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Daily Cable Analysis

  • #201
  • Jan 5, 2007 2:11am Jan 5, 2007 2:11am
Quoting dobbie11
Look for a bounce down @ 425 ( maybe 20 pips ) if it does not break 425 with some force , by the london open have 7 mins
The London Opened at 1.9429 and Closed at 1.9425.

Right now price is bumping the Close of the 5 Minute Candle at 1.9425.

The High went to 1.9432 mark, watching breach at this price for long possibility.

Still waiting for a drop, if it happens, I will enter at 1.9374 area.
  • #202
  • Jan 5, 2007 2:12am Jan 5, 2007 2:12am
Quoting monarch
The London Opened at 1.9429 and Closed at 1.9425.

Right now price is bumping the Close of the 5 Minute Candle at 1.9425.

The High went to 1.9432 mark, watching breach at this price for long possibility.

Still waiting for a drop, if it happens, I will enter at 1.9374 area.
I Will enter a (Short) at the 1.9374 (if scenario plays out correct)
  • #203
  • Jan 5, 2007 2:14am Jan 5, 2007 2:14am
Quoting monarch
The London Opened at 1.9429 and Closed at 1.9425.

Right now price is bumping the Close of the 5 Minute Candle at 1.9425.

The High went to 1.9432 mark, watching breach at this price for long possibility.

Still waiting for a drop, if it happens, I will enter at 1.9374 area.
How much lower you think will it go from 1.9374?
  • #204
  • Jan 5, 2007 2:14am Jan 5, 2007 2:14am
gets by 410 and look for the drop
Quoting monarch
The London Opened at 1.9429 and Closed at 1.9425.

Right now price is bumping the Close of the 5 Minute Candle at 1.9425.

The High went to 1.9432 mark, watching breach at this price for long possibility.

Still waiting for a drop, if it happens, I will enter at 1.9374 area.
  • #205
  • Jan 5, 2007 2:14am Jan 5, 2007 2:14am
Quoting dobbie11
still have one open will let the stop take it out still be up 21 pips and already 38 pip profit. Not sure on price action seems confused but everything still showing long. But yet again we are speaking of good ole cable here
So you won't be entering again just yet? I'm new, so I'm a little confused.
  • #206
  • Jan 5, 2007 2:16am Jan 5, 2007 2:16am
not if u are not in wait to got long if it breaks 432 and short at374
Quoting Nicole_lin
So you won't be entering again just yet? I'm new, so I'm a little confused.
  • #207
  • Jan 5, 2007 2:19am Jan 5, 2007 2:19am
Waiting for a Fibo Retracement on the hourly down to 1.9400/1 for 38.2%.

The 61.85 would be at 1.9380 which would help me decide if a Short will be in play.

Bounce this Fibo and up we go, Break and Close this Fibo and down we go.

40 minutes on the Hour Chart, but if it breaks this on the 5 minute, I will follow procedure using it.
  • #208
  • Jan 5, 2007 2:20am Jan 5, 2007 2:20am
Thanks. Do you only scalp or swing trade too?

Quoting dobbie11
not if u are not in wait to got long if it breaks 432 and short at374
  • #209
  • Jan 5, 2007 2:22am Jan 5, 2007 2:22am
Quoting Nicole_lin
So you won't be entering again just yet? I'm new, so I'm a little confused.
I closed out both longs at the London Open 1st 5 Minute candle close at 1.9425.

What Dobbie said sound good

Long - break over 1.9432 with a closed 5 Min Candle

Short - break under 1.9374 with a new open 5 min candle body/wick not touching the 1.9374 line.
  • #210
  • Jan 5, 2007 2:27am Jan 5, 2007 2:27am
Just bounced the 50% Fibo at 1.9403 (2 pips above)

Watching the 61.8% Fibo at 1.9396 (key point of support yesterday, and resisitance today)
  • #211
  • Jan 5, 2007 2:27am Jan 5, 2007 2:27am
stop out on the long 405 went short at 409 with a tight stop looking for 20 pips
Quoting monarch
I closed out both longs at the London Open 1st 5 Minute candle close at 1.9425.

