http://i5.tinypic.com/4h05v2c.jpg.
"Even a 100 pip profit begins with the first pip."
  • #4,880
  • Jan 31, 2007 5:35am Jan 31, 2007 5:35am
Quoting Leugimp
Sorry Pip, I know I come across that way, thanks for your explanation, i was recently replying to the red dots lining up with the gray line - just don't see what is important about that and I argue about it not to argue but to initiate discourse that may reveal something I haven't thought about - nothing personal.
No offense taken. You probably know more about all this stuff anyway.
"Even a 100 pip profit begins with the first pip."
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