DislikedI use Intellicharts (fxtrek) and they show a HUGE drop at the close.
It dropped to 1.9405.
StanIgnored
i have 0.3 lots sell and made T.P on 1.9435
Is it just me or is cable acting random? 48 replies
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DislikedI use Intellicharts (fxtrek) and they show a HUGE drop at the close.
It dropped to 1.9405.
StanIgnored
DislikedGentlemen, please do not get your knickers in a twist just yet.
Due to G7 I thought that it was too dangerous to keep any GBP or EUR trade open, so I can just watch without worrying. Something similar happened the other weekend with poundyen which dropped over 120 pips during the weekend but was just about where it started when our brokers opened on sunday.
Ignored
DislikedThis what I see about cable
After marked breaking of the uptrend on daily chart and also weak rejection from strong support point at 19460Ignored
Disliked1.9460 isn't strong support .... support was on 1.9480 then 1.9430 ... 1.9480 breakedIgnored
DislikedI use Intellicharts (fxtrek) and they show a HUGE drop at the close.
It dropped to 1.9405.
StanIgnored
DislikedI am not saying I believe this, I am just showing the spike UP and the spike DOWN are probably not true, (Can't spike both ways at the same time)Ignored
DislikedI just checked Tenfore Ssytems website since is the source for the Real Time Quotes information. They are currently showing a price of 1.9491 for cable and 237.3 for poundyen. However what is very interesting is that they are showing that these prices are a decrease of 1.68% and 1.44% respectively for those pairs.
This means that the prices spiked up quite a bit higher than they are at present and have since dropped to levels comparable to where they closed on friday.Ignored
DislikedInteresting fact here to watch.
Two major moves downward recently.
The first one came down to 1.9541, retraced to 1.9600 (59 pips) then dropped to 1.9455. Now the move upwards has retraced to 1.9514(59 pips).
I am watching to see if this 1.9514/15 area holds at market time, or if it will be the bounce for a continuation in the downward move.
From the previous downwards they were as follows:
High 1.9693 dropped to 1.9541 - 152 pips
High 1.9600 dropped to 1.9455 - 145 pips
If there is a third move downward and is near the first two moves in comparison of distance, it would take it to 1.9265, right to the Low we had on 1/7/07.Ignored
Dislikedmonarch,
i had just done this same analysis in an effort to convince myself to take an even bigger short in the cable, and then signed in to FF to check out new posts and read this post by you outlining exactly what i just did
great minds, eh?Ignored