What Dobbie said sound good

Long - break over 1.9432 with a closed 5 Min Candle

Short - break under 1.9374 with a new open 5 min candle body/wick not touching the 1.9374 line.
  • #212
  • Jan 5, 2007 2:36am Jan 5, 2007 2:36am
Quoting dobbie11
stop out on the long 405 went short at 409 with a tight stop looking for 20 pips
Your in a Short at 1.9409, looking at 20 target 1.9370. Could be useful if we drop as expected below the 1.9474 mark later on.

This movement is slower tonight folks, and that is okay, it takes several hours a lot of the time to catch the right direction after London open.

Price is in a no-zone channel right now, every one is standing back and contemplating what they should do.

I am waiting for my trading strategy perimeters to be met before I jump in either way. Cleared + 75 pips already in the past several hours, and would like to keep those in the bank.

By the way, my wierd trading strategy on the Long may be okay, but I pulled that plug at 1.9425 mark. I will open it up again if price continues up after 1.9432-5 mark.
  • #213
  • Jan 5, 2007 2:37am Jan 5, 2007 2:37am
I just got a signal to go long
trading on demo is not trading
  • #214
  • Jan 5, 2007 2:40am Jan 5, 2007 2:40am
From my oppinion i have many reasons to looking for a long after a 50% retracement on the 15 min chart.

- on the daily chart we hit a 1.27 fibonacci extension from the 1.9850 to1.9464, which is also an old high from 28. 12.2004 )
- on the 4h chart we are sitting on a weekly S3, price beein oversold. We also hited a 1.27 fibonacci extenssion. MacD histogram shows weakness.
- on the 1h chart MACD shows divergence. Price broke a TD trendline.

I will enter long at 1.9391 + spread.
  • #215
  • Jan 5, 2007 2:41am Jan 5, 2007 2:41am
Quoting enzo2325
I just got a signal to go long
I really like several indicators that are showing me the same signal, expecially the 1 hour candle formation showing the retracement may be done.

I am close to pulling a Long trigger myself. Still like to pass the 1.9432 mark, but I could pull in a few extra if I jumped in now.

I will wait a little longer, patience may give me a better directional indication.
  • #216
  • Jan 5, 2007 2:43am Jan 5, 2007 2:43am
Quoting sebytim
From my oppinion i have many reasons to looking for a long after a 50% retracement on the 15 min chart.

- on the daily chart we hit a 1.27 fibonacci extension from the 1.9850 to1.9464, which is also an old high from 28. 12.2004 )
- on the 4h chart we are sitting on a weekly S3, price beein oversold. We also hited a 1.27 fibonacci extenssion. MacD histogram shows weakness.
- on the 1h chart MACD shows divergence. Price broke a TD trendline.

I will enter long at 1.9391 + spread.
I think the 50% Fibo on the 15 Minute 1.9391 would give optimal rewards, and it also would complete this Fibo setup clearly.
  • #217
  • Jan 5, 2007 2:45am Jan 5, 2007 2:45am
Quoting monarch
I think the 50% Fibo on the 15 Minute 1.9391 would give optimal rewards, and it also would complete this Fibo setup clearly.
1.9391 is also the 50% Fibo on the 1 Hour Chart.

Remember 1.9396 was a support and resistance, if it holds, it may show Long from there.
  • #218
  • Jan 5, 2007 2:47am Jan 5, 2007 2:47am
1/3 of the position was stopped out at 1.9403. Now with the remaining 0.01 lots @ 1.9398... I'm going to go to sleep and wake up about 1/2 hour to 45 minutes before the announcement to see what happens. Good night (morning?) all! See you in a few hours.
  • #219
  • Jan 5, 2007 2:49am Jan 5, 2007 2:49am
At 1.9391 we have an old high, 50% retracement and a TD trendline.

Just a little more to wait.
  • #220
  • Jan 5, 2007 2:50am Jan 5, 2007 2:50am
Do you all have a chat room?
would be great for live discussion.
I'm just moving clouds today - tomorrow I'll try mountains.
